Elon Musk lives here, in Southern California, where the population is incredibly sprawled. Public transportation is almost useless here. Buses run late and are somewhat dangerous, trains do not cover much if any of the three counties, and most people drive cars.
Problem is, the only trains here in Southern California go in the L.A. → San Diego direction. I would love if the 91 had a railway running in parallel, but unfortunately that doesn't seem likely.
That's incorrect. RAID is a system build on top of hard drives for redundancy. Redundancy (for this use of the word) is simply duplication across multiple hard-drives, which doesn't require a system at all.
What about that doesn’t make sense to you? Almost all species do that — humans included. Literally: Some families in New York City have been in the same burrough since their ancestor’s arrived from Europe. This can go for anywhere on Earth — a girl I once dated could trace her liniage back hundreds of years, mostly in a small town in Australia for centuries after her ancestor was taken there during British colonization.
Y'know, after a decade on Internet forums, I've found saying "I know I'm going to get downvoted, but—" usually leads to downvotes, while simply stating your position gets judged on actual merit rather than self pity.
The first string of comments says they haven't announced yet (besides on reddit) and nothing on their site claims anything to that affect either.
Also, if the Fed barred any Bitcoin sales/buys with USD (however unlikely) almost all reputable bank would drop those as well, regardless of country. This has been discussed in detail on r/BitcoinMarkets, actually.
If the banks cut off access to the funds (e.g.: GDAX can no longer accept USD deposits/withdraws, or possibly even the funds in their own accounts) they basically can't be considered an "off ramp" anymore. If all exchanges were barred from doing business from U.S. banks, than there is no way to get money from 1 BTC (or any other denomination/currency). Herein lies the screw.
LocalBitcoins would become a seller or buyers only recourse, for U.S. customers anyway, which takes a lot of coordination/time, and essentially becomes an obvious form of money laundering.
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No, that's not what OP is saying at all. Read his posts. He's under the impression that exchanges take out bank loans to pay dollars to their customers, which is false.
Although that would be incorrect, there still are valid fears for a liquidity crunch, as I stated. This, regardless of why (be it laws or fund availability) does create a concern due to liquidity.
> BTW, Bitfinex recently reopened bank deposits and withdrawals.
> You are misinformed. The people who provide the dollars to this market are the customers of the exchanges. It seems like you are not familiar with how a currency exchange works.
I fear you're misinformed. Besides localBitcoins, how does one get fiat to an exchange?
That's right — a bank. Exchanges like Bitfinex only survive because of things like Tether, which requires other fiat accepting exchanges.
If all exchanges were like Bitfinex, there would be a liquidity crunch, as the OP is saying.