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5121  Economy / Gambling discussion / Re: US Presidential Election 2020 on: August 14, 2020, 06:05:04 AM
I reckon that @figmentofmyass might be correct. This might be the best time to bet on Trump. I was speculating that the situation might be very similar to the election of 2016, however, the storyboard for this election is clearly beginning to be different.

Also, the debates during the campaign might show Biden's failing memory hehehe.



It’s Way Too Soon To Count Trump Out

Joe Biden currently has a robust lead in polls. If the election were held today, he might even win in a landslide, carrying not only traditional swing states such as Florida and Pennsylvania but potentially adding new states such as Georgia and Texas to the Democratic coalition.

But the election is not being held today. While the polls have been stable so far this year, it’s still only August. The debates and the conventions have yet to occur. Biden only named his running mate yesterday. And the campaign is being conducted amidst a pandemic the likes of which the United States has not seen in more than 100 years, which is also causing an unprecedented and volatile economy.

Nor has it been that uncommon, historically, for polls to shift fairly radically from mid-August until Election Day. Furthermore, there are some reasons to think the election will tighten, and President Trump is likely to have an advantage in a close election because of the Electoral College.


Source https://fivethirtyeight.com/features/its-way-too-soon-to-count-trump-out/
5122  Alternate cryptocurrencies / Altcoin Discussion / Re: DeFi hacks [history] on: August 14, 2020, 05:02:56 AM
There were 2 more Defi smart contracts that had bugs that were exploited again. Where did these developers come from? I reckon some of them might be the unqualified developers who were rejected or will be rejected by legitimate tech companies.

I am sorry. I do not want to call them bad, however, investors are losing money because of their incompetence.



DeFi meme coin YAM has succumbed to a bug within its rebase function, meaning the coin has lost control of its on-chain governance feature.

All of the roughly $750,000 Curve tokens stored in the project's treasury are lost as well, according to a Medium blog from the team.


Source https://www.coindesk.com/defi-meme-coin-yam-succumbs-to-fatal-rebase-bug



The CRV token officially, yet unexpectedly, launched at 6:25 PM EST today after an anonymous user, apparently unilaterally, deployed the open-source CRV token and CurveDAO contracts on the Ethereum mainnet earlier in the day.

Source https://decrypt.co/38708/anonymous-defi-user-deploys-curve-crv-token-early
5123  Bitcoin / Press / Re: [2020-08-11] MicroStrategy Adopts Bitcoin as Primary Treasury Reserve Asset on: August 14, 2020, 03:46:37 AM
Decrypt has found the death of bitcoin prediction tweet from Microsystem CEO Michael Saylor which might have been deleted after the release of this article.

It appears that we should also be convinced that we are witnessing the beginning of another bull market hehehe.



He’s not alone in the 180-degree-turn. This year, Mathew McDermott, the head of digital assets at US bank Goldman Sachs, said the bank is entertaining client requests for cryptocurrency transactions after a “resurgence of interest.” This is the same bank that flat out dismissed Bitcoin as an asset class in May 2020 during an investor call.

Source https://decrypt.co/38604/microstrategy-ceo-predicted-the-death-of-bitcoin-years-ago
5124  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is Ethereum Classic undervalued? on: August 13, 2020, 07:15:22 AM
@Abiky. There was another 51% attack on this on 2018 or was it 2019, where the hackers were also successful in the double spend.

I reckon that this coin should be declared dead for investors.

In any case, I should not be speaking. I am an Aeon bagholder hehehehehe.

Exactly. With two more 51% attacks taking place this year, it shows that developers have no interest in providing a solution against them. By now, Ethereum Classic should've had some sort of mechanism that would protect it from further network disruptions. Other cryptocurrencies like Komodo and Dash have taken the initiative to protect themselves from 51% attacks, so why the ETC project hasn't done so already? As long as developers don't care about the security of the underlying Blockchain network, ETC won't be going anywhere. I'd expect prices to go down the drain if this continues.

In the bright side, anyone can fork the ETC project in order to make a better version from it. That's thanks to its open source and decentralized nature. The competing hard fork could topple ETC's place on the market, if it manages to tackle the issues of 51% attacks while at the same time "honoring" its "Code is Law" vision. There are so many competitors out there on the market, which are far better than ETC nowadays. With ETC "mirroring" ETH in terms of smart contract compatibility, why would anyone choose it on top of the main ETH blockchain? I think ETC will have very low prices in the long term (even with its limited supply) due to its low mainstream adoption and high security risks. Unless developers and the community make ETC great again, the cryptocurrency will remain under the radar of many investors and traders alike. Just my thoughts Grin

It is not the fault of the developers because this was not a bug or a security flaw. This is only the nature of miners on proof of work cryptocoins, their natural greed and cheating for short term profit.
5125  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum's supply cannot be verified on: August 13, 2020, 03:23:59 AM
This story is LITERALLY one of the biggest nothing burgers ever.

Look up Crypto FUD in the dictionary, and you will find a link to this story.

It's a story. We are talking .1% of supply could be delayed uncle's or cousins or whatever.

Saying this cast Ethereum in ANY kind of negative light is bullshit.

This whole "ether supply can't be counted" is smoke and mirrors people.

Oldest trick in the book...blatant misleading FUD by those that want to help whatever coin is in their bag that's competing with ETH.... point blank

Agreed that some of the news articles might be critical. We know Ethereum has a supply figure that did not break consensus. However, can you verify how much it really is?
5126  Bitcoin / Press / Re: [2020-08-03] Hack Forces Travel Company to Pay USD 4.6m in Bitcoin Ransom on: August 13, 2020, 02:46:59 AM
Step 1. Someone anonymous does something outrageously egregious to cause harm to you (or someone you) know/love
Step 2. Anonymous Someone asks you to give them something worth $10 million in return for undoing the bad thing


Q. Is step 3:

3a) Give them the $10 million. Why wouldn't you trust them?
3b) Give them nothing and take the hit. They've already proved they're total assholes

Step 1. Travel company should insist that payment should be in bitcoin.

Step 2. Use Coinbase to send the payment for hackers.

Step 3. Inform Coinbase what had occured and request for blockchain analysis.
Do you really believe that those hackers would took off the bait and would follow on what you had insisted? In most cases they are the ones who would demand on what would be the
payment terms on said ransom.They arent just dumb to make use of Coinbase to let themselves being traced but rather they would give out a specific own address and wouldnt mind on how they do convert it to cash.
since the company is on the side which would need to follow on whats being instructed then they wont have any choice but to follow if they are really that serious on getting those keys because they do know that
whats on stake if they dont agree with the terms.They wont just have a minimal financial damage if they do just skip and let it go this is why they are really willing to pay up the ransom..Just always have the doubt if those
hackers will really be that honest with the deal or would simply ask out again for money even though they had already given the 4M usd.





I did not say ask the hackers to use Coinbase. That would be stupid hehe. The travel company should use Coinbase and request their blockchain analytics company for an analysis of the transactions on the hacker's wallet.

Are you aware that Coinbase has become similar to a government contractor but for blockchain intelligence?
5127  Bitcoin / Press / Re: [2020-08-11] MicroStrategy Adopts Bitcoin as Primary Treasury Reserve Asset on: August 13, 2020, 02:04:02 AM
Agreed on their statement that bitcoin is a legitimate long term investment asset, however, I cannot agree on their statement that it can be better than cash. I wish everyone who came to the cryptospace recently stopped hyping it this way.

At least there was the word can.

And I agree with them. Various countries are now starting to do away with cash, that is, cash referring to bank notes and coins. Cards and online payments are now taking over commerce, not only due to convenience but also due to cash being prone to be used in illegal transactions.

Well, since the advent of Bitcoin and cryptocurrency, the word cash should now evolve and include in its meaning its electronic or digital versions.

However, is bitcoin really as convenient similar to cash? Is bitcoin not also prone to illegal transactions? The darknet markets was possible because there was bitcoin.
5128  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum's supply cannot be verified on: August 12, 2020, 04:20:09 AM
I believe the most accurate way to check the current supply of the coin is by using desktop wallet directly.
Open the console and write a command there, in Bitcoin the command i think 'gettxoutsetinfo'
It will shows something like this :
{
  "height": 643150,
  ...
  "total_amount": 18457180
}

However, what did Etherscan, Ethplorer, Blockchair, Tokenview, Coinmarketcap and Etherchain use to verify the supply? It was also from their node, I assume and they gave different values.

There are some people who might think that this is insignificant, however, this shows the inferiority of the project. I speculate that if bitcoin's supply verification occured like this, the news articles published would be like it was the end of the world already hehehe.
5129  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] AEON: Cryptonote privacy, efficiency, decentralization, and stability on: August 12, 2020, 03:09:53 AM
@bigslimvdub. However, the fixed supply and the assumption that it is the better option is also a only theory. On bitcoin it appears that the effect is that is being used as a speculative investment more than a medium of exchange similar to gold. Early holders are incentivized to keep them instead of using them.

Aeon is a speculative investment since 99.9% of anyone who owns the coin are not spending it, only holding or trading.

Bitcoin is being used, integrated, and speculatively held on a daily basis. Bitcoin will also be around in its usable state until supply is exhausted, someone breaks sha256, or finds a severe security flaw that rendered the chain useless.

Most crypto coins with a tail emission could, and probably will, become obsolete soon after tail emissions kicks in and miners realize there is close to zero incentive to continue supporting the chain and it eventually dies off well before bitcoin can. The only way any cryptocurrency on tail emissions could survive was if the value increased exponentially to create financial incentives to continue mining operations. One of the reasons a specific project made an incredibly gigantic supply so it could literally never run out of supply in the developers lifetime.

The argument was not how the coins mentioned are presently used but on their monetary policies and how they might affect on how they could be used in the future.

Grin's monetary supply dilutes the coins of early adopters and disincentivizes them from hoarding. I reckon Aeon's tail emmission might help stabilize the price assuming it was adopted a certain % of bitcoin's adoption. Bitcoin's monetary policy of fixed supply will tie it forever as a speculative asset similar to stocks.
5130  Bitcoin / Press / Re: [2020-08-11] MicroStrategy Adopts Bitcoin as Primary Treasury Reserve Asset on: August 12, 2020, 02:26:23 AM
Agreed on their statement that bitcoin is a legitimate long term investment asset, however, I cannot agree on their statement that it can be better than cash. I wish everyone who came to the cryptospace recently stopped hyping it this way.
5131  Economy / Gambling discussion / Re: US Presidential Election 2020 on: August 12, 2020, 01:03:14 AM
Biden has selected his running mate and judging by the odds movements (there are always people with some insider information), it will be Susan Rice - he will announce it later today, lets see. Unfortunately I can't access the Betfair charts (if someone can, please post a screenshot here), but in the last screenshot I took end of July, Rice was 5+. In a screenshot from April, she isn't visible so must have been 30+. Good bet missed Grin

Edit: Well he picked Harris actually Cheesy

I am very disappointed. I thought my prediction and analysis were becoming a certainty hehehe. Also after the news articles about Kamala Harris unfollowed Biden on Twitter, I was already counting my money before holding it.
5132  Economy / Gambling discussion / Re: The UFC Info and Prediction Thread on: August 11, 2020, 02:50:26 AM
Havent seen such an interesting main card for a long time.

My predictions are. Miocic wins by decisions and we see again tears in DC eyes. This is going to be last fight in DC career, right?
O'Malley submits Vera. And Rozenstruik TKO dos Santos.

Btw, can someone explain why Sean O'Malley is already top14 Bantamweight with only 3 fights in UFC against not higher than his rank fighters and with not extraordinary record ? It is like he fighting guys that are weaker than he, but advances in ranking.

Sean O'Malley is a striker. It might be a knockout or a decision. Also, his only win by submission was on 2015 when he was not in the UFC. However, he can be lucky. Darren Stewart has won his only victory by submission only this Sunday hehehehe.

@yazher. It might only be a commercial with him and Pacman for Proper 12 hehe.
5133  Bitcoin / Bitcoin Discussion / Re: Grayscale to launch crypto ads on: August 11, 2020, 02:08:19 AM
The commercial was released. It presented Barry Silbert's different funds for altcoins. I reckon institutional investors might begin laughing after doing their research on Ethereum Classic, fork of Ethereum after DAO hack, 51% attackers' favorite target. Horizen, fork of Zcash, they are not anonymous. Stellar fork of Ripple, founder dumps XRP every month after fork. Bitcoin Cash fork of Bitcoin, no comment hehehe.
5134  Economy / Speculation / Re: Grayscale Buys 800% More Bitcoin Compared to Q1 2019 on: August 11, 2020, 01:33:31 AM
Presenting Barry Silbert's campaign commercial for bitcoin.

https://twitter.com/sonnenshein/status/1292792512780947457?s=21

As a person who knows the history, I was shaking my head and I felt a little embarassed after I saw names of altcoins BCH, Zcash , Ripple, Stellar, Ethereum, Ethereum Classic in there. The commercial has nice music, however hehehe.
5135  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] AEON: Cryptonote privacy, efficiency, decentralization, and stability on: August 11, 2020, 12:39:46 AM
@bigslimvdub. However, the fixed supply and the assumption that it is the better option is also a only theory. On bitcoin it appears that the effect is that is being used as a speculative investment more than a medium of exchange similar to gold. Early holders are incentivized to keep them instead of using them.
5136  Economy / Gambling discussion / Re: US Presidential Election 2020 on: August 10, 2020, 06:31:31 AM
@figmentofmyass. I hope it worsens before I make the bet hehehe.

Also, about the mail in ballots, who runs and works in the United States Postal Service? There was an article about it that 70% of USPS workers are Republicans.
5137  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] AEON: Cryptonote privacy, efficiency, decentralization, and stability on: August 10, 2020, 05:52:57 AM
In RE to tail emissions, what CN coin is on tail emissions currently? Will aeon hit tail emissions before Monero so it can be examined on effectiveness? Since there has been zero talk about tail emissions since 2017 pre-rebase, it is only hopes and expectations on effectiveness right now.

Also for price comparison to monero, Aeon was $9.50 while monero was almost $500. Not a fair way to compare projects based of market cap

However, tail emmission and infinite emmission are monetary policies that might be theoretically more sound than bitcoin's monetary policy of having only the fees to secure the blockchain after the end of its distribution.
5138  Alternate cryptocurrencies / Speculation (Altcoins) / Bitcoin could crush altcoin bull market according to maximalist on: August 10, 2020, 04:35:15 AM
Is this article's title clickbait? I do not see any arguments from Master Woo that implies that bitcoin will crush the altcoins' bull market.

The pattern has been pump on bitcoin followed by pump on altcoins and back again to bitcoin followed again back to the altcoins.



While speaking about this, one analyst explained that he expects BTC to crush altcoins in the coming weeks as it recaptures some of its market dominance.

Willy Woo – a well-respected on-chain analyst – explained in a recent tweet that there are a plethora of factors that all indicate Bitcoin is going to gain against altcoins in the coming few weeks.

“Bull divergence, BTC Dominance, expecting BTC to gain over alts in coming weeks. Waiting for the top indicator to reverse (detects volume movements). ETH currently more bullish than other alts. In that regard, I believe we’re in an era of dual pumpage.”


Source https://bitcoinist.com/heres-why-bitcoin-could-crush-altcoins-in-coming-weeks/
5139  Alternate cryptocurrencies / Altcoin Discussion / Ethereum's supply cannot be verified on: August 10, 2020, 03:47:07 AM
It appears that there is another issue with Ethereum again hehe. I was shaking my head and laughing on Eth 2.0's constant delays, however, this might be the best course for their developers, who always does something wrong, and their loyal investors.


Meanwhile, “Leon” ran the script and came up with several different supply figures when he (claimed on Twitter) to have ran the script:

This is incredible. Popular block explorers and coinmarketcap all show a different ETH supply

Maybe fix this before launching Ethereum 2.0 frens https://t.co/Nf8sq2PO9W

I didn't believe so I just tested

blockchair.com/ethereum 112086620

https://twitter.com/marcandu/status/1291840343047118854 112429827

etherscan.io/stat/supply 112086460

https://ethplorer.io/address/0x0000000000000000000000000000000000000000 112086233

eth.tokenview.com/en/ 109372852

https://coinmarketcap.com/currencies/ethereum/ 112086403

https://etherchain.org/charts/totalEtherSupply 111,743,459


Read in full https://cryptoslate.com/how-many-ethereum-in-circulation-asks-the-bitcoin-community/
5140  Economy / Speculation / Re: Grayscale Buys 800% More Bitcoin Compared to Q1 2019 on: August 09, 2020, 02:36:09 AM
@Febo. However, has Barry Silbert unloaded before? It might be a mistake. He should unload his altcoins first, I reckon. He is one of the biggest investors of the 51% attackers' favorite Ethereum Classic hehehhe.
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