the new york times economist put it frankly: the dollar is backed with men with guns.

To people who hold a lot of power, the optimal way to "play the game," is to say the thing that gets you what you want - not necessarily the truth. This might explain more than half of global politics.

hows that working out? whats the symbol?

shouldn't be a surprise, they are a centralised currency that actually cancels coins by government (you guessed it..) fiat

simpler to just use btc to buy the crack

💯

i think the bitpay wallet works for this

nope its the other way around unfortunately :(

bisq

non-kyc exchanges like moonpay or banxa work but it's not 'totally private' and essentially can't be

you can exchange gift c4rds for crypto on some sites but fees are terrible

I went through all this for a year or so a d without ID prices are way higher and always limited to how much u can purchase, easier to just use your ID and send any bitcoin you do purchase to your own crypto wallet, no problem

Yes, you can send fiat cash for crypto at https://hodlhodl.com/?filters%5Bcurrency_code%5D=GBP

I had similar followed by a message saying they are closing my account and won't tell me why. You can withdraw your funds. My current solution is buying to Kraken, transferring to Exodus then out to LB.

They've blocked my account so no chance of accessing my money yet, "Your account is currently being reviewed and we need some time to verify your info. During this review, you won't be able to use Coinbase. Reviews generally take a few days, so sign in every day or two to check your status."
It's been over a week now and no change, all I need is for them to release the funds and it's going straight into my newly created Exodus wallet.

Bastards, how much do you have in there? I was.licly and o lying had about £75 I think.

Just under £300 at current values, not huge but enough to want it back so I can spend it on here.

Have you been sending from coinbase directly to transaxe?

Yeah, I've been meaning to set up a wallet and send to that for a while but haven't got around to it. Seems as if I may need an alternative way to buy bitcoin if they close my account. Just concerned about the money in there, it's not a huge amount but would rather not lose it.

Bitpanda is a good option cheaper than coinbase for the same services they don’t seem to be nosey cunts wanting to know what I’m paying for

Cheers, sounds ideal. Will have a look later.

Bittylicious is quite popular you could try that, i've always used coinbase pretty much.
I'm sure your funds will be ok.

I hope so, many thanks for the help and advice.

yes but with any mixer you are buying time until the next de-mixer.

well put biggz

CHAINLYSIS HAS SAID THEY CAN TRACK TRANSACTION THROUGH LIGHTNING NOW BUT TBH IT DEPENDS ON YOUR THREAT MODEL. IF YOU'RE DOING A FEW 100 QUID OR K SHOULD BE FINE. 5 FIGURES AND UP I WOULD DO THE BELOW

BEST WAY TO MIX IS BTC TO XMR THEN BACK TO BTC

Depends what you're drinking.

I think what will die out is smaller sellers like myself who consistently lose money because its tied up in Transaxe (escrow) for way longer than it needs to be.

Why can't funds be linked to reviews? As soon as a customer had left a review there could be a box which says "are you happy with your purchase and for your funds to be released to the vendor? - yes - no". If yes the funds are released and if no it takes you to a dispute page. So simple and would solve so many issues but as with every other sensible idea on here, like introducing another more stable Crypto option, it will never happen.

To be honest if I'm consistently losing 15-20% when BTC falls on its arse during the 16 days its stuck in escrow, plus the 10-15% seller fees on top of that, selling on LB is becoming less and less viable by the day.

There has to be a better way to run this site than have it rely on something so volatile. But I won't hold my breath.

Cheers BB

Agreed, a release on funds would be handy for small timers like myself & even the big boys as we are all losing out during the 16 day hold with the btc price being so volatile, it can work in your favour I guess but I’m with you on this one.

SCOOBIES

Might just be my luck but I can't even remember the last time it actually worked in my favour!

Hopefully it'll at least stabilise at some point. 🤞

Cheers BB 🍻

Fully agreed on BB on the review payment system that's a great idea as every vendor big or small is at risk with a 16 day payout.

The markets are going to keep on crashing until they can get inflation under control which won't be any time soon. I stated this back in December and was attacked for my forward-thinking at the time.

Surely being a grower you are taking less risk in your initial financial outlay than say a retail seller?

A grower surely is in the best position to take advantage of this current climate?

Hope you are good as always GT

You're probably right that i'm less financially exposed than many "middle men" (for want of a better phrase) but the point is more about 'where' i sell rather than 'if' i sell.

If i have someone in London who offers (just as an example) £140 per zip for the entire crop for cash. A year ago i'd say no, these days those offers are far more tempting. Less hassle, less effort and less overheads.

It just means people like myself might look elsewhere to sell rather than risk a slightly higher profit margin that can dissapear overnight due to BTC's volatility.

I guess i should count myself lucky as i can ride it out, but i have a feeling others might not be in such an advantageous situation and the whole 16 day escrow thing is absolutely crippling their businesses.

Like i say fingers crossed it'll stabilise.

All the best buddy.

Cheers. BB

yeah i used a big seller on a dn market that insisted on a review and early finalization to ship. once he had volume he did a runner on all of us.

Couldn’t you guys use USDT or one of the other stable coins?

Bitcoin works better as a digital currency when its lower in value rather than being inflated as a speculative digital commodity. It'll probably bounce back like it has before but when I joined LB it was around £6k and it would be great if it could get back to those levels or lower. (should say I obviously don't want to see any biggas losing money and wish you all the best).

Agree 100% with BB that the funds should be available to the seller after being reviewed too, maybe say 24 or 48 hours after the review is left (assuming not in dispute) that way the buyer still has a bit of extra protection but the seller doesn't have to wait 16 days. Escrows do normally work both ways like that.

Looks like it will for a while looks like it's doing its 4 year cycle

So what’s the advice if you have funds tied up in BTC. Leave as is or sell?……

I’d personally HODL!😃

Buy more

Hold and buy more every time it drops to bring your cost average down.

Only put in what you can tie up say for the next 2 years or so.

Always think long-term look at the internet in the mid 90's people were saying then if it would work and look at it now. It takes 20 years or so for things to go mainstream we are 14 years in on BTC.

And the tech bubble bursting in 99 was a sifting process where the weak fell by the wayside (tech companies that went bust) and then the likes of Google survived.

If only in hindsight and all that.

Keep the faith

GT

Too late now mate hang on to them, might be a while now though even years before it goes back up. It could be an opportunity to buy a bitcoin.

Live by the tech traders die by the tech traders. That's technology finance and there's always another wave.

Is bitcoin halving soon? I know nothing of this really but how will this affect the price?

2024 and that's when the next bullrun should start, however there are investing companies trying to get an approval from SEC to have a spot bitcoin ETF available for sometime and they have to give in eventually. This should make the price pump. But end of the day who knows all I'm doing is holding my bags and buying some more when possible.

What's the point of having an ETF which tracks the price of Bitcoin? Why not directly buying BTC?

The point is it’s another financial instrument to play to the lemmings so even more walk off the cliff of financial ruin

Makes sense

Degens like jpegs on shitcoins what can I say

Anyone have an ordinal to suggest?

btc is legitimized by people and their committed time and capital. the ecb is legitimized by a heavily armed gang that claims power over people at birth.

both sides have advantages but no i wouldnt worry about it.

i would. i DO. but hey, maybe we'll wise up as a species and stop pretending these dudes don't want to control literally every aspect of human going's on and work tirelessly behind the scenes to make that dystopian dream of theirs a reality.

I admire the hope that they will let us use btc freely xD

Got to admire the sheer audacity.

‘Crypto is almost never used for legal transactions […since we instructed your bank to prevent you using it…] ‘

‘cannot be used productively (like commodities) or provide social benefits (like gold).’

They’re barely pretending any more.

more like a digital oxymoron.

oh my god, he's even faker than bojo. sure, along side cash, i believe him. (if only there were a way to sound sarcastic via the written word)

/s

thank you, much useful. i am in the wrong century and don't know the modern language.

basically any crypto that cant support smart contracts is dead - or bitcoin.

It’s considered the most safest cryptocurrency. It costs a lot of money to trace the transactions

lb should be a dao!

The future keeps looking more and more interesting

Check out ethereans os, no marketing just pure innovation. This is the only project where you can vote on chain.. meaning that this is true decentralisation. It will also function as an on chain GitHub which is insane for those who get why.. oh and the token is programmable .. this is the same token you use to vote on proposals

interesting but this link does not work
https://ethereansos.eth.link/

Pied Piper made real.

fuck hooli!

I'm always wary of hyper funded startups that operate like academics but this is very compelling.

You could short the market with a portfolio of nft's but otherwise I can't see how. NFTs are unique, so selling something you don't own is difficult.

most nfts are just artificial scarcity on an unprecedented scale.

unprecedented since bitcoin ;)

bitcoin's scarcity is a mathematical function and existential to the currency. unlimited bitcoins and we all have nothing.

unlimited potential reproductions of a media file and you have a resource that is more beneficial to everyone .

yes, many coins/tokens are representative of the nft market at large especially those of exchanges and tool providers of nfts.

I have 20 you can short, hit me up xD

its a "layer 2" protocol on top of ethereum. it avoid the time and expense of using ethereum directly.

of course it has a coin as well, they did an ico but are one of the few legits from that generation.

A Holy Grail NFT would crush it

no wonder he is into nfts, his ex wives are milking him properly lolz

assuming you are buying the main thing to know is have a receiving address in hand before you start. this can be your order address or a wallet you control.