Mmhhh regulation to protect consumers... Mmhhh how could we make this possible? Sounds unrealistic to regulate something as big as a financial sector.

Perhaps PoR could be a solution to something so unregulatable? Or perhaps just use what we have fine-tunes the last 100 years?...

And independent of if Bitcoin is or not: the 'how it's used' matters because the theory matters less.

While people like to claim there is some anti-censor magic, it's not really true when block space is full. There is nothing in the code to penalize miners for ignoring a particular transaction for weeks or forever.

Bitcoin was an amazing advancement and I hope it can grow into solving some of these apparent challenges.

His cigarette comparison is spot on.

After all you also need to read and sign that you have knowledge when opening a brokerage account too.

We are a safe society. Sane default is build (more or less) so lifing is safe for us.

Do I need a warning label that cereal (plenty of them) are just sugar treats? I don't clearly plenty others do.

Yes, and put them in generic brown bag please.

I think baas is bullshit for security reasons alone.

Eyes, ears, nerves across your skin, group behavior, parents etc.

This to comprehend (alone the visual) is gigantic.

A brain also has an architecture which is NOT similar to what gpt-3 does

Alone the difference in how brains train alone is huge.

> Eyes, ears, nerves across your skin ...

We have a limited but adequate amount of input, across very few domains. (I can't even see backwards.)

> ... group behavior, parents etc.

That's not sensory input?

Something which got doesn't has.

But you can give that another name if you like.

It has a sensible layer of complexity for what you get out of it.

Your German rant is still stupid, no one would do that manually or would otherwise just take the time and effort to learn what is necessary.

Unfortunately for this discussion I have no clue how the UK version really compares to the German one and I also don't know from a statistical point of view if this is a real problem.

After all just creating some company implies a lot of things you need to know anyway like doing the taxes right and doing all other critical things like the yearly get together with all participants.

but there is a reason that a significant proportion of the startups in Germany were UK Ltds until Brexit cooled that down. I don't take it as a positive sign for the process that people will literally use another country's registration process because the home one is so bad.

The reason was that the GmbH required depositing 25k. But the UG already solved that problem and afterwards the UK Ldt didn't really make sense anymore.

We had some investors refuse to invest in us as a German company because it was just too much hassle, and not worth the cost if they made a relatively small 10k€ investment.

UK Ltd much easier to invest into.

In the end it comes down to cost of business. If the German market is interessting enough, a GmbH is just one thing to do. If it is not, pick another EU country.

It only adds a layer.

I would be curious for this layer as it would be novel.

That's such a beautiful example why Bitcoin is garbage.

If you have 100.000k shells and have 0 value you still have physically 100.000k shells you can still do things with.

While you have literally a private key representing 100.000k bitcoins with no value.

Just a week ago someone got cought and the fbi took his 3 billion dollar worth of BTC.

Sending crypto to someone in Iran or Russia is against the law independent of how you do it.

And just because you can send BTC to Iran someone in Iran also needs to exchange it to something real again.

While banking is more restrictive, when you go to your bank with your passport, you actually can recover your account. I know someone who lost 10k because he lost his key.

For most people it's saver and easier and they are not affected and don't care about all those BTC/crypto benefits at all

Here's some actual data you can look at: https://mempool.space/graphs/mining/block-fee-rates#all

Look at the "Min" fee rate; regularly very close to 1. That's $0.02 at current prices.

Of course you can even pay 0 but you know it's not the normal someone would wait days for the transaction going through.

You clearly did not use Bitcoin often enough otherwise you could just looked the spikes up yourself. That first corona year was even worse with the fees.

I literally posted a source showing you it's very cheap. The minimum fee is the lowest fee you'll pay to get into the next block.

I used Bitcoin way back in 2010. Though I don't understand why that makes a difference since you can look up the prices in hindsight.

One thing to keep in mind: laws are not always just.

I believe it's okay to sometimes not follow the law, if the law is unjust. One example: in WW2 Germany there were many laws against minorities that were unjust [0]. Most law obedient people would follow these laws regardless.

Perhaps a person want to support his family in Iran or Russia that's going through difficult times. And perhaps crypto is the only way to help. In such cases I think it's okay to oppose the law.

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[0]: https://encyclopedia.ushmm.org/content/en/article/the-nuremb...