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TZ-UK Fundraiser

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Type: Posts; User: tertius

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  1. Thread: Bitcoin

    by tertius
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    It never has before. Typically the post-halving...

    It never has before. Typically the post-halving high has been several (or even many) months later.
  2. Thread: Bitcoin

    by tertius
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    To be fair they ought to fit right in to the...

    To be fair they ought to fit right in to the financial services industry ...

    https://www.bbc.co.uk/news/business-59689581

    and for a more current list (though just the FCA):
    ...
  3. Thread: Bitcoin

    by tertius
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    1,930,843

    People buy rather than mining. Miners shut down...

    People buy rather than mining. Miners shut down less efficient machines; difficulty reduces and the cost to mine goes down accordingly.
  4. Thread: Bitcoin

    by tertius
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    6,925
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    1,930,843

    The advantage of Coinomi is it will take a few...

    The advantage of Coinomi is it will take a few minutes (if that) to set up and will allow you to move coins off the exchange. You can always move them again later when you have a Ledger or Trezor or...
  5. Thread: Bitcoin

    by tertius
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    Could always use Coinomi on your phone - it’s non-custodial and supports most coins.
  6. Thread: Bitcoin

    by tertius
    Replies
    6,925
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    Well I more or less agree with that; though I...

    Well I more or less agree with that; though I would say the implementation of AML processes is (or can be) a bug and if someone (for example) thinks, “I want to be in control of how my money is moved...
  7. Thread: Bitcoin

    by tertius
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    I think you are leaping to a conclusion there, my...

    I think you are leaping to a conclusion there, my anecdote was merely responding to your statement:



    I gave a real example where the bank did not “follow my instructions” in a reasonable time;...
  8. Thread: Bitcoin

    by tertius
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    1,930,843

    What benefit did I derive in the example I gave?...

    What benefit did I derive in the example I gave?

    Note that my example was in no way claiming that “banks are always bad” merely countering Raffle’s comment that he had “never experienced any...
  9. Thread: Bitcoin

    by tertius
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    I’m not objecting to the AML or the application of it rather it is their incompetence and utter inability to join the left hand to the right hand - see the bit where I said I called them first and...
  10. Thread: Bitcoin

    by tertius
    Replies
    6,925
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    1,930,843

    You are very lucky then I would say. Short...

    You are very lucky then I would say.

    Short story:

    I was buying a car, agreed to buy it and started the payment process.
    Due to the cost and the various (different) limits on faster payments I...
  11. Thread: Bitcoin

    by tertius
    Replies
    6,925
    Views
    1,930,843

    I don't really know what they mean when they say...

    I don't really know what they mean when they say "cutting off" - a bit of research suggests it is more about limiting content providers (that they don't want) and ensuring that Russian content (which...
  12. Thread: Bitcoin

    by tertius
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    If they were being rational then yes, its just...

    If they were being rational then yes, its just wasted electricity, and if they pay for electricity then its wasted money.

    I suppose the one other possibility is that the Russian network somehow...
  13. Thread: Bitcoin

    by tertius
    Replies
    6,925
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    1,930,843

    I think we can predict with reasonable accuracy...

    I think we can predict with reasonable accuracy what will happen.

    It will be similar to what happens when orphan blocks are found and then built upon, except it will continue until the networks...
  14. Thread: Bitcoin

    by tertius
    Replies
    6,925
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    1,930,843

    Mining or trading is treated as income; buying...

    Mining or trading is treated as income; buying and holding (and then selling) is treated as capital gains.
  15. Thread: Bitcoin

    by tertius
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    6,925
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    1,930,843

    Provided a good laugh though.

    Provided a good laugh though.
  16. Thread: Bitcoin

    by tertius
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    6,925
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    1,930,843

    Well they do - the point is they are being...

    Well they do - the point is they are being excluded from the international financial system generally, not just the rouble-denominated system and so if they were looking to “crypto” as an alternative...
  17. Thread: Bitcoin

    by tertius
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    By what measure?

    I’m thinking in trading volumes -BTC trades around $1Bn per day, well that is roughly what Russia gets every day from oil and gas sales alone; let alone everything else the...
  18. Thread: Bitcoin

    by tertius
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    I can’t see that crypto (today) can be an answer for a nation state in this situation - too small and too niche surely? For individuals yes I can believe that it can play a part.
  19. Thread: Bitcoin

    by tertius
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    6,925
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    I think this will be positive news in the medium...

    I think this will be positive news in the medium to long term. Might create some (literal) FUD amongst Bitcoin maximalists, but for the average user it will provide some confidence I think.
  20. Thread: Bitcoin

    by tertius
    Replies
    6,925
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    1,930,843

    I feel my offer is looking more and more...

    I feel my offer is looking more and more reasonable … 😉
  21. Thread: Bitcoin

    by tertius
    Replies
    6,925
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    1,930,843

    Well, my fundamental problem is that implementing...

    Well, my fundamental problem is that implementing PoS to a coin that is already highly centralised and largely controlled by a small number of individuals, will simply cement and extend that...
  22. Thread: Bitcoin

    by tertius
    Replies
    6,925
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    1,930,843

    :D

    :D
  23. Thread: Bitcoin

    by tertius
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    I have no problem "putting my money where my...

    I have no problem "putting my money where my mouth is" I just wanted to ensure that I understood correctly what you were proposing. I'm not sure a one way bet is very interesting but I'll stand by...
  24. Thread: Bitcoin

    by tertius
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    Hmm, so you are simply suggesting I pay up £50 if I'm wrong? With no counterparty?

    Regarding your seven bets I would judge you will win: 2., 4. and 5.; I don't think you'll win 1. and I'm not...
  25. Thread: Bitcoin

    by tertius
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    £50 from me to the fundraiser if ETH’s market cap exceeds BTC’s (using say Coinmarketcap as the source)?

    Assuming the same from you if wrong then yes of course.

    Edited to say: sorry missed the...
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