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1581  Economy / Economics / Re: Why should i invest in bitcoin or other cryptos ? on: March 06, 2021, 03:40:28 AM
We shouldn't compare bitcoin with land. If we compare fiat with land, then also, if you hold lots of fiat money, you won't get a dividend, will you? Rather with inflation, your cash will get lower in value and hence that's a bad investment. As population grows, obviously land price will also grow and that's why investing in land makes sense. So does investment in crypto, because it also gives exponential returns.
Crypto doesn't have any similarities with land in anyway besides being an investment tool. What OP is trying to say is obviously stupid, there is no dividend in land, what you get there is just a appreciation of the land which increases every year and is proportional to its prices. @iamsheikadil is right, investing in land does make sense but OP's point is the one that doesn't make sense. Why look for dividends in crypto when there is stock market that guarantees what you are asking? Is the energy generated by burning the weeds profitable in anyway besides being a bother to everyone around?
1582  Economy / Economics / Re: Why not "COVID" vaccine passports on a blockchain ID on: March 06, 2021, 02:59:57 AM
a blockchain is about chaining blocks where it can show a change of current status overtime via new blocks.. but traceable back to source, also works best if the entire network has all the data.

a covid certificate is a single entry that does not need to be 'spent' so needing new proceeding blocks is a useless feature.
There, @franky1 already said it. Vaccine passports are just one time use so I agree with @franky1's argument that vaccine passport is useless. Not to mention that there are other anti-tampering tools that the government is using to prevent that possibility, you all act like the government hasn't encountered this kind of problem before just to justify that blockchain or anything related to it is needed. Not to mention that it would be a bother for the government who doesn't want unnecessary spending to create their own blockchain network or risk having to hitch in the current network that is already congested.
1583  Economy / Economics / Re: Tech companies no longer "friends" on: March 06, 2021, 02:14:39 AM
Knowing how strong their grip on consumer media is in general, it's no wonder that they will be pushing for stablecoins in order to further expand their reach and grip on the market that they are the leaders of. Facebook already started with Libra, and we're not far off from having Amazon and Google try out a similar thing knowing that their market and industry complements perfectly with stablecoins.
If it works like any other cryptocurrencies then I wouldn't mind that they are going to create their own, I don't have anything to hide anyway and the only thing that these tech companies want is my data to bombard with ads. After all, tech companies are going to be the spear head in the advancement of human civilization, with how big they are now, I think we are going to live in a dystopian society where companies are the ones that really pulls the string.
1584  Economy / Economics / Re: Pricing in Dollar - Pricing in Bitcoin on: March 06, 2021, 01:38:58 AM
Why do we want to crash fiat in the first place? I always see this kind of posts and it came to a point that I don't know anymore why do we want it to crash. Don't you have any conscience that when a crash happens, people will be losing their jobs and a lot of people will be starving, society that has fiat ingrained in its core will spiral into chaos and no amount of bitcoin will save you if this things happen, it will take a year to recover if there is no war that will follow after the crash and that is wishing that it won't happen but we all know that it will happen. Shouldn't coexistence a better option for everyone, no crashes needed and the growth of bitcoin is secured because there is no unrest because there is no crash.
1585  Economy / Economics / Re: Bitcoin millionaire lists reasons most will never be rich on: March 06, 2021, 01:02:11 AM
Why would you believe someone that has money saying that you won't be rich? The real reason that someone can't be rich is they can't afford the risk that the opportunity entails and they only have one shot on doing so, capitalism made us doubt ourselves because they don't want to give us the opportunity to pursue our endeavor because doing so will make them lose their man power that generates them money. Now if every worker has shorter work time and has benefits and enough living wages and have some leftover, these people will be able to risk something because they know that they are insured in some way.
1586  Economy / Economics / Re: Did tesla's $1.5 billion bitcoin purchase negatively affect their stock price on: March 05, 2021, 09:18:54 AM
~
If their products are really good, then they don't need to bother about competition. I guess the issue is that investors are concerned about the high P/E ratio of the TSLA stock. The ratio currently stands at 975, and it was as high as 1,700 a few months back. They are still having a market cap of $600 billion, which sounds a bit high, considering the fact that their net annual income is less than $1 billion.
Doesn't matter, look at Apple, they clearly have a mediocre and expensive product but they have a trillion dollar market cap. General customer doesn't care about quality, you have to take note that not everyone is rich or financially healthy, if the market introduces something cheaper despite quality or if the product can make you look like you have a place in high society, the general population will bite it.
1587  Economy / Economics / Re: Bitcoin after the pandemic on: March 05, 2021, 08:37:00 AM
I would bet that bitcoin will stay the same or a much better outcome is bitcoin will grow more after the pandemic, the people knows that everything they own and know currently are fragile when a disaster like pandemic happens and as OP has said, bitcoin showed that it can help during the pandemic and people will pursue it further because they know that they can benefit from it and I believe that growth is the only possibility for bitcoin after a pandemic.
1588  Economy / Economics / Re: Can the world be without poverty on: March 05, 2021, 07:44:49 AM
The world can  only be out of poverty,because before civilization took over people and environment, our ancestors were living life without spending any money from different angle, so is not necessary achieving everything before solving, is country method of leadership that made us to be emphasising on Rich's and poverty mentality, so in summary humans that give off or die because of living without finance, the only thing is that it's environment will look so rough and dirty because no new facilities for development.
That could work but we have to fight the ingrained mentality that we need more than others that has been rooted on many countries for millennia. And it will be a difficult thing especially now that we are living in a quasi-dystopian society that is bombarded by ads about owning this and that and those thing will only perpetuate the idea that you need to own more than your neighbors. If we could destroy that mentality then maybe we can see a future where poverty is not a thing.
1589  Economy / Economics / Re: The End of Covid Scam? "Governor Abbott Opens Texas 100 Percent" on: March 05, 2021, 06:57:25 AM
Since vaccines are rolling out in the market, they have to stop this scam and resume the operations of their economy though I think it is still risky to over confident but of course it is still your own discretion to follow this rule or not.

In my country, people are still afraid to go outside and many businesses still didn’t operate that much, we’re affected by this covid very much and it causes a lot of trauma. We’re expected to back in normal in the next 2 years.
Even if the vaccines are being distributed and are already injected in the state doesn't mean that they are immune to the pandemic, we need to build herd immunity first before doing anything else. Why do say it is a scam when the health of many people is on the line and at the same time saying it is a risky endeavor means that you know that there is a pandemic. I don't know about your country but I think that a 2 year time frame and slow opening of the economy is the best option so as to not create more cases and death toll.
1590  Economy / Economics / Re: Could science fiction based carbon coins save our planet on: March 05, 2021, 06:14:45 AM
It is a lovely idea but what is difference of carbon coins to the current carbon incentives that companies receive when they reduce their carbon emission? I wouldn't really say that it will save the planet because if the idea was to become a reality, it would be only a small percentage that we are going to dent because there are other industries that causes the pollution and the emissions of GHG(Greenhouse Gases), not to mention that not every country will be easy to persuade to follow these guidelines especially the superpower nations like China and Russia.
1591  Economy / Economics / Re: Rich have too much on: March 05, 2021, 05:25:49 AM
There is no point in getting jealous about the rich. People like Bezos and Musk are self made billionaires. They worked really hard to become rich, and in the due process they made a lot of people rich as well. If you had invested in the Tesla or Amazon stock in the early days, then you too would have become rich and this post would have been unnecessary. It is surprising that most of the hatred is directed against people such as Bezos and Musk, who became rich as a result of their hard work.
I wouldn't say that Bezos is a self-made billionaire entirely, his family had the money to support him. Musk on the other hand is close to one because they first developed Zip2 and sold it to build the company Paypal and then the rest is history. Jealousy is the sickness that is keeping the poor people from getting a prosperous life, they always blame the people that are at the top while at the same time making them an exception to the problem.
1592  Economy / Economics / Re: The bitter reality on: March 05, 2021, 04:42:37 AM
Nigerian government made a huge mistake. The forbidden make it seem so much more pleasurable. All traders will continue trading but illegally. I wonder how Nigerian governments will manage to regulate crypto trading. How they will block those traders who use VPN or TOR to change their IP-addresses, how they will block traders who prefer to use exchanges that don’t require verification for trading? They need only to switch off the internet totally but that would be the huge step back somewhere to the Stone Age.
The good thing about this mistake is that it is fixable. Hopefully, these problem will be resolved immediately because I can see the future of crypto in Nigeria, they are the second biggest population that is engaged in crypto related activities besides USA. If you have the infrastructure, you can track those people who uses VPN because they are still connected to the Nigerian Internet pipeline.
1593  Economy / Economics / Re: Did tesla's $1.5 billion bitcoin purchase negatively affect their stock price on: March 05, 2021, 04:04:03 AM
I don't understand how the purchase can negatively affect their stock price, when they received a huge profit from the transaction. The value of the coins purchased by Tesla in January 2021 stands at around $2.5 billion now, which represents a profit of $1 billion. And more importantly, this is more than the profit that Telsa earned by selling their electric vehicles for the entire year of 2020.
AFAIK it doesn't have anything to do with the purchase, there was a rival company named Rivian that was preparing their IPO as we all know, competition means that you have to lower your prices because you need to attract customers which in turn will cause your revenue to go down and then your stock prices, in fact I think the purchase actually made a positive impact on the stock prices of Tesla, as @Sithara007 said, there was a 1 billion profit.
1594  Bitcoin / Bitcoin Discussion / Re: Why do ordinary people feel afraid of Bitcoin? on: March 04, 2021, 08:29:47 AM
One reason might be that people are afraid of bitcoin is that they don't know anything about, excerpts from gossips is not exactly a good relay for information. It is natural that you are afraid of something you don't know, but to dispel that fright of the unknown, the only thing that we can do is to face it head on and look for answers to our questions, if there are people that are sharing information about bitcoin in a neutral standpoint, I think that we can remove this fear surrounding these people who are afraid to take a leap of faith. If there is a light that will guide, people will walk through the darkness.
1595  Bitcoin / Bitcoin Discussion / Re: How way you choose way to saving Bitcoin ? on: March 04, 2021, 07:46:45 AM
I'll save it into one address. You'll feel a regret with the fees that you'll pay when you're sending it in different address. These days, we tend to compute the fees converted into USD than looking into it as satoshis per byte.
That's why it's the best option to save fees when you're going to save that amount into one address.
That is the only rational solution, why would you split it in multiple address in the first place? That will be a waste of time in my book. I thought that this thread was about saving bitcoin for something but it was just a plain old piggy bank saving kind of thing, utterly disappointed  Grin Grin. As @batang_bitcoin said, the payment is also a bitch so might want to consider before splitting up what you are saving. If I were to have .01 bitcoin, I wouldn't just save it because I can see a potential of growth when I invest it into something.
1596  Bitcoin / Bitcoin Discussion / Re: How will Quantum computing affect Bitcoin? on: March 04, 2021, 07:09:51 AM
We don't know the current peak capability of quantum computing as it is still in its early stages but one thing is sure that it will be a problem for bitcoin because as what is on the paper says about quantum computing, it will be far faster than any computer in the market and in any laboratories.
You might be right but I am a firm believer that it can affect bitcoin big time, we can't see the peak but we can still imagine what it will do, remember the first computer which is the size of one room, they were much slower back then but we came to the stage that almost every household has a computer which means that quantum computer capabilities might do what we didn't expect it to do at unexpected speed.
We also have to stop telling people that quantum computing will be able to hack the private key of everyone, yes it has faster calculations but that doesn't mean that it will crack the key in a matter of days, if right now the current brute force duration is the heat death of the universe, maybe with quantum computing, the time it takes will be cut in half but that is still a whole lot of millennia.
I find it funny that people are talking about quantum computers breaking the security of blockchain so I wouldn't want them people to stop telling about it because I want them to see what they are going to say when you ask them why. Is that really the time it takes to crack the private key with brute force? That is a really long time, I might do some quick search about the duration but I am sure that it will not be as long as the death of universe.
1597  Economy / Speculation / Re: BTC/USD Bullish: $51,400 will be the First Rebounce Target in Next 2 Days on: March 04, 2021, 06:24:35 AM
I'm really disappointed that the BTC price didn't crash to 20-30K USD.
I really wanted some cheap Bitcoins. Grin
The current price is 49.8K USD,so we are heading close to 50K USD.All the FUDsters will have to shut up for a while and a new FOMO phase might begin.I don't know what triggered this price pump.Institutional investors and crypto whales buying more BTC during a price drop means that they have huge faith in the future of Bitcoin.The institutional investors are here to stay.
Yeah me too, I had my fiat here sitting doing nothing. I was waiting that it would go down dramatically but it seems that there are a lot of strong hands and influenced hands that are hodling their bitcoin. FUDsters will never shut up, you should know that, they will say something about bitcoin no matter what the current prices is. Whales and institutional investors do not have faith, they bought bitcoin because they want to get a bigger profit margin and they want to have the power to move the market.
1598  Bitcoin / Bitcoin Discussion / Re: Let satoshi talk to us. on: March 04, 2021, 05:41:21 AM
Satoshi is very enigmatic in all for being anonymous, since I start joining this forum I never been incountered anyone who says they have talk with satoshi the author of bitcoin.

Hope he talk to us, and reveal who he is in real, and enlighten us/ who need his word about his invention which is bitcoin
We also have to respect that satoshi wants to keep the privacy that he/she has the right to have. The enigma surrounding the real identity of satoshi is what makes him/her interesting and if satoshi were to remove that spell by revealing himself to the public, I think that our fascination towards satoshi will be gone forever.
1599  Bitcoin / Bitcoin Discussion / Re: Lowering the electricity bill by mining cryptocurrency on: March 04, 2021, 04:56:31 AM
I don't think that mining rigs produce that much excess heat,so they could efficiently redistribute the heat for water and space heating.In theory,this sounds like a good idea,but in reality,the efficiency is really questionable.
The excess heat from mining could be enough to heat up a small room, I remember there was a post about someone mining bitcoin in his room and he almost died because of heatstroke and had himself get a permanent brain damage? I would not discount it as theory but I believe that it can be practiced but there needs to be a lot of step needed so that you prevent inefficiency and dangers.
1600  Economy / Speculation / Re: BTC/USD Bullish: $51,400 will be the First Rebounce Target in Next 2 Days on: March 04, 2021, 03:58:19 AM
Its only a matter of time, it will be this week for sure. A lot of weak hands are looking to get back
in after relinquishing Bitcoin last week and realise yet again Bitcoin isnt going to $10k.

$50k resistance will be broken again
50k resistance doesn't need to be broken again, it was just the ebb and flow in the price but it will ultimately go back up, I like to think of it as a low tide in the market. I don't know if I should feel bad for this weak hands that are buying back the bitcoin because they thought that the dump season is going to start because they are the reason that prices go up but at the same time they are the reason for a continuous price dump when a sudden dip in prices shows up.
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