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Hey wetsuit,
Seems my dogecoin reward is halved for the first tier again. Once again, my UID I can't seem to find easily but my referral ID is listed as r=1151. I sent you a PM but I hate the PM system here. I can never easily find new messages because they aren't marked clearly from old messages. Sometimes it takes me several days to even notice a PM.
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People accusing PayPal of being a scam are often those who violate the TOS or deal in illegal activities, and then face clawback of their funds when PayPal wises up to them, or the counter-parties they are dealing with report them. As a large financial institution, PayPal is regulated. There are plenty of remedies for anyone feeling "wronged" by PayPal, be it through regulators, or by filing a civil action to recoup their "scammed by PayPal" funds. The reason this doesn't happen is because PayPal is following the law, and the aggrieved users are not.
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It is yet to be announced that bitcoins would be used worldwide as in many parts of the world ,bitcoin introduction is too much necessary then we can apply it.We need media to join hands with us for the promotion of bitcoins.
There wouldn't be any broad announcement any more than there was for the dollar. Nobody controls the international currency market, so there's no authority to deem anything an international currency. It just kind of happens. Whatever currency is the most sought after worldwide is an international currency because its sought out worldwide. Nobody announces it to be so first. |
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that's true banks are already up with their huge empire which is spread over whole world. its still surprises me that many people still now didn't realized about it they where just helping those evil banks with their all properties and those loans. People nowadays can stand against us if they found that we hate banks. Its not that we hate banks in true sense we just love this new monetary system which gives us freedom to do anything
And yet more than 90% of all bitcoin purchases are made by using banking services. Kind of funny right? Would bitcoin survive in it's current state without banks? I doubt it. Just take a look at the price tanking when an exchange has problem with its bank accounts or deposits/withdraws. Take a look in the other threads where people are cheering a bitcoin bank. And they have cheered a lot in the past for a few so called "bitcoin banks" and we know how a few of them went... missing. Right on. Bitcoin has value because there is already a robust international banking system. People think Bitcoin steals value from or competes with banks, but it's actually the reverse- the banking system allows Bitcoin to have value. When the next international financial crisis happens, people will flee Bitcoin for safer assets, and the price will crash hard. Nobody is going to run to a more speculative assets when money is disappearing from the international system. That expectation is crazy. |
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When a bank closes an account, they don't just get to keep the money. That would set up a perverted incentive structure to find as many reasons to close accounts as they can so they can just confiscate any funds in the bank. Allowing such a policy would lead to a lack of confidence in the banks. A bank doesn't have to open an account for you, but they can't steal your money either.
Exactly , first if you going to deposit your money you must check the background and authorized papers of respective bank.second they cant close your account without proper reason and documentation and they should give prior notice.if they dont then you have full right to complain or ask about bank through government. Yeah , true but here it is the terms and conditions of the bank system that we should keep visiting in the bank to see the bank balance or without any reason make deals atleast in the 6 months of the year . I think here the same rule in the bitcoin/altcoin exchange , I heared once in this forum a exchange freeze the account of the person when he didn't log for some years . Well here we have the option of the bitcoin where you will never loss or freez or any close of your account , the money in your bitcoin wallet is only your and no one can access and no one can steal and also no one can ban to use , whether there is even any reason exists . If you deposit your coins in an exchange though, it's no longer in your wallet, it's in the exhange's wallet. So you've essentially given up control of your coins. Unless you're trading actively or otherwise have a reason to kee coins on deposit with an exchange, there's no benefit to doing so. The longer you let someone else control your coins, the greater the possibility something will go wrong and you won't get your coins back. |
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Loans are too risky especially when you are doing it online because you can't make sure that the person that want to take loan from you will pay you exact amount or even pay the loan because there is a lot of scammers in online world and i think the only thing to avoid or prevent it, is to get or request some collateral from the borrower so you can sell it when he didn't pay you.
That's correct but why there are still people who keep doing it, I've seen a lot of lenders in the forum, so I assume they are doing their business in a profitable way. In online lending, I guess we can minimize the risk, they lend in a higher interest rate and in a short term, that is why they are successful. Have you looked at the interest rates some of these guys charge, it is often cheaper and easier to get a quick loan here than go to a money lender or bank (I would prefer not to give the bank anymore money too so that comes into play) It's better to have a loan or give a loan to a trusted website and you could learn what you could do and the potential there would be great. It's definitely hard to trust someone that just happens to be a hacker or something, better be careful. Well, for me I can have a loan in a certain bank with less than 1% a month, I doubt if it is possible in the crypto world. I don't know really the average percentage here but I see it is quite big compared in the real world. Well it all depends on what type of loan you are looking for. If it's a home loan then yes you should be able to get rates at around 1% from a bank but very few people are looking for home loans here. In my post i was talking about short term loans, even banks charge 5-10% on personal loans whereas here you can get a short term 2-4 week loan for less than 10% interest. A money cash lender would charge in the range of 25-35% interest on a payday type loan and even then you would have a bunch of admin fees added to the repayment total. Those payday lenders are a racket. They prey on people who have no other choices because they're underserved by traditional lenders like banks. Either through poor credit, past mistakes, or both, traditional lenders won't loan to them because of the risk, so these abusive lenders pop up in the vacuum. People would be better off not using them, but many people are pretty poor planners I've found. I guess that's the free market at work. If someone is willing to take a loan at exorbitant rates, they did it willingly... |
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I think it's how the definition of international currency is.
When you compare bitcoin to the US dollar There is still a long way to go.
There are over 300 million citizens in the US alone, all accepting the dollar.
Bitcoin has a few million users.
And you must always keep in mind that bitcoin is becoming more and more a form of investment.
I think that weakens its position as a currency.
300 million people in the US, not to mention the USD's standing as a stable currency internationally. There are many more people who would prefer to deal with dollars than not. And on the investment note, you've got the right correlation. "Investment" vehicles do not make good currencies, and Bitcoin is an investment vehicle for sure. Nobody takes it seriously as a currency. |
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Bitcoin won't become an international currency until it loses the volatility. It can't maintain a stable value, which is absolutely critical of any currency. People aren't using it as a currency right now so much as a speculation vehicle. For as long as that continues, it will never be a "currency."
That is not the main basis to be considered it as an international currency, the fact that it is widely use it can already be called. Bitcoin is not big enough but it continues to grow, that trend will result to a bigger market in the future. I'm not saying it's the main basis, I'm saying that irrespective of what the main basis is, Bitcoin can't achieve it as long as its highly volatile. A volatile currency is useless for commerce, and useless currencies will not be international currencies. |
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Is this campaign still paying the monthly bonus? I remember it got reduced from .02 to .01, but don't remember anything about it being canceled. I thought it used to be paid at the top of month bit didn't see one for the month of April yet which is almost over. Please let me know if I'm missing anything. Thanks.
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Bitcoin won't become an international currency until it loses the volatility. It can't maintain a stable value, which is absolutely critical of any currency. People aren't using it as a currency right now so much as a speculation vehicle. For as long as that continues, it will never be a "currency."
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The test that bitcoin fails is storing value, which necessitates price stability. If you look at all failing currencies, none of them were literally worthless, they all had some value, so they were technically a store of value. But they were useless as a currency because there was no price stability. Dead currencies suffered under rapid inflation. Bitcoin doesn't have a one-way only trajectory; it swings in both directions, but the price movements make it just as useless as a currency, because you can't be reasonably certain that the value you put into it today will be the same in a week, let alone for the long periods of time that are required to have financial security.
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Big News from FreeBitco.in - we have our first Rewards Points redemption for an iPhone AND a set of Beats by Dre headphones. The hype is real, people, these redemption options are available for your Rewards Points, you just gotta get out their an earn it - from yourself or your referrals! Make sure you cash in on the 3x Rewards Points weekend offers too! I know, I know...pics or it didn't happen. Pics below! https://i.imgur.com/pWlZSpj.pnghttps://i.imgur.com/c12rxNR.pngBoth claim by the same person? It is great to have prizes claimed by anyone, and I believe now freebitco.in will be known as gambling site not for their faucet anymore. Freebitco.in is great site with everything inside, from jackpot, prizes and everything. They should add some chat room may be to let everyone share their things but unlickuly they have huge odds around The odds have never been good relative to what other sites offer, but it's never been misadvertised or hidden. And besides, something has to pay for the free to play portion of the site. Advertising doesn't cover it, and that revenue has to come from somewhere. |
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Panic selling has an element to irrationality to it. Market irrationality creates the opportunity for value to be realized by another investor. But irrationality works both ways. Some hedge funds made billions by determining that housing was in a bubble (bubbles are be definition irrational). Panic selling is just irrational in the opposite direction, like an inverse bubble.
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If given the option between gold, Bitcoin, and a business, I'm going to choose the business every time. Businesses (assuming that they perform a market function) actually create value. Gold and Bitcoin only reflect it. Gold and Bitcoin go up on value based on trading whims. Businesses have intrinsic value based on the ability to create new value in the world.
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I think the future of paper money is to fall in value, and it is not because of the physical form, but the way the currency is issued. With Bitcoin things are more efficient, since you do not have to depend on politicians.
I thought decentralization would be prohibited by the government so I would be quite doubtful if bitcoin will replace paper money certainly the government has prepared a substitute for paper money. currently it look like difficult but i i think as soon as time pass bitcoin is becoming more and more popular and therefore we can hope that in future it may be possible to replace fiat by bitcoin. We see 10 years again, if a bitcoin can survive then bitcoin will become a candidate world currencies that will be used in many countries. Although very popular, fiat money will continues to survive because of fiat money and paper money is a symbol of the State. Maybe that you mean as an alternative currency? If true I agree with you, in the future bitcoin will be an alternative currency. But paper money will survive because like you say it is a symbol of the state, or more precisely the identity of a country. If I see a previous comment that states in future value of paper money will fall it could be yes and no. But not in the way the currency is issued, but because there is a war that causes inflation or hyperinflation or maybe other conditions. But it was only for some time and then restored. Paper money will survive simply because it is one of the easiest ways to reach the whole population especially those that do no have access to banking services but as time has come to pass most of the money of the world now is in electronic form. It seems to me that paper money is beneficial to those who use illegal incomes. Cash is very difficult to control. As soon as politicians stop taking bribes, paper money will cease to exist. That seems rather silly. Paper money is not at all necessary for bribes to exist. The only thing that makes cash advantageous is the anonymous aspect of it, and crypto has largely made that a non-issue. Perhaps t will soon be possible for crypto currencies to be completely anonymous. But in any event, cash will live independent of how many bribes are taking place. |
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The good thing about bitcoin is that you can hold it and make money with it as the price goes up.
The bad thing is the constant drama.
The good thing about USD is that you can hold it and the price is stable.
The bad thing is inflation etc.
I agree with you. Each of these currencies has advantages and disadvantages. But I would not oppose these currencies. They are just different and you need to be able to use them together One good thing about Bitcoin is that it is a new technology that has a lot of potential. The US dollar is already established and will be around for a very long time but Bitcoin is high risk but high reward if it is successful. IMO, bitcoin is the development from the previous idea. If someone is trying to compare bitcoin against the dollar and he must realize if the main thing if bitcoin still pegged on the dollar's value. Dollar makes the bitcoin alive and has a lot of value right now. The domination of dollar give more power for bitcoin to make a domination for another currency. The word "pegged" has a very specific meaning in this context. It means the price is fixed relative to something else. In no way is the price of Bitcoin pegged to the dollar. It floats freely and the price is determined by supply and demand. If you mean the price is dependent on the dollar having value, that's not nearly the same thing. |
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It is no news that banks are evil. They prey on innocent people and take advantage of their deposited money. They have the freedom to use it anywhere and charges depositors for maintenance fee and even eats the balance when it does not meet the minimum requirement. And when it is time to get our money, we have to undergo several verification procedure before we can get our own money.
That's the problem though. Once you give your money to the bank, it's not your money anymore. It's the bank's money and because everyone holds money in the bank people have started leading themselves to believe that it's acceptable for banks to hold everyone's money, when in fact you are at their mercy. When you deposit money in the bank, it does not become the bank's money. You retain ownership and the bank must return it to you on demand. Having custody of something is not the same as owning it. The bank has custody of your money, they do not own it. |
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(there were rumors that Saudi Arabian oil reserves are close to being depleted, but these may just be only rumors) In general the opposite is true of the area. Iran and Iraq have not received much recent development in their oil assets and have been cut off from modern development for decades almost. Its probable that Iraq exceeds Saudi in their reserves but does not have the infrastructure to access or transport in the way that their neighbours can do so cheaply. Obviously we have a war ongoing in Iraq still, the stability to gain the oil is not there but they arent in theory running out of it in potential. There are no theory of running out of oil but eventually it will finished that is why in the future oil will become more and more expensive but for now the stock is still enough and the world already create subtitution to decrease the oil usage We all know that the overall supply of crude is limited, but inventories are swelling at the moment. This is pushing the price down. http://www.cnbc.com/2017/03/21/oil-prices-fall-on-bloated-us-crude-storage.htmlIt is kind of silly that prices move in response to one data point like this. It just so happens that the US is the only country for which reliable inventories are available, but the US represents only about 20% of world oil consumption. Trading based on this single data point ignores the other 80% of the picture, but traders gonna trade I guess. |
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Saudi are now making the barren desert into a rich fertile land with the use of irrigation and they wanted to be food independent rather than relying on imports alone. Aside from that they are also developing other business to make Saudi a more competitive country.
Is this some sort of a joke? The Saudis exhausted their water reserves in the late 1980s, after using all of it to farm wheat. Right now, they have hardly any water for irrigation. And water from desalination is extremely expensive (in Israel, the rate is around $0.50 per cubic meter, but in Saudi it costs two times that). For irrigation, you need water at less than $0.05 per cubic meter I don't really know the economics behind such form of agriculture So take my words with a grain of salt (pun intended). Basically, they have plenty of sun and that means they could produce cheap solar electricity and thus lower the costs of water desalination significantly (or build a few nuclear power plants with this purpose in mind). On the other hand, the whole idea of sustaining some form of agriculture in what otherwise is essentially a desert doesn't look very appealing overall. They could just pour their dollars (while they still have them) into something else As far as I know, only around 35% to 40% of the costs associated with desalination comes from the usage of electricity. The remainder is taken up by the cost of the membranes and manpower. And solar panels are very expensive (and require constant maintenance) right now, which dilutes their advantage of having a vast open desert. So we are basically back to square one as I assumed And with cheap oil no longer available (there were rumors that Saudi Arabian oil reserves are close to being depleted, but these may just be only rumors) and with their wealth funds running dry (and some part of them likely confiscated by the US courts), Saudi Arabia will get back where they had been before oil extraction started, i.e. returning to nomadic life in the desert breeding camels. But since their population has increased during the generous years of oil abundance and hefty prices, the typical outcome would likely be a devastating civil war inside this hornet nest of terrorism This is news to me, I haven't seen anyone before say Saudi Arabia was close to running dry on oil. I don't particularly believe it due to how pervasive the conception of the opposite is. Especially given that Saudi Arabia has been flooding the market recently to protect market share. If they were close to depletion, market share wouldn't be their main concern, maximizing what revenue remains in the ground would be before it's gone. |
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make money from his money at things we have the capital money and upbringing of money to gain!
It is a must that you should have enough money to back up and generate another money. We know that investments are doing that way, like in trading, you can earn and start to do trades if you don't have capital. I'm sorry but how exactly are you going to trade if you didn't have any capital in the first place? There are websites that allow you to do practice trading but I don't think that's exactly what you're looking for. You're looking for something that allows you to make money from money so doing that without capital is next to impossible. Maybe you should do something more basic stuffs that don't require any capital like referring people to gambling site. If you're lucky enough, you can get a high roller and you can earn decent profits from him As I already posted somewhere in the thread, earning capital is not a big deal really The big deal is developing a scheme which would allow you to actually make money from money in an ever increasing amount significantly and consistently outperforming so-called risk-free rate of return. If you really find something working, you will always find enough capital, it is only a matter of time. After all, you can just borrow money, and this is what people actually do if they know what they are doing Leverage gets plenty of people into trouble, especially investors who know what they're doing. Hedge funds run by Ph.D. whizzes are not immune to over leveraging themselves. Simply borrowing money is not the key. The risk free rate of return is a theoretical concept. It doesn't actually exist because there's no such thing as a risk free investment. |
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