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Can't be sure but 6200 looks like serious support. Bear in mind that it will only go down to the level of the early adopters and hodlers buy in. A lot of us are here for the tech.Rumham wrote:Where is this headed now, down to $4,000 or lower?
That's a lot lower than $4,000 then.sorCrer wrote:Can't be sure but 6200 looks like serious support. Bear in mind that it will only go down to the level of the early adopters and hodlers buy in. A lot of us are here for the tech.Rumham wrote:Where is this headed now, down to $4,000 or lower?
sorCrer wrote:Can't be sure but 6200 looks like serious support. Bear in mind that it will only go down to the level of the early adopters and hodlers buy in. A lot of us are here for the tech.Rumham wrote:Where is this headed now, down to $4,000 or lower?
Or, alternatively, a lot of the early lot cashed out when it was going nutssorCrer wrote:Can't be sure but 6200 looks like serious support. Bear in mind that it will only go down to the level of the early adopters and hodlers buy in. A lot of us are here for the tech.Rumham wrote:Where is this headed now, down to $4,000 or lower?
No we didn't. We're adopting the technology.croyals wrote:Or, alternatively, a lot of the early lot cashed out when it was going nutssorCrer wrote:Can't be sure but 6200 looks like serious support. Bear in mind that it will only go down to the level of the early adopters and hodlers buy in. A lot of us are here for the tech.Rumham wrote:Where is this headed now, down to $4,000 or lower?
In order for the BTC blockchain to work, somebody has to pay for the decentralised mining.Seneca of the Night wrote:You don't have to buy Bitcoin to have access to the tech.sorCrer wrote:Can't be sure but 6200 looks like serious support. Bear in mind that it will only go down to the level of the early adopters and hodlers buy in. A lot of us are here for the tech.Rumham wrote:Where is this headed now, down to $4,000 or lower?
But plenty O block chain isn't BTC .....sorCrer wrote:In order for the BTC blockchain to work, somebody has to pay for the decentralised mining.Seneca of the Night wrote:You don't have to buy Bitcoin to have access to the tech.sorCrer wrote:Can't be sure but 6200 looks like serious support. Bear in mind that it will only go down to the level of the early adopters and hodlers buy in. A lot of us are here for the tech.Rumham wrote:Where is this headed now, down to $4,000 or lower?
I presume you mean you don't have to use specifically Bitcoin Blockchain. No, you're not forced too. But you have to pay gas (ether) to run smart contracts on the Ethereum Blockchain which is awarded to the miner.bimboman wrote:But plenty O block chain isn't BTC .....sorCrer wrote:In order for the BTC blockchain to work, somebody has to pay for the decentralised mining.Seneca of the Night wrote:You don't have to buy Bitcoin to have access to the tech.sorCrer wrote:Can't be sure but 6200 looks like serious support. Bear in mind that it will only go down to the level of the early adopters and hodlers buy in. A lot of us are here for the tech.Rumham wrote:Where is this headed now, down to $4,000 or lower?
What's exasperating is your complete lack of technological understanding coupled recently with useless ad hominem attacks. Sounds like you're more of a talker than a doer.Seneca of the Night wrote:It's exasperating.bimboman wrote:But plenty O block chain isn't BTC .....sorCrer wrote:In order for the BTC blockchain to work, somebody has to pay for the decentralised mining.Seneca of the Night wrote:You don't have to buy Bitcoin to have access to the tech.sorCrer wrote:
Can't be sure but 6200 looks like serious support. Bear in mind that it will only go down to the level of the early adopters and hodlers buy in. A lot of us are here for the tech.
Nano has no mining and no one is paid to confirm the transaction.sorCrer wrote:I presume you mean you don't have to use specifically Bitcoin Blockchain. No, you're not forced too. But you have to pay gas (ether) to run smart contracts on the Ethereum Blockchain which is awarded to the miner.bimboman wrote:But plenty O block chain isn't BTC .....sorCrer wrote:In order for the BTC blockchain to work, somebody has to pay for the decentralised mining.Seneca of the Night wrote:You don't have to buy Bitcoin to have access to the tech.sorCrer wrote:
Can't be sure but 6200 looks like serious support. Bear in mind that it will only go down to the level of the early adopters and hodlers buy in. A lot of us are here for the tech.
Correct although they seem to think it will run on the goodwill of people. i.e donations etcgoeagles wrote:Nano has no mining and no one is paid to confirm the transaction.
How much per contract do you think it will cost ?I presume you mean you don't have to use specifically Bitcoin Blockchain. No, you're not forced too. But you have to pay gas (ether) to run smart contracts on the Ethereum Blockchain which is awarded to the miner.
No need for donations unless you consider someone running a node to be a donation. Most nodes would be expected to be run by businesses, although at the moment they are mostly run by Nano holders/enthusiasts.sorCrer wrote:Correct although they seem to think it will run on the goodwill of people. i.e donations etcgoeagles wrote:Nano has no mining and no one is paid to confirm the transaction.
It varies depending on processing power required. They're called smart contracts because they don't need human intervention once deployed. The contract itself can do things like get weather data or teh result of a horse race etc and action on this data.bimboman wrote:How much per contract do you think it will cost ?I presume you mean you don't have to use specifically Bitcoin Blockchain. No, you're not forced too. But you have to pay gas (ether) to run smart contracts on the Ethereum Blockchain which is awarded to the miner.
Other chains can run smart contracts can't they (typing "smart" made me cringe) , it's just a bloody contract.
The other issue is we are back to circular dilemma ; if the contract is uber successful then a lower coin price has to be demanded for the success to continue or the stuff will be taken to a private chain.
sorCrer wrote:It varies depending on processing power required. They're called smart contracts because they don't need human intervention once deployed. The contract itself can do things like get weather data or teh result of a horse race etc and action on this data.bimboman wrote:How much per contract do you think it will cost ?I presume you mean you don't have to use specifically Bitcoin Blockchain. No, you're not forced too. But you have to pay gas (ether) to run smart contracts on the Ethereum Blockchain which is awarded to the miner.
Other chains can run smart contracts can't they (typing "smart" made me cringe) , it's just a bloody contract.
The other issue is we are back to circular dilemma ; if the contract is uber successful then a lower coin price has to be demanded for the success to continue or the stuff will be taken to a private chain.
There are many failings in cryptocurrencies including ETH but the potential has been identified and further iterations should iron out problems.bimboman wrote:sorCrer wrote:It varies depending on processing power required. They're called smart contracts because they don't need human intervention once deployed. The contract itself can do things like get weather data or teh result of a horse race etc and action on this data.bimboman wrote: How much per contract do you think it will cost ?
Other chains can run smart contracts can't they (typing "smart" made me cringe) , it's just a bloody contract.
The other issue is we are back to circular dilemma ; if the contract is uber successful then a lower coin price has to be demanded for the success to continue or the stuff will be taken to a private chain.
My point is it cannot rest again in the market price of a coin. Do you sort of agree that the cost has to be commensurate to the benefit.
I understand it can take variables in an automated fashion. However it makes me cringe.
It will go down to where it will go down..sorCrer wrote:Can't be sure but 6200 looks like serious support. Bear in mind that it will only go down to the level of the early adopters and hodlers buy in. A lot of us are here for the tech.Rumham wrote:Where is this headed now, down to $4,000 or lower?
Been really excellent. I bought 18000 at 0.73 and they just hung around for 2-3 days. Wake up this morning and they fire up to 1.22. I got out at 1.14 and now trading around the 1.10 markCartman wrote:XRP seems to be doing something and unlike usual the others aren't
What are the RSA tax implications on this ? Is it seen as trade profits, or capital gains ?sorCrer wrote:Been really excellent. I bought 18000 at 0.73 and they just hung around for 2-3 days. Wake up this morning and they fire up to 1.22. I got out at 1.14 and now trading around the 1.10 markCartman wrote:XRP seems to be doing something and unlike usual the others aren't
Important notice
Bitgrail S.r.l. Informs its users that internal checks revealed unauthorized transactions which led to a 17 million Nano shortfall, an amount forming part of the wallet managed by Bitgrail S.r.l.
Today a charge about those fraudulent activities has been submitted to the competent authorities and now is under police investigation.
We inform you that the other currencies have not been involved.
In order to conduct further verifications, all the activities will be temporarily suspended (including withdrawals and deposits). This procedure is indispensable for users security.
We do offer our full and sincerest apologies to our customers and to whom has been involved into the illegal transfers of Nano occurred on our platform.
Other announcements will be released shortly.
Thank you for your attention.
BitGrail was the fifth most popular exchange for XRB trading according to Coinmarketcap, however the volume has now been amended to zero. With a market valuation today of $10 per XRB, the to, al loss is estimated to be $170m.
The Nano Core team were informed by the owner of BitGrail, Francesco “The Bomber” Firano of the loss on Thursday. In a blog update they report that the fault appears to be related to BitGrail’s software. In private correspondence, Firano allegedly inquired as to the possibility of modifying the ledger in order to cover his losses, but the development team responded that this line of action:”s not possible, nor is it a direction we would ever pursue.”
The blog posts then makes subtle accusations regarding the legitimacy of the hack, stating that:
“We now have sufficient reason to believe that Firano has been misleading the Nano Core Team and the community regarding the solvency of the BitGrail exchange for a significant period of time.”
The team adds that criminal investigations are underway:
“Our team promptly contacted law enforcement and we are fully cooperating with law enforcement on this matter….We are preparing all information we have on the matter such as blockchain entries, screenshots, and chat logs”
Following the loss of XRB Bitgrail has claimed insolvency and is not in operation, whilst unofficial sources claim that the exchange had been insolvent months earlier. The source in question claims to have discovered that the account from which user funds had supposedly been lost funds, (BitGrail Representative 1), had multiple transactions of large even numbers, (e.g. 3000, 5000, 8000 XRB) to the Mercatox exchange. He/ she describes this behavior as suspicious, adding that:
“It certainly doesn’t look organic.”
What is this?bimboman wrote:The Camorra coin looks good.
Let's be honest there's a whole heap,of theft going on isn't there. ?
sorCrer wrote:What is this?bimboman wrote:The Camorra coin looks good.
Let's be honest there's a whole heap,of theft going on isn't there. ?
Eh? It has a last recorded market cap of $351 and from what I can tell hasn't been traded since Sept 2015.bimboman wrote:sorCrer wrote:What is this?bimboman wrote:The Camorra coin looks good.
Let's be honest there's a whole heap,of theft going on isn't there. ?
A bit of a jibe at the criminal opportunities available with crypto coins currently.
You would want to do the laundering soon. The major economies will put pressure on the companies registered in their jurisdiction to apply serious KYC legislation. This will push the companies to those ultra secure countries like Russia, Ukraine, and China.ukjim wrote:tbf buying hashing power and coin tumbling is a very good way to launder money...
I've had to KYC every exchange account I've created since 2013.Leinster in London wrote:You would want to do the laundering soon. The major economies will put pressure on the companies registered in their jurisdiction to apply serious KYC legislation. This will push the companies to those ultra secure countries like Russia, Ukraine, and China.ukjim wrote:tbf buying hashing power and coin tumbling is a very good way to launder money...
That's what we were told!Santa wrote:I was convinced that this time things would be different.
https://t.co/Aq6wmqNouNWe’re excited about our work with @WesternUnion towards a pilot implementation of xRapid, which uses $XRP in payment flows.