Should You Invest in a Bitcoin IRA? | by CryptoShrink.io

[uncensored-r/btc] How the Tether (USDT) distribution system works. Bitcoin/DASH, Coinapult, Cryptocapital, Bitifnex...

The following post by geekmonk is being replicated because some comments within the post(but not the post itself) have been openly removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ btc/comments/7ljmik
The original post's content was as follows:
Full article: https://medium.com/@untetheredbtc/how-the-tether-usdt-distribution-system-works-84a5c673bec0
The article is somehow badly written, so here is a short summary:
CryptoCapital - Panamanian Financial services company (launched by HAVELOCKINVESTMENTS) claiming to be a bank and licensed crypto exchange (the author has proof both are false).
HAVELOCKINVESTMENTS - Announced partnership between Coinapult and Cryptocapital
Coinapult and Cryptocapital are connected through Ira Miller (ex-CEO of Coinapult, also developed Cryptocapital's internal tech)
Where Tethers come into play: Coinapult offers a service known as LOCK where you lock the value in usd of your bitcoins in order to hedge against fluctuations. The Author has evidence and is sure that Coinapult, to "protect" the value in usd of the coins (bitcoins & dash) its LOCK feature users deposit, simply converts them into Tethers but claims instead that deposits are insured by CryptoCapital. The author also notes that Coinapult's Bitcoin price feed is taken from Bitfinex which proves they are converting them into tethers (also run by Bitfinex).
How/Why Tethers are printed: Coinapult offers its LOCK feature to Mycelium and a DASH wallet. People who deposit bitcoins/dash coins with Mycelium and decide to LOCK the value of their investments in USD trigger the issuance of fresh tether tokens (through Coinapult and Cryptocapital). Beware that these people think they are insured by Cryptocapital but all cryptocapital does to insure them is to convert their coins into "Tethers". This makes particular sense if you think that only a couple of weeks ago a bitfinex employee commented in a Tether thread saying "what if tethers are bought with other cryptos".
Coinapult also works with Safello, an exchange with a dozen thousand users, and with DASH wallet(s).
Important Note: The Author points out how Coinapult went from being b2c (business-to-consumer) to a b2b entity (business-to-business) since the release of its lock feature. This means that Coinapult only works with businesses. In other words it offers its service to Safello and Mycelium in bulk, it doesn't deal with users individually.
Roger Ver: The Author is suspicious that Roger knows about Coinapult & CryptoCapital (Roger is an investor in Coinapult), the Tether mechanism used to "LOCK" bitcoin/dash holdings, and converted his 40k BTC into BCH to get out of the loop. The Author thinks so because Kraken (an exchange where Ver was an early investor) did business in the past with the Cryptocapital and because Ver has a stake in Safello so must be aware of the LOCK feature integration. The Author also mentions Roger's "somewhat confused" reaction when asked about Tethers in his recent AMA. In other words, the Author says Roger knows more than he says and this is one of the reasons he got out of bitcoin.
Author's Conclusion: If in a market crash the millionaires using the LOCK feature of Coinapult head over Coinapult to claim the locked value of their investments, they are probably not going to back the initial value (because they have been converted into tethers and not all tethers are backed by usd) but can hope at most to get back the initial coins they deposited. Also this can happen only if the coins have been kept safely in Bitfinex's vaults (bitfinex issues Tethers to Coinapult/Cryptocapital)
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Bitcoin ATM $ value vs Crypto currency exchange! The Ultimate Guide To Yes, You Can Use An IRA For Bitcoin Investing – Bitcoin Best Way to buy Bitcoin With your IRA or 401(k) The Bitcoin Show - Episode 032 Internet decentralized  Ira Miller (Guld)  UNCHAIN 2018

What Is a Bitcoin IRA? Robert Miller. Crypto Regulation in Asia, Europe, and North America. AAX in AAX (Atom Asset Exchange) Dr. Ly Van Bao: Blockchain application entered the sprint race. BitInstant employees Erik Voorhees, Charlie Shrem and Ira Miller are building real-world links for the Bitcoin virtual currency. An obscure but growing digital currency is about to get a new link The price of Bitcoin jumped 8,189% after the first halving in November of 2012. After the second halving in July of 2016, the leading cryptocurrency surged 2,237%. If the historical trend continues, Bitcoin IRA expects the value of BTC to explode to six figures. Mark Miller, a Reuters columnist and author of "Jolt: Stories of Trauma and Transformation," notes that although self-directed IRAs allow you a lot of latitude to invest in cryptos, there are Teams. Q&A for Work. Stack Overflow for Teams is a private, secure spot for you and your coworkers to find and share information.

[index] [20244] [21772] [10327] [16599] [18143] [18367] [31028] [19145] [15020] [23087]

Bitcoin ATM $ value vs Crypto currency exchange!

We speak with Ira Miller of bitmunchies.com and btcinch.com Arnold Schwarzenegger This Speech Broke The Internet AND Most Inspiring Speech- It Changed My Life. - Duration: 14:58. Alpha Leaders Productions Recommended for you Using IRA Financial's Self-Directed IRA, in conjunction with Gemini Exchange, saves you on fees since no broker or LLC is needed. Discover more videos by IRA Financial: https://www.youtube.com ... There is a huge difference in dollar value of Bitcoin if you are buying it through Bitcoin ATM verses through any other cryptocurrency exchange! ... Ira Miller 2,874 views. Ira Miller, Co-Founder and CEO of https: ... How Macro Trader Novogratz Became a Bitcoin Convert - Duration: 37:32. Bloomberg Markets and Finance Recommended for you. 37:32.

Flag Counter