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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 9407. (Read 26710226 times)

legendary
Activity: 2268
Merit: 1278
Lithuania: Narvesen Stores and Lithuanian Press Kiosks to Sell BTC

Quote
No Know Your Customer checks

No ID or other documents will be required to convert euros into Bitcoin acquired with the coupon. All a user needs is an email address and a Bitcoin wallet address. Raimundas Asauskas, the owner of Rebiton, the service processing the coupons, suggested this is of no regulatory concern:

“While we have greatly simplified the process of acquiring Bitcoin, we strictly comply with money laundering, fraud prevention and other legal requirements regarding our operations. We also make sure there are no abuses. We perform evaluation and validation of email and IP addresses using solutions from partners providing similar services to brands such as Disney, IBM, American Airlines or Santander."

https://cointelegraph.com/news/lithuania-narvesen-stores-and-lithuanian-press-kiosks-to-sell-btc

Flights will increase to visit the country. Wink
Huh. That country is on my List. Let's see what we shall see when I get there (in the spring, probably).

I'm surprised there are actually countries, places where you like to go to.....
Anywhere not in the EU, US, Canada, anything muslim, Africa, Australia, New Zealand, Russia and China.
What is that island called  Tongue
Good fucking question. I'm pretty much limited to a handful of non-shit asian countries, eastern europe and south america. Hence my little tour of the world. Seeking a place worth living in.
legendary
Activity: 1652
Merit: 1265

Lithuania: Narvesen Stores and Lithuanian Press Kiosks to Sell BTC
[...]
Huh. That country is on my List. Let's see what we shall see when I get there (in the spring, probably).
I'm surprised there are actually countries, places where you like to go to.....
Anywhere not in the EU, US, Canada, anything muslim, Africa, Australia, New Zealand, Russia and China.

Mexico!!! Grin
legendary
Activity: 3654
Merit: 8909
https://bpip.org
Lithuania: Narvesen Stores and Lithuanian Press Kiosks to Sell BTC
[...]
Huh. That country is on my List. Let's see what we shall see when I get there (in the spring, probably).
I'm surprised there are actually countries, places where you like to go to.....
Anywhere not in the EU, US, Canada, anything muslim, Africa, Australia, New Zealand, Russia and China.

Uhm... "that country" is in the EU. Uses euro AFAIK. Schengen borders. Be careful out there.
legendary
Activity: 2380
Merit: 17063
Fully fledged Merit Cycler - Golden Feather 22-23
legendary
Activity: 1652
Merit: 1265
Lithuania: Narvesen Stores and Lithuanian Press Kiosks to Sell BTC

Quote
No Know Your Customer checks

No ID or other documents will be required to convert euros into Bitcoin acquired with the coupon. All a user needs is an email address and a Bitcoin wallet address. Raimundas Asauskas, the owner of Rebiton, the service processing the coupons, suggested this is of no regulatory concern:

“While we have greatly simplified the process of acquiring Bitcoin, we strictly comply with money laundering, fraud prevention and other legal requirements regarding our operations. We also make sure there are no abuses. We perform evaluation and validation of email and IP addresses using solutions from partners providing similar services to brands such as Disney, IBM, American Airlines or Santander."

https://cointelegraph.com/news/lithuania-narvesen-stores-and-lithuanian-press-kiosks-to-sell-btc

Flights will increase to visit the country. Wink
Huh. That country is on my List. Let's see what we shall see when I get there (in the spring, probably).

I'm surprised there are actually countries, places where you like to go to.....
Anywhere not in the EU, US, Canada, anything muslim, Africa, Australia, New Zealand, Russia and China.
What is that island called  Tongue
legendary
Activity: 2380
Merit: 17063
Fully fledged Merit Cycler - Golden Feather 22-23
^^
This is going to be bank money, or Libra. Libra can easily be a sort of shitcoin (worse than Bitcoin,. better than FIAT) backed by Bitcoin.

We have to say that when this post was written even Hal couldn't imagine the development of second Layer solutions.
Now  we don't even need banks: we can use Bitcoin as a SoV running Layer 2 solution, think of LN, for example, for quick settlement or MoE.
copper member
Activity: 2338
Merit: 4543
Join the world-leading crypto sportsbook NOW!
How long before Ibian's bank announces it's own "cryptocurrency"?



I was going through some of Hal Finney's posts recently, and was reminded of this:


Actually there is a very good reason for Bitcoin-backed banks to exist, issuing their own digital cash currency, redeemable for bitcoins. Bitcoin itself cannot scale to have every single financial transaction in the world be broadcast to everyone and included in the block chain. There needs to be a secondary level of payment systems which is lighter weight and more efficient. Likewise, the time needed for Bitcoin transactions to finalize will be impractical for medium to large value purchases.

Bitcoin backed banks will solve these problems. They can work like banks did before nationalization of currency. Different banks can have different policies, some more aggressive, some more conservative. Some would be fractional reserve while others may be 100% Bitcoin backed. Interest rates may vary. Cash from some banks may trade at a discount to that from others.

George Selgin has worked out the theory of competitive free banking in detail, and he argues that such a system would be stable, inflation resistant and self-regulating.

I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash. Most Bitcoin transactions will occur between banks, to settle net transfers. Bitcoin transactions by private individuals will be as rare as... well, as Bitcoin based purchases are today.
legendary
Activity: 2380
Merit: 17063
Fully fledged Merit Cycler - Golden Feather 22-23
Speaking of diversification:


Quote
A "crypto" charlatan will tell you to diversify, and have an ideal allocation of ~70% in Bitcoin and the rest in shitcoins.

The correct allocation for a "crypto" portfolio is 100% Bitcoin.
Quote
Diversify at your own risk #bitcoin




https://twitter.com/PsychedelicBart/status/1173974896411598851?s=20


Here, I feel I can disclose my very own portfolio allocation:



legendary
Activity: 2632
Merit: 1883
Leading Crypto Sports Betting & Casino Platform
The exit of some problems for companies:



Especially those who request loans from banks to increase capitalization or buy raw materials, some to acquire machinery. Now is a good time to capitalize.
legendary
Activity: 1652
Merit: 4393
Be a bank
^truth




ewwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwww
yuk
legendary
Activity: 2268
Merit: 1278
How long before Ibian's bank announces it's own "cryptocurrency"?


That's hilarious. Doesn't matter to us tho, it is ultimately just another expression of fiat.
legendary
Activity: 1652
Merit: 4393
Be a bank
How long before Ibian's bank announces it's own "cryptocurrency"?

legendary
Activity: 2268
Merit: 1278
Hey speaking of, the entire west is heading towards communism.

In germany a baker was faced with a 25k euro fine for having KG instead of kg on the signs in his shop. We are already living under stalinist conditions.

I'd like to hear the facts from two sources. It's not the commies IMO. It's obsessive insistence with The Rulez and the stantarts that neet to be folloft. The Germans are chronically prone to it, as are some other people, each in their own way. There must be a way for a peep to carve himself some slack. I would start to look for any specific reference to minuscule g's in the letter of the law. As for the spirit, typography apart, it's probably meant to ban unconverted pounds or ounces.
It always starts with one extreme edge case. Then that eventually gets normalized, and they go even further. Communism is a gradual process, not a single event.
I don't know if this is still about facts? However, as a German I am more than happy to explain how the executive works over here collecting pocket money (fines and fees) for the state and/or city.

We have plenty of laws (you can be sure you will violate some as soon as you leave your own property - okay, you probably violate some of them by just breathing on your own property as well). For example, there are laws for retailers how to indicate/state the price and weight of products, how to weigh the product, that scales have to be calibrated every so often, etc. Obviously we have government agencies in place to check all these rules and regulations are being followed.

Let's say that one of the friendly inspectors went into a shop and found the baker violated one of the laws. Our baker will now receive a letter informing him what he has done wrong and that he should correct his mistake within e.g. two weeks, otherwise he can be fined up to 25k EUR. This maximum amount is specified in the applicable law. After two weeks it will be checked whether the baker has fulfilled his duty or not. If not - a fine of, let's say 1k EUR, will be charged and he will receive a second letter in which he will be informed of his first fine, how to pay it and of course he will have to correct his mistake within a new deadline, if he does not... he will receive a third letter to pay 2k EUR and so on. In case the baker is... persistent, he will eventually reach the maximum fine. That's basically how citizens will be "educated" over here.

The key point is most people miss the "up to" in the first letter and panic. Wink

Mainstream media will not notice this either, they have to sell a headline.
Sooner or later the "up to" will also be the minimum. And then the laws will get even worse. Why even tolerate it to the point it is today?
sr. member
Activity: 728
Merit: 317
nothing to see here
Out of sMerit, so +1 WO sMerit for explaining the german "correction" procedures.
legendary
Activity: 1045
Merit: 1157
no degradation
Hey speaking of, the entire west is heading towards communism.

In germany a baker was faced with a 25k euro fine for having KG instead of kg on the signs in his shop. We are already living under stalinist conditions.

I'd like to hear the facts from two sources. It's not the commies IMO. It's obsessive insistence with The Rulez and the stantarts that neet to be folloft. The Germans are chronically prone to it, as are some other people, each in their own way. There must be a way for a peep to carve himself some slack. I would start to look for any specific reference to minuscule g's in the letter of the law. As for the spirit, typography apart, it's probably meant to ban unconverted pounds or ounces.
It always starts with one extreme edge case. Then that eventually gets normalized, and they go even further. Communism is a gradual process, not a single event.
I don't know if this is still about facts? However, as a German I am more than happy to explain how the executive works over here collecting pocket money (fines and fees) for the state and/or city.

We have plenty of laws (you can be sure you will violate some as soon as you leave your own property - okay, you probably violate some of them by just breathing on your own property as well). For example, there are laws for retailers how to indicate/state the price and weight of products, how to weigh the product, that scales have to be calibrated every so often, etc. Obviously we have government agencies in place to check all these rules and regulations are being followed.

Let's say that one of the friendly inspectors went into a shop and found the baker violated one of the laws. Our baker will now receive a letter informing him what he has done wrong and that he should correct his mistake within e.g. two weeks, otherwise he can be fined up to 25k EUR. This maximum amount is specified in the applicable law. After two weeks it will be checked whether the baker has fulfilled his duty or not. If not - a fine of, let's say 1k EUR, will be charged and he will receive a second letter in which he will be informed of his first fine, how to pay it and of course he will have to correct his mistake within a new deadline, if he does not... he will receive a third letter to pay 2k EUR and so on. In case the baker is... persistent, he will eventually reach the maximum fine. That's basically how citizens will be "educated" over here.

The key point is most people miss the "up to" in the first letter and panic. Wink

Mainstream media will not notice this either, they have to sell a headline.
legendary
Activity: 2268
Merit: 1278
Lithuania: Narvesen Stores and Lithuanian Press Kiosks to Sell BTC

Quote
No Know Your Customer checks

No ID or other documents will be required to convert euros into Bitcoin acquired with the coupon. All a user needs is an email address and a Bitcoin wallet address. Raimundas Asauskas, the owner of Rebiton, the service processing the coupons, suggested this is of no regulatory concern:

“While we have greatly simplified the process of acquiring Bitcoin, we strictly comply with money laundering, fraud prevention and other legal requirements regarding our operations. We also make sure there are no abuses. We perform evaluation and validation of email and IP addresses using solutions from partners providing similar services to brands such as Disney, IBM, American Airlines or Santander."

https://cointelegraph.com/news/lithuania-narvesen-stores-and-lithuanian-press-kiosks-to-sell-btc

Flights will increase to visit the country. Wink
Huh. That country is on my List. Let's see what we shall see when I get there (in the spring, probably).

I have already read that you are preparing an interesting adventure, keep us informed. Wink
The first part will just be tooting around in Thailand until spring. Beer bars, temple visits because why not, maybe pet a tiger in the tiger temple. The main part of the trip will be going by train all over the eastern european countries. Visit every country I have not yet been to pretty much.
legendary
Activity: 938
Merit: 2540
<>
Lithuania: Narvesen Stores and Lithuanian Press Kiosks to Sell BTC

Quote
No Know Your Customer checks

No ID or other documents will be required to convert euros into Bitcoin acquired with the coupon. All a user needs is an email address and a Bitcoin wallet address. Raimundas Asauskas, the owner of Rebiton, the service processing the coupons, suggested this is of no regulatory concern:

“While we have greatly simplified the process of acquiring Bitcoin, we strictly comply with money laundering, fraud prevention and other legal requirements regarding our operations. We also make sure there are no abuses. We perform evaluation and validation of email and IP addresses using solutions from partners providing similar services to brands such as Disney, IBM, American Airlines or Santander."

https://cointelegraph.com/news/lithuania-narvesen-stores-and-lithuanian-press-kiosks-to-sell-btc

Flights will increase to visit the country. Wink
Huh. That country is on my List. Let's see what we shall see when I get there (in the spring, probably).

I have already read that you are preparing an interesting adventure, keep us informed. Wink
legendary
Activity: 2268
Merit: 1278
Lithuania: Narvesen Stores and Lithuanian Press Kiosks to Sell BTC

Quote
No Know Your Customer checks

No ID or other documents will be required to convert euros into Bitcoin acquired with the coupon. All a user needs is an email address and a Bitcoin wallet address. Raimundas Asauskas, the owner of Rebiton, the service processing the coupons, suggested this is of no regulatory concern:

“While we have greatly simplified the process of acquiring Bitcoin, we strictly comply with money laundering, fraud prevention and other legal requirements regarding our operations. We also make sure there are no abuses. We perform evaluation and validation of email and IP addresses using solutions from partners providing similar services to brands such as Disney, IBM, American Airlines or Santander."

https://cointelegraph.com/news/lithuania-narvesen-stores-and-lithuanian-press-kiosks-to-sell-btc

Flights will increase to visit the country. Wink
Huh. That country is on my List. Let's see what we shall see when I get there (in the spring, probably).

I'm surprised there are actually countries, places where you like to go to.....
Anywhere not in the EU, US, Canada, anything muslim, Africa, Australia, New Zealand, Russia and China.
legendary
Activity: 2828
Merit: 1497
Join the world-leading crypto sportsbook NOW!
Damn!
Real life got me in the wrong moment!

EDIT:
I swear I saw  serveria.com message as the winner.

Yeah, but I can't prove it cheaters were quick to delete the posts...  Grin

On the bright side, you've still earned enough merit to be a Full Member. So congrats on that achievement.

Time to get yourself a hat!

Thanks for the merits guys and special thanks to filippone for restoring justice with his screenshot (merited).  Cool

As to the hat, I'd love to have it! xhomer are you around? I'd like my hat grey, dark grey or black and please be so kind and put a pic of steel balls like these here: https://images.app.goo.gl/e7VsyZC2aYhwSNzi6 or any random Duke Nukem pic  Grin  

Hmmm... looks like I have the CON!   Yeah, piece o' cake!


avatar-sized

 

Nobody jacks with our interdependence!

Hope it fits Smiley

Its altcoin season once again with eth going up pass $210.
Ohh yaaaahh! Grin
https://finance.yahoo.com/news/crypto-bear-market-won-t-194818761.html

Meanwhile for some crypto watchers out in Vegas baby where duke is from! Cheesy

read the fine print at the bottom if you can save and zoom in to the pic
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
Anyhow, I had done a decent amount of accumulating of BTC in 2014 and brought my average BTC price down from $1k to below $400, and I also made some mistakes including getting hacked through sim porting, which moved my average price per BTC up to $750-ish.  I have also lost some BTC on exchanges such as WEX (used to be BTC-E), so I consider those to be risks of the practice and probably, I should have taken more value off of that exchange while the getting was good.... but these days, I probably would consider my average cost per BTC to be somewhere above $750 but still in the three digits.

+WO merit since I'm out of the regular, thanks for sharing your story. I had a coworker that introduced me to it maybe in 2014 or so but I didn't understand the draw, at the time it seemed overly complicated for no benefit and I wasn't looking at it as an investment vehicle just as an interesting technology. Mid 2017 I got in, shortly before the big run and that made me think I'm a genius rather than just lucky and I evangelized to my family and friends. Some of my family bought in then of course at the high. They are still holding though they haven't added to their positions, whereas I've been faithfully DCA'ing ever since. My amounts and entry point mean I probably won't become personally life-changing wealthy but I'm hopeful it will accent my retirement and provide some easing through life's ups and downs for my kid. I tend to look at it as an inter generational wealth opportunity. Though I'm a confirmed hodler I have several dream benchmark levels to encourage myself...
1. mortgage payoff
2. retirement at 80% of current lifestyle level
3. retirement at 120% of current lifestyle level
4. kid's entire college tuition
5. kid's entire college tuition at a top tier school through grad school
6. retirement at 120% level before I hit actual retirement age
7. medical emergency care fund equivalent to 2x mortgage payoff
8. being able to do the same for my family
9. own first hotel on the lunar surface

I really like your customized tiering of goals that seems to recognize that you are investing in possibilities that may or may not be achieved, and actually it might not even hurt to have lower level goals too, in terms of accumulation levels, etc etc etc.

I am not asserting that you don't have lower level goals, as well, but just mentioning that for other readers here who might benefit from considering ways to create lower level goals that can also help to show them, on a personal level, that they are making progress in their preferred direction.  For the most part, wealth does not come all at once, but it comes gradually, and maybe even at some point, if you are preparing and preparing and preparing, you may end up in a position in which you actually get lucky and generate a whole hell of a lot more wealth (and more quickly) than you had expected (which is kind of what happened with me, in bitcoin).

So, yeah, I recognize also, and probably you do too, that maybe you will not achieve the differing level goals, but it is good to have them, including relatively high ones, and also to, perhaps, tweak them along the way to make higher goals and/or goals that fall between ones that you had established earlier.
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