Daily Crypto Nooooooz

[indiamikezulu]

https://www.reddit.com/r/CryptoCurrency/comments/6e9p1l/can_someone_explain_to_me_what_is_going_on_with/

http://boards.4chan.org/biz/thread/2233840

'Forget ICO's find a diamond that has already been out for 3 years ready to explode . . . '

[on the 4chan board]

Big-Picture Thoughts: firstly, coins on 'Page Two' on Coinmarketcap are no longer beyond the pale. As capital floods in, they'll thrive -- heck, they are thriving! I understand 'diamond' to mean: 'established' and 'rare' (non-debasable).

Next: mature crypto communities should be leveraging the talent of their communities. A community could run various projects, like consulting and merchant support and OTC/P2P. Shoot me with a tranquilliser dart for my enthusiasm! I'm thinking a decade down the track. Key community figures will fly to meet-ups to develop trust, to develop projects. We'll have 'silent partner' investors, accountants, OPSEC experts, etc.

And this is not just guff. Us IndiaMikeZulu guys are in our fifth year of this project: trust, information-sharing, tax-regulation knowledge, portfolios 'vaulted' for friends and family, meet-ups, bullion integration.

[indiamikezulu]

https://cointelegraph.com/news/breaking-chinese-exchanges-resume-withdrawals-bitcoin-likely-to-surge

[indiamikezulu]

' . . . risk of entering a negative credit spiral . . . further exacerbating its fiscal distress.'

'Exposure to stepped-up interest costs . . . '

'Distressed pension funding levels . . . '

http://www.barrons.com/articles/s-p-downgrades-illinois-debt-sees-risk-of-negative-credit-spiral-1496334229

[indiamikezulu]

http://imgur.com/a/im8tr

Oooh!! These graphs show just how very very very much money cryptos could soak up.

[indiamikezulu]

I wanna invent Krypto Stand-Up Komedy!!

[http://www.coindesk.com/eu-commits-e5-million-fund-blockchain-surveillance-research/ ]

So, 'a justification for beefing up the ability to track cryptocurrency payments [but] At the same time, those involved pledged not to violate user privacy rights . . . '

It's a special type of tracking, readers. You do it with a blindfold on so that you don't notice anything about the users you're tracking.

And the involvement of Finland's National Bureau of Investigation? No, seriously, I hear that Finnish folk lie awake at night worrying about TittieCoin-ers buying fake Prada hand bags on The Dark Net – maybe the Government could put cameras in our smartphones and plasma screens to stop this sort of thing.
No wait! They already have!

And the name? ' "Tools for the Investigation of Transactions in Underground Markets", or 'TITANIUM' '? I mean, the fact that the acronym came out as the name of a rare and valuable metal? How come it never comes out as 'ARZZGWOMBLE'? or 'WAMOODIMPYGLUCK'? [Or even 'TOTITIUM'?]

And we all bloody know the answer: whole conference rooms full of pudgy-bottomed bureaucrats spend hours thinking these things up.

That's the naked truth. You can imagine these men boasting to their wives over dinner that night: 'Well, it came out first as 'NINNKEEPOOOZIZZLE'! But a couple of hours brain-storming, and BAM!! -- Project 'STRONGLAND'!

[indiamikezulu]

Hang them by their ankles! Co-operate with them to understand this phenomenon!

'We are doing a great deal to create a favorable business climate and above all to provide macroeconomic conditions for sustainable economic growth and a stable social system . . . '

http://www.coindesk.com/vladimir-putin-vitalik-buterin-discuss-ethereum-opportunities-recent-forum/

Well, this is a change from the twaddle of 2013. What tells us the most here is the sorts of countries in which Bitcoin is illegal: Bangladesh, Bolivia, Ecuador & Kyrgyzstan.

However, there are categories beyond 'legal-illegal.' Australia, for example, never shuts up saying, 'Fintech is the future!' but the relevant regulations are clumsy and unclear. Meanwhile, South Korea has ' . . . no laws . . . regulating Bitcoin use . . . '

[ https://news.bitcoin.com/worlds-top-10-bitcoin-friendly-countries/ ]

And some nations will use the 'bait-and-switch' of 'e-fiats,' that is, 'cryptos' that are really just an electronic form of the national currency.

What I do hope to see -- what I think we need in order to develop GRS as a currency -- is community members with a knowledge of the situation in their individual nations (dittos buying and mailing bullion).

[jackielove4u]

What I do hope to see -- what I think we need in order to develop GRS as a currency -- is community members with a knowledge of the situation in their individual nations (dittos buying and mailing bullion).

Ask me anything about The Netherlands

[indiamikezulu]

What I do hope to see -- what I think we need in order to develop GRS as a currency -- is community members with a knowledge of the situation in their individual nations (dittos buying and mailing bullion).

Ask me anything about The Netherlands

Ta for this offer, Jackie. I have called this 'national chapters,' and been thought quite mad for the idea. However, every country has different bullion and crypto regulations, and social values, and fintech environments, and economic situations, and other relevant factors.*

And it is also the case that I am not pseudonymous. Thus I can put my name and country at the bottom of posts.

Mark, Western Australia

*The Net is so weak where I am that back in 2014 I had to take my laptop on a 160-k round trip to synch the blockchain for new wallets. On one occasion, it took 48 hours and an expert's help to synch/'build' a Bitcoin wallet.

[indiamikezulu]

'Though cryptocurrencies are doing very well this year, analysts foresee that when the economic climate is better, investors will go back to traditional investment mediums and leave cryptocurrencies.'

https://cointelegraph.com/news/why-ethereum-may-grow-higher-in-value-than-bitcoin


'when the economic climate is better'?!!

I'll state my case simply, readers: this prediction is utter rubbish. The Global Financial Crisis has barely begun. Fiat currencies will fall further and further into disrepute. Cryptos will go from strength to strength.

[indiamikezulu]

You're helping three incompetent weaklings carry a piano down a narrow staircase. You can hear them slipping and cursing. You start calculating how bad you'll let the situation get before you make a dash out from under.

http://www.telegraph.co.uk/business/2017/06/07/santander-buys-struggling-spanish-bank-popular-for1/

[indiamikezulu]

https://cointelegraph.com/news/fee-for-all-kraken-to-charge-almost-7-for-bitcoin-withdrawals

[jackielove4u]

https://cointelegraph.com/news/fee-for-all-kraken-to-charge-almost-7-for-bitcoin-withdrawals

Dont get me wrong, im a pro Bitcoin Core fan but.. That fee is too high to get user adaption. 7 dollar is ALOT in third world countries, or is Bitcoin only for the rich countries?
I personally believe fee should be just couple of cents (like in GRS).

[indiamikezulu]

https://cointelegraph.com/news/fee-for-all-kraken-to-charge-almost-7-for-bitcoin-withdrawals

Dont get me wrong, im a pro Bitcoin Core fan but.. That fee is too high to get user adaption. 7 dollar is ALOT in third world countries, or is Bitcoin only for the rich countries?
I personally believe fee should be just couple of cents (like in GRS).

V. v. cheap transfer-fees sure was one of the original reasons we gave for crypto adoption.

[indiamikezulu]

Something A Little Different

no confusion here: I'm a libertarian oriented to the P2P adoption of hard-capped cryptos. Meanwhile, though . . .

us IndiaMikeZulu guys keep an eye on all possible Australian crypto projects; and one of these -- confidential for a couple of weeks more -- is a 'DLT' project, a 'permissioned blockchain.'

So why mention it here? Well, if nothing else, they're pumping money into comprehending the labyrinth of global crypto/DLT regulations (and -- tee hee -- they've discovered real cryptos on the way).

But I'm more interested in the eventual 'overlaps' with our interests. This project is international. The first stage will be the 'core' model, but the later stages will involve the integration of whole communities into daily (permissioned) blockchain use.

And the foundation of the token in question will be a pile of fiat in a vault (tokenised). My bet is that within three to five years, we'll be able to talk these guys into using a real crypto instead.

[indiamikezulu]

I've just been cruising Reddit altcoin sites this morning, trying to get a feel of where we're at. There are four or five sites like this one:

https://www.reddit.com/r/altcoin/ and this one: https://www.reddit.com/r/CryptoMarkets/

Never seen so many newcomers!

Sadly, one seems like a troll if one seeks to . . . just round them all up:

'Git along there, little dogies. Off we go to Groestl!!!!'

[No, I didn't misspell 'doggie.' 'Dogie' is an old cowboy word for a motherless calf.]