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4281  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 07, 2019, 08:26:16 PM
What Facebook coin is planning it seems.....see the link...$10,000,000 'decentralized' to run a NODE ...it is claimed...sh*t

https://www.forbes.com/sites/billybambrough/2019/06/06/facebooks-radical-bitcoin-beating-cryptocurrency-plans-revealed/#40e3580a3564

It's looking more far out than I was expecting. I wonder whether they'll pull it off minus hiccups. My feeling is - no.
4282  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 07, 2019, 06:31:23 PM
Not really sure who my favourite celebrity female tbh, there’s too many.

If you start off between Ms Boyle's legs the only way from then on is surely upwards.

With a lot of hard work and the right connections by the end of the year you could slurping away here.


4283  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 07, 2019, 06:16:10 PM
Didn’t you PM me once & say you’d bury your face in Subo’s snatch?

You're the only person on here who hasn't PMd me expressing that desire.

It's a funny old world.
4284  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 07, 2019, 04:57:49 PM
If you have a lot of money and want to do something special out of boredom, you can buy yourself in on a spaceflight to the international space station.

Unless they have a fully sealed and padded tourist section that seems utterly nuts to me.

One dozy tart hustling her luggage to her room could destroy decades of experiments and plunge the entire station into fiery destruction.
4285  Economy / Trading Discussion / Re: Selling bitcoins UK on: June 07, 2019, 03:46:26 PM
Will i get in trouble because my legit coins was bought by a fraudster ?

Sorry if coming across about dim I am very anxious from what I read around !

Absolutely not. Your dealings are with them and no one else. Whatever happens after your transaction with them is their problem.

4286  Economy / Trading Discussion / Re: Selling bitcoins UK on: June 07, 2019, 01:25:35 PM
I'll check it out thanks for the advice !

Is there a common risk when using sites like localbitcoins. Com regarding unsafe transactions?

Like I said, discount Paypal 100% for P2P sites. Only do that through Coinbase.

As for Localbitcoins, only do the deal through Localbitcoins messaging. Scammers will try to initiate outside the site. Only deal with someone who's been there for years with an absolute mountain of feedback.

4287  Bitcoin / Bitcoin Discussion / Re: Breaking News! Third world nation bans BTC. 10 years in jail for holding crypto on: June 07, 2019, 01:21:18 PM
It's not confirmed yet because it's still undergoing a certian process but it will affect the market somehow. India has a huge number of users and it will be a big lost if they will ban cryptocurrency completely. Users will surely do a panic selling which may affect the prices as well.

Going on the calibre of people involved there's a high chance this is going to happen.

India does not have a huge number of users. Prices will not be affected.

The whole of India has 29 full Bitcoin nodes and Localbitcoins volume was less than $2 million last week. It's nowhere and it's staying nowhere.
4288  Economy / Trading Discussion / Re: Selling bitcoins UK on: June 07, 2019, 01:11:32 PM
I wouldn't bother with anything P2P myself when you have Coinbase now in the UK. They'll do faster payments or you'll be able to withdraw to Paypal. Sell through Coinbase Pro, not Coinbase.

If you don't want to get caught up with them then you could go to a very, very established trader on Localbitcoins but these days they'll probably want more KYC than Coinbase.

This gives you an idea of what you'd get from various sources - http://bittybot.co/uk/sell-bitcoin-uk/

I'd forget Paypal completely unless it's through Coinbase.
4289  Other / Politics & Society / Re: Socialism is so bad that it allows poor people to live. Horrible true story on: June 07, 2019, 12:50:42 PM
private healthcare can be effectively managed.

The places that appear to work best for the people are state systems with a private insurance element like France, Norway or Switzerland.

Nearly 18% of US GDP goes on health spending. That doesn't sound very private to me. That's a higher figure than the commiest of commies.
4290  Other / Politics & Society / Re: Socialism is so bad that it allows poor people to live. Horrible true story on: June 07, 2019, 12:32:35 PM
It was interesting to see the reaction in the UK when the US ambassador said they wanted to get their claws into the NHS as part of a trade deal.

Everyone from every end of the spectrum apart from a couple of certifiable psycho assholes went absolutely fucking ballistic at the idea.

All you have to do is look at American government spending per capita. It's the highest in the world by a very, very significant margin yet you can still die from neglect or wind up bankrupted by it. Ergo American opinions are less than worthless on this subject.

American citizens have been conned into paying vastly more tax than anywhere else and having to pay out of their own pocket too. How did the medical industry manage that trick? If nothing else America serves as a superb example to rest of the planet on how not to end up.
4291  Bitcoin / Press / Re: [2019-06-07] India Proposes 10-Yr Jail For Crypto Use, May Introduce own crypto on: June 07, 2019, 12:18:00 PM
What's also bad is that a lot of other countries will take it as a signal and will do the same, this is generally how it often works.

I don't think any other country looks to India on how to run an economy.

I don't know what goes on in the mind of the Indian authorities, but the mass wiping out of bank notes was an assault on millions of innocent people on the breadline. How any responsible and compassionate government could do that is beyond me.

I presume places like Facebook will simply bypass India and by extension the Indian government will impoverish its population even further. Just think about the potential remittances in future that may not reach them because of stuff like this.
4292  Bitcoin / Bitcoin Discussion / Re: Are Bitcoin ATM's reliable? on: June 07, 2019, 12:01:54 PM
That's kinda high not to mention whether the transaction fee is included on that 6-7% or not but seeing from the perspective of the business owner, they need to pay rent for place, electricity and maintenance I guess that does make sense. But with the majority of people still have no idea or not using bitcoin this ATM seems a bit impractical and costly for maintenance I guess, I hope it will find more of its users by the time being.

I've no doubt the expenses are pretty considerable but if I were running an ATM I do something to encourage repeat custom like lower rates for account holders or something. They must be throwing away an awful lot of business once people realise how expensive it is to go through them. I imagine in quite a few cases they're only used once or twice before customers wise up.
4293  Bitcoin / Bitcoin Discussion / Re: Are Bitcoin ATM's reliable? on: June 07, 2019, 11:43:43 AM
What I'm most curious about is the commissions. For example, how much commission does it receive for a 1 BTC trade?

More you'll be willing to pay in most cases.

It's not unusual when buying to be charged up to 10%, even more sometimes. The average is often 6-7%

This site - https://coinatmradar.com finds ATMs and often list the costs too.
4294  Economy / Service Discussion / Re: LocalBitcoins Cash-in-person trades removed? on: June 07, 2019, 11:29:14 AM
You've got to ask yourself why you should use LBC instead of a big exchange like Binance or Kraken...
I don't see any reason to choose LBC.

It's all country dependent.

Up until recently in the UK LBC was the best option because whatever exchanges there were in the UK couldn't bank there. You had to wire money to Estonia or Poland which took several days. LBC took minutes.

That's changed now with Coinbase getting local banking, or it would've if Coinbase hadn't put a five day hold on deposits now so LBC is still the quickest option.

There'll be plenty of other countries with no exchange at all or ones with books so thin you may as well stick with LBC.
4295  Bitcoin / Press / Re: [2019-06-07] India Proposes 10-Yr Jail For Crypto Use, May Introduce own crypto on: June 07, 2019, 11:07:42 AM
For now, it's just a proposal, but according to what the article says some very important state bodies stand behind this.

Indeed. Normally I'd dismiss it as typical crypto press horse shit but the types of people on that committee are those who make things happen.

India is also all too happy to come down as hard as possible on gold so there's a good chance crypto is already dead but doesn't know it yet in India. Ah well. Their loss.
4296  Bitcoin / Bitcoin Discussion / Re: Gold forum on: June 07, 2019, 10:22:13 AM
It's partly about the ability to easily hedge, trade and collateralize positions. If ounces of gold and barrels of oil were tokenized, they could be traded and collateralized just as easily as cryptocurrency is today instead of traders being limited to buying and selling exchange-issued futures contracts.

There may also be privacy benefits. Tokenization -- assuming the tokens are issued on a decentralized blockchain like Ethereum -- ensures the existence of secondary markets and the ability to avoid centralized exchanges and KYC. Regulations around stablecoins and cryptocurrencies (at least for now) are much more lax than those governing securities.

So, if you want to trade gold and do it away from prying eyes, this might be one avenue. It obviously doesn't solve the trust issue (it's essentially paper gold) but it brings other benefits.

Maybe I was being too literal minded.

A gold token, why not? A gold coin as an alternative to a dollar coin for trading, I wasn't getting it.

Since gold has long gone full paper then there's no particular reason not to. It may be less offensive than full paper gold but in no way will it tempt committed gold bugs and rightly so.
4297  Bitcoin / Bitcoin Discussion / Re: Are Bitcoin ATM's reliable? on: June 07, 2019, 09:59:52 AM
Obviously that one has a wee problem, but it is a valid question. I remember a fair few comments from people who used ATMs and got nothing out of them.

If I were ever to use one, and I wouldn't because they're almost always far, far too expensive, I would check that it had active and easily obtained support. They have the potential to be a black hole and you're turning up and trusting faceless strangers.
4298  Bitcoin / Bitcoin Discussion / Re: Gold forum on: June 07, 2019, 09:34:57 AM
I'm a metal rather than a crypto person, but I share the disgust for some gold bugs forums.
Talking about gold-backed stablecoins, you would think to find some interest among them.
The climax of their argumentative level reduce itself to the classic If you don't touch it you don't own it.
They keep repeating it like zombies

I don't really see the point of a gold backed stablecoin.

The main problem with a backed anything is the centralised holding of the asset backing it. Since you're going to have to make your peace with that regardless of the asset you may as well stick with the dollar. If the point of a stablecoin is stability I'd rather erase the modest amount of volatility that something gold backed would produce.

I see no reason to pointlessly lose or gain a few per cent here and there. It would be an annoyance more than anything.
4299  Economy / Speculation / Re: Calling top at $16500 (Even Newer!: $2483 bottom 19 Feb 2021 MtGox said so!) on: June 07, 2019, 09:18:06 AM
Those Bitcoins have no impact on Bitcoin. They have impact only on price. If he sells them price will crash and soon after it will recover.  Satoshi is irrelevant.

Most people are only here because of price. If that stash was used to meddle with the price, and you could do it for years with that amount, then that has a direct impact on adoption and usage.
4300  Bitcoin / Press / [2019-06-07] India Proposes 10-Yr Jail For Crypto Use, May Introduce own crypto on: June 07, 2019, 09:14:15 AM
https://www.bloombergquint.com/bq-blue-exclusive/exclusive-india-proposes-10-year-jail-for-cryptocurrency-use-may-introduce-its-own-digital-currency

non paywalled here

https://pastebin.com/GVJUHFbb

Normally you'd dismiss this proposal out of hand a la Russia, but this is India, a country that was willing to buttfuck its very own poor until their entire digestive system collapsed in the name of driving them out of cash.

What do you reckon the odds are?
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