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8821  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin truly decentralized? on: August 13, 2017, 08:23:47 AM
Bitcoin is less decentralized than it used to be but it is still good enough. The hard fork to BitcoinCash is more or less a proof that there are powerful people and miners in Bitcoin who are very unhappy with the direction of the network that all they can do is hard fork away instead of gaining control.

We all know miners want bigger blocks. If the network was centralized, we would have bigger blocks by now

We already have bigger blocks by now

I refer to Bitcoin Cash obviously. This could be thought of as a nice workaround instead of a direct attack against original Bitcoin which would likely hurt it seriously if not kill it on the spot. In other words, the network is centralized (at least, was before the split) but the miners chose by far less risky way to exert their influence since, as I already said, exerting this influence directly would most certainly wreak havoc in Bitcoin, thereby killing the golden goose that Bitcoin has been for the last couple of years
8822  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin Vs Bitcoin Cash on: August 13, 2017, 08:02:43 AM
Lol it's still i would choose BITCOIN the mother coin of all of them hehehe. Nitcoin Cash is just a fork of BITCOIN maybe there's a time that Bitcoin Cash would blow but BITCOIN still the best of them hehe
bitcoin already touched the new ATH above $4000 that was so crazy, but what already happened with bitcoin cash? nothing happen at least the more people want to buy the real bitcoin. the price of bitcoin is really promising right now.

If you look at it that way, Bitcoin Cash started from zero. Smiley
While Bitcoin has reached $4000, the potential increase in Bitcoin Cash is much more. Bitcoin Cash can double in price easily, and people wouldn't be surprised. If Bitcoin reaches $8000, it would be a great deal.

That's the essential gamble with altcoins. Altcoins can 1000x and we won't blink an eye. It would take incredible amounts of money for Bitcoin to do that. So for small fish, it's understandable why we are always on the lookout for promising altcoins: because it's the best way to accumulate more bitcoins.

In general, I agree with your attitude

The only thing which I would like to add is that Bitcoin with its price rising is likely going to behave more like altcoins in the future (at least, in respect to volatility) since higher prices greatly contribute to higher volatility, and thus we could see Bitcoin prices surge as easily as plunge. At higher prices and the same monetary supply, the demand is bound to run dry which sets perfect environment for insane price volatility (according to the Bitcoin Big Rip theory)
8823  Economy / Economics / Re: Is Capitalism Flawed? on: August 13, 2017, 07:17:56 AM
In a capitalist country with 2 million people, all 2 million have the freedom to start a business, innovate, build better things.

In a socialist country with 2 million, only a small fraction will have the freedom to start a business, innovate, build a better product.

Capitalism although not perfect is a superior system for innovation and advancement. This is why russia and china have been forced to adopt free markets of capitalism over time. Its also the reason why venezuela a country rich in oil has suffered by attempting to nationalize toyota and making constant attacks on the private sector under a pro socialist banner which have reduced standard of living to a dramatic degree.

The thing socialism is best for is keeping people from having electricity and modern plumbing the way socialist north korea forces its people to live in an era before electricity was discovered. Socialism is only good for restricting innovation and progress and keeping people enslaved.

That is not true. You only have the freedom to innovate if you have capital to start up a business.

How to get capital?

1) Well either you are born in a rich family ( which most of us arent)
2) You apply for a business loan from a bank

But here is the catch, the bank requires a collateral. So are you willing to put your house as collateral (if you even have one, usually you have that under a mortgage already), given that 90% of small businesses go bankrupt after 6 months or something like that??

I always strongly disagree with this stance

I have already written a good amount on this before, but it seems to be worth repeating again. As I claim, capital is the last thing you need, while the primary thing that you actually want to find first is a selling idea. It could be said that a good idea sells itself on its own. If you have such an idea, investors will be happy to provide you enough capital to bootstrap it. The problem with businesses that go bust within half a year is that they are looking to push forward something which is of no particular interest to ordinary folks
8824  Local / Новости / Re: Крупнейшая биржа Германии оказаль менто&# on: August 13, 2017, 06:48:21 AM
что поделаешь, скоро так будут действовать большинство бирж, ну или будут уходить в тень, вот только доверие к теневым биржам тоже будет соответствующим. мир крипты меняется.
Скоро эти большинство бирж исчезнут, под натиском ДЕХ.

И где он этот натиск?

Единственная валюта, которая более менее поддерживает децентрализованную биржу на уровне блокчейна - это BitShares, но BitShares являет собой контору типа Ripple, т.е. мы имеем дело с потенциальным скамом. Насколько мне известно, ни одна из основным криптовалют не поддерживает DEX из коробки, так сказать, т.е. на уровне непосредственно блокчейна. Кроме того, нам всё равно будут нужны гейтвеи к фиату, поэтому централизованные биржи едва ли исчезнут в скором будущем (хотя лично я только за)
8825  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin Vs Bitcoin Cash on: August 13, 2017, 05:46:42 AM

You wont be thinking of it the same way when the hash power slowly starts to transfer to the Bitcoin Cash chain. Its more of a threat than a spam coin.

But why would it?

If we don't talk about political issues here, why would miners choose to abandon mining of the real Bitcoin in favor of Bitcoin Cash? Wouldn't that mean losing profits? Indeed, if just a few miners switch to BCH, they may in fact start earning more, but, in my opinion, it is not worth it as long as Bitcoin Cash is 10 times cheaper than the real Bitcoin. Anyway, it seems that mining pools like ViaBTC continue to mine both coins, so it doesn't look like any mining pool is going to leave Bitcoin Core mining altogether

Leaving politics aside, BCC could be worth much more than it is today. Let say the price doubles, in a few months, making some miners leave BTC and start mining BCC. Without BCC's emergency difficulty adjustment feature, it will make BTC confirmation time longer and will have to take a longer time to adjust. This will then result in the market reacting negatively

This is highly dubious

First of all, you are assuming that miners (and not just a few individual miners, but whole mining pools) will switch to mining Bitcoin Cash based on expectations of future profits. Personally, I see no reason why they should lose their revenue now in favor of some obscure profits in the future which are in no way set in stone (remember we excluded politics from consideration). Further, the price should rise really high to make your assumption really viable, and not just high in absolute terms but rather relative to the price of the regular Bitcoin (maybe, to at least 1/3 or 1/2). I don't think it is quite likely, and therefore there is no reason for miners to massively switch to mining Bitcoin Cash
8826  Local / Новости / Re: Эксперты Гарварда предсказывают рост це&# on: August 13, 2017, 05:27:52 AM

в таких ситуациях, когда почти ни кто не знает, что и как будет, то лучше выбрать что-то среднее между губительной жадностью и благородным риском
то есть если вы уже и так в хорошем плюсе, то лучше как минимум половину прибыли зафиксировать, а второй половиной уже дальше рисковать
У вас еще просто еще не окрепла психика криптовалютчика.
Обычно все новички считают что фиксировать прибыль - это значит менять крипту на фиат. Более опытные знают, что такая транзакция приводит только к убыткам.

Полностью поддерживаю данную позицию

Особенно смешно выглядят потуги некоторых типа "экспертов", которые (якобы) годами торговали на Мамбе фьючерсами на золото, даллор, нефть и пр., утверждать, что люди торгующие криптой торгуют исключительно ради профита в фиате. Максимум, где у большинства фигурирует фиат - это вывод на фиатные счета ради трат в реальной жизни (ну там на хлеб, молоко). А поскольку люди здесь собрались в целом небедные (я не имею в виду новичков, конечно), то такие конвертации составляют мизерный объём от всех сделок
8827  Economy / Economics / Re: Bitcoin is no longer a currency on: August 12, 2017, 08:00:33 PM
That's true, bitcoin looks like an  asset or share that we have and it keeps increasing it's value when everything is going great, and if there is some problem the price just decreases. We can compare it to a company who is developing quite well now
You may be right, but then what this company produces? Where will the money for its existence? Any investment should stimulate the production. Now bitcoin is more like a pyramid in which people are constantly investing money with the goal of getting rich

Bitcoin is a pyramid scheme right now

Just like any other purely speculative asset is in general. That said, Bitcoin still has at least some promise beyond that of speculation. I refer to Bitcoin use as a payment system, though it seems that nowadays there are a lot better payment systems based on cryptocurrencies out there. Still, it could be said that this company (I guess it should rather be called a foundation) makes payments possible, so it works pretty much like PayPal and other similar payment system or processor (though it uses its own tokens instead of dollars or whatever)


Bitcoin is not a pyramid scheme

And what is it then?

Most people are involved in Bitcoin looking exclusively for profits ("buy low sell high"). This is the primary use case for Bitcoin as it has been for years before and will likely remain that for many years to come. The appreciating asset you refer to is appreciating only because more bitcoins are bought than sold over time, there is no other way around it. And the returns that people earn when they sell the coins for profit are coming from other people's money spent on buying these bitcoins. There is no other way around that either
8828  Local / Трейдеры / Re: Poloniex уже всё??? on: August 12, 2017, 07:38:33 PM
Вроде ситуация разрешилась, надеюсь Полониекс не загнется как горячо любимый btc-e.com. Очень много негативных новостей в последнее время про Полониекс. Embarrassed

Думаю, что это не показатель

С Btc-e, например, вообще ничего не предвещало беды. Разве только за день-два владелец миксера Bitmixer.io заявил о том, что закрывает свою лавочку на том основании, что якобы у него проснулась совесть и он больше не хочет иметь дело с грязными деньгами. Хотя при свете молний становится ясно, что у него у самого руки по локоть в крови. Думаю, что ему кто-то всё-таки вовремя свистнул, что пора сматывать удочки пока не закрыли как Винника. Возможно, кто-то и успел правильно среагировать и резко поменять свою ориентацию



Помимо собственно Битмиксера, конечно
8829  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin truly decentralized? on: August 12, 2017, 07:21:53 PM
Proponents of Bitcoin claim that Bitcoin is a decentralized system. And because it is decentralized, nobody can control it - not you, not me, not the central banks, not the Federal Reserves, not anybody. Bitcoin nodes are distributed extensively and not kept in a centralized system (for instance, in one server) which can be susceptible to hacking or take over. While the inherent system is designed to operate in a decentralized manner, external factors are making Bitcoin less decentralized. Why? Because Bitcoin transaction requires miners to validate and update transactions on the Bitcoin network. To do that, miners need hashpower. The greater the hashpower, the greater control the miner or group of miners have on the system. Currently, Chinese miners control more than 70% of the total Bitcoin mining hashpower in the world, making China the undisputed world leader in Bitcoin mining. Talk about decentralization. According to blockchain.info, 4 (19%) of the total of 21 mining pools control more than 50% of the hashing power, while the rest of the 81% are left with 47% of the remaining hashpower. Doesn't sound so decentralized, does it?

Moreover, Bitcoin developers are controlled largely by Bitcoin Core group that is being run by people hired by Blockstream, a private company. So now, you have bitcoin mining controlled by a small handful of miners and the developers controlled by a group of people belonging to a single private entity. Some argue that this is exactly what makes Bitcoin decentralized because none of them can gain control over it. Really? Because from the outside, it looks more like a company being run by two hard-headed CEOs who are only looking out for their own self-interest. When two CEOs clashes against one another, is that what they refer to as decentralized?

So while Bitcoin's inherent system is decentralized, the governing factors (hashpower dominance by Chinese miners and software development by a small group of developers) makes it less so

I come to disagree with your core statement

That Bitcoin is internally decentralized since it is obviously not. You refer to miners as external factors but they are an integral part of the system which were there from the beginning and cannot made separated from it without destroying Bitcoin itself (or turning it into something else). Thus the miners are something which obviously belongs to the core of the system. So if Bitcoin mining is centralized (as it is today), it could be said that Bitcoin is centralized too (at least, in this aspect), and it is a logical outcome of the flaw in the Bitcoin blueprint or design (if we consider this situation as detrimental, of course)
8830  Economy / Economics / Re: Bitcoin is no longer a currency on: August 12, 2017, 07:15:09 PM
That's true, bitcoin looks like an  asset or share that we have and it keeps increasing it's value when everything is going great, and if there is some problem the price just decreases. We can compare it to a company who is developing quite well now
You may be right, but then what this company produces? Where will the money for its existence? Any investment should stimulate the production. Now bitcoin is more like a pyramid in which people are constantly investing money with the goal of getting rich

Bitcoin is a pyramid scheme right now

Just like any other purely speculative asset is in general. That said, Bitcoin still has at least some promise beyond that of speculation. I refer to Bitcoin use as a payment system, though it seems that nowadays there are a lot better payment systems based on cryptocurrencies out there. Still, it could be said that this company (I guess it should rather be called a foundation) makes payments possible, so it works pretty much like PayPal and other similar payment system or processor (though it uses its own tokens instead of dollars or whatever)
8831  Economy / Economics / Re: Bitcoin the new gold on: August 12, 2017, 06:01:28 PM
I've been analyzing all this happening with bitcoin and I'm coming to the following conclusion:

Before the most important asset was the gold in which everyone wanted and possessed, the governments were displacing gold with money a centralized asset which lost its value day by day.

Bitcoin is an asset that goes up in price for all the features that Satoshi thought and gave to it

Bitcoin has nothing to do with gold

You may draw any analogies you like, here and there, but these two things are entirely different assets with totally different purposes. It could be said that they are conceptually different. Just because Bitcoin price has been surging these days doesn't make it into a new, digitized version of gold. On the contrary, Bitcoin would be new gold if its price (or rather value) were nailed down in terms of purchasing power, but in real life it is as volatile as hell. I certainly understand your euphoria and enthusiasm, but there is little which ties Bitcoin and gold together. In other words, Bitcoin is anything but gold
8832  Economy / Economics / Re: Can bitcoin improve the economy of a country? on: August 12, 2017, 05:49:09 PM
Bitcoin has the capacity to improve the economy of a country because base on the current market value of Bitcoin at $3740 there will be much more money in the hand of Bitcoin holders in the society which will invariably increase their purchasing power. Although It could lead to inflation in an economy but if control by the government the benefits will at the end of the day outweigh it effects on the economy.

Your post is full of misconceptions

First, if 1 Bitcoin is worth 3740 dollars, or even, 374 thousand dollars per coin, it won't change anything since you can't buy goods directly with it, to do that you would have to convert your bitcoins to fiat first (or some payment processing company should do that for you). And while you and a few others may in fact get these exchange rates, if this happens en masse, Bitcoin price will certainly crash, and nothing will be left of this imaginary purchasing power. Further, money as such doesn't create wealth (and Bitcoin is no different in this respect), so in no case Bitcoin "has the capacity to improve the economy of a country" (at least, not as it is now), and still less so because of its "current market value of Bitcoin at $3740". Hope this helps
8833  Local / Новости / Re: Россия собирается превзойти Китай по добm on: August 12, 2017, 05:29:57 PM
Russen Miner Coin собирается собрать 100 млн. $ с помощью ICO, обещая покупателям право на 18% от выручки от добычи в компании.

RMC планирует использовать полупроводниковые чипы, разработанные в России для использования их на спутниках, чтобы свести к минимуму потребление энергии в компьютерах для криптодобычи.

Интернет-омбудсмен Путина Дмитрий Мариничев сказал на пресс-конференции в Москве:
«В будущем Россия сможет завладеть около 30%  глобальной криптовалютной добычи», - сказал Мариничев, добавив, что 10 миллионов долларов из доходов ICO могут потратить на разработку процессоров.

В России имеется 20 гигаватт избыточной мощности, при этом цены на потребительскую электроэнергию составляют 80 копеек (1,3 цента) за киловатт-час, это меньше, чем в Китае, говорится в презентации RMC. Первоначально компания планирует найти компьютеры для добычи на чипах Bitfury в отдельных российских домашних хозяйствах, чтобы бросить вызов Bitmain, используя более низкие цены на электроэнергию в России.

Источник:https://www.bloomberg.com/news/articles/2017-08-08/putin-s-aide-seeks-100-million-to-rival-china-in-bitcoin-mining
Фантазировать не вредно а в некоторых случаях даже полезно. Им наверно кажется весь мир это Китай и Россия, и больше никто не развивает майненг у себя в стране.

Ну а кто ещё реально развивает?

При чём я не имею в виду отдельных энтузиастов майнинга, покупающих (заказывающих) оборудование в Китае, а именно производителей этого самого оборудования. Насколько мне известно, только Bitmain (это контора, которая стоит за пулом Antpool, и контролируется широко известным в узких кругах Джиханом) производит более 70% асиков для майнинга Биткоина. Кто ещё каких знает производителей, которые бы не были расположены в Китае (nVidia и AMD не предлагать)?
8834  Local / Новости / Re: Новый рекорд $117 млрд on: August 12, 2017, 05:14:59 PM
Quote
Немного биток полился вниз, и капа тоже слетела уже с хая(

Капа - это рыночная цена битка умноженная на их количество. Капитализация напрямую зависит от рыночной стоимости, поэтому капитализацию и рыночную стоимость можно воспринимать как единое целое (одно зависящее от другого)

Дьявол, как известно, скрывается в деталях

Сравнение капитализации разных монет в подавляющем большинстве случаев представляет собой абсолютно бессмысленное занятие, поскольку "рыночная" капитализация -  это тупо произведение цены одной монеты на общее число монет, которые типа находятся в обращении. Проблема в том, что у одной валюты может находиться в обращении большая часть монет (типичный пример - Лайткоин), а у других валют - лишь малая часть (например, в случае с эфиром, где 80% всех монет - это жёсткий премайн, захомяченый Бруталиком с подельниками). Поэтому в первом случае цена за одну монету будет меньше, а во втором - больше, хотя в действительности рынок первой валюты может быть намного больше рынка второй валюты
8835  Local / Новости / Re: Украинские силовики начали облавы на майl on: August 12, 2017, 05:02:07 PM
а что они предъявляют в правовом поле этим майнерам?

Какой-то уж совсем по-детски наивный вопрос

Вся Украина уже давно находится вне какого-либо правового поля. Другими словами, это одно большое Гуляй Поле, где власть принадлежит бандам (зачёркнуто) кланам, каждый со своей собственной армией (ну там, клан Порошенко, клан Коломойского, кто там у них ещё есть из олигархов). Если в России есть некий собирательный Путин, ну там Путин и Шойгу, например, то на Украине каждый сам за себя и свой кошелёк. Как говорится, тиха украинская ночь, но сало надо перепрятать
8836  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin Vs Bitcoin Cash on: August 12, 2017, 03:03:35 PM
What do you think of Bitcoin Cash?
Do you think it will have the same value as Bitcoin or it will be just another Alt. Coin in the crypto market?

BCC was created saying that it would be the substitute for bitcoin.But it just remains as an altcoin.Neither bitcoin price has crashed,nor BCC price has raised as it was expected by some people.It would just remain alive only for a few more days and then it would just remain as a n abandoned altcoin.BCC holders have just dumped all of their coins to get some free cash.

Remember that for every seller there is a buyer...

It's early days for BCH - if the mining difficulty drops enough but the price remains stable, I can see some miners switching to mine it. If you are an ASIC miner, there are very few coins you can mine: bitcoin, bitcoincash and peercoin. All the rest are scrypts.
i am not seeing its future. i think this is just a spam coin like other altcoins and nothing to do with bitcoin. most of the people are doing mining of it and yeah it is easy than different altcoin as well but to comparing it with bitcoin is a joke.

You wont be thinking of it the same way when the hash power slowly starts to transfer to the Bitcoin Cash chain. Its more of a threat than a spam coin.

But why would it?

If we don't talk about political issues here, why would miners choose to abandon mining of the real Bitcoin in favor of Bitcoin Cash? Wouldn't that mean losing profits? Indeed, if just a few miners switch to BCH, they may in fact start earning more, but, in my opinion, it is not worth it as long as Bitcoin Cash is 10 times cheaper than the real Bitcoin. Anyway, it seems that mining pools like ViaBTC continue to mine both coins, so it doesn't look like any mining pool is going to leave Bitcoin Core mining altogether
8837  Local / Новости / Re: Bitfinex отстранит американских клиентов от бир on: August 12, 2017, 01:59:27 PM
Теперь американские граждане будут покупать токены где-то на китайских биржах. А вообще в корне неправильный нормативный акт о том, что американцам токены нельзя покупать на биржах, терперь они будут искать обходные пути через третьих лиц.
Большенство американских граждан не будет искать обходные пути и не будет покупать эти токены. Как я понимаю все дивидендные токены будут недоступны для покупок американскими гражданами. Я не знаю для чего правительство америки борется с тем чтобы их граждане не покупали дивидендные токены, но у меня по этому поводу такие мысли:
1. Чтобы инвестировали в свой рынок и не выводили таким образом капитал из страны.
2. Чтобы не уходили от уплаты налогов

Как вариант, ещё защита от произвола иностранных бирж

Cryptsy закончила свою деятельность масштабным скамом, но так как данная биржа была расположена в Штатх, там удалось кого-то даже поймать (хотя самый главный злодей всё равно сбежал) и вернуть часть денег клиентам. С другой стороны, наезд на Btc-e может трактоваться как и предупреждение всем прочим американским инвесторам, чтобы не связывались с нерегулируемыми Биткоин биржами (поскольку достаточно большое количество американских граждан крутило своё бабло на данной бирже). И, полагаю, что не меньшее количество крутит на Bitfinex. Но Bitfinex, видимо, голыми руками так просто не возьмёшь, они уже тёртые и стреляные, поэтому им хотя бы фиатные каналы перекрыли, что шли через американские банки (через небезызвестный Wells Fargo, например)
8838  Local / Новости / Re: Россия собирается превзойти Китай по добm on: August 12, 2017, 01:01:46 PM
Две проблемы дураки и дороги. Майнинг в России? Недавно хотели сажать за майнинг (изготовление суррогатов Grin), а тут уже национальная идея. А как же импортозамищение  асики тоже тракторами будут давить. Очередной распил бабла

На самом деле в России одна проблема

Это дураки указывающие дорогу. Насчёт 80 копеек за потребительский киловатт час конечно повеселило. Специально нашёл последнюю квитанцию за свет, и там почему-то указан тариф больше 4-х рублей за киловатт час (как раз с первого июля тариф повысили). Что я делаю не так и куда мне жаловаться, в Спортлото? Ау, Мариничев, если ты самый умный и читаешь эти строки (ну а вдруг), с тебя обещанные 80 копеек за электричество. В противном случае, ты самый обыкновенный балабол и пустозвон
8839  Economy / Economics / Re: Bitcoin is no longer a currency on: August 12, 2017, 12:09:16 PM
I think it's great bitcoin, though many people assume bitcoin is not a currency. But bitcoin can be used as a transaction tool. And today many countries use bitcoins for payment. Yes indeed bitcoin is a currency that is not in the form of a real. But very high investment values, making a lot of investos for investment in bitcoin. This is the same as the common currency in use for trading exchanges. I think bitcoin is a future way of transaction that will be used in many countries.

But bitcoins are still not currency. No government will allow it. Even Japan doesn't recognize bitcoins as currency. They classify it as assets and not currency. There is a world of a difference if you classify something as cash or property or assets or whatever. At least legally that is. But regardless, bitcoins are indeed useful and it will be bigger in the near future

Are you sure about Japan?

As far as I know, they made Bitcoin equal to other currencies such the Euro or the US dollar, and with it you can pay for goods and services (provided the merchants are willing to accept it as a means of payment, of course). It is basically the same with Bitcoin in Europe when it is considered as just another currency (if my memory serves me right). It seems like you are implicitly referring to Bitcoin as legal tender here, not as a currency in its own right. These are similar but nevertheless different things
8840  Economy / Exchanges / Re: Bitfinex - price manipulation, fake transactions on: August 12, 2017, 11:35:10 AM
It looks like you think that the US is the only pebble on beach or it is the major pebble there. While the latter may certainly be true (to a degree), you should understand that while some countries (in fact, many countries) are ready to lick the boots of Uncle Sam, this is not a universal practice by any means. In other words, the claims of some US agency about money laundering is surely not something to be discarded as a non-event, but they still remain only the claims of just one country (though highly influential). You would need to pass the US Security Council resolution to make it binding to the rest of the world (at least, to most of the world)

The UN has no power to enforce anything, and no power to stop the US from robbing people blind all over the world. Maybe an exchange declared illicit by the US can hide in Iran or Somalia or the like, but I don't see why anyone would use it. Russia -- YES -- but Russia is very unfriendly to crypto exchanges. I guess there's China, but their government has recently taken a very keen interest in Bitcoin and its exchanges too...

You may want to read more about the UN Security Council

Decisions and resolutions unanimously accepted by the permanent members of the UN Security Council are binding to all UN member states. And it is basically the same as US doing anything on their own (what they typically do anyway), but in this case their actions would be agreed upon by all major world powers like China and Russia. So if, say, the latter two support a proposal to universally ban Bitcoin, that would mean that the US has essentially got a carte blanche to do everything they see appropriate in this regard everywhere in the world
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