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submitted by /u/lambertpf [link] [comments] |
source https://www.reddit.com/r/btc/comments/9tutfw/thought_for_the_day_if_dec_17_was_a_spam_attack/
Saturday, 3 November 2018
Thought for the day -- if Dec '17 was a SPAM attack on BTC, does that prove that BTC is vulnerable to SPAM? In Sept '18, BCH was "SPAM" attacked by it's users, 2mil TXs were fine and fees actually went lower. *Big blocks actually protect against SPAM.*
source https://www.reddit.com/r/btc/comments/9tutfw/thought_for_the_day_if_dec_17_was_a_spam_attack/
Why would Bitcoin ever have been open source if Craig was involved?
It's obvious he has a megalomaniacal streak. If he was ever part of the team, why wouldn't he have worked to "lock down the protocol" in 2009.
None of this brigading bullshit makes any sense, I would expect to at least try to make sense.
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source https://www.reddit.com/r/btc/comments/9tu51a/why_would_bitcoin_ever_have_been_open_source_if/
The real reason Bitcoin Cash will win
I don't believe it's the block size, the technological improvements or the pump and dump gains that'll make BCH the cryptocurrency of the world.
The real advantage BCH has is that it's backed by the pre-december 2017 libertarian and idealist communities who've rooted for Bitcoin to be a revolutionary movement to free the world and bring it unlimited access to worldwide markets where there's embargos and limits imposed by the corrupt powers.
Where Bitcoin Core users have a financial interest, Bitcoin Cash users have an ideological loyalty to the cause they believe in and are thus willing to put greater effort and sacrifice more for this to happen.
A good example of this are the Houthi rebels in Yemen that while posessing inferior warfare technology to Saudis, they gave hell to them and forced Saudis to resort to trying to starve Yemenis and pulling out a numerous amount of troops from there.
There's a huge amount of countries there that can't access worldwide markets due to shithead authorities and embargos and I imagine Bitcoin Cash will spread like wildfire in these places very soon.
History has shown that people will do what they want and you can only stop them for a certain period of time before the tension blows up and those who were opressing will get hanged like Ceausescu did in 1989.
Vive la liberte!
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source https://www.reddit.com/r/btc/comments/9tup49/the_real_reason_bitcoin_cash_will_win/
Bollywood 2018: Why Investors In Movies Should Be ‘Bullish’ About Ayushmann Khurrana
Bollywood movies 2018 News: It won’t be right to state that performing artist Ayushmann Khurrana is by and by at the pinnacle of his career. He has been offering consecutive hits and has a lot of movies arranged in his kitty also. Ayushmann’s as of late released motion picture Bhadaai ho which likewise stars Sanya Malhotra, Neena Gupta and Gajraj Rao in key roles has not just awed the group of onlookers and the commentators with its abnormal idea, however, it has additionally been doing marvels in the cinematic world.
The Spotlight this week was on Ayushmann Khurrana who has been getting a charge out of a fantasy keep running in the cinema world with the two his movies Andha Dhun and Badhaai Ho striking gold. In discussion with NDTV’s Rohit Khilnani, Ayushmann talked about his whimsical profession up until now, his fantasy role, and significantly more.
Directed by Amit Ravindernath Sharma, the film has earned a sum of Rs 28.15 crore in its second week. On Monday the film printed Rs 2.60 crore and Rs 2.50 crore on Tuesday.
Ayushmann Khurrana on his dream of Bollywood movies 2018 run interview stated, “I chose the unconventional path from my first film (Vicky Donor). It has worked for me. As I said, my talent is to catch that uniqueness in a script. Today, only actors with a special talent will work. What will set you apart is your choice of films and scripts. It’s also important to make your own space. And if you own that space, nothing likes it.”
Curiously, Ayushmann past release Andhadhun was additionally a hit. Aside from being applauded by the group of onlookers, the romantic thriller likewise performed extremely well in the cinema world.
While the appropriate response of the question given by Ayushmann is, “What next would we be able to anticipate from you?” given is:
Aditya Chopra once told me that you should promise your audience a good film. That’s what I believe in. My promise to my audience is to deliver a good film. You will see that, he stated in NDTV news.
In the interim, Badhaai Ho is among those Bollywood movies 2018 which has been produced by Junglee Pictures, portrays the story of Ayushmann’s character and is woven around his mom’s (Neena) pregnancy which comes as a problem for his family, according to the report of Timesnownews.
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Russian State Duma Committee Considers Launch of Central Bank-Issued Stablecoin This article was originally posted on Cointelegraph - an independent publication covering cryptocurrency, the blockchain, decentralized applications, the internet of finance and the next gen [...]
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Precious Ledgers: Why Blockchain Is the Right Fit for Gold and Diamonds This article was originally posted on Cointelegraph - an independent publication covering cryptocurrency, the blockchain, decentralized applications, the internet of finance and the next gen [...]
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Professional Course Prepares Russian Lawyers for the Cryptocurrency Industry This article was originally posted on Bitcoin News - delivering news related to the Bitcoin network from multiple locations around the world. For more follow [...]
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BAT Price Surge Sparks new Coinbase “Insider Trading” Conspiracy This article was originally posted on The Merkel - with a dedicated cryptocurrency news section and also a variety of educational articles relating to Bitcoin, [...]
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HTC Exodus Phones Preparing to Ship in December (With More Questions Than Answers) This article was originally posted on Bitcoinist - one of the leading sources for information about Bitcoin, digital currency and blockchain technology. With one of [...]
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U.S. S&P 500 Price Index Now More Volatile Than Bitcoin (BTC) This article was originally posted on Ethereum World News - an independent news provider covereing Ethereum, Bitcoin, Ripple, Litecoin dApps, start-off ICO’s and the whole Blockchain [...]
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The Daily: SEC Ramps Up Enforcement, 60% of Smart Contracts Are Dormant This article was originally posted on Bitcoin News - delivering news related to the Bitcoin network from multiple locations around the world. For more follow [...]
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The SEC to Rule on 9 Bitcoin (BTC) ETFs After November 5th This article was originally posted on Ethereum World News - an independent news provider covereing Ethereum, Bitcoin, Ripple, Litecoin dApps, start-off ICO’s and the whole Blockchain [...]
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CoinField Crypto Exchange Believes XRP Can Survive Only With Widespread Adoption
The CoinField crypto exchange believes that Ripple’s XRP can survive only with its widespread adoption across crypto exchanges in particular and the crypto community at large. The exchange, which had earlier teased its fans and users about adding XRP to its fold, has finally made the move. It has fixed a commission fee of 0.05 percent on any XRP trading pair on its platform.
Ripple’s token XRP, has been working on its expansion plans even before it launched its platform. The XRP token with its minimal fees and fast transactions was brought to mainstream media. However, the only way it can continue to survive is to be adopted widely across the community. Although this is Ripple’s subtle campaign on its part, the individuals that are hollering together to make it a reality are none other than XRP users.
Crypto exchange CoinField also revealed on November 2 that it will be offering its services for 20 XRP trading pairs. This news has brought about a wave of excitement in the XRP community. The expansion plan shared by the exchange includes pairing XRP with CAD, EUR, USD, JYP, GBP and AED.
The XRP token has been evolving at a steady pace. The token has already been established as a base pair on the DCEX exchange. The latter allows customers to trade the token for the equivalent amount of Ethereum, Bitcoin and Litecoin. The exchange has also managed to link up a base pair with Bitrue. A recent poll by Weiss Ratings showed that with the inclusion of XRP on so many base pairs, the token is viewed as the most used and viable asset for investors that want to migrate between platforms, as reported on Bitcoin Exchange Guide.
Apart from CoinField crypto exchange, XRP was given a boost recently when it was added to a financial derivative dealer, CMC Markets, based out of the United Kingdom. CMC Markets has 12 financial hubs across the world. The company is even listed on the London Stock Exchange (LSE). Some other major cryptocurrency players have also come out in support of XRP, commenting on its advantages and use cases, as reported on AMBCrypto.
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Yes, investors like when we showcase capacity with stress tests. Note BCH also gained 15% with September 1st test.
Algorithms must be getting triggered after certain on-chain volumes reached. Nevertheless, we need to keep adoption growing. After the hard fork, we hope to test capacity harder. Details at https://stresstestbitcoin.cash/
You can help with ideas or follow discussions at https://memo.cash/topic/stresstestbitcoin.cash
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source https://www.reddit.com/r/btc/comments/9ttj9y/yes_investors_like_when_we_showcase_capacity_with/
Taiwan Readies For ICO Regulation In 2019, Amends AML Act For Crypto Exchanges
As Taiwan gears up for releasing draft Initial Coin Offering (ICO) regulation by June 2019, it has made amendments to existing anti-money laundering (AML) and counter terrorism financing (CFT) laws to place new requirements on crypto exchanges. The new amendments to the said acts will align the country more closely with international AML standards, as per Taiwan’s Ministry of Justice (MoJ). It stated that by ensuring good CFT and AML practices, Taiwan will help foster a compliance culture and mindset among local institutions and businesses.
Initial Coin Offerings (ICOs) have been the reason for creating tension throughout international jurisdictions that are keen on averting customer exposure to fraud. Mainland China has banned the practice of ICOs altogether. However, Taiwan’s Financial Supervisory Commission (FSC) is in the process of drafting a set of standards for ICOs. It intends to make tokens as liquid as stocks and easier to invest in.
The Financial Action Task Force (FATF) implemented changes to its CFT and AML standards for firms involved in crypto-related activities, such as crypto exchanges and providers of financial services for ICOs, last month. The Chairman of FSC, Wellington Koo who was speaking at a meeting of the Legislative Yuan Finance Committee on October 22, said that the more they regulate, the more this new economic behavior wanes, as reported on Cointelegraph.
The FSC can now ask the operators of crypto exchange platforms to implement “real-name systems”. According to this new system, users need to register their real names in accordance with the new provisions of the law. The MoJ stated that these new amendments not only align Taiwan more closely with international standards, but they will also make the country’s AML system more complete and build a culture that values legal compliance.
The Money Laundering Control Act was amended in 2016. However, it failed to fully prevent related financial crimes in crypto exchanges. The ministry according to the MoJ expects the fresh amendments to help Taiwan perform better in its upcoming evaluation by the Asia/Pacific Group on Money Laundering (APG). The evaluation will take place from November 5 -16, as reported on Focus Taiwan.
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AkzoNobel India Q2 profit down 5% to Rs 37 crore
New Delhi, Nov 3 (PTI) Paints and coatings maker AkzoNobel India on Saturday reported 4.91 per cent decline in standalone net profit at Rs 36.75 crore for the second quarter ended September 30, 2018 on account of higher tax incidence.
The company had posted a net profit of Rs 38.65 crore in the July-September quarter a year ago, AkzoNobel said in a BSE filing.
However, its total income during the reported quarter was up 8.33 per cent to Rs 721.88 crore as against Rs 666.36 crore in the year-go period.
“Net profit for the quarter at Rs 37 crore reflected a higher tax incidence compared to corresponding quarter of previous year, which included a tax refund, resulting in a decline of 5 per cent,” the company said in a statement.
AkzoNobel India Managing Director Rajiv Rajgopal said, margins were impacted by increase in raw material cost, depreciation of the rupee and unfavourable sales mix.
Total expenses of the company stood at Rs 664.37 crore as against Rs 611.56 crore, up 8.63 per cent.
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15 new projects to create 8,883 jobs in Odisha
Bhubaneswar, Nov 3 (PTI) Odisha Chief Minister Naveen Patnaik on Saturday conducted groundbreaking ceremony for 15 industrial units that would collectively invest Rs 1,807.92 crore in the state, besides creating employment for 8,883 people.
The projects are being developed by companies like Ultratech Cement, Welspun Ltd, Chettinad Cement, Surya Foods, P&A Bottlers, CRPL Infra, Vijaynagar Bio-tech, Coastal Corporation, Truism Resources, Wild Lotus Fashions, Flaminquo Sharimpex, Amasagar Sea Food, Jharana Steel Industries and Sabri Food Products.
Patnaik, who conducted the groundbreaking ceremony via video conferencing, said he is happy with the fast-paced progress of the investment plans.
“I am particularly happy to note that the private industrial park policy of my government has seen good response from the investor community and we have performed groundbreaking of the industrial park at Dhamra, which will promote port-led manufacturing in the state,” Patnaik said.
The chief minister said that in less than one year, the state has done groundbreaking or inauguration of 64 projects which created employment opportunities for more than 30,000 youths.
“This has only reaffirmed our position as the number one state in implementation of live manufacturing investments,” Patnaik claimed.
The chief minister said that the state’s focus is also to diversify the industrial growth across Odisha. In this regard, the maize processing plant at Nabarangpur will contribute significantly in creating new job opportunities for the people in this industrially backward district, he said.
The food processing industry, including seafood processing, is a strategic priority of the state government’s industrialisation plan that contributed over half of the projects (8 of the 15 projects).
This further strengthens Odishas position as the food processing hub of eastern India, Patnaik said.
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Online market killing Dhanteras sales, complain local sellers
New Delhi, Nov 3 (PTI) Sitting on his haunches, 64-year-old Satya Prakash Shukla carefully waits for the sound of a potential customer amidst the droning hubbub of Delhi’s posh Khan Market.
With a colourful spread of packed diyas in front of him, he moves his fingers deftly from one stack to another to pick out the products his visitors ask for, offering them the same with a smile.
“It doesn’t matter how many customers I get. God has provided for me and my wife all these years. Why should I worry about sales now?” the blind hawker said.
While Shukla might be indifferent to the profits he makes this Dhanteras, retailers across the city have a different story to tell.
“Online market has entirely killed our sales,” Suraj Singh of Aastha Steel Centre in east Delhi’s Mayur Vihar said.
Singh, whose modest shop is lined with a wide array of kitchen utensils, hasn’t had a very festive Dhanteras in the last few years.
“Earlier we would get large pre-Diwali orders of 500-700 items like cookers, tiffin sets, but now nobody is looking for such big orders. They only buy one or two items like spoons, steel plates, or bowls,” he said.
On the other hand, leading e-commerce websites are looking forward to Diwali.
Their market share has only strengthened over the years, they said.
With a focus on the next “100 million buyers”, Snapdeal, an India-based e-commerce website, told PTI that it has seen a 2.5-times increase in orders this year and 75 per cent of all orders were received from non-metro cities.
“Till now e-commerce has been about relatively homogenous metro buyers, relatively high-income and voracious internet users. Now the market is rapidly expanding beyond the first 100 million e-commerce buyers. The socio-economic demographics are now spread over a wider spectrum,” a Snapdeal spokesperson said.
The most popular items purchased on the online shopping website during the 2018 Diwali sale were sarees, bedsheets, utensils, among other products.
Besides the competition from online market, Mukesh Goyal of Kriti Creations blames the increasing prices of decorative and festive essentials for a dampened sale year after year.
“The common man is troubled with increasing prices. Essential items like statues of deities are taxable, camphor, which is important for Diwali rituals, is selling with 18 per cent GST. Earlier we had to pay only 5 per cent VAT on it,” he said.
Goyal, who is the third generation owner of the year-round festival shopping store in Khan Market, added that owing to such increasing prices “people choose online retailers, who get foreign funding and can afford bigger discounts and offers”.
Despite a seemingly excited crowd thronging Goyal’s shop, he said that the sales this year have not improved as the people “who used to buy statues worth Rs 21,000, are going away with those of Rs 1,100”.
“Nobody is placing large gift orders anymore” is a common sentiment resonating among local sellers like Singh and Goyal.
“Earlier customers used to send orders for gift hampers, today nobody is interested in them. They are more into small decorative items only,” Goyal said.
However, major e-commerce website, Amazon India shared data indicating that the market wasn’t as bad for the local sellers as it seemed.
A large part of the inventories of the online shopping portals was being provided by offline retailers, it said.
In its “Great Indian Festival” held between October 10-15, the e-commerce giant saw “new sellers growing by 300 per cent in sales over an average business day with 7,000 sellers crossing the millionaire mark”.
Snapdeal too believed in providing offline sellers with a “platform to start and grow their digital enterprises, even as they nurture their traditional, offline businesses.” PTI MAH TRS MAH
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![Bitcoin Cash [BCH]'s upcoming hard fork gets another supporter in Coinbase](https://b.thumbs.redditmedia.com/m1ZfMSovYv8iwghAaJ6LNqKyGFPD-gFA7cg9Rx6ErBo.jpg "Bitcoin Cash [BCH]'s upcoming hard fork gets another supporter in Coinbase")
When fork day is here and it turns out SV does not get majority hashrate, are all SV supporters going to leave our community and start their own and start using BSV? Or will they stay and keep on using BCH? And will they forgive CSW for not being able to keep his worth and get majority hash?
Sanctions will hit Iran in big way from Nov 5: Trump
Washington, Nov 3 (PTI) The US sanctions will hit Iran in a big way from November 5, President Donald Trump has said, asserting that the “toughest-ever” punitive measures have been put in place for a “corrupt regime” in Tehran.
Speaking with the reporters at the White House on Friday before leaving on a campaign trail, Trump said Iran was not the same country which it was when he started almost two years ago.
“Iran is a much different country since I terminated that deal. That was one of the most ridiculous deals ever made by any country, at any time: the Iran nuclear deal,” he said.
“They’re very serious sanctions. They’re very big. They’ll be elevated from there. But, as you know, sanctions are starting on Iran and, Iran is taking a very big hit,” HE said.
In May, Trump pulled the US out of the 2015 landmark Joint Comprehensive Plan of Action (JCPOA) terming it as disastrous”.
Under the Obama-era deal, involving five permanent members of the UN Security Council and Germany, Iran agreed to stop its nuclear programme in exchange for relief from economic sanctions.
After the US’ withdrawal from the deal, Trump signed fresh sanctions against Iran and warned countries against any cooperation with Tehran over its controversial nuclear weapons programme.
Iran has dismissed these charges and maintains that its nuclear programme is for peaceful purposes.
“And just today, we riposted all sanctions that were lifted under that horrible deal. We now have in place the toughest ever sanctions on a corrupt regime in Iran,” Trump told his supporters at an election rally in West Virginia.
Earlier in an interview with the Sean Hannity Show, US Secretary of State Mike Pompeo alleged that Iran was the world’s largest state sponsor of terror.
“We’re trying to change the ayatollah and Qasem Soleimani’s behavior to keep the American people safe and secure. That’s the mission, these sanctions are a part of our effort, and they’re already being felt by the Iranian leadership,” he said.
On Monday, November 5, the US will not only be re-imposing the sanctions that were in place before the crazy Iranian nuclear deal was entered into, but there’ll be over several hundred designations, Pompeo said.
“We will ultimately move Iran to zero crude oil. That’ll take us some number of months to do that. We’ve been able to do that in a way that hasn’t had a huge impact on crude oil prices. That’s a good thing for American consumers,” Pompeo said.
However, the US is expected to give a short-term waiver to eight countries which could include India because of its commitment to significantly reduces import of oil from Iran.
The waiver would be granted for six months period and then would be re-evaluated by the United States, Special US Representative on Iran, Brian Hook told reporters.
These eight countries are among the top 20 oil importers from Iran, he told reporters.
“Our goal remains getting countries to zero imports of Iranian oil. In 2019, our projections are that oil supply will exceed demand, and that creates a much better atmosphere for us to bring remaining nations to zero as quickly as possible,” Hook said.
“Unlike in prior administrations, we will ensure that the money is not spent on illicit activities, that there isn’t any leakage in these escrow accounts, and we will work closely with countries to encourage the sale and purchase of humanitarian goods to benefit the Iranian people.
“Our sanctions regime has very clear exceptions for the sale of food, medicine, and medical devices,” he said.
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Bayaweaver to invest Rs 1,000 cr on Noida commercial project, ties up with IIFL for funding
New Delhi, Nov 3 (PTI) Realty firm Bayaweaver will invest around Rs 1,000 crore over the next four years to develop a commercial project in Noida, which will have retail space, hotel and service apartments, a top company official said.
The company has already tied up with India Infoline Finance Ltd (IIFL) to fund this project, Bayaweaver CEO Himmat Singh said, adding that the construction work has been awarded to Australian firm Leighton.
Bayaweaver, which is a realty arm of property brokerage firm BOP India, has roped in ‘Radisson Red’ to operate its hotel, he said.
“We are coming up with a commercial project in Sector 129 on Noida Expressway comprising 1.9 million sq ft of built-up area and 1.3 million sq ft of saleable area,” Singh told PTI.
In August 2014, BOP India bought 4.67 acres of land parcel from Jaypee Group for 390 crore.
The project ‘Oh my God’ would have 3.25 lakh sq ft of retail area, a 4-star hotel and 800 service/studio apartments, he said, adding that the name of the shopping mall has been kept ‘X-Noida’.
“The project has been registered under the Uttar Pradesh regulatory authority set up under the realty law RERA. The construction work is going on at a fast pace. We will deliver the total project by August 2022 but retail area would be operational in 2020 only,” Singh said, adding that the construction is being done by Leighton, which is the world’s leading construction project contractors.
On project cost, he said the total investment would be Rs 980 crore, including land and construction cost.
Singh said this 4.67 acre project is rightly located within catchment of 64,000 housing units as well as office buildings with corporates like Accenture, Genpact, Maxlife, Adobe and TCS, among others.
Bayaweaver is selling the retail space in this project but has kept the leasing right as well as facility management with itself to make this project viable for its investors.
The company is selling retail area in a price range of Rs 15,000 per sq ft to Rs 30,000 per sq ft. The ticket size of fully-furnished studio apartments is Rs 70 lakh to Rs 1.5 crore.
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212 firms went for liquidation under IBC: official
Kolkata, Nov 3 (PTI) Around 212 firms were sent for liquidation under the Insolvency and Bankruptcy Code (IBC) till September-end, a top official said Saturday.
Insolvency and Bankruptcy Board of India (IBBI) whole-time member Navrang Saini said 1,198 corporates were admitted into the resolution process, of which 52 had been successfully resolved.
“Most of cases were inherited from the erstwhile BIFR (Board for Industrial and Financial Reconstruction). This is why the number of companies going for liquidation is high,” Saini said during an interaction at the Merchants Chamber of Commerce & Industry here.
Recovery under the insolvency resolution process ranged between 50 per cent and 100 per cent, he added.
Another official of IBBI said that so far, the National Company Law Tribunal (NCLT) benches have received 192 cases of preferential, fraudulent and undervalued transactions.
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US allowing India to keep buying Iranian oil upholds consuming nations’ interest: Pradhan
New Delhi, Nov 3 (PTI) The US decision to let India keep buying oil from Iran after reimposition of sanctions on the Persian Gulf nation is a reassertion that interests of consuming nations can not be ignored, Oil Minister Dharmendra Pradhan said Saturday.
The US administration has allowed India and other seven countries to keep importing oil from Iran, despite its reimposition of crippling sanctions on the Persian Gulf nation from November 5.
“Hon’ble Prime Minister’s forceful campaign has been that you can’t ignore interests of consuming countries. Understanding geo-political situation, India has been able to get its way. The US has given waiver to some countries including India,” Pradhan told reporters on the sidelines of an agreement signing event between CSC e-Governance Services and oil marketing companies – BPCL, India Oil and HPCL.
US Secretary of State Mike Pompeo said Friday that the US would temporarily allow eight countries to continue buying Iranian oil even after enforcing its sanctions on Tehran.
“I give credit of this to emerging acceptance of world leadership of Prime Minister Narendra Modi. From this campaign not only India but other consuming nations will be benefitted. The nitty-gritty of this will come gradually,” he said.
While the US had previously wanted countries including India to completely halt oil purchases from Iran by November 4 when its full sanctions against Tehran come into force, it seems to have relented considering the havoc the move to completely take out Iranian supplies from the market would have had on prices.
India, which is the second biggest purchaser of Iranian oil after China, is willing to restrict its monthly purchase to 1.25 million tonnes or 15 million tonnes in a year (300,000 barrels per day), down from 22.6 million tonnes (452,000 barrels per day) bought in 2017-18 financial year, sources in New Delhi said.
Pompeo said the US is to issue temporary exemption to eight “jurisdictions” from Iranian sanctions recognising their significant reduction in imports of oil from Iran. The names of the jurisdictions would be released on Monday.
The US will allow the eight nations to import Iranian oil but only at much lower levels after the reimposition of sanctions on Monday, Pompeo said.
The sanctions will penalise countries that do not end importing Iranian oil and foreign companies that do business with blacklisted Iranian firms.
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India, other Asian countries benefited from opening up trade: Panagariya
New Delhi, Nov 3 (PTI) India and several other Asian countries have in the past defied the belief that protectionism is good for developing economies as these nations reaped benefits of opening up trade and lower tariffs, eminent economist Arvind Panagariya said Saturday.
Lower trade barriers help countries in achieving high growth rates and in reducing poverty, he said, adding that “we can casually link free trade to high per capita incomes”.
“When a country opens up trade, (then) growth happens and it invariably reduces poverty…Asian tiger economies (Hong Kong, Singapore, South Korea and Taiwan), China, India and Vietnam reduced trade barriers and they benefited,” he said at the launch of his new book ‘Free Trade & Prosperity’.
Panagariya, who is currently a professor of Indian Political Economy at Columbia University, noted that due to rapid growth, countries like India and China were able to pull out millions of people out of poverty
The economist, who was also the vice chairman of Niti Aayog, said that he expect institutions like WTO to survive, but some modification will happen in it.
On protectionism measures being adopted by some developed nations, he said despite of that trend, most part of the world remains open even today.
Panagariya observed that 50-60 years ago, there was a general consensus that free trade would be good for developed economies like the US, Japan and European countries and protectionism was beneficial for developing economies.
“Some countries defied that consensus. East Asian tiger economies opened up their economies in 1970s and grew rapidly and showed that free trade was even good for developing economies,” he noted.
Panagariya pointed out that in 2002, India merchandise exports stood at USD 50 billion and it grew to USD 300 billion in 2011.
On the occasion, Niti Aayog CEO Amitabh Kant said India’s exports to GDP ratio is 11 per cent, which is too low compare to other emerging economies.
“You can’t do exports without imports. If you put import barriers then you won’t be able to export,” Kant said.
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In retrospect the biggest mistake in the bitcoin community is not having decentralized DNS
If all it takes is Proof of Domain Name (bitcoin.org, bitcoin.com), then it does not matter how much hash is behind which ever copy of the bitcoin blockchain.
The right thing would have been build up Namecoin and start running services based on their .bit domain names.
Then each service provider would be implicitly tied to the longest chain implicitly... maximum security and continuity.
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source https://www.reddit.com/r/btc/comments/9tri8h/in_retrospect_the_biggest_mistake_in_the_bitcoin/
BCH vs BTC debate developing at largest Swedish internet forum - please help
So I made a thread the other night over at Flashback.org economics/crypto section. Flashback is basically the reddit of Sweden but without voting and less censorship.
https://www.flashback.org/f465 called "Det är dags att gå in nu" (it's in the top)
To my surprise it became pretty popular and shows up at the "popular topics" page, and as you would have guessed people are already spewing r/bitcoin talking points like "on chain scaling is impossible" and "Bitcoin isn't meant to be spent".
If any other cool Swede from r/btc could help out and make it an active and informative thread that would be great. If we can keep it in the "Aktuella ämnen" section we can reach a lot of people and promote not only BCH but sound crypto in general as a means of financial freedom.
Tack på förhand!
[link] [comments]
source https://www.reddit.com/r/btc/comments/9tsdpt/bch_vs_btc_debate_developing_at_largest_swedish/
Satoshi whitepaper's "longest chain is Bitcoin" rule does not apply when comparing two chains with different consensus rules.
I have heard countless arguments that if SV ever gained 75% hashrate and forks, then it must be called BCH because it is the longest chain according to Satoshi's whitepaper.
This statement is absolutely false. The whitepaper only used the longest chain rule to help determine which chain is Bitcoin in the event the Bitcoin network is being attacked. Because there will be more honest nodes mining, the longest chain wins. The longest chain is only used to determine winner of 2 chains using the same consensus rules.
When 2 chains are following different consensus rules, longest chain does not matter at all.
See for example the ETH/ETC hardfork. Different consensus rules. No one cares which chain is longest (i.e. more work). Users decide which they want to call Ethereum.
If there will be a contentious hardfork with SV nodes forking to a 128MB chain, it doesn't matter if that chain has 75% of the miners on it. 2 different consensus rules means 2 different coins. And users will decide which coin they will call Bitcoin. Hashrate and miners don't decide that for the users.
Here's an analogy. What happens when chess game makers decide to come together to change the chess board from an 8x8 to a 9x9 board because they think having more space to play chess is better? Would users just accept that and call the new game chess? No, they won't refer to the new game (with new rules) as chess. They will still refer to the original game (on an 8x8 board with the original rules) as chess.
That said, it is possible that users will decide that the SV fork is the true BCH. But it will be because they choose to call that the real BCH, and not because a majority hashrate demands it to be called Bitcoin.
[link] [comments]
source https://www.reddit.com/r/btc/comments/9tsm2p/satoshi_whitepapers_longest_chain_is_bitcoin_rule/
Indo-China border trade through Lipukekh pass stands at over 6 cr this yr
Pithoragarh, Nov 3 (PTI) Business transactions worth over Rs 6.55 crore took place between India and China this year through the border at Lipukekh pass in Uttarakhand.
Total business transacted between the two countries through the border this year was 6.55 crore. Of which imports by Indian traders stood at 5.59 crore and exports by them stood at 96.5 lakh, trade officer P S Kutiyal told PTI on phone from Dharchula.
Border trade between the two countries through the Lipukekh pass conducted for five months from June to October at Taklakot mart in Western Tibet on the Chinese side.
A total of 244 Indians, including 70 traders and 174 helpers, went to Taklakot mart this year to do business with their Chinese counterparts, the trade officer said.
Indo-China border trade, aimed at strengthening economy of tribal border villages was resumed in the year 1992.
The traditional trade with erstwhile Tibet had been closed after the 1962 border conflict between two countries.
According to the trade officer, the Indian traders exported commodities like tea, coffee, jaggery, sugar candy, tobacco products and cosmetics; and imported raw Tibetan wool, readymade garments, shoes and cements bags.
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Brazil’s Tax Authority Goes After Cryptocurrency Profits This article was originally posted on Bitcoin News - delivering news related to the Bitcoin network from multiple locations around the world. For more follow [...]
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Gold edges up on festive demand
New Delhi, Nov 3 (PTI) Gold prices recovered by Rs 20 to Rs 32,650 per 10 gram at the bullion market Saturday on festive season demand even as the precious metal weakened overseas.
Tracking gold, silver too rose by Rs 30 to Rs 39,530 per kg.
Traders attributed the moderate recovery in gold prices to fresh purchases by jewellers to meet festive season demand but a weak trend in global market capped the gains.
Globally, gold shed 0.06 per cent to USD 1,233.20 an ounce and silver by 0.03 per cent to USD 14.82 an ounce in New York on Friday.
In the national capital, gold of 99.9 and 99.5 per cent purity edged up by Rs 20 each to Rs 32,650 and Rs 32,500 per 10 gram, respectively. It had dropped by Rs 150 on Friday.
Sovereign, however, remained flat at Rs 24,900 per piece of eight gram.
Silver ready traded higher by Rs 30 to Rs 39,530 per kg and weekly-based delivery rose Rs 274 to Rs 38,820 per kg.
Silver coins were unaltered at Rs 76,000 for buying and Rs 77,000 for selling of 100 pieces.
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Hong Kong’s Approach To Cryptocurrency Exchanges Differs From China, SFC Proposes Sandbox
Hong Kong differs significantly in its approach to cryptocurrency and exchanges, from China. The Securities and Futures Commission (SFC) proved this by proposing a regulatory regime dubbed as a “sandbox” for crypto exchanges in the Asian financial hub. Chief Executive, Ashley Alder announced this on November 1.
According to Alder, the market for virtual assets is still quite young and trading rules may not be fair and transparent. The SFC’s latest proposals pertain to fund managers who invest more than 10 percent of their holdings in virtual currencies, with entities serving exclusively professional traders who are inclined to join a sandbox scheme that’s designed to give more room to develop new services and products. For other traders, a licensing process will be in place, wherein entities will need to inform the SFC about their business practice.
Virtual currency and cryptocurrency exchanges have been one of the hottest topics of international debates. Different governments across the world are adopting different approaches towards the same. While China has been very hostile towards cryptocurrencies, Japan, Russia and Australia have shown a lenient approach towards the industry. The Hong Kong government has taken the best stand perhaps by introducing a crash course on ICOs and cryptocurrencies.
Hong Kong became the hottest destination for many crypto exchanges to set up their offices in, as well as for miners after China declared its hostile policies and began a crackdown on miners and exchanges, as reported on CryptoGround. The Hong Kong government took the initiative to start a crash course program, as they realized the fact that it is hard to ban cryptocurrencies. Hence they thought the best bet is to educate the investors and make them well informed to be able to take well-educated decisions.
Alder stated that those cryptocurrency exchanges that wish to be regulated by the SFC will be set apart from those that don’t. He further added that in the “sandbox” stage no formal regulatory approval will be given to any exchange. Alder said that this is an opt-in approach for platform operators and exchanges. They will be able to first explore the conceptual framework with the SFC in a strict sandbox environment, as reported on Reuters.
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US-based data management firm NetApp bullish on India; to hire more talent
Las Vegas, Nov 3 (PTI) US-based NetApp is eyeing big on Asia, particularly India, and would hire more people from the country, senior executives of the data management company have said.
The proposed hiring will be done at the firm’s global centre of excellence in Bengaluru, where about 2,000 people are currently employed, they said.
“Bengaluru is the largest engineering centre in India. Last year, we had inaugurated a large campus there to provide for the capability of transition from primarily being an engineering centre to a global centre of excellence. And we are moving more headcounts to Bengaluru over the next few years,” NetApp Chief Executive Officer George Kurian told PTI.
He said Asia continues to offer growth opportunities for it.
“There are many other companies who we can work with to expand our footprints (in Asia). We definitely see the Asia-Pacific region growing as a percentage of total NetApp business over the next few years,” Kurian said.
He said geographically, NetApp’s Asian business has been outpacing other parts of the world.
“It has grown from low double digits to high double digits. It is growing because both economic landscape and IT industry is growing in Asia faster than the rest of the world and we are gaining a market share,” he said.
Talking about the future of data management and storage, he said digitisation is a trend which is well under its way.
“As a result, data is increasingly seen by the Chief Executive Officers or the Chief Information Officers (of companies) as the most strategic assets other than people for their digital businesses.
“So it is our belief that when something is that strategic to an enterprise, they are going to spend money to figure out the best way to use it and manage it,” Kurian said, adding that the business for data management will grow in future.
According to Deepak Visweswaraiah, senior vice president and managing director, NetApp India, Bengaluru centre is “very strategic” for the company.
“We have somewhere close to about 500 patents filed out of India’s centre. Out of which more than 50 per cent has been granted out of the US patent office. To that end innovation cycle is very active and vibrant at India’s centre,” he said.
Visweswaraiah said “we continue to hire and grow the centre” in Bengaluru.
“India is one of the fastest growing markets for us,” he said.
During the recently-concluded three day event NetApp insight here, the firm had announced partnership with DreamWorks to develop and oversee the studio’s customised data fabric approach. DreamWorks is a Glendale-based leader in family entertainment.
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Thank You Roger Ver and Bitcoin.com for making the right decision
I know it isn't easy to get in the middle of controversy. But Bitcoin.com's bold action today created an avalanche and started collapsing the house of cards. nChain's attack on, and powergrab for control over Bitcoin Cash is quickly failing.
[link] [comments]
source https://www.reddit.com/r/btc/comments/9tqaah/thank_you_roger_ver_and_bitcoincom_for_making_the/
The whole first page is filled with posts about an irrelevant loser who has never delivered anything. Here's some adoption stories instead:
- Nexo has recently added BCH to their lending platform
- The laughable BCH insider trading lawsuit against Coinbase has been dismissed
- Pandacash developed a one-click SDK for BCH, deservingly winning Devcon
- You can pay with BCH in almost every country where takeaway.com is a thing
- BCH is a top gainer in price today amongst the high-cap coins, because Binance removed some of the uncertainty around the fork and announced support. Higher BCH price means a higher likelyhood that Bitmain's ICO would be a success, and this in turn means more money invested in BCH adoption over the long run.
- The Money Button is going to continue working on the winning chain (we all know which chain that would be) and Ryan X Charles is actually a great spokesman for some of the reasonable opinions that the SV camp holds.
P.S.
CSW has around 3% of the total SHA256 hashrate, and he's going against the company that creates the miners.
He's the equivalent of a small puddle, barking at a german shepherd while peeing itself.
The only reason he's been receiving more attention than your average troll is that he's milking Calvin Ayre for cash to rent i8-s with, and then taken photos pretending like the cars are his.
Instead of giving him undeserved attention (I guess now I'm guilty of the same), how about we focus on actually important stuff like the bullet points above, shall we?
[link] [comments]
source https://www.reddit.com/r/btc/comments/9tpxe6/the_whole_first_page_is_filled_with_posts_about/
I don't care what side you're on. But remember that we are succumbing to mob think, misinformation and divide and conquer tactics.
I have learned a lot about Bitcoin today. I am not so sure if Bitcoin can work, if this is what's doomed to happen.
I am an SV supporter. I've done more research than you. Get over it. But the important part is, we need to diminish the role of Proof of Social Media as much as possible and get our heads in the game.
This is for the miners to decide. Your job is to make sure that necessary information regarding the hash war is disseminated and parsed properly, without ad hominen or faketoshi BS. Period.
We are repeating the mistakes of the past.
[link] [comments]
source https://www.reddit.com/r/btc/comments/9tsd56/i_dont_care_what_side_youre_on_but_remember_that/
Don't forget that BTC trolls are here trying to divide Bitcoin (Cash) before it takes over with on-chain adoption.
Most of the SV vs. ABC posts were users from r/bitcoin. Even now I'm seeing them respond to the positive Bitcoin.com and Coinbase news with trolling. Both exchanges are sticking with Bitcoin ABC along with 85% of miners.
Sure, there were a few nChain users that wanted the immediate SV changes, but nobody else is serious about splitting Bitcoin Cash over the tiny differences of opinion, which are mostly about the ordering of upgrades.
Keep calm and carry on(-chain)!
[link] [comments]
source https://www.reddit.com/r/btc/comments/9tmssb/dont_forget_that_btc_trolls_are_here_trying_to/
![It would appear that after the Binance and Bitcoin.com annoucements, SV it toast. Congratulations everyone. BCH FTW. [ABC: 79%, SV: 15%]](https://b.thumbs.redditmedia.com/VisHxm8LByTxJ8WuJv6tAB_n1-JBKprCcLzqwTal9qw.jpg "It would appear that after the Binance and Bitcoin.com annoucements, SV it toast. Congratulations everyone. BCH FTW. [ABC: 79%, SV: 15%]")
Stop talking about individuals, start talking about software implementations.
ABC vs SV
Stop the bullshit. Talk what matters
[link] [comments]
source https://www.reddit.com/r/btc/comments/9trcy6/stop_talking_about_individuals_start_talking/
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