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This is my shitcoin blog. You can also find me on Twitter under the handle @allyouracid (give me a follow if you want, or don't – I don't really care). If anyone has links or any other material on recent scams, frauds or other interesting stuff in Cryptoland, send me an email at… wait, don't send me an email, I'll find the good stuff myself. You can tag me on Twitter if necessary.
Shoved my ZIL profits into Tezos, again, effectively enlarging my bag a bit. Tezos is touching 2.80 USD and 0.00015 BTC, again, and it looks like sticking to that bag might have been a good idea. Too early to tell, though, so let's see if it manages to properly take out that resistance it created a few days ago in this range.
We'll get every single one of you nocoiners out there. Nobody can escape the degeneracy of Crypto!
Trading: I kinda feel a bit paralyzed, right now:
I'm sill holding onto my (staked) Tezos bag.
But at the same time, we have reached 19.000 USD per Bitcoin, and I'm pretty damn sure we'll get a proper correction in the 20-30% range, very soon.
But I am also convinced that Tezos will get its pump – with dumps and everything in between, of course.
So, I feel I should temporarily get rid of that bag, to buy back more when the opportunity arises, BUT:
I have bought Tezos at what momentarily looks like (slightly above the) rock bottom, plus the fact that Tezos often defied the gravity of Bitcoin, in the past.
Guess I'll just sleep one more night over it and try to find a solution, hoping that it's not exactly tonight that Bitcoin dumps to shit and takes that decision from me.
Major drawback of missing that opportunity would be that it might fuck with my plan to enter a major long position on Bitcoin (I assume I did mention that my Tezos bag is unhealthily sized? ^^) when it had its correction… but will Tezos really go lower than the entry I've had? Who knows. Guess it'll turn into yet another gamble.
What also speaks for selling is that higher expectations come with higher risks of getting just nothing (or having to wait even longer, missing out on more opportunities). But what speaks against selling is that selling the early stage of a pump won't get you all the hooker and blow and lambos. You see my dilemma? 🤔
Also, this could very well be a situation like a week or so ago, when I sold ETH too early at some 430 USD (had a proper long open which would have added quite a bit to my portfolio). A.k.a. selling the early stage of a pump.
For now, I think I'll stick with it and enjoy the inner peace I get from having to monitor less charts and having more time for my family.
Yes, I've made a decision. I'll fkin stick with it and see how it goes. Will sell half at 5 USD, so the rest is a free ride and then reevaluate.
Check this: the daily can very well turn red for a day or two before continuing its rise. All is fine.
If anyone thinks he fked up badly, recently, have a look at this poor guy. Can't tell if this is a larp or real, but damn…
Yesterday, not long after mocking Tezos for becoming the next Rock™, I bought some and ran some analysis. I should do more of this. 👇
In a matter of two days, this thing ran from 2.15 USD to 2.60 (current price). Maybe, just maybe, Tezos is getting its real pump, now. Not this crap from 1 to 4 USD, but a real, proper, face melting pump.
There's a DeFi protocol kind of release planned, and if this gains traction, the sky's the fucking limit!
I'm still 100% holding onto my unhealthily sized bag, and I have no plans to change this until we get one hell of a parabola. This, my friends, is shitcoin season. You don't exit, you only buy dips.
If you're interested in some crypto tax stuff, toss @CryptoCountant a message. He's giving away an ebook for "free".
Experienced crypto degenerates know they're in for a wild ride when this happens. 🚀
Paypal allowing cryptocurrencies to be a funding source for any of the transactions happening on the network, soon™! 🚀 🚀 🚀
I think we can set this in stone, now. The first major Bitcoin rally to 1.000 USD was the "Gox Rally", the one to 20.000 was the… hell, what was it?, and the one to 100.000 USD and beyond will be the "PayPal Rally".
LOL - if Filecoin isn't enough for you, check out Foldercoin and take Filecoin to another level! 😂
And once somebody programmed Operatingsystemcoin, you can even put it to real use.
ETH having the bullrun we've all been waiting for. Needless to say, I fucked that one up (last weekend… sold when I should have just waited for another hour; I should really have taken a piss instead of checking the price in that moment, ffs).
That moment when you're in the middle of Altseason and someone delivers a chart explaining why we're on the verge of an Altseason. 🚀
If anyone is still looking for an entry: if history repeats (or, rhymes, at least), we might soon get a decent entry or two.
Is DeFi still a thing? I haven't read much about shitcoins with food tickers, recently. Is it over? Have the new bagholders been generated?
HEX is a good example for how literally the worst shit on this planet delivers good pumps. But seems the fun is over, already.
I had this as my topmost entry for today, but moved it down because nothing feels as bad as starting out a day with HEX.
In general, it seems to be darts season, again. Check the charts, 15min - 4 hours, if it looks okay, zoom out into the daily, and if this looks bottomish and still has volume: buy. Wait a few days, max. weeks, sell, profit. You literally cannot lose. Lots of opportunities, here… spending an hour a day to check charts is definitely worth it. Might write a blog post on how to find coins, tonight. Or I won't, don't know, yet.
Qortal / QORT: I'm still pissed over btcmax.com locking my account. Deposited 15.000 QORT and they instantly locked my account, requiring KYC (which they won't get from me).
I just noticed something: Google makes it incredibly annoying for users to use Tor. I setup a tablet with Tor, and I realized that searching, watching YouTube videos or doing anything related to Google becomes a literal pain in the ass. They force you to solve captchas over and over, and sometimes, they even deny you the fkin captcha. And on YouTube you get ads like there's no tomorrow. GFY Google!
Fucked up a trade on MakerDAO? No problem, just prevent it from liquidating you. 💡
Ever wondered what the surface of an actual comet looks like? Here's the answer; this is comet Comet 67P/Churyumov-Gerasimenko. I imagined the surface of such a thing to be much more boring. Fascinating.
Linux: I've done it, again: I just downloaded an Ubuntu 20.04 iso and put it on a USB stick. I've bought a Lenovo Miix 320 tablet… and it had cancer when I bought it (Windows 10 was installed).
Being the guy I am, one of the first things I did with it was deinstall Windoze (thinking Lenovo usually has good Linux support… big mistake!).
Since then, I've tried installing GNU/Linux (several different distributions) on it, but to no avail.
Basically, this thing is a doorstopper since I've bought it… but now, I'm trying to install Ubuntu 20.04.
After half an hour and during the first try, it already hangs. Rekt.
Update (late afternoon): It fucking works! I can't believe it. How many hours did I waste on this piece of trash. When I bought it, I still had in mind that Lenovo is usually highly compatible with GNU/Linux, so I deleted the Windoze partition (also the backup one with the restore files) without prior research. What a mistake... countless downloads of different distributions, hours and hours, all wasted, but now, it runs. Sound works, video works, WiFi works, even Bluetooth works. Nice. 👍
Crypto: all signs up, right now. We might get a proper retrace, soon, but until then: party! 🎉
Bitcoin still in the range of 16.000 - 16.300, which it claimed yesterday, turning resistance into support (for now). Looks bullish as fuck and I'm expecting one more leg. Either very soon or after the weekend.
1h chart looks undecided, could chop in this range for a few candles or just break out.
4h chart and 1d chart agree with this, especially the 1d. It could finish with a small candle, giving the market some rest to confirm the current level before we continue to move up.
1w chart looks like all it wants is to finish its move.
Charts from 1m to 1w (around noon): see here. And no, I'm still not going to draw any lines.
Bitcoin: if we don't break it now, then I don't know when else.
Chart looks good, ready for breakout:
What the fuck, why does that image look like such a piece of shit? I installed rte_ckeditor_image to improve image handling, not to fuck it up 😠 Update 5 minutes later: fixed it!
Anyway, it feels like the current 16.000 resistance is slowly turning into support. It didn't recklessly break through and explore new highs, which I was hoping for, but solidifying the newfound support (if it holds as such) isn't a bad idea, either.
Update 23:24: I'm not gonna jinx it, again… so make your own judgement:
Offtopic: as some might know, I am producing techno sound as a hobby, with the computer (using Bitwig Studio) and with analog hardware synths. I'm not using Ableton Live myself (but have used it, back when I was still using Windows), but here's a chance to grab a free copy of Live!
Even more offtopic: does anyone know how terribly exhausting it is to write a blog when you have kids around you, all the time, playing, shouting, screaming? No? But I do. I definitely do. 🤪
Politics: the clownery just won't end. Here's a post of Mr. Orange's son (meanwhile deleted), claiming his father would provide proof of widespread voting fraud. Trump is becoming to the world what CSW is to crypto.
Update: it's not deleted, Minitrump's account just got blocked / deactivated or whatever, he probably has to verify his account now because of bullshit posting. Happened to me, today, when I made fun of Qanon.
Even Bloomberg realized that #DeFi tokens are just a gamble to make more Bitcoin.
Talking Bitcoin: BTCUSD is at an interesting spot, right now. At 15.650 USD, it's playing heavily with the current resistance. Everything from 4h and greater looks more than ready to pop. Three scenarios:
Either we pop. Right the fuck now. We'll make new highs and next barrier will be our 20.000 all time high.
We dump to shit and will revisit the 10.000 and below range. This would end the current wave of the overall run and we'd have to reevaluate how we continue from there.
Or we'll dump just a bit and get more chop in the 14.000-16.000 USD range.
I'd absolutely prefer option #1. My bags are packed and my body is ready. Let's do this!
Here's the relevant charts, 4h, 1D and 1W:
Not gonna lie, guys: I'm nervous as fuck. We're knocking on solid resistance, and the next hours will determine how we'll continue. I've got a long position I don't wanna screw up, and my fingers are constantly on the sell button. Expecting rejection any moment, either this or some fuckery like one heck of a wick down which gets me to sell, just to move back up right after. My brain can only handle so much adrenaline at a time. How am I supposed to sleep, tonight?? 😀
And I just realized that I've used the term "fuck" 29 times on this very page, this made it 30. I should watch my language lol.
If we manage to stay above 15.800 or 15.900 for the next few hours, the daily is gonna close above the last high six days ago. If that happens, we're set for another large breakout.
Decred tanked to 14 USD and now had a small rise to 15 USD. I'm not sure if I believe in its firepower. This thing could as well just dump back into the 12 USD range.
This is really a clever one: during the login process, accounts-daemon checks if accounts exist on the system to determine whether or not we're in the "first install mode" and thus need to create an administrator account.
By symlinking the .pam_environment file to /dev/zero, accounts-daemon is caught in an infinite loop, hence not responding and tricking Ubuntu into thinking this is the initial installation.
This causes Ubuntu to fire up the initial-setup process which allows you to create an administrator account without having any privileges for doing so.
As I said, it's already fixed. But still, this is an interesting approach which involves barely any coding.
That's not all, he continues posting an absolute nonsense article (just a side note: if an article claims in the headline that there is "undeniable mathematical proof", you can probably ignore it) as "proof", citing his "mathematical background" as qualification for doing so.
Then he complains about being censored by Twitter (metadata image not showing up in this article), which I would have loved to call out as nonsense, e.g. because the website didn't implement the twitter:image tags correctly, but this sadly isn't the case. What is the case, though, is that the image shows up correctly on Twitter. With a mark that the article is nonsense. 😂
Side note: I don't like it that Twitter does this. We live in a world where it became increasingly hard to verify information, and it's incredibly easy to get suckered into bullshit news, conspiracies and so on. And while Twitter's intentions might be humble (I'm sure they are), I think that everybody needs to decide for himself if a certain piece of "news" is genuine or not, and if he wants it to be part of his opinion making process. The road to hell is paved with good intentions! Also, those who can't debunk this kind of nonsense can't be helped, anyway.
Peter McCormack chimes in, helping Tone understand that he fell prey to bullshitters, which he politely declines.
Also noteworthy: Tone going full bonkers, copy pasting his initial reply here, here, here, here, here, here, here... and... this is stupid, I'm sure you'll find more occurrences of his post. But yes, each of those links is a different one. ^^
@fluffypony (give him a follow, if you didn't, already) also pops up and ends this thread. No reply from Tone to him.
Trading: Bitcoin still in its range between 14.500 and 15.500 USD, so nothing interesting on that end, besides everybody waiting for it to pop.
Altcoins: with Bitcoin being calm, altcoins took the chance to rise a bit. Checked Binance and there you have it… that feel when literally every single shitcoin goes up. Every single one but my bag does nothing. 😬
He said: "It may be a partial store of value because unlike thousands others (what I call s***coins) it cannot be so easily debased because there is at least an algorithm that decides how much the supply of Bitcoin raises over time."
Needless to say, I'm still blocked by him (because I'm a stupid Bitcoiner... and I'm blocked by @BitcoinErrorLog because I'm not a Bitcoiner LOL).
And another one: European Union demands that end-to-end-encrypted messengers provide a master key, so they can eavesdrop. I demand that such service providers resist and don't undermine their platforms with such nonsense.
I'm curious if they'll get Pavel Durov (Mr. Telegram) to provide a key. My bet is: they can shove their demand up their where-the-sun-don't-shine. 😂
Anyone else wondering how an 80 y/o guy suddenly has so much energy?
The other side still won't stop coming up with lies and bullshit. How do so many people believe him? I mean it's obvious. He's lying as soon as he's opening his mouth.
Trading: slow day with not much happening, but maybe opportunities which could pay out in the next days.
Decred had a nice dip, just now. I could not resist buying it. To the moon! If it keeps the current levels, all is good and we can wait for another run. If it moves up right away – fine, but if it's becoming one of those moves where it starts retracing back down, I'll look to exit that position.
Bitcoin is looking great, too. It almost reclaimed its high and seems more than ready to make new highs. If this happens, we're starting into the second consecutive buying week. I love buying week.
Small breakout with volume happening at 13:00 German time. Volume looks good, I think buying week is officially open, now! 😀 Sorry for the many charts, but just look at this beauty!
Trading: BTC still at $15.500 and ETH at $440+. Bitcoin is at 75% of its all time high, while Ethereum is at some 40%.
With all the coming ETH2 stuff, my bets are – for now – on Ethereum to outperform Bitcoin.
We might get one more leg up in this current "buy week", as I like to call it. Then, expect some cool off period throughout the weekend; then reevaluate if the rally as more firepower left or if we get another 1-2 weeks of cool off (which might fuel the #AltcoinSeason some more).
ETHBTC chart is slowly turning bullish on the smaller timeframes, up to 4 hours. The daily and weekly still look like crap, but it's about to get better.
Altcoins: I've bought some Decred (DCR). They have proven at least two times that they're able to deliver a proper pump, and they have massive releases in the pipeline.
RE: Bitcoin transaction times and prices: I just completed moving all my Bitcoin funds over to the Ethereum chain. I know, some might consider me a heretic, now, but in an active bull market, I really don't wanna be stuck with slow transaction times. High transaction fees, I don't even really care, but no way in hell do I wanna wait ages for a flip to finish.
Most of it is in ETH, right now. I expect this thing to fly, soon. ETH2 release right around the corner and the staking address already receiving funds is a great narrative for ETH to rise against BTC. 👍
Trading: great day, portfolio is up! Bitcoin surpassed 15.000, today and Ethereum is hovering above the 400-410 mark. ETHBTC chart looks like a total piece of dung, but this might change, soon.
I still hodl a significant portion of my coins in ETH, but:
They're locked in an Oasis contract, serving as a collateral for wBTC.
This way, I can hold onto my ETH exposure (because I think it'll outperform BTC at some point) while also being long BTC (or, wBTC, for that matter).
Whenever this loses firepower, I'll switch playgrounds and refill my altcoin bags. 🤞
Bitcoin chart looks like it isn't done, yet:
We might hover a bit in this area and then get to redecide what happens… but I'm confident the bull mode is on, now.
What I totally forgot to write about: install the Cryptowat.ch desktop app! I have ignored this wonderful application for way too long, but trust me, it's fantastic. Currently, I have 20 charts and 3 trade log feeds running simultaneously, and this thing uses 120mb of RAM and 10-15% of one CPU core at peak moments! This is absolutely insane, and it's such a relief when you're used to 3-6gb RAM browsers, crashing operating systems and all this annoying stuff. Great job, cryptowatch!!!
It's almost official: the Orange Man (no, not some Bitcoin dude) will not get another four years to force his annoyance upon the world (which is good). The question is: will he leave? Or will he just stay and pretend that he won the election? Or will he impose a new law which only counts red votes? 🤔
Plot twist: he already declared himself the winner.
Also noteworthy: Jack Dorsey is following Trump closely, to not miss any chance to mark his Tweets as nonsense (which I, personally, find ridiculous: those who don't recognize nonsense right away can't be helped anyway).
Markets (especially in Crypto) were relatively calm. I didn't expect much fuckery; Bitcoin is slowly continuing its uptrend (which is good, too), but we might see some turbulence when the results become official. Not trump-official, but official-official.
Oh, and did I mention that @BitcoinErrorLog blocked me on Twitter? Thought he was a chill dude, but seems I was wrong. Well, fk that guy. Didn't even really interact with him.
Yes, I know, it's been a while – again – but I've written a new blog post about my DeFi experience.
What else is up? Just a week ago or two, we've had rug pulls left and right. All those shit projects which popped out of nothing, usually only with token amounts in the range of a few thousands, scammed their "investors" (or "gamblers", as I prefer to call them).
While we still read about a rug pull every now and then, the overall rugpullery seems to slowly decrease.
Oh, and people go mad about the elections in the US of A, taking place next Tuesday.
My guess: they will reelect Orange Squirrel Man, and they'll get to drive the Fump Truck for another four years.
Violence. Much Violence. I'm not sure if this is just a subjective impression, but with people getting more and more stupid over the years (there's proof of that, but I don't wanna bore you with a German text, here), they're also more and more willing to use violence.
Whatever the result of the elections will be, it won't end well.
The good thing is: the world is fucked anyway, so that's just another drip in the barrel of shit.
Regarding all this, I'm trying to avoid political topics in cryptoland. It doesn't always work, but I'll stick to my premise of not judging people based on their political views, even if they totally contradict mine. It's just part of Democracy, those with different opinions exist and everybody has to deal with it. Simple as that.
Last but not least: I'll try to write a bit more in the coming weeks. Crypto times are definitely getting interesting, again, and there should be a lot to write and laugh about.
Also, RE: Corona. last time, Bitcoin dumped to shit and dragged everything down. Right now, many countries are facing lockdowns and other severe restrictions, and economy will suffer. Right now, it doesn't look like Bitcoin is negatively affected by this (on the contrary, actually… many big investments have been made), but I'm not yet ready to bet on a moon. I still stick with #Agenda2020+, and right now, it looks like it might work out, but be absolutely careful. It takes very little to turn the market sentiment upside down, so be prepared! Take a little profit here and there, and don't get #rekt!
…and I'm right in the process of updating the box this website is hosted on, so if you see a blank page or something else doesn't work, you know I fked it up hehe. I normally don't run 'apt dist-upgrade' just like that, but I don't know... today, I felt like YOLO and I just did it. Let's see if this ends in a night of debugging or if it will just work. ^^
2020/09/11: SushiSwap: The exit scam which didn't happen
Chef Nomi, created the Uniswap alternative Sushi Swap
at some point, he conveniently dumped all his Sushi tokens (the native token he was supposed to add value to, not leech value from) for a nice bonus of 38.000 Ether (~14.000.000 USD at this time at 370 USD per ETH)
community was outraged, rightfully so
for me, this was a clear case: exit scam. Seen quite a few throughout the years, and it's something that happens in crypto, from time to time
But what did my sore eyes see today? Chef Nomi gave it back. Yes, you read that right. I'm not sure I have seen this during my past eight years in Cryptoland. Good move.
Oh, and now that we're talking #DeFi: I have found a great explanation on how DeFi actually works. I think I finally understand it!
I genuinely believe that we've reached a point where you can randomly buy everything which hasn't pumped, yet. Buy, hodl & wait for the pump, profit.
This is similar to what we've had in 2016ish, when everything pumped randomly before everything started pumping in orderly ways (high caps -> mid caps -> low caps -> shit tier)
Memories of 2017. I still recall how there were death threats toward the Cryptopia (RIP) team, who then decided to delist this coin when it was still RaiBlocks / $XRB. Then it got listed on BitGrail and Mercatox and shit went haywire. #neverforget
Just for the record: I bought 300.000 XRB dirt cheap and sold them for dirt cheap at ±0 profit, because I wanted to "free some resources to buy something else and buy back ASAP", which I never did. 😀
Qortal is approaching block 100.000 – we're live since ~2 weeks. The daemon as well as the UI are stable as fuck, they haven't crashed a single time. Good work, developers! So far, I'm very happy with everything, and I'm collecting rewards from my former QORA balance, as well as a decent minting account.
QORT will bring its own decentralized exchange in one of the next auto updates. Looking forward to it! 🤞
Trading currently takes place OTC on the discord. Had a few trades with different guys, so far no scam at all (yay) and plenty of nice talks.
Long time no see, folks! I've found some stuff I thought was worth blogging about, so here I am.
You'd also call the shrink on someone who says things like "At Twitter, the language we have been using in our code does not reflect our values as a company or represent the people we serve. We want to change that."? I sure as hell would, but the guys over at Twitter are dead serious about this.
Shitcoins are going up, btw! Still no season, but random ass pumps scattered across the field. I'm using a "buy whatever hasn't pumped, yet, and hodl till profit" strategy, works fine.
Oh, and guess what happened a few days, ago: no, pigs still can't fly. But Qortal has finally launched! To generate coins, go to the Qortal Discord and ask someone to sponsor you a minting account. 🙂
Good morning! What a great day, Bitcoin is moving up and Tezos also still wants more. Good… let's keep it that way for another while. Dune is keeping its buy support in the 0.025 USD range, which is great. Also, starting with block 217.088 (should be a bit later, today), the monthly burning of 10% of unused wallets starts today. There are different estimates on how it will affect the total supply, but most range around the 50% mark, which would be quite huge.
But I assume that, if FOMO materializes and DUN goes up, more and more people will start claiming their DUN before the whole idle supply will be burned. So, with each passing month, the rate of burnable coins might decline if there's anything close to a network effect in Dune.
What's up today? I've decided to write a bit more about my trades. Recently, the markets are seeing increased activity; not only did Bitcoin leave its 6.000+ range and is knocking on the door to 10.000 – shitcoins are pumping left and right, too. Well, "pumping". Of course, this is nothing compared to 2016+, but even the Bitcoin 2017 blow off top has started somewhere (in 2015). So, let's be patient and ride this on its way up to new ATHs. 😎
What I'm trading, currently:
XTZ (Tezos), but not really active. Hodling my bag and waiting for a proper moment to sell. Can't really say when that will be, could be days, could be weeks or more.
DUN (Dune Network), Tezos' first fork. Been accumulating this thing in the 0.01-0.014 USD range, and boy was that exhausting (and rewarding). At times, we've had a spread of 100% and more, and two weeks ago, it was easy to play that spread if you waited a day or two for your orders to fill. But now, nobody is willing to sell any coins, FOMO is slowly kicking in, we've moved from 0.01 to 0.027 USD and I'm pretty sure it hasn't even started yet. 🚀
BTC (Bitcoin, of course): I'm about to explore the ftx.com (ref link) move contracts, because I've often been good at predicting that a move will happen, but not so much the direction of that move. Will update the results, here.
Let's see how it goes. Lots of opportunities, there… I wouldn't go that far to use the s-word, yet, but we're on a good way. Markets have bleeded long enough!
I'm back in Germany. No more palm trees, no more ocean, no more oranges you can pick right from the orange trees, cold weather and: SNOW! Awesome. At least something (but I expect it to be molten before we can build a snowman).
What a weekend! I should have posted it yesterday / when it happened, but had no time. To make sure this mess is archived, I decided to post it today. Background: @PeterSchiff likely forgot the password to his Bitcoin wallet on blockchain.info and blamed, guess what, the technology.
Peter Schiff's initial tweet, complaining how crappy Bitcoin is, not acknowledging his fault of neither saving the password nor backing up the seed
The new year has started. I left Germany for a month because I couldn't take the shit there anymore and needed a break. So, here we are in the new year and what I noticed, so far:
Shitcoins are still rekt
Bitcoin is still kinda rekt
The most influential person in the world is had become even more of an idiot than he was in 2019
Oh, there's something positive. After countless (literally, countless!) delays, there is actual hope that Qortal, QORA's successor, will maybe eventually launch on 2020/02/02. It's a cool date and it would be a shame if that would be missed, again. I'm not going into the details of what's planned and what the team is working on; I'll leave that to the developers and the ANN thread on Bitcointalk. 🙂
2019/10/25 - Why is it so quiet, here?
As you might have noticed, I didn't get to post in the past week. There are a few reasons for that. First, my wife is getting a small surgery on her knee, tomorrow, which means I've had to do some preparations, take care of the kids etc. The other reason is that I'm working on a new project. I can't tell much about it, yet, but it is (of course 😀) related to cryptocurrency. I'm helping out building a platform which could become a success. Nothing huge, because it only fills a quite small niche, but nevertheless, it could work.
Also, I always enjoy wrapping my head around new things, working on new projects and building on new technology I haven't used, before. Stay tuned! (But chances are good – or bad, depending on your view – that I won't have much time for shitposting in the coming weeks)
Update 2019/11/03: I'm still coding, using every free minute. My time to take care about shitposting on Twitter is limited... for now.
Tone Vays explaining himself and his salary of 0.3 BTC per hour for telling companies why they don't need a blockchain. If he's good in expanding a simple "no" to, say, an hour, he could actually making money this way.
Anyone remembers the beef OcamlPro had with the Tezos foundation in regards to paying for their work? The next obvious result (besides the launch of Dune Network) is that tzscan won't be maintained, anymore.
Oh, and yes, Tone still doesn't know how the reply button works.
Thinking about sponsoring a ticket for someone who in return promises to boo Tone all the time he talks… 🤔
On the other hand, he's already getting so much shit from everybody, so it shouldn't even be necessary.
Not crypto related, but: the recent shooting in Germany has lead interior clown Seehofer to believe we've got to closely monitor the gamer scene. Sometimes, I wonder if there's anybody sane left, here. Who the fuck installs these clowns?
By the way, Bitcoin did a decent spike from 8.200 to currently 8.600 – here's the subsequent filing of the reason / narrative. Keep in mind, though, that Zerohedge is one of the worst news sources we have in Cryptoland. Anyway, up is up, which is good. 👍
Thanks, Bitcoin, for the altcoin dips. I just refilled my bags.
It's funny. Really no news that altcoins shit the bed whenever BTC only farts (in whatever direction). But often, you can notice that during BTC's first spike (if it goes up), gamblers sell their shitcoins like there's no tomorrow. After that first dump, you can prepare your buys, because often, they realize during BTC's second leg up that this was totally unnecessary and start buying back their shitcoins (at higher prices). This is quite easy to play in market conditions like recently.
I don't need to explain why this video / the reasoning (or what they imply) is retarded, to I? #XRPTheStandard
Post from the Deribit guys on how insurance funds work in crypto and how they differ from legacy trading. Pretty interesting read!
RE: Shitcoin season. We've had a few good arguments for a season to happen, now. But it always makes sense to see the whole picture. Would you short this?
Good morning Shitcoiners! What a wonderful day, nearly everything is green. Me gusto! 👍 Short notice: as the site is now running since more than two months (which is close to two months more than I expected it to run) and actual people are reading my typorrhea, here, I somewhat feel obliged to continue. And to not have the home page grow longer and longer, I decided to move everything that's older than two months into the archive. It's likely that nobody scrolls down that much anyway, so it should be good.
One of my favorite Twitter guys on the current Bitcoin market / price. I agree, this feels kinda similar, but (subjectively) less… "severe". Maybe it's because I'm doing this for the third time, now, and at some point, you just get used to all the shenanigans and just trust the price to go up.
Anyone remember yesterday? Bitfinex warned that "mercenary, meritless lawyers" are preparing a lawsuit basically based on bullshit. And guess who's here, today: Roche Freedman! 💩 I have no idea why it's such a mystery to those clowns that an asset goes up when somebody buys it (a.k.a. buys Tether and then Bitcoin).
I would not bet my ass on this, but I have the feeling that this is gonna age well. Bitfinex had a lot of (legal) trouble in the past, maybe even the most out of all crypto / shitcoin exchanges. And so far, they always managed to pull themselves out of it. I'd be surprised if they screwed up just now.
Were you ever annoyed about persisting losing strains in crypto trading? Did you ever wonder how others do it? Simple: they have a proper window! 😀
Jokes aside (Coindesk already fixed it), here's the link to the original story about one of the recent scams in Cryptoland: QuadrigaCX. Props to the wi(n)dow, though – returning the assets is the boss move. I wonder if her husband has really passed away, though. There were a few conspiracy theories which, under the circumstances given, could actually make sense.
Binance referral program: valid concerns! I always suspected that the referral rich lists are just another marketing method, and that it's close to impossible to make such gains.
Pretty cool: if you want to go shopping for free and you happen to live in China, all you need is a photo of somebody and you're ready to go. Amazing tech!!1
Another reason to finally stop using this pain in the ass called BitPay. Not only that it's close to impossible to do a normal transaction to an address provided, which I enter, together with the amount – now you need to verify your email address. They'd do a better job just doing normal fiat currency services, imho.
Let's start with this, today: because I'm often annoyed by the whole "Bitcoin maximalism" thing (and because I'm convinced it's a ruse people are falling prey to), I wrote a short blog post about the topic.
My favorite quote from the article comes right from FOMOhio: "Ohio Senator Sherrod Brown, for instance, called Facebook “dangerous” and unworthy of Americans’ trust."
I have no idea how I should be saying this in a friendly way, but I'll try my best: DON'T USE THIS FUCKING PIECE OF SHIT MESSENGER!!1 It's a trojan horse / backdoor to your smartphone. WhatsApp already tracks shit which should be none of its business. So, if you haven't, already, uninstall it. NOW! 🚮
If your friends and family are the reason you don't wanna do it: educate them on privacy, tell them it's important. Try converting your friends to Signal (this one can do messaging and phone calls) or at least Telegram. It's worth it. You don't wanna be a casualty of an AI algorithm putting you in the wrong category.
Reminder: never trust a legacy broker offering you access via MetaTrader 4. MT4 allows for several ways to scam you. If you want to sign up for a broker and see he's offering MT4, only: run!
Coinbase Pro is increasing its fees. Even though they already were one of the most expensive exchanges around.
Investing firm Vanguard Group is testing blockchain for trading legacy currencies.
Really, though: don't blindly buy stuff off the market because it's green. Wait for a proper dip and then jump in, if you have to. This isn't financial advice, this is crypto degenerate talk. Just in case.
Emergency! 🚑 Beaxy CEO is missing (see below)! I wanted to make this a bullet point right below the story, but as this is a topic which concerns me a lot, I decided to put it right up here. So, here we go: I know this is all new tech, so I'll give them that. And whenever new tech was invented, lots of companies fucked up and lost customers' money. But dammit, other platforms also get their shit done (more or less). I've been asked a few times, already, if I wanna join others in creating their own exchange. And by all means, I am a tech savvy person. I'd be more competent than most of the small shitcoin exchanges going bust one after another, but for fuck's sake, this is about customers' money. We've got so many fools who think it's a good idea to sell their house and their mother to buy the latest shitcoin, and you may argue that they deserve it. But as long as there's someone better in technology / security, I don't wanna be the one responsible for their loss. And I wish those small exchanges who thought they can make a quick buck would think this way, too. Guess I'm a dreamer.
Unverified (also read the former posts of the thread): how BitMax (supposedly) fucks over the projects which allow them to make money in the first place.
When legacy retail traders can't stand crypto people doing their thing. 😂
Orange phase of the Bitcoin Stock-to-Flow ratio has started. In past cycles, this phase used to be a bit more bullish, but overall, this still checks out. 🚀
General altcoin outlook is pretty good, recently… well, on most exchanges, at least. 😀 Also, keep an eye on how altcoins perform when BTC takes a nosedive: while throughout the whole of 2018 (and parts / most of 2019), such events used to have a profound impact on altcoin prices, this effect diminishes more and more. Sometimes, it even seems that a declining Bitcoin price makes altcoins go up. #ShitcoinSeason, soon™? 🤔
"We are concerned that the primacy of the U.S. Dollar could be in long-term jeopardy from wide adoption of digital fiat currencies." – Seems somebody starts learning from us.
Wow. Just follow the links in the main story. You can't make this shit up... literally one rabbit hole after another. And they still wonder why nobody takes us crypto folks for serious.
Hedera searching for solutions to not create a second Zcash shitcoin, chart wise. Who would have thought: 30 Dollars per coin isn't sustainable in a network which has 50.000.000.000 (yes, fifty f'in billion) coins.
Also from that article (in case anybody – like myself – didn't notice): Stellar decided to drop its inflation. Could be a good idea to support a short term pump.
No more cashing out: Zimbabwe's central bank has shut down mobile money for cash transactions.
Interesting evaluation of how Bitcoin performs in what month, from 2012 till now, so it's pretty extensive. What I found most interesting is that even in the worst bear markets, Bitcoin still had a few positive months left. 🚀 (As the user protected his tweets, here is a backup of that image… sorry for the low resolution)
From our category "The Daily Nonsense": Medium post explaining that keybase.io has a "backdoor" because it creates a Stellar address (for an airdrop, which Keybase has agreed to run for Stellar) in the Keybase wallet without the user's consent.
Jeffrey even filed a bug for this. I hope he's cool with the bugtracker using his face n sheit to advertise their platform. 😄
A few crypto exchanges sticked their heads together and came up with a great idea: they've invented a new game called "Rate My Shitcoin".
Memes never take long to arrive in cryptoland. 😂 Congrats on this. Seriously.
When a mining farm burns down and the Bitcoin network goes up in transaction fees + block times (100 minutes). #Decentralization
We've been talking about it for over a year, expectations were highest ever in regards to any project launch in crypto, and yet, the impact was "overwhelmingly underwhelming". We should have known… feeling a bit like an idiot for having said things like "I think Bakkt still has some firepower left, despite all the delays".
Facebook and WhatsApp will have to share their data with the UK police. Across nations that far away, you would assume this requires quite an effort. Guess what: all they have to do is ask. I cannot stress this enough: don't use these garbage services! Facebook is known to install malware on your device, track you across the internet and sell your data as if you were their digital whore. Whatsapp is an insecure piece of shit application, you don't want it anyway.
If you're bored, give this a listen. Pomp is running an interview with Aleksandar Svetski about Bitcoin maximalism, toxicity and other stuff you'd expect from an 100% Bitcoin guy. Depending on your overall views in relation to crypto, your bullshit meter might peak here and there, but he's a great guy who writes awesome articles on Hackernoon and runs Amber.
Mark Cuban on Bitcoin (even though the whole thing wasn't related). Last time this happened in 2017, we went from ~3k to 12k. Alright, Bitcoin. You heard him. Now do your thing! 🚀
Sorry, I don't have any Greta Thunberg memes, today. As an excuse, here's an article about someone who is clearly a bettetr Greta!
Proof that there's still people who are not able to understand Bitcoin / crypto. While comparing Bitcoin to lottery makes sense in a certain context, this one totally doesn't.
The nerve of that guy… what he's doing here is a rhethorical trick: he's giving us some (false) proof in the tweet before and bases his statement ("therefore, you're guaranteed to lose money…") on that proof. Jorge, I see what you did there!
Cool developer stuff: Differencify. Differencify is a node library which allows to compare local screenshots against current screenshots of a website, notifying you on the grade of difference.
Why I'm posting that in a crypto related context? Simple: we often have to deal with cases where someone retrospectively changes content on a website to make it appear that the content existed since forever. Think Craig Wright.
Possible use case would be to create a database with projects you want to monitor, and set up Differencify to create a snapshot in regular intervals.
If it detects a change / difference, it sends an email. Sounds cool, I might play with that once I have time.
Lightning vulnerability disclosure. Somehow incoming channels weren't always checked for genuinity, which allowed for an attacker to claim to open a channel but not pay (the full amount). Update your nodes if you haven't, already.
Roughly 17% of all Bitcoins available today are in third party custody. While it's great to see that a lot of coins are "self stored", this still needs improvement. Not your keys, not your coins! Most exchanges don't give a fuck about your lost wealth once they get hacked. They run and you have to deal with the consequences of your ignorance of leaving your coins on the exchanges.
Of course it's annoying that whenever it's about Greta Thunberg, people start arguing about the messenger instead of trying to make some sense out of the message. But you gotta admit, the memes are funny! 😂
The Bitcoin bear case (I hate to cover that here…): invert the current chart and see for yourself how "bullish" it is. The worst thing about this is: it looks totally legit.
Or does it not? Let's just open an x100 long on BitMEX with all of our money. What could potentially go wrong?
This is what happens when you play too much with crypto. Get ready for the journey of your life! /s
Bitcoin is still hovering around the 8.300 USD level. Bull case would be that we retest the 8.100±, not break it and then start cleaning up yesterday's aftermath. Hopium is stronk.
Just to mention it: shitcoins got rekt beyond imagination. What I find disturbing about the whole mess is that a perfectly valid target (8.000 level) in case Bitcoin breaks / broke down was reached in literally no time. This would have been fine for a third leg down, but as it is now, this looks pretty disturbing. So either we shoot back up soon or we can start writing applications for McDonalds, again.
Quote of the day by @CryptoDonAlt: "The only certainty in this market is that it always behaves in the way that puts altcoin holders in maximum pain."
Aeternity blockchain finally got a use case: it will be used to track (legal) Cannabis products in Uruguay. So, if you tout "ETH killer" to collect yuuuge money from "investors" and it doesn't work, just move on to drugs. I'm good with that, as long as it moves up and I can dump my miner's baglet.
I noticed I'm posting way too few memes. I'm gonna change that. 🤔
Just in case there's any (former) QORA bagholder: major news is in the making! Stay tuned!
Btw, I'm becoming a pro chartist, now. I just started: Bitcoin is painting an inverse cup & handle pattern. Am I doing this right?
Had a busy day yesterday, so I'll have to late file a few of yesterday's events today.
FairWin: when your favorite ETH ponzi scheme is already dead and left by its creators / exit scammers, but it is still reliable for the lion's share of ETH transaction fees paid, driving up transaction prices for everyone.
Bitcoin is relentlessly testing its support in the 9.500 area, and it even broke through for a moment. Will it hold? I really don't know… it might be a good idea to wait until we get a clean direction, even if it means missing some of the profits. I recommend not to catch the falling knife.
Ok, 9.500 is far gone by now. Bitcoin touched 8.000 (depending on where you look). Brings this tweet back into my mind.
They did it! Bakkt is live! Some people (including me, to be honest) were expecting another delay. Glad to be proven wrong on this.
Current volume is 18 BTC (right after the start), evening volume (20:00 CEST) is 62 BTC. No insane fomo, yet.
Good day for Tezos / XTZ: Binance eventually decided to list it. One of the Tezos guys said they didn't even need to pay a fee, which is a very good thing. I don't like those (mainly ETH shittoken) projects paying insane amounts for listings, which are ultimately paid by their "investors".
Prepare yourself for a great trading opportunity, tomorrow. Here's an interesting chart which more or less sums up what I'm expecting: some retards dumping Bitcoin to shit because they think they have to, whenever some major news broke and after a decent dip, clever buyers take over and add new fuel to the rally. I'm ready! 😎
Another one from the category "annoying crypto girlies". Or, as I prefer, from the category "male, old, fat basement dwellers trying out female avatars to gain more followers on Twitter".
US is planning to inject another 75 billion USD into the financial markets. And they say crypto is printing money out of thin air. Makes sense. Not.
Bitcoin hashrate continues to increase. What I find interesting is that, contrary to previous popular belief, hashrate is by no means a good indicator for the price. If it was, we'd be at some 30.000 USD per Bitcoin, right now. See the overall Bitcoin hashrate development here.
Would be interesting to use the hashrate development as some kind of fundamental analysis factor, and see if it correlates with other "fundamental" factors, such as searches for "Bitcoin", and compare it with other cryptocurrencies.
Are our private keys safe? Google claims to have reached quantum supremacy.
Today is a good day. To pimp the site a bit (and, to be honest, to satisfy my need to use emojis while typing), I added the emoji plugin to the TYPO3 extension ckeditor. Worked like a charm, until I tried actually using it. Whenever I wrote data to the MySQL database, it threw an error 🤦♂️, hinting me toward a charset error. So I checked all db settings, the tables themselves and finally managed to get it to work. Yay! 💪
Steven Nerayoff, early Ethhead, got charged with extortion. This is pretty fucked up and I hope he rots in jail. 20 years sounds fair to me.
I didn't even know that Poloniex regularly donates to @grinMW's open source development. Think of Poloniex what you want, and no question did they fuck up certain things, but giving back to the projects which allow them to make money in the first place is a good thing.
When crypto influencers don't know what to write about, anymore, they just recycle their old tweets, hoping nobody notices. 😁
Non crypto related: cop places drugs in innocent peoples' cars, which in at least one case lead to a father being separated from his children due to "possession" of methamphetamine. Wouldn't this be a great use of the death penalty?
It seems people (as well as contributors to the ecosystem) finally start realizing that a centralized blockchain with little to show but a stupidly huge ICO of 4.1 billion USD (yes, you read that right) is nothing but a failure.
What a great day. Shitcoins go straight through the roof and then, Electronic Arts pops in, telling people to "invest in Crypto". Awesome! 🚀🚀🚀
Bitwise talking about market efficiency, institutional level crypto custody and some more babble to shill their ETF to the SEC. Yo dude, markets have changed!!1
German Government takes action to block "parallel currencies", such as (and probably most importantly) Facebook's Libra. So, this is not an approach against blockchain / cryptocurrencies as a whole, but instead against private companies issuing their own currency.
Bitcoin's price volatility hits 5 month low. Since the move to 14.000 USD, we've been building a giant triangle which is about to resolve anytime soon. Consider it esotheric, but historically, triangles were what worked best to determine when Bitcoin was set for a big move (in whatever direction).
Binance makes its first investment in China in crypto media startup Mars Finance. Mars Finance is a Chinese direct competitor to CoinDesk, which isn't a CoinDesk competitor at all because Chinese and other markets are segregated.
OKex Korea delisting all its privacy coins, including Dash, Monero and Zcash. Reasoning: they violate the FATF's travel rule.
The Binance <> BitMEX fight over who created / invented / stole / whatevered whatever feature is being taken to the next level.
Meet CoinMarketCrap, a CoinMarketCap parody site which removes all the noise you get to find when visiting the original.
Nothing to see, here.
Hyperbitcoinized humanity colonizing space: a speculative series. Think about it what you want.
One of the best dick moves I've seen so far: organizer of Philadelphia's biggest blockchain conference is using a city billboard in one of the most highly-trafficked areas to... drums please: to call out Craig Wright!
#EOSPlay under attack: an attacker is congesting the network to gain advantage over others to manipulate the game.
Bitcoin could face a ban if its total value exceeds 100.000 USD, a "well known industry commentator" has warned. Let's face it: Bitcoin won't move to 100k in the blink of an eye, and I genuinely hope that this fool will be gone once we reach 100k.
For anyone interested in the Tezos Fork "Dune Network": there is a Telegram channel where you can now trade your DUN coins OTC. As always: be careful and expect scammers to pretend to be escrow, once you've posted an order.
DUN web wallet for use with Ledger. Unverified, use with caution, as always.
Russian law firm ZP Legal claims to be able to recover 2 Billion of the hacked funds of Mt.Gox. Reason (more or less): if you go to ZP Legal and file a claim, those who benefitted from the Gox hack might crap their pants and offer you compensation because they fear legal trouble. Sounds logic? Neither to me.
This video explains perfectly well how buying altcoins feels this day. Whenever you see signs of life and buy (I stopped falling for that a while ago), you get... well, see for yourself.
Many annoyed Binance users have been waiting for this to happen: Binance US is planning to go live next week™. Initially, six coins will be available for deposits: Bitcoin, Tether, Ether, Litecoin, Bcash and XRP.
Would be very interesting to track the volume of Binance US and put it into relation with their unique daily visitors, and then compare it to regular Binance. As you can imagine, Binance US will be monitored closely by authorities, so it's pretty safe to assume that there will be little Pump and Dump, compared to binance.com.
Today I learned (a bit late for an avowing Tezhead tbh) that there's an XTZ clone called "Dune Network". See their Medium pages here.
Boeing becoming part of the Hedera Hashgraph Council. Let's hope they never, ever, ever get the idea of blockchainizing their planes, because holy shit, imagine you're on a flight and all of a sudden, the plane stops working because 3 people decided to make a transaction at the same time and the network clogs.
Why we do not trust banks. Thanks @bradmillscan for sharing this interesting story. Confirmes once again how fucked up they are, and that they do not even hesitate to rip off old people who are customers for decades. Fucking pricks.
Today's most retarded question: was Jeffrey Epstein a BTC maximalist? Amazing what crypto magazines do for clicks. But the good thing is, only very few of them had anything even close to a reputation anyway, so it doesn't really matter.
…and today's best meme collection: @notsofast asking everybody to meme hard on that @zooko photo and when you think you've seen the best meme which cannot be surpassed anymore, someone posts this. :D
More ZCash jokes: "The use case is great. Providing groceries to @zooko!"
Bots becoming increasingly annoying: Twitter bots pushing / discrediting certain opinions. Would be fun to automatically analyze those bots to see where else they post and maybe find out who they belong to. Reminds me a bit on the ridiculous OKCoin localized Telegram chatrooms where bots do 24/7 bogus conversations to make those rooms appear frequented.
Proof that hashrate does not dictate price. It might correlate in some cases, and it might even be an important factor. But it's not the factor to define price. Nevertheless, we've got a new hashrate ATH on Bitcoin. I'm just not sure if I should congratulate.
Tether taking Ethereum stress testing to the next level: Yuan-pegged stablecoin on the Ether chain coming!
Prices are shitty: check. Slowed down selloffs: check. Disbelief wherever you look: check. So, either, altcoin season finally comes or we can leave them die in dignity. If there is any left.
TheBlock in trouble because of a lack of security: hobby researcher has found their Jenkins installation, claiming to have seen sensitive information, such as API keys, as well as them pulling sensitive information from GitHub repositories. While the former is a bad thing which should not happen at all (a simple iptables rule to only give the webserver access to Jenkins, plus Basic Auth for additional security would have solved this pretty well), I could not find any proof for the latter.
Udi on Libra: "If you honestly believe FB chose its own currency over BTC because of scaling issues, you are, for a lack of a better word, an idiot". He's right. Companies "doing blockchain" rarely use good, established chains to back their venture because it gives them less control and less chances for profit.
Bitcoin: the result of 40 years of research, development and demand.
Amaury threatening to stop developing if they raise the Bcash block size limit to 32mb
Here's his response. While he went into great efforts to trash talk a project which clearly deserves getting trash talked, he backpedaled, saying that he didn't mock Zombie Coin, but the SEC, instead.
Speaking of backpedaling: Adam Back's (@adam3us) opinion why the market cap matters… and why it doesn't.
Faces of rekt, or: why you should always conduct your own research and not listen to clowns on Twitter when it comes to what shitcoins you should buy. Most have a what I call "bag bias", meaning as soon as they own a disproportionally large bag of <insert random shitcoin>, they lose their objectivity and become unable to accept facts. This leads them to shill you their bags even when it's totally inappropriate to do so because you should have long sodl. So, to protect yourself, it's always best to just assume that anybody publically shilling you shitcoins has a bag bias. Just ignore it.
And from that very thread: some clown thinking the Buffet lunch with TRON's Justin Sun will result in a TRON ETF. Are people really that retarded? Please don't answer, I don't wanna hear it.
Calvin Ayre still not giving up. He finds it "moronic for Craig trolls to be happy for him to lose Kleiman case as this is bad for BTC and would prove #CraigIsSatoshi". Calvin, Bitcoin is already way beyond that. It's not 2012, anymore.
Here's the article Calvin linked in his tweet. Prepare for more denial, and a ridiculous attempt to put the Kleiman case into a totally wrong light. What a waste of database space. Don't read it.
This is what happens when you just hodl on to your fiat bags and hedge in no way: you will lose all your money. Comparison: this is what happens when you buy Bitcoin. In a fraction of that time.
The DOGE chart looks fantastic. Many altcoin charts look like this. And if you're annoyed by how bad your shitcoin bags perform, you might wanna check the charts and zoom out a bit. Don't sell your bags now.
Changpeng Zhao "spot on", again. Yes, for sure that guy is only trashtalking this new shitcoin IEO because he doesn't want others to lower his winning ratio. <surething.gif>
Today, a 94.500 BTC transaction (~1.000.000.000 USD) occurred on the Bitcoin blockchain. Nick Szabo on transaction reversing, network security and how the security here depends more on trust than the protocol itself.
After the BitMEX / Binance copying issue, I've had an interesting conversation about how BitMEX evolved, how they took one u turn after another, just to prevent bankruptcy. Thanks @BTCVIX for the link to his article on that!
Why increasing the gas limit on Ethereum is not that good of an idea.
Since half a year now, Bitcoin's dominance in the whole crypto market cap is rising and rising, which makes trading altcoins an absolut pain in the ass. At some point, only the testiest masochists will remain, until they get washed out, too. I'm starting to develop doubts on whether we will ever see a proper altcoin season, again. I'm still not completely ruling out the possibility that it might be a good idea to counter trade myself on that.
ZEC – glad I never touched that piece of shit coin. The only time it was interesting to trade was at the very, very beginning, when Polo listed it and it had no supply whatsoever. They paid like 4 figures for one whole ZEC, and after that, it dumped ever since.
Friendly reminder to not give sensitive information like your real phone number (which can be used for SIM port attacks) to Facebook. Or even better: don't use Facebook at all.
Delusion is not a virtue: some clown claiming that Bitcoin would now be at 30% of its current price if the ICO craze of 2017, mostly happening on the Ethereum platform, drew all the attention to crypto, which in turn also gave Bitcoin a small piece of the cake.
Should anyone EVER come up with the lie that Chinese recklessly copy stuff from others, I'll... what did you say? Binance copied the futures markets docs from BitMEX? CZ says, though, that this is still a leftover from when they acquired the exchange. True or not, I laughed.
Not really crypto related, but: if you think you salary is good, have a look what NYC mayor Bill De Blasio makes. 3.028 USD per month. Oh, wait, they get paid weekly in the US, right? Wait, it's not his weekly salary? He makes that much in a day? Not per day, PER HOUR?? Ok, I'm quitting my job, now.
I'm still kinda uncertain if all this "McAfee receiving x million for stupid task y" stuff is just marketing or if that guy really receives 4.5 million USD for writing a shitcoin whitepaper. Guess for what: a project which claims to "investigate zombies". Yes, you heard that right. Remember that one ICO where they used the picture of a convicted rapist as a "team member"? This is how scammers make fun of their victims. They mock them by implying they're so stupid, they won't even notice that one of the fake team members has an avatar of a convicted criminal. Because they don't check, they're driven by their own greed. While this is absolutely true, this is what this whole zombie coin thing reminds me of.
"Apparently, the South China Zombie Research Center is developing a token that will be accepted by humans and zombies. In case of an attack, a person could give a zombie tokens to save their life." – this shit can't be serious. I'm dead (as zombie) sure that this is a joke. Nobody can be that retarded.
Note: if McAfee wasn't involved in this, this sounds stupid enough to actually pump. But he owns – allegedly – 20% of the supply. And McAfee is bad kharma for shitcoins, so I can only advice to stay away.
CME group is sharing details on Bitcoin options that could signal an 'imminent' product launch. I'm not really a big fan of options trading, but whatever is good for Bitcoin…
German markets and capitalism focused party FDP goes shitcoin: cryptocurrency "Arbil" should reward those who save CO2 by putting it in a digital, tokenized cycle.
Electric Coin Company decided to not hand the ZCash trademark over to the ZCash foundation, allowing them to fork the chain and preserve the ZCash name in case they are not given the new founders' rewards.
Calvin Ayre: Kleiman case "can not do anything but educate on why #BSV is #Bitcoin". Guess you can sugarcoat anything if you try hard enough.
Another trading bedrock has gone full Bitcoin maximalism. This is a good example on how group dynamics work. Those people were often already pretty Bitcoin-vocal in the past, but recent events seem to have converted them into annoying spammers. #stackingsats
Finex derivatives exchange trying to gain trust by its users by doing casual 13% dumps for no reason. Did this really happen or is this an error in the chart? This thing prevails even after a Ctrl+F5, so I assume it's legit.
WoW video game designer Mark Kern on how he was told why WoW would fail against Everquest, like Facebook, Amazon and… Bitcoin would fail.
Oh, I totally forgot to link this yesterday: Binance acquires crypto derivatives exchange to offer options, futures and perpetual contracts. Definitely worth a mention, though I still prefer trading derivatives on BitFinex.
Good post on how the altcoin markets have changed in the past years, what causes them to dump and how they could gain more or at least retain their value: The Economics of An Altcoin.
Guys, this is awesome: 68 fucking million USD of Bitcoin shorts got rekt on BitMEX, today! Good job!
And now something supid. Pardon, beyond stupid: Human-Trafficking Expert Urges US Congress to Regulate Crypto Miners. Now guess why: to prevent human trafficking. Yes, you read that right. Bitcoin, the root of all that's evil, is the epicenter of human trafficking. It's also the cause of the hole in the ozone layer, the cause of Backstreet Boys and the cause of 'moar babies are dying!!1'. And whatever comes to your mind.
PlanB and some thoughts about the Stock-to-Flow model. In my opinion, this guy is definitely worth a follow (alongside with guys like Willy Woo). He's mainly posting about Stock-to-Flow, no troll chart bullshit, just observations which are – so far – pretty much spot on.
Short question: does anybody still give a shit about pop stars, actors and boxing champions releasing their own shitcoins? Wasn't that fancy years ago?
Weather going mad? No problem, let's just go to another planet, get fucktons of ice and dump it into the oceans. Problem solved.
Another day, another AMA by... guess who: Binance. Sometimes when people hold a talk, they close it with an AMA. Wouldn't it be funny if Binance finished its AMA with an AMA? This way, they could do even moar AMAs!!1
Another gem: HODLing is crap, (only) utility creates value. So, 10 years of blockchain experience just wiped away in a tweet. It's all wrong, utility is the only thing responsible for price increase but the markets don't know that, yet. Ok. His rant goes against this article, btw.
How could I miss that? Thanks, Emin, for bringing that up again, today. This is hilarious!
More degeneracy for BitFinex traders: BitFinex has launched its derivative platform! Meaning there's no need to throw your money at Arthur, anymore, because now, you can also gamble at 100x leverage on BitFinex. Isn't that cool?
Vitalik Buterin proposes to increase the gas limit to (partly) solve the problem with the Ethereum chain being close to full.
Someone went absolutely batshit fucking crazy on the BitMEX ETHUSD contracts. 3.250.374 contracts filled at 1.2 slippage, ~570 BTC. Only in crypto. Makes me wonder, again: where are the bears? Where's the break down to 8.000?
First deepfake scam (I've heard of): Fraudsters deepfake the voice of CEO to trick manager into transferring 243.000 USD. Fascinating world we live in. And frightening at the same time.
Ripple still has no plans on stopping to ever dump the XRP market – though it intends to slow down a bit.