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Noobly

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Everything posted by Noobly

  1. Can't sleep, tomorrow is going to be a bugger. Hopefully I have enough coffee.
  2. Sweet! Where is purply?
  3. He's quite an inspirational guy - I followed his presentations earlier this year. When EasyEquities were doing all those marketing stuff at the award events.
  4. I can relate to the LinkedIn Premium, it is like they can violate my privacy for a fee. I do not like it.
  5. How long does the counting take - you make me laugh Mr soup. That's 400 votes, how much chicken does a KFC bucket have? I'm amazed they didn't outsource the math to a third party.
  6. Probably companies linked to the Guptas. If Zuma gets voted out they will drop like a potato? That is assuming there will be arrests and investigations when he loses power. Then other companies that are suppressed by his regime should come out and prosper today if he loses. Which ones in particular - I have no idea. I do not really follow politics or invest in that space.
  7. The scary thing here is that even at $116.9 billion, this is still child's play in comparison with listed companies.
  8. Fokkit. Where do I buy shares? Taste Holdings has some serious competition if you go to market.
  9. I have, I bought at the beginning of the year, I am down 30%.
  10. No, fck em. They are scum The SA's best years is behind us.
  11. Harsh, but understandable. I do feel the same towards them.
  12. I saw this article on Moneyweb and it made we wonder if they would ever be sentenced. https://www.moneyweb.co.za/news/south-africa/the-trial-must-go-on-no-time-off-for-tigon-accused/ Judge Brian Spilg on Wednesday dismissed an application by Tigon-accused Gary Porritt and Sue Bennett to postpone the trial indefinitely for them to prepare an application for Spilg’s recusal. Porritt and Bennett are standing trial on more than 3 000 charges of fraud and other financial crimes related to the collapse of JSE-listed financial services group Tigon. Porritt was the CEO and Bennett a director. The beginning of the trial had been delayed by 14 years due to several applications and appeals by the accused. The Supreme Court of Appeal in previous proceedings stated “they intend to employ every stratagem available to them in order to delay the commencement and thereafter continuation of the trial for as long as they possibly can”. There has been very little progress in the trial this year as first Bennett and then Porritt failed to appear at court due to alleged illness. Spilg ruled that Porritt had no good reason to be absent and revoked his bail. The enquiry into Bennett’s health has been stayed. Bennett told the court on Wednesday that Spilg is biased and would not grant them a fair trial. She said they need the record of earlier proceedings to prepare an application for Spilg’s recusal and need time to work together on the application. Porritt is currently being held in the Johannesburg Central prison and Bennett is only allowed to see him for about ten minutes once a week. During such visit they can only communicate through a thick glass panel, she said. Both accused are unrepresented in the trial and will also be unrepresented when bringing the application. Porritt has indicated that he will also bring a fresh bail application as well as an application for leave to appeal Spilg’s decision to revoke his bail. In these proceedings he will be represented. Bennett refused to disclose to Spilg why they decided to forego representation in the recusal application. Advocate Etienne Coetzee SC for the state accused Porritt and Bennett of using legal representation as a strategy. When it suited their purpose, they were represented, but when they thought it would give them more leeway to act as lay persons, they represent themselves, he said. Porritt strongly denied this. The accused allege that they don’t have money for legal representation. Spilg repeatedly reminded Bennett that both accused refused to make use of Legal Aid. They repeatedly failed to disclose the financial detail that Legal Aid requires before granting assistance. Bennett however stated that Legal Aid would only make available a junior advocate and the representation would be of a low standard. Spilg said Bennett has no basis for the allegation that Legal Aid would not provide adequate representation. He said she would only be able to assess that once Legal Aid has allocated counsel to the case and would then be able to address it if necessary. He pointed out that it is an election the accused made to forego Legal Aid and that it has consequences. He cautioned Bennett that there is a limit to the leeway afforded to lay persons. Coetzee also denied that Legal Aid assistance would be inadequate. The state opposed the application to postpone the trial and accused Porritt and Bennett of wanting special treatment. He said they are no different from any other awaiting trial accused. Porritt denied wanting special treatment. The state argued that Porritt and Bennett can be accommodated with regard to time to work on the application, but stated that the principle of a recusal application is not to troll through the record to find grounds for bias. Perceptions of bias should be raised as and when they arise, he said. Spilg dismissed the application, but arranged for Porritt to come to court and meet with Bennett on Thursday, even though the trial would only resume on Friday. He directed that they first study the documents the state has submitted in the trial before working on the recusal application. On Wednesday afternoon the first witness in the main trial, Jack Milne, resumed his testimony. Milne is the former MD of Progressive Systems College Guaranteed Growth (PSCGG). Tigon underwrote PSCGG and investors lost about R160 million when the scheme collapsed. Milne earlier served a term in jail for his role in the scheme. He is now a state witness. Milne handed up seven documents, which he said showed how Porritt directed the manipulation of the second hand market for PSCGG shares. During the course of the day Correctional Services notified the court that a sputum sample provided by Porritt that morning showed him to be clear of tuberculosis. This followed after the trial was once again disrupted as he was rushed to hospital on Monday for tests to allay Porritt’s fear that he was suffering from the condition. The trial will continue on Friday.
  13. Guess what I will be eating tonight. Taste should pay you, Ranger.
  14. Noobly

    Siirrppp

    Loving how the forum is growing! Welcome nova!
  15. That is what you missed ranger! The cheddar and mozzarella. Instead you went Gouda.
  16. She can sell it now and make money to buy ETFs
  17. I cannot imagine life without my 3 avo trees and to think about 4 or so years ago the SO wanted to cut them down.
  18. Today I would probably put it all in Bitcoin.
  19. Bitcoin's scaling debate finally seems to be shaking out, but some users aren't happy with the results. After a few years of debate, it was perhaps to be expected that at least some were going to come away empty-handed. Controversial scaling proposal Segwit2x tried to remedy this by joining two code change ideas – the code optimization Segregated Witness (SegWit) and a block size increase. Today, SegWit is just a couple of steps away from activating on bitcoin, but some bitcoin users are unhappy about the outcome. Others who originally backed the Segwit2x proposal appear to be losing confidence in an eventual block size increase and are now taking matters into their own hands by making their own version of bitcoin – and they're doing so on a short timeline. On August 1, at precisely 12:20 UTC, the group claims that they will split off from bitcoin, creating a new cryptocurrency called Bitcoin Cash. Developer Calin Culianu, who's contributing code to an implementation of Bitcoin Cash, is one user who doesn't like SegWit, suspecting that others feel the same way. Culianu told CoinDesk: What is Bitcoin Cash? So, what is it? And how does it differ from bitcoin? There are two main changes of note: It increases the block size to 8 MB. It removes SegWit, a code change that might activate on the bitcoin blockchain by the end of August. Some, including a few of the project's supporters, call Bitcoin Cash an "altcoin," a term that usually denotes a fork of the software that creates a new cryptocurrency, with its own market. Indeed, the cryptocurrency is currently trading at $461, meaning it's worth about 18% of bitcoin's current price of $2,568, in an already-open futures market. Unlike other altcoins, though, Bitcoin Cash's transaction history would be the same as bitcoin's – at least up until the point of the split. So, if and when Bitcoin Cash splits off, users would have bitcoin on both blockchains. Another difference is the project says it will support multiple implementations of its software, a move that's not surprising given the criticism that Bitcoin Core's software is too dominant on the bitcoin network. BitcoinABC is the first software to implement the Bitcoin Cash protocol, but the goal is for there to be many implementations. Culianu said that both Bitcoin Unlimited and Bitcoin Classic, other implementations that aim to increase bitcoin’s block size, are working on a version compatible with Bitcoin Cash. These might or might not be ready for August 1. Who's involved? So far, most bitcoin companies, mining pools, users and bitcoin developers seem uninterested in the effort. Yet, there are some eager supporters. Beijing-based mining firm ViaBTC, which boasts roughly 4% of bitcoin’s computing power, is the clear ringleader. The firm, which also operates an exchange, has become the first to list the cryptocurrency and also has plans to launch a new mining pool dedicated solely to Bitcoin Cash. (Though, so far, it's not clear how much of its 4% mining hashrate it will commit to the effort.) Asked if he believed Segwit2x would fulfill its roadmap, CEO Haipo Yang responded: "I doubt it." Further, Bitcoin Cash has attracted support from some users who want a block size increase, as well as developers of other proposals such as Bitcoin Classic and Bitcoin Unlimited. What might be more surprising, though, is who's not involved. Even former supporters, including mining firms Bitcoin.com and Bitmain, seem hesitant to back the effort. For now, they remain committed to controversial scaling proposal Segwit2x. Mining company Bitmain even inspired Bitcoin Cash. Yet, the firm said that they only planned on going through with making the switch under certain conditions. Still, the firm might support both Segwit2x and Bitcoin Cash in the future. In a PSA statement, Bitcoin.com said that it will allow miners in its pool to choose if they want to mine the Bitcoin Cash token BCC. For now, though, it will mine on Segwit2x chain, though it said it "will immediately shift all company resources to supporting Bitcoin Cash exclusively" if the block size increase part of SegWit, scheduled for roughly three months from now, falls through. Wait, but why? There are a few reasons users and mining pools might like to break off from bitcoin: These users want an increase in bitcoin's block size parameter, and believe that the cryptocurrency's future depends on it. SegWit is likely going to activate soon and some users want to avoid the feature. There's a possibility that Segwit2x's block size parameter increase will ultimately fall through. This mix of ideological and technical reasons was also on display in conversations with users. When asked by CoinDesk what BitcoinABC's goal is, Culianu responded: What's different here? Many other efforts over the last couple of years have said they would split off from bitcoin, if they gained enough support from those operating the computers that secure the network. But, to date, no group has actually carried through with this plan so far. Bitcoin Cash might be unique in that it's actually committing to a deadline to split bitcoin into two, and that deadline is less than a week away. If miners and users indeed go ahead with the split, it would mark the first time a cryptocurrency split off from bitcoin, carrying with it bitcoin’s transaction history. Like past efforts intended to replace the bitcoin used today with a new bitcoin, however, Bitcoin Cash has the same goal, but it seems willing to wait and see if users join the effort. Rather than call it bitcoin, ViaBTC, as well as a group of bitcoin companies in China, signed an agreement to label it a "competitive currency," not the "real" bitcoin. The move could set up the split to happen more quickly, as in the past exchanges have expressed confusion over how to handle a fork. What's next? If a new cryptocurrency splits off from the main bitcoin network, it will mark a first. So, some users are curious to see what happens. Still, without much support from miners and users, it might not end up having that much of an impact on the course of the main network. Nonetheless, it might if be worth watching if the second half of Segwit2x falls through. That's when it might see some more supporters. Culianu, for example, concluded on an optimistic note: Source: CoinDesk
  20. The SEC Ruling Should Be Positive, Not Negative For Bitcoin, Ethereum, And Litecoin Digital currency traders have it wrong. The SEC ruling that treats digital currencies as common investments is positive, not negative for cryptocurrencies, at least for now. Cryptocurrencies traded sharply lower on Tuesday, following an SEC ruling that cryptocurrency “IPOs” or Initial Coin Offerings (ICOs) are investments, and therefore, should be subject to the same rules as regular stocks. That would certainly slow down the pace of ICOs and the money that flows into digital currencies, and therefore, cool off investor enthusiasm. While this is true for new digital currencies on the ICO pipeline, it isn’t true for the existing digital currencies. In fact, the slow-down of ICOs will limit the supply of digital currencies at a time when they are gaining traction as a medium for exchange. That’s certainly bullish, not bearish, for such existing digital currencies, as Bitcoin, Ethereum, Litecoin etc.; and a short-term rebound should be imminent. Still, governments consider digital currencies a threat to their monopoly on printing money. And the SEC ruling may be just the beginning of more regulations to come, undermining the very existence of legitimate digital coin exchanges. That’s something investors should keep in mind before pouring more money into digital currencies. forbes
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