I have some ERC-20 BNB tokens I bought back in 2017. I can't trade them in on Binance.US. Does anyone know if it's easy to trade them in on Binance International? Could I easily create an account with a VPN and do it? Would anyone be willing to do an OTC trade if necessary?

I am looking into starting my own crypto Roth IRA which would be self-directed. From the sounds of it, I need to set up an LLC as a holding company. I was wondering in anyone else has any experience in doing this, how you did it, how much it costs and any other recommendations.

How is BCH suppose to scale on chain only? Increase block size everytime they fill up? Pretty soon you'll have 8 GB blocks. The only way to scale is off chain, but I wish BCH the best.

Maybe he should stay away from it then.

I know there are a few other sports betting projects at the moment, but I have not been following their progress. Has anyone else been following them? Is Wagerr really going to have the first mover advantage with this?

I got my refund instantly.

I may be interested in hedging my position if BTC pumps to extraordinary levels again. I do not trust the centralized Tether currency to do this and was wondering if it is safer to hedge in BitUSD or BitCNY or something else? Is it as simple as buying BTS and then buying the currency on the decentralized exchange? Is there any counterparty risk when buying on these assets?

Forgot Bitcoin Rhodium.

https://www.bitcoinrh.org/

In 2013, people realize how successful BTC was, enter the SHITCOIN era.

In 2016, people realize how successful ICOs were, enter the SHITTOKEN era

Now, people realize how successful forks can be, enter the SHITFORK era.

Someone should tell Alison she's investing in a ponzi scheme. They've been popping up all around cryptoland for a while now. Bitcoin is not a ponzi, but USI-Tech is.

It looks like the end could be near for BitConnect. I wonder if they are selling all their BCC grabbing every last bid on their order book? I can't wait for this ponzi to implode, I've been waiting too long now. If only I could have bought those put options...............

I haven't been watching BCC that much lately since all the investors here are hopelessly brainwashed with thoughts of riches. I just looked at it today and kind of wonder if this is it again. When I saw the CoinTelegraph article, I was really quite shocked. Then everyone was calling them out and unfollowing their Twitter. Funny and sad at the same time. I really hope this is it for them, but you never know, maybe they'll pull off another miracle and survive a few more months.

In other words, if you run a crypto exchange in Japan, declaring yourself bankrupt is the most profitable thing you can do. The world is laughing at you Japan.

If Karpeles feels any sense of responsibility for the damage he's done, he'll take his "winnings" and voluntarily refund them all to the creditors who rightfully deserve them.

His analysis is incorrect. Mining profits are diluted as more miners enter the market. If miners are complaining about their lack of profits, it's because there are too many of them competing for the same block reward and transaction fee resources.

It's a tough world, mining booms and busts are nothing new. They will simply need to shutdown and take the loss so that mining becomes more concentrated and profitable to the remaining miners.

I'm no expert on cryptography, but it is possible to break some of it with quantum computing. Current computer technology prohibits deriving a private key due to mathematical limitations. Quantum computing would allow someone to derive a private key using the Shor algorithm. There are ways that BTC could survive in the quantum age, but it will need some upgrading. I know there's been talk of adding Shor signatures and maybe POW will need to be changed someday, but I'm not worried about it right now.

I like the idea, but think it might be a bad time to implement it. Wait until mass adoption occurs to eliminate the stereotype that it's for tax evasion and criminals, then add CT. No one will be able to stop it then.

Only low enough to ensure that mining is profitable indefinitely, I'm not suggesting a specifically defined numerical hashrate, but a lot of these miners seem to be trying to make a quick buck. History is full of mineral commodity booms and busts, this is a digital mining boom that will bust. The argument that we need the current hashrate for security reasons is complete non-sense. BTC isn't going to be attacked even though we just lost 50% of the miners. No one has the hash power to attack it except the miners themselves, which would be suicide.

If this Chapman guy thinks BTC needs to be $300,000 in 2022 to make mining profitable, well he's wrong. If the price is only 10% of that, then 90% of the unprofitable miners will need to shutdown and the 10% that are left will be the profitable ones. I'm willing to bet BTC still won't be attackable at that hashrate.

Who knows what Bitmain will be shitting out and where Moore's Law will put us? For all we know, a profitable hash rate may be 100x higher that it is today.

Then again, maybe I'm being pessimistic about price and we may indeed be at $300,000 in a few years.


Just that we're in a mining bubble and the miners of today are likely to go bust in a few years as the block reward drops off and people switch to zero fee lightning.

I've wondered about this before. How much security do we really need? The hash rate is a measure of security, but it is so exorbitantly high that no single individual will come close to it attacking it.

If half the miners dropped out, like they just did to go mine BCH, would that be such a bad thing? Difficulty will readjust, BTC will still hum along. Eventually the only thing that will make BTC profitable will be if enough people adopt it and transaction fees pay the difference in electrical costs since block rewards will drop off.

Am I missing something? Of course we want security, but I really don't think we need this much. From my perspective, we are in the mining bubble stage. Unless hash rate drops so low that it could be attacked, there shouldn't be a real need to worry.

Well said. I've had enough of the miners complaining how they know what's best for BTC. If they want 2x, they can have it. When users decide that they want Core because they are better, smarter and more ethically minded, the miners will realize they made the mistake of their life when their ASICs become racks of useless e-waste.

$ of volume comes from here:

https://www.federalreserve.gov/paymentsystems/fedfunds_ann.htm

https://blockchain.info/charts/estimated-transaction-volume-usd

Fedwire daily transactions in 2016 were roughly 2000 times higher than the last 4 months of daily BTC transactions. Thus it would require a BTC price 2000 times higher to match this same volume.

Mathematically speaking, all I did was a linear extrapolation. Extrapolations like this are not expected to be perfect, but can provide ballpark estimates. It makes some assumptions that are purely hypothetical, not necessarily probable. I do not expect this to occur. But even if BTC takes 1% of this, that is still a price 20 times higher than today. It is hard to value BTC without some numerical measure to compare it. But when people like Buffett say BTC is a bubble worth $0 because it has no yield, he's not comparing it to already existing systems that have been numerically valued and from which BTC intends to take away market share.

If you want to value BTC, you need to compare it to something else you know can be accurately measured and valued. Many people right now are just price speculating, and they are the weak hands who are going to be shaken from the market when it dips. Assigning value based on volume, market cap or something else is the only way we can decide what the price should be.