The https://www.mobileworldcongress.com/ is the largest event of its kind, and there shall be a large "Mobile Money" pavilion this year. Apple Pay, Paypal will be there along all the other big guys in the field, I wonder who will attend from the BTC world? BTC has to be there! |
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laosai and bargainbin
500 euro notes would be useful in paying hotel bills for tourists. Tourists MIGHT be able to convince some hotel owners to charge them less by offering to pay in cash (no 3% CC charges).
Illegal crimes? Crack down on the criminals! Put them in jail (ahh, how many "Rapefugees" are now in jail, hmm?). Criminals commit crimes? Catch them and lock 'em up.
Don't restrict our freedom.
I mean I understand what you're saying but honestly, we (Europeans) absolutely don't care about the 500€ bill. Nobody uses it! I never saw one in my whole life! And I'm not poor, just not using thousands of euros in cash xD I think that's also for that reason that government are starting to question those bills. Just because they're not used, not at all. They are used everyday, it depends in which country you live. If you're a used car dealer, or a shop selling electronics goods in Germany, they have customers paying cash everyday. Also some auctions houses don't accept anything but cash, so if you buy something costing €5,000, €500 bills are handy. |
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Is a printed gun reliable and safe to use? Plastic guns are BS, and even made with metal I would be wary of some home-made printed gun. You need high quality steel to make a gun, and precise manufacturing. Sorry for 3D fans, but I'd rather get a gun from an established manufacturer.
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I'm surprised with this since Germany has such a huge culture of cash. Go to any supermarket, there are more people paying cash than with cards, and several used car dealers only accept cash. It would be sad, with Switzerland, Germany is the last bastion of cash in Europe. I hope this project doesn't pass.
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Hey just wanted to get your thoughts on this. What if I recently published a blog article criticising a large tech corporation where I used to work? Let's say the article was mostly critical of their tax avoidance strategies while giving a bit of insight into how this seeps down into their office culture, day to day operations etc. Crazy thing is I get a big (multiple) btc donation shortly after posting. Who would you suspect of donating the money: hostile foreign government, competitor corporation, random (rich) fan/supporter, radical group etc.? What would you do about it? Aside from spend the money of course  Lucky guy. Where's your article published? I could write large well-documented anti-corporation articles everyday, but nobody has ever offered me any money to do that. Are you sure the 2 are related (your article and the BTC you received)? Very few people send a donation, let alone a tip, after reading one article. |
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How much power do they have? If they choose to raise the block size to 4MB, could they make it just by snapping their fingers?
Also, being a member of Core development is certainly nice and honorific, but it doesn't bring much food on the table. Developers need to have a regular job.
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A few weeks ago, there was a proposal from 3 lone members of the European parliament, but it's much more serious now with this proposal. It's coming straight from the European Commission in Brussels:
Virtual currency exchange platforms can be considered as 'electronic' currency exchange offices that trade virtual currencies for real currencies (or so-called 'fiat' currencies, such as the euro). On the other hand, virtual currency wallet providers hold virtual currency accounts on behalf of their customers. In the 'virtual currency' world, they are the equivalent of a bank offering a current account. They store virtual currencies and allow for their transfers to other wallets/virtual currency accounts.
There is a growing consensus in Europe that virtual currency exchange platforms should be subjected to 'know-your-customer' rules under the Fourth Anti-Money Laundering Directive, which will have to identify and verify the identity of the person exchanging virtual currencies for real currencies and vice versa.
No more anonymous transactions in Europe. That's their goal.
do you have a link dude cheers My mistake. I forgot to add source. This come from here: http://europa.eu/rapid/press-release_MEMO-16-209_en.pdfCheck page 3. Bitstamp have been asking for KYC documents from customers for a while it's a standard procedure when moving money around online so it's not a big problem to get verified but the bad news is if online wallets start to ask for IDs it will be a big bother to move from one wallet to another this way.
I've heard about that. In several countries already, exchanges ask for a proof of ID and various stuff. But this isn't standard procedure in all European countries yet. When I bought BTC via bitcoin.de, they only checked my bank account. |
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Yes, there's oil in South Sudan. That may save them sometimes, but not now. When the barrel goes back to $150, things will change. If it goes to $250, things will change even more. But that won't happen before several years. Thousands will die meanwhile...
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There's a solution. It's possible to renounce US citizenship, and you can walk out without paying that million bucks. But I think it's better to have debt. The average American lives way better than the average Ethiopian or Somali who is totally debt-free.
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Well, this idea is a part of a global Action Plan to strengthen the fight against terrorist financing. With so many people afraid in Europe, politicians may feel obliged to act fast, even if without any hard facts against BTC. I guess there's a need for some BTC lobbyists in Brussels.
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I think they're missing the spot: we are still at the mining era.
This era will last until the 21 million bitcoins come to exist, onwards the tx fees will dictate the market and the hashing power will most likely be way lower.
Blocksize, compression, light chains, whatever scalability solution will come, will handle the tx rate issues.
That's an easy one. We sure may wonder what will happen when this is over, that's a good question, but let's be honest, I don't care about the answer. Really. And nobody here should. We'll be gone when this happens. |
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I guess the guys are too busy designing robot traders. It's also assuredly much more lucrative. How much money can a bank make with a new electronic currency? A distributed, cloud-based ledger? That's less exciting than trading.
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Money laundering is possible with any currency, electronic or fiat. A public ledger can even be useful for money laundering. It's a perfect proof that a transaction was real. What's not in the ledger though, is the proof that some service was done, or that some goods were exchanged. The blockchain is a great tool for creative accounting...
Gosh, I could sell methods to launder money with BTC!
I just purchased ten thousand and eight copies of a book entitled Methods to Launder Money with Bitcoin. Full Disclosure: countryfree may or may not be a nym in my control. @Gleb Gamow! You don't know me. So don't write silly things about me. What's shocking here is that besides, Bungeebones, most people have no understanding of what money laundering is. Laundering $ or BTC is exactly the same thing. There isn't the slightest difference. BTC is not truly anonymous, but that's good. If you want to clean money, you don't want it to be hidden, nor without a known owner. |
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A few weeks ago, there was a proposal from 3 lone members of the European parliament, but it's much more serious now with this proposal. It's coming straight from the European Commission in Brussels:
Virtual currency exchange platforms can be considered as 'electronic' currency exchange offices that trade virtual currencies for real currencies (or so-called 'fiat' currencies, such as the euro). On the other hand, virtual currency wallet providers hold virtual currency accounts on behalf of their customers. In the 'virtual currency' world, they are the equivalent of a bank offering a current account. They store virtual currencies and allow for their transfers to other wallets/virtual currency accounts.
There is a growing consensus in Europe that virtual currency exchange platforms should be subjected to 'know-your-customer' rules under the Fourth Anti-Money Laundering Directive, which will have to identify and verify the identity of the person exchanging virtual currencies for real currencies and vice versa.
No more anonymous transactions in Europe. That's their goal.
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Turkey is a fractured state. 10 years ago, there was a hope the sad days were over with some autonomy to Eastern areas of Turkey, but it's all gone now. Civil war is back on the agenda, and it will take years before some kind of peace can be achieved, if ever. Besides, things are changing in the South, too. The border between Syria and Irak will never again be what it was a decade ago. I don't know how, but several countries will have to be remapped.
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Things are not easy, but ultimately there's a money problem here. You'd want large well equipped armed forces to maintain peace in Sudan, but who wants to pay for them? It's a very large territory, it would take thousands of men and vehicles, but there's no money to finance all that.
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Money laundering is possible with any currency, electronic or fiat. A public ledger can even be useful for money laundering. It's a perfect proof that a transaction was real. What's not in the ledger though, is the proof that some service was done, or that some goods were exchanged. The blockchain is a great tool for creative accounting...
Gosh, I could sell methods to launder money with BTC!
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Hello, bitcointalk!
I have wanted to own a bitcoin business for a while now. There have been services that come and gone in the past but most no one really offers a simple, easy, reliable way for anyone to buy bitcoin using a credit/debit card.
You're not the first one to have this idea, so ask yourself why isn't anyone (that including folks with large resources) offering that kind of service? What you must consider is that you cannot do it all by yourself. You will need to sign a partnership with a credit card processing service. If it was easy, somebody would be doing it, already. |
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Gandi.net also accepts payments via BTC but I don't understand how you can say few people use BTC to pay for their domain names. Do you have any data from a registrar showing how many customers use BTC versus credit cards, or paypal? I wish you could provide us with some info.
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So many critics! Hey, Gavin's trying to help!
He wants BTC to grow fast and big, who's against that? PWC's looking into BTC? I say that's good. I wish EY will do the same because those companies can do a lot to raise awareness and confidence in BTC.
If transactions grow by 50% in 2016, that will be slow growth.
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