Results 4,301 to 4,325 of 16239
Thread: Bitcoin....who's gotten into it?
-
05-20-2021, 11:26 AM #4301
Bitcoin....who's gotten into it?
Duplicate
Last edited by 4matic; 05-20-2021 at 12:07 PM.
-
05-20-2021, 11:31 AM #4302
-
05-20-2021, 11:59 AM #4303Markets
U.S. Treasury calls for stricter cryptocurrency compliance with IRS, says they pose tax evasion riskI have been in this State for 30 years and I am willing to admit that I am part of the problem.
"Happiest years of my life were earning < $8.00 and hour, collecting unemployment every spring and fall, no car, no debt and no responsibilities. 1984-1990 Park City UT"
-
05-20-2021, 10:45 PM #4304
buying some xrp and xlm for the long term. both working w the fed on cbdc's.
-
05-21-2021, 02:46 AM #4305Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
Henry David Thoreau
-
05-21-2021, 06:41 AM #4306
I saw that NYMag article trending yesterday. It's full of factual errors. For example, the falsehood propogated by CoinShares that bitcoin is powered by hydroelectric has since been disproven. Renewables account for a tiny share of crypto mining. Miners don't like renewables because they need to run their hardware 24 hours a day to recoup their costs.
Bitcoin is a creature of fossil fuels—mostly coal, the dirtiest of them all. Most bitcoin is mined in China powered by coal. We know that's the case because last April a flooded coal mine in China's remote Xinjiang region led to a 40% drop in the network hashrate. Iran, a petrostate, accounts for another 10% of bitcoin mining. In America, miners have restarted old inefficient coal and gas plants in places like New York and Kentucky's rural coal fields have also become a big source of mining,
-
05-21-2021, 06:53 AM #4307
I’m using coin base, and it does not seem like there is a bid or offer, nor can I put in a limit order, which would have been nice a few days ago.
Anyone know where you can trade in a free market?
If I were a regulator I’d slap the cuffs on Coinbase.
Sent from my iPhone using TGR Forums
-
05-21-2021, 06:59 AM #4308
-
05-21-2021, 07:10 AM #4309
Anything you buy, always get the pro version.
"timberridge is terminally vapid" -- a fortune cookie in Yueyang
-
05-21-2021, 07:15 AM #4310
I just think it's funny that people point to the ARKK/square letter as proof that crypto is good for clean energy, when the whole thing is nothing but "this could" or "which might"
If we give a whole bunch of people AIDS, we'll greatly increase money going to AIDS research, so really giving people AIDS is the best way to get a cure!
-
05-21-2021, 07:45 AM #4311Banned
- Join Date
- May 2007
- Location
- Sandy, Utah
- Posts
- 14,410
-
05-21-2021, 07:57 AM #4312
pro.coinbase.com
Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
Henry David Thoreau
-
05-21-2021, 08:50 AM #4313
Can one pay Coinbase fees in Bitcoin or does one have to pay the old fashioned way in $?
"timberridge is terminally vapid" -- a fortune cookie in Yueyang
-
05-21-2021, 09:07 AM #4314
Coinbase fees are denominated in fiat. Coinbase also plans to issue BaseCoins pegged “stable coins” that act as bank notes so maybe fees will be payable that way too. To do so customers must clear KYL/AML (Know Your Customer / Anti-Money Laundering) so how crypto on exchanges differs from something like PayPal or any other banking is something of mystery.
For example, a dumbass used Coinbase to pay a hitman in bitcoin for wife's murder.
The FBI issued a subpoena to Coinbase for information about the wallets in question. The company then provided an immediate answer given the "threat to life"—an answer that included not only the transaction history of the wallets, but also the man's name and photos he had used to sign up for the service.
https://decrypt.co/70420/man-used-co...an-bitcoin-fbi
-
05-21-2021, 09:24 AM #4315
This is good info. So what I gather here is anyone paying for drugs, weapons, or illicit activities will still want to pay in cash and not crypto.
"timberridge is terminally vapid" -- a fortune cookie in Yueyang
-
05-21-2021, 09:30 AM #4316I drink it up
- Join Date
- Oct 2002
- Location
- my own little world
- Posts
- 5,875
Ways to pay for things anonymously will continue to get pushed out to the fringes. As the example above illustrates, we as a society very much have an interest in being able to track and being able to reverse transactions.
focus.
-
05-21-2021, 09:30 AM #4317
Cryptocurrency is useful for online extortion but you need to use a reputable service when laundering the bitcoin. Otherwise you risk falling into a government owned honeypot. The Russian/Eastern European pros cash out by literally cashing out using blind drops with bags of cash like you see in movies. Cash is still king.
-
05-21-2021, 09:48 AM #4318
I started with Coinbase and opened a Coinbase Pro account for the reasons you stated. My login/password are the same. Moving money back and forth is easy/quick/free.
It’s weird and frustrating. The Coinbase interface is very intuitive and is a great way to look at current values & trends. The Coinbase Pro interface is 180 degrees in the other direction. It took me a good while to figure out how to place limit orders, but now I’ve got it down.
I still bounce back to Coinbase if I want to see how things are doing. It’s far from perfect.
Sent from my iPhone using TGR ForumsHowever many are in a shit ton.
-
05-21-2021, 09:53 AM #4319
Interesting that China has now banned Bitcoin like 8 times, even twice in the last week. This can't be good for the narrative that China controls Bitcoin which is all mined using dirty dirty coal.
BTFD
Sent from my Pixel 4 XL using Tapatalk
-
05-21-2021, 09:57 AM #4320
China, Iran, and Russia are playing and dominating the long game in the world of cryptocurrency. China banned domestic usage, but still dominates production thus encouraging foreign speculation. A person should at least ask why would they do that?
-
05-21-2021, 09:58 AM #4321
Hydro season is coming soon, I wonder if that plays into this news and price narrative somehow. Seems like price pushed down intentionally but why? I don't like the tinfoil hat approach to analysis, but I wonder.
Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
Henry David Thoreau
-
05-21-2021, 10:23 AM #4322
Honestly, I'm so sick of the narrative and fear we're fed to vilify other nations. It's not the ordinary citizens who dislike each other, it's the corrupt politicians and their donors. I think decentralization of their monetary weapons is a good way to reduce their power.
Sent from my Pixel 4 XL using Tapatalk
-
05-21-2021, 10:28 AM #4323
You don't have to be an apologist for governments to point out bad actors exist. The idea that bitcoin does away with politics or militaries or whatever is absurd. It's pure fantasy.
Because of course if a malicious actor came for assets purchased with crypto, even the most diehard crypto enthusiast would demand government intervention to protect their property.
-
05-21-2021, 10:34 AM #4324
-
05-21-2021, 10:37 AM #4325
Bookmarks