Tether could drop to $0.75 or $0, it all depends on whether it is fully backed or they can make people believe so. I would not hold large amounts of tether because it has always been a shaddy operation.
USDT was always backed by real US dollars. The issue was not about Bitfinex was printing money from nothing. This is fud sensationalized by the bitcoin news media. The real issue is Bitfinex have their $850m taken by a questionable money processor and Bitfinex covered the loss with real US dollars from their Tether fund without informing their users and investors. |
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This institution is funded by a lot of firms like Google, Philips Morris, Airbus, even by the USA department. This think tank is not so independent. (It's the same problem with Interpol) Always the same story: Bitcoin and illegal activities, a pure fear business.
The administrative loopholes could be quite easily fixed with adapted laws, Asian countries will feel 'safe' somehow. But from the North Korea point of view, it won't change a lot, they will 'exploit' another channel, and there are a many (OTC, etc,) they're sure other countries doing the same but nothing about them btw.
However, we do not need fixes. It is the people who run the world who need these fixes to make it easier for them to control bitcoin and stop it from being a real threat on one of the big banks' biggest business. Money laundering. |
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Spoiler. Stop reading if you have not seen the 3rd episode.
I reckon when the writers chose to kill the Night King, the show will be very predictable from the 4th to the last episode. Jaime will die first, Sandor will kill Gregor and Jon Snow will sit on the iron throne. Lazy writing.
The writers wanted to finish it with the easiest storyline to make.
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My skepticism might sometimes get the better of me. However, my first reaction to this article is that some people in power will spread fear to manipulate everyone to support in having what they want, to pass the legislation that they need to formulate their corrupt polices. I predict another fud article about the North Korean nuclear program is funded with bitcoin coming soon hehehe.  North Korea could represent a danger to nations over Southeast Asia as it hopes to misuse digital currency trades because of loopholes in administrative systems.
The exploration from the Royal United Services Institute (RUSI)finds that as North Korea keeps on dodging worldwide approvals. It’s directing its concentration toward cryptographic forms of money like bitcoin. Because of the nearness of Southeast Asia to North Korea, this makes it helpless against the country’s digital currency action.
“Since Southeast Asia also features a nascent but burgeoning cryptocurrency industry, local law enforcement agencies will likely require further knowledge and resources to ensure that they can successfully respond to cryptocurrency-related criminal activity over time should the local cryptocurrency industry continue to grow in scale,” the report reads.Read in full http://www.coinnewsasia.com/north-korea-exploits-southeast-asian-cryptocurrency-exchanges/ |
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@gentlemand. I agree, however, between Bitfinex and the big banks JPMorgan and Goldman Sachs which might be the hidden executors behind this case, I choose Bitfinex to win. It would send a message that the cryptospace will not be impaired by them with all their political power and connections.
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@figmentofmyass. How about Goldman Sachs, which has an investment in Circle, which also owns Poloniex and has issued its own stablecoin USDC?
There is also JPMorgan that will be releasing its own coin which might be another stablecoin. I reckon the 2 of them have the political influence in New York to use to attack Tether.
maybe but honestly, i don't think it's a conspiracy. i think they just see the writing on the wall and plan to swoop in on tether's market share when the feds eventually take them down. it's only a matter of time. they're mixed up with drug cartels and hide everything they do behind shell companies with zero transparency. i'm not sure the NYAG can do much, but the launch of CFTC-regulated futures markets put bitfinex/tether in the sights of the CFTC and DOJ, who are investigating them as we speak. Agreed, only another business decision to kill the competition by the ruling class and the politically connected with the help of a corrupt government hehehe. I stand for Bitfinex to win this case. It will be good for the freedom of the cryptospace and Bitfinex is the lesser evil compared to JPMorgan or Goldman Sachs. I hope some people know this and do not listen to too much mainstream media. |
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I am sorry for your loss. Is it the money or the character, I shall not spoil it hehehe.
No spoilers. It was a good episode, however I was a little disappointed. I reckon that storyline should have been expanded. I reckon they can make it a season long storyline.
Spoiler discussions tomorrow hehehe.
Will update the odds tomorrow as I don't want to give any spoilers away for now, but that was one hell of an epic episode. Will be interested to see how some of the previous bets are settled! Ronnie @ CloudbetAgreed! However it was disappointing that his storyline has ended. I thought we were going to see him chase everyone while our heros were retreating from kingdom to kingdom and he destroys all the castles in his way before arriving to King's Landing. @Jgod. No. @mich. She might already be pregnant hehehe. |
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@gentlemand. Bitfinex had no choice, however. Their banking partners of the past always relieved themselves and stopped further dealings with Bitfinex to avoid being the target of regulators.
@1Referee. Would you say that a direct attack on Tether is an indirect attack on bitcoin and the cryptospace market?
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Why the heck are you people talking about $ value?
Makes zero sense for grin.
50k sat broke, we are looking for a new bottom :S
Why is it zero sense? Miners pay for their mining costs in fiat. The lower grin's value in fiat, the more coins the miners require to dump and the more pressure that creates on the market. |
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IMHO XRP is a great coin for the speculation) Don't care about centralization) Almost all coins now depends on 1 person. Remember rumors about Buterin car crash?
But agree, this holy war is simply beautiful)) On the one hand, the adepts under the banner of the other BTP order tapliers  IMHO if anyone thinking that in crypto there some coins that truly decentralized (Except maybe BTC) they are just fanatics) All coins linked with big money from the fiat world) Actually, BTC is one of more centralized ones, both by pools (3 or 4 big ones can do 51% attack), and by country (China alone can attack it) Agreed! Bitcoin mining is becoming centralized. However, this does not change that Ripple is a centralized platform. It will only stop being centralized if Ripple finds a decentralized consensus process on adding nodes in the Trusted Nodes List. |
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@LTU_btc. This will also be another boring season, I reckon.
Also, maybe Toto Wolff wants his own Michael Schumacher similar to Ross Brawn and wants Lewis to break Michael's driver's championship record.
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I am sorry for your loss. Is it the money or the character, I shall not spoil it hehehe. No spoilers. It was a good episode, however I was a little disappointed. I reckon that storyline should have been expanded. I reckon they can make it a season long storyline. Spoiler discussions tomorrow hehehe. |
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@figmentofmyass. How about Goldman Sachs, which has an investment in Circle, which also owns Poloniex and has issued its own stablecoin USDC?
There is also JPMorgan that will be releasing its own coin which might be another stablecoin. I reckon the 2 of them have the political influence in New York to use to attack Tether.
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In simple words, Ripple admits that currently it's centralised but in future, it'll be decentralised.
Interesting.
Or, even simpler, Ripple currently runs 26% validators, while only 3 biggest BTC pools control enough hashrate to make 51% attack So you need either 17 players to attack XRP, or 3 to attack BTC However, the people behind Ripple decides who becomes a trusted validator to include in their Trusted Node List. This is the reason why the Ripple platform is centralized. Also, where can we see the list of all validators and who is included in the Trusted Node List? @JollyGood. Agreed. Ripple might make you a lot of bitcoins or fiat similar to other altcoins in the bull market, however, this is not the argument. |
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Reading between the lines, I reckon that this fud had the real purpose of trying to damage Tether and USDT. How politically influencial are the Winklevoss brothers in New York? They might want the whole Tether stablecoin market conquered by their own Gemini stablecoin.
Also, why is no one mentioning of the fraud that Cryptocapital did to Bitfinex? Will the New York attorney general also investigate that?
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@bigslimvdub. It was Bitmain testing their hardware all along hehehe. In any case, this is the beginning. I would expect other Asic manufacturers to follow also. Sold all AEONs out.
Sorry guys...
I am sorry to see you go. You might be late, however. Aeon appears to be stable and I reckon it might be the time to begin buying again. |
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42k sats and all is well...
40000 - 42000 satoshis is a very good range to accumulate Grincoin, that got attention of theymos since its start and added as the second payment means for Copper Membership in the forum. I missed the flight of Grin coin months ago (early of 2019). It is not actually because I did not see or hear about Grin coin, its mainly due to my hesitation to invest into such very young altcoin, at extreme high price. So, I decided waiting to see it falls and my chances to fill my bag with cheap Grin coin. Now, it's the time to do it (just in my opinion, and for my portfolio). I don't suggest anyone else to buy the coin, instantly because it is probably that Grin coin will stuck there for weeks, or even months before accumulation in the range finish. However, you should not forget Grin's monetary policy which was designed to make the coin's price low for the first 25 years, I reckon. Theymos also said that it might fall to $0.50. It also has low demand, no acceptance and the wallet is not easy to use for newbies. |
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However, who decides which nodes, which they call validators but are not automatically validators, are included in the Unique Node List, which should be called Trusted Node List. Who?
Read this from your link.
It's important to understand that merely issuing validation messages does not automatically give your validator a say in the consensus process. Other servers ignore your validation messages unless they add your validator to their Unique Node List (UNL). If your validator is included in a UNL, it is a trusted validator and its proposals are considered in the consensus process by the servers that trust it.
In any case, do not worry. You will understand in time.
Congrats on cherry picking only parts that prove your point. For clarity, and for ofher people in this thread that would maybe like real info instead FUD, allow me to copy/paste what you omit: "Which UNL should I select? Since anybody can run a validator, the burden is on the network participants to choose a reliable set. Currently, Ripple provides a default and recommended list which we expand based on watching the history of validators operated by Ripple and third parties. Eventually, Ripple intends to remove itself from this process entirely by having network participants select their own lists based on publicly available data about validator quality.If Ripple recommends adoption of its UNL, doesn’t that create a centralized system? No. The XRP Ledger network is opt-in. Each participant directly or indirectly chooses its UNL. Should Ripple stop operating or should Ripple act maliciously, participants could change their UNLs to continue using the XRP Ledger" Keywords are currently and eventually. In this moment in time Ripple is centralized. Only Ripple chooses who to be included in its Trusted Node List. It is also only Ripple who distributes and decides who or where to distribute the undistributed tokens in the platform. I am not cherry picking. |
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LMAO
Don't laugh, maybe he was away for a year or two and didn't follow latest developments regarding Ripple and XRP Maybe he was laughing because Sling Blade looks similar to Ripple's chief cryptographer hehehe. I do not follow Ripple closely. However, unless their developers open the validation process to everyone, Ripple is a centalized payment system and this might make it easier for the SEC to shut it down. Its open to everyone for quite a long time https://developers.ripple.com/run-rippled-as-a-validator.htmlthere is difference between ordinary and trusted validators, but even if you start as ordinary one, you still have a role in network However, who decides which nodes, which they call validators but are not automatically validators, are included in the Unique Node List, which should be called Trusted Node List. Who? Read this from your link. It's important to understand that merely issuing validation messages does not automatically give your validator a say in the consensus process. Other servers ignore your validation messages unless they add your validator to their Unique Node List (UNL). If your validator is included in a UNL, it is a trusted validator and its proposals are considered in the consensus process by the servers that trust it.In any case, do not worry. You will understand in time. |
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