Ira's case for half a million Bitcoin, is completely dependent on alleged "secret evidence", that he claims is inside Craig's trust. And that Craig must provide it to him, so he can make his case because no other evidence exists. But isn't the burden of proof on Ira??
We all know there will only ever be 21 million bitcoins, but did you know there are roughly 47 million millionaires in the world? That leaves only about half a bitcoin per millionaire, and none for anyone else!
Can BSV hard-fork away from Craig if he does something truly idiotic like decide that the ruling that he owes Ira Kleiman half a million Bitcoin means BSV needs to fork the Satoshi coins over to him in order to remain compliant with the law?
I've heard it stated a lot by u/H0dl in particular, that CSW's insanity is not an existential threat to BSV because BSV can just hardfork away from him. Unlike with most BSVers, I actually believe him when he says he'd support a fork away from Craig if he does something absolutely galaxy-brained like forking BSV so that he can pay Ira Kleiman half of his Satoshi's BSV. The first problem with this scenario is I'm not sure it wouldn't be celebrated by the bulk of BSVers. The whole thing can be spun by saying that since Craig lost the Kleiman suit and has been ordered to pay Kleiman, that's the same as a court deciding that ownership of half the coins goes to Kleiman. Craig himself has argued repeatedly in blog posts that private keys do not establish ownership, only the law does. So since Craig doesn't have access to his keys (courier didn't show up) all Bitcoin forks that are compliant with the law must fork to give Craig access to these keys. BSV, as the only law-abiding chain, would be the only one to fork. Why wouldn't BSVers celebrate this? That would "prove" everything Craig's been saying about him being Satoshi, private keys, Bitcoin ownership, and the law-abidingness of BSV. If BSV forked like this and any part of the community rejected the fork, that part of the community would lose access to Craig's "oh so valuable" patents, the various businesses Coingeek and nChain have in their pocket, and any and all funding from Calvin Ayre. That would be a giant blow. How does a minority fork of BSV, which is itself a minority fork of another minority fork, BCH, survive this scenario? Inquiring minds want to know.
Square sold over half a billion dollars worth of bitcoin in 2019, outpacing broader crypto exchange volume growth in Q4. Square volumes were more inline with Binance U.S. which saw ~$250 million worth of bitcoin volume in 4Q.
02-23 13:25 - 'What is 1% of 7.7 Billion? I’ve just shown you it’s 77million right. / And 23million as in 23 with 6 zeros (you know a million) is not a lot out of 7.7 Billion is less than half a percent. / Did you do maths at school?' by /u/creepyMTF removed from /r/Bitcoin within 162-172min
I just bought 50 Bitcoin (BCH) ATM machines for a bit under half a million dollars. Thanks to our purchase the manufacturer has agreed to roll out BCH support to their existing 1000+ machines world wide! -- Roger Ver
Bitcoin confession: I lost half a million euros because of a keylogger.
This was December 2017. I had around 30 btc plus 20 ETH and was managing funds from three other friends which were around 30,000€ at that time. I had most funds in a ledger nano, and a few erc20 tokens and eth in metamask and mew. I had caught the huge wave of Tron and had held btc since 600€, put myself in debt for it. I remember importing my ledger to electrum and entering the seed. Few days later, everything was gone. Someone was probably monitoring me for long and my antivirus software never found any keylogger. I looked to the other accounts, also gone. This was around 18 December I think. I entered a spiral of depression and shame. I couldn't believe it. I wanted to die. Fast forward to today, after painfully telling my friends their funds were stolen and getting back on track financially, even barely, I feel like I can do this again and have picked one currency to invest and safely store. Moral of the story, even if you are computer and crypto literate, huge shit can happen. Stay safe. I learned a lesson.
@NPR: "People who are using phones as their only source of two-factor identification are inviting identity theft," says Gregg Bennett. SIM-swappers used his number to access his Bitcoin account and steal 100 Bitcoin — about half a million dollars at the time. https://t.co/ltSAMQIgo9
Is it true that it only costs ~ half a million dollars to rent enough computational power to 51% attack the bitcoin network? Even if this figure is off by a factor of 10 or whatever, isn't it likely that the Federal reserve would consider such a method to damage bitcoins reputation?
I'm trying to understand what measures, if any, the central banks of the world might attempt to try to keep their control and power of the fiat system. This is not an attempt to bash crypto, I'm simply intrigued and curious about what steps the central banks of the world might take to try to preserve their power during the advancement of cryptocurrency. If this particular concern of renting hash power is not concerning to you, are there other concerns about ways that the governments of the world might attempt to hinder or limit cryptocurrency? Or do you think they have absolutely no power to do that? Certainly they can spin the media, but I'm curious about more direct approaches they might take, whether it be legislation or direct intervention of some other sort.
Jack Dorsey's payments company Square has now recorded Bitcoin revenue of $178 million between October first and the end of 2019, with gross profits of $3 million. This represents an increase of In 2016, bitcoin’s block reward was cut in half, for example. Within just over a year, bitcoin had reached its all time high price of $20,000. Now, Teeka Tiwari expects something similar to happen after May 12, 2020. The 5 Coins to $5 Million webinar on May 6 is your last chance to learn about the halving – and how to take advantage. Moreover, the amount of bitcoin released in each of those blocks is reduced by half on an every four year schedule. Key Takeaways There are only 21 million bitcoins that can be mined in total. Originally, those mining for bitcoin BTCUSD, -0.01% were rewarded with 50 coins every 10 minutes, but that reward was cut in half to 25 bitcoins in 2012 and to 12.5 in 2016. When will the halving How Bitcoin of America’s Compliance Program Made Possible the Restitution of Half a Million Dollars to Fraud Victims. With over 11 Million Bitcoin.com Wallets created, we’re building new
John McAfee : Bitcoin Will Reach Half A Million Within 3 years
John McAfee has predicted that Bitcoin will reach a value of $1m by 2020 and that he'll eat his own dinkle if he's wrong. McAfee had previously pledged to nom-a-knob if it reached half a mill, but ... Bitcoin halving means that the amount of bitcoin received by miners for helping to secure the network and authenticate transactions is cut in half. Just imagine you were to take a pay cut at work ... Some bitcoin technical analysis and historical bitcoin price. ... was actually made before 2016 so it says will take place but it already happened but in 2016 it dropped 12 and a half and the next ... John McAfee : Why Bitcoin Will Reach Half A Million Dollars Within 3 Years. States "I will eat my own dick on live TV if Bitcoin doesn't reach 500k within 3 years". CRYPTONOOBS CLICK HERE - https ... $1.6 billion was invested in institutional-focused Bitcoin and crypto custody services according to the Block Crypto research. Between 2012 to 2020, $ 1.6 billion was invested over 46 deals in ...