Sweden, Norway and Denmark. All fascist countries. All rich countries. You go to Oslo's airport one Friday afternoon, and it's crowded with people going on week-ends to Southern Europe, but they will all be back by Monday morning, because the people there are unable to live without the safety net from their government (medical insurance and all that), nor the gigantic organization which rules everything in their lives.
If you can avoid to ever travel there, I advise you do. Without or without cryptocurrencies, these countries will ban cash. Cards are already everywhere. If you want to pay cash in Norway, the people look at you like you're some kind of an alien.
Do you think the people in scandinavia love it when they pay between 50 and 60% of their income in taxes so they can have this safety net? I doubt it. Oh yes, they love it. They think it's necessary. I don't know much Sweden actually, but in Norway and Denmark, the feeling of individuality is much less than in America or the rest of Europe. People think they belong to society. |
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I'm still waiting for larger block sizes, or SegWit which could assuredly help on the short term Segwit is an increase in the Blocksize. There is no "larger blocks, or Segwit" Miners, and all BTC developers should understand that BTC's growth requires a growing infrastructure and includes a growing block size. Visa wasn't able to handle thousands of transactions every second some decades ago, but Visa has good managers and they anticipated the growth of the network. BTC needs to do the same. If I'm reasonable, I'd say the block size should be increased 50% each year. What makes you think that blocksize changes are the only way to increase the transaction rate? If you were reasonable, you'd say that blocksize increases should be a last resort, and that anything else that improves the transaction rate should be implemented before that. Yes, Segwit will effectively allow larger blocks, but that's not its main purpose, and the increase is marginal. I want to be reasonable. If we could find a way to - I don't know how - reduce the size of transactions to fit more inside a block, I'd be happy, but if we want BTC's use to increase 10-fold, then 100-fold, we will have to increase the block size, and I don't see it as a big deal. The blockchain will be more than 100 Go in a few weeks, and nobody cares. Why should I care about the block size? |
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The miners are doing everything they can, but that's clearly not enough. Check this one: https://btc.com/000000000000000002e4403e2babdccfe89704277ea48e1ab3ed5957cdfb1f24That block contains 2,469 transactions (is this the new record?), and it's nearly touching the 1MB block size limit at 998,085 Bytes. I'm still waiting for larger block sizes, or SegWit which could assuredly help on the short term, but meanwhile there is no other solution than to go for larger fees, with the risk of making BTC less popular. Miners, and all BTC developers should understand that BTC's growth requires a growing infrastructure and includes a growing block size. Visa wasn't able to handle thousands of transactions every second some decades ago, but Visa has good managers and they anticipated the growth of the network. BTC needs to do the same. If I'm reasonable, I'd say the block size should be increased 50% each year. Nope, saw one by HaoBTC for 3200 transactions yesterday, Theoretical limit is 4200 transactions per block.  3200 transactions, that's impressive, and it's also a matter of chance, as there were very few large transactions in that block. Things look like it's getting better with only 27K transactions waiting as of now, but there might plenty of large ones in that number... Made a SEPA transfer from Switzerland to the UK last Friday morning. The money arrived on Tuesday morning. That's awfully slow but that transfer was free. |
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A BTC gathering? Was that a paid event or an informal meetup?
I believe BTC needs free events to attract as many people as possible. Even more so in poor countries.
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The miners are doing everything they can, but that's clearly not enough. Check this one: https://btc.com/000000000000000002e4403e2babdccfe89704277ea48e1ab3ed5957cdfb1f24That block contains 2,469 transactions (is this the new record?), and it's nearly touching the 1MB block size limit at 998,085 Bytes. I'm still waiting for larger block sizes, or SegWit which could assuredly help on the short term, but meanwhile there is no other solution than to go for larger fees, with the risk of making BTC less popular. Miners, and all BTC developers should understand that BTC's growth requires a growing infrastructure and includes a growing block size. Visa wasn't able to handle thousands of transactions every second some decades ago, but Visa has good managers and they anticipated the growth of the network. BTC needs to do the same. If I'm reasonable, I'd say the block size should be increased 50% each year. |
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$900? How many rupees does that make? Is that when paying with those banknotes the government has said they're now worthless, unless changed at an offical bank with tough AML requirements?
I guess all cryptocurrencies and all foreign currencies are much wanted anywhere in India, with many buyers willing to pay much more than what they're worth, if that helps them getting rid of old worthless banknotes.
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Sweden, Norway and Denmark. All fascist countries. All rich countries. You go to Oslo's airport one Friday afternoon, and it's crowded with people going on week-ends to Southern Europe, but they will all be back by Monday morning, because the people there are unable to live without the safety net from their government (medical insurance and all that), nor the gigantic organization which rules everything in their lives.
If you can avoid to ever travel there, I advise you do. Without or without cryptocurrencies, these countries will ban cash. Cards are already everywhere. If you want to pay cash in Norway, the people look at you like you're some kind of an alien.
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Anyone can buy a house in the US, but that may change your right to a visa. You go there with a tourist visa, you buy a house and suddenly you're not a tourist any longer. It's OK if you're over 50, as they will think it's a second home, but you have to be cautious.
But isn't buying a house involves a lot of paper work and then they will see that you are not a citizen and thus have no right to buy a house in the USA? I mean I don't know for sure about the USA but where I live it's impossible to legally buy a house if you are not a citizen. There's no problem in not being a citizen. In some places, it's very common. In Florida, there are buildings and even some neighborhoods where most landowners are foreigners. But owning a house doesn't give you the right to live there permanently, nor to work. |
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Anyone can buy a house in the US, but that may change your right to a visa. You go there with a tourist visa, you buy a house and suddenly you're not a tourist any longer. It's OK if you're over 50, as they will think it's a second home, but you have to be cautious.
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Terrible news but it was bound to happen. That's the power of governments. They say they act to help or protect people but while doing that theirs stupid policies also cause some unfortunate poor people to die. I hope the parents who've lost a son will have the courage to bring the body to the house of the prime minister. Because he could have allowed hospitals to accept any currency. I see Modi as 100% responsible of this death. |
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Indians queuing to exchange their cash  Hey, what are you doing, today? I'll spend the whole day at the bank, exchanging my cash... Governments have such a twisted mind, they have invented the concept of black money (or dirty money). Money which is earned the usual way, by hard working people, but the government wants its share of it, just like the mafia, you know. So, it resorts to extortion, by forcing people to come out with their money, so the bad guys can get a piece of the cake. |
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This has nothing to do with BTC nor its values, which are freedom and decentralization. This is about centralization, and tracking of all foreigners visiting the country by recording all their moves in a blockchain.
It's not a game, except for the rulers who will have all the foreign visitors on a virtual leash.
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It's really scary when you think of it. I've got quite a few banknotes in my pocket, it's money but the government, with a snap of its fingers, has the power to make them worthless. So Indians will have to the bank, and explain where the money's coming from. And the more you have, the more questions there will be to answer. Is this a free world? I'm glad not to be in India!
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This isn't a war against cash, it's a war against the people. The Indian government will introduce a new larger Rs 2,000 banknote. What that fascist government wants is to know who has cash, lots of it. But it's not a choice for millions Indians who do not have a bank account, nor an official address to open one. This is what governments do: they make life miserable for millions.
BTC is a great tool to fight governments, I hope many Indians will have the opportunity to exchange some of their old notes with BTC.
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No, I don't expect that. The 32 Go SD-card on my phone is nearly full (maps taking the most space), and I can't imagine storing the blockchain on ther, even with a 256 Go card. Another issue is data transfer. That cost money, you know. And running a node supposes a permanent Internet connection, that's rarely the case on a mobile. When I'm in the city, I'm taking elevators, I'm going into buildings or basements, when in my car I'm driving through tunnels, so my connection is cut several times a day. You can't run a node like this.
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Interesting. I'm not sure it's very useful, but interesting. I've been there some years ago. It's a passage with expensive shops for financially well-off people. I'm not the kind of person who's shopping there, but you have to start somewhere. The best thing in my mind is that it's in the heart of Paris. The historic buindings of the "Banque de France" and the stock exchange are very close.
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I'm not sure this will be successful. Italians love cash. Paying a cab with a credit card is abnormal there. I think most drivers can't even accept cards. They want cash. Buses in France are more promising as those tickets are bought online, at home. I think it's not even possible to buy a ticket in the bus, it has to be done online.
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Well, I've tried to sell some BTC with localbitcoins in 2 different cities. Once in France, once in Spain. I wasn't hungry, I chose to sell only 4% above spot. I didn't got a single request. Not an email. I've also tried many times to explain BTC to people I met in bars, or anywhere. People are interested, but when I propose to sell them some, they say tthey need to think about it. It ain't easy to run a business... I guess that if I were to open a shop, I would sell sodas or anything that people do not think about it.
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He should reorganize so that he can have sex closer to home, allowing to say that he'll be home within 10 minutes. I guess it was easier when he was at the white house, that's where he met Monica Lewinsky, isn't it? Sex at work...
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Those stupid muslims! Irak is a war-torn country, with thousands fighting for their lives, while million others are struggling to make a living, and what is the iraki parliament doing? It just passed a law to make it illegal to sell, to make or to import any alcoholic beverage.
What a sense of priority!
the Islamic State prohibits the use of alcohol, cigarettes and other drugs. I am surprised to know that the government of Iraq did the same thing when the Constitution recognizes the rights of non-Muslim minorities and ethnic groups living close to the Islamists in Iraq it would be unconstitutional? this law takes away employment of many people. How the government intends to compensate these people? I'm not expecting any kind of compensation. Those people have just lost their income, and their job. Maybe the wine producers will try to make fruit juices... Production is illegal, so they cannot even produce for export. This just shows that the Iraki government doesn't care about its people. |
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