Bitcoins worth more than gold
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Lol, do not rely so much on mainstream media. They are well known for their FUD messages as they generally have no clue about cryptocurrency. The Indian story has already been debunked: https://cointelegraph.com/news/india-bi ... ion-speech
As of regulations, fine. They are largely targeted at ICO's and other investment types. I have no problem with identification requirements at exchanges. Bitcoin usage for money laundry is one of dumbest things to do due to the fact that all transactions are public. So it is just being used to instill fear and slow down adoption (remember: there are only max +- 21m Bitcoins). If you want to launder your money you will use a privacy coin such as Monero or just stick with fiat currency and some shell companies.
Besides currencies there is now in increase in business applications. We had Ethereum Smart Contracts and it's Chinese sibling NEO. Recently VeChain (DNV GL & PwC partnership) and Walton started in the supply-chain / IoT and RFID field. This could lead to interesting transformations:
- IoT Device -> Device Payment: e.g. your autonomous driving car parks itself and pays the fee automatically or picks up a customer and charges him the correct fee.
- Anti-counterfeiting: embed a tamper evident tag/sensor in products and record production details on the blockchain. Consumers/end-users can scan their product and validate authenticity. (sure there will still be a black market but it might become less attractive). In the far future that black market might be eliminated once our houses are fully smart. Any product coming in would be scanned, no tag? send out an alarm message.
Besides luxury products this would also be interesting for pharma, food and industries such as automotive and aerospace. Remember Kobe Steel?
- Supply Chain Tracking: from production to consumer log each step on the blockchain. You could track for example that fish has been stored frozen throughout the process until it reached your supermarket / restaurant. Your organic vegetables have not been exposed to harmful chemicals, etc.
Sure a normal database could do this however each company would have their own versions and fields and backup methods (what? no backup??). There is no central authority to validate the data.
If a central authority was to be created it forces companies into providing correct data. Uploading false data could lead to termination of the service. If your main competitors are playing fair it would result in a loss of all your customers thus bankruptcy.
PS if you do not own Bitcoin this is the best way to enjoy the price volatility: https://rollercoasterguy.github.io/
As of regulations, fine. They are largely targeted at ICO's and other investment types. I have no problem with identification requirements at exchanges. Bitcoin usage for money laundry is one of dumbest things to do due to the fact that all transactions are public. So it is just being used to instill fear and slow down adoption (remember: there are only max +- 21m Bitcoins). If you want to launder your money you will use a privacy coin such as Monero or just stick with fiat currency and some shell companies.
Besides currencies there is now in increase in business applications. We had Ethereum Smart Contracts and it's Chinese sibling NEO. Recently VeChain (DNV GL & PwC partnership) and Walton started in the supply-chain / IoT and RFID field. This could lead to interesting transformations:
- IoT Device -> Device Payment: e.g. your autonomous driving car parks itself and pays the fee automatically or picks up a customer and charges him the correct fee.
- Anti-counterfeiting: embed a tamper evident tag/sensor in products and record production details on the blockchain. Consumers/end-users can scan their product and validate authenticity. (sure there will still be a black market but it might become less attractive). In the far future that black market might be eliminated once our houses are fully smart. Any product coming in would be scanned, no tag? send out an alarm message.
Besides luxury products this would also be interesting for pharma, food and industries such as automotive and aerospace. Remember Kobe Steel?
- Supply Chain Tracking: from production to consumer log each step on the blockchain. You could track for example that fish has been stored frozen throughout the process until it reached your supermarket / restaurant. Your organic vegetables have not been exposed to harmful chemicals, etc.
Sure a normal database could do this however each company would have their own versions and fields and backup methods (what? no backup??). There is no central authority to validate the data.
If a central authority was to be created it forces companies into providing correct data. Uploading false data could lead to termination of the service. If your main competitors are playing fair it would result in a loss of all your customers thus bankruptcy.
PS if you do not own Bitcoin this is the best way to enjoy the price volatility: https://rollercoasterguy.github.io/
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I've been hodling a lot of walton WTC for a while now. Great tech.
Anyone who doesn't like Capitalism is a pathetic loser. God bless the USA and no place else.
https://coinmarketcap.com/currencies/walton/DetroitMuscle wrote:I've been hodling a lot of walton WTC for a while now. Great tech.
with walton's market cap i cant figure out why is doesnt appear in the top 100 at https://coinmarketcap.com/coins/
edit: appears here https://coinmarketcap.com/tokens/
no replying to those who misinterpret/misread what i write. this aint kindergarten
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It's rank 36 on CMC right now..sociopath wrote:https://coinmarketcap.com/currencies/walton/DetroitMuscle wrote:I've been hodling a lot of walton WTC for a while now. Great tech.
with walton's market cap i cant figure out why is doesnt appear in the top 100 at https://coinmarketcap.com/coins/
edit: appears here https://coinmarketcap.com/tokens/
Anyone who doesn't like Capitalism is a pathetic loser. God bless the USA and no place else.
JPMorgan Chase & Co., Bank of America Corp. and Citigroup Inc. said they’re halting purchases of Bitcoin and other cryptocurrencies on their credit cards.
the vultures are circling
the vultures are circling
no replying to those who misinterpret/misread what i write. this aint kindergarten
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- I Am Losing It All to the Internet
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Seems the arse has dropped out of bitcoin. Pity, nice run while it lasted.
Has it? I see it at $8300 now, up some $700 today alone. It may not be at $20k like it was briefly, but it's still been unbelievably resilient so far, despite all the gloom and doom from various government's proclamations about banning crypto currencies.Just Robbed wrote:Seems the arse has dropped out of bitcoin. Pity, nice run while it lasted.
"The final straw actually involved my mortal enemy vladimir, who you may or may not know is an insufferable, overposting asshat."
One of the largest exchanges in NA was down for 24 hours due to server sync issue. Explains a bit but ya, lots of bot trading atm.
- Youn Hoo Fatt
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in the process of fucking off to the land of honey and free beer
Here's a quick way to make $20 trillion $20 trillion or a measly $500 Million
Certainly rasied my confidence level in the security they provide.
Not alone though it seems.
June, 2011 – 25,000 BTC ($775k by a user known as “ALLINVAIN”) -- curently worth $250 million adjusted.
March, 2012 – 46,703 BTC ($6M on Bitcoinica)
September, 2012 – 24,000 BTC ($250k on Bitfloor)
November ,2012 – 263,024 BTC ($3.42M on Bitcoin Saving & Trust)
November, 2013 – 1,296 BTC ($1.46M on BIPS); 4,100 BTC ($5.6M on Inputs); $6,000 BTC ($6.7M on PicoStocks)
February, 2014 – 650,000 BTC ($368M on MT.GOX)
March, 2014 – 150 BTC ($101k on bitCoin); 896 BTC ($572k on Flexcoin)
July, 2014 – 3,700 BTC ($2M on Mintpal $2m); 5000 BTC ($1.8M on Bitpay)
January, 2015 – 7,170 BTC ($1.82M on BTer.com); 3,000 BTC ($777k on Kipcoin); 1,000 BTC ($230k on 796 Exchange); 18,866 BTC ($4.3M on BITSTAMP)
March, 2015 – 150 BTC ($3.2k on COINAPULT)
May, 2015 – 1,500 BTC ($350k on BITFINEX)
October, 2015 – 10 BTC ($3.2k on Purse)
January, 2016 – 13,000 BTC; 3,000,000 Litecoin ($5.8M on Cryptsy)
March, 2016 – 81 BTC ($33k on COINTRADER); 469 BTC, 5,800 ETH 1,900 Litecoins ($230k on ShapeShift)
May, 2016 – 250 BTC, 185,000 ETH, 1,900 Litecoin ($2.14M on gatecoin)
June, 2016 – 3,500,000 ETH ($53M on DAO)
July, 2016 – $85k on Steemit
August, 2016 – 119,756 BTC ($65M on Bitfinex)
October, 2016 – 2,300 BTC ($2.6M on Bitcurex)
February, 2017 – $444,000 on erocoin
July, 2017 – 153,037 ETH (Parity); 37,000 ETH ($7M on COINDASH); $1M on Bithumb; $8.5M on Veritaseum
August, 2017 – 1,500 BTC ($500k on enigma)
Certainly rasied my confidence level in the security they provide.
Not alone though it seems.
June, 2011 – 25,000 BTC ($775k by a user known as “ALLINVAIN”) -- curently worth $250 million adjusted.
March, 2012 – 46,703 BTC ($6M on Bitcoinica)
September, 2012 – 24,000 BTC ($250k on Bitfloor)
November ,2012 – 263,024 BTC ($3.42M on Bitcoin Saving & Trust)
November, 2013 – 1,296 BTC ($1.46M on BIPS); 4,100 BTC ($5.6M on Inputs); $6,000 BTC ($6.7M on PicoStocks)
February, 2014 – 650,000 BTC ($368M on MT.GOX)
March, 2014 – 150 BTC ($101k on bitCoin); 896 BTC ($572k on Flexcoin)
July, 2014 – 3,700 BTC ($2M on Mintpal $2m); 5000 BTC ($1.8M on Bitpay)
January, 2015 – 7,170 BTC ($1.82M on BTer.com); 3,000 BTC ($777k on Kipcoin); 1,000 BTC ($230k on 796 Exchange); 18,866 BTC ($4.3M on BITSTAMP)
March, 2015 – 150 BTC ($3.2k on COINAPULT)
May, 2015 – 1,500 BTC ($350k on BITFINEX)
October, 2015 – 10 BTC ($3.2k on Purse)
January, 2016 – 13,000 BTC; 3,000,000 Litecoin ($5.8M on Cryptsy)
March, 2016 – 81 BTC ($33k on COINTRADER); 469 BTC, 5,800 ETH 1,900 Litecoins ($230k on ShapeShift)
May, 2016 – 250 BTC, 185,000 ETH, 1,900 Litecoin ($2.14M on gatecoin)
June, 2016 – 3,500,000 ETH ($53M on DAO)
July, 2016 – $85k on Steemit
August, 2016 – 119,756 BTC ($65M on Bitfinex)
October, 2016 – 2,300 BTC ($2.6M on Bitcurex)
February, 2017 – $444,000 on erocoin
July, 2017 – 153,037 ETH (Parity); 37,000 ETH ($7M on COINDASH); $1M on Bithumb; $8.5M on Veritaseum
August, 2017 – 1,500 BTC ($500k on enigma)
Bitcoinica lost users money many times and was shit down.
https://bitcoinmagazine.com/articles/bi ... rom-again/
My.Gox was shut down after losing money and fraud.
Bitfinex withdrew letting users take out coins after its bank stopped supporting them. At present it’s users don’t know what bank they use.
https://en.m.wikipedia.org/wiki/Bitfinex
Coin trader was shut down by the owners after a hack.
https://www.coindesk.com/bitcoin-exchan ... huts-down/
Bitcurex was shut down after a hack.
https://news.bitcoin.com/bitcurex-forced-million-theft/
https://bitcoinmagazine.com/articles/bi ... rom-again/
My.Gox was shut down after losing money and fraud.
Bitfinex withdrew letting users take out coins after its bank stopped supporting them. At present it’s users don’t know what bank they use.
https://en.m.wikipedia.org/wiki/Bitfinex
Coin trader was shut down by the owners after a hack.
https://www.coindesk.com/bitcoin-exchan ... huts-down/
Bitcurex was shut down after a hack.
https://news.bitcoin.com/bitcurex-forced-million-theft/
pew, pew, pew, pew!
One more to add to the listYaTingPom wrote:Bitcoinica lost users money many times and was shit down.
https://bitcoinmagazine.com/articles/bi ... rom-again/
My.Gox was shut down after losing money and fraud.
Bitfinex withdrew letting users take out coins after its bank stopped supporting them. At present it’s users don’t know what bank they use.
https://en.m.wikipedia.org/wiki/Bitfinex
Coin trader was shut down by the owners after a hack.
https://www.coindesk.com/bitcoin-exchan ... huts-down/
Bitcurex was shut down after a hack.
https://news.bitcoin.com/bitcurex-forced-million-theft/
[emoji38]
https://cryptocomes.com/south-african-a ... btc-global
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