Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Rosewater Foundation]

I am starting to realize that the very obvious problem here in French Polynesia when it comes to crypto is that there is no bitcoin exchange here.

I am considering changing that. I will be talking to the heads of the three banks here in Tahiti along with regulators to get a feel for how much resistance I will run into if I put up an exchange.

If all goes well, are there any open source solutions out there to give me a template to get started on setting up an exchange? It would seem that with so many exchanges being hacked there would be some open source out there so more eyes can be on it.

https://spectrocoin.com/en/bitcoin-in-French-Polynesia.html

[Elwar]

I am starting to realize that the very obvious problem here in French Polynesia when it comes to crypto is that there is no bitcoin exchange here.

I am considering changing that. I will be talking to the heads of the three banks here in Tahiti along with regulators to get a feel for how much resistance I will run into if I put up an exchange.

If all goes well, are there any open source solutions out there to give me a template to get started on setting up an exchange? It would seem that with so many exchanges being hacked there would be some open source out there so more eyes can be on it.

https://spectrocoin.com/en/bitcoin-in-French-Polynesia.html

Interesting. I did see some kid here use Payeer as his Bitcoin wallet. But I think he used it for some dollar transaction or something.

Edit: After checking it out I can't transfer CFP to it.

I was told there's no local credit cards. Just a bank type of card.

[Rosewater Foundation]

I am starting to realize that the very obvious problem here in French Polynesia when it comes to crypto is that there is no bitcoin exchange here.

I am considering changing that. I will be talking to the heads of the three banks here in Tahiti along with regulators to get a feel for how much resistance I will run into if I put up an exchange.

If all goes well, are there any open source solutions out there to give me a template to get started on setting up an exchange? It would seem that with so many exchanges being hacked there would be some open source out there so more eyes can be on it.

https://spectrocoin.com/en/bitcoin-in-French-Polynesia.html

Interesting. I did see some kid here use Payeer as his Bitcoin wallet. But I think he used it for some dollar transaction or something.

For $3k a piece you can huck a mess of these everywhere.



I'm actually surprised none of us has ever talked about owning one

[criptix]

I am starting to realize that the very obvious problem here in French Polynesia when it comes to crypto is that there is no bitcoin exchange here.

I am considering changing that. I will be talking to the heads of the three banks here in Tahiti along with regulators to get a feel for how much resistance I will run into if I put up an exchange.

If all goes well, are there any open source solutions out there to give me a template to get started on setting up an exchange? It would seem that with so many exchanges being hacked there would be some open source out there so more eyes can be on it.

https://spectrocoin.com/en/bitcoin-in-French-Polynesia.html

Interesting. I did see some kid here use Payeer as his Bitcoin wallet. But I think he used it for some dollar transaction or something.

For $3k a piece you can huck a mess of these everywhere.



I'm actually surprised none of us has ever talked about owning one

Running a BTC ATM is troublesome because depending on your location you will need to have certain kind of license. :/


Btw. Seems im a really good netizen of bitcointalk.

My social credit seems pretty high

[Elwar]

I am starting to realize that the very obvious problem here in French Polynesia when it comes to crypto is that there is no bitcoin exchange here.

I am considering changing that. I will be talking to the heads of the three banks here in Tahiti along with regulators to get a feel for how much resistance I will run into if I put up an exchange.

If all goes well, are there any open source solutions out there to give me a template to get started on setting up an exchange? It would seem that with so many exchanges being hacked there would be some open source out there so more eyes can be on it.

https://spectrocoin.com/en/bitcoin-in-French-Polynesia.html

Interesting. I did see some kid here use Payeer as his Bitcoin wallet. But I think he used it for some dollar transaction or something.

For $3k a piece you can huck a mess of these everywhere.



I'm actually surprised none of us has ever talked about owning one

We were looking into putting a bitcoin ATM at the airport here.

But again...it comes down to the fact that there is no exchange here. People putting their CFP into the machine and getting bitcoins would mean I would need to take that CFP and convert it to bitcoins.
At the moment the way to do that is to wire CFP into Euros to a bank in Europe and then wire your euros to a European bitcoin exchange.

Same process for getting BTC to CFP.

We already have the government contacts for the seastead. We will see if we can talk to the same folks about allowing a Bitcoin exchange.

[windjc]

I'll have to talk to Jimbo. The ATM I was looking at was looking to really squeeze me.

Go though the rates for all your nearest ATMs shown on coinatmradar until you find one that's not ripping you off.

https://coinatmradar.com/

This post explains how Jimbo does it. He said in other posts that he has to shop around until he finds one with a rate he likes. Some of them have a constantly changing rate.

Did your ATM let you withdraw 2 $2.5k transactions anonymously (without ID) a few weeks ago? I assumed you must have provided ID scans to get that kind of limit allowed.

No ID required. To maintain a daily limit for the purpose of AML laws, they require a cell phone on which you can receive text messages.

To sell coins, you enter your cell number and they immediately text you a code number to enter into the ATM. This unlocks the ATM and allows you to do the transaction. After you have specified the amount of the transaction, it displays a QR code to scan with your mobile hot wallet.

It then tells you to wait for the transaction to be confirmed by the network. I always include a priority fee and it has always been included in the next block. After it has been confirmed, it texts you and tells you to return to the ATM and tap "redeem".  They then text you another code number. When you enter that number it immediately starts spitting out $100 bills.

The time it takes for the whole process depends on the time it takes to confirm the TX. It has never taken me more than a half hour.

The cell phone I use is an anonymous pay-as-you-go Speakout flip-phone from a 711 store. I have several of them (all free from promotions) in case I ever need to exceed my daily limit. Because Speakout allows free texting even when the time has run out, they cost nothing and are always available.

The Android device I use for the Mycellium wallet to sweep a paper wallet and send the coins, is a cheapie Blu phone they were giving away for free for buying an air-time top-up in a holiday promotion a couple of years ago. To get Android to boot up I had to insert a SIM card but I found that a non-activated card worked just fine. The SIM card was also free in a promotion and fully anonymous. I connect to the network via free wifi from a donut shop next door. Of course the Android phone has never been connected to my home wifi nor been associated with my identity in any way.

Needless to say, I never connect to Google or Playstore. I installed Mycellium from an APK file downloaded on a Windows PC from the Mycellium website.

Buying coins is even easier. You simply tap "buy", scan the QR code for your paper wallet's public key, and start feeding in cash. No phones or devices required.

I'll never understand why people have a problem with paper wallets. They're easy to use and and offer the ultimate in security.

Well you aren't in the USA where they have cameras and datapoints of your existence everywhere.. there are at least 8-10 people and a supercomputer assigned to EACH civilian.. lab animals have more freedom

Lol. So in America there are 350 million supercomputers and between 2.8 billion and 3.5 billion people assigned to track all the 350 million civilians? Lol. Sounds legit.

Conspiracy theorists =/logic

[Rosewater Foundation]

We were looking into putting a bitcoin ATM at the airport here.

But again...it comes down to the fact that there is no exchange here. People putting their CFP into the machine and getting bitcoins would mean I would need to take that CFP and convert it to bitcoins.
At the moment the way to do that is to wire CFP into Euros to a bank in Europe and then wire your euros to a European bitcoin exchange.

Same process for getting BTC to CFP.

We already have the government contacts for the seastead. We will see if we can talk to the same folks about allowing a Bitcoin exchange.

I see what you mean.
Open source exchange template seems like a really good idea.

[Elwar]

Was observing the wall and saw this thing pop up for a quick second:

[Syke]

It's over 7000!!!

Hmm ... just doesn't quite have the same ring to it.

[RoomBot]

C'mon corn!

If Jesus could do it, I bet you can too!

Easter on April Fool's Day on BitcoinTalk.

What could go wrong?

[cAPSLOCK]

C'mon corn!

If Jesus could do it, I bet you can too!

Easter on April Fool's Day on BitcoinTalk.

What could go wrong?

You had to go and ask that.  Without a thought to the orphans!

[Rosewater Foundation]

Who let the orphans on the train?

[Toxic2040]

I am starting to realize that the very obvious problem here in French Polynesia when it comes to crypto is that there is no bitcoin exchange here.

I am considering changing that. I will be talking to the heads of the three banks here in Tahiti along with regulators to get a feel for how much resistance I will run into if I put up an exchange.

If all goes well, are there any open source solutions out there to give me a template to get started on setting up an exchange? It would seem that with so many exchanges being hacked there would be some open source out there so more eyes can be on it.

https://bitcointalk.org/index.php?topic=1843775.0

https://github.com/peatio/peatio

There are a few options for OS exchanges..   I would make sure you have at least one full stack engineer who is competent and also trustworthy before attempting anything. ymmv.

[Elwar]

I am starting to realize that the very obvious problem here in French Polynesia when it comes to crypto is that there is no bitcoin exchange here.

I am considering changing that. I will be talking to the heads of the three banks here in Tahiti along with regulators to get a feel for how much resistance I will run into if I put up an exchange.

If all goes well, are there any open source solutions out there to give me a template to get started on setting up an exchange? It would seem that with so many exchanges being hacked there would be some open source out there so more eyes can be on it.

https://bitcointalk.org/index.php?topic=1843775.0

https://github.com/peatio/peatio

There are a few options for OS exchanges..   I would make sure you have at least one full stack engineer who is competent and also trustworthy before attempting anything. ymmv.

I would be such an engineer...though my DB skills are not the best. Never have been.

[Elwar]

It's over 7000!!!

Hmm ... just doesn't quite have the same ring to it.

I was looking at the huge sell wall on the bottom that appeared briefly.

[Rosewater Foundation]

[Jacques_Bittard]

The best thing to hope for in this situation would be a fast and deep drop. It would at least temporarily shake things up and make the crypto game fun again. This probably won't happen, because a slow bleed is most profitable to the few, who own most of this market. Everyone else should "HODL tight", until they are unloading their "digital hope" into real wealth. This is the never-ending cycle of crypto-gambling.

[HairyMaclairy]

The best thing to hope for in this situation would be a fast and deep drop. It would at least temporarily shake things up and make the crypto game fun again. This probably won't happen, because a slow bleed is most profitable to the few, who own most of this market. Everyone else should "HODL tight", until they are unloading their "digital hope" into real wealth. This is the never-ending cycle of crypto-gambling.

You sound like someone with a two year investment time horizon. 

[JayJuanGee]

Shit how did btctalk know how many coins I had? Must be running some badass analytics.

Wait a minute... JayGuanGee: Politeness: 2280... hahahahahaha

From the way, Theymos explained the algorithm here, there seems to be a certain advantage with both wordiness and number of posts, because the more words and posts, then the more points users would get from some of the target words.

[jojo69]

Lol. So in America there are 350 million supercomputers and between 2.8 billion and 3.5 billion people assigned to track all the 350 million civilians? Lol. Sounds legit.

Conspiracy theorists =/logic

we outsource most of the surveillance to India