There is literally not one shred of proof for one single molecule of this entire story.

Nothing proves Dave Kleiman had anything to do with anything. Double nothing to point to BSV's Fat Controller being adjacent to it.

Um, yeah. That's what the difficulty adjustment does. It's a never ending arbiter that pushes out unprofitable miners and allows others to take their place. And it works to absolute perfection.

I've lost count of the number of times people have rolled out the 'mining death spiral' shit. It's junk spouted by people who can't be bothered to spend a few seconds reading. I will never care about mining. I do not need to.

Nice idea. Impossible to implement in reality. There's too many to handle.

Newbie jail was a reality when I joined. I think it should absolutely definitely make a comeback. It's automated, easy to understand and erases most problems. Lots of other forums have a similar system, but if it's not the owner's will then it won't happen.

Kudos to OP for at least not starting its career here by demanding a no collateral loan. Usually they wade straight in and get some nice red marks.

The purpose of the lending section appears to be for more senior members to sneer at the pitiful attempts to have their money away. I do not understand why it exists.

Binance certainly ignores laws where they feel like it. There's nothing to indicate they're a flat out criminal enterprise like BTC-e.

BTC-e was always extremely enigmatic and everything that's emerged since about it makes plenty of sense.

If you use sim-based 2FA your entire financial future may hinge on how engaged some bored call centre worker on 10 bucks an hour is feeling that afternoon. That's not reassuring.

What's bizarre is how many companies don't offer alternatives when they should know the risks perfectly well. In the UK quite a few banks are now moving to making all internet banking and online shopping transactions require SMS only confirmation. There are probably hundreds of thousands of people who have no signal at home and they're not being offered landline or email as an alternative.

I quite often never get a text message arriving, or if it does it's several minutes after the window has expired. It's seriously clunky and needs to be given the boot.

I've never noticed that dark blue thing before. Now I feel an extra foot taller.

I'm not sure how I feel about how few people have ranked up since the merit system was introduced - https://bitcointalk.org/index.php?topic=4850225.0

32 users have earned enough merit to be legendary and some of them may have been heroes when it was introduced. If I was a fresh arrival here that would look daunting. I think I'd put it in the back of my mind and just get on with getting on.

If you were planning on tokenising the world then your current customers are an irrelevance and that kind of seems how they're being treated. They'll be looking towards all the people yet to arrive, but unless they keep it ticking along relatively contentedly until then it won't occur to any newcomers to try it.

Perhaps they intend to send big hitters to it, but big hitters are just as unlikely to want to be tasked with reviving somewhere when all the action is taking place elsewhere.

I've never been able to figure out Circle's strategies. Not sure they can either.

No mention of wex.nz at all?

Considering that's where whatever money btc-e may have wound up and then went walkies you'd think that would be a factor somewhere. Then again it may be the exact same bunch of people.

The only concrete incentive to be legendary is to get into higher paying sig campaigns, but as time goes on the difference between senior, hero and legendary will blur in those terms.

A properly run campaign will want good posters. Rank will come second to the quality of what you write.

There's no way anyone can now become legendary just for the sake of it. There are tons of try hard posters with no merit because what they write is vacuous and clearly playing to the crowd.

You won't get the merit you need by faking enthusiasm, helpfulness or knowledge. If you have it it'll be rewarded. If you don't people will see through it.

Your one and only chance may be an OTC sale but you'll be in competition with plenty of other people and you're as likely to be charged more for avoiding slippage. Forget exchanges, forget any random asshole who contacts you through here.

I'd be perfectly content with a few lumps of wood painted in a convincing manner. And when society collapses it'll have an actual use in keeping me warm.

I don't understand the purpose of such a thing. With Wechat and so on they already have near complete control of everyone's finances. No one outside China will want to use it or accept it anyway. Seems like thoughtless bandwagon jumping.

It definitely could do with a better mobile solution. I still wouldn't use it for posting unless absolutely necessary though. If modern youth can make it work going full mobile then I will wave supportively from my hoist.

The masses want to save and preserve their buying power. That's the most likely job Bitcoin ends up with in its present form if it becomes big enough and relatively stable enough. Hundreds of millions have exposure to stock markets. You can't use stocks for payments either.

If you're trading through a website then it has already proved itself not to be decentralised. It may not be custodial but the potential is there for the site to be spoofed or hijacked and off your money goes into the ether.

As for exchanges themselves I'd never use one for significant amounts. I would seek out OTC options where you get a live person assigned to you rather than winding up as a ticket number.

Can you give us examples of this? I seem to recall a big red bus and a bunch of lies.

And it's all the better for it because of that. There's so much shit spouted by people demanding to be taken seriously and it's a great shame if newcomers fall for their crap.

Cost averaging is a neutral, patient and unemotional strategy which is exactly what more people could do with in this space.

It doesn't matter what the original purpose was. What counts is what the collective decides it's going to be. At the moment it's not a currency. Maybe we'll move towards it but it's far from being in the bag. The most likely is still gold 2.0 but things could pivot again.

I'm sure there are a decent amount of spenders out there. By this point there'll be a lot of people sitting on free money. Spending free money feels jolly nice.

It's not the driver or cornerstone of this whole thing though, it's a byproduct of a reasonable size. And for some it may be the only significant amount of money they have so they may have no alternative but to liquidate some.