How safe is it?
I think if it is just 1 BTC, then it would be safe. How safe is it?
Yes, I would invest in bitcoin. I know bitcoin is extremely volatile but I know that it will always go up. Very curious. This Poppy has given two answer within a page to OP. Which in essence are the same. FOR MORE IN THE EXACT SAME TIME (SEE THE TIME OF TWO QUOTED POSTS). This Poppy must be an alien. Write two posts within ONE second and posts them within THE SAME second. And between those two posts are 4 other. All wrote within the same second. But let's go again to Poppy (how much I like this name  ; seems very funny). Why twice? For more within a page. Had fear that your superb answer was not read carefully or wanted that your answer be read twice because of its importance and difficulty to be understood. I'm asking to the Poppy now. Why two answer within 5 posts? The same answer (almost). Are so stupid the owners of bitmixer.io and the manager of their signature campaign which pay you such kind of posts or you are so interested that the OP have twice your advice because its to particular and important. Let's see the answer of Poppy. Shame on you bitmixer.io who are drown the forum with bots with your signature campaign. 5-6 in a row. Hope that you can't have any user from all your campaign. EDIT: Poppy has given its answer. I see that bitmixer.io has removed its signature from Poppy after this my post. This is the real sign that are their the authors of those shameful things. Someone in this forum must take the responsibility to do something with them. Or all the forum will be a mess. They have made something wrong this time with their calculations about the posts of the bots. They will learn from this and will not do it more anymore. But will do something more sophisticated. The forum will be again a big mess. If someone act only for earnings here this will be the end for it. |
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Depend on your skill and your luck in gambling. New gamblers without skill will lose their money in long term, even short period. There are some skilled gamblers who have their own skill and trick how to use their money for gambling.
yup, usually they have their own gambling tricks. and they dont really tell it to anyone. they just wan to keep the profit to themselves cuz if too many people know about this then the casino will do some changes and their method will be ruin. Sure and then this big winners of money don't know where to spend those big amounts of money won and make donations to the society of the failed gamblers, the society of less lucky then those gamblers, the society of depressed gamblers, the society of happy gamblers (even they lose always in gambling) the society of the gamblers who don't know any trick to win money in gambling, the society of of the gamblers who are unable to find or learn strategies how to win in gambling and to to many other societies connected with the gamblers.  |
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So you want 100 us dollar to trade and to have fun from your trading. You believe to have for sure 10% profit 100 times in a row? Very smart. How do you have that power to assure 100 times in a row 10% profit? In which way do you think to realize this? To not tell that loosing 100 us dollar it is not at all fun. So cannot be fun if I have in risk 100 us dollar and laugh with the possibility to lose those. Always if I would give you (a totally unknown and gambler person) my 100 us dollar.... But try to answer to my questions and I promise that I will think about your proposal after reading your post and your explanations... 1. I don't want 100$ from anyone, I already have my own money to trade. 2. I believe that by making correct investments I have higher odds to make a 1.1^100=13780.6 multiplier to my initial capital. Why? Cause crypto has the perfect environment to speculate and generate bubbles. 3. I cannot assure to complete the mission, but I promise you that my odds of doing so are much much higher than 1/13780.6 . 4. There's one only valid strategy to win in the long term here: only pick up valuable coins at depressed prices and sell when the bubble starts. 5. Of course, without risk is impossible to win anything. 6. The main reason to trust in me, God is in my team.  7. I don't care what you do, I just give the possiblity to follow me. I see that you are good in words and secure in actions. But not convincing in your intentions. If you don't care about what I will do why give me the possibility to follow you? The possibility to earn something normally is given to the people about who someone care and not at everyone. At everyone only asked money. Then show me that God is with you. If you do this and I will be able to see this I will follow you not with 100 us dollar but with 10 000 us dollar. At the end how do you find when an valuable coin is depressed and when is in bubble? Don't tell me that is God that tell you that.... 1. Look man, I've already been a scammer, a liar and a stupid egocentric in my short life. The result of all my actions looking for a PURE and SELF-INTEREST have been a complete FAIL at the end. That's a clear message to me, I have to do things in a different way. The objectives of my project are to become a millionaire from being a poor guy, and to give the possiblity for anyone to do so. It may look stupid and suspect, but that's the true. I have the feeling that this time I'm doing the correct thing. 2. Again, I cannot assure or prove you that God is with me. Think about it deeply and get your own conclusion. 3. Pure manipulation. At the end, any finantial market is driven by manipulation. The key is to find where the big fishes are buying and to do the same. Then just wait for the euphoric state and sell there. The other key, is that big fishes need an "excuse" to pump X10 a coin and convince people to buy at these X10 prices (Difference between valuable or not valuable). 4. You look the kind of person to work with, I will give you a call when I start new projects https://bitcointalk.org/index.php?topic=913306.220https://twitter.com/Goldenwolf_INCIt's always a pleasure to hear good words for you. So first thing, thank you for the good words. As about my participation in your new projects be sure that I am the kind of person which had before to many experiences and it's hard to convince me only with words. Even with big, sincere and particular words. I need facts and if you, will not be able to convince me with such kind of "tools", I will never "extract" even a dime from my pockets. You can pm here for everything. But not without facts within if your pm will have to do with a new yours project. |
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I mentioned this but this doesn't create the internal bitcoin black market. The existence of the internal bitcoin black market was the question about was the discussion. That is the first thing.
The second is that I cannot understand how is possible that the price goes at the sky as you pretend if they cannot mine but only buy bitcoins from the exchanges out of their country. The price of those exchanges cannot be moved by the buy of bitcoins from 100 or 200 people. There is not internal bitcoin black market. The reasons are in the previous post. If don't exist the internal bitcoin black market I don't see any way in which can be changed or even exist an internal price of bitcoin.
Third I doubt that in those countries are to many the people with big money which have no power and need to hide its money. If you have power in those countries you don't need to hide those. If you have no power you have no money, or at least big money. If you are a criminal and have money I doubt that they can by bitcoin. But it will be so the criminals are very few and cannot have any weight in the movement of the price of bitcoin. Cannot have never.
Four, you must read the restriction they had in internet and the possibility of access on it by the normal people.
Five, you must understand the power of political dictatorship on these countries and the enormous fear that this nomocracy raise to everyone in doing not allowed things. In North Korea Kim Jong-Un killed 15-16 very high political people (all between the most loyal people of its father and even his aunt's husband). They was, until the moment of their death at the top of the power. In this kind of countries people have fear even from themselves. It is normal when you see such kind of things.
The above factors reduce at minimum the number of the people which are able to do things against the rules imposed by the political party and its leader. The above things and the difficulty of their life make the people to not think about bitcoin and not to have in mind to skyrocket its price (if will have the possibility or the power tom do such thing).
I will reply tomorrow my friend, stay tuned Very curious and can't wait.... Edit: I see to many errors in my post (now that I'm reading it again). It was written in the late night and I have my eyes semi closed by the sleep. But you never forget your duty my friend.... You have to do a big job in finding my errors.... |
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Fur sure it will be not. The economic system based on the currency digital coin cannot be manipulated like that the actual system. The production of the digital coin is determined, controlled and realized by the peer to peer technology. This technology ask and realize the not possibility of manipulation of the amount of money (digital coin) produced in time even if this kind of money will be centralized. While the actually economic system based at the actual fiat money is controlled by the human kind which can abuse with everything has to do with it.
I will ask again. Why would any country introduce something of this nature? Then, if it will be implemented such system, the reason will be known only by them which will implement it. According to me, at least, because this kind of economic system, based in such kind of currency, realize (theoretically and if realized in a fair way) an stable and continuous economic increase and and a sustainable growth (without or with much less than the actual crisis). Don't forget to show me when is made before your above answer. Waiting.....  |
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A centralized digital currency run by federal banks... how is that essentially not the system we already have? The majority of USDs are in electronic format anyway. The only difference is that the USD can take physical shape in the form of dollar bills and coins, but the majority of transactions (by value, not volume) are currently electronic.
Fur sure it will be not. The economic system based on the currency digital coin cannot be manipulated like that the actual system. The production of the digital coin is determined, controlled and realized by the peer to peer technology. This technology ask and realize the not possibility of manipulation of the amount of money (digital coin) produced in time even if this kind of money will be centralized. While the actually economic system based at the actual fiat money is controlled by the human kind which can abuse with everything has to do with it. So, in the first case is the technology which "command". In the second the (one or more) human being. In the first case cannot is possible the manipulation of the money. In the second yes. This is the essential difference between the two currencies. Even both are centralized. Is not the centralization the problem but who command about money. |
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Why pardon you? Everyone have the right to have its thoughts. No need for pardon with me, never. Except when you or something other author of the thought or the write offends or attack me. About the the existence of the bitcoin black market I think that this kind of market (or any other) cannot exist for something known only by 10 or 100 people in all the country. Maybe may exist someone who want to hide its illegal money and can buy some bitcoin is some exchange out of the countries but this cannot be named black market. They cannot mine if the party doesn't want it. They cannot mine in secrecy bitcoin because now needed expensive hardware that (even it will be the monetary possibility to buy those and i doubt very much in their good finances) if the party doesn't allow or doesn't want to allow the entrance of that hardware in the country, so it will be for sure. If in some way they will be able to mine, one day they will be discovered for sure and will go in jail or die for this. I don't want to go further because it is in vain. You must try yourself the life in this kind of country to understand. So the only way to have bitcoin is to buy those in the exchanges out of the country. Even if exist such activity (I doubt on this) this cannot be called black market. Everyone act for yourself without sell and buy from the others within the country. To not forge that they control even the internet through the providers and can do what they want. Even block all the bitcoin exchanges. North Korea has for example an internet totally out of the world network for the people. Which mean active only within this country. No one bit cannot enter on it without be totally controlled and no one bit can go out of it without totally controlled. The access in the normal internet is restricted to regime elites and select university students. Read more about this here in the section "Internet" of this link: https://en.wikipedia.org/wiki/Censorship_in_North_Korea For the above reasons but even because I think that the majority of them don't know what to do do with the bitcoins if they will have those (the life in that countries is very simple), except China and maybe Vietnam (I am confuse about the situation there because of the contradictory data that I have) there are no chances according to me to exist any bitcoin black market (for this kind of market I'm talking even in the previous post) in the above countries. As about the power and the amount of control in a country with one political party I'm sure that, as I told above, you will be never able to understand those because to know such thing you may live for a period of time under their dictatorship. Not only this; you must be citizen and in the same race of the others. So you need to be Laotian and live in Laos or you must be North Korean and live in North Korea. Only in this way you can understand. You can die by the Authorities only for one word told innocently but that can be judged as an attack to their power and being only them leaders in that country. Bitcoin here my friend could act as a safe tax heaven and to help to save your wealth from capital controls This alone, could skyrocket the price. . The existence of the internal bitcoin black market was the question about was the discussion. That is the first thing. The second is that I cannot understand how is possible that the price goes at the sky as you pretend if they cannot mine but only buy bitcoins from the exchanges out of their country. The price of those exchanges cannot be moved by the buy of bitcoins from 100 or 200 people. There is not internal bitcoin black market. The reasons are in the previous post. If don't exist the internal bitcoin black market I don't see any way in which can be changed or even exist an internal price of bitcoin. Third I doubt that in those countries are to many the people with big money which have no power and need to hide its money. If you have power in those countries you don't need to hide those. If you have no power you have no money, or at least big money. If you are a criminal and have money I doubt that they can by bitcoin. But it will be so the criminals are very few and cannot have any weight in the movement of the price of bitcoin. Cannot have never. Four, you must read the restriction they had in internet and the possibility of access on it by the normal people. Five, you must understand the power of political dictatorship on these countries and the enormous fear that this nomocracy raise to everyone in doing not allowed things. In North Korea Kim Jong-Un killed 15-16 very high political people (all between the most loyal people of its father and even his aunt's husband). They was, until the moment of their death at the top of the power. In this kind of countries people have fear even from themselves. It is normal when you see such kind of things. The above factors reduce at minimum the number of the people which are able to do things against the rules imposed by the political party and its leader. The above things and the difficulty of their life make the people to not think about bitcoin and not to have in mind to skyrocket its price (if will have the possibility or the power tom do such thing). |
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Gold is just all network effect, other than that it's an useless piece of mineral. Sure it can be used here and there but that's all. Meanwhile Bitcoin outdoes every other form of money we've ever seen:  It's all a matter of fighting the network effect in favor of Bitcoin. Bitcoin already won every other battle, it just lacks the popularity and acceptance Gold is a fact, bitcoin is a dream. Gold has its consolidated place in the world of values for thousand years, bitcoin has only 6 year of life and until today is ignored and not known by almost 3/4 of all the countries of the world. I love bitcoin but must give the gold its real place and value. Those are all I can add to my previous post. Edit: I had a mistake in one my expressions used in my previous post: it must be "might not be" and not "cannot" (as it was before) the possibility that bitcoin replace the gold. |
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Centralized digital currency is the same as fiat. What is the point in that?
First of all because this kind of money cannot be manipulated or, in the worst of cases, can be manipulated very few and always way much less than the actual fiat money and only for a temporary time (not forever). They'd go digital to smooth out transactions and transfers. Do you honestly think they'd give up the ability to create more or debase it? That's the whole point for them and a infinitesimal numbers of the regular folks who use it are aware that it happens and that it impacts them. It's not as if such money would ever be mineable or its creation publicly verifiable either. It'll be just as it always was but will simply work better on a day to day basis. I'm not an specialist in this field so my words cannot be reliable but I think that its impossible and cannot be possible in any way to produce digital coins without the verification and the inability to violate the rule of exact production of an amount of coins in a determined and not possible to be manipulated period of time. If this rule can (exist any possible way to) be violated this product will be not more a peer to peer technology product but another thing which will be not a digital coin but - using one your expression written in an post a few time ago - a token coin. Like the coins produced by any game developer. This kind of money can be produced by anyone and I don't think that Federal Reserve will want such kind of money to replace the us dollar. Anyhow I am not talking about this kind of money and I don't think that the Federal Reserve and IBM are discussing together to create such digital token. They are studying blockchain and if will create a clone or something similar to it based at peer to peer technology and at blockchain technology the output of this effort will be a digital coin (like bitcoin) and it will have its main or overall characteristics. |
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Centralized digital currency is the same as fiat. What is the point in that?
First of all because this kind of money cannot be manipulated or, in the worst of cases, can be manipulated very few and always way much less than the actual fiat money and only for a temporary time (not forever). If manipulated it will be restrictions in the near future so it will be very hard that this manipulation be true. The production of a digital coin is regular and controlled by its technology of production and not from the will of the human person which will govern the Central Bank. Then this kind of money will condition all the economy to move away with other rules. Rules which will be defined from this kind of money. There must be other things but these will depends from the amount produced in a determined time, the time of the production of one block, the final amount of digital coin which will be produced (is fixed or infinite) etc. Problem remain the physique form of this kind of money because can be abused with it if it will be in the same amount with the amount produced by the technology used to produce the digital coin. But this form of this currency can be replaced totally with the debit and credit card and this will create a pure cashless economy. There must be other problems connected with this kind of economy based in such kind of currency but for sure this economy will suffer less or at all (if realized correctly) from the economic crises. |
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A group of speculators from Venezuela residing overseas create false rumors about bitcoin being block by the government so they can increase the price and benefit from it.
Rodrigo Souza owner of the biggest bitcoin exchange in Venezuela Surbitcoin.com and Randy Brito owner of bitcoinvenezuela.com and facebook.com/btcven and Angel Leon owner of diariobitcoin.com start with a social media campaign saying that the Venezuelan Goverment was blocking Bitcoin sites all with the intention of increasing the price creating panic between users of bitcoin in Venezuela.
The false news get to international media and they post about the blocking within minutes.
All this was denied by the Venezuelans but this group of people continue to confirm that all the websites related to bitcoin were blocked with the intention of increase the price, they were left like lairs when dozens start commenting to do not believe this scammers.
Two days pass and they are silent and not talking about what they done, no apologies, nothing...
Only organized crime act this way.
All this info can be find on the internet if you google, im only posting this here so we can discuss about how if you control the media and the exchanges you can speculate and increase the price.
Randy Brito that uses the bitcointalk btcven cant comment on this post, he is ban from commenting in all my posts because he is a scammer.
I think that the true problem is not the creation of false news by various speculators or criminals because this is the only thing that they can do better that anything else. The problem is the media who "discover" this kind of news and "run" to publish those without thinking twice or without verified those. I know that exist a primary rule in journalism that told that any kind of news cannot be published if it is not verified by at least two independent sources. If this rule of journalism would be make true by every responsible media, such things cannot happen. This is more risky when those who make such things are international media. If are such kind of media who publish such kind of things and don't respect the most basic and elementary rule of journalism the situation is very serious. |
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Hi I need a good animation to show how money is being created by cetral banks to show my friend who doesn't know it
Do a search in YouTube and might be tens of those. See all and choose what fit most to your needs. This is the best way. If you will wait from the others you might wait all your life and not find what you want. |
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I think that this move decrease the possibility of the increase of the price of bitcoin in confront of the us dollar. This big injection have as main aim, I think, exactly the preservation of the actual value of us dollar. Or the move of it in little interval around the actual value. Otherwise which could be the meaning of this kind of move from Fed? If this injection would be not made then maybe might have been hopes of the increase of the value of bitcoin in confront of us dollar. But now, I think, this possibility is nonexistent or very little (only if this injection is not enough to achieve its aim). |
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It is hard for me to think that gold loses its value. It must be manipulation of them to pull gold's price to lows.
It is one of the most trusted things of economy. It won't lose its shine.
Yes, gold may be phased it's superlative jump in value appreciations in last 6 to 8 years comparing last 2 or 3 years. Some people claim it's just due to the raise of bitcoin. But we need to rethink for replacing gold with bitcoin it would definitely take more time. Till then gold will be shining more. These people who think that must be drunk when told these words. Gold and bitcoin are very away with each other and the world of bitcoin is very small and new to affect the world of gold which is much more big and much more old and experienced. We all here are like bitcoin and maybe like this thoughts but that doesn't make true such hypothetical suppositions. I haven't read in all my life with bitcoin (which three years) even one data that can verify the part in bold. This doesn't mean nothing (because someone else might had read), but is important that when someone tell this kind of big things give some data to argue those. Otherwise, he/she first and bitcoin itself second become ridiculous. Bitcoin is known in very few countries comparing to all the countries of the world and banned in even few of those. But the overall number of all the countries mentioned in the previous sentence is very small (8 banned +3 restricted + 33 regulated and legal = 44 country known bitcoin) compared to all the countries of the world. The countries of the world are more than 200. So about or than 160 country ignore or don't know at all bitcoin. But even in the countries when is known its majority use is in the dark web or to be changed with fiat money. How is possible that something like that, with this kind of activity, make possible the change or move of the price of gold? Are only dreams.... It is another story the replacement of the position that gold have already in the world of values with the bitcoin. If bitcoin will be able to make true such heroic achievement need to do to many things before. It is very early to speak those big and beauty things. As it is written above, more than 160 countries ignore it. To many others banned it. It is a long long way ahead for bitcoin to dream such position. The first of whose is to wash and bleach itself. The above poster which before this post had hopes that this thing could be happen soon it is in a good way when think to rethink the time when bitcoin could replace gold. But must rethink even that this might not be possible not because bitcoin is not able to do but because are to many hard battles to do before. The end of whose is unknown for everyone. |
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Next financial crash is coming – and before we've fixed flaws from last one The next financial crisis is coming, it’s a just a matter of time – and we haven’t finished fixing the flaws in the global system that were so brutally exposed by the last one. That is the message from the International Monetary Fund’s latest Global Financial Stability report, which will make sobering reading for the finance ministers and central bankers gathered in Lima, Peru, for its annual meeting. http://www.theguardian.com/business/2015/oct/07/next-financial-crash-is-coming-imf-global-stability-report I think that the title is not a saying of IMF but a journalistic title. So "invented" from the author of article to make its work more valuable or more readable. Every journalist use such kind of trucks to increase the "importance" of its work and its "reputation". There are to many problems in the actual world and there it will be forever but I haven't read the exact words written in the title told by someone of the subjects of the article. Maybe my reading was an fast reading (it wasn't such and maybe I had missed something but I think but no one crisis like that one already gone (the world financial crisis of 2008), will be actually or happen in the near future. The problems given in the article are local ones that can be resolved by the central Banks and Governments of every country where they exist or are created. If the will be able to do this. If not, will suffer only those and not all the world. This is my opinion have after the reading of the article. According to the head words of the article "IMF global stability report makes for a sobering read, saying sustainable recovery has failed to materialized and cheap money has led to bubbles and debt." Those are, I think the most important and the most hard words of IMF (according to the place where are in the article) and not that the world will suffer another financial crisis, for more in the measures of the last one, like can be the interpretation of the words of the OP or the title of the journalist. Have hope people! This hope can help in believing the good future without journalists scoops and will help you to be and live better. |
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Start Bitcointalk-user farming, also take part of signature campaigns  Name: MasterYii Date Registered: May 28, 2014, 09:48:10 AM Signature: Bitmixer.io Name: mordekaiser Date Registered: May 28, 2014, 05:54:44 PM Signature: Bitmixer.io Name: Nami Date Registered: May 28, 2014, 06:48:05 PM Signature: Bitmixer.io Name: Nautiluss Date Registered: May 28, 2014, 07:41:52 PM Signature: Bitmixer.io Name: Nocturne Date Registered: May 28, 2014, 09:57:04 PM Signature: Bitmixer.io Name: Quinn Date Registered: May 28, 2014, 11:59:01 PM Signature: Bitmixer.io Name: Poppy Date Registered: May 28, 2014, 11:43:30 PM Signature: Bitmixer.io Name: Pantheon Date Registered: May 28, 2014, 11:02:27 PM Signature: Bitmixer.io yeah i think it's a bot, they all quote the same user, which is always the OP also their post are very akin That's pretty sad. Sad indeed! This needs to be stopped, I don't know how but there must be a way! What else are they not using to think of for God's sake, just to make money!! Very sad. This is the power of money. The authors think that will have more but then have such comments like ours. It will be not hard to stop them. It was enough to be banned those accounts. Or the business to which those make publicity. This can be realized easy I think by the moderators or even higher staff of bitcointalk. And give a strong warning to the creators. Must be the owners of the publicity who have interests in their creation. I think that mus be easy their deletion. If really wanted. |
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Money is a great tool to organize scarce resources. Its such a great tool for that, people started using it for things there's already enough of, like owning ideas (patents), ...
I think that your conception about the addiction from money on non-scarce things may be right but only for the few which have it in abundance and think only to find ways or create new ones how to spend it. But it is not addiction for someone which count every cent to arrive the end of the month. the second one use its money every day for the everyday bread which is a non-scarce thing. But I cannot call him addicted and I cannot call its behavior addiction. Without its everyday bread he and his family probably will be dead. Then, I cannot accept for meaning about the importance of the owner if ideas and the value given to the idea depending from the being patented or not. First, patent or not patent its idea, the owner and creator of ideas is the most rare and precious kind of human being. There it will be no any kind of development or normal and civilized life without this "race" of people. They must be protected and honored in every possible form. Never and never this kind of beings will be in excess. More are, more must be and more rare are. They are the beginning of something new not imagined by no one before. They are the begging of a new life, new qualitative life. You may think that Satoshi Nakamoto (to name one example near of both of us) is a scarce thing because have not patented its idea. And for sure you think that Bill Gates is not a scarce thing because has patented its ideas. For me are the same because everyone has given to the world great inventions. But what would tell you if the first of those, which have not taken any patent for its idea, act or acted as the second one? In this case its invention will be not more scarce? So the value of bitcoin as scarce or not scarce thing depends from the fact that if this invention is patented or not? You can understand yourself that is not so. Bitcoin have the same value with or without patent. So the owner of ideas (with or without patents) are never something "already enough". Are always few, very, very few. The most scarce thing in this world. Always it will be so. |
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Congratulations. To many.  This is a very useful tool for the USA citizens but is a more useful tool for the bitcoin itself. I haven't try it (I cannot because I am not an USA citizen) but if realize what promise is a great tool. This tool is something essential that help in the regulation of bitcoin and in the maintenance or getting the name "clean" for this invention. For sure this can help that the Authorities work with bitcoin and not fight against it (like it might be made or it is made until today). Is I write above I am not an USA citizen and I wanted to ask if the tool worked even for other countries. But then I read you FAQ and founded the answer for this question. Hope that your work have all the needed merits and honors and goes forward without be stopped by nothing. Are rares the people which fight for the clean bitcoin but even more rare them which realize the clean bitcoin. You are part of the second group. So you deserve double congratulations. Me, from my part, would give to you a triple one. One more for the creating this thread. I don't think that to many bitcoiners here care about the clean or not of the bitcoin. So maybe you will have very few feedback. I hope to be in wrong. But if it will be so, don't care. The future it's yours. |
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Long-term loans in BTC are possible? Because of defation.
The main rule in the taking or giving money with interest is that can be taken or giving in the same currency in which you have the profit from that money or the earnings from you job. Only in this way (as giver or receiver) you are protected from the rise or fall of the price of the currency which you give or take with interests. So if you want to take money for creating a business you must take the money in the currency that you will have profit from the business you will want to create or the currency in which you have your salary. If we go to the question of this thread for both the parties it is in common inters to be sure that who receive have profits or earnings or salary or income in bitcoin. Only in this way, it will be sure that, at least from the change of the price of bitcoin, are protected both parties. |
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In the article have no one word about the countries mentioned by me. There is wrote about the less ECONOMIC freedom countries. Must be told that the economic freedom is not connected only with the number of political parties. There are to many countries with more than one political party and have less economic freedom than China for example. So it is not only the number of political parties which decide. It is the way that the leaders of the country choose to govern. But the probabilities that this economic freedom be less are primarily the countries with one political party. They use the force to be only those in the politics of the country and such desire make true the limitation of all the others aspects of every kind of freedom. Because have fear that the freedom of every kind except the political one become desire even for political freedom. Anyhow this is not and overall formula. China for example is an open mind country with a very smart leaders. They are known for their ability to give the people everything they can but in the right time. But even they are not different from the others when is touched their being only one political party. I don't know if have knowledge about the protests of the young Chinese people in the '90 and the reaction of the Government. They used the tanks to pressing all the demonstrators and to show to all the world that their power as a single party is untouchable. They had critics from all the world but nothing changed. They considered everything internal issue and the others must see their stuffs. I'm telling this to show that in the countries with one political country is not possible to made things not allowed by the Authorities. Even the most liberals (like China for example) have overall and full control of everything. If they don't want something, that something cannot be made. Only if you want to put your life in risk. As about the article I don't think that the author have taken in consideration such countries. Maybe except China. Even my perception is that the economic freedom in this country is not less compared to the other developed countries. I have my doubts about the possibility to have real or significant bitcoin activity in the remaining countries. From internet I found the below data. I am sure about the lack of this activity in Democratic People's Republic of Korea. Even from there there was registered one transaction this is not considered as activity. I'm surprised about the accepting of bitcoin in Vietnam by oine business open the last days. The data of Wikipedia were shown accurate always when I had use those and those data show that there bitcoin is banned. I read at internet that bitcoin is known very few in Laos. According to http://crobitcoin.com/bitcoin-laos-thailand/: "However, people who worked there haven’t even heard of Bitcoin. Maybe at some point they were accepting Bitcoin payments but didn’t have enough volume so didn’t educate the staff about it. In general, I found that the majority of places that are marked on coinmap actually don’t accept BTC once you get there." I am not finding data about bitcoin in Eritrea while according to https://www.cryptocoinsnews.com/first-documented-cuba-bitcoin-transaction-now-history/ the first transaction of bitcoin in Cuba is registered only at the end of July of this year (so only about three months ago). You can imagine what kind of activity can have bitcoin there. No sign of activity or data about bitcoin in Sahrawi Arab Democratic Republic. As you can see in every of the country with one political party (except China) there are not real activity of or with bitcoin. So they cannot be in the list of countries taken in consideration from the student about the study of who is made the article you gave to me. I think that even the black market doesn't exist in those countries. Bitcoin is not arrived yet in those. Pardon me my friend, black market does exist everywhere. And the potential of bitcoin black market will increase when people know more about it's potential and usefulness. Why pardon you? Everyone have the right to have its thoughts. No need for pardon with me, never. Except when you or something other author of the thought or the write offends or attack me. About the the existence of the bitcoin black market I think that this kind of market (or any other) cannot exist for something known only by 10 or 100 people in all the country. Maybe may exist someone who want to hide its illegal money and can buy some bitcoin is some exchange out of the countries but this cannot be named black market. They cannot mine if the party doesn't want it. They cannot mine in secrecy bitcoin because now needed expensive hardware that (even it will be the monetary possibility to buy those and i doubt very much in their good finances) if the party doesn't allow or doesn't want to allow the entrance of that hardware in the country, so it will be for sure. If in some way they will be able to mine, one day they will be discovered for sure and will go in jail or die for this. I don't want to go further because it is in vain. You must try yourself the life in this kind of country to understand. So the only way to have bitcoin is to buy those in the exchanges out of the country. Even if exist such activity (I doubt on this) this cannot be called black market. Everyone act for yourself without sell and buy from the others within the country. To not forge that they control even the internet through the providers and can do what they want. Even block all the bitcoin exchanges. North Korea has for example an internet totally out of the world network for the people. Which mean active only within this country. No one bit cannot enter on it without be totally controlled and no one bit can go out of it without totally controlled. The access in the normal internet is restricted to regime elites and select university students. Read more about this here in the section "Internet" of this link: https://en.wikipedia.org/wiki/Censorship_in_North_Korea For the above reasons but even because I think that the majority of them don't know what to do do with the bitcoins if they will have those (the life in that countries is very simple), except China and maybe Vietnam (I am confuse about the situation there because of the contradictory data that I have) there are no chances according to me to exist any bitcoin black market (for this kind of market I'm talking even in the previous post) in the above countries. As about the power and the amount of control in a country with one political party I'm sure that, as I told above, you will be never able to understand those because to know such thing you may live for a period of time under their dictatorship. Not only this; you must be citizen and in the same race of the others. So you need to be Laotian and live in Laos or you must be North Korean and live in North Korea. Only in this way you can understand. You can die by the Authorities only for one word told innocently but that can be judged as an attack to their power and being only them leaders in that country. |
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