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2981  Bitcoin / Bitcoin Discussion / Re: CRYPTOCURRENCY IN NORTH KOREA on: April 25, 2020, 07:42:15 AM
North Korea is a place which I don't understand why still exists , the ruler should himself be hanged and the people have to start living.
The country is very unfortunate , if someone even talks about something that the government does not approve of , they are killed , mercilessly.
Cryptocurrencies ? People are not even allowed to wear makeup. The internet is something only the rich can afford , I do not think people will be able to use cryptocurrencies there considering what comes with it .
I hope in the near future we see good advancements there , peaceful where people can actually do whatever they want and not live like cattles.
2982  Economy / Economics / Re: How Will the current pandemic affect the crypto market? on: April 25, 2020, 06:31:34 AM
Since the economic conditions are not getting better any soon , the current pandemic is causing a huge loss in the investments , people have to encash money from wherever they can afford to take care of their daily needs .
Crypto market is no different , the current situation is Making it very difficult to attain a good price but at the same time it is supporting some users to do overseas transactions + now people can offer their services to the buyers living not just in their own country but anywhere in the world.
So I would say due to cryptocurrencies , the Crypto market is Down but popularity have increased.
We might be seeing some problems in the bear future but in the long run it is going to be good for the users , since we are able to attain a good audience.
2983  Economy / Gambling discussion / Re: Is the main purpose in gambling, always to make more money? on: April 24, 2020, 01:37:55 PM
Does gambling have a main purpose, to start with?

Do you believe we are here for a reason?

If you had no time to waste in your life, would you still gamble anyway?

some interesting questions
will love to read your answers.(and more questions)

One can always remember the games in the park and in crowded places where you are supposed to pick out a teddy bear out of the machine and you can never get it done but still try 100 of times , till you are out of cash .

This is the oldest gamble we played as kids .

According to biology it is the sudden adrenaline rush we get when your money is on the line , which is addictive , same reason why you drink coffee or smoke .

Gambling is waste of money but at the same time there are sites where you can do a fair play and win sometimes. The system is very difficult, only if you are lucky you will be able to make money .

If you have social security and a job , enough money to use on Gambling , you can do it , but not very often . As addictive it is , people enjoy it for the adrenaline rush they get for 10 seconds.
2984  Economy / Economics / Re: Free rent and no mortgage - new stimulus from US government!!!! on: April 23, 2020, 04:35:25 PM
It has already being implemented in some countries which are facing the crisis . But infact the people who owns the appartment actually have to pay their expenses therefore they are asking the people who are renting the place to pay up or change the flat even with government regulations. But this all should be taken into consideration when you are renting a flat keep your papers work updated so that you have security over the time .
Plus at the same time one can understand the fact that this would help a lot of people all around , the students , the parents , the middle class society .
This is a well deserved implementation but the flat owners should be taken into consideration as well .
Personally the country am living in also have the same rule but not that strict regulations therefore we still have to pay rent :') people are not taking it seriously . At the same time government has not actually implemented the rule as a rule per-se but just a suggestion , but no one is Taking it seriously.
2985  Bitcoin / Bitcoin Discussion / Re: Why is it important to maintain confidentiality in Bitcoins. on: April 22, 2020, 05:05:47 PM
Banks and other investments do provide you with these two qualities
In what ways are banks even in the least bit private? They know exactly how much you own, can see every transaction you make, and will pass it all over to the government if asked. They are the antithesis of private.

One can always hold accounts in banks the family is unfamiliar about , I have had seen people with overseas bank accounts that no one knows about except themselves , I do understand that they cannot provide the privacy as a whole this is why I went out and stated how they already know everything about your accounts . I did already stated it :') , privacy is from the people who do not know about their accounts , they cannot always go and inquire about it in the bank , this is why the Privacy is partial .

This is where Bitcoins steps in , one can easily plan their retirement plan or invest for the future, without worrying about anything except the volatility .
Quote
Lol. That's a pretty big thing you have to worry about. Using bitcoin as a retirement fund is incredibly risky - bitcoin could be worth almost anything (including nothing at all) in 20+ years.

Timely encashing of Bitcoins , trading + short term holding have all provided to be amazingly efficient even at the time when Bitcoins is volatile , or I care to say , more at a time when Bitcoins is volatile. You do need an active involvement ofcourse that is why the price volatility of Bitcoins was mentioned.
It does increase the criminal activities we sure know
Quote
An often repeated statement, with absolutely zero evidence or data to back it up. Bitcoin is not favored by criminals, does not increase crime, and only a minority of bitcoin transactions have anything to do with illegal or illicit trades.


Speaking from a personal experience , I do have unfortunately come across a lot of people who are hiding their funds in Bitcoins to hide from paying taxes , taxes are unreasonable but at the same time one has to do it one way or the other . At the same time there are people who are willing to accept Bitcoins as a form of payment directly in their address particularly dealing with drugs and all . There have been cases where sick people are selling child pornography using Bitcoins . Some are caught unfortunately most of them are not.. ever a minor setback is problematic ; as I have already stated how it is nothing compared to money laundering in physical cash .

the wallets are now using government recognized ID's
Quote
No real wallet is demanding an ID or KYC to use it. The only things demanding that are online services, exchanges, web "wallets" and so forth, which aren't wallets at all since somebody else owns your coins. If you are storing your coins in one of these, you should withdraw them to your own wallet immediately.

Unfortunately in some countries , exchanges and other offline multi-use wallets do demand this , with the order of the government + to control the activities of the people using Bitcoins this step has been taken by most.
Even exchange like localbitcoins.com , has now started asking users for id proofs .
I am certainly aware of the practical implications of wallets like this but they do come in handy once you have integrated your bank account with it and is not doing big transactions or holding for long term  Smiley
2986  Bitcoin / Bitcoin Discussion / Why is it important to maintain confidentiality in Bitcoins. on: April 22, 2020, 01:18:05 PM
Many people might argue that " If you are doing a white job , you do not need to hide your savings " .
Unfortunately this is what the government believes too , the statement might partially be correct but being discreet in terms of the investments you have made does provide you with multiple benefits. Bitcoins is far too different from the government controlled investments, unfortunately government is always keeping an eye on you , the moment your bank account displays even 1$ more than the upper margin , you should be all set to collect a tax notice .

But in the moment we do forget about two things :-

1. Privacy
    
2. Security

Banks and other investments do provide you with these two qualities but unfortunately being monitored every single day one can easily find out how much one have invested .
We have since long seen data breaching over the years and one might know that the best hackers are only one step away from hacking into your account and getting all the information they need.

This is where Bitcoins steps in , one can easily plan their retirement plan or invest for the future, without worrying about anything except the volatility . It does increase the criminal activities we sure know , but it is not worse than the money laundering in cash so, until and unless government decides to put a GPS tracker on every single nickel and get periodic information from the holder ( which is way stupider than it sounds ), they should worry less about cryptocurrencies wreaking havock in the country by fueling the criminal activities .

Confidentiality in terms of wealth is not always negative .

What do you think about this matter ?

P.S. Am well aware of the fact that Bitcoins is fairly transparent but at the same time taken the right steps it can efficiently disclose your information . The addresses can be tracked + the wallets are now using government recognized ID's , but paper wallets and other one's like Samourai can do quite an efficient job , more efficient than banks for sure .

Plus we need to put honourable mention for the times when Bitcoins helped people to start a revolution against oppressive government , giving people actual power can create a better world because the current political situation is far too problematic and biased to be efficient.
2987  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin Become Negative in Value? on: April 22, 2020, 11:24:29 AM
For the people wondering if Bitcoins become negative in value they will be paid to buy some Bitcoins , well it is not true.
Firstly Bitcoins can never be negative trust me. They are far too popular to go tulips .
There are people waiting around this world for the Bitcoins price to hit bottom so that they can purchase as much as they can , also the government have seen acceptance of cryptocurrencies like Bitcoins everywhere.
Bitcoins it is a risky asset and therefore we are always a scared of loosing the money here but at the same time we have seen ups and downs , but it always excelled .
With the central banks and governments creating their own online government bank currencies , one can imagine how the acceptance of Bitcoins will grow over time.
In a crisis like this with banks and governments failing , Bitcoins is much more effective and efficient in providing a major breakthrough for everyone involved , it opens up the opportunities of overseas trading and which is unmatched by any governmental service .
Also I understand that Bitcoins is not a safe heaven , but let's be honest: what is ?
Even USD which was supposed to be a safe asset for millions of people , trading in it , crashed out suddenly and the situation is not set to improve in the upcoming year , proves that the government based assets reaches dead end at any pandemic , epidemic or war , we need a currency like Bitcoins to neutralize the situation.
To let people choose and expand their horizons . Besides providing jobs , it has been proven to provide opportunities + having international transfers safer and cheaper .
2988  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Education on: April 21, 2020, 05:23:26 PM
With the internet now being an important part of day to day activities one who has to study about cryptocurrencies can actually go online.
The thing is , it is already being taught in the higher institute of technology and other engineering colleges but weather it should be taught in schools is still a debate.
One can only work through some of the things that are basics but people who actually wanna learn that can just go online and study hard about it .
I do think teaching something in schools for the grades kinda looses its value over time , you do it for the sake of grades but real knowledge can only be attained if you are willing to work on it yourself.
2989  Bitcoin / Bitcoin Discussion / Re: Itīs not about IF but WHEN - don't panic on: April 21, 2020, 06:16:10 AM
The problem actually is the lockdown apparently with no jobs around people actually have no money to loose and apparently it is going to extend till 2021 no less therefore on might need to take out their investments at some point or the other , therefore people are actually worried that it might happen someday and they won't be able to feed their family . Which is the most important thing for everyone.
We know Bitcoins will definitely turn back up again , but people have it be extra cautious about it.
2990  Economy / Economics / Re: How long this crisis will be? on: April 20, 2020, 02:42:33 PM
I do think we need to remember that we were around 17 months away from a vaccine few days ago until Oxford announced how their major breakthrough could accomplish that by October .
With the vaccine one would be able to go outside like usual after being given the booster doses and staying inside for a while.
At the same time there are countries which cannot take what's being happening with their economy so they might follow the controversial approach by Sweden.
Apparently in Sweden after days and Months of backlash , it have started proving to be effective.
https://www.bloomberg.com/news/articles/2020-04-19/sweden-says-controversial-covid-19-strategy-is-proving-effective
The graph have eventually getting straightened out and people are able to continue with their normal lives with just social distancing.
If a country is on the verge of the breakdown in terms of economy they will consider opting for the Heard immunity like many other countries too .
So lock-down might be over till October 2020 , or even in 10 days if your country decides to opt for the Heard immunity.
But my best guesses are till 2021 , we will stay inside like we are doing right now .
2991  Economy / Economics / Re: COVID-19 will pave the way for CBDCs on: April 19, 2020, 04:59:01 PM
Instead of this I do think one needs to remember that not every country is fortunate enough , the digital currencies and online transactions are still very weird for some people who are just trying to survive , the one's who cannot even afford to buy a smart phone . The government need to take these things into consideration before doing something like this , one needs time to do something like this , I did read comments on the USA digital currency where they mentioned how they are going to present the currency in like 3 years .
All the governmental process takes time and one has to even think about everyone or provide a basic tutorial for people about how to use it .
At the same time one can actually remember that "there are an estimated 1.1 billion people in the world who don't have access to electricity, meaning charging a phone, let alone owning one, would likely be difficult." .(taken from Google)
2992  Economy / Economics / Re: The US Stimulus - How do you feel about it ? Too little to late? on: April 19, 2020, 03:12:24 PM
With the problems with import and export , the developing countries who were providing the developed countries with basic necessities , everything is at halt , there were always a problem with production in the developed nations .

In a country like India which is far behind US , 70% of the people engaged in farming .

In a country like US , only 1.3% of the employed people are farmers .

This stats proves a lot of things , developed nations since ages ago are actually using the developing nations , even with the Corona virus one can see how US is unable to cope up and is asking help from nations they once condemned for being non reasonable.

The US stimulus bill could have been distributed to the the people who are sitting at home thinking how will they be able to take care of everything next month .

On the other hand , one needs to take this as a very important lesson about how a country needs to take care of its own resources .

If India did not export food and other things , one can see the price of the good will become affordable and even poor people would be able to take care of their daily needs .

Therefore stimulus bill should have been in the favor of not so rich people at the same time with the bill the government needs to take care of their own services and goods. A bill won't do much when you have to change the way people think and first and foremost change the leader .

A country is represented by their leaders , no wonder in the time of crisis people are facing tremendous problems.
2993  Economy / Economics / Re: New World: Global or National? Governance with Blockchain on: April 19, 2020, 12:16:38 PM
The countries on the outside are trying to help each other , like - Ukraine despite the bad comments by the US president , Donald Trump , is helping them out with their Cargo .
India is also approving shipping of drugs to Ukraine , the HIV one's which are being used for treatment of Corona Virus.
China is also helping other countries by sending their armed professionals .
There are numerous examples , but at the same time once the pandemic is over , since US fell down quite hard with their economy now the countries will be competing for their spot in the economically developed nations.
Till Corona Virus is here people are doing their best to help it from spreading to other countries because the only way they can work is together.

Unfortunately on the sidelines ,
US is investing how Corona Virus originated in the Labs of China , the will go on a much larger scale once they have some leads .

Things will always be competitive with nations , unfortunately the government at the end will remain same . We need to overturn the whole governmental sector + bring major changes then only we can think about living without borders.
2994  Economy / Services / Re: [Open] SatoshiDice.io Signature Campaign | Senior member+, payment in BTC/week on: April 19, 2020, 12:05:22 PM
Name:   fiulpro
Posts:   2382+1
Position: Sr. Member
BTC talk profile link: https://bitcointalk.org/index.php?action=profile;u=712353
Merit earned in Last 120 days : 64
Address: 34MQ7e5DfQGw3PpajBSi2vV46kSToVkF2R

Would post constructively in Gambling section as mentioned.

Thank you .
2995  Bitcoin / Bitcoin Discussion / Re: Offline cryptocurrency transfer? on: April 19, 2020, 06:09:09 AM
Not just SMS , you can also send cryptocurrencies through the radio without any special equipments , therefore I do think it is indeed interesting but at the same time it is not that easy and feasible to be used everyday .
It is possible but at the same time I don't think we would need it until and unless we are in a warzone and we have no internet, nothing.
How about just mailing a paper wallet to the reciever , hiding it into a heat-sensitive ink somehow and Viola ! You have secretly sent Bitcoins overseas 😂 .
2996  Economy / Economics / Re: The Coronavirus and A Deflationary Crisis on: April 18, 2020, 02:32:51 PM
Actually there were people who did imagine the Corona virus crisis , when the SARS - 2 was discovered a group of scientists wanted a loan to be approved so that they can create a vaccine against the Corona Viruses in advance for future but unfortunately their funding never came , it was deemed unnecessary.
So all of this could have been avoided is countries could focus on healthcare instead of their ministers or even building a wall .
Bitcoins is ofcourse connected to the economy but at the same time it is stabilized due to the fact that it is not one country who is investing in it , so it is like people supporting people together.
Also I think it is good that whales have not decided to act in a situation like this because it would create a lot of problems for other small investors.
Unfortunately people have to sell Bitcoins and the price will drop eventually if the quarantine is to be extended.
We actually have 2 choices , either people will die of the Corona virus or because of no economy stability , no job , no nothing because of extended quarantine.
2997  Bitcoin / Bitcoin Discussion / Re: Isn't this the best time for Bitcoin? on: April 18, 2020, 07:06:23 AM
Even if you stay away from Cash and ATM's you can still swipe the card , it is Preety much the same thing and you won't have to pay any excess fee , therefore I do think your point is a little off the mark .
It is undoubtedly the best time for Bitcoins since Bitcoins is able to provide something that the government can't , security , job opportunities , a coin free from the individual country's inflation rate.
This time has provided an amazing insight so as why we need a decentralized exchange . It has supported people in a lot more ways they one can think .
I do think after today government will be more grateful towards the Bitcoins and other cryptocurrencies as they have provided people with a secure outlet where they can trade And even send overseas money which costs much less.
2998  Economy / Economics / Re: China’s economy is contracting and this is not good for the global economy. on: April 18, 2020, 06:57:47 AM
See this is what people need to hear , unfortunately because of the virus being originated in China , it has created a lot of offense for the Chinese government , people are saying they are being benefitted or they have the vaccine and they are not giving it away , unfortunately economy of every single country is being infected.
With the Corona virus killing so much people and creating it harder for anything to work out , economy of even China is being affected and we all know how much China exports , everything that is Cheap or costly one way or the other , even the spare parts they come from the Chinese markets , so if they get into a bad situation then China will have to increase prices and inflation will cause other countries to be affected too .
2999  Economy / Economics / Re: US potential Recession and its effect on Cryptocurrency on: April 16, 2020, 03:41:46 PM
Cryptocurrencies are decentralized and we are always talking about how it works and how it is not controlled by any centralized body but we fail to ignore the fact that even though it is volatile at a time like this , at a time of economic crisis , it gets stabilized .
With the government failing , people all around the world starts pooling in whatever they can afford and trading volumes are increased at a beneficial rate.
Therefore with the US failing in the economic sector I do think it won't do anything related to cryptocurrencies because it is not dependent on US only but ok every single country where people are allowed to engage in it.
3000  Bitcoin / Bitcoin Discussion / Re: What Happens to Miners After Bitcoin Halving? on: April 16, 2020, 10:41:03 AM
They will ofcourse be paid half but at the same time I do think if you are a miner you are well aware of what happens during the Halving so they should be well prepared in time.
Mining is hard in many countries , where the government is against it and at the same time the electricity bill is sky high therefore at those places a miner could have a lot of problems.
If they start using their rewards in things like trading and investments maybe after a while they can have a hang of it and will be able to go to the day to day activities like they used to do before the Halving.
But the good thing is in a crisis like the Corona virus they are still getting paid so even though it is half of what it was before , people are hunting for jobs and government and economic crisis is not new.
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