Latest posts of: bbc.reporter

Quote from: Carlton Banks on May 25, 2018, 11:02:14 AM

Quote from: bbc.reporter on May 25, 2018, 12:59:35 AM

money launderers

"Money laundering" is not the correct way to put it when it's impossible to stop people using it. Money laundering makes sense as a concept in the banking industry, because a bank is obliged to prevent money in their accounts from being used if suspected of being the proceeds of crime. It's not possible to do that with cryptocurrency, the model is completely different.

Talking about "money launderers" in cryptocurrency is like whipping your car to make it go faster, or shooting pizzas out of trees with a bow and arrow: get over it, those days are gone

But I assume the money launderers, who hired Alexander Vinnik, want their money deposited in clean fiat and safely stored in their bank accounts. BTC-e, bitcoin and the mixers were only the tools to make it possible.

@Febo. Are you serious? Do we need to copy what Monero is doing to make it more valuable? I reckon that is a big mistake. We should not compete versus Monero because we will lose.

Also what happened to Aeon's vision to become the cryptocoin for lighter and more mobile devices?

@smooth. The release notes does not mention LMDB but I assume that it is already included in this upgrade? I would like to run another node on an old computer with 2GB of RAM and locate it at home.

Verge was attacked twice and it was the worst because their development team has said that they have already fixed the problems after the first attack, but hackers used the same timing attack again to get a bigger payday.

@Steamtyme. I reckon after the easy money in scam ICOs are gone the next low hanging fruit will be the altcoins with low hashrate. We have already seen the attacks start in Verge, Bitcoin Gold and Electroneum. There will be more coming.

@Hydrogen. Yes but his last fights versus Tyrone Woodley and Jorge Masvidal were not very convincing. He did not show the aggressiveness required to beat a fighter like Darren Till convincingly in those fights, I reckon.

In any case, still very excited to watch that fight. This will be Darren Till's biggest test.

Quote from: timerland on May 24, 2018, 10:14:04 PM

Quote

This is just like the internet stock analysts back in the day, where they made their name by predicting outrageous valuations for ill-conceived businesses that never stood a chance of making a profit. Henry Blodget and others come to mind. It's much the same with this guy. Never heard of him, and the only reason I'm hearing of him now is that he's predicting a bitcoin price that's much higher than where bitcoin currently is--though it's a price that's not too far from that which has already been achieved.

This particular prediction is meh to me. Anyone can say anything, and if this guy can say with a straight face why exactly bitcoin is going to reach $25k, it just means he should be playing poker for a living.

Exactly.

It simply makes no sense to be bullish on bitcoin without any consideration of the actual price of bitcoin or its trends. This guy is literally only known because of his predictions on bitcoin price, which is really without any sort of basis.

All of his predictions are bullish, it's just a question of how bullish. His predictions actually become "predictable" after a while. These predictions come out all the time, Tom Lee just happens to be one of the more well known guys and that's why his articles are getting media coverage.

I'm not saying that $25k isn't possible by the end of the year. It's possible, but unlikely.

He might be like one of those altcoin bagholders who bought on the top only to see the price collapse. They then start shilling their coins with much vigor almost sounding like scammers hehehe.

Quote from: vit05 on May 24, 2018, 03:48:29 AM

Quote from: bbc.reporter on May 24, 2018, 01:00:55 AM

@vit05. No it would be a very bad situation for the Ethereum community, I reckon. Ethereum's success depends on Vitalik because he is viewed as their messiah. Without him they would be lost and they will also dump their coins to search for another coin and another messiah to follow.

Also why would it be a fantastic if he worked in a place that he is trying to disrupt?

But the fact that he is seen as a messiah is terrible. Ethereum will need to prove at some point that it is a decentralized project. This is essential. He could continue to contribute.

I do not know if the path of a platform like Ethereum is disrupting Google. In fact, I think that google can benefit greatly by anticipating some changes that cryptocurrencies will force.

I did not say that having a Lord Vitalik in Ethereum is good, but he is the one holding that community together. If he leaves then the interest for the project might slowly go away and scatter to other projects.

It will never be decentralized the same way like bitcoin.

Quote from: gentlemand on May 24, 2018, 08:55:22 AM

Quote from: bbc.reporter on May 24, 2018, 12:44:07 AM

Might bitmixer.io have been involved in this? Their exit from the cryptospace was very perplexing. The owner's final message also sounded like someone was pointing a gun on his head. It was the first and most common observation in the forum.

I think it was probably down to the collective weight of the dodginess that ran through bitmixer rather than Gox itself. If I remember rightly there were a bunch of busts around then so they saw the writing was on the wall.

I agree that their final post was very odd. Its wording did nothing to assuage any doubts about what was going on.

Yes I was asking about bitmixer.io's involvement that may have included Alexander Vinnik's usage of the service.

@BitHolder. Cryptocoin mixing services know that they are also used by money launderers, drug dealers and others apart from using it to protect privacy. Saying not intentional would be a not correct way to put it hehehe.

Bitcoin gold, a cryptocoin of less value and a very small hashrate is more predisposed to a 51% attack because it is cheaper to do it, and it does not matter to the attacker if the coin dies.

In bitcoin, game theory applies more because the miner or group of miners planning to attack it have to assess which would be more beneficial to itself, the coin and the whole ecosystem because the costs are very high and those costs might be more than the reward.

I reckon this is the news that the bulls want hear. Tom Lee of Fundstrat is still standing by on his prediction that bitcoin will reach $25,000 this year, an all time high. Also know that this is another declaration by the analyst, after already saying it the other day.

He stood by it when bitcoin plunged below $10,000, and he did it again when it went below $9,000 and now again below $8,000. But how long will this man stand by it?

Fundstrat's Tom Lee is standing his ground on bitcoin soaring to $25,000.

On Wednesday, the cryptocurrency plunged below $8,000 and traded at around $7,500, essentially giving up most of the gains bitcoin had managed to make from mid-April to early May after hitting 2018 lows.

But not only does Lee believe Wednesday's drop is solely due to "typical crypto volatility,"

And finally, data compiled by Fundstrat show a historical trend that has Lee encouraging investors to hold onto bitcoin.

"Historically, 10 days comprise all the performance in any single year of bitcoin's price," he said. "If you just took out those 10 days, bitcoin's down 25 percent a year."

"So as miserable as it feels holding bitcoin at $8,000, the move from $8,000 to $25,000 will happen in a handful of days," he added.

Read in full https://www.cnbc.com/2018/05/23/as-bitcoin-plunges-mega-bull-tom-lee-stands-by-his-25000-target.html

What does Coinbase know? As I remember, Paradex is an ERC20 token decentralized exchange that operates on Ethereum smart contracts. Also with the SEC's questioning of the legality of ICOs, Coinbase should be moving away from tokens trading. But why are they embracing it? Does Coinbase already know that the SEC will give a favorable evaluation on ICOs?

Cryptocurrency exchange Coinbase has acquired Paradex, a platform that enables users to trade virtual coins directly with each other, the San Francisco-based company said on Wednesday.

Coinbase plans to make some enhancements to the technology and launch Paradex’s services to customers outside of the United States, enabling them to trade “hundreds of tokens,” it said.

The financial terms of the deal were not disclosed.

Paradex, which has 10 employees, is considered a decentralized exchange because it does not maintain custody of the tokens on behalf of its users but allows them to trade them through digital wallets.

The move will significantly expand the types of cryptocurrencies that customers will be able to access through Coinbase, which has traditionally been more conservative than competitors in listing new types of coins. The exchange offers trading in four of the largest coins: bitcoin, ether, litecoin and bitcoin cash.

Read the whole article https://www.reuters.com/article/crypto-currencies-coinbase/coinbase-acquires-cryptocurrency-trading-platform-paradex-idUSL2N1SU1KK

Quote from: BitHodler on May 23, 2018, 12:50:47 PM

Quote from: gentlemand on May 23, 2018, 11:06:12 AM

No mention of Gox yet? That's the mystery that really intrigues me. Incredible that after all this time so little is still known about it.

It was set up in such a way, almost perfectly done, that there isn't anything other than trail taint they can follow.

In reality, we all have likely been distributing tainted Gox coins, so how exactly can you prove that they are one of the masterminds behind the theft? BTC-E, Bitstamp, Bitfinex, they all are in a similar situation.

The only difference is that BTC-E has always been more open and free for people to sign up and use it solely as mixer. The only limitation was that you can only withdraw 100BTC per day.

That's something you can easily bypass by dumping BTC for LTC and other coins to withdraw them all simultaneously. I think BTC-E can use that as a powerful shield to defend itself. In the end, there is no real proof.

@jlanzago. Yes, it is very bad. After the cryptospace news media made Verge appear as the best anonymous coin, this transpires.

Sometimes you must question how corrupt the people behind the cryptospace news media are. Are those authors who pumped Verge in reality paid shills?

Will Tom Lee become a case of the boy who cried wolf? I reckon his next bullish prediction might be ignored or assumed wrong again, but by that time it might it be the real one hehehe.

Bad news again for the Vergins. This will be another stain on the reputation of the project. One that might take a long time to clean up.

Now the hackers have unlimited access to premium content in Pornhub hehehe.

Cryptocurrency Verge has suffered what executives are claiming is a DDoS attack. The platform is experiencing a serious delay in its blockchain, which has led to security concerns amongst users and worries about the currency’s stability.

At press time, Verge is trading for roughly $0.052, and its market cap value sits at $785 million. A decrease in the currency’s price has occurred over the last hour, docking Verge down by 0.36 percent, while the coin has fallen by nearly 7 percent over the last 24 hours. Currently, Verge is the world’s 31st largest cryptocurrency per CoinMarketCap.com.

Verge first mentioned the attack in a Twitter post, explaining:

“It appears some mining pools are under DDoS attack, and we are experiencing a delay in our blocks. We are working to resolve this.”

The problem may be more serious than the company is implying, however. The attack lasted more than a few hours and has resulted in over 35 million XVGs (worth approximately $1.7 million) being stolen.

The theft occurred when hackers exploited a specific glitch in Verge’s technology by mining multiple blocks virtually one second apart using the same algorithm. This was the same tactic used in a hack just last month that saw over 250,000 XVGs disappear into thin air, forcing Verge to prepare a subsequent hard fork.

Read the full article https://bitcoinmagazine.com/articles/verge-cryptocurrency-suffers-its-second-hack-less-two-months/

@stoffu. I will do if I have some time. I am doing some renovations in my apartment kitchen hehehe.

In any case, has Bittrex already replied if they will support the hardfork? I reckon that they have no choice but to support it right?

@boomboombazookaj. Considering the long wait, we should call it spectacular. It is very spectacular that we are still here supporting the project hehehe.

That's what you can call a real community.

Quote from: LoyceV on May 20, 2018, 05:48:03 PM

Quote from: AltEvangelist on May 20, 2018, 03:06:18 PM

Haha! I still can't believe so many people fell for this. Honestly, this is really sad.

For some posts it's really hard to say whether they're serious or just really good at playing along.

They are clearly playing along with the joke. But it will be at the expense of those people who do not read the replies in the thread and the latest news hehehe.

Also is this a sign that the SEC has their hands tied and cannot regulate the cryptospace fully? This move by them is perplexing. It might be an admittance that they cannot shut the ICOs down so they start with this strategy engaging for the people not to participate in ICOs.