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2521  Other / Meta / Re: I am on the way to Legendary rank, after 2 years (only lack of activities) on: December 25, 2019, 07:48:52 PM
The former figure though is effective, meaning that they need to meet the magic activity number to make the rank requirement effective in addition (so there is a potential delay there in comparison to Newbies turned Heroes).

Good point. I should've rephrased that. I can imagine there are quite a few people with enough merit who will have quite a wait before the activity catches up. Mine happened right near the end of the predicted period.
2522  Bitcoin / Legal / Re: Uzbekistan amends law making it illegal for citizens to buy crypto-currency on: December 25, 2019, 07:41:57 PM
And yet a couple of days ago the Uzbek government themselves issued their first exchange licence - https://napm.uz/ru/press_center/news/vydana-pervaya-litsenziya-na-osushchestvlenie-deyatelnosti-kripto-birzh/

I will guess that once you remove the worthless crypto press guessing it'll be the bog standard central bank statement saying you're on your own and a probable restriction on using it as a means of payment.




2523  Other / Meta / Re: I am on the way to Legendary rank, after 2 years (only lack of activities) on: December 25, 2019, 07:33:42 PM
(3) When you reach the Hero member rank, your life (to rank up) will become easier and less 'stressful'. Why I said so? Because you need 500 more merits to rank up from Senior member to Hero member, and it is truly challenging so you might not think of too much about the next rank. You simply read, learn and write, your minds are free and when you have less pressure whenever you type anything, your posts naturally become better, in quality.

Is there anyone out there keeping notes on whether people rank up from hero to legendary faster from nothing to hero? It seems that the members who achieve it gather momentum along the way.
2524  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 25, 2019, 04:22:12 PM
Well give us the bloody phone#  mate!

I'll give you a ring and sing you a lovely "Silent Night" to warm your cockles...

It was vandalised.

BY ME.

Once Xmas is gone I'll be warming up slightly so will spend a few days here.



But I have even more contempt for NYE so will be spending that in the sea shooting out diarrhoea.
2525  Other / Meta / Re: Decreasing number of forum users on: December 25, 2019, 04:20:48 PM
Its true in general that forums are becoming a thing of the past. A lot of users are moving onto more point based systems such as Reddit.

Is there anywhere else like Reddit with a similar set up?

I find it almost completely hateful. It's a bastard to read through and most stuff gets lost in the mists of time even on the same day. It's one of shittest set ups I've ever come across. If you invented it today and stated you wanted a lash up like that to be one of the world's largest sites you'd be laughed at and have your tits ripped off.
2526  Other / Meta / Re: What if Theymos added new Rank after Legendary? on: December 25, 2019, 01:07:04 PM
If the merit system weren't in place I'd say there were enough ranks, but since it is it seems a shame there isn't one that can be reached only by properly earning it.

After all this time I think it's unfortunate the average newbie won't be able to tell the immediate difference between a self made posting genius and some mouth breathing fuckstick who posted 'nice project' once a day for 2-3 years.
2527  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 25, 2019, 12:25:02 PM
I'm spending Christmas on my own here.



And I'm attacking anyone who comes near me. Fuck Santa.
2528  Bitcoin / Bitcoin Discussion / Re: How much bitcoin to buy? on: December 25, 2019, 02:22:25 AM
Here are the other coins I can buy
Ethereum
Bitcoin cash
Litecoin
EOS
Ripple

If all of those are still alive, let alone relevant, in 5-10 years I'll take that as a damning indictment of crypto's stuntedness.

Play with alts by all means. Don't expect to do well, don't be sad if you lose what you put in and whatever you do don't get married to them.
2529  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 25, 2019, 01:54:20 AM
The sh!ttiest line of the year just when the year was about to finish.

Less than a week to go until HE GETS THE KEYS.

I retreated into a bunker at the start of the week and am now living entirely on nutrient gel like in the Andromeda Strain. I also killed everyone I know to save them from ruin. And everyone I came across on my way to the bunker. They'll thank me later.

Maybe much later.

2530  Economy / Economics / Re: Reflections from a journalist of a Year of Toying With Bitcoin on: December 24, 2019, 07:12:38 PM
If anyone came up to me and told me they were interested in BTC and the very first thing they were going to do is set up their own lightning node I'd assume they were fucking nuts.

It's not something that's crossed my mind yet and it won't for a long time, if ever. I haven't seen anything yet to convince me. And no one is billing it as anything other than an outlier with a potential future at present.

Using bog standard tools and the most high profile and safe services is no harder than online banking. The security aspect certainly isn't but there's enough dayglo advice about that too.
2531  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 24, 2019, 06:12:58 PM
She is right at what she is posting latter. But the first post you quoted is really silly. Bitcoin price is so unstable that will be way different next week not just a year from now. The point she is right about is that future trading makes bitcoin more stable. So growths and declines will be less sharp. Both ways will be more stable not just the way up. And that is good, money need to be as stable as can be.

The first serious derivative salvo arrived just at the death of the last bubble and since then it's been a steady decline into poo soup.

She's right to raise the possibility. That's unquestionably where most of the 'institutional investors' will prefer to go, but everything flies out the window if there's proper a bubble on or the sniff of one.

We need all this new guff to be present for another 2-3 complete cycles before its effects can be properly analysed. Until then it's just groping in the dark.
2532  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 23, 2019, 07:16:44 PM
You’d suit those little shorts mate, maybe at the next meet.

If the price goes north I'll be eschewing clothing completely along with my own skin in favour of a full suit of carbon ceramic armour provided by insane North Koreans. It'll also be infused with Micro LEDs which screen a rotating display from Google photos of my various day trips to places like Cleethopes and Solihull. Should be exciting.

2533  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 23, 2019, 07:00:25 PM
Who’s game?

I'm out.

Much of my clothing was bought in the 1990s. It's a damning indictment of 'fashion' that I don't look any different to anyone else strolling around 20something years on. Pathetic.
2534  Economy / Exchanges / Re: HitBTC.com - The most advanced cryptocurrency exchange on: December 23, 2019, 06:49:12 PM
yes, liquidity can be faked too. But it is hard to do that. 

These tweets line up rather nicely with the medium article published on the previous page about their shittiness - https://twitter.com/Raindropactual/status/1208241130342629376

Putting alt markets 'in maintenance' at the same time as increased withdrawal demands doesn't inspire confidence either.

2535  Bitcoin / Bitcoin Discussion / Re: Price pressure of exchanges on: December 23, 2019, 11:26:25 AM
However, it is possible for an exchange to also secretly trade with bitcoins or fiat that it does not have because the exchange controls the accounting.

I find it interesting that people always favour the fictional money option and hardly ever consider the front running option.

Exchanges know exactly how much everyone has and have complete control over the rapidity of the execution of their moves. It would be a breeze for them to upend countless trades in their favour.

Dicing with non existent money has the capacity to kill them off if things take a turn for the worst. Simply mangling the trades of their customers can continue indefinitely with no risk at all.
2536  Economy / Speculation / Re: What does this mean for BTC is stock market is entering recession again? on: December 23, 2019, 11:11:53 AM
Yeap. Well, at least not currently. I think bitcoin could be a great hedge for economic uncertainties in the future, when bitcoin gains enough liquidity(probably at the same level of gold or more) and sort of "public acceptance". As for now, bitcoin is still mostly a speculative vehicle for the majority so I also heavily doubt that it would be a good hedge as of now.

If such a meltdown were to happen in 5-10 years from now I'd be much less certain about Bitcoin's prospects - in a good way. If it happens soon it's on a toast express to hell like everything else.

We've been in uncharted waters for so long with so many bizarro interventions from the monetary people it's impossible to know what's going to happen with this cycle and when it'll go officially sour.
2537  Other / Meta / Re: FREE MERIT COME FAST BEFORE I RUN OUT [Happy Holidays] on: December 23, 2019, 10:56:27 AM
I'm nauseated at such brazen attempts to spread good cheer at such a cloying time of year.

Santa does not exist. You will all receive one, rotting, orange and nothing else. You grannies will have a 'fall' on your Xmas walk and will develop that hip infection that they can never again shake off.

Luckily I have decamped to the tribal regions of Pakistan to avoid all of it and now have rather bigger problems to address.  

2538  Economy / Speculation / Re: When is the perfect time to sell BTC? on: December 23, 2019, 10:32:42 AM
The perfect time to sell is when there is nothing but euphoria flowing. That's when you know it's riding for a fall.

Since there hasn't been a sign of euphoria for several years and you've been waiting several years why would you consider it now?
2539  Economy / Economics / Re: Bitcoin Store of Value Question on: December 22, 2019, 08:51:26 PM
on-chain tumbling can be effective at obfuscating the source of funds and making outputs fungible again.

There may come a time where mixed coins will be regarded with suspicion precisely because their fungibility has been restored.

Already happening albeit forced on them by their regulator - https://cointelegraph.com/news/binance-returns-frozen-btc-after-user-promises-not-to-use-coinjoin

And I have no doubt that many a privacy coin will be given the boot from exchanges as condition of staying open.
2540  Economy / Speculation / Re: Will Bitcoin price be $20000 next year? on: December 22, 2019, 08:30:36 PM
If not in 2020 it will happen in 2021.

I've noticed no one in this thread has taken into account the wider economy. If there's a genuine and prolonged shit I don't see a bright future for Bitcoin's price for a lengthy time. Since its birth BTC has existed in world markets that have had a near unbroken cruise upwards. If that undergoes a fundamental change then every expectation may get binned.
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