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

[d_eddie]

This explanation is not too convincing. If there was risk of funds disappearing, Wavecrest wouldn't have been appointed in the first place, I suppose. I would really like to know which specific rules were disattended.

Wavecrest has its official HQ in Gibraltar.... so most probably it's a KYC/AML thing, which makes much more sense when you also add cryptocurrencies to the equation. Also take into account the EU regulation regarding prepaid/debit/gift cards of over 100€.

I had a couple of those cards, and the KYC procedure was quite thorough in both cases. I'm afraid it's more of an AML thing, like Wavecrest refusing to provide the data to the "powers that be" without international court orders or similar compelling reasons. Unlike VISA, that chickens out at the mere lifting of an international eyebrow.

[bitserve]

This explanation is not too convincing. If there was risk of funds disappearing, Wavecrest wouldn't have been appointed in the first place, I suppose. I would really like to know which specific rules were disattended.

Wavecrest has its official HQ in Gibraltar.... so most probably it's a KYC/AML thing, which makes much more sense when you also add cryptocurrencies to the equation. Also take into account the EU regulation regarding prepaid/debit/gift cards of over 100€.

I had a couple of those cards, and the KYC procedure was quite thorough in both cases. I'm afraid it's more of an AML thing, like Wavecrest refusing to provide the data to the "powers that be" without international court orders or similar compelling reasons. Unlike VISA, that chickens out at the mere lifting of an international eyebrow.

Yes, most probably AML. I updated my previous post with a reference to banking secret that might apply here.

Gibraltar has many similarities to Andorra. In fact it is currently a way better "tax-heaven" than Andorra. Barclays has some nice setups there for... stuff. Or so I have heard.

[d_eddie]

This explanation is not too convincing. If there was risk of funds disappearing, Wavecrest wouldn't have been appointed in the first place, I suppose. I would really like to know which specific rules were disattended.

Wavecrest has its official HQ in Gibraltar.... so most probably it's a KYC/AML thing, which makes much more sense when you also add cryptocurrencies to the equation. Also take into account the EU regulation regarding prepaid/debit/gift cards of over 100€.

I had a couple of those cards, and the KYC procedure was quite thorough in both cases. I'm afraid it's more of an AML thing, like Wavecrest refusing to provide the data to the "powers that be" without international court orders or similar compelling reasons. Unlike VISA, that chickens out at the mere lifting of an international eyebrow.

Yes, most probably AML. I updated my previous post with a reference to banking secret that might apply here.

Gibraltar has many similarities to Andorra. In fact it is currently a way better "tax-heaven" than Andorra. Barclays has some nice setups there for... stuff. Or so I have heard.

Crypto (carding) is done. 

[bitserve]

This explanation is not too convincing. If there was risk of funds disappearing, Wavecrest wouldn't have been appointed in the first place, I suppose. I would really like to know which specific rules were disattended.

Wavecrest has its official HQ in Gibraltar.... so most probably it's a KYC/AML thing, which makes much more sense when you also add cryptocurrencies to the equation. Also take into account the EU regulation regarding prepaid/debit/gift cards of over 100€.

I had a couple of those cards, and the KYC procedure was quite thorough in both cases. I'm afraid it's more of an AML thing, like Wavecrest refusing to provide the data to the "powers that be" without international court orders or similar compelling reasons. Unlike VISA, that chickens out at the mere lifting of an international eyebrow.

Yes, most probably AML. I updated my previous post with a reference to banking secret that might apply here.

Gibraltar has many similarities to Andorra. In fact it is currently a way better "tax-heaven" than Andorra. Barclays has some nice setups there for... stuff. Or so I have heard.

Crypto (carding) is done.  

It will be back. With "more compliant" players in the game. They just want to make sure to cover all the money exits so that each and every profit is properly taxed.

[Deeyoh]

Just saw 799.2 Billion market cap.  Wow, right at 800 billion soon to 1 Trillion.

[European Central Bank]

Crypto (carding) is done. 

people with coinbase and american bitpay cards are fine. it's one crappy company being crappy. if a non crappy company shows up then the people who've lost cards will get other ones.

[d_eddie]

Crypto (carding) is done. 

people with coinbase and american bitpay cards are fine. it's one crappy company being crappy. if a non crappy company shows up then the people who've lost cards will get other ones.

You ECB, stop printing all those fancy euros before you call companies that help people save themselves from inflation "crappy"! 

Seriously, most of the companies that offered cards through Wavecrest have sent out emails to customers saying they will replace the cards (free of charge) as soon as they find a viable partner. I haven't received any such email yet, but it's still the weekend.

[European Central Bank]

You ECB, stop printing all those fancy euros before you call companies that help people save themselves from inflation "crappy"! 

Seriously, most of the companies that offered cards through Wavecrest have sent out emails to customers saying they will replace the cards (free of charge) as soon as they find a viable partner. I haven't received any such email yet, but it's still the weekend.

i think it's gonna take months or maybe never before they find replacements, especially for gbp cards. wavecrest was the only game in town for a lot of them.

[d_eddie]

You ECB, stop printing all those fancy euros before you call companies that help people save themselves from inflation "crappy"! 

Seriously, most of the companies that offered cards through Wavecrest have sent out emails to customers saying they will replace the cards (free of charge) as soon as they find a viable partner. I haven't received any such email yet, but it's still the weekend.

i think it's gonna take months or maybe never before they find replacements, especially for gbp cards. wavecrest was the only game in town for a lot of them.

I'm afraid it won't be much quicker for cards in euros, either.

[Last of the V8s]

I want to hear more affectionate names for Bitcoin Core like 'seg shit cripple corn'

'prb' as opp to 'trb' the real bitcoin
http://btcbase.org/log-search?q=prb
http://btcbase.org/log-search?q=power+rangers
bonus lolz https://bitcointalk.org/index.php?topic=152027.msg1621729#msg1621729 Re: In re Bitcoin Devs are idiots

[Toxic2040]

I want to hear more affectionate names for Bitcoin Core like 'seg shit cripple corn'

'prb' as opp to 'trb' the real bitcoin
http://btcbase.org/log-search?q=prb
http://btcbase.org/log-search?q=power+rangers
bonus lolz https://bitcointalk.org/index.php?topic=152027.msg1621729#msg1621729 Re: In re Bitcoin Devs are idiots

What happened...so many great names in that thread..back when talk was cutting edge...now its just us trolls hanging out.

The crazy part is that was 4 years ago!  Still havent implemented a solution....hmmm. 4 years is a eternity in coding.

[vapourminer]

Make non Segwit opt out and there's most of it cleared up. Same as organ donation. They flipped that from opt in to opt out recently in the UK. I expect many more people will be sliced up and glued into other people in future and rightfully so.

im an organ donor. with my early days hard partying lifestyle, my wife told me no one would want them. 

[savetherainforest]

BIG BLOCKER nutjobs REEEEEEEEE!

Suggest a better (implementable in the real world) alternative for getting more throughput. Any of you.

Probably almost no one understands that Satoshi put în place those limits and the voting system just for everyone to fight everyone, keeping them busy in time for the next diamond in the dust coin or token, all this while we are fighting each other.

[fluidjax]

Make non Segwit opt out and there's most of it cleared up. Same as organ donation. They flipped that from opt in to opt out recently in the UK. I expect many more people will be sliced up and glued into other people in future and rightfully so.

im an organ donor. with my early days hard partying lifestyle, my wife told me no one would want them. 

A major thing people forget when simply saying we need a small block size increase, is that it requires a HARD FORK.
This means that a whole bunch of people with 100,000's of Bitcoins are going to be pissed. MP & his group for one. Probably a number of others.

These people, along with many others will probably continue the existing chain, claiming it is the real Bitcoin. (Just like BClashic but much worse).
Imagine the damage that is going to do to Bitcoin, we must have  an overwhelming consensus otherwise it's going to be a clusterfuck!

[gentlemand]

A major thing people forget when simply saying we need a small block size increase, is that it requires a HARD FORK.
This means that a whole bunch of people with 100,000's of Bitcoins are going to be pissed. MP & his group for one. Probably a number of others.

These people, along with many others will probably continue the existing chain, claiming it is the real Bitcoin. (Just like BClashic but much worse).
Imagine the damage that is going to do to Bitcoin, we must have  an overwhelming consensus otherwise it's going to be a clusterfuck!

It's yet another angle to attack/annoy from so expect a 1MB chain to continue no matter what. Lord knows what they'd call it and whether they'd get rid of Segwit.

Gibraltar has many similarities to Andorra. In fact it is currently a way better "tax-heaven" than Andorra. Barclays has some nice setups there for... stuff. Or so I have heard.

I recommend a visit to Gibraltar. It's very weird and much more history than Andorra which feels like a place rebuilt after a flood washed the original society away. Cheaper ciggies too.

That entire area of Spain is basically kept afloat by the Spanish nipping through the gates, loading up on cigarettes and selling them back in Spain. La Linea de la Concepcion on the other side is a right fuckhole.

[conspirosphere.tk]

Probably almost no one does't understand that Satoshi put în place those limits and the voting system just for everyone to fight everyone, keeping them busy in time for the next diamond in the dust coin or token, all this while we are fighting each other.

everyone is free to fork off with their new and improved bitcoin instead of whining and bitching here to no end.

[fluidjax]

Probably almost no one does't understand that Satoshi put în place those limits and the voting system just for everyone to fight everyone, keeping them busy in time for the next diamond in the dust coin or token, all this while we are fighting each other.

everyone is free to fork off with their new and improved bitcoin instead of whining and bitching here to no end.

I don't think anyone doesn't understand that.
The point is, how do we reach agreement, not what to do if we can't agree.

[cAPSLOCK]

Serious question - do you think Dr Craig S Wright is Satoshi?

Peter - if you are reading this I'm also interested in your view as well.

I think JayJuanGee is most likely Satoshi and is trolling us all.

That's a cute dodge.  And here is a truth:

I think JayJuanGee is 10000x more likely to be Satoshi than Craig Wright.

[cAPSLOCK]

Serious question - do you think Dr Craig S Wright is Satoshi?

Peter - if you are reading this I'm also interested in your view as well.

I think JayJuanGee is most likely Satoshi and is trolling us all.

You are fucking ridiculous.

You come into this thread periodically and troll the thread with your BIG BLOCKER non-topical discussion points, your frequently passive aggressive attacks on bitcoin, and your various presentations about the many ways that bitcoin is supposedly broken, your recent pumping of bcash (acting like that is the "real" bitcoin vision), and then somehow you muster up additional arrogance to assert further bullshit and distractive accusations that others (more topical posters, such as yours truly) are trolls.    

Isn't there a bcash thread or a r/btc thread that needs your self-proclaimed "expertise?"  

BUSTED

It was a magnificent retort.  I am unignoring him.

[conspirosphere.tk]

everyone is free to fork off with their new and improved bitcoin instead of whining and bitching here to no end.

I don't think anyone doesn't understand that.
The point is, how do we reach agreement, not what to do if we can't agree.

we who? agree on what? bitcoin is the bitcoin currently bought and sold at $16K by those who vote by putting their coins/money where their mouth is. Those who disagree/don't like the product have infinite alternatives, including doing their own thing.