Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 11388. (Read 26726029 times)

legendary
Activity: 1694
Merit: 1207
https://bitcoinist.com/gemini-backed-bitcoin-interest-account/

6.2% annual interest for a Bitcoin account sounds appealing. The idea is good and may attract many investors. But what if BlockFi turns out to be the new Bitconnect? Who cares that it is backed by Gemini?Any thoughts on this?

Posted similar question a few pages back,but got quickly devoured by pages of memes that monopolised the short attention son of WO thread... (not whining at all, I like WO memes!)

6.2% is appealing, but remember that you are being KYC’d if you deposit. Basically you are giving up your privacy for 6.2% yearly interest.

Keep in mind that if you deposit from an address, simple chain forsensic analysis will drive the G-Guys to your BTC stash.



More than that, you are giving your private keys to a third party entity. What if they bankrupt or they get "hacked" or their CEO dies or whatever?
legendary
Activity: 938
Merit: 2540
<>
legendary
Activity: 2380
Merit: 17063
Fully fledged Merit Cycler - Golden Feather 22-23
https://bitcoinist.com/gemini-backed-bitcoin-interest-account/

6.2% annual interest for a Bitcoin account sounds appealing. The idea is good and may attract many investors. But what if BlockFi turns out to be the new Bitconnect? Who cares that it is backed by Gemini?Any thoughts on this?

Posted similar question a few pages back,but got quickly devoured by pages of memes that monopolised the short attention son of WO thread... (not whining at all, I like WO memes!)

6.2% is appealing, but remember that you are being KYC’d if you deposit. Basically you are giving up your privacy for 6.2% yearly interest.

Keep in mind that if you deposit from an address, simple chain forsensic analysis will drive the G-Guys to your BTC stash.

EDIT: Reason #1 against lending your Bitcoins to a third party is: “Not your keys, not your Bitcoins” . I think It is obvious, but it need to be remembered every time. Even if Gemini is a state of the art exchange, the risk is still present.
legendary
Activity: 2758
Merit: 13660
BTC + Crossfit, living life.
^
In Belgium there’s that commercial slogan
“Waar thuis is waar mijn Stella staat”
“My home is where my Stella (beer brand) is”

Yea you know, my home is where my BTC-rollercoaster go’s (have Some Nice pics with that little dude in the PIC) Cheesy
legendary
Activity: 2758
Merit: 13660
BTC + Crossfit, living life.

I’m not a real beer drinker (pity as a belgian)
But already drunk a few of these SAN Miguel flavored beers

And its refreshing, green looking and goodtasting AF

(@nutildah, gonna try the one you Said as well Wink )

Those who eat green can not drink alcohol.
If you keep eating vegetables you will disappear the volume and the length of the muscles, of all the MUSCLES... Grin

When are you back, Mic?

18 or 19th of march Roll Eyes
legendary
Activity: 938
Merit: 2540
<>

I’m not a real beer drinker (pity as a belgian)
But already drunk a few of these SAN Miguel flavored beers

And its refreshing, green looking and goodtasting AF

(@nutildah, gonna try the one you Said as well Wink )

Those who eat green can not drink alcohol.
If you keep eating vegetables you will disappear the volume and the length of the muscles, of all the MUSCLES... Grin

When are you back, Mic?
legendary
Activity: 2758
Merit: 13660
BTC + Crossfit, living life.
Wells Fargo, a Buffett investment, has been fined 93 times for fraud and other abuses, for a total of $14.8 billion in fines since just 2000

I'll take bitcoin's "charlatans" over that any day

https://twitter.com/barrysilbert/status/1104517707570036740?s=21
legendary
Activity: 2758
Merit: 13660
BTC + Crossfit, living life.
via Imgflip Meme Generator

I’m not a real beer drinker (pity as a belgian)
But already drunk a few of these SAN Miguel flavored beers

And its refreshing, green looking and goodtasting AF

(@nutildah, gonna try the one you Said as well Wink )
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom

^Still in need of 58 sM to wear a hat like you guys,it take too long though.



If i can i’ll do it as well but currently out of Smerits (time for a boost as well lol Roll Eyes )
But if you’re lucky and gentlemand is in the mood .... or xyzzy099 ..... they both helped Some GOOD WO’s before

Will get their soon already provide comrade XhomerX with a thoughtfull idea

Maybe Finding Nemo character HAT?

Where are you guys its time for you to be in action,because Mic is out of powers. Grin

Yes its my hat,will make one when reaches higher rank.
legendary
Activity: 2758
Merit: 13660
BTC + Crossfit, living life.
We can find most generous people of bitcointalk on wall Observer thread. Cheesy

@ivomm is one of 'em.

^^ 11 sMs it huge amount. Kiss

https://media.giphy.com/media/3ohjV2F7SUPkxnpMxW/giphy.gif

Ivomm = a true and good community member as steady BTC believer/buyer/HODLER
Always supportive for those members
legendary
Activity: 2758
Merit: 13660
BTC + Crossfit, living life.

^Still in need of 58 sM to wear a hat like you guys,it take too long though.



If i can i’ll do it as well but currently out of Smerits (time for a boost as well lol Roll Eyes )
But if you’re lucky and gentlemand is in the mood .... or xyzzy099 ..... they both helped Some GOOD WO’s before

Will get their soon already provide comrade XhomerX with a thoughtfull idea

Maybe Finding Nemo character HAT?
legendary
Activity: 2702
Merit: 2053
Free spirit
Beware of fishing scams

hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
We can find most generous people of bitcointalk on wall Observer thread. Cheesy

@ivomm is one of 'em.

^^ 11 sMs it huge amount. Kiss

legendary
Activity: 1694
Merit: 1207
The state of the market's cryptocurrency is currently displayed in this photo.  Sand is the unwillingness and opposition to Bitcoin adoption.  The guys who push the car are HODLers.  The car is Bitcoin.





And the guys watching it (u can see their shadows on the sand) and the guy with the camera are us - WO thread members.
Yah, the guys pushing are buyers. HODLers ain't doing shit.

HODLers are in the car being carried...
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom

^Still in need of 58 sM to wear a hat like you guys,it take too long though.

legendary
Activity: 938
Merit: 2540
<>
Just got promoted to Sr. Member Hodler. Grin

+1 sM for Sr.Hodler Wink
legendary
Activity: 2758
Merit: 13660
BTC + Crossfit, living life.
tl;dr: Banks lead the world in money laundering, not Bitcoin:
Money Laundering: Here's How They Do It - Bloomberg

https://twitter.com/alansilbert/status/1104602864067006464?s=21
legendary
Activity: 2758
Merit: 13660
BTC + Crossfit, living life.
Elizabeth Warren wants to break up Facebook and Amazon for being too powerful.

Just wait till she figures out that she can never break up Bitcoin.

https://twitter.com/apompliano/status/1104511691801481216?s=21

Half of Buffets largest investments are banks.

Bitcoin undermines a legacy built over a lifetime. The more relevant bitcoin is, the less relevant banks are.

Buy bitcoin, bye banks, bye half of Buffet's holdings.

https://twitter.com/alecziupsnys/status/1104593691216363521?s=21

Bitcoin follows all the rules of finance.

Fiat violates all the rules of finance.

https://twitter.com/alecziupsnys/status/1104562694571675653?s=21
legendary
Activity: 2758
Merit: 13660
BTC + Crossfit, living life.
Just got promoted to Sr. Member Hodler. Grin

Perfect you deserved it a lot
Keep on going brother
legendary
Activity: 1891
Merit: 3096
All good things to those who wait
Just got promoted to Sr. Member Hodler. Grin
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