(1)Bitmain will want to make their holdings look as impressive as possible, so they will probably try to pump bch (maybe the other alts too) before the IPO. They have been trying (and failing) to corner the market for the last year.
(2a) The added transparency for the IPO has put them in a vulnerable position. They are overexposed to bitcoin cash and now their competitors know. I have theorized in the past that the main reason bch hasn't been 51% attacked yet is due to fear of retaliation from bitmain.
Jul 4, 2018 • 4 tweets • 2 min read
My take re: $SYS pump on Binance
1. Many Binance users were using a 3rd party trading bot w/ API access. 2. Bot was compromised. 3. Malicious actor set high SYS sell orders, then used compromised accounts to pump SYS price into them. 4. Same method used w/ $VIA in March.
So most likely neither binance or $SYS were hacked. It was the 3rd party trading bot, which was either an inside job or was compromised. My guess is inside job.
This is a risk users take when they trust a trading bot & its operator with access to their exchange funds/account.
Jun 16, 2018 • 7 tweets • 3 min read
EOS launch has been a complete joke, not surprised.
Classic Larimer, launch with bugs, shit incentives, and broken security assumptions.
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by @EOSauthority view original on Twitter
Also, if this is true, it is absolutely hilarious. Talk about a stupid design decision.
Not only can you only get EOS by buying from an existing holder, b/c it's DPOS instead of PoW(where you can mine), but you need them to make a wallet for you. 🤦♂️
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by @ummjackson view original on Twitter
Jun 13, 2018 • 6 tweets • 2 min read
"The authors of the new 66-page paper do not have emails or documents that prove that Bitfinex knew about or was responsible for price manipulation...This method is not conclusive"
nytimes.com/2018/06/13/tec…
I've said this countless times before, the fact that Tether supply increased during market declines doesn't prove manipulation. That's exactly what should happen if Tether is working as designed.
Jun 10, 2018 • 7 tweets • 3 min read
Wow. Tezos foundation is holding contributions hostage unless contributors submit to KYC/AML...
May be used to prevent US citizens from claiming their XTZ.
There was no KYC at the time of ICO(a year ago).
Wouldn't be surprised if this results in two chains at launch.
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by @TezosFoundation view original on Twitter
Interesting, looks like Tezos cofounder @ArthurB(murbard on reddit) is saying he isn't on board with the decision.
While everyone is on the topic of mining using hydroelectric because of the recent WSJ piece, worth mentioning that's what the majority of China based mining ops have been using for years now. Excess hydro is insanely cheap.
1/ Part of the reason the 'hodl' philosophy came about was because we have learned not to trust exchanges. Trading requires trusting a third party, holding long term doesn't. Decentralized exchanges will help, but connections to fiat will always come with third party risk.
2/ Store your keys yourself. Hardware wallets are best for most, they make it really easy, are very secure, & support all the top chains. I recommend @TREZOR or @LedgerHQ.
Also, tails.boum.org built-in electrum is great tool for storing $btc.
#Tether is/was:
- created to bypass KYC/AML laws & the banking blockade on exchanges that don't comply.
- a centralized stop-gap solution until connections to fiat are unneccesary.
- most likely holding reserves in an offshore bank account.
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by @matt_odell view original on Twitter
2/ @Tether_to cannot defend themselves b/c they risk gov't intervention. Making their bank account(s) public puts them at greater risk of being shut down & assets seized. They also can't acknowledge back room deals between the exchanges & them, that puts the exchanges at risk.
Jul 24, 2017 • 14 tweets • 4 min read
1/ Don't be scared of potential hard forks. They are a key component of #bitcoin's ability to upgrade through rough consensus/game theory.
2/ A healthy #Bitcoin network is one which will fork many times in its future. Forks can enable new ideas, market will value accordingly.
