Bitcoin Forum
July 05, 2024, 11:22:18 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 [108] 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 ... 169 »
2141  Economy / Economics / Re: We exited the bear market earler than expected on: August 15, 2021, 05:29:56 PM
Most enthusiasts and believers of the coin speculated an upheaval in the middle of this year. So it's not like this comes as a surprise for most people here in this forum. Then again when we put it into perspective, three month's time before a comeback is indeed a small span of duration when you compare it to previous price dumps and recoveries that literally took years. This goes to show that as a growing community, the support we offer to bitcoin and indirectly to the market allows us to recover quite quickly from price dumps, making quick profits in the process.
It depends entirely on the market situation and there is an upward trend in the market at the present time and for some panic sellers, the market was down for a while. There is a big support in the upward market so that the market is not going down under the pressure of some sellers. But yes the market has recovered very fast which is faster than the expectations of the traders. The market has been slowing down and growing slowly again and this has happened a few times before but the latest growth has been very fast. We expect that cryptocurrency prices will rise all time high again in this way.
An upward trend isn't a good reason for the market to bounce back, at least that's how I think about it. If you come to think of it, graphs are representation of the data collected and aren't the data themselves. So there has to be an ulterior reason as to why this happened, and if the upward trend of the market were ever to be the reason for this pump, I would assume it would only be miniscule.
2142  Economy / Economics / Re: Is Bitcoin losing its purpose? on: August 15, 2021, 03:36:02 PM
Bitcoin is undoubtedly being overshadowed by numerous cryptocurrencies that offer the same functionalities, sometimes even more than what bitcoin could initially offer, and that for me is okay. Competition always bring out the best in each other more than anything, and with a standard that high, subsequent cryotocurrencies that want to make a cut out of the market must make something remarkable in order to not get thrown under the bus. This enaures a bright and fruitful future for us cryptocurrency enthusiasts, be it whether there is bitcoin or none in that future.
The purpose of P2P transaction is still there so I don't get why you are saying that bitcoin has lost it's purpose, it's still the same, we just don't think too much of that purpose because it's not like it's a requirement to use and enjoy the benefits of using bitcoin. That's like saying to your friend that they've changed just because they got better than you, they didn't change, it's you that has changed.
Not literally losing its purpose as in losing all the functionality all of a sudden, with the sudden rise of multiple cryptocurrencies in the market that could offer the same benefits as bitcoin, there is no doubt bitcoin is slowly being overshadowed by cryptocurrencies that are much better in terms of functionalities and system.
2143  Alternate cryptocurrencies / Altcoin Discussion / Re: Are NFT games also another way to gamble your money? on: August 14, 2021, 06:24:46 AM
My defipet and cryptoblades are receiving quite the notice lately. Ranging from good reviews from people who are quite faithful these games will deliver what they promised and would boom in the market, from skeptics who are quite doubtful given that these games have fell short in areas where it matters most, my defipet with the reciprocity and its play to earn feature and cryptoblades' high volatility rate that leaves its players confused and splitting hairs, especially those who bought their accounts at high. For me its all a matter of perspective because if you think about it, investment is a form of gambling in itself as well, only that the collaborative efforts of all its players could affect the win percentage of each player.
If you are investing or buying stuff for future gains, then it's gambling but if you want to play and have fun on these gaming sites and don't care if about gains then it's not gambling at all, it's what's on your plan and reasons on buying and investing on these NFT games, but it's always buy or invest with spare money so you'll not get disappointed in the long run.
It's imperative to always only invest with money you can afford to lose, otherwise you'll be causing more and more problems in the long run. You are also coreect about the fact that there should be an element of enjoyment for whenever you invest in an NFT game because before anything else, it's a game that is meant to be played and it would defeat its purpose if you are to not at least enjoy interacting with it.
2144  Economy / Gambling discussion / Re: signs of gambling addiction on: August 14, 2021, 05:03:34 AM
It's normal to have ideas for strategy every now and then which you would think would improve your gambling experiences or oftentimes the chances of you winning more games. As a responsible gambler you should put winning and securing those wins over how many games you play. To have dreams however, I feel like it falls under borderline gambling addiction. And if you have intrusive thoughts about gambling riddling you almost everyday, you might need to have yourself be checked. It's always better to prevent something than medicating to make it go away.
As we know, gambling always has a negative impact on every player, ranging from addiction, criminal acts such as stealing and so on. So one sign if they are addicted to gambling is when they place bets no longer just for fun, but those who are addicted usually place bets to relieve anxiety so as not to miss the moment.
Well it always depends on how you handle gambling as a player. There are well-off players out there that can gamble huge amounts of cash without worry, and there are people who win big from nothing, but of course they are part of only a small percentile of gamblers. Thing is, as a small-gambler, we have to be responsible for our mental health and our money, and once you were able to do that, no amount of gambling can get on your nerves.
2145  Economy / Speculation / Re: No BTC Holding is risky on: August 13, 2021, 08:15:56 PM
At this point bitcoin has already established its place in the market and had been keeping its position quite solid for the past few years. It would be a waste indeed if we are not to invest even a small percentage of our money meant for investing and crypto in such a valuable asset with high potential for profits. Although the fear and the doubts are justified, knowing that there isn't really a big and full-blown use-case basis for bitcoin unlike its successors in the market, the profitability severely counteracts this, making it still one of the biggest coins in the market up to this day.
Well, what are you waiting for? Buy bitcoin now or atleast accumulate as much as possible and hodling for the long-term and wish that you have the patience to wait for a really long time so you can profit when the prices are much higher than the current price that the market is in.
A very famous revolving quote around this forum goes like this "the best time to invest is 5 years ago. the second best would be now." It makes total sense when you realize the or at the very least envision the opportunities and potentials that bitcoin would be stepping into come 5 years into the future. To strip yourself from being part of that is a grave mistake. bitcoin is a literal "buy now or regret later" venture at this point.
2146  Economy / Gambling discussion / Re: It takes years to build a reputation and seconds to break it on: August 13, 2021, 06:00:57 PM
It's just how some business are made to be. Exit scams that are used to add additional funding for their main projects. Even worse if they are just there to make a quick buck and quit entirely or re-enter under a different guise in order to trick more people. Unfortunately that's just how this world works for some. And for their sponsors and brand ambassadors, their works stop when advertisements are made and promotions are released to the general public. Most of the time they do not have complete affiliation to the project other than the fact that they chose to sign up for it.
Users should carefully monitor the sites before using the agreed casino sites because good sites never want to make their site worse. They are always trying to figure out how to improve the site that's why they often update to do something new then the users blame without checking anything that's why every gambler needs to analyze the site and check their emails if anything changes, mail is sent. No one easily believes in new sites because they are more scammed so it takes a long time to build a reputation.
Well solution always come from the one faced with the problem as usual so it doesn't come as a surprise that you are the one to keep yourself from being scammed. Being more vigilant and mindful of whatever you do online be it connected to gambling or not is a surefire way to keep yourself from scam gambling sites that are there to make a quick buck out of your apparent gullibility.
2147  Economy / Gambling discussion / Re: What does it take for a game to "hook" people on: August 13, 2021, 04:54:17 PM
The catchiness of the game revolves around the overall atmosphere the developers advertises it to be. For example, No Man's Sky was booming in release because it was advertised to be a game that will push the limits of ever engine it was in, but quickly fell into oblivion when people came to realize that apart from fairly good graphics, nothing of what the promised features were actually delivered. The same can be said for gambling games, doesn't matter if you have the best or worst features, long as the general public doesn't feel like they are being cheated playing your game, you are good to go.
Lol,so we know casinos will always win and yet we  still play to catch fun, but when we loose why does it affect us emotionally when we had in mind that casinos always win? It's addictive to be honest and it takes the mind of the strong ones to stop playing casinos games. I tried so many times on stake platform and I noticed it's a game of luck, no strategy puts you through.
Gambler's fallacy basically. The human brain tends to obsess over control and would overestimate the amount of control it has over situations that are very probabilistic in nature. That's why people still play sweepstakes even though you have a higher chance of getting struck by lightning than winning the jackpot.
2148  Economy / Economics / Re: Miami will launch its own cryptocurrency and reward users with bitcoin on: August 09, 2021, 10:43:23 PM
City coin and they in turn would reward holders with bitcoin instead of their native coin to promote circulation and market cap increase? That seems weird for me. I appreciate that the mayor had the vision not many people in power have over cryptocurrencies but it just doesn't make sense to me why he'd go so far as to create a coin for his city, and then low ball it by introducing bitcoin into the system. If there's something about this post that explains why they thought this was a good idea please feel free to correct me. I just don't see why they would do such a thing instead of just creating your very own cryptocurrency and have people buy it instead of going over the extra hassle of rewarding holders with bitcoin, be it miniscule or major.
I honestly believe that there is a good amount of money to be made for all Americans with this. Not just because of Miami launching their place, that is not a thing that you should be worried about or happy about directly, but because Miami is doing this, and yes federal government rules and laws are different from state laws, so Miami being one way doesn't mean any other state will be like that (look at weed laws as most known) but it still means that as long as federal government doesn't intervene which they do not seem to be doing, that means it opens the door for other places and that is where Americans should be getting excited about.

There is a potential for a California coin, a Texas coin, a Florida coin, a Seattle coin, a New York coin and god knows how many more cities/states there are in that nation. So, this is going to be a good first step.
The concept of city/city-state coins could work well especially for a country as big as USA. The funding can easily be created and profits on the government and the people's end is very possible. I guess this is one of the baby steps we take towards a digitized future. Hopefully this creates more opportunities for cryptocurrencies to be introduced to the general public and not have it be stagnated as a measly side hustle you can take if you wanna earn extra cash, no matter how beneficial that might be.
2149  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin anti-inflation? on: August 09, 2021, 09:59:05 PM
The fact that bitcoin has a finite supply and only had a limited supply in circulation is proof enough that it will help you against inflation just like how investing on gold would help save the value of your wealth. Thing is, bitcoin is very volatile and fluctuations in price may go for the better or for the worst for you. So it's not as reliable as they think it is when it comes to being a store-of-value. Then again most people here who hold on bitcoin aren't here to save themselves from hyperinflation imminent as the central bank prints more and more banknotes to accommodate the lack of enough supply in circulation, it's the fact that holding on bitcoin is profitable enough that they stay.
According to many analyzes, inflation is caused by the printing of money by the Central Bank. Excessive printing of money will create an imbalance in supply and demand, which will have a negative impact on the balance sheet.
As a person who really loves BTC, I want to ask, is Bitcoin anti-Inflation?

Until bitcoin hits the total supply of 21 million coins (all mined), it is considered inflationary. but after that has been achieved, it wouldn't be. everyday, new bitcoins are mined by miners and it goes into the circulation and these miners can decide to sell those mine tokens at will. Considering this is just temporary and not for the long run, it is normal compared to fiat currencies counterpart.
Makes sense, but then again that would be quite impossible since there are some minted bitcoins that are already lost in circulation. Some left in the digital wastelands just like the thousands of bitcoins kept in a harddrive that was accidentally thrown into the dumpster by an IT guy I forgot the name of. But even then you are correct, having this kind of monetary setup where inflation is minimal if there's even any compared to fiat's situation.
2150  Economy / Gambling discussion / Re: You got a pifzer ? Then you can be eligible for lottery in Poland. on: August 09, 2021, 09:28:42 PM
Saw this being talked about like as early as February, I cannot reiterate how intelligent and intuitive this move by Poland is compared to efforts conducted by other countries to promote the vaccination of the general public. The fact that it tickled the innate desire of humans for money is while ensuring that they are able to vaccinate as much people as possible in the process is commendable on its own. I just have a few questions concerning this sweepstakes move of the Polish Government. Is this lottery still going on? If so how are they drawing the winner? Is it similar to what a regular sweepstake supported by a government is?
Here in the Philippines, most people are not yet vaccinated since some did not go to their respective schedules of vaccination. When the delta variant suddenly hit our country, our government announced another ECQ which prohibited the public from leaving their respective premises without any proof of showing their vaccination cards.

Two to three (2-3) days before the implementation of the ECQ, people flocked all of the vaccination sites in hopes of getting a free shot. The bad thing is, all of these unvaccinated people stormed through the gates without observing all the guidelines of social distancing, etc. So, the only way to get people vaccinated is to literally restrict their freedom!

Heard about that, also heard that the Philippines mostly relied on vaccine donations because the government was so busy incarcerating drug addicts and ECQ violators instead of really doing something to absolve the breach issue. With a pandemic as deadly as this, it just doesn't make sense to risk your life going over the next block to meet your friends, these people need money to survive but they wouldn't be able to acquire cash if they won't go out. and with supplies of the vaccine being scarce, there's no way for these people would just wait for their turn despite the precautions because they need to go to their jobs ASAP.
2151  Economy / Speculation / Re: Will bitcoin go down below $20,000. on: August 08, 2021, 11:07:29 PM
As of late bitcoin had broken the 30k barrier and is shooting for 45k. We still can't be complacent however as there is still a good amount of chance that the next few days show bearish signs and dump bitcoin back to 35k or even possibly 30k. At this point it's anybody's game now, and a booming news or update concerning bitcoin could definitely affect the price of bitcoin for the better. But one thing's certain at this point, there is a low possibility of a dump like the one that happened last 2018 happening again within this year. There's just so much fast movement from bitcoin nowadays that it's not likely for bitcoin to drop at such a low value.
The market behavior and direction of bitcoin is unpredictable, candle flexing can happen at any time.  Personally I am still bullish on bitcoin, short term resistances have been established ($37k is similarly strong support).  Today we are moving in a chart pattern.  This shows that a trend has formed.  $29k is the lowest this year as I guess it won't be possible to drop to $20k.  We have come out of the bear market from Fud china.  This is the most important reason.

Hopefully that fud from china already wiped out from the minds of those investors, and with the help of many institutional investors who are now inside this market, strong hands will manifest with the current value.

We might see more bullish if this current small drop got picked by newcomers who are also willing to take the long ride.

Still $29K is the lowest point and afterwards the value pumped back and bring investors and traders to a much better stats.
Never even knew much about the FUD incoming from China apart from the fact that they (as far as I know) are trying to eradicate any form of cryptocurrency activity within their borders. Thing is, it has already been established since day 1 that the Chinese Government isn't in good terms with cryptocurrency, and had made plans to thwart bitcoin's growth in the Chinese Population as early as 2018. So it's possible that people just got so fed up with China's BS that they paid no mind with whatever China's doing that concerns bitcoin because it will for sure be negative anyway.
2152  Bitcoin / Bitcoin Discussion / Re: Hey! Let me pick up a rock and let's buy it from each other... on: August 08, 2021, 09:58:22 PM
Rocks on their own basically have no much use, plus fungibility is also an issue when it comes to using rocks, just because you called this rock precious doesn't necessarily mean that I will let you trade that for my gold collection per se. With bitcoin it's different, the common people's mistake is assuming that bitcoin's value is not backed by anything except the faith of the people that are investing in it which is of course not true. Some of us here invest for the technology. Some see it as a currency and had been using it for anonymous transactions. Plus, the argument that it doesn't do much is quite false as well, because as we speak, there are plans and are upcoming plans for bitcoin utilization in the physical and online world.
Isn’t that idea the same with the paper bills that you are using right now? We just ‘trusted’ the central authority that issues the paper bills that it is worth something

fiat is not based on pure trust.
its based on laws. such as:
people are paid a minimum wage of X fiat.
people have to pay tax at a % of fiat
the country utilises only certain format of fiat

thats what gives fiat value. the laws
This is both right and wrong. Paper bills in the past are made as a placeholder for when you don't have the gold coins to purchase goods, with paper bills practically meaning that "I owed you this much gold coins with this purchase, you have to trust me that sooner or later I will pay you with its counterpart in gold". Until some time later we find out that we can endow these bills with value themselves and not just use them as placeholders, hence why we call these "banknotes". Now going back, it is quite true that the ones who protect a fiat currency's value is its own government, but what endows it with value is the economy it is backed upon.
2153  Economy / Economics / Re: Bitcoin investment on: August 08, 2021, 08:48:06 PM
Speculations will remain as speculations unless proven or disproven otherwise. Despite this, a lot of people are believing that bitcoin will indeed reach 100k this year or Q1 of next year which is very possible considering the past year's performance of bitcoin. Still, I would like to place a disclaimer for you indicating the fact that bitcoin isn't a get-rich-quick scheme, nor is it a get-rich-guaranteed scheme of some sorts, so be sure to only invest what you can afford to lose, otherwise the detriments will be much worse for you than what you may have anticipated.
One of the thoughts that will keep you cool in any situation if you want to buy bitcoins at any price is to think of your investment as savings. I've read several people saying the same thing probably for the same reason and I think it's the right way for you to do it.

The thing that support this thinking is that you are pretty sure of the potential for bitcoin in the future to hit $100K. Currently the bitcoin price is trading at $44K or lower than its last ATH so it is still possible to buy bitcoin and hope the ATH will rise again. Previously, if people who bought bitcoin at the peak price of late 2017 did not buy more bitcoin during the down, then they would have to wait and store their bitcoin for 3 years to cover the losses incurred as a result of the decline. There is a possibility that the losses will be covered faster if at the time of the price down they buy a lot, but if not then it will take 3 years to recover the losses.

The same thing could happen to you right now. If the price target you want to reach doesn't happen after you buy, then it will take you longer to see the $100K price come true.
Would work if you are very willing to have your investments be sitting in your wallet in 2-4 years untouched, regardless of the market's movement and behavior within that timeframe. Some people will be willing to do that but for those who cannot afford losing their investments for reasons, might as well diversify your portfolios so you don't lose all your money in one basket when worse comes to worst.
2154  Economy / Gambling discussion / Re: Should online gambling companies be responsible for harm related activities? on: August 08, 2021, 04:34:54 PM
There should be a much stricter policy regarding customer welfare especially in these types of business models where customers who sign up are at risk of being addicted. Many may disagree with this but soon as you get into the habit of gambling it's quite hard to quit it without outside intervention. And in situations like this it is very helpful that online gambling sites set up parameters that track their customer's activity and provide them with health assistance or redirect them to a healthcare professional soon as they see patterns of addiction. It shouldn't be that bothersome to project empathy especially for someone who keeps your business running.
What kind of harm can a gambler get while playing online? Curved spine because of sitting on a bad chair and loosing visual acuity? But that is not what company be responsible for. If a gambler looses a lot - this is an addiction that specialists must cure. Chances of loosing due to phishing ? Again this is gamblers responsibility.
Phishing may of course be on the gambler's fault but the fact remains that they should inform people about this as soon as news of it come out. As for the other health detriments, they could do something about it like automatically locking the customer's account on certain parts of the day and redirecting them to a health professional which could be done within their system if my memory serves me correctly. Yes it's quite the trouble but in exchange for a much healthier gambling environment? Yes please.
2155  Economy / Gambling discussion / Re: Will physical casinos accept crypto someday? on: August 08, 2021, 01:18:58 AM
There is a huge possibility of this coming true in the future. The cryptocurrency pump that happened last year plus the multitudes of online casinos that mostly offer cryptocurrency prizes may force their physical counterparts to accept and reward their customers in the form of cryptocurrency someday. This offers numerous benefits for the bettor and the house since they would cut the need for greenbacks and cash rewards, because nobody wants to walk around the city unarmed with a bag of money with them. That would literally be a call for thieves and muggers to target you.
one day they will definitely do that, physical casinos really love money, if crypto is adopted there is no reason they shouldn't add cryptocurrency options to their business.  sooner or later it is something that casino owners have to do as a form of following the trend.  and I'm sure the concept will not make it difficult for gambling players who want to use crypto to make it easier to deposit or withdraw.
There is a huge possibility of this happening but your explanation should at least explain more as to why this would happen. I would assume that by you saying that casinos love money, you mean that they see cryptocurrency gamblers as an untapped resource they must come after to expand their reaches and improve profitability. This wouldn't happen anytime soon though as drastic measures like this takes time and research before implemented, not to mention the risks of COVID-19 contraction being existent.
2156  Economy / Economics / Re: The Role of Government in Crypto on: August 06, 2021, 11:37:20 PM
Governments do need to regulate and officially legalize a system or an earning program in order to have it operate within the borders of its country, but the thing is, most cryptocurrency are decentralized and do not abide by a border to operate, which makes it hard for them to be regulated by a single government, since there is no one to coordinate with in the cryptocurrency end of the spectrum. Then again if they are to find a way around this in the future, this will pretty much resolve some of the adoption issues that we are still facing and make cryptocurrencies more accessible to the general public.
as long as you use Blockchain, the crypto currency remains Decentralized.  even though it is managed by the government, the most important thing is that the government cannot fully manipulate prices or control them.  cooperate only on regulation.  such as taxes, insurance and security.  I think it will have a positive impact so that people feel safe and protected
Exactly, but the government being the government, would not allow such eventualities to occur within its borders, no matter how rigged or corrupt the general population think this is. In order to fully operate within its borders, there has to be some sort of recognition on the government's end allowing cryptocurrencies to operate under the government's watch, otherwise legal issues involving cryptocurrencies will not be backed and supported by the government.
2157  Bitcoin / Bitcoin Discussion / Re: Why is Bitcoin worth so much? on: August 06, 2021, 10:43:14 PM
Just because it is practically the progenitor doesn't mean that it is inferior to the ones that came after it. The fact of the matter is, that bitcoin's popularity and technology paved the way for these cryptocurrencies who I would say are just slightly different iterations of bitcoin and without it we wouldn't see ethereum, or any type of cryptocurrencies out there. in more ways than one bitcoin show more promise than the majority of the cryptocurrencies in the market. Further dignifying the fact that even if it came before everything else, it is not last in the race and is still practically succeeding past the other participants.
Bitcoin is valuable because many people believe in it, maybe one day Bitcoin will become the currency used by various countries.
I think another reason why Bitcoin remains valuable is because:
- The most popular cryptocurrencies
- The only fully decentralized cryptocurrency
- Maintain majority market share
- Become the main investment destination of most traders
And people believe in it because of the promising potential that it can offer not only in the sector of finance and economy but the technology behind it as well. Blockchain is one of the most secure and most powerful technologies ever made in this decade, there is a wide array of applications that it can be implemented on so in order to keep blockchain alive at least until we crack all of its secrets, some of us who aren't even proponents of bitcoin had no choice but to support it nonetheless.
2158  Other / Off-topic / Re: Slapping Tournament on: August 06, 2021, 10:09:01 PM
I've seen this game through MoistCrit1kal's stream become big from just being a regular back of the set slapping tournament to a tournament of its own complete with a larger prize pot and basic rules within the game prior. There's a huge possibility this could progress even further to perhaps have it be given a show for Russian people to enjoy. Olympics however would be a bit hard to reach since most games that are included in there all originated in Greece and as far as I know the basic criteria that a sport to meet in order to be included in the Olympics is to ensure that the sport originated from Greece itself.
stop those who do see slapping tournament would look appealing or interesting.

It doesnt really require some serious rules but only to hit up the face of your opponent and take him down.


Can't agree. Slapping tournaments are shitty enough from any point of view. This is not a fight where the best one wins due to his willpower or skill. People just want to see some things which cross the red line and i can't agree that this should be tolerated. Today they looking at slapping tournament and tomorrow they will look at man-against-animal or male-against-man gladiator fight.
Funny that you mentioned that it doesn't require official rules when the hype around this sport had risen up so much so that it required them to include specific rules in the game like tiered warning system if you hit the neck or the ear. Some participants even take diets and training before their games so at this point it became a game that has gone serious despite the fact that it probably came from a couple of people memeing around.
2159  Economy / Economics / Re: The slave does not dream of freedom, but of being the slave-master on: August 05, 2021, 08:35:09 PM
It's all about what you do with power that determines whether you are a master or a leader. Not everyone who was able to command a multitude of culture and people did so in hopes of enslaving them in the process. Sure the majority may do but there are still notable exceptions to this question. Nonetheless, as a considered "slave" since I haven't created my own cryptocurrency and have no plans in doing so in the future, yet I am relatively faring well and couldn't wish for more other than hoping the cryptocurrency industry flourishes more and touch more lives in the future.
Although everyone thinks that cryptocurrency is freedom, everyone cannot control cryptocurrency.
Like everyone, everyone wants to be a ruler. .
Real freedom is not something you can get by being a slave owner, nor is it something you can easily get by being a ruler. .
But freedom is very simple, depending on how you understand your freedom,
I feel that life is very good now. Family and friends are all around. It's  to have dinner together and discuss the cryptocurrency market. This simple happiness is enough, so we can simply enjoy life.
Responsibility and morals is what keeps everyone tethered from freedom. To rule, you are given the responsibility to take care of lives under your morals. This could also be seen in cryptocurrency when someone releases their own cryptocurrency and garners interest and purchase from people. In some way or form everyone is a slave in this world, so it's not like you can't really get away from it. What matters at least for me is the fact that through cryptocurrency, and the technology that is behind it we are given a promise and a hope that the future wouldn't be as awful as our present.
2160  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin solve the world's debt problem on: August 05, 2021, 06:07:17 PM
This is a problem that banks have caused to create profit, to have bitcoin solve it, if it can anyway, is like having someone clean up after your mess. If we are to reinvent the way currency works through the introduction of cryptocurrencies as the main form of payment method that we will use, we may not even have to worry about the debt itself as banks would be obsolete and in any case this should clear out the small debts. Larger debts in the form of loans on the world bank however may require a larger form of effort to be exerted which bitcoin doesn't have to do.
Can Bitcoin provide a way out of the world's debt problem? The current fiat world incentives debt through currency debasement and cheap debt. Too much debt can be a problem for long-term productivity and raises questions about sustainability.

Is bitcoin a possible solution to this mess? If more and more people start going from fiat to bitcoin, can we at least end up having a soft landing when shit hits the fan? Or will bitcoin exascabate the problem instead? Is there still hope for this world?
I think bitcoin has the potential to solve the problem of inflation in the face of increasing consumption indicators causing the devaluation of fiat currencies. Historically there is no evidence of the ability to settle debts from bitcoin. That year, Venezuela may have gone into the tunnel, but it was adamant not to adopt bitcoin as a defense against those massive debts. Whether bitcoin will be legal tender worldwide in the future but I'm not sure this is resolved and is an effective method.

Inflation, certainly. But massive debts? It's unnecessary and quite impossible even for something as revolutionary as bitcoin. Bitcoin could at least help a country utilize its potential much wiser and with that comes the potential for an upheaval in the economic sector and a clearing of national debts in the process. This is just my idea of how bitcoin could assist in the debt crisis and I am not quite sure if this is a very viable move that countries could take in the near future.
Pages: « 1 ... 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 [108] 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 ... 169 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!