super inspiring wish more people would see how they are played by the system.

When I read the title I thought this was about capitalism and making people dependent upon money. Instead this is about the fact that government issues currency and can use that to control everything it touches basically, it's a shocking eye opener.

Yes it's not even the amount of money they have it's that they define it, that's implies ultimate ownership of all of it.

He gives me hope that the revolution is unstoppable, that an exit from a corrupted society is not only possible but inevitable.

In the meantime we have LB :)

All of his lectures are great. I'd recommend the podcasts over the video, they look like a spycam.

Spot on

Use "replace by fee" in your wallet and you can set the transaction fee to as low as you want, don't go too low though otherwise no one will bother confirming your transaction.

Hi green cigar. ..yes i had same problem last night.just wanted to make a small order this time..around £20..and Bittylicious wanted £10 in charges..WTF..cant bring myself to make order now..£30
For a basicallly a sample..seems like im not the only 1..its vendors who will miss out more now..so means no weed for the weekend.but i wont be going ahead with order either way
Its a case of cutting my nose off this time..than pay that f***ing ridiculous amount..jb

If there's more transactions going on, then the fees increase (I think). So, it BC is ona run, lots of people buy and sell and network fees increase.

i was buying last night and fees were as always on coinbase

I don't send from Coinbase... It's linked to all my personal data. I use a separate wallet. This is where you'll see a hike in fees (from a seperate anonymous wallet).

same, unfortunately

Cost me over $10 in fees last night to buy something which was $14, so almost doubled the total price I had to pay

What wallet do you use, man?

Coinbase wallet. Was pretty strange considering that moments before I had done a $30 order and the fee was like $1.70

was trying to get an order in last night but the minimum fee to send any transaction was £7+ and i couldn't bring myself to pay it!
but then i started thinking what if this becomes the new norm, went to pay it and the fees had gone up to £9, so i had to buy more coin to cover the fees whilst paying fees over and over again to coinbase for buying small amounts to try and cover this network fee, this actually kept happening over the space of about 2 hours, in the end lost about £24 to fees just to order something for £96 and the £10 network fee you see at the bottom there, honestly can't even begin to explain how pissed off i am!

Mine says 19p at the moment. I use blockchain

Had a 19p transaction I made today at 10am. Still pending. Can’t knock Coinbase on this one this is sending eth from Jaxx but either way to be out of funds and 12 hours pending now is fucking bollocks

I had a lower priority transaction take a WEEK recently fml

Christ almighty...I wouldn't have minded I knew it was no relevance to the miners because of the low gas fee, but the fact I couldn't even increase the price manually is pretty shit so once paid up had no control..still a way to go until this is viable across the board. Possibly improvements with ETH 2.0 on the speeds but unless you can affect the reward to the miners you're caught really

I did set it at the lowest priority (issues with balance spending) to move it to another wallet....but a WEEK!

Shocking mate

Coinbase has all your information, right?

ID yeah but all goes through separate wallet anyway they weren’t the issue was the gas fees on eth, either way bit of a nause

Been there mate ultimately crypto will never replace fiat with these issues. Greet investment especially with recent trends on btc and eth but still too jumpy for these quick transactions. I try and keep a fiver or so buffer and always send over a couple of quid on top but still wide open and will happen again. You could easily stick a tener on top of already inflated product prices which is another factor why buyers are getting fed up

Hey Guys
Do your trading late at night , cheaper fess when it's not busy , or certain times in the day .. if you check on your wallet and have btc coin in there it will tell the fees to send , thats when you know its cheaper times ect ..

Cost me £5 to send 75 quid yesterday..

Am with coincorner shit man they charge to deposit then charge to buy btc then charge to send btc its so embarrassing sometimes when a think a have enough btc to buy then after forgetting about the fee a have to cancel lol

Hi hate Coin Corner its such a rip off. Does anyone know any cheaper options apart from checking for your local dealer instead.

I buy the bitcoin , xfer to anonymous wallet , and pay from there. Fees are normally in pence, but does depend on network traffic.

I had that yesterday. Nearly £3 to send £125 from blockchain

Crazy shit. Same as. I had to buy more BTC just to cover it!

Same here!! I had 3/4 quid in there already it wouldn't let me use it either ?? I had to top up , still got the 3/4 quid ??

This is happening to me and its driving me up the wall! How on earth are you supposed to enjoy the gains of BTC when youe wallet/blockchain wont let you spend all funds?? I usually have $10-15 stuck in my wallet and am only able to send it if i hit lowest lowest priority, then it takes a week to move to my other wallet. Not cool

This happened me with Blockchain. I made sure I had enough in my wallet to pay, but when trying to do the transactions it wouldn’t let me saying I needed more money - despite having enough for the payment + sending fees.

Topped up my balance a few quid, paid the transaction and when I checked my wallet after I had around £5 in the wallet. Really frustrating losing unnecessary money to fees!

Coinbase only seem to charge me €1.99 fee for sending and receiving BTC

Coinbase have all your personal information... don't forget that!

not only do they have your personal details, they send them out like a receipt to anyone transacting with your wallet. Found that out the hard way. Doxxed by my btc wallet lol

Not like my door going be booted in over a 50 pound bag bro lol

And what a cunt that is btw

these guys arent terrible

Today paid 19p for transaction fee.
The reward: "Pending" for 3 hours as no miner wants to go near it, now ETH has dropped since I made the transfer and can't do fuck all just watch the price I paid drop and drop while waiting for it to go through haha draining.

Cheers mate done a fiver for 50 quid tx last week

No stress, man. It all adds up over the month!

I believe that BTC price is determined by an alcoholic garden fairy, named Phil. He takes his most recent Pacman score (he plays nearly everyday) divides it by the middle two digits of a random phone book entry, then multiplies it by the number of things he can see that begin with the letter 'F'. That, to the power of 3 and dived by Pi, is the current value of BitCoin.

Haha, you write really well. Reminds me of Douglas Adams.

Kudos.

I've posted this before on here but when the Silk Road was a thing (around 2014), I bought 46 bitcoin for $9 each. Spent them all on drugs.

Didn't save any.

Apparently you live and learn but that was a hell of a pill to swallow when they went to $10,000 a piece!

Oh well. Fuckabix.

Cheers BB

Feel your pain here but. I've bought copious amounts of bitcoin at £9, £12, £18 in bigger quantities and did exactly what I intended to use them for, buying weed ha. Which was incredible at the time. No regrets, we weren't to know. It was a lot of new scarily complicated information at the time and a lot to figure out. I'd try spend mine as quick as possible as overnight they were way less or sometimes way more, this use to baffle and scare me ha

Wrong you forgot to multiply by infinity at the end.

oh that bigga

You also have the halving coming up, which will further reduce supply, unlike quantative easing from fiat currency.

Institutional investors and insiders have the biggest impact though the former are more volatile. It basically trades like a growth stock so news effecting the adoption of the currency like news on regulation has a big impact. Note this rarely has to do with adoption by users it's more about whether big funds can buy btc.

Pretty much all coins vary in value like stocks do. There is finite supply of coins based on mining, which is using processor power to solve pieces of the block chain which gets more difficult as it progresses. However no matter the amount of coins that are availible if they are not wanted then the price goes down.

Often times certain events influance the demand for the currancy. The reason it went down this time was due to a Coinbase announcement that they where not going to be allowing BCH trades for a specific period after the hard fork that happened just recently. A big BTC holder sokd off a shiload of coin which started it to drop and of course others started following suit and sold off their coin as well. There are also things like market corrections, people pulling out to invest in stock or alt coins and a bunch of other random shit. Some of which is predictable and others very much not so.

Hope that kinda sumarizes things.

Shouldn't that coinbase announcement help BTC as it's a substitute for BCH?

The cryto world is even more fickle then the actual stock market. CoinBase is one of the biggest market places / sellers of crypto so it put a lot of people on edge. Been downward a lot since then.

I noticed my wallet went down a couple days ago, the pound happened to drop at the same time, is this just purely coincidental?

Supply and demand. Not being short here but every price comes down to that.

OK what determines supply and demand?

Supply is limited by mining difficulty so it's always growing at a slower rate. Basically coins are getting harder and harder to mine.

So the bitcoin value should be increasing not decreasing?

Demand is another matter, who buys bitcoins? Besides biggaz? Speculators, "fin-tech" traders of every size and shape but they all look for one thing: a quick profit. Their dealings amongst themselves is all game theory and meme-pumping. So lots off ups and downs.

This is why the long term trend is up. The way this mob looks at things is "asset classes" and "exposure". Once the portfolio managers have permission from their elders crypto is declared an asset class. Then the managers are actually required to have exposure to it.

You could buy about 2 grams of Cali for that :-)

This guy has a shady history, check out the documentary "An open Secret"

An update interview here

Steve Bannon was his right hand man?

Always be your own right hand man

Yuk. Left hands yum

LOVE this

shows anything is possible kids

I hate BTC for specifically that reason. Proof of stake eth will win the day i feel

That does take into account the mining of the BTC aswell but I see what you mean mate pretty fucked up

Wouldn’t be a problem if governments allowed free energy technology to flourish. Also if you compared the environmental cost of gold to that of bitcoin then bitcoin would come up looking like it’s made of pure daisies.

How in the hell did that happen? Seems impossible, especially when you, if you're lucky, only take a couple of minutes to buy and send them. I always question the source when it comes to climate change.

it's the mining of them that takes all that CPU power bud

It's the nature of bitcoin that causes this. The transaction confirmations we wait for for require very complex and duplicative processing across a worldwide network of computers. Just think about the security for an open network like this to work and you can start imagine the horsepower.

Granted, but as l said, l always question the source when it comes to climate change. The people who believe in it will say anything to advance their agenda. Now, if we're talking about CERN, that's understandable. They use enough energy to power a large city for a week each time they use it. Also have to take into account the price for electricity has risen quite a bit since last year. I paid over $400 on my electric bill last summer. That's after l used to pay $200 during the same period the year before. I think that should be taken into account as well. It could, on its face, look like more power is being used when it's actually just a rise in price for said electricity. I've been around long enough to know the length people will go to to push their beliefs down everyone's collective throat. This could be one of those times.

I've seen references to btc being energy wasteful but never had an idea it was this bad, thanks for presenting this analogy.

A "cryptoquarry", I love that term.

Ethereum will win the crypto race. It has already really, just people dont quite get that yet.
And yes the seperation is important.

As a technology it's winning but with an unlimited number of coins it hasn't been much of a store of value. Bitcoin is a gold standard.

Great video on this topic posted below

Coinbase & Wirex need a mention

I'm curious about Localbitcoins and bitpanda. Anyone using these mahr fukrs?

Interesting!!

Pintagoon like to suck a Zekook fok em all.

Looks like someone's been watching Mr Robot

Just a thought but maybe corona could work wonders for bitcoin ie minimise cash transactions holding and touching card readers etc

The stock market is pretty knackered and propped up with all kinds of funny money... that certainly makes bitcoin more appealing as a risky investment! You can’t replace the card networks with bitcoin though due to the massive volumes involved, hence all this talk of ‘second layer’ solutions

nice idea you money launderer you

We got wrecked lol. Long term still very bullish and are hodling for dear life.

ugh bought btc on localcryptos yesterday via paypal. Paypal put a freeze on my funds for 24 hours after I sent it. In 24 hours the btc I bought basically plummeted in value and now I have to buy a quarter instead of a half :(

Done it twice in a two weeks man...feel your pain...coinbase froze me yesterday too...

ugh coinbase is the worst. even a bitcoin atm is better than coinbase.

Lost about £40 this morning, bummer!
I knew I should have made an order last night.

Just new funds in when you make a purchase, that what you have sitting there will go back up after the covid-19 pandemic

Me too man. Lost about £160 in 2 weeks where I have been trying to decide what to buy!! Been going to bed thinking ‘I’ll sleep on it and do a buy tomorrow’, wake up and boom, fucking buy money half gone... been a proper shit couple of weeks... fucking stock market has got near on a oz of my weed money... ha fuckers...

I decided to sell a 50g block of 24k gold, made an awesome profit from when I bought in 2012, (bought a few in mind of another global meltdown or apocalypse haha) then reinvested a little back in bitcoin about £800 worth and that’s died now. It will come back around though, if only I held off for a week.

Keep that bitcoin for the future when it rises and buy bitcoin now for purchase. That way what you pay now won’t be over the odds and when the market bounces back after coronavirus dies you should be sweet, maybe better off

Only buy coin when you purchase

buy £40 worth of bitcoin now and sometime soon it will double......mayybe

Well I have a theory like yours I’ll mention above

Yep used it a few times and all good. Bit expensive though.

Yeah ive used paybis numerous times, you do usually get ur money within the 15 - 20 minute time frame

They are pretty good across the board. Live help hand holding and good rates. KYC is about the same as the big exchanges but pretty fast. Operationally this is a shop with its act together.

$ in the top 3 of most stable currency in the world so the price won't change as much as the £,€ and BTC. I think it might be number 1 just beating the Swiss franc.

I think it is because the btc price is constantly changing

Black cherry punch will help you sleep its really strong

Iv never used it but it's legit

Bitcoin is a platform for money - like an open network for accounting software vaguely.

Ethereum is a platform for more complex contracts between computers - like an open network for business law. The ETH coin is a subset of all this.

Just to expand on "social accounting" its basically a bunch of computers agreeing that a coin moved from one to another, with all the records being opened and "confirmed", thats why you wait for confirmations after you send coins.

The motivation behind them is hugely different. bitcoins were created by libertarian types, looking to create a free world on the internet.

Ethereum was more about technical perfection for such an effort. It's not only a coin but a language for commerce between machines.

Allrite welcome sometimes it means you may have slightly underpaid, or not paid for postage (if applicable) the provider you’re using for bitcoin they usually charge a fee for the transaction also on coinbase which I use it will say that till the payment has properly gone through, check to see if the funds have been sent via your bitcoin provider, double check the amount if all seems well, contact vendor ask them how much they have received.
Cheers