Bye Bye WISE, WESTERN UNION, VISA, etc

[Rimmer]

Some baiting bickering and flames have been removed also replies.

 

Also several posts including screenshots of content with no required weblink back to the original source.

[GrandPapillon]

1 hour ago, FritsSikkink said:

Blockchain has not much use at all and will be useless when quantum computers will be the norm. You read a bit more, i am in IT over 30 years.

Quantum computers are already a reality, they will blow all security cyphers and crypto "useless" checksum algos

[Swiss1960]

On 9/27/2021 at 1:53 PM, Neeranam said:

China also banned other technologies, including Facebook, Twitter, Google, etc so as they can copy them and invent their own. They banned crypto so they can develop the Digital Yuan which enables them to monitor their citizens. 

Of course, all these technological companies were a great investment at the time, as BTC and crypto is now; it is early day in this new asset class. 

If you would open your eyes and mind and do some research about the cost of cryptocurrency to the worlds energy consumption, you would stop using them immediately. But obviously, short term profit thinking overwrites responsible thinking... these problems need to be addressed and solved, before any crypto can be considered for worldwide use and replacement of "standard" currencies. 

 

 

[fangless]

12 minutes ago, Neeranam said:

China also banned other technologies, including Facebook, Twitter, Google, etc so as they can copy them and invent their own. They banned crypto so they can develop the Digital Yuan which enables them to monitor their citizens. 

Of course, all these technological companies were a great investment at the time, as BTC and crypto is now; it is early day in this new asset class. 

Can I legally and openly make a cryptocurrency transfer to China today.  Yes or No?

[GrandPapillon]

the energy burden is definitely an issue, and a threat for the global economy, wasting valuable resources in silly games so a few geeks with hoods can get rich,

 

valuable resources that could produce real things, and this is particularly true in this recovery phase after COVID

 

do we really need to waste so much energy on stupid [deleted]?

[Neeranam]

1 hour ago, FritsSikkink said:

Blockchain has not much use at all and will be useless when quantum computers will be the norm. You read a bit more, i am in IT over 30 years.

So SWIFT was invented before you were working in IT. I believe SWIFT is 1970's technology. 

[fangless]

1 minute ago, GrandPapillon said:

so a few geeks with hoods can get rich,

Or go broke!

[GrandPapillon]

2 minutes ago, Neeranam said:

So SWIFT was invented before you were working in IT. I believe SWIFT is 1970's technology. 

it's not really a technology, it is a routing system for banks

 

it's the TCP/IP of banking transfer

 

did you know that TCP/IP was invented in the 70s?

 

see still in use today, old tech can still be useful

 

or are you going to replace internet routing and addressing protocol with cryptos too ????

[patman30]

Lightning????

[Neeranam]

12 minutes ago, billd766 said:

I do all my banking online for paying bills and oddly enough it is free. I use Wise to transfer funds from the UK to Thailand, because I get a far better forex rate and Wise transfer fees are low,

I can do all this on my computer in the comfort of my home.

 

I don't suppose that crypto is much use in the majority of places in Thailand, which is where the majority of people live.

Fair enough. My mother in law lives in rural Lopburi and just buys BTC as an investment, not for sending money. However, 4 years ago, I could pay my DTAC bill with Electroneum that I mined myself on my smartphone and who knows what can happen in the future. 

I give my youngest daughter crypto as pocket money, it's a young person's preferred method. 

Think computer banking is convenient, just wait. This Twitter thing is only the start.

[FritsSikkink]

7 minutes ago, Neeranam said:

So SWIFT was invented before you were working in IT. I believe SWIFT is 1970's technology. 

Nobody was talking about SWIFT, that is used by the banks, so i don't know what you want to say with this statement.

[patman30]

11 minutes ago, Swiss1960 said:

If you would open your eyes and mind and do some research about the cost of cryptocurrency to the worlds energy consumption, you would stop using them immediately. But obviously, short term profit thinking overwrites responsible thinking... these problems need to be addressed and solved, before any crypto can be considered for worldwide use and replacement of "standard" currencies. 

 

BTC is not bitcoin, and the "bitcoin is bad for enviroment" only applies to BTC as it does not scale and has max ~450k tx/day

at scale the carbon footprint per TX is much less than shown above
BSV is bitcoin and does scale, scaling transactions does NOT increase the total carbon footprint, which means it reduces the footprint per tx, as the same amount of power is required to mine, whether 1 tx or 1 million tx per block

[ThailandRyan]

19 hours ago, Neeranam said:

It won't be long before posts on internet forums can be tipped in crypto, mark my words, 

Brave Browser already does this with BAT.  I use the Brave browser and tip or donate what I earn in BAT back into the system monthly which pays for support of the forums through Brave Rewards..

[Phoenix Rising]

On 9/27/2021 at 1:56 PM, Neeranam said:

 

 However, even my old mother and my mother in law are buying crypto.

 

Which means they've bought your BS, poor old girls. Just hope they haven't handed you their retirement portfolios or they'll end up beside you outside 7/11.

[rott]

1 hour ago, sucit said:

I love reading these replies. You have people saying, without knowing it of course, the following…

 

”I want my dealings with money to come from the bankers, because they were suits when they go on tv, not hoodies”.

 

“I like banking and transfers that charge me fees”.

 

You know, every time you swipe your credit card or buy something on Amazon, the retailer gets charged a fee. Guess who pays for that fee! It’s just a cost the retailer has to deal with. You pay it; you pay the damn merchant credit card fees.

 

And here you have a system where the payments will be free of charge over a public network, and people are complaining. Haha. Not to mention their everlasting trust in the suit wearingIm bankers of the world lol. 
 

It is just too much entertainment for one to get. Don’t give me the satisfaction, it’s just too good I don’t deserve this much pleasure. 

If they were suits then, they would still be suits now. 

[Neeranam]

5 minutes ago, ThailandRyan said:

Brave Browser already does this with BAT.  I use the Brave browser and tip or donate what I earn in BAT back into the system monthly which pays for support of the forums through Brave Rewards..

I forgot about that. Also, XRP has some similar thing. 

[Liverpool Lou]

23 hours ago, Neeranam said:

The future is here, why would anyone use the old expensive remittance providers?

Because most people are not daft enough to rely on Twitter for anything, perhaps?

[FritsSikkink]

14 minutes ago, Neeranam said:

I give my youngest daughter crypto as pocket money, it's a young person's preferred method. 

 

Nonsense, your kid isn't representative for young persons. How does she spend her crypto here, are there many people who accept it in the little shops around your house? 

[Liverpool Lou]

23 hours ago, Kwasaki said:

I'll stick with "Wise" don't trust anyone with a hoody and wearing an idiot cap. ????

...or a Twitter account!

[Liverpool Lou]

19 hours ago, Neeranam said:

My old mother, who just turned 80, owns Polkadot

She owns Polkadot, the crypto-related business?   Nah, she doesn't.

[Liverpool Lou]

3 hours ago, Neeranam said:

The traditional 'banking system' is finished, get with the times.

Get real.

[Liverpool Lou]

3 hours ago, Neeranam said:

The clever ones will. In fact, SCB has already some corridors open using crypto, for example from Thailand to Japan and back, where people can get money remitted immediately for a couple of cents. 

 

Why aren't they utilising Strike and Twitter?!

[fangless]

33 minutes ago, Neeranam said:

So SWIFT was invented before you were working in IT. I believe SWIFT is 1970's technology. 

I think the Romans had coins!

[Liverpool Lou]

3 hours ago, Neeranam said:

Going to banks to send money internationally, taking days and costing a fortune are over. 

No, you couldn't be more wrong with that bizarre claim.

[Liverpool Lou]

2 hours ago, Neeranam said:

A good thing about BTC is that is worth the same amount anywhere in the world, no need for exchange rates. 

"No need for exchange rates for Bitcoin", so you get Bitcoins and you're stuck with Bitcoins, yes?   Or, can they be changed into real currency with an exchange rate!?

[fangless]

4 minutes ago, Liverpool Lou said:

No, you couldn't be more wrong with that bizarre claim.

At least he is consistantly wrong or he just doen't respond when he is cought out.

[Liverpool Lou]

On 9/26/2021 at 2:38 PM, Neeranam said:

The future is here,

You realise how non-sensical that claim is?   You sound like an ad interrupting a YouTube video.

[Chris.B]

1 hour ago, itsari said:

My Norwegian bank charges no fees also . But the exchange rate is not competitive and that is where the bank makes  creative  charges .

They do have charges but they are surreptitious and are hidden in their exchange rates.

 

[Liverpool Lou]

2 hours ago, Neeranam said:

Some of these dinosaurs still believe gold to be a good hedge. I feel sorry for them in a way, as they are going to get burnt with their stocks and bonds and Luddite ways. 

Do you ever check what you type?   You "feel sorry for gold holders because they're going to get burned "with their stocks and bonds"?   Thought they were hedging with gold!

 

Bet they're not doing anything with Strike and Twitter!

[KannikaP]

2 hours ago, sucit said:

None of your banking is “free”. I just tried to explain that. Every single transaction you do their is a fee that gets paid. You may not see it, but you pay it in the end. 

This is a bit like 'free shipping' on internet purchases. Yes, it is YOU the customer who is paying the shipping....and the Credit Card fees.