Thread: RIP Bitcoin

  1. #4451
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    Quote Originally Posted by jabir View Post
    How many projects do you reckon they could sift through with 'a fine toothed comb', and would that be more, or less than the non-crypto fraud and corruption and laundering investigations that are already backlogged and growing?
    they are using those cases as the foundation for regulations, using the tricks used to launder money or defraud customers as the technical base for the new rules

    bitcoin players, bye bye

  2. #4452
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    ^ more like Bitcoin is going to force government to become honest...

    Bye bye corrupt politics and banksters..

  3. #4453
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    About all they can regulate at this point is the BTC exchangers converting to fiat. KYC laws like Korea's trying to do now.

  4. #4454
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    Quote Originally Posted by Dragonfly View Post
    they are using those cases as the foundation for regulations, using the tricks used to launder money or defraud customers as the technical base for the new rules

    bitcoin players, bye bye
    That's great, because with regulation comes inescapable recognition, and not even you can dispute that.

    Last week the SK gov were in FUD mode, this week they're prepping for support. Tommorow ICX is hosting the Mainnet release at the largest building in Seoul, so let's see if the SK gov raid it or sign up to research involvement because SK sets the tone for SEAsia and, oh no, Asean! Other govs (I think OZ and Russia) are at various stages of blockchain participation including developing their own for specific admin functions.

    No getting away from it, don't ask me what a blockchain is because I'm as dumb as most on here, but you don't need brains to realise they are here to stay. Sure there will be nights or weeks of the long knives, and hopefuly this will purge 90-95% of the crap that's being pumped out, but stay with the prime movers with practical uses and you can't go wrong.


    If I'm wrong it will cost me, not you, since 80-85% of my port is in ICX, STRAT and NEO, 3 coins that will rise or die or live on in pain depending on how Asian govs react over the coming months. Fex, I reckon China’s public rail against cryptos over the past couple of weeks is a moody; all those huge mining towns they 'shut down', my money says, were or will be taken over by the state which once up and running will make the Chinese gov the largest miner in the world; mining on such a large scale = wealth!
    Last edited by jabir; 24-01-2018 at 08:53 AM.

  5. #4455
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    The big news today was supposed to be this...

    Weiss Announces First Bitcoin and Cryptocurrency Grades by U.S. Rating Agency

    Risky Crypto Market to Get the Clarity Only Impartial Ratings Can Provide

    Palm Beach Gardens, FL — Weiss Ratings, the nation’s leading independent rating agency of financial institutions, will issue letter grades on cryptocurrencies, including Bitcoin, Ethereum, Ripple, Bitcoin Cash, Cardano, NEM, Litecoin, Stellar, EOS, IOTA, Dash, NEO, TRON, Monero, Bitcoin Gold and many others.

    The new Weiss Cryptocurrency Ratings, to be released January 24, are the first by a financial rating agency. They are based on a groundbreaking model that analyzes thousands of data points on each coin’s technology, usage, and trading patterns.

    “Many cryptocurrencies are murky, overhyped and vulnerable to crashes. The market desperately needs the clarity that only robust, impartial ratings can provide,” said Weiss Ratings founder, Martin D. Weiss, PhD. “We’re proud to be the first to bring that benefit to investors — to help them cut through the hype and identify the few truly solid cryptocurrencies. Our ratings are based on hard data and objective analysis. But they're bound to create controversy, including some grades that may come as a surprise to some people.”

    Weiss Ratings, which began in 1971, rates 55,000 institutions and investments. Unlike Standard & Poor’s, Moody’s, Fitch and A.M. Best, Weiss never accepts compensation of any kind from the entities it rates. Its independence and accuracy have been noted by the U.S. Government Accountability Office (GAO), Barron’s, The Wall Street Journal, and The New York Times, among others.
    Unavailable due to high demand/DDOS/bugged implementation?
    Chaos atm.

  6. #4456
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    ^ Cheers.

    Would expect a nice spike in the ones that get good ratings.




    If any of them get good ratings.

  7. #4457
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    ^
    Given the state of many struggling with scaling issues, hacks & AML regulations it'll be a wonder if any get more than a 'D'.


    The ratings will be useful for getting more mainstream investors onboard, I expect the crypto-anarchists will write it off as illuminati gubmint if their coin isn't rated highly.
    Some people think it don't, but it be.

  8. #4458
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    is TRON still a thing ?

    Quote Originally Posted by Plan B View Post
    I expect the crypto-anarchists will write it off as illuminati gubmint if their coin isn't rated highly.
    or they rate scams or very early development stuff highly

  9. #4459
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    TRON got slated by the Monero lead dev a couple of weeks ago. Truth or FUD? I don't really know enough about it.

  10. #4460
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    Quote Originally Posted by uncle junior View Post
    About all they can regulate at this point is the BTC exchangers converting to fiat. KYC laws like Korea's trying to do now.
    sure, you can always trade with your monopoly currency for the hell of it

    like in a RPG video game, exactly I explained it to you previously

  11. #4461
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    Quote Originally Posted by jabir View Post
    That's great, because with regulation comes inescapable recognition, and not even you can dispute that.
    yes and no, not if the new regulations make the whole trading experience impossible, hence fucking up volume and price forever

  12. #4462
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    SEC watching firms trying to cash in on blockchain
    Securities and Exchange Commission Chairman Jay Clayton is warning that regulators scrutinize firms capitalizing on blockchain technology's popularity to draw investors. Clayton told a conference that firms suddenly exploiting blockchain must provide "adequate disclosure to Main Street investors about those changes and the risks involved."

    SEC to examine companies that pivoted to blockchain | TheHill

  13. #4463
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    ^
    You keep posting good news. When did you become a crypto convvert?

  14. #4464
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    Quote Originally Posted by Dragonfly View Post
    SEC watching firms trying to cash in on blockchain
    Securities and Exchange Commission Chairman Jay Clayton is warning that regulators scrutinize firms capitalizing on blockchain technology's popularity to draw investors. Clayton told a conference that firms suddenly exploiting blockchain must provide "adequate disclosure to Main Street investors about those changes and the risks involved."

    SEC to examine companies that pivoted to blockchain | TheHill
    As with nearly any government action they arrive a day late and 170 Trillion dollars short. Oops!

    The US Federal government is toast, they just don't realize it yet. The death throws will go on for years.

  15. #4465
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    crypto currency is nothing more than monopoly money,

    they added a new twist with the distributed crypto, perfect to distract the light heads out there with no clue

    it's a game, not really different from the Fed money games at the end

  16. #4466
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    Quote Originally Posted by Dragonfly View Post
    yes and no, not if the new regulations make the whole trading experience impossible, hence fucking up volume and price forever
    That's abolition not regulation, doesn't work, one of the disastrous consequences would be to push it underground to create yet another dark economy. Acknowledge it as here to stay, regulate and even tax it, but your way would turn future tech into a disaster; good job you're not on any ticket.

  17. #4467
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    Quote Originally Posted by Dragonfly View Post
    crypto currency is nothing more than monopoly money,
    Wow, you really have no real grasp of what the most powerful globally distributed computer network signifies, no idea at all.

    The fake money is the USD, is in debt to the tune of more than 170 trillion.
    Perhaps in some twisted minds this US debt is an asset. It's not! The Euro is in deep doo doo as well.

    There is very good reason for the growth of Bitcoin; the death and devaluation of fiat.

  18. #4468
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    Quote Originally Posted by jabir View Post
    That's abolition not regulation, doesn't work, one of the disastrous consequences would be to push it underground to create yet another dark economy. Acknowledge it as here to stay, regulate and even tax it, but your way would turn future tech into a disaster; good job you're not on any ticket.
    they want to kill it, you might choose to ignore it, but that's what it is

    regulation is there to curb any crazy initiatives, and it can leads to abolition

    don't think it's possible ? a number of new transparency and compliance rules in the bond market completely killed off the second market trading in some bonds, same as the Financial Transaction Tax in Europe, it killed the volume on European equities

    in those cases, they are going to reverse some of the early regulation, being too punitive

    in the case of bitcoin, it's a shit instrument for shit players, they are going to get squeezed. Sure it can go underground, and that's exactly what they want to, it will be simply monopoly money for the underground players.

    there is no credible incentives or justification for crypto-currencies, it's a pipe dream for authoritarian-anarchists and a gambling den for fraudsters and chavs

  19. #4469
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    Quote Originally Posted by Mr Earl View Post
    Wow, you really have no real grasp of what the most powerful globally distributed computer network signifies, no idea at all.

    The fake money is the USD, is in debt to the tune of more than 170 trillion.
    Perhaps in some twisted minds this US debt is an asset. It's not! The Euro is in deep doo doo as well.

    There is very good reason for the growth of Bitcoin; the death and devaluation of fiat.
    you are repeating this shit like an Islamic lunatic, as if it will change reality

    but it doesn't, you are living some kind of fantasy, the sooner you return to earth, the better

    and stop smoking piss and shit

  20. #4470
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    is there a system in place whereby u can set an alarm on a coin of ur choice.? if so details please.

  21. #4471
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    All the Android apps should have alerts. Blockfolio does

  22. #4472
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    Quote Originally Posted by baldrick View Post
    Blockfolio does
    Is utter shit. BitUniverse is where it is at!

  23. #4473
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    Quote Originally Posted by bsnub View Post
    where it is at!

  24. #4474
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    Why have people stopped posting their gains and losses?

    I found it quite interesting, but for the past few days, it has seemed to have slowed down.

  25. #4475
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    So where are you buy orders at lads?

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