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Question: Will you support Gavin's new block size limit hard fork of 8MB by January 1, 2016 then doubling every 2 years?
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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1956369 times)
cypherdoc
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March 29, 2015, 10:25:27 PM
 #22321

it's spreading:

http://www.deepdotweb.com/2014/10/07/african-countries-set-pioneer-bitcoin-system/
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March 29, 2015, 10:45:56 PM
 #22322

https://www.reddit.com/r/CryptoAnarchy/comments/30oj5r/daniel_krawisz_this_is_whats_going_to_work_so/
hdbuck
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March 29, 2015, 11:02:09 PM
 #22323


this is bitcoin. legacy.
brg444
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Bitcoin replaces central, not commercial, banks


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March 29, 2015, 11:37:24 PM
 #22324

Here is my thoughts on bitcoin powered remittance:

Stage 1 is companies in each country cooperating with each other to offer transfer and conversion between two fiats. Each company can be local to a country, does not need license to do foreign exchange. They can be an exchange, or work with a local exchange. They can offer short time fixed exchange rate gurarantee through options, cooperation with someone offering options, or just make a deal with a few individuals who offer to take that exhange rate risk. No single company has to be an international company. They can offer transfer fiat to fiat.

Stage 2 is when one party in the remittance transfer is a bitcoin user. In this case, only one local company need to be involved. For instance, a sender in Europe is a bitcoin user, the receiver somewhere in Asia is a fiat user. The bitcoin user transfers fiat to to a local company in Asia operating as an exchange, who sends fiat to the receiver. For this to work, bitcoin adoption has to increase among the foreign workers.

Stage 3 is of course when both parties are bitcoin users, who do not need to convert to fiat right away, but will do it when they need to.



As far as I'm concerned Abra Global has nailed it down for the remittance use case.

I personally use rebit.ph on a regular basis and they are an exceptional service. 0% fee. Same day delivery.

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
tabnloz
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March 30, 2015, 12:53:15 AM
 #22325

This is new - bank deposit tax in Australia

http://www.zerohedge.com/news/2015-03-29/australia-start-taxing-bank-deposits

also in relation found this on Australian news site

http://www.smh.com.au/business/dynamic-currency-conversion--robbery-by-choice-20150329-1ma77q.html

Banks are charging big fees for overseas CC purchases and not bothering to inform customers which option increases fees (pay in local or Australian dollars).
cypherdoc
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March 30, 2015, 12:55:09 AM
 #22326

Banks are charging big fees for overseas CC purchases and not bothering to inform customers which option increases fees (pay in local or Australian dollars).

does this apply to US citizens traveling abroad?
tabnloz
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March 30, 2015, 01:34:31 AM
 #22327

Banks are charging big fees for overseas CC purchases and not bothering to inform customers which option increases fees (pay in local or Australian dollars).

does this apply to US citizens traveling abroad?

not sure, might just be Australian banks doing so? Although I assume its an industry thing. Dynamic currency conversion, one to read up on.
cypherdoc
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March 30, 2015, 02:48:05 AM
 #22328

bad news for the USD:

http://www.cnbc.com/id/102543220
cypherdoc
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March 30, 2015, 03:02:19 AM
 #22329

still healthy growth.  amazing:

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March 30, 2015, 04:10:08 AM
 #22330

Banks are charging big fees for overseas CC purchases and not bothering to inform customers which option increases fees (pay in local or Australian dollars).

does this apply to US citizens traveling abroad?

this has been happening for many years now. For all UK banks and overseas cash withdrawals, and most card transactions.
cypherdoc
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March 30, 2015, 04:35:58 AM
 #22331

Bitt just secured $1.5 million to bring Bitcoin to the Caribbean's unbanked

However:

If you're a resident of one of the following countries, you will be restricted from accessing Bitt services.

Burma
Cuba
Iran
North Korea
Sudan
Syria
United States <--You are a  bunch of terrorists by the looks of it

Congratulations USS of A.

https://www.bitt.com/privacy/aml
hdbuck
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March 30, 2015, 06:25:46 AM
 #22332

still healthy growth.  amazing:



we crossed 400PH..



why am i not having the same graph anyway?

https://blockchain.info/en/charts/hash-rate
sickpig
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March 30, 2015, 07:49:43 AM
 #22333


we crossed 400PH..



why am i not having the same graph anyway?

https://blockchain.info/en/charts/hash-rate

click on the "7 day average" link at bottom and you'll get it.

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
cypherdoc
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March 30, 2015, 10:27:00 AM
 #22334

Ok, gold down. This should help stabilize Bitcoin. Time for a trend change.
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March 30, 2015, 12:24:48 PM
 #22335


Are slides' talk available somewhere?

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
cypherdoc
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March 30, 2015, 02:37:33 PM
 #22336

it's difficult for me to see how the $DJT gets all the way back up to set a new high from here and at this time.  and if it doesn't, then yes, i do think that's a problem:

cypherdoc
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March 30, 2015, 04:26:32 PM
 #22337

Unbelievable

http://mobile.nytimes.com/2015/03/31/nyregion/silk-road-case-federal-agents-charges.html?referrer=
Zangelbert Bingledack
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March 30, 2015, 05:45:12 PM
 #22338


Bitcoin represents a fundamental change in the very fiber of the social order from which regimes are woven. I and I'm sure several other people have been predicting this for quite some time: incentives to ally oneself with the state break down when you can hold and transact money with complete secrecy.
lunarboy
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March 30, 2015, 05:48:01 PM
 #22339


This made me laugh.  Could the Ross verdict now get overturned becasue of this?... That would be side side-splitting funny.

Almost as funny as being called 'Carl Mark Force IV'   sounds like a German physics scale.
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March 30, 2015, 05:51:39 PM
 #22340

Bitcoin represents a fundamental change in the very fiber of the social order from which regimes are woven. I and I'm sure several other people have been predicting this for quite some time: incentives to ally oneself with the state break down when you can hold and transact money with complete secrecy.
http://nakamotoinstitute.org/mempool/bitcoins-rugged-individualism/
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