Not quite true. The IMF is using purchasing power parity to calculate China's GDP, attributing over 20% growth over the last two years alone, in a depressed global market at that! In terms of nominal GDP, the United States is still $7.6 trillion ahead of the Chinese (as of 2013). China will eventually take over the U.S.(which will drop to third behind India) as the world's largest economy - that's a given. But in my opinion, that's at least six to ten years away - provided China's banking system does not collapse by then (the stories I hear about the reporting practices of provincial GLCs and financial institutions there are sometimes comical). That's what I wrote 6 posts above yours. And looking at the other posts, it seems nobody reads what the others have written already. This is getting bad... |
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If a country bans Uber, that would be a great news for freedom. I just can't understand how some people can enjoy this service. It's like having the CIA watching all your moves. Taxis are anonymous and you can pay cash, that's what I like.
Uber has many benefits. One being simplified commuting. Type in address and they arrive; can even choose a luxury car. Cab?...need to call, creepy drivers, confusion, expensive, rude, dirty, etc. Simplified? You need a smartphone, you need to download an app, you need to register, you need a credit card, then you need to type... It's easier to call a taxi to me. I don't know if it's more expensive, but I know I always prefer to hire the service of a professional, and nobody records my commuting. |
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If a country bans Uber, that would be a great news for freedom. I just can't understand how some people can enjoy this service. It's like having the CIA watching all your moves. Taxis are anonymous and you can pay cash, that's what I like.
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I have a question: why should I consolidate my BTC?
I don't.
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What's the fee for using that coinapult service?
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I'm not sure this is smart. Don't we want BTC to be global? Creating a small community isn't the right way to achieve this. I say it's better to have a few bitcoiners here and there, everywhere.
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Most people see BTC as in investment by itself, so they don't look any further, and I say that's the best option. From what I've seen, the companies (sometimes the company is only a "front") which propose BTC investments are far less secure than your wallet at your home.
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The guy fails to come up with a single new idea. Everything he says has already been told years ago, and that hasn't stopped BTC from growing.
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I've said it several times already. BTC shall remain international, and not be related to any nation.
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I would sure appreciate to book an hotel room with BTC,
I usually book my hotels through Expedia. They accept bitcoins. Thanks for the info. Actually, I knew it but I had forgotten it. |
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Yes, you can.
This is what happens when a country doesn't have its own currency.
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No, that's not your business. All BTC transactions are private. |
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To the average person going out for a drink or a burger, cash and credit cards will still rule for a long time. Maybe the young will switch to new payment methods in the few places which accept them, but the older folks will stick to what they've used for decades.
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I would sure appreciate to book an hotel room with BTC, but I'm not convinced BTC is the best solution for small expenses.
Still, it could be convenient when going to small countries like Hungary, if you could avoid changing any cash.
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Does this work? Has someone actually tried it successfully?
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i'm wondering how if all the countries in this world...
That can't happen. There's not a single example of all countries in this world having the same opinion on any matter. In Northeast Africa, there's nothing wrong with marrying a 12-year old girl, but people will throw stones at you if you're a muslim marrying a christian. |
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Since BTC/USD is a pair...
No. Far from it. Bitcoin's value is hardly related to the U.S. dollar's health. There was no link between BTC's huge rise and then its fall earlier this year and the dollar. Regarding your question, I haven't had a dollar in my hand for about 5 months, so I wouldn't do anything if it crashes, but I'm not expecting that. With millions of successful workers and the US army behind it, the dollar remains much stronger than BTC for the foreseeable future. |
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I like it better, as you don't talk anymore about the poor and the people without a bank account.
Smartphones are great for rich folks who have a regular subscription, paid by direct debit, but the poor who don't have a bank account have a "pay as you go" line, which is much more expensive to use, and the phones are much less fancier. I can't say how good your software is, but I doubt the poor will be interested, nor will be they able to use it.
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It's nearly the same difference between having your cash in a current account at your bank, or in a safety deposit box underground. I remember once I wanted to withdraw a substantial sum from my current account, my very own money, and the teller told me I couldn't, because they don't handle large cash transactions. I had to come back each day for 4 days to split one large single transaction into smaller ones.
You'll have the same issue if you want to withdraw many BTC in one go from an exchange.
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