Conversation

Notices

1. Annah (maiyannah)'s status on Sunday, 03-Dec-2017 04:41:25 UTC Annah

   Remote profile options...
   The price of bitcoin is of little practical value to me because aint nobody going to be able to properly cash out.
   • LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} and Bob Mottram repeated this.
   • Annah (maiyannah)'s status on Sunday, 03-Dec-2017 20:47:42 UTC Annah

     Remote profile options...

     • Aemon
     @aemon This argument is a fallacy of hyperbole.
     
     What's more realistic is expecting that I can, if I want to, withdraw the 1500$ I currently have in my bank account.  Which I can in fact do, and have done in the past.   It would not be reasonable to expect to 'cash out' say, 100,000 dollars, at least without some notice given to the bank to make arrangements.  But right now, I have had difficulty even 'cashing out' the 5$ worth of bitcoin that someone donated to the instance, because most places have 20$ minimums (and take forever anyways)
   • Annah (maiyannah)'s status on Sunday, 03-Dec-2017 20:51:33 UTC Annah

     Remote profile options...

     in reply to

     • Aemon
     @aemon I do think that digital currency is the way of the future, but Bitcoin isn't it.  Still, while it has its problems, for the first mainstream outing in the field it didn't do too poorly.
     
     I do however find the "value" ascribed to bitcoin ludricous considering the currency itself has a very low acceptance rate in the field of "things I actually need in my everyday life.."
     Bob Mottram likes this.
     Bob Mottram repeated this.
   • Annah (maiyannah)'s status on Sunday, 03-Dec-2017 21:42:39 UTC Annah

     Remote profile options...

     • Aemon
     @aemon Well, when Bitcoin starts flogging exorbitant-interest rate mortgages, we'll know they've jumped the shark.
   • ​ (benis)'s status on Sunday, 03-Dec-2017 22:32:57 UTC ​

     Remote profile options...

     in reply to

     • Aemon
     @maiyannah @aemon ohshitohshit thanks guys!
     https://archive.is/DEZ0c
     >Coinbase ordered to give the IRS data on users trading more than $20,000
     !cryptocurrency #Bitcoin
     Annah likes this.
     Annah repeated this.
   • LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1)'s status on Sunday, 03-Dec-2017 22:56:28 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}

     Remote profile options...

     in reply to

     • Aemon
     • ​
     @benis @maiyannah @aemon
     
     Another reason that I cannot understand why someone would give their bank information and Social Security Number to a (so far) unregulated #cryptocurrency exchange. Besides the demonstrated lack of internal controls in the industry (and resultant internal and external theft), there is always the potential that the info will be seized by government authorities seeking to catch tax avoiders and drug distributors and (mostly imaginary) #terrorists.
   • Aemon (aemon)'s status on Thursday, 07-Dec-2017 21:37:59 UTC Aemon

     Remote profile options...

     @maiyannah

     Ha!!! They got cold feet! https://www.cnbc.com/2017/12/07/bitcoin-futures-push-back-by-wall-street-banks.html

     Annah repeated this.