Crypto tidbits

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The largest Bitcoin wallet that belongs to an unknown entity or individual recently moved 101,857 BTC, worth just over $933 million. The transfer was first noticed by automated crypto tracking service Bitcoin Block Bot on June 27.

Whales are too big to move without alerting the crypto community and when they move they leave us wondering. This approximately a billion dollar worth of Bitcoin moved and the fun part for me is always the transaction fee.
Yeah it cost $0.48 to do $933 transaction, for our non crypto friends this might seem shocking but it is real and we are used to this sort of transaction fees.
Further read: The most secretive Bitcoin wallet just moved nearly $1 billion

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The probe, carried out by Chinese news outlet Caixin found that Wuhan Kingold Jewelry, the largest privately-owned gold processor in central China’s Hubei province, used at least 83 tonnes of counterfeit gold as collateral for loans amounting to 20 billion yuan ($2.8 billion) from over a dozen Chinese financial institutions.

It look like Wuhan has got a reputation for the wrong reasons, Using $2.8 billion worth of fake gold as collateral, that is just unreal. So who can attest to the fact that the gold held in reserves are real? We are being lied to here and it is the masses that suffer from the unjust acts of leaders of nations.
I like the term digital gold when referring to Bitcoin. Here is another advantage of Bitcoin over gold, Bitcoin can not be faked. It is either a Bitcoin or go home!
Further read: Chinese firm dumps 83 tonnes of fake gold on the market

*We owe it to ourselves to make Hive great



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Some very interesting crypto news. Thanks for sharing.

*We owe it to ourselves to make Hive great

Not sure if the above is meant as an after thought or if meant in relation to the rest of the post about BTC.

If meant in relation to the rest of the post allow me to point out that DPoS and PoW are very much apples and oranges at this point. Both fruit if you will, yet very different. The unregulated trust which is intrinsically found in PoW is non-existent in DPoS at this stage of governance development. The recent HIVE/STEEM fork demonstrated, to me, that the present incarnation is broken beyond repair and as open to corruption as fake gold.

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We owe it to ourselves to make Hive great

It is more of an after thought I leave at the bottom of my posts. I feel we have a great tool in terms of blockchain and crypto to better the live of humanity and only us can utilize this tool to our advantage.

I never saw the Steem hostile take over coming too, I never expected that. If I have to choose between PoW and DPoS I will go with PoW no doubt.
The fact that a hostile take over happened on Steem dose not guarantee it will happen on Hive and yes there is a possibility it could happen in the future on Hive. We are still experimenting at this stage, we either use this tool to our advantage or destroy it and let our lives continue to be controlled by central authorities.

We will see how it all pans out...
Many thanks for your input.

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The fact that a hostile take over happened on Steem dose not guarantee it will happen on Hive...

My feeling is that the HIVE fork was exactly that, a hostile take over by the V.22.2 Cabal. It was not about the technology itself as not even witness vote retention was addressed. What was addressed was the potential threat to the consensus witnesses of the time. The narrative was the need for more decentralisation, yet even with STINC's stake hidden in the slush fund on HIVE's SPS system the decentralisation seems to have been a red herring.

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Interesting perspective, what do you think can be done for a better DPoS like Hive? I will like to look at the solution side here.
Having a social platform on PoW will be awesome, do you think we will see such in the future?

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Dear new member of HIVE, you have made a big mistake by signing up here. Here on this Blockchain you are surrounded by abuse of power and the greed of some who determine what happens here.

If you publish here, make sure that you publish only what is beneficial to the owners of the assets on HIVE. You must never express your own opinion or criticize anyone. If you do, the powerful will destroy your account and take every cent from you.

You will soon find out that you only earn a few cents here. Others, on the other hand, sometimes get extremely rich. Look around, you'll soon find that some people get 2 or even 3 digit $ amounts for small contributions, but you don't even get 50 cents.

Here's an example of a witness with his powerful friends called @pfunk destroying a small account of a non-profit organization and destroying all donations. He has disadvantaged and socially weak handicapped persons, seniors but also people who raise a child alone, harmed very much. Surely you do not want to support such a block chain that allows such a thing. Do you? In the contributions all data, inclusive registration with the court - address and further data are listed. You see this is an official charity.

You can read the contributions in which this witness expressed himself here. As you can see he tried to destroy the contributions, but you can still see them.

https://hive.blog/deutsch/@nesomi/hive-the-blockchain-of-cold-hearts-and-egomaniacs-hive-the-blockchain-of-coldhearts-and-egomaniacs

https://beta.peakd.com/hive-181465/@opidia/a-very-unhappy-account-on-hive

I know you'd like to earn a few cents too. That's why I'd like to show you some alternatives

Hive was originally the Blockchain Steem. Steem is still the bigger and much more active chain. There you can get a free account from me including a delegation of power that is on the account. Just enter as a comment - Steem account and I will get back to you. https://steemit.com/

At the beginning of July Voice ( voice.com ) will end its beta phase and be available worldwide. There will be no powerholders like here. A capital of 150 million US $ was made available there. I think this system will be very successful.

With these comments, I welcome every new member on HIVE. I have access to hundreds of accounts and you can't turn that off.


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