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Bitcoin directly won't solve any of the pointed issues. But think further a little bit. The debt of the country can be paid faster if the citizens of that country don't need too much assistentialism and if the economy is going well, collecting more taxes from the productive sector this way.
Bitcoin can help this way. Citizens will have access to different investments that weren't disponible before without Crypto-Currency; New job opportunities (online) will be available, paying in BTCs. With the correct incentives, a country which recognizes Bitcoin can be benefited by the currency, indirectly, as citizens will have an extra income, boosting the local economy, decreasing debt and poverty.
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How about an overhaul to the trust system?
What I think of: members would submit evidence/reference of whatever they are accusing another member of for moderators to look in to and decide whether the member deserves to be tagged or not (more like how 'Report to moderator' works). It would go down like this:
1. Negative Trust: if evidence is verified as true, accused members will be tagged with a red trust (exactly like what it is right now). This will be primarily for scammers, Ponzi, HYIP or Pyramid schemes' creators and promoters, known alternatives of scammers and even wanna-be scammers (if evidence is solid);
2. Slightly Negative Trust: if evidence cannot be verified or hardly present, but moderators can see that the accused member is showing attitude or doing actions which sustain the evidence (i.e., a member who is explicitly attacking, flaming or accusing other members for no obvious reasons—I think this forum has a fair share of those). This will also be for account sellers and buyers, verified shills, members suspected of being scammers (no solid evidence), Trust abusers, Merit and Trust traders, etc.;
3. Neutral Trust: would stay the same as it is;
4. Slightly Positive Trust: trusted members giving their trust to other members (for good actions like doing something good for the forum or the members themselves, trying hard to clean this forum from scammers and spammers, or trusting with no evidence, etc.), moderators won't need to look much in to this;
5. Positive Trust: this will be for honest, reputable traders (whether it be currency exchange, physical or digital goods, etc.), bounty managers, services providers, moderators, etc. This still needs evidence to be provided and approved in order to be tagged.
Notes:
I know this will still annoy butt-hurt people like CoolWave and KingScorpio as it gives MOAR POWAAA to "corrupted" moderators, and we will see increased numbers of threads like this one.
I know this will add a ton of work for the already busy moderators, so expanding the moderation team a little could help.
I know Trust abusers will find a way to manipulate the system. However, this might stop members from tagging each other unfairly.
I also know that this isn't perfect (nothing really is?), and would need suggestions and changes from other trusted members.
Something like this would be good. But I would change a little: If you receive one negative feedback (from a DT member, obviously) you will have an orange mark (automatically); then to turn the mark red, the DT member will have to find another DT members to corroborate his feedback. It avoids persecution and situations like that where one person has enough power to destroy someone's reputation totally (what is the maxim of the centralization), generating controversies and inconsistencies. And of course, a difference between the trust traders receive for making deals and trust people receive for being admired by others. This is a good point to think about... |
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I don't see these other currencies, commodities and entities as Bitcoin's enemies. They can coexist in harmony, the establishment just need to understand the world doesn't belong only to them, they must share a 'piece of the cake' with Bitcoin... Greed won't help them anyway, it will just increase the rage and dissatisfaction people have about the banks, governments, economy, etc.
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Actually it's not Bitcoin that determines the market, but the investors... Bitcoin is just a "tool". It's very normal investors are using Bitcoin as the main currency among all others, as it's the most reputable, trusted and old one. And good that they are doing this, giving more strength to a currency we can trust. Everywhere it works this way, think about any brand niches and you will see the same situation.
If artificial methods are used to stop Bitcoin from determining the market, investors aren't determining the market anymore...
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Properties are always a good investment, but people overestimate the profit sometimes. The depreciation of the country's local currency along the years may make the profits look higher than it really is on the practice.
To resell stuff is a good investment. If you don't want to resell by yourself, you can even outsource the function and give away a commission to the person who will work for you, based on the products costs he/she is going to sell. I have seen goods that can reach 400% profit, but most common is to achieve 100% profit. Fast ROI anyway.
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These days people seem to prefer a methodical approach. In terms of statistics rent and food are the two largest liabilities on a person's balancesheet. The most effective cost savings is likely to be eating out less and preparing your own meals. There are exceptions to this like the mcdonald's dollar menu, of course. After food beverages can be a decent expense. Buying a 5 gallon container and filling it up with potable water from the supermarket for $1.00 can yield good cost savings. Using coupons or buying things on sale can also make a difference.
After food and rent I guess transportation and entertainment is the next biggest expense for many. Money spent on gasoline or car insurance and going out to see a movie, go shopping or eating out. For those who live in a city where everything is relatively close they might get away with buying a moped which requires no insurance to cut car costs and reduce fuel consumption.
Another good way to make saving easier is to have some type of side hustle which generates income.
Being lucky enough to have someone who has done well @ these types of things and has valuable expertise to share can also be a massive boost.
I think it really depends where you live. If the person's goal is to save money the best to do would be to move to a countryside city where goods and services are cheaper and the stores are closer of each other. However, the wage in a big city should be taken in consideration: to execute a "grunt work" will probably be worthless compared to the basic expenses costs, but to be an executive makes the expenses look inoffensive, then it still worths to live in a big city, saving money meanwhile. In a countryside city the person can eat out for a cheap price and even prepare his meals for less. Also, a car isn't a must to go everywhere. |
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In an early Monday interview on CNBC on Monday, cryptocurrency advocate Meltem Demirors revealed that bitcoin’s real value is coming in real-time. However, the current situation regarding bitcoin price is rather unpleasing to investors and potential bitcoin users. Demirors stated that new technologies that shift the paradigm take a long time to get acquainted with. https://coinpedia.org/news/bitcoin-will-gain-more-value-despite-investors-worries/Normal process. There was a hype that lead many people to think they were going to become rich in few months, so BTC price skyrocketed, but it didn't have solid structures to keep the price on that level, so it falled down. Now there is a rebuild task ahead to reach those levels again, but preferentially solid this time. bitcoin’s real value is coming in real-time
Bitcoin's real value is always coming in real time, a good advantage over fiat money, that is constantly manipulated. |
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The control governments want is much more related to TAXES. That is the point. When you deal with the country's official currency, you are generating income for the government: international or national transactions. Without these taxes the government can't survive as the well-doer, the benevolent charitable and then its mightiness is in risk! They want people depending on the government, and Bitcoin threats this relation between state and people.
It's actually not about taxes. Bitcoin can already be taxed since the existing system (that has been in place for decades) covers pretty much everything. It's just people who assume that they don't have to pay taxes because Bitcoin isn't legalized or regulated. It's false. Also, crypto in its entirety is still a niche market, so what's the government exactly losing when you don't pay due taxes? If there was no crypto there would be no extra tax income for them at all, so in all cases they should be happy that at least some (which will only increase) people pay tax over their gains and whatnot. Bitcoin is a tool allowing you to store your wealth outside the traditional banking system where governments and corporations no longer can terrorize you. If the government controls your finances, it controls you. If the government can't control your finances, they can't do shit other than to change their attitude towards you in a positive manner, because you are the one in control now. Bitcoin can be already be taxed, but it can be used without paying taxes too, it's possible and most people go through this way. On the currently time it's still a niche, as you say, but don't governments think on long term, on what Crypto-Currency can become? And for them it's better to be prepared since now for what is coming, as it's inevitable. The finances control point is valid too. There are many decentralized investment options nowadays without frontiers thanks to Crypto-Currency, it removes the money from the banks hands, so they can no longer make an huge profit and give you a little percentage of the total profit. The relation between banks and governments is too strong, if you affect banks income the government will suffer. |
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I think food isn't the main issue. Technological improvements are always making less materials be enough for more people (transgenic food, for an example). But no one can create pieces of land, and doesn't matter how large the Texas state is, sooner or later the world's population won't fit there anymore.
Also, many of these people having more and more children can't give them a decent life. It's a miserable life, they don't really live, instead just exist. So this uncontrolled increasement of the population is insane and in the end those who have a more ruled and organized life will have to pay the price for the problematic people actions. Only a strong family planning policy can solve this through contraceptive methods, psychological monitoring and why not even a financial advisor?
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Anarchy is just a way leading to a new tyranny, and probably a bad tyranny...
Anyway, the majority always screw up everything, not different with Bitcoin. Some beautiful words will convince most people to believe regulations are benefical, necessary and they will go for it. So a minority who disagress will be smashed and no one will respect their opinion and expectations, after all only the majority's opinion worths something.
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I agree governments want to have control over the currency being used in a country, but I don't agree with the money laudering thing. This kind of activity is practiced for a long time already, and it's not Bitcoin that will give more or less power to those who practice this.
The control governments want is much more related to TAXES. That is the point. When you deal with the country's official currency, you are generating income for the government: international or national transactions. Without these taxes the government can't survive as the well-doer, the benevolent charitable and then its mightiness is in risk! They want people depending on the government, and Bitcoin threats this relation between state and people.
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It's hard to keep people working in sintony. Some people will hold, others will sell and it's really out of control... To make things a bit more balanced and to protect Bitcoin's price new people should be coming to Crypto-Currency even more. This way the demand is raised without the need of covincing people to keep holding, as the new holders will replace the old ones that may start holding again after seeing the last positive results in BTC's price.
So a good advertisement about Bitcoin can be very useful to keep the currency strong and the holders morale high.
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On the Democracy people worship nowadays there is place for religion in politics, if people wish for it. So the Democracy's enthusiasts don't have any reason to complain about religious interferences. Many people vote on their representants based on their religion and consequently these represents compose "bench shalls" to defend the interests of those who elected them!
If a country's majority belongs to a specific religion it's normal this matter will interfere on politics.
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No, because it's not a store of value. It's interesting for a country to have as "national treasure" assets that don't depreciate its price, like precious metals, or any other good that has an intrinsyc value for an example. Bitcoin is very volatile and can compromise the country's economy a lot due to its fluctuations.
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Your personal story in Crypto-Currency world is very vague, anyway you have good points that should be taken in consideration by many people who complain about not having money and opportunities in life. The beauty of Crypto-Currency is that anyone can start working on it even if they don't have an initial investment, and it won't be a waste of time, like another kinds of "free online jobs" we had years ago, before Bitcoin appeared.
If you choose to start with nothing, just make sure to improve yourself along the way. Never underestimate little earnings, and avoid risking your money following falses promises of high fast returns. Also, don't spend too much time following others strategies, most of these people don't reveal useful informations and only want referrals, each person has to build his own plans to achieve the personal success.
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Let's say I buy something from another country for BTCs. The transaction occurs smoothly, seller and buyer are happy... Then the product arrives on my country, it's held by the customs, the customs take several days to release the package, extra taxes are imposed to me, otherwise I can't receive the package... I pay the tributes, but the package still takes weeks to reach my city.
As that maxim says, "time is money", and in this case people are losing both, consequently it will affect the economy negatively.
So, you ask: Does Crypto solve socioeconimic problems? Definitely, no. Crypto is just a gear in a big mechanism. If one gear works perfectly, but the another gears don't work or work very precariously, the system won't work properly anyway.
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Bitcoin will crawl slowly because of many impatient investors that sells immediately when price starts to rise. But i am positive that it will rise to 25k$ this December. The issue on icos is not the thing that presently affects the upward movement of bitcoin. I think the whales is one of the reasons plus the unending negative issues which also affects the investors solid trust to bitcoin.
On long term these impatient investors will waste a precious chance... Bitcoin will grow and they will stay back with the hands full of worthless tokens, coins. I would like to be positive like you about Bitcoin's price by December, but I don't see reasons why it would hit such price in time. I think ICOs represent a very important principle of Crypto-Currency world, that is the decentralization, and I agree with you, they aren't a threat to Bitcoin. As the thread's author says, there are many weeds around the big "Bitcoin tree", but where there is a big and strong tree, the little weeds don't grow up, they die and their remains fertilize the big tree to continue developing itself even more! |
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I totally agree that Bitcoin and another digital currencies can benefit individuals welfare from the financial point of view. As you know, Crypto-Currency opens a new world that wasn't disponible before for many people. In this new world the offers are more accessible for you, with zero bureaucracy.
It means everyone can have access to more profitable investments they hadn't before on their countries. It means there are more job offers, new sources of money disponible, new kinds of markets to be explored... In the end, all these points are reverted into economic welfare, as the individual makes a good use of the opportunities.
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They are not the same, but there are similarities on their concept: internet provides a decentralized network of informations for everyone who have access to it, while Bitcoin provides a decentralized network of transactions; there isn't anyone behind internet and theoretically there isn't anyone behind Bitcoin; internet gives each person a "space" on its network, to expose ideas, services, products, etc... While Crypto-Currency world does the same for those who want to develop their own currencies.
Internet and Crypto-Currency (going beyond Bitcoin) are intrinsically connected and that makes they look very similar in many aspects.
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I'm not sure if Bitcoin is really important for entrepreneurs at this point, but it could be. It's a very useful tool if the entrepreneur needs to hire someone to execute a virtual task and there isn't anyone able to execute it around... So in this case, the "globalization" is positive and Bitcoin helps both parts, the employer and employee, to make a good deal.
However, if we talk about physical goods and services, Bitcoin won't be useful at all, because sooner or later the entrepreneur will hit the governments bureaucracy, what is tiring and expensive for anyone.
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