Banning US customers apparently isn't enough. That's why the CFTC began probing Bitfinex in late 2017, after they had already prohibited US residents from their exchange. The CFTC asserts that it has jurisdiction over spot exchanges simply by virtue of the fact that they regulate Bitcoin futures markets. That link above shows they've further asserted that this jurisdictions covers altcoins too.
That's why Binance needs to be careful, otherwise they'll have a market manipulation probe on their hands like Bitfinex already does.
If that's the case then CFTC will also need to convince not only themselves but also foreign courts. Perhaps there are already treaties in place which would aid them, but I'm not sure if they're that broad. |
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If Binance is turning a blind eye to wash trading -- implicitly allowing it on their exchange -- is that so much better than doing it themselves? I'm not sure exactly what their legal obligations are, but they ought to tread carefully. The CFTC regulates wash trading and has asserted that they don't merely have jurisdiction over Bitcoin markets, but rather all virtual currency markets. Being such a large exchange, I'm sure Binance has the CFTC and other regulators breathing down their neck. Stamping out most of the wash trading before public scrutiny surfaces might be a smart move. Any and all wash trading is obviously in the interest of an exchange, hard to say no to extra money, when they don't even know if their business is going to be around 3-5 years from now in this uncertain regulatory climate. CFTC is just another reason why Binance(and other exchanges) are banning US users from their exchange. |
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From an optics standpoint, I see nothing to gain from these outbursts. That announcement comes off like amateur hour, like a child trying to get out of being in trouble. True, but unsurprising given their history. That they felt the need to respond to a little crypto rag in this manner -- it just feels really pathetic to me. Can you imagine businesses like Bitstamp, Gemini or Coinbase talking in this way? Clearly, Bitfinex is a different caliber of exchange.
It has been clear right from the day they decided starting an exchange on ashes of a previous failed bucket shop was a smart idea. It's impressive they lasted this long. |
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As it turns out, Binance has been caught faking volume just like so many other exchanges. Maybe those wash trading bots have been turned off. No FUD intended, but that's what I would expect to happen if they were under heavy regulator scrutiny, like from the CFTC. It's often not even exchanges themselves participating in wash trading, but teams behind tokens/altcoins/whatever to lend greater legitimacy/social proof of their projects. I don't know about Binance but most exchanges also have minimal monthly (or daily averaged over the whole month) trading volumes, too low and the altcoin/token is bound to get delisted. |
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Does this come off as childish and unprofessional to anyone else? The Block wrote an article about the apparent ease with which NY residents can trade on Bitfinex. This was Bitfinex's response: They don't really have much of a choice, do they? They have to show they don't want United States residents using their exchange, and discriminating based on IP addresses used would be unfair towards users using US-hosted VPNs, or bots hosted on US VPSes. |
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Even in their FAQ they refer to themselves as a 'HYIP', high-yield investment program, literally a ponzi scheme. Some of them even just take the money without paying its early members.
The site claims to accept fiat deposits, i.e. payoneer, advcash, etc. in addition to cryptocurrencies, if you paid in fiat money, see if you can make chargeback and report them for fraud, as it doesn't seem the website adequately informs what the user is 'investing' in.
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Electrum or btcarmory offline transactions transferred over webcams is currently what I would call the safest option of the user-friendly options for storing and spending bigger amounts of bitcoins. Hardware wallets are pretty safe too (nowadays, at least Trezor and Ledger) and they can be recommended to newbies due to their ease of use. As I remember, you can recover your assets if you'll lost a hardware wallet. But better ask Ledger's or Trezor's support.
So long as you have your recovery seed. |
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5 - malevolent First time here  |
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I remember Adam always offering to give him BTC which he always refused. The most bizarre of all is that he's still there on Reddit plugging away as dedicated as ever despite the relentless mushrooming of Bitcoin. The amount of time he's put in means he could've been a millionaire using that time to mine with a pencil and paper.
He must have put in thousands, or tens of thousands of hours in by now.
/r/buttcoin in a nutshell  I nominate Spoetnik and BitcoinEXpress even though he deleted many of his posts. They haven't posted since 2018 so I don't think they are going to feel validated. |
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This topic comes up on reddit or elsewhere every couple of months, if you utilized the time you spent on writing the last few posts on doing your own research, then you would have known that donations made a minuscule percentage of money spent on Epochtalk, and most money spent came from ad revenues, like that ad under your post. The donated money users donated in exchange for Donator and VIP forum titles have long since been spent for their intended purpose anyway. The forum is ready and already in use on different websites: https://www.cryptos-currencies.com/boards https://coinbistro.com/boardsWhen theymos is ready he will migrate bitcointalk to a new forum software. |
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I think PCIe port only provides 75W or so. What this means is the card will run, but only offer limited performance.
Maybe just pick a card with a lower tdp/performance/consumption/Price in that case?
In some cases also the pci-e is enough in theory but power from the PSU directly is preferred to avoid overheating of the MB/PCIe port.
*75W if it follows PCI Express specifications Which is a huge if:   PCIe slots in older/cheaper boards might die under 24/7 use if a card continuously exceeds this limit. |
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As an addendum to this, if you are buying a gift card at less than cost price, then you are almost certainly buying a gift card which has been stolen, or bought with stolen ("carded") credit card details.
Depends on the discount. 20% or more, unless it's a $5 card or something close, it's very likely it's been fraudulently obtained. The higher the value of the transaction the lower should the discount be. Most discounts via purse.io are ~5% now if you're a new user. |
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Disney has become the media giant and has been on a spending spree for the last decade buying up different ips.
Facebook has been buying up all their competition and is the dominant social media company and nothing else can compete with it.
Companies become so big and they have enormous power over us, do you think companies like this should be broken up by the government or be allowed to reign supreme?
The only reason they have grown so big in the first place is government regulation, e.g. IP protections. Now you want even more government? Who's to decide, and what should be the threshold for a company after which it should be broken up? Maybe it would be easier to look at the factors which led to the companies growing so big in the first place? Food for thought. |
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The undocumented history about bitcoin and it's wallets  And without this thread I certainly would never have known about these guys, wounder where they disappeared to. And if memory serves me right isn't local bitcoins a long serving wallet provider despite being mainly labeled as a p2p exchange...or it doesn't just fit in this category. StrongCoin is still around. An exchange is an exchange and should be treated as such, they did/do encourage their users to treat them as a wallet at times but you're at their mercy if they decide to freeze your funds, if they get hacked, etc. |
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Also, about plagiarism. I don't have time for now, for looking into theymos quotes where he says that if someone net positive he can be unbaned. If whole community supporting someone, doesn't that means that this person is very net positive?
It means they are a net positive at least for specific people supporting them. The final call is with the admins. You can message them every once in a while until they explicitly tell you 'no', other than that there's nothing you can do. |
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But Namecoin was the 1st Alt..Interesting! I recently did a search of eBay logs, looking for the first storage items to show up ..a ton of feathercoin stuff. Do you know if this coin was really popular back in 2013 and if so why?
I can recall the name but I can't remember it standing out in any way, I don't even remember from which coin it was forked, just another shitcoin. |
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In order for the flag to be dropped not only must the damage be remedied, but the victim of the act must forgive them for their actions.
I think i heard something like that in Bible. Between "Don't kill someone's slave" and "we need to turn water in wine" "izooomrud alleges: LiveCoin violated a casual or implied agreement, resulting in damages, in the specific act referenced here. LiveCoin did not make the victims of this act roughly whole, AND it is not the case that all of the victims forgave the act." Doest that sound like forgiveness? They didn't lose your money or steal anything from you.
LOL Yes, they did not steal, they just kept my BTC for a month without a reason! And now they tell me that they do not have the rest of my coins |
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