Author Topic: Bitcoins - about to hit $5,000 per coin today! (Read 743866 times)

Coffeed · « **Reply #7525 on:** June 22, 2021, 09:34:55 PM »

Quote from: El Diablo Blanco on June 22, 2021, 08:16:41 PM

If Bitcoin is anonymous. How did the Feds seize the Bitcoin paid to the hackers of the pipeline shutdown?

Sounds like a conspiracy just to hurt crypto that the news just ate up!

Theoak* · « **Reply #7526 on:** June 23, 2021, 06:08:06 AM »

Quote from: El Diablo Blanco on June 22, 2021, 08:16:41 PM

If Bitcoin is anonymous. How did the Feds seize the Bitcoin paid to the hackers of the pipeline shutdown?

Quote from: Theoak* on June 08, 2021, 03:08:34 PM

Btc was not hacked. Ransom hackers used a rented cloud server. FBI got a subpoena and took control of it and recovered coins. That's it.

gib · « **Reply #7527 on:** June 23, 2021, 06:11:22 AM »

Quote from: El Diablo Blanco on June 22, 2021, 08:16:41 PM

If Bitcoin is anonymous. How did the Feds seize the Bitcoin paid to the hackers of the pipeline shutdown?

Gold is anonymous too. And it can be seized.

The bitcoin didn't disappear. Rather it was taken and transferred to the Feds due to the baddies not being secure with the private key. Pretend you took some gold as a ransom and then left the safe where you stored it unlocked. Someone else can then come to the safe and steal the gold. The gold is a perfectly fine and uncorrupted asset. But you fucked up in the way you stored it.

Hope that helps...

Humble Narcissist · « **Reply #7528 on:** June 23, 2021, 07:55:33 AM »

Quote from: El Diablo Blanco on June 22, 2021, 08:16:41 PM

If Bitcoin is anonymous. How did the Feds seize the Bitcoin paid to the hackers of the pipeline shutdown?

I was wondering that myself.

IroNat · « **Reply #7529 on:** June 23, 2021, 08:23:21 AM »

If the Feds want to get you they will.

Flexacon · « **Reply #7530 on:** June 23, 2021, 09:34:47 AM »

Quote from: Flexacon on June 17, 2021, 03:49:08 AM

I'm gonna menstruate. It's quad witching day tomorrow. I'm expecting a 25% BTC dump very soon.

It dropped 28%

I've clearly lost it!

El Diablo Blanco · « **Reply #7531 on:** June 23, 2021, 09:51:36 AM »

Quote from: IroNat on June 23, 2021, 08:23:21 AM

If the Feds want to get you they will.

I don't believe this shit is anonymous. I'm sure the feds figured out a lot about bitcoin and can probably shut it down if they wanted but it's been a huge opp to shutdown a lot of illegal businesses.

polychronopolous · « **Reply #7532 on:** June 23, 2021, 12:00:49 PM »

Chinese Bitcoin Mining Company Delivers First Machines to Kazakhstan

Chinese bitcoin miner BIT Mining delivered its first batch of 320 machines to Kazakhstan after its operations in the Chinese province of Sichuan were suspended.

The publicly traded company (NYSE: BTCM) expects to deliver another 2,600 machines before the start of July, it said in an announcement Monday.

The company's remaining machines will also be shipped overseas.

The mining machines already shipped have a theoretical maximum hash rate capacity of 18.2 PH/s. One PH/s stands for one quadrillion hashes per second, the measure of how many calculations a mining machine can compute.

The move to Kazakhstan came after BIT Mining received notice on Saturday that the power supply for its data center in Sichuan would be suspended by the state energy regulator.

BIT Mining's data centers in Sichuan contributed about 3% of its total revenue in May.

With China's crackdown on the crypto mining industry, companies are looking to migrate elsewhere. Along with Kazakhstan, BIT Mining has also invested $25 million in a new mining center in Texas.

https://www.coindesk.com/chinese-bitcoin-mining-company-delivers-first-machines-to-kazakhstan

Griffith · « **Reply #7533 on:** June 23, 2021, 12:30:29 PM »

Israel will be trialing a central bank digital currency of the Shekel using Ethereum.

SOMEPARTS · « **Reply #7534 on:** June 23, 2021, 01:03:12 PM »

Quote from: IroNat on June 23, 2021, 08:23:21 AM

If the Feds want to get you they will.

Flexacon · « **Reply #7535 on:** June 23, 2021, 01:09:35 PM »

Quote from: Griffith on June 23, 2021, 12:30:29 PM

Israel will be trialing a central bank digital currency of the Shekel using Ethereum.

What does one of the most technologically advanced country in the world know? They should be following the Nigerian Bitcoin model.

IroNat · « **Reply #7536 on:** June 23, 2021, 01:12:21 PM »

My ancestors were coal miners.

Does those genetics transfer to bitcoin mining?

Flexacon · « **Reply #7537 on:** June 23, 2021, 06:41:12 PM »

Quote from: polychronopolous on June 23, 2021, 12:00:49 PM

Chinese Bitcoin Mining Company Delivers First Machines to Kazakhstan

27K BTC incoming

polychronopolous · « **Reply #7538 on:** June 23, 2021, 07:21:48 PM »

El Salvador President: This is a Bitcoin Law and No Altcoin Will be Made Legal Tender

With the news of El Salvador’s bitcoin adoption as legal tender still trending, the country’s president, Nayib Bukele has made it clear that no altcoin will be made legal tender in El Salvador.

In a recent interview, President Bukele noted that his administration will be focusing on creating the necessary infrastructure required to make bitcoin fully operational as legal tender in the country.

He pointed out that residents can trade any altcoins of their choice but none of these altcoins will be made a legal tender.

He said,

“We are not gonna ban any other cryptocurrency but this is a Bitcoin Law, it’s just for bitcoin, for several reasons. It will be impossible to have ten legal tenders, having two legal tenders is quite a challenge enough. So, for legal tender, it’s only gonna be bitcoin and the USD.

El Salvador’s Bitcoin Adoption is a ” No-Brainer”
When the news of El Salvador adopting bitcoin as legal tender broke, it was met with mixed reactions. While several members of the crypto community expressed their joy, some critics slammed the El Salvadoran government.

In one instance, Steve Hanke, a top professor of Applied Economics at the John Hopkins University, criticized the decision and said that it was “very stupid.”

In his interview, though, President Nayib pointed out that the decision to adopt bitcoin as legal tender was because of “forward-thinking.”

According to him, bitcoin’s historical trend is a clear indication that it is going to be a lot bigger than it is currently and that is why so many people are switching to it.

President Bukele revealed that adopting bitcoin has made El Salvador a little less dependent on the US dollar and its inflation, considering that it is one of the three officially dollarized American countries.

He said,

“Not becoming independent because we are not but at least becoming a little less dependent on the output of new dollars and the new inflation that is coming with those new dollars.”

He continued,

“Having bitcoin as a legal tender, even though nobody has done it before, was a no-brainer.”

https://coinfomania.com/el-salvador-no-altcoin-will-be-made-legal-tender/

LurkerNoMore · « **Reply #7539 on:** June 23, 2021, 07:57:48 PM »

S Africa BTC exchange owner disappears about a 3.2B "hack".

https://www.yahoo.com/finance/news/africrypt-bitcoin-disappearance-174636634.html

gib · « **Reply #7540 on:** June 23, 2021, 08:02:50 PM »

Quote from: IroNat on June 23, 2021, 08:23:21 AM

If the Feds want to get you they will.

Well in the USA at least. (Which by the way is only a small part of the rest of whole world...)

gib · « **Reply #7541 on:** June 23, 2021, 08:06:54 PM »

Quote from: polychronopolous on June 23, 2021, 07:21:48 PM

El Salvador President: This is a Bitcoin Law and No Altcoin Will be Made Legal Tender

With the news of El Salvador’s bitcoin adoption as legal tender still trending, the country’s president, Nayib Bukele has made it clear that no altcoin will be made legal tender in El Salvador.

In a recent interview, President Bukele noted that his administration will be focusing on creating the necessary infrastructure required to make bitcoin fully operational as legal tender in the country.

He pointed out that residents can trade any altcoins of their choice but none of these altcoins will be made a legal tender.

He said,

“We are not gonna ban any other cryptocurrency but this is a Bitcoin Law, it’s just for bitcoin, for several reasons. It will be impossible to have ten legal tenders, having two legal tenders is quite a challenge enough. So, for legal tender, it’s only gonna be bitcoin and the USD.

El Salvador’s Bitcoin Adoption is a ” No-Brainer”
When the news of El Salvador adopting bitcoin as legal tender broke, it was met with mixed reactions. While several members of the crypto community expressed their joy, some critics slammed the El Salvadoran government.

In one instance, Steve Hanke, a top professor of Applied Economics at the John Hopkins University, criticized the decision and said that it was “very stupid.”

In his interview, though, President Nayib pointed out that the decision to adopt bitcoin as legal tender was because of “forward-thinking.”

According to him, bitcoin’s historical trend is a clear indication that it is going to be a lot bigger than it is currently and that is why so many people are switching to it.

President Bukele revealed that adopting bitcoin has made El Salvador a little less dependent on the US dollar and its inflation, considering that it is one of the three officially dollarized American countries.

He said,

“Not becoming independent because we are not but at least becoming a little less dependent on the output of new dollars and the new inflation that is coming with those new dollars.”

He continued,

“Having bitcoin as a legal tender, even though nobody has done it before, was a no-brainer.”

https://coinfomania.com/el-salvador-no-altcoin-will-be-made-legal-tender/

Truly revolutionary. Will be fascinating how this develops. Other central american countries will follow I suspect.

Theoak* · « **Reply #7542 on:** June 23, 2021, 11:26:17 PM »

Quote from: gib on June 23, 2021, 08:06:54 PM

Truly revolutionary. Will be fascinating how this develops. Other central american countries will follow I suspect.

Humble Narcissist · « **Reply #7543 on:** June 24, 2021, 04:08:54 AM »

Quote from: IroNat on June 23, 2021, 01:12:21 PM

My ancestors were coal miners.

Does those genetics transfer to bitcoin mining?

Only if your ancestors were stupid as well.

polychronopolous · « **Reply #7544 on:** June 24, 2021, 08:33:51 AM »

NYC Mayoral Candidate Eric Adams Plans to Make NYC Center of Bitcoin and Promote Crypto Trade

Democratic Mayoral contender Eric Adams has expressed his intention to ensure New York transition into a center of Bitcoin trade if he is elected as a mayor in upcoming elections.

The NYC Mayoral candidate Eric Adams declared his intention to make the city thrive in terms of Bitcoin (BTC) trading and transform New York as a center of Science and Cybersecurity.

Eric Adams is the new mayoral nominee who has openly endorsed cryptocurrency as one of the most influential trading mediums and has promised the residents of NYC to modify the city’s existing financial Infrastructure into a compatible platform that promotes crypto trade.

Adams who has been an active proponent of boosting the crop currency trading in the region has also made promises to stabilize the city’s crime rates and promote the economic structure of the city by employing crypto resources.

Eric Adams Promises to Make NYC a Hub for Bitcoin Mining and Trade
In an interview held on Tuesday, Democratic Mayoral contender Eric Adams has expressed his intention to ensure New York transition into a center of Bitcoin trade if he is elected as a mayor in upcoming elections. Later on, he added how he plans to revise the existing policies related to science and technology and make New York City prosper in terms of technological advancements such as self-driving cars, drones, and BTC trading.

Adams had successfully secured the votes of black and Latino communities and had managed to garner their support which has proven extremely beneficial for his mayoral race.

https://www.coinspeaker.com/nyc-eric-adams-bitcoin-crypto-trade/amp/

sync pulse · « **Reply #7545 on:** June 24, 2021, 09:28:29 AM »

Quote from: IroNat on June 23, 2021, 01:12:21 PM

My ancestors were coal miners.

Does those genetics transfer to bitcoin mining?

Bitcoin mining is the "bookkeeping" that all this is based on...the computer data gets bigger and bigger, repeating over and over.
I don't know what would happen if everyone stopped mining.

gib · « **Reply #7546 on:** June 24, 2021, 08:10:44 PM »

BTC, USA!

China becomes more inward looking and closed off.

USA becomes more outward looking and open.

https://www.theblockcrypto.com/linked/109475/new-york-city-center-of-bitcoins-eric-adams-mayoral-lead

Eric Adams said:

"I'm going to promise you in one year … you're going to see a different city,"

"We're going to bring businesses. We're going to become the center of life science, the center of cybersecurity, the center of self-driving cars, drones, the center of bitcoins."

Adams aims to turn New York City into a technology center if he wins the mayoral race, which he is currently leading with nearly 32% votes, according to data from the New York Times. The final results are likely to be announced during the week of July 12.

New York will be competing against Miami, which is becoming a crypto center, thanks to his bitcoin-friendly Mayor Francis Suarez and low taxes. "Miami, you had your run. We're bringing our businesses back," said Adams.

SOMEPARTS · « **Reply #7547 on:** June 24, 2021, 09:41:06 PM »

Quote from: gib on June 24, 2021, 08:10:44 PM

BTC, USA!

China becomes more inward looking and closed off.

USA becomes more outward looking and open.

https://www.theblockcrypto.com/linked/109475/new-york-city-center-of-bitcoins-eric-adams-mayoral-lead

Eric Adams said:

"I'm going to promise you in one year … you're going to see a different city,"

"We're going to bring businesses. We're going to become the center of life science, the center of cybersecurity, the center of self-driving cars, drones, the center of bitcoins."

Adams aims to turn New York City into a technology center if he wins the mayoral race, which he is currently leading with nearly 32% votes, according to data from the New York Times. The final results are likely to be announced during the week of July 12.

New York will be competing against Miami, which is becoming a crypto center, thanks to his bitcoin-friendly Mayor Francis Suarez and low taxes. "Miami, you had your run. We're bringing our businesses back," said Adams.

Another big city democrat who knows nothing of creating a pro-business atmosphere or crypto....self-driving cars and cybersecurity are buzzwords like "sustainable energy" used only for pandering points. Going to get a lot worse in NYC before it gets better.

gib · « **Reply #7548 on:** June 25, 2021, 03:03:03 AM »

Quote from: SOMEPARTS on June 24, 2021, 09:41:06 PM

Another big city democrat who knows nothing of creating a pro-business atmosphere or crypto....self-driving cars and cybersecurity are buzzwords like "sustainable energy" used only for pandering points. Going to get a lot worse in NYC before it gets better.

Could well be. But either way, any such stance is positive for BTC long term.

FitnessFrenzy · « **Reply #7549 on:** June 25, 2021, 03:04:04 AM »

There are talks that ECB might ban cryptos in Europe. If that happens, compared with the situation in China, then I think cryptos are done.