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181  Economy / Games and rounds / Re: [RAFFLE] Utopia - P2P Ecosystem | Free Bitcoin Raffle Weekly 💎 Round 7 on: April 08, 2023, 11:58:05 AM
Bitcointalk Username: karmamiu
Utopia Public Key: 18A557F40CE0C9050BB20CCB32637893382F85C6881DB3B8A6547DCD13392110
BTC Address: bc1qexulsxaeumzzt4ncaynltagrduuay3tf9vm4uv
Message Deep Link (Chat link): https://utopia.im/d53b4431fd604e2f0261792444797aa4?tid=1569129444055807478
Slot No: 14
182  Bitcoin / Press / Re: [2023-04-07] Elon Musk And His Company To Fly Bitcoin To The Moon on: April 08, 2023, 10:36:34 AM
I really wonder where they got the idea to send 62 BTC to Moon, why not 20 or 50 BTC, for example? Apart from that, I don't really like the idea that the private key will be engraved on the rover, and that it will be documented as they say - I hope that this does not mean that there will be a picture of the private key.

Although the idea is interesting, I think it will be a very long time until someone starts hunting for "treasure" on the Moon, because the price of traveling there and returning to Earth is far greater than the current value of those BTC, although that value will certainly change in the future. An epic fail would be if the rocket explodes and "burns" those 62 BTC, of course, unless the private key is "documented" somewhere safe.
I am also curious too why he chose that number. Maybe it is some kind of easter egg or something? Aside from that I am also concern whether that rocket will explode or not and who would even risk treasure hunting in space even in the future? Who knows how large the space is and where will they even start looking for clues regarding the rocket if it happens it'll explode somewhere and let's just say the priv keys are stored safely on that aircraft.

His view towards things is really bizarre. Maybe this is just him feeding his inner childhood fulfilling his dreams or just something due to his inconsistent behavior. We really don't know what's on his mind.
183  Economy / Trading Discussion / Re: is it necessary to mix Bitcoin that you bought from an exchange? on: April 08, 2023, 09:46:20 AM


A proper decentralized exchange doesn't need your ID. Of course, since you had to send fiat in a way or another ... somebody might have enough info to link the coins to your identity.
In most cases it's not a big issue, but the rule is that if you are concerned about privacy issues, whenever you're in doubt, better mix.

My statements may look a bit biased, but I think that you'll see the truth in them.
I don't see anything biased in your statement and as a matter of truth, you nailed the entire point because I have high doubt on the privacy of my identity since I make deposit with fiat into the exchange even though it decentralized per say but then their is no 100% privacy any more since I interface with the bank, and I am concern about the destination from which I get the Bitcoin I am buying on the exchange.

That have raise my doubt about my privacy, and with what you stated above the best way to quench my doubt is by mixing the coins and have it transferred to a cold wallet for long term storage.
That is a pretty good strategy coz mostly banks and custodial wallets offered by localities are sometimes asking you for your personal information, so in the end your privacy is still compromised. But that's only if you have a cold storage since for me, I didn't own one so I guess my personal info is still compromised even if I use mixers and there is a huge tendency that my account will be traced immediately doing something crazy like pretending to be anonymous or they will suspect my account doing illegal activities outside the platform.
184  Other / Meta / Re: Spammers and Burst Posters only on: April 08, 2023, 09:11:23 AM
That is exactly right. IMO, if you are responding and contributing into the discussion, that is not considered as a spam, not unless you jump from topic-to-topic writing whatever comes into your mind without a care just to compose/construct sentences to reach the minimum words of 150 is most probably considered a burst posting. Just like you do too, I am also someone who can keep up with several subjects at the same time, maybe it is called multi-tasking or so, but regardless of that, it is something that needs constant practice and requires you to voluntarily control your focus so that you won't mixed up all your replies.

That's right. That's why if a topic is too many replies to the OP or too many replies after my post, we have to spend more time to understand the point of the conversation. That way I'll be able to see if I have something to add or not to the subject.

Of course, sometimes, we can repeat one or another information that has already been said, but if we are original and genuine, we will certainly present that same information from another point of view that can help the debate.
To be honest, it is really hard to construct short and precise message or words without repeating some information presented while adding the fact that there are minimum numbers of character and words that is required for you to become a valid poster that isn't only good at adding flowery words. As I've said that it requires constant practice to voluntarily control your focus since those things cannot be achieved by being a nonchalant poster alone. We should also keep in mind that what we replied is something not only straight to the point but also relevant to the topic and also for others to engage with it or even a new knowledge you can add to it. Although this is irrelevant, this is mostly why in my free time I usually read books even fictional novels to expand my vocabulary and to increase knowledge about constructing sentences, coz whether I like it or not and even if English is our international language, I am not born from a native English-speaking country, so if I wanted to converse with anyone using general language which is English, I still needed to become more comprehensive. Replying isn't all about speaking English alone but also understanding the context of what you really are replying to, so far that's what I've learned here from staying on this platform.
185  Local / Pilipinas / Re: Pag habol ng goberyno sa traders on: April 08, 2023, 08:20:41 AM
Para sa atin sa pilipinas is patungkol dito sa AMLA is pwede ninyo ito bisitahin, terms naman sa current state natin dito sa pilipinas is hindi pa naman masyadong mahigpit pag dating sa mga crypto pero muntik na noong lumabas ang axie dahil sobrang laki ng mga panahon na iyon ang mga kinikita, base naman sa mga suggestion above regarding sa alternative sa mga crypto exchange ay i guess prefered padin ng ilan ang mga exchange isa sa mga feature na nga ni binance ay ang p2p transaction at dahil di din pa nag exist ang Bitcoin ATM's satin so ang isa pang option ay ang p2p transaction sa mga kakilala natin.

Safe ang p2p kapag kakilala natin pero parang may kaakibat din na risk kapag ganyang transaction. Aware tayo sa wrench attack at lalo na sa bansa natin, hindi natin alam iniisip ng mga kababayan natin lalo na pag tungkol sa pera, kahit na kakilala pa natin yan. Kung sa lupa nga, mga magkakamag anak ang nag aagawan, paano pa laya sa crypto. Sobrang daming risk pero kapag komportable ka sa usual method na ginagamit mo sa pag trade, doo  la nalang madalas kasi hindi pa din naman mahigpit ang bansa natin tungkol sa mga ganito eh.
Sa nakikita ko kasi sa ating bansa ngayon, nasa neutral stance lang sila when it comes to crypto, at hindi rin sila nagkulang sa mga paalala na dapat mag ingat parin. Siguro may mga kontra parin gaya nalang ni Atty Libayan in which some of his warnings ay may punto while kadalasan talaga ay kontra sya sa cryptocurrency in general, pero hindi ibig sabihin nyan na totally prohibited ang crypto dito sa pinas dahil pati na nga mga bangko dito satin ay dahan-dahan ng pinapakilala sa kanilang mga users ang tungkol sa crypto.

Kapag kasi pera na ang pinag-uusapan, mahalaga din na magkaroon ng sapat na kaalaman ang ating kapwa pilipino sa mga risks na kasama, dahil gaya na nga ng mga trending na pinagkakakitaan ng ating mga kabayan mapasugal man yan o vlog, ay napakarami nating mga kabayan na gustong pasukin ang mga ganyang gawain para lamang kumita. Hindi pa nga natin binibilang yung mga nag-oonline selling or yung mga affiliate marketers nating mga pinoy.
186  Bitcoin / Bitcoin Discussion / Re: No late comer in bitcoin Investment. on: April 08, 2023, 06:04:09 AM
I have already heard this phrase ever since I learned crypto way back 2014. At that time I haven't entered this forum yet, but several other people are already talking about bitcoin is still on its early stages. There are various sources of information before from social media platforms to telegram groups. After so many years that passed it was still the same phrase that's being used, and yes it is true that bitcoin is still young. Nobody else believed that at first but seeing the records from the past few years I think people now would hesitate saying those words such as "bitcoin will end" or "there is no longer hope for bitcoin to rise". Words like "we saw the potential and possibilities of bitcoin" will be heard commonly from now on or even in the future.

In conclusion, it is never too late to invest in bitcoin and while some are still hesitating, others already grabbing the opportunity coz as always, no one knows when will be the next time it will rise again and what they hesitating for now will probably end up being a regret.
187  Economy / Economics / Re: "Greedflation" has gone too far! on: April 08, 2023, 05:19:47 AM
Interesting article, the term "Greedflation" especially. This is the first time I come across this term and I like it. I understand that someone wants to be rich, but when is enough? Is there enough?
the concept they use behind it is economic growth, they always use that word ("economic growth") for all purposes of deception like printing money, or fiat. because the fiat circulation supply is out of control then there is inflation. Greedflation is happening after they print money for stimulus strategy but they didn't think of the effect after.

I don't surprise the next time there will be new words besides Greedflation, maybe the next viral is Whalesflation.
Hahahaha that's an interesting word to be added next to the dictionary  Grin. Anyway, they kept using those words "economic growth" or something similar to lure people into saving more money or for them to actually sold out all those money like they are offering some kind of valuable treasure. They wanted people to think that more money means more influence. It is partially true that someone who has more money has more influence and more power over the other, that is when the term "greed" enters, since both parties wants the authority and influence, they will keep competing without thinking what trap they have fallen into. It just feels like a game that only those boss monsters are fighting while those low-level players (average income to low income) get affected and suffers tremendously.

Even if what I have said is just my own speculation, there's no need to see the proofs to notice what our society has become because of that competition, and I am sure that you guys have noticed that too.
188  Economy / Economics / Re: Elon Musk and the fall of Twitter on: April 08, 2023, 04:41:05 AM
I really don't know the main reason he bought Twitter in the first instance and not more than a year of planning to sell.

Most of people I have seen talking about this purchase agree that Elon actually overpaid for Twitter, so he cannot sell unless he is willing to take a loss. Since we know he has a big enough ego and he is a businessman, taking losses is something he would like to avoid at all cost.

For not, he plans (besides messing around with the platform) to slowly gather money from people paying for verification, besides the advertisers which still are around.

I have personally still found ads, so that is good news for Elon, and his fans are more than willing not only to buy his perfume but also pay for the blue check mark.  Not expecting him to sell in much time.
Whoever the owner of the company doesn't matter to those who are verified since they also knew that even if the company fell somehow it has enough foundation built already to rise again. Besides, no owner would want their business to be destroyed not unless there's some personal issues involve, so changing owners from Elon to someone is not really a big deal to them, they're only hoping there would be changes to come and hopefully it is not someone who mess around like Elon did.

I don't know if it's intentional or not but as what I have seen on Elon's behavior, at first, he will let everyone mock him and then exceed their expectation after some time then brag about it for not believing him. He always does this even on his conference and such, but the main thing is that investing into him is like investing on his mood too. Yes, he is a genius it is undeniable fact, but the way his attitude towards things and his views which is very eccentric that most people find it hard to handle and understand. This kind of behavior is acceptable only if you are not the main command of something, but in his situation in which he is the owner of a credible company, people will hesitate to invest into this kind of inconsistency.
189  Economy / Speculation / Re: Bitcoin price and my mindset on: April 08, 2023, 03:21:51 AM
I think the thing that determines we can be profitable is patience, as long as we can be patient and not panic then we can get big profits, now is a good time to buy because the price is only about 40% of the ATH that happened in 2021.
Patience is just about everyone who is willing to wait for the high price and the best price before selling it. Because what determines everyone's profit in any case is an increase in price that is far greater than the price he bought. Although it must be waited more patiently to see it more clearly because without an increase in price everyone will not get any profit even though they have been patient for a long time
But the tendency of those people is that, a little spike on the prices in the market makes them panic. As what I have always told my friends who are buying bitcoin on their own leisure "stop looking all the time about the prices on the market specially your holdings", and "it is enough to look at it once in while to check for updates and to check whether your wallet provider has new updates or show the pop-up notification to make it easier for you to notice". I always told them that if they have nothing better to do, find something better to do. If you are an investor and you want your day to be more productive, find something that you can spend your time and energy or learn new knowledge related to that, coz aside from it distracts you from looking at your holdings, it will also hone your skills or even gain more opportunity to earn money whether you'll invest that money or spend it anywhere else.

Sometimes the trick to being patient about investing is "forget it, but not actually forgetting it".
190  Economy / Economics / Re: The beginning of the end for centralized AI? on: April 08, 2023, 02:48:09 AM
A lot of people had been pushing for the ban of AI because it had been breaching copy right in a way that people now does not wwnt to follow the normal process to get things done. Many people prefer the use of AI which make work too easier and this can cause big problem in the future if it continues. If the government put a ban on it then I think that would be a good move to make people concentrate on focus on the the normal procedures of there jobs. When work becomes too easy people would become too lazy to deliver.
Some sort of control is needed, for example in the case of students it was difficult already to get them to do their own homework due to the help they can get from their parents, peers and even specialized services which made their homework for them for a price, if you add ChatGPT to the mix then I would be surprised if in a few years any student did their homework at all on their own, and this is just an example as the same could be happening everywhere from the office to interpersonal relationships.

that's one negative repercussion of having chatGPT these days. some people are just relying on what it will answer to their questions. but of course, it has limitations. you can't expect that they will have a very comprehensive answer to every question as they are only relying on the database they have. we can use these chatbots to some extent esp if we are in a hurry to know something. but --

what i don't like to see from the news is like this, a very tragic one!

Belgian man dies by suicide following exchanges with chatbot
That's true, as I've said couple of times here in this forum that AI right now is at an early stage in life. In short, it is still an infant when it comes to answering questions, since mostly the ideas they have gathered and filtered before answering are datas that are generally used in the public. Aside from that, I didn't really have problems on chatGPT so far since I'll only used those whenever I get lazy into researching something or helping my nieces into making a storybook. That is also why I depend on AI whenever I get lazy researching coz as I've said above, they filtered out unnecessary information which will take you longer on searching things on the web, but in terms of trading or making accurate decisions on the market? No, I don't fully trust AI on that, coz even if I'm only using it to filter the necessary ideas I want, there are still information that I didn't need that still slipped out on their filtering, so there are still possibilities that they might messed up.
191  Economy / Economics / Re: Poor and Rich on: April 07, 2023, 03:57:57 PM
This is mainly because rich can choose between many different options through their lives. Rich can afford to waste their time, waste money even. Things are always more easy for rich. You may have wrong investment but quickly solve it through many different correct investments. If you are poor you generally get 1-2 or 3 at best chances in life to leap forward. Otherwise you will stay poor spending your life for money. I personally don't think poor gets poorer (Today's poors are always richer than past). But rich definitely stays rich.
If a person is born into a rich family, then from birth he thinks differently, he sees the example of his parents, he has an excellent role model to become rich in the future. The rich give their children the best education, they get a good financial education and are more likely to have good start-up capital for their businesses or investments, and they are also more likely to inherit their parents' wealth.

Something similar happens to the poor, they will give an example of a poor life, to some extent, children imitate their parents, copy habit, and as a result, the circle closes. It will take a very big effort to change, because wealth starts in our heads.
This is something irrelevant but I've seen a quote from an anime saying "children who are born in war wouldn't know what is peace, while children who are born in peace wouldn't know what war is", in reality what you have said is right that your living environment can hugely affect a person's point of view toward things, along with traditions and norms you that is common in your are will be molded into you and would be forever with you. Though I've said that this is irrelevant, somehow we could see some reference in terms of economical situation in which, it will take a lot of courage for someone to escape poverty by putting his mind into it and actually doing the grinds for it, compared to rich people who could fall anytime. One slight mistake about disregarding financial management, it will cause a lot of problems for rich people but atleast they can recover that easily thanks for their spare assets. The poor? Not only they would consider changing the way they approach money, but the pressure of thinking one slight mistake would be the end of all is also along their lines.

Escaping ones poverty is never that easy, and I myself is a living witness on that. It is not that you wanted to be rich but a life that is worth living as an average earner is what most people want, who would hate that? Of course no one.
192  Other / Off-topic / Re: Prepare for the life when you get old on: April 07, 2023, 02:10:28 PM
That's something everyone should remember for the rest of their lives. Life can be a bummer, and it's a big reminder for all of us to think ahead. We have to make smart moves and decisions while we're young and able, save up as much as we can, and make sure to invest on anything that will give us some steady return and increase our wealth. Also, don't forget to keep our friends and family close, they will always have your back when things get very seriously bad. Always be sure to be ready for the future and not just live for the present.
yeah it's true what you say. because we have to try our best since young. so that we don't have regrets in the future or when we are old. Maybe we also have to be a little bit harder on ourselves like living a disciplined life in everything, especially in managing our finances. when we are young normally we want more fun. but when we remember that we must have preparation in old age then we have to hold back a little. and more to save and invest. and continue to develop ourselves and our business. so that we can live comfortably in the future.

This is the reason why some times I think about I should invest on real estate property to prepare for my future. I can use this to make a rental property which I can use to survive on my old years since its to hard to rely on your son or relative since for sure they have their own struggles and better to have that to avoid losing money to use on daily expenses. While we are young its better to grind more opportunities so that we can secure our future.
While being young also it is good to take advantage of your productivity since you have a lot of energy to spare, unlike when you get older, you get tired too easily and some things aren't just the same as to when you have the energy to do it. It is a good mindset that you are planning to save for investment for the sake of your future. Even me myself up until now is still saving as long as I can since we do not know what will happen in the future, even if we say there is someone who's ready to help you at any given moment. Nobody also knows what battle they will be fighting in the future same as you do. Problems can occur, but it is much better if you have enough preparations so that even if something doesn't go according to your plan in terms of financial management, you won't be having a hard time or at the very least the burden will lessen.
193  Economy / Economics / Re: Banks are dumping US Dollars and Buying Gold on: April 07, 2023, 12:57:36 PM
Regular people are getting wiser on their financial management day by day. For sure they have realized that dollar is getting weaker and most of the basic needs are getting expensive. In the years that will come, their savings will be worth nothing if they'll let it sit there and rot. I don't knoe much about other countries but I am sure that those people who dump their dollars are planning ahead for their retirement, before they'd have limited options to only savings in the bank, but now that there are lots of access and information you can get through internet and web, they can expand their options to so many choices now.
194  Bitcoin / Bitcoin Discussion / Re: Bitcoin usage in crime activity. on: April 07, 2023, 12:16:23 PM
First of all, whatever the reason for the existence of Bitcoin, why it can never be controlled by any country's government because of the technology it has called blockchain technology.

And what you are saying in my opinion is also impossible, that's why Bitcoin is for everyone, it just depends on the purpose of the person who will hold Bitcoin if it is used for illegal things, and as you also mentioned we are really anonymous here and find out who owns the address.
Same concept as to how people say that money is the root of all evil. A tool is a tool no matter how much you value or view that, it doesn't change the fact that it depends on the one using it to be able to call it something good or evil. Just because the government cannot hold its authority over it, we should just call it illegal or bad? Of course not, right? I do agree that people have different intentions and perspective, that is why it is possible that a certain tool can be used into something horrible. In regards of bitcoin or any other currencies whether they are centralized or not, crimes that are happening is already pretty common, and government doesn't have the rights to stop someone from using that, instead they can prohibit the usage since they are the ones controlling the law and rules on that country. Imagine them chasing and criticizing cryptocurrencies while right under their noses, corruption, smuggling and so many illegal activities happened in a broad daylight and at the same time using their own centralized currency.
195  Other / Meta / Re: Spammers and Burst Posters only on: April 07, 2023, 11:46:35 AM
There're still people like me who leaves gaps in their posting time even if it's on different thread not just to be considered a spam maybe it's  just some sort of hobby or maybe they just wanted their account latest/past posts to be clean just like in my case.  Grin

If the person posts in a natural way, in response to some subject, sharing information or expressing his personal opinion about something, it is really irrelevant to post too fast in several topics.

Speaking of myself, I can keep up with several subjects at the same time, so it's not difficult for me to comment on two different topics in a short period of time.

It all depends on whether the other users who are participating with you in the topic are active and respond quickly to your post.
That is exactly right. IMO, if you are responding and contributing into the discussion, that is not considered as a spam, not unless you jump from topic-to-topic writing whatever comes into your mind without a care just to compose/construct sentences to reach the minimum words of 150 is most probably considered a burst posting. Just like you do too, I am also someone who can keep up with several subjects at the same time, maybe it is called multi-tasking or so, but regardless of that, it is something that needs constant practice and requires you to voluntarily control your focus so that you won't mixed up all your replies.
196  Other / Meta / Re: A recap of Theymos April fool Jokes from 2015 till date on: April 07, 2023, 11:17:27 AM
The only April Fools in this topic that I witnessed and was tricked by was the one from the previous year. The April Fool joke concerning IQ testing from last year got me to reflect on my journey in the forum by making me reevaluate whether or not my participation in the forum was over as a result of my poor score. My attitude was affected all day long till the realization that it was all a prank the following day.
I feel bad for you there. We know that there are people experiencing different days in their lives, some are good while others are bad. and adding the pranks is somehow making your day worse than currently it is. Just like what happened to me the last week on that "suspected a spammer" prank, I actually review all my posts to see if I really did spam or maybe someone mistook and tagged me. All sorts of bad scenarios are already forming in my mind, not until I saw that most of the members who have green trusts are also tagged by it, I sighed in relief after that although my mood isn't good that day due to personal reasons, I promised to myself that day that I would beat this game just to let go what I felt, coz to be honest I really thought it was already over for my account. Even after knowing that it was all a prank after scouring some sections on this forum before going to the meta boards, my dismay and my willingness to remove the tag was even more serious than before knowing it was a prank.

That is why I have said on the main thread on last week's prank that, I will show @theymos that I can play along on his pranks and prove that I can beat that game Grin. I somehow missed the game to be honest.
197  Bitcoin / Bitcoin Discussion / Re: What does it take to become a Bitcoin investor on: April 07, 2023, 10:20:09 AM
If someone has a bitcoin on his wallet and is holding it quite some time now and doesn't plan on selling it immediately, then he is considered one. No need to over complicate things as to what truly the definition on that. In terms of investing, we do know that there are several assets that can be considered investment not only bitcoin, and for sure we are all aware that buying bitcoin isn't something close to investing but more in gambling due to its high volatility. Yes, it's partially true that every market crashes down in any given moment, but bitcoin's market can go up or down in a blink of an eye. Investing is no different in saving, but in a way in which you bought something that over time the value increases.
198  Local / Pilipinas / Re: GHOST COMMERCE on: April 07, 2023, 08:27:15 AM
~
Ganyan din ang nangyayari dito sa forum natin lalo na sa services section, yan ang dahilan kung bakit meron tayong mga "escrow" na serbisyo, para narin masiguro na magaganap ang transaksyon ng walang aberya. Noon paman din ay mahirap talaga ang ganyang uri ng kalakal at iilan lang ang mga taong pwedeng naging escrow kaya kadalasan sa mga transaksyon ay pumapalpak, makikita din naman yan sa ibang mga members dito na may mga red tag dahil failed transactions.
Kaya nga, sa ganyang service dapat tatlong party ang kasali. Yung buyer, seller at escrow o middleman. Sa P2P market, ganito ang pinaka the best na paraan para magkaroon ng smooth transaction. Iisipin ng iba na hindi posible yung ganito at sa dark market lang pwede maganap pero sa totoo lang, mas marami pa ngang scam doon at kahit sa mga centralized na online shopping, sobrang daming mga fake online seller na hindi magawan ng paraan ng gobyerno natin na isang batas lang yan tapos magkaroon ng mabigat na parusa, siguradong mababawasan yang mga uri ng manloloko. Sa tingin ko naman puwede yan magawan ng paraan sa bansa natin tapos magkaroon lang ng mga kilalang developers na gagawa ng platform na P2P sa mga online transactions tapos kumbaga parang forum ng bitcointalk ang style, may reviews, feedbacks at yung mismong platform na magsisilbing middleman sa mga gusto mag transact.
Ika nga ng iba "its dark under the lamp", at dahil na nga ang focus ng pamahalaan ay hulihin ang mga may ginagawang krimen, hindi nila namamalayan na nasa broad daylight lang pala ang napakaraming krimen na nagaganap instead na yung mga nagtatago. Iniisip din kasi kadalasan ng mga tao na mostly yung involved sa mga transaksyon na walang namamahala ay puro ilegal ang nagaganap, at hinahayaan lang nila ang mga scams na nagaganap sa mga may nagmamanaged na e-commerce businesses.

Agree ako sa sinabi mong magandang magkaroon ng ganyang model ng transaction method, ang ikinababahala ko lang ay yung paglalaro ng monopolya ng pamahalaan, dahil papayag ba sila kung hindi sila ang magiging tagapamahala sa ganyang uri ng transaksyon? Panigurado ay masi-set sila ng kanilang standard siyempre in favor sa kanila at dahil nga may standards, iilan lang ang kwalipikado na hindi related sa pamahalaan. Ang masaklap pa nga ay kung makakapasok ba yung hindi nila kasamahan. Paniguradong magiging pulitika din ang kalalabasan at yung mga pribadong kompanya at malalaking korporasyon ang unang makikinabang nyan.
199  Economy / Economics / Re: Cash is not trash on: April 07, 2023, 07:29:21 AM
If you watch any movie about gangsters, you will see that in 90 percent of the plots, wealth is represented by cash (for example, a diplomat stuffed with 100 dollar bills).  This is no coincidence. 

Cash is the best way to avoid control over your transactions. 

However, none of us plans to commit crimes?  Yes, absolutely right! 

However, at present, people are faced with a new threat - the governments of all countries want to totally control all monetary transactions.  At the same time, the civil law principle of the presumption of innocence is ignored.  This means that the rights and freedoms of people (in particular, the right to property) are under threat.  People are deprived of the right to freely dispose of their money. 

However, the use of cash can restore this right to people.  Therefore, in the modern world, cash is of great value.


It all ends up that government doesn't want their authorities to be threatened. IMO, my statement may be worth a cent, but somehow the reality we saw today is closely similar to what I said about being threatened. We've already heard some reasons why government is wary and don't want to recognize bitcoin and other cryptocurrencies, and I'm pretty sure that it is already common for you guys to hear this "they want to monopolize everything" statement. While they wanted to seize bitcoin but couldn't, instead of taking over it, they'd just make use of their authority to prevent people using that. So where does it end? people will still follow the rules or else they will be punished.

Just like the situation of the OP, our country too doesn't have clear stand to what bitcoin and cryptocurrency is. In short, they are neutral, but they didn't forget to warn us about the risks, but still in the end on my personal experience, slowly bitcoin in our country became like any other foreign currencies that we need to be taxed upon since it is quite hard to withdraw bitcoin anywhere without revealing you are a user of such currency. In conclusion the importance of FIAT here in our country is the same level as bitcoin since both of them couldn't exist without the other same even if you will do the opposite as to buy bitcoin you will still need that fiat.
200  Economy / Economics / Re: Where do we go from here on: April 07, 2023, 06:54:19 AM
It's a natural matter when it comes to development imo. I mean, there's probably a lot of stuff that was discovered/invented that had good intentions, but was used for something wrong or could have potentially negative consequences. Then again with the advent of globalization, rules and laws that would surround new developments can be developed much faster compared to back then, so I don't think their fears are unfounded, and it also doesn't help how seemingly fast AI has developed these past few months (or years), but I reckon it would be remedied sooner or later.
Just like how humans created sharp objects like knives to aid them on hunting, cooking and even building their homes, yet after conflicts happened in different tribes, it was used to become a deadly weapon to aid them during those times. There is no difference in whatever was created for the purpose of improving one's life, there will always be other side of every good story, and this why it has to be expected that there will be people being wary about this development due to what happened so far in our history.

We cannot deny that AI will significantly improve our life specially in technology, but what people really is afraid of isn't something significant such as misused of technology, but the things about losing their jobs due to the replacement of much more efficient(debatable) and unlimited worker which is the robots powered by AI. We've already seen so many sci-fi movies to know the possibilities of such technology, and what they are only fantasizing on the screen is closely approaching to them and somehow, they felt like being threatened for their survival or being robbed of opportunity.
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