I won't run out....  I already have too much fiat...
really gonna be problems of the 1%...   I'm starting to have fiat problems myself. Those of you that regularly cash out, where do you store your fiat? Anyone into offshore IBC's and banking? If so which banks(s) and countries have you chosen?
Edit:
Further to the above; which exchange is your favourite for wire transfers offshore? especially when an intermediary is required
Bitstamp is the obvious choice for a high volume exchange that is not in the US. I have always found it rock solid. After that the water gets murky real fast. Get in, do what you have to do, and get out.
I agree..tho the Kraken has rejuvenated itself nicely. I would look into a shelf company, perhaps out of Belize. http://www.worldoffshorebanks.com/10-things-you-need-to-know-about-a-belize-offshore-company.phphttps://www.apintertrust.com/offshore_company/belize_ibc.htm |
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...
Perhaps 2018 is bitcoin's 1994.
...By 1998 things had changed alot. Win 95/98 IE/Netscape made it much more useful and simple to use the internet and sites began to proliferate. I had dropped out to take a 35k job at a search engine optimization company (which seemed like alot at the time) that quickly went out of biz, but my connections from that job led to other connections that have kept me working for the 20 years since. tldr; if it's 1994, buckle up, things will be unrecognizable in 4 years. What would be our Netscape moment? Or AOL temporary dominance? Is Lightning a.k.a Netscape (without the IPO) and is Coinbase/Binance/Bitfinex, perhaps, the AOL equivalent? Or, would it be something else out of left field? If I would guess, this. There is this accelerated curve(parabolic) of technology and innovation that has occured over the last 50 years. This snowball effect will continue until the Singularity. I can remember clearly the first time I shilled the internet. It was at my friends printing shop..you know..the kind with a actual 3 color offset press...not a photocopier...anyway. I was helping him set up a basic db for hes revolving accounts on DOS 3.something and telling him the benefits he would receive if he would just upgrade from a 14.4k to a 28.8k modem.  |
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This confirms quantum entanglement. I was just writing up something in the WO thread that echos your thoughts. "I got into Bitcoin because I was a computer geek who loved the concepts of open-source software, peer-to-peer networking and cryptography."
"I had sufficient confidence in the importance of this new technology to not only hold on to all of my coins when the price dropped to $50, but to keep buying more."
"It was never about trying to get rich. It was about doing something good."
"All we can do is play the cards we're dealt as best we can."
I really have a man crush on your ideology Jimmie. Refreshing to know I am not alone. Something else to ponder...This Wall we observe...this is a historical document..one wonders what will be thought about it in the future. Some of the replies and responses left here will potentially guide future generations. Think about these things as you glibly type down what ever stray thought comes to mind. We are the forerunners of a paradigm shift in not only the world of financial markets but in the basic fundamental structure of society.tl;dr Raise the bar. |
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"I got into Bitcoin because I was a computer geek who loved the concepts of open-source software, peer-to-peer networking and cryptography."
"I had sufficient confidence in the importance of this new technology to not only hold on to all of my coins when the price dropped to $50, but to keep buying more."
"It was never about trying to get rich. It was about doing something good."
"All we can do is play the cards we're dealt as best we can."
I really have a man crush on your ideology Jimmie. Refreshing to know I am not alone. Something else to ponder...This Wall we observe...this is a historical document..one wonders what will be thought about it in the future. Some of the replies and responses left here will potentially guide future generations. Think about these things as you glibly type down what ever stray thought comes to mind. We are the forerunners of a paradigm shift in not only the world of financial markets but in the basic fundamental structure of society. tl;dr Raise the bar. |
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Well..looks like everyone has been eating their Wheaties this morning....good...must be time for some game theory. Btfd's. http://trust.fehradvice.com/ |
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Simple numbers dude. Look them up, prove him wrong, or don't.
I dont feel any need to prove or disprove anything to you....dude. I gave you my honest opinion and said the guy has a couple of good points but I cant help but wonder how much he was charging for that seminar. If yours is a thinly veiled inference to the US having a piss poor immigration policy and "yee haw, 'merica is great again" we ought to build the walls higher...sorry...im not biting. |
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Whilst I do think he is a good orator and there are some valid points to hes opinion...hes a reporter..not a academic. I can tell you after watching him work that crowd..I cant help but wonder at hes agenda. |
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I realized something. Bitcoin is free from state control, right? The price is determined organically according to supply and demand, yes? And what happens after a sudden and rapid rise in price? After the boom comes the bust. Down to less than half of the previous high, and only now slowly climbing back up.
Many organic cycles in nature mirrors this, most obviously animal populations. And when you look at the human population over the past handful of hundreds of years, what do you see? Exponential rise, a rocket taking off. But the food supply is limited, and we will eventually hit a hard cap. We will top off at 9-11 billion people. And once we reach the top, what will happen? We will have some percentage drop.
I thought until recently that millions of people, perhaps hundreds of million, were going to die. But no. Billions of people are going to die. And there is a possibility that it will happen within our lifetimes.
I'm going to fucking bed. Hopefully I will have some less horrible nightmares than this.
We technically have enough food for the entire planet, it just doesn't get to certain places. And in my opinion it shouldn't (for free). If we see hundreds of millions of people dying in our lifetime it will most likely be in places like Africa, since they're still playing tribal games in their most primitive form instead of focusing on progress. Don't really see billions vanishing though. |
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EIP 867 is doing its best to destroy ETH right now (protocol for making state changes such as recovery of the Parity funds).
I have this eerie feeling that such measures will not lead to the fall of the likes of XRP and ETH. People don't seem to care, or be too ignorant to understand the implications. I think you are correct sad as I am to admit that. Certain personality types have to have that authoritarian fallback. It shows time and again in society, from politics to relationships to blockchains. Why should parts of the newly discovered Cryptoverse© be any different. People need to wake up to the fact that ETH is a shitstorm that will come unraveled at some point....again. https://github.com/ethereum/EIPs/issues/866 |
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I've been deleting a lot of posts today. The big rallies always seem to bring the trolls out in full force.
+100 WOsMerits /thread |
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There was another of these threads awhile back and I did a little back of the napkin calculation on it and surprisingly it is in the realm of possibility. McAfee's scenario calls for complete capitulation of the legacy market's within a year's time, where as I feel it will take several years for that archaic beast to realize the wound's are mortal. While I have been called out on some of my figures(broad money could be 20x more than the number I used) I still think they are relevant. The format is crude for sure but there is a certain elegance to its form I think. https://bitcointalk.org/index.php?topic=2512283.msg27505802#msg27505802From the same doodles we can see the halvening rate as well. Genesis 2009 Estimation of block halving date's and what the reward's will be. 50 - 2009 - 2012 25 - 2012 - 2016 12.5 - 2016 - 2020 6.25 - 2020 - 2024 3.125 - 2024 - 2028 1.5625 - 2028 - 2032 0.78125 - 2032 - 2036 0.1953125 - 2036 - 2040 0.09765625 - 2040 - 2044 0.048828125 - 2044 - 2048 0.0244140625 - 2048 - 2052 0.01220703125 - 2052 - 2056 0.006103515625 - 2056 - 2060 0.0030517578125 - 2060 - 2064 0.00152587890625 - 2064 - 2066 0.000762939453125 - 2066 - 2070 0.0003814697265625 - 2070 - 2074 1.9073486328125e-4 - 2074 - 2078 9.5367431640625e-5 - 2078 - 2082 4.76837158203125e-5- 2082 - 2084 ect. until roughly 2140 |
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choo choo  +1 WOsMerit for compelling CCMF |
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 $10,162.51<=moon Is that specific enough? If we breach id have to say 13kish will be the next stop, keep those stops tight. |
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*smack* *smack*
Keep it together ffs. We are Gentlemen, no matter the sock we wear.
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Thank you all for the thoughtful replies. I had not expected so many to respond to my musings of that afternoon. I wish I had the merits to give you all but did my best to sprinkle some over the last page.
After reading thru your replies and reflecting for awhile upon this strange and disturbing notion. I can say it had the desired effect...solidifying my thought process and validating my need to have a more detailed plan. What I hope also happened, is that some of you were also able to formulate a strategy that is suitable to your and your aspirations.
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I'm completely and totally.......Wat?
*edited for effect* |
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-snip-
My cat's rocket pack! Hand that back over right now. +1 WOsMerit |
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You missed a line.
You are correct.  |
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