The pure gold keeps on dripping.

https://twitter.com/Excellion/status/1271468034931036160

And I guess this implicates him as the Mt Gox hacker? I was under the impression he had his 0.1 BTC on there and got caught up but once again the curtain is pulled back to reveal that game of 4D chess.

I find the crypto 'press' almost totally worthless and I can't think of one I respect or check regularly.

I put my own feed together on Twitter where I only follow people worth bothering with. You have an instant guaranteed quality filter and they're usually faster with the latest developments than anywhere else too.

Maybe that's the case if you're in Somalia. In functioning countries that's not going to work.

What they do know is that fraud is regarded lightly in general and it's fraud in an area they don't really care about. If it was fraud against the government they'd be nailed to the wall but since it isn't even if thousands of lives have been devastated you may only get a few months or a couple of years. For many, in the unlikely scenario of getting caught and them building a case, doing the time is worth it if they manage to hide enough.

Then that's not a dex, that's a non custodial exchange.

Aside from Bisq, which has its issues too, I can't think of anything I'd call a dex but it's not an area I study.

The problem with them is that they'll become the guaranteed first port of call for anyone with questionable coins. If they're robust enough and liquid enough people may not bother attempting to mix or obfuscate questionable coins. They'll go straight there and hand the can straight to you. I can't imagine any dex bothering to question the origin of coins. It's your problem. And exchanges getting twitchier will drive that harder.

I seem to remember that happening to someone who exchanged Monero for some stolen BTC via a system like that.

Hmm. Not sure. One of Bitcoin's prime problems is still the ignorance of people who haven't bothered to look beyond the odd headline. In many a mind 'Bitcoin' equals 'rich' even though most owners don't have a lot of it.

The stories they've heard in the news are about people making outrageous gains. Or drugs.

Realistically a fiat rich person is going to have most of it in assets that can't be liquidated easily whereas the perception is that someone Bitcoin heavy could be cleaned out in a few minutes, though hopefully they have some things in place like multi sig or whatever. That might inform the behaviour of dodgy people.

I will guess they're not planning for the more obvious and disruptive option that's staring them in the face - those meddling kids buying or earning Bitcoin legitimately and not coming back. That's vastly more sustainable and vastly more likely.

An army of people stealing untold amounts of dollars and buying BTC with it seems a little outlandish to me. You don't magic up another army of BTC sellers willing to take red hot money out of nowhere.

I think the most significant development in recent times is the stock market turning into a shitcoin of its very own. Reality has been left behind. Governments are signalling they're willing to keep stoking it no matter what. 'Investors' clearly aren't bothered about fundamentals at present. Maybe they don't need to be.

All of that takes quite a bit of attention away from crypto. Why bother with it when all that stupid shit is more readily accessible? Maybe it's going to take the dive of the aeons but for now it's the silliest show in town by quite a way.

Me and the family pull grandma out of the ground once a year and take her to a theme park. She's getting a bit manky now and her stringy bits have to be carried round in a suitcase but the smell certainly clears them queues like no one's business.

The problem with this tale is that it's EXACTLY what someone this scummy would do and India is EXACTLY the place you'd go to try and pull it off. If I was wifey and it was all true I'd go all out to get it proven and put to bed at the time as otherwise it's going to haunt you for a long, long time.

We'll see I guess but stranger things have happened.

Not many people have the equivalent of thousands of dollars or more lying around in cash. Many Bitcoin fans will. People get murdered over a few hundred dollars so it's something you want to keep a lid on.

What's more annoying is that as soon as you mention the word Bitcoin people will assume you were there in 2009 and have trillions. More than likely most will have less in it than the person asking has in their savings account, not that they'll be capable of taking that on board.

If it ever does get to the $5 wrench stage you're better off splitting it so there's one readily accessible amount with the rest hidden properly. You can do the same with hardware wallets, have a second password protected wallet with a much lower balance on the initially accessible one.

It's quite possible things got out of hand and there were no evil intentions to start with, though I seem to recall the 'dead' man had involvements in Ponzi schemes as a teen as well. A lot of these people are overconfident assholes who believe they have the power to blag their way out of any corner. Then real life catches up with them.

And where does this leave the other guy, the one with the stupid alias, who's still going? He was posting on r/bitcoinmarkets about monster trades on Bitfinex at the time presumably with customer cash.

And then tomorrow they will brand crypto fans witches and propose setting them on fire while dancing around with turnips on their heads. And then the next day Putin will offer to personally sleep with anyone with a ETH address.

Wake me up when they actually fuckin' do something. Not that it'll matter anyway.

No need to apologise but it's a bit alarming telling people to run free when that's a million miles from the truth. Paypal is just as subject to law as anywhere or anything else. Just because it's 'on the internet' does not make it magically exempt. The moment you start playing with money you also start potentially playing with fire especially in the US.

OP is talking about converting and sending $150,000 per month. Even if it's a favour and there's no profit involved that may well attract some unpleasant attention.

If people ran their lives on the 'advice' given out on here they'd spend the rest of it breaking rocks under the hot sun in chains. Have you failed to notice that everyone now has to declare to the IRS whether or not they have crypto dealings whether it's taxable or not? and it most certainly is taxable if enough profit is involved. Even if there's no profit you have to tell them you've touched it.

I would give a Paypal account with those volumes 24-48 hours before it's frozen and questions are asked. And if you're in the US you might well fall under the definition of a money transmitter. You're providing an exchange service in the eyes of the law.

It may well be fine if you stay under the radar but ignorance is no excuse.

Binance made it clear this was imposed on them by the authorities in Singapore. I expect Coinbase is rather keener on the idea since they're actively pursuing surveillance. Whoever they are they'll have to make a decision on how far to take it. There comes an inflection point where it starts to hurt their business in a significant way.

With premiums so piddling there's no longer anything holding anyone who desires one back, other than potential ball ache moving it on in future. Absolute worst case scenario you'll be down 0.02 or something. If that's millions of dollars that's a nice problem to have.

There's stuff I've printed out 30 years ago on the nastiest paper with the crappiest printer that's still absolutely fine. I can only think of faxes that have faded away. Something weird would have to happen for anything printed normally not to last for a very lengthy time.

All the same I'm sure he wasn't expecting these things to be cherished for thousands of years.

They themselves may well be fine about it, what they have to worry about is whether the next place they pass it on to freaks out.

Exchanges must know that they're playing a questionable game. If it's continued to the stage where the only thing they'll accept is a coin that's either straight from a miner or has an unbroken trail of purity back to 2009 they're not going to have a business sooner rather than later. The entire thing will seize up.

At some point they'll have to nominate firm policies about this for their sake as much as ours and they'd better be pragmatic ones.

You can start off with the best of intentions and you can carry on fulfilling them unfettered as long as you stay under the radar. As soon as your head pops above the parapet the  world beyond comes roaring towards you.

I've no doubt most companies are founded and run by shameless hookers, and why not? That's the essence of business. If you're more idealistic and want to do your bit to increase Bitcoin's usage with your own service in line with its principles you will reach the point where you either have to throw it in or send it off in a direction that pains you. Those are your only two choices.

An interesting parallel is Paypal. If you read about its early plans there are quite a few similarities to Bitcoin's goals. They originally wanted it to be a global financial structure completely outside conventional banking. They wanted it to be a database of money.

Then real life happened and look what it became.

Like everything else that was going to 'save' us, it only counts when it counts. These things certainly do not create any hype, they will definitely empower the hype when it arrives from other sources. Anything that pops up on your legacy platform is many notches above having to photograph your arse to get on Yobit.

If that's true then it's now less than the value of the shitforks plus selling the empty coin. Throw in security and shipping concerns and you'd have to be a true believer, and somewhat charitable, not to peel it instead of selling.