I think it was a very stupid move for Slush to invite third parties into their wallets. I've heard enough horror about Changelly to never want to touch it. Trezor are saying that if an exchange fails the coins will be reverted. That is not Changelly's policy. They say that if you 'fail' KYC they'll keep the coins until the rightful owner turns up.

I haven't heard of either of the other two. Trezor should stick to coin storage and not endorse anything that could potentially fuck their customers.

As time passes surely this becomes a less relevant metric. I have not googled 'bitcoin' for many, many years. There's still plenty of fresh meat out there waiting to be grilled, but at some point the idea will be as weird as a phone owner googling 'android'.

Nah. Tons of people are long gone and will never come back. Tons never arrived here in the first place and started elsewhere. No vital discussion happens here any more. That'll be on more focused platforms.

As for Binance, I'm never going to trust an exchange that has its own coin to promote.

I thought all of 'his' money was client money.

If you can't pay your mortgage why would you throw what little you have left at magic internet money?

If an economic schism happened 10 years down the line then it would start to possibly look feasible. If it happened today most would run screaming.

Bitcoin's rise has had the luxury of aligning with a near unbroken bull run in the rest of the world. It's still too early for it not to be a toy and a bet to most. And no one hangs on to toys and bets if times are hard.

There are BTC paying campaigns you can join right now. It's not as if it's an impossible dream. The pay won't be all that until you rank up.

If I were considering a campaign I would only consider those run by profitable, established and ongoing businesses which mainly means gambling and mixers.

Putting any effort into something built on hope, lies and speculation is likely to be a dead end though the occasional person lucks out.

Because that would mean they'd have to lay out their own real money to buy real crypto upfront. And none of them will have any real money, or if they do they're certainly not going to part with it.

It's rather easier to create a shit token from thin air and get a bunch of morons to hype it in the expectation it'll be worth something. Almost always it won't be.

Keep developing your account here and sign up for a campaign that isn't an insult.

I think the Bitcoin debit card will eventually die. Their track record so far is pretty dire and getting more dire.

Wirex have said they're launching in the US - https://wirexapp.com/blog/post/wirex-to-launch-prepaid-cards-in-the-usa-0026

I don't know if they have yet but they're unreliable and have a large spread. They may wind up being the only game in town.

Even if a country itself was unscathed, the economy would be so mangled and supplies would collapse so rapidly that you'd wind up full Lord of the Flies in no time. Things are far too interconnected these days for anywhere to carry on ticking away happily if the major powers were smoking ruins.

I like the idea of it and hope to see more of it, but if a miner finds the dirtiest power imaginable that's 10% less than 'waste' power then they're going to start sucking up as much of that as possible instead.

I don't believe any miner gives a shit about sustainability apart from a few weirdos at the fringes. The world is moving towards cleaner options anyway so it doesn't really matter.

Anywhere that custodies will have to yield to this eventually. I'm surprised they lasted as long as they have. What'll be interesting to observe will be the places that advertise or index P2P trades only.

If I were a reputable manager there's no way I'd bother with any of that shit. You're going to attract zombie moron members who'll be a total pain up the arse to keep a lid on and the chances are that whatever you're promoting will end up totally worthless.

This process will level out when enough people have gotten involved. It's still a fraction of the potential userbase involved now.

The bones of the internet got started in the 1950s. It was still thought of as deeply silly 40 years later. When you include money and the innate conservatism of people when it comes to money 10 years is still early days.

Steady and gradual will NEVER happen with crypto though it would be preferable in many ways.

What people tend to forget is that every other market they're familiar with has the value they start trading it at either decided by centuries of track record, like gold and silver, or some stock analyst who decides the price that trading begins at.

Crypto's come up from zero. No one knows where it's going to go. No one really knows what it's for. That's a guaranteed recipe for violent volatility and it's playing out exactly like that too. Birth is not a smooth process. It's a series of contractions. That's what's happening here too.

A relative has had two dogs of that brand. The first was an evil little fucker that loathed everyone. It even growled at the owner's dead mother as she was being hauled away which earned it a toe punt to the other end of the building. The second is autistic and I have literally never seen it wag its tail once.

I hope that copy is a bit more cheerful.

I think I've decided that I don't actually like bubbles all that much. The behaviour becomes incredibly obnoxious, what pumps is ever more stupid and insulting and if you want to actually benefit from the hysteria then if you try to exchange something your trade might fall apart or not happen at all. The aftermath is of course where you pay the real price.

However it's as inevitable as the sun rising every morning. It's how our minds work. The only thing that'll change it will be ubiquity and even then the fixed supply situation may ensure it keeps on happening.

A bit weird to see everyone poo poohing this. I would not have predicted $20,000 arriving when it did. Not by a goddamn long shot. Most exchanges are still shit, real volumes are tiny, contempt and ignorance still rains down from most angles.

At the same time we're not too far off only 10% of all coins remaining to be mined and there still isn't a straightforward route in for conventional investment money. Lift some of things weighing it down and it's going to fly at some point. 

Nope - https://www.sec.gov/fast-answers/answershedgehtm.html

Hedge funds can be grey in certain circumstances. A crypto hedge fund that claims it doesn't need to do KYC and refuses to acknowledge who any of its personnel are is heading well into total darkness.

The reported losses from hedge funds I've read about were just as dire or worse than us peons. I see no reason to pay someone a fee to set money on fire when I can do it for free. And someone who's been here for long enough will have just as much or more feel and expertise as anyone employed by one.

And this fund charges a 20% fee on the profit.

And just because it calls itself a hedge fund would you choose to trust an operation that has this in its FAQ?



Sod that.

And yet this bubble and the following beariness has played out in a similar manner to the last one so far. The only thing that's changed is the number of people and the higher price their stampede creates.

I used to be disdainful of that psychology of a bubble chart, but it fit the previous bubble perfectly and this one is lining up too.

The only thing that decides price is human psychology and that never changes. Assuming it stays alive, until Bitcoin has peaked in terms of adoption and becomes ubiquitous there'll be periods of excitement that turn feverish to be followed by disaster again. That's a consequence of a little understood new technology and a fixed supply.

I wouldn't make any price predictions. I am certain there'll be future ridiculous price peaks and when you pull back they'll be a different scale but ultimately look the same.