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Peter Hun

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Posts posted by Peter Hun

  1. 8 hours ago, bearishonhouses said:

    I think I am asking about the ability of small amounts of funds to be transferred at low/zero cost where those transactions are recorded on the bitcoin chain. Is that what is being demonstrated in the video about sending payments via Twitter. 

    However, it is possible that my understanding of what is happening is incorrect and my question makes no sense in the world of what IS happening.

    The individual transactions not recorded on the bitcoin blockchain and are not charged as such.

     

  2. 18 hours ago, MonsieurCopperCrutch said:

    Valid point. If I was getting good savings rates I'd most likely never have invested in Bitcoin 8 years ago. 

    His point was that you cannot and never have obtained good saving rates because risk is proportional to reward.

    18 hours ago, markyh said:

    don't consider Hex a shitcoin

    It's neither shite nor a coin. DeFi is a revolution, far more than Bitcoin.

  3. 11 hours ago, FANG said:

    It's starting to look that way mate. A lot of these people who are still alive have worked all there lives and paid into the system and Sunak wants to shaft them over a few extra quid a week.       

    Its disgraceful and the worse thing about this is that we allow them to get away with it, whilst they line their pockets.  

     

    Virtual nobody who worked all their lives has "paid into the system" anywhere near enough to cover what they are now receiving.

     Another burden on the young, Boris of the Pensioners Party will jack up National Insurance to to reduce social care costs and protect house price gains of Pensioners. 

    https://www.telegraph.co.uk/politics/2021/09/02/tax-rise-25-million-pay-social-care/

  4. 2 hours ago, Bruce Banner said:

    It's not the long term effects of the vaccines per se that worries me, rather the long term effects of mass vaccination, perhaps causing the virus to mutate more aggressively and make natural immunity less effective so that we become reliant on bi annual boosters.

    Natural immunity last as long vaccine immunity and annual re infection is going to the source of most mutations.

  5. On 27/08/2021 at 10:19, markyh said:

    Not true, sure if you have zero BTC you wont want to pay with it, but there will also be a huge percentage of BTC holders who want to buy stuff with it as a legal currency, and wont have any $ USD , and if Vendors say no, they will trade elsewhere. 

    I know this to be true due to real life in the UK with my wife, As she works for a huge American corporation, for 14 years she has had am Amex corporate credit card. As her job has always been a P/A , she has had to use that card for things her bosses want and they sign off the transaction on her expenses. Things like, XYZ is getting married, get them £200 of John Lewis vouchers, and bottle of good champers and a bunch of flowers. This is on a monthly basis, for 14 years. 

    Do you know how many businesses she wanted to buy from, specialist artisan stuff, but couldn't, because they didnt take Amex and that's all she had to pay with?  Must be over £10k of lost business to date these businesses have lost, but Tesco's has gained handsomely by accepting a legal payment method their competitors wont. 

    So as i said, as it costs El Salvador merchants pretty much $0 to accept BTC as payment, as all potential customers could be paying with it, commercially you have to willing to accept it. Otherwise its business suicide, unless your product has zero alternative competition, then you can dictate terms.

    Ffs, Do you have any idea what life is like for El Salvadorians? 

  6. On 21/08/2021 at 12:23, markyh said:

    That theory only really applies to debt discharge, no business can afford to “opt out” of a legal currency in their state, to many customers can walk away and vote with their feet. 

    That theory only applies if the customers demand to use BTC. If they don't get paid in BTC they won't use it.

    Unless there is a legal requirement to use it its not legal tender.

  7. 20 hours ago, markyh said:

    We shall see. My personal Crypto / FIAT gateway is fully KYC, just not connected to our FCA at all , the beauty of Crypto. 

    KYC is to ensure there is a connection to your regulator and taxman. If you are outside the region that a regulated entity is permitted to do business you will be rejected as a customer.

    So if you are dealing with a fully KYC compliant, regulated entity the FCA is connected to you.
     

    Crypto has nothing to do with it.

  8. 13 hours ago, coypondboy said:

    No one is following the rules anymore herd immunity will save the day but there will be thousands of deaths over the coming months.

    Bournemouth beach today and in the evening thousands wandering around eating and drinking inside and out no mask to be seen and thats before we can legally do it on Monday.

    UK now no 1 in the world for new daily cases

    image.png.dd7574fc2caa1956478fdbe9193a571c.png

    Brighton too, completely returned to normal. Drunken dancing in the street, masks social distancing are history.

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