If you are into BitConnect or considering it, WATCH THIS:
Back in 2013, I covered OPPT, extensively. For reasons not yet clear to me, it is back.
“Fictitious accounts” is the part that cracks me up–if they were fictitious, people would not be able to access ANYTHING. Therefore, the charges are based on lies.
OFFICIAL CHARGES ARE- Both Randy and Heather Ann Tucci-Jarraf (HATJ) have been indicted in US District Court Eastern Tennessee District, case number 3:17-CR-00082.
– Wire fraud (5 counts) (Beane only)
– Bank fraud (6 counts) (Beane only)
– Conspiracy to commit money laundering (7 counts) (Beane & Tucci-Jarraf)
HERE IS THE ORIGINAL VIDEO – https://youtu.be/20vppBbS97E
I WOULD BE CAUTIOUS UNTIL WE KNOW WHAT IS REALLY GOING ON I DON’T WANT ANY OF YOU TO BE IN DANGER. WE CAN WORK THROUGH THIS TOGETHER AND KEEP THE MOVEMENT ALIVE PUSHING THE MISSION NOT THE MONEY FOR THE TIME BEING AS IVE BEEN SAYING NOW FOR A FEW DAYS.
Thanks, Roger! For the sake of expediency, I’m simply linking to the Roger’s post. -Ed.
Bitcoin expert Andreas M. Antonopoulos give an excellent presentation on what has happened to our currency commons, and how Bitcoin can offers self-defense againt corporations.
Andreas uses tipping your server as an example of how corporations have invaded/restricted our freedom to transact with each other, as individuals.
With all the recent money talk, this will give you a good idea of what the future of banking and personal transactions hold for all of us.
The real inventor of Blockchain, Kelce Wilson, joins Sarah Westall for an interview. He discusses the invention and his patent, the real security issues, and crypto currencies in general. An engaging discussion you haven’t heard elsewhere!
Following bitcoin’s price rise to an all-time high of $3,000, the rural State of Montana Governor Steve Bullock announced a grant of $416,000 to assist Project Spokane to expand. The governor says:
“The funds will be used for purchase of equipment, machinery, furniture and software and for wage reimbursement. Project Spokane, LLC is a data center that provides blockchain security services for the bitcoin network.”
The investment accounts for nearly half of a $1.1 million fund that was made available to help businesses create jobs, train employees and expand further.
James Grunke, the president and CEO of the Missoula Economic Partnership, told a local paper that Project Spokane is on their way to “becoming North America’s largest data center. They are going to have 55,000 servers, and right now they only have 12,000. It’s pretty exciting,” he said.
This is the first known instance of a direct government investment in a bitcoin mining operation which may signify a change in attitude while also illustrating the scale bitcoin has now reached.
The currency has tripled this year from around $1,000 at the beginning of 2017 to a high of $3,000, currently trading at around $2,700 while its market cap nears $50 billion.
With the price increase, the mining reward has also increased. The combined mining network currently received around $7 million a day, with nearly half of that coming from transaction fees.
That translates to $210 million a month or $2.5 billion a year. However, mining is a very competitive businesses. Hardware can quickly become obsolete as new hardware is added, while energy costs can be considerable.
It therefore remains unclear how this project aims to compete with far cheaper energy in China where the lower manufacturing costs allows them to produce cheaper hardware too.
But Montana is a mountainous and rural state. Moreover, some find it worrying that 80% of bitcoin mining is concentrated in China and the surrounding areas.
It’s not clear whether one of them is the State of Montana itself, but this development is interesting because miners can have significant influence over the rules of bitcoin’s protocol.
States, therefore, may become directly involved and mine themselves or support mining operations within their own jurisdiction so as to potentially have a say over the direction of bitcoin’s protocol.