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1  Bitcoin / Press / [2018-10-11] The Telegraph: Economist who predicted financial crash warns... on: October 11, 2018, 09:55:57 PM

Fresh FUD from UK, today's hot topic is Nouriel Roubini.

Economist who predicted financial crash warns Bitcoin is 'mother of all scams'
https://www.telegraph.co.uk/technology/2018/10/11/economist-predicted-financial-crash-warns-bitcoin-mother-scams/

Quote
The economist who predicted the 2008 financial crash has warned American politicians that Bitcoin is “the mother of all scams” during a Senate hearing on cryptocurrency.

Nouriel Roubini, a fierce critic of virtual currency, took aim at the blockchain technology underpinning cryptocurrency, which is often hailed as transformative even by those cynical about digital coins.

“Blockchain is the most over-hyped technology ever,” the New York University Professor told the Senate Banking Committee. “It is nothing better than a glorified spreadsheet or database.
...
2  Other / Meta / 2 questions (Merit & Spam related). Higher ranked opinion needed. on: September 24, 2018, 09:06:11 PM

1 - Newbie starts a topic - copy/paste content from bitcoin-related article + link (so no plagiarism), no own thoughts nor any other contribution. Is it treated as spam and should it be reported to mods, or is it allowed and we should just ignore it?

2 - Would you reward a Newbie with his 1st merit point, if you see a decent post of his and/or engagement in discussion, but his posting history is, in vast majority, bounty-campaign proof posts? Do you consider such people as spammers, or you just ignore campaign-report posts? After all, they don't pollute the forum and are contained in dedicated threads.
3  Alternate cryptocurrencies / Speculation (Altcoins) / Thoughts on GAB Tokens (GAB.io) ICO (SEC filed)? on: September 22, 2018, 02:03:39 PM
Recently I signed up to Gab.io (censorship-free twitter alternative) and few days ago received an email about their ICO: https://www.startengine.com/freespeech

Quote
$4/share of Class B Non-Voting Common Stock deliverable in token form (the “GAB Tokens”)
When you invest you are betting the company’s future equity value will exceed $39.9M.

$40m is a rather modest market cap for existing platform with over 600k registered users. My personal opinion is that it's a "low risk - low reward" type of thing. It will hit $40m market cap but won't get higher than 2x that.

CoinDesk:
https://www.coindesk.com/alt-right-ico-social-network-gab-sell-10-million-tokens/
SEC filing:
https://www.sec.gov/Archives/edgar/data/1709244/000114420418004542/tv484000_partiiandiii.htm#gab_006

They've already raised $404,752. The minimum is $252, which is a bit too much to throw around without doing proper research.

Thoughts on that? What's the potential here?
4  Local / Polski / Nowe restrykcje dla rang Newbie i Junior on: September 17, 2018, 02:41:50 PM

Oryginal:
Enhanced newbie restrictions & requirements

W skrocie, uzytkownicy 'Junior' z zerowym stanem merit zostali zdegradowani do rangi 'Newbie', ktora to od dzisiaj nie moze nosic sygnatur.

Juniorzy pokrzywdzeni przez nowa zmiane beda potrzebowali tylko 1 pkt merit aby odzyskac range.
5  Economy / Speculation / Do you have empathy for rekt "investors"? - POLL on: September 12, 2018, 08:48:52 AM
How do you feel about those who bet their life savings on Bitcoin/crypto. Do you have sympathy for them, or more of a despise for being essentially degenerate gamblers?

Here's some example, meet Sean Russell, cryptocurrency investor:


https://money.cnn.com/2018/09/11/investing/bitcoin-crash-victim/index.html

Quote
Russell rarely played the stock market and had little investing experience when he put around $120,000 into bitcoin in November 2017. He was stunned when that turned into $500,000 in just one month.
...
The dream didn't last for Russell, who works as a property developer in the United Kingdom, buying homes and fixing them up. The price of Bitcoin surpassed $20,000 in December before collapsing. It now trades at $6,300.

Russell attempted to mitigate his losses by shifting money from bitcoin (XBT) to an offshoot called Bitcoin Cash and other cryptocurrencies including Ethereum and Ripple. But that didn't work, and Russell says the paper losses on his initial investment have reached 96%.

Vote changing allowed, no time limit.
6  Alternate cryptocurrencies / Altcoin Discussion / Hot off the press. Get ready for Crypto Island on: September 04, 2018, 12:19:16 PM

Things are getting serious:

Cryptocurrency behind Great Keppel Island's $300 million resurrection
https://www.smh.com.au/business/companies/cryptocurrency-behind-great-keppel-island-s-300-million-resurrection-20180903-p501ip.html



Quote
Now an ambitious cryptocurrency consortium plans to resurrect it as a high-tech wonderland including a luxury resort, private villas and apartments, a golf course, retail outlets and a marina in what is being sold as the world’s largest cryptocurrency-backed property deal.
...
In coming days investors will be invited to buy so-called Great Keppel Island Tokens in order to fund the $300 million development through what is known as a Security Token Offering, similar to an initial public offering for shares.

The tokens will be tradeable on existing cryptocurrency exchanges. Unlike other cryptocurrencies though, the GKI Tokens will be backed by the value of the development, which the consortium behind the deal claims will be worth billions after the development is complete.

If this works, ICO could be seen as the most effective way to raise funds even for high profile developments. But something tells me this will end up as just another money-grab scheme where ownership of token means nothing. Anyhow, looking forward to the whitepaper.
7  Economy / Speculation / Good or bad? 18% of US students own cryptocurrency on: September 02, 2018, 08:43:25 PM
Coinbase Survey Shows 18% of US Students Now Own Cryptocurrency
https://www.coindesk.com/crypto-blockchain-class-universities-coinbase/

You could argue that Coinbase-commissioned survey on only 675 students is not very reliable, but assuming it's true and that nearly fifth of students is already into crypto, do you see it as a bullish or bearish news?

On one hand, it shows that cryptos are already (almost) mainstream, hence there's not much room for further growth.
On the other hand, in few years time, those 18% will be earning real money and it's more likely they will choose cryptos as their preferred investment.

Thoughts?

EDIT: Coinbase blog link: https://blog.coinbase.com/the-rise-of-crypto-in-higher-education-81b648c2466f
Topic is self-moderated to counter any nonsensical spam replies
8  Bitcoin / Bitcoin Discussion / UK hospital launches rehab programme for bitcoin addiction on: May 29, 2018, 09:44:43 PM

Time to face the truth lads, cryptos are nothing but a filthy addiction, not much different to gambling.


UK hospital launches rehab programme for bitcoin addiction
https://www.independent.co.uk/news/business/news/bitcoin-addiction-rehab-cryptocurrency-trading-castle-craig-hospital-a8373801.html

You don't have to live like this. There's more to life. GET HELP NOW!

9  Bitcoin / Press / [2018-0406] Fortune.com: Former Bitcoin Exchange CEO No Longer Believes In BTC on: April 06, 2018, 03:10:48 PM


Former Bitcoin Exchange CEO No Longer Believes In Bitcoin

http://fortune.com/2018/04/06/mt-gox-bitcoin-exchange-ceo-mark-karpeles/

Quote
The former chief executive officer of the once-largest Bitcoin exchange, Mt. Gox, said he no longer is a Bitcoin believer, and sounded pessimistic about cryptocurrencies in general.

“The technology is definitely here to stay, but Bitcoin may have trouble evolving and keeping up,” Mark Karpeles said Wednesday in a chat on the online message board Reddit. “I could be wrong about this. I’ve been wrong about a lot of things.”



Link to the AMA on reddit (quite interesting): https://www.reddit.com/r/Bitcoin/comments/89o16y/im_mark_karpel%C3%A8s_exceo_of_bankrupt_mtgox_ask_me/
10  Bitcoin / Bitcoin Discussion / Lamboland is NOT a meme on: April 04, 2018, 08:14:35 AM

When memes become reality, fresh press hit:

Quote
In an interview with CNBC earlier this year, Pietro Grigerio, a dealer principal at a Lamborghini dealership in California, said his dealership has witnessed the trend firsthand. In December, when Bitcoin was hovering at $19,000, cryptocurrency-related purchases for Lamborghinis at his dealership soared from one or two a month between 2013 and 2016 to more than 10 deals in December.
http://fortune.com/2018/04/03/bitcoin-millionaire-lamborghini-when-lambo/


When's your lambo due? https://when-lambo.com/
11  Bitcoin / Bitcoin Discussion / No country for Bitcoin miners. PoW change when? on: March 04, 2018, 10:40:20 PM
With China announcing their intention to cap electricity usage of BTC miners last year, many saw that as a great news as large mining farms declared their interest in moving to other countries (namely Bitmain exploring their chances in Canada).

But now, when Canadians (and others) are starting to frown upon taking on miners, how big of a problem can this become?

Related links:
Quebec: ‘We’re Not Interested’ In Bitcoin Mining Without ‘Added Value’
Even With Energy Surplus, Canada Unable to Meet Electricity Demands of Bitcoin Miners
Iceland May Implement Bitcoin Mining Tax Due to Energy Consumption

Is it time we have a serious discussion about energy consumption issues and possibility of changing PoW algo? Already proposed by Cřbra (Co-owner of bitcoin.org & bitcointalk.org), but for a different reasons.
12  Bitcoin / Bitcoin Discussion / Crypto-currencies cause deaths - Bill Gates on: March 02, 2018, 09:59:28 AM

Found this gem in my news feed:

http://www.bbc.co.uk/news/technology-43239781

Bill Gates says crypto-currencies cause deaths

Quote
Right now, crypto-currencies are used for buying fentanyl and other drugs so it is a rare technology that has caused deaths in a fairly direct way.

We all have blood on our hands guys, how does this make you feel? Bitcoin can't keep getting away with this. It's time to stop before crypto body count goes even higher.

But seriously, has he gone insane? What kind of logic is that? If I buy a gun and shoot someone - I'm not the one causing death, not even the gun itself, it's the currency that caused death in "fairly direct way".

Lets take it a bit further, if I buy drugs with btc using wallet installed on Windows os - would he take responsibility if I overdose?
13  Other / Meta / How did he do this? A bug? on: February 15, 2018, 10:15:15 AM
Can anyone explain how is it possible to alter your post stat?

https://bitcointalk.org/index.php?action=profile;u=113106


Comprar antes del 5 de marzo

Code:
01000010 01110101 01111001 00100000 01100010 01100101 01100110 01101111 01110010 01100101 00100000 01001101 01100001 01110010 01100011 01101000 00100000 00110101

Edit:

I made it!!


[imghttps://s17.postimg.org/6dqnd5gan/made_it.png[/img]http://


What does any of this apparent hacking of the post count in your profile have to do with the fact that BTC HODLers (hopefully including ur selfie, even if you have been demonstrating hostility to yours truly) are either going to be RICHIE, soon, or at least less poorie... .?

Looks like we BTC peeps are about ready to test resistance at $10k  --- I don't know the odds of penetrating to the upside and staying there, but at least for the moment we are moving on up, as the Jeffersons might sing. getting closer, getting closer and Feeling good..... Feeling good.

Actually not a hack, just one of the many quirks of this forum, perhaps look into it before you accuse.

As far as the rest.....Look at --25 Septiembre 2016; DMI Indicator-Weekly



14  Economy / Service Discussion / possible Poloniex leak/hack? on: February 10, 2018, 10:52:26 PM
Hopefully it's nothing and the guy is just larping but someone posted a snippet of, allegedly, poloniex' log in credentials and is threatening to dump complete list tomorrow:

https://twitter.com/poloniexhack/status/962288838692474880

Let's wait and see till tomorrow whether he delivers.

Edit: if he tweets any link tomorrow, be extra cautious and inspect before clicking/downloading anything.
15  Other / Meta / Merit system - simple improvement on: February 01, 2018, 01:04:41 PM
What about changing user profile merit page so it shows total of merit sent/received + number of users transacted with, i.e.:


Merit sent:         123 from 74 different users
Merit received:   115 from 92 different users


And, in addition, the "history" button that directs to the page with all the details of merit transactions (what is now the current Merit page).

Rationale:

You can calculate the total numbers right now, but it's going to be progressively harder as the time goes by.

Total numbers are simple and useful tool when you want to use merit score as a rough guide of user's constructiveness and contribution to the forum (i.e. for signature campaigns applicants).

Such numbers also help to quickly compare users based on points actually earned (adjusting for their initial distribution merit score).

Number of users transacted with also helps in detection of "anomalies" (aka trading points), i.e. 250 received merits but only from 4 users could suggest abuse or misuse of the system.

Thoughts?

ps. Idea is so simple, I wouldn't be surprised if someone suggested this before, but haven't seen it yet, so sharing.
16  Bitcoin / Bitcoin Discussion / First UK's bitcoin robbery. Stay safe. on: January 29, 2018, 02:49:45 PM
Sad story from UK, it's all over the news today:

Britain's first Bitcoin heist as trader forced at gunpoint to transfer cyber currency
http://www.telegraph.co.uk/news/2018/01/28/britains-first-bitcoin-heist-trader-forced-gunpoint-transfer/

Quote
Armed robbers broke into the family home of a city financier turned Bitcoin trader and forced him to transfer the digital currency at gunpoint, in what is believed to be the first heist of its kind in the UK.

Four robbers in balaclavas forced their way into the home of Danny Aston, 30, who runs a digital currency trading firm, before reportedly tying up a woman and forcing Mr Aston to transfer an unknown quantity of the cryptocurrency.
...

Other links:
http://metro.co.uk/2018/01/29/uks-first-bitcoin-robbery-prolific-trader-forced-transfer-fortune-7268576/
https://www.thesun.co.uk/news/5444048/bitcoin-robbery-gunpoint-danny-aston-oxfordshire-amy-jay-baby/



I hope targeting bitcoiners won't become a new trend for criminals.

And seriously, what's the best practice to prevent such cases, when you hold/have access to significant amount of bitcoins? Sure you could hide your private key (or part of it) in some secure place outside of your home, but then the risk of you (or your family) getting tortured or even killed increases. Well organised group as described above unlikely would be happy to leave with nothing.

And what about exchanges? 2FA is a prevention from hacking, but won't work at all if you're held at gunpoint. I'd be very happy to see some extra (opt-in) security features on exchanges, i.e. few days delay in withdrawing BTC above certain amount.

Thoughts?

Disclaimer: I'm just a humble crypto-enthusiast and only hold modest amounts. Plz no raid.

Edit: alternative thread (no signatures allowed): https://bitcointalk.org/index.php?topic=2838558.msg29168004#msg29168004 (thanks vintages)

Edit2: Please don't quote this entire post when replying unless it's necessary (almost never is). It makes thread harder to read and it's a bad practice.

Edit3: another, more horrific story from Moscow: https://cointelegraph.com/news/moscow-man-mutilated-and-mugged-for-1-million-in-bitcoin-local-sources-report
17  Bitcoin / Bitcoin Discussion / Greg Maxwell resigned from Blockstream on: January 19, 2018, 12:28:29 PM

As in topic. More details:

https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2018-January/015586.html

Quote
In order to spend more time working independently on deep protocol
work, especially new cryptographic privacy and security technology for
Bitcoin, I resigned from Blockstream last November. It took until the
end of December to wind down my involvement there.

18  Economy / Speculation / The daily FUD on: January 16, 2018, 10:08:25 AM
Bitcoin price plunges as South Korea say cryptocurrency ban 'still a real possibility'
https://www.standard.co.uk/news/world/bitcoin-prices-plunge-as-south-korea-say-ban-is-still-real-possibility-a3741061.html

China is reportedly raising the bar on its cryptocurrency crackdown
https://www.cnbc.com/2018/01/15/china-is-reportedly-raising-the-bar-on-its-cryptocurrency-crackdown.html

China's Shutdown Of Bitcoin Miners Isn't Just About Electricity
https://www.forbes.com/sites/sarahsu/2018/01/15/chinas-shutdown-of-bitcoin-miners-isnt-just-about-electricity/#430f520f369b

We're going sub 10,000 lads.
19  Bitcoin / Bitcoin Discussion / Is Bitcoin "Mainstream" yet? The poll. on: January 11, 2018, 09:18:21 PM

Simple poll. Question as in topic.

No time limit. Vote changing allowed.

Self-moderated just in case, but I don't intend to use it.



Things to consider:

Brand recognition - you can hardly find anyone who has never heard about Bitcoin. They sure as hell don't know how it works, but they heard about it.

Omnipresent mainstream media coverage - countless number of press hits and mentions, all the financial 'gurus' have talked about it. No one is surprised by this anymore.

Years ago most would define 'mainstream' as widespread merchant adoption, but maybe it just wasn't meant to be...

Vote. Discuss.
20  Bitcoin / Bitcoin Discussion / Kodak starts bitcoin mining + launches KodakCoin on: January 10, 2018, 07:40:37 AM
Just when I thought nothing in the crypto world could surprise me anymore

https://www.bbc.co.uk/news/amp/technology-42630136



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