Blue Frontiers Partners with Kleros to Provide Blockchain Justice on Floating Seastead Communities
The companies will work towards integrating decentralised arbitration into the governance of Seastead communities to resolve disputes relating to virtually any product or service. Kleros is a decision-making protocol which uses blockchain and crowdsourcing for adjudicating claims. The platform connects users who need to solve disputes with jurors who have the skills to fairly settle them. The system relies on incentives backed by the game theoretical concept of Schelling point in order to motivate anonymous jurors to rule cases correctly. Kleros means “chance” in Greek. The system is based in some principles for random jury selection which were known by the Athenians twenty five centuries ago. The result is a peer-to-peer justice system able to solve the disputes of the Internet age in a fast, transparent and inexpensive way. More here: https://medium.com/@bluefrontiers/blue-frontiers-partners-with-kleros-to-provide-blockchain-justice-on-floating-seastead-communities-57344284d73cI think this is awesome. Dispute resolution on the blockchain will be a great addition to seasteading, hopefully eliminating that portion of governance that costs a lot of money for governments currently.
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Is Bitwala still working? After the great debit card purge, I'm not sure it's so easy anymore. Waiting eagerly for new arrangements to regrow a pool of bitcoin card operators.
I left Germany in 2016, I think Bitwala stopped working after I left. After I had my landlord start accepting BTC directly the only thing I used Bitwala for was paying my many speeding tickets. I think localbitcoins is banned in Germany.
It was...sorta. After I used it for getting cash to buy a car I started selling BTC on localbitcoins. Then Germany "banned" it. What actually happened was that they blocked people connecting from German IP addresses. And they locked all of the German listings so you could no longer create new ads or edit your old ones. What this ended up doing was it created a monopoly for me in my area at a high rate of return. While there was competition in the US driving down rates close to a few percent, I had a few ads going from 10% to 15% per trade. I actually only wanted to get a little spending money and spread the word of BTC but having such a monopoly and high rate of return I continued selling, immediately putting the money back into bitcoins after the trade. The Germans knew how to use VPNs. Are you referring to Amazon here? What is in your experience/opinion the best way to get gift cards via btc?
For Amazon I use purse.io for the discount (I had an APO address in Germany, but there was also a way to get stuff at 15% discount on amazon.de). For gift cards there is gyft.com and egifter.com. I prefer egifter because you can get your gift card very close to the dollar amount you are spending. They have 100s of retailers from most chain restaurants to most chain clothing stores. |
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For me I wish people would convert and spend rather than buy, hodl, sell.
The idea of holding means you're resisting the temptation of selling. But if bitcoin is your main currency...why would you ever consider buying some fiat?
Well a lot more people would do that instead of converting back to fiat if you could easily pay your taxes, pay your mortgage, pay bills, buy houses, cars, groceries, etc. with bitcoin. But currently (esp in the U.S.) you can't. And possibly not ever, at least in most first world countries. And in the U.S., the IRS wants to steal their share of any gains you might have. Most peoples' taxes are taken out of their paycheck. With BitWage you can get your paycheck direct deposited to a bitcoin address without your company ever knowing you are getting paid in bitcoin. In Europe I was able to pay bills, rent (until I talked my landlord into taking BTC directly), etc. with bitwala. Not sure if there is a similar service in the US but a quick google search gives welto.io, coinbills.com and coinsfer.com. Buy houses? Something done how often? Every 5 years maybe? Buy a used car with bitcoin or go to the very few auto dealers in the US that accept BTC (again, what...every 5 years? are you holding fiat so you can buy a car?). When I wanted a car in Germany I went to a localbitcoins guy and got the cash to pay for the car. Groceries? Whole Foods, Walmart, Target(do they have groceries?). Gas? Walmart. Restaurant? Buffalo Wild Wings. Everything else? Amazon. I just know the couple of times I visited the US since converting to bitcoin it was sooooo easy. Or are you waiting to only use bitcoin when the store you go to has a QR code? Or perhaps they need to make it easier? Trust me, when you only have bitcoin to spend. You'll find ways to pay for just about everything. (Oh nos! I have to buy a gift card! That's not bitcoin! It allows you to have bitcoin as your main currency and not rely on banks or holding fiat that loses value over time, take the 3% discount through gift cards already). |
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... if bitcoin is your main currency...why would you ever consider buying some fiat?
Probably because Bitcoin is not a main currency. Yet. It can be. At least that's the way I treated it which allowed me to have almost 95% of my money in bitcoins. I was able to live on bitcoin in Germany where it's damned hard. If you can't live on bitcoin in the US you're not trying. |
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This is how stupid Vinny Lingham is: https://twitter.com/VinnyLingham/status/1006899091127746565Never mind the fact that HODL is precisely what gives the exchange value that Bitcoin has today (and every other asset on the planet). And it reduces price volatility. If everyone bought bitcoin simply to turn around and spend it minutes later, effectively having a bitcoin savings net sum of zero, it'd probably have an exchange market value of around $2/btc and that would never change. Not to mention you lose 2% (broker fee) right off the bat just from going through the hassle of buying it, which has to be made back to use as a net zero currency. Meh, I'm not a big fan of the idea of hodling so that you can sell later. For me I wish people would convert and spend rather than buy, hodl, sell. The idea of holding means you're resisting the temptation of selling. But if bitcoin is your main currency...why would you ever consider buying some fiat? |
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2014:  Today:  |
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There is a new video on youtube available with Mark Anielski, author of The Economics of Happiness and An Economy of Well-being: Common Sense Tools for Building Genuine Wealth and Happiness , speaking about lots of interesting topics like - Backing natural assets on the blockchain, Designing bio-inspired systems, The monetisation of natural resources. https://www.youtube.com/watch?v=69BLNB2Q_IQIs Mark investor also or just a person that likes the idea behind Varyon? I'm not sure if Mark has invested. Sounds like he is someone who likes the idea behind Varyon  |
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To anyone thinking BTC price will drop once the USDT shenanigans are exposed:
Imagine there's a small planet of fishermen who use shells as currency. There's a limited supply of shells.
One day an astronaut arrives from an advanced planet; he carries a secret device which allows him to create several fake shells.
For some weeks the astronaut buys a lot of local diamonds (unique and also limited in supply). He pays with his synthetised shells but the fishermen don't know they're fake and thus his market demand drives the diamonds prices up.
One day the astronaut returns to his planet with the diamonds and then the fishermen find out all the shells he gave them were fake and have now turned to ash.
Will the price of diamonds go down?
Nope.
The fishermen will still use shells to buy diamonds, and astronaut gone or not, there's still the same amount of shells around and the same amount of diamonds.
Kinda like the way the wealthy elite have gamed the system to print fiat out of thin air, then turn around and use it to buy real assets (businesses, stock shares, real estate, PMs, etc.) with that printed fake money. The assets themselves never really go down in value, but the fiat purchasing power sure does. One day it'll all hyperinflate and go poof. And then they'll reset and start the game all over again. Not exactly the same; Federal Reserve (and other central banks) do not create money out of thin air as they need to be solvent for what they emit (which with fractional reserve must be indeed only a fraction of their output); they do however profit from the interest generated by this multiplied supply they emit. This interest is "out of thin air" generated revenue - yes. But whoever issues USDT goes even further than this, as they do actually create money out of thin air. Even calling it Monopoly money is a compliment since USDT doesn't even cost paper. How is producing 10 times the amount of money you have...not printing money out of thin air? If not out of thin air, where does the new money come from? |
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Never trust a college professor when it comes to Bitcoin. They are the very very least knowledgeable about Bitcoin in all of the world. They don't just not understand it, their brains believe the opposite of it. |
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You know the signature campaigners must have taken over the rest of bitcointalk if theymos is finally retreating to this thread too.
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Summary of every recent bull chart.
Seems legit. |
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We need to see >7000 for this to apply. We already saw that it was a false breakout. It dipped below just enough time to wait for the big sell-off but people didn't bite. Definitely bullish. |
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All of the Youtubes and professional investors are telling me I should sell.
Has anyone heard what Goldman Sachs is suggesting? If they're saying sell then I'm definitely dumping it all.
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In view of a possible -and extended- cryptographic winter, and the comments and advice that have emerged here about stocking up with enough to withstand the winter, I have the following question arises... how much is enough to live on for a year (mainly considering housing, food , and basic services) in their respective contexts? Other places in the world?
I live in Latin America, and I would say that with 10,000 dollars (or even less) one can live comfortably for a year (taking into account that I am young, I live alone, and I consider myself a minimalist person).
I thank you in advance for your answers.
The US is all over the scale. Rural cities can be very cheap. Big cities are super expensive. |
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In view of a possible -and extended- cryptographic winter, and the comments and advice that have emerged here about stocking up with enough to withstand the winter, I have the following question arises... how much is enough to live on for a year (mainly considering housing, food , and basic services) in their respective contexts? Other places in the world?
I live in Latin America, and I would say that with 10,000 dollars (or even less) one can live comfortably for a year (taking into account that I am young, I live alone, and I consider myself a minimalist person).
I thank you in advance for your answers.
I am currently in Thailand. The 3 bedroom house I'm staying at costs $400 per month in rent. Shared with roomates you could be spending $200 for all of your living expenses and then food would be about another $1-200 per month. Cambodia and Vietnam are even cheaper. I will be going back to Tahiti next week. My rent is around $1300 per month in a house shared with 4 people. Food is incredibly expensive. I usually don't pay attention to prices for food since I don't spend money on hardly anything else so I am willing to spend on the best quality of food. But I glanced at a receipt after going to the store one day and saw that I paid like $20 for a pack of 4 chicken breasts (big organic ones, but still). In the US I usually buy packs of chicken because chicken is so cheap. So I'm definitely spending at least $2k per month there. That's not counting car and expensive gas...I'll likely buy a scooter when I get back. |
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Countdown to the first story of someone who commits suicide due to the price drop. Morbid and sad, but you know it's coming.  If there is anyone out there thinking about it, remember...you have a brain. You can continue to make money in the future. You don't need stuff. Think of it as a fresh start.  |
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The presale is now open to accredited US investors. In the United States, to be considered an accredited investor, one must have a net worth of at least $1,000,000, excluding the value of one's primary residence, or have income at least $200,000 each year for the last two years (or $300,000 combined income if married) and have the expectation to make the same amount this year. |
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Waiting two years is not game over. It’s a minor inconvenience.
Game over for any type of ATH between now and halving. Do not mind the capitulation talk...showing the blood on the streets is a good thing. |
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