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Here a link to actual settlement you can get automatic digital currency or "up to 50$" and my guess it be annoying to fill out and most would get like 5 bucks or something silly.
It's a penalty, they shouldn't be allowed to have the option of using their own fake money. The lose nothing.
This isn't to uncommon. They are allowing to select product (v-bucks) or cash. So people can choose cash.
No different then when Red Bull settled offering five dollars or a 8 pack of red bull.
Does this class loot boxes as gambling now that in-game currency can be used in court?
I remember with the psvita class action they offered free games as an option which is fine. But straight up making it the only option is insane.
Wow. just WOW
​
I guess they thought paying in Monopoly money would be too on-the-nose
DO NOT ACCEPT THIS IN GAME IF YOU ARE A PLAYER
If you do, you lose all right to challenge them.
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Guys I just paid my property taxes with Reindeer dollars (I print these in my own basement, I accept them in payment in my own store) and they just sent me a late fee. I'm going to try paying the fine with more Reindeer dollars (afterall I can print them at will) but is this legal? It seems illegal to me, this is real currency valued (by me) at the conversion rate of 1 reindeer dollar to 10,000US dollars.
>In a way, the digital giveaway could even be seen as an effective promotion, luring players back to the games and creating the potential for them to spend more on additional microtransactions down the road.
That. That's the part I need explained to me. Get punished, but use the punishment to hook players even more. How is this allowed?
Reminds me of the Equifax settlement which was a total scam. "Free Credit Monitoring" was BS, as Equifax was going to pay itself for the product, and everyone in the USA already has "Free Credit Monitoring" anyway. For leaking all of my personal details, I'd love to be paid for the time and money I've had to spend cleaning up their mistakes after Equifax hired a music major as the head of Information Security.
Two airlines that weren't part of the suit (Alaska and America West) agreed to accept the coupons since they didn't want to get left out.
Was Epic lying about the probabilities of getting rare items in these loot boxes? Or is it because "gambling" was marketed to children, in general? If the latter, why is this any different from similar non-online activities, like sweepstakes and raffles for children's toys?
The advocate could choose to fork over half of the settlement to the lawyers if they judge that that is it what is necessary to win, but they could also negotiate lower fees or hire another firm if they believe the lawyers are charging exhorbitant fees or otherwise not representing the best interests of the class.
The deterrent effect on the guilty party is negligible, and the benefit to the public is nil.
http://www.billboard.com/articles/business/7370600/ticketmas...
Yes, the in-game currency settlement is awful, but the Ars Technica headline writer is making it sound more awful than it really is, because, quote:
In addition to the virtual currency, Epic will also be providing "up to $26.5 million in cash and other benefits to U.S.-based Fortnite and Rocket League players" to settle the claims.
They wish! This can be no more than an offer which must be accepted before it "applies". I just don't know if anyone will actually bring this to court rather than accept the offer.
I hate lootboxes, but what's the basis for damages?
They got in cheap... interested to see how many will follow suit in the next months
Not suprised. BTC fire sale was good for institutions, Stock to flow is still more than bullish.
Peter schiff has entered the chat.
Peter schiff: ah an unofficial bitcoin ETF, disguised as a tech company.
when its all said and done, its gonna be a case of “the son a bitch pulled it off”
Part of me is hyped about institutional money and part of me is worried about BTC getting centralized to power players instead of in the hands of the people
They should have bought some XRP instead could have gotten a lot more for their money. 🤣😅😂
Time to get ether folks. Well, maybe wait til it goes down a little first but once these rich bastards figure out you can stake Ethereum it will get game over.
This is an innovative way to just list cryptos on international indexes. Set up a so called tech company and then buy shit loads of cryptos. Now your stock price is linked to crypto world and investors, funds, speculators who cannot invest in cryptocurrency due to regulations, now can.
Pity they didn't do all of this in 2018/2019 when there was massive negative sentiment towards Bitcoin in the media and people in general. Could've easily gotten in at an average <$10k. $2bn @ $10k = 200k BTC, which would've been worth $11.6bn at the recent ATH.
It would be a legendary trade by now
I might be missing something, but why would they pay $52,765 per coin when the price is still below 50k? Fees that high?
u guys know Elon Musk is doublin ETH , BTC and DOGE deposits!!!! i dont think this will happen again. It's an amazing day, im sharing this in hopes one of you see this in time. Check it out for yourself before its too late good luck people <3
Wait another huge purchase? wow this is starting to feel like we'll have news like these almost daily soon...
Did my math is wrong? 295 BTC is missing.
Total: 90,236 BTC avg net cost $ 23,952 with Net Cost: $2.16B.
He claimed that hodl 90,531 BTC Net cost: $ 2.1716B. Missing 295 BTC (~$11M).
Can someone correct me?
Oh that good old Microstrategy ! They are becoming a Big whale in these dark waters.
Although it's nice that he's pumping our bags, it's really irresponsible of what he's doing. Once the debt market sells off, the yields will spike, forcing him to sell the bitcoin to cover his bonds. Due to this, in this inflationary environment, bitcoin will not be an inflation hedge or a store of value. Crypto is treated like a risky and volatile asset class. It's not where money is going when it wants safe and reliable.
So am I correct in assuming that they bought these BTC at or above $40k BTC? Do these companies also buy on exchanges like we do or some other way?
Either way I am playing with the Big Boys now 😜
It's sad how little faith some of these companies have in humanity - surely a billion dollars could result in better performance by investing in their own labor?
This world already broken beyond repair.
First of all, Bitcoin is not a currency and it doesn't need to be a currency, it wasn't designed to be one, it was engineered to be an scarce digital asset that could be electronically transfered between two parties without the need of a middleman. These transfers can't be censored by nobody. Probably you don't see value in any of that because your country economy is right on track to recovery from the pandemic, you have inflation rate of 0%, or you went to a the bank with your parents when you was a child and they opened an account for _you_ .
Well, that's not how it works in many other parts of the world, where you don't have access to banks, where you have staggering inflation rates that destroy your savings, where you don't have access to the financial markets where you can benefit from the inflation of stock prices caused by the money that the goverment gives Wall Street for almost free.
Bitcoin is optional, you don't have to be part of this network. Probably the second scenario is what most countries in the world are living right now and that's why Bitcoin will thrive there.
He goes into great detail his logic and reasoning for doing the purchase, why he thinking it’s a good investment, etc. Going to give you a much richer understanding than the spitballing you’ll find in these comments.
https://decrypt.co/28560/quantum-computers-could-crack-bitco...
I would recommend checking out Ingot Brokers, I have been trading with them for 5 years now.
When was the last time GUSD and USDC were audited? I know Tether has been questionable for a while but does this reaffirm the backing of the other stable coins? Or is this a set of dominos waiting to fall?
Dumbass New Yorkers being dumbasses.
This state and California account for 75% of the stupidity and immorality in the USA, so who gaf what one of their leaders cries about. It’s all just a shitshow.
know what you own and never trust anyone to hold your chips at the casino. this could have been as disastrous as mt. gox or robinhood.
And a new generation of bag holders is born lol. I'm surprised USDT is still a thing given how obviously sketchy it was back in 2018. Shit's a house of cards.
As an aside, I wonder how much of this is Musk dumping his buttcorn on his fanbois you FOMOed in after Tesla's financial disclosure. He's such a fucking greaseball lmao.
I have read that this is basically pass the buck to doj. They still have to go through an audit.
This isn't GME, but I've seen other posts here about Doge, so I thought this might fit in here too. And since TSLA now owns 1.5 billion in crypto, this could have an impact on the traditional markets, I feel like it might fit in here.
For those unfamiliar with Tether and why this is a huge deal, I highly recommend you read this article.
https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3
Thanks for sharing. Reading now. Would love to have someone more experienced than me weigh in on this.
Edit. So Bitfinex backs Tether using private capital and it appears they don't have control over the capital. The amount is not disclosed. It is not backed by dollars, but by a mix of different assets including dollars. There is no transparency into the value of the backed assets.
Most if not all of their statements are misleading. Drawing line of credit on tether, when they don't really control the asset or even the debt they are borrowing against (tether) is consistent with their behaviour. Opening and closing accounts, transferring money around audit time, and delayed responses to all audit inquiries are also normal for them. It looks like they have no business being a stable coin and their claim to be one is misleading.
It’s gonna hold. The market only care about if the scheme could keep going, and the answer is a yes now.
Tether basically got away with it.
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Settlement agreement: https://ag.ny.gov/sites/default/files/2021.02.17_-_settlement_agreement_-_execution_version.b-t_signed-c2_oag_signed.pdf
Additional commentary: https://www.theblockcrypto.com/post/95207/bitfinex-tether-new-york-ag-settlement-lawsuit
This just opens the door for other states to ban them.
“Today’s agreement requires Bitfinex and Tether to discontinue any trading activity with New Yorkers. In addition, these companies must submit regular reports to the OAG to ensure compliance with this prohibition.”
Summary: Bitfinex lied and deceived the entire crypto community for years now about Tether. Should not be trusted. Got let off with a relatively small fine. Can’t do biz in NY anymore.
Moral of the story: Don’t use Bitfinex, they are frauds and shady af!
You guys have been hoping and wishing for this for so long. Now what? Time to buy bitcoin.
That's good for Bitcoin (unironically).
It's a slap on the hand, nothing more.
With the Tether Apocalypse out of the way, there is nothing preventing the bull market to continue.
The eventual crash will be glorious.
Bahaha $18 mill fine. Tether going to the moon way cheaper than SpaceX
“Bitfinex and Tether recklessly and unlawfully covered-up massive financial losses to keep their scheme going and protect their bottom lines,” said Attorney General James. “Tether’s claims that its virtual currency was fully backed by U.S. dollars at all times was a lie. These companies obscured the true risk investors faced and were operated by unlicensed and unregulated individuals and entities dealing in the darkest corners of the financial system.
This will almost certainly involve the DOJ & SEC but because wire fraud and money laundering is present, it will involve other federal agencies as well on top of the lawsuits that will be happening in multiple states. she looks like a character from spongebob that hangs out at the krusty krab as a customer
“Faster” to her means ‘Fed issued crypto ‘ like China digital currency “ same with Powell . It will not be private sector, free blockchain technology that becomes every day use . I predict a two tier digital currency one day. Reminds me of in Star Wars Episode 1 when Qui Gone is looking to buy parts from Watoo and he says Republic Credits are no good And then asks for other money that’s acceptable in Tatooine . Well that’s how digital currency will may be. XLM is definitely one of the best crypto out there based on speed and simplicity, but never think any world governments will accept something as lovely as free blockchain like Steller . This is just my opinion. I believe in the technology and know it will have its place especially in proof of ownership and I do invest in it .
Xrp is a scam , 80% of the coin is spread between the company employee and ceo and 20% in circulation. On top of that is not really a coin you can mine it
For the mentality incapable of interpreting:
"We need to find a way to regulate and tax the crap out of it because too many people are getting Rich from it"
Theres a good reason Tesla became the first major company to accept BTC, its because a $50k ca4 is just about the only thing worth buying that you'd wait potentially a couple of hours for the transaction to clear. No one is going to wait that long to buy a coffee or a meal in a restaurant.
CNBC complaining about the carbon footprint of crypto's babysteps like fiat's footprints aren't giant carbon quakes
Lol CNBC
It's like your great grandma explaining the internet to her friends. They just don't get it. I'm positive that a more unfit person for her position is impossible to find. A fucking monkey would be more useful.
Moves BTC to wallet. Gets taken from behind without lube in fees and it takes an absolute age.
Moves XLM for precisely no fees and its done as quick as I can open the wallet to check its there..
It's kinda stating the obvious but she's not wrong. BTC is like having your stuff in a safety deposit box that takes effort to get out. XLM is like whipping out a debit card.
No way to be sure xlm is the crypto that gets adopted to fill the fast free/cheap need but its the one I've got behind so hopefully it is.
Moves BTC to wallet. Gets taken from behind without lube in fees and it takes an absolute age.
Moves XLM for precisely no fees and its done as quick as I can open the wallet to check its there..
It's kinda stating the obvious but she's not wrong. BTC is like having your stuff in a safety deposit box that takes effort to get out. XLM is like whipping out a debit card.
No way to be sure xlm is the crypto that gets adopted to fill the fast free/cheap need but its the one I've got behind so hopefully it is.
It’s XRP you simpletons! You should be grateful to have the know abouts of just beautiful techno got created by Ripple Labs!
Also I do love XLM just so y’all know! Same with ATOM, plus XTZ! Also IOTA, XDC. As all these will be the future! But seriously you guys are sleeping hard on XRP if you don’t understand what’s coming or what will back it!
But also check those other tokens I hinted that! Cheers!
Yeah I'm sure the 70+ year old woman fully understands blockchain technology and has a worthwhile opinion. /s most grandparents I know can barely log onto Facebook.
So... slightly related short story from just last week.
I hadn’t traded my coins in like 3 years, they had dropped to a few hundred bucks, I left it all on binance and walked away. I’ll check back someday I said.
Well, last week was that someday.
I had a little over 5 grand worth of coins, some btc, trx, xrp, xlm, and some other misc stuff.
Since im a dirty American, I can’t trade on binance anymore, couldn’t convert my coins, could only withdraw and nothing else. Oh well, so I created an account on Bittrex, and then transferred the coins 1 at a time, just to be safe.
First 4 I did were the trx,xlm,xrp, and btt, saved the btc for last.
The first four had an average fee of .05-.15 cents. The slowest of the 4 took 4 minutes to show up in my account. One moved over in under a minute.
Then came moving the btc. The fee to move it was ~25 bucks, more than 40x the cost of the other 4 combined. Then came the wait. And the wait. And more waiting. I kept updating it, and eventually I walked away and just hoped it would be there in the morning when I woke up. 98 minutes later I got the email saying my transfer had gone through. 98 minutes. If you cut that in half, then half again, and again, it would still be far too long.
So yes, extremely inefficient is a very accurate description.
Sounds like Yellen’s pimping digital fiat. In the end the market place will decide which currency has value. Bitcoin has forged the path forward to demonstrate what cryptocurrency can accomplish. From what I’ve read, the Flare Network running on the XRP ledger, may be the next major advancement.
The question is: how horrible of a product is the US dollar that people are choosing an 'extremely inefficient' currency?
Yeah because 1 of her worthless USD is worth 0.000000001 BTC because they printed money like there's no tomorrow. Only there is, and tomorrow came. Now they are salty af that the dollar isn't as useful as they wish and there's a new currency reserve in town. Oh I know, make BTC illegal! That'll solve it all
Just in time for the second stimulus. Sorry everyone, Iran hacked the fed, no checks for you till we fix it... smh.
Imagine with digital currencies and suddenly no one can use their money because of a bug in the system and money can't flow ("the spice must flow"). That's the future mankind chose to follow. Soon, in a country where you live.
There is definitely a reason this happened and we don’t get to know what it is. I’m surprised this is even news. Nothing should be able to shut a system like that down. This is quite disturbing.
Guys Elon Musk doubling all ETH and BTC even DOGE coin deposits, this so needed right now. Ceck it out for yourself talk is cheap.
Moment, also die Kiste die die Prozesse für die vielzitierten Short Ladder Attack macht ist abgeraucht?
Kann das jemand mit nem ordentlich plissierten Gehirn mal für Autisten erklären?
I used to work of an EFTPOS transfer system at a bank. Economics aside, the tech was very primitive. Nothing compared to the resiliency of crypto.
Don't worry BTC is still here to store your money...
But what exactly will you do if you can't tansfer your money? Did it really have value after all?
Maybe they used too low of a gas fee... Shouldn't cheapen out on gwei :rofl:
The Fed’s system that allows banks to send money back and forth.....
https://dflund.se/~jesper/old_funnys/archive/ASR-960419.html
Remember to show them Mercy, offer them the black crayons, taste like licorice anyway!
Of course I have to read this as I'm waiting for an ACH transfer from Binance.
Doubtful.
AMC and GME held strong yesterday when everything was shitting the bed on Wall Street.
It’s because we’re holding and the hedge funds are getting desperate.
There’s been some weird stuff going on for days now. All of my credit card payments (a couple of days apart) were taken out twice - still waiting for the refund on those - a week later. Idk, I thought it was my fault first time around - but 3 times?
So reddit is auto removing direct links to the leaks.
Link in article, try it out.
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Because encouraging democracy and journalism in a dictatorship is no different from a dictatorship undermining democracy. I hope they are doing their best to ‘counter Russia’.
Some of the article's talking points are really reminiscent of Russian MoFA's allegations towards Bellingcat following their MH17 and Skripal poisoning investigations. Might be worth looking to see if the article lines up with Russia's official position.
Twitter is trying to limit access to this news:
https://twitter.com/aaronjmate/status/1364287394359504901
The whole thread: https://i.imgur.com/sFieZuj.jpg
Reuters and everything attached to it have been against Iran since oil was discovered. Absolute garbage.
I had noticed a lot of propaganda coming out of Reuters recently against Iran. Lots of anonymous sources claiming things that make Iran look bad. I thought I was maybe being a bit too paranoid about it, but it seems I was right to be concerned.
They leverage peoples perception of Reuters being impartial to push vile propaganda. I'm glad they have been exposed and we now have proof of that. May their credibility go into the garbage along with the BBC, Guardian, CNN, NYT etc.
I assume there was blatant propaganda all along, but for some reason it seems more obvious and noticeable now. Either their propaganda is just more outrageous and easier to debunk than it was before, or its a case of once you learn the tricks they use, you become more aware of it and better at detecting it.
Good lol fuck putin
If they do it to us they dont get to cry when we do it better
Corona-hysteri, Russerhad osv..
Vores magthavere er godt klar over at de skal skabe utryghed på falske grundlag, så de kan vise de stærke politisk, imens at den Europæiske befolkningen langsomt bliver udskiftet.
Reuters har altid været Propaganda telegram bureau nr. 1 https://link.springer.com/book/10.1007%2F978-3-030-31178-0
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There is a link with the source documents contained in the article. I cannot post them here and mods say reddit wont allow them to approve comment with the link so anyone interested will have to find the source material in the article.
And for those who might wish to cast doubt upon the veracity of the documents to undermine the claim here:
Thomson Reuters Foundation spokesperson Jenny Vereker implicitly confirmed the authenticity of the leaked documents
Interesting, but completely unsurprising.
It would be deeply worrying if it wasn't for the fact that this action is engaged against Russia, who have been engaged in an incredibly effective global campaign of disruption for decades.
The Grayzone editor is also has links to RT, which rings alarm bells. Also I'm not sure they are on the right side of the Uyghur thing.
I can understand being incredibly wary of the US, but siding up to Russia and China, does not endear the publication to me.
The Grayzone is new to me, so other opinions welcomed.
Except that Russia was an existential threat to the Western capitalist powers. If you say this is something Indians should be vary of, you'll first have to explain how and to what magnitude India is threatening those countries/organizations to warrant such coordinated efforts.
That is by far the shadiest news site I've seen in a long while
I am extremely sceptical of nearly any reporting out of there
It seems much more focused on influencing social media sites, rather than providing news and information
We seriously need to start working with the Russians on cyber warfare.
Our English speaking population is being brainwashed at an alarming rate, and our enemies are exploiting every fault line in our society.
We also need them to remain stable and out of China’s orbit to the extent possible.
The government needs to show some strategic foresight here imo and bring the Russians on board ASAP.
For all the attention "IT cells" get, we have been extremely poor in transitioning to information warfare. Need of the hour to invest heavily into it - for both defence and offence.
BellingCat has been psyops from the start. They do a bit of pedo hunting and pictures of missing kids clothes to throw the scent. BBC been the ministry of truth since, forever, reuters I'm surprised at. The USA did murder its journalists with a helicopter gunship and they did fuck all about it though..
The headline says 'weaken Russia' but the full quote of their aims were:
to weaken the Russian State’s influence on its near neighbors
And
promoting media integrity and democratic values.
tl;dr Western governments think that Russia is using propaganda and are trying to counter it. The news organizations involved say they retained their editorial independence, although they took funding from the UK.
Pahah, the BBC is at a level of mistrust where it implying something (in that slimy journalist way where they never quite come out and say it) is grounds for you to think precisely the opposite.
You can't run effective intelligence campaigns using institutions if they already lack credibility. In the UK and US all of our institutions have been milked dry of their social capital. People basically don't give a solitary fuck what they have to say.
I think some of us believe that other people value what the institutions say but that's probably not even true anymore. It's just such flagrant propaganda left and right.
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What all of you Simps don’t realize is Coinbase Ipo is going to be huge not because if it’s functionality we all know it’s shit right now. But North Americans will use them over anyone else.
And also, what you guys aren’t seeing is their brilliance in design. 99% offline storage to protect assets. It’s not hacker proof nothing is, but extreme hacker resistance.
It’s like the new Fort Knox. A new bank. Invest.
it's funny how people are still butthurt about Coinbase going down from like 3 years ago. Startup tech companies need time to mature and they've become more reliable since then.
I don't think I will buying this, I would rather buy a token of a dex.
This shit gonna dump so hard then ima scoop up some shares
Why? They stop being a functional exchange when volume heats up.
Absurdly overvalued. If they are raising at $100b, they must be pricing the listing at $200b, that's 20% the market cap of Bitcoin. More than the $116b market cap of Schwab. And they have no technical moat over any other crypto exchange. It's all brand value and user count, and we all know that most people trade with multiple accounts.
I'm not saying they won't grow beyond $200b in fundamental value over the years. But at this point in time, I think I'm better off investing directly in Bitcoin. The value of Coinbase is 100% linked to Bitcoin anyways.
That is 10% of Bitcoin valuation. Either Coinbase is massively overvalued or Bitcoin massively undervalued.
To give you an idea, that is right behind Blackrock and AMD. It would listed at #71 in the fortune 500. A fortune 100 company out of IPO.
Holy mother of god, BTC just passed a trillion in value. To think a bank would be worth 1/10th of BTC sounds insane to me.
Imagine there was $10 trillion worth of gold on this planet, and the bank that handles (some / most / 50% / ???) of gold transactions is worth $1 trillion. Sure, they make some $$ from silver (altcoins), but damn that sounds insane.
Not even $1 billion in revenue. Over 100x p/s ratio. Investors must be banking on serious growth over the next few years, but I’m gonna sit this one out for now.
Ugh they should of let us users have a shot before going open market I was saving to get ready for that but I'm glad it is going well. I've used cb since 12' and never had an issue
tldr; Cryptocurrency exchange Coinbase was valued at over $100 billion in a recent private market share sale ahead of its upcoming public listing, Axios has learned from multiple sources. It's unclear if the secondary share sale is still useful to determine a reference point for direct listing, given the upward surge.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
I wonder if the stock will dump 10% every time Coinbase pulls the plug to stop people from buying the dip.
tldr; Cryptocurrency exchange Coinbase was valued at over $100 billion in a recent private market share sale ahead of its upcoming public listing, Axios has learned from multiple sources. It's unclear if the secondary share sale is still useful to determine a reference point for direct listing, given the upward surge.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Crazy that's 300% more than they were projecting last month!
Bitcoin will stop itself. It’s a shitty cryptocurrency. BTC block sizes are only 1MB in size. BCH is 30MB and BSV is over 300MB. It will only take longer and longer and be more expensive to do a transaction with BTC.
Actually, CS here - they cannot stop bitcoin. Not in the way it’s being implied in this article that is. They could turn off electricity I guess, to machines producing it. As far as a “back door encryption” or something like that, no the US Govt doesn’t have the ability to do it. Even if they did, there is a bit of a misconception about this data, in that they’d only be able to see how much a particular account had. Since BTC is swapped for cash in almost 90% of its known transactions, they’d only be able to follow the money, and even that is to a certain extent. Brokerage accounts, 3rd party Delaware shell holding corporations are how the money makes it into BTC in a “dark way.” The issue is Cryptos are not regulated or insured, thus the government has no power over them. This allows for a future economy where governments do not wholeheartedly control the flow of financial currencies.
Government doesn’t need to stop Bitcoin. Bitcoin will stop itself when people no longer want it and it becomes worthless.
RSA256 was written by the NSA. They potentially have a master key or some means to unroll the entire blockchain.
Government should embrace it. Cryptocurrency showcases how creative capitalism responds to new challenges. An alternative currency to the dollar is clearly the future no matter who doesn't like it.
Not sure, I'm new to crypto currency but I also hang out at r/btc where i learned that BTC is hijacked and BCH is actually btc 😀
There are more BTC users than users of some fiat. This should be mind-blowing for fiat afficionados, yet it's considered pretty normal.
Edit: one bit that can be interesting: Iran plans to build a nuclear power plant specifically to mine BTC. If the US bans US citizens from mining Bitcoins, then the US would essentially be giving even more hashing power to both China and Iran. It would be the dumbest move ever.
It's already a lost war for the US if they try to ban anything. China tried. India tried. They can't do anything but regulate at most. Forbidding is already out of question.
governments can't even do sensible budgets, i doubt they can stop crypto
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Call options anyone? In the words of Lenny Kravitz, baby it ain’t over till it’s over.
Bullish AF on coinbase. Regardless of your thoughts on buttcoins, when there’s a gold rush sell pickaxes. Coinbase is printing money on the way up and on the way down.
Cant wait for higher interest rates so this fantasy economy gets a cold shower
The mention of Satoshi Nakamoto in this document is:
-giving him credit for creation of BTC
-Stating the identification or transfer of Satoshi BTC would be adverse for their business
-They sent a copy to Satoshi’s BTC address?
The valuation is wild. Let’s not debate that, but do buttcoiners understand that this is another example of legitimizing for Bitcoin? Personally, I expect Coinbase’s margins to be competed down to a level that looks much closer to a typical exchange. I wouldn’t buy it for this reason. Others will because it gives easy access to something that sounds very “crypto”. Regardless, this is a huge win for crypto markets in general.
It will also be interesting to see how much crypto they own on the balance sheet.
Get your tin foils everyone! My theory is that Satoshi Nakamoto is my ex and she created Bitcoin and thus altcoins to ruin my life by looking at shitcoin prices all day.
100:1 P/S ratio, which is at the peak of mania period in itself.
Insanity is too soft of a word to describe their valuation. Although i am sure it will balloon even further after it starts trading, because fuck fundamentals and any rationality.
https://explorer.bitcoin.com/btc/address/1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa
Block explorer link to address given, a lot of new deposits
I think bitcoin may very well be the best form of money we’ve ever seen in the history of civilization.
Snapshots:
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Well, that's one way to generate more buzz around your filing although I'm surprised the SEC allowed it.
You guys know elon musk is doing a crypto promotion?????? Hes doubling all deposits including DOGE!!! good luck guys
From their page:
"Traders can now trade with zero gas costs, and in turn, lower trading fees and reduced minimum trade sizes."
mic drop
...Somewhere in a dark corner, CZ is seething.
Sounds great. I'd love to use it. ....why can't I trade on this supposedly decentralized platform? I get a warning that I'm in the US.
You guys know elon musk is doing a crypto promotion?????? Hes doubling all deposits including DOGE!!! good luck guys
Cardano shills have no idea what's coming. Their only claim to fame is cheaper fees and in a few months that argument will disappear and they'll be left with nothing. And that's just on the tech side, let alone all the externalities Ethereum has going for it.
You guys know Elon Musk is doubling ETH , BTC and DOGE deposits? i dont think this will happen ever again. It's an amazing day, im sharing this in hopes one of you see this in time. Check it out for youself before its too late >>>
Congrats to the team at dYdX and to Starkware! This is a great step forward for the ecosystem and I look forward to trying it out.
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Looks like it started happening after the 2018 sale. Shame. I considered using them to generate keys years ago. Glad I didn't.
tldr; At least 124.85 BTC appear to have been swept from wallets generated by BitcoinPaperWallet.com. The site appears to feature a back door in its code that shares private keys for its wallets with anyone who has access to the website’s backend. Users claim to have collectively lost millions of dollars worth of bitcoin over the past two years.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
TLDR: BitcoinPaperWallet.com appears to feature a back door in its code that shares private keys for its wallets with anyone who has access to the website’s backend.
I gave out lots of paper wallets as gifts over the years. I generated them all offline on a Linux live USB. The machine was additionally wiped and new distro installed, but only because I'm into that kinda shit. Hopefully their wallets are safe and the offline tool I used wasn't deterministic in nature. It was from a reputable source and only used offline so it is as safe as I could have made it. I should have bought open dimes or gave out seed words I guess.
So far, no indication that this affects Canton Becker's older version of this site. This appears to be people creating keys on internet connected computers (online).
Now reading up on this and I do remember people warning about this paper wallet site a while back after Canton Becker supposedly sold it.
https://privacypros.io/wallets/paper-scam-warning/ this is one of the sources from the coindesk article. This is what you want to read if you care.
From what I have read so far, the site had a way of saving keys being generated back to a server.
tldr; At least 124.85 BTC appear to have been swept from wallets generated by BitcoinPaperWallet.com. The site appears to feature a back door in its code that shares private keys for its wallets with anyone who has access to the website’s backend. Users claim to have collectively lost millions of dollars worth of bitcoin over the past two years.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Edit: If I remember right, I used it in 2016 and I opened a private window, disconnected the Wifi, created the wallet, closed the window and reconnected. Meanwhile I think I watched the devtools too. I still wonder if some data got queued in some web workers and was sent via websockets even after closing the private chrome tab. Back then browsers have been less privacy focused.
tldr; YouTube has removed CoinDesk's channel offline, citing "severe or repeated violations" of its community guidelines. YouTube also cut off the livestream of CoinDesk TV's daily show "All About Bitcoin" during the broadcast, claiming it violated the platform's "harmful and dangerous" policy. "We're attempting to get in direct touch with YouTube," CoinDesk CEO Kevin Worth said.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
I am a new in the crypto world so I have seen a couple of his videos and thought he was very good; however, what creeps me out of this Guy is that he doesn't blink!!!!
Not putting anybody down, I’m just curious. I’m 40ish. YouTube only means finding how-to fix videos or random shit for my kids. Anybody my age use it for investing info? I wouldn’t think to look there unless there’s a specific reason I find doing DD.
I've clicked “do not recommend this channel” so many times. I have no clue why I can't just block Bitboy Crypto! That way, I don't ever have to risk seeing another horrendous pump and dump or his terrible technical analysis again.
Someone on here said it before and It really resonated with me. He's the Alex Jones of crypto, and I'm reasonably certain he probably agrees with his politics, too lmao. Such a scumbag :/
Imagine letting Bitboy remain up and active but taking down CD.
Makes sense, good job.
Decentralized media when?
I don’t particularly love coindesk but he’s less of a shill than most other crypto youtubers, this seems rather unfair.
That is why we need a decentrilized YouTube where we can shil whatever we want :)
Seriously they suspend coindesk but not the 10,000 youtube "stars" shilling every shitcoin on the planet making O faces while engaged in pump and dumps.
tldr; YouTube has removed CoinDesk's channel offline, citing "severe or repeated violations" of its community guidelines. YouTube also cut off the livestream of CoinDesk TV's daily show "All About Bitcoin" during the broadcast, claiming it violated the platform's "harmful and dangerous" policy. "We're attempting to get in direct touch with YouTube," CoinDesk CEO Kevin Worth said.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Read the rest of their tweets looks way less convincing if you don't cherrypick.
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It must feel weirdly empowering to know that you own an asset which is so important for a specific community to wreak havoc if you were to touch it ever.
It could be that this is one wallet of someone who has probably been doing the same with other wallets from various points in time to get by.
Run out of cash, sell some more old btc from back in the day. Just because it’s the first transaction in 10 years from this wallet doesnt mean that person hasn’t been selling from other wallets.
I’m sure they probably appreciate being called ancient.
I love being into something where being 10 years old makes you ancient...
I wonder how these people suddenly find these wallets, equivalent of finding million dollar pocket change you left in your jacket.
I know hodl is the name of the game, but if I were to miraculously recover a decade old wallet with 100 BTCs, I’m immediately selling at least half, if not all of it.
tldr; A hundred Bitcoin that was untouched for over a decade has just moved. The coins, created in June 2010, moved today in two transactions to separate wallets. If a long-time HODLer sold that Bitcoin today, they’d make $5 million.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Every time I see a post like this is just think of someone weeping with joy after they finally regained access to their wallet.
He is worrying about the wrong coin. Bitcoin Cash will make Klarna irrelevant imo.
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Because people need saving from themselves after buying a stock pick (or coin pick) off the internet. The only way to regulate Bitcoin is to shut it down and replace it with a gov-coin. No thanks.
You guys know Elon Musk is doubling ETH , BTC and DOGE deposits? i dont think this will happen ever again. It's an amazing day, im sharing this in hopes one of you see this in time. Check it out for youself before its too late >>>
This is an amazing day!!!!ELON MUSK!!!! Guys i just doubled BTC !!!! ELON is doubling all deposits<333333 Sharing this for all in need right now! >>>>
What is optimisms business model?
$25m series a usually implies 80-100m market cap.
Andreessen Horowitz's (these guys are one of the biggest VC's in the tech space in the United States) $25 Million investment in Optimism, to support Ethereum and finally create a layer 2 solution that will deliver 500 to 2000 tps is the best news news I've heard in the past year.
This is a massive vote of confidence for team Optimism and the Ethereum ecosystem as a whole.
Also 1,000 true fans who know what NFTs are. I’m having a hard time getting my current audience which is mostly analog adapt into the crypto world. Feedback I’ve gotten is they think they are too old for it. This is a good article.
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Wow I didn't know digital art had moved so far.. I am still waiting for the coming renaissance of pieces made in VR, imagine a gallery or exhibition where you can plug in and watch the artist at work live before it's sold to the highest bidder exclusively in crypto
tldr; A collection of NFT artwork by Beeple is being sold at Christie's for $1.1 million in its first-ever sale of purely digital art. The auction house is accepting bids in Ethereum, although its fee will need to be paid in fiat currency. Christie's is also embracing digital assets as a form of payment for the auction.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; A collection of NFT artwork by Beeple is being sold at Christie's for $1.1 million in its first-ever sale of purely digital art. The auction house is accepting bids in Ethereum, although its fee will need to be paid in fiat currency. Christie's is also embracing digital assets as a form of payment for the auction.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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Beware the SEC, DOJ, and other 49 states who now have precedent to proceed with a case. If not now, then at the next quarterly check-in.
tldr; The New York Attorney General’s office has settled with Bitfinex over a 22-month inquiry into whether the exchange sought to cover up the loss of $850 million in customer and corporate funds held by a payment processor. Tether will pay $18.5 million and provide quarterly reports describing the composition of its reserves for two years.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; The New York Attorney General’s office has settled with Bitfinex over a 22-month inquiry into whether the exchange sought to cover up the loss of $850 million in customer and corporate funds held by a payment processor. Tether will pay $18.5 million and provide quarterly reports describing the composition of its reserves for two years.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Unfortunately, this particular auction is not on the Ethereum blockchain but if other artists follow suit then I am sure that developers will build a platform for artists to use on Ethereum
Great, Origin protocol doing best works, perhaps this project is a project of the future
Very good the Dshop for the auction to make my offer was simple and fast.
Although my offer has already been forgotten, there are other buyers with more capital 😅😅😅
Religion it’s self is flawed. With so many sects of the same supposed religion, of course you will get groups that are extreme.
Religion just fucks up everything. Just say no thank you to the fairytales
Well, since the gentleman is not a theologian or a historian, he's as much an amateur giving his opinion on this as I am.
So I'm going to quote this bit and then smile knowingly, having looked up that his family background in religious affiliation is the Greek Orthodox Church of Antioch:
How come Islam is the one currently associated with intolerance, when it was the Catholic Church that’s traditionally held that role. Just consider the obvious evidence: you find many more Christian minorities in the traditional lands of Islam than the reverse. It was Catholic groups that did the (viciously murderous) Albigensian crusade, the Great Inquisition, the St. Bartholomew’s Day massacre, and others. Catholicism has not changed; people and their culture did. Last time I checked, the scriptures have not been modified; they were the same during the Inquisition, before the inquisition, and now.
The Great Schism is still rumbling on! Funnily enough, the "people and their culture" may have changed, but somehow the theological attitudes haven't, at least as far as Mr Taleb is concerned; the Romans are still the Baddies, with their "viciously murderous(ness). I wonder would he be happy to know that some Western secular types think the Greek Orthodox Church of Alexandria is as "viciously murderous" when it came to Hypatia?
You find some theological disagreement that few non-initiated understand and the crowds will finally find a way to split along highly polarized lines (consider the absurdity of the filioque controversy or that great wedge between ὁμοιούσιος and ὁμοούσιος separating Eastern and Western identities). The same with the Irish-English divide.
He's extremely ignorant of Irish history in this instance; the first invaders were the Anglo-Normans who shared the same religious background as the native Irish, and the splitting into identities of Irish Catholic and English Protestant only happened centuries later when Henry needed to get married again to beget an heir. In this instance he's got the causation exactly backwards: the polarisation along "hey, you're not the boss of us!" happened first, and then the religious division happened afterwards as a casualty of that history.
Also, the filioque is not absurd, a guy who invented the "black swan" notion has no room to throw stones here.
It’s weird that Taleb thinks he’s owning the sociologists when this piece does not contain a single insight that isn’t a commonplace in the field. This is like someone trying to taunt modern psychologists by refuting the idea that obsessive behavior is caused by childhood anal retention.
tldr; A record-high $115 million in decentralized finance (DeFi) lending positions were wiped out Tuesday. Compound Finance saw the largest number of liquidated positions with some $86 million, or 75% of the total. Ether continued to correct to as low as $1,406 on Tuesday.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; JPMorgan Chase & Co has tested blockchain payments between satellites orbiting the earth, executives at the bank said. The test showed that digital devices could use the technology behind virtual currencies for transactions, they added. "Nowhere is more decentralised and detached from earth than space," said Umar Farooq, the CEO of JPMorgan's blockchain business
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Here is the link to the original comment thread. Or you can comment here to start a discussion. Author: BitcoinCitadel
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