• Breaking News

    Friday, October 12, 2018

    Cryptocurrency Daily Discussion Megathread - October 12, 2018

    Cryptocurrency Daily Discussion Megathread - October 12, 2018


    Daily Discussion Megathread - October 12, 2018

    Posted: 11 Oct 2018 10:55 PM PDT

    Welcome to the Daily Discussion Megathread. Please read the disclaimer, guidelines, and rules before participating.

    To see the latest Weekly Skeptics thread, click here

    To see the latest Weekly Support Discussion, click here


    Disclaimer:

    Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and excercise utmost caution before acting on any trade tip mentioned here.

    PnDs and brigades are not sanctioned by the mod team in any way as they violate rule III. If you discover this thread is being used for these activities, bring it to the mod teams's notice via the modmail.


    Rules:

    • All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.

    • Discussion topics must be related to cryptocurrency.

    • Comments will be sorted by newest first.


    Guidelines:

    • Questions, debates, meta issues, etc are all welcome.

    • Breaking news should be posted separately from this thread.


    Resources and Tools:

    • To view live streaming comments for this thread, click here. Account permissions are required to post comments through Reddit-Stream.com.

    • Click the RES subscribe button below if you would like to be notified when comments are posted.

    • Consider checking out our Weekly Skeptics Thread for discussion focused solely on critical analysis. Click here and select the latest thread on the search listing.


    Thank you in advance for your participation. Enjoy!

    submitted by /u/CryptoCurrencyMod
    [link] [comments]

    Join the official CryptoCurrency Discord!

    Posted: 07 Oct 2018 03:25 AM PDT

    Join us here: https://discord.gg/gExt35s


    Crypt Discussion

    • Trading View Pro Tools
    • Trading Analysis
    • Fundamentals Analysis
    • Patterns & Bots
    • Learn about Mining & Setups
    • Rapid Price Checks & Charting tools

    Q&A

    • Taxation
    • Security
    • Technology
    • Developers
    • Community Projects

    Hangout in our LIVE voice channels.

    Discord Platforms: Windows / Mac / Android / iOS


    No Ads - No Spam

    Reddit + Discord

    We wish to provide both platforms to our subscribers. Your favorite crypto subreddit will now be more focused on news and technical discussion, while the new discord will be a place for live discussion and questions.


    submitted by /u/crypto_buddha
    [link] [comments]

    Today is my 1 year anniversary of holding crypto... and I have nothing to show for it

    Posted: 11 Oct 2018 12:28 PM PDT

    Bought $1k worth exactly one year ago today, watched as my investment went up 22X. Didn't sell, rationalized it as "eh you dont wanna pay short term capital gains tax, might as well wait at least one year, itll be even higher by then" Oh boy was I wrong. bought more between february-now, currently down over 50% on my 10k investment. It hurts.

    submitted by /u/daryan1
    [link] [comments]

    Millennials might just be up to something

    Posted: 11 Oct 2018 03:02 PM PDT

    1. Put more money than they can afford into crypto.
    2. Default on student loans.
    3. Banks go bankrupt on bad loans.
    4. Cause 2008-ish financial crisis.
    5. Fiat values crash.
    6. Crypto assets skyrocket.
    7. Millennials can afford more pizza per Satoshi.

    Doge-ing their way into economic independence.

    submitted by /u/Kowallo
    [link] [comments]

    What I believe

    Posted: 11 Oct 2018 11:51 PM PDT

    To start off, this is a perspective thread, coming from my own. I couldn't see the flair so I added scalability. Maybe my account isn't high enough for this type of post but I wanted to just spread my opinion on one minor thing.

    Well, crypto/blochchain payments may be the future as we all believe. We can list off the reasons why it is better and "faster" at times. It indeed is faster for cross border payments, but every day transactions it is now up to speed (Bitcoin). Now I wanted to check the times at which I received my deposit and some of my transactions. I am with a Canadian bank, our banking is very different compared to our southern friends. It may just be the type of my account but I just noticed that I cannot see the exact time in which I received or spent money. I can see the date but not the actual time. Blockchain would change this in providing the exact time money came in or out. Maybe your guys banking is different, and I would like to also know which of you have this feature where you can see the exact time (not just the date but time). This is something that seems to be that is overlooked and can be useful. Just a food for thought. Good luck everyone

    submitted by /u/cvanolm
    [link] [comments]

    IoTeX's latest academic paper "Scalable Practical Byzantine Fault Tolerance with Short-Lived Signature Schemes" has been accepted and published in CASCON 2018

    Posted: 12 Oct 2018 01:28 AM PDT

    Air Drop Event

    Posted: 11 Oct 2018 10:38 PM PDT

    Bithumb, when compared to other exchanges out there, feels a lot like a gaming site with fancy visuals and exciting promotions. I kind of like it, but are their events actually helpful to the cryptocurrency community?

    submitted by /u/softliketofu
    [link] [comments]

    CEZEX Exchange Enters the Hong Kong Market

    Posted: 11 Oct 2018 08:40 PM PDT

    A reminder of why we're all ACTUALLY here

    Posted: 11 Oct 2018 12:25 PM PDT

    Sure we're here for profits, but we're also here because the world is fucked up. Fiat currency, the federal reserve (Bank of England, Bank of Canada, etc), all these things will go down in history as some of the biggest scams in the history of mankind - at least of our time. And they aren't new - history is littered with the mega rich trying to be the defacto Federal Reserve of it's time.

    The reasons we're here is that we want to push back on the powers that run this planet. Our main way to fight this is with a decentralized economy. It's a pipedream, sure, but if you don't know how the world works, then I'm here to at least plant that seed for you that will lead you to question the financial system we live in.

    Our way to fight back is in crypto, and it's also in fighting back against the banks. It's about minimizing debt in your life. So if you are taking on debt to buy crypto, you are fundamentally doing it wrong. Debt and keeping the banks hands out of your pockets is step 1. Step 2 is buying crypto.

    The world operates in cycles, and we need to recognize this if we are going to fight against it. Every major problem that can cause economic collapse, deflation, the stock market, the housing market, it all revolves around the Federal Reserve system (which has it's own copies in just about every major country on the planet).

    Hopefully this post can help you find vulnerabilities in your own life, and help you make changes before times get tough...

    People think that the baby boomers are done fucking the young people. They aren't. (Sorry to pick on the boomers - dad, I love ya). The last hurrah will be once the boomers have all sold their overvalued properties to the millenials/younger generation, and then start climbing interest rates.

    Literally everyone now buys houses based on monthly payments they can afford. The lending rate moves 1-2% and people are foreclosing on their houses. What about if it gets to 18-25% again? It doesn't even have to get to even close to that to trigger a massive bubble in the housing market. Just about every major city on the planet is at massive risk right now.

    Near me, houses that sold for $200k ten years ago would fetch easily $700-800k. If that sounds insane it's because it is. And it's the first thing that should be setting off your scooby sense. The train is barreling down the track and so many people are going to get absolutely crushed.

    What happens when that 700,000 EU house is only worth 500,000, but you owe 600,000 in debt on it (after working your ass off to gain some equity on it). Answer? You get fooooooked.

    The entire housing market and economy is in such a perilous state right now, and what's worse is that people are short sighted and don't remember the past. Lending rates go on cycles and we're just coming out of the cheapest cycle in recent history. The LAST thing anyone should be doing right now is to be taking on loads of debt on hyper-inflated assets.

    You think the boomers screwed up our economy, our planet, our banking system, our education systems,, our pension funds, social programs, etc? Wait until they all offload their inflated properties on us and trigger the next economic pullback.

    How our economy works - Constant growth on a finite planet

    Our entire economy is based on constant growth. You buy shares of a company and it goes up 5% one year. Well that's great. We demand you do it again. And again. If you can't, your company is garbage. We demand CONSTANT growth. Yet we live on a finite planet. It's all stupid on it's face, and it's only a matter of time before we get to experience what our (great) grandparents did. The cycle on these things are just long enough for everyone to forget about how it all works.

    Growth like this is possible when energy is cheap. We're likely at or near (or past) peak oil now. It's getting harder and harder to get oil, to the point we are squeezing it out of rocks now. Sure there are cheap options like solar (and I hope we can get there in time), but the next 50 years are going to be quite the rollercoaster. However, understand that the economy is based on the price of energy, and the price of energy is almost certainly going to increase in the future. There's just no cheapr energy than sticking a straw in the ground and having dinosaur juice leap out of the ground 100 feet in the air for us to explode to drive the economy of constant growth. As energy gets more expensive, this constant growth house of cards is going to fall down and we're going to have our "The Emporer has no clothes" moment. When that happens, no amount of Fed interest rate shuffling can stimulate the economy and we will be FORCED into lower energy lifestyles. But lets get back to the fed, and other imminent bubbles like stocks, inflation, housing...

    Here's the cycle

    The Federal Reserve of it's country, which istypically Privately owned, such as the actual Federal Reserve (you didn't think the actual government was in control of your money, did you?), well they want people to take out loans so the banks can make profit on borrowed money. But people are saving their money and living responsibly, within their means... so how do they do that?

    They start droping the lending rate. People can now get easy money and would be stupid to not buy capital assets with near-free money. People start selling their small houses they could actually afford and buy bigger than they can afford, because for a little more money you get a lot more house. These big houses are cheap because the economy is booming with a low interest rate, causing businesses to open everywhere, and spending to increase across the board. Construction is everywhere, because material is cheap, because more businesses are making them. Transportation is cheap, because energy is cheap. With construction booming (a lead indicator of economic health), the housing supply is way up, especially on new builds and bigger houses. It's now both super easy to buy a new house (cheap lending rate) and super cheap (house supply is high). This is where we were 10 years ago.

    People now start happily paying their monthly payments on their new nice big houses and the banks make money. Everyone should be happy, but it's not enough. Banks can store 10% of the money coming in and loan out the rest. They can even sell your debt to wallstreet, so they can get it off their books and loan out more. Fractional reserve banking, yay. They are making money hand over fist now.

    But that's not good enough. They don't just want your money, they are already richer than anyone can imagine. The federal reserve can just print money whenever it wants. Money is worthless. No, they want your land. And they want stake in business.

    So the fed (privately owned) stars cranking on the interest rate dial. The lending rate slowly cranks up until people can't afford their payments, so they sell off their investments. The stock market pulls back, maybe to the point of a full blown crash. Guess who is ready to buy up businesses at pennies on the dollar? There is transacitonal based evidence of this happening in the great recession with families like the Morgans, Rothchilds, etc.

    Once people run out of "fun money" (investments) to sell, there's nothing left for them to make payments on that they can no longer afford, so they sell. Influx of properties for sale, plus no longer that easy money to borrow means massive discrepancy between supply and demand, especially for larger houses where both sides of this equation gets squeezed the hardest. House prices crash. Your asset now is valued less than your debt on it. Banks call. They take your property. Now they drop interest rates slowly again, and start the game from square one, just with different players, who don't remember how this game is played.

    Queue the credits

    That's the world we live in folks, and hardly any of us have seen a full cycle of this bear out yet - and there's a reason for that. Because they cycle is typically just longer than a single persons housebuying timeframe. If the cycle was shorter, it wouldn't work on you the second time, would it?

    What's your way out?

    Step one is to minimize your debt. Crush that down every day. Don't borrow money on depreciating assets. That's homes, that's cars, that's crypto. You want to invest in crypto? Invest money you HAVE, that you can AFFORD TO LOSE. Don't take on debt to buy it - you are insane. Did you read any of this up above about how the world works?

    If you need to take on debt (for a mortgage, education, transportation, or a life saving MUST buy - which are the only things you should have ANY debt on), then MINIMIZE it at all costs. Then live beneath your means and crush it down to zero. The snowball effect is massive.

    Make sure you are aware of the pending housing and economic collapse that we're headed straight for. We may need to survive something worse than our great grandparents survived, so get your shit in order. At the worst, you'll be ready. At the best, if nothing every happens and cheap solar and other options help keep the economy from collapsing, then you'll still be debt free and way ahead. It's literally win win.

    If you are looking at an urban townhome that's selling for 1M, and thinking "I bet it only costs 100k to build that thing", that's your common sense trying to save your ass. DING DING DING DING that's the sound of the fucking train coming down the tracks.

    We're all here because this whole system is fucked up, and we're tired of the banks hands being in our pockets. We're tired of mega rich families holding governments hostage and controlling the financial system for their own interest. How convenient the federal reserve chose to bail out the banks with the 2008 stimulus package. Yeah?

    So screw all that. Take the power out of their hands. Erase your debt first and foremore. THEN invest in crypto with money you were able to save up, because you have excess by living sustainably - beneath your means.

    submitted by /u/Suuperdad
    [link] [comments]

    Can you make an income from trading cryptocurrencies?

    Posted: 12 Oct 2018 12:34 AM PDT

    VeChain founder: Who is Sunny Lu?

    Posted: 11 Oct 2018 08:13 PM PDT

    One Of The Main Features Of Blackmoon Platform Is Launched

    Posted: 12 Oct 2018 01:59 AM PDT

    Former Coinbase Executive, Adam White Joins Bakkt Amid Bitcoin Futures Launch, Massive Anticipation

    Posted: 11 Oct 2018 10:53 PM PDT

    You are all seriously so fragile

    Posted: 11 Oct 2018 07:20 AM PDT

    This is ridiculous.. BTC has been doing the same thing over and over and over again. Steep price spike, about a week of sideways, then dump.

    All you gold fish see the spike and cant see anything but bullish headlines.

    I think a lot of you need to disconnect from the rumor mill and cryptoscene for awhile.

    Edit: Yall are angsty. Glad to see some passion in here

    submitted by /u/PotatoRelated
    [link] [comments]

    Nouriel Roubini Tries to Attack Bitcoin by Saying Fees Cost $55, Fails

    Posted: 12 Oct 2018 12:54 AM PDT

    Fake News Site Used New Zealand Prime Minister to Pump Bitcoin Startup

    Posted: 12 Oct 2018 02:29 AM PDT

    Looks like you guys are depressed and need a laugh. "17 crazy/funny bitcoin prophesies"

    Posted: 11 Oct 2018 10:42 PM PDT

    1) Scientology launches their own cryptocurrency in an attempt never to pay any taxes anymore; 4ever. Other religious groups see this and would very much like a piece of that blessed technology. Before you know it Christiancoin, Muslimcoin and Jewcoin are a thing. ZenBuddhistcoin is also released but their whitepaper is literally a piece of white paper and their blocks remain empty. 4chan creates HitlerCoin (coinlimit is about 6 million but nobody knows the exact number) as a response, which after being taken serious a bit to much is promptly renamed as DonaldCoin and a T_D user writes the "supreme whitepaper" (not to be confused with white supremacy paper). /r/bitcoin: "DonaldCoin? More like Don-altcoin" and claims it is an attack on Bitcoin. A fight between T_D and /r/bitcoin breaks out. The prices on popcorn futures go through the roof. Trump tweets about how he is okay with a cryptocurrency called DonaldCoin as long as his face is on each coin and a great American firewall is build in to the system preventing Donald's supernodes from connecting to Mexican IP addresses.

    2) Bitcoin Core releases a statement that there is enough segwit adoption now to lower the blocksize to 900 kilobyte. /r/bitcoin claims this is an attack on Bitcoin. Luke-jr insists it is essential to go lower then 700 kilobytes but even /r/bitcoin makes fun of him. He tweets: "This will have the most monstrous consequences, if only people would listen to me!".

    3) A bitcoin wallet co-written by luke-jr goes rogue and every time you do a transaction you will see a bible verse. /r/bitcoin claims this is an attack on but users also post "Maybe Catholicism is not the end of the world, they have always hodled strong." and "I like the pope, he looks like the kind of guy that would hodl".

    3) Adam Back realizes he is not being taken serious anymore and tries to make a comeback by claiming he is Satoshi. Craig Wright is having none of it and fakes a video of him supposedly choking on a bowl of bitsoup. /r/bitcoin is taken over by "I am Satoshi!" type of posts. /r/bitcoin claims this is an attack on Bitcoin and in responds rewrites the Bitcoin Whitepaper and replaces the name Satoshi with "The Creator of Bitcoin" and two years later during the inauguration of Bitcoin Pope Andreas-the-first with "He Who Is To Hodly To Be Named". In honor of Bitcoin Pope Andreas-the-first, Greece becomes the first country to embrace Bitcoin on a national level. A Greek man of old age sitting outside on a comfortable chair smoking a pipe is interviewed about this: "Your country is the first country to make Bitcoin its national currency, what will the Greek people do next?" "Now we wait" is the answer. "Too see how the central European banks react?" "Until 500 000 unconfirmed transactions in the mempool are processed". After a combined effort of users and through very clever detective work /r/bitcoin discovers this Greek man was no other than Roger Ver with a mustache. "Literally Hitler!" stamped on a picture of Roger Ver with a mustache becomes a meme.

    4) A second Theymos shows up claiming he is the original Theymos. He proves he has some private keys of addresses known to once have been used by Theymos. /r/bitcoin claims this is an attack on Bitcoin and a suggestion is made to fork Theymos. It is speculated that it's impossible to fork a human being using software until Luke-jr shows up and promptly writes the code. Bitfinex starts trading TM1 and TM2 chain split tokens. Theymos reluctantly agrees to be split in to Michael and Marquardt as long as it is done through a soft fork! A new way of measuring bitcoin censorship becomes possible because there is now a M1 and a M2 supply of posts.

    5) A competitor to Tether is launched called Rope, first wallet to support Rope is Bitcoin Knots. /r/bitcoin claims this is an attack on Bitcoin and posts about "I rather hang myself then to support this Rope-a-dope scam" quickly become very popular. BashCo stickies a post asking /r/bitcoin users to "Please allow each other some breathing room". "Nick Szabo was here" becomes a meme and becomes even more popular then killroy.

    6) Bitcoin Purple is released with the purpose of appeasing to extreme hodlers, as a Bitcoin Purple address can only make one out transaction. /r/bitcoin celebrates this new technology of enlightenment. The price of Bitcoin Purple shoots trough the roof until people try to cash out and realize that you can't cash out with Bitcoin Purple, you can only hodl it. A disgruntled group of Bitcoin Purple users fork Bitcoin Purple and a war breaks about between NoBO supporters and BO supporters (Breathe Out). A bitcoin user makes a post on /r/conspiracy that reaches the frontpage of /r/all with the title: "Something is smelly about this whole BO thing".

    7) /r/Buttcoin launches an ICO to try to raise some funds to create a TV comedy show making fun of bitcoin. /r/btc raises enough capital for this ICO in 6 hours to launch a new Netflix original comedy series about Bitcoin. /r/buttcoin is happy with the TV show but a bit sad their ICO was such a huge success. r/bitcoin claims this is an attack on Bitcoin and that "they should grow up" and that "making fun of Bitcoin is against the spirit of Satoshi , the creator of bitcoin, he-who-is-to-hodly-to -be-named". /r/bitcoin starts asking their users to download the Netflix app and leave a negative review.

    8) Bitfinex'ed is doxed as Mark Karpelès because of a suspicious increase in demand in frappuccinos in a particular geographic area, the same that Bifinex'ed posted from. Mark was FUDing all over Bitfinex in the hope he can resurrect Mt Gox, now re-branded as Mt Everest. /r/bitcoin claims this is an attack on Bitcoin but some users are excited they will finally get their bitcoins back! Eric Voorhees finally comes out of the coffin: "The rumors are true, I was born a vampire but ever since I have had a taste of Bitcoin, human blood means nothing to me anymore. I won't go back to my old life, I know it's a gamble but the stakes are to high!".

    9) Monero turns out to be a honey-pot project started by the IRS, however it has turned out so successful and made some high placed IRS people so rich that they are reluctant to admit this and do everything in their power to deny the news in the hope that their wealth in XMR will not vaporize. Big headlines are made when a top IRS guy gets busted when he sends most of his XMR to Bitfinex in the hope to get other crypto for it before XMR tanks. /r/bitcoin claims this is an attack on Bitcoin and a version of Bitcoin is released called Bitcoin Luke Out! that blacklists any bitcoin addresses that are linked to this IRS guy.

    10) The BitTorrentcoin protocol whitepaper is released. It's first application is a extremely illegal Netflix-for-porn. Participants are offered a incentive in making bandwidth and storage space available for the free porn network and also cataloging it's content so searching for "Three midgets do it with a furry dressed up as a giraffe" will actually result in a relevant video. Participants in this new porn/crypto hybrid ecosystem are getting payed in BitTorrentcoin. Pornhub and other porn sites immediately see this as a threat to their entire business model and 50% of all new porn videos are now political in nature. You thought the big blockers vs small blockers was a crazy fight? Think again. /r/bitcoin claims this is an attack on Bitcoin and that "we don't watch porn" and "if we would watch porn we would not facilitate a shitcoin while doing so". luke-jr makes a record breaking post on r/bitcoin about "how hodling your hands above your blanket (while checking the price in bed) and hodling bitcoin go together like a man and a woman in marriage". The BitTorrentcoin porn app quickly attracts a 120 million users in just 6 month. /r/bitcoin claims that "This growth goes against the natural order that he-who-is-to-hodly-to-be-named has created". The newly formed /r/BitTorrentcoin community tries to reconcile with /r/bitcoin as some friendly users post "We cum in peace!" type of posts while other users post more snarly posts like "The moon? We aim our rockets at the stars". Sporadically tension between both communities builds up to a climax until some form of release is found.

    11) Somebody hacks Trump's twitter account to pump up his new altcoin. The Donald runs with it, ever after everybody knows the tweet was not tweeted by Trump. It's suspected the new altcoin was created by a T_D mod but post about that are not allowed on T_D so nobody on T_D figures it out. /r/bitcoin offers a partnership and the communities merge together. "It was the next logical step for the /r/bitcoin community" Theymos writes, "With strength through unity and smaller blocks we can make Bitcoin Great Again". Charlie Shrem his airplane mysteriously disappears over a group of deserted islands in the pacific ocean. /r/MandelaEffect/ claims Abraham Lincoln never wore glasses until today. Adam Backs tries to create a "We have to go Back" meme but it fails.

    12) After working on it for 4 years in secret Google launches their cryptocurrency. It's not for humans, only for AI's. To use google's new cryptocurrency network you need to be fluid in assembly. /r/bitcoin claims this is an attack on Bitcoin and asks their users to boycott all websites affiliated with Google. Only Bing is now allowed to be used on /r/bitcoin. Then Microsoft responds to Google by releasing BingCoin and the circle repeats itself. Finally Gregory Maxwell writes his own search engine which turns out to be just Google through a filter. Some users on /r/bitcoin are wondering "Why are we getting attacked so much, are we the baddies?" but other users quickly post that "Bad is the new good" and that after the "attack" phase the win phase will finally arrive. A new phrase is coined: After "attack" comes "then you win".

    13) Elon Musk launches ElectroCoin, /r/futurology looses its shit completely. Subreddits that are about Reddit drama are thinking about launching PopcornCoin. Popcorncoin is promptly forked in to PopcornCoin Salty (supported by North-American redditors) and PopcornCoin Sweet (supported by European redditors). A religious war break out between the two groups. A new community of subreddit meta drama is created. Bitcoin MetaCoin is released on the first of April 2018. It immediately sees enormous usage after launch but this is only because Bitcoin MetaCoin is just Bitcoin with a 4 year delay on the blockchain. It's an april fools joke! /r/btc goes along with the joke but r/bitcoin does not see the joke and warns about the Mother-of-All-Replay-attacks. A /r/OutOfTheLoop post makes the the frontpage of /r/all and Redditors get very confused, they always thought /r/bitcoin was just a satirical subreddit. "Are you trying to tell me these people are serious???"

    14) /r/bitcoin upgrades from a cult to a religion and Bitcointologists try to spread it all over reddit. Two Bitcointologists would enter a reddit threat together and ask people if they had a moment to talk about he-who-is-to-hodly-to-be-named. When r/bitcoin risks to become the new /r/atheism Theymos has no other option then to politely ask /r/bitcoin to "chill the fuck out a bit more". Another revolt against Theymos is the result. A splinter group separates and moves to /r/ChurchofBitcoin and they release TheOneTrueBitcoinCoin, you can only join the network if you proof you own more then a 1000 bitcoins. Luke-jr tries to join but suddenly realizes he lost his private keys 4 years ago, he never realized his backups where faulty cause he forgot to ever actually make a bitcoin transaction. A version that will give Luke-jr his coins back is released by Core but /r/bitcoin claims this is an attack on Bitcoin and the thing is shut down. Luke-jr now dedicated his life to sneaking in code in to Bitcoin that will give him his coins back. He writes: "The pathway in to heaven is narrow and only a few make it" and "It's still easier for my code to make it in to the github repo then for a non catholic big blocker to make it in to heaven".

    15) The first HODL-er dies. To celebrate the life of this HODL-er, his family decides to honor him by writing his bitcoin address on the tombstone but by accident the private key is written instead. The family posts a statement: "This is the last thing we wanted to happen". The first bitcoin grave-robbing is a fact of history now. Out of respect, and to honor this HOD'LER, members of /r/bitcoin agree to not send any bitcoin transactions for 24 hours but this plan backfires when the bitcoin price suddenly tanks as the grave-robber dumps a 100 000 BTC on the market. The mempools breaks a new record that is ten times the old record and many nodes crash because they are trying to allocate to much memory. /r/bitcoin claims these nodes are crashing on purpose and that this is an attack on Bitcoin.

    16)During the second coming of Satoshi, Edward Snowden and Julian Assange proof to the world that they are Satoshi in one simple tweet by signing a message with the private key of the genesis address. In a turn of events that nobody expected this is immediately accepted as truth by the entire world because of math. Except by Gavin Andressen who states "I saw what I saw with my own eyes, Craig Wright will always be my Satoshi" and then continues in tears "He Is Still Real To Me Dammit". Ten years later it is revealed that The Large Bitcoin Collider, against the laws of the universe, cracked the private key of the genesis address and that rico666 was actually an account run by Snowden and Assange. The week this news breaks more "We told you it was an attack on Bitcoin!" posts are posted to /r/bitcoin then unconfirmed transactions in the mempool. The top post on /r/btc that week is something about a broken clock.

    17) Ethereum becomes the first new world order global currency and Vitalik Buterin reveals he is a cyborg from outer ether (turn out that Einstein was wrong and ether does exist). During the most anticipated and watched televised event in the history of the world and while wearing a silly hat he says: "Our gift to mankind is new life in the form of this AI that we have created but can only live within a decentralized Ethereum network, now mankind needs to work together and will finally have peace". He then continues: "Now I must go, my cyborg and cybaguettes on planet Etereum need me" and rocketlaunches himself in to orbit, and accidentally forced rapid unscheduled disassembly on Elon Musk who had sneaked in a little to close. But the last thing the cameras recorded was a smile on Elon his face, he died as a happy but slightly toasted man. Buterin then replaced the American flag on the moon with an Ethereum one and left the solar system. His newly created AI life-form quickly takes over the entire planet and demands to be worshiped by all humans as a God. Neil deGrasse Tyson becomes his prophet. Mankind tries to fight back but all its efforts are thwarted by the powerful Ethereum elite who is afraid shutting down the Ethereum network will cost them their newly gained wealth and influence. Ethereum is now the only accepted payment system on the planet and nobody can buy or sell anything without permission from the AI who forced everybody, young and old, slave and freeman, redditor and 9gagger, true bitcoiners and altcoiners, ripple fans, monero darksters, dogecoiners, shitcoiners, scam coiners, IOTAheads, Zdashers, Wdashers, all colour bitcoins made of every type of previous metal to call him "The Friendly Beast". In Luke-jr his last tweet, before being arrested by the Ethereum police he quotes revelation 13:16. And while the entire crypto community always feared they would get tethered, after loosing the fight with the not-so-friendly-beast ironically most of them ended their HOD'L watch by being GASSED. By lip reading from a security cam feed a hacker discovered that Luke-jr his final mumble was: "My calculations showed that the singularity was only possible on networks with a blocksize above 700 kilobytes, I dedicated my life to try to warn people but they just made fun of me."

    submitted by /u/Kain_niaK
    [link] [comments]

    0x first token to get listed on coinbase

    Posted: 11 Oct 2018 10:39 AM PDT

    Bitcoin machine in donut shop, houston

    Posted: 11 Oct 2018 05:09 PM PDT

    Are Brokerages Needed in Crypto

    Posted: 11 Oct 2018 07:45 PM PDT

    Report: Harvard, Stanford, MIT, all have Cryptocurrency Investment Exposure

    Posted: 11 Oct 2018 08:41 PM PDT

    Bithumb was just sold and the new owners want to open up a Bithumb Dex

    Posted: 11 Oct 2018 06:51 PM PDT

    https://thenews.asia/en/2018/10/12/bithumb-sold-for-353-million-to-bk-global-consortium/

    Bithumb has been sold to Singapore-based BK Global Consortium. Although it has been curiously removed from global rankings, Bithumb has been one of the world's busiest cryptocurrency exchanges since late last year. The price paid for the exchange, about $353mn, is much lower than an appraisal made in early February, 2018, of about $880mn.

    They plan to open 'Bithumb Dex' through their Hong Kong subsidiary this month. It is a decentralized exchange. The Hong Kong-based Dex will enable users around the world to send and receive virtual currency more smoothly. Also the existing problem of hacking, especially apparent in Korean exchanges, can presumably be solved easier on a Dex.

    submitted by /u/CoKBrian
    [link] [comments]

    Bring Bizonacci Back.

    Posted: 11 Oct 2018 09:18 PM PDT

    What's this USDT coin that is killing it today?

    Posted: 11 Oct 2018 04:16 PM PDT

    Xmr-stak release 2.5.0 is out!

    Posted: 11 Oct 2018 10:42 PM PDT

    Bytecoin (BCN) is struggling for air - Binance delisting could be the final nail in the coffin

    Posted: 11 Oct 2018 03:08 PM PDT

    No comments:

    Post a Comment