I am not following the whole MtGox "refund" thingy, but I know those idiots are dumping coins on exchanges, when the price goes up. Can someone check to see if the MtGox coins moved on the Bitcoin addresses that are known to be in the possession of these MtGox trustees? I would not be amazed if the trustees dropped more coins onto the open market and not onto OTC platforms. They could care less about the influence that it might have on the price, they just want to sell the coins and finalize the refund process.  |
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I do not have any statistics to back my claim, but when an exchange blocked withdrawals during a small Bull run and they had a major hack like Binance, then it would make sense that loads of people would sell their coins, when the withdrawal block was removed.  We had several months where nearly nothing happened with the price and now suddenly it jumps up to $8000+ ...so it is just natural that some people might take some small profits now. This will trigger a domino effect with automated trade bots, thinking that this is the start of a correction phase. |
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I think it is a combination of a lot of things that are happening now. Fidelity and Bakkt are on the brink of taking on institutional investors and this is a early trigger for people to buy coins, before that happens. The trade wars between China & the USA are also causing friction and panic in the global economy and we also had some red flags being shown with Tether and Binance being hacked. Investors are clearly shifting some investments in their portfolio around to hedge against possible losses and in times like this, they look for things that are considered as safe havens.  |
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The best way to "manage" a problem like this is to grow adoption in a natural way and not just by adding loads of speculators and profit hunters, when the Bullrun is in full swing. The large influx of "get rich quick" speculators are causing most of these problems, because they are driving up the price to ridiculously high prices and with the slightest sign of problems, they dump their coins back on the market. So it is simple, stop the speculation and hype and grow Bitcoin adoption with people who understand the technology and wants to invest in the technology. |
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I wonder how you would increase the value of token without ICO. Well, few project has proven thy could do that... let's just put aside.
Even it's not for speculation, you will need to list the token on exchange anyway. So if you hold 50% of token, it will give a bad view for users or traders. They will think you may sell your reserved token whenever you need money or the price is getting pumped hard which you couldn't resist once it get listed on exchange. Or.. maybe you won't list your token on exchanges? I doubt that.
The value increase comes from the utility burn. Did you understand what I ment by 1 cycle, 20 cycles, 100 cycles? The more the platform is used, the more tokens burn, after say 20 cycles, AKA the market cap burnings 20 times, theres only 20% of the total supply left. If everything stays the same (no dumps, no pumps), this is a 5x increase in value. Also if price dumps, tokens burn faster as users are using USD as a reference, so if price dumps from $1 to say 0.1, users are just going to charge 10 instead of 1. The 50% ops will be vested over 2 years (maybe 3). The point is this is not a speculative token off an idea without execution. This is an executed product that needs a market stimulus to get users more engaged in it and create a free market. I think something like this can work if you build a e-commerce store platform with it. So image if someone watch the content and they get rewarded in say the "Boob" token and then they can go to the e-commerce store to buy the movie merchandise and goods that are exclusively provided for people who pay with "Boob" tokens. You will have to build something new and innovative to set you apart from the other video platform services that are offering the same kind of service or this will not succeed. Example : Bob creates a advertisement video for his Crypto toilet paper and he offers discounts for people that pay with "Boop" tokens. How about Bob has a game studio that makes the awesome game "The FalconX Strikes Back", Bob wants 10x more users of his game, so he uses the token to place "The FalconX Strikes Back" at the top of the site, and streamers that stream "The FalconX Strikes Back" get compensated by Bob. The stream cross posts to Twitch and Youtube as well. Bob is happy, he spent a bunch of tokens, but now instead of 1000 people playing "The FalconX Strikes Back" he has acquired 9,000 new users, token holders are happy. 8435 tokens just burned off Bobs transactions for "The FalconX Strikes Back", raising the value. Game streamers are happy, they just earned 70010 tokens collectively. I think you are targeting the correct market segment for this, because "gamers" are constantly looking for extra cash to buy mods and in-game tokens to upgrade their player and/or equipment in the games they play. I would also include a "Tipping" service on this platforms for people who wants to do tutorials or walkthrough's for games and for people to give tips for good content that are streamed. So much scope for innovation in projects like this.  |
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Agreed. I use Electrum and the recommended fees are much higher than what it was a week ago. It is understandable if you look at the Mempool for the last 30 days --> https://www.blockchain.com/charts/mempool-size?timespan=30daysThis is why the Lightning Network was developed, to reduce the amount of micro transactions that are causing this on-chain congestion and resulting higher fees. Let's use the Lightning Network for all the micro transactions and we will have much lower fees for on-chain transactions. |
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Your argument is flawed on so many levels. Legendary members are putting a lot more on the line than lower ranking members, when they are signing up for signature and bounty campaigns. I have spend several years building up a good posting reputation and also ranking up within the forum. Most higher ranking members are also recognised by companies as "experienced" and "good quality" posters. You will not rank up, if your post are of inferior quality. So companies are looking for posters and posts that would draw the most attention and views to increase their advertising exposure and higher ranking members have already proven that they can provide that. The higher ranking members posts are also constantly under scrutiny from lower ranking members and mods and this adds more pressure to contentiously providing high quality posts on a daily basis. |
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I think something like this can work if you build a e-commerce store platform with it. So image if someone watch the content and they get rewarded in say the "Boob" token and then they can go to the e-commerce store to buy the movie merchandise and goods that are exclusively provided for people who pay with "Boob" tokens. You will have to build something new and innovative to set you apart from the other video platform services that are offering the same kind of service or this will not succeed. Example : Bob creates a advertisement video for his Crypto toilet paper and he offers discounts for people that pay with "Boop" tokens. |
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I doubt if "Normies" will be the driving force in the next Bull run, because a lot of them have burnt their fingers in the previous Bull run. I think the entry of more experienced institutional traders, will push the price to the Moon and the "Normies" will be too late for the party. <Institutional investors will use whale trading strategies to manipulate the price and "Normies" will once again fall for that.> We are also seeing that ICOs are entering a more regulated environment with the introduction of Initial Exchange Offerings (IEO) and this will also push the demand for coins. |
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If you are moving 100s of BTC around then you don't mind paying $2 transaction fee to get it done quick. You can afford it. It hurts the rest of us though as we can't. Btc will always be at the mercy of the whales.
I have to agree with you in a way. I spoke to a friend of mine a while ago and he is living in a 3rd world country with a weak currency, compared to currencies in the 1st world. He made a SegWit to SegWit transaction and he paid $2+ in miners fees to transfer 0.01 BTC from one address to another. Their currency <Swazi Lilangeni>to the Dollar was 14:1, so he paid 28 Lilangeni to transfer effectively $80 worth of bitcoin. In his country, he can buy a meal for 3 people with 28 Llangeni, so it is more expensive for people with weaker currencies to use Bitcoin. |
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It is actually not good for Bitcoin when these merchants start to use 3rd party payment processors to accept Bitcoin in their businesses, because they are actually not accepting Bitcoin in reality. This move shows us that there are still problems that needs to be solved, before these companies would be willing to accept Bitcoin directly. Problems include : Bitcoin price volatility / Complexity of the technology / Regulatory constraints / Lack of supporting point of sale plugins for Bitcoin payments. |
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I think the 2 BTC withdrawal is more of a protection method for them to protect their liquidity and to prevent a type of Bank rush scenario when things might go wrong and not much of a KYC/AML regulation requirement. It is also a protection method from large withdrawals, when a hacker finds a exploit and try to withdraw all the coins in one day. It gives them some time to react when people's accounts gets hacked. <They can also shift coins to cold storage, when it gets noticed> One way to get past any restrictions would be to open multiple accounts with family members details. <obviously with their consent> |
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Slightly off topic: Do we have a Discord group? Regardless if official or unofficial, and regardless if it's ChipMixer campaign members only or not.
I don't think so. I would rather see a Telegram channel for the participants of the campaign than a Discord server. Why not make one @DarkStar_? Nah, Chipmixer is all about protecting people's anonymity and 3rd party services like Discord and Telegram are all about collecting and sourcing people's personal information.  Just imagine if we all joined these social media platforms and governments go after you, because you help to advertise for services that helps people to protect their financial privacy.  |
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I see they added a link to the latest Electrum update at the bottom of the wallet, when you open it. People should not simply click on that link, without double checking the URL that it is pointing too. We saw how "default" servers with exploits have been added in the client in previous versions, so it is not unlikely that hackers might edit that Url and replace it with a phishing site. I download all "updates" from the official site or Github repository, so I ignore prompts like that. |
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A day will come when countries realize that most of the Gold in this world are not secured in vaults, but rather that the Gold has been sold to fund wars and preventing global economic collapse. It is already rumoured that the supposed large Gold reserves in Fort Knox is gone! <Audits are not done and the US are very secretive about the Gold quantities that are supposed to be in that vault.> Gold prices are also controlled by large cartels, so a few super rich people or organizations are manipulating the value of Gold owners wealth. |
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1.The curious Satoshi/Solotshi monikers. OK, It's close enough to peak my interest. 2.Both were programmers familiar with C++ It was the most used programming language back then.
3.Both had a strong interest in cryptography and privacy. 1000s of people share the same interest, but it does not mean that they automatically qualify to be Satoshi.
4.Both were wary of authority. When you want to create something that makes it difficult for "Big brother" to decipher, then you will also be wary of authorities.
5.Both had an interest in online gambling – Bitcoin’s initial code had a poker client included. Millions of people gamble, really?
6.Both were well aware of the difficulty with traditional payment systems, Le Roux on account of the illegal prescription drug racket he was running. Would you not focus your attention of payment systems, if you want to launder money?
7.Satoshi’s spelling and language – “analyse, colour, defence, bloody, hard” is consistent with Rhodesian Le Roux’s. I would want to see more evidence of that, Satoshi's writings have been very had to decipher. <British style>
8.Satoshi disappeared in early 2011 to “move on to other things” around the time that Le Roux was transitioning from software genius to cartel boss. So everyone that changed jobs might be Satoshi then?
9.With tens of millions of dollars in cash, Le Roux would have had no need to cash out his BTC once the price began rising. Why has no family member ever tried to sell any of those coins?
10.If anyone could have hidden wallets containing 1 million BTC, it would have been the creator of disk encryption software TrueCrypt. I can hide the same amount of coins on a paper wallet without the use of any encryption knowledge or skills.
Interesting theories, but it will be interesting to see what happens when authorities start to dig a little bit deeper into this. |
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Can those hackers who steal coins from online wallets be identified and arrested? Any news before that anybody were arrested?
The most accurate answer is "NO" but there are exceptions and I think as Blockchain analysis tools improve, exploits in tumbler code might be found to expose many criminals. I use these services to secure my financial privacy, not to hide any crime, so I sleep like a baby every night. A lot of criminals make mistakes and they live high above their reported income, so when they are audited by the authorities, the wheels come off and they get caught. <How can a unemployed guy, drive a $300 000 car?> |
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The recent announcements in the media that institutional trading platforms are gearing up for Bitcoin trading have injected new "hope" into the market and investors are buying more coins to prepare for a big push, before that happens. You got to get into the market, before the bull market start or reach it's peak. We also know that a halving is coming in early 2020 and prior to every halving, the price skyrocket when people are reminded that scarcity is a "real" thing. |
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People who are very concerned with "anonymity" and "financial privacy" use more than one method to "hide" their true identity. If this was true, then you would have seen loads of arrests and announcements of criminals that used Bitcoin for criminal actions in the past. Yes, some of the smaller mixer services might have exploits in their code, but most people are not using these services. The majority are going with the Mixers with a good track history for being secure, like ChipMixer.com. |
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