An Israeli Firm Claims that they have recently developed an undo button for all Bitcoins transactions. Apparently their main goal was to tackle problems related to human errors , but then again what am scared about is , how people will use it , it can very easily be used for scamming people .


https://cointelegraph.com/news/israeli-blockchain-startup-offers-undo-button-for-bitcoin-transactions

Apparently 18% people reported loss of Funds due to human errors , thus this might serve great for them . Retrievable Transfer , as they are calling it would give the sender the power to retrieve the amount until the right code is provided by the receiver. My take on this : they are somehow using a password which needs to be provided by the receiving party and this might be super helpful in places which involves transactions of very high Amounts .

The person Aims at making these transactions as safe and secure as online banking source claims , but they are already more secure , they are just gonna add one more feature now .

It's going to be free till a transaction of 1000$  , so before you strike a deal , be careful :3 Ask about everything someone might use it in not so good way .

Amazing innovation by the way , lets see if it works ..

https://decrypt.co/33703/bitcoin-orgs-secret-owner-kicks-out-the-sites-maintainer


Apparently the guy was contacted by Mozilla and they did struck a deal of 75,000$ worth of investment in their stake in his company , but Apparently they were already warned beforehand by cobra that , this does not mean that they will somehow own the website.



Apparently Mr. Binns words are:



Not only that now Binns wants to set up a fund legally so that the sites ownership will be with a trusted third party because he believes that Cobra wants to give the ownership of the site to someone else without legal process and such .



I do think the guy is not taking into account how since years the site has been managed by Cobra , we never did have any problems regarding the same , it might be a simple case of de-faming the man but I do believe as long as the site is owned by someone good who does know the essence of cryptocurrencies as a whole , we are good to go .

This site is in no way owned by anyone , it's owned by every single person out there which helped create it , centralization is never the option when we are talking about Bitcoin.org specially , we have already seen other sites being taken down .

Is someone behind all this ?

But then again what Binn is asking is not wrong He might be saying statements way over the top and accepting payment for the stakes might have alerted Cobra , because we all know how companies like these works , if Mozilla tries to own this , they will make sure at least there part is centralized.

It's not about money !

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What is your take on this ?

 

I don't think we have much of a choice here , we cannot just go forth and start the economy as it is , we need time and investment , letting the dollar circulate?
I do hope you realize that the more money is in circulation the less is its value as a whole , therefore I do think that we need to adapt to a different route .We have to ask the government to :
•Create Jobs
•Give people time to pay their mortgages and other stuff in the banks
•Local markets should be re-opned and carefully monitored
•One town/city should be able to meet the requirements of the people by themselves , without importing stuff from other areas , this way people will get high quality products at affordable prices , it will also benefit the local market .
•They need to first strengthen the laws regarding racial injustice because am not sure if people would like to work for them until and unless they listen to what the civilians have to say.
•Banks needs to decrease their interest rate of loans because people are struck in this time and this is the least that can be done.
•It should not be suddenly done , since this would not only increase the cases but also put the employees life at risk , one need to make sure they do this in steps , making sure they are giving employees all the sanitary requirements.
• NOT INTERNATIONAL right now the government can handle local tourism at various sites which does generate some revenue or provide mental peace for the people.
• I do think they need to make sanitizers and masks affordable for everyone too. They are highly overpriced . .

My opinion on this :

• It is not just blockchain which is going to suffer tremendously because of these computers of used incorrectly , it's also the government websites , banks , big institutions , therefore what I know is that the government will for sure look forward to regulate it somehow .

• It is expensive to own one therefore it won't be that much of a problem right now but the problem will be in the future when the computers might become affordable , this is what happens when we talk about technologies and all , over the time they are reinvented in a way which actually makes them more common and affordable therefore we do have time to make some adjustments in the Blockchain technology right now . The developers should take into account.

•Now above all what matters is your personal protection , you have to make sure that , you take care of what kind is apps you are installing , where you are storing your Bitcoins.. lot of things , one needs to be as safe as they can even a little bit of carelessness from the user side might be a night of party for a hacker 😂 , don't worry people I do think we are going to see some restrictions regarding the new quantum computers , no way government is gonna let this slide .

Yes ofcourse Thanks for always helping me out.

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Most of you guys who posted here have been awarded Merits , some things to consider:

1. Make constructive posts , state facts , not just words
2. Even though your account is not 30 days old , I still awarded Merits for the ones who just had 1-2 days left .
3. Whosoever isn't given merits is personally messaged to improve the quality and post again , don't worry I plan on keeping this open for future therefore you can submit anytime.
4. Don't try and cheat , stay safe everyone

Yes , totally agreed , but at the same time I would like to address an issue that Arrises because of this fact , apparently the Whales tries and generates false alarms by sending Bitcoins from one wallet to another , which in-turn causes panic for the newbies and to other people.

This is something that is more or so used by the bulls to scare the investors , make them panic sell/buy then encash when the time is right for them , therefore I won't ask you to ever follow these things .

You can actually check the market price every now and then and then make a suitable investment, because at the end of the day , literally no one can predict what is going to happen in the market .

I do think in the upcoming years we will have *competition* as a major factor for determination of the market price , we do need certain updates for the same , I do hope we solve the issues with the lightning network .

People often read stories about how people became billionaires overnight band all and then come and Invest in Bitcoins , cannot wait for long and then at the end of the day complain here , remember some of  those people waited from 2009 all the way till 2017 .

_Patience is the Key_

Yes ofcourse , if you do the payment in cash and receive Bitcoins through any seller instantly , you can very easily do that , but at the same time you have to understand that you need to be very careful with it since, it takes some time for the Bitcoins to be transferred from the sender to the receiver and therefore it would mean you will have to wait for a while .

There are actually options like this on various sites , eg. Local Bitcoins !

You can even make a local community , like the people you know who do trade Bitcoins and other cryptocurrencies , friends , family members etc , make a group with them and you guys can literally buy/sell sometimes without needing any middle man , you will save up money of the fee and also might help others to know more about Bitcoins.

You can even sell services and ask for the payment in Bitcoins , this way you are indirectly getting paid in cryptocurrencies.

When all of this fails you can try softwares which blends your addresses , this way you cannot actually track the Bitcoins to any particular wallet . So considering you wanna play safe , you can even do that .

A lot of Americans think that chocolate milk comes from Brown cows
If you find one who does not know what is Bitcoins and other cryptocurrencies then I do think thats completely a safe bet , you can tell the person about it and explain how it works , if they own any small businesses they can might as well think about adding Bitcoins and etherum in their payment options.
It's not just America , not most people watch news nor are they active regarding what's going on in the world , therefore I do think you can try and make that a habit. Try asking people if you can pay in Bitcoins ?
This way they will at least search after you are gone that what the hell was that 😂. Maybe 30-40% not everyone. But still you will be indirectly able to help the community grow as a whole.

When we are talking about 100$ per day I do think it should be understood that it's really hard to earn that much by just being a merchant , see there is a fee that you will be able to earn with every transaction , but this fee is not that much, at the same time the market is very competitive and therefore you would have to first see what other merchants are offering and then make a choice.
I don't think there you will be able to get much profit. You need to try other alternatives, I would suggest:
Working with a exchange firm and listing your adds there , at the same time you can even try and talk with other ICO's get their coins listed there . Then again 100$ per day is a hard job to do, until and unless you do make a big exchange site of your own which will need initial investment .
I would suggest you to make an offline exchange program , you can even add the feature of buying and selling using phone calls and stuff (considering you do receive the payment on time ) .
You can always hold and trade , long term holding is never a bad option.

When we are talking about the curve flattening , we need to understand that it's not the case everywhere , most of the places are seeing a spike in the cases followed by economic loss in both local and international matters .

We need to take every country as a whole in account, most probably we will see another wave of COVID in US , Where the President is cracking up jokes about people protesting against racism he is just creating problems for himself for the long run , people will continue to come forth to tackle this man , now unfortunately in the US masks and everything are not that much of a necessity for everyday routine and therefore people do skip it .

I do think we will be seeing much more problems in the future because of the way America is being governed, they could just pass a law against racism ! Is that so hard ? This way , it would help both the government by decreasing the cases and people too who are risking their lives everyday .

At the same time we can see the situation in India too , where they are registering the highest number of cases per day , considering it's the second most populated country in the world I do think it will be Preety hard to control it .

The cases are only lessening in Europe , not whole Europe.

We are living in a funny world , first Trump made a wall for Mexicans and the wall is working in the favour of Mexicans only since they are the ones who have to close the borders for Americans due to COVID-19.

The cases are not lessening , what we can positively say is that * we now now much about the virus and most probably will see vaccines and medicines on the way soon .

I do think you realize that not everyone is here to earn profits when the price goes good , there are long term holders and people who are earning through Bitcoins , I don't think as long as the price is good and sufficient they don't make a big deal out of it.

Then again one knows that * No one can tell what's the next move of the market is going to be, until and unless you are a whale *

It is not always about the price , it's more or less about the freedom we get from the Fiat , it's a great alternative to conservative form of money , I do think we should look at the bigger picture here . At the same time we do have a warning regarding the incoming volatility and therefore if you are that scared about loosing much here , you should encash ~

Don't blame the market , don't blame Bitcoins or anyone , you were the one who made the choice of buying and holding.

See , as long as it can be used by the politicians to exploit the people and policies , everything is a tool for the politicians. Never trust them for good.

See problem is , at this time they have to print money or generate jobs and take care of salaries of people. Unfortunately printing money is the easy way out , plus I have not seen much politicians with an educated background where they did serve the country and it's people for good. Most of the times they are just faces of the party they are working with.

Plus printing money is not as easy as we might think , The Fed decides how much money is supposed to be printed , there are 7 members in the Federal Reserve and therefore this whole notion has to be put forth and is considered equally from all directions , they are well aware of the outcome it might bring .

More or so : It's needed at this time because we cannot expect them to run governance during a pandemic + various protests all around the globe . As long as they are able to help their people through this time it should be enough.

Hard Truth: The pandemic is not going anywhere.

See , we have seen companies selling drugs in the name of coronil and all but at the end of the day *What drug would work on a virus* ? , We cannot use the same ones for more than a specified amount of time.

Our best bet would be Vaccination.Which some companies say that they will be releasing by the end of September or so . Even after the vaccine , comes the production and usage of the same. It would take a lot of time for the government to make sure it reaches to everyone.

Lets talk about polio


Now it's eradicated but it still took a lot of years for the same , therefore corona virus is going to be here. We have to make sure that we adapt in regards to the same so that we are able to follow the day to day routine without any problems.

What we can do is : Adapt
Pandemic is going to last at least 2 years more ~
Economic situation is going to plummet soon enough since we are seeing premature opening of the public places . Most countries need to get ready for the second or third wave.

People can be categorized into two categories in economics , from a practical point of view.
• You either provide jobs
• You either do the jobs

The people who does provide the jobs , does have a store capital income that they are looking forward to multiply with passing time. Whereas the working class restlessly works day and night to reach even 1% of that capital class.

I did study about the theory of Marxism in civics but did not know that soon enough in 2020 we will be able to see a real life example of how big the river is between the two communities.

*When people were fighting over toilet papers there were some celebrities using it to prank their household members , this did not only receive a harsh backlash from the society but it also did prove that , as long as you have money, you can live peacefully even when the whole world is burning*

The system needs to be changed, but how ?
• How about , people who are extremely poor are not required to pay the electricity and gas bills for the time being since during pandemic , literally no one has a job , whereas the subsidised bills can be equally divided into the wealthiest class and they be required to pay the same conditioned that it does not take a toll on their monthly income in any way.
[ We are talking about the super poor families here ]
This I literally said is based on the experiment that went on in Delhi few years back , apparently a common man did the maths and literally cut the electricity bills of the people like crazy , some people don't even have to pay bills ! ! It was all based on very accurate calculations plus zero Corruption , thus we can do that ! https://www.indiatoday.in/india/story/delhi-govt-free-electricity-scheme-example-smart-governance-arvind-kejriwal-1608003-2019-10-10

Let us consider a developing country like India:
Reason I say this:
Basic necessities should not be paid by the people below the poverty line!!
• Government needs to standardize minimum income rule in all the regions , be it a small village or be it a big city , people work hard irrespective of the place they work in but there is a huge difference in the salaries.
Eg. A person I know works 9-5 job for sake of 40$ , it's a teaching job but considering the school is not in a good location they don't expect them to ask more than that .
- - government needs to make new set of rules where the person be paid at least 100-150$ .

•During a job interview priority must be given to person who is most eligible ofcourse but at the same time the next criterion needs to be the economic situation of the family.

There are a lot of things that can be done right now , we need to make sure that there is no bitter problems between the two classes since sooner or later the conflict might just be the last straw in the pandemic.

Do you think it is Worthy enough to be given a good thought?

- -

When we are talking about a ideal society in terms of capitalism what do you think might work ?
Is the government capable of providing more priority and rights for the working class , or will they just let it slide like that ?

- -

There are labour protection laws no doubt , but I do think their education should be mandatory in the schools . Personally I did not study much about it till college . Kids should be given indepth knowledge of what they should expect irrespective of the class they are going to be in .

Is the Global adaptation of Bitcoins post COVID-19 possible : Yes

Are the governments gonna let it go like this: No

The governments all around the world are feeling threatened by the power of Bitcoins and other cryptocurrencies . The politicians and the government are making not so good comments about the same . Even though they are not able to provide jobs for the community and cryptocurrencies are doing much better in this regards.

People are now understanding a fact *The financial and political system is too fragile to handle any ups and downs* , Therefore it is completely reasonable too look for alternatives.

Now the government knows what Bitcoins can do , until and unless they do want to handle another round of protests all around the world related to Cryptocurrencies they do need to leave it alone .

Most countries are a Democracy , that means people does have a say in what the government does , of they do not follow through it would just mean that the government is unfortunately not fit for functioning efficiently over the years , therefore if we demand sternly , I do think we would be able to make a change .

The only way we can see adoption of Bitcoins is by making sure we ask for it , educate people about it , learn more about the possibilities it can provide .

If it all exceeded 1 million dollars , it is a safe bet to say that they have been doing it since a long time , see income tax might now always be reasonable but at the same time If you keep doing your part every year there is nothing to be afraid of.

What the government did shouldn't have been that weird for people , since now every wallet and exchange does have a KYC requirement , the government already records every step , therefore the more they would have waited :
1. The more would have been the interest
2. The price is actually not that bad right now
3. Legal charges would have been more harsh
4. If they have Investment in crypto I do think it is safe to say they they would have had other investments too , so they are actually not loosing much .

They should have just paid it every year , I do think the decision was fair .

At least they are not in the jail , see income tax is only implemented for the people who can afford to pay it , but people try to avoid it when they most easily can be done with it , plus there is no assurance that Bitcoins is going to give good returns in the upcoming year , we all know that we cannot be sure of anything.

*We are all being tracked*

Lets leave it at that .

https://cointelegraph.com/news/judge-accepts-craig-wrights-autism-defense-says-no-to-sanctions

Whatever the man did , we all know , to sum up now his lawyers tried to prove that he is Autistic and thus trail shouldn't be harsh and all .

Now the judge is seriously pissed off and he apparently is not gonna leave the man , even though he did accept the Autism defense , sanctions were kicked out of the picture.

This came out to be a little funny , Autistic? Is he mocking the community?  Autism is no joke , I have seen people struggling day and night to do a simple task in regards to that , you don't have Autism if it suddenly appeared after death of your best friend when you are in your 40's.



Isn't this too convincing? Right after we got to know that the man really did confess his crimes , when he was gonna go into trial he suddenly took the low road. Why was there no mention of it before ?

A quote on 17 April, 2020:


He is now claiming to be Autistic ..



The symptoms usually Begin at the age of 2 or before that , therefore I do think he would have had some support and proof regarding the same.

https://youtu.be/_GJq37xrrW0 This is him speaking in the conference of 2019 of coingeek , whereas am not able to identify any social problems , I do think he would soon come up with an explanation regarding the same.

But court is not going to go easy on the man .. he pissed off the Judge really good.

Do you guys think the man is Autistic and therefore we shouldn't be harsh on him ? Or he is again doing what he does best *lying*.

BUMP

A very abrupt announcement , bitcoin.com forum apparently closes on July 23 !! The news was provided by the admin on 24 June. Till the date there is no specific reason so as why the forum is closing..

https://cointelegraph.com/news/bitcoincom-forum-closes-on-july-23

Considering how popular the forum is plus it was actually started by an early adopter of Bitcoins I do think this is not a beneficial step for the community.

Roger Ver, did do a great job in the starting, promoting Bitcoins but with time he used all his time on BCH, that's his choice no offence , but he did do a lot of unreasonable things in the way of promoting the BCH . He is thought to be a part of scams and attacks that tried to make the price low to scare away the investors.

I do think now doing this he is actually trying to dump Bitcoins entirely , even though his forum provided BTC and  BCH , it still was named Bitcoin.com ! That is why people used it.. I do think he is causing more trouble for himself through this .

Then again am more than happy to see our forum being handled very well .

Bitcoins were always supposed to be something about freedom for people, these kinds of steps actually tries to make the thing more centralized , more controlled . This is a really bad mark on his already spoiled image .

What do you guys think about it ? Does it matter in your opinion ? Should we be ready for some more new members here soon ?

Unemployment have always been a problem in every country , but it have always stayed hidden , now due to the pandemic we are really seeing the real stats.

When we talk about the US , 36 million people are already unemployment and 3 million people more have filed for unemployed benefits, therefore 39 million people are unemployed right now . Plus this aside 17 people out of every 10,000 are actually homeless.

Unemployment Arrises because Government Fails to produce new jobs with respect to increasing population . Industrialization might be beneficial for the company but it does have problems for the workers .

What they need to do is :

• Create jobs online/offline
• Reserve a percentage of jobs for local people
• Don't disturb cryptocurrencies and other non governmental things , they are also providing jobs for a number for people.
• Instead of providing stimulus , use that money to make a local business
• Support local farmers , price might be high but then again you are getting non GMO quality products.
• Instead of wasting money on the police , send that money to nurses and hospitals for PPE , so that recovery can be made timely.
• Keep record of every family , employee people for doing that , see where the family needs support , don't provide them money , provide them jobs !!
• Keep a minimum wage requirement for the workers.