Author Topic: Daily Crypto Nooooooz  (Read 136534 times)

Offline jackielove4u

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Re: Daily Crypto Nooooooz
« Reply #30 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.

Offline indiamikezulu

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Re: Daily Crypto Nooooooz
« Reply #31 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.

Offline indiamikezulu

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Re: Daily Crypto Nooooooz
« Reply #32 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

Offline indiamikezulu

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Re: Daily Crypto Nooooooz
« Reply #33 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.

Offline indiamikezulu

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Re: Daily Crypto Nooooooz
« Reply #34 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.

Offline jackielove4u

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Re: Daily Crypto Nooooooz
« Reply #35 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?

Offline indiamikezulu

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Re: Daily Crypto Nooooooz
« Reply #36 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 ]
« Last Edit: April 03, 2017, 06:38:31 am by indiamikezulu »

Offline indiamikezulu

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Re: Daily Crypto Nooooooz
« Reply #37 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/

Offline indiamikezulu

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Re: Daily Crypto Nooooooz
« Reply #38 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.

Offline indiamikezulu

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Re: Daily Crypto Nooooooz
« Reply #39 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?]

Offline indiamikezulu

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Re: Daily Crypto Nooooooz
« Reply #40 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/
« Last Edit: April 06, 2017, 05:24:29 am by indiamikezulu »

Offline jackielove4u

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Re: Daily Crypto Nooooooz
« Reply #41 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!

Offline indiamikezulu

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Re: Daily Crypto Nooooooz
« Reply #42 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.
« Last Edit: April 07, 2017, 02:49:08 am by indiamikezulu »

Offline jackielove4u

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Re: Daily Crypto Nooooooz
« Reply #43 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?

Offline indiamikezulu

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Re: Daily Crypto Nooooooz
« Reply #44 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.
« Last Edit: April 08, 2017, 02:28:35 am by indiamikezulu »