We are all hoping the bitcoin will surmount the present pressure on it and enjoyed more adoption by the world economics. If this happened then then the banks have no other choice than to adopt blockchain because they will need to continue in business. That will be when bitcoin can be accepted in  the banks.

Shifting from Central Planning to a Decentralised Economy: Do we Need Central Banks?
by Professor Richard A. Werner, D.Phil. (Oxon)

I. The Central Bank Narrative

For more than the past four decades, public policy discourse, especially when touching on macroeconomic and monetary policy, has been dominated by the views held and actively sponsored by the central banks, particularly in Europe and North-America, as well as Japan.

Their policy narrative has been consistent over time and virtually identical between central banks, which is why I shall refer to it collectively as the ‘central bank narrative’. It has been mirrored in the type of economics that central bankers have supported and that has indeed subsequently become dominant in academia and among the economists selected as the experts of choice in the major newspapers and television channels: the theoreticians advancing neo-classical economics.

This central bank narrative (and hence also the dominant neo-classical economics, also known as ‘mainstream economics’) has at least five major pillars, which I shall list briefly:

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The truth of the matter is: We don’t need central banks. Since 97% of the money supply is created by banks, the importance of central banks is far smaller than generally envisaged. Moreover, the kind of money that commercial banks create is not privileged at law. Legally, our money supply is simply private company credit, which can be created by any company, with or without banking license.

Eurozone countries, having given up the right to their own currencies, can still create money and reflate the economy: the government, for instance in Spain, simply needs to stop the issuance of government bonds, and fund the entire public sector borrowing requirement from the domestic banks that create it out of nothing – and can do so at more competitive rates as the bond markets: this policy of Enhanced Debt Management (Werner, 2014b) not only would make it obvious that Spain does not need the ECB, but it would also put the national debt profiteers – the bond underwriting firms such as Goldman Sachs and Morgan Stanley – out of business.

This reality of private money creation also means that we can, without legal obstacles, create a decentralized system of local currencies, without central bank involvement.

The key principle of such decentralization is local autonomy, self-determination, self-responsibility and self-administration. These are in fact the fundamental principles of the co-operative movement, as championed by Hermann Schultze-Delitzsch and Wilhelm Raiffeisen over 150 years ago. This co-operative movement early on realized that a crucial role for co-operatives is in the creation of co-operative banks controlled by the local communities. Sadly, in the UK credit unions are not banks, since they are not allowed to lend to firms in meaningful amounts, and don’t have a banking license. Thus we need to create true community banks.

Lord Action pointed out:

 

“It is easier to find people fit to govern themselves than people fit to govern others”.

 

“Towns were the nursery of freedom.”

 

The German banking system is dominated by 1,500 community banks, which are also the majority of banks in the entire EU. This means that 80% of German banks are not-for-profit, which has strengthened the German economy for the past 200 years. A banking system consisting of many small banks is also far less prone to boom-bust cycles and it creates more jobs per given amount of loan than large banks. Thus community banks also result in a more equal income and wealth distribution.

Local banking is highly popular in Germany, because SMEs get access to finance that would not be serviced by large banks. The community banks provide their services at competitive rates and support their customers also during recessions. With community banks, the wider community gets a bank whose goals are aligned with theirs, banks that pay taxes, banks that support local growth and jobs. At the same time community banks offer customers a place to put their money where it can benefit the local community, not far-flung projects or speculators.

Can we tackle this challenge?

Until the 1970s, there has been much optimism in economics and there have been high expectations that many of the problems of mankind would soon be solved.

Was this a reasonable expectation?

While it has not come true, it was a reasonable expectation. This is because

 

“Our problems are man-made, therefore they may be solved by man. And man can be as big as he wants. No problem of human destiny is beyond human beings”

John F. Kennedy

Everything depends on the project, which will invest in its prospects but up to 1k dollars, more I have not received in one month. But even this amount looks good.

Helo bounty hunters let's join this thread to list bounty for social media that shouldn' report daily or weekly. It is disgusting to report link in bounty thread tweet : link
RT : link

it is too much time

please list bounty that not report here

If I could pick one crypto that suits for holding, that would be ethereum. Do you agree that this one is good for a holder ?

 It's more established than other alts in the market and  companies are adopting it.

In my opinion , ETH is now more hot than BTC because the explosion of ICOs base on ETH Blockchain. During the recent dip, ETH price even a little come up, all altcoins and BTC holders lose funds but ETH holders still have profit. So i think that ETH will reach BTC price this year. What do you think guys?

Will you encourage others to invest in crypto and explain to them that this is not a scam or a pyramiding activity?

I noticed that many investors were afraid to buy during ICO because their reason they are cheaper can be bought on market. Especially when they found out  that a large percentage is allotted in the bounty program. Many Bounty Hunters  immediately selling token/coin even lower than the ICO price.

#Datarius

Yes, that is right. Sites like ICObench sell their estimates for money. Recently I read on the bitcointalk (in russian locale) one person who was there an expert who revealed how everything works there. Everything is sold and bought (

Main reason is decentralization, it's bad to put all eggs in one basket.

No, buy high,sell low doesn't work well.

I have recently seen where bounty hunters were asked to present identifying documents.  Am really against kyc because one of the reasons I joined crypto was the anonymity which it provides. But sadly that's gently creeping away.

Now this KYC has come into airdrops. Imagine am to submit my ID to some I don't know which planet he or she or they are from for some pennies worth tokens. 

It's terrible and this is a bad precedence these people are setting.

If as a community we do not say no to this,  then it would become the norm.

Because its volatility promising higher profit than holding. Holding is bad idea if you want to make money in crypto, for the better learn about how to trade it with methode day or swing trading. By trade it you can turn your money more faster than holding but offcource you have to spend times and effort for that.

I am a newbie in crypto market. I was listening to the news every day about Bitcoin and ETH, I heard about Bitcoin in late 2012 but did not paid a heed as a lot of people around the world did and are doing still.

In late Oct 2017 when BTC was on it way to making its ATH, curiosity brought me to this world of crypto and as noob I started reading more about Bitcoin, Altcoins, how does market works which are local exchanges etc. I did my 1st Investment into bitcoin of 100 USD to enter into my first ever ICO Electroneum thought it was a good project as a noob though a good marketing team but they are long way ahead to deliver real results, having said this it gave a good return almost 10x on investment and with that initial 100 USD my journey to crypto started and now I am HODLING a dozens of coins since then.

I had only added 150 USD since then to get into a couple of projects when I was running out of some small investments. So with overall 250 USD Investment, my current portfolio stands at a couple of thousand dollars and still a long way to go. Added coins like CPX, DBC, BLZ, elec, nexo, qlc, Seele etc to my portfolio with minimum investment in each ICO.

I have very conservative strategy with a long-term approach, as a newbie, I am still learning basics of this market, making small mistakes, understanding the ways and means to generate wealth, searching long-term projects which can be potential game changer or life-changing investment.

Would love to hear fellow crypto investor about there experience in crypto world and about the learning, strategies they used to generate good returns, how can one go about finding good opportunities to invest into without trading and having long-term approach in mind.

Looking forward to learn from you people

I have seen a lot of threads here asking about whether people will invest in a coin or do bounty. Its high time we all understood that, investment is not only about money. To me, any effort put into something to make it a reality can be regarded as investment. People who buy coins invest with their monies whiles those who participate in bounties also invest with their time and energy. Money is a replaceable resource but time can never replaced. To me, bounty hunters are also investors. What do you think?

Can possible uneducated people join the Cryptocurrency?
Have one condition he have enough balance to trading. So what do you think guys?

in fact, this has already been the case in china. although it is not directly related to crypto, but they already have an app called wechat whereby everything over there can be paid by this app. so they already considered to be cashless society already.

This forum will give you a lot of useful information.
Because this forum has all sorts of useful information.

As i began my journey through the world of cryptocurrency, it comes to my mind why other people are just ignoring the opportunities that bitcoin gives..

Can you give me some reasons why it's not that interesting for others?

https://www.youtube.com/watch?v=o8uNkcvtRtA

You  have to admit that it was actually a big step for Ver to come forward and apologise for his conduct during the infamous "Rage Video". We all know he did not have to do it but it was a step in the right direction. Personally I think it falls short because there is less apologising and more blaming the other party going on but nevertheless he stated why aspects of that interview got to him and he lost his temper.

Now when it comes to Ver and what people perceive as his failed attempt to take over Bitcoin and his current attempt to disrupt Bitcoin by trying to conflate it with Bitcoin Cash, I am with the majority in that what he has done and what he is doing is wrong but when someone tries to make some amends it should be appreciated and accepted by the community. Sure, his apology was all about his conduct during the Rage Interview and not about him creating confusion with his bitcoin.com domain but that might be a start, an avenue to a new beginning which might result in Ver being welcomed back to the community with open arms as long as he changes slowly but surely towards helping Bitcoin while still keeping and promoting his Bitcoin Cash.

Though Bitcoin is king and will remain for many years to come the truth is Bitcoin would be a little stronger having Ver advocating it and promoting it. Bitcoin will go on and move forward regardless of whether Ver is on its side or not but having someone with his profile and history (the positive parts) to promote Bitcoin will only be a good move. This morning I spent an hour or so looking at his posts from when as a newbie here. There was no indication at that time that he would be so disliked in the community because he was so helpful promoting Bitcoin with billboards and radio ads that he paid for, surely that counts for something.

Something obviously went wrong in the thinking and psyche of Ver which was the reason why he began to have a dislike of Bitcoin. If there is any way to get Ver back on side then it will be a win-win situation all round.

Does anybody know the actual specific grievances Ver has with the Bitcoin developers apart from fees, transaction times and block size?