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Old 16th January 2019, 11:04     #281
blynk
 
https://www.stuff.co.nz/national/cri...istchurch-firm

Uh oh
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Old 16th January 2019, 14:10     #282
Lightspeed
 
o_O

Idiots? Or an inside job?
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Old 17th January 2019, 09:38     #283
Juju
get to da choppa
 
Cryptopia always had a number-8 wire feel about it. That's why I only used it in as minimal fashion as possible. I'd go with incompetency.
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Old 7th March 2019, 14:53     #284
Ab
A mariachi ogre snorkel
 
looooooooooool

https://www.smh.com.au/business/mark...07-p512b4.html
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Old 7th March 2019, 15:52     #285
Lightspeed
 
So, what do we think? Extorted and killed? Or he somehow blew the money before it was worth so much and no one noticed, and for some reason he staged his suicide to look like an illness?
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Last edited by Lightspeed : 7th March 2019 at 15:54.
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Old 9th March 2019, 10:23     #286
Ajax
Architeuthis
 
Quote:
Originally Posted by Lightspeed
So, what do we think? Extorted and killed? Or he somehow blew the money before it was worth so much and no one noticed, and for some reason he staged his suicide to look like an illness?
Sounds like natural causes to me.

The patient had a history of Crohn's disease and was on monoclonal antibody therapy (targeted therapy used to treat colon cancer) every 8th week.

The doctors' team treating him reportedly diagnosed him with a case of septic shock, perforation peritonitis, and intestinal obstruction, because of which his condition deteriorated suddenly on December 9.
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Old 12th March 2019, 14:20     #287
Nich
 
Strong buy signal, Scienceguy is back on reddit. Last seen 2017
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Old 8th April 2019, 17:06     #288
blynk
 
Oh silly me, and hindsight.

I was slack a few months ago and was meaning to buy some more eth & BTC but never got around to it.

Now has doubled again in the last few months
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Old 8th April 2019, 17:12     #289
Lightspeed
 
Yeah. I'm hoping I'll have some cash together in time for the next crash.
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Old 11th April 2019, 16:51     #290
Nich
 
If you're wondering why we're having a down day today, look no further than this gay nerd shit happening in Sydney:

EdCon 2019 kickoff rap
https://www.youtube.com/watch?v=ZZ3odRfr-VY

On the other hand. OMG Vitalik is in Sydney!
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Old 11th April 2019, 18:25     #291
Ajax
Architeuthis
 
Quote:
Originally Posted by Nich
If you're wondering why we're having a down day today,
It's because someone dumped US$10 million of BTC on Bitfinex.
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Old 18th April 2019, 15:42     #292
Nich
 
EY has a team of 200 developers working on new protocol Nightfall that will run on public Ethereum blockchain and be published to Github in May 2019.

Supplychain, food provenance, transaction tracking protocol using zk-snarks.

Open source, public blockchain, and 200 developers means EY is putting serious investment into this. This is new ground for such a huge international accounting firm.

New ground for Ethereum too. Super bullish.
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Old 9th May 2019, 16:03     #293
DrTiTus
HENCE WHY FOREVER ALONE
 
BTC over $9000NZD again.

A slow recovery?

I'm not in any hurry.

Hope those of you who wanted in have been dollar cost averaging! Timing the market is hard, putting in lunch money is easy.
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Old 10th May 2019, 11:25     #294
Nich
 
You would have doubled your investment if you put money in in December 2018

Congress Rep. Brad Sherman calls for the ban of all cryptocurrency
https://youtu.be/Cnz2oo8MRas

Here it is. Brad Sherman wants cryptocurrency banned because:
- US and FED will no longer be able to keep the world pinned to the USD
- US can no longer conduct financial terrorism against Venezuela, Iran, Syria, et al
- US can no longer collect taxes effectively
- US can no longer invade sovereign nations on inflated USD

Sounds like a good reason to ban USD to me.
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Old 12th May 2019, 16:56     #295
blynk
 
Boing, another big jump
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Old 14th May 2019, 13:05     #296
Nich
 
get ready to ride the rocket
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Old 14th May 2019, 13:48     #297
Lightspeed
 
Bit different from the last one. Ethereum led the last jump, then Bitcoin followed along with public hype. Right now it's Bitcoin leading, despite a stark lack of any improvements to the tech, at least that I know of.

All the while Ethereum's development continues at a steady pace.
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Old 16th May 2019, 14:32     #298
Nich
 
And here's the face-melting alt rally
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Old 27th May 2019, 11:33     #299
Nich
 
... and more face melting
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Old 26th June 2019, 17:16     #300
DrTiTus
HENCE WHY FOREVER ALONE
 
Thumbs up

Quote:
Originally Posted by Nich
get ready to ride the rocket
Riding!
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Old 27th June 2019, 11:47     #301
Nich
 
Retirement plans are back on the menu boys!
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Old 28th June 2019, 21:17     #302
blynk
 
Quote:
Originally Posted by Nich
Retirement plans are back on the menu boys!
I've seen commentary about how it's going to hit 100k this time around. Lol
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Old 28th June 2019, 22:50     #303
Lightspeed
 
My prediction is a quick peak then a mild, extended slump. Further frothiness for the year. The next BIG peak will be 2020, especially with interest around Ethereum going PoS. Where the slump that follows ends will be what's interesting.

But who knows what noise might get the market hyped up. A slow news day, some story about someone making money doing something remotely useful with crypto, climbing value. Most people are still naive to the pain of riding the wave.
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Old 29th June 2019, 00:05     #304
DrTiTus
HENCE WHY FOREVER ALONE
 
I saw the video of BTC going to $10M in today's dollars. Based on global debt, fiat currencies going to zero, and BTC being the placeholder.

Given the latest peak and slight slump, I'm happy with my holdings, but if it drops much more than now, I'll just buy more, ready for the next move up. I don't see cryptos going away anytime soon.

If you're trading crypto, it matters. If you're HODLing, the short term doesn't matter (unless it goes to zero).

2040 or whenever the limit is reached is when things REALLY matter, because that's when it's a "stable" system.
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Old 29th June 2019, 00:56     #305
DrTiTus
HENCE WHY FOREVER ALONE
 
Question

Is anyone else stacking PMs?
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Old 10th July 2019, 22:32     #306
Nich
 
and we're back testing yearly highs.... oh man it's going to be hard to remain focussed at work during the next couple of months
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Old 11th July 2019, 20:26     #307
Ajax
Architeuthis
 
Quote:
Originally Posted by DrTiTus

2040 or whenever the limit is reached is when things REALLY matter, because that's when it's a "stable" system.
Hopefully there will be better, more efficient cryptos in 2040 and the likes of Bitcoin and Eth will be long-forgotten.
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Old 12th July 2019, 21:19     #308
Lightspeed
 
lol, you're so bitter Ajax. Ethereum is going to be more efficient by next year, to be replaced by the next version of Ethereum.
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Old 13th July 2019, 15:17     #309
Ajax
Architeuthis
 
Quote:
Originally Posted by Lightspeed
lol, you're so bitter Ajax. Ethereum is going to be more efficient by next year, to be replaced by the next version of Ethereum.
I'm very optimistic about crypto as a concept. However, the current generation of cryptos is complete dogshit.
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Old 17th July 2019, 13:09     #310
Ab
A mariachi ogre snorkel
 
https://www.stuff.co.nz/business/114...mpany-problems
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Old 17th July 2019, 14:19     #311
Lightspeed
 
My money is on someone in the thick of it who spotted a vulnerability and exploited it. Sounds like business was out of control, plenty of important shit no one was on top of.

But it seems all parties had motive and opportunity to pull off the rip. Investigators must have their hands full.
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Old 24th July 2019, 02:02     #312
Lightspeed
 
Another Ethereum 2.0 Testnet has Launched. What’s next for Ethereum?
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Old 1st August 2019, 14:59     #313
Lightspeed
 
Huge article by RNZ on blockchain tech.
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Old 14th August 2019, 07:14     #314
DrTiTus
HENCE WHY FOREVER ALONE
 
Inland Revenue weighs in on crypto (page 3)

Summary: If you get paid in crypto, you still need to pay PAYE on your wages as though you were getting paid in NZD, at a rate determined by a valid exchange (one which operates in accordance with laws such as know your customer) - a NZ based exchange will do just fine.

The parallel they draw is that crypto is like property, so FBT applies. Stable coins can be treated as money, pay your tax G.

I expect that the usual trading vs investing definitions come into play around gains made in crypto and whether they are taxable. (Intent when purchasing, and frequency of buying/selling, etc)
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Old 2nd April 2020, 23:07     #315
blynk
 
Did I just hear that craig Wright (effectively) prove that he is satoshi by sending a transaction from one of the original bitcoin wallets?
Or was that a April fools joke?

I really thought the guy was full of shit
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Old 27th July 2020, 11:51     #316
Nich
 
+30% weekly move for Ethereum. V2.0 set to launch in 2020.

Here comes banking & finance as a protocol, layer 2 solutions in development since 2016 are going live:
- Peer to peer lending (no banks: Dharma, Compound)
- Decentralised exchange (Uniswap, bancor)

And more in the pipeline:
- Decentralized Insurance (no insurance companies: requires solving of the Oracle Problem)
- Peer to peer stock trading (no brokers)
- Tokenised asset ownership (crowd sourced major projects, group ownership of property)
- prediction markets (share your opinion with skin in the game)
- persistent assets in gaming / virtual worlds

Bring it on. Fuck the banks, fuck the brokers and middlemen, fuck denying billions of people banking & finance services because it's too expensive to set up shop in their country / neighbourhood.

Last edited by Nich : 27th July 2020 at 11:53.
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Old 3rd August 2020, 12:57     #317
Nich
 
Ethereum 2.0 developers released the specifications for the “official” testnet on Wednesday, ahead of a presumed end-of-year launch. The testnet will begin Aug. 4 and has been named “Medalla” after the Buenos Aires metro stop.
https://www.coindesk.com/ethereum-2-...network-launch
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Old 4th August 2020, 00:43     #318
Lightspeed
 
I think the demand for transparent supply chains are going to be an early driver of the tech:

https://www.rnz.co.nz/news/national/...charity-claims
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Old 4th August 2020, 11:53     #319
Nich
 
Absolutely, provenance is just one of the killer apps for Ethereum. That and solving the oracle problem for prediction markets + insurance.

Also, Uniswap decentralised exchange does more volume than Poloniex and Binance. 1/3 volume of Coinbase!
https://cryptoslate.com/uniswap-does...-tokens-surge/

Thanks for DeFi, transaction volume of Ethereum has surpassed Bitcoin:
https://finance.yahoo.com/news/ether...120021033.html

Last edited by Nich : 4th August 2020 at 11:54.
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Old 4th October 2020, 10:24     #320
DrTiTus
HENCE WHY FOREVER ALONE
 
Vimba (used to be mybitcoinsaver) in NZ has shut down. Now you're going to have to buy your Bitcoin from Juju, or use one of those risky exchanges and provide mugshots etc.

I only noticed when my last delivery from my AP didn't come through, because I delete the emails from them out of habit.
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