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The Bitcoin (BTC) thread
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Post: #7526
RE: The Bitcoin (BTC) thread
Bonuses only, meaning 30-50% of the supply of BHX without even claiming with his own BTC. It's hard to say what the exact % is but it's clearly going to massive.
02-05-2019 09:33 AM
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JayJuanGee Offline
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Post: #7527
RE: The Bitcoin (BTC) thread
(02-05-2019 09:33 AM)[email protected] Wrote:  Bonuses only, meaning 30-50% of the supply of BHX without even claiming with his own BTC. It's hard to say what the exact % is but it's clearly going to massive.

First, my intention to discuss that shit coin was not to pump it so probably would be good to take such pumpenings to another thread, so you can attempt to be topical.

As already stated, Yes, you can profit by such involvement in scams, but discussion of such scams here does not mean that they are topical in terms of trying to get guys to invest in them. They become topical in this thread in part because Heart is freeloading off of the credibility of BTC, and attempting to suggest that he is improving on BTC when he is just providing a pyramid pump and dump ponzi scam... and yes, of course, some people will invest in that.

Second, there are a lot of scams in the cryptospace including questions regarding the scammy disappearance of the Quadrigacx funds - and likely fake death of the owner.. and various implausible stories that the exchange seems to have in order to have had exit scammed. The current article discusses a possible shadow ownership. See this below linked article and various link articles therein:

https://cryptopotato.com/rumors-claim-qu...fraudster/
02-05-2019 12:03 PM
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JayJuanGee Offline
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Post: #7528
RE: The Bitcoin (BTC) thread
Below is a link to a real time long versus shorts chart that claims to updated on a regular basis and to be the most accurate.
Currently, only Bitfinex and Bitmex are listed and overall they appear to be very similar amounts in each direction.

https://blockchainwhispers.com/bitmex-po...alculator/

[Image: ?u=https%3A%2F%2Fi.imgur.com%2FfJLjbD0.p...-Ypmjs6TsA]
02-05-2019 12:58 PM
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Bran_Crypto Offline
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Post: #7529
RE: The Bitcoin (BTC) thread
(02-05-2019 12:58 PM)JayJuanGee Wrote:  Below is a link to a real time long versus shorts chart that claims to updated on a regular basis and to be the most accurate.
Currently, only Bitfinex and Bitmex are listed and overall they appear to be very similar amounts in each direction.

https://blockchainwhispers.com/bitmex-po...alculator/

[Image: ?u=https%3A%2F%2Fi.imgur.com%2FfJLjbD0.p...-Ypmjs6TsA]

Doesn't bitmex only trade futures? Meaning that there has to be a short for each long and vice versa. Bitfinex is leveraged trading and as such can have a higher number of longs or shorts versus the other.

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02-06-2019 11:40 PM
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Post: #7530
RE: The Bitcoin (BTC) thread
I've done a lot of reading and the quadrigacx story runs pretty deep. People have found out the following:

1. Qcx, cex.io, bitfinix all experienced liquidity issues at close to the same time. Same payment processor (Crypto Capital). Blockchain analysis shows their addresses transferring big funds back and forth. They also share the same banking address in Poland with the same shell company. Polish bank froze 400m of bitfinix's money before all 3 began experiencing liquidity issues.

2. There is no cold wallet. Blockchain analysis shows all funds being sent to 1000s of wallet addresses at all the different exchanges. Then sent to Shapeshift or other coin mixers which is currently happening. A lot of funds were also found to be sent to a known Mt gox wallet.

Based on this info I can't recommend anyone using bitfinix or any other lesser known exchanges as they could be potentially tied to the same exit scamming syndicate.

PS: it looks like Gox money being dumped in March. I expect the price take a dive under 3k in April.
02-07-2019 07:42 AM
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SamuelBRoberts Offline
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Post: #7531
RE: The Bitcoin (BTC) thread
Feels like if you think Bitfinex is an exit scam risk, you shouldn't be holding crypto at all.
That'd be on the scale of Mt. Gox.

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02-07-2019 09:46 AM
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Post: #7532
RE: The Bitcoin (BTC) thread
Crypto will take a blow in the short term if Bitfinix goes down but I don't think it will stay down that long. It won't go to zero. Too many vested interests now, too many dogmatic believers. The network and liquidity is too built up. The switched on people will just naked short and become the new whales.

These things are like rare collectable cards like the fabled Magic The Gathering Black Lotus (which recently sold for $87k USD). As long as Bitcoin is deflationary and greed exists it's going to go up.
02-07-2019 02:20 PM
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Bran_Crypto Offline
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Post: #7533
RE: The Bitcoin (BTC) thread
(02-07-2019 07:42 AM)[email protected] Wrote:  I've done a lot of reading and the quadrigacx story runs pretty deep. People have found out the following:

1. Qcx, cex.io, bitfinix all experienced liquidity issues at close to the same time. Same payment processor (Crypto Capital). Blockchain analysis shows their addresses transferring big funds back and forth. They also share the same banking address in Poland with the same shell company. Polish bank froze 400m of bitfinix's money before all 3 began experiencing liquidity issues.

2. There is no cold wallet. Blockchain analysis shows all funds being sent to 1000s of wallet addresses at all the different exchanges. Then sent to Shapeshift or other coin mixers which is currently happening. A lot of funds were also found to be sent to a known Mt gox wallet.

Based on this info I can't recommend anyone using bitfinix or any other lesser known exchanges as they could be potentially tied to the same exit scamming syndicate.

PS: it looks like Gox money being dumped in March. I expect the price take a dive under 3k in April.

That would explain Tether trading below historical prices.
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02-07-2019 06:59 PM
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Gobane Offline
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Post: #7534
RE: The Bitcoin (BTC) thread
Interesting situation with bitcoin.I'm new to cryptocurrency and only know about it from sites like this one https://bitcoinbestbuy.com/quick-guide/ .But as I understand it can not be hard to say about the growth of bitcoin in 2019?
02-08-2019 10:06 AM
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Post: #7535
RE: The Bitcoin (BTC) thread
(02-08-2019 10:06 AM)Gobane Wrote:  Interesting situation with bitcoin.I'm new to cryptocurrency and only know about it from sites like this one https://bitcoinbestbuy.com/quick-guide/ .But as I understand it can not be hard to say about the growth of bitcoin in 2019?

There are a lot of bitcoin resources, besides the one link that you provided. You may want to read through this thread (at least browse certain parts).

Also, a known and credible bitcoiner who is not trying to sell you anything, besides information, Jameson Lopp, has a nice bitcoin resources page that he seems to keep up-to-date.

https://lopp.net/bitcoin.html

You can also come back here and ask questions and bounce around bitcoin related information too.
02-08-2019 12:58 PM
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JayJuanGee Offline
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Post: #7536
RE: The Bitcoin (BTC) thread
In the past week or so, there has been a decent amount of bitcoin community discussion around twitter/square CEO Jack Dorsey's endorsement of bitcoin and some of the measures that he is looking into with regards to adding bitcoin and/or lightning features to both twitter and square.

Below is a linked article from today.

https://bitcoinist.com/jack-dorsey-light...uare-cash/

Some of Dorsey's bitcoin discussion seemed to have sparked from his February 2, 2019 interview with Joe Rogan.. the bitcoin part is mostly at the end of that.





In the last week or so, Dosey had also engaged with a quite a bit of bitcoin maximalist tweeting and also partook in passing the baton on a stress-test lighting transaction, that was fairly highly publicized and showed him as actively interested in lightning network. Dorsey discusses some of his recent lightning network activities on Stephan Livera's podcast, linked below.

https://stephanlivera.com/episode/52

Yes... maybe Dorsey is getting too much Bitcoin love, these days, but he is turning out to be an interesting bitcoin maximalist symbol in recent times.
02-11-2019 02:11 PM
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SamuelBRoberts Offline
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Post: #7537
RE: The Bitcoin (BTC) thread
Here's the official song for this latest fake-out rise to 3600$.

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02-11-2019 08:46 PM
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Sidney Crosby Offline
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Post: #7538
RE: The Bitcoin (BTC) thread
So who's going to claim their BitcoinHEX?
02-12-2019 05:50 PM
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JayJuanGee Offline
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Post: #7539
RE: The Bitcoin (BTC) thread
(02-07-2019 07:42 AM)[email protected] Wrote:  I've done a lot of reading and the quadrigacx story runs pretty deep. People have found out the following:

1. Qcx, cex.io, bitfinix all experienced liquidity issues at close to the same time. Same payment processor (Crypto Capital). Blockchain analysis shows their addresses transferring big funds back and forth. They also share the same banking address in Poland with the same shell company. Polish bank froze 400m of bitfinix's money before all 3 began experiencing liquidity issues.

2. There is no cold wallet. Blockchain analysis shows all funds being sent to 1000s of wallet addresses at all the different exchanges. Then sent to Shapeshift or other coin mixers which is currently happening. A lot of funds were also found to be sent to a known Mt gox wallet.

Based on this info I can't recommend anyone using bitfinix or any other lesser known exchanges as they could be potentially tied to the same exit scamming syndicate.

PS: it looks like Gox money being dumped in March. I expect the price take a dive under 3k in April.


Here's a Quadriga update.

Of course, there is a lot of suspicion in the crypto space about the truthfulness of the Quadriga representation of their CEO supposedly dying with the only set of keys to the vast majority of the exchange's cold storage.

The below-linked article from yesterday asserts that within the past week or so, Quadriga representatives may have "mistakenly" sent 103 bitcoins to a cold storage wallet that they do not have access to.

Additional ridiculousness, or what?

https://www.coindesk.com/quadriga-inadve...-ey-report
02-13-2019 02:53 PM
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SamuelBRoberts Offline
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Post: #7540
RE: The Bitcoin (BTC) thread
I don't understand the conspiracy theories on Quadriga.

Vanishing with a set of bitcoin public keys isn't like vanishing with stacks of unmarked bills. If the guy IS alive, and tried to turn any of that BTC into cash, the whole world will know about it instantly because the BTC blockchain is public.

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02-14-2019 12:12 PM
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Sidney Crosby Offline
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Post: #7541
RE: The Bitcoin (BTC) thread
02-14-2019 02:42 PM
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JayJuanGee Offline
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Post: #7542
RE: The Bitcoin (BTC) thread
There is decent evidence that bitcoin is reaching higher and higher levels of efficiency while transaction quantity continues to increase, too...

The below linked article shows average blocksizes increased to 1.3 mb.

https://www.longhash.com/news/bitcoin-bl...h-of-13-mb

[Image: ?u=https%3A%2F%2Fi.imgur.com%2FStDtImi.p...YUMZmdLAJg]

It seems to me that there was a decent period of about two months straight in late 2017/early 2018 in which spam attacks of the bitcoin network were quite extensive and ongoing during that period.

If there have been any extensive spam attempts in the past year, they have not been successful in the sense that they have been quickly snuffed out without causing any meaningful impact on bitcoin's network.

Let's see in the coming months and years whether either congestion, high fees come about from natural growth or spam attacks or a combination of those. The next bullrun should be a test - presuming that there are decent odds of a bull run coming at sometime in the next year or two.
02-14-2019 03:04 PM
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Giacomo Casanova Offline
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Post: #7543
RE: The Bitcoin (BTC) thread
Yeh the improvement of the protocol is definitely a good news. In the next bull run hopefully lightning network will be rock solid enough to handle the surplus of transactions.
02-14-2019 03:33 PM
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zoom Offline
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Post: #7544
RE: The Bitcoin (BTC) thread
(02-14-2019 03:04 PM)JayJuanGee Wrote:  The below linked article shows average blocksizes increased to 1.3 mb.

But Luke Jr. and other BTC supporters want to the blocksize lowered to 300k.
02-14-2019 08:06 PM
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JayJuanGee Offline
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Post: #7545
RE: The Bitcoin (BTC) thread
(02-14-2019 08:06 PM)zoom Wrote:  
(02-14-2019 03:04 PM)JayJuanGee Wrote:  The below linked article shows average blocksizes increased to 1.3 mb.

But Luke Jr. and other BTC supporters want to the blocksize lowered to 300k.

Yes, I am aware of a lot of that discussion on the reduction of the blocksize in the past couple of weeks.

I believe that it is not a bad talking point to attempt to make blocks more efficient and matters like that, but it is quite unlikely that any kind of 300k-ish blocksize (reduction of the blocksize) future is going to come close to reaching consensus in the bitcoin community.

So, such talking point ends up being like a BIG so what? even if there could be some valuable takeaways by testing the bitcoin network in that direction and the presentation of evidence and logic in order to get support for such position that is NOT likely to come close to reaching consensus.

By the way, LukeJr and some of his folks were suggesting a late 2019 testing period to reduce bitcoin's blocksize during that time (test period). Again, I doubt that it will happen, but such discussion is being argued and presented with some evidence.
02-14-2019 08:52 PM
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Pinocchio Offline
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Post: #7546
RE: The Bitcoin (BTC) thread
(02-14-2019 03:33 PM)Giacomo Casanova Wrote:  Yeh the improvement of the protocol is definitely a good news. In the next bull run hopefully lightning network will be rock solid enough to handle the surplus of transactions.

There's also the liquid side chain.
02-16-2019 03:26 AM
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Matt3B Offline
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Post: #7547
RE: The Bitcoin (BTC) thread
(02-07-2019 07:42 AM)[email protected] Wrote:  PS: it looks like Gox money being dumped in March. I expect the price take a dive under 3k in April.

Where did you see this? I've done a little Google search and can't see anything for it.

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02-16-2019 09:21 AM
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JayJuanGee Offline
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Post: #7548
RE: The Bitcoin (BTC) thread
(02-16-2019 09:21 AM)Matt3B Wrote:  
(02-07-2019 07:42 AM)[email protected] Wrote:  PS: it looks like Gox money being dumped in March. I expect the price take a dive under 3k in April.

Where did you see this? I've done a little Google search and can't see anything for it.

I am not sure, exactly, where burner is getting his information, either.

I recall that back in November or December 2018, there was some discussion that MTGOX coins were scheduled to be distributed by the end of March 2019 - and that would not exactly constitute a "dump" as burner suggests because distribution of coins would be going out to a vast number of people, and would likely suggest the opposite of a dump (a bullish event because they finally got some coins back.. hahahahaha)..

Also, there had been several reports that the trustee Kobayashi, had dumped whatever coins that he was going to dump in 2017 and early 2018, but then from time to time, reports of more coin dumpage happens.. such as this one:
https://www.theblockcrypto.com/tiny/312m...-bitpoint/

There is also a recent report that all restitution is frozen based on some new substantially large claims of Peter Vessenes:

https://news.bitcoin.com/mt-gox-restitut...16b-claim/
02-16-2019 01:30 PM
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JayJuanGee Offline
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Post: #7549
RE: The Bitcoin (BTC) thread
Here's a link to a tweet with some interesting data about miners and mining fees.

https://twitter.com/woonomic/status/1096...88/photo/1

[Image: ?u=https%3A%2F%2Fi.imgur.com%2FrngKQQ9.p...G0bCmJeReQ]

At a quick glance, the most interesting parts for me is that 2010 to 2012 were really small, but growth was present, and then even though up between 2013 and 2015, the fees remained relatively flat during that period with a decent increase in 2016 and a really great increase in 2017 and nearly a halvening in 2018, even though 2018 was up more than 20x from 2016.

That kind of information seems to be bullish as fuck to both show how much the bitcoin network is being used, but also to show how much users are willing to pay in order to use such network. Whoaza...
02-16-2019 02:25 PM
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Post: #7550
RE: The Bitcoin (BTC) thread
(02-14-2019 02:42 PM)Sidney Crosby Wrote:  I'd bet the guy is alive.

https://bitcoinmagazine.com/articles/qua...s-in-cash/

My bet is that it has something to do with the wife. Sounds very suspicious with the will being made only weeks earlier leaving everything to her.

The whole story is pretty intriguing.
02-16-2019 03:29 PM
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