Crypto Currency Thread

[g4ry13]

Thesprucegoose said:

Anybody been keeping up with news.

''Craig Wright, bitcoin’s self-declared creator, says the much anticipated “bonded courier” has arrived.''

This is to do with court case, so we should know if he created BTC this month. The markets seem to be accepting he is the creator.

Don't be daft. Nobody who has any knowledge of crypto thinks he is the creator!

[Behemoth]

g4ry13 said:

Don't be daft. Nobody who has any knowledge of crypto thinks he is the creator!

Exactly. I've no doubt he'll keep stringing the narrative out with ridiculous Heath Robinson ruses.

[g4ry13]

Does anyone follow Dash? It's been on a ridiculous run lately.

I've always kept an eye on it and the supposed popularity it has in Venezuela but never bothered to pick any up as the crypto market generally moves in the same direction as Bitcoin and I have enough exposure to other coins/tokens.

[Petrolsmasher]

Looks like the alts are starting to have outrageous pumps one by one, i wonder if they will ever hit ATH again.

[jamesabennett96]

Lucifer Morningstar said:

btc futures cme
https://bittrex.com/
ethereum futures cme
https://gemini.com/

I use Bitfinex, the safest...? probably not based on it's past history but has a lot of liquidity and I've not encountered any serious issues thus far.

Worth pointing out while many exchanges suffered connection issues during 'big events' bitfinex remained stable.

Yesterday, during the so called 'crashening' ... NEO coin had a flash crash in bitfinex from $30 to $7!!

I bought many of them, within 30 seconds price corrected back to around $30... pretty pleased

I would say bitmax is not the best as of now, many exchanges have been emerged in the market which offers far more number of altcoins to exchange and have better security and user interface.

[Behemoth]

jamesabennett96 said:

I would say bitmax is not the best as of now, many exchanges have been emerged in the market which offers far more number of altcoins to exchange and have better security and user interface.

I've never heard of bitmax

Regardless, you've got this upside down. I'd say a good rule of thumb is the more altcoins an exchange has, the worse the security. That's because the exchange focuses on machinations of the alts rather than security.

[anonymous-user]

You can pay with bitcoin for various medical services at Tuscon ER & hospital in the US now

First of many? First and last?

https://twitter.com/drseanmurphy/status/1221875167...

[dimots]

What do people think about the Akon Crypto City initiative? It looks like it might actually be happening.

https://www.standard.co.uk/insider/alist/akon-has-...

Powered by 'Akoin'.

https://www.akoin.io/

I haven't seen enough to understand what it's all about but you have to applaud Akon for his commitment to sustainable solutions for Africa. I know there are loads of other smart 'crypto cities' in the works including the Blockchain one in the Nevada desert and The Orbit in Ontario. I am really interested to see whether they can find a scalable way to use Blockchain to manage personal energy production and resource usage.

[Behemoth]

You'd think 2017 had never happened. Ludicrous megalomania which will do about as well as Jonestown. I don't see the point of the token.

Edited by Behemoth on Monday 3rd February 21:37

[Condi]

dimots said:

I haven't seen enough to understand what it's all about but you have to applaud Akon for his commitment to sustainable solutions for Africa.

Yep, and the complete megalomania of naming the currency after himself.

As if 'Africoin' was too much of a leap.

[dimots]

Behemoth said:

You'd think 2017 had never happened. Ludicrous megalomania which will do about as well as Jonestown. I don't see the point of the token.

Edited by Behemoth on Monday 3rd February 21:37

Yeah I couldn't grasp how the token fits into the picture. Could it be something to do with endemic corruption in African fund-raising? A way to tie donations to this specific project? I really have no idea.

Megalomania maybe but I really don't know what his profile is in Senegal, it could be justified. He has managed to generate a lot of interest in his other projects in Africa.

Anyway, I love it. This is what I expected from 2020! It's extremely weird and probably doomed but at least it's optimistic

[Behemoth]

All but a handful of the thousands of tokens created to date exist first and foremost to enrich the founders.

Most cloak this fact in layers of obfuscation and a pretence of altruism.

[anonymous-user]

According to

https://statoshi.info/dashboard/db/transactions?pa...

the bitcoin blockchain now has over 500 million transactions recorded

[anonymous-user]

Behemoth said:

All but a handful of the thousands of tokens created to date exist first and foremost to enrich the founders.

Most cloak this fact in layers of obfuscation and a pretence of altruism.

That is right. In the most generous interpretation, most altcoins might really have just about been classed as pre seed or seed funding. In some cases there may have been a business with about as much chance as any other pre seed / seed stage business (i.e. close to none)

But in many, many cases, the "business" was a scam that jumped onto the altcoin craze and defrauded token buyers of their money.

[anonymous-user]

Another exchange has been hacked

https://twitter.com/altsbit/status/122531934768765...

[Condi]

So is that that, then? All gone. No apology, no nothing.

£5 says the owner of the site has recently bought a large house in some cheap, 3rd world destination.

[dimots]

Never heard of them. What was the hack ‘worth’?

[g4ry13]

Why would anyone with a sizeable holding store their crypto on an exchange?

[dimots]

g4ry13 said:

Why would anyone with a sizeable holding store their crypto on an exchange?

A 'sizeable holding' to some is pocket change to others.

[bloomen]

g4ry13 said:

Why would anyone with a sizeable holding store their crypto on an exchange?

There are traders who leave large positions open to catch movements. You can't do it unless you're present on the order books.

And the more obscure the exchange the crappier the projects they'll host which means there may not be any decent wallets or people can't be arsed to run them as they require full nodes. Some coins trade despite not even having functional blockchains any more, they only exist inside the exchange database.

And of course many other people are stupid and lazy.