140 views1 comment0 pointsMost recent by karlOthers
Facebook Libra announces its 21 members, down from 28 [Forum Post]Facebook announced their 21 members after losing 7 in a short span, most of them being payment type companies.
chainBLX: LA Blockchain week cocktail party [Forum Post]We cordially invite you to join us for our party during LA's Blockchain week on October 16, 2019. Register in the link below to join us at our networking cocktail party.
167 views1 comment0 pointsMost recent by karlOthers
Submitting Claims [Forum Post]Hello everyone!
Just wanted to make a forum post to address the claims process.
First, only Bounty Hunters can submit claims on a whitepaper. If you registered as anything other than a Bounty Hunter then you are not able to submit claims. That being said, you must be a Bounty Hunter with over 50 likes to be able to submit claims on a whitepaper.
Please watch the instructional video at the following link to see how to submit a claim on a whitepaper https://chainblx.io/index.php?p=/discussion/57/
Once a whitepaper has received accreditation, you can no longer submit claims on it. You can still post comments on the whitepaper but claims will no longer be accepted.
Claims entered on a whitepaper page as a comment will not be considered a claim.
Fox in the Hen House: Why the hell is Visa investing in crypto startups?? [Forum Post]https://fortune.com/2019/07/10/exclusive-visa-pours-millions-into-cryptocurrency-startup-anchorage/
Here's another example of Visa investing in a crypto startup. This makes perfect sense but for all the wrong reasons. The whole point of crypto is to go around the high fees and centralized control of Visa and other powerful banking entities.
There can only be one explanation. Could it be that Visa invests in the best crypto startups so they have an inside track to undermine them later?
IRS conducting electronic surveillance in attempt to clampdown on Bitcoin tax crime [Forum Post]The IRS plans to interview family and friends, search through social media posts, and issue subpoenas to ensure people pay taxes on their Bitcoin, according to a presentation given to the IRS Criminal Investigation division. Top companies including Apple, Google, and Microsoft are also under the gamut of these investigations.
The IRS is going to great lengths to identify and prosecute cryptocurrency-facilitated tax crime. In a 181 slide presentation, James Daniels, the IRS-CI cyber crimes program manager, details the usage, ecosystem, and technology behind top cryptocurrencies (including Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin, Stellar, and Monero).
What’s alarming are the recommendations provided to IRS agents for obtaining information from taxpayers.
read more https://cryptoslate.com/irs-conducting-electronic-surveillance-in-attempt-to-clampdown-on-bitcoin-tax-crime/
US Central Bank Has Serious Concerns About Facebook's Cryptocurrency Libra [Forum Post]https://www.cnet.com/news/us-central-bank-has-serious-concerns-about-facebooks-cryptocurrency-libra-report-says/
ummm.. yeah? This project sets off every alarm bell there is, especially for those of use who have been crypto enthusiasts from the beginning. There are lots of people saying Libra is great for adoption etc but it is not good for adoption of real crypto. Like some other people have said on this forum, Libra is just diverting traffic off of the crypto highway and circling it back around to banks.
"While the project's sponsors hold out the possibility of public benefits, including improved financial access for consumers, Libra raises many serious concerns regarding privacy, money laundering, consumer protection and financial stability,"
Facebook Crypto Libra Harshly Received [Forum Post]https://edition.cnn.com/2019/07/15/tech/facebook-libra-hearings-preview/index.html
Sounds like this is going to get shot down because people are saying enough is enough. The president says Libra threatens the dollar. There are two hearings in congress this week about it.
Will all countries eventually digitize their currencies? [Forum Post]The end of paper money will happen for sure. Most of us already use debit cards for most purchases.
But there is a bigger shift on the way, with central banks issuing national cryptos side by side with fiat, which will likely phase out fiat eventually. There are plenty of examples of this type of thing historically as monetary instruments become obsolete or transform with technology.
The article below has more info on all this. The 'Banker's Bank' (BIS) in Switzerland is already seeing this trend with central bankers.
Without being asset-backed, has Bitcoin become an casino run by whales? [Forum Post]I've been watching bitcoin for a long time now, and every rally and decline seems to be outed as manipulation by whales who can move $100 million or more in a day. Makes me think the average investor, with no opportunity to base decisions on real-world factors, is just basically rolling the dice with bitcoin.
The house advantages in Vegas are:
Craps: up to 16%
Blackjack: 1% or less if player knows basic strategy
I think the odds in Vegas are similar to, if not better than gambling on Bitcoin -- the 'house' in the case of Bitcoin being powerful manipulators of the currency. Curious what you guys think.
3rd Option to Accreditation or Non-Accrediation [Forum Post]Thought I would as the community here the ChainBLX team about possibly adding a 3rd option to white paper accreditation. It would be for white papers that the community judges to have merit and good intentions, but is incomplete or otherwise inadequate for full accreditation. It could be called an Community Invitation to Resubmit (CIR) or something like that?
4 Big Reasons Bitcoin's Price Will Probably Not Stop at $20k This Time [Forum Post]https://cointelegraph.com/news/4-big-reasons-bitcoins-price-will-probably-not-stop-at-20k-this-time
**Some good arguments here:**
**1) Institutional investment is driving it, not retail.** "In fact, the number of Google searches for “bitcoin” is only around 10% of what they were in 2017. In other words, retail investor FOMO has not even started yet,"
**2) Network fundamentals better than ever. ** "Bitcoin is more secure than ever and would require an unfathomable amount of computing power to affect the network."
3) Bitcoin reward halving is still 11 months away. ** "This is when mining block rewards will be cut from 12.5 to 6.25 BTC, thus reducing the bitcoins minted by miners who are naturally market sellers."
**4) The bigger macroeconomic picture.** "...'hodlers' are confident that bitcoin — with its fixed supply — will outperform fiat currencies, whose supply is growing at an accelerating pace over the long term."
Facebook releases whitepaper for its new cryptocurrency Libra [Forum Post]Here's the whitepaper:'
and here is a Tech Crunch article with details:
-Decentralized pegged currency run as an independent entity from FB
-Founding partners include Visa, Mastercard, and Uber
-Wallet called Calibra will integrate with WhatsApp, FB Messenger, and its own app
-Users remain anonymous
-Based in Geneva, Switzerland
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