Argo Blockchain Share Discussion Threads

[alm6] 14/1/2021 11:50

An analogy with gold is useful. Everybody all over the world like gold. The government can stop me trading it on for their fiat money but that doesn't stop me crossing the border to exchange it for another countries fiat money. Alternatively, I may have a wander around with some gold stashed in my coat. The government has no way of knowing whether I have gold on me or not at any one time and it is not practical to search everyone all the time in an attempt to confiscate it all. I could go up to another person in the street and offer him some gold for some food or another thing of value. He may be too scared or may report me, so I could wander to another country and do my trading there.

[hootza616] 14/1/2021 11:47

Suffers left because he was upset by me? Wow!To quote my favourite author..."The lady doth protest too much, methinks."

[aidenabettin] 14/1/2021 11:47

Try setting up a mining rig in china or Russia that is not controlled by central government.No chance.If the populations of those countries and Africa came on line the whole system would crash.As we have said many times this is just the beginning but i doubt very much that decentralisation will mean freedom from governmrnts and tax authorities.No Chance

[alm6] 14/1/2021 11:32

There is only so much you can practically do as an individual country, as the minimum you need to participate in the Bitcoin ecosystem is an internet connection. You can ban crypto exchanges from being set up in your country, and attempt to ban access to those based in other countries, but that only makes the system less liquid, not eliminate it. You can ban companies based in your country to accept it as a method of payment, but that doesn't eliminate it as a store of value. Those three countries did not act together, they were individual decisions. Also note that the majority of global mining hash rate is based in China...

[pal44] 14/1/2021 11:18

well they against Crypto because they cant control cash flow by printing on paper and hence control their own economies , But the world is changing Blockchain records all transactions and is traceable . I have read !

[aidenabettin] 14/1/2021 11:12

But countries agreed to ban cryptocurrency trading ie China Russia and India.Regulation will kick in and HMRC will start hunting. They now have far reaching powers with Brexit and UKGDPR now in place.If you think the changes so far have been dracoinian well i can assure you that you have seen nothing yet

[alm6] 14/1/2021 11:06

I'm not really defending lagarde, there is obviously large scope for ML within traditional finance system also. The EU has spent a lot of time developing AML regulations which firms have spent a lot of time and cost implementing. Whether they work for large scale, serious ML is doubtful, but they would definitely not work for Bitcoin. It's the same attitude that we've heard elsewhere, an uneasiness from the establishment that what they thought was firm ground is starting to shift. They've pulling random vectors of attack out of the air in a attempt to regain control. This is almost in principle not possible given the global distributed nature of Bitcoin and the geopolitically fragmented nature of our politics.We barely managed to get agreement of climate change obligations, they think we can get global agreeement over Bitcoin regulations? Dream on

[aidenabettin] 14/1/2021 11:06

That money laundering has to increase 10 fold to move funds from offshore to onshore.Thats the job of AIM shell companies imo

[lbond86] 14/1/2021 11:01

Download pi network from the play store and use code: omn1slash

mine pi cryptocurrency

[juuunx2] 14/1/2021 10:57

Where do they get the figure of 10.3% ? Opened and stayed there.

[mattybuoy] 14/1/2021 10:57

How is that worse than passing around bundles of used fivers?

[lbond86] 14/1/2021 10:56

Pi is a new digital currency developed by Stanford PhDs, with over 10 million members worldwide. To claim your Pi, follow this link hxxps://minepi.com/Omn1slash and use my username (Omn1slash) as your invitation code.

[alm6] 14/1/2021 10:46

It's the anonymity of wallets that would be the major concern. While the transactions themselves are completely transparent and immutable, the beneficiaries on the other ends are not.

[nico115] 14/1/2021 10:46

I actually thought her comments were bullish Bitcoin is regulated !!AND there is far more money laundering in cash /fiat currencies !!

[mattybuoy] 14/1/2021 10:46

It is also way less anonymous than conventional cash.

[mattybuoy] 14/1/2021 10:41

You might consider that Bitcoin is actually an anti money laundering technology. It is completely impossible to fiddle the books.

[yump] 14/1/2021 10:38

Yes, of course reprehensible money laundering doesn't happen anywhere at the moment does it ! The City has far too much integrity.

[horneblower] 14/1/2021 10:38

Careful, nico. You're becoming un-bannable:)

[yump] 14/1/2021 10:37

Anyway: ARB spread seems to be very tight now, I'm getting roughly same buy and sell price - certainly compared to earlier in week when it was 5-10p occsionally.

[fozzie] 14/1/2021 10:36

I see Lagarde sticking her oar into Bitcoin this morning suggesting that it needs global regulation and states it is a ‘funny business’. Also claims it is heavily involved in ‘reprehensible money laundering’ and apologises to all those hoping it would become a currency. Another basher!

[nico115] 14/1/2021 10:35

And we've had a great rship along with it Different types of investment styles No one is a lemming for taking a profit To make proper money one should hodl a bit longer but each to their own I respect all types

[nico115] 14/1/2021 10:33

We haven't lost SNF He was upset with HootzaSNF will be back ,he loves arb and this bulletin board

[nico115] 14/1/2021 10:32

I merely asked ..not suggesting it's him and don't care either way Let's move on from this convo as it's boring