I'm confused I already mentioned it's forex trading, so euro > dollar > whatever > euro > circle > around > dollar. That's the large majority of fiat money transfers. Why would that be any different than dollar > bitcoin > dollar?

Maybe you mean the number of transactions, then indeed I have no idea how many transactions are used for 5 trillion worth of forex trading per day. Automated systems could make billions of trades, or it could be just a "few".

My interpretation is different: based on this, I'd say Binance and Bitfinex only have real trading volume, and together they handle 65% of the real market volume.

OTHER: Bitcoin LN (Lightning Network) for much lower transaction fees.
There are a few smaller casinos that support LN only, so you could be the first big one to join.
Deposits could be added to the normal Bitcoin balance, so users can opt for on-chain withdrawals for larger amounts.

With LN, you could allow even 1 satoshi withdrawals, although you may want to disable the faucet for those users.

Cheap small transactions and fast confirmations! I've recently installed a LN-wallet, and I already made more transactions on LN than I made on Bitcoin in at least a year.
It makes small payments possible again, such as sending 0.0001 BTC with 0.0000000202 BTC fee.

I'm okay with paying a high fee for a big transaction, but I'd love to be able to use Bitcoin for small transactions too. LN allows much more users to actually use it, as 7 transactions per second can't scale up.

Added:

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No. Only Members and higher are allowed, and your post history doesn't show anything else than applying for giveaways and loans, so you don't qualify for an exception.

I won't make it, I went for LoyceV's Legendary Little Lightning Loans instead.

I said one satoshi, not a million I can tripple 1 satoshi all day long, a million is going to be expensive.

I had been reading about it for a very long time, installing a client was long overdue.

In the minutes before you created this topic, I reported 17 of his posts for spam. They're still Unhandled, let's see if he gets banned.

It's an old account. I didn't check exactly, but he may have posted in enough 14 day periods to have enough "potential Activity" to reach Full Member. A bit more spam and we'll know, unless he gets banned first

Basically, any change you make to your Trust list makes it "custom".
Very short summary: it decentralizes the decision power away from theymos, you can choose who's judgement on others you trust or distrust.

Your own Trust list directly influences how you see other users' trust scores.

That system changed, see DefaultTrust changes.

There are some infographs posted in Meta, but if you want to know all details, you'll have some reading to do.

DT1 selects DT2 which selects DT3 which selects DT4.

If you're interested, I produced a lot of data on Trust lists.

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User Foxpup (full history)

• Received a total of 470 Merit up to last Friday.
• Received 17 Merit (3.61%) for 6 (0.19%) of 3024 posts created before the introduction of Merit (0.0056 Merit per old post).
• Received 448 Merit (95.31%) for 120 (23.21%) of 517 posts created after the introduction of Merit (0.8665 Merit per new post).
• Received 5 Merit (1.06%) for posts that are now deleted.

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I wonder what Bloomberg is trying to prove here. Let's compare NASDAQ's Forex Market Overview:
It sounds like Bloomberg is making up a reason why Bitcoin wouldn't be money. They could write a similar article about fiat: "only 4% of economic transactions came from merchants".

If that would be the reason to hold on to Bitcoin, traders wouldn't sell it either. But they do buy and sell all the time.
The thing that restricts me in using Bitcoin is the low acceptance, I use Bitcoin to pay whenever I can, but unfortunately that's not very often. Once more merchants accept Bitcoin, I'll use it more often.

As a rule of thumb: if you can do something without a blockchain, you shouldn't use a blockchain.
In this case, you can just sell "hours": the user buys credit that allows him to use the scooter for a certain number of hours. A centralized database can handle this, so there's no need for a (decentralized) tokenized system.

Unless of course you want to go full-on ICO, claim you're going to disrupt the rental industry, cash a few millions, and disappear without ever completing the project. Because this cynical summary is the reality of almost every token project ever created.

As an example of a company doing something similar: Greenwheels offers subscriptions for rental cars. You can choose between several combinations of fixed fee per month, per kilometer or per hour. It allows renting a car for less than an hour, and you only pay for the time you use it. A lower fee per month means a higher fee per km, and users who use it more often can opt for a higher monthly and lower usage fee.
This works without blockchain, it's a "conventional" company which uses a "conventional" database.

One reason to use cryptographic tokens would be to allow anyone to transfer the tokens P2P in an app, but I assume you want to know who's using your scooters (for insurance purposes). That takes away the main advantage tokens could offer.

Update: If you want to pay me for this, I'll post my addy
Update: payment received.

I've added some red font to the OP. This topic is about Lightning Loans, a payment request looks like this:

LoyceV's Legendary Little Lightning Loans Ledger
1. PrimeNumber7: June 2 - June 4: 0.1 mBTC paid back in full with 100 satoshi interest
2. thehun: June 8 - June 10: 0.1 mBTC paid back in full with 100 satoshi interest
3. BitCryptex: June 18 - June 20: 0.1 mBTC paid back in full with 100 102 satoshi interest
4. bitmover: June 22 - June 22: 0.1 mBTC paid back in full with 100 satoshi interest
5. Timelord2067: July 10 - July 13: 0.1 mBTC paid back in full with 100 satoshi interest
6. asu: August 6 - August 9: 0.1 mBTC 0.1 mBTC paid back in full with 100 satoshi interest
7. asu: August 16 - August 23: 0.2 mBTC paid back in full with 200 satoshi interest
8. Timelord2067: August 23 - August 23:  0.1 mBTC paid back in full with 50 satoshi interest
9. Timelord2067: December 28 - December 30: 0.1 mBTC paid back in full with 50 satoshi interest
10. HCP: December 30 - January 1: 0.1 mBTC paid back in full with 50 satoshi interest
11. HCP: January 9 - January 9: 0.1 mBTC paid back in full with 50 satoshi interest
12. Timelord2067: January 9 - January 11: 0.1 mBTC paid back in full with 50 satoshi interest

Recently, I started playing around with a Bitcoin Lightning Network wallet (Eclair).

I considered creating a Satoshi doubler thread, but Little Lightning Loans sounds much better. The main purpose of this topic is to encourage Bitcoin users to try the Lightning Network, while using it for something real (although small).
A slight warning: Since the Lightning Network is still (a bit) experimental, you shouldn't deposit more than you're willing to lose. I think of it as an investment of time in Bitcoin's (possible) future.

Loan
No collateral required.
Amount: 0.01 mBTC (0.00001 BTC, or 1,000 satoshi).
Duration: one week.
Interest: 1% (0.0001 mBTC (=0.0000001 BTC or 10 satoshi)).
Conditions: Members (and higher) without red trust on DT2 all account ranks can apply.

To apply
1. Make sure you have inbound capacity.
2. Post a Bitcoin Lightning Network payment request for 0.01 mBTC. Make sure it doesn't expire too soon (in case I'm not online).
Repayment
3. When you want to pay back, let me know and I'll post a payment request.

Disclaimer
Self-moderated to stop spam from users who don't read and ask for a on-chain Bitcoin loan.
I reserve the right to reject or accept users as I please.
This topic is experimental, if it works out I might add Larger Lightning Loans later.
Don't take a small loan to get positive feedback, join to try the Lightning Network

Challenge
Help me add more sensible words (starting with an L) to the title

Your msgID was 51311881 (51,311,881). That's "only" 51 million posts

You can download one page (up to 20 posts) per second. In ideal circumstances this would take just a month, in reality probably 2 months.

I've looked at it before, finding duplicate posts wasn't that hard. The problem was the very large number of BS-posts like "good project". It's not plagiarism, it's useless, but there are far too many similar posts to manually report them all.

I think a combination of checksum with Linux commands "sort" and "uniq" can be used to find exact duplicates pretty fast. That solves the problem of a quadrillion checks as it'll use a well tested and very fast sorting algorithm. If someone can get me 51 million posts (excluding quotes and probably smileys), I'll give it a try.

I assume hilariousandco can just view all reports, which makes it easy to find the specific post.

Thirdspace gave a good example: nullius! He made great posts and made many posts per week, but was active for less than 5 months. Staying for many years shows prolonged dedication.

It's probably closer to 99.9% of all users, but I see your point

Forgive my English too, and feel free to delete this (or translate a summary).

I ended up in this topic based on this list.

I appreciate users promoting custom Trust lists. The reason I'm posting here: EFS for instance can't be elected for DT1 as long as he doesn't add 10 users to his own Trust list:

I've included most of the DT1-criteria in my Rank up pipeline. PHI1618 for instance qualifies to be elected for DT1.

Many users created a new Trust list in the past week:
What's interesting, is that many users on this list included several of the same users. EFS for instance now has 9 new inclusions, but since he only has 2 inclusions on his own Trust list, he can't be elected for DT1. Note: EFS is a Staff member and had many inclusions already.
This seems to be based on Türk lokal forumu için DT üyeleri seçiyoruz (Google Translate: "We choose DT members for the Turkish local forum").

I didn't expect a "local election" to pop up on my list of newly created Trust lists :D
Note that this is exactly how the system is intended to work, so this (alone) shouldn't be a reason to start excluding users.

It'll be an evening edition. This update is uploading now:
(navigation at the top will take about 8 more hours to complete)

I fixed ðºÞæ's Trust list, but the fix is for HTML only. BBCode isn't used often, and since it only involves a few users, I won't fix this:
If someone needs it, they can manually edit the username.