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1801  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 07, 2020, 11:09:51 PM
I'm not a specialist in discussing US politics, but someone from the US please correct me if I'm getting it wrong:

Will the spreading of the coronavirus in the US benefit Sanders against Biden? Sanders is (arguably) the politician from whom I've heard about healthcare improvement the most; IMO, the failure of the healthcare system in the USA at this point will give the old man some extra advantage in his campaign.

Surely Donald will wind up looking so deranged and callous by the time this has played out they'll be able to put Lenin up against him and he'd probably give him a kicking.

You can be lying baby when times are smooth. People will not forgive or forget if the same happens when the shit hits the fan which of course it will.

Then again - https://youtu.be/LtDEeerGEJA
1802  Other / Meta / Re: Forum merit system on: March 07, 2020, 10:14:57 PM
Understood. This is not complain about amount but the purpose of the merit scheme and if we will look at it carefully the merit system which was actually created to improve quality posts have failed.

Disagree. It might often go to the wrong places in the opinions of some but I can tell when someone has a healthy merit count without looking at the score just by the way they write, and the same goes for people who've earned none. The rewards are going to the people who should get them.

It might not improve the quality of the hopeless. There's now enough merited posters for them to read and learn what does attract it.
1803  Other / Meta / Re: Forum merit system on: March 07, 2020, 06:47:15 PM
Every merit score is a collective vote open to anyone.

I do not believe the probable majority of merit earned in the WO thread would have a hope in hell of being merited elsewhere but it's everyone's personal choice where that merit is sent.

The most egregious examples of merit piss taking between clearly worthless posts or accounts are usually picked up on and singled out rapidly so I think it's doing the job it was intended to do with the odd weird outlier.

And why are you not moaning about threads about merit stats? That's the true bottomless pit for the throwing around of merit.
1804  Bitcoin / Bitcoin Discussion / Re: Coinbase CEO-'still up in the air which chain gets crypto from 50m to 5b users' on: March 07, 2020, 01:59:14 PM
But there's also the opposite tack which is by listing whatever they're endorsing it.

He's in a bit of a tricky position as purveying a glossy and reassuring image while being a portal to a screeching mess.

Bch has been 51% attacked. Coinbase have been tweeting about eos's functionality failing.

Look at what happened to iota with their total chain shutdown.

I get that they need the shitcoin masses but that also brings the potential for disaster.
1805  Bitcoin / Bitcoin Discussion / Re: Coinbase CEO-'still up in the air which chain gets crypto from 50m to 5b users' on: March 07, 2020, 10:35:35 AM
in 2017, coinbase watched as endless waves of investors bought into BTC through coinbase but immediately sent all their coins to poloniex, bittrex, and binance to trade shitcoins. i almost felt bad for them. they were vital to the ecosystem and they paid through the nose on AML compliance, but shitcoin exchanges who didn't even require KYC were raking in all the dough.

they obviously don't intend on letting that happen again. they know (as well as i do) that altcoins will go crazy again in the next bubble, and they are positioning themselves accordingly. in april 2017, coinbase only had BTC and ETH listed. now they have dozens of shitcoins, something like ~60 markets in all, and more to come i'm sure.

their shareholders value profits over loyalty to bitcoin. no surprise there. it's just business.

I think that's fair enough but it's ever so slightly disingenuous of him to pretend that all the shit they're touting is somehow vying for the crown. And it is more than business for him in particular. I can't think of many other bigwigs who pussy out at remarking on reality.

Maybe that's how you get people through the door but if it were me I would remain neutral at best and acknowledge Bitcoin's position.

1806  Bitcoin / Bitcoin Discussion / Re: Whats the best and safest way to convert Large Sums of Bitcoins into Dollars and on: March 07, 2020, 12:19:33 AM
Contact an OTC broker. They will have clients waiting to buy large amounts and they will match you to them. If everyone's happy with the price then the sale proceeds. If it's a truly large amount I would not risk it on an exchange. You'll have slippage and the exchange might freak out and freeze you. Neither is an issue with a proper OTC broker.

Genesis Trading is one, Kraken now have a dedicated OTC operation and there are others like Itbit and a few more. Do not mistake P2P for OTC.
1807  Bitcoin / Bitcoin Discussion / Re: Bitcoin's End Game on: March 07, 2020, 12:14:41 AM
In my opinion, we are still very far from bitcoin's end. It is true, that someday, in the future, bitcoin may be obsolete because of maybe another advanced technology that will be invented.

Bitcoin's value is in its principles, trust earned, ledger and of course its users. Those can be ported to new and exotic systems in the future. By the time we're vegetables it's possible there'll be something called Bitcoin that recognises today's private keys but it won't have any resemblance to what we're using now.
1808  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 07, 2020, 12:12:51 AM
I was thinking about my private medical insurance which is supposed to cover me worldwide... but, yeah, probably there are lots of exclusions that I never even bothered to read... But I have just checked that it seems that there is a maximum cover of 50000€ which, after knowing the completely ridiculous prices of medical services in US, it's almost a joke.

Not only it would be a very bad idea to go during a pandemic... but I am also questioning myself if I should ever come back there after realising this. Geez... I was way happier when living on ignorance.

I would never think to assume private medical insurance worked abroad. What you need is travel insurance. Even the crappiest travel insurance bought in the UK covers you for £5-10 million of expense. I'm quite tempted to go above that and see what happens but I'm not sure what ailment I would need. Maybe give birth to siamese twins with AIDS?

And there's no way at all I would ever go anywhere near the US without the best possible insurance.
1809  Other / Beginners & Help / Re: What age would you recommend the forum to ? on: March 06, 2020, 09:42:58 PM
This forum is fit for adults only and members that have further experience in the cryptocurrency and digital world. Imagine having this forum being bombarded with immature people who are most likely to be close minded and war freak. Especially, teenagers nowadays often tend to have short patience and easily lose their tempt. Therefore, never mention the forum onto people that aren't that kind of interested and greedy. Let's make this forum a community of professionals, and never let kiddos aged 16 and below bombard us with their obvious and unnecessary questions.

That's slightly insulting to the average young person. This forum's biggest problem is adults who can't speak English scraping desperately for pennies. One thing it is not is a community of professionals. And many young folks know more about computing than any adult ever will.
1810  Other / Meta / Re: How to handle trolls, haters and spammers? on: March 06, 2020, 08:50:36 PM
Ignoring looks like good advice on paper but there some genuine grade A psychos who can fill a thread 24/7 to the extent that the entire thing grinds to a halt. Once someone develops an irrational grudge that can feed them to a limitless extent.

Self moderation can be an unappetising look and it would certainly reduce my trust and interest in the subject but sometimes it's the only way. I guess the best you can hope for is that you have enough genuine contributors to drown them out.
1811  Bitcoin / Bitcoin Discussion / Re: Bitcoin's End Game on: March 06, 2020, 07:55:07 PM
My guess is that once governments start circulating their own digital currencies, they will try to crackdown on Bitcoin and other cryptocurrencies as we know them. It's no secret that the entire crypto space is largely dependent on centralized infrastructure (centralized exchanges, centralized wallet services, etc). People will not want to use something that's considered "illegal" by worldwide governments.

Centralbankcoin will make the case for Bitcoin even more compelling than it was before and make the informed want out of the conventional system more than ever. They're not letting up in their lever pulling and it'll become clearer than ever that a system they have total control and surveillance over will be subject to even more weirdness.

I'm not sure what proportion of the population will care about that but it's certainly not a proportion that's going to shrink. As for illegalising it, I can see it happening in crackpot shitholes and piece of shit administrations like India.

In better developed places it's slowly creeping into conventional portfolios. If things like GBTC wind up in millions of pension funds I don't see how that can be rescinded without there being a shitstorm. It's a bit tricky to pull the rug just because it makes you sad.

People will of course refer to the gold seizures in the 1930s. It's a very different world now. Money is an awful lot more mobile and populations are a lot more vocal and a lot less likely to fall in line.
1812  Economy / Service Discussion / Re: Cryptotalk Future on: March 06, 2020, 07:41:49 PM
More and more countries getting added into the ban list of getting paid. Yeah bright future for them ahead (Sarcasm). Tongue

If I were living in a bucket of my own faecal matter in a third world slum somewhere I would've anticipated such an outcome and initially signed up with a VPN signalling I was living somewhere like here -



Anyone who came from here should've noticed how loathed, mindless and relentless barely coherent shitposters are and done their best to distance themselves from it.
1813  Bitcoin / Bitcoin Discussion / Coinbase CEO-'still up in the air which chain gets crypto from 50m to 5b users' on: March 06, 2020, 07:32:50 PM
https://twitter.com/brian_armstrong/status/1235314764219322371

Thread here - https://twitter.com/brian_armstrong/status/1235309368918388736

Now we know how much Brian Armstrong dislikes Bitcoin. Despite it being the very foundation of everything he's built he still can't bring himself to say many or any complimentary things about it.

Do you reckon he has the slightest point or is it the hopeless ramblings of someone who wants you buy as many shitcoins off him as possible and wees himself in the face of the one project immune to his power?

As far as I can tell every single other potential contender is a broken joke in some way and every day that doesn't introduce something 'better' makes it less likely. There are still a lot of things to address but nothing else appears to understand that you can't do that unless the underlying foundations respect the principles on which it's built.
1814  Bitcoin / Legal / Re: Bitcoin is now legal in india. on: March 06, 2020, 07:17:43 PM
Banks are now allowed to partner with exchanges again.

The question is - will they want to?

Banks give accounts entirely at their discretion. Just because this has been lifted doesn't mean the regulation is any clearer.

For the sake of crypto fans in India I hope a bank does look into it but it may not happen and the government is appealing it - https://www.coindesk.com/indias-central-bank-plans-to-fight-supreme-court-crypto-ruling

Would you serve a few thousand customers or ignore them to avoid pissing off the RBI?
1815  Bitcoin / Bitcoin Discussion / Re: Would You Rent A Car With Bitcoin? on: March 06, 2020, 05:42:38 PM
Not good choose for rent a car with bitcoin because bitcoin price always have potential to higher, maybe you can ask for your car company available for rent car with payment using altcoin like doge or ethereum, its more benefit because both altcoin some time going down.

Comes a time when you need to start living and not just hoard. Of course the price may be higher in future but I'd happily spend it on enjoyable things as long as I had enough of it elsewhere.

And alts, whatever their merits or lack thereof, usually do waaay better than BTC during explosions. I got rid of some shitcoins to buy a VR headset. Less than two months later that had turned into a $10,000 headset. And it was crap.
1816  Other / Beginners & Help / Re: What age would you recommend the forum to ? on: March 06, 2020, 02:11:32 PM
These days the average 12-13 yr old is watching Tiny Asian Teen Anal Creampie 92 on their phones. I do not see this place as any more of a threat to their purity than anywhere else on the internet. I was quite contentedly watching Driller Killer on bootleg VHS tapes at that age.

Tons of young people that age are into coding and gaming. This is an up and coming area of computer science so it's likely they'd find it themselves anyway if they already had an interest in that. Also the lack of financial education out there seems pretty disgraceful so exploring it should be encouraged.

But I would find it very frustrating to be introduced to it and be effectively locked out of it unless my parents were on hand to sign me up to buy or sell it. I would be inclined to send them to more generalised resources. They'll find this joint off their own back if they get into it.
1817  Bitcoin / Bitcoin Discussion / Re: New York Bitcoin Mining Machine. on: March 06, 2020, 02:01:15 PM
Eventually either miners will be commissioning their own power plants or power companies will be contracting miners to mine on site. The two are going to converge somewhere in the middle. I don't see the existing status quo continuing.
1818  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Blockchain in Hollywood Movies on: March 06, 2020, 01:04:09 PM
I'm not that much of a movie freak, but I'll make sure I do watch a couple of the movies listed in this thread at least if not for anything, for the sake or our major concern:Bitcoin

It's a golden rule that the more informed you are about a subject the more outraged you'll be by Hollywood's treatment of it. If you have blood pressure problems you may want to get someone else to watch it and report back to you.

I'm more interested in stuff that'll emerge from stories that originate from the scene itself rather than having it glued to the usual dross. If the full truth ever emerges about Silk Road that would make for a fascinating flick.
1819  Economy / Service Discussion / Re: Do you prefer to buy bitcoin or do bitcoin mining? on: March 06, 2020, 10:59:01 AM
Not anyone here investing in a "verified" cloud mining platform? all are scammed?? Huh

It sounds to me more like you are an investor in a real mine.

Cloud mining arranged via internet, which is normally how it happens with no option of seeing real mining, is almost always a ponzi scheme that never actually exists. They usually post photos of someone else's equipment and then keep taking money from new customers/victims to pay the old ones until the game ends.
1820  Economy / Service Discussion / Re: Do you prefer to buy bitcoin or do bitcoin mining? on: March 05, 2020, 11:49:43 PM
I arrived in 2013 and even then mining made no sense to me. I guess at least there are established supplies of miners these days whereas most people got fucked with pre orders back then and missed out on profitable mining even if they eventually received their machine. Even so I still would never think of mining.
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