Friday, August 23, 2019

[Daily Discussion] Saturday, August 24, 2019

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[Daily Discussion] Saturday, August 24, 2019

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[Daily Discussion] Saturday, August 24, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
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[Daily Discussion] Saturday, August 24, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

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[Daily Discussion] Saturday, August 24, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
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[Altcoin Discussion] Saturday, August 24, 2019

Thread topics include, but are not limited to:

  • Discussion related to recent events
  • Technical analysis, trading ideas & strategies
  • General questions about altcoins

Thread guidelines:

  • Be excellent to each other.
  • All regular rules for this subreddit apply, except for number 2. This, and only this, thread is exempt from the requirement that all discussion must relate to bitcoin trading.
  • This is for high quality discussion of altcoins. All shilling or obvious pumping/dumping behavior will result in an immediate one day ban. This is your only warning.
  • No discussion about specific ICOs. Established coins only.

If you're not sure what kind of discussion belongs in this thread, here are some example posts. News, TA, and sentiment analysis are great, too.

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How effective would this policy be against cashshuffle and cashfusion blacklisting addresses? I'm assuming ineffective

https://finance.yahoo.com/news/u-government-blacklisting-bitcoin-addresses-212554932.html

"The U.S. government is paying close attention to illegal activity associated with Bitcoin and other cryptocurrencies. 

And the government’s “blacklisting” of blockchain addresses associated with digital currencies linked to crimes is sure to escalate, cryptocurrency compliance experts say."



Optional Community Recovery Initiative for Affected Users of QuadrigaCX

Personal

  • My name is Eric S. I’ve lost everything in this debacle.
  • My life has changed drastically.
  • I was in disbelief and depression for a few months.
  • Finally I accepted the reality we may never get anything back.
  • My family and friends have helped support me through these tough times.
  • I had over 1M$ from family and friends ready to enter the bitcoin space until Quadriga fell through.
  • Everyone I know in the Canadian bitcoin space was affected to varying degrees. In the back of my mind, I knew the potential for a community supported initiative.
  • I came across Ethan’s idea through Reddit posts and saw value in it, but not enough clarity or community support. Fighting to survive, I couldn’t dedicate much thought or energy.
  • With Matt’s recent post, I now see there's passionate humans involved in this effort. After speaking with Matt for 3 hours August 12th, I gained understanding and motivation to join the initiative.
  • Every person adds value through skills or support! We have been collaborating since. On August 18th, I participated in my first Quadriga Initiative meeting. It was great to meet and speak with Ethan, Kenny, and Luis.
  • It’s awesome to see the Quadriga Initiative gaining support and awareness across the country. Join in! I’m inspired by our collaboration and efforts to bring this idea to life! I still have hope that Bitcoin can bring the future we all envisioned. I would like to be a part of that future!

Reality of the Situation

  • Quadriga going under is a true tragedy - not for the people who ran or were associated with the business but for the users of which I am just one.
  • It’s a tremendous impact to the perception of the whole industry.
  • The true value Quadriga brought to the table was the community, not the exchange or employees involved.
  • Quadriga was the largest exchange in Canada until it’s demise, meaning the forefront of Canadians in the bitcoin space.
  • Collectively we have enormous power, more than I can imagine.

Understanding the Structure of the Initiative

  • This has nothing to do with the bankruptcy/insolvency process other than utilizing the associated information to determine losses. Participation is optional.
  • The bankruptcy/insolvency process will move forward regardless.
  • The community supported Quadriga Initiative and TxQuick exchange will analyze and maintain the records from Quadriga of what was lost to create an ERC20 token representing losses. (Each token = $1 CAD lost.)
  • Businesses in the community (starting with TxQuick) work to recover funds over time.
  • Recovery is expected to take years - not a quick process. But none-the-less, we believe this is the right thing to do. Our affected user community can be made whole again.
  • We also want to prevent events like the QuadrigaCX exit in the future. This is accomplished through pushing for proof of reserves as an industry standard.

Understanding the Token/Recovery

  • Affected users get tokens for free, representing verified losses. Anyone else who wants tokens has to buy/trade/receive them from affected users.
  • Tokens are spent on an exchange or with interested third parties as a discount for products or services. The third party usage is to incentivize people within the affected user community to purchase goods or services from third parties including TxQuick.
  • TxQuick has proposed to use 15% of gross trading revenue to pay back victims, subject to completion of a legal framework. Tokens held on the exchange would be cashed 1:1 over time.
  • A token marketplace allows other businesses to participate in the recovery through promotions. It will come online approximately a year after the exchange.
  • Business promotions must all accept the tokens at face value. Businesses would typically accept the tokens towards discounts. (ie 10 tokens = $10 off.) Promotions are bought for tokens and redeemed at the business towards products/services.
  • While every business has the opportunity to promote themselves, it’s hoped that some will also go above and beyond - taking the opportunity to show that they are community leaders and offer really awesome deals to show support and help everyone get their lives back together.
  • Tokens are burned once recovered. Token burning is competitive, with a leaderboard showing which businesses burned the most tokens. This is useful to find places accepting tokens and reward businesses which recover more. All data for the leaderboard is public on the blockchain.
  • The tokens provide the opportunity and incentive for businesses and consumers to join the recovery effort. Businesses can promote themselves, consumers can find great deals, and everyone can work together to help out the recovery!

TxQuick Role

  • TxQuick is about to launch as an exchange with a huge emphasis on transparency and trust.
  • TxQuick is being developed by Ethan Burnside, who is highly experienced and has high integrity.
  • Ethan has demonstrated his integrity in 2012-2013 when he ran BTC Trading Corp. When it was shut down, he spent personal funds to keep it running so everyone could get their money out - likely the only time in history that an exchange shut down and everyone got their funds.
  • You can learn more about Ethan and TxQuick from his post. Note that it explains an older idea which Ethan had proposed to run - different from this one.
  • TxQuick was started before Quadriga’s exit and has no affiliation. TxQuick has passionate, knowledgeable and strongly incentivized members, including a full legal/compliance team.
  • TxQuick doesn’t require funding from Quadriga’s fallout or victims.
  • Ethan is strongly in favour of publishing wallet public keys. The exchange will feature a full transparency page to allow anyone to see that all funds are fully backed. In the future, a full proof of reserves will be deployed to assure all customers that their balances are represented.
  • The present proposal has TxQuick accepting the tokens at face value towards trading fees on the exchange. Affected users can use tokens to get free or discounted trading (50%+ off).
  • TxQuick will also handle a token payback if/when possible, enabling tokens to be exchanged 1:1 for cash over time using 15% of gross trading revenue.
  • This proposal is subject to approval by the TxQuick board. It could be changed. There is a necessary interest level from the affected user community of at least 1,000 sign-ups. Every user to join brings us closer to this goal!

Verification of Claims

  • It’s proposed to verify losses based on:
  • Claims will be processed through the TxQuick platform. The Quadriga Initiative and TxQuick will have full ability to limit or reject any claims, particularly if the evidence is incomplete. Both parties have to approve each claim.
  • The user balance website is available to confirm balances for a limited time. It could go offline as early as August 31st 5PM AST . Once it goes offline, pre-claims will no longer be possible. As no list of claimants is being published through the bankruptcy, options to validate balances are most likely limited only to expensive court procedures.
  • Anyone with a balance on Quadriga can create a pre-claim by providing:
    • Client ID and first name for the purposes of saving the total which you had.
    • An email address for a future launch announcement (which can be a forwarder).

Meet Our Team on Telegram

TL;DR

Our community initiative provides affected users of QuadrigaCX a chance to recover some or all of their losses over time. TxQuick will launch the first Proof of Reserves exchange, proving that all customer funds are fully backed! Once 1,000 sign-ups have accumulated, Quadriga Initiative and TxQuick will initiate the token/recovery program.

If you wish to participate, please sign up at https://www.quadrigainitiative.com/.

Requirements to Set Up a Pre-Claim

  • Anyone with a balance on Quadriga can create a pre-claim by providing:
    • Client ID and first name for the purposes of saving the total which you lost.
    • An email address for a future launch announcement (which can be a forwarder).
  • We are a third party website which is not connected with the bankruptcy/insolvency process. Representative counsel has not made any recommendation that you sign up.
  • There is no cost to participate and the pre-claim process takes approximately 3 minutes.
  • Pre-claims depend on the user balance website so they are no longer possible once that website goes offline. (Which could be as early as August 31st.)
  • Please be sure to keep a copy of your bankruptcy claim paperwork for later validation!

Feel free to ask any questions, share on social media, or let us know your ideas/thoughts! Our team is also open to any media interviews/enquiries about the initiative! We need your help to get the word out!

Thanks so much!


[Daily Discussion] Saturday, August 24, 2019

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[Daily Discussion] Saturday, August 24, 2019

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[Daily Discussion] Saturday, August 24, 2019

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[Daily Discussion] Friday, August 23, 2019

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SMART GAMES - BASED ON TRON NETWORK

https://i.redd.it/8ik8zjy186i31.png

Except if you’re stowing away under the stone, I am certain you’d have known about Bitcoins and Blockchain. All things considered, they are the drifting and media’s preferred subjects nowadays the popular expressions of the year.

Indeed, even the individuals who’ve never mined a digital currency or see how it functions, are discussing it. I have more non-specialized companions than specialized ones. They have been pestering me for quite a long time to disclose this new popular expression to them.

I surmise there are thousands out there who feel the equivalent.

For what reason is the Smart-games stage unique?

In the following couple of years, Smart Games will pull in numerous players who currently use benefits that have not yet actualized the blockchain. They will be eager to change to Smart Games due to one exceptionally extraordinary bit of leeway it offers.

Each game played, paying little mind to the size of the wager, will compensate the client with a stage token. The quantity of tokens issued is constrained and not expose to expansion. When playing their preferred game, the stage customer will turn into a co-proprietor of Smart-games.

The more they play, the more tokens they will get. What they do with tokens is their decision: they can sell it on the trade or cause them to get profits that the undertaking will pay to every single token holder as per the extent of their proprietorship. This plan is made progressively alluring by the way that profits are paid not once in a year just like the case with offers, yet at regular intervals. All profits will be paid in TRON and sent to the client’s wallet. This cash can be pulled back quickly, used to pay for products and enterprises, or traded with fiat or other cryptographic money.

Smart-games make games and wagering significantly increasingly appealing gratitude to their one of a kind and easy to understand plan and incredible client support. Appreciate greater, increasingly incessant successes and get profits at regular intervals! This is the ideal spot for the individuals who need to play and win, yet additionally produce each day in the games showcase. Play without enrollment and store from your very own wallet and get a stage token for it.

Step by step instructions to play:

  1. Ensure you have entered your TRONLink wallet or other wallet that supports the TRON arrange. Ensure there is a TRX cryptographic money in your wallet that is basically utilized by the TRON organize. Enter the wager sum that you will play in the “Your wager” line.

  2. You have to modify the slider territory from 0 to 99, where your fortunate number may be. When you move the slider, your odds and winning rate will be balanced naturally.

  3. You can likewise pick “Move Under” or “Move Over”. at that point Click the “Move” catch to put down a wager.

  4. Affirm the worth exchange in your wallet. At that point the smart contract will arbitrarily produce a fortunate number from 0 to 99.

  5. On the off chance that the fortunate number is in the territory you pick – you WIN!

Every single Smart-Game exchanges are brought out through our smart contracts on the TRON organize. This guarantees everything is reasonable and reasonable, regardless of whether the client changes the underlying worth they need to utilize. In the event that SEED is changed, arbitrary SEED will be created to guarantee decency. RNG Principle: when a player dispatches a smart contract, SHA-256 arbitrary hash, current time stamp and past hash obstruct from CoinBase are produced. At that point they will all be combined to deliver irregular hashes. It will be blended with timestamps and hashes from the past square to produce arbitrary numbers if the client utilizes his own underlying worth.

Step by step instructions to get Dividends

To get stage profits, you should solidify your token in the “Profit” window. Profits are credited to your equalization on the stage in TRX cryptographic money consequently. Collections are made distinctly for tokens that are solidified toward the part of the arrangement.

Least token for solidifying = 1 NSG token. To stop, drop, or pull back a Dividend – clients must guarantee that they have at any rate 1 TRX in their wallet to pay for the exchange. Tokens that don’t stop can most recent 12 hours. Sans non NSGs don’t get profits. To add TRX to your wallet balance, you should tap the “Pull back” catch.

you can win these “smart tokens’ basically by playing games on their stage, so you procure in any case whether you win or lose! “that is astonishing!” YES, it is, what’s considerably all the more astounding is the way that the more tokens you possess the more offers you get, and the to a greater extent a true stage proprietor you become, the more you play, the more tokens you get. The more tokens you get the more portions of the stage you HOLD. The more offers that you HOLD the more profits you get !! when will you get these profits? hows at regular intervals sound to you? shouldn’t something be said about paid directly to your TRX wallet in TRX ? not sufficient? go eat cheddar at that point! (pardon my french) It’s fundamentally free cash now boys&girls.

On the off chance that you don’t care for having full control of your gaming stages and getting day by day salary in profits while having butt-heaps of fun! (pardon my french) this is the stage for you!

Befuddled? try not to be, simply look at their stage now and begin playing games! WHY??? since the measure of tokens you get from wagering is limited! which means they will run out, which means the cost will inevitably skyrocket and you don’t wanna be stuck on the ground when you can be on the moon.

Official Links

Platform link – : https://smart-games.io/

Social Platforms/Platform information Listed Below:
WP: https://smart-games.io/whitepaper.pdf
Twitter: https://twitter.com/smartgames_io
Facebook: https://www.facebook.com/SmartGames.io/
Telegram: https://t.me/SmartGames_io

Author: mrcryptohunter
https://bitcointalk.org/index.php?action=profile;u=2669197

trx wallet: TXJAJ8cuBM4yq5FceJ1VanSndt1r1HJSGQ


[Daily Discussion] Friday, August 23, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
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  • Quick questions that do not warrant a separate post

Thread guidelines:

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08-23 11:13 - 'Shower thought, being lucky and striking on another fat seed' (self.Bitcoin) by /u/Bitcoin_puzzler removed from /r/Bitcoin within 108-118min

'''

Imagine you have the EXTREME luck that your wallet just generated seed which is used by another person and you see a balance totaling 40.000 BTC.

You scream from hapiness, as this event is practically impossible! Then you start to transfer out the funds only to find out that the seed actually is from a multisig address and you need another lucky day..

'''

Shower thought, being lucky and striking on another fat seed

Go1dfish undelete link

unreddit undelete link

Author: /u/Bitcoin_puzzler


[uncensored-r/Bitcoin] Shower thought, being lucky and striking on another fat seed

The following post by Bitcoin_puzzler is being replicated because the post has been silently removed.

The original post can be found(in censored form) at this link:

np.reddit.com/r/ Bitcoin/comments/cubd9f

The original post's content was as follows:


Imagine you have the EXTREME luck that your wallet just generated seed which is used by another person and you see a balance totaling 40.000 BTC.

You scream from hapiness, as this event is practically impossible! Then you start to transfer out the funds only to find out that the seed actually is from a multisig address and you need another lucky day..


[Daily Discussion] Friday, August 23, 2019

Thread topics include, but are not limited to:

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[Daily Discussion] Friday, August 23, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

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  • Do not make posts outside of the daily thread for the topics mentioned above.

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[Daily Discussion] Friday, August 23, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
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Thread guidelines:

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Stop using number of git commits as any metric for anything, it's idiocy

Stop measuring git commits, it is stupid! On so many levels and from so many perspectives is number of commits a super duper terrible metrics.

Before I argue my statement, I would like to say that of course, it looks bad with absolutely NO public activity from developers over a long period of time (6-12 months). I say ‘public activity’ because there can be activity, as in code being written, without it being public. More about that below.

Some folks seem to be very keen on using the number of commits as an indicator for the success of a project. There are sites highlighting these irrelevant metrics, e.g. https://www.cryptomiso.com/

Short about me:

I have a masters degree in computer science and I've worked professionally as a developer for 9 years. I have developed two crypto libraries, one crypto wallet and I'm working on my second one. I will not mention which ones, primarily because it is irrelevant, secondly, I don't want this post to be downvoted for shilling any specific crypto project.

First let's re-iterate some important concepts

VCS (Version Control System), `git` is the most popular. `svn` is another, but older and not as used any more

Git is a VCS protocol, nothing else. Git is not Github. Github uses git

Github: is an American for-profit company owned by Microsoft (bought in 2018), it is one of the most popular code hosting platform using the Git protocol

Gitlab: an alternative to Github

Bitbucket: an alternative to Github, owned by Atlassian, who also develops Jira.

More info about Git:

“git commit”: A commit is like a bookmark, when you read a book, you can either use a bookmark on every page, or read the whole book without any bookmarks. The commit is just saved locally only your computer until you “git PUSH”, see below

“git push”: Sending your local commit or commits to any remote git repo, which is a project hosted by any code hosting platform, e.g. Github.

“git squash“: Some people like to do many commits while coding, but just prior to pushing the code, they “merge” together all commits into a single one.

"commit --amend": Let's say I just commited a change in the README, and then I noticed that I misspelled a word, then I can fix that commit (changing it), and fixing the misspelled word, by using `git commit --amend`. Some developers do that, other just fix the misspelled word in a new commit. The difference is that `git commit --amend` results in one single commit (changed), whereas the latter results in two commits.

Different methodology, but same code:

How often developers commit differs A LOT, and I mean completely. Personally, I tend to code for a couple of hours, days or even weeks without making a single commit (frowned upon by some). Whereas other developers might commit any changed line of code. When the code gets pushed to the VCS remote repo (e.g. Github), it is still the exact same code. But coming from me it can be a single commit, but coming from Alice it can be 1000 commits. Same code but a difference in a number of commits by 3 orders of magnitude.

Git squash

In the example above, maybe Alice committed 1000 times (whereas I committed once), but Alice also likes to have one single commit per feature/bugfix/improvement she is working on, so she git squashes and merges all here 1000 commits one. So now Alice method and my method ARE EXACTLY the same, when the code is pushed to GitHub. But it is impossible for us others to know that Alice single commit, actually was 1000 commits prior to being squashed.

Private repo’s

Even though most crypto projects are open-source, some code might not be open-sourced at first, but might be at a later point in time, so these repositories will be hidden from the public, thus there can be a lot of activity in a certain project without the public knowing about it.

Personal repo’s

Even though most companies/projects have all their repositories under the same organization in the VCS code hosting platform, some repo's relevant to the project might not be. E.g. if you look at Bitcoin's page on Github, you will find 4 repositories: https://github.com/bitcoin but some of its core developers might write experimental code in separate personal repo's (that might be private). Or repos not yet pushed, i.e. code sitting locally on her computer.

Forks

When Alice codes in a distributed project with many contributors it might be most suitable for her to not be using the projects repo directly, but rather a personal version of the whole code project, known as a fork (please not that this has nothing to do with 'forks of a DLT (e.g. blockchain)', as in spawning a new version of said crypto project, e.g. Litecoin and Bitcoin Cash being forks of Bitcoin, I'm talking about 'git fork' here). So Alice codes away in any branch, any number of commits, or a single one, in her own personal (git) fork of e.g. Bitcoin, her own repo. Then after some time (hours, days, weeks, months), she creates a Pull Request to the 'upstream repo' (original/source repo), and if other developers are happy with her work, it gets merged. So there might be activity, many of few commits, in another git repo, being a fork of the original one. The bitcoin C github repo currently has 23,958 git forks: https://github.com/bitcoin/bitcoin/network/members that's actually so many that Github displays this message "Woah, this network is huge! We’re showing only some of this network’s repositories". So in order for you to KNOW that there is NO activity for any developers, you would actually need to go through ALL forks (in this case ~24 thousand) of a repo to see that there have been no commits done recently. But as stated above, not even that is enough (the commits might not have been pushed yet, right?)

Irrelevant "wash" commits

I just coined the term "wash commits", so don't google it (you will only get images of jeans...LOL). Just like there are wash trades, faking volume, any developer can either manually or using some trivial script, at a regular interval just add some character, e.g. a space, in any file of a project, git commit and push that change, and then perform another git commit removing said newly appended character. Then it will look like the project has activity. Hell, you can even do this in 10,000 commits daily, "Wow man! Look at all that activity! This crypto project is the best!" - well, no.

No squash and no amend

Two developers, Alice and Bob, neither uses `git squash`, but Alice uses `git commit --amend` to fix typos an other smaller changes, but Bob does not. Since neither uses `git squash`, over a long period of time this might result in a huge difference in the number of commits.

Rebase vs Merge

When Alice and Bob, working in the same repo, wants to merge together their different features they have been working on, they can do so by using two different methods, either `git merge` or `git rebase`, they former results in one extra commit, a commit of the merge event itself, whereas the latter does not result in any extra commit. These are different styles of working and often debated which is to prefer. Over a long period of time this might result in a huge difference in the number of commits.

More LoC, worse

LoC = Lines of Code. The more lines of code, the worse, okay. Many LoC is NOT at all, in any way, a good thing. The theoretically (however, of course, impossible) best code base, is the code base with 0 lines of code. It is trivial to maintain, you just have to do... nothing. It contains NO bugs. Code is in its natural state buggy. So many commits ADDING new code are not always good. Better with commits removing code, given the same functionality.

"But but but... how can I easily determine which crypto project is best by looking at Gitlab/Bitbucket/Github?"

Well you can't, that is my point. But if you want some tips of what to look for, using these metrics are actually relevant:

  1. Number of contributors
  2. Number of forks
  3. Number of stars
  4. Number of pull requests (PR for short, called "Merge Request" in Gitlab), and how many of them are open? How fast does a PR get merged?
  5. Last commit date: WARNING for false positives! Remember "wash commits" (mentioned above), if the last commit date is recent, it does NOT necessarilty mean that the project is active, have a look at the commit. Does it look trivial or not? A trivial commit is e.g. a commit adding a newline/space in the README.

[Daily Discussion] Friday, August 23, 2019

Thread topics include, but are not limited to:

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[Daily Discussion] Friday, August 23, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

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CoinDesk Talks to Supporters, Critics at Craig Wright’s Contempt Hearing

https://i.redd.it/t1wx2qwio5i31.png

CoinDesk traveled down to West Palm Beach on Aug. 5 to cover Craig Wright’s second sanctions and contempt hearing.

Wright, the self-declared man behind bitcoin, failed to comply with a court directive to produce a full list of his bitcoin addresses acquired prior to 2014, as part of a $10 billion lawsuit brought by Ira Kleiman, brother of Wright’s former business partner Dave Kleiman.

After an explosive first showing, Wright did not appear in court this time around. However, his acolytes and detractors sat in as witnesses. In this video CoinDesk breaks down the day’s events and speaks with members of the press and public that sat in to watch crypto history unfold.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.