I try to not invest in anything that requires government intervention. This includes stocks, real estate, anything bank related...
well, actually it only leaves crypto.
I would love to own real estate but I have to trust that the government that sanctions such property will not need to extract value from that property when their bills start to add up. Same with anything of value that the government could possibly manipulate. That's why I pulled out everything from my Roth IRA. The idea being that I can invest now and the government won't take taxes on it when I retire...ya, I'll believe that one when the US federal government is $21 trillion in debt.
You could invest in all those things if you counter balance it a bit with a gold holding. Also avoid leverage is usually best as thats how banks often profit the most, from the people in the most difficult situations. In 2008 one of the largest banks who received a bailout setup a special division to hunt down business that was relying on them, foreclose and seize the assets for a quick turnover. They needed the cash quick to appear solvent and taking it from those who cant argue because they took a loan is the easiest way. Bank overdraft almost always contains the warning we can withdraw and demand repayment immediately and quite a few businesses use those I think. Otherwise I dont think they can remove your property rights so easily. You are part of a larger group there. The guy who called the MBS melt down now owns some bank stocks apparently M.Burry Price has a stair case higher, looks quite steady progress overall. 9600 area would be over 61% recovery of the double peak decline for this year I would invest in gold if I weren't so mobile globally. As for real estate...ya, that might be the last thing they take or it will be the first thing they take if it's convenient for them.  If I don't have enough fellow patriots to come help me with a standoff I'm screwed for that investment.  |
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I try to not invest in anything that requires government intervention. This includes stocks, real estate, anything bank related...
well, actually it only leaves crypto.
I would love to own real estate but I have to trust that the government that sanctions such property will not need to extract value from that property when their bills start to add up. Same with anything of value that the government could possibly manipulate. That's why I pulled out everything from my Roth IRA. The idea being that I can invest now and the government won't take taxes on it when I retire...ya, I'll believe that one when the US federal government is $21 trillion in debt.
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Amazing idea.
Maybe there can be just a Smart Contract that yields out crypto currency only when 2 keys match. 1 of them can be scratch code from the card, and one seller ID. The 2 keys basically unlock the wallet of the seller, where crypto associated to the seller is quarantined (the total amount of money he bought in total from the exchange, that is) and he can send any amount to the buyer he wishes (as per the current exchange rate or even giving up his own commission shall he wish).
So, even if the cards are stolen, they have no value till seller code is applied to unlock the wallet (working as a 2FA in this case). And seller sells his own inventory from the exchange and nothing else.... so they would be careful in transactions and cant touch the exchange money.
I can help you setup this smart contract.
2 factor is certainly a good idea |
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That's a good idea. Seems the problem with it is to lost the card and or stolen. They can easily scratch it out to get the code. But to add maybe should also get a confirmation from the seller and notify in applications to verified.
It is now easy to them to buy bitcoin or ethereum using scratch card.
Yes, the seller would have to have an app to tell the website that a card was sold. Otherwise the website will not release the coins. So someone could steal all of the cards and they would get nothing. This is how the phone cards work in some countries. I suppose there can be some sort of re-issuance of cards to the seller if they are stolen (at the seller's expense). The numbers on the original cards will be frozen and new numbers created. I suppose the seller could be an asshole and just sell the cards without informing the website. But this does not benefit the seller in any way and only pisses off the buyer. And complaints about that seller could have him banned or somesuch. It just wouldn't make business sense. |
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So I'm sitting here in Thailand at a bar and about every 30 minutes someone with a small set of merchandise walks by my table and offers to sell me something (fake watches, makeup, cialis, etc.).
It got me thinking of how that could be done with bitcoin.
My thought is to have a website where you print out bitcoin cards similar to how some countries do prepaid minutes on phone cards. The card would be valued at $10, $20, $100, etc. There is a scratch off portion with a number underneath. When the person sells the card they scan a code on the card to show that it has been sold. The buyer then scratches off the number and goes to the website provided. The website can then see that the number was sold and when the person claims the number it converts the amount purchased into bitcoins stored on the person's wallet on the website. Then the person can just withdraw the bitcoins to whatever wallet they want.
The exchange rate would be marked up about 10% to make profit. The rate could be set this way because this would be more for novelty and convenience than any real investing. Just so someone can say "I have $10 worth of bitcoins!". The person going out and doing the selling can get 5-8%, the website gets the other portion, or even 0% if they just make their money on advertising or withdrawal fees or just price gain of bitcoin over time.
I figured instead of going through the process of becoming a bitcoin exchange and registering and all of that, the website can just require that the purchaser pay in bitcoins for the amount of money on the cards. The website never sees fiat, they are only releasing a fiat denominated amount of bitcoins to people. That way they never have to have a bank account and can duplicate this for all currencies all over the world. The seller will need to convert from their local currency to bitcoins, but they will be able to do it at a lower rate either through an exchange or localbitcoins. The website can even assist people with that process by providing them a localbitcoins partner who will take bank transfers and send the bitcoins to the website.
The risk is that the bitcoin price drops over a long enough period that the website cannot cover the fiat value over time. But there is little risk that in the long term bitcoin value will go down as compared to the value of fiat.
It might even be possible to do this with a Rootstock smart contract so there is no central company to be targeted by regulators that are under the thumb of banks.
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Will bcash cure my asthma?
no The only thing bcash cured was stopping an endless supply of Bitcoin Unlimited, Bitcoin Classic, etc. |
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Even though the idea seems appealing, I don't think that there are very many viable lawsuits that could be filed, unless you could get bcash classified as a security with the SEC, then perhaps some of those SEC related obligations could apply. Otherwise, what would be the grounds of such lawsuit against bitcoin.com.. portraying itself as coke when it is really pepsi? I might get more excited once I see some legal document that is filed, and see what is being alleged. or otherwise, if someone knows about a decently solid set of allegations that might have some teeth for either damages or injunctive relief, I would be interested to hear those... otherwise such lawsuit, if it were filed, would likely go no where, right? The lawsuit can only be successful if it's proven that someone lost money due to his deception. How many people have actually been fooled? Out of those, how many of them lost money? If there were any people dumb enough to have been fooled into bcash, and lost money on it, they're probably not even going to hear about this lawsuit. Even if the lawyers manage to sign up people who were stupid enough to buy bcash, and realize losses, it's not over yet. Roger's [highly paid] attorneys would stand a very good chance of being able to convince some ignorant judge that Bitcoin Judas is entitled to use the Bitcoin name for his fork. TLDR: The lawsuit is going nowhere. Part of my earlier point was that people being fooled is not enough for a valid cause of action..... even for basic common law fraud type allegations - there is a principle of buyer beware in common law... (aka caveat emptor). Further bitcoin is not trademarked nor copyrighted nor patented, so using the name and saying that you are the real bitcoin is likely not enough, either... There would have to be a showing of intentional and malicious knowing deception - and that might not even be enough without using securities law - and Bcash would have to be deemed a security (which does not create a private cause of action, anyhow, as far as I know (meaning that the SEC is the only agency empowered to bring such a claim)). Roger lives in Japan, they need to follow Japanese laws with a good lawyer, the more you pay the better they get. Making a statement and getting more media exposure to people about Bcash scam.  If n00bs going to bitcoin.com are buying an alt coin that is being presented as bitcoin and then they try to go spend their "bitcoins" they will find that they actually have some other coin that doesn't do what bitcoins actually do. This is where they are being scammed. |
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Copied from a Telegram Group:
Correction: Mt. Gox Trustee Wallet has sent out 16k BTC.
Please take the following into consideration:
"Following consultation with cryptocurrency experts, I sold BTC and BCC, not by an ordinary sale through the BTC/BCC exchange, but in a manner that would avoid affecting the market price, while ensuring the security of the transaction to the [greatest] extent possible,"
Direct quote from Mt. Gox Trustee Kobayashi, that proves his sells will NOT affect the price of Bitcoin.
We also have no idea if they're being sold or not. The trustee for MtGox needs to sell only a few thousand coins to cover 100% all claims + a potential additional $75 million might be 'ringfenced' to cover the bogus lawsuit by Vessenes. Once he has those funds he quite literally doesn't need to (or would) liquidate anything else because he has covered all of the MtGox liabilities and potential liabilities at the time of bankruptcy which was some time in 2014. Edit : You can see what's moved (16000 BTC + 16000 Bitcoin Cash) here : https://www.cryptoground.com/mtgox-cold-wallet-monitor/Their idea of "a manner that would avoid affecting the market price" was likely selling OTC to large buyers. But those large buyers would have gone through the market anyway so they didn't avoid shit. They were just pleased with themselves that they didn't go on Bitstamp and place a huge sell order driving the price down on that exchange all at once. Instead, they prevented money coming in to even out the money going out. You can also see the obvious whale buys over the past week that pushed the price up over and over again. I am thinking that was probably someone involved in Gox with knowledge of it all pumping the price for good returns. |
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I predict at least 50K Before end of this year and 20K in less than 2 months from now.
Of course you do. I wonder what the hyperbulls will do once (if) bitcoin actually reaches its target of $1M/etc? Like they will have no purpose anymore and go into some kind of depression. This is actually a good question. At which price point will HODLers get bored and just leave this thread forever, going into Lambo trashing and yacht sinking entertainment? Or maybe they retire, spend time on projects they actually care about, put their money toward things that interest them and watch it all grow while keeping an eye on this thread to see why their money is doing what it is doing. |
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This one took a lot of patience but I'm pretty happy with the result. It's a reflection on the current mood (and I missed the first over 9000 celebration due to work)  So true, that reflects it perfectly lol On another note... I have always wondered if there are a lot of professional graphic designers on this thread or if it is just a (very devoted) hobby for some. I have about 60 years of computer graphical design experience. That's why I can draw graphs like this: ___/ |
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These prices are soooo last week..
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You need to sell your bcash for copper and nickel! That is the only true money.
The world is run by Pentecostal Holiness, only holding copper and nickel can stop them!
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Didn't you know this is the Wall Observer Maximalist thread. I know exactly what you mean but risk being shouted at to say that here  On the date of the bitcoin cash fork. Bitcoin core forked too didn't they? That was when segwit was activated. The original bitcoin in reality is an etheric and ambigous thing which probably no longer exists. The real shit slinging match is over the brand. "Wall Observer BTC/USD" You may be confused by /r/btc, but BTC is Bitcoin. You're more than welcome to create a Bcash or Bitcoin Pizza Wall Observer thread in the altcoin section. As far as the "original" Bitcoin, I'm sure you can find a copy of Satoshi's original software release from 2009, but you're going to be the only one running it. And you'd be missing out on some amazing new features, which have allowed Bitcoin to scale relatively well without increasing the blocksize or increasing centralization. As someone with a lot of bcash I created a Wall Observer thread here: https://bitcointalk.org/index.php?topic=3386487.0Let's pump this baby to .2 BTC again folks! You can do it! I'm really tempted to hijack the BCH/USD WO thread with BTC topics as these bcash shills do it with our beloved BTC/USD WO thread  I considered talking about nothing but the copper and nickel metal market. |
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Didn't you know this is the Wall Observer Maximalist thread. I know exactly what you mean but risk being shouted at to say that here On the date of the bitcoin cash fork. Bitcoin core forked too didn't they? That was when segwit was activated. The original bitcoin in reality is an etheric and ambigous thing which probably no longer exists. The real shit slinging match is over the brand. "Wall Observer BTC/USD" You may be confused by /r/btc, but BTC is Bitcoin. You're more than welcome to create a Bcash or Bitcoin Pizza Wall Observer thread in the altcoin section. As far as the "original" Bitcoin, I'm sure you can find a copy of Satoshi's original software release from 2009, but you're going to be the only one running it. And you'd be missing out on some amazing new features, which have allowed Bitcoin to scale relatively well without increasing the blocksize or increasing centralization. As someone with a lot of bcash I created a Wall Observer thread here: https://bitcointalk.org/index.php?topic=3386487.0Let's pump this baby to .2 BTC again folks! You can do it! Wall Observer has been forked. Join the true Wall Observer thread! |
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Wall Observer
A free service brought to you by the bcash community
Whenever there is a significant change in market depth, please update this thread with a new depth chart, and a good price chart with some TA is also welcome, feel free to comment on these if you have something to worth contributing, ( if your post is not at all TA it will be deleted )
Posting guild lines:
Please lets keep this thread clean. ( I will be removing any off topic posts )
Do not post random comments on this thread, unless it is directly related to the last wall update (ex. The 20K ask was was NOT sold into, it was removed after being tested)
When you post a chart please use livecoinwatch.com or whatever other bcash site has charts
BCH/BTC price is also valid as most people just care about how many free bitcoins they get from the bcash gift to bitcoin hodlers.
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That's no lambo  Just like when Porsche came out with their SUV. |
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So does the bcash arguing mean that we're over the whole "bitcoin is going down!" talk and now we're fighting over which coin is going to be the new world currency?
I just hope bcash gets back up to .2 BTC again so I can dump the rest.
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You all don't realize how powerful the Dragon Ball franchise is. They have been milking the "It's is over 9000!" thing for all it's worth. They had to rush to crash the market when it jumped to almost $20k pushing the price back down so they could repeatedly have the price go over 9000.
Some theorize that this is the sole purpose of the creation of Bitcoin.
Some also theorize the sky is blue because we live inside the eye of a blue-eyed giant named Macumber  Seems legit. Who am I to argue with some? |
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