For me it is not about what is better between real estate and bitcoin because it is about if we are being profitable in the certain investment that we are currently doing, why keep debating on what's better if you can make investment in both bitcoin and real estate? Both of them are one of the best financial instruments in order to achieve financial freedom. I have bitcoins but I doesn't have enough buying power for me to purchase real estate and for me it is really good to have piece of land because its value it keep increasing over the period of time. When it comes to volatility, the bitcoin for sure is more volatile so it is the reason why I first make investment to it than in real estate.
Real state is by far to slow to reach financial freedom in most cases. You need quite a significant seed, maturation times are in the range of several years and a downturn may catch you at any time with too much leverage eating up the profits of many years of hard work and investment. Bitcoin is more easy going, but is also only for people who understand that the ride is not going to be smooth and that there will be lots of volatility which in real state also exists, but is not as evident. There's not nearly the volatility in real estate that there is in bitcoin, not by a long shot. Real estate only moves significantly when there are large macroeconomic changes, like the housing/financial crisis in 2008 and now the shortage of housing that has driven up housing prices during the pandemic. Absent really large macroeconomic changes like this, real estate is pretty stable. Also, expecting to reach financial freedom easily or quickly is setting yourself up for a world of hurt, as if you expect your investments to do this you're likely in things that are far more risky than you will ever understand, or you just have absolutely no idea how the world works. Crypto has ruined people's expectations of what is realistic, because the idea that you are likely to become "financially free" with anything other than decades of diligent work at it is a pipe dream. But bitcoin is so popular precisely because becoming easily rich is undivorceable from the concept of bitcoin it at this point, and it's just insane how many people unquestioningly buy into it. |
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Rising inflation is not a new concern for the economies but growth in prices at alarming rate and others or moving towards hyperinflation situation is matter of concern which needs to be taken care of but no what the government are busy doing is just printing more and more notes or say printing more fiat making it worthless which can be compared to piece of papers only.The developed countries are also facing such issues even though it's less compared to underdeveloped or developing countries like in US or any but now this time UK is witnessing inflation peak in food prices with growth in one month only UK inflation made its biggest jump on record in August, adding to pressure on households as the government ramps up taxes on workers and prepares to cut universal credit benefits from next month.
The Office for National Statistics (ONS) said the consumer prices index measure of annual inflation rose to 3.2% in August, up from 2% in July, to hit the highest rate since March 2012.
The 1.2 percentage point increase between July and August was the largest since records began in January 1997
Moreover the government has ramped up the taxes and cut the social benefits also.Who is gonna face all these situations in bad way? The middle class who have trusted the banking system and government but they failed to manage such situations.This is just a step towards devaluation of your fiat and you will be worth zero near future. UK inflation risingSo what is best for you? Bitcoin can safeguard you from all these things and provide you deflationary future ahead and you don't have to worry about all these things.Have your bitcoin stacked with you ASAP. In no way should an inflation rate in the low single digits be mistaken for an alarming inflation rate, let alone hyperinflation. Even when the US had double digit inflation in the 1970s did the term "hyperinflation" even enter the discussion, because hyperinflation is both extreme and rare. Talking about hyperinflation in an environment where inflation is still in fact historically low saps all your credibility and informs anyone reading your posts that you're prone to hyperbole and not to be taken seriously. |
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The price of Bitcoin is determined by people's needs. Daily price fluctuations are due to someone buying and selling Bitcoin. The high volatility of Bitcoin indicates that the daily trading volume of Bitcoin is also very large.
The purpose of our investment in Bitcoin is to profit from it, and the profit is to satisfy our daily lives and improve our quality of life, so why not use Bitcoin after we invest? Investment is not just to make profit after accumulation, but to make this investment meaningful.
The price isn't a function of need at all, but overall supply and demand at any given time. Since bitcoin isn't actually needed for anything in daily life though and the only people buying it are speculating on price, demand is a function of speculation more than anything else. Bitcoin is purchased exclusively by people who have money they can spend on speculating the price will go up, since obviously people who can't afford it won't be able to. |
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[holy yikes]
OP's post is exactly why it's so easy to paint the crypto community as delusional. Crypto hasn't transformed society and it's not going to in any of the ways OP is fantasizing about because it's not any of the things it's being presented as in that post. And if you need it to be any or all of those things to see the actual utility of crypto, then you're going to live in an eternally unrealized fantasy world. Further, the "consensus" concept in bitcoin is what has driven so much division because it requires so much compromise to reach consensus that large groups of people are unhappy. Every time you see one of these major forks break off from bitcoin it's because a large group of people reject the "consensus" rules and change them the way they think is better. The consensus aspect is highly overrated and your post doesn't reflect the reality of how divisive such a system has actually been. |
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Bet on the Most Competitive Football League in the World!
From when freebitco started allowing betting on such matches? I didn’t notice that at all. I had an account there long ago and I haven’t visited the platform for quite a long time. Does it allow betting in IPL matches? IPL is getting resumed and it would be good to have it. Edit- I had even promoted freebitco through the signature campaign and I still missed that. In reviewing the history of this thread, I believe that freebitcoin introduced betting back in 2019. I'm not entirely sure when, I can't find an ANN post, but I'd say at least two years ago. I just wish there was more NFL football matches. I think they usually have the Super Bowl and perhaps the regular playoff rounds, but weekly games during the regular season would be a good offering. Even if it's just key matchup games like they usually do on Monday Night Football, that would be better than nothing. I think they don't do it because there hasn't been a lot of interest in it perhaps? But NFL betting is a huge market. I'd be surprised if it wasn't utilized. I'd be interested. Couldn't care less about soccer or crypto price betting, but NFL is in my wheelhouse. |
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Michael Saylor's strategy regarding the commitment to bitcoin apparently caused anger in the S&P Dow Jones Indices, they decided to make the following adjustments to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices, including MicroStrategy Inc.which will be removed from the S&P SmallCap 600. The changes will take effect before the opening of trading on Monday, September 20, 2021, to coincide with the quarterly rebalancing: Healthcare Services Group will replace $MSTR MicroStrategy Inc. in the S&P SmallCap 600. MicroStrategy is no longer suitable for the S&P SmallCap 600, as well as United Insurance Holdings, according to a press release from S&P Dow Jones Indices. https://www.spglobal.com/spdji/en/documents/indexnews/announcements/20210903-1443045/1443045_sept2021-546-shuf-rebal.pdf The anger of the S&P Small Cap 600 Index is so baseless that they even mention that the MSTR strategy is no longer compatible with the index. It seems to be fairer, they should explain more specific points. Which strategy is not suitable, does the company open in BTC investments making the index problematic? where is the problem. Even so far, MSTR's share price has remained stable. which market capitalization do they measure? CMIIW There's a couple possibilities for why MSTR was dropped from the S&P 600 index. The first and most likely is that the various S&P indexes try to track the US economy as a whole through companies in each major sector of the economy at various size levels. Now that MSTR is basically trading as a bitcoin proxy, the reason it was originally added (exposure to technology companies in the US in the smallcap range) is no longer applicable and it no longer makes sense to include it. The second possibility is that MSTR is too large to be in the S&P 600 now, since companies are added when they are between 0.7 and 3.2 billion in market cap, and at 6 billion now MSTR is too large for this index. However, I think this second possibility is less likely. The first makes more sense. It has nothing to do "anger" over MSTR buying bitcoin and everything to do with an investment in MSTR no longer representing exposure to small cap technology companies and predominately representing exposure to bitcoin, which as was said in the press release, is not compatible with the purpose of the S&P 600. |
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Imagine having lots of evidence to pin the organization down and ask for more settlement fees but instead, you settled with a mediocre amount and pinned down another person which clearly has little fault on what had transpired. I feel bad for Keith Gill for being blamed for most of what happened on the GameStop fiasco albeit having only little participation, though he has, at some point, made mistakes by not declaring that he is personally trading stocks while being employed at a broker. It's such a cop out that any person or company is allowed to "settle an investigation without admitting wrongdoing". If the legal system feels it has enough evidence to convict these people then it should be forced to fully play out in court or the case should be dropped entirely on the assumption of innocent. You see that phrase far too often now and it makes a farce of the judicial system, showing that if you have enough money then the laws are flexible in your favor. I don't have any sympathy for these people who were hyping up the stock for their own financial gains nor the short traders who wanted to crush this company, but a lot of naive people got caught up in this mess without fully understanding how much money they could lose.
Justice and everything works for you so long as you have a big fat stash of cash at your disposal. They're worth billions, and that alone is enough for justice to work for them. Keith Gill definitely acted fraudulently, he's not a scapegoat here. To recap: 1. He lied about being an amateur investor to the public. In fact he was a registered broker, a designation that requires professional training, passing rigorous securities examinations, and which is regulated by securities laws. 2. He hid his stock hyping activities on social media from his employer. He has a professional duty to disclose those activities to his employer so they can be monitored for conflicts of interest and ensure his outside business activities don't interfere with the best interest of the firm's clients. 3. He hid his securities transactions from his employer, which for the same reason has a duty to monitor for conflicts of interest and to ensure he doesn't use material non-public information from the firm to gain an advantage in his personal trading. (He didn't hide it for this reason, but regardless, failure to disclose violates the firm's policies and the general rules on integrity in the securities industry.) |
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MSTR's coins (and Saylor's personal stash as well) are not exactly "locked up", but I otherwise agree with the overall sentiment of your post Dabs and your various other points including that MSTR nor Saylor are likely to be either selling or attempting to be manipulating the BTC price, even if they are capable of doing whatever the fuck they want - in terms of free market aspects of bitcoin (but of course, there would likely be concerns from some regulatory bodies (such as SEC - and even share holder concerns) if Saylor were to try any kind of significant or meaningful levels of selling stocks to buy lower kinds of things).
His personal stash, maybe he can do whatever he wants with those, but I am guessing he has those under multi-sig and it will just be a hassle for him to actually do it. The company stash, it's also very likely to be multi-sig with the board members, and the whole company has to agree. Maybe he has more signatures, but I'm almost sure he needs at least one more other person if it's set up correctly. There may possibly be a last resort backup plan like buried in some high security vault. Maybe? We are just speculating. Imagine that one dude who has hardware wallets all over the planet and he's just a family man. Most of these guys have their own "castles" ... I mean houses, or office buildings, with adequate physical security. If you had an actual gold bar, you could safely store your bitcoin paper wallet in the same place. Multi-sig would just require more than one of these safe places. Also quite possible that Saylor has all the keys anyway, so he can still control all the bitcoin of the company all by himself, I'm still pretty sure it's in some form of multi-sig either case. How do you think he stores his bitcoin? 18k BTC personal stash, and company coins 108k BTC ... ... You have that much, better put they keys in some building with armed guards. Be your own bank. Literally. The board is definitely not a multisig, it wouldn't make sense for several reasons. First, with any company, the board generally doesn't have access to bank accounts for the company so there would be no reason to give them such access with bitcoin through a mutlisig setup. It's cumbersome and needlessly bureaucratic, and therefore unnecessary. Also, the board doesn't really have any power to check Saylor due to his super majority voting power, so there's no reason for him to share responsibility with the board. They serve as figureheads only with no real power in the company. You definitely wouldn't give people like that responsibility to control any part of the company's day-to-day operations, which again would be needlessly bureaucratic. |
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I was aware that after all the money printing and giveaways during the COVID was just delaying the payment of the crisis ´till a moment in which the economy could possibly take better care of it. However, it was certain that the true cost of the crisis was not being paid. But here is the bill: Soaring inflation, happily accepted by governments in Europe and mainly in US: 5% YoY in August.
This is bad news for most, however it is good news for bitcoin that benefits from inflation and loose financial policies. Keep hodling!
How does it affect bitcoin at all when bitcoin's volatility is several hundred times higher than the USD over any stretch of time? I don't see the inflation rate in the US affecting bitcoin at all until such time bitcoin can actually hold value more predictably than the USD, and there's currently nothing in the history of either bitcoin or the USD that suggests this will ever happen in our lifetimes. |
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There are many nocoiners that claim that Bitcoin is “Tulip Mania 2.0”, but it has been 10 years. How long must the protocol keep running before the rest of the world accepts that Bitcoin is not going anywhere. In fact, it opened a Pandora’s Box of new possbilities. BUT, I believe the next “Tulip Mania” for this bull cycle are, NFTs.
Honestly NFT's are definitely like tulip mania 2.0, that is not even a hard guess. It is obvious that people are not doing anything that makes sense during this period, they are spending money on things that actually has no worth at all. I hope that one day people will realize that they are doing something wrong, but the moment that is realized we are talking about something that is very horrible for all those people who spent that much money so far. How are NFTs different from Bitcoin at all? The value of each is based only on speculation, they're premised on a manufactured scarcity to give the impression of being valuable because they are somewhat rare, people are only interested in them as a get rich quick vehicle... the comparison is perfect. I see no difference between NFTs and Bitcoin, so for someone to criticize NFTs as an investment vehicle and not crypto is the peak of cognitive dissonance to me. |
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It is possible something similar is happening in the united states. Jeff Bezos may have been forced to resign from amazon.
Can you expand on that? I have searched the internet and I don't see anything. I am quite surprised and I can see many reasons for it not to be so, since the political system of the USA and the USA are essentially different, but maybe if you explain the theory we can still see the logic behind it. There's nothing to this, Bezos wasn't forced to resign. He resigned voluntarily to spend more time working on his other ventures, of which there are many but the biggest one is probably Blue Origin, his aerospace manufacturing and spaceflight company. Other ventures Bezos is involved with that he expects to spend more time on are his ownership of the Washington Post and Day 1 Fund. Also, Bezos hasn't completely left the company, he's still the executive chairman, which means he will still be involved in the largest decisions at Amazon, he just won't be running the day to day as CEO. |
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That's actually a good thing because that only means that countries are much more serious when it comes to trying to obliterate the pandemic once and for all, the only problem is that the idiot ant-vaxxers that's trying to hinder the progress towards herd immunity.
The issue is not as simple as you make it out to be, this is a classic case of individual rights and what society expects out of you, I have taken the vaccine and I would appreciate if the majority took the vaccine as well, but if you force people to take the vaccine then you are trampling on their rights, so the question is as what point society can do something like this and void the right to decide that people have over their own bodies? And this is not by any means an easy debate to have. We infringe individual rights all the time in the pursuit of living in a society that isn't complete chaos because everyone can just do whatever they want in the name of "personal freedom." You have to pay taxes, you can't make threats against other people, you can't drive as fast as you want or wherever you want, employer's have to create a safe work environment for employees, etc. Each of these is an example of an infringement on an individual's rights to live how they want, but we accept these because they help create a society worth living in. Vaccine mandates are just another example. So the issue isn't "we shouldn't do this because it infringes a right" because we already do that all the time without controversy. The issue is "should we infringe this right because it makes society substantially better." |
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With the little summary from my perspective what I see as difference between gold and Bitcoin.
Firstly gold is a physical commodity asset While Bitcoin is a digital currency/asset and with this, they are the two major assets on the economy trend on investment and with the highest bids on commodity price.
Gold is stable and regulated by government while Bitcoin is volatile and not regulated by government.
Gold requires hard human and physical labour to be acquired while Bitcoin required high computer skills and operations even though they both have the term "mining" as to how they got generated.
Gold is centralized while Bitcoin is decentralized.
Gold has been in existence before ages while Bitcoin got into existence 2009
Relevant opinions are welcome,
There's a lot wrong with just this opening bit. First, gold is not regulated by the government. You can buy and sell gold without permission from the government, so I'm not sure what you're trying to say here. Mining generally is regulated by certain states, but that's all mining and has nothing to do with gold specifically. Second, gold is not centralized. There's is no central authority for gold. Again, not sure what you're trying to say. Also, gold being "stable" is also a bit of stretch. In the short term, gold is much more volatile than the USD. The shorter the time horizon, the greater the difference between gold and the dollar. The longer you zoom out the more accurate gold's stability might get, but gold is a pretty volatile in the short term. There's not particular "skill" needed for bitcoin mining, it's incredibly simple. You buy hardware, you point it at the blockchain, you churn computations. What bitcoin mining requires is a lot of capital investment to mine effectively, but that's not "skill." |
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A MassMutual investment subsidiary has agreed to pay $4.75 million to resolve allegations by Massachusetts securities regulators including that it failed to supervise its agents, among them the social media persona "Roaring Kitty," whose online posts helped spark January’s trading frenzy in GameStop shares.
Massachusetts Secretary of the Commonwealth William Galvin on Thursday said MML Investors Services failed to detect the activities of Keith Gill, who touted GameStop stock in his spare time while he was working at the company.
Galvin, the state’s top securities regulator, alleged MassMutual also inadequately supervised other agents and failed to review their social media usage or catch excessive trading in their personal accounts.
MassMutual, who did not admit wrongdoing, settled an investigation over a general failure to supervised its employees and having inadequate procedures in place to detect stock-based social media posts and the personal trading of employees, including the employee that goes by Roaring Kitty on YouTube and is largely credited with starting the GameStop Reddit-fueled meme stock volatility. Keith Gill, Roaring Kitty's real name, is also under investigation by the Massachusetts Securities Division for failure to report his outside business activity he conducted while employed by MassMutual, which as a registered broker he was required and failed to do. Gill is separately being sued civilly in a proposed class action lawsuit alleging he committed securities fraud for misrepresenting himself as an amateur trader online while pumping up GameStop stock prices as a registered broker. It's such a cop out that any person or company is allowed to "settle an investigation without admitting wrongdoing". If the legal system feels it has enough evidence to convict these people then it should be forced to fully play out in court or the case should be dropped entirely on the assumption of innocent. You see that phrase far too often now and it makes a farce of the judicial system, showing that if you have enough money then the laws are flexible in your favor. I don't have any sympathy for these people who were hyping up the stock for their own financial gains nor the short traders who wanted to crush this company, but a lot of naive people got caught up in this mess without fully understanding how much money they could lose. The alternative is litigation, which is expensive for the government to pursue. Since this isn't a criminal procedure (enforcement actions by regulators are civil proceedings, not criminal), the worst that would happen is a financial penalty anyway. So whether they "admit" wrongdoing or not is of no great significance since in either case it will result in financial penalties at best, and by just settling the case and paying a fine the regulator gets what it would have gotten anyway (a fine) and both the government and the company save the expense of pursing the case in court. |
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A MassMutual investment subsidiary has agreed to pay $4.75 million to resolve allegations by Massachusetts securities regulators including that it failed to supervise its agents, among them the social media persona "Roaring Kitty," whose online posts helped spark January’s trading frenzy in GameStop shares.
Massachusetts Secretary of the Commonwealth William Galvin on Thursday said MML Investors Services failed to detect the activities of Keith Gill, who touted GameStop stock in his spare time while he was working at the company.
Galvin, the state’s top securities regulator, alleged MassMutual also inadequately supervised other agents and failed to review their social media usage or catch excessive trading in their personal accounts.
MassMutual, who did not admit wrongdoing, settled an investigation over a general failure to supervised its employees and having inadequate procedures in place to detect stock-based social media posts and the personal trading of employees, including the employee that goes by Roaring Kitty on YouTube and is largely credited with starting the GameStop Reddit-fueled meme stock volatility. Keith Gill, Roaring Kitty's real name, is also under investigation by the Massachusetts Securities Division for failure to report his outside business activity he conducted while employed by MassMutual, which as a registered broker he was required and failed to do. Gill is separately being sued civilly in a proposed class action lawsuit alleging he committed securities fraud for misrepresenting himself as an amateur trader online while pumping up GameStop stock prices as a registered broker. |
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I believe you know the Bitcoin Market needs your influence?
Every sector of life and in all that men do in other to get “earns meet” are always influenced by people or a list of several factors.
The bitcoin market is one that has to do with financial buoyancy and competency, apart from these factors, there is need also to
master the volatility and characteristic changes seen in the market.
Influencing the bitcoin market deals with making an impact and be relevant in the market so that you are not being ignored,
and this could be attained through;
1. Having all needed knowledge about the Blockchain market and Bitcoin itself.
2. Always move with and follow the people who are well known in the Bitcoin
market and whose steps and forecast stands as proposed in the market.
3. Chart readings and understanding is one of the key factors which one must
consider to make sure they contribute and influence the bitcoin market. This
makes you know What has happened, What is
happening and What will eventually happen in the
next trend.
4. You must have the capital to put in and make yourself known as “Elon Musk did”
This is a meaningless post if I've ever seen one. Some of the words you string together don't even make semantic sense, for example, "the bitcoin market is one that has to do with financial buoyancy and competency..." This combination of words in this order doesn't mean anything; it's a nonsense sentence. Further, when your sentences do make semantic sense, they contain nothing of value because you're purporting to tell people how to do something without telling them how to actually do it. Point 1 - Have all the knowledge about blockchain and bitcoin. Ok, sure. Point 2 - Always follow people who are well known in bitcoin. Wait, I thought you yourself were supposed to have all the knowledge about blockchain and bitcoin, why would you need to follow what someone else is doing? Second, blindly following someone else is literally the dumbest advice you can give someone who doesn't know what they're doing. Point 3 - Just read the charts! Chart reading is for people who think they're smarter than they are and who have deluded themselves in to thinking it allows them to predict the future. If there was a single person on the planet who could do it predictably, they would be so famous and rich you would know their name. There isn't because chart reading isn't a real science. Point 4 - Just be rich like Elon Musk, gee why didn't I think of that? |
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Have you notice how corporations took over the internet ?
I am a web dev and designer from 2008 ...i remember the internet being more human / person to person even chatting was fun back in '00 ...now the internet ...it's like a giant platform to do propaganda / advertise / spam and for narcissists to showoff on social networks like insta and fbook ...in my opinion we need to do something to get the vibe and freedom back ... else small businesses will have 0 chance against corporations and people will be continue to be programmed in to thinking the internet should be like it is now.
Not good for the economy not good for people.
It's similar to bitcoin when the movement started ... it was fun ,now di.ks with suits (fund managers ) started to hoard it...sure it is 50k now ,but you can't use it for the reason it was created... to be a currency...
Even youtube lost it's charm with does ads...
The corporations you're railing against built the internet into what it is today, and the reason they've been successful is because they're giving people something they want. You want to change it? Don't use any of the services you named. That's literally the only thing you can do. But your absence will go entirely unnoticed and it won't stop other people from using those services. The internet isn't "supposed" to be like anything. It just is what it is. |
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In the case of Schiff, it's that the dollar is eventually going to fail and so even if you're wrong on the timing, it's just the timing that's wrong, not the premise. If you truly believe the dollar is going to fail, then your options to hedge your money are pretty much anything that isn't based on the dollar. Gold, sure. But also any other precious metal, oil or pretty much any other commodity, real estate, bitcoin, any stock or share from a company which would either be unaffected by the dollar collapsing or would make money from the dollar collapsing. Hell, even a "stable" fiat like Swiss francs. Even better, spread your wealth among multiple assets. Going all in on gold is just as stupid as going all in on bitcoin. A lot of the things you mention are not safe havens if the dollar collapses. Stocks in this country are good vehicles for investment exactly because the USD (which they are denominated in) is stable. Things with functional utility like real estate is pretty good, but there's probably a practical limit because real estate is notoriously illiquid, which is not what you want in a scenario where the dollar has collapsed, you'll need a lot more flexibility than tying up your wealth in real estate. And if the dollar collapses, the demand that would create for other national currencies would sky rocket, making those highly volatile and much riskier to continue trying to buy. As you said, diversification is key. But obviously the best solution is the dollar never failing, because there is no way to effectively plan for what the world would look like after that. You won't recognize the economy or the standard of living, and all the assumptions you've made in trying to plan for it will turn out to be wrong. Rooting for the death of the dollar, either for gold's or bitcoin's sake, is what idiots do because they don't understand the world. |
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Been thinking - What do you think is the biggest news cryptocurrency needs that will increase its popularity?
Is there anything better than all the millionaire stories that already exist about people who bought bitcoin when it was obscure and now each coin is worth $45,000? This singlehandedly is the reason there are so many garbage alt coins and why so many people buy those garbage alt coins. An unpleasant fact for crypto is that the number of people who actually care about it as a technology or a currency is very few, and people only care about it as far as it making them rich quick. Getting rich quick is the point of 99% of alt coins and the reason people buy them. |
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OK thank you I hope I can find my account back. I know password and more details. Right now I only want to remove my 2FA code because I lost my phone.
To be honest the support instructions about signing message from the address on the profile seems a bit ambiguous in my opinion, because there will be two addresses listed there namely the deposit address (obviously you won't be able to sign the message with this) and the withdrawal address(1). The other external addresses(2) if different from address 1 are addresses that were used to fund your freebitcoin account before the email change (refer to the support instructions). Both addresses 1 and 2 above, you can sign messages with these addresses if you have the privkey. It's the withdrawal address that was registered with the account or otherwise previously confirmed as valid. If you an sign a message from the current withdrawal address on file, then you essentially prove ownership of the account and can change the email settings. From FBC's perspective, someone trying to illegitimately gain access to the account will request the email change so they can access the account and change the withdrawal address. Signing a message of the current withdrawal address is how you confirm that a change of email address is by the actual owner of the account, and not someone trying to take it over. |
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