Official BGOL Crypto Currency Thread ★★★★★

Russian Scientists Arrested for Using Nuclear Weapon Facility to Mine Bitcoins

https://thehackernews.com/2018/02/supercomputer-mining-bitcoin.html

The suspects work as engineers at the Russian Federation Nuclear Center facility—also known as the All-Russian Research Institute of Experimental Physics—which works on developing nuclear weapons.

The center is located in Sarov, Sarov is still a restricted area with high security. It is also the birthplace of the Soviet Union's first nuclear bomb.

In 2011, the Russian Federation Nuclear Center switched on a new supercomputer with a capacity of 1 petaflop, making it the twelfth most powerful in the world at the time.

According to Russian media reports, the engineers had tried to use one of Russia's most powerful supercomputers housed in the Federal Nuclear Center to mine Bitcoins.

The suspects were caught red-handed while attempting to connect the lab's supercomputer to the internet, which was supposed to be offline to ensure security, the nuclear center's security department was alerted.


Once caught, the engineers were handed over to the Federal Security Service (FSB).
 
Russian Scientists Arrested for Using Nuclear Weapon Facility to Mine Bitcoins

https://thehackernews.com/2018/02/supercomputer-mining-bitcoin.html

The suspects work as engineers at the Russian Federation Nuclear Center facility—also known as the All-Russian Research Institute of Experimental Physics—which works on developing nuclear weapons.

The center is located in Sarov, Sarov is still a restricted area with high security. It is also the birthplace of the Soviet Union's first nuclear bomb.

In 2011, the Russian Federation Nuclear Center switched on a new supercomputer with a capacity of 1 petaflop, making it the twelfth most powerful in the world at the time.

According to Russian media reports, the engineers had tried to use one of Russia's most powerful supercomputers housed in the Federal Nuclear Center to mine Bitcoins.

The suspects were caught red-handed while attempting to connect the lab's supercomputer to the internet, which was supposed to be offline to ensure security, the nuclear center's security department was alerted.


Once caught, the engineers were handed over to the Federal Security Service (FSB).

And folks think bitcoin is going somewhere

With muthafuckas this thirsty for bitcoin

Crypto currency is here to stay..

The demand for it is much more than mainstream media is trying to let on...
 
I read where there are predictipns of Ripple being as high as $692 per. Shits about to get wild eventually if this happens. Forecast that Ive been reading say that XVG is a good investment as well as TRX (Tron). Gonna get as much Ripple as I can and add to what I have.
I really hope this happens in a few years. I would be a VERY happy man!
 
Very long read, but a must read if you're holding xrp

The Ripple story

Introduction



On 4 January 2018, the Ripple (XRP) price reached a high of $3.31, an incredible gain of 51,709% since the start of 2017. This represented a market capitalization of $331 billion, putting Ripple’s valuation in the same league as Google, Apple, Facebook, Alibaba, and Amazon — the largest tech giants in the world. According to
Forbes, Chris Larsen, the executive chairman of Ripple, owns 17% of the company and controls 5.19 billion XRP, worth around $50 billion at the time of the peak, making him one of the richest people in the world. Despite this incredible valuation, many of the market participants do not appear to know much about Ripple’s history or the technology behind it. In this piece, we provide an overview of the history of Ripple and look at some of its technical underpinnings.







The dispute and the Bitstamp Ripple freeze incident

In 2015, Ripple took advantage of the Ripple freeze feature instituted in August 2014. The Bitstamp gateway froze funds belonging to a family member of Jed McCaleb. Some consider this ironic: Ripple originally stated that the freeze feature was implemented to enable gateways to comply with orders from law enforcement yet the first actual usage of the feature appears to have been an order to comply with an instruction from the Ripple company itself, against one of the founders.

What appears to have happened is a family member of McCaleb sold 96 million XRP (perhaps part of the 2 billion XRP given to other family members and not part of the lock-up agreement) back to Ripple for around $1 million. After Ripple acquired the XRP for USD, Ripple appears to have asked Bitstamp to use the Ripple freeze feature to confiscate the $1 million Ripple had just used to buy the tokens. In 2015, Bitstamp took both Ripple and McCaleb to court, to determine the best course of action.

Court documents allege/reveal the following:

  • McCaleb had 5.5 billion XRP.
  • McCaleb’s two children held 2 billion XRP.
  • Another 1.5 billion XRP were held by charitable organizations and other family members.
  • In March 2015, Jacob Stephenson, a relative of McCaleb, offered to sell 96 million XRP to Ripple.
  • Ripple agreed to pay nearly $1 million to buy the 96 million XRP from Stephenson in a complicated transaction that “manipulated the market” to “improperly inflate the price per XRP of the transaction and mislead other purchasers”. As part of this, Ripple paid more than the cost and asked Stephenson to return an excess amount of $75,000.
  • Bitstamp’s chief legal officer was also an advisor to Ripple and as such there was a conflict of interest.
The dispute between McCaleb and Ripple continued until a final resolution in February 2016, when the company, implying that McCaleb had violated the 2014 XRP lock-up agreement, stated that a final settlement had been reached:



https://blog.bitmex.com/the-ripple-story/
I'm not sure what to take from this, some details are missing. If the transaction was between Jacob Stephenson and Ripple, what does McCaleb have to do with it?


I do see that crypto is a means for the wealthy to move, hold, grow, and hide money.
 
I read where there are predictipns of Ripple being as high as $692 per. Shits about to get wild eventually if this happens. Forecast that Ive been reading say that XVG is a good investment as well as TRX (Tron). Gonna get as much Ripple as I can and add to what I have.

I really hope this happens in a few years. I would be a VERY happy man!
Man, what you sayin'....

THIS YEAR! 2018!!!!
 
I'm not sure what to take from this, some details are missing. If the transaction was between Jacob Stephenson and Ripple, what does McCaleb have to do with it?


I do see that crypto is a means for the wealthy to move, hold, grow, and hide money.

truth be told thats who the irs is really going after.. they dont care about the muthafuckas who made a couple of thousand..

they want the dudes flippin millions and tryin to hide it...

I know Im gonna keep my thirty percent on the side.... and be more than happy to pay it..
 
truth be told thats who the irs is really going after.. they dont care about the muthafuckas who made a couple of thousand..

they want the dudes flippin millions and tryin to hide it...

I know Im gonna keep my thirty percent on the side.... and be more than happy to pay it..
Ain't even worth the time and effort to go after the little guy with so many big fish to fry. That's why the U.S. government came out so crypto friendly. They going to make a fucking killing with taxes. They know this is global. One thing the cacs who run this government know is fucking money.

Once the dummies at the state level wise up, they're going to be crypto friendly trying to get their cut.

What if a city decides to take some taxes in crypto and sock that shit away? It's a gamble, but could lead to a huge chunk of change for that city as long they already have enough revenue in the coffers.
 
I am asking this sincerely so please do not take it negatively. If BitConnect was a pyramid scam, what it different about LendConnect that is not the same thing. You can include EthConnect also.
I cant be sure if its a scam or not,they seem organized,Lending is dying.Its just a small part of my overall strategy.I made some money on Ucoin, now I just bought another 100 lct.If I make profit I invest in something solid.The only "lending Platform I am really hyped on is Bitcoingrowthbot.
https://www.bitcoingrowthbot.io/
Here you can see the bots realtime performance.
https://www.myfxbook.com/members/Nucleus/bitcoin-growth-bot/2358348
They are going to be marketing it as a bitcoin managed fund.It has a verifiable real trading bot.It was averaging 15% its first month in Dec. and was trading about even even during the recent crash.We know who the C.E.O is.Other than that lending is dead I thinkj.Yall need to b uy during this sale.Also Im looking at some mmasternodes ,have my eye on Jew(sheckles) and Sucre. also chech out Qash on the Liquid platform.Im puttin my $$ in smart conttract platforms,E.O.S, lisk,neo,qtum,Waves,Iota and there are so may good projects.Also I like putting money on thoings that pay dividends,I think Kucoin shares will be big only thing is you have to have the coins on the site to get the interest,but they pay in coins all the coins traded they pay 50% of all trading fees to token holders in coins,For some of the small market cap coins blow up that alone could be bank. Here is a calculator to see how much you could make in coins on a daily basis.https://kucoinshares.com/
 
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I read where there are predictipns of Ripple being as high as $692 per. Shits about to get wild eventually if this happens. Forecast that Ive been reading say that XVG is a good investment as well as TRX (Tron). Gonna get as much Ripple as I can and add to what I have.

That must be 10 years from now. $26 trillion cap?
 
That must be 10 years from now. $26 trillion cap?

Yeah, I wasn't going to say anything but I agree, people should do the math before they get their hopes up about how high XRP will go this year. I still think it'll do well, I just don't think it'll be $5k by December 31st.
 
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Yes, the new launch date is Feb 16 and they sound confident this time around.
They have to deliver. They are like 4-5 months late already and hyped the last launch up for a month. With all the bullshit they been giving the community, they better fucking break bread to get listed on a proper exchange. Start with Kucoin and take it from there. :yes:

Wagerr is a sleeping giant if these cats can stop fucking around.
 
Yeah, I wasn't going to say anything but I agree, people should do the math before they get their hopes up about how high XRP will go this year. I still think it'll do well, I just don't think it'll be $5k by December 31st.
$5K? or 5 bucks?
 
Wagerr needs a larger community in order to reach 3 billion dollar market cap...
They supposed to start marketing once they get their fucking tech in order. They definitely need to work on community confidence and going open source should help things.

Community means so much though. If it weren't for the community, NEO wouldn't be near where it's at. City of Zion put in so much fucking work for that project. The Neon wallet. Working on NEP-5. Every fucking thing and ended up owning nodes because of it. So a private entity(Onchain) gets to eat off the community. It's crazy that City of Zion has so much power and didn't exit until middle of June 17.
 
$5K? or 5 bucks?

I just picked $5,000 as a randomly large number, I can see it going to $5 if the market as a whole does very well this year. I just don't think it'll have a 80-90% market dominance at any point. It needs around $155 billion to get to $5 from where it is now. I'd imagine crypto as a whole would need a $1-2 trillion market cap for that to happen.
 
They supposed to start marketing once they get their fucking tech in order. They definitely need to work on community confidence and going open source should help things.

Community means so much though. If it weren't for the community, NEO wouldn't be near where it's at. City of Zion put in so much fucking work for that project. The Neon wallet. Working on NEP-5. Every fucking thing and ended up owning nodes because of it. So a private entity(Onchain) gets to eat off the community. It's crazy that City of Zion has so much power and didn't exit until middle of June 17.
I’m praying bro :wepraise: because my next move would be Puerto Rico!!!
 
Ain't even worth the time and effort to go after the little guy with so many big fish to fry. That's why the U.S. government came out so crypto friendly. They going to make a fucking killing with taxes. They know this is global. One thing the cacs who run this government know is fucking money.

Once the dummies at the state level wise up, they're going to be crypto friendly trying to get their cut.

What if a city decides to take some taxes in crypto and sock that shit away? It's a gamble, but could lead to a huge chunk of change for that city as long they already have enough revenue in the coffers.

yea well cities like nyc better relax with that shit because they didnt even want us in the crypto game...

the feds just really need to stop the greedy fuckery and say, give us our twenty percent when you cash out or move money out the exchange...

all that tryin to nickel and dime muthafuckas is making dudes who make big money look for other options..

and in this crypto game when it comes to other options they aint seen nothing yet...
 
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Anyone invested in Embercoin. Looks like it's officially a scamcoin. Don't know the full details but I'm on the discord where mfs are pissed!
Mfs calling it Emberconnect, One dude saying he invested :eek2:$1300???:smh:

i dropped 25...felt like it was a pipe dream to begin with. still staking at stake united too...
 
yea well cities like nyc better relax with that shit because they didnt even want us in the crypto game...

the feds just really need to stop the greedy fuckery and say, give us our twenty percent when you cash out or move money out the exchange...

all that tryin to nickel and dime muthafuckas is making dudes who make big money look for other options..

and in this crypto game when it comes to other options they aint seen nothing yet...

Yeah, the IRS/Feds need to get their shit together. How one(IRS) saying property and the other busting folks for illegal money transmitting? Greedy fucks want to eat the cake and have it too. Because if it's fucking property, I should be able to move my fucking property whenever the fuck I want without worrying about the Feds setting up a sting because I don't have a license that costs an absurd amount of money.

Now that the walllstreet boys getting in, I wonder how NYC will treat crypto. Should be interesting watching states and cities react. I remember Cleveland Heights tried to have bitcoin street 4 years ago. Shit didn't take off then, but might now.
 
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