It is monumentalyl terrifying that this community has transitioned from being populated by (perhaps overly idealistic) intelligent people, to an overwhelming presence of people who in the best of cases can be described as appearing to be batshit insane.
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Aliens. It's definitely jewish communist aliens.
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Not complaning, though I could have done better--got some of the numbers vs. bitcoin a bit too aggressive. c'est la vie ^^
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TenX cards have just been disabled due to partnering with a rouge issuer that disrespected contractual obbliations to VISA, while Monaco is taking time to ensure perfect compliance. Basically, Monaco is real, TenX, right now, is deadish.
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It's obvious that if a service that people find useful comes online, demand and ability to satisfy demand increase, pushing Exchange price up.
This is nothing wrong or against the concept of decentralization. Exchanges are indeed centralized and non "ideologically in-line" with the concept of pure decentralization, however I think there is a misconception of what decentralized means.
Mining pools, staking pools, mining farms, investment groups, payment processors... everything that offers a service through an own-Platform will be centralizing the portion of actions that they service, this doesn't centralize bitcoin. The ideal that BTC should be autonomous and impervious to services provided is absurd.
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Change address has nothing to do with privacy. It's simply the technical product of the basics of Bitcoin. You can only spend full output (well, to simplify), which means you need to be given change. that's all.It provides a tiny ammount of anonimity in the mere sense that it's non-trivial to see your current balance, but that's about it. It wasn't designed to keep you safe from prying eyes.
Privacy is preserved by not associating your keys to your personal identity in any way, shape, or form.
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If it drops to $15, there is _no way_ my MCO stay the same. They'd become at least a few hundred more ^_^
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The blockchain is public and openly available, and no claim of anonimity. That the "block-chain" contains, because of its very design, a visible history of all transactions is well known and obvious.
Just as it is obvious and expected that data scientists would quickly learn to analyze it.
There are other coins for some less public transactions, Bitcoin was never meant to be, and it's fine that way.
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Why in the world would any customer want to stick with these companies? They rushed to market to capture customers without doing due diligence. They all copied each other, all working with this one company that made things so easy that... it was too good to be true.
These companies are a failure, and they deserve to be.
Today, the only credible potential debit card provider is Monaco, who has been working with serious dedication to compliance, not taking the silly shortcuts that are bleeding our community.
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I think that some people ought to spend at least a few of their Satoshi in meds
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No offence but... if you follow _anyone_ promising 100% returns on anything, you're bending over and spreading your arsecheecks...
Use your brain guys. Bitcoin can be a wonderful investment, can be a destructive one. regardless, why do you think you need a company to manage your returns?
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Your goal tells me nothing. How many BTC do you currently own? How do you plan to grow your BTC wealth?
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The coin has been fairly stable around this level for a long time (despite the increase in circulating supply, might I add). The team has not been more silent than usual, VISA has stated themselves clearly that the issue with WaveCrest is... an issue with WaveCrest. full stop.
You can argue all you want but if you don't have the basic info down, why do you bother?
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The visa thing screwed them good. Look into other coins for now. Visa won’t allow cards for wavecrest.
Allmighty steemy pile of refuse... Are you all swarming here? For the umpteenth time, Monaco has absolutely nothing to do with WaveCrest. Monaco has a pretty piece of paper signed by VISA.
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Honestly, I wouldn't touch crypto if I was Buffet. It makes very little sense from his position to be exposed to unneded stress and complexity.
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tl;dr shit might happen. if it hits the fan, it will rain shit
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VISA fiasco?
Absolutely nothing happened to VISA, and monaco has been as vocal as they usually are. If you are talking about the Wave Crest showstopper, that doesn't affect Monaco in any way, they have no dealings with Wave Crest, nor do they need to. Monaco is a VISA member themselves, and are working with a professional, proven company for issuing the cards.
The Whole issue was Wave Crest, and independent company that was a VISA member, but they were ejected due to repeated breach of contract. Had nothing to do with crypto, as Wave Crest is _not_ a crypto company.
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In theory it's software, anything can be done. in practice increasing supply would without any doubt result in a contentious fork as there are a very strong Group of us users that do not even remotely consider accepting such a change.
The change you "might" see if bitcoin were ever to reach truly insane values (say 1USD per satoshi) would be a further subdivision of the currency (i.e. adding 0s after the decimal place).
So the most sensible answer is that it's impossible to increase the supply, because even if the entire dev team chose to and realeased versions to this effect, a large portion of the community would refuse to update. You'd have a BitCoin Cash-like situation, the "birth" of a new currency with an initial airdrop... nothing more. Which one will be worth more is more difficult to predict, but ceteris paribus it will be the legacy chain.
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Nobody has been _unsuccessful_ at receiving their card, Monaco simply has not started shipping cards yet. The app allows you to place and order, but the order will be processed once your region/country is supported for card issuing. Don't have a specific deadline, but the timeline is most likely sooner rather than later, with the caveat that they are initially focusing on Asia and Europe, or so it seems.
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As #270-something, naaah. As an MCO holder, f**k no! The longer those coins stay locked up the better!
So, after this full discolusre: No, I don't think they should reduce the lock-out time. 6 months is reasonable in Exchange for basically a free premium card. They might have to rethink some of their price points if the token fluctuates heavily, but I'm sure the team will have the right strategy for onboarding.
The fact that the card is late, considering the news coming from outside, I'd say is one of the better Monaco features!
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