Category Archives: Opinion

Coinbase account terminated

On June 11th I received an email from Coinbase about account problem. I login to my Coinbase account to see this message:

NOTICE OF ACCOUNT CLOSURE
Unfortunately, we had to close your Coinbase account. Before your account can be closed, you will need to withdraw your digital currency to an external wallet and any other funds (such as USD) to a bank account associated with your Coinbase account. Please take precautions when transferring digital currency to an external wallet, as transfers outside of Coinbase are irreversible. Please also be sure to delete any external references to digital currency addresses generated by Coinbase, as funds sent to those addresses will not be accessible once the account is closed. If you have any questions you may visit https://support.coinbase.com.

I quickly submitted a support ticket

My message: “Hi, i see my account is being closed, i had no warning and i’m not exactly sure why this is happening, can you please explain?”

Coinbase reply: “Thanks for contacting Coinbase Support. I’m sorry to hear your concern regarding your account closure. Let me help you with this one.

Our primary goal is to make our platform safe and secure for our customers. Coinbase is a regulated Money Services Business under FinCEN (FinCEN.gov), and as part of our responsibility, we are legally obligated to implement regulatory compliance mechanisms.

We regret to inform you that we are no longer able to support your Coinbase account as well as any other accounts you may have created. Please note, we have not blocked access to the balance currently in your Coinbase account; while we can no longer process brokerage orders via our banking relationship, you may still send your balance offsite to an external address.

There are a variety of factors which have been weighed in your case, and we unfortunately are unable to elaborate on our internal decision process. Please know that we do not make these decisions lightly, and do regret losing you as a customer.

We wish you all the best in your future endeavors. Thank you for your understanding. Please reply to this email if you continue to have issues or need help with anything else. Take care and have a nice day ahead.

Best regards,
Ron”

I have since seen more people had accounts closed on this Reddit thread including GAB & Wikileaks.

Coinbase, what has happened to you, terminating legitimate 5 year old customers accounts, and more importantly not giving any reason!!! bad bad.

Roger Ver Bitcoin lies

Roger Ver claims Bitcoin has up to $50 transaction fees, he still claims this TODAY in 2018. I hate to see these lies he is spreading. If he’s using a fair argument and fighting fairly, I would respect that, but he is not.

I am sending 1 BTC today,

$0.33 cents to send 1 bitcoin that’s equal to $8,342

Hey “Roger the liar” can you please tell me where you’re seeing high fees? By the way, you also have the option to send at “economy” level for only 1 sat! (1 cent, $0.01 USD fee)

Sleazeball

Roger Ver = liar, fraud, scammer

Bitcoin Cash = bcash

Preparing for Bitcoin Private fork (BTCP)

Bitcoin Private fork is coming Feb 28, 2018. Each Bitcoin (BTC) holder and Zclassic (ZCL) holder will receive 1:1 Bitcoin Private (BTCP). So you better get prepared if you plan on claiming your forked coin.

Here is what we have so far:

KuCoin has announced support for the BTCP fork. KuCoin is a fairly new exchange and an active supporter of many Bitcoin forks. They have given users BTCP already, opened markets for a few days, but now they say they will not support trading of BTCP anymore.

TradeSatoshi has announced support for it.

Nanex.co Just added BTCP/NANO trading pairs today.

Binance, BitcoinPrivate announced on Twitter they have submitted application at Binance to get listed. A rep from Binance told me “Right now not support”. So make your own decisions.

HitBTC has announced they’ll be listing BitcoinPrivate for trading, but no confirmation about distributing BTCP coins to BTC holders.

Bittrex, many people seem to believe Bittrex will be supporting the fork since they do have both BTC & ZCL pairs there. Bittrex announced they’ll help ZCL holders get their BTCP but they will not be crediting to BTC holders

There have been no other announcements regarding any other exchanges that I’m aware of.

Find more information on their website BTCprivate or Twitter page here.

Is Litecoin Cash really a scam?

Everyone in the crypto space is aware of the recent Litecoin pump, some say due to the announcement of Litepay, some actually think part due to the upcoming “fork” of Litecoin called Litecoin Cash (LCC).

Charlie Lee posted on Twitter saying LCC is a scam:

PSA: The Litecoin team and I are not forking Litecoin. Any forks that you hear about is a scam trying to confuse you to think it’s related to Litecoin. Don’t fall for it and definitely don’t enter your private keys or seed into their website or client. Be careful out there!

Since on the topic of scams, any fork of Litecoin, calling itself Litecoin something or other, is a scam IMO. Litecoin Cash, Litecoin Plus, Litecoin *… all scams trying to confuse users into thinking they are Litecoin.
This also applies to all Bitcoin forks trying to confuse.

But with the way he’s wording it on his tweet, I believe he means it’s more of a theft, as in intentional branding theft of Litecoin and misleading crypto investors rather than actually scamming users for their Litecoins. Also there is no reason for a fork of Litecoin, it’s completely unnecessary and for that fact some may call this a cash-grab by the creators of LCC, or even call it scammy.

This is just my opinion, read more about the Litecoin Cash “fork” or whatever you want to call it, on the Bitcointalk thread here.


Price Prediction for Litecoin Cash

Lets say a 1:1 fork coin would roughly be a 10th of price of Litecoin, so at current rate we’ll say $22, but since LCC distributing 10:1 I think it’s safe to assume a 10th of that, which would put it at $2.20 according to my estimation.

I still believe since the fork is basically useless, maybe worth a minor pump off the bat, or a dump as people trying to rid of their received coins, my overall guesstimate would be $0.75 – $1.50 per 1 LitecoinCash (LCC).


Supporting Exchanges

So far only one crypto currency exchange has made any specific statement about possibly supporting the Litecoin / LitecoinCash fork. Mercatox exchange had this announcement today:

LTC processing upgrade
Mercatox is performing a scheduled LTC node system and processing upgrade The upgrade will take approximately few days. Mercatox will suspend withdrawals of LTC during this period. We apologize for any inconvenience caused, and thank you for your patience. Also we will cancel all stacked withdrawals and will ask you to order it again.
We will do our best to accept the upcoming fork which should occur on or around February 19th, 2018 and fund your accounts with LCC.
Thank you for staying with us. SOURCE
Mercatox Team

UPDATE: Yobit, TradeSatoshi, Crypto Bridge, SouthXchange and MeanXTrade all announced support of LCC.


More facts about LitecoinCash

Site: https://litecoinca.sh
Exchanges: Mercatox, Yobit, TradeSatoshi, Crpyto Bridge, South Xchange & MeanXtrade
Fork date: approx Sun February 18, 2018
Block height: 1371111
BitcoinTalk thread: https://bitcointalk.org/index.php?topic=2876538.0;all
Twitter page: https://twitter.com/LitecoinFork
Reddit: https://www.reddit.com/r/LCCofficial/
Interview with Litecoincash team member

Sleazy “Bitcoin is dead” advertising

Bitcoin is dead adverts, sleazy, scammy, scummy

An article at UndergroundFinance by Jeff Brown claims “bitcoin is dead” and this Jeff character boasts about how he supposedly “called it”, predicting shit correctly, which is obviously bullshit that is trying to get people to entrust in himself and his article. UndergroundFinance/JeffBrown are paying top dollar to get their bullshit, deceptive adverts all across crypto related sites like Coin Market Cap (coinmarketcap.com). I would advise against clicking any adverts by: UndergroundFinance, Jeff Brown, or Bonner And Partners (bonnerandpartners.com). Really terrible, sleazy and deceptive marketing practices, shame on you dbags 😡