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2401  Other / Beginners & Help / Re: Buying online with crypto? Its worthed? on: January 05, 2020, 02:56:07 PM
Do I Get cheaper?

In my experience for travel and hotels you wind up being charged much, much more in many cases. The sites that do it often don't list the cheap airlines. When they do they stick a premium on top.

Elsewhere things are usually the same price unless you mess with people trying to get rid of gift cards.

Not many businesses will have the margins to offer discounts and there's not a great deal in it for them to do so.
2402  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 05, 2020, 01:58:12 PM
If you want to see our future - https://www.reddit.com/r/SubSimulatorGPT2/  is entirely made up of bot conversations.

The sad thing is that many of them are more compelling than the shitposters here. Others are so similar perhaps this is their unspoken testing ground? There's a lot of stuff that feels familiar.
2403  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 05, 2020, 01:48:32 PM
Naughty bot.



I'll stop now.
2404  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 05, 2020, 01:39:36 PM
Needs work



2405  Bitcoin / Legal / Re: Manhattan U.S. Attorney Announces Arrest Of United States Citizen For Assisting on: January 05, 2020, 01:02:21 PM
I think the guy was noble for wanting to teach others, especially within a country like Korea but really he didn't practice his due diligence and is now facing the harshest of consequences.

If it were down to nobility he would've gone to Liberia to pass on his knowledge to recovering child soldiers. Instead he went straight to the capital of a regime that does not have a great deal of love in its heart for where he's from and is known to be using crypto to prop itself up.

It'll be interesting to see what the actual story is. I'm sure many people would be curious to attend something like that. Maybe he was paid to be there and knew why he was there. Maybe he was simply lured into a conversation to hand over some knowledge.
2406  Bitcoin / Bitcoin Discussion / Re: Survey: if you have $50k fiat ,will you invest in btc or put it in bank? on: January 05, 2020, 12:33:40 PM
Fifty grand in a bank is going nowhere but down. That is 100% guaranteed. They've sacrificed savers to keep everyone else afloat.

It's always useful to have cash on hand but the idea of it offering any type of return let alone staying ahead of inflation looks to be officially dead.
2407  Other / Beginners & Help / Re: {Beware}:Fake Elon Musk giveaway and how someone fall for the trick on: January 05, 2020, 02:12:36 AM
You said it.

After all this time there is still some sort of disconnect in the way many people perceive it.

Even when people have paid large sums for it they are willing to risk it in ways they'd never dream of with conventional money.

And that's despite crypto having no protection and no comebacks.

I'll never understand that.

2408  Bitcoin / Press / Re: [2020-01-04] New crisis in the Middle East: Good for bitcoin, bad for the world on: January 05, 2020, 01:29:33 AM
'Could crypto’s correlation to geopolitics be in any more doubt?'

What's that rule about every headline that's a question concluding with a 'no'?

Fun idea. Just the same as Cyprus or Greece, if anything does happen it's an excuse for the same old scam wickers to fire up a new scam wick. Then it's back to business as usual.

2409  Bitcoin / Bitcoin Discussion / Re: Soaring BTC trading volumes in Venezuela and other inflation stricken countries on: January 05, 2020, 01:11:10 AM
There is however some weird stuff going on involving the Petro, which is also being traded in a similar fashion using a State exchange.

After all this time I still haven't seen anything to prove that the Petro actually exists. Is there anything out there that provides any evidence that it does?

There was lots of blag back in the day. Then it seems to have gone silent. Maybe I haven't been paying enough attention.
2410  Other / Beginners & Help / Re: {Beware}:Fake Elon Musk giveaway and how someone fall for the trick on: January 04, 2020, 09:48:53 PM
TBH, I don't!

Um, yeah.

Fuck 'em.

I struggle go think of anything more stupid and obvious. It's even gone beyond Nigerian princes by this point. At least you don't start off knowing who they are. I would've thought even someone nursing a catastrophic brain injury can figure out Elon Musk has slightly better things to do with his time, let alone his money. 
2411  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 04, 2020, 08:25:29 PM
I liked the original too.  Smiley

Ot oh!



2412  Bitcoin / Bitcoin Discussion / Re: Who is buying Bitcoin in Iran? on: January 04, 2020, 06:08:40 PM
Apparently the price has trebled on the local Bitcoins market.

And the 'real' exchange rate is several times lower than the official one. Do the math and it's probably in line with most other places. Same goes for anywhere else with a joke economy. Every time something gets worse for Iran the exchange rate agreed on between actual people drifts further away from what the government is claiming.

2413  Other / Beginners & Help / Re: Bitcoins birthday today? on: January 04, 2020, 05:56:39 PM
On 31th October Bitcoin was conceived. On 3rd January was born. It is the same as you and me were not conceived and born on same day.

It was presented to the world on October 31st. It might have been running around Satoshi's mind for several years. Even so collating and publishing is a key moment but not the definitive one to me.

Can anyone tell us when the software to mine was published? Was it on January 3rd too?
2414  Bitcoin / Bitcoin Discussion / Re: Ex Barclays exec starts fiat/Bitcoin bank. on: January 04, 2020, 05:40:39 PM
At first, I thought it was something interesting, a sign that banks are trying to adapt to reality. But this thing about having to exchange cryptos for fiat to transfer money anywhere is very upsetting. It's like a centralized regulated limited exchange rather than a bank to me... I don't think this will be attractive to people. Perhaps only to hodlers who for some reason prefer to keep their coins in someone else's hands, probably pay extra fees for that and definitely be asked questions about those coins as well as being fully identified as a holder of those coins.

There's no way you can ever get real Bitcoin in or out. You're buying or selling price exposure and nothing else. Maybe they're not going anywhere near the real deal either.

For better or worse I think this will be appealing to quite a few people. It's totally mindless and all of it is someone else's problem. Not for me though.

I do wonder what'll happen in times of enormous volatility. And what happens if you put in 10 quid and it becomes a million quid. In theory it should breeze on back to your bank account. In reality they might have kittens despite it being entirely through them.
2415  Bitcoin / Bitcoin Discussion / Re: Soaring BTC trading volumes in Venezuela and other inflation stricken countries on: January 04, 2020, 05:34:49 PM
What I question is what are they trading to get Bitcoin? Who would accept the Venezuelan currency? I know smuggled USD are crazy exchange rates there, I believe I read 40x the official exchange rate.

Everyone still has to pay taxes, fines, fuel, utilities even when the money you pay it with is useless. Not sure how much mining is going on there but that electricity has to be paid for and dollars aren't going to be accepted, officially at least. 
2416  Economy / Economics / Re: How the situation in Iran might impact Bitcoin on: January 04, 2020, 04:10:18 PM
Before people quote the 29 grand bitcoin price let us reflect on the fact that in many places with shaky money there's an official exchange rate to the dollar and then there's the REAL one which is often several times less.

Not sure what the deal is in Iran with that but I'll bet that's a factor and possible instant debunk.
2417  Bitcoin / Bitcoin Discussion / Re: Soaring BTC trading volumes in Venezuela and other inflation stricken countries on: January 04, 2020, 03:47:33 PM
One thing I'd like to know is about dollar availability in such places.

I wonder whether this volume is from people who can't get their hands on dollars or whether BTC is an actively sought choice.
2418  Bitcoin / Bitcoin Discussion / Re: Ex Barclays exec starts fiat/Bitcoin bank. on: January 04, 2020, 12:42:58 PM
Pah. Just another Revolut then.

I wonder whether places like this ever looked into proper cryptoness and abandoned the idea or never entertained it at all.

Most 'challenger banks' are just white labels contracting real banks to do the work so they'll always be desperate to please them.
2419  Bitcoin / Legal / Re: Kraken sued by ex-employee on: January 04, 2020, 12:34:11 PM
Anyhow, just beware of Kraken for now, as they could certainly be running a fractional reserve, which is prone to runs.

There's no way one minor employee will ever get or be given an overview of how an entire exchange operates. They can call out what they see but other areas might be completely covering whatever holes he's seeing. We'll see what emerges but no matter what happens it should remind us that none of us have a clue what's happening back there.
2420  Bitcoin / Bitcoin Discussion / Re: Soaring BTC trading volumes in Venezuela and other inflation stricken countries on: January 04, 2020, 12:18:52 PM
I often thought the Venezuela talk was just more Cyprus/Greece rubbish but it isn't, a lot of people are trading there compared to elsewhere. Even more impressive when you take into account how low wages there are and how hopeless their own currency is.

It would be interesting to see a chart for volume to per capita income per country.

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