Bitcoin / Bitcoins / Crypto Currency

Posted on
Page
of 77
  • guess we will see if the Digital-Yuan makes an appearance

    Also, if you start seeing Russian linked money being moved around via crypto, we will quickly find out how decentralized it really is

  • Also, if you start seeing Russian linked money being moved around via crypto, we will quickly find out how decentralized it really is

    There was a massive spike in trading volume for Rouble/BTC over the weekend but its back to basically normal today. When I say massive spike I mean only up to $5m equivalent. The vast majority of Russian crypto is traded for EUR or Yuan pairs so virtually impossible to track. Usually less than $250k USD of trading volume on Rouble/BTC pairs.

  • guess we will see if the Digital-Yuan makes an appearance

    It does actually look like China mean it this time, in terms of cracking down on other crypto. After a decade of pretending to crack down they've attached a 10 year prison sentence to crypto trading as of Thursday last week. Feels like a fairly strong bet that this crackdown is in preparation for the digi-yuan.

  • Yeh, with those small volumes it's probably retail, I am happy that Binance came out today saying they refuse to blanket freeze all Russian accounts because every chance the rouble will free fall and the people will experience hyper-inflation so why should everyday people be blocked from trying to preserve what little money they might have

    I am guessing it's when you start seeing those massive transactions that come up on whalealert that people would be suspicious if it is going to addresses linked to known Russian account's

  • why should everyday people be blocked from trying to preserve what little money they might have

    Well, that's the point of sanctions really. Harsh but true

  • Interesting, thanks. I divested last year but that just means I'm less informed than I was.

  • Kraken CEO also saying they won't freeze Russian accounts unless legally forced to and if they were going to start freezing accounts of countries that unjustly commit violence they would start with US accounts
    https://twitter.com/jespow/status/149811­2741684363265

  • What a total and utter cunt.

  • Really? So would you of been happy to have your accounts frozen over our Government taking us in to Iraq, Afghanistan, Libya? What about our Governments choice to still supply arms to Saudi to be used in Yemen? Or Canada freezing money of protesters recently?
    Not sure blanket weaponising money in this way is a good precedent.

  • So would you of been happy to have your accounts frozen over Iraq, Afghanistan, Libya?

    This doesn't even make sense? A bit like that weird tweet thread. But I guess you got me.

  • You've edited. But tbf, it was his attempt to use Canada as some sort of analogue for Russia's invasion and murdering that I found so offensive. But libertarians don't really care about other people.

  • How doesn't it make sense? They have said they won't freeze the accounts of people just because of where they were born unless legally requested to. If a corporation had said they don't agree with the UK Governments interventions and will freeze all UK citizens accounts, it would of been the same thing and I expect most of us would say that its unfair as it wasn't something we condoned or voted for

  • But libertarians don't really care about other people.

    Not sure if that is pointed at me or the CEO?

    I am just not sure how freezing the assets of citizens that have an average income of £400/month reduces suffering in the world, I expect it leads to more suffering

    It's a KYC exchange, there is no need to freeze everyone, they can start with those on the list of targeted individuals or accounts with massive balances until they can prove themselves legit

  • How doesn't it make sense?

    Because the first version of your post didn't make sense.

    Owning bitcoin is, thankfully, not a human right.

  • Not sure if that is pointed at me or the CEO?

    The ceo. But it could be you too. I don't know you so couldn't say. But they made it explicit that their libertarian values were a key part of the position.

  • But it could be you too.

    what a flex !!

  • Owning bitcoin is, thankfully, not a human right.

    Do you feel that way about money in general? Plenty of reasons why people might have a little crypto that isn't just gambling and speculation driven

  • Lots of things we should work on making human rights before bitcoin. Homes, utilities, food, safety, education, a sustainable environment for our and future generations... I'll let you wherever I think we should add BTC to that list once we've managed to get those things under control.

  • Homes, utilities, food

    How do you access these without means of payment?

    why your insistence on saying bitcoin instead of crypto?

  • why your insistence on saying bitcoin instead of crypto?

    Because they used it in their example.

    Listen, you posted a link to a (imho) total loser. I responded to it by calling him a cunt. I had no idea what your opinion was, and couldn't possibly be responding to your opinion because you didn't provide one. I'm sorry if you feel attacked.

  • I'm sorry if you feel attacked.

    I don't and have toothache so am probably coming across overly short so apologies

    I've just gone back and re-read the twitter thread, is it that cunty? Is it the final US comment you take issue with?

  • Coinbase have also come out taking the same position, so that's the three major exchanges all taking the same position that they won't freeze accounts unless legally compelled

  • Why not just freeze Russian and Bel PEPs? Or whatever higher level you want... Not sure what the issue is... Unless it's that they can't work that out, then they have other issues.

  • Post a reply
    • Bold
    • Italics
    • Link
    • Image
    • List
    • Quote
    • code
    • Preview
About

Bitcoin / Bitcoins / Crypto Currency

Posted by Avatar for hippy @hippy

Actions