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Thread: Bitcoin....who's gotten into it?
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09-24-2019, 03:26 PM #2876
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09-24-2019, 03:47 PM #2877Originally Posted by blurred
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09-24-2019, 04:35 PM #2878glocal
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HODL!
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09-24-2019, 08:26 PM #2879
Bitcoin....who's gotten into it?
It is very obvious we are going into a recession very soon. It is going to be very interesting to see which way crypto goes. I can easily see it going either dramatically up or dramatically down. I have no idea, crypto will be in uncharted waters. Interesting times.
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10-17-2019, 10:20 AM #2880Banned
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https://www.forbes.com/sites/kellyph.../#6d5311e61ed0
yeah noting shady about bitcoins.
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10-17-2019, 10:48 AM #2881
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10-17-2019, 12:19 PM #2882Funky But Chic
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That IRS-CI squad needs to get busy on the ol' punkinhead-in-chief.
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10-17-2019, 12:57 PM #2883
2 of the kiddy diddlers suck started their shotguns... too bad more didn't save the tax payers some $.
Originally Posted by blurred
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10-18-2019, 11:05 AM #2884
YAY for bringing down child molesters and pornographers and pedophiles!!
But one of the most important respects of this vis a vis Bitcoin is that the IRS was able to defeat the supposed anonymous nature of Bitcoin/blockchain. If it isn't anonymous, is it what its supposed to be?
By analyzing the blockchain and de-anonymizing bitcoin transactions, the agency was able to identify hundreds of predators around the world - even though those users thought that they could remain anonymous.
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10-18-2019, 12:28 PM #2885Banned
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10-18-2019, 08:13 PM #2886glocal
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How do you offshore bitcoin to keep the feds at bay? IRS will create a digital ledger of who owes what based on appreciation profits and bill accordingly. Question is - will they be able to seize your account? That's what they do, ya know.
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10-18-2019, 11:48 PM #2887glocal
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They had to catch Ross with his laptop on, opened, and logged on because they couldn't crack it back then.
He had a kill switch and if he closed the computer, it required a hard password.
They did a distraction thing and yanked it right out from under him, got in, and learned everything.
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10-19-2019, 02:54 AM #2888
one thing is for certain, it's interesting.
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10-19-2019, 08:38 AM #2889Banned
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Sha 256 has not been broken. The huge datacenter just outside salt lake (dubbed bumblehive) is a storage facility for data collection. Lots of stuff sitting waiting for that Sha to be broken.
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10-19-2019, 11:07 AM #2890
Move to Puerto Rico.
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10-25-2019, 12:43 PM #2891
I can haz bottom?
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10-25-2019, 12:59 PM #2892
Well, I will say ONE positive thing about this whole thing: it brings the LULZ.
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10-25-2019, 07:30 PM #2893
Pump up the jam, pump it up, while your feet are stompin', and the jam is pumpin', look at the crowd is jumpin', pump it up a little more.
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10-27-2019, 10:42 AM #2894
Orange coin good. Number go up.
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10-29-2019, 03:33 PM #2895
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11-04-2019, 03:08 PM #2896Registered User
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Lee Lau - xxx-er is the laziest Asian canuck I know
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11-04-2019, 03:52 PM #2897
Lone Bitcoin Whale Likely Fueled 2017 Price Surge, Study Says
- One entity on the cryptocurrency exchange Bitfinex appears capable of sending the price of Bitcoin higher when it falls below certain thresholds, according to University of Texas Professor John Griffin and Ohio State University’s Amin Shams. Griffin and Shams, who have updated a paper they first published in 2018, say the transactions rely on Tether, a widely used digital token that is meant to hold its value at $1.
- “Our results suggest instead of thousands of investors moving the price of Bitcoin, it’s just one large one,” Griffin said in an interview. “Years from now, people will be surprised to learn investors handed over billions to people they didn’t know and who faced little oversight.”
- “This pattern is only present in periods following printing of Tether, driven by a single large account holder, and not observed by other exchanges,” they wrote in their new peer-reviewed paper, set to be published in a forthcoming Journal of Finance.
- “Simulations show that these patterns are highly unlikely to be due to chance. This one large player or entity either exhibited clairvoyant market timing or exerted an extremely large price impact on Bitcoin that is not observed in aggregate flows from other smaller traders.”
https://www.bloomberg.com/news/artic...rge-study-says
If these accusations are found by a jury to be true, or even approximately true, then it will immediately go straight to the Hall of Fame level of Largest Frauds of All Time:
- Allegation #1: The 2017 Bitcoin Bubble was market manipulation, and Tether was how they did it
-- Allegation #2: Tether became a systemically important, money laundering conduit for the crypto ecosystem
--- Allegation #3: They might’ve gotten away with it, too, if they hadn’t gotten robbed while busy scamming
https://danco.substack.com/p/the-tri...r-lawsuit-part
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11-04-2019, 05:58 PM #2898
It'll be interesting watching this play out. It's honey badger don't care, limited future demand for stablecoin, or rinse and repeat:
Participants: We want to keep the feds at bay, we don’t want to answer irksome questions
Tether (circa 2017): Tether is backed 100% by USD
Participants: Cool, so we can evade the feds while pretending to trade USD
Banks: If you want to park USD here then you must comply with regulations
Tether: Ok, we’ll use “banks” instead
Big Player: I’ll issue Tethers to buy Bitcoins and then sell the USD backed Bitcoins at a higher price
Participants: Cool, we’ll buy or arbitrage Bitcoins with USD at the higher price because they’re backed 1:1 USD
“Banks”: We’re actually money launderers and we’re going to skim
Tether (post 2017): Tether is not backed 100% by USD, more like 60-ish-%, oh and some of the funds could be loans from affiliates
Participants: We want to withdraw USD, not crypto-to-crypto
Tether (2019): We are asking our customers not to send any additional incoming wires until we can provide a reliable method of receiving funds.
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11-04-2019, 08:58 PM #2899
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11-07-2019, 10:21 AM #2900
https://www.nationalgeographic.com/m.../2009/01/gold/
Buy Bitcoin
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