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Old Yesterday, 05:09 PM   #36576
SuperSwag
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Re: Bitcoins - digital currency

Quote:
Originally Posted by Shuffle View Post
CCP is never going to legalize BTC in China. My belief is they created btc and they are using it to launder as many dollars into their country as possible, and I'm sure they are able to track every single transaction and that's another reason why they are cool with mining and all of those shady exchanges. When they are done with bitcoin they will ban it and arrest anyone who doesn't comply. They will just roll out some other government approved crypto like a PBOC Ripple coin.
The only flaw here is that Satoshi was a great writer. Have you ever seen chinese people especially scammers try to write english?
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Old Yesterday, 05:45 PM   #36577
Didace
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Re: Bitcoins - digital currency

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Originally Posted by SuperSwag View Post
The only flaw here is that Satoshi was a great writer. Have you ever seen chinese people especially scammers try to write english?
They all can write perfect English. Pretending they don't is just all part of the long-con.
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Old Yesterday, 11:01 PM   #36578
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Re: Bitcoins - digital currency

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Originally Posted by MSchu18 View Post
this may all change soon though, as there is a super hi-tech operation afoot in Texas launching this year where all the mining computers and servers at bathed in mineral oil which allows them to be significantly over clocked to the point where they can out compute the Chinese contingent and also out conserve the hydroelectric cost structure.
The company is called Layer1 Technologies and itís backed by Peter Thiel (among others). The CEO seems really sharp for only being 27. They aim to have 30% of global hash power by the end of 2021 and will have a production cost of $1000/bitcoin which will spur the shift in hash power to North America.
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Old Today, 07:36 AM   #36579
housenuts
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Re: Bitcoins - digital currency

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Originally Posted by johnnyBuz View Post
The company is called Layer1 Technologies and itís backed by Peter Thiel (among others). The CEO seems really sharp for only being 27. They aim to have 30% of global hash power by the end of 2021 and will have a production cost of $1000/bitcoin which will spur the shift in hash power to North America.
You can invest in it on AngelList if you're interested
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Old Today, 07:52 AM   #36580
rickroll
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Re: Bitcoins - digital currency

Quote:
Originally Posted by Didace View Post
They all can write perfect English. Pretending they don't is just all part of the long-con.
so much this, few people realize a lot of horrible designs are intentional

it cost them nothing to shoot out ten thousand emails but they only have so much time to respond to any interested parties so they intentionally make it so that anyone with an education could sniff out they weren't professional so they only communicate in person with people likely to fall for the scam
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Old Today, 08:09 AM   #36581
CoolTimer
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Re: Bitcoins - digital currency

I must say I have seen a lot of bad takes about BTC, but Satoshi being Chinese is a unique take.

You almost have me convinced I just need a couple more points of evidence to push me over the edge.

This argument is especially convincing:
- His English is really good, so he must be Chinese because in reality Chinese have flawless English grammar and he wanted to make it look like he wasn't Chinese.
--> Lots of reverse leveling going on.

Maybe he also did it in the whitepaper? Mostly citing Americans as source, so people wouldn't suspect him being Chinese. Interestingly he did cite Wei Dai as the first source, so this is probably a (hidden) hint towards him being Chinese. Even though Wei Dai wasn't Chinese, but it sounds Chinese.
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Old Today, 08:43 AM   #36582
jbouton
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Re: Bitcoins - digital currency

Quote:
Originally Posted by Shuffle View Post
My belief is they created btc and they are using it to launder as many dollars into their country as possible.
Lets take that thought one step further...how does bitcoin help the chinese get american dollars into china? how are they transported?
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Old Today, 10:46 AM   #36583
Xaston
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Re: Bitcoins - digital currency

I'm a US citizen and wanna sell a little BTC but not pay an exorbitant % to Coinbase. What are my options?
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Old Today, 11:27 AM   #36584
housenuts
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Re: Bitcoins - digital currency

If anyone wants a hardware wallet this thing looks legit. 50% off today for first 300 buyers. 120 gone already.

https://www.indiegogo.com/projects/z...t/x/20401709#/

edit: 136 in first 38 minutes so far.

Last edited by housenuts; Today at 11:38 AM.
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Old Today, 12:03 PM   #36585
dmatz327
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Re: Bitcoins - digital currency

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Originally Posted by Xaston View Post
I'm a US citizen and wanna sell a little BTC but not pay an exorbitant % to Coinbase. What are my options?
Binance, Kraken, Gemini, Bitstamp
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Old Today, 01:05 PM   #36586
rickroll
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Re: Bitcoins - digital currency

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Originally Posted by dmatz327 View Post
Binance, Kraken, Gemini, Bitstamp
i'm sure you could do a transfer here
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Old Today, 02:24 PM   #36587
dmatz327
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Re: Bitcoins - digital currency

The P2P transfer thread in the Internet Poker forum is probably the best place for that.
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Old Today, 06:31 PM   #36588
Dutch101
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Re: Bitcoins - digital currency

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Originally Posted by jbouton View Post
Lets take that thought one step further...how does bitcoin help the chinese get american dollars into china? how are they transported?
Not that I think the Chinese goverment is involved or even cares about BTC but how is this a real question? Mine bitcoin, sell for USD on exchange of your choice, transfer to bank in account owned by Chinese government. Any bank will do.
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Old Today, 06:46 PM   #36589
jbouton
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Re: Bitcoins - digital currency

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Originally Posted by Dutch101 View Post
Not that I think the Chinese goverment is involved or even cares about BTC but how is this a real question? Mine bitcoin, sell for USD on exchange of your choice, transfer to bank in account owned by Chinese government. Any bank will do.
Are you keeping in mind the post I was commenting on that believes the CCP is using bitcoin to launder usd into china? It doesn't get USD into china if you trade for electronic usd on an exchange.

If I'm not understanding I would like to.
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