Crypto-currencies: The future is now

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Balthasar G.
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Re: Crypto-currencies: The future is now

Post by Balthasar G. » January 22, 2018, 9:29 pm



I hope I die in my sleep like my grand dad did, not screaming like his passengers

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Re: Crypto-currencies: The future is now

Post by wazza » January 22, 2018, 9:54 pm

I read that the NK were only 1 incorrect syllable away from hundreds of millions in $ phishing from a Bank in India recently.

The name of the city or Bank was incorrectly spelt.

I also read hey are the biggest supplier of counterfeit $USD and major supplier of narcotics and pre cursors to user friendly countries like Myanmar / Laos, add in their online ability to phish millions.

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Re: Crypto-currencies: The future is now

Post by felixcat » January 25, 2018, 1:41 pm

I'm guessing some are waiting for my "2 Smoking Guns" message. Maybe?
Well, it's being put together..once I post it, I want it to be accurate, timely and with all the words that should be put into it..so I don't need to correct or revise it..knowing the Trolls and haters will be jumping all over it. No one is talking about what I am putting together. Sure, everything I will mention has been talked about, "in pieces", but No-one has put all the pieces together. This "story" could be sold to a Publisher, but I am making it's debut here on UD Map. If someone takes it somewhere, I don't worry. I just want to help someone make a good decision about future planning. My Grandfather was a successful farmer who designed his own buildings and "redesigned" the farming machinery. These same people (builders, Implement Dealers) sent "Hawks" to his farm to copy his designs so they could steal and sell his ideas for profits. My Grandfather did not care, he built what he wanted and thats all he cared about. He built the A-Frame and "up-side down" U roof implement storage building with the 2 large sliding doors that opened up the whole front so you could drive in a Hay Bailers, large combine, 3 wagons of bailed hay, or straw, a plow, furrow, and up to 4 diesel tractors, all under one roof. I miss him and a few other "old guys" who were great friends who shared so much wisdom in business and investment. (A investment is not only money, but in relationships, life in general) . These type of guys are mostly gone today. So what do I have? Not much, compared to them. Just "2 Smoking Guns"...in fact, 1 is shooting up and the other is shooting down. So, coming soon.
Until then, I would like you to watch this 19 minute clip. He nails what is happening...this is bad and good info for those who can decern it. There are SO many clues in it that tell what to watch out for and what to do about it.
Take care,
https://www.youtube.com/watch?time_cont ... DJQHTnLu_c

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Re: Crypto-currencies: The future is now

Post by wazza » January 28, 2018, 7:27 pm


ytrewq
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Re: Crypto-currencies: The future is now

Post by ytrewq » January 30, 2018, 11:20 pm

A crypto exchange was robbed of some relatively obscure coin, but was so well capitalized that they almost immediately made everyone whole. The stolen coins were immediately tagged and are being tracked. Other exchanges have been alerted, so converting them to cash or some other coin may be problematic.

That's not an "ouch". That is a WOW! Had the perps electronically robbed a financial institution in the USA, account holders MAYBE would have recovered up to $250,000 per depositor, per FDIC-insured bank, per ownership category - and after many months or years and a lot of paperwork hassle. THAT would be an "ouch".

Don't let your bias get in the way of reality.

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Re: Crypto-currencies: The future is now

Post by wazza » January 31, 2018, 9:13 am

Its an "ouch" as it wasnt protected securely enough and was hacked .

They havent stated how they will repay as yet, just said they will, from what i read.

The Jury is still out for me on this one, but reading yesterday that the Australian Taxation Office are classifying Crypto currencies as taxable on the profits, certainly changes a few thoughts also.

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Re: Crypto-currencies: The future is now

Post by felixcat » January 31, 2018, 6:13 pm

Don't let your bias get in the way of reality.??
So what then? Jump in head first?
Anyways, still see peop[le fighting about "what is it". No one knows....
But it is not "safe", guarenteed or private.
It is being used to promote something bigger than any of you can imagine. This is just the "prelude" to accepting what is around the corner.
My "Two Smoking Guns" is ready, just a few more touch ups, and adding some relevant info that just popped up.
Don't forget "Chinese New Year" is here, and the banks always manipulate the gold price down as a Gift to them. The Chinese are inportant, and I will tell you why...
carry on...

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Re: Crypto-currencies: The future is now

Post by ytrewq » February 1, 2018, 1:59 pm

If one is prone to knee-jerk reactions or conclusions, one shouldn't "invest" in anything at all - ever. Just burn it or throw it all away. Same result.

Anyway: https://www.coindesk.com/nem-foundation ... ange-news/

They are demonstrating how crypto can be tracked far better than serial numbers on cash. So far, the perps have not been able to do much of anything with the stolen coins. All victims have been made whole and the whole heist may have been a huge risk and waste of time for the perps. This may end up being a significant deterrent to other hackers. Time will tell...

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Re: Crypto-currencies: The future is now

Post by glalt » February 1, 2018, 5:24 pm

I was told by crypto enthusiasts that the beauty of it was that no one could know how much you had, where you spent it who you spent it with or what you bought. That means that if they are able to track it, the advantage is gone. The governments will love that. They will be able to tax it.

I never had any and don't want any. Someday the hackers will figure out exactly how to hack is and the system will crash.

I like cash even though it too can also be worthless but until it is I can go anywhere and spend it. I don't have to worry about my batteries being dead or my computer crashing and can buy a beer in any bar. I can put it under my mattress and I can touch it. It won't vanish in thin air.

I have been called a Luddite and that's fine. I'll just be content with my cash and willing to see people willing to gamble get rich. (Or not).

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Re: Crypto-currencies: The future is now

Post by Stantheman » February 1, 2018, 9:26 pm

An article in Bangkok post about malware and Crypto-currencies.

https://www.bangkokpost.com/business/ne ... /#cxrecs_s

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Re: Crypto-currencies: The future is now

Post by Giggle » February 1, 2018, 9:38 pm

That doesn't surprise me at all give the Thai propensity for gambling/fraud/deception/get-rich-quick mentality.
Ashli Babbitt -- SAY HER NAME!

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Re: Crypto-currencies: The future is now

Post by glalt » February 1, 2018, 10:02 pm

I watch bitcoin just out of curiosity. It was up to nearly $19,000 and I just had a look and it is right now $9,300. A fall that steep cannot be good.

Link - http://preev.com/

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Re: Crypto-currencies: The future is now

Post by Giggle » February 1, 2018, 10:41 pm

Any currency, fiat or trade, is measured by its value over time. From day to day, users should expect some measure of consistency. An inconsistent currency is worthless. It might be of value as an investment, but as a currency it's poo.

I think this is the inherent problem of cryptocurrency. It may be useful to by heroin and gun runners, and 13-year-old Chinese sex slaves traders today, but tomorrow, the price could double. How does an entrepreneur build a business model on that?
Ashli Babbitt -- SAY HER NAME!

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Re: Crypto-currencies: The future is now

Post by wazza » February 2, 2018, 2:07 pm

" The sell-off began with the hacking of Japan's largest digital currency exchange Coincheck last week, which resulted in 58 billion yen ($660 million) worth of cryptocurrency being stolen.

Coincheck has agreed to repay 46.3 billion yen ($523 million) to investors."
http://www.abc.net.au/news/2018-02-02/b ... rs/9387898

Thats a $137 million underpayment or approx 79% repaid , or a 21% loss on the deposits that were hacked.

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Re: Crypto-currencies: The future is now

Post by ytrewq » February 3, 2018, 5:13 am

We do not know if the shortage may have been their own coins. In which case, it makes sense they would forgoe reimbursing themselves.

The situation remains fluid. Japan's authorities are now involved, so a final resolution to the heist may take awhile. No point doing a play-by-play. Put a pin in it and maybe revisit much later this year.

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Re: Crypto-currencies: The future is now

Post by Giggle » February 3, 2018, 12:06 pm

ytrewq wrote:
February 3, 2018, 5:13 am
The situation remains fluid.

Which makes a great case for doing a play-by-play. Unless, of course, YOU don't want to talk about it. [-(
Ashli Babbitt -- SAY HER NAME!

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Re: Crypto-currencies: The future is now

Post by jimjay » February 3, 2018, 6:29 pm

says it all...

speculation alarmists rejoice...

bitcoin dropping faster than a poofter's willy in a cold shower...

https://www.theguardian.com/technology/ ... 2008-crash
The economist credited with predicting the 2008 global financial crisis said a 12% fall in the value of bitcoin on Friday was the latest proof that the cryptocurrency was the biggest bubble in history and destined for a crash.

Nouriel Roubini, professor of economics at New York University, said bitcoin was “the mother of all bubbles” favoured by “charlatans and swindlers” as it fell below $8,000 (£5,600) early on Friday, marking a 30% drop since the beginning of the week as investors became increasingly twitchy about a clampdown on cryptocurrencies by regulators. Later it rallied, climbing back over $8,600 by 3pm (GMT).

Bitcoin has lost more than half its value since hitting a peak of near $20,000 in the week before Christmas. Dubbed “Dr Doom”, Roubini said the sharp fall was the beginning of a crash that would see the value of the digital currency plummet “all the way down to zero”.
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Re: Crypto-currencies: The future is now

Post by christian_2013 » February 5, 2018, 3:10 pm

If we look at Bitcoin 1 year ago it was $1,000usd per Bitcoin with the market correction now selling for $8,000usd per Bitcoin.
Now I am no mathematician but according to my calculation using a calculator as I'm not the sharpest tool in the shed that equates to an 800% gain in 12 months which is an above average rise in the value of Bitcoin since it's inception.
The annual average rise has been 500%/year now from an investment point of view unless of course you entered the market during the hype of the end of 2017 and bought at $20,000usd per Bitcoin then you would be pretty happy with your investment regardless.
I'm not pro bitcoin nor am I anti Bitcoin, but if you understood cryptocurrencies in general you would understand that regardless of the negative hype surrounding this new paradigm from the banking and governments sector, cryptocurrencies are exactly what the banking, governments and globalists want for the future.
Always consider what our governments tell us, and as governments and banking work together to enslave the population further the technology of blockchain is exactly what they want for the future enslavement of mankind.
How will that be achieved pretty obvious if you ask me without stepping in to conspiracy theories.
The whole future of technology is a surveillance system from SMART electricity meters to SMART Phones to SMART TV's to SMART Fridges to SMART Wallpaper to SMART Grid 5G systems that will run the internet of things to come. This includes SMART cash encrypted cashless societies are all surveillance tools cleverly disguised as conveniences for life.
One only has to look at social media now to know that this is another area of surveillance tools being used that surveys the populations of nations, not by a human being but by artificial intelligence programmed by algorithms.
As we are all aware when most of us for decades have said, I don't have nothing to hide then you have forfeited certain freedoms for the conveniences of technology.
Take a look at China now for example and those that have voiced descent towards the government are now locked out of the SMART grid some 7.5 million of them currently. What does that mean? When they go to buy a plane ticket for example they cannot, buying train tickets has been banned from this group of enemy combat tens, they cannot buy land, use bank accounts. Friends who telephone these people find that the ring tone has been changed so there friends know they have been blacklisted by the authorities and if they know what's good for them they should now avoid these people. Those shut out blacklisted from the system have no recourse to complain even after publicly apologizing as there is no-one to register complaint the system is run by AI and the inputted algorithm.
So for those that are pro cryptocurrencies you are correct there is a future in this technology and for those that are anti crypto currencies saying that there is no value in this technology or it's not backed by anything think again it's value should not be underestimated.
Only a few weeks ago a warrant was issued under the patriot act for domestic terrorism, how did they use the surveillance a SMART fridge.
I am grateful to be living in Thailand, the industry I worked in destroyed by globalism for the profits of the Ponzi central banking system, but don't ignore the fact that it's not happening here either, just a little slower than where most of us are from. When you fill in the forms at your Immigration office and it asks you for your social media pages you use, it's not because your friendly officer wants to connect with you and be friends on Facebook and twitter.
I sit on the fence with cryptocurrencies I use it, invest in it, but ultimately know what the future holds for it.
For as long as it lasts, like my previous job, until the transnational corporations instruct there corrupt puppets the governments to enact legislation making it illegal, I will continue to profit or lose from this technology which I can tell you with 100% assurance is not going away. But how the technology will fit in will change as it helps to make up to 85% of jobs now redundant in the future.
I can't see me using cryptocurrency to buy a bowl of noodles in the near future, but quite useful for foreign workers to use by remitting funds back to relatives in isolated locations instantly via there telephone and that's only one application. I am not afraid of the technology, but I am afraid of how the technology will be used against us.

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Re: Crypto-currencies: The future is now

Post by felixcat » February 5, 2018, 6:30 pm

Now, Christian seems to be sooo close to the reality here. I give him "1st Place" for his statement.Could probably hang out with him. :D . Just a bit to go to the "Smoking Gun". I think I will watch to see it you guys can figure it out, rather than tell you the "last chapter". Yes, it will be too late then, but if I told you now, the "commentors" would just trample on the truth, because "they can't handle the truth". \:D/
Here is a clue: all this "electricity" is not building fortunes for the masses. Rather its building something that will control you.
So, as I said before, take your profit, walk away. Play another one for a profit, but always walk away, don't get greedy.
"People buy gold for long term financial security. People buy bitcoin to speculate and get rich quick.".
And, the Tax Man is is Coming. I know its not fair..."they" allow false info to spread, show some people in fancy Maserattis, and everyones mouth drools." But, as with most everything, some have to profit, to perpetuate the "trap" for the others who follow for greed. Be the winner, know when to hold and fold. And DON'T get your info from MSM!!! They are the sellers of the trap. They play the "Good Cop, Bad Cop".
CoinBase US Tax Trap Sprung- Be aware! https://www.youtube.com/watch?time_cont ... dSEkDxISSM

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Re: Crypto-currencies: The future is now

Post by ytrewq » February 5, 2018, 8:31 pm

Bitcoin Newbies Are Getting Crushed While Old Timers Bemoan `Weak Hands’

https://www.bloomberg.com/news/articles ... ge-to-hodl

An FYI for the slower people: :roll:

Futures, the first vehicle to enable smart money to short crypto, became available when crypto peaked. It is insane to expect crypto to do anything other than go down from there. Smart money will close out their short positions - earning billions - and then drive the price back up and earn more billions. They could conceivably continue to run the table for awhile with a trading desk armed with just a few billion dollars, or even much less.

Fine by me. ;)

Anyone would be naive to think massive unregulated manipulation of the underlying asset is not happening. And if you do not understand how futures work, I'm not going to explain it. :roll:

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