@pooya87. I am shaking my head on that explanation. The question was if bitcoin's real volume was only 6% of the fake volume, would it be not very possible for the $8.81b of total USDT printed to pump, manipulate or support the price of bitcoin? Also, what do you speculate would occur if Bitfinex, Ifinex and Tether were sentenced and ordered to remove all their stablecoins from the cryptospace? This might be a very dangerous situation we are in because Ifinex, Bitfinex and Tether might only be shell companies as reported in this article. Address 1: Suite 13/F, 1308 Bank of America Tower, 12 Harcourt Road Central
When we get back to the first floor, we recheck all the signage and office listings to see if iFinex is anywhere to be seen. It isn’t. We ask the guards if there’s a iFinex somewhere in the building, perhaps unlisted. “No,” they tell us.
Address 2: Easey Commercial Building, Suite 1902, 253–261 Hennessy Rd., Wan Chai
J & C (HK) Business Limited is printed on the opaque window framed within the door. We knock and a faint voice says something in Cantonese. The tonality makes me think we’re welcome. Besides, door’s unlocked. Inside is a small office with a few desks, fluorescent lights, a water cooler, and a printer. In back are two even smaller, empty offices with their doors open. Two 40sish Chinese women stare at us, not sure why we’re there.
“Hi,” I finally say, “we’re looking for Bitfinex. Is this Bitfinex?”
The woman nearer speaks up. “What?”
“Uh…” I start using my hands like an idiot, pointing at the floor and all around, as though it’ll translate better, “Is this Bitfinex?”
Address 3: Room 803 K Wah Centre, 191 Java Rd., North Point
A Chinese woman, again in her 40s, again surprised to see two Westerners, opens the door enough to speak with us. Her English is perfect. “Hello, can I help you?”
“Yes,” I say, “we’re looking for Tether. This is the listed address. Is this Tether?”
She shakes her head no, “No, no.”
“I see, and do you work with Tether? Are they a client?”
With every question she seems more suspicious. “No,” she says, “I have never heard of Tether. Sorry. Have a nice day.” She shuts the door and walks away.Source https://medium.com/@thecaspiancey/finding-finex-3eefac0d45a2 |
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Similar to Dovey Wan's skepticsm in her tweet, I speculate that there might be a hidden reason about this legislation.It might cause to gain technicalities in the law that might give the Chinese government the right to know and investigate your wallets. It might also be as simple as making bitcoin inheritance as taxable hehehe. In any case, Dovey Wan was the first person to expose the Plus Token scam. Everyone thought it was invented fud when it was reported in this forum.  Earlier this week, locals reports suggested new civil legislation had been submitted for the government’s approval, including “virtual assets” in the list of items that could be passed down. The law was adopted in a now-concluded parliament meeting, as Beijing’s Xinhua Net confirmed on May 28.
In the third sessions of the Thirteenth National People’s Congress presided by President Xi Jinping, China updated the country’s existing civil code; new legislation that now includes “virtual currencies” as part of a citizen’s civil rights. The drafts were first submitted on May 22 to the committee, after “years of deliberation.”
This means if a Chinese citizen holding Bitcoin, Ethereum, or any other digital asset dies, his “will” would legally allot all holdings to a nominated person. Other “internet”-based properties, such as in-game currencies, can also be passed down.Read in full https://cryptoslate.com/china-parliament-passes-law-allowing-inheritance-of-bitcoin-and-cryptocurrencies-a-changing-crypto-narrative/ |
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However, would it continue to be a secondary issue during the 2020 presidential election? I speculate that his mental fitness might become the biggest issue if Biden will do the accidental gaffe during the debates versus Trump hehehe.
Back in 2016, it was Hillary's election to lose. And this time, it is Biden's turn. The Demography within the United States has changed so much to the extent of giving a major advantage to the Democrat candidate. Unless Biden makes some big blunder, he should win. But as you pointed out, if he makes some political gaffe, then it can turn around the election narrative and give advantage to Trump. It might not only be that issue. This coronavirus pandemic appears to show that America needs a war time president. I speculate that the independent voters might stay with Trump to avoid the risk with Biden. Trump has been a little successful in pressuring China in their trade deals. Also, the Hunter Biden China issue, the General Flynn issue and other issues under Obama. This might not be good for the democrats during the presidential campaign. Trump's main issue against him might be the poor handling of the pandemic. This issue is easy. Blame China hehehee. |
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Thank you for your honesty. This does not change my opinion on the importance of the role of the grin project on the cryptospace. Its monetary policy is the game changer, I reckon. I speculate that the team has timed grin's inflation for bitcoin's 2024 halving hehehe. It's very close to Bitcoin in the first decade
The first four years of Bitcoin emission rate are identical to the first four of Grin. Bitcoin had a full reward for 4 years, followed by half that for the following 4 years. So compared to a constant supply, after 8 years, the total amount of coins emitted is only 33% less.Source https://github.com/mimblewimble/docs/wiki/Monetary-Policy |
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This news article is more positive hehehe. In any case, would it be good to follow Gray Scale's list of altcoins that they are holding? I reckon that they might be indexing and Barry Silbert's ego might cause him to keep supporting the price of those coins hehehe.  According to Kevin Rooke, Grayscale has been buying up a lot of BTC in recent weeks.
So much even that more Bitcoin has been purchased compared to the amount of BTC generated by miners since the block reward halving.
With nearly 19,000 BTC bought by Grayscale, and under 13,000 BTC minted on the network, there is a very intriguing discrepancy.Read in full https://nulltx.com/grayscale-buys-800-more-bitcoin-compared-to-q1-2019/ |
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@pooya87. You are correct! This is an old report created on March 20 2019, however, during the time it was made the reported volume for bitcoin was $6 billion and the real volume was $273 million. The ratio might also be similar today hehehe. List of exchanges with real volume is mentioned in page 61. In any case, the exchanges that gave real reports on bitcoin volume that use USDT were Binance, Bitfinex, Poloniex and Bittrex. I would not speculate that the volume for USDT was only on 2%, however. Binance and Bitfinex had much of the volume out of the 10 exchanges that had reported real volume. Source https://www.sec.gov/comments/sr-nysearca-2019-01/srnysearca201901-5164833-183434.pdfAlso, if the real volume was only 6% of the reported volume, would this not be easier for the tether printers to manipulate the market? |
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Everyone be careful. This is how money laudering works. They pay you a fee to move dirty money under your names to a sportsbook or a casino and then cashout.
It might also be someone who had his sportsbook accounts limited because winning too much hehehe. In any case, be careful.
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@Dpat. Agreed. You can tell everyone that Ripple is a good coin because it is fast and user friendly, however, you cannot tell everyone that it is decentralized. The Ripple company markets it as decentralized. They are scamming you.
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@rdbase. That type of censorship is clearly bad, yes. It will also push away big users. Joe Rogan has already leaving youtube and has made a deal with Spotify for $100m. The deal might only be for the money, however, Alsx Jones who is a close friend of Joe Rogan said that it was because of the needless censorship.
Alex Jones' info wars show was also banned in youtube.
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There is a real chance that the remaining primary contests may be called off. In that case, Biden with 1566 out of the 2704 (58%) of the delegates declared so far will be confirmed as the Democrat nominee. I don't think that any of the other candidates are going to challenge this decision, especially as Bernie has endorsed Biden a few months back. If there is no unforeseen emergency, such as health issues, then Biden will be the Democrat candidate.
But these health issues is exactly what OP considered when placing his bet on a different candidate. And that's something a lot of us here in this thread agree on: Joe Biden's not really in a condition to run a country. Even now he already makes weird statements sometimes and gets things mixed up. But the thing is not over after the election in November. Quite the contrary. The real work for him will only have started. Beeing president is a hard and stressful job. If Biden really gets elected, I doubt he'll be able to serve the full 4 years term. Even if he is having health issues, the media is not going to highlight them. And in a country which is sharply polarized such as the United States, health concerns are always secondary. The Trump presidency since 2016 has polarized the Americans like never before. Now we have only two types of people. Those who want to elect Trump and those who don't. Whether Biden is healthy enough or not, is simply irrelevant here. However, would it continue to be a secondary issue during the 2020 presidential election? I speculate that his mental fitness might become the biggest issue if Biden will do the accidental gaffe during the debates versus Trump hehehe. |
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Ripple users cannot be their own bank because Ripple is centralized. It controls permission on who becomes a validator, control all the rules and the company behind Ripple controls the issuance of XRP.
I reckon many people have a widespread shortage of understanding of basic concepts on the cryptospace.
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However, is education their only goal on their recommendations and future recommendations for the SEC? I am skeptical. This will also be the beginning of the legal and regulatory infrastructure for proof of stake coins in America. I predict if the alliance is successful, it might become a big influential lobbyist for cryptospace law and bill proposals. This is very dangerous for the projects not included in the alliance hehehe.  Evan Weiss, founder of the Proof of Stake AllianceThe Proof of Stake Alliance (POSA) is a very niche trade association on Capitol Hill in the blockchain space. The alliance of Coinbase Custody, Cardano Foundation, Polychain and Tezos, and others such as Bison Trails, AVA, Binance.US, and the Web3 Foundation, among others, looks to provide regulatory clarity around how securities laws at the SEC apply to certain blockchains.
The founder of POSA spoke at Consensus Distributed, a week-long virtual conference, about their goals with the SEC as well as a white paper that was published, and also how they hope to provide standards as well.
Originally reported in CoinDesk, the group’s founder, Evan Weiss, who is also Chief of Staff at Bison Trails, stated the idea the group seeks to convey to the Securities and Exchange Commission (SEC), that entities using stake networks should be seen as service or infrastructure providers, rather than financial product providers.
Weiss noted the group shared recommendations with the SEC, including the idea that investment advice should not be provided to market participants or view staking rewards as a ‘profit opportunity’ and no guarantees on staking rewards.Read in full https://www.forbes.com/sites/jasonbrett/2020/05/14/proof-of-stake-alliance-posa-meets-with-sec-on-blockchain-consensus-designs/#35a29ddf4ed8https://www.proofofstakealliance.org/ |
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I had an idea that Google is going to create its own crypto environment in the future, so they are suppressing the competitor now.
Google is not only censoring news and videos about bitcoin, the censoring also occurs on independent news creators. I reckon that Google is doing this for their politcal agenda. They only want the political storyboards that are similar to their political views. |
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@JollyGood. The replies in here are similar to the replies since the ending of the fight hehehe. Can you change the poll to what fight do you want to have for Tyson Fury? The options clearly being Anthony Joshua and Deontay Wilder hehehe.
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The conclusion of this study by the academics in U.C. Berkeley contradicts the real occurences on the cryptospace. Tether has the highest volume and it is predominantly the supporter of the whole cryptospace market, however, it cannot affect the price's inflation or collapse? I am very skeptical on this study. Zhao Dong, vouches for Bitfinex bank balancesStablecoin issuances do not push up the price of bitcoin or other cryptocurrencies, according to research funded by University of California Berkeley’s Haas Blockchain Initiative.
In their report, issued Friday, Richard Lyons, U.C. Berkley’s chief innovation and entrepreneurship officer, and Ganesh Viswanath-Natraj, assistant professor of finance at the Warwick Business School, found stablecoins serve as tools for investors to react to market movements and not as drivers of price inflation or collapse.Read in full https://www.coindesk.com/stablecoins-arent-inflating-crypto-market-study-concludesYou read that study and also read this article. These journalists are confusing hehehehe. Tether stablecoin settled $212 billion worth of value in 2019.Read in full https://www.theblockcrypto.com/linked/66326/tether-stablecoin-settled-212-billion-worth-of-value-in-2019 |
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@The Pharmacist. Bitfinex claimed that tether is backed 100% again. However, the evidence might only be snapshots on certain dates hehehe. Source https://www.coindesk.com/tether-says-its-stablecoin-is-fully-backed-againIn any case, there are bull and bear tokens created by ftx.com. They are tokens based on a 3x leveraged position on bitcoin. The problem is the only markets available are paired with USDT. This cancels the idea of the bear token for The Big Short scenario hehehe. |
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@carlfebz2. However, who was the real winner? Bitcoin, I reckon hehehe. She was induced by the people to talk about it in front of her millions of followers.
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