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6981  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Grin | PoW Mining | Electronic transactions for all. Community driven. on: March 06, 2019, 01:56:00 AM
@RivAngE. Hehehe well it might help in having Grin's price float above the market average if that makes you happy.

In any case, those dumping miners are not to be blamed. They also want Grin to be higher, however they have no choice, they need to get some profit where they can.
6982  Economy / Gambling discussion / Re: UFC 235: Jones vs. Smith Prediction and Info Thread on: March 05, 2019, 03:42:11 AM
It appears that Dana will have numerous exciting storyboards for the welterweight division after Tyron's loss hehehe.

I speculate storyboards for Ben Askren, Wonderboy, Darren Till and Santiago Ponzinibbio to fight for a championship within 2 years.

Dana has also already declared that Colby Colvington will be Kamaru's next fight.
6983  Bitcoin / Press / [2019-03-05] WEX used to launder money from SamSam Ransomware, up to $6 million on: March 05, 2019, 03:05:47 AM
From the QuadrigaCX exit scam to moneylaundring on WEX and all other exchange scams, I reckon some exchanges might be working together to move different cryptocoins around for criminals.

It will be hard to connect the dots, however maybe future blockchain analytics leader Coinbase can help hehehehe.



NewsBTC has reported that the controversial crypto exchange WEX, which was formerly BTC-e, has been used to launder some $6 million worth of Bitcoin acquired by criminals during a series of ransomware attacks last year under the name SamSam. The attacks are believed to have been performed by an Iranian hacker group and two men have been identified by the US Department of Justice.

The men thought to be involved are Haramarz Shahi Savandi and Mohammad Mehdi Shah Mansouri, and both apparently have links to WEX. This information comes form a report put out by respected firm, PricewaterhouseCoopers.

From the report:

"We identified this Iranian money laundering operation as having links with currency exchange WEX (previously known as BTC-e)… WEX is most notably known for its alleged involvement in the threat actor tracked by PwC as Blue Athena, and being responsible for cashing out 95 percent of all ransomware payments made since 2014."

It seems other small exchanges were used to launder crypto as well. The total the group stole from the SamSam attack is somewhere around $30 million, but only $6 million went through WEX.
.

Read in full https://www.chepicap.com/en/news/7889/wex-used-to-launder-money-from-samsam-ransomware-up-to-6-million.html

Read the report https://www.pwc.de/de/strategie-organisation-prozesse-systeme/strategic-intelligence-bulletin-airing-digital-currencys-dirty-laundry.pdf
6984  Economy / Scam Accusations / Re: [2019-02-06] Locked bitcoins in QuadrigaCX might be another exit scam. on: March 05, 2019, 02:31:42 AM
News update. I reckon QuadrigaCX did not do an exit scam, however, it was a scam or it was running a scam hehehe. It appears that from the reported updates, QuadrigaCX never stored all of the users' coins in the exchange but used other exchanges to store the coins.

It was not clear why, however this appears to be part of another money laundering scheme or a basic scam.



QuadrigaCX, the Canadian cryptocurrency exchange that purportedly lost $250 million CAD ($190 million USD) of customer funds when the company’s CEO died, was appointed the professional services firm Ernst & Young (EY) as their monitor by court order on February 5, 2019.

The Big Four auditing firm has since released 3 reports in the creditor protection proceedings of QuadrigaCX. The third report was released on March 1, in which the firm identified 6 crypto Quadriga wallets primarily used to store Bitcoin (BTC).

What’s interesting is that out of the 6 wallets identified, all but 1 received no deposits and were inactive since April 2018. There was only 1 wallet that had an inadvertent Bitcoin transaction of nearly $500,000.

The third Ernst & Young report states:

“To date, the Applicants have been unable to identify a reason why Quadriga may have stopped using the Identified Bitcoin Cold Wallets for deposits in April 2018, however, the Monitor and Management will continue to review the Quadriga database to obtain further information.”


Source https://www.investinblockchain.com/quadriga-update-wallet-empty-unused-since-april-2018-ernst-young/
6985  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Grin | PoW Mining | Electronic transactions for all. Community driven. on: March 05, 2019, 01:43:42 AM
I sell grin on bitmesh exchange, works well https://bitmesh.com/exchange?market=btc_grin#/

https://coinmarketcap.com/currencies/grin/#markets

There are so many markets available now but that exchange has very low volume as compare with others. I think Coinall and Bittrex are more better choice as per my experience.

Bittrex might be ok if you are a miner seeking to dump your mined grins to hold bitcoin. I reckon Bittrex's grin wallet withdrawals might still be presently disabled.
6986  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Grin Observer - GRN/BTC - Price Movement and Discussion on: March 05, 2019, 01:17:00 AM
@Hueristic. Grin and dogecoin are not wholly different in what they are today. They are both seeking to be currencies and they have a similar monetary policy in their present form.

This is not apples and oranges. However, it is a granny smith apples and red delicious apples comparison hehehe.

Also, by my reckoning the apples and oranges comparison is more between Ethereum and Grin.
6987  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Grin Observer - GRN/BTC - Price Movement and Discussion on: March 04, 2019, 03:38:17 AM
Are we bouncing or what? Grin

Yes we are hehehe. This is not the big sustainable bounce, however. Do not neglect the fact that Grin's monetary policy emits 10% inflation for the first 10 years. Most of those newly mined coins will certainly be dumped by the miners.
6988  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] AEON [2018-11-30: update to 0.12.7.0+ ASAP; 0.12.8.0 on Windows] on: March 04, 2019, 03:16:15 AM
@smooth. What is your position on the proposal?

I'm neutral and I will support either continuing to tag along with Monero's anti-ASIC strategy or ASIC-friendly and low-overhead algorithm such as SHA-3.


However, in your own personal position, what would be the best way forward for Aeon's growth as a secure and usable cryptocoin to compete in acceptance and payments versus bigger coins like litecoin?

I reckon, personally, we might have stayed in the no Asics strategy long enough.
6989  Economy / Gambling discussion / Re: UFC 235: Jones vs. Smith Prediction and Info Thread on: March 04, 2019, 02:09:52 AM
^  Meh...  There was nothing spectacular in both matches.  And Askren who was supposed to be somewhat of a next attraction at 170 after Woodley was a huge disappointment.  The UFC should give Lawler another go at him.  Herb Dean made a dumb mistake stopping that match.

Controversial decision by Herb Dean, anyways, Lawler accepted the defeat like a man, but I think it was an early stoppage by Herb.

It doesn't look that Lawler was in danger, his hand was in Ben's head so naturally he put in down and this gives the signal to Herb that somewhat Robbie was losing consciousness.

Agreed. However, Herb Dean saw the hand was hanging very loosely which made it appear that Robbie was unconcious. I remember Joe Rogan was also shouting he's out!

It was the wrong stoppage but I reckon Herb cannot be blamed for it.
6990  Economy / Speculation / Irrational. Bitcoin could fall to $800 on: March 04, 2019, 01:58:45 AM
The cryptospace appears to be beginning to spread bear market irrationality. According to this clickbait news, an up and coming analyst that hides behind its twitter account name Financial Survivalism, bitcoin could drop to $800 if it fails to surmount a declining trendline at $4600.

I reckon the people who controls that Twitter account should talk to the now rational Tom Lee for advice hehehe.

Also, this news might be a scam effort to gain more followers for that account which might also be controlled by newbtc.com. I might also be irrational in this, however hehehe.

In any case, who owns newsbtc?



Another day, another foreboding piece of analysis. A leading analyst claims that as Bitcoin (BTC) has yet to break out of its current range, there’s a growing potential that the cryptocurrency could fractal, and undergo a drop that looks much like that seen in November of yesteryear.

Financial Survivalism, an up-and-coming analyst centered around Bitcoin, recently took to Twitter to issue a harrowing comment. He noted that the longer than BTC fails to surmount a long-term declining trendline at ~$4,600, the higher likelihood that the cryptocurrency’s price could “mirror the price action from September 20th to November 25th of last year.

Per the analyst, this would mean that BTC could trade flat for another two to three months, before falling dramatically to the $800 price point.
This, of course, is a worst-case scenario, but Survivalism does allude to a good point about market cycles and behavioral finance.


Read in full https://www.newsbtc.com/2019/03/03/bitcoin-collapse-800-late-2018s-plunge-mirrored-crypto-analyst/
6991  Bitcoin / Press / Re: [2019-02-26] Tom Lee: Bitcoin Will End 2019 On A High Note on: March 04, 2019, 12:24:42 AM
@gentlemand. No, however there might be some people who might have listened to him before. In any case, I reckon his prediction for bitcoin to do better than $3900 on 2019 is rational. What about you, is it rational?
I can remember that people were initially hyping him up, but that definitely changed after how he made himself look like a fool with his failed predictions. He shot himself in the foot, and that time on time again.

I won't take any of his predictions serious until he understands what this market is about when hype is no longer the main price driver. He will get it eventually, but it will take some time.

Being wrong each time has definitely had an impact on him and who knows, maybe he can stop being a meme and become someone who people actually value. It's hard to imagine now, but everyone deserves a second shot.

Agreed. However, it is not about getting another shot, but about his outlook for 2019 and if it is rational or not.

Is it rational for you?
6992  Bitcoin / Press / Re: [2019-02-26] Tom Lee: Bitcoin Will End 2019 On A High Note on: March 03, 2019, 02:00:15 AM
@gentlemand. No, however there might be some people who might have listened to him before. In any case, I reckon his prediction for bitcoin to do better than $3900 on 2019 is rational. What about you, is it rational?
6993  Economy / Gambling discussion / Re: UFC 235: Jones vs. Smith Prediction and Info Thread on: March 03, 2019, 01:43:08 AM
Nice card we here this coming Saturday (Sunday here in Philippines). My picks will be Jon Jones,  Tyron Woodley, Ben Askren and Cody Garbrandt. I'm still at 50/50 with Ben Askren, he may have a good run with One FC but we do not know if he will have a good chance with the fighters in UFC, not that I belittle the fighters in One FC but those who are not successful in Bellator and UFC usually signs up in One FC.
Ben Askren might not have debuted with UFC yet, but he was the undefeated welter weight champion at Bellator if you are not aware of it and he asked for a release thinking that he could join UFC but he got dumped because of an twitter exchange prior with Dana White and so he had no other options than to join One FC and he dominated them all and now he got a chance in the UFC and he started calling out everyone who talked about him in the past and the funny thing is no one is responding to his calls now.

@eaLiTy. Jeremy Stephens might defeat Zabit similar to what he did to the Korean Superboy. This is a dangerous ladder up for Zabit versus a fighter who has fought the top fighters and who also has knockout power.

I reckon Zabit should be prepared to be disappointed hehehe.
First you have to consider the location he is from, no emotions what so ever and he is the complete martial artist according to most of the experts as he is super technical on the feet as well as on the ground and yet with strikes and combinations we have not seen yet inside the cage and i really do not know who could match with him skill wise, Jeremy Stephens is a really good striker but i really doubt he could match up with Zabit.

However, Zabit has not fought anyone on a higher level in the UFC. Jeremy Stephens will be his first. Also, Tecia Torres might win versus the female chinese fighter. The same reason as Zabit and Jeremy.
6994  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Grin | PoW Mining | Electronic transactions for all. Community driven. on: March 03, 2019, 01:23:24 AM
A shitcoin? He's got lots of bags.
Shit coin does not have chances to add into the payment methods of the forum by theymos.

There is something more behind this than a cryptocoin trying to copy bitcoin's cypherpunk roots. There might be whales and cryptocoin companies supporting the project.

However, do also listen to theymos' prediction of Grin to be as low as $0.50.
6995  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] AEON [2018-11-30: update to 0.12.7.0+ ASAP; 0.12.8.0 on Windows] on: March 03, 2019, 01:08:52 AM

I support this. This is the only way to go forward, I reckon.

Also, the only people who will be against this proposal are the GPU mining farm owners who will be the first people to leave Aeon when they see another more profitable coin to mine.

@smooth. What is your position on the proposal?
6996  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Grin Observer - GRN/BTC - Price Movement and Discussion on: March 03, 2019, 12:51:47 AM
I reckon everyone should compare Grin to the other more similar cryptocoin with a similar monetary policy. Dogecoin. Everyone is busy comparing Grin's monetary policy with Ethereum's monetary policy, however, they are very different projects.

6997  Economy / Exchanges / Re: Do not use Coinbase on: March 02, 2019, 03:16:32 AM
I already stopped using coinbase.

But at the end of the day, it's still depending to the users to decide if they want to continue using them as their service is convenient for most. Some probably will just follow the trend.

Agreed. However, we the lowly forum cave trolls who know more bitcoin information than some of the smartest financial gurus in the world should be guiding everyone on what services are advisable and what services should be avoided. That should never ever stop, I reckon.
6998  Bitcoin / Press / Re: [2019-02-26] Tom Lee: Bitcoin Will End 2019 On A High Note on: March 02, 2019, 02:51:09 AM
@gentlemand. However, he might get it right some of the time hehehe. If 2019's high note for him is anything far lower from his original $25,000 prediction for 2018 then he has become less emotional and more rational.

But who cares if a broken clock is right occasionally? What this ecosystem needs is more people with realistic views and accurate predictions based on analysis. Instead we have very polarized doom/moon opinions. To me this is a sign that even after 10 years, the ecosystem is nowhere near mature and there's still a long road ahead.

I am only saying that he might be more rational and less emotional today than he was when the market was on high velocity falling down. It might be an appropriate time to begin listening to him again hehehe.
6999  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [AEON] Aeon Speculation on: March 02, 2019, 01:04:58 AM
@cAPSLOCK. That might be true. The motivation to begin something extraordinary slowly goes when someone becomes more financially comfortable in life.

In any case, I reckon the Aeon community, which is made up of bagholders like me, has to be motivated to do the extra work hehehe. The transference of labor from top to bottom in the cryptospace.
7000  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Grin Observer - GRN/BTC - Price Movement and Discussion on: March 02, 2019, 12:51:35 AM
@LUCKMCFLY. Your long analysis condensed in one picture hehehe.



@Cryptotourist. Grin might not fall to sub dollar prices, however it might also not sustain a type of price increase similar to bitcoin.

Inflation will be over 10% for the next 10 years and I am certain some large bagholders will be selling on the pump during periods of fomo. Grin might be more like dogecoin for the first few years before becoming something like bitcoin, I reckon.

The Grin development team were very serious when they said that Grin is not for getting rich quick.
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