The Bitcoin, Blockchain, and Cryptocurrency Thread

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buksida
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Re: The Bitcoin and cryptocurrency thread

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China has been cracking down on crypto for over a year - nothing at all to do with a 'bubble'.
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Re: The Bitcoin and cryptocurrency thread

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In a posh Bangkok neighbourhood, residents trade energy with blockchain

BANGKOK, Aug 28 (Thomson Reuters Foundation) - Residents in a Bangkok neighbourhood are trying out a renewable energy trading platform that allows them to buy and sell electricity between themselves, signalling the growing popularity of such systems as solar panels get cheaper.

The pilot project in the centre of Thailand's capital is among the world's largest peer-to-peer renewable energy trading platforms using blockchain, according to the firms involved.

The system has a total generating capacity of 635 KW that can be traded via Bangkok city's electricity grid between a mall, a school, a dental hospital and an apartment complex.

Commercial operations will begin next month, said David Martin, managing director of Power Ledger, an Australian firm that develops technology for the energy industry and is a partner in the project.

"By enabling trade in renewable energy, the community meets its own energy demands, leading to lower bills for buyers, better prices for sellers, and a smaller carbon footprint for all," he said.

"It will encourage more consumers to make the switch to renewable energy, as the cost can be offset by selling excess energy to neighbours," he told the Thomson Reuters Foundation.

Neighbourhoods from New York to Melbourne are upending the way power is produced and sold, with solar panels, mini grids and smart meters that can measure when energy is consumed rather than overall consumption.

The World Energy Council predicts that such decentralised energy will grow to about a fourth of the market in 2025 from 5 percent today.

Helping it along is blockchain, the distributed ledger technology that underpins bitcoin currency, which offers a transparent way to handle complex transactions between users, producers, and even traders and utilities.

Blockchain also saves individuals the drudgery of switching between sending power and receiving it, said Martin.

For the pilot in Bangkok's upmarket Sukhumvit neighbourhood, electricity generated by each of the four locations will be initially used within that building. Excess energy can be sold to the others through the trading system.
If there is a surplus from all four, it will be sold to the local energy storage system, and to the grid in the future, said Gloyta Nathalang, a spokeswoman for Thai renewable energy firm BCPG, which installed the meters and solar panels.

Thailand is Southeast Asia's leading developer of renewable energy, and aims to have it account for 30 percent of final energy consumption by 2036.

The energy ministry has encouraged community renewable energy projects to reduce fossil fuel usage, and the regulator is drafting new rules to permit the trade of energy.

The Bangkok Metropolitan Electricity Authority forecasts "peer-to-peer energy trading to become mainstream for power generation in the long run," a spokesman told reporters.

BCPG, in partnership with the Thai real estate developer Sansiri, plans to roll out similar energy trading systems with solar panels and blockchain for a total capacity of 2 MW by 2021, said Gloyta.

"There are opportunities everywhere - not just in cities, but also in islands and remote areas where electricity supply is a challenge," she said.
http://news.trust.org/item/20180828095937-yg29h/
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Re: The Bitcoin and cryptocurrency thread

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Once again the major players seem to be in total control,an 800 dlr swing in 24 hours.
Any suggestions recommendations as to where the price might be heading now or the volatility will continue?
Do not believe anyone expected to see a major decline after 7200 seemed to be a stable level.
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Re: The Bitcoin and cryptocurrency thread

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It may well drop to $6k again, though I dont think that the Goldman announcement had as much to do with it as mainstream media is making out.
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Re: The Bitcoin and cryptocurrency thread

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As regulators legitimize crypto, Thailand eyes regional role
With Thailand liberalizing its stance on crypto-currencies, local commentators are asking if the country can now become a major regional center for blockchain.

http://www.atimes.com/article/as-regula ... onal-role/
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Re: The Bitcoin and cryptocurrency thread

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Super Rich: Popular Thai Foreign Exchange Chain to Add Cryptocurrencies
Superrich International Exchange, a popular foreign currency exchange chain in Thailand, has reportedly revealed a plan to begin offering travelers cryptocurrency exchange service in addition to 32 fiat currencies. The company has 49 locations in Thailand, one in Cambodia, one in Britain, and is also in talks with regulators to start operations in Laos.

Superrich International Exchange (1965) Co. has unveiled its plans to enter the crypto space, according to local media.

Having been in business since 1965, Superrich describes itself as “The best currency exchange in Thailand with 49 locations throughout the country and 2 in other countries, with 32 currencies available.” The chain consists of 43 locations in Bangkok, six in Thailand’s provinces, one in Cambodia and one in Britain. In addition, the company is in talks with the Laotian authorities to begin money-changing operations in the country, the Bangkok Post reported on Sept. 24.

https://news.bitcoin.com/super-rich-tha ... urrencies/
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Re: The Bitcoin and cryptocurrency thread

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A bit of background for those interested ... happy birthday Bitcoin.

Bitcoin Turns Ten: A Blast To The Past
Just shy of 10 years ago, on October 31st, 2008, Satoshi Nakamoto, the pseudonymous creator of the now-world-renowned Bitcoin project, sat down to release a technical paper on what is arguably the most important innovation in human history.

This paper, titled “Bitcoin: A Peer-to-Peer Electronic Cash System,” highlighted the world’s first decentralized network and a viable form of digital cash that was seemingly poised to usurp the powers that be — the government and centralized institutions.


Full story: https://www.newsbtc.com/2018/10/30/bitc ... -the-past/
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Re: The Bitcoin and cryptocurrency thread

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Well the junta knows how to put emerging tech to fill its coffers ...

Thailand Government to Use Blockchain to Tackle Tax Avoidance
The government of Thailand has announced plans to adopt distributed ledger technology to fight tax avoidance.

Director-general Ekniti Nitithanprapas said the Revenue Department intends to use blockchain to verify whether taxes were paid correctly and to speed up the tax refund process.

The head of the Revenue Department of Thailand has said that the use of disruptive technologies such as blockchain and machine learning for the purpose of improving the tax collection system was his priority, the Bangkok Post reported.

https://www.newsbtc.com/2018/11/06/thai ... avoidance/
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Re: The Bitcoin and cryptocurrency thread

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Thailand Uses Blockchain-Supported Electronic Voting System in Primaries
Thailand's Democrat Party has become the first political party to use blockchain technology to elect its leaders in a primary election, which was held from November 1–9, 2018. In a live e-voting system, more than 120,000 party faithful cast their votes in a transparent way that saw former Thai Prime Minister Abhisit Vejjajiva winning his party nomination with 67,505 votes.

Party members were able to vote using two methods. The first method was through voting stations that utilized a Raspberry Pi-based system. Voters were also able to vote via a blockchain-based mobile app that asked voters to submit their photo ID.

https://bitcoinmagazine.com/articles/th ... primaries/


Hmmm - transparent voting eh ... El Generalissimo could be fcuked.
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Re: The Bitcoin, Blockchain, and Cryptocurrency Thread

Post by T.O.M. »

The supporters of the Bitcoin here have gone very quiet......Wonder why?

"No, no....it is not a bubble, just a 'market correction" :duck:

Sorry guys....you are screwed....!!
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Re: Bitcoin mining and cryptocurrency thread

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Bluesky wrote: Fri Jan 19, 2018 4:18 pm
buksida wrote: Fri Jan 19, 2018 3:25 pm They have now seemed to rebound a little so has the bubble really burst?
You may very well be looking at what is commonly referred to as a "dead cat bounce" What you are possibly seeing is short sellers locking in some profit and coming out of the market (buying to cover short positions) Probably worth thinking about very carefully. There is nothing worse than trying to catch a falling piano should the bears continue their push.
Refer to my previous post Jan 19, 2018. Gypsies warning given. Bitcoin priced at 11851 USD . Technical 'death cross' passed on 1 April 2018 (April Fools day) price on close 6443 USD. current price spot 4439 USD.
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Re: The Bitcoin and cryptocurrency thread

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dundrillin wrote: Thu Aug 16, 2018 3:47 pm
buksida wrote: Thu Aug 16, 2018 2:09 pm Go back to the start of this thread and read on!
I am thinking that a lot has changed recently regarding fraud in its various forms. Is it safe to buy crypto currencies anywhere? Seems a bit of a minefield at the moment.

Thanks anyway for reply.
Choose wisely! Think about what you are buying or selling. Which way is the market going? long/short? DYOR (Do your own research)
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Re: The Bitcoin, Blockchain, and Cryptocurrency Thread

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T.O.M. wrote: Wed Nov 21, 2018 10:08 pm The supporters of the Bitcoin here have gone very quiet......Wonder why?

"No, no....it is not a bubble, just a 'market correction" :duck:

Sorry guys....you are screwed....!!
Not necessarily. If you bought in early 2017 you'd still be up 350%, if you bought in early 2016 you'd still be up over 900%. If you bought in early 2018 and needed to liquidate now you'd be screwed, timing is everything.

Look back at 2014 for a very similar market correction when Bitcoin dropped 75% and then recovered the following year, it has happened several times before and will happen again. A bit more perspective - in November of 2011, the price of Bitcoin hit $2, a 94% fall from its all-time high of $32.

This chart seems to explain price corrections better than I can...

longhaul.jpg
longhaul.jpg (80.05 KiB) Viewed 392 times
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Re: The Bitcoin, Blockchain, and Cryptocurrency Thread

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First four crypto exchanges granted official digital asset business licenses from Thai SEC, BX among them.

https://www.sec.or.th/th/Pages/News/Det ... ws_yy=2562

A big step forward for the industry in Thailand.
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Re: The Bitcoin, Blockchain, and Cryptocurrency Thread

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SET eyes digital licence

The Stock Exchange of Thailand (SET) plans to apply for a digital asset operating licence from the Finance Ministry, aiming to open a new exchange and become an authorised digital asset exchange this year.

The bourse wants to catch the growing investment trend of digital assets, said Pattera Dilokrungthirapop, chairwoman of the Association of Securities Companies and vice-chairwoman of the SET's board of governors.

Securities companies that are members of the SET plan to apply to become brokers and dealers for digital asset trade on the new exchange, Mrs Pattera said.

The bourse aims to cooperate with its members to set up the new digital asset exchange, she said.

If the plan becomes reality, the SET will be one of a few global stock exchanges to set up a digital asset exchange separately from a stock exchange.


https://www.bangkokpost.com/business/fi ... al-licence
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