On the topic of jobs & automation.
Automation kills many more jobs than it creates.
No one wants to admit that but it is true
Can you prove that? So far I haven't yet seen anyone coming up with strong facts actually supporting this claim. On the other hand, automation itself requires higher division of labor and that directly supports the opposite claim, i.e. it contributes to creation of more jobs. Basically, you can't have it both ways. Either you accept that automation as such requires more advanced technology itself (but that necessarily means more people are required to support it) or this is not actually an improvement or advancement in technology (since it destroys more jobs than creates). With your other claims I basically agree I didn't search the web to get you proof, but just logically, if we look at a modern production facility or factory, many stages of production are automated, using programmable robots to do repetitive tasks. Sure there's a team that needs to program and maintain those robots, and although it's a much more intelligent team, the number of general labour jobs that are replaced are much greater. For example, you could replace 500 general labour jobs with robots and maybe a team of 20 engineers. I don't believe there's anything wrong with automation replacing jobs. We just need to aim for more intelligent jobs or have a more socialist approach where it's not absolutely necessary for everyone to have a job and earn revenue. Robots work 24/7 and don't need to get paid or take breaks. That wealth can be shared. |
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I invest in bitcoin half from my savings in bank. And has earned over 100% profit within 3 months. So now, i am just trading from profit.
Good move and returns. I keep less than 1% of my assets in cryptocurrencies. Historically that was obviously not a good move based on returns experienced by Bitcoin. Realistically though in terms of spending, Bitcoin isn't really accepted in local commerce, so fiat is needed. |
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I prefer this one
Main Assumptions:
People are piling BTC now so they can get free BCC.
Immediately sell after the price matches, will many people who get BCC immediately free, then sell it, BCC prices will go down.
I am not sure BCC will be able to compete with BTC. BTC remains king.
I think people are still stay in bitcoin but if BCC is free well its not a problem to get some bcc so that we can sell them if it has a value.. Well for me according to other member and other people outside in this forum some opinion there they are still stay in bitcoin that i think bcc will be useless but we don't know what will be happen we will see it after august 1.. If people are going to dump their BCH, I'd expect it to be exchanged for BTC rather than fiat in most cases. So if this is the case, I'd expect that to provide a boost to the price of BTC, although there are other variables to consider. |
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These rich bitcoin holders are probably just holding their coins hoping to be richer in the future when the price increases. To say the truth 1 million of dollars is nothing nowadays to have a real rich life.
To live well they need to continue holding until bitcoin increases more its price and making investments meanwhile.
I agree with this sentiment. If you're 30 and hold a million right now, it just isn't enough to lead a real rich life. Once you factor inflation in the coming years, being able to live longer due to better medicine, you would need more like 5-10 million at least. Depends where you live. I can barely get a house for 1 mil around here. Being a "millionaire" doesn't mean what it used to. |
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Don't worry BTC will be over $3k after the split while BCC might struggle to even remain above $100 within next few weeks of its listing on few altcoin trading platform.
BTC will be major chain while BCC will remain as just another bitcoin clone offering nothing more than large blocks.
It will only be the attention of the beginners, we can calmly face this, because we believe that btc will remain the key to another coin, while bcc will only follow it. And for the moment we will only wait with what happened in early August That is true, BCC doesn't have any chance at all but still there will be some individuals who hope they will manage to make some money on it. I think that most exchangers will not support it so there will be a struggle for a while. But wha is for sure no one wi make double profit because the value of BCC will be very low. Depending on which wallet or exchange BTC is currently on, I think we'll probably get access to BCH at different times. I'd probably expect it to get dumped as well...exchanged for BTC, which may push the BTC price up. |
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I'm asking you a question: "If you have a huge money, can you avoid the death after long time or replace your health?". Remember even though you are billionaire or richest man on the world's, you still can't avoid the death and aging in future. So, why not enjoy the money you earned + working hard every day? Do that will helps you not regret when the end your life  No one can avoid death, but you can definitely prolong your life with premium healthcare. Look at the asshole David Rockefeller. Billionaire that had 6 heart transplants alone before he died, let alone any other health issues that were addressed. Without those resources he would have definitely died years ago. He even looked like a dead man for the last few years of his life. |
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I dont know why some people do choose coinbase rather on blockchain? They are just seeing on the feature that you can able to buy and sell bitcoin on coinbase and yes its possible since its an exchange which blockchain is just really a pure web wallet but in terms of security i will really go for blockchain.info (hands down) incase they stop operate you can still have access on your bitcoin since you do have the private key.
I think Coinbase is decent for the very casual user, that's not really into the tech side of Bitcoin. It's very easy to use and you don't need to worry about private keys. Some people don't even know what that is. I initially stored coins in there, until they went down repeatedly and eventually transferred out to wallets where I have my own private key, esp for the hard fork. |
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it differs massively from place to place. you're better off checking your exchange or wallet provider's twitter or blog.
as blockchain.info doesn't have your private keys they're not in charge of your bcc either.
Thanks dude. Rarely use twitter but a good source of info at times like this. Just confirmed that Jaxx wallet will support the hard fork. |
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So all this being said, all the predictions lie fairly unanimously- slight disruption but ultimate strengthening of BTC. What is the anticipation for affect upon ETH, if any?
I'd assume minimal impact to Ethereum. I wonder though, if we do have a hard fork, if the value of post hard fork BTC + BCC will equal the pre hard fork value of BTC. |
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I can see that people nowadays are busy searching on money and everything depends on money. People nowadays never go to church just because they would rather earn money rather than praise God. Others do not pay respect to elders because they earn money for them or richer than them. Well for you, is money above all things ?
I'd say money over most things to meet your basic needs (food and shelter). Once they are met, then social interactions become more important. I think things like going to church are based more on belief than potential income. People that aren't religious aren't going to do that regardless of their financial situation. |
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The comments next to his post make me laugh.  I don`t care about Mayweather,he is just a rich idiot with boxing skills. The important thing is that ICOs might be more regulated by the SEC,which means they will be more secure for the investors that there will be less scammy ICOs. I don`t know anything about this Stox ICO. Perhaps Mayweather is one of the project`s developers. Just kidding... He has trouble reading, so it's likely someone else in his entourage or financial adviser that is pushing this, and even posted on his instagram account. I am surprised to see it though. |
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Does violence as a solution ever really work? In the short term, perhaps it will lessen drug trafficking. But the cartels will adapt to the new environment. The risk of selling drugs will increase and so will the price. The cartel will need to become militarized and start buying off the cops. Perhaps the next Escobar will pop up and play chess with the government while the pawns continue to die.
Yes. What happened in Mexico can happen in the Philippines as well, especially if the cops are corrupt. And I assume that they are corrupt, after studying the abduction and murder of that South Korean businessman (Jee Ick-Joo). It was Colombia that Escobar was running. Assuming that was a typo. So the top two recreational drugs in the Philippines are cannabis and methamphetamine. Depending on the user, I can see meth being a problem since it is addictive and can bring out aggression. Cannabis isn't really an issue to me. The country just hasn't chosen wisely in selecting which substances to use recreationally. Police corruption will come. I'd also assume that there's already a decent amount of corruption as well though. If not enough, then the price tag will go up until they bite. They're just regular people trying to make a buck too. |
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You should not have to convince anyone to use Bitcoin.
They should be able to learn about it and make their own decision.
Good mindset to have. Why give a sales pitch to someone that's not interested? Those that are curious about it will find their way to it on their own. |
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Can the president of the Philippines can do it. Well I like what his doing in his campaign. It is very amazing program and very work program in the country. Many were discipline now because of him.
Im also live in the Philippines and infact Im a fan of President Duterte. I like his campaign about "the drug free in the Philippines" . Im just hoping that he become successful to this campaign, so that we Filipinos can live without worrying and also to secure all the the Filipino citizen especially the Youth to the effect of drugs. So far, the campaign is giving good results, although I am not happy with the death count. During the last four and half months, almost 5,500 people have lost their lives, including more than 50 cops. Out of this number, more than 2,000 were killed by the vigilante squads. Does violence as a solution ever really work? In the short term, perhaps it will lessen drug trafficking. But the cartels will adapt to the new environment. The risk of selling drugs will increase and so will the price. The cartel will need to become militarized and start buying off the cops. Perhaps the next Escobar will pop up and play chess with the government while the pawns continue to die. |
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Is Capitalism flawed? I used to believe that Capitalism solves issues, but if I really look around me, it actually only creates more issues that were not here before.
> There are many rich people with tons of capital but there are more unemployed people that will not have access to that
> People are living in luxury mansions and driving very expensive car, and then kids are starving in other places
> Profits of companies is going up, but real wages going down, people are living paycheck to paycheck
> Everyone is in debt, nobody has any savings, and most people are working part time jobs
> Nobody has a house, nobody can afford one, yet real estate speculators own thousands of them
> Banks have trillions of $ of money, but they still charge you 50$ / transaction because of their greed
> People have no future prospects, no career opportunity, they just live from paycheck to paycheck trying to pay off the debt and buy some shit GMO food filled with poison, because why sell healthy food to the public when the GMO food is more profitable?
It looks to me like Capitalism is flawed. Nobody has any money and everyone is suffering. I think a universal income must be implemented as fast as possible.
Good question. Capitalism is just theoretical. I don't believe there is any place that has pure capitalism. You have something called capitalism, but it's mixed with socialism and a corrupt government that favours special interests at the cost of the general public. Anytime there is sociopathic leadership, there will be the introduction of luxury while others starve, without giving a shit. The current monetary system, central banking and the way governments operate are largely responsible for the polarity you've outlined. You print money out of nothing and you go to jail. The federal reserve does the same and not only is it okay, but you can become a debt slave to someone that has done literally nothing for you. But you can't be that guy  |
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If believe in the investment in the long-run, then I'll just be patient with the loss in the short term and wait it out.
If it was a short term investment and I'm in a loss position, then it's just disappointment and regret lol.
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The government really dont care about the effects on the people, they are just concerned about the money they will make, If the entire USA eventually accepts the so called use of marijuana, its going to be catastrophic for the entire country.
The pharma and drug cartels have managed to convince the people that marijuana is something evil. That is not the case. It is even less harmful than legal substances such as alcohol and tobacco. So there is no point in banning it. I agree with you there dude. Its been well proven that alcohol and nicotine have much more negative effect on someone's health than weed. And further studies also indicate that weed is a magic drug that can be used to cure certain illnesses including cancer. Though excessive use of it may not be good, that goes for pretty much everything that is easily accessible to people. I am not sure whether marijuana has any medicinal effect, other than its use as a painkiller. But the painkiller market is a huge one, and the current bunch of synthetic (mainly opioid derived) painkillers do have much more dangerous side-effects when compared to marijuana. If marijuana is legalized, then the pharma cartels will lose a huge chunk of their revenue. It has many medical uses. It helps with glaucoma and epilepsy, reduces nausea, increases appetite for people on chemotherapy as well as pain and sleep. CBD oil (non psychoactive) has many medical benefits as well. The only serious side effect for cannabis is that you might go to jail for using it. Yes, marijuana has medical benefits on diseases like epilepsy and cancer thus, some doctors here in our country pushes for its legalization. The government here has been approved the use of it only for patient who could show that they have diseases which needed the cannabis oil. I am not quite sure of it but it is like that since I was watched it on documentary in a t.v. The government has to regulate its use because prolonged use of it will cause addiction and will not become good to ones health. It's usually legal for medical use, but I guess it depends on which country we're talking about. But does it make any sense to anyone to be legal if you have cancer, and you can go to jail if you don't have medical issues? It's idiotic. Prolonged use of cannabis is fine. Of all the factors that would determines someone's level of health including nutrition, sleep, stress level, being challenged mentally, etc., whether or not someone uses cannabis has little to do with their health. Even if it did, it would still not be a reason for it to be illegal. It has a death count of 0. Compare that with legal substances and the death counts are through the roof (tobacco, alcohol, prescription drugs). |
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It seems to me that these people cannot be cured. There is no cure. I'm more interested in those politicians who pass laws legalizing this abomination. Perhaps they, too, homosexuals and all their efforts are aimed at the destruction of society.
Such people can be cured, but many want to make homosexuality a normal phenomenon, not a rejection. Perhaps politicians are so trying to destroy the image of a normal family and reduce the birth rate. How are you proposing to cure such people?? Homosexuality is a normal phenomenon. It's not like there are a handful of gay people in the world. Making a gay person straight is no easier than making a straight person gay. At best, you can pretend. Homosexuality occurs against the background of mental disorders of the body. In my opinion, there can be many reasons and it is necessary to first determine the cause, and then eliminate it with psychotherapy and personality development. In Russia, there is a therapist Jan Goland, who treats homosexuals and transsexuals. I also met other psychotherapists on the Internet, but I do not know how effective their treatment is. I think it would be nice to talk with the cured homosexuals. Not every gay person is going to voluntarily get psychotherapy in an attempt to become straight. They are cool with who they are. It's the homophobic people that would want this, and perhaps a very small % of gay people that don't have social acceptance and need it. |
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Hello im newbie and i dont have any experience as a trader.Can you discuss some solutions for my problem?
You know, trading is needed a study. You can't just trade and throw away your money. Making a research is a good behaviour of a trader. But if you don't know how to trade. I mean the basic, just simply register to your desired exchange platform and deposit btc or any altcoins you want to trade. But on terms on strategies or techniques. You need to study first before jumping or buy a particular crypto. Remember, trading is hard job yo do. So don't give or invest that you can't afford to lose. And be patient. Sometimes it takes time before you get profit. And i think this is the thing you should know to avoid huge losses. The stop-loss. Make sure you study it. Yeah a lot of people around here underestimate the difficulty that goes into trading. Knowing when to sell and what to do when you're sitting in a loss position are key for being successful. |
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Hello all,
I'm new to this and have started learning about the characteristics of bitcoin, how to mine it and the pros and cons of it. Although I have learnt the basics of mining, I personally don't plan on doing it as simply put I do not have the resources to do so. So rather than mining, I am looking into purchasing BTC through localbitcoins then transferring it to my Electrum wallet.
My questions are: (some of these have been answered in older threads but I just want to be reassured please)
- Would you advise on purchasing BTC now before August 1st?
- Is it advisable to use Electrum to store the coins? I have encrypted it and written my seed on paper.
- Would you say, in your opinion, ETH would be a good investment?
I only plan on purchasing a small amount of BTC (3-4) to start with.
If you have any books (or articles) you'd like to share that'd be a good read, please do share!
Thanks,
Makkie
If you're looking to start with 3-4 BTC, you do have the resources for mining. You could setup a GPU mining rig for under 2 BTC to mine ethereum and alts although I wouldn't recommend it given the current profitability. Good luck with your investment. You can always split your purchase into smaller amounts to hedge yourself with the outcome of August 1st. |
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