Money Bitcoin Take? - Page 67

ChiefRocka · 06:51 AM

Bitcoin disrupts gold
Ethereum disrupts financial services
There will be others...

Hog's Gone Fishin · 12-19-2017, 10:43 PM

Quote:

Originally Posted by ghak99

Can anyone explain what's actually going on?

Kim Jung Un hacked every Bitcoin in the world. He now has all the bitcoins,Nuclear weapons and missiles aimed at Kansas City, Denver,LA and Oakland and has vowed to take out the whole AFCW.

And it was discovered today that Coinbase is actually owned by North Korea and they now have enough money to feed themselves for 100 years as well as having all our CC numbers and Bank account numbers.

We're all ****ed!

**BossChief** · 12-20-2017, 07:41 AM

Can you guys buy Bitcoin Cash on coinbase?

ghak99 · 12-20-2017, 08:08 AM

Quote:

Originally Posted by Hog's Gone Fishin

Kim Jung Un hacked every Bitcoin in the world. He now has all the bitcoins,Nuclear weapons and missiles aimed at Kansas City, Denver,LA and Oakland and has vowed to take out the whole AFCW.

And it was discovered today that Coinbase is actually owned by North Korea and they now have enough money to feed themselves for 100 years as well as having all our CC numbers and Bank account numbers.

We're all ****ed!

Never trust a midget!

Hog's Gone Fishin · 12-20-2017, 08:18 AM

Did I just hear right that Charlie Lee just sold all his Crypto, claiming conflict of interest ???

If you don't know he's the developer of Litecoin

ghak99 · 12-20-2017, 08:29 AM

How tall is he?

Molitoth · 12-20-2017, 10:50 AM

I want to start into Crypto, but I'm so ****ing lost.

BWillie · 12-20-2017, 11:04 AM

Quote:

Originally Posted by Molitoth

I want to start into Crypto, but I'm so ****ing lost.

It's pretty cool. You take a shit. Come back, look at your phone. Profit.

scho63 · 12-20-2017, 11:25 AM

Bitcoin exchange goes bust after hack
by Daniel Shane @CNNTech
December 20, 2017: 2:54 AM ET

http://money.cnn.com/2017/12/20/tech...ses/index.html

A bitcoin exchange in South Korea has gone out of business after being hacked, highlighting the perils of trying to cash in on this year's stunning boom in digital currencies.
Seoul-based Youbit said it was filing for bankruptcy after cyber-thieves stole nearly a fifth of its clients' holdings in an attack Tuesday.

It's the second time this year that Youbit, which allows customers to trade bitcoin and other digital currencies, has been hit by hackers.

In April, thieves made off with 38 billion won ($35 million) in digital currencies. The company didn't say how much was taken in the latest heist or how exactly it happened.

Related: What is bitcoin?

South Korea's Korea Internet and Security Agency said Wednesday that it was working with police to investigate this week's Youbit hack, but that it didn't yet know who was responsible.

Youbit said that its customers would get back about three-quarters of the value of the digital currencies they had stored in accounts with the exchange. The rest will be refunded after bankruptcy proceedings, it said.

Bitcoin's history is littered with cases of trading platforms coming under attack.

Earlier this month, hackers stole more than $70 million worth of bitcoins from digital currency platform Nicehash. Last year, Hong Kong-based exchange Bitfinex was briefly shut down after hackers stole more than $60 million in bitcoins.

Related: More than $70 million stolen in bitcoin hack

Tim Wellsmore, director of threat intelligence at cybersecurity firm FireEye, said bitcoin exchanges had been slow to respond to the threats posed by hackers.

"As the prices of bitcoin and similar virtual currencies continue to appreciate, we expect greater interest from attackers seeking to steal it," he said.

Bitcoin's price (XBT) is now more than 15 times as high as it was at the start of the year.

Suspicion for this week's Youbit hack could fall on North Korea.

South Korean police have accused North Korean hackers of targeting at least four different exchanges this year that trade bitcoin and other digital currencies in South Korea.

North Korea has previously denied any role in international cyberattacks.

Related: North Korea may be making a fortune from bitcoin mania

Bitcoin, which offers layers of anonymity, has long been a magnet for criminals.

Unlike traditional currencies like the U.S. dollar, digital currencies don't fall under central bank control and are largely unregulated.

South Korea has become a hotbed of bitcoin activity. On a given day, the country can account for about 20% of worldwide trading in the cryptocurrency.

Bitcoin is in such high demand there that traders can end up paying a premium of between 15% and 20% compared with prices elsewhere.

Related: Bitcoin futures trading just got a lot bigger

Youbit was a small player in the market, which is dominated by Bithumb, a much larger exchange.

With so many small South Korean investors diving into bitcoin, authorities are getting worried about the potential impact of a crash.

The government earlier this month said it was forming a special task force to study the "cryptocurrency problem."

-- Jake Kwon and Hannah Kang contributed to this article

TambaBerry · 12-20-2017, 09:07 PM

Ripple is heading for a dollar

58-4ever · 12-20-2017, 09:45 PM

Quote:

Originally Posted by BossChief

Can you guys buy Bitcoin Cash on coinbase?

You can now!!

KCrockaholic · 12-20-2017, 09:47 PM

So I haven't followed this Bitcoin thing at all, but my friend is freaking out about it. Is this something to invest in, or is it too late? It seems there's always a window in these types of things. I don't know a thing about it.

58-4ever · 12-20-2017, 09:51 PM

Quote:

Originally Posted by KCrockaholic

So I haven't followed this Bitcoin thing at all, but my friend is freaking out about it. Is this something to invest in, or is it too late? It seems there's always a window in these types of things. I don't know a thing about it.

Read the white papers from Sakatori Nakamoto, research Blockchain technology, make your own decisions...

IMO, the bubble will burst, but we are still 6-18 months away from that

RunKC · 12-21-2017, 10:39 AM

Quote:

Originally Posted by JohnnyHammersticks

Alright I lied. Just grabbed 20K of Verge XVG at 7¢ per coin. NOW I'm officially done buying cryptos.

If there is one small alt coin I’d bet on to grow, it’s this one. I like it a good bit more than XRP.

No it won’t grow to be some $1,000 beast IMO, but I can see it going up to $100 pretty easily over the next few years. It’s currently 10 cents right now.

JohnnyHammersticks · 12-21-2017, 11:49 AM

Quote:

Originally Posted by RunKC

If there is one small alt coin I’d bet on to grow, it’s this one. I like it a good bit more than XRP.

No it won’t grow to be some $1,000 beast IMO, but I can see it going up to $100 pretty easily over the next few years. It’s currently 10 cents right now.

If Verge goes to $100 a coin, I'll literally die in a tsunami of blow and hookers.

**Ming the Merciless** · 12-21-2017, 12:02 PM

tell me about verge

02-15-2013, 11:41 AM
ChiefRocka Veteran Join Date: Feb 2012 Location: DE Casino cash: $9775019	Bitcoin Take? Bitcoin disrupts gold Ethereum disrupts financial services There will be others... Last edited by ChiefRocka; 03-06-2024 at 06:51 AM..
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12-20-2017, 07:41 AM	#992
BossChief SuperBowl or bust Join Date: Dec 2008 Location: BF Iowa Casino cash: $1654088	Can you guys buy Bitcoin Cash on coinbase? __________________ Dreams do come true... http://www.chiefsplanet.com/BB/showp...postcount=1407
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12-20-2017, 08:18 AM	#994
Hog's Gone Fishin Fish are scared of me Join Date: Nov 2001 Casino cash: $1480477	Did I just hear right that Charlie Lee just sold all his Crypto, claiming conflict of interest ??? If you don't know he's the developer of Litecoin
Posts: 40,384

12-20-2017, 08:29 AM	#995
ghak99 MVP Join Date: Jan 2007 Location: Missouri Casino cash: $1682250	How tall is he?
Posts: 8,266

12-20-2017, 10:50 AM	#996
Molitoth Mahomes Fanboi Join Date: Apr 2004 Casino cash: $2814969	I want to start into Crypto, but I'm so ****ing lost.
Posts: 19,484

12-20-2017, 11:25 AM	#998
scho63 Politically Incorrect Join Date: Feb 2009 Location: Scottsdale, AZ Casino cash: $2531110	Bitcoin exchange goes bust after hack by Daniel Shane @CNNTech December 20, 2017: 2:54 AM ET http://money.cnn.com/2017/12/20/tech...ses/index.html A bitcoin exchange in South Korea has gone out of business after being hacked, highlighting the perils of trying to cash in on this year's stunning boom in digital currencies. Seoul-based Youbit said it was filing for bankruptcy after cyber-thieves stole nearly a fifth of its clients' holdings in an attack Tuesday. It's the second time this year that Youbit, which allows customers to trade bitcoin and other digital currencies, has been hit by hackers. In April, thieves made off with 38 billion won ($35 million) in digital currencies. The company didn't say how much was taken in the latest heist or how exactly it happened. Related: What is bitcoin? South Korea's Korea Internet and Security Agency said Wednesday that it was working with police to investigate this week's Youbit hack, but that it didn't yet know who was responsible. Youbit said that its customers would get back about three-quarters of the value of the digital currencies they had stored in accounts with the exchange. The rest will be refunded after bankruptcy proceedings, it said. Bitcoin's history is littered with cases of trading platforms coming under attack. Earlier this month, hackers stole more than $70 million worth of bitcoins from digital currency platform Nicehash. Last year, Hong Kong-based exchange Bitfinex was briefly shut down after hackers stole more than $60 million in bitcoins. Related: More than $70 million stolen in bitcoin hack Tim Wellsmore, director of threat intelligence at cybersecurity firm FireEye, said bitcoin exchanges had been slow to respond to the threats posed by hackers. "As the prices of bitcoin and similar virtual currencies continue to appreciate, we expect greater interest from attackers seeking to steal it," he said. Bitcoin's price (XBT) is now more than 15 times as high as it was at the start of the year. Suspicion for this week's Youbit hack could fall on North Korea. South Korean police have accused North Korean hackers of targeting at least four different exchanges this year that trade bitcoin and other digital currencies in South Korea. North Korea has previously denied any role in international cyberattacks. Related: North Korea may be making a fortune from bitcoin mania Bitcoin, which offers layers of anonymity, has long been a magnet for criminals. Unlike traditional currencies like the U.S. dollar, digital currencies don't fall under central bank control and are largely unregulated. South Korea has become a hotbed of bitcoin activity. On a given day, the country can account for about 20% of worldwide trading in the cryptocurrency. Bitcoin is in such high demand there that traders can end up paying a premium of between 15% and 20% compared with prices elsewhere. Related: Bitcoin futures trading just got a lot bigger Youbit was a small player in the market, which is dominated by Bithumb, a much larger exchange. With so many small South Korean investors diving into bitcoin, authorities are getting worried about the potential impact of a crash. The government earlier this month said it was forming a special task force to study the "cryptocurrency problem." -- Jake Kwon and Hannah Kang contributed to this article __________________ *"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!"* ~Redd Foxx~ ~~2018 2019 2020 20212022 2023~~ 2024 Adopt a Chief - Clark Hunt and Brett Veach "The men who drafted Patrick Mahomes"
Posts: 50,720

12-20-2017, 09:07 PM	#999
TambaBerry MVP Join Date: Jan 2013 Casino cash: $1445541	Ripple is heading for a dollar
Posts: 10,621

12-20-2017, 09:47 PM	#1001
KCrockaholic Sarcasm Join Date: Dec 2007 Location: Olathe Casino cash: $4632900	So I haven't followed this Bitcoin thing at all, but my friend is freaking out about it. Is this something to invest in, or is it too late? It seems there's always a window in these types of things. I don't know a thing about it.
Posts: 21,140

12-21-2017, 12:02 PM	#1005
Ming the Merciless Emporer of Mongo Join Date: Apr 2010 Location: Milky Way Casino cash: $2727556	tell me about verge __________________ ---- 2018 Adopt-A-Chief : Chris Conley 2017 Adopt-A-Chief : FRANK ZOMBO Click here-->*The Holy Chiefsplanet Lexicon **
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