The Bitcoin Thread

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rza

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Did anybody really think the Reserve Banks of this world will sit by and do nothing while a new competitor that they can't control enters the market?! I for one am glad that crypto is taking over, so we can have a rest from the international bankers who have ruled the world for centuries now.
 
SaiyanZ

SaiyanZ

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I think there's a small chance than governments will eventually ban cryptos and a big chance that they will force Exchanges to supply data to them like the banks currently do and tax us based on the info. So we can't escape either way.
 
Temujin

Temujin

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Ignore the banker fud... they can push all they want to ban, but reality is, no government will outlaw/ban cryptocurrencies or exchanges, far too much tax money to be earned through it, hell, most of em probably already own some... all these 'ban' headlines always end up being 'we didn't say that' and true story is always all about regulations/registrations etc pushing for their cut and tax. Banks need to adapt or die(and most, even is sa are 'secretly' already starting the adapting process)
 
Temujin

Temujin

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SaiyanZ said:
I think there's a small chance than governments will eventually ban cryptos and a big chance that they will force Exchanges to supply data to them like the banks currently do and tax us based on the info. So we can't escape either way.
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+1 This, too much money to be made
 
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MrGray

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rza said:
Did anybody really think the Reserve Banks of this world will sit by and do nothing while a new competitor that they can't control enters the market?! I for one am glad that crypto is taking over, so we can have a rest from the international bankers who have ruled the world for centuries now.
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Actually, I've seen some speculation that many of them are privately rather keen on cryptocurrency as a way out of the global dependency on the US Dollar, or just keen on anything that threatens it's hegemony. So the G20 countries will probably fight it tooth and nail, but many smaller countries reserve banks may not be quite as opposed as you might assume.
 
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rza

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garp said:
Actually, I've seen some speculation that many of them are privately rather keen on cryptocurrency as a way out of the global dependency on the US Dollar, or just keen on anything that threatens it's hegemony. So the G20 countries will probably fight it tooth and nail, but many smaller countries reserve banks may not be quite as opposed as you might assume.
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Exactly, and our government being part of BRICS which is looking to move away from the Dollar domination will say nothing bad about crypto.
 
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Messugga

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rza said:
Exactly, and our government being part of BRICS which is looking to move away from the Dollar domination will say nothing bad about crypto.
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SARB supports block chain technology and crypto. USD transactions go through Mauritius in the SADEC region, and the SARB isn't a fan of this.
 
Hendrix

Hendrix

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davidc75 said:
Care to explain? If i have some eth in a Jaxx wallet do i automatically qualify?
Is there a minimum amount
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Ive never used JAXX, but I read you do control your private keys.
So Yes you can claim. Anyone who had any amount of coins in a wallet at the time of the fork can claim.
You can import your private key into a “fork” wallet. But I suggest you research this carefully before doing it, as you do it at considerable risk.
JAXX might assist with the claiming later on, who knows...
Wallet providers and Exchanges are under no obligation to support forked coins.
 
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Mr.Ree

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Just moved R2000.00 worth of ETH to Binance from Luno and the value I received is only worth R1809?? Was that all fees?
 
Voicy

Voicy

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Mr.Ree said:
Just moved R2000.00 worth of ETH to Binance from Luno and the value I received is only worth R1809?? Was that all fees?
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The SA exchanges are highly inflated.

On Luno:

ETH = R16,571

BTC = 188,519

On Poloniex

ETH = $1,150 USD = R14,237

BTC = $13,221 USD = R 163,543

(1 USD = R12,37)
 
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