Bitcoin Cracks $5000

[dannno]

Uh oh.

Visa bans several cryptocurrency-backed cards, leaving thousands in the lurch
https://www.cnbc.com/2018/01/05/visa-bans-cryptocurrency-backed-cards.html

Meh, they aren't losing anything..

[FONT=&quot]"As a licensed E-Money Institution, WaveCrest is required to safeguard funds to cover all of its issued electronic money and we can confirm that these funds are safe and available for redemption through other channels," the statement read.

[/FONT]

 

[kahless]

Meh, they aren't losing anything..

[/FONT][/COLOR]

I like the idea of using a Visa card for crypto, this is going backwards. The cartel is fighting back it seems.

 

[dannno]

I like the idea of using a Visa card for crypto, this is going backwards. The cartel is fighting back it seems.

Seems to be overblown, just one company and they can transfer the service over apparently.

https://www.reddit.com/r/Bitcoin/comments/7obp5s/visa_is_not_shutting_crypto_cards_down_theyre/

This doesn't make people pissed at crypto, it makes people pissed at the banks. That's why we are doing this, remember?

 

[dannno]

This one still works, no?

https://www.shiftpayments.com/card

 

[The Northbreather]

Uh oh.

Visa bans several cryptocurrency-backed cards, leaving thousands in the lurch
https://www.cnbc.com/2018/01/05/visa-bans-cryptocurrency-backed-cards.html

Every time an accomplice of the system panics, an angel gets his wings, and the opposition grows.

 

[kpitcher]

This one still works, no?

https://www.shiftpayments.com/card

Hope so, just paid $10 for one earlier today. It tied in to coinbase without a problem so I assume it'll be fine



Bitcoin jumped $2000 so far today. Of course this is really putting a hit on alt coins, significant drops

 

[kahless]

Seems to be overblown, just one company and they can transfer the service over apparently.

https://www.reddit.com/r/Bitcoin/comments/7obp5s/visa_is_not_shutting_crypto_cards_down_theyre/

This doesn't make people pissed at crypto, it makes people pissed at the banks. That's why we are doing this, remember?

True and I believe it will not be for long before they start banning other cards. You know it is coming. Do you really think government is going to allow this to go one for much longer?

Cryptos will survive and VISA will not be an issue once Bitcoin and others is fully regulated with every transaction tied to a person with a government ID.

Did anyone here forget that to be a legal crypto-currency you are required to pay the state 5k which they may or may not approve your license, non-refundable. This leaves friends of state politicians the only ones being approved while the rest migrate to crypto friendly states until they do the same. The guy that wrote the regulation for NY left to advise on how to navigate the licensing process before taking a job with Ripple. Hmmm.

 

[dannno]

Cryptos will survive and VISA will not be an issue once Bitcoin and others is fully regulated with every transaction tied to a person with a government ID.

The bitcoin network does not require every transaction to be tied to a person with a government ID.

 

[kahless]

The bitcoin network does not require every transaction to be tied to a person with a government ID.

It will eventually be required which was my point of where I think we are headed. I would not like that anymore than you.

 

[r3volution 3.0]

Some retailers do but yes, overall it's still very rare until a complete supply chain can be entirely paid in crypto. Overstock is keeping 50% of all bitcoin payments as bitcoin, up from the 10% it used to hold.

...for bill-paying or for speculating?

I'd assume the latter, as with virtually every other bitcoin user.

 

[dannno]

It will eventually be required which was my point of where I think we are headed. I would not like that anymore than you.

Right, sort of like how when I was in college they required that we not use cannabis at all or drink alcohol before we were 21.. yet everybody had a fridge stocked with beer freshman year and everybody smoked weed. Imagine that.

 

[The Northbreather]

It will eventually be required which was my point of where I think we are headed. I would not like that anymore than you.

I foresee am eventual total crackdown on the exchanges from every government issuing an exchanged fiat.

Then it's crypto being exachanged for precious metals to maintain anonymity.

Checkmate. Fiat death.

 

[anaconda]

I foresee am eventual total crackdown on the exchanges from every government issuing an exchanged fiat.

Then it's crypto being exachanged for precious metals to maintain anonymity.

Checkmate. Fiat death.

Agreed that fiat could be left out in the cold from BTC transactions. But how are you diagnosing "fiat death?"

 

[kpitcher]

I foresee am eventual total crackdown on the exchanges from every government issuing an exchanged fiat.

Then it's crypto being exachanged for precious metals to maintain anonymity.

Checkmate. Fiat death.

there are a number of peer to peer exchanges already, a few coins are having them built in like WAVES. They won't be able to shut down those exchanges

 

[Mordan]

I foresee am eventual total crackdown on the exchanges from every government issuing an exchanged fiat.

Then it's crypto being exachanged for precious metals to maintain anonymity.

Checkmate. Fiat death.

Japan legalized Bitcoin. Checkmate to all the losers who think the state is going to kill crypto. Japan is already starting to use crypto for inter bank wires...

you guys are dummies. Some countries are embracing crypto and those will countries will have an advantage in the new money world order.

 

[devil21]

Japan legalized Bitcoin. Checkmate to all the losers who think the state is going to kill crypto. Japan is already starting to use crypto for inter bank wires...

you guys are dummies. Some countries are embracing crypto and those will countries will have an advantage in the new money world order.

First one to embrace their slavery wins! Last one to value freedom is a rotten egg.

If a tightly central bank managed country like Japan legalizes bitcoin, doesn't that mean it's not a threat to the central bank? Does your cognitive dissonance hurt, Mordan? Besides, by legalizing it, that doesn't mean the bank can't simply nationalize the use of it under the BOJ's authority. Good to see your mask is coming off and you're an NWO shill though. Makes sense since I'm sure you'd like to see your undeveloped country advanced on the backs of a transfer of American's wealth. No wonder all of your posts are about getting Americans to put their dollars into bitcoin. Why are you here?

 

[Mordan]

First one to embrace their slavery wins! Last one to value freedom is a rotten egg.

Why are you here?

onboarding smart people on the crypto train to the fabulous riches of freedom from the fiat system.

 

[The Northbreather]

Japan legalized Bitcoin. Checkmate to all the losers who think the state is going to kill crypto. Japan is already starting to use crypto for inter bank wires...

you guys are dummies. Some countries are embracing crypto and those will countries will have an advantage in the new money world order.

I'm invisioning that metals and crypto continue to complement each other until fiat is irrelevant.

A synergistic symbiosis.

 

[specsaregood]

Cardano is gaining fast on ETH, it's up to 27 Billion. It has a co-founder of Eth running it and their claim is smart contracts done right. It's up 15X from November.

https://coinmarketcap.com/currencies/cardano/

Dunno, the eth bull run just keeps going. ill look at cardano some more as I like the technology. Learning how to code some dapps for eth now.

 

[Mordan]

Dunno, the eth bull run just keeps going. ill look at cardano some more as I like the technology. Learning how to code some dapps for eth now.

i am interested to know your first hand experience with deploying your smart contract ideas.

How do you expect to code external conditions ? The only use case that truly works on Ethereum are ERC20 tokens and Etherdelta for trading those.
Because they are fully inside the ecosystem without external conditions.

Pro Tip: See how Bitshares solved price of real world assets (external conditions) in order to trade bitUSD on the dex. They used witnesses that are financially incentivized to be honest.