cough, laugh cough

http://uk.businessinsider.com/coinbase-uk-gets-fca-licence-access-to-faster-payments-with-barclays-2018-3

coinbase gets FCA licence

ill give you another hint. about where your cloak of ICO invisability fails.



if you accept funding and its measured in great british pounds and your business is operating in the UK. then there is no cloak of invisibility.
it really is worth you reading FCA guidelines. because "i have a legal team" is no defense.

now show your insurance details 

firstly you are already taking/requesting funding, and promoting that your service is insured.
publish your insurance policy details.
you cant now rush and try finding an insurer and in a year publish a number.. its something you need to already have NOW

secondly. just like other scammers who think handling bitcoin/crypto makes them invisible to FCA/SEC, it doesnt. and same goes for ICO's.
ill give you an example. if you give a prostitute a car for her services instead of cash does not mean you cannot be arrested for soliciting a prostitute, by thinking not using cash protects you

thirdly. you can in your own mind pretend that its all invisible under a cloak of undefinied ICO. but your scam is actually breaking rules that have been around even before bitcoin existed. thus its not a ICO/bitcoin thing. its a legitimate business thing. something that would still be a scam no matter what 'token' method of financing you used

but to put the ICO cloak you think protects you as a scam artist aside. you are still failing the very basics of business/finance ethics in regards to consumer protection.

i personally hate regulation(bcause they are not about consumer protection). but am well versed in it.
but what i do want to see is consumer protections. to not have scammers ripping people off and then making things like blockchain/cryptocurrency/bitcoin get bad press.

again your claim of funds bing insured, means you need to have a publicly viewable insurance policy reference ALREADY. so that any victim can have redress if you ran off anytim between this second or any time in the future. so show it
no excuses about delays, or paper work needs to be filed or your too busy. or the documents are locked in some time locked vault that only opens some randomly chosen date in the future.
its something you need publicly viewable NOW

yawn

more finger pointing civil war social drama over at reddit.
makes me wonder whats happening with real dvelopment thats not happening/flawed. that requires reddit to try these social distractions

no matter what/how you change/modify the mining algo. there will always be a way of gaming the system

EG
if it was a PoS.. lets say 100k individuals staked. .. 20 pools(managers/top guys) could simply make 10k stake each(200k) 3.3% of the time a pool get a block and 0.00033% of the time a individual wins a block
EG
if it was a PoH(harddrive).. lets say 100k individuals had nodes. .. 20 pools(managers/top guys) could simply buy 10k raspberry Pi's each(200k) 3.3% of the time a pool get a block and 0.00033% of the time a individual wins a block

they can as they are getting the rwards more often then use the profits to buy more nodes/stake and increase their % of the pie, diluting the chances of the individuals

forget ever thinking that there can be a "1 note 1 cpu 1 vote" situation because there will always be a way to pool resources

...
pool cartels are not a problem. because although a certain reddit group shouts out propaganda about such. the real problem is everyone is relying on one github source for bitcoin rules.. this is the central point of failure of bitcoin.
yes the nodes are then distributed. but the decisions of rule changes exist in only one github repo. and any other repo that wants to have a public vote on a different/better/positive roadmap usualy gets treated as an opposition rather than a decentralised democratic choice. and thus the single central point of failure github repo team then try everything they can to treat anything that threatens thier dominance as an altcoin. rather than a consensus challenge.

DW you are a scammer. i find it funny how you are pretending your just a web dev. its obvious that you are orchastrating this whole thing.
you know that i done my research the last time you promoted this scam and then deleted the thread.

yes you subcontracted out your work. thats what scammy ICOs do. they pay a script kiddy to make a coin. and another script kiddy to make the templates, and so on. that does not mean you have a dedicated team. it just means you have subcontractors.

but let me be clear
you are not FCA complient. that is more than obvious just checking the website. and if you have no clue what i am talking about then that shows how little you know about FCA complience.

its people like you that make the bitcoin community look bad.
if you want evidence just look at your website.. if you cant see the evidence then it shows you know nothing, if you want to know the specifics then go read some FCA complience handbooks

ill give you one hint. publish your insurance policy number so 'customers'(future victims) know who to contact when you run off.
i asked this last time, and your response was to delete the thread

blah blah blah

another topic of speculation all based on a daily movement of less than 10%

guys when will you learn. the price is never going to be a stable 0.03% rise a day..
it will never be a stable/guarantee double your investment in a year.
some people who are smart can double their income in weeks. and some emotional investors may lose... get used to it

it always going to go up and down
just enjoy you can make more then 1% a day if your smart enough

just stop caring, viewing, thinking about the ATH(all time high). all that matters is the low. and you will notice that the yearly low is on a increase since 2009
stop hoping for another one time spike. because when it actually happen 99% of people wont have fast enough fingers to take advantage of it and then when it corrects to a low. you just sat there waiting for the next ATH spike and hope your online fast enough.. (which most never are)

so just stop screaming "bitcoin is less than half the value of ATH".. instead say bitcoin is $2k higher than the LOW of 6 months ago

..
smart traders dont care about ATH
smart traders dont speculate years ahead
smart traders dont trade once a year hoping to double their funds. by having the luck of being online the exact second a ATH spike occurs
smart traders take their 1% a day and cumilatively it all adds up to a more secure profit

trying to be unbiased. cobra's opinion is flawed in many ways.
1. by separating mining from the nodes(2013) actually splits the point of failure. because instead of core changing something and the whole community moving. the pools have to agree/disagree. this made core (in 2016) not fully tyranical because core cant control the mining internally via code. this is why core did not get segwit activated in december 2016 because they only had ~30% of the community vote.

2. as my previous post said pools cant simply change the rules and mess with bitcoin. because the nodes/community have to agree. but nodes too shouldnt have the power to change the rules without the pools or node users agreeing. which core abused by making opposition/abstainers shift to a altcoin to unanimously get their fudged 95% in 2017

3. this is where we do actually need multiple full nodes made by different teams, which can use consensus to make agreements on positive changes. and not allow negative changes, rather than just 1 team acting like tyrants avoiding consensus by throwing opposition into altcoins so they always win the vote.

anyway the other major flaw of cobra's thinking is this:
4. if a mining algo change did occur. in a fair and multi team consensus agreement... it would still not help the little guys get on the profit ladder.. big mining companies (yes there are many more than just bitmain, although cobra wont admit that) these mining companies will just pool together many nodes and within a short time be back at the top of the ladder again.
EG
if it was a PoS.. lets say 100k individuals staked. .. 20 pools could simply make 10k stake each(200k) 3.3% of the time a pool get a block and 0.00033% of the time a individual wins a block
EG
if it was a PoH(harddrive).. lets say 100k individuals had nodes. .. 20 pools could simply buy 10k raspberry Pi's each(200k) 3.3% of the time a pool get a block and 0.00033% of the time a individual wins a block

so no matter what within hours/days weeks. there will always be a way to 'pool' resources

to me i am not worried about pools. as my previous post pointed out. the real point of failure is the lack of diversity in node teams

another scammy ICO thinking it can protect itself by having a "policy".
sorry DW but the FCA will be on your ass faster than a fly on warm dogs mess.

you are not even FCA complient even if you were going to pretend you are honourable.
after reading your policy which is full of red flags, your lack of concern for running a legit service, the lack of "insurance" details. you really are throwing yourself into a legal black hole of being arrested and charged for atleast 3 UK financial crimes when things turn bad.

are you really that dumb or just that greedy that you just dont care. because its pretty obvious you have not even bothered to even look at the technical stuff of running an exchange.

how about going back to being just a website designer, because you are out of your league with your scammy ICO/exchange

back in satoshi's day (cpu mining) the concept was:

if a miner could out pace other miners then that miner can then make some nasty changes. but that concept was flawed because it would need the community as a whole to accept the block as valid and not reject it.
which is where the concept was extended to explain that if other nodes who CPU mined also had the same new code and over many blocks there was a clear majority of which blocks were accepted over all. then that majority became the main chain. and most users would need to react and either update their node to join.. or if the new rule was nasty. not upgrade and just treat it as an altoin of more hashpower but less real world utility(not let merchants adopt nasty new rule)

same thing for GPU pool mining. even if many miners grouped together to out hash the rest of the community. the main payment services (coinbase/merchants/bitpay/exchanges) needed to also have the code for the new rules otherwise the blocks were deemed invalid and pools couldnt spend their rewards with their favourite merchants/services

the worse to occur was high reject/orphan rates which eventually gets the rule breaking pool IP banned and thus they only communicate with their like minded peers.thus making their own altcoin. the community that sticks to the old rules may suffer a delay in the average block time until difficulty adjusted

now that mining is no longer '1 node 1 miner' because ASICS dont hold the blockchain and nodes dont themselves mine directly. pools really do need to persuade the community to download a new node client version, with the new rules for the blocks to be acceptable.

this is why running a node is important. pools could make blocks of 200coin reward. but if no one in the main communuty accept such block. a pool cant really spend that block and thus they are wasting electric and ASIC hashtime making blocks the community (metaphorically) throw in the trash within 2 seconds

this leads to the 'rule breaking' pool to decide to either carry on with their altcoin and then develop exchange/paymnt service relations with merchants to accept their new coin network.. or stop mining the new rule (kiling the alt) and going back to mining the old rules just to atleast have the normal block rewards accepted by merchants, to cover pools mining costs

another part of bitcoin evolution is the floppy disk argument

1995 floppy disk: "i can only hand just over 1mb, you cant store more without a central computer, so dont even try evolving distributed media"
2018 400gb microxd: "if we listened to you the usb/flash industry would not exist and i wouldnt be here.. well i exist and people can hold 285,000 more then a floppy in less physical plastic then the floppy"

if we continue with the 1mb base vs 1gb block argument. blockchains will stagnate.. what the small blockers done to stagnate legacy tx's is say its impossible to go to 2mb then 4mb then 8mb then 16mb over time.. by trying to push the 1gigabyte block FUD

all so they can persuade people the only way forward is co-signed transactions with hubs(banks2.0)
- and dont rebut that LN only needs 1 channel per person. hop model does not work. users need many channels(hub) to ensure reliable service.
- and dont pretend LN has anything to do with blockchain. LN is offchain. like depositing into coinbase where user and coinbase both need to agree to withdraw funds(in laymans terms)
-bitcoin(using blockchain) has stagnated..

 

theres already lotto things and gambling for bitcoin. infact theres gambling for fiat apps.. but they are not special/new/different/killer
we need to think of things that are new/different

but going one step further by having it in a virtual game GUI .. so yea.. get team open bazaar and team dragons tale to work together and create something

imagine dragons tale. (im guessing you kprawn have been around long enough to have come across dragon's tale to envision what im about to say)

but instead of kicking a trashcan or buying seeds. people can set up their own vendor station(market stall) and sell real goods that get delivered to real addresses, intreacting with others in a virtual environment

making it a bitcoin virtual mall for real online shopping/home delivery
it already a bitcoin game and wont take much alteration to slip in more stalls for merchants to communicate with customers. as the bitcoin paymnt part between users is already part of the game

bitcoin is a currency (asset class currency) and not a gambling token(poker chip)

so bitcoin is halal, as is the dollar a currency and not a gambling chip so the dollar is halal

the confusion comes when governments say that bitcoin is not recognised as money. but the same goes for the dollar
you cannot pay national taxes in sharia countries using the dollar.
you cannot pay court fines in sharia countries using the dollar.

this is not about halal or haram. this is about the legal tender.
only the national currency of the country is legal tender of that country. this does not mean other currencies are then haram. it just means its not a nations national currency.

so relax. a nation not accepting a currency to pay fines/taxes does not make a currency haram.

i emboldened and enlarged the most important thing the OP wrote

how about this for out of box thinking..

instead of crying about how banks wont adopt bitcoin yet we value bitcoin vs the dollar. and thus other FIAT currencies then convert the dollar fiat to their own countries fiat to then value bitcoin against their own currency. thus making the dollar more significant than bitcoin

how about WE as a community decide to ditch the dollar, because right now even in america itself there is a disparity of using the dollar as the measure. in arkensaw (min wage=$8.50) and in illinois($10)
arkensaw has to work over ~950 hours where as illinois only has to work ~810 hours

so again, how about WE as a community decide to ditch the dollar and measure bitcoin against, either:

cost of living:- lets say right now today that a bitcoin is 900 hours of labour.(where markets then buy/sell in hourly increases/decreases) so that everyone around the world can get a bitcoin for the same labour time no matter what their fiat vs fiat rates are

barrel of oil:- oil is a dying industry.. but we could measure it as being that we are willing to buy 100 barrels of oil for 1btc

id say its far more easier to petition our own community to get bitcoin exchanges to swap the measure. than it is to cry and sit on hands hoping banks/opec take the lead and control of the price

its because most people are not told what bitcoin is really about.. they are just told that a friend of a friend of a friend doubled their fiat in a month.

too many people only se bitcoin as a vessel to 'get rich scheme' their way back to fiat.

bitcoin original ethos/purpose.. electronic cash, the borderless, open, payment system

then comes along people who are most definetly more fans of core/blockstream than bitcoin..
translation:
if you dont like core/blockstreams roadmap that has screwed bitcoin.. go F off

seems you dont understand it..
lets say Alexksso, bitart, ichardsNY and ETFbitcoin were using LN

[alex:bitart]  [bitart:ETFbitcoin]  [ETFbitcoin:richardsNY]

alex puts in 0.1btc
bitart only has 0.2btc to deposit
ETFbitcoin only has 0.005btc
richards has 0.1btc
[alex:bitart]  [bitart:ETFbitcoin]  [ETFbitcoin:richardsNY]
  [0.1:0.1]       [0.1:0.0025]            [0.0025:0.1]

now bitart wants to pay 0.1 to richardsNY
but ETFbitcoin cant route it.. ETfbitcoin only has 0.0025 to pay richardsNY
so the payment cant be made from bitart to richard

now bitart has to close the channel costing him on onchain fee. to then open a new channel with someone else to move those funds into a possible route  with diffrent people that could

..
or imagine this
[alex:bitart]  [bitart:ETFbitcoin]  [ETFbitcoin:richardsNY]
  [0.1:0.1]       [0.1:0.0025]            [0.0025:0.1]

alex wants to pay richardsNY 0.0025
ok theres enough funds per channel to route the paymnt.. lets do it
[0.0975:0.1025] [0.1:0.0025]  [0.0025:0.1]  alex pays bitart
[0.0975:0.1025] [0.0075:0.005] [0.0025:0.1]  bitart pays ETF
[0.0975:0.1025] [0.0075:0.005] [0.0:0.1025]  ETF pays richardNY

ok the payment is complete alex paid richardsNY 0.0025
.. now the problem
bitart no longer has 0.1btc of his own funds to pay either ETF or richard
ETF has 0 of his own funds to pay richards

all because alex made the route useless.. so now bitart and ETF have to close channels to re-agregate their funds in new routes.

LN is not a constantly open, not limitless utility, not send any amount.
channels will need to be closed and opened more often then people thing.

imagine you had a joint bank account.. you deposit $100.. but then your wife wants to buy coffee for all of her friends using your joint bank account..
even if you put a limit of $5 per payment.. your wife simply makes 20 payments of $5.. and your funds are gone before you yourself even got to spend your own funds 

now your wife has to close all her joint accounts with her frinds to re-agregate the funds into your joint account. and you then have to re-agregrate your account with the coffee shop so that you have funds if you ever want coffee for yourself.

in short.. look passed the utopia of the white paper. and actually run scenarios

a few people that dont want to run a node and learn command lines. can do it simple with a few boxes of matches. or even pen and paper

i didnt miss the point at all
even since i started in 2012 i had the notion that measuring bitcoin to the dollar is a failure

i have said many times over the years of this forum that if bitcoin was measured as a cost of living index the volatility would not be noticable even if the FIAT valuations jumped 15-30%



my notion is forget fiat pricing.
if we measured things against cost of living where say right now no matter where in the world you lived 1btc was worth
8000 loaves of bread or 1100 hours of minimum wage

th markets would all act differently

it can change the world of economics and people will start to see that its FIAT that volatile
you would start to see people arbitrage the FIAT to get better deals of bitcoin.. rather than arbitrage bitcoin to get better deals in fiat
thus by switching the direction of arbitrage between the different FIATS to get bitcoin.. the end result would be that everyone could earn the same thing and buy th sam thing around the world.

i even remember mentioning the disparity between states of america.. where today 1btc is worth 1100 minimum wage hours in on state.. while right now in another state 1btc is worth ~550 minimum wage hours..
think about it.. if you lived in a state that offered $7.50 working in mcdonalds.. you would need to work 1100 hours to get 1 btc.. meanwhile in another state where minimum wage was $15.. you only need to work ~550 hours
same country, same fiat, same job, same company.. but having to work double the hours.. FIAT is the failure.. not btc

 


the obsession with fiat profits is the problem

but while we remain dislusioned to measure
bitcoin -> $$ -> bread
instead of
bitcoin -> bread

we are not changing ecomony or even helping bitcoin be a 'uaable' means of paying for goods

if everyone would please stop getting shocked about 1%-15% price movements
this is normal.

take fiat last year and the year before that
US$  GB£   165-150 (15%)  most brits do not even care/notice. half of media do not make a big deal
by this i mean cisitizens dont care but some media report it but its not the main story of the day..

US$  GB£   165-135 (30%)  most brits do not even care/notice. most media reported that it was due to brexit.. even when the truth is it was related to shifts in the IMF's sdr
.
by this i mean cisitizens dont care but many media reported, but couldnt explain the real reason and thus they FUD it to link to other controversial stories that are happening to try and make it into bigger news

in the end.. people still buy bread. milk toilet paper.. the world didnt end when fiat moved 30% last year..

so lets do the same with bitcoin and not care when prices move 1%-15%, just treat it like normal trading waves.