In Venezuela it was way worse with a rate of: 1 USD = ~248,487 VEF which is 0.000004 USD, 1 Satoshi was worth 20 VEF at one point, this was changed recently due to the insane inflation in Venezuela and the old VEF was converted at a rate of 1:100.000
Wow I have never thought about Venezuela which has become the poster child for bitcoin use lately. What is happening in Venezuela is really saddening. The country has all the potential to be an economic power, has many of needed resources, got political leadership that shifted away from USA (they should have used that as a big advantage) but then it was mired with wrong policies and corruption got in the way. I am wishing well the people and the government of Venezuela that things will go right soon. It's always the people not the country. A lot of countries are fucked only because their leaders are greedy, a lot of 3rd world countries have probably more resources than many 1st world countries and yet they are still poor. Of course sometimes its not their fault but other countries leaders fault, cough cough, US, cough cough. |
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Of course, it is not the same to speak of a decentralized economy than of cryptocurrencies, but we do dare to place them at a close level for their contribution to it. Spain, Switzerland or the United States are examples of such systems, and it must be said that virtual currencies have already reached them.
Lols, Last time I checked Spain, Switzerland and the United States were not in the stone age. Decentralized economy? Go in the wilderness and start trading with bears and squirrels if you want a decentralized economy. When somebody will start selling counterfeit expired milk with the same package and labels as your farm but you have nobody to turn to because there's no authority left you're going to regret the tyranny of the centralized system. With all the blockchain hype all people only speak about decentralization, like is a miracle cure and pointing at it like being a natural solution. Then start with your own body, I'm pretty sure the legs and arms are tired to only obey the brain!  Yeah, decentralized economy is pretty much like communism, it seems to be amazing in theory but then reality hits you hard. We are not ready for a decentralized economy, humans are too greedy for that, maybe in the future when only AI is left. |
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Spain in that list? HAHA, it took me months to even be able to pay my taxes in crypto here, the law is not clear at all in regards to cryptocurrencies, I mean, it's certainly not banned or anything like that but it's also not integrated whatsoever.
Why is it not clear? Countries don't specifically have to adjust their taxation rules to crypto and mention the asset by name. It technically doesn't even matter what it is that you buy into and sell, taxation applies whether you like it or not. People quite often assume that just because crypto isn't legal or mentioned by name that they don't have to pay tax. That's false. It's dangerous as well, because when your government starts to ask your exchange for user information and the exchange hands it over to them, you'll be busted and forced to pay the tax you 'owe' them plus a hefty fine. Governments haven't been very active on that front in the past, but that will change in the forthcoming years. Of course you have to pay your taxes but it seems extremely confusing when you have to do it with cryptos, for instance for our signature campaigns, how are we going to prove that we got the money from them and is it even legal to participate in signature campaigns without some sort of contract? |
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in the end the Bitcoin market is controlled from the btc whales . Same on the fiat market the riches control the market  regards it is way harder to control the fiat market, almost impossible for a single person, even for a group of people since the liquidity of that market is insane compared to bitcoin. You only need around 20k bitcoins to create a massive crash, however that amount of money would be nothing for forex, the market wouldn't even move that much even if everything was sold at once. |
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https://bitbet.proWhat is BitBet.pro?- BitBet.pro is an advanced P2P cryptocurrency price movement betting platform. Predict the price movement of various cryptocurrencies and win Bitcoin from others players! Why should I play on BitBet.pro?- We provide you with the most advanced betting interface on the market, lowest fees, most stable platform and fastest deposits/withdrawals. Is this game fair?- It absolutely is. We cannot possibly change the price of a cryptocurrency. Data is taken from reputable exchanges including Binance and Kraken, in realtime. We are not after users winnings since users play against each other. We collect a small fee to keep the service running. What cryptocurrencies are supported?- For deposits and withdrawals you can use on chain Bitcoin and Lightning Network Bitcoin. Price movements you can bet on currently include Bitcoin:USD, Ethereum:USD, Litecoin:USD and BitcoinCashABC:USD. Referral system?- Of course! Invite your friends and earn 25% of the fee the site takes of your referrals winnings. Signup Bonus?- We are giving away free Satoshis for a limited time! Register now and grab your bonus on the profile page to try out the platform. Still have more questions? Head over to https://bitbet.pro/faq and checkout our FAQ! So if I am not mistaken this is another platform that you would bet if the price would go up ro down right? I like the idea and it is not just Bitcoin that is being used in this platform there are also other so I really like it. And thanks for the bonus . We will add even more coins to the platform once our userbase grows. Stay tuned for that! YES! This is great, I have been looking for something like this for some time now, Freebitco.in started offering bets on price predictions but they were only a few, you should add more time frames too, 1H, 4H and 1D like the charts usually have, I haven't tried it yet but I will register immediately and post my thoughts here. |
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Ok, let's say you are a normal business, small-medium at most, a bar/restaurant/shop and someone wants to convince you to accept bitcoin as payment, what are you going to tell the owner? What does he stand to gain from it aside from a headache? I really don't see it, do you?
i helped get loads of businesses to accept bitcoin between 2012-2015 if you only knew what happens after the customer walks out after a visa payment. business needs to do chargeback checks. wait for funds to actually arrive in bank account. have to keep transaction receipts for 5 years. has to pay monthly/yearly point of sale equipment costs. with bitcoin its just a QR code and someone to swap to fiat And wait for the transaction to be completed which can take hours? How is that going to work when you are buying food, are you going to have to wait for hours for the transaction to complete and confirm? What about all the transaction fees? What about the fact that Bitcoin might just lose 30% of its value overnight, what is the business owner going to do, convert the btc immediately to a stable coin? Pay even more fees when he wants to actually cash out? |
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you got a point , everyone can say it's a scam unless u try first. I posted a free bet here . I'll accept your apologies after the match is over  Yeah and everyone can say the did something months ago and write it in a spreadsheet afterwards, no? Just because you posted a free bet here it doesn't mean shit, even if you win it, you claim to have 75% win rate, how are you going to prove that with just 1 bet? You would need to do it for this whole month in order for us to believe you. |
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The very conceptual idea of the State is to keep people under control, and for that, people need to be poor, undernourished, distracted and ignorant. A State exists to protect an aristocracy which have the monopoly of force. Without the armies and the weapons, they cant enforce poverty and enrich at the costs of the enslaved.
Fiat money is based on the PoS model, where the money is stacked into debt. People who criticize the PoS model says it will eventually go to zero. Fiat money had already reached this level, after it was debased from gold, and hence it became negative: each bank note is a garantee for a unpayable debt, which in some countries is equal to the GDP, implying that each citizen is a slave, cattle to be grinded in the machinery of what they call "honorable" work.
People are taught since childhood to be poor, and to accept work as it is: enslavement where you work like a mule for the entire day, doing repetitive stuff you dont like. In this way they dont have time to think and ponder about what they are doing. For the weekends, they can be brainwashed with stupid television programs, or look for breeding "needs" in nightclubs, spending their hard-earned money with drinks and drugs.
Unfortunatelly, we cant change this. Bitcoin will not change it. The whales manipulate the price, and this brings misery to the enslaved ones who dont have enough money to invest on it. How can you have bitcoin as a currency if its manipulated as a speculative asset? And then theres the electricity costs: people rejoice at the idea of bitcoin valuing 1 million dollars, but dont think about the electricity it would need to mine at that level. The large ammounts of electricity would bring a Matrix-like scenario in a matter of years: people would need to plug their own bodies in the network and offer their own energy to mine bitcoin, which could become the framework for an AI. But then I wonder: would it be better or worse than the current system? We cant know it.
''People are taught since childhood to be poor'' Meh, are they really? Where exactly does that happen? I don't believe my parents ever said to me, hey, you should be poor all your life, they always wanted me to be someone important as most parents do, like a doctor or a lawyer, etc. People are poor because people are idiots. We need idiots, though, we need people to do the shitty jobs, at least for now, hopefully in the near future we will have robots to take care of that for us. |
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Will there be many more like this? I mean this was a good interview and this glen goodman dude is great and all but I really would love to see Erik Vorhees and Winklevoss twins as well with some good questions.
All three of them have been known to talk about bitcoin a lot but usually they are focusing on the adoption part of bitcoin so they talk with people who are not really into crypto so that they can speak about why bitcoin is great and all that, which means they talk about crypto to non-crypto people. I would love to see them get questions from someone that is actually into crypto and knows what is what for just once. That way we can see the mindset of someone who is smart and rich in crypto space and how they think which could shed a lot of lights for us.
Hey One of the main goals of the series is to listen strongly to the wishes of the audience (community centered).. you have the opportunity to directly contact the producers and to tell them, whom you would like to have interviewed. Here is the link: https://docs.google.com/forms/d/e/1FAIpQLSe36WwLgNJD51cudNSyxnzHQnfUYQQroCqBpoDskRURDNc1nw/viewformbtw have please a closer look on the intro.. Naeem Aslam from Forbes and Tom Lee from Fundstrat have already been interviewed: d Hey, I checked the intro and I did see Tom lee there but where is the interview? I checked your channel and found nothing. Did you not release the interview yet or am I too dumb to find it, I tried googling it too. Pd: I'm not a fan of Tom Lee, I just like to listen to his bullshit |
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In Venezuela it was way worse with a rate of: 1 USD = ~248,487 VEF which is 0.000004 USD 1 Satoshi was worth 20 VEF at one point, this was changed recently due to the insane inflation in Venezuela and the old VEF was converted at a rate of 1:100.000 There are a few others that are close: https://www.x-rates.com/table/?from=USD&amount=1 |
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I am searching on the topic of decentralized economy and I came up with this piece which is a good one for me. I am quoting it here below: "What is it for? The decentralized economy emerges as part of a critique of existing market-economy systems. Virtual currencies are making financial decentralization possible, which undoubtedly influences the economy. Some of its professionals say that this type of economy is used to reduce costs and increase efficiency, so that there are fewer surpluses and shortages of products so that people can be free to choose what to produce and consume, take advantage of the time and knowledge, etc. Of course, it is not the same to speak of a decentralized economy than of cryptocurrencies, but we do dare to place them at a close level for their contribution to it. Spain, Switzerland or the United States are examples of such systems, and it must be said that virtual currencies have already reached them. As a result, we are witnessing the reaction of central banks, who still show a strong reluctance to their use and proliferation." Source. Are we heading to the creation of a decentralized economy (the one controlled by the people themselves) but still within and a part of the bigger centralized economy (the one controlled by the government)? I think that there should be a clear distinction made between a decentralised economy, and a decentralised currency supply. The latter is what bitcoin is trying to achieve, and most other cryptocurrencies as well. Decentralising the entire economy is still unfathomable at this point, and it is unclear whether this is actually going to be practical or required. In the future, though, I think that what will happen is that centralised currencies will run in parallel with decentralised alternatives, to a greater extent than what is already happening. More people will most likely move their assets into decentralised, longer term store of values, as opposed to keeping them in fiat. However, the traditional financial institutions, central banks, etc. aren't just going to disappear off the face of the earth. Even a decentralized currency supply is hard to achieve. Even though cryptos are essentially that, they cannot be 100% decentralized even if we get to a point where people only trade using decentralized exchanges and bitcoin doesn't even need usd or fiat anymore, someone could still control the majority of bitcoins, essentially controlling bitcoin's fate since he can always crash the entire market at any point. |
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Right... but it didn't really work, did it? Cryptocurrencies are traded more than ever and the price is still significantly higher than it was 3-4 years ago. Not everything is a conspiracy, government fear about taxes makes sense, can you imagine if no one paid any taxes? The fear of linking cryptos to crime is also fair, of course crime has existed way before cryptos but it's not crazy to think crypto might enable criminals to do even more harm even though it doesn't seem to be the case.
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Nobody owns bitcoin or the market. However the market is easily manipulated in bitcoin, due to lack of regulations.
Whales, exchanges.... they are manipulating. Donīt you remember Bcash drama in 2017, when bitcoin price was heavily manipulated?
I doubt bitcoin would stop being manipulated with regulations in place, regulations will never be able to stop manipulation, the same manipulation happens in classic assets too, even dollars or euros, the biggest difference, I believe, is the volume and liquidity of the other ones compared to bitcoin. It doesn't take a lot of bitcoins to be able to manipulate the market heavily, however it does take a lot of euros to ever crash the eur/dollar market for example. |
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But it makes sense though, even though bitcoin was invented with the purpose of being a currency, it simply cannot do it right now, it will never work as normal currency, the volatility will always be there, even without it, transaction fees add up if you are using bitcoin for daily transactions, it's also slow, what are you going to do, wait 2 hours for a transaction to confirm to buy coffee?
seems your reading too much into the scripted rhetoric. (obvious by the use of 'coffee' out of billions of possible product purchases) BITCOIN can be a normal currency. its not the fault of the technology that bitcoin is not being utilised to its full potential. the reason its not at its full potential is the 'conservative' devs who want to stifle bitcoin to offer and advertise alternative networks to try getting people off the bitcoin network. before anyone jumps in defending a dev. remember bitcoin is not some self manifesting/evolving/writing AI. it is just code. and who writes the code... think about it Ok, let's say you are a normal business, small-medium at most, a bar/restaurant/shop and someone wants to convince you to accept bitcoin as payment, what are you going to tell the owner? What does he stand to gain from it aside from a headache? I really don't see it, do you? |
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Are you asking us to believe a stranger here. Do you have any portfolio with reference? If you are really looking for business then you need to prove your worth. May be you can offer some free tips to prove your worth.
Cheers :-)
He has a spreadsheet posted for his wins in May but obviously anyone can do that after May and claim he made the bets before, unless he has all the bets posted one by one with a real timestamp somewhere, this is just a scam. |
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there is absolutely no argument about what bitcoin is and what Satoshi created bitcoin to be. it is a currency as it has always been and as the bitcoin paper is calling it a "peer to peer digital cash". what different people treat bitcoin as is a different matter. usually because price is always rising people tend to see bitcoin as an investment rather than a currency which is why they have invented the store of value concept and have been advertising it ever since the last big rise and high fees of 2017ish.
But it makes sense though, even though bitcoin was invented with the purpose of being a currency, it simply cannot do it right now, it will never work as normal currency, the volatility will always be there, even without it, transaction fees add up if you are using bitcoin for daily transactions, it's also slow, what are you going to do, wait 2 hours for a transaction to confirm to buy coffee? |
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Dude, I have seen you before, you are a conspiracy theorist, you are one of those guys who start believing crazy shit with the slightest ''proof''. Don't be delusional, no one knows for sure who satoshi was. Gavin Andresen never admitted working for the CIA btw.
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Facebook Coin or GlobalCoin or AmazonCoin etc. they will never really be able to attack Bitcoin & C. because they will have a different system and "play" on different fields.
What is certain is that they will be successful, very successful, and will be increasingly widespread alongside "old traditional cryptocurrency".
Another certainty: there is no intention to replace and / or kill Bitcoin & C.; if there was this idea in the past, today this possibility no longer exists! Too many interests and too many big players have already taken the field, investing many billions of dollars.
When the first ETF is finally approved and / or when Bakkt starts, NOTHING can stop Bitcoin anymore!
And when GlobalCoin and AmazonCoin and AppleCoin prove their limits, Bitcoin will become even stronger and unstoppable.
WHAT YOU DON'T KILL YOU, FORTIFY YOU AND MAKE YOU STRONGER!
Well, something can stop bitcoin, lack of use, another coin can take Bitcoin's place at any time, the only real reason bitcoin has survived this long and it's still number 1 it's because it was the first crypto and it's the most accepted crypto out there. You also have to buy bitcoin to buy other cryptos most of the time, ethereum is the only big competitor to bitcoin because it has a lot of pairs too but Bitcoin is still the one with the most pairings, specially fiat pairs. |
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I'm now scared to bet on Boxing, fricking Anthony Joshua made me lose a good amount of money, I totally did not expect him to lose at all, specially after knocking the other dude in round 3. I believe Tyson Fury is an easy bet too but who knows now, I will still bet on it though although the odds are a bit shitty.
I also just realized you have negative trust, I never had problems with nitrogensports, what happened?
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Hey, has anyone tried to withdraw with the smallest withdrawal fee possible, 7200 satoshis right now? I would like to know approximately how long it took since I'm not in a hurry to withdraw but I also don't want to wait weeks, I'm guessing it takes 3-5 days at most but just in case I wanted to ask.
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