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##PROOF OF AUTHENTICATION##
Bitcointalk Username: DapanasFruit
Telegram Username: @MangoCoinz
Campaigns: Facebook, Twitter, Linkedin
Spreadsheet: FB (223), Twitter (233), LinkedIn (101), Telegram (4477)
Bep-20: 0x90269f0989C0e0C3E71ee4D0F3201A81620cbC47
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I am not so sure of this...but I think the real meaning of this post is lost in the translation. When you are referring to chaos, are you talking about disruption? Disruption in the sense that Bitcoin is going to game-change any things as far as money, banking and finance can be concerned? And I would agree with you in that case and we are already seeing things right now how Bitcoin is getting into the mainstream of the population and even getting the approval and endorsement of many financial institutions like big banks as they too understood well the value of Bitcoin and its potential to be bringing profits to them...remember that banks are primarily a profit machine so they go where the money is just like sharks where the blood is. And yet after more than a decade of existence, Bitcoin is just showing us the tip of the iceberg...this is just the beginning of "chaos" you can be alluding to.
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This is alarming but good thing that since YouTube is a centralized platform the stolen accounts will eventually be returned to the rightful owners. What is noticeable here is that hackers now have the technology to override passwords and I am assuming that these famous YouTube accounts are not using too simplistic passwords. That same technology can also be used to hack on emails of people whom the hackers thinks can give them some benefits. Another lesson here is to be careful what you see, read and view on YouTube as you never know that the channel is already taken over by somebody else. Well, such is the risk when we are involved with cryptocurrency and an online platform like YouTube which can also be said on any social media platforms.
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Well, that is the pushing power of Elon Musk and as long as there are people who are convinced that anything he is posting in social media can have value in the marketplace then there will always be buyers and sellers, of course. Now...was the post made into an NFT? Anyway, we are still in the Wild, Wild West here, so to speak, so how we are evaluating value can still be experimental at best.
The bottom-line is that beauty is on the eye of the beholder and in this case the value is on the part of buyer who can also be soon a seller. Still, a small part of me is wondering: Are we not already in an upside world or maybe I am just holding on to my traditional view that I could not see the way of thinking in this industry we are in?
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This is actually interesting...and once there can be a good market with this technology and the data they can be able to gather am sure there will be more players on this market. I know that there is already a technology that uses iris scan as the replacement for the passwords we are usually using. Will that be the future of security? Of course, we are concerned so much on the possible security risks involved and the usual unauthorized utilization or monetization of the gathered data. In an increasingly high-tech and changing world, there is that tendency for some - including the government itself - to sacrifice privacy in the name of a cause...and this is where we should really be careful.
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#PROOF OF AUTHENTICATIONForum Username: DapanasFruit Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2878632Telegram Username: @KowenKoh Participated Campaigns: Twitter, Facebook, Telegram, Instagram, Linkedin ERC-20 Wallet Address: 0x90269f0989C0e0C3E71ee4D0F3201A81620cbC47
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bitcoin has a real cost of creation via the mining hardware. much like golds underlying cost is in gold mining costs.
because it costs $10's of thousands in electric/hardware to make just one bitcoin. (more precisely hundreds of thousands per 6.25 reward) that gives bitcoin a baseline value. which no one wants to sell below. thus giving bitcoin a good actual store of value.
yes there is the vapour/speculative/bubble premium ontop thats volatile. but thats the same with gold
What you have just explained has made me wonder about something. Do you think that the rise in electricity prices that is happening in many parts of the world, especially where it is being mined the most now like the US, is going to affect the price of Bitcoin? It should, I'd say, even though we are in a bull market I guess it is another factor that will push the price up. In my own humble view, I think that the rise of electricity prices will not have considerable push-up effect on the price of BTC...the price is always determined by the market forces so it can go up and go down anytime and sometimes for no reason at all. Now, having said that, the electricity prices can affect mainly the profits that can be gained from Bitcoin mining just like any other business as this is a major expense. Right now, the USA has gained the top hand in BTC mining and not anymore China...this can certainly be exerting more demand for power and there is that talk to exploit wasted energy so they can be converted to cash rather than just have them released to the environment. |
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Speaking of Tether: CFTC Orders Tether and Bitfinex to Pay Fines Totaling $42.5 Million. October 15, 2021
Washington, D.C. — The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against Tether Holdings Limited, Tether Limited, Tether Operations Limited, and Tether International Limited (d/b/a Tether) for making untrue or misleading statements and omissions of material fact in connection with the U.S. dollar tether token (USDT) stablecoin. The order requires Tether to pay a civil monetary penalty of $41 million and to cease and desist from any further violations of the Commodity Exchange Act (CEA) and CFTC regulations, as charged. So they are quite shady and running on the premise of running on a "fractional reserve". I also urged members to read a post by @NotATether - Is Tether really that stable? Let's find out.Sadly, this is quite true. Maybe the whole cryptocurrency industry or its main leaders like big exchanges should be demanding an explanation from Bitfinex on this matter and force them to change their ways because what they are doing is really anathema to the cryptocurrency industry itself. This has been an ongoing concern since I can remember and is always cropping up whenever Bitfinex is minting more USDT. In my view, this is even worse than what central banks are doing. |
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Just tell him to buy Bitcoin or some other coins at least in the top 10 of the CMC ranking and then hold them for some time. Of course, there are things to avoid also like scams, hacks and phishing so one has to be careful with everything. And you can also direct him to this forum and any other good sources online. Now, am not actually surprised why the sudden change of heart of your friend as Bitcoin is now gaining momentum in the mainstream media and the population. In 2022, am seeing more popularity of Bitcoin especially if there would be another country that will adopt BTC as an official tender.
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Those naysayers did not researched well on Bitcoin they are just putting up their own myopic conclusion on something they did not actually explored and understood...and I think this is quite expected since Bitcoin is a type of a disruptor. Right now, there are some senators who are leaning to think that Bitcoin has no value at all and is just a medium for illicit activities and scammers, just like Senator Elizabeth Warren. I am not blaming these people because ignorance and stupidity run on all humans including those who got verifiable high educational status. Now, am sure that this is not the end of some people pronouncing Bitcoin to be dead considering that the asset is really volatile.
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