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#PROOF OF REGISTRATION
Bitcointalk Username: DapanasFruit
Telegram Username: @KimBoatLang
Participated Campaigns: Twitter, Facebook
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Under good leaders or politicians who are thinking of the general welfare of the people and will never dare to abuse such a provision for personal or political gains, then there can be no problem as it can be utilized to lessen the crisis at hand. Now, under a corrupt people in power, there is some danger into it as it can be the basis to rationalize a certain action that is actually detrimental to the whole system. Let's wish that Spain will never have such a kind of a bad leader anytime.
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Bitcoin and all the other altcoins belong to the same cryptocurrency industry so in general when the market for Bitcoin is going down or when in winter the same thing is happening to all. There can be some exemptions to this general rule but those are just footnotes in the more than a decade history of cryptocurrency. The sorrow of Bitcoin is the sorrow of all the other coins and tokens. That is a big fact. So those altcoins who are wishing that BTC will go down should think twice as the same fate can happen to them.
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Frankly speaking, it is so hard to determine whether the project you are going to support and invest money with will not do an exit scam or maybe just die a natural death because it is just lousy or the team is not good enough to propel it to higher ground. So in other words, this can just be hit and miss kind of thing. This is the reason why I am not gonna risk my money with new projects. Now, if you really have good amount of money, then the best way to do is to find new projects that are already supported by well-known investment groups - for sure they did the adequate vetting before they risk their funds.
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I have seen some of my Facebook friends already playing My DeFi Pet and I realize that this may have some potential to be the next Axie Infinity which is already so popular right now and where players are making good money. I would certainly be looking at this...who knows this can be my ticket to gamified cryptocurrency heaven. Thanks for putting up the link for the tutorial.
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We are already used to many instances of bank runs and I guess no country is ever immune to this kind of economic malady especially if there can be big problems affecting the economy which may restrict the flow and availability of cash affecting banks. And of course, the usual remedy is for the central bank to come in, infuse the needed cash so that the bank can either be rehabilitated or in some cases go into the bankruptcy process. Now, with Tether, I think this is more of a problem of confidence because there are some doubts as to the way this digital asset is backed by real-world assets and in this case I think there would not be a collapse but a steady migration of users to other stablecoins which so far is not happening in a big way.
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I would not try this DSR project. Yes, this is already listed in Mercatox but that is the only exchange available and according to CMC the trading volume is $17,000. Now, am mesmerized because when I clicked the listed website of DSR in CMC which is www.desire-crypto.com, it lead me to https://yuan-paygroup.com/ which is telling us that this can be a China-based platform. Well, that explains it all as we know that China is now getting serious in getting rid of any possible competition to its digital yuan. |
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Well, we have to admit that 100 years is quite a long period of time and it is beyond the normal life expectancy in the first place. I don't think that even Warren Buffet is thinking of 100 years when he is investing into something. Now, having said that, I got your point which is to think long-term when it comes to getting involved in Bitcoin. However, not all investors are that way because there are those who are just here for some months and maybe some years at the most and many are speculators - and we could not blame and stop them with doing so as Bitcoin is open to anyone regardless of thinking or convictions. For the sake of discussion, in 100 years time I would say that Bitcoin will already be a very popular and widely used currency globally by then though we can never rule out that a better and more vigorous cryptocurrency can overtake Bitcoin within the same period.
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I would agree that Michael Saylor can be categorized as cringey as well as eccentric but then again I would prefer to listen to him than those other personalities who have the habit of criticizing Bitcoin especially if there is a big dip. I mean he is actually adding more colors to our understanding on Bitcoin and certainly he is brining his own background and belief in the whole process. In between him and Mr. Elon Musk, I would definitely prefer the company of Michael and we can sure that he will remain a solid and robust supporter of Bitcoin for a long, long time.
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Mathematics is logic. It is something whose laws even god cannot change. You know, 1+1=2. However, when it comes to human society, governance in particular, is it even possible to insulate everything from human influence? Yes, we have Bitcoin, a hard-coded system following the rules of arithmetic, but how independent is it from human intervention? Isn't it that forks and various upgrades were injected into it by certain persons to which not everyone agreed? At the end of the day, technologies following the laws of mathematics do not have much power over human society. After all, they are simply tools whose adoption or rejection are still dependent on human agreement.
I would add that when it comes to human society, the element of human nature do always come into play and we can observe this in our long and winding history here on this planet. Things are not as easy as 1,2,3 or as you said 1+1=2 because had it been that way then maybe we could have now a better and more peaceful existence. The idea that we can be moving from centralized human governance to decentralized math governance can have some bearing but of course it will always have some limitations. And we can only see the full potential of this so-called "math governance" once Bitcoin is accepted by many countries as a legal tender and the blockchain technology applied in many areas including how we are governed...and for now this is just a wishful thinking. |
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Many years ago when I got involved with some dubious programs (I have to admit that they were then really like more into ponzi type), the easier way to enter is the use of cryptocurrency and so when I promoted the programs in the social media those who are interested got the option to use Bitcoin and many of them started to get involved with Bitcoin and admittedly not in the good way and contributing to the perception of some that Bitcoin equals scam. I them moved on from those bad programs and got involved with investing in new projects which unfortunately many also were just frauds though some made it to be good platforms. I know that my story is not unique as there can be many who got introduced to Bitcoin or cryptocurrency because they got attracted to passive programs that eventually just evaporated.
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We are all hoping that this situation can mean that soon the price of Bitcoin can go up...and maybe can start a new bull run season when we can see BTC achieving a new ATH. of course, for now that can just be wishful thinking but who knows...if there is one thing that is really full of surprises it must be our beloved Bitcoin. There is a possibility that this diminishing supply in exchanges can mean that more and more buyers are taking their Bitcoin into their privately-controlled wallet and this accumulation stage can be over soon resulting into upsurge movement of Bitcoin. Will it happen that way? i can only guess but I am hoping that it will.
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Bitcoin is considered as a disruptor...now as to the extent it can be disrupting things we will be learning of that fully maybe in the next 10 years of its existence. By the 20th anniversary of Bitcoin, that would be the time we can closely examine the many things it is contributed to the society more specially on finance, banking and money. In other words, Bitcoin is like a Pandora box and once it is open there is no stopping the many repercussions it can be brining be it good or bad.
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Well, it would be good if those very small countries that you listed here will be adopting Bitcoin as a legal tender in their respective territories. But as OP admitted there is actually no correlation that having almost no Covid-19 cases will have something to do with the adoption...so this is just another speculation. I am not so familiar with these small nations and where they are located but if they are gonna be adopting Bitcoin and opening up their minuscule economy to cryptocurrency, they will certainly be on the news.
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