I really hope not, but I suppose it is conceivable. I just can't wrap my head around what people consider acceptable in Bitcoinland and never will.

When I first properly looked into Bitcoin it was early/mid 2013 and Gox was still the go to place mentioned everywhere. I spent five minutes googling away and sat there gasping that an operation that was clearly laughably amateurish was the gold standard. I immediately shopped elsewhere and it never crossed my mind to ever use it.

If Bitfinex is still on top in five years and nothing has fundamentally changed there then whoever gets rogered by them next time fully deserves it. And I'll probably go around their house and slap them too.

Don't forget slippage. If you're using an obscure exchange, and there are plenty with very little on the order books, your one sell might slaughter the price for a while. If you ration your sells over a period of time you're more likely to get an untainted market price for them.

So he wants to increase voting, give votes to ex prisoners and oppose Republican madness. That all sounds fine to me. I'm sure there are hundreds of Republican blowhards doing the exact same string pulling behind the scenes.

That's a nicely executed wee article.

When was the last time there was a genuinely moronic and uninformed Bitcoin article in a proper publication? They really don't seem to pop up all that often any more whereas once upon a time we were swamped with them.

Yes. I think it's far too small to attract the absolute trading titans, but if they took a closer look their mouths would start to water.

Unregulated, 24/7, and filled with minnows who've probably never traded anything else in their entire lives who are also seemingly willing to be scammed and have a penchant for emotional attachment to their shitcoin.

That's nirvana for someone with the right mindset.

Hmm. I think it's got to be more than that. Still not epic numbers by any means, but it's got to be in the 1-5 million ball park these days. I don't think Coinbase for instance could get the funding they've managed with such a tiny amount of users. Investors take long shots but nothing that long.

Better to host such a thing in an already existing tech environment. You could have a counter somewhere with a little man handling it. That's how most foreign currency operations work. They're rarely standalone places.

I'll bet he wishes he'd gotten into Bitcoin at an earlier stage. In fact I wonder if he did. It's not as if you'd broadcast such a fact anyway.

I also wonder when we'll see a high profile case where Bitcoins are uncovered and they attempt to force someone to hand them over. I don't mean cases where it's known people hold coins such as anything Silk Road related. I'm not sure the old boating accident explanation will satisfy them.

Sniff around just a little and you can find the same facts even in the mainstream media, albeit with a little more watering down. It's clear that this is an utterly failed state. Similar to Zimbabwe, it just goes to show that the wrong policies can fuck up countries abundant in natural resources.

We should know if there's further ETF progress very soon. Even if it's a firm Fuck Off that still puts uncertainty to bed. And you never know, there might be some scalability on the horizon relatively soon. I don't think either are going to cause an immediate bounce but they're both big votes for future confidence.

I agree that 5% is measly but the hacker may have a hard time disposing of 100,000 or more coins. Who knows,  perhaps they have buyers lined up,  if not then it may take a long time to offload them all. A quick one time payment from Bitfinex might be tempting.

I have no idea what he has in store or what could happen, but considering how piddly Bitcoin still is it could easily be pushed up that high by one app.

 Let's assume Bitcoin has 5 million active users,  which I think may be overoptimistic,  mega upload must've had tens of millions back in the day.  If his plans somehow incentivise users there may be unprecedented volume and demand.

Has a gist emerged from what's been uncovered so far? I hate pdfs at the best of times and I assume there's a mountain of stuff to wade through anyway. I'll look forward to the TLDR.

Why would an employer give a shit? All they have to do is send a bit of your wage to some third party who'll probably eventually go bust anyway. I don't think local stores are the right place for BTC. Online makes far more sense.

It certainly deserves to, but Bitfinex had a unique appeal to traders. They can't live without leverage. I suppose Kraken is the next best option for many but that UI is so horrific I couldn't bring myself to use it.

https://www.reddit.com/r/BitcoinMarkets/comments/4xk70s/i_miss_bitfinex_already/

This thread is an interesting insight into how people are thinking. I think if BFX stays alive for long enough quite a few people are going to sneak back.

Indeed. I think psychology is all. The real masters have total control over it and that's why they're the winners. You can have all the knowledge and training in the world, but if you start squealing and running around in circles every time it moves against you then you'll always be nowhere.

I dunno. The Bitcoiner capacity for self delusion never ceases to amaze. The fact that there are lenders back on there is rather mind boggling, especially when you consider they haven't said anything about ring fencing post hack deposits. But they've pretty much said nothing at all about anything.

You'll get far more informative answers if you tell us what country you're in. Certain countries spoil you for choice, others are utterly dire.

It's a totally different type of debt compared to conventional consumer debt. It's not struck off if you're bankrupted but there's also far less or no urgency if you're under the repayment threshold.

It's also an ever increasingly huge amount of money so I'd be buying things on credit just to get my mind off it.

Golly, you people are so much more security savvy than I am. I'd be dead impressed with myself if I was using fingerprints for stuff. I suppose fingers can be cut off and retinas gouged out. I'll be waiting for a scanner that reads my eternal soul. Until then passwords do the job.