Irish Poker Boards
Irish Open 2018
Register Arcade FAQ Members List Calendar Mark Forums Read

Go Back   Irish Poker Boards > Gambling > General Gambling
Reply
 
Thread Tools Display Modes
Old 06-02-18, 10:12   #261
Tar.Aldarion
Member
 
Tar.Aldarion's Avatar
 
Join Date: Feb 2010
Location: Dublin
Posts: 5,835
Send a message via MSN to Tar.Aldarion Send a message via Skype™ to Tar.Aldarion
Quote:
Originally Posted by Raoul Duke III View Post
Of course I would, all the true believers should be queueing up to take my.money.

Just about to go under $6k I see...
Sounds like a decent time to buy

That bet is like asking the believers of global warming to bet that the temperature won't go lower over the year.
__________________

Last edited by Tar.Aldarion; 06-02-18 at 10:16.
Tar.Aldarion is offline   Reply With Quote
Old 06-02-18, 11:17   #262
Hitchhiker's Guide To...
Duncan F*****g Stewart
 
Hitchhiker's Guide To...'s Avatar
 
Join Date: Jan 2010
Location: South Cidre
Posts: 27,299
Any update on the Telegram ICO? That seems to make intuitive sense.
Hitchhiker's Guide To... is offline   Reply With Quote
Old 06-02-18, 11:18   #263
Hitchhiker's Guide To...
Duncan F*****g Stewart
 
Hitchhiker's Guide To...'s Avatar
 
Join Date: Jan 2010
Location: South Cidre
Posts: 27,299
fwiw, buying when prices are falling is an absolute mugs game. You want to see some rebounds before re-entering market as a sign that the falling trend might have been broken.
Hitchhiker's Guide To... is offline   Reply With Quote
Old 06-02-18, 11:55   #264
DeadParrot
Grand High Wizard
 
DeadParrot's Avatar
 
Join Date: Jan 2010
Posts: 17,752
Quote:
Originally Posted by Hitchhiker's Guide To... View Post
fwiw, buying when prices are falling is an absolute mugs game. You want to see some rebounds before re-entering market as a sign that the falling trend might have been broken.
catching falling knives ftw
__________________
People say I should be more humble
I hope they understand, they don't listen when you mumble
The OnePlus 5, when you absolutely have to have the best phone in the room, accept no substitutes.
get 20 towards accessories or discount one your phone on @ oneplus.net. We all win
DeadParrot is offline   Reply With Quote
Old 06-02-18, 13:05   #265
jbravado
Not Lost In Translation
 
Join Date: Jan 2010
Location: Home
Posts: 1,623
Send a message via MSN to jbravado
Quote:
Originally Posted by The Situation View Post
.
Belief and blind hope are for the most part not a million miles removed. Not much blind about the way the lads Im talking go about their business but I appreciate the point you are making. Not sure why it it so hard for people to imagine the way we do business will change to the unrecognizably and within a very short space of time.
jbravado is offline   Reply With Quote
Old 06-02-18, 18:35   #266
Hitchhiker's Guide To...
Duncan F*****g Stewart
 
Hitchhiker's Guide To...'s Avatar
 
Join Date: Jan 2010
Location: South Cidre
Posts: 27,299
Quote:
Originally Posted by jbravado View Post
Belief and blind hope are for the most part not a million miles removed. Not much blind about the way the lads Im talking go about their business but I appreciate the point you are making. Not sure why it it so hard for people to imagine the way we do business will change to the unrecognizably and within a very short space of time.
The issue here is believing in the technology doesn't necessarily translate to individual cryptos being worth something. E.g. WiFi was a revolutionary technology but no-one has particularly made a fortune from it as it's universal. We need a way to separate the universal benefit of the technology from the likelihood of a particular crypto accruing private gains from the technology.
Hitchhiker's Guide To... is offline   Reply With Quote
Thanks From:
Old 10-02-18, 13:19   #267
Opr
OCD
 
Opr's Avatar
 
Join Date: Jan 2010
Posts: 4,671
Quote:
Originally Posted by Opr View Post
To be honest you just have to embrace the the shadiest of it all. I am currently deeply involved in XRB. The whole situation around it is insane. So they setup this coin on a new technology called a block lattice. It was flat enough for a long period in the market but underwent an enormous growth in a very short time. It went from under a dollar to 30 bucks in the space of around a month.

They at that time only had one small exchange that served all the XRB trading, BitGrail. They have since introduced another small one and Binance is due to launch at any time. The current situation is incredible though. The owner of BitGrail the small exchange trading it allowed deposit/withdrawals for months with no issues. Now that he realises the exchange is going under he is pulling all shorts of shady moves.

He firstly forced people to start doing KYC. Crashed the market. He posted today that he won't allow people outside Europe to withdraw XRB full stop so the only way they have out is to terminate the account and convert to BTC to withdraw. This completely crashed the price. You even had a situation earlier where the same coin was trading on BitGrail for 11 as people dumped it trying to get money out as opposed to 17 on KuCoin. He is basically controlling the price of the coin and able to gobble them up for himself on the exchange by forcing people to sell them at a hugely reduced price. Thankfully while I did buy on BitGrail, I sent them to a wallet straight after each time.

Complete wild, wild west.

Opr
So this all came to a head yesterday with the exchange claiming they are missing 17 million XRB (around 12% of circulating supply) or about $150m.

Been an issue for months and they were probably being dumped on the market for weeks prior to the announcement. No wonder the price never went anywhere. The owner of the exchange looks neck deep in whatever was going on. Someone on reddit posted about the problem 10 days ago and yet the exchange owner only claims to have become aware of the problem yesterday

Chat log from the Dev/Exchnage owner as he tells them about the problem is interesting - https://www.dropbox.com/s/3g38y67luo...t_log.pdf?dl=0

Opr

Last edited by Opr; 10-02-18 at 13:34.
Opr is offline   Reply With Quote
Old 10-02-18, 14:01   #268
Hitchhiker's Guide To...
Duncan F*****g Stewart
 
Hitchhiker's Guide To...'s Avatar
 
Join Date: Jan 2010
Location: South Cidre
Posts: 27,299
Quote:
Originally Posted by Opr View Post
So this all came to a head yesterday with the exchange claiming they are missing 17 million XRB (around 12% of circulating supply) or about $150m.

Been an issue for months and they were probably being dumped on the market for weeks prior to the announcement. No wonder the price never went anywhere. The owner of the exchange looks neck deep in whatever was going on. Someone on reddit posted about the problem 10 days ago and yet the exchange owner only claims to have become aware of the problem yesterday

Chat log from the Dev/Exchnage owner as he tells them about the problem is interesting - https://www.dropbox.com/s/3g38y67luo...t_log.pdf?dl=0

Opr
The dropbox is interesting, even without knowing much background. But what is the background? Like who are the three people.
Hitchhiker's Guide To... is offline   Reply With Quote
Old 10-02-18, 14:30   #269
Opr
OCD
 
Opr's Avatar
 
Join Date: Jan 2010
Posts: 4,671
Quote:
Originally Posted by Hitchhiker's Guide To... View Post
The dropbox is interesting, even without knowing much background. But what is the background? Like who are the three people.
So 'The Bomber' in the conversation is the guy that owns BitGrail. It was the original exchange that XRB partnered with to sell it on launch. Colin is the creator of XRB and Zack is one of the lead developers. They in theory should have no relationship other than one is like a shop owner (Bomber) that sells a new product exclusively for a period of time for Zack/Colin, the guys behind the product.

BitGrail would have been a tiny corner shop at that stage. Since XRB blew up out of nowhere it went from corner shop to supermarket overnight. Bomber claims to have no clue the funds were going missing over a large period of time despite someone on reddit questioning missing funds they could see on the blockchain about 2 weeks back. No way Bomber wasn't aware of the issue. All sorts of shady things have happened in that period like him closing withdrawals recently and demanding everyone verify accounts under new Italian laws that no one could find implemented. If he was stealing then it was a nice way to get a load of clean identification to wash the funds on other exchanges.

Another version of events is that the site was coded really badly and people were getting double deposits for a period of time. Bomber tried to cover this by arbing XRB between exchanges but when the big crash happened he wasn't able to make up the short fall. It is really unknown at this point what the actual version of events is but whatever Bomber is knee deep in some kind of extremely dodgy stuff.

BitGrail Statement

Quote:
Important notice
Bitgrail S.r.l. Informs its users that internal checks revealed unauthorized transactions which led to a 17 million Nano shortfall, an amount forming part of the wallet managed by Bitgrail S.r.l.

Today a charge about those fraudulent activities has been submitted to the competent authorities and now is under police investigation.

We inform you that the other currencies have not been involved.

In order to conduct further verifications, all the activities will be temporarily suspended (including withdrawals and deposits). This procedure is indispensable for users security.

We do offer our full and sincerest apologies to our customers and to whom has been involved into the illegal transfers of Nano occurred on our platform.

Other announcements will be released shortly.

Thank you for your attention.
Nano response:

Quote:
On February 8th, 2018, the Nano Core team was informed by Francesco “The Bomber” Firano — owner and operator of the BitGrail exchange — of a loss from the BitGrail wallet. Our team promptly contacted law enforcement and we are fully cooperating with law enforcement on this matter.

From our own preliminary investigation, no double spending was detected on the ledger and we have no reason to believe the loss was due to an issue in the Nano protocol. The problems appear to be related to BitGrail’s software.

We had no knowledge of BitGrail’s insolvency prior to February 8th.

In our conversation yesterday (which you can find attached.. adding back shortly), Firano informed us of missing funds from BitGrail’s wallet. An option suggested by Firano was to modify the ledger in order to cover his losses — which is not possible, nor is it a direction we would ever pursue.

BitGrail is an independent business and Nano is not responsible for the way Firano or BitGrail conduct their business. We have no visibility into the BitGrail organization, nor do we have control over how they operate.

We now have sufficient reason to believe that Firano has been misleading the Nano Core Team and the community regarding the solvency of the BitGrail exchange for a significant period of time.

We will not be responding to individual posts or accusations by Firano regarding this situation. We are preparing all information we have on the matter such as blockchain entries, screenshots, and chat logs and presenting them to law enforcement.

Please refer to our Twitter account @nanocurrency for future links to official statements.

Thank you,
The Nano Core Team
Some guy on reddit going an AMA that had 147k XRB or $1.4 worth on BitGrail - https://www.reddit.com/r/CryptoCurre..._the_bitgrail/

Opr

Last edited by Opr; 10-02-18 at 14:38.
Opr is offline   Reply With Quote
Old 12-02-18, 21:11   #270
Hitchhiker's Guide To...
Duncan F*****g Stewart
 
Hitchhiker's Guide To...'s Avatar
 
Join Date: Jan 2010
Location: South Cidre
Posts: 27,299
Seems the Telegram ICO 'gram' has already been prefunded with $850m from large investors. Public prelaunch coming up in March.
Hitchhiker's Guide To... is offline   Reply With Quote
Thanks From:
Old 13-02-18, 22:38   #271
digiman
Member
 
Join Date: Jan 2010
Posts: 1,713
Any thoughts on using Revolut to buy and store bitcoin?

My account got upgraded today to allow me to do Bitcoin transactions
digiman is offline   Reply With Quote
Old 15-02-18, 20:52   #272
Opr
OCD
 
Opr's Avatar
 
Join Date: Jan 2010
Posts: 4,671
Quote:
Originally Posted by digiman View Post
Any thoughts on using Revolut to buy and store bitcoin?

My account got upgraded today to allow me to do Bitcoin transactions
You aren't really buying BTC. You never actually own any BTC or have access to the keys associated with it. You have an IOU on Revolut, linked to the price of BTC.

It is probably a safe way of gaining exposure to crypto, without having to bother with storage of Bitcoin. I seen people complaining that the margin was quite high when selling maybe like 5% but maybe that has changed and I am unsure how they deal with any forks.

Opr
Opr is offline   Reply With Quote
2 Thanks From:
Old 16-02-18, 16:07   #273
Tar.Aldarion
Member
 
Tar.Aldarion's Avatar
 
Join Date: Feb 2010
Location: Dublin
Posts: 5,835
Send a message via MSN to Tar.Aldarion Send a message via Skype™ to Tar.Aldarion
Ripple coming to revolut:

__________________
Tar.Aldarion is offline   Reply With Quote
Reply

  Irish Poker Boards > Gambling > General Gambling

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On



All times are GMT. The time now is 04:01.