I agree, the mindset they are taking with the new technology is quite weird. They are obviously great supporters of blockchain technology, but they seem to really dislike crypto-currencies, and are finding any way to ban them from their own country. Lack of control, anyone?

The US news is great, I was pretty concerned they were going to left behind by other countries who are developing their own crypto-currencies.

Binance in India? That's going to be, a lot of the people there are very welcome to smartphones, and they lack a TNC exchange, this could give them a huge market share.

That's their issue - if other exchanges are strictly following their TOS, it doesn't mean yobit needs to. A lot of exchanges will usually add a couple of stupid rules (imo) so they have valid reasons for blocking accounts, which is similar in your case.

Unfortunately, their exchange is very glitchy and it's hard to avoid, but TECHNICALLY, you are still in the wrong here.

BTW, use edge/safari or another browser to sign in if you get the error, but no popup. I was able to fix the issue with a different browser, then I got the code, and was able to sign in on my main browser. My theory is that it's a feature of chrome that doesn't like yobit very much.

Isn't it pretty counterproductive to end up making your own coin, that promotes decentralization and doesn't really fit in to what the government wants from you, and then end up revealing yourself, and your ID to the world?

Bitcoin is about having power, and when you show everyone that you made it, people feel a bit less in control of their own money, even though that isn't the case.

This combined with the government's constant hunt for the real Satoshi, means that no one will ever endanger themselves, so we'll likely never find out who it is

You are comparing an item that is meant to be used every day, as a tool, as a helper, to a currency/investment that was created in order to counteract centralization and the inflation rates of the world. Do you use BTC every day, is it a tool? Completely 2 different things here.

Let's talk about designer, limited clothing then. Companies like Supreme make a limited supply of goods, and they resell for 100x their retail value? How are you going to justify this then, shouldn't it be going down.

Don't make useless comparisons.

Rigged things are the same as scams mate. They both involve deception, and the stealing/tricking of users funds, and the funds ending up in the hands of the scammer, or in this case, the casino.

Casinos will usually operate on a system known as "provably fair" which is basically a system that does all the bets for you and makes the results as random, and as uncontrollable as possible - just don't gamble anywhere without this provably fair system.

I believe all, if not most of all terrorist groups are funded purely on bitcoin, with them not even touching fiat, or other crypto-currencies. From the little arrests that have been made on the founders of several groups, it seems like they only used BTC for their operations.

Also, the dark-net works purely off BTC, so that makes their lives a lot easier, and buying guns and other weapons is almost risk-free.

In order to combat these issues, more groundwork needs to happen - I reckon the authorities are too focused on "breaking BTC" and being able to track every transaction when this would be easily feasible with cash as well, and the other side of terrorism needs to be focused on.

Or... Just stalk all your citizens.

That's actually massive, I would have never expected malls to take a gamble on bitcoin-related services for the Black Friday/Cyber Monday specials, there's going to be a crap-ton of sales anyway, and I guess they think that the extra crypto payments will cover the fees.

Although... I'm curious to see their reasoning behind it, I personally have a theory that they are going to charge huge spreads, and attempt to profit off a possible price pump + their outrageous fees that they are going to be charging. There's something with crypto-currencies, where paying a 5 dollar fee on a 100 dollar item sucks, but paying an extra 0.00048 doesn't sting as much, must be psychology.

Yours basically trying to access your funds that require a network to connect to without a network, it would be impossible to do, just like you can't send payments from the banking system without access to the internet.

In the future though, we are likely going to be living in a world where sim plans become dirt cheap, and world-wide wifi has slowly become a possibility, and most people now already have a constant internet connection, so it's nothing challenging.

Of course, let's take a look at companies like Huawei for example, which has lost a lot of it's market share due to the scandals facing it in the US, and basically no one being allowed to use it in the US, destroying their business.

Trade war means everyone loses, consumers have to pay more since there is less competition, businesses then lose more because they aren't allowed to operate in one of the biggest markets in the world, and the government loses because their country's GDP is definitely going to go down.

Hmhm. From personal experience, there are quite a lot of small exchanges that deal with a small range of crypto-currencies, as well as some fairly secretive OTC platforms (think of a Chinese Localbitcoins), these are likely the platforms taking the hits here.

Also, no one actually uses bitcointalk to post if they are Chinese, it has very low activity and it's not for the chinese people, and 8BTC is the place to go, and looking at the site it looks like there are a lack of people panicking about it... Weird.

Not, that is what is going to change the climate issue, if people are renewable energy sources, they can use as much as they want. Personally, solar is becoming extremely useful and cheap, in my own country, the government gives out grants to people who want to buy solar panels, and they make back their money in cheaper electricity very quickly.

Isn't this the same issue with a lot of computers? There are actually a lot of people who run computer recycling plants, and most of it comes down to plastic, and that's the main problem with computers and other stuff since it's extremely hard to dispose of them.

The 2 aspects of the crypto space that is not regulated, or not regulated enough would be this and how exchanges work, I like your take on it, and to a lot of people who are experienced, it's hard to imagine people fall for this, but it does happen.

Crypto exchanges need to be regulated so they can't lie about their volume and how much money they are making, that's basically fraud. Exchanges also need to be regulated so people can't just exit scam with them and face no repercussions.

It uses quite a bit of electricity, and it's pretty obvious that the huge mining farms that are usually run in China don't help with the environment, but I don't think this is an issue that people need to be focused on.

Banking companies, tech companies, etc, etc, they all spend 100x more electricity and populate the planet more, if we truely want a solution, we need the big people to move towards a more renewable energy source and everyone else to follow.

It does make sense, to an extent. The obvious economic pathway, where there are fewer loans given out, and then that results in less spending, which results in businesses losing their profits and possible market share. It all sounds, well, sound.

The only problem though is that this is getting blown out of proportion unless there are drastic moves that are made in the next year, which doesn't look like it's going to happen, we will only see smaller cuts in profits.

It's not that big of an issue, and with the price being in such a tight spot right now, dropping 200 dollars is only 200 dollars, and just because those 200 dollars put it below the 7k threshold, doesn't mean it's a big issue.

I'm still going to put some of the blame on China, I reckon they are very influential when it comes to the price of BTC, and the recent price movements can easily be done by some Chinese whales + the usual dip in price during the end of the year.

I like this quote from the man

He is very supportive of bitcoin technology, but he doesn't like appreciate bitcoin - he is able to also reflect on other investments that are also popular and successful and he understands that these ones also have a place in the ecosystem, very open-minding thinking.

I agree with this as well, a lot of people miss the open-ledger side of blockchain technology when it's one of the most important features and helps users feel a lot safer with it's transparency.

Interesting news. They are going down a direction that isn't directly acknowledging that bitcoin and blockchain technology is in a different area of their own, and they aren't going to bother making up their own laws (which in my opinion is definitely needed, especially for exchanges and other payment processors in the crypto scene).

They instead seem to just be shoveling all the crypto companies in the same pile as the other tech countries, and they haven't made any drastic moves towards ICO's. Interesting, I think they won't bother doing anything with ICO's since they aren't getting a lot of attention, compared to other countries.

It's the same story, likely some statiscis got misseed up, but the premise of the story fairly the same.

The 4 step process is why it often takes so long for wire transfers to hit (unless you use services like Paypal and Transferwise to avoid these long waiting periods), and it's what makes it pretty annoying for a lot of people.

This isn't always a good thing - how many times have people been scammed with fake wires that get held and canceled?

Yep - that's actually pretty true with a large amount of these countries, not a lot of countries support crowdfunding in the crypto-space, and there are definitely going to be a lot of issues with those sort of businesses.

The real issue is though, does your control support decentralization? Almost every country in the world supports blockchain technology, but a lot of them don't like the decentralized aspects of it (for example BTC), I want countries to allow us to have more freedom with our money.

There are people who hold all the transaction history of bitcoin is like a huge hard drive or something, and a lot of people store the entire blockchain on their devices, so it would survive, sure, although it's more so surviving as a relic.

Because it wouldn't be able to be used. If something catastrophic happened, we aren't going to end up seeing a lot of people using bitcoin, the internet and a lot of useless technology would be abandoned and there would be a focus on a lot of more essential items.