Grayscale launched their ETH thingy, ETHE today. Has anyone noticed that the price their customers/victims are paying is in the region of $580 for 0.09 of ETH derived price exposure? I know it's not ETH itself but comes a time where a premium becomes a full on piss take.

Could that have some sort of knock on effect on the reputation of GBTC?

It's quite possible the US itself won't implement the full set of hassles. Masses of legislation doesn't pass in the form it was originally proposed. Let's see.

Two words stick out in the story - Recommendations. Guidance.

There'll be plenty of horseplay before anything gets passed and it's down to each country to do it individually.

Were you detained by the police attacking a sidewalk in the nude?

Agreed. Some day I will track him down and eat his heart. This is the ultimate honour in my culture.

He's writing like Libra is some sort of Bitcoin rival that's going to eat its lunch. From all I've read I'm still not seeing it. At all.

And people crowing about it killing shitcoins, until Libra makes you dollars, and it never will, there's no rivalry there either. No one's ever actually going to use a shitcoin for anything.

This is conditional on it ever emerging in the first place in the form they're proposing and I think law makers everywhere realise this is the fight of the millennium.

I'll always think it's conceivable it was put together by state actors. And I don't think that's a conspiracy theory. It's a pretty logical train of thought.

Even the most ardent optimist must recognise the current system is one giant and teetering improvisation that's getting more convoluted by the day.

Why not knock up a far out alternative, send it out into the wild and see how it fares? If governments fund men attempting to kill goats with their minds then this is rather less outlandish. The cost of this experiment won't have been more than a few salaries.

Perhaps there are forward thinkers out there who identified the potential of something like Bitcoin and decided to see what happened once it was created and completely out of their hands.

A return to 9990 was the cockblock in 2018 before embarking on its real fall. Let's see if it guffs straight through it.

I hope their acolytes don't let them forget that. Or ideally they allocated only a small proportion to that bet. Or even more ideally left them to it to touch themselves.

By all means keep it real but comes a time where they need to be pragmatic and let go of the idea of something the real market clearly gives no shits about.

Whatever money he has access to I presume most of it comes from other people using him for their mysterious ends. I get the impression he's a useful idiot who's becoming less useful by the day.

And in no way does he strike me as a normal or rational person aware or interested in consequences. There's definitely some sort of personality disorder.

Maybe future margin trading?

I believe CZ had a tapeworm called Michael who shared many years of happy symbiosis and parasitism with him. Tragically he was coaxed out of CZ whilst asleep by his parents and squished.

That's his tribute to him.

It's precisely nothing to do with crypto. It's common sense. If a totally anonymous stranger is offering you guaranteed returns that sound ludicrously good then there is only one conclusion to make.

Never heard of this before. That's a substantial amount of BTC.

As for how to stop it, you can't. Even if they make some sort of registration compulsory they can just sail past it by placing an ad or even nothing fancier than a post on Facebook. All you need these days is an email and Bitcoin address and you may get enough saps before any type of authority cottons on.

Until there's a cure for stupidity and greed they will be an infinite resource. I don't really have any sympathy for anyone who fell for this.

I've created plenty. I would do so again and will.

And 'paper wallet' is a term that should be retired really. None of my paper wallets have been on paper. They're keys generated offline.

I double check the private keys match the wallet address with another program.

I put them in encrypted folders on SD cards. I photograph them with a dumb camera and copy and paste the keys and store them as jpegs and txt files. I do that with several cards and distribute them hither and thither.

I would not reuse, or partially spend though things like Mycelium can allow that. They're for long term one time storage and they do a fine job.

https://twitter.com/saifedean/status/1140958788159254528

Some interesting thinking about it here.

The more that comes out about it the less likely it'll ever happen in the form they're proposing.

And a reply in there raises an interesting point. Since it'll in effect be a foreign currency or asset it'll be taxable a la BTC. Obviously that doesn't really matter in America where it'll probably remain stable enough but in other countries with weak currencies and similar tax set ups it may trigger giant tax bills if you use it.

https://twitter.com/evanmthomas/status/1141501872467001344

According to the latest report issued Quadriga was a flat out bucket shop and our corpse friend was siphoning off funds to do failed margin trading for many years. Presumably more will emerge about the name changing non corpse.

I have managed to send out of it, but you're right. They're not to be trusted and it's a very stupid set up they had.

They had an in wallet exchange that was pretty much the only place to get rid of many of them. They pulled it with no warning whatsoever. That says plenty.

Only stick your junk keys in there after anything else with any value has been moved.



In the height of fork season there was a guy on a Reddit sub devoted to forks signed up with all the piece of shit exchanges and running scripts that could move some of them shitforks. He dumped on your behalf and took a cut. I should've used him.

Not necessarily. It may, and probably will, apply to any business at all. Buying a car triggers money laundering shit these days. If it's your mates then it's one thing but even if you find somewhere that's crypto only and buy off them they throw some ridiculous form at you if it's above that threshold.

Those corporations aren't tax evading. They're tax avoiding. They have enough lawyers to know that whatever they pull stands up to scrutiny even if it's offensive. That's perfectly legal and the conditions to foster it are created by legislators in the first place. If it's unintentional then that reflects poorly on their thoroughness.