d_eddie
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Excellent piece IMO. It voices doubts the keen observer may already have started to nurse, in plain language with a bird's view. Thanks Wekkel. +1 WOsMerit
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OutOfMemory
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Activity: 1596
Merit: 3157
Man who stares at charts
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January 17, 2021, 10:21:51 PM |
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buying 0.007 BTC ($250) seems a bit strange...
I'm a gay dude sent here from Planet Anus, to make everyone on Planet Earth homosexual, ushering in the Age of Aquarius. How DARE YOU talk to me about strange. If I had your corn I wouldn't mind being a degerate, filthy, COVID-infected gay (can I be Bi?), rusty pipe included. Yes, I admit it, I'm a BTC whore, I'd do anything for corn. rusty pipe for corn? i had to read it twice, man. looks like an offer. Bitcoin sleepy is usually good.
You can't wake it up if it isn't sleeping
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Hueristic
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Activity: 3864
Merit: 5078
Doomed to see the future and unable to prevent it
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January 17, 2021, 10:41:04 PM |
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buying 0.007 BTC ($250) seems a bit strange...
I'm a gay dude sent here from Planet Anus, to make everyone on Planet Earth homosexual, ushering in the Age of Aquarius. How DARE YOU talk to me about strange. If I had your corn I wouldn't mind being a degerate, filthy, COVID-infected gay (can I be Bi?), rusty pipe included. Yes, I admit it, I'm a BTC whore, I'd do anything for corn. Sounds like a salmon slapping offer, I guess I could chip in for that but I'll be damned if I'll watch that video!
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samson
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Activity: 2097
Merit: 1070
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January 17, 2021, 10:44:12 PM |
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Just a hunch but I have a feeling the price might rise by between around ~$1.8 and $2k in the next 90 minutes to turn the weekly candle green. It was at that level less than 2 hours ago - so it's very possible and 'paints a nicer picture'....
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cAPSLOCK
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Activity: 3752
Merit: 5142
Whimsical Pants
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January 17, 2021, 11:26:28 PM |
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Wait... Crypto custody is a case of not-your-keys, right? The thing about custody is that it's guaranteed, often backed by insurance. This is how their Institutional Fractional Reserve System will make inroads. EDIT: machasm beat me to it. What’s to stop banks from running fractional reserve practices on our Bitcoin and putting us back in the same shithole Bitcoin was designed to get us out of?
I think the answer is it is Russian roulette. Bitcoin is an instantly transferable bearer asset. There is NO lender of last resort. And of course no one HAS to use these services.
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Hueristic
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Activity: 3864
Merit: 5078
Doomed to see the future and unable to prevent it
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January 17, 2021, 11:42:57 PM Last edit: January 19, 2021, 03:19:02 AM by Hueristic Merited by JayJuanGee (1) |
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Wait... Crypto custody is a case of not-your-keys, right? The thing about custody is that it's guaranteed, often backed by insurance. This is how their Institutional Fractional Reserve System will make inroads. EDIT: machasm beat me to it. What’s to stop banks from running fractional reserve practices on our Bitcoin and putting us back in the same shithole Bitcoin was designed to get us out of?
I think the answer is it is Russian roulette. Bitcoin is an instantly transferable bearer asset. There is NO lender of last resort. And of course no one HAS to use these services. Goldmann Ballsacks is the quintessential Institutional highway barons, They have all the politicians family's working for them. They are the true insiders that write their own laws to make their scams legal. The sheeple will use it because they will make it easy for them while keeping it nigh impossible with ACH transfers and the like just to use any other exchange while they squeeze all those private exchanges that don't bend over like Coinbase. And of course all the Network Media will be shilling for them all the while.
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philipma1957
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Activity: 4172
Merit: 8086
'The right to privacy matters'
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January 18, 2021, 01:38:04 AM Merited by JayJuanGee (1) |
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Wouldn't it be funny, if many many years from now, the US Govt needs to start buying BTC to start paying off it's debt ? If they were smart they would start to buy some right the fuck now.
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vapourminer
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Activity: 4382
Merit: 3703
what is this "brake pedal" you speak of?
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January 18, 2021, 01:41:03 AM |
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Wouldn't it be funny, if many many years from now, the US Govt needs to start buying BTC to start paying off it's debt ? If they were smart they would start to buy some right the fuck now. and they auctioned off all that silk road stash back in the day. what was the price they got? heh edit: looks like (roughly i havent checked figures) 144k btc sold for 48 million. ~$330 USD per btc lulz. https://fortune.com/2017/10/02/bitcoin-sale-silk-road/
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smartcomet
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January 18, 2021, 02:09:30 AM |
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Just give a little support for Hodlers and weak hands in this tiny bitcoin winter, and thanks for your contribution because i have watched the thread since page 2. btw, dont know the twitter account ,just sombody else liked that.
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Biodom
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Activity: 3808
Merit: 4059
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January 18, 2021, 04:47:40 AM |
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Wouldn't it be funny, if many many years from now, the US Govt needs to start buying BTC to start paying off it's debt ? If they were smart they would start to buy some right the fuck now. History shows that they don't know when to sell and when to buy. UK (HM Treasury) sold all their gold at around $200/oz and by so doing pretty much made the long term bottom in gold prices. Right now, you can only snicker thinking about their 'rationale' at the time. So..don't expect them to buy until, maybe 500K/btc or so.
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BobLawblaw
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Neighborhood Shenanigans Dispenser
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January 18, 2021, 07:10:39 AM |
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Off in the distance, I hear the sound of millions in shorts being rekt RN.
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jojo69
Legendary
Online
Activity: 3220
Merit: 4387
diamond-handed zealot
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January 18, 2021, 07:21:46 AM |
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bitebits
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Activity: 2226
Merit: 3345
Flippin' burgers since 1163.
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January 18, 2021, 08:46:20 AM |
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Dared to peek here again now that the daily new page count is dropping. Real life can be time consuming from time to time, sucks. Can I please get a quick summary over the last 100 pages? Up, down, sideways perhaps? Thank you.
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El duderino_
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Activity: 2562
Merit: 12443
BTC + Crossfit, living life.
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January 18, 2021, 09:22:25 AM |
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Just a hunch but I have a feeling the price might rise by between around ~$1.8 and $2k in the next 90 minutes to turn the weekly candle green. It was at that level less than 2 hours ago - so it's very possible and 'paints a nicer picture'.... Lil'question, that name samson, what is it referring to? In Belgium we have a famous samson, a dog for children ... ^This one. Actually that man besides him started that show and I think his now the most earning character "man" in Belgium, LoL started with this lame children tv show and grew very big, got his own studio, shows etc Even talked about BTC in a show a while back "previous bullrun" don't remember his point of view anymore.
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Cryptotourist
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January 18, 2021, 09:50:10 AM |
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Excellent piece IMO. It voices doubts the keen observer may already have started to nurse, in plain language with a bird's view. Thanks Wekkel. Thanks indeed. Very interesting to read, but he doesn't mention BTC at all. Also he cannot hide his gold bug feelings, let alone the rest: So, in a nutshell: Buy value stocks, buy the commodities sector, and buy emerging markets. And for the antifragile part of your portfolio, buy RMB bonds and gold.
Holly shit. Fuck me sideways: In a world that is reflating, Japan typically does well. And in this unfolding new Cold War between the U.S. and China, Japanese industrial companies are well positioned.
Hey I got one word for you guys. Japan. China is the front/cover/escape goat. Ooops: But I’d just say that the fact that the Trump Administration decided to make semiconductors the battleground in its fight with China strikes me as extremely dangerous, given the fact that the U.S. has just lost the technology leadership baton to Taiwan. That, to me, will be the most important event in 2020, more important than Covid.
+1 WO's merit!
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AlcoHoDL
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Activity: 2422
Merit: 4360
Addicted to HoDLing!
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Guys ('n' gal), this is fine.
We are virtually pinned to $36k for a while now. Yes, it's boring. Yes, we want higher. But, just pause for a moment, and think. $36k. This is a stellar value. Remember that we were at $16k not too long ago. This is a 125% increase in two (2) months! Have we become too greedy?
The fact that the price holds strong above $30k should make us all ecstatic. Sure, we all liked it when it reached $40k+, but there's no need to rush it. GTCTTWW. Patience and HoDLing will reward us all very soon. We've waited patiently for 3 years, what's another 6 or 12 months?
Not selling a single sat. May even buy some sats (already regretting that I did not, when we were at $16k).
HoDL.
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ghandi
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January 18, 2021, 10:26:10 AM |
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Going sideways may be good for bitcoin. But it is boring for me
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Krubster
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January 18, 2021, 10:29:25 AM Last edit: January 18, 2021, 12:36:03 PM by Krubster Merited by vapourminer (2) |
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Summary of the latest news surrounding the MtGox coins https://blog.wizsec.jp/2021/01/earlier-mtgox-payouts-coinlab.htmlTL;DR:
No, the trustee is not about to sell all of the MtGox bitcoins and crash the market. Seriously, some people make this claim up every single time. No, the wait is not over. Even with the proposed option for early distribution, we’re still a long way from anyone receiving any payouts. No, CoinLab has not “settled” with the trustee nor creditors. Their claim remains disputed, as it should be. No, CoinLab does not deserve any credit and were never acting in good faith. CoinLab was insisting on continuing to hold up the process for everyone while they litigate to try to steal everyone’s money, and had to be essentially bribed so as not to obstruct this arrangement. No, the $11M cash payment to CoinLab is not coming out of creditor assets but directly from Fortress/MGIF (one of the largest MtGox creditors) who also personally shouldered most of the risk in order to make this proposal possible. As you can see, Fortress/MGIF not only had to bribe CoinLab to make this deal possible, but are also shouldering the primary risk from making these early payouts as large as possible. To make up for this risk, if CoinLab loses and the final payout percentage rises above 21%, the corresponding surplus from creditors who cashed out early will be paid out to Fortress/MGIF as consideration. (Early creditors keep their 21%.)
In short, Fortress/MGIF appears to have done quite some legwork behind the scenes to make this offer possible, and at first glance it seems like an attractive one: creditors who opt for early payouts get almost all of the benefit with a near-best-case payout rate, less waiting, and zero risk from CoinLab. Creditors who take the red pill and stay in the game face a significantly longer wait (although there may be interim payouts), only a slight potential upside, and a risk (however small) of an ultimately lower payout. The early payout option doesn't sound that bad actually.
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vapourminer
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Activity: 4382
Merit: 3703
what is this "brake pedal" you speak of?
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January 18, 2021, 11:19:49 AM |
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a long time ago, when Nixon stepped down, my father (military) turned and told me "you are witnessing democracy at work, and a peaceful transition of power. no bullets, no army" or something along those lines. at the time i was like "ok, cool."
guess i took for granted how immutable that seemed.
this is not aging well
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