Would countries reliant on remittances adopt cryptocurrencies? Price premiums providing an incentive for arbitrage in international transfers. To get money from the UK to India, Western Union will charge 5% in fees while Bitcoin will charge -20%. They can stop one person doing it, but they can't stop everyone or they're going to have to search a lot of luggage in the airports. If they start finding paper wallets, people will start memorising seeds and walk across the border with remittances. Mining factories and ant miner smuggling in Venezuela. Being involved with Bitcoin in Venezuela can put you in jail. If you live in the West - you think Bitcoin is hard, that it's too difficult to enter an 8-character password with symbols? Go talk to a Venezuelan about what they go through.
CLARIFICATION: At 2:26, I said that it was illegal to use bitcoin in to escape Venezuela's currency collapse. This is somewhat incorrect. There is still no law in Venezuela that is explicitly in favor or against the use of bitcoin itself; Bitcoin's status in Venezuela would be more accurately described as a grey market. Authorities have justified arrests based on accusations of "committing cyber fraud and power theft," or "money laundering" and "financing terrorism." Bitcoin miners are often subject to extortion by local police. Another charge has been "bypassing currency controls," which is what I meant to address in that statement.
This is part of a talk which took place on December 3rd 2016 at the Coinscrum {MiniCon}, hosted by Imperial College in London, England:
https://www.meetup.com/coinscrum/events/235709468/Want to hear more about Bitcoin and open blockchains?
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https://aantonop.io/joinaantonopytAbout the Site π
This site provides links to random videos hosted at YouTube, with the emphasis on random. π₯
Origins of the Idea π±
The original idea for this site stemmed from the need to benchmark the popularity of a video against the general population of YouTube videos. π§
Challenges Faced π€
Obtaining a large sample of videos was crucial for accurate ranking, but YouTube lacks a direct method to gather random video IDs.
Even searching for random strings on YouTube doesn't yield truly random results, complicating the process further. π
Creating Truly Random Links π οΈ
The YouTube API offers additional functions enabling the discovery of more random videos. Through inventive techniques and a touch of space-time manipulation, we've achieved a process yielding nearly 100% random links to YouTube videos.
About YouTube πΊ
YouTube, an American video-sharing website based in San Bruno, California, offers a diverse range of user-generated and corporate media content. π
Content and Users π΅
Users can upload, view, rate, share, and comment on videos, with content spanning video clips, music videos, live streams, and more.
While most content is uploaded by individuals, media corporations like CBS and the BBC also contribute. Unregistered users can watch videos, while registered users enjoy additional privileges such as uploading unlimited videos and adding comments.
Monetization and Impact π€
YouTube and creators earn revenue through Google AdSense, with most videos free to view. Premium channels and subscription services like YouTube Music and YouTube Premium offer ad-free streaming.
As of February 2017, over 400 hours of content were uploaded to YouTube every minute, with the site ranking as the second-most popular globally. By May 2019, this figure exceeded 500 hours per minute. π
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