Page 326 of 327 FirstFirst ... 226276316322323324325326327 LastLast
Results 6,501 to 6,520 of 6539

Thread: Bitcoins are officially donkdown

  1. #6501
    Quote Originally Posted by Dan Druff View Post
    Quote Originally Posted by Daly View Post
    Anybody have any thoughts or comments specifically to XRP/Ripple?
    2017 called. It wants its fad cryptocurrency back.

    No, but seriously, I think XRP's time has passed. I realize that it inexplicably has popped up about 10% after the all-crypto crash of late September, but I don't see much of a future in it.

    XRP shot to mainstream popularity in 2017, mostly pushed by people who felt it was the next bitcoin, and they were getting on the ground floor of something huge.

    Even Micon complained how crypto noobs were asking him about Ripple, which made him feel that "the public gonna get rekt in 2018". He was actually right -- there was a massive crypto crash in January 2018, just weeks after he tweeted that. But I doubt that Micon (who had moved most of his crypto worth to bitcoin cash) had converted it to fiat prior to that.

    If I recall, I think this is the crypto shitcoin with the ridiculously high market cap?

    I remember back in the "crypto peak" all of these dumb fuckers on another forum I was on were ranting on how Ripple is going to blow up HUGE. It going to be 40.. 50...60 per coin in a year or two. This is when it was +/- $2.50 per coin. I shit you not, a few of these guys were giving advice such as maxing out your credit as much as possible so you can get acquire all of the shares you can muster. A couple of dudes even mortgaged the family home.

    I told them they were monumentally stupid for even suggesting this. Everything else aside, I even attempted
    to explain how ridiculously high the market cap already was and how Ripple would have to suddenly become one of the largest companies ever created on earth for these speculators to come close to meeting their cocaine induced dreams.

    Well, right now the coin is trading at approximately $.296....and the market cap is nearly $13,000,000,000 at this point. Yes, thats 13 BILLION!

    It doesn't take a math whiz to figure out how many hundreds of billions or trillions the coin would have to be at for those "investors" to even come close to reaching their goals.

     
    Comments
      
      Sanlmar:

  2. #6502
    Platinum Krypt's Avatar
    Reputation
    378
    Join Date
    Mar 2012
    Location
    Washington DC
    Posts
    3,011
    ripple/XRP is basically a scam

  3. #6503
    Nova Scotia's REAL #1 Webcam DJ sonatine's Avatar
    Reputation
    5404
    Join Date
    Mar 2012
    Posts
    23,680
    https://gizmodo.com/huge-child-porn-...ity-1839098730

    feds just basically admitted that btc is 100% de-anonymized as far as their investigative capacities are concerned.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  4. #6504
    Quote Originally Posted by sonatine View Post
    https://gizmodo.com/huge-child-porn-...ity-1839098730

    feds just basically admitted that btc is 100% de-anonymized as far as their investigative capacities are concerned.
    4Dragons is this true???

    I'm not an expert, but my guess is they were able to unmask perps by creating a tor honeypot to get IP addresses and then subpoena vs backtracing bitcoin addresses
    Hi Lew!!!

  5. #6505
    Owner Dan Druff's Avatar
    Reputation
    4649
    Join Date
    Mar 2012
    Posts
    32,544
    Blog Entries
    2
    Because all bitcoin transactions are written to the blockchain, law enforcement can trace subsequent and prior transactions in an effort to unmask the suspect.

    Examples:

    John Pervo spends $50 in bitcoin on child porn, then also cashes out $1000 of bitcoin through Coinbase. They identify him through Coinbase.

    John Pervo spends $50 in bitcoin on child porn, then purchases an item through an online merchant which accepts bitcoin. They identify him through the merchant.

    John Pervo spends $50 in bitcoin through blockchain.info. Law enforcement gets blockchain.info to give up their IP address, which is then traced to John.

    You get my point.

    The only way to truly be anonymous with bitcoin is to use an untraceable IP, buy the bitcoin from someone who doesn't know who you are (such as through the localbitcoins site), pay them in cash, and then never use that wallet in any way which can be tied to you.

    Or, to put it simply, they backtraced it.


  6. #6506

  7. #6507
    Gold Salty_Aus's Avatar
    Reputation
    184
    Join Date
    Mar 2012
    Location
    Gold Coast, QLD, Australia
    Posts
    1,161
    Quote Originally Posted by Dan Druff View Post
    Because all bitcoin transactions are written to the blockchain, law enforcement can trace subsequent and prior transactions in an effort to unmask the suspect.

    Examples:

    John Pervo spends $50 in bitcoin on child porn, then also cashes out $1000 of bitcoin through Coinbase. They identify him through Coinbase.

    John Pervo spends $50 in bitcoin on child porn, then purchases an item through an online merchant which accepts bitcoin. They identify him through the merchant.

    John Pervo spends $50 in bitcoin through blockchain.info. Law enforcement gets blockchain.info to give up their IP address, which is then traced to John.

    You get my point.

    The only way to truly be anonymous with bitcoin is to use an untraceable IP, buy the bitcoin from someone who doesn't know who you are (such as through the localbitcoins site), pay them in cash, and then never use that wallet in any way which can be tied to you.

    Or, to put it simply, they backtraced it.

    The average pedo who buys BTC to access a kiddie porn site wouldn't be hard to trace.

    But if you're a sophisticated crook it's not that hard to hide/obfuscate BTC transactions.

    Dark Web wallets.
    Tumbling services like Helix.
    Unregulated exchanges.
    Anonymous gambling sites.
    Dark Web market transactions.
    And of course localbitcoins like Druff said.

    Don't simply rely on one approach, layer the transactions multiple times.

    Logless VPN accessed via Tor on public wifi like at my local Mcdonalds would be impossible to trace IP.

    At the end of the day though, it does open you up to being robbed in the process. Gambling site might rob you, unregulated exchange might rob you, dark web markets have a habit of just disappearing too. Helix might rob you. Localbitcoins is not safe either.

  8. #6508
    Nova Scotia's REAL #1 Webcam DJ sonatine's Avatar
    Reputation
    5404
    Join Date
    Mar 2012
    Posts
    23,680
    if you want to know how to do anonymous btc transactions, there is no need to look further than what russian carders have been doing for decades;

    hire mules to convert cash to bitcoins via kiosks or face to face transactions.

    then buy a burner phone, stick a wallet on it, xfer btc, and bobs your uncle.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  9. #6509
    Owner Dan Druff's Avatar
    Reputation
    4649
    Join Date
    Mar 2012
    Posts
    32,544
    Blog Entries
    2
    You missed your cue, sonatine.

    Bitcoin lost another 10% yesterday, and sits at $7400 or so.


  10. #6510
    Nova Scotia's REAL #1 Webcam DJ sonatine's Avatar
    Reputation
    5404
    Join Date
    Mar 2012
    Posts
    23,680
    Quote Originally Posted by Dan Druff View Post
    You missed your cue, sonatine.

    Bitcoin lost another 10% yesterday, and sits at $7400 or so.


    Yeah I just re-upped because 99 times out of a 100 we are back to 8350 by Monday, but that said I just re-upped so gg nosedive to 6200.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  11. #6511
    Nova Scotia's REAL #1 Webcam DJ sonatine's Avatar
    Reputation
    5404
    Join Date
    Mar 2012
    Posts
    23,680
    Quote Originally Posted by sonatine View Post
    Quote Originally Posted by Dan Druff View Post
    You missed your cue, sonatine.

    Bitcoin lost another 10% yesterday, and sits at $7400 or so.


    Yeah I just re-upped because 99 times out of a 100 we are back to 8350 by Monday, but that said I just re-upped so gg nosedive to 6200.

    Name:  Screen Shot 2019-10-25 at 1.23.46 PM.png
Views: 243
Size:  31.0 KB
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  12. #6512
    Owner Dan Druff's Avatar
    Reputation
    4649
    Join Date
    Mar 2012
    Posts
    32,544
    Blog Entries
    2
    Well, that is... fortunate.

    Good call on the re-upping. Easy $.

    I'm also happy I didn't just load BTC onto a sportsbetting site last night which I was very close to doing, because I was thinking it might pop back to 8xxx and didn't want to be annoyed that I was "down" before placing a single bet with the money.

  13. #6513
    Nova Scotia's REAL #1 Webcam DJ sonatine's Avatar
    Reputation
    5404
    Join Date
    Mar 2012
    Posts
    23,680
    i mean sooner or later im going to get stung but these massive drops _always_ bounce back to 8300+.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  14. #6514
    Gold ftpjesus's Avatar
    Reputation
    314
    Join Date
    Mar 2012
    Location
    Mesa AZ
    Posts
    2,415
    Quote Originally Posted by sonatine View Post
    i mean sooner or later im going to get stung but these massive drops _always_ bounce back to 8300+.
    over 9500 now. Could be related to news BTC hit 18M mined which when it hit 17M caused a massive price run up..
    <This Ad Space for Rent or Sale>

  15. #6515
    Owner Dan Druff's Avatar
    Reputation
    4649
    Join Date
    Mar 2012
    Posts
    32,544
    Blog Entries
    2
    9200 right now as I type this. Tempted to unload some of my 2.5 BTC but I might wait a bit longer. Pretty sure it won't stay over 10k if it manages to breach that point.

  16. #6516
    Nova Scotia's REAL #1 Webcam DJ sonatine's Avatar
    Reputation
    5404
    Join Date
    Mar 2012
    Posts
    23,680
    i dont think it will ever reach 10k, for every person holding for a 10k sale there are a hundred ready to jump ship at 9900 so they dont get shut out and for every one of them there are a thousand looking to beat them to the punch at 9800, etc etc.

    plus what with bitcoins being donkdown its even less likely.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  17. #6517
    Owner Dan Druff's Avatar
    Reputation
    4649
    Join Date
    Mar 2012
    Posts
    32,544
    Blog Entries
    2
    Jumped to over 9700 twice today. Sits in the high 9500s right now.

    Decided to withdraw most of my remaining 2.38 BTC, but Gemini is faggot and the fees are bruuuuuuutal now (2%).

    Fuck them. Signing up for a different service.

    The Winklevoss twins can suck a big black penis.

  18. #6518
    Owner Dan Druff's Avatar
    Reputation
    4649
    Join Date
    Mar 2012
    Posts
    32,544
    Blog Entries
    2
    Well, Binance has gotten stuck verifying me, and their "5 minute" process has taken 3 hours and counting, presumably not going to be handled til tomorrow.

    Lord help me with BTC in the 9800 range.

  19. #6519
    Owner Dan Druff's Avatar
    Reputation
    4649
    Join Date
    Mar 2012
    Posts
    32,544
    Blog Entries
    2
    Okay, so Binance finally approved me. Their "5 minutes" ended up being 6 hours, and BTC fell 4% and is still dropping (currently like 9520), but whatever.

    Coinbase and Gemini are totally faggot now with their 2% fees. Binance blows them away.

    Might as well make us both some Jew $ too.

    https://www.binance.us/?ref=35029165

    Use that link to sign up and we both get $15.

    Just don't let the mods of this site find out I'm spamming referral codes, or I might get banned from here.

  20. #6520
    Owner Dan Druff's Avatar
    Reputation
    4649
    Join Date
    Mar 2012
    Posts
    32,544
    Blog Entries
    2
    In the meantime, BTC is falling as I am waiting for my BTC to get over to Binance.

    Wheeeeeeeeee

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Matt Marafiati has officially challenged SrslySirius to a rap battle
    By NaturalBornHustler in forum Flying Stupidity
    Replies: 42
    Last Post: 03-25-2018, 06:39 PM
  2. DD seemes to be officially DD
    By Hugh Chardon in forum Flying Stupidity
    Replies: 121
    Last Post: 08-13-2014, 03:07 PM
  3. ***My Officially Official Super Bowl Pick***
    By abrown83 in forum Flying Stupidity
    Replies: 4
    Last Post: 02-03-2013, 09:51 PM
  4. IP officially DD
    By Daredevil in forum Flying Stupidity
    Replies: 6
    Last Post: 11-23-2012, 04:24 PM
  5. I officially hate Dana White now
    By shortbuspoker in forum Flying Stupidity
    Replies: 36
    Last Post: 06-05-2012, 05:57 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •