RE: Mr Boris Johnson8 Mar 2021 18:15
i don't usually post much on this forum but i lurk everyday to see what's up since i have a position in PMO , i've seen a lot of new faces since the share price has gone up , and others like Rookie and Jenna that have disappeared, would love to hear from them since their analysis were always helpful
i want to comment on the crypto situation , for clarity i have a large position in crypto and i have a minning rig with 6 RTX 3090's so i know what i'm talking about
first of all Skwizz and nennyb , since most people nowdays buy from exchanges , and since most exchanges require your ID and photo of you next to your ID to verify your identity before you can buy anything, if they needed to know who holds what they just need to threaten the exchange and the exchange will snitch on you , unless you hold Monero , which is the only true anonymous coin , please don't take this as me shilling monero to you , you can still achieve anonymity with bitcoin if you buy it with cash face to face from someone locally , or if you use a Mixer
Bitcoin is NOT anonymous , if you buy from an exchange and transfer it to a private wallet they will see it and they can trace it , if you sell something to someone (illegally ) and the other person's wallet is knows (he bought from an exchange) , the police can threaten the buyer to reveal who he bought it from thus revealing who owns that private wallet (unless you have an array of wallets)
hefonthefjords , unless you use something like Nano , there is no way in hell bitcoin or ethereum (maybe ethereum if they move to POS instead of POW) could be used daily
the issue is that the fees are just too high , back in 2018 , if you wanted to transfer bitcoin from one wallet to another you will pay 0.15$ fees , which was acceptable , but now you need to pay 15 to 20$ if you want the transaction to be validated in 3 hours (fast)
i use btc on a daily basis to pay people from Venezuela for some cheap labor (mainly online work) , and i have to make sure to order in bulk to make it worth , like for example if i have a job for 15$ i can't pay 15$ for the work and 20$ for the transfer fee it doesn't make sense
imagine going to the store and buying a gum for 1$ and the cashier asks you 10$ to accept your 1$ payment , you wouldn't accept that
please forgive me for using $ since i'm obviously not from the UK ^^