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61  Alternate cryptocurrencies / Altcoin Discussion / Re: [NEWS] Monero Fire Burning Out of Control ! on: June 19, 2017, 10:58:49 AM
Zcash already made Monero irrelevant.

The Dude abides. Don't buy Monero. Tell them I said so.
62  Alternate cryptocurrencies / Altcoin Discussion / Re: [NEWS] Monero Fire Burning Out of Control ! on: June 19, 2017, 08:39:07 AM
rpietila's Crypto Kingdom game is a scam, heavily in debt. Do not deposit funds.

The Monero guys want this swept under the rug but it's BIG news !

Yup more Monero drama ..as usual.  Cheesy

This sounds like a scam website is out of control.

What does this have to do with Monero currency?

Thanks
63  Bitcoin / Bitcoin Discussion / Re: You Won't Believe This Stupid New Law Against Cash And Bitcoin on: June 18, 2017, 05:58:05 AM
Quote
Recently a new bill was introduced on the floor of the US Senate entitled, pleasantly,

“Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017.”

You can probably already guess its contents.

Cash is evil.
 
Bitcoin is evil.
 
Now they’ve gone so far to include prepaid mobile phones, retail gift vouchers, or even electronic coupons. Evil, evil, and evil.
These people are certifiably insane.

Among the bill’s sweeping provisions, the government aims to greatly extend its authority to seize your assets through “Civil Asset Forfeiture”.

Civil Asset Forfeiture rules allow the government to take whatever they want from you, without a trial or any due process.

This new bill adds a laundry list of offenses for which they can legally seize your assets… all of which pertain to money laundering and other financial crimes.

Here’s the thing, though: they’ve also vastly expanded on the definition of such ‘financial crimes’, including failure to fill out a form if you happen to be transporting more than $10,000 worth of ‘monetary instruments’.

Have too much cash? You’d better tell the government.

If not, they’re authorizing themselves in this bill to seize not just the money you didn’t report, but ALL of your assets and bank accounts.

They even go so far as to specifically name “safety deposit boxes” among the various assets that they can seize if you don’t fill out the form.

Oh, and on top of civil asset forfeiture penalties, there are also criminal penalties.

Right now according to current law they can imprison you for up to FIVE YEARS for not filling out the form. Five years.

But apparently that doesn’t go far enough to protect us against evil men in caves.

So this bill aims to double the criminal penalty to TEN years in prison.

And if that weren’t enough, this bill also gives them with new authority to engage in surveillance and wiretapping (including phone, email, etc.) if they have even a hint of suspicion that you might be transporting excess ‘monetary instruments’.

Usually wiretapping authority is reserved for major crimes like kidnapping, human trafficking, felony fraud, etc.

Now we can add cash to that list.

It’s not just government spy agencies to worry about, either.

Banks in the US are already unpaid government spies, required by law to fill out suspicious activity reports on their customers.

Then Congress started expanding those requirements to include other businesses and industries that might come into contact with cash.

Stock brokers. Casinos. Currency exchanges. Precious metals dealers. Pawnbrokers. The Post Office.

According to the law (section 5312 of US Code Title 31), those industries are also required to spy on their customers for the government.

But under this new bill, they want to forcibly recruit even more unpaid spies, including any business which issues or redeems ANYTHING that’s prepaid.

Prepaid credit cards. Prepaid phones. Prepaid retail gift cards. Prepaid coupons.

So, Amazon.com, which issues and redeems prepaid gift cards, will be required under this bill to file reports to the government.

For that matter, TGI Fridays and Chuckee Cheese will also become unpaid government spies since they both issue and redeem prepaid vouchers.

Truly these Senators have figured out how to strike at the heart of ISIS.

http://www.zerohedge.com/news/2017-06-14/you-wont-believe-stupid-new-law-against-cash-and-bitcoin

US banks and governments showing once again they oppress innovation and progress and work hard to keep people from succeeding at their dreams or ambitions.

Will russia pass a similar bill I wonder? What of japan, canada or australia? I think they will be pressured to pass similar bills in the days to come.

This may only affect the united states as only americans are heavily armed and globalists seem to focus more on the USA for that reason.

This govt it quickly trying to replace itself. Tyrants gonna be tyrants.
64  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Where to sell XMR? on: June 17, 2017, 05:38:57 PM
I would like to sell my XMR?
Can you tell me some market which is not scam and is valid.
I mean if possible to sell directly to USD if not then to BTC.


- me

- ShapeShift.io

- poloniex

- Bitfinex
65  Alternate cryptocurrencies / Altcoin Discussion / Re: How exactly does PoS work? on: June 17, 2017, 05:10:45 PM
I've tried to do some research on PoS but everything I found was that you get a "chance" of mining a block based on your stake and that's basically all I ever found - anywhere... there was no specific example or anything, so I've got few questions;

1. If I'm correct [I might be not], coins like Ethereum use the miners as the power behind the contracts and thus creating one supercomputer that you basically "rent", right? this might not be correct as I didn't do much of a research, but from what I know it looks like that... for the question: when Ethereum switches from PoW to PoS, the power of that "supercomputer" will go down, as it won't use the "work" anymore, there will be only nodes, right? or are the nodes ones that do the computing of the network for the contracts? while writing this I realize I have no idea how Ethereum works, so could someone explain?

2. when owning a stake, one is entitled to a chance of mining a block, but how does that exactly work? let's say there's a cryptocurrency that has 1 000 000 coins "locked" in for mining and I've locked in 10 of my coins, thus having a 0.001% chance of mining a block - so basically none... are there pools as well, where I coin and take a share whenever a pool is selected to mine a block, or how does the PoS work?!

like, seriously... I watched bunch of videos, looked around for some documents and all I found was basically a simple "you lock in an amount of coins and you are entitled to a chance of mining a next block equal to the stake you own of all locked in coins", but this is basically a lottery unless you've got solid amount of coins locked in with a pretty big chance to be selected! I understand that PoS is better than PoW in a way that you actually don't "waste" the energy and there's a less chance of a 51% attack, but why would anyone want to mine unless they invest shitload of money in coins that they'll have to lock in after, just to mine a few more?

I'm seriously confused by the PoS ... help? Cheesy

Me too, man. Seriously, thanks for the question. I hope someone can fill in old dude.
66  Economy / Trading Discussion / Re: Need to find a way to hedge BTC through long-term shorting on: June 17, 2017, 07:08:03 AM
I'm shopping around for the best way to get short exposure to bitcoin for a hedging position.

Just checked Bitmex and the fees are too high. Same with Poloniex. Any other short options?

In other words you want to sell your Bitcoin. If pretending to sell your Bitcoin is too expensive then sell it for real! Smiley
67  Bitcoin / Bitcoin Discussion / Re: what is the best when HARDFORK happen, we have bitcoin or we sell bitcoin? on: June 15, 2017, 06:12:22 PM
what is the best when HARDFORK happen, we have bitcoin or we sell bitcoin? Huh

Keep your Bitcoin in your own personal wallet during forktime and you have full control.

This will be an interesting time for Bitcoin but when it's all over you can be sure Bitcoin will be stronger than it is now.

Repeat. Keep your money in Bitcoin but don't keep it on an exchange or hosted wallet.

Any wallet where you have your own secret keys aka. Seed phrase is fine.
68  Economy / Web Wallets / Re: Is Freewallet.org legit? How can the owners be reached? on: June 14, 2017, 09:41:32 AM
Update: Interpol was contacted, they managed to track the owner, my friend has received his money back, and I hope other victims will get their money soon too.

I have a hard time believing police have returned money to someone so fast.

69  Alternate cryptocurrencies / Altcoin Discussion / Re: What is the best trade you ever made? on: June 14, 2017, 06:15:29 AM
Last week i made like 15 LTC profit buying coins in bitcoin and selling them in litecoin! I search for buying min 10 times lower in BTC then selling in LTC! that was really fun! I saw even one transaction of 60 LTC! From someone that bougth up a lot of one altcoin paying in LTC while the price in BTC was 50 times lower! Unfortunately my stake was only 2 LTC! Still with this strategy i make like 1 LTC per day!

What was the best trade you ever made?

Dollars for Bitcoin. I suspect the unlimited supply of dollars and the limited supply of Bitcoin will still make this trade favorable for the next decade.
70  Economy / Exchanges / Re: Accidentally sent LTC to BTC address on: June 14, 2017, 06:14:04 AM
I just accidentally sent some LTC from GDAXX to my Electrum BTC Wallet. Transfer ID is 2615b987-10b5-4a73-9b65-e835e7a43fd0

Any way to recover that?! Thank you!!

Sorry. I think you just lost your Litecoin - unless you can generate a Litecoin private key that matches the public key.

The math is slightly different, I think. If I'm wrong there might be a chance to get it back, but I don't think so.
71  Alternate cryptocurrencies / Altcoin Discussion / Re: SONM US Residents on: June 13, 2017, 10:12:43 PM
If I'm reading correctly, US Residents cannot participate in the SONM ICO. Is everyone else reading that correctly? Total buzz kill as I was quite interested in this project.

So, what, this crypto coin contract somehow has borders?  I thought it was just math.
72  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Flippening watch: BTC-ETH spread down to under 7B USD on: June 13, 2017, 06:15:44 AM
Honestly, I was worried about this for a while and it's been a bit of a bummer, since I'm worried that once the market cap exceed's Bitcoins that the media will start talking about Ethereum as if it's the answer.  But Ethereum actually makes for a very poor currency-just look at how badly the network locked up during the Bancor ICO.  I think both can coexist but people have pumped Ethereum up to insane levels right now that honestly I don't think it's ready for.

Not to mention as far as money goes, Ethereum has the same problem as USD. Unlimited printing.
73  Economy / Web Wallets / Re: FreeWallet.org Scam - Millions stolen on: June 12, 2017, 09:14:50 PM
Major scam was started by freewallet.org

Over 7 million stolen from users

Beware.. do not use it for anything



This is the scammers wallets: https://etherscan.io/address/0x11b85b4e2fadaebe04a251377aa35b9be3c785f0

An Ethereum rollback sure would've nice for these people anyone want to start trolling Vitalik?
74  Economy / Web Wallets / Re: Is Freewallet.org legit? How can the owners be reached? on: June 12, 2017, 07:54:25 PM
A friend has kept a substantial amount of money in a hosted mobile wallet by freewallet.org, and is now unable to access it. He has sent an outgoing transaction which has been deducted from his account but does not appear on the blockchain.

The money has been stuck for a day, and he has tried contacting their support on multiple channels to no avail.

Is Freewallet legit? Is anyone in touch with its owners? Did other people encounter similar problems?

Are they simply experiencing overload as do all Bitcoin services currently? Or have they performed an exit scam?

Sorry, man.

I've been sceptical of this wallet because in this day and age when there are so many wallets where you control your own funds there is no reason to give your money to someone else to hold for you.

And freewallet is void of any founders and legit contact information or business registration.

Let us know how it turns out.
75  Alternate cryptocurrencies / Altcoin Discussion / Re: How to know if the ICO is scam on: June 12, 2017, 07:49:44 PM
Many ico was here in forum and i always read the comment/reply of others, they got a negative feedback for project for participant to have doubt in campaign, I know some of member always do that so it can less the user in campaign and they will gain more profit. I wonder specific info on how to investigate, Yah, We can predict if the project will be success or not by reading the update in thread but how specific we can do to check if its scam or not.   

Most likely if it says ICO.

There is no need for any more cryptocurrencies. Multiple thousand are already too many.
76  Bitcoin / Bitcoin Discussion / Re: Best way to hedge against BTC value movements. Bitcoin futures / options? on: June 12, 2017, 08:36:42 AM
Let's say I want to have an "insurance" so that 1 or 2 days from now I'll be able to buy Bitcoins at today's price, paying a small premium for this insurance.

What is the best way to currently do so? I have been looking at several options on the market but I can't seem to find the solution yet:

- Icbit.se: unclear operation and as far as I can see, futures are for longer timespans (3-6 months away)
- 796.com: seems good with tight spreads but settlement is only once per week

Any other suggestions/strategies?



Bitmex.com has exactly the right tools to do this. They also have many blog post examples about how to hedge with their system.

I too am learning but I have a hard time understanding.

However, through my research bitmex seems to be the best place to do this.
77  Alternate cryptocurrencies / Altcoin Discussion / Re: ethereum or zcash for long term? on: June 11, 2017, 06:47:23 PM
hi guys i just got back to cryptocurrency because of ethereum and zcash

i got interested on ethereum since a lot of big companies likes it jpmorgan microsoft intel etc etc

i also stumbled on an article that jpmorgan will use zcash technology of some sort.

right now im mining both. and im thinking to just mine one with better chances for long term growth.

which do you think would be better? z cash or ethereum?

Depends on if you want to run distributed applications or pretend like you have anonymous money.

It's really your choice. However, apples and oranges man.
78  Alternate cryptocurrencies / Altcoin Discussion / Re: @Vitalik Buterin, sinking to new low levels? is he that despearate for pumps on: June 11, 2017, 12:37:02 PM
..
Cant wait for the prosecutors and the feds to knock the foundation doors down...
For what? Criminal activities and avoiding sanctions by the United nations for the government of russia! DoJ when are the first search warrants coming out to vitalik and team? Financing terrorism and breaking international sanctions by the United nations.

i am actually surprised it has not yet happened!
remember the early days back in 2010-2011 when CIA had a very "friendly" chat with Gavin Andresen Grin
good luck to Vitalik with his Russian affiliations which gets deeper every day!

Don't forget money laundering and child porn.
79  Alternate cryptocurrencies / Altcoin Discussion / Re: @Vitalik Buterin, sinking to new low levels? is he that despearate for pumps on: June 11, 2017, 10:02:00 AM
https://twitter.com/VitalikButerin/status/873536653331095552
Quote
Retweeting for the benefit of those who haven't seen this yet: http://directory.io

i would have expected this from the likes of kwukduck and the rest of the trolls but to sink down to this level to spread FUD on his twitter account is just too cheap.

is he really that desperate to bash bitcoin and pump his project and make more money that he will sink this low? i can just say WOW.



for those of you who don't know what is going on:
www.coindesk.com/bitcoin-protocol-hack-joke/


I'm sure Putin reassured Vitalik's wellbeing if an Ethereum blockchain fund freeze or rollback is nessesary.
80  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Invest to XMR or BCN ? on: June 09, 2017, 08:36:43 AM
Hello,

I want invest 0.5btc.

What better to buy XMR (ripple) or BCN (Bytecoin) ?

How long need wait pump?

Thanks.

"Don't buy Monero (XMR)" ^TM
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