BTCMILLIONAIRE
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December 09, 2017, 09:09:09 PM |
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What I find odd in all these confiscation stories is the password protection of confiscated bitcoins. I mean ok, the authorities might have access to a wallet.dat which says it has XXXX bitcoins in it, but from there to actually accessing the funds is quite some distance away - assuming there is a wallet key protecting the funds. That's why I'm assuming that most authorities "confiscations" do not necessarily translate to getting access to those coins. How many years do you think it'll take before the circulating supply reduces to less than 1m BTC?
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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gentlemand
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Welt Am Draht
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December 09, 2017, 09:12:04 PM |
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What I find odd in all these confiscation stories is the password protection of confiscated bitcoins. I mean ok, the authorities might have access to a wallet.dat which says it has XXXX bitcoins in it, but from there to actually accessing the funds is quite some distance away - assuming there is a wallet key protecting the funds.
That's why I'm assuming that most authorities' "confiscations" do not necessarily translate to getting access to those coins.
It's Bulgaria. You probably get locked in a room with sweaty, bristly cops and then this happens - http://www.youtube.com/watch?v=QH_6TIr-sO8&t=0m53s
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blackknight_
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Lynda Seller <3
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December 09, 2017, 09:12:32 PM |
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You guys think it's going to crash tomorrow and fall for a week and then rise?
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julian071
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December 09, 2017, 09:15:12 PM |
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Very nice, thanks. Can we expect this on Bitcoin at any point? YW. I certainly hope so. Must be something for LN though as fees are too high right now.
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BTCMILLIONAIRE
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December 09, 2017, 09:16:32 PM |
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Very nice, thanks. Can we expect this on Bitcoin at any point? YW. I certainly hope so. Must be something for LN though as fees are too high right now. I'm not even worried about the fees. There's too much money involved for Bitcoin to disappear over fees.
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fabiorem
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December 09, 2017, 09:18:40 PM |
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What I find odd in all these confiscation stories is the password protection of confiscated bitcoins. I mean ok, the authorities might have access to a wallet.dat which says it has XXXX bitcoins in it, but from there to actually accessing the funds is quite some distance away - assuming there is a wallet key protecting the funds.
That's why I'm assuming that most authorities' "confiscations" do not necessarily translate to getting access to those coins.
But dont they interrogate the guys who are arrested?
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julian071
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December 09, 2017, 09:20:41 PM |
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What I find odd in all these confiscation stories is the password protection of confiscated bitcoins. I mean ok, the authorities might have access to a wallet.dat which says it has XXXX bitcoins in it, but from there to actually accessing the funds is quite some distance away - assuming there is a wallet key protecting the funds.
That's why I'm assuming that most authorities' "confiscations" do not necessarily translate to getting access to those coins.
But dont they interrogate the guys who are arrested?
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AlexGR
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December 09, 2017, 09:28:26 PM |
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What I find odd in all these confiscation stories is the password protection of confiscated bitcoins. I mean ok, the authorities might have access to a wallet.dat which says it has XXXX bitcoins in it, but from there to actually accessing the funds is quite some distance away - assuming there is a wallet key protecting the funds.
That's why I'm assuming that most authorities' "confiscations" do not necessarily translate to getting access to those coins.
But dont they interrogate the guys who are arrested? And they have to give the password? Why?
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BTCMILLIONAIRE
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December 09, 2017, 09:29:47 PM |
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And they have to give the password? Why?
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infofront (OP)
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Shitcoin Minimalist
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December 09, 2017, 09:30:39 PM |
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When the hell did BitMEX become the highest volume exchange? https://coinmarketcap.com/currencies/bitcoin/#marketsPerhaps this indicates action (shorting it seems) by American institutional investors.
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gentlemand
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December 09, 2017, 09:31:17 PM |
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It's not technically a Bitcoin exchange.
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BTCMILLIONAIRE
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December 09, 2017, 09:33:09 PM |
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It's not technically a Bitcoin exchange. Why would derivatives be listed in Bitcoin's CMC?
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AlexGR
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December 09, 2017, 09:36:07 PM |
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And they have to give the password? Why?
Yeah, ok but this is thug-style interrogation, not EU-like interrogation. I'm sure Bulgarians maybe more harsh, than say, French or Swedish interrogators, but still don't expect any violence
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gentlemand
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December 09, 2017, 09:37:46 PM |
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Why would derivatives be listed in Bitcoin's CMC?
I don't know. I feel weird tonight.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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December 09, 2017, 09:42:52 PM |
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So with cboe futures on Sunday, I'm thinking coiled spring ready to blow. Not sure of direction, though I'm betting on up... Either way it's going to be insane.
Agree or no?
It could be buy the rumor, sell the news... but in the longer term it is certainly bullish... because there is almost no way that these traditional financial fucks have prepared themselves enough BTC to really engage with this new instrument. But don't you think it's the traditional financial fucks as you call them -- are the ones that largely have driven the price from 8k to 16k, in an effort to have a supply on side to hedge against the Big Short that will come? Don't you think their plan was to accumulate as much as they could before futures go live? If it was a coiled spring ready to burst upwards, wouldn't they be sitting on their cash right now and our price would be $8,500? I hate to say it but I'm betting on downward pressure first. Maybe not right away but I think it hits $12k before it hits $20k Rather than giving an accurate assessment, you sound like you are unduly sympathetic to the plights of traditional financial fucks. You also seem to give traditional financial fucks much more credit than they likely deserve in the supposed bitcoin "preparedness" arena. Furthermore, $12k is hardly any kind of correction, given our past performance and given the current dynamics, so get real. Of course we could easily correct to $12k and even to $10k and it is within reasonable BTC price movements, especially when we have our current level of trade volume and seemingly ongoing passion, yet the current BTC price pressures remain UPPITY.. whether that is coming from traditional financial fucks or more broader-based.. and really I doubt that traditional financial fucks are driving this mad BTC price machine as much as you seem to be anticipating... good luck with your downward bets.
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fabiorem
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December 09, 2017, 09:44:15 PM |
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It's not technically a Bitcoin exchange. Why would derivatives be listed in Bitcoin's CMC? Maybe they want to inflate the marketcap with bitcoin which don't exist.
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Ibian
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December 09, 2017, 09:44:19 PM |
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What I find odd in all these confiscation stories is the password protection of confiscated bitcoins. I mean ok, the authorities might have access to a wallet.dat which says it has XXXX bitcoins in it, but from there to actually accessing the funds is quite some distance away - assuming there is a wallet key protecting the funds.
That's why I'm assuming that most authorities' "confiscations" do not necessarily translate to getting access to those coins.
But dont they interrogate the guys who are arrested? And they have to give the password? Why? Because pain!
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Rosewater Foundation
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December 09, 2017, 09:46:12 PM |
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Timing is a bit awkward given CBOE trading is based only on the Gemini price and starts in just over 24 hours. i like to think this was old school coiners beating Wall Street to the shorting punch. It's the optimist in me
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gentlemand
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December 09, 2017, 09:47:18 PM |
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i like to think this was old school coiners beating Wall Street to the shorting punch. It's the optimist in me
I thought they deferred to the Winkdex in case of Gemini seizure or is that the other futures outfit?
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xhomerx10
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December 09, 2017, 09:47:45 PM |
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Bulgarian FUD or futures FUD? We will have to pick one. Whoever came up with it hasn't done their research; the value of that Bitcoin is higher slight exaggeration than the GPD of Bulgaria! Anyway, Bulgaria ranks as the most corrupt state in the EU so it will be a miracle if those ever see the auction block. Don't worry, they will be dispersed, hidden and slowly laundered if they ever existedread denial!
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