I recall being asked while speaking with my bank over the phone, the person asked about all the small transactions relating to my monthly spending habits. I remember replying with Oh I multibox. anyhow thought that was weird for them to even care to ask.
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@ Nana Skalski re comment from [20d]
I read on reddit that UK are blocking Binance. Could that have something to do with what you had shown?
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When mentioning about being both faster than efficient, that was in reference to sending a dollar bill via snail mail, Google search states Visa by a mile. =)
Maybe paypal is still the best way of sending and receiving?
Well Paypal is just another centralized, proprietary and closed system. They are convenient to use, but they are also never under your control.
If you havenât yet, dig a bit into what the Bitcoin Lightning Network is. Itâs what Jack Maller in the video I linked above uses to build his app, that works similar to Paypal, but instead of having their own centralized, closed and proprietary network, they just plug into the Bitcoin Lightning Network. So does El Salvadorâs solution for their citizens and many many other payment apps, all using the same standards to be interoperable with each other over a free and open source payment network that utilizes Bitcoin.
I like it because it takes away the power from the criminals you are supporting
El Salvador seems to be a fine democracy that has a lot of change coming to abolish the rampant criminals there, and Bitcoin is a big part of that solution. Not surprised the fascists donât like that and try to frame it in a different light.
However, someone has to fight the good fight back here and help abolish the corrupt freedom hating, privacy disrespecting fascists that try to create the perfect police state. Request denied.
Thatâs exactly how a fascist would frame it
I donât see opposing fascists pushing for total surveillance and educating people about how they can regain their financial sovereignty and privacy as radical. This must be some issue on your end.
Seriously, why do you even open your mouth about stuff you donât understand? Reading that drivel I donât even know where to start correcting you as there isnât a single sentence that has any foundation in reality. I also know it will be pretty pointless to address them as you will not understand the answer anyway or just make some new stuff up.
Maybe you should just stick to the topics you know something about and go back to copying code together from stack overflow or what else you do for a living.
El Salvador plugs in to the already existing global and open Lightning Network. People there can use any wallet they want, they can even create their own solution, itâs an open protocol with multiple existing free software implementations.
This desperate and obvious lies really show how the confidence in a bright future for your criminal friends crumbles. Only a matter of time until people realize how they got robbed by this leeches all this years and go after them and their associates.
Almost every single bank in business and most of the top bankers in business and politics are in one form or another actually convicted criminals. This isnât about âdislikeâ, this is about removing power from those criminals.
He is a democratically elected president of a country that seeks to attract investors by catapulting their financial system into the future far ahead of any other country. Obviously you donât like him, as he is in the process of getting out of the grip of your fascist friends that try to control those countries.
They get back their freedom and financial sovereignty.
You are outright calling me a terrorist now? That magic internet money that doesnât work according to you is threatening you that hard?
Oh but they are not only that. They are in fact almost all of them actually convicted criminals who can conveniently pay the fines they get with the money they print.
Actually no, it is in fact your lack of understanding I object with.
You have demonstrated quite the opposite so far. Who do you think you are fooling with this? Only yourself probably
Seriously, why do you keep talking about stuff you donât understand? Itâs not independent networks, itâs one global mesh of nodes that can exchange Bitcoin with each other no matter the location. Paypal is a single company with a proprietary network, meanwhile the Lightning Network is a free and open source network any number of organizations, companies and countries can participate without even asking for permission. This is like the difference between AOLâs proprietary network vs. the Internet. Most people today donât even know that was once a thing, the same will happen to paypalâs own network, they will either adapt the Bitcoin standard or go out of business.
Wrong again. All the government offers is a custodial solution to easily onboard citizens to the Lightning Network. Every citizen is free to use any of the countless other means to participate in the Lightning Network and choosing their own level of self-custody they are comfortable with.
Your repeated accusations of terrorism and tireless efforts to spread lies about every facet of this, paint quite the different picture.
So itâs useless and lacks any practical purpose? That sounds really like something that needs a lot of regulation to be kept in check.
I do hope you sometimes get at least a glimpse yourself about how ridiculous your inconsistent drivel is
I agree that this was probably the last bull run, but for completely different reasons than you.
I look forward to go back to this thread in a couple of years and laugh about your hilarious drivel that has at point become apparent to everyone. Hello me from the future you look good for your age man.
And at the same time baiters showing themselves in the most positive light, so people believe it.
While there is no regulation and they can do what they wish.
Why are you lying about this when it is easy to check? The worlds leading banks are almost all convicted of countless crimes about money laundering, tax evasion, fraud, etc. Almost all the top bankers that openly oppose Bitcoin and accuse it of being only used by criminals can be entered into google and it will spit out their criminal record. There is not a week without one of this banks or banksters making it into the press with actual criminal charges, not just baseless accusations like in the case of Bitcoin.
Yeah Iâm not surprised you donât see the obvious difference here
I donât think you have the expertise to judge that
It was a rhetorical question, I should have known you donât get it. Obviously you feel threatened by it, and so do your criminal friends.
Again with the lies. Itâs easy to check.
Yeah man, I have nothing against discussing the flaws of Lightning with someone who can actually understand the technology and are not just throwing random words around like you. But you make it pretty clear once again that you donât even grasp the fundamental concepts, like we needed even more prove of that.
Dude seriously, do you even realize how ridiculous you sound when you just make this stuff up without having any clue what you are talking about. Really, I almost start to feel embarrassed for you.
Sounds like the wet dreams of a fascists, desperately trying to not lose the grip on power to be honest. Probably because thatâs exactly what they are.
You know, there is really nothing that prevents you to have any amount of wallets and just use the official one for official stuff. They are all interoperable because they use an open network. You still donât understand that right? It must really be hard.
Vastly more Salvadorians have access to the internet and a smartphone than have a bank account. Even if they donât expand the internet access itâs already including a lot more people in the financial system than before.
You just did again
Oh crypto will most likely be regulated, and hopefully a lot of scams and securities fraud will be shutdown. But that doesnât change anything on the fact that they will not be able to control Bitcoin. The power will be taken from the criminals no matter what and there is nothing any regulation can change.
More wishful thinking. I have no idea how long adoption will take. Itâs already faster than I expected. But no amount of desperate attempts to delay it by the corrupt criminals in power can change that inevitable outcome.
Pretty easy for anyone to check for themselves honestly. No need for me to produce a list just so you can ignore it and continue to pretend that your criminal friends are saints.
Itâs really astonishing that you are incapable of seeing the difference between an actual elected official and a true dictator. But not really surprising.
Companies are usually not in the business of creating a global decentralized currency, nor should they be.
That is more the specialty of you and your criminal friends, canât help you there.
Any âdiscussionâ about lightning flaws will be you posting the list of flaws assembled by one of the lightning devs, that Iâm already aware of, and that you probably donât even understand. So why should anyone talk with you about that subject? You can add nothing interesting to a discussion about a technology you donât even understand. You canât even assess what those flaws mean or that they are complaints on a pretty high level.
Strikeâs nodes donât allow incoming channels to avoid friction introduced to their services by low quality nodes. That doesnât mean they donât have a variety of channels to various nodes in the rest of the network with good liquidity. This isnât a separated network, itâs all part of the global lightning network.
Was that the reason you thought that El Salvador has a separated network?
Strike is only one company of many that will offer their services to the El Salvadorian people. The network is open to anyone, itâs a free market.
So far you have only embarrassed yourself over and over again. You really make an effort to demonstrate your incompetence on the topic. Maybe you should go back to copy&paste stack overflow snippets
The âbenefitsâ is like $30 and meant as an incentive for people to try out the technology. You donât have to open that wallet if you donât want the $30. No one is forced to use it, everyone can chose another solution that fits their taste of privacy and self-custodianship better. Again, you show how you just canât wrap your head around this.
Lol, again⌠not sure how meany times I have to repeat this for you to actually understand it⌠They donât setup a crypto network. They use the already existing global Lightning Network. There is nothing special about what El Salvador is doing other that they recognize Bitcoin as a legal tender and offer an easy way to onboard everyone onto the already existing network if they donât do so already on their own.
Oh look, more fascist pipe dreams. Itâs a bit like this demands that used to be around that everyone doing anything on to the internet has to provide an official ID. Itâs a desperate attempt by people who donât understand how any of this works to preserve their power.
Anyone who knows anything about the tech will immediately recognize how completely outlandish and absurd this demands are. As if we needed any other evidence that you donât understand any of this
Regulating companies that utilize the technology is something completely different and I welcome this regulations.
Not the same banks we have now though. They show zero interest in adapting, and by the time they realize their mistake it will already be too late for them to catch up to the new banks that are emerging right now as we speak.
lol, yeah it will take a couple of years but as I said I donât know how many. You seem to get confused by the most simple things.
There are a lot of use cases that donât care about volatility. Like for example the use of Lightning Network as a means of instant global value transport where Bitcoin is only used as a temporary bearer asset. And that is already getting adopted. Itâs how Strike transports value from bank to bank instantly, simply by onboarding them to the Lightning Network.
How does it not cover itâs cost to exchange USD to EU?
Are they using their own exchange rates to absorb the cost?
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also the email from
Weâre very excited to announce the upcoming release of Multi Currencies on the Swyftx Platform, on Thursday the 15th of July 2021 .
then it reads;
ARE YOU WONDERING;
Should I trade in AUD or USD?
How will I convert my holdings fee free?
Will this change impact my tax obligations?
So are all exchanges changing to the free currency swap? What your showing @Karak_Terrel is that what other exchanges going to offer as the email is stating something very close to that Strike?
Because he on-boarded the banks directly. There is no intermediate and Bitcoin is only used as a bearer asset to represent the value exchanged between the Banks.
Bank A just removes the dollars from customer Aâs account and sends the equivalent value in Bitcoin to Bank B who then credits the account of customer B with the equivalent in euro.
No, this has nothing to do with crypto exchanges. They will always charge you fees for everything, of that you can be sure.
eg; paypal CCP Games UK - negative$14.95 USD 16 JunPayment
shows exchange Exchange rate $20.30 AUD = $14.95 USD 1 AUD = 0.7366 USD
(spot price on 15th was 0.76)
If somehow using that method (in the future) of Strike to convert currency then deposit to paypal would that improve the Exchange rate difference between buying and selling USD?
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Inside that video when that guy sent that 10 USD & when it landed into EU it shows 8.02
The day of that vod was 7th so assuming it was that same day the currency was 1 USD EUR 0.81510 EUR but still only as est as the time is not known.
No it isnât, itâs easy to check and hilarious you pretend otherwise
The end result is very different and someone must be pretty dense not to see that.
Thanks for demonstrating once again your very limited knowledge about the topic. Not like that was really necessary
Iâm not the one here with the criminal friends. Iâm sure they will be far more successful finding anything on your machines.
You donât, and disagreement isnât why I concluded that about you
a classic âLucasâ if I may say so. You donât understand what was said and take that as a âwinâ, priceless.
No it isnât. It just means that Strike doesnât allow other nodes to open channels to their nodes, but they themselves have opened channels with good liquidity to the rest of the network. If there is even one channel, all the nodes of Strike can send and receive funds from any other node on the network. Itâs not a separate network.
Do you think if you repeat that lie a few more times it will become true? Or maybe you really believe that because you still donât understand how Lightning works. Fascinating.
Again, as I already explained. Not all use cases use Bitcoin as a currency. Iâm also pretty sure it will look stable as a rock compared to the dollar in a couple of years.
Ah yeah, itâs âdeliberately slowâ by banks whose business model is basically supporting their criminal friends while leeching money from regular folks. Itâs not because they have some ancient cobol stack on ancient mainframes, barely held together by some pearl script glue and various layers of Java shells around it, so broken that a lot of operations have to be done manually. It has absolutely nothing to do with that.
Legacy banks are like the embodiment of sunk cost fallacy. They canât adapt. They will realize it too late. I know it, I talk to this people, I have seen the systems. Itâs an unmovable mess that canât be salvaged anymore.
I donât think you have even the capabilities to judge such a thing.
Again, demonstrating complete ignorance. Although the transactions are not broadcast to the blockchain, the Lightning Network is secured by the underlying Bitcoin blockchain at any time.
The goal is that companies like CCP eventually just onboard to Lightning, and then you could pay them directly without any company like Paypay, Visa or any bank involved. They will just bill you the amount of $ in Bitcoin, almost all wallets can simply show the invoice values in any currency you want
you look good for your age man.