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221  Other / Off-topic / Re: Space Debris: A Subtle Way to Doom Humanity on: November 07, 2020, 01:15:35 PM
Let's be honest, while countries/private corporations are not interested in space exploration so much that they will be hindered by space debris no one will do anything about it.
So catch a great business idea for now, the business of clearing the orbit from space debris. I am sure that the first person to do this will become one of the richest people on earth simply because the longer humanity lives the more garbage will appear in orbit.
222  Other / Archival / Re: Hong Kong bans retail trading of digital currencies on: November 07, 2020, 01:08:33 PM
Few people here may like this opinion - but I believe that this is the right step.
You don't try to pay with A Snickers wrapper at the grocery store because you think it's money, do you? It's the same here - for your token to be considered a legitimate means of payment, it must meet certain requirements (including KYC). This will really help clean the market of garbage and make it
So if I show the clerk my id and the id of Franklin Clarence Mars he should accept my wrapper as money? If I pay him in cash do I have to provide KYC? Or if I pay in a foreign country with a foreign debit card?
I'm not a fan of tokens and I know that 99.9% of them are useless garbage but KYC alone means well..shit..when it comes to accepting it.

No, because your candy wrappers are not included in the General pool of acceptable currency payments.

You already have a passport, which means that you, roughly speaking, have already passed KYC from birth. You already have birth certificate, medical police, passport, driver's license, etc. Having the country's citizenship, you automatically have a " Fiat KYC"

I'm not saying that KYC is a panacea, but this is the first step to making the token less suspicious than just random exchange garbage.
223  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum 2.0 is launched on: November 05, 2020, 11:50:56 AM
Quote
What do you think about ETH 2.0?

In a few words: Buterin is a cool guy.

If more detailed - he is one of the few (as for me) who is really able to move the crypto industry forward and make cryptocurrencies something more than just a means for speculating on the price of air.
And he is one of the few whose project is not designed to make a profit for everyone around him, but to make it convenient, fast and high-quality to use his coin.
ETH 2.0 is a very nice step in development with all the innovations that will appear as a result, and I am very happy that it has finally started.
224  Economy / Economics / Re: Second lockdown in Europe can their economy survive this?. on: November 05, 2020, 11:48:36 AM
It seems to me that if everything goes further and the EU States can not cope with the second wave normally, then Brexit, which was a precident of the global scale, will become commonplace.
And as a result, the EU will remain a handful of poor countries like Greece and one and a half leading countries that will continue to try to keep it all in some order.
The EU has outlived itself as a political model precisely because every year this organizational structure took on more and more rights and powers than it once turned the economic Union into a kind of prototype of a super-state (or a quasi-Communist USSR 2.0, as you like).
225  Economy / Economics / Re: Working plans for uneducated unemplyement people in USA on: November 05, 2020, 11:33:51 AM
Even to plow a field, you need at least some education-and sometimes quite good if you want to do something more than just plow a field.
Creating thousands of places for the uneducated population is certainly good but in the long run it will only worsen the situation. As for me, on the contrary, it is necessary to develop education for technical and applied specialists. This will allow you to raise the overall level of skill in the long game of the market and avoid the need to hire cheap manual labor - it is much more profitable to have 5 sowing machines and 5 drivers instead of 20 people without a driver's license and minimal knowledge, but with bags of seeds, isn't it?
226  Other / Archival / Re: Hong Kong bans retail trading of digital currencies on: November 05, 2020, 11:31:18 AM
Few people here may like this opinion - but I believe that this is the right step.
You don't try to pay with A Snickers wrapper at the grocery store because you think it's money, do you? It's the same here - for your token to be considered a legitimate means of payment, it must meet certain requirements (including KYC). This will really help clean the market of garbage and make it
a) more transparent
b) more reliable
If I know for sure that a particular coin meets the established standards, then I am much more comfortable to use it rather than some dark token that doesn't even have a team on the site.
Again , this is another step towards a long and mutually beneficial coexistence and cooperation between the state and cryptocurrencies.
227  Economy / Economics / Re: [2020-11-01] The ECB has created a survey on the digital Euro on: November 04, 2020, 11:29:29 AM
I may be wrong, but what does it matter to all of you (us)? This is not the cryptocurrency you expect: anonymous, open, uncontrolled, decentralized.
This is just the use of technology to simplify interbank processes and nothing more. What is the benefit of this for me as a user of "classic" cryptocurrencies?
You are afraid to pass KYC on exchanges because " Oh no it's not anonymous the state wants to control me!!" - but at the same time, you are happy to implement the blockchain in a tightly controlled process. Maybe I just don't understand how it works for you?
228  Economy / Economics / Re: Demand of inside dollars on: November 04, 2020, 11:15:42 AM
To do this, Biden should won guest of all and this is a non-trivial task (even according to current calculations, it is not clear who will win).
Besides, who needs a weak economy? Yes, even if the dollar is the strongest currency in the solar system - what good will it be to the Issuer if the economy inside the country is at the level of South Africa or some other non-existent Wakanda?
The President should first of all be interested in the economy of his country and not in the strength of his currency in the international arena. Especially at this difficult time.
229  Economy / Economics / Re: Is there a market for crypto based client side data mining on: November 04, 2020, 11:09:40 AM
The only drawback of your system is that EVERYTHING is open. And the same Buffett will not want to make their operations transparent like millions of other companies and hundreds of millions of people.
I'm sorry, but we already live in a so-called "digital Gulag" where Facebook knows almost everything (including when you go to the toilet). And now you're offering the same for financial market.
Maybe it's easier to buy a Xiaomi (they like to sell every byte about you) right away and get a gps chip right in your hand instead of a passport?
230  Economy / Economics / Re: What are they hiding from us? on: November 04, 2020, 11:06:29 AM
Do not forget that this is a calculation of many indicators, not just two or three. This includes not only a rise in the price of any product, but also an increase in the buyer's salary. You understand that if yesterday you received $ 1 / hour and the Burger cost $ 1, then if today you get $ 1.5 / hour and the Burger costs $ 1.5 an hour, then nothing has actually changed?
And based on an incredibly large number of indicators, such charts of 1-2% inflation are formed.
231  Economy / Economics / Re: China is looking to get rid of the US dollar on: November 04, 2020, 11:02:15 AM
Quite an expected result of the trade war that the United States launched.
If China manages to completely exit the dollar zone without incurring losses , it will be a precedent at the level of Brexit, if not more.
And now imagine that this will actually happen - and then no one will be able to stop this train on its way to the complete capture of Africa. The EU is too weak and has too many internal problems and America will have no leverage left except to declare a real war. And there will be no war because otherwise it will be the stupidest decision in the history of the United States.
232  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple the next bitcoin? on: October 31, 2020, 07:34:47 AM
I see Ripple as a coin that is quite stable when the price of bitcoin is rising. unlike other coins which are highly volatile. but I guess no coin that can replace bitcoin yet, even ETH.


What does it take to replace BTC?
Maybe I'm not very smart but I really don't understand the meaning of all these "who will replace BTC???" / " [N] is this the new BTC???"/"The BTC KILLER has appeared on the market!!!" and other strange and funny posts on this subject.

And it is not clear what exactly all these people want to see/get in order to finally replace the BTC that they have been trying to displace for so many years still without results
233  Alternate cryptocurrencies / Altcoin Discussion / Re: Why New Crypto Projects are Dump ? on: October 31, 2020, 07:33:19 AM
Because they have no other ideas or aspirations other than to raise money on their next "innovative" token - that's all.
And then SUDDENLY comes the realization that their coin is not needed even for the mentally retarded and they exit scammed without leaving even a speck of dust from themselves in history.

The concept of the crypto project died when the pursuit of money exclusively began.
234  Alternate cryptocurrencies / Altcoin Discussion / Re: Anonymous teams on: October 31, 2020, 07:16:21 AM
If the project hides its team, then you can safely forget about it and wait for news when it closes and takes a lot of money with it to the "grave". This is the main red flag.
An open team could be a quality indicator of the project's intentions. You don't hide your face when you go to the Bank or pay for a purchase in a store, do you?
It seems to me that it is right time for the crypto community to completely ignore anonymous teams so that projects do not even have the idea that "or maybe not put the team on the site..."
235  Economy / Economics / Re: Iran accepting cryptocurrencies to avoid US Dollar on: October 31, 2020, 07:08:53 AM
And again, we come to this vision that cryptocurrency is not something "bright and kind" but another way to avoid any sanctions/bans and other schemes to circumvent the rules. Again somebody using crypto for shady schemes
Probably few people agree with me, but this news affects the reputation of cryptocurrencies as well as the constant words that "btc is only needed for purchases on the black market" and as news about another fraudulent scheme with exchanges.
This is more sad news than happy, I'm sorry.
236  Economy / Economics / Re: Better Days ahead for the economy of developing countries in Africa on: October 31, 2020, 07:02:09 AM
I don't think this is some wild breakthrough and a significant milestone-but rather another political move to collect more positive feedback from all the "right" people.
The head of the WTO = / = is the only one who makes decisions in the organization and not even the one on whom decision-making depends. Any such posts are just a place for a talking head and nothing more.
What is her education? Harvard Magna cum laude and Ph. D. in regional Economics at MIT. What does it mean? That this is another product of American education and the American economy.
I understand if she was with diplomas exclusively from her country / continent and with them reached the positions where she was and is now but no. This is another American woman with a high-quality education who "made herself" and nothing more.
I do not detract from the merits of Ms. Ngozi, but the key to her positions is her education - and education is not only knowledge/skills, but also the way of thinking of the educational environment. She's American and not "niharika" or "African".

And as for the" market opportunities and prospects " of Africa-while you are talking about what opportunities there may be, the world has already lost to China in this regard.
The " white world "(Europe + USA) had the opportunity to develop Africa into a normal continent, but then it was called "apartheid" and said that all attempts were just oppression and mockery.

Africa will go to China - just look at how much money they pour into it.
237  Economy / Economics / Re: Challenges to Fintech Adoption on: October 31, 2020, 06:58:33 AM
I really like the current trend of reformatting banks in FINTECH companies - with their own developments, cool specialists and really almost daily improving the quality of services / etc.

But until these same banks start investing in the same "non-technical" staff and begin to take a more responsible approach to internal development processes (from quality control of releases and increased attention to testing new features to more customer-oriented prioritization of development), they will remain offices with ATMs and young girls at the checkout who know about FINTECH only from a glossy magazine with an article "how to marry a programmer". Fintech in naming is not enough to be a good company.

FINTECH is very cool, but it suffers very much from a low level of problem management and customer-oriented development.
238  Alternate cryptocurrencies / Altcoin Discussion / Re: I believe this is the way on: October 31, 2020, 06:56:41 AM
I think it will sound rude but - if you want to earn money, then go to work and develop yourself as a specialist. Why do you need cryptocurrency for this? You understand that people like you continue to kill not only the community turning it into a bunch of speculators and traders but also kill the tool itself?
What difference does it make to you - get dollars right away or spend them first to buy something else and then sell for a higher price? You might as well be reselling ordinary items.
You can answer normally - why do you need cryptocurrency? If you think that this is just a tool for making money then you do not need it because you will kill it.
You don't even want to see the potential inherent in this technology - you only care how many fiat you can raise on the purchase and sale. Again , you don't need cryptocurrency, go trade vegetables.
These people are talking out of experience, how many crypto projects are into real use case today? They are just there for nothing, even payment projects, no single person is using them for the real reasons they are built for, instead they lose value in the process, for a technology to survive you expect me to lose all my money? Mate it's always about the money, minus bitcoin and ethereum it's always about the money

Does this not mean that at this historical period, blockchain and cryptocurrencies are not as necessary as everyone wants to think? Listening to each user-you hear about the fact that "this is the future, here's another 1-2 years and BTC will become the reserve currency of the world" and other interesting things.
But what if what we see now and how these technologies are being used is really another attempt to squeeze money out of the vacuum? And that the present application will only be in the future.
Is it necessary to lower the reputation of the blockchain by an army of speculators? Do I need to constantly create new useless and meaningless crypto projects and exchanges to further encourage the printing of Fiat money?
After all, the main question here is whether technology will die just because a bunch of people want to squeeze water out of a stone?
239  Economy / Economics / Re: Is it possible to live without banks? on: October 29, 2020, 06:48:37 AM
Its not possible if you are living in the City, you always need a bank for financial management and assistance, especially if you are working and paid directly through your bank accounts. Its really important, that people will always seek some bank services from time to time. However, if you were just a simple person, living in some remote areas, or a villager, its quite possible to live without banks for this kind of people only does works in the fields to eat and earn just a few, enough for daily living or good for a week. They dont need a bank for their fund management, I guess.
In addition to that, the world is fast-transforming into more digitalized and some people are now using several digital platforms that will make their fund management be more easier, less hassle and secure. So, maybe, it can be possible this time.

How long has it been since you were in the countryside? If long ago, I hasten to disappoint you - everything is exactly the opposite as you described.
Not only that, even if I live far from the city, I work either in local production or remotely. In any case, I will be paid a salary on a Bank card - and this is where the greatness of country life begins.
With the universal prevalence of the Internet-even in "rural areas", you can pay for purchases by Bank transfer/transfer money to someone/transfer money between your accounts everywhere. Outside the city, you are much more critically dependent on banks because without this infrastructure, cash payments will be much more difficult for you because there are much fewer ATMs for cash withdrawal there than in the city.
You have a rather funny and truly childish idea of life in the country to be honest.
240  Alternate cryptocurrencies / Altcoin Discussion / Re: I believe this is the way on: October 29, 2020, 06:34:36 AM
I think it will sound rude but - if you want to earn money, then go to work and develop yourself as a specialist. Why do you need cryptocurrency for this? You understand that people like you continue to kill not only the community turning it into a bunch of speculators and traders but also kill the tool itself?
What difference does it make to you - get dollars right away or spend them first to buy something else and then sell for a higher price? You might as well be reselling ordinary items.
You can answer normally - why do you need cryptocurrency? If you think that this is just a tool for making money then you do not need it because you will kill it.
You don't even want to see the potential inherent in this technology - you only care how many fiat you can raise on the purchase and sale. Again , you don't need cryptocurrency, go trade vegetables.
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