Groestlcoin Forum

Groestl => General Discussion => Topic started by: indiamikezulu on February 28, 2017, 12:47:57 am

Title: Daily Crypto Nooooooz
Post by: indiamikezulu on February 28, 2017, 12:47:57 am
My outfit -- 'IndiaMikeZulu' -- talk about altcoins versus Bitcoin all the time: the future of established altcoins is looking very very good. One reason is what we term 'cascade': Bitcoin's seg wit implementation remains months away, but check the unconfirmed transactions!!

https://blockchain.info/charts/mempool-count?timespan=all

Four of the biggest spikes in unconfirmed transactions have happened in just the last five weeks, and the last spike blasted from about 70K to way over 100K.

This means that as the financial crisis, which is growing steadily worse, sends capital to cryptographic currencies, more and more of that capital will 'cascade' down from Bitcoin, down through the Top Ten, and further down the charts.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on March 01, 2017, 12:35:30 am
What price will Bitcoin be on March the 22nd? (a week or so after the W'voss ETF Thang?)

This competition may not catch on. Let's see.

B.N. calls '$0.' '$700 some time this year'

Sabretooth calls 'lower than people think. Big buy-in opportunity in coming months.'

IMZ: new guess, me -- $800? See 'Noo Info' just below

Some Guy Named 'Bogart': 'not slump more than 10%' [ http://www.etf.com/sections/features-and-news/bitcoin-etfs-dummies?nopaging=1 ]


Noo Info

To begin, we reckon: W’voss ETF? No – so that’s a negative.


EDIT (my error): Will the restrictions on Chinese exchanges be simply lifted this month? or will the drama continue?

‘ . . . the suspension could either be cleared before the one month period or could potentially last longer than the original one-month timeline.’
https://cointelegraph.com/news/bitcoin-price-recovers-in-china-making-up-for-huobi-okcoin-withdrawal-suspension


‘BTC China did not give a timing for when any upgrade would be completed.’
https://www.bloomberg.com/news/articles/2017-02-10/china-bitcoin-exchanges-halt-withdrawals-after-central-bank-talk

[I put a couple of questions up on Reddit.]

Otherwise . . . I wonder if folks are keeping in the mind other generally positive situations, like le Pen’s popularity in France? And the March 15th end to the U.S. ‘debt-ceiling’ holiday, which will bring attention to the claims that Trump’s stimulus promises can’t be fulfilled.

Title: Re: Daily Crypto Nooooooz
Post by: jwinterm on March 01, 2017, 01:07:24 am
I'll say $1800. If you set a thread up on reddit /r/groestlcoin I will put up 1000 GRS for whoever guesses the closest (pretty sure I have over 1k in tipbot there).
Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on March 01, 2017, 11:49:26 am
900$
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on March 02, 2017, 08:50:42 am
The Bitcoin-price-in-mid-March-thing

Negatives:

The end of the withdrawal suspension in China: situation unclear, me still looking for data
The failure of the W’voss-ETF application: seems pretty clear it won’t be approved
The it’s-not-slowing-down-at-all problem of unconfirmed Bitcoin transactions.

Positives:

I suggest a gaggle of macroeconomic factors, like the mid-March-U.S. end of the debt-ceiling holiday, are more and more so the 'broader base' that will reduce the impact of 'single' events like drama in China.

And stuff like this will be a ‘tsunami’: https://www.thenewamerican.com/usnews/congress/item/24970-teamsters-pension-plans-seek-massive-cuts-to-retirees-to-stay-solvent

And in Europe, ‘ . . . unease with immigration and disillusionment with the European Union are rife . . . ’ http://www.thespec.com/news-story/7162212-dutch-far-right-icon-geert-wilders-could-win-most-seats-in-netherlands-election/
The Euro is a dead man walking.

A Note About Wilders etc: It's just coincidence, guys, that I am focussing on Wilders at this second. My interest in this political situation is intense, and goes back a decade. And Australia is at this second experiencing an almost exact parallel to The Wilders Thing.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on March 02, 2017, 08:53:34 am
What price will Bitcoin be on March the 22nd? Well . . . Groestl Coin's birthday


B.N. calls '$0.' '$700 some time this year'

Sabretooth calls 'lower than people think. Big buy-in opportunity in coming months.'

IMZ: new guess, me -- $800?

Some Guy Named 'Bogart': 'not slump more than 10%' [ http://www.etf.com/sections/features-and-news/bitcoin-etfs-dummies?nopaging=1 ]

jwinterm: $1800

jackie: $900
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on March 03, 2017, 12:54:54 am
What price will Bitcoin be in Mid-March?


B.N. calls '$0.' '$700 some time this year'

Sabretooth calls 'lower than people think. Big buy-in opportunity in coming months.'

IMZ: new guess, me -- $800? I can't play anymore 'cause there's a tiny prize up for grabs

Some Guy Named 'Bogart': 'not slump more than 10%' [ http://www.etf.com/sections/features-and-news/bitcoin-etfs-dummies?nopaging=1 ]

jwinterm: $1800

jackie: $900

Rat (a Tux Exchange dev): $1000
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on March 03, 2017, 03:40:47 am
https://news.bitcoin.com/happened-to-bitcoin-in-china-2017/
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on March 04, 2017, 12:56:49 am
Goodness! Saturday morning. Now got the Guessing-Game running across five sites, though in 'generic' versions elsewhere: without mentioning GRS. Back shortly.

Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on March 04, 2017, 03:18:50 am
What price will Bitcoin be in Mid-March?


B.N. calls '$0.' '$700 some time this year; but for mid-March, $1337.'

Sabretooth calls 'lower than people think. Big buy-in opportunity in coming months.'

IMZ: new guess, me -- $800? but I can't play anymore 'cause there's a tiny prize up for grabs -- but may I note that my eight hundred came from assuming a drop in a Bitcoin price that has risen rather more than I thought it would!

Some Guy Named 'Bogart': 'not slump more than 10%' [ http://www.etf.com/sections/features-and-news/bitcoin-etfs-dummies?nopaging=1 ]

jwinterm: $1800

jackie: $900

Rat (a Tux Exchange dev): $1000

mini (another Tux dev): $1600 or better

doc: $1503

sphericon [EDIT: $1750] -- s/he notes this: https://www.google.com.au/search?q=GBTC+bitcoin+investment+trust&rlz=1C1CHBD_en-GBAU726AU726&oq=GBTC+bitcoin+investment+trust&aqs=chrome..69i57.3617j0j7&sourceid=chrome&ie=UTF-8

Eddie13: $713.13
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on March 06, 2017, 01:08:54 am

https://cointelegraph.com/news/to-the-moon-analysts-optimistic-towards-bitcoin-etf-approval-50-percent-probability

Planet-Krypto articles seem more upbeat, Wall-Street articles seem less so. I suspect the Wall Street guys are making better estimations.

Meanwhile, we have forthcoming (a) the end of the U.S. debt holiday, and (b) the possibility of some folks in China cashing out in frustration as the Chinese exchanges re-open withdrawals, and (c) the Dutch elections, and (d) the likelihood of the U.S. Fed. Reserve increasing interest rates.

(And here in Oz, the West Australian elections will feature Hanson, the Australian anti-Left contender. Her increasing popularity mirrors that of Trump and le Pen. Watch this space!)
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on March 07, 2017, 01:23:46 am
http://bitcoin-daytrading.com/bitcoin-etf-done-deal/
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on March 07, 2017, 08:08:32 am
https://themerkle.com/top-3-bitcoin-etfs-awaiting-sec-approval/

Wow, if not the W'voss ETF, then the next and the next. Researching this has been most interesting.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on March 08, 2017, 03:48:46 am
Okay! The Guesses above are correct: sphericon's has been changed.



Here's the morning nooooz


‘The US Securities and Exchange Commission's decision on the much-anticipated bitcoin exchange-traded fund (ETF) is expected by Friday . . . ‘

http://www.coindesk.com/sec-decide-bitcoin-etf-fate-friday/


And you guys can help me figure this one out. Two articles, quite opposite in tone, but both reporting the same news:

https://cointelegraph.com/news/china-hints-at-bitcoin-licensing-forgiving-attitude-to-exchanges

https://blog.fxopen.com/bitcoin-drops-on-pboc-waits-etf/
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on March 09, 2017, 07:25:33 am
What price will Bitcoin be in Mid-March?


B.N. calls '$0.' '$700 some time this year; but for mid-March, $1337.'

Sabretooth calls 'lower than people think. Big buy-in opportunity in coming months.'

IMZ: new guess, me -- $800?
but I can't play anymore 'cause there's a tiny prize up for grabs -- but may I note that my eight hundred came from assuming a drop in a Bitcoin price that has risen rather more than I thought it would!

Some Guy Named 'Bogart': 'not slump more than 10%' [ http://www.etf.com/sections/features-and-news/bitcoin-etfs-dummies?nopaging=1 ]

jwinterm: $1800

jackie: $900

Rat (a Tux Exchange dev): $1000

mini (another Tux dev): $1600 or better

doc: $1503

sphericon [Edit: $1750]

Eddie13: $713.13

jamesm225: $2000 (provisional guess -- watch this space)


Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on March 11, 2017, 12:50:45 am
What price will Bitcoin be in Mid-March?


B.N. calls '$0.' '$700 some time this year; but for mid-March, $1337.'

Sabretooth calls 'lower than people think. Big buy-in opportunity in coming months.'

IMZ: new guess, me -- $800?
but I can't play anymore 'cause there's a tiny prize up for grabs -- but may I note that my eight hundred came from assuming a drop in a Bitcoin price that has risen rather more than I thought it would!

Some Guy Named 'Bogart': 'not slump more than 10%' [ http://www.etf.com/sections/features-and-news/bitcoin-etfs-dummies?nopaging=1 ]

jwinterm: $1800

jackie: $900

Rat (a Tux Exchange dev): $1000

mini (another Tux dev): $1600 or better

doc: $1503

sphericon $1750

Eddie13: $713.13

jamesm225: $2000 (provisional guess -- watch this space)
Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on March 11, 2017, 12:45:35 pm
No BTC price crash?
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on March 13, 2017, 01:51:53 am
What price will Bitcoin and GRS be on March 22?


GRS's Price IMZ offers a one-thousand GRS price (but he's not allowed to win)

IMZ: wait!

exemplaar: 340 satoshi



Bitcoin's Price

B.N. calls '$0.' '$700 some time this year; but for mid-March, $1337.'

Sabretooth calls 'lower than people think. Big buy-in opportunity in coming months.'

IMZ: new guess, me -- $800?
but I can't play anymore 'cause there's a tiny prize up for grabs -- but may I note that my eight hundred came from assuming a drop in a Bitcoin price that has risen rather more than I thought it would!

Some Guy Named 'Bogart': 'not slump more than 10%' [ http://www.etf.com/sections/features-and-news/bitcoin-etfs-dummies?nopaging=1 ]

jwinterm: $1800

jackie: $900

Rat (a Tux Exchange dev): $1000

mini (another Tux dev): $1600 or better

doc: $1503

sphericon $1750

Eddie13: $713.13

jamesm225: $2000 (provisional guess -- watch this space)

ExploitAgency: $1111
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on March 13, 2017, 02:06:45 am
No BTC price crash?

Apparently not, Jackie!

And my goal here? I think the general crypto-analysis skills of this community should be brought to bear as the trickle of newcomers becomes a flow.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on March 15, 2017, 01:17:33 am
What price will Bitcoin and GRS be on March 22?


GRS's Price IMZ offers a one-thousand GRS price (but he's not allowed to win)

IMZ: 500

exemplaar: 340 satoshi

hterw: 800


Bitcoin's Price jwinterm offers a one-thousand GRS price

B.N. calls '$0.' '[$700 some time this year; but for mid-March, $1337.'

Sabretooth calls 'lower than people think. Big buy-in opportunity in coming months.'

IMZ: new guess, me -- $800? but I can't play anymore 'cause there's a tiny prize up for grabs -- but may I note that my eight hundred came from assuming a drop in a Bitcoin price that has risen rather more than I thought it would!

Some Guy Named 'Bogart': 'not slump more than 10%' [ http://www.etf.com/sections/features-and-news/bitcoin-etfs-dummies?nopaging=1 ]

jwinterm: $1800

jackie: $900

Rat (a Tux Exchange dev): $1000

mini (another Tux dev): $1600 or better

doc: $1503

sphericon $1750

Eddie13: $713.13

jamesm225: $2000 (provisional guess -- watch this space)

ExploitAgency: $1111

hterw:
$1,225

V905: $1,275
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on March 17, 2017, 01:27:18 am
Okay, let's close the books. 'V905,' from the Tux troll box, got the last Guess in.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on March 22, 2017, 07:18:36 am
Jackie should have the winning prices shortly. ExploitAgency will likely win the Btc Guess, and hterw will win the GRS Guess.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on March 23, 2017, 04:27:29 am
Jackie should have the winning prices shortly. ExploitAgency will likely win the Btc Guess, and hterw will win the GRS Guess.

Bingo! ExploitAgency and hterw were the winners, and I'm arranging the transfer of the prizes. Both great guesses, guys!
Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on March 23, 2017, 09:10:08 pm
GRS price 22 March: 620 sat
BTC price 22 March: 1011 USD

Congrats ExploitAgency and hterw !!
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on March 24, 2017, 07:07:18 am
The Bitcoin-HF Thang

Us IndiaMikeZulu guys sure are following this with interest. If you have news or opinions, please do post them:

http://www.coindesk.com/bitcoin-core-roadmap-unveils-signature-optimization-plan/
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on March 25, 2017, 02:01:41 am
Here is Cryptodinamika's 'Groestlcoin Doodle': https://www.youtube.com/watch?v=GaSJjrbxP3Y&feature=youtu.be
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on March 26, 2017, 12:40:32 am
'BTC/BTU pair is already available for trading on the exchange.' Wow!!

https://cointelegraph.com/news/bitcoin-unlimited-derivative-introduced-ahead-of-possible-hard-fork
Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on March 26, 2017, 12:26:30 pm
'BTC/BTU pair is already available for trading on the exchange.' Wow!!

https://cointelegraph.com/news/bitcoin-unlimited-derivative-introduced-ahead-of-possible-hard-fork
Interesting
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on March 30, 2017, 08:28:12 am
Little Report

Just got back from a rare trip to the city; and, in respect of crpyto adoption:

[sigh] Australians are bliss ninnies floating in an ocean of ignorance and debt-fuelled affluence. So, in respect of cryptos, mass adoption is not coming soon (and certainly not on top of the already technically complex nature of daily life!). It will be the 'smart money' -- Wall Streeters and libertarians -- who will drive adoption until the economy significantly worsens.





Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on March 31, 2017, 04:11:30 am
An Update on Our Exchanges

Have I got the following right?

'Litebit' is listed on Bitcointalk's ANN thread Page One -- but I don't think GRS is still traded there.

Bitsquare has become 'bisq.'


And a thing about Cryptopia:

it has the only 'auto-generated' trading-pairs that I know of. That means that if a crypto is listed as a base-coin on Cryptopia, then every other crypto listed on C. can be traded against that base-coin.

Now, the following is cheeky -- and let's see if anyone is reading here:

most of the 'auto-pairs' are not active. But sometimes, it seems, bots put little bids up. These pairs are easy to pick because the buy-sell splits are insanely wide. And you can put bids on the 'bottom' side, and sometimes pick up a few coins at a very low price.

And if anyone is interested, there's an UNO-GRS pair.

And I just contacted Cryptopia's Support, to ask them how we'd get a USDT-GRS pair -- answer: if we get enough volume

Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on March 31, 2017, 10:08:57 am
An Update on Our Exchanges

Have I got the following right?

'Litebit' is listed on Bitcointalk's ANN thread Page One -- but I don't think GRS is still traded there.

Bitsquare has become 'bisq.'


I asked the team to remove litebit. Bitquare is not officially renamed yet (see their website and software), when they do then we can rename it.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on April 01, 2017, 03:12:23 am
An Update on Our Exchanges

Have I got the following right?

'Litebit' is listed on Bitcointalk's ANN thread Page One -- but I don't think GRS is still traded there.

Bitsquare has become 'bisq.'


I asked the team to remove litebit. Bitquare is not officially renamed yet (see their website and software), when they do then we can rename it.

Thanks, Jackie.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on April 01, 2017, 03:21:54 am
'Zero Hedge' articles should always be cross-referenced -- so here's a secondary article: http://www.huffingtonpost.com/georges-ugeux/will-italy-provoke-a-syst_b_13298224.html

The point, though, is that the ZH article really puts its finger on the sore spot: the Eurozone is disintegrating (carefully chosen word!). The long-lunch-o-crats are desperate to delay the collapse. French and German elections are coming. So, ripping off a bunch of small-investors' savings -- a la Cyprus in 2013 -- isn't gonna go well.

'As Italy considers options to recapitalize its banks, the Texas ratio, a measure of bad loans as a proportion of capital reserves, illustrates the scale of the problem. A figure above 100 percent is a warning signal the banks need a solution quickly . . . '

https://www.bloomberg.com/news/articles/2016-07-06/italian-banks-rank-among-worst-in-europe-by-texas-ratio-chart


' . . . before public funds are injected into a bank, shareholders and creditors must be bailed in for a minimum amount of 8% of total liabilities, as famously happened in the rescue of Cyprus’ banking system in 2013.

The Italian government knows that this approach could end up wiping out retail investors (otherwise known as voters) who were missold, in many cases fraudulently, subordinated bonds by cash-hungry banks in the wake of the last crisis, in turn wiping out the government’s votes. To avoid such an outcome, the government has proposed compensating those retail bondholders with public funds, just as the Spanish government did with the holders of preferente bonds. Which, of course, is in direct contravention of EU laws.

So far, the European Commission has stayed silent on the issue, presumably in the hope that the resolution of Italy’s financial sector can be held off until at least after the French elections in late April, if not the German elections in September.'

http://www.zerohedge.com/news/2017-03-30/here%E2%80%99s-why-italy%E2%80%99s-banking-crisis-has-gone-radar
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on April 02, 2017, 01:45:29 am
Well . . . gotta start somewhere:

GRS = 178K per oz. gold

GRS = 7,250 per ETH


ETH-GRS trades? High-falutin' tech crypto against solid currency? PM me.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on April 02, 2017, 04:57:48 am
https://cointelegraph.com/news/bitcoin-unlimited-hard-fork-should-i-do-something-about-it

Note this graph: https://coin.dance/blocks

My outfit are taking this v. seriously. Apart from some Bitcoin on exchanges, to trade with, I am 'post-Btc.' So, if you're interested in P2P trades, tell me.
Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on April 02, 2017, 06:36:51 pm
https://cointelegraph.com/news/bitcoin-unlimited-hard-fork-should-i-do-something-about-it

Note this graph: https://coin.dance/blocks

My outfit are taking this v. seriously. Apart from some Bitcoin on exchanges, to trade with, I am 'post-Btc.' So, if you're interested in P2P trades, tell me.

Do u expect a hard fork on BTC?
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on April 03, 2017, 06:31:03 am
Morning, Jackie. I sure hope it doesn't happen.

But a range of exchanges have readied themselves, and the 'BTU futures' token is already trading (though its price is weakening).

I think more to the point is just how messy a split could be for a crypto that has 99% of its trading in Btc. Our present 'entry' is solely via Bitcoin; and my Australian 'fiat-crypto' exchange, for example, emailed me that they'll suspend all Btc trading, until the situation is clear, if a split occurs. (Probably only two or three days though.)

And even in the meanwhile, we are two years into the transaction-scaling debate, and no clear solution is on the horizon. So, as they say, 'An abundance of caution.'

[ This morning: https://cointelegraph.com/news/chinese-exchange-huobi-asks-bitcoin-core-expert-to-address-scaling-issues ]
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on April 04, 2017, 01:44:57 am
'The percentage of the litecoin network signaling to enact the Segregated Witness (SegWit) upgrade reached record highs today according to Litecoinblockhalf.com, climbing to 58.33% of nodes and miners operating the software.

The figures mark a notable jump from last week when only around 25% of devices keeping track of the network's history were signaling for activation. Much of the increase comes from large mining pool F2Pool's decision to signal.'

http://www.coindesk.com/litecoin-spike-support-scaling-segwit/
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on April 05, 2017, 02:24:00 am
Lonely Highway Delivery Guy

LHDG is a mate of mine because . . . I live on the lonely highway. And . . . LHDG owns a pot of crypto. Yesterday, she turned up with a 10-oz bar of silver, looking to buy some GRS as a part of the 'occasional trader-merchant project.' My suggestion was to wait, to see how the price holds.

However, I may sell her some GRS from my 'vault' at a discounted price, just to get her in the game. Watch this space.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on April 06, 2017, 12:59:45 am
a total rejection of the European Union in its current form by a string of candidates ranging from hard-Left through the centre to the hard-Right.

The dying Socialist Party can no longer hold on to its working-class base with implausible pledges for a better 'Europe'. Voters are defecting to ex-Trotskyist Jean-Luc Mélenchon - leader of the aptly named 'France Insoumise' (Unsubjugated France) - who calls the EU an "open-air prison".

http://www.telegraph.co.uk/business/2017/04/05/france-now-eurosceptic-nation-whoever-wins-election/

[I wonder if they'll need a new currency? Maybe . . . something cryptographic?]
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on April 06, 2017, 01:19:57 am
No agenda here, guys. I just think that The Whole Seg Wit Thing is relevant:

http://www.coindesk.com/litecoin-blockchain-segwit-activation-threshhold-scaling/
Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on April 06, 2017, 10:54:41 pm
Lonely Highway Delivery Guy

LHDG is a mate of mine because . . . I live on the lonely highway. And . . . LHDG owns a pot of crypto. Yesterday, she turned up with a 10-oz bar of silver, looking to buy some GRS as a part of the 'occasional trader-merchant project.' My suggestion was to wait, to see how the price holds.

However, I may sell her some GRS from my 'vault' at a discounted price, just to get her in the game. Watch this space.
Haha good advice!
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on April 07, 2017, 02:45:13 am
Lonely Highway Delivery Guy

LHDG is a mate of mine because . . . I live on the lonely highway. And . . . LHDG owns a pot of crypto. Yesterday, she turned up with a 10-oz bar of silver, looking to buy some GRS as a part of the 'occasional trader-merchant project.' My suggestion was to wait, to see how the price holds.

However, I may sell her some GRS from my 'vault' at a discounted price, just to get her in the game. Watch this space.
Haha good advice!

Morning, Jackie.

‘Occasional Merchant-Trader’

If a business accepts crypto, and real-time converts it to fiat, then that’s just crypto as payment method.

But if that same merchant accepts crypto, and holds it, and then uses it to buy stuff, that’s crypto as currency.

But crypto-as-currency is more complicated to set up. So we are going to ‘mentor’ the merchant in question, providing complete assistance.

An essential part of the experiment will be that the merchant only accepts GRS when the price is low (and I will buy for silver bullion any GRS the merchant wants to sell).

This project will be tiny and clunky; but we’ve had real success with a related project in Perth, where a guy we know has mentored family members through the whole process of buying their initial cryptos, and setting up a Ledger Nano S, and storing the cryptos in it.
Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on April 07, 2017, 01:27:22 pm
Lonely Highway Delivery Guy

LHDG is a mate of mine because . . . I live on the lonely highway. And . . . LHDG owns a pot of crypto. Yesterday, she turned up with a 10-oz bar of silver, looking to buy some GRS as a part of the 'occasional trader-merchant project.' My suggestion was to wait, to see how the price holds.

However, I may sell her some GRS from my 'vault' at a discounted price, just to get her in the game. Watch this space.
Haha good advice!

Morning, Jackie.

‘Occasional Merchant-Trader’

If a business accepts crypto, and real-time converts it to fiat, then that’s just crypto as payment method.

But if that same merchant accepts crypto, and holds it, and then uses it to buy stuff, that’s crypto as currency.

But crypto-as-currency is more complicated to set up. So we are going to ‘mentor’ the merchant in question, providing complete assistance.

An essential part of the experiment will be that the merchant only accepts GRS when the price is low (and I will buy for silver bullion any GRS the merchant wants to sell).

This project will be tiny and clunky; but we’ve had real success with a related project in Perth, where a guy we know has mentored family members through the whole process of buying their initial cryptos, and setting up a Ledger Nano S, and storing the cryptos in it.

But how are you going to find such a merchant?
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on April 08, 2017, 02:23:30 am
Already got one, Jackie! (Details next week.)

When I started these projects, in late 2013, everyone thought that my 'assisted crypto-adoption' theory was nuts; but I'm a techno-klutz, so I saw clearly how most crypto folk were underestimating the difficulties of crypto adoption.*

And sadly, I must also point the finger at Australia's banks and government, which have made crypto tax regulation as difficult as possible (while talking endlessly about how important fintech is . . ). This is another reason to extend assistance to anyone willing to adopt.**


*IMHO, GRS's development of a wide range of click-'n-go wallets was a fine decision, recognising the need and responsibility of the community to widen its user-base.

**About three years ago, I started randomly ringing registered accountants in my area. Fantastically negative general reaction. But one guy listened. I told me that IndiaMikeZulu wanted his services for free, in exchange for our expert advice on cryptos. He told me I was nuts. A month later, I met him in his office . . . and he's been taking my phone calls ever since.

We also have a long-standing contact in the Small-Business-Compliance section of the Australian Securities and Investments Commission.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on April 08, 2017, 02:32:54 am
Don't imagine that I have any idea what's going on here! All opinions most welcome.

' . . . the emergence of an implementation called 'Bcoin' (built by bitcoin startup Purse) to the debate could be a notable development in the scaling saga.'

http://www.coindesk.com/big-block-bitcoin-movement-embracing-bcoin/
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on April 09, 2017, 02:51:01 am
https://news.bitcoin.com/bitcoiners-jerry-rigged-solutions-send-bitcoin/
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on April 09, 2017, 03:49:58 am
'The only way I got my family . . . (who also work in tech) to participate was to take some of my own [own crypto], forced them to open up a cryptocurrency account with an exchange, and deposited it into them. It worked.'

https://medium.com/@mykljonzun/thanks-for-your-insight-on-the-brave-browser-and-the-upcoming-bat-ico-244086220ae0

Ahh! 'Assisted adoption'!

And: 'You can’t just promise people value and wealth appreciation and expect them to come to your service. You have to pay people to join.'

Well, we haven't actually paid people to join; but 'mentoring' involves costs on our part.
Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on April 09, 2017, 10:25:24 am
'The only way I got my family . . . (who also work in tech) to participate was to take some of my own [own crypto], forced them to open up a cryptocurrency account with an exchange, and deposited it into them. It worked.'

https://medium.com/@mykljonzun/thanks-for-your-insight-on-the-brave-browser-and-the-upcoming-bat-ico-244086220ae0

Ahh! 'Assisted adoption'!

And: 'You can’t just promise people value and wealth appreciation and expect them to come to your service. You have to pay people to join.'

Well, we haven't actually paid people to join; but 'mentoring' involves costs on our part.

that is bad practice.
Coins owned on an exchange are not your. You are teaching them bad practice.
Instead teach them how to use a spv wallet.
For example let them browse on their mobile to: http://jswallet.groestlcoin.org
Now THERE is a sexy and slick wallet!

As for adoption in family:
we play monopoly in our family with groestlcoins. We dont use the game chips anymore. Its more fun!
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on April 10, 2017, 03:32:10 am
'The only way I got my family . . . (who also work in tech) to participate was to take some of my own [own crypto], forced them to open up a cryptocurrency account with an exchange, and deposited it into them. It worked.'

https://medium.com/@mykljonzun/thanks-for-your-insight-on-the-brave-browser-and-the-upcoming-bat-ico-244086220ae0

Ahh! 'Assisted adoption'!

And: 'You can’t just promise people value and wealth appreciation and expect them to come to your service. You have to pay people to join.'

Well, we haven't actually paid people to join; but 'mentoring' involves costs on our part.

that is bad practice.
Coins owned on an exchange are not your. You are teaching them bad practice.
Instead teach them how to use a spv wallet.
For example let them browse on their mobile to: http://jswallet.groestlcoin.org
Now THERE is a sexy and slick wallet!

As for adoption in family:
we play monopoly in our family with groestlcoins. We dont use the game chips anymore. Its more fun!

Morning, Jackie.

To my credit -- 'forced them to open up an account with a cryptocurrency exchange' -- I noticed this error also. We have either used paper wallets, or held sums of cryptos in our own 'vaults.' What I wanted to get across was the notion that crypto folks must reach out to The Outside World.

You play Monopoly with GRS?! That's a gooood idea.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on April 10, 2017, 03:33:49 am
'This essentially meant that when a form of competition did emerge, Bitcoin Core was blindsided and broadly unprepared.'

http://www.coindesk.com/hidden-history-bitcoin-unlimited/

Sigh: the article is v. long, but quite readable.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on April 11, 2017, 02:08:15 am
'Not everyone is convinced, however, with Twitter commentators suspecting SegWit is merely the latest tool for developers to use in order to gain from a temporary price pump.'

https://cointelegraph.com/news/vertcoin-surge-on-segwit-talk-leads-to-pump-and-dump-suspicions

Opinions on this? I only recently heard the term 'technical debt.' Hmmm . . .
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on April 12, 2017, 03:32:39 am
This debate -- https://www.reddit.com/r/Bitcoin/comments/2tmgsv/how_and_why_would_uber_accept_bitcoin/ -- is unusually polite and balanced.

Now have a quick look here: http://money.cnn.com/2017/04/11/technology/formula-1-3d-printing/index.html

My thought is: the sorts of folks who lead the charge into new technologies like Uber and 3-D-printed race cars and hybrid vehicles are folks who might be attracted to cryptos. It would be great if we can figure out how to 'piggyback' cryptos onto such technologies.
Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on April 12, 2017, 10:49:35 am
'Not everyone is convinced, however, with Twitter commentators suspecting SegWit is merely the latest tool for developers to use in order to gain from a temporary price pump.'

https://cointelegraph.com/news/vertcoin-surge-on-segwit-talk-leads-to-pump-and-dump-suspicions

Opinions on this? I only recently heard the term 'technical debt.' Hmmm . . .

1 thing is 4 sure: Segwit is the new Azure :-P
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on April 13, 2017, 12:46:30 am
'Not everyone is convinced, however, with Twitter commentators suspecting SegWit is merely the latest tool for developers to use in order to gain from a temporary price pump.'

https://cointelegraph.com/news/vertcoin-surge-on-segwit-talk-leads-to-pump-and-dump-suspicions

Opinions on this? I only recently heard the term 'technical debt.' Hmmm . . .

1 thing is 4 sure: Segwit is the new Azure :-P

I was amazed to learn that GRS was first with Seg Wit. Now let's see how it plays out in other cryptos!
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on April 13, 2017, 12:56:38 am
' . . . contrary to some of his statements during the campaign . . . '

http://finance.yahoo.com/news/trump-like-low-interest-rate-policy-must-honest-200153931.html

Guys, whether you live in Europe or the boonies of Western Australia, this stuff is soooooo relevant. The future of cryptos -- apart from the influence of 'in-house' factors -- will be shaped by macroeconomic events, and the raising or not raising of interest rates is pivotally important.

So, Trump said before his election that interest rates had to rise, and that he was gonna boot Yellen out. But he's now changed his mind.


Weekend Reading: http://www.telegraph.co.uk/business/2017/04/12/europe-risks-nightmare-anti-euro-bolshevik-storms-france/

Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on April 13, 2017, 10:57:05 am
'Not everyone is convinced, however, with Twitter commentators suspecting SegWit is merely the latest tool for developers to use in order to gain from a temporary price pump.'

https://cointelegraph.com/news/vertcoin-surge-on-segwit-talk-leads-to-pump-and-dump-suspicions

Opinions on this? I only recently heard the term 'technical debt.' Hmmm . . .

1 thing is 4 sure: Segwit is the new Azure :-P

I was amazed to learn that GRS was first with Seg Wit. Now let's see how it plays out in other cryptos!

We are the first with SegWit because we have no chinese pools. All our pools are run in Europe i believe and we got very good contacts with our pools. No BTC politics on GRS.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on April 14, 2017, 04:05:02 am
'Not everyone is convinced, however, with Twitter commentators suspecting SegWit is merely the latest tool for developers to use in order to gain from a temporary price pump.'

https://cointelegraph.com/news/vertcoin-surge-on-segwit-talk-leads-to-pump-and-dump-suspicions

Opinions on this? I only recently heard the term 'technical debt.' Hmmm . . .

1 thing is 4 sure: Segwit is the new Azure :-P

I was amazed to learn that GRS was first with Seg Wit. Now let's see how it plays out in other cryptos!

We are the first with SegWit because we have no chinese pools. All our pools are run in Europe i believe and we got very good contacts with our pools. No BTC politics on GRS.

Morning, Jackie. Although I have nothing whatsover against Chinese folks, I have come to favour cryptos with a non-China-centric base. And it's also surely fair to say that a European-based crypto has good prospects because adoption in Europe has a long long way to go.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on April 14, 2017, 04:12:03 am
'Simon Dixon, CEO of BnkToTheFuture.com, believes that governments are driving demand in Bitcoin whether they know it or not. He continues by exemplifying the developments in India, where the government's war on cash was an attempt to force bank adoption in India.

Dixon notes that India has less trust for banks than many other nations so some are experimenting with Bitcoin instead.'

https://cointelegraph.com/news/the-big-three-how-china-india-japan-set-pace-for-bitcoin

Yup!!

Us IndiaMikeZulu guys got some stuff right, and some stuff wrong. We were right that folks would eventually adopt cryptos; but we were wrong about the time-frame of that adoption . . . at least here in Australia, where people really do dislike banks, but are not hurting enough yet to do anything about it.

Indonesia was one that puzzled us: the banking system there is almost unbelievably corrupt. (I get to say this because I lived there for years: yeh, it's that bad!) So we tried to get some Indonesians we knew interested in cryptos in late 2013. Nope. Didn't happen -- at least at that early stage. Indonesian interest in cryptos has risen greatly since then.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on April 15, 2017, 03:24:52 am
' . . . finding a way to set aside their anger and mistrust long enough to keep the [U.S.] federal government open . . . . what a mess . . . '

https://www.bloomberg.com/politics/articles/2017-04-10/congress-sinks-into-partisan-morass-as-shutdown-threat-looms

This shmozzle is about raising the debt limit . . . so the U.S. can just keep borrowing money.


Meanwhile, 'Debt in China has increased dramatically in recent years, accounting for roughly one-half of all new credit created globally since 2005.'

http://wolfstreet.com/2017/02/27/credit-boom-in-china-to-financial-crisis-but-not-yet/


And The Telegraph U.K. -- usually accurate -- chooses to say, 'The increasingly broad-based nature of the upturn . . . ' rather than 'The increasingly broad-based nature of the historically-unprecedentedly-massive-amount-of-debt-driven upturn . . . '

http://www.telegraph.co.uk/business/2017/03/24/eurozone-booms-economy-shows-signs-overcoming-long-crisis/

If I were a cynic, I'd suggest that a war or two is what we might expect to pop up any time now!
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on April 16, 2017, 04:33:04 am
'Will crypto economics be the only thing left as the global economies collapse under massive debts hidden from sight behind the media’s fake news?'

https://cointelegraph.com/news/crypto-capital-markets-to-save-mankind-from-new-global-financial-storm

This has been our position for years. And it's one reason we like to trade cryptos for bullion.


https://www.theguardian.com/money/2017/feb/10/are-car-loans-driving-us-towards-the-next-financial-crash

Gotta give credit to the Crazy-Pants-Journalism sector, guys like Zero Hedge. They point you in the right direction every time.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on April 17, 2017, 03:13:43 am
‘But as technical barriers to entry are removed, we are on the precipice of millions of user-generated currencies, of all shapes and sizes.’

http://www.coindesk.com/user-generated-currency-bitcoin-youtube-money/

This morning, readers, a snippet of theory explaining why I’m confident we won’t end up with ‘millions of user-generated currencies.’

Revolutionary theory – and a revolution is exactly what us crypto geeks are involved in – never goes ‘half way.’ It always claims the need to go to The Exact Opposite of The Bad System That We’re Overthrowing. Communism is the obvious example, and the radical lesbian separatists of the second-wave feminism also come to mind.

So, back to money. The present system sucks because (folks think/thought) that ‘it’s natural’ that only the Government can issue money. So, T.E.O.o.T.B.S.T.W.O must (logically) be that (almost) EVERYONE will have their own currency.

But how would price-discovery work? My kid sister’s piano teacher wants to be paid in GRS . . . but for the jar of pickles he’s selling my mum, he wants to be paid in His Brother Fred’s crypto.

Suppose there are a hundred families in a village. There’s a local vegie-delivery service: three guys who take turns doing the deliveries. The number of combinations of who would accept which currencies is simply insane. There aren’t enough hours in a day.

Conclusion: hobbyists and some crypto-trading specialists will choose to work with a wider range of cryptos; but over time, a solid core of established cryptos with talented devs will become the mainstays of global commerce.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on April 18, 2017, 04:16:39 am
'Indian government officials thought they had things in order but they messed up spectacularly.'

http://www.newsbtc.com/2017/04/17/indias-bank-atms-running-cash-new-banknote-software-upgrades-still-not-completed/

Unbelievable!! It's now over five months since the Indian Government threw this spanner into its own works.


Note: I googled 'indian atms,' and one of the three articles that came up was CoinTelegraph's! Woo hoo! We're mainstream!
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on April 19, 2017, 04:12:22 am
I'll call this little project finished (and I learned a lot):


https://bitcointalk.org/index.php?topic=1777136.80
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on April 22, 2017, 09:48:37 am
EDIT:  This is about the future of the EU/Euro, and therefore crypto adoption (in Europe):

'40% of Spanish children live in poverty'

http://www.euractiv.com/section/economy-jobs/news/40-of-spanish-children-live-in-poverty/


And: 'The ratings agency Fitch on Friday downgraded Italy's long-term debt rating a notch to BBB, one level above the "speculative" grade, citing the country's persistent debt and fiscal problems.'

http://www.businesstimes.com.sg/government-economy/fitch-downgrades-italian-debt-rating-stable-outlook


I have been so very wrong about how long it would take for the debt bomb to explode: who could have guessed that governments would resort to negative interest rates on a mass scale?

'Unthinkable before the 2008 financial crisis' https://www.bloomberg.com/quicktake/negative-interest-rates

The point, though, is that it can't go on forever. Full stop. It's now years since any government or media talked about paying back debt.

'S&P expects that the United States and Japan will be the “most prolific borrowers" in 2017, accounting for 60% of total borrowing, followed by China, Italy and France.' http://www.fin24.com/Economy/world-debt-to-increase-to-44trn-sp-20170227


Ooooh! The U.S. (debt drama due in days). Japan (who policies to control their economy/debt have been failing for 20 years). China (The Global HQ of 'shadow banking' -- debt of the very lowest quality). Italy (whose banks are rubbish). And France (where the anti-EU movement is now strong on both the political left and right)

Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on April 23, 2017, 04:04:09 am
'Vranova also notes that the problem of most altcoins is that their developers do not maintain the infrastructure needed to actually use their coin.'

https://cointelegraph.com/news/more-questions-for-poloniex-as-reasons-for-delisting-altcoins-come-to-light

There is an historic shift underway as 'outside' capital flows into the crypto realm. Many cryptos I've devved with talk talk talk about development; but after a while it becomes apparent that pump-'n-dumps are the real goal. Those cryptos are now headed for The Great Big Crypto Recycling Bin in The Sky. And good riddance.

'Currency function' -- merchants/OTC/P2P -- is the real future (and there's more money to be made here, in the long run, than in pump and dump).
Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on April 23, 2017, 08:12:28 am
'Vranova also notes that the problem of most altcoins is that their developers do not maintain the infrastructure needed to actually use their coin.'

https://cointelegraph.com/news/more-questions-for-poloniex-as-reasons-for-delisting-altcoins-come-to-light

There is an historic shift underway as 'outside' capital flows into the crypto realm. Many cryptos I've devved with talk talk talk about development; but after a while it becomes apparent that pump-'n-dumps are the real goal. Those cryptos are now headed for The Great Big Crypto Recycling Bin in The Sky. And good riddance.

'Currency function' -- merchants/OTC/P2P -- is the real future (and there's more money to be made here, in the long run, than in pump and dump).
Vranova is right about that. Most coins do not maintain it. Let vranova have a look at groestlcoin. We maintained everything the last 3 years.

P.s. whats going on with bitfinex? Another mt gox coming? I hope not

Verstuurd vanaf mijn SM-G935F met Tapatalk

Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on April 24, 2017, 04:59:36 am
'Vranova also notes that the problem of most altcoins is that their developers do not maintain the infrastructure needed to actually use their coin.'

https://cointelegraph.com/news/more-questions-for-poloniex-as-reasons-for-delisting-altcoins-come-to-light

There is an historic shift underway as 'outside' capital flows into the crypto realm. Many cryptos I've devved with talk talk talk about development; but after a while it becomes apparent that pump-'n-dumps are the real goal. Those cryptos are now headed for The Great Big Crypto Recycling Bin in The Sky. And good riddance.

'Currency function' -- merchants/OTC/P2P -- is the real future (and there's more money to be made here, in the long run, than in pump and dump).
Vranova is right about that. Most coins do not maintain it. Let vranova have a look at groestlcoin. We maintained everything the last 3 years.

P.s. whats going on with bitfinex? Another mt gox coming? I hope not

Verstuurd vanaf mijn SM-G935F met Tapatalk

Bitfinex = Gox?

Wa ha ha! Over on the D L Ex, B.N. said, 'Bitfinex ... such Mt.Gox.' And I agreed.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on April 24, 2017, 05:02:32 am
http://www.abc.net.au/news/2017-04-24/macron-le-pen-through-to-runoff-in-french-election/8465782

I'd be grateful for all insights into what the French elections will mean for the Eurozone and therefore cryptos.


And: https://news.bitcoin.com/malta-approves-national-strategy-draft-embrace-bitcoin/
Title: Re: Daily Crypto Nooooooz
Post by: MarcelP on April 24, 2017, 09:23:44 am
http://www.abc.net.au/news/2017-04-24/macron-le-pen-through-to-runoff-in-french-election/8465782

I'd be grateful for all insights into what the Bathmate X50 does https://www.grosseteste.com/bathmate-x50-review-results French elections will mean for the Eurozone and therefore cryptos.


And: https://news.bitcoin.com/malta-approves-national-strategy-draft-embrace-bitcoin/

Good question. I don't think it will be good though.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on April 25, 2017, 02:50:07 am
Good morning, campers. Good morning, MarcelP.

It's not my intention to just be unceasingly negative; it's the conclusion of decades of patient analysis:

'The Alibaba founder warned that people should prepare for decades of social upheaval and pain as the internet disrupts the global economy . . . . he had tried to warn people in the early days of e-commerce it would disrupt traditional retailers but few listened . . . . Fifteen years ago I gave speeches 200 or 300 times reminding everyone the internet will impact all industries, but people didn’t listen because I was nobody.'

Let's play a little game:

'Fifteen years ago I gave speeches 200 or 300 times reminding everyone [that] the internet cryptographic currencies will impact all industries become the safe havens as fiat currencies fail, but people didn’t listen because I was nobody everyone was busy watching Netflix on the couch.'

http://www.zerohedge.com/news/2017-04-24/alibabas-jack-ma-sees-decades-pain-ahead-thanks-internet-disruption
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on April 26, 2017, 02:55:45 am
'I’ve always admired the way the Chinese government has been handling innovation comparing to how other governments have been doing this.'

https://cointelegraph.com/news/charlie-shrem-hold-at-least-10-bitcoins-can-buy-house-in-30-years

Hmmm . . . . says a lot, doesn't it!

And: interesting stuff on Coindesk this morning:

http://www.coindesk.com/litecoin-prices-3-year-high-tech-upgrade/

http://www.coindesk.com/purse-launches-extension-block-testnet-bitpay-help-evaluate/

http://www.coindesk.com/lets-try-this-again-uasf-developer-puts-forth-new-proposal/
Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on April 27, 2017, 12:54:19 am
http://www.antbleed.com/
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on April 27, 2017, 02:00:52 am
'And, oddly enough, some see [Litecoin's implementation of seg wit] as a way to move forward bitcoin’s scaling debate, even if it's unclear exactly how that might happen.'

http://www.coindesk.com/litecoins-segwit-activation-why-it-matters-and-whats-next/

Litecoin may implement today.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on April 28, 2017, 01:42:59 am
Meanwhile, in India:

https://cointelegraph.com/news/hacked-indian-bank-moves-against-bitcoin-in-court

So . . . Some Guy didn't tie up his dog properly. Dog got out; a truck ran it over, so Some Guy gonna go down to the truck factory, and punch the owner on the nose?
Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on April 28, 2017, 04:08:56 pm
So . . . Some Guy didn't tie up his dog properly. Dog got out; a truck ran it over, so Some Guy gonna go down to the truck factory, and punch the owner on the nose?

ROFL
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on April 29, 2017, 06:40:29 am
'What France needs is reform that lifts its economy from stagnation, reduces high and rising unemployment, and begins healing a fractured society.

What the 54 per cent of French voters who opted for the extremes in the first round of the presidential elections want is revolution — and after years of failure by a political class that refuses to address ordinary voters’ concerns, it is hard to blame them.

But what France is likely to end up with is a centrist president who embodies everything those voters are rebelling against and whose modest efforts at tackling the country’s problems will be stymied by a hostile parliament and a public convinced that any change will be at its expense.'

http://www.theaustralian.com.au/news/inquirer/french-elections-round-two-dislike-le-pen-dislike-macron-too/news-story/49c8ee0f359bcdff6c3ddf66a3af67a4

Two points here:

one: 'reform that lifts its economy from stagnation, reduces high and rising unemployment, and begins healing a fractured society'? Pure fiction. These are expectations that assume the present model isn't 'broken.' But the present model is broken.

two: 'a centrist president who embodies everything those voters are rebelling against' Which seems to prove my claim above: if the system doesn't give people what they want, it's broken.

Historical Note: revolutions are far far more common than most people think; they happen faster than you'd guess; and the characters eating candied otters' noses in the big house on the hill are always the very last to figure out what's going on.

Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on April 30, 2017, 02:57:57 am
From 'immature speculative-trading phase' to currency function

https://www.cryptocoinsnews.com/isle-man-became-bitcoin-island/

https://news.bitcoin.com/antigua-and-barbuda-drafts-laws-to-implement-bitcoin/

Okay, although we originally expected to see cryptos jump from crypto-geek thingy whatsit straight to ‘currency function’ (mass adoption), the persistence of the financial crisis has brought safe-haven function to the fore. My point, though, is that currency function improves safe-haven function.

A functioning fiat currency – for example, one readily redeemable for gold – is exactly a safe haven, a place where you can ‘park’ value. And the less the ‘slippage’ when you get ‘into’ or ‘out of’ that safe haven, the better. And the more merchants and daily users a cryptocurrency has, the lower that slippage will be.

Check Cryptopia at this second. A merchant or some one needing to exit their GRS safe-haven position would suffer a huge loss if they just sold.

So: ‘coin-wholesaling’: we’ve had so much trouble explaining this, probably because it will take years to develop:

increasingly large packets of GRS will be bought and sold P2P (by me at first), in order that community members and merchants and safe-haven investors can ‘get into’ and ‘out of’ GRS at low margins – low low ‘slippage.’ We’re already doing this for our merchant (even if the amounts are tiny).

EDIT: Sigh: gonna state my case, as I did in the first draft, a little more forcefully: all cryptocurrency communities need to focus on shunting their crypto from the 'immature speculative-trading phase' to the mature currency-function phase (with or without the safe-haven thing). Why? It improves utility, and every tiny bit of utility helps us gain and hold a slightly higher position on the charts.

Note: it's certainly not the responsibility of the developers to undertake this work. It's the responsibility of the rest of the community.
Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on April 30, 2017, 10:45:20 pm
https://grsgiveaway.com/
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on May 01, 2017, 03:08:08 am
https://grsgiveaway.com/

Gonna keep this thread and the giveaway connected.

EDIT:  I see that there's a block of Indonesians posting on the GRS Facebook page. IndiaMikeZulu tried in 2013-14 to launch an Indonesian Project with the help of my contacts there. Failed outright.

But . . . the reason we tried is that Indonesia has both a weak currency and a monumentally corrupt banking system. So we figured they were likely adopters. And they now are -- at least with Bitcoin. But GRS would make a great 'de facto' national e-currency. So let's organise that!

So, I've posted a link for this site's long-defunct Indonesian thread over on Facebook. And if any Indo folk are interested, we could launch a little 'klub pedagang' -- traders' club.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on May 02, 2017, 03:06:31 am
'It also, in a way, confirms the view that main investors have started getting involved in Bitcoin by investing a part of their money.'

https://cointelegraph.com/news/another-billionaire-reveals-bitcoin-investment-compares-it-to-horse-racing



Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on May 02, 2017, 05:12:45 am
Thinking-Out-Loud Day

To begin: Go, me! Guessed correctly that the GFC would become the primary driver of crypto prices.
So, how much money is ‘out there’? That is, how [edit: many $$ are there that could] theoretically seek refuge in non-government [edit: 'instruments' like gold, etc.]?

Answer: $US 75,000 Billion

How much could flow unto cryptos? I personally have no doubt: tens of Billions.

[http://asia.nikkei.com/Business/Trends/Soaring-demand-for-cryptocurrencies-prompts-launch-of-more-than-10-exchanges-in-Japan ]

Next: how much may not come into Bitcoin? (and therefore may flow into other cryptos? Like GRS?)

Check here: https://coinmarketcap.com/charts/#btc-percentage

Could Bitcoin’s percentage of cap fall below 50% by January 1st, 2018? I guess so. Could it fall as low as 40% by this time next year? I guess so.

Over to you guys . . .
Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on May 02, 2017, 11:38:01 am
Thinking-Out-Loud Day

To begin: Go, me! Guessed correctly that the GFC would become the primary driver of crypto prices.
So, how much money is ‘out there’? That is, how much of $X could theoretically seek refuge in non-government currencies?

Answer: $US 75,000 Billion

How much could flow unto cryptos? I personally have no doubt: tens of Billions.

[http://asia.nikkei.com/Business/Trends/Soaring-demand-for-cryptocurrencies-prompts-launch-of-more-than-10-exchanges-in-Japan ]

Next: how much may not come into Bitcoin? (and therefore may flow into other cryptos? Like GRS?)

Check here: https://coinmarketcap.com/charts/#btc-percentage

Could Bitcoin’s percentage of cap fall below 50% by January 1st, 2018? I guess so. Could it fall as low as 40% by this time next year? I guess so.

Over to you guys . . .

I believe 2017 will be a good year for cryptocurrency in general. More and more people will pour money into crypto. If bitcoin gets bigger then all crypto will grow with it. The game now is to ride with bitcoin and later help people to diversify their portfolio.
Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on May 02, 2017, 12:00:45 pm

EDIT:  I see that there's a block of Indonesians posting on the GRS Facebook page. IndiaMikeZulu tried in 2013-14 to launch an Indonesian Project with the help of my contacts there. Failed outright.

But . . . the reason we tried is that Indonesia has both a weak currency and a monumentally corrupt banking system. So we figured they were likely adopters. And they now are -- at least with Bitcoin. But GRS would make a great 'de facto' national e-currency. So let's organise that!

So, I've posted a link for this site's long-defunct Indonesian thread over on Facebook. And if any Indo folk are interested, we could launch a little 'klub pedagang' -- traders' club.

Indonesia remains one of BlackBerry’s biggest markets. BlackBerry in the past launched dedicated phones and apps for the Indonesian market, home to 250 million people.
More than six million people still use BlackBerry in Indonesia. Indonesia is a vital market for the Canadian based smartphone company. Indonesia is one of the largest smartphone markets in the world, and is a country in which BlackBerry devices are gaining increasing popularly.

So with this knowledge we thought: lets see what other coins have a blackberry wallet on Blackberry world? Answer: None. Only Bitcoin has 1.
Our reaction: We developed 9 Blackberry wallets and published them on Blackberry world. The Blackberry wallets are mostly used in Indonesia.

Our indonesian users:
(http://i.imgur.com/9btYAA8.png)
Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on May 02, 2017, 09:35:39 pm
https://twitter.com/B_Ridiculous85/status/859340344386871298

https://twitter.com/CoinExchangeio/status/859278709227798529

https://twitter.com/CoinExchangeio/status/859278868347146240

http://boards.4chan.org/biz/thread/1975302/groestlcoin-general-fuck-beans-edition

http://boards.4chan.org/biz/thread/2008440/grs-coin-giveaway

https://boards.4chan.org/biz/thread/1958790

Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on May 03, 2017, 05:09:17 am
Okay, I've signed up at Coinexchange. (It's reputable, as I understand it: UNO has been trading there for ages.)

Have closed the spread to 2100-1711
Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on May 03, 2017, 10:57:49 am
Okay, I've signed up at Coinexchange. (It's reputable, as I understand it: UNO has been trading there for ages.)

Have closed the spread to 2100-1711

use with caution. According to internet they dont reply to support emails. Try sending them an email and see how long it takes them to answer it.
Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on May 03, 2017, 11:01:50 pm
new grs slack started: https://join.slack.com/groestlcoin/shared_invite/MTc4Mzc4ODU0NDY4LTE0OTM4NDE1NDgtMzUzYzg5MDQ0Ng
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on May 04, 2017, 01:26:06 am
Okay, I've signed up at Coinexchange. (It's reputable, as I understand it: UNO has been trading there for ages.)

Have closed the spread to 2100-1711

use with caution. According to internet they dont reply to support emails. Try sending them an email and see how long it takes them to answer it.

Thanks for that, Jackie. An 'Hello?' email is my usual practice, but in my enthusiasm I neglected it. Will report.

EDIT: okay. Got a cheery reply from Support.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on May 04, 2017, 01:54:45 am
' . . . certain regions that lack "a very strong tradition of adherence to the rule of law".'

http://www.coindesk.com/central-bank-digital-currencies-dictators/

Regions like . . . Planet Earth's banking sector?
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on May 05, 2017, 07:51:26 am
Deep breath . . .

Total crypto cap was under $40B at dawn here yesterday. $45.7 at this second, 30 hours later.

Litecoin has v. high volume. Ether is heading to $10 Billion cap.

'It's kind of crazy to think how early it still is now . . . '

https://www.reddit.com/r/CryptoCurrency/comments/699rdc/are_we_in_a_bubble/


There's a lot of are-we-in-a-bubble discussion going on. My guess? There'll be some correction. There always is. But we've risen to another plane.

Now is a really really good time to keep GRS active and attractive, so that any correction (largely) passes us by.

What do you guys think?

Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on May 05, 2017, 08:14:03 am
'The leader of the National Front was supposed to be the start of a populist front that would bring the euro and the European Union crashing down.

http://www.afr.com/news/world/europe/how-the-french-election-will-save-the-euro-20170504-gvyp6k

'the start of a populist front'?

I recall the term 'P.I.I.G.S.' being coined, and the prolonged howls of mirth it produced from the mainstream press; but at this point, a half a decade later, almost a third of the EU's member nations are expressing discontent with the EU.

Here's the nitty gritty: supra-nationalism is in decline, and a higgledy-piggledy inclination to nationalism will dominate whatever on earth happens henceforth.

Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on May 05, 2017, 12:56:51 pm
Deep breath . . .

Total crypto cap was under $40B at dawn here yesterday. $45.7 at this second, 30 hours later.

Litecoin has v. high volume. Ether is heading to $10 Billion cap.

'It's kind of crazy to think how early it still is now . . . '

https://www.reddit.com/r/CryptoCurrency/comments/699rdc/are_we_in_a_bubble/


There's a lot of are-we-in-a-bubble discussion going on. My guess? There'll be some correction. There always is. But we've risen to another plane.

Now is a really really good time to keep GRS active and attractive, so that any correction (largely) passes us by.

What do you guys think?

I think the correction will not affect GRS. The pump passed us, so will the dump. But then again I'm no economist.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on May 06, 2017, 05:15:39 am
Deep breath . . .

Total crypto cap was under $40B at dawn here yesterday. $45.7 at this second, 30 hours later.

Litecoin has v. high volume. Ether is heading to $10 Billion cap.

'It's kind of crazy to think how early it still is now . . . '

https://www.reddit.com/r/CryptoCurrency/comments/699rdc/are_we_in_a_bubble/


There's a lot of are-we-in-a-bubble discussion going on. My guess? There'll be some correction. There always is. But we've risen to another plane.

Now is a really really good time to keep GRS active and attractive, so that any correction (largely) passes us by.

What do you guys think?

I think the correction will not affect GRS. The pump passed us, so will the dump. But then again I'm no economist.

This makes sense to me, Jackie. My trading is . . . naive. One thing I do watch is the buy- and sell-orders, and the buy-support has been notably solid.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on May 06, 2017, 05:49:47 am
Even if your politics aren't as radical as mine, readers, you'll grant me that a great deal of stuff is going on . . .

or much more to the point, is going to continue going on -- we toss the term 'disruptive technology' about rather too lightly.

So:

' "What he did was a complete opposition to everything he has stood for in terms of his economic policies,"  '

http://www.abc.net.au/news/2016-04-05/iceland-pm-resigns-following-panama-papers-leak/7302330

So, liar liar pants on fire for the now-resigned Icelandic Prime Minister, brought down by the release of hacked documents.

And today:

'Mr Macron's En Marche movement said internal campaign documents, including emails and financial data, had been taken in an "act of massive, co-ordinated hacking".'

http://www.bbc.com/news/world-europe-39827244

The actual hack happened several weeks ago, so the timing is sweet: just as the no-campaigning period before the election began. And 'The campaign said that genuine files were mixed up with fake ones in order to confuse people.' Niiiiice!!!

The French Government is warning 'media outlets' against publishing the data; but those pesky 'fake news' sites . . .

Now read this:

'In May 2016, MSNBC's Mika Brzezinski called on Debbie Wasserman Schultz to step down over the DNC's bias against the Sanders campaign.[31][32] Schultz was upset at the negative coverage of her actions in the media, and she emailed Chuck Todd that such coverage of her "must stop".'

https://en.wikipedia.org/wiki/2016_Democratic_National_Committee_email_leak#Debbie_Wasserman_Schultz.27s_emails

Notice that Schultz is focussed on controlling the discourse.

In late-night Hollywood movies, we see the flaming-torch-and-pitchfork-carrying villagers streaming towards the manor. Well, in 2017, the 'villagers' are hackers and crypto geeks; and it's this reality that makes me so confident that tens upon tens upon tens of billions of dollars will flow into cryptographic currencies.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on May 07, 2017, 04:02:14 am
Record market-cap this morning: 46.2.

I found myself here: http://coinmarketcap.com/currencies/bitcoin/#markets

The two top crypto-fiat pairs are ‘KRW’ – the Korean Won.

BTC-EUR is at ten, but then not again until 50. Adoption clearly has a long long way to go in Europe.

Had we forgotten that five major Chinese exchanges still have no withdrawals available!?

The Japanese, it seems, are now going to have a go at the no-fees-trading thang.    There are five Japanese exchanges listed in the fee-free section.

Although I’m surely missing a couple of fiat currencies, it’s clear that crypto-fiat trading remains in the early early stages. There are good dollops of USD, EUR, KRW, and JPY. I had to look up ‘PLN’ – the Polish Zloty. There are amounts of CNY, GBP, AUD, RUR, etc.; but the potential for expansion is clearly enormous. For example, Indonesia’s population is over a quarter of a billion, but the IDR doesn’t show up on the chart ‘til Num. 85, with less than a million bucks’ worth of volume.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on May 08, 2017, 04:28:06 am
http://www.coindesk.com/mauritius-the-tropical-paradise-looking-to-become-a-blockchain-hub/

We discuss adoption by individuals. We discuss adoption by corporations and governments. But I think we should keep a sharp eye on adoption by regions:

obviously, I'm taking a merchant-development perspective here:

there's remittance (doing well). There's 'the unbanked' (much less press of late). But if GRS could become the crypto of choice for . . . an island nation, a region, a network of expatriate communities? We'd bust our hump to help with adoption; the users would provide steady volume, and extend adoption.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on May 09, 2017, 09:48:36 am
'French voters have clearly expelled the populist surge which resulted in Brexit and carried Donald Trump to the White House.'

https://www.theguardian.com/business/live/2017/may/08/french-stock-markets-rally-macron-victory-le-pen-euro-investors-business-live?page=with:block-59100e85e4b0df096d259064#block-59100e85e4b0df096d259064

Yep. It's completely gone. Overnight. Just like that.

Thank heaven.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on May 10, 2017, 07:41:26 am
‘Known formerly only to true geeks . . . ‘

https://www.foreignaffairs.com/explosion-or-implosion-worlds-favorite-cryptocurrency


Been glued to the screen for almost four years now, but all I can say today is: ‘Wow!!’

Firstly, we (my mob here in Australia – ‘IndiaMikeZulu’) are seeing family members and friends finally biting the bullet, and buying into cryptos. Whereas I might advise them to set up a basic QT, and learn the ropes, what we’re seeing is that they’re choosing to buy a Ledger, buy a portfolio of big-cap coins, and store them for the time being. Fair enough. I do my best to involve them in GRS, and that will be easier this year and next. (Lonely Highway Delivery Guy is still active. More on that soon.)
What is worth noting about this approach is how it provides these newcomers with a ‘template’: a knowledge of where to convert fiat to crypto, how to safely store crypto, how to register on exchanges, how to tentatively trade cryptos.

Secondly, on Reddit – on threads like this: https://www.reddit.com/r/CryptoCurrency/ -- there’s a wonderful new energy, beginners asking how to buy, how to analyse, how to trade.

Next, there is a slowly growing acceptance of cryptos, on various CrazyPantsJournalism sites, as The Next Big Thang.
So be it. Heck, they’ve bought thirty thousand million bucks to the party in a month. Who is Little Markie to complain?

And if I Google, ‘Bitcoin news,’ I find articles on Reuters and Market Watch and Financial Review. And ‘So what?’ you might ask; but three years Coindesk was still treating ‘alternative currencies’ like the mad uncle in the family: best to just say nothing.

Lastly, I gotta learn to use Google Trends. Here we are: https://trends.google.com/trends/explore?date=today%2012-m&q=Groestl%20coin (For Australia and Zimbabwe, it says, ‘Hmm, your search doesn't have enough data to show here.’)
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on May 11, 2017, 01:54:49 am
http://www.coindesk.com/service-freeze-continues-digital-currency-exchange-celery/

https://status.coinbase.com/

https://themerkle.com/poloniex-users-suffering-from-frozen-accounts-suspended-withdrawals-and-disabled-markets/

And don't forget, withdrawals remain unavailable at five major Chinese exchanges (at bottom of list):

http://coinmarketcap.com/currencies/bitcoin/#markets
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on May 11, 2017, 07:50:42 am
Some updates (from the ANN thread on Bitcointalk):

- We got 6007 (confirmed) e-mails on the grsgiveaway.com and counting. Over 29,000 users have visited our page. Over 2000 links within the page were clicked (almost 1000 to Bittrex) and over 2000 share buttons were used.
- We've created a Facebook Business page to start using Facebook Ads: https://facebook.com/groestlcoin/ - Over 600 real likes in 2 days already!
- Our main website is getting some redesign (not by me): http://www.groestlcoin.org/



I've started 3 ad campaigns so far, 1 for page likes, 1 for engagement/warming up the page posts and 1 to pitch GRS as a currency and investment opportunity plus the giveaway.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on May 12, 2017, 06:53:22 am
‘I make stuff functional . . . understandable . . .

There is a lack of design focus, of consumer-facing products . . . . a weird dismissive attitude[that] “There are bigger issues to deal with.” ’

At 1:55 here: http://www.coindesk.com/video-hashrabbits-melissa-volkmann-on-bitcoins-design-mistakes/


Please please read this

as a (retired) technical-writing tutor, I’m familiar with this difficult problem:

often people who understand a subject really well are (a) not good at explaining the subject, and (b) get upset very quickly when you tell them that.

Suppose I write Explanatory Text Number One. Suppose I then give it to English-Teacher Guy to edit. She says, ‘Nah . . . I don’t understand what you’re trying to say!’ The problem is that, as I read what I wrote, I am sort of ‘adding in’ my own overall understanding. I’m not reading exactly what is written. I’m ‘reading’ what-is-written-plus-what-I’m-adding-in-(from my own knowledge, in my head).

Are you still with me, guys? I beg your patience.

Next: ‘spatial punctuation’: think about how an essay or report contains a number of paragraphs. They are printed one under the other, down the page. And that’s how you read them: from top to bottom. Nice and simple. Well, ‘spatial punctuation’ is how the layout of the items on a billboard (for example) helps you to ‘read’ that billboard, to guide you from one part of the ‘text’ to the next. It can get tricky because of what I’m writing about here: how a writer/editor/composer tends to assume that others don’t need to be led by the hand to the meaning.

[Linguists use the term ‘burden,’ which describes how easy or not easy the author is making if for the reader (by considering or not considering the reader’s perspective). So, you might see a page of icons serving as a guide; but I don’t: I just see a big blob of icons on a page.

Finally, ‘meta language’: citizens of Planet Krypto speak a sort of ‘meta-language.’ (All professional groups do. One term is ‘jargon.’) Once again, there is ‘high burden’ for the newcomer. Note also that English is the underlying language of the meta-language, but many newcomers to cryptos are not native English speakers.

What’s my blasted point here? What Melissa says in the video makes perfect sense to me. The ‘burden’ placed on potential adopters has been ignored. In the long term, we can boost GRS adoption by making ‘Planet GRS’ an outstandingly easy place to find and travel around.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on May 13, 2017, 12:54:37 am
http://www.bbc.com/news/world
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on May 13, 2017, 11:45:25 pm
http://www.coindesk.com/miners-bitcoin-scaling-debate/
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on May 17, 2017, 10:10:25 am
Back from my holiday.

' . . . but the new wave of Japanese investors seem to be exhibiting a whole new level of incomprehension and misguided decision making in my opinion.'

https://cointelegraph.com/news/ripple-nears-12-bln-market-cap-surpasses-ethereum-again-for-how-long


Tee hee . . . did he say that out aloud?
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on May 19, 2017, 09:45:05 am
Reasons for Crypto Adoption -- came up in conversation. I've started writing some notes. Here's a snippet:

Hyper-inflation: the statistics seem a bit haphazard. However, Venezuela has 800% inflation; South Sudan’s rate is apparently over 400%; and Syria, Suriname, and Argentina are all over 40% -- which is definitely ‘on ramp.’ [http://www.tradingeconomics.com/country-list/inflation-rate ]. South Sudan’s hyperinflation may not shake the world, but Argentina’s economy is around the sixtieth-largest in the world, and Argentina’s population is 43 million.
Hyper-inflation is considered by CrazyPants.com journalists to be the ultimate economic problem, so this reason for adoption isn't going away anytime soon.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on May 20, 2017, 07:00:04 am
'A disorderly restructuring would significantly increase the likelihood of an Italian exit from the Eurozone. In his interview with Bloomberg, Papadia was nonchalantly dismissive of such an eventuality. “When Italy will be confronted with the consequences (of Italexit), something will be done to avoid it,” he said. “And maybe that will be the Troika coming to Italy.” All said, of course, with a beaming smile.'

http://wolfstreet.com/2017/05/18/ecb-tapering-trigger-disorderly-restructuring-italian-debt-return-to-national-currency/

' . . . the Troika coming to Italy' [beaming smile]?? Yeh, well, it worked okay for Greece -- no wait . . .
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on May 21, 2017, 05:09:27 am
' . . . new legislation that would allow the government to have control over any material posted, shared, and published online.'

https://www.rt.com/uk/388987-theresa-may-surveillance-internet/

My position has long seemed naive to many: automated exchanges are convenient, okay; but I will happily settle for 100% grass-roots use and price discovery.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on May 22, 2017, 05:51:33 am
Okay, here is 'The Report' sparked by our conversation:

Cryptos are gonna attract immense amounts of capital, and one consequence will be that the number of cryptos that prosper will be much greater than we thought even just weeks ago.

But what might the specific reasons for adoption be? Well, that subject came up in discussion among us IndiaMikeZulu guys; and I found myself clumsily categorizing those reasons:

Hyperinflation (which I’ll class as ‘political’)
Demonetization (political)
Capital controls (political)
War on Cash (political)
Anti-Government sentiment (political)
Remittance (economic)
Crypto-as-payment-method (economic)
Partnership-with-legacy-banking-system (economic)
Special Bonus Category One: Eurozone disintegration (political)
Special Bonus Category Two: increase in smartphone use (technological)


Hyper-inflation: the statistics seem a bit haphazard. However, Venezuela has 800% inflation; South Sudan’s rate is apparently over 400%; and Syria, Suriname, and Argentina are all over 40% -- which is definitely ‘on ramp’ to hyper-inflation.
[http://www.tradingeconomics.com/country-list/inflation-rate ]. South Sudan’s hyperinflation may not shake the world, but Argentina’s economy is around the sixtieth-largest in the world, and Argentina’s population is 43 million.
Hyper-inflation is considered by CrazyPants.com journalists to be the ultimate economic problem, so this reason for adoption isn't going away anytime soon.

Demonetisation:
http://www.visualcapitalist.com/global-war-cash/
Norway, Sweden, Denmark, Belgium, France, the U.S., Kenya, South Korea – the list is long and heavy duty. And India? One might almost think that the Indian government is secretly on our side!

Capital Controls/bail-ins (yes, the categories overlap): consider China, Cyprus, the Ukraine, and India. All have imposed capital controls, and in each case it boosted crypto adoption.
Note: very few folks know just how many nations have already legislated for bail-ins. That is, the powers that be obviously intend to increase the use of capital controls.

War on Cash: governments are gonna herd people to a fork in the road. People will then either acquiesce, and go down the path of all-electronic-fiat; or they’ll refuse/resist. Some resisters will go to bullion – but there are limitations there. Others will go to cryptos.
One thing is worth noting: many of those who do resist are libertarians; and if they do decide to adopt cryptos, they’ll do a good job of it.

Anti-Government Sentiment (yes, the categories overlap):
The first ‘political cryptos’ – Freicoin, Maza Coin, even the ‘country coins’ – fared poorly because the citizens of Planet Krypto forget to connect them to the outside world; but that was then, this is now: http://www.coindesk.com/palestinian-government-bitcoin-currency/
The Eurozone isn’t the only entity set to disintegrate. The era of Ever-Larger-Bureaucracies is over, and it’s easy to see how dissident groups of many types might find cryptocurrencies attractive; and I was amazed at the number of these movements that exist: https://en.wikipedia.org/wiki/Lists_of_active_separatist_movements
Note again that such adopters will be highly motivated to use cryptos as currencies.

Remittance:
‘ . . . bitcoin powered remittances now account for 20% of the Asian remittance corridor between South Korea and the Philippines.’
https://bravenewcoin.com/news/bitcoin-remittances-20-percent-of-south-korea-philippines-corridor/

Wikipedia lists 15 major remittance nations. The Philippines (with its 20%) is at Nos. 3. These guys -- https://www.javelinstrategy.com/coverage-area/bitcoin-and-global-remittance-market -- claim that the industry involves a half a Trillion bucks a year.*
And what IMHO should equally interest us is the potential here for creating ‘trading loops’ in the countries that the cryptos are being sent back to. Thus, an Indonesian maid in Saudi could send crypto to her mum’s smartphone, and her mum can use that crypto to buy stuff right there in their village!

Crypto-as-just-another-payment-method
(economic): this angle has been well considered. One thought, though: we all recognize the crazy range of nations’ regulations concerning crypto currencies. We all know that the recalcitrant nations will end up with egg on their faces – imagine that some nation had banned emails in 1980, and stuck with the ban! So, the more crypto-positive nations will soon be siphoning wealth out of the less crypto-positive nations, and us GRS guys wanna make sure that, somewhere somehow, some adoption project is based on GRS.

Partnership-with-legacy-banking-system (economic): if cryptos are in any way popularised by being adopted by the legacy banking-system – a la Ripple in Japan -- so be it.
Ditto with Government e-fiats.
Ditto: https://www.cryptoninjas.net/2017/05/08/ira-financial-group-introduces-cryptocurrency-ira-tax-deferred-gains/
Ditto: http://www.marketwatch.com/story/heres-one-easy-way-to-get-exposure-to-bitcoin-ahead-of-the-winklevoss-etf-2016-08-29

Special Bonus Category One: Eurozone disintegration: it will be The New Fall of The Roman Empire, characterized by all manner of events that will reveal the worthlessness of banks and governments, and thereby the value of cryptographic currencies.

Special Bonus Category Two: ‘ . . . smartphone ownership rates in emerging and developing nations are rising at an extraordinary rate, climbing from a median of 21% in 2013 to 37% in 2015.’

http://www.pewglobal.org/2016/02/22/smartphone-ownership-and-internet-usage-continues-to-climb-in-emerging-economies/

Practically all cryptos now have android wallets. They are better wallets than they were. More people have smartphones that can run those crypto wallets. More people know of and are prepared to use crypto currencies. More people are available to help others adopt via cryptos. Niiiiiice!
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on May 23, 2017, 03:09:41 am
'Santander Consumer USA Holdings Inc., one of the biggest subprime auto finance companies, verified income on just 8 percent of borrowers whose loans it recently bundled into $1 billion of bonds, according to Moody’s Investors Service.

The low level of due diligence on applicants compares with 64 percent for loans in a recent securitization sold by General Motors Financial Co.’s AmeriCredit unit. The lack of checks may be one factor in explaining higher loan losses experienced by Santander Consumer in bond deals that it has sold in recent years . . . '

https://www.bloomberg.com/news/articles/2017-05-22/subprime-auto-giant-checked-income-on-just-8-of-loans-in-abs

This is a giant Government-approved scam, readers: Biggie Corp gives No-Hoper Guy a car. Biggie Corp gets the money. No-Hoper Guy defaults. The debt goes into an enormous sludge tank -- the bursting of which sparked the 2008 GFC -- and that's 21st-Century 'economics.'

And fiat currencies are bound up in it.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on May 24, 2017, 03:49:41 am
First this morning: one doesn't like to spread FUD; but there is just so much chatter about trouble on exchanges. [Me: Bittrex and Cryptopia: no trouble.] If you have any quality info, please do post it.

And meanwhile . . . Bam!!

http://www.cnbc.com/2017/05/23/moodys-downgrades-china-rating-to-a1-from-aa3-with-stable-outlook.html
Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on May 25, 2017, 12:45:46 pm
First this morning: one doesn't like to spread FUD; but there is just so much chatter about trouble on exchanges. [Me: Bittrex and Cryptopia: no trouble.] If you have any quality info, please do post it.

No trouble for me on Bittrex. I don't use Cryptopia and Poloniex
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on May 26, 2017, 05:01:30 am
'Coinbase informed users on its status page that their website was suffering from a degraded performance.'

https://cointelegraph.com/news/as-bitcoin-altcoins-fall-coinbase-bows-out-due-to-technical-problems
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on May 26, 2017, 08:29:02 am
http://www.zerohedge.com/news/2017-05-25/cryptocurency-chaos-bitcoin-bounces-back-after-crashing-asian-fever-re-emerges

Guys, because I follow the GFC avidly, I surf CrazyPantsJournalism sites like Zero Hedge and Market Oracle. These two started running articles on cryptos before the MSM sites. Now, they aren't necessarily accurate -- why can't these journalists reach out to crypto geeks? -- but without a doubt it's an established trend.

In a perfect world, we'd have a journalist based in our community writing articles for 'the outside.' Whatever: we have limited resources. Meanwhile, we can celebrate two things: One: the 'bridge' between us and the outside has grown from an Adventure-Movie rope-and-plank structure to at least a bitumen country highway; and Two: increasingly crazy events on the outside (notwithstanding the importance of legacy-bank adoption . . . ) will continue to drive crypto prices.


Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on May 27, 2017, 03:39:14 am
So much going on!!

One: the drop in prices doesn't concern me. It's a healthy stabilisation. And check the BTC-GRS pair on Bittrex: solid solid buy-support!

Two: having first noting that the following is information not criticism: this morning I had a pleasant exchange with a Redditor who chipped me for my enthusiasm for GRS. He posted an analysis, and I could only thank him for it . . . as I agree:

'Technologically speaking groestl has its shit together. But the website is old and outdated feeling... And, I hate to say this, but the name is just too "complicated" for western audiences. I know the story behind it, but if I didn't I'd probably be another American pleeb who wrote it off because "how do you pronounce that and wtf does it mean?!". Fundamentals : top notch. Sexiness : :( :('

I have fallen into the habit of using 'GRS.'

Three: various Reddit altcoin-discussion threads still have rather a lot of posts about Poloniex and other exchanges.
Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on May 27, 2017, 12:56:46 pm
So much going on!!

One: the drop in prices doesn't concern me. It's a healthy stabilisation. And check the BTC-GRS pair on Bittrex: solid solid buy-support!

Two: having first noting that the following is information not criticism: this morning I had a pleasant exchange with a Redditor who chipped me for my enthusiasm for GRS. He posted an analysis, and I could only thank him for it . . . as I agree:

'Technologically speaking groestl has its shit together. But the website is old and outdated feeling... And, I hate to say this, but the name is just too "complicated" for western audiences. I know the story behind it, but if I didn't I'd probably be another American pleeb who wrote it off because "how do you pronounce that and wtf does it mean?!". Fundamentals : top notch. Sexiness : :( :('

I have fallen into the habit of using 'GRS.'

Three: various Reddit altcoin-discussion threads still have rather a lot of posts about Poloniex and other exchanges.

I saw that some messages of you on reddit were shadow banned (not sure why) hence i sent u an invite to become a moderator on /r/groestlcoin.
Kindly accept.

I agree with that redditor. We strongly believe that our fundamentals are not strong enough and we believe it will be ready end of this year. Kindly give us more time to finish that then we can work on our sexiness. For what its worth, our website will get a new redesign within 1 month to make it more modern.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on May 28, 2017, 05:45:50 am
So much going on!!

One: the drop in prices doesn't concern me. It's a healthy stabilisation. And check the BTC-GRS pair on Bittrex: solid solid buy-support!

Two: having first noting that the following is information not criticism: this morning I had a pleasant exchange with a Redditor who chipped me for my enthusiasm for GRS. He posted an analysis, and I could only thank him for it . . . as I agree:

'Technologically speaking groestl has its shit together. But the website is old and outdated feeling... And, I hate to say this, but the name is just too "complicated" for western audiences. I know the story behind it, but if I didn't I'd probably be another American pleeb who wrote it off because "how do you pronounce that and wtf does it mean?!". Fundamentals : top notch. Sexiness : :( :('

I have fallen into the habit of using 'GRS.'

Three: various Reddit altcoin-discussion threads still have rather a lot of posts about Poloniex and other exchanges.

I saw that some messages of you on reddit were shadow banned (not sure why) hence i sent u an invite to become a moderator on /r/groestlcoin.
Kindly accept.

I agree with that redditor. We strongly believe that our fundamentals are not strong enough and we believe it will be ready end of this year. Kindly give us more time to finish that then we can work on our sexiness. For what its worth, our website will get a new redesign within 1 month to make it more modern.

For the record (I've already PM-ed Jackie):

whatever else is going on, as tens of billions of new capital continue to flow into the crypto sphere, three things will make a cryptographic currency attractive: One, having a good hard-capped algorithm -- check. Two: being established -- check. Three: having a talented dev team -- check.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on May 28, 2017, 06:01:51 am
Crypto Political Guy (me) recently said: 'When an empire really starts going bad, it cranks out bulk regulations that it can't enforce.'

So, fast forward to this morning's Cointelegraph:

to 'manage . . . cryptocurrency concerns [like wannacry]'

' . . . compiling the application includes extensive paperwork, which may require legal and other outside services as well as many hours of work (which reportedly may result in a total expense between $50,000 to $100,000), making it challenging for smaller companies and startups to apply for the license.

The Bitlicense includes several obligations including hiring a compliance officer, consumer protection, anti-money laundering (AML), cyber security, business continuity, disaster recovery and capital requirements.'

https://cointelegraph.com/news/in-wake-of-global-cyberattacks-calls-for-bitlicensing-grow

How will this stop Wannacry Guy?

Well, Mr. Bureaucracy will get a late-Friday-evening phone call from the cyber-security officer of WeAren'tCyberTerrorists Inc. In a frantic whisper, Ms. Cybersec will convey that her boss, in the corner office at the end of hall, is Wannacry Guy!! Mr. Bureaucracy will then rifle through the files on his desk, find the forms that list W.A.C.T.'s street address, and within minutes, the black helicopters will be on their way.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on May 29, 2017, 02:48:37 am
I'm proud of my call on this one:

https://news.bitcoin.com/use-bitcoin-ecuador-grow-government-ban/

That is, that governments would try to use 'e-fiats' -- pseudo cryptos -- to beat real cryptos; but that folks would work out that these e-fiats will end up as useless as other guvvy money. Interestingly for us crypto geeks though, these attempts to thwart cryptos will ultimately aid us by familiarising citizens with e-currencies.
Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on May 30, 2017, 11:42:05 pm
https://www.reddit.com/r/CryptoCurrency/comments/6e9p1l/can_someone_explain_to_me_what_is_going_on_with/

http://boards.4chan.org/biz/thread/2233840
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on May 31, 2017, 05:24:17 am
https://www.reddit.com/r/CryptoCurrency/comments/6e9p1l/can_someone_explain_to_me_what_is_going_on_with/

http://boards.4chan.org/biz/thread/2233840

'Forget ICO's find a diamond that has already been out for 3 years ready to explode . . . '

[on the 4chan board]

Big-Picture Thoughts: firstly, coins on 'Page Two' on Coinmarketcap are no longer beyond the pale. As capital floods in, they'll thrive -- heck, they are thriving! I understand 'diamond' to mean: 'established' and 'rare' (non-debasable).

Next: mature crypto communities should be leveraging the talent of their communities. A community could run various projects, like consulting and merchant support and OTC/P2P. Shoot me with a tranquilliser dart for my enthusiasm! I'm thinking a decade down the track. Key community figures will fly to meet-ups to develop trust, to develop projects. We'll have 'silent partner' investors, accountants, OPSEC experts, etc.

And this is not just guff. Us IndiaMikeZulu guys are in our fifth year of this project: trust, information-sharing, tax-regulation knowledge, portfolios 'vaulted' for friends and family, meet-ups, bullion integration.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on May 31, 2017, 11:35:04 pm
https://cointelegraph.com/news/breaking-chinese-exchanges-resume-withdrawals-bitcoin-likely-to-surge
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on June 01, 2017, 11:21:27 pm
' . . . risk of entering a negative credit spiral . . . further exacerbating its fiscal distress.'

'Exposure to stepped-up interest costs . . . '

'Distressed pension funding levels . . . '

http://www.barrons.com/articles/s-p-downgrades-illinois-debt-sees-risk-of-negative-credit-spiral-1496334229
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on June 03, 2017, 01:05:16 am
http://imgur.com/a/im8tr

Oooh!! These graphs show just how very very very much money cryptos could soak up.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on June 04, 2017, 06:23:54 am
I wanna invent Krypto Stand-Up Komedy!!

[http://www.coindesk.com/eu-commits-e5-million-fund-blockchain-surveillance-research/ ]

So, ‘a justification for beefing up the ability to track cryptocurrency payments [but] At the same time, those involved pledged not to violate user privacy rights . . . ’

It’s a special type of tracking, readers. You do it with a blindfold on so that you don’t notice anything about the users you’re tracking.

And the involvement of Finland’s National Bureau of Investigation? No, seriously, I hear that Finnish folk lie awake at night worrying about TittieCoin-ers buying fake Prada hand bags on The Dark Net – maybe the Government could put cameras in our smartphones and plasma screens to stop this sort of thing.
No wait! They already have!

And the name? ‘ "Tools for the Investigation of Transactions in Underground Markets", or ‘TITANIUM’ ‘? I mean, the fact that the acronym came out as the name of a rare and valuable metal? How come it never comes out as ‘ARZZGWOMBLE’? or ‘WAMOODIMPYGLUCK’? [Or even 'TOTITIUM'?]

And we all bloody know the answer: whole conference rooms full of pudgy-bottomed bureaucrats spend hours thinking these things up.

That’s the naked truth. You can imagine these men boasting to their wives over dinner that night: ‘Well, it came out first as ‘NINNKEEPOOOZIZZLE’! But a couple of hours brain-storming, and BAM!! -- Project ‘STRONGLAND’!
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on June 06, 2017, 03:35:53 am
Hang them by their ankles! Co-operate with them to understand this phenomenon!

'We are doing a great deal to create a favorable business climate and above all to provide macroeconomic conditions for sustainable economic growth and a stable social system . . . '

http://www.coindesk.com/vladimir-putin-vitalik-buterin-discuss-ethereum-opportunities-recent-forum/

Well, this is a change from the twaddle of 2013. What tells us the most here is the sorts of countries in which Bitcoin is illegal: Bangladesh, Bolivia, Ecuador & Kyrgyzstan.

However, there are categories beyond 'legal-illegal.' Australia, for example, never shuts up saying, 'Fintech is the future!' but the relevant regulations are clumsy and unclear. Meanwhile, South Korea has ' . . . no laws . . . regulating Bitcoin use . . . '

[ https://news.bitcoin.com/worlds-top-10-bitcoin-friendly-countries/ ]

And some nations will use the 'bait-and-switch' of 'e-fiats,' that is, 'cryptos' that are really just an electronic form of the national currency.

What I do hope to see -- what I think we need in order to develop GRS as a currency -- is community members with a knowledge of the situation in their individual nations (dittos buying and mailing bullion).
Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on June 06, 2017, 09:59:33 am
What I do hope to see -- what I think we need in order to develop GRS as a currency -- is community members with a knowledge of the situation in their individual nations (dittos buying and mailing bullion).

Ask me anything about The Netherlands :)
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on June 07, 2017, 03:59:43 am
What I do hope to see -- what I think we need in order to develop GRS as a currency -- is community members with a knowledge of the situation in their individual nations (dittos buying and mailing bullion).

Ask me anything about The Netherlands :)

Ta for this offer, Jackie. I have called this 'national chapters,' and been thought quite mad for the idea. However, every country has different bullion and crypto regulations, and social values, and fintech environments, and economic situations, and other relevant factors.*

And it is also the case that I am not pseudonymous. Thus I can put my name and country at the bottom of posts.

Mark, Western Australia

*The Net is so weak where I am that back in 2014 I had to take my laptop on a 160-k round trip to synch the blockchain for new wallets. On one occasion, it took 48 hours and an expert's help to synch/'build' a Bitcoin wallet.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on June 07, 2017, 04:14:10 am
'Though cryptocurrencies are doing very well this year, analysts foresee that when the economic climate is better, investors will go back to traditional investment mediums and leave cryptocurrencies.'

https://cointelegraph.com/news/why-ethereum-may-grow-higher-in-value-than-bitcoin


'when the economic climate is better'?!!


I'll state my case simply, readers: this prediction is utter rubbish. The Global Financial Crisis has barely begun. Fiat currencies will fall further and further into disrepute. Cryptos will go from strength to strength.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on June 08, 2017, 01:32:06 am
You're helping three incompetent weaklings carry a piano down a narrow staircase. You can hear them slipping and cursing. You start calculating how bad you'll let the situation get before you make a dash out from under.

http://www.telegraph.co.uk/business/2017/06/07/santander-buys-struggling-spanish-bank-popular-for1/
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on June 09, 2017, 03:28:24 am
https://cointelegraph.com/news/fee-for-all-kraken-to-charge-almost-7-for-bitcoin-withdrawals
Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on June 09, 2017, 09:35:52 am
https://cointelegraph.com/news/fee-for-all-kraken-to-charge-almost-7-for-bitcoin-withdrawals

Dont get me wrong, im a pro Bitcoin Core fan but.. That fee is too high to get user adaption. 7 dollar is ALOT in third world countries, or is Bitcoin only for the rich countries?
I personally believe fee should be just couple of cents (like in GRS).
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on June 10, 2017, 07:38:39 am
https://cointelegraph.com/news/fee-for-all-kraken-to-charge-almost-7-for-bitcoin-withdrawals

Dont get me wrong, im a pro Bitcoin Core fan but.. That fee is too high to get user adaption. 7 dollar is ALOT in third world countries, or is Bitcoin only for the rich countries?
I personally believe fee should be just couple of cents (like in GRS).

V. v. cheap transfer-fees sure was one of the original reasons we gave for crypto adoption.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on June 10, 2017, 07:48:20 am
Something A Little Different

no confusion here: I'm a libertarian oriented to the P2P adoption of hard-capped cryptos. Meanwhile, though . . .

us IndiaMikeZulu guys keep an eye on all possible Australian crypto projects; and one of these -- confidential for a couple of weeks more -- is a 'DLT' project, a 'permissioned blockchain.'

So why mention it here? Well, if nothing else, they're pumping money into comprehending the labyrinth of global crypto/DLT regulations (and -- tee hee -- they've discovered real cryptos on the way).

But I'm more interested in the eventual 'overlaps' with our interests. This project is international. The first stage will be the 'core' model, but the later stages will involve the integration of whole communities into daily (permissioned) blockchain use.

And the foundation of the token in question will be a pile of fiat in a vault (tokenised). My bet is that within three to five years, we'll be able to talk these guys into using a real crypto instead.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on June 11, 2017, 06:16:03 am
I've just been cruising Reddit altcoin sites this morning, trying to get a feel of where we're at. There are four or five sites like this one:

https://www.reddit.com/r/altcoin/ and this one: https://www.reddit.com/r/CryptoMarkets/

Never seen so many newcomers!

Sadly, one seems like a troll if one seeks to . . . just round them all up:

'Git along there, little dogies. Off we go to Groestl!!!!'

[No, I didn't misspell 'doggie.' 'Dogie' is an old cowboy word for a motherless calf.]
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on June 12, 2017, 04:20:07 am
And -- first time ever -- here is crypto noooz from a source beyond Planet Krypto:

'South Korea and Japan’s extreme premium rates did not dematerialize overnight. It began with the stabilization of the Chinese market and the resumption of withdrawals led by the big three Bitcoin exchanges in China - Huobi, OKCoin and BTCC.
 
As the global market stabilized and the Chinese Bitcoin exchange market recovered, premiums started to decrease. Chinese exchanges, which used to process Bitcoin trades around 25 percent lower than the global average price, began to process trades at a value higher than the global average Bitcoin price.
 
During that time, liquidity in the Japanese and South Korean markets also increased drastically. Some of the largest companies in Japan, including the multi-billion dollar internet conglomerate GMO, opened a Bitcoin exchange to address the rapidly increasing demand for Bitcoin and South Korean exchanges also began to focus on providing higher liquidity toward traders.
 
Ultimately, the recovery of the Chinese market acted as a catalyst for global Bitcoin exchange market stabilization and standardization.'

http://www.zerohedge.com/news/2017-06-11/bitcoin-surges-above-3000-asian-premium-collapses
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on June 12, 2017, 11:51:59 pm
'Two of Spain’s weakest lenders are the focus of investor panic this weekend, raising fears of another Spanish banking crisis.

Liberbank, a regional bank formed from a merger of three failed savings banks in 2011, has seen the value of its riskiest bonds collapse by 60 per cent in the past two trading days, while its stockmarket value has halved. It is seen as one of the riskiest lenders in Spain because it is saddled with mountains of bad property assets.'

http://www.theaustralian.com.au/business/crisis-fears-take-hold-as-spains-weaker-banks-come-under-siege/news-story/c2e7acdcd5e88ddf210f163e30b29f75


'Spain’s stock market regulator has imposed a ban on short selling in Liberbank . . . '

https://www.ft.com/content/5528c234-1df8-31bc-ae5b-814fffb09373


Wa ha ha!! This is the financial equivalent of being held at gunpoint in the pouring rain to sing hymns of praise to Glorious Leader.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on June 14, 2017, 03:51:56 am
Big-Picture Thoughts

Yup, okay: things are a mite frenzied.
But . . . the macroeconomic background will ultimately just keep shovelin’ capital into cryptos.

The Bitcoin-Aug-1st thing -- the next shouting-match over Bitcoin’s scaling concerns -- is getting quite a few mentions.
And there is AlSO scuttlebutt about the number/flimsiness of ETH’s ICOs.

And total crypto cap hit 61% today. That’s dance-in-the-streets crazy, folks. Historic.
Shoot, I remember when TOTAL crypto cap was TWO percent. That is, cryptos other than BTC (or ETH) are now unarguably candidates for high volume/price.

Let’s focus on the fact that crypto prices are so much measured against Bitcoin.
(That will change – I advocate bullion-GRS pricing/trades.)

The notion of a ‘backstop’ coin keeps coming to me. When things go boom! all those smarties who are presently shouting up the price of . . . everything . . . will need a crypto to scuttle to, but Bitcoin will be less than ever the choice-for-scuttle.

(Note that some will scuttle to fiat, but the scuttling to fiat will become a less attractive option over time.)

GRS is a splendid candidate for ‘backstop function.’
Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on June 14, 2017, 09:33:43 am
Big-Picture Thoughts

Yup, okay: things are a mite frenzied.
But . . . the macroeconomic background will ultimately just keep shovelin’ capital into cryptos.

The Bitcoin-Aug-1st thing -- the next shouting-match over Bitcoin’s scaling concerns -- is getting quite a few mentions.
And there is AlSO scuttlebutt about the number/flimsiness of ETH’s ICOs.

And total crypto cap hit 61% today. That’s dance-in-the-streets crazy, folks. Historic.
Shoot, I remember when TOTAL crypto cap was TWO percent. That is, cryptos other than BTC (or ETH) are now unarguably candidates for high volume/price.

Let’s focus on the fact that crypto prices are so much measured against Bitcoin.
(That will change – I advocate bullion-GRS pricing/trades.)

The notion of a ‘backstop’ coin keeps coming to me. When things go boom! all those smarties who are presently shouting up the price of . . . everything . . . will need a crypto to scuttle to, but Bitcoin will be less than ever the choice-for-scuttle.

(Note that some will scuttle to fiat, but the scuttling to fiat will become a less attractive option over time.)

GRS is a splendid candidate for ‘backstop function.’

Did you buy Bancor? LOL
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on June 15, 2017, 12:32:21 am
'Concealment money laundering'

http://www.jdsupra.com/legalnews/senators-propose-the-combatting-money-17858/

What other sort of money laundering is there? Right-out-in-the-open money laundering? Do they have a greeter at the front door? 'Good morning, welcome to Global Inc. R.O.I.T.O. Money Laundering.'
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on June 16, 2017, 04:37:00 am
How does our 'Occasional Merchant-Trader Project' work?

Suppose a merchant accepts a sum of GRS during a price-spike. The price drops. BAM! She loses money. Not a great adoption model.

We do the opposite: I advise 'LHDG' to accept some GRS (for groceries) when the price is nice. The GRS actually stays in my system. Then, when GRS is up in price, I sell that GRS. The Bitcoin profit becomes 'GRS-earmarked BTC.' When the price dips, I buy back in.

Sigh: LHDG is making a ludicrous profit!

Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on June 16, 2017, 12:17:34 pm
How does our 'Occasional Merchant-Trader Project' work?

Suppose a merchant accepts a sum of GRS during a price-spike? The price drops. BAM! She loses money. Not a great adoption model.

We do the opposite: I advise 'LHDG' to accept some GRS (for groceries) when the price is nice. The GRS actually stays in my system. Then, when GRS is up in price, I sell that GRS. The Bitcoin profit becomes 'GRS-earmarked BTC.' When the price dips, I buy back in.

Sigh: LHDG is making a ludicrous profit!

Wow thats a nice idea!
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on June 17, 2017, 01:38:16 am
http://money.cnn.com/2017/06/16/technology/internet-censorship-india-human-rights-watch/index.html

Cryptos will win – there! I got it in at the first!

Win what? The unholy battle between Government desire to control, and human desire to escape control.

Think back on how the Chinese SmackDown of late 2013 affected crypto prices. But if it ‘worked,’ how come market cap has risen from ten billion to a hundred billion?

I have a wonderful memory of a day during the ugly ugly period of the ’98 Indonesian insurrection. In order to stop a planned march, the state closed off with barbed-wire barricades an area about a mile square. In order to prevent a massacre, the march was called off. But tens of millions of folks followed the events, and those events showed that the reasons for the march were good reasons: the government was corrupt out the wazoo; wasn’t gonna admit that or change; so displacing it was the only real option.

Thus, if Constable Muffincrust starts lumbering about with his Anti-Crypto-Legislation club, and cryptos crash in price, start buying like mad. Why? Because that in itself will prove the need for cryptos.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on June 17, 2017, 01:50:59 am
How does our 'Occasional Merchant-Trader Project' work?

Suppose a merchant accepts a sum of GRS during a price-spike? The price drops. BAM! She loses money. Not a great adoption model.

We do the opposite: I advise 'LHDG' to accept some GRS (for groceries) when the price is nice. The GRS actually stays in my system. Then, when GRS is up in price, I sell that GRS. The Bitcoin profit becomes 'GRS-earmarked BTC.' When the price dips, I buy back in.

Sigh: LHDG is making a ludicrous profit!

Wow thats a nice idea!

Morning, Jackie. Your enthusiasm means a very great deal to me!

We have a swag of ideas based on a clear premise: developing honest mid-term projects benefits those who would use GRS as a currency, and those who do the hard yards of development.

Note: LHDG's GRS-earmarked BTC is presently in buy-support on Cryptopia.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on June 17, 2017, 07:43:02 am
It's so hard to theorise and suggest without being seen as a troll!

This article -- https://cointelegraph.com/news/goldman-sachs-predicts-bearish-movement-for-bitcoin-once-it-reaches-3100 -- suggests that Ethereum might have better gains this year than Bitcoin. I suspect so too.

There's a GRS-ETH pair here: https://www.coinexchange.io/market/GRS/ETH

The price today is 0.000160. I have a small bid up, to buy GRS with ETH, at 150.

If anyone really wants to buy one or two ETH's worth of GRS, I will put bids up at the going rate. PM me anytime.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on June 18, 2017, 05:06:36 am
'Like Puerto Rico, Illinois has a massive pension crisis. Its unfunded pension liability for the state's five major plans grew 25 percent alone in one year, reaching $251 billion . . . '

http://www.cbsnews.com/news/could-illinois-be-the-first-state-to-file-for-bankruptcy/

That's a quarter of a trillion bucks, readers.

And it's the reason for this article: http://www.zerohedge.com/news/2017-06-17/central-banks-are-driving-many-cryptocurrencies
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on June 19, 2017, 06:12:33 am
As the Guide says, 'Don't Panic.' Meanwhile, there's this:

' . . . maintain 100 percent control of their Bitcoin, rather than keeping it in exchanges.'

https://cointelegraph.com/news/new-initiative-advises-users-to-maintain-100-percent-control-of-their-bitcoin

I'm sharply aware that GRS is a BTC-oriented crypto; but change is the only constant.

The GRS-ETH price at this second is: 0.000163 (as best I can honetly work it out) Got a bid up to buy an ETH's worth of GRS on Coinexchange.

And we have a pair here: https://www.cryptopia.co.nz/Exchange/?market=GRS_LTC

I just started poking about here.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on June 20, 2017, 05:01:23 am
The following isn't an attack on Ether. Rather, it's an insight into the forces in play:

'It's a fact that raising that much cash through a standard VC process would require a credible team, multiple rounds of funding, with much due diligence and milestones along the way. None of that happened here -- Bancor went from appearing on the scene 5 months ago to raising 9-digits cash with no demonstration that their scheme actually works.'

http://hackingdistributed.com/2017/06/19/bancor-is-flawed/
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on June 20, 2017, 11:12:05 pm
What is South Korea’s population? About 50 million. Now check here: http://coinmarketcap.com/currencies/ethereum/#markets

The $U.S.-value of Korean Won trading is greater than that of BTC-ETH.


Now look here: http://coinmarketcap.com/currencies/bitcoin/#markets

A half of the top-twenty pairs are crypto-fiat (and one is USDT). Deep breath, campers. This is a noo age.


If you are a financial-news junkie, you know that some U.S. cities, counties, and a territory, are bankrupt -- and a state is about to go on the list; and that pension funds all over the place are going under.

The Italian banking system is rubbish.

Deutsche Bank alone has enough bad debt to sink the world.

One of Spain’s banks recently just laid down and died. Another is now in trouble.

All four of Australia’s biggest banks had their credit ratings lowered yesterday.

And this morning, this:

‘The Management Board of Bremer Landesbank decided to cancel, at the next Interest Payment Date, all payment of interest on the AT1 Notes forming part of the own funds . . . ‘

http://www.dgap.de/dgap/News/adhoc/bremer-landesbank-kreditanstalt-oldenburg-girozentrale-the-management-board-bremer-landesbank-decided-cancel-the-next-interest-payment-date-all-payment-interest-the-notes-forming-part-the-own-funds/?newsID=1012211
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on June 22, 2017, 01:17:25 am
' . . . investment conglomerate Digital Currency Group, now has enough influence to push through at least the first portion of the agreement, though it's not without its dissenters.

Come August, a number of outcomes are plausible. Some are more likely than others. Bitcoin could be upgraded smoothly, or not. But, the big conclusion could play out in many different ways.'

http://www.coindesk.com/bitcoin-scaling-upgrade-finally-happen-fail/
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on June 23, 2017, 09:38:59 am
The Biggest Whack-a-Mole Game in History

Two articles about cryptos on the front page of Zero Hedge, and two more ditto on Market Oracle:

Here's one: http://www.marketoracle.co.uk/Article59446.html

Here's another: http://www.zerohedge.com/news/2017-06-22/how-central-banks-intend-fight-cryptocurrencies

And I swapped related emails with a Bloomberg journalist today.

Recall Ghandi: 'First they ignore you. Then they laugh at you. Then they fight you. Then you win.'

So, as Resident Political Guy, let me state the situation: we're likely entering the Then-they-fight-you phase. The talk is now about how they could just shut us down if they wanted to.

Nuh. They can't.

They can try. And they may.

The issue is the difference between cryptos as just another payment mode, and cryptos as an expression of dissatisfaction with the system -- and we're not necessarily talking here about slogan-shouting radicals burning tyres outside City Hall. We're talking about people who just have no remaining respect for governments and banks.

So, no matter what craziness might happen, just keep accumulating cryptos.

There are nearly 200 nations in the world. Cryptos can be temporarily harassed/chased out of a few, but that will only prove to people in other nations just how out of kilter the system is.

If we have the Internet and a wallet, we're in business.



Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on June 24, 2017, 04:14:52 am
Good morning, campers. If you can find time, please read/re-read this article:

http://www.coindesk.com/bitcoin-scaling-upgrade-finally-happen-fail/

I want you guys to kick my analysis around. Why? 'Cause I sorta thought that 'SegWit2' was gonna solve Bitcoin's block-size problem (which obviously has great impact on the prices of all other cryptos . . . ). But:

' . . . the idea is controversial. As these nodes reject the blocks, they're effectively pushing them to a different network. It's a controversial idea because, like the above hard fork, it could lead bitcoin to split into two competing cryptocurrencies, both called bitcoin.'

http://www.coindesk.com/bitcoin-scaling-upgrade-finally-happen-fail/


[ And there's this one as well: http://www.coindesk.com/top-secret-bitcoin-scaling-plan-segwit2x-leaves-questions-answers/ ]
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on June 25, 2017, 02:23:01 am
'the necessary success requirements a cryptocurrency will need to excel on in order to become adopted at a mass, mainstream level. Once this happens (which increasingly looks like a matter of "when" not "if"), the resultant price increase of the winning coin(s) will highly likely be geometric and meteoric.

Sadly, the most probable catalyst for this will be a collapse of the current global fiat currency regime -- something that increasingly looks more and more inevitable. This will destroy a staggering amount of the (paper) wealth currently held by today's households.'

[my italics]

http://www.zerohedge.com/news/2017-06-24/understanding-cryptocurrency-boom
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on June 26, 2017, 04:45:20 am
'Blah blah blah blah blah blah with taxpayers on the hook for the bad banks[' debts] blah blah blah . . . '

http://www.zerohedge.com/news/2017-06-25/italy-bails-out-two-failed-banks-17-billion-cost-taxpayers
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on June 27, 2017, 01:01:45 pm
Forgive me today, readers. Been out talking to potential adopters. Back at dawn.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on June 27, 2017, 11:32:23 pm
http://www.abc.net.au/news/2017-06-28/ransomware-virus-hits-computer-servers-across-the-globe/8657626
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on June 29, 2017, 04:49:13 am
'The US Federal Reserve has progressed from complacency to delusion.'

http://www.telegraph.co.uk/business/2017/06/28/janet-yellen-courts-fate-trumpeting-end-financial-crises/

Evans-Pritchard is a 'mainstream' journalist. And he's basically calling out the U.S. Fed Reserve. He goes on to say:

' . . . the Institute of International Finance in Washington released figures showing that global debt has reached $217 trillion (£168 trillion).

This is 327pc of world GDP. It is up from 276pc in 2007 – shortly before the western financial system collapsed – and up from 246pc fifteen years ago.'

I'm flabbergasted: how do we account for Yellen's analysis? Is she acting under instruction? Does she just believe?

Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on June 30, 2017, 03:31:51 am
‘ . . . BTC38 . . . “will not list any newly-issued ICO assets” even if it appears they have been classified as legitimate.
“It’s one of the principle of BTC38 not to be the first exchange for any cryptocurrency or assets,” ‘

https://cointelegraph.com/news/chinese-exchanges-issue-ico-warnings-amid-death-penalty-panic

Of course, we have no idea who is leaning on whom behind the scenes . . .  But the principle here is [sigh] a reasonable one. At the very least, it favors long-term interests (the exchange developing a reputation for honesty) over short-term interests (making a lot of money from scammy ICOs).
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on July 01, 2017, 04:30:12 am
Kudos to Shakesbeery -- here: https://www.reddit.com/r/groestlcoin/comments/6k9bnj/grs_market_and_valuation/ -- for talking about speed. (Down the page a bit, under the heading 'Speed.')

I've experienced two approaches to problem-solving in crypto communities. One is to discuss the problems, which puts you on the path to a solution. The other is to never mention them -- like the mad uncle in the attic.

And, in an environment in which shouting sociopathic sock puppets hold far too much power, it's hard to blame communities for remaining quiet.

But I'm gonna assume that a community that managed the world's first implementation of seg wit is committed to staying ahead of the curve. Here's today's reading:

'To put ethereum's issues into context, all open blockchains, including bitcoin, have capacity problems . . . '

http://www.coindesk.com/28-billion-challenge-can-ethereum-scale-meet-demand/
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on July 02, 2017, 03:06:28 am
Check the date on this:

http://www.nytimes.com/2010/12/23/business/23prichard.html   2010.

I recall the publication of this article.

Now fast forward to today. There are squabbles about whether cities, states, territories, whatever, can declare bankruptcy. But we’re more interested in the debt creation that’s involved, because the seizing up of The Debt-Creation Machine will drive cryptos to the moon:

Illinois: finances ‘catastrophic’
Connecticut: budget in ‘state of emergency’

And oooh! Look what just turned up on CoinTelegraph:

https://cointelegraph.com/news/bitcoin-price-may-surge-as-italian-banks-send-alarm-signals-for-europe

EDIT:  And now New Jersey
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on July 03, 2017, 03:31:32 am
Saying, 'Heck, I don't know!' is, I think, a great wisdom. So, what's up with the possibility of Btc HF-ing or SF-ing this month or early next?

Heck, I don't know!!

But we shan't ignore forthcoming events -- particularly with events treading on Ether's toes -- because Btc's fortunes affect our fortunes. Even if you normally a lurker, feel free to post relevant articles.

' . . . a chain split is a more than likely outcome.'

https://themerkle.com/should-you-be-concerned-about-a-bitcoin-chain-split-on-august-1st/

And does anyone use Alcurex? Got any opinions?
Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on July 03, 2017, 04:10:05 pm
I don't use Alcurex.

Im annoyed that coinmarketcap doesnt shows yobtc GRS/CNY pairing on http://coinmarketcap.com/currencies/groestlcoin/#markets
Our biggest volume is there (i believe bittrex and btc100 combined).
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on July 04, 2017, 10:29:10 am
I don't use Alcurex.

Im annoyed that coinmarketcap doesnt shows yobtc GRS/CNY pairing on http://coinmarketcap.com/currencies/groestlcoin/#markets
Our biggest volume is there (i believe bittrex and btc100 combined).

Afternoon, Jackie. Scrappy post today:

One: indeed, coinmarketcap's list of GRS pairs has been scrappy.
Two: still working on My Little Report about our exchanges.
Three: still reading this: https://busy.org/bitcoin/@lexiconical/seg-wit-is-a-trojan-horse-bitcoin-scaling-debate-explained
Four: sigh: (but we gotta understand the politics of this): https://www.cryptocoinsnews.com/china-hiring-blockchain-experts-develop-digital-currency/
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on July 05, 2017, 06:44:47 am
This clarifies some stuff for me:

'Bitcoin’s recent huge backlog of unconfirmed transactions was the result of multiple transactions with “many sources,” Wouters continued, which added to the Blockchain’s bulk.'

'The spam element meanwhile suggests that before Barry Silbert’s New York scaling agreement, actors were deliberately slowing the network down with high fees and delays to force a block size increase, the post says.'

https://cointelegraph.com/news/schnorr-signatures-could-hinder-bitcoin-spam-attacks-educator-wouters
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on July 06, 2017, 03:48:39 am
Clumsy Report on Alcurex and some other exchange stuff

Note 1: there’s a GRS-ETH pair on Coinexchange, but the (tiny tiny) volume doesn’t show on Coinmarketcap.
Note 2: the GRS-UNO pair on Topia is no more.

Note 3: Hmmm . . . Alcurex says, ‘Alcurex is a multi-exchange trading platform . . . ’
Wow! It is! I placed an order on Alcurex; it executed; then showed up as ‘Bittrex’ on Alcurex; then I found it on Bittrex’s list of GRS trades. Next, got more info in the troll box: if you’re trading on Alcurex, you’re also trading on Poloniex, BTC-E, and Bittrex.
Note 4: if I am wrong, please correct me: Alcurex’s Twitter, Bitcointalk, and Reddit are all dormant. The troll box is too quiet.
Note 5: Got a reply from Support. Have moved coin on and off. 2FA is not mandatory.


Note 6: what’s going on here?: http://pricemycoin.com/currencies/groestlcoin/  I see ‘Buy GRS with fiat,’ but it seems no.

Note 7: https://cointopay.com/ I have an account with these guys, but haven’t used their service yet.

Note 8: ‘Lonely Highway Delivery Guy’: if you are visiting Krypto HQ at Lake Muir, W.A., you can buy meat and beer with GRS.

Finally, here are our two Chinese exchanges: https://www.btc100.com/ and https://www.yobtc.com/trade/index.shtml?coinId=34
Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on July 06, 2017, 01:17:10 pm
Clumsy Report on Alcurex and some other exchange stuff

Note 1: there’s a GRS-ETH pair on Coinexchange, but the (tiny tiny) volume doesn’t show on Coinmarketcap.
Note 2: the GRS-UNO pair on Topia is no more.

Note 3: Hmmm . . . Alcurex says, ‘Alcurex is a multi-exchange trading platform . . . ’
Wow! It is! I placed an order on Alcurex; it executed; then showed up as ‘Bittrex’ on Alcurex; then I found it on Bittrex’s list of GRS trades. Next, got more info in the troll box: if you’re trading on Alcurex, you’re also trading on Poloniex, BTC-E, and Bittrex.
Note 4: if I am wrong, please correct me: Alcurex’s Twitter, Bitcointalk, and Reddit are all dormant. The troll box is too quiet.
Note 5: Got a reply from Support. Have moved coin on and off. 2FA is not mandatory.


Note 6: what’s going on here?: http://pricemycoin.com/currencies/groestlcoin/  I see ‘Buy GRS with fiat,’ but it seems no.

Note 7: https://cointopay.com/ I have an account with these guys, but haven’t used their service yet.

Note 8: ‘Lonely Highway Delivery Guy’: if you are visiting Krypto HQ at Lake Muir, W.A., you can buy meat and beer with GRS.

Finally, here are our two Chinese exchanges: https://www.btc100.com/ and https://www.yobtc.com/trade/index.shtml?coinId=34

nice notes. you are missing coinpayments payment processor and litebit euro exchange

Extra Note One: dang! Jackie is right: https://www.litebit.eu/en/buy/groestlcoin -- and here I can slip in something I want to say: the description of what sort of food groestl is? that's on Page One of Bitcointalk?  My call would be to delete it, and I mention that here because litebit's description of GRS is a beauty.

Extra Note Two: bingo! https://www.coinpayments.net/supported-coins

Extra Note Three: sigh. Would like to hear how others are faring on Alcurex. I find it so slow and clunky, but I am a hopeless trader. Maybe it's just me.
Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on July 07, 2017, 10:00:18 am
lol u editted my message instead posting a new one (because ur a mod now).

anyway, can you tell me exactly which sentences needs to be removed so i can pass that forward.

PM sent.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on July 08, 2017, 03:44:08 am
Where do they get these guys?

When Sheng says, ‘ . . . the deflationary nature of digital currencies would mean that they would not function well as a currency or medium of exchange in modern economies,’ s/he really means, ‘There’s a guy with a gun standing off-camera, so if I know what’s good for me, I’d better say what they told me to!!’

And when Sheng says, ‘Bitcoin . . . does not have inherent value,’ what s/he really means, ‘So many Chinese people mined and bought so many Bitcoin that here I now am in the studio with a guy with a gun standing off-camera!’

And when Wiedmann claims that ‘instant bank payments would put an end to most citizens’ interest in digital currencies like bitcoin,’ what he really means is: ‘God, we’re incompetent! We didn’t see the crash coming in 1929! We didn’t see the crash coming in 2008! Under our management, the world is completely and utterly bankrupt out the wazoo! Our security is so bad that pimply-faced geeks in their moms’ basements in Outer Botswanistan can hack our systems, and here I am bad-mouthing cryptos because they’re faster than our system. I’m such a hypocrite I should rush into the kitchen and drown myself in the sink!’

https://www.cryptocoinsnews.com/bitcoin-national-currency-economy-collapse/
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on July 09, 2017, 05:20:30 am
https://mobike.com/global/

' . . . we accept all major Credit or Debit Cards and PayPal.'

No particular plug for Mobike here. Just the thought that GRS would be a better fit for this project.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on July 10, 2017, 07:50:33 am
' . . . there is relatively little virtual currency use among organized crime groups.'

http://www.coindesk.com/eu-report-digital-currency-use-by-organized-criminals-is-rare/
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on July 11, 2017, 12:52:48 am
Guys, there's a time-line of events at the bottom of the article. I'm going over it now, will post again later.

https://www.bloomberg.com/news/articles/2017-07-10/bitcoin-risks-splintering-as-civil-war-enters-critical-month?cmpid=socialflow-facebook-business&utm_content=business&utm_campaign=socialflow-organic&utm_source=facebook&utm_medium=social
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on July 12, 2017, 06:04:46 am
More on ‘Back-Stop Coin’

One idea that I have stuck with is that 2.0 cryptos don’t just simply make all 1.0 cryptos redundant.

But through 2016 and into 2017, it wasn’t an easy argument to maintain. But today it’s not so hard. Check this (Disclaimer: I own heaps of Eth.):

‘ . . . ICOs have managed to raise ridiculous amounts of money (in Ethereum) through their ICOs. For example, the Cosmos ICO raised $16 million, the Status ICO raised $95 million, and the Bancor ICO raised $153 million.’

https://storeofvalue.github.io/posts/why-is-eth-crashing/

But even this morning, Ethereum is worth eighteen thousand million, though the amounts mentioned in the quotation total less than two hundred. Even ten times that amount shouldn't be so destabilizing.

Next: ‘Many don’t have anything close to a product except for marketing materials and a well written white paper with fancy graphics.’

This is refreshingly honest.

So, could we say then that NOT having such ICOs is a GOOD thing? I think so. It gives you a crypto-currency/safe-haven of a ‘solid’ type, which you can use as ‘home base,’ which you use as a ‘back stop.’
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on July 14, 2017, 05:14:08 am
' . . . Bitcoin owners are reluctant to use the cryptocurrency given its rate of appreciation . . . '

https://cointelegraph.com/news/retailers-turn-their-backs-on-booming-bitcoin-trade-magazine

This is unproblematic for us: Once upon a time, we expected early adoption to be followed by mass adoption – it just didn’t turn out that way. For a range of reasons.

And all the time – nine years now – I’ve been avidly following the never-actually-ended GFC. This involves astronomical increases in debt, of which national currencies are a ‘manifestation.’

Then Wall Street – always way behind the intellectual curve – begins to realise that cryptos like ‘BTC’ and ‘GRS’ are ‘hard-capped’: the Fed can’t print them.

So, for a year or a decade, safe haven will run stronger than mass adoption.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on July 14, 2017, 03:04:36 pm
This from our Slack. Gonna dump it here, and re-read it at dawn:

'Bitcoins always affect prices of other altcoins due to its uncertainty.
What will happen on August 1?
User activated soft fork (UASF) SEGWIT for Bitcoin Improvement proposal it will be live on that date.
CATCH
a POSSIBLE CHAIN SPLIT (RISK).
There will be two BITCOINS:
1. BIP Bitcoin - The New Bitcoin
2. Legacy Bitcoin - Old
-If at any point on or after August 1st, the BIP BTC chain becomes the chain with most accumulated (POW), both BIP BTC nodes as well as Legacy nodes would switch to the BIP BTC chain. The Legacy BTC chain should be discarded, resolving the situation. It would have been a temporary split.
-This means that the Legacy bitcoins can quite literally disappear if the BIP BTC chain overtakes the Legacy BTC chain. Therefore, It's not recommended that you buy or accept any Legacy BTC.
What to do on August 1?
1.) Make sure you don't have any BITCOINS on Exchanges or any Custodial wallet (Coinbase, Coins.ph)
2.) Make sure you own your own wallet where you control your private keys.
3.) Do not send transactions for few days or weeks after the fork happens.
4.) One it's known exactly what happens when the fork is live, make sure to use correct wallets to store correct coins.
5. ) Be patient and hold tight'
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on July 15, 2017, 05:32:55 am
Why is this possible? / What causes a split?


Some of this is a repeat of the text above, but it's good and clear. For a few days, readers, we're just gonna dump any good info here and over at Reddit Groestl Coin (and IndiaMikeZulu has a 'lounge room' on Slack. We'll be following developments closely over there too).


'There is no actual BTC in your Bitcoin wallet: there are only private keys which are used to unlock and then transfer ownership of BTC stored in the Bitcoin system. BTC never actually leaves the Bitcoin system. A split creates a clone of the original cryptocurrency, but with modifications preventing the two cryptocurrencies from actually being the same; after the split, you cannot send coins from one side of the split to the other. After the split, your private key can be used to unlock your coins on both the original system and the modified system.

It's like if someone got their hands on a copy of thegoogle.com database and created super-google.comstarting with the google.com database but with different features. You could use the same login credentials to login at either google.com or super-google.com. But after the clone was created, if you received mail.google.comemail, it would not show up at mail.super-google.com, and vice-versa. Similarly, you can use the same private key to spend money on the original currency or the modified currency, but after the split they diverge.

Anyone can create a split. It only requires a few lines of code changes. But splits only matter if people of economic significance actually use the split (ie. they must run the modified software).

Splits happen in the following situations:

- In a contentious hardfork.
- In a user-activated softfork (UASF) which lacks both majority mining power at the time of activation and near-unanimous support from the economy. If it has one or the other, then a split does not result.
- In a BIP9-style miner-triggered softfork where a very large number of miners are lying about their enforcement of the softfork. (Unlikely.)

What happens to my bitcoins in a split?

It's similar to a stock spin-off. You have x BTC beforehand, and afterward you have both x BTC and x "BTC-X". But very importantly, your wallet will not magically know that it is now able to unlock both currencies. If your wallet is not updated to account for the split, then you will only be able to spend one of the currencies, probably the more "status-quo" one. Another possibility is that your wallet could be updated, but only to support a different currency than it would've otherwise, not to support both. It is not unreasonable for wallets to support only one currency, since they really weren't originally designed/intended to support multiple. But if your wallet only supports one of the currencies, then you will usually end up throwing away some or all of the other currency when you next send coins after the split, as a side-effect of the transaction -- this is called "replay".

Value is unpredictable. Like a stock split or spin-off, you'd vaguely expect the value of BTC immediately before the split to equal the sum of the values of "BTC" and "BTC-X" immediately after the split. But if a split like this is anything close to a 50-50 split (in relation to economic adoption/value, not node or miner adoption), then the whole thing will probably be unbelievably, catastrophically messy, which may result in the combined value crashing. On the other hand, if the minority currency is pretty small and things don't get too messy, the minority side could be speculatively overvalued (similar to altcoins) without affecting the majority side too much, causing the combined value to rise somewhat.

Which side of the split is the real Bitcoin?

That depends on a wide variety of factors, and to some degree it is subjective. The most important factor is which currency people/businesses/exchanges accept: if for example one currency is accepted by 95% of the pre-split economy, and the other is accepted by only 5% of the pre-split economy, then the 95% one is probably truly Bitcoin, and the other one can be considered a Bitcoin-derivedaltcoin. Note that mining power has very little influence here.

Some might say that both currencies post-split are valid incarnations of Bitcoin, but it is my philosophy that only one Bitcoin can exist at any one time; any uncertainty is only a temporary feature, and at least in hindsight there will be a single unbroken path from Satoshi's original Bitcoin to the current one.

What should I do to secure my bitcoins?

First of all, remove all bitcoins possible from banks/exchanges/"hosted wallets". If you can't export your private keys, then you don't actually control the bitcoins. This is a good idea in general, but it's especially important in case of splits. If you're using a Bitcoin bank, then you will have no control over what happens to your coins. Quite possibly, the bank will end up stealing/losing one of the currencies that you should have access to, either through greed/malice or technical incompetence, and the currency they throw away might well be the only one that ends up having any long-term value.

Possible splits are usually predictable some time in advance (see the next section). If in doubt, avoid sending transactions or trusting received transactions 12 hours before and up to a few days after the split time, and check the forum for more news. If a major split happens, I will very likely make a post and news item explaining how to handle the situation. Coins at rest are not at risk.

Generally, after a split:

- If you want to completely ignore (ie. discard) one of the currencies, and your wallet is already set up to ignore that currency, then you don't have to do anything.
- If you want to completely ignore (ie. discard) one of the currencies, and your wallet is set up to support only that currency, then you might be able to change the software's settings after the split, or you might have to switch to different wallet software.
- If you want to use both currencies at the same time or sell one of the currencies, then you will probably have to follow a somewhat-complicated series of steps possibly involving running some extra software in order to cleanly split your coins and eliminate the possibility of replay.

What are SegWit, BIP148, UASFs, and "UAHF", and how do they relate to this? / When might a split happen?

SegWit is a set of changes to Bitcoin which increases the max block size, among other improvements. Under its initial BIP141/BIP9 deployment plan, there is almost no chance of a split.

A user-activated softfork (UASF) is a general method of deploying softforks (like SegWit). UASFs have been done in the past, both by Satoshi and after Satoshi left. Unlike the BIP9 deployment method originally planned for SegWit, a UASF does not require any miner cooperation. A UASF can fail, but only through insufficient economic adoption, not by any miner action. However, splits are more likely with UASFs than with BIP9 deployments, especially when the UASF is done on a compressed schedule. (For ideally-low split risk, a UASF would take about a year to activate.)

BIP148 is one specific UASF. It is intended to activate SegWit. It activates and may cause a split on August 1. If it succeeds economically, it will activate SegWit by November.

The large Bitcoin miner Bitmain announced that they might engage in a (nonsensically-named) "user activated hardfork" ("UAHF") shortly after BIP148 activates if BIP148 has any success. This would definitely cause an additional split, resulting in up to three currencies: BIP148-Bitcoin, Bitmain-coin, and (depending on the degree of BIP148's success) status-quo-Bitcoin. As mentioned previously, if you have x BTC before the split, you'll be technically able to claim x of all three of these currencies after the split.

The next time when a split is predicted to possibly happen is therefore August 1, 2017 at midnight UTC.'
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on July 16, 2017, 04:42:10 am
'Outside' influences on cryptos: https://cointelegraph.com/news/ari-paul-tuur-demeester-look-forward-to-up-to-1k-bitcoin-fees

In-house influences on cryptos: http://www.coindesk.com/segwit2x-boycott-bitcoins-uasf-isnt-backing-august-deadline/
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on July 16, 2017, 08:34:17 am
https://bitcoinmagazine.com/articles/bitcoin-miners-miss-first-bip-148-deadline/
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on July 17, 2017, 08:56:22 am
'The prospect that further interest rate rises may well be much more gradual, if they happen at all, shouldn’t have been entirely unexpected given the risks involved in trying to withdraw stimulus and raise rates at the same time . . . '

https://www.theguardian.com/business/live/2017/jul/14/investors-cheered-as-us-rate-hike-expectations-fade-business-live?page=with:block-59686305e4b0a11877b39f1e#block-59686305e4b0a11877b39f1e

' . . . the Fed maintained it would be a "considerable time" after the end of quantitative easing before they would hike the Federal Funds Rate.' -- this was late 2014, about two-and-a-half years ago. But the cynics have been saying bluntly, since 2009, that the global economy would end up in an unholy bog of low inflation/low interest rates/low growth/open-ended on-and-off QE. Well, so far, the predictions of the cynics have been the most accurate.


https://www.forbes.com/sites/samanthasharf/2014/10/29/fed-cuts-monthly-asset-purchases-to-0-as-qe-comes-to-long-awaited-end/#266ded5572c1
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on July 18, 2017, 08:04:05 am
But on the lighter side

'The Bank of Italy is receiving communications from some of the citizens attesting to the autonomous creation of "scriptural euros" and the use of the so-called "created" sums for the alleged payment of debts . . . '

Awesome! Go, those folks!

http://evokeagents.blogspot.com.au/2017/06/bank-of-italy-creation-of-scriptural.html
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on July 20, 2017, 04:21:07 am
Interesting article:

‘Our team, experienced in penetration tests on cryptocurrency stock exchange, currency exchange and other FinTech businesses . . . ‘

https://steemit.com/cryptocurrency/@w4cky/how-we-hacked-yet-another-cryptocurrency-stock-exchange


[Got a reply, from an IT guy, at our Lounge Room:

''pen testing' is network security testing. it covers technical and social aspects of locating and securing weak points in a network. as well as testing for unsecured network ports or buggy applications that allow 'backdoor' entry, it also tests staff protocols. a common test is to drop a few nondescript usb flash drives around the staff car park in the hope a staff member will pick one up and insert it into a work computer. their curiosity will get it inserted and then the hidden malware will do its thing on the network.' ]
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on July 20, 2017, 10:26:01 pm
‘As of press time, Swarm City had confirmed the loss of 44,055 ETH. Edgeless Casino and æternity have not yet given any official comment.
Overall, it's the latest security setback for an ethereum project in recent days, following a hack on CoinDash in which $10 million was stolen in an ICO earlier this week.’

http://www.coindesk.com/30-million-ether-reported-stolen-parity-wallet-breach/


‘crowdfunding hack further dents trust in crypto-trading world’

https://www.theregister.co.uk/2017/07/18/coindash_hack/



Well . . . no. Not ‘crypto-trading world.’ But actually specifically ‘2.0 crypto world,’ the one with the ICOs. And I’m pushing here the same barrow I’ve been pushing for a million (krypto) years: a stable currency is a most desirable thing.

Now, I can’t comment on the GRS dev team’s intentions at the time of GRS’s launch; but it sure is workin’ out well! The no-ASIC-presently-available thing keeps us at some distance from the mining-centralisation problems that Bitcoin is having. And not having ICOs protects us from the hacks that have been destabilizing Ether. Suits me fine.

‘A proper blockchain must establish a fundamental layer of value transfer that only does one thing really well: sends value units in an uncensorable way across the internet.’

https://www.reddit.com/r/CryptoCurrency/comments/6oh2ab/ethereum_is_a_mathematically_broken_and/

Yup. That’s us: ‘sends value units.’



And I’m gonna compare the mining-schedules of Unobtanium and GRS. It annoyed me that the term ‘inflation’ was used, right up to 2016, where writers obviously meant ‘emission.’ So (they’d say), ‘Bitcoin is inflationary’; and they meant that the fact of ‘incoming’ coins constituted a downwards price-pressure. And that’s correct.

And if you are unaware, Unobtanium has a most unusual mining-schedule: about 20% remains to be mined, but will be stretched out over centuries. So, its ‘inflation’ is effectively over. So that downwards pressure is over.
Meanwhile, GRS is still experiencing ‘inflation’ – a downwards price-pressure; and that puts a long-term GRS investor in a great position: hard-capped crypto, no ASIC available, still got ‘inflation’ as a downwards pressure, well positioned (the range of wallets) to attract new community members, and you can buy it with fiat.

Nice!
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on July 22, 2017, 04:43:55 am
‘The U.S. Federal Reserve won't increase interest rates this year . . . ‘

http://www.cnbc.com/2016/07/11/federal-reserve-wont-hike-interest-rates-this-year-societe-generales-alain-bokobza-says.html

I focus on the GFC, readers, on the principle that, as debt weakens national currencies, people will adopt cryptos – safe-haven function.

We’re now heading towards three years since the U.S. Fed Reserve stopped printing money, and stated bluntly that interest rates must rise  . . .

if the economy allowed that . . .

but the economy isn’t allowing that . . .


And the Chinese recently admitted that their ‘shadow-banking’ industry is even larger than they thought. And the Japanese . . .

Actually, let’s condense all this: the cynics are right. Stopping debt-creation would collapse the global economy. The U.S., the Japanese, the Chinese, the Europeans – they all continue to pour money into their economies.

It’s good good news for the long-term of cryptos.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on July 23, 2017, 06:00:01 am
Sick of hearing about Btc's scaling problems? Yup. Me too. Tough: gotta stay up to speed:

'While there are a few steps left before bitcoin’s long-awaited capacity upgrade is a done deal (it's looking increasingly likely that bitcoin miners will push a scaling upgrade by the end of August) . . . '

http://www.coindesk.com/rock-hard-fork-jeff-garziks-plan-avoid-bitcoin-split/
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on July 24, 2017, 08:39:10 pm
http://www.zerohedge.com/news/2017-07-22/pippa-malmgren-talks-bitcoin-refugee-crisis-and-plunge-protection-team

Guys, I don't agree with all Pippa says; but it's fine to see that she chose to speak of the trio of cryptos, debt, and the refugee crisis in Europe.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on July 26, 2017, 12:16:32 am
https://www.coindesk.com/securities-exchange-commission-us-securities-laws-may-apply-token-sales/

OMG! OMG! This is a disaster for us. No, wait . . .
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on July 27, 2017, 01:50:40 am
For a few days, campers, let's amalgamate this thread with this one: https://www.reddit.com/r/groestlcoin/comments/6pc0rm/weekly_grs_market_thread_724/

The OP is doing a really good job.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on July 28, 2017, 09:05:26 am
Oooooh!

https://coinmarketcap.com/currencies/groestlcoin/#markets

CMC is now listing both our Chinese exchanges, so our posted trading-volume has increased.

And we are still here -- https://www.reddit.com/r/groestlcoin/comments/6pc0rm/weekly_grs_market_thread_724/ -- giving Shakesbeery some support.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on July 30, 2017, 10:28:37 am
Does anyone here trade on Alcurex? Is it creepy that most of their coins seem 'Deposit Unavailable'? (Is there some invisible button that I missed?)
Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on July 30, 2017, 11:29:57 am
Does anyone here trade on Alcurex? Is it creepy that most of their coins seem 'Deposit Unavailable'? (Is there some invisible button that I missed?)

Not trading on Alcurex here
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on July 31, 2017, 03:37:01 am
Okay: Naive Report from IndiaMikeZulu: Alcurex is effectively down for us. They were linked to BTC-e, therefore drama drama drama -- they have closed the markets. AND: they've locked the BTC wallets because of the forthcoming split.

This Report up on Slack and Reddit GRS
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on August 01, 2017, 04:42:52 am
We are avidly following the BCC thing -- if you put 'BCC' in on CMC, Bitcoin Cash doesn't come up. But it is there, at 799 at this second: $292 with $1.2M vol.

And I am working the GRS-LTC pair on Cryptopia, though it's a little hard to work out the price.

And Alcurex, don't forget, is effectively down for us.

And there has been some BTC-GRS volume on Coinexchange.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on August 02, 2017, 04:58:13 am
Krypto Nooz 2/8

We don't tout for it, but IndiaMikeZulu has a P2P 'Lounge Room.' There's a lively discussion going on there now about GRS. These guys are old-timer POW enthusiasts. Let's see how that goes.

And The State of Exchanges? I am reluctant to post scuttlebutt here, but there is a lot of chatter about the major exchanges. We weren't impressed by the exchanges' response to the recent massive influx of capital. Well, perhaps the drama around BCC is Round Two of this?
Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on August 02, 2017, 09:48:49 am
Krypto Nooz 2/8

We don't tout for it, but IndiaMikeZulu has a P2P 'Lounge Room.' There's a lively discussion going on there now about GRS. These guys are old-timer POW enthusiasts. Let's see how that goes.

And The State of Exchanges? I am reluctant to post scuttlebutt here, but there is a lot of chatter about the major exchanges. We weren't impressed by the exchanges' response to the recent massive influx of capital. Well, perhaps the drama around BCC is Round Two of this?
How can users join your p2p lounge room?
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on August 03, 2017, 01:54:35 am
Invitation only. We've been hoping you'd turn up: https://t.me/joinchat/DcW5dkIThMWaisuezKfSnA
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on August 03, 2017, 02:04:07 am
This chart says it all: https://bittrex.com/Market/Index?MarketName=BTC-GRS

Alcurex is still in limbo.

GRS-LTC on Cryptopia shows a much tighter buy-sell spread. I picked up 1,000 GRS there just yesterday.

GRS-DOGE: I love Doge. Everyone loves Doge, but that's not the same as being prepared to buy in during its long-slow-decline phases. Zero volume on this pair.

GRS-ETH: sigh: I hoped to get some volume here; but Eth's recent screw-ups have made that hard. If anyone wants to buy ETH with GRS, contact me.
Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on August 04, 2017, 01:11:54 am
This chart says it all: https://bittrex.com/Market/Index?MarketName=BTC-GRS

Alcurex is still in limbo.

GRS-LTC on Cryptopia shows a much tighter buy-sell spread. I picked up 1,000 GRS there just yesterday.

GRS-DOGE: I love Doge. Everyone loves Doge, but that's not the same as being prepared to buy in during its long-slow-decline phases. Zero volume on this pair.

GRS-ETH: sigh: I hoped to get some volume here; but Eth's recent screw-ups have made that hard. If anyone wants to buy ETH with GRS, contact me.
https://bitcointalk.org/index.php?topic=458732.msg20596170#msg20596170
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on August 04, 2017, 05:08:26 am
This chart says it all: https://bittrex.com/Market/Index?MarketName=BTC-GRS

Alcurex is still in limbo.

GRS-LTC on Cryptopia shows a much tighter buy-sell spread. I picked up 1,000 GRS there just yesterday.

GRS-DOGE: I love Doge. Everyone loves Doge, but that's not the same as being prepared to buy in during its long-slow-decline phases. Zero volume on this pair.

GRS-ETH: sigh: I hoped to get some volume here; but Eth's recent screw-ups have made that hard. If anyone wants to buy ETH with GRS, contact me.
https://bitcointalk.org/index.php?topic=458732.msg20596170#msg20596170

Thanks for this, Jackie. Let's watch Alcurex.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on August 04, 2017, 05:09:36 am
' . . . it is enough if the police . . .  don't like your smell.' https://www.reddit.com/r/CryptoCurrency/comments/6raq1f/biggest_german_bitcoin_platform_bitcoinde/

The comments are an unusual 'overlap' of cryptos and politics. A lot of good information here.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on August 05, 2017, 10:39:25 am
Okay, folks reading this are likely trading the English-language pairs, and also likely doing most of their trading on the Bittrex BTC-GRS pair.

And the Coinexchange GRS-ETH pair just hasn't kicked off.

H o w e v e r, if you aren't a big-time player, think about doing some bargain-hunting on the lower-volume exchanges/pairs. I use 'bands' -- that is, if the price is 4000, put in some buy-bids in at pluse-minuse 3000, and some sell-bids at plus-minus 5000. It does require that you leave coin on the exchange; but only small amounts.

I use paper charts (vision-impaired, me). So I usually don't even need to log on: just go to the exchange, and you can see if your bids have gone through or not.



Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on August 06, 2017, 05:09:59 am
‘ . . . we could still see another split.’

https://news.bitcoin.com/segwit2x-and-the-tale-of-three-bitcoins/

Nothing is definitive in cryptos, but look at this: https://bittrex.com/Market/Index?MarketName=BTC-GRS

We (us ‘IndiaMikeZulu’ guys) have endless theoretical discussions – ENDLESS. Been at it since mid-2013. One notion is the psychology of ‘back-stop coin.’ Yes, indeed, there’s no escaping it, Bitcoin is a major player; but a primary reality is:

‘Which coin do you “go home” to?’

GRS got no ICOs. GRS got no splits or threats of splits. GRS got solid development and mid-term winding-down of emission (incoming mined coins).

So I and some others are simply putting our money where our mouths are: steadily accruing GRS, so we can make it our ‘home base.’ Probably take three or four years to get enough of a stake. Whatever.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on August 07, 2017, 09:01:27 am
Easy one today: Cryptopia has long had slow periods; but in recent days it's been so slow as to be almost unworkable -- for me. Anyone else having this problem?

AND: if you care to, come and help us find out how to navigate a Chinese-language GRS site:

https://www.reddit.com/r/groestlcoin/comments/6rj7wq/can_nonchinese_open_an_account_at_yobtccom/?utm_content=title&utm_medium=hot&utm_source=reddit&utm_name=groestlcoin
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on August 09, 2017, 01:23:39 am
http://groestlcoin.org/forum/index.php?topic=476.0
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on August 10, 2017, 04:18:20 am
Doubtless many wonder why I make such a fuss about the GFC/debt. Well, the tenth anniversary is bringing out the detail:

'Lord Darling said there would have been “blind panic” had the government not intervened.'

https://www.theguardian.com/business/2017/aug/09/alistair-darling-rbs-said-they-would-run-out-of-money-in-early-afternoon

Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on August 11, 2017, 11:10:07 am
Cryptopia is back to normal.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on August 12, 2017, 06:55:51 am
'Social Security hopes that ‘real’ interest rates, i.e. inflation-adjusted interest rates, will be at least 3.2%.

This means that they need interest rates to be 3.2% ABOVE the rate of inflation.'

http://www.zerohedge.com/news/2017-08-11/social-security-requires-bailout-thats-60x-greater-2008-emergency-bank-handout


Strength of economy = strength of national fiat currencies = future values of cryptos. This situation is an iron-clad guarantee that cryptos will flourish.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on August 13, 2017, 08:52:21 am
The front page (at least) of Coinmarketcap has gone nuts. Bitcoin has jumped to $4123 (Coindesk). All other alts -- tee hee, except GRS!! -- taking a hammering.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on August 15, 2017, 12:56:47 am
We'll just call it 'the Bittrex memo' -- the one about having to have 15 BTC on the buy-side in order to stay listed. At least one other community that I know is paying attention to this.

And we are actively considering how a P2P initiative might improve the situation.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on August 16, 2017, 06:14:29 am
And on The Lighter Side

https://www.bitsonline.com/australian-editor-bitcoin-anarchists/

This guy is today's winner of the Professor Williams Award for Saying Dumb Stuff about Cryptos

https://www.coindesk.com/mark-t-williams-bitcoin-bulls-time-will-vindicate-prediction/

Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on August 26, 2017, 05:40:55 am
Woo hoo! Krypto Noooz is back: my computer was being re-built, so I took a week off.

http://www.zerohedge.com/news/2017-08-25/bitcoin-really-anonymous-irs-moves-track-cryptocurrencies-new-chain-analysis-tools

Now, let me say clearly here that I'm not encouraging anyone to do anything bad or mad. I just want to make a point about where cryptos have come from/where they are going:

cryptos were originally traded p2p -- there were no exchanges -- and that was a reflection of the political values of the pioneers. Then . . . along came the (centralised) exchanges

BAM! Wild speculation!

Now, at that point, there were two different schools of thought on Planet Krypto: One, cryptos are a libertarian political instrument. Two, cryptos are a payment method.

My point here is that articles like the one linked above simply assume that cryptos are primarily payment methods and speculative instruments -- which puts banks and commercial enterprises and Departments of Taxation and 'chainanalysis' at the very centre of the web. This is the 'Fintech' model.

But once local networks of GRS folks simply start buying from and selling stuff to one another directly, the ability to/interest in tracking and analysing the blockchain will (certainly in the face of increasing socio-economic disruption) decrease. In short, Governments are being overwhelmed.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on August 27, 2017, 06:43:30 am
Sunday-Morning Theory

You get an interesting result, campers, if you define 'cryptographic currency' by its politics rather than its technology -- and I don't claim to be right about this, or want to start an argument. Just want to get some perspective on a thing we've been expecting: 'corporate coins':

A cryptographic currency is non-Governmental and decentralised. But the Government/centralised aspect has, on Planet Krypto, a strong and clear sense of non-inflatable: it is the fact that a crypto is decentralised/non-Governmental that saves it from the debasement (often called ‘inflation’).

So, what about Truck Coin? Which has 200% interest per year? Answer: it’s a crypto with all the problems of a Government fiat.

What about Commy-Gov LoveYourNation Coin?

Think back on the discussions of 2013 about What Money Is. Those who argued that money (Government fiats) is ‘physical’ – notes and coins – kept forgetting that enormous amounts of it isn’t physical: it’s 0s and 1s on data bases. This bought us back to reality: physical-ness is irrelevant. It's about (a) the money being valued because it's Governmental, and (b) the Government can debase it.

So here’s what’s going to happen: Governments will print their (largely-electronic) fiats until even Mr. and Mrs. Ordinary begin to figure out that all is not well. Then they’ll ‘discover’ ‘cryptos,’ and issue one:
http://www.investopedia.com/news/chinese-government-developing-its-own-cryptocurrency/

But it’s not a crypto. Politically. It might be one technically. But its dev team will occasionally get a phone call telling them to double the number of units in the currency – debasable.

So, let’s call these instruments ‘e-fiats.’

And corporations will do the same thing; and because I hate Ronald McDonald so much, we’re gonna call them ‘Ronald Coins.’
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on August 28, 2017, 01:29:41 am
'If you could go back to 2007 would you really choose these policies again? Had they been used as short-term shock therapy only, the central bankers might have got away with it. As it is they have now made our economies more dysfunctional than ever — and, worse, they can’t find a way out.'

BAM!

https://amp.ft.com/content/c939adf8-8826-11e7-afd2-74b8ecd34d3b
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on August 29, 2017, 07:07:26 am
http://www.zerohedge.com/news/2017-08-28/china-planning-ico-crackdown

Deep breath here, campers:

China has been the hotbed of speculation since Day One. This (authoritarian) move will make cryptos like GRS more attractive.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on August 30, 2017, 10:00:46 am
Noo Project

Understanding the Lightning Network.

'Scalability. Capable of millions to billions of transactions per second across the network. Capacity blows away legacy payment rails by many orders of magnitude.'

There's an interesting argument between 1.0 crypto folk and 2.0 crypto folk. But 1.0s that implement the Lightning Network will become something far far more valuable than just an 'ordinary 1.0.'

https://lightning.network/
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on September 01, 2017, 09:19:48 am
Over $2M volume today on Bittrex. Fabulous.

Now, exchanges like Coinexchange, which sometimes have no volume (at all . . . ) for days, are a community resource. If you have the energy, put some coin on them, and trade. With world interest growing literally by the hour at this point, our 'interface' with the world -- advice for newcomers, 'click-n-go' wallets, exchanges -- is what will push GRS up the charts.
Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on September 01, 2017, 05:02:01 pm
Over $2M volume today on Bittrex. Fabulous.

Now, exchanges like Coinexchange, which sometimes have no volume (at all . . . ) for days, are a community resource. If you have the energy, put some coin on them, and trade. With world interest growing literally by the hour at this point, our 'interface' with the world -- advice for newcomers, 'click-n-go' wallets, exchanges -- is what will push GRS up the charts.

Which exchange would u like to see next:

1. C-cex
2. Livecoin
3. Touzibi (chinese exchange http://www.touzibi.com )
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on September 02, 2017, 09:44:44 am
Over $2M volume today on Bittrex. Fabulous.

Now, exchanges like Coinexchange, which sometimes have no volume (at all . . . ) for days, are a community resource. If you have the energy, put some coin on them, and trade. With world interest growing literally by the hour at this point, our 'interface' with the world -- advice for newcomers, 'click-n-go' wallets, exchanges -- is what will push GRS up the charts.

Which exchange would u like to see next:

1. C-cex
2. Livecoin
3. Touzibi (chinese exchange http://www.touzibi.com )

Hey, Jackie! Well, I already trade occasionally on C-Cex. (Thanks for your offer to contact the C-Cex guys. I really appreciated that.) Will check out Livecoin and Touzibi.

But Bisq (Bitsquare)? I tried it last year -- as Bitsquare -- and disliked it. But I feel strongly that long-term
'currency function' development must include decentralised exchanges, and p2p possibilities.

I set up Bisq this afternoon. And here is the text on altcoin acceptance:

https://forum.bisq.io/t/how-to-add-your-favorite-altcoin/46

One prerequisite is volume: if you get listed, there must be some trades. If we can get listed, I will try hard to get some volume.

And overall: a really good atmosphere in recent days on Planet Krypto, in the GRS community, in my outfit. A lot of things are falling into place. IndiaMikeZulu will plod along, helping the dev team as best we can.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on September 03, 2017, 06:09:56 am
Feedback for Jackie on possible new exchange/s

Please post your replies here, to make it easier for Jackie: http://groestlcoin.org/forum/index.php?PHPSESSID=ocqb5a0e1esag09nacmp317366&topic=477.msg1970#new

So, which would you prefer?
http://www.touzibi.com/
https://www.livecoin.net/
https://c-cex.com/

For me? I’m sure I decided against livecoin at some time in the past (remember Haircut Guy).
I already trade on C-Cex – had an account since I traded Unobtanium on it. Gotta check reviews and Support again; but it has a fine layout.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on September 04, 2017, 05:42:06 am
Among friends I now see a definite start of ‘Stage Two,’ in which moms and dads get their first – often significantly large – purchases of cryptos arranged by their kids. These purchases are clearly ‘safe haven’/boomer retirement hobby. Although the boomer mums and dads involved aren’t so computer savvy, most of them are life savvy, and have social networks with much deeper roots than their own kids’.

Let’s keep an eye on this phenomenon.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on September 05, 2017, 01:24:54 am
China’s ban on ICOs puts GRS and a range of similar coins in a very nice position: non-ICO cryptos, established, with Chinese exchanges. Just months ago, crypto geeks I work with were teasing me. I was the only one still trading any 1.0 crypto. They were all big big big on Ether and the ICOs.

But now we’re going to see the ‘currency/safe-haven function’ come into play. It’s a good time to be introducing friends and family to GRS!
Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on September 05, 2017, 07:17:16 pm
Since Mark is the only one responding we went with his advice:

GRS added on C-CEX. Our first USD market.
https://c-cex.com/?p=grs-btc 
https://c-cex.com/?p=grs-usd 
https://c-cex.com/?p=grs-ltc 
https://c-cex.com/?p=grs-doge
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on September 07, 2017, 02:00:51 am
‘In time, all other forms of money would be banned.’

https://dailyreckoning.com/global-elites-secret-cryptocurrencies/

Dailyreckoning Guy is sure that Big Brother is gonna take over cryptos.

Well, yes and no . . .

The article pivots on a misapprehension: that ‘the super-elites’ can actually achieve this level of control.

But they can’t.

They’ll trrrrryyyyyy . . . But they tried not to have a Financial Crisis. And they tried not to stuff up the recovery that followed. Consider what a fantastic clumsy failure the demonetization initiative in India is turning out to be. And China? Does anyone think that a sprinkling of political fairy dust will un-corruptify the entire failing Chinese politico-economic model?

You can’t un-disintermediate a deteriorating system with a big stick.

And how should we respond to events? Continue developing a small disciplined trust-alliance-focussed network of crypto geeks. Expect craziness. React calmly to it. (Gotta manage a physical meetup this decade!)
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on September 08, 2017, 06:27:09 am
‘President Donald Trump on Thursday suggested he is open to getting rid of the nation’s debt ceiling altogether.’
https://www.businessinsider.com.au/trump-debt-ceiling-schumer-pelosi-deal-2017-9?r=US&IR=T

‘British Airways plans to close pension scheme’
http://www.telegraph.co.uk/business/2017/09/07/unions-hit-thousands-plunged-retirement-uncertainty-british/

Someone reasonably pointed out that everyone already knows that U.S. debt will never be repaid – that the debt ceiling has already been abandoned in effect. But sayin’ it out aloud is altogether another thing.

And abandoning a major pension scheme? This is the end of an era, and it will result in massive amounts of capital looking for a new home. In cryptos . . .
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on September 09, 2017, 05:46:25 am
In my next life, I will be the guy who delivers the lottery cheque: 'Woo! Cheque Guy is here -- come and have a glass of champagne!!'

But I chose (revolutionist) political theory -- gotta be the most miserable avocation on the planet: you're always focussed on the negative, on the stuff that folks don't want to hear about, on the stuff that folks haven't studied.

Gonna say this cause it's pivotally relevant:

rises in childhood ADHD, rises in opioid deaths, hurricanes hammering cities, the abandonment of debt ceilings, the open-ended use of QE, the collapse of pension plans . . . these are all powerful positive-drives for cryptos.

Why? because they mark the increasingly-apparent onset of dystopia; and cryptos are one instrument -- gold and gardening equipment are others -- that will become increasingly sought after as dystopia advances.

Please excuse my frankness

Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on September 10, 2017, 12:37:14 am
Good info on The China Thang:

https://www.forbes.com/sites/kenrapoza/2017/09/06/chinas-ico-ban-doesnt-mean-its-giving-up-on-crypto-currencies/#f776667aebf5
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on September 11, 2017, 07:09:14 am
Got a lot of hard-core 2013-POW altcoiners (miners) in my crowd. We're focussed on the values of a range of coins, notably GRS and Uno.

We see established POWs now coming of age, particularly now that safe-haven function has become so popular. So, we look at IoTa, for example, which still has its wallets in beta, but a cap of $1,461 million U.S.

GRS's total cap is about ten M.

A rise or fall of 10% for IoTa is an amount fifteen times the total cap of GRS. How 'real' are these amounts?

Now look here: https://bittrex.com/Market/Index?MarketName=BTC-GRS

Our mob have our noses pressed against the glass. Global financial markets are a madhouse, with IMMENSE amounts of funny money -- trillions and trillions -- due to flood the markets in coming years.

So, GRS gets sqeezed to .00002500? 2200? 2000? It's a bargain, for a range of real reasons; and we need to learn to explain this to the flocks of newcomers running about on Reddit looking for The Next Top-Ten Crypto to invest in.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on September 12, 2017, 02:54:04 am
‘ “Old users will definitely still trade, but the entry threshold for new users is now very high. This will definitely slow the development of cryptocurrencies in China.” ’

‘Authorities don’t have plans to stop over-the-counter transactions . . . ’

https://www.bloomberg.com/news/articles/2017-09-11/china-is-said-to-ban-bitcoin-exchanges-while-allowing-otc-trades-j7fofh20

Veeeery interesting!! I have always wished that centralised crypto-exchanges hadn’t become so . . . centralised. It would be a fine project to travel about China to learn about price-discovery among OTC players – that is, big players.

The future I'd like to see for GRS includes a core of active players involved in major OTC operations. Involving several crypto currencies. Travelling internationally. Consulting. Pooling the immense amounts of talent that these 'active core' players have.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on September 13, 2017, 03:55:23 am
http://www.euronews.com/2017/09/11/italy-s-main-opposition-parties-call-for-new-currency-to-flank-euro

Startling figures! And every weakening of the existing model will channel capital into cryptos.

This is interesting: https://cointelegraph.com/news/argentina-jumps-on-bitcoin-atm-bandwagon-with-200-expected-in-october

Argentina is ripe for crypto adoption: Argentinians suffered badly after the default of 2001. And Argentina came up some time ago when I was examining the link between hyper-inflation and national-fiat-I’m-outta-here!!

Malawi
21.4   2012 est.
  Ethiopia
23.4   2012 est.
  Argentina
41.0   2016 est.
  Sudan
31.9   2012 est.
  Syria
37.0   2012 est.
  South Sudan
79.0   May 2012 est.
  Venezuela
741.00   
https://en.wikipedia.org/wiki/List_of_countries_by_inflation_rate

The statistics speak for themselves.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on September 14, 2017, 09:03:19 am
https://news.bitcoin.com/koreas-exchange-coinone-launches-physical-cryptocurrency-exchange/

If there is going to be regulation, then it’s time that exchanges were pressured to provide some of the basic customer service you’d expect even from a midnight hot-dog stand.

What also interests me here is how the crypto phenomenon is, slowly but in many ways, diversifying from the insane over-focus on centralised exchanges that we suffered back in 2013 and 2014.
Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on September 14, 2017, 07:47:53 pm
Feedback for Jackie on possible new exchange/s

Please post your replies here, to make it easier for Jackie: http://groestlcoin.org/forum/index.php?PHPSESSID=ocqb5a0e1esag09nacmp317366&topic=477.msg1970#new

So, which would you prefer?
http://www.touzibi.com/
https://www.livecoin.net/
https://c-cex.com/

For me? I’m sure I decided against livecoin at some time in the past (remember Haircut Guy).
I already trade on C-Cex – had an account since I traded Unobtanium on it. Gotta check reviews and Support again; but it has a fine layout.

Livecoin coming up next. This will have our second USD pair. It will come this month.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on September 16, 2017, 03:57:37 am
Feedback for Jackie on possible new exchange/s

Please post your replies here, to make it easier for Jackie: http://groestlcoin.org/forum/index.php?PHPSESSID=ocqb5a0e1esag09nacmp317366&topic=477.msg1970#new

So, which would you prefer?
http://www.touzibi.com/
https://www.livecoin.net/
https://c-cex.com/

For me? I’m sure I decided against livecoin at some time in the past (remember Haircut Guy).
I already trade on C-Cex – had an account since I traded Unobtanium on it. Gotta check reviews and Support again; but it has a fine layout.

Livecoin coming up next. This will have our second USD pair. It will come this month.

Okay! Gonna help work up volume on Livecoin!
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on September 17, 2017, 05:01:15 am
https://cointelegraph.com/news/rumors-or-facts-china-reportedly-moves-to-block-access-to-all-major-bitcoin-exchanges

Heck, who knows? What I ask is that we all watch out for recently-released reports, and post the links on the GRS and Telegram channels.

Exciting times on Planet Krypto!!
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on September 18, 2017, 03:18:48 am
Marketing Us

Here is the Coinmarketcap list of our exchange-pairs:


1   Bittrex GRS/BTC $205,291

2   Cryptopia GRS/BTC $578

3   LiteBit.eu GRS/EUR $537

4   Cryptopia GRS/LTC $0

5   BTC100 GRS/CNY $0

6   Cryptopia GRS/DOGE $0

7   C-CEX GRS/BTC $0

8   CoinExchange GRS/BTC $0

9   CoinExchange GRS/ETH $0

10   Yobtc GRS/CNY $0

With respect, campers, posting, ‘Lambo, Lambo!’ is the easy part. We have a great opportunity, right now, to boost trading-volume on our other exchanges. C-cex is a sweet little exchange to trade. (Well, I really like the dark mode.) Boosting volume on Cryptopia wouldn’t be hard.

And we have another exchange incoming.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on September 19, 2017, 03:06:26 am
‘Bitcoin was created explicitly to be outside of the legal and financial structure created by governments and banks.’

https://medium.com/airbitz/why-china-shutting-down-bitcoin-exchanges-is-great-for-bitcoin-ddb37a64da5a


‘India's push to go cashless has another high-profile supporter: Google.
It launched a mobile payments app designed for the Indian market on Monday, becoming the latest big player to join an increasingly crowded field.’

http://money.cnn.com/2017/09/18/technology/google-tez-india-mobile-payments-app/index.html



I look forward to readers’ comments on this. Don’t want to criticize or really even influence. Just want to think out aloud:

in 2013, it was a BIG deal for a crypto to get an android wallet – major development goal! Some readers might not know that at that time communities struggled to get their crypto listed on an exchange – any exchange. Sometimes coins puddled along on p2p for weeks.

At that time, there was a sharp divide among the citizens of Planet Krypto between the libertarians and the cryptos-are-a-payment-model supporters.

Recall that there were no 2.0 cryptos at that point. No cryptos were joined at the hip with mainstream commercial undertakings (though IndiaMikeZulu was theorising every possible development, and I may fairly say that our analyses have turned out to be solidly correct).

Okay, gonna keep this short: what is now clearly developing is a mish-mash of (a) the ‘original’ free-standing blockchain currencies (libertarian), and (b) government ‘cryptos’ that aren’t actually cryptos at all in the original political sense (particularly: they don’t have hard caps), and (c) the involvement of immensely powerful non-government political entities like Google, who will surely soon release OurHappyCryptoLivesInOurBrowserWallet Coin, which unarguably makes ‘your’ crypto somehow, via Biggie Corp, an extension of the government fiat system. The word ‘embedded’ keeps popping into my mind – the exact opposite of ‘free-standing’ libertarian.

So, whatever cryptos you invest in, however you choose to develop your favourite coins, please be sharply aware of which category each one fits into.

Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on September 20, 2017, 03:14:51 am
‘Mexico, this month, will unveil proposed legislation aimed at regulating its fast-growing financial technology sector, including firms that use cryptocurrencies like Bitcoin.’

https://cointelegraph.com/news/mexico-to-join-club-of-countries-with-bitcoin-regulation


ICOs will continue to attract the attention/displeasure of governments: they really do put their necks on the block. But it’s interesting to clarify the ‘stations’ on the spectrum as you move away from the most controlled cryptos to the least controlled – and I don’t just mean dark coins on dark markets. P2p and OTC, for example, can in theory be undertaken with a crypto that has no exchange-listing. Or just a listing on a decentralised exchange.

There is a tiny but clear-headed community – IndiaMikeZulu belongs to it – whose primary interest is ‘pure’ 2013 POW cryptographic currenicies. Our vision of How The Crypto Thang Would Go has always assum3d that Ghandi was right: first they ignore you; then they laugh at you; then they fight you; then they lose.

We are clearly now headed into the ‘Then they fight you’ phase, though ‘co-opt’ is a relevant term here. And our 2013 analysis is making more and more sense: 2.0 cryptos (most with ICOs) will become increasingly subject to oversight and regulation. ‘In-Browser Coin’ may never even have private keys!


‘And with this, business representatives from the state have wasted little time in using the newfound language as a means to lure companies that are flirting with smart contract applications in sectors such as finance, real estate, law, public records and insurance.’

https://www.coindesk.com/arizona-smart-contract-clarity-winning-startups/

A little further across the spectrum is the point at which pure cryptos are used in mainstream commercial applications (and I look forward to GRS being used thus). This will involve ‘public’ addresses, and computer applications that allow merchants to track their cryptos, and accountants using this data to prepare tax returns.

And finally we arrive at the other end of the spectrum: cryptos used by libertarians in modes that are somewhat/very largely detached from ICO oversight/crypto-exchange oversight/in-browser oversight/merchant-bookkeeping oversight/tax-return-preparation oversight. And certain folks may feel a little smug about how these lean mean instruments – hard-capped and non-ICO, with libertarian-leaning communities – are now quite clearly going to weather the next ten years better than very many 2.0s.
Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on September 20, 2017, 08:48:45 pm
Marketing Us

Here is the Coinmarketcap list of our exchange-pairs:


1   Bittrex GRS/BTC $205,291

2   Cryptopia GRS/BTC $578

3   LiteBit.eu GRS/EUR $537

4   Cryptopia GRS/LTC $0

5   BTC100 GRS/CNY $0

6   Cryptopia GRS/DOGE $0

7   C-CEX GRS/BTC $0

8   CoinExchange GRS/BTC $0

9   CoinExchange GRS/ETH $0

10   Yobtc GRS/CNY $0

With respect, campers, posting, ‘Lambo, Lambo!’ is the easy part. We have a great opportunity, right now, to boost trading-volume on our other exchanges. C-cex is a sweet little exchange to trade. (Well, I really like the dark mode.) Boosting volume on Cryptopia wouldn’t be hard.

And we have another exchange incoming.
Livecoin is live with btc and eth pairs. Usd added soon.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on September 21, 2017, 07:33:10 am
Exchange Report, September, 2017

Morning, campers! Our mid-term goal is to spread trading-volume more evenly across exchanges, especially those with fiat-crypto pairs, so fair ‘entry’ and ‘exit’ prices are available – v. v. important for merchants.

I have started trading on Livecoin (Hair Cut Guy Exchange!). Have sent an hello to Support. They state an interesting policy: if you haven’t enabled 2fa, they won’t accept security-related tickets from you.

And there’s a game on the exchange?

Here’s a review: http://www.bestbitcoinexchange.net/en/livecoin-net/

Next, Doge-GRS pair got some love yesterday. I like the Doge community; but Doge’s long-downhill-crazy-spike style spooks me. Whatever, it’s good to see non-BTC-GRS pairs with volume. When I started with GRS, I was more confident to push the ETH-GRS pair. Now, rather less. Still, we have an ETH pair on Coinexchange, and now one on Livecoin.

And for our crypto trading in coming months, keep an eye on this: https://www.valemount.io/catalyst-calendar/
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on September 22, 2017, 05:04:35 am
https://qz.com/1083781/jpmorgans-jamie-dimon-is-accused-of-manipulating-the-bitcoin-btc-price-in-sweden/


‘The ARK Web x.0 ETF invests in disruptive companies transforming all sectors of the economy.’

http://www.prnewswire.com/news-releases/ark-invest-becomes-first-public-fund-manager-to-invest-in-bitcoin-300143030.html


Back in April, when the SEC was about to rule on the Ether ETF -- https://www.coindesk.com/sec-now-weighing-ethereum-etf-proposal/ -- I scratched about to see how many Wall-Street-sort-of thingamabobs already existed to trade cryptos, or were proposed to do so. Interesting! I found about a half a dozen instruments*, like ark. They were all minor, and the Winklevi application was denied (tee hee: and now the Chinese are waving the big stick . . . ).

But to see Blockswater telling Dimon to just shut up shows clearly just how fast and strong crypto(/blockchain) adoption is now running. Yay!


*Good term, this one: covers ‘currency’ and ‘commodity’ and ‘property’ and ‘CGT asset’ and ‘tool of Satan.’
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on September 23, 2017, 05:45:47 am

‘Turmoil in South Australia's heavily wind-reliant electricity market has forced the state government to plead with the owner of a mothballed gas-fired power station to turn it back on.
The emergency measures are needed to ease punishing costs for South Australian industry as National Electricity Market (NEM) prices in the state have frequently surged above $1000 a megawatt hour this month and at one point on Tuesday hit the $14,000MWh maximum price.
Complaints from business about the extreme prices – in normal times they are below $100 – prompted the state government to ask energy company ENGIE to switch its mothballed Pelican Point gas power station back on.’
http://www.afr.com/business/energy/south-australia-intervenes-in-electricity-market-as-prices-hit-14000mwh-20160714-gq5sac

‘ . . . the green panhandlers . . . ‘
P22, The Weekend Australian, ‘We’ve Gone from Cheapest to Most Expensive Power,’ September 9-10, 2017

Hooomernz luuurrrvvv to pretend to do important stuff about important issues. Climate scientists will fly to Bali. Al Gore will wave from the balcony of Big Hotel. Barrack Obama will arrive in a limo.

In just weeks, I’ve seen articles on Hydrominer, POWR Token, SunContract Token, CLIMATECOIN, and WePower. So . . . are POW cryptos doomed? No.

Simple as that. If they are a better financial instrument than POS cryptos, or ‘green’ tokens, folks will choose them.

What would be interesting to explore is how a crypto like GRS could associate itself with mining powered by renewable electricity.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on September 24, 2017, 01:55:28 am
For a change, from 'outside,' a balanced and insightful article on cryptos:

https://www.economist.com/blogs/freeexchange/2017/09/not-so-novel
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on September 25, 2017, 05:38:36 am
It was strange and annoying to see hordes of shouting krypto lemmings demanding on Telegram that someone – Jackie? – make It All safe and profitable for them.

Perhaps the early days of The Altcoin Surge – late-2013 – were characterized by the presence of more libertarian crypto geeks, more disciplined characters who better understand their social responsibilities.

And we forget that cryptos were listed on many fewer exchanges; that there was much less capital sloshing about; that the number of channels for krypto-lemming activity were MANY fewer.* That is, overall, communities were rather more coherent and balanced than they are now. (Wow! Did I just say that!?)

But the recent influx of capital has significantly changed the composition of communities. The amazing number of ‘Total Noob Asks Questions Rather Than Analyse’ posts on Reddit is simple proof of this. Newcomers have sufficient general computer skills, but lack the discipline to do the hard yards, and insist that they be catered to.


What’s my point here?

The core community members have the right to constrain ‘lopsided’ activity during stressful periods, of which there will be more. Perhaps newcomers to Telegram can be made to wait a week before posting more than an introduction. Heck, I’d shut Telegram for a couple of days at such times: we have Groestlcoin.org. We have Reddit Groestl.

At the very least, valuable community members like Jackie should be shielded [EDIT] that is, in the sense of having their valuable time wasted.

*Krypto Kave-Men, sitting around the flickering flames of the Bitcointalk ANN thread, listening to the howls of the pump-n-dump hyena packs roaming the darkness.


EDIT:  Moderators have been added to the Slack channel. Yay!
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on September 26, 2017, 04:40:40 am
Brief today:

firstly, a nice text, by Craig Veness, posted over on the GRS Telegram channel:

'A quick word for those who bought a little or a lot of GRS above the current rate: for goodness sake, don't just dump it immediately and try to recoup perceived losses - unless you really need that money back right now!

Instead, take a moment to catch your breath. Zoom out and look at the charts over the last 3 or 4 weeks. Note the highs and lows where there has been volume. If you still want to sell that GRS you're holding, try to be patient. Pick a price a shade below those peaky higher points and list some of your GRS for sale there. Pick another price a few percent lower and list some more there. All you need do next is wait for the next upswing.

The price will go up again - it always does - and it'll go down again after that. This is the normal way of the market. It's kind of like breathing; in, then out. In, then out. It may be slowly inching downward if the coin is dying, or inching slowly upward if the coin is growing. Look at GRS over many months and decide for yourself if you think the numbers reflect the enthusiasm of we core supporters.

Hold it, sell it off, trade with it. Your call. Please just try to be patient, whatever your trading strategy. The next price hike is NOT a rocket to the moon, just as the next price drop is NOT the end of the world for GRS. When I read complaints and worry here, I see the obvious signs of uninformed trading. Don’t worry, this can be fixed – you CAN do better on any exchange. I’ve been there, I remember how out of control it felt to just buy or sell based on the candles from the last few minutes, not even really knowing what a candle even really was!

(A quick side note on Candles: they show market movement. Red is downward, green is upward. Each candle represents the block of time you’re viewing – if 15 Minute, then they’re 15-minute candles; if 4 Day, each candle summarises the movement in 4-day blocks. The bottom of the green is where the market opened and the top is where it closed. For red candles, the top is the opening price for that time period and the bottom is the closing price. The little lines (‘wicks’, ‘tails’, etc.) are price movement in that time period that were above or below the opening and closing price range for that time period. Got it? Good.)

Buying and selling on emotion and hype is like gambling. You may win big, but more likely you'll lose whatever you started with. Instead, buying and selling according to your strategy will be vastly more rewarding, though usually slower (but slower is GOOD). What does 'strategy' look like? Some simple examples - keep in mind this is not advice, just examples:
- Buy low and hodl (Hold On for Dear Life) - this is the long-term acquirers of a coin, looking to its long-term growth - getting very best price isn't so important here;
- buy low, sell high - the short and mid-term traders who have a few favourite coin pairs they trade between, plus maybe having a few more exotic (read: risky) pairs for when conditions seem right for a quicker profit - practice makes perfect here;
- move from Coin A to Coin B on their respective highs and lows - maybe you hold a lot of LTC but like GRS. You wouldn't sell your LTC at present because LTC is weak against BTC. GRS is not moving fast so you'd be patient and set some sells at acceptable prices for those peaks. As you get back into BTC, you'd then set some buys on GRS at acceptable prices and hey, presto - you have moved from coin A to coin B and you didn't take a stinging loss. Congratulations!

Whatever your strategy, patience is a virtue and consistency is king. Know your pairs, their key price points, typical movement/chart behaviour of whatever coin/s you like over short and long term, then watch and wait. Like crossing a busy road, you'll find your gaps. Be ready to move when you do!

(The above is not intended to constitute trading or investment advice. I write in response to the many stressed folks who've posted here in the past week or so, panicking about plummeting prices and their awful timing. I hope this helps!)'

Secondly, Livecoin Support has not only responded to my Are-You-There? email, but took the time to post in our Bitcointalk ANN thread. Never seen an exchange do such a thing. Most professional!
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on September 27, 2017, 08:22:05 am
'They are going to use the technology of Bittrex, likely rebranding their platform for Korean users, which means there will be 200 cryptocurrencies and assets available.'

https://www.cryptoninjas.net/2017/09/25/koreas-kakao-launching-new-crypto-exchange-upbit-partnership-bittrex/

Okay, Exchange-Report Guy will fumble about with this: if Upbit is somehow 'mirroring' Bittrex, will GRS be on it? I've put a post up on the Reddit South-Korean crypto geeks forum. Watch this space.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on September 28, 2017, 02:54:42 am
Everything is relative!

Take a moment to think back to the shouting matches about cryptos in 2013 (when IndiaMikeZulu was started). Cryptos were much much much less familiar to potential investors, and the global economy seeeeeemed to be recovering from the 2009 crisis.

‘ . . . the bank committed fraud, breached its fiduciary duty and broke a fee agreement . . . ‘
http://www.zerohedge.com/news/2017-09-27/jpmorgan-ordered-pay-over-4-billion-widow-and-family


But today? Those who are paying attention see that clowns like Dimon (JPMorgan, above) and Modi of India and the careerists running U.S. pension schemes and the Eurozone could almost be on our side – tee hee: secret agents for the cause of cryptographic currencies!


‘"When it becomes serious, you have to lie.’
http://www.telegraph.co.uk/news/worldnews/europe/eu/10967168/Jean-Claude-Junckers-most-outrageous-political-quotations.html


Cryptos – certainly the ‘old-school POWs’ favoured by folks here – are looking safer and more reliable by the month.
Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on September 28, 2017, 11:07:55 am
'They are going to use the technology of Bittrex, likely rebranding their platform for Korean users, which means there will be 200 cryptocurrencies and assets available.'

https://www.cryptoninjas.net/2017/09/25/koreas-kakao-launching-new-crypto-exchange-upbit-partnership-bittrex/

Okay, Exchange-Report Guy will fumble about with this: if Upbit is somehow 'mirroring' Bittrex, will GRS be on it? I've put a post up on the Reddit South-Korean crypto geeks forum. Watch this space.
The goal is for all tokens on Bittrex to be tradable unless there is a regulatory problem in Korea with it

Thanks for this, Jackie. I will fumble along with this project, to see if we can find any further info.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on September 29, 2017, 03:25:43 am

‘The volcanic events unfolding by the day in Catalonia threaten the EU project within its core. They pose a direct threat to the integrity of monetary union.’

http://www.telegraph.co.uk/business/2017/09/28/spain-threatens-break-euro-unless-catalonia-comes-heel/

I can only keep apologizing, readers: perhaps you don’t understand why ‘politics’ keeps turning up in a Krypto Nooz thread.

Check this: ‘However, discussion in the crypto-sphere has been heavily concentrated on the lesser influences on prices -- the proliferation of altcoins and technology, the outcome of The FINCEN Meeting -- rather than at the likely primary mid-term driver of prices: the deterioration of the global economy.’

https://www.reddit.com/r/CryptoMarkets/comments/242i41/crypto_prices_and_the_global_financial_crisis/

That’s me, over three years ago.

So, whether you are pro- or anti- Catalonian independence, my point is that – as always in human society, at the deepest levels – it’s all political.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on September 30, 2017, 02:34:27 am
‘Now there were so many foot soldiers crowding into the chat that it was impossible to know who was who.’

https://bitcointalk.org/index.php?topic=896480.0


‘I am just a trader.’

GRS Telegram channel


I think our attitudes to trading have changed since 2013 (when the altcoin thang really kicked off):

at that time, there was much less capital in the crypto markets – check this chart (when IMZ started):  https://coinmarketcap.com/historical/20130519/ Note that although Devcoin market cap was under a million bucks, its trading-volume for the day was over four billion.

At that time, we used the term ‘bell jar’ to describe the crazy ‘hydraulic’ manner in which capital – trading-volumes – shifted: Bitcoin up; all alts down. Or vice versa. The scarce capital in the bell jar just slammed to and fro.

At that time, ‘dev wallets’ and ‘bounty wallets’ were the holding tanks for scam-trading. (Although we didn’t use the term ‘ICO,’ these cryptos were really the ‘first wave’ of the ICO thang. We’re now in the third. The second was the one that ended with the DAO hack.) These wallets, we were learning on the run, were enabling the crazy pump-n-dumps that were crippling coins all around us. Check the first months of this chart: https://coinmarketcap.com/currencies/feathercoin/ Feathercoin was essentially dead by January, 2015, and sorta got re-launched later. But we stood with our mouths open at the time, watching what you can see in the chart.

And we were devving on Yacoin in the first months: https://coinmarketcap.com/currencies/yacoin/

That is, at that time, ‘traders’ had a pretty bad rep. You’ll notice if you check that ‘outside’ writers rarely know how many cryptos have been launched. They think it’s the eight hundred or so indexed on Coinmarketcap. But it’s now about [EDIT]5000. Spend a rainy Sunday afternoon here: https://bitcointalk.org/index.php?topic=588413.0  And the vast majority of those careered briefly across the crypto heavens, then disappeared back into the darkness.

Presently, though, although Planet Krypto remains the wild wild west west, we are much more knowledgeable about what is going on, there is a free-er flow of capital, there is much much more of that capital.

And this means that traders are now providing what amounts to . . . ahem . . . a l m o s t  a service. We have theorized this at great length (especially during a period on which I devved on a coin that was oriented to low trading-volume). If you want to attract merchants, you must, one way or another, facilitate volume (because low volume incurs both poor ‘cash-out rates’ for those merchants, and wild volatility, which doesn’t help either . . . ). So, a member could just sit and lunatically provide wash trades. A group could provide a semi-pegged ‘merchant’s rate’ for a crypto. (IndiaMikeZulu has trialled this.) You have the reality of benevolent traders: long-timer community members.

And there are folks who ‘just trade,’ and that is okay: the more volume, the better. It must ultimately be much more so ‘the right sort’ of volume; but for a few more years yet, this day-trading at least puts us beyond the insanely volatile markets of the early phase of altcoins.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on October 01, 2017, 02:29:42 am
'Last week, Mises Institute President Jeff Deist took a pro-secessionist, decentralist position in regards to the current secession movement in Catalonia.'

Note the term 'decentralist.' It's a novel application of the term, a fusing of crypto ideas and libertarian political ideas. Surprise surprise!!

http://www.zerohedge.com/news/2017-09-30/historys-about-be-written-catalans-occupy-schools-blockade-roads-amid-policegovernme
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on October 02, 2017, 02:11:35 am
One: https://www.reddit.com/r/CryptoCurrency/comments/73kmwq/bitcoin_november_hard_fork_all_the_info_about/

Two: great chat last night with my offsider: how will GRS's price behave in coming months (and isn't it amazing that players on Telegram seem uninterested in actually researching this stuff!!)
We identified the normal swing of prices between tech updates, the who-really-knows-at-this-point? of the Upbit opening, the November Btc HF, and if any positive news about exchanges in China will be forthcoming. So, stop by, and give us your thoughts!
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on October 03, 2017, 05:11:45 am
‘Describing the European short-haul market as a “bloodbath,” Marc Meyohas, founder of Greybull Capital, blamed a perfect storm of sterling’s weakness, terrorism in the Middle East and Brexit for the airline’s demise, the biggest in British aviation history.’

http://www.telegraph.co.uk/business/2017/10/02/monarchs-owner-counts-250m-cost-collapse/

What these guys should be saying is:

‘Actually, it’s not some ‘perfect storm.’ It’s just reality. You see, everyone in my industry – and the Government and the banks – believes bizarre twaddle like ‘Economic expansion can just go on and on!!’ and ‘The 2009 GFC is over!’ and ‘More Europe is good!’ [and ‘Terrorism is inexplicable!’] But now the vultures are coming home to roost. Reality is kicking in.’

What’s my point here? This ‘brutal arrival of reality’ will just keep pushing crypto prices up.
Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on October 03, 2017, 02:22:17 pm
FYI: I removed the fogify topic link just now.
Its taken offline a while back by us.

Sorry, Jackie. I thought Fogify was a nooo one! [Not the Slovenian-based GRS 'mixer']
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on October 04, 2017, 05:02:34 am
Morning, campers. We are going to ‘work up’ a list of GRS-relevant events:

Background: the ‘swing’ between tech updates: next one on Christmas Day


Within days? Still chasing info, but Upbit (with GRS on board?) may open after the Korean holidays: 9th or 10th of this month?
N. Korea missile launches? Gotta have some affect on crypto prices in general. Check this list: http://edition.cnn.com/2017/05/29/asia/north-korea-missile-tests/index.html

Wow! They been firin’ them off regularly. Seems reasonable to expect more.

Catalonia: expected to make some announcement within days.



November: Bitcoin HF: If folks think ‘being in Bitcoin’ at the time of the split will be profitable – GRS down. If vice versa then vice versa.

So should I sell my alt coins for btc before the fork and buy them again after?
[–]RamBamTyfus 1 point 2 days ago
No. The old blockchain will probably be worthless shortly after the fork. This fork is meant to replace the old one.
[–]JohnnyK10 1 point 2 days ago
Okay, gotcha thanks. This isn't similar to the BCH split?
[–]xModulus 0 points 2 days ago
Nope.’

https://www.reddit.com/r/CryptoCurrency/comments/73kmwq/bitcoin_november_hard_fork_all_the_info_about/


China? https://news.bitcoin.com/virtual-currencies-expected-to-regulated-in-china-on-october-1st/


Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on October 05, 2017, 03:52:17 am
http://www.zerohedge.com/news/2017-10-04/de-dollarization-disintermediation-russian-mobile-phone-operator-issues-first-blockc

BAM!! We have been prophesying this (and ‘e-fiats’) for years.

What happens next? Well, campers, look up the term ‘co-opt.’ Back in 2013, we had endless arguments with mainstreamers about how ‘money’ can’t be electronic. Except . . . most of it already was: government fiat was/is significantly ‘electronic’ – there are far more ‘dollars’ in existence than there are bank notes.

And all this time, governments have been frantically printing money – ‘QE.’ But folks are getting wise to these shenanigans.

Next: two things:

One: governments will launch some rubbish ‘parallel’ government blockchain coin: https://cointelegraph.com/news/dubai-will-issue-first-ever-state-cryptocurrency

Which will give them a whole new instrument to QE the living daylights out of (and they can do other stuff: like freeze/confiscate/tax these currencies without you being able to do anything about it because – unlike real cryptos – governments will control it all. (POWR token is on a ‘permissioned ledger – same thing)

And annoyingly: they’ll call these nasties ‘cryptos.’

Two: they’ll do exactly the same thing with Super Rubbish Guvvy Debt. That is, it’s already much harder for governments to sell piles of their ‘old-fashioned’ debt – rubbish like this: https://www.bloomberg.com/news/articles/2017-09-12/austria-offering-europe-s-first-benchmark-sized-century-bonds

So they’ll just switch to never-gonna-be-repaid ‘blockchain’ debt.

How will it affect real cryptos? There will confusion for several years over ‘real’ cryptos (and the 1.0 and 2.0 cryptos thang!!) and rubbish guvvy ‘cryptos.’ And with ‘real rubbish’ debt and ‘block chain rubbish’ debt. By this time, cryptos like GRS (and UNO and XJO) will be seven or eight years old – really well established.

Go, us!
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on October 06, 2017, 05:09:08 am
https://www.ethnews.com/venezuelan-central-bank-explores-crypto-in-quest-to-strengthen-economy

As kids, we used to build little dirt dams across the rainwater flowing down the dirt gutters in our country town. The water would break the dam. The water would find a new path. Requiring a new dam. We’d build little channels to make the water go where we wanted. The water would overflow the channel. Etc. etc.

Let’s note a couple of categories:

One: the unbelievable incompetence of Government acting as a facilitator of adoption – I swear to God, Modi of India is either a complete idiot or a secret crypto HODLer zillionaire. Disgruntled folks will find a way to cryptos. (Venezuela!)

Two: intelligent ‘middle-of-the-road’ model: Singapore!

Three: slow, arrogant, ignorant, dishonest: Australia (which still thinks Bitcoin is issued by a company . . . ); New York. ‘Those who make peaceful revolution impossible will make violent revolution inevitable.’ John F. Kennedy

Four: making cryptos illegal. Here’s a big hint: Ecuador, Bolivia, Bangladesh . . . [ Greetings to any crypto geeks in these nations! ]

Five: choosing the anar-cap approach: free rein – has this happened anywhere?

[‘In December 2014 the Reserve Bank of South Africa . . . declared that virtual currency had ‘no legal status or regulatory framework’.’ https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory#Northern_Africa ]

Six: co-option – Dubai’s Guvvy Coin

Seven: folks who come to ‘cryptos’ first via a Guvvy Coin, then realise G.C. is rubbish, then HODL GRS or a really hard-core 'commodity' instrument like Unobtanium.



What’s my point here?


It’s the interactions between these models. Japan is a fine example. After Mt. Gox, they were all not about cryptos. Then, BAM! All about cryptos!!

Venezuela: would Venezuelans be paying attention to cryptos if they weren’t also rummaging for food in garbage cans?

China: immense investment in mining equipment. But cryptos slapped down. Then again. But that failed: folks snuck off to Localbitcoins. (‘Cobra effect’)

Eurozone: the EU is doomed (most political models that publicly beat old ladies with truncheons are . . . ). Kennedy – quotation above – is relative to us as ‘a category’: political catharsis is an established reality; but what about ‘economic catharsis’? How many EU folk really believe what Juncker is saying? So, when the Euro fragments, will already-watching-out-of-the-corner-of-their-eye Europeans pour into cryptos?

[“Goodbye, Euro; hello, GRS”]
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on October 07, 2017, 01:58:24 am
Simple Update this morning:

It’s Saturday the 7th here.

Early next week – 9th or 10th – is Happy Politics Day in North Korea. Good time to launch a missile.

Early next week – 10th – Catalonia may secede.

Still reading this one right now: https://www.cryptocoinsnews.com/china-will-likely-resume-cryptocurrency-trading-by-licensing-bitcoin-exchanges/

This one has caught me off guard: https://bravenewcoin.com/news/bitcoin-gold-a-friendly-dividend-fork-or-bitcoins-disaster-recovery-plan/
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on October 08, 2017, 03:45:21 am
GRS should be a nation.


A ‘nation’ can be land – ‘geographical.’ It can be large or small – I spend yesterday studying micronations (Wa ha ha!). Some are geographical in one place. Some are ‘distributed’ geographical.

Estonia is a physical nation that offers ‘e-Residency.’

Non-geographical cultural nations have been recognized for ages. Planet Krypto. Queer Nation. Trainspotter Nation. Romany (‘gypsies’). International Workers of The World are a ‘nation.’

GRS should be a nation. With a core of PGP-linked members (who somehow derive benefit from their hard work in the community. Just like the real world. Why is this such a hard idea of crypto geeks to understand?)

It will have a dev team, centralised exchanges, p2p exchanges, and merchants. It will own and manage land and enterprises. It will provide employment as OPSEC consultants. It will own and store bullion and sums of other cryptos. Citizens will attend physical meetups. They will be eligible for discounts for both electronic and physical goods (trade unions already do this).
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on October 09, 2017, 07:28:46 am
‘Chinese bitcoin exchange OKEx denied allegations that it was hacked and blamed recent thefts on users who did not properly secure their accounts.
As reported in regional media outlets, roughly 10 customers of OKEx and OKCoin — both owned and operated by the same company — allege that more than 600 BTC (worth close to $3 million at the time of the theft) — was stolen from their collective accounts in late August. One of those users claims to have lost more than 200 BTC . . . ’

https://www.cryptocoinsnews.com/chinese-bitcoin-exchange-okex-denies-hack-blames-3-million-theft-user-behavior/



Livecoin states that they won’t accept Support Tickets relating to account hacks from users who didn’t have 2fa enabled.

My point here is not who is right or wrong, but the ‘GRS should be a nation thing’ I suggested yesterday. Just this morning, I spoke at length to one of the IndiaMikeZulu guys about how communities actually work. Helping people to adopt our crypto should be a no-brainer. But it isn’t (and we talked about some communities that are in trouble because of this arrogance).

GRS’s focus on developing wallets is the correct approach, and our general approach to assisting newcomers (not just-passing-through traders . . . ) should extend to helping them develop good OPSEC.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on October 10, 2017, 02:26:54 am
I shall dump this here, and keep checking:

'According to the Bitcoin Gold repository, the coin has been pre-mined for at least 16000 blocks which could add up to at least 200,000 Bitcoin Gold. This then could leave a dangerous amount of Bitcoin Gold in the hands of their team without holders knowing, and would allow the team to completely manipulate the market once traders start buying and selling.'

https://investfeededge.com/sentiment-bitcoin-gold-fork-falls-apart-stunning-details-revealed/
Title: Re: Daily Crypto Nooooooz
Post by: Gooxer on October 10, 2017, 05:42:21 am
just woke up and reading the news....
seems the dutch association of banks had a raid here, orchestrated from brussel.
they suspect a deal blocking fintech companies requests for customer data.
guess the "old reumathic man" still doesn't know how to cope with the changing tides.
now hoping they wont regulate fintech industry (and thus also cryptocurrency) to shit
if so i will blockchain myself to the entrance of a local bank as protest  :D
but like the signal to the banking world.


https://www.reuters.com/article/us-eu-banks-antitrust/eu-investigates-possible-dutch-and-polish-blocking-of-fintech-services-idUSKBN1CE1X9

what do you guys think is the long term plan of goverments trying to cope with cryptocurrency and other new found fintech?
as of now, it is really in the hands of average joe's, wich again goes against the controlling nature of goverments, i am a bit weary and fearfull of any seemingly good intentions against the users of crypto and blockchain startups.

there has to be a political motivation and plan behind this.
and as brussels is quite right and corporate minded at the moment, i dont think it's in the interest of the average man meddling in crypto.
to much potential shifting in power, they can't have that :D any idea which way this is going?
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on October 10, 2017, 08:04:58 am
Political Guy gonna guy you a serious answer:

States always want to increase their power. But if we were only trying here to make and sell a tastier cheese sandwich, they probably wouldn’t care too much. (Perhaps the Dutch Cheese Merchants Association would send black helicopers . . . )

But in this case – and we’ll talk another day about the fact that The Empire is failing – we are ‘disintermediating’ the ability of governments, via their national currencies, to collects taxes.

Look up the phrase ‘existential threat.’

And I note also here how the generally increased technical complexity of the world is being leveraged by governments to vastly increase their control of everything everywhere all the time.

But here’s where the joke comes in: if The Generals at The Pentagon need to protect their computer systems, where do they find the best geeks in the world to do that?

Answer: not in the Pentagon!! Governments are always politically and intellectually behind the curve.

So: we are locked in an unholy and open-ended conflict: clumsy, corrupt, and ignorant governments will clomp about, trying to shut cryptos down – and/or ‘co-opt’ them – and the crypto geeks (the ones who haven’t gone to work in the Pentagon . . . ) will travel fast and light, and win.

Your homework: read a little on the U.S.’s failure in Viet Nam: ‘asymmetrical’ versus ‘symmetrical’ warfare. The U.S. was humiliated by forces that just weren’t dumb enough to march out into the open so the U.S. could shoot at them.

Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on October 11, 2017, 03:53:50 am
'The International Monetary Fund has said the global economy’s recent recovery may not last, despite a pickup in activity in all western countries except the UK.

Marking the 10th anniversary of the onset of the financial crisis, the IMF said in its World Economic Outlook (WEO) there was a risk that governments could be lulled into a false sense of security by booming markets and policymakers needed to guard against complacency.'

https://www.theguardian.com/business/2017/oct/10/global-economic-recovery-may-not-last-warns-imf-international-monetary-fund

Actually . . . there was no recovery. Debt was created willy nilly, to 'paper over the hole.'

Actually . . . the GFC is a decade old, but has barely begun.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on October 12, 2017, 02:10:56 pm
Let's just call it 'The Big Split.' Going one way,  countries like Sweden and Vanuatu and Japan _integrating_ cryptos. Going the other way, countries like China and South Koread and Nepal and Russia _banning/constraining_ cryptos.


Ooooh -- and look: https://www.reddit.com/r/Bitcoin/comments/75tm44/just_got_a_call_from_my_bank_demanding_i_tell/
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on October 13, 2017, 03:49:35 am
'At a meeting hosted by the International Telecommunication Union this week, Yao Qian, the Director of the Digital Currency Research Institute under the People's Bank of China, reportedly boasted about the potential of a state-owned digital currency, while suggesting that there is an inherent lack of value anchoring public cryptocurrencies like bitcoin.'

https://www.coindesk.com/pboc-digital-currency-director-calls-centralized-state-cryptocurrency/

Talking about 'They have it in their blood' is anti-scientific twaddle; but poverty sharpens the wits. I lived for some time in a Chinese community (in northern Jakarta). These guys are shaaaaaaarp.

It's hard to imagine that the Chinese in China are gonna say, 'Bitcoin is rare and not controlled by Government. And I've watched the Chinese Communist Party mismanage everything into a smoking pile of rubble all my life; but I'll happily forget Bitcoin, and buy Chi-Gov-Coin instead!!'
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on October 14, 2017, 01:47:07 am
‘Let's just call it 'The Big Split.' Going one way, countries like Sweden and Vanuatu and Japan _integrating_ cryptos. Going the other way, countries like China and South Koread and Nepal and Russia _banning/constraining_ cryptos.’

Reply 261 here

But of course it’s not that simple . . .

Check out ‘NuShares,’ a pegged-crypto run by the Peercoin community -- https://coinmarketcap.com/currencies/nushares/

And there’s Tether. And NZed.

The issue of ‘pegged’ cryptos (of various types) really interests me. I was a journalist in Indonesia in the late 90’s, when the Government tried to stop the economy from collapsing by pegging the rupiah. It went horribly wrong before our eyes in a matter of only weeks.

Research the ‘SDR.’ And here’s the tl;dr:

Quantitative Easing is a mammoth and continuing failure, and a range of increasingly desperate measures will be implemented, to try to keep the game going. The IMF’s SDR will be a biggie, in league with Guvvy Inflato-Token. Biggie Corp Coin will be a player.

So, while some countries go pro-crypto, and some go anti-crypto, there will be, at right-angles to all this, the growing reality of ‘free’ versus tethered instruments/their exchanges/their markets.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on October 15, 2017, 06:09:08 am
‘"Bitcoin just shows you how much demand for money laundering there is in the world. That’s all it is. It’s an index of money laundering.” ‘

https://cointelegraph.com/news/blackrock-ceo-larry-fink-bitcoin-for-money-launderers-only


' . . . a 2015 report by the UK Treasury . . . put bitcoin “dead last” on a list of vectors for money-laundering, behind “every other payment method known to man”.'

https://www.ft.com/content/1925f1ee-b04c-11e7-aab9-abaa44b1e130?mhq5j=e7

Is Fink ignorant? Or lying? I’m gonna guess lying.

Make no mistake, campers, The Big Government Anti-Crpto Attack has begun. And my outfit? IndiaMikeZulu? We’ve been expecting this all along; and as low as the attack might force prices down to, we’re gonna scramble to buy every unit of GRS etc that we can.

Okay, it might not not be a big thing. Maybe I’m bein’ a bit apocalyptic. But India, Russia, and China have all taken negative stances in just a matter of weeks, and that’s a big chunk of the world!
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on October 16, 2017, 05:45:41 am
http://www.zerohedge.com/news/2017-10-15/chinas-mortgage-debt-bubble-raises-spectre-2007-us-crisis

Read it. All of it. Slowly.

Can't go on.

Great for cryptos!

Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on October 17, 2017, 06:09:02 am
https://cointelegraph.com/news/bitcoin-altcoin-exchange-bittrex-eyed-with-suspicion-due-to-thousands-of-mysterious-account-closings

I am coolly checking this out. Will post updates here.

UPDATE:  Obviously, we're cautious about reports about our pivotal exchange.

So, we have a positive message from 'Bittrex Bill,' saying that everything is okay, just some accounts having trouble with Verification. But . . . there is no doubt that there is concern on Planet Krypto: the original article is popping up in different places, and threads about 'account closures' are also popping up.

UPDATE:  https://support.bittrex.com/hc/en-us/articles/115002187632-Statement-on-disabled-accounts

Gotta walk a line between healthy scepticism and poor OPSEC. We will continue to monitor the situation. If anyone has any relevant info, please post it here.

UPDATE: 'The real problem was not addressed, the lack of support and the verification error. For me, this statement is just a poor attempt to stop millions already going to binance.'

https://www.reddit.com/r/CryptoCurrency/comments/76zy74/bittrex_response/?utm_content=comments&utm_medium=hot&utm_source=reddit&utm_name=CryptoCurrency


 I must say here that I did receive satisfactory assistance in the middle of the drama. However, it remains that Bittrex could have performed a million percent better in its handling of the processes -- certainly by paying someone to write a comprehensible set of instructions for Verifications!
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on October 19, 2017, 12:16:06 pm
Lonely Highway Delivery Guy

Our 'assisted merchant' project. LHDG accepts GRS. Those actually sit in our wallet. We trade for her.

She is presently 'all in,' with just over 6,000 GRS. If there's a spike in coming months, we'll sell the lot on her behalf, and wait to buy in again later.

This is one way of getting friends, relatives, and local merchants involved in cryptos.
Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on October 19, 2017, 08:53:53 pm
Lonely Highway Delivery Guy

Our 'assisted merchant' project. LHDG accepts GRS. Those actually sit in our wallet. We trade for her.

She is presently 'all in,' with just over 6,000 GRS. If there's a spike in coming months, we'll sell the lot on her behalf, and wait to buy in again later.

This is one way of getting friends, relatives, and local merchants involved in cryptos.

https://twitter.com/PexPeppers/status/920738235482902528

Go, pexpepper guys!! I recall they were selling for DOGE and other cryptos waaaaaay back.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on October 20, 2017, 05:21:27 am
' . . . one of the buzziest ICOs in the world. '

http://www.zerohedge.com/news/2017-10-19/worlds-largest-ico-imploding-after-just-3-months


But not anymore!

The reality here, readers, is complex. No one imagined in 2016 that ICOs would become a problem. But they have. Certainly they have sparked the latest attacks on crypto in general.

But it gives us the chance to market ourselves. We are The Non-ICO-Able! Neat and solid, and therefore attractive to, for example, a community that wanted to undertake a crypto-adoption project.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on October 21, 2017, 09:18:53 am
In the beginning, there were no centralised exchanges. Then quite suddenly they were the pivot of It All. And somehow, no one seemed to notice how horribly lopsided this made the crypto markets.

Then decentralised exchanges came along; but they gained little volume, which IMHO shows that crazy speculation – not mass adoption – remains the touchstone of crypto trading.

But The Next Big Phase – government intervention – is now clearly underway. So DEXs will become more attractive. And that will significantly change the process of price-discovery.

Think it over.

https://cointelegraph.com/news/will-decentralized-exchanges-replace-peer-to-peer-exchanges-completely
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on October 22, 2017, 10:48:19 am
Mass Adoption. Sigh

Looking back on the altcoin boom that sparked off in late 2013, it’s clear now that the crypto communities were significantly populated by those with the skills to mine those emerging POWs, and a smattering of psycho whale guys, and a few libertarians like me. Mass adoption didn’t happen; speculative trading did.

Now fast forward to the ICO boom that ended with the DAO collapse. Perhaps it soaked up folks who, for example, worked in IT, and had been watching the Bitcoin thing from the corner of their eye. What’s clear in retrospect is that those newcomers had the skills to understand Ethereum.

Some ex-Wall-Streeters turned up at about this time, sparking the safe-haven thing (but not mass adoption).

Fast forward some more to, for example, the current newcomers’ threads on Reddit, and the posts on the Uno and GRS Telegram channels. This time, it’s clear that the newcomers lack even the most basic understanding of cryptos; and more disturbingly, seem to think that the communities will help them just enough to make them rich. Any sense of community seems to be quite lacking/we have a whole new round of pump-n-dumpers.

So again, no mass-adoption-of-crypto-as-currencies.

No complaints here from me. It will come. But stating the reality – that we remain stuck in the frenzied-spec-trading loop – may help us plan.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on October 23, 2017, 02:28:36 am
‘Dont blindly hodl any coin take your profits or you will be left with bags of nothing . . . ‘

https://www.reddit.com/r/CryptoCurrency/comments/780qkl/vtc_trading_tip_for_fomoers/

A while ago, was trying to explain my notion of ‘crypto value,’ of a ‘back stop.’

So, where do you ‘go’ with the profits?

Actually, many ‘altcoiners’ are really Bitcoiners who play the field in alts to make money to convert back to Bitcoin.

Oooooor, you think your alt is a better mouse trap, and although you may trade widely – I do; all us DLX guys do – we keep our ‘value,’ our ‘crypto value,’ significantly in our backstop coin.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on October 24, 2017, 05:37:53 am
‘This year’s stunning price increases fit all the hallmarks of a bubble. Still, many think it’s different this time.’

http://crypto-trading.ch/could-bitcoins-bubble-lead-to-long-crypto-winter/

‘a pullback of more than 20 percent will qualify as healthy correction and not a bear market as widely believed. (A drop of 20 percent or more is considered an entry into a bear market.)’

https://www.coindesk.com/prepping-for-a-pullback-bitcoin-price-drops-below-6000/

 
Going to have some fun this morning, answering the question: ‘OMG if Big Crash, then what?’

Imagine you are the devs. You’ve been working hard for years. The price spikes. Then . . .

it’s like watching people running screaming into a yoga class: ‘I need to attain peace and enlightenment!!! Show me The Peace Position!! Quick!’

The thing to focus is not the dollar-price-per-unit of any crypto.

It’s the number of units in the currency, and how many of those you hold, and can therefore trade.

Say what?

GRS’s value won’t be really getting into stride for another ten or fifteen years:

‘The forces of decentralization are rising, but entrenched centralized institutions and the bureaucrats running them will become increasingly terrified, panicked and oppressive.’ http://www.zerohedge.com/news/2017-10-23/if-you-want-understand-next-10-years-study-spain


So, what if Bitcoin’s price dropped 50% tomorrow? Or 75% What if GRS’s did?


The first thing to understand is how good it is to trade in times like these.
First you get chaos, but then you get a hard solid bottom to the price. Check January, 2015 to August, 2015 here: https://coinmarketcap.com/currencies/bitcoin/#charts

Keep trading. You’ll add maybe 5-7% to your stash each week. Even starting with a 100,000 GRS, that’s about 25,000 a month. By Christmas, you have well over a third of a million. The following Christmas, you’ll own 1% of GRS; you’ll be an expert trader; nothing will panic you.

Do it with two or three other good cryptos.

(No geeks hold only one crypto, and it’s silly to pretend we do. I hold DASH and ETH. And I trade a sweet little SHA 256 called ‘Joule.’ Trading multiple cryptos keeps you in touch with crypto news and tech developments. But read my lips, folks: GRS’s dev team is extraordinary. Stay tuned to this channel!!)

In five years, you’ll EASILY hold ten or twenty or thirty million UNITS of various cryptos. If they go to a buck each? Even fifty cents each? Even TEN cents each?

You buy land with water, and bullion, with half, and keep the other half to trade with.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on October 24, 2017, 05:56:38 am
https://upbit.com/exchange?code=CRIX.UPBIT.BTC-GRS

BAM!!
Title: Re: Daily Crypto Nooooooz
Post by: jackielove4u on October 24, 2017, 09:33:29 am
And this is the KRW pair:
https://upbit.com/exchange?code=CRIX.UPBIT.KRW-GRS

Got it, Jackie! Won and Bitcoin pairs?! Sweeeet
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on October 26, 2017, 12:54:31 am
'Since 2015, traders say Beijing has also used the “national team” - large state-backed companies including China Securities Finance Corp. and Central Huijin Asset Management - to help steady markets by buying shares when the market falls sharply and selling when it rises.'

http://www.zerohedge.com/news/2017-10-25/im-out-game-traders-abandon-china-national-team-kills-equity-market


Why do we care?

Imagine that there are only three players in the game: Governments, corporations, and cryptos. But Governments and corporations are becoming the same thing -- this Government-buys-companies-and-banks reality, campers, is going on all over the world! I wouldn't trust these guys to manage a parsley plant in a pot on the kitchen window sill.

Government bonds, corporate bonds, blah blah blah -- people will begin moving to cryptos.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on October 27, 2017, 03:55:47 am
https://www.reddit.com/r/CryptoCurrency/comments/78zuku/how_does_grs_compare_to_vtc_ltc_and_btc/

The infographic is fine.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on October 28, 2017, 01:38:00 am
Zimbabwean Adoption Project? Watch this space!
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on October 29, 2017, 07:54:28 am
Been reading the enormous number of posts and comments about GRS that have appeared in recent days:

One: for the time being, let's just encourage every one to say 'GRS.'

Two: a make-over of the info on the devs would be time well spent.

Three: keep moving steadily forward, us: concentrating on the tech development is a fine strategy.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on October 30, 2017, 02:55:41 am
The Big Clumsy Government Push-Back

Both Kazakhstan and Viet Nam are lashing out at cryptos. But the list of other countries doing the same thing is a big clue to what’s going on: Columbia, Nigeria, Venezuela, Bangladesh.

The world is decentralizing, which really means coming apart at the seams; and poor authoritarian nations – Kazakhstan, Viet Nam, Columbia, Nigeria, Venezuela, Bangladesh – will act first and in the clumsiest way against the weakening of their powerbases. (Fiat currencies are the instrument of tax-revenue collection. Cryptos threaten those fiats.)

But despite what the doom-mongers believe – ‘Guvvamint will just shut them cryptos down!!’ – there will be An Opposite Side, the governments and social forces acting against centralization both in respect of cryptos and in respect of everything else.

Look at how quickly the Basques chimed in on the Catalonian issue. Look at how fast anti-Eurozone governments are being elected across Europe.

Now we must segue: the friendly-towards-cryptos countries fall into two categories: those who want to/think they can regulate cryptos, and those which are just gonna let technology take its (free market) course.

‘These measures ensure there is nowhere for criminals to hide," said Australia's Minister for Justice Michael Keenan in a press release.’

https://www.cnbc.com/2017/08/17/bitcoin-faces-regulations-crackdown-by-asia-pacific-country.html

Those who think they can regulate will fail. Australia’s premier KYC/AML body, for instance, knows nothing about cryptos:

'Bitcoins . . . are issued by commercial enterprises' http://www.austrac.gov.au/typologies-2012-typologies

Those prepared to ‘ride the wave’ – Singapore comes to mind – will do best, drawing capital and talent from the anti-crypto nations.

And, as economic conditions worsen, more and more ‘ordinary people’ will feel justified to circumvent unwieldy and ineffective Government regulations anyway.

Let’s see what happens next!
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on November 01, 2017, 05:20:57 am
Best crypto article I've read this year: http://www.zerohedge.com/news/2017-10-30/japan-just-killed-bitcoin-will-be-banned-meme
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on November 05, 2017, 01:56:12 am
Hmmm . . . it seems that several posts have gone missing. No matter.

The HF

Please post HF data here.

Today: https://www.reddit.com/r/CryptoMarkets/comments/7atjmy/november_btc_fork_the_facts/

And: https://www.coindesk.com/bitcoin-bitcoin2x-news-guides-navigate-novembers-fork/
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on November 06, 2017, 02:28:06 am
Cross-post from the DLX:

HF Bulletin Seven:        hostile-takeover-article anti seg wit2 because sees Garzik/NYA as centralists. Predicts failure of SW2                                   This — https://www.coindesk.com/bitcoin-bitcoin2x-news-guides-navigate-novembers-fork/ — has four inset articles. (I said above just one.) Reading it now.                                                             This is from 'Inset-Article Number Two: 'the contributors to bitcoin's open-source code are optimistic for a simple reason: they don't think Segwit2x will succeed in its attempt to become the main bitcoin blockchain.'                                Heck, this should of course be part of the data: https://coinmarketcap.com/currencies/segwit2x/#markets                                              At this second, this has my attention (see quotations above): https://www.reddit.com/r/CryptoMarkets/comments/7atjmy/november_btc_fork_the_facts/                       And next is Craig's contribution: https://www.yours.org/content/predicting-the-outcome-of-the-november-bitcoin-fork-89914ce0e1f5/
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on November 07, 2017, 12:28:12 am
https://icodaily.net/2017/11/06/why-segwit2x-is-bound-to-fail/
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on November 07, 2017, 06:27:45 am
https://news.bitcoin.com/fork-watch-the-chain-with-less-hashrate-could-come-to-a-screeching-halt/
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on November 07, 2017, 10:36:25 am

HF BULLETIN TWELVE: https://icodaily.net/2017/11/06/why-segwit2x-is-bound-to-fail/                      Campers, this article is worth more than all the others combined. Hands down the best.          Meanwhile: 'Right now over 84.9 percent of the Bitcoin network’s miners are signaling their intentions to support Segwit2x.' https://news.bitcoin.com/fork-watch-the-chain-with-less-hashrate-could-come-to-a-screeching-halt/                                         And me read this later: https://cointelegraph.com/news/a-couple-of-vcs-and-ceos-whalepanda-delivers-final-verdict-on-segwit2x
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on November 08, 2017, 06:55:06 am
'Then you have the samourai wallet which has stealth address built in. For the privacy concerned and a tor wallet.'

Gonna give these a try in coming months.

And the hard fork? I sense that everyone is just tired, can't wait, counting the sleeps 'til it happens.

But the HF seems to be bringing love to other GRS pairs. We have two GRS-ETH pairs. Got DOGE and LTC on Cryptopia. Coinexchange and Livecoin both have over five grand in volume. If you are patient, you can pick up small amounts of cheap coin by following the markets on these two. [And if you are learning to trade, these low-volume exchanges are much better to work with.]
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on November 09, 2017, 08:33:04 am
Practising brief

I have been wrong about the time-frame of economic collapse. By years. But heck, who could have guessed that All Economic Theory would be dumped?

Whatever, the system – the entire global economy -- is ‘in levitation’ with various modes of funny-money-printing.

Was QE biggie biggie big big.

And blah blah blah.

But this is debt creation gone stark staring bonkers:

U.S. Govvamern gonna bail out pension funds:


‘Sen. Sherrod Brown, D-Ohio, plans to introduce legislation that would allow struggling multiemployer pension funds to borrow from the U.S. Treasury to remain solvent.’

http://www.pionline.com/article/20171107/ONLINE/171109874/sen-sherrod-brown-to-unveil-multiemployer-loan-program-legislation

Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on November 09, 2017, 11:21:39 pm
http://www.groestlcoin.org/downloads/

Will explore this today. Well done, devs and community!
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on November 10, 2017, 10:41:23 am
http://www.zerohedge.com/news/2017-11-07/perpetual-notes-chinas-new-way-hide-debt-call-it-equity

Let’s assume a crude binary: on one side, Government money/debt/economy/reputation. On the other, cryptos.

And you’re entitled to ask: ‘Doesn’t he ever shut up about debt!!??’ Well, please take a second: does it make sense to you that Government and debt and reputation and economy are all basically the same thing?

So, what the article is explaining is a trickery. If the financial assets that back your new company is that you owe a million bucks, your company is rubbish.

And that is exactly what ‘debt as equity’ is: debt pretending to be something else: an asset.

And these shenanigans make cryptos look better and better. Within ten or fifteen years, GRS could be a body of value, non-Governmental, with a fine reputation, and its own economy attached.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on November 11, 2017, 06:04:03 am
GRS Nation, commercially dynamic, secured by PGP, priced against Au.


‘A profound transformation of the global monetary system is underway. It is being driven by a perfect storm: the need for Russia and Iran to escape Western sanctions, the low interest rate policy of the U.S. Federal Reserve to keep the American economy afloat and the increasing demand for Middle East oil by China.’

https://www.huffingtonpost.com/alastair-crooke/petrodollar-us-saudi-policy_b_6245914.html


Got a Bitcoin knock-off worth .145 of a Btc. The writing is on the wall for the USD as global reserve currency. The Euro is gonna implode (sooner or later . . . ) Folks are no longer talking about Eth<>BTC parity.

But gold and silver are another class; and it’s time – notwithstanding that the volume isn’t there yet – to get ourselves a GRS-Au ticker.


Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on November 12, 2017, 04:59:38 am
Bitcoin Cash just hit Number 2 on the charts. (No jokes about 'Number Twos,' thank you . . . )

I frankly admit I'm struggling to put the pieces together: is BCH's price-rise just a reaction/pump? or will it hold steady?

It was surprising how many folks yesterday seemed to think that suggesting a GRS-gold price 'ticker' somehow meant I wanted to pin GRS's price to gold, or return to 'barbarous relics' or . . . I don't know what.

My point was: as an asset that is both 'outside' cryptos, and relatively stable in value, it would help us understand our situation better.

Meanwhile, please post all opinions about the BTC<>BCH Thang here.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on November 13, 2017, 08:25:23 am
Two associated things

Yesterday, during the Bitcoin-Bitcoin Cash, I bought GRS simply because I didn’t want to be in any other crypto. Wasn’t looking for a trading profit down the track. Just felt better for owning more GRS: hard-capped, got stealth function, not ICO-able, not chopping itself in pieces ‘cause it’s caught up in some insane marketing game.

Today, perhaps the best mainstream journalist I know, Ambrose Evans-Pritchard wrote:

‘The shake-out in the US junk bond market last week had an ominous feel for traders and may finally mark the top of the post-Lehman boom in corporate credit. The exuberant reach for yield is nearing its limits.

“It is a sober moment. People are suddenly aware that central banks are turning serious and are not going to keep creating stimulus ad ¬infinitum,” ‘

http://www.telegraph.co.uk/business/2017/11/12/time-investors-leave-party-latest-bond-market-wobbles/
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on November 14, 2017, 02:50:41 am
I’m aware I sound like a mad parrot.

‘Quantitative easing by the ECB  . . . . has not changed [Italy’s] underlying pathologies.
“The end of QE poses a threat to Italy. As the ECB pulls back, [Italy] will have to find new marginal buyers of its sovereign bonds. ‘

http://www.telegraph.co.uk/business/2017/11/13/italy-risks-storm-qe-ends-politics-go-haywire-hsbc-warns/

It’s unlikely that the stimulus will actually end. More likely, the markets will freak out; the terminology will be changed to protect the guilty; and the funny money will flow again, but even more plentifully.

But gold and crypto prices will climb steadily as people steadily bail on government money/bonds/trust.

And meanwhile, in the U.S.:

'Chicago is selling off its right to receive sales-tax revenue from Illinois to a separate public corporation, which will issue new bonds backed by those funds, a structure called securitization . . . '

https://dollarcollapse.com/pension-funds/broke-desperate-part-1-chicago-pawns-crown-jewel/
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on November 15, 2017, 09:01:21 am
Let’s see if this takes off:

Beginner’s Class: One: operational security comes before everything else. Full stop.

Everyone has different goals. (I belong to a trust-alliance. Most unusual. Therefore our OPSEC back-up model involves other hooomernzz!)

One: exchanges are ‘the front line.’ Coin on these is at risk every second. If you aren’t profiting from trading, the risk is unwarranted.

Two: ‘home base’: I use a lap top. So, whatever ‘suite’ of crypto wallets is in use on my lap top equals ‘home base.’ IndiaMikeZulu has suffered a trojan attack, so we’re under no delusions that ‘home base’ is safe – just way way safer than on exchanges!!

Three: cold storage: undoubtedly, your tech skills are better than mine (I have a Tech Guy). So, I’m outlining general principles here:

the two terms kickin’ about – ‘investor’ and ‘day-trader’ – don’t outline the reality very well. My guess is that most folks stand between the two. That is, some amount of their cryptos are ‘vaulted.’ Some amount is at home base/on exchanges.

Overall, then, you have the security protocols that pertain to each ‘compartment,’ and the protocols that protect funds while they’re being shuffled between compartments.

And one more protocol for your overall back-up procedures, for the passwords that are part of your systems (and ‘dat files’ and PGP data).

To survive on Planet Krypto, you need to keep your OPSEC model in a constant state of refinement. If you crypto mates rag you about being too careful, get yourself a higher class of crypto mates!

See you tomorrow.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on November 15, 2017, 11:55:35 pm
Chaos Theory and Crypto Prices

‘the branch of mathematics that deals with complex systems whose behaviour is highly sensitive to slight changes in conditions, so that small alterations can give rise to strikingly great consequences’

https://www.google.com.au/search?q=definition+chaos+theory&rlz=1C1CHBD_en-GBAU726AU726&oq=definition+chaos+theo&aqs=chrome.0.0j69i57j0l4.5729j0j4&sourceid=chrome&ie=UTF-8


‘Why is GRS’s price dropping?’

Why do folks keep asking this question? Or perhaps, why do they expect that there’s just one reason for a rise or fall in price.

At any moment, GRS is subject to a blizzard of influences: newcomers’ capital, whales’ shenanigans, tech updates, other cryptos/ICOs ‘sucking’ funds over to their own projects, craziness on exchanges, craziness in cryptos that are the ‘other half’ of our trading-pairs, Martian invasion, public holidays, ridiculous Government announcements, ignorant lying bastard bankers talking twaddle, etc., etc.

Do I have a point here? Yes:

Look for ‘discernibles’: that is, any patterns that can give you an idea which direction the price will go. That’s as good as it gets. Today? Well, the price might or might not drop a bit further. But I bet it will l i k e l y rise a bit in mid-December.

All hail the dev team!!
Title: Re: Daily Crypto Nooooooz
Post by: big_onion on November 16, 2017, 05:16:33 pm
I have a bad habit of not using wallets outside of exchanges (or, for those that are offered on it, Coinbase).  I'm terribly afraid of losing keys or access, or something like that. I like having my coins where I can liquidate quickly if need be.  If I go to another country I can keep all manner of money in my one physical wallet, and I really want to be able to do the same with digital currencies, although that's a pipe dream.  (However, Metal was setting up a wallet for BTC, ETH, and all ERC20 tokens, but nothing else.)

I know people point to Mt. Gox as a big reason why not to keep coins on an exchange, but if you are using 2FA and have all the security features activated (email verification from new IP, verification/2FA for every transfer, etc) are they still not considered "safe"?  In all actuality, is the risk any higher (as in how many people have had money stolen off an exchange) than using a private wallet?

Thanks for the write up. I hope you continue ... I've been involved in crypto since June or July but am still VERY much a noob.

Let’s see if this takes off:

Beginner’s Class: One: operational security comes before everything else. Full stop.

Everyone has different goals. (I belong to a trust-alliance. Most unusual. Therefore our OPSEC back-up model involves other hooomernzz!)

One: exchanges are ‘the front line.’ Coin on these is at risk every second. If you aren’t profiting from trading, the risk is unwarranted.

Two: ‘home base’: I use a lap top. So, whatever ‘suite’ of crypto wallets is in use on my lap top equals ‘home base.’ IndiaMikeZulu has suffered a trojan attack, so we’re under no delusions that ‘home base’ is safe – just way way safer than on exchanges!!

Three: cold storage: undoubtedly, your tech skills are better than mine (I have a Tech Guy). So, I’m outlining general principles here:

the two terms kickin’ about – ‘investor’ and ‘day-trader’ – don’t outline the reality very well. My guess is that most folks stand between the two. That is, some amount of their cryptos are ‘vaulted.’ Some amount is at home base/on exchanges.

Overall, then, you have the security protocols that pertain to each ‘compartment,’ and the protocols that protect funds while they’re being shuffled between compartments.

And one more protocol for your overall back-up procedures, for the passwords that are part of your systems (and ‘dat files’ and PGP data).

To survive on Planet Krypto, you need to keep your OPSEC model in a constant state of refinement. If you crypto mates rag you about being too careful, get yourself a higher class of crypto mates!

See you tomorrow.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on November 17, 2017, 02:07:45 am
So, a traveler with a sorta crypto-trading set-up bolted onto your fiat-banking set-up? Niiiiice!

But are exchanges unsafe? Even if I have 2fa etc. etc.?

Yes. Much much more so than a 'home base' wallet.

You see, 2fa etc. are about others stealing your cryptos from the exchange; but the real risk is the exchange stealing your cryptos from you. Or just collapsing.

You hear ‘Gox’ and ‘Cryptsy,’ but many more exchanges have gone down, and many more again fall into ‘zombie mode,' which brings all manner of stress and loss. (I won’t use C-Cex: you only get ‘robot replies’ from their Support.)

Bear in mind also, Big Onion, that if a crypto's community has a wallop of its coin on one exchange, and that exchange goes down – which may well put a massive chunk of coin into malefactors’ hands – that crypto can be paralysed for a year or more.

Could you set up a ‘home base’ of one or more wallets?

The touchstone is always your technical ability. I have a Tech Guy (‘cause I’m a political theorist come to cryptos, not a crypto geek as such). He is awesome. So, I can set up a click-n-go wallet, and back it up correctly. But I couldn’t re-build one from the ‘dat file.’

Nevertheless, if the dat file is correctly saved, THE CRYPTOS IN IT ARE SAFE, even if it takes you months to find someone who knows how to 're-build' the wallet that the dat file is a back-up of [Campers, your cryptos are not 'in the wallet.' They are on the blockchain. The wallet is a chunk of tech that allows you access to your coin on the blockchain.]


Now I’ll pitch you a question: are you never gonna have more cryptos to store? If your present (on-exchange) holdings go up 1000% in value, ya still gonna have the lot on one exchange?

If you turn up tomorrow, we’ll start designing an OPSEC model for you.

P.s.: check out the Ledger Nano S, and there are some similar multi-coin hardware devices. All we want for Christmas is for GRS to be adopted by Ledger!!!
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on November 18, 2017, 08:50:16 am
Beginners' Trading-Class

[Music while working: Pink Floyd’s ‘Animals’]

https://www.reddit.com/r/CryptoCurrency/comments/7dq5js/thinking_of_day_trading_dont_do_it_youll_lose/

'Think of your trading losses as a tuition fee.'


What happened to humility? And ‘paying your dues’? The Reddit thread has emboldened me:

I suspect that for every ten Me-Got-Lambo posts there are a dozen or a hundred newcomers who lost big, and have left the building.

Try this quick quiz:

One: do you usually ‘actively’ buy ‘on the high side’ of the order books? Or put bids in on the low side? [Me? Prolly only buy on the high side 1% of crypto purchases ever]

Two: how long have you spent devving on a ‘fave’ crypto? Two years? One? A month? Never devved? [Me? 7 days a week since mid-2013]

Three: when you’re analyzing a crypto you might buy into, do you do ALL of the following: read some of the posts from the last year, to get a feel of the community. Check the rich list. Make sure you have an idea of its specs. Check the activity of the dev team. Read reviews on its exchanges. [Me? All of these always]

Four: how often have you EVER posted: ‘When will the price go up?’ [Me? Never]

Five: how often do you just stop trading a crypto because its market is a bit nuts? [Me? Quite often]

Six: do you cruise the Facebook, Reddit, Discord, Telegram, Slack, Bitcointalk, and ‘home base’ site most days? Or just hang with the sock puppets on Telegram (in GRS’s case) [Me? Every day.]

Seven: do you even REALISE that the Telegram channel is sockpuppet central? [Me? Our telegram is . . . unfortunate]

'Answer': if any of the quiz makes no sense to you, you're probably on very thin ice. For example, I'm a rubbish trader. And I know it. How do I handle the 'back side of a spike'? when the prices just seem to go sideways and down? I stop trading that crypto until things settle down.

'I prefer "week trading." I am extremely patient with my buys and sells' – yeh, me too.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on November 19, 2017, 06:52:39 am
Beginner's Trading-Class, Day Two

One: you are here because you recognize your limits – like me. I’m a vision-impaired compu-klutz old guy. But I’ve been devving on altcoins for 53 months straight.

Two: a bucket with a hole in the bottom is worse than useless: OPSEC is our touchstone.

Three: all krypto geeks trade on more than one crypto; but by the same token, most geeks have a fave coin, a ‘backstop’ coin. So, suppose GRS is spikey-crazy-OMG-I-don’t-understand? Well, you stop trading, and watch and wait. And you can trade a bit – or a lot – elsewhere; make some Bitcoin; and pump that profit into GRS as soon as the price falls/steadies.

Four: ‘buying on the low side.’ This should make perfect sense to you – order books have a high and a low side. From this moment, you will be hunting for packets of coin 'on the low side.'

Five: contribute to your community. I do it because I dig the politics (the anthropology of libertarian milieus). The longer you do this, the more you know about what is going on. Gee wow – just like the real world!!

Homework: analyse your own OPSEC model. If you can’t find a single weakness in it, I shall mock you. See you all tomorrow.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on November 19, 2017, 08:48:26 am
Woo hoo!

https://www.altcoin.io
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on November 20, 2017, 05:49:57 am
Beginners' Trading-Class

Model One, which is the one I think everyone thinks is Where The Lambos Are:

You have Bitcoin (your ‘pole’ coin). You’re gonna buy and sell Coin Z. You go to and fro. Easy peasy. Lambo.

If you’re good enough, and under certain conditions, okay. You might do well.

Model Two, which is how IMHO you last the distance:

you have Bitcoin as ‘pole’ coin. But you want to HODL and trade GRS. Okay. [HODL-ing just doesn’t mean that you don’t trade.]

Now suppose that GRS has just spiked big time. The price is now ‘on the back side.’ I never ever trade at times like this. I’m just not talented enough.

So, you a l w a y s have a coupla little projects on the side – if nothing else, they stop you chewing on the furniture while you’re waiting for GRS to settle.

Okay, you start trading Project Coin X (against Bitcoin) and Project Coin Y (against Bitcoin). You keep watching GRS. You make a little profit. In Bitcoin.

You hold it in Bitcoin. You wait.

You decide that GRS is at ‘the bottom’ before it starts heading to its next spike. You put in ‘tiered’ bids to buy GRS (with that Bitcoin): low, lower, lowest.

The bids get filled (at least some). You pull those GRS off Bittrex; and put ‘em in the holding-tank. Voila.


Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on November 21, 2017, 09:58:46 am
No one here for the Class.

Meanwhile: bullion and cryptos:

I’ve been surprised at the anti-crypto vehemence of bullion bugs. Do they feel threatened? Do they really think cryptos are a scam?

But they should have noticed just how many many crypto geeks are pro-bullion.

Now, in Ausralia, we got these: https://www.australian-coins.com/collecting-coins/round-50c-piece-value/

I mentioned a GRS-gold price-ticker. And making GRS a ‘nation.’

Bullion-crypto trades might be a hobby for many of us. The Australian 50-center is 0.3 of an oz. of silver. No one is gonna counterfeit them. They exist in quantity, and are well known. Certainly the old silver coins – like shillings – are kicking around in many Commonwealth countries.

The members of GRS nation should be involved in this level of merchant activity: trades at markets; trades over backyard fences; trades to introduce bullion bugs to cryptos. And all these putting GRS to use as a currency.
Title: Re: Daily Crypto Nooooooz
Post by: jjbillabongboy on November 21, 2017, 10:02:01 am
Always here for class IMZ


Sent from my iPhone using Tapatalk
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on November 22, 2017, 08:24:37 am
Beginner’s Class: evaluating exchanges/exchange procedures

Part One

Posts on Reddit etc., readers, reveal that newcomers pay too little attention to The Whole Exchange Thang. Let’s poke about at this a bit:

Firstly, your ‘exchange-exposure protocol’: how many $ worth of crypto might you have on any one exchange at any one time?
Well, that’s your business, and there is some ‘deeper level stuff that you can ask about (like Bitfinex’s OTC-trading floor).

But one rule of thumb might be: could you shrug off the amount you lost if an exchange went down? If you couldn’t, then you’ve got too much on that exchange.

And let’s rudely divide exchanges into Tier-One and Tier-Two. That is, the better exchanges, on which you’d risk more, and the not-so-good exchanges, on which you might put only ever a little.

How do you evaluate an exchange?

Okay. v. v. first thing, you create a username and password, and then determine you’ve got the right site – not a phishing copy thereof – and save that correct-site link. (This is a fairly recent update to my OPSEC. You can bookmark the correct link. The point is to be paying sharp attention to the phishing thing.) Store the correct URL with the other data.

Then sign up. Have a cruise around. (I’m vision-impaired, so dark mode is a big big plus for me.) I truly am not yet sure whether rubbish site-design is a sign of a bad exchange. Kraken has a fine reputation, but its design is appalling.

Then hit the reviews. Of course – as with stuff like the recent Verification kerfuffle on Bittrex – people who are unsatisfied with an exchange WILL post to that effect. Those who are happy likely won’t. But I choose to give weight to those unhappy posters.

Why?

Because that what seems wise to me. The stress of having an exchange go wrong is awful, and there are enough good exchanges around (but I pine for the day we move solidly to decentralised exchanges . . . ). So I err on the side of caution.

Next: send an Hello to the Support. Somewhere way back on GRS’s Bitcointalk ANN thread, you’ll find Livecoin’s Support guy dropped in to say hello after I sent an Hello ticket to Livecoin when GRS was first listed there.
Never seen an exchange do that. Pretty classy.
But if Support can’t be bothered to provide ‘Proof of Life’ to a new customer, then I’ll go elsewhere.

If you know a crypto geek who uses the exchange, ask them. (If Krypto Guy X trades Coin Y, and Coin Y is listed on Exchange Z, then Krypto Guy X/the community should have some idea. BUT it seems many communities are reluctant to bad-mouth exchanges on which their coin is listed. Sigh.)

Next, run a test: put ten bucks’ worth of Bitcoin on the site; buy three GRS; pull ‘em off. Just yesterday, I experienced a glitch doing this: Noo Exchange required a ‘Confirm Withdrawal’ on an email, but the email didn’t turn up. For five minutes. I was hunting through spam folders, blah blah blah. Then I cancelled the withdrawal, and tried again. Got TWO confirm-withdrawal emails. Sigh. Not encouraging. I labelled it Tier-Two right away.

[Exchanges NEVER get better. Only ever worse. Interesting general rule.]

Then set up 2FA, and make sure the key is backed up with your username and password etc.

Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on November 23, 2017, 08:51:23 am
Part Two


Extra Bit One: you’ll hear endless stories about arbitrage. For what my opinion is worth, if you have to ask about arbitrage, you don’t know enough to do it. For me, the main concern is exchange-to-exchange transfers, which I rarely do:

if Geek A sends from her wallet to Geek B’s wallet, that’s a cryptocurrency transaction, as good as it gets. But when you work with exchanges . . . that’s different. Exchanges have large ‘in-house’ systems – like hot- and cold-storage accounts. So if you send from Your Wallet to an exchange address, you’re dealing, at their end, with their in-house system. If something goes wrong, you gotta start wrassling with the Customer Support.

But if you transfer from one exchange directly to another, you’re dealing with two in-house set-ups. If something goes wrong, you often don’t even have a transaction ID.

So I transfer from an exchange to my ‘home-base wallet,’ and from that wallet on to a second exchange.

Extra Bit Two: ‘bottlenecks’:

the following happens: you spend some time picking up small amounts of a crypto. Good. Well done, you! Then BAM! The price spikes big time.

Suddenly your Lambo Trader Guy. Get that coin onto your exchanges (‘cause sure as hell you haven’t had it sitting on the exchanges all this time . . . ).

What can happen is that you successfully sell all that coin at a kick-arse profit, then find that you have far far too much $-value on that exchange – that is, waaaay over your own exchange-exposure limit. You may also have daily-withdrawal limits in place on that exchange. (Big daily-withdrawal allowances are the reason geeks tolerate the risky and intrusive business of undergoing Verifications.)

So, be aware of this. I have, on one occasion, sweated for several days, making notes about my withdrawal statuses on several exchanges, as I ‘chunked’ coin off in certain limited amounts, to remain under my limits.

[Here’s a tip: I bet the GRS members reading here are not trading on as many exchanges as they could be. I bet you’re all huddled over on Bittrex. More fool you!! Apart from other benefits, you should have an idea of the following: ‘Okay, our Big Exchange is X. Our Small Exchanges are A, B, and C. If I want to sell a lot of coin quickly, 70% goes on X, and 10% each on A, B, and C.]

The Other Concern is a truly truly human one: you have a bunch of your own rules in place, and then the moment things go Big Time, you choose to bend those rules, AND YOU MAKE A HORRIBLE ERROR.

I can only offer the following wisdom, readers:

cryptos are gonna go on and on and on. Good and bad things will happen. (I got a phone call at midnight: ‘Put the kettle on. The DAO has been hacked. Ether’s price is collapsing!!!!!!!’).

Be the tortoise not the hare. The lambo moon sockpuppets are lying scum. It’s all much harder than they want you to believe.

Have procedures, follow them v. v. carefully. At all times. Regardless of the provocations to do otherwise.

Extra Bit Three: ‘creep’ and ‘spinning off’: ‘creep’ is the cool bad thing that happens as you start making profit. You started with ‘Right! Never more than 0.5 Btc on Exchange X!’ Then you buy/sell/buy/sell/buy/sell – and suddenly you’ve got 0.85 Btc on that exchange. So, you ‘spin off’ some profit; but here’s where it gets cool:

once you’re good at judging how to put bids in ‘on the low side,’ you have a lot of options. For example, suppose you trade Coin A against Coin B, but you’re watching Coin C’s price at the same time. Suppose you need to get some $ value off that exchange. Suppose Coin C is looking good to buy into. So you put 0.1 Bitcoin in a buy-bid on the low side of Coin C. Wait a day or two – bam! The order gets filled. Then you can send that Coin C to your Coin C wallet.

There is a splendidly complicated and profitable model of this that you can work with: transfers to hot wallets, to cold wallets, to paper wallets. It’s always a matter of judging the flows of amounts of different cryptos, of timing high-side and low-side bids so you can u s u a l l y move PROFITABLY from coin to coin (and then fees become almost totally irrelevant).

And all the while GRS remains ‘home base’: you trade into it, out of it, around it; but the point of this trading is mainly to increase your swag of GRS, and otherwise to beef up your holdings of other coins.

Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on November 24, 2017, 12:45:01 am
BAM!!

'On Bitcoin’s rapid rise in value, DiMartino Booth warns,

“To me, Bitcoin is a reflection of panic. It’s a reflection of people trying to get money into a safe place knowing the major governments of the developed world have got their printing presses running 24/7.'        http://www.zerohedge.com/news/2017-11-23/its-global-its-viral-dimartino-booth-exposes-feds-biggest-fear
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on November 24, 2017, 04:30:11 am
https://www.reddit.com/r/altcoin/comments/7eya76/trading_altcoins_that_arent_meant_to_be_currency/

Trading “alt-coins” that aren’t meant to be currency

Let’s take a wild swing at this question (in this exciting noo age of more-honest analysis . . . )

There’s lots and lots of theory here. Some I understand. Some I don’t (‘cause it’s ‘classical economic theory’). But let’s make this brief:

Two basic models, campers: a ‘pure’ crypto (with or without the sort of splendid development that GRS has), or a ‘crypto with some added (‘2.0’) function.’

Now check here: https://coinmarketcap.com/currencies/nxttycoin/

I devved on this coin. Its promise was that it would ‘do a currency thing’ in a particular environment. Note that even as it is now – face down in a ditch – it could still serve a basic ‘currency function.’ But that’s now irrelevant. It got the ‘particular environment’ thing completely wrong.

[You’ve heard of people ‘shooting themselves in the foot’? This community shot itself in the head.]

So, a crypto that claims value for some ‘promised function’ is doomed if it can’t get that function to work – and not to pick on Ether, but it’s a fine example.

The point is: Ether might eventually increase more in value than GRS. But I truly couldn’t care less.

Why? Because its nature makes it so much more vulnerable, as the events of the last year have shown.

But GRS? Well, I have driven people nuts trying to explain my notion of a ‘back-stop crypto,’ the place where you hold your ‘crypto value.’ Bitcoin itself is theoretically a ‘pure crypto,’ but its dev team/community has failed to rise to the challenges (though its success is a complicating factor).

Meanwhile, GRS has become increasingly attractive. It’s a pure crypto. But its dev team is leading thousands of other cryptos in the solid-development race. So it’s hard to see how it could ‘fade away,’ as so many other cryptos have: ‘back stop’ crypto!!
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on November 25, 2017, 07:36:57 am
Bittrex Notice

In case you missed it:

'Removing stale orders:  Effective today, Bittrex will be removing orders that are older than 28 days.  As we’ve communicated in the past, many of these orders have no reasonable expectation of being filled and clog the order books.
 
Raising the minimum trade size:  Within the next 2 weeks, the minimum allowable trade value for orders will go from 50,000 Satoshi to 100,000 Satoshi.  We will also require a minimum trade quantity on a per market basis.
 
Creating minimum tick sizes: Within the next 2 weeks, on a per market basis, we will be instituting minimum tick sizes that are based on the current price of the market.  The target is to have minimum trade sizes that are near 0.1% of the current price.  The current minimum tick size is 1 Satoshi.  For example, Ethereum trades at 0.0577 Bitcoin.  Bids and asks can only be placed in 0.0001 increments.  So the next levels allowable levels on the order book will be 0.0576 and 0.0578.'

And . . . (sigh) I feel it's right to mention this: there are still Reddit posts about the Verification screw-ups on Bittrex. Okay, it may be small numbers of people, but it seems it's still going on.

And: woo hoo! We got a recommendation here: https://www.youtube.com/watch?v=5wBMXm7lTAE&feature=youtu.be

Also: https://www.coindesk.com/online-bank-swissquote-launches-bitcoin-exchange-traded-product/ -- the relevant term here is 'co-option,' a political principle in which the radicals get drawn into co-operation with the guys they were originally opposed to. So, banks and governments can oppose cryptos (which won't work, and they know it . . . ); they can 'run in parallel' by creating e-fiats; or they can co-opt.
 
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on November 25, 2017, 11:44:41 pm
Make a nice cup of tea. Head to the garden. And sit and quietly and thoroughly read this article:

http://www.zerohedge.com/news/2017-11-25/could-italys-banking-crisis-drag-down-mario-draghi
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on November 27, 2017, 10:23:23 am
http://money.cnn.com/data/world_markets/se_composite/

The Shanghai Composite is a bell-wether. It was the one I pored over during the whoopsie several years ago. What you're looking for, guys, is a pattern: chunky red dip — that's reality. Then Big Green Uptick that takes the market to j uuuuuuuu st above where the red started — that's the Government 'Plunge Protection Team' preventing price-discovery with funneeee munnneeeee.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on November 28, 2017, 01:47:26 am
‘There is a chance that as the price raises to these scary heights, the regulators could come smashing down.’

https://cointelegraph.com/news/bitcoins-rollercoaster-ride-is-starting-to-get-scary

So, after four and a half years, we’re openly discussing What Brought Me to Cryptos in The First Place.

The point here is not how ‘blockchain’ can be embedded in the existing economy. The point is not how much money some folks are making with speculative trading.

The point is the combination of (a) the terminally corrupt and incompetent nature of the present banking/government/economic system, and (b) the arrival at that time of an instrument that allows ordinary people to abandon that system.

As the financial crisis just burns on and on, as more and more articles make the connection between the hard-capped nature of (some) cryptos, and the steady ‘debasement’ – ‘watering down’ – of government money, an unholy struggle will become huge and public: some governments at least will try bizarre and clumsy tactics to try to stop cryptos, and these tactics will backfire, convincing skeptical folks that they need to get into cryptos.

Conclusion? Same one as last time: no matter how crazy the situation gets, no matter how far the price of cryptos may fall, buy and securely store units of quality cryptographic currencies. The government simply can’t win this war.




Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on November 29, 2017, 03:33:09 am
 ‘even as warnings multiply that the largest digital currency is an asset bubble.’

http://www.smh.com.au/business/markets-live/markets-live-bright-start-ahead-for-asx-20171128-gzus12.html


Don’t care!

What? You don’t care if Bitcoin’s price falls fifty percent?

Read my lips: no!

How come?

We’ve seen Bitcoin’s ‘dominance’ swing between 98% and about only 40%. We seen the price spike and crash and spike and crash.

What ultimately matters is the number of GRS you hold/trade/use. It helps to conceive that you are involved in a tech phenomenon as much as a financial activity.


  ' ’Tis the season, it seems, of “official” economic forecasts, and the more that roll in, the more depressing they get. Last week it was the Office for Budget Responsibility, which sharply downgraded its productivity assumptions, and therefore its growth forecasts, for the wider UK economy. This week, it’s the Organisation for Economic Co-operation and Development (OECD), which has chimed in with even bleaker predictions than the OBR.'             

http://www.telegraph.co.uk/business/2017/11/28/forecasters-ignoring-certainty-another-recession/


The Talking Heads are having a harder and harder time keeping the system ‘levitated.’ If some craziness pulls a hundred or a hundred and fifty billion out of cryptos, don’t worry: some crazinesses will send it right back.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on November 30, 2017, 11:50:56 am
http://www.zerohedge.com/news/2017-11-29/about-sensationalist-bitcoin-electrical-consumption-story
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on December 01, 2017, 07:05:08 am
A continuing rise in price will bring much increased hacker interest to cryptos.

Government ‘cryptos’ – China, Russia – must be understood for their potential to confuse the situation for some time.

Finally, there are geeks in my camp who see the complexity of the 2.0s – quite apart from the drama with shonkey ICOs – as a problem (which makes GRS, as a ‘1.5’ crypto, a nice choice).
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on December 02, 2017, 12:14:50 am
'Coinbase tweeted that traffic on its platform hit an all-time high at eight times the peak demand experienced in June. Access remained unavailable to some users.'                         

https://cointelegraph.com/news/bitcoin-exchanges-outages-prove-their-sway-on-mass-market


‘It's because bitcoin is an alternative, a counter-power, the resistance. And dammit, it's shown the resistance can work.’


https://www.coindesk.com/theres-one-way-bitcoin-rich/

' "It’s an orgy” is how one strategist described the breaking news that US regulators have approved Bitcoin futures to start this month.’
https://cointelegraph.com/news/its-an-orgy-industry-reacts-to-us-bitcoin-futures-go-ahead

FEMINISM, TRADE-UNIONS, AND CRYPTOS??

‘Co-option’ is the term that describes how revolutionists end up working for the Federal Government Department of Vanilla-Flavoured Beige-ness.

Plenty of second-wave feminists went this way after a decade or more of exhausting and unacknowledged activism. They got offers from some guvvy-sponsored mob: little Asian-dictatorship car in the car park, office without a window, endless meetings and paper-shuffling.

Last year, I had cause to ring an Australian trade-union office. The first question I was asked was what company I represented.

Recall my interest in crypto communities. There is always ‘the pure thing’ – the revolutionary concept or the code that is the crypto. There is always the community, which contextualizes/actualises the concept or the crypto.

I remain full of energy and enthusiasm. But it is appropriate at this juncture to say loudly and clearly that co-option (of cryptographic currencies as a revolutionary payment instrument) is well underway. We have piling into the space Governments, green corporatists, Wall Street, and the shonksters running the centralised exchanges.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on December 03, 2017, 06:01:07 am
https://cointelegraph.com/news/us-senate-moves-to-criminalize-non-disclosure-of-cryptocurrency-ownership

Of course, we shan't get too excited about a single article; but it's a valuable sign of the times.

My Very First Thought: using cryptographic currencies as currencies is the best thing you can do with cryptographic currencies.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on December 03, 2017, 12:53:48 pm
https://medium.com/@4pplet/best-ios-wallet-for-grs-my-opinions-950ef887f13b
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on December 04, 2017, 08:05:13 am
http://www.zerohedge.com/news/2017-12-03/crypto-surge-sparks-establishment-panic-bans-crackdowns-fatwas-bitcoin-undermines-go



‘First, the bitcoin undermines the government because a lot of transactions are about money laundering and tax avoidance.

[You mean tax avoidance . . . like banks and accountants help rich people do?]


Another problem is that the profits of new bitcoins that come with it do not benefit the government (as with normal money creation), but are absorbed in heavily environmentally harmful computer power.

[Note One: the electricity-consumption argument is just not substantially true.

Note Two: but even if it were benefiting the government, what would the government do? Give us more of the great cultural management that has put Nazis back into the German parliament? Perhaps what we really need is much more profits kept from governments, so they can do less harm!]


Central banks also have less influence on keeping the economy stable.

[The sort of Central-Bank stability that crashed the global economy into a ditch a decade ago?]


The investor has air in his hands when the bitcoin crashes, but also when the company turns out to produce baked air.

[Luckily, people in Venezuela and Zimbabwe and Cyprus didn't end up with 'air in their hands.']
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on December 05, 2017, 10:30:53 am
https://www.reddit.com/r/CryptoMarkets/comments/7hix37/preparing_for_the_worst/


Wheeeeee! We have a tug-of-war tug-of-war tug-of-war!

These guys predict Bitcoin's death (again): https://cointelegraph.com/news/pboc-governor-believes-bitcoin-will-die-but-chinese-market-disagrees

These guys are adopting Bitcoin: https://cointelegraph.com/news/bitcoin-can-pay-your-traffic-fines-in-south-africa

These guys are regulating cryptos: https://icodaily.net/2017/12/05/15-million-ico-scam-halted-by-sec/

Groestl is a Top-100 crypto
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on December 06, 2017, 07:36:27 am
https://www.coindesk.com/bitcoin-futures-make-way-new-kind-whale/


Hey, everyone. I am posting this article because I don't understand this stuff.

But if even a half of what the writer claims is correct, a range of new influences will come into play.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on December 07, 2017, 11:35:11 am
Only two classes of folks on Planet Krypto today: those who have seen this sort of Bitcoin-spike-induced drop in altcoin prices, and those who haven't. Good time to pick up GRS!!
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on December 08, 2017, 11:46:27 pm
'We're basically in the dark ages of Altcoins, where all alts are directly tied to BTC.
As BTC increases, becomes more stable, less volatile, more and more room opens up for alts. As long as BTC holds 60%+ dominance, all hail the king, basically.
We're just not at the time yet where all alts can be disconnected from BTC.'

https://www.reddit.com/r/CryptoCurrency/comments/7ifqon/futures_will_tame_bitcoin_people_will_pour_back/

I still don't have an opinion, readers; but IMHO we need to understand this dynamic.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on December 09, 2017, 11:11:00 pm
https://www.reddit.com/r/CryptoCurrency/comments/7ini72/whats_your_deal_breakers_when_researching_a_coin/
Title: Re: Daily Crypto Nooooooz
Post by: jjbillabongboy on December 09, 2017, 11:23:31 pm
https://www.reddit.com/r/CryptoCurrency/comments/7ini72/whats_your_deal_breakers_when_researching_a_coin/
Couldn’t help but disagree with a lot in this post! I mean on the surface a lot of what they say is agreeable but in MY experience, horseshit. Your favourite coin has anonymous devs! I’ve bought into two icos And neither of them have traded lower than the ico price (yet). And both of them had early bonus. I feel like there is a crypto old school. Icos got a terrible name for a while there but now we are seeing more and more amazing business ideas from the ico scene.


Sent from my iPhone using Tapatalk

Morning, J.! Couldn't agree more -- but it's an interesting array of opinions, and that's why I put it up for discussion. Yes, the anonymous devs thing is one I disagree with. And it pained me to note that there isn't a single mention of community organisation/dynamism in there.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on December 10, 2017, 01:36:58 am
http://www.zerohedge.com/news/2017-12-09/new-cme-bitcoin-futures-and-goldman-sachs-connection
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on December 11, 2017, 03:56:42 am
'The economy globally has continued its strong uptick throughout 2017, partially spurred on by very low interest rates and massive investment into various markets. However, according to Deutsche Bank Chief International Economist Torsten Slok, the major risks for the global economy in 2018 include a crash of Bitcoin.'

https://cointelegraph.com/news/deutsche-bank-bitcoin-crash-among-2018-financial-worries


This paragraph is embarassingly bad journalism.


Firstly, there's no 'partially spurred' uptick. The uptick is now openly understood, by every financial entity in the world, to be wholly and solely driven by funny money.

Secondly, Deutsche Bank Economist Guy should be pointing that Deutsche Bank itself is a billion times greater risk to global economy than Bitcoin. If Bitcoin crashes . . . no matter: it's self-contained. But if Deutsche crashed, it'd be lucky not to take the entire global economy down with it.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on December 12, 2017, 12:56:01 am
POW-Crypto Electricity Consumption Is The Latest Hysteria


" 'Bitcoin miners’ power needs could soar higher than global energy production by 2020' — is this correct? Bitcoin mining could eventually consume more than all the electricity produced in the world? Where would the rest of the electricity come from?"

https://www.reddit.com/r/CryptoCurrency/comments/7j31xg/if_you_support_crypto_as_a_whole_love_the_tech/


I will stay on the case. Before I came to cryptos, I spent time studying the politics of climate-change data. It's awful: if an activist/scientist believes a thing is both true and bad, then she/he may simply lie about the data.

'Bitcoin miners will consume an estimated 8.27 terawatt-hours per year. That might sound like a lot, but it’s actually less than an eighth of what U.S. data centers use, 1 and only about 0.21 percent of total U.S. consumption.'                 

http://www.zerohedge.com/news/2017-12-11/no-bitcoin-wont-boil-oceans


'Despite what you might've read, we don't have exact figures on Bitcoin's energy consumption. A site called Digiconomist keeps stats on how much energy Bitcoin is consuming, and it's the primary source for the stories circulating on the subject. Some of these stats look horrific: Bitcoin's current energy consumption is 30.2 terawatt-hours (TWh), which is more than 63 specific countries, and a single Bitcoin transaction consumes enough energy to power nearly 10 U.S. households for an entire day. But we shouldn't blindly trust those numbers.'                 

http://mashable.com/2017/12/01/bitcoin-energy/#cXgELVbGEPqU
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on December 12, 2017, 10:10:39 am
This is interesting: http://www.zerohedge.com/news/2017-12-11/oil-producers-turning-crypto-solve-sanctions-problems
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on December 13, 2017, 07:44:19 am
https://cointelegraph.com/news/belarus-signs-super-liberal-blockchain-support-legislation

Even if only a few nations follow the lead of Belarus, the future of cryptos is assured. That is, the more nations try to over-regulate/ban the technology, the more talent and capital will simply pack its suitcases, and move to Belarus and nations like it.

Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on December 14, 2017, 07:16:13 am
Readers, this is The Big Big Picture. Trillions of dollars worth of 'fleeing' capital is headed for crypto:

http://www.zerohedge.com/news/2017-12-13/china-regulators-complete-final-drill-preparation-petro-yuan-futures-trading
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on December 15, 2017, 04:30:07 am
https://www.sgtreport.com/articles/2017/12/13/the-virtual-economy-is-the-end-of-freedom



Please, please, readers, don't dismiss this article. Several positions in it -- like 'cryptos have no intrinsic value' -- are confrontational to us. But the thesis of the article is IMHO highly insightful.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on December 16, 2017, 07:47:42 am
'Extra tip: Do not worry about potentially missed gains. If you sold for 10% gain but the price doubled afterwards, you should be glad you realized 10%. Note that selling at the absolute top is really difficult'       

https://www.reddit.com/r/CryptoCurrency/comments/7jyze7/how_i_went_from_10_btcs_to_30_btcs_to_05_btcs/

Lots of good advice in the comments here.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on December 17, 2017, 04:08:29 am
I don't recommend the article, but this phrase struck me as apt:

'Putting money into any cryptocurrency isn’t an investment. It’s a vote.'

http://www.zerohedge.com/news/2017-12-16/stop-treating-bitcoin-stock                       


Okay, next: 'a nexus of money-laundering' — check the date on the article: https://www.theguardian.com/world/2015/apr/23/how-chinas-macau-crackdown-threatens-big-us-casino-moguls-sheldon-adelson            But I understand the 'laundering' in question here is the chance to move Yuan 'beyond' the Chinese system — that is, into U.S. cash.                         


Okay, next: https://www.cryptocoinsnews.com/mrs-watanabe-driving-bitcoin-price-higher-deutsche-bank/                   

What I suggest is going on in Japan is a little different from what the article is outlining. The real point to focus on here is that the pre-Bitcoin-forex trading, and now the crypto-trading dynamic, represent ways in which ordinary Japanese can do what the rich Chinese were doing in Macau: expressing distrust of their national financio-economic model. It's a vote.
Title: Re: Daily Crypto Nooooooz
Post by: jjbillabongboy on December 17, 2017, 06:25:37 am
I don't recommend the article, but this phrase struck me as apt:

'Putting money into any cryptocurrency isn’t an investment. It’s a vote.'

http://www.zerohedge.com/news/2017-12-16/stop-treating-bitcoin-stock                       


Okay, next: 'a nexus of money-laundering' — check the date on the article: https://www.theguardian.com/world/2015/apr/23/how-chinas-macau-crackdown-threatens-big-us-casino-moguls-sheldon-adelson            But I understand the 'laundering' in question here is the chance to move Yuan 'beyond' the Chinese system — that is, into U.S. cash.                         


Okay, next: https://www.cryptocoinsnews.com/mrs-watanabe-driving-bitcoin-price-higher-deutsche-bank/                   

What I suggest is going on in Japan is a little different from what the article is outlining. The real point to focus on here is that the pre-Bitcoin-forex trading, and now the crypto-trading dynamic, represent ways in which ordinary Japanese can do what the rich Chinese were doing in Macau: _expressing distrust of their national financio-economic model. It's a vote.
Blown my mind again Mark


Sent from my iPhone using Tapatalk
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on December 19, 2017, 01:55:14 am
The correct term here is 'propaganda.'

'Bitcoin has no natural intrinsic value. Can you buy a house with it? Can you use it for daily interactions? It may be valued at $18,000 right now but what I want to know is how you convert it into fiat currency and realize that value.'

Has no natural intrinsic value? Gawd . . . how many times do we have to go over this? (for zupaklevva Government Guys?)

Can you use it for daily transactions? Yes -- would be expensive. Why not use Litecoin?

Can't buy a house with it? Yep. Can.

How to convert it into fiat? See 'zupaklevaa Government Guy' above.

The point here, readers, is: it's not what is said. It's where it is said. Recent months have seen barraages of negative articles from the elitists: Yellen, the U.K. Telegraph, Motormouth Dimon, blah blah blah . . .

So, does the media exist to convey objective information to its readers? Or does it serve an 'ideological' purpose?

https://en.wikipedia.org/wiki/File:MB_Walker_-_German_bayoneting_children_-_Life_-_July_25,_1915.png

Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on December 20, 2017, 10:20:29 am
http://www.zerohedge.com/news/2017-12-19/stunning-reversal-china-gives-deleveraging-pledge


Best article today.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on December 21, 2017, 08:37:35 am
Here is this year's: http://www.marketoracle.co.uk/Article61064.html

Here is last year's: http://www.marketoracle.co.uk/Article57682.html
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on December 22, 2017, 02:30:40 am
'At CoinDesk's Consensus: Invest conference last month, there was much talk of bringing other forms of leverage, such as prime brokerage and securities lending-type services, into the crypto market to accommodate demand from newly-arrived institutional investors.'                             

https://www.coindesk.com/buyer-beware-credit-creeping-crypto/


In political theory, readers, we use the term ‘co-opt.’ It describes how, for example, revolutionist activists get worn down, and end up working for the Federal Government Department of Vanilla-Flavored Social Change.
Now, I don’t understand this new Bitcoin futures thing at all – but I see big big money involved.
Now check the picture.

 https://www.google.com.au/search?q=toddler+tricycles+with+push+bar&rlz=1C1CHBD_en-GBAU726AU726&tbm=isch&source=iu&ictx=1&fir=1XBVUX99B7v55M%253A%252CmlilxjU-QYhKKM%252C_&usg=__5r7FsTmPC_FuEEYdv4f792uA0sY%3D&sa=X&ved=0ahUKEwjS4a7vu5zYAhVEWrwKHcJpA6YQ9QEIiwEwAA#imgrc=1XBVUX99B7v55M:


The toddler gets to pedal and steer herself until Mum or Dad leans on the handle, thereby taking control.

It’s going to be an historic conflict. The existing banking-system is going to try to ‘co-opt’ Planet Krypto – to tame it – by bringing capital to bear, and by ‘bolting on’ its historical instruments, to produce a hybrid that suits them.



Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on December 23, 2017, 08:18:49 am

https://news.goldcore.com/ie/gold-blog/eu-cash-gold-bullion/

As always, let’s take a broader perspective:

Imagine you’re living in a nation at war. Certain goods are not ‘officially’ available – but you see the rich enjoying those goods, and the family in the house across the road have those . . . they bought them on the black market.
Then your child falls ill, and the medicine she/he needs is only available on that black market. Are you a criminal if you buy the necessary medicine?

As empires slide into obvious dysfunction, it becomes more and more difficult to remain ‘honest.’ I recommend histories of the collapse of Cambodia in ’75, the Bolshevik Revolution, and the Sukarno era in Indonesia.

Now look here: https://en.wikipedia.org/wiki/Civil_forfeiture_in_the_United_States
The stories of the bizarre extent of these confiscations have been becoming more frequent this decade. There’s little doubt at this point: this is the government stealing stuff. On a grand scale.

What’s my point here?

The extension of controls on gold and cash and gift cards, etc. will become civic asset forfeiture. It is a symptom of a system in collapse. Every day it is more and more difficult for ordinary people to understand and avoid the thousands and thousands and thousands of regulations and laws that exist.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on December 24, 2017, 04:14:04 am
'At CoinDesk's Consensus: Invest conference last month, there was much talk of bringing other forms of leverage, such as prime brokerage and securities lending-type services, into the crypto market to accommodate demand from newly-arrived institutional investors.'                             

https://www.coindesk.com/buyer-beware-credit-creeping-crypto/


In political theory, readers, we use the term ‘co-opt.’ It describes how, for example, revolutionist activists get worn down, and end up working for the Federal Government Department of Vanilla-Flavored Social Change.
Now, I don’t understand this new Bitcoin futures thing at all – but I see big big money involved.
Now check the picture.

 https://www.google.com.au/search?q=toddler+tricycles+with+push+bar&rlz=1C1CHBD_en-GBAU726AU726&tbm=isch&source=iu&ictx=1&fir=1XBVUX99B7v55M%253A%252CmlilxjU-QYhKKM%252C_&usg=__5r7FsTmPC_FuEEYdv4f792uA0sY%3D&sa=X&ved=0ahUKEwjS4a7vu5zYAhVEWrwKHcJpA6YQ9QEIiwEwAA#imgrc=1XBVUX99B7v55M:


The toddler gets to pedal and steer herself until Mum or Dad leans on the handle, thereby taking control.

It’s going to be an historic conflict. The existing banking-system is going to try to ‘co-opt’ Planet Krypto – to tame it – by bringing capital to bear, and by ‘bolting on’ its historical instruments, to produce a hybrid that suits them.


Still thinking about this!!


My idea above? 'Serial ETF-ing'? Co-option?   

 'Increasing demand will likely lead to more futures markets and creating greater volumes over time. There are currently over 15 applications pending for new ETFs, the volume is coming and to quote Antonopoulos again, there is a long way to go . . . ' 
  https://www.coindesk.com/comes-futures-next-chapter-bitcoin/
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on December 26, 2017, 09:46:55 am
http://www.telegraph.co.uk/technology/2017/12/23/bitcoin-risk-chinese-sabotage/


‘Beijing could render the Bitcoin network effectively useless by taking control of the powerful computers used to maintain the digital currency, which are largely based in China, according to a report from security companies Hacken and Gladius.’

‘effectively useless’??

The article is contemptible scare-mongering. Let’s dissect it:

One: China is corrupt out the wazoo. The Party cadre and the filthy rich capitalists are joined at the hip. The reason that Bitcoin is so central in China is that that serves their interests: money-laundering as the dream unravels.

Two: cool! Let ‘em do it! The crash in crypto prices would give everyone in the world a second chance at 2014. And the network would re-assemble itself in a much more balanced fashion.

Three (my first thought, and related to Two): ‘effectively useless’? Nah. Do we think the Chinese Government can co-ordinate across its vast and culturally diverse territory a swift and sufficiently affective raid? Indeed, many of the big mines are . . . big, and their location is public knowledge. But at the very least, it would take days; and the moment the news got out, all across the world, the some guys who were mining with laptops in 2012 would be gleefully firing those laptops again: cryptos are designed to be resilient.

Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on December 29, 2017, 02:59:19 am
'Community managers are being hired en masse. Their job is to oversee all matters relating to a blockchain project's community of supporters. This includes interacting with core developers, contributors, investors and even end users. The role of the community manager is vital to the success of a protocol; so vital that a ‘cottage industry’ has propped up overnight to offer community management as a service.'

https://www.coindesk.com/2018-beyond-tokens-eating-firm/

Fantastic changes in how crypto communities function!! When I started as a community dev, there was almost no such thing (other than the devs themselves doing it . . . ).

Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on December 30, 2017, 08:56:22 am
‘The Eurozone economy continued to perform robustly in the third quarter of 2017, according to preliminary estimates released by Eurostat.’
https://www.focus-economics.com/regions/euro-area

‘[South Korea’s] prime minister Lee Nak-yeon expressed concerns over Korea’s bitcoin craze, warning  that “young people and students are rushing into virtual currency trading to earn huge profits in just a short period of time . . . ‘
https://www.zerohedge.com/news/2017-12-29/stunning-look-inside-world-south-koreas-bitcoin-zombies

I wish that Eurostat Guy and President Guy had little windows in their heads, so we could all look in, to see what on earth is going on. The statistic on the EU’s economy is a lie. Have a look here:
https://www.statista.com/statistics/266228/youth-unemployment-rate-in-eu-countries/ -- who do they think they're fooling?

And bear sharply in mind that these rates have only been made possible with MASSIVE FISCAL STIMULUS.

And youth unemployment rates in S.K. are at record highs (though nothing like the E.U.’s).

And the tide of mental illness in the western world – and I presume elsewhere – is rising steadily.

What’s my point here? Don’t see cryptos as just a technological phenomenon. See them as a protest: vastly increased amounts of information (‘ ‘) is teaching younger folks that The Grown Ups actually have no idea what they’re doing! TGUs can’t manage a political system, an economy, an environment, an education system – nothing much, really.

And in the midst of this, The Big Clumsy Government Anti-Cryptos Push-Back has begun, telling us the banks need more control, that ‘rushing into cryptos to make huge profits’ shows that we’ve all gone quite mad.



'Bitcoin investors are claiming Australia's banks are freezing their accounts and transfers to cryptocurrency exchanges, with a viral tweet slamming the big four and an exchange platform putting a restriction on Australian deposits.

Cryptocurrency trader and Youtuber Alex Saunders called out National Australia Bank, ANZ, the Commonwealth Bank of Australia and Westpac Banking Corporation on Twitter for freezing customer accounts and transfers to four different bitcoin exchanges  - CoinJar, CoinSpot, CoinBase and BTC Markets.'          http://www.smh.com.au/business/bitcoin-tensions-rise-as-investors-claim-banks-freezing-their-accounts-20171229-p4yy3z.html

Go hard at cryptos in 2018, campers!! We may WELL see crypto prices hammered by Government attacks. Good! Makes cryptos cheap. Convinces more people that the Governments are losing control.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on December 31, 2017, 08:23:00 am
Ooooh! The Push-Back continues!!

https://www.zerohedge.com/news/2017-12-30/australian-banks-reportedly-freeze-accounts-bitcoin-users

https://www.zerohedge.com/news/2017-12-30/china-launches-new-capital-controls-puts-15000-annual-cap-overseas-atm-withdrawals
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on January 01, 2018, 06:15:52 am
https://www.reddit.com/r/BitcoinAUS/

This thread shows just how much energy is being spent at present dealing with obstacles put in place by the Government and the banks -- in Australia.

How are things going in your country?

[Happy New Year, everyone!!!!!!!!]
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on January 02, 2018, 07:51:15 am
Update on Australian Banks Banning Transfers to Crypto Exchanges

'NAB' is one of the 'Big Four' Australian banks. It has just put in place a total ban. A second, Westpac, will soon put in place a total ban.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on January 03, 2018, 08:52:28 am
'The rise in the value of bitcoin could be adding 0.3% to Japanese GDP growth . . . '

https://www.businessinsider.com.au/bitcoin-could-be-adding-03-to-japanese-gdp-2017-12?r=UK&IR=T
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on January 04, 2018, 08:07:56 am
'Spain's jobless rate is at its lowest level since 2009 . . . ' Wow! That's great!

Now look here: https://www.statista.com/statistics/266228/youth-unemployment-rate-in-eu-countries/

Maybe the Spanish youth unemployment rate was 40% last year; but now, it's only 38.7%.                                                                   
[ https://www.statista.com/statistics/266228/youth-unemployment-rate-in-eu-countries/ ]

The 'Eurozone powerhouse' is showing 'sustained economic strength.' [ http://www.telegraph.co.uk/business/2018/01/03/german-unemployment-falls-record-low-eurozone-powers-ahead/ ]

Without a doubt, part of the crypto craze is . . . craziness; but the world economy is being held up by funny money. Some people are beginning to understand that. Capital will continue to flow to cryptos.

[Woo hoo! January 1st marked ten years of me studying the GFC seven days a week.]
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on January 05, 2018, 09:02:37 am
The Australia (Reddit) crypto scene is full of newcomers trying to get into cryptos -- that is, from fiat to cryptos -- and they are posting about all sorts of difficulties.


'Coinbase announced Thursday afternoon that, for now, it would not be adding any new cryptocurrencies to either its flagship platform'                 

https://www.coindesk.com/no-new-crypto-coinbase-squashes-exchange-listing-rumors/

Now consider the drama that us GRS folks have had with Bittrex. And Kraken's trading-exchange has been so overloaded of late that the company admitted its exchange is dysfunctional.

And Poloniex? It was truly struggling even months ago, before they shut the troll box.

So, for Coinbase to choose not to add XRP shows that Coinbase must be close to its limits; and I'm suggesting that the whole global network of crypto exchanges is both overloaded and struggling to upgrade Verifications, which they are doing clumsily.

And if something sparks a bear market, people will be running for the exits.

Conclusion: From a security perspective, this is a time to be very very careful not to have too much coin on any one exchange.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on January 06, 2018, 05:49:02 am
And today's entrant in the Really-Really-Bad-Ideas Competition is:

https://cointelegraph.com/news/digital-currencies-are-too-volatile-is-there-a-way-to-fix-that
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on January 08, 2018, 12:37:56 am
https://news.bitcoin.com/maduro-issue-petros-venezuelas-oil-backed-cryptocurrency/

I assume that this will all go horribly wrong; but it represents one of the first of a phenomenon, campers -- the e-fiats. So let's watch it and others closely.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on January 09, 2018, 03:36:45 am
'Stock, bond, derivatives, commodity and other trades must all be reported to a repository, giving regulators a trove of data to track trades and try to spot bubbles early after failing to see the last crisis coming.

When the rules go live on Wednesday, fund managers and others must for the first time fill in a transaction report with up to 65 bits of data within 15 minutes of a trade – or risk being fined.'

https://www.theguardian.com/business/2018/jan/02/eu-bankers-work-around-the-clock-ahead-of-launch-of-mifid-ii-reforms

Several thoughts here: first, this is complete twaddle. Utter nonsense. Half the bureaucrats are pretending they're concerned to prevent the next bubble. The other half is busy keeping the bubbles happening. It's like watching one guy dig a hole as another guy fills it in.

But for cryptos?

IMHO we will see plenty of craziness. I reckon the coins at the top of markets will not do so well as 'simpler' coins further down the charts. Why? Well, readers know I rarely name coins; but this time, yes:

cryptos like Ripple and Tron just aren't 'solid' -- at least until they start delivering on their many many promises.

And meanwhile, all the craziness in the legacy financial markets will keep pushing people to investigate cryptos.


Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on January 11, 2018, 12:23:23 am
https://cointelegraph.com/news/harvard-professors-predict-bitcoin-collapse-due-to-government-regulation

‘Nevertheless, he believes that central governments will eventually drive the technology out of existence.’

Hit the history books, readers; and report back to me about the percentage of nations that have experienced armed revolutions in the last hundred years.

Miron should know better. He can’t comprehend – although he’s supposed to be a libertarian – that a government could simply fail to do a thing. But in my lifetime, Governments have utterly failed to keep us out of stupid wars, to crush organized crime, to win the war on drugs, to win the war on terror, to police our borders, to stop the economy collapsing, or to address climate change. So having lost the trust of a generation whose greatest skill is the Net . . . they’re gonna ‘drive the technology out of existence’?
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on January 12, 2018, 02:45:57 am
[second draft]

‘I literally cannot understand how Dogecoin is still going strong . . . ’

https://www.reddit.com/r/CryptoCurrencies/comments/7pouv8/which_cryptocurrencies_would_you_choose_to/

There are two things here that the Moon Lambo crowd don’t understand.

One: these older – established – cryptos have really solid and talented communities. Peercoin and Namecoin come immediately to mind. So does Unobtanium.
There is less chatter on the media channels of these cryptos. Many members are lurkers. But they all know the ‘deep’ value of the currencies to a decimal point, and they’ll buy at that price, which provides a valuable ‘floor’ for the currency.

GRS is a member of this club.

Two: the long-term value of a welcoming community: GRS does not lack in this respect – but there is real potential for us to shine here. Even if you have never owned a single Doge, you owe something to that community, which was the first to energetically seek to connect with the outside world.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on January 13, 2018, 12:42:12 am
Ceaușescu was a Communist Party Poobah for twenty-four years, but it took only eight days for public sentiment to change enough to literally put him in front of a firing squad. Historically, it is the case that regimes tend to go stretch, streetch . . . sttreeeeetchhh – SNAP!!
Now look here: https://www.coindesk.com/crypto-crackdown-talk-draws-ire-supporters-politicians-south-korea/

All over the world at present, Mr. GuvvyBankCorp is telling us that cryptos must be contained because of Things That Just Aren’t True (like they’re significantly funding terrorism),  or that choosing cryptos over stocks is a form of mental illness.
Remember what Ghandi said: ‘First they ignore you; then they laugh at you; then they fight you; then you win.

Whatever social dis-satisfaction is presently being expressed through interest in cryptos will increase a thousand percent if the global stock market has a whoopsie. Watch this space!
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on January 14, 2018, 12:19:48 am
https://www.reddit.com/r/CryptoMarkets/comments/7q7imt/why_need_to_stand_up_to_bittrex_please_please/

Yes yes. It's unpopular to criticise one's primary exchange, but some one needs to do it.

The situation at Bittrex hasn't gotten worse, but it hasn't got better.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on January 14, 2018, 10:01:16 am
'If you have a wallet to own Bitcoins, that company has the same obligation as a bank to know [you].'

I wonder what company that would be?

https://cointelegraph.com/news/us-treasury-secretary-addresses-anonymity-sanctions-and-digital-currencies


And: 'Mnuchin also addressed the potential that countries may use digital currencies to skirt existing financial sanctions.' ibid

https://www.bloomberg.com/news/articles/2017-09-11/north-korea-hackers-step-up-bitcoin-attacks-amid-rising-tensions


It's tempting to dismiss Mnuchin and Company as just fools. And their ignorance and shenanigans will ultimately benefit us. But it's going to be interesting!!!!
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on January 15, 2018, 01:49:37 am
'Is the ECB raising rates from record lows? Nope. Has QE ended? Nope. QE continues to run at $30B Euro a month and rates remain in full panic mode. Not what one would’ve expected 8 years ago following a return to full employment. Stimulus programs & interventions used to be methods of crisis management now they have become permanent fixtures in global economies. Why? Because this is what it takes.'

https://northmantrader.com/2018/01/07/2018-market-outlook/

My point here is that although I have failed dismally in calling the time-frame there are only so many ways in which reality can be staved off — though I urge everyone to get a grasp of 'MMT' (what the Japanese are toying with) because it takes the moving-of-the-goal-posts business to a whole nooo level!!

Meanwhile, bear in mind, campers, a thing that is much clearer to the HODLers of Planet Krypto:

yes, an almost open-ended amount of rubbish cyrptos can and will and have been launched -- and a great deal of greedy people will lose a great deal of money on those -- but if every one who is reading here today sticks with established cryptos (I suspect POWs), and you are still reading here in 2020 or 2022, you will be doing very very well.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on January 16, 2018, 10:56:30 pm
https://coinmarketcap.com/currencies/groestlcoin/

Today, readers, plain and simple:

2018 is gonna be IMHO rather like 2014: a year of ‘sideways.’ We’re down 35% from December highs.

EDIT: Ooooh!! 50%.

Governments are swinging at us with a big stick.

Big deal!

Scrape up all the fiat you can, and buy in on the dips. Trade hard. Work with the community. Post useful content not moon lambo nonsense.

Cryptos are here to stay. Last year, we saw $-cap rise from thirty or forty Billion to over seven hundred. The next wave of capital will come. Maybe later this year. Maybe in 2019.

J u s t     w a i t.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on January 17, 2018, 06:52:31 am
Now is a good time to trade on our lower-volume exchanges: Livecoin, Coin Exchange, Cryptopia.

Check the volumes. Check the spreads. Tip-toe around. You could get bargains/make profit.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on January 18, 2018, 12:15:50 am
'Bank Indonesia has now joined forces with local police to prevent bitcoin transactions where they are most likely to take place – in Bali.'         

https://news.bitcoin.com/crackdown-on-bitcoin-hits-businesses-in-bali/

Something rather formal today:

you can follow through history the course of various political movements, and see them shift from some ‘pure beginning’ to being the sock puppets of their opponents. I remember the debate, in the early 1970’s, about the potential of . . . the television! The argument was that television had tremendous potential as an instrument of education.

It just didn’t work out that way . . .

What’s my point here?


The ‘pure’ idea of Bicoin – that is, non-Government-issued currency – is being ‘infiltrated’ and cheapened – ‘co-opted’ – very fast at this point. We got e-fiats (Government ‘cryptos’) incoming. We got a tsunami of regulation incoming. Got the Wall Street Bitcoin-futures squid clamped on our face.

Meanwhile, though, Wall Street – the global economy – is ripe for a whoopsie, and that will swing the odds in our favour. But whatever happens, cryptos – certainly one as solid as GRS – will persevere.

Wooooooo!
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on January 19, 2018, 08:37:57 am
'With the Italian public increasingly disenchanted with the euro, the country’s parliamentary election in March could lead to the introduction of a “new lira” as a parallel currency.'           
https://www.wikitribune.com/story/2018/01/11/current_affairs/italy-could-start-new-parallel-currency-after-upcoming-election/34349/

Today, a brief tour of the fantastic shift in the reality/range of money in the world in recent decades:
 
the Euro is a supra-national currency (and every crypto geek needs to know what ‘supra-national’ means).

I recall this from earlier days of the Eurozone crisis: https://www.theguardian.com/world/2012/may/27/ireland-euro-uncertainty-reviving-punts

There are a range of local currencies like the Brixton pound: http://brixtonpound.org/what

You may think that gold ETFs are a scam – I sure do! – but they are also a quite new form of ‘currency’ – working-class folks weren’t trading these things in 1970 in the country town I grew up in!

Then there’s the IMF’s ‘SDR’s.

The Caribbean’s pegged-fiat-token is (tiny but) multi-national: http://bitcoinagile.com/5A558B/bitt-launches-caribbeans-first-blockchain-based-digital-money_stream

And now the petro-yuan, an open affront to U.S. dollar hegemony.

And the Venezuelan/supranational petro-currency disaster-in-the-making: http://www.zdnet.com/article/venezuela-asks-other-countries-to-adopt-oil-backed-cryptocurrency/

And 5,000 cryptos/a range of Ether tokens.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on January 21, 2018, 12:03:58 am
https://blogs.thomsonreuters.com/answerson/world-cryptocurrencies-country/

The list of 'the state of play' in various countries is good information, quite an interesting read.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on January 22, 2018, 03:40:49 am
'I wouldn't proclaim so confidently that 2018 is going to be a sideways year, all indications barring any serious unexpected regulation say it's going to be the biggest year of growth yet.’ https://www.reddit.com/message/inbox/

One: the spike of late 2013 resulted in a government backlash that pushed crypto prices down for over 20 months.

Could that happen again?

Well, the ‘support base’ of cryptos is enormously larger than it was in late 2013, and that’s a very positive factor. But the number of ICO scams, and the way in which it is transpiring that other ICOs contravened various laws, and the enormous amount of capital that has flowed in, have given governments reason (according to their values . . . ) to act, and that action is underway: Europe, India, China, the U.S., Australia, South Korea, and other places.

Two: how stabilizing a factor will the Wall-Street futures be? Is it so that they can profit from shorting Bitcoin? and later, presumably, other cryptos? Wall Street wants to tame cryptos, and they have the capital to try to. And we’re going to see how it all goes this year.

Three: the ‘vapour cap’ thing has long been a problem; but has the enormously more complex nature of cryptos made it even worse? The millions and millions of newcomers are getting hard lessons in how things go on Planet Kryptos. What if all these newcomers begin to scrach and sniff?           

Let’s watch and wait.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on January 22, 2018, 11:16:44 pm
'Some experts think it will be the trigger for the next financial collapse. Others call it a “national crisis” of unprecedented proportions.

But what all of them agree on is that there’s no way US pension funds can keep their promises to the next wave of retirees.'

https://www.forbes.com/sites/oliviergarret/2017/06/09/the-disturbing-trend-that-will-end-in-a-full-fledged-pension-crisis/#7147303a6620


'The looming pension crisis has been signalled in the collapse of Carillion.'

https://www.zerohedge.com/news/2018-01-22/global-pension-ponzi-carillion-collapse-one-many-come


The 'original' GFC -- 2009 -- was caused by large amounts of low-quality debt. What followed was the creation of lots more low-quality debt.

But the recovery hasn't come, and it isn't coming. (That's just newspaper headlines -- and who believes those?) One of two things will happen. The first is that governments will continue to print money, which will make cryptos attractive as a safe haven. The second is that the economy will just start spiralling out of control, which will increase distrust of government, which will make cryptos attractive as a safe haven.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on January 24, 2018, 09:49:00 am
The global crypto-noooz reality has been a little 'mushy' in the last fortnight.' You could spend an hour going over this:

https://cryptocoinmastery.com/south-korean-card-companies-block-transactions-overseas-cryptocurrency-exchanges/

We have overlapping reports, reports supporting one agenda or another, badly-translated reports, false reports intended to move the markets -- all sorts of reports!!

And in the interest of simply being honest and objective: IMHO it will go on for a while yet. Entities like the U.S. SEC and the South Korean Government can take months -- years!! -- to get policies in place.

Now is a great time to involve yourself in developing GRS's community. There is too much 'When Moon?' stuff still going on.

Now is a great time to improve your OPSEC, and perhaps read up on LN and atomic swaps.

What's clear is that anyone who is here now, and who sticks around, will have an income for life trading cryptos.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on January 25, 2018, 09:59:55 am
'Brisbane Airport (BNE) will soon become the first cryptocurrency airport terminal, according to reports from local media. The airport is working with local and international companies to make the entire terminal cryptocurrency friendly, with stores, coffee shops and restaurants accepting Bitcoin, Ether and Dash.' 

https://cointelegraph.com/news/worlds-first-cryptocurrency-airport-in-brisbane

These guys have scale on their side. Suppose they set up their system so they can 'real-time convert' back to fiat. Suppose that their analysis is that this is a good time to buy in to cryptos -- 100% appreciation within two years? 200%

The scale thing is that these guys already have lawyers on staff, so such a venture isn't a great trial (as it is for individuals like us hobbyists . . . )

Then they watch the markets like hawks. If things seem to be getting steadily better, they keep some or all of that incoming crypto -- they don't real-time convert it. But if things look like going 'sideways,' then they sell that incoming crypto.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on January 26, 2018, 08:15:45 am
Having some fun today/why we love GRS

'Defendants illegally purchased a home, antiques, fine art, jewelry, luxury goods, furniture, interior decorating and other home improvement services, travel and entertainment.'       

'without providing any service to the clients.'         

https://www.techspot.com/news/72941-two-charged-big-coin-cryptocurrency-scam.html
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on January 27, 2018, 12:23:39 pm
' “Caveat emptor,” said Yvonne Zhang, who had spoken on a panel on the future of cryptocurrencies at an Association of Futures Markets conference in Bangkok on Friday. “The ‘investors’ that did not do due diligence and take time to understand what they’re trading in, both venue and subject matter, face unhedgable risks. If they continue to ‘trade’ the same way knowing the murky nature of this market, they’re gambling.” '       

https://www.bloomberg.com/news/articles/2018-01-26/cryptocurrencies-drop-after-japanese-exchange-halts-withdrawals


The OPSEC of the average citizen of Planet Krypto has worsened with the influx of newcomers in the last year. Now we get to wonder if this sloppiness extends to exchanges. The fantastic thing about the Coincheck Exchange hack is not that they had a half a billion bucks' worth of funds in a hot wallet; but that in a formal interview, they didn't really quite seem to understand that it was their fault. Wow!

Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on January 28, 2018, 08:15:35 am
'the rapid growth of ICO fundraising in many countries is the main reason behind Thailand’s decision to address the matter at policy level.'

https://news.bitcoin.com/thailand-taking-steps-to-regulate-icos/


Reports on the legality of Bitcoin are fabulously confused. Many headlines say 'Banned!' but the articles outline restrictions.*

A couple of countries are hard cases -- Bangladesh.

[And this is good data on the 'state of play': https://blogs.thomsonreuters.com/answerson/world-cryptocurrencies-country/]


So, Thailand has seen the light. Belarus has announced some sort of ICO-friendly stance. South Koreans reacted angrily to government threats to constrain cryptos/ICOs. And other nations will continue to do this.

So how can I argue that 2018 may be a 'sideways year'?

Well, I think there is a 'third category.' It's not 'Bitcoin is illegal in Country X!' -- which is the sort of headline we see. And it's not 'Country Y announces it will be a crypto paradise!' -- which is the other headline we see.

It's the headline we don't see: 'Country Z announces it is crypto friendly, desires to be a leader in the fin-tech space; but banks in Country Z refuse to transfer funds to tax-paying crypto exchanges, and the tax regulations are unbelievably difficult to understand, so you almost begin to feel that Country Z would really rather that cryptos -- real cryptos -- just disappeared, and they could keep blockchain and maybe launch an e-fiat.'

Let's see how it goes!


*This 2014 article is a good example of this sort of confused reporting: https://www.coindesk.com/bank-thailand-says-bitcoin-illegal-warns-use/
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on January 29, 2018, 04:48:05 am
'A growing movement of senior business figures, economists, and powerful investors from across the globe is calling for capitalism to be reimagined so that companies everywhere serve a social purpose.

The charge is being led by Larry Fink, the founder and chief executive of the world’s biggest asset manager, Blackrock. The investment house has $6.3 trillion (£4.5 trillion) under management, making Fink arguably the single most influential investor on the planet.

Fink detonated a bomb in boardrooms everywhere earlier this month with a letter to the bosses of all the companies it owns shares in, saying they could no longer afford to focus simply on profit.'

http://www.telegraph.co.uk/business/2018/01/28/larrys-letter-drives-charge-reimagining-global-capitalism/


My stance on this is clear: it will be a disaster for the human race:

even though revolutionary communism – like the U.S.S.R. – failed, its lesser form (‘Eurosocialism’ will do for a term) has been becoming steadily more authoritarian – cultural Marxism!

Globalism and technologism (and ‘climate-change-ism’) have given bureaucrats excuses to move into bigger offices. No one will now deny that government and capitalism are working more closely together – like Google and the German government.

But until now, there has at least been the pretense that the capitalists need to be controlled because they are an anti-social force.

But now the capitalists will convince the bureaucrats that The New Capitalism is good (but the capitalists will keep all the bad old power and money, just the way the tobacco companies did when they divested . . . )

And the bureaucrats will be happy to be convinced because they’ll get even bigger offices.

And the result will be that that the massive and bankrupt and authoritarian bureaucracy, and the loony policies of cultural Marxism, and The Noo Caring Capitalism, will become a single entity.

And what does this have to do with cryptos? Cryptos are one of the few things left with the potential to weaken governments and banks.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on January 30, 2018, 11:19:57 am
Woo hoo!!

'All pairs are now tradable against BTC, ETH & USD.'    https://twitter.com/bitfinex/status/956195856847433728


'The adoption of Bitcoin Cash is seemingly continuing to increase as its supporters promote its use for ordinary commerce, like cash.'

https://www.trustnodes.com/2017/10/27/bitcoin-cash-now-accepted-1200-restaurants-denmark


Bitcoin 'dominance' was once as high as 98%. Today it's down to 33%. So . . . how does this concern GRS?

It means that Bitcoin's stranglehold on trading and 'brand recognition' is broken. Many many more cryptos will achieve significant adoption -- on exchanges and by merchants -- in coming years.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on January 31, 2018, 10:24:43 am
https://cointelegraph.com/news/facebook-bans-cryptocurrency-ico-ads-because-of-deceptive-promotional-practices

Today is a good day to be an experienced crypto geek. There are always 'internal' events (like tech updates) and 'external' events' (like the one above). Either can cause craziness.

Keep track of the buy-in prices of your GRS purchases. Keep some fiat to buy in when prices are low. Keep a little bit of your 'pole coin' (which would be Bitcoin if you're trading BTC-GRS) in reserve -- not much. Just a pinch. If a slump looks like continuing, sell any coin that you can break even on -- which gives you pole coin to carry on with.

Keep your mind on the big picture. Keep trading.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on January 31, 2018, 11:37:30 pm
'Sberbank does not plan to provide cryptocurrency exchange to retail investors, but is looking to operate on the institutional level.'           

https://cointelegraph.com/news/russias-largest-state-bank-to-open-cryptocurrency-exchange-in-europe

This is a very important shift in the terrain, campers. The less important thing is that this bank has decided to set up outside Russia.

The more important thing is that they will only serve institutional customers. The response of committed crypto geeks should be to set up groups of p2p traders, who can provide non-mainstream bulk cryptos. I already know of the existence of one of these.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on February 04, 2018, 07:36:33 am
‘in a way, all these red days should be good, I expect good coins will rise from ashes and shit coins will [not].’ Georgio Carasco De La Cruz (on our Telegram channel)

This is an astute insight. Let’s dare to say some obvious stuff right out loud:

it was big flimsy cryptos/2.0-crypto-ICO scams that sparked the government push-back; and now solid (innocent) cryptos are suffering from the bad reports.

But here’s where it gets interesting: if we can persevere – it’ll be months and months and months – the world’s understanding of cryptos will improve, and people will begin to identify and choose those cryptos with sound foundations and long-term agendas . . . like GRS.

Meantime? Trade hard.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on February 05, 2018, 10:16:43 am
'The Ontario Municipal Employees Retirement System (OMERS), a pension fund created by statue that handles net investment assets of $50 billion serving almost 500,000 members, is to directly buy eth by backing a newly formed company called Ethereum Capital through its investments arm.'           https://www.trustnodes.com/2018/01/30/canadas-biggest-pension-fund-buy-eth

I've been waiting to take a swing at this: how is it that NO entity, such as these guys or the stock exchanges offering Bitcoin Futures, has been called out over the evil terrorism-financing aspect of cryptos? (apart from it being largely untrue . . . ) Why is it bad for individuals to own cryptos? but okay for institutions?
Title: Re: Daily Crypto Nooooooz
Post by: timmy12 on February 05, 2018, 12:54:22 pm
so, can anyone tell me any critical points which do I need to care about before investing into ICOs? ;D ;D ;D
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on February 06, 2018, 01:57:25 am
Biggie big big question, timmy.

IMHO

One: do due diligence. This got forgotten in 2017.

Two: maybe only tackle the analysis of ICOs that are some months away -- I'm really restating 'One.'

Three: if you are at all uncertain, don't buy in.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on February 06, 2018, 02:02:15 am
Wheeee!

It's Tuesday here in Australia. Yesterday's wobblie on Wall Street is now . . . yesterday. The Oz stock market is down. And we're watching for China to open.

We're still only hours away from a Bitcoin-low of $6,756.  Will it keep going down? Don't know. Gonna trade very very carefully.

This is big news: https://www.reddit.com/r/CryptoCurrency/comments/7vhs9u/the_dip_is_over_senate_testimony_posted_online/
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on February 07, 2018, 10:53:10 am
'If you want to try to figure out where we’re headed, you need to get out of your own head and into the minds of younger generations. While it’s fun to mock millennials and avocado toast, this is one of the most systemically screwed over generations in a long time. Thrown into the job market in the midst of an economic collapse, they watched their parents lose their homes while Wall Street got bailed out. These are lessons and experiences that stick around for life and fundamentally shape how one sees the world. The younger generations aren’t going to be interested in tinkering around the edges of the current paradigm, they’re going to want to replace it entirely. They have no loyalty to a system they’ve witnessed do so much damage.'         

https://www.zerohedge.com/news/2018-02-06/crypto-hearing-post-mortem-bitcoin-gains-regulators-balanced-not-dismissive

This is being hailed all over Planet Krypto for what it is: a remarkably honest and insightful statement by a regulator.

But m e a n w h i l e . . . Carstens of the BIS is talking the usual twaddle -- but don't take it lightly: the BIS are heavy hitters:

https://www.reuters.com/article/cryptocurrency-markets-bis/central-banks-must-act-against-ponzi-scheme-cryptocurrencies-bis-head-idUSL8N1PV5KS

Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on February 09, 2018, 11:27:54 pm
What are the connections between stocks and cryptos?

What I've been arguing since I got into cryptos is:

One: the GFC never finished. Debt has been used to make it seem that it finished.

Two: the stock markets have been behaving crazily for years now.

Three: this week's craziness on those markets might not continue. If it doesn't, we'll puddle along in Crazy Mode for a bit longer.

Four: but . . . if the markets worsen, cryptos will not only boom in price; but the politics of it all will really kick in: Millennials -- whose adult lives have been lived through the ten years of the GFC -- will really really clearly see that the system doesn't work for them/it doesn't work at all.

I recently saw the term 'accidental criminal' -- those who have wound up on the wrong side of their Tax Department because know one can understand crypto tax regulations. Can you say 'mass social disobedience'?






Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on February 11, 2018, 03:46:50 am
‘With China cracking down, India cracking down and big retailers that once accepted Bitcoin now turning away from it, gale force headwinds are blowing against the world's leading cryptocurrency.’

https://www.forbes.com/sites/kenrapoza/2018/02/05/banks-retailers-china-have-all-turned-on-bitcoin/#51a29e0d95ca

I was ridiculed on Reddit for saying that 2018 would be a ‘sideways’ year for cryptos.
But price is not the only measure.

The total number of crypto users in the world is still a tiny percentage of world population. So, suppose governments and central banks manage – this year and next? – to put a f a i r l y affective strait-jacket on cryptos? It may be that price does rise, perhaps back to $20k or more; but that the original libertarian goals of this technology – to provide a real alternative to a global banking-system seen as corrupt and incompetent – will not have come about.

The deciding factor will undoubtedly be the global economy – but that’s not my point.

My point is that ‘sideways this year’ isn’t just price. It could also be the creation of regulatory constraints.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on February 12, 2018, 07:37:06 am
http://money.cnn.com/data/world_markets/se_composite/

Check the Shanghai Composite Index. Nearly ten percent down over several days, then closes less than one percent in the green on Monday -- that's the Chinese Government propping up the market -- more debt.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on February 13, 2018, 03:01:10 am
Okay, start here, campers: 'The key lines of defence have held on Wall Street.'         

http://www.telegraph.co.uk/business/2018/02/11/frightening-market-tremor-first-warning-trouble-2019/


Now some theory: feminist theorists speak of 'gaps and silences' — the fact that the important stuff can just be left out. Okay . . .
 .
Now check here: https://www.zerohedge.com/news/2018-02-12/chinas-plunge-protection-team-arrives-urges-companies-boost-stocks-avoid-selling

'the China Securities Regulatory Commission (CSRC) and other regulators "advised and encouraged" some major stockholders to purchase more shares in the mainland-listed firms they invest in.'        ibid

'The Shanghai Stock Exchange said on Friday that it has issued warnings and limited intraday trading to prevent large equity sales that affected the market’s stability.'        ibid
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on February 14, 2018, 01:24:52 am
'"If you were going to look for what’s the possible real crack in the financial architecture for the next crisis, rather than looking in the rearview mirror, pension funds would be on our list,” Hunt said in a Friday interview with Bloomberg, discussing what municipalities and states will do when local tax revenues decline and unemployment worsens. "So we're worried about those pension obligations.”

PGIM, owned by New Jersey-based Prudential Financial, advises 147 of the 300 largest pension funds around the world. Hunt joined Prudential in 2011 after leaving McKinsey & Co., where he doubled assets under management, renamed the business PGIM, and bought a Deutsche Bank AG unit to expand in India.

In other words, he knows the business like the back of his hand.'

https://www.zerohedge.com/news/2018-02-13/12-trillion-asset-manager-forget-volatility-real-financial-timebomb-public-pensions
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on February 15, 2018, 06:39:19 am
'Citi India has decided to not permit usage of its . . . debit cards towards purchase or trading of such bitcoins, cryptocurrencies and virtual currencies.'          https://www.businesstoday.in/sectors/banks/buying-bitcoin-difficult-citi-india-bans-cryptocurrency-purchase-using-debit-credit-cards/story/270561.html

'Given concerns, both globally and locally'       ibid


So far, we've heard the palaver from the banks about protecting themselves and their customers, but we now have a blatant 'governmental function': we are society's shepherds, acting locally upon international concerns.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on February 16, 2018, 10:06:32 am
Got an idea to kick around:

talked to our accountant today. It's increasingly clear that newcomers make almost no distinction between old-school POW cryptos and the most Wall-Street-ish permissioned-ledger blah blah token. THUS: we gotta start actually advertising ourselves as immutable (fixed number of units, no rollbacks) instruments: currency, store-of-value.

'Simple'!!
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on February 16, 2018, 10:07:57 am
'A new poll of IT mangers at large UK businesses found that exactly half keep stockpiles of cryptocurrency for various reasons. Unlike what some might imagine, only a very small fraction of the companies that are holding bitcoin claim to be doing so as preparation for a ransomware attack.'

https://news.bitcoin.com/half-large-british-businesses-hold-stockpiles-cryptocurrency/
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on February 17, 2018, 08:18:05 am
Got an idea to kick around:

talked to our accountant today. It's increasingly clear that newcomers make almost no distinction between old-school POW cryptos and the most Wall-Street-ish permissioned-ledger blah blah token. THUS: we gotta start actually advertising ourselves as immutable (fixed number of units, no rollbacks) instruments: currency, store-of-value.

'Simple'!!

Further detail: check this: https://cointelegraph.com/news/bitcoin-foundations-llew-claasen-says-bitcoin-will-hit-40000-90-of-altcoins-will-fail
It's Wall Street!

And a token I bought at ICO is requiring KYC. The devs seem utterly oblivious to the notion that KYCs for 'crypto' holders is at all unusual.

We shall distinguish ourselves from the froth and bubble of ICOs and corporate 'DLT' and mutable 2.0s and Government coins and pegged tokens. 'Just' GRS.

Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on February 18, 2018, 08:02:57 am
https://news.bitcoin.com/crypto-trading-2018-new-strategies-bigger-crowds-diminishing-returns/

GRS will succeed in the long-term because this is not us. Those newcomers who don't give up will begin to differentiate the fast-and-flimsy projects from the solid projects.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on February 19, 2018, 05:07:51 am
Volatility: Big Lies Are The Best Lies

'In other words, it’s becoming not just more volatile, the whole underlying structure of our economy is destabilizing.  What I mean by that is it’s becoming more brittle or fragile.  That is fundamentally why we are seeing these wild swings.'

https://www.zerohedge.com/news/2018-02-18/charles-hugh-smith-fears-catastrophic-drop-financial-markets-definitely


I'm pleased: got this one right years ago: we're gonna see wilder and wilder swings in everything as the system disintegrates.

Check this: http://www.macrotrends.net/1369/crude-oil-price-history-chart

Although the huge shifts happened slower than, say, Bitconnect's collapse, they were huge swings. The argument that cryptos are useless because they're volatile has always been a weak one, and it is getting weaker.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on February 20, 2018, 09:06:08 am
'Nigerians Trade $4 Million in Bitcoin Weekly, despite Warnings'           

https://news.bitcoin.com/nigerians-trade-4-million-in-bitcoin-weekly-despite-warnings/

Good read. Shows the relationship between What-Goes-on-in-Bankers'-and-Bureaucrats'-Minds versus what goes on in the real world (in which folks are running out of patience with bankers and bureaucrats . . . ).
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on February 21, 2018, 02:57:37 am
'The Opec cartel is to forge a permanent alliance with a Russia-led bloc of producers by the end of the year, aiming to regain control of the world crude market with a super-combine of unprecedented scale and reach.'

http://www.telegraph.co.uk/business/2018/02/20/oils-super-cartel-born-opec-russia-prepare-knot-us-shale-still/


What does this have to do with cryptos?


Well, when you buy your first crypto, you enter the world of The Theory of Money.

The U.S. dollar has been the global reserve currency since the Second World War, particularly in respect of trading oil. And the U.S. can bully nations by refusing to let them buy stuff with dollars -- stuff like oil. And this Russian-OPEC agreement is part of an historic movement away from trading in U.S. dollars -- check this:
https://www.cnbc.com/2017/10/11/china-will-compel-saudi-arabia-to-trade-oil-in-yuan--and-thats-going-to-affect-the-us-dollar.html

Now check this: 'an arcane new financial product — one that could presage a huge shift in global energy markets and advance China’s quest to play a bigger role in the global economy.'

http://foreignpolicy.com/2018/01/18/chinas-bid-upend-global-oil-market-petroyuan-shanghai/


So, on one side, the half-Trillion-market-cap terrier of cryptos has its teeth sunk into the calf of Mr. U.S., but on the other side, a wolf is tearing his arm out of its socket.

Now think about how stock markets functioned historically: you were rich, and you could trade stocks (in U.S. dollars?); or you weren't, and you couldn't. But NOW, schoolkids are trading these 'cryptos' on their smartphones during little lunch.

Watch for the collapse of the Eurozone, campers -- the death of the Euro.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on February 23, 2018, 01:31:22 am
Thinking about Exchanges

‘I'm using Kraken for a very long time and never had any issue, but it's true that their support is very slow to answer (like a month or so for complex questions).
You just have to be patient and they'll find where your money went.’

https://www.reddit.com/r/CryptoCurrency/comments/7zdwol/24k_stolen_by_krakencom/



Firstly, the political term ‘co-option’ – soooo useful at present. ‘Co-option’ is when something good and new comes along, then the bad old guys get their claws into it, push it out of view, weaken it, take it over.

I’ve reviewed four exchanges since December: two centralised and two decentralised. Didn’t like any of them (though I do have high standards).

The decentralised exchanges are probably going to be as bad as the centralised exchanges. They are merely the next phase of the co-option.
What can we do about it? That’s a post for another day. But it’s clear that many crypto geeks think that the dexchanges will lead us to bright sunlit uplands. But I fear: nuh.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on February 24, 2018, 08:05:23 am
'Striking the right balance is not always easy though. In 2008 the Fed was preoccupied with inflation, while subprime mortgage products built up excessive leverage in bank balance sheets, provoking systemic problems in markets that lead to the worst global recession since the 1930s.'

https://www.reuters.com/article/us-usa-stocks-weekahead/markets-fret-over-federal-reserves-approach-under-new-chair-powell-idUSKCN1G729Z


'The pilot was pre-occupied with making coffee when the plane ploughed into a mountain, killing all aboard.'


Debt has to be repaid -- or maybe not.

QE was going to be a brief and unsavoury experience in just one country, but it has gone on and on in countries all over the world.

Really high levels of debt must be avoided -- except if everyone has them, then . . . everyone has them but you just don't talk about it!

After QE must come rises in interest rates -- or not . . . let's wait and see.


These guys have no idea what they're doing. So, 2018 -- with a new apparatchik at the helm of the US Fed Reserve -- will be sooooo interesting to watch. Articles suggest four or even five interest-rate rises.

Really?
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on February 25, 2018, 03:27:33 am
"If the government wants to introduce some control on operations done via crypto on its territory, it does make a lot of sense to issue its own cryptocurrency," he said.

https://www.coindesk.com/venezuelas-citizens-worry-national-cryptocurrency/

'Crypto' has both a technical and a political definition. Politically, it signals two things: non-governmental and anti-inflationary.

So the Petro is really an 'e-fiat': a form of (non-gold-backed) government currency that has a solely electronic form rather than a partially electronic form. It's a wolf in sheep's clothing. It's a red herring.

But it will fool some folks. But not for long.

Then will come the interesting part: will ordinary folks actually find it easier to get to real cryptos because they already have some experience of a fake crypto? Watch this space!!
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on February 26, 2018, 12:49:54 pm
'Koinex ( Indian crypto exchange ) just surpasses binance in REQ 24hours trade volume'     

https://www.reddit.com/r/CryptoCurrency/comments/805388/koinex_indian_crypto_exchange_just_surpasses/
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on February 28, 2018, 07:56:45 am
https://www.ethnews.com/poloniex-cryptocurrency-exchange-purchased-by-goldman-sachs-backed-circle


Just a reminder of the 'Three Ways':

One: everyone becomes tax compliant/cryptos are 'co-opted' by the legacy system. 'Co-opted' means 'absorbed.'

Two: dexchanges provide a (sufficient?) platform for anonymous trading.

Three: a culture of grass-roots p2p grows as the economy worsens.


And there are four players: the first is people. The second is instutions. The third is regulatory bodies. The last is the GFC.

I have no doubt that, at any time in the last decade, if the GFC had become again as bad a problem as it was in 2009, cryptos would have run beyond the ability of governments to control them: their value as currencies would have become clear.

At present, though, the greater involvement of institutions, and the lesser interest of 'the unbanked,' has given 'safe-haven function' the upper hand. Circumstances have put the focus on cryptos as speculative-trading instruments.

And things will continue this way for a while, until economic problems bring p2p back into play.

Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on March 01, 2018, 06:50:14 am
'China's National Internet Finance Association, a self-regulatory organization under the PBoC . . . '

https://www.coindesk.com/chinese-police-extend-crypto-exchange-monitoring-overseas/

Self-regulatory organisation 'under' the People's Bank of The Communist Dictatorship of China . . .

Gee. Wow.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on March 02, 2018, 07:24:00 am
The Proliferation of Types of Exchanges

In the beginning, there were no exchanges: geeks met in cafes, and p2p-ed from laptop to laptop.

Then suddenly there were (centralised) exchanges. Their numbers proliferated rapidly.
But they were all basically the same type of exchange: Bitcoin-altcoin trading-pairs.
Some did provide fiat-Bitcoin facilities; but my point remains: these exchanges were all quite similar.

Then the first decentralised exchanges were launched; but although we talked about their importance, we stuck to the centralised exchanges, where the real-time nature of the trading facilitated great profits.

But the events of 2017 sparked The Big Government Push-Back, and suddenly dexchanges began to attract interest, and more sprang into existence (and they exhibited the same sloppy structures, and arrogant protect-our-corporatist-arses attitude, that the centralised exchanges had assumed).

Lately though, we have entered a new phase. The types of exchanges has begun to increase. Ethfinex is coming. Bitcoin Futures began to be traded on Wall Street. A legacy bank is going to turn itself inside out, and become a ‘crypto-first’ institution. Livecoin looks like it’s gonna quietly allow a section of its clientele to operate without verification (but without customer support . . . ) -- ? Bitfinex has an OTC arena, and is also systematically weeding out the small players. Poloniex is gonna be something something under the thumb of Circle/Goldman Sachs. Robinhood, I understand, is both mobile and fees-free.

Anyone heard the term ‘unbanked’ recently? No, me neither.

Safe-haven function has the upper hand, and will have for some time.

And down the track? I’d like to see GRS launch a merchant-adoption-and-support exchange, which would incorporate an ‘e-mall’ were you could buy stuff with cryptos. We theorized this at length in 2015.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on March 03, 2018, 04:46:18 am
http://bitcoinpr.com.au/boe-governor-mark-carney-crypto-ecosystem-should-be-held-to-same-standards/


Imagine Mr. Government saying, 'It could be a problem that the sun rises in the east; but instead of banning that, we're going to regulate instead.'

That is, the notion that the Government isn't going to 'ban [cryptos] outright' suggests that they could ban them outright. The word you're looking for here is 'disingenous' -- it's a synonym for 'dishonest.'



'According to Carney, cryptocurrencies do not threaten “financial stability” at the moment, but they could after more consumers get involved.'

Ummm . . . okay. So . . . not a bad thing now, but a bad thing later?  Which is exactly what 'threaten' means!

Carney is an ex-Goldman-Sachs flunky of the worst sort, a mouthpiece, an apparatchik. The sooner we dispense of him/his system, the better off we'll all be.





Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on March 04, 2018, 04:48:13 am
https://www.reddit.com/r/groestlcoin/comments/81vcby/the_threat_of_the_efiats/
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on March 05, 2018, 02:28:09 am
'The Economist Intelligence Unit 'scores' the greatest global risk right now is a "prolonged fall in major stock markets." '

Ummm . . . yep.


'[The] favourable economic picture appears to come from a completely different world to the one where headlines are dominated by protectionist rhetoric, major territorial disputes, terrorism, surging cyber-crime and even the threat of nuclear war.'

Ummm . . . yep.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on March 06, 2018, 01:46:39 am
'I was able to buy things at yard sales with [GRS] the other day.'   

"More detail on the yard sale? My outfit luuurvs p2p"

'Literally asked if he'd accept the same value in cryptocurrency. Said yes I told him to download the mobile GRS App and made the payment and he was satisfied when it told him it was worth the sane ammt in dollars.'             

https://www.reddit.com/r/groestlcoin/comments/81ympl/still_my_favorite_coin/
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on March 07, 2018, 01:31:31 am
'But in this modern age, things come and go faster than ever. And for now, most of the public doesn’t care that Bitcoin has already doubled from its low of around $5K. All they think is Bitcoin crashed from $20K. So right now, it is considered a loser unless you bought a long time ago. The notion of getting rich by buying Bitcoin now is not really a part of the narrative anymore among the general public.'

http://jamescrypto.com/the-general-public-wont-care-about-crypto-again-until-bitcoin-breaks-past-20k/


I was ridiculed in January for predicting that 2018 would be a 'sideways year' like 2014. But this writer seems to agree with me.

What's my point?

Well, very very many folks on Planet Krypto at this second are new arrivals. They aren't the libertarians and techie-miner guys -- folks with 'deeper roots' -- who were the cores of communities when things went pear-shaped in 2013. So, the long-timers need to focus on maintaining community enthusiasm.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on March 09, 2018, 08:35:14 am
One:

https://www.nytimes.com/2018/02/25/business/cryptocurrency-women-blockchain-bros.html

Two:

A crypto colleague brought upthe same concern as me yesterday: anything that is not 100% shouting-out-loud enthusiastic is 'FUD.'

If you are -- like me -- a hobbyist crypto geek, and your funds are limited, here's some trading-advice:

we are all eager to 'get in at the bottom,' and thereby make a buck when prices rise again. But if you are at all unsure about Are we there yet?, then just wait. Keep your powder dry.
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on March 10, 2018, 03:03:20 am
'Around 21 percent of wealth advisers and private bankers surveyed by Knight Frank said their clients increased investments in cryptocurrencies in 2017.'

https://www.cnbc.com/2018/03/06/knight-frank-2018-wealth-report-the-ultra-rich-are-investing-in-cryptocurrencies.html?__source=Facebook%7Ccrypto
Title: Re: Daily Crypto Nooooooz
Post by: indiamikezulu on March 11, 2018, 08:09:21 am
This thread is now closed; but I will be here every day, working on:

https://groestlcoin.org/forum/index.php?topic=555.msg2267#msg2267