This is very good news but why was bitcoin dumped? I reckon this is the type of news that would make Tom Lee scream buy! hehehe. But what happened? Was there another exchange hack or another FUD?  The exchange’s trustee, Nobuaki Kobayashi, says that civil rehabilitation proceedings will begin in a major effort to refund the missing Bitcoin to its former customers.
Currently there are an estimated 24,750 approved claims for a total of roughly $409 million owed.
The refunds could signify substantial gains for former customers who are entitled, according to the court, to seek a refund in Bitcoin, and not the monetary equivalent at the time of Mt. Gox’s demise.Read in full https://dailyhodl.com/2018/06/22/mt-gox-bitcoins-dark-chapter-comes-to-an-end-with-a-doorway-to-1-billion-in-refunds/ |
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@ruthbabe. I assume that article was written several minutes before the latest bitcoin dumpage hehehe. It has never showed any maturity because the main holders of the coin is still made up of the early adopters of 2010 or 2011, I reckon. Those early adopters might be as inept in investing as you and me hehe.
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I reckon that is good because if all of them know about bitcoin they would be buying most of it and we again would be left out with nothing hehe.
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@Carlton Banks. There is paid FUD circulating in the mainstream news media and what also appears to be hired corrupt scientific researchers.
Whoever is behind this, they certainly are pushing to make bitcoin look like a manipulated ponzi scheme. I wish the people who read those lies use critical thinking and ask why?
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Also I would like to say that there is no such thing as a respected expert ICO investor in the cryptospace. ICOs are mainly regarded as scams that are taking advantage of the community's stupidness.
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This is just another typical bullish dude who later realizes that such goals are clearly unattainable right now due to the present market conditions and moves his predictions to a more unsure date. Let's face it, no matter how hard we want the market to go crazy again, it isn't gonna happen. As he stated, there was a parabolic move that took crypto to uncharted heights, and afterwards, a blow-off happened that left us with the current prices which still is unstable. Also, I wouldn't blame regulations for adding fire to the flame. If anything it increases consumer's confidence on the asset knowing that they are somehow protected by their 'constitutional rights' upon buying the coin. It's just the market adjusting and consolidating, at least on the way I see it.
Agreed. Tom Lee has no other explanation but to change his prediction and accept that his original forecast might not happen. @pooya78 also said it is not sad news but it is to some investors. Those investors who bought in those high prices of December. They have to wait longer for a new forecast that might not happen hehehe. @Torque. I am only bringing humor for the readers. The bear market is very frustrating for all of us. |
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Has Dan Larimer spoken on the fund freeze issue or is his silence on the matter a sign that users should trust the Block Producers? I reckon maybe he doesn't care. He founded 3 blockchain platforms in the cryptospace and dumped the coins of the first 2 after he left them. Will we see him dump the 3rd one? EOS made $4 billion in ETH, according to some news articles.  Its ‘constitution’ has also been an item of heavy scrutiny, as most of the articles are somewhat ambiguous and lack definition. One puzzling article in particular states that any account holding EOS that remains inactive for a period of three years is subject to forfeiture and can, as a result, be auctioned off, with the proceeds divided up between remaining members.
EOS’s most recent debacle involves the freezing of seven accounts which are suspected of carrying stolen funds. This decision is questionable as it was made by the block producers irrespective of the refusal of action by the EOS Core Arbitration Forum (ECAF).
The ECAF — the body in charge of arbitrating disputes of this nature, refused to take action against the suspected accounts citing lack of authority with only an interim ‘constitution’ in place.
A Twitter user that argued the case for the block producers decision was retorted by Bitcoin Foundation vice chairman Charlie Shrem who asserted that no one should have the power in the crypto space for “protecting” and “punishing” and doing so is simply a “waste of everyone’s time.”Read in full http://bitcoinist.com/charlie-shrem-slams-eos-freeze/ |
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Maintenance update (Sophia point release 2)This point release fixes a bug in block construction resulting in lower block rewards under some conditions involving very large transactions. Recommended update for nodes running a mining pool and users who are solo mining, otherwise updating is not needed. https://github.com/aeonix/aeon/releases/tag/v0.12.2.1 Thank you! Will we see more development happen in Aeon's Github? I hope the answer is a yes hehehe. We need more good decentralized cryptocoins around and less overfunded and low quality ICO projects like EOS. @eeX. But the are parasites are coming! Warn everyone! |
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Phillip Nunn is a very respected expert. He is also a well-known investor in ICO projects. He generally believes in blockchain technology. And there is no doubt that many businesses in the future will be linked to the blockchain. Therefore, he is confident in the growth of bitcoin and the entire cryptoindustry
He might also be a very big bagholder of different ICO scam tokens that might not see any positive signs of making it back to its all time highs again hehehe. |
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This will hurt the bulls who are expecting that Tom Lee's prediction of $25,000 by the end of 2018 will still occur, because he has moved the goal post to the end of 2019 hehehe. In any case, this is sad news.  “I think there are several factors why cryptos are falling. One, we had a parabolic move at the end of last year, so there is a period of consolidation and price adjustment that is taking place.”
“I also think bigger factors this year have been a lot of government actions that have been taken this year that have scared crypto investors, probably the most notable is the actions taken by the US regulators, like the SEC taking action against ICOs.”
“Lastly, the pace of institutional investor participation in this space has been taking longer than expected, and I think part of that has to do with the slowness of getting some of the onramps established.”
Tom Lee remains bullish about Bitcoin and thinks the cryptocurrency will be worth between $20,000 to $64,000 by the end of 2019.Read the whole article https://www.whatech.com/cryptocurrency/news/479523-bitcoin-3-reasons-the-crypto-markets-are-in-a-dive-tom-lee |
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@wavessurfing. In EOS your money is not yours because the few can freeze it if they want. That also indicates that you must trust a group of people you do not know and will not know anytime in the future not to do it to you.
EOS is the worst blockchain to be supporting, I reckon.
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@smooth. I reckon someone between you, stoffu or american pegasus need to contact Poloniex and make some proposal and tell them that Aeon is now upgraded?
Also, how was Aeon listed the first time?
Poloniex listed every cryptonote shitcoin under the sun for about 3-4 months at least. Just got in early. Poloniex delisted Aeon but maintained their Bytecoin node. Bytecoin is more of a shitcoin than Aeon is. Maybe Poloniex saw more activity on Bytecoin's development and also the higher trading volume? Will Aeon have more development activity continuing from the rebase or will it wait and copy whatever Monero is doing. @Aides. I will send you all my Aeons if you can find the CEO of Aeon hehehehe. |
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Bitcoin murdered me in my sleep.
But I got better.
Seeing a bankster bitch about Bitcoin is hilarious. That's right asshole, we're coming for you. Enjoy your monopoly while you can.
There was a famous saying by Gandhi hehehe. I reckon it will not be long before the cryptospace wins. If we keep using bitcoins and other altcoins and run our own nodes to keep the crusade alive, we will be unstoppable. |
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@Carlton Banks. Tether uses Omni formerly Mastercoin, a bitcoin blockchain token, and therefore its data is in the bitcoin blockchain.
Shit, you're right about that :O I'd always thought Tether was Bitfinex's in house pet (which is sort of true as Bitfinex do manage the supply of Tether themselves) Still don't find this convincing. Are the authors trying to tell us that the majority of last years market rise can be attributed to people selling falling Tether positions for BTC? To get that information confirming this story, the traders causing the move to $20,000 would all need to have been trading using Omni's platform. And not all Tether is even traded on the Omni platform (therefore Tether's exchange data is not all in the blockchain). Plus, Tether even now only has a $2 billion monetary base, and that's after a big rise recently. Bitcoin is a ~ 100 billion dollar market. It's completely implausible that Tether was the reason for last years ATH. Agreed. It was also mentioned that the research paper said that more Tether was issued when bitcoin was falling against the USDT. The researchers might not have considered that when bitcoin falls demand for USDT increases and therefore Bitfinex would have to issue more to maintain the $1 to 1 USDT peg. |
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@smooth. There are benefits but my query was will there be users? We have not yet managed to have massive usage onchain and here we are talking about instant transactions offchain. I reckon all efforts by our small community should be encouraging more users to run nodes and maybe also a little marketing.
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@European Central Bank. I would not criticize them if they announce that they are a centralized platform. I reckon the code is law idea was not a good one in any case. In law, the recourse of human intervention as a choice should always be open.
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Clickbait title of the day, straight from mainstream news media hehehe. The content is also worse and rich in FUD that I would not recommend you to read. But if you want to start your day with some comedy then read the news excerpt below hehehe.  In one of its most poignant findings, the BIS analyzed what it would take for the blockchain software underpinning Bitcoin to process the digital retail transactions currently handled by national payment systems. As the size of so many ledgers swell, the researchers found, it would eventually overwhelm everything from individual smartphones to servers.
“The associated communication volumes could bring the Internet to a halt,” the report said.Read in full https://www.bloomberg.com/news/articles/2018-06-17/bitcoin-could-break-the-internet-central-banks-overseer-says |
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@Carlton Banks. Tether uses Omni formerly Mastercoin, a bitcoin blockchain token, and therefore its data is in the bitcoin blockchain.
But in any case, I also cannot fathom that any researcher from a university would make up a paper with no evidence of any research done. They would still have to do the research but skew the analysis if really they were paid to spread FUD.
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@Febo. You are wrong. For there to be a need for a 2nd layer there has to be enough users doing onchain transactions. Building one for Aeon will only be good for purposes like marketing and hype to pump Aeon and give some people who do not believe in the project to dump.
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