Wasn't there some shitfork where Coinbase categorically stated it would never be accessed and for their punters to cast it out of their minds, and it subsequently did move?

Anyway it's stupid of anyone depositing there to assume that Coinbase will be willing to grind through all the junk that derives from your original deposit. If you feel that strongly about it no one was stopping you from moving it to somewhere under your control.

Take some goddamn responsibility for yourself. That was the original idea.

If you're broke, and I have been many a time, cash gives you a hard and tangible limit to your spending. Once it's left your possession that's it. In my experience cards absolutely do encourage more frivolous spending. It's not about credit or debt, it's about running out of what you have faster and maybe being left stuck.

Everyone's different of course but if I was back on my arse and had to eke my money out over a week or two the card would be chucked in a draw and never looked at again.

Look what India was willing to do to their population by cancelling those high denomination bank notes. Millions were fucked by that. I wouldn't be surprised if they were willing to go further and harder next time.

Anyway this article is about the personal choice of going cash free. I can think of plenty of places near me that won't take cards. I'd feel very 'cutting edge' being told to sod off and find a cash machine, and there probably won't be one nearby any more.

I expect China will be the first place to make it mandatory. Less evil countries may like to but it's going to take another generation or two in most places.

It's not payment. There are tons of places doing that or have done that in the past. It's their cash reserves they're putting into BTC.

And what possible reason would anyone have to use USDT outside of crypto trading? It has all of the dollar's problems and plenty of its own too.

I somehow doubt after all the grind of making people jump through a million hoops to get a Bitcoin ETF going the SEC will kick back, relax and think 'fuck it, PONZI TIME.'

The reason we're still droning on about this is they know perfectly well how much human garbage exists in the crypto space. Whoever pulls it off will have to be whiter than white. There won't be many places permitted to run one should the day when approval arrives ever comes.

This stuff is only just beginning to warm up. Lord knows how creative nefarious types will be in future and people who sprayed their crypto presence across the internet when it was a quirky perversion rather than a juggernaut may live to regret it.

I would support sub forums for people to talk to themselves, with maybe some AI to make them think they're actively being talked to. That would save the rest of us the priceless seconds in our one wild and precious life that we will never get back being exposed to their dribbling.

Is there much call for this?

I was under the impression that even the world's hottest super computer is pathetically outgunned by any dedicated mining machine. I presume hijacking even a handful of fancy GPUs doing AI type stuff would give you more grunt and more options.

The really important stage is education.

People seem to be assuming that because millions have heard the word 'Bitcoin' they know and understand what it is. There's a yawning chasm between hearing and understanding and that can take several years between those moments. You could spend your whole life seeing Bitcoin everywhere. It won't mean anything until you look a little deeper.  Nothing much will happen without people being educated and educating themselves.

d_eddie has just made the transition into the halls of Valhalla where nubiles and roasted boar await him - https://bitcointalk.org/index.php?action=profile;u=1027694

His merit was waiting to catch up with his activity and he got over the line with gusto.

I thought it would be interesting to have a thread collating info regarding the heavyweight players entering Bitcoinland as I expect it to be a trend that's going to ramp up rapidly and these things often get lost in the noise.

Here's one to get the ball rolling - https://www.forbes.com/sites/michaeldelcastillo/2020/08/26/fidelity-president-files-for-new-bitcoin-fund

Fidelity have just filed for a new fund dedicated to Bitcoin. Few details as of yet but the train is clearly considering leaving the station.

What have you spotted out there?

https://www.forbes.com/sites/michaeldelcastillo/2020/08/26/fidelity-president-files-for-new-bitcoin-fund

We're going to see more and more of this in the coming years too. It's easy to forget how little involvement professional money still has in this space. It's a genuinely piddly amount despite the noise we give it. In another five years I expect most places to have some options for BTC.

Here's some fresh kindling -

https://www.sec.gov/news/press-release/2020-191

The SEC are loosening the terms for being an accredited investor. It's not all net worth based now.

'The amendments allow investors to qualify as accredited investors based on defined measures of professional knowledge, experience or certifications in addition to the existing tests for income or net worth.  The amendments also expand the list of entities that may qualify as accredited investors, including by allowing any entity that meets an investments test to qualify.'

That may open up further investment into crypto fun. Not sure what sort.

If you keep it in intact you can do consultancy, speaking fees, write books, monetise vids, sell posing pouches with your face on it, and do it for a long time to come.

Of course there are plenty of shameless hookers doing the same too but almost all of them slide into irrelevancy and madness eventually. Stepping off the most powerful train out there when you were very early to get on it and worked your way towards the front seems like a mindless move to me.

If a maximalist came across a project they actually believed in, beyond enriching themselves that is, they might regret having backed themselves into a corner by pandering to what Bitcoin obsessives want to hear. You're much better off retaining a light touch.

Andreas Antonopoulos has found the right balance. He doesn't dismiss non Bitcoin. He does call out the undeniable shit. He'll still be harvesting what he's grown many years after the sell outs have gone down in flames.

I guess strategy depends on the coin and your own goals.

I have plenty of shitcoins that I held on to all the way down thinking they couldn't go that far into the toilet, but they did. If they approach a decent price again they'll be disposed of without a second thought. For stuff like that I want a profit that's extracted for good.

Timing buys and sells for something I have long term belief in in the attempt to get more of it is a different matter. I wouldn't do it as the chances of winding up with less than I started with are very high.

I will categorically state that if I had not sat there and done absolutely nothing I would have far fewer coins than I have now. Every time I thought 'hmm, maybe I should make some moves here' they would've turned out to be a heap of shit.

The one thing I wish I had done differently is DCA'd but after that I still would've held only.

People seem to arrive here believing trading or timing the market is the default option and they're guaranteed to 'win'. It should be the polar opposite.

These people have built their rep by being beacons of Bitcoinness and relative rationality in a sea of squealing Carlos Matoses. It's just business but their business previously has been primarily about upholding that position.

If it were me I would regard that rep as more valuable than a rapid profit, even if it's fully legit. No one's going to die and I personally couldn't give a shit but many others will and memories are long, especially for those who reverse long-held behaviour.

I expect them to be whiny, frightened bitches just like every other newcomer. They'll either run at the first sign of a crash, or they'll sit there and do nothing and eventually go mad and sell at the bottom.

It should be no more than play money for anyone new to this, but they'll likely go overboard and pay the price eventually.

I said I was past caring. I also said I believe they are what they claim to be - backed by tangible cashola.

If I thought it was one crypto bro magicking up a few hundred million on his laptop every week I'd articulate that.