Topic: [ANN] [BSV] [Bitcoin SV] Original Satoshi Vision - page 81. (Read 226361 times)

Its simple math: Coingeek owns the clear majority of BSV's hash rate.

Coingeek: 41.67%
SV Pool: 18.06%

Total: 59.73%

You're going to have to troll harder next time if you want me to respond any further.

Its simple math: Coingeek owns the clear majority of BSV's hash rate.

Coingeek: 41.67%
SV Pool: 18.06%

Total: 59.73%

You're going to have to troll harder next time if you want me to respond any further.

You're talking about trolls dominating the crypto space while unironically linking a coingeek article. That's rich. This is pretty much what I think of whenever I heard the name "coingeek":


Craig has zero. Here's why Calvin doesn't throw more hash power at SV, its already embarrassingly centralized:

Wow, Squire Mining plans for power outage and BTC’s hashrste flash crashes 40% yesterday. How much hash do Craig and Calvin have?  

https://twitter.com/gannvan/status/1176441875332382720?s=21

There is always the option of boycott, other wallets exist, like https://simply.cash/
If major issues WeiBlock.app would be full of complaints

Nice scam, make a wallet that doesn't allow withdrawals thats one way to burn coins out of the exchanges.

if we no longer have the right to dream, then where the world is going

^ oh they're scared of Libra? that's hilarious. we aren't lol. it's a shitcoin. like bsv

The Fed is rushing 53 billion dollars of liquidity into the financial system.

Markets were caught in a "perfect storm" on Tuesday, forcing the U.S. Federal Reserve to intervene for the first time in ten years.
This is the kind of emergency response that brings back bad memories, those of the 2008 financial crisis. The US Federal Reserve (Fed, central bank) was forced to inject $53 billion (€48 billion) of liquidity into the financial system on Tuesday morning to contain the level of interest rates on the repurchase market.

This market allows cash-strapped institutions to find the funds they need to spend the night, by temporarily selling securities in exchange, most often treasury bills. Repurchase operations are low-risk and are financed at rates that are expected to move in the same direction as those of the Fed, within a range of between 2% and 2.25%.

But these repo rates have tightened sharply, reaching 6% on Monday afternoon and 10% on Tuesday morning. Financial markets have been caught in what the Financial Times calls a "perfect storm", forcing the Fed to intervene for the first time in ten years. Clearly, there was no longer any money at a reasonable price and the Central Bank of New York had to make 75 billion dollars of liquidity available urgently (53 billion dollars were consumed).
There are many explanations: first, American companies had to pay their taxes on September 15, which reduced the amount of dollars available. Then, the U.S. Treasury, whose deficits are soaring, held auctions that were supposed to be settled on Monday for $78 billion, and the banks, by subscribing to them, had to consume their reserves in dollars. Finally, the same Treasury had an extremely low level of reserves with the Fed ($184 billion on September 11, compared to an average of $400 billion since 2015) and it would have been tempted to increase the level of its bank account after the debt ceiling was raised by Congress.

This would explain the crisis. According to a source close to the central bankers, it is assured that this is a technical problem and that there are no hidden wolves. Rates had returned to their normal level on Tuesday afternoon.
Nevertheless, the case raises concerns, as the Fed closes its two-day meetings on Wednesday, September 18. A debate is starting to take place as to whether there is enough liquidity in the financial system.

Since the 2008 crisis, the Monetary Institution had bought the banks' claims (the famous quantitative easing) to maintain liquidity in the markets, but it has since reversed its course and reduced the number of securities in its portfolio. As a result, banks have less cash reserves available from the Fed (USD 1,300 billion compared to USD 2,900 billion in 2014), making them more vulnerable to a sudden need for liquidity. Interventions of this type were frequent before the 2008 crisis," says French economist Thomas Philippon, a professor at New York University.

Finally, the Financial Times explores a final possibility, that of the recent ups and downs on the black gold market that could have created a market effect. In addition, there is the problem of Saudi Arabia, the kingdom being partially deprived of dollar revenues with the temporary paralysis of its oil installations. To meet its expenses, Riyadh could have drawn on its dollar reserves.

In any case, the case shows the nervousness of the financial markets despite the accommodating policy of the central banks.


Let us look at it positively, these 53 billion will most probably be squandered in the crypto world BSV - CLOAK - CROWN and others...

Its indeed created like any other ICO, just with long sale period...but then again, big chunk of BCH and BSV is created the same way...out of thin air,
piggybacking on BTC success

Now fraudtoshi aka Craig Wright writes shit about Hal Finney

https://twitter.com/MyLegacyKit/status/1173953365342117893 (thanks again to Arthur Van Pelt)


Finney was arguably the major contributor to PGP, so his coding skills were top notch.

See what he wrote about Bitcoin, and we KNOW he mined Bitcoin very early.



What did Satoshi think about Finney ?


Two humble ultra skilled coders with mountains of respect for each other. Just the opposite of the fraud wannabe Satoshi.