Bitcoins - digital currency - Page 1229 - Business, Finances and Investing Forum

The 'store of value' that is cryptocurrency has already seen $1.1 billion stolen in the first half of 2018.
https://www.cnbc.com/2018/06/07/1-po...asy-to-do.html

Quote

10-11-2018 , 06:36 PM

#30702

Dutch101

old hand

Join Date: Jun 2010 Posts: 1,987

We can only link early coins directly to Satoshi and it is very possible he continued mining and is more than rich enough to not need those early coins. He is smart enough to realize that he can't easily sell the early coins these days without outting himself and they are not going anywhere.

Quote

10-11-2018 , 07:55 PM

#30703

OmgGlutten!

Pooh-Bah

Join Date: Aug 2016 Posts: 5,273

Obvious example is the US recovery after 2008 versus countries who were forced into or chose austerity. And of course the Great Depression.

Quote

10-11-2018 , 10:06 PM

#30704

TheMVP

old hand

Join Date: Oct 2007 Posts: 1,753

Quote:

Originally Posted by namisgr11

The 'store of value' that is cryptocurrency has already seen $1.1 billion stolen in the first half of 2018.
https://www.cnbc.com/2018/06/07/1-po...asy-to-do.html

sToRE oF VAluE

be dumber, try.

Quote

10-11-2018 , 11:04 PM

#30705

Dutch101

old hand

Join Date: Jun 2010 Posts: 1,987

Bitfinex not accepting fiat deposits and thether trending down. We could be in for a couple of wild swings.

Quote

10-11-2018 , 11:35 PM

#30706

Carpal \'Tunnel

Join Date: Aug 2004 Posts: 47,038

Quote:

Originally Posted by synth_floyd

And tether which is supposed to be the stable coin backed by real dollars that underpins the entire online trading ecosystem for cryptos is trading at around .98 on multiple exchanges. Not a good sign. https://cryptowat.ch/assets/usdt

Quote:

Originally Posted by Dutch101

Bitfinex not accepting fiat deposits and thether trending down. We could be in for a couple of wild swings.

Quote

10-12-2018 , 12:01 AM

#30707

bahbahmickey

Carpal \'Tunnel

Join Date: Mar 2011 Posts: 15,261

Quote:

Originally Posted by TheMVP

sToRE oF VAluE

be dumber, try.

Can you explain why his post was dumb?

I assume it is because only stupid get coins stolen, but those people are likely forever turned off by crypto, right?

Quote

10-12-2018 , 12:30 AM

#30708

Zenzor

Pooh-Bah

Join Date: Dec 2007 Posts: 5,420

Quote:

Originally Posted by Dutch101

Bitfinex not accepting fiat deposits and thether trending down. We could be in for a couple of wild swings.

Not accepting all fiat deposits or just USD?

Quote

10-12-2018 , 12:47 AM

#30709

SuperSwag

Pooh-Bah

Join Date: May 2012 Posts: 5,765

What if Satoshi was Ross Ulbricht? Would make sense why Satoshi hasn't accessed his wallet. Has this theory been disproven?

I'm on bandwagon who thinks something weird could happen with Bitcoin in coming years. Would not surprise me at all if Satoshi had an event set up. What that would be exactly? who knows.

Quote

10-12-2018 , 12:55 AM

#30710

TheMVP

old hand

Join Date: Oct 2007 Posts: 1,753

Quote:

Originally Posted by bahbahmickey

Can you explain why his post was dumb?

I assume it is because only stupid get coins stolen, but those people are likely forever turned off by crypto, right?

Being a 'store of value' doesn't mean the asset is easy to 'store'.

Stolen funds, however it happens, has nothing to do with the 'store of value' concept.

Any individual with half a brain has their BTC on a hardware wallet which is virtually impossible to steal from.

Soon you will also see fully insured 3rd parties that will store BTC for you if you don't want the hassle.

Quote

10-12-2018 , 03:24 AM

#30711

Dutch101

old hand

Join Date: Jun 2010 Posts: 1,987

Quote:

Originally Posted by Zenzor

Not accepting all fiat deposits or just USD?

No fiat deposits at all. Looks like they lost their banking partner.

Quote

10-12-2018 , 04:05 AM

#30712

applesauce123

adept

Join Date: Jun 2016 Posts: 851

Quote:

Originally Posted by SuperSwag

I bet Satoshi is Andy Kaufman pulling one last prank

Quote

10-12-2018 , 05:59 AM

#30713

jukofyork

Carpal \'Tunnel

Join Date: Sep 2004 Posts: 11,749

Quote:

Originally Posted by SuperSwag

I'm on bandwagon who thinks something weird could happen with Bitcoin in coming years. Would not surprise me at all if Satoshi had an event set up. What that would be exactly? who knows.

https://www.bbc.co.uk/news/uk-england-bristol-45770028

Juk

Quote

10-12-2018 , 06:16 AM

#30714

CoolTimer

adept

Join Date: Feb 2013 Posts: 1,029

What does something weird mean? The code is opensource so it's highly unlikely there's some Banksy type trick there.

Quote

10-12-2018 , 06:45 AM

#30715

jukofyork

Carpal \'Tunnel

Join Date: Sep 2004 Posts: 11,749

Quote:

Originally Posted by CoolTimer

What does something weird mean? The code is opensource so it's highly unlikely there's some Banksy type trick there.

Think figuratively (not literally).

Juk

Quote

10-12-2018 , 08:02 AM

#30716

CoolTimer

adept

Join Date: Feb 2013 Posts: 1,029

I don't have enough fantasy for this. I'd like an example. Genuinely curious what you guys envision happening.

Quote

10-12-2018 , 08:43 AM

#30717

protonewb

journeyman

Join Date: Feb 2017 Posts: 387

Ross is not satoshi. They found him because of sloppy opsec and stupid mistakes satoshi would never make.

There is no Satoshi Surprise coming. Those 1mil+ coins are never moving. That's not to say he didn't cash out - he's smart enough to move/sell his late blocks which are in dispute (as to wether they are his or someone else's). He's beyond rich with just a fraction of those. The very early blocks with the special nonce that are almost surely Satoshi's will never move.

Quote

10-12-2018 , 09:37 AM

#30718

TheMVP

old hand

Join Date: Oct 2007 Posts: 1,753

Quote:

Originally Posted by jukofyork

https://www.bbc.co.uk/news/uk-england-bristol-45770028

Juk

lol if Satoshi comes back to burn BTC to the ground I'll legit laugh as I lose all my money.

Quote

10-12-2018 , 09:45 AM

#30719

de captain

Pooh-Bah

Join Date: Mar 2008 Posts: 5,514

Quote:

Originally Posted by protonewb

...There is no Satoshi Surprise coming. Those 1mil+ coins are never moving....

When you guys make statements like this it really discredits everything you say. You have no idea who is in control of those coins, why they haven't moved, or if they ever will.

You're just making **** up because it benefits your position.

Quote

10-12-2018 , 09:52 AM

#30720

TeflonDawg

Pooh-Bah

Join Date: Oct 2006 Posts: 5,930

Quote:

Originally Posted by TeflonDawg

What's the effect of a bitcoin never moving again forever? Don't people lose their coins forever on a regular basis just due to human error? That seems like an issue, the idea that a finite supply continuously shrinks in aggregate total...

Is Satoshi playing 3d chess? Has something in the works for the world, Banksy style? I just think he's dead, but wtf @ one third of BTC's value being held by dead people or criminals...

Quote:

Originally Posted by CoolTimer

I don't have enough fantasy for this. I'd like an example. Genuinely curious what you guys envision happening.

I don't think anyone really has any idea of what type of stunt Satoshi could or would pull. It just wouldn't surprise anyone if he did since he's supposedly a transcendental genius.

Does this ****er even exist? Have we already ruled out being a female? Or a group of people, engaging in mind****ery of the hoi polloi?

Quote

10-12-2018 , 09:56 AM

#30721

protonewb

journeyman

Join Date: Feb 2017 Posts: 387

If they didn't move at 19k per coin, why would they move now? Suddenly the keys will be found on a flashdrive in a bank vault? Just lol

No, the simplest explanation is they will not move because they have never moved and satoshi clearly knew what he/the group were doing. They were most likely intentionally destroyed, less likely lost but either way they are not moving. They have/had plenty of "later" coins to claim their fortune.

You expect some guy will find the magic usb-stick Indiana Jones style? Occams razor, don't overthink it.

Quote

10-12-2018 , 10:03 AM

#30722

de captain

Pooh-Bah

Join Date: Mar 2008 Posts: 5,514

Writing more and more words to justify your speculation of something you have absolutely no knowledge of doesn't make your speculation any more credible. You have absolutely no idea why those coins haven't moved, or if they ever will. It's as simple as that.

If anyone is overthinking it it's you.

ETA:

You're so sure it's going to 100k, why would he sell at 19k if it's going to the moon? Satoshi is the OG hodler and your theory is he's dead or lost his coins because you can't envision someone actually hodling to the moon as you advocate?

Quote

10-12-2018 , 10:11 AM

#30723

protonewb

journeyman

Join Date: Feb 2017 Posts: 387

If those coins ever move the market crashes. If he is the "og hodler" like you said he would know that and probably destroy the keys, and only keep "a few hundred thousand" late coins for his fortune.

You can't have it both ways. You can't say satoshi is just waiting for more money cause he's smart and then those coins will move and the market will crash so he gets less money? Just lol

Sure it's possible for aliens to land in central park, but i wouldn't bet on that happening today, or tomorrow. the "omg satoshis coins might move" people are betting on the aliens.

Quote

10-12-2018 , 10:11 AM

#30724

TheMVP

old hand

Join Date: Oct 2007 Posts: 1,753

You're the ultimate wet blanket captain, cheer up mate it's ok, it's not your fault.

Quote

10-12-2018 , 10:17 AM

#30725

de captain

Pooh-Bah

Join Date: Mar 2008 Posts: 5,514

Quote:

Originally Posted by protonewb

I have no idea about the coins but my stupid theories make about as much sense as your stupid theories and neither one of us is basing anything on facts so it's all worthless drivel. The only difference is that I don't pretend to know whereas you want us all to believe your made up bs as fact.

ETA:

Crashing the market doesn't mean he gets less money. I'm going to take a page from your playbook and make an assumption about Satoshi, my assumption is he's probably smart enough to know how to short it and could make all the monies by selling and shorting at the same time if he really wanted.

Last edited by de captain; 10-12-2018 at 10:24 AM.

Quote

Page 1229 of 2108

First

229 729 1029 1129 1179 1209 1219 1224 1225 1226 1227 1228 1229 1230 1231 1232 1233 1234 1239 1249 1279 1329 1429 1729

Last

Post Reply Subscribe

...

Page 1229 of 2108

First

229 729 1029 1129 1179 1209 1219 1224 1225 1226 1227 1228 1229 1230 1231 1232 1233 1234 1239 1249 1279 1329 1429 1729

Last