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@Carlton Banks. Paypal's adoption of bitcoin and the cryptospace might entirely not be that bizzare. They want part of the billion trading cryptocoin market through trading fees. This is a new revenue stream by turning millions of their users into cryptocoin gamblers hehehehe.
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@suchmoon. I also like the Raiders hehe. They hired a new defensive coordinator but we cannot be certain how their defense can be fixed in only 4 days. However, they might not allow more than 30 points similar to their last 3 out of 4 games.
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Now, with the bitcoin and cryptocurrency community looking forward to a slew of developments in 2021—including the much-anticipated launch of Facebook's bitcoin-inspired cryptocurrency and potentially industry-defining U.S. cryptocurrency regulations...
FB will eventually launch some kind of stablecoin, and we all know that such coins are completely pegged with the fiat currency that supports them - which opens up unlimited manipulation as seen in the case of Tether. I don't understand why people think that the launch of Libra will be good for us and for decentralized coins. The whole scenario of people learning about Libra/Diem, exploring it, and then finding out about Bitcoin is a bit childish, everyone has already heard of it and if they haven't tried it it's certain it will take more than Facebook and d'oh, what reputation Facebook has at the moment to convince them. Centralized coins are in the best case scenario a competitor, in the worst case a real danger as getting rid of competitors is what business try to do all day, and Facebook as a business will try the same, forcing business to accept their coin and at the same time putting pressure on rising fees for others if not dropping them altogether. It can also be argued that Paypal is doing their adoption of bitcoin similar to the centralized controlled facebookcoin, however, worse.
There is a slight difference, Paypal can improve things, by letting you withdraw real coins to your wallet as they promised they would (eventually), Facebook can't do anything good with it, no matter what they do with it will be the same centralized garbage in which you will never have control over your coins. They promised hehe. I speculate that this might never come because it would be a big compliance problem. Paypal wants bitcoin adoption, however, it does not want to give its company unnecessary legal problems. |
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Has everyone begun buying this in secret or has everyone dumped everything? I do not see the excitement for this pump hehehe. I hope no one has jumped off from a cliff without a parachute hehe.
My original plan before launch was to start accumulating about now but not so sure anymore. It appears that this was the original plan of everyone else also. However, agreed, it will certainly be a very big mistake not to be on this pump on bitcoin. |
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I am afraid that the IRS might not stop on their own citizens and it might begin taxing foreign users of American exchanges. Lawyers and legal experts. Is trading in an American exchange a taxable activity for people who do not reside in that country? I might have traded in an American exchange hehehe. I also reckon we should begin to educate all users about this. The Internal Revenue Service (IRS) is making it harder for taxpayers to conceal cryptocurrency transactions — whether intentionally or not — by adding a new question about it near the top of the new Form 1040.
The form released last week asks: “At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?” The only option is to mark yes or no.
If you answer inaccurately, you could find yourself in hot water with Uncle Sam who is rooting out tax evaders, tax professionals warned.
When you sign the form, it’s under the penalty of perjury,” said Ryan Losi, a certified public accountant and executive vice president of PIASCIK, a tax firm. “The IRS is just gathering the data, changing the forms to expressly say you did or didn’t, and setting the trap, so in the coming years, the hammer can come down.”Read in full https://money.yahoo.com/irs-bitcoin-and-virtual-currency-tax-form-193503386.html |
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Someone should remind getmonero.org's administrator to update the website's SSL certificates. This is the bull market, I reckon many people will be going to the site and see this.   |
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Pardon him. This is my own opinion, however, I reckon the investigation on Ross Ulbricht was unfair, biased and the agents behind this were corrupt. It would not be shocking if a new investigation found planted evidences from the previous investigation. U.S. President Donald Trump is reportedly weighing whether he should give the jailed founder of the defunct dark web marketplace Silk Road, Ross Ulbricht, a pardon.
According to a report by the Daily Beast on Tuesday, the White House counsel’s office is reviewing Ulbricht’s case documents.
The Daily Beast cites three sources familiar with the matter claiming the president has been reviewing cases ahead of his next round of pardons and commutations before the Jan. 20, 2021, inauguration of President-elect Joe Biden.Read in full https://www.coindesk.com/ulbricht-silk-road-trump-pardon |
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@Darker45. I am quite certain all cryptocoin exchanges would remove KYC to reduce expenses and workload and also to increase users and revenue. Their concern is only being compliant with the regulators. I reckon exchanges do not really care if El Chapo, Borat or Taylor Swift laundered money through them.
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Has everyone begun buying this in secret or has everyone dumped everything? I do not see the excitement for this pump hehehe. I hope no one has jumped off from a cliff without a parachute hehe.
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@exstasie. I disagree. Speculating about this is learning about the economics behind the cryptospace and we might have only begun to know the real story, I reckon. Also, the movie that can be made based on the real story behind this might put the movies The Big Short and Wolf of Wall Street on a lower level hehe. Read this article. Everything appears to be planned from the very beginning. Tether and Bitfinex are not the same corporation. Tether controls the issuance contracts for all USDT in circulation on all blockchains, but Bitfinex manages the backing assets.
If Tether dies, the keys are passed on to another LLC and life goes on.
If Bitfinex dies, Binance can then make a deal with Tether to back the network with their own basket.
If Binance dies, Bittrex can then replace them.
If Bittrex dies, OKCoin can then replace them.
So while it’s obvious the market continues to shrink and must deal with the inevitable turmoil all of those exchange closings would create… USDT very well has every chance of outliving all of them.
That’s it. Tether wins.Source https://bryceweiner.medium.com/hopes-expectations-black-holes-and-revelations-or-how-i-learned-to-stop-worrying-and-love-7747cf8ea11c |
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@Sithara007. I did not imply Paypal can control bitcoin. I said Paypal wants to control the way bitcoin is used. They are taking the most important properties of the currency and transformed this into a censorable token for speculative gambling for their users. Is this adoption?
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@Hueristic. Agreed! However, it does not cover the spread for the people that gambled on the Ravens. The spread was Baltimore -3.5, was it not? I might be wrong.
The fans in the stadium gambled risk on the coronavirus for this heartbreak hehehehe.
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Wild game, yes! This might go to overtime!
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@suchmoon. It appears Lamar might play again. He is seen on the side being given his helmet hehe. Their running back might be injured, however.
In any case, touchdown for Ravens. They win the game.
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@suchmoon. I have the game playing on mute while reading some bitcoin news. What happened?
The Browns will win this game if they make this touchdown. It is right now 4th quarter 7:00.
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Charles Oliveira surprised me by completely dominating Tony Ferguson, i thought he could have stopped Tony Ferguson in the first round if there was a few seconds more as the armbar was nasty.
I see no fire in Tony Ferguson eyes in his last two fights. Imo, he seems to fight like he is forced somehow to do it. Maybe by financial situation, maybe because he is tired to be not fighting, maybe he has not fully mentally recovered yet. Tony was loaded to fight back in 2018, during first cancelation of fight against Khabib. Now the sparkles went out. And btw, by looking how he sucked at wrestling against Oliveira and that armbar, I remember how he told Khabibs wrestling is nothing. Khabib would have submitted him in first two rounds. Similar to how Anderson Silva has never recovered after his first loss to Chris Weidman, I reckon we are also witnessing it with El Cucuy. He might not be the same person.  |
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@aesma. I reckon the invisible men hehehehe. In any case, news reminder. Tether, iFinex, Digifinex, Bitfinex are now in a very difficult situation. The New York supreme court has rejected their motion to dismiss the case and they need to supply the documents, bank records and accounting for Tether's issuance. Records Tether cannot or will not produce. This supreme court decision to put them back on trial was made on July. I am not certain why there is no bitcoin news media outlet covering this. The judges lay out initially that this appeal was absolutely meaningless from the start, and nonetheless take the time to lay out why each of Bitfinex’s arguments are invalid.
They begin (as shall I) with Tether’s argument that it is neither a security or a commodity and as such these activities surrounding Tether are not covered under the Martin Act. The judge strongly disagrees.
The first point laid out here is explaining that Bitfinex did not appeal correctly to challenge the NYAG jurisdiction, and instead in effect were trying to appeal the right of the Supreme Court to hear an application for this type of order.
The second point follows along with this one to emphasize that they did not appeal the order they appear to have a problem with.
The third point, is laying out even if they had handled this appeal correctly Tether would still be found to be covered under the Martin Act.
After settling the issue of whether Tether was neither a commodity a security they addressed the argument by Bitfinex that the New York Supreme Court lacked personal jurisdiction. In this argument Bitfinex tried to claim that there was insufficient link between their activity in New York and the alleged fraud. The judge did not find this argument convincing at all.
In conclusion, this case has been moved from the appellate court back to trial, Bitfinex and Tether must hand over the documents requested, and they are now in an extraordinarily difficult position.Source https://bennettftomlin.com/2020/12/06/analysis-of-the-new-york-supreme-court-remittitur-in-the-tether-and-bitfinex-new-york-attorney-general-case/ |
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I'd also add that Facebook's coin "Diem" (not Libra)*** might as well just be an entry in a database for all the "innovation" it brings. It is centralized, censorable, blocked at a border, tied to fiat, can be frozen at the whim of whatever government can pressure FB. It might just be that FB not liking what you are posting or disagreeing with you. As the last few years have shown, these huge companies (FB, Twitter etc) are behold to the governments and political parities. Do something they don't like, "well your coins are frozen and you can't move them or cash out. Recourse? None since they aren't regulated banks." Members of the association will be able to see, extract and analyze the items in the Diem ledger - think they are following you now with cookies? Then they'll be able to also track what you spend your coins on.
this the whole concept of money is about ownership, money is simply an imaginary piece of the real pie. Everyone pretends the money is as good as something with real value; it's a universal mirror of your stake in the economy, a token of ownership. so if someone else can control how you spend your money, then it's not really yours. People trade their labor for money, and the fewer choices you have with which to spend it, the more that your labor is essentially controlled by that someone else. traditionally, when someone controls how, where or when you work, or what you can trade it for, your role in that relationship has a specific name.... It can also be argued that Paypal is doing their adoption of bitcoin similar to the centralized controlled facebookcoin, however, worse. Paypal wants to control how bitcoins are used while much of the people in the community celebrate and think this is adoption.Is the specific name called a slave hehehe? |
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It appears that there might be a stronger argument for Josh Allen to be the NFL regular season's MVP after watching the game. Last year I predicted Lamar. I will declare myself bitcointalk.org's regular season MVP futures whisperer if it is really Allen for this season hehehe.
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If XRP is centralized, how come Ripple won't simply prevent him selling it?
The reason might be because there was an agreement that involved lawyers and papers signed. They needed to control Jed and at the same time Jed needed assurance that he can dump without legal repurcussions. Jed would never need permission if it was decentralized. So at any time Dumping of XRP may happen?is this what can happen?though we are not accusing Jed of this yet the Possibilities are there? sorry for Noob question i just find it interesting. Anyway the Spark airdrop is ending soon,Will Ripple stays this low?opposite from expectation of others.though its their fault expecting too much for a crypto coin. Jed cannot anytime. There was an agreed limit on how much Jed can sell every week during the first years until he can sell up to 2 billion XRP per year on the 7th year and remainding years. The agreement was signed on 2014. There are sources about this on the internet. |
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