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4301  Bitcoin / Bitcoin Discussion / Re: So I told my banker about bitcoin on: January 27, 2019, 12:05:57 PM

Its not like people using smartphone do not know to take advantages of it but some may be using it for other purposes like accessing social media, GPS services, data communication etc. There might be few people using smartphone for banking transactions but number of tech savvy people is increasing day by day and I hope after some years picture will be different, there would be more people associated with crypto currencies.

The irony here is that smartphones became the computers that they never touched in the past (because only geeks would touch those, right?). Unfortunately traditional banking is not suited for wearable devices, while cryptocurrency is. Sure there are apps that bridge the gap, but you can clearly see the difference in safety and cost of transacting in fiat vs transacting in crypto.

As stated by Antonopoulos, credit cards are 50ies technology, and "cheques" and banknotes are as old as the banks themselves...

4302  Bitcoin / Bitcoin Discussion / Re: Do you think Bitcoin matured as a currency? on: January 27, 2019, 11:51:21 AM
In 2017/2018 with the sharp increase in the price to the ATH of $18 000+, people were saying that Bitcoin can never be a currency with that kind of fluctuation and volatility in the price.

In the 3rd & 4th quater of 2018 up to Jan 2019, we have experienced a correction from that ATH and we are seeing much less volatility in the price. <The price hovering between $3500 and $4000>

Would you say that Bitcoin has shed it's speculator skin and emerged as a true currency, after this correction? I think with most of  the speculators left the Bitcoin scene in the last year or so and Bitcoin has truly transformed into a community of people who are more interested in the technology and using the technology as a currency. <This explains the stable price>  Huh

Let's discuss, because I am very curious in what you opinions are about this.


In my opinion the technology is almost complete, it only needs offline transactions and wallets lightning network support. Most of the work remains in the habits of people, especially those living in countries where their fiat is so convenient they still use it even in physical form.

Its not a problem to those of us whose fiat became garbage overnight and you need a pile of paper that you can't even get in the first place to buy common stuff... Here we are 80%ish cashless, with heavy debit card use. And indeed some elderly can't figure how to use a debit card, they lived in a time where our fiat was even stronger than the USD at times... There is this old saying about going to Miami (FL) just to buy groceries and buy twice as needed... (Its cheap, give me two!). So you can imagine that generation here purchasing things like Cars with a few banknotes (think Saudi Arabia lifestyle), after all this country in the 60ies was the world's first oil exporter...

I felt a bit like that two years ago when i visited a neighbor country, and i saw people paying with cash in a supermarket. It gave me nostalgia of how things used to be 10 or 20 years ago... But on the other hand if feels alien (and scary) to use banknotes and coins, i feel like i need to protect them for emergencies as they became scare here last year, and the banks still force you a small limit (around 40¢ in USD) to withdraw cash per day.

So as far as electronic money, we are almost there. I don't feel weird about those european countries talking about going cashless (even before talking about cryptocurrencies) it might perhaps become normal soon worldwide.

Also i don't think the price of a bitcoin is indicator of maturity, unless you mean it remains stable against a solid asset like gold. The USD is still fairly stable but because its going down (like all fiat), bitcoin should (slowly) always be increasing its price, not unlike gold. But to me this is a perception on the people, it is humanity that needs to mature toward Bitcoin, not the other way around.
4303  Other / Politics & Society / Re: Venezuela on: January 27, 2019, 11:37:10 AM
I don't think it is anything to do with democracy. The Chinese have lent large sums of money to the Venezuelan government, and they are secured on assets. This is a known ploy of the Chines, and when the government can't repay, the Chinese claim the assets.

They are doing the same in Africa, Pakistan and wherever they can get away with it. Its called the Chinese debt trap. https://qz.com/1223768/china-debt-trap-these-eight-countries-are-in-danger-of-debt-overloads-from-chinas-belt-and-road-plans/ - its clever if you ask me.


Could be a trap, or could be their plan to remain in power. While North Korea placed their bets only in the military, the Chinese went for wealthiness (capitalism). After all, is not like you are forced to ask loans from them... Venezuela got them in exchange for oil AND supporting their international political position (ie. Taiwan, Tibet, Hong Kong...) during Chavez. But after Maduro did what he did to the economy, even China stopped loaning.

They became an attractive alternative to the World Bank and the World Monetary Fund, with their Chicago school of economy thinking (growth by debt).
4304  Bitcoin / Bitcoin Discussion / Re: Does Blockchain technology could be used for registration of land or property? on: January 27, 2019, 11:29:58 AM
Blockchain tech for buying and selling, Do you think this is a possible approach?

Pros and Cons after implementing this method across the globe. What would be the impact in the market?
I don't see why not. If you want to store records that nobody can to change later, blockchain is for you...
I think of it as a write only secure and decentralized database, tho it could be centralized by using few nodes but that would weakening its security significantly...
4305  Bitcoin / Bitcoin Discussion / Re: So I told my banker about bitcoin on: January 27, 2019, 04:03:35 AM
Hmm lets see:

  • Install Electrum
  • Create a new wallet
  • Write (in a piece of paper) the 12 words and store it in a very safe place
  • Introduce a pin code (twice) to protect it from strangers temporarily using your phone
  • Go to receive so you can show others the QR code of your bitcoin address (if receiving) or
  • Go to send so you can either input a Bitcoin address or scan someone elses QR code (if sending)

That wasn't too hard, wasn't it? Especially considering you will do the first 3 steps only occasionally. Ok, handing a piece of paper or metal to a person next to you is easier but, next time you want to send money overseas, you are going to love skipping all the wire transfer fees and time wasted.

Using Bitcoin, it takes the same time (usually under an hour paying minimal fees) and effort to send the equivalent of 10$ to the person next to you, or 10,000,000$ to another country...
Doesn’t matter how easy it was, I found creating bitcoin wallet was easy too, may be easier than using electrum, but it may not be easier for them, because my grandma would never know how to turn on a TV, I don’t know what’s the problem.


lmfao im guessing they dont know much about how bitcoin wallets work xd never tell anyone to make a wallet for you and to then hand it over
That will be the number one reason they would never gonna use it, because no help would be given to them.

Perhaps there will be a group that will never touch it, same as there was a group that never touched a computer, or before that a radio, or electricity... But time changes everything.

In human history, technology has changed things that up to that point, were tradition. Can you imagine life without refrigerators? Only a century ago those came in use...
4306  Other / Politics & Society / Re: Venezuela on: January 26, 2019, 11:30:38 PM
It seems to me that more serious domestic issues have just been sealed up here in the USA that has now freed up resources to pay more attention to what is going on in Venezuela. While I want Venezuela to be autonomous as well, Maduro is a scumbag, and in spite of me having no trust for them the CIA is not monolithic.

Some times intervention can be helpful if there is a light hand. I think the real issues come when it becomes an issue of dominating, creating endless wars, and removing national sovereignty. We only ever witness the shit shows. There have to be plenty of other successful interventions we have never even heard of.

The 'light hand' is key though, I don't want American boots in the ground where it doesn't make any sense to have Americans on the ground.
If we can't handle the problem through sending foreign aid, monetary payments to support the new interim President, etc --I don't think its a problem we should get involved in then.
My rule is always to try to steer clear of boots on the ground.

Quote
My opinion on the Chinese is: they need a business partner, not an inept that can't run a country and keep it in eternal poverty. I believe they learned the hard way under Mao about the dead end that killing the economy is by sticking to "real socialism" dogmas. They have become pragmatic with the economy and adopted capitalism, without political freedom. Like the United States, Venezuela has the largest debt with China. Under Chávez, the economy in Venezuela looked more or less good, and they started investing and made heavy loans backed with oil, as some correctly pointed, to have a beach head for south America/Caribbean. But under Maduro, everything went to a grinding halt. I have watched the official Chinese news channel (its on the free terrestrial digital broadcast TV) and they don't hide the economy mistakes of Maduro's regime, in fact they criticize it.

My point is, China already invested in Venezuela, and they need the economy of Venezuela to actually work, not fail like it is doing right now. Maduro in 6+ years have shown zero signs of understanding this. In my opinion, under a new government, China will remain and in fact finally start their business (banks, rail construction, etc), because the debt is too large for the transitional government to get rid of them, so its simpler to comply with the agreements and let them do business along the Americans and Europeans who will undoubtedly come (Actually only the Americans left, the Europeans are still involved in the drilling oil business in the Orinoco belt region).

Eh, I don't know about the last part about China. I think China is going to stay neutral in this (though I've seen stories saying they're supporting Maduro) only due to the fact that if Maduro falls, US businesses (and other western nations) are going to come in as they know they'll be able too. Who knows what's going to happen, this is a crazy situation like no other.

Yes China is staying neutral wants to LOOK neutral, instead of supporting Maduro. That says A LOT. If it had been Chavez, they would have reacted like Russia. Unlike China, Russia has almost no investments in Venezuela. Venezuela has bought weapons and allowed a few housing building projects from Russia, but that's about it. They have also loaned very little money compared to China. They have some oil drilling like everybody else in the Orinoco belt region.

As for boots, nowadays you can military intervene without risking a single human (from your side). Aside from the classic manned air strikes, there are now unmanned air strikes. If the EU gets involved, as its starting too look like, then NATO could also be potentially involved; should Maduro remain stubborn. Then you get a repeat of Libya, where they mostly provided support from air while rebels on the ground seized power. The big difference is the Venezuelan opposition is unarmed, unlike the Libyans, so i don't know much about that scenario. But the chance that this could occur, can be enough to crack the de-facto gov. After all, there is unhappiness within "Maduro" ranks, and he has witch hunted and imprisoned 100+ military people. There are even rumors that the ministry of defense could turn at any moment. And unlike Chávez, Maduro is a civilian, and quite inept at commanding or inspiring troops.

The chance is big that this will be resolved peacefully with a strong hand, as in, expect a surrender at the last moment when they see it coming for real. Yes, there could be a few guerrilla groups here and there causing trouble later, but this the transitional government will have to deal with afterwards.

BREAKING 🔴 President Trump's Secretary of State Mike Pompeo makes Unprecedented Move on the World Stage regarding Venezuela at the UN Security Council
4307  Bitcoin / Mining support / Re: Question about powering Antminer S9s in Singapore on: January 26, 2019, 02:34:26 PM
Hair dryer? Please think of them like an air conditioner unit. You see how they usually dedicate a separate circuit for those? Same thing.

An S9 (1400w) can take around 8amps at 208v or 5amps at 240v, so at 230 it would be like 6 i think. But that was before asicboost, they are probably a little less demanding nowdays....

Now of course you DON'T plug BOTH of them on the SAME circuit, you just don't. There is the 80/20 rule as well (don't exceed over 80%, leave 20% margin). If you have a 13amp circuit breaker (with 13 amp rated wiring) that only serves a SINGLE S9 unit, períod.

You may serve two units with 20amps. The L3+ are 800w, you could squeeze two to a single 13a circuit as they should be like 4a each. No, you won't burn your house down if everything was installed correctly, meaning the cabling and circuit breakers. If you foolishly swap a circuit breaker with a higher rated one without upgrading its corresponding circuit wire, then you COULD cause a fire...

Do you happen to have a clothes dryer? those usually have a 30amp circuit, you could power 3 units from that.

Please note that according to EMA, it is currently unprofitable to mine in Singapore. You will lose more money in electricity than what the miners produce at current rates. If your plan is hold for the future, you are essentially purchasing bitcoins.

You will be losing about 4 USD per day per S9. You will also be losing about 2 USD per day for each L3+.
That is, unless you plan to invest in solar panels, etc.
4308  Other / Politics & Society / Re: Venezuela on: January 26, 2019, 01:15:18 PM
It appears the European Union is considering giving Maduro 8 days to call for presidential elections under fair conditions, or else they will support Guaidó. Then it wouldn't just be the United States, but the NATO could get involved as well...

EU drafting appeal for Venezuela's Maduro to call elections

In the meantime, at least the UK, France and Spain are already backing Guaidó, with Germany also sounding so: Guaido versus Maduro - Who backs Venezuela's two presidents?


According to Quartz; "Here’s a list of the countries that have taken a public position on the divided government."

Quote
CountryMaduroGuaidóNeutral
Albania✔️
Argentina✔️
Bolivia✔️
Brazil✔️
Canada✔️
Chile✔️
China✔️
Colombia✔️
Costa Rica✔️
Cuba✔️
Denmark✔️
Ecuador✔️
France✔️
Guatemala✔️
Honduras✔️
Iran✔️
Mexico✔️
Panama✔️
Paraguay✔️
Perú✔️
Republic of Kosovo✔️
Russia✔️
Spain✔️
United Kingdom✔️
United States✔️
Uruguay✔️

It might be worth looking into more closely how the Chinese operate before making any conclusions about sovereignty.

My opinion on the Chinese is: they need a business partner, not an inept that can't run a country and keep it in eternal poverty. I believe they learned the hard way under Mao about the dead end that killing the economy is by sticking to "real socialism" dogmas. They have become pragmatic with the economy and adopted capitalism, without political freedom. Like the United States, Venezuela has the largest debt with China. Under Chávez, the economy in Venezuela looked more or less good, and they started investing and made heavy loans backed with oil, as some correctly pointed, to have a beach head for south America/Caribbean. But under Maduro, everything went to a grinding halt. I have watched the official Chinese news channel (its on the free terrestrial digital broadcast TV) and they don't hide the economy mistakes of Maduro's regime, in fact they criticize it.

My point is, China already invested in Venezuela, and they need the economy of Venezuela to actually work, not fail like it is doing right now. Maduro in 6+ years have shown zero signs of understanding this. In my opinion, under a new government, China will remain and in fact finally start their business (banks, rail construction, etc), because the debt is too large for the transitional government to get rid of them, so its simpler to comply with the agreements and let them do business along the Americans and Europeans who will undoubtedly come (Actually only the Americans left, the Europeans are still involved in the drilling oil business in the Orinoco belt region).
4309  Bitcoin / Mining support / Re: which s9i firmware is best? on: January 26, 2019, 02:24:14 AM
I'm looking at which direction to go when season changes next:  flash bitmains firmware when needed or try braiins.

If braiins is better all around, Have you done one of your video's on braiins?

You should wait a little bit, by the end of the month the next Braiins OS version will come out, and i think they are implementing an "easier method to go back to Bitmain's firmware" which probably involves the Braiins OS web ui, because if you do install Braiins OS right now using their python script (not the Web UI) it is VERY EASY to go back to the original firmware as that script makes a backup first, while the current web ui method doesn't.

Though he hasn't posted any videos, he has posted lots of results, GOOD results. I never expected those S9 to become this efficient AND stable. I see little reason to mess with any other firmware at this point... (And i happen to know results from another person that used it in hundreds of units...).
4310  Local / Esquina Libre / Re: Bitcointalk acepta pagos con Grin !!! on: January 26, 2019, 12:35:20 AM
Estuve revisando esa moneda, es inflacionaria (tipo Dogecoin) y ciertamente en lugar de direcciones blockchain se pueden usar direcciones IP o dominios supongo. se puede minar con CPU o GPU si tiene 7GB de ram (con bminer desde 4GB).

¿Porqué le pareció interesante, tal vez su protocolo?

Tenia ganas de crear un nodo para ver como funciona pero por ahora todo es en Linux asi que no me queda otra que esperar a que salga en windows.
Puedes instalar Linux en una máquina virtual (o una PC vieja/raspi) y listo.
4311  Local / Esquina Libre / Re: A escribir un cuento... on: January 26, 2019, 12:26:34 AM
Érase una vez, una alegre habichuela que quería pitufear en Alemania Oriental. Por ser judía se encontró con problemas de concentración, sufrió dolores. Pero, Adolfo siguió maquillándose. Bitcoin comía frijoles. Frijoles congelados baratos embrujados que emitían más deuda. La prima de riesgo no parecía Batman, sí, pero la duquesa radiactiva mutó, pero nunca vivió expectante.

Ataulfo atajó como siempre, hacer explotar Bitcoin fue imposible durante la batalla de MtGox como otras guerras. Pero, además Ataulfo murió.

Su dinero desapareció hace más de 77 segundos que pudo aprovechar para correr al coche híbrido con ella, su habichuela mágica amarronada. Ella introdujo el Bitcoin por la ranura de atrás y entonces explotó nuevamente su potencia fúnebre. Zombies, cucarachas, banqueros, barqueros, políticos, habichuelas de uranio enriquecido, sucumbieron ante el nauseabundo líder amarillo limón.

Llegaron los socialistas austriacos al turrón, enfadaron al Zorro americano sofrólogo carnicero de Auschwitz, quien disfrutó envenenar por doquier a hadas mágicas, elfos salvajes y hobbits mongólicos.

Finalmente comenzó el apocalipsis. Mt.Gox cerró temporalmente 2 segundos, pero emergió cual reptil godzilliense en carnaval. Aquello fue maravilloso. Luces apagadas, sexo Greysiano y habichuelas.

Satoshi engendró un clon robótico de supernovas amarillas voladoras perfumadas preparadas para amar e hipnotizar a suricatos plumíferos. Delfines púrpuras transgénicos colonizaron Marte y minaron ASICs ultrasónicos. Entonces Nakamoto revolucionó metódicamente sus abrazos especuladores.
Batman estaba todo somnoliento por las amebas afrodisíacas afroamericanas desfogadas, que casi se muere cayéndose con su lapicero oscuro, y pasó a Robin Hood vestido con tremendo maquillaje que casi parecía un payaso, por eso lo sodomizó sin control. Su alpaca Paca Garrapata, también atacó y se murió.

Obama promete espiar a todos sin discriminación mientras se toca el pene. La CIA metía el satélite nuclear dentro del monedero que Merkel escogió para minar, pero Satoshi programó con Buttercoin para obtener mantequilla suavecita y esponjosa. "¿Follamos?", dijo Nacho Nakamoto, encima de Michelle agarrándole una goma. La lengua amputada le exploró y succionó leche blanca de un orificio. Salió corroyendo, entró en barrena, salió rápidamente de aquella bola grandilocuente muy chorreante de mal de Litecoin hundido de repente a capón.

La alegre habichuela saltó un eneldo dando una pirueta y dijo:
¡Arrecia increíblemente estrafalaria moneda!

Cameron Diaz, actriz rubia voladora, subió o levitó hasta follarse un suricato vizco, causándole múltiples orgasmos. Desafortunadamente llegaron a 1000 posturas, pero cuando todo parecía estar bien, los aliens invadieron la tierra.

Después de eso los elfos del bosque llamaron al puerco espín Serafín para salvar La Tierra y lucharon para sobrevivir, pero no conseguían una erección. Entonces masticaron viagra caducada que les inflamó los Borbones reales, por eso al día siguiente comieron eucalipto con sabor a eucalipto reserva aniversario esmegmático, sin embargo este nuevo sabor insecticida con ornitorrincos cornudos parapsicólogos no afables, los convirtieron en estafermos agorafóbicos, además de sentirse como una pequeña Fukushima radioactiva que explotó en despampanantes diarreas sanguinarias espumosas malolientes, trascendiendo lo asexual.

Misericordiosísimamente suicidándose dos testículos, mejorando su acervo infantil. Después parió un murciélago genéticamente hemafrodita, traicioneramente, dejando mella tras una flor violada torpemente, empujando después diecisiete femtosegundos mientras gemía dichoso por haber descubierto fanegas, ahí se vino.

Revivir escupiendo, maravillarse de tal nakamotada, y zumbar duramente, recolectando invocadores facinerosos del norte lejano. Atizar, manosear, lefar, cagar, vomitar, petrificarse, y agarrando pokemones por fin evolucionados hasta las más digievoluciones oscuras, destrozar legendarios sobres rebosantes de ántrax.

Esa AK-47 era vietnamita como su perro, cargado hasta las "trancas" de años luz, disparaba Altcoins pre-minadas y scams. "A minar'' las Maxcoin, dijeron los Winklevoss drogados y recién levantados, adoloridos y resacosos. Todos sus huevos fritos eran blanditos, cocinados y sazonados con rigs a cien grados Fahrenheit, dumpeando todo, hasta murió Chanquete, conocido como friki. Satoshi enloqueció de pena aunque supo reconocer ciertas calvicies chanqueteras cancerígenas de los banqueros oscuros invadiendo todo Gibraltar, obviando bisoñés, corbatas y claroscuros gin-tonic's. La mañana después, mi amanecer resacoso y dolorido se convirtió en habichuelas pirotécnicas que embarazada sufrieron la ira de 177.001 monjas, estaban cabreadas pero seguían masturbándose con un jalapeñito, pequeñito.

                 FIN

EPILOGO: Satoshi Comemokos inventó una nakamoto codificada y abstractamente backdooreada. Causaba sensación en su excesiva artrosis, incluso minando desde el espacio mas cuando Nakamoto él robó caracoles y después no tenía consenso para forkear vilmente el culito del minero patético, cuando este personaje quiso terminar adentro. El minero votó incorrectamente al incremento monetario descontrolado causando cadenas laterales y descentralizó todo cuanto sucedió en el congreso. Aquella misma tarde sustrajo todo lo mangado después largarse con BTC corriendo como el coyote detras del correcaminos cantando desnudo bajo la lluvia loco por tomar Absenta en un craneo rosa. Y Montoro bailando reggaetón con tacones altos detuvo el alboroto insaciable al iniciar la revolución. Mariano barbas hilillos de chapapote. Fue de parranda con una amiga lesbiana extraterrestre que sabía minar con arroz con lechugas naranjas pero murió. Desde entonces no introduce su falo encriptado en el wallet de Paco debido a su algoritmo ciberlésbico minado y siempre frigido excéntrico cuerpo desnudo y lleno de sexo que necesita desahogar y no sabe como lograrlo para tomar su hombría moribunda cubierta de leche agria muy fria gatuna, tipico de ese sentimiento sexual desatado en la soledad.

Arepacoin Editorial Bitcoiniana futbolistica internacional Alemana descentralizada captó que "los bonos" recaudarían muchas personas pobres para impermeabilizar el estadio de fútbol americano.
4312  Bitcoin / Bitcoin Discussion / Re: So I told my banker about bitcoin on: January 26, 2019, 12:17:38 AM
My bankers told me, I need to help them to create an bitcoin wallet and hand it to them, and they’re too busy to learn it and it’s very difficult to use, they don’t believe cash would die, they deal with thousands of clients everyday who need bankers to create banking account for them, and they know a lot of people, despite having a smart phone, are not good enough to use the phone for simple online banking, they are only good enough to make phone calls with a smart phone, they don’t even know how to send texts to friends, they don’t believe their clients are capable to create their own bitcoin wallet and use it as cash, their clients would always come to them for help with their banking problem, and bitcoin didn’t provide any help as friendly as banker, it’s why it would fail to gain their attention. And more shockingly, they’re talking about their clients as young as 20-30s, they’re not gonna learn to use bitcoin, only a handful of very young people are tech savvy enough to use smartphone to their fullest, the rest of them are just like our grandma dealing with smartphone.

Hmm lets see:

  • Install Electrum
  • Create a new wallet
  • Write (in a piece of paper) the 12 words and store it in a very safe place
  • Introduce a pin code (twice) to protect it from strangers temporarily using your phone
  • Go to receive so you can show others the QR code of your bitcoin address (if receiving) or
  • Go to send so you can either input a Bitcoin address or scan someone elses QR code (if sending)

That wasn't too hard, wasn't it? Especially considering you will do the first 3 steps only occasionally. Ok, handing a piece of paper or metal to a person next to you is easier but, next time you want to send money overseas, you are going to love skipping all the wire transfer fees and time wasted.

Using Bitcoin, it takes the same time (usually under an hour paying minimal fees) and effort to send the equivalent of 10$ to the person next to you, or 10,000,000$ to another country...
4313  Bitcoin / Bitcoin Discussion / Re: Bitcoin with capital "B" and bitcoins with lowercase "b" on: January 25, 2019, 11:21:16 PM
New learning.

I just noticed this in the advertising section of the forum.
Quote
The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
Image: http://prntscr.com/mblnlf

Meaning when I am paying someone in Bitcoin then I am sending him bitcoins  Smiley

We are Bitcoiners and bitcoins are our currency.

Yes, coins (currency) are low case, unless its the beginning of a sentence. This is easier to remember in countries that use someone's name as the coin name, because you remember that unless you are referring to the person, you have to use low case.

That is why you are supposed to say US dollar and not Dollar. But of course we have the symbol ₿ (BTC) just like the dollar has $, the euro €, the pound sterling £, etc.

Example: In the Euro zone, they use the euro (€) as currency.

Or: "If I could get 1 satoshi for every time someone mentioned Satoshi, I would be rich!"

Just my two satoshis...
4314  Other / Politics & Society / Re: Venezuela on: January 25, 2019, 06:59:18 PM
What Venezuela has never seen, is a classic liberal system.

Agreed! Is anyone in Venezuela working toward that?

Actually the closest group (political party?) promoting classical liberalism/libertarianism is the one led by Maria Corina Machado: Vente Venezuela. Of course that is a debate for later, right now comes a transitional government. Then, when things calm down, and proper elections are made, this discussion will come to the table again. She does have lots of followers, not sure which group from the opposition would lead later, since right now everyone is united towards the common goal.

So the answer is yes!

Today looking once again heard the news that all the consuls of the United States hastily began to collect their belongings and leave Venezuela.
The situation is quite tense and I hope the fighting will not come. People have always been in conflict and it is mainly their financial situation that is to blame. I hope that everything is solved peacefully and clashes will suffer as less as possible people.

Well, as usual, if you start an armed conflict I think everyone would blame Russia))) It's a classic USA..

No, only non essential personnel are leaving the US embassy.  Funny you mention Russia, as that is one of the few countries backing Maduro (dark purple):

Those in green are officially acknowledging Guaidó as President Interim... Yellow are calling for dialogue, gray have not pronounced yet.

(Thanks freedomno1 for this map!)
4315  Other / Politics & Society / Re: Venezuela on: January 25, 2019, 02:38:37 PM
Every socialist system has this level of incompetency. It's not the leaders at fault. It's the system, time and time again.
I didn't mean otherwise. A free market economy is one of the main wishes for government change (ie. a non socialist gov). The second wish is to stop criminality. When Chavez was in power, the constitution was replaced and the balance of powers skewed (even more) towards the executive. Under the strongman, things more or less worked, but after his death the "appointed successor" (Maduro) destroyed the economy. Before Chávez things weren't perfect either (which is how they came to power in the first place, out of voters anger of the previous system); but in the end they replaced a corrupt "social-democrat" system by a hyper-corrupt "socialist" system. They still think they can command the economy, like the former socialist bloc under the Soviet Union, a mistake that even the Chinese learned to fix, more or less...

What Venezuela has never seen, is a classic liberal system. I'm sure something along those lines would cure things quickly. What Venezuela has always had in its history, is an omnipotent State with powers heavily concentrated in the executive. Of course the opposition is mostly composed by social democrats (not unlike those from the past) which is why the people have lost hope many times (provoking mass exodus), and their inadequate reaction (or lack of action) against socialism.

For instance: in the last 20 years, only a single economist has been in the government cabinet, during the years 2002 and 2003. This person left because he opposed someone's else proposed idea to "control the foreign currency exchange" by pegging the bolivar to the US dollar. As any half decent economist would, he warned then president Chavez against the dangers of what ultimately led the country to this current state. Of course the socialists had their way back then (because "the rich are evil, and the poor want redemption...") and he was thrown away. A decade later, the poor are poorer, and sure there are less rich, but those few rich got richer thanks to the system corruption. For example: Who gets to import the goods the State distributes to the poor? Who gets to transport the goods from abroad? Obviously those few who bribe their way in...

You see Maduro increasing the minimal wage, yet to pay those wages he orders the central bank to "create" money (not even blockchain based money, or paper for that matter), provoking the out of control inflation that has, in effect, reduced the average salary from 250 USD a month in 2008 to 8 right now. What is the point of having such a ridiculous minimal wage? Just get rid of it entirely! Let the individuals choose their wages and working conditions with their employers, a gov should at most ensure any valid contract privately signed between parties is respected by both. But no, Venezuela has a "workers law" with such conditions no business would want to hire anyone, and if they absolutely must, it would be the minimal possible because not only they are very expensive, but almost impossible to "legally" lay off later. End result: Less employment. Who suffers most? The poor, not the rich.

Anything the politicians try to control, ends producing the opposite effect. Fixate renting prices? Make it real hard to evict people? Nobody rents homes anymore. Who suffers? The poor that could barely afford to pay rent, or those who could buy the house? But they fixated the prices in the name of the poor, and they made it almost impossible for the owners to evict non/low paying people to "protect them".

I could go on and on, why all those "socialist" ideas sound so pretty in paper, but end producing the exact opposite effect in the end. Of course we know, we are living it...
4316  Other / Politics & Society / Re: Venezuela on: January 25, 2019, 12:29:58 PM
What are your thoughts on the current situation in Venezuela? I know that Bitcoin is pretty popular there; do we have any Venezuelan forum members?

Guaidó is the most obvious CIA-backed politician I've ever seen, but Maduro is totally evil. I'd recommend that the people of Venezuela find a third option, but between the two I suppose Guaidó is probably better...?

The interventionists in the US government really want to send troops there, so they're having diplomats stand in the crossfire in the hope that an incident occurs and this can be used as an excuse to invade. If Maduro is really careful, this can maybe be avoided, and perhaps he can last a while longer. Even though the US is talking as though they'll militarily support anti-Maduro rebels, I don't think that they'll actually openly do so without something that they can say constitutes major provocation.

Whatever happens, I hope that the situation in Venezuela finally improves. From what I've heard, it's been basically a hellhole there for at least several years.

Yes, I am. Guaidó has the backing of the national assembly, the legislative branch that people voted for with opposition winning by landslide in Dec 2015. That very December, days before the term of the former assembly ended, they hastily (and illegally) put pro-maduro tugs in the judiciary branch, and then proceeded to declare the national assembly illegal, and have ruled the country by executive powers since then.

Next they rigged "elections" for a "national constituent assembly" in 2017, That day vote turn around was minimal, with most voting centers empty the whole day, yet, they declared more than 8 million voted in favor. This is a number higher not only to what Maduro supposedly got in the 2013 presidential elections, but even more than the super charismatic Chávez got in 2012 (who died in 2013).

Once installed, this "National Constituent Assembly" declared itself "above the constitution and any rule of law", and because to them there was no National Assembly took legislative powers, which is essentially anything Maduro and his group wants. So they are in fact a de facto goverment, not de jure.

In 2018 they did presidential elections, not in December as it has always traditionally been, but much earlier in may 2018. Like the previous fiasco, almost nobody showed to vote that day and, of course, he "won" by "landslide" (with 5 million according to them).

Do note the economy starting crashing the day Maduro got into power, since 2013, and living conditions have only got worse ever since. By 2018 2~4million people had already left the country (i forgot to mention this is formerly a 30million people country).

These events were not recognized by the national assembly (that Maduro doesn't recognize) and they have all this years been declaring anything done by the executive invalid, and the executive and its puppet the judiciary appointed by them directly have declared anything done by the national assembly invalid. this brings us to 2019, the last accepted by both term would technically end in January the 10th, afterwards there is no president (the vice-president is appointed by the president and ends term at the same moment).

The constitution states that, in case of absence of the executive, the president of the National Assembly becomes president interim, this is what just happened January 23th, and the reason many countries are acknowledging him as legitimate President of Venezuela.

Of course we know the United States and others have interests here, but considering how hellish the situation has been, i think they would be welcome. The economy needs a 180° turn desperately, it is pointless to give a socialist rhetoric and have the worst conditions the country has seen in a century. A change of government, to pro free market would net us a win/win situation. Continuing this agony everyone loses.

By the way, following the appointment of Juan Guaidó as President Interim by the National Assembly, he has only requested humanitarian aid to the United States. As you probably know, the US Gov has officially acknowledged Guaidó's authority. Maduro in anger, yesterday ordered everyone in the US Embassy of Caracas to leave the country by Sunday. The Trump administration refuses to move everyone out, but has already ordered non-essential personnel to leave. This incident was solely caused by Mr. Maduro and his goons.

At the same time, since Jan 22 there have been protests and demonstrations, similar to 2017 with already 36+ people killed and hundreds detained by the national guard, national police or the urban militias known as "colectivos". There have been clashes, barricades, some looting, its been chaotic especially at night in different cities. Its not widespread chaos at this moment, but with the looming crisis with the United States, people are naturally worried.

I personally expect the Maduro regime to fall into pieces very soon, his support is more show than reality, people are angry and tired, even former Chavez supporters. I think most everyone in Venezuela would welcome a government change, regardless, if only to end this disastrous economy where people are expected to survive with the equivalent of 8 USD a month that becomes 4 USD by the end of the month...

I should probably get myself up to speed on the petro cryptocurrency and the rest of the Venezuela situation and history leading up to this situation.
I have only really been following the breaking news for the last day or so and not yet even today's news since last night.

The people of Venezuela have been in a terrible state for quite a while now so I hope that something there changes for the better.
I'm not sure about the Maduro guy keeping power through what some say was an illegitimate election, I'm not well aware of all of the aspects but he has obviously been doing a piss-poor job.

Guaidó said that one of the first things he wanted to do as president was to hold a new fair election I think. That sounds reasonable.
I joked to my GF last night that if Venezuela gets straightened out after this we should go there for oilfield work for me and marina work for her Smiley

There is not much to say about Petro, except that so far its been a giant lie (and some say State scam). It is (in its latest incarnation, the 4thish) supposedly a Dash clone, modified extensively. The (de facto) gov. has kept all nodes and mining to themselves, and don't release any wallets. All they offer is an online wallet in a single server. They are also dictating the exchange rates, just like they have done to the bolivar. The backing of "a barrel of oil" for each Petro is a promise this government is very unlikely to ever fulfill.

Unfortunately the problems are not just economic, the criminality is way out of control. A new government has this task to tackle as well. But your idea isn't far fetched, you might just want to wait some more time. Venezuela has a lot of tropical sea (beaches and islands), mountains, plains, jungle and even a sand desert, with HUGE tourism potential. Oil in the Orinoco belt is mostly super heavy that needs expensive refining, that's were most foreign companies have their drilling rigs.
4317  Bitcoin / Pools / Re: [0PH] ckpool.org ZERO FEE SPLNS no registration mining pool US/DE/CN on: January 25, 2019, 02:47:33 AM
I will make sure to have some of the hash here at all times  wether renting it or hard iron.

most players should be doing this if they have gear outside china they should point some here
It is simply stupid not to have some pointed here.

Also we are closing in on next jump  and it may be a drop which is helpful

Any numbers you could advance in PH that would be added to the pool from your facility?

I don't understand why the thread title says 0PH when its almost 10PH...
4318  Bitcoin / Bitcoin Discussion / Re: Venezuela - communists are falling, so might btc on: January 25, 2019, 02:31:04 AM
Looks like the political problem might be resolved shortly, if it does btc will fall if currency controls are relaxed and the population feel more comfortable.

even if Guaido proclaims himself president of venezuela, unfortunately Maduro still has support from the military, the judiciary and the police. he has control of many things, this problem will not be solved so soon

Guaido did not proclaim himself, he was proclaimed by the National Assembly, the Legislative branch that Maduro decided to outlaw because he and his group feels omnipotent to do anything they please. The so called "support" is eroding faster than the bolivar, precisely because Maduro thinks the economy is only for imperialist pigs or something.

The situation is deteriorating fast, because many countries recognize Guaido but not Maduro, for example the United States. Maduro in anger just ordered all US personnel from the US Embassy out of the country, but the US gov. refuses to comply because Maduro is illegitimate and lost the authority to dictate Venezuela's foreign policy. In fact, diplomats from various countries are already presenting credentials to Guaido.

So what is Maduro going to do now, attack the embassy? Good luck with that... You will see how truly thin is this "support" Maduro really has. His government is falling to pieces, and he himself is accelerating the process. There are rumors the military might turn at any moment, and the police is a joke, more like a band of criminals in uniform. Oh and the judiciary? Those appointed to the supreme court by him and the 2nd in command? They simply obey because they themselves have criminal records. It is a gang, with boss, lieutenant, tugs, etc.

Whatever happens in Venezuela the effect on bitcoin is ZERO, the OP is wrong.
4319  Bitcoin / Bitcoin Discussion / Re: Should countries accept coins at governmental level? on: January 25, 2019, 01:57:03 AM
Accepting a crypto that wouldn't control?
Forget it.
It would be easier (for a country) to issue an own controlled crypto, as Venezuela did with Pedro.
Do not forget, that National Banks (who issue currency) are private institutions.
Do you get the point ?  Wink

In Venezuela the Central Bank issues money, this is a State owned institution. It absolutely obeys the executive, including the absurd; which is why they are issuing all the money they want without any restrain and for that reason its currently the world's worst fiat, already passing one million percent yearly inflation.

The main problem with Petro is they are treating it the same way. It was pointless to make a digital currency and make the same mistakes they do to fiat. The problem is within their minds, complete disregard of economy principles, pretending they can fix anything by decree.

And this experience has let me believe that the only good currency is one where the government has zero control, such as bitcoin. And like i said before, there are countries that no longer have a national fiat, and are using the money from a third country, so its not like there aren't any governments out there that have zero control of the currency already...
4320  Economy / Services / Re: Yahoo62278 Sig & Avatar Campaign(High merit required)(OPEN) on: January 24, 2019, 09:16:01 PM
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