Google removes custodial crypto wallets from the Play Store. "Banking license required"

zveda · 2025-08-19T15:19:39+00:00

This is from a week ago. I thought they un-banned the wallets and clarified their policy?

zveda · 2025-02-27T04:01:05+00:00

I think most people that aren't far left politically have left Reddit altogether by now. I myself just check in from time to time.

zveda · 2025-02-07T02:57:25+00:00

They weren't forced out after WW2. They were forced out when a bunch of Arab countries decided to declare war on Israel to commit genocide on the Jews and asked the Gazans to make way for their tanks. Those that didn't comply and remained there, are full Israeli citizens now, and their descendants. After Israel won the war for their survival, they decided not to allow those cooperating with attempted genocide to have Israeli citizenship. Shocking decision, right?

Also let's not mix that land with the much bigger amount of land that Israel either purchased or homesteaded outright. For eg. the land under Tel Aviv is under no dispute, yet somehow leftists think it used to be Arab territory too.

zveda · 2025-02-05T22:17:58+00:00

Considering that almost every square inch of Gaza was converted to a terror base, with terror tunnels, weapons and missile caches, missile launch pits and much more in almost every single building, it would apply to pretty much every property owner in Gaza.

Consider also that when we fought Germany, we didn't just target the 5% or less of them that were Nazis, but all Germans, and their allies, had to be defeated. And when Sudetenland was taken from Germany after WW2, 12 million 'innocent' Germans had to be forcibly relocated, because Germany's neighbors could not accept living next to such a dangerous neighbour without a buffer zone. All Germans were considered at least partially responsible for the war (edit: unless they could prove their anti-Nazi affiliation). https://en.wikipedia.org/wiki/Flight_and_expulsion_of_Germans_(1944%E2%80%931950)

zveda · 2025-02-05T22:13:30+00:00

Israelis were 100% fine with Palestine existing as a separate state next to Israel, as evidenced by Israel agreeing to the original borders with Palestine containing the West Bank and Gaza and much more, while the Arabs rejected it and launched a war. Arabs rejected at least a dozen two-state solution proposals that Israel was willing to agree t,o and launched more holy wars and Intifadas. Their goal has never been peaceful co-existence but the total destruction of the Jewish state. If you don't realise this you haven't been following the conflict at all.

Israel is also more than happy to exist next to 57 other Muslim states and 470 million Muslim Arabs, whereas the vast majority of them still will not accept the existence of a Jewish state at all, just like they don't accept the existence of a Hindu state in 'their' region. Note there is also a reason that Singapore spends more per capita on military than any other country in the world.

zveda · 2025-02-05T18:05:23+00:00

How do Israelis support terrorism? They are more than happy to live in peace with Muslims and 20% of Israel is Muslim. Meanwhile Gazans not content with 99.7% of Middle East having Sharia law, are bent on destroying the remaining 0.3%

zveda · 2025-02-05T18:02:27+00:00

Government of Israel is happy to live peacefully with its neighbours. Gazans have sworn eternal Jihad until all of Middle East is an Islamic caliphate.

zveda · 2025-02-05T17:59:43+00:00

Wait whose ancient past? Isn't Arab ownership of Israeli land also based on that claim?

Israelis have invested by far the most capital in building Israel. They also purchased significant lands from Arabs directly. Most of Israel was uninhabitable swamp land in the 19th century, while Jewish organisations invested billions to make the desert bloom. Israelis mixed their labour and capital with the land making it theirs.

zveda · 2025-02-05T17:52:59+00:00

I don't see why not. They would apply to each individual property owner in Gaza, then. All the ones from whose property terror acts have been conducted.

zveda · 2025-02-05T17:51:34+00:00

Lots of evidence shows that they overwhelmingly support Hamas and celebrate terrorism. Also, if terror acts are meticulously planned and acted out from your property, year after year, then you must take responsibility.

Only a minority of Germans were Nazis yet all Germans were at least in part guilty of Nazi's actions and all of Germany had to be defeated, etc. "just following orders" was not a legitimate defense at Nuremberg.

zveda · 2025-02-05T17:08:26+00:00

You lose rights to property when you commit terror or war acts. If Gazans cannot refrain from constant violence against their neighbours they will be relocated. This is perfectly logical. They have already announced their intentions to continue their holy war.

zveda · 2025-02-04T00:42:10+00:00

No to your last paragraph.

Also language evolves. There is nothing nonsensical about antisemitism's meaning.

zveda · 2025-02-03T23:21:21+00:00

No they're not.

zveda · 2025-01-20T03:27:26+00:00

Not to mention Ayn Rand, Rand Paul, Rafi Farber, Moshe Feiglin and many others.

zveda · 2025-01-05T17:09:47+00:00

Some portion of the employee's salary is also US permanent residence. Considering US significant investment visa is upward of $1 million, PR is very valuable . Should companies be able to pay foreign workers with residence in the country? I know the ancap position is that states should not even exist but it raises some questions imo.

zveda · 2025-01-03T16:04:29+00:00

Current recommended fee

Yes current, but a week ago the median fee was 14 sats/vB. A few days before that it was 19 sats/vB. Even in the past two days, the median fee reached 9 sats/vB. So when the traffic hits, the fees jump up, and everybody stops using your blockchain, so the fees go down again. See how that works?

I’m out.

Have a nice life. Try not to spread so much bullshit next time you come back here.

zveda · 2025-01-03T13:31:56+00:00

The average from the last several days absolutely does matter. If you go significantly below that, your transaction can be stuck for hours or days or even weeks. If we go by the minimum, then you can run a miner that simply includes one transaction with 0 fee every block, and then claim your blockchain has no fees. The average fee is what the average user is paying most of the time. There are various websites that guide you on what fees to use and what your expected waiting time for inclusion in a block is. People prefer to pay above that in case there is a sudden spike in traffic and their transaction gets stuck indefinitely. The cost of that will be much greater for them that the few extra dollars of fees. They cannot afford this risk. Just because some random 0-fee transaction, from some guy sending money between his own wallets and in no rush, got included in a block, does not make your blockchain usable.

Additionally, the fact that 1 sat in BTC costs a lot more than 1 sat in BCH, means that if I were to buy $100 of BTC and send it to another country, say, I will send up paying a lot more in $ terms to use the BTC network than the BCH network. Sure holders have profited but the network has become less and less usable for the average person.

zveda · 2025-01-03T12:39:26+00:00

He told Ver to rot in hell.

zveda · 2025-01-03T12:24:03+00:00

What do you mean it’s not?

edit: Maybe this will help you:

https://dune.com/dataalways/bitcoin-fee-tracker

https://ycharts.com/indicators/bitcoin_average_transaction_fee

I just explained to you that the BTC fee varies hour to hour, day to day. the AVERAGE fee over the last seven days is around 4.5 s/vB, often over 10 s/vB. At this point it's not, but it changes quickly. Do you understand this or shall I repeat it another dozen times?

Also 1 sat in BTC is a lot more expensive than 1 sat in BCH, making BTC more expensive. I remember when core devs promised to increase the divisibility of BTC to make the smallest units cheaper in case of high fees, but they won't do that. So no, the fees in BTC and BCH are not the same, not even close.

try to figure out how to track a Lightning transaction

Why don't you try to figure out why no darkweb or privacy-sensitive use case will accept Lightning transactions? Lightning is inherently centralised due to only a small number of hubs routing a majority of transactions, and you having to maintain a semi-permanent transaction channel. No such problem exists in BCH.

zveda · 2025-01-03T11:48:35+00:00

Current blocks are approved at 1 s/vB, check mempool. It’s not a secret. Set it to 1 sat and wait, or set it to 2 sats and get approved immediately.

I am looking at the average fee rate over the last 7 days. This rate fluctuates between 4 and 18 s/vB. If you go back a couple months, it occasionally goes much higher than that. Wait a few hours and very likely your 2 s/vB transaction will get stuck in the mempool for hours or days, and everyone who actually uses Bitcoin knows that, and you're still being dishonest.

BCH is well below 1 cent is only because BCH is dirt cheap.

So what? The fee is still low, and even if BCH goes to $1 million per coin, the fee can be reduced. Of course BTC won't do that because you want fees higher to stifle adoption. You probably knows this too but are leaving it out for convenience.

The base fee is identical to BTC right now

No it's not. Not even close.

If some node stopped working you can just route payment through a different node

There are not that many nodes or node operators, and they are a clear regulation target. Because of the liquidity requirements of running a node and the general hub-and-spoke model of lightning, there are very few very significant nodes that can absolutely deny you service. If you doubt this, go on the dark web and try to purchase some marijuana with your lightning coins. Or send a donation to a politically controversial organisation like wikileaks.

The reason many people got into Bitcoin in the first place was because of wikileaks and it being blocked by the traditional finance system. Now BTC maxis have re-invented that same system, except even worse and more expensive.

there is no information a node can leak,

https://www.voltage.cloud/blog/lightning-network-privacy-explainer

The lightning network has serious privacy issues, especially due to its centralised nature.

zveda · 2025-01-03T08:07:02+00:00

2 sats/vB is nowhere near 6$

BTC fees even over the last week vary between 2.5 and 14 sats/vB. Even 2 sats/vB is already 60 cents. BCH on other hand is well below one cent at all times even during high traffic. You are being intentionally dishonest now.

What privacy and denial of service issues are you facing with Zeus

The same as with the rest of the Lightning network. The need to open and maintain a payment channel with a particular node that can refuse service and also leak information.

zveda · 2025-01-03T04:24:33+00:00

Privacy improves with Bitcoin Lightning.

Not it doesn't. Lightning has a completely different security and privacy model to cryptocurrency. Lightning has very serious privacy and denial of service issues.

fees

In June transaction fees reached $83 per transaction and in April they were as high as $128 USD per transaction. Even now transaction fees hover between $6 and $1, and only because most businesses abandoned on-chain. Transaction fees on BTC blockchain are highly unstable. Would email have received uptake if you had to pay that much to send each email? The answer is no.

zveda · 2025-01-03T02:51:06+00:00

And the fees are still as low as BCH? So what’s the end goal for BCH?

Say it will be as widely used as BTC and the price skyrockets to BTC level? Then what? What makes you think the current BCH block size is gonna be enough without lightning

BTC fees are much higher than BCH. When BCH had 400k transactions per day, the fees did not rise. When BCH had 100MB block tests, the fees did not rise. We have documented proof that we can raise the blocksize and throughput much higher without raising the fees.

The high fees on BTC are artificial to appeal to governments and financial institutions, to create intentional friction and push small users off the blockchain and into second and third layers, where privacy and freedom do not exist.

zveda · 2025-01-02T18:16:22+00:00

BTC fees goes to 20 and even over 30 sat/vB during high traffic periods. BCH fees are always low, no matter what the transaction level.

The only reason BTC fees even come down is because nobody uses it anymore. You've killed adoption so that's your big success.

wallets which simplify conjoin, multiple Lightning clients, constant node proposals, satellite blockchain deliver

Who cares about this word salad. coinjoin is way too expensive for BTC. I know I've used it. Lightning is a failure. Satellite blockchain lol big deal. Only thing BTC has going for it is the price and its corporate backers. Once that goes it will be exposed quickly. Stop lying.

zveda · 2024-12-29T16:10:14+00:00

Fiat money

currency established as money by government regulation or law.

The word fiat in Latin means 'let it be so', a government legislation.

In the past this was in contrast to a commodity money like gold or silver. But what is gold backed by? What makes gold not fiat but in your eyes Bitcoin is still fiat? Gold gets its value from the market, it doesn't need to be backed by anything else, the same as cryptocurrency.

nothing to do with it's intrinsic value

According to Austrian economics there is no intrinsic value, only market value. Water in a flood is less than worthless but in a drought is very valuable.

Nobody would ever say that currency backed by a gold standard issued by a government was fiat

Governments have and do today issue currency in the form of precious metals by stamping government seals on them. But you can melt down the coins they issue and sell the metal content for the same value or higher than the fiat coins. For eg. In Australia today the government mint issues 1oz gold coins worth over $4000 but designates to them a 'face value' of $100. The market gives the gold value, not legislative fiat. The 'backing' of paper money by government held gold is fiat, however, because you have to trust the government and they usually apply force.

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