Hmm.. that is bad for non-Swiss bitcoin enthusiasts. But still I am happy for my Swiss brothers.

That building is anchored in the ocean bed. But such shallow areas are not available for us. Floating islands are the only option.

Is Rand Paul also having the same opinion about the Bitcoin as Ron? Rand can take up the issue of Bitcoin regularization / recognition in the US Senate.

That is quite one-sided. Most of the crimes against White and Asian people in Apartheid-era South Africa were committed by extremist elements within the ANC, such as Thabo Mbeki. No need in blaming Nelson Mandela for that.

I don't know whether the world police (i.e the US) will allow that. And additionally, the ship-nation will be extremely dependent on the outside world for even the basic amenities (food, clothes.etc).

How much is the wealth tax in Switzerland?

Is it possible for non-citizens to temporarily reside in Switzerland and sell their Bitcoins for CHF?

Not as simple as you think. They'll sue the exchanges and main websites. No one is stupid enough to sue individual miners. Life will be hard without the exchanges and other services.

We should take this seriously. If JP Morgan is allowed to move forward with this step, the legal status of Bitcoin exchanges, and that of payment processors such as Bitpay will be at risk.

RBI is still in the stone age, technologically. Even if they ban the BTCs, I'll be very surprised if they could enforce it.

So...in short, we have good news from Germany and Switzerland, and bad news from India, the US and China.

Media is downplaying the transaction. Look here. Is there any truth in what they are saying?

When did you first hear about the internet?

When I was 13 or 14 y.o. (Late 1990s).

When did you get your first email address?

When I was 19 y.o (early 2000s).

When did you send your first email to someone you didn't know about something you wanted to buy?

Never

When did you first use the internet to chat to someone you didn't know?

In 2005.

When did you first use the internet to do something with your local government office?

Late 2000s. When I was 24 or 25.

When did you first buy something online, and how much did you spend?

When I was 25. Bought one VCD for $2.

The folks behind Ebay are another greedy bunch. I am still mourning the demise of Bitmit. They were a great alternative to Ebay. I don't know why they closed down the site, when everything was going exceedingly well.

Lol... that should be the case. Personally saying, I am not too much concerned whether Bitpay will overtake PP or not (although it will be really good if it happens). If PP reduces their fees in order to be competitive against Bitpay, it will be a great victory for the digital currency.


It'll be interesting to hear your opinion on their fees and other charges.

Afrikaners should be recognized as one of the indigenous people of Southern Africa. But how can anyone forget that Afrikaners were the dominant force behind the Apartheid government (especially after the 1960s, when Anglos waned in power).

While it is true that the OPEC pours billions of $$$ every year to the anti-exploration lobby, the damage it can cause to the environment is difficult to ignore.

Rather than doing anti-environmental practices such as fracking, the focus should be shifted to green energy. I know that there are a lot of arguments against green energy, but most of them are funded by the same people who want the OPEC dominance to continue.

I am still a strong supporter of cane-ethanol.

The idea of micro-nations have been tried before and has failed every time. No country will give a part of its territory away, no matter how poor it is. The Maharishi Mahesh Yogi even offered to pay $2 billion for just a few hectares of land, but even the poorest nations rejected his offer.

Even if some third world country is ready to part with its territory, no other UN member will recognize the micro-nation.

Do you think that the HNWIs will be stupid enough to pay 100% tax? They'll just pack up their bags and move to low-tax countries such as Russia and UAE. Just take a look at what happened in France.

And one more thing. The total taxable revenue for the entire Switzerland is around $300 billion, of which some $120 b is already being collected as tax.

In order to give everyone $2.8K per month:

1. A total of $188 b worth additional taxes should be collected. So the net tax becomes $308 billion, which is almost 103% of the total revenue.

2. Every citizen in Switzerland will pay a 103% tax, all the corporations will pay 103% tax... and even the real estate dealings will be taxed by 103%.

Imagine a situation where someone getting $30 or $40 million in annual salary has to pay all of that in tax, and have to live off the $2.8K you are offering. 

That's what I have been saying all along. Some people want to raise the taxes from 40% to 400%. How is that even possible?

If he is having one million coins, then BTC should reach $1,000,000 mark for him to become a trillionaire. If you ask me whether it is theoretically possible, then I'd say yes.

But the second part, i.e BTC crashing from $1,000,000 to $5. No chance. Not even a slight chance.

The fees charged by Paypal is much more than that levied by Master / Visa. Their currency conversion charges are also ridiculous.

So.... isn't there a chance that if faced with increasing competition from Bitpay.etc, PP will reduce their charges?