Not bad, could have been better. We have patience, with those sideline market it couldn't be so much different.
Does anyone know what their fee structure is and how much money they'd be making from a 100 BTC volume day? I'd love to know what projections they sold the idea to investors with.
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I don't see why people still care about it after Bakkt being such a fail.
CME has had a couple of years to get going. It was also a long established platform with a ton of customers already signed up. It also works in dollars which is what the vast majority in the space are only interested in. It's daffy to declare anything that came after a failure. The entire crypto market has basically been a failure since 2017. We'll know whether any of these new services count when there's bullishness in the air. They certainly won't create it themselves. What amazes me is how stupid some of these companies are in not recognising how cyclical it still is. They throw in the towel before the real volume shows up. Circle are particularly good at shit timing. They gave up on retail sales of BTC in 2016 just before it took off for real and bought Poloniex for $400 million just as it all fell apart.
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I would be exceedingly reluctant to access the junkiest account I had let alone a wallet on a public machine.
If there really is no alternative at least use an on screen keyboard and some sort of VPN, you can get free ones. Even then whoever's running it might be able to see what's on your screen.
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It would never occur to me to use Youtube for this purpose and I find it really weird that it's seen as more 'with it' and 'happening' by the kids out there.
Video is a hopeless medium for imparting the information you seek compared to the written word. Good for entertainment of course.
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My expectation of an ETF arrival is somewhere around... never.
The SEC only rubber stamps products it can police. That's the only reason it exists more or less. Since they can't police the Bitcoin market and will never be able to then they can never approve it. End of.
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People would be stupid not to move if the encryption was under threat and we could actually force them by requiring them to change addresses if all wallet software developers accepted this change. It would benefit the Bitcoin community and would be the only time I would suggest a forced move to prevent further loss of coins but if people don't move and lose their coins then that would be entirely their fault for refusing something which is so blatantly obvious.
There are without question millions of inaccessible coins. I'm sure the owners would absolutely love to move them but they don't have the ability to any more. The only people who might be able to in future will be those pesky quantum people. It's a very pertinent point that I hadn't thought through properly. There's a lot of low hanging fruit that's effectively helpless and dead and then instantly wakes up available to anyone with the right gear in this scenario. People might expect white hats to claim them first but even then that's still not a good look for a supposedly impregnable and immutable system.
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Coinbase lost Barclays banking. They've just readded faster payments using Clearbank.
The Nationwide problem was down to their intermediary bank in the EU who refuse to handle anything cryto related. This was when there was no GBP option at all on Coinbase.
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Banks can freeze accounts, rewind, correct it.
And then the quantum owner does it again and again. The whole global economy would rapidly become a smoking ruin. Bitcoin would be the least of anyone's concern. We still don't know what their capabilities are so it might be premature to be concerned, or a suicidal oversight not to be. It's possible we may not even know whether a viable one exists until the powers that be have had them for quite some time.
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I do not want to see Bitcoin again for 2000-3000 dollars.
If it ever does become quantum vulnerable it'll be worth a big fat zero, not a few grand still. You won't be able to trust any transaction and your balance could be lifted at any moment. Your bank account will also be open to all along with almost every current security system. An unencrypted world would quickly become a bit stone age.
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Since bitcointalk.org had as much to do with you being fooled out of your money as I had to do with it, let me take this moment to humbly apologise on its behalf. It won't happen again. No, sir.
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Personally, I think that the key is to be interested in new things.
I will be recruiting the demented to mine Bitcoin manually/organically. If I get enough of them, and there are millions upon millions doing not very much, then I believe I can outgun Bitmain and maybe even bring a few of them back from oblivion. As for what I go from, something respiratory is my nightmare. The idea of slowly suffocating is horrible. Either way I'll be straight off to Switzerland to be put down at the first sign of anything that looks like a one way trip. If I get an itchy finger I have to talk myself out of slicing it off so there's no way my body is going to make me suffer for long. I'll get it before it gets me.
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perhaps he is/was a writer in some capacity?
To cut it as a writer you need a few skills. An overwhelming barrage of words that causes instant glazing and possible convulsions is not one of them and not conducive to a successful career. Feel free to give it a whirl all the same.
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As others have said Kucoin looks like a possibility but it's not super clear. They don't seem to publish a definitive list and only tell you once you have an account.
Even then they're playing with fire by accepting you so in no way would I ever leave funds on there under any circumstances. They could have some muscle put on them or decide to give you the boot voluntarily.
I'd be tempted to try and use someone else's ID and a VPN but the likelihood is high I'd slip up at some point.
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If we assume the definition of insurance is - I am paid out for my fuckup - the answer is never.
For personal coverage we all know how crap most people are with online security. The only sensible insurance policy would never pay out because your coverage would only cover total impregnability.
I also hope we never find out how effective some of the policies are that certain exchanges claim to have for their own funds.
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And it must be somehow embarassing for Ripple Labs that it's not possible for them to compete with BTC regarding adoption especially because BTC has no company behind it pushing it with rewards for services adding it or other paid incentives by a centralized actor like Ripple Labs.
Well, if I were running Ripple and someone bemoaned out loud our failure to compete with Bitcoin I'd fire them for clearly not understanding what our product was. There's no comparison whatsoever and to this day I still don't understand how it sneaked into the crypto market at all.
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I'd be interested to know if anyone actually used Ripple to pay for anything.
It's worth something so why wouldn't you if you could? I guess there must be no shortage of people with a bit of it lying around who might be inspired to get rid. Same goes for plenty of other coins though. I guess if they included Litecoin they might have to face up to, gulp, SEGWIT. I wonder if Ripple paid them to do this.
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There have been plenty of government clampdowns. Look at places like Bangladesh and China. Elsewhere I've heard enough officialdom being neutral at worst. They're all aware that it has a lot of future potential and sending it elsewhere might hurt them eventually.
And what many here often think of as negative scaremongering from banks and governments - telling people they could lose it all and they're on their own if anything goes wrong as there's no one answerable - is, erm, the truth.
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but reaching $1 million is absolutely not feasible.
It's totally feasible but not very desirable. All it needs is a ton of demand in a short time met by a tiny amount of supply in a shorter time. The most likely scenario is at the tippiest peak of the most outrageous bubble. It's thinly traded at the best of times but if sellers get greedy and desert until there's hardly anything left to buy on exchanges that price is achievable. It would result in the longest and most brutal hangover in recorded history though.
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A true decentralized exchange cannot be shutdown by authorities.
Vastly more likely, the hosting or domain will be hacked which has already happened. These places should bill themselves as non custodial and no further than that. They're certainly not properly decentralised.
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What became of McAfee Magic? Why does everything he do beyond Twitter prostitution stink of slapdash disaster? I think he must recruit whoever he's doing lines with that day and gives them a couple of hours to throw something together.
Not that someone that age in that condition cares, but if he wants to sustain at all he should consider actually delivering at some point.
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