What SEC meeting? The one about the remaining Bitcoin ETFs on September 30? If so, then they'll simply make a decision to approve or deny the VanEck ETF.

To note, the other ETFs were denied in part because of the vulnerability of the market to unknown manipulators. That hasn't changed since, so I wouldn't hold my breath for an approval. I don't see any Bitcoin ETFs being approved in the near future because of the nature of the market.

Damn that sucks. I agree that Paypal needs to take some serious steps to protect sellers. Chargebacks are a fucking pain. This is indeed a good reason for sellers to adopt Bitcoin and cryptocurrency technology in general.

Still, let's acknowledge that no method is perfect. It's true that this wouldn't have happened if the buyer had paid with Bitcoin instead, but buyers don't exactly have the best protection when using it. We can see this with everyone on this forum advocating the use of escrow services when transacting with people, and we know that even that method isn't bulletproof. Bitcoin is a good solution but it doesn't solve everything. Or it doesn't yet, at least.

I'd like to note that the wild ETF optimism resulted in a $2k increase. That may have been a temporary rise because of hype, but there's no denying that it can affect prices. We won't know for sure at this point, considering how bleak the ETF chances of approval are.

I don't know about privacy since it seems to be an afterthought for a lot of people, but I'd say merchant adoption will certainly help. It eliminates the need for conversion which would result leave crypto users with more time and more money. It also makes crypto easier to spend, if nothing else.

Technological improvements don't seem to have any immediate impact on the market in general, as shown by SegWit activation and the Lightning Network beta release. I could easily see that changing in the future though, especially for front-end-ish improvements.

First off, the last Bitcoin will be mined in 2140, which is more than a century from now.

Secondly, if you have any numbers regarding miners losing interest, you may want to share it. I can show you numbers that say hashrate has been steadily increasing, and has recently reached a new all-time-high. There are no indicators for loss of interest.

Bitcoin is just code at the end of the day, and it can always be developed to suit what the community needs. We don't even know for sure if mining will be unprofitable in the future, and exactly why it will happen. In cases like this, it's better to cross that bridge as we approach it; you can't solve an issue if you don't know the underlying problem. It's a non-issue at this point and for the foreseeable future.

Do exchanges usually notify you if you receive money into your account? What about coins.ph? This is most likely a fake email tricking him into opening his account on a phishing website. OP doesn't have an account with them though, so it's useless.

Either way, this is good for awareness. Those people who do have accounts should be wary of emails they receive from coins.ph (or any other service, really), since this is obviously a phishing attempt and we don't know how widespread it is.

To add to this, using crypto as money in Indonesia is illegal. Pretty much everything else is fair game.


I don't think it's completely illegal. It seems exchanges are kind of in a gray area at the moment (they're operating anywya), but trading is allowed much like China.

For what it's worth, it's not unusual for an airdrop to ask for KYC. It's fairly uncommon though, and it's a huge red flag. What you're essentially doing is selling your personal information for a bag of peanuts. You'll be included in spam lists at best, and you'll have your identity stolen at worst. It's better for you to not get involved.

ICOs asking for KYC are less suspicious, but suspicious nonetheless. It's all up to you to practice due diligence.

This division of their central bank won't be dealing with cryptocurrencies at all. They'll be in charge of digital fiat, basically:


If this really happens, we can only expect India to be even more hostile towards cryptocurrencies, as they're going to be competition. Heck, they're already being quite unfriendly now, saying that they'll be keeping an eye on peer-to-peer trades.

Spending is healthy for the economy. When someone wastes his money away on something, somebody else earns money because of it. The same principle applies to Bitcoin -- the more we spend, the better off the community in the long run, with businesses flourishing and coins flowing.

What you're describing is disaster to oneself and really no one else. Your well-being is your responsibility.

China news hasn't affected Bitcoin prices for a long time. I don't think there's anything they can do that will be able to move the market, except for maybe banning mining completely? Even then, I doubt it will be a big issue.

Another thing to consider is that most Chinese residents who are inclined towards bypassing the great firewall have likely mastered the art of using VPNs or whatever tools to do whatever they want. I wouldn't be surprised if people who have been using offshore exchanges have already been using a VPN anyway. This is probably won't have a substantial effect for the existing Chinese traders.

I might be completely missing something here, but this is basically the origin address, right?

https://www.blocktrail.com/BTC/address/1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a/transactions

While the 111k coins that were subdivided weren't touched since 2014, this one has been pretty active. It's not like the owner suddenly woke up and decided that he wanted to move his coins. Not that it matters, but I don't think they're dumping.

It's apparently only available through Yahoo's iOS app:

https://cointelegraph.com/news/despite-desktop-appearance-yahoo-crypto-trading-is-currently-available-only-on-ios-app

Kind of strange that they chose to start there, but they did say support to other platforms will be coming eventually. Yahoo is still pretty big and people who have been interested in Bitcoin for a while could be convinced to buy if they're integrated into the app. This is pretty good news IMO.

I don't quite understand what he's saying. Is he saying that they shouldered a portion of the massive fees from January and are trying to recoup their losses now? So they're basically smoothing the spike? That's kind of ridiculous lmao. I don't think there's a lot we can do about it though.

You should probably write a review of some sort to let people know which ATMs to avoid in the future.

No. You just give them your Bitcoin address and that's it. If you send the coins directly to Paymium though, they may need proof of origin, as they have said.

You may want to set up a "middleman" wallet so you don't risk losing the funds. Set up an Electrum wallet or something similar (a wallet you fully control, no verifications necessary, but no cash out option), have the person send the coins to an address in that wallet, then send an amount just below their proof of origin threshold to your Paymium wallet for withdrawal.

If we're talking about a massive amount, you shouldn't be sending it all to an exchange anyway because they could lock it up. If I were you, I'd focus on receiving and securing the coins first before worrying about converting it to cash.

Simply put, the new fork could become the real Bitcoin Cash. You'll have the same number of coins for both chains, but there's a possibility that the fork causes a fracture within the community, crashing both coins. I'm not updated with the drama, and unless you want to read into the politics and the parties behind the fork, you may want to stay away for now. There is a potential upside though, as you can double your coins like when Bitcoin Cash forked out of Bitcoin.

Lmao you say that like it's our choice. Even if everyone who owned Bitcoin wanted to replace fiat, it's not going to happen. They're going to exist for as long as governments exist, and there are no indicators that the entire world will fall into anarchy anytime soon.

All people can really do is choose not to use fiat, and the hope is that Bitcoin would actually make that choice feasible.

Well they're not exactly wrong. People have been setting up ICOs for everything, even for projects that don't really belong on the blockchain. Most aren't really selling their projects, they're selling what their projects could be worth. That's pretty close to fraud in my opinion, and it's definitely illegal fundraising because it's banned.


What's funny is that's exactly what they're trying to prevent -- capital flight.

Yeah, but then it becomes a chicken-and-egg scenario when you consider that regular BTC users themselves won't bother paying with Bitcoin if they're not getting anything out of it. They're HODLing because there's financial incentive for them to do so, and spending doesn't even net them a discount. We could easily say that they'd be willing to spend because of ideological reasons, but we all know a big subset of the community is only here for the money.

Businesses, on the other hand, have the immediate incentive of higher profits (1% transaction fee vs 2%~5%), and they get to attract a new demographic to boot. More businesses that accept Bitcoin = more opportunities for Bitcoin to be spent. It might be easier for us, the consumers, to nudge them towards that direction.

Then again, if this problem were as simple as our discussion, more people would be spending their coins and more businesses will be accepting them lol.

I see where you're coming from, but I don't think HODLers' primary objective for HODLing is to cut off supply. Most of them just want their coins' value to grow and that's it. HODLIng, in a way, could even raise demand by attracting even more new HODLers courtesy of increasing prices lol. But yeah that's simply unsustainable.


To be fair, Bitcoin payment processors often charge less in fees than credit cards, so there's a legitimate case for merchants to accept Bitcoin. Customers themselves won't really feel the difference though, because credit card fees are often already integrated with the price of products. Maybe it would be more effective if we encouraged businesses to accept Bitcoin rather than encouraging end users to spend them lol.

Nope. This suggests that demand for GPU mining is going down. It has nothing to do with Bitcoin, which can't be mined with GPUs anymore. The altcoin market is suffering alongside the demand for their mining equipment.


For altcoins, you're probably right. Bitcoin mining is as popular as ever though. In fact, the hashrate has recently recorded all all time high.