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14701  Economy / Economics / Re: G20 & CRYPTOCURRENCIES on: December 04, 2018, 12:48:45 AM
We will regulate crypto-assets for anti-money laundering and countering the financing of terrorism in line with FATF standards and we will consider other responses as needed.

What a joke.

It was revealed just last week that Deutsche Bank, and potentially JP Morgan and Bank of America, are caught up in the Danske Bank money laundering scheme, this one worth around €200 billion ($227 billion). When a single money laundering scheme by the banks (and God knows how many there have been) has around double the value of the entire crypto market-cap, it's hard to take this nonsense seriously. 18 out of 20 of Europe's largest banks have been found to be involved in money laundering. UK banks alone launder an estimated £150 billion a year.

The vast majority of money laundering is performed by these banks, most of which have direct ties and links to the politicians of the G20. Statements like this are dressed up to be for the "common good", but it is entirely these self serving politicians looking out for their own interests.
14702  Economy / Services / Re: [Open] 🚀 Sportsbet.io 🚀 [Signature Campaign] 🚀 [Up to .01/week on: December 04, 2018, 12:26:21 AM
Payment received promptly as usual. Thanks again.
14703  Bitcoin / Bitcoin Discussion / Re: Whale owning more than $1 billion BTC just moved 66,000 BTC - Poss Dump Incoming on: December 04, 2018, 12:25:46 AM
The address in question has previously been stated online to be a Coinbase cold wallet. If you look at this transaction from 2013, you can see at least 7 other addresses linked to this address that are also holding or have held ~66,000 BTC. If you look at this address (1JufsDQbFckDAqFfhEECh78J2YcTucDTe1) for example, you can see that back in July last year it showed a similar pattern of activity of gradually splitting the funds over multiple addresses, down to around 100 BTC per address. These addresses then made multiple smaller transactions over the following months, likely paying out withdrawal requests from Coinbase customers.

Regardless, these funds are not being moved to an exchange, so it is unlikely to affect the market. If it is Coinbase as suspected, good to see they are moving the vast majority of these funds to Segwit addresses.
14704  Economy / Services / Re: [2 OPEN SLOTS] ChipMixer Signature Campaign | 0.00075 BTC/post on: December 02, 2018, 09:20:38 AM
Username: o_e_l_e_o
Post Count: 1997
BTC Address (must be SegWit): 3FPxnNg5At7kRXpx28tKuWjAT9J2dwjoYP

I am the 13th most merited user of all time.
14705  Bitcoin / Wallet software / Re: Where Can I Get the Cheapest Cobo Vault? on: December 01, 2018, 11:47:50 AM
Because the transaction is created and signed on the completely "offline" (airgapped) cobo wallet device itself... and you only use your smartphone to scan the QR code off the cobo's screen and then broadcast the transaction.

Makes sense, but I couldn't find that information on their indiegogo or their website. They just keep harping on about how it has military grade durability - because apparently being able to work down to -20 degrees Celsius and being sand and salt resistant is more important that any actual technical details. I'm not sure who is trying to spend crypto deep in the middle of the Sahara or the Antarctic, but given your phone has likely packed in long before then, you wouldn't be able to broadcast your transactions anyway. Grin
14706  Other / Meta / Re: Please Unban wawanwawan96 on: December 01, 2018, 11:31:35 AM
what should I answer? I have already acknowledged the mistake I made.

"I acknowledge that I was driving at 120mph while three times over the blood alcohol limit, and that is against the law".

"Oh ok, as long as you acknowledge it. You are free to go then." - No police officer ever.

Ignorantia juris non excusat.
14707  Other / Serious discussion / Re: So much talk about 'cultural appropriation', nonesense or a real issue? on: December 01, 2018, 11:27:56 AM
A Scottish guy invented the telephone. If you aren't Scottish, throw away your phones - you are stealing their culture. Acetaminophen was first used by a German. No more of that allowed outside Germany. And we are going to have to seize and destroy every car in the world not owned by the French. From now on, you can only use what your culture invented, for fear of offending someone.
14708  Economy / Economics / Re: Bank Of England Brexit FUD on: December 01, 2018, 11:11:20 AM
Quote
People with mortgages should have been tested up to at least a 4% level due to the new found "strength of the banks", if they haven't that's the banks fault for not allowing people enough contingency for a budget...

"strength of the banks"? Isn't that just more Bank of England random propaganda?
Systemic collapses are nonlinear. The reassurance that the banking industry has absorbed sufficient free QE "money" to survive certain modelling is meaningless in terms of the potentially huge societal impact of Brexit and related isolationist policies.

An increase in the base rate to 4% could be catastrophic, especially since it will be going along with higher unemployment, rampant inflation, lower wages and a house price crash.

A rise from the current 0.75% to 4% will add somewhere between £100 - £400+ pounds per month to mortgage repayments. depending on your outstanding balance and remaining term. A house price crash of 30% could add a similar amount on to your monthly repayments thanks to a lower LTV ratio. Predicted inflation of 6.5% and a drop of 25% in the value of the pound will compound this.

Landlords will pass this on to their tenants immediately, so everyone in the country will be paying this. We are talking anywhere between £300 to £1000 extra per household per month. Wage growth has been stagnant for years, and real term wages will fall even further after Brexit given the huge predicted inflation. We will also have another million people in unemployment and many many more on zero hour contracts. Many will be unable to afford these higher payments. Poverty will rise. Food bank usage will rise. Homelessness will rise. Deaths will happen. Everyone in the country except the millionaires that bankrolled this nonsense will have significantly less disposable income. The economy will tank.

This isn't random FUD, and if you are quite willing to turn a blind eye to children dying from starvation and homelessness because "we need to take back our sovereignty", then I'm not sure there's much else to be said. I mean, even her own party are resigning over the complete mess May has made of this.
14709  Bitcoin / Wallet software / Re: Where Can I Get the Cheapest Cobo Vault? on: November 30, 2018, 05:23:46 PM
The cheapest pre-order option that they have is USD$299... that is apparently $180 (37%) off the listed "normal" price of USD$479!!?! Shocked Shocked Shocked

What the hell? Who in their right mind is going to spend 3x-5x as much for a completely untested and unverified product? All you are going on are the promises of the company. Look at McAfee's Bitfi wallet for how well that has turned out in the past. You can get a Ledger or Trezor, which have both been extensively tested and verified by external sources, for less than $100. I am also still unclear as to how they can promise such security since apparently you have to use an app on your smartphone to send transactions.
14710  Economy / Gambling discussion / Re: Cloudbet's English Premier League Football Pool Discussion Thread on: November 30, 2018, 05:10:27 PM
I will be really pissed off if we don’t beat Everton especially after that cuckold performance in Paris last night.

You mentioned in the other thread you were predicting 3-1 to Liverpool. That was going to be my prediction in Superbru - I'm just putting my picks in at the moment. Now given that you are in first, and I am 8.5 points behind you, I have to weight up whether I stick to my guns, or decide to go for a different score it and make make that game a differential between us. But you are in first, and Liverpool are your team, so logic suggests your predictions would be the most accurate.

Or maybe I'm just overthinking the whole thing. Grin
14711  Other / Meta / Re: Legendary account banned? on: November 30, 2018, 05:03:40 PM
It seems quite obvious to me that the copied content was from Cryptopia, even without "quotes" or "reference" even though it should've been noted that the author was Cryptopia. E.g. that "We will provide..." obviously hints that it's a copy paste from some announcement by Cryptopia. Or in other words, I don't see that anyone really took this content to be written by the banned user, as it is obvious that it's Cryptopia's announcement. Not something that plagiarism is...

I agree with you regarding this one post from Cryptopia, but if you read down the thread, he has been busted multiple times for plagiarism. On one occasion he even pasted his own referral link at the bottom of a plagiarized post - i.e. he knew fine well what he was doing and was doing it for monetary gain.
14712  Economy / Economics / Re: Bank Of England Brexit FUD on: November 29, 2018, 09:24:48 PM
Quote
Unemployment would rise to 7.5%
7.5%? So that's still not a huge amount?

Any rise in unemployment is bad. Currently 20% of the UK live in poverty and 1 in 200 people are homeless. Those are not statistics we want to rise.


Quote
house prices fall by 30% and commercial property prices collapse by 48%.
That's good considering they seem to be in a bubble phase anyway.

That's terrible. If my house price falls by 30%, then my LTV also falls massively when my fixed term mortgage is up in 2/3/5 years and I have to remortgage. I will get a much worse deal, and my monthly payments will go up significantly (even more so if the interest rates rise). Suddenly the entire country has much less disposable income, and spending decreases to account for this. The economy tanks.


Quote
Interest rates would reach 4%.
So my bank will no longer take the money I invest in it for granted and will have to offer me more interest? Wait a second, what's wrong with that Grin.

Except that's not how the banks work, because they are greedy self-serving assholes. Look at the last interest rate rise or the one before that. Banks increased the costs of their variable mortgages literally the same day, but we are now months down the line and most savings accounts remain unchanged. They pass on the costs but absorb the profit. The same thing would happen with further rises - mortgages and loan repayments would go up, interest on your savings would stay unchanged.
14713  Other / Politics & Society / Re: How much do you use AI assistants? on: November 29, 2018, 09:04:29 PM
Not at all - these things are a privacy nightmare. They are literally recording everything they hear all the time and are constantly sending that data back to Google/Amazon/whoever for storage and analysis. People are so lazy these days will willingly give away all their privacy so they don't have to get up to turn off the lights.
14714  Economy / Economics / Re: Some guy thinks the dollar is the only currency and bitcoin doesn’t fork on: November 29, 2018, 08:59:28 PM
Some of these YouTubers irritate me. The things they say doesn’t make any sense, they just want to record themselves and put in YouTube while they say what’s not really making any sense. I don’t even spend my internetdata on YouTube watching all this, not when there are helpful articles to read online.

"Some of these YouTubers". You maybe want to watch the video before completely writing it off - its Warren Buffet, the third richest man in the world, not just some random "YouTuber".

It is definitely worth listening to what he has to say. Sure, we may disagree with his views, but you have to listen to them and formulate sound and reasoned arguments to refute them. You can't just ignore everything he has to say or write it off as "FUD" as some people in this thread seem to be doing. The man didn't get to his current position by being an idiot.
14715  Other / Politics & Society / Re: Healthcare in the US is a disaster! Warning: Rant on: November 29, 2018, 08:51:47 PM
Most people don't have the slightest clue about pricing

Can you blame them when it's that complicated? Here's the pricing in most developed countries: Every treatment/prescription/surgery/therapy/consultation: $0.

pre-existing condition exclusions (pregnancy was obviously one of those)

Lol. Just lol.
14716  Bitcoin / Bitcoin Discussion / Re: A different perspective on Bitcoin's price development: Logarithmic Growth on: November 29, 2018, 08:46:25 PM
When Lightning Network is out of beta alpha, then this could create another short-term exponential rush into BTC.

I respectfully disagree. The vast majority of people who aren't involved in bitcoin don't understand how bitcoin works. Hell, the majority of people who are involved with bitcoin don't understand how it works. People on this forum and reddit/medium/steemit/etc. might get swept up in the hype surrounding LN, but I doubt it will make a significant impact on widespread adoption. We already had an extended period of very cheap fees and rapid confirmations, and the price continued to fall throughout. Sure, LN is going to help long-term, but I don't think its release will cause a short-term rush, as you put it.
14717  Economy / Exchanges / Re: Blocked 1200 BTC Binance Account: Lost in Doubts on: November 29, 2018, 08:42:32 PM
I totally agree that at least they had to share any proper reason for blocking my account, but they keep telling me that I have to remain patient.

No, they absolutely do not. You have around $7-8 million dollars on their platform at the time your account was locked for suspicious fraudulent activity. They have stated an external investigation is ongoing - i.e. law enforcement. This means they are bound by law to co-operate with the investigation and keep your account frozen until it is complete. They are also bound by law not to disclose any details of the investigations, and since the investigation is not being carried out by them but by law enforcement agencies, they have absolutely zero control over how long it will take.

If you didn't want to be investigated by law enforcement, then you shouldn't have engaged in suspicious activities. Now that they are investigating you, it's definitely in your best interest to stop spamming details of the case all over the internet. You would be wise to lock this thread.
14718  Other / Politics & Society / Re: Healthcare in the US is a disaster! Warning: Rant on: November 29, 2018, 08:23:45 PM
Bernie Sanders released a brilliant video that showcases the differences in healthcare between the UK and US.
https://www.youtube.com/watch?v=Cen5fkIwFjU

That video is ridiculous. I love the Fox News anchor foaming at the mouth with rage about the UK health service, when UK healthcare demonstrably and provably outranks US healthcare in every measurable way, including access to care and timeliness of care. Also, $1000 a month for insulin is utterly insane. Here are a few screenshots from the UK's national drug formulary. Each of these are for vials of 1000 units of various types of insulin, which would last a month or more for most people:









So we are talking around 1-2% of the price that someone in the US is being charged. But UK residents don't even have to pay that - they get it for free. And the UK government spends literally half as much of its GDP on healthcare as the US government spends. If this doesn't convince you that US healthcare is broken, then I don't know what will.

As a side note, is this why US residents are so averse to socialized healthcare? Do they honestly believe the price of insulin is $1000 a month? Or that it costs $40,000 to give birth or have a joint replaced? Or that a cancer treatment costs $300,000-$1,000,000. I always figured people realized they were being monumentally ripped off. But I suppose if they honestly believe those are the prices, and they believed that their taxes would have to go up even more so the government could spend even more of its GDP to cover a socialized plan, it would explain why they are so against it. It's completely wrong, but it's a possible explanation.
14719  Bitcoin / Bitcoin Discussion / Re: A different perspective on Bitcoin's price development: Logarithmic Growth on: November 28, 2018, 10:12:03 PM
An interesting graph for sure, but as with all retro-fitted charts, it's only true until it isn't. I can fit 100 different curves, lines, wedges and triangles to the recent bitcoin price movements which mean nothing at all.

Still, using this graph, we've only really fallen below the lower 50% confidence interval twice in the past, and on both times it has taken years before a recovery to above the mean. The first time in 2011 took about a year and a half, and the second time in 2014 took about two and half years. If we are following this pattern, although we might see some slow general upwards trends in the price over the next few years, it will be in to the 2020s before we reach 20k again.
14720  Other / Meta / Re: Is there a point to this board? on: November 28, 2018, 08:41:50 PM
I don't see P&S purpose as needing to change someone's mind. Just learning different points of view is valuable.

Exactly. Thanks to the internet, more and more we live in echo chambers. We are friends with people who share our views, and therefore our Facebooks are filled with posts that align to these views. We follow celebrities and political figures on Twitter who share similar opinions as us. We read from right-wing or left-wing websites which reinforce our biases. Because of the internet, we can rapidly find other people who share our opinions and form online groups or cliques to shield ourselves from opposing points of view.

If you don't know the opposing views, then you can't fully examine your own positions. If you don't have to defend your opinions against arguments, then how can you really be sure in what you believe? If you aren't exposed to new perspectives, then you won't grow as a person.

"You give me the awful impression, I hate to have to say it, of someone who hasn't read any of the arguments against your position ever." - Christopher Hitchens
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