[...] Bankers own the majority of ETH IPO [...]
I don't wanna feed the trolls, but I'm wondering, how true is this statement? |
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We're going back to 15k today, I can feel it!
I feel fairly certain that the group that has been shorting since $17k is the same group that started pumping the market on 1/2. They've been building a sizable short position ever since. Alts are going to get rekt soon. I would normally tend to agree with this, as it is very much like what happened back in 2014. I remember some of the alts doing noise back then like PPC and Feathercoin and Quark. Go check those charts in CoinMarketCap now. They are not happy charts. This time tho, a couple things are and feel different. For one, cycles are shorter, mainstream hype is bigger and it seems even if there was a hard 80-90% haircut, it wouldn't last as long this time. There's also the fees issue; and without getting political about it and whichever side you stand on, one must realize it does affect usage ( https://bitinfocharts.com/comparison/sentbyaddress-transactionfees-btc.html#6m). And then there's that new kind of dumb "investor", which, if you haven't been locked up in your house for the last month you've surely seen: the "omg this 0.10$ shitcoin is so cheap I'm buying". And yes, the market cap is elastic and can as easily go back up as it did earlier this year; but if you look at the charts, they also look different from that time in that the wealth has been distributed more horizontally and all across the board ( https://coinmarketcap.com/charts/#dominance-percentage, check the 'Others' grey line). It's not just shitpple or eth and the darn flippening. It will be at least marginally harder to swoop all that value back in. And lastly, many of the teams and projects in this new wave are very different in nature to the ones from back then. Whereas we used to have early-adopters, solo-devs and crypto insiders teaming up in small teams creating the projects in a more grassroots way; it is now much more akin to the startup world, with most of the (relatively serious) projects already VC backed even before the "pre-sale". Funding + pre-sale + ICO. It's kinda nasty and a recipe for disaster, we all know it; but at the same time it also means the serious ones are not going anywwhere, they have runway money in the bank to keep going for at least a year or two. I'm still open and even expecting a hard hard correction, but I think it's possible we will see a continuation of this trend all throughout the year. Money pouring in horizontally. It's also odd in that for the first time (and only when I'm down) I could just barely possibly see a future where BTC does not go to the famous 1M. Not because crypto were unsuccesful, but rather the opposite, too much success, too much money wanting the join, too much FOMO. |
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I don't want you to feel like I am dogging you, but on a personal level, I am feeling a bit heavy on the BTC side, because when we went up to $19,000s, I was around 88% BTC, but my bullish inclinations caused me to be kind of on a BTC accumulation mission because I had been selling so much BTC all the way up from $9k-ish and even before that, ever since our mid September correction down to $2,970. Anyhow, by the time we reached $19,666, there was a bit of a sense that we were going to continue going up and to break above $20k (or at least at the time there seemed to have been decent odds to break above $20k, which kind of seems absurd now, and like we really did need to have this "pause" period).
It still doesn't seem as absurd to me judging from the local market (Greece). Given that we still have in effect capital controls, you can't just wire a big amount abroad and buy BTC. So internal demand has to be met by internal supply - and this "closed system" over here kind of reveals more of the dynamics compared to an open/international system. From what I saw, internal supply dried up sharply after prices went 8-10k+ - in a way mirroring your own sells. This means that most people sold a lot of BTC in sub-10k prices and then there was very little to sell from willing sellers... meanwhile willing buyers wanted a lot of BTC, even up to 20k and beyond (they were paying a premium) yet they couldn't find it. On the international scene, you have similar situations with exchanges being unable to handle new customers, imposing buying quotas, etc. In a way, the market is being bottlenecked by tens of intentional or unintentional obstacles - but the money keeps piling up. I observed the exact same patterns happening down here in South America. Internal supply dried quickly during the run up, and the usual 'Exchange + 3%' premium increased to 5 and then to 8%. It's starting to get better now but it was hard to find any btc at all during christmas and new year. |
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My withdrawals went through.
About an hour for a BCH one and about 12 hours for an ETH one.
Don't panic. Be patient.
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https://www.cryptopia.co.nz/newsStraight from the horse's mouth. From 2 employees to 50 in the space of a year. From 30,000 users to 1,400,000. I'm amazed it functions at all. Sit tight and see whether they can get on top of their workload. Exactly. All exchanges are clearly overwhelmed atm. Let's be patient and not succumb to fud. |
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I've had mine 'Proccessing' for 8 hours.
It's clear all exchanges are overwhelmed right now.
Let's be patient and hope this does not bode badly.
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TRON stupidity explained. Log Price vs. Log Circulation: (edit fixed link) https://i.imgur.com/pcaxeuy.jpgTLDR people buy these shitcoins because they look cheap. Feel free to use this chart to identify the next tard-pump. Do you have that chart in a more "usable" format? |
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Blame the hackers not hitbtc. I hope.
What hackers? Let's not start a FUD run. |
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Funny how they pump 10 more Billion into Ripple and it goes up 25 cents. Such wow, that supply is ludicrous.
And who the hell is buying it? Crazy It's the Koreans. Check out the exchange volumes: https://coinmarketcap.com/currencies/ripple/#marketsBithumb leading with XRP/KRW. Don't ask me why tho.. Do we have any Korean present who could give some insight? |
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It'd be big, specially for Trezor as a company; but I don't think it would be that big or even profitable in terms of money if you think about it. Being offline devices, the damage would be considerably mitigated by time alone. You'd (hopefully) get an email from Trezor an hour after the first few cases confirm a trend warning you to not plug and power your hw anywhere.
Going through the long con of modifying a chip design, going into production, distributing to retailers/waiting for the chips to be used by a company, and then sold and used; only to then choose a date when enough are in circulation to trigger the 0day, and only get as bounty the first random few wallets that come online that day... There are probably easier less involved ways to be a criminal.
They could try to simply sneak out a couple packets with key data every so often, and just acumulate them for the future; but that would get easily found out by people using them in secure networks.
I agree that it is pretty unlikely, but I would point out that the knock off chip fabs are already technically criminals, and the tainted parts would operate normally in non trezor applications and would be sold at a profit. You're right. I imagine it could also act as an "added bonus" set in there for the future, the chip's "retirement plan". When the chip becomes obsolete due to a newer version or competition, there'll still be plenty of wallets lying around in hidden spots. Great time to strike. EDIT: I will never get a hw wallet now. |
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The part in question is the STM32F205RET6 ARM processor which is easy enough to order up at the usual s ources. Unfortunately, counterfeit parts are epidemic in the components industry today, and the incentive to spin up a "special" one of these is...rather large Can't you trust the usual places to source you clean parts? Where do SatoshiLabs order their parts? Now you are starting to think. THAT is a very good question. One would hope that they have a secure delivery arrangement with the manufacturer...one would hope...their website is mute on the subject. You guys had convinced me to get one until I read this post. Is there any evidence to raise the minimum glimpse of suspicion? #doyouknowsomethingwedont? I'd like to know how much damage one of these counterfeit parts can do? How nefarious can they possibly act in this context? Given the amount of dough other people have at stake, I suspect there's already been a lot of digging. I'm personally willing to risk being weirded by technology more than I'm prepared to have someone walk away with a paper wallet. But just barely. It'd be big, specially for Trezor as a company; but I don't think it would be that big or even profitable in terms of money if you think about it. Being offline devices, the damage would be considerably mitigated by time alone. You'd (hopefully) get an email from Trezor an hour after the first few cases confirm a trend warning you to not plug and power your hw anywhere. Going through the long con of modifying a chip design, going into production, distributing to retailers/waiting for the chips to be used by a company, and then sold and used; only to then choose a date when enough are in circulation to trigger the 0day, and only get as bounty the first random few wallets that come online that day... There are probably easier less involved ways to be a criminal. They could try to simply sneak out a couple packets with key data every so often, and just acumulate them for the future; but that would get easily found out by people using them in secure networks. |
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The part in question is the STM32F205RET6 ARM processor which is easy enough to order up at the usual s ources. Unfortunately, counterfeit parts are epidemic in the components industry today, and the incentive to spin up a "special" one of these is...rather large Can't you trust the usual places to source you clean parts? Where do SatoshiLabs order their parts? Now you are starting to think. THAT is a very good question. One would hope that they have a secure delivery arrangement with the manufacturer...one would hope...their website is mute on the subject. You guys had convinced me to get one until I read this post. Is there any evidence to raise the minimum glimpse of suspicion? #doyouknowsomethingwedont? |
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Never got into the whole HW wallet thing. Are they worth it?
Is there any one big significant drawback?
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Hello everyone,
I'm extremely sorry. We've had some pretty heavy family health issues and a housing problem come all at once down here. These last couple weeks have been rather bad for us. I've been knee deep and haven't been able to pay close to any attention to the project in the last few days. Fortunately things are starting to clear up for us now, and yesterday we signed a lease for a new place. That said, days flew by, we reached our due date and I have to talk about where we stand.
We intend to keep going and move ahead, but realistically we need and will re-launch the full campaign with a more all-around exposition in either Indiegogo or Crowdtilt or StartJoin, more material and removing the BTC only payment limitation (which was one of our original goals of having it exclusively funded in BTC, but it ain't happening). I'm still working on the details on how we'll be moving forward and will finish thinking and deciding through the weekend and post the plan on Monday.
As of now however, those of you who wanna opt-out (if you're patient please bare with me till Monday) are free to do so. Please clearly state so here and Gweedo will proceed to refund you. We'll understand and thank you anyway for your support thus far, for real. We'll also be very happy to move forward with those of you who still feel comfortable and believe in the idea.
Again, I'm really really sorry for keeping you in the dark these last few days. You have all been great and we're very very grateful for your support. I feel like I've let you down; all I can say is sometimes life just gets hard and out of control. We hope at least some of you will still accompany us looking forward.
I'll work out the details ahead and post again on Monday, or hopefully sooner.
Thanks,
Santiago.
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If anyone has real information on what's happening with Mt. Gox, please contact me. Any information that leads to the recovery of personal and client funds will receive a percentage.
PM'd sure he still has plenty of coin, Ive been watching the Bitcoin scene since it started, Just to let you know though Karpeles will be reading our PM's too cause I have proof this forum is snitching my PM's and using it against me   You have proof of that? Mind sharing? |
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bitwho brought up a question, as to the shares, I own a single one, so at 0.1%, I make 0.1% of the profit that the game makes across the platforms it's sold on? So if you made $10,000 in profits off of the game in the first month, I would recieve $10 worth of BTC? Please correct me if i'm wrong.
Yes, this is correct ! |
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ha. its fine. we are dealing with money here so i don't mind. that being said. is there any other threads i missed?
[...]
haha so i might have exaggerated a bit, and on purpose too. that is because i want to you to get a bit overworked and really get the mind working. i want you to angry start replying me back and prove me wrong.
Thanks for understanding ! --- Yes, you are mostly right in your self-answers but without the hint of sarcasm  Who: me and my brother. maybe some other guys if we pay you via this IPO
Yes, this is correct ! --- What: i will be paying you upfront for a game or a game + maybe some shares(shares that have no information on how it will work or how i will own be owner of them)
No maybe. If you buy a share you get what's stated: Quoting from the proposal: + Tier II: Equity shares + Full game pre-order + early access copies
490 shares total, worth 0.1% of the game each.
You can get as many shares as you want.
1 game copy per original shareholder (not share!)
The blockchain is the proof that you own them. If you control (ie. can sign a message from) the priv key of the address used to buy the share, you own the share. This is in a similar fashion to what 2nd gen protocol coins are doing (MasterCoin, Nxt, XCP, etc). It has been suggested by many that I try to use the Counterparty protocol to issue the shares and as a first use case for them; but I've looked into it and think it's still too fresh for us and maybe dangerous for our investors (it seems they would only be able to get divs paid in XCP) As for the how, again I quote from the proposal: All of the game’s sales income (excluding the Equity sale itself) will be split among us (51%) and the Equity holders (49% total, 0.1% per share, 490 shares), in the form of monthly BTC dividends to the address used for payment. From release and till the end of times.
--- Where: I had a successful previous indie game so it should be considered to notice that this will totally be a success. There is no future set plans except that we will work hard for this game.Note that this is a good thing, to see a dev that wants to fight hard. But i don't see any form of future plans of attack. (guy, i made a "successful" game once. So give use some support money and we will make this bad ass game. oh and get this... it will be about satoshi! you know.. bitcoin)
Regarding this, please check out this answer: https://bitcointalk.org/index.php?topic=437004.msg5144759#msg5144759and also maybe the interview: http://bitscan.com/bitnews/item/a-first-for-bitcoin-a-video-game-with-bitcoin-at-its-core--- How: Right now, it is too difficult to work on this project so we need some income. Once we receive founding we will try to hire proper stuff. its too hard and too much work to work on it solely as it is at a good paste. If we receive this IPO-prepaid income we can stop everything else in our life and focus only on this game (seriously guys, support us so we can stop working at a pizza parlor and work on this multi-billion-dollar game that will educate the world about bitcoin)
Yup, pretty much spot on ! We're not trying to hide anything here.. --- And your later post: i believe that is what OP is saying , my question is how? and how will we get paid dividends at each sell. what if this game keep selling every week, every month? every year?. How can we check the sale revenue? are we only to depend on your word? there is no info. Only buy one share and receive %0.1 You can't just do that. you need to show and prove how we will get rewarded on helping you now at tough times
This is mostly answered above (from the proposal) but again, it is %0.1 profit share in monthly BTC dividends, forever (games usually have a life cycle of no more than a couple years, but regardless). All information regarding the shares, sales and everything will be made public (it already is in the blockchain) in our website coming very soon (next weekend). There is no way for us to prove anything at this point because nothing happened so far, and there's no way for us to prove the future other than our word. I don't really know what you're referring to or what you're expecting in that sense. Ultimately, it is like any other investment, where you have to assess if it can be done, if you trust the people doing it and whether you think it's a rather good idea. There's no securities for us either in that sense, we just believe in it and are willing and wishing to put the time and effort to make it happen. I hope that mostly answers your doubts, but please let me know any others you might have. |
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Sorry. i like your idea but i feel its a bit skeptical to invest on something that will lunch in july and who knows what kind of sales it will have. so i have a few question. Maybe these question are answered somewhere else but i need to ask them.
Who :
Who are you guys? i see that you posted a little information, but you are still very anonymous. Who are you ? Who is you partner? Do you have a company registered ? Does this project have anything registered? facebook? twitter?
What:
What exactly am i buying if i go with tier II option. %0.1 percent of what? Game sales ? whole company?
How will i be legally bonded to this shares? How will i know i will always own %0.1 percent times each share? what will stop you guys from giving up and not paying us? How will we see what the actual sales margin are? If you go big and start having accessories sold such as games controllers, graphic cloth wear ,etc are we still going to be considered as owner of %0.1 shares?
Why :
Why should i invest. I know this is a harsh question and every project is a vision to the developers but i need you to give us your hindsight. Why do you need the money? if you so confident in your game and its design why not borrow from relatives/banks and own it %100?
Where:
Where do you see your self, the company and the game 6 months, 1 year, 2 year and and possible 5 years from now? Again, this is probably a harsh questions but i will need to know how far of a vision you guys have. Where is the limmit?
How:
How are you prepared to push this to mass market? How is your team going to push for this to get to reach the above goals?
thanks you. will be watching closely and waiting in anticipation for your answers. Please try to be as much detailed as possible
Hey bitwho, I don't want to be rude here, but what you're asking is for me to re-write the whole proposal here, which it seems you have not read at all. If you are even 10% serious on considering investing here (or anywhere else), please take the 10-15 minutes required to go through, read, and understand all the available information (full proposal, answers to questions in both threads, interview, etc). This is a very important good practice and part of your due-diligence when considering this or any other investment. Please do not take this the bad way, but you ask for "as much detailed as possible" and yet haven't even read the proposal; that's where all the details are ! I will gladly answer any questions you put forth after reading the whole thing. Thanks and please understand. It is in no one's best interest that I save you the 15 min of doing so by retyping everything here. (link to full proposal in my sig btw !) |
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I don't think they lost 740,000BTC in the sense of "they had it" versus maybe they were selling Bitcoins they never really had in the first place. :-/
Yes but still... how can you not notice that amount? If you've ever run any kind of website you know there's just no way... |
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