Caitlin has always been good on this; the same rehypothecation exists in share markets, as she has properly ranted about before. Basically Wall Street only makes money by selling what it has many times over. Selling stuff it actually does not have is its business model. This is part of the big financial institutions' problem with Bitcoin - that they can't own one BTC and sell it, or rent it out for interest 20 times over. If they can work out how to rehypothecate Bitcoin you can bet your shirt they will, but so far there hasn't been a way because of Bitcoin's transparent ledger and regulatory issues. Exchanges already do rehypothecate - so of course it is possible, but only where the institution holds the keys of other third parties, and people who pay for or rent Bitcoin trust that third party to hold it rather than deliver. In this respect Bitcoin is like physical gold - rather than issued gold certificates. Satoshi's design was all about this issue and the criminal recklessness of the world's financial instututions. If you doubt this at all - I refer you, Ladies and Gentlemn to Bitcoin's Genesis Block. |
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Bahahaha
That sideways shit was getting on my nerves a bit. Much more relaxed now that we have broken downwards. Need to shake the tree.
Bring it on.
At what point would you break into your reserve fiat? I’ve got a good amount of dirty fiat locked away but never had the balls to go all in on it. I think if we hit something ridiculous like $5,000 I’d have no choice but to. I'd throw half of my stinky fiat at it @5k, just so I don't feel betrayed if she wants to take one more refreshing dive. Guys - you aren't going to break open the piggy bank for a $5K buy. Because it isn't going to happen. This necessary dip will end well. It's the end of an overheating and consolidation period and the wind will change. Just chill, listen to Hairy - and grab any cheap coins you can while you still can. |
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You guys are epic.  The meet was epic, first evening was alcoholic AF  But I did stand my ground  My girl fell down the stairs, I don’t even remember much after taking her back. We went through about 10 bottles of Rose, some fizz, multiple shots. I feel sick thinking about it now. I think I went green in the cafe the next morning. Hah serves you right. You were the bastard that kept buying the shots. I was very quiet and well behaved. Ahem, I don't think I have ever heard the word 'cunt' repeated so many times at such high decibel levels. But you are a bloody star, Hairy.... and you've posted like a boss since, too. |
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don't be a stranger Mayor, I got a feeling we could really use your humor here the next little bit
Yep - you've been missed BMB. Stick around a while, will ya? |
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As a fellow member of this thread, I also want to say that I enjoyed the meet-up. I was surprised how kind everyone was and that everyone get along. It meant a lot for Mic & I think also for the other members. A big thanks to Kurious for making this possible & for the nice planning!
Hey, thanks Cryptoqueeen. Only just catching up on the thread here, but all the gents and ladies who attended were great and it was a real pleasure to make so many new friends in RL. I tip my hat in salute to everyone and I look forward to next time. |
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meh
BAKKT is a giant nothingburger
yup, it may well be.. BTC is anemic these days, he needs some spicy injection. BTW, that arm´s orgy was a multi WOs meetup?? I must have missed the details.. i bet you had a great time! Share us the details! Select group meet-up A good time was had by all Fine proof of concept |
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I support minimum qualification requirements for wall observers  If only...  |
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Attn: Gentlemen of the order of the 21st (you know who you are)
PMs issued - check orders.
Message ends.
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Roger is on, go get your popcorns.  lol Roger... what an enigma. I'd love to know where he went so wrong. I actually think he has had some sort of mental break He definitely cares about that red stuff. He went nuts when Carvalho said "bcash" too. He definitely cares about these. Go and break him. That would be the scene to watch. Well that was fun. Think he's logged off, physically and mentally. He'll be back in another 3-6 months to show how little he's changed. Interesting to read a debunking of the 'in jail for fireworks' line: I somehow don't believe his story of going to jail for 10 months for selling firecrackers on ebay. I think there is something to the story he is leaving out.
Here's a transcript of the sentencing hearing, detailing exactly why he was sentenced to 10 months in jail, including the parts of the story he may have left out. Spoiler alert: pipe bombs aren't firecrackers. |
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I somehow don't believe his story of going to jail for 10 months for selling firecrackers on ebay. I think there is something to the story he is leaving out.
Here's a transcript of the sentencing hearing, detailing exactly why he was sentenced to 10 months in jail, including the parts of the story he may have left out. Spoiler alert: pipe bombs aren't firecrackers. Nice find... and an interesting read. Seems he got off reasonably lightly given what he'd done. Also seems the thought he had a history of issues that meant he doesn't think rules should apply to him. It all fits. |
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Communism on the rise? No - see China and the former Soviet states.
Totalitarianism, yes - lurching that way - but it is appearing in the form of nationalism and as far as I can see it seems to be coming more from the right wing than the left in the West.
We know you are a leftie so your opinion carries no weight. But for general information, culture always moves from right to left over time. Nationalism is a right wing thing. It is on the decline, and has been for decades. Multiculturalism is the opposite of nationalism. So your prejudice about me wins the argument? And who is this 'we' you speak for? I am a capitalist and generally libertarian actually, but no matter. However, just because I am not as jackbooted as you does not make my opinion of no value. I was attacking your sloppy and farcical arguments, not you. You, I pity. If you think nationalism is in decline you are plainly deluded. America first? Brexit? AFD in Germany? Ergogan in Turkey... Poland's Law and Justice party... Orban in Hungary.... Seriously? The liberal consensus of the post-war West is in decline, not nationalism. Everyone printing money, 'strong men' in politics with idealistic simplistic solutions often involving stretching the truth..? Sounds more like a reversion to the politics of the 1930s to me. And if you are leaving the West because of communism, as you advocate everyone should - do remember to shut the door behind you on your way out? Back on ignore. |
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Communism on the rise? No - see China and the former Soviet states.
Totalitarianism, yes - lurching that way - but it is appearing in the form of nationalism and as far as I can see it seems to be coming more from the right wing than the left in the West.
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Btw, is BAKKT 7 days away??
Yep, but no signs of much action.... yet. Anyone got stats on the deposits they've had? |
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What we know about Tera
IQ > 140
Unmatched all time accuracy calling it up and down
Actual understanding of fundamental and technical aspects that move the market
Unknown
Gender
Time of return
She (for I am sure she was a 'she') disappeared at the sheer frustration of no one listening when she was largely pretty spot on. She did very well by using pure TA on shitcoins and BTC and retired from her job at the end of 2017, I recall. Everyone shouted her down, but I miss her. Example: here she predicted in late 17 what the low would be after the top blew off as everyone was in full FOMO mode: Looks like a good time to buy bitcoin??
You can scrape some more gains out of this rally but only if you can manage sell before the drop to $3K. The best Cassadra the thread ever had IMO. |
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Cheer up chaps - we don't get down - we just HODL!
Everything comes to he who waits....
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Paashaas majorly bullish - WO posters read & begin to dream.
I can definitely deal with a new ATH this year (there’s not long left in 2019 though).
Its not high to climb either  Hopefully, it’d be the best Christmas present, a new ATH  It's a mere doubling... meh. It'll come. It's not a question of if, but when. The price we pay to become more wealthy from our fickle mistress, is simply - as always... patience. I’m calling 100k per coin in Q3 or Q4 of 2021. The real fun begins then, I probably won’t sell much at 20k. Makes sense. If the pattern holds, it was always going to be Q4 2021 for the real top, yep. Time will tell - but it's only after a while post-halving we will know where we're headed. It's not time to buckle up just yet. |
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Paashaas majorly bullish - WO posters read & begin to dream.
I can definitely deal with a new ATH this year (there’s not long left in 2019 though).
Its not high to climb either Hopefully, it’d be the best Christmas present, a new ATH It's a mere doubling... meh. It'll come. It's not a question of if, but when. The price we pay to become more wealthy from our fickle mistress, is simply - as always... patience. |
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...
The EU blocked the takeover of the LSE by the German Exchange a couple of years ago.
Let’s hope Boris is paying attention.
More than his job's worth to flog off the LSE to China IMO. Even Boris isn't THAT stupid. Much of the UK's income is invisibles (insurance / banking etc.) and most of that is based in London with the LSE and other exchanges at its epicentre. Selling the LSE effectively to the PBOC won't happen (in a sane world). I think you're underestimating Boris... The level of insanity he's capable of is practically unlimited... Yep, an inveterate liar with a Churchill fetish who was at best an average Oxford student - what could go wrong? In my defence, I did qualify my statement with 'in a sane world' - of course the problem is that we are not necessarily in one. |
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Hong Kong makes $37 billion bid for the London Stock ExchangeLondon (CNN Business)Hong Kong has just made a surprise £30 billion ($37 billion) takeover bid for the London Stock Exchange.
Hong Kong Exchanges and Clearing (HKXCF) (HKEX) said Wednesday it had made a proposal to the LSE (LNSTY) to combine the two companies in a cash and share deal worth £29.6 billion, or £31.6 billion ($39 billion) including debt. https://edition.cnn.com/2019/09/11/investing/hong-kong-london-stock-exchange/index.html There is no way China should be allowed to buy the LSE. Surely this deal will be blocked. I hope so, it would be a disaster if this happened. The EU blocked the takeover of the LSE by the German Exchange a couple of years ago. Let’s hope Boris is paying attention. More than his job's worth to flog off the LSE to China IMO. Even Boris isn't THAT stupid. Much of the UK's income is invisibles (insurance / banking etc.) and most of that is based in London with the LSE and other exchanges at its epicentre. Selling the LSE effectively to the PBOC won't happen (in a sane world). |
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John Mcafee is in hospital.
Choked on his own dick? Naw. It's just that he hasn't been in the limelight most of this summer so he had to do something to get another 15 minutes. Probably something cosmetic. He was hiding out in the north of Iceland until the last week in August, so I have been reliably informed... |
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