I presume both P2P traders and miners in China have been fully expecting to get hammered for several years. It's just a question of when it happens rather than if and they've planned accordingly. Beyond that there's really not much else they have left to throw at it.

Since Bitpay uses banks it's just the same as... using banks.

Anyone who thinks just because they have a slice of Bitcoin in their name means they're permissionless and radical is a tosser. They're just another corporation.

Many of us in more primitive places get plenty of wifi but no phone signal. I often have to insert it in my forehead and jump up and down to have any hope of receiving a text message about 1-2 hours later which has of course expired.

Is anyone else finding the app quite stunningly sluggish since the last couple of updates? It takes about 3-5 minutes to get any info up. Also in the UK at least they've now introduced phone based 2FA for every online card transaction so make sure you're in an area with some lovely signal otherwise you can't play.

If I had a large amount of coinage with only one place to put it I would choose a phone over an internet capable laptop 8 days of the week.

I have genuinely never heard of a phone wallet being hacked.

It's still not sensible to have money on something you're not completely in control of but phone's are a much less bad option than anything with Windows on it.

I wouldn't be willing to put coins into phones like these, we've no idea how competent the developers are, but an established wallet on an up to date phone with the seed safely stored is a good option.

Most Americans are on their broke arse like most other places.

Of the people I know there's little middle ground. There are either people who could last for years without working and the others wouldn't last to the end of the day.

One thing I do find a bit silly about these surveys is they never take into account possessions and assets. Most people will have something they can get rid of in difficult times, that's if it wasn't financed.

I simply could not drive that down the local chip shop or hemorrhoid clinic without feeling like the biggest dickhead who ever lived or will live. I'd rather spend less on building a full size Lego version. It would look the same and be cooler too.

Thread here about it - https://bitcointalk.org/index.php?topic=5179372.0

None of it points to it being anything other than some sort of attempted con, but then again Russia is so fucked it's impossible to tell what's true and what's not. I find the idea of the sudden arrival of thousands of coins only available through one lawyer hard to swallow.

Yes. All the goddamn time.

And then someone else pops along and points out how utterly stupid the comparisons are. R/bitcoin is the world capital of stuff like this. If I were running it it would all get the boot.

It can't really get much more dire for crypto in China. They've done all they can. This could get rather more dire for Ifinex. You'd think at this stage they would be considering easing up a little rather than provoking the biggest authoritarian regime on the planet. I'd love to know what goes on in their unusual heads.

Comparing Bitcoin to most conventional things is pointless and makes people look like nobs. Paypal, regular currencies, you name it. Most of the time applying 10 seconds of thought makes the comparison dumb.

I wish people would show more diligence as it usually makes them look like moronic cultists and it should be heading past that now.

Why shouldn't they have any more or less understanding than anywhere else? The internet is open to them. French and English are official languages.

Of course the main barriers are being broke as fuck and having more important things to worry about, but I see no reason why whole regions should have a giant comprehension blind spot.

I first learnt about it in 2009 before it had a price. I vaguely recall thinking it was an interesting idea, the bloke writing about it said it was going to change the world, but I forgot about it rapidly so I'm not sure whether I count for this thread.

In 2013 it reentered my mind. Six hours later I owned some.

I'm not exactly objective but I couldn't imagine learning a reasonable amount about it and not getting an immediate boner. I suppose these days it's much, much easier to hear about it in passing in countless places. In the past you had to seek it out which would've set you up to delve deeper no matter what.

I seem to remember Bakkt saying something along the lines of 'well, we could do that but, trust us, we won't because that would be uncool.'

That type of attitude really doesn't tend to last very long.

The one thing that BTC has to defend against that that nothing that's gone before it has had is the ability to personally verify it near instantly. I get the feeling that hardly anyone will give a shit if they have dollars dangled in front of them.

Nothing to do with Opsec. The guy is in Norway. In Norway everyone can see each others' salaries and tax payments. All the would be thief had to do was look up crypto companies and see how much money they were reporting.

Utterly barking.

Bitfinex touched me inappropriately. I haven't been quite the same since.

Other than that I'm surprised at how rarely the idea of an exchange front running its customers comes up. It must still be rampant amongst the fuckhole exchanges and I'm sure the bigger ones indulged in it too. Why wouldn't you when there no was mention of legality or not?

These days anywhere that values its future wouldn't do it but no one knows what's going on behind the scenes with any of them.

Is it going to be pure retailer stuff or would you branch out a little a la Bitpay?

I recall quite a bit of their business now is one off stuff like property purchases where the buyer sends the seller to them.

If you buy the .com where does it end? The .org  is enough. The rest of the world can take care of the remainder.

If I remember rightly bitcoin.com was owned by Star Xu of okcoin or something and there was some wittering about legal stuff regarding its lease.

Considering how much he's put in Rog must own it properly now. Bch has indeed lost but it's still a sizeable alt. Maybe they should concentrate on that but we all know they won't.

This is true but in some ways it's more reassuring to use a reputable exchange that was previously hacked as you can see how they handled it. If they survived and they didn't screw their customers that tells you something.

I don't see how any external review site can decide somewhere is safe and secure. They know nothing about how it is actually run. Just because somewhere hasn't been hacked does not mean it's impregnable. It might only be a matter of time before a hole is found.

It goes both ways. It'll be very interesting to see what it does after another bubble pop. Most will want to switch to shorting for dollars in that scenario, that's if they were ever interested in physical BTC in the first place.