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The thing I find a little strange is OKcoin and Huobi getting the reprieve when they played with customer funds in shitty looking investment schemes.
I cannae believe the authorities would single them out as the chosen ones when they've taken the disgusting piss like that.
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Bitfinex have stated that for practical reasons S2X won't be Bitcoin - https://www.bitfinex.com/posts/223Coinbase have acknowledged there'll be two chains if it happens and it may take several days to access them - https://blog.coinbase.com/update-on-the-bitcoin-segwit2x-hard-fork-69426f14bc85These are two of the biggest players and their actions have confirmed that the NYA thing will do exactly what it aimed to avoid. I can see the Chinese miners being mindless enough to crack on until they realise it's worthless, but I don't see why anyone else is going to bother any more. Is S2X in the bag or will it be yet another toothless boogeyman? |
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This has been much theorised. I don't really see why they'd bother.
If they're concerned about capital flight then whatever crypto they permit to trade can't be allowed in or out of their exchanges. If they're actually concerned about criminality then they may as well keep everything shut, come down further on OTC and P2P and then push it to the absolute fringes.
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Was it via a website or forum? If so then there might be some recourse in terms of bad rep but the actual transaction can't be reversed.
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If you have access to Gemini or GDAX then I see no reason why anyone would bother with Kraken.
I'm not sure what their current USD set up is, but for a long time they were using a piece of shit third party payment processor who was throwing countless spanners in the works that were beyond Kraken's control.
Throw in its borderline unusability and I'd definitely be shopping elsewhere. They need to massively up their game.
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Most early adopters have already sold their BTC in previous price peaks of 2013 - 2015. Its price in 2009 was dirt cheap, around $0.0xx, less than a cent per coin from what I've read. Unfortunately, I doubt that there are any of the early adopters who still hold their coins or sold them in the recent 1-2 years.A large amount of coins is probably lost and forgotten in wallets.
It was literally worthless for most of 2009. The first published exchange rate from the first exchange is here - http://newlibertystandard.wikifoundry.com/page/2009+Exchange+Rate1309 coins per dollar. And that was based entirely on the electricity needed to create it. No doubt lots of early mined coins are gone, but I'm sure a fair few are accessible still. The occasional wallet from that era moves, but not very often. |
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There's plenty of bravado out there, but if Corecoin really does get awarded the current signalling distribution then it's going to be borderline unusable and it'll stay that way unless they themselves hard fork into a different form. Then we have three coins as a few nutters might mine the original one.
Things are going to heat up rapidly between now and November, but I think most people are rational enough to know 2X is going to be a fuckup that's abandoned before it gets rolling.
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Even if a large amount of noise is purely down to the usual suspects, the amount of people objecting to this can't be ignored. I don't see how they can carry on with this plan when there's so much screeching.
Their stated aim was to keep everyone happy, even though it was clear swathes of people weren't initially consulted, but that's now definitively in the crapper.
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Most positive news resides in a fluffy and fuzzy far off future. The bad news almost always affects everyone instantly. I think the only time I've seen positive news have an immediate effect was during some senate hearing in late 2013 when they started making positive noises. The price jumped a couple of hundred dollars, but it was probably looking for an excuse anyway.
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Yeah shilling is great, but NEM is kind of dead. Sure you will get your 10-30% on the next pump, which will be who knows when, than back to the 5k support. Typical.
Everything in altland is dead. ETH volume is 40x down on its peaks and more. Everyone may as well go out and relax because not much will be happening for a while. |
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I appreciate the replies guys. Is there any way to get my account unbanned from coinbase? It just seems so silly to me that this was a one time mistake and if my bank doesnt care about me buying stuff from an online pharmacy why should they?
I seriously doubt it. Operations like that are absolutely petrified of triggering US laws. They'll go insanely overboard to look like they're being as compliant as possible. They don't want to but they have to. You could try again with a different bank account but you'll probably be flagged. The next step would be via the ID of someone you trust. |
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If you're in the right state then I'd go for Gemini. They're not a full service like Coinbase, just an exchange, but their rep is pretty spotless.
No matter who you go with, anything traceable to drugs or gambling will result in you being booted out. Mix that stuff first or don't bother in the first place.
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Slack seems to be a hive of villainy and scum. There are loads of moans about varying channels about relentless scamminess. I'm not on any Slack channel but after reading what I have I definitely won't be joining in the fun.
For pure chattage perhaps coins should switch to Telegram groups.
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A great service. I do wish they weren't meddling with the soul of Bitcoin with all this 2X stuff though. They've been awarded too much influence though it's well earned indeed.
Their attempt to get Bitcore users to upgrade to BTC1 nodes without telling them what that entailed was a particular low.
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Tell your bank and show them a paper trail. They're considerably less anti BTC than terrified of being shut down themselves because of the US government turning up and shooting them all in the face. Once it's all pre cleared and they're happy then cash yourself out silly. Only a fool would be throwing vast amounts out of nowhere into their account. I know about a friend who had the same situation a few months ago, he is more introduced in bitcoin than me, because he has experience in a lot of things that i have never done, but he told me that i should start cashing-out my bitcoins in cash using localbitcoin guys that buys bitcoins with fiat. This is a good way to cashout them, because the bank is not going to ask you anything because that money is not going to be in the bank.
What the fuck is anyone going to do with a room filled with cash? You can buy your groceries and fuel. For anything bigger it has to go into a bank account. |
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No. I don't care about the ins and outs, it's a shit word. When Poloniex started referring to themselves as a blockchain token platform it really got on my nerves.
Token
1.
a thing serving as a visible or tangible representation of a fact, quality, feeling, etc.
2.
a voucher that can be exchanged for goods or services, typically one given as a gift or forming part of a promotional offer.
Neither definition smells of Bitcoin to me.
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Depending on where you are, it doesn't matter whether you haven't told them or believe Bitcoin is somehow magically exempt from all laws. You're obligated to declare it when all the finances are being taken into account. It's worth something so it must be declared.
If you owned one of Elvis's turds it has to be declared because it's worth something. It doesn't matter if many people still don't think BTC is the real deal. It can be sold for money.
If no one knows and it's uncovered expect the law to come piling down upon you. You may well get away with it. Then again the alternative isn't going to be pretty.
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Trading how? The key is what they can offer to investors. If it's accredited investors only or they don't provide any vehicles via the usual channels then it's still very interesting but won't have as much effect as it could have.
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Why has virtually no one anywhere specified that this ban applies only to ICOs that originate in South Korea? Everything outside S Korea is eminently tradable still which basically means everything still.
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