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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. The Bitcoin/Crypto Thread

The Bitcoin/Crypto Thread

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  • LuFins DadL LuFins Dad

    This is nuts. My “holdings” are now worth 3 times what they were 2 weeks ago.

    LuFins DadL Offline
    LuFins DadL Offline
    LuFins Dad
    wrote on last edited by
    #372

    @LuFins-Dad said in The Bitcoin/Crypto Thread:

    This is nuts. My “holdings” are now worth 3 times what they were 2 weeks ago.

    Relatively stable week… Overall posted a 10% gain but at times I was down as much as 10%. And that’s a stable week in Crypto. Weird.

    The Brad

    1 Reply Last reply
    • JollyJ Offline
      JollyJ Offline
      Jolly
      wrote on last edited by
      #373

      https://www.seattletimes.com/business/crypto-lending-teeters-on-brink-of-extinction-after-genesis-collapse/

      “Cry havoc and let slip the DOGE of war!”

      Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

      1 Reply Last reply
      • AxtremusA Offline
        AxtremusA Offline
        Axtremus
        wrote on last edited by
        #374

        https://www.reuters.com/legal/self-proclaimed-bitcoin-inventors-25-bln-lawsuit-can-go-trial-london-court-2023-02-03/
        ...
        The [court] ruling paves the way for a trial on whether developers owe duties to the owners of digital assets – which a lawyer representing some developers said could pose a fundamental challenge to decentralised finance if Wright [the plaintiff] won.
        ...
        Australian computer scientist Wright [who claims to have published the 2008 Bitcoin paper as Satoshi Nakamoto] is suing 15 developers in an effort to retrieve around 111,000 bitcoin – currently worth about $2.5 billion – after he lost the encrypted keys to access them when his home computer network was allegedly hacked.
        ...

        1 Reply Last reply
        • taiwan_girlT Offline
          taiwan_girlT Offline
          taiwan_girl
          wrote on last edited by
          #375

          Maybe our @copper is the real "inventor" of bitcoin. And the money he will get back from Google is just the start.

          1 Reply Last reply
          • AxtremusA Offline
            AxtremusA Offline
            Axtremus
            wrote on last edited by
            #376

            https://www.forbes.com/sites/leeorshimron/2023/02/11/nfts-are-bloating-bitcoin-creating-risks-and-opportunities-for-crypto-investors/

            Ordinals, a controversial new protocol deployed on Bitcoin, enables non-fungible tokens (NFTs) to be appended to Bitcoin transactions, effectively bringing NFTs to the largest crypto network by market capitalization.

            Launched in January, the Ordinals project enables images and other types of data to be inscribed directly on satoshis (the smallest denominational units of Bitcoin - each is worth 0.00000001 BTC) on the Bitcoin blockchain without requiring a separate sidechain or token. JPEG images, new profile picture (PFP) projects, digital art, and even the 1993 first person shooter video game DOOM have been inscribed on Bitcoin using the Ordinals protocol.
            ...

            1 Reply Last reply
            • AxtremusA Offline
              AxtremusA Offline
              Axtremus
              wrote on last edited by
              #377

              https://www.reuters.com/technology/binance-stablecoin-backer-ordered-stop-issuing-token-binance-ceo-2023-02-13/

              New York Financial Services Department ordered that the issuance of new Binance USD (BUSD) stable coin be stopped.

              It also mentions that the SEC may sue the issuer after labeling the BUSD an "unregistered security."

              1 Reply Last reply
              • AxtremusA Offline
                AxtremusA Offline
                Axtremus
                wrote on last edited by
                #378

                https://fortune.com/crypto/2023/02/22/binance-stablecoin-cash-grab-customers-funds/

                Shenanigans at Binance -- converting customers's USDC to BUSD without telling the customers. Value-wise, both are pegged to the USD so the customers are not losing money. Still, it's bad form to convert customers' assets without telling the customers.

                1 Reply Last reply
                • AxtremusA Offline
                  AxtremusA Offline
                  Axtremus
                  wrote on last edited by
                  #379

                  Link to video

                  1 Reply Last reply
                  • AxtremusA Offline
                    AxtremusA Offline
                    Axtremus
                    wrote on last edited by Axtremus
                    #380

                    https://www.axios.com/2023/06/10/cryptocurrency-ban-us-illegal

                    The U.S. government seems to have decided to kill the crypto ecosystem.
                    ...

                    • "Rather than creating a new legal and regulatory framework that legitimizes crypto, we should simply let it burn."

                    The bottom line: The crypto industry is burning down, and the SEC is pouring gasoline on the fire. Congress seems to be perfectly happy to stand alongside crypto skeptics and watch the fire burn.

                    1 Reply Last reply
                    • taiwan_girlT Offline
                      taiwan_girlT Offline
                      taiwan_girl
                      wrote on last edited by
                      #381

                      Seems like the headline writer and the writer on the article are on two different planets.

                      1 Reply Last reply
                      • LuFins DadL Offline
                        LuFins DadL Offline
                        LuFins Dad
                        wrote on last edited by
                        #382

                        So I opened my Crypto app for the first time in 4 months, and found the balance had grown 600% since I last saw it…

                        Still negative, though.

                        The Brad

                        1 Reply Last reply
                        • 89th8 Offline
                          89th8 Offline
                          89th
                          wrote on last edited by
                          #383

                          Lol I honestly plan on checking mine in 10 years. Now if SHIBA goes to the moon, let me know, I’ll cash that out.

                          taiwan_girlT 1 Reply Last reply
                          • 89th8 Offline
                            89th8 Offline
                            89th
                            wrote on last edited by
                            #384

                            Crypto is having a nice few days.

                            1 Reply Last reply
                            • 89th8 89th

                              Lol I honestly plan on checking mine in 10 years. Now if SHIBA goes to the moon, let me know, I’ll cash that out.

                              taiwan_girlT Offline
                              taiwan_girlT Offline
                              taiwan_girl
                              wrote on last edited by
                              #385

                              @89th said in The Bitcoin/Crypto Thread:

                              I honestly plan on checking mine in 10 years.

                              and then:

                              about a month later

                              @89th said in The Bitcoin/Crypto Thread:

                              Crypto is having a nice few days

                              LOL (Just tease you 89)

                              1 Reply Last reply
                              • 89th8 Offline
                                89th8 Offline
                                89th
                                wrote on last edited by
                                #386

                                Hahaha totally fair! I haven't checked my balances, I just saw some charts in headlines that show a bit of an upward trend.

                                Anyway, @LuFins-Dad will let me know when SHIBA goes to the moon, then I'll sell. I think I have 26 million SHIBA coins.

                                markM 1 Reply Last reply
                                • 89th8 89th

                                  Hahaha totally fair! I haven't checked my balances, I just saw some charts in headlines that show a bit of an upward trend.

                                  Anyway, @LuFins-Dad will let me know when SHIBA goes to the moon, then I'll sell. I think I have 26 million SHIBA coins.

                                  markM Offline
                                  markM Offline
                                  mark
                                  wrote on last edited by
                                  #387

                                  @89th said in The Bitcoin/Crypto Thread:

                                  Hahaha totally fair! I haven't checked my balances, I just saw some charts in headlines that show a bit of an upward trend.

                                  Anyway, @LuFins-Dad will let me know when SHIBA goes to the moon, then I'll sell. I think I have 26 million SHIBA coins.

                                  I have 39 million SHIBA coins.

                                  Current price:
                                  SHIBPricePer_12072023.png
                                  SHIB_Price_12072023.png

                                  1 Reply Last reply
                                  • jon-nycJ Offline
                                    jon-nycJ Offline
                                    jon-nyc
                                    wrote on last edited by
                                    #388

                                    I’m listening to the new Michael Lewis book about SBF/FTX.

                                    It’s fascinating.

                                    Only non-witches get due process.

                                    • Cotton Mather, Salem Massachusetts, 1692
                                    1 Reply Last reply
                                    • LuFins DadL Offline
                                      LuFins DadL Offline
                                      LuFins Dad
                                      wrote on last edited by
                                      #389

                                      My Crypto balance is +1130% over Dec 22, 2022…

                                      And it’s still down 20% overall…

                                      The Brad

                                      1 Reply Last reply
                                      • jon-nycJ Offline
                                        jon-nycJ Offline
                                        jon-nyc
                                        wrote on last edited by
                                        #390

                                        Only non-witches get due process.

                                        • Cotton Mather, Salem Massachusetts, 1692
                                        1 Reply Last reply
                                        • markM Offline
                                          markM Offline
                                          mark
                                          wrote on last edited by
                                          #391

                                          Crypto is going crazy.

                                          Bitcoin is over $60k again. It's halving in 47 days. The block reward is getting cut in half. This will make mining more difficult which usually drives the price up.

                                          BitCoinPrice03022024.png

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