What about bitcoin forks? What about Dash that was closely related to bitcoin.

They're going too far with this, it's a witch hunt, they don't want to regulate anything. All they're doing is stirring the pot like Gensler is trying to show the world he wasn't in cahoots with SBF.
It may look real for the average person who watches mainstream media but if you read the fine print there's so many red flags.

Why did Gensler ignore Coinbase for so long and allow it to go public?

Why did he change his stance right before the election year?

Why was Gensler meeting in person with SBF but not Armstrong?

Why did Blackrock appoint Coinbase as partner in their new bitcoin ETF right after Coinbase was sued by the SEC?

Congratulations to all the winners! The rewards were distributed in a fair way, since all the winners made great looking pizzas, so dividing the prize was a great idea.

Thanks to all who voted for me. I wasn't expecting to get into the top 10!  Much love and see you in the next one.

It's a fake crackdown if you look into it.



As you can see, a lot of mining is taking place in China. This is data from this year.
And we have this piece
https://cointelegraph.com/news/hong-kong-legislator-invites-coinbase-to-the-region-amid-sec-scrutiny

I think that 2021 fake crackdown was done only to make introduction of CBDC easier and warn people that moving money out of the country via crypto is illegal.
The Chinese are smart. They know bitcoin cannot be banned, which is why they want to to make Hong Kong into a crypto hub.

Freedom is an enemy in China and you keep your friends close and enemies closer. If they get control of a large part of the industry they'll be able to influence it without officially fighting it.
 

You're right about that. The exchanges do not operate outside the law. They operate outside of Gary Gensler's interpretation of the law.

Coinbase got licensed by the FCA, has Arizona Money Transmitter license and was allowed by the SEC to go public on Nasdaq, so they were seeking guidance and approval from various agencies, but now the SEC is saying they were unlicensed. I don't like Coinbase for the way they're peddling shitcons and for their high fees, but they were trying to operate within the boundaries of the law. 

Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=930591
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Most unfortunately are.
You had strong hands early on because, I'm guessing here, you had very little bitcoin.

It's easy to be a strong, dedicated holder as a newbie when your investment is a very small part of your total net worth. If you make 1000 USD a month and you have $500 in bitcoin and it goes down 10% so you're left with 450, you won't even care. Try holding your yearly salary of 12000 in bitcoin and watching it go through a bear market with a loss of 60% and you'll see if you're a strong or a weak hand.

From my experience, the first bear market was very hard, but the second one is easy.

Easy to quit for a while, easy to stop betting frequently or limit hours spent on gambling.

Very hard to stop completely.

Most gamblers find it easy to limit their activity and go from daily gambling to doing it on weekends. Staying away from betting for a month or two is usually hard. I'd probably be able to limit myself to doing it once a month, but I'll probably never stop because it's a social activity for me. I'd have to change all my friends and stop going out

In every business there are winners and losers. Those who lost money to stock market are called liquidity providers. Nothing wrong with that from the ethical and economical point of view.
They played the game and lost.


I don't know about fast women, but I prefer if my men aren't too fast

It's funny when people still read bitboy's tweets and quote them. This guy is scum who kept telling people to buy all the shitcoins that later went to 0, not to mention his involvement in FTX.

Back on topic.
The SEC is blinded by its hate towards crypto after Gary Gensler got grilled in the Congress for not knowing about FTX being insolvent.
Let's get some facts here.

Gensler used to do courses on crypto. He wasn't anti-crypto.
Gensler met with SBF in person more than once and did not see that SBF was full of shit.
After the FTX collapse he became anti-crypto. He recently said that the US dollar is the only digital currency that we need and that we don't need more cryptocurrencies because fiat money is going digital. He obvously hates the industry and wants to show it to the world.
Brian Armstrong said that he wanted to meet with Gensler a few times and he always declined.
Why would Gensler meet with SBF but not Armstrong? Why would the chair of the CFTC meet with Armstrong but the chair of the SEC avoids him?

Is it possible Gensler was being promised some benefits by SBF which is why he was so eager to repeatedly meet with him, but SBF obviously failed to deliver?
Is it possible that Gensler feels cheated by the indoustry?
He's going too far with this litigation, that I'm sure of.

How should he measure his savings then? You can say what you want how the price can be volatile and we should invest what we can afford to lose and all that, but it won't change the fact that if someone spends 1000 dollars buying bitcoin and uses 10% of his savings, that person expect to see a similar number to be there after some time, especially when he reads articles where bitcoin is referred to as inflation hedge.

I agree with OP here. Bitcoin is caught up in all the altcoin drama.
The silver lining is that while price is affected the protocol is not. Price is and will be affected because many people who have bitcoin on binance see an easier way our in selling than moving to self-custody. Many of these people don't even know how to do it so all they can do is sell and withdraw fiat .

Calm down and don't panic. The proposal was dropped, there won't be any 30% mining tax in the US!

https://blockworks.co/news/crypto-mining-tax-debt-ceiling

The tax was outrageous in the first place and meant to destroy mining in the US. We all know that there can be acceptable and unacceptable taxes. Miners already pay income tax on their profits, so adding another large tax on top of it would force them out of business and would be unjust towards miners. Other businesses don't have to pay additional 30% in order to operate.

Allowing a data center to work without a 30% tax and taxing the same data center for switching from storage to mining is stupid.

Don't worry about it, it's the effort that counts.
I don't know how it tasted, but the deal was to make a pizza and your product looks like a pizza. It cannot be mistaken for anything else meaning the goal was reached!

Hey boys and girls, here's my pizza.

Traditional dough, although a bit on the thick side (American style)
Tomato sauce with basil and oregano
Cheddar cheese
Lithuanian matured sausage
Orange bell peppers (to orange-pill my family)
Dried tomatoes in oil

I can't put myself in a place of a die-hard fan because I've never been one but I watch some football and bet on sports and I'd bet against players and fighters that I like if I knew they're performing poorly or are on a loosing streak.

I like them and but a bet is a bet. If someone told me they want to bet against the team that I like and I knew the team is not doing good I wouldn't take the bet either.

Username: pixie85
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I agree with the above. It's more likely they're targeting non-compliant exchanges and shitcoin pushing companies.
Even the memo said that they want to classify almost all cryptocurrencies as securities, because, guess what, that's what they are!

I'm a bitcoiner and I care how my bitcoin is classified and this is clearly a commodity according to the US gov. If they hit a few shitcoins, I'm not going to cry.
If they make some pepe or shiba inu investors lose money I won't cry either.

You've started 3 topics about this in the same day. One of them was moved to off-topic and these two should either be merged, or one of them deleted.
You're spamming the forum!

Either post here, or in your second thread not in both.

With no proof there's no scam accusation.

So, let's begin with the fact that government selling of bitcoin is FUD and people repeating this around the forum should be ashamed.

Really guys, are you so scared of the gov sales? They will happen at some point, but maybe the coins will be sold OTC, on auction. What if a whale decides to sell? It's all redistribution of bitcoin from large holders to small holders. It's been happening for years and it's going to keep happening as price goes up.

It doesn't matter since there's a limited number of bitcoin in circulation and there's not enough of it even for all millionaires in the world to hold 1.
It seems we need that last little bit of panic, for people who bought thinking the bear market is over to get scared and sell, just like in 2019.

It said "don't dead open inside" so no wonder George got fooled.
Only a matter of time before he becomes an NFT



The clickbait gang
Omg you have to see this- bitcoin went up 1%! Are we in a bull market?
Omg check this out - bitcoin went down 1%! Is it over for bitcoin?

Don't know why they'd need a bank statement. Are you sending bitcoin from or to a bank?

In a situation where a client sends cryptocurrency to a casino and withdraws only cryptocurrency back to a wallet, there's no need to ask for a bank statement. Furthermore, a person using crypto may not even have a bank account. In many countries people are unbanked. They receive cash from their employer and use it to pay their bills and buy food, but they can have a phone with a crypto wallet that can be used to gamble.

I'd tell the casino that I demand my money back and will provide the normal KYC documents like a selfie with an ID, but will not give them any bank statements because I don't own a bank account. Do that and see what they come up with