Oh please. the way banknotes started in the first place is merchants wanted to store their gold at a bank, rather than lugging it around themselves or setting up their own fort and small militia to protect it. Then they were issued a piece of paper, a banknote. When the bankers discovered people were using the banknotes like money, they discovered a way to loan people paper and run a fractional reserve. It doesn't matter what medium you use as money. Someone is going to find a way to put them self in the middle and exact their usurious fees. Or just plain use force or stealth and outright steal your bounty.
Interestingly, the first technology to be developed since the advent of fractional reserve banking that actually has a real chance of putting a stop to most of the double counting of reserve assets is... drum-roll... blockchain!Except not even exchanges are currently using that "feature". Thanks to blockchain exchanges could be already guaranteeing they don't run fractional reserve. It would be as simple as this: - Every exchange user is given a "unique private identifier". - Every day, the exchange publish a balance sheet that comprises a listing of all UPI's and its individual balances. The total is the minimum amount of reserves the exchange must control to prove absence of fractional reserve "banking". - Simultaneously the exchange publish a listing of addresses which individual balances (can be checked on their respective blockchains for accuracy) sum, at least, the total needed. Obviously they sign a timestamped code with those addresses to prove ownership. - Individual users could check their balances are included and accounted for in the balance sheet. ... But not a single one exchange is still doing this. Wonder why..... Agreed. Decentralized exchanges need to take hold. Bisq is an ok start but p2p is not good for liquidity. I started work on a decentralized exchange that acts just like a regular exchange with fiat. But it's not the simplest of things to accomplish, will take some time. |
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Michael Arrington just tweeted about the project: Such a cool project: A floating Pacific island is in the works with its own government, cryptocurrency and 300 houses https://cnb.cx/2LbIZzU @seasteading Also: I've spoken to them a few times privately. We're going to find a way to support this.
https://en.wikipedia.org/wiki/Michael_ArringtonJ. Michael Arrington (born March 13, 1970) is the American founder and former co-editor of TechCrunch, a blog covering the Silicon Valley technology start-up communities and the wider technology field in USA and elsewhere. Magazines such as Wired and Forbes have named Arrington one of the most powerful people on the Internet. In 2008, he was selected by TIME Magazine as one of the most influential people in the world. |
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Sorry guys but we neither give assistance about lost coins nor, especially, give assistance if those lost coins are bcash. Please bring to roger's forum. Or try the altcoin section
Ive been part of this thread for years and know there are some knowledgeable people here. The only reason i was even touching the cash was to convert it to BTC. Again, help will not be unrewarded. EDIT: As i was typing the TX ID the balance is back up. Phew. What are the reasons that would happen with BTC or BCH in electrum? Ive never seen the full total leave before coming back later best guess, and it's definitely a guess, really, really slow transaction processing. Ver had to approve the transaction. It met his approval. |
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From varyon.io
Distribution
4-28%* Public sale
7-8% Presale
5-6% Blue Frontiers seed funders
10-15% Blue Frontiers team
45-72% Seastead/SeaZone Construction, Development, Administration
* The amount of Varyon (VAR) allotted to seastead/SeaZone Construction, Development, Administration is inversely correlated with the amount purchased in the public sale. That is, the more Varyon (VAR) sold in the public sale, the less Varyon (VAR) held for seastead/SeaZone Construction, Development, Administration.
Blue Frontiers plans to prototype the first seastead with funds raised from the Varyon (VAR) Crowdsale, and to fund additional seasteads through sales. The Varyon (VAR) Blue Frontiers holds for seastead and SeaZone Construction, Development, and Administration will be used only as needed, in order to create seasteads and SeaZones and to strengthen the ecosystem of products and services available to Varyon (VAR) holders.
4,000 ETH Soft cap
22,000 ETH Hard cap
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Wow. Interesting how everyone misses the whole point of the article being around the simulcast aspect of early AM/FM and how it relates to companies accepting traditional and crypto currencies.
It's about adoption, not about technology.
That's why the title says "early FM radio adoption"...not "early FM radio technology".
but your article about the FM adoption is not how it really happened. plus it does not relate to bitcoin... but i do find it funny how you then use the article to pump your empty seatstead project which after 2 years has not even learned half the lessons needed to be learned 2 years ago. your topic is actually not about FM or bitcoin. but a subtle advert for your cash grab. atleast be real about it P.S if the seastead project had an ounce of real soul, moral and ethics of actually achieving something that could help the wider world. i would have actually been part of it and given the project many idea's to actually become a reality. but, nah. all i see is a money grab and no real existance of real plans beyond some glossy images and buzzwords. (even the images have flaws of basic concept design, thats how bad your ploy is) Ok, that's just what I learned in college about the history of FM but what do I know? I only have a degree in Telecommunications. I could have gone into more detail about Edwin Armstrong and his interesting life story of trying to get FM accepted but it doesn't really relate to Bitcoin and ends with him jumping to his death due to FM not succeeding. As for the seastead. I put an example from my knowledge. If you have other examples of places that only accept crypto and don't accept fiat currencies I would love to hear about them since that is the whole point of the article...getting those companies out there. As for your naysaying about Blue Frontiers (which has only been around for 1 year), I am sure that any seasteading project that came about you would not support due to "you didn't think about water!" (even though we have a team of 70+ very intelligent volunteers that are contributing their expertise in every minute detail that it is less about having information and ideas as it is narrowing things down. So unless you have an expertise in the field you're contributing your ideas about...it would likely already have been covered. We ended up turning away volunteers only allowing about 1 per week due to the large amount of people that want to contribute their ideas. The project will happen with or without your approval. The founders opted for a small ICO with reserves released based upon results in the future as opposed to following the path of all other ICOs where you get a bunch of money for your project then never get around to it due to the amount of time you're spending on vacation or driving your lambo. The founders have been involved in seasteading since 2008, I've been involved since 2008. I retired and moved to Tahiti to help out with the project. The project is legit. You can scream scam all you want. We're too busy making it happen. |
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Hello,
i am supporting this project and i believe in it, because it has good reviews from the team of Zencash, another trustworthy and reliable project on the go.
Good luck!
Yes, we love ZenCash at Blue Frontiers. Mainly due to Robert Viglione coming to the seasteading conference last year and being a genuinely nice guy who believes in the tech. I hope that the expertise with that team can contribute to some blockchain advances on the seastead and somehow integrate easily with varyon. |
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Bears...it's been a while. Welcome back.
Refer to TERA2 for guidance, he's been here the past year while you were away.
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Is there a place where we can check the progress of the sale?How much has been sold?
They are working on putting a ticker on the website. Last count was 1250 ETH (equivalent). And what is the soft cap,in ETH? 4000 ETH |
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I have an interesting question.Will you try to get workers and companies that will be needed to build everything and pay them in crypto or you plan to go for normal real world companies and fiat in that arena?
It will all depend on the employees and companies. Blue Frontiers will try to pay as many vendors and employees in varyon. Many of their current employees and companies they work with now have opted to get paid in BTC and ETH. The money raised during the ICO will be split between BTC, ETH, USD and EUR to make payments for all of the work through 2021. |
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Is there a place where we can check the progress of the sale?How much has been sold?
They are working on putting a ticker on the website. Last count was 1250 ETH (equivalent). |
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Wow. Interesting how everyone misses the whole point of the article being around the simulcast aspect of early AM/FM and how it relates to companies accepting traditional and crypto currencies.
It's about adoption, not about technology.
That's why the title says "early FM radio adoption"...not "early FM radio technology".
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I do not see much relevance here. Bitcoin and RADIO radios are quite different, why compare them to each other? . Thanks!
If you read the article you will see that it says that Bitcoin and radios are the exact same thing. It does not use radio adoption as a mere example, it says that Bitcoin uses radio waves for transmitting music. You're both missing the point. Bitcoin to radio isn't the right analogy. It's the blockchain that has so much in common with radio as it does the combustible engine, the refrigerator, the television set, the airplane, the printing press, and the internet. It's a new technology, it's adoption will be slow at first and then booming because it takes time to generate the momentum of the people and the use cases for folks to realize how valuable it is, as a technology. Oh no, I think that blockchain is a radio. I am listening to the blockchain in my car right now. I suspect that nobody has actually read the article though. Perhaps you can tune into your FM blockchain station to find out more. |
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I remember on this forum when we used to welcome newbies to the forum and ask them to let us know if they have any questions. They'd say "thanks, still reading but will take you up on that if I do".
Now you see a newbie and think..."shit, signature campaigner trying to get his post count up. Shut up n00b."
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I do not see much relevance here. Bitcoin and RADIO radios are quite different, why compare them to each other? . Thanks!
If you read the article you will see that it says that Bitcoin and radios are the exact same thing. It does not use radio adoption as a mere example, it says that Bitcoin uses radio waves for transmitting music. |
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When you turn on your radio today (if you even use a radio anymore) you will likely tune in to an FM radio station to listen to music. AM radio being reserved mainly for talk shows or other boring things that nobody really listens to. But this wasn’t always the case. AM used to be the dominant wave band for most of the 20th century. Although FM radio was created in the 1930s, it had a very slow start in getting widespread adoption. AM radio was what you tuned into if you wanted to listen to a radio station which meant that to listen to FM you would need to buy a radio with FM included and you needed FM stations to listen to. But why would radio companies build FM into their radios if there were no FM radio stations? Why would people create FM radio stations if there were no radios that could listen? This is the same chicken and egg scenario that Bitcoin has faced since its inception. Why would you accept bitcoins at your store if nobody is spending them? Why would you spend bitcoins if no stores are accepting it? Continue... |
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US investigators would actually have to get on the foreign exchanges to do an investigation.
Somewhat related, I downloaded the decentralized exchange, bisq.
It's pretty interesting in that you can see the amount of trades daily. US dollar trades are around 15 per day.
I went ahead and set up a sell order in baht for my gf to test it out in Thailand. Set it at 10% though so no bites.
It's not that great but at least a start.
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6-12 months after the next halving - 1 bitcoin = over $50,000
But....I want that now.  Not that I would cash out or anything. I'd still only spend $35k a year to stay in the low income bracket where I don't have to pay taxes. But still...it would make me feel better. |
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Saw that. Looks like the US is going to go after foreign exchanges. Finally the US getting involved with the business of other nations. Oh no, wait. The SEC can only regulate US exchanges. And the US exchanges are basically US government bank exchanges already. So...maybe they will drop bombs on foreign exchanges? That's what the US does best. |
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