Trying to time the bottom like an idiot.  Monero could fall back to single digits.  It's looking like it may be another bitconnect type crash.

FUD.

He is talking about a well known POTENTIAL attack vector. Still no evidence of the specific claims which, btw, don't make many sense:

1- Bloomberg initially pointed to supermicro servers and, specifically, a small microchip embedded into the board. Where is that microchip? Where is the research? Anything?
2- Then Appleboum says Bloomberg misquoted him because he never said anything specific (ie, Supermicro) but that it is a widespread problem.Well, again, where are their forensic evidence? Anything?
3- The description of the embedded chip doesn't make any sense. Of course, that is unsurprising when it comes to MSM but.... in this case it is not possible to check the facts from the technical sources because.... where is it? Anything?
4- I would certainly be greatly interested in knowing more about that spectacular microchip the size of a tiny SMC capacitor that features integrated cpu, ram, etc and is able to work and process at baseband frequencies. THAT is the evidence I would like to see, no matter if it has been used on a large scale attack or not.

Even though there is not evidence of this case, as I said it is a well known possible attack vector (usually by replacement in-situ or in the last stages on the supply chain not at manufacturing) and there are many countermeasures that are security best practices since many years: Isolated networks/segmentation, Data leak detection/prevention, etc....

It is way easier to implement this attacks by firmware modification though... Anyway, not going to completely shit over what they are saying because it is theoretical posible but until no specific evidence is shown I tag it as (plausible) FUD.

I haven't done any research into this but here is more.

https://www.bloomberg.com/news/articles/2018-10-09/new-evidence-of-hacked-supermicro-hardware-found-in-u-s-telecom

I'm not sure what is going on ATM. Something weird is afoot.

citing Yossi Appleboum CEO of Sepio Systems. Here is that story. I reached out to Mr. Appleboum for comment via telephone. Whereas the Bloomberg story singles out Supermicro servers, Mr. Appleboum’s sentiment is that this is an industrywide issue. Other very large server and networking manufacturers are certainly impacted, perhaps more so. He also stated that as an industry, or a society, we have two options: we go with the narrative that a US company, Supermicro, is the only one impacted as the Bloomberg reporting suggests, or we recognize that this is a persistent threat that impacts the entire hardware supply chain

Or maybe you can have some stable coins like USDT. I think they can also benefit users in a situation like you mentioned above. But of course, one should have adequate amount of fiat too. I don't really buy the whole anti-fiat idea. Crypto is great, but fiat is also important. So have some fiat, no matter what.

I think this shitcoin will drop back to $1.  There are too many other privacy coins that have much bigger communities and better development.

Just a couple of updates that have been posted elsewhere and is not represented in this thread:

* The twitter feeds of a couple of Jenny's fake Assetrush colleagues have fallen silent after being exposed.

https://twitter.com/martina_sarto
https://twitter.com/jennbruney

* Jenny's Assetrush CEO David Booker is still active on LinkedIn, even after I called him out on using Russian emoticons on reddit.

https://www.linkedin.com/in/booker-david/detail/recent-activity/
https://www.reddit.com/r/funny/comments/88sjm6/dating_apps_do_work/dwmyxfz/
https://www.reddit.com/r/funny/comments/88soev/very_strict_policy_at_my_local_market/dwmz1lz/
https://www.reddit.com/r/BikiniBottomTwitter/comments/88r9ed/got_him_good/dwmxdmc/

* David "the Italian" Petrachini recently announced an Assetrush partnership with Kraken. The tweet is 'liked' by Jenny. Kraken later denied this completely.

https://twitter.com/DavidPetrachini/status/1034422725035663360
https://twitter.com/krakensupport/status/1050082666941440001

* Jenny, feeling the heat, steps down as Assetrush CCO. The Assetrush - Bytecoin ties are now almost completely swept under the carpet.

https://www.reddit.com/r/BytecoinBCN/comments/9l9yzw/has_jenny_fired/


Will try to keep the thread updated from here on. Bytecoin just got delisted from Binance and OKEx and the community is not happy about it. We might se some attempt from the team to pivot from the negative and announce some new feature or partnership. A change of consensus mechanism to PoS for example...

I saw last week information about dump in different telegrams chat. But there almost always everyone wants to dump.



It seems to me that they are testing liquidity.

And I found an interesting chart.

Meanwile diff grows to 80, so sad((

...One thing is fore sure , no alcohol till next weekend for damn sure .

Dude...  The biggest mistake I ever made was not holding XMR when I had the chance starting at below 5 bucks or below .50 cents even.  I'm not making the same mistake again.

Dumped pretty much in the same minute

""Definition of coordination
1 : the process of organizing people or groups so that they work together properly and well"

My guess is they had to have a big dump to make crypto not look like a safe haven, could have started a tsunami of USD into the crypto markets

If the sell off was due the bonds, markets etc, wouldn't the crypto sell off happen at the same time?

I mean selling BTC for USD as a safe haven... really....

Well, the BTC dump seems to have been because of the stock markets' fall.  And Monero's drop was because of the BTC dump. XMR has been rising and falling in line with BTC - so if you do hold both, it's a win / win (or lose / lose).

However, I am concerned the BTC dump was engineered.  Why? Because hedge funds were excited that BTC is an 'uncorrelated' asset, which is the holy grail for them, a safe haven when all else is dumping.  So for BTC to follow stocks screws that up - and around 15,000 BTC dropped on Finex was enough to sort that 'myth' out - market wide.   

Clever / unfortunate?  Who knows.  But I wish BTC had gone up with the stock market woes.  It would have finished the bear market for BTC in minutes.  And that would be.... nice.

You really are a dick sometimes.

Bitcoin is crashing. We're all going to die. Time to start acquiring a taste for canned dog food. Practice this phrase: "do you want fries with that?".

You made me look.

Long read but the essence to me is: what's good for gold will be good for Bitcoin as well.

https://www.goldmoney.com/research/goldmoney-insights/the-credit-cycle-is-on-the-turn?gmrefcode=gata

If Henry Ford was alive I'd wrap him in plastic and throw him at your head.

I see /ignored roach posts. Bullish.

No single evidence of those claims been presented though. #justsaying

There was comment on that in there, as any reunification would mean they do 'have it all' - which is what china wants in the industry.  TSMC are a couple of generations ahead, though; working on getting to 5 nanometer tech while the mainland is largely struggling to get facilities from 28nm to 14.  Taiwan and (in the main that means TSMC) is at the supreme top end and in a position of hegemony.  Am in awe of the kind of investments in chip factories (in the $10 of billions EACH) required to be a player.

All this makes Bitmain look just a tiny niche player.  Perspective gained, but more than that, insight into the Chinese gov's plans and world view.

You have to wonder if any hi-tech manufacturing will exist outside the Far East at this rate. Silicon chips made in Swindon?  Not bloody likely!

These servers were assembled for Elemental by Super Micro Computer Inc., a San Jose-based company (commonly known as Supermicro) that’s also one of the world’s biggest suppliers of server motherboards

I think most of us here probably don't give any fucks to be honest. Good luck with it, whatever it is.

5 bitcoin says this guy is going to lose all his money by the end of the month.