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Showing 20 of 221 results by leetlezee
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Re: Hat Observer HAT/SIZE - Hats movement tracking & discussion
by
leetlezee
on 26/10/2018, 17:11:44 UTC
no hatters are inferior and must be cleansed from this forum.

Glad to see you're open-minded. It's a very refreshing contrast to others around here.
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
leetlezee
on 26/10/2018, 15:26:15 UTC
We could be in the accumulation phase of the famous bitcoin cycles. I’m really hoping we start to move significantly higher in early 2019. The next halving comes into play then (it’ll be 18 months away) so hopefully the price will start going in the right direction.

I think I speak for all of us when I say I’m sick of $6xxx

I'm pretty sure if the BTC price drops like a rock, we would all be ecstatic to see $6K again. Personally, as long as the price is remaining stable (aka not sliding back down to prior year's levels), I'm happy with 6K.

Given (enough) time, the price will again reflect the intrinsic value of BTC. It may be the end of this year (not looking so likely anymore), maybe next year, maybe in a couple years.
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Re: [ANN] Ravencoin [RVN] PoW GPU Mining | Asset Transfer Blockchain (Updated ANN)
by
leetlezee
on 26/10/2018, 15:22:36 UTC
Don’t believe me? Just ask anyone who “unprofitably” mined BTC when it was at $1000.
Lol that goes without saying. But would I rather mine RVN that cost me 10 cents each, or just buy some for 5? From a personal selfish standpoint, if your electricity rates are high, just go buy RVN.

It's the age-old argument of what matters most to you; more coins at the end of the day, or being loyal to your coin. If you want more coin, you need to be mining the most profitable coin for your setup and exchange your earnings for the coin(s) you want to accumulate. If you just want to be loyal to your coin, even if you will make less at the end of the day, just mine your coin.

Personally, I just wish I hadn't sold Raven for 305 Sats at what I thought was a pump (with the intention of buying back more when the price dropped). Still mining Raven, but so strange, I am not getting as many coins per day as I was.  Cry
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Merits 1 from 1 user
Re: Hat Observer HAT/SIZE - Hats movement tracking & discussion
by
leetlezee
on 25/10/2018, 16:13:12 UTC
⭐ Merited by Last of the V8s (1)

I would actually propose, based on my observational abilities, that the causal effect is reversed from what you have proposed:

My proposition:

Less BTC volatility --> More Xhomerx Hats
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
leetlezee
on 25/10/2018, 16:11:35 UTC
And imaginary, valueless shitcoins are a complete non-factor compared to physical metals in the endgame.

The physical part is an understandable perspective.  But, what value does gold really have?  If the endgame is a SHTF scenario lead is far more valuable than gold.  You can't feed gold or silver to your children.  If grain is scarce I'm not trading any of mine for your precious metals.  

If the shit never does hit the fan, and in the current global socioeconomic climate value is subjective, and gold is no more impressive than a paper wallet.  It wouldn't be any more bizarre to trade bird's heads for tulip bulbs if we lived in a society that put value on those items.

A diverse investment portfolio is the most practical approach.

I agree with DireWolfM14 here. If SHTF, the most valuable resources until order is restored will be food (and ways to acquire/grow/raise food), potable water, and fuel. I would add shelter but I don't know that shelter would necessarily be lacking. The basic necessities will be the means for barter. Here, I'll trade you 3 pounds of meat for 3 gallons of water. Or, here's 20 lbs of grain for 5 gallons of gas.

If there arises an interim order (some community is achieved through communal self-sufficiency), there may be some call for a medium token of exchange, but while a precious metal might be favored, honestly pretty much anything can serve as a token of exchange as long as all the interested parties agree on its value. It could be crow's heads, for all I know. Tongue

I find it somewhat amusing the depths to which this thread has sunk due to the lack of volatility in the BTC market. A remarkable obsession with hats. I suppose even an xhomerx hat (properly authenticated, of course) could also function as a medium of exchange if SHTF.  Grin
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Board Bitcoin Discussion
Re: Downsides to crypto
by
leetlezee
on 25/10/2018, 16:03:13 UTC
If and when cryptocurrency and/or bitcoin becomes the official currency of the world, do you think there will be a downside to it? If so, what do you think the negative effect will be once cryptocurrency becomes a worldwide currency?
The only downside to bitcoin is its decentralised nature thus no proper authentic regulating body over bitcoin and thus leading to its illegal use, bitcoin being so profitable has always helped millions of people in finding their jobs and earning them a good life but still due to its decentralised nature, most of the countries are in against of it as no country wants to bring terrorism in their nation but to solve this issue, centralisation of bitcoin all over the world is the last option left as then countries governments will look after all bitcoin activities.

This post is pretty close to hitting the nail on the head. The problem with cryptocurrency as a global currency is that while the anonymity can help good people from getting hassled, it also provides a favorable environment for bad actors. And when people favor safety over freedom, they will ask for governments to sponsor and regulate crypto to catch the bad actors.

And then from there, people will want consumer protections (for example, I go to a store and buy a "new" TV that turns out to be used and broken, but I paid with crypto, so non-reversible transaction).

The problem at that point is that then the government has a lot greater control and oversight over their population than they did while using fiat currency. And at that point, you end up in a dangerous place where they can cut one person off being able to spend their funds (which can be a good thing when trying to catch a criminal, but what if you just happen to be exercising free speech that happens to offend someone in government that has access to the banlist?). And then of course the inevitable argument of what if the group in control of the government decides to go on a purge, Nazi Germany style? People could be purged based on a number of different criteria. Race, religion, income.

So you wind up in a catch-22 situation. Governments are not likely to endorse cryptocurrency unless they are government-sponsored. And people who have thought things through will likely not want to endorse cryptocurrency if it is government-sponsored.
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Re: Blockchain or Cryptpcurrency?
by
leetlezee
on 25/10/2018, 15:36:34 UTC
Yes blockchain can survive without crypto for example there are some financial institutions like insturance companies and banks that are actually using blockchain for some service without any crypto.

I concur here. There are corporations using blockchain technology to show chain-of-custody or for security as a defence against hacking. The blockchain can exist in (mostly) controlled environments where the nodes are all hosted by parties interested in a central goal (whether they are all part of the same organization or several organizations all participating in a shared endeavor).

However, I do think on a grander scale, while blockchain as a standalone technology will likely be adopted by businesses as an internal framework or a shared framework with other businesses, I do think cryptocurrency on a blockchain will be implemented on a much bigger scale than it is currently, whether it is Bitcoin that gains global acceptance and use, or whether governmental crypto becomes more widespread.

If you're not sure of the the difference between blockchain and cryptocurrency, you can check out some of these links:
https://blockchain.wtf/what-the-faq/blockchain-cryptocurrency-difference/
https://blockchainhub.net/blog/press/cryptocurrency-vs-blockchain-differences/
https://seekingalpha.com/article/4151046-difference-blockchain-bitcoin-cryptocurrency
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Re: [ANN]🔴Deviant Coin🔴[DEV] DEVX Airdrop soon! [🔥DEX + H/W wallet coming up🔥]
by
leetlezee
on 25/10/2018, 15:12:58 UTC
What will be the use case of the DEVX? Will it be an exchange token, like BNB, HT, etc. ? And how will be the Coin/Token distributed?

DEVX will be an exchange token from what I understand, based on the Bitshares platform. So when you deposit DEV to the exchange, you will be issued DEVX to represent the number of DEV you deposited. And then let's say you did some trading and increased the number of DEVX you owned, if you then withdrew DEV, you would receive an increased amount of DEV compared to what you deposited.

I'm excited to see how their hybrid DEX will work when all's said and done.
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Re: [SURVEY]|Take a quick Survey about Gambling & Bitcoin/Crypto|Get $3 in BTC
by
leetlezee
on 24/10/2018, 21:09:46 UTC
Bitcointalk Username: leetlezee
Bitcoin Address: 15Zk5bv8E1ZL4NeHKvgZVNHZc6SQmW1VXe
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Merits 5 from 1 user
Re: How will the next big recession affect the BTC price?
by
leetlezee
on 24/10/2018, 20:22:27 UTC
⭐ Merited by theymos (5)
a long-lasting global recession doesn't seem far off.
Really?  We just got done recovering from the 2008-09 disaster, which to me doesn't seem that long ago.  I'll admit that I don't exactly have my finger on the pulse of the global economy, but what signs are pointing to another recession?  The stock market has been due for a correction, and a lot of stocks have dropped quite a bit lately, but that's ultimately healthy for the market.  Stocks have been booming ever since 2009 and there hasn't been much in the way of a crash or correction.

The question of what happens with bitcoin if a "great recession" happens is an interesting one, since it hasn't been tested yet.  I have a feeling that if a global meltdown occurs and mass unemployment is a component of that, people are going to sell bitcoin en masse and the price will probably fall significantly--and all of the altcoins that people are now hoping to get rich on today?  They're going to fare even worse.

I don't see bitcoin as a safe-haven asset like gold or silver.  It's way too volatile for investors looking to preserve the value of their money when markets go haywire, and if we do get an economic disaster a-knockin' at our door my bet is that metals will start rising again.

I would probably mostly agree with Pharmacist here. I did do a little bit of research to try to determine the narrative that is calling for a global recession. My references are at the bottom, but the narrative ranges from fears of any global tightening (aka rising interest rates) putting too much pressure on the global 247 trillion dollar debt burden, which includes massive consumer debt (1).

CNBC warns of global growth slowing combined with trade tensions putting a strain on the global economy, citing in particular the latest trade deals and negotiations by the US. (2)

Washington Post addresses the lack of real change in the banking space after the last mortgage meltdown in the US, combined with increasing deregulation, increasing risk of large-scale cyber attacks, and a lack of good crisis-management systems. (3)

Highly cited Economist article warns that although the US had a good year in 2017 and so far a good year in 2018, which has had a ripple effect across the global economy, if growth slows as the US implements tightening (increase in interest rates), that could start a global downturn, especially in combination with the trade deals Trump has completed and is currently negotiating. (4)

So in essence, the narrative is that the "good times can't last", and I believe it is coupled with (or perhaps based on) fear about what Trump will do next (5), especially if the midterms go to the Republicans and he has the next two years with a favorable Congress and a conservative Supreme Court. Whatever you believe about the US, whether you like it or not, at the moment, the US does have a big impact on the global economy, so really, your belief about if a global recession is coming has quite a bit to do with whether you think the US (or Trump, if you rather) is moving in a direction that will help or hurt the economy.

To wind up, I couldn't really tell you which way I think the Bitcoin market would go if we experienced a global recession. I think this new generation probably doesn't place as much stock in gold and silver as previous generations, and perhaps may feel like crypto is their "recession savior" (as sort of a anti-establishment move). On the other hand, I could also see people saying, "so THIS is why grandpa always told me to buy gold and silver".

So I voted "largely unaffected" as my statement of indecision. Wink


(1) https://www.express.co.uk/news/world/1021696/global-recession-financial-crash-economic-crisis-great-depression
(2) https://www.cnbc.com/2018/07/02/global-recession-risk-has-significantly-increased-strategist-warns.html
(3) https://www.washingtonpost.com/news/theworldpost/wp/218/10/09/recession/?noredirect=on&utm_term=.133bbcb5cd79
(4) https://www.economist.com/leaders/2018/10/11/the-next-recession (alternative summary for those without access to the economist): https://www.marketplace.org/2018/10/19/world/economist-warns-coming-recession-its-world-economy-report
(5) https://www.afr.com/markets/markets-could-trigger-the-next-global-recession-pimco-20181016-h16owx
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
leetlezee
on 21/10/2018, 14:43:32 UTC
I found this article on medium:

Why do Bitcoin and cryptoassets have no future…

when the NYSE is creating the cryptocurrency trading platform Bakkt in collaboration with Microsoft and Starbucks with physically backed Bitcoin futures contracts.

when Fidelity is offering it to its clients and has been mining it since 2015.

when Steve Wozniak is co-founding a cryptoasset investment firm.

when Katy Perry IG’d herself with cryptocurrency nail polish

Cryptos coming at you like a dark horse
when Brendan Eich, creator of JavaScript and Mozilla, started Brave Browser with a built-in ad-blocker and Basic Attention Token (BAT) to reward content creators.

when Amazon Web Services partnered with QTUM.

when the Bill & Melinda Gates Foundation is utilizing Ripple’s interledger protocol to help with payment services for the financially impoverished and unbanked.

when IBM is partnering with Stellar Lumens (XLM) for cross-border payment solutions.

when Jamie Dimon, tells all that it Bitcoin is a “fraud” and that if he catches any employees who own it he would fire them, while in the background JP Morgan and Morgan Stanley bought Bitcoin ETNs on the dip.

when the MLB is launching a crypto-based game on the blockchain using the ERC-721 standard for non-fungible tokens.

when George Soros initially bashed cryptocurrencies, only to later buy a stack of Bitcoin at the $6k low.

when Alibaba and IBM have the most blockchain patents in the world.

when Yale’s endowment invested $400 million in cyptoasset funds.

when the Winklevoss twins took $11 million of their Facebook money and put it into Bitcoin in 2013 when it was $120 each.

Should I go on?

when John McAfee bets his manhood that Bitcoin is going to the moon.

when Jack Dorsey, CEO of Twitter and Square, thinks Bitcoin is the currency of the future.

when Richard Branson thinks Bitcoin will bring an economic revolution.

when Goldman-Sachs backed Circle launched a crypto finance company.

when Square’s Cash App allowed users to buy and sell Bitcoin.

when Coinbase is valued at $8B.

when the founder of YouTube and the founder of Twitch are advising Theta Token (THETA).

when Bitmain is on track for $10 billion in revenue this year after around $4 billion last year.

when Binance made more in profit in Q2 2018 than Deutsche Bank.

when Reddit co-founder (and husband of Serena Williams — dont forget that) Alexis Ohanian is betting on Bitcoin as a hedge to economic crises.

when Blockchains, LLC bought 60,000 acres for their company that will incubate and innovate Ethereum-based blockchain ventures.

when the co-founder of Wikipedia is now working on its decentralized counterpart Everipedia (IQ).

when Akon is launching his own cryptocurrency Akoin to help bring security to the currency system in Africa.

when Ashton Kutcher donated $4 million in XRP to Ellen DeGeneres’ charityby transferring it to her in a matter of seconds.

when Chamath Palihapitiya, co-owner of the Golden State Warriors, invested early in Bitcoin and thinks it’s going to $1 million per coin.

when Plastic Bank is helping those in developing countries earn cryptocurrency while also curing plastic ocean pollution — I know you’ve seen those IBM commercials.

when Robinhood offers the purchase of cryptos commission-free.

when Steve Bannon is betting on Bitcoin and launching his own cryptocurrency.

when Bill Clinton spoke at the Swell Conference in support of Ripple and blockchain technology: "The permutations and possibilities [of blockchain] are staggeringly great.”

when former Trump aide and Goldman Sachs exec Gary Cohn is joining a blockchain startup.

when the NFL purchased a stake in blockchain startup SportsCastr.

when the NBA goes crypto as the Sacramento Kings mine Ethereum, Bitmain sponsors the Houston Rockets, and former commissioner David Stern backs FanChain.

when Rockefeller-owned Venrock is investing in cryptocurrency.

when Overstock.com is going full-on crypto.

when cryptocurrencies can end poverty and provide financial freedom to those in financial need.

Yeah. This has no future.

Accumulate, HODL, and think outside the blox!

... I originally clicked on  the article because I thought from the title it was a bearish article. Yup, classic clickbait. A good synopsis of the growing adoption of Bitcoin and cryptocurrency, and why I have a long-term bullish outlook, even though for the moment, bull and bear got each other by the throats.
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
leetlezee
on 18/10/2018, 18:16:46 UTC
Better?

I don't like to be the one to break this to you, but you're never going to be better. But that's just the nature of things. Some win gold and some come last.

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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
leetlezee
on 18/10/2018, 17:53:00 UTC
Sounds like someone is insecure and overcompensating.

What the fuck did you just fucking type, you little bitch?

I’ll have you know I graduated top of my class at MIT, and I’ve been involved in numerous secret raids with Anonymous, and I have over 300 confirmed DDoSes.

I am trained in online trolling and I’m the top hacker in the entire world. You are nothing to me but just another virus host. I will wipe you the fuck out with precision the likes of which has never been seen before on the Internet, mark my fucking words.

You think you can get away with typing that shit over the Internet? Think again, fucker.

I am tracing your IP with my damn bare hands so you better prepare for the storm, maggot. The storm that wipes out the pathetic little thing you call your computer. You’re fucking dead, kid. I can be anywhere, anytime, and I can hack into your files in over seven hundred ways, and that’s just with my bare hands.

Not only am I extensively trained in hacking, but I have access to the entire arsenal of every piece of malware ever created and I will use it to its full extent to wipe your miserable ass off the face of the world wide web, you little shit. If only you could have known what unholy retribution your little “clever” comment was about to bring down upon you, maybe you would have held your fucking fingers. But you couldn’t, you didn’t, and now you’re paying the price, you goddamn idiot.

I will shit code all over you and you will drown in it.

You’re fucking dead, kiddo.

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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
leetlezee
on 18/10/2018, 17:35:49 UTC
Sounds like someone is insecure and overcompensating.

Sounds like someone doesn't know their memes.



Better?
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
leetlezee
on 18/10/2018, 17:31:41 UTC
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
leetlezee
on 18/10/2018, 16:54:49 UTC
What the fuck did you just fucking say about me, you little bitch? I’ll have you know I graduated top of my class in the Navy Seals, and I’ve been involved in numerous secret raids on Al-Quaeda, and I have over 300 confirmed kills.

I am trained in gorilla warfare and I’m the top sniper in the entire US armed forces. You are nothing to me but just another target. I will wipe you the fuck out with precision the likes of which has never been seen before on this Earth, mark my fucking words.

You think you can get away with saying that shit to me over the Internet? Think again, fucker. As we speak I am contacting my secret network of spies across the USA and your IP is being traced right now so you better prepare for the storm, maggot. The storm that wipes out the pathetic little thing you call your life. You’re fucking dead, kid. I can be anywhere, anytime, and I can kill you in over seven hundred ways, and that’s just with my bare hands.

Not only am I extensively trained in unarmed combat, but I have access to the entire arsenal of the United States Marine Corps and I will use it to its full extent to wipe your miserable ass off the face of the continent, you little shit. If only you could have known what unholy retribution your little “clever” comment was about to bring down upon you, maybe you would have held your fucking tongue.

But you couldn’t, you didn’t, and now you’re paying the price, you goddamn idiot. I will shit fury all over you and you will drown in it.

You’re fucking dead, kiddo.

Sounds like someone is insecure and overcompensating.
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
leetlezee
on 17/10/2018, 19:27:24 UTC


 Shocked Shocked Shocked

Oh crap, V8 just broke the sensitive eco-system of the entire crypto world. Brace yourselves for the inevitable downfall of all your hopes and dreams.  Roll Eyes
hearing that it's a way for bfx to track down who is fucking with them

Well, if you disappear, we'll know who to blame.

This is all I've been able to find out about their new bank. Are you referencing a different article or rumors on twitter/reddit/elsewhere on BCT? Rumors are definitely flying everywhere. Some say Deltec bank in Bahamas, others a HSBC-affiliated bank in Hong Kong. I wonder how long before someone will leak the bank details after/during completing a fiat deposit to BFX.

https://www.chepicap.com/en/news/4310/bitfinex-moves-all-funds-to-safer-bank-denies-hsbc-bank-partnership.html
https://news.bitcoin.com/bitfinex-introduces-top-secret-banking-system/
https://cointelegraph.com/news/report-bitfinex-shifts-its-banking-business-to-hong-kong-based-bank-of-communications

{edit} I wonder if the secrecy has more to do with their history of getting cut off by Wells Fargo and HSBC--aka, if they don't want their current bank to know that they are processing deposits destined for crypto.
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
leetlezee
on 17/10/2018, 18:21:12 UTC
~snip~

Looks like xhomerx10 is busy making caps for his hat convention. Tongue

Meanwhile...

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Re: Merit & new rank requirements
by
leetlezee
on 17/10/2018, 16:04:36 UTC
High ranking spammers will never earn back their rank thanks to the Merit system. And although the Merit system can't stop the existing spam problem, it stopped it from getting worse.

You (KingZee) seem to be on a tirade against the Merit system. You've been gone from the forum for a while, so you've probably missed that many others did that before you. It's not going to change the Merit system.
In an ideal situation we wouldn't need the Merit system, or even better: all posts would deserve Merit. But we're far from that, and Merit is the best we've got for now.

The absolute best thing that's happened to this forum in recent months is implementation of merit required to be a Jr Member. I really liked Hilariousetc's opinion of requiring 10 merits, not just one (as I think it's a little too easy to beg for 1 merit), but at least it's a step in the right direction. Making it harder for spambots and bounty account farmers will radically improve the quality of posting on the forums.

And while I do agree that it can be challenging at time to get merit, if you are sincerely interested in Bitcoin and this forum for the long run, the merits will come, whether you're a newbie who just got on the forum or a oldie who's been inactive for awhile.
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Re: [ANN] [BITG] Bitcoin Green | Sustainable Cryptocurrency | POS | 85% MN
by
leetlezee
on 17/10/2018, 15:10:57 UTC
Bitcoin Green appears to be pumping/mooning for the 2nd day in a row on CoinExchange. Not quite sure what is propitiating this increase in price. I've done a little research, but not sure what's behind it. Is there any news or factors that I'm missing?