Not credit cards, cards operate on a monthly cycle so they are always going to have a long settlement period which isn’t about the technology. But debit cards and bank transfers are now just a few seconds.
Interesting. Yes, credit system is a different animal and we are talking about debit systems here.
I’m fairly sure that here in Aus it takes a fair bit of time for debit cards. It will show in my account nearly instantly that a transaction has occurred and won’t let me withdraw more than (prior total amount) minus (recent unsettled transactions). My online banking app makes a clear display of pending settlement, which takes a couple of hours - maybe more.
Another supply chain attack. This one is as daft as it is devastating:
The blockchain will chug along just fine at it’s usual (slow) pace. All those new low value transactions would just be sitting unconfirmed if they were attempted to be made on-chain.
Klaus Schwab of the World Economic Forum started saying in July that the world will be hit with a Cyber Attack that would shutdown Power, Healthcare, and Supply chains. He said that this would make COVID look mild by comparison. They claim it is inevitable which I don’t understand. If they know it is coming and will be much more devastating that COVID why not push solutions before the attack?
I think SN as a ticker still makes the most sense but I really think what you did right there makes a lot of SaNTs. I like it!
I figure if we all just go with what we like at first, then eventually we will all settle on something.
A few weeks old, but google/facebook/twitter/media related for those interested in neutral hosting platforms.
Check it out: MaidSafe is on the list of “Top Blockchains by Average Daily Development Activity”! (We’ll forgive them for erroneously calling The Safe Network “blockchain”…)
Wow, that’s nice! Doing amazingly well for such a small team!
Granted anyone can make Github commits. Change a word in a readme, add some file etc. I think a better way to get an idea of the evolution of a project would be analytics around increasing lines of code as a better gauge. But even then you can write LOTS of really bad code when a simple bit of small code could have done the same thing so that’s not a great indicator either.
At the end of the day we can keep our fingers crossed and hope for the best . Until then I will stick to doing my Maidsafe closet dance ritual to hopefully land us a test net
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Dance harder, maybe also add incense.
Surely it’s time to sacrifice Willie, we’ve tried almost everything else.
A Fleming for Fleming. Nice ring to it!
Midnight next full moon?
At last someone is calling this out
I added an automatic translation of the weekly news and shared it in Twitter and Facebook
Pressure must be building for the US SEC to approve BTC ETF now that Canada has approved one.
On a completely unrelated note, how can you price something when the “currency” is infinitely more volatile than the thing itself? We expect the overwhelming majority of price changes come from the valuation of the thing, not the valuation of the money.
It’s difficult at first IMO to get a new currency off the ground for this reason, but as more and more things are priced in a new currency, then more and more arbitrage markets exist … so stability of the currency increases naturally.
I presume that a new currency will gain traction in markets where the commodity has a high profit margin - hence the ability to absorb volatility … e.g. Tesla taking BTC for their cars.