Last of the V8s
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Be a bank
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October 06, 2019, 09:17:52 AM |
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meanwhile, theymos: ... overconfidence is the biggest mistake you can make on anything. We're not living in a storybook, and we are not destined to win.
In the US I think it's very likely that someday soon a little provision will be tucked into a must-pass bill at the last minute requiring reporting all BTC holdings via FBAR. After that, while there's currently no momentum whatsoever for it, it'd be a fairly simple matter to someday say "turn over your bitcoins, which we know you have, or go to jail" (or "we can prove you have bitcoins, but you didn't report it, so you go to jail").
The push for regulation increases constantly, worldwide. Each regulation is a reduction in freedom and a weight around the BTC economy's neck. In the end, it's not unimaginable that someday BTC will technically not be restricted for end-users, but all legally-operating on-ramps and off-ramps will be forbidden from transferring BTC to/from non-KYC wallets, not even trustless wallets. People who stay within this legally-acceptable area would be using something no better than (and with no competitive advantage over) fiat in bank accounts.
It's not unimaginable that LN nodes, even though trustless and not holding any user BTC, will be harmfully regulated. And the same could be true of other methods of scaling, most of which have centralization trade-offs. (Including on-chain scaling, where the centralization trade-off is the reduction in the distribution and economic power of full nodes.)
If one of the biggest governments really wanted to destroy Bitcoin's value as a free economy at any cost (which seems very unlikely, but isn't impossible), they'd offer billions of dollars in subsidies to domestic miners, but also legally require that these domestic miners only mine transactions that have been approved by some government entity. Then when they had enough such miners, they'd also require that the miners only extend chains which fall under this regime, essentially doing a (illegitimate) softfork into a centralized coin. Bitcoin is not ruled by miners, so this wouldn't be the end of BTC, but it'd be extremely problematic, and perhaps the end of mainstream BTC.
Satoshi said, "Yes, [we will not find a solution to political problems in cryptography,] but we can win a major battle in the arms race and gain a new territory of freedom for several years." He didn't say that BTC can endure direct assault by major governments and come away completely unscathed; it can't. We should try to prevent the nightmare scenarios I mentioned (and others), hope for the best, but prepare for the worst. It's true that governments will never be able to completely stamp out cryptocurrency, but at some point oppression could reach levels where all BTC usage and development would have to move deeply into the shadows, which would greatly reduce Bitcoin's ability to impact the world. (At that point, BTC would hopefully become a small part of a wider revolution, and not just a fading remnant of freedom.)
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JSRAW
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October 06, 2019, 09:18:29 AM |
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So mic and JJG are 2 wonder-boys.
Anyways India won the Test game against SouthAfrica.
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Gyrsur
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Bitcoin Legal Tender Countries: 2 of 206
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October 06, 2019, 09:19:50 AM Last edit: October 06, 2019, 09:34:14 AM by Gyrsur |
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DON'T PANIC! the bottom is in. market places are out of new FIAT (for buying BTC) because of the weekend. 
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Last of the V8s
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October 06, 2019, 09:22:42 AM |
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So mic and JJG are 2 wonder-boys. [  ] Anyways India won the Test game against SouthAfrica. no de-merit it's not a fucking game
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JSRAW
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October 06, 2019, 09:27:16 AM |
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So mic and JJG are 2 wonder-boys. [  ] Anyways India won the Test game against SouthAfrica. no de-merit it's not a fucking game fillippone's stats World Test Champion ship India Vs Australia in lords 
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Last of the V8s
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October 06, 2019, 09:33:30 AM |
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 welcome
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JSRAW
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October 06, 2019, 09:42:17 AM |
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Just kidding, English team is strong too 
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realr0ach
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#TheGoyimKnow
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October 06, 2019, 09:43:13 AM |
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emphasis mine
These grandiose, 'I'm pretending to be a French aristocrat', Popescu posts are unbearable. How about switching to something like a Trump tweet writing style instead. Or James Brown, high on cocaine random yelling. Anything will do.
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Gyrsur
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Bitcoin Legal Tender Countries: 2 of 206
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October 06, 2019, 09:45:14 AM |
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Apparently I got lucky with my sophisticated SOMA analysis. I could have made the short even larger - in the same ballpark as (or bigger than) the long - and profit double (or more). Not closing it yet, because my SOMA tools do not provide any timing info on the incoming run up yet.
This does not mean I'm happy.
what does SOMA mean  EDIT: SOMA == sophisticated moving averages ?
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Last of the V8s
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Gyrsur Gyrsur Gyr- Sir. 'tis intolerable! 'Straight Out of My Arse'
strictly, eddie's 'ass' but let's not go there, I mean orthography-wise
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nutildah
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October 06, 2019, 10:00:29 AM |
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Imminent Rebound is Imminent
A quiet Sunday evening The corn doesn't like being Much under $8k
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realr0ach
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#TheGoyimKnow
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October 06, 2019, 10:03:50 AM |
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What are you supposed to be for Halloween, Nutildah? A bitch?
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Lambie Slayer
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The real question we should ask is... who teh fuck is selling from these low ass prices? Who is that moron I wonder? What does he aim for? Trying to scare the newbies? Trying to get cheap coins? What?
The ones selling are the ones who Fomo'd in while we were parabolic at 9k, 10k, 11k, 12k, and 14k. They are cutting losses and some are outright panic selling. These arent true believers, just fair weather fans who jumped in after seeing price triple in a matter of weeks. This wont stop till they are rekt. Almost there though. They were morons for Fomoing more than they could afford to lose, and they are morons for panic dumping when we will be over 100k in a few years or less. The stripes dont change, just the trend.
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El duderino_
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BTC + Crossfit, living life.
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October 06, 2019, 10:13:41 AM |
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So mic and JJG are 2 wonder-boys.
Anyways India won the Test game against SouthAfrica.
I not caught up, but why am I in a group with JJG??
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Last of the V8s
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Merit: 4393
Be a bank
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October 06, 2019, 10:19:51 AM |
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mic, most merits this month or something like that
wrong account, kell?
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JSRAW
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October 06, 2019, 10:28:15 AM |
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Yeah merit stats.
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LFC_Bitcoin
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So mic and JJG are 2 wonder-boys.
Anyways India won the Test game against SouthAfrica.
I not caught up, but why am I in a group with JJG?? It was a discussion - The two most likely WO’s to date in the future. 
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Lambie Slayer
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October 06, 2019, 10:31:22 AM |
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So mic and JJG are 2 wonder-boys.
Anyways India won the Test game against SouthAfrica.
I not caught up, but why am I in a group with JJG?? It was a discussion - The two most likely WO’s to date in the future.  Xhomer may have to make a No Homo hat.
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El duderino_
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BTC + Crossfit, living life.
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October 06, 2019, 10:32:12 AM |
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Imminent Rebound is Imminent
A quiet Sunday evening The corn doesn't like being Much under $8k
Where are you from bro? Quiet Sunday afternoon! Though for me it is. Philippines correct. Remember the san miguel's... Not the best beer though 
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El duderino_
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Activity: 2786
Merit: 13788
BTC + Crossfit, living life.
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October 06, 2019, 10:35:53 AM |
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So mic and JJG are 2 wonder-boys.
Anyways India won the Test game against SouthAfrica.
I not caught up, but why am I in a group with JJG?? It was a discussion - The two most likely WO’s to date in the future.  via Imgflip Meme Generator
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