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Drone_Fragger posted:Coinbase, probably. In that it says it's fdic approved but when you check the us governments fdic finder it isn't on there. Probably something to do with them not complying with any of the requirements and refusing the us government access to audit them, lol. they don't comply with the requirements for FDIC insurance because they are not a bank, so why would they? they refuse to let the IRS audit their customer's accounts, which is different than "refusing the us government access to audit them [coinbase]"
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Nov 13, 2017 14:25
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gary oldmans diary posted:i choose to amuse myself when arguing with someone who is confused about the english language beyond a 4th grade level
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Nov 13, 2017 14:26
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scott zoloft posted:try a hobby like trading bitcoin.
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Nov 13, 2017 14:28
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Uranium 235 posted:says guy who concedes i'm using the technically correct definition of trader but insists i'm still not a trader despite the fact that i trade  a bitcoin enthusiast willfully ignoring information that makes him look like an idiot? i dont believe it
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Nov 13, 2017 14:32
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Uranium 235 posted:they keep customer fiat funds in custodial bank accounts which are FDIC insured that dont mean they are fdic approved tho?
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Nov 13, 2017 15:25
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traders lose a lot of money every day, I lose a lot of money, I'm a trader
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Nov 13, 2017 15:31
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what is a bitcoin
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Nov 13, 2017 15:33
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somebody help
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Nov 13, 2017 15:33
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Old Story posted:what is a bitcoin it's those things on the side of bjork's head with that weird hairdo she used to have
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Nov 13, 2017 15:36
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Old Story posted:what is a bitcoin World of warcraft gold
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Nov 13, 2017 15:55
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Old Story posted:what is a bitcoin a miserable pile of scams
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Nov 13, 2017 16:08
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Old Story posted:what is a bitcoin paypal for drugs
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Nov 13, 2017 16:13
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gary oldmans diary posted:its fun that you think youre a trader and yet that is a profession of which you are not one. "i trade therefor i am a trader durrrrrrrr" so he's basically a software "engineer'"
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Nov 13, 2017 16:19
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" and the person kneeling over the body notices the stream of feces running down your pant leg and adds "but i mean a real doctor." you reply "well you should have specified that in the first place it would have saved us a lot of time! im obviously not that kind of doctor". then your handler gently pulls you away and walks you toward the mens room
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thank you all
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Nov 13, 2017 16:23
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Goa Tse-tung posted:that dont mean they are fdic approved tho?
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Nov 13, 2017 16:25
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temple posted:traders lose a lot of money every day, I lose a lot of money, I'm a trader
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Nov 13, 2017 16:25
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Old Story posted:what is a bitcoin
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Nov 13, 2017 16:29
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Why does Coinbase comply with the feds then in terms of giving up customer information when asked for it? What is there to gain from it? Why do they bother going through KYC laws if at the end of the day they aren’t insured? Just curious really.
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Nov 13, 2017 17:34
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Uranium 235 posted:i'm not losing money though but you won't put more than 2% of your portfolio in. seems like you don't have enough faith in yourself, go whole hog Shampy posted:Why does Coinbase comply with the feds then in terms of giving up customer information when asked for it? What is there to gain from it? Why do they bother going through KYC laws if at the end of the day they aren’t insured? Just curious really. because they don't want any more scrutiny put on their operation than necessary, so they will "self regulate" so laws don't actually get put in place and gently caress their poo poo up.
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Nov 13, 2017 17:47
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Inept posted:but you won't put more than 2% of your portfolio in. seems like you don't have enough faith in yourself, go whole hog
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Nov 13, 2017 18:08
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Shampy posted:Why does Coinbase comply with the feds then in terms of giving up customer information when asked for it? What is there to gain from it? Why do they bother going through KYC laws if at the end of the day they aren’t insured? Just curious really. banks aren't the only businesses legally obligated to comply with KYC and AML laws
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Nov 13, 2017 18:14
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being a professional crypto trader requires unwavering confidence in the stability of whatever you're trading. i know this firsthand.
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Nov 13, 2017 18:14
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It's harder when the alt-shills learn better english.
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Nov 13, 2017 18:19
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Tbh you don't call yourself a carpenter unless you are doing it in a professional capacity.
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Nov 13, 2017 18:37
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Yeah it sounds really weird to me to think about someone who does amateur work on their house calling themselves a carpenter
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Nov 13, 2017 18:40
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Rufio posted:Tbh you don't call yourself a carpenter unless you are doing it in a professional capacity. Plenty of amateurs are fishermen though, how do you explain that
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Nov 13, 2017 18:42
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hes made it clear hes not changing his mind on the subject. when he talks about bitcoin youre hearing the qualified opinions with the weight of a real... trader. of
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Nov 13, 2017 18:44
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I don't think Jesus ever joined the union either
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Nov 13, 2017 18:45
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Yeah that's a situation where they will call themselves a commercial Fisherman if a professional.
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Nov 13, 2017 18:45
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gary oldmans diary posted:hes made it clear hes not changing his mind on the subject. when he talks about bitcoin youre hearing the qualified opinions with the weight of a real... trader. of
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Nov 13, 2017 18:45
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Probably has to do with how many amateurs there are of something, how likely you are to know an amateur and talk about it in casual conversation, etc. I'm pretty sure whether something like "carpenter", "blogger", etc implies a professional status is different from word to word and probably also from person to person so I don't think either person in this dumb argument is actually being that ridiculous Because like uranium said, no one hears "Yeah I'm a runner" and thinks that person is a pro, but "carpenter" sounds professional. Honestly, if someone said "I'm a fisherman", that sounds professional to me too! I would expect them to say "I like to fish" if they were an amateur. But again I think it can vary person to person, how you interpret it.
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Nov 13, 2017 18:48
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I'm a shitposter, paid for by George Soros
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Nov 13, 2017 18:49
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Rufio posted:Tbh you don't call yourself a carpenter unless you are doing it in a professional capacity. anyway i think it's strange to think that someone who talks about day trading crypto is saying that he's a professional trader.
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Nov 13, 2017 18:51
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Stefan Prodan posted:Yeah it sounds really weird to me to think about someone who does amateur work on their house calling themselves a carpenter I call then grover
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Nov 13, 2017 18:52
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exploded mummy posted:I call then grover lol
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Nov 13, 2017 18:53
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Stefan Prodan posted:Probably has to do with how many amateurs there are of something, how likely you are to know an amateur and talk about it in casual conversation, etc. the reason i identified myself as a day trader was to distinguish my behavior from someone who buys crypto and holds it long-term with the expectation that the price will continue going up over an extended period of time. the term is useful in that context gary oldmans diary seems to think i have it listed on my linkedin and business cards
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Nov 13, 2017 18:54
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invest in my new coin. shitcoin rear end
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Nov 13, 2017 18:56
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how come noones made rear end pennies yet
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Nov 13, 2017 18:58
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jimmyjams posted:invest in my new coin. shitcoin rear end
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Nov 13, 2017 18:59
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quote:An index from cryptocurrency analyst Alex de Vries, aka Digiconomist, estimates that with prices the way they are now, it would be profitable for Bitcoin miners to burn through over 24 terawatt-hours of electricity annually as they compete to solve increasingly difficult cryptographic puzzles to "mine" more Bitcoins. That's about as much as Nigeria, a country of 186 million people, uses in a year. quote:Bitcoin has two contradictory goals. On the one hand it needs everyone to have the same information. The network couldn't work if I think I have 10 coins and you think I have 5. The way this classically works is you just have an authority keep track of it, the bank. You can simply ask the bank how much money you or anyone else has in the account. quote:That 215 kWh per transaction number is out of date, since the power consumption is growing so rapidly. Last I saw, late this week, it was over 250 kWh per transaction. This is a ridiculous amount of electricity to consume per transaction. Sure, bitcoin is an interesting experiment, but the power consumption problem needs to get fixed. At some rough cost of $0.10 per kWh, that's creating a cost of $25 per transaction. Insane.
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Nov 13, 2017 19:01
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