Planet Rugby Forum

Posted: **Thu Mar 01, 2018 3:36 am**

paddyor wrote:
pontifex wrote:Sorry mate. You don't understand it. First, no buyer of a 50cent album spent 7-8m on anything. I don't understand how you can make that mistake, but I'm guessing if you don't understand that, you won't understand the subsequent arguments.
Tut tut, Moving the goal posts now. You were making the argument that the transaction would increase the value of their (theoritical) other holdings. I.E they were happy to forego the gains of keeping the x amount of bitcoin because it was effectively an investment in the rest of their holding. Kind of the inverse of a share buy back.

FWIW, I think the whole story is bollox. LOOK EVERYBODY THIS GUY MADE 8M FROM 1 ALBUM SALE BY ACCEPTING BITCOIN!. Make no mistake, people are fucking stupid. Sure one fella on here was arguing that actually the buyers will have made out like bandits. It wouldn't surprise me in the least to discover that fiddy had a fortune on bitcoin and "blew it" down to 8m.

This held up well.....kind of. Fiddy now claiming in bankruptcy he has no Bitcoin at all and never did. Could be lying but I reckon it's the truth. I mean, if you were facing bankruptcy would you take a few bitcoin for promotion.....

Posted: **Thu Mar 01, 2018 1:49 pm**

Woori Bank successfully completed the overseas remittance test using the block chain technology of US start-up company 'Ripple'. The Digital Strategy Department, which is responsible for the test, expressed a positive attitude for introducing the technology in practice. As soon as possible, overseas remittances using the ripple solution will be commercialized this year. According to the SBI Group and Woori Bank on January 1, there are about 60 Japanese banks participating in the remittance test using this block chain technology. Among them, 37 banks participated in the overseas remittance test that Woori Bank participated in. The ripple network was well laid out in Japan, so Japanese banks were highly involved in the test. Non-Japanese banks included Woori Bank, Shinhan Bank and Siam Commercial Bank in Thailand.

In addition to Woori Bank, two or three Japanese commercial banks and Japanese Internet banking banks are positively considering introducing the technology into practice. A bank official said, "Since the test results were good, there are many banks to be commercialized in Japan," he said. "Several banks, such as two or three megabanks and Internet professional banks, are pushing to introduce the practice."

https://translate.google.com.au/transla ... rev=search

Posted: **Thu Mar 08, 2018 6:37 pm**

https://www.bloomberg.com/news/articles ... t-done-yet

Looks like this may be partially or largely responsible for the crash. Sold all my BTC and ETH. Taking a break from crypto investing, but not learning, for a little bit until a few things run their course, including improved NVTs.

Posted: **Fri Mar 09, 2018 2:36 am**

goeagles wrote:https://www.bloomberg.com/news/articles ... t-done-yet

Looks like this may be partially or largely responsible for the crash. Sold all my BTC and ETH. Taking a break from crypto investing, but not learning, for a little bit until a few things run their course, including improved NVTs.

I imagine it's a waste of time for a n00b at this point?

Posted: **Fri Mar 09, 2018 4:28 am**

Harveys wrote:
Woori Bank successfully completed the overseas remittance test using the block chain technology of US start-up company 'Ripple'. The Digital Strategy Department, which is responsible for the test, expressed a positive attitude for introducing the technology in practice. As soon as possible, overseas remittances using the ripple solution will be commercialized this year. According to the SBI Group and Woori Bank on January 1, there are about 60 Japanese banks participating in the remittance test using this block chain technology. Among them, 37 banks participated in the overseas remittance test that Woori Bank participated in. The ripple network was well laid out in Japan, so Japanese banks were highly involved in the test. Non-Japanese banks included Woori Bank, Shinhan Bank and Siam Commercial Bank in Thailand.

In addition to Woori Bank, two or three Japanese commercial banks and Japanese Internet banking banks are positively considering introducing the technology into practice. A bank official said, "Since the test results were good, there are many banks to be commercialized in Japan," he said. "Several banks, such as two or three megabanks and Internet professional banks, are pushing to introduce the practice."
https://translate.google.com.au/transla ... rev=search

I actually head someone ramping Ripple in lobby at work yesterday.

Posted: **Fri Mar 09, 2018 6:43 am**

Pat the Ex Mat wrote:
goeagles wrote:https://www.bloomberg.com/news/articles ... t-done-yet

Looks like this may be partially or largely responsible for the crash. Sold all my BTC and ETH. Taking a break from crypto investing, but not learning, for a little bit until a few things run their course, including improved NVTs.
I imagine it's a waste of time for a n00b at this point?

Long term I still think it's a good investment but I wouldn't buy in right now. I would read and learn as much as possible so that when market conditions improve, you're ahead of 90% of retail investors in crypto. I'd start with this book: https://www.amazon.com/Cryptoassets-Inn ... 260026671/

Posted: **Mon Mar 19, 2018 9:18 am**

When moon?

Posted: **Mon Mar 19, 2018 9:28 am**

ukjim wrote:moon lambos soon

I feel you player.

Posted: **Mon Mar 19, 2018 10:03 am**

Long bear coming on here. Maybe 2 years.

Posted: **Fri Mar 30, 2018 6:11 am**

sorCrer wrote:Long bear coming on here. Maybe 2 years.

What are you using the project that far out? NVTs still looking pretty bad though.

Posted: **Fri Mar 30, 2018 9:16 am**

Which exchange/wallet got hacked last week ? Guy I work with lost everything and is dealing with a NZ regulator ...

Posted: **Sat Mar 31, 2018 8:31 am**

sorCrer wrote:I think we can safely say that Bitcoin isn't a bubble? It's new technology, possibly a way in which we change our thinking about commerce, and it's here to stay.

No. It's a novelty use of public key encryption and nothing more.

As a technology, it has no general use for commerce or business outside a tiny, as yet unidentified, niche.

Posted: **Sat Mar 31, 2018 8:37 am**

Seneca of the Night wrote:Interesting generation millenials:

http://www.tonilane.com/bio

Where do you find this shit

Posted: **Sat Mar 31, 2018 12:11 pm**

Me defending my XRP position.

Posted: **Sat Mar 31, 2018 12:14 pm**

Harveys wrote:Me defending my XRP position.

Hodl and accumulate.

Posted: **Sat Mar 31, 2018 12:21 pm**

Seneca of the Night wrote:
sorCrer wrote:
Harveys wrote:Me defending my XRP position.

Hodl and accumulate.
He who owns the most of nothing wins.

Odd. I'd have thought you of all people should know that XRP isn't a genuine cryptocurrency and of all the currencies on offer has the clearest use case.

Posted: **Sat Mar 31, 2018 12:23 pm**

sorCrer wrote:
Harveys wrote:Me defending my XRP position.

Hodl and accumulate.

Hodling firm though not looking to expose myself further at this point in time.

Posted: **Sat Mar 31, 2018 12:50 pm**

sorCrer wrote:
Seneca of the Night wrote:
sorCrer wrote:
Harveys wrote:Me defending my XRP position.

Hodl and accumulate.
He who owns the most of nothing wins.
Odd. I'd have thought you of all people should know that XRP isn't a genuine cryptocurrency and of all the currencies on offer has the clearest use case.

SON is nothing if not consistent in his positon.

Posted: **Sat Mar 31, 2018 1:05 pm**

Harveys wrote:
sorCrer wrote:
Harveys wrote:Me defending my XRP position.

Hodl and accumulate.

Hodling firm though not looking to expose myself further at this point in time.

Same here. I'm done with buying Cryptos. I'll only lose 2,3 grand at worst.

Posted: **Sat Mar 31, 2018 2:34 pm**

sorCrer wrote:
Seneca of the Night wrote:
sorCrer wrote:
Harveys wrote:Me defending my XRP position.

Hodl and accumulate.
He who owns the most of nothing wins.
Odd. I'd have thought you of all people should know that XRP isn't a genuine cryptocurrency and of all the currencies on offer has the clearest use case.

Ripple has been ramped to the max

Posted: **Sat Mar 31, 2018 2:50 pm**

Anonymous. wrote:
sorCrer wrote:
Seneca of the Night wrote:
sorCrer wrote:
Harveys wrote:Me defending my XRP position.

Hodl and accumulate.
He who owns the most of nothing wins.
Odd. I'd have thought you of all people should know that XRP isn't a genuine cryptocurrency and of all the currencies on offer has the clearest use case.
Ripple has been ramped to the max

Serious. I presume you know how it works technically etc?

Posted: **Sat Mar 31, 2018 6:42 pm**

sorCrer wrote:
Anonymous. wrote:
sorCrer wrote:
Odd. I'd have thought you of all people should know that XRP isn't a genuine cryptocurrency and of all the currencies on offer has the clearest use case.
Ripple has been ramped to the max
Serious. I presume you know how it works technically etc?

Yeah. You talk up the Ripple product (XRP) and when the price goes up enough you dump it. Those left holding the baby end up saying "I'm in it for the tech" and can't understand why the price has fallen so much considering it's a real product being used by more and more banks.

Posted: **Sat Mar 31, 2018 7:32 pm**

Anonymous. wrote:
sorCrer wrote:
Anonymous. wrote:
sorCrer wrote:
Odd. I'd have thought you of all people should know that XRP isn't a genuine cryptocurrency and of all the currencies on offer has the clearest use case.
Ripple has been ramped to the max
Serious. I presume you know how it works technically etc?
Yeah. You talk up the Ripple product (XRP) and when the price goes up enough you dump it. Those left holding the baby end up saying "I'm in it for the tech" and can't understand why the price has fallen so much considering it's a real product being used by more and more banks.

I'm holding > 100k of them. Some which I bought at $0.06 I won't be dumping any. Same goes for ETH and Neo when the majority wake up and truly understand what decentralised distributed blockchain apps can so, there will be a rude awakening.

Posted: **Sat Mar 31, 2018 7:36 pm**

SorCrer

Do you guys use venmo in SA for person to person transactions?

Posted: **Sat Mar 31, 2018 7:58 pm**

argus wrote:SorCrer

Do you guys use venmo in SA for person to person transactions?

There is a version or similar called Slide. But no, I've never heard of it being used.

Posted: **Sat Mar 31, 2018 8:17 pm**

sorCrer wrote:
argus wrote:SorCrer

Do you guys use venmo in SA for person to person transactions?
There is a version or similar called Slide. But no, I've never heard of it being used.

Very popular here

Posted: **Sat Mar 31, 2018 9:48 pm**

sorCrer wrote:Same goes for ETH and Neo when the majority wake up and truly understand what decentralised distributed blockchain apps can so, there will be a rude awakening.

What can they do?

There will be no rude awakening. There are basically f*ck all business or commercial applications which benefit from using DL/blockchain tech. Proof-of-work makes absolutely no sense in a commercial/business environment and the alternative truly-distributed consensus algorithms aren't proven. The biggest "business" DL/smart contract platforms don't even bother and rely on a "centralized consensus" (sic) - with a vague promise of truly distributed consensus sometime in the future.

And this isn't from the lack of trying - a flood of money has been burned on DL/smart contract proofs of concepts and prototypes, etc. during the last two years without a single compelling legitimate application emerging except shyster and pump-and-dump schemes.

Posted: **Fri Apr 20, 2018 11:34 am**

Only stupid rich people will put electricity in their homes.

The motor car is interesting but will never replace a horse, it’s imptactical to have gas stations everywhere to fill them up. Horses eat grass and can go anywhere.

Business machines (computers) have no use in a home.

The telephone is a great invention but has no commercial application

People will be bored of the internet by 1996.

Cryptocurrencies are a fad
Bitcoin is just a bubble

Posted: **Fri Apr 20, 2018 12:28 pm**

BitCoin was a bubble. That's pretty obvious, no? That doesn't mean it won't stabalize and mabye even be useful in the future, mind you.

As far as the other quotes go, it's cherry-picking. Obviously there have been thousands have fads that were once big and then dissapeared almost out of all human thought.

I was listening to that BitCoin guru guy a while back. I can't remember his name. But he predicted huge swings to come. He even predicted that it might drop in price to be worth nearly nothing, and be totally written off before properly stabalizing, being constantly improved, etc. making a cautious come-back and eventually adopted as a useful technology sometime in the not-too-near future.

Personally, I don't know if it's going to be BitCoin specifically, but I'd be pretty surprised if we didn't see huge technological innovations in our currency systems in the future. I mean - that's the case for virtually everything else. I don't know why currencies and banking should be immune. One day bankers might be like the guys who used to make buggy whips. i.e. history. An obsolete profession.

Posted: **Fri Apr 20, 2018 12:34 pm**

Some of these articles are truly hilarious in retrospect. "Finnancial experts" at work...

https://99bitcoins.com/bitcoinobituaries/page/15/

Posted: **Fri Apr 20, 2018 12:37 pm**

derriz wrote:
sorCrer wrote:Same goes for ETH and Neo when the majority wake up and truly understand what decentralised distributed blockchain apps can so, there will be a rude awakening.
What can they do?

There will be no rude awakening. There are basically f*ck all business or commercial applications which benefit from using DL/blockchain tech. Proof-of-work makes absolutely no sense in a commercial/business environment and the alternative truly-distributed consensus algorithms aren't proven. The biggest "business" DL/smart contract platforms don't even bother and rely on a "centralized consensus" (sic) - with a vague promise of truly distributed consensus sometime in the future.

And this isn't from the lack of trying - a flood of money has been burned on DL/smart contract proofs of concepts and prototypes, etc. during the last two years without a single compelling legitimate application emerging except shyster and pump-and-dump schemes.

Sorry only saw this now.

They allow payments and application execution on the same decentralized platform. I could go on but you're clearly not interested.

Posted: **Fri Apr 20, 2018 12:45 pm**

Bitcoin was in a bubble last year because it's obsolete. There are a few ad hoc solutions to its obsolescence, but 1) these solutions will be beaten to market by more coherent solutions and 2) Bitcoin requires forks to have anything other than ad hoc, second layer solutions. The crypto market overall is not in a bubble, however, and financial entities from Deloitte to Christine LaGarde are positive about the long to medium term future of blockchains and DLTs. Deloitte, for instance has predicted that the market cap of blockchain or blockchain-like tokens will reach between 5 and 10 trillion in the next 5 years. Or, that 10% of global GDP will be stored on blockchains by 2025 (no mention of whether or not they predict these will be decentralized, however) https://twitter.com/Deloitte/status/866 ... gr%5Etweet

I won't shill all of what I predict will last the distance after the dust settles, but, for one example, the IOTA DAG has just had its first IOTA vehicle charging station installed in the Netherlands. VW, too, which is an official partner of IOTA, has announced that it will cover the US with charging infrastructure. IOTA is not my only guess, but it has major industry backing, is being tested in major cities in smart city programs (Taipei and partially Tokyo), and is well supported by German government insiders (and has legal Stiftung status in Germany). It may not succeed, and I may have placed the wrong bets, but it seems that people much smarter than any of us, with a lot more access to industry information, power and influence, are putting some faith in a blockchain-like technology, which is decentralized (well, kind of), to be a part of the future economy.

There'll be plenty of volatility along the way, much more than in any traditional markets, but these technologies are, in some cases, being rolled out, and adoption will depend on manufacturers who create the products we choose between.

Posted: **Fri Apr 20, 2018 1:23 pm**

sorCrer wrote:
Anonymous. wrote:
sorCrer wrote:
Anonymous. wrote:
sorCrer wrote:
Odd. I'd have thought you of all people should know that XRP isn't a genuine cryptocurrency and of all the currencies on offer has the clearest use case.
Ripple has been ramped to the max
Serious. I presume you know how it works technically etc?
Yeah. You talk up the Ripple product (XRP) and when the price goes up enough you dump it. Those left holding the baby end up saying "I'm in it for the tech" and can't understand why the price has fallen so much considering it's a real product being used by more and more banks.
I'm holding > 100k of them. Some which I bought at $0.06 I won't be dumping any. Same goes for ETH and Neo when the majority wake up and truly understand what decentralised distributed blockchain apps can so, there will be a rude awakening.

Posted: **Thu May 17, 2018 1:21 am**

Roubini shating this.

https://medium.com/cryptomedication/unc ... b56a7a00a2

Posted: **Thu May 17, 2018 5:27 am**

paddyor wrote:Roubini shating this.

https://medium.com/cryptomedication/unc ... b56a7a00a2

We're all well aware of tether issue and the relationship it has with Bitfinex. Roubini's 'revelations' are nothing new. In fact, if tether blows up the price will plummet. Not all exchanges use tether, I've never used it or needed to.

Posted: **Thu May 17, 2018 5:32 am**

paddyor wrote:Roubini shating this.

https://medium.com/cryptomedication/unc ... b56a7a00a2

And that opinion piece is full of outright lies.

Posted: **Thu May 17, 2018 5:38 am**

The real question of this thread, is, with all you smart lads having tons of cryptothings and given the gold rush of the whole thing, how many of you would now consider Globus (aka PR Wealthiest Member) a peon compared to yourself.

I mean, when i read some figures in here, the amount bought at the begning and the value now, how many in PR could actually buy the TOP 14 ?

I think we have a lot of millionnaires in here, if not billionnaires... that's weird, and rugby related, you could probably buy your national rugby team and make it win the 2019 RWC... or if not the national team, just buy Leinster or Racing, and win the HEC. That would end all the crap in supporter discussion as you could simply make it work the way you want ?

Why don't you do something like that, that would be funny, and with the rates of thecryptocurrencies and some of you being in since the begining, that would be a rather marginal part of your wealth isn't it ?

Posted: **Thu May 17, 2018 9:23 am**

sorCrer wrote:
paddyor wrote:Roubini shating this.

https://medium.com/cryptomedication/unc ... b56a7a00a2
And that opinion piece is full of outright lies.

So your counter-argument to a 4000 word opinion piece with about 30 linked articles is a laughing emoji...... Way to sell your point of view.

Posted: **Thu May 17, 2018 10:06 am**

The Sun God wrote:
sorCrer wrote:
paddyor wrote:Roubini shating this.

https://medium.com/cryptomedication/unc ... b56a7a00a2
And that opinion piece is full of outright lies.
So your counter-argument to a 4000 word opinion piece with about 30 linked articles is a laughing emoji...... Way to sell your point of view.

Nah I was in bed and on my phone.

Start at:

Bitfinex has just recently opened their website to accept new exchange accounts again (which was spontaneously closed on December 21st — odd timing, right?).

Posted: **Wed Jun 13, 2018 10:45 pm**

No idea if this is new news, old news, confirmation or what.

http://thehill.com/policy/technology/39 ... 017-run-up

Bitcoin’s massive price run-up late last year may have been the result of a price manipulation campaign, according to a new study released on Wednesday.

The paper by John Griffin, a finance professor at the University of Texas who has researched fraud in other markets, and graduate student Amin Shams, found that the virtual coin Tether was likely used to prop up Bitcoin prices late last year.

“By mapping the blockchains of Bitcoin and Tether, we are able to establish that entities associated with the Bitfinex exchange use Tether to purchase Bitcoin when prices are falling. Such price supporting activities are successful, as Bitcoin prices rise following the periods of intervention,” they wrote.

Griffin’s study didn’t have access to email, texts or other communications that would provide evidence that both organizations were involved in price manipulation, but instead analyzed transaction records stored on Bitcoin’s public ledger.

Industry players had questioned if Tether, a virtual “stablecoin” that aims to create a digital currency equivalent of the U.S. dollar, and the cryptocurrency exchange Bitfinex played a part in Bitcoin’s explosion in value in late 2017 and early 2018.

The Commodity Futures Trading Commission subpoenaed both Bitfinex and Tether in December, over concerns about if Tether is actually by the reserve of U.S. dollars it claims it has.

Bitfinex has denied being involved in any price manipulation schemes.

The CFTC and Securities and Exchange Commision have been ramping up their enforcement efforts against fraudulent cryptocurrency activity and scams as Bitcoin and other digital tokens gained prominence over the last year.

Bitcoin reached its peak price of almost $20,000 in December but is now trading at around $6,300 according to the Coin Market Cap.

Abstract here

This paper investigates whether Tether, a digital currency pegged to U.S. dollars, influences Bitcoin and other cryptocurrency prices during the recent boom. Using algorithms to analyze the blockchain data, we find that purchases with Tether are timed following market downturns and result in sizable increases in Bitcoin prices. Less than 1% of hours with such heavy Tether transactions are associated with 50% of the meteoric rise in Bitcoin and 64% of other top cryptocurrencies. The flow clusters below round prices, induces asymmetric autocorrelations in Bitcoin, and suggests incomplete Tether backing before month-ends. These patterns cannot be explained by investor demand proxies but are most consistent with the supply-based hypothesis where Tether is used to provide price support and manipulate cryptocurrency prices.

https://papers.ssrn.com/sol3/papers.cfm ... id=3195066

Planet Rugby Forum

€100 of Bitcoin in 2010 = €70m today

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