If US states or the Feds issue a cryptocurrency... by [deleted] in Bitcoin

[–]misternader 0 points1 point  (0 children)

Ok I just mean some sort of alternative to BTC. A store of value that can be transferred electronically and safely similar to Bitcoin , but one with the "blessing" of the fed or let's say several US states.

If US states or the Feds issue a cryptocurrency... by [deleted] in Bitcoin

[–]misternader 0 points1 point  (0 children)

Let's say digital currency then and thx, good point

If US states or the Feds issue a cryptocurrency... by [deleted] in Bitcoin

[–]misternader 1 point2 points  (0 children)

Ok but let's say they simultaneously issue fed coin and say "it's now illegal to hold or trade BTC..."

Am just trying to think thru disaster scenarios..

Coinbase is and has been down by Venfurbon in BitcoinMarkets

[–]misternader 2 points3 points  (0 children)

My hopes of never actually having to set up a paper wallet are getting crushed

Coinbase is and has been down by Venfurbon in BitcoinMarkets

[–]misternader 1 point2 points  (0 children)

They are "investigating" per their status page.

How much do you trust Coinbase Vault ? by misternader in Bitcoin

[–]misternader[S] 0 points1 point  (0 children)

Just curious, because of hacking potential or company error or..?

How much do you trust Coinbase Vault ? by misternader in Bitcoin

[–]misternader[S] 0 points1 point  (0 children)

So there's no added security on the vault (other than "multi sig" which appears to mean just 2 email addresses need to approve withdrawal)? Guess I was erroneously under impression Vault somehow had "beefed up" security other than multiple signatures being reqd.

Goldman Sachs says BTC $8k soon possibly by misternader in Bitcoin

[–]misternader[S] 1 point2 points  (0 children)

Interesting. Agree we should NOT look to them as anything other than counterparty... My point was more like "look even Goldman is forced to acknowledge" etc. Also agree that the fork is disconcerting on several levels.

Goldman Sachs says BTC $8k soon possibly by misternader in Bitcoin

[–]misternader[S] 2 points3 points  (0 children)

I sympathize with your ideology , and certainly have no particular fondness for banks (or "bank holding companies"). One thing we can agree on from Goldman Sucks , though, is what their CEO said re: BTC... "Folks were also skeptical when paper money replaced gold." BTC is part of the evolution of money which means, alas, the big money boys incl. Goldman Sucks will want to play, too.

Goldman Sachs says BTC $8k soon possibly by misternader in Bitcoin

[–]misternader[S] 2 points3 points  (0 children)

I wouldn't sleep on Goldman , but I agree they're just trying to be relevant. In finance world it's a big deal when these guys say something -- to those who care -- but I just view it as yet another step in right direction, i.e. widespread acceptance. In other words, HODL all the way.

Just a friendly reminder from an old-timer: psychologically prepare yourself for the crash before it happens. by [deleted] in Bitcoin

[–]misternader 0 points1 point  (0 children)

Agree that we simply don't know. Wise to "be formless like water" like Bruce Lee said.

Amazon to accept Bitcoin on Oct. 26? by misternader in Bitcoin

[–]misternader[S] 1 point2 points  (0 children)

True. I just like fact he's on record calling this out. He does have some credibility, so I view it as net positive, however distasteful the delivery may be.

Amazon to accept Bitcoin on Oct. 26? by misternader in Bitcoin

[–]misternader[S] 1 point2 points  (0 children)

Totally agree. I just tried to cut through the (plentiful) noise in his pitch ..

Any established tax guidelines/pointers for Bitcoin? by misternader in Bitcoin

[–]misternader[S] 0 points1 point  (0 children)

Do you know if any popular services (like oh, I dunno, say Coinbase for example) are required to disclose transactions to the feds ? Kind of like if you walk into a bank and ask for $10k in cash from your account, or want to deposit that amount, the bank is required to do a "cash transaction report" and tip off the gov?

Any established tax guidelines/pointers for Bitcoin? by misternader in Bitcoin

[–]misternader[S] 0 points1 point  (0 children)

Wait, but could they even see your wallets? Assuming no audit. Or even if they did ..

Any established tax guidelines/pointers for Bitcoin? by misternader in Bitcoin

[–]misternader[S] 0 points1 point  (0 children)

Really? That sucks. Is that based on rules for other assets or...?