We were looking into putting a bitcoin ATM at the airport here.

But again...it comes down to the fact that there is no exchange here. People putting their CFP into the machine and getting bitcoins would mean I would need to take that CFP and convert it to bitcoins.
At the moment the way to do that is to wire CFP into Euros to a bank in Europe and then wire your euros to a European bitcoin exchange.

Same process for getting BTC to CFP.

We already have the government contacts for the seastead. We will see if we can talk to the same folks about allowing a Bitcoin exchange.

Interesting. I did see some kid here use Payeer as his Bitcoin wallet. But I think he used it for some dollar transaction or something.

Edit: After checking it out I can't transfer CFP to it.

I was told there's no local credit cards. Just a bank type of card.

I am starting to realize that the very obvious problem here in French Polynesia when it comes to crypto is that there is no bitcoin exchange here.

I am considering changing that. I will be talking to the heads of the three banks here in Tahiti along with regulators to get a feel for how much resistance I will run into if I put up an exchange.

If all goes well, are there any open source solutions out there to give me a template to get started on setting up an exchange? It would seem that with so many exchanges being hacked there would be some open source out there so more eyes can be on it.

So...how can I access my 513 coins?


Bitcointalk wallet?

At least we're past the Swamps of Anger.

Double bottom perhaps?

Well, I guess that's the end of Bitcoin.

Time to buy bank stocks. I think they're really going to take off...I saw one bank now has $20 wire transfer rates that only take 4 days. What a deal!

I showed my gf how to sell bitcoins on localbitcoins in Thailand. The last few days have been quite active. She made $30-$40 per day the last few days.

Considering the average monthly income there is about $300 she's doing pretty well. She was able to work her way up to 1 BTC while only pulling out money occasionally to pay for things.

Probably better that the weak hands sell off at these prices.

At higher prices their weak hands would have more affect on the price.

Someone said we would go down to $7,200...

some high volume on the dip

I'm a one trick pony when it comes to charts. I look for the closing triangles. This one looks pretty straight forward. In early April we either crash hard or go back into bull mode.

Seems like there are big fast pushes down followed by a slow movement upwards followed by another big push down. It's that trickle upwards that shows what most of the market sentiment is. The big pushes down are either big sell offs or someone trying to make some money on a short.

Looks like we're at the bottom of the cup.

I walked up to some guy with a gun last night, pushed him to the ground and took his wallet out of his pocket. Took half of his money and threw the rest in his face.

Then I went and used half of that money to pay for some kid to take some online courses in basket weaving. The rest of it I blew on hookers.

Was it theft or a tax when I took that guy's money?

I do not consent.

Classic.

The outcome determines the morality of the act.

Have sex with a woman without her consent. She ends up pregnant and the baby grows up to cure cancer.

Was the sex rape?

It is not whether you deserve it or you have a right to it. You have created a private agreement between individuals to do X for Y. That is all. Just an agreement between two people.

If I have bitcoins and want someone to create a painting for me for 1 bitcoin I make an agreement with an individual to do so. The person does it and I send him the bitcoin, what moral right does anyone else have to interfere with this private agreement between us?

The question comes down to "do you own your own body?". If you believe the state owns your body, then you are a slave to the state and nothing you do is your own life, you are merely granted permission to do things by the state. If you actually do own your body then you own the product of your own labor.


Some radical socialists would tell you that you do not own your own body. This is an extreme position.

So many of these peoples' minds are going to be blown away when they start seeing seasteads running their governments with no forced taxation.

"But that's a special case!" they'll say "they don't have a huge military like my country!" they'll say. So many excuses they will create to hold dear to the idea that has been drilled into their brains their whole lives that taxation is necessary for government.

Propaganda since you are a child with your first coin. Spread by our fellow citizens no less.

Many collectivists likely believe that is art.