Absolutely. It's not signalception. Much simpler and cleaner. And it doesn't require 80% of miners to agree.

400. I sold due to mining centralization, a problem that has only gotten worse. I do own some (I got back in a little, mostly for gambling, and have been holding onto my winnings). Even when I owned nothing, I still *wanted* Bitcoin to succeed, even if I believed it was an uphill battle. I am into Bitcoin (not crypto) for ideological reasons, not purely to profit.

No one has ever tried to stop it before.

If the average person can't fund it by interacting with the financial system, it's dead. Dead in the sense that its market cap disappears and never recovers.

Of course they stop demanding payment in Bitcoin. If they average person can't fund the payment, what's the point? Right now, buying Bitcoin is as simple as joining an exchange and doing a bank transfer. If those bank transfers are no longer possible, how does the average person fund bitcoin? 95+% of people aren't going to meet strangers on the street for cash, and they especially aren't going to do it for larger sums. So you're then holding a series of bits you can't cash out easily and can't buy anything with except drugs and gambling.

So what are you left with? The hardcore gamblers and people who don't mind going to lengths to do illegal stuff. That doesn't even support a quarter of the current market cap.

What's more, if there are no legitimate Bitcoin exchanges, businesses won't take it, people won't build infrastructure for it, etc, because you can't cash out concentrations of money without laundering. So it's dead if a couple of big governments decide to kill it.

I don't see how this isn't obvious.

But do I have to have deposited via bank transfer first?

Also cant see the Paypal option

TS, your your whole argument is based on the US government saying US banks can't do business with exchanges. If that were to happen tomorrow it changes nothing. Do you think hackers are only located in the US? The average person interacting with the financial system are only Americans? There are crypto exchanges accessible by people all over the world.

Our discussion started by you stating that the bigger bitcoin gets the more likely it is to be destroyed and that couldn't be farther from the truth. I don't see how this isn't obvious.

The US controls the global financial system. There is a reason why US sanctions on Russian billionaires, or North Korea, are crippling. There is a reason why you can't buy drugs from online vendors using a credit card. Or even donate to Wikileaks, for that matter.

Other governments have an interest in crippling Bitcoin too if it gets large enough that it meaningfully affects government control of currency, tax intake, control of illegal activities, etc, a level where it's getting to.

That you don't consider this an existential threat to Bitcoin is farcical.

If the mainstream in wealthy countries can't change Bitcoin into currency easily, electronically, and vice versa, Bitcoin is dead as anything other than a black market coin for the most motivated people.

Bitcoin (most likely) can't be destroyed by governments. It can, however, have its fiat value tanked to a sliver of its current fiat value.

Rich areas currently provide the fiat value to btc through exchanges and miner centralization in China currently provides the infrastructure to "create" more supply. Both of these are severe threat points to the future fiat value of btc.

skip to 24:25

http://www.theepochtimes.com/n3/2259...use-recession/

Don't think you have to deposit by bank first, just verify your bank account

paypal:
https://support.coinbase.com/custome...ticles/2458534

There's a shocker.

This is a classic example of a person who does not understand bitcoin.

In short he thinks "block chain technology" has a very bright future but not bitcoin. Block chain technology does not work without a reward for miners. Bitcoin is immutable and secure because of the reward. Block chain technology without a reward may as well be a distributed excel spreadsheet.

Old man gonna old man and completely misunderstand crypto.

Really grinds my gears when these guys like 'blockchain technology' but not bitcoin. One does not work without the other.

Paypal cashout is sadly for US only, poster is UK.

dappadan777, you gotta do a SEPA transfer (which will be in EUR and incur massive fees from your bank, most likely). And you bank will maybe hate that you're using crypto and close your account.

For small amounts, selling on here for Stars / Skrill or whatever is likely your best option.

Cex.io is in the UK, so maybe converting to BTC and sending the BTC there and then withdrawing via credit card would work for him. Haven't tried it myself.

This post shows how invested you are emotionally into bitcoin. The currency aspect of bitcoin is the least interesting part about it, and everyone knows this but bitcoiners.

lol wat?!

then why do you keep talking about currencies?

to me store of value is most important thing.

jfc keep toiling away at microstakes plo, gl sir.

Please explain further. I'm in a bit of a bad mood and could use a good laugh.

I got Fidor bank to confirm they are cool with crypto transactions. You can have a personal account with them from the UK.

How can you say you think bitcoin is a store of value, when in this thread there are people bookending your posts asking how the hell they can cash out their bitcoin from a major exchange?

I guess it's a store of value cause once you put money into it, you can't get it out?

Lol wat indeed.

That you don't consider the monetary policy of all fiat around the world to be an existential threat to itself is farcical.

TIL cryptocurrency use has a learning curve and therefore cannot be a store of value.

A cow walks in the grass and therefore can not be eaten.

Malwared computers that they can't fix

War on drugs has been going on for years. There are no legitimate exchanges for drugs, businesses don't sell them, people don't build infrastructure, etc. Governments decided to kill drugs.

Except rather than killing drugs, they've just made the price to acquire drugs higher.

Is bitcoin your drug, housenuts?

Nope