Wednesday, July 3, 2019

[Daily Discussion] Thursday, July 04, 2019

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UNSUBSTANTIATED RUMOUR: I'm hearing reports from normally reliable contacts that there are serious problems with the bitcon.com mining operation, and hackers are involved. Bitcon.com customers getting pissed. They're not mining on BTC or BCH. Looks like it's all over.

LOL. Any comment Salty Roger? /u/MemoryDealers ?

Last block mined on BTC: 583242 (2 days ago)

Last block mined on BCH: 589572 (22 hours ago)

Apparently Emil Oldenburg has gone missing after publicly arguing with Roger, and Shaun Chong has been fired and for now Hans Engren is trying to fix things - and until we see any Proof of Work (i.e. mined blocks) from Bitcon.com it is obvious he is failing, and the hackers are in charge.

This is not a ransom attempt apparently - this is a seek/destroy takedown. All their office computers are down too!

UPDATE

Japan is getting this news right now How long for China?

UPDATE #2 2019-07-03 11:55 UTC

I've been provided with some technical details and it all makes sense:-

  • Roger pays low-rate contractors to revamp his bitcoin.com site

  • Many of Roger's employees are remote, very lax VPN security.

  • VPN allows access to his mining operations, and even Roger's notebook.

  • Firmware flash screw-up on all mining equipment. Probably bricked forever, will certainly require shipping back to Jihan.

  • Viruses galore on office computers, and anyone else unlucky enough to get zapped.

  • Bitcoin.com is basically in lock-down and they are running around like headless chickens.

  • Ironically, the work on Bitcoin.com (the website) is working fine... or is it?

Of course /r/npc is quiet about all of this because of fear, uncertainty, doubt.. no not FUD about this news, but FUD about being banned for speaking against them or questioning the truth or their narratives in the "uncensored subreddit"

UPDATE #3 2019-07-03 13:16 UTC

cash.coin.dance really does need to fix its pie chart code. bitcoin.com still appears there in "blocks mined today" piechart however it's been over 26 hours now since last block mined on BAB.

Please anon sending me messaging stating: "Roger is 51% attacking his own chain as Unknown Miner to double-spend the 3 million BAB he is moving". Don't spread FUD. We know due to centralisation and checkpointing that it's impossible to do this so easily. I have 2 sources who I communicate with daily who are giving me all this info. More news to come, but I want to wait for some sort of signal.

There is now a thread of discussion on /r/npc will be nice to see how they deny/ignore this one, however attempts have already been made and corrected. Remember BLOCKCHAIN = TRUTH.

UPDATE #4 2019-07-03 14:00 UTC

About those 3 million BAB that moved across the chain.... hmmmmm.... what if Roger moved it, but didn't move it to where he expected, now knows it didn't go where he thought he sent it, and has additional problem of not being able to rollback the blockchain due to "checkpoints" after 10 blocks as other miners are mining including "Unknown Miner" ;) Miner collusion impossible if "Unknown Miner" says "NO". Do we get another emergency ABC release?

C'mon Roger - time to speak out and inform especially those people who idolise you on /r/npc. Nobody will blame you, easy errors to make. Blame Emil - he hired guy who setup the VPN.

UPDATE #5 2019-07-03 14:18 UTC

Finally coin.dance have fixed their piechart code! Now it's easy for all to see... where is bitcoin.com ?

OK I have been told I'm going to receive documentary evidence about all that has happened around 17:00hs UTC. They've told me they'd rather Roger be straight with his followers in the meantime, but hey - we all know Roger!

UPDATE #6 2019-07-04 05:12 UTC

I fell asleep watching coin.dance waiting for BTC block, sorry folks. I thought my contacts were late due to "variance" in their rendezvous time but no. They told me "will update at 5" and I presumed 17:00. Nope, it's 05:00. They've told me to watch the blockchain for clues, they realise best way to catch out Roger is to produce a series of events, and watch his social media reaction. We've already seen the "everything is OK" narrative at /r/npc as a block (589720) magically appeared after 26 hours on the BAB chain. In fact things were so good that David Shares was forced to make "dupe post" about it. If David Shares had been a user making a dupe post about a "bad topic" he'd of been banned by David Shares. We've got evidence logs of him banning 3 people in past few weeks just for making duplicate posts on the "we don't censor" subreddit.

Let's examine the blockchain, cause according to /r/npc "everything is OK".

Number of BTC blocks mined by bitcoin.com since this post was made: 0

Number of BAB blocks mined by bitcoin.com since this post was made: 3 (some are calling these "virtue signalling blocks", and it's a lot cheaper to virtue signal with BAB).

Last BTC block mined is still 583242 (2019-07-01 01:01:38). That's 76 hours without block.

Last BCH blocks mined:-

10 hour gap.

589747

589736

589720

26 hour gap. This post was made.

589572

589520

589487

589479

589442

If you think 3 BAB blocks in 36 hours is OK then I have a SHA257 (that's 1 better than a 256 model) miner to sell you.

"jim-btc we will update within 24 hours. Watch the blockchain. We repeat watch the blockchain". Roger that my secret contacts, thanks!

This is NOT financial advise

If you have BAB - dump that shit faster than a smelly diaper... it's obvious to all except those trapped in the BAB BABble bubble that something really stinks!


[Daily Discussion] Thursday, July 04, 2019

Thread topics include, but are not limited to:

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  • Quick questions that do not warrant a separate post

Thread guidelines:

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07-04 05:03 - 'You are correct --- if you hold bitcoin, you are exposing yourself to exchange rate fluctuations. This is the same as if you held stock in Apple, Inc / Except there are no coffee shops that accept a fraction of a share of...' by /u/cointastical removed from /r/Bitcoin within 40-50min

'''

You are correct --- if you hold bitcoin, you are exposing yourself to exchange rate fluctuations. This is the same as if you held stock in Apple, Inc

Except there are no coffee shops that accept a fraction of a share of Apple as payment, right?

But if you happen to hold Apple shares as your only investment, and then ran out of dollars/cash, ... you would need to sell some fraction of your Apple stock in order to get dollars to buy your coffee. Wouldn't it just be easier if there was an easy way to spend a fraction of your Apple stock for coffee then, in that instance?

If that were possible, does that mean people would go out and buy Apple stock so that they can pay for their coffee with it? No, if they have dollars, they would continue to use dollars to buy their coffee, and that's OK.

Now, ... let's say you were to get paid in Apple stock. This might be because you are a freelancer, and that's just the payment method that your client prefers to use when paying vendors. Who knows why,... let's just go with that, for conversation's sake.

So if you get paid in Apple stock, and then you can make your purchases using Apple stock, you are likely to keep most or all of your income in Apple stock until you spend it. Especially if you think Apple stock is a good investment.

Now some people are more sensitive to exchange rate fluctuations than others. For them, ... they don't want to lose money if Apple stock goes down in value, so they may want to convert their Apple stock into the dollar (which is known to be more stable) right after receiving the Apple shares as income. They can still, at a later time, convert some of those dollars back into Apple shares for buying coffee, ... but there's no real reason to do that.

So you are essentially correct. People will not use bitcoin for spending on things like coffee, except for those who earn in bitcoin and those who invest in bitcoin.

Well, who earns in Bitcoin today? That would be those who might:

  • earn interest from [decentralized lending]1
  • [freelance where the gig pays using bitcoin]2
  • freelance on a traditional freelancing site but [get paid in bitcoin thanks to BitWage]3
  • sell goods and services and get paid [using a bitcoin merchant processor]4
  • [work for a bitcoin company]5 that pays in bitcoin
  • work for a company that earns some of their revenue in bitcoin, and then prefers to pay vendors and employees from those bitcoin proceeds
  • be employed by a decentralized autonomous organization (DAO), which can only pay out in crypto, as it doesn't touch fiat and has no bank accounts
  • [do microtrasks]6 for bitcoin
  • be a content creator who earns bitcoin using a [bitcoin-based Patreon-like service]7 or [earns bitcoin with each view on their youtube channel, or web site]8
  • [fix software and earn a bounty]9
  • get [bitcoin back for fiat purchases]10
  • operate a mining operation, [tiny]11 or [large]12
  • [sell online using bitcoin]13
  • earn gains or dividends from stocks or ETFs bought on an American stock exchange through [Abra]14
  • buy and sell bitcoin on a [P2P Trading exchange]15
  • collect rent from [tenants who pay in bitcoin]16
  • earn profit from operating [bitcoin ATMs]17
  • earn from operating a bitcoin over-the-counter [OTC Trading desk]18
  • provide legal services such as [arbitration]19 or escrow
  • withdraw after gambling on [online poker]20 , [sporting events]21 , [games of chance]22 , etc.
  • earn from a "cam site"

- be awarded a prepaid gift card at work but can't use it so you use it to buy bitcoin

  • raised money through [crowdfunding]23
  • etc. (things are just getting started ....)

'''

Context Link

Go1dfish undelete link

unreddit undelete link

Author: /u/cointastical

1: lo*nscan*i*
2: med****com/@cointast*cal/**eelanc*n*-platforms-wh*ch*pay-i*-*i***in-**8b*56*66df
3: blog.bitwag**co*/2*1**02/*3/*et-p*id-fro**upwork-toptal-and*******her-f*eela*ce-marke*plac**wit***itwage
4: *it*ub.com*alexk11*/a**s*me*bit*oin**ay**nt-proces*ors
5: www.*r**t**ca*eers.com
6: microl*n***.io
7: b*tpatro*.c*
8: *u*l*shers*basi*atten*ionto*en*org
9: gi*c*in**o/pro*ucts
10: www.lo*l*.*om
11: h*ney*i*er*com
12: cr*pt*mining.**ol*/compar*-minin*-ha*d**re
13: ope*b*zaar.**m
14: www.a*ra*com/p*oduc*-*uid**abra-*to**-an*-e**-i*vesting
15: m*di*m.c*m/@coi**as*ical/p*p-ot*-*xch*nges***g-l*calbitco*ns-bisq-h**l**dl-e*c*2*f2*3a2c72e
16: www.t*eguardia*.com/****y/2017/se*/04/london**e*tal*tena*ts-*eposi***bit*o*n-colle**ive*r*n*
17: coin*tmr*dar.com/*h*p/buy-**t*oi**atm
18: m*d*um.c*m/@c*****stica**bi*co*n-cr*p*o-otc-tra*in*-desks-7f7*276c6dc
19: twi*t*r*com/O***om*an*/s**tus/11447*60586831*9009
20: *ww*be**nl*ne.*g/poker
21: nitrogen**o**s.eu
22: www.*igh*ning*pi*.co*
23: ta*lyco*in

Unknown links are censored to prevent spreading illicit content.


[Daily Discussion] Thursday, July 04, 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] Thursday, July 04, 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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[Altcoin Discussion] Thursday, July 04, 2019

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  • 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.
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