News Bitmain Halts Payments to Employees

[Admin]

Bitmain faces financial challenges, pauses payments to employees.

Bitmain Halts Payments to Employees : Read more

 

[helper800]

Another coin related business sinking to the bottom of the ocean.

 

[punkncat]

We played around with a bit of coin, think it was Coinbase that we used. That "app" has not allowed us to log in for days now. IDK if they are going this same way or just some internal issue on our side. Luckily, we didn't invest very heavily, mostly just played around with it to watch. Where I hate to lose ANY amount of money, we certainly didn't hurt ourselves playing into it like some friends and acquaintances did.
The person who owns the house where our son rents lost pretty much everything and had to turn around and sell the house. They were right in the middle of a huge remodel and refit of the bathrooms. Eeks!

 

[vanadiel007]

I bet the CEO now regrets paying the other co founder $600 million USD to buy him out.

 

[helper800]

We played around with a bit of coin, think it was Coinbase that we used. That "app" has not allowed us to log in for days now. IDK if they are going this same way or just some internal issue on our side. Luckily, we didn't invest very heavily, mostly just played around with it to watch. Where I hate to lose ANY amount of money, we certainly didn't hurt ourselves playing into it like some friends and acquaintances did.
The person who owns the house where our son rents lost pretty much everything and had to turn around and sell the house. They were right in the middle of a huge remodel and refit of the bathrooms. Eeks!

I cannot help but think that if you are willing to play with fire and get burned you have no one but yourself to blame. I have also personally seen people lose their livelihoods and everything they owned because of this unregulated pump and dump or rug pulling utopia. It is really hard to not sympathize with those people...

 

[punkncat]

I cannot help but think that if you are willing to play with fire and get burned you have no one but yourself to blame. I have also personally seen people lose their livelihoods and everything they owned because of this unregulated pump and dump or rug pulling utopia. It is really hard to not sympathize with those people...

IDK, there was a period of time there that this really looked as if it would take off and be something. I am sure the folks who held on to Bitcoin from the first 'sensation' of this were mighty happy it came back around. It well could turn around again, but seems there will be a lot less players going in this deep.

For sure, there are several powers that be that are more than glad to see it fail, and may well be working in the background to help assure it.

 

[helper800]

IDK, there was a period of time there that this really looked as if it would take off and be something. I am sure the folks who held on to Bitcoin from the first 'sensation' of this were mighty happy it came back around. It well could turn around again, but seems there will be a lot less players going in this deep.

For sure, there are several powers that be that are more than glad to see it fail, and may well be working in the background to help assure it.

I am a very risk averse person, so I never got into mining or coins of any type. I am also not saying I would not have been duped if I had, I m not some prophet, however, I did see the potential for scamming once the blockchain was released and people started putting monetary value on coins. The people that made most of the money on coins were in on it very early on before any bandwagoning started. They held their coins without selling until they were worth hundreds to thousands each. I know of one such person who made millions, but that is in contrast to the four others who lost close to 1.5 million combined.

 

[DavidLejdar]

I am a very risk averse person, so I never got into mining or coins of any type. I am also not saying I would not have been duped if I had, I m not some prophet, however, I did see the potential for scamming once the blockchain was released and people started putting monetary value on coins. The people that made most of the money on coins were in on it very early on before any bandwagoning started. They held their coins without selling until they were worth hundreds to thousands each. I know of one such person who made millions, but that is in contrast to the four others who lost close to 1.5 million combined.

Yeah, the amount of cryptotokens keeps increasing (not calling it "cryptocurrency", as that implies it is a currency, which it isn't), while the amount of RL money doesn't at such rate. I also didn't see how that was supposed to work out.

 

[JTWrenn]

This type of coin mining should be outlawed. It's such a low hanging fruit for global warming. Force all crypto to go to stake based or some other low power system and we will save everyone a lot of headache.