First, the creation of digital versions of currencies by banks does not mean that it will be the same as ETH, BTC, and so on. This means that the available fin tools will be improved for greater transparency, speed of exchange, and so on.

Secondly, in the case of the Central Bank, such currencies will be backed by Fiat and that's it. You do not ask "what is backing money on my card??". And what kind of security for the backing dollar can we talk about when only this year several trillion dollars were just printed. Do you think they are provided with something physical? I have some bad news for you.

As a result , we have the following options for the future
1) such digital currencies will be used as a tool for interbank relations/corporate settlements/other business and will not go into "open" circulation
2) digital currencies  will gradually replace the "classic" processing such as American Express, Western Union, Visa and will exist as a faster and cheaper analogue of these companies and their systems, but will still be analog for Fiat currencies

First of all, people (not surprisingly) choose the convenience and speed of work. What makes people choose a rather slow (you can't deny it) BTC when they have a Visa/MasterCard with almost instant transfers/payments? You need at least some idea and understanding of what this or that tool is for in order to use it.
And such things do not interest ordinary people because they only need one thing - to make it work simply and quickly without having to go through unnecessary intermediate stages.

There is a rather subtle point here.  Even those who enjoy all the current advantages of the digital sphere are often not interested in cryptocurrencies, blockchain and all that and may now only basics  from the news digests from CNBC or somewhere else.
Going to Amazon's contactless stores and ordering tons of things with Ebay is NOT the SAME as being interested in digital crypto money

BTC is not ready for this not because it is complex/strange/cryptocurrencies are not needed by anyone - this is not the case.
BTC is not ready for this role just because it is too slow. It covers him all the way for a similar role - in contrast to ETH.
I do not dispute that BTC is good as a means of income (although it destroys it) or for storing money for the future (eternal growth).
But for the "world currency", quite different indicators are important - such as the convenience and speed of transactions, the ability to scale and ease of integration into life.
As for me, ETH is much more suitable for such a role in such parameters. However, I never detract from pros of BTC in general.

The effect is the same as on the regular market.
As long as cryptocurrencies are tightly tied to Fiat currencies, there will be no difference between the crypto market and the classic one - General trends will finish off our coins.
Yes, in a different form (sometimes with delay) , but still-the impact of world events will always and always intersect with the classic market.
Why? Because the entry point to cryptocurrencies is always the same dollar (or other fiat). And if you have a crisis in the area where dollars are spinning then why won't it touch the area where the dollar is the entry and exit point?

If you look back now, you realize that pandemic force digital service adoption.
But I will not argue that all this covid-history has pushed the development of the market - if it were not for it, such changes would have been much slower and would have dragged on for another 3-5 years.
The main question is how strong the pullback will be after the end of the pandemic and whether we will see an even more rapid development of all digital directions due to the push that was given now.

And who should control the printing of money? A private company? Some separate and independent but still state institution? Or who?
I personally am not sure that you can trust anyone to issue money except for the state/Central Bank/other existing issuing institutions.
At the moment, Fiat money is too fragile and at the same time a very strong tool to give it to private hands.
Again, the transfer of the issue to private hands will entail the creation of additional regulatory authorities on the part of the state, which in the end will result in the same control of the issue by the state as if nothing had changed.
Then the question is-why?


Simply because cryptocurrencies themselves are not independent and not decentralized in the full sense of the word.
Almost any currency is centralized in some way. Or by devs, or by mining power, etc

And when you will understand that in fact you do not need this "reinvented wheel" because why would you buy an apple for a crypto currency if it is the same process as if you bought it for dollars. The only difference is in processing and no more. Am I not right?

Why are you so against KYC? Maybe I will be wrong but - I believe that this is quite a useful and correct practice that not only allows you to remove "unreliable" people from the exchanges, but also increases the level of trust from those in power to our industry. When you come to the Bank, you do not require to issue a card without providing documents, do you?
As for me , if we want cryptocurrencies to spread more widely, we should be more loyal to KYC.

If this is not reasoning about the price and replacing the concepts of "price" with "desired price" then I don't even know.

And you still continue to ignore supply / demand.
Even your example about Korea is subject to this rule - they have one demand, the rest of the world has another. Why doesn't the rest of the world trade at Korean prices? You understand that comparing the local market and the General one is another mistake?

If somebody will follow all your posts from both accounts when he will see that you are more likely to be depressed.
First you complain that "freelancing and Indians killed the opportunity to earn money in web development", then push some incomprehensible rules of life, now you just cry about the fact that everything is very bad in the world.
Maybe the truth instead of shitposting is to understand yourself?

And this is not counting the fact that under each of your posts you can see general dynamics of disagreement with your position. And let's not forget your stalking mania that caused your spy100 account to be banned.

The only thing that should concern you when answering this question is whether you have enough money to live on to invest in cryptocurrencies for a long time (because we all know that Btc is always cheaper today than it will be in a month/quarter/year) and how critical it will be for you to lose these funds.

While the economy is unstable, you should take investment tests as a small hobby and not bring your plans to large amounts. Start with the fact that it will not be terrible to lose and the frustration of losing will be the same as from losing a completely empty wallet.

I think this is quite a good strategy both for beginners and for those who are now experiencing not the best times.

Hello again, spy 100!
I recognized you by your another useless and completely detached from reality posts.
Don't you think that accusing people on the Internet of the same sins that you are famous for is too much?
From thread to thread, you try to look the most right person like you the only one who knows the real truth about current events and in general is the best at everything.
But in fact, it turns out that you are not only not the smartest poster of this site - you also do not want to accept defeat. Do they really pay so much in design/layout/web development now that you have so much free time to write all sorts of strange texts on a God-forsaken forum on the Internet?

Go better update your portfolio - at least then someone can contact you with an order, because so far it looks outdated for at least 5 years.

Have a nice day!

I don't know about the others, but DEX is enough for me - and I really like it. Why?
On regular exchanges you don't have the keys, so you don't really own any money there.
On DEX, I trade directly from my personal wallet, so whatever happens to any DEX, my money will definitely be safe.

So you just changed the concept of "cost" to "desired price" and think that everything is fine?
If you are so sure that you are right, then I suggest you buy my 1BTC for $25k because this is my desired price.
And I'm 100% sure you won't because
1) you are not interested in buying BTC for this amount when everyone else around is selling and buying it for ~$13k
2) you are not interested in buying any product at the seller's desired price when there are offers that are better for YOU

And what do we come to? That your "desired price" is only a fiction and nothing more to which you here appeal absolutely not wanting to remember the classical law of supply and demand.

But if you are completely sure that you are right-then you are welcome, my 1BTC for $25k is always at your service, sir!

What proof do you have that he won't do it? This is an abstract mind experiment.
You can just assume that Satoshi is absolutely disappointed in his brainchild because instead of a better future, people use it only for profit (read-exchange for dollars/euros/etc). And he will decide to end this speculative circus once and for all by simply dropping the market with his wallet.

I am not saying that this situation can happen but there is no reverse certainty that it will not happen.
What will happen then? Everyone will immediately accuse Satoshi of being a fraud and deceiver. Cryptocurrency will again be called a bubble and confidence in crypto will fall below the rating of German migration policy.

Hi all!

It was really nice to receive an invitation to participate in this project.

1. When and why did you become interested in cryptocurrencies?

It was quite a funny story - I was still studying at the faculty of Economics at that time and I had to write a term paper. And instead of choosing some boring topics like the development of debit cards or something else, I decide to write about bitcoin (I didn’t knew a lot about it). I read a couple of articles about it, about cryptocurrencies, and just got the idea to write a script for BTC. As a result, I wrote it and even interested my teacher in this topic so much that we even discussed after the emerging trend in cryptocurrencies and the BTC phenomenon for some time after.

2. When and why did you buy your first bitcoin?
I bought it at the same time when I was writing this work - to understand how it works. And that's when it all started, I think.

3. How did you get on the forum?
I think here I am not much different from others - I found a forum as a place dedicated to cryptocurrencies and first started reading posts in read-only mode, and then I started an account and started participating in discussions as well.
It was something special and like a secret, perhaps. Like a Masson Lodge or magic internet money.

4.1. What prevents mass adoption of cryptocurrencies?
As for me, it is difficult to understand why we need cryptocurrencies in principle if we already have dollars/euros and a bunch of other smaller currencies. People now (including regular users) look at cryptocurrencies as a means of making a profit, and I do not understand them in this. They all shout that "we need to legalize cryptocurrencies and enter the common market" but they can't explain why they need it - after all, they have the same attitude to coins as to Amazon or Apple shares.
Until we understand why we need cryptocurrency within the community, we will not be able to prove to anyone why it is used by everyone else.

4.2. How do you think mass advertising of gambling projects has a positive effect on the development of the forum or harms the community?
I believe that there is no good or bad influence. This is the same advertising as another crypto project or defi-garbage, that's all. We are all adults and we all know what a casino is - a place where only one side always wins.

4.3. How do you consider whether 2-3 years of experience in cryptocurrency is enough to successfully invest or does an investor need to receive special education?
The crypto market, although it has its own specifics, but for the most part it does not differ much from the classic exchange with stocks, bonds and other pieces of paper. I don't think special education is mandatory but it will definitely not be superfluous if you have a desire to get it. This is only a plus and there are definitely no minuses.

5. What do you think of the current Merit system and signature campaigns? Do they harm the forum?

At the expense of Merit system - I don't see anything wrong. The same likes from social networks are only more valuable for the person receiving merit. We all love approval, don't we?
At the expense of subscription companies - most often all these signatures overlap with "advertising blindness" and I'm not sure that such things work as much as originally intended. But - as for me - this makes the forum a little brighter in terms of the number of colors and, I do not argue, sometimes there are really interesting projects.

6. The most useful forum topic? Most helpful users?
I haven't thought about such things, so I can't say - because each topic is useful in its own way for different people. But I can say what the most fun - Politics & Society. I go there myself sometimes, as if on a tour. To a crazy house.
At the expense of the most useful - those people who create topics obviously. After all, they "provoke" others to Express their opinions and create space for interesting disputes.

7. 3 things you would implement on the forum?
I don't have any separate things to implement, but in General it's time to update the forum design to a more modern one. This will attract new users and make the forum more convenient for others (if you approach this issue correctly).

8. Do you trade on exchanges or invest in projects?
I just buy what I like and keep it until better times. I'm a little lazy to engage in constant trading. And even if one day all crypto will go to zero I will be able to survive it because I invest the amounts that I do not mind losing.

9. Tell a story about your big profit or big loss?
The biggest loss is that I didn't buy more btc for $ 1000 (laughs).
I didn't have any super-steep profits, which is why I described it above. I think that I have risen quite well over the years, but I don't see it as something unthinkable and unimaginable.

10. What do you think about the DEFI ecosystem?
All that I have seen at the moment is very bad and this is the same (I would even say - legendary) crypto bubble. Another ICO-style hype. Not only is this another invention of the Bicycle, but it is also very dangerous for beginners. Too many scams there.

11. Is your anonymity a vital necessity or precaution?
This is a privilege, if I may say so, that the Internet gives me.

12. The last cryptocurrency book you read?
I haven't read books about cryptocurrencies - why, if all Twitter is "crypto-Bible"?

13. The last cryptocurrency book you read?
BTC, ETH, EOS - hardly anyone will see something new here.

14. How much will Bitcoin cost at the end of 2020?
More than today - that's for sure!

Congratulations on disconnecting from the matrix!

this is really a very funny story - when people zealously advocate for cryptocurrencies, but they do it solely because any token (one way or another) can be exchanged for ordinary and such native dollars.
And here we get that even the best BTC in the world is not completely decentralized because the point of its concrete centralization because people measure it in dollars.
And why people will need cryptocurrencies if they do not have an adequate exchange equivalent and will not be able to correctly calculate the rate to conventionally accepted currencies no one even thinks and does not want to think.

People themselves have turned cryptocurrency into total speculations

So stop!
You say that
>Do you believe btc's value is $12k because some exchange tells you?
BTC's real value for you is the price that'd make you cash em all out.
Nothing else. From which price would you cash out? $100k? That means your price is $100k for a coin.
but this is absolutely not the case.

The "cost" of something is a measure that ANOTHER person is willing to pay for your product. In our situation, any cryptocurrency is still a commodity that we buy for dollars and then sell for the same dollars.
If you say "my 1 BTC is worth 100k dollars" it doesn't change the fact that everyone else is buying and selling BTC at 12K. And no one will agree to buy your 1BTC for this amount.
The price is set not by you but by the very demand that exists for this product. And there are many factors that also affect its price.
You can't just go to someone and say
- Hey hi I have a coin N and it costs 100k dollars. Buy it and you won't regret it!
And you will not be able to put forward any justification for this price other than your "I want so many dollars for my product"-and therefore for the same 100k no one will ever buy this product personally from you.

I may sound rude - but stick your "bull market trend" deep in your ass and scroll through it carefully.
You haven't understood anything in all these years? You are so strongly attached to the dollar that you do not need a cryptocurrency at all - why do you need ETH, BTC and others if you still look to the future through a gap in the dollar?

I believe that such a step by PayPal is a great precedent, not because "wow, now you can buy cryptocurrency with dollars and pay with cryptocurrency via PayPal!!!!". No, that's not why.
This is because this is the first serious step away from the "dollar - token - commodity" model towards the "token - commodity"model.
Year after year, I constantly hear from people about the prices of cryptocurrencies in dollars and I can't understand why they need these cryptocurrencies if they can also trade stocks and get the same dollars.

I sincerely think these people are stupid - because it is because of them that we got what we have now, this shameful and low peg to standard currencies.

I am sure that very few people will support me, but I will still say - stop looking at the dollar. Better look at the possibility in the distant future to allocate cryptocurrencies in a separate payment mechanism that will not be tied to anything at all. As a currency in itself and not as a means of profit. This is the meaning that was originally and which was completely distorted.

It's really hard to lose your job at a time like this. I hope that at least some compensation was paid to you.

And about the "battle of centralized and decentralized assets" - I don't think that's the case.
This is not a battle to the death or even a competition, and it will not be competition until cryptocurrencies reach the level of "classic" investment tools and Fiat. This is more of an Achilles and Turtle race where Fiat is not Achilles at all.