18th time's a charm.
Listen, if it's not taken seriously enough he's going to hold his breath until he passes out. Do you want that on your conscience? |
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Have you happened to notice the excitement going on in the rest of the world at present? The chances are something will come out of that that'll reverberate heavily through cryptoland. It could be good or bad but whichever it is it's going to be impossible to avoid.
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PayPal doesnt like orangecoin for some reason  What's become of Paypal's decoupling from Ebay? Hard to know which of the two dislikes it more. I can imagine Ebay themselves get more earache from customers who've been raped having a Bitcoin dabble so even if they get a completely new payment set up they will carry on as before for the sake of a quiet life. |
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I've been touching myself over BTC for 7 or so years now. Not for a second has it occurred to me to get into lightning networks. I tried some test versions and none of them worked.
Channels, watch towers, routing. It's all gibberish to me. I'm going to need some major hand holding to consider it.
Of course most of us are not used to seeing things develop in real time like this. We arrived after Bitcoin was up and running. I expect in almost all other areas of life we use stuff oven ready from companies or that's already been battle tested for years by others.
Which means it someone else's problem and obsession for quite some time to come. Wake me up when it's done.
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I used to also check news on Twitter but most replies were either memes or stupid ones though, lol.
Twitter is pretty much the only place I bother with these days. It's entirely within your control unlike the crypto 'press' which almost entirely junk. Coindesk is just another dumb fuckhole like everywhere else but with a bigger budget. Find people you respect and follow them. On the rare occasions I step outside those people I am truly sickened at the tidal wave of mindlessness and stupidity that rushes towards me on there which means my walled garden is doing a good job of keeping me safe. I would suggest Reddit but unfortunately it's mostly crap now. Especially r/cryptocurrency which is pretty much an anti-bitcoin pro-NANO subreddit nowadays.
Every time I click on r/cryptocurrency I leave a couple of minutes later shaking my head in disgust. |
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I wouldn't dare sell anything funded on there but in the UK it won't even allow me to list an empty Casascius coin for auction or buy it now, let alone anything funded. It can only be a classified ad which opens up a whole new world of faff.
I don't see what their beef is with a lump of metal with a particular name.
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I like old threads like this that remind us of 'ancient' perspective that at the time was perfectly valid.
But these threads were from a crop of psycho bears who were hell bent on jamming their point up your arse. There were tons of them in 2014/15 and none of them were interested in listening what anyone else had to say. They only existed to grind out their same old points over and over again. If it had been a reasoned discussion between someone taking a balanced view then it would be worth reading. As it stands it's the ejaculation of a near extinct breed. I noticed their attempts after 2017 were much, much weaker. It has historical merit more towards the type of creeps who descended at that time. |
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I just drink when I go out with friends, etc. Never alone. No alcohol in the house.
I don't drink any more but drinking alone was by far my fave. Nothing better than slowly descending into a dribbling giggling mess at your own pace. No one else fighting, puking or crying. I used to go through London every week with a few hours to kill. I'd always go straight to the pub, have 4-5 pints on my own, and then wander the city in a slightly floaty daze. It turned that shithole into a world of wonder. |
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What is your tip for knowing when the market has achieved a superexponential blow off top?
When I start wearing a cape and sceptre every single day of the week. |
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The odds of it happening in 2020 seem very low to me and I never expected it to happen. 2021 would be great but who knows? There's a lot of weirdness and damage to play out yet. I'll stay put and see what occurs.
That weirdness could possibly work the other way too of course. If enough people decide Bitcoin is going to be their vote with their feet against the existing system it could get rather intense rather quickly.
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I've heared people saying that any development you can do with 1 tBTC should also be possible with 0.0001 tBTC, just by editing the sourcecode. I only think that's partially true, some developments just need large quantities of tBTC. Imagine building a mixer, or an exchange, or a high traffic ecommerce system and having to work with 0.01 tBTC to toroughly test your development. Values would start to get really, really, really small, and fees would basically burn your 0.01 tBTC after a couple of minutes of high volume testing.
I've also been criticized for asking collateral whenever i lend out tBTC to somebody i don't know... The matter of the fact is: tBTC might be worthless, but at current diff and block rewards it is by no means free to mine... I would never ever sell tBTC, but if i lend some out, i would want the most of it back after the lender finishes testing.
This is an aspect of it that seems broken to me. I've seen people pleading for test BTC and never receiving any. The expense of mining when it spikes and the difficulty of obtaining coins must hold back innovation to an extent. |
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ANY bank may start to ask questions sooner or later. Everything depends on the amount of money going into your account. If you're receiving, say $10k monthly and then all of a sudden you receive $500k you will be charged with money laundering.  Numbers may differ but you got the idea... No way would I deposit mountains of money out of nowhere. All you need to do is attempt to find a live human at the bank and tell them before time. I have a complete paper trail so I'd supply that if necessary. As long as they're made aware there shouldn't be any problems. Millions of people send millions of dollars through bank accounts every year. |
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Bandwidth. At the slightest hint of any upload my internet is paralysed. One photo takes several minutes and I can't do anything else in that time. I'm also constantly downloading so a node would grind me to a halt from every direction. If I had decent internet then I'd certainly look into it. I've never had it and may never have it so it's not a viable choice for me. People don't want to do anything for free. Rewards are needed. There are very few people who are passionate about crypto and who want to help crypto voluntarily, offering to run a complete node.
The reward is your own security. |
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If Bitcoin ever reaches a stupidly high value very quickly, then I may be tempted to cash out my whole stash, in which case I'll probably arrange a local meet and sell for cash.
Cash's days are numbered depending on where you are and that was before the viral fun. If it's under the radar it's also a monster pain up the arse. You can't actually do anything significant with it in many a country any more. You can only buy so much food and fuel per week. I can't see the point of securing a large amount of profit and spending the rest of your days hiding it. A wodge of play money would be useful though. |
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Interesting but... what about limits on an exchange? If the amount in stablecoins is big enough can they freeze your account? Perhaps also request some additional proof of ownership? In any case, you need to study their terms and conditions before you do it. What is the exchange you'd recommend for this? What are the exchanges with less restrictions/higher limits?
That's another area I wouldn't touch. It's either Tether, which is terrifying in its own way, or it's something like USDC or Paxos where you're at the mercy of one entity's good will to make good on the redemption, then you have normal banking to worry about too. Both Gemini and Paxos have refused stablecoin redemptions in the past because too much redeeming made them look bad on CMC. All of these systems will be under intense pressure if you're offloading near a peak. I don't get what's wrong with good old real dollars. |
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Pools will make less amount of course
Not necessarily. Some pools give miners the block rewards but keep the transaction fees for themselves. They're likely to be doing considerably better at the moment than they were before. I can imagine they'll be slowly abandoned as fees become more important. |
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It's obviously paid video with BCH vibe, and that is low even for MemoryDealers aka RV.
This will always be the ultimate Ver-funded creation - https://www.youtube.com/watch?v=mCllEvfvgUYWhat better way to speak to today's youth than with an exciting Rock Song by a popular beat combo? The man himself had a post in there telling people to concentrate on the lyrics which has mysteriously disappeared. As for Adam Back he sounded distinctly unenthusiastic until 2013. |
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I have a Kraken account but I've never used it. It's verified and all but for me the main issue was that they don't work with the so-called 'cloud' banks like Revolut etc.
When it comes to significant amounts I would regard the lack of cloud bankiness as fucking superb news. I would never trust Revolut with anything above amounts needed to pay for hand jobs in airport toilets in far off lands. They shut people down for the most piddling reasons and amounts. I wouldn't do a large sale without being confident it would go through smoothly from start to finish and there's zero guarantee of that with some faceless entity hiding behind an app. With a real bank you have a fighting chance of reasoning with a real person somewhere. |
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