SPIEGEL ONLINE: Stiftet der Bitcoin nicht auch Nutzen als alternatives Bezahlmittel? De Vries: Im praktischen Leben kann man wenig damit anfangen. Die Transaktionskosten sind enorm hoch. Hätte man Ende 2017 einen 5-Dollar-Kaffee mit Bitcoin bezahlt, wären etwa 50 Dollar Kosten obendrauf gekommen. Das ist völlig ineffizient.
Which roughly translates to
SPIEGEL ONLINE: Isn't Bitcoin also useful as an alternative currency/payment system? De Vries: You can't use it in real life. The transaction fees are tremendously high. If I bought a 5 dollar coffee at the end of 2017, I would have had to pay a 50 dollar fee on top. This is absolutely inefficient.
Couldn't they at least try to be more subtle? Does the strategic partner of Blockstream directly have to scream for mining regulation? Couldn't they at least put a few layers (They love layers!) in between so that the attack on Bitcoin wouldn't be so obvious? Really, you can't make this up:
Strategic Partnership between Blockstream and PWC.
Blockstream hinders any progression in Bitcoin and makes it useless as a currency, transaction costs explode as does the energy consumption per transaction (obviously).
PWC starts a crusade against Bitcoin because it is dangerous for the climate and a single transaction consumes to much energy and also the system is useless as a currency.
Iranian President Calls for National Crypto Mining Strategy
Chairing Iran’s economic coordination headquarters – a seminar for the national economic strategy – earlier this week, Rouhani told officials from the Central Bank of Iran (CBI), energy department and information and communication technology ministries that they needed to devise a new national strategy for crypto mining, including regulation and mining revenue, Iranian news site ArzDigital reported Wednesday. The news comes barely two days after the Iranian parliament published a bill proposing to apply the country’s strict foreign exchange and currency smuggling regulation to cryptocurrencies. The new parliamentary law would also require crypto exchanges operating in the country to first register with the CBI – possibly in a move to try and prevent too much capital leaving the country. Penalties for smuggling in Iran can include fines and imprisonment. Just months ago, the administration of U.S. President Donald Trump raised concerns that Iranians were using digital assets in order to circumvent sanctions. Iran was one of the first countries to officially recognize cryptocurrency mining as a legitimate industry back in July 2019. The government now issues mining licenses, giving companies the right to mine and then sell off any digital assets produced. An industry report in January said Iran had issued over 1,000 such licenses in its first six months. Iran currently has a 4% share in bitcoin’s total hashrate, according to the Bitcoin Mining Map, more than double what it was at the beginning of September 2019. It’s unclear why Rouhani wants Iranian officials to revisit bitcoin mining regulation. With the clampdown on value leaving the country, in the form of cryptocurrencies, it’s possible the President wants to ensure miners, too, aren’t taking their money away from the government’s clutches.
United States Bitcoin Regulations. On a national level, the Federal Reserve and the Internal Revenue Service have taken the following positions: Bitcoin – and all altcoins, for that matter – are not currency, but a taxable commodity akin to stocks. While individuals and businesses are free to use any private currency they wish to conduct ... Bitcoin Regulations by Country (Updated for 2020) April 12, 2020 8:00 am by Evan Ezquer. 16,669 Investors read this . Despite the market correction in 2018, the cryptocurrency community continues to grow, ever-increasing its influence. As a result, governments around the world are crafting ways to regulate the blockchain industry. Some countries are more progressive, while others are more ... Bitcoin Government Regulations Around the World. FACEBOOK TWITTER LINKEDIN By Joe Liebkind. Updated Jun 25, 2019. The idea of digital currency is a very new one, and central banks around the world ... However, there are some countries that have expressed a rather explicit stance towards Bitcoin mining. These stances vary from country to country, and not everyone looks upon it with the same feelings. Indonesia, however, doesn't even cover the mining by their regulations, while Slovenia has recognized it, and has even put a tax over it ... Current Page: Global cryptocurrency regulations; Where is bitcoin banned? Where is bitcoin legal? Legal stances towards cryptocurrency around the world. To see how crypto-friendly a country is, hover over our crypto regulation heat map below. Alternatively, try searching by country in our map index. Map index: Regulations by country Ranking methodology Sources. The dramatic rise of ...
This video will show you how to start bitcoin mining from home. It's very easy and "free" to do if you have a gaming PC. *****... Bitcoin was made to be decentralized and governmental free. Some regulators are against it, others are competing with each other to be the center of the Cryp... This video is unavailable. Watch Queue Queue. Watch Queue Queue The Bitcoin Group #179 - IBM vs. Bitcoin - Googling - International Bitcoin Mining - Regulations World Crypto Network. Loading... Unsubscribe from World Crypto Network? Cancel Unsubscribe. Working ... What do you need to mine one Bitcoin BTC coin in 2020? Let's review Bitcoin mining profitability and what BTC mining rigs you would need to mine an entire co...