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I have Uncle Intel On CRYTPO

 
Judethz
Israel is Eternal

User ID: 79555498
United Kingdom
02/22/2021 11:30 AM

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Re: I have Uncle Intel On CRYTPO
yep dont ban it yet ruin it
lol people thought they could take down the central banks and the big commercial banks

you will need to go to much more discreet coins to bypass the system is my guess, monero?
 Quoting: Anonymous Coward 77181668


kitty Yup gold and silver.
drumhead138

User ID: 2628078
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02/22/2021 11:30 AM

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Re: I have Uncle Intel On CRYTPO
Looking at fundamentals Digibyte is a solid coin as well. I like the concept of XVG (verge) however, it just suffered its third 51% attack the other day erasing 200 days of ledger trades! That is a big deal.

Honestly I am stuck now with it until it gets sorted out. Bittrex has halted trading on it until they can re-map the ledger. That's not good.

DGB though, is pretty well protected from that. And it's got a lot of features that NO other coins have.
 Quoting: drumhead138


Who profits from such a 51% attack, or in other words, what's the reason behind such an attack erasing 200 days of ledger?
 Quoting: Tekunda


Mostly they are showing that the coin is not as lock, stock, and barrel as it is touted. Basically, it could mean that someone is simply trying to prove that the coin attacked is a garbage coin and should be avoided.

Though strangely I like Verge and hope they fix the issue.
In the North I'm called a rebel, in the South I'm called a Yankee...
Anonymous Coward
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02/22/2021 11:33 AM
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Re: I have Uncle Intel On CRYTPO
Well Crypto is world wide based so US can not regulate it unfortunately for them! OP B Shillin!!
Anonymous Coward
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02/22/2021 11:36 AM
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Re: I have Uncle Intel On CRYTPO
Interesting but I think the point about instantly settling in USD will change..

I worked as an executive assistant to a CFO and we never had to settle in USD for global purchases. And those purchases were subject to exchange rate changes which is similar to crypto..

But the other stuff is true. You will 100% need a verified ID to move money.
 Quoting: Anonymous Coward 78008456


Also considering these global companies already accept crypto and don’t immediately settle in USD, I really don’t think that will stick...

Also the tax doesn’t seem likely either...

But KYC, Capital Gains and no anon all 100%
Anonymous Coward
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02/22/2021 11:37 AM
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Re: I have Uncle Intel On CRYTPO
Interesting but I think the point about instantly settling in USD will change..

I worked as an executive assistant to a CFO and we never had to settle in USD for global purchases. And those purchases were subject to exchange rate changes which is similar to crypto..

But the other stuff is true. You will 100% need a verified ID to move money.
 Quoting: Anonymous Coward 78008456


That's been true for years. Any system hooked to USD
has KYC and ML checks, it's mandatory.

.
Anonymous Coward
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02/22/2021 11:38 AM
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Re: I have Uncle Intel On CRYTPO
how does all this work with off-line wallets?

can't you just download it to a flash drive?

(i'm new to this)
Anonymous Coward
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02/22/2021 11:38 AM
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Re: I have Uncle Intel On CRYTPO
All forms of currency will be white supremacist and harmful to black and brown communities except for the NWO digital crypto.

All vaccine injuries are the responsibility of whites, and so is that Hispanic kid who froze to death in the Texas cold.

Two Golden Rules of Neo-Marxism:

1. Every person fits into one of two classes, as defined by radical leftists: the oppressed or the oppressors.

2. The oppressed can do no wrong and are never guilty; the oppressors can do no right and are always guilty.
Anonymous Coward
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Italy
02/22/2021 11:39 AM
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Re: I have Uncle Intel On CRYTPO
Lol at the Levantines
Anonymous Coward
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02/22/2021 11:39 AM
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Re: I have Uncle Intel On CRYTPO
There is also a future problem. Quantum computers could crack bitcoin. The block chain itself to rearrange the history of transactions to change balances or just attack individual wallets which would be easier, obviously, the ones attacked would have the largest amount of bitcoin.

This is about 10 years off, but possibly sooner with the individual wallet attacks.

Of course this is a problem with all cryptography and new codes are being developed to be more quantum resistant. Bitcoin as it is is doomed though.
Anonymous Coward
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02/22/2021 11:40 AM
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Re: I have Uncle Intel On CRYTPO
There is also a future problem. Quantum computers could crack bitcoin. The block chain itself to rearrange the history of transactions to change balances or just attack individual wallets which would be easier, obviously, the ones attacked would have the largest amount of bitcoin.

This is about 10 years off, but possibly sooner with the individual wallet attacks.

Of course this is a problem with all cryptography and new codes are being developed to be more quantum resistant. Bitcoin as it is is doomed though.
 Quoting: Anonymous Coward 79360564


Meanwhile gold and silver will still be gold and silver
Anonymous Coward
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02/22/2021 11:41 AM
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Re: I have Uncle Intel On CRYTPO
SEEK TRUTH....1111

[link to www.investopedia.com (secure)]

WHO IS SHEILA WARREN,,,,the head of WEF...world economic forum////.
neutrino

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Belarus
02/22/2021 11:50 AM

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Re: I have Uncle Intel On CRYTPO
There is also a future problem. Quantum computers could crack bitcoin. The block chain itself to rearrange the history of transactions to change balances or just attack individual wallets which would be easier, obviously, the ones attacked would have the largest amount of bitcoin.

This is about 10 years off, but possibly sooner with the individual wallet attacks.

Of course this is a problem with all cryptography and new codes are being developed to be more quantum resistant. Bitcoin as it is is doomed though.
 Quoting: Anonymous Coward 79360564


And the answer is
THE QUANTUM RESISTANT LEDGER

[link to www.theqrl.org (secure)]

This is the true crypto of the future.

It is dirt cheap now and still in its infacy. I predict it will rise 30000 times it worth now.

Some good FAQ on quantum computers and impact they have on bitcoin.

[link to faqq.info]


And, yes, I mined bitcoins in 2011.
Head2Bunker

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02/22/2021 11:51 AM

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Re: I have Uncle Intel On CRYTPO
So OP why is PayPal, Visa, MasterCard, along with other major banks, institutions and governments all getting on the crypto train?

Right now they're trying to knock the price down so they can scoop up more

Blockchain isn't going anywhere, TPTB want it as much as anyone

Tell your uncle I said
bsflag
 Quoting: Anonymous Coward 77287674


thiss
Anonymous Coward
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02/22/2021 11:54 AM
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Re: I have Uncle Intel On CRYTPO
People don't understand the block chain who say stupid shit like this.

Buying the dip. Bullshit post.
Cryptographer

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02/22/2021 11:55 AM
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Re: I have Uncle Intel On CRYTPO
Buddy just called me from DC. He works for a compliance firm that is also fairly big in the world of financial legislation and lobbying. This guy is sharp. An MBA, numerous licenses. I trust him and we have been friends over 20 years. If he is ever allowed to talk about something, we talk. We talked this am about crypto.

Here is the rumors going around of some new regulations set to hit within the coming months:

1)Crypto Currency will be regulated by current amendable banking regulations. It won't be a control move at the exchanges themselves but rather the on and off ramps of those.

2)Any business wishing to have a SWIFT bank account will be required to instantly settle any and all crypto transactions PRE CLOSE for any transaction over $500.00. Basically meaning, if you want to buy something from me with bitcoin, I have to upon receipt instantly settle that in USD. This will essentially make crypto a more cumbersome payment system. Not an easier one. Also does not allow a business to stockpile crypto. Sure they can re buy it after the convert to USD. But then additional fees etc. We will get to that.

3)No anonymous transactions. Any item / transaction with crypto will require ID verification. They are talking literally scanned drivers licenses etc. For all transactions. Think about the headache. Failure to do so by either party will be met with steep fines, prison, etc.

4)There will be a transactional tax implanted of x percent on all crypto transactions due quarterly to the IRS. If you take 100k in crypto you will owe X percent to the IRS as a business quarterly. On top of and in addition to normal quarterly estimated taxes etc. Its unclear whether its DUE at the quarter or will be an estimated tax and then a final settlement at year end. This means most businesses instantly make LESS when selling something for BTC/Crypto.

5)Per transaction trading fees of x% on all crypto trades in addition to normal standard capital gains taxes. The rates are being discussed are 2-3%. Making scalping crypto nearly an impossible trading process.

6)This will initially be done with current regulations being amended but talk of an all inclusive new bill. Think something like the Patriot Act 2.0. Heavy fines, prison time, and penalties. The goal is to make it very difficult and cumbersome for any legitimate business to wish to do business in crypto currencies and for any trader of them to have a very hard time.

This is the basic gist of what we discussed. Basically legislators know the technology is too democratic to all out make illegal crypto, but the new regs are designed to make using crypto in legitimate endeavors more cumbersome, complicated, expensive and dangerous.

Stay safe.
 Quoting: TrufSerumX


And the rest of the world would not have to listen. The US might be able to hold SWIFT over peoples heads at the moment but that is EXACTLY why a new settlement system sans United States needs to happen.

The US in in its decline and they will do everything in the meantime to maintain relevance. In the end they will loose as the entire planet is too difficult to "force" control over.
Cryptographer
Anonymous Coward
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02/22/2021 11:58 AM
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Re: I have Uncle Intel On CRYTPO
Buddy just called me from DC. He works for a compliance firm that is also fairly big in the world of financial legislation and lobbying. This guy is sharp. An MBA, numerous licenses. I trust him and we have been friends over 20 years. If he is ever allowed to talk about something, we talk. We talked this am about crypto.

Here is the rumors going around of some new regulations set to hit within the coming months:

1)Crypto Currency will be regulated by current amendable banking regulations. It won't be a control move at the exchanges themselves but rather the on and off ramps of those.

2)Any business wishing to have a SWIFT bank account will be required to instantly settle any and all crypto transactions PRE CLOSE for any transaction over $500.00. Basically meaning, if you want to buy something from me with bitcoin, I have to upon receipt instantly settle that in USD. This will essentially make crypto a more cumbersome payment system. Not an easier one. Also does not allow a business to stockpile crypto. Sure they can re buy it after the convert to USD. But then additional fees etc. We will get to that.

3)No anonymous transactions. Any item / transaction with crypto will require ID verification. They are talking literally scanned drivers licenses etc. For all transactions. Think about the headache. Failure to do so by either party will be met with steep fines, prison, etc.

4)There will be a transactional tax implanted of x percent on all crypto transactions due quarterly to the IRS. If you take 100k in crypto you will owe X percent to the IRS as a business quarterly. On top of and in addition to normal quarterly estimated taxes etc. Its unclear whether its DUE at the quarter or will be an estimated tax and then a final settlement at year end. This means most businesses instantly make LESS when selling something for BTC/Crypto.

5)Per transaction trading fees of x% on all crypto trades in addition to normal standard capital gains taxes. The rates are being discussed are 2-3%. Making scalping crypto nearly an impossible trading process.

6)This will initially be done with current regulations being amended but talk of an all inclusive new bill. Think something like the Patriot Act 2.0. Heavy fines, prison time, and penalties. The goal is to make it very difficult and cumbersome for any legitimate business to wish to do business in crypto currencies and for any trader of them to have a very hard time.

This is the basic gist of what we discussed. Basically legislators know the technology is too democratic to all out make illegal crypto, but the new regs are designed to make using crypto in legitimate endeavors more cumbersome, complicated, expensive and dangerous.

Stay safe.
 Quoting: TrufSerumX


And the rest of the world would not have to listen. The US might be able to hold SWIFT over peoples heads at the moment but that is EXACTLY why a new settlement system sans United States needs to happen.

The US in in its decline and they will do everything in the meantime to maintain relevance. In the end they will loose as the entire planet is too difficult to "force" control over.
 Quoting: Cryptographer


Underrated post! The US cant see past their own nose on this and it will be the biggest wake up call for them once they not only realize they don't control this, but they are also too late to the party.

clappa
Anonymous Coward
User ID: 79915262
Canada
02/22/2021 12:00 PM
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Re: I have Uncle Intel On CRYTPO
Look into XRP right now in lawsuit with the SEC - will probably be labeled as a currency

it can send AND receive transactions in under 6 secs anywhere, anytime- already legal in UK & Japan

they may partner or take over 'SWIFT' the international community hates SWIFT because of USD's power & USA using it as a political weapon for decades
Duncan the destroyer

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02/22/2021 12:02 PM
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Re: I have Uncle Intel On CRYTPO
The NWO is going to use a crypto to fuel their digital currency. They'll eventually stomp the living hell out of the ones they fear most. I imagine Monero has a huge target on its back right now. To me BTC seems like an NWO created beta-test. So I have no idea what happens to that one. But most of the alt-coins will be destroyed via banning imo.
 Quoting: My Foolish Daydream


80% of the world has already officially declared various crypto's as currencies.

They have also begun adopting crypto ETF's.


Only the USA is far behind in this whole thing.

The SEC is screwing the American public. While the rest of the world is setting up systems and scooping up crypto currencies, the USA is having its hands tied.
 Quoting: Anonymous Coward 75993659


Level the playing field
Duncan the destroyer
Anonymous Coward
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02/22/2021 12:04 PM
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Re: I have Uncle Intel On CRYTPO
Look into XRP right now in lawsuit with the SEC - will probably be labeled as a currency

it can send AND receive transactions in under 6 secs anywhere, anytime- already legal in UK & Japan

they may partner or take over 'SWIFT' the international community hates SWIFT because of USD's power & USA using it as a political weapon for decades
 Quoting: Anonymous Coward 79915262


What will XRP reach? Right now it is under a dollar.
Anonymous Coward
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02/22/2021 12:06 PM
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Re: I have Uncle Intel On CRYTPO
Interesting. Since crypto is global it will require the rest of the G7 + Russia and China to act accordingly. Otherwise the exchanges will all go international and any US citizen trading will just do so overseas.

I think the US government finally sees the danger of BTC in that if a party like OPEC started doing settlement in BTC it would be game over for the dollar and the US.
Anonymous Coward
User ID: 79993952
Australia
02/22/2021 12:10 PM
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Re: I have Uncle Intel On CRYTPO
yep dont ban it yet ruin it
lol people thought they could take down the central banks and the big commercial banks

you will need to go to much more discreet coins to bypass the system is my guess, monero?
 Quoting: Anonymous Coward 77181668


monero is totally secure.. too secure, they have blocked it in NZ and australia.
My Foolish Daydream

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02/22/2021 12:14 PM

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Re: I have Uncle Intel On CRYTPO
yep dont ban it yet ruin it
lol people thought they could take down the central banks and the big commercial banks

you will need to go to much more discreet coins to bypass the system is my guess, monero?
 Quoting: Anonymous Coward 77181668


monero is totally secure.. too secure, they have blocked it in NZ and australia.
 Quoting: Anonymous Coward 79993952


Yup, I suspect Monero is on the chopping block. NWO digital currency can't be having people move money without them knowing about it. All about the control.
It's just a bad day, not a bad life. If you run, I will run, until my last breath.
Trio

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02/22/2021 12:25 PM
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Re: I have Uncle Intel On CRYTPO
[link to finance.yahoo.com (secure)]

"India Prepares Bill To Ban Cryptocurrency

India has moved to ban cryptocurrencies as the government has listed a draft bill that proposes a complete ban on all private cryptocurrencies in the country."

Who knows how many bitcoin miners there are there? What happens when India does this?
GLP EFFECT = Saving the world one thread at a time.

Life's only consistency is change.
tomk

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02/22/2021 12:32 PM
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Re: I have Uncle Intel On CRYTPO
this is the main reason i stayed out of cryptos. i knew this day would come
 Quoting: mr dull socks


A monetary investment with no intrinsic value is dangerous.
 Quoting: Anonymous Coward 76011661


Life is dangerous. What does this have to do with anything?

What I don't understand is how they plan to enforce any of this. I thought cryptocurrency was decentralized and anonymous? It's open source software--that's about as easy to outlaw as a computer virus. Not to mention that their jurisdiction only extends to the United States, but the internet is worldwide.
Need a search engine after the Google-fiasco? Look here: peacelove.me/advertising-search-engines.html

It's like Lee Iaccoca said, "Grow a brain cell, think for yourself, or die and go away."

peacelove.me
Anonymous Coward
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02/22/2021 12:45 PM
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Re: I have Uncle Intel On CRYTPO
Monero is a shitcoin. Beware
Anonymous Coward
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02/22/2021 12:49 PM
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Re: I have Uncle Intel On CRYTPO
No offense, but how many "Uncle Intel" threads were there about Trump eminently taking down the Deep State and securing reelection in 2020?

Big players are already making billions off of Bitcoin, so that's not going anywhere.

99% of the other shitcoins could disappear tomorrow and that would be fine with me.
_RENDER

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02/22/2021 12:51 PM
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Re: I have Uncle Intel On CRYTPO
AS-thumbsdown
“Cursed be the ground for our sake. Both thorns and thistles it shall bring forth for us. For out of the ground we were taken, for the dust we are... and to the dust we shall return” - Genesis 3:18

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Anonymous Coward
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02/22/2021 12:55 PM
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Re: I have Uncle Intel On CRYTPO
Lots of taxes to be tracked.
 Quoting: Anonymous Coward 80077203


The “president” doesnt know where he is, but we should be worried about taxes? laugh out loud.
Anonymous Coward
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02/22/2021 12:55 PM
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Re: I have Uncle Intel On CRYTPO
I would look into Charles Hoskinson’s new(ish) project when you have a chance.

There’s more out there than just BTC and ETH. There’s a bull run due to market sentiment surrounding inflation and distrust with the current centralized banking system. That’s the primary reason as to why crypto has become huge. They can attempt to tax all they want but if there’s underground economies surrounding crypto like in Central Asia and Africa, most of the first-world is on its way to duly adopting this due to mismanagement and mistrust.

Crypto is the only way to democratize finance, contracts, and governance. Decentralization guarantees privacy and allows parties who typically don’t trust one another into engaging in economic activity together.

Crypto allows us to not bribe local officials. It permits us not to become slaves in totalitarian economies. Crypto allows economic activity in times of war and in times of natural disaster.

Invest now. It may not have complete mass adoption in the first world but look to Sub-Saharan Africa. They’re all over this since their governments are unreliable and the banking system often lends at 50-70% interest.

Talk about payday loans!
I'm allergic to AI

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02/22/2021 12:57 PM
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Re: I have Uncle Intel On CRYTPO
I hate people who invest in Bitcoin and other cryptos. I'm obsessed about them but I refuse to realize I'm actually talking to myself.
 Quoting: mr dull socks


Some day you'll die, yet you're still alive. You can cut yourself using a knife, yet you use one. You can have a bad day getting out of bed in the morning, yet you do - I mean, do you?

Just like you, some people feel like taking risks to live better or differently. However, no one really cares that you decided to either not take any risks in cryptos or opt out of it, that is unless you have something interesting to say.

Once and for all, and since you obviously have nothing to say and are probably just a mad guy for whatever reason, why don't you just shut the fuck up and eat your hat instead of polluting all Bitcoin threads you can?
Beware of god. Do not feed.





GLP