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Question: Is the Bitcoin protocol's privacy "good enough"?
Yes - 15 (32.6%)
No - 14 (30.4%)
Not yet, but it will be after the taproot upgrade - 17 (37%)
Total Voters: 46

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25438244 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (157 posts by 13+ users deleted.)
HairyMaclairy
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December 02, 2018, 04:22:01 AM

I think Toxic is referring to this

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December 02, 2018, 04:40:07 AM

   $200: An altcoin is anything other than ____?
    $400: This rapper killed Coinye.
    $600: Each transaction is [in]a block connected in these digital ledgers that enable crypto to work.
    $800: This 3-letter chat app created a currency similar to its name Kin.
    $1000: Which country created the Petro?
https://sludgefeed.com/cryptocurrencies-featured-on-jeopardy/

Pretty cool.

"Interesting(ly), the category was left untouched until the end of the round..."

I'm surprised they included #4, I don't think most crypto people (or anybody) knows what Kik is... I only know about it because I write about obscure coins for my job.

I have heard of some extremely obscure coins (like potato coin), but never heard of kik.
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December 02, 2018, 04:43:43 AM

Does this help?



PoolMinor
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December 02, 2018, 04:51:53 AM


Now you are just making a spectacle of yourself.  Cheesy
criptix
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December 02, 2018, 05:05:49 AM

Rip
HairyMaclairy
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December 02, 2018, 05:06:58 AM
Last edit: December 02, 2018, 05:24:35 AM by HairyMaclairy

Slow and lazy dump



Edit: support at $4060 broken now.  Bearish.
jojo69
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December 02, 2018, 05:24:12 AM

I think Toxic is referring to this



Perhaps I am drunk, I don't see it.

no perhaps about it

I am drunk
HairyMaclairy
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December 02, 2018, 05:27:24 AM

I still don't understand how you draw your lines. The top of the wick at 4265 @ 15:00 and then the close at 03:00. non-continuity

The line was drawn to the top of the first wick and continued out as a guide.  Subsequent candles happened to wick above it but closed below it which reinforced it in my mind as a resistance line so I didn't bother redrawing it.  YMMV.  

Edit:  You can see the same thing on the bottom line - I matched the two wicks very close together at the start but didnt bother redrawing for subsequent wicks.  

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December 02, 2018, 05:29:22 AM

Slow and lazy dump



Edit: support at $4060 broken now.  Bearish.

Back to the high 3ks it is.. I hope. Still, made a nice ROE on the small slope up.
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December 02, 2018, 05:30:20 AM

I still don't understand how you draw your lines. The top of the wick at 4265 @ 15:00 and then the close at 03:00. non-continuity

The line was drawn to the top of the first wick and continued out as a guide.  Subsequent candles happened to wick above it but closed below it which reinforced it in my mind as a resistance line so I didn't bother redrawing it.  YMMV. 

OK, I will try to avoid criticizing your charts publicly. Since I am the only one that cares about my opinion on the subject.
 Tongue
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December 02, 2018, 05:31:24 AM
Merited by goldkingcoiner (1)

I am more than happy to be critiqued.  It makes me better.  Please don't stop.  So I care about your opinion Smiley
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December 02, 2018, 05:34:23 AM

Does this help?




Now you are just making a spectacle of yourself.  Cheesy

RotflmFao.

The Potheads will bring us back to 4200 and that is SOMA!

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December 02, 2018, 05:40:44 AM

Does this help?




Now you are just making a spectacle of yourself.  Cheesy

RotflmFao.

The Potheads will bring us back to 4200 and that is SOMA!



SOMA?

Self-Oscillating Mixer Array?

https://acronyms.thefreedictionary.com/SOMA
bitserve
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December 02, 2018, 05:43:36 AM

Looks like I arrive in time for the dump.

Anyways...

About the Bitfinex request for (impossible) information, I repeat it is NOT ME who received it. That doesn't change the fact that those are some risks out there.

I, for one, understand that exchanges need to enforce KYC/AML. It is not that they want, it is that they need to do it if they want to stay in business. And we do want them to stay in business.... as we would need the news of any major exchange being shutdown for "money laundering" as much as we do need a shot in the head.

It is some of the particular data they are asking what really worries me. When you start requesting more data than even myself do exactly know or could provide detailed proof is when things start to get shaddy. Or when you request documents (such as an official translated/notarised) document that costs money IF it would be possible to get....

And that thing that you can't blend watermarks (date and logo of the intended recipient) as I used to do in the past, when that adds security for everyone involved:

- I know the identikit I am sending them won't be able to get used at another place if they have some leak.

- They know the identikit they are receiving doesn't come from another place that had some leak.

- If a place have some leak, it will be quickly determined the origin of the leak.

... To be honest I have also had problems with banks for adding watermarks.... which still sucks for the very same reasons.

The thing is.... IF Bitcoin keeps growing expect much more regulation and controls to be growing along. Some will be good for us, but some will be a fucking pain in the ass. If someone thinks Bitcoin will be allowed to grow while staying below the radar and controls he is delusional. Sorry for being the messenger of bad news guys.







Hueristic
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December 02, 2018, 05:49:52 AM


SOMA?

Self-Oscillating Mixer Array?

https://acronyms.thefreedictionary.com/SOMA

No, it's a much tighter algorithm than that!

It's closer to this.

Looks like I arrive in time for the dump.

PoolMinor
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December 02, 2018, 05:53:14 AM


RotflmFao.

The Potheads will bring us back to 4200 and that is SOMA!




SOMA?

Self-Oscillating Mixer Array?

https://acronyms.thefreedictionary.com/SOMA

No, it's a much tighter algorithm than that!

It's closer to this.

Looks like I arrive in time for the dump.


Smoking Outstanding Marijuana, Aye!
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December 02, 2018, 05:57:46 AM

It looks like a head and shoulders on the 1 h chart mhm
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December 02, 2018, 05:59:36 AM

About why we do use exchanges instead of other gateways:

- Localbitcoins: It has way higher fees, you need to deal with potential scammers (yeah, higher potential than exchanges), it's cumbersome, and you risk being accused of illicit activities (ie: unlicensed money transmitter).

- Bitcoin ATM's: Again higher fees than exchanges. Low amount limits. Also KYC/AML for higher amounts.

- Also some of us do like to trade real time. That's only possible to do with exchanges. If you don't, ok, this doesn't apply to you but all the rest do.

- To buy/sell other alt/shitcoins? Yeah, again, some of us do in spite if that is a good or bad idea, that's not the point.

- Also, I have a nice trace of documents proving all my transfers from the banks to the exchanges to buy Bitcoin. That might come handy some day. More so if the day comes where I withdraw a big FIAT amount back to the very same banks.

ANd yeah, not your keys not your bitcoins.... most of my BTC is under my sole control, but I do accept some small amount to be temporarily controlled by a third party (exchanges) under an OUI because of the above reasons. Call it convenience. That amount is proportionally smaller (in BTC) as the time pass. I feel reasonably (not fully) comfortable with my current ratio.
PoolMinor
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December 02, 2018, 06:03:10 AM

It looks like a head and shoulders on the 1 h chart mhm

Looking like a 2 heads and a left shoulder to me.
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December 02, 2018, 06:08:11 AM
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Looks like I arrive in time for the dump.

Anyways...

About the Bitfinex request for (impossible) information, I repeat it is NOT ME who received it. That doesn't change the fact that those are some risks out there.

I, for one, understand that exchanges need to enforce KYC/AML. It is not that they want, it is that they need to do it if they want to stay in business. And we do want them to stay in business.... as we would need the news of any major exchange being shutdown for "money laundering" as much as we do need a shot in the head.

It is some of the particular data they are asking what really worries me. When you start requesting more data than even myself do exactly know or could provide detailed proof is when things start to get shaddy. Or when you request documents (such as an official translated/notarised) document that costs money IF it would be possible to get....

And that thing that you can't blend watermarks (date and logo of the intended recipient) as I used to do in the past, when that adds security for everyone involved:

- I know the identikit I am sending them won't be able to get used at another place if they have some leak.

- They know the identikit they are receiving doesn't come from another place that had some leak.

- If a place have some leak, it will be quickly determined the origin of the leak.

... To be honest I have also had problems with banks for adding watermarks.... which still sucks for the very same reasons.

The thing is.... IF Bitcoin keeps growing expect much more regulation and controls to be growing along. Some will be good for us, but some will be a fucking pain in the ass. If someone thinks Bitcoin will be allowed to grow while staying below the radar and controls he is delusional. Sorry for being the messenger of bad news guys.









They never do these AMLs in the beginning. Its always when you are about to withdraw or deposit a large amount.

And they have the balls to temporarily halt everything until it is finished...

Every additional day they hold your funds with them, the more they can earn from those funds. Your funds don’t sit in an account idle, your funds are in an omnibus account which earns interest. This interest doesn’t come to you, it goes to their exchange and is a revenue generating mechanism. For delayed payments, it would be prudent to send them an interest claim legal notice. Then we’ll see how fast they’ll move to get the funds out of their system and into yours. Moreover, you should know that they are also using your money to fund their working capital. Per FCA client money regulations, all client assets need to be segregated in a segregation account.

And who is to say these shady fucks won't sell/use your information? Or their exchange is "hacked" and so is your info?

Nobody should not be interfering until the coins are cashed for fiat. Then the banks/government can go ahead and demand such info from you.

NOT YOUR KEYS NOT YOUR COINS
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