BTC A Reminder Why You Shouldn’t Use Google.

Starting from June 1 payment in cash in North Macedonia will be limited up 30,000 Macedonian Denar (MKD) in the local currency value (around 500 euros, or 560 U.S. dollars), North Macedonia's Finance Minister Dragan Tevdovski told reporters on Friday.

According to the new law "On money laundering and terrorism financing" passed in the parliament, North Macedonian citizens can not make purchases in cash if the amount surpasses 30,000 MKD.

"The government has decided to lower cash payment limits aiming to reduce shadow economy," Tevdovski said.

Cashless society coming to your neighborhood. This is exactly why we need cryptocurrencies.

You might say: this is fine, I'll have my money on a bank card or Apple Pay app. "This changes nothing in my life, I'm a law abiding citizen, I don't do crimes, I have nothing to hide." But you'd be very wrong. Your own wealth will exist only in the crony corporate capitalist cloud (your data is already there), and when this umbilical cord between you and them is severed, you will stop existing as a person. Back to dark age, back to serfdom.

You think the government is here to help? The state cares about their citizens? NO. I highly recommend you to watch this movie: I, Daniel Blake, it completely describes the state of the world today and what awaits every single one of us at some point if things continue the way they've been going for the last 50+ years. Pirate that movie off torrents if you need to. I know at least a half of all US families have no more than $500 of savings (that alone is simply outrageous), and having to pay for quality information is just a road to mass ignorance.

submitted by /u/rattie_ok
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Request for dev input: a system for selling digital content. built on BCH.

Posted: 02 Jun 2019 01:46 PM PDT

*Please stop me if this already exists and i'm not aware of it, or if someone is working on something like this.

A platform-independent way for content creators to sell digital goods per download. For the seller, the software would generate a code snippet that could be inserted into blog posts or any web page that allows. For the buyer, the software would serve a unique download link upon payment of invoice.

A couple of services have existed that had similar functionality: satoshibox.com, minerlock.com, but they are/were custodial services and in the case of satoshibox predictably exit scammed . Therefore a service is needed that is:

Non-custodial. Payment goes directly to an address controlled by the content creator, or split between agreed upon recipients via a transaction with multiple outputs.
Platform independent. Code snippets allow a "buy button" with modal box to be placed anywhere that allows such code to run.

Free, open-source software that can be run by the content creators themselves or a hosting service that could take an agreed-upon percentage that is built into each transaction.

I'm not a software developer so I don't know exactly how this would work, or the best way to build this. i'm guessing there could be various different approaches each with respective trade-offs. that's why i've tagged a handful of devs to hopefully get some input and create a dialogue.

Some specific questions:

file hosting. How to host the files so they would only be accessible via a unique download link? IPFS? Amazon S3?
If the system could be built using IPFS to host files, would it be possible to not even need a host, as it would then be built completely using decentralized protocols? For example, the software could be run locally by the content creator who, for example, just inputs IPFS hash and Xpub key(s) and the software spits out the code snippets?

i'm aware that other blockchain projects are attempting ways to monetize digital content such as Tron, Bittorrent coin or whatever, but as far as I can see those solutions are not presently working, plus they seem scammy. It seems like this could be built for bch NOW.

My primary interest in there being such a tool: I work with dj's and independent music producers around the world. When I learned about bitcoin back in 2011, I immediately imagined that it could be a way to facilitate a global trade in digital audio that wasn't possible before. Labels and producers anywhere could have access to a global market with no middlemen, and dj's could have access to fresh cutting edge productions while supporting artists in places like Brazil, South Africa, Mexico, etc that are ill-served by existing payment options. When we built a BCH tipping feature into our internet radio platform at https://spaz.radio , dj's were impressed that they could receive money directly to their phones from listeners across the world. Now we want them to be able to buy and sell music easily without friction.

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BCH is victim to one of the biggest manipulation campaigns in social media: Any mention of BCH triggered users instantly to spam "BCASH".. until BSV which is a BCH fork and almost identical to it pre-November fork popped out of nowhere and suddenly social media is spammed with pro-BSV posts.

Posted: 03 Jun 2019 01:56 AM PDT

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Localbitcoins Removes In-Person Cash Trades Forcing Traders to Look Elsewhere

Posted: 02 Jun 2019 08:22 AM PDT

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Value of Bitcoin Conference today at "Bayerische Landesbank" one of the most important bank in Germany

Posted: 03 Jun 2019 01:15 AM PDT

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how can local.bitcoin.com not have KYC?

Posted: 02 Jun 2019 01:38 PM PDT

hi all

I am excited for local.bitcoin.com, but a question that came to my mind was how can they not have the regulation like some exchanges do, like kyc fe.?

reference : http://reddit.com/r/btc/comments/bvrn1z/localbitcoincom/

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Watch the Bitcoin.com Engineers discuss Smart Contracts Coming to BCH, 5000 Users on LOCAL.BITCOIN.COM, Spend BCH with a VISA Card

Posted: 02 Jun 2019 09:25 AM PDT

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Why Cryptocurrencies?: Cheaper & faster

Posted: 02 Jun 2019 11:17 PM PDT

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Yes, Bitcoin was always supposed to be gold 2.0: digital gold that you could use like cash, so you could spend it anywhere without needing banks and gold notes to make it useful. So why is Core trying to turn it back into gold 1.0?

Posted: 02 Jun 2019 04:51 AM PDT

We all understand what's great about gold. It has a history of value, a finite supply, and it doesn't degrade.

The problem with gold is that it's bulky and heavy and hard to divide up. this makes it impractical as a medium of exchange: you can't easily take a chunk of gold to the grocery and shave off the amount you need to pay. And you can't send gold through the internet.

So to use gold as a medium of exchange, historically, one had to turn it into coinage, which can be diluted causing inflation, or banknotes, which can be printed without reserves causing inflation. If only there was some way to use gold for payments directly, so no "mint" or "bank" was needed!

The genius of Bitcoin was in figuring out a way to take all the properties of gold (valuable, scarce, and immutable) and make them digital.

In exactly the same way that digital news made it possible to teleport one article from a virtual newspaper right into your hands, and streaming music made it possible to teleport one song from an album right into your home, digital gold makes it possible to teleport one payment's worth of gold directly to the recipient.

Making the gold digital makes it teleportable (weightless, massless) and trivially divisible. In other words, digital gold solves the problem of using gold directly as a medium of exchange.

Bitcoin wasn't ever supposed to be a decision about being "gold or cash." Bitcoin was always supposed to be gold and cash. That's what makes it disruptive!

Making onchain transactions slow and expensive has the effect of turning Bitcoin back into gold 1.0. Slow and expensive is the BTC strategy. A digital version of gold that isn't cheap and fast to move is no better than real gold as a medium of exchange.

And let's not miss the fact that being able to use the gold directly as a medium of exchange without needing a bank to route it for you is the disruptive part.

BCH retains all the scarcity and immutability that you expect from gold, in teleportable form so that you can spend it like cash. This was the vision of Bitcoin that we invested in 2009-2016 before the strategy was changed.

BCH is Bitcoin the way Bitcoin was intended to be.

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Haipo Yang on Twitter - We receive some demand on mining BSV. We will list BSV on ViaBTC mining pool soon.

Posted: 03 Jun 2019 01:33 AM PDT