Monitoring the Crypto Bubble

Where do you think we are in the crypto bubble?

  • Total voters
    146
I'd feel safer keeping my money as Binance tokens. Think Google in the late 90's. Binance is the equivalent plus tenfold over the next decade in terms of functionality.

Google will look like the first mobile phone by then. A brick with an antennae.
 
Jim4silver said:
It seems like everyday there is another story about people owning cryptos and getting screwed. Hard to believe so many smart people think cryptos are the wave of the future. Perhaps someday when a country creates or adopts a crypto system it will be more secure?

Right now you'd be safer keeping your $$$ in a US bank and being over the FDIC limit (about the worst example of keeping your $$$ safe I can think of). For the record, I don't have any crypto nor over the FDIC limit personally.

https://www.cnet.com/news/crypto-founder-dies-taking-only-password-and-190m-with-him/
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Why can’t they design a crypto whose ownership can be tracked publicly just like domain names? If domain names are stolen they can easily be returned as all ownership records are public.
 
domain names are centralised and managed by a central registrar, something crypto is not.
 
sgbuyer said:
Why can’t they design a crypto whose ownership can be tracked publicly just like domain names? If domain names are stolen they can easily be returned as all ownership records are public.
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Wouldn't be a blockchain if you could just take tokens off someone... who would decide the owner / moderate this process of token retrieval?
 
Take the Nano saga over at BitGrail. Some calling for a fork so that owners can get their lost tokens back as a new token, others rightly arguing that this is exactly the sort of executive interference we don’t want.

I unfortunately agree with the latter, even though I was a victim of the theft. Expensive lesson to learn.
 
^ the market would have something to say about that though = mass devaluation if the devs ever did something like that.

Binance is an exchange, they’re not issuing new coins or forking.

Edit to add: and I think it’s impossible to confiscate assets as all Binance stores is records of transactions on a blockchain. They can freeze them and that’s about it. In fact no one possesses any crypto, the only thing in a wallet is a record of a transaction ie a copy of a line in a ledger.
 
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Bullion Baron said:
Wouldn't be a blockchain if you could just take tokens off someone... who would decide the owner / moderate this process of token retrieval?
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Never had this problem with domain names. There are hundreds of domain registrars around the world that manages hundreds of millions of domains in hundreds if not thousands of extensions that can decide a domain is owned by which person and you don't people complaining that their domain has been stolen by a registrar. But of course, domain registrars are serious businesses and are not run by hackers.
 
sgbuyer said:
Never had this problem with domain names.
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Because domain registers rely on trusted centralised authorities (businesses).

Whereas as blockchain have been invented as trustless systems. We need to always keep this in mind when we attempt to compare blockchain to other forms of registers or ledgers. That's not to say that centralised authorities are always trustworthy either.
 
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"A frequent tactic used by domain hijackers is to use acquired personal information about the actual domain owner to impersonate them and persuade the domain registrar to modify the registration information..."

Sure domain hacking is possible, but so is financial fraud and credit cards taken out in your name. Basic everyday security makes this an unlikely event. If your domain is hijacked then be more worried about your financial affairs and loosing some web traffic
 
Bromista said:
Is it a very common danger platforms face today, right?
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I believe that Domain hijacking is very uncommon. Haven't heard it happen to anyone I know personally or any net acquintance on any forum.

One of the ways it could happen if when the hacker who targets your domain knows your domain registrar (e.g. godaddy) website logon credentials, and has access to your email account. Using this 2 information, he can push the domain to his own registrar but even then as all domains are only leased and not own, the domain can still be retrieved by the rightful owner if he can prove his identity.
 
sgbuyer said:
I believe that Domain hijacking is very uncommon. Haven't heard it happen to anyone I know personally or any net acquintance on any forum.

One of the ways it could happen if when the hacker who targets your domain knows your domain registrar (e.g. godaddy) website logon credentials, and has access to your email account. Using this 2 information, he can push the domain to his own registrar but even then as all domains are only leased and not own, the domain can still be retrieved by the rightful owner if he can prove his identity.
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I see, thank you for explanation!
 
Nice to see Bitcoin regain a lot of market cap (currently over 59%). Is this a sign that this market is starting to become more mature and the days of shitcoins are over? I hope yes.
 
Yea, definitely interesting to watch.

I must say I'm suprised, so far, I was expecting another BTC winter ( aka 2015-2017 ). Suprised confidence appears to have returned so soon.

But with that said, I'm still a little suspicious of what role Tether / Binance / Bitfinex / Whales are playing in this whole thing. There are some suspiciously large pumps happening, everytime interest appears to wane. But FOMO appears to be in full swing now....

I no longer have much skin in the game, so I'm enjoying the side show :)

I have a Coinjar Swipe card, so I'm simply milking the profits off as they come. Filled my car up, bought a coffee and I'm currently drinking a beer that cost me nothing....thanks to the last 24 hour profits :D. If it crashes tomorrow... Meh.
 
Silver260 said:
But with that said, I'm still a little suspicious of what role Tether / Binance / Bitfinex / Whales are playing in this whole thing. There are some suspiciously large pumps happening, everytime interest appears to wane. But FOMO appears to be in full swing now....
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Yea this is still an issue for me too. Makes it very hard to tell where true value is with so much distortion. Maybe they will act like central banks and just keep pumping it.
 
leo25 said:
Yea this is still an issue for me too. Makes it very hard to tell where true value is with so much distortion. Maybe they will act like central banks and just keep pumping it.
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Depends on where you are. In China the value is zero as it is banned.
 
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