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10901  Other / Off-topic / Re: Got offered 5-10k to marry an asian girl US Citizenship on: August 13, 2017, 11:58:31 PM
A friend of a friend married a Russian in London for £250 and a KGB raincoat. I still have the coat. They never met again and got divorced a while after. This was a long time ago though. They seem to be far stricter now and they have the internet to snoop at you.

I'd be more worried about her trying to drain you of your finances during the divorce rather than The Man catching you. And are they providing the back story and evidence you're a couple? It's not just a case of rocking up, getting hitched and her waltzing off with her green card. They take a lot of convincing.
10902  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 13, 2017, 10:54:58 PM
Why is anyone talking about hard disks?

That's like devoting 90% of your effort to choosing the paint job of your Mars Lander rather than how you're going to get there and survive.

Storage has never been an issue. It's the bandwidth and the indexing among other things.
10903  Economy / Economics / Re: Do you think cryptocurrencies have the potential to overtake regular currencies? on: August 13, 2017, 08:50:08 PM
No. They're not usable as currencies. If the world economy ran on them in their present form there wouldn't be much of an economy left as it's set up to make us buy as much tat as possible.

As long as governments charge tax, they're going to ask for tax in the currency they control and governments will always charge tax.
10904  Bitcoin / Bitcoin Discussion / Re: If you have a block from before the halfing it's worth $100,000 right now. on: August 13, 2017, 08:11:33 PM
Let's really go for it.

If you'd mined from early 2009 you probably would've found 30-50% of the blocks in the very early days as it was just Satoshi, a little bit of Hal and a handful of other unknowns. That's $200,000 every 30 minutes or so and all mined with your slide rule.
10905  Bitcoin / Bitcoin Discussion / Re: After MultiBit what wallet should I use? on: August 13, 2017, 07:55:49 PM
Electrum for BTC, Coinomi for BCH. There's nothing out there more legit than Electrum for an SPV PC wallet.

Send your BTC to Electrum first. Then you can sweep your Multibit private keys straight into Coinomi.
10906  Bitcoin / Bitcoin Discussion / Re: why wouldnt a government create its own asic to 51% bitcoin? on: August 13, 2017, 07:20:31 PM
that could work, definitely would hurt it. but wouldnt they need to do that for every country?

Banking is far more interlinked than politics when it comes to cross border movements. Most national banking chains would quake in their boots if the biggest operations threatened to cut them off. I doubt very many of them actually want crypto business at this point in time anyway.
10907  Bitcoin / Bitcoin Discussion / Re: why wouldnt a government create its own asic to 51% bitcoin? on: August 13, 2017, 05:54:42 PM
All they have to do is cut off the banking to all exchanges and anyone they can link to P2P options.

That'll take out 95% of the interest. It'll survive of course but it won't be any type of large scale challenge.

Why mess around building warehouses full of hardware when it can be done with a few threatening phone calls?
10908  Economy / Exchanges / Re: Thinking about getting a Bitcoin debit card.. Shift / Wirex / nope? on: August 13, 2017, 05:28:38 PM
I've got a Bitpay one and a Xapo one. The main differences are Bitpay fixes the entire exchange rate when you deposit, Xapo fixes only when you spend that amount, the rest remains in BTC.

They've both worked fine so far. You do take a small hit on exchange rates and fees but the sheer convenience is worth it if you fancy spending.

For people in countries with no decent exchanges, and there are many, they make a lot of sense. You can withdraw anywhere in the world but you do pay a decent percentage in foreign exchange fees.

Both send their cards to over 100 countries now.
10909  Bitcoin / Bitcoin Discussion / Has your attitude to BTC been influenced by your local currency? on: August 13, 2017, 05:20:31 PM
As a British person  it's fairly clear that GBP will continue spiralling down the limescaley toilet of doom for many years to come.

For reasons unknown my dear old dad keeps most of his money in GBP despite becoming a citizen of EU country. I no longer give a shit because most of my value is in crypto and is staying that way. I was unmoved by the exchange rate collapse after the Brexit vote and will continue to be fully insulated as we all slowly starve to death.

How many people here have paid attention and gotten into Bitcoin primarily because of the weakness of their local currency? Or the cumbersome restrictions placed on moving it?

I assume we have more than few South Americans here. Who else and what is your story?
10910  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 13, 2017, 04:31:54 PM
If I hit on females 20 years younger than me I'd be arrested

You'll get less time for just hitting them.
10911  Bitcoin / Bitcoin Discussion / Re: If this is the cause of the recent BTC spike... I'm not happy at all on: August 13, 2017, 04:27:06 PM
Though it's true that Japan has 46% of Bitcoin activity, I don't agree that's it all due to war tensions. Japan had regulated the coin, and it's legal to use it there. Then it's also because they see it as a better alternative to gold and yuan. The returns given by Bitcoins are amazing and the Japanese people have understood it far better than any one else.

There is only one reason Japan has such a high proportion of Bitcoin trading - zero fee exchanges.

Just as China 'dominated Bitcoin trading' with 3-4 zitty teenagers and their bots. And look what happened when their zero fee exchanges were shut down.
10912  Economy / Exchanges / Re: Buy bitcoin from UK??? on: August 13, 2017, 04:07:32 PM
http://bittybot.co/uk/buy-bitcoins-uk/

This is a good list. You're a bit stuffed in the UK compared to most other places.

Localbitcoins can be the same price as exchanges, but only when excitement is down. That's when the premiums drop.

If you plan to buy regularly the cheapest option is probably to open an account at Fidor UK and send EUR to Kraken.
10913  Economy / Collectibles / At what price level do you start peeling rather than selling? on: August 13, 2017, 11:37:36 AM
I think it's safe to say that the premiums will continue to go down as the price rises. Similarly the risks of selling become ever more alarming.

I have a few ungraded coins. There's no way I'm posting them off to ANACS now and the people flogging them on Ebay must have some type of death wish.

The addition of Bitcoin Cash also rather messes with things too.

At some point in the future what will your plans be if you need to liquidate your Casascius coins?
10914  Bitcoin / Bitcoin Discussion / Re: If this is the cause of the recent BTC spike... I'm not happy at all on: August 13, 2017, 10:04:33 AM
Agree but this rise is HUUUGE for such a short time.

And people have been waiting a LOOOOONG for everyone to pull their fingers out when it comes to scaling. It's been rumbling along for three or more years now, and it was always bubbling in the background from the first moment Satoshi introduced the 1MB thing.
10915  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 12, 2017, 09:07:22 PM
Maclaren then?

I've had some very desirable cars over the years. It's really not worth the ball ache. If you're not getting resentment out on the roads, then the fucking thing is falling apart on you.

They're like most relationships. Five minutes of fun followed by years of drawn out hell.
10916  Economy / Speculation / Re: I am a pro-Core, pro-Segwit small blocker who has a hard decision about BCC on: August 12, 2017, 06:13:25 PM
While you are correct the problem is that this has stop being a discussion about the merits of a proposal for a very long time, this is personal, and this is about the miners trying to get control of bitcoin so when seen in that light it makes perfect sense they are willing to take the risk

Nope. I don't buy it. You don't get personal by risking your countless millions of investment and turnover on fire with shittily put together one and zeroes. They may be malicious but I refuse to believe they're that reckless.

Core have officially partitioned themselves. That's hundreds of minds versus a handful and that handful is under serious pressure to knock anything out. It won't be good enough. 
10917  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 12, 2017, 04:59:28 PM
True, even if I only have a few month left, at least the BTC will be able to pay for the funeral expenses right now. One less burden for my partner, if he can figure out how to liquidate the BTC.

Ruddy hell. What's with the morbidity? Do you have tumours dangling out of your nose?

Where I'm at vaping is a fraction of the cost of real smoking. Depends where you live.

Do you mutually agree to get into BTC with your manfriend? I wouldn't have bothered telling him myself. Spouses and extremely speculative money are a terrible combination usually.
10918  Economy / Speculation / Re: Old hands, what is your current engagement level? on: August 12, 2017, 11:03:53 AM
At 100s of coins if not 1000s of coins would be old hands. They saw reason with difficulty level and investment into the whole deal.

Anyone not dumping all they got into coins right now will regret it like nothing else in their life.

It's nothing to do with the quantity of coins, and the older the hand you are the more likely you are to have been scammed, wiped out, gone insane or sold too early.

It's anyone who's been around long enough observing the multiple changes in attitudes and conditions.
10919  Economy / Speculation / Re: Will bitcoin ever drop below 2500 ? on: August 12, 2017, 12:08:02 AM
That would be only be a 30% drop. BTC has certainly managed that with ease in the past.

The question is do its moves retain their magnitude as the price goes higher? Maybe they will. I really thought the moves we've seen would be far more sluggish than they've  been. 
10920  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 11, 2017, 11:24:31 PM
I'm frankly starting to get a new kind of trouble with where prices are going. Used to be I had to Do Stuff to Get Money from Others. Now I'm closing in on true financial independence. And I have no idea where to go from here.

Probably here.




But no matter what happens, never forget you're just another hairless monkey like all the rest.

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