Anyone else having trouble getting into wallets on blockchain?

edit- Its working now. For like 20minutes it was freezing on the log into wallet screen.

No. I'm not here to give you lessons on using your brain. They're clear enough.



There are videos of bots wash trading tether to keep it at $1. Not evidence. Proof. There are recorded quotes from bitfinex BOD. That's just a couple out of dozens on the Bitfinexed links alone. There are many other resources.

Listen, no one really knows what tether is actually for. There are LOTS of possible reasons why a billion of them were issued in the past 10 months. There are only a couple legitimate, legal reasons why they would be issued, and a ton of illegitimate, deceptive, and/or illegal ones. A pretty telling fact is that they started being issued after BF lost their banking.

Arrogant ideologues often get angry when challenged. Not surprised. I'm gonna put you on ignore for a while. Anyone with an open mind is free to explore the information.

Stop feeding the trolls, they're so desperate they're at the conspiracy theory stage.

WTF.

And deny reality of insanely high fees? Tell people to use a unit of account that they can't put in relation to anything...what does that accomplish? That's somewhere around like pricing Bitcoin in Gold...yeah we know fees are denominated in BTC, but still, it's not the core of the issue.

We know why fees might have to be the way they are.
Part of short term suffering for a long term gain... or maybe the catalyst turning BTC into myspace. Future will show.

Either way, we should be honest and call a a

"Conspiracy Theory"

Nooo ***** man!!!

1) You lose USD banking. Sht.
2) You look for an alternative.
3) You can't easily establish USD banking (regulation, costs, inability etc whatever).... sooo you can now

a) Put your head into the sand and close down
b) Find a work around

Most business men will choose b). I know i would. Save the moral speech, you're not forced to use the product.

Solution:
You do 100% what Liberty Dollar and E-Gold have done. You circumvent the USD banking system. How that's not completely obvious. Save me your "oh that is risky". That doesn't make you smart. That just shows you have higher than 80 IQ, you're stating the obvious.

What's a better alternative? That takes more brain, but people of your cut are not capable of this. And pls don't say "find banking"... i'm sure they haven't considered that.

How this can go wrong (stating the obvious):

a)Exit scam by whoever holds the USD (or underlying asset).
Holders of Tether get screwed. If the biggest holder of Tether is also the one holding the underlying, then you're at a relatively small risk since the exit scam is not that profitable. Supposedly that is the case, but i'd not rely on that.

b) Government entity says it supposedly violated anti-xyz laws, jails people, exchange goes broke and you lose whatever coins you hold there. How likely? Well, in the next 10 years i'd say 100% likely to happen. But what about next months or even the next year? Who knows. If you only hold it for a short time, it's a relatively small risk.


What do we learn:
1) Use other exchanges if you can. Most people have the privilege/luxury to trade their coins on somewhat safe exchanges with solid banking

2) If you can't or your favorite coin only has sufficient liquidity on finex, then weigh the pros and cons.

Your only real risk is
2.1) holding period of tether, since so far you can easily trade it for another asset. That *could* stop, but your effective risk is limited to a short time frame
2.2) Exchange counterparty risk. You have that everywhere, but exchanges without banking should certainly be considered higher risk than others.

IF the advantages of lower fees/better liquidity, better trading experience offset 2.1 and 2.2, then you'll have a +EV decision.

And yeah, one day Tether will likely "go down". And one day all of us will die. And one day Bitcoin will be worth nothing. So what?
Smart people think in likelihoods of events.

If you would at least make a specific use case why Tether would go down next week/month, you could be taken serious.

So far the most simple explanation is the best, aka circumventing USD banking. If you have a better explanation, bring it on.


I've been saying it again and again. The intellectual level of bears grows inverse to the price of Bitcoin. So does the quality of discussion ;(

They think they make "good points" when pointing out the obvious.

DODN, I remember you calling for BTC to crash and burn around the $2k mark.

Imagine being at the right place & right time to jump in on the greatest bull market in history and instead decide to just yell at clouds

This has NOTHING to do with Tether!!! Exchanges can be bad, they can be(come) a ponzi.

Like i've said in my last post, i'd stay away from Bitfinex if i can. But it's risk-reward, not on principle.

I have no specific insight on the screenshot, besides - i'm just playing devils advocate here - there are still possible explanations:

- All sites are completely overwhelmed with volume. Everything takes longer

- The more customers you have, the more complaints you will get. The internet only shows extreme cases. Satisfied customers don't post a lot like "great, i got my withdrawal so fast". So all those people might reflect 0,001% of customers.

Not an excuse for bad service, but i believe something to consider before jumping to conclusions too fast.

Now you still owe us an explanation how this is linked to Tether.

That's where we differ. I think 'finding a workaround' in the way that they have is not only highly unethical it's probably also illegal and will catch up to them. Unfortunately many innocent investors will get caught holding the bag. You seem to think that's ok so long as you make money. Well, I won't be investing in your poker coaching any time soon.

I think you mean Liberty Reserve, not Liberty Dollar.


Ehhh, tether is held by all the major exchanges which means it's likely going to affect them all if/when it collapses.

Without an audit such a thing would be impossible, nor did I ever claim it's imminent.

Ya. No one is as smart as you Gordon.

I knew about bitcoin probably before you did and I don't regret not investing in it.

Well, cute, appeal to "protect the innocent investor". LOL. You know people run out of arguments if they use this line.
You mean like the "innocent" poker player who plays on offshore sites and is astonished that sites are run by crooks . Or the "innocent" guy buying drugs on alphabay and gets screwed?

If you think USD regulations have much "ethical" dimension, you're dumber than i thought. I'm not against regulation, but they are what they are. Arbitrary rules that serve the interest of those who make them (and hopefully the population they serve). It used to be ethical to hold slaves, so please...

Anyways, I said myself there is an non zero chance that it's illegal (altho, by whose law?!..not so simple!!!), but a certainty it will catch up with whoever issues Tether. The question is WHEN. That's the only thing that matters.
Legality wont matter, governments find reasons in these cases.

Let's not get into poker coaching. I will say tho, that i have saved people millions in my life knowing when the right time is to get away from banana sites. But again, smart people and poker players think in EV... But pls stay on topic.

I am not 100% sure on this, but isn't it like people (!!!) buying and selling Tether? Aka people holding them. If exchanges hold them to provide liquidity, they'll make out very well on fees. So by the time Tether could loose all the value, they'll have made 100x on fees.

Again, THINK a little bit, wannabe genius!!!

I don't buy it. Oh, so if it's not imminent why bother. What point are you trying to make?

You called BTC's crash many times, obv wrong. Yet you "don't regret" not investing. LOL. Bro.

Why spend any time here with people who love what you hate? What's your motive besides pure hate and anger?

It's certainly not you. Nothing i wrote in this thread requires above average intelligence to understand. This stuff is very simple.

I just do my part to educate people, paying it forward. Interesting stuff are meta implications and the technology/cryptography itself, but i have no delusion that no smart discussion will be had here. Books/technical discussion are elsewhere. This thread's only purpose is to

a) Counter FUD
b) Help/Educate new people

here it goes..........

"ra ha ha ra ha ha ra ha ha, whoaaaaa whoaaaa whoaaaa"

The network does not measure fees in usd. Only You do.

It might be hard for you to believe but there are actually people in the world who are concerned with ethical trading, ethical buying, and aren't just about pure exploitation, etc.


Then you're one of the more reasonable people in the thread. A lot of true believers won't even consider alternate information.




I don't regret it. It was risky when it was $170 (hindsight is 20/20) and it's way riskier now. It's easy to look back and say 'told you so' but no one can predict the future.

This isn't a bitcoin hugbox. There's lots of bears ITT.

I understand the arguments bears are making and they do seem valid at first. But the question is then why does Fidelity mine, why does Fidelity invest in it, why does fidelity accept crypto as payments in their headquarters cafeteria, samegle soft other firms... my point being there are thousands of meetings and conference calls every single work king day throughout the world and in various industries on how to implement crypto and blockchain technology to cut costs creat efficiencies etc... who the heck knows but I personally believe that this is a scenario where you say to yourself "you know what? I don't fully understand it and who the heck knows what the "right" valuation is but there's clearly a lot of value if people smarter and more intimately involved are setting their companies up globally to implement this technology"... but who knows? I could be way off.

Just FWIW, the tether issuance in the last 24 hours is now up to $285 million.

this guy is starting to make auggie look good

People don't care how "the network" measures. Am i the only one?!

If we made a poll how many people measure their crypto transaction fees in Fiat vs Crypto... would you want to take the under?

I'll say 80%+ do in Fiat. That's generous, 95 probably wins easily as well.

You're making a straw man bro. Who is in favor of unethical practices? Tether as an idea is brilliant, nobody is being harmed. Scams can happen anywhere.
If you did not have Tether, you would have a lot more shady actors. You need to look at reality.
People want this stuff (crypto) and somebody will provide the service. Choose the best there is and stop moralizing. You're not getting any bonus points in heaven for virtue signaling on a forum and pretending that you're the only one who cares about the world lol. Words are cheap.


I AM a true believer. Other people on team crypto have different views. Being "reasonable" is socially safe, but dangerous when it comes to success. Analyzing and understanding is key.

You still haven't provided a better explanation for the Tether conspiracy than the very obvious one.


You just come across as bitter and almost wanting to see this thing crash and celebrate.
BTC is certainly a lot less risky than 4 years ago. Every day without a damage is making it stronger. This is reflected in the price.

If you disagree, please provide a metric and not general platitudes of what could go wrong. If you do, i'm sure whatever risk you point out that exists today was 10x higher 4 years ago (government intervention possibly being the only exception).

Gordon is making you look really stupid DODN. I don't really understand what you are trying to achieve here at all.

~$1000...by that point, everything will be quantum entangled, sending an actual tx on the bitcoin blockchain will be as rare as...well, sending a tx on the bitcoin blockchain today

LOL

Post below is mostly meant for the new traders/hodlers

“Stop converting fees to USD” is dumb. USD is fairly static for comparison purposes and tied to things you can actually buy with your crypto.

You should be paying attention to the fees and using a cheaper faster coin instead. I haven’t made a bitcoin transfer in months but I make a lot of transfers. If you want to move bitcoin from coinbase to bittrex or vice versa you should convert to ltc on gdax(coinbase’s exchange) via a limit buy. Then you can send the ltc to bittrex much faster and cheaper and convert back to btc on bittrex.

For these same reasons you probably shouldn’t put bitcoin in a private wallet unless you’re hodling and even then it should be a large sum and you should probanlbly leave some on the exchanges incase you need it because crypto prices are moving fast and bitcoin transfers are not.

If you think the price and speed of transfers isn’t a major problem with bitcoin you’re delusional. The Chinese miners are easily becoming to powerful and are a bigger threat to the system than whatever might or might not be going on with tether.