Recent content by cdev

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    Migrating to a digital economy in South Africa

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    Payments to crypto exchanges blocked from Capitec's app and business web interface

    Around 1%, very lucrative for them to rake in R1 for every R100 that get's sent to Luno/VALR etc. in the name of "ensuring the safety and security of our clients".
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    CryptoQR payments roll out to all 1,500 Pick n Pay stores in South Africa

    For a retailer like PnP, more payment options = more potential sales. If there's demand for a certain payment method, they'll therefore provide it. Imagine they removed cash as a payment option, it would instantly exclude a large segment of their customer base and they'd most likely go...
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    CryptoQR payments roll out to all 1,500 Pick n Pay stores in South Africa

    Yes, the law stands at the moment and it's up to each individual to comply and be in good standing with SARS. However, I strongly doubt that they're concerned about Joe Public not declaring a R100 capital gain on their grocery purchases. It's simply not economically viable to enforce so once it...
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    CryptoQR payments roll out to all 1,500 Pick n Pay stores in South Africa

    You might not pay a fee, but retailers like PnP lose 1-3% of your transaction value in card processing fees. With this solution, they most likely pay a fraction of that, so maybe they can offer you some reward scheme in future. The picture changes drastically when you look at it from their angle.
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    CryptoQR payments roll out to all 1,500 Pick n Pay stores in South Africa

    If enough people use it, SARS will be forced to adopt a similar policy: https://www.ato.gov.au/individuals/investments-and-assets/crypto-asset-investments/crypto-as-a-personal-use-asset/
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    Pick n Pay expands Bitcoin payment trial ahead of full country-wide launch

    Of course, but anyone is free to join that "defactro central authority", unlike the current central banking system with its select few elites.
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    Pick n Pay expands Bitcoin payment trial ahead of full country-wide launch

    I agree with you to some extent, however, not only those with nodes get to vote. Miners also exercise their vote. The important part is that it's an open system. Anyone is welcome to propose a new BIP, you're also welcome to run your own node and/or miner.
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    Pick n Pay expands Bitcoin payment trial ahead of full country-wide launch

    You fundamentally misunderstand the Bitcoin Improvement Proposal (BIP) process. https://river.com/learn/what-is-a-bitcoin-improvement-proposal-bip
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    Pick n Pay expands Bitcoin payment trial ahead of full country-wide launch

    Do you really want a CBDC: I personally prefer BTC, an open, immutable, permissionless, money with fixed supply that cannot be altered by any central authority.
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    Pick n Pay Bitcoin payments tested

    We can only hope that with mass adoption, SARS will be forced to treat these small transactions similar to Australia's Tax Authority: https://www.ato.gov.au/individuals/investments-and-assets/crypto-asset-investments/crypto-as-a-personal-use-asset/
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    Pick n Pay Bitcoin payments tested

    False, the lightning network is just a few years old and growing at an exponential rate: https://www.lookintobitcoin.com/charts/lightning-network-capacity/
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    Pick n Pay Bitcoin payments tested

    There's a lesson in that ;)
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    Pick n Pay expands Bitcoin payment trial ahead of full country-wide launch

    Download BlueWallet app on your phone and create a Lightning wallet. Tap "Manage Funds" and "Refill with External Wallet", then send BTC to that address from Luno. That is an on-chain transaction, so it will take around 30 minutes to reflect on BlueWallet. Then download the CryptoQR app on your...
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    Pick n Pay expands Bitcoin payment trial ahead of full country-wide launch

    https://buybitcoinworldwide.com/bitcoin-is-dead/
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