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6121  Economy / Gambling discussion / Re: NBA 2019-2020 betting on: November 19, 2019, 03:20:49 AM
@stadus. Yes the win from the Bucks is already on the Clippers full game -7.5 versus OKC hehehe. Kahwi will again not play, but Pat Beverly is back and Paul George destroyed the Falcons with 37 points. I reckon good chance the Clippers will beat -7.5.
6122  Economy / Gambling discussion / Re: 🏈🏈 The Essential NFL Thread 🏈🏈 - new poll every week on: November 19, 2019, 02:08:40 AM
@rdbase. I do not know how loved Philip Rivers is, however, the Chargers are sentimental on his retirement and they might be inspired by this.

Those articles on the Chargers and Rivers might also be clickbait hehehehe.
6123  Economy / Gambling discussion / Re: NBA 2019-2020 betting on: November 19, 2019, 01:52:29 AM
@cryptoaddictchie. However, the Celtics will have a harder game to play 2 days after versus the Clippers and they already lost versus Sacramento. Will they rest some players under load management for this game hehehe? Celtics is +3.5.

I bet on the Bucks -3.5 1st half. Another mistake. I hope my Rockets bet will beat the -6 spread.
6124  Economy / Gambling discussion / Re: 🏈🏈 The Essential NFL Thread 🏈🏈 - new poll every week on: November 19, 2019, 01:35:19 AM
who do you guys like for today's matchup?
Chiefs, they need the win since they're on a bye next week and this is a division game as well it might get close but I think Chiefs won't let this one go through easily. They already had a few losses recently and if they lose this one the Raiders have a good chance to take their first spot in the division.

I also have the Chiefs. But -3 on the 1st half, however. This is beginning to appear like a mistake hehehe. I should have taken the full game -4 for almost the same odds.
6125  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Grin Observer - GRN/BTC - Price Movement and Discussion on: November 18, 2019, 03:55:47 AM
I'm not sure I like the narrative that Satoshi supports or is behind Grin's development donations.

Although this makes sense:
Transaction security depends on how much is received by miners in a block. When issuance has reached the limit, I reckon paying high fees for secure transactions will only encourage users to use an altcoin. This will also cause miners to leave because the people that pay them have gone and the issuance in the block as payment for them are gone.

This doesn't:
However, it is a bitcoin replacement. It is a replacement for all cryptocoins that will become insecure when their coin issuances have reached their limit.

You are speculating that in a few years, when 95% of BTC has been mined, somehow Grin will replace it, and all alt coins including BTC will be pegged to Grin?
Or that Grin will be adjusted somehow to act as a 2nd layer solution to BTC?
What happens to BTC/BTC price then is my real question - since you mentioned the word, replacement.

Those quotes' arguments are similar.

It might take longer after all the bitcoins have been mined, however, yes I speculate that Grin will be seen as a replacement for bitcoin for cryptocoin storage and transactions. Grin's monetary policy assures that its security is sustainable.
6126  Bitcoin / Press / Re: [2019-11-12] Bitcoin Mining IPO Could be the New Gold Rush on: November 18, 2019, 03:18:03 AM
At least GPU manufacturers can treat it as a side show though I wonder what their feelings are about being encroached on so violently by a market they had no plans to cater for.

encroached on? increased demand seems like a good problem to have, even if market demand is more volatile. the 2016-17 bull market was a massive boon for companies like NVIDIA and AMD.

Also do not forget that everything does not depend on bitcoin. The risk of owning a stock would also depend on how well the Asic manufacturer's performance is as a company.

The health of the company is solely based on Bitcoin. If Bitcoin isn't going up, there is no real demand for additional mining gear. If there is no demand for additional mining gear, the company stock is worthless. Bitcoin is the center of this whole space. If it's going down, it takes the whole space with it.

that's true---if bitcoin price is consistently trending down. in that case, they are screwed no matter what. but bbc.reporter is right that a bullish bitcoin isn't enough to save a mismanaged company, especially as the manufacturing space gets increasingly competitive.

bitmain's IPO plans always felt like a cash grab to me. they are cashing out ASAP while they're still at the top.

Also, if Bitmain's success depended only on bitcoin, we should go to the source of success. Bitmain's stock would appear like another speculative investment that is betting on the company, that is betting on the success of bitcoin hehehehehe.
6127  Bitcoin / Press / [2019-11-18] Russian Intelligence FSB Linked to $450 Million in Missing Bitcoin on: November 18, 2019, 02:51:29 AM
There might be more behind this story. Why would Russian intelligence claim and collect Wex funds randomly?

I have said before that some exchanges might be created for money laundering with the help of criminal organizations. I did not think of intelligence agencies however hehehe.



In late 2018, Russian-based crypto exchange WEX collapsed amidst accusations of money-laundering the disappearance of hundreds of millions of dollars in bitcoin and other cryptoassets. According to a BBC report published Nov. 15, the Russian FSB intelligence agency may have played a role in misappropriating the lost funds.

WEX was previously known as BTC-e before being shut down in 2017 by international authorities for its alleged involvement in money-laundering activities. Alexander Vinnik, the exchange’s alleged operator, was arrested at the time and accused of laundering more than $4 billion in cryptocurrency since the exchange’s launch in 2011.


According to the BBC report, WEX/BTC-e co-founder Alexey Bilyuchenko says he was forced to hand over information about customer’s digital wallets to members of the FSB in 2018, which the intelligence agency allegedly used to obtain more than $450 million in user funds.

Bilyuchenko reportedly received multiple calls threatening to close the WEX exchange if he did not comply. According to the report, the WEX co-founder was taken to FSB offices in Moscow over the course of three days in April 2018, where he handed over flash drives containing details on accessing exchange user funds.

Bilyuchenko says he was told that WEX client money would be transferred to the “FSB Russia Fund.” Several months after handing over the data, WEX froze customer funds and withdrawals, before completely shutting down in late 2018.


Read in full https://www.cryptoglobe.com/latest/2019/11/russian-intelligence-agency-fsb-linked-to-450-million-in-missing-wex-crypto/
6128  Economy / Speculation / Re: Speculating with Tom Lee on: November 18, 2019, 02:02:07 AM
Is $150,000 Tom Lee's longterm price speculation for bitcoin hehehe? I reckon that a 1,670% increase might not be possible anymore. This would require substantial risk and pumping. How much fiat did it take for bitcoin to be on $20,000 and how much more would it take to be on $150,000?



Bitcoin would need to surge past $150,000 per coin to make an exchange-traded fund for the cryptocurrency work, Fundstrat Global Advisors co-founder Tom Lee said, according to Bloomberg. Such an advance would mark a roughly 1,670% increase from current levels.

Several firms look to ride the hype behind crypto-coins through related ETFs, but the Securities and Exchange Commission has mostly stifled attempts to form such alternative assets. The $200 billion crypto sector enjoyed a moderate recovery from an early-fall trough, but it still has a way to go to meet demand necessary for an ETF, Lee said.

"The SEC needs to punt the ETF until crypto becomes bigger," Lee reportedly said at conference in Singapore on Friday, adding that "demand for an ETF is monstrous."

Large fund releases can bring in around $13 billion in first-year demand, and the buzz around cryptocurrencies remains healthy, according to Lee. His $150,000 estimate requires a 1,670% gain from bitcoin's current price.


Read in full https://markets.businessinsider.com/currencies/news/bitcoin-needs-to-hit-150000-for-etf-possible-tom-lee-2019-11-1028694339
6129  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Grin | PoW Mining | Electronic transactions for all. Community driven. on: November 17, 2019, 04:09:50 AM
Today the Dev fund received 50BTC from an unspent mined block in december 2010 !




How amazing is it to see that a whale, early adopter of BTC is that fond of GRIN.


TX ID :
Quote



I did some research and back in December 2010 there was only 2400 members registered on the forum.

But realistically between registering and mining a full block I believe the learn curve (at that time) would be 2 months.

So members registered before October.... Which mean when the forum only had 1700 or less members.


And if it the same donator than the previous 50 BTC  ( https://www.blockchain.com/btc/address/18FufdutXggR2EgBuu6xRvL15kmpaPzfTQ)

It means that a serious whale (why would someone give more than 10% of his total holding) with maybe north of 1000 btc is supporting Grin.



Wow that’s a pretty nice and hefty donation I’m with you something must be brewing. Grin is a great project so not really surprised hope to see a updated roadmap

You stop hyping, nothing is brewing. It was only a donation. However, something will begin brewing when bitcoin's rewards for miners will be very small and when they also begin relying on the fees for financial support.
6130  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Grin Observer - GRN/BTC - Price Movement and Discussion on: November 17, 2019, 03:35:01 AM
The donation is almost half a million dollars in today's Bitcoin price. That is a large sum of money for a donation. Only a large holder of Bitcoin can easily give away anonymously. This tells me that the donor is a very early Bitcoin holder whom is hedging on Grin to be a possible Bitcoin replacement - not really sure though.

That's an extremely small sum for such an extended development timeline not to mention the goal. There will need to be more such infusions over the years.





Agreed. However, they also say that Satoshi's wallets hold millions of bitcoins. There will certainly be more 50 bitcoin donations going to Grin's development team hehehehe.
6131  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Grin Observer - GRN/BTC - Price Movement and Discussion on: November 16, 2019, 03:12:29 AM
@ePesoInitiative. However, it is a bitcoin replacement. It is a replacement for all cryptocoins that will become insecure when their coin issuances have reached their limit.

Transaction security depends on how much is received by miners in a block. When issuance has reached the limit, I reckon paying high fees for secure transactions will only encourage users to use an altcoin. This will also cause miners to leave because the people that pay them have gone and the issuance in the block as payment for them are gone.
6132  Bitcoin / Press / Re: [2019-11-13] Bitcoin Getting Favored by Retirees in Australia Despite Volatility on: November 16, 2019, 02:36:24 AM
bbc.reporter, my money is just mine, and I can do with it whatever I want, throw it in the river, invest in Bitcoin or store it under a mattress. But when we look at how Bitcoin has progressed in terms of price in the first ten years of its existence, those who invested only 3-4 years ago could profit 100 to 200 times on their investment.

If I'm 50, why not risk some of the money for potentially more enjoyable retirement life, than trusting in a pension system that is in big trouble. Small pensions and an increase in working life to 67 (in the EU) with the encouragement of retirees to working after retirement, only means that people will go directly to the cemetery from work.


I do not care where you invest your money. I was talking about the articles that make it appear that retirees' investing in bitcoin is always advisable. Those articles are hyping to encourage pumping which will always certainly go on to the dumping.

6133  Economy / Gambling discussion / Re: NBA 2019-2020 betting on: November 16, 2019, 01:03:17 AM
@Natalim. Your bet might be good. The Rockets might not have Russel Westbrook and House, however, they might beat the -3 1st half spread only with Harden hehe.
6134  Economy / Gambling discussion / Re: 🏈🏈 The Essential NFL Thread 🏈🏈 - new poll every week on: November 16, 2019, 12:37:05 AM
Crazy this happened with 8 seconds left in the game. Wonder how many games Garrett will be suspended for this now. Looked like Mason Rudolph tried ripping his helmet off 1st and pissed Garrett off.

He only did because Myles Garrett unnecessarily took down a quarterback, who was having a very bad performance, with a team who has already lost 21 - 7 with no chance on the last seconds of the game.

There was bad intent from Garrett and using Rudolph's helmet to beat him as a reaction is assault.
6135  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [AEON] Aeon Speculation on: November 15, 2019, 03:31:32 AM
@sammy007. The risk of investing in Aeon is very high because it is very illiquid. It should be listed to more big exchanges. This is not fud, this is honesty.

@estenity. Bitcoin was pumped similar to an altcoin. It was only dumped similar to an altcoin also. Anyone can speculate on the many different reasons for it, however, the dump after the pump will always occur.
6136  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Grin Observer - GRN/BTC - Price Movement and Discussion on: November 15, 2019, 02:18:01 AM
It is $1.56 (+10%) right now. Wasn't this $1 not long ago? Why is the pump? Looks like bulltrap to me tbh but who knows... Maybe grin will lead the next crypto bull run. Grin

The reason of this pump can be explained with a 50 BTC donation by an anonymous Bitcoin veteran. The Bitcoins donated where moved last time in 2010. Some even speculated that it could have been Satoshi, but to be honest, the 50 Bitcoins were send from Coinbase exchange to the address in 2010 and I doubt Satoshi even used Coinbase.

https://www.grin-forum.org/t/donation-to-the-grin-general-fund-nov-11/6446

He was not referring to Coinbase the exchange hehehe. He was saying that the donation came from a coinbase transaction. The 50 donation came directly from one of the early generated coins by an early bitcoin miner.

Charlie Lee is hyping this as a Satoshi donation hehe.

6137  Alternate cryptocurrencies / Altcoin Discussion / [NEWS] Ethereum 2.0 tokens could be securities, warns CFTC chairman on: November 15, 2019, 01:46:12 AM
I predict that either Ethereum 2.0 will become similar to the bitcoin ETF applications, always delayed or Vitalik and his team will do what Dan Larimer and EOS did, pay the settlement fee to the SEC hehehe.



Heath Tarbert, chairman of the U.S. Commodity Futures Trading Commission, sounded out a warning yesterday over the potential for staked tokens (i.e. the coins that support proof-of-stake blockchain networks) to be classified as securities.

And while the CFTC head has previously said that Ethereum, in its current state, is likely not a security and should be classified as a commodity, things are less clear for the next iteration of Ethereum.


Read in full https://decrypt.co/11432/ethereum-2-0-tokens-could-be-securities-warns-cftc-chairman
6138  Bitcoin / Press / Re: [2019-11-13] Bitcoin Getting Favored by Retirees in Australia Despite Volatility on: November 15, 2019, 01:09:37 AM
@Lucius. Agreed. However, the way articles are written on the topic of bitcoin used to hold retirement funds makes it appear that holding bitcoin is good and advisable. Those retirees might only be gambling with their savings for that one last try.
6139  Economy / Gambling discussion / Re: 2020 NBA Season on: November 14, 2019, 03:38:36 AM
@gabmen. It would be something to be excited on if Doc Rivers will have Kahwi load management Leonard together with Paul George on the court. Let us wait for injury updates hehehe.
6140  Economy / Gambling discussion / Re: 🏈🏈 The Essential NFL Thread 🏈🏈 - new poll every week on: November 14, 2019, 03:23:28 AM
The Steelers are better in defense than the Bills. Why are the sportsbooks giving -3.00 favoring the Browns again versus the Steelers?

This game should be on the poll hehe.
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