Fidor will be covered by the bog standard banking guarantees. We're not talking exchange level patheticness here. It's a bank.

You will be able to convert via Fidor and send it elsewhere.

Of course it's speculative. People are using it to speculate on regular markets and currencies faltering. Speculation makes up a vast amount of its value. You could also call it hedging, but hedging is ultimately speculation in another direction.

He possibly blagged his way out of a murder charge so I'm sure he knows what his mouth can smooth over, that's when it isn't filled with a hooker's turd.

It's now 100% legit in Japan. I don't know what effect that had but it must've been positive. It's in no way illegal in most places.

The one thing countries could do to push it to the stars would be adopting it as some sort of reserve. I can imagine they really, really wouldn't want to do that but just maybe they'll regard it as a prudent move.

GBP at Kraken was always out the picture. Their GBP market was an expensive minuscule joke. Open an account at Fidor and use the Kraken EUR market.

Coinfloor have a good rep but they still bank in Europe so they'll be more sluggish than EUR despite being GBP. You have to wire to Poland or something.

https://www.youtube.com/watch?v=TcweVMiR1aE

This is worth a listen in the background.

The point that the Richard fella kept ramming home is pretty relevant - a small group with a Wix website managed to co opt not too far off half the Bitcoin hash rate with a copy and paste coin.

That doesn't bode well for a better put together effort. I think all the antifragile talk and 'this is actually good for Bitcoin' is hopelessly naïve.

What are you on about? If you'd bought in late 2013 you would've lost nearly 8 times your money if you'd sold afterwards at the wrong moment. The price was dead for months and months. You only returned to profit after a wait of more than three years.

Memories are stunningly short around here.

So potentially 95% of passengers are packing heat? I'm surprised there aren't more fire fights with shop staff at the overpriced Pepsis on sale.

Even if your buyer did produce an assault rifle from their panties, there are still enough cameras and security around to put a halt to them after they've emptied a clip into your face. It'll be too late for you, but not for your coin.

I could be a homeless bucker who got tipped 10,000 BTC in 2010 and found the private key again rummaging around in my cardboard. It seems a little unfair they'd limit me so much for not having totally inapplicable and irrelevant scraps of paper.

What consists of proving your funds?

Those numbers look nice. They don't make up for rotten service and cranky functionality.

It'll be fine but if it were me I'd go straight to Genesis Trading and cut out the faff.

What is it with the bubble heads in this forum?

In most countries it's taxed right this very minute. They don't care that it's decentralised. They don't care that it's 'on the internet'. They don't care that you took a risk. If you bought it for less than you sold it and it goes over your personal tax allowance then there's some tax.

If you sell enough of your sweaty work out thongs to perverts, that's taxable. If you sell enough finger paintings of Barbra Streisand, it's taxable. They're both far sillier and more abstract than Bitcoin but it's all the same thing.

You're welcome not to pay it. Don't be sad if they turn up at your mansion with a fleet of supercars outside and take it all away and shove you in jail. 

There are countries where it isn't taxable. If you live in one then congrats. If you don't then pay some bleedin' attention.

If it were me I would've sold the BCH on Bittrex, withdrawn the BTC and sold them OTC.

Kraken is a creaking poohole.

Erm, Bitcoin's operation slowed and the cost to transact went through the roof today precisely because the interests of one cabal diverged from everyone else. Said cabal also has the most money and mining power and wants something that no one else does. The 'greed is good' thing has brought BTC to this level of centralisation and now it's possibly going to wreak havoc.

All of the things you listed are possible.

I've never had a virus or a hack despite clicking on any old shit and downloading terrabytes of stuff. If someone was able to do it then I'm sure they would've. I've been jammy no doubt.

Back in the day I did leave private keys on the same computer before I shaped up. Now it's all on a machine that'll never see the internet again. There's really no excuse not to. What possible reason is there for taking the risk when it's so well known?

He's buggered off. What was the gist?

Well, I'll never mine but if I did I'd want to know what I was pointing my work at worked properly and had a viable market to offload on. Something a couple of weeks old would have me a little sceptical.

https://soundcloud.com/glennbeck/8-22-17-bitcoin-will-be

Wences Casares talks about it here at the ten minute or so mark. His attitude is fairly relaxed but doesn't say a great deal.

Wait for BCH difficulty to readjust and watch the miners pour back in to start clearing it. BTC will be more profitable to mine again in a few hours. I must say I'm rather surprised they're such hookers. I wouldn't be aiming my multi million investment in hardware at a new alt knocked up by Bitmain.

It makes sense. The market was tiny and the fees were ridiculous. I think withdrawal cost £60.

There are options like Fidor that do cheap EUR conversion and SEPA. It would never occur to me to enter a GBP market. They're all very inconsequential.

What I really don't get is that this appears to be the first time they've made an official statement about how useless they are, yet people have been complaining for months and years. One quick browse of here and elsewhere would've told them that.

Yer average reader doesn't want to hear about outrageous success unless they're in on it. If it's framed as a curio then journos can write all they like, throw in some incredulity, some positivity and then wind it all up with 'and of course it'll all turn to shit'.

When it doesn't they can point to positive bits and credibility and history is neatly hedged. Hurrah.

In what known universe is that diversification? Bet your ridiculously speculative gains on something even more ridiculous and even more speculative?

Approximately 93% of my value is in crypto now. I don't have any plans to diversify in the slightest.

If I did then I'd buy a couple of lumps of gold for a laugh, some lockup garages or paddocks to rent out (I wouldn't bother with anything involving tenants, too much red tape, tax and potential for expenses, disaster and arseholes), a little bit into reputable P2P lending, drip feed into some trackers, and if you can afford to buy a place to live then that's a no brainer too.