I always believed that relegating senior and experienced workers to advisory positions with less hours and decent pay is a good way to go. Giving them a choice to accept this role or quit working won't hurt any company that they're working on. Experience and knowledge is always respected and valued no matter the field is, and you can't pass it on to the young ones without a senior teaching them a thing or two about their industry.
The retirement age they have imposed is okay, though there should always be an option for these seniors to continue what they're doing albeit in a less physically-intensive work load and of course, reduced amount of pay, but I guess that's just me wanting these kinds of things to other people. I want to retire early, but I understand the void that it will leave me once I no longer do what I'm doing for years all of a sudden.
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Making a list is one thing, but abiding by it religiously is another. I know a lot of people who have their budgets planned ahead but still succumb to temptation quite easily. There are lots of those people around who earn good money but can't really work with a budget. A lot upgrades their lifestyles after receiving a higher pay, and that must be avoided as much as possible. It's what ruins them financially, and I guess everything else is ruined when you have this kind of mindset too.
Great list, although self-control is what really makes people successful in being financially independent.
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Every investment is risky, it just depends on how you manage your risks. Business and investing can be really tricky, but you really need to put in the time and the effort for you to harvest its fruits. It takes time, it takes a lot of burned money, and it's a part of the journey. What's important is that you don't get discouraged. I've had my fair share of disappointments and losses in investing and in fact, I may have lost a lot but eventually reached a point of breakeven because I refused to take a loss.
Just gain the knowledge you need to gain before putting in money on some things you don't fully understand yet. Try observing the market first and gauge whether you can invest on it or not.
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There are tons of people that are still lazy and would probably rely all the explanation and knowledge from other people rather than do it themselves. We've grown into the age where knowledge is readily available but people will still avoid self-research/study. Influencers will still be there, mainly for the shilling of coins and pumps and dumps. They would be less useful on disseminating actual useful information, but they would be helpful in spreading info on pumps and dumps for sure.
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It is fine, but it should be one of the goals that you must still have even if it looks and feels like it'll be hard to get that 1 bitcoin. That used to be one of my goals until I attained it. Not having 1 whole bitcoin doesn't make you any less of a bitcoiner. You have the knowledge and the experience in this facet of the economy, and I think that is also something that you can be proud of that not anyone can really have.
You will eventually get that 1 bitcoin when you have more money, but you can't really go back in time to know bitcoin that early on anymore.
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Only one word I can think of is 'tax'. It benefits the government, and in a very huge way. While it may be counter-intuitive to be critical of bitcoin and other crypto if you can always collect tax from it, it actually lays the foundation for a lot of things to be established later along the way. It builds confidence on potential investors that can put their money into bitcoin and crypto-related things, which means more money for the government. It will take time, and a lot of back and forth between the regulators and pro-bitcoin, but things will eventually pan out.
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Current number of posts (including this one): 13546 Rank: Legendary (applying for Hero spot) Merit earned in the last 120 days: 13
Thanks!
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I'd most probably create two wallets for the business: one hot wallet for day in, day out transactions and; one cold wallet for long-term storage. Expect that you may not be getting a lot of payments in bitcoin because a lot would probably just flirt with the idea but will not commit given how well bitcoin is performing very recently. At least, it will give some awareness about bitcoin if they see a sign hanging outside your gas station saying "bitcoin accepted here." But yeah, you might have problems with confirmation times and all those, but if you are just trying it out, a simple wallet like Electrum would suffice. Be wary of double-spends though, enforce confirmations on transactions before letting your patrons go.
Congrats on the business!
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They were 13 years too late, I guess. At this point, bitcoin has become big - so big that it no longer concerns Satoshi anymore, nor his current involvement to this project still that relevant that could potentially stop everything. He's made the right decision to leave everything behind to the community a decade ago, and it grew bigger and bigger until there are a lot of different players doing things independent of one another.
Even if they get Satoshi right now, it will not affect bitcoin negatively in a huge way that makes the whole thing crumble. There will be a lot of negative price movements, but not to the point that it breaks things.
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It's not that we "should", but we can always give them a try if we have confirmed that they aren't really scammers that will just be gone once they have received our money. That's the thing with small platforms, it's a hit or miss, and if it's a hit, they usually don't have that much patrons to keep their business afloat. Even if these platforms offer unique experiences and other quirks that aren't present in huge platforms, at the end of the day those huge platforms will still get the larger share of the pie because they give a lot more value to people's money through promotions and a lot of bonuses.
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Losing money to things that can be controlled would really piss me off, especially if I know that I could have avoided it if I just watched for signs and paid attention. Also, believing other people in a too good to be true investment should already ring a lot of alarm bells. Even if you trust this person, you must dig deeper and ask for a lot of questions before releasing some money - it is the only way you can ensure that you're not being cheated off of your money. I think in this day and age it isn't hard to know what a scam is and what isn't. You just need to not get your emotions in the way and let FOMO kick in before your common sense acts.
Hopefully moving forward, you would be less trusting of other people with your money. It is your money, and you have the right to demand every single bit of information you need before investing it or putting it to some other people's hands for them to use.
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There are a lot of reasons why the US can retain its status as the biggest economy in the world. They may lack the capability and capacity to mass produce goods like what China is doing, but their foothold on a lot of major economies and investments in a lot of countries proves that they can just outsource the labor and the material and they will still gain a lot. Great example is Apple outsourcing the manufacturing and materials to China, and still getting valued at over $2 trillion dollars. Also, a lot of countries are still putting a premium on US products, and there's that. They project their image as a country that produces great products, when in fact they rarely make them in their homeland. This projection is getting bought by other countries which, in turn, gets their goods prioritized over any other products from other countries.
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I'd choose the US to break the rules and regulations on crypto bans over China. The latter can literally make you disappear if they don't like you, and your family won't be able to do shit about it. Whereas in the US, you can evade the law for a long time and you can even get out of the country when things go out of hand. Compared to China, who often employs drastic measures to eliminate those deemed enemies of the state, the US is still relatively lenient.
Even still, people will still find a way to play around these bans and restrictions, as they always have throughout history. Though if I'm going to break a law, I'd take my chances on a country that doesn't have the reputation of having criminals "disappeared" like smoke.
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People buy gold or bitcoin because they believe that either of them will have any possible price appreciation in the future. The reasoning as to why they do it is completely up to them and are independent of one another, but what you have stated here also rings true to some extent and is arguable. There will always be a lot of discussions on which of the two is the better choice. End goal is always to get more fiat value per amount of bitcoin or gold that they have because, let's face it, fiat still controls the financial system until now.
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In a way, the banks are manipulating you because they are trying to make you deposit your money in order for them to use and make some money themselves. They are good at it, and if not they wouldn't be able to afford those loans in the first place. Idk what you're talking about the matrix, as it's been loosely used nowadays for a lot of scenarios by tinfoil hat-wearing people, but if it's about the system that is installed in the world governments plus the powers-that-be that controls it then yes, the banks are under those. They wouldn't be as big as they are if there aren't any protectors on their schemes.
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It feels as if we're giving you financial advice by saying what we feel. Honestly, no time is the best time is what most people will tell you, and that's the truth. You just have to make that conscious decision of buying into bitcoin and accepting that it may take a while to make a profit or even breakeven, but it will always happen. We have historical price charts that you can refer to on the past movement of bitcoin prices, and you'll see that it always has this ability to push past higher highs and reaching a new ATH. Again, it may take some time, but it will eventually get you there.
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Coins that came from an address would already be mixed in a way, so IMO if you're an end user that is only doing bitcoin for stashing, it is passable. But if you're one of those in the extremes that wanted to really make sure that the coins are untraceable to you, you will use a mixing service to sever any links and traces to you. Exchanges can still say that those coins they got out of their hot wallet belongs to you, although proving it through chain links and analysis would be hars if a mixing service is used to obscure everything that leads to you.
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This would likely drive a lot of people into crypto trading and possibly losing money but hey, at least a lot of them now knows crypto and not just ranting about almost everything ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) But seriously, Elon needs to take into consideration the possibility of getting a lot of people hooked and addicted to trading and losing a lot of money. There should be certain specific requirements that an account should have before getting this feature enabled on their accounts. But overall this is a nice partnership, and hopefully it becomes a fruitful one for the benefit of the crypto community too.
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I have known some people who never had a great idea to begin with but still ended up being successful because they put in the effort and the hard work. You don't have to have a solid idea, if you think it will work, just do it. There might be some other people around there that already thought of the same and are just waiting for the capital to start. If it's something that fills a very specific niche, you can charge a premium for your services or items. The most important part is knowing that your business may crumble at a moment's notice, but you have the tools to prevent it from doing so.
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They're getting rough on crypto, that's for sure, specially India. Aren't they glad that their citizens are somehow becoming economically literate? It helps them make informed decisions with their money, although it takes away some depositors from the banks. Even still, the negatives don't outweigh the positives, but they will act as if crypto isn't helping becauze it takes away from their machineries - the banks and the stock market.
Would have been nice if a lot of concrete, economic ideas and concepts are being tackled in G20 and not something that isolates and opresses bitcoin and crypto in general, but meh.
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