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[uncensored-r/Bitcoin] Bitcoin trading starts on the huge CME exchange http://www.bbc.co.uk/news/business-42386893
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Why I believe we're on the cusp of the 3rd great Bitcoin bubble
We've recovered from the last crash You might think it's a bit early (based on the time frame for the last recovery), but things are looking a lot different than in 2011. I would suggest its because the last bubble popped prematurely due to Mt. Gox's failure of a trading engine. Interest in buying Bitcoins has gone up to its highest point since the last bubble. There's a similar spike in general interest. Partly helped along by the Silk Road news. The network is being used at the same rate as during the last bubble. The Bitcoin ATM story (see below) is causing Bitcoin to trend in Canada on Google (was #1 for a bit). The $27 story (see below) will almost certainly cause a large spike worldwide in Google trends once they're updated up to yesterday. Lots and lots of new businesses now accept Bitcoins One legitimate criticism of Bitcoin last year was the lack of places to spend them. We basically just had Alpaca Socks, Reddit and Wordpress, we've grown a lot since then!
The $27 story is going massively viral I think the attention this story is getting took a lot of us by surprise. We're thinking "of course if you bought Bitcoins in 2009 you're rich" and it didn't make much of a splash. But to the rest of the world it's a very novel and interesting story.
Institutional money is coming Afraid with the price at $200 that it will be hard to find enough moms and pops to keep money coming in faster than miners are selling? Don't be, there are individuals out there with a net worth higher than the entire Bitcoin ecosystem.
Governments are explicitly saying it's not illegal More and more governments are either saying Bitcoins are legitimate currency, or releasing guidelines for exchanges to comply with anti-money-laundering laws.
New generation of exchanges Mt. Gox's terrible trading engine was a huge factor in the last crash. They couldn't keep up with all the new interest. This time around there are more exchanges in more countries, and not a single point of liquidity.
New Concept: Information (Market of Ideas) represents a new sort of economy, in which money is not the medium of exchange; the new medium is data. Data as the new currency; Government’s role in facilitating the exchange 2013 15pg.pdf Example Cryptocurrency Bitcoin, the Regression Theorem, and the Emergence of a New Medium of Exchange | mises Example Personal Information Within the Supply-Demand paradigm, the general public is a major supply sector, and businesses participating in the economic markets are the demand sector. Internet Tech businesses are the middlemen, distributing public data to businesses who want to target specific parts of the public with advertisements. This type of direct marketing is more efficient than post mail, and especially better than the old broadcast marketing, characteristic of newspapers, signs, radio and TV. Example Attention Various parameters have effects on advertising success, one is called "traffic". The concept is that some non-zero fraction of persons who are exposed to a sales pitch (attention market), will become customers at least once. Consider only this one parameter, the greater the traffic, the greater the revenues, but also, the greater the value (cost) of the sales pitch. Another important parameter of advertising success has to do with parsing traffic into real and virtual demand. Real demand is the quantity of prospects (potential customers) who are willing AND able to purchase. Virtual demand is the quantity of prospects who are NOT willing or able to make a purchase (but willing to consider the ad anyway). If an advertiser is able to target (send ads to) only the real prospects, he can reduce his costs (optimize traffic). The Internet is much better at that than traditional broadcast methods, and also provides an immediate means to close a deal. Again, data is both the product and the medium. Big Tech Market Dominators are effectively Globalist governments who rule over attention markets in the data "economy". Independent sources of deviant information (stuff the powers that be want you to never learn) face intense repression, in violation of Constitution (Amendment 1). This population of Infowar Insurgents are in effect, revolutionaries rebelling against the Mass Media Gross Dominance Program (MMGDP). Resistance to the MMGDP is rising around the world... which do you suppose will fall first, established powers, or the Resistance? (Answer my friend, is blowin' in the data.) (see Collection Index for link to other posts in this series)
Hundreds protest in Japan after father was cleared of raping his underage daughter when court ruled she could have resisted if she wanted to Comments | Link 'Deja Vu' of Iraq War Lies as Mike Pompeo Blames Iran for Tanker Attack Without Single Shred of Evidence: "Secretary Pompeo gives zero proof but insists that Iran is responsible for ship attacks in Gulf of Oman. Lies, lies, and more lies to make a case for war." Comments | Link Trump administration blames Iran for oil tanker attacks in Middle East Comments | Link
Tennessee sheriff’s deputy, pastor calls for LGBTQ executions in sermon Comments | Link Boy, 16, fatally shot while trying to sell Xbox: 'They killed my son over nothing,' mom cries Comments | Link White House press secretary to resign Comments | Link
People who spend at least 2 hours in nature a week are significantly more likely to report good health and higher psychological wellbeing, according to a new large-scale study (n = 19,806), which found that it didn’t matter whether this was achieved in a single visit or over several shorter visits. Comments | Link Food's texture affects whether it is eaten, liked or rejected, according to new research, which says some people are better at detecting even minor differences in consistency because their tongues can perceive particle sizes. Comments | Link Bitcoin causing CO2 emissions comparable to Hamburg. The use of Bitcoin causes around 22 megatons in CO2 emissions annually -- comparable to the total emissions of cities such as Hamburg or Las Vegas Comments | Link
AT&T, Sprint, Verizon, T-Mobile Hit With FCC Complaint Over Sale of Phone Location Data - The Open Technology Institute, Free Press, and the Georgetown Law Center on Privacy & Technology filed the complaint Friday after multiple Motherboard and New York Times investigations. Comments | Link LaLiga’s app listened in on fans to catch bars illegally streaming soccer Comments | Link Google Stadia Is About To Show Everyone Why Broadband Usage Caps Are Bullshit Comments | Link
Jobs Available for 'Ninjas' Up 2,505% Since 2006 Comments | Link California court: Prison pot is OK, as long as inmates don’t inhale Comments | Link Hornbag Kookaburras Knock Out Power In WA After Fucking To Death On Power Lines Comments | Link
Men of reddit, what do you think would be the worst thing about being a woman? Comments If you won $10 million, what are literally the worst ways you could spend that money? Comments Teachers of reddit, what are some of the weirdest things you’ve confiscated from a student? Comments
Beer with Engineer - Anaheim, Ca. - Tonight Comments Oh dear lord, check your backups... it broke my Exchange. Comments How do you guys tactfully get someone to stop coming to you and follow the rules? Comments
DBA's if you are busy you can offload some of your work to your army of monkeys (developers) :) Comments | Link Database Diagrams coming back in 18.1! ...still no T-SQL Debugging Comments Finding if a user is part of a role that has DB restore privileges. Comments
Powershell in a month of lunches is mine!! Comments Dropped this in /sysadmin but you might like it. Automated a horrible task for accounting. Got a card and present today. Comments Getting Windows 10 build version from Active Directory Comments | Link
We Read 150 Privacy Policies. They Were an Incomprehensible Disaster. Comments | Link Heart heart rate during proposal as I realize my plan is not happening [OC] Comments | Link My Great Grandmother's descendants [OC] Comments | Link
TIL there is a radio station in New Orleans for the blind. Volunteers every day read the local newspaper on the air, along best-sellers, grocery ads, stories for kids, mysteries, the Wall Street Journal, young adult novels and much more. Comments | Link TIL: Nearly 3,000 euros are thrown into Rome's Trevi fountain every day, totalling over a million in the course of a year. There are regular attempts to steal the money but it is illegal to do so. The money has been used to fund a supermarket for the needy. Comments | Link TIL People with sensitive noses are capable of smelling when it's about to rain due to atmospheric chemicals reacting and creating ozone, which has a pungent, sweet smell. Comments | Link
An irritating publishing trend Comments Anyone else read The Westing Game when they were a kid? Its one of my favorites - a terrific, warm, and exciting mystery. Here's a great article about it! Comments | Link Which book is being praised by seemingly everyone, but you didn't enjoy it at all? Comments
Boeing 727 Crash Survivability Test. Comments | Link My second rarest find EVER. This is an unfinished ViperJet Mk.II. I believe there are only 4 registered and airworthy ones in the world. I believe this will soon become the 5th. Comments | Link 2004. The year I got bit by the bug. Comments | Link
This White House chef is an absolute unit Comments | Link My daughter has been entirely blind since late 2017, and I snapped a photo with my phone while she and her brother weren't busy pushing each other. It looks like she's looking over at him smiling. It simultaneously melts and hurts my heart when it seems like she's intentionally looking at him. Comments | Link Telescope view of Jupiter and its Galilean moons. Comments | Link
Tracing a "Bitcoin is saving the economy of [country]!" claim to its roots: Venezuela
Another excerpt, I'm sure you'll enjoy. I've linked the refs, the Reason article is bloody rabid. Probably won't bother with the fabulous Bitcoin fanfic since, the actual media are bad enough on this one. Venezuelans are relying on Bitcoin to eat! Periodically, there will be a rash of news stories claiming that Bitcoin has become popular in some country suffering economic problems, such as Venezuela, India or Argentina – because the word “Bitcoin” makes a headline catchy, even if there’s nothing to the story. This transmutes into claims that Bitcoin will definitely take over the world, any day now. Or in response to scepticism about Bitcoin, advocates will just answer “But, Venezuela!” These always fall apart on closer examination. Venezuela is a typical example: all the coverage traces back to a story in Libertarian magazine Reason, fiercely advocating Bitcoin as a way to avert the spectre of socialism and regulation. One of their interviewees had been arrested for stealing electricity to mine bitcoins, which the author describes as a “government crackdown” on “freedom” because “bitcoin mining is arguably the best possible use of electricity in Venezuela”. A story in The Guardian in the wake of the Reason story appears to be where the rest of the press picked it up. It speaks of some Venezuelans relying on Bitcoin for “basic necessities,” and was based on interviews with a Bitcoin exchange owner, one of his employees and two of his customers. The author had previously written of Argentina and bitcoin. These two questionably-founded stories were echoed and elaborated upon by the rest of the press, including – amongst many others – the Washington Post claiming that Bitcoin mining is “big business” in Venezuela, the New York Times that Bitcoin has “gained prominence” because of Venezuela or BBC News repeating claims from a Bitcoin boosterism blog – all of this being factoids repeated in a media game of “telephone.” The Venezuelan volume on LocalBitcoins (a site for arranging person-to-person Bitcoin trades) at the time was on the order of 300-400 BTC/week, which isn't nothing but is negligible in the context of a whole country, and tracked fairly closely with LocalBitcoins usage in other countries. . 1 Jim Epstein. “The Secret, Dangerous World of Venezuelan Bitcoin Mining: How cryptocurrency is turning socialism against itself”. Reason, January 2017. 2 Kamilia Lahrichi. “Growing number of Venezuelans trade bolivars for bitcoins to buy necessities”. The Guardian, 16 December 2016. 3 Kamilia Lahrichi. “Argentina’s Bitcoin Scene Booms”. International Finance Magazine, July-September 2015. 4 Mariana Zuñiga. “Bitcoin ‘mining’ is big business in Venezuela, but the government wants to shut it down”. Washington Post, March 10 2017. 5 Nathaniel Popper. “S.E.C. Rejects Winklevoss Brothers’ Bid to Create Bitcoin E.T.F.” Dealbook, New York Times, 10 March 2017. 6 Leisha Chi. “Bitcoin digital currency hits three-year high of $1,000”. BBC News, 3 January 2017.
Attempt to recover missing funds from Quadriga hit a snag: the wallets are empty
This is the best tl;dr I could make, original reduced by 62%. (I'm a bot)
The discovery was made by a firm appointed to oversee QuadrigaCX after the death of founder Gerald Cotten. Most of the digital cash that customers deposited with the exchange was supposed to be kept in "Cold storage" to prevent it being hacked or stolen. Mr Cotten's death forced the closure of QuadrigaCX and auditor Ernst & Young was appointed to wind it up. The company said, it found evidence that Mr Cotten had 14 other user accounts "Created outside the normal process" that may have been used to trade on the QuadrigaCX exchange. A reward of $100,000 has been offered by one former QuadrigaCX customer for information about where the exchange's cash has gone. "The unregulated nature of cryptocurrency exchanges, plus the fact that so many use them to hold their coins rather than just exchange them, invites fraud," said security expert Dr Alan Woodward from the University of Surrey,.
http://www.bbc.co.uk/news/technology-38415066 How stale can a news outlet be? I guess there's no indication the governments in the UK have interest in Bitcoin. :( my nation will be a poor nation in 2 decades with any bitties ;-) The article though: -BTC climbed all year (well observed!) -Regular hacks on exchanges (err what?) -"experts say" #correlation crackpot with Yuan -General banter only about Chinese interest -Another mention of a hack, a whopping 65 million stolen (cough Swift) -Standalone sentence! - "dont buy BTC if an exchange is hacked they drop by 10% arghghgh!" (no mention of recovery strength, and all the rest!) -"yet to reach 1000 again" all phrased so pessimistically disregarding the fact that the 1000+ spike was fake and lasted no time. -Casual end sentence, 'total value has now surpassed 14bn'.... ok so don't want to mention that it's an ATH? lul Really fucking hate BBC news.
My experiences as new investor are mirroring the overall market. Scrambling to Value as small and mid-caps continue to tumble.
Being new to this market feels like riding a roller coaster, which I'm sure is not news to anyone. But over the past few weeks I feel like I'm seeing some distinct trends in the markets that mirror my own experiences, and hopefully can give some insight to the future. Like a lot of people, I only bought in recently, around the time BTC was leading the national news cycle. But due to the barriers to entry, there was a pronounced delay from when I made the decision to invest and when I could actually put any money in play. The most established Fiat-Crypto exchanges were experiencing 5-10 day delays for new accounts to get verified and funded. So even though Millions upon Millions of new $ were being committed to Crypto in the last week of December, little of that was hitting the market until Jan 2nd-4th. And when it was, it was coming in through somewhat inexperienced traders like me, who were initially buying the big-cap newsworthy coins (BTC, ETH, XRP) because that's what they had heard about. Within a few days, I began discovering more Crypto trading resources and exchanges, and information sources like CoinMarketCap and /CryptoCurrency. On Dec 26th, I didn't even know there were legitimate cryptocurrencies out there besides ETH, BTC, and ZEC, and by Jan 2nd I was trading RaiBlocks on BitGrail for fucks sake. I also made some dumb moves, by chasing micro-priced coins. Everything was going up, and some of the $0.000x coins were popping for 5x, 10x. The strategy of spreading your portfolio in the 10-20 lowest coins on Binance/Kucoin and waiting for one of them to go 10x was a pretty solid move for a few days there. But as quickly as everything was turning to gold, it turned the corner and went to shit. And I'm not surprised at all because the people who had been holding those micro-coins knew they were worthless, so they dumped it before newbies like me knew what hit us. Since it was the BTC surge, and the ensuing news cycle that built this run, now that those factors are reversed, it is naturally leading to a reversal of the trend. BTC goes from $20k to a new support level of $13k-$14k. A word search for "Bitcoin" on either CNN.com or BBC.co.uk no longer appears in any headlines. The fire underneath the market is gone. Unless those factors flip again, we are not going to see a swift recovery of the past week's losses, especially not for the small-cap and shillcoins that only benefited from the market surge, not their own fundamentals. I for one, am not on board with all those saying "buy back now, its not a correction, its a discount!" I see the Global Crypto Market Cap continuing to fall, maybe by another 10-20%, before stabilizing and staying flat until the next major shake-up. But for me the silver lining is that there are now thousands (maybe millions) of new players on the field, like me. Many of us are younger, internet-savvy, and eager to learn and participate in the growing movement. Once this correction has run its course, I believe there will be much more established fundamentals emerging in the market. People will still pump and dump, like they have for generations with stocks, bonds, tulips, orange juice futures, etc. but currencies that have real-world uses and fundamentals will rise and fall in value predictably along with the market's interpretation of them, just like wall street does with publicly traded companies. And just because the total market cap is contracting, does not mean all coins will be losers. I don't think there is very much fiat currency actually leaving the system, its just being panic-traded out of speculative coins back into more established currencies at more reasonable prices. If people like me are the model for a new generation of Crypto-traders, then here is what I'm doing as a reaction to the crash.
1: Get out of any project that doesn't have a real-world use today, or a major development milestone within the next week or two. Get out of any "decentralized currency" coin besides the top 5.
2: Focus on a baseline established currency (BTC, ETH are easiest) and re-calibrate my thinking to maximize my BTC balance, instead of my USD balance. Not that BTC is the only reasonable currency of exchange, but until something changes, its still the safest and most stable.
3: Think global, and actively seek the latest and best information. Just because the US is cooling down doesn't mean China, Korea, Japan, India, Russia, Europe, Singapore, Vietnam may not be heating up. And know which coins get boosted by which news.
4: For Blockchain/Crypto projects, stay up to date on news and development. Try to get on their Slack, follow their Twitter, get on Telegram. And don't fall in love with them. If there is a competitor with a better product, better team, faster dev, or cheaper price, make the smart move.
5: There will be another run. It won't be as big, it may not last as long, and it may not happen for a while, but it will come. So be ready with some cash to throw around, a solid strategy to get in, and more importantly a plan to get back out on the other end.
This is the best tl;dr I could make, original reduced by 56%. (I'm a bot)
The value of Bitcoin has fallen below $5,000 for the first time since October 2017. The fall brought the total value of all Bitcoin in existence to below $87bn. On Thursday, 15 November, Bitcoin Cash - an offshoot of Bitcoin - split into two different crypto-currencies, which are now in competition with each other. Bitcoin exchange Kraken said in a blog post that it regarded one of the two new Bitcoin Cash crypto-currencies - Bitcoin SV - as "An extremely risky investment". At its peak, in November 2017, it briefly hit $19,783 - which means the price has fallen by about 75%. After the excitements of last year when the price soared to nearly $20,000 and then tumbled, Bitcoin has been rather dull and stable for much of 2018, settling between $6,000 and $7,000. Bitcoin Cash split off from Bitcoin last year after a dispute about its direction and split again a few days ago in another so-called hard fork.
Summary Source | FAQ | Feedback | Topkeywords: Bitcoin#1value#2Cash#3split#4crypto-currency#5 Post found in /technology. NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
130 million hotel IDs breached in China. A Chinese hotel group's database may have been accidentally uploaded to the internet.
This is the best tl;dr I could make, original reduced by 36%. (I'm a bot)
A Chinese hotel group is investigating the possible leak of millions of customers' records, which appear to be for sale on the internet. An advert is offering the 140 gigabyte data trove in exchange for Bitcoin on a dark web forum. Huazhu Hotels told the BBC in a statement that it "Called the police without any delay". Data breaches are nothing new for China, but the scale of customer data involved has led to international press attention for the hotel group. It is one of China's largest hotel chains, operating more than 3,500 properties across 13 brands including Ibis and Mercure. Cyber-security firm Zibao told a local news outlet that it believed the breach was a result of the hotel group's software developers accidentally uploading a database to Github, a service where developers can collaborate.
Cryptocurrencies continue to tumble on Goldman reports. Bitcoin continues to decline, amid reports that the US bank will shelve plans to establish a crypto trading desk.
This is the best tl;dr I could make, original reduced by 43%. (I'm a bot)
Bitcoin and other tokens have continued to tumble in value, amid concerns that Wall Street institutions are eschewing cryptocurrencies. It follows media reports, originally in Business Insider, that Goldman Sachs is shelving plans to set up a cryptocurrency trading desk. A Goldman spokesman said the bank had yet to decide on the scope of its "Digital asset offering". On Thursday, Bitcoin was trading down 4.45%, or $300 on the day, at $6382. Meanwhile other coins were also losing value on Thursday - with Ethereum down 12%, Litecoin losing 11%, and Ripple behind by 7%. The future regulatory framework for digital coins remains unclear, and the US Securities and Exchange Commission has warned some coins issued in initial coin offerings might be regarded as securities. Craig Erlam, senior market analyst at FX firm Oanda, said: "It's been a rough 24 hours for Bitcoin and its peers, with reports that Goldman Sachs has postponed launching a crypto-currency trading desk due to the uncertain regulatory landscape."
PSA: Stop spelling the Bitcoin fraudulent site correctly - It only helps them as search engines pick it up. Use: bitcoin,com | bitcoin .com | bitcoin (.) com | bitcoindotcom | ... (153 points, 52 comments)
Bitcoin Cash deals frozen as insider trading is probed
This is the best tl;dr I could make, original reduced by 69%. (I'm a bot)
Coinbase fears its own workers may have exploited its move into Bitcoin Cash - a spin-off of the original Bitcoin. Coinbase began letting its users buy, sell, send and receive Bitcoin Cash on Tuesday in a surprise decision but has temporarily suspended trade. Bitcoin Cash - which is no more tangible than Bitcoin itself - came into being in August after several developers became frustrated at lengthening transaction times for the original crypto-currency. Although there have been other Bitcoin splits before, this "Fork" was unusual in that everyone who owned the original virtual currency was offered a matching sum of Bitcoin Cash. Trade of Bitcoin Cash was frozen just four minutes after it began on the firm's Global Digital Asset Exchange and existing orders were cancelled. Coinbase has yet to give a full explanation but has said that it intends to reopen Bitcoin Cash order books later on Wednesday.
02-12 19:43 - 'Found it. BBC One. Who Wants to Be a Bitcoin Millionaire? - Panorama. 2030 / [link] / Description: / [quote][quote][quote][quote][quote]>' by /u/redditgiveawaytemp2 removed from /r/Bitcoin within 1-11min
''' Found it. BBC One. Who Wants to Be a Bitcoin Millionaire? - Panorama. 2030 [link]1 Description:
Bitcoin is the world's leading virtual currency, but unlike real money, it is not backed by a government or properly regulated. Bitcoin is exchanged and held digitally by users - which is attractive to criminals selling drugs, pornography and arms. But now Bitcoin is moving into the mainstream and being openly marketed as an investment opportunity. Panorama investigates what Bitcoin is and what it means, going inside a Bitcoin mine in Iceland - where currency is made - and spending time with the Bitcoin millionaires of Silicon Valley. The programme also hears from others who have been scammed out of their life savings and investors who think the cryptocurrency is an enormous scam and that the writing is on the wall. In Britain, and around the world, authorities are sounding the alarm that Bitcoin is too risky - is it too late, or too crazy, to try to become a Bitcoin millionaire?
Craig Wright is a con artist and had incentive to fake being Satoshi. Now his job is promoting a Blockchain consultancy company.
Craig Wright is a scammer, and no matter how much he says what you want to hear, relating with him is going to bring no good. First, why did he claim to be Satoshi Nakamoto? The whole presentation with fake signatures from an old Satoshi transaction made no sense. Someone with any knowledge of CS as he seems to have, had to know someone would catch it sooner than later. Later he promised the definitive proof, to hours later retract it saying it was all too much for him. But then instead of retiring from the public eye because it was too much for him, he has come back to the front line to promote a new Bitcoin consultancy firm. He is doing presentation where he has no problem firing away with controversial and aggressive statements (independently of their validity, with a lot of what he says I personally agree). He suddenly became shy and scared only to present the cryptographic proof, but not before or after. His story offers no proof, just some weak indications here and there, and at the end became full of incongruence, just like your typical hoax. But the question is then, why did he do it? He had to know without a solid proof people would not believe him, so what did he gain from all of this? The answer is in this article from the BBC. The show was not for us, but for his investors, the community was just used:
To me, the key revelation is about this motivation. He had told the BBC that he had not wanted to come out into the spotlight but needed to dispel damaging rumours affecting his family, friends and colleagues. But O'Hagan shows us something rather different - a man under intense pressure from business associates who stood to profit from him if he could be shown to be Nakamoto. These people had signed a deal with Dr Wright in June last year, which saw them pay off his debts, including legal fees incurred in a battle with the Australian tax authorities. Then, they had a plan for him. "They would bring Wright to London and set up a research and development centre for him, with around 30 staff working under him," O'Hagan writes. "They would complete the work on his inventions and patent applications - he appeared to have hundreds of them - and the whole lot would be sold as the work of Satoshi Nakamoto, who would be unmasked as part of the project." The intellectual property, which he had already created and would now augment, would be worth as much as $1bn (£700m) with the Nakamoto name attached, so they would all end up very rich indeed. That may sound fanciful, but Dr Wright's research was into the block chain, the technology underlying Bitcoin, and the world's big banks are rushing to invest in exploring its potential. Now, they may have had dollar signs in their eyes, but Dr Wright's backers certainly seemed to believe he was Nakamoto, and O'Hagan outlines some new evidence that supports that view. He spends days talking to Dr Wright about his relationship with Dave Kleiman, an American who died in 2013 and is thought by many to have played a big part in the creation of Bitcoin. With some reluctance, Dr Wright eventually supplies some emails that seem to suggest the two worked together on the 2008 Nakamoto white paper explaining the idea of the "peer-to-peer electronic cash system". O'Hagan goes to meet Dr Wright's ex-wife, who stands up a story about the two men meeting at a conference in Orlando in 2009 - because she came along too. She gives a detailed account of their meeting and the way Dr Wright hero-worshipped Mr Kleiman, which rings true coming from someone who has no reason to lie. There is a document about a trust fund set up by Dr Wright to hold some bitcoins for Mr Kleiman, along with a promise not to reveal the identity behind Nakamoto's email address. And there are minutes of a meeting between the Australian tax authorities and Dr Wright's business, where his advisor appears to suggest that he possessed 1.1m bitcoins - worth nearly £600m at the current exchange rate.
After all, he had been planning to out himself for months - albeit under pressure from his backers - so why this sudden fear of the consequences now? The other question left hanging is why the backers who had invested so much in their Nakamoto had not demanded more proof from him at an earlier stage. In the end, we are left uncertain about Dr Wright's true role in the creation of Bitcoin. It seems very likely he was involved, perhaps as part of a team that included Dave Kleiman and Hal Finney, the recipient of the first transaction with the currency. He may have exaggerated his contribution, he may have constructed a very elaborate fantasy - or this fragile personality may have lost his nerve as he realised that his life would never be the same again once he was Craig "Nakamoto" Wright.
In short, he had unpaid taxes and other debts and convinced investors that he was Satoshi (or maybe the investors were in on it too) and got them to pay his debts in exchange for promotion for their patents company. Craig Wright needed to make a show for his investors and he did, using us all. Also, anyone here thinks that Satoshi, a guy who gave all the Bitcoin ideas in the open would start patenting them or promoting a patent holder company? Now he is working for a Blockchain consultancy firm. There is a lot of money to be made consulting for the buzzword Blockchain, with companies like IBM putting aside millions just to invest in it. And now Craig Wright has come out attacking Blockstream and promoting big block ideas, which has granted him and the consulting company he works for a lot of attention and possibly future business. To finish, this guy is a con artist. Just because he says what you want to hear, does not mean you should associate with him, unless you want to end up burnt. I agree with a lot of things he says, but anyone can say shit. This guy is just another Maxwell type, intelligent but a lier and a manipulator, defending only his own personal interests. His actions speak for themselves.
12-20 20:23 - 'BBC - Bitcoin Cash deals frozen as insider trading is probed' (self.Bitcoin) by /u/BitcoinAlways removed from /r/Bitcoin within 430-440min
''' [link]1 One of the US's leading crypto-currency exchanges is carrying out an insider trading investigation. Coinbase fears its own workers may have exploited its move into Bitcoin Cash - a spin-off of the original Bitcoin. The San Francisco-based firm announced the move after Bitcoin Cash's price jumped. Coinbase began letting its users buy, sell, send and receive Bitcoin Cash on Tuesday in a surprise decision but has temporarily suspended trade. The company's chief executive intervened after several market watchers posted allegations of illegal activity on social media sites. Brian Armstrong responded that he had repeatedly warned his staff not to disclose its launch plans to family or friends or to trade in the digital asset themselves. "It appears the price of Bitcoin Cash on other exchanges increased in the hours before our announcement," he wrote on the news site Medium. "If we find evidence of any employee or contractor violating our policies - directly or indirectly - I will not hesitate to terminate the employee immediately and take appropriate legal action." [link]2 ''' BBC - Bitcoin Cash deals frozen as insider trading is probed Go1dfish undelete link unreddit undelete link Author: BitcoinAlways 1: http://www.bbc.co.uk/news/technology-42425857 2: www.b**tbi*c**ne*chang*.n*t*w*y-bcash-is-a*scam* Unknown links are censored to prevent spreading illicit content.
North Korea 'hacked crypto-currency exchange in South
This is the best tl;dr I could make, original reduced by 46%. (I'm a bot)
South Korea's spy agency believes that North Korea is behind hacking attacks on a crypto-currency exchange in the South, sources say. They were trading the virtual currencies Bitcoin and Ethereum on the Bithumb crypto-currency exchange. Based on recent trading volumes, Bithumb is South Korea's biggest and one of the five largest in the world. Analysts say North Korean hackers may have targeted crypto-currencies in order to evade the financial sanctions imposed as punishment for the North's development of nuclear weapons. The hackers also demanded a further $5.5m from Bithumb in exchange for deleting traders' personal information, said reports. The sources in the spy agency, the National Intelligence Service, similarly suspect the North of being behind the hacking of another exchange, Coinis, in September, South Korean news agency Yonhap says.
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Bitcoin: My 400 bitcoin bet paid off, but is it too late for others? - BBC News
Entrepreneur Alessandra Sollberger funded her nutrition start-up off the back of an investment in Bitcoin. But as Rory Cellan-Jones hears, it may be too late for others to follow in her steps ... Start trading Bitcoin and cryptocurrency here: http://bit.ly/2Vptr2X Bitcoin is the first decentralized digital currency. All Bitcoin transactions are docume... Don't forget to subscribe and hit that notification '' & visit our base camp at https://cryptodaily.co.uk - Bitcoin Technical Analysis: Reasons Not To Buy BTC At This Point (May 2020) Bitcoin ... Thanks for watching! For donations: Bitcoin - 1CpGMM8Ag8gNYL3FffusVqEBUvHyYenTP8 The BBC is the world’s leading public service broadcaster. We’re impartial and independent, and every day we create distinctive, world-class programmes and c...