Description

This is episode 174 of You, Me, and BTC – your liberty and Bitcoin podcast.
SegWit is finally here! Err, at least it’s here for Litecoin. As of yesterday, the altcoin had enough SegWit support for enough time to turn on the feature. It will still take awhile for wallets and other Litecoin infrastructure to really make use of the new feature, but it’s a start.
What does this mean for Bitcoin? Will Litecoin suddenly take on some of Bitcoin’s excess transaction volume? What’s the next step for scaling Litecoin? What about Lightning Network? We’ll do our best to answer those questions and more during tonight’s stream.
Then later in the show, we’ll discuss Australia’s decision to accept Bitcoin as real money. In the past, Australia taxed the crap out of Bitcoin, causing innovation to flee the country. No one could develop or use Bitcoin down under because it was too expensive. But now, since Bitcoin will be considered money, traders can buy and sell it without those crazy taxes.
How cool is that? Will Bitcoin take off in Australia, then? Or is it too late?
Tune in tonight for an absolute blast and check the list below for some of the specific stories we’ll cover!

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discussions

  • Where is the best place to which to emigrate? OF all the places I’ve visited, I would put Australia number one. It is freer than the US, the culture and people are amazing, the technology is excellent, and it seems like the perfect happy place for me to live and work. I see no real downside at all. I know the government is terrible but so it is everywhere in the world. Second choice might be Costa Rica.

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  • The “Tax Honesty” movement has demonstrated a few things to a lot of people.  To cover a lot with a few words, I’ll put it this way:  The IRS breaks its own rules in order to rob us through deceit. Some people (Irwin Schiff, for example) have suffered because they attempted to protect themselves from the rule-breakers.  There is now a theory popular among liberty-minded people that the government is too corrupt and powerful for anyone to succeed in an effort like Irwin Schiff’s.  There is also some good evidence showing this theory to be wrong.  It’s available at Peter Hendrickson’s website, losthorizons.com. I think that a lot of bureaucrats feel and believe that they are helping society.  This leaves them open to consider fixing situations in which their bureaucracy is breaking its own rules.  And let’s face it, there are some rules that can actually help liberty.  Perhaps the loads of evidence that Hendrickson has on his site can be explained by the presence of such “good-hearted” individuals in the bowels of the IRS. In any case, if you can, please entertain the possibility that the US Income Tax is not being administered honestly.  Consider that maybe, just maybe, in the gargantuan tangle of words called “Title 26,” the legal meaning of the law as it applies to most people is not coercive at all.  Maybe, if it were properly applied, the government would be a nuisance like neighbors who let their dogs poop on your lawn, instead of a nuisance like cancer in your lungs.  It could be true.  I think it is true, and I think that failing to follow all the twists and turns that Hendrickson uncovered to see for yourself that it is true kind of justifies you still being enslaved to a government that steals from you in order to cause havoc all over the planet in a massive deception that justifies its existence. If we want to honor the goodness in all people, including those who have been tricked into serving evil, we can do so by understanding the rules they think they should be following, and using them to protect ourselves from enslavement.

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  • Silsal, as the venture is titled, utilizes an electronic blockchain record framework to give full load perceivability and streamline exchange streams and supply chains. Whenever tried effectively, the Silsal blockchain task hopes to mechanize the trade, ID, and affirmation of load reports between Abu Dhabi ports and Belgium’s Port of Antwerp. Every partner demonstrations like a hub of a blockchain organize who gets the chance to get to and recognize the ongoing store network of the transported things. Abu Dhabi Ports has collaborated with its Belgian partner to start a blockchain-fueled production network pilot venture. News Source: TheCoinRepublic

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  •   Weixing Chen and Yang Jun, the two Chinese entrepreneurs are pairing up to launch a blockchain based ride hailing app. However, the plan is to offer different life-style services that include ride hailing and deliveries. Read news here: Blockchain Based Ride Hailing App

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  • It can be a challenge to keep up with all the taxes one needs to pay throughout the year, and than to deal with all the paperwork that needs to be filed can be frustrating. What would be a good way to simplify the Tax Code? Below is a list of some of the taxes that we the people need to pay, or at least we experience their effects at one time or another. -Medicare, Medicare, Social Security, Federal Inocme Tax, State tax, Local Tax, Corporate tax, Sales Tax, Property Tax, estate tax, alcohol tax, tobacco tax, gift tax, tariffs on imports and exports, etc. Would a simple flat or consumption tax do the trick?

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