Every month, your employer transfers Bitcoins into a time-locked address that can't be transferred out before you reach retirement age. You have the key to the address. You can verify the transfer on the blockchain.
No middle-men. No funny business. No brokers with pyramid/eyeball shaped logos. No "oops we went bankrupt and lost your retirement." No bail-ins. No raising the age of retirement.
Just Bitcoin.
Actually, you don't even need an employer. You can do it all by yourself on a dedicated wallet. |
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Or are you waiting for bitcoin to gradually become popular alongside fiat?
What are you waiting for?
I'm not waiting for anything. I'll just use BTC more and more when more places will accept it. It will be gradual. |
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No, not London. I know there are a few strong BTC supporters there, but BTC isn't important to them. It's just another opportunity. London's one of the most expensive place to live in the world, and most people there strongly benefits from the actual financial system. Since BTC will shake up all that, I'd say it has more chances in a corrupted country where people cannot trust their local government and/or currency. Argentina's more like it.
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Go to a BTC meetup. Those happen in many countries, and declare you have BTC for sale right away. Let's say you made some money through faucets, signature campaign, whatever, and you have 5 BTC.
Not sure how much of a newbie you are, but you'll never make 5 BTC through faucets and signature campaigns. You'll have to work to get that much, or buy them at an exchange. |
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Latest press hit by The Guardian: Liberland: hundreds of thousands apply to live in world's newest 'country'http://www.theguardian.com/world/2015/apr/24/liberland-hundreds-of-thousands-apply-to-live-in-worlds-newest-country...
“The legal system will incorporate good habits from other countries: Switzerland, Britain, Estonia, some parts of the US constitution,” he adds. Liberland will have a government of “10 to 20 members and a police force, but will not have an army, operating an open-border policy”. An official cryptocurrency along the lines of bitcoin is planned and state debt will be banned under the constitution. The Guardian's title is a bit far-fetched. Hundreds of thousands have applied for citizenship, which doesn't necessarily mean they want to move there, but I see a good business there. If that new government asks for €50 to sell passports, they will make a million in no time. Hey, they said no tax, but they didn't say passports would be free. |
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I believe we're moving quite fast, even though it's clear that facebook grew faster.
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They can do what they want in a free society, why can't they travel with all their money in cash form?
Who said that we were living in a free society? |
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Now thing is his wallet was 180 weeks behind something when he sent (it was still syncing)
Wait! As a rule, you should not do anything with a wallet which isn't synced. I guess your friend had old software, too. |
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OK... let me make a quick comparison of pre-invasion era Libya and NATO-controlled Libya:
Libya before invasion:
1. Secular government
2. One of the most prosperous nations in Africa. Attracting migrants from all over Africa in their millions.
3. Home o some of the mega engineering products, such as the Great Man-Made River.
4 Citizens enjoy one of the highest per capita incomes in Africa
5. Probably the best healthcare facilities in the entire African continent.
Libya under NATO
1. ISIS is active, and controls most of the cities.
2. Jobs and livelihoods are vanishing. Thousands of Libyan citizens are fleeing the country, mainly to Europe.
3. Large scale destruction to infrastructure, as a result of civil war.
4. One of the most war ravaged countries in the world.
5. Healthcare facilities almost non-existent.
Under NATO? Sorry, but you can't say that. NATO doesn't control anything in Libya. I wish it would, though. Another thing which changed: before the invasion, a woman could go out in Tripoli wearing a short skirt. I'm not sure this is still possible. |
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I'm still waiting because we don't know yet what China will do with that new investment bank. Will anything change? China has already made huge investments in Africa, paying for roads and ports to ship raw materials to its factories. Will it do anything more than that? So far, this new bank certainly looks like a nuclear bomb, but that doesn't mean China wants to use it to destroy the USA.
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I'm much amazed from this situation. I have yet to see any official reaction from Croatia or Serbia regarding Liberland. If I were to invest there, I would wait till they recognize the new country.
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Use several exchanges. 4 would be nice, not to get noticed.
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No, and I don't want BTC to ever replace fiat. I'll be fully satisfied if BTC would replace credit cards, nothing more.
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7 sq.km is actually quite a lot of area. Remember that countries such as Vatican and Monaco are much smaller when compared to Liberland. Comparing Monaco to Liberland, the latter is having almost 4 times more area. And right now, Monaco is home to some 30,000 people. Therefore, Liberland is capable of accommodating up to 100,000 people.
Monaco has a Prince, the Vatican has a pope, both have centuries of history, monuments and beautiful people. What has Liberland besides mosquitoes? It would take billions to make a nice place out of Liberland, and then Serbia or Croatia would just claim everything is their property. I like the idea of creating a new country, but I don't see it as possible within Europe. |
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You can protect yourself.
I've tuned my browser to block all cookies from google.com and I use startpage.com for my searches.
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That 80% of the police forces only make 5 people, so let's not make wild conclusions. Maybe they were sexists, since the previous mayor was a guy. What I find strange though, is that police forces are not the mayor' servants, they could have lived together. Anyway, that's a huge opportunity for the guy who stayed. Being the only one with experience, he'll be the leader when new people are hired.
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I have never used MtGox nor Coinbase. There are many other exchanges, and there are countries where Coinbase isn't even available... I don't see a centralization coming there, but it's definitely happening in mining. I guess this is due to the actual low price. If BTC goes back to $1,000 there will be new people investing again in mining.
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Nice title, the Soros name grabbed my attention, but George Soros hasn't invested in BTC so far (at least publicly). I wouldn't bet we are at a reversal point. I guess we need something big to happen.
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One of the main problems with swapping out wallets in an exchange environment is the risk that a customer will deposit to an old address
I don't think there's a big risk. I'm making wire transfers very often, and I ALWAYS double-check, or triple-check, the IBAN I'm sending money to. I know that once the money is gone, it's gone for good. So, I'm very, very cautious. |
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