[tccadmin]

Hi Adam – I should have made the separation clearer that the Tether on Bitcoin (via Taproot) was a separate item from “Death of ETH”

You are correct in your annoyance with how ETH gas fees work (or don’t work). You usually do need some units of the base L1 to conduct your transactions, but across most other chains (Solana, Polygon or Sonic, Stacks) the gas fees are so small and the transactions so fast, you kind of forget it’s an issue.

On ETH, not so much, as when network congestion is high and all you want to do is move something it’s suddenly costing you $15 or $50 to do it, even if you’re just trying to get up to an L2 on Ethereum.

With Lightning and Taproot on Bitcoin it’s all the same units: satoshis (sats) with the main difference being you’ll initially move some amount of your BTC “offchain” essentially, when you move it into your Lightning wallet – from there you open channels, etc – but it’s super fast, super cheap and never as much of an issue getting from onchain to Lightning as it is ETH to L2.

[tccadmin]

It seems to be by their own declarations – they want to be a base layer for inter-bank clearning and CBDCs.

I’ve been trying to set some time aside to read up on XRP since this was the surprise mover for me this cycle, so far it just seems to be a digital extension of permissioned ledgers.

[tccadmin]

Yes – the government can sanction private wallet addresses. We saw this during the Freedom Convoy protests in Canada when the Canadian government seized bank accounts and issued a list of sanctioned wallet addresses.

This will not prevent miners from processing transactions. Marathon (MARA) once experimented with mining “OFAC compliant blocks only” and it was disaster and lasted less than two weeks before they pulled the plug.

There are myriad ways to circumvent a government sanction on a private wallet, like just moving to an offshore DEX and changing the BTC into wBTC or something else.

This is the big elephant in the room for governments vs crypto – they may know about your wallets and even your transaction history, but for the most part, they can’t actually do anything about it.

[tccadmin]

Yes – sorry. The one here. Just editing a note on Cypherpunk (now Sol Strategies) going out today

[tccadmin]

Yes – sorry. The one here. Just editing a note on Cypherpunk (now Sol Strategies) going out today

[tccadmin]

I’m not familiar with HodlHodl other than to know they’ve been around awhile.

On Bitcoin ATMS – yes, the premiums are high, 15% is normal.

Mining is not subject to KYC (at least for now – some of the scarier legislation we’ve seen were going to try, but they all fizzled because it’s not workable)

If you’re willing to try it, you could even mine some other coin (like a GPU mined coin) and then just swap that crypto into Bitcoin using a DEX like Tradeogre

Right now I have my GPUs mining FLUX and sending it straight to my Tradeogre deposit address and then I can use the API to convert it into BTC daily/weekly/monthly The only thing I can’t script is the withdrawal into my wallet, I have to log in to do that.

You could also look at some affiliate programs that pay out in BTC (I was going to say Swan but I can’t remember what info I gave them when I originally set up my account).

The hard part is getting from fiat to BTC, if you’re already in crypto, it’s a lot easier (you can even convert into Wrapped BTC, wBTC in cases where there is no direct bridge available to BTC, it’s not the same thing but it has tracked the price nearly 100% over the years – bridge it at some point).

• This reply was modified 6 months ago by tccadmin.

[tccadmin]

We’re actually starting to build out gold-backed crypto directory over on Dollar Collapse. So far we’ve looked into Lode (seems to have liquidity and execution issues), and we’re about to publish an overview of Tether Gold.

The biggest problem with gold-backed cryptos (and vaulted gold) is regulatory. So far I haven’t found one where you could frictionless buy some, and then when you need to, redeem it out in physical some place other than the jurisdiction in which you’ve been KYC-ed.

[tccadmin]

I have Ver’s book but haven’t read it yet. I did come across a review that debunked the core allegations.

Ver, along with his Bitcoin Cash cronies tried to takeover Bitcoin and came out the loser, so anything he says has to be viewed through that kens.

Ver isn’t exactly Julian Assange, so I’d take any narratives framing him as some truth-teller exposing the cabal with a grain of salt.

• This reply was modified 8 months ago by tccadmin.

[tccadmin]

This is getting harder.

BullBitcoin used to be the place in Canada but they now have to KYC.

So the first two options that come to mind:

• Bitcoin ATMs often allow it up to $1K at a time
• Earn it. Through affiliate marketing (Swan Bitcoin, etc) or through your business or side gig

I suppose a third option is if you can somehow get some other crypto, KYC, you can then swap it for BTC in a non-custodial wallet like Atomic.

[tccadmin]

I use Bitwarden because we can self-host the repository behind our corporate VPN.

[tccadmin]

Well the ETFs are here (in the US anyway, we’ve had them in Canada for years) and so far sideways chop in the price action but some decent inflows into the ETFs.

[tccadmin]

I’m defanging those URLs as I don’t want anybody to click on those.

Alas, it looks like a 100% scam site, a total phish of coinjar {.} com, the real exchange.

I’m very sorry but your funds will be unrecoverable – as soon as I read that they wanted you to deposit more money to get your other money out I knew it was a fraud.

You could make a report to your local fraud squad. Unfortunately it’s hard to get local law enforcement interested these matters. Maybe they can connect you with a national fraud squad.

Where are you located?

[tccadmin]

I think Coinbase is the safest exchange in the US from a regulatory standpoint.

They are proactively advocating on behalf of the entire crypto industry, Paul Grewel (the Chief Legal Officer) routinely takes the SEC to task (and wins!)

All the huge institutions including the US government itself use Coinbase for custody, they are going to be the custodian on all eight spot ETFs when they finally launch – they’ve already baked themselves in.

No matter what happens on the regulatory front, you can count on Coinbase to spearhead the crypto community’s response, while at the same time being the preeminent institutional and governmental custodian and partner.

In other words, these guys are already part of the plumbing. They’re not going anywhere.

[tccadmin]

Hi Yat

Try Interactive Brokers, they have a very wide spectrum of international markets:

https://www.interactivebrokers.com.sg/

[tccadmin]

I just never thought of it as a crypto, it’s not on a blockchain, there’s no scarcity, no hard cap – it may as well be fiat.

Then there was all the regulatory headwinds. I guess there still is, given the SEC may appeal the latest decision.

Finally, given that Ripple is overtly positioning themselves to be a base layer for CBDCs, I just want to keep my crypto investing to anti-CBDC instruments.

If we want to monetize the picks and shovels of the coming CBDC system I figure the best place to so it is via the banks and the exchanges.

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