Bitcoin Thread

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Small block what you gonna do
Probably a 800mb baglog

Edit them old pi nodes are gonna fall over i think
 

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Speedster said:
Reports on this are a bit sketchy, but it looks like this is just their US operation. The rest of bittrex seems unaffected.
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Unaffected unless the flurry of attempts to drum up new business on any Telegram group that they can.
 
Fulcrum29 said:
Chapter 11 is an odd exit given that they are under investigation in the US
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as someone who fell for the Celsius scam I can confirm chapter 11 is the perfect way for execs in these companies to cover their asses

all those pending legal actions against them will have to wait while ch11 drags on forever and a day until every last cent of assets gets spent on legal fees

nothing else gives them better protection from their own actions (and crimes in some cases)
 

Goldman, Microsoft, Cboe and Others Team Up to Launch Blockchain Network​

A group of firms including Goldman Sachs Group Inc, Microsoft Corp, Deloitte and Cboe Global Markets Inc are joining a new blockchain system aimed at linking disparate institutional applications, potentially encouraging broader adoption of distributed ledger technology in financial markets.

Participants in the Canton Network, which will start testing some features in July, say the system offers better privacy and controls than currently available. At the same time, it will achieve a scale and standard appropriate for financial institutions, according to a statement released by the companies on Tuesday.
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Some of those parties have experience creating blockchain systems, but it seems like they are now aiming to take control of a blockchain with government backing.

This in the light of Ripple making headway...
 
leon.davibe said:
But with low hash permissioned mining it can be rewritten

Decentralised like btc not so much
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This is actually a very good answer.

With that said, it then re-affirms Ripple and XRP's positioning - correct?
 
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Kumi_2020 said:
This is actually a very good answer.

With that said, it then re-affirms Ripple and XRP's positioning - correct?
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Ripple is just exactly the same as these imo permissioned

And then xrp is just their nft like cash grab. Happily taking advantage of many peoples misunderstanding that xrp=ripple
 
leon.davibe said:
Ripple is just exactly the same as these imo permissioned

And then xrp is just their nft like cash grab. Happily taking advantage of many peoples misunderstanding that xrp=ripple
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Fair point - it is a mis-understanding for most I believe as XRP is the digital asset of Ripple.
 
Kumi_2020 said:
@leon.davibe would you not agree that Ripple is definitely a way forward vs Swift?
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Pretty sure any crypto with consistently low fees would make life alot easier

The notion of in this day and age waiting a day or more for a payment is just silly

The problem though is throughput for any real world use block restrictions that can cause a ramp up of fees would prevent adoption

or a transaction limit would mean eventually we have a waiting list back to next day payments

But the banking system is catching up

And eventually won't need any of these , just running their own blockchain with all banks players on their own network

Toying with new systems so one day we will be able to do a payment and have it reflect as if same bank

But yea i think these will always have a place , ie CBDC many wont want ie government would track your every move
 
Fulcrum29 said:
Shame, I pity these 'investors', more people sunk by FTX,

https://twitter.com/x/status/1656706653801136132

bankruptcy wins.
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Here, I am tempted to quote Monica, although the attached article is just wrong. Perhaps ChatGPT got the wrong end of the stick? ;)

The article in CoinDesk gives exactly the opposite story.

BTC held in custodial wallets will be returned to customers. The ruling was that “The court finds that all digital assets held by the debtors in omnibus wallets are indeed client property, and not property of the bankruptcy estates, subject, course, to possible avoidance and clawback rights,”

However, BTC transferred to and held in the BlockFi interest bearing accounts were the property of the estate and would not be returned to customers. "No transfer request by customers between the BIA and the custodial wallet accounts initiated after 8.15 pm on November 10, 2022 were effectuated and completed,” (CoinDesk May 11, 2023 at 5:04 p.m.)
 
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