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1841  Bitcoin / Press / Re: [2020-03-02] Mike Novogratz Explains Why Bitcoin (BTC) Is Failing as Safe Haven on: March 03, 2020, 04:58:27 PM
Novogratz is basically assuming that most stock holders are also Bitcoin holders that's why there is also a sell off happening in the market which I doubt is correct. There is no studies that shows investors in the stock market are also holding Bitcoin nor any studies that denies it.

I have no doubt that a decent number of big Wall St willies do have some BTC now, enough to have an effect if they decide to offload. It doesn't exist in a vacuum of its own creation any more. It would be a lot easier to think that if this were 2013.

I don't know or care whether that affects the current price action but it's time to start considering correlation when ownership overlaps with the normal markets.
1842  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 03, 2020, 04:03:00 PM
Hey, you guys wanted population control. And your prayers were heard. Everyone has a 50 to 1 chance to survive this. May the odds be in your favor. Good luck.

I am typing this from the interior of my mausoleum. I commissioned a stone keyboard too. If you start living like a dead person right now the chances are extremely high that you'll survive.
1843  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 03, 2020, 02:21:53 PM
TL;DR Keep calm and wash hands.

Pah. I cannae wait to set sail across an ocean of pus and sputum. I will fish for regurgitated hospital food as I slurp my way to the high ground. I might need to boil it first.
1844  Bitcoin / Press / Re: [2020-03-02] Mike Novogratz Explains Why Bitcoin (BTC) Is Failing as Safe Haven on: March 03, 2020, 02:17:26 PM
I agree with you, short term, cash is fine, but not long term.  As far as whether bitcoin would thrive, I think a lot depends on uptake.  Every year with more people holding it as a safe haven, and particularly this year with the new supply halving, bitcoin becomes more and more a tool to protect one's wealth from authoritarians the world over who will use any means possible to obtain someone else's wealth.

One potential upside is that the willingness of governments to throw every last fleck of shit at the wall to prop the whole thing up will become ever starker and it might drive more people to think the whole thing through and look for alternatives.

I'm sure more and more people are looking at their own standard of living since 2008 and the numbers being claimed and wondering where that supposed prosperity is.

That's something that'll pay off considerably further down the line than right now but some day it will. In the meantime we'll just have to man up and hunker down.
1845  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Blockchain in Hollywood Movies on: March 03, 2020, 01:54:09 PM
This TV series Almost Human came out in 2013 - https://www.youtube.com/watch?v=_sXcxP6LuYk 

It has one of the earliest mentions I can think of from film and TV. It's set in 2048 or something and they use 'Bitcoin sticks' to do contactless payment type things.

1846  Economy / Economics / Re: Bitcoin and Diamond on: March 03, 2020, 01:11:53 PM
The diamond market has got to be one of the greatest and hokiest plays of all time.

How a market cornered by one entity that managed to convince millions of people to part with large amounts of money they will never recover AND with viable artificial versions now available is considered in the context of real finance is beyond me.

It strikes me as a weird little dead end that lives in a world of its own.
1847  Economy / Digital goods / Re: I want an honest poll, what range would you value this crypto domain? on: March 03, 2020, 12:22:30 PM
Never in all my years have I seen a crypto related domain raise significant interest on here.

If I had similar I would not bother with this place and go hype it where people are a lot less jaded. It's the same as crypto stuff being sold on here vs Ebay. Ebay attracts the ill informed dreamers who are willing to pay vastly more. This place has pragmatists who will head the other way.
1848  Bitcoin / Press / Re: [2020-03-02] Mike Novogratz Explains Why Bitcoin (BTC) Is Failing as Safe Haven on: March 03, 2020, 11:13:59 AM
Anyone who believes BTC will thrive in a global cratering in its current position has spent too long reading r/bitcoin and nothing else. In a decade or two there might the glimmer of a possibility. Deffo not now.

And cash of course is not a great thing to be in long term, however it's not for the long term. All the same I wouldn't want to attempt to time it.
1849  Bitcoin / Bitcoin Discussion / Re: Visa approves Coinbase as Principal Member - big step for mass adoption? on: March 03, 2020, 10:30:52 AM
Plenty of companies already have cryptocurrency debit cards that are issued by Visa, I don't think that Coinbase becoming a principal member will do much for its position in the space.

Realistically, the Coinbase debit card will bring with it the high fees and strict KYC requirements that the Coinbase.com platform has, which will always leave it at a disadvantage against cheaper, more relaxed alternatives like the Revolut card and Crypto.com card.

Coinbase is for noobs, and few us here are complete noobs anymore.

There are indeed other options but most of those companies are flaky and many don't seem to last very long. I fully expect the other crypto cards I have to vanish at any moment. I well remember the way the Xapo and Bitpay cards stopped immediately and there were people with thousands of dollars on them with no other form of spending stuck in far off countries.

With this announcement I'd be fully confident in starting to run a few more aspects of my life through a Coinbase card if that was my thing.
1850  Bitcoin / Bitcoin Discussion / Re: Can porn sites make bitcoin more popular or will it brings negative effects? on: March 02, 2020, 03:33:27 PM
Porn always runs towards technology sooner than other areas. Bitcoin is no exception. We see sexpeople pop up here quite regularly investigating it because they've had problems with conventional banking.

What they'll have to do is cut out payment processors and seek out their own solutions as they're just moving the problem one level down. I seem to remember Bitpay freezing out several industries because ultimately they answer to the banks above all.

I'm curious to know who actually pays for it any more. I guess it's more for the personalised end of things.
1851  Bitcoin / Legal / Re: The US closes big sale of $40 million Bitcoin on: March 02, 2020, 11:30:20 AM
'But will they regret it?'

It's time Bitcoin fans gave up worrying about the US government missing out on those mad gainz. I'm sure the government will do just fine but feel free to donate to them if you're getting sleepless nights over it.


Since this was a public auction and the winners will have to wire transfer their payments in order to receive their Bitcoin doesn't it make the winners be identified through their bank accounts' KYC? The BTC literally will be coming from the authorities and there is a big possibility that all of those auctioned Bitcoins are now monitored and chances are the winners as well will be monitored after they obtain it. Is it possible that this is some kind of sneaky way to do surveillance for Bitcoin users around the US?

It's not just any old prick who can bid. You had to pre register and put money down otherwise it would trolled into the ground. The people who did bid are hardly going to be worried about the government knowing where the coins go or disguising their origin. They'll want to preserve that stamp of authenticity.
1852  Economy / Exchanges / Re: Coinbase now has its own debit card on: March 02, 2020, 10:51:25 AM
one good thing about the coinbase card is that your crypto is only converted to fiat when you spend it on something whilst for a lot of other cards your crypto will be converted to fiat when you top up the card. (and it's available in my country)

I have cards that do both. They both have useful points. Sometimes you want to secure a certain amount of fiat ahead of time. It's very annoying when you were planning a purchase and there's a huge change in the exchange rate before you're ready to buy. I wouldn't want only one option.
1853  Other / Meta / Re: How much time a day do you dedicate to Bitcointalk? on: March 02, 2020, 02:25:24 AM
If I were female in here I likely would not mention it. It often provokes some verrry strange reactions.

Similarly the people who do declare themselves female in here are likely to be 11 yr boys trying to sell their grandmother's underpants passed off as some lithe gym bimbette's workout clothes.
1854  Bitcoin / Bitcoin Discussion / Re: Visa approves Coinbase as Principal Member - big step for mass adoption? on: March 02, 2020, 01:47:57 AM
This is absolutely fake. There is no way the could ban anyone just for using cryptocurrency coz cryptocurrency isn't illegal at the first place.

Plenty of banks have told their customers to go away and not come back because of crypto. It may not be illegal but it also isn't properly legislated for in many a place and many a legacy institution isn't going to want to dabble in a grey area.

The most significant case involving Visa is them shutting down Wavecrest's deal who issued cards for Xapo, Bitpay and many others. Wavecrest clearly weren't competent or carrying out their due diligence so the rug was pulled.

Coinbase sealed the deal because they must do enough to satisfy them.
1855  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 02, 2020, 01:31:51 AM
I can think of a couple sacred places I'd like to lick.

I went to an alleyway on the outskirts of Rome and paid off a member of the Swiss Guard for a ten minute play with this.



I could taste some thrush, a hint of swarfega and a whole lot of crystal meth so I'm pretty goddamn confident it was pulled straight off the pope in his sleep.
1856  Economy / Speculation / Re: Long term advance notice! on: March 01, 2020, 09:30:39 PM
I noticed the Shelby's still peddling the same hypothesis...

Still dribbling about 'legacy' Bitcoin and now he's even snuck in a quote from everyone's favourite Australian impersonator. He needs to score some fresh goals to give that cred a top up. However I'm not so sure he scored any the first time round either.
1857  Bitcoin / Bitcoin Discussion / Re: Stock market CRASHING. How will this reflect on Bitcoin on: March 01, 2020, 09:14:45 PM
There is no relation between stock market crash and Cryptocurrency market downfall. They both are completely different markets.

But they now have a large number of coins owned by the same people. And those people are not going to hang on to their wild bet if their bread and butter starts to take a shit that looks like it's going to be properly significant.

Let's see whether conventional markets manage to shake things off in the coming weeks and rebound. If not then it's time to chuck our usual predictions out the window. Crypto has enjoyed almost total consistency from the wider markets since it emerged. If that is turned on its head then the uncertainty will be amped up big time.
1858  Economy / Service Discussion / Re: Cryptotalk Future on: March 01, 2020, 08:32:06 PM
Feels like they are running out of funds...

I doubt they have a shortage of money what with all of their shitcoins and scummy moves.

Thieving willies know when they're being taken for a ride too. If you make something available to others the chances are they won't have the slightest qualm in taking it from you.
1859  Bitcoin / Bitcoin Discussion / Re: Courts Will Seize BTC With Miners' Help: Self-Proclaimed Satoshi Craig Wright on: March 01, 2020, 08:20:43 PM
He has all the BSV users so under his thumb it's no joke, he could definitely get it to fork, it would hopefully be the beginning of the end for that shitcoin.

My guess is that he got Calvin to buy some 'cheese pizza' through a proxy and then will miraculously roll it back, but he allowed him to keep his purchase, then all of their zombies will coo together at how awesome their system is.
1860  Bitcoin / Bitcoin Discussion / Re: Courts Will Seize BTC With Miners' Help: Self-Proclaimed Satoshi Craig Wright on: March 01, 2020, 08:12:06 PM
He meant his altcoin, nothing special here. I doubt exchange/service which accept his altcoin would agree with this idea or running full node client which enable this idea.

Yes. I don't understand why others are even bothering to consider that he's talking about Bitcoin rather than Craigycoin.

And in their case they absolutely would do it and they can do it. That's the beauty of having one miner and all nodes other than your own being driven out of the system.

I seriously doubt BSV has ever been used to buy anything, let alone anything illicit.
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