Somebody should make a Bitcoin lightning ATM that accepts and dispenses quarters. Put them in laundromats, gas stations, and arcades. It would be a great way to grow the network and show off how fast the Bitcoin lightning network is.
And since it's so little value at once, they shouldn't be subject to AML laws. Somebody check me there. lol Plus this would be a great way for anonymous BTC, which means minors could buy Bitcoin lightning sats with their change instead of gumballs or whatever. Make the fees just enough to break even. Popularizing Bitcoin is worth far more than making ATM income. You might get too many quarters. Well, businesses are literally short on change. So you could probably get a premium on those quarters under the right circumstances. How would it work? Coin slot - quarters only, screen with instructions, indention with camera for scanning your QR code from your phone. You could add a button for batching. So if you want to buy $1.75 of BTC, you put in your 7 little quarters and hit the GO button. You don't even need a button. Just scan the phone when you're ready to withdraw the Bitcoin you paid for. You don't even need a screen, really. Just instructions: Test the speed of the Bitcoin lightning network for only a quarter. Put in quarters, scan QR code from your Bitcoin lightning wallet, get BTC. If QR code isn't scanned within 1 minute of last coin, your quarters are refunded. Don't reuse QR codes.
If you're a country that taxes bitcoin transactions you are going to get left the fuck behind while the rest of the world advances so fast it will make you look poverty stricken by comparison.
When bitcoin is used in nano payments where people are completing a transaction for each second they use a service in real time, streaming music for a couple of hours would create 10,000 capital gains tax events that all need to be recorded logged and filed to the IRS, each one with an attached detailed analysis of the bitcoin price when you acquired it, disposed of it, and that spread for tax purposes. Listening to music alone would accumulate to 3 million individual capital gains tax events a year. Then there's machine to machine payments. Do software agents and bots that own bitcoin get taxed on each of the 100,000 lightning network transactions they propagate every single day? What the actual fuck... This is the literal equivalent of trying to tax and require strict record keeping of every single letter within every single email and message sent over the internet. How stupid are these people.. Countries that currently have no capital gains taxes like Singapore, Dubai, Monaco, Switzerland, Malaysia, New Zealand, all allow completely unfettered frictionless use of digital currencies like bitcoin, and they will benefit tremendously with digital finance exploding in their countries making them the new financial hubs of the new digital world. Meanwhile countries that continue to tax every single crypto transaction will stagnate and get left behind during this digital finance wave of the future. London and New York being the center of the old world of finance have draconian licences and immense tax record keeping burdens that strangle and suffocate the use of digital finance in their jurisdictions. They might be the center of the old financial world but they are going to be the absolute backwater of the new digital financial world the way they are going. I'm moving to a country that doesn't tax crypto. Not so I can save money, but so I can live in a city that actually has a future in the new digital economy and isn't going to stagnate into self-inflicted poverty.
09-25 11:45 - 'As little as that,we are talking about making $3000 to $5000 weekly on bitcoin / The platform I joined 8months ago is fastly growing with 2.5 percentages daily , so say you put in $1000 it will run and pays you daily...' by /u/Dry_Diamond4724 removed from /r/Bitcoin within 211-221min
''' As little as that,we are talking about making $3000 to $5000 weekly on bitcoin The platform I joined 8months ago is fastly growing with 2.5 percentages daily , so say you put in $1000 it will run and pays you daily from 1 to 2.5% so 1000 will turn to 4000 in 200days ''' Context Link Go1dfish undelete link unreddit undelete link Author: Dry_Diamond4724
08-31 08:25 - 'Isn't the 3 minute rule a little much? Like, it won't even be confirmed anywhere near that fast. Why not make the rate valid for ~10 - 30 mins? Nobody's going to scam you a your own yard sale.' by /u/blue_wyoming removed from /r/Bitcoin within 628-638min
Somebody should make a Bitcoin lightning ATM that accepts and dispenses quarters. Put them in laundromats, gas stations, and arcades. It would be a great way to grow the network and show off how fast the Bitcoin lightning network is. (x-post from /r/Bitcoin)
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