Pure disinformation. There are way more poor in China than in the US, and there's hardly any poor in the US. The poor, the real poor, those living with less than 2$ a day, there are millions of them in Africa, I have yet to see one in America.
North America is home to some of the 10% poorest in the world and 30% of the richest. cryptocoinsnews says! Sorry but that's all wrong. The guy who wrote that doesn't anything poverty, nor the world.
True. The main points they are trying to make are terrible but I think its more based on misinformation than propaganda. I mean if there's over 1.1 billion people in China, how could they possibly have fewer poor people than a country less than 1/3 their size? Size and poverty are not always related. Ethiopia has about one quarter of the population of the US, and yet, it has way more poor people than the US. And believe me, the poor Ethiopians are much, much poorer than anyone in the US. In most of rural Ethiopia to be rich means to have electricity. There are entire villages where running water is a luxury. |
|
|
|
Easy. I explain.
We remove the 1MB size limit, and replace it a first limit stating that a block cannot be completed in less than one hour, and another limit saying that a block cannot take more than 6 hours to complete. The software would not be allowed to run after that time limit, it would be terminated, and the result would be a new block.
As computing power increases, size of blocks would gradually increase.
the difficulty is important as it makes it harder for someone to manipulate transactions because of the hashes needed to create a block. but by setting a 1 block per hour limit, will make the difficulty drop. because bitcoin is SUPPOSE to be 10 minutes a block not 60mins per block.. ...after months of difficulty drops because there is a change from 6/hour to 1/hour.. many people will think that they can mine using just 1ghash instead of 1petahash.. which is kind of true.. but they are not mining for an hour to get a difficult puzzle solved.. they are mining random/meaningless crap, and then when it hits the hour acceptance time.. it is then 'fastest finger first' lottery. unrelated to a difficult puzzle the end result is that the difficulty is so low that even if 1 million people just had a 1ghash miner.. only one miner wins per hour. and the hash protecting that block would be soo low on nonce that it will not be as secure.. and because only 1 person who is only mining using a 1ghash miner wins.. costing him $1 in electric. he will sell the 25 coins for $2, making bitcoin worth less than 10c each. and then because he has to wait a million hours he and many others wont wait around on meaningless hashing. as its no longer a meaningful puzzle but a hourly lottery that anyone can win.. so after months the hype will die down. there will only be like ~12 miners. just fooling around to make 2 blocks a day with the hope that they could sell the coins for a total of $50, for a days wage. and with as i said before a crap difficulty.. mining farms will then start making their own changes(forks) to the blockchain to fake transactions into their own pockets and then attempt to manipulate it so that they get rich.. which in short is not protecting the network and not making fast transactions and not a fair way to mine.. no one benefits. it would kill the price, it will kill customer waiting times.. totally ruining bitcoin. My examples of one hour minimum time and 6 hours maximum time were only examples. Nothing more. I could have wrote 7 and 27 minutes. Then I shall remind the people here that there are blocks with zero transactions, and the network processes them. So there would be no need to make fake transactions. A time limit would also make for a very regular block rate, even though it's not much of a problem. Anyway, I'm just trying to bring new solutions to the difficult blocksize issue. If this is a bad idea, that's OK with me. |
|
|
|
|
Easy. I explain.
We remove the 1MB size limit, and replace it a first limit stating that a block cannot be completed in less than one hour, and another limit saying that a block cannot take more than 6 hours to complete. The software would not be allowed to run after that time limit, it would be terminated, and the result would be a new block.
As computing power increases, size of blocks would gradually increase.
|
|
|
|
The gemini exchanges doesn't have a stable marketing strategy at the moment.
I think they do. Their plan right now is to appeal to the guys who would never have bought BTC via localbitcoins or through a small exchange whose reputation isn't well established. The bros make BTC available to all investors, even those who don't like to get their feet wet. They're doing some good! |
|
|
|
as if teenage boys need 10 minutes
So there's money to be made here. I'm thinking APPS. The app would say "Oh yeah, baby" or "Fuck Yes" or "No way, not for you!" << add your choice comments>> every 9.5 minutes. I realize this might disrupt a few high school classrooms, but what's a kid to do? Of course this app would have to be turned on during the class in which the beady eyed Scroggins of a teacher was lecturing on about verbal approvals during sex. Nice idea! That way, it will possible to rate sex partners. Girls will be bale to check the sex history of every guy. One guy has got 6 Yes in a row? He's got to be good in bed! One guy never gets a second Yes? He's a total loser. It will be good for guys, we'll be able to see what girls always say Yes. |
|
|
|
|
There are still dark shadows over BTC because of the current small size of blocks. I wonder if it could be possible to remove all size limit, and have time limits instead. There shall be a minimum time, and a maximum execution time, to make a block. Then blocksize would rise with computing power.
I'm sure it can be done, but I wonder if would be smart. Open to all comments.
|
|
|
|
The author uses the terms "trades" and "transactions" interchangeably, but they must be referring to just trades. The article does contain some interesting insights into the distribution of wealth worldwide but the author fails to realize that a bitcoin transaction doesn't involve any currency other than bitcoin. "This Country Has Fewer Poor Than America, 80% Of Bitcoin Transactions" https://www.cryptocoinsnews.com/america-china-bitcoin-transactions/I didn't know that website, but I now know I'll never read again anything from it. Pure disinformation. There are way more poor in China than in the US, and there's hardly any poor in the US. The poor, the real poor, those living with less than 2$ a day, there are millions of them in Africa, I have yet to see one in America. North America is home to some of the 10% poorest in the world and 30% of the richest. cryptocoinsnews says! Sorry but that's all wrong. The guy who wrote that doesn't anything poverty, nor the world. |
|
|
|
I think you can't buy stocks from regulated markets with bitcoins. With dollars you need to register on a trader or investing bank, how do you do it with bitcoins?
In some countries, you may form a trust or a company. In some other places, the broker may hide your identity, and all your investments will be done under his name. It's getting more and more difficult though, with the ever growing AML and KYC regulations. |
|
|
|
|
Cuban forces? Long time I haven't heard of them, but I see a logic in sending them to Syria. Obama has said he won't send American troops on the ground, and Putin said the same thing with his Russian troops, so we see the vassals taking their place. I just wonder whose foreign army will America choose.
|
|
|
|
|
I think we shall help them. They're helping BTC a lot. If I meet someone American who is unfamiliar with BTC but would like to get into it, I'll happily recommend Gemini. They're assuredly the safest and cleanest place to buy BTC, right now.
|
|
|
|
|
Is there anything new? There are several similar third party plugins available, right? I guess someone should make a comparison test between all of them. That would make a nice article. Who will do it first, coindesk or cointelegraph?
Well, maybe it has already been done.
|
|
|
|
How is this ok glad I live in the uk.
I’M A STUDENT, AND I TOO DECLINE TO ATTEND ‘CONSENT CLASSES’(UK)I am not a rapist. But I’m in my second week as a university student, and already modern feminism and “consent culture” is trying to pin that label on me. The University of Warwick Student’s Union has set up classes called “I Heart Consent,” apparently aimed at teaching young people about how to get it on without accidentally raping their partner. I say people, but what I mean is men, because as all of today’s mainstream leftist ideologues know, men cannot be raped by women. When women do it, it’s called “non-consensual sex.” George Lawlor, a reporter for The Tab Warwick, has been first to publicly rebel against these finger-wagging tutorials. Now I must add my name to what I am sure is a growing list of understandably aggrieved young men. These classes are useless, and may even be damaging. How many rapists are going to stop raping people because some pretentious student told them that “Yes means Yes”? Any at all? And why would any normal, right-thinking man attend a class that demonises them and normal, healthy male sexuality by pretending that all men are latent rapists who would take advantage of women if they thought they could get away with it? Consent classes aren’t compulsory — yet — but it is heavily implied that attending them would be A Good Idea. At the Sports Fair last Tuesday, I saw stickers on one stand advertising them. I can’t be the only person to see a bit of irony in the coercion and social pressure attached to signing up for consent lectures. I'm very disappointed. I thought this was some craziness from California, but it has already reached Europe. I guess there's only one solution left. This is for university students in the UK, and the 10th graders in America, meaning that if we really want to enjoy sex without checking the time constantly, we'll have to do it with 9th graders. I guess sex with women over 80 would be safe too. They would not be able to check the time accurately. |
|
|
|
Hey, we shall give the guys a link to their website: https://gemini.com/I guess most people haven't understood Gemini. This isn't for me, nor for any old bitcoiners. Gemini is for the newbies. It's designed for the people who were scared to buy BTC. All the people who were afraid with the MtGox scam. Now with Gemini, they should feel confident because it's fully licensed, registered, compliant, and all shiny from being run by rich folks coming from Harvard. I wish them luck, and I believe they're doing a lot to help BTC, but personally I prefer to buy and sell BTC at a bar, on some remote table in the back. The transactions won't be reported to anyone, and nobody would remember anything about what happened. |
|
|
|
I dont carry cash like that, you are putting a bounty on your own head. If you are ready to give it away freely then carry on. Even the police act suspicious of people who carry their cash worth with them and the law says they can confiscate indefinitely without ever bringing charges which has to be the nastiest official tax I ever heard of. Meanwhile bitcoin is borderless, if we are literally talking floods then even cash is useless as you want food and fuel and these are true tradable items
Depends a lot where you. If you are in a country where most shops don't accept credit cards, you have no choice. If you've seen the movie "the girl with a dragon tatoo", I know a girl who looks just like that who routinely has $10,000 with her. Don't worry about the police. I've been arrested with cash, and I always got out with what I had. You just say you don't have a bank account in this country. |
|
|
|
|
You shall not forget the witness (better have 2) and the lawyer to keep up with all those "Yes" and write a legal document where everything will be reported. I guess a video could help too, and you shall keep it at least 50 years after the session.
I'm not sure I've understood everything, though. If I'm raping a woman with the whole thing lasting only 9 and a half minutes, that'll be legal, right?
|
|
|
|
You can try out HaoBTC (haobtc.com). It is a Beijing-based Bitcoin company incorporated in June, 2014. Although they are pretty new, they have been paying out interest hourly without fail for ten months now. The interest payment, which has been consistently staying above 9% p.a [adjusted to 6%], is generated by their large-scale, high ROI mining operations located in Western Sichuan. Their Cheap off-grid hydropower also helped in increasing the interest rates. You can check out their threads here and here. Please note that, I'm not sponsoring this site. It's your duty to check thoroughly and use your own brain: caveat emptor. Good luck. Well, you don't invest in stocks with that company, you invest in that Chinese company. 1broker.com looks better but they don't give any information about their real existence. I believe they should give their street address on their website. How do I know that website isn't a lonely hacker in Moscow? |
|
|
|
Taxation on bitcoins is an unavoidable reality.
It is, but you need to have some imagination. I know I'll never pay any tax on my BTC activities, but then the last time I've paid income tax was in 1997, and BTC certainly won't change that. Note that I'm not American, and that I don't live on American soil, though. One more important aspect to consider, the biggest obstacle to global bitcoin adoption is the hesitation of American companies to fully support bitcoins.
No. I used to work for an American company, and I asked them to pay me with BTC. They replied they couldn't do that so I stopped working for American companies and that was it. There's a whole world outside the US! |
|
|
|
I have a friend in Cannes, France. You may not know anything about it, but there were terrible floods there 10 days ago. http://www.bbc.com/news/world-europe-34443189My friend told me her landline phone still doesn't work. There are no phones and no Internet in most of downtown Cannes. Electricity has been fixed quite rapidly, but for 2 days, the mobile phone networks were down, so no bitcoin, and no credit cards either! All the shops couldn't handle any transactions. The only thing which kept on working was the fiber optic network, I guess because that's the newest. The whole thing was very local. Everything was fine a few km North, but this shall reminds us that if there's a serious emergency, cash is the only safe option. So you are keeping your cash in to your bank account.Right? If there is a disaster you can not use ATM and you can not get cash. It is same like bitcoin too. If you do not have internet you can not spend them. No. Cash is what you have in your pocket. I always have a couple hundreds in my pocket. A while ago, I use to have a couple thousands, maybe I'll need to do it again as a safety measure. Quite often there's no other choice if I'm in a country where there are few ATMs. Um barter is always an option. So no your claim that cash is the only option is flawed.
Need to change your thinking to pre-fiat, pre-gold, pre-silver days of trade.
Barter? I have nothing to exchange and very few people are actually open to it. When you go to a gas station, or a grocery store, they won't accept anything but money. Besides, I have no time to waste in negotiating for basic things. I sure do negotiate when I'm buying a car, but I don't want to do each time I'm getting a burger. |
|
|
|
|
I'd rather have a colorectal examination live on TV than use a tax calculator for my BTC transactions.
Don't you know that privacy is a main reason why many people use and enjoy BTC?
I want the government to die, and BTC's one of the sharpest tool there is towards that goal. Who could be dumb enough to use such software?
|
|
|
|
|
Exchanges are like banks, they must report all large or suspicious transaction. In Europe, I think every transaction over €30,000 must be checked. Regarding exchanges, I would look for their total amount of transactions in a day, and as a safety measure, I would never make a transaction over one tenth of that amount.
|
|
|
|
|
Show Posts
