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2141  Bitcoin / Bitcoin Discussion / Re: Do you record and preserve Bitcoin history? on: January 29, 2020, 10:25:14 PM
archive.org it could be down or hacked, nothing is really safe when storing it online.
I just want to save my soft files on the hard drive that only I can access.

I've found archive.org fucking hopeless for most of the old things I was curious about. It might have one page from a certain month and much of the time that's empty too. No way can you depend on it to retain stuff that interests you. And crypto is an awful lot more fleeting than most other subjects.
2142  Economy / Economics / Re: [PAXOS+COINJOIN]Your privacy is a threat to exchange business?#deletepaxos on: January 29, 2020, 10:01:31 PM
So, those rules are limited to Singapore users of Binance and those who live outside Singapore can still withdraw BTC from Binance on mixing websites if that specific country they belong to, has not imposed any such AML rules?

Dunno.

This is what a Binance person said in an emailed statement about it - “Binance SG operates under the requirements as set forth by MAS and our MAS regulated partner, Xfers. Hence there are AML CFT controls set in place for the Binance SG and the user triggered one of its risk control mechanisms,”

https://www.coindesk.com/binance-blockade-of-wasabi-wallet-could-point-to-a-crypto-crack-up

Going on that it's anyone on Binance SG. I don't know if that only serves Singapore residents.
2143  Economy / Economics / Re: [PAXOS+COINJOIN]Your privacy is a threat to exchange business?#deletepaxos on: January 29, 2020, 08:16:00 PM
How can an exchange have the power to do that? It is our money and we have the right to withdraw it through any means we can, who is Binance or any other exchange to stop us from using a mixer? Doesn't complying with rules get you on your knees when trying to do something that is not illegal 'if the actual purpose is not illegal and you have already completed your KYC there'.

In that case it was down to the rules imposed on Binance by Singapore.

I reckon this is going to become one of THE major issues in the near future. If exchanges continue down this road then it's going to end in gridlock. If Bitcoin gets improved on chain privacy then most people will naturally want to use it. If LNs take off then that's another layer of mystery.

Also I can't be bothered to figure out how Wasabi works but it's clearly totally identifiable to all which doesn't help either.
2144  Other / Meta / Re: Suggestion to make rank-up more difficult on: January 29, 2020, 08:05:37 PM
In my opinion, the only real barrier is the time barrier.

Balls

Very few will become legendary from scratch. You'll have to be a properly valued member to achieve it. The numbers speak for themselves.

At present I think it's too easy to rank up from the very bottom, I'd like to see the middle rank requirements less demanding, legendary is about right.

I'd also like to see a clear demarcation between earned ranks from merit and those obtained from nothing but lengthy shitposting in the old days. Ideally I'd rather have all airdropped merit scores and legacy ranks executed but that doesn't seem to be a popular view.
2145  Bitcoin / Bitcoin Discussion / Re: How is Bitcoin living up to Satoshi's original vision? on: January 29, 2020, 07:54:10 PM
They complain because lightning is widely used yet and still being worked on and having updates but I have yet to see anyone accept nano and the majority of shitcoins. Nano is a shitcoin meme at this point where the users all parrot each other but no one spent anytime to see if what they were saying was actually true.

This is something alt fans seem to find impossible to wrap their heads around. Most of them are code with nominal value that could vapourise any second. Anyone can come up with some bells, whistles and 'partnerships'. Anything can be faster than Bitcoin if no one's using it and you cut whatever corners to manage it, or don't even check there are corners.

Building education, acceptance and trust is the absolute monster task and I'm not convinced anything other than BTC will manage it.

2146  Bitcoin / Bitcoin Discussion / Re: John McAfee called BITCOIN as a Shitcoin! on: January 29, 2020, 06:20:09 PM
This is a man who didn't even know BTC has had a previous halving.

His living has been accepting large amounts of money to talk about whatever shitcoin paid him that week. He has achieved literally nothing in cryptoland. My bum has more credibility. And better hair.
2147  Economy / Speculation / Re: Top 5 Predictions For Cryptocurrencies In 2020 on: January 29, 2020, 03:33:04 PM
The only one of that lot I buy is the potential launch of Chinacoin.

Privacy coins and privacy in general is likely to become the next battleground. Exchanges will get more uptight, more coins will be given the boot, more Bitcoin-related privacy options will cause problems for the users of centralised services.
2148  Bitcoin / Press / Re: [2020-01-28] Your Bitcoin Should Be Seized to Pay for Climate Reparations on: January 29, 2020, 11:18:51 AM
Oh, but they did!
When you want BTC to reach 20k$ prepare for the consequences Tongue

I'll guess that 90 per cent or more have no concept of this. They see a jolly number on coinbase or in their wallet that looks as benign as Google Doc entry, which of course has its own mound of machines sucking power.

It reminds me a little of the ultimate punishment in one of the hitchhiker's guide to the galaxy books where you're taken into a chamber that shows the true scale of the universe and how microscopic you are which scrambles your mind.

If people could conceive of those warehouses filled with screaming machines when they tip that camgirl to shove an egg whisk up her arse they might have rather different feelings.
2149  Bitcoin / Press / Re: [2020-01-28] Your Bitcoin Should Be Seized to Pay for Climate Reparations on: January 29, 2020, 10:44:50 AM
Quote from: stompix link=topic=5221226.msg53729601#msg5r 3729601 date=1580292791

Are we really going to compare and say that 9 million people traveling, working, partying and making chocolate and watches consuming the same amount of energy as 300 000 people doing a transaction a day is the same?


But these figures aren't really much to do with those doing transactions. It's a few hundred or thousand miners chasing profit. Users didn't request these consumption levels though their security benefits from them.

It would be interesting to compare it to industries or companies rather than countries to see where it stands.
2150  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 28, 2020, 09:36:43 PM
I wonder how many other good people we will be losing along this bumpy journey. Will never understand why people go ALL-OUT. Why not hodl even a little stash just in case... even if you lost faith?

When I see the first pages of this very same thread I see a lot of nicks that are no longer here. It is easy to notice because there are almost no hats. IIRC jojo is the first one that appears. I have always though that most of them already reached their targets and are now too busy spending their fortune while still hodling a good chunk of BTC... Maybe reality is much uglier than that.

HODL.

A lot of old schoolers probably got bored of this place and buggered off. It's also more than possible that lots never had more than peanuts. You can be interested and not have any money to put in or not think it's worth it. And of course there was Gox and all the others along the way. I can't imagine ever falling for shit like the Bitcoin savings and trust thing but enough must have.

There seem to be a lot of posters who automatically assume that if you've been around for a long time you're fooking loaded which must make those who know the truth groan.
2151  Economy / Exchanges / Re: [2020-01-28]Four Class-Action Suits Against Bitfinex Over 2017 BTC Price Now One on: January 28, 2020, 08:50:33 PM
Was it started by BFX? Well, we do seem to get rather handy price explosions every time they get into difficulty. If I remember rightly it kicked off at almost the exact same time they lost their banking.

Since the rest of the world took over from then on the rest of the world should be named in the suit as well.

As for Tether, I still haven't seen anything to confirm it's not anything other than what they claim it is. I'm open to being convinced otherwise.
2152  Bitcoin / Bitcoin Discussion / Re: How is Bitcoin living up to Satoshi's original vision? on: January 28, 2020, 08:42:43 PM
Bitcoin is just a store of value now, once it's hit a ceiling and investors don't get the returns they were hoping for, what then?

Once it's ceased to be a store of value and valid investment, what happens then? What does Bitcoin then become? Because it's broken as a form of peer to peer digital cash.

People have the whole progression of this badly mixed up in my opinion.

You have to become a store of value first. Then you become a currency. You don't put your day to day financial needs into something as weedy and volatile as Bitcoin currently is. And layer two stuff may well solve the cash aspect. We'll have to see .

And once it becomes 'boring' and those returns stop exploding there's one other rather handy feature - deflation vs fiat currencies. That is eternal and what most of the world is looking for. Most people do not speculate. They want to preserve and grow their wealth, not bet it.

This is still the wildest and earliest phase. There's a lot more ground to cover. 'Cash' is the final progression, not the first.
2153  Bitcoin / Bitcoin Discussion / Re: How is Bitcoin living up to Satoshi's original vision? on: January 28, 2020, 08:19:16 PM
The core principal is trustless permissionless decentralised money with no third party required. That's still intact.

It's one thing to envision something but when you put it into practice and try to spread it across the globe while maintaining its integrity and security that gets a little more complex and there'll likely be some casualties and compromises made.

And ultimately It doesn't matter what Satoshi's vision is. What matters is what people do with the system he created. He sent it off out into the world and this is what the rest of us have made of it.

If he'd been hell bent on keeping things to the letter he would've stuck around and I'm pretty sure people would've continued to follow him.
2154  Bitcoin / Press / Re: [2020-01-28] Your Bitcoin Should Be Seized to Pay for Climate Reparations on: January 28, 2020, 06:16:31 PM
If BTC replaces a large chunk of other industries then the power consumption, while not great, is at least relatively justifiable.

As it stands, a few million people doing little more than sending back and forth to exchanges, I don't think it is.

Maybe it'll drive innovation and efficiency harder than it otherwise would've. Claiming everything's fine based purely on the current usage doesn't turn me on. Let's hope tomorrow brings more.
2155  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 28, 2020, 05:56:33 PM
I want to skip through an empty and rotting world wearing the Liberty Bell as an ever so slightly unwieldy hat and the original declaration of independence as a smock.

I want everyone dead NOW.

Especially YOU whoever you are reading this.

Don't check behind you, fucker.

YOU.
2156  Economy / Economics / Re: BTC OTC on: January 28, 2020, 04:27:36 PM
This is one of the very few threads about it out there in the ether - https://www.reddit.com/r/BitcoinMarkets/comments/8ecm6h/otc_what_are_your_experiences/

I don't understand why it's so rarely talked about it when it's a far more sensible option than an exchange for sizeable amounts.

Does the affiliate/referral bit mean you're planning to be bringing sales to them?


2157  Bitcoin / Legal / Re: Some info on Crypto taxes and capital gains on: January 28, 2020, 04:01:42 PM
IMO, The reason why crypto people do not understand the tax and capital gains of Bitcoin is that in the first place they went business to Bitcoin to avoid it. They were able to do so, but here we are being taxed with the alternative we had so we can avoid the taxes. (I'm actually being honest with this)

My assumption is if you are using cryptocurrency on your daily basis and as your primary transactions method, that is the time you might need to check the topic regarding tax and capital gains. But if you are using cryptocurrency with a harmless amount of assets, you can definitely ignore it.

It's on you to check whether you can operate in relative impunity or whether you're crapping all over your local rules. They're not going to care that you didn't realise.

Some places operating in ignorance is fine. In others you could be building up a whole load of future pain without realising.
2158  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 28, 2020, 02:18:48 AM
No one's going to mourn me unless I pay them.

I'll leave a legacy to fund a mysterious  bint to leave a Venus fly trap on my grave every year like Rudolph Valentino.
2159  Economy / Speculation / Re: BTC could reach 6 figures (rational explanation) on: January 28, 2020, 01:00:18 AM
Looks that the next era after the halving will be the "make it or break it" point based on the premise if Bitcoin manages to rise to levels that make it an equivalent alternative for a store of value and an unit of account. All bets are on, at least mine.

Don't forget to take some profits along the way.

Reaching a certain high price level is flashy but if it doesn't stick around, and that seems mind bendingly unlikely, it doesn't mean much.

It won't magically pivot from bubblicious frenzy to a thoughtful and measured commodity without shitting itself into another coma somewhere in between.

If that high price was reached over 2-3-4 years of consistent growth then that's different but people are too prone to excitement still. If that's ever to happen it won't be anywhere near this cycle.
2160  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 27, 2020, 07:43:59 PM
But why the hell IN LIGHT OF THE FACT THEY ARE PROVING THEMSELVES TO BE A SCAM is the price going UP?!??!??

Bitcoin Gold got 51% attacked again.

The price went up 18% on the good news.

Just feel and roll with it, baby.
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