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761  Local / Deutsch (German) / Re: Kryptofreundliche Banken in Österreich? on: February 18, 2021, 04:10:18 PM
Danke für die Links @mole0815! Smiley

An den Raiffeisen Thread erinnere ich mich sogar, aber nachdem ich bis jetzt nie Probleme hatte ging ich davon aus dass ich bei leiwanden Franchisenehmern sitze ¯\_(ツ)_/¯ Tatsächlich hatte ich Dezember 2017 schon mal ein Telefonat mit meiner Bank, aber das konnte ich damals alles relativ schnell und unkompliziert klären.

Ich hab auch kein Problem damit das bzgl. gewisser Transaktionen genauere Informationen angefordert wurden (auch wenn's nervig ist) aber die kategorische Ablehnung von Kryptowährungen stösst mir jetzt schon sehr sauer auf. Insofern bezweifle ich das eine vorherige Anmeldung einen großen Unterschied gemacht hätte. Aber mal schauen was bei der Aufklärung des Sachverhalts rauskommt. Zumindest freuen sie sich "auf eine weiterhin vertrauensvolle Zusammenarbeit!" Kiss

Bei den Transaktionen zu denen die Bank weitere Infos angefragt hat sind witzigerweise auch Transaktionen dabei die mal so gar nichts mit Crypto zu tun haben (reguläre Gewerbeeinahmen -- es soll tatsächlich Freelancer geben welche den EU-Wirtschaftsraum nutzen und nicht nur in Österreich Kunden haben!). Anscheinend haben die also in ihrem Eifer sicherheitshalber mal gleich alle eingehenden SEPA Transaktionen aus dem EU-Ausland als verdächtig eingestuft.

N26 gibts glaub ich nur mit deutscher IBAN? Dann bin ich ja noch verdächtiger! Cheesy
762  Local / Deutsch (German) / Kryptofreundliche Banken in Österreich? on: February 18, 2021, 12:25:55 PM
Aus gegebenen Anlass: Hat hier jemand aus Österreich zufällig Erfahrungen welche Banken tendentiell krypto-freundlich gestimmt sind? Ich kann jetzt leider aus persönlicher Erfahrung bestätigen das die Raiffeisenbank es nicht ist Roll Eyes

Kürzlich ist mir nämlich ein Brief per Einschreiben ins Haus geflattert das neben einer Transaktionsanfrage auf Basis des Finanzmarkt-Geldwäschegesetzes folgende Zeile enthielt:

Quote from: Raiffeisenbank
An dieser Stelle informieren wir Sie, dass Transaktionen in Verbindung mit sog. Kryptowährungen über Konten der Raiffeisenbank ________ aus geschäftspolitischen Gründen nicht erwünscht sind.

Was nicht einer gewissen Ironie entbehrt nachdem die Raiffeisenbank Bank International (separate Firma, ich weiß) erst vor ein paar Monaten eine Kooperation mit Bitpanda angekündigt hat um einen eigenen RBI Coin zu testen:
https://www.rbinternational.com/de/insights/blockchain-meilenstein-bitpanda-partner.html


Jedenfalls ist es wohl an der Zeit Bank zu wechseln. Man könnte sagen aus privatpolitischen Gründen :O)

Ich hab gesehen das die Erste Sparkasse (bzw. Erste Asset Management) sogar einen eigenen Crypto Asset Analyst hat [1], was mich gerade etwas positiv in Richtung Erste Sparkasse stimmt. Allerdings wäre viel Blabla und nichts dahinter auch nichts neues und wer weiß ob die gEsChäFtsPoLitIk der Erste Asset Management mit jener der Erste Sparkasse übereinstimmt. Bei der ING-DiBa und Bank Austria hab ich soweit ebenfalls Presseausschreibungen zum Thema Bitcoin gefunden, allerdings teilweise nichts wirklich Aktuelles und wer weiß wie's in der Praxis ausschaut.

[1] https://newsroom.sparkasse.at/2021/02/01/was-steckt-hinter-dem-hoehenflug-von-bitcoins/86115


Meinungen, Erfahrungen?


763  Economy / Economics / Re: First publicly traded German company buys bitcoin on: February 17, 2021, 03:05:35 PM
At the current market cap of ~ EUR 70MM,- [1] that's barely a small cap stock, wake me up when we have a DAX 30 company on board Tongue

Nonetheless it's really interesting to see more and more private companies building up Bitcoin reserves at this stage of Bitcoin's growth. I wonder if that means that the time of crazy spikes and sudden drops is finally over?


[1] https://www.investing.com/equities/synbiotic-se
764  Bitcoin / Development & Technical Discussion / Re: One-way function vs Non-invertibility on: February 15, 2021, 05:47:01 PM

Non-invertable means the inverse of a function does not exist ...


By this definition sha-256 could be non-invertible as well, depending on its input. And double sha-256 is non-invertible (as used in bitcoin), since half of the possible outputs of the second sha2 are unreachable, and 1/4th have more than one pre-image.

I guess in the end this means that SHA256 can only have partial inverses?

https://en.wikipedia.org/wiki/Inverse_function#Partial_inverses

i.e. an inverse function could exist for a set of numbers of size 2^256; or multiple different partial inverses for different sets of numbers. But not one reverse function for all possible inputs, since the domains don't match.
765  Bitcoin / Development & Technical Discussion / Re: I wish I could loop through coins on: February 15, 2021, 05:27:39 PM
Blink twice if you're human. Your post reads like a derailed Markov chain. Can you restate what you were trying to say?
766  Local / Anfänger und Hilfe / Re: Bitcoin und Immobilienkredit on: February 14, 2021, 08:45:19 PM
Herkunftsnachweise sind bei Bitstamp und bspw. auch bei Bitpanda aber sehr wohl erforderlich. Das Risiko würde einer Herkunftsnachweisprüfung ist bei dir sicher nicht ohne wenn du nicht sauber belegen kannst, woher die Coins stammen. Die Coins werden zwar nicht konfisziert werden wenn du das nicht nachweisen kannst, reicht aber, wenn dir der Exchange die einfriert und der Support dann Wochen braucht um zu antworten Smiley

Wann wird ein Herkunftsnachweis von Bitstamp verlangt? Ich hatte in den letzten Wochen immer mal wieder was aus meinem Cold-Storage überwiesen und gegen Fiat getauscht. Bis jetzt gab es noch keine Nachfragen, ich hab aber auch kein Bock jetzt auch noch vor Bistamp die Hosen runter zu lassen. Das Finanzamt reicht mir schon Wink



Erfahrungswert laut dem Thread hier liegt bei ca. EUR 50k,-
https://bitcointalk.org/index.php?topic=5270406.0

Ich bilde mir allerdings ein woanders auch schon anekdotisch von Werten ab um die EUR 10k,- gelesen zu haben.
767  Economy / Service Discussion / Re: Looking for a recommended VPN to access Binance.com from teh US to withdraw on: February 13, 2021, 09:41:49 AM
I need to log on to binance.com and withdraw my funds. I no longer have Google authenticator set up for Binance so I need to reset my password which requires me blinking into my phone for verification which does not work from the US.
Using a VPN may make the problem worse.

This. While accessing Binance via VPN may work there's also a chance that you'll trigger a couple of red flags. I'm not saying that it necessarily will happen, just be aware of the risk.
768  Local / Deutsch (German) / Re: Krankenkasse Selbstzahler und Gewinne aus Kryptogewinnen on: February 13, 2021, 09:32:45 AM
Zumindest in Österreich scheint die Sachlage relativ klar zu sein:

Grundlage für die Berechnung der Beiträge sind die im Einkommenssteuerbescheid für das jeweilige Kalenderjahr enthaltenen Einkünfte

Dh. alles was nicht einkommenssteuerpflichtig ist (wie z.B. Privatveräußerung nach 1 Jahr Haltefrist) ist für die Krankenkassen irrelevant (das konkrete Beispiel bezieht sich auf die Krankenkasse der Selbständigen, aber idR gibt es für unselbständiges Einkommen jeweils analoge Regelungen). In Deutschland ist es ja ein bisschen anders, aber mich würde trotzdem wundern wenn wir hier mal einen Fall hätten der in Österreich klarer geregelt ist als in Deutschland.



Loophole könnte sein, man gründet ne Firma und stellt sich selber ein.                                                                                  

Warum selber einstellen? Freiberufliche Tätigkeit anmelden und aufpassen, dass einem keine Liebhaberei unterstellt wird.  Wink Dann KK-Mindestbeitrag zahlen.

Ich sehe eine Welle an Freelance-Crypto-Consultants auf die Gesellschaft zukommen Grin
769  Economy / Economics / Re: In crypto everybody pay high tx fee, no matter rich or poor people on: February 12, 2021, 06:53:45 PM
On the early day of bitcoin, it’s usual for people to send 1000 bitcoin and pay 10 bitcoin in tx fee? This is how miner have the incentive to mine the bitcoin, if people were paying 0.1 bitcoin/0.01 btc to send 1000 bitcoin, I think all miner would have been quit the mining.

Back in the day fees were much much lower because fewer people were using Bitcoin. Transaction fees were a handful of sats, regardless of whether you sent 0.1 BTC or 10,000 BTC. That's possible even today, when you manage to catch a calm day or are patient enough.

Being "rich" or "poor" has nothing to do with it: The cost of a transaction is only depending on the amount of inputs, rather than the monetary value. If you have a lot of inputs because you got your coins from faucets for example, sending 0.1 BTC may be much more expensive than sending 10,000 BTC if the latter has been consolidated into a single input.
770  Economy / Economics / Re: In crypto everybody pay high tx fee, no matter rich or poor people on: February 12, 2021, 12:44:13 PM
In stock market, poor people pay the highest trading fee, where rich people pay low trading fee, 401k probably paid zero trading fee because they own the brokering market, yup, stock market benefit rich people and punish poor people on trading fee alone.

You are aware of those neo-broker apps such as Robinhood? Now after what happened with GameStop and other meme stocks I wouldn't touch them with a 10ft pole but they do not charge any trading fees. Granted they make money by selling your order flow (true to the old adage "if you're not the customer, you're the product"), but it shows that your statement is not remotely true these days. Trading fees used to be incredibly high and opaque, but over the last few years they've become increasingly transparent and cheap, even without resorting to a broker that treats you as livestock.
771  Local / Deutsch (German) / Re: Akzeptiert/investiert nach PayPal & Tesla nun auch MasterCard & Twitter in BTC!? on: February 11, 2021, 09:50:34 PM
Jack Dorsey ist schon länger Pro-Bitcoin, da wunderts mich eher dass da nicht vorher schon was passiert ist Smiley

2021 dürfte jetzt allerdings tatsächlich das Jahr sein wo das große Geld ebenfalls einsteigt. Ich wage es zwar zu bezweifeln das Mastercard fürs erste mehr machen wird als Zahlungen zu verarbeiten (und selbst das glaube ich erst wenn ich es sehe -- in der frühen Phase eines Bullenmarktes haben alle immer die große Klappe und danach will's keiner gewesen sein), aber ich denke das Tesla nicht das letzte S&P500 Unternehmen sein wird welches Fiat-Cashreserven mit Bitcoin ergänzen wird. Ein interessanter Nebeneffekt ist, dass durch Teslas Bitcoin-Reserven jetzt jeder 0815 MSCI World und S&P500 ETF indirekt in Bitcoin investiert ist. Das muss man sich mal auf der Zunge zergehen lassen.

Spannender als die grünen Kerzen finde ich dass BTC damit wahrscheinlich zunehmend an Stabilität gewinnen wird. Zumindest würde ich davon ausgehen dass diese Reserven tendentiell eher gehodlet als bei der kleinsten Erschütterung gedropped werden.
772  Bitcoin / Development & Technical Discussion / Re: BTC can only get better: introducing the Smart Network on: February 07, 2021, 11:49:36 PM
Apart from the problems that the others pointed out -- what exactly would be the "smart" part of this "smart network" idea? So far I only see something akin to hashpower signaling but based on PoS rather than PoW. Which doesn't really make much sense on a blockchain whose security relies on PoW; moreso it would likely even actively undermine its security.

He did say that it would be a DApp that handles emergency situations like a 51% attack:

All I see is a change to the consensus layer by allowing PoS to override PoW? Usually I'd associate DApps with scripts that run on top of a decentralized protocol rather than changes that are done to the protocol itself (even if those changes are selected by means of a voting system).


If they'd want to they could sell all their coins on one fork, the price of the coin would drop, the hashrate on that fork would drop and fools like you would realize "Well, that must not be the real btc??", isn't it what happened with btc and bch back in 2017? The solution I'm proposing is just a more convient and a more decentralized way of reaching a consensus in case of emergency.

Yes, and it worked amazingly well, didn't it?

If people would have believed BCH to be superior than BTC, they would have sold their BTC for BCH and BCH would have ended up with the larger market cap. If people would have believed BSV to be superior than BCH, they would have sold their BCH for BSV and BSV would have ended up with the larger market cap. If you were uncertain or indifferent about the situation, you simply held each fork coin you received until the dust had settled.

People were literally voting with their wallet, in way that's as decentralized as it gets -- on the free market.

Be aware that hard forks caused by protocol changes are something very different from 51% attacks though, to me it reads like you are placing them in the same bucket.
773  Bitcoin / Development & Technical Discussion / Re: BTC can only get better: introducing the Smart Network on: February 07, 2021, 10:56:20 AM
What is the real idea behind this system?
If there is a fork on the network then the nodes would be able to quickly determine which version of the blockchain is most likely legitimate (that could prevent that the final decision falls into the hands of the big mining pools and the large exchanges who don't necessarily have your best interest at heart). A majority vote could be the ultimate consens rule but in any case the most important thing is to develop the "smart network" as it could add a lot of value to our coins.

Apart from the problems that the others pointed out -- what exactly would be the "smart" part of this "smart network" idea? So far I only see something akin to hashpower signaling but based on PoS rather than PoW. Which doesn't really make much sense on a blockchain whose security relies on PoW; moreso it would likely even actively undermine its security.
774  Economy / Services / Re: [FULL] ChipMixer Signature Campaign | Sr Member+ on: February 07, 2021, 10:34:31 AM
Congratulations to all new members, well deservered choices although it must not have been easy Smiley
775  Economy / Economics / Re: The GameStop drama and what does it mean for Bitcoin on: February 03, 2021, 05:11:41 PM
I didn't quite expect the amount of shit hedgies managed to pull though.

Successfully spreading the story that WSB had won and that the short squeeze already happened was a master move. Introduce liquidity issues, push the lie that WSB has moved on from GameStop to silver for good measure. Nothing to see here, move along.
They own literally every channel regarding finance you can imagine. From cnbc to bloomberg to tv channels to websites there are combined millions of viewers and readers they can reach because they own it themselves and that is why they were capable of changing the narrative however they want to.

It's still pretty damn impressive to see a blatant misinformation machine go into action that heavily. Globally. Propagating that "the shorts have been covered" is one thing, but successfully selling that "Reddit is now going after silver", a claim that could have been disproven by just taking 5 minutes to actually look up the sub, is a wholly different beast. Now the media I follow in Europe has luckily been a bit more critical about the silver thing (ie. pointing out that Reddit users themselves are actually warning people to not go into non-physical silver) but it still seems to have been a global news story. No wonder no one is trusting the news these days anymore.


Wasn't the price of GME at $20 or smth when this whole thing started? Right now it is ~$90 I think that's enough to bash their skulls if WSB manages to keep it at these levels. The higher the better ofc.

WSB entered GME at as low as USD 5,- in 2019 / 2020, USD 20,- was the short sell target propagated by Citron Research, escalation than happened somewhere around the USD 40,- mark. The problem I see now is that Robin Hood and other "trading platforms" pulling the plug on Thursday not only took out a lot of the momentum, it also gave hedge funds more than enough time to reposition themselves. I truly believe this could have been something great, but as it stands the situation is pretty dire and more likely to turn into a pump and dump rather than into a short squeeze. And while GameStop has announced some interesting new hires today, holders don't really have a halving supply shock to look forward to like Bitcoiners.

Let's see what happens next. Would be kind of a lame story if it really ended that way, but at least it was fun while it lasted.
776  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 03, 2021, 11:19:40 AM
Not yet.

We just need to go deeper.

My 4h lines:



hey that's me trying to figure out what happened with GME!

tfw when you head back to crypto to ground yourself a little.
777  Economy / Economics / Re: The GameStop drama and what does it mean for Bitcoin on: February 03, 2021, 09:49:05 AM
The hedge funds have tens of billions of dollars a button away from being loaded into their accounts to manipulate the market so even though they shorted, their losses were never going to be too big because they'll get bailed out. The mets owner iirc gave 3 billion to the hedge fund behind the short bets. That money went up in smoke but point being, they had plenty more to borrow.

That's the exact reason why smol people shouldn't be touching stocks or anything a hedge fund is in. It became apparent that RH -unlike its name- wasn't taking from the rich and giving to the poor. It was the opposite. They are selling the small people's positions, their data to the big boys so the Hedgies could be on the opposite side of the smol people's bets and take their money.

The casino is rigged and (hopefully) now everybody sees it.

Even when there is a small chance of a win for the avg. Joe, they still won't let that happen because the hedge funds also own the casino.

I didn't like the idea of pumping a shitstock with 0 value but for what they accomplished, I will be forever grateful to WSB.

I didn't quite expect the amount of shit hedgies managed to pull though.

Successfully spreading the story that WSB had won and that the short squeeze already happened was a master move. Introduce liquidity issues, push the lie that WSB has moved on from GameStop to silver for good measure. Nothing to see here, move along.
778  Economy / Economics / Re: The GameStop drama and what does it mean for Bitcoin on: February 03, 2021, 12:05:52 AM
Oh no, Gamestop down over 75 percent from its peak. Who could have predicted this? No one.

One thing wallstreetbets seemed to not understand is that after things subside and GME comes crashing down, the institutional investors were already out. It's normal everyday people that dabbled in the market who got bit hard. You're no longer supporting the small guys, you're just using them to keep the stock solvent, almost like a ponzi.

It's rather sad the amount of people who lost their money.

It really does seem like the attempt at a short squeeze has failed. I do wonder what would have happened hadn't Robinhood pulled the plug on Thursday though. And especially how shorts managed to reduce short interest over the weekend from ~122% on Friday to ~51% on Monday (according to S3 analysts), ie. whether (a) false numbers were reported, (b) shorts haven't been covered, just "restructured" or (c) OTC deals took place over the weekend.

I still believe WSB would have had a fighting chance if not for all the dirty punches, alas it will now likely either fizzle out or turn into a pump and dump attempt. Either way, that was over faster than I expected. I guess I'm too used to the honey badger that is Bitcoin.

I'll continue keeping an eye on the affair though. Last week was quite a ride, let's see if there's still any plot twists coming up.
779  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 02, 2021, 05:00:24 PM
Just when I thought I could finally go back to watching Bitcoin go sideways GME starts pumping again. Now we'll see what happens when people are finally allowed to buy shares again, not just sell them. Dead cat bounce or the beginning of a new squeeze attempt?

It’s a failing business with no future, this was always going to be a short term fix. Bitcoin on the other hand is the most ingenious invention of the last 100+ years, few understand this.

Current prices are decoupled from fundamentals, but I wouldn't be surprised if GME actually manages to turn the ship around given the new leadership in play. Still I feel more comfortable with Bitcoin than with stocks, for the most part.
780  Economy / Economics / Re: The GameStop drama and what does it mean for Bitcoin on: February 02, 2021, 12:03:03 PM
The one is realized losses, the other unrealized gains. Big difference as anyone who is in crypto should know Wink

And you have the data on all those share movements up to date? Or.....

I'm only referring to the quote you posted:

Quote
Nine investors, including large fund-running institutions like Fidelity's FMR and BlackRock (BLK) plus some well-positioned individuals like Chewy (CHWY) co-founder Ryan Cohen watched the value of their GameStop holdings soar more than $1 billion apiece just this year.
All told, these nine investors made a total of roughly $16 billion on their GameStop stakes, just in January. That means they grabbed roughly three-quarters of the $20.4 billion gain in the company's market value this year.

It literally refers to their GameStop holdings. IIRC due to insider-trading regulations Ryan Cohen is not even able to sell his holdings right now until after GameStop's earnings report in (presumably) March. All in all 32% of all outstanding shares are currently restricted:
https://finance.yahoo.com/quote/GME/key-statistics/

While the other institutional investors are a black box until after their holdings report 2.5 months from now, that's a lot of gains that can not be realized until after restrictions are lifted.


It's really funny though how this whole situation has escalated into a "stick it to the man" kinda thing.

Wonder how it started...oh wait!
Quote
What we are seeing is payback for 2008.
Who said that?  Cheesy Cheesy

I did, at the point where it escalated into a "stick it to the man" kinda thing Wink

As I posted above, it all started as value investing, with one guy getting invested mid 2019 in what he believed to be an undervalued company. He was mostly dismissed by the community until Ryan Cohen entered in 2020. It then grew further when Ryan Cohen became a board member early January. It escalated when GameStop got even more targeted by hedge funds and the short squeeze became -- arguably -- more than just a meme.

It's all part of the public record. You probably could even correlate GME's stock price with WSB posts and the events described above.
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