Korean Crypto Exchange Execs Sentenced to Jail Time Over Faked Trading Volume
[**Take me directly to the official BITCOIN BET FOR THE VETS pledge page**](https://www.reddit.com/r/Bitcoin/comments/8z9cx2/daily_discussion_july_16_2018/e2iiems/) – (Bet thread is Now Archived – scroll down – you can make your pledge in this this thread instead).
Hello! Some of you may know me from the Daily Discussion thread here. I am an enthusiastic supporter of Bitcoin and also the author of **Hopium Time** (formerly Daily Hopium). Hopium Time is my effort to improve morale of the Bitcoin community during the dark times of current bear market we’ve been enduring. In my posts I make an effort to post good news and show parallels to previous Bitcoin bear markets to provide perspective when things look bleak.
I also like to make predictions. My core prediction is as follows:
**The price of ONE BITCOIN will surpass $100,000 USD before May 1, 2021.**
To illustrate my conviction on this prediction and to help my favorite charity, [The Independence Fund](http://www.independencefund.org/), on July 16, 2018 I made it into a [Bet](https://www.reddit.com/r/Bitcoin/comments/8z9cx2/daily_discussion_july_16_2018/e2iiems). I call it my Bitcoin Bet for the Vets (BBV). Please take a look at [my post ](https://www.reddit.com/r/Bitcoin/comments/8z9cx2/daily_discussion_july_16_2018/e2iiems) (Now archived) on this. I would really like this to grow into a nice donation to the charity which is very helpful to Veterans and their families. Hopefully some of you guys will pledge to match my Bet. You can respond with your official bet pledge right in this thread (since my old thread has been archived).
**7/21/18 Revision to bet matching:**
I will allow someone who pledges to match my bet to decide what percentage of my donation they will match (minimum of 5%). Please reply directly to the bet thread to make your honor bound irrevocable commitment to donate with me on May 1, 2021. I will include you on my public list of donors. Also, while I have pledged to donate enough to buy one track chair for the Vets even if I win the bet, you as a bet matcher, will be encouraged to do the same, but it is not required.
Unfortunately, so far my efforts to contact some of the leading Bitcoin bulls in the media (John McAfee, Tom Lee, Tim Draper etc.) have mostly failed. Only Tom Lee responded that “If this is for the Vets, I’m in”.
Imagine the good we could do together if more people got involved. We can show the world how generous the crypto community can be. Good for the Vets and good for bitcoin. Everybody wins! Thanks for reading this.
Follow me on my new Twitter [@ThePhysicistBTC](http://twitter.com/ThePhysicistBTC)
I will maintain an archive of all my **Hopium Time** posts here, in case you are feeling a little down and need a quick reality check or pick-me-up. See below.
**Hopium Time (Archive):**
Bonus Feature #4: **Learn Bitcoin/Blockchain for beginners series**
Part 1 – Explain Bitcoin Like I’m Five
Part 2 – 4 TED Talks you should watch immediately if you want to understand bitcoin
Part 3 – Blockchain expert, Bettina Warburg, explains blockchain in five levels of difficulty
Part 4 – Bitcoin: What It Is And How It Works
S02E28: Buy Bitcoin at the Grocery Store – Coinstar rollout coming soon
S02E27: Bitwise Bitcoin ETF Trust
S02E26: Bitcoin in Venezuela
Bonus Feature #5 – Wall Street Could Change The Game For Bitcoin Again
S02E25: The Road To Recovery – Part 2
S02E24: The Untrue Hodler
S02E23: VanEck-SolidX ETF (backed by physical bitcoin) has a good chance of SEC approval by March 2019
S02E22: Bakkt is really coming this December [Update: This has been delayed until sometime in 1st Q 2019 due to government shutdown]
S02E21: The Flattening
Bonus Feature #3: Tim Draper Still Bullish!
Bonus Feature #2: Overstock.com Will Sell Bitcoin in Q1 2019.
S02E20: The One, the Only, The Legend: u/americanpegasus
S02E19: The Foundation for Institutional Investment is Being Built Right Now
S02E18: Universities are offering classes in crypto
S02E17: Brexit Nightmare – Could be Bullish for Bitcoin
S02E16: Road to Recovery – Part 1
S02E15: Conflicted Feelings and “The Bitcoin Face”
S02E14: The Perils of Human Emotions
S02E13: The Bitcoin Whisperer Has Spoken – Just Believe
S02E12: Don’t be scurred 😉
S02E11: The Pain Will Come to an End
S02E10: Bakkt aims to allow you pay for your coffee at Starbucks with bitcoin (and more)
S02E09: JUST HODL
S02E08: Glenn Beck and Teeka Tiwari discuss whether the Bitcoin Bear Market is finally over
S02E07: Mati Greenspan, Senior Analyst at eTore speaks
Bonus Feature #1: Possibility of CBOE ETF being approved by March 2019 or sooner
[https://www.reddit.com/r/Bitcoin/comments/92awvq/daily_discussion_july_27_2018/e366316](https://www.reddit.com/r/Bitcoin/comments/92awvq/daily_discussion_july_27_2018/e366316) – [See this article also](https://www.palmbeachgroup.com/content/palm-beach-daily/this-big-announcement-is-wildly-bullish-for-cryptos/43005/)
S02E06: Bitcoin Comeback Could be for Real [https://www.reddit.com/r/Bitcoin/comments/91fqkr/daily_discussion_july_24_2018/e2y2xqn](https://www.reddit.com/r/Bitcoin/comments/91fqkr/daily_discussion_july_24_2018/e2y2xqn)
S02E05: Different Take on Bitcoin Bubbles
S02E04: Has Bitcoin bottomed?
S02E03: The Bet
S02E01: Bitcoin Regret
S01E34: I Accidentally Bought 11 BTC
S01E33: Crystal Balls
S01E32: The Unthinkable
S01E31: The Winklevoss Twins are Keepin Calm and HODLing On
S01E30: The Power of the Lightning Network
S01E29: Will you make the right decision?
S01E28: Lets get it over 7k for some fireworks.
S01E27: Major Bitcoin Crashes
S01E26: Bitcoin Bubbles
S01E25: What? Bitcoin died?
S01E24: Parallels in time
S01E23: I have no choice but to sell off 8000 BTC
S01E22: CNBC Africa – Crypto Trader
S01E21: The Tide is Turning?
S01E20: The Panic Sellers Edition
S01E19: Crash Troll
S01E18: No hope for bitcoin?
S01E17: Optimism for 2nd half 2018
S01E16: People who bought at the ath of 266 then sold at 50
S01E15: The Truth
S01E14: Millionaire interest
S01E13: Pep Talk time
S01E12: HODLERS are people too
S01E11: Square Cash App
S01E10: Predictions, predictions
S01E09: Too expensive?
S01E07: Sinking Ship
S01E05: Bitcoin Immortality and Log Chart
S01E04: Hal Finney
S01E03: You can make a difference.
S01E02: Being a Fudster – an Ageless Past-time
S01E01: Are you ready for the drops?
The Pilot: 770 bitcoins
Do not be a religious zombie, be thinking. Please say out only your reasonable opinion.
I do not agree with Andreas Antonopoulos. WOW.[https://www.youtube.com/watch?v=ncPyMUfNyVM](https://www.youtube.com/watch?v=ncPyMUfNyVM)
He talks about the economic inexpediency of this.
But this logic does not work when you want to kill Bitcoin and not make money on double spending.
So I consider that we really do wishful thinking.
They (the true owners of our world) can just collect about $10 billions ($7B are necessary now for a 51% attack and $3B, for all other possible stuff). [https://gobitcoin.io/tools/cost-51-attack/](https://gobitcoin.io/tools/cost-51-attack/)It’s very easy for them (since they have trillions of dollars and since they are going to kill their main enemy).
By the way, it could be a good possible exit for Bitmain (for example) to quietly produce the necessary rig for them.
So I consider it is a big underestimated problem today since many miner manufacturers today (Bitmain, IBM …) would want to get this order.
Just keep in your mind
It will not be expensive for them at all to keep the 51% attack sustained for a long long time, since if you already do the attack then supporting for a day (0.000007% additionally = $5m/day) is a scanty sum.
So they can present a bigger block chain **A LOT LATER** than many think.
For example, the “fake” block chain length can be 4500 blocks (it just takes a month ).
The damage will be colossal.
We can not fix it by changing the code.
The next bull run will be a game changer.
Do you just think that they do not dare to do it this time? DO NOT DARE?
Since they understand that this is a much bigger problem for them than the World War 2 was and since there will not be other chance in history to do it.