Aye, this scenario would be a proper tricky one. That would add up to several million coins no matter what.

I really can't see there being any agreement regarding anything so the only hope would be white hats having those coins away before the darker ones because no matter what, someone's going to take them. It's not as if anyone is going to announce that they've broken it either. We'll know it when it starts to happen.

Millions of coins in new hands might be the least of BTC's problems at that point.

Nope. I can't say I've ever seen anything an alt invented being integrated into BTC. And the people who say Bitcoin can suck in innovations pioneered by alts aren't being realistic. More than a few would require a hard fork.

Alts have proven themselves to be empty hype chambers or pointless cut and pastes in the main with little to no focus on the stuff that really matters. Bitcoin has shrugged off all of the things that almost all other coins would wilt at the first sign of. And development focuses on competence, safety and sustainability before any tech noodling or 'partnerships'.

You never know. There might be some OG who had some sort of dealings with them. Scam accusations tend to attract established members and many are good at playing detective. The threads there are on this are quite old now so perhaps some minds might be jogged. What do you have to lose?

Start a new thread and see what happens.

Who is anyone to tell anyone whether they can or can't sell or move their coins? The idea sets a toxic and fatal precedent.

Someone with a market moving amount of coins either bought them or put the work in to mine them. Just because they have more of them does not mean anyone else should have control over their intentions. The thought of that is plain bizarre.

Would there be an invisible threshold where you wake up to an empty wallet and an apologetic tweet? 'Sorry, dude. You have too much. Try not to try too hard next time.'

You seem awful certain. Must feel nice.

This is a dead time of year anyway. Not a great deal has happened historically until it heads into winter.

Bakkt has been too drawn out for there to be much price effect. Most people don't understand what it is anyway. There've been plenty of similar scenarios in the past like the launch of LedgerX 2-3-4 years ago. Lots of people thought that was going to be world changing. Then nothing happened. There was no pump. There was no crash either.



They'd be very stupid to make predictions and they haven't. This'll be a product most of their customers won't be familiar with. It'll take time. If they're not planning for several years out then they're even more stupid.

Total rubbish. Everyone wants dollars. You can obtain or get rid of a dollar anywhere in the world. Someone is guaranteed to have some or want some. You might find 0.1% of the same people willing to consider BTC.

Coinbase's 200-400 million figure presumably means custody deposits rather than sales. Those coins might have been bought years ago.

My take is on this area is - the freaks are the ones who dragged it up from nothing. Big bucks will gradually take over but it still won't be enticing enough for average people. Big bucks will then package and feed it back to the little guy who will be told it's what they've always wanted. And they'll agree.

I assumed MCO is pure vapourware. I've never heard of anyone reviewing a real card.



I wouldn't use Wirex if I had to involve banking in it. That's where all of the complaints are.

As a pure deposit crypto, withdraw or spend fiat it's been fine. I had to use support once for a minor problem. It was sluggish but got there in the end. I wouldn't want a serious problem.

Maybe they REALLY don't like this user so decided to take the opportunity to deprive him of his money and throw in the towel at the same time.

Other than that voice one's concern and wait for them to address it. Every case I've seen mentioned on here got sorted in the end.

Hard forking or whatever to achieve this aside, the idea of Satoshi dutifully sending in a selfie with a hopeful smile holding up his driving licence to dump on Yobit is a fucking joke.

And this is indicative of the lack of interest and understanding of the core principles of BTC. It always seems to be corporate pricks who come up with these wonderful ideas that never manage to extend their thinking to any, like, consequences.

I presume its usage goes to the highest bidder. Expect photos of Our Clavin's wrinkly old penis and testicles alongside some BSV love if the price is right. I can't think of any other explanation for its behaviour.

I suggest you actually read up on what you've bought into because the lack of understanding demonstrated is unimpressive.

The production rate is baked into the protocol. It cannot be changed unless there's overwhelming consensus. Unless everyone agrees otherwise the block reward will end in 2140. That's how it's been since it was launched in 2009 and that's how it's very likely to stay.

https://en.bitcoin.it/wiki/Controlled_supply

Have you just bought this account?

That's how bubbliness works. It's rapid, violent and ludicrously exceeds expectations. Then you get a kicking for several years afterwards.

One year to the day before the price hit 20 grand the price was about $950.

 

https://www.theblockcrypto.com/2019/08/19/court-rules-it-has-jurisdiction-over-bitfinex-allowing-nyag-to-continue-investigation/

No dice for Bitfinex. The state court or whatever has ruled that they do have jurisdiction over Bitfinex so the investigation continues into their pesky conduct. What the US wants, the US gets.

Yes. And I think it's used against the average human on a regular basis. A classic case is 'billion'. We hear this countless times a day in the news by governments and businesses until it gets to the point where the average taxpayer thinks 'hell, what's another billion?'

One million seconds is 11 days. One billion seconds is nearly 32 years.

Politicians should be forced to say 'thousand million' and blow out their cheeks and throw out their arms to emphasize how vast that number is.

I think it's been drawn out for so long that it's had little to no effect on the rise from the bottom. Ask most people in Bitcoinland and they won't even know what a future is, let alone what physical settlement means.

I fully expect it to launch without a squeak. At some point, maybe several years down the line, it'll start roaring and be impossible to miss.

One of the most consistent things I've observed is the complete inability of people to conceive of numbers slightly beyond their own tiny mind.

Mining is a case in point. Time and again people write threads about how 100% unsustainable it is to keep buying that insane 1800 coins per day. No way can an entire planet support that, no sirree. In reality it's about $90,000 per country per day. More is probably spent on hair transplants for hamsters.

I feel ambivalent about it. The stuff that's being built by the people who are building it wouldn't bother putting it together to service a crypto market that's as piddling as it is now. It's clearly with an eye towards monstrous growth.

In less than 4-5 years it's likely every major market player will have access to on ramps offered by their regular channels. In that scenario something would've gone a bit wrong if it wasn't at least 5x higher than when it made do with piece of shit exchanges put together by amateurs.

They now have the regulation in place. It's operated by one of the world's biggest finance operations. It would not launch at all without green lights all the way. It's not some one page website morons.

I don't think it'll do anything for the price the moment it launches. It counts when mania hits. The more legit options there are the more money can enter. Obviously the opposite applies too.

There is no such thing as stable miner income. Profitability fluctuates constantly, or runs out completely. The biggest miner in the world could be on their broke arse in a few short months.

You are being lied to. They will steal your money.

Moore's law seems to have petered out in general. I remember a time when the computer you bought really would be obsolete 2-3 years later. Now I use a 10yr old laptop that's still feels fine. Nothing of that nature continues in a linear fashion forever, or it becomes effectively infinite.

As for 100 grand, I never dreamt it would reach 20 grand in 2017. Four more years of better infrastructure and greater awareness feels like enough of a launchpad for it to be a possibility. The thing that bothers me is that many people are already treating it like it's in the bag.

Bitcoin either massively exceeds expectations or totally crushes them with disappointment. I think we'll either get nowhere near it or blast straight through it.