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Bitcoin is for whatever the heck you want to use it for. May it be as a speculative investment, a hedge against fiat and inflation, a currency for paying for whatever stuff online, you name it.
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Welp, sorry for your loss.
But really though, stop wasting your time clicking for sats. There are so much great ways of making money online that this type of method is probably one of the worst ways of doing so. I'd honestly rather work at McDonalds as a cashier.
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That is some bad news. They are just straight up robbed of their finances. Its possible for the government to step up if they are within Government property since they can seize foreign or unknown items BUT Bitcoin is a currency within the Internet. It just sounds like they know what is happening and straight up robbed them. That also depends on the type of government they are running within their country. A communist state might be the worst kind to have Bitcoin (imo).
Who robbed who? Nothing happened yet. OP was just asking a hypothetical question. The BitcoinTreasury website only shows the current public companies that allocated some of their cash on bitcoin; it's not a list of amounts of bitcoin that the government stole lol. |
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1. Bitcoin is unseizable.
It's only unseizable in a way that the government wouldn't even know that you have bitcoin if you take your privacy seriously; that, or you could make some excuse that you've lost your bitcoin one way or another(see: boating accident). As for these public companies though? Knowing that needed to publicize their bitcoin purchases? The bitcoin is "unseizable" until the government threatens to fine them or put them to jail. |
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but ethereum is needed...binance coin defi ico stable coins ...its all working mainly on ethereum.
Never disagreed that Ethereum was actually being used. It's just that using Ethereum was mostly unnecessary because of centralization. show me the bitcoin use case? the both have but dont you see people how important is ethereum now!
Money that's actually decentralized and secure? Place Vitalik Buterin and the Consensys team in jail and you get what? A dead project. As for bitcoin? The government's gotta pursue hundreds and hundreds of different people worldwide. |
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The crypto without bitcoin be without ....but now without ethereum? look the usdt is on ethereum defi is on ethereum binance coin is on ethereum ico using ethereum.
Guess what? these stuff could also be on completely centralized and custodial platforms because these projects aren't even decentralized in the first place. I'm slowly being convinced that my topic should be pinned or something lmao due to people making misconceptions that just because something is on Ethereum, it automatically means it's "decentralized"; heck, USDT ain't even non-custodial. Topic: [UPDATED] PSA: Most Stablecoins Can Be Frozen, Even in Your Own Walletsetheruem now in crypto is very imporant if tomrow btc will disapere nothing much happening but if ethereum will disapere a lot things will go wrong so etheruem must have good capabilities to carry all this alone.
Nice joke. |
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Lets be honest here the online definition of Smart was
S - Specific
M - Measurable
A - Attainable
R - Realistic
T - Timely
Scammers arent smart because someone who's intelligent, fond of making money in dubious way and lack empathy for others lose the Realistic aspect thats hes causing collateral damage of others and such person should be consider as Smat not Smart.
That's true in the context of the specific description you've picked. You're stating " the online definition of Smart was" as if there's only one official specific definition of that word even though you just picked that specific one because it fits your argument. |
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Scammer are smart but unfortunately they are not smart enough to make money the right way.
Not really, because it's mostly really not the knowledge/intelligence/wisdom they're lacking, because a lot of scammers/thieves are definitely smart as hell(look: a lot of politicians). It's just that most if not all scammers/thieves have complete lack of empathy towards other people. |
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I thought almost all bitcoin ATM's are KYC ?
It depends on the bitcoin ATM company issuer, and probably also the local laws. Some require KYC for all transactions, some require KYC for only high amounts, and some don't require KYC but have CCTV cameras. |
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You will be more shocked when see reports about how much they earn from their sheme.
Nope. I'm fully aware that these "better" scammers are making gigantic amounts of money. Regardless how good they are, they're still complete pieces of shit and are a total waste of earth's resources. |
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It would be interesting to know why Square made this investment. Purely for investment reasons or are there plans to integrate Bitcoin into its payment service.
Unfortunately the statement does not give any information about this. The latter would be very interesting.
Square made a really really short post on why they allocated $50m of their cash holdings into bitcoin: https://squareup.com/us/en/press/2020-bitcoin-investment“We believe that bitcoin has the potential to be a more ubiquitous currency in the future,” said Square’s Chief Financial Officer, Amrita Ahuja. “As it grows in adoption, we intend to learn and participate in a disciplined way. For a company that is building products based on a more inclusive future, this investment is a step on that journey.” |
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Begging of merit is prohibited right here on our forum and if the merit sources and other members think that you deserve merit I think they will give it to you it's better to change your perspective right here on the forum like just spamming bounty campaigns and doubting to earn the forum is huge there are a lot of topics and threads that you can learn and helps you to increase your self.
Yep. Let's not kid ourselves, most(probably 99%) of these types of post are just sort of the "legal" way of earning merits lol. Not really as subtle as they think though.   |
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1. HodlHodl.com 2. Bisq.Network 3. LocalCryptos.com Try looking for local buyers/sellers in your city so you could transact with physical cash. If there aren't, then go with the bank transfer option. Some tips: - make sure to do the transactions on well-secured and well-lit areas to prevent robberies and such.
- you probably know this already, but when buying bitcoin, make sure the transact has at least 2 confirmations before you finish the deal, as to prevent double-spends.
- if you couldn't find decent offers on these sites, you could always create your own buy/sell offer.
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Those "better" scammers would honestly probably do a killing in the creatives industry. They really do make great graphics and decent post copyrighting to be able to trick more people. Unfortunately they're using their talents in malicious means.
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Just a heads up: Please don't. You're better off learning an actual skill and use it for a business or a job rather than doing bounties. You can get better with time with things like web/graphics design and programming, but collecting bounties ain't going to add crap to your personal skills. |
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Why is this significant?
It may or may not be significant, it just depends on how you're going to analyze the fact that a lot of bitcoin from old wallets have been moved. Maybe the coins were just moved to a new wallet? A hardware wallet perhaps? Maybe the coins will be dumped into the markets? Maybe the coins have already been sold to another person/entity? Completely up to you. Hopefuly this news is not enough to cause another fud wave
Screw it. Let the FUD wave come. More opportunities for cheaper bitcoin. |
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Even so big news gives us only +700 usd in price. Im not sure that this cause really big hype around the industry
I mean, are you expecting a $5000 price rise or something? Though the news about Square was really great, if you're actually following bitcoin news it's really not new that Jack Dorsey, a big name in the tech industry, is a bitcoin bull. |
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they might even act as a buffer by making sure that the price does not fall down much.
Yeap, but it could also be the other way around(though probably much more unlikely). In square's case, whereas bitcoin is only sub 1% on their balance sheet, it's surely really really unlikely for them to be forced to liquidate it. In MicroStrategy's case whatsoever, whereas they invested $425m in bitcoin while they only had 456m cash in December of 2019[1](not sure how much cash they have at the moment), they're definitely taking a much bigger risk.
[1] https://finance.yahoo.com/quote/MSTR/balance-sheet?p=MSTR |
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