# Why didnt u sell on top? šŸ“‰ **URL:** \ **Category:** Out Of Pod Experience\ **Created:** [January 15, 2021, 6:40pm UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275 "2021-01-15T18:40:32Z")\ **Posts on this page:** 20\ **Page:** 60
**Author:** ![Iceacid\_Frostpacker](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/iceacid_frostpacker/32/505689_2.png) [@Iceacid\_Frostpacker](https://forums.eveonline.com/u/Iceacid_Frostpacker)\ **Post date:** [July 12, 2021, 3:42am UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1447 "2021-07-12T03:42:49Z")
I recall being asked while speaking with my bank over the phone, the person asked about all the small transactions relating to my monthly spending habits. I remember replying with Oh I multibox. anyhow thought that was weird for them to even care to ask. / @ [Nana Skalski](https://forums.eveonline.com/u/Nana_Skalski) re comment from [20d] I read on reddit that UK are blocking Binance. Could that have something to do with what you had shown? / When mentioning about being both faster than efficient, that was in reference to sending a dollar bill via snail mail, Google search states Visa by a mile. =) Maybe paypal is still the best way of sending and receiving? ---
**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\ **Post date:** [July 12, 2021, 7:15am UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1448 "2021-07-12T07:15:36Z")
> [@Iceacid\_Frostpacker](#): > > When mentioning about being both faster than efficient, that was in reference to sending a dollar bill via snail mail, Google search states Visa by a mile. =) > > Maybe paypal is still the best way of sending and receiving? Well Paypal is just another centralized, proprietary and closed system. They are convenient to use, but they are also never under your control. If you havenā€™t yet, dig a bit into what the Bitcoin Lightning Network is. Itā€™s what Jack Maller in the video I linked above uses to build his app, that works similar to Paypal, but instead of having their own centralized, closed and proprietary network, they just plug into the Bitcoin Lightning Network. So does El Salvadorā€™s solution for their citizens and many many other payment apps, all using the same standards to be interoperable with each other over a free and open source payment network that utilizes Bitcoin. ---
**Author:** ![Nana\_Skalski](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/nana_skalski/32/489985_2.png) [@Nana\_Skalski](https://forums.eveonline.com/u/Nana_Skalski)\ **Post date:** [July 12, 2021, 7:34am UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1449 "2021-07-12T07:34:14Z")
> [@Iceacid\_Frostpacker](#): > > I read on reddit that UK are blocking Binance. Could that have something to do with what you had shown? The reason is: funds are not safu. ---
**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\ **Post date:** [July 12, 2021, 9:55am UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1451 "2021-07-12T09:55:56Z")
> [@Lucas\_Kell](#): > > You like that because you yourself want to be able to break the law without being traceable. I like it because it takes away the power from the criminals you are supporting > [@Lucas\_Kell](#): > > I tell you what, why donā€™t you move to El Salvador, that way the rest of us can keep our democracies and you can live in the crime riddled, corrupt dictatorship that you seem to support. El Salvador seems to be a fine democracy that has a lot of change coming to abolish the rampant criminals there, and Bitcoin is a big part of that solution. Not surprised the fascists donā€™t like that and try to frame it in a different light. However, someone has to fight the good fight back here and help abolish the corrupt freedom hating, privacy disrespecting fascists that try to create the perfect police state. Request denied. > [@Lucas\_Kell](#): > > That is indeed an argument youā€™ll see terrorists make. Thatā€™s exactly how a fascist would frame it > [@Lucas\_Kell](#): > > Iā€™ll honestly never understand how people who seem quite capable of thinking can get to the point where they are as heavily radicalised as you appear to be. I donā€™t see opposing fascists pushing for total surveillance and educating people about how they can regain their financial sovereignty and privacy as radical. This must be some issue on your end. > [@Lucas\_Kell](#): > > Itā€™s another network ā€¦ bla bla blubā€¦ Seriously, why do you even open your mouth about stuff you donā€™t understand? Reading that drivel I donā€™t even know where to start correcting you as there isnā€™t a single sentence that has any foundation in reality. I also know it will be pretty pointless to address them as you will not understand the answer anyway or just make some new stuff up. Maybe you should just stick to the topics you know something about and go back to copying code together from stack overflow or what else you do for a living. > [@Lucas\_Kell](#): > > Amusingly the network in El Salvador is a private, centralised lightning network. El Salvador plugs in to the already existing global and open Lightning Network. People there can use any wallet they want, they can even create their own solution, itā€™s an open protocol with multiple existing free software implementations. This desperate and obvious lies really show how the confidence in a bright future for your criminal friends crumbles. Only a matter of time until people realize how they got robbed by this leeches all this years and go after them and their associates. ---
**Author:** ![Nana\_Skalski](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/nana_skalski/32/489985_2.png) [@Nana\_Skalski](https://forums.eveonline.com/u/Nana_Skalski)\ **Post date:** [July 12, 2021, 10:37am UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1452 "2021-07-12T10:37:23Z")
> [@Karak\_Terrel](#): > > Only a matter of time until people realize how they got robbed by this leeches all this years and go after them and their associates. Thats why everyone should keep away from cryptoexchanges. Not being involved means that you will not have to even be angry. ---
**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\ **Post date:** [July 12, 2021, 11:48am UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1454 "2021-07-12T11:48:19Z")
> [@Lucas\_Kell](#): > > Except they arenā€™t criminals. Like terrorists do, youā€™re just lobbing accusaions at a group you dislike and using that as justification for supporting attacks on our society. Almost every single bank in business and most of the top bankers in business and politics are in one form or another actually convicted criminals. This isnā€™t about ā€œdislikeā€, this is about removing power from those criminals. > [@Lucas\_Kell](#): > > The only reason you like it is that the dictator in charge likes bitcoin. He is a democratically elected president of a country that seeks to attract investors by catapulting their financial system into the future far ahead of any other country. Obviously you donā€™t like him, as he is in the process of getting out of the grip of your fascist friends that try to control those countries. They get back their freedom and financial sovereignty. > [@Lucas\_Kell](#): > > And like most terrorists, youā€™ll fail. You are outright calling me a terrorist now? That magic internet money that doesnā€™t work according to you is threatening you that hard? > [@Lucas\_Kell](#): > > Because theyā€™re not fascists even by the most generous stretching of the term. Oh but they are not only that. They are in fact almost all of them actually convicted criminals who can conveniently pay the fines they get with the money they print. > [@Lucas\_Kell](#): > > Anyone that disagrees with you just doesnā€™t understand. Actually no, it is in fact your lack of understanding I object with. > [@Lucas\_Kell](#): > > I understand it fully, clearly far more than you do. You have demonstrated quite the opposite so far. Who do you think you are fooling with this? Only yourself probably > [@Lucas\_Kell](#): > > Not really though. Their network certainly has ways of interacting with other lightning networks, but itā€™s still a private network, no different from paying back and forth in paypal then extracting or depositing cash. Seriously, why do you keep talking about stuff you donā€™t understand? Itā€™s not independent networks, itā€™s one global mesh of nodes that can exchange Bitcoin with each other no matter the location. Paypal is a single company with a proprietary network, meanwhile the Lightning Network is a free and open source network any number of organizations, companies and countries can participate without even asking for permission. This is like the difference between AOLā€™s proprietary network vs. the Internet. Most people today donā€™t even know that was once a thing, the same will happen to paypalā€™s own network, they will either adapt the Bitcoin standard or go out of business. > [@Lucas\_Kell](#): > > Open protocols are irrelevant if private companies create ringfenced networks based on them. Itā€™s still a private network controlled and monitored by a private company and by not using it you lose out on many of the benefits Bukele is pushing out to drive adoption. Wrong again. All the government offers is a custodial solution to easily onboard citizens to the Lightning Network. Every citizen is free to use any of the countless other means to participate in the Lightning Network and choosing their own level of self-custody they are comfortable with. > [@Lucas\_Kell](#): > > All Iā€™ve stated is facts, and Iā€™m not worried in the slightest about the existing financial systems being disrupted. Your repeated accusations of terrorism and tireless efforts to spread lies about every facet of this, paint quite the different picture. > [@Lucas\_Kell](#): > > Anyone with any tech knowledge is well aware that blockchain technology is useless for any practical purpose and regulatory controls are already coming down on crypto from a legal standpoint. So itā€™s useless and lacks any practical purpose? That sounds really like something that needs a lot of regulation to be kept in check. I do hope you sometimes get at least a glimpse yourself about how ridiculous your inconsistent drivel is šŸ˜‚ > [@Lucas\_Kell](#): > > My view was previously that the next bull market was likely to be the last, but weā€™re seeing a much faster paced movement against crypto than I expected, so the last bull run might have been the final one. HFSP. I agree that this was probably the last bull run, but for completely different reasons than you. I look forward to go back to this thread in a couple of years and laugh about your hilarious drivel that has at point become apparent to everyone. Hello me from the future šŸ‘‹ you look good for your age man. ---
**Author:** ![Nana\_Skalski](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/nana_skalski/32/489985_2.png) [@Nana\_Skalski](https://forums.eveonline.com/u/Nana_Skalski)\ **Post date:** [July 12, 2021, 3:58pm UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1456 "2021-07-12T15:58:20Z")
> [@Lucas\_Kell](#): > > people are being baited into throwing cash at it believing they can get rich off of it. And at the same time baiters showing themselves in the most positive light, so people believe it. While there is no regulation and they can do what they wish. Just trust them, lol. ---
**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\ **Post date:** [July 12, 2021, 6:14pm UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1457 "2021-07-12T18:14:46Z")
> [@Lucas\_Kell](#): > > This is simply not true though. Itā€™s entirely about ā€œdislikeā€ which is why you have no fact-based positions youā€™re just broadly declaring that they are mostly convicted criminals when thatā€™s clearly not true. Why are you lying about this when it is easy to check? The worlds leading banks are almost all convicted of countless crimes about money laundering, tax evasion, fraud, etc. Almost all the top bankers that openly oppose Bitcoin and accuse it of being only used by criminals can be entered into google and it will spit out their criminal record. There is not a week without one of this banks or banksters making it into the press with actual criminal charges, not just baseless accusations like in the case of Bitcoin. > [@Lucas\_Kell](#): > > šŸ¤£ šŸ¤£ Yeah, OK. Kim Jong-un is also a democratically elected leader by your definition. Yeah Iā€™m not surprised you donā€™t see the obvious difference here > [@Lucas\_Kell](#): > > The future of financial systems is unlikely to include blockchain technology. I donā€™t think you have the expertise to judge that > [@Lucas\_Kell](#): > > Well if it looks like a duck, swims like a duck, and quacks like a duckā€¦ I donā€™t need to be threatened by something to ridicule people who have a fanatical belief in it. It was a rhetorical question, I should have known you donā€™t get it. Obviously you feel threatened by it, and so do your criminal friends. > [@Lucas\_Kell](#): > > Again though, not true. You realise that making false statements doesnā€™t actually help your position right? Extreme libertarians might be taken more seriously if they stuck to facts rather than hyperbolic nonsense. Again with the lies. Itā€™s easy to check. > [@Lucas\_Kell](#): > > I pointed ou ā€¦ bla bla bla blockchain Yeah man, I have nothing against discussing the flaws of Lightning with someone who can actually understand the technology and are not just throwing random words around like you. But you make it pretty clear once again that you donā€™t even grasp the fundamental concepts, like we needed even more prove of that. > [@Lucas\_Kell](#): > > šŸ¤£ šŸ¤£ Except itā€™s not. The network in El Salvador is not part of the mesh, itā€™s a completely separate mesh with ingress and egress points with other networks. Itā€™s is to lightning what PayPal is to banks. Dude seriously, do you even realize how ridiculous you sound when you just make this stuff up without having any clue what you are talking about. Really, I almost start to feel embarrassed for you. > [@Lucas\_Kell](#): > > But thatā€™s not going to happen. Crypto will face increasing regulatory controls, be unable to comply and be dropped the handful of regular business that use it. Countries like El Salvador will find increased sanctions and reduced access to international financial support. Of course Bukele wonā€™t care because the entire thing is designed to allow him to extract USD from the economy. Sounds like the wet dreams of a fascists, desperately trying to not lose the grip on power to be honest. Probably because thatā€™s exactly what they are. > [@Lucas\_Kell](#): > > Again, you cling it wrong doesnā€™t make it so. The free currency the government is giving out relies on you using their custodial wallet, the ability to exchange for USD/USDT at point of receipt with the government, that also relies on you using the custodial wallet. So like I said, but choosing not to use the government wallet, you lose out on many of the benefits the government is providing to push adoption. You know, there is really nothing that prevents you to have any amount of wallets and just use the official one for official stuff. They are all interoperable because they use an open network. You still donā€™t understand that right? It must really be hard. > [@Lucas\_Kell](#): > > And bear in mind that this still sidesteps that actual feasibility of it, considering just over half the country has no access to the internet, and a supermajority of Salvadorans have expressed negative interest in using crypto. Vastly more Salvadorians have access to the internet and a smartphone than have a bank account. Even if they donā€™t expand the internet access itā€™s already including a lot more people in the financial system than before. > [@Lucas\_Kell](#): > > Iā€™ve not lied at all. You just did again > [@Lucas\_Kell](#): > > Yes it is. It requires regulation because people are being baited into throwing cash at it believing they can get rich off of it. Most forms of gambling are regulated around the world and gambling on a speculative ponzi scheme like crypto will certainly see more of it. Oh crypto will most likely be regulated, and hopefully a lot of scams and securities fraud will be shutdown. But that doesnā€™t change anything on the fact that they will not be able to control Bitcoin. The power will be taken from the criminals no matter what and there is nothing any regulation can change. > [@Lucas\_Kell](#): > > I can assure you that in a couple of years very little will be different in any meaningful way. Cryptocurrencies will still be a niche interest being increasingly rejected by societies, youā€™ll still be making outlandish false statements and blockchain technology will still have no practical use. More wishful thinking. I have no idea how long adoption will take. Itā€™s already faster than I expected. But no amount of desperate attempts to delay it by the corrupt criminals in power can change that inevitable outcome. ---
**Author:** ![Iceacid\_Frostpacker](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/iceacid_frostpacker/32/505689_2.png) [@Iceacid\_Frostpacker](https://forums.eveonline.com/u/Iceacid_Frostpacker)\ **Post date:** [July 12, 2021, 8:16pm UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1459 "2021-07-12T20:16:54Z")
Something is going to happen this week as so many youtubers are spreading rumours about Bitcoin and Apple buying 2.5B. I think best time to sell is now. ---
**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\ **Post date:** [July 12, 2021, 8:22pm UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1460 "2021-07-12T20:22:26Z")
> [@Lucas\_Kell](#): > > Feel free to show actual evidence that the heads of all these banks have been convicted of a crime. Pretty easy for anyone to check for themselves honestly. No need for me to produce a list just so you can ignore it and continue to pretend that your criminal friends are saints. > [@Lucas\_Kell](#): > > There is no difference, in both cases there is no functioning democracy. The only difference is that you like Bukeleā€™s choice to use bitcoin so you overlook his corruption. Itā€™s really astonishing that you are incapable of seeing the difference between an actual elected official and a true dictator. But not really surprising. > [@Lucas\_Kell](#): > > Thereā€™s a reason no serious company is using blockchain for anything meaningful, itā€™s a technical solution looking for a problem but every problem has far more elegant technical solutions. Companies are usually not in the business of creating a global decentralized currency, nor should they be. > [@Lucas\_Kell](#): > > The legality of an immutable, distributed database alone makes it useless for most people. I mean come on, companies are hardly going to tie themselves to a system that has child abuse images embedded into every full node (another thing you seem to be fine with). That is more the specialty of you and your criminal friends, canā€™t help you there. > [@Lucas\_Kell](#): > > šŸ¤£ You donā€™t think lightning has flaws. You disagree with the actual developers. Effectively though youā€™ll only have a discussion on the flaws of lightning with someone you agree with, itā€™s got sod all to do with knowledge on the subject. Any ā€œdiscussionā€ about lightning flaws will be you posting the list of flaws assembled by one of the lightning devs, that Iā€™m already aware of, and that you probably donā€™t even understand. So why should anyone talk with you about that subject? You can add nothing interesting to a discussion about a technology you donā€™t even understand. You canā€™t even assess what those flaws mean or that they are complaints on a pretty high level. > [@Lucas\_Kell](#): > > Go look it up for yourself then. Here Iā€™ll link you to their FAQ: > [FAQ & Help](https://strike.me/faq/channels) > And from the you can follow the link the Jack Mallers twitter where he explains that operating Lighting as a public network doesnā€™t work which made them choose to operate a separate private network. Strikeā€™s nodes donā€™t allow incoming channels to avoid friction introduced to their services by low quality nodes. That doesnā€™t mean they donā€™t have a variety of channels to various nodes in the rest of the network with good liquidity. This isnā€™t a separated network, itā€™s all part of the global lightning network. Was that the reason you thought that El Salvador has a separated network? šŸ˜‚ Strike is only one company of many that will offer their services to the El Salvadorian people. The network is open to anyone, itā€™s a free market. > [@Lucas\_Kell](#): > > Again, you can sit there acting like anyone that disagrees with you is an idiot all you want, but since youā€™re provably wrong, Iā€™m not the one likely to be embarrassed. So far you have only embarrassed yourself over and over again. You really make an effort to demonstrate your incompetence on the topic. Maybe you should go back to copy&paste stack overflow snippets šŸ˜‚ > [@Lucas\_Kell](#): > > Oh OK, so now you DO have to open an official wallet for the benefits. At least youā€™re gradually accepting the facts. Itā€™s a shame you had to jump through all the hoops of denying reality before you finally accepted it. The ā€œbenefitsā€ is like $30 and meant as an incentive for people to try out the technology. You donā€™t have to open that wallet if you donā€™t want the $30. No one is forced to use it, everyone can chose another solution that fits their taste of privacy and self-custodianship better. Again, you show how you just canā€™t wrap your head around this. > [@Lucas\_Kell](#): > > And bear in mind if the government can set up a crypto network, thereā€™s nothing stopping them setting up a national bank that provides financial services to citizens. Itā€™s not like crypto is solving a problem thatā€™s otherwise unsolvable, itā€™s just suddenly thereā€™s political will when Bukele can make money from it. Lol, againā€¦ not sure how meany times I have to repeat this for you to actually understand itā€¦ They donā€™t setup a crypto network. They use the already existing global Lightning Network. There is nothing special about what El Salvador is doing other that they recognize Bitcoin as a legal tender and offer an easy way to onboard everyone onto the already existing network if they donā€™t do so already on their own. > [@Lucas\_Kell](#): > > They absolutely can though. Regulation will force all wallets, custodial or non-custodial to be registered with a regulated body (such as a bank). Transmission of funds between unregulated and regulated accounts will result in legal seizure of funds and criminal penalties. Oh look, more fascist pipe dreams. Itā€™s a bit like this demands that used to be around that everyone doing anything on to the internet has to provide an official ID. Itā€™s a desperate attempt by people who donā€™t understand how any of this works to preserve their power. Anyone who knows anything about the tech will immediately recognize how completely outlandish and absurd this demands are. As if we needed any other evidence that you donā€™t understand any of this šŸ˜‚ > [@Lucas\_Kell](#): > > Travel rules came in this June, so countries are already starting to require than any transaction undertaken through a regulated entity involves an exchange of identification data and KYC processes are coming in on most exchanges. Regulating companies that utilize the technology is something completely different and I welcome this regulations. > [@Lucas\_Kell](#): > > By ā€œcriminalā€ I assume youā€™re still peddling your nonsense that banks are criminals, but no, even if cryptocurrency replaced fiat (It wonā€™t ever come close) banks would still be an integral part of it. Not the same banks we have now though. They show zero interest in adapting, and by the time they realize their mistake it will already be too late for them to catch up to the new banks that are emerging right now as we speak. > [@Lucas\_Kell](#): > > So now you have no idea? Earlier you were claiming a couple of years. lol, yeah it will take a couple of years but as I said I donā€™t know how many. You seem to get confused by the most simple things. > [@Lucas\_Kell](#): > > Itā€™ll never achieve mainstream adoption. In order to stand a chance of doing that it would have to be far less volatile and if it were less volatile most people would no longer be interested in it as they wouldnā€™t be given promises of getting rich for sitting on their asses. There are a lot of use cases that donā€™t care about volatility. Like for example the use of Lightning Network as a means of instant global value transport where Bitcoin is only used as a temporary bearer asset. And that is already getting adopted. Itā€™s how Strike transports value from bank to bank instantly, simply by onboarding them to the Lightning Network. Watch it working: [https://www.youtube.com/watch?v=Rt2C3CsLi7k](https://www.youtube.com/watch?v=Rt2C3CsLi7k) > [@Lucas\_Kell](#): > > And thatā€™s ultimately what you like about it too. Youā€™re too lazy and inept to do anything of value, but buying some pretend money and waiting is easy, which is why propaganda from Ponzi schemes is so appealing to you. Just get a job bro, like a normal person. Iā€™m already earning more in my regular job than you ever will. But feel free to pretend Iā€™m some kind of kid who is broke if that comforts you šŸ˜‚ ---
**Author:** ![Iceacid\_Frostpacker](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/iceacid_frostpacker/32/505689_2.png) [@Iceacid\_Frostpacker](https://forums.eveonline.com/u/Iceacid_Frostpacker)\ **Post date:** [July 12, 2021, 8:23pm UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1461 "2021-07-12T20:23:07Z")
I am using swyftx for the exchange and received an email stating that on Thursday this week they are going to be down for 6 hours for maintenance. Something is definitely going to happen this week it seems. ---
**Author:** ![Iceacid\_Frostpacker](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/iceacid_frostpacker/32/505689_2.png) [@Iceacid\_Frostpacker](https://forums.eveonline.com/u/Iceacid_Frostpacker)\ **Post date:** [July 12, 2021, 8:30pm UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1462 "2021-07-12T20:30:15Z")
> [@Karak\_Terrel](#): > > Watch it working: [Instant And Free International Funds Transfer With Strike - YouTube](https://www.youtube.com/watch?v=Rt2C3CsLi7k) But the fee is still a swap right? 0.6%? How does it not cover itā€™s cost to exchange USD to EU? Are they using their own exchange rates to absorb the cost? / also the email from Weā€™re very excited to announce the upcoming release of Multi Currencies on the Swyftx Platform, on **Thursday the 15th of July 2021**. then it reads; ## ARE YOU WONDERING; - Should I trade in AUD or USD? - How will I convert my holdings fee free? - Will this change impact my tax obligations? * * * So are all exchanges changing to the free currency swap? What your showing @Karak_Terrel is that what other exchanges going to offer as the email is stating something very close to that Strike? ---
**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\ **Post date:** [July 12, 2021, 8:36pm UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1463 "2021-07-12T20:36:08Z")
Because he on-boarded the banks directly. There is no intermediate and Bitcoin is only used as a bearer asset to represent the value exchanged between the Banks. Bank A just removes the dollars from customer Aā€™s account and sends the equivalent value in Bitcoin to Bank B who then credits the account of customer B with the equivalent in euro. > [@Iceacid\_Frostpacker](#): > > So are all exchanges changing to the free currency swap? What your showing @Karak_Terrel is that what other exchanges going to offer as the email is stating something very close to that Strike? No, this has nothing to do with crypto exchanges. They will always charge you fees for everything, of that you can be sure. ---
**Author:** ![Iceacid\_Frostpacker](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/iceacid_frostpacker/32/505689_2.png) [@Iceacid\_Frostpacker](https://forums.eveonline.com/u/Iceacid_Frostpacker)\ **Post date:** [July 12, 2021, 8:44pm UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1464 "2021-07-12T20:44:43Z")
Ah yes reading the smaller font is states " \* You can trade between AUD and USD at any time, fee free (for a limited time)." ---
**Author:** ![Iceacid\_Frostpacker](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/iceacid_frostpacker/32/505689_2.png) [@Iceacid\_Frostpacker](https://forums.eveonline.com/u/Iceacid_Frostpacker)\ **Post date:** [July 12, 2021, 9:11pm UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1466 "2021-07-12T21:11:50Z")
> [@Karak\_Terrel](#): > > Bank A just removes the dollars from customer Aā€™s account and sends the equivalent value in Bitcoin to Bank B who then credits the account of customer B with the equivalent in euro. So looking at Eve Online game time okay. eg; paypal CCP Games UK - negative$14.95 USD 16 JunPayment shows exchange Exchange rate $20.30 AUD = $14.95 USD 1 AUD = 0.7366 USD (spot price on 15th was 0.76) If somehow using that method (in the future) of Strike to convert currency then deposit to paypal would that improve the Exchange rate difference between buying and selling USD? / Inside that video when that guy sent that 10 USD & when it landed into EU it shows 8.02 The day of that vod was 7th so assuming it was that same day the currency was 1 USD EUR 0.81510 EUR but still only as est as the time is not known. ---
**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\ **Post date:** [July 12, 2021, 9:28pm UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1467 "2021-07-12T21:28:20Z")
> [@Lucas\_Kell](#): > > So itā€™s ā– ā– ā– ā– ā– ā– ā– ā–  then. Thanks for confirming. No it isnā€™t, itā€™s easy to check and hilarious you pretend otherwise > [@Lucas\_Kell](#): > > The end result is no different, a corrupt dictatorship. The end result is very different and someone must be pretty dense not to see that. > [@Lucas\_Kell](#): > > Blockchain isnā€™t a decentralized currency, itā€™s a decentralized database technology. The ā€œcurrenciesā€ are things like bitcoin built on top of blockchain tech to bait idiots into handing over cash for made up tokens. The tech is useless and thus the idea that weā€™ll shift aur entire financial infrastructure over to it is nonsense. Thanks for demonstrating once again your very limited knowledge about the topic. Not like that was really necessary > [@Lucas\_Kell](#): > > Youā€™re the one running the full node and pushing for undemocratic changes to help criminals evade the authorities. Get the police to check over the contents of you computers, let us know how it goes. Iā€™m not the one here with the criminal friends. Iā€™m sure they will be far more successful finding anything on your machines. > [@Lucas\_Kell](#): > > Again though, I do understand it. You simply disagree and youā€™re arrogant enough to think your;e infallible so you conclude that anyone who disagrees with you must be an idiot. You donā€™t, and disagreement isnā€™t why I concluded that about you > [@Lucas\_Kell](#): > > Which makes their network private. Game, set, match. Thanks for playing kid. šŸ˜‚ a classic ā€œLucasā€ if I may say so. You donā€™t understand what was said and take that as a ā€œwinā€, priceless. > [@Lucas\_Kell](#): > > Iā€™s not though, itā€™s literally a sperate network that other lightning nodes can interact with through set ingress points, like my bank is separate from another bank but the two can interact. No it isnā€™t. It just means that Strike doesnā€™t allow other nodes to open channels to their nodes, but they themselves have opened channels with good liquidity to the rest of the network. If there is even one channel, all the nodes of Strike can send and receive funds from any other node on the network. Itā€™s not a separate network. > [@Lucas\_Kell](#): > > Except they are. They literally are. Theyā€™re using lighting software (or a bastardized version of it) but itā€™s a proprietary network. Do you think if you repeat that lie a few more times it will become true? Or maybe you really believe that because you still donā€™t understand how Lightning works. Fascinating. > [@Lucas\_Kell](#): > > Any use as a currency, volatility matters. If you get paid then the price halves that matters to people looking to actually buy things. Again, as I already explained. Not all use cases use Bitcoin as a currency. Iā€™m also pretty sure it will look stable as a rock compared to the dollar in a couple of years. > [@Lucas\_Kell](#): > > šŸ¤£ šŸ¤£ So I have fiat, I convert it to funny money for transport then it arrives and converts back to fiat. All to speed up a process that is deliberately slow to allow for fraud prevention measures. Ah yeah, itā€™s ā€œdeliberately slowā€ by banks whose business model is basically supporting their criminal friends while leeching money from regular folks. Itā€™s not because they have some ancient cobol stack on ancient mainframes, barely held together by some pearl script glue and various layers of Java shells around it, so broken that a lot of operations have to be done manually. It has absolutely nothing to do with that. Legacy banks are like the embodiment of sunk cost fallacy. They canā€™t adapt. They will realize it too late. I know it, I talk to this people, I have seen the systems. Itā€™s an unmovable mess that canā€™t be salvaged anymore. > [@Lucas\_Kell](#): > > I seriously doubt that. Your discussions on here and on discord havenā€™t exactly highlighted any marketable skills. I donā€™t think you have even the capabilities to judge such a thing. > [@Lucas\_Kell](#): > > Amusingly free transfers on things like strike donā€™t even involve the blockchain, you pay fiat to strike they ā€œtransferā€ it on their private lightning network, then the pay out EUR to the recipient. Blockchain plays no role. Again, demonstrating complete ignorance. Although the transactions are not broadcast to the blockchain, the Lightning Network is secured by the underlying Bitcoin blockchain at any time. ---
**Author:** ![Iceacid\_Frostpacker](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/iceacid_frostpacker/32/505689_2.png) [@Iceacid\_Frostpacker](https://forums.eveonline.com/u/Iceacid_Frostpacker)\ **Post date:** [July 12, 2021, 9:31pm UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1468 "2021-07-12T21:31:06Z")
> [@Karak\_Terrel](#): > > Thanks for demonstrating once again your very limited knowledge about the topic. Not like that was really necessary I donā€™t want to know the ins and outs, all I am interested in will it lower the cost to exchange funds to do normal every day activities online? ---
**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\ **Post date:** [July 12, 2021, 9:37pm UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1469 "2021-07-12T21:37:14Z")
> [@Iceacid\_Frostpacker](#): > > I donā€™t want to know the ins and outs, all I am interested in will it lower the cost to exchange funds to do normal every day activities online? The goal is that companies like CCP eventually just onboard to Lightning, and then you could pay them directly without any company like Paypay, Visa or any bank involved. They will just bill you the amount of $ in Bitcoin, almost all wallets can simply show the invoice values in any currency you want ---
**Author:** ![Iceacid\_Frostpacker](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/iceacid_frostpacker/32/505689_2.png) [@Iceacid\_Frostpacker](https://forums.eveonline.com/u/Iceacid_Frostpacker)\ **Post date:** [July 12, 2021, 9:42pm UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1470 "2021-07-12T21:42:36Z")
That future just seems outside my lifetime. ---
**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\ **Post date:** [July 12, 2021, 9:44pm UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1471 "2021-07-12T21:44:48Z")
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