Coinbase Ordered to Turn Over Identities of Cryptocurrency Traders to the IRS

Eva_ wrote:

Pinochet wrote:

Eva_ wrote:Si gledal projekcije za iduću godinu?

jesam .. idu ovako

od 0$ do 100 000$ za BTC (i druge )

Danas pada, sad je na 9,88 k $, no preko vikenda obično naraste. Tak je prošli vikend otišao gore za 1,5 K

ne isplati se gledati te dnevne fluktuacije oko par posto gore dolje.. gledaš dugoročni trend. to je normalno za BTC. naraste za 30% u roku par dana.. dosegne novi "rekord", onda padne za 10%, tu se stabilizira neko vrijeme, pa ponovo skoči naprijed.

da bi jedan BTC vrijedio par milijuna $, kako neki dugoročno predviđaju, mora postati mainstream

https://www.reddit.com/r/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/


I am sending this message from the year 2025. Things are looking bleak here, and some of you will carry blood on your hands.
If you don't believe me, please move on, as I have no way of proving to you I'm really who I claim to be.
I don't want to waste any of your time, so I'm merely going to explain what happened.
On average, every year so far, the value of Bitcoin has increased by about a factor ten. From 0.1 dollar in 2010, to 1 dollar in 2011, to 10 dollar in 2012, to 100 dollar in 2013. From now on, there's a slight slowdown, as the value increased by a factor ten every two years, to 1,000 dollar in 2015, to 10,000 in 2017, 100,000 in 2019, and 1,000,000 in 2021. From here onwards, there's no good way of expressing its value in dollars, as the dollar is no longer used, nor is any central bank issued currency for that matter. There are two main forms of wealth in today's world. Land and cryptocurrency.
There are just over 19 million Bitcoin known to be used in the world today, as well as a few hundred thousand that were permanently lost, and we're still dealing with a population of just over 7 billion people today. On average, this means the average person owns just under 0.003 bitcoin. However, due to the unequal distribution of wealth in my world, the mean person owns just 0.001 bitcoin. That's right, most of you reading this today are rich. I personally live next to an annoying young man who logged into his old Reddit account two years ago and discovered that he received a tip of 0.01 Bitcoin back in 2013 for calling someone a "faggot" when he was a 16 year old boy. Upon making this discovery he bought an airline ticket, left his house without telling anyone anything and went to a Citadel.
"What is a Citadel?" you might wonder. Well, by the time Bitcoin became worth 1,000 dollar, services began to emerge for the "Bitcoin rich" to protect themselves as well as their wealth. It started with expensive safes, then began to include bodyguards, and today, "earlies" (our term for early adapters), as well as those rich whose wealth survived the "transition" live in isolated gated cities called Citadels, where most work is automated. Most such Citadels are born out of the fortification used to protect places where Bitcoin mining machines are located. The company known as ASICminer to you is known to me as a city where Mr. Friedman rules as a king.
In my world, soon to be your world, most governments no longer exist, as Bitcoin transactions are done anonymously and thus most governments can enforce no taxation on their citizens. Most of the success of Bitcoin is due to the fact that Bitcoin turned out to be an effective method to hide your wealth from the government. Whereas people entering "rogue states" like Luxemberg, Monaco and Liechtenstein were followed by unmanned drones to ensure that governments know who is hiding wealth, no such option was available to stop people from hiding their money in Bitcoin.
Governments tried to stay relevant in my society by buying Bitcoin, which just made the problem worse, by increasing the value of Bitcoin. Governments did so in secret of course, but my generation's "Snowdens" are in fact greedy government employees who transferred Bitcoin to their own private account, and escaped to anarchic places where no questions are asked as long as you can cough up some money.
The four institutions with the largest still accessible Bitcoin balance are believed to be as following:
-ASICminer - 50,000 Bitcoin
-The IMF's "currency stabilization fund" - 70,000 Bitcoin
-Government of Saudi Arabia - 110,000 Bitcoin
-The North Korean government - 180,000 Bitcoin
Economic growth today is about -2% per year. Why is this? If you own more than 0.01 Bitcoin, chances are you don't do anything with your money. There is no inflation, and thus no incentive to invest your money. Just like the medieval ages had no significant economic growth, as wealth was measured in gold, our society has no economic growth either, as people know their 0.01 Bitcoin will be enough to last them a lifetime. The fact that there are still new Bitcoin released is what prevents our world from collapse so far it seems, but people fear that the decline in inflation that will occur during the next block halving may further wreck our economy.
What happened to the Winklevoss twins? The Winklevoss twins were among the first to die. After seeing the enormous damage done to the fabric of society, terrorist movements emerged that sought to hunt down and murder anyone known to have a large balance of Bitcoin, or believed to be responsible in any way for the development of cryptocurrency. Ironically, these terrorist movements use Bitcoin to anonymously fund their operations.
Most people who own any significant amount of Bitcoin no longer speak to their families and lost their friends, because they had to change their identities. There have been also been a few suicides of people who could not handle the guilt after seeing what happened to the bag-holders, the type of skeptical people who continued to believe it would eventually collapse, even after hearing the rumors of governments buying Bitcoin. Many people were taken hostage, and thus, it is suspected that 25% percent of "Bitcoin rich" actually physically tortured someone to get him to spill his password.
Why didn't we abandon Bitcoin, and move to another system? Well, we tried of course. We tried to step over to an inflationary cryptocurrency, but nobody with an IQ above 70 was willing to step up first and volunteer. After all, why would you voluntarily invest a lot of your money into a currency where you know your wealth will continually decline? The thing that made Bitcoin so dangerous to society was also what made it so successful. Bitcoin allows us to give into our greed.
In Africa, surveys show that an estimated 70% of people believe that Bitcoin was invented by the devil himself. There's a reason for this. It's a very sensitive issue that today is generally referred to as "the tragedy". The African Union had ambitious plans to help its citizens be ready to step over to Bitcoin. Governments gave their own citizens cell phones for free, tied to their government ID, and thus government sought to integrate Bitcoin into their economy. All went well, until "the tragedy" that is. A criminal organization, believed to be located in Russia, exploited a hardware fault in the government issued cell phones. It's believed that the entire continent of Africa lost an estimated 60% of its wealth in a period of 48 hours. What followed was a period of chaos and civil war, until the Saudi Arabian and North Korean governments, two of the world's major superpowers due to their authoritarian political system's unique ability to adapt to the "Bitcoin challenge", divided most African land between themselves and were praised as heroes by the local African population for it.
You might wonder, what is our plan now? It's clear that the current situation can not be sustained, without ending in a nuclear holocaust. I am part of an underground network, who seek to launch a coordinated attack against the very infrastructure of the Internet itself. We have at our disposal about 20 nuclear submarines, which we will use to cut all underwater cables between different continents. After this has been successfully achieved, we will launch a simultaneous nuclear pulse attack on every densely population area of the world. We believe that the resulting chaos will allow the world's population to rise up in revolt, and destroy as many computers out there as possible, until we reach the point where Bitcoin loses any relevance.
Of course, this outcome will likely lead to billions of deaths. This is a price we are forced to pay, to avoid the eternal enslavement of humanity to a tiny elite.
This is also the reason we contacted you.
It doesn't have to be like this. You do not have to share our fate. I don't know how, but you must find a way to destroy this godforsaken project in its infancy. I know this is a difficult thing to ask of you. You believed you were helping the world by eliminating the central banking cartel that governs your economies.
However, I have seen where it ends.

https://www.reddit.com/r/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/

A man threw away a hard drive held 7,500 Bitcoin mined back in 2009.
"I stopped mining when my girlfriend complained about the noise from the laptop and the heat it was producing."
During the summer of 2013, while cleaning out his desk, a Welsh man named James Howells threw away a hard drive from his broken Dell Laptop.
"You know when you put something in the bin, and in your head, say to yourself 'that's a bad idea?' I really did have that.”
At press time, Bitcoin’s price stands at $10,700, giving that trashed hard drive a value of over $80 mln. Howells isn’t the only person to experience the pain of such financial loss



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hahahaha, lik je prestao rudariti bitcoine, jer mu je cura pregovarala da mu je u sobi puno buke :D

imao je izrudarenih 7500BTCova, što vrijedi skoro 80milijuna $..

Imaju i u Zagrebu, njih 3-4 izrudarenih 150 BTC ali nemaju više šifre. A paper wallet nisu kreirali.

Eva_ wrote:Imaju i u Zagrebu, njih 3-4 izrudarenih 150 BTC ali nemaju više šifre. A paper wallet nisu kreirali.

majko isusova.


tada BTC kada su oni rudarili nije vrijedio puno, par centi, ili par dolara, pa ih nije brigalo

https://www.rt.com/business/411383-bitcoin-new-gold-bubble-kaiser/

sa Russia Today odlična rasprava, jeli BTC bubble ili nije;


Bitcoin has grown 10-fold in a year, and debate is as hot as ever whether the world’s top cryptocurrency is a bubble waiting to burst. RT’s Max Keiser and economics professor Steve Keen debate how soon the meteoric rise will have to stop.
On Wednesday, bitcoin broke through the $10,000 milestone, defying skeptics and fiat currency fans that have been predicting its fall from grace.

Among them is Steve Keen, economics professor at Kingston University London, who believes that what bitcoin is experiencing now when people are “diving in because the price is rising” is “one of the definitions of the bubble.”

Max Keiser, RT’s financial guru and a stern believer in the longevity of the world’s most popular cryptocurrency, thinks that fears are misplaced and if there is a hyper-inflated asset, it is the US dollar.

Read more
Michael Weber / Global Look PressBitcoin breaks $10,000 record after growing 10-fold in a year
“There are hundreds of trillions of dollars’ worth of fiat money out there that is at risk of imploding, driven by the US dollar which is in an unmistakable bubble. Bitcoin’s not a bubble, the US dollar’s in a bubble. The fiat currency world is in a bubble,” Keiser said.

Keen, however, argues that to put US dollar’s value against the current value of bitcoin as proof of the former’s volatility is inaccurate and rather a case of semantics.

“The US dollar is maintaining its value with the rate of inflation running about two percent per annum, while bitcoin may increase by some 10 percent in one day,” the he said, comparing bitcoin with the “old chess board that can’t keep on going” forever.

According to Keiser the one thing to bear in mind about cryptocurrencies is that “the volatility will start to even out when the price gets closer to $100,000 per coin.” So far bitcoin has become the 25th biggest reserve currency in the world and is still far from hitting the ceiling, Keiser said.

"It’s heading into the top 10, it’ll soon be the biggest reserve currency in the world,” he argued.

Responding to Kaiser arguing that people will be buying “high-end property, yachts and things of this nature” with bitcoin as soon as they get used to it, Keen said that one should be “a madman to use it for transactions” while its price is skyrocketing.

“You’d be a fool to buy anything and I have been hearing people refer to it now as not a “cryptocurrency” but a “crypt currency,” because they intend to hold them until they die. That is not money,” Keen stressed.

Read more
The Blue Mosque, in Istanbul, Turkey Alkis KonstantinidisBitcoin pronounced ‘un-Islamic’ by Turkish religious authority
While its stored value keeps soaring, there are doubts that bitcoin will be able to retain the same high price if it is universally accepted as a means of exchange.

Keen believes the bitcoin’s value is tightly connected to the energy consumption needed for its mining and will drop accordingly.

“I think if the energy consumption is drastically reduced and you just make money out of the transactions, I can’t see this high price being maintained. I can see it stabilizing, but whether it can stabilize at a hundred thousand dollars once it’s used specifically for transactions and not for appreciation, I don’t think that’s feasible,” Keen said.

However, Keiser believes that while the transition from being a stored value to means of exchange will take “another few years,” it will not lose its value and become “much more useful as a means of exchange” once it hits $100,000 per coin.

Those who do not believe in bitcoin’s potential fail to understand that the it cannot be judged along the criteria of the past, as we are witnessing a change of the paradigm.

“This is the new paradigm,” Keiser argues.

“Those who are arguing against it would argue against the printing press when Guttenburg first introduced it, they would argue against the airplane when the Wright brothers first introduced it.”

Read more
Jens Kalaene / Global Look PressRussian central bank wants to block bitcoin exchange websites
When the comparison seems odd at first sight, bitcoin has a lot in common with gold, according to Kaiser.

“Take gold as a case study. It takes a lot of energy to produce gold, gold is used as a means of exchange as well as a store value, it’s been around for quite some time. Bitcoin is Gold 2.0, it has the same function as gold,” he said.

Bitcoin is a “perfect form of cryptocurrency” that will eventually squeeze old fiat money out of business, dealing a crushing blow to “financial terrorists” that is to the dominance of the sprawling banking system.

“We don’t need those bad actors in society, and bitcoin gets rid of all these financial terrorists. And its about time someone stood up and did battle – the government’s not doing it, the academics aren’t doing it, so we have bitcoin to do it.”

Once bitcoin finally stabilizes and people have a real incentive to start spending their multimillion dollar cryptocurrency stocks, it is bound to plummet, Keen argued.

“I don’t think it will necessarily reach the stratospheric $100,000 and then stay there. If you get to the stage where the only return you get from the mining is the transactions, I think the price will fall dramatically.”

The other concern about the rising energy consumption is that if continues to grow at the same pace, the mining “will be banned because of the impact on the level of carbon in the atmosphere,” Keen said.

Most central banks are still reluctant to recognize bitcoin, including Russia, where the Central Bank has suggested banning bitcoin and other cryptocurrency exchange website because they function like financial pyramids.

The Chinese government’s crackdown on the bitcoin’s exchange and trading platforms in the country saw its plunging by more than 25 percent in September. While the digital currency has successfully bounced back and continued on its triumphant rise, the lack of a universally acceptable definition and regulation remain a risk many investors are weary to take.

Pinochet wrote:

Eva_ wrote:Imaju i u Zagrebu, njih 3-4 izrudarenih 150 BTC ali nemaju više šifre. A paper wallet nisu kreirali.

majko isusova.


tada BTC kada su oni rudarili nije vrijedio puno, par centi, ili par dolara, pa ih nije brigalo

Ma da, iz 2012-2013, to mi ispričao jedan kolega iz ZG-a.

Eva_ wrote:

Pinochet wrote:

Eva_ wrote:Imaju i u Zagrebu, njih 3-4 izrudarenih 150 BTC ali nemaju više šifre. A paper wallet nisu kreirali.

majko isusova.


tada BTC kada su oni rudarili nije vrijedio puno, par centi, ili par dolara, pa ih nije brigalo

Ma da, iz 2012-2013, to mi ispričao jedan kolega iz ZG-a.

imao sam i ja BTCove 2014 -2015 kada su vrijedili 20-30puta manje nego sada, i koristio sam ih kao sredstvo transkacije ono kao novac za kupnju,

Eva_ wrote:Evo danas ruše BTC, ispod 10,5 k $. Uleti!

Nakon ovakvih vijesti normalno da pada.

Triny wrote:Kako piše The Atlantic, sve više stanovnika Venezuele okreće se "rudarenju" kriptovalute bitcoin. Unatoč povremenim redukcijama struje, ona je nešto što si građani ipak još uvijek mogu priuštiti. Pa montiraju računala isključivo za proizvodnju bitcoina. Ovom poslu su se posvetili prvo studenti, a sada i profesori na fakultetima. Mjesečno se može zaraditi i do 500 dolara, što je u Venezueli pravo bogatstvo. Neki web shopovi u SAD-u imaju direktnu dostavu u Venezuelu pa ljudi kupuju kućne potrepštine preko interneta.

Madurov režim je shvatio da se to počelo masovno događati pa je policija krenula u pretragu domova. Neki su privedeni i zatvoreni iako Venezuela nema nikako zakonom regulirane kriptovalute, ali su ih osudili zbog prijevare u financijskom poslovanju. Maduro ih naziva "kapitalističkim parazitima koji profitiraju od hiperinflacije".

u zimbabweu i keniji gdje je antifašistička ekonomska politika razjebala ekonomiju, hrpa stanovništva kupuje i prodaje samo preko bitcoina.. crnci na svojim mobitelima i stickovima odlaze u trgovinu i plaćaju bitcoinima..

Triny wrote:

Eva_ wrote:Evo danas ruše BTC, ispod 10,5 k $. Uleti!

Nakon ovakvih vijesti normalno da pada.

Trenutak je za kupovinu, 9,46 k $

https://motherboard.vice.com/en_us/article/788gpq/one-third-of-kenyans-now-have-a-bitcoin-wallet

navodno 1/3 crnaca u keniji imaju bitcoin novčanike.

na cesti najdes na putu izgubis :D