Roger is a someone who's dislike for governments is definitely going to make him at least try to find a loophole somewhere to still offer KYC free use, but then obviously in a limited form.

The main selling point is what I consider his domain because it makes people somewhat trust the entity behind it without even knowing who that is. Roger is well aware of how powerful that domain is and isn't shy to abuse it.

I have to admit though, Roger is a work horse. Say about him what you want, but he's adding so much value to that shitcoin that it is pretty sad to see his efforts go to waste. Too bad he turned into a jealous ex.

I have seen quite some reports about accounts that were put on a block because of suspicious activity, which means that the user either conducted a transaction larger than usual or a lot of smaller transactions in a single day.

In other words, if your trading behavior doesn't correspond with your trading behavior of the last couple of months or even years (not exactly sure how long they go back), you're pretty much guaranteed to get your account blocked.

I get why they are trying to be alert on suspicious activity due to regulations they have to comply with, but they are so trigger happy that it makes people using LBC actually change behavior and trade less naturally.

Do you or have you ever used a VPN or something to log into your account? Maybe that they suspect you from trading back and forth with yourself because the same IP was being used by other traders at one point in time.

I find it quite disturbing that exchanges in general vaguely describe the 'reason' for the block, but never go into detail about what actually happened so you can prevent making the same mistake in the future. Horrible service.

If you like paying a $1 fee, then sure, go ahead. It's a couple of months ago where I wanted to send someone $0.50 for a stamp through PayPal, and I got charged a fee of $1 to do so.

Completely retarded but I went through with it anyway. Another time I was charged $4 to send someone $80, also through the friends and family option. Bitcoin has definitely an edge over PayPal for cross country transfers.

People don't think it's justified to compare PayPal to Bitcoin because they have given up on the payment narrative. Digital gold narrative has to be pushed so they do exactly that. Poor show. 

Peter Schiff recently said that it's extremely bullish for gold that the average person and cab drivers are talking about it, because they're going to invite their friends and all that. Looking back, the price has gone down 5%.

I also remember that he in 2017 warned people about the bubble that was forming because the average person and cab drivers were talking about it, which according to him was a sign that the bubble was about to burst. The hypocrite.

Overall, the mass in most cases has always been a great indicator of how a market is valued, but the thing is that even when everyone is talking about a specific asset, it can still take many months before we start correcting.

Based on what? The price that's going down? Bakkt hasn't done anything to promote itself as a price driver. No product, no actual sign of demand for physically settled futures, etc. The price shouldn't react to this.

The reason for the price not to go up much more is because we're stuck in a bearish pattern, and the fact that little to no fresh capital is entering the space (read; no influx of stablecoin inflation).

When Tether was printing tokens the price kept going up consistently. Now Tether's printing has almost stopped, so does the bullish momentum that we had. It seems that we're due for months of bearish price action.

It's just a raw prototype. With some effort it will resemble more of a Bitcoin ATM as we know it, but at a fraction of the cost. I can see these ATMs be used at certain events where Bitcoiners and geeks come together.

It's something I definitely would like to build myself, but I have no clue where to even start. It makes me feel somewhat of a dumbo, which is why I appreciate the creativity and innovation of people who do know where and how to start.

As for the legal side that people refer to, that shouldn't be an issue with how these ATMs won't be widely distributed to places where they are meant to stay for ever. As I said above, these are perfect for events where people can play with it.

I don't see people evading taxation as wrongdoers. I pay taxes over my profits and fiat on my bank account, but I will not pay a single penny in tax over my cold wallet holdings.

Does that make me a criminal in your book? People are just trying to protect as much of their net worth as possible, which isn't something you can blame them for. It's a shame that we have to do this.

That being said, gold is being used for tax evasion too. This indicates that people are looking for decentralized assets that nobody can take away from them. More power to the people!

Governments issuing their own coin/token do that because it offers them more control over the money supply than ever before, so where did you read that it is going to offer people several levels of anonymity?

If you think logically, it doesn't even make sense with how governments want to trace every single trail of your transactions, so from there it's going to be an anti privacy rather tool rather than a privacy enhancing tool.

If you also add that China is slowly but surely becoming a digital surveillance country where the government spies on its people in every single corner of the street with facial recognition and such, then you'll know that privacy isn't going to be present.

It's unlikely that there is any non-coincidental correlation, but we can't discard it either-- some investors tend to front run these events in the hope that an asset will appreciate in value, which to some lower degree might apply to Bitcoin.

This front running demand isn't any different from other forms of demand-- demand is demand no matter who the investors are, and no matter what their intention is-- price appreciation is what the end goal is for basically every buyer.

Buy the rumor sell the news is an example of front running. If the to be announced rate cuts this month will disappoint, speculative investments such as stocks will increase and gold decrease.

Bitcoin could actually benefit if stocks go up, but then again, we're currently stuck inside a nasty looking bearish pattern. The bias seems to be to the downside no matter what but there is always a probability that we break up.

I knew little to nothing about it other than what people promoted Bitcoin as, which was a new form of online currency for payments. I however didn't care much about that aspect with how fascinated I was by its price.

I started out as get rich quick noob waiting for price movements to make money. The reality however was that I ended up doing more buy high sell low than vice versa. It rook me a while to figure out what I did wrong.

Bull runs is what gets most people drawn to this space, while the bear markets afterwards clean up the space where we end up with more people who are here for the right reasons, which is to promote decentralized sound money.

That would require extra cameras or infrared sensors driven by AI. My smartphone for example has an infrared laser it uses to measure dept up to a certain distance, which in this case would confirm your point.

If you however have a lower end smartphone with an ordinary camera, there isn't going to be a capability of depth measurement, which makes manipulation obviously easier.

I am still shocked by how many people use their latest smartphone models in combination with facial recognition. My smartphone has that option too, but I simply use an old fashion swipe-to-unlock feature.

I'm not even using the fingerprint scanner. I'm too paranoid to use these features.

I'm not sure if I agree with 'the community' when it comes to being your own bank. Sure, it's preferred in terms of having full control over your coins, but some people just don't care enough about the values we consider important.

People here have a hard time looking at the other side of the story because they find it necessary to promote their vision without taking into consideration that not everyone has a problem with third parties.

Bakkt exists because there is a demand for their service. Coinbase custody exists because there is a demand for their service, and so forth. If people consider these services valuable to them, then good luck to them.

What's so interesting about that? Dominance isn't longer just a metric to measure where Bitcoin stands against altcoins, but a chart that can be traded where there are resistance and support levels to pay attention to.

As with everything in a bull market, the price goes up a bit, then corrects slightly, then make a higher high, correct, etc. Bitcoin's dominance is no exception in that regard-- the trend continues until the market dynamics hint at a reversal.

Overall, altcoins have never really added anything of value in terms of utility, but they have gone through the roof nonetheless. Once Bitcoin profits are taken, the most likely route are altcoins to maximize profits even further.

It might also be related to how the elite there likes the fact that they are enriching themselves more. The less time and money you waste on people you don't care about anyway, the more there is for you to tap into.

The leaders of third world countries tend to dress up in outfits that the regulars would take a decade to accumulate through hard physical work. It's so unfair yet so common.

Ignorance is a powerful weapon the government possesses. North Korea is the most extreme example of how ignorance is being utilized as such. In less extreme forms we see also it happen in other third world countries.

I wonder though, with how shady Bitfinex has been for quite a long time now, and with how you seem decently aware of these practices based on your post, why did you even bother to use them in the more recent times?

My question is, what did you need Bitfinex for that other exchanges couldn't provide you? I can easily find multiple alternatives that provide a better and less shady service than Bitfinex without all too much effort and time.

Whales aren't that different from small fishes like you and me, because having much more money doesn't necessarily mean that they know more or have better trading strategies.

A lot of whale money has gone to waste trying to support the price during the 2018 bear market. I'm sure that the wales were just as afraid seeing the price hit $3000 as most of the people on this forum were.

It's nearly impossible to prevent old hands from crashing the price down, especially with how MtGox has been a huge seller. The positive side effect of these sales are that coins get redistributed fairer.

That's a pretty scary forecast but nothing too surprising with how we have seen the banking system adopt similar measures before Bitcoin even existed, and they aren't done yet with how governments demand more of them year after year.

Technically speaking, any service dealing with 'physical' crypto currencies is a financial institution by nature, and for that reason they are and will be treated as such. Nothing that can be done about it unfortunately.

The great thing about Bitcoin is that you can use it without asking for permission if you avoid centralized services. With fiat digitally that is not possible at all. They have built a framework meant to trap people in and turn them into their slaves.

I doubt that's going to work where we are today in the world of crypto. If we compare acceptance and how user-friendly both Bitcoin and fiat are, then fiat comes out as clear winner.

Maybe when Bitcoin is really mass-ready, and countries exempt the practice of spending Bitcoin from taxation, then it could be something of interest, but we're so far away from that right now that we have to forget about it.

It's more likely that we see governments tokenize their fiat currencies and shove them right in your throat as the only legal tender. Fiat is already digital for the most part, so tokenization is the next logical step.

Bitcoin hasn't ever really been stress-tested to where we can say it's immutable or not. I think that elections are a fundamental enough incentive to at least see arrows be pointed at Bitcoin from various angles.

Bitcoin in its current form is too innocent to be considered a threat to anything. This might and probably will change the larger its market cap and usage appreciate, but until then we will not find out how immutable Bitcoin really is.

I'm not being negative here, just realistic. Bitcoin's security is unmatched within crypto, but there are threats looming from governments we haven't yet had to deal with. Thus far they just have regulated the market, but what's step two?