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On which website can I add MA`s to the graph?
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No matter what caused it to happen. I feel sorry for them, I see it getting even worse personally.
But watching lines of people in this day and age waiting in line to get money from ATM and are limited per day is scary.
I think thats the point. Its a message as to the consequences of a nation`s default. Conclusion = just keep borrowing (fear and insanity) |
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I see it to go up only because that whole greece mess isnt fixed nor it will be.
And now its just a matter of seeing a country fail..
I don't agree with you. Greece was just a spark which started this moon cycle. Bitcoin is now feeded by GREED. i don't think so, bitcoin is not feeded by greece, big manipulator has seen the whole greece exit as the biggest opportunity to pump bitcoin and to catch some newbies fish in the net now that everything is done they have stopped their trap He said GREED. And we all know: GREED IS GOODCalm down Gekko  |
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The EU is not Sovereign and not even a nation, but are telling half the world what to do and everyone must pay them taxes and get their money from them, as debt...
The utter shits. Pfffft |
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If the pensioners cannot get their pension any more, they will starve, and that problem is then solved, no ?
Once there are no elderly and other non producers depending on impossible state expenses any more, because stopping the state expenses for them made them starve to death, the expenses of the state would be seriously reduced no ? Which means that the taxes are not necessary any more, and productive people can start over building up a fruitful economy.
What makes you think it will be the young that will die of famine ? The young are doing the right thing: go to a better place !
Perhaps, but it is not human nature to allow their elders to suffer to such extremes. |
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Openbazar is exactly what bitcoin needs. what WE need. A truly open market. fast. secure. decentralized. free. anonymous. This is the crypto-revolution. This is it!If Openbazaar will be widely used, I am pretty sure that bitcoin will be 3000 USD per coin, let's see how does bitcoin change the world.   This is it? Don't say that. Michael Jackson tried to say that and look what ended up happening to him. |
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This could be accelerated if there happened a great famine, which would exterminate half of the population. Then the economy could start up again. (like during the 13th century in Europe, when the Plague decimated the population, and as a result of that, economy boosted). Do you think that killing half the population will solve the problem? I doubt that. The birth rate has nosedived after the crisis started in Greece. And the death rate is going up steeply. And this means that in the future, there will be too many pensioners, and too few tax payers. Close to a million Greeks of working age has fled the country. The government should encourage them to move back to Greece, if they want to improve the tax collections. Yeap the tax evasion by the big guns is on the Agenda so we hope that the Government can at last implement tax reform and go after those that helped Sink Greece to it's knees..If they really love their country they should be injecting cash into rebuilding it but with another 60,000 companies asking to relocate to Bulgaria to do business, looks like Greeks are not so patriotic as they try to show when going on the streets to protest..Unfortunately Greece needs some stropping patriotism at this time and I am not talking about Golden Dawn style of nationalism either.. I am talking about people who will put money and sweat on the table to rebuild the country and get it going again.. The cow has no more milk to be milked. Patriotism seems foolish to me. You get a leader who you didn't pick, do not admire, do not respect, who is faced with an impossible mathematics problem. He makes demands upon you with threats if you do not deliver. And why? Because you speak with an accent that brands you to a specific geolocation on the planet? Because your education teaches you to be proud of the history our ancestors branded to the same geolocation as us went through? Well it works and I am not immune from it, but logic tells me it is foolish. For instance I love the story that the two finger display of defiance by Brits, commonly interpreted as, "fuck off", originated as a sign of British prisoners of war towards their French captors in order to remind them that they still have both of their bow fingers and that they are still a threat. This really strikes an emotional chord with me, but is it foolish? Food for thought. |
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1.5% is decent no?
Not decent at all, especially when you think how many users they have, and how many "1,5%"'s they take... Aye, but there is no one out there using bitcoin to do anything like 1.5% at present. I'm doing .5%, just in bitcoin only. If you have to pay 1% on either end to exchange into bitcoin, it's a little bit more, but if you get paid in bitcoins or buy them directly with localbitcoins.com, etc. it's cheaper. Bitcoin only transfers cost a penny. How much business are you doing? Perhaps I am missing something, but isn't your service obsolete? |
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More sites would follow this kind of model --> http://bitplay.today/ where kids will play games tournaments against each other for Bitcoin. You would pay a entrance fee, and the pot would go to the winner. Yes but it seems centralised. They can be punished. |
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Reading the quote, I dont think the author meant literally that a bunch of 10 yr olds will be running the economy, I think it was just an example. Sort of like how older generations are in general less computer literate than newer generations.
I never thought that either. My point was that anything technological that is cool and that is going to take off needs to be embraced by teenagers and I thought a discussion geared to how that might occur for bitcoin would be good. Is get gems any use to people who dont know others who are using it? I installed it and I can do Jack with it. |
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I initially wrote this post in response to the below quote from another thread, but I thought it was going a bit off topic for the thread, so decided to start a new thread. The people can perfectly start using BTC on their own, we don't need to wait for institutions to jump in because they will most likely never do it. Anyway, in 10 years, a 10 year old will already know how to use BTC and recieve and send payments. By the time he is 18, do you think he is going to open a bank account? do you think he will like the fees, the waiting 3 days for an operation to get confirmed.. and all the rest of the shitty remarks of the traditional banking system? Nope. Thats how the traditional banking system will die.
What do ten year olds use currency for? The teenage years are an important range I think to become familiar with bitcoin. The world is something else at this age and they always need/want new stuff. When I left highschool napster had begun making waves, MSN messenger was used amongst my friends and mobile phones were part of the craze. Any money which I used in my earlier teens came from pocket money, which would typically go towards a bus journey and a round of pitch and putt with my friends once a week, along with money each day to buy food/drinks at school. Money was not typically exchanged between friends, aside from any gambling game which we might play for small coins, but this was rare. Most of the time all we needed was a ball and we were right. So what are kids going to use bitcoin for today? Buses wont likely accept bitcoins, sweet shops are possibly a bit more likely, but again not so likely and neither will most businesses in the short term. So what will make bitcoin cool to kids? Well the one answer that sticks in my mind is gambling. Social, skill based, gambling. I guess this depends upon the mentality of the child and questions of morality may arise, but yeah gambling on some sort of skill based decentralised gambling app on their smart phone I can imagine many a teenager thinking as being cool. I can foresee kids playing poker against each other in the middle of class getting their phones confiscated along with a detention. "Awwwww Sir!". I don't think many kids playing casino games or sports betting sites will be seen as particularly cool amongst their peers but certainly if something decentralised was made available to them that allowed them to gamble amongst each other I could see that being popular. There would be bragging rights up for grabs. Is there any thing else cooler that kids are going to want to use bitcoin for? Maybe buying a packet of crisps or a can of coke from their friend, but that's not particularly cool, just an opportunity for fledgling entrepreneurs. |
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it will be possible to incorporate in on top of open bazar, therefore it will work as a decentralized market and exchange, the ultimate platform for anything related bitcoin
I think its a bit of a catch 22. You cant get low rate remittances unless you can go shopping with bitcoin. It seems it is some years away yet. Perhaps when inflation is down to 2% |
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1.5% is decent no?
Not decent at all, especially when you think how many users they have, and how many "1,5%"'s they take... Aye, but there is no one out there using bitcoin to do anything like 1.5% at present. |
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He mentions that UK to the Philippines is a major remittance route and bitcoin ATMs are facilitating this today and hints at a 1% fee but I believe that bitcoin ATMs have higher margins than this. If this is happening, where is it happening and how can we speed it up?
The Philippines seems to be a hotbed of BTC activity compared to elsewhere. It's humming along. https://www.goabra.com/ seems to be pushing the remittance angle. I've no idea how many people they've signed up and it's pretty interesting that there's virtually no mention of Bitcoin anywhere but I'll be keen to see how far they get. I am looking more in to this. Thanks for sharing. |
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where do you see 1,5% ? i see a 3,9% fee + they can cheat you with the exchange rate.
Hmmm I worked out the amount to receiver figure as a % of the exchange rate figure taken from xe.com. 7056.82 - 6951.13 = 105.69 / 7056.82 * 100 = 1.4977% You are right though, there is a £3.90 charge and a poorer exchange rate. So I think I understand now that the sender receives a 3.9% fee and the receiver suffers a 1.5% fee on top. Looking at the localbitcoins options I don't think that it is currently competitive for someone looking to remit money to their homeland from a developed nation. I have never seen a bitcoin ATM, but from what I have seen online, they don't typically have very flattering buy/sell margins either. So, if this is something that we are going to do..... what's the plan Andreas? |
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1.5% is decent no?
1.5% is good, the point is, it could be pushed to 0.5% or even 0.1% at a profit for btc businesses. So talk me through that. Whilst bitcoin is not spendable prevalently in the Phillipines there needs to be a third party for the son to change his bitcoins in to Philippine Pesos. A third party that wants to make some sort of profit and also a third party that is exposed, for a certain amount of time to the volatility of the value of bitcoin. There's also the predicament of the nurse needing to convert here GBP in to bitcoins initially. Again this presumably requires a third party wanting to make a profit and that is exposed to risk. I know in the UK that you can buy pretty much instantly from a market place but you are looking at 4%+ for your purchase. Purchasing £100 from an exchange would probably be more expensive due to bank fees and exchange rates and would require a wait of 2-5 working days. I am failing to see how bitcoin can compete with WU. Even if bitcoin was spendable prevalently in the Phillipines, the purchasing cost in the first place is more expensive than WU. |
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I want to understand how it can be as low as 1% Using UK to Phillipines as an example there are two conversions. 1. GBP to bitcoin 2. Bitcoin to Phillipine Peso Todays exchange rate is 1 GBP = 70.5682 PHP So the nurse working in the UK wanting to send £100 home to family in the Philipines would like her son to get as close to 7,056.82 PHP as possible. I was going to write about the two conversion costs necessary, but it kind of seems unnecessary now that I have seen WU's cost seems to be around 1.5% 1.5% is decent no?  |
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I am quite a fan of Andreas Antonopolous. I have seen numerous videos of him on YouTube and his enthusiasm for bitcoin is fantastic. I have heard him say before that bitcoin is a threat to Western union and in the latest video I watched of him (brilliant BTW) he again mentioned Western union. "We are going to see bitcoin impacting remittances long before we see it impacting retail. We are not going shopping with bitcoin, we are taking out Western union." https://youtu.be/SEJGFY0iDUwHe mentions that UK to the Philippines is a major remittance route and bitcoin ATMs are facilitating this today and hints at a 1% fee but I believe that bitcoin ATMs have higher margins than this. If this is happening, where is it happening and how can we speed it up? |
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oooooo I will watch this as soon as I get chance. Thanks for sharing.
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