In other words, a trading bot..

There are tons of trading bots doing the same thing right now. If not then how different would it be to the trading bots that we have currently in the market? As usual, there would be some risks associated with your software and of course, people will have to deposit something into their account before it can start making money, otherwise it will just run stagnant and not doing anything at all.

It would be best to lay down your terms and your plans on how would you execute such.

Good question. Trust and reputation is something that holds little to no value in a scenario like this. If people want to expand thwir network and be known as a legitimate seller of goods, they will build trust and make a good rep for everyone to know that they are the real deal. However for the right amount of money, the same legit business can scam anyone in the way (we have tons of examples here in this very forum.)

Now perhaps you can say an escrow would be viable, then again how sure can you be that the escrow wouldn't run with the funds? There's really a lot of loopholes with that though bitcoin only does one thing: facilitate transactions but not act as a guarantor that party A would release items to party B even if the tx is visible to everyone. I'm afraid to say that it will really boil down to the type of person you will be dealing with if you want to go the route of your scenario. Escrows are nice, but then again you have to pick someone who has a track record of keeping it clean even with large sums of money.

I'm still at level 0 since I'm always preoccupied with a lot of things IRL, especially my dissertation and my business. There was once a time wherein I would just gamble and gamble every single day since I'm not doing anything important as of those moments. I consider myself to be at level 1-3 during those times and thankfully it never progressed after I have had the biggest win in my life. Right now, I still gamble whenever I have the time, not for the win but mainly for the entertainment and for the feel of playing once more.

This is also the thing that made the whole thing somewhat understandable and cleared all the vagueness of the statement for me. Had the transaction been a legitimate one and mixed through the said process, there wouldn't be any indictment nor a case to begin with.


The bolded word already differs what the case did and what other mixing services did. Sure, there will be no way to know whether the funds that are being mixed on a mixing service is legitimate or not, but in this case, Harmon has been caught with some form of acquaintanceship with AlphaBay, and was somewhat noted to have some form of illegal activities on the side. Even if the mixing part of the funds weren't caught, the dude will be jailed nonetheless.

It's quite crazy to think that we live in a world wherein the ones who run the rules are the ones who knew nothing--or very little--with the very rules they are imposing. We all know the hype about bitcoin, and even the laymen know what it is, so it's just hard to comprehend that even people with high government positions are cramming to get a 'solution' or an 'answer' to bitcoin's growing audience.


And they even want to hire people with such credentials that may not even know the impact of bitcoin in the world's economy! These people are trained on classical economics, not so much about the contemporaries and disruptive Fintechs like bitcoin, so why the hell are they looking to deep on the said matter? ^{For formality and good use of taxpayer's money, I know but..}


They are disregarding the fact that there are still countries that are relatively poor and does not have the technological capabilities you can see on developing and first world countries. They are pretty much just being swayed solely by the statistics without looking at it on a minute scale.

It seems like most of them skipped a class or two of microeconomics and focused solely on the larger sense of things, which is the first step towards oversight and failed planning.


If currency giants such as the EU and CNY cannot deal with the power of the USD for decades, how capable is bitcoin in overtaking perhaps the most important currency there is currently (just because everyone and their mothers is using it)?

Well for one, almost everything that we are doing on a daily basis is a gamble. Some leads to more losses while others lead to some small victories.

The moment you close your eyes when you try to sleep is already a gamble on whether you'd wake up by tomorrow or not. You are taking a chance to rest even though there is a possibility that you might not wake up anymore.

Our daily lives are made up of tiny elements of gambling, and it's apt to say that most of us don't even realize it. Then again, there are gambling games which are really detrimental to a person's well-being, and being addicted to such isn't justifiable by any means, nor should even be romanticized by any article/debate.

Regulation is used very loosely nowadays. For one, regulation could mean the limitations wherein a certain service, asset, tool etc. can be used by the society, but on the other it could also mean the legal status of the said service, asset, tool etc. For the most part though, regulations only state the limits on how things can be used, governed by a certain regulating body to ensure that no abuse can be made. In a way, you were right in explaininf how regulations work, and I think it would suffice as an explanation since people just need to know the how's for this certain type of thing, and not necessarily the why's since we all know that bitcoin and crypto is money, and it is understood how money should and should not be used in the eyes of the government.

Ahh yes, even I wouldn’t step on his way, especially if that way involves him making a deeper hole for his grave and for the consequences of his action. Perhaps it’s safe to say that I fully pledge my support to CSW on this one as it is obvious that this will turn out really bad real quick. Not to mention that the Australian government is still up in his ass to this day which makes it even more fun and exciting to see the man fail.

Anyone can release such a statement and try to ‘engage in a process’ of licensing, but can only do so for a couple of steps before further verification comes in the way. It’s obviously a diversion of attention for people to not remember that he hasn’t provided a solid proof that he owns tons of bitcoins with the addresses he mentioned were his.

Probably this. Was about to say Segwit and the day I saw bc-- addresses but this definitely took me to a rather poor memory of my first searches for bitcoin. I was, for the most part of 2013 (especially July) having a hard time storing all private keys and determining which is which. Perhaps that was one of the reasons why I left bitcoin and returned in 2014 where everything was relatively easy (at least for me) to operate.

Segwit also takes a spot due to the drama it has generated since its initial documentation. It also took a couple of months before services and other explorers implemented the new format.

You can find several 'lapses' (if you may) on this cover-up, but IMO, said lapses were too few to actually make it substantial. As many of us always say, no system is devised perfectly, and perhaps these 'flaws' in the system devised by the NSA are the IPs and write-ups they have had in the past that coincided with what bitcoin and the whole idea of cryptocurrency has.

Then again, they could only be unwanted coincidences after all, and do note that bitcoin was basically a synthesis of multiple closely-related cryptographic concepts to form a working digital currency.

Having kids would certainly stop me from gambling, that's why I don't have plans on having one. The financial bursen it will have on my shoulders would be extremely high that it will not leave any room for me to gamble anymore. Moreover, the time required to tend my business and take care of the kids would be pretty high, and it would be physically demanding as well so yeah. I guess I'm not for that kind of stuff and I'm just better off being a degenerate by myself

The interest of the people only arouses whenever a price appreciation is currently happening on bitcoin. Had it not been for the said increase in price, the search trends would be a lot different and may not even contain the word 'bitcoin' in it. Most people would likely search for other things they encounter on the daily.

Let's face it, people search for bitcoin just to feed their curiosity about it. More often than not, they'll just leave the topic hanging on the top of their heads until they completely forget about it.

It was always a question of when as we already know how bitcoin achieved what was deemed as impossible a few years back. Bitcoin can certainly perform way beyond expectations and people are now realizing that it could bring them potential riches, or even just use it as a hedge against inflation and the worsening economy in their respective countries.

Though I like to differ that increase in value does not equate to wider adoption. It needs more than that tbh, and if people can't afford to get bitcoin, how would they be using it in the first place?

Free advertisement and free exposure. Anyway, the dude clearly knows what he's saying on air and knows that it isn't true. It's a desperate attempt to convert people into his centralized scam that isn't even working remotely anymore. While I agree that the transaction times and confirmations are a lot faster in ripple, still I can't deny that it's still a centralized coin after all. Therr's lots of things that could happen a long the way prompting the shut down of its network and poof! Money gone.

As for the airtime, all I can say is thanks for taking bitcoin to CNN for free.

I'm starting to think that any mixing services being advertised by some darknet marketplaces would likely get targeted by the Feds. I'm still quite unsure as to how the word 'partnered' fits between the relationship of AlphaBay and the accused, but I guess we'll hear more from them as the case proceeds. Anyway, the status of mixing services legally is still a shaky road. Even though there are methods to trace cryptocurrency transaction flows, mixing services have a way to further dilute the trail and make it as if one reached a dead end, and the feds don't like that one bit.


I hate how true this statement is.

Not really. A strong upward move from $8k to $10k does not necessarily mean that more levels of increase is already confirmed. Lots of resistance levels are still along the way so it wouldn't surprise me much if we go back to 8k any time soon. While the trading volume on exchanges rose significantly, the question is how would the momentum pan out in the long run, or even until the halving arrives?

Very unlikely. Holding bitcoin on my own generates me some trickle of profit anyway so why would I want to give it out to a third-party? Not that I am being so hard on the money, it's just that it isn't worth it to lend bitcoin as of the moment while the market is rising. Also, there's a huge chance that the loan might be defaulted and you are left with a collateral whose value isn't even great, nor can even match what your bitcoin's value should be when you got the collateral.

It's better to postponed such events than to power through with it and have the attendees added in the statistics of infected with the said virus. Up to now, the cure is slower than the rate of infection the virus has, though that doesn't mean that there isn't any hope to be found anywhere. It's also good to see that countries are banding together to find a legitimate cure to the virus. At the least, after an intense threat of a third world war, we see the countries unite and help fend off the virus.

Every one of us here surely experienced that at some point. If you say you don't, there's a huge chance that you're lying. There's a certain feeling of loss that accompanies an actual loss in gambling, and you feel the urge to get back what you lost even if the odds are completely against you. By doing so, thinking logically and rationally wouldn't be available for you, as you are only focused in getting back what you've lost and nothing else.

Perhaps it is within the human psyche to lose their self-control whenever they lose something. People do this not only in gambling but on other aspects of life as well, be it a lover, a job--literally anything else.

Well what do you expect? Cryptocurrency has allowed the gates of illegal gambling to open since it offers anonymity for those who wish to use it. Underground economies will always exist no matter how hard the governments impose the bans on certain facets of the economy.

At this point in time, people should accept the fact that bitcoin will always have its two sides: the one that the government hates and the one that the masses acknowledge. Most countries in Asia prohibit online gambling and want their citizens to just go to their accredited gambling houses instead. People patronizing online gambling over traditional gambling houses hurts the economy. Then again, we know that online gambling offers far more flexible, enjoyable and winnable games compared to what your local casino offers.