Bitcoin and crypto currencies

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SteveFoerster
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Re: Bitcoin and crypto currencies

Post by SteveFoerster » Thu Oct 04, 2018 2:08 pm

Doc wrote:
Thu Oct 04, 2018 12:47 pm
SteveFoerster wrote:
Thu Oct 04, 2018 11:38 am
Doc wrote:
Tue Oct 02, 2018 7:22 pm
SteveFoerster wrote:
Tue Oct 02, 2018 10:28 am
Doc wrote:
Mon Oct 01, 2018 8:07 pm
How about Blockchain + Social Media ?

https://cdn-assets.minds.com/front/dist ... r-v0.3.pdf

MINDS: THE CRYPTO SOCIAL NETWORK
Minds was pretty late to jump on board that train. I gather that Steemit is more popular amongst crypto types who want a blockchain shoehorned into their social media.
Honestly I never heard of either before today.
You're probably not missing a whole lot.

On the topic of social media networks, I've been active on Facebook for a really long time (as with most of these things I was an early adopter) but at this point it's devolved into mostly political shouting. The only thing really keeping me there is the few relationships (mostly relatives, a few friends) that would end in any meaningful sense were I do abandon the platform altogether, but I have to admit that because time spent there doesn't in any way help me reach my goals it's become a net negative in my life.

Of course, I suppose I could say the same thing about you guys, but somehow that seems a little different. ;)
Perhaps we could improve things by tailoring your experience here just for you. :P
LOL, it's more like if I have you guys I don't need Facebook, and this is faster. :twisted:
Writer, technologist, educator, gadfly.
President of New World University: http://newworld.ac

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SteveFoerster
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Re: Bitcoin and crypto currencies

Post by SteveFoerster » Thu Oct 04, 2018 2:09 pm

So as long as we're on the subject, what is everyone else's relationship to Facebook? Heavy user? Can't stand it? Somewhere in between?
Writer, technologist, educator, gadfly.
President of New World University: http://newworld.ac

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Doc
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Re: Bitcoin and crypto currencies

Post by Doc » Thu Oct 04, 2018 3:16 pm

SteveFoerster wrote:
Thu Oct 04, 2018 2:09 pm
So as long as we're on the subject, what is everyone else's relationship to Facebook? Heavy user? Can't stand it? Somewhere in between?
Can't stand it for many reasons.
“"I fancied myself as some kind of god....It is a sort of disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out.” -- George Soros

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Doc
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Re: Bitcoin and crypto currencies

Post by Doc » Sat Oct 06, 2018 7:50 am

This could be in a lot of subject threads in these forums, but I guess here is as good as any place.

“"I fancied myself as some kind of god....It is a sort of disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out.” -- George Soros

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Sertorio
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The War Against the Dollar: the Alternative to SWIFT

Post by Sertorio » Sun Oct 21, 2018 8:00 am

Foreign Banks Are Embracing Russia's Alternative To SWIFT
by Tyler Durden

https://www.zerohedge.com/news/2018-10- ... oscow-says

On Friday, one day after Russia and China pledged to reduce their reliance on the dollar by increasing the amount of bilateral trade conducted in rubles and yuan (a goal toward which much progress has already been made over the past three years), Russia's Central Bank provided the latest update on Moscow's alternative to US-dominated international payments network SWIFT.

Moscow started working on the project back in 2014, when international sanctions over Russia's annexation of Crimea inspired fears that the country's largest banks would soon be cut off from SWIFT which, though it's based in Belgium and claims to be politically neutral, is effectively controlled by the US Treasury.

Today, the Russian alternative, known as the System for Transfer of Financial Messages, has attracted a modest amount of support within the Russian business community, with 416 Russian companies having joined as of September, including the Russian Federal Treasury and large state corporations likeGazprom Neft and Rosneft.

And now, eight months after a senior Russian official advised that "our banks are ready to turn off SWIFT," it appears the system has reached another milestone in its development: It's ready to take on international partners in the quest to de-dollarize and end the US's leverage over the international financial system. A Russian official advised that non-residents will begin joining the system "this year," according to RT.

"Non-residents will start connecting to us this year. People are already turning to us," said First Deputy Governor of the Central Bank of Russia Olga Skorobogatova. Earlier, the official said that by using the alternative payment system foreign firms would be able to do business with sanctioned Russian companies.

Turkey, China, India and others are among the countries that might be interested in a SWIFT alternative, as Russian President Vladimir Putin pointed out in a speech earlier this month, the US's willingness to blithely sanction countries from Iran to Venezuela and beyond will eventually rebound on the US economy by undermining the dollar's status as the world's reserve currency.

To be sure, the Russians aren't the only ones building a SWIFT alternative to help avoid US sanctions. Russia and China, along with the European Union are launching an interbank payments network known as the Special Purpose Vehicle to help companies pursue "legitimate business with Iran" in defiance of US sanctions.

Given its status as a major energy exporter, Russia has leverage that could help attract partners to its new SWIFT alternative. For one, much of Europe is dependent on Russian natural gas and oil.

And as Russian trade with other US rivals increases, Moscow's payments network will look increasingly attractive, particularly if buyers of Russian crude have no other alternatives to pay for their goods.
Soon the world will be free of US blackmail via the weaponisation of the dollar. I wonder whether that's Trump's way to make America great again...

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Doc
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Re: The War Against the Dollar: the Alternative to SWIFT

Post by Doc » Sun Oct 21, 2018 10:11 am

Sertorio wrote:
Sun Oct 21, 2018 8:00 am
Foreign Banks Are Embracing Russia's Alternative To SWIFT
by Tyler Durden

https://www.zerohedge.com/news/2018-10- ... oscow-says

On Friday, one day after Russia and China pledged to reduce their reliance on the dollar by increasing the amount of bilateral trade conducted in rubles and yuan (a goal toward which much progress has already been made over the past three years), Russia's Central Bank provided the latest update on Moscow's alternative to US-dominated international payments network SWIFT.

Moscow started working on the project back in 2014, when international sanctions over Russia's annexation of Crimea inspired fears that the country's largest banks would soon be cut off from SWIFT which, though it's based in Belgium and claims to be politically neutral, is effectively controlled by the US Treasury.

Today, the Russian alternative, known as the System for Transfer of Financial Messages, has attracted a modest amount of support within the Russian business community, with 416 Russian companies having joined as of September, including the Russian Federal Treasury and large state corporations likeGazprom Neft and Rosneft.

And now, eight months after a senior Russian official advised that "our banks are ready to turn off SWIFT," it appears the system has reached another milestone in its development: It's ready to take on international partners in the quest to de-dollarize and end the US's leverage over the international financial system. A Russian official advised that non-residents will begin joining the system "this year," according to RT.

"Non-residents will start connecting to us this year. People are already turning to us," said First Deputy Governor of the Central Bank of Russia Olga Skorobogatova. Earlier, the official said that by using the alternative payment system foreign firms would be able to do business with sanctioned Russian companies.

Turkey, China, India and others are among the countries that might be interested in a SWIFT alternative, as Russian President Vladimir Putin pointed out in a speech earlier this month, the US's willingness to blithely sanction countries from Iran to Venezuela and beyond will eventually rebound on the US economy by undermining the dollar's status as the world's reserve currency.

To be sure, the Russians aren't the only ones building a SWIFT alternative to help avoid US sanctions. Russia and China, along with the European Union are launching an interbank payments network known as the Special Purpose Vehicle to help companies pursue "legitimate business with Iran" in defiance of US sanctions.

Given its status as a major energy exporter, Russia has leverage that could help attract partners to its new SWIFT alternative. For one, much of Europe is dependent on Russian natural gas and oil.

And as Russian trade with other US rivals increases, Moscow's payments network will look increasingly attractive, particularly if buyers of Russian crude have no other alternatives to pay for their goods.
Soon the world will be free of US blackmail via the weaponisation of the dollar. I wonder whether that's Trump's way to make America great again...
Block chain is the future. Alternate means of avoiding sanctions will be moot. IE pointless.
“"I fancied myself as some kind of god....It is a sort of disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out.” -- George Soros

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Sertorio
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Re: The War Against the Dollar: the Alternative to SWIFT

Post by Sertorio » Sun Oct 21, 2018 10:16 am

Doc wrote:
Sun Oct 21, 2018 10:11 am

Block chain is the future. Alternate means of avoiding sanctions will be moot. IE pointless.
I must confess my total ignorance of block chains... Hoping I'm not too old tp learn something new, I must look it up...

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Doc
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Re: The War Against the Dollar: the Alternative to SWIFT

Post by Doc » Sun Oct 21, 2018 11:17 am

Sertorio wrote:
Sun Oct 21, 2018 10:16 am
Doc wrote:
Sun Oct 21, 2018 10:11 am

Block chain is the future. Alternate means of avoiding sanctions will be moot. IE pointless.
I must confess my total ignorance of block chains... Hoping I'm not too old tp learn something new, I must look it up...
I don't understand the tech particularly well either. ATADMIN knows quite a bit about that. The overall system insure privacy until it is turned into something else like Fiat currency. All transactions are viewable by anyone however who made those transactions are unknown until converting to or from Crypto -currency.

In any event you can be sure that with or without swift, banking systems are completely transparent to multiple nations. With maybe exceptions like Iran that are cut off from the world banking system. But I wouldn't count on that. I really wouldn't. In the end VIA swift or any other system it will come down to a choice DO business with Iran or do business with the US.
“"I fancied myself as some kind of god....It is a sort of disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out.” -- George Soros

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cassowary
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Re: The War Against the Dollar: the Alternative to SWIFT

Post by cassowary » Sun Oct 21, 2018 12:18 pm

I don't understand what this has got to do with sanctions. US sanctions against IRan is simple. If a company does business with Iran, it cannot do business with the US. So what has SWIFT got to do with it?

neverfail
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Re: The War Against the Dollar: the Alternative to SWIFT

Post by neverfail » Sun Oct 21, 2018 8:25 pm

Well, my country is not exactly lining up to join the Russian-Chinese "alternative". I cannot name too many others that would want to do so.

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