Argo Blockchain Share Discussion Threads

[alm6] 14/1/2021 12:28

The most viable means of control is probably ownership I.e. governments buying up large portions of Bitcoin and keeping it in cold storage. May already be happening...

[mattybuoy] 14/1/2021 12:27

Re. the Argo blog about China, and moving more BTC mining to N.A. This is a no-brainer really. Currently it is just surplus hydro which is in focus, but looking forward there is massive stranded energy on the continent i.e. nat gas, wind and solar, for which crypto mining might be just the ticket.

The main thing that needs to happen is to establish a local ASIC manufacturing capability.

[mnomis] 14/1/2021 12:21

PPS - full disclosure - the small tranche of ARB I bought back at 91p I sold at 112p today (was simply a short-term trade based on what I considered an over-reaction). I still hold a good position, but wish I had been less of a "lemming" selling at 15p to go "free ride".

[aidenabettin] 14/1/2021 12:21

China- Singapore-London

[mnomis] 14/1/2021 12:19

Yip - not sure the FCA's latest clampdown / warnings would help to establish London as a trading centre. Interesting comments on China - I have Aiden filtered (as go to Zerohedge comments for my conspiracy theory fix). What is interesting was reading about the Chinese use of Tether to buy BTC OCT - was looking into Tether as a bit of an interesting topic at the moment, but found the Chinese angle re-assuring (i.e. a genuine use case).

Talking about comments - I strongly recommend checking out hxxps://stocktwits.com/symbol/ARBKF - massive amount of ramping aside, this board is great for entertainment value!

GLA - and looking forward to £1.50 (mainly because I still have a lot riding on this, but also, to welcome back our friend Suffers).

[aidenabettin] 14/1/2021 12:10

We are working hand in hand with the chinese.We give them resource assets and they pump investment into london.All working together

[aidenabettin] 14/1/2021 12:08

And where do you think all the research has taken place?.In the universities.UK money making machine

[aidenabettin] 14/1/2021 12:07

But its true.Puritans believe in decentralisation .Good luck with that

[mattybuoy] 14/1/2021 12:05

HMG has precisely no clue about anything technological. I wouldn't hold your breath for that scenario.

[hootza616] 14/1/2021 12:04

There is also the distinct possibility that in this post Brexit era the uk government starts embracing the idea of digital currency and accepts the value of BTC for what it is.After all there's a lot of money to be made if London becomes a world trading hub for crypto and other blockchain managed virtual items of value.Not really convinced they understand it yet tho and AIM is more likely to fleece traders than crypto.

[alm6] 14/1/2021 11:56

Your conspiracy theory stuff gets really dull.

[telbap] 14/1/2021 11:55

Aiden......you really have no clue about China do you? I have worked with Chienese companies for over 20 years, they have millions of ways round the central and state government controls, they are no longer backwards hicks they are very savvy investors and Uber advanced coders. Go spend some time actually reading up on the place before you post nonsense and make yourself look foolish.

[mnomis] 14/1/2021 11:54

Hey Matty - thanks for sharing. Just edit "cange" to "change" in link to work. Thanks

[mattybuoy] 14/1/2021 11:51

Funny you should mention China.

Argo have recently blogged about this ...

[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?