ActsJuvenile

17 ms·

31.
by ActsJuvenile 9y ago
Coinbase and GDAX products operate differently. Coinbase is a counter-party in all trades e.g., people buy FROM Coinbase or sell TO Coinbase. So $1B revenue number would include all deposits. GDAX accounting would only count commissions as
32.
by ActsJuvenile 9y ago
I wouldn't bet on it. Coinbase valuation will drop drastically when Tether bubble pops and bear market sets in.
33.
by ActsJuvenile 9y ago
FileCoin and Upfiring both claim to have this PoW, but their Github repos are empty and their Reddit channels are drowning in shilling.
34.
by ActsJuvenile 9y ago
Ah PoS, the "Rich get richer" algorithm. Ethereum's PoS implementation requires lock up of balances in stake accounts, so it removes any incentive to do transactions. I believe that ETH PoS will calcify the economic strata, k
35.
Indian Banks shutdown Bitcoin exchange accounts(economictimes.indiatimes.com)
3 points by ActsJuvenile 9y ago|0 comments
36.
by ActsJuvenile 9y ago
My assumption is that someone using wallets / exchanges is a far more likely to be a price speculator focused on short-term gains. Any producer contributing to the Bitcoin economy would require a full node.
37.
Bitcoin's dark secret: Number of full-nodes has barely budged in past two years(bitnodes.earn.com)
4 points by ActsJuvenile 9y ago|1 comments
38.
by ActsJuvenile 9y ago
My money is on DJI buying them.
39.
by ActsJuvenile 9y ago
Tether is a foreign company, so the raid has to be from international authorities... but boy that raid story will rival Silk Road or Megaupload stories.
40.
by ActsJuvenile 9y ago
You should look at daily volume: BTC daily trade volume = $14B Tethers sloshing around in market today = $1.6B Thus Tethers represent 14% of the market. If MtGox crash was due to a 5% heist, this 14% scam will wipe out Bitcoin and establis
41.
by ActsJuvenile 9y ago
Couldn't agree more with the endgame you described. It will be same as MtGox's last month when prices were $2,000 higher there while everyone was trying to sell off at more liquid exchanges.
42.
by ActsJuvenile 9y ago
That would cause high prices on Bitfinex due to Bitcoin buying, while deflating prices on Coinbase and Gemini due to cash outs. During the last month of MtGox it was common to see $2,000 price gap between Gox and US exchanges. I have a fee
43.
by ActsJuvenile 9y ago
The traders are not likely to withdraw anything unless Crypto prices start crashing downwards. That would explain why Tether is so desperate to prop up the price and avoid withdrawals.
44.
Tether has issued $450M USDT in past 4 days(omniexplorer.info)
91 points by ActsJuvenile 9y ago|91 comments
45.
by ActsJuvenile 9y ago
So how many Lambos are there in your garage?
46.
by ActsJuvenile 9y ago
The problem people have with Tether is their promise of 1 USDT = 1 USD. Tether was kicked out of their HK and Taiwan banks, and now they are banking in Caribbean islands. They are supposedly holding $1.55 Billion USD cash in one of those b
47.
Study finds narcissists like fellow narcissists on Instagram(psypost.org)
3 points by ActsJuvenile 9y ago|0 comments
48.
by ActsJuvenile 9y ago
Coinbase code is still horrible. I have found couple of bugs/failure points in their code, but Fred Erhsam was a jerk to me so I don't feel like reporting these issues to CB.
49.
by ActsJuvenile 9y ago
Wire transfer fraud. I am an insider in the Bitcoin industry, and within 1 day of opening a new bank account we started seeing fraudulent wires flooding in. When we dug deeper, it was shocking to see how many Americans' bank credentia
50.
by ActsJuvenile 9y ago
I had to climb down Intel's management pecking tree for a technical issue, and it was eye opening. I passed through 6 layers of management to reach 1 engineer. Worst part of that was the management sucked up to me when an SVP was copi
51.
by ActsJuvenile 9y ago
Jed McCaleb has been selling tens of thousands of ripples a day for years. Anyone investing in buying is just making Jed richer.
52.
by ActsJuvenile 9y ago
I am petrified of SWATting. I am in the Crypto world, and number of crazies / anarchists I deal with is insane. What steps can I take to protect my home from SWATting attacks?
53.
by ActsJuvenile 9y ago
Look at Tezos Github commits: https://github.com/tezos/ Most of them are shallow changes or "busy work" to show activity. I have been watching FileCoin and Tezos Github, and I wouldn't expect much from
54.
by ActsJuvenile 9y ago
Proof-of-Stake is a rich-get-richer algorithm. If you hold 1% of the coins, you will mine 1% of the blocks and keep those block rewards. Ethereum has been a promising platform for innovation. It is doomed to become a shill infested cesspo
55.
by ActsJuvenile 9y ago
What remains of Ripple now is awfully similar to a scam: Jed McCaleb has been selling thousands of coins a day, and duped noobs are the only ones buying it. https://themerkle.com/ripple-labs-settles-lawsuit-with-jed-m...
56.
by ActsJuvenile 9y ago
Coinbase has a history of canceling orders placed at lower price if the price spikes to a higher level. All other companies honor prevailing price at the time of order. Top that off with Coinbase's buggy automated KYC system, hackable
57.
by ActsJuvenile 9y ago
You are too trusting and optimistic, which doesn't work well given irreversible nature of Bitcoin transfers. Would you let me, a total stranger, hold your Bitcoins? If not, then you should definitely not let British Virgin Islands bas
58.
by ActsJuvenile 9y ago
You are claiming that Bitfinex cannot do wash trading because GDAX has higher fees. Doesn't make any sense! I am suggesting that Bitfinex is doing tons of Wash Trading: https://medium.com/@bitfinexed/wash-trading
59.
by ActsJuvenile 9y ago
They are pretty easy to chargeback as long as you initiate it within 30 days of your first transfer. Give a notarized letter to your bank stating that you did not do these ACH transfers to this "Coin Base" company. You can get AC
60.
by ActsJuvenile 9y ago
PayPal turned it around because they are a fiat-only company. Coinbase is a Bitcoin-Fiat company, and fiat is reversible while Bitcoin is irreversible.

More ›