Hey! I resemble the above! (dang nab it, the youth of the world..mumbles to self wanders off tries to kick cat who ignores him)

LOL. What a crock....in the good old days at least the majority of 'newbie' scammers tried...it is like they are making no effort at all anymore!

Standards in scamming have completely slipped or they are assuming a new crop of even more clueless marks/folks to get BTC from!

(Youth of the world...no pride in your work anymore..just toss up some half-assed scammer price between 'twitter posts' and you 'assume' everyone will flock

to your newbie scammer thread....sheesh)

Brad

Yeah....not happening for me either....seems it gives us credit for the BTC but won't let me move it to the wallet part of Yobit.io...
ah well, it's only money.


It is not like we are panicking on this. I simply confirmed that what he posted (so far) is correct indeed, the button is not working to xfer BTC from an initial count of posts

to your wallet on www.yobit.io. Probably as you say it is nothing, but I verify also that, at the present time, the link is broke indeed.

Brad

hmmm...being 'evil' Facebook and all...could it be they planned LIBRA coin to get 'all the Pie for themselves' and control/data/etc?

Thus the backup plan would be Bitcoin, let the regulators go after that decentralized coin, via BitPay or whatever...and still get most of the Pie (ie data/spending).

Sounds like an 'evil' plan to me!

(It is like the regulators never learned from the Super Villains in their youth from those Cartoons! I mean really, we are talking 'Evil Genius Plans to Take Over the World" basic self-help

basic instructional course here!)

Facebook, still has plenty of room to maneuver on this, using Bitcoin in point of fact, we will see...

Facebook: We know what you look at on Facebook you freak! Bend to our 'evil' will!  (tm Facebook)

Brad

Hard to argue about him not knowing ban on 'microbursts' if indeed he was 'microbursting'. Just saying.

I also type fast, but nowhere near that fast. Now that we are down to only 10 posts away, hopefully, most of this silliness and banning will go away.

My 'comfort' point is $11,111.12 (you can figure out my BTC stash using MATH from this).

Whales don't have this problem, they hit their comfort level when Bitcoin was in the 100's of dollars.

Thus they can play this market like a flute! Also 'Miner Capitalization' is in full force now as well, for ANY ASIC, BTC or Altcoins. It is a frigging rout!

Don't forget this little bit of treachery. Why we will likely, IMHO, never get an ETF. The "powers that be" want Bitcoin Futures to keep the market unstable, IMHO, and

keep 'legit' Institutional Investors out' of Bitcoin. This works well to do so. See link:

https://www.coindesk.com/trump-administration-popped-2017-bitcoin-bubble-ex-cftc-chair-says

Just saying, we still may be in for a long haul on price coming back to $10,000 USD. I hope I'm dead wrong!

Brad

I agree they what they want and what they say are two different things. What they say is they want to be able to help 3rd world folk purchase stuff on a more even field via

Facebook's LIBRA coin in a regulated, by them and associates, Facebook controlled marketplace. They also want all that NICE data to re-sell from all those new Billions of folk

that would flock to Facebook for such. However, they could do MOST of that with Bitcoin and BitPay. Indeed, just BUY BitPay and use that from what I can see. It would be

chump change to Facebook. (1/2 Billion I heard tossed around). You'd also still have all that 'wonderful' data to boot. Also, regulators would have a damn hard time beating up

Facebook for using BitPay in a massive manner, with it's not in Facebook's control, also the decentralized Bitcoin usage. If www.newegg.com has done so with BitPay for years,

why not facebook. So maybe it is because Bitcoin could not 'scale' and BitPay could not keep up with such a mass of transactions, is part of this also, and made it easy

for Facebook to just go with LIBRA instead. I don't know. But, being a centralized coin (LIBRA) Facebook just painted a target on their back and most of yesterdays hearing

was not from what I can tell about LIBRA but Facebook being too big and having not enough control over false content, etc.

This likely is NOT gonna go away. Facebook needs this data. Perhaps they could simply integrate PayPal more into their site, but that is cumbersome and does not allow

a lot of 3rd world action which is what Facebook claims they want. Which brings up another topic, why the f*ck would PayPal partner with LIBRA and Facebook, but NOT

simply add a service like BitPay to the PayPal universe? That drives me nuts. Either action would benefit PayPal, IF, they think that LIBRA would, then it goes to show that

likely the same would be true of a BitPay type addition to their site. Anyway, as an aside, that confuses me no end.

Likely not getting their own LIBRA coin, Facebook will simply pass on all this and dump any crypto

on its site for years as a result of this. We will see I guess.

Brad

Hey, I'd like NOT to believe you. But it is not looking good indeed.

Right now with LTC it is not IMHO, the problem with POW mining itself and LTC, it is a problem, IMHO, on Litecoin not promoting

its uniqueness vs Bitcoin. The Devs are so scared to go off the beaten path, away from Bitcoin Core and again, IMHO, the 'lack' of promotion

and new ideas for LTC to at least 'discuss' if not implement is also way too long. I'm actually kinda 'shocked' they are supposedly doing

Mimblewimble anonymous xfers. Which is something that Bitcoin Core passed on as 'too controversial' from their point of view.

We will see, but they have to 'step it up' big time to compete against what some would argue (shudder) that BCH and BSV are the

true 'Silver to BTC's Gold' as the 'fork' of Bitcoin to these coins. NOT Litecoin! From a price situation, they have a point, from the fact that just

HODL'ing your original stash of say 100 BTC would give you at this moment $32,077.00 USD, in both BCH and BSV for just NOT breaking them out of your BTC Blockchain

does not hurt either. Just saying, newbies, I've talked to don't mention LTC at all, it is all BCH or BSV (shudder)....truly if they best LTC it will be

'the end of times' for LTC. But man, the LTC Devs have to start pulling out more than just Mimblewimble as the ONLY seen project of note and start

promoting WHY Litecoin IS better than BCH and BSV. Because BCH and BSV are promoting they MUCH better prices, as seen today on www.coinmarketcap.com

every frigging day. Again, Litecoin needs to 'suck it up' and act more like a legit coin now, rather than just tag along with Bitcoin Core enhancements, IMHO.

end of rant

later

Brad

Reserved

On the whole Facebook Libra thing. Looks more than dead in the water to me. I still don't get why they simply did not

buy out BitPay and Facebook just does as it pleases with crypto transactions.

Is it:

1) Facebook prefers its own currency Libra for the power/control/data mining on personal info from users as a result of use?

2) Bitcoin can't scale enough for transactions maybe? Technical people help me here, please! Scaling up for that many users on Facebook using Bitcoin just not do'able?

3) The governments of the world would lose their frigging minds on such an effort, due to the decentralization and thus make Facebook's life hell? (Not really sure,

how that differs from today's hearings..but let's go with that anyway)

So, it seems to me, that Facebook could use Bitcoin using Bitpay like www.newegg.com and others without issue. Hell, even Opera is adding it to their Android Browser,

if I remember right.

So what am I missing here guys? Or am I just frigging clueless on the politics and big business on all this?

take the poll

later

Brad

I keep telling people...go to the local 'jiggle' shop, those exotic dancers sure are tech-savvy when you start talking about your Bitcoin stash..who'd a thunk it?

Tis a mystery indeed!

Facebook and Zuckerberg just can't win. They are saying both it is the responsibility of Facebook to stop all sex trafficking and anti-vaccine false posts, etc, and then turn around and say Facebook has too much power and is into censorship and is going to far to stifle free speech and is a Monopoly! Sh*t on a stick, I bet after this hearing  Facebook pulls out of Libra completely, but the damage is done indeed. Now the gloves are off on the other non-crypto aspects of Facebook and how the government wants them to both be all and hands-off all at the same time. Facebook has really stepped into the sh*t with these hearings, they are gonna haunt them big time!

Brad

Facebook said that Bitcoin did not 'scale' enough for them to use such. It is a moot point IMHO if the Government can stop Facebook (Libra) from using and controlling

their own cryptocurrency, I'm pretty sure they could make it impossible for Facebook to use Bitcoin. They would simply make it too difficult in other regulatory aspects of

Facebook to allow that. So the whole exercise is probably just a dead-end anyway. Likely all this Libra effort has done has opened them up to more regulations on content.



Brad

This is the only reason I have not dumped my LTC, Mimblewimble. If they backtrack or stall or choke on that, I'm out.

However as stated in previous posts, what the hell else is the LTC Coders doing of any note? You can do, or attempt to do,

more than one coding project at a time I would think?

I've been in HODL mode with most of my BTC/Crypto since 2013. From the high of, what was it, $18k to the low of $3.2k BTC. But likely, we are 'sowing' the results of too many miners vs adoption. What is it, out of 21 million BTC only 3 million BTC can be mined yet? If I remember right?

https://cointelegraph.com/news/the-18-millionth-bitcoin-to-be-mined-this-friday-only-3-million-left

So, maybe, we are in for a downturn in price and the "miner capitulation" we are witnessing on a massive scale, leading to slow (hopeful) adoption of BTC/Crypto as a mechanism to get the price of BTC above at least $10k again in value. I'm not holding my breath.

As we speak, Facebook and Zuckerberg are getting their heads handed to them at the hearing. Current grilling is Bitcoin and Crypto are responsible for all crime and previous to that the representative wanted Zuckerberg and Facebook to remove all anti-vaccine posts. Zuckerberg tried to point out he could not stop individuals from the posting of false facts, he could simply make such groups or individuals not recommended on a search by  Facebook. That died with a Thud. So on the one hand they say Facebook has too much power and on the other hand they want Facebook to censor everything. What a cluster. Below is the hearing link..it is quite the clusterf*ck.

https://www.youtube.com/watch?v=isTB1Bpl9SA

I can watch this stuff for like 5 minutes then toss my hands up.

later

Brad

The anti-crypto types are out for blood at the hearing on Libra. In that Bitcoin/Altcoins are the 'bastard stepchildren' under the Libra project...this is getting ugly indeed.

I had to walk away....so little facts...so much posturing. Also, beating up Zuckenberg for not inforcing 'truth' like Anti-Vaccine posts by individuals. All practicality is gone

from the hearings, just a frigging free for all of misinformation/lies/and pushback at Facebook. Shit. if I was Facebook, I'd go, don't like Libra, gonna go fully decentralized

with Bitcoin. Man, they would really howl then. What a clusterf*ck of a hearing.

https://www.theverge.com/2019/10/23/20928558/zuckerbergs-hearings-watch-live-stream-how-to-libra-congressional-testimony-facebook

Brad

Reserved

just annoying as hell...some of the fears/and a damn lot of moving parts that come to mind below on ASIC mining today. Be you a small miner (< 10 ASIC's) or bigger than that.

Below are some off the cuff fears and IMHO how much more complicated ASIC mining is today vs 1 year ago.

(1) the frigging Tariff at 25%. That is like you are already dead and they put a stake through your heart just to make double sure. ie...deader than dead for ASIC miners in the USA.

(2) the increase in ALL from what I can tell ASIC makers prices by probably (IMHO) 25% plus versus a compatible ASIC's made 1/2 to 1 year ago. (Hell, it is the same frigging chips just more of them nm wise)

3) Electric has gone nuts.. add a BIG assumption I could even find 6c kWh electric in Canada. (People say if big enough you can find 4c kWh in the USA) I have a buddy grandfathered in a data hall in Colorado at 8c kWh, no hidden fees, no drama. (I'm at 10c kWh no hidden fees, no drama) Anyway, his was just raised to 9.5c kWh. My House electric bill was 17.29c kWh this last month. (No mining at home obviously) with 1/2 winter rates included in this months bill, it is now 16.01c kWh...so what .maybe I'll get 3c kWh to cut my electric bill down on the next bill with FULL winter rates to 14c kWh at the max? Also, remember I'm getting off 1-2c kWh because of Xcel Utilities still think I get that off as electric heat from last year, thus a 1-2c kWh break. It's a deal if your house is heated by electric. It is, I told them back in the day 'server equipment' and they said sure. Then again if they compare with the gas company, pretty obvious where my heat was coming from ASIC mining at home. But this year may be a lot different still. Sh*t.

The problem is Xcel is heavy into community Solar and such, as a lock-in plan. They 'tried' to lock me in 1/2 a year ago at renewable/Solar rate for 10 years or some such silliness at 20c plus kWh etc. I think that supposedly could go down...but also could go up...seemed fishy as hell. I figure in a few years if it gets that bad, I'll simply get solar myself and/or deep in the Trump fueled 'deep depression' I'll be using LED's and a car battery and it won't matter.

4) The difficulty is going to the moon...hell, even LTC is only down 10%..eventually, complete miner capitulation will happen, with 65% or more of BTC and LTC pow mining being Bitmain units, hell they all go off together..no more mining, no more miners hodl'ing btc/ltc/crypto..price dumps too boot...will drive confidence in BTC/Alts to the floor.

5) If the stock market goes poof 20% to 40% recession...will whales who had their own data hall businesses or were living off crypto then, sell a mess of BTC/Crypto in a depressed market to keep their trophy wife and Puerto Rico Lifestyle? Even if every whale only dumped say 5% or 10% in a recession, I'd bet the price would dump,  40% on such a contingency (IMHO) in other words, was BTC/Crypto purchasing and HODL'ling just something for good times? When the economy was good? Thus discretionary income and then that goes away with a recession so does BTC/Crypto Hodl'ing? Sure people buy GOLD ahead of a downturn...but I'm pretty sure they don't buy gold during the downturn..that is when they liquidate...if same goes for BTC/Crypto in for a long, again they say 7-12 years now, tough bit of recovery, if true. Again, double death for any ASIC miners to get for years. Be them Big/Medium/Hobby ASIC miners.

Also, If we have a recession they say it is 7-12 years to recover. Confusion if that would be a good thing or bad thing for BTC/crypto? No clue. But I'm working on the assumption we do for a recession, thus the above effect on BTC/Crypto. Again, so many moving parts it makes my head hurt. Looks unlikely as hell IMHO I/we(?) will be able to get an ASIC miner in the next 2 years with all the above drama.

So 2017 the price of BTC went up at the end of the year? In 2018 the price of BTC went down? So flip a frigging coin on mining/no mining or hodl'ing/no hodling or sell/buy more...you get the drift. Take the poll, beat me up, tell me I'm full of sh*t, I miss ASIC mining and am more than a bit whiplashed on what is going on with BTC/Cypto..prove me dead wrong...I'll thank you!

(end of rant)

later

Brad

Well, still moot question IMHO. I'll never be large enough even with 10 plus units of the newest variety in BTC/Alts or whatever to get in your ballpark.

Good for you, however.

On the other hand, as you can see above, the 6c kWh in Canada idea on my above post also came to a dead and screeching halt.

So it goes. But a lot of folks who did mine also were in HOLD mode of whatever btc/alt coin or flavor etc. With the majority of miners being small miners

that held I can't see large miners in any way HODL'ing, for one thing, it makes the whole tax IRS thing a real mess, accounting wise if you don't convert to USD daily.

So a lot of folks, even for the most part they were underwater 5% to 10% on their hobby ASIC miners and in HODL mode will come to a scratching halt. Again, IMHO.

Check my posts under my profile..gonna put up a thread of all the various moving parts with ASIC mining and my fears on such. Things got a lot more complicated from the

days you could be a small miner and mine and even HODL at a 5-10% loss for the future. Those days seem to be gone, can't even get off the launchpad now. Again, IMHO,

gonna be a lot less HODL'ing of BTC/crypto IMHO with small miners gone, also that will be the loss of a lot of 'Cheerleaders' for BTC/Crypto. Easy to be a Cheerleader ASIC small

miner with a take a small risk and get an ASIC and mine and HODL vs go big and get 15-20 of the latest ASIC units and go big. Just does not seem to have the same appeal to

the masses for BTC/Crypto adoption and such IMHO.

I hope I'm wrong.

End of rant.

Brad

This goes with my assumption that LTC's difficulty will crash down because I think 65% or more of all Scrypt-POW miners are the Bitmain L3+'s or L3's. Way too massive a presence.

They have (as usual in the past) have had a lot of folk (IMHO) mine at a loss anyway in the hope of others dropping out of mining. (Unlikely if you have a Bitmain L3+

..the yo/yo effect..a mess dump..diffculty goes down....a mess turn back on...difficulty goes up...a couple of months of this is likely all a guy/gal can take, and it has been that long)

Thus, with the current price and about 65% (again, IMHO) it is only when 'miner capitulation' for the Bitmain L3+ is no longer in any way profitable to mine

that, the LTC price MAY go up in value. I say MAY because a lot of miners are gonna stay far, far away from investing in LTC after the above 'miner capitulaztion'

and thus, probably, again in my view, gonna go 'screw it' and HODL BTC instead. Indeed, a case could be made that LTC could go even further down in price, because

a lot of miners ....again, if my 65% view above is true, would mine and HODL. This is no longer the case I think.

So a triple whammy, miners go off, LTC HODL'ing is diminished, the price reflects this, price of LTC dumps.

As I've said the LTC Foundation needs to do some PR and get Mimblewimble and/or other developments out. Or LTC risks staying at the 'copper' to bitcoin gold and

retreats from the field with Bitcoin Forks like BCH and BCV continuing to act like the Silver to Bitcoin's gold. It really, really, sucks, but how I see things backsliding at this time.

Again, sucks.

Brad