Cryptocurrencies: scams and skullduggery

This is a discussion on Cryptocurrencies: scams and skullduggery within the Cryptocurrencies forums, part of the Markets category; Originally Posted by timsk Hi Quantt, You're doing a great job highlighting the negatives of the crypto space and, without ...

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Old Mar 2, 2018, 10:39pm   #151
 
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Hi Quantt,
You're doing a great job highlighting the negatives of the crypto space and, without doubt, it's riddled with all sorts of issues. That said, even someone as skeptical and as anti-crypto as you must surely see the problem with Mark Carney's comments. To me, his extraordinary attack on crypto can only mean one thing: namely, that he and the establishment that he represents are running scared and really don't know what to do to halt the runaway crypto train. Yes, it's got some major, major teething issues; no doubt about that at all. But, at the end of the day, the genie's out of the bottle. I know it, you know it and, based on today's events, Mark Carney and the BoE know it too. After all, if a dunce like me who knows diddly squat about cryptos can tear his speech apart, then that surely means it's game over!

Tim.
Frankly I don't think there is fear, the fact is the whole crypto market is peanuts for those guys and the major whales holding the majority of bitcoins (over 1000) are just 1600 people in the world...

He is doing his job and this is what everyone will have to do: to regulate this as every other currency, stock, commodity, etc and to protect the ordinary people from all scammers, the front running, the tether printing, etc, etc... I think the governments are late to the party as always, but they will be there and will revert the tokens back to where they belong: on the fringe of the dark web...

The whole notion that by owning tokens you are some sort of a rebel and sticking it to Man is very funny to me and it comes from geeks than never had their teenage rebellion years... For them it will end badly by scammers sticking it to them instead...
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Old Mar 8, 2018, 3:47am   #152
 
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Quantt started this thread The SEC just made it clearer that securities laws apply to most cryptocurrencies and exchanges trading them

https://www.cnbc.com/2018/03/07/the-...urrencies.html
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Old Mar 9, 2018, 12:40pm   #153
 
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Quantt started this thread Bitcoin Is Ridiculous. Blockchain Is Dangerous

https://www.bloomberg.com/news/featu...rous-paul-ford
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Old Mar 12, 2018, 1:10pm   #154
 
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Quantt started this thread Cryptocurrency scammers run off with more than $2 million after ditching their investors

https://www.cnbc.com/2018/03/09/cryp...after-ico.html
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Old Mar 14, 2018, 2:33pm   #155
 
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Quantt started this thread Hedge Funds Draw SEC Scrutiny in Crypto Coin Review

https://www.bloomberg.com/news/artic...down-on-crypto
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Old Mar 14, 2018, 2:38pm   #156
 
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Quantt started this thread Bitcoin falls back below $9,000 after Google says it will ban cryptocurrency ads

https://www.cnbc.com/2018/03/14/bitc...rency-ads.html
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Old Mar 14, 2018, 11:32pm   #157
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Heres a juicy one for ya quantt

Bitcoin Is Worthless, Bubble May Pop Soon, Allianz Global Says

https://www.bloomberg.com/news/artic...nz-global-says
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Old Mar 15, 2018, 12:21pm   #158
 
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Heres a juicy one for ya quantt

Bitcoin Is Worthless, Bubble May Pop Soon, Allianz Global Says

https://www.bloomberg.com/news/artic...nz-global-says
Great stuff! Thanks buddy :-)
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Old Mar 15, 2018, 12:22pm   #159
 
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Quantt started this thread Bitcoin plunges as lawmakers threaten regulations

https://nypost.com/2018/03/14/bitcoi...n-regulations/
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Old Mar 18, 2018, 12:40pm   #160
 
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Quantt started this thread Bitcoin Mining Banned for First Time in Upstate New York Town

https://www.bloomberg.com/news/artic...-new-york-town
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Old Mar 18, 2018, 9:11pm   #161
 
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Quantt started this thread Ether plunges after SEC says “dozens” of ICO investigations underway

https://arstechnica.com/tech-policy/...ions-underway/
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Old Mar 25, 2018, 1:55am   #162
 
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Quantt started this thread Woolf University: college courses literally on the Ethereum blockchain

https://davidgerard.co.uk/blockchain...um-blockchain/
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Old Mar 25, 2018, 8:40am   #163
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Woolf University: college courses literally on the Ethereum blockchain

https://davidgerard.co.uk/blockchain...um-blockchain/
(quote)

How do you get your degree?

University-wide rules delineate the criteria by which University degrees are awarded. These rules are to be embedded in smart contracts and thus execute automatically upon the blockchain when their criteria have been satisfied. Woolf degrees will be indelibly linked to the student’s unique but anonymized record on the blockchain.

This translates: “as-yet-unimplemented robots will do it all, automatically and flawlessly!”


Last edited by Kaeso; Mar 25, 2018 at 4:12pm.
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Old Mar 25, 2018, 4:00pm   #164
 
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How do you get your degree?

University-wide rules delineate the criteria by which University degrees are awarded. These rules are to be embedded in smart contracts and thus execute automatically upon the blockchain when their criteria have been satisfied. Woolf degrees will be indelibly linked to the student’s unique but anonymized record on the blockchain.

This translates: “as-yet-unimplemented robots will do it all, automatically and flawlessly!”

It's amazing isn't it? Also they'll sell only 20% of the tokens and pocket the rest... before I was thinking that scammers like those will make the money, but now more and more I am getting convinced that the lawyers are the once that will make the killing when the whole thing goes down...
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Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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Thanks! The following members like this post: timsk
Old Mar 26, 2018, 10:03am   #165
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We are still in early adoption phase ....so great for criminals and scammers ....but the real returns will come in later businesses
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