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Re: "Who Needs the Internet Anyway: Taking Bitcoin Transactions Offline*"
the short answer is that the statement is wrong. bitcoin will cease to exist without the internet.
the long answer is that it depends on what you mean by "an attack on the Internet infrastructure".
if it is just one nation restricting its people, cutting them from the internet,... then it will be different, people can still find alternative ways to connect to the bitcoin network (one of which is using satellites) and sync successfully.
but if it is global for whatever crazy reason, then bitcoin can not exist because it works right now because everyone can connect to anyone they want from anywhere in the world and also everyone can get in sync with the current state (new blocks and mempool) within seconds all thanks to the internet. alternative ways means you are connecting to a centralized place (such as the satellite) and you rely on that to be honest not to mention that it can have a lot of delays. so unless the day that every average Joe could launch his own satellite in orbit, bitcoin can't rely on such methods.
the long answer is that it depends on what you mean by "an attack on the Internet infrastructure".
if it is just one nation restricting its people, cutting them from the internet,... then it will be different, people can still find alternative ways to connect to the bitcoin network (one of which is using satellites) and sync successfully.
but if it is global for whatever crazy reason, then bitcoin can not exist because it works right now because everyone can connect to anyone they want from anywhere in the world and also everyone can get in sync with the current state (new blocks and mempool) within seconds all thanks to the internet. alternative ways means you are connecting to a centralized place (such as the satellite) and you rely on that to be honest not to mention that it can have a lot of delays. so unless the day that every average Joe could launch his own satellite in orbit, bitcoin can't rely on such methods.
Yes, that are my current doubts as well.
We are certainly better off having the satellite than not having it. But in case things go *really* the wrong way it does not seem to me resilient enough to withstand targeted attacks by the most powerful nations on earth.
Which is an existential threat to Bitcoin's survival (and I think that's the thinking with which we need to operate in order to make the project succeed).
Re: "Who Needs the Internet Anyway: Taking Bitcoin Transactions Offline*"
While I agree that having for example ways to connect to the Bitcoin network via satellite is better than not having it and it certainly is useful to people in places like Iran, Egypt, Turkey etc. where the Internet access gets restricted by authorities at times of public upheaval...
Correct me if I'm wrong, but it could be pretty easy to bypass those website/app bans. Wallet software website/playstore banned? Download it through F-droid, or download the source code and compile it yourself. Exchanges banned? Go with Bisq. I think if a certain country goes really strict against Bitcoin, the community will create solutions(or at least suggestions) for them.
How can you do all of these things without Internet access? I think that's the basic question.
That you can circumvent bans from Appstores/Exchanges etc. is not the issue; but complete lack of Internet access might be.
"Who Needs the Internet Anyway: Taking Bitcoin Transactions Offline*"
So, in this recent video Neil Woodfine is talking about how Bitcoin will withstand an attack on the Internet infrastructure we have learned to rely on for so much in our daily lives.
https://i.imgur.com/30WUcdO.png
How realistic do you see the assumptions being made here? While I agree that having for example ways to connect to the Bitcoin network via satellite is better than not having it and it certainly is useful to people in places like Iran, Egypt, Turkey etc. where the Internet access gets restricted by authorities at times of public upheaval... - if one day some powerful nation/nation-like entity like the U.S., China (just see what happened around the recent NBA-related censorship... - pleasing Beijing matters these days if you want to keep the $$$ flowing) or even the EU decides to force the satellite providers to suspend those services to Bitcoin-related companies, this part of the infrastructure is likely also going to fall away.
Unless we start launching our own rogue satellites which might just be shot out of the sky by then...- not a "space expert" here though; so I hope somebody who dived deeper into the matter can possibly explain how relying on Satellites as backup helps us to make the network sufficiently antifragile when "the shit *really* hits the fan".
https://i.imgur.com/30WUcdO.png
How realistic do you see the assumptions being made here? While I agree that having for example ways to connect to the Bitcoin network via satellite is better than not having it and it certainly is useful to people in places like Iran, Egypt, Turkey etc. where the Internet access gets restricted by authorities at times of public upheaval... - if one day some powerful nation/nation-like entity like the U.S., China (just see what happened around the recent NBA-related censorship... - pleasing Beijing matters these days if you want to keep the $$$ flowing) or even the EU decides to force the satellite providers to suspend those services to Bitcoin-related companies, this part of the infrastructure is likely also going to fall away.
Unless we start launching our own rogue satellites which might just be shot out of the sky by then...- not a "space expert" here though; so I hope somebody who dived deeper into the matter can possibly explain how relying on Satellites as backup helps us to make the network sufficiently antifragile when "the shit *really* hits the fan".
Re: Leipziger Bitcoin-Stammtisch (Jeden DRITTEN Donnerstag im Monat)
Gude an die Leipziger Community,
Ein Teil des Bitcoin Vietnam Teams ( https://medium.com/@MrRowan/a-brief-history-of-bitcoin-in-vietnam-a41a7b26cb83 ) ist an den beiden kommenden Wochenenden in Leipzig.
Sind irgendwelche Treffen fuer einen der beiden Samstage die wir in der Stadt geplant? Waeren happy sich ein wenig mit der lokalen Community auszutauschen.
Ein Teil des Bitcoin Vietnam Teams ( https://medium.com/@MrRowan/a-brief-history-of-bitcoin-in-vietnam-a41a7b26cb83 ) ist an den beiden kommenden Wochenenden in Leipzig.
Sind irgendwelche Treffen fuer einen der beiden Samstage die wir in der Stadt geplant? Waeren happy sich ein wenig mit der lokalen Community auszutauschen.
Hi Guys,
Does PayPal cover Vietnam?
If yes, can a user in Vietnam cash out PayPal in his/her bank account?
Does PayPal cover Vietnam?
If yes, can a user in Vietnam cash out PayPal in his/her bank account?
Yes, it does - but the fees are hefty.
Why not Bitcoin?
Hi folks,
Im in Ho-Chi Minh City from the 25th December probably until the begin of January. Are there any Bitcoin Meet-ups in Ho-Chi Minh City? I am from Germany and a Bitcoin enthusiast and would like to talk to people from Vietnam about Bitcoin.
Thanks in advance for a short info
Im in Ho-Chi Minh City from the 25th December probably until the begin of January. Are there any Bitcoin Meet-ups in Ho-Chi Minh City? I am from Germany and a Bitcoin enthusiast and would like to talk to people from Vietnam about Bitcoin.
Thanks in advance for a short info
Bitcoin Saigon meetup group:
https://www.facebook.com/profile.php?id=288534948008633&fref=ts
http://www.meetup.com/de/Bitcoin-Saigon-Meetup/
...probably no meetups during your time here; but we should be able to arrange sth. casual.
Yeah, would be nice to have a chat in a bar with some beers and exchange some experience from South-East Asia and Europe
Just shoot us a message on Facebook or meetup.com.
It seems like the "internal circle" of the community will have more meetings the coming weeks to plan the next events / projects of the community.
It's more project-focused meetings than just drinks & chitchat - but that can happen after the work is done as well
Hi folks,
Im in Ho-Chi Minh City from the 25th December probably until the begin of January. Are there any Bitcoin Meet-ups in Ho-Chi Minh City? I am from Germany and a Bitcoin enthusiast and would like to talk to people from Vietnam about Bitcoin.
Thanks in advance for a short info
Im in Ho-Chi Minh City from the 25th December probably until the begin of January. Are there any Bitcoin Meet-ups in Ho-Chi Minh City? I am from Germany and a Bitcoin enthusiast and would like to talk to people from Vietnam about Bitcoin.
Thanks in advance for a short info
Bitcoin Saigon meetup group:
https://www.facebook.com/profile.php?id=288534948008633&fref=ts
http://www.meetup.com/de/Bitcoin-Saigon-Meetup/
...probably no meetups during your time here; but we should be able to arrange sth. casual.
Wer ist eigentlich das Genie, das gerade für die Tage, an denen das Interesse für BTC wieder steigt, einen Stresstest angezettelt hat?
Edit: Siehe dazu: https://bitcointalk.org/index.php?topic=1111811.0 und z.B. https://blockchain.info/charts/n-transactions-excluding-popular?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
Gibt schon mehrere Beschwerden über Transaktionen, die 3 und mehr Stunden unconfirmed sind - trotz Fees. So wird das nichts mit der Massenadoption ...
... und schon gar nicht mit $100.000, um zum Thema zurückzukommen
Edit: Siehe dazu: https://bitcointalk.org/index.php?topic=1111811.0 und z.B. https://blockchain.info/charts/n-transactions-excluding-popular?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
Gibt schon mehrere Beschwerden über Transaktionen, die 3 und mehr Stunden unconfirmed sind - trotz Fees. So wird das nichts mit der Massenadoption ...
... und schon gar nicht mit $100.000, um zum Thema zurückzukommen
Das ist dann aber ein Problem von Bitcoin - und nicht desjenigen, der solche Stresstests macht.
Bitcoin sollte nicht darauf vertrauen müssen, dass niemand "Unfug" mit dem Netzwerk anstellt.
Das System muss das aushalten können - ansonsten wird das ohnehin nichts mit den 100k USD.
https://www.reddit.com/r/BitcoinMarkets/comments/39pxat/btce_stole_100_bitcoins_from_me_and_i_have_no/
& viele ähnliche Stories von anderen Usern über die Zeit.
Muss jeder für sich selbst entscheiden, wieviel Geld er dort lagert.
& viele ähnliche Stories von anderen Usern über die Zeit.
Muss jeder für sich selbst entscheiden, wieviel Geld er dort lagert.
Wie sieht es aus mit der BaFin ?
Habt ihr dort eine Lizenz für den Exchange oder arbeitet ihr mit anderen Banken zusammen ?
Wenn ja mit welcher ?
Da unsere Plattform nur indirekt eine Exchange darstellt und Bitcoins wie eine Wechselstube verkauft und angekauft werden, jedoch keine erlaubnispflichtigen Tradingfunktionen usw. aufweist, ist in diesem Fall keine Bafin-Lizenz erforderlich.Habt ihr dort eine Lizenz für den Exchange oder arbeitet ihr mit anderen Banken zusammen ?
Wenn ja mit welcher ?
MfG
Habt ihr das schriftlich von der Bafin oder ist das eure eigene Interpretation?
Nach meinem letzten Kenntnisstand (ca. 3 Monate alt - und das ist auch die Interpretation, die seit 2013 gültig war) verlangt die BaFin auch von einer "Wechselstube" (einfacher An- und Verkauf von BTC an/von die/den Kunden) eine entsprechende Lizenz (minimum ca. 125.000 Stammkapital).
Bei einer Börse (à la Kraken, Bitstamp etc.) hingegen wäre es dann schon eine größere Lizenz (minimum ca. 900.000 Stammkapital).
Eine Wechselstube weist allerdings darüber hinaus das Problem auf, dass nach aktueller Auslegung wohl auch die Mehrwertsteuer auf den kommerziellen Verkauf von Bitcoins zu berechnen wäre (s. dazu auch die neueste Meldung des Bundesverbandes Bitcoin: http://www.bundesverband-bitcoin.de/die-bundesregierung-auf-abwegen/ ). Macht man das nicht, droht mitunter am Ende eine dicke Überraschung, wenn das Finanzamt auf einmal die 19% MWSt. sehen möchte... - wenn die Kunden dann bereits für ein Umsatzvolumen von 1m gesorgt haben (und der Exchange da jeweils vlt. 1-3% Gebühr darauf nimmt) - sieht man sich auf einmal einer zusätzlichen Steuerforderung von knapp 200.000 gegenüber... - nicht sehr cool.
Sprich: Man muss einen Haufen Geld für die Lizenz hinlegen (neben dem Stammkapital noch einen Haufen Anwaltskosten und etliche weitere teils komplett bizarre Lizenzauflagen) - um dann am Ende keinen Kunden zu haben (weil die Leute ihre Coins dann einfach ohne Mehrwertsteuer im benachbarten Ausland kaufen).
Deutschland ist in Sachen Bitcoinbusiness leider nun einmal mit der beschissenste Standort den es weltweit so gibt (siehe auch die Story zu localbitcoins) - was auch der Grund dafür ist, dass viele deutsche Bitcoiner ihr Glück lieber in wohlgesonneneren Gefilden suchen (UK; Niederlande etc. ).
Wünsche euch dennoch viel Glück - ihr werdet es in Deutschland definitiv brauchen.