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Thread: Bitcoin

  1. #6301
    Grand Master hogthrob's Avatar
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    Quote Originally Posted by Raffe View Post
    One of the smaller Jupiter moons?
    Uranus

  2. #6302
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    Quote Originally Posted by Fender View Post
    Er, I still have a couple of grand in Binance.

    Do I pull it out and take the loss, or keep it in and lose everything like a gentleman?
    You could take it out and put it into a hardware wallet and keep it there.
    Someone who lies about the little things will lie about the big things too.

  3. #6303
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    Quote Originally Posted by Raffe View Post
    You could take it out and put it into a hardware wallet and keep it there.
    Ah yes, cheers.

  4. #6304
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    Another one bites the dust. Crypto miner Core Scientific to file for bankruptcy today.
    https://www.cnbc.com/2022/12/20/bitc...ep-mining.html





    Next: Argo Blockchain.
    Someone who lies about the little things will lie about the big things too.

  5. #6305
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    Quote Originally Posted by Raffe View Post
    Next: Argo Blockchain.
    Form an orderly queue please.

    Greenidge Generation Executes Term Sheet with Secured Lender NYDIG Regarding Debt Renegotiations; Provides Liquidity Update

    https://www.prnewswire.com/news-rele...301706932.html

  6. #6306
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    Wish I'd gone with my gut feeling way back.. knew there was no way prices could stay like they were, and I came close to cashing out so many times. Now I can't bear to lose what I have on the off chance it might recover somewhat so I may as well just let my small investment either do something in a few years, or slide into oblivion.

  7. #6307
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    Any recommendations for hardware wallets?

    'Not your keys, not your crypto' seems to be more true than ever at the moment.

  8. #6308
    Quote Originally Posted by Doug86 View Post
    Any recommendations for hardware wallets?

    'Not your keys, not your crypto' seems to be more true than ever at the moment.
    I use Ledger

    Sent from my XQ-CQ54 using Tapatalk

  9. #6309
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    Bought into BTC for the first time today, the fallout from SBF's arrest looked like a possible bottom.
    Last edited by J J Carter; 21st December 2022 at 21:32.

  10. #6310
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    Quote Originally Posted by J J Carter View Post
    Bought into BTC for the first time today, the fallout from SBF's arrest looked like a possible bottom.
    Hopefully safely stored on a hardware wallet, not left on an exchange!

  11. #6311
    Grand Master Raffe's Avatar
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    Argo Blockchain +80% because ...... they are not yet declaring bankruptcy.

    Suppose we are counting this as good news and determine they will live to see 2023. Whether they live to see February of 2023, to be determined. Maybe will be worth another +80% at the time, from whatever base they will be trading on that day.


    Meanwhile, Saylorman buys another $42 mio worth of bitcoin, can't help but note that he is already more than 8% under water the day they announce it; and somehow I also have the feeling that he used to be in command of bigger bags pockets last year....?

    How is this POS is still trading at $140 per share? It's a clean zero.
    Someone who lies about the little things will lie about the big things too.

  12. #6312
    Master petethegeek's Avatar
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    Quote Originally Posted by Raffe View Post
    Meanwhile, Saylorman buys another $42 mio worth of bitcoin...
    Ah, but they're also doing some of that clever tax stuff as well.

    • On December 22, 2022, MacroStrategy sold approximately 704 bitcoins for cash proceeds of approximately $11.8 million, at an average price of approximately $16,776 per bitcoin, net of fees and expenses. MicroStrategy plans to carry back the capital losses resulting from this transaction against previous capital gains, to the extent such carrybacks are available under the federal income tax laws currently in effect, which may generate a tax benefit.

    • On December 24, 2022, MacroStrategy acquired approximately 810 bitcoins for approximately $13.6 million in cash, at an average price of approximately $16,845 per bitcoin, inclusive of fees and expenses.

    https://www.microstrategy.com/conten...12-28-2022.pdf

    Note also from the same filing that they still seem to be finding people willing to purchase new shares from their previous off the shelf arrangement to fund it.

    Might I suggest that a regular dose of Jemima helps in keeping a grip on reality?

    https://twitter.com/jemimajoanna/sta...55366201446400

    https://www.ft.com/content/bd850edf-...9-e0da314f5729

    or

    https://archive.ph/vr4AC
    Last edited by petethegeek; 28th December 2022 at 21:51. Reason: Added archive link

  13. #6313
    Grand Master Raffe's Avatar
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    Another one bites the dust: Solana. The most useless and buggy protocol in all of web3. The spiral of death has started, it will now first consume a few rounds of dip buyers until it hits close to zero.

    Good to see yet another project backed by a16z going to the dogs, how long until everybody realises what morons they are?
    Someone who lies about the little things will lie about the big things too.

  14. #6314
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    Quote Originally Posted by chicaneuk View Post
    Wish I'd gone with my gut feeling way back.. knew there was no way prices could stay like they were, and I came close to cashing out so many times. Now I can't bear to lose what I have on the off chance it might recover somewhat so I may as well just let my small investment either do something in a few years, or slide into oblivion.
    Well...you know the old saying....
    'It's not actually a loss until you crystallise it"

  15. #6315
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  16. #6316
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    I never really understood NFTs...it always seemed like investing in an even more worthless digital asset than BTC, one that had nearly no liquidity. Seems that is the case...

    https://www.theguardian.com/technology/2022/dec/29/unsellable-worthless-nfts-tax-write-off

  17. #6317
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    Quote Originally Posted by Christian View Post
    I never really understood NFTs...it always seemed like investing in an even more worthless digital asset than BTC, one that had nearly no liquidity. Seems that is the case...

    https://www.theguardian.com/technology/2022/dec/29/unsellable-worthless-nfts-tax-write-off
    Completely agree that NFT JPEG’s were worthless, but completely disagree that the NFT concept is worthless. To have an indisputable record of ownership of an asset and the ability to transfer the asset peer to peer, without intermediary is very important and will be the basis, I believe, of a lot of proof of ownership going forward

    It’s just a shame the concept got known by the buying and selling of jpegs

    I imagine Land Registry as an example of what could be on an NFT blockchain, DVLA etc etc

  18. #6318
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    Nobody more bearish on Crypto than Joe -


  19. #6319
    Grand Master Raffe's Avatar
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    Quote Originally Posted by demonloop View Post
    Completely agree that NFT JPEG’s were worthless, but completely disagree that the NFT concept is worthless. To have an indisputable record of ownership of an asset and the ability to transfer the asset peer to peer, without intermediary is very important and will be the basis, I believe, of a lot of proof of ownership going forward

    It’s just a shame the concept got known by the buying and selling of jpegs

    I imagine Land Registry as an example of what could be on an NFT blockchain, DVLA etc etc
    I have been hearing about using blockchain as proof of asset ownership for the best part of the last ten years. Why are there still no real life applications?
    Someone who lies about the little things will lie about the big things too.

  20. #6320
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    Quote Originally Posted by Raffe View Post
    I have been hearing about using blockchain as proof of asset ownership for the best part of the last ten years. Why are there still no real life applications?
    ... because it's not needed...?

  21. #6321
    Master mr noble's Avatar
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    More and more uses coming online. It’s great technology for many things.


    https://www.yahoo.com/entertainment/...wOSJ1R5KxMJTm5

  22. #6322
    Grand Master Raffe's Avatar
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    Quote Originally Posted by mr noble View Post
    More and more uses coming online. It’s great technology for many things.


    https://www.yahoo.com/entertainment/...wOSJ1R5KxMJTm5
    50 quid charity bet that this has gone nowhere twelve months from today?
    Someone who lies about the little things will lie about the big things too.

  23. #6323
    Grand Master Raffe's Avatar
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    Oh look, here is a use case:

    Investors convert ‘totally worthless’ NFTs into tax write-offs
    https://www.theguardian.com/technolo...-tax-write-off
    Someone who lies about the little things will lie about the big things too.

  24. #6324
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    You still owe fifty ;=)

    (Hope yr well Raffe, just passing through)

  25. #6325
    Grand Master Raffe's Avatar
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    Quote Originally Posted by Hewjardon View Post
    You still owe fifty ;=)

    (Hope yr well Raffe, just passing through)
    Who owes fifty to whom?

    There is one bet that comes to conclusion tonight which I will lose, everything else has been settled.
    Someone who lies about the little things will lie about the big things too.

  26. #6326
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    You to me, from around 2019 ish.
    Its in DM's, and its my bad for not collecting, which I'm not seeking to do now.

  27. #6327
    Grand Master Raffe's Avatar
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    Quote Originally Posted by Hewjardon View Post
    You to me, from around 2019 ish.
    Its in DM's, and its my bad for not collecting, which I'm not seeking to do now.
    C'mon, before you accuse me on the open forum you could at least make an effort to look it up.




    Last edited by Raffe; 31st December 2022 at 11:36.
    Someone who lies about the little things will lie about the big things too.

  28. #6328
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    Quote Originally Posted by Raffe View Post
    C'mon, before you accuse me on the open forum you could at least make an effort to look it up.




    Your DMs are better kept than mine.
    In any event, it doesnt matter and certainly wasnt meant to be acusatory, which frankly, looked pretty fucking obvious.

  29. #6329
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    Quote Originally Posted by Hewjardon View Post
    Your DMs are better kept than mine.
    In any event, it doesnt matter and certainly wasnt meant to be acusatory, which frankly, looked pretty fucking obvious.
    Why cant you chaps keep a civil tongue in the G&D. you really must be gutter mouths in real life...

  30. #6330
    Grand Master Raffe's Avatar
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    Quote Originally Posted by redmonaco View Post
    Why cant you chaps keep a civil tongue in the G&D. you really must be gutter mouths in real life...
    Who are you referring to with "you chaps"?
    Someone who lies about the little things will lie about the big things too.

  31. #6331
    Grand Master Raffe's Avatar
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    Quote Originally Posted by Hewjardon View Post
    Your DMs are better kept than mine.
    In any event, it doesnt matter and certainly wasnt meant to be acusatory, which frankly, looked pretty xxx obvious.
    It does matter and I take objection to your attitude. An apology is in order.
    Someone who lies about the little things will lie about the big things too.

  32. #6332
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    Quote Originally Posted by redmonaco View Post
    ... because it's not needed...?
    A solution looking for problems that don´t exist unless you´re a criminal...isn´t that still crypto´s strongest usp?

  33. #6333
    Quote Originally Posted by Raffe View Post
    Who owes fifty to whom?

    There is one bet that comes to conclusion tonight which I will lose, everything else has been settled.
    Oooh ooh is that mine? I've no idea tbh I just trust you to the me I owe anything

    Sent from my XQ-CQ54 using Tapatalk

  34. #6334
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    Quote Originally Posted by Raffe View Post
    I have been hearing about using blockchain as proof of asset ownership for the best part of the last ten years. Why are there still no real life applications?
    Ever looked up the internet adoption curve? It did very little for a decade too.

  35. #6335
    Quote Originally Posted by Raffe View Post
    I have been hearing about using blockchain as proof of asset ownership for the best part of the last ten years. Why are there still no real life applications?
    We did some work with everledger who had some good backing and seem to still be around although I too can't agree with the "believers" who see the banana you buy being traceable on the block chain back to the farm it was grown in.

  36. #6336
    Quote Originally Posted by demonloop View Post
    Ever looked up the internet adoption curve? It did very little for a decade too.
    Look at the adoption curve for the World Wide Web, rather than the internet. Within a decade we had Google, Amazon etc.

    The 'technology' of blockchain has been around for 40 odd years, Bitcoin is just an implementation of it, much as WWW is just a protocol on the internet.

  37. #6337
    Grand Master Raffe's Avatar
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    Quote Originally Posted by demonloop View Post
    Ever looked up the internet adoption curve? It did very little for a decade too.
    No idea what you are talking about. E-commerce was huge in the 90s already.

    If there were any efficiencies to be raised with blockchain, it would have happened a long time ago.

    And don't get me started on Bitcoin: it's not money, it's not an investment. It's a phony something that is built on a questionable right-wing philosophy of small government/tax avoidance. It's only purpose is to to transfer wealth from the public to a circle of insiders, who have amassed enormous riches along the way and are baiting the latecomers into the belief that they can also become fancy rich by buying into the cult after it went from a fraction of a penny to $50,000. How stupid do you have to be to believe that?

    https://twitter.com/Van00sa_/status/1609380796619698178
    Last edited by Raffe; 1st January 2023 at 19:45.
    Someone who lies about the little things will lie about the big things too.

  38. #6338
    I have yet to find anyone that is ignorant about blockchain and cryptocurrency that isn’t, well, ignorant.

    To have an opinion after reading one or two articles from some spurious media outlet is foolish.

    Study. Read. Learn.

    Then come back with an opinion.

    This is as big as the internet. That was a revolution; a democratisation of information.

    This is the democratisation of value and provenance.

    Only time will tell, but people (unfortunately) value money over information. So it will likely be bigger.

    Quote Originally Posted by Raffe View Post
    No idea what you are talking about. E-commerce was huge in the 90s already.

    If there were any efficiencies to be raised with blockchain, it would have happened a long time ago.

    And don't get me started on Bitcoin: it's not money, it's not an investment. It's a phony something that is built on a questionable right-wing philosophy of small government/tax avoidance. It's only purpose is to to transfer wealth from the public to a circle of insiders, who have amassed enormous riches along the way and are baiting the latecomers into the belief that they can also become fancy rich by buying into the cult after it went from a fraction of a penny to $50,000. How stupid do you have to be to believe that?

    https://twitter.com/Van00sa_/status/1609380796619698178

  39. #6339
    Quote Originally Posted by proby24 View Post
    I have yet to find anyone that is ignorant about blockchain and cryptocurrency that isn’t, well, ignorant.

    To have an opinion after reading one or two articles from some spurious media outlet is foolish.

    Study. Read. Learn.

    Then come back with an opinion.

    This is as big as the internet. That was a revolution; a democratisation of information.

    This is the democratisation of value and provenance.

    Only time will tell, but people (unfortunately) value money over information. So it will likely be bigger.
    I've found that advocates always assume that people making counterarguments don't understand blockchains. They are pretty simple to understand. They just aren't particularly useful. If they were, someone would have found plenty of uses for them in the last 40 years.

    I'd love to hear your thoughts on why you think this is 'bigger than the internet'.

  40. #6340
    Grand Master Raffe's Avatar
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    Study. Read. Learn.

    Last edited by Raffe; 2nd January 2023 at 08:32.
    Someone who lies about the little things will lie about the big things too.

  41. #6341
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    Quote Originally Posted by proby24 View Post
    I have yet to find anyone that is ignorant about blockchain and cryptocurrency that isn’t, well, ignorant.

    To have an opinion after reading one or two articles from some spurious media outlet is foolish.

    Study. Read. Learn.

    Then come back with an opinion.

    This is as big as the internet. That was a revolution; a democratisation of information.

    This is the democratisation of value and provenance.

    Only time will tell, but people (unfortunately) value money over information. So it will likely be bigger.
    Sounds grand but by Democratisation of value and provenance…you mean to bypass the regulated banking system and laws through a Dog coin or monkey tokens?

  42. #6342
    Grand Master Christian's Avatar
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    The BTC white paper was published in 2008…15-years ago. All I see so far is a ponzi scheme/gambling opportunity based on people’s desire to get-rich-quick. That and people sounding almost religious saying “it’s coming”.

  43. #6343
    Quote Originally Posted by Christian View Post
    The BTC white paper was published in 2008…15-years ago. All I see so far is a ponzi scheme/gambling opportunity based on people’s desire to get-rich-quick. That and people sounding almost religious saying “it’s coming”.
    The blockchain research that Bitcoin was based on was published in 1982.

  44. #6344
    Grand Master Raffe's Avatar
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    Quote Originally Posted by mr noble View Post
    More and more uses coming online. It’s great technology for many things.


    https://www.yahoo.com/entertainment/...wOSJ1R5KxMJTm5
    Quote Originally Posted by Raffe View Post
    50 quid charity bet that this has gone nowhere twelve months from today?

    Anything?
    Someone who lies about the little things will lie about the big things too.

  45. #6345
    Quote Originally Posted by Raffe View Post
    Study. Read. Learn.

    That videos is really worth watching if anyone is hazy on crypto, NFTs etc. - it's not complicated. It's just kept deliberately vague by advocates because they actually don't *want* you to understand it, otherwise it loses its mysterious power. Think of the Wzard of Oz.

  46. #6346
    Master mr noble's Avatar
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    Quote Originally Posted by Raffe View Post
    Anything?
    I dont give enough sh1ts about whether BMW incorporate blockchain tech or not, to want to have a bet on it.

    What about my Argo bet?
    Last edited by mr noble; 2nd January 2023 at 18:26.

  47. #6347
    Grand Master Raffe's Avatar
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    Quote Originally Posted by mr noble View Post
    I dont give enough sh1ts about whether BMW incorporate blockchain tech or not, to want to have a bet on it.

    What about my Argo bet?
    There was a taker yesterday, Davey.
    Someone who lies about the little things will lie about the big things too.

  48. #6348
    Yep, I'm up for it, 100 quid even

    Sent from my XQ-CQ54 using Tapatalk

  49. #6349
    Grand Master Raffe's Avatar
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    It's open season in the land of ponzi schemes: Winklevoss twins vs Barry Sibert in the fight for exit liquidity. Loving it.




    Gotta love Cameron posing as the defender of single moms and school teachers. Wondering what he will make up when he realises Barry has no intention paying back his money? I am so here for this sh1teshow.
    Last edited by Raffe; 2nd January 2023 at 21:02.
    Someone who lies about the little things will lie about the big things too.

  50. #6350
    Master mr noble's Avatar
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    Quote Originally Posted by Raffe View Post
    There was a taker yesterday, Davey.


    My bet proposal was with you. If you’re not keen that’s ok, I’m not desperate to have a bet, just a bit of fun.

    No bad vibes to Davya, it was just in the hope of winning back the one I lost with Raffe this year.

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