ChartBuddy
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June 19, 2021, 03:01:35 PM |
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Elwar
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Viva Ut Vivas
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June 19, 2021, 03:09:07 PM |
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On the idea that Bitcoin may be adopted in Panama...
The only current use of Bitcoin in Panama is the very expensive Bitcoin ATMs that charge about 10% both ways. All other usage is through a small community of us, mainly Ocean Builders selling to a wide swath of people that want to buy bitcoin for cash (since we can't get a bank account...supposedly due to my involvement).
The one congressman that proposed a Bitcoin law is in the opposing minority party who may just be doing it for political points or as a jab at the administration.
They tried to pass a "Crypto" law at one point, when the minister that was proposing the law finally talked to local Bitcoin users they were all up in arms because the law was shit. The law was fairly standard/cut and paste from other country's laws with no real innovation until the last few paragraphs where it talked about taking 5% of every "international transaction" and giving that money to the elderly. When the minister had a phone conference with local crypto users they kept asking questions about details in the law and after a while the minister had to end the call as it became obvious that he had not read the thing himself.
Had this congressman wanted to talk to the local crypto community I would know about it. And he hasn't.
When we called the cruise ship we purchased the "Satoshi" our government contact (assistant to the president) gave us a lot of push back telling us not to make anything public about it being a "Crypto cruise ship". For all Panama media and anything government facing I had to say the name Satoshi means "knowledge" in Japanese and that the focus of the cruise ship was for digital nomads and startups. We could not mention cryptocurrency.
The idea that they would change their stance from "don't talk about crypto" in December to "let's make Bitcoin legal tender" in June is impossible.
Their reasoning for being so scared of crypto is because of their reputation as a money laundering nation. They're trying to clean up that image and adding Bitcoin, which would make money laundering easier, does not do well for that image. They've been trying to suck up to the big boys internationally. They'll be sold to China before they adopt Bitcoin.
They have elections every 5 years and their last elections were 2 years ago. So the earliest we could see Bitcoin as a currency in Panama would be in at least 3 years when the current party is defeated. Maybe a young party like in El Salvador will take over.
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cAPSLOCK
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Whimsical Pants
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June 19, 2021, 03:20:23 PM |
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Thanks, really useful.
I tried "Wallet of Satoshi" for fun, do you know if the lightning receive address generated each time expire after a while? Since you have no control over channels, would be interesting to know.
EDIT:
This was more fun than expected, talk about speed.
cAPSLOCK,
Post an LN address, want to send some "SatMerit" for your post (ran out of sMerit).
You're welcome! I'm still learning.For example I don't know much yet about the different types of lightning addresses or I should say invoice types, and I think there's a way that you can make a static one for something like a tip. But I am not 100% sure how but here's one that takes a long time to expire. And again I ended up using wallet of Satoshi because it's just a good implementation. But I'm glad you enjoyed trying it. And your questions about how they handle expiration are good ones that I don't have solid answers to yet. Their default expiration though is quite long I think this is a whole day? lnbc1psvuz26pp5pedga2d2ps3n6c3t2nfdmz0mm5ve9ldjjhq4k7l3kk6cv02hmhnsdqu2askcmr9w ssx7e3q2dshgmmndp5scqzpgxqyz5vqsp559lk0jgepd3qum2ezp9nzz52v6qzf7umk7fmxn72xrpkg h56366s9qyyssq88a9q0aqk8kfxk7v6z7c0xn3ple9lkfrhyeddf3wdvpz4p6kshk4g8wdwuw0cx73l nssk5ta242phvsgmk8edr0sfut8legaavypnzqqlqrfg4
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ChartBuddy
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Activity: 2212
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 19, 2021, 04:01:25 PM |
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FIFA worldcup
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June 19, 2021, 04:07:30 PM |
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Bear Market = Death Cross So it's cool you know some Bitcoin related words but now you must learn what they mean I very well know the bitcoin and its terms but that post was for the newbies who don't understand what is the impact of death cross. Though i could not explain it well, as death cross is a lagging indicator and hence the damage is already been done before the cross actually happen. At that point is just the panic selling.
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Toxic2040
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June 19, 2021, 04:25:58 PM Merited by JayJuanGee (1) |
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On the idea that Bitcoin may be adopted in Panama...
The only current use of Bitcoin in Panama is the very expensive Bitcoin ATMs that charge about 10% both ways. All other usage is through a small community of us, mainly Ocean Builders selling to a wide swath of people that want to buy bitcoin for cash (since we can't get a bank account...supposedly due to my involvement).
The one congressman that proposed a Bitcoin law is in the opposing minority party who may just be doing it for political points or as a jab at the administration.
They tried to pass a "Crypto" law at one point, when the minister that was proposing the law finally talked to local Bitcoin users they were all up in arms because the law was shit. The law was fairly standard/cut and paste from other country's laws with no real innovation until the last few paragraphs where it talked about taking 5% of every "international transaction" and giving that money to the elderly. When the minister had a phone conference with local crypto users they kept asking questions about details in the law and after a while the minister had to end the call as it became obvious that he had not read the thing himself.
Had this congressman wanted to talk to the local crypto community I would know about it. And he hasn't.
When we called the cruise ship we purchased the "Satoshi" our government contact (assistant to the president) gave us a lot of push back telling us not to make anything public about it being a "Crypto cruise ship". For all Panama media and anything government facing I had to say the name Satoshi means "knowledge" in Japanese and that the focus of the cruise ship was for digital nomads and startups. We could not mention cryptocurrency.
The idea that they would change their stance from "don't talk about crypto" in December to "let's make Bitcoin legal tender" in June is impossible.
Their reasoning for being so scared of crypto is because of their reputation as a money laundering nation. They're trying to clean up that image and adding Bitcoin, which would make money laundering easier, does not do well for that image. They've been trying to suck up to the big boys internationally. They'll be sold to China before they adopt Bitcoin.
They have elections every 5 years and their last elections were 2 years ago. So the earliest we could see Bitcoin as a currency in Panama would be in at least 3 years when the current party is defeated. Maybe a young party like in El Salvador will take over.
please correct me if I am wrong sir but you are saying using bitcoin over fiat makes it easier to launder fiat? hmmmm i respectfully disagree and i think chain analytics proves that point..for now regardless i wish you nothing but the best Elwar for standing tall at the front lines +1 WOsMerit
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modrobert
Sr. Member
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-"When the going gets weird, the weird turn pro."
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June 19, 2021, 04:36:19 PM |
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Thanks, really useful.
I tried "Wallet of Satoshi" for fun, do you know if the lightning receive address generated each time expire after a while? Since you have no control over channels, would be interesting to know.
EDIT:
This was more fun than expected, talk about speed.
cAPSLOCK,
Post an LN address, want to send some "SatMerit" for your post (ran out of sMerit).
You're welcome! I'm still learning.For example I don't know much yet about the different types of lightning addresses or I should say invoice types, and I think there's a way that you can make a static one for something like a tip. But I am not 100% sure how but here's one that takes a long time to expire. And again I ended up using wallet of Satoshi because it's just a good implementation. But I'm glad you enjoyed trying it. And your questions about how they handle expiration are good ones that I don't have solid answers to yet. Their default expiration though is quite long I think this is a whole day? lnbc1psvuz26pp5pedga2d2ps3n6c3t2nfdmz0mm5ve9ldjjhq4k7l3kk6cv02hmhnsdqu2askcmr9w ssx7e3q2dshgmmndp5scqzpgxqyz5vqsp559lk0jgepd3qum2ezp9nzz52v6qzf7umk7fmxn72xrpkg h56366s9qyyssq88a9q0aqk8kfxk7v6z7c0xn3ple9lkfrhyeddf3wdvpz4p6kshk4g8wdwuw0cx73l nssk5ta242phvsgmk8edr0sfut8legaavypnzqqlqrfg4 Thanks again. Sent 555 sat(merit)s, hope it worked. The "Wallet of Satoshi" requires one line when pasting address (did not strip line feeds when split).
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philipma1957
Legendary
Online
Activity: 4158
Merit: 8048
'The right to privacy matters'
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June 19, 2021, 04:38:56 PM Last edit: June 19, 2021, 04:52:59 PM by philipma1957 |
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On the idea that Bitcoin may be adopted in Panama...
The only current use of Bitcoin in Panama is the very expensive Bitcoin ATMs that charge about 10% both ways. All other usage is through a small community of us, mainly Ocean Builders selling to a wide swath of people that want to buy bitcoin for cash (since we can't get a bank account...supposedly due to my involvement).
The one congressman that proposed a Bitcoin law is in the opposing minority party who may just be doing it for political points or as a jab at the administration.
They tried to pass a "Crypto" law at one point, when the minister that was proposing the law finally talked to local Bitcoin users they were all up in arms because the law was shit. The law was fairly standard/cut and paste from other country's laws with no real innovation until the last few paragraphs where it talked about taking 5% of every "international transaction" and giving that money to the elderly. When the minister had a phone conference with local crypto users they kept asking questions about details in the law and after a while the minister had to end the call as it became obvious that he had not read the thing himself.
Had this congressman wanted to talk to the local crypto community I would know about it. And he hasn't.
When we called the cruise ship we purchased the "Satoshi" our government contact (assistant to the president) gave us a lot of push back telling us not to make anything public about it being a "Crypto cruise ship". For all Panama media and anything government facing I had to say the name Satoshi means "knowledge" in Japanese and that the focus of the cruise ship was for digital nomads and startups. We could not mention cryptocurrency.
The idea that they would change their stance from "don't talk about crypto" in December to "let's make Bitcoin legal tender" in June is impossible.
Their reasoning for being so scared of crypto is because of their reputation as a money laundering nation. They're trying to clean up that image and adding Bitcoin, which would make money laundering easier, does not do well for that image. They've been trying to suck up to the big boys internationally. They'll be sold to China before they adopt Bitcoin.
They have elections every 5 years and their last elections were 2 years ago. So the earliest we could see Bitcoin as a currency in Panama would be in at least 3 years when the current party is defeated. Maybe a young party like in El Salvador will take over.
please correct me if I am wrong sir but you are saying using bitcoin over fiat makes it easier to launder fiat? hmmmm i respectfully disagree and i think chain analytics proves that point..for now regardless i wish you nothing but the best Elwar for standing tall at the front lines +1 WOsMerit dirty Cash in a bag going to clean cash in a bank takes work. a great way to do it is all you can eat buffets. chinese buffet reastaurants where hot in usa from 1990 to 2005. bitcoin can hold dirty btc in a wallet for a decade or more . sure if ever can be turned into clean untraceable btc.
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Arriemoller
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Cлaвa Укpaїнi!
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June 19, 2021, 04:42:52 PM |
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So It was hot as hell last night and I decided to go outside, naked, to cool of (I live in the countryside). It so happened that I walked in to my neighbors old corral and what I thought was just high grass was also nettles. I stung my legs, butt, and Helmuth and the glockenspiel, I have had a trying night.
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cAPSLOCK
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Activity: 3752
Merit: 5142
Whimsical Pants
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June 19, 2021, 04:46:35 PM |
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Thanks, really useful.
I tried "Wallet of Satoshi" for fun, do you know if the lightning receive address generated each time expire after a while? Since you have no control over channels, would be interesting to know.
EDIT:
This was more fun than expected, talk about speed.
cAPSLOCK,
Post an LN address, want to send some "SatMerit" for your post (ran out of sMerit).
You're welcome! I'm still learning.For example I don't know much yet about the different types of lightning addresses or I should say invoice types, and I think there's a way that you can make a static one for something like a tip. But I am not 100% sure how but here's one that takes a long time to expire. And again I ended up using wallet of Satoshi because it's just a good implementation. But I'm glad you enjoyed trying it. And your questions about how they handle expiration are good ones that I don't have solid answers to yet. Their default expiration though is quite long I think this is a whole day? lnbc1psvuz26pp5pedga2d2ps3n6c3t2nfdmz0mm5ve9ldjjhq4k7l3kk6cv02hmhnsdqu2askcmr9w ssx7e3q2dshgmmndp5scqzpgxqyz5vqsp559lk0jgepd3qum2ezp9nzz52v6qzf7umk7fmxn72xrpkg h56366s9qyyssq88a9q0aqk8kfxk7v6z7c0xn3ple9lkfrhyeddf3wdvpz4p6kshk4g8wdwuw0cx73l nssk5ta242phvsgmk8edr0sfut8legaavypnzqqlqrfg4 Thanks again. Sent 555 sat(merit)s, hope it worked. The "Wallet of Satoshi" requires one line when pasting address (did not strip line feeds when split). Thanks!
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Toxic2040
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June 19, 2021, 04:49:20 PM Merited by JayJuanGee (1) |
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So It was hot as hell last night and I decided to go outside, naked, to cool of (I live in the countryside). It so happened that I walked in to my neighbors old corral and what I thought was just high grass was also nettles. I stung my legs, butt, and Helmuth and the glockenspiel, I have had a trying night.
pics or it didnt happen
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Arriemoller
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Cлaвa Укpaїнi!
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June 19, 2021, 04:50:05 PM |
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Thanks, cAPSLOCK for your informative post.
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shahzadafzal
Copper Member
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June 19, 2021, 04:57:07 PM |
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I have bewen performing some fairly deep tests on the state of all lightning wallets currently. And though I would share a Mini Review
Custodial: You send bitcoin to these and then can use their lightning channels custodially. Easiest setup.
Wallet of Satoshi 9/10 This is the leader in custodial wallets. +Consistently low fees, even 0 sometimes (I do run a channel with them on my node so sending money back to my node is zero cost.) +Very rare that Tx fail. As in, I do not think I have seen it happen outside of pilot error. +Allows ad-hoc transactions (will create an invoice with no amount) +UI is decent This is a wallet I would DEFINITELY have on my phone if I were traveling. I believe they have a very good network of well connected nodes. I run a channel to it on my node, so if I were experiencing routing issues or high fees from my node I might keep this one loaded from my node just to take advantage of the connectivity.
Coinos.io 8.5/10 +a web wallet version +can do LIQUID! +very reliable well connected lightning -You have to be careful with managing your login
This one is really cool. The only reason it is not tied for first is it is possible to send this thing a transaction to an anonymous not logged in user. Which is ACTUALLY a FEATURE. It makes it able to be used with a little strange amount of privacy. But if you accidently do this and not notice the random name it gives you (Satoshi-#####) then you will have to contact the folks who run it to refund your money as it will be in some random wallet. This is more a ME problem than sn IT problem, though.
BlueWallet 5/10 -Fees are "OK" but could be 200-800 sats. Currently on chain is not much more. -Payments still fail as much as they ever did -Failed payments may appear to have worked and then fail later (yuck) -There is a delay in returning sats from a failed tx. -You can't easily spend bigger amounts
Whenever I get sats into this thing, I then work really hard to get them back off... lol It's like having hit your golfball onto a beach. Even as a lightning wallet that has been around a while I find it klugey
Non-custodial Neutrino private channel (These run a full neutrino node, and establish a single channel to the wallet company) They are sort of a hybrid between a custodial wallet and a full node wallet. Easier to set up, but has a little less smoothness than WoS, or Zeus for example
Phoenix 8/10 -Will handle ad-hoc amounts -Cheap fees -Can receive when in the background -Good UI Best in this class. Solid.
Breez 7/10 +Similar to Phoenix but not quite as smooth -Forces you to keep 600 sats there at all times (?) +Can do micro payments to streaming podcasts and has a podcast PLAYER in it now. Kinda neeto. +Can work in POS mode -I think this needs to be in the foreground on your device to receive payments. Meh. But just a little meh. Usually this is OK.
Muun 7/10 +Also similar to the two above +nice UI -Cannot do ad hoc amounts -VERY unique backup strategy.
Non-Custodial connected to your node. Hardest to set up. You have to connect these to a real node. You will be spending the money on THAT node so setup and maintenance is a bitch. You have to manage and balance channels etc. BUT, if you can do all this, it is also the most sovereign solution.
Zeus 9/10 +The nuts. +great UI +can do ad hoc amounts +can do MPP!!!! (Multi path Payments. I have actually not tried this yet. But it's in there... Could be good when needing to send a large payment.
Zap 8/10 +Very similar to Zeus, but not quite as slick a UI -And can't do ad hoc amounts.
So, say I was going to spend a week at Bitcoin beach. I would load Zeus and WoS on my phone. I would also have Strike standing by to drop more funds into my channels as needed (But if i spent all the money on my node, um, that would be a problem of some kind). I would probably try to live out of Zeus, but if I had any trouble I would just keep WoS going. Of all the wallets I feel like it is #1 in just payment ease. And since I have a channel to it I can swing money to it for free from my node in 1 hop. I was surprised that Bluewallet still stunk like it did when I first tried it... too bad.
Honorable mention. Strike 8/10 I don't know how to classify this one. It can work as a bitcoin wallet, a lightning wallet, and the cash app. The lightning features are kind of hidden, but you CAN sent a payment to a lightning destination with it, in fact I use to to refill my channels from time to time. I would not probably use it much on my trip, but I would certainly have it loaded as a sort of backup.
Thank you cAPSLOCK. Quoting it for own reference.
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ChartBuddy
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June 19, 2021, 05:01:26 PM |
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Biodom
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June 19, 2021, 05:21:56 PM |
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So It was hot as hell last night and I decided to go outside, naked, to cool of (I live in the countryside). It so happened that I walked in to my neighbors old corral and what I thought was just high grass was also nettles. I stung my legs, butt, and Helmuth and the glockenspiel, I have had a trying night.
What a story....who's Helmuth and what was the use of the musical instrument? lol. I think i have a pretty good guess, but not very familiar with swedish idioms.
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ChartBuddy
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June 19, 2021, 06:01:35 PM |
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Biro Bob
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June 19, 2021, 06:36:53 PM |
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Does anyone know of any times that funds from a hacked wallet have been recovered?
Ie. Any point in reporting it?
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UnDerDoG81
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June 19, 2021, 06:59:21 PM |
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That elevated volume is what makes me excited, no matter if next move is down or up.
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 19, 2021, 07:01:26 PM |
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