*music stops*

*stares at Cerbera*

I know adding laws would not help but what would be the ideal regulations for a crypto-friendly nation? Like the most ideal nation that would encourage businesses to move there.

One thing I can think of is not requiring any sort of certifications or licenses to run an exchange. Allowing bitcoins to be used for payment for government services.

There's a way to do it in Germany. Let me know if that's the case. 15% off.

So...theoretically, say you were going to a government with a list of legal changes that would make way for an ideal environment for cryptocurrencies and blockchains what would you propose?

Things such as, no certification requirements for exchanging cryptocurrencies or foreign/domestic currencies...

This was addressed years ago, early on in their deployment. I believe someone was questioned by the police about a package and the item was taken by the police.

After that they created a guarantee on all purchases up to $10,000 and I assume have taken some measures to prevent this. I've used it for years and never had a problem.

Nice. I used to get those rates. Now I settle for around 15%. Mainly because shipping to Korea takes about 2 weeks and people don't want to wait that long to get their bitcoins.

I was going to grab some cash this weekend, Won, as I am getting low but decided against it Saturday morning when I saw the price.

I knew that the low price was due to uncertainty about China even though the news article was just clickbait. It will be up quite a bit more by next weekend.

The answer to your answer and everything is 42 hundred.

Fairly decent system for proving bitcoin holdings. Once a month move of coins. I think a signed proof would work just as well.

Ummm...yes.

You go out and buy $4600 worth of goods...using bitcoin.


Speaking of using bitcoin as a currency...


Theoretically, what would you think about using bitcoin as a reserve currency for an alt coin which could eventually become the currency for a small nation?

I was watching Andreas give a talk about the difficulties of using gold as a reserve due to people going to check the reserves and finding that there is no gold. With Bitcoin you can publicly verify the reserves.
Also, over the years bitcoin's volatility is going down and will only decrease over time as the market cap grows. Currently being less volatile than 20 national currencies.

What might be the best mechanism for ensuring such a reserve as far as people being able to trade their coin in for bitcoins at any time?

Just brainstorming.

Might need to spend the day getting the last of my B*CH over to bitcoins while they still have any value.

Centralized ledgers are always a good idea.

Everything is fine.

Nothing to see here.

Apparently a news article posted a click bait akin to Buzzfeed re-hashing the ICO ban from last week but saying it in a way that made it sound like China was shutting down Bitcoin exchanges.

Ahh...China ban #34. They banned ICOs last week which stopped all ICOs.

So there's a dip...what should we do?

1 satoshi/byte transactions are going through on Bitcoin.

Last night I paid 4 satoshi/byte and my transaction went through in about an hour.

Thanks for the insight from the merchant's point of view.

As someone who tends to spend bitcoins I have been to many shops and restaurants to spend bitcoins in person and I suspect they have similar results. Usually if it is just a waiter or waitress they will kind of know what you're talking about when you say you want to pay in bitcoins but are mainly hoping to go ask someone who knows. Several times I have had them come back and say their system is down (which typically means they had a tablet set up for it somewhere but nobody bothered to charge it, or they have no idea how to accept it if they got the tablet working). I have had to help a few people with their own system to show them how they are supposed to accept it.

From all of my experience I created a prototype of a simple system where it's basically a cell phone stand with one side being the customer view and the other being the merchant view. You just put cheap cell phones (priced them out to $10 each on alibaba) in the stand and allow the merchant to type in the price and let the other phone receive the payment request and display the QR code and price. One USB chord for both to keep it running.

Never did anything with it, I got a prototype of the stand from one chinese company but it was vertical as opposed to horizontal, and life made me too busy to write the software for the phones (bought a couple of cheap android phones to test with). Now it's just a hassle carrying the things around in my suitcase when I move. Also paid for a prototype of a wall mounted Bitcoin price ticker but again, life got in the way. Maybe when I retire next year I can pull these projects out of mothballs.

This. Serfs were basically slaves with the 30% in taxes they had to pay on their wages.