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I'd like to note that this can't necessarily steal Bitcoin private keys because Bitcoin uses a different signing implementation. It's still a cause for concern though. All of these vulnerabilities just highlight the importance of setting up an offline wallet for your funds. Online is a bad place for private keys to be, no matter how safe you think you are.
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I honestly don't think there are large scale conspiracies going on around here. Gold prices are manipulated, yes, but the Bitcoin market is unregulated and is therefore potentially open to much larger scales of manipulation. I don't lean too heavily on either side, but I can see why they may be concerned about that. I mean, if it's popular for people involved to try to rationalize just about every price drop as a handful of whales manipulating the market, there really may be a cause for concern. I'd also like to note that some people also seem to believe that an ETF approval is more likely thanks to Elad's Roisman's SEC appointment. |
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Lmao he literally just retweeted something and typed out "And 50x more useful" with no justifications whatsoever. How the hell were they able to make a story out of this?
But yeah Bitcoin mining being energy intensive isn't fake news. It's true and even comes with figures, but it's being way overstated. Almost as overstated as saying Bitcoin mining is 50x more useful than gold mining just because lol.
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By immersive technologies, do you mean augmented reality? If so, then I don't really see how the two are related. You could probably argue that Bitcoin could be perfectly integrated into them, but so can fintech services which is far likelier to happen. They're both emerging technologies, I suppose, but that's as far as their similarities go as far as I can see. I simply can't draw a parallel here.
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Institutional investors can only enter the scene, if they are given a legal platform to do that. The regulating authorities are trying their best to block these institutional investors from investing in Bitcoin and Crypto currencies. I think they know if this is allowed, then less investment capital would be available to be invested in traditional commodities and assets that they are controlling.  Is this really true though? Nothing is stopping them from buying in directly. They don't necessary have to wait for approved derivatives, ETFs, and such. Genuinely asking. But yeah, before everyone gets all excited: Novogratz, known to his friends as “Novo,” estimates that he now has about 20 percent of his net worth in digital assets. In addition to cryptocurrencies, his family office has invested in bitcoin mining, trading platforms, initial coin offerings, pre-ICO sales and blockchain technology. He said Gemini, the exchange run by Cameron and Tyler Winkelvoss, is “one of our go-to places” in part because it has a New York State license to trade bitcoin and ether. Novogratz has a lot to gain by shilling for crypto. Not saying he's shilling, but definitely take everything he says with a grain of salt. |
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-snip-
Just because by definition they're cryptocurrency doesn't mean that in practice they aren't something else. Have to agree that stable is misleading because the prices of all the things they're pegged to are able to fluctuate. I may create a truestable coin. At all times I will peg it to 0 dollars and it will be redeemable by me at all times. I completely agree, as I have said, but if OP's beef is with the terminologies then definitions do have their place in the conversation. I get the hate, but the end of the day they're still regrettably considered to be crypto. If you're saying they shouldn't be though, well, I have no problem with that. I don't find the word stable to be misleading at all because it's only stable relative to what it's pegged against. Creators never imply it to be stable beyond that. Some stables are more accurate than others though, as Tether has shown, which is why it's hard to trust them. |
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I completely agree that they're barely cryptocurrencies. They basically have no purpose other than to help facilitate crypto trading though, so people just roll with them. Cryptocurrency, as a word, has a very loose definition anyway. This is how Wikipedia defines it: cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. So yeah, they still kind of check out. |
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There happens to be plethora of problems the bitcoin solves in its own way, but I think myself and 85% other bitcoiners would agree that the major issue the bitcoin puts a halt to is poverty(as it provides financial freedom)...uhm,...thats not to say that many bitcoiners weren't rich or more so comfortable before the inception of the bitcoin,but it sure does contribute it's own fair share of financial freedom and makes the rich richer and the poor,rich
Bitcoin doesn't provide financial freedom. You're probably confusing it with financial inclusion. Either way, even financial inclusion doesn't end poverty. It can help alleviate poverty, but it has to come with financial opportunity, another thing that Bitcoin doesn't necessarily provide. I mean, if we're talking about people who barely have enough to feed themselves (and a lot of people don't even have enough), how exactly does using Bitcoin benefit them? They may not even have an online device or even a stable internet connection. Bitcoin can certainly impact economies through creating related jobs, granting people financial independence, etc., but it can't eliminate poverty. |
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What is the significance of such an act?
There are apparently theories that it has something to do with gaming the keywords: Despite initially seeming like Apple’s move to take down cryptocurrency-related podcasts is a sign of their animosity towards cryptocurrency, some Twitter users believe that the podcast was actually removed as a result of a “keyword stuffing,” which is when an app, podcast, or website, that uses long titles filled with keywords in order to rank higher on search results We won't know for sure until we hear from Apple itself though, if that ever happens. It's also possible that they broke some other iTunes agreement, considering it's a private platform at the end of the day. I'd put down the censorship pitchfork, for now. |
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Given that raw materials, manpower services and cost of production is significantly lower in China, other companies that will try to compete against the Chinese in making ASICs would be placed on a losing battle.
That's only really true for actual manufacturing though, and any company can easily outsource that to China. Does Bitmain even actually manufacture their own miners? I can't seem to find any information online. Either way though, having the best margins doesn't automatically mean they can produce the best product. There have been news of Samsung affiliated companies wanting to enter the market, so they'll hopefully have some solid competition in the future. |
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This latest development, described by the bank as “surprising,” comes against the backdrop of Morgan Stanley offering trading in derivatives tied to the largest cryptocurrency. It’s important to note that the bank is not actually planning to trade Bitcoin or cryptocurrencies directly but rather to offer Bitcoin swap trading tied to futures contracts. Earlier this year, CEO James Gorman said that a trading desk specializing in derivatives tied to digital assets could be a potential service offered to clients.
Are they actually talking about institutions investing directly in Bitcoin, or just derivatives? I don't know how I feel about this, but it also kind of seems like a marketing move. The report traces the evolution of Bitcoin from its varying roles of digital cash, a new fundraising mechanism, a method for the store of value, to its most recent incarnation as a “new institutional investment class.”
Nope, it's still primarily digital cash. It certainly evolves, but it doesn't lose its old roles. |
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From what I've heard the IRS will hound any former US citizen and resident for taxes no matter their current location. You may not have to pay them, but you would still have to deal with them, so good luck with that  They'll apparently hound you anywhere except Puerto Rico because it's exempted from federal income taxes for some reason. Puerto Rico offers an unparalleled tax incentive: no federal personal income taxes, no capital gains tax and favorable business taxes — all without having to renounce your American citizenship. For now, the local government seems receptive toward the crypto utopians; the governor will speak at their blockchain summit conference, called Puerto Crypto, in March. Things might change if it gets exploited too much though. Not having to renounce your citizenship is a good thing but you'd still have to move, so it might not gain too much attention from US crypto people. |
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I think blockchain technology can be applied to many industries. Because we are in the digital age and very modern. So we need to make things faster and blockchain technology can help us. Blockchain technology can become a tool for faster payments.
Blockchains don't necessarily make things faster though. The fact of the matter is that traditional databases can fill the need of most industries well enough. Blockchains are very niche, and therefore have very specialized applications. It's not even needed for payments. If a company chooses to accept Bitcoin, they won't need to set up an entirely new blockchain to accommodate it. But hey, if you definitely feel like blockchains make everything better, might as well put your money where your mouth is and invest into obscure ICOs, right? Don't do that though lmao. |
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Is this your source? https://captainaltcoin.com/new-whales-are-here-somebody-bought-133k-bitcoins-in-the-last-4-weeks/I would say that it's a leap to conclude that institutional investors are coming in just because of new whale addresses popping up, but I suppose it's a possibility. We don't even know for sure that they purchased their coins as they could easily be old whales consolidating. Either way it does seem like we've hit bottom, so it really looks like the perfect opportunity to buy. |
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So...what now? Bitcoin mining was never designed to be efficient. It's more secure the more inefficient it is, even. Things are working as intended.
If people are trying to say that it's a waste because you don't even gain gold at the end of it (this was implied within the article), then that's a completely subjective argument. Even most pollution concerns are grounded on predicted mining growth, not the current mining situation. People are making it into a bigger issue than it actually is.
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The questions is, how does cryptocurrency taxing work? And is there a fair way around it?
It depends on the country. The US, for one, taxes trading profits and capital gains. Others don't have specific guidelines and simply tax income earned from them like any other source. Getting around them also depend on what the rules are in the first place -- there are usually ways to minimize them legally. But yeah, cutting taxes for a while seems fair. Crypto exploded so quickly that even small holders could owe massive amounts of money in taxes. Policies like this could soften the blow while they get used to dealing with crypto. If nothing else, it encourages people to pay proper taxes. |
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They're very likely not going to reimburse you. You should still try to talk to support though I suppose, so you at least know what happened. 16. DISCLAIMER OF DAMAGES
IN NO EVENT WILL BITTREX, ITS AFFILIATES AND THEIR RESPECTIVE SHAREHOLDERS, MEMBERS, DIRECTORS, OFFICERS, EMPLOYEES, ATTORNEYS, AGENTS, REPRESENTATIVES, SUPPLIERS OR CONTRACTORS BE LIABLE FOR ANY INCIDENTAL, INDIRECT, SPECIAL, PUNITIVE, CONSEQUENTIAL OR SIMILAR DAMAGES OR LIABILITIES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF DATA, INFORMATION, REVENUE, PROFITS OR OTHER BUSINESS OR FINANCIAL BENEFIT) ARISING OUT OF OR IN CONNECTION WITH THE SITE, THE SERVICES, THE BITTREX MATERIALS, ANY PERFORMANCE OR NON-PERFORMANCE OF THE SERVICES, OR ANY OTHER PRODUCT, SERVICE OR OTHER ITEM PROVIDED BY OR ON BEHALF OF BITTREX, WHETHER UNDER CONTRACT, STATUTE, STRICT LIABILITY OR OTHER THEORY (INCLUDING, FOR AVOIDANCE OF DOUBT, ANY NEGLIGENCE OF BITTREX), EVEN IF BITTREX HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. Their terms basically say they're not liable for anything even if they're negligent lmao. You can probably contest this, but you agreed to it, and it's going to take way more than $700 so it's not going to be worth it. It's best to simply avoid them in the future. |
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Can Visa or Mastercard or PayPal offer the same service at the same price for micro transactions like this?
Yeah, something similar already exists in Taipei: https://www.taipeibiketours.com/single-post/2017/06/06/How-to-Use-Taiwans-Youbikes-in-8-StepsThere's a deposit if you pay with credit card, but they're actually a lot cheaper. The other alternative (or rather the main option), EasyCards, can be used to pay for just about any public transportation and is accepted at major convenience stores if I remember correctly. So yeah, the Lightning Network isn't really breaking any new ground here, but I'd say it's still a very interesting proof of concept. This won't excite you if you've never doubted the Lightning Network, but it should be pretty fun for skeptics. |
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Just because things went well last November doesn't mean every November will always be a good month price-wise. There are a lot of factors behind Bitcoin price movements and I can assure you that the current month of the year isn't (directly) one of them.
As for what's going on: nothing. That aptly explains the lack of movements, no?
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