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

[sirazimuth]

a great mood, and readable posts.

I saw what you did there!....lmao

[sirazimuth]

There are no new scams under the sun.
How very dull.

An appeal to the governments of the soi-disant nation states:
I would like to see new and more entertaining scammers, please.

Here ya go mate...YW!

http://lmgtfy.com/?q=more+entertaining+scammers

[bitserve]

Just for the lulz, this is what a friend just received after sending his documents for verification to Bitstamp:

Dear XXXXXXXXXXXXXX,

thank you for submitting your verification request.

During the review of your verification request, we have identified you as a potential politically exposed person (PEP).

Due to our internal compliance policies we kindly ask you to provide additional information about yourself by answering the following KYC questionnaire:

1. Do you/did you hold a position of Councillor, XXXXXXXXXXXXX?
[snip]

Things are getting weirder every day in Bitcoinland....

[gentlemand]

we have identified you as a potential politically exposed person (PEP).

If you're tagged with this you're seriously fucked. It can be impossible to get a normal bank account, let alone anything else. And you don't have to do anything wrong to be branded with it.

[Heater]

There are no new scams under the sun.
How very dull.

An appeal to the governments of the soi-disant nation states:
I would like to see new and more entertaining scammers, please.

How is this for a new scam idea - send me 500BTC and I will send you an image of my own creation, with a resolution of 1280x960 - great for a desktop background.

Oh sorry - someone has already SUCCESSFULLY done this back in the day.
https://bitcointalk.org/index.php?topic=25

Proof - the address still has $4m
https://blockchain.info/address/1BHtsCnpmTvpgJEP7eMKEVhpJFunxSM8vq

[becoin]

Just for the lulz, this is what a friend just received after sending his documents for verification to Bitstamp:

Dear XXXXXXXXXXXXXX,

thank you for submitting your verification request.

During the review of your verification request, we have identified you as a potential politically exposed person (PEP).

Due to our internal compliance policies we kindly ask you to provide additional information about yourself by answering the following KYC questionnaire:

1. Do you/did you hold a position of Councillor, XXXXXXXXXXXXX?
[snip]

Things are getting weirder every day in Bitcoinland....

Not new.
Politicians are not allowed to buy bitcoins. They should keep the status quo. Thats why they were elected to be elected!

'If voting made any difference they wouldn't let us do it.' ...
Mark Twain

[Elwar]

Ya, I've been trying for a few months to get my btc-e wex.nz account back. They have a handy verification page when you try to log in so I was going through all of the steps, name, no problem, citizenship...*searches for United States* *checks for any way to input United States*, nope. I live in Korea so I put South Korea since it's an option. I input my Korean address, my Korean ID, my Korean utility statement.

*denied* 'please include a scan of your passport'

hmm...you're not going to like this buy my passport shows I am a United States citizen...which I cannot choose as an option.

If Namecoin ever goes to the moon I'll have to get a second passport just to get my NMC from Wex. I had 21k NMC before they went down. They have every incentive to not let me back in.

[bitserve]

we have identified you as a potential politically exposed person (PEP).

If you're tagged with this you're seriously fucked. It can be impossible to get a normal bank account, let alone anything else. And you don't have to do anything wrong to be branded with it.

But he is not and never have been a politician. It doesn't make any sense.

[600watt]

BCH was dead until Segwit2X died...now it's a thing again.

Until January when Coinbase releases peoples' BCH to the millions of users that like free money.

that is why they are going to fork bcash into bcash+ on jan 2nd...  

[gentlemand]

But he is not and never have been a politician. It doesn't make any sense.

It's not just politics. I've heard of it happening to executives, businessmen, law enforcement. They get particularly funny if you've lived and worked abroad. It's your home country that fucks you with it.

It is -

a) an individual who is or has, at any time in the preceding year, been entrusted with a prominent public function by—
(i) a state other than the United Kingdom;
(ii) a Community institution; or
(iii) an international body,

And it doesn't even have to be you. If a family member or 'close associate' gets branded you might too.

Under those circumstances they should automatically credit you with BTC.

[bitserve]

Just for the lulz, this is what a friend just received after sending his documents for verification to Bitstamp:

Dear XXXXXXXXXXXXXX,

thank you for submitting your verification request.

During the review of your verification request, we have identified you as a potential politically exposed person (PEP).

Due to our internal compliance policies we kindly ask you to provide additional information about yourself by answering the following KYC questionnaire:

1. Do you/did you hold a position of Councillor, XXXXXXXXXXXXX?
[snip]

Things are getting weirder every day in Bitcoinland....

Not new.
Politicians are not allowed to buy bitcoins. They should keep the status quo.

'If voting made any difference they wouldn't let us do it.' ...
Mark Twain

Didn't know politicians weren't allowed to buy Bitcoins. I supposse it is irony?

Anyway. he isn't nowhere near a politician. I wonder what ridiculous database they are using.

[Elwar]

I hope no politician can buy bitcoins. So when their currency collapses they die cold and hungry on the streets.



Too much?

[BTCMILLIONAIRE]

I hope no politician can buy bitcoins. So when their currency collapses they die cold and hungry on the streets.



Too much?

Sounds fair to me.

[LewisPirenne]

FUD?  Who knows.

Tencent reported that Sichuan has issued a notice indicating that all BTC production is ILLEGAL.  Thus all hydro power plants are to cut off electricity supplies or face penalty.

The second image is the supposedly "official document".

As I discussed before, those miners ship their Antminers to KangDing in Sichuan during Spring as the Himalaya melts and water flow downstream into Sichuan for cheap electricity from hydro power.  Miners ship their Antminers back to coal producing region like Inner Mongolia during winter as the Tibetan plateau freezes up and electricity cost doubles.  Just to note that it is almost winter now.

Edit: Just to note that this is actually "Bullish" for BTC as it will effectively kill off those Bitmain mining farms, if true, or at least increase electricity cost significantly.  So that individual miners actually have a chance to mine if profitability allows.

[monsanto]

FUD?  Who knows.

Tencent reported that Sichuan has issued a notice indicating that all BTC production is ILLEGAL.  Thus all hydro power plants are to cut off electricity supplies or face penalty.

If Chinese gov't follows the pattern they used with exchange FUD, after they have made a profit from their shorts, they will go long and announce it's not illegal, just some new minor restrictions. Usually after a few days of confusion.

[fluidjax]

FUD?  Who knows.

Tencent reported that Sichuan has issued a notice indicating that all BTC production is ILLEGAL.  Thus all hydro power plants are to cut off electricity supplies or face penalty.

The second image is the supposedly "official document".

As I discussed before, those miners ship their miners to KangDing in Sichuan during Spring as the Himalaya melts and water flow downstream into Sichuan for cheap electricity from hydro power.  Miners ship their Antminers to coal producing region like Inner Mongolia during winter as the Tibetan plateau freeze up and electricity cost doubles.  Just to note that it is almost winter now.

Edit: Just to note that this is actually "Bullish" for BTC as it will effectively kill off those Bitmain mining farms, if true, or at least increase electricity cost significantly.  So that individual miners actually have a chance to mine if profitability allows.

This is good news, without the cheap electricity subsidy perhaps everyone will be able to compete fairly.

If mining is banned in China, the mining operations can probably easily move to neighbouring countries, who I'm sure will be very happy to take a slice of their profits through some sort of taxation.

[flynn]

copy-paste image to google translate ... grmblblbl doesn't work dammit

[monsanto]

copy-paste image to google translate ... grmblblbl doesn't work dammit

Try googling "Chinese FUD" instead  

[BTCMILLIONAIRE]

FUD?  Who knows.

Tencent reported that Sichuan has issued a notice indicating that all BTC production is ILLEGAL.  Thus all hydro power plants are to cut off electricity supplies or face penalty.

The second image is the supposedly "official document".

As I discussed before, those miners ship their Antminers to KangDing in Sichuan during Spring as the Himalaya melts and water flow downstream into Sichuan for cheap electricity from hydro power.  Miners ship their Antminers back to coal producing region like Inner Mongolia during winter as the Tibetan plateau freezes up and electricity cost doubles.  Just to note that it is almost winter now.

Edit: Just to note that this is actually "Bullish" for BTC as it will effectively kill off those Bitmain mining farms, if true, or at least increase electricity cost significantly.  So that individual miners actually have a chance to mine if profitability allows.

http://8btc.com/data/attachment/forum/201711/14/183317v6w7rmbi1916l95v.png

https://pbs.twimg.com/media/DOlnUdhXcAA_Vtk.jpg

Karma much?

Hopefully it is true and not fake news.

[LewisPirenne]

It says,

"Emergency notice concerning the prohibition of Bitcoin production"

"Bitcoin production is an illegal operation.  All power plants would thus be engaging in illegal operation (by supplying electricity to the said operation).  From the date of reception of this notice, all power plants are to stop (aiding) Bitcoin production.  Electricity production are now to be controlled and distributed via *Name* power substation.  All illegal supply of electricity will be cut off from the power grid and face penalty.  National Sichuan *Name* Power Corporation."