LOL .. Disclaimer : I made that picture and it's edited.
BUT, it reflects the truth. Bitfinex owners are rich and they will live a luxurious life because their clients(most of them...sheep) are okay with -36% from their funds.
if bitfinex's client whose money get cut off about 36% could unite and sue the bitfinex owner maybe it could help,but still doubt there's any regulation about bitcoin transaction or it could be considered as a fiat transaction because bitfinex is about exchanging bitcoin to fiat and fiat to bitcoin? Bitfinex can be sued without any problem; same as it was MtGox. By suing Bitfinex, it will be revealed MANY dirty things that Bitfinex made during the years. The people will see how the exchangers are making the REAL profit(not those from fees). Any court proceedings will take away from the amount creditors get back. So your statement is false that there is no problem. |
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So when was that photo taken? It would be stupid of him to go vacationing in the middle of this crisis that his company is facing. While bitfinex's clients are probably having sleepless nights wondering if they'd ever recover even half of what they lost, some jerk somewhere is having the time of his life, from the money of those who they are supposed to take care of. Shit happens.
lol omg does that photo look real to you? |
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I've heard people say that XMR is more secure than ETH; the price chart shows a different story. If Monero (XMR) is better than ETH, how come the price of XMR is lesser than that of ETH?
Price != Security Look into the concept of market manipulation as a source of price. |
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As of my comment right now, 1 XMR is 1/10th the price of 1 oz of silver.
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0.25
winning bid ^ Please send me your information as outlined in the main post. This auction is now closed. |
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2. Price increase should come from usage and a growing economy, not lack of supply because of hoarders.
It seems that XMR holders are mostly not interested in selling at these levels. Can't argue with that. My hope is that artificial value doesn't emerge just because of lack of supply. Dash is a perfect example of this. |
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What exactly am I supposed to do with my newly acquired 141 BFX tokens? Since I live in the US and the trading of them will be limited for me, are they just there to remind me of my folly?  I believe that the PR guy has said that US customer will be able to withdraw them. I suspect that this will allow for OTC trading of them and possibly trading of them on other exchanges. Who is going to want these tokens? What is backing them if it isn't the Bitcoin network? Seems like a long shot for bitfinex to try this hand waiving technique. In theory, bitfinex will eventually buy back the BFX tokens, and/or the BFX tokens will be exchanged for shares of bitfinex's parent company. The future profits of bitfinex are backing the BFX tokens. Speculators will likely be most interested in buying and/or trading the BFX tokens. As long as Bitfinex buys the tokens at least at the market price and does not force anyone to sell them at a discount, then I don't see an issue with them buying at less then face value. Time will tell if they can magically make things work without a bank run on their hands. I don't see them as profitable anymore. But hopefully I am wrong. |
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Yes. when someone buys 20k XMR moves market simply because there are no desperate sellers. Seems miners hold what they mine. It is not demand that pushes price up but lack of supply.
This seems, on first look, to be true. XMR hasn't had the speculative feeding frenzy we're seeing these days in alts as what appears to be whales who made big bucks in the ETH ICO selectively iterate thru different coins every week and run pumps and dumps, leaving a little on the table so they can come back later to rinse and repeat. Strange times in alt land. 1. I'm pleased that Monero is not pumping to the moon just because... and 2. Price increase should come from usage and a growing economy, not lack of supply because of hoarders. Hopefully the market is steady and not going into pump and dump mode. |
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To me it sounds like an exchange that answers to no one decided to just steal 30%+ of it's customers deposits and replace it with a made up garbage coin and an iou. Likely no hack ever occurred for real.
Nice, no regulation you say, now you pay for it! Bitcoin has it's flaws, huge one's and this a perfect example. You either want regulation or you don't but you cannot have your way and feel the gov. or authorities owe you something as well.
How is that a flaw in Bitcoin? |
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What exactly am I supposed to do with my newly acquired 141 BFX tokens? Since I live in the US and the trading of them will be limited for me, are they just there to remind me of my folly? I believe that the PR guy has said that US customer will be able to withdraw them. I suspect that this will allow for OTC trading of them and possibly trading of them on other exchanges. Who is going to want these tokens? What is backing them if it isn't the Bitcoin network? Seems like a long shot for bitfinex to try this hand waiving technique. Bitfinex is launching its own e-currency with these tokens. Another illegal thing  Their clients must be VERY, VERY stupids to accept that till the end without trying to recover all their funds back by suing Bitfinex. What's so strange is that the BTC media is OK with that. They don't say "Hey, Bitfinex is issuing uncovered shares even this company is not allowed to do that" or "Bitfinex is launching its own e-currency and it doesn't have a financial license" (even they need one for forex anyway) ) THE CON: They want their customers to sell their BFX coins back to Bitfinex for fractions of pennies so that they can claim that is the debt instrument settlement going forward. They are trying to dupe their customers into accepting fractional pennies on the dollar for the debt that Bitfinex is holding given the hack. |
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What exactly am I supposed to do with my newly acquired 141 BFX tokens? Since I live in the US and the trading of them will be limited for me, are they just there to remind me of my folly? I believe that the PR guy has said that US customer will be able to withdraw them. I suspect that this will allow for OTC trading of them and possibly trading of them on other exchanges. Who is going to want these tokens? What is backing them if it isn't the Bitcoin network? Seems like a long shot for bitfinex to try this hand waiving technique. |
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I don't think Ravenbit is joining, but Minerjones is sending me 50 holos of theirs that I'll be giving out in the sets.
Nice one! minerjones you are da man! Wonder if there is something within the book pages with signatures and holos sticked on them to help protect them like a thin layer of plastic film or something. Not sure I'm not a book expert, but over time I would be worried the signature ink messing up with the previous page as well as the holos leaving some marks or colour. Also this is more a question for Elianite I guess, but will the book be kind of sealed, wrapped in plastic to preserve it if someone wants to keep it as it came. And will the books be packed and shipped in a way that they won't sustain any damage during transport? I believe they'll be quite heavy so protecting the corners as well as the rest of the book is essential. Not sure how ultra fine sharpies age over time on labels that I signed...but it is a good thought to consider as wear and tear can happen with anything. |
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when I was recommending it years ago I think people need to stop selling bitcoin on hope that it may increase in price. How about sell it on the price went from $1200 to $150 or $32 to $2. Looking at only one side of the coin is setting them up for failure. People need to use bitcoin (use it for any number of reasons besides price increase), not buy it because they hope the price will go up. Maybe you're referring to people in general? As I stated I start out by only mentioning the clear benefits leaving out the technical parts (since most don't care or find it boring or mentally over whelming). If they are more tech savvy then they ask about the tech side, but in most cases people don't seem interested and at that point I then start talking about the wealth transfer potential (humans only tend to care about personal gain unfortunately). As for me I'm involved in crypto strictly from an ideological standpoint because I know how badly we're all getting fucked through our current monetary system. All I want is for humanity to have financial freedom/independence without the need for 3rd parties usurping their physical/mental energy. HOWEVER, many people I've talked to in Latin America / Caribbean absolutely LOVE the idea of Bitcoin and care less about the wealth gain. The necessity for it is much higher there and wouldn't it be ironic if third world countries were first to embrace it 100% (which could maybe pull them out of poverty). Your original post never clarified how you were recommending Bitcoin to others. The very next thing you speak about after making that statement is concerning price. How did I misread that statement or series of sentences? |
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Even over 5 years later after MTGOX original hack, people still dont understand that holding bitcoin and storing it on a centralized exchange are not the same. |
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when I was recommending it years ago I think people need to stop selling bitcoin on hope that it may increase in price. How about sell it on the price went from $1200 to $150 or $32 to $2. Looking at only one side of the coin is setting them up for failure. People need to use bitcoin (use it for any number of reasons besides price increase), not buy it because they hope the price will go up. |
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I would love to see one BTC/XBT get moved to another address and watch the response. I would also love to see one verifiable post from Satoshi and see if he refers to said CC as XBT or BTC. dballing, I like your posts but have slowed down posting and adding my thoughts in any meaningful way as I've lost alot of confidence in the CC movement and have become quite jaded of late. Why have you become jaded? |
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BTC=ETC
Worst equation I've seen in a long time. Far from it. |
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its really sad to see that such stuff happens, fortunately i didnt have any money in it
This is pretty common. Remember gox and cryptsy? They had security breach as well and were slowly going bankrupt until they went public. This is why I never fully trust hot wallets from exchangers. I would always transfer them to a desktop or a hardware wallet everytime I'm done using it. yeah, i bitcoin world i think it is not the first and not the last time because these websites sometimes are legit robbed and sometimes they just scam people centralized exchanges are obsolete before they are even made obsolete. Decentralized exchanges exist, but how many actually use them? I haven't done much research into it, but I would imagine a decentralized exchange not being able to operate fiat to crypto (and reverse) trades etc. Fiat is sticky in the sense that it usually only goes along with a centralized platform. |
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Nothing to see here, markets are "dead". Come back next summer. |
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By my own memory of the heists/hacks I've heard, it would be a very large percentage of the current bitcoin in circulation today.
Does anyone have a nice rough estimate of how much bitcoin has been involved in thefts/hacks etc?
And if blacklisting ever came to be "a thing" for authorities to attempt to enforce, wouldn't that be a large % of total bitcoins in circulation?
Would appreciate any input from anyone on this topic of discussion.
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