I have the feeling that the bitcoin value is collasping

#41
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Yeah, the famous "whales" that play with that.. do you really imagine that 20000BTC are worth 20000xdisplayed value? What do you think would happen if they were put for sale on market?
There is no true market for bitcoin, just few whales selling/buying between themselves to maintain illusion
 
Reactions: Martin Everson
#42

Only unsophisticated investors liquidate 5000 BTC thru exchanges. 5000 BTC enough to take price down. Other reason is that most exchanges getting hacked and the identify documents are not safe.

About Bitfinex, I recommend to stay away from them much as can. I heard they misused client's KYC documents to open shell companies and financial accounts.

nesaso said:
i think btc will last as long as countries like china japan russia accept it or mine it,main miners are in china and russia now ,and these countries are backed with gold and huge army,and cash is backed with fake economy and criminal slavery
Click to expand...

You probably doesn't posses knowledge of how economy functions in the world and I probably think you don't even know the value of hard work and capitalism.

Remove Japan from your list.

Russia is a banana republic where China is a semi-communist. Of course these countries control BTC to some extent.

China, for example blocked all crypto exchanges but allowed zb.com.

Russia,

Cyber criminals heavily use BTC.

Russian Government Officials had met with Winklevoss twins few years ago to make some deal. Deal whereabouts are unknown to me. Russian interests are against NATO's. Probably, they plot a plan to kill all western currencies thru BTC.


Good luck depending on these countries. One of them is freezing bank accounts as they want, and the other engaged in economical thief and censorship. Remember, the country which owns 51% of mining pools can seize your BTC without your permission or keys.

You will be blessed to know how decentralized is the Apple stock and it's decentralized than BTC.

I've attached some more extra details from Satoshi how Bitcoin functions in an event of global crisis.
 

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#45
i think i know far better than you how economy works
hard work and capitalisam means slaves kilings abduction ?
evrybody have opinion will see who is right
 
#46
This sounds extremely interesting, if not a weird conspiracy theory and speculation.

Also there is no concept of "countries" or "seizure" in Bitcoin, you are just mixing random ideas and speculations and semi-truths in your message.

And at the end you lost all credibility by calling CSV Satoshi.
 
Reactions: extremedox101 and OTR365
#47
Educate said:
This is a flt out lie. Any tampering would immediately nuke price of Bitcoin and there would be no incentive to do so.
Click to expand...


This is an old news which provide insight into possibility of tampering the BTC Chain, but they denied to do it because of price concerns and possibility is still out there.

https://www.coindesk.com/binance-may-consider-bitcoin-rollback-following-40-million-hack
If the Chinese Government looking to seize Bitcoin, They can simply pressure the mining pools in their country by raids, court orders or making the mining pools life difficult.

Now, I didn't lie. It's proven by community even White House inquired into this 51% attack issue. 51% attacks done in many coins but the attacks are conducted by criminals.

As for CSW, It's my personal belief he is Satoshi and there are huge manipulations in the space to make him look like a fraud. Doesn't matter, people lack physiology to understand him because many like to calling him outright fraud.

I shared here what he shared on Slack and the stuff are good for noobs.
 
#48
wonderwhat said:
This is an old news which provide insight into possibility of tampering the BTC Chain, but they denied to do it because of price concerns and possibility is still out there.
Click to expand...
Yes, and exchange owner talked some bulls**t and everyone laughed at him. Bitcoin has no master. One exchange owner can't decide fate of bitcoin. That suggestion was laughable, nobody took him seriously.

If I said the same suggestion tomorrow, would you care about it? Why is his word stronger than mine?

People say lots of dumb things.

Now, I didn't lie. It's proven by community even White House inquired into this 51% attack issue. 51% attacks done in many coins but the attacks are conducted by criminals.
Click to expand...
No, it is a lie, because if you did your research you'd realise 51% attack is financially impossible to pull off in Bitcoin as it would costing extraordinary amounts that would be lost on nothing.


As for CSW, It's my personal belief he is Satoshi and there are huge manipulations in the space to make him look like a fraud. Doesn't matter, people lack physiology to understand him because many like to calling him outright fraud.
Click to expand...

U WOT M8

If someone claims they are satoshi they simply sign with original satoshi bitcoin keys andd prove it immediately. Nobody has done it so far and whomever this person is, he is lying.

The fact that you would fall for such a primitive lie and are clueless about signing of messages means you are truly lost and nothing what you say can be taken seriously.
 
Reactions: extremedox101
#49
nesaso said:
i think i know far better than you how economy works
hard work and capitalisam means slaves kilings abduction ?
evrybody have opinion will see who is right
Click to expand...

You're a Russian. I don't think twice but guessed. Sorry to say, but I recommend you to look into Alexei Navalny to understand how your president manipulate public and steal money.

Economy works totally different in the rest of world not the way your President telling you people. I aware Russians feel insecure by having money in banks hence they opt in to Crypto.

Fact is that the rest of world functions totally federated also banks are audited and regulated.
 
#50

Apologize if you feel hurt. Like I said, Bitcoin is an economic function and there are more methods than a 51% attack but I don't know many attack vectors. Here is an another plausible way that I found recently,

Blockstream own BTC Core repo access on GitHub and if the Government create a bill that allow seize of crypto currencies, Blockstream would have to comply by editing BTC source code.

Government could do this source code editing stealthy like RSA did for NSA. That's different story.

I'm pretty sure there are plausible economical ways to seize an asset. Possible ways by economically are,

For example, In real world, if you burn money then rest money in circulation value start to increase.

In Bitcoin world, if we keep the BTC inaccessible then the rest BTC in circulation would start to increase their value, and the same thing can happen if people start to hodl BTC without selling them.

The inaccessible BTC could be accessible by using issuing a Token and Exchanges would list this token thus allowing governments to liquidate the value of it.

Now, for example, it's already exists here WBTC Wrapped Bitcoin an ERC20 token backed 1:1 with Bitcoin

WBTC is not a government entity but government could force them into issuing token to access that inaccessible wealth.

Tether for example already inflated BTC price. The true BTC price is around at $100 or $200. There are academic researches done on this subject.

I'm not an expert in this subject. I've done research and not merely lying.

As for 51% attack, it seems effective for seizing 5 Billion worth wallet because it only cost 1.4 Billion. Drug lords for example has that kind of money left in wallets. Most of top 10 wallets owned by early dark-web drug lords has that amount of money.

And for Signing Keys to prove himself as Satoshi, It's not easy as you think. There are tax issues and publicity issues. He is not a slave of public after all to sign like people want. He did sign keys for Gavin and few more people like Bitcoin.Org's former president, Calvin Ayre. He also offered signing for few notable people but they refused. And then he did sign using fake keys in public to discredit himself because he like to do it since early age. It's better because it allows him to work on more things than giving press or taking pics. Fame make life miserable.

I did not ask you to believe him because Satoshi. What he writing is so true. If you don't like him, look Nouriel Roubini. Nouriel Roubini too say same stuff.

After all, there are huge cult around BTC defending it and they are ignorant.
 
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#51
wonderwhat said:
Blockstream own BTC Core repo access on GitHub and if the Government create a bill that allow seize of crypto currencies, Blockstream would have to comply by editing BTC source code.
Click to expand...
Yes, and everyone would notice this and just not download the compromised client.

Wow, that was hard.


I am only interested in Bitcoin not centralised shitcoins like Tether, Eth, etc...

Tether for example already inflated BTC price. The true BTC price is around at $100 or $200. There are academic researches done on this subject.
Click to expand...

Show me these academic researches as of 2020 stating that bitcoin's non speculative price is 100-200$. Last papers I read from reputable auditor company marked that price closer to 2000-3000$ where wee almost are now + ANY asset in the Universe will have added speculative value. NO ASSET is trading purely for its intrinsic value without a speculative layer. GOLD? 7 trillion out of which only 500 billion or something is intrinsic industry value and rest is speculation. Same for BTC.

And for Signing Keys to prove himself as Satoshi, It's not easy as you think. There are tax issues and publicity issues.
Click to expand...
Makes 0 sense.

If he claims he is Satoshi and has access to keys then he already has the publicity.

If you prove you hold that Bitcoin and don't sell it there are no tax issues.

It is extremely easy and take 5 minutes. I've been in Bitcoin for 8 years now and have researches this so please don't tell me this BS.

Think logically - person claim they are Satoshi and have private keys -> Ok prove it by signing message -> "nah"

Actions matter not words. The dude is a scammer lol! And targetting low IQ sheeple crowd to follow him.
 
#52
@Educate

You're seems to be very arrogant to some extent.

The term "compromised" means an unauthorized code modification made by a threat actor. Now, this is not the case when following legal order made by Government which they have to follow and you're understood wrongly about modification, the code modification has to be made into the Bitcoin Network Protocol to allow seizure not the GUI client.

Secondly, I never talked to you about ETH or other currencies. I was talking about economical plausible ways to seizure an asset class like BTC. WBTC can be used by Government to perform inflation attack which allow passive seizure of BTC. It's a passive attack vector.

A lot of exchanges support the exchange of WBTC to BTC. WBTC price is same as BTC price.
Not only WBTC, there are number of private side chains like Liquid that also enable the possibility of inflation attacks. We can't call this as an attack when Government doing it.

I estimated Bitcoin's true price based on interactions with Industry pioneers and used that academic research as reference. The price estimation is not made by the academics.

Given that many people in industry predict BTC future price at 100k USD, what's wrong with when I say true price is $100-200 range?

The research of BTC price inflation can be found here: Is Bitcoin Really Un-Tethered? by John M. Griffin, Amin Shams :: SSRN

Thirdly,

With all due to respect, Everybody has a opinion. I respect your opinion but for a second, read what CSW said and forget his Satoshi claim. I was telling people about how to think about BTC more economically by reading CSW texts. He is a professor after-all.

I thought Craig as a scammer for years like you by thinking too logically then I started to think critically and psychologically to see other side of him and by thinking too logically made myself feels like a robot.

Code is not the law. Same applies to Signing, Signing is not only way to prove identity of one. There are diversified way to prove identity of one. Craig privately signed keys to Gavin. Do you think BTC former lead dev Gavin as an low a IQ individual?

Tax do applies because the keys are in a trust. He did not inform the Australia government about the trust. There are legal implications too.

I met with Gavin and he shared me everything about that event.

Craig got hacked multiple times and he lost lot of data then he had to re-produce the documents and that made him like a fraud.

Don't trust Wayback Machine, Wayback was bribed to edit pages of Craig.

[1] The Wayback Machine Is Deleting Evidence of Malware Sold to Stalkers

The reason why people so against CSW because CSW wishes for honest money that means you won't see BTC at 20k or 100k if people went with CSW hence certain people spent millions of dollars to do news and other kind stuff against Craig.

CSW is not a scammer or conman because he did not exploit his claim to raise money or set up ICOs. When he start to develop BTC, he was so broke and he didn't wanted to raise money thru a VC because he hated the concept of VC so to finance BTC development - he sold Windows 0Day exploits to the UK and US government thru Dave Kleiman.

Originally, BTC developed for casinos to allow on boarding of US residents but around 2007 he redacted that idea then he wanted to solve the micro payments problem suffered by the Internet. He simply wanted to build a payment network that allow micro payments at lower cost so the websites does not have to display Ads to make money.


Now, Don't call me as a low IQ individual. There are a lot of people back him even the Tether founder back him and China oldest BTC mining pool and exchange founder too back him.

[1] Brock Pierce - Tether Founder

https://decrypt.co/7167/brock-pierce-explains-origins-of-satoshi-nakamoto
[2] Bobby Lee - BTCC Founder

https://u.today/craig-wright-could-...g-to-founder-of-first-chinese-crypto-exchange
Just alone, CSW Critic John McAfee too admit that Craig took a part of the creation of BTC but he don't believe he wrote the whitepaper.

[3] https://twitter.com/x/status/1185490605469847552
I know many people more than these, but no point showing their names to you.

I don't own BTC, BSV, or GOLD. This is my personal belief. Time will tell you but your opinion is biased. Good luck!
 
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#53
Looks like bitcoin is on it's way up again today

 
#56
Educate said:
Please provide source for studies and research concluding that 100-200$ is true price. Thanks.
Click to expand...

Have you read what I wrote?

"I estimated Bitcoin's true price based on interactions with Industry pioneers and used that academic research as reference. The price estimation is not made by the academics."

"The true BTC price is around at $100 or $200" is my opinion and prediction based on personal research.

"There are academic researches done on this subject." is the subject and subject means Tether inflated BTC price, I already provided link for that on my previous reply.

Here again,

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3195066
Martin Everson said:
What effect to people think the halving in May will have on Bitcoin price?

A Guide to Bitcoin Halving, and What To Expect in 2020 - CoinMarketCap Blog

Or is it already priced into todays price?
Click to expand...

It will hit the miners harder than users. It will reduce income of miners and most will go bankrupt.

Before that, there are 4 asteroids coming towards to Earth and they're dangerous so who knows what would happen even before halving. Experts says, they will fly at a safe distance but the chance for one of them going wrong from safe zone is still out there.

Here is an another attack vector that's still present. Good for criminals. In same-time, the article describe how Blockstream patched the code stealthy without alerting anyone

https://cointelegraph.com/news/infl...r-to-more-than-half-of-all-bitcoin-full-nodes
 
Reactions: Educate
#57
Let's see, btc up with 20.64% right now, still growing strong

 
#59
Admin said:
Let's see, btc up with 20.64% right now, still growing strong
Click to expand...

Dead cat bounce?

Still 20% return in 24hrs is not bad. I wait 4 years for that sort of return in bond market
 
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