Most people refer to Bitcoin as "Digital Gold" but not a lot of investors see it that way. Gold is a better store of value, because it has a lot less price volatility. Bitcoin is still seen as a high risk investment by many and a higher Gold price will just draw in more speculators to Gold. I think once Gold has reached a peak, some investors might take profits and they might diversify into other so-called safe-havens with higher risk. If many of these Gold investors looked at history, they would reconsider Gold as a true safe-haven, because under current federal law, gold bullion can be confiscated by the federal government in times of national crisis. (Governments can change policies as they want and when they want)  Would you rather have a percentage of your wealth in something that is difficult to carry and that can be easily seized off you (GOLD) or would you prefer something that is invisibile, easy to carry and that you can safely hide in any possible place (Bitcoin)? I have personally chosen Bitcoin over gold and I exchanged my previous gold holdings in BTC and tokenized gold (10%).  |
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Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=223006Current amount of posts (including this one): 4116 Amount of merit EARNED in the last 120 days: 37 SegWit BTC Address for Payouts: 3KZEYTa6rbJwRGkhRgQtPhBsTktyNjnaJg I am going to change my signature if accepted. Thanks! |
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I disagree with the 2.1BTC bounty though, getting there is still "too easy", you'd need another more difficult level to get to above that, or maybe some kind of strong commitment, like giving 1 BTC now and getting 2.1 back in 5 years.
I see too many on this forum that clearly got there by shitposting like mad and getting in groups to merit each other or worse (buy merits, etc.).
Come on man, the 2.1 btc thing was clearly a joke. I see you are not familiar with us very much. Get a bit of sense of the WO before posting |
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Let me ask you a question… Would you rather save money in a currency whose supply is inflating each year? Or would you rather save in a currency whose terminal supply is programmatically fixed? Given everything going on in the global economy, this is a question we’ve had to start taking seriously as Snappa continues to scale and produce growing amounts of free cash flow. It became even more important when our bank slashed the interest rate on our “high interest” savings account to 0.45% earlier this year. This means that the purchasing power of our Canadian and U.S. dollars is actually decreasing after adjusting for inflation. Fortunately, I believe we now have a far superior savings technology available to us. That technology is Bitcoin. More here https://chrisgimmer.com/bitcoin-reserve-asset/Very good news and also a good source of Bitcoin info for newbies. |
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Congrats d_eddie
Wel deserved WO-Legendary brother
Nice one eddie, and the meriters  Life begins at Legendary  Welcome eddie! There should be a 2.1 BTC reward for all who reach this status. We are on a 1990 forum board with loads of "unused" Bitcoin donations  |
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Wallet Scrutiny changed look with a brand new website. A few wallet verdicts have been update and some new ones were added; the new search bar to find your preferred wallet is quite handy. https://walletscrutiny.com/ |
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Meanwhile their meme tsar Samson, who is known throughout the galaxy ironically for his inability to meme, admirably breaks down some of the IMF's dubious claims: There are many things wrong with this @IMFNews video on so many levels. It mainly focuses payments issues and conflates certain properties of #Bitcoin with ALL cryptocurrencies. It sounds like they're gaslighting the general populace to prepare them for an IMF coin.
Broken assumptions:
Cryptocurrencies are secure as they are based on the "science of cryptography" - No, they are secured by PoW
There's no middleman - No, if you can't run your own node, there is a middleman
Transactions are permanent - No, unsecure chains get rewritten
Then they talk about the "problems" of anonymity and untraceability. Those are features, not bugs. If they're worried about "bad guys" making transactions, then they want a centrally controlled money.
They FUD about losing your money if you lose your "password" (I think they mean seed). However, that's a part of being self-sovereign. If someone can help you recover your money, it's not your money.
Samson Mow
They also complain about volatility - I guess they haven't looked at the stock market lately.
"BUT If we can counter the risks, then this new technology OR SOME VARIATION of it can completely change the way we sell, buy, invest etc."
No, some variation of it from you will be a centrally managed surveillance coin, and doesn't change anything for ordinary people.
"This could be the next step in the evolution of money."
No, #Bitcoin already took that next step. By not talking about Bitcoin and educating people, you're just keeping them bound to fiat in a new format.
Keep in mind that the IMF manages a "reserve asset" called a Special Drawing Right (SDR) which is a CLAIM on "freely usable currencies of IMF members." So it's an imaginary money based on printed money. A fiat based on fiat. Their motivation is to keep the fiat machine running. Great you posted this here! The war against Bitcoin started long ago and they keep on trying fighting btc by selling snake oil to the public. So good we have a few warriors who can still destroy the fallacies brought to us by the old financial world. |
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Doesn't surprise me at all. Many people called the Internet a nerd's paradise and eventually every on got on board the Internet space shuttle.
The same is happening with Bitcoin today, now the incumbents try to get on board.
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Hey Hhampuz, applying for a Legendary slot here. Thanks Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=223006Current amount of posts (including this one): 4106 How much merit have you earned in the last 120 days: 28 SegWit BTC Address for Payouts: 3KZEYTa6rbJwRGkhRgQtPhBsTktyNjnaJg  |
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Also we cannot forget that a large number of coins is already "dirty" and owned by people who were not even aware of the concept of clean coins.
Nailed it. Not to mention that we don't even know the story of our cash banknotes. They could have been used in any "dirty" exchange and we would never know shit about their previous sources. |
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Up down up down up down.
I really need to find a bot that can work for me.
That is my thinking too. Barts are slowly fading away and new moves are on the rise. I love corn more than ever, never a dull day around here. Never! |
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Meanwhile new bitcoiners be like  |
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In a recent tweet, vocal Bitcoin advocate and TV anchor Max Keiser commented on the current Bitcoin rise in the market, attributing it to the flight of capital from Asia. He also stated that leaving that region with large amounts of physical gold on one's hands is next to impossible. "Bitcoin surges on Asian capital flight" Max Keiser, a renowned Bitcoin maximalist and host of a financial TV show on RT, has taken to Twitter to share his view of what caused Bitcoin to surpass the $10,000 level around two weeks ago and briefly go above $12,000 over the weekend. According to Keiser, the BTC rise was due to the capital flight that is currently taking place out of Asia—from China and Hong Kong in particular. more here https://u.today/capital-flight-out-of-asia-is-taking-bitcoin-express-max-keiser |
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ok. let's value it against hectares of prime arable? not many other finite resources out there.
Let's value Bitcoin BTC against Gold ounces. I don't think there will ever be a better comparison since all fiat monies are dead horses. I have XE currency on my phone and I am starting to follow BTC vs XAU since a while. addendum https://www.xe.com/currencycharts/?from=XBT&to=XAU&view=10YOnce the physical existence of bitcoin increases and with the price keep rising, sooner or later we will have them carried in stack along with gold and get them deposited in the safe vault. A ledger nano s with 50000 BTC is way heavier than a bank's vault for sure! And we are talking of a "USB stick" with an unimaginable size of wealth hidden inside! |
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ok. let's value it against hectares of prime arable? not many other finite resources out there.
Let's value Bitcoin BTC against Gold ounces. I don't think there will ever be a better comparison since all fiat monies are dead horses. I have XE currency on my phone and I am starting to follow BTC vs XAU since a while. addendum https://www.xe.com/currencycharts/?from=XBT&to=XAU&view=10Y |
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Major travel management firm, but they don't bother make various backup (e.g. online and offline backup) regularly. If they do it, i'm sure the damage would be less to the point they don't bother paid the ransom.
right there are a huge number of circumstances under which any company can lose access to it's data or to their computer system, internet attackers is only one such possibility. Regular data backups insure you against all types of data loss problems. If your company has no usable backups when whatever catastrophe hits you, you are responsible for that. This company sound like they're begging to go out of business; what sort of going concern can afford a 400 BTC ransom, but not a few hundred dollars/year for data backup? Sounds like a potential scam in fact, maybe they're intending to use some kind of insurance policy or bankruptcy/asset stripping scam to defraud someone. It's interesting that this is a travel company, an industry for which there is no immediate future. Getting out while minimizing losses by any means necessary may seem attractive to owners of travel/tour operators right now. I agree the most with what I've just highlighted from your comment. It's either the CIO or some IT manager that need to repay big or as you said there's something more than meets the eye. |
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Is there data on altcoins held on exchanges? Demand on bitcoin will certainly be not forever. I reckon many investors might begin to speculate that bitcoin has become overvalued and invest on the most popular altcoins.
2020 is the year of the Defi hype hehehe.
Very laughable comment. Bitcoin overvalued? Please go read the Bitcoin Standard and come back when you fully understand the bitcoin mechanics which you probably forgot. I said investors might speculate that bitcoin has become overvalued. Please read the chart from 2016 to 2019 and come back if you understood how investors behave. Fair enough, my bad. I am sorry. My brain reads "bitcoin overvalued defi altcoin" and suddenly makes me go crazy. That's it. Friends |
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