Bitcoin doesn’t scale as they will soon find out! $10 fee on every transaction and an immutable 7tps. LN is joke.
Classic shitpost comment, saying something is bad/joke and not a single explanation as to why you think it's a joke. Great job :)
Cuba’s Bitcoin Revolution
101–110 of 120 posts
Re: Cuba’s Bitcoin Revolution
#102The woman mentioned in the article mentions she first heard about bitcoin watching keiser report on RT. Out of curiosity, I did a youtube search for keiser report, and sorted by most views, and the top results are all spanish dubbed episodes about bitcoin. So it looks like Max Keiser has a major audience in spanish speaking countries, even though his show is really for western audiences.
Spanish speaking countries are western audiences.
Re: Cuba’s Bitcoin Revolution
#103Bitcoin doesn’t scale as they will soon find out! $10 fee on every transaction and an immutable 7tps. LN is joke.
Classic shitpost comment, saying something is bad/joke and not a single explanation as to why you think it's a joke. Great job :)
Setting up an LN node is on par with setting up a mining rig in terms of fiddlyness and tech know how
Re: Cuba’s Bitcoin Revolution
#104Earlier quoted context omitted.
That embargo is always such a mystery to me. Why on earth is it still in place in 2021? Is it because no US politician want to submit a motion for it to be repealed? Or is there a powerful anti-Cuba lobby keeping it there? So much misery can be lifted with little effort by so few, yet here we are.
The embargo has no mistery. You can be pro or against it (I'm against), but it has solid bases. Current regime stole/seized/expropiate a lot of USA business assets in Cuba in 1960 (valued today around $6 billion), so it's USA right to embargo the country. Given the economical assymetry, USA can keep the embargo forever without consequences. Some countries were in the same position as USA of assets seized by the regim…
> there's a "anti-Castro lobby". Sadly, this lobby believes in the embargo,
And Ironically, the current Cuban government's problem seem to be due, in part, to the availability of internet to Cubans, which happened when the embargo was softened.
Re: Cuba’s Bitcoin Revolution
#105Earlier quoted context omitted.
That embargo is always such a mystery to me. Why on earth is it still in place in 2021? Is it because no US politician want to submit a motion for it to be repealed? Or is there a powerful anti-Cuba lobby keeping it there? So much misery can be lifted with little effort by so few, yet here we are.
Cuba can still trade with the rest of the world like the EU, Russia, China and Canada.
That's not quite true.
In Brazil, a few years ago, there was a case of a federal university that purchased Dell workstations for their labs.
Dell told them to stop all relations with Cuba, including academic research as otherwise they wouldn't be able to fulfill the order because of the embargo.
Even though the Brazilian arm of Dell is a Brazilian company, registered in the country and has to follow Brazilian laws, Dell US would be sanctioned if they allowed this transaction to happen.
Last I heard, Brazilian Ministries and the Federal justice system were sueing Dell Brazil. I don't know what was the outcome and could never find information on it.
Sure, they could try to source their lab computers elsewhere, but do you know of any computers that are 100% US-free?
Re: Cuba’s Bitcoin Revolution
#106Headline is hyperbolic as the article itself states crypto usage in Cuba is on par with other countries, about 2.5%. There may be some variance in use cases and good future potential in Cuba but it's certainly not yet an active "revolution". There are certainly good use cases (and existing solutions) across the world for alternative banking systems, especially for international remittances. The problem with positing…
The piece comes from a site called "Bitcoin Magazine" lol. Of course they have an interest in seeing these "revolutions" all over the globe
Re: Cuba’s Bitcoin Revolution
#107Bitcoin could be the undoing of the regime. It will allow Cubans to accumulate wealth that the regime cannot seize or convert into another worthless Cuban domestic currency. While I like the idea of free health care and education, the idea that a brain surgeon gets paid same as a street cleaner is absurd. Cuba is a series of failed experiments.
> While I like the idea of free health care and education, the idea that a brain surgeon gets paid same as a street cleaner is absurd. I personally support wealth and income inequality when coupled with social mobility (and a high standard of living at the low end). With that in mind, why do you think it's absurd for both a street cleaner and a brain surgeon to enjoy a middle class lifestyle? I think we both agree ne…
Yes they do benefit society but in different ways. My own bias is that I approach the subject of compensation from a capitalist economy. If I were the brain surgeon in Cuba (and I have met one when I visited) I would be using my skills and abilities to improve my quality of life since the $30 / month standard wage in Cuba doesn't provide for much. The street cleaner is probably thinking and doing the same thing.
Re: Cuba’s Bitcoin Revolution
#108I think removing embargos would help more than a volatile cryptocurrency.
I will just leave this here: https://twitter.com/antoniogm/status/1415489923927343105
Not sure how some random person on twitter saying "if you think the embargo is bad you don't understand Cuban reality" as a side note is supposed to nullify years of history? The embargo is absolutely part of the context, you can't just wave away an economic boot on Cuba's neck?
Re: Cuba’s Bitcoin Revolution
#109Earlier quoted context omitted.
I will just leave this here: https://twitter.com/antoniogm/status/1415489923927343105
Not sure how some random person on twitter saying "if you think the embargo is bad you don't understand Cuban reality" as a side note is supposed to nullify years of history? The embargo is absolutely part of the context, you can't just wave away an economic boot on Cuba's neck?
well, he is actually Cuban who lives in US and follows the situation. I am willing to believe his take much more than random dudes from CA.
Here's some of his writings on Cuba. https://www.thepullrequest.com/p/the-cuban-tank-man-will-be-...
Re: Cuba’s Bitcoin Revolution
#110Earlier quoted context omitted.
> Unless you pay them both an upper middle class wage ;) Feel free to give an example of an actual major country that does that then. If you can't think of such a real life example, then maybe that is your answer as for why this does not work. As someone who lives in America, I am more than supportive of Canada spending all of their money, overpaying their trash collectors. That way, Canada can get their trash collec…
This is quite an incomplete analysis. First off, neither Democrats nor Republicans are interested in supporting immigration into America. The last major immigration tightening was Clinton with the IIRAIRA and the last amnesty was under Reagan. Since then, neither side has been interested in bringing more legal immigrants to the US. After all, the Biden administration is about to allow 100,000 green cards to expire un…
> The lowest tax rate in the US/CA is Alberta and the highest is Quebec
> However, saying Canadians on the whole are "overtaxed"
I was talking about the total amount of money that engineers take home. So just replace the word "overtaxed" with underpaid, and the argument holds.
Engineers in america get way way more take home money, regardless of any tax rates.
> Folks don't move to the US to evade taxes
Ok, they do it to get the high salary. Or a lot of them do.
> but still attracts the world's best talent
Yes. Because engineers get paid way more money than trash collectors.
So great, canada should go ahead and pay their engineers the same as trash collections (through a method that will certainly result in them having to spend a bunch of money to do it), and we in the USA can poach a lot of those engineers.
Once again, feel free to show the example of a real country that is spending an equal amount of money on their trash collectors, and their engineers, and I point out how that country is likely having a lot of its engineers leave.