My wife is a yacht broker in Europe. Every large payment from a buyer in EU to a seller in US is a nightmare recently. Correspondent banks just freeze the amounts ($0.5m or more) "to check for AML/sanctions evasion". I believe they just patch their balance sheets and earn interest, not even responding back to the sender until investigated. It takes weeks to get the necessary information to them via the sender's bank, because the whole system is crazily inefficient. They hire the dumbest employees in payments departments. I hope the rich guys will get fed up with this bullshit soon and start using Bitcoin.

#asknostr #IT #EU

What's a reasonable cost to keep a 2U rack server with 1kW PSU and 100Mbps link in a #European #data centre?

After 5 years or so, I exited almost all of my #btc / #bitcoin positions. Too much risk, regulatory pressure, fee upside, blockchain wait time, and wallet / address upgrades. Not enough retail / consumer adoption. Plus mining pools and now etfs have too much block chain / price influence. Most #crypto are not worth it due to too much supply volume and control.

This is just a regular guy's view / experience. Bear in mind I've seen a lot of tech come and go the past 50 years and was a pioneer adopter / developer of some.

After seeing the W.E.F. / #Davos plans, I think freedom lovers should go back to insisting on being paid in physical copper / nickel / #silver / #gold /platinum coin. I think paper i.o.u.'s and digital air / entries on a ledger are going to be worth crap cause you'll just be a slave.

People need to wake up and understand that Davos / #Woke / #Socialists / Communists / Tyrants just promise what enough people want, to get all the power they need, to take everything of value we have, to make us depend on them, to get whatever they choose to give, to who they decide.

Things will probably get very very very crappy soon.