LITECOIN FOUNDER CASHES OUT, SELLS ENTIRE STAKE AFTER 9,300% RALLY
December 20, 2017 by JoeSTP – Zero Hedge – by Tyler DurdenCharlie Lee, the creator of the world’s fifth-biggest cryptocurrency, Litecoin, announced shortly after midnight that he was cashing in his profits after a torrid, 9,300% rally in the past 12 months. In a post on reddit, the San Francisco-based software engineer who founded litecoin in 2013, said that he sold and donated all of his holdings over the past few days..“Litecoin has been very good for me financially, so I am well off enough that I no longer need to tie my financial success to Litecoin’s success.
For the first time in 6+ years, I no longer own a single LTC that’s not stored in a physical Litecoin” Lee said in the post..Lee explained that his liquidation was aimed at preventing a “conflict of interest” when the creator of what is known as “Bitcoin Silver” makes comments on twitter about the digital currency – something he tends to do with chronic zeal – that could influence its price, he said. That said, Lee declined to comment in the post on how many coins he sold or at what price, and asked readers to please “don’t ask me how many coins I sold or at what price. I can tell you that the amount of coins was a small percentage of GDAX’s daily volume and it did not crash the market.”
BITCOIN.COM CO-FOUNDER SELLS HIS BITCOINS FOR ANOTHER CRYPTOCURRENCY, CITING RISKY INVESTMENT
INQUIRER.net / December 19, 2017 – Bitcoin.com’s co-founder and chief technology officer Emil Oldenburg has reportedly sold off all his Bitcoins (BTC) and cashed in on Bitcoin Cash (BCH). Oldenburg believes investing in Bitcoin right now may be the riskiest type of investment that a person can make, as stated in his interview with Swedish tech site Breakit via Business Insider...
He noted the 12-hour lead time to process transactions and the expensive transaction fees as one of the signs that BTC may not have a pleasant future ahead as an everyday currency. Imagine buying something from a convenience store with BTC and the store has to wait 12 hours before the customer’s payment goes into their store account...
Oldenburg says no real change would take place because of the stand of the people currently running the “old” bitcoin network. Bitcoin.com’s co-founder and chief technology officer Emil Oldenburg has reportedly sold off all his Bitcoins (BTC) and cashed in on Bitcoin Cash (BCH). Oldenburg believes investing in Bitcoin right now may be the riskiest type of investment that a person can make, as stated in his interview with Swedish tech site Breakit via Business Insider.
He noted the 12-hour lead time to process transactions and the expensive transaction fees as one of the signs that BTC may not have a pleasant future ahead as an everyday currency. Imagine buying something from a convenience store with BTC and the store has to wait 12 hours before the customer’s payment goes into their store account. Oldenburg says no real change would take place because of the stand of the people currently running the “old” bitcoin network..
”[They] want things this way. They see bitcoin as a digital gold and a technical experiment, as opposed to something you can actually use,” he said. Bitcoin.com is considered one of the largest bitcoin websites, offering a variety of Bitcoin related services. But Oldenburg says their site has begun to move away from bitcoin to focus more on BCH. Bitcoin Cash is a spinoff cryptocurrency of the original Bitcoin.
He believes BCH will eventually become the digital currency for everyday use that people have been waiting for. Oldenburg points at the larger block size limit of BCH as an advantage over BTC. BCH has an 8-megabyte block size limit, while BTC only has 1-megabyte. He says the larger block size limit would lead to lower transaction fees and a more liquid investment. Alfred Bayle/JB
Written By: Michael Snyder December 27, 2017 – Never underestimate the power of the global money cabal, which is most powerful and self-interested lobbying group in the world. They will not walk away from their monopoly, nor will they give up on their prime directive to create a new economic world order, aka Technocracy. TN
Editor.Independently-controlled cryptocurrencies such as Bitcoin, Ethereum and Litecoin may or may not survive in the long run, but blockchain technology is definitely here to stay. This technology has revolutionized how digital financial transactions are conducted, and it was only a matter of time before the big boys began to adopt it. Previously, I have written about how the Washington Post is hyping something known as ‘Fedcoin’, but Fedcoin does not yet exist. However, a digital currency that uses blockchain technology that is called ‘Utility Settlement Coin’ is actually very real, and it is currently being jointly developed by four of the largest banking giants on the entire planet.
The following was recently reported by Wolf Richter….UBS, BNY Mellon, Deutsche Bank, Santander, the market operator ICAP, and the startup Clearmatics formed an alliance in 2016 to explore the use of digital currency between financial institutions and central banks, using blockchain. The ultimate goal of the project is to create a digital currency known as Utility Settlement Coin (USC), which will facilitate payment and settlement for institutional financial markets..I decided that I had to know more about Utility Settlement Coin, and so I decided to go to the source.
This is what the official Deutsche Bank website says about Utility Settlement Coin….USC is an asset-backed digital cash instrument implemented on distributed ledger technology for use within global institutional financial markets. USC is a series of cash assets, with a version for each of the major currencies (USD, EUR, GBP, CHF, etc.) and USC is convertible at parity with a bank deposit in the corresponding currency. USC is fully backed by cash assets held at a central bank. Spending a USC will be spending its paired real-world currency.
December 1, 2017 / October 3, 2017 – By J.L. Yastine
Cryptocurrencies have been all the rage. And it’s no wonder when cryptocurrencies like Ethereum shot up 2,740% … digital cash surged 1,092% … and Bitshares jumped 1,446%..
And while more money might be made as the cryptocurrency market grows into an estimated $200 billion industry, there’s a much more lucrative place to make money..
An industry set to explode a full 8,000% … surging from $235 billion to $4 trillion in the next four years.
That’s why one former hedge fund manager – Paul Mampilly – isn’t recommending a single cryptocurrency to his 100,000-plus readers..
“Cryptocurrencies are in a massive bubble. They are too risky,” Mampilly says. “There’s a new, emerging industry that will mint more millionaires than any other investment in history. More than bitcoin, more than marijuana, more than biotech … combined.” One should heed Mampilly’s insight.
CRYPTOCURRENCIES COMING TO ROTHSCHILD OWNED BANKS DON’T FALL FOR THE SCAMS
CRYPTOCURRENCY IS NOT GOING AWAY
Its decentralized and global. The US can’t stop it. People get hooked on it. It is the greatest invention since Internet. 5G The global race to 5G wireless networks. https://www.youtube.com/watch?v=xexK5UUFQqw
CRYPTOCURRENCY REVOLUTION (COMPLETE FILM) Frank Giustra, Frank Holmes & Marco Streng Bitcoin Doc – https://www.youtube.com/watch?v=YwtEUD2crwA
ISRAEL: CENTRAL BANKS ARE CONSIDERING DIGITAL
Image: FILE PHOTO: An Israeli flag flutters outside the Bank of Israel building in Jerusalem August 7, 2013. REUTERS/Ronen Zvulun/File Photo
[Ednote: I visited Israel in in 2006 and 2007 and dollars were off the table due to fluctuation of value. Not surprised at this.]
DIGITAL ASSET CONVERSION
WIPO Patent Application WO/2017/132333 – January 26, 2017
Abstract: A method of converting digital assets into a transaction currency is described that it suitable for use in a transaction system that is not adapted for transactions using the digital assets. The digital assets are stored so that they can be used with one or more exchanges adapted for conversion of the digital assets into the transaction currency. A balance in the transaction currency is established for use by a payment device. Rules are established for maintaining the transaction currency balance. When required by the rules for maintaining the transaction currency balance, digital assets are converted into the transaction currency at the one or more exchanges for maintaining the transaction currency balance in the transaction currency for use by the payment device. A suitable service is also described.
Inventors: GOLOSCHUK, Vladimir (2000 Purchase Street, Purchase, NY, 10577-2509, US)
Filing Date: 01/26/2017
Assignee: MASTERCARD INTERNATIONAL INCORPORATED (2000 Purchase Street, Purchase, NY, 10577, US) – http://www.rumormillnews.com/cgi-bin/forum.cgi?read=89125 /
By Daniel Ameduri on December 11, 2017 Trend Articles
APPLE IS GETTING EVERYONE PREPARED FOR IT…
[Satan pays well: Apple CEO Tim Cook Earned $102 Million in 2017December 27, 2017 PST by Juli Clover – In fiscal 2017, Apple CEO Tim Cook received a salary of $3.06 million plus $9.33 million in bonuses and stock worth $89.2 million for a total compensation package of approximately $102 million, reports Bloomberg. The data was shared today by Apple in a proxy statement filed with the United States Securities and Exchange Commission ahead of the company’s annual shareholders meeting, which will take place on February 13, 2018 – https://www.macrumors.com/2017/12/27/apple-ceo-tim-cook-102-million/
EXPLAINING ACCHAIN CRYPTOCURRENCY AND THE MARK OF THE BEAST Lynette Zang – Aug 23, 2017 – https://www.youtube.com/watch?v=cKNVeJLBpfs
THE BIBLE SAYS THIS IS EXACTLY HOW IT WOULD LOOK BEFORE THE END (2017-2018)386,940 views https://www.youtube.com/watch?v=hWe62uHpikY
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