If that's the future you wish for then we may as well go full Libra. At least they're serious, competent and well funded. I'd choose Libra over a small group of psychopaths any day of the week.

Of course not. There is absolutely no benefit to a user whatsoever.

It's the price you have to pay if you want to interact with the majority of services these days. They don't want to do it either. It costs them a humongous amount of money and time. That's the price they have to pay to be allowed to operate.

We could feel better disposed towards it if it helped catch scammers, but of course they're using fake ID obtained elsewhere so it's effectively useless to stop terrorists, money launderers and drug dealers anyway.

Nope. They're just prices. And they were all the fault of the people present in the market, nothing else. Anyone who's been here since before this particular bubble sat back and watched the same old thing play out again. It was boring but not scary in any way.

What I got from watching the recent hearings is an awareness that too much heaviness could drive crypto away into the arms of a more willing country. If America is conscious of losing their dollar hegemony they're also conscious that remaining a world capital of crypto is more of a benefit than the alternative.

Article gone.

Another one here - https://steemit.com/palnet/@vcdragon/version-of-the-story-of-cryptopia-from-developer-him-self-how-it-start-and-end

The allegation is that a company named Intranel, who one of the original Cryptopia owners worked for, eased their way into running the exchange and they're the ones who did an inside job with the hack just as they were forced out.

Nothing to confirm who the writer is though.

A properly decentralised exchange will have no owner. It'll be software that lives in wallet or operates on chain. Until that happens none of these places should be billing themselves as decentralised. They may be non custodial but anywhere that relies on someone owning a domain name and hosting is an inherent weak point that can either be pressured or hacked.

This thread is revealing as to what can happen when your info leaks - https://bitcointalk.org/index.php?topic=5166119.msg51886832#msg51886832


I've come across plenty of third parties who looked no more or less impressive than the shittest ICOs. I was directed to one 'professional' service that did the verification through an app. On checking it on the play store it had been downloaded 100 times. That's not going to persuade me to trust them.

Do they supply an address to deposit to the moment you open an account before verification? If so considering they're KYC heavy now they shouldn't be doing that. Plenty of people won't pass it. And I've zero idea why OP would want to use them as a wallet. That's emphatically not what they're for and a potentially suicidal move even if this hadn't happened.

If I were OP I definitely wouldn't bother with LBC's own reddit sub. They'll erase anything that makes them look uncool. I'd get on r/bitcoin and r/cryptocurrency where there'll be plenty of people happy to tear them a new one.

This is a pretty weird story so perhaps it'll get some traction.

I thought Craigy's policy all along was that they don't want little people involved in the running of BSV.

Anything that makes it more centralised is a welcome development in their eyes. Presumably the end game is one datacentre with him masturbating furiously every time those 'gigamegs' get bigger.

Bit odd really. It's been far more active during far more boring and depressing times.

Anyway - https://twitter.com/fundstratQuant/status/1152321087360917504

I watched all the recent hearings about Libra. It's impossible to put into words how much the US government despises Facebook and detests the concept of Libra.

I would put the odds of Libra being permitted to exist in the form they're proposing at - 0%

It absolutely will not happen unless it's watered down into something even more pisspoor than Paypal.

This thread has always been utter junk. It has to be one of the crappiest in the entire forum, though there's no way I can be arsed to compare it to any other alt thread.

It's nothing but nearly a thousand pages of insults. Anyone thinking of putting money in would wonder whether there was an actual coin somewhere in the equation.

Is this post a piece of performance art?

Can I come to the gallery for the launch?

The nature of its launch is an immaculate conception can never be repeated. There was no such thing as miner. Anyone could do it with any machinery. It was open to all. The fact that no one knew about it is kind of unfortunate but it couldn't have been any other way.

Contrast that with the insta frenzy or loathsome scamminess of most coin launches.

The first means the longest lived. It's the most developed, the most thoroughly explored, the most battered, the most used, it's endured the most attempts to hijack it and they all failed.

All of that adds up to trust and too few people can be bothered to take that into account. It's the only thing that backs a coin's value and desirability. All of it's intangible code. What you're investing in is the giant web of trust and consensus created around it.

You can't buy trust. You can't create it. You can't fake it. The only way to gain it is by earning it. I can't see how anything else will ever be able to earn the same amount of trust.

It's pointless comparing it to companies or Facebook/Myspace. They're nothing other than disposable services that people will drop as soon as something better comes along. There's zero downside getting a better phone or hopping to another social network.

If millions of people are involved in something like BTC all of them are heavily incentivised to stay within it and work to improve it.

Do you think most people care in the slightest about development? For most it'll be three letters on their Binance account and a sinking number and that's it.

We need some signs of overall alt life to gauge what's what. I don't think we're going to get one for a length of time yet.

That all looks weirdly drawn out timing wise.

To me it feels like things will get more violent and fleeting, not less. The amount of coins for sale may reduce, not increase, as holders of significant amounts may decide to sit back and watch what happens as demand becomes ever more explosive. Then the buyers may desert them the moment they decide it's time to make hay.

It could get properly chaotic.

You win the avoidance of utter ruin attempting to time things.

I'm pretty darned sure that had I arrived in Bitcoinland convinced I was a hero trader like so many people seem to I'd be left with fuck all by now.

In the years to come people will truly marvel/puke at the sums thrown around in pursuit of what were then piffling gains.

Wouldn't you come out of a four month slumber just to post that?

Fuck it.

May as well pump.

Are you undergoing another 'difficult phase'?

Good luck with it. I'll look forward to a return to the bot-esque posts shortly after.

An interesting thing for anyone here who actually trades. Coinbase will tell you what big willies are doing - https://www.ft.com/content/59f5e8c2-a899-11e9-b6ee-3cdf3174eb89