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joustmaster said:
They've got to cover themselves for all sorts of money crimes.
I signed up for one the other day where I had to do a selfie with my passport or driving license.

It got approved in a few hours, and my cocaine arrived a day later!
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I think you should be a bit more careful than that? My friend just texted saying "whatever you do don't go shopping with coins bought on bitstamp , they are highly connected to your identity for obvious reasons, in about a month they'll be easier to clean.."
:confused:
(but he is self-confessedly more than a bit paranoid).
 
bimble said:
I think you should be a bit more careful than that? My friend just texted saying "whatever you do don't go shopping with coins bought on bitstamp , they are highly connected to your identity for obvious reasons, in about a month they'll be easier to clean.."
:confused:
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I'm not that bothered. I'm getting it posted to my flat.
I've bought drugs with my credit card before. I really don't think they care about the users.

If I'm selling then I will obviously do it very differently.
 
If there's a group of people who are really impatient, it'll be coke users.

Edit: multiple posts while I was posting on my phone.
 
joustmaster said:
I'm not that bothered. I'm getting it posted to my flat.
I've bought drugs with my credit card before. I really don't think they care about the users.
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Not quite the attitude the FBI took on Operation WebTryp/Ismene (half the people bust were from Bluelight btw) but hey, the internet's grown since then.

BBC NEWS | England | Arrests in online drugs operation

(And if you think the end of that report makes it sound alright, bear in mind everyone got their door kicked in at 6am and people lost their jobs and ended up on the front of their local papers)
 
Well that process (of getting bitstamp to let me in) took ages, finally got past security now, after like a week of sending them stuff. . What a humungous fuss, just so as i could join in the ride at possibly the silliest moment. :facepalm:
 
So will we have one, two or three bitcoins by the end of today? It's crazy town right now in the already mental world of crypto.
 
So have bitcoin holders (who have control of their private keys) just been given a fat stack of money dreamt out of thin air? Or will the bitcoin cash rocket do a sharp hairpin and crash as soon as it's tradable?
 
The roller-coaster is grinding and cranking its way up... How far will it go and how fast will the down ride be?

Once the lightning network gets up and running, I think btc will start becoming mainstream.
 
blimey. If i was a clever person i'd probably try to swap out now, its' gone up in value by not far off half in these two weeks?!
 
bimble said:
blimey. If i was a clever person i'd probably try to swap out now, its' gone up in value by not far off half in these two weeks?!
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I bought some bitcoins around £600 in december iirc. that's 6x in 8 months. Question is when/whether it crashes and burns back down to tens or hundreds of pounds in value just as quickly, or indeed to nothing at all. Or continues to rise in price.
 
What goes up etc. I can't think of anything that's an exception to that rule, apart from in outer space maybe..
Edit: bitcoin evangelist friend just said he reckons they'll be 100k a coin before 2020, and he started when they were £3 each so I suppose he has a different perspective.
 
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It's a question of whether there will be mainstream use rather than hobby/speculative use. If, in 3 years time ,you will be paying for shopping, etc using btc, or will banks use it for international settlement, or will people use it for remittances, etc. Or will it have fizzled out.

In this sense it is either under or over valued. It's either still dirt cheap, or hilariously overpriced.
 
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In the sense that money is a shared fancy, and that capitalism is endlessly inventive in generating peculiar and unlikely ways of inventing wealth - bitcoin is just the latest in a long line of odd creations.
 
Can anyone explain to me why my blockchain wallet wants to charge me £4.60 transaction fee for £23 transfer? That is crazy expensive! I checked the prevailing best value transaction fee recommendation from some index and it said 450 satoshis /byte- and inputting that put the fee up to £6.70! That's around 20% fee to make a transaction which is not going to happen.
Cam anyone explain what is going on to me?
 
Fees for fast processing are high at the moment. The segwit solution isn't bedded in yet. Just have to accept slower confirmation if you don't want to pay much.
 
So I just reran the transaction and the fee is now £1.30.
That is fluctuating so much as to be too unpredictable to be sustainable as a currency.
 
mwgdrwg said:
Litecoin is much faster and with smaller fees, much better as currency I think.
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I agree, bollocks to all this settlement layer nonsense, coffee-kaufing is what it should be about. If you'd like to get rid of any pesky slomo bitcoin still knocking about I'd be happy to take them off your hands for a small fee and dispose of them for you.:)
 
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