They really should've been fully prepared for any eventuality. And as far as I can tell the bfx token has been trading as low as $0.16 or so. That must be pleasing their new and unwilling owners.

where did your bitcoins come from? if you bought them on an exchange then show them the records, that's if they care enough. if you got them all from selling heroin then that's best kept to yourself.

I cannae believe they're launching with this token with so little known or expressed about it. These cheeky fellas really should've spent a little longer giving a complete breakdown of how it's intended to work and what their intentions are.

I supposed they're depending on traders taking a punt on it no matter how mysterious it is.

What's your definition of high risk?

If it's something questionable then don't even bother getting started with a payment processor. They'll dispose of you extremely rapidly. And their definition of high risk might surprise you. They don't seem to like guns even in legal states, so even if you're selling legit drugs they might get funny.

Same goes for plenty of exchanges, mainly the regulated ones. If they sniff out coins from a source they don't like they'll do the same.

Better to mix and then sell yourself if you want fiat at the end of it.

Some people on r/bitcoinmarkets are reporting that it's already trading before their eyes. Maybe they've let in some of their pet whales early or something.

The difference between Gox and Bitfinex is that Gox lost everything in the mists. Bitfinex still holds a decent amount and all of the USD is untouched.

But check this - https://www.bitfinex.com/bfx_token_terms

The terms effectively say Bitfinex are taking an interest free loan out from their customers with little or no obligation or incentive to pay them back. There's no interest, dividend or equity.

I think it's going to get legal rather rapidly.

Plenty of silly sausages would. Their reasoning would be somewhere along the lines of 'well, what's the likelihood they're going to get hacked again?'

The regulated places won't be embraced until there's margin trading. I get the impression that that's a legal impossibility for some reason.

According to this - https://www.reddit.com/r/BitcoinMarkets/comments/4wng7l/site_relaunch_bitfinex_blog/d6bne4r

It's within the next day or two.

Good to see people are thinking ahead. I would hope that by the time humanity was ready to start colonising the stars we would've left the concept of money far behind. It hasn't really spread a great deal of happiness.

ATMs sound like something of a lottery. You never know what you're going to be charged, how much ID they want or whether they're actually there any more. If there was a good one near me I'd make use of it but some of the premiums you here about would make me squeal.

Do you live somewhere where you have an over the counter type of thing? In the UK there've been a few attempts to offer Bitcoin via the same places you can pay your electricity bills or pick up mobile phone credit. They did all seem to fade away though.

I don't think this person should be allowed out alone on the internet. Let's get in touch with his social worker and make it right.

Bitcoin's current price is what someone is willing to pay to someone willing to sell. Facetious but true. A vast amount of the price is pure speculation but you can say the same about a huge amount of things including gold. It really doesn't have a great deal of adoption or utility at present and I think people have a tendency to overestimate it.

As for it replacing all of the money in the world, er, no. Governments will always want to control their currency and they can enforce its usage by paying out in it and demanding tax back in it.

Even if Bitcoin was taken to the hearts of populations, a huge amount of GDP would remain in the national currencies.

As for future valuations? I think $10,000 is quite possible. Not alot would need to change for that to happen. Bitcoin would be large but still niche. $100,000 and more would take a big shift in how much of the world views it and that's going to take decades or more. 

There are better ones right now, but they don't have that juicy leverage. It's not as if the red flags regarding Bitfinex hadn't been there since minute one. Bitcoiners are like a stupid Labrador being battered repeatedly by their owner and coming right back with a slobbery grin on their face hoping for a different outcome. I was kind of hoping we were well past this shit by now.

I have been here for years on end. I still don't have the slightest clue about what the ins and outs of the trust system consist of.

There appear to be so many hidden agendas, power plays, alt account madnesses and wheels within wheels that if I ever do carry out a deal on here I think I'll do it in a McDonald's with a gun hidden in my patty instead.

Are we ever going to leave this clapped out 'finance professionals will spend millions to dump on Yobit- IT'S THE TRUTH' trope behind?

Nothing much happened with previous auctions. Less than fuck all will happen with this one other than legitimise Bitcoin further.

Neither's a very appetising choice. Hilary is a legacy zombie. Trump is, well, I'm not 100% sure how to classify him.

In a UK-centric context, what we've seen with Brexit and the current Labour leader madness is that people are in a mood to fuck shit up out of a feeling of impotence with the state of the things, even if it makes their current situation worse.

The democrats should've come up with someone who doesn't have so much ancient history and such a strong establishment whiff. Because they did, they might have played into the hands of Donald and the more outrageous and unhinged he is the more appealing he becomes to legions of trigger happy voters.

I wonder how inclined people are going to be to trust coins with private keys embedded now after that fella cleaned out all of the coins he minted.

Is it not possible they just weren't making any money? I can't see it being the most profitable business. ATMs seem to have singularly failed to take off.

This geezer must be providing 95% of the mining in the alt world judging by how many he's sampled, even if he couldn't get it work.

Eh? Buying is trading. Someone's selling it. And if people are buying and keeping them that takes them off the market thus forcing the price higher.

Either way I think we're heading back to settle not too far off where this pump began.