I think Mark Zuckerberg used to advocate free internet access to everybody around the the globe, despite internet cost almost nothing to connect two devices, what is spend during the transmission of internet data are just so satellite radio waves or some wire cable electricity, compare to digging gold from the earth crust, you digging gold you need a lot of men’s power, you need a lot of chemicals, you need a lot of heat to melt gold, a lot of petrol to move the gold, a lot of space to store the gold, a lot of everything to keep gold to what we have today, but it mean nothing. Internet would become the most expensive commodity eventually, you would gonna spend a lot of your hard earned money on internet bills and make the greedy conglomerate who control the entire internet water pipe business and force you to pay all your money to access the internet the entire life of you living on this earth, the free internet is dead, the free education is dead, the toll free road is dead, and we all have forgotten what they promise to give us free water free electricity free healthcare free retirement, soon we will forget we used to promise free internet access to all investors, btw it’s all a lie.
Perhaps not as much as the internet then the storage space, probably clouding will be more expensive then internet, a lot of data out there and info means power. |
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The richest bitcoin holders (excluding companies so just individuals) if bitcoin reaches $100,000
Name Bitcoin Holding Net worth Rank on the world's richest list (22 March 2020)
_______________________________________________________________________________ _______________
Satoshi Nakamoto 980,000 $98 Billion #2
Winklevoss Twins 176,000 $17.6 Billion #49
Roger Ver 50,000 $5 Billion #333 - 348
Barry Silbert 48,000 $4.8 Billion #357 - 370
Anthony Gallippi 34,000 $3.4 Billion #568 - 595
Tim Draper 30,000 $3 Billion #674 - 706
Charlie Shrem 20,000 $2 Billion #1051 - 1121
The biggest owner holds just 4.9% of the total supply. Compared to company shares where the
founder owns 10-20+ %, Bitcoin is very decentralised in wealth distribution.
What would be your net worth if bitcoin reaches $100,000?
What a pretty picture up there. My neto in bitcoin would be only 5k if today bitcoin would reach 100 000 in exchanges. |
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Lets make people to use crypto for paying, for example, the electric bill or something similar, this is the easiest way.
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Which country's government will be the most affected by the COVID-19 global pandemic, and be the first to go bankrupt, and default?
At this point the power that gives value to fiat money is trust, to much printing may affect this trust and the results could be disastrous. |
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This crysis will last for a period of 6 months to 1 year, from that point everithing should be qas it should.
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Well this means a serious impact on the american economy, i wonder from where money will come from?
Reserve of course. Or legislation to print more money. I don't think America will want to go borrowing. Printing might be the source of financing the stimulus on the longtime. At this point the power that gives value to fiat money is trust, to much printing may affect this trust and the results could be disastrous. |
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Well this means a serious impact on the american economy, i wonder from where money will come from?
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Asian people are very creative and usually find incredible solutions for uncommon problems. China will meet no economical crush, not even after the second covid wave.
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China made an international attractive imigy by helping europeans, i guess this time they will have a heavy word in this area of the world to. Probably China will not rule the global economy because countries will change their behaviour and will start to produce the basics in need.
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This is the proof that we, the final consumers have the power to control the price of oil, no demand no money. Unfortunately this is for a short period of time.
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Somehow the economic system has to be reboot and all the essential domains should open their gates. If we dont work things will get much more complicated than it is in current status. Usually with hunger commes social violent issues, nobody will stay at home when the children hunger.
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How can we get people to use bitcoin as a real currency and not just a quick way to get cash as a lot of people seem to do? When I say currency, I mean the literal definition of currency as something that is used as a medium of exchange.
Even online, there are only a few stores who are accepting it as payment.
One good solution is offering high quality products and services at a good bitcoin price, this way bitcoin or any other cryptographic coin gains popularity and, most important, utility in current social world. |
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If bitcoin is made for times like these why is everyone selling at a time like this?
China quarantined fiat FFS.
This tells me 100% BTC is only a financial purpose and not a practical purpose overall.
Just venting a little. This selloff is nuts.
Unfortunately many people just try to make a bigger income with crypto so they don't understand how crypto works and the value of it in long term. |
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We all can see in the current crisis globalisation is not the solution, everyone is for their self so i have a strong belief governance with blockchain will be national.
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On one side taxing crypto coins means the legality of it so all the scammers and thief will get legal punishments but on the other side probably there will be taxes with no benefits, like sustaining this kind of financial products or creating a more secure cyber space.
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Some governments recently try to create their own crypto currencies (e.g. China), according to reports. Some welcome this as a good step towards mass adoption of cryptocurrencies, others don't like it. Still, the crypto media welcomes this and we should consider whether this is good news in general or not.
What would be your opinions be on this? Should more and more governments create their own digital currencies and introduce them to their population or should we not support the creation of digital currencies made by governments?
I agree with mass adoption of digital coins but i am not glad if officials are involved in it because this means more regulations, complications, taxes and lack of transparency. |
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With no money people start to sell their crypto asset so probably the price will go down like a hurricane till a certain point.
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Considering the globalisation and capitalism i simply don't understand how something so indispensable like food and the labor involved in it is paid first then a worker in Fintech company. I believe we should review our values and understand that we are not the center of the universe. Perhaps in the new economy we will value more the nature and the resources around us. This is what Europe and N America should do.
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Nothing will be as it was before coronavirus, economic trends included, because human behaviour will change after this experience.
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Just when we thought that China had banished corona from it’s land suddenly new cases began to pop up at record pace, and now the health experts believe that it could be a second potential wave of Coronavirus in China. At this stage China will once again be forced to go into lockdown, and do you’ll think that it’s economy will be able to recover quickly from this second lockdown too?. Source: https://www.dailystar.co.uk/news/latest-news/china-coronavirus-cases-hit-highest-21857013China has a strong economy. Just think after couple of weeks lockdown they helped countries in europe in the fight with coronavirus sending personal protection gear and human resources so they will probably overcome this second wave. |
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