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Showing posts with label Crypto. Show all posts
Showing posts with label Crypto. Show all posts

July 20, 2017

Crypto Archive Post 023

Your dreams of a decentralized monetary system free from banks is just that – a dream. It will never happen. These people have hundreds of years of experience controlling currencies, economies, governments, and militaries. If for one second they perceive cryptos to be a threat to their system they will crash the whole shit to oblivion. 

The current ~$83 billion market cap is nothing. Bank of America alone could buy out the entire crypto market 3 times over. That’s ONE bank. There are thousands. You do not have the resources to compete with that kind of influence and power. Period. 

Your saving grace right now is that banks are viewing cryptos as an avenue to make more profit. Those of you who rage about “muh centralized/jew coins” like XRP or BNT are the biggest retards of all. All of your cryptos are absolutely worthless until converted to fia, which is the most centralized & manipulated Ponzi scheme of all fucking time. The sole purpose of any investment is to generate you more dollars. Your grocer/electrician/plumber/realtor etc doesn’t give a flying fuck how much ETH you have, it means nothing to them. 

You wanna get rich on cryptos? Follow the fucking (banks) money because they are the only ones who are going to succeed. The incessant theft, hacking, and scamming in the crypto world is GOING to bring regulation into this market, mark my fucking words. Only those who have (((their))) seal of approval are going to survive.
 Anonymous (ID: qY5ddfPP) 07/20/17 (Thu) 03:40:02 No.2829737

July 18, 2017

Back to Remind You Before the Weekly Crash

You Are Killing Crypto, Biz. All of these shitcoins and constant ICO have diluted the limited market demand for imaginary money. Even with the numbers from Asia BTC and Ether spiral down. Every Monday they bounce back a little lower. There are still a few people making money trading other coins, but the spike and the profits are getting weaker with each passing week. You know why but you just won't admit it. There is only a limited demand for cryptocurrencey. Why? Because it is too volatile for the general masses to depend upon. One day a coin buys a loaf of bread. The next month it buys a thousand. Useful currency does not behave like this over time. Stocks do, but not currency. It scares the average consumer away.

The idea that alt-coins are responsible for the demise of ether is on the right track, but misses the bigger picture.Look at BTC and the general trend on every other coin. Good money enters the system. It spends a short time as BTC or Ether and is then traded for alt-coins. A few people make some money and cash it out for gold or silver. The majority of everyone though just loses money and holds the bag. Almost every one reading this is losing money now. BTC loses value. Ether loses value, everyone goes broke, new coins rise, spike a little and then fade. All crypto loses value if you keep doing this.

One of two scenarios are going to happen. Either people start trading their alt-coins back for BTC, Ether and LTC and cryptos regain value, or people put their hopes in scores of new ICOs, they dilute the value by spreading out the limited demand, and every crypto fails. Then we can all go back to using BTC to buy suits of armor for our characters again.

So are you going to keep shooting yourself in the foot or maybe try making some of that money back that you've lost in the last couple of months?If it works you can buy in at the all time low and then sell high. You make the wrong decision, and the crash continues. Don't say I didn't warn you.

July 17, 2017

Holding IOTA

Plebbit user summed up pretty nicely why I am holding some IOTA:

I have been posting about IOTA since its market cap was 30 million. I have not sold a single iota yet, and I will explain why.

First of all the technology is the first true leap in fundamental distributed ledger architecture since Bitcoin itself. 
Sure there has been a lot of different experimentation and adjustments to the blockchain, but fundamentally all of them are still a blockchain, IOTA is not. IOTA resolved the scaling problems, the fee issue and the centralization issue, literally the top 3 concerns of blockchain that has kept it out of real world use forever. Even just solving one of them would be revolutionary, as is evident by hundreds of projects proclaiming to do just that, they solved all 3! It's hard to overstate, in fact almost hard to believe, until you look at the code and play with the protocol.

Secondly is the team, the entire core team of IOTA consist of blockchain veteran seminal thinkers who pioneered everything from full Proof of Stake to 2.0 functionality like Asset Management, Voting etc. as well as first movers in the field of combining distributed ledger tech with Identity, Internet of Things, Voting, Supply Chain before pretty much anyone else. They have consistently shown that they are years ahead of everyone in terms of vision and creating technology that enables the vision.

Thirdly look at the community and ecosystem. There is already 10s of thousands of people, their Slack alone got almost 7000 people and it is growing by hundreds each day. There is a 10 million dollar ecosystem fund for everyone to build projects on the platform. Finally they got real world companies involved, only Ethereum can rival them here. They are working with Microsoft, Bosch, Innogy, Ubuntu, Cisco, Thomson Reuters etc. before they even launched. Should you invest? Well, if you can show me anything that can beat this I will pay you 100 000 dollars of my own money just to be part of it.

I lost my Crypto

If you have lost money on crypto, don't worry, you have made something great.

You have actually given your money to smarter people than you, which improves his chances to survive and procreate by some % meanwhile decreases yours. Being smarter there is a chance too that they will invest the money taken from you to create value (because there is where real money is) instead of buying bullshit.

It's natural selection, you have made the humanity richer. Be happy about this because maybe this is your first and last time doing a positive impact to the world.

July 14, 2017

Ark: Masternodes

With all the hype around Masternodes, I have to wonder why more people aren't buying ARK...

It is essentially masternode-like system that is trustless, so if the price of the coin skyrockets, you don't have to fall for some retarded "shared masternode" scam where your coins can be stolen in a "masternode pool".

Once other masternode coins become too expensive, there will be no other way to run a masternode than to trust people with your coins. ARK uses DPoS, which lets you "stake" your coins with a delegate (akin to a pool operator), and you get ~10% annual gains like most masternode coins, but unlike them you don't risk losing anything except your interest because you're not sending your coins to some rando on the internet.

Also, we have our own delegate (biz_classic) for ARK that has been proven pretty trustworthy so far and has a pretty awesome website (http://classicdelegate.biz/).

Thoughts?
>>
Maybe shut the fuck up since some of us are accumulating still. We all know this coin will be a big deal. We don't need more cheerleaders. We need more Ark before normie faggots jump on.
>>
"Pump and dump" cryptocurrency schemes are illegal, and enforced by the SEC. If prosecuted, this can lead to jail time and fines.

>Can the SEC regulate crypto?
Yes. A security is defined using the Howey Test. The Supreme Court stated in Marine Bank v. Weaver, 455 U.S. 551, (1982), the definition is “quite broad” and meant to include “the countless and variable schemes devised by those who seek the use of the money of others on the promise of profits.”
For more information on SEC's enforcement against crypto, see:
https://www.sec.gov/investor/alerts/ia_virtualcurrencies.pdf

>But I don't live in the US.
The SEC enforces Security Fraud cases overseas. If there is a US victim, the scheme falls under SEC jurisdiction. Nearly every country cooperates with SEC investigations. For more information, see:
https://www.sec.gov/about/offices/oia/oia_crossborder.shtml

>I don't want to get arrested, what I can I do?
The SEC offers a whistleblower program. If you bring evidence that leads to a securities fraud conviction, you will avoid prosecution and you are eligible for a reward. Eligible whistleblowers are entitled to an award of between 10% and 30% of the monetary sanctions collected by the SEC and related law enforcement authorities. For more information, see:
https://www.sec.gov/about/offices/owb/owb-faq.shtml

>How do I whistleblow?
In order to qualify for an award under the whistleblower program, you must submit your information either through the online Tips, Complaints and Referrals questionnaire or by completing the hardcopy Form-TCR and mailing or faxing it to the SEC Office of the Whistleblower, 100 F Street NE, Mail Stop 5631, Washington, DC 20549, Fax (703) 813-9322.

>Who do I contact if I've been defrauded by a pump and dump?
You can provide tips at:
https://www.sec.gov/complaint/tipscomplaint.shtml
.
>>
>>2785502
nigger you're about to get reported to the SEC for spamming this bullshit in every thread
>>
>>2785502
nice just bought 100k
>>
>>2785468 (OP)
>Also, we have our own delegate (biz_classic) for ARK that has been proven pretty trustworthy so far and has a pretty awesome website (http://classicdelegate.biz/).
With regards to that, could some of us go to the *other* /biz/? I don't check 4chan often enough and I swear I am missing 2-3 threads with news regarding the delegate regularly.
>>
>>2785468 (OP)
Can you stop posting about this coin you faggots. We have our pool now stop publicising it for fuck sake. Let it rest for a few months and accumulate Jesus fucking Christ.
>>
>>2785583
>durrrr they're trying really hard to hide it, I better buy in
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>>2785583
i have 100+ eth i mined last year. Should I sell it and go all in on ark right now?

I already hold 4k ark
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>>2785516
There is no other biz.
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>>2785644
I wouldn't go all in, that's too risky and stupid in all cases. But I'd invest more in it. After all, Uncle Chang is on board.
>>
>>2785502
PnD's only matter if you make over $25,000.
They're not going to come after people for a jump from $10 to $100.
Plus, crypto does not fall under the same rules and regulations as stocks do, especially when it comes to daytrading.
You can't prosecute someone for rules that don't exist. BTC is listed as property in the US, not currency, therefore, for right now, there is no punishable offenses that can happen.
You can bet your ass those are going to change in the next year when BTC reaches $10k though.
>>
This thread is an organized pump and dump.

To other anons, do not buy this.
>>
>>2785699
>>2785699
IRS lists it as property. Read the links - SEC treats it as a security. They will (and do) investigate this.
>>
>>2785720
Show me a case where someone has been arrest for a PnD related to crypto.
Oh wait.
>>
>>2785724
It's already linked above
>>
Can someone drop a discord link for the biz_classic delegate?
>>
>>2785734
Post the link because all I see is your parroting something you know nothing about.
If you knew who you were talking to right now, you would feel like an absolute idiot.
>>
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>>2785705
>This thread is an organized pump and dump.
fucking off yourself you pajeet scamming fuck, a thread about discussing ARK is not a pnd you utter fucking mongoloid
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>>2785744
Let me guess, you some cooley-grad dui lawyer.
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>>2785772
I said post the link.
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>>2785778
Lol, I get a little close with that one? Have fun filing your expungements on Monday. I'll be in DC practicing real law.
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>>2785782
Exactly what I thought.
Have a great day, kid.
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>>2785782
>I'll be in DC practicing real law.
District of Calcutta fudding on /biz/ for pennies
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>>2785792
Ha, the butt hurt is amazing. You keep trying to pretend evidence isn't already out there. But go ahead, ask for the link again. Maybe it'll convince some naive 16 year old to use his allowance to buy your bags.
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>>2785795
Kek
>>
There's always an Ark thread where OP points out how the coins has potential and the first post is always something like "shut up some of us are still accumulating".
Hmm
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>>2785838
No, that's every coin ever. People will come along and say it when it isn't coordinated just because they want to shill it even if OP didn't intend to.
>>
>>2785838
like clockwork
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>>2785502
No, pump and dump schemes are illegal in regulated markets. Crypto isn't regulated
>>
>>2785838
It's part of the art of shilling.

At the same time, I really am still accumulating and motherfuckers need to pipe down about the biz pool
>>
>>2785870
Incorrect.
http://www.coindesk.com/florida-firm-triggers-sec-suspension-with-cryptocurrency-claims/
>>
>>2785871
The more people that join the pool the sooner we can get 2M votes and split the pool doubling our payout
>>
Ark is legit IMO, if they can deliver then it's going to be big. But that's the thing with all these cryptos, you've got to diversify because at the end it's still all about IF THEY CAN DELIVER
>>
>>2785889
Wait, how would that work?
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>>2785935
Two delegates goy.
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>>2785851
I never thought of this before. The thing is I'm genuinely fucking accumulating and these faggots keep making new threads about it.

I might try unironically shilling it in the next posts that way people will think it's a P&D and not read into it. Thanks anon
>>
>>2785889
That will take too much coordination, all though we did get into the top 51 in like 2/3 days so it might work out
>>
>>2786121
Pretty sure Moon and Chang will come up with a way to semi-automatize the process at the very least.
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>>2786115
It doesn't matter either way. The people that don't see ARKs potential will buy and sell several times over the years just as people are buying and selling LTC and ETH today, it's the people that brought LTC or ETH and held for years that make real gains.
>>
>>2786131
Now that I think about it, they could just send a message with the payment transactions.
>>2786133
That's why I don't give a shit about this dip, in fact I welcome it and hope it lasts for a few months so that I can accumulate more of a few coins/tokens, one of course being Ark.
>>
What do we think in September boys? I'm thinking $1.50
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>>2786173
Hopefully not, would be nice if it stays under $1 until December
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>>2786173
Hard to say because the bot manipulates Ark so much. It's certainly not going to be steady at $1.50 but I think it will hit that in September.
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>>2786173
Honestly I don't know or care, 2 years minimum until this takes off.
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>>2786173
Dunno, as a poorfag I'll need a lot of time to accumulate. So, I hope it stays low for a while.
>>
LMAO at these Arkies saying they're going to spending McDonalds paycheques 'accumulating' Ark for the next year....don't they know this project is just a spammed /biz/ memecoin? In 2-3 years they'll be in exactly the same position with a whole bunch of coins that aren't worth a shit
>>
>>2786276
Hey malarkie I missed you
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>>2786276
You're lost, this isn't the chancoin thread.
>>
>>2785502
How the fuck is ark a pnd? just because you were circumcised that doesn't give you permission to derail threads on 4chan.
>>
>>2785468 (OP)
>It is essentially masternode-like system that is trustless
Wow, a system I can't trust! Great sales pitch OP!
>>
>>2786451
You might be retarded
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>>2786451
Trustless means you don't have to rely on potentially shady fucks with your data and your money.
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>>2785468 (OP)
hello fren.... i hav many money i want to put in ark....
Where can i invest ! ... i want learn from smart ppl like u ... goodnight frend
>>
Trolls, haters, pajeets, larptards like shitting in good threads.
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>>2786550
pls sir... can buy ark frm u sir... pls post name n facebook... thks frend
>>
>>2785468 (OP)
could someone please explain why ark has value? Serious question. Most of the threads ive seen are somewhere along the lines of:

1. Flip that shit in a week i dont even care what this thing does
2. more convenient than using exchanges because SMARTBRIDGES
3. you can use ark to get more ark
4. its a coin designed to appeal to normies somehow
5. Its ETH for people who missed ETH
>>
>>2786672
Only three and four are CURRENTLY true. Others are works in progress.
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>>2785516
Dumbass fat fingered the payout on his first week to a single person, who got over 2000 ark and everyone else got nothing, so other /biz members started an alternative delegate to pick up his voters.
>>
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>>2786672
Do your own research and decide your yourself if it has any future potential.
I read about it and decided it was worth HODLing for a couple of years.
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>>2785468 (OP)
Because it wasn't masternode hype. It was pump cheap <10k sat coins that have masternode.
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>>2786723
It seems like a half-baked scam. Its trying to be ETH smartcontracts when we already have ETH smartcontracts.
>>
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>>2786772
Then don't buy.
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>>2785468 (OP)
I'm in, plus the two guys running the biz_classic are ok in my book. Bought into the recent dip, I think ARK has some really great potential.
>>2786690
This. Fuck that guy.
>>2786276
That may be, but where will you be if this thing takes off in a year? In other words, shut up.
>>
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>>2786777
Then I wont buy.

Why do arkies always do this? I always get some kind of variation of "educate yourself" or "do your own research" instead of some kind of actual argument.

I wish you fuckers would go bankrupt already. Only most of you seem to be onboard for "years" so im probably going to keep seeing these threads until reality sets in.
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>>2786801
Do you rely on /biz/ to spoonfeed you for every investment you make?
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>>2786811
I expect some kind of basic argument on why I should invest other than "here hold this bag for me"
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>>2786801
I hope you don't see these threads forever as I don't see the point in them myself.
The initial threads telling people about ARK, the biz delegate fucking people over and biz_classic becoming a delegate were all worth talking about but now there is nothing worth talking about until the next dev update.

As for
>Why do arkies always do this?
I just don't want to be another shill pushing a shitcoin on people, if you read about it yourself you make your own call on if it's worth buying or not. I see the delegate system as a solution to issues like BTC is having right now where the miners and users have a conflict of interest but at the end of the day the miners have all the power, with ARK we could just vote them out and implement any fork we want.
>>
>>2786801
Because for anyone that understands the tech and how it's going to be used you see how necessary it is.

ARK is the missing key
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>>2786816
Have you tried reading whitepapers?
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>>2786772
The fuck are you talking about. Ark doesn't have or pretend to have smart contracts. It just allows you to bridge them over from ETH, not replace them
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>>2786816
The guy isn't a salesman, go do your own research and I guess if you have any questions, ask away in a thread.
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>>2786835
>>2786828
>>2786825
>>2786854
>>2786864
>scam scam scam, we are exactly like etherium down to the smallest detail, scam scam, smartbridges let you connect to other blockchains just like you can do in etherium with smart contracts, only this time we named it smartBRIDGES so you would fall for it a second time, heres some stuff about pyramid schemes and multilevel marketing that is basically like our blockchain making blockchains that makes more blockchains, ark makes additional ark that is inherently inflationary, scam scam scam buy now or you will miss the boat
>>
>>2786881
Have a Snickers, Yui.
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>>2786881
Smart Bridges have NOTHING to do with Smart Contracts, goy.
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>>2786881
I love how many people get lost when it isn't DIGITAL GOLD anymore

Fucking bonobo
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>>2786881
How much is Lisk paying you?
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>>2786925
>>2786914
>>2786912
>>2786891
See this is that shit im talking about. Clearly im not "getting" it. Apparently you do do get it because you seem to have invested. What am I missing here? Instead of getting an actual reply with what im missing you just say "have a snickers" which makes me think im not actually missing anything, and the lot of you are retarded bagholders.

Smartbridges seem exactly like smart contracts. You can issue some kind of command to the network that then executes your request to the best of its abilities. This can also be sent to other blockchains, but you could already create ETH smartcontracts to interact with other blockchains. See Bancor as an example. This sounds exactly like a smart contract to me. How is it different?
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>>2786952
>could already create ETH smartcontracts to interact with other blockchains. See Bancor as an example. This sounds exactly like a smart contract to me. 

Since you don't understand how retarded this statement is, there's no point in me explaining it to you.

But don't worry, neither do 99% of people buying ARK, so you're not alone.
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>>2786451
Ultimate kek
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>>2786960
So mean~
I like it.
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>>2786816
>you're not selling me on this coin! Why aren't you acting like every other shill? 

Maybe because the people buying in don't give a shit about you and are simply buying because they like what they see.

Ark isn't the next ethereum. It's not supposed to be. Ark is intended to be the transport layer that makes liquidity/ value transfer between cryptos effortless in a way traditional currency transfer isn't and could never be. If you don't get what that means, either do your own research or don't buy in. It's your money, it's your choice.
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>>2786131
We have a plan, yes.
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>>2785468 (OP)
Because transfer coin is about 100000000% better.
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>>2786978
The maddening part is there is just enough complexity to ark to make me doubt myself. Like maybe if I just dig a little deeper it will all make sense.

Then I dig a little deeper and become even more convinced its a scam. Then I come back to find an ark board and you are all praising it like the second coming of christ. Then I start to question if I missed anything all over again. The cycle keep repeating itself.

Even worse is the fact that even if it is basically ETH 2.0 that doesnt mean ark is going to fail. ETH grew like 5400% in 6 months and there still isnt a compelling use case for smartcontracts.