The company charges a small fee for the conversion of USD->Bitcoin->Local fiat in Africa, but it's nowhere near the huge fees traditional banks charge for international money transfers.
This is going to be El Salvador again with promised trillions saved in fees and with less than a few million in total transactions. WU, US> Nigeria:  MG , US> Nigeria:  The last is for bank account, for cash pick-up the fee is indeed higher at 9$, but still nowhere near the "huge" fees. Some are really stuck in the '90s. We can now save people sending money back home to Africa billions of USD in transfer fees Yeah right, Nigeria gets an overall 6 billion in total emittance from the US and they will save them billions, while WU and MG were changing less than 2% in fees. Interestingly that while they claim they will save billions in fees they don't whisper a word on what fees they are going to charge, one single example! |
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To be honest, I fail to understand how people want a lot.
What do they want a lot?
Get rich by cryptocurrency
Avoid tax on cryptocurrency
Bigger cryptocurrency adoption
Better regulation on cryptocurrency and better protection for cryptocurrency users, traders and investors
People want: - the coin they hold to gain value against their national currency - not pay any tax on it - use it legally wherever they want - no government should ever inquire about their coins holding nor be able to seize them - the government should be able to refund every coin they lost to a scam - they want the ability to ask for a chargeback but only when they are the senders - all assets in CEX should be insured by the government like bank accounts and so on Or in the shot, a utopia, where only what they want happens, where they have no obligations and nobody can interfere, but at the same time when they make a mistake somebody else should be blamed! That's why no matter what any authority will do or purpose, they will find a flaw somewhere! Oh, and I already know the outcome of this taxation law, I'm willing to bet we're going to have tens of posts on how to evade the tax once this is bill passed. |
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That's easy to understand USDT isn't safe so why don't traders see it?
Why were people still holding Luna while this was crashing and calling it FUD? Why are people trusting Binance #safu when it's clear they don't have the amounts needed to reimburse a bank run? Why are some trusting BUSD when they don't even know where the entity behind BUSD is located? Why are people still holding their coins on CEX even if they don't daily trade and why are some still risking assets for 5% apy? or, and let's go back in time Why were some calling MtGox crash FUD and were still trying to send money to that exchange to get cheaper coins? Each person has their own way of thinking, each one will rust to believe in something and completely deny something else, from religion to the politicians they vote for to the coins they invest, so there will not be a moment without at least somebody claiming that tether is safe, that is backed by something and that we who doubt this are just FUD spreaders and we're doing so because we work for the competition. The same reason people continue to use all manner of unsafe and risky platforms - greed.
Besides greed there is also another reason, some simply don't want to accept they are wrong, so after claiming for years that UST or Binance or Coinbase is safe and that nothing can happen they don't like to admit what they are doing is risky, it has worked in the past, till now everyone who warned was wrong, so they feel like they are right and they will be always right and the rest are simply just envious fear mongers. |
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You are confusing me with your fellow signature campaigners.
Nothing confusing here, we're not an entity or a group with the same opinions, we have a lot of different views on a hundred things. And the best example of all would be the fact that the last cheater who was caught with multiple accounts was exposed exactly because he didn't use a mixer to mix his coins and reused addresses. Again, ironic! I don't advocate that. I am defending my right to go to the ATM and withdraw €1,000, and, yes, the bank will know that I have withdrawn €1,000, but then spend it without KYC on whatever I want.
And who is preventing this? As I said, the irony of double standards, when China banned bitcoin mining everyone was screaming FUD, now an official says something about CBDC, and despite doubts about future plans, and total uncertainty even on the release of this coins we've reached fear level. Why not look from this point of view to previous examples, let's take Sweden, where people are abandoning cahs and, what a surprise, the one raising the alarm is the central bank: https://www.cnbc.com/2018/05/03/sweden-cashless-future-sounds-alarm-bells-for-the-central-bank.htmlSo, leaving aside your personal dislike of the leaders of the EU and of the ECB, how would you see a working CBDC that would be tailored to your needs for privacy? |
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What do you guys think about this?, I really don't know how this makes me feel right now, sad or happy I can't tell, really.
We already have a topic about the World Cup opened in April and is not moderated, so why would we need another one? Nothing to feel sad about, smile, just how you have made us smile with this thing:  How possible is it that two world cup matches are being played at the same time?
Current match I believe is between Iran vs USA, but stake is reporting that Wales vs England match is also live, how is this possible on the same stadium?
Also, what the gambling board needs is not "updates" on what the score was or who was playing but actual gambling discussions, odds, handicaps, sure betting, lay betting and so on before the match starts, the 100 posts on who won the previous game and who scored are just useless quota posts. |
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Congratulations on this but one thing about the sign, you already seem to have a huge banner on the street at the entrance, wouldn't it is better to add a bitcoin sign there too? Cause it will help spread the word to people who just pass by your store, not just the ones that enter to make a purchase. Or, do you think it would attract way too much-unwanted attention there? Knowing that the Bitcoin payment I receive from customers is not an investment but rather my business capital, what I do after receiving payment in bitcoin is convert my capital to a stable coin and leave my profit in bitcoin. I do this to avoid running a loss in my business. If I decide to hold the whole bitcoin and, peradventure, the Bitcoin price drops, I might not have my exact capital any time I want to buy more goods. I wish to ask if this is the right approach I should take given that we are still in a bear market.
But, with this you're again relying on a third party to exchange your bitcoins for the stable coins, you incur fees, and you risk having your accounts frozen, wouldn't be better to consider it an investment or either liquidate the sum you need directly via p2p for the expenses and keep a portion of coins as your profit rather than going for an intermediary (tether) that has no advantage? From my point of view I would simply liquidate 80-90% of the amount received, depending on what your profit take is and how much your running cost is, and keep the rest in BTC as an investment, be it even 1% or 3%. Moving it to a stablecoin that you might need to again convert to cash to pay your suppliers or other expenses seems to me like a useless step. |
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The users in question of buying had decent posts, but nobody cared to send any kind of merit.
Can you point to those decent posts? Cause looking at his history this is all I see: Bitcoin price already touched in 68k+ in 2021 but it early dropped in very next year.Bitcoin staying $40k around this year even April month bitcoin price was around $40k but this month bitcoin price dropped and hold $31k.I hope bitcoin price will be recover in november's month this year.But market condition very hard to predict bitcoin price. I hope bitcoin price will be more grow like 2021.
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I think it will happen coming days.Now market condition very hard and very hard to predict bitcoin price. This month bitcoin price staying $28k-30k.For my experienced,Bitcoin price was under $25k but it already touched in $68k+ in 2021 too.But bitcoin price early dropped in 2022 and bitcoin price was around $40k previous 2-3 month.I hope bitcoin price will be more improve this year and bitcoin will be more grow in this year.
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Bitcoin price early dropped in 2022 and now huge dropping day by day.Bitcoin already touched in 68$k but now it dropped and reached $19k+.Bitcoin price early dropped in this month cz previous month bitcoin was around $37k+ and it was staying around $40k+.I think bitcoin price will be recover soon and bitcoin price wil be more grow in future.
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Bitcoin price already dumped and touched $17k and too early to happen. But bitcoin price early dropped in 2022 and staying 3-4month around $40k+ but last 2 month bitcoin price dropped unrespectable. Bitcoin price touched $68k+ in 2021.we know Bitcoin has always up to a new ATH every dip so maybe we see 75k+ next pump.
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I believe bitcoin price still movement correction. Bitcoin price already touched in $68k+ in 2021 but it early dropped in, 2022.Bitcoin price staying around $38-40k+ long time but it dropped and reached under $18k.I think bitcoin price will be more this year.And bitcoin price will hit $30k again in coming days. Pages over pages of what the price was a year ago and two months ago and ending with the hope of it going up in the future, hundreds of posts with the same structure, the same useless data that nobody needs, the same two or three lines of nothing but you put some numbers there, so it must be a decent post, cause using numbers shows much knowledge. Such wow posts! Much doge impressed! This is the same shit that has been happening in gambling where everyone is posting the current score and the obvious useless phrase that if team A Scores more goals than team B it will win the game and here you go, the quota for the gambling board done without even knowing how to place a real bet. |
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A millionaire who loves bounty hunting.
It's actually worse than that, one had just to screen a bit through his bounty post! It's a millionaire who can't afford "pieces" of bitcoin not even thinking of one coin! This makes me to remember about old days when I first had of bitcoin when the price is till low at that time. I was like it's fraud, it's illegal, it's worthless. When I know the full details about bitcoin it's late the price is up I can't afford even a pieces of bitcoin.
How funny this is, if he could have said he has become wealthy or middle-class nobody would have argued with it, but he had to brag about being a millionaire since 2015, and now, thanks to that stupidity he won't get any merits while we will have to deal pretty soon with another topic dedicated for merit phishing again, as he probably needs that for his bounty mission. I just hate how this forum is filled with fake stories or topics that really belong in some dedicated personal coaching board. Later edit: What did you do on your million? Im assuming its on $ right, but when I checked your profile history it seems that you are still doing bounty hunting for tokens. This is quite weird instead of doing that might learn on trading or put some of that cash on business instead. Thats a lot of money already to do free hunting tokens.
You did raise a point, he didn't say $ he said just millionaire. So, if he is indeed from Nigeria, 1 million would be around 2000 euros, which is a pretty doable thing even with a very small loan and a 2x increase in price. But at the same time, it's not that much of an improvement and life-changing event either. |
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the US investigations only stretch to FTX.us
The US investigations stretch to a range of 1000km from where a nuclear carrier can sail so that's wherever the US wants. Bitmex was based in Seychelles, and nothing stopped U.S. courts to issue a want and then have them sentenced, FTX Trading has filled for a bankruptcy case in Delaware, and by law, the court can order any investigation they want into the miss appropriation of funds, so US authorities can do whatever they want. investors of the global business are subject to the bahama or japanese jurisdictions which is where the "debt" is held for the investors that lost funds in the global group of FTX
And if the bankrupted companies in this case the parent company FTX DM file for chapter 15 in the US, the Bahamas government will have nothing else to do but quietly agree to cooperate in the case as all have done and will do. Henry Ford was famous for saying if the public knew how the economy really functioned, that there would be a revolution by tomorrow morning.
And if everyone getting ready for surgery would have to see the previous patient getting one probably you're going to have a 66% last-minute run out of the hospital without underwear in all the cases. |
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Unfortunately seems like I need a card to read that article about cards Damn paywall. the new generations practically always pay by card, in recent years there has been a sharp increase in this aspect with the Draghi government.
Wouldn't that be more the cause of covid restrictions than the government measures? This is the data for PoS transactions per card for the last 5 years ending in 2021, seems like Italy is just going with the trend that is happening in every country that had low card usage ES 41.3 44.2 48.8 48.8 62.6
IT 34.9 37.3 41.9 42.3 55.7
RO 22.5 27.5 34.1 38.7 48.8
SK 52.5 65.4 74.3 73.1 89.8 |
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It depends where you live. Try to change Maduro or Cuba government... Latin America is not as far from that as most people think.
And China and Russia...
The government in my country is already too much powerful and it interferes a lot in people's life.
Well, you see, neither Venezuela, Cuba, China and Russia are going to use the Euro CDBC, but Denmark might (they don't have the euro) and Belgium will for sure. So when talking about what this means for the average Joe using there we shouldn't start with the things the NK government is doing to its citizens, because if we talk about those countries all the major banks there are owned already by the government so, what would be the difference? And if your government is that powerful, what stops them from just getting the bank data, and then proceeding to fine, raid your house and jail you? Isn't there a government that needs to be changed and not the way a CDBC would be issued and used as no matter what you try to do they can impose everything on you, like swapping your ID card every time when you make a purchase with cash? |
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Something really really bad is going to happen, the signs are all there: I'll bet on a 7.5% drop, let's see if I lost my skills or my quartz ball will still miss this by more than 7.5% altogether.
Previous Retarget: Today at 3:47 AM (-7.3238%)
So, run for the hills, I finally nailed it! I also read some interesting article about Riot, it seems like they had a bad month due to luck variance on the pool they used, despite adding 12% more hashrate, the only made 2% more BTC, and now they are going to switch to a PPS pool. Hmm, Riot claims 7.7 exa, which would be enough for 3% of the hashrate, Brains for 3 months has an average of 4.6%, 4.4% for the last month, and ow that Riot has left they have 7.2% in the last 24 hours, this looks like they've kicked the Binbogami out of their house. But, this is interesting, Riot wasn't using Foundry, is there a list with the largest ones that are using them? Why on Gods little green earth would an operation like Riot pushing 7.7 exahash even use a pool?  ?? Well, why is none of the top US miners running their own pool, other than DCG, Seems weird, if SBI is doing so for 1Exa why is none trying the same? Is this another US thing that has to do with accounting and tax tricks? |
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I think it is important to note here that such a ban could only happen in the event that Switzerland faces major problems with the supply of electricity and that this is only one of the measures they have put on the table, and that the term "nonessential" is also emphasized, which means that the ban would not apply to everyone. The measures that are still being considered are, of course, much broader and even go so far as to reduce the resolution of streaming services.
It can happen in California too, and there was supposed to be a lot of green and cheap energy there but instead, there is no energy, it has the most expensive power rates in the states, and so on. The problems are the same, you can only have one limited amount of energy created with green initiatives, and only during certain times, there is no way to expand hydroelectricity capacity in Switzerland so all they can do is import from others, just like California, but when the others from which you were buying are going the moronic way too, this happens. Does Switzerland even have any refineries for oil to gas?
Just one, close to the border with France on one of the pipelines that bring oil in and next to one of the gas pipe that comes from Germany to Italy but most diesel and gasoline has always been imported from Germany. they say average per person use of electric pre ecar is 0.75kw per day
family of 2 children is about 2kwh a day
Household electricity consumption in Switzerland is 4500kwh a year, that's 13 kWh a day, so you're off by almost an order of magnitude. The average personal car distance driven is 40km a day, so for the most efficient Tesla, it will be 4.5 kwh. So, as usual, you're completely wrong about everything. |
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So, no privacy.
They want us to believe that with the digital Euro there will be privacy because they won't publish every transaction we make with our name and surname on a website accessible to everyone. And no, obviously they are not going to do that so that your neighbour or a thief knows what you spend your money on, but they are going to know 24/7 what you spend every penny on.
And what do you expect from a national currency, seriously? This whole privacy thing gets overblown so easily, you want total privacy as in nobody knowing what you're doing with your money, nobody knows where you're money is going, good, then just one day later the narrative change, what the hell we can't track the government spending either, the gubbermint is doing something fishy!! You have to draw a line somewhere and understand that there is no way this total privacy would work in any environment, you go to a bank you present the ID because without the ID check everyone could come and claim he's you, you run your business there is your name there, you sell a car, you sign for insurance, you buy a pizza the guys know your address. So here, the government and not a bank will know what you have purchased, so instead of two guys there will be only one, and that one will stay as in every single instance there will be someone who knows where your money is going. It's quite ironic when we have a scam accusation in this subboard forum everyone asks for proof, proof you have sent the money, proof of the bet, proof of the tx, document everything, when it's about privacy, no recordings,s no tracking, no nothing, how dare you, infidel! Banks will have reduced usage and we will be easier to be spied by the government.
Who do you prefer to spy your life? The government, or private companies?
I prefer private companies, because they cannot fine me, and they can't break into my house as well.
But, but, banks, money laundering, HSBC, ABN AMRO, fractional reserve, all that stuff... Anyhow, wouldn't it be easier to change the government? I mean, I don't think you can accuse the danish government of leveling people's houses with tanks searching for a stolen bicycle! Anyhow, as I said, quite funny. I want to know where the money from FTX went!!!! The government shouldn't be able to trace any transaction, we need bulletproof privacy!!! |
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It seems she did not go to economics lecture in her class.  Where at one corner of the globe there are nations who are changing their denominations so that they can dig out the black money that is hidden everywhere in the nation and also trying more digital approach: here is PM from most developed countries who thinks that cash is actually the way to avoid money laundering. You've got this wrong, she didn't say a thing about money laundering, her position was that raising the limit slightly won't affect money laundering that much since it will still be low enough and still comparable to other EU countries. She focused on the other aspect, that you're forced to use a credit card or a debit card for payments over 60E even at a chain store, which is a bit stupid, to be honest, I'm in the EU and I can still pay my groceries in cash far higher in value with cash at any store. Now switch from groceries to a night out and you're out of luck since it's highly improbable to come under those 60 euros for a dinner for two persons, so basically, everyone would be forced to have a card. It's one thing to encourage, but it's completely a different thing to apply unseasonable limits, the limits in Italy were the lowest in all of EU and even increasing them they would not be the highest at all, Germany has no limit and is just planning to introduce a 10k one, double the one Meloni is aiming for. Some countries are just bad at digitalizing, and you often need cash there to get by. Italy has been heavily cash-based for a while.
It's not about digitalization, is about the resistance of their own citizen, Italy scores one of the lowest even looking at the number of transactions per card, Germans also prefer cash to cards despite being able to pay everywhere with a card, this is no longer a thing of infrastructure but mentality. |
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Regading the new Bitcoin core version 24 update that implements full RBF as a way to eliminate zeroconf transactions. What would happen to the merchants that depends on zero confirmation to thrive their businesses?
They switch to LN, simple as that. The only reason to accept zero confirmation transactions is to not let your customer wait for minutes or even hours after he has paid for his coffee, pizza, and groceries, holding him hostage till the tx is confirmed. Besides, in most cases, if we exclude tourist hot spots the ones paying with bitcoin are just a few, merchants would know them already as regulars, so what are you going to do, scam a grocery store of $50 and then never show your face again there? Not even mentioning the fact that the business can file a complaint for fraud? It all comes down to a simple thing, will you lose more in revenue from customers, or are losses from theft higher than the profit, merchants always have to balance the pro and cons of everything in their business, and some will get scared after one-two thefts and drop it, some who have just regulars will keep doing so even with this change. Online merchants probably won't even care, they will definitely have the time to stop the shipping, and gambling and exchange sites will just all use the same cooldown some do right now where you're not allowed to instantly withdraw the sum you have deposited despite them accepting zero confirmation deposits and allowing you to gamble with them. |
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I doubt a bit numbers there, Compass mining is having just 80 employees and they have like 75 specialists on their " about us" page. Plus with all their location it would be simply impossible to run that with just 80, especially since they deal with a lot more stuff. Some of them might have subsidiaries as FTX had. Also, two things: 2TM Crypto Unicorn 2022-06-03 86 They are getting another round of lay-offs, seems like the unicorn is not feeling too well, might have to get him to a vet after the coinbase deal failed seems like down is the only way to go. Valkyrie Investments Investment Company 2022-11-15 7 30%
When you suddenly realize that all the promised money is not coming as all your investors lately have backed off their deals I wonder why you still keep any employees at all and not just shut down and run the whole "investment" company on Twitter and youtube from home as that's all she's doing lately. This amount of lay-off also tells another side of the story, all those people were basically earning their wages on the money people were pouring into crypto, they weren't doing anything else, just moving money from A to B and waiting for B to increase in price, I'm pretty sure that while telling people to hold on social media silently they were selling coins to have to pay their expenses. This model is flawed from the start and until you have a bull run and a huge inflow of cash everyone running the company like that will keep firing. Which reminds me of one on the list, Core Scientific: Core Scientific held 24 Bitcoins and approximately $26.6 million in cash as of Thursday. That’s compared with 1,051 Bitcoins and about $29.5 million in cash as of September, the company said in the filing.
If one of the largest miners is liquidating bitcoins to survive, what about the others who don't produce a cent o their own? |
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In my country, Bitcoin still doesn’t have tax because our government doesn’t care about its existence.
Just because crypto is not regulated by law it doesn't mean that the government can't force you to pay taxes on the profits you made, many have called for this, saying that the government doesn't care about coins and then wake up to find letters from the IRS equivalent, as the profit you make is still profit and profit is taxable everywhere. 1. Does this means the government is considering the adoption of bitcoin and other crypto currencies?
2. How has the other countries placed on crypto taxation faired so far?
3. Will its regulation helps speeds up its adoption by people within the country?
1. Tens of countries have established specific taxes on cryptocurrency gains yet are not moving an inch towards adoptions and have no plans on doing so. 2. It depends from county to country, in the ones where people pay their taxes they pay taxes on crypto gains also, in the ones where tax avoidance is a way of life and the citizens split their time between work and figuring way how not to pay of course it's not working that great. So it's impossible to have the same effect in Nigeria and in the US for example. 3. Nobody knows, n one extreme scenario it might actually drive a few to stop dealing with the moment the equivalent of the IRS there starts digging and inviting active traders to have a talk and take their money. The best thing is to ask yourself what are you going to do, are you going to declare all profits down to a penny and pay all the taxes or not? Ask a few friends and if the result is a unanimous NO, then this will of course have no effect whatsoever. And if the government sees that nobody pays, then it might restrict it even more. |
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The family is currently living on 0.3 bitcoin a month — about $5,000 — and they are buying back the bitcoin that they sold when the cryptocurrency was trading at around $55,000 a year ago Hihi, is nobody going to comment on the fact that they he sodl? Some weak hands stuff, anything like this? That family invested everything they had in Bitcoin in 2017, so 10 years is not an accurate figure - because if it were, they would probably be far richer than they are today considering the price of BTC 10 years ago. Apart from mere curiosity about what is happening with that family, their move was strange to most of us back in 2017, and for some it is difficult to explain even today.
They sold all their assets and bought Bitcoin at $900 so they should've made made x50, if the house was even the basic 2 bedroom one they still have a little fortune there. Although, the numbers they give are a bit chaotic, it's 900 buy in but in other interviews, he claims a 2000% profit, which doesn't really match the numbers, or maybe he has lost some since he did invest in tokens. Currently, the Taihuttus keep 27% of their crypto holdings “hot” on centralized exchanges such as Bybit, a platform Taihuttu said is transparent and backed by real assets. He also keeps some tokens on Kraken, since it is one of the oldest exchanges. The family declined to say how much it holds in crypto, but they did disclose that they are shifting $1 million worth of bitcoin, ether, litecoin, polkadot, and other tokens So, if no matter when this was, before or after he moved his tokens he still had at least $300k on CEX, it took a crash like FTX for him to understand it's not a good idea, and he trusts Bybit that much? Real assets? He made a serious move and managed to get lucky at that time, I admire him for the courage, not that I would want to live their live of nomads even for a week but seems like he's pushing it. |
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