Nope. But I assume the price of entry includes a bunch of assurances and backups that allows any deep pocket to pile in without the need to account for any type of security arrangements whatsoever, plus auditing and accounting for anything else they want or need.

That's a large barrier of entry dealt with there and then. I doubt most of the insane trillionaires could operate a Trezor.

The BCH crew were very stupid to attempt to kill BTC while it's been on a pretty much unbroken months-long bull run, even more so with all the institutional talk swirling around.

The time to have done it would've been last year or 2015 when a powerful enough pump might have tempted enough traders, holders and miners for long enough. Even then it's such a shite proposition it would've failed but the scare would've been far larger.

https://medium.com/@barmstrong/announcing-coinbase-custody-a-digital-currency-custodian-for-institutions-907166d7af85

Coinbase going after that pesky institutional market with some custodial offers.

That's purely because the main exchange wasn't being counted before. Now it is. Volume's  as unadventurous as ever.

I get the total opposite impression myself. Mechanisms will evolve that mean once you're in you can stay in for good if you wish. But what do any of us know at this point?

That fella would still be writing stuff like that if Gandhi was personally issuing each and every dollar with a handwritten note of authenticity and a wink.

Despite that I think it's still possible. The truly powerful bull run beyond $1000-1200 dovetailed precisely with their loss of banking and I don't think it's unrelated. BFX is still the exchange every other one looks to.

Their past track record is gross in terms of opaqueness and it hasn't let up one bit. We can either hope that they're swept up in general mania and become irrelevant or their magical audit finally arrives and puts all of this to bed.

CCMF used to be Choo Choo Mother Fucker.

Now it's this - https://carolinacountrymusicfest.com/shop/

Took me a while too.

2,250,000 x 18/19 cents or so.

The foundation of Bitcoin is selfishness and greed. If miners find a better way to fulfil that then they're going for it.

A BTC that depends on the good will or long term vision of miners has failed.

Depends how long you've been holding your btc and how actively you trade. In the EU Germany has zero capital gains if you sell after holding for a year. Capital gains the Netherlands is very low as well.

If it's regarded as income then it's going to be more work no matter where you are.

Think of Money. If posters here can't incorporate that in their critical thinking then they're in for a bad time.

This comes up relentlessly. All tech comparisons like Noka, Facebook/Myspace have no money on the line. They're pointless comparisons to make. The only reason we're talking here is because of money. Not tech. The tech begat the money.

All you had to do to abandon them was click across or buy something else. Millions of people have a vested interest in keeping Bitcoin good enough.

We're not talking hairdryers or nose hair trimmers. People here constantly overstate the tech and completely disregard the monetary aspect.

What Bitcoin does have is everything that surrounds it that other coins do not. That includes hash rate, trust, acceptance, profile. That's pretty much impossible to obtain.

Money cannot buy it. You can't scare people into awarding it. BCH will learn that. It has to be earned.

If Bumcoin had that we'd be on Bumcointalk instead regardless of how good or bad technically Bumcoin was.

I'm sure BTC itself is thriving, but BTC enterprise certainly isn't.

The big LBC traders must have some major banking secrets up their sleeves. I'd be very curious to know how they do it and some have countless thousands of trades. I guess they're not going to let their secrets slip.

I'm sure most of them do it for free which is even more pitiful.

If there was a way around it Bitcoin would be flourishing in the UK. It isn't so there isn't. It's just a fact of life. Nothing's changed since this thread was started.

If you check r/bitcoinuk, pretty much the only subject is how to handle banks.

Bitpay and Coinbase do offer merchant processing but the only possible way they're doing that is by sending GBP from Europe. The only quasi realistic UK exchange is Coinfloor and they have to bank in Poland.

Nationwide sounds like the least crypto hostile. That doesn't mean they'll be open to a business account but it's worth an ask.

Tech is almost completely irrelevant compared to trust and adoption. We're not talking games here. This is money.

You can have the single greatest piece of tech ever but it's not going anywhere unless enough people are willing to entrust their money to it and that takes a long, long time to develop.

Bitcoin has been maxed out 24/7 for years now without a single hiccup. I wouldn't go all in on anything that hadn't managed the same.

In theory there are faster coins, more scalable coins, less power hungry coins. And all of that's jolly, jolly nice. It doesn't means shit until they've been battle tested properly.

The tech aspect can't be disentangled from the trust and robustness.

In all of human history there has not been one single business in the UK associated with cryptcurrencies that has obtained and maintained a British business bank account. It simply cannot be done.

That's why there are no exchanges and little or no business compared to other countries.

Your only hope might be when Fidor launches business bank accounts, but Fidor is looking increasingly useless. Their personal accounts lack giant amounts of functionality.  

I don't know how the Localbitcoins traders do it. I assume they hop from account to account.
 

Of course not. A transaction is a transaction. But we all know what's going to clog and what won't as do the people sending them. Many wallets won't let you choose fees that low and with others you have to actively create them. They know what they're doing.

When this isn't happening there is still more than enough capacity. In August the mempool was empty and zero fee transactions often got through. With Bitcoin without second layers there will always be a limit and people will always attack BTC by exploiting it. 2-3-4MB blocks won't make much difference.

Incorrect. It'll be a few days at the absolute max. Many of the spam transactions aren't intended to be confirmed. They'll never be processed and will return to where they were sent from soon.

Their sole purpose is to drive up fees and make you feel the panic you're expressing.

The price was stuck at $250 for what seemed like forever really not that long ago. At the start of this year $6500 would've seemed like an impossible dream.