That's a nice thought experiment. Let's start with the powers of the US President, though. I realize that Wikipedia is not among the most reliable sources, but I find it fairly accurate is such formal matters. The Constitution explicitly assigns the president the power to sign or veto legislation, command the armed forces, ask for the written opinion of their Cabinet, convene or adjourn Congress, grant reprieves and pardons, and receive ambassadors. The president oversees federal law execution by directing and removing executive officers. The president may make treaties, which need to be ratified by two-thirds of the Senate, and is accorded those foreign-affairs functions not otherwise granted to Congress or shared with the Senate. Thus, the president can control the formation and communication of foreign policy and can direct the nation's diplomatic corps. The president may also appoint Article III judges and some officers with the advice and consent of the U.S. Senate. In the condition of a Senate recess, the president may make a temporary appointment.
Just as I suspected (because it's similar in my country), the President cannot intervene in economic matters. It seems that executive orders should be dedicated to important governmental priorities, so I am not sure that pulling this stuff with cryptos off is even possible. However, since thought experiments usually require us to accept the initial conditions, let's assume it's possible, and Trump does that. It's known that there are quite a lot of Bitcoin users that come from the US, but it's hard to determine how many. I think it would affect the price in a negative way, leading to a 20% drop or so, but eventually, Bitcoin would recover. The president can intervene in economic matters. Gold was banned for a bit in the USA. Trump can by executive order to tariffs. So he could 'ban bitcoin' on national security issues rather than economic to get around this. Again, all this is unlikely and could be challenged in court, but lately, anything is possible in the USA if legit refugees are being separated with their children and kept indefinitely apart. There is a wide world of silliness under Trump, so I'm sure, he could try to ban bitcoin on a whim, depends on how folk take such a threat. Either he'd be laughed at or in the short term ignored or he could get away with dumping the price down to 100 USD and drive institutional investors away. The way the world is lately in denial in the USA with electing trump and denial of climate change etc, no idea...its all beyond the scope of me trying to keep track of.  utterly befuddled brad |
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Argentia and Austria already have 100 year bonds. And apparently Argentina is on the break of default... . Question: If Aregentina defaults does that mean your 100-year bond is also toast? Or will that maybe still exist and come back after such a default? (unlikely it will come back from such, but asking) brad |
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This is unlikely, but Trump being Trump, anything is possible. So what would be the consequences of Trump via Executive Order banning Bitcoin and Cryptocurrencies? A big Yawn? Ignored? A temporary dump in the price? A pump in the price? I know it can't be killed by such, but what mischief in folks views here, would be a consequence of such an idiot attempt? From this Tom Lee blurb: https://news.u.today/news/fundstrats-tom-lee-suggests-bitcoin-could-be-banned-by-us-government-after-e-cigarettesAgain, just saying, Trump is all over the place, so wondering what folks think. Hopefully, this will just stay a 'thought experiment'  AGAIN...this is Trump making an 'attempt' to ban Bitcoin via Executive Order Only and the consequences to price, etc, above. Not saying he can do so. Just the odds of him being dumb enough to try to ban Bitcoin and any backlash or fallout from the attempt. Feel free to post your views. Take the Poll. Brad |
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I know that Trump via executive order on paper can ban Bitcoin. What if anything would it due to price and/or consequences of such idiocy if he attempted such? Or would it just be a big yawn and ignored? later brad |
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Week 5. Payments have been made. Thanks everyone for Participating. Campaign has come to an end. You can remove the signatures now.
If you have any (positive) comments regarding my campaign management skills, do post them here: ICOGlance Campaign Managementor on my trust page it would really help me  . Guess I got caught by surprise on the last week and got zero. Guess it does not really matter if the campaign has come to an end. Thanks for the attempt. Brad |
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I had a buddy with a LOT of coupons. They are all 'expired'. So that route may not be around anymore. He was dorked and pissed off to say the least. So double-check on the Bitmain site, they may just 'wandered off' to 'dead coupon land' or something. I'd check but have not bothered with the KYC stuff in that nothing has been available that makes sense in any way from Bitmain since that was added to their site. yep, it has been that 'lean' indeed, the USA tariff was just driving a stake through my heart of the already dead mining dreams, due already to price and difficulty. Brad |
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... So for this unit I paid:
full trump tax
a 3% paypal charge
shipping
unit price
full total was = 2587.74...
I see you have a Paypal charge? What Mnfg takes PayPal now? I suppose this PayPal charge could be just for shipping of the mess of units? Would be nice to PayPal stuff again like in 2013. Curious in case the 'end of days' USA tariff ever goes away. later brad |
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The only sport where I can sit through the whole damn thing.
It is a bit weird that Americans decided to adopt the word "football" for their sport. The foot connecting with the ball is a rarer part of the action.
Yeah I'm just about over that. In Rugby Football, which is a similar sport, it's often the way the players use their feet that marks them out as good players: the jinking run, the sidestep, the shimmy, the line and of course speed of attack; are all football, without kicking the thing. There was a lot more 'punting' and 'field goal' kicking and running plays. Most passes were 'laterals' (sideways/behind small airborne handoffs). The 'invention' of the true 'forward pass' is what really doomed the name football in football. https://en.wikipedia.org/wiki/Forward_pass |
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I think the link above puts the VAT for Malaysia at 10%? If lucky 6%? Says something about 'sales tax' as well? No to mention who the hell is shipping this from Malaysia? If Bitmain, that would be ideal, in that you'd only have the regular 'East Asia' to the USA shipping price. But if the first you have to ship to malaysia..then someone 'trustworthy' dorks about a week or so and then ships it so someone else 'trustworthy' for the group buy in the USA from Maylasia (2.6% import fee) and then finally after maybe another week or two lost in this shipping merry go round...it is shipped to the proper address. Man, I'd hate to escrow this puppy from either end of the chain. Whatever I'm still out of this, but as an observer, with my 9.5c to 10c kWh electric prices. Sigh! I'd also be in such a group buy in the onesie or twosie camp anyway brad |
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what screws it all up is the tariff's though - Bitmain has told me that they can ship from Malaysia but the MOQ is way out of my price range.
I will be most likely hoping to get my hands on T15's from within the US where I dont need to run two damn lines to the PSU - another expense which forces me to either have half the miners or leaves me needing to install more outlets - with only 20 outlets currently I can handle 20 T15/S15 and only 10 T17/S17
If I can find the 15's at a decent enough price it will more than make up for the reduction in hash rate.
now someone please buy my 13 S9's for 3k a piece lol
Malaysia from what I can tell has a VAT see below of 10%? https://www.avalara.com/vatlive/en/country-guides/asia/malaysia.htmlThen add shipping to that from both China and then from Maylasia (maybe both) also, how fast can they flip them out the door to the USA? make sure it is not by ship! There would be at best IMHO, another 2-week lag to get them. Then of course if to the USA, shipping from the group buy USA location? (Not sure how this works). Anyway, looks like a real mess to do and/or escrow, IMHO. With my electric price even direct from Malaysia, it would be a heck of an optimistic stretch, but for others good luck. Brad |
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Craig started like a clown and ended like a criminal
His whole fraud, IMHO, got 'real' for FakeSatoshi Craig Wright when the Australian Tax Authorities went after him for Bitcoin. https://www.reddit.com/r/btc/comments/b7hsar/craig_wright_may_be_under_criminal_investigation/I'm unsure, but I think that is on hold, till he can prove he is Satoshi. From all that the rest of this farce has gone on. Likely, without the Australian Tax Authorities pushing this, he could have claimed he was Satoshi till the cows came home and it would not matter. But from that, he managed to scam the Bitcoin SV forked investors and then, of course, the Dave Klieman estate loss in court, etc. Now he is on such a slippery slope I suspect his only recourse in 2020 is to say "gasp" the "supposed" trustees ran off with the Bitcoin! Who'd a thunk it? What I can't figure out is WHY the people backing this 'fraud' are not up in arms after the Dave Klieman trial and are not yanking out of Bitcoin SV and his other dubious activities. I guess it is true, for a real 'sting' to happen, like in the movie, you have to have enough greed to far overcome any common sense. Anyway, it all started with the Australian Tax Authorities and likely it will be the start of the end there and then continue through the rest of this 'farce' until he is fully discredited or in jail for tax fraud among other things. Brad |
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Well, Bitmain has its prices out now it seems. https://shop.bitmain.com/With what I pay with electric in the USA per kWh, even without the 27.6% tariff/import fees, not gonna fly. Anyway, others on here may have some redress, if/when the USA Tariffs are pulled yet this fall. Myself, still seems I'm out of mining of any note until probably well into next year, 2020. Sucks. Them's the breaks. Brad |
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guys chill, sia is alive and healthy. ive seen dead coins, sia is nowhere near them.... you wont find much news on btct thats true, but if you follow other channels like their official blog, blockfolio signal or twitter you find plenty of nice updates. just 4 days ago the network hit 500tb in used storage. or go here for a list of things you can now do with sia. it has grown alot. sia.tech/get-started yes but the price.. well, have you seen the market? its always up and down. better grab a lifetime supply of sia now dezentralized storage is not going anywhere. the decentralized network is still light years away from anything resembling the work they put into ASIC's and driving up difficulty by pumping out siacoin's that currently are only a speculative price due to the ASIC pump. This amount of siacoin was un-needed for the amount of development they have for their storage network. Amazon is almost 1 exabyte ...so no where near anything sia-tech as a working decentralized network should be at (if it worked) at this point in time. https://www.extremetech.com/computing/129183-how-big-is-the-cloudI still suspect that sia-tech is never going to give me the promised 700 bucks or so of compensation they promised last year for very late ASIC's, by Jan 31st, 2019. They now claim if the company shows a profit, they will pay this out. So WTF? So myself I suspect a BFL Labs bailout when the SEC comes calling and the USA corporation takes the legal hit, like BFL Labs and thus they are off the hook for the whole sia project. They got distracted by the hype and the ASIC's and GRIN etc, so now they are likely too far behind on the decentralized storage to keep the doors open into next year seems to me. Would like to be wrong, but this whole ASIC song has a familiar theme to it, don't ya know. If I can ever get the wallet to work (and or synch) 4th try failed yet again to take keys on trying to set up a test wallet...and again no legit paper wallet even I'll likely dump this sh*tcoin ASAP, call it a win as 'overage' of coin on and at the price of 5 obelisk sc1 sales in 2019 at what I had into them...so this coin is just a bonus. Call it a win and move on I guess. But I'm not impressed with their project at all. Also, if they really gave a f*ck they'd do stuff on bitcointalk threads, but that would lead to all sorts of pesky questions discord it is lost in the clutter a bitcointalk thread it sits forever. later brad |
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At the beginning of August, there is LTC halving. Does Btc and ltc move together or does ltc increase independently?
I think LTC will move independently. Every coin has a team, so they have their own strategies to increase the price of coins. But all of these coins are inseparable from Bitcoin. I think that the bitcoin forks are doing what litecoin used to do. Sad to say, but look at the prices of those sh*tcoins vs Litecoin. I'm in at 434 coins I bought at $85 or so. Thus, I'm hodl'ing for mMmblewimble. Mimblewimble is my only hope or that they really have been having development which will show up on GitHub finally. But the confusion on why BCH and BSV are doing as well as they have at for price is a continuing mystery to me, indeed! Silly Primates Brad |
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Yeah, unsure why I'm hodl'ing any. They seem to have been left with nothing of note, even new sia-miners. Though why you would need more miners to pump difficulty at these prices without any way/shape/form workable storage solution of note is beyond me. So right now it is (1) a speculative coin and (2) a way to sell ASIC machines (or was). (3) of course is the storage solution but that has not moved for 2 years. I mean they don't even support a decent paper wallet. Sheesh! Should probably dump this sh*t. The only reason I'm HODL'ing it, is that I 'mined' the amount with my (5) Obelisk SC1's for a few months and then sold them at the right time to get my $$$ back, almost to the penny. Thus after the electric, the amount of Siacoin I have, essentially, feels like it just fell out of the sky. But this lack of any real adoption of the decentralized storage solution they push seems to be deader than dead, IMHO. Can't be this out in front as a company with 1) equipment pushing 2) difficulty being excessive (due to equipment pushing) and 3) no frigging storage solution of any adoption/note without any corresponding folk pursuing the decentralized storage builds as an option. Also, they STILL have not compensated as they stated my $650 USD, for being late to market as they informed me of 'my share'. They did say, this depends on what they get for a profit out of this year, sometime in the fall. This does not sound like they are gonna walk away like Butterfly Labs did with the SEC and let the corporation take the fall, right? Same tune, different company, then butterfly labs, but they will be bankrupt within the next year IMHO. Seen this song and dance before with butterfly labs scam Brad |
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I expect/hope 12K to be broken next week.
No. 11k is too hard to break. We got too close and look what happened. Ohh no again bought at the wrong time it seems.Hopefully there won't be too much dump from 10K region. God no more four digit figures.  I resemble your despair! Feels like forever we have been yo-yo'ing between $9k and $10k don't it? These 6% dumps are getting really annoying. What is this? Bitmex shorters? Weak hands harvesting 1% profits? This is probably the 20th time in the last 3 months. Geez, these guys can't wait 3-4 days for 100% profit. I mean without those dumps the price should have been at least 20K by now.
Don’t worry about it, we’re all good. These day trading morons will get caught with a fist full of fiat & 0 BTC at some point. Let them play games, the price is only going one way long term. #HODLERNOTAFFECTED on the other hand, the above is also true Brad |
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It must be depressing to be a conservative. In the long run, you always lose: - allowing women to vote
- allowing education for girls
- allowing racial desegregation
- separation of church and state
- gay marriage
- and now losing the fight on climate change
It must be exhausting be constantly on the wrong side of history The 'gay marriage' thing was a big yawn. All the end of the world talk and zippo...nothing happened...gay couples just turned into 'boring' married folk. I assume the same would happen if the Reagan era (was it?) Assualt Weapons Ban went back into effect. It would not be the end of the world as everyone on the far right and gun lobby claim. Perhaps we should let a lot of stuff just 'expire' to see if it really would be as bad as everyone claims from whatever political self-interest group. I kinda would bet 7 out of 10 at least would be, as I stated above, the big 'yawn'. Different Times/Different Era's/Just add Humans. Rinse/Wash/Repeat we rarely learn. Brad |
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You will all see the potential of Litecoin soon!
I see a lot of people creating fomo about Litecoin to get more people to buy coins and raise prices. But until now, I haven't seen anyone mention why it is a potential business while its value has plummeted in the past few months. Any reason for that? I think people who invest in LTC are only interested in profit and not in the technologies that LTC is developing. I surveyed several members of the crypto community and they all wanted to make money from their investments. There really isn't much difference and I recommend you to be more careful about investing because LTC is a very risky investment at the moment. You must be new here. Technologies and bells and whistles doesn't give BTC and LTC value. Once people realize this, it will be too late. Look at dinosaur Bitcoin. Edit: I see you have a very old account. Surprising to hear this from you. I tend to disagree. The catch is as of now, right or wrong, Bitcoin Cash and Bitcoin SV seem to be the real 'silver to Bitcoin Gold' that folks talked about in the past. You can see that by value. It is unfortunate but seems to be the case, especially if you see Bitcoin SV's inflated value. Way to inflated value, IMHO. So what is a person to think? I do think that IF Litecoin actually does, as they say, have some stuff they are gonna dump on Github and just have not done so yet for code, and IF they do get Mimblewimble out in an acceptable time frame. Not just drag it out with promises on either of the above. Then perhaps, Litecoin can finally break $100 or $200 and again act as an alternative to Bitcoin Cash and Bitcoin SV. The price however unfortunate seems to reflect this frigging dubious reality. I don't really get it either. But with, at the time of this writing, Litecoin at $67.21 and Bitcoin Cash at $295.16 and I mean 'really'? Bitcoin SV at $132.07. Well, reality sucks at the present time. I will give you your view, IF at least, Litecoin can consistently beat Bitcoin SV's price. Until that happens I too am befuddled at the Litecoin price with the above coins, but it is what it is. Brad |
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When Bitcoin reached 3100 Usd there was a very negative news about bitcoin and crypto in general. But Bitcoin started to rise anyway from there on. As you can see, you must be a little bit contrarian, not to just follow the news and the majority of people.
The horror! Ack! I'm having 'flashbacks' and PTSD from your comment above of that which should not be mentioned, $3,100 USD Bitcoin! Ack! I was so proud of myself selling at $3,965 USD and watching it fall to the above price. Dumped 13 BTC. Ack! Managed through lucky equipment sale, to get this down to only 10 BTC down as of now, but alas! The horror! This is what happens when you have a momentary lapse of the HODL faith! Anyway, still amazing and including myself, how folks will not buy at the very low but buy like hell on the pump. Hopefully, I have immunized myself from this with my 10 BTC sell lesson. Live and learn. Brad |
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