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3961  Economy / Economics / Re: Can not believe 5 years ago you could of bought one whole bitcoin for this much! on: July 09, 2019, 11:01:42 AM
The thing is that if BTC dropped to $650 these days, those who dream of this price right now would hardly start buying it. The logic of most people is as following.

EVERYONE is a trading hero with the benefit of hindsight. I'll guarantee you 99% of people here would be crying and puking, not buying with both hands. After all this time I'm still amazed at how rapidly sentiment turns on a dime. You'd think people would learn but they never do.
3962  Bitcoin / Press / Re: [2019-07-06]Iranian Official Says US Congress is Working to Block Iran’s Crypto on: July 07, 2019, 09:46:58 PM
I wonder how are they going to enforce it?
block mining from Iran sounds as fantastic as making Iran comply with the imposed sanctions
what the US could do - block Iranian IP access to the controlled mining pools?

This is what I was wondering too. Perhaps they want to block mining machine sales but I don't see how that can be done. I presume any self respecting pool has something in place regarding state fiddling with IPs and so on, if not Iran themselves will cobble something together.

But this is academic as I don't think the Iranian state will ever endorse real cryptocurrencies. Perhaps they'll try to put together another Petro style kludge.
3963  Economy / Economics / Re: Reminder: Goldbugs are a joke on: July 07, 2019, 06:49:53 PM
Well not all of them are invested into physical Gold... a lot of them only have a piece of paper that promises them that they own that percentage of Gold somewhere in a vault.  Roll Eyes  <That is actually the biggest flaw in most of their arguments, because they say Bitcoin is not a physical thing, but they invest in digital numbers on a Ledger that might or might not exist somewhere in a vault.>  Roll Eyes

They trust centralized entities with their wealth and they trust that the digital entry next to their name would guarantee them ownership of that so-called asset/commodity.  Roll Eyes  Most of them have never even saw the physical Gold in those vaults... they just trust that it is there.  Grin Grin

If you spend all day tapping away about how corrupt everything is and have nothing but an IOU to cuddle at night then you're no better than anyone else.

Can't be arsed to check a gold forum but I presume such people are tracked down and forced to post leg spreading photos for being maggots.
3964  Bitcoin / Bitcoin Discussion / Re: Faketoshi aka Craig Wright seems goes straight to jail :D on: July 07, 2019, 01:59:22 PM
As much as I enjoy watching Faketoshi ignore the first rule of holes, I have to point out that court testimony is absolutely privileged against defamation. You can't sue witnesses for accusing other people of crimes, even if those accusations are blatantly false.

Fair enough. I know nothing of proper legalities.

The other person he dragged through the mud is not too impressed - https://twitter.com/marttimalmi/status/1147456264953352192

Presumably he's going to find a way to get some sort of retribution.
3965  Economy / Exchanges / Re: Coinmama versus Coinbase on: July 07, 2019, 10:59:37 AM
This is why I wouldn't use Coinmama - https://www.reddit.com/r/Bitcoin/comments/bdr9nw/coinmama_is_a_nosey_bitch_tracking_your_coin/?sort=confidence

Read the top comment. They gave someone the boot after tracking down transactions to gambling sites several wallets down the line. There's no evidence they even controlled the coins any more.

Coinbase will do the same but I've never heard of tracking that dedicated, only on direct transfers to places that break their terms.
3966  Economy / Trading Discussion / Re: Free Exchanges Fees? is this Possible. on: July 07, 2019, 09:50:07 AM
There have been zero fee exchanges in the past. They made it up by charging high withdrawal fees, probably front running the trades of their customers and it turns out some were using customer funds in ludicrous non crypto 'investment' schemes without permission.

I would prefer to be charged fees and not be raped or exploited.
3967  Economy / Scam Accusations / Re: SCAM: Bitcoin SV (BSV) - fake team member and plagiarized white paper on: July 07, 2019, 09:13:57 AM
not anymore available.

If I remember rightly it's geoblocked for 'legal reasons' so try a VPN from another country. I got the same and I'm in the UK. Craigy runs this goddamn country now doncha know. He IS power.
3968  Economy / Speculation / Re: NEW BAKKT game on: July 06, 2019, 05:08:36 PM
Two weeks to go. Then we will finally see what was all that hype, that was going on for most of 2018, all about. BAKKT here BAKKT there BAKKT everywhere.

It's not launching on July 22nd. They're initiating 'user acceptance testing' whatever that means. My guess is that they'll be long beaten to market by others. I don't really understand the nuances but it looks like they are seeking NYDFS approval first to persuade CTFC to approve them. I don't really get how LedgerX got it already if they can't.
3969  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 06, 2019, 04:59:32 PM
How does that work ? To you digitally re-insert it, and snap into place as needed, or do you simply keep it in the glass as a memento ?

More sentimentality but you never know what technology will bring.

I'll dry it out in the sun and remember the days when I was not incontinent and even got the occasional erection.

I may even wedge it between my thighs every Christmas eve.
3970  Economy / Economics / Re: Reminder: Goldbugs are a joke on: July 06, 2019, 04:57:21 PM
I have been banned from several of these forums and most excuses was posting "spam" ….so anything related to Bitcoin on a Gold forum is classified as Spam.  Grin 

Are gold fanatics any more welcome here? I can see why they'd give a Bitcoin fan the boot. They're there to discuss their shininess. I don't have negative feelings about metals but I've no desire to own any beyond having a lump as a paperweight, and I may as well buy some of the fool's variety and save a load of money.
3971  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 06, 2019, 04:51:24 PM
I’m 33, been with my girl for 11 years. We’re not married but I can’t see myself with anybody else. If for some awful reason something happened I’d probably go for a little older.

I like somebody who can look after me, obviously they’d have to be hot though. I like fake tits, botox, lip fillers & stuff like that.

At the age of 43 or 44 or whatever I am I don't think I could face someone under 30 and that's pushing it, more like 35. I'd have an irresistible urge to pat them on the head and offer them grandfatherly advice.

Nothing to do with maturity or not, much more to do with different stages of life which can't be manouevred around. Can't really see the point in investing time in someone when what seems barely noticeable now becomes a full on burden when I'm keeping my prostate in a glass by the bed. I'd rather rot at a similar pace to my piece of meat.
3972  Economy / Scam Accusations / Re: SCAM: Bitcoin SV (BSV) - fake team member and plagiarized white paper on: July 06, 2019, 03:47:21 PM
As far as the legal ramifications of his testimony is concerned, well I'm no lawyer but I don't think he would have said what he did if he didn't think he could get away with it.

I think all this is proving that his understanding of legal processes is largely non existent.

If you accuse a person of drug dealing and child pornography you're slightly better off doing it when they're already in prison and convicted of it. If they're not then that's a teensy weensy problem.
3973  Bitcoin / Bitcoin Discussion / Re: BTC Dominance on CoinMarketCap on: July 06, 2019, 03:38:52 PM
https://coinmarketcap.com/charts/#dominance-percentage

Check March 10th 2017.

This is what happened that day.

https://www.nytimes.com/2017/03/10/business/dealbook/winkelvoss-brothers-bid-to-create-a-bitcoin-etf-is-rejected.html

I always find it interesting how rarely mentioned the Winklevoss ETF refusal is in terms of setting off THE alt run. If it had passed they would've taken the shit of the century. The moment it didn't they exploded and have never really come back down.

It was a giant relief rally that they weren't going to be left behind in the legitimacy stakes.

This is still relevant as this time around Bitcoin is going to be legitimised in numerous ways that no alt ever will be, albeit in a subtler but more pervasive manner. Hardly anyone is building financial instruments for anything other than BTC. The 'alt season' meme may never be as potent again.
3974  Economy / Scam Accusations / Re: SCAM: Bitcoin SV (BSV) - fake team member and plagiarized white paper on: July 06, 2019, 03:20:38 PM
3. Theymos gets a shout out on page 15 (not sure he wants to say anything about that here, but it would be great if he did).

Quote
Between August and December of 2010, I pleaded, I said it was a bad idea with Martti and with M*** [(redacted)], and I finally left publicly as Satoshi in 2010 because they launched Silk Road.  On top of that, they launched Hydro.

OK -- a couple problems here. Silk Road wasn't launched until 2011, and Hydra wasn't launched until 2014. You guys... definitely should read pages 15-16.

Theymos is again mentioned on page 141. Again, it would be great to know if Wright's statements had truth behind them or not:

I am particularly fascinated by this. As far as I know he's never mentioned Theymos before, ever. Why would he begin by slandering him in a court of law? It's bizarre. He could've blamed plenty of people who are anonymous or already put away.
3975  Bitcoin / Bitcoin Discussion / Re: Faketoshi aka Craig Wright seems goes straight to jail :D on: July 06, 2019, 12:14:10 PM
He is pretty much going against all the 'old crypto establishment', so no wondered that he s getting into the biggest social media  crypto shitstorm ever.

The weirdest thing about this particular section is the naming of names. Why would he bother? No one else has ever made these accusations and there's certainly no proof of anything. All he's done is open himself up to a justified legal pounding.

If my name had been dragged into his fantasies I would certainly go after him with a vengeance.
3976  Bitcoin / Bitcoin Discussion / Re: Faketoshi aka Craig Wright seems goes straight to jail :D on: July 06, 2019, 11:18:53 AM
https://blog.wizsec.jp/2019/07/kleiman-v-craig-wright-part-3.html?m=1

A summary here. What's bizarre is that he's accusing our very own Theymos of participating in setting up Silk Road, plus this 'Hydra'.

If I were Theymos I'd certainly take some pleasure in suing his loathsome, flabby arse into oblivion.
3977  Bitcoin / Bitcoin Discussion / Re: BITCOIN IS IN A BUBBLE !!! The true value of Bitcoin is somewhere near ZERO on: July 06, 2019, 11:08:50 AM
Ah, I was wondering when our daily 'I have just arrived here and I SEE things you cannot' post would arrive.

It's more dependable than the trains but at least trains take you somewhere interesting.
3978  Economy / Economics / Re: Reminder: Goldbugs are a joke on: July 06, 2019, 10:04:33 AM
I don't really get how metal fans don't emphasize the countless ways in which their pet's price is rigged. You'd think they'd want to highlight that as an example of what they're up against.

Crypto fans are pretty smug about this not being the case for them but I have no doubt at all They will attempt the same thing. I only hope crypto's unique qualities are enough to resist it.
3979  Economy / Economics / Re: Can not believe 5 years ago you could of bought one whole bitcoin for this much! on: July 05, 2019, 09:36:06 PM
When I joined the crypto community, the price of 1 bitcoin was around $250 only. I can still see the past transaction of my old wallets. I remember spending most of my coins for buying amazon gift cards and other stuffs online. The transaction made to buy that $10 gift is now around $600 USD. I know its funny but I don't regret spending my bitcoins  Wink.

I have several things I'm ashamed of buying but at least it makes for a good story in the future. There will reach a price level where I don't regret spending the BTC I hold at all, I'm not sure what that level is but we're definitely not there yet.
3980  Economy / Economics / Re: Will USA Limit Crypto Derivatives on: July 05, 2019, 07:19:01 PM
Of course they will. Anywhere that has an accredited investor system is pretty much guaranteed to do it. Keeping stuff like that in the family is why that system was created in the first place. There's no way they'd let the little people let rip.

Once this is made explicit that's when proper American options will be launched for the 'right' people.
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