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901  Economy / Scam Accusations / Re: Scam ICO Threatens To Sue Us on: December 08, 2018, 11:11:35 PM
<I don't particularly want to inspire a big self justification reply from you, but post one anyway>

Bullshit, bumping services are a plague and having tags for offering them...what are they to be "proudly worn"?.
I tag people with red, usually before they scam and irrespective if I'm in Default Trust or not, without having legal standard proof of them being scammers.
I reckon my retrospective accuracy rate is 99%. If people don't take any notice, that's their choice.
902  Economy / Scam Accusations / Re: Scam ICO Threatens To Sue Us on: December 08, 2018, 10:27:03 PM
We are building this site that we plan to use in exposing all kinds of scams including Scam ICOs. Incidentally one of the scams we have reviewed is threatening to sue because of this post https://cryptoinfowatch.com/ico-scams-seem-not-abating-as-seen-with-xeonbit-another-cryptocurrency-scam/ Now I wonder how they plan to so that. Do you think we should get a lawyer in readiness for that?

It comes with the "scam buster" territory.
I've been threatened a few times with "legal action" and worse, most notably by one of the biggest scammers of 2016 (he certainly had enough [of other people's] money) to do so, if there was any reasonable chance of it succeeding. But he didn't.



OP, your trust is a bit of a dent to your credibility.
 I don't particularly want to inspire a big self justification reply from you, (I certainly hold the ICO support services industry as culpable as the actual scammers for enabling them) but this was pretty dumb.....

903  Other / Meta / Re: Legendary account banned on: December 08, 2018, 01:48:25 PM
Are you suggesting that if you have more activity the rules shouldn't be as strictly applied?


It already happens...

Bruno for example got 7 day bans instead of anything longer (gleb gemow).

It’s strange not to see a mod being so soft in this case as they normally do seem to be...

For what exactly?
He is one of THE best scam hunters and biggest contributors here so I would doubt he did anything dodgy.

AFAIK Bruno got his 7 day wrist slap for consecutive posting after being warned not to keep doing it.
904  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 08, 2018, 01:42:25 PM

Does the seller side has to have the bitcoins when the contract is made?

No. That's the whole idea behind "regulated" bitcoin markets. You don't need to have a single satoshi to sell thousands of bitcoins and suppress price.

Bankers think that bitcoin ETFs will solve bitcoin supply "problem".


When the contract expires seller has to anyway have to get the coins from somewhere to be able to sell them to the buyer?

Nope. Actual delivery of bitcoins is forbidden. Just like in gold futures and ETFs. At the expiry date profit/loss is cleared through the seller's margin deposit which is in dollars. If the seller is systemically important bank and they did the wrong bet Fed will print new dollars and will give them to pay for their loss.


The buyer side was there to buy some bitcoins. If he will not have them, what will he have? The dollars?

The contract said for example buyer will buy three bitcoins for price 3500$ per one coin which is total 10500$. But the day price is 4500$ per bitcoin which is total 13500$. So the buyer will have 3000$ for bank account?

Yes, buyer will have $3000 credited to their margin deposit/bank account.

Regulated bitcoin markets are not for trading bitcoins but for bets on the future bitcoin price. Profit/loss resulting from those bets is paid in dollars. So, if you have unlimited access to the dollar printing press you can sell 21 million bitcoins without having a single satoshi.



Futures markets were originally designed for "hedging" commodity prices, so that producers could plan and lock in a profit and buyers budget for their material costs while the actual "real" goods were on a boat somewhere.
I wouldn't be surprised if Bitcoin miners have been hedging their production by shorting futures since the bear market started (and derivative crypto trading became easier) and then simultaneously closing the shorts and selling the "physical" bitcoins as they mine them.
As Bitcoin isn't a consumable commodity in that original sense, there aren't the counterparty hedge purchases being done, only speculative buying (or not).
905  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 06, 2018, 04:04:29 PM
The next few hours will be crucial.tm

Given the weakness in equities, I'm a bit disappointed that there doesn't appear to be any "safe haven" hedging role for Bitcoin.
906  Other / Meta / Re: Why are FUD-trolls allowed to open 4 topics per day? on: December 06, 2018, 03:39:39 PM

I brought him up in the staff forum back in February. Obviously just a troll account. Pretty sure he is NLC as well. Probably best to just ignore him because nothing will likely be done about it.

D'ya think? Looks like he lost his GSOH on the way, then.
Troll account?
Not really, more like a Bitcoin Skeptic account: that's allowed, isn't it?
907  Economy / Service Announcements / Re: Excoinet.com Is Now Paying 10% More for Bitcoins on: December 06, 2018, 12:04:55 PM

So, at the bottom of your page it says
Quote
The domain www.excoinet.com is solely and exclusively operated by Safecap Investments Limited (‘Safecap’), which is regulated by the CySEC under license no. 092/08 and by the FSCA under license no. 43906. Safecap is located at 148 Strovolos Avenue, 2048, Strovolos, P.O.Box 28132, Nicosia, Cyprus.

Safecap is/was part of Teddy Sagi's markets.com operation. They don't mention excoinet anywhere.

Then your "About" page says
Quote
Excoinet A/S is a subsidiary company under Thyregod Invest ApS.
Your embedded link is dead, but Thyregod appear to be a small Danish VC operation. They don't list you as a client/venture anywhere.

Where are you?
Your FB says
Quote from: Facebook
32 Sullivan Chase Dr Avondale 19311, Pennsylvania
Your site says
Quote
We are based in Belgium. Our address is:Emiel Vlieberghlaan 10, 3900 Overpelt

And who is "Thomas Mcdonald, founder and CEO of Excoinet.com" and in what possible business plan is paying 10% over the odds for a widely traded asset a rational idea?

908  Economy / Service Discussion / Re: bitgoldenfx.com - Legit or scam ? on: December 06, 2018, 10:38:24 AM
According to bgf's T&C's(which are a mismatched font cut and paste), bitgoldenfx seems to be a trading name of Lead Capital Markets Ltd
Quote from: T&C
These Regulations for provision of brokerage, investment and agency services on the Securities market (hereinafter the “Regulations”) determine the procedure, terms and conditions for provision of brokerage, investment and agency services by LeadCapital Markets Ltd (hereinafter the “Company”) on the financial market to any individual or legal entity that meets the requirements established by these Regulations (hereinafter the “Client”).

Lead Capital Markets Ltd, however, doesn't seem to list bitgoldenfx as a trading name anywhere I could find.
They have minimal web traffic 1,458 monthly web visitors. and Lead Trade Ltd, a trading subsidiary, last year renounced (or was it pushed?) its CySec authorisation and
remains under the supervision of the CySEC until it settles its obligations.
This may be related to accusations of stealing clients money thru its Top Option.com subsidiary and/or some fuckery in Romania for which it was fined by CySec.
What all this means in the Great Scheme of Things is unclear (apart from the known fact that Cyprus is a financial slum), but there doesn't appear to a direct, externally provable link between BGF and LCM.
That, coupled with the unsubstantiated claim
Quote
Bit Golden FX is the world’s leading social trading platform
and the fake testimonials indicate to me that there's absolutely no reason to use or trust Bitgoldenfx.
909  Other / Meta / Re: Is the Default trust system still working/active? on: December 05, 2018, 06:08:56 PM
The most recent thoughts of our Esteemed Leader that I could find about DT were in reply to a proposal to include Level 3 by default setting (as I vaguely recall it being in the Old Days).
 
I've thought about that, but I tend to think that it'd be better to make it broader rather than deeper.

Well, the only logical way to do that would be to promote selected level D2's to D1, they in turn would bring their currently included DT3's into Level 2. It seems reasonable to think that, if you believe the overall system has value and integrity, that is the only way that any sort of quality control could be maintained.
How to select which current DT2 members for upgrade from the current 200 odd is another matter. Two choices that I can see: either those  currently included by the most DT1's, or by centralized dictat.

For some random reason, theymos doesn't seem fond of removing inactive users (which are liabilities).

Yes. Apart from the hijack/hack danger, trust is dynamic not static.
910  Bitcoin / Bitcoin Discussion / Re: Satoshi broke the silence on: December 04, 2018, 05:26:09 PM
Theymos confirmed that the satoshin@gmx.com address was compromised over four years ago, after he received this email from it
 
Quote from: satoshin@gmx.com
Michael, send me some coins before I hitman you.
He (Theymos) suggests in that thread that the GMX address may have expired and been re registered, but there's no evidence to suggest that that's possible. I've had many GMX addresses over the years and don't think it is.

That was also the registered access address for the P2pfoundation account which Satoshi used and where the OMG what does it mean???
Quote
nour
message was posted on 29th November.
The only marginally interesting aspect for me is that was where the " I am not Dorian Nakamoto" post was made, so it must have come from the hacker.
Someone ask Prof Faustus, he should know.....
911  Bitcoin / Bitcoin Discussion / Re: Is MLM ideal for bitcoin? on: December 04, 2018, 02:18:30 PM

Multi Level Marketing is ideal for only one thing, providing the opportunity for lying and misrepresentation of substandard or non existent products to profit from gullible "downline" investors, often family and friends.
It is unfit for purpose in today's communication world, far too expensive for legitimate product promotion, the only benefit being 'plausible deniability' of the endemic false claims of profitability made by the so-called independent marketeers.
Any crypto schemes that offer an MLM structure should be treated with even more caution than usual.
912  Economy / Service Announcements / Re: [ANN]ROCKMINER: A Leading & Trustworthy Cloud Mining Provider, 7-DAY Free Mining on: December 04, 2018, 11:14:57 AM
Rockminer.... that name certainly brings back memories for older members of the forum, and not necessarily good memories either.
But anyway, that AMHash drama was all a long time ago (in cryptoland time anyway), over three years.....
I thought the brand ROCKMINER would have been so toxic after that episode and the behavior of the principals involved so poor, plus the fact that Rockminer were broke and not making anything, that the name would have been dropped as useless.
The next time I heard of Rockminer being mentioned was when I was researching the Gainbitcoin cloudmining scam and the thief and scammer Amit Bhardwaj came out as having bought 40% of the Rockminer company, two years ago, thru his fraudulent company Amaze Mining..

Quote from: Nov 2016
On the occasion of the stake acquisition, jubilant Amit Bhardwaj, said “I liked the vision of the company and what they are building is extraordinary and inspiring. After a series of exciting conversations and meetings with Alex (Co-Founder, RockMiner), the terms of the acquisition were finalized”.

Quote from: Nov 2016
Alex, co-founder of RockMiner also showed his happiness on the latest partnership with Amit Bhardwaj and said, “Joining forces with Amaze Mining & Blockchain Research Ltd allows us to double-up our focus on innovation and product development”.

Yes, only two years ago, within "2-3 months," he claimed that

Quote
Each 14nm chip in the miner will be able to attain up to 65 GH/s. This development comes after 3 years of hard work at RockMiner.
(Which turned out to be 10% less than Bitmain's S9 chips).

Your own version of your timeline doesn't include Mr. Bhardwaj's investment though. Why is that?



In that short period of time, Rockminer claim to have built a huge business

Quote
5 mining farms located in
Sichuan, Yunnan, Inner Mongolia and Xinjiang

Quote
We have participated in or led the construction of dozens of mining
farm facilities 

Quote
In the meanwhile, our mining farms in Kazakhstan, Canada, Sweden
are also under construction. 

What I find most impressive is that you have been able to build this huge conglomerate without the Internet noticing at all.
Google "Rockminer" and see what I mean.
Apart from the newly revitalized Rockminer.com site at the top, your first page is ancient reviews of 2014 hardware, not one single mention, not a press release, not a review, of all the massive expansion you claim into the realms of
Quote
5% of total network hashrate
Nothing apart from your Twitter account that is, which has a four year silence until this August.
When I say "without the Internet noticing" (further example, the Wayback Machine shows nothing for four years), I guess maybe that's what people mean when they refer to the 'Great Firewall': a Chinese company like Rockminer can bring itself back from the dead and grow into a major player in the Bitcoin world without the West knowing about it at all?



This seems to be a strange time strategically to be actively expanding cloud mining activity, when it's estimated that something like 500,000 S9's equivalent have stopped mining BTC during the recent price and difficulty drop.
Presumably you feel confident to be able to deliver a profitable service, seeing as you claim to be mining with
Quote
75W/T
machines.
Which would they be, as you only list Avalon 841's as the most efficient on your shop page (insecure btw), and they are not 75W/T?

913  Economy / Trading Discussion / Re: arbitrage program?? on: December 03, 2018, 07:38:42 PM

Thanks guys for the discussion!! Yes, agree that some helper/scanner or even bit needed for arbitrage. I've tried this one www.cryptoarbitrage.biz and I really liked it. It's yet free

This was the only point of this thread, so that the newbie account could slip in this recommendation for his scam site as part of the "discussion".
914  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][ICO] ARBITRAGING: Crypto Profit Trading Platform | HOT ICO! on: December 03, 2018, 03:12:02 PM

Could someone explain to me what this means, in the context of the very small number of token holders?




915  Economy / Scam Accusations / Re: idacpro - SCAM ICO - FAKE TEAM / stealing people's identity on: December 02, 2018, 03:55:05 PM
TODAY We managed to call the attention of some "experts" and they removed their ratings. - falling from 4.0 to 2.8
They said they were unaware of scam and ICOBench never informed them keeping them on the dark.

Read their comments:

BEFORE
...
NOW:
...

It shows how shallow their initial comments were, just blind endorsements (for money, probably).
Also the recommendation to "get more advisors if you want to be successful".... Roll Eyes
At best these self proclaimed experts and their views are not credible, at worst they are part of a corrupt self serving system.
916  Economy / Trading Discussion / Re: It’s very easy to trade Bitcoin on: December 01, 2018, 10:18:14 AM
Looks like someone is promoting a service if anyone of you tried to read the OP.

Welcome to Bitcointalk v. 2 (paid spam)
Don't read shit, just churn out 80 words for a few sats.
917  Economy / Economics / Re: Bank Of England Brexit FUD on: December 01, 2018, 10:06:18 AM

The OP is a shining example of the shallow thinking going on in the UK right now, especially amongst the xenophobes and neocons circling the soon to be post Brexit UK carcass, all trying to work out how they can grub some personal advantage out of it.

It annoys me that the Bank of England post random FUD because they want to stay in the EU
This is a good example of the level at which the bar is being set here.
Anything you don't agree with (even though you haven't read it), is FUD. What is "random" about it, surely it's a carefully crafted part of the Conspiracy to Enslave Britain?
We're talking Trump Tactics here: if you don't like it, just yell "Fake News!"

Quote
even though they are run by a Canadian guy and Canada are an independent country
I mean, c'mon, speak English.
You're saying that because the Governor of the BofE was born in a certain country, therefore economic modelling done by the Bank should...what?  

Quote
if the brexit scenario has taught us anything
The "brexit scenario", what is the "brexit scenario"? How has the "brexit scenario" taught anyone anything in itself?
If that means you have been inspired to cherry pick some factoids to support your personal prejudices, then all you have been taught is not to be so ignorant in the first place.

Quote
the uk is anything but independent  
Once again, empty rhetoric.
"Anything but"? That means "not at all".
If you make any deal, it's two way. If you're part of an organization of any sort, it's two way. Having an obligation to deliver your side is not loss of independence, it's rational self interest. Or are you talking about bent bananas and Daily Mail euromyths?

Quote
I just found this article...Didn't read it very much....I can't really be bothered reading it
That's always a great basis on which to dismiss something. About on the level of my six year old who won't eat potatoes because they "look funny".

Quote
but anyone who looks just at the headline and article will probably be convinced we should remain with a deal with the EU...
Ignoring the perils of just looking at headlines, why would it do that? There's always a bit of pain mixed in with gain, and if the UK is going to enter its second Golden Age when freed of the federalist EU blahblah shackles, then it will be a good test of that British Bulldog spirit which Made Us Great.

Quote
Actually taking a look at it, it doesn't seem all that bad:
So it's not random FUD after all?

Quote
Quote
Unemployment would rise to 7.5%
7.5%? So that's still not a huge amount?
That's over a million more people out of jobs.
A million poorer customers for local shops and businesses.
A million more Universal Credit claims.

Quote
Quote
house prices fall by 30% and commercial property prices collapse by 48%.
That's good considering they seem to be in a bubble phase anyway.
When their asset values collapse, borrowers default. When property prices fall, construction stops. There are 3 million jobs in the UK construction industry.

Quote
Quote
Interest rates would reach 4%.
So my bank will no longer take the money I invest in it for granted and will have to offer me more interest? Wait a second, what's wrong with that Grin.
You "invest" money in a bank??
Interest rate rises are a bit further reaching in effect than just on your current account. Think deflation of the economy,

Quote
People with mortgages should have been tested up to at least a 4% level due to the new found "strength of the banks", if they haven't that's the banks fault for not allowing people enough contingency for a budget...

"strength of the banks"? Isn't that just more Bank of England random propaganda?
Systemic collapses are nonlinear. The reassurance that the banking industry has absorbed sufficient free QE "money" to survive certain modelling is meaningless in terms of the potentially huge societal impact of Brexit and related isolationist policies.
No-one "knows" what will happen post Brexit, no-one knows what sort of Brexit there will be: shouting fud and sticking your fingers in your ears is the best you can you?

918  Economy / Trading Discussion / Re: Can I daily earn 10% on: November 30, 2018, 02:21:01 AM

10% a day?

Start with $1, reinvest your profit and after one year you will have

$1,283,305,580,313,384.50

Easy.
 Wink
919  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] ⛏ ⛏ ⛏ ICE ROCK MINING ICO2 - LIFETIME PROFIT on: November 30, 2018, 01:21:38 AM
Infact how about you produce a ledger where you Detail what you have spend your investors money on.

Something DeLoittes can audit, you mean?
Remember the DeLoittes audit?
920  Other / Serious discussion / Re: China *slowly* taking over the world? on: November 29, 2018, 11:50:20 PM
Or if you look at the Big Picture, after the blip caused by the Industrial Revolution, normal service (Chinese world dominance) is being resumed..



note x axis compression.
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