As a Brit who spends vast amounts of time lurking in Europe I might have to end up bloody doing this unless there are some key assassinations.

I thought he was Thai through and through.

It's not so much the peg that's the problem, it's possibility that it's currently pegged to absolutely zilch.

And most people aren't bright enough to read the terms and conditions. They're blithely assuming they're as good as dollars. If enough people question it then and they test that and there turns out to be nothing there then we got problems. 

Even if you yourself don't care about it, its ramifications in the case of it turning out to be nowt but hot air are rather huge.

Bitcoin's rise coincided almost to the day with the end of Bitfinex's real banking. Tether went from about $5-10 million issued before that to over $300 million now.

It's also spread hugely into the alt markets. If it fails, and nothing pegged has ever survived in the long run, then a lot of people will be left with nothing and confidence in the whole market will be seriously shaken.

BCH will prove to be problematic enough in the long run, if there really were two Bitcoins by November I think it's badly rogered. I assume rationality will win out but perhaps rationality has left the building.

More strife. Yippee.

The scaling 'debate' which is really a power debate hasn't been solved in the slightest, it's just morphed again.

https://hackernoon.com/the-curious-tale-of-tethers-6b0031eead87

A pretty good summary here.

BFX has been shitting in our faces for years on end. At some point it will come to a head and it really, really will not be pretty.

I think that's a minimum of a couple of decades away. Bitcoin's rise has coincided with a truly bonkers bull run all the way through coupled with pathetic returns for savers.

Let's see how it handles a wider malaise and higher rates before declaring anything more than a speculative curio.

Ok. Then I'm leaning towards ugly yellow. It sounds more distinctive. Enjoy your hols. I've booked a free one too thanks to Jihan and Roger. Thanks guys.

One thing I've slowly learnt over time is if you don't ask you don't get. And you'd be very surprised who is receptive to being asked. I have wound up with some stunning feminoids despite being fat and hairy and stinking of smoke and stale urine.

They all ultimately turned out to be dickheads but nothing is unattainable with the right attitude. Whether you want to keep them is another matter.

Three of these.



And bunny ears.

Merchant acceptance peaked in 2014 and look what happened. It flew down the toilet.

As ever merchant acceptance is great for merchant and appalling for consumers. Unless you already have BTC what would be the point in buying something to buy something? On top of that you'll probably pay a premium and risk losing out either with the exchange rate or poor security.

For retail a debit or credit card is ahead in security and convenience. Merchants would have to offer huge discounts and they don't have the margins. At present there is no incentive and many active barriers.

What will push that price to that level is more people with less belief in traditional finance. That's it.

The one and only reason 95% or more of people are in ETH is to make more money. If Bitcoin Cash looks like there'll be more to make expect mass migrations. With the familiarity and FOMO factors it's potentially a much, much more potent threat.

No Gemini? Maybe the volume isn't too hot much of time but it's probably the best funded, most regulated and you rarely hear complaints about it. Maybe that's because no one uses it.

If I were to buy or sell large amounts of BTC I wouldn't go anywhere near the main exchanges.

That seems very sensible, but who's going to mine it? If Bitcoin goes from acres of ASICs back to GPUs that is a vast amount of disruption.

You should put your allegiances aside and put your greedhead hat on.

BCH, or whatever it is, is going to have a smaller supply than BTC no matter what. Plenty of people will be too stupid or lazy to claim it. Others will have sold straight into the hands of pumpers already and will do so again when Poloniex and Coinbase release them.

If it's a pure alt, and it is, then it's inevitably going to become a whale toy like all the others. On top of that it comes with the big block agenda baked in and at least a few of them have very deep pockets and the hunger to scare BTC.

A super pump is inevitable in my opinion. Selling at this price level is fine for something that cost nothing, but it was created to make a point so sell it when that point is being made.

It'll whipsaw around forever now. The ETH flippening scared enough people, can you imagine how much a whale inspired BCH flippening would make?

And if there's another generalised alt tsunami upwards never forget the classic noob mind set of 'hey, it's Bitcoin but it's CHEAPER. Wow.'

Try reading beyond the first sentence youngling and wonderful things will be revealed to your mind.

As the article points out it's an unquestionably legit route for Big Bucks. I'm not sure Big Bucks will do real bitcoins any favours. It's going to happen no matter what so we may as well bend over and slacken.

If the current signalling continues for 2MB, which is doubtful in the extreme but anyway, Corecoin will be dead as a dodo. It would take months for the difficulty to adjust downwards and weeks to reach an exchange even if you did want to dump.

Man, I hope there isn't another fork. I don't see how that helps anyone.

I assume between now and then there'll be some receptiveness from all parties to accept a longer time line for the 2MB thing.

I well and truly can't believe that every single NYA signee is happy to jump into software put together in a few weeks by a small group of outsiders. It's not logical or safe. They're betting everything on something that could have anything hidden away.

Segwit was tested for ages and a soft fork. This is order of magnitude more risky.

My guess is that there'll be loads of blockchain spamming and Bitcoin Cash games in the lead up with pumps and hashing power moving around from Bitmain in an attempt to force it but everyone else will be rational enough not to.

Bittrex has just massively reduced unverified withdrawals. I think it's something like 0.025 BTC or something equally daffy. The first level of verification is very basic though.

It's an odd one about Kraken. They're supposedly based in San Francisco. I don't see how they're happy to serve US customers without pleasing The Man.

No. Two authoritarian regimes are better than one however you want to look at it. They're not going to be working hand in hand. If one makes a move to squash it it's conceivable the other will foster it instead. If Bitcoin became truly large it may well become a geopolitical tool.