Is anyone else starting to become a bit excited?

q85dw7osi4lebg · 15-07-2019 01:40PM

Ben Done wrote: »

I don't mean to be smart, but are you ok with the fact all your 'investments' could prove worthless in time - i.e. are you only betting what you can afford to lose?

No I have sold the house, cars and pets.

vargoo · 15-07-2019 02:37PM

Ben Done wrote: »

I don't mean to be smart, but are you ok with the fact all your 'investments' could prove worthless in time - i.e. are you only betting what you can afford to lose?

How big is the truck???

Arrival · 15-07-2019 02:47PM

Addison Fancy Macrame wrote: »

Ben Done wrote: »

I don't mean to be smart, but are you ok with the fact all your 'investments' could prove worthless in time - i.e. are you only betting what you can afford to lose?

No I have sold the house, cars and pets.

All or nothing, gotta act with conviction haha

q85dw7osi4lebg · 15-07-2019 03:25PM

vargoo wrote: »

How big is the truck???

Same size as a USB stick

sexmag · 15-07-2019 05:45PM

Pintman Paddy Losty wrote: »

The only demonstrated use for crypto so far has been buying drugs or other illegal/immoral stuff on the dark Web. Outside of that it has just been speculative gambling.

That is garbage and you know it, Many coins have been used to purchase things like clothes,food and services.

Paytomat consolidates a number of crypto and is used to make payments for many things.

Marvin.ie accept BTC for payment.

The crypto cafe in dublin accepts crypto for their food etc

Maybe instead of using your trap to spread falsehoods maybe give the full facts instead of what you want people to believe

vargoo · 15-07-2019 06:06PM

sexmag wrote: »

That is garbage and you know it, Many coins have been used to purchase things like clothes,food and services.

Paytomat consolidates a number of crypto and is used to make payments for many things.

Marvin.ie accept BTC for payment.

The crypto cafe in dublin accepts crypto for their food etc

Maybe instead of using your trap to spread falsehoods maybe give the full facts instead of what you want people to believe

Only 1.3% of activity used for economic tranactions do far this year.

cnocbui · 15-07-2019 06:31PM

I have bought things with bitcoin, but I have never bought anything with gold or shares.

The currency idea - as in buying in expectation of use as currency - is rather silly and self defeating. For a crypto to function well as a currency, you want it's value relative to goods and services to be flat, not subject to large and rapid changes.

The main thing holding back more widespread usage of crypto is the high amount of friction in converting to and from fiat. A large part of my initial interest in BTC was as a way of getting around the friction in currency conversion, but it turned out to be worse.

sexmag · 15-07-2019 06:55PM

vargoo wrote: »

Only 1.3% of activity used for economic tranactions do far this year.

I'm not saying its widespread, I was refuting his comment as false,the only case for cryptocurrency as a currency is not illegal drugs etc.

If PPL was a camera man filming live news and his family were committing a crime,hed be filming the sky is all I'm saying

q85dw7osi4lebg · 15-07-2019 06:58PM

Oh oh

T- 3 minutes until FUD

q85dw7osi4lebg · 15-07-2019 06:58PM

https://twitter.com/krugermacro/status/1150825351314104322?s=19

JohnnyFlash · 15-07-2019 06:58PM

sexmag wrote: »

That is garbage and you know it, Many coins have been used to purchase things like clothes,food and services.

Paytomat consolidates a number of crypto and is used to make payments for many things.

Marvin.ie accept BTC for payment.

The crypto cafe in dublin accepts crypto for their food etc

Maybe instead of using your trap to spread falsehoods maybe give the full facts instead of what you want people to believe

The crypto cafe closed about a month after opening. And also accepted cash. And pretended to be a crypto cafe to get free publicity. And admitted afterwards that 2 people actually used eth or bitcoin to pay for things.

Bitcoin was once used to purchase heroin, child porn, and hitmen services on the internet. That was its time as a functioning currency

q85dw7osi4lebg · 15-07-2019 07:01PM

Live on CNBC now

cnocbui · 15-07-2019 07:20PM

ISIS received significant funding via wealthy Qataris jumping on jets and ferrying suitcases full of cash.

The Islamic State's staggering successes come at a cost. After all, it's not cheap to wage war and manage territorial conquests whose population is now roughly the size of Austria's.

So how can ISIS, cut off from the rest of the world by financial and trade sanctions, and under daily aerial and land bombardment by some of the richest countries in the world, afford to maintain a well-armed military and pay other bills?

Interviews with Iraqi, Kurdish, European, Syrian and American government officials, analysts and intelligence agents sketch a portrait of ISIS's robust, sprawling, and efficient financial operation. The terrorist group relies on a relatively complex system to manage its far-reaching networks. Its currencies of choice—cash, crude oil and contraband—allow it to operate outside of legitimate banking channels. Turkey's southern corridor, Iraq's northwestern corridor and Syria's northeastern corridor are key weak spots, well away from the prying eyes of outside investigators.

https://www.newsweek.com/2014/11/14/how-does-isis-fund-its-reign-terror-282607.html

But lets get all concerned about potential misuse of crptos and try and downplay the fact that everything sleazy or illegal is actually enabled through fiat currencies.

Anytime a US government official or president opens their trap and includes the word 'terrorism' in what they say, there is an 88% probability they are lying. If they mention children, then it's 100%.

Dohnjoe · 15-07-2019 08:05PM

cnocbui wrote: »

ISIS received significant funding via wealthy Qataris jumping on jets and ferrying suitcases full of cash.

What on earth does this have to do with crypto?

JJJJNR · 15-07-2019 08:10PM

Dohnjoe wrote: »

What on earth does this have to do with crypto?

Basically fiat is being used daily in terrorism not just bad evil crypto.

grindle · 15-07-2019 08:17PM

Pintman Paddy Losty wrote: »

illegal/immoral

vargoo wrote: »

Only 1.3% of activity used for economic tranactions do far this year.

~0.1%- 0.2% of activity is via darknet, 6-12 times less.

Even I'm surprised by that.

Not surpised at all that most of it is purely speculative.

Dohnjoe · 15-07-2019 08:19PM

JJJJNR wrote: »

Basically fiat is being used daily in terrorism not just bad evil crypto.

Absolutely. The overwhelming majority of fraud, terrorism financing, laundering, bribery takes place using fiat currencies. Cryptos would only represent a small faction of the total amount.

But I'll never get what all the endless tribalism is about. This might be a mindblowing concept for some people, but it's possible to criticise both, and possible to support both. Within reason.

Pintman Paddy Losty · 15-07-2019 08:23PM

grindle wrote: »

~0.1%- 0.2% of activity is via darknet, 6-12 times less.

Even I'm surprised by that.

Not surpised at all that most of it is purely speculative.

I'm not surprised at that and no one should be. Monero and zCash supplanted btc as the currency of choice for druggies and kiddie fiddlers a long time ago due to btc transactions being relatively trivial to deanonymise.

BTC is used as a speculative asset.

grindle · 15-07-2019 08:28PM

Pintman Paddy Losty wrote: »

Monero and zCash supplanted btc as the currency of choice for druggies and kiddie fiddlers a long time ago due to btc transactions being relatively trivial to deanonymise.

Hopefully Monero for their sakes, Zcash is relatively useless with such a low userbase and optional privacy - but you'd be surprised how many still accept BTC only.
Seems retarded to me, but it's common enough. Boneheaded maximalists maybe?

Dohnjoe · 15-07-2019 08:32PM

Pintman Paddy Losty wrote: »

I'm not surprised at that and no one should be. Monero and zCash supplanted btc as the currency of choice for druggies and kiddie fiddlers a long time ago due to btc transactions being relatively trivial to deanonymise.

BTC is used as a speculative asset.

?? BTC's use on Darknet doubled in 2018 according to Chainalysis

https://www.reuters.com/article/us-crypto-currencies/daily-bitcoin-transactions-on-darknet-markets-doubled-throughout-2018-report-idUSKCN1PC1OE

makeorbrake · 15-07-2019 08:42PM

cnocbui wrote: »

Anytime a US government official or president opens their trap and includes the word 'terrorism' in what they say, there is an 88% probability they are lying. If they mention children, then it's 100%.

You can be sure there's some but have we not learned by now that this sh1t is consistently being used to forward a certain agenda.

Just watched/listened to Manuchin - It's got that unmentionable subject from last week all over it. There's not much positivity to come away with on this (don't know if BTC shooting up a few hundred over the past few hours is related but I don't see how). That said, it was always going to be this way.

There are going to be all manner of twists and turns in this whole saga as it gets battled out. We might learn a bit more over the next 2 days with the hearings re. Libra.

cnocbui · 15-07-2019 09:10PM

Dohnjoe wrote: »

What on earth does this have to do with crypto?

I was replying to the live on CNBC thing. Which if you bothered to check, was Munchkin saying Facebook can't have it's crypto because, um, er, well ... give me a sec ... oh yes! - because it will be used by terrorists and pedophiles and Democrats - they're all the same, really.

makeorbrake · 15-07-2019 09:14PM

cnocbui wrote: »

I was replying to the live on CNBC thing. Which if you bothered to check, was Munchkin saying Facebook can't have it's crypto because, um, er, well ... give me a sec ... oh yes! - because it will be used by terrorists and pedophiles and Democrats - they're all the same, really.

Don't forget the communists!

makeorbrake · 15-07-2019 09:53PM

@cnocbui : Just found this - It's Caitlin Longs submission to the Senate Banking Committee. An extract:
"banks filed 16 million Suspicious Activity Reports (SARs) and the IRS achieved 296 convictions, for a paltry conviction rate of 0.002%.". . . There’s an easy way to block all money laundering, tax evasion and terrorism financing—simply block all financial transactions (!)."

Let's trample over the rights of the entire population to get at 0.002% of criminals/terrorists.

JohnnyFlash · 15-07-2019 10:12PM

Anyone watch ‘The Tangle in Tapai’? Professor Roubini is an abrasive individual, but made a large number of excellent points. Hayes from Bitmex comes across as a sociopathic scumbag who is getting rich by liquidating the degenerate gamblers leveraging 100x on his shady unregulated platform.

stockshares · 15-07-2019 11:16PM

JohnnyFlash wrote: »

Anyone watch ‘The Tangle in Tapai’? Professor Roubini is an abrasive individual, but made a large number of excellent points. Hayes from Bitmex comes across as a sociopathic scumbag who is getting rich by liquidating the degenerate gamblers leveraging 100x on his shady unregulated platform.

Have you got a link. It says in the link below that Bitmex have kept the only tape of the Interview and it was the only interview that wasn't live steamed. Interesting that Andrew Neil.was the Interviewer.

Review of the Interview
https://wccftech.com/the-tangle-in-taipei-didnt-do-much-to-evangelize-blockchain-or-make-a-case-against-it/

makeorbrake · 15-07-2019 11:20PM

stockshares wrote: »

Have you got a link. It says in the link below that Bitmex have kept the only tape of the Interview and it was the only interview that wasn't live steamed. Interesting that Andrew Neil.was the Interviewer.

Review of the Interview
https://wccftech.com/the-tangle-in-taipei-didnt-do-much-to-evangelize-blockchain-or-make-a-case-against-it/

I wouldn't take much notice. Nouriel has been going completely mad in recent months. His condition is worstening such that nobody is taking any notice of him anymore. I guess we have our own micro-versions of that too. #IgnoreListBliss

q85dw7osi4lebg · 15-07-2019 11:34PM

Nouriel is a mentler. Pretty sure he also buys his Twitter followers

q85dw7osi4lebg · 15-07-2019 11:35PM

460,000 followers and only 2 likes on his last tweet. He's a fake.

JohnnyFlash · 15-07-2019 11:37PM

Censorship resistance and all that!!!

Is anyone else starting to become a bit excited?

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