I speculate that much of the XRP Army on social media were fake and from farmed accounts created in an office hehehe.
Account farming was also done here in the forum before the merit system.
I don't think that the problem is because of account farming. In my place, Ripple was very hyped in 2 or 3 years ago. But over a long time, it hasn't accomplished any new development. This abates its investors' interest. Also, a number of people have realized the fact that Ripple is a centralized coin and stop following its social medias. Agreed that it might only be a speculation from me, however, it does not change anything that there are millions of farmed accounts all around the internet that were created for fake hype and fake activity which might be what the XRPArmy was. |
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Real shit!!!, Khabib Nurmagomedov vs TonyFerguson will never be happened.  Let's us expect for the upcoming main events. I hope it will happen soon!!! Justin Gaethje vs ConorMcGregor Justin Gaethje vs Tony Ferguson (Part 2) Justin Gaethje vs Khabib Nurmagomedov ConorMcGregor vs Khabib Nurmagomedov (Part 2) Khabib Nurmagomedov vs Tony Ferguson will always be an unrealized match up for the fans and with the defeat now against Justin Gaethje there is no way we will see that match up anytime soon. I was expecting Tony to win and the Khabib fight to happen next but now everything changed. After Justin Gaethje winning the interim belt Conor McGregor is calling out Nate Diaz, the next fight for Justin Gaethje is Khabib Nurmagomedov for the title unification and it will be an interesting fight with the way Justin Gaethje performed against Tony it will be interesting to see the take down defense and the leg kicks and how Khabib will counter those. Agreed! It has always been an unlucky pairing for uncle Dana hehehe. In any case, I speculate El Cucuy might fight Dustin Poirier after this loss. Also, clearly next fight for Khabib is Justin. Who will be next for Conor, however? Certainly not Nate. This will not improve Conor's ranking and challenge the champion. |
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It appears everyone might be correct. The miners were not hoarding, exchanges not pumping with unaudited USDT. The pump might only be from traders on leverage who are using the halving as hype. The dump was those traders liquidated from their trades hehehehe. However, the conclusion is the same.
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~
I understand this, but why should we imply that Bitcoin price would stagnate during this time? We all know that Bitcoin price doesn't depend on the events in the physical world, and that's why it's so unpredictable. The purchasing power of 1 BTC can rise 100% in a matter of weeks, or drop 50% in the same time-frame. The effect of fiat deflation/inflation on the Bitcoin purchasing power is so negligible that we can safely ignore it.
It might be because the writer of that article also understands and accepts that bitcoin is usually only used as a speculative investment today. In a condition of economic deflation, the velocitiy of money is down, the amount of money every that human being owns is low and economic activity is also very slow. So, according to you, Bitcoin price should stagnate when the overall economic activity is slow? Aren't we seeing a different picture on the crypto markets today? Or is it because the economic activity isn't slow enough still, and the times described in the article are yet to come? Yes of course. Cryptocoin markets and others like the stock market and the real estate market should stagnate during a period of high unemployment, low GDP and recession. Also, yes, the present situation might not be the worst yet. However, we might be in this situation similar to the 2 years before the 2008 housing debt crisis in America. Those 2 years before were pumping the markets of no strong economic fundamentals. This is not sustainable. |
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https://www.youtube.com/watch?v=_B0kjCboHVAIn this interview of Anderson Cooper to Las Vegas' mayor Carolyn Goodman, the head of the city insists that the Vegas should re-open the casinos and restaurants for the welfare of its people. Especially those depending on the said establishments in order to get some money to feed their family. While the reasoning for the city's reopening is with good intention, the reasoning isn't sound and clearly done due to the urge of emotion. Anderson even went so far to ask the mayor if she would be willing to stay every night on casinos wherein the workers and the gamblers would be staying just to prove that she is 'with them' in their plight against coronavirus. If the persistence of the mayor proved to be worthwhile and the city reopens, would you, as a gambler, be willing to get inside one of the many casinos and play there? even how hard She wanted yet She has no Power to make it happen so this is just a desperate message from a Mayor of one big city. Singapore should be the best example of what the 2nd wave of the pandemic would look like. The country did a good job in containing the virus in the beginning, however, opened their country very early and they had no plan on how to fight it versus the 2nd wave.
though Singapore faces the 2nd wave grateful and now almost wiping the virus again. I reckon the Las Vegas is being pressured by the powerful casino owners.
What can we expect here?the Mayor surely concern about the health of Her people but this Big gambling operators?who cares. The mayor does not have the concern for the people, I reckon. The skeptical me is thinking that she is pressured by the people who made her the mayor, the owners of the casinos. She would have stepped down if she cared. Also, Singapore cases are increasing. The country is not successful in controlling the 2nd wave. |
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If somehow they can open the leagues back up very late, you guys think warriors would still play Curry and Klay if they are healed? I mean I don't know the exact time line on when they will be back, back in the day it was said that "closed out the season" and stuff like that but honestly the season would have been over anyway. So lets say the season gets back on track on July first, would they even play? Because there is no way they can go to playoffs now, they are waaaay bottom right now to ever make the playoffs, which means is there even a reason to play them even if they play? Maybe it could be for getting back in shape reasons, like put them on the bench and make them play like 12 minutes a game so they can get back in game shape and not be out for too long, but aside from that I do not see a reason for them to play honestly. That is even if league comes back this summer of course.
I reckon that it might be good for team and player to avoid risks for Curry. They are out of the playoffs irregardless hehehe. In any case, who should be blamed for the coronavirus? NBA would be in the playoffs today if this did not spread. |
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@Twinkledoe. It is not the Ripple team. I reckon the Ripple development team does not care about a community of XRP users because Ripple team's adoption strategy is to partner with banks and make their clients use Ripple.
It might be the XRP influencers who might be responsible for the farmed XRPArmy clickbots. There was one female XRP influencer who declared that she was leaving the XRP community because of the toxicity of the cryptospace. Coincidentally, the XRPArmy also dissolved during that time.
I will not accuse, however, why that timing?
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It appears that they have launched it. Airdrops might be coming to Telegram users hehehe. What can the SEC do to the free TON platform now? However, will exchanges list their token? I want to buy $100 of grams as a gesture of support hehe. The Free TON community, an independent group of software developers, validators and users are launching the "Free TON Blockchain" today, May 7.
The blockchain would appear to be based on the Telegram Open Network, the blockchain originally created by encrypted messenger app Telegram.
The TON community had previously declared that it would release the network, despite Telegram's long-running legal dispute with the United States Securities and Exchange Commission and the agency's continuous efforts to block the network's launch.
According to an announcement shared by TON Labs, the community will launch the Free TON Blockchain along with free "TON" tokens to be distributed to users.
Pavel Durov’s Telegram can "no longer be involved" in the project
By launching both the network and tokens independently from Telegram, the Free TON community positions the network as a “provably decentralized blockchain.” The Free TON blockchain will be maintained and validated by a network of independent, non-hierarchical members working on the principles of the Declaration of Decentralization (DOD). The DOD is the primary document that governs the Free TON Community’s operations and is available at the project’s website freeton.org.Source https://cointelegraph.com/news/ton-community-launches-free-version-of-telegram-open-blockchain |
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@kaka22. It is not sustainable. The pump will stop when the miners begin to dump and the exchanges also begin to stop printing unaudited USDT. We experienced something similar on 2018 to 2019. This is not speculation anymore.
However, I speculate the regulators might be monitoring Bitfinex's moves closely again.
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@cr1776. On a real genuine depression, many people will not have sufficient assets to protect by holding bitcoin. Poor people would better use what they have for food, water and shelter.
We witness it in the world today. Would you see a poor Asian farmer protect his assests in bitcoin?
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The miners do not dump while we are also witnessing the exchanges print more stable coins which might not be backed by real fiat and pump. The skeptical me thinks that the miners with help from exchanges are on an operation to save themselves hehehe. Their sustainability depends on bitcoin's price. However, is this plan sustainable?  Miners have sold less Bitcoin (BTC) over the past seven days as the highly anticipated block reward halving approaches. This means that miners expect the price of Bitcoin to increase substantially over time after the halving occurs.
Over the past week, according to data from ByteTree, miners held about 1,067 Bitcoin. Ostensibly, miners hoarding Bitcoin seems positive — but it is not.
Normally, miners hoarding most of the Bitcoin they mine without selling it to cover expenses is not optimistic. But ByteTree’s research paper noted that this time miners may be expecting the upcoming halving to drive the price of Bitcoin up substantially.Read in full https://cointelegraph.com/news/btc-miners-expect-bitcoin-price-to-surpass-12k-after-reward-halving |
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@cryptoaddictchie. I reckon you do not read much of the news? Justin's $2 million forgivable loan came from Trump's paycheck protection program to help small businesses pay the salaries their employees. My opinion is it is his right to apply for the loan. However, boasting to the Chinese people on Wechat and make it appear that this is an approval of Tron from the American government is a scam. The Tron Foundation has declined to comment on a report circulating in Chinese media that it has received stimulus funding from the U.S. government.
Given the non-denial from Tron, it's possible that the U.S. business entity that maintains the Tron office in San Francisco could have successfully applied for coronavirus relief. Tron also owns BitTorrent, another U.S.-based company, as well as Steemit, Inc., the latter of which is based in New York.Source https://www.theblockcrypto.com/linked/64224/tron-foundation-declines-to-comment-on-coronavirus-relief-funding-report |
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@Naida_BR. Part of my argument is also where would longterm sustainability come from if the real world's economy is in depression? Bitcoin does not pump on its own.
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@capn. It might affect it if bitcoin will continue to be used only as a speculative investment. The cryptospace would be lucky to be supported similar to the fiat printing bailouts hehehe. However, how long would this be sustainable without a healthy economy? According to data from Finanso.se, the market cap of the five banks combined fell from $407.44 billion at the end of December 2019 to $240 billion at the end of March 2020.
The largest bank in Europe, HSBC, alone fell by $47 billion in this time frame, to $114.08 billion. French bank BNP Paribas also lost 40% of its market cap; it fell from $74.03 billion to $42.62 billion.
Banco Santander, the third largest, lost 44% of its market cap in the first quarter of 2020. It fell from a market cap of $66.96 billion at the end of December to $37.55 billion at the end of March. Its net profit fell by 82%.
And Lloyds Banking and ING Group, the fourth and fifth largest banks in Europe, lost over 50% of their market caps. Lloyds fell from $57.97 billion to $26.59 billion, and the Dutch bank, ING Group, fell from $46.96 billion to $20.07 billion.
This is all down to the coronavirus pandemic, which toward the end of the first quarter of 2020 strongly affected Europe. Spain, Italy, the UK, France and Germany are among the worst affected countries in the world, surpassed in infections and deaths only by the US. Source https://decrypt.co/27698/banks-face-huge-losses-due-to-coronavirus |
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@Febo. However, a dissolving community was not the only issue the article implied. It was mentioned that the XRP Army on Twitter is fake similar to farmed accounts and bumping services here on bitcointalk.
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He paid for $4 million to have lunch with Warren Buffett. Why is he asking $2 million from American tax payers? He is also hyping it to the Chinese people?  The grant was for salary protection, which is available to US companies suffering from the effects of the coronavirus crisis, and the money does not need to be repaid, according to the post, published Tuesday.
It was shared and translated by Matthew Graham, chief executive of Beijing-based blockchain investment firm Sino Global Capital.
Graham speculated that, in China, many people would have misinterpreted the award of the grant as an implicit endorsement of Tron from the US government. By some, it would even be interpreted as a savvy move.Read in full https://decrypt.co/27817/us-hands-justin-sun-a-2-million-coronavirus-relief-grant |
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Singapore should be the best example of what the 2nd wave of the pandemic would look like. The country did a good job in containing the virus in the beginning, however, opened their country very early and they had no plan on how to fight it versus the 2nd wave.
I reckon the Las Vegas is being pressured by the powerful casino owners.
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It appears that everyone is hyping up the halving to be the cause of something positively big for the price of bitcoin. However, what if this does not follow the direction that people were made to expect?  "The bitcoin halving is only five days away and in the lead up to this event, we’re seeing a lot of people speculating on what will happen, whether the price will go up or down, or if it will be a non-event," said Danny Scott, chief executive of U.K.-based bitcoin and cryptocurrency exchange CoinCorner
"We’ve actually seen a 21% increase in sign ups during April (from the previous month) which adds to this year's strong growth in the build up to the halving," Scott added.
Elsewhere, the London-based bitcoin exchange Luno claims it will hit 4 million users in coming days—most of whom (75%) expect the bitcoin price to be "higher" or "much higher" by the end of 2020 according to a recent user survey.
The wider bitcoin and cryptocurrency industry is also cheering the coming bitcoin halving, hoping it will bring with it new users and potential sales.Read in full https://www.forbes.com/sites/billybambrough/2020/05/06/bitcoin-halving-bitcoin-could-be-about-to-make-another-major-move/ |
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@JeromeTash. That diagram! How are we certain that Vitalik is not making that confusing for everyone? Do you literally understand it?
Also, what is Eth 2.0's beacon chain? Is this similar to IOTA's coordinator where the developers have the power to shutdown the platform?
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@Harlot. Agreed. However, he might not be wrong on what might occur after the next halving hehehe. It would be clearly disadvantageous for the smaller mining farms if the price of bitcoin does not pump. The skeptical me thinks that this is not a race to get 12.5 BTC before the halving. It might be the big mining farms geting ready to kill the small mining farms after the halving. Bitcoin’s mining difficulty, an indicator of competition among bitcoin miners, also touched 16.10 trillion (T) today, as compared to its all-time high of 16.55 T recorded in March.
It suggests that more miners have joined the race ahead of the halving, which will see mining reward per-block reduce from 12.5 BTC to 6.25 BTC. The halving is expected to occur next week on May 12.
"After the halving, however, the first 1008 blocks will face higher mining difficulty and lower payouts," De La Torre told The Block.Source https://www.theblockcrypto.com/post/64034/bitcoins-mining-difficulty-and-hashrate-near-all-time-highs-ahead-of-halving-hinting-at-increased-mining-activity |
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