201–210 of 272 posts
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The specifier "more than 0" strikes me as odd. Both sentences would have been the same without it. > we've hired people through a global outsourcing company > we have staff who have been displaced by a war
Maybe it is just 1 recipient. Which I think is still a fine display of the value of a decentralized payment option.
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Maybe it is just 1 recipient. Which I think is still a fine display of the value of a decentralized payment option.
That they can pay people remotely ignoring employment laws in a way that can be tracked and prosecuted?
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That they can pay people remotely ignoring employment laws in a way that can be tracked and prosecuted?
I'm not sure why there's some assumption that anything illegal is going on.
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My theory is that the likelihood someone understands the use cases is inversely correlated to their trust in government. For example: https://www.bbc.com/news/business-60912789 These articles all follow a common pattern. 1. The trigger – Inflation/distrust in government/bank withdrawal restrictions/paypal freezes your funds/country is at war/etc 2. The response – People gravitate towards a system that is resilient to…
I'm originally from Bosnia / Ex-Yugoslavia. Experienced hyperinflation, experienced civil war, experienced buying bread with 200,000 dinars one year and 2,000,000 next year etc. Experienced scary people with guns knocking at your door. My family and their ancestors all lost all their money and possessions numerous times over the last 100 years, including in the mid-90's. And yet, I feel it's the people IN position of…
The tech is the easy part. If you're conducting illicit transactions in some kind of attempt to dodge regulations - however your (potentially) corrupt regime defines "illicit" and whether the "regulations" are just - then obfuscation isn't going to help you for very long.
The ability to use the internet at all is a function of the willingness of the people in charge of a government to 1) allow usage of the Internet by anybody and 2) the willingness of the people in charge to allow you in particular to use the Internet.
Endless search? FileCoin is used to pay for IPFS. BTT is used to pay for faster downloads speeds. There are lots of others. My own company has spent 3 years building way more applications that you can see here https://intercoin.org/applications They're open source, and fully documented, try to use them! We're currently building interfaces to power them: https://www.youtube.com/watch?v=ySi-wOB28y0 We also have an Inte…
When you actually drill into what filecoin is and how it works you realize it's literally worse than any other form of data backup that I've heard of. No sane engineer would ever use it for any reason other than it being related to the crypto industry. It offers far worse utility than using AWS S3 buckets, at a far higher price, and with tons more risks for no upsides. And that is a perfect metaphor for 99% of crypto…
IPFS can be used like s3 with a third party shim for between free and 400x cheaper.
I mean it has good use cases they're not just the ones that scheme promoters want to be true. I know TFA pokes some holes in the censorship resistance attribute of bitcoin but i think everyone can agree it does provide value transfer solution that is much harder to block than Visa/Stripe/etc. 1). Silk Road or dark net markets in general. Can't be done with Visa or other existing solutions at any kind of scale 2). Fun…
The cleanest and easiest use case I see for crypto is just optimizing the whole securities issuance and fund management legacy system. For my business in alternative investments if I want to raise money for a project with a Regulation D offering I need to spend a lot of time and money jumping through hoops and dealing with numerous financial institutions. The typical flow of information, effort and money goes like th…
But on a fundamental level you're not describing a technical hurdle, you're describing a social-policy hurdle. Like, wouldn't you agree that if there was policymaker will to make this process more efficient, it could be more efficient without a blockchain? Suppose that blockchain did not exist but that securities law did not require you to consult securities attorneys to "create the investment opportunity". You would…
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You still have no answer for the crypto on/off ramp issue.
We do. It's called people accepting cryptocurrencies in exchange for goods and services. Here is the roadmap: https://intercoin.org/communities.pdf
Truly 24x7x365 instant banking is a pretty great use case. TradFi isn't close.
SEPA Instant Credit Transfer [1] has a soft limit of 10 seconds and hard limit of 20 seconds for money transfers between accounts of different banks. What's the use case for "faster than 10 seconds"? [1] https://www.europeanpaymentscouncil.eu/what-we-do/sepa-insta...
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Say you want to move $ from service A to C, before Bitcoin it was not possible without a bank intermediary (B). There is processing time, high fees, business hours, etc.. So you’re handholding the process A to B then B to C. With crypto I can move money directly A to C at 4am on a weekend, any amount, without talking to anyone for a tiny fee. Or if I want to move it into my wallet and hold it personally I can do that…
My question is why would you want to do that?