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If you have an Android device you could use the Mycelium cold storage spend feature. The change goes back to the original address. I've used it a few times without any problems. Exposing your private key through the camera is not ideal if you continue to use the paper wallet but Mycelium supposedly immediately wipes itself.
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Around 10% of Americans own Bitcoin.
Yeah. Right. That's typical survey bilge I reckon. As for whether the 1-4% of American Bitcoin owners being interested in this, 90 or more per cent probably got theirs from Coinbase or the Cash app so the idea of futures will be completely and utterly alien. I well remember the first time LedgerX was heading for launch however many years ago it was. For months it was touted as the thing that was going to turn things around. Then it launched and was immediately forgotten. I predict ongoing radio silence just like last time. |
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Japan and South Korea right now. They were the first Asian countries to really step up their game in the cryptocurrency scene and as a result, they came up with regulatory frameworks and a lot of compliant services/companies with their guidelines, meaning less effort in chasing down rogue/nefarious entities should they start acting like so since the government already paved a way on how to deal with these things.
Hmm. Are you sure about South Korea? It looked to me like the whole place exploded and the government stood back and flapped its arms around. The fact that you could open an exchange with an ecommerce licence, the same type as someone selling tyres or greetings cards, tells me they weren't ready. Maybe they'll get there in the end but it's nothing like Japan's thoroughness, though going on how many hacks happen in Japan they could do with bucking up as well. |
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There's allowing Bitcoin to flourish, and then there's actually buying into it themselves. The latter is what starts wars, both trade and real, so I can't really see any country doing it. They'll be setting a precedent that no other government would be happy with.
I can see plenty of countries choosing not to squash BTC and introduce legislation that gives it some clarity. Not sure many or any will ever go further than that.
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https://decrypt.co/8155/8155One of his other many cases has been given the boot by a UK court. This one's because Roger Ver called him a fraud. I like this passage - 'Wright had failed to provide sufficient evidence of “the global reputation he enjoys and, more particularly, the extent to which it has been damaged. There is no other evidence as to the extent of the Claimant’s reputation in the UK (or elsewhere),”
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Ehh honestly this is pretty much one of the main reasons why people in the space are so obsessed with Buffett. Once we hear a single positive statement about Bitcoin from Warren Buffet, crypto news sites will flood the web with articles saying something along the lines of "Warren Buffet now converted from Bitcoin hater to Bitcoin believer" or something.
Yeah. I find stuff like this a little distasteful. It's indicative of the rarely voiced but regularly implied desire for permission from the old guard. You'd hope that the people involved in this don't require that but there's a real hunger for it. I get why but people should stop caring and carry on carrying on. |
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So, hopefully someone at Berkshire Hathaway might see the value of digital tokens in the future and realize that Warren Buffet's obsession with physical items might be his downfall in the future.  I'm intrigued to know whether he's laid down commandments for his successors or simply trusts them to get on with it however they see fit. Regardless of what happens in terms of digital economies developing there'll always be a 'physical' one too. People need food, utilities, travel etc. That's their market and they're clearly good at it. If I were them I'd stick to it. Neil Woodford is a cautionary tale as to what happens when someone diverges from a previously successful direction - https://www.theguardian.com/business/2019/jun/08/neil-woodford-fund-manager-rise-and-fall-investors-bright-star-black-hole |
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Most people don't learn until they've totally ruined themselves. That's how human nature works. Only the most disciplined take the time to learn which means they were going to succeed anyway.
If I decided I was going to be a trader, and I wouldn't because I'm shit at it, I'd start off with a set sum that I was fully prepared to lose and I wouldn't go any further until I'd processed how that bit of trading had played out.
If it was a disaster I'd know something wasn't all there. All the same crypto trading is so out there I'm not sure how much education can do. A few big hitters can put a bullet in everyone's carefully formulated strategies.
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It's probably just a spinoff of Binance itself. They seem to love announcing partnerships as if it gives them legitimacy or something.
More than likely. It adds a bit of excitement. The letdown comes when you start looking things up and realise they effectively don't exist or are not reassuring and it makes Binance look stupid. Kraken announced a bunch of new fiat options recently. The company they're using sound just as shit and shaky as Crypto Capital. They'd be better off buying them out and giving them a Kraken-esque name as there's no way I want to go anywhere near them. |
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Strange how certain services are always up there in comments and others stay below the parapet. Abra's been going for quite some time but it's hardly ever mentioned or suggested here.
At present the market rate for 0.01 BTC is $97.60. On Abra with a card you pay 109.97. That's for a credit OR debit card when credit is the one that should attract the higher fee. That's a big hit.
And weren't they planning on setting up a giant Western Union style network? That seems to have gone silent.
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Here's an interesting stat - https://twitter.com/nic__carter/status/1156212615095492609At some point later this year Bitcoin fees will total $1 billion in expenditure since inception, that figure is adjusted for the cost on the day. As for fees right now they're still doing well. My last cleared in less than an hour at 4 sats per byte. |
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One question, would binance would go into the same path?
What screwed Poloniex and Bittrex in the eyes of most was a messy transition to full compliance, though obviously there were other issues too along the way. Binance has yet to transition to being full anal about KYC but the day is coming. They'd better be conscious of the potential to piss off vast swathes of customers and do their best to deal with it smoothly. Both of those joints offer a salutory lesson. |
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What does Binance need to register itself as in US to keep their foot safe at that place?
They partnered with a separate company, BAM Trading Services, to keep a place in US markets. The only reason I can think why is that BAM must have the relevant licences in place already. It seems a bit weird considering Binance is dripping with money but it could save time. |
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Mostly here and especially on r/Bitcoin, I've been seeing mostly, around 95%, positivity when it comes to the lightning network.
I reckon 99% of that 95% have never used a lightning network. They're positive about it because it's something to deflect present criticisms without having to put any thought into it. I sampled a testnet wallet before it went live. I couldn't get it to work. It's an extra layer of noodling that I quickly abandoned. It may be way better now but I'm in no hurry to return to it. If people believe Bitcoin itself needs UX work, that's nothing compared what LNs need. BTC feels rather more fire and forget. |
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Bizarre that this was coauthored by William Rees-Mogg, the type of geezer who you'd expect to have cobwebs in his y fronts. The book was actually published in 2007 and not 2008.
It came out in 1997. https://www.theguardian.com/books/2018/nov/09/mystic-mogg-jacob-rees-mogg-willam-predicts-brexit-plans'For 380 breathless pages, Lord Rees-Mogg and a co-author, James Dale Davidson, an American investment guru and conservative propagandist, predicted that digital technology would make the world hugely more competitive, unequal and unstable. Societies would splinter. Taxes would be evaded. Government would gradually wither away. “By 2010 or thereabouts,” they wrote, welfare states “will simply become unfinanceable”. In such a harsh world, only the most talented, self-reliant, technologically adept person – “the sovereign individual” – would thrive.' The timing isn't A1 but it's certainly ringing a few bells. |
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"Key generation in high-security zone: the generation procedure, for which a patent application has been filed, ensures that nobody can view the key pair – not even YOUNIQX staff."
So we have to take their word for it.
Also you need an app to interact with it. What happens when they lose interest in maintaining it? I think I'm going to pass on this one.
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but I don't think theymos wants to go back to a permanent newbie jail.  Are there any pronouncements you can link to where the exact reasons why are stated? I was a bit surprised when I ended up in there on joining but I wasn't horrified or devastated. It was a little bit of a grind but eminently escapable. A lot of things look very different now of course but I'd be curious to know how it looks from the staff end. |
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