The foundation's job is to spread use of the public NEM chain.

The developers aren't paid by the foundation or employed by them. The idea was that the foundation would liaise with the developers and together they would work on pushing the public chain.

What started off NEM's run of disaster and/or change was the developers calling out the foundation for doing nothing about bringing the public Catapult upgrade forward.

https://forum.nem.io/t/foundation-faq-core-dev-perspective/20363

It's been downhill since then. The only bright spot has been the change of foundation leadership who are committed to Catapult however they've also discovered the money is largely gone.

It's vital you report this to your local police station at their signature campaign department. There's really no other way.

It's an interesting exercise in collective intuition.

Basically every regular moan - Catapult isn't advancing, all the council is doing is opening blockchain centres filled with their mates, ProximaX was Lon Wong's middle finger bail to NEM itself - all turned out to be true.

The one bright spot is that this council has confirmed this and is doing the tricky stuff to address it. Imagine where it would be if this council had been in place for a couple of years.

Either way it's not exactly a jolly development.

I'm sure it would capture a chunk, the chunk would increase the more entrenched it gets. However goldbug and Zerohedge assholes have been predicting this for decade after decade with absolutely no sign of it on the horizon. Who knows what creativity they'll throw at the problem. Either way a peaceful wider economy is better than chaos for crypto's progress. Uncool but true.

They're wrong. A booming crypto is a luxury afforded by booming conventional markets. The money going into it doesn't appear from a vacuum. It's from people earning in fiat and cashing out other assets. In several decades it could conceivably be something you could move into and never look back. Until then it's dependent on the health of everything else out there.

Typical American/Western blindness.

Many parts of the world have dystopian economies right this very moment where you can't trust what's in your pocket or bank account. USD or gold may not be obtainable for people stuck in such places.

Is the new leadership team sending every person in the Russian telegram channel personalised private messages asking them for money?

As far as I can tell there is nothing to show that the Petro actually exists or is being used by anyone. There seem to be a few IOUs flying around and that's it.

Iran at least has more will and less chaos so might come up with something. Whether it'll help them is another matter.

According to that - https://twitter.com/notsofast/status/1090280631077167105  that's what happened, though I've no idea how the Tweeter knows.

It still doesn't make any sense. They should have backups everywhere.

https://www.aljazeera.com/news/2019/01/iran-central-bank-issues-draft-rules-cryptocurrency-190129051653656.html

Some evolution in Iran's stance with quite a few doors opening that were previously closed. Crypto payments inside Iran are still barred and locals still can't hold more than 10,000 Euros' worth.

And it looks like they're planning their own Petro as part of a potential middle finger to SWIFT.

According to that https://www.tehrantimes.com/news/432400/Talks-with-8-countries-over-using-cryptocurrency-in-monetary  they're negotiating with foreign 'representatives' which probably means asshole  crypto bros rather than prime ministers.

My reaction to his proclamation is - prove it.

That's the stupid thing about price peaks. People obsess over them for years afterwards bemoaning how only if they'd sold. It becomes lodged in their mind as if it was some type of platform for everyone in the world to make an orderly exit from if only they could've been bothered to.

When you actually look at the peak it lasts for a few minutes and the volume is 0.000000001% of the weeks before and after.

The falls in dollar valuation are extremely similar to most other alts give or take less than 5%.

The fall in CMC position is down to sexier projects with more hype.

Being non mineable and closed source turned off the two most active audiences from the start. If you remove the fake volume exchanges the volume is several hundred times lower than some other coins.

I think they have a limited window of opportunity to pull it back. It has a lot of virtues. There are going to be more projects with more visibility with more of those too.

That implies the thief has full control over all those funds and always has and Cryptopia has none. I don't get how that's possible. The thief could certainly have them at the same time. How do you entirely hijack wallets? Do they not have backups?

Why so emotional?

Of course they're not going to roll out a national payment network based on Bitcoin. Bitcoin already has its own galaxy wide payment network.

As ever this is nothing other than a yen token. It is no 'competition' to BTC whatsoever.

Of course almost all cars are not investments, however comes a time when you have to start spending and not get anal about 'lost gains'. That's how you wind up a millionaire living in a shack underneath a motorway wearing discarded sacks.

If you can afford the car and it benefits your life then you should buy it. We're all going to be dead for an extremely long time. I intend to expire with as little money left as possible.

I would've thought that TPS rate is only needed for internet of things type stuff. Visa does less than 2000 per second on average.

Of course it's going to be centralised and of course it's going to be nothing other than a fiat token. Let's hope it's nice and robust.

For cards I'd go for Coinbase then. Bittylicious does cover Australia but appears to have no bitcoins for sale there. I think Coinbase would be about a 4% fee for a card buy which is high but not too hideous compared to other options.

Nothing.

I certainly would not trust any exchange hiding behind Tor. I would not trust any exchange out in the open that was KYC free for longer than it took to do the transaction. They're all going to be forced to KYC it at some point.

If somewhere matched your description of basically operating burner exchanges, there is nothing enticing about that prospect whatsoever.

I have no idea either and it looks like they've frozen Paypal for now so it's a no go.

Your terminology sounds a bit British to me so look here for card buys too - https://bittylicious.com

I've bought plenty from them in the past and it always went well, but I've never tried the card option. Their card premium used to be nuts but they look tolerable now.

Your ongoing happiness and success is worth more to me than any merit.

It makes you wonder how messy the next bubble will be in terms of services buckling. It's likely to be that much larger again with that much more demand. When even shitholes like Cryptopia report a million users attempting to sign up everything may seize up.

Very few places are well funded enough to keep enough people on to cope with the peaks. And there's not enough time to recruit them if they understandably send them away when things are dead. You can't conjure up competent employees from thin air.