Sign in to follow this  
No Excuses

CNBC: Ethereum hits another record high, marking a more than 2,800% rally this year

Recommended Posts

42 minutes ago, Dr. Do Itch Big said:

I’m glad I got out. 

 

Same. What I posted in the last page, about Tether and Bitfinex is actually under federal investigation now. Reported a couple days ago, I think just after I posted.

Share this post


Link to post
Share on other sites
18 minutes ago, No Excuses said:

 

Same. What I posted in the last page, about Tether and Bitfinex is actually under federal investigation now. Reported a couple days ago, I think just after I posted.

 

Bitfinex was subpoenaed back in early December (not a few days ago) but they've still been issuing new Tether since then. You'd think if something nefarious was going on, they'd have stopped after the federal subpoena.

Share this post


Link to post
Share on other sites
17 hours ago, No Excuses said:

 

Same. What I posted in the last page, about Tether and Bitfinex is actually under federal investigation now. Reported a couple days ago, I think just after I posted.

I just listened to this morning's senate hearing on crypto. Regulation is coming. They didnt mention it but they are going to smoke tether and bitfinex at some point. Very aggressive attitude toward fraudulent activity. 

 

This is really good for the long term. 

 

I'm buying more when we bottom out. 

Share this post


Link to post
Share on other sites
18 hours ago, ExoDus84 said:

 

Bitfinex was subpoenaed back in early December (not a few days ago) but they've still been issuing new Tether since then. You'd think if something nefarious was going on, they'd have stopped after the federal subpoena.

 

I'm sure the Bulgarian gangsters behind this BS are focusing on getting their houses in order for the feds.

  • Haha 2

Share this post


Link to post
Share on other sites
20 hours ago, ExoDus84 said:

 

Bitfinex was subpoenaed back in early December (not a few days ago) but they've still been issuing new Tether since then. You'd think if something nefarious was going on, they'd have stopped after the federal subpoena.

 

The opening of the investigation in December wasn't reported until a few days ago (read what I wrote).

 

The feds still haven't openly disclosed the investigation as far as I know. 

 

Quote

The U.S. Commodity Futures Trading Commission sent subpoenas on Dec. 6 to virtual-currency venue Bitfinex and Tether, a company that issues a widely traded coin and claims it’s pegged to the dollar, according to a person familiar with the matter, who asked not to be identified discussing private information. The firms share the same chief executive officer.

 

https://www.bloomberg.com/news/articles/2018-01-30/crypto-exchange-bitfinex-tether-said-to-get-subpoenaed-by-cftc

 

Bitfinex would be underwater at the moment if its executives hadn't started scamming the industry by creating Tether. It is really no surprise that they are going to ride this out by continuing to flush the market with what is essentially counterfeit money.

Edited by No Excuses

Share this post


Link to post
Share on other sites
23 minutes ago, No Excuses said:

Bitfinex would be underwater at the moment if its executives hadn't started scamming the industry by creating Tether. It is really no surprise that they are going to ride this out by continuing to flush the market with what is essentially counterfeit money.

 

How do you know Bitfinex would be underwater? Have they released financials? The big exchanges should be swimming in cash, honestly. Some of them charge a noticeably fee for each trade.

Share this post


Link to post
Share on other sites
9 minutes ago, ExoDus84 said:

 

How do you know Bitfinex would be underwater? Have they released financials? The big exchanges should be swimming in cash, honestly. Some of them charge a noticeably fee for each trade.

 

They lost a ton of money when they were hacked in 2016. 

 

They've been trying one fraudulent scheme after another since then.

 

No professional audits like they promised.

 

https://arstechnica.com/tech-policy/2018/02/tether-says-its-cryptocurrency-is-worth-2-billion-but-its-audit-failed/

 

They could be financially solvent. But based on how they have behaved since, and the absolute lack of transparency, there is a 0% chance their operations are legitimate.

Edited by No Excuses

Share this post


Link to post
Share on other sites
42 minutes ago, Cooked Crack said:

 

 

 

Well, that was almost inevitable, given [some] of the people attracted to crypto-currency and [some of] the reasons they are attracted to it.  

Share this post


Link to post
Share on other sites

Props to whoever came up with this title they are my hero

 

https://grist.org/article/bitcoins-energy-use-got-studied-and-you-libertarian-nerds-look-even-worse-than-usual/amp/?__twitter_impression=true

Bitcoin’s energy use got studied, and you libertarian nerds look even worse than usual

By Eric Holthaus on May 17, 2018 4:58 am EDT

 

Bitcoin’s energy footprint has more than doubled since Grist first wrote about it six months ago.

It’s expected to double again by the end of the year, according to a new peer-reviewed study out Wednesday. And if that happens, bitcoin would be gobbling up 0.5 percent of the world’s electricity, about as much as the Netherlands.

That’s a troubling trajectory, especially for a world that should be working overtime to root out energy waste and fight climate change. By late next year, bitcoin could be consuming more electricity than all the world’s solar panels currently produce — about 1.8 percent of global electricity, according to a simple extrapolation of the study’s predictions. That would effectively erase decades of progress on renewable energy.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.