Last of the V8s
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Be a bank
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February 07, 2018, 06:15:49 PM |
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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infofront (OP)
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Shitcoin Minimalist
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February 07, 2018, 06:23:46 PM |
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...
Yet the price of Tether haven't really crashed. BUT... what has crashed is all the crypto market which I think could be related. What if it was Tether/Bitfinex that had USDT somewhat backed.... NOT by USD but by a mix of USD, BTC and many other crypto?
If that were the case they would have been forced to liquidate those crypto assets to maintain the USDT peg stable. And, having to back more than 2 billion dollars overnight requires a lot of dumping, which causes panic and many other people dump too. Also as the price of the crypto assets go lower, more (coin units) dumping is required to extract the same value.... and there you have your doom circle.
Is that what has happened? Maybe, or at least it has been one in many factors behind the "crash".
Good post. What if I told you that actually a Bitfinex employee (bfx_drew) (accidentally?) blurted out exactly this a few weeks ago?  Most of us know that it is highly unlikely that institutional investors have wired 2.2 billion $ and 85 M € to a sketchy entity like Tether. However, it is entirely possible that Tethers are actually backed by cryptocurrencies. E.g. exchanges like Binance make a ton of income in trading fees, but they collect it in various altcoins and not in fiat and they surely would prefer to hold it in a stable coin like USDT instead of random altcoins. That this could be a problem in the event of falling prices is obvious as @bitserve correctly pointed out in his post. That would also make some sense as to the timing of the Friedman LLP audit being terminated. |
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Ibian
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February 07, 2018, 06:25:12 PM |
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Was out of the office a couple of days. Today I heard a couple of collegues actually sold at the bottom! Shaking out the weak hands really works..... =(
Never owned more bitcoin than I do today. I am a lousy trader, which fortunately I know, so I haven’t had so little fiat for quite a while. Many are in for gaining dollars, euros or whatever fiat currency (not judging, perfectly normal). Few want to take the risk of accumulating a fixed stake in a truly decentralized ledger with mostly still unknown potential. I feel fortunate being able to spend most of my pay so frivolously. Minor quibble: The potential is known. The degree to which that potential will end up being realized, and the timetable, is the unknown. |
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Arriemoller
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Cлaвa Укpaїнi!
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February 07, 2018, 06:38:12 PM |
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I'm still kind of coming to grips with the fact that a man just put his version of a lambo IN ORBIT...with a final destination of MARS...
I Like what Mr. Musk did with that car  (This pic is real)  I somehow missed the car in that. Had to go back to double check, damn that guy is all the good kinds of crazy. And the stereo is playing "Space Oddity". I wonder if you can here music from a car stereo in mars thin atmosphere? |
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Nosk
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February 07, 2018, 06:40:19 PM Merited by LFC_Bitcoin (1) |
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I don't want to be a dick but can we please go back to btc related posts ? Sorry guys, love you  |
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Ibian
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February 07, 2018, 06:46:56 PM |
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Ibian
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February 07, 2018, 06:49:05 PM |
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I don't want to be a dick but can we please go back to btc related posts ? Sorry guys, love you We are witnessing the beginning of THE IMPERIUM OF MANKIND and numbers on a screen is what has you excited? |
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European Central Bank
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February 07, 2018, 06:49:33 PM |
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That would also make some sense as to the timing of the Friedman LLP audit being terminated.
run this through google translate - http://m.etoday.co.kr/view.php?idxno=1592309bithumb are guaranteeing tether's value no matter what happens. once again ifinex has slithered out of a corner by offloading their issues onto someone else. how do they manage it time and again? |
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Elwar
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Viva Ut Vivas
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February 07, 2018, 06:57:10 PM |
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jojo69
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diamond-handed zealot
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February 07, 2018, 07:07:28 PM |
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I don't want to be a dick but can we please go back to btc related posts ? Sorry guys, love you shut up, dick |
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Ibian
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February 07, 2018, 07:07:36 PM |
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Is that legit? They have Planet in the shipping form? |
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fabiorem
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February 07, 2018, 07:09:40 PM |
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At least the crash made the fees go lower.
I was able to send bitcoin to a brand new wallet, to claim my BTG using the old one.
However, I just discovered today, after synching the entire BTG blockchain, that this altcoin have no replay protection.
All the operations were replayed in the BTG chain. Im very sad, cant reclaim it.
I will be more careful with those forks now.
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Karartma1
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February 07, 2018, 07:10:05 PM |
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I guess next time we will have to use rockets we will have to remember of this spacex day. It's no coincidence we had a leg up during these days.
To Mars, Karolina, CCMF
Go Bitcoin go
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bitserve
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Self made HODLER ✓
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February 07, 2018, 07:26:35 PM |
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At least the crash made the fees go lower.
I was able to send bitcoin to a brand new wallet, to claim my BTG using the old one.
However, I just discovered today, after synching the entire BTG blockchain, that this altcoin have no replay protection.
All the operations were replayed in the BTG chain. Im very sad, cant reclaim it.
I will be more careful with those forks now.
What are you talking about? It does have replay protection. In fact BTG have different addressing than BTC. What did you use to claim it? |
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fabiorem
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February 07, 2018, 07:29:30 PM |
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What are you talking about? It does have replay protection. In fact BTG have different addressing than BTC.
What did you use to claim it?
I used the BTG qt wallet in their website. |
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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February 07, 2018, 07:32:39 PM |
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At least the crash made the fees go lower.
I was able to send bitcoin to a brand new wallet, to claim my BTG using the old one.
However, I just discovered today, after synching the entire BTG blockchain, that this altcoin have no replay protection.
All the operations were replayed in the BTG chain. Im very sad, cant reclaim it.
I will be more careful with those forks now.
Then you should still have the private key or seed for the new address |
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Toxic2040
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February 07, 2018, 07:33:00 PM |
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I don't want to be a dick but can we please go back to btc related posts ? Sorry guys, love you We are witnessing the beginning of THE IMPERIUM OF MANKIND and numbers on a screen is what has you excited? +1 WOsMerit https://twitter.com/elonmusk/status/961083704230674438 The delta v was much higher than expected. A elongated elliptical orbit will carry it out towards the asteroid belt. I'm still kind of coming to grips with the fact that a man just put his version of a lambo IN ORBIT...with a final destination of MARS...
I Like what Mr. Musk did with that car (This pic is real) I somehow missed the car in that. Had to go back to double check, damn that guy is all the good kinds of crazy. And the stereo is playing "Space Oddity". I wonder if you can here music from a car stereo in mars thin atmosphere? Its actually "Life on Mars" and yes sound waves can propagate thru the martian atmosphere but not at the levels found on earth. ei..the martian atmosphere is 1% of earths at sea level. http://www.planetary.org/explore/projects/microphones/sounds-on-mars.htmlCCMF |
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LFC_Bitcoin
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#1 VIP Crypto Casino
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February 07, 2018, 07:34:03 PM |
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What are you talking about? It does have replay protection. In fact BTG have different addressing than BTC.
What did you use to claim it?
I used the BTG qt wallet in their website. Use Coinimi android wallet, it’s really easy to just sweep the private keys to claim your free BTG. If you had bitcoin’s in those addresses prior to the BTG fork then you already said you have moved your bitcoin’s, so use Coinimi to claim your BTG. |
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jbreher
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lose: unfind ... loose: untight
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February 07, 2018, 07:35:25 PM |
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 I do indeed work in standards as my day gig. However, ones of a very different nature. Without the standards I work on, none of this shit would even start working. I thought you were too crypto rich to have a day job. I have previously explained the discrepancy. Around end of 17Q3, I tendered my resignation, effective end of 18Q2. The projects I am shepherding have a long development cycle. I feel I owe it to the industry to complete two of these longer term projects. Even with the comparatively long runway to ceasing employment, at least one of these projects will continue for another quarter or two. But I will no longer be responsible in that interim for other things my (at that time previous) employer might otherwise find for me. |
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fabiorem
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February 07, 2018, 07:37:49 PM
Last edit: February 07, 2018, 07:49:55 PM by fabiorem |
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I tried another copy of my previous wallet, and it worked now.
However, this copy had a segwit address in it. Dont know what happened, it is very strange because this segwit address was added after the fork, not before, as a experiment at the time.
The original wallet was bugged for no reason, there was no address in the addresses list, in the BTG version. The list was intact in the BTC version.
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