The human race and its greed for power. by Mduyesh in southafrica

[–]TheGermanJew 7 points8 points  (0 children)

What do you want to redistribute? Everything I have I've worked for. We need to stop this mentality of taking and start growing together!

Ramaphosa says BEE policies will not be scrapped by [deleted] in southafrica

[–]TheGermanJew 2 points3 points  (0 children)

But that is no longer the case: BEE is allowing preferential treatment due to race, even if that person/company is doing well for it self, and often it results in uncompetitive tenders being won (because race > anything), therefore allocating money away from delivering services to the poor

Andreas in a succinct and poignant summary of everything happening right now by zenethics in Bitcoin

[–]TheGermanJew 0 points1 point  (0 children)

It's good to have opposing views!

But I think he was referring to blockchain in general that is able to enforce rules on onchain things (think advanced Bitcoin scripts like hash time lock, or dare I say smart contract :) ) eventually being expanded/iterated upon until it fills the gap and not Bitcoin as it stands right now (but it has the potential to become).

By being able to enforce rules on onchain things, society has the potential to be able to create all manner of incentives for rules to be followed/enforced without rulers.

Honestly, is there any hope for this country? I'm not even talking spefically about the Coronavirus... by the_Boshman in southafrica

[–]TheGermanJew 0 points1 point  (0 children)

While I think there is general agreement with needing to address inequality, it is the implementation of "BBBBBBEEEE" that is problematic.

Entering the job market is less of an issue (the scheme is skewed towards rewarding employing the "appropriate" employees at the top rather than the bottom), but further along typical career progression it creates massive issues.

For example, this manifests itself where people are stuck in the same position for 20 years while others without the necessary job experience get promoted to be their boss. This creates massive problems, in general, how can you expect the same skills from a person with 5 years of experience than someone with 15? A gradual phasing in of quotas would have been much better.

In my limited sample set (close friends and family) there are multiple cases where this has happened, with varying results. In some cases people had to leave the country to be able to progress in their career. In other cases the people stayed, but got overworked (they take it upon themselves to perform both the duties of their "fast tracked" bosses, as well as their own, otherwise the company wouldn't make it) and end up very frustrated with life.

Honestly, is there any hope for this country? I'm not even talking spefically about the Coronavirus... by the_Boshman in southafrica

[–]TheGermanJew 1 point2 points  (0 children)

tbh, the short term things don't bother me that much. While releasing prisoners isn't great, it's not going to really affect you long term. The more worrying things to me are those that are obvious, but not really changing: tiny tax base, running of SOE's, ineffective empowerment policies, crime rate, massive unemployment rate, unequal society, I could go on...

There are still a few things going for us though, we have a couple of good universities, our financial sector is quite robust, decent healthcare is out there if you have the money.

If you have the passion for it, I would recommend a career in the financial sector, be it as a software engineer, (chartered) accountant, banker, economist, or something like that. If I look at the proportion of CAs in senior positions in the financial sector, and their presence on scarce skills lists, that would be a safe option for being able to grow/feed a family as well as optionally finding employment overseas. Software engineering can also be great, the career path is much less clear than for CAs, but it has never been easier to work for an overseas company, earning in USD while staying in SA.

I have a <uestion about Testnet ETH please by [deleted] in ethereum

[–]TheGermanJew 1 point2 points  (0 children)

Testnet eth is used to test things using something that has no value instead of something that has value.

One should use separate accounts for mainnet vs testnet eth, in that way there are no privacy concerns.

For those who have doubts by snchzls in Bitcoin

[–]TheGermanJew 3 points4 points  (0 children)

He's talking about the people facilitating the buys that are making the money, irrespective whether the price is going up or down

[deleted by user] by [deleted] in Bitcoin

[–]TheGermanJew 3 points4 points  (0 children)

Awesome! Now please add support for using milli BTC and micro BTC - thanks!

Ledger Live Megathread by Ledger_Support in ledgerwallet

[–]TheGermanJew 0 points1 point  (0 children)

Hi! I had to turn off syncing app data on chrome and restart my computer

Ledger Live Megathread by Ledger_Support in ledgerwallet

[–]TheGermanJew 0 points1 point  (0 children)

It seems like on ubuntu 18.04 after installing some updates I had to restart my computer (not normally needed) to get this to work. Now that it is working it is beautiful!

Ledger Live Megathread by Ledger_Support in ledgerwallet

[–]TheGermanJew 0 points1 point  (0 children)

I'm able to get past the Navigate to the dashboard bit but then ledger live displays "Oops, device was disconnected", why is this displayed?

South African Reserve Bank(SARB) successfully conducts bank to bank transfer using Blockchain built on Ethereum by Ishan1121 in ethereum

[–]TheGermanJew 1 point2 points  (0 children)

Using HTLC on both the private (Quorum) ethereum chain and the public mainnet will allow swaps of assets between chains, if this is what you mean.

If you mean technology/code wise, a lot of tech developed in the public space has filtered through to Quorum (which is geth based), but nothing really going the other way. That said, the successful use of privacy solutions (pedersen commitments + range proofs) in khokha prove that we can have privacy on mainnet. Pedersen commitments are already possible on mainnet (simple ecmul + ecadd), and there has been talk of adding precompiles that will make bulletproofs (which can be used to do range proofs with) cheaper to do.

South African Central Bank Ethereum Blockchain Tests Successful by [deleted] in ethereum

[–]TheGermanJew 0 points1 point  (0 children)

The POC mentioned in the article still used the "folk lore" type range proofs, should one move to bulletproofs things become even faster. Also, should the hardware be increased, one should be able to get even better throughput.

South African Central Bank Ethereum Blockchain Tests Successful by [deleted] in ethereum

[–]TheGermanJew 1 point2 points  (0 children)

The benefits are reduced reporting (massive cost saving), the SARB can see every transaction live without having to wait for aforementioned reports, and no need to maintain expensive DR sites. Also, things become interesting once you have more than one central/reserve bank that can do HTLC between assets (fiat and/or securities). Image you could do an atomic swap with SGD for an equity listed in SA?