I don't care how old you are, if you're informed enough to own Bitcoin then it should be clear there is absolutely no safe way of earning interest from it, let alone a 20x return.

At least he has the gumption to add a time frame that gives him enough breathing room to correctly plan his 'death' in India.



Satoshi's reputation is as unmarked as ever.  

This is an interesting angle I hadn't really considered. I wonder how many potential investors understand the difference between algorithms and what different machines can and can't mine. A heavyweight endorsement from a big name, not that I believe that'll happen, would basically be betting on Bitcoin and Bitcoin only and that might not be something they're willing to do.

At least GPU manufacturers can treat it as a side show though I wonder what their feelings are about being encroached on so violently by a market they had no plans to cater for.

I guess Bitmain might try to push their asics for other coins as a feature but as far as I can tell every other project furiously attempts to resist them.

Good old Russia. Can anyone nominate any of these seizures that had a happy ending?

I know untangling is a huge, probably impossible, amount of work but I find it bizarre that authorities just help themselves without any thought for the thousands of people who were on these platforms in good faith.

Even Silk Road had people selling perfectly legal stuff.

There's a thread on this here - bitcointalk.org/index.php?topic=5201697

It appears to be Binance doing stuff with USDT.

The fact that the fee is so low is showing good practice. If you're in a hurry it's only a tiny bump in fees to bypass it. If it were a spam fest they'd be much higher in an attempt to cock block you.

Ebay never fails to deliver on the dimwit front. On UK Ebay people sell Euros and Dollars for considerably above what you will pay even at the airport yet people seem to pay it, the prices never come near the market rates.

It only takes one buyer stupid enough and you've doubled or tripled your money on one of these. Many a seller will try it on and many a buyer will deliver.

I'd be interested to know what the moan/chargeback rates are but perhaps buyers remain stupid enough to not realise they've been raped. It's not the type of thing you'll find unless you can be bothered to look pretty hard and many people can't be arsed to step outside their usual channels.

Erm, track down whoever told you that and twist their nipples until they pass out.

You can plug your hardware wallet into the most disgustingly virus ridden machine and you'll be absolutely fine. That's the whole point of them. Nothing on the internet can access the private keys.

There are plenty of attempts to trick you into entering its seed into websites but you'd have to be exceptionally dim to fall for it.

I think liquidity should be universal.

There are no shortage of alts with truly pitiful levels of liquidity in BTC so people should be informed of that too.

I guess this article has settled on the USD as most outsiders only look at the ways in or out of the whole thing but it's equally relevent elsewhere.

Liquidity = the ease at which you can turn an asset into cash.

A market with deep liquidity can absorb large buys or sells without moving much. A market with very little will fall apart at the first sign of one person's big move. Plenty of markets effectively have none.

It's all well and good having an impressive headline price for an alt, but when you look at an exchange and the buys waiting it might only take a sell of $100 worth to reduce the price by 50%. A liquid market will have enough buys to swallow that sell without budging.

This is one of his longest standing cons of all and the basis of all this legal stuff he's been entangled in. I can't be bothered with the details but supposedly a 'bonded courier' will arrive on January 1st 2020 and give Craigy the means to control 'his' million coins and then he's all going to teach us a lesson that we won't forget. Oh golly yessir.

This is very quaint. Bless OP's heart and all his little tootsies too. I want to grab a handful of cheek and give it a wiggle while ruffling his pudding bowl hair.

Pools have their power until the thousands of miners who use them decide they don't any more and that takes a few seconds to address. In another few years these pools will be long forgotten just like the previous ones.

I really can't see Binance offering trading pairs for 180 currencies. Volumes would be pitiful and unusable for almost all of them. Even EUR is pretty weedy compared to USD and that's only the currency of several hundred million of the world's richest populations.

It'll be interesting to see what solution they do come up with. I'll guess they'll have the option of converting to USDT or BTC when you deposit. That's if it isn't hideously expensive to get your local currency on and off there and there might be a spread too.

It's bizarre reading the responses to tweets like that from people who believe their proclamations. I don't see how any faintly normal being can manoeuvre themselves into that position.

I'm looking forward to this one the most -



Not long now until we're all eating humble pie.

I've read elsewhere that it's Binance's USDT address.

And this https://www.blockchain.com/btc/address/1FoWyxwPXuj4C6abqwhjDWdz6D4PZgYRjA

is number two on here - https://wallet.tether.to/richlist

Since the fee is extremely low I presume it's so everyone can easily bypass them which makes it non spamming surely?

It's the US government forcing customers from exchanges. The ones that still can be bothered accommodate US customers are a cut above in legitimacy.

If your blockchain has no monetary value then there's zero incentive to work to secure it which means it's effectively useless as anyone will be able to wipe it out.

If your blockchain is private and centralised, and that's the only scenario where a valueless chain could work, you may as well stick with databases in most cases.

It looked to me like since the 2013 bubble the West would build up the price, the Chinese casinos would poo on it and the West would run crying for mummy until they felt brave enough to do the same thing again. It seemed to happen like clockwork.

As soon as China was gone things seemed to loosen up massively.

If you have, or rather had, that many coins that either means you've been around forever or you had a shit ton to throw at it.

Both scenarios mean you should know considerably better than to keep that door open for anyone with the will and skill to walk through it. Sim swapping is well known enough.

This is the one that the most people seem to have the most difficulty with and I truly don't understand why it's so hard to wrap one's head around it.

Even now you still see that fucking Myspace/Facebook comparison when all it took to skip across was a couple of clicks and the only thing you had at stake where some whiny essays and a few duckface pics. I just don't see how people can fail to acknowledge the fundamental difference.

Having said that the tricky bit is if Bitcoin ever needed 'replacing' out of necessity, a concerted attempt to murder it or some unforeseen tech disaster, rather than some fantasy usurping. Even then the incentive is there to preserve and reboot that pile of data rather than any alternative.

I really thought that once the price had moved into late 4 figures and 5 figures the percentages of the moves would be radically lower. People would be excited by a couple of hundred bucks. Yet it can still lose or gain 30-40% in a single day just as it could when it was 2 figures.

I don't know what that means, it doesn't seem healthy to me, but the possibility for truly barking moves is still more than alive and kicking.

If we think in terms of market cap and just how thin these markets are then it still doesn't really require huge sums to make giant moves. I expected it to be past that by now but it hasn't changed. It looks like it needs another monstrous move up before it does start to behave in a less shitcoiny manner and even then it might need another one.

I think it's quite possible all of these bull runs started off with some fakery. But then real people take over. There's no way 2017 finished up fake. Witness all of the exchanges buckling, some turning away new custom, nutters and ads all over Youtube. None of that can be faked.

In 2013 people were taking out loans and selling their children in just the same way near the end.

It is a little strange how in recent times the start of these price explosions coincided with Bitfinex having problems. Same goes for Gox back in the day.

I well remember the same thoughts about the previous one yet it happened.

I do agree with you though. It seems way too set in stone in many a mind for something that has only happened twice but this one comes at a time where the building blocks are being put in place for a level of onboarding that wasn't conceivable at the first one.

It's also easy to forget that there was an absolute torrent of new coins still arriving and to arrive at the previous ones. There's still a decent amount of course but in 2012 56% of all coins had been mined, then 78% in 2016 and 89% this time. Then it's just under 11% left for 120 years. That's a big arse difference just when demand might reach previously uncharted levels.

I think it's likely there won't be many more halvings that have an actual noticeable effect, will anyone care about a reduction from 0.00152587 to 0.00076293?, but this one could be the biggest of all before its impact starts to fade away beyond pure psychology or nostalgia.