Bitcoins/Litecoins/Virtual Currencies

Tmac said:

Just waiting for them to confirm my identity and I can withdraw.

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What do they require to confirm? I know some places ask for a bunch of stuff I wouldn't want to give...

The swedish version of SEC has started whinig about crypto now, but the hill they chose to die on is "crypto is not eco friendly". Im sure laws against dealing in and farming of crypto will soon show up at a EU meeting soon with this as a reason for regulation.

Faith said:

The swedish version of SEC has started whinig about crypto now, but the hill they chose to die on is "crypto is not eco friendly". Im sure laws against dealing in and farming of crypto will soon show up at a EU meeting soon with this as a reason for regulation.

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That argument only works with BTC and other POW coins.

Tmac said:

The typical custodial stuff you need to connect a bank account; ie. a driver's license.

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They require a DL to xfer coins from their site to a wallet? That seems... Excessive

Arden said:

That argument only works with BTC and other POW coins.

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If you look at facts sure, but since when has that stopped them?

Arden said:

That argument only works with BTC and other POW coins.

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Its a junk argument. Bitcoin largely captures otherwise wasted energy (hydro, gas flaring, etc) and due to this actually increases grid efficiency. Facts won't stop FUD though.

Proof of work, converting energy and storing it as digital scarcity, is one of the greatest inventions of our lifetime.

Yeah I might be too cautious about giving up my DL. /Shrug. The fact that it's totally unnecessary weirds me out a bit. And obviously identity theft is a pretty significant problem.

Did you at least get your Floki off the exchange Tmac ?

Flobee said:

Its a junk argument. Bitcoin largely captures otherwise wasted energy (hydro, gas flaring, etc) and due to this actually increases grid efficiency. Facts won't stop FUD though.

Proof of work, converting energy and storing it as digital scarcity, is one of the greatest inventions of our lifetime.

Spoiler: Sauce

See Bitcoin Energy Consumption section

Topics - Nic Carter

Selected work arranged thematically

niccarter.info

It's all about the energy, stupid

Humanity has found a way to create a currency backed by energy and it will make the world a much better place. We live in incredible times.

tftc.io

More debunking of energy FUD:

energy - TFTC – Truth for the Commoner

Truth for the Commoner curates content that surfaces truth and provides actionable advice in a world filled with gaslighting and complaining.

tftc.io

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Yeah, we went back and forth a little about this in the Spring. I'm sure some of the energy used to mine BTC is "green" but I'm also sure a lot of it isn't. Common sense tells you that many people (most people) are going to use whatever energy source is the combination of cheapest/easiest in order to increase their profit margin as much as possible. That's just how business works. "Dirty" energy like coal is still easiest/cheapest in a lot of the world, especially in the developing nations that seem most interested in trying to convert to a BTC monetary paradigm.

And, honestly, I just feel like a proof system that uses little to no energy is going to be inherently superior to one that requires a lot of energy, even if the energy being used is "wasted" or "green" energy.

Kais said:

So i'm watching Eth go up and up and up but if i'm not mistaken the trading volume is way down than from around July. It's like everyone is holding their breathe for either a big jump or big dive and i cant figure out which. FUD got me hard cause i keep looking for an entry point and then backing off. Trying to talk myself into just buying in as "sooner is better" seems a solid HODL strategy, then i conclude that if i have to talk myself into it some part of me is saying "wait a bit longer...."

Other than buy when Rajaah sells, what's yalls take?

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I was hoping Robinhood would list Shiba and I could just throw the money I have lingering there in it.

But that's looking unlikely, so I'm thinking ETH. Like you though, I don't think buying at close to $5k seems prudent.