Someone like me would not do something like this as it is not different from playing a lotto where you get to buy a ticket for ridiculous amount and expecting to win big. It does not happen at all. The chances are to low for me to take because that would be 1/150000. I would rather give it a run where my chances are pretty higher and when I lose I am sure that I am in control.

Your services is one that would need a lot of trust to be won from members of the community because there is no one to guarantee that participants are not been cheated and 100btc for one person while the next twenty runner ups get 2 bitcoin each? I would prefer that the 100btc should be further broken down and if possible 10btc so the excess of the jackpot is further spread to other participants down to someone who will get .01btc with that you might get a fair amount of interested people.

And you think your account worth that amount you are asking for, that's a whopping above $1000 but the only thing you have to offer is your full member account? I guess you will have not option than to wait till you get home before you can execute your trade.


This is another twist to your claim which I feel will do more damage to your request if anyone is even considering filling that loan of yours. Deal with it man.

News like this will just force people who are not in the know to make some irrational decisions while this news is proclaiming January 15 as the time bitcoin will see a pump due to bonus going to land in bank accounts, I have read a thread about how January 15 will be a black Monday for bitcoin and how bitcoin price will crash to the tail end supported by graphs and analysis.

The issue is whether they collect their bonuses or not, what will happen will and deciding that wall street guys will channel their bonuses to crypto is just a speculation without a basis to be predicting human action when it could change over night. My advice, if you are not ready to face whatever is going to come, just sell and wait till the next time to enter the market or maybe you might have to wait forever.

You see I don't know much about the technicality of POW or POS or anything of such but I want to argue in one direction as to why people think bitcoin is the king.

1. Not everyone thinks so, just the majority thinks bitcoin is the king and the majority will always have their way while the minority will have their say. If they can convince enough people to their side, they can then become the majority.

2. Outside the community of some other crypto community, a lot of people who are involved in crypto don't know anything else other than bitcoin and when you tell them the existence of others, it seems you are saying gibberish. This set of people are most the majority of those interested in crypto so to them, bitcoin is the only one and thereafter the king.

3. You have mentioned a lot of problem in bitcoin which is valid but I don't know one particular coin that solves all the problem for everyone to focus attention on rather you see several coins claiming to replace bitcoin, better than bitcoin, next bitcoin among several names. Tell me, how do I take such serious when I don't even know which one exactly.

Posts like Op makes one wonder how convenient it is for people to sit down and make a well thought fabrication to make it seems the right one. Times without number we heard news from China and every thing has been on the negative concerning crypto currencies. Not that policies cannot be changed, but the body language of the parties involved is also something to consider as well and the body language of the Chinese authorities suggest otherwise on everything Op has announced.

Just not too long ago, we heard about how their cracking down on Mining sites have taken a new turn to make it more difficult. A government that is looking to resurfacing a crypto currency will surely not tow that part and for concluding that because of AliPay hack will  just give a sure pass to crypto currency is saying there is no other option to hacking other than that when all that would be needed is to update a more secure firewall.

What service exactly are you looking for from them that there is no established site or company that is doing that and with good reputation to their name and won't because of your money run away. The way the internet is, the moment a site cannot be verified even with claiming they are in UK (address can actually be fabricated) you should just stay away to avoid the stories that touch and there is nothing anyone will be able to do about it.

Even though I am not a fan of cloud mining services as I have always been critical of their business because its the most abused platform to scam innocent people of their resources but that being said I don't think they could have made any other decision due to what is being faced by them and what we have been reading on the clamping down of mining sites in China as well how difficult it is to do business, they have no option than to increase their charges. But I still don't see the justification of up to 50% from 6% that is way too high and it further elongates the long period of time one have to wait to ROI in the first instance.

This question is something that I myself have asked all over again but no answer to it and every time it seems that there is a push towards that direction, something just happen that push things back to the initial position. But unfortunately there is nothing one individual can do than keep pushing and hope with all the good news and development in the pipeline when fully deployed could make price reached the all time high which seems to be eluding every day.

The most important of the news is not even about KFC because I know a lot of people cannot live with idea of buying one chicken at a premium by the time you add the fees at the present moment and later six months later realise that you have actually paid like *10 for that same item so personally I would use my fiat to buy my chicken and thanks to them for bringing more popularity to bitcoin.

The one I am joyous about proposed law of the state of Arizona which if passed into law will direct a new course of discussion across board which will then gradually spread to other places. If I can pay tax with it, I can then pay school fees with bitcoin or even pay medical bills as well. In all, this is a good news.

I completely agree with you that until we start helping ourselves the better for us and for bitcoin also. Today we blame the miners for being greedy or even dumping bitcoin for other profitable coins in their own opinion, again we have read about the proposed crack down of bitcoin mining from China which will mean a lot of doom if that should happen. In some part of the world, people don't want for government to provide basic things for them. They have gardens at the back of their houses to plant fruits, there is borehole to provide water, there are community schools etc.

The moment we can all have a miner even a solo one that I can confirm my transaction, we have less issue to higher about as it relates to bitcoin.

Like you have rightly titled, its a theory because there is no evidence to back it up. This analogy is very much reasonable as to what is going on because traders on Wall Street can go to any length to turn out profit for themselves but some part of the theory is where I am seeing some gap and would be glad if you can help fill it.

1. If the traders are expecting bonuses in January which means that some would have been collecting theirs already and they are investing in bitcoin, then price should be increasing and not what is going on now and if they are driving down the price, how exactly are they doing it?

2. Before the South Korea news which you regarded as FUD, price has been falling gradually since last year, what were the traders spreading at the time?

It would have been better if you had provided the link to the source of the news so for follow up reading and person that post after you would not have said that if he had seen and verified the source to know whether to rely on it or not. I saw the price take a reverse turn but I am not panicked because I know at one point, the answer as to why that happen will pop up and this is one of the answers.

When news like this broke, its normal for price to fall as even price has been falling from the all time high of close to $20000 that we witnessed close to the end of last year to the present moment how much more when there is a major threat for everyone to react to. But the issue is that, I don't expect this to last long and its because there is precedence to rely upon. When the Chinese government announced her plan to regulate the way things are done,price crashed but we bounced back even stronger and at the time, the stake the Chinese controls was very much higher than what South Korea can control.

This is one of the reason why a lot of calamity and several cases of shit coins abound in the crypo world and its because of people like you who create coins not because of anything or to solve any problem neither with any vision or purpose but simply to have a name attached to it.  Even when we have argued against the solution to every bitcoin problem as a forked but we admit that there are problems but now forking LiteCoin, which does not even have any issue to the best of my knowledge or reached the capacity where it gets known to compete ( maybe to you alone) this is coming.

I guess you are envisaging that because the forked coins of bitcoin is already saturated that people have lost count, its better you start with LiteCoin in other to be part of the next millionaire from $500 market cap to a multi millionaire at some point. Congrats on adding to dragging the industry backward.

If you want to run gambling site or a binary site just run one but not the two. To me, binary are worse than gambling because in gambling you know the odds you are going against, you can verify your seed, you know the house edge and if you are cheated there is a way if one is mathematically sound, you can call out the site but not binary and not even the one you have here and my questions to that is simple.

How exactly do you want to know the last person or how would that be determine which means the admin of the site can just enter few seconds to the end of the minute with their own username and since we don't know each other, we assume its someone else from another country or city but we have just been robbed with no way to know?

From the way I understand tax laws, you will have to report to the IRS and how to go about is normal about when you sell in the United States because that is the way its going to be interpreted you residence. Regarded as money laundering is to the extreme people that launder money won't bother to do the right thing like you wanted to do. All you did was identifying a market abroad that would give you a more decent return I haven't read any law against that but be sure to pay the tax on the entire income not on the amount you would have sold if you made it in the United States.

With that, I expect that everything should go the right way, there is nothing wrong in getting money from abroad just be sure you have an explanation for it and since tax arises, then that area has been covered.

This is one angle I haven't considered myself and its really something because it means if both bank and crypto have 21million in USD, banks can then create as much as they are allowed by regulations but this cannot be said in the case of crypto. But on another look this is what caused the financial quagmire that we have in which people spend more than what they have by going beyond their means in wanting to lead a good life and the moment they lose their source of income, they tend to go to the point they don't want. But with crypto, no one is allowed to spend more than what he has, there is no further creation of money it is fixed and that is an advantage that force every one not to go beyond your means.

I think I will have to disagree with this, because its not like every other currency that in terms of distribution. In the world today, there are certain  level of education you need to be able to practice in some profession in other to get some decent returns every month and even some amount of years to do that ( with the exception of the big entrepreneurs or inventors). For example as an accountant just starting a career, there is no way you make as much money as someone who has started practicing in the industry or firm for ten year which means he has more money to make more money and that is the way fiat as currency is distributed.

While I agree that some level of understanding is needed to be involved in bitcoin, it still cannot be compared to bitcoin because it does not even matter whether I am an Msc holder or Bsc or maybe college degree holder to be able to have one. Its also not a respecter of race every one have the equal opportunity just acquire the basic and simple knowledge and that is gradual distribution of wealth.

A lot of reasons would be given by the SEC or Tribunal or even Fraud Agencies of government as to why it is not right invest in ICO some will even go to the extent of saying they are protecting you but the truth of it is that why do you need protection to spend your money as you wish. Imagine the return you would have if you invested in those promising ICOs that are now doing well.

The fact is government are protecting themselves because they know if you are given the freedom you can decide to be investing in a project in another country which means taking money out of the home economy and with that your freedom means they have less control over you. How government will know if one engage in it, they might not know but the fear alone is going to keep people out and those who are bold enough to still go ahead are scared to brag about it for the fear of being a target.

There is no doubt that John McAfee have huge amount of followers which a lot of people have benefited from his wealth of knowledge but appointing him as the overall spokesperson is something that might come back against the community in the long run in my own way of thinking.

1. That single action would defeat the very fabric of the crypto world which decentralization and anonymity because it would then mean that McAfee would need to be contacted when government or anybody wants to make a decision concerning the crypto world. How are we sure that he wont compromise in the long run.

2. Another is the opening of rivalry that this will bring then it means a lot of people who have even contributed immensely to the crypto industry would also want to be recognised. We have Roger Ver popular in his own corner, we have Theymos of the largest bitcoin forum, we have Thomas V the developer of Electrum and a hosts of several that their input cannot be undermined.

3. Even in some quarter, a lot of people following his words on a coin are only doing it for their selfish needs and because he is also a capitalist, then it means he is equally making tons of money out of it which is even doing more damage to the market than good if you look at it in another way.

If this really happened, then I should consider myself an 'expert' because in my earlier post, where I predicted 3 months and Op make frantic effort to defend the HYIP scheme, but alas its not even up to 2 months before my prediction happened. How I wish, Op is back here to defend what he so much believed in and ready to defend at all cost. Until when we are also being held responsible for our own individual post or actions that someone somewhere relied upon and lost his funds ( because I am sure someone would have relied on the information by Op) the better we become more careful in vouching for services as risky as this.