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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@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.
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@exstasie. The American government pulling the rug on Tether is different from Tether only losing its banking partner. Also, your argument implies that it was a pump and dump.
Taking down Tether and iFinex will remove billions of USDT from the market and the reduced liquidity might not handle the panic.
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@Carlton Banks. I was not criticizing only because it is old news. I am criticizing us for celebrating this milestone without questioning if bitcoin's capitalization is legitimate. We have not attained mass adoption, it is mostly only hodled, however, it is the 6th largest currency?
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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.
I would speculate that if we had a culture only of saving, our technological advancement might be stuck in the 1950s hehehe.
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@ansarose1. However, would you speculate that the ICO as a democratic way to collect funding for a project, that is direct from the people, is dead?
2017 for the cryptospace might have only opened something new hehe.
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The 3 are not quite the units that are supporting the price. Bitmex is only a derivatives exchange, UK government does not have influence over the cryptospace and John McAfee is a joker. This type of overconfidence should not be applauded. He might have forgotten that the largest exchanges' market makers that use USDT are the real agents that support the cryptospace market. #bitcoin holding strong after:
- BitMEX crackdown by US govt
- Crypto derivatives banned by UK govt
- McAfee arrest by US govtSource https://twitter.com/100trillionUSD/status/1313774401217855488 |
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Does he have the right to judge anything about Bitcoin only because he is the governor of the Bank of England? I reckon let the people know and judge it on their own.  LONDON (Reuters) - Bank of England Governor Andrew Bailey said on Monday it was hard to see how Bitcoin BTC= had any intrinsic value and he cautioned over its use as a means of payment.
“I have to be honest, it is hard to see that Bitcoin has what we tend to call intrinsic value,” Bailey said during a BoE question and answer session with members of the public.
“It may have extrinsic value in the sense that people want it.”
He said he was “very nervous” about people using Bitcoin for payments because its value was uncertain, pointing out that investors should realise its price is extremely volatile.Read in full https://www.reuters.com/article/us-britain-boe-bailey-bitcoin-idUSKBN26X2AH |
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@Harlot. Pardon them hehe. Similar to the people who want the monopoly for war, there are also people who want the monopoly for money laundering and other crimes hehehe.
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The Bills will play on Tuesday night versus the Titans and they will also play versus the Chiefs on Thursday night? One of those games should be postponed, I reckon.
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@figmentofmyass. At least for now? I disagree. Bitcoin will always be a speculative asset because of the flaw in its monetary system. what flaw? let's say hypothetically that mass adoption has already happened and bitcoin usage has penetrated most of society. wouldn't that inherently make it less speculative? after mass adoption has already occurred, there must be diminishing returns on speculation. imagine speculating about whether refrigerators would get adopted after everyone already has one in their house. because adoption, and whether bitcoin catches on x years from now---that's what traders are speculating about today. Cryptocoins that have limited supply will always give the advantage to the early adopters and investors because the more people own and hold them early, there will be less in circulation. We have witnessed this get rich quick phenomenon many times not only in the cryptospace and this will never change. Also, early adopters or whales will gain unfair economic influence over the coin and the late adopters. Your refrigerator argument is not a good comparison. Refrigerators have never pumped and dumped in exchanges and they are of unlimited supply. It can also be argued that a cryptocoin's limited supply is the obstruction to its mass adoption. |
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Yes, however if you lost your coins on bets, what is there to reimburse to you? Those bets are lost. Should everyone use a VPN from a banned country, lose their bets and demand Cloudbet to reimburse their coins? I shake my head.
@Ronnie?
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@stadus. They need more than a miracle hehe. Congratulations Lakers fans and bettors. This was also the only time in the final when I became brave and bet on the moneyline on the Heat.
I speculate @Reid was brave again and bet Lakers -12 hehehehehe.
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@efxes. You lost your coins in bets and want them to reimburse you because of that rule? I reckon they should only reimburse you with only all your coins before you have taken those bets.
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111-108
A surprise. The game early dominated by the Heat. And they've won game 5.
Do you think that game 6 isn't going to be the last match? and they will tie this?
The results of game 6 will depend on Anthony Davis' heel problem and how this might affect his performance. However, I speculate that he might have done everything with it and could do no more for game 6. Similar to @Reid, I will be brave and bet the moneyline for the Heat hehehe. |
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The unforced turn overs made and done by the Heat have made them lose their lead in the most important part of this game. The 4th and final quarter.
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@figmentofmyass. At least for now? I disagree. Bitcoin will always be a speculative asset because of the flaw in its monetary system. I would also expect more volatility with less coins being traded but with more leverage and more coins held by institutional whales similar to Michael Saylor and Barry Silbert.
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@agustina2. I was about to post and ask how long will the Heat maintain this lead. I want them to win, however. I do not want this to end on game 5 hehehe.
This might also end on Lakers win but does not cover the spread.
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This announcement by the United Kingdom's Financial Conduct Authority, the FCA, might be related after Bitmex's legal issue.
I have mentioned this before. I speculate that it might not stop with crypto derivatives. The bans might also begin to crawl towards real cryptocoins and legally allow only people from a higher income bracket to buy and sell bitcoin.
Utter balls and bit late now. Still feels odd to see the UK pay some actual legal attention to cryptoland. It's been almost entirely silent up until recent times. Our Arthur has just stepped down from Bitmex along with a few others. https://www.theblockcrypto.com/post/80163/bitmex-announces-leadership-changes-arthur-hayes-no-longer-ceoWhat is the latest news on withdrawals and cashouts? Bitcoin news media have been quiet about it. Many Bitmex users might be clicking the refresh button every minute hehehe. @exstasie. The ending of the story would be similar. The end of Bitmex. I am more afraid for Bitfinex and Tether. Pulling the USDT rug might show how bitcoin is very dependent on USDT for liquidity and cause a big short. |
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