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Author Topic: Official cryptocurrency thread (Bitcoin, Ethereum, Altcoin)  (Read 188116 times)
lucky_scrote
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« Reply #975 on: May 04, 2018, 09:11:11 AM »

...

When very innovative things happen we begin with the hard core innovative and enthusiasts, then will follow smart people, then will follow people that listen to smart people, then will follow the hoards. Even very stubborn and stupid people end up being part of a revolution (see: the internet).


The internet was monetized because of porn. When the porn industry starts investing in the blockchain - that's when everyone should pile in Cheesy

Even though you might be being facetious, it is slightly true. The impact will just be that people can buy porn without a private entity knowing their preferences. You can still download porn and nobody knows you're watching it (if you know what you're doing).
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buffyslayer1
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« Reply #976 on: May 05, 2018, 07:38:30 AM »

...

When very innovative things happen we begin with the hard core innovative and enthusiasts, then will follow smart people, then will follow people that listen to smart people, then will follow the hoards. Even very stubborn and stupid people end up being part of a revolution (see: the internet).


The internet was monetized because of porn. When the porn industry starts investing in the blockchain - that's when everyone should pile in Cheesy

pornhub did some kind of deal with verge recently Cheesy
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TightEnd
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« Reply #977 on: May 06, 2018, 09:56:29 AM »

Warren Buffett compares Bitcoin to 'rat poison squared' and says cryptocurrencies 'will come to a bad ending'

https://www.independent.co.uk/news/business/news/warren-buffett-bitcoin-berkshire-hathaway-cryptocurrency-oracle-omaha-a8338311.html
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« Reply #978 on: May 06, 2018, 10:17:54 AM »

If he keeps repeating it forever in he will probably eventually be right
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« Reply #979 on: May 10, 2018, 08:10:46 AM »

Billionaire investor Warren Buffett's comment over the weekend, namely calling bitcoin "rat poison squared", has angered and confused the crypto community - many of whom consider Buffett to be a "hero".

BBC Apprentice Winner, Mark Wright is a BTC investor and a firm believer in cryptocurrency.

Mr Wright told Express.co.uk that he completely disagrees with Warren Buffett’s opinion on Bitcoin.

He said: "Despite its volatile nature, the cryptocurrency sector has soared in recent years, with experts predicting it will hit a market valuation of $1 Trillion by the close of 2018.

"This figure in itself proves Buffett wrong, particularly when you take into account how the value of Bitcoin has developed since 2014 – the time when Buffett first expressed negative opinion on the sector."

Mr Wright adds that, “despite his years of experience in business, Buffett’s comment shows lack of engagement in technology and innovation."
« Last Edit: May 10, 2018, 08:12:37 AM by typhoon13 » Logged
strak33
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« Reply #980 on: May 10, 2018, 01:25:44 PM »

I doubt that many of the BTC consider him a "hero"
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« Reply #981 on: May 10, 2018, 01:52:42 PM »

I doubt that many of the BTC consider him a "hero"

Ha.

Wins "Understatement of the Year" award.

Wink
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« Reply #982 on: May 10, 2018, 05:03:00 PM »

He's definitely a hero of mine, and I hold completely opposite views on cryptos to him.

He's old and rich and can do what he wants.  Crypto's are a bit of a threat to his dominance and really what has he got to gain by investing all these later years of his life in understanding/learning all about cryptos.  The older you get the more you resist change in general.  He's definitely someone to learn from in many ways, just not about crypto.
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Ragz
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« Reply #983 on: May 23, 2018, 10:53:16 PM »

Wonder if anyone can help with my nooby queries.

So I play on an American poker site and only way to withdraw is via bitc. Anyone I've asked states to go ACR/blockchain (or other)/some exchange or other/bank. The yanks do this cuz they don't want things traced to poker for obvious reasons. Over here however poker isn't a problem, so my question is why shouldn't I withdraw direct from ACR to an exchange, first off?

Secondly, coinbase is a site where u can sell the coin directly to bank transfer. Someone said but they start asking questions if you transfer alot, not good for poker. But why isn't it? Poker is perfectly legal here so...?
Are there any other direct transferrable sites other than coinbase? Tia

edit: just read coinbase don't deal with UK banks, I can't get a Euro one. So UK banks won't deal with bitcoin exchangers is this the gist?
« Last Edit: May 23, 2018, 11:11:30 PM by Ragz » Logged
POWWWWWWWW
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« Reply #984 on: May 24, 2018, 01:00:01 AM »

Wonder if anyone can help with my nooby queries.

So I play on an American poker site and only way to withdraw is via bitc. Anyone I've asked states to go ACR/blockchain (or other)/some exchange or other/bank. The yanks do this cuz they don't want things traced to poker for obvious reasons. Over here however poker isn't a problem, so my question is why shouldn't I withdraw direct from ACR to an exchange, first off?

Secondly, coinbase is a site where u can sell the coin directly to bank transfer. Someone said but they start asking questions if you transfer alot, not good for poker. But why isn't it? Poker is perfectly legal here so...?
Are there any other direct transferrable sites other than coinbase? Tia

edit: just read coinbase don't deal with UK banks, I can't get a Euro one. So UK banks won't deal with bitcoin exchangers is this the gist?

I used my UK Natwest account with them for 2 years so unless they changed policy within the last month they def do deal with UK banks. They don't however send in £, they send in €, which is then converted by your bank.
They prob don't like gambling transactions because of money laundering regulations.

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Ragz
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« Reply #985 on: May 24, 2018, 06:39:39 AM »

Well I've just discovered this Revolut app which sounds promising. You can swap currencies around willy nilly at optimal wholesale exchange rate, I've mostly gotten it for withdrawing/spending money abroad more easily, but they're meant to be introducing crypto currencies. How mad would that be exchanging from crypto to cash and back all in one app? Least I think that's what it means, could be wrong.

Coinbase has prompted to send one euro via SEPA, took 15 mins to set it all up through Lloyds then told me 1 euro is below the minimum threshold, so googling it tells me ithey charge £15 to do so but then SEPA direct debit is free. Hmm I'm not paying £15 to send 1 euro...
« Last Edit: May 24, 2018, 06:54:17 AM by Ragz » Logged
typhoon13
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« Reply #986 on: May 24, 2018, 09:35:22 AM »


Catch the falling knife this week
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TightEnd
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« Reply #987 on: May 24, 2018, 09:54:39 AM »

The Justice Department has opened a criminal probe into whether traders are manipulating the price of Bitcoin and other digital currencies, dramatically ratcheting up U.S. scrutiny of red-hot markets that critics say are rife with misconduct, according to four people familiar with the matter.

The investigation is focused on illegal practices that can influence prices -- such as spoofing, or flooding the market with fake orders to trick other traders into buying or selling, said the people, who asked not to be identified because the review is private. Federal prosecutors are working with the Commodity Futures Trading Commission, a financial regulator that oversees derivatives tied to Bitcoin, the people said.

https://www.bloomberg.com/news/articles/2018-05-24/bitcoin-manipulation-is-said-to-be-focus-of-u-s-criminal-probe
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lucky_scrote
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« Reply #988 on: May 24, 2018, 10:36:40 AM »

Well I've just discovered this Revolut app which sounds promising. You can swap currencies around willy nilly at optimal wholesale exchange rate, I've mostly gotten it for withdrawing/spending money abroad more easily, but they're meant to be introducing crypto currencies. How mad would that be exchanging from crypto to cash and back all in one app? Least I think that's what it means, could be wrong.

Coinbase has prompted to send one euro via SEPA, took 15 mins to set it all up through Lloyds then told me 1 euro is below the minimum threshold, so googling it tells me ithey charge £15 to do so but then SEPA direct debit is free. Hmm I'm not paying £15 to send 1 euro...

A couple of my friends who own a bitcoin merchant company are at the end stages of developing an app called blox where you can trade fiat and many cryptos at the click of a finger. These sorts of apps will flourish soon but they take time. Crypto is still pretty new so expect lots of processes such as wallets/exchange/user interface to be unviable.
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lucky_scrote
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« Reply #989 on: May 24, 2018, 10:38:13 AM »

The Justice Department has opened a criminal probe into whether traders are manipulating the price of Bitcoin and other digital currencies, dramatically ratcheting up U.S. scrutiny of red-hot markets that critics say are rife with misconduct, according to four people familiar with the matter.

The investigation is focused on illegal practices that can influence prices -- such as spoofing, or flooding the market with fake orders to trick other traders into buying or selling, said the people, who asked not to be identified because the review is private. Federal prosecutors are working with the Commodity Futures Trading Commission, a financial regulator that oversees derivatives tied to Bitcoin, the people said.

https://www.bloomberg.com/news/articles/2018-05-24/bitcoin-manipulation-is-said-to-be-focus-of-u-s-criminal-probe

I think we can all get behind this. It's like back in the day when people used to say stars was fixed and full of robots, except this time it actually is fixed.
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