News: NiceHash pay out, smart contracts, Australian banks, Coinbase vs Ripple, Meltdown vs cryptos, Dungeon World
“Unfortunately the horrible Charlie Brooker future we’re living in is Nathan Barley not Black Mirror.”
Tag: coinbase
Why you can’t cash out pt 2: Bitcoin and Know Your Customer/Anti-Money Laundering laws (KYC/AML)
KYC/AML regulations are an endless source of woe for the Bitcoin trader. Why don’t banks want to go near Bitcoin? It’s not fear of competition.
Why you can’t cash out pt 1: Why Bitcoin’s ‘price’ is largely fictional
Public discussion and media coverage of Bitcoin assumes certain things about Bitcoin:
• Bitcoin has a price, that you could expect to buy or sell it around.
• Bitcoin is like buying a share in a company, or a commodity like gold — the market works the same way.
• Bitcoin is liquid — you can easily convert your money to Bitcoin, and your Bitcoin to money.
None of these are true.
News: Coinbase, Bittrex breach, NiceHash, Zero Hedge, CEBMa interview with me, not a Ponzi, Lightning Network
Sure has been a busy couple of days, and I don’t just mean the Bitcoin price peak.
News: Coinbase payout trouble, CFTC vs CME and CBOE Bitcoin futures, Bitfinex and Bitfinexed
Plus book news. There should be a cheap deal on Kindle India this month, but I can’t find it …