Bitcoin

Malthusian

BananaRepublic said:

He expects the council to spend a fortune looking for a hard drive when they only have his word that it exists and provides access to millions of pounds of Buttcoin?

To be fair he doesn't. He just wants them to let him into the tip so he can look for it himself.

The council have refused, quite rightly, because he'd probably collapse the tip on himself or cause massive environmental damage which they would then have to pay for (and not with their cut of his Bitcoins, which almost certainly no longer exist for all practical purposes).

BananaRepublic

Malthusian said:

BananaRepublic said:

He expects the council to spend a fortune looking for a hard drive when they only have his word that it exists and provides access to millions of pounds of Buttcoin?

To be fair he doesn't. He just wants them to let him into the tip so he can look for it himself.

The council have refused, quite rightly, because he'd probably collapse the tip on himself or cause massive environmental damage which they would then have to pay for (and not with their cut of his Bitcoins, which almost certainly no longer exist for all practical purposes).

Fair point.

Ash_Pole

Would a hard drive that's been in a tip for 7 years even have recoverable data? I banged a new one once with my foot and fooked it.

fwor

Ash_Pole said:

Would a hard drive that's been in a tip for 7 years even have recoverable data?

I doubt that a hard drive would have made it onto the tip. I would expect that in 2013, any commercially operated tip would be running waste through an eddy current separator to lift any metal out - because metal (of any sort) is worth significant money if you can collect enough of it.

NottinghamKnight

fwor said:

Ash_Pole said:

Would a hard drive that's been in a tip for 7 years even have recoverable data?

I doubt that a hard drive would have made it onto the tip. I would expect that in 2013, any commercially operated tip would be running waste through an eddy current separator to lift any metal out - because metal (of any sort) is worth significant money if you can collect enough of it.

Very unlikely, 2013 was just about when I finished dealing with landfills but the technology on waste import was minimal, so long as you were accredited and this was presumably in a domestic bin wagon. There wasn't even a radiation detector on any site I saw (they were in recycling facilities and some local waste disposal sites with recycling for example). Records were variable but you could probably get a 100m square and an approximate level, though the latter could be 20m or more deep depending in the site, and you'd need to batter back the sides at less than 1:1, so may be looking at several hundred thousand cube of digging. You'd need to have a very efficient odour control system to stop nuisance, and gas would be a big problem for anyone operating in the area, certainly methane and carbon dioxide and probably carbon monoxide and maybe hydrogen sulphide. It would be very difficult to identify, metal detecting may help but a huge amount of low value metal will also be present, and it may have been destroyed if the compactor went over it, ie literally smashed into pieces. You may be able to do it for low millions I would guess but chances of success are pretty low. 

comment_as...

You don't need two apps. If you're just speculating then Revolut will do fine. If it interests you then do it for a small amount. You learn as you go

[Deleted User]

comment_as... said:

You don't need two apps. If you're just speculating then Revolut will do fine. If it interests you then do it for a small amount. You learn as you go

comment_as... said:

You don't need two apps. If you're just speculating then Revolut will do fine. If it interests you then do it for a small amount. You learn as you go

What kind of advice is this? Revolut doesn't do Bitcoin. Did you see withdraw option in their app? There isn't one.

You can't withdraw it - it's not Bitcoin, but some derivative living solely in their servers.

bowlhead99

[Deleted User] said:

comment_as... said:

You don't need two apps. If you're just speculating then Revolut will do fine. If it interests you then do it for a small amount. You learn as you go

What kind of advice is this? Revolut doesn't do Bitcoin. Did you see withdraw option in their app? There isn't one.

You can't withdraw it - it's not Bitcoin, but some derivative living solely in their servers.

Presumably, the kind of advice it is, is advice for someone who is just speculating with a small amount like the OP (who has never had bitcoin before) and is happy to take on-platform exposure to it through a platform that offers such exposure to speculators, rather than holding coins themselves.

Speculators could also get such exposure through spread bets at somewhere like IG.com (if able to be treated as a professional client rather than retail client, after the new FCA regulations kicked in this month) - although if you are playing with the amount of assets that could lead to spreadbets being much more tax efficient than coins which attract capital gains tax, you might be justifiably wary about the extra counterparty risk that comes from using such derivatives rather than holding the coins yourself.

LouCaher

Good time of day! You need to study the entire cryptocurrency system, including btc.

lozzy1965

LouCaher said:

Good time of day! You need to study the entire cryptocurrency system, including btc.

First post, bringing this Bitcoin thread back to the top 4 months after the last post on it, when there is already a BITCOIN post running!!!!  I'm thinking of starting a BitCoin post.  Good idea?