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Showing 20 of 294 results by celebreze32
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Board Scam Accusations
Re: CRYPTSY stopping withdraw locking accounts without notifying users! Class Action
by
celebreze32
on 31/10/2016, 10:09:32 UTC
So whats this about Vern and that cocksucker Nettles reaching a settlement?

https://www.cryptocoinsnews.com/plaintiffs-reach-settlement-one-cryptsy-defendant/

"The settlement includes a diamond ring valued for over $104,000, the residential property, all funds recovered from the sale of cryptocurrency, all funds received from the sale of personal property, all funds received from the sale of an Infiniti QX60 with an appraised used value of approximately $28,000, and any other assets obtained by the receiver or lead counsel.

It leaves Nettles a small amount of assets to provide basic living necessities for herself and her children."

So that's it? She gets to walk away from all this with a clean slate? How is this woman not in prison? Those kids should be in foster care right now.

The deal gives her $250,000 from the proceeds of the house sale to provide BASIC living necessities. How can anyone call $250,000 a sum that only buys the bare necessities of life?

She's denying any wrongdoing and done a deal where shes gets $250,000. Does she also get immunity from prosecution from that deal?

Did the lawyer who negotiated the deal ask all the Cryptsy users he represents if they agreed with its terms?


https://www.cryptocoinsnews.com/plaintiffs-reach-settlement-one-cryptsy-defendant/

Quote
The filing noted Nettles denies wrongdoing but has agreed to enter the settlement to avoid further expense and inconvenience.

Nettles relinquished possession of the ring following the August mediation. Nettles can continue to occupy the property until the closing date of the property’s sale and will receive $250,000 from the proceeds of the sale.
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Topic
Board Speculation
Re: It took only 11 days to go from 639 to 1148 last time
by
celebreze32
on 16/10/2016, 13:56:00 UTC
We have a lot of people who got burnt, when they jumped in when the price reached $1000. Those people are still waiting for the price to reach those levels

I find that very hard to believe.  No newbie sits at a loss for over three years.  They'd double down or abandon it. And hardly anyone will have paid the absolute peak price for all their coin.

Everyone saying Bitcoin can never pump again because it's  mature or everyone knows about it is talking out of their ass. The only reason it hasn't pumped is because there hasn't been any demand for it.

I read a few posts by newbies dumping their Bitcoins at a loss after jumping in when the price reached $1000. I don't think many held them for years. Most newbies bought at $1000 to buy the altcoins that were pumping after Bitcoin's pump. That helped keep the price above $900 for most of December and January after Bitcoin reached $1000. Bitcoin pumped fast but didn't dump fast, whereas the altcoins often got pumped and dumped within a day. If Bitcoin pumps like that again it will probably hold a new high value for months after.
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Topic
Board Bitcoin Discussion
Re: Falcon 9 exploded is there those 24 bitcoin satellites on board?
by
celebreze32
on 03/09/2016, 14:10:50 UTC
what  is 24 bitcoin satellite? I never heard of it. Can you please provide more details on it?

Facebook lost its satellite and that is a sad thing for the expansion of internet technology. But bitcoin satellite seems a bit absurd. Can you please tell us more about it? Was any company related to bitcoin tried to launch it?

He probably means the microsatellites (cubesats) promoted by Jeff Garzik as launching after the first quarter of this year. I don't think they launched any yet, and the Falcon 9 that exploded only had an Israeli built satellite designed for Facebook on board. I didn't hear anything about its payload including Bitcoin satellites.

http://www.coindesk.com/bitcoin-nanosatellites-orbit-earth-2016/

Quote
An ambitious plan to launch bitcoin-enabled microsatellites has taken a step forward with a new business deal.

Dunvegan Space Systems, a startup led by bitcoin core developer Jeff Garzik has signed a manufacturing contract with Deep Space Industries (DSI) that will find it constructing 24 nanosatellites for its proposed BitSat program.

The BitSat cluster will act as space-bound bitcoin nodes and is the first of a planned series of nanosatellites. Additional BitSats will be available for purchase at $1m apiece, according to the company.


There's not much information available about the satellites from the company that's behind them yet. There's just a preliminary design review on its website and some basic information. I don't think they have constructed any yet.

http://dunveganspace.com/bitsat.html

http://dunveganspace.com/assets/bitsat-infosheet.pdf

http://dunveganspace.com/assets/bitsat-design-pdr.pdf
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Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
celebreze32
on 22/08/2016, 20:58:33 UTC
At least the downward spiral has been halted for now but hopefully like you said, consistent sideways usually means we're ready for a significant move & hopefully it's upwards.

Chart looks good to me. With the effects of the halving taking hold, the next miracle run might just be in sight.

A number of us have pointed out that long sideways low volume periods usually end in a significant move up, or down. The reduced supply should stop those miners dumping as much, which should pave the way to a good pump soon.
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Board Speculation
Re: Bitcoin will remain dormant until people start questioning what money is.
by
celebreze32
on 22/08/2016, 20:24:03 UTC
Bitcoin's not stagnating, it's up 50% from January, and it was up 100% from January a few months ago. This forum is buzzing with activity, so how can Bitcoin be stagnating? Mass adoption can't happen overnight, it's happening, but in small steps.
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Topic
Board Bitcoin Discussion
Re: What to do when BTC is overrun by a centralized mindset?
by
celebreze32
on 22/08/2016, 20:15:44 UTC
After putting a few feelers out there it is obvious what you will do.

You will follow the status quo and do nothing to flush out the sickness.

These are your own words. That's what YOU would do, or so it seems. You cannot generally apply a rule.

Bitcoin is looking good and there are no other cryptos worth moving your BTC to. Mining will get better soon with western business coming in the game (like McAfee)

For now, eastern countries have way better energy costs. Unless western countries (like the USA) bet even more on renewable energies, they will not be able to match hashrates and infrastructures found on the East.

Bitcoin will never be overrun by a centralized mindset because its miners are dispersed all over the world. Maybe China dominates mining, but there are miners in western countries, and there always will be. As long as mining is a worldwide activity no centralized mindset can control it.
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Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
celebreze32
on 08/08/2016, 17:08:49 UTC

So they wont have a variable value? just 1$ and you can one day maybe swap them for 1$  ?




They say the token will have a blockchain, it will start at $1 value, and they will let people trade it (possibly apart from US customers). That suggests it will be like a normal coin with a wallet. If Bitfinex lets people withdraw the tokens then other exchanges will probably start trading it.



where do they say this token will have a blockchain?

In this comment, they say it will be a token on a blockchain so I assume that means it will have its own blockchain unless its like a counterparty asset.

https://www.reddit.com/r/BitcoinMarkets/comments/4wng7l/site_relaunch_bitfinex_blog/d68xbcm

I assume that means it will be a coin premined with the number of tokens they have issued. I don't know if it will be POW, POS, or mineable. All they say is it will have a blockchain, and I can't think of any point of one unless it allows customers to withdraw their tokens to their own wallet.
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
celebreze32
on 08/08/2016, 15:13:19 UTC

So they wont have a variable value? just 1$ and you can one day maybe swap them for 1$  ?




They say the token will have a blockchain, it will start at $1 value, and they will let people trade it (possibly apart from US customers). That suggests it will be like a normal coin with a wallet. If Bitfinex lets people withdraw the tokens then other exchanges will probably start trading it.

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Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
celebreze32
on 08/08/2016, 14:55:02 UTC
I was able to log into my Bitfinex account. Of the 31 bitcoins I have a balance of 20 bitcoins (which I will withdraw immediately once the option is available). I have 412 USD and about 7000 BFX (tokens).

thank you Elwar i was fishing for this info for a while.
*pulls out calculator *
so, that means ~75million BFX coins have been issued.
now... wtf are these coins going to be back by, 10% of bitfinex inc.   80% of bitfinex inc. ??
can't lie, i am excited to buy this shit token.
i might actually deposit bitcoins into bitfinex asap.  Cheesy

This is all that matters.

I have only seen "BFX tokens, which can eventually be exchanged for shares of Bitfinex".

Whatever that means.

The Bitfinex blog says it will either redeem them in full, or possibly exchange them upon the creditor’s request and Bitfinex’s acceptance for shares of iFinex Inc. Bitfinex isn't guaranteeing to exchange them for Bitfinex shares. Unless it gives a guarantee the token will only be backed by Bitfinex's promises.

http://blog.bitfinex.com/uncategorized/bitfinex-interim-update/

Quote
The BFX tokens will remain outstanding until redeemed in full by Bitfinex or possibly exchanged—upon the creditor’s request and Bitfinex’s acceptance—for shares of iFinex Inc.
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Topic
Board Bitcoin Discussion
Re: Two hacks and two approaches - is Bitcoin is looking better than Ethereum?
by
celebreze32
on 08/08/2016, 13:19:11 UTC
I never understood the big deal with eth anyway, but the whole hardfork thing just cemented the shitcoin tag for it in my mind.   Bitcoin is money, and the rest of these clown coins are destined to fail.  Especially if they try to reverse a hack by forking.

If someone steals a hoard of bank notes from a bank those notes don't become un-spendable. If the police never figure out who robbed the bank the robber keeps the money. It's the same with Bitcoin, a thief robbed Bitfinex and gets to keep the money provided the police never figure out who robbed it.

With Ethereum stolen coins become un-spendable so it's not proper money.

Bitcoin takes the best approach for a coin that is money.
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Topic
Board Bitcoin Discussion
Re: Random guy asks you about this internet money BITCOIN
by
celebreze32
on 24/07/2016, 10:57:58 UTC
Tell him it's internet money, and he could have bought a Bitcoin for one cent seven years ago, then sold it for more than $1100 less than five years later.

Tell him it went up in value more than 5.5 times in 27 days during November 2013.

Tell him if he had bought $10 worth of Bitcoins at the start of November 2013 he could have sold his stash for $55 at the end of November 2013.
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Board Speculation
Re: About Halving???
by
celebreze32
on 16/07/2016, 12:31:00 UTC
Halving just means reward per block will be halved from current 25 bitcoin per block to 12.5 bitcoin to rewards. And there is lot more speculation that bitcoin price will pumped because supply will be limited but we don't have to forget about there is already good supply of bitcoin currently circulating, only production rate of new bitcoin is halved. Price can go either down or up, hard to predict.

Anybody saying a price rise is guaranteed is lying, but it's very likely the price will rise over the next year. A big whale could crash the price by dumping tens of thousands of coins, although it's not probable if waiting for a rise would get a better price.
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Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
celebreze32
on 04/07/2016, 10:15:40 UTC
About Bitcoin price:
why all the fun happens during the weekends? I do not have time to show a chart but it is clear that BTC traders love the weekends.
Friday night I left at 698 and I came back at 670$

maybe because one can trade other stuff monday-friday...

That, and maybe because most workers only have time to trade at the weekend. All night trading is only practical at the weekends when traders don't have to get up early for work the next morning. This thread also gets busier and has posts throughout the night at the weekend.

My prediction is $666 at the start of the weekend, and $666 at the end of the weekend with lots of ups and downs in between.
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Topic
Board Bitcoin Discussion
Re: Bitcoin Banks
by
celebreze32
on 08/06/2016, 09:43:23 UTC
I wouldn't trust a Bitcoin bank. In 2014 there was a company that described itself as a Bitcoin bank, but it closed after it was hacked. It had 896 BTC stolen from its hot wallet.

http://www.coindesk.com/bitcoin-bank-flexcoin-close-600000-bitcoin-theft/
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Board Speculation
Re: What will happen to the price of bitcoin after block halving..??
by
celebreze32
on 17/05/2016, 19:14:12 UTC
I think the same as last time. Nothing much will happen until a month or two after the halving, then the price will start to go up. Eventually it will spike to thousands of dollars, but it's not going to happen on the day of the halving.
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Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
celebreze32
on 17/05/2016, 19:05:15 UTC
Feel free to buy that Eth scamcoin and have the rug instantly pulled out from under you.  They're pumping it in order to find momentum traders to dump on to get BTC for the BTC halving.  Only idiots hold altcoins during BTC halving.

It gets even worse for the ETH DAO investors, looks like your Eth investment is devalued upon price rise, this is going to end badly, so bad that... Dr Gavin Wood ETH chief scientist & DAO curator resigned , he know's whats coming  Undecided  https://medium.com/@gavofyork/why-ive-resigned-as-a-curator-of-the-dao-238528fbd447#.4b1m1viv3

Hrmm! automated ponzi, progress is the future lol.

Looks like a CMA move as much as anything. No one sane would want to be publicly associated with this. Seems like the vast majority of investors don't really understand what they've got themselves into.

It reminds me of the Paycoin fiasco, and the obscene amount of money it raised when it began. I still wonder if the Bitcoin crash afterwards was partially due to cashing out all the Bitcoins raised through Paycoin. This DAO could make a similar ETH crash.
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Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
celebreze32
on 07/04/2016, 20:49:40 UTC
Saw this link on /r/bitcoin, interesting stuff.

http://meaningness.com/metablog/geeks-mops-sociopaths

Completely irrelevent for Bitcoin though, since the entire purpose of a currency is to become a monopoly, a consensus mechanism for exchange.  The less of a monopoly it has, the less useful it is.  Your link argues popularity weakens the idea, so the article is inverse to how Bitcoin actually works.  Don't try and conflate grunge music and economics.  People like money to be as boring and predictable as possible, not "cool".  Just like when you open your refrigerator, you don't want to have to guess what's edible or not.  That's definitely not cool.

True, I wouldn't trust a young bank manager, I'd only trust an old grey haired one in a boring suit. If he was bald I'd give him a bit of extra trust. Bitcoin needs to be boring for people to trust it. Leave flashy new features to the pump and dump altcoins. Bitcoin's safe square reputation will keep its price going up.
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Topic
Board Exchanges
Re: Ether withdrawal from Cryptsy
by
celebreze32
on 06/03/2016, 18:44:04 UTC
This bitcointalk user claims he represents Cryptsy as their support, and his post history suggests he might be linked to Cryptsy. It's still a newbie account so I wouldn't trust it, but you could try sending it a pm.

Cryptsy_Jim

Here's Cryptsy_Jim's last post where he says he's still representing Cryptsy.

Hello I have offered to give big Vern the identity of the person that committed the theft against cryptsy and help them be put to justice but he is not responding to me. I offered my services and to divulge this information for a bounty of %30 of the stolen funds I also said I am willing to negotiate a bit to make things easier.

Here is my twitter were I have tweeted at Big Vern multiple times https://twitter.com/cryptcracker1/with_replies

I am asking for a contract to ensure I am paid the bounty, if anyone is able to reach Big Vern please tell him to get in contact with me asap.

Please contact us via the ticket system.  
Put "Cryptsy Hacker identity incoming - pending bounty" as subject and choose "Information about missing BTC" from ticket type pull down.

Or

Send an email to "reward@cryptsy.com"

Im pretty sure we have already responded to you and will not be paying anything until coins are returned.

We have no problem drawing up a contract for you in the case that your information leads to the return of the coins.

We will also not be responding to this thread any further.

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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
celebreze32
on 03/02/2016, 19:24:24 UTC
RIPPLE .

Hey - remember back when Ripple's market cap was greater than Bitcoin's? Yeah - those were the days.

I read a CoinDesk story about ripple today and there was a footnote saying the company that owns CoinDesk is an investor in the company that runs ripple. That's news to me. I have read loads of CoinDesk stories about ripple and I always thought they were unbiased. If I'd known CoinDesk was a ripple investor I wouldn't have taken those stories at face value.
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
celebreze32
on 03/02/2016, 18:47:43 UTC

Been brewing for awhile...

Bitstamp Bans Access from Russia "Temporarily"
"Russian users of popular Bitcoin exchange Bitstamp are struggling to gain access to their trading accounts, due to the company’s decision to temporarily [Hahahahaha -ed] block access from all Russian IP addresses. According to the database of FSSCIM, as of January 18, 2016, Bitstamp is granted full access and there are no pending attempts to restrict access to the site."
“To ensure compliance with the new regulatory regime, protect affiliate service providers, and most importantly – protect our valued customers in Russia – Bitstamp has decided to temporarily block access to its website from Russian IP addresses until we can assess the situation with more clarity.”

It begun!

Russian Bear Fed Up With Bitcoin Bullshit

Russia's Ministry of Finance has developed a new version of its proposed law that would seek to both outlaw and apply criminal penalties for activities involving digital currencies, according to a report by Russian news source Interfax.

Citing sources from within the Russian government, Interfax reports that acquiring, selling and distributing cryptocurrencies would be punishable with fines of 300,000 rubles ($4,574) or through up to 360 hours of correctional labor under the new bill.

Should such infractions be committed by an agency or group, the fines for such activities would increase to 500,000 rubles ($7,623).

What happens to Russian Bitstamp customers money and Bitcoins if Bitstamp won't let them access their accounts? Bitstamp must be able to identify all its Russian customers because it forces all customers to submit KYC documents. I would hate Bitstamp if it told me I couldn't have my money back for my own protection.

Will Bitstamp decide to permanently keep all its Russian customers money for their own protection?