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1  Bitcoin / Press / [2018-05-24] Bloomberg - US launches price manipulation probe on: May 24, 2018, 09:01:11 AM
https://www.bloomberg.com/news/articles/2018-05-24/bitcoin-manipulation-is-said-to-be-focus-of-u-s-criminal-probe

The justice department in association with the CTFC is launching an investigation into Bitcoin price manipulation and all the jolliness such as spoofing and wash trading that comes with it.

I didn't know that a US judge recently ruled BTC can or is regulated like a commodity - http://fortune.com/2018/03/07/bitcoin-cftc-commodities-coin-drop-markets/

Since most of it takes place a billion miles from their jurisdiction how will they do anything even if they find something?

It's bleeding obvious all of this takes place and much worse. Can't see how they'll ever stop it.
2  Bitcoin / Press / [2018-05-22] "The blockchain's killer app is trading" on: May 22, 2018, 06:51:42 PM
https://tradingplacesnewsletter.com/move-over-crypto-enthusiasts-wall-street-will-take-it-from-here-5b5a9067bc5

Despite the odiousness of the headline, so far they're right about there being no real world applications beyond trading and this article certainly paints a picture of Wall St starting to have some fun.

How balls deep do you think they are?
3  Bitcoin / Mining / The State of Cryptocurrency Mining by David Vorick (Sia) on: May 13, 2018, 06:38:17 PM
https://blog.sia.tech/the-state-of-cryptocurrency-mining-538004a37f9b

A fine overall read here from someone close to the front lines.

TLDR - unless you're Bitmain or someone similar you're probably eventual toast.
4  Economy / Service Discussion / Localbitcoins confirms ID verification and one account per person on: May 12, 2018, 05:43:04 PM
https://localbitcoins.com/gdpr

Most people knew this was coming but here's the confirmation anyway. ID verification will be required when you hit certain volume limits. Thank the EU rather than them. I presume this'll speed up decentralised options.
5  Economy / Speculation / Chinese ministry to publish 'blockchain ratings' on: May 12, 2018, 10:14:09 AM
http://www.scmp.com/business/commodities/article/2145767/chinas-ministry-industry-and-information-technology-publish

The China Center for Information Industry Development (CIID), the institute responsible for advising on policy in technology, is researching and publishing ratings for 28 coins including BTC, ETH, NEM, XMR and plenty of others.

Anyone care to extemporise on what the implications are of this? Does this mean China is looking into 'rehabilitating' certain projects?
6  Bitcoin / Electrum / Electrum 'we now have proof Electrum Pro is malware' on: May 08, 2018, 05:48:43 PM
https://twitter.com/ElectrumWallet/status/993819715855405056

I had no idea there were differing Electrums battling it out. Be careful out there, kids. In this day and age I'd be buying up every major domain imaginable before launching my project but that's often horribly expensive.
7  Economy / Speculation / The SEC and their securities verdict on: May 07, 2018, 11:25:58 AM
Surprised there's not a thread on this.

The SEC are scheduled to have a  meeting today regarding whether projects like ETH and XRP are securities. Dunno if and when the actual verdict arrives.

My guess is that it's unlikely they'll go for a yes for the biggest projects. It's more work for them and ETH at least has done enough to evolved beyond that classification. I'm sure many an ICO is going to get a raping.

Would a yes classification for some give Bitcoin's value a knock or a fillip? Would the whole alt market have a major wobble?
8  Bitcoin / Bitcoin Discussion / Bitcoin's 'immaculate conception' on: May 02, 2018, 05:39:03 PM
This thread here touches on something that really isn't mentioned often enough.

https://twitter.com/giacomozucco/status/991438132812943369

https://twitter.com/giacomozucco/status/991442604033302528

Bitcoin's birth can never, ever be replicated. No coin can ever again come out of nowhere and float in the ether waiting to be picked up by the human race.

For me at least this is one of the major factors as to why BTC will always be up there. Of course coins like LTC had a better initial distribution but that was entirely down to the world Bitcoin carved out of nothing for it.

Is this something you ever mention when talking about Bitcoin to other people, something that regularly slips your mind or something you don't give a toss about?
9  Bitcoin / Press / [2018-04-30] Forbes - Japan pushes exchanges to drop 'criminal' coins on: April 30, 2018, 11:31:59 AM
https://www.forbes.com/sites/adelsteinjake/2018/04/30/japans-financial-regulator-is-pushing-crypto-exchanges-to-drop-altcoins-favored-by-criminals/#3db0453c1b8a

The Japanese financial regulator is nudging exchanges there to drop coins with privacy baked in. I can well see the same being 'suggested' to all exchanges everywhere as more of them fall into regulatory line.

By the point it's everywhere I can see things like atomic swaps making it something users will shrug off, but it's an area that isn't speculated on enough. I for one am not surprised in the slightest.
10  Economy / Speculation / Russia - the internet belongs to the Americans, but blockchain will belong to us on: April 29, 2018, 10:20:26 PM
https://www.nytimes.com/2018/04/29/technology/blockchain-iso-russian-spies.html?partner=rss&emc=rss

'Some of the technologists at the meeting of the International Standards Organization were surprised when they learned that the head of the Russian delegation, Grigory Marshalko, worked for the F.S.B., the intelligence agency that is the successor to the K.G.B.

They were even more surprised when they asked the F.S.B. agent why the Russians were devoting such resources to the blockchain standards.

Look, the internet belongs to the Americans but blockchain will belong to us,'


To me at least this seems a tad silly. 'Blockchain' is so fluid that I don't see how anyone or anywhere can ever stake a permanent claim to anything.

What form would a country's attempt to dominate look like?
11  Bitcoin / Press / [2018-04-23] NPR - How the tiny nation of Georgia became a Bitcoin behemoth on: April 23, 2018, 04:39:46 PM
https://www.npr.org/sections/parallels/2018/04/23/597780405/how-the-tiny-nation-of-georgia-became-a-bitcoin-behemoth

A very interesting read about the distortions that occur when Bitcoinland descends on a small economy. Right now it doesn't look like Georgia itself gets all that much out of it. I hope that changes.

12  Bitcoin / Press / [2018-04-23] Circle ups minimum BTC trades to $500,000 on: April 23, 2018, 03:50:10 PM
http://uk.businessinsider.com/circle-trade-ups-bitcoin-trade-minimum-2018-4?r=US&IR=T

Despite the occasional quietness on the exchanges, this is certainly a sign that things are rumbling away in the background. Circle are reporting trades above $100 million.

I'd love to hear more about the OTC markets. They're never, ever mentioned on this forum but it's where the epic sales take place.
13  Economy / Speculation / Crypto trading time vs Olde Worlde trading time on: April 22, 2018, 10:52:53 PM
I thought this was a dead interesting post on an area which is hardly ever picked up on.

In essence it's comparing the amount of actual trading time between crypto and conventional markets. It's easy to forget when we're mired in a 24/7 global market, the old school ones are largely national and operate only during a limited number of business hours which is incomprehensible to yer average moonkid.  


https://www.reddit.com/r/BitcoinMarkets/comments/8e5z5u/this_was_never_even_a_real_longterm_bear_market/dxsqqc2/

"The NYSE is open 6.5 hours per day for 252 days per year, yielding 1,638 hours of trading time annually. Crypto markets are open 24/7/365, yielding 8,760 hours of trading time annually.

1 year of crypto trading = 5.3 years of NYSE trading
1 month of crypto trading = 5.3 months of NYSE trading
1 week of crypto trading = 5.3 weeks of NYSE trading"


Do you reckon this means applying this formula can yield previously unnoticed parallels or makes comparing them even sillier than before?




14  Bitcoin / Bitcoin Discussion / What moment will convince you Bitcoin is no longer a niche thing? on: April 22, 2018, 08:09:03 PM
I still see people rolling out the old '0.00001% of the world's population own any' line which is slowly losing its validity. I'm sure it's still a small amount but there will be a point where Bitcoin fans can no longer claim to be the underdog flying under the radar.

What would that point contain to convince you that you're now part of the boring mainstream?
15  Bitcoin / Press / [2018-04-20] Cointelegraph - Wikileaks calls for Coinbase boycott after shop ban on: April 21, 2018, 01:09:17 PM
https://cointelegraph.com/news/wikileaks-shop-reports-suspension-of-coinbase-account-due-to-terms-of-service-violation

This is a really weird story. I can't believe Wikileaks is still using a centralised service considering their own history of shutdowns as if they expected Coinbase to be any different to Paypal.

And I also thought Putin was paying the bills anyway these days.
16  Economy / Exchanges / Anyone here use OTC trading services? What are they like? on: April 15, 2018, 11:32:16 PM
There are some big ass OTC operations out there like Genesis Trading, Cumberland Mining and others. Despite this we never, ever hear anything about them here.

There must be people who've bought and sold through them on here so I would like to know what the experience was like. I'd vastly prefer using one to an exchange but there's little information on what the user experience is like.

How personal was it? How did you verify addresses to send to? Did they have buyers or sellers reading and waiting to meet your offer or did you have to register yours and wait? How long did the whole thing take from start to finish?

Enlighten us please.
17  Economy / Service Discussion / Educate us on the ins and outs how sig campaigns work and their effectiveness on: April 09, 2018, 03:08:07 PM
I presume only retired campaign operators would share, but sig campaigns are everywhere yet we never really hear anything about their ins and outs. Since there are so many they obviously do work, but I wonder how well. For some of the bigger campaigns thousands of dollars per week are flying out the door.

I'd be very curious to know how many clicks to their site happen per user and how many of those clicks translate into actual business. Have cost and effectiveness comparisons been made between adsense (RIP) and Bitcointalk?

As crypto advertising is doomed elsewhere I suppose we're likely to see a considerable increase in campaign activity, but while all options were available I'd love to know how the varying ones stacked up against each other.

And how did the decision form to advertise in this manner?

Let's hear from insiders and throwaways.
18  Bitcoin / Press / [03-04-2018] Bloomberg - exchanges are charging millions to list coins on: April 03, 2018, 06:49:53 PM
https://www.bloomberg.com/news/articles/2018-04-03/crypto-exchanges-charge-millions-to-list-tokens-autonomous-says

This is of course a no shit Sherlock type of headline, but what I didn't know is that they're charging ongoing annual fees too. Surely the trading fees would've been enough. And I can't see any scenario where they'd remove a successful coin because they weren't being bribed, but maybe it's possible.

The only alt I'm proper familiar with is NEM which has always refused to pay exchanges to list. They've paid for that in lack of volume on occasion too.

I wonder what the landscape would look like if this wasn't a thing.
19  Bitcoin / Press / [03-04-2018] The Independent - John Mcafee charges $105,000 per shill tweet on: April 03, 2018, 06:03:44 PM
https://www.independent.co.uk/life-style/gadgets-and-tech/news/cryptocurrency-price-change-value-john-mcafee-twitter-bitcoin-latest-a8286806.html

https://mcafeecryptoteam.com/effect.html

Fair enough for being open about it. I've yet to discover why this bloke's opinion has any value but I've given up trying to figure out what moves markets.
20  Economy / Service Discussion / Will exchanges have learnt anything from this bubble? on: March 29, 2018, 02:44:55 PM
Looks like we're on our way to hell for now at least. There probably won't be a legit bull run for a decent length of time now. When the next one comes it will dwarf the one we've just witnessed just as 2013 was this time.

With this in mind do you reckon that exchanges will be ready for the next one or will there even more seizures, crapping out and closures to new users?

With the way crypto explodes and then dies I really don't see how any exchange can afford to train and employ enough people to be ready for something that may be months or years away. If volumes are pitiful then there aren't enough earnings to prepare and employ them in wait.

Bigger companies such as Circle are coming on board, but Circle themselves dropped BTC retail when interest died off.

So will they do it right or will we get more of the same?
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