Bitcoin and everything associated with it. The home of cryptomaniacs and their adversaries. - page 307
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Yes, with a legal ban on transactions through crypto.
Are you a realist or what? Often two countries can't agree on small things, and you're talking about such global things as exchanges around the world. Let them wipe out drugs first.
Soon. But very soon.
early, early, I was thinking of selling. )))
ZS: OK, we're sitting up to a lm ))))early, early, I was thinking of selling. )))
ZS: ok, we're sitting up to a lm ))))What's a pound?
What's a lakh?
that's where we sit )
Are you a realist or what? Often two countries cannot agree on small things, and you are talking about such global things as stock exchanges around the world. Let them destroy drugs first.
It is elementary to agree on this. An exchange cannot exist without publicly known bank accounts. It is enough just to announce that exchanges will be shut down and create a precedent, and crypto will collapse almost to zero. Because everyone will realise that at any moment the exchange could be shut down. No one will want to store anything in crypto. Miners will try to get rid of namain, but won't be met with those willing to exchange fiat for crypto.
You would think that this would also be the way to collapse gold, for example. For example, ban the exchange trading of gold. But unlike crypto, gold is tangible, and that's why it can be used in different material products. The same cannot be said of crypto. So you can bury crypto in a week if you want to.
I wonder how much pure fiat (minus electricity) is invested in crypto?
An exchange cannot exist without publicly known bank accounts.
btc-e has existed since 2011 in a grey area. But that's fine. Bank accounts are not necessary. Payment systems, p2p exchanges like localbitcion, marketplaces without fiat directly involved -- one way or another the price will be set and schemes will be found.
It's a very resilient ecosystem. incredibly resilient.
Too early, too early, I was thinking of selling. )))
ZS: OK, we're sitting up to a lakh ))))Guys, I'm in too, I'm in too! We're sitting on 2,000 bucks, you can't intimidate us with a tap!
Those who work with crypto exchanges have noticed that many tickers are now called btcusd instead of btcusdT. This is because the crypto is not exchanged for dollars but for Tether - a cryptocurrency whose exchange rate is equal to 1:1 to the dollar. Exchanger can not deal with fiat at all - make deposit/withdrawal only via cryptocurrency and use Tether instead of usd if it will be strongly needed. There are no such analogues with euro and ruble yet, but they may appear.
If after btc-e events are followed by new closures of exchanges using fiat money, exchanges will simply give up fiat money and password protect their databases in response.
There are not many problems with depositing/withdrawing common money to exchanges, which do not work with fiat. There are services that will charge your credit card and add bitcoins, and there are services that will make you an debit card that you can add bitcoins to and withdraw cash from ATMs. It may seem too complicated for ordinary people, but if one is active in cryptocurrency trading then completing two online applications for these services will be easy.
It is elementary to agree on this. An exchange cannot exist without publicly known bank accounts. All it takes is a simple announcement that exchanges will be shut down and a precedent set, and crypto will collapse to almost zero. Because everyone will realise that at any moment the exchange could be shut down. No one will want to store anything in crypto. Miners will try to get rid of namain, but won't be met with those willing to exchange fiat for crypto.
You would think that this would also be the way to collapse gold, for example. For example, ban the exchange trading of gold. But unlike crypto, gold is tangible, and that's why it can be used in different material products. The same cannot be said of crypto. Therefore, you can bury crypto in a week if you want to.
I wonder how much pure fiat (minus electricity) is invested in crypto?
See highlighted, one word is missing - universal. Everything is theoretically possible, communism is theoretically an ideal system, but reality is hitting the idealists hard in the face. Man is wolf to man, even in the same pack. Drugs are evil? Yes. Can they be defeated by a universal effort? Yes easily, but in an ideal world where there are bad drug dealers and ideal rulers, police etc. The real outcome is known to all. Let alone any crypto.
Are the same offors evil to the states? Yes. Have they been shut down? No. Instead of crushing offshore islands in an hour, the mighty US is climbing onto BV for some fuckin' reason. Ever wonder why that is?
Well and Combinator wrote correctly earlier about the survivability of the network.
Bank accounts are not necessary. Payment systems, p2p exchanges like localbitcion, marketplaces without direct fiat involvement -- one way or another the price will be set and schemes will be found.
It's a very resilient ecosystem. incredibly resilient.
Binding, no matter how much they try to disguise themselves as accepting money surrogates a la Webmoney and the like. Nothing prevents PayPal from being regulated, apart from the possible human factor.
The state system always has a switch. But the will may not.
Those who work with crypto exchanges I think have noticed that many tickers are now called btcusd, not btcusdT. This is because the crypto is not exchanged for dollars but for Tether - a cryptocurrency whose exchange rate is equal to 1:1 to the dollar. Exchanger can not deal with fiat at all - make deposit/withdrawal only via cryptocurrency and use Tether instead of usd if it will be strongly needed. There are no such analogues with euro and ruble yet, but they may appear.
If after btc-e events are followed by new closures of exchanges using fiat money, exchanges will simply give up fiat money and password protect their databases in response.
There are not many problems with depositing/withdrawing common money to exchanges, which do not work with fiat. There are services that will charge your credit card and add bitcoins, and there are services that will make you an debit card that you can add bitcoins to and withdraw cash from ATMs. It may seem too complicated for common people, but if one is active on crypto exchanges then completing two online applications on those services will be easy for them.
The backbone of these services are fiat exchanges, where fiat is seen in a broader sense - surrogates. To give Yandex.Money a kick in the tower - all it takes is the command "Fass!