You articulated it better than me. That's what I was clawing towards.

I assume these people are talking long term rather than short term but perhaps they didn't make it very clear. I don't expect anything other than a pump and dump in the next few months myself. If there isn't then it'll be a pleasant surprise.

Sure did.



It's certainly a turnaround for the books compared to Coinbase's normal policies but I guess they decided to kick back a little and make themselves some real money. Hey, why not?

We're in a phase where the world is looking for confidence, and there isn't a lot to be found. I see no reason why BTC would be any more confident in the face of a global shit than stocks. This isn't one economy wrecking itself, it's everyone everywhere. That means pensions faltering, jobs going, taxes rising.

I've little doubt they will try absolutely everything to keep the illusion of solid markets going but it's hard to tell whether we're past the worst or it has only just begun.

I don't ever believe the 'priced in' crew. They said the exact same thing about previous ones along with oldies but goldies like 'mining death spiral'.

But this is a bit of excitement that peters out once the actual event is over. You have to wait quite some time for the true effects to be digested and start to influence things. If we are to get any proper action from it I'm not expecting any until well into next year.

Largely about maintaining an image I'll guess. All of these crypto companies secretly dream of being stumbled across by a Peter Thiel and being scooped up and they think SF is the place to be for it to happen. There's so much noise there you'd likely be better off in Idaho where a potato billionaire gets a boner for that thar tech stuff.

Of course it does. That's billions of dollars of churn with coins and dollars that rarely leave exchanges. If someone turns up with an urgent need to get rid of several thousand coins at once we'll sure as shit feel it reverberate through the market.

If there was a proper panic and everyone ran for the door you might be able to realise a respectable price for 1-5% of the entire supply before the price was flattened completely.

The reason for all the violent moves we get is the lack of liquidity.

To believe in the value of Bitcoin you need to understand the true nature of money, and how many people do you know who could give a comprehensive rundown of that? 

Education, or lack thereof, is the prime factor in my opinion. Everything else is beating around the bush in comparison.

North Korea will know alongside everyone else that a large part of the future conflicts and power games will take place online. No way are they not going to have trained hackers to let rip. They'll be part of the military.

As for that 'article', that's got to be the most piss weak effort I've read all year, and they cite Zerohedge to boot.

It can be that and still be useful to people. That's probably what he would be counting on. He probably has a giant chart in his bedsit with 'use' and 'propaganda' written on it and he adjusts the ratio depending on how he feels that day.

I didn't realise how extensive the Amazon referrals thing would be. We're going to see lots of services change because of it.

Fabio will always be 'my' pope.

If there was such a thing millions of people would be all over it in seconds. Nothing is that simple. Profit of that level does not arrive without a massive level of risk. Apply it to conventional finance. In most places you're lucky to get 1% a year risk free these days.

The only area worth paying attention to is government hacking. I'm sure they would take grrreat pleasure cleaning out American companies. So far it seems to South Koreans and the Japanese who are the stupidest and leave themselves wide open.

I would love to know how they manage to launder the funds they spirit away.

Well within our own lifetimes years we'll become conscious of whether transaction fees will be enough to keep enough miners on board. Maybe the block reward reduction is so lengthy because Satoshi foresaw it would need to be a process that took a long time to transition.

The alternative is that a 0.19 BTC block reward is a few million dollars in 20 years which works fine for me.

It can be found here. You can read it for free if you hand over an email address - https://www.realvision.com/gmi

Normally they charge for the stuff they publish I think. If you're a chart fan it'll make you cream your knickers.

Almost all of that volume is churn from coins inside exchanges that rarely leave. It's traders batting them between each other. It doesn't take a particularly large outside injection of fresh coins deposited solely to sell to really screw with the market.

There's been plenty of talk of the plustoken ponzi being the cause of heavy falls and that's a similar number to some of these wallets and they're stepping the sells over a long time.

The average North Korean has zero hope of ever getting anywhere near the normal internet other than on smuggled Chinese phones. They won't have any money to buy any even if they managed that. Even the most privileged North Koreans only get government intranet access.

Crypto is likely to be solely the preserve of government hackers and the extreme elite.

I got one mid March. On checking the price the exact same one is 2.5 times more now. It's supposed to cost 10c a week to run and makes a wonderful centralised location to be murdered for one's food supply.

If OP can get US and UK Amazon cards and from other companies to sell here then they should do fine. There's always steady demand for stuff like that. I'd even consider having one myself as long as he can guarantee I won't get a Hellfire up my arse.

Each card has different conditions that they'll state on the page for the individual card. Some will be online only, some will be in store only, most will be both.

This is H&M's entry for instance.



It's worth noting that Bitrefill charge a small premium unless you're paying with the lightning network. It's usually about 2-3%.

Giftoff should be cheaper if they have a card you want - https://giftoff.com/gift-cards?filters%5Bsort%5D=alpha&filters%5Bcategory%5D=any&filters%5Bcountry%5D=241&page=1

It could be related to the lawsuit Ripple have launched against Youtube for hosting videos using their name and the likeness of their chief penis to do giveaway cons. Since 'Ripple' and 'scam' fit together rather nicely in the mouth from whatever angle you take perhaps they have a bot that's gone mad.