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0 sats \ 1 reply \ @south_korea_ln 3h \ parent \ on: Bitcoin Calendar Update bitcoin
Seems like a cool project.
By the way, in what sense is Bitcoin Calendar supported on SN? Is it integrated into SN somehow?
The question was for fiat transactions, as I was wondering about the relevance of such regulations. But as you correctly point out, the fact that I'm questioning the relevance is probably a good indication that financial surveillance has already been achieved in many countries. E.g. in Korea, where efficient capital control laws explain the infamous Kimchi premium. A follow-up question would be to specify the country of each respondent, but I'm not in the KYC business, so I'll refrain from asking it~~
I also try to use cash as much as possible for small transactions. Paradoxically, in Korea, cash is still king for small businesses. And the government is allowing it, as it would be political suicide to rein it in, as many small businesses survive only because of being allowed to operate in this grey zone of tax avoidance.
one of the most genius use cases of bitcoin I saw was small atms for coins where you can throw whatever coins you have left in at the airport and you get sats back
Where did you see that? I have a pile of coins from different countries I visited that I'd love to transform into sats~~
I used to drink... a lot. Every (week)day, 10+ beers. In a social setting, that is. Rarely alone.
Then, I left university, and I kept drinking, but it became less frequent. Now, nearly 2 decades later, it's more like once a week. A still can drink one too many, but I can go for months without.
Life was good when I had it back in the day (it did wonders for my social life), life is good now without (it does wonders for my health). Also, my wife can't drink (that missing enzyme~~) but likes it, so I prefer drinking less to avoid putting temptations in front of her.
My valve is sports now.
Let's add a social element to my game with @ek: https://zapback.ekzy.is/game/0978ba688173f8d2.
If ever you feel like supporting your favorite SN dev or your favorite ~science territory owner, feel free to sneakily scan the invoice~~
Party on!
Completely unrelated, I recently called someone at work a Schrodinger's asshole. I then remembered it was on SN I first learnt about this expression.
Afaik in the EU it's far worse in terms of laws and relugations
In my limited experience, I think lots of Americans have a distorted view of European regulations. Yes, there is a lot (too much) of it, but lots of it is there to protect people's rights. Think, for instance, GDPR. It's great for individuals, much less so for companies.
The General Data Protection Regulation (GDPR) is a European Union law that aims to protect the privacy and security of personal data about individuals in the European Economic Area (EEA). It sets out detailed requirements for organizations on how they collect, store, and manage personal data. The GDPR applies not only to organizations within the EU/EEA but also to those outside the EU/EEA if they process the personal data of individuals within the EU/EEA or offer goods or services to them
This example is, of course, quite different from the Bitcoin regulations, but I could imagine MiCa has also provided legal clarity for businesses wishing to interface Bitcoin with their fiat accounting system. Lots of American companies complained about the Biden administration trying to choke anything crypto related.
Many countries in the EU also don't make you pay taxes when selling Bitcoin, unlike the US.
It worked now, but from my laptop.
I just paid about 15 minutes ago (preimage: df6b92b6dbc014a6282a522188c213d904d81329fee2de05068cb4d04c685735), but it did not seem to have reset the timer).
I haven't had a great experience with btcmaps. More often than not the business stopped accepting, yet the page was not up to date.
I guess for tether it's easy to request the numbers with Paolo. But for BTC, much harder indeed. Maybe based on some heuristic using some big centralised services? Didn't check methodology.
@ek when trying to access our game...
First time trying to access from phone, not sure if that has anything to do with it.