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It appears that everyone who wants or needs anonymity and fungibility must begin to remove themselves from bitcoin and stop delegating their privacy to the owners and administrators of mixers.
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@pixie85. I would argue that American democracy, a country that has a government that imposes itself to be on their side of the peace process is also fake.
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@exstasie. 2017 became the dominance of Binance, Bitfinex and some Chinese or Korean exchanges. I am
not certain, however, BTCe's millions in volume was very much lower than the top 3 exchanges' billions. BTCe on 2017 was not relevant anymore.
It also appeared to be the exchange that money launderers used to dump their coins to retrieve fiat.
In any case, yes we will see.
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Only 10%? I'm surprised it is that low. I would expect it to be more like 50%.
That is not very helpful hehehe. The fix to this problem is clearly to move away from a limited supply monetary policy to a an unlimited but predictable emmission. This will certainly not be accepted by the community, however. I wasn't being sarcastic. If it is really only 10%, then that means that 90% of bitcoins are held by owners instead of custodians. That is good news. Unlimited generation won't stop people from storing bitcoins in an exchange, so I don't know how that would fix the problem. Agreed. However, it is certainly a fix to avoid the danger and possibility it becomes 90% held in exchanges and only 10% left in control of the real owners. |
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@Ronnie. Where are the odds for US election winner? I cannot find them. I can only see the odds for the election results per state and results for electoral college per area.
Odds adjustment hehe?
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10% of all bitcoins are concentrated on five exchanges
According to Chain.info, about 10.6% of circulating bitcoins are concentrated on only five centralized exchanges.
Today, Coinbase, Huobi, Binance, OKEx, and Kraken platforms keep about 1.96 million BTC.
...
Only 10%? I'm surprised it is that low. I would expect it to be more like 50%. That is not very helpful hehehe. The fix to this problem is clearly to move away from a limited supply monetary policy to a an unlimited but predictable emmission. This will certainly not be accepted by the community, however. |
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Bitcoin is divisible down to a satoshi. A great Bitcoin shortage will not occur for the next 100 years hehe. However, because of its limited supply, what we are presently witnessing is hoarding with a get rich quick mentality.
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@vella85, @xxjumperxx, @tyKiwanuka. Do you not know me? I am the futures bet whisperer. I have predicted and bet the Raptors to win the 2019 NBA championship and the Miami Heat to win the 2020 eastern conference. Do not underestimate my power hehehehe.
I predict the Bills to win the AFC championship.
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regardless of what the polls or betting odds say, i think a biden victory is becoming increasingly likely. people are focusing too much on the inaccuracy of polls, the silent trump vote, and other themes from 2016. what they should be focusing on is the extremely high level of voter engagement heading into the 2020 election (based on voter registrations, early voter turnout, etc) which suggests a very high overall turnout is coming. many are expecting voter turnout to hit new records this year. https://www.theatlantic.com/politics/archive/2020/10/2020-election-turnout/616640/that puts things heavily in favor of biden and the democrats. i'm even starting to wonder if the dems will take a majority in the senate too. However, it can also be argued that 2016 also had extremely high level of optimism for a Hillary victory. It was speculated to be close to a certainty by the pollsters. A person's vote will never be a certainty until the shades are made on the ballot. |
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The Bills might cover the spread in their home stadium versus the Chiefs. I do not know why some of the fans on the internet are dismissing them after the loss against the Titans. The Titans are a good football team people!
In any case, this might be another hard game for the Chiefs hehe.
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@exstasie. I cannot agree. Tether is speculated to be carrying the whole cryptospace with the biggest volume and liquidity. It will not be whether it is a bull market or a bear market. If the American government is successful in the Tether rug pull, we should be hoping that the speculations are not true because it will certainly be the cryptospace's version of the Big Short.
BTCe is not a good comparison. It only had a small percentage of the total volume in the cryptospace on 2017. Mtgox might be a better comparison.
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@figmentofmyass. Your possibility is only just a speculation and we have never seen any sign that our culture will shift away from consumerism. I reckon it is in our nature to need to have the latest stuff. I also reckon that it is this very nature that sped up our technological advancement. that's an oversimplification of the issue. the degree of consumerism pervading society is not static and IMO is directly linked to savings rates. regardless, the real issue is that people used to save money. now they don't. whether that trend is reversible, i don't know, but it's certainly possible. https://www.theatlantic.com/business/archive/2016/04/why-dont-americans-save-money/478929/But the decline in savings is recent, and the human brain hasn’t evolved since the Ford administration. The bottom 90 percent of households saved 10 percent of their income in the first Reagan administration. By 2006, their savings rate was nearly negative-10 percent.
Other writers suggest that the country’s low saving rate is purely a matter of American exceptionalism. But it is also a myth that the U.S. is alone in its turn against saving in the last three decades. The personal savings rate has fallen in Canada, Germany, and Japan, as well. It might not be static, however, it is in our nature. We have always been hungering for the latest and shiniest things to buy. It has been like this in all of human history. The more shiny things you have, the higher status you want appear to be on. That is us. Also, I would argue that it is not strongly linked with savings anymore because of credit cards. Banks have been issuing credit cards with minimum background checks in many countries. An economy of savers will not develop and move as fast, I reckon. |
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This fight will be similar to Floyd Mayweather versus Canelo Alvarez, I reckon. A new rising star who might not be ready versus a veteran of the sport.
MMA fans would understand. We have witnessed this situation many times hehehe.
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@exstasie. I disagree. People might also panic sell bitcoin without the liquidity provided by USDT.
You said that Tether lost its banking partner, however what happened? There was a pump on April 2017 then dumped on December 2017.
Agreed, have that popcorn ready. However, USDC in circulation has increased from $500 million on March to $3 billion st present. It might be adopted by more exchanges to save themselves and us hehehe.
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@Harlot. I have observed that many people in the community have speculated and sometimes force a notion that bitcoin will be the only safe haven during a financial crisis. However, nothing in its price history has shown that you can buy today and be assured safety from loss during a crisis.
We'll have to wait and see. I think it's laughable myself but there are also different types of safe haven. Nothing will save you when everything's turning to shit. If you live in a country with a weak currency and also controls over moving it then it could well be pretty darned handy in a way few other things are. Agreed. Bitcoin is very useful for evading capital controls, evading taxes and many different types of criminality. Many people in the community appears to have lost the notion of disruption. Everyone these days only wants this to pump and get rich quick hehe. |
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As I predicted! I reckon that this is only the beginning. Soon exchanges will have a mandatory KYC process that will require everyone to declare annual income.
The grey markets will be the new places of trade for the cryptospace community hehehe.
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Hi guys I was so excited last week , those announcements were huge. Its the start of proper recognition of Bitcoin as a real store of value. For me the path is : 1) Individuals purchasing Bitcoin as a SOV ( he last 10 years ) 2) Tech companies ( like SQUARE ) 3) All companies ( with non Bitcoin aware CEOs - this may be done via Investment houses who offer this service to them ) 4) Central banks purchasing Bitcoin to secure a countries wealth, and for Macroeconomic trade I made a short video discussing this here : https://youtu.be/dXdcfjmYkDwThe other clear and obvious impact of Square and Microstrategy's purchase of bitcoin is making the influencers and larpers of the Ethereum community very sour grapey hehehe. By the end of 2021, more companies will hold $ETH on their balance sheets than $BTC
They'll need it so they can transact on #EthereumSource https://twitter.com/trustlessstate/status/1316202904101953536?s=12 |
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Does he know that Ethereum and some of the other decentralized smart contract blockchains were created to evade laws? There is something very suspicious about this.  “Let me just basically say how impressed I am by Ethereum, full stop, period.”
No, that’s not a Silicon Valley investor. That was Heath Tarbert, chairman of the Commodity Futures Trading Commission (CFTC), who flexed a sophisticated understanding of blockchains during a live interview at CoinDesk’s invest: ethereum economy virtual conference Wednesday.Read in full https://www.coindesk.com/heath-tarbert-invest-eth-fireside |
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Again with people seeing Bitcoin as a threat because it is being used by criminals and terrorist organizations I don't think they are making a valid point out of here. Since if we remove Bitcoin or bring a complete ban for it will this in reality solve out the crimes happening in the world? Of course not they will either go back to what they are using or find out another way of doing their transactions. Pointing out of blaming Bitcoin as a threat to their country is something pointless to say as this is just a currency and it's actually not linked to any kind of crime.
They are pointing fingers to bitcoin but not recognizing this problem that you have mentioned. It's them that's in the power and points out everything as if it's very threatening to them. very seriously. I'm like how "very seriously" it is when there's a lot of popular exchanges that are operating in their jurisdiction. It will not be very seriously if they abide by America's side of democracy hehe. All countries' governments are similar to the countries that are not a democracy in this way. |
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