It was meant to be a payment system but in reality that's what all those things built on top of it will be. Bitcoin is too valuable to be something that you use to buy a pack odf cigs or a hot dog. It's secure enough to be used for million dollar transfers around the world and safe enough to be used as a store of value. Personally, I like the digital gold label. It fits BTC well.

It is. In many countries the proper people made money selling face masks and lobbying for the governments to compell people to wer them in public.
They imported cheap masks from China and then made the public buy it and the combination of law and fear of getting sick made them money.
I really hope you're right and the scam gets exposed.

I've been surveying people who I'm in contact with and not a single person knew anyone who had to be hospitalized due to coronavirus and we're 5 months into the scamdemic.

Many economists claim that this is just the beginning. We have witnessed a worldwide shutdown through which many businesses went bankrupt, but the ripple effect will continue for a few years. Businesses are connected by a chain. A restaurant will not work like it used to when it had to fire its staff during the pandemic shutdown. Its clients will now come back, taste the food and say that they've been eating there because of the former chef and now it's not the same, so the restaurant will go bankrupt over the next few months, even though it survived the first stage of the pandemic. This is what is understood as the ripple effect.

By devaluing their own currency? I know that this seems to be the easiest way, but there's always someone that loses, they're just making a switch so that the minority of rich people with a lot of savings lose and the majority of poor voters who could take the streets in a SHTF situation get some money. They're stealing from the rich and giving it to the poor by printing more money and increasing welfare.

Better consult a tax advisor, but most likely yes.

Courts have long held that losses suffered as a result of theft, fraud or embezzlement are generally deductible in accordance with the general limitation contained in paragraph 18(1)(a) of the Income Tax Act, namely that deductions are available to the extent they are incurred to earn income from a business. Much of CRA policy and case law concerning this topic focuses on the connection between the theft or embezzlement and the operations of the business. CRA’s Income Tax Folio S3-F9-C1, Lottery Winnings, Miscellaneous Receipts, and Income (and Losses) from Crime, contains CRA’s published position on the tax treatment of losses of trading assets, such as inventory or cash, that occur as a result of theft or embezzlement
https://taxpage.com/articles-and-tips/tax-losses/

Don't forget to report theft to the police, to have a proof.

I first heard about it in 2014 when people were talking about MtGox crash and the big bubble and the silkroad. I didn't buy because all my knowledge came from the mainstream media and I thought it was the road to an end. I didn't catch the bottom at ~$300 but I have Bitcoins acquired at different levels, mostly around $600, but also 700, 800 and so on.

Not really. They are known for market manipulation.
When they were bearish and Jamie was tweeting how he'd fire any employee caught trading Bitcoin, they were actually buying. There's a chance they're trying to pump the price past 10k and sell for a profit.
Anyway, they're right about it being undervalued. Bitcoin was pumping to 14k USD almost a year before the halving and is staying at 9k after? It should be at least at 15 by now.

Don't know much about the situation in Iceland but Switzerland used to be consider a safe haven especially with their banking system, until they were pressured into submission by the international Jewish lobby supported by the US.
https://www.thelocal.ch/20130715/swiss-banks-pay-1-24-billion-to-holocaust-victims

The same lobby is now trying to put pressure on Poland.
https://www.thejc.com/news/world/us-senate-urges-poland-to-compensate-jewish-property-confiscated-by-the-nazis-1.487207

In both cases the media was trying to show Jews as victims and countries that hold this former Jewish property as debtors, which they were not.
According to the international law, abandoned property is taken over by the state.
The case proves that your property can be taken away from you if enough outside pressure is put on your country, even when a country used to be seen as safe and independent like Switzerland.

As for Swedes, they showed no spine during the migrant crisis. They do what the Union demands of them.

-Hey baby, did you hear that those pigs killed some black guy again?
-Good news! I was about to get a new TV!


I get wasted on cheap wine during riots because black lives matter

The biggest pro IMO is decentralization, while some may see it as a problem that slows down Bitcoin's adoption due to government pushback and KYC requirements.
The main con is that it requires the Internet to operate, so you need some degree of technological infrastructure to use it. This makes it more difficult for Bitcoin to penetrate  into poor societies and places where the level of education is low, like central Africa. Also, this feature makes it almost impossible to comprehend for older people (those who are over 70 now). It's going to change because in time, we will be at that age and the problem will cease to exist, but for now it is there and I hope Bitcoin can survive for the next 30 years to turn it around. 

Either this is your sense of humor or you were brainwashed to think you are responsible for the lavish livestyles of your politicians. I hope it's the former.


From the point of view of the butcher it's essential that pigs don't try to escape the pen and walk into the slaughterhouse one by one.


Show me a situation where the taxpayer knows exactly where the money goes. I'd like to see such country.
We can only suspect where they're getting money to buy expensive cars, private jets, summer residences, political campaigns, and build war machines worth billions od dollars to later turn them into scrap when they become obsolete.

I believe that if you're good at it you can trade anything. Some coins are simpluy not worth trading because they continue to go down. You need to first decide which coins have the potential to go up. Some altcoins had its boom and since then continue downward despite a general consolidation trend on the crypto markets.
My personal experience was positive, but now I'd rather hold than trade. I'm the kind of guy who can't trade for a long time or will face insomnia and some other health problems. Trading burns me out.

I've always believed in the good old cold wallet method where your coins are kept offline and every time you need to send a transaction or receive it you just bring that wallet online for a few minutes, do your thing and disconnect it again. I've been doing it for many years and technically, as long as you keep your storage machine clean and don't browse the Internet with it, there's no way to get hacked or infected. Even if you had some hacker trying to break in, your machine isn't online for long enough to allow anyone to take control.

If it's locked then by all means, lock it, because saying that it's locked doesn't make it locked. 

It reminds me of that good old debate about the necessity of stopping drunk or reckless drivers. There are people who believe that if you see someone zigzagging and you're sure he's DUI, you should somehow cut him off and make him stop so that he doesn't get into an accident, but while doing so you may be the cause of his accident.
I've always found this too risky and thought that the best approach is to call the cops, give them his plates and wereabouts and let them handle it. I wouldn't endanger myself and my car just to stop him.

IMO all income taxes are unreasonable, but in case of Bitcoin there's so many ways it can be done that it's hard to say whether we should accept it otr not.
To give you an example, although I don't approve of taxation, I'd be able to accept it if it stayed below 20% and only concerned the income converted to fiat.
Taxing the coins that were never converted and are held in a wallet all the time is certainly unreasonable and unfair.

That's fine, but what I focus on in my reports are mostly referral links, links to scam sites, scam/ponzi advertising, obvious lies (like people who come to the forum saying they can invest/trade/multiply your coins).
I also report threads in local languages that are outside of the local sections if they're written by newbies or jr. members because there's a high probability that the poster will not come back to read answers and move the thread.

His account was created in March, so obviously he's pretty new here.

Back on topic, it was only a matter of time before he was caught lying again. I'm sure you all remember how he used to forge evidence in his court case. Then we found out about his PhD and now this thing. Now we know why somebody was moving those 2009 coins. They could no longer watch CSW do his thing.
What will happen now? Craig will deny everything of course. When they catch you with your hand in the cookie jar, say it's not your hand.

Let's be honest here, it's possible to earn money on the forum, even as a newbie. You just need some basic skills that you can offer, like graphics, programming, translating, writing articles... It's also possible to earn some dust from bounties and giveaways. It all depends on how you understand earning. For some people getting $5 a month will not be earning and for others it will be. Keep your expectations low and you'll do fine.

Who told you that?
Keep reading consipracy theories by people who never got any merit and you'll end up writing essays that most people will see and choose the TLDR approach.
I've seen plenty of short, funny posts with merit and a lot of long posts not worth reading.