RIP Bitcoin

**pseudolus** · 25-01-2018, 04:03 AM

Originally Posted by Dragonfly

Etherum, has anyone look at that shit ?

https://www.ethereum.org/

jesus christ, the bullshit meter is high on that one

how can anyone be delusional enough to put money into that thing

Quite bloody right BUTTSEC. I'm shocked, and was even more so when I cash out on it having bought in at 270, at 1221. Sickening. Disgusting it was. Why anyone would do that I have no idea.

**jabir** · 25-01-2018, 07:19 AM

Originally Posted by Dragonfly

Etherum, has anyone look at that shit ?

https://www.ethereum.org/

jesus christ, the bullshit meter is high on that one

how can anyone be delusional enough to put money into that thing

https://www.theguardian.com/technolo...onsorship-deal

Arsenal seals cryptocurrency sponsorship deal

**jabir** · 25-01-2018, 07:22 AM

Butters, the tsunami is coming and you're heading for the beach?

**fishlocker** · 25-01-2018, 10:35 AM

Fiddy cet got 7 million!

Dats right, rapper fiddy cent recently found 7 million dollars worth of bit coin that he had accepted as payment for his music years ago when the currancy was worth much less. Datz one smart brother.

**lob** · 25-01-2018, 11:07 AM

can someone indulge me.... how can u use crypto for money laundering..

all the brokers ive looked at have to have deposits from bank accounts.

**uncle junior** · 25-01-2018, 11:35 AM

^Anonymous exchanges. All you needs an email address....the tricky part would be cashing out to your bank acct. Ways around that no doibt.

**jabir** · 25-01-2018, 11:42 AM

^
Bought these 194 BTC at 0.18c 7 years ago.

**Luigi** · 25-01-2018, 11:50 AM

Originally Posted by fishlocker

Fiddy cet got 7 million!

Dats right, rapper fiddy cent recently found 7 million dollars worth of bit coin that he had accepted as payment for his music years ago when the currancy was worth much less. Datz one smart brother.

Lily Allen turned down 200,000 BTC to do an online gig 7 or 8 years ago.

Their value in December would have been $1.6 Billion.

Yes, billion.

Probably a bit less now.

**OhOh** · 25-01-2018, 01:39 PM

Originally Posted by baldrick

Where was all the denouncing of offshore tax havens

Many individuals and financial regulators have obvious concerns regarding them, some have been prosecuted.

Originally Posted by baldrick

They will find out soon enough that their understanding of crypto is similar to their predecessors understanding of the Internet

Many were stung by fraudsters during the dotcom boom. This time it's different eh?

Originally Posted by baldrick

There will be much wailing and gnashing of teeth and as they are already doing they will equate crypto with criminals and terrorists.

Are we to assume all the miners, who seem to be the ones who "validate" each of the transactions ( I may be wrong here), are upstanding citizens with nary a blemish on their records.

Mr. Earl and yourself are in the process becoming one I believe. What information is required from you by the machine vendors? What information is required from you to be in the "validation" team? What happens to a transaction if not all miners agree that a transaction is pukka? Do in fact they all have to agree or is it just a certain % of them? Are you allowed to sell your machine to anyone you wish/is there a digital "validated" trail of the machine? Or once the machine vendor has his money all records are unfortunately deleted? Which does of course happen to the best organisation around the world.

Are we to assume no government agencies/financial companies........, who may have an agenda, are banned from being a miner and hence may or may not confirm if a transaction is pukka thus acting as a "politically/financially interested party"?

Originally Posted by baldrick

But they do not control the information channels anymore

As we are aware internet access can be closed in an instant by "some". In addition "they" do control the channels, the "exchanges", of purchasing and sale. The conversion of the digital tokens into real objects be they Lambos, a cup of coffee or fiat. Any that do not adhere to the establishment "rules" will be easily disconnected as we have seen. Much to the gnashing and wailing of the digital token holders. I don't believe the exchange owners are liable for any liabilities/consequences if they go pop one night. But I may be wrong.

You may suggest that if one exchanges pops it's not a problem, but a cascade of popping exchanges would, I submit, cause crash, after crash ........ All to the detriment of the token holders.

CFTC Charges Randall Crater, Mark Gillespie, and My Big Coin Pay, Inc. with Fraud and Misappropriation in Ongoing Virtual Currency Scam

**baldrick** · 25-01-2018, 02:28 PM

Originally Posted by OhOh

Many were stung by fraudsters during the dotcom boom. This time it's different eh?

No different. Still hundreds of scam coins in the market

And the rest of your questions you can work out youself

I have no intention of mining bitcoin

And stop the Internet. Bwahahahaha. Not everyone is using AOL.

**Dragonfly** · 25-01-2018, 02:54 PM

Originally Posted by pseudolus

Quite bloody right BUTTSEC. I'm shocked, and was even more so when I cash out on it having bought in at 270, at 1221. Sickening. Disgusting it was. Why anyone would do that I have no idea.

so basically you speculated on something you didn't understand and got lucky ?

**Dragonfly** · 25-01-2018, 02:55 PM

Originally Posted by jabir

Butters, the tsunami is coming and you're heading for the beach?

I think the tsunami is slowly coming your way and I am watching it all from the hills

you are still building your sand castle on the beach

**Dragonfly** · 25-01-2018, 02:57 PM

Originally Posted by baldrick

I have no intention of mining bitcoin

you broke up with ASIC, your silicon doll ? she must be devastated

**Luigi** · 25-01-2018, 03:14 PM

Isn't he gonna be mining Decred?

**Luigi** · 25-01-2018, 03:58 PM

Originally Posted by Luigi

Put away my long-term coins. Will look at selling 90% of them in December 2018.

Current value on BX as I'll be selling them on it:

BTC 413,001 377,000
ETH 37,065 35,300
DAS 29,500 26,100
XRP 49 44
LTC 6,700 6,123
BCH 62,666 55,600
GNO 8,300 8,100
REP 3,141 3,001
OMG 608 584

Also have Tron and APPC put away, but don't know their current value and too scared to look.

So far, so good.

Just as well I bought them when they were cheap.

**baldrick** · 25-01-2018, 04:25 PM

Originally Posted by Luigi

Isn't he gonna be mining Decred?

You will only confuse the butterfluffer. He just learned there was more cryptos than BTC when he discovered ETH

**Dragonfly** · 25-01-2018, 04:31 PM

I thought the EHC manifest was fucking awesome, completely delusional and full of hot air, like our resident bitcoin traders

no wonder all those silly bitcoin manifest talk to them deep down, they are frauds

**baldrick** · 25-01-2018, 04:45 PM

EHC . I guess to you that means extra large hardon collider

So cute

**lob** · 25-01-2018, 07:37 PM

i bought xrp at .78cnts, had trouble till now getting back in my account, seems ok, and looks like i made well over 100% since 15th dec, money now back in my trading acc.

started with 1327 usd, now stands at 3063 usd, now butters u do better than that in a year trading on stocks.

i will continue to trade the s e t , as i live on that with ease .

crypto is a bit of fun, as all those contributing positively would agree with, and a bit of a gamble.

as u keep pointing out butters , the bubble has to burst, we all seem aware of that, and i personally accept that, but for fuck sake add some enjoyment. ffs.

**lob** · 25-01-2018, 07:39 PM

whens the next red day due lu. i'll have another fling. only have 7 coin on offer with my brocker.

**lob** · 25-01-2018, 07:43 PM

make that broker. 55

**Mr Earl** · 26-01-2018, 12:15 AM

Originally Posted by lob

can someone indulge me.... how can u use crypto for money laundering..

all the brokers ive looked at have to have deposits from bank accounts.

You can buy BTC locally.

https://localbitcoins.com/

This is why government will never control it.

**misskit** · 26-01-2018, 06:18 AM

Russia's Finance Ministry drafts legislation that would regulate Bitcoins and other cryptocurrencies

Russia’s Finance Ministry has developed draft legislation that would introduce regulations on the issuance and circulation of cryptocurrencies. The plan would allow the buying and selling of cryptocurrencies (using rubles or foreign currency) through special companies designed to facilitate the exchange of digital financial assets.

Individuals would be allowed to buy “tokens,” which the companies would deposit into special accounts. Each acquisition of tokens would be limited to 50,000 rubles (about $900). The legislation would also make it illegal to pay off any debts in cryptocurrencies.

Russia’s Central Bank has expressed some opposition to the Finance Ministry’s initiative, arguing that exchanging cryptocurrencies for rubles or other money should only be allowed with tokens that are issued to attract financing.

As in most countries, the issuance and circulation of cryptocurrencies is currently unregulated in Russia. In 2016, the Finance Ministry proposedcriminalizing the issuance of cryptocurrencies, but the initiative never got off the ground.

https://meduza.io/en/news/2018/01/25...yptocurrencies

**Mr Earl** · 26-01-2018, 08:58 AM

Originally Posted by misskit

In 2016, the Finance Ministry proposed criminalizing the issuance of cryptocurrencies, but the initiative never got off the ground.

Whatever big government tries to do, it will be too late. The cat is out of the bag, a global social and cultural revolution is underway.
The voice of the people says no to big wasteful warmonger government. Government will have to change and be accountable to the people.
I won't be easy for the big boys like the USA and Russia with huge industries focused on weapons of mass destruction.

**baldrick** · 26-01-2018, 09:14 AM

The governments are looking at these like shares which is their problem. The advice they are getting is probably from traditional share experts.

CryptoCurrency is not the same. Convert fiat to crypto and then send it wherever and trade. Multiple exchanges in multiple countries. Private wallets. And soon decentralized exchanges who are just middlemen bringing together 2 traders with private wallets

The privacy of crypto is only getting better so govt will not be able to track it and will really have no idea how much people hold or profit or lose.

They will keep trying to win a whack a mole but it will be fruitless

They will only know if and when you purchase an asset in their country.

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