Up until now, I thought the only way to convert fiat to BTC is through KYC exchanges. It seems like there are alternatives such as Bysk. Did I shoot myself in the foot by purchasing through KYC exchanges?
I totally see nothing wrong in purchasing bitcoin thru platforms that require KYC. As a matter of fact, KYC makes me more secure and at peace that my transactions will be done safely because they provide higher level of security against hackers attack. KYC is asked by exchangers for a reason. And that reason is to guarantee the users that their funds are on a safe place. I bet you've done several transactions using KYC exchangers before, so why bother now? If you are thinking of trying different exchanger that do not require KYC, it's still up to you. But make sure to always be on your guard because maybe instead of saving up some bucks on processing and transaction fee, you'll lose even more by trying to be frugal. |
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I don't think they are the one that has responsibility on that.
We are all aware that gambling could affect us negatively or positively before we even play, and gambling sites never forgot to warn us about it either. It is us who should be taken care of ourselves in everything we do, if we want to play gambling then we should be prepared to lose something. It's so immature to engage on something crucial when it comes to money yet if we lose we will put the blame on the other party.
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My last post described that Bitcoin was given the attribute of matter when it was created by Satoshi Nakamoto. Bitcoin is as unique and non-replicable as matter. For this reason, Bitcoin is often compared with gold. Why is Bitcoin called "digital gold"? I want to discuss it with everyone.
Satoshi Nakamoto's original intention to create Bitcoin was to establish an A Peer-to-Peer Electronic Cash System. This kind of electronic cash can be used for daily payment and circulation, and can also serve as a "world currency" function. The role of "world currency" was once played by gold, so some people compare Bitcoin to digital gold.
To a certain extent, Bitcoin is replacing gold as a "world currency" and a "store of value" function. This is also the basic consensus that supports the price of Bitcoin. I summarized the following points:
1)Bitcoin, like gold, has a limited total amount and is scarce, and neither can be supplied infinitely. At the same time, it is very difficult to obtain, and it requires cost.
2)Bitcoin and gold have similar physical properties, and both have the uniqueness of matter. Can not be tampered with, can not be copied, can be physically divided.
3)Both Bitcoin and gold have similar monetary properties and can be used for daily payments or as a store of value.
4)Bitcoin can also perform the function of "world currency" and anchor global assets.
Compared with gold, Bitcoin also has the following advantages:
1)Continuous deflation in quantity:
The total amount of Bitcoin is 21 million, and the total amount is constant, and it is constantly being mined in the form of "mining". But at the same time, more and more Bitcoin owners may lose their private keys for various reasons, causing Bitcoins to no longer be found and circulated. This phenomenon occurs every day, so the total amount of bitcoins that can be circulated will only become less and less in the future.
2)Easier to divide:
Compared to gold, Bitcoin is easier to divide. The smallest unit of bitcoin is 1 satoshi, and a bitcoin can be divided into 100 million satoshis. At the same time, the Bitcoin split has almost no cost, while the golden section has a huge cost.
3)Easier to carry and trade:
Benefiting from the fast-growing cryptocurrency exchange business, Bitcoin can be traded uninterruptedly within a 24-hour time frame around the world. At this point, Bitcoin's global circulation is better than gold.
4)Can not forge:
All Bitcoin data is controlled by the Bitcoin network and cannot be forged or tampered with. On this basis, Bitcoin successfully established code trust. To a certain extent, gold can be faked. We often see various news or fraud cases about gold fraud. At this point, Bitcoin is also a winner.
5)More transparent:
Compared to gold, Bitcoin has the advantage of being more transparent. Gold trading is not public, and many traders use "paper gold." But every transaction of Bitcoin is open and transparent, and its transaction records can be found on the chain. This is the cornerstone of Bitcoin's value.
6)More decentralized:
Gold is a product controlled by a centralized organization, that is, the government. On the one hand, the central banks of various countries monopolize the vast majority of gold reserves. On the other hand, the government can introduce policies to restrict ordinary people from holding gold. This has resulted in the vast majority of people being only able to invest in gold derivatives such as "paper gold".
But for Bitcoin, anyone can buy and sell Bitcoin without restriction at any time. At the same time, individuals have absolute ownership of Bitcoin's private keys instead of relying on some centralized institutions. Bitcoin puts assets under the control of their owners.
We found that Bitcoin has many advantages that gold does not have on the basis of the characteristics of gold. If Bitcoin replaces gold as a value anchor, the market value of Bitcoin will definitely exceed gold. This is the basic logic that supports the price of Bitcoin.
According to statistics, the total market value of global gold currently exceeds 8 trillion U.S. dollars. If the market value of Bitcoin exceeds 8 trillion U.S. dollars, the value of a single Bitcoin will exceed 400,000 U.S. dollars. This is just a judgment on Bitcoin's value as a "digital gold".
Why do many people call Bitcoin "digital gold"?
This is such a detailed explanation of why people are calling bitcoin 'digital gold' and why is it often associated with gold in the first place. Bitcoin is indeed a valuable asset that a person can possess. Its value goes up and up after a long period of time. Although volatility is also its nature, we still can't deny the fact that bitcoin has exceeded and overcame the test of time it has undergone. That is why a lot of investors are continually eyeing it for the long-term because it can generate more profit after several years. Some people are even going all-in on bitcoin because they trust its potential so much. Hodling every single amount of bitcoin they have is what they conditioned their minds to do. Delayed gratification is the goal of almost everyone holding btc. |
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There are three kinds of people in the Bitcoin world, idealists, opportunists and faithists. - Idealist
Many early Bitcoin participants were mostly idealists, and they hoped to get a lot of benefits through Bitcoin. But many idealists have not persisted until now. After holding the currency for a period of time, they have not seen more benefits in the currency circle. They chose to withdraw due to their own greed. - opportunist
They prefer the volatility of Bitcoin prices and find opportunities to buy Bitcoin at low prices by analyzing market price fluctuations. When they see a opportunity in the market, they want to realize the freedom of wealth quickly - Faithist
They stick to their beliefs, believe in Bitcoin, and as long as they buy Bitcoin, they are willing to bear its risk. When the price of Bitcoin falls, they will not panic the market and choose to sell, but think it is a good opportunity to buy at a low price.
I think there are more Bitcoin opportunists in the forum. What is your opinion on this? Which one do you think you are? Actually, there are official terms used for the different kinds of people there are in the cryptocurrency community. In fact, it is used in different platforms as well whereas investments and trading are a thing. Short-term investor, long-term investor, trader, speculator, and scalper; these are commonly the groups of people residing in an investment platform. They have different goals like what you stated. Some are in it for the long term, some are in it for the short term and they just do whatever they want to do with their funds. They would either, hold or trade depending on their needs. There is also a combination of two or more personalities. I guess it's more of the mixed personality side because there are certain circumstances we have and want to do different techniques to make our money grow. |
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Elon Musk is an influential person in cryptocurrency because he has a wide network to manipulate. He often voices out his opinion on Twitter and many people believe him. I wonder why because he just usually instills fear, uncertainty, and doubt (FUD), among his followers. As for your question, it just really depends on someone if he will believe Elon's opinions about crypto. However, one must also know the risk of just following someone's advice and move when we are talking about money because not every piece of advice is something worth following. Everyone that decides to enter the world of crypto must know how to read the charts on his own and how to do technical and data analysis. So that he would never fear of missing out and just decide impulsively because of the hype.
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The pandemic has caused so many challenges that almost every country in the world faced unprepared. Almost everyone has not anticipated the huge effect a pandemic may bring. Hence, it was such a difficult struggle for the majority, particularly to the developing and third world countries to cope up with the negative impact of the virus on the country's state and to its economy. Inflation is really expected to happen because the safety protocols and measures imposed were a disadvantage to the economic aspect of the country. The lockdowns, social distancing protocols in every place, travel restrictions, the closing of businesses, and job losses contributed a large percentage to the inflation rise after several years. The debt of the country made it even worse because they can hardly pay on time resulting in higher interest rates.
However, despite the negative effects of the pandemic crisis such as higher inflation, it won't last permanently. The higher inflation rate is just temporary - a repercussion of the actions done in response to the pandemic which can later be lowered the moment the economy will bounce back once again. It's just that the burden to the less fortunate ones will be a little heavier compared to those who belong to the upper bracket of the society given that the former barely have the means to survive and the latter are privileged enough to buy all the things they need without breaking their pockets.
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One of the sure-fire ways to build wealth is by investing your money, especially in stocks from a company with strong fundamentals. Interestingly in recent times cryptocurrencies most especially Bitcoin has been the talk of the town due to its massive ROI.
Warren Buffett is one of the most successful stock investors, in the world. Yet, Buffett has said he won’t ever buy the cryptocurrency for several reasons . Other hand Michael Saylor, an early Bitcoin investor and proponent has been credited with institutional Bitcoin boom in December 2020. He has made billions of dollars from Bitcoin.
There are others like Mr Buffett and Mr Michael all over the world.
Truth be told both investors are doing very well. My question now is , Who is Happier? Is it the Stock investor or the Bitcoin investor?
We can't really tell who is happier than who. After all, happiness is a broad topic already. It can be because of various reasons. What exactly is happiness' definition anyway? It's a very subjective matter. Some would say happiness is having a huge sum of money in your bank account. Some would say having your loved ones beside you. Some would say happiness is achieving their goals and aspirations in life. You see, the definition of happiness can be different from one's perspective already. Hence, the comparison is totally nonsense unless there will be a conducted comparative study that covers the same variables and aspects to determine which is which. The bitcoin investors and stock investors have the common ground of making their money generate profit. Having that said, that can be the level of comparison. It would just be a very delicate topic because it's really a matter of personal view. Stocks flow differently than bitcoin and the cryptocurrency market flows differently than stocks. They have their own nature which should be acknowledged if ever a study will be done about this. |
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The crypto community, of course, is happy that countries such as El Salvador are already ready to accept bitcoin at the state level, as this contributes to even greater acceptance of bitcoin, its popularity, and, consequently, an increase in price in the future. For bitcoin investors, this is a happy event, but the residents of El Salvador do not really like it and they came out to protest against the new law. https://decrypt.co/76576/el-salvador-bitcoin-law-citizens-protesting... group of Salvadorans composed of leftist unions, student associations, and others gathered at the Legislative Assembly yesterday to protest the country's adoption of Bitcoin as its national currency.
The group, organized by the "Block of Resistance and Popular Rebellion," used banners and slogans to demand that the so-called Bitcoin Law, which makes BTC legal tender and obligates businesses to accept it, be revoked. It turns out that 77% of Salvadorans consider the new law on accepting bitcoin as a means of payment an extremely bad idea. https://decrypt.co/75613/77-el-salvador-residents-believe-bukele-bitcoin-law-not-wise-move"It is a law that generates legal insecurity and that could be used to defraud users and also facilitate money and asset laundering," said activist Idalia Zuñiga. It is clear that bitcoin is very volatile and manipulative. For many segments of the population, the next bitcoin dump can turn into a crash. Because in the long term, you can wait out the fall in prices, but not in the short term. And they will have to convert it at a loss. Another protestor expressed her concerns about Bitcoin's price volatility. “For those earning a minimum wage, in one moment you may have $300 in Bitcoin and the next day those $300 can turn into $50," she said, before pointing to BTC's price plunge from a high of $63,595 in April to half
that today. But this part of the article once again confirms the rumors that the adoption of bitcoin in countries such as El Salvador, Panama is a planned step for market manipulation. Too quickly, such a serious step as the adoption of a new means of payment was considered at the government level. Protestors can also rightfully grumble over how the law came into being as it's a reminder of President Nayib Bukele's control over all branches of the Salvadoran government. Despite the fact that a bill must normally go through a strenuous process of study, consultation, and adaptation, the Bitcoin Law was approved in less than six hours from the time Bukele officially presented it to Congress.
Although it has already been approved, the Bitcoin Law stipulates a period of 90 days to become effective, meaning Salvadorans will be obligated to accept Bitcoin come September. The opposition has always a say in everything most especially in a democratic country. They have all the right to voice their opinion anyways. However, I just don't understand the need to protest against the new policy since I think it is just optional for the El Salvadorians to use bitcoin as an alternative mode of payment. They can always use the other available modes of payment if they want to. Why bother to protest when you can opt to ignore the newly implemented law because you are not interested? I think the law about bitcoin adoption as legal tender in El Salvador is not really mandatory, meaning they are still responsible for what kind of tender they would use to pay. If they are so worried about bitcoin's volatility which I totally understand, then they can just not apply for it. The volatility of cryptocurrency is indeed a big factor to consider, but I guess their officials have thought of that too already. It's a risky move, but it can benefit their economy after all. |
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Your opinion is needed concerning the above topic.
You should make your question more specific to have better interactions and responses from the users here in our community. Your question is somewhat broad and it doesn't convey the straightforward subject. But if you're pertaining to being wise in spending money, my answer would be yes and no at the same time. Yes, because the principles, beliefs, ideas, and learnings imparted to you at school while studying economics can definitely help you hone your perspective about spending, saving, and investing. It will teach you how to manage your finances well. You have the edge over the people who didn't study economics because you know the basics, fundamentals, and in-depth knowledge about it. You can always utilize what you learned in your favor. For an instance, in entering ventures that's related with money, you know what to do because you have studied the laws and principles in supply and demand, the market flow, and the likes. However, it's also not always like that. The other side would be, studying economics would not really make you economical because it still lies in your personal preferences and the habits you built along the way. If you are undisciplined, then, being economical won't be one of your traits since you are used to not being frugal. The learnings taught to you won't be as valuable because you don't practice it before. You may also have a hard time being financially literate because like what they say, bad habits die hard. Although, it's just really up to you honestly. Some people who didn't study economics are actually very wise in spending and handling money. |
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There are also many gambling addicts who manage to get out of their addiction when they intend to break it...
Surely many of us have played gambling to forget the time and others because of great curiosity, it's an example of a mild addiction but when we decide we have to stop then we definitely do it. but for heavy addicts it would be better if they go to a psychiatrist or rehabilitation center to treat their gambling addiction.
They must have a strong effort to get out of their addiction because it will not be easy for them, especially if they have a heavy gambling addiction. Yes, I have experience playing games to forget the time and others but fortunately, that is not a gambling game. After all, I think that is still a sign of becoming an addiction so no matter what, we must prevent it before the addiction makes us forget everything. That's the problem, most of the gamblers who are addicted to much in gambling doesn't have a strong will of dedication on quitting, that's why they are stuck forever in the gambling realm. Even with a great push of their families and friends, since they are not willing to quit, no one could help them except themselves. Therefore the conclusion of mine according to this problem over and over again is that they must first have self-realization, to accept what must change on themselves in order to grow, to solve a problem, you need to admit that there's one. |
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I think the reason why more bitcoin mining is going green now is due to being more sustainable, efficient, affordable, and friendly in the environment. Utilizing the renewable source of power instead of the non-renewable will reduce the cost and the possible negative effects to the climate of our planet. Majority of the organizations are now advocating for more environmental-friendly ways to sustain the needs of the industry. Hence, it explains why more mining corporations are now switching to the alternative ways on generating energy and power to fuel their electricity in the mining sites. The non-renewable energy sources are also becoming more expensive and are becoming limited because of high demand and little supply. That is why it is really much better to go green, that way we can also help the reduction of carbon footprint that is one of the major reason of global warming.
Although, the first investment would surely cost a lot. But it will definitely be worth it after several years of usage. The invested capital will be gained back in just a matter of time.
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I'm now all in BTC and haven't sold a bit since 2013. I have a few Litecoins left somewhere but too few to mention.
I know putting all eggs in one basket is not very wise but I don't feel like investing in anything else right now. Is this a risky move? Maybe yes, maybe not.
I plan HODLing more, might sell a small percentage around November when odds say BTC might boost like crazy.
What's your plan?
I assume you're not new in this platform, hence you already knew what you were doing and what you are still currently doing. The risk is definitely high when you risk all-in in one coin, but the rewards will be high as well. Bitcoin has proven its potential over the past years. It has withstood the test of time and all the shades thrown at it countless times already. However, you must also know that despite all the good aspects of bitcoin, it is volatile. There will come a time that its value won't be as high and if ever the time you need money most will happen the moment bearish market enters - where the lowest of low of bitcoin's value can possibly hit, you'll have no other choice but to withdraw your btc because you have no other coins as alternative in the first place. Nonetheless, it's just really up to you. I think you have thought several worst possible scenarios before risking it all in bitcoin after all. I salute your patience and delayed gratification, mate. |
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It makes me wonder too how some people are so gullible to the extent they will trust some random link online which has a caption of too good to be true campaigns and giveaways. There are so many clickbait links which spread virus and can instantly hack, corrupt, and steal your privacy information in a snap. Hence, it still bugs me why people are so naive despite being warned several times already. Certainly, ignorance is dangerous. It can cost you so much if you are not careful. Most especially if your gadget such as phone or laptop contain so many important information that should only be known by yourself. |
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I guess most of you have noticed the rise in the number of banks and Financial commissions and Governments in different countries announcing bans on crypto purchases using banks, crypto exchanges, and in some case Bitcoin mining crackdowns. From UK to Japan, Canada (Ontario) to China, but one thing for sure is all those attempts can't stop a force that has already gained momentum. It only signals that the Bitcoin movement is going down the right path of history. They want to have control of how people spend and transact but with Bitcoin and other cryptos, they are powerless, that's why they are not happy. In 1996, the regulatory bodies tried to ban Internet phone software, the rest is history   Image sourceThe emergence of a certain thing that screams potential certainly brings threat and uncomfortable feeling towards its competitor. The insecurity and worry will become evident by doing the unjust things just to get past ahead the known rival. Hence, the article you provided is a great example of what is happening right now in cryptocurrency world. I really do believe that cryptocurrency banning is just temporary because the leading factor that is behind that is usually the politics. The perspective of the officials presently elected is a great factor about the status of cryptocurrency legality in a country. After the administration and when the years of reign of the leader is over, it's time to have another set of government officials to lead the country. Another set of people that may have different principles and beliefs compared to the prior ones. Hence, the cryptocurrency banning will not be permanent. I guess one good example here is the country of Vietnam. They have banned cryptocurrency before and made it illegal to be a mode of payment. However, recently I have read that Vietnam is now open-minded about cryptocurrency in their country. In fact, the Vietnam government has already a designated team that is tasked to research about cryptocurrency and its implementation and regulation in their country. This is said to be the bold step of Vietnam to the next level of digital economy in their place. |
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Bitcoin is becoming mainstream these days and top most choice for many investors for making investments and contribute a good portion of their portfolio allocation towards the same but still we see panic sell among these investors making the situations worse for market and for themselves also. So what are the main reason for these sell off ? Later on when they buy at peak and sell off at drop they think btc was not the right option for them but don't realize their mistake.Some common reasons for these are as follows: 1) People think Bitcoin as tool to become rich overnightThe main reason for people investing in bitcoin is that they see btc as tool to become rich overnight and according to them if they would invest $100 or $1000 in bitcoin it would be double or triple within days and when they see their investment going down next step they get nervous and want to safe themselves from any further loss.They see on news and article that btc is up 1200% this year and they think it will keep on rising and when this does not happen they panic sell and start dumping their coins.They need to be atleast have patience and know it will take certain time for btc to jump back.Apple,Microsoft and other shares have not make upto S&P 500 overnight but still bitcoin is keeping the pace very fast. 2) People ignore the volatility factor and past CrashesMany new investors enter the market in the investment hype and hope for steady rise and ignore the main "Volatility" factor and it is the basic knowledge every investor must have prior investment.The volatility in crypto market is high and prices can fluctuates highly but when it goes down they start panicking and do the same mistake which is biggest mistake. Market have seen many dips and crash like situations but still they tend to ignore it and got nervous. They should see this chart history before any judgement: When it have witnessed more than 70-80% crash in prices and still managed to rise to this level so why do panic sellers think it is bubble and will burst this time? It has been declared dead hundred times and still trading at $30k so if you underestimate it you will be in loss in future. 3) Whales manipulation and FUDThis is most common technique to create dump like situations in market to gain huge profits from this situation and accumulate more bitcoins at cheap prices.They spend rumours and create FUD in the market to which most of the newbies will get panic and start selling off and exactly same thing happens and the only ones who suffer loss out of this will be panic sellers.
WE ALL NEED TO TAKE INTO CONSIDERATION ALL THE FACTORS BEFORE INVESTING INTO BITCOIN AND HAVE PATIENCE FOR SOME TIME MOST IMPORTANTLY IN THESE DIPS SO THAT IT GET SOME REATAIL SUPPORT. These are exactly the things that I have thought of too why newbies often lose their investment. Cryptocurrency has entered the mainstream media nowadays, which means more audience, more attention, and more potential investors. This has a good effect in our growing community. The many users we have, the higher supply and demand that will make the flow of the market spontaneous. However, most newbies make mistakes. We can't deny that since we have once experienced to be an amateur and new in this platform. There are certainly room for errors for improvement, but it should be minimized as much as possible because we are talking about money here and not just some sort of game without big consequences. I agree on your list, but please allow me to share my thoughts about it as well. I think one of the major reasons why newbies fall into the pit of their damnation is first, they enter without being equipped with the proper knowledge and understanding about cryptocurrency. They are carried away with the hype over the internet. FOMO is their usual driving force the moment they entered crypto world. They keep on thinking that crypto is a get-rich-quick-scheme, hence, they dived into it without even background checking what they're getting themselves into. As a result, they will mess up their funds because of lack of in depth knowledge. Secondly, they are easily driven by fear, uncertainty, and doubt (FUD). Because they aren't aware about the crypto's run-around, they would experience anxiety and paranoia about the market status and their coin's value. Sudden price drops would easily shaken and weaken their heart to the point some would opt to sell right away without waiting the market to bounce back. They disregard the volatility nature of crypto because they aren't knowledgeable about it in the first place. Lastly, most newbies rely on the other people's advices. They keep on listening and doing what other people is doing. Not thinking that there's no such thing as one solution, fixes all in crypto. Instead of doing their own technical and data analysis, they rely on gossips and baseless assumptions which often lead to nowhere good. In addition, the newbies are gullible and keeps on following the other's footsteps in expense of their funds security. That's why most often than not, they land on investment scams and schemes. |
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Cryptocurrency is a popular trend in the current currency economy field, and many people are concerned about choosing the crypto market industry. The decentralization of cryptocurrency prevents it from being recognized and protected by the official government of any country. It is under the influence of the supply and demand market. At the same time, there are very many people buying and very few people selling, which will lead to rapid price increases. Then the dealer inhaled a large amount of money, causing the price to rise to a certain level and then clear it, and then retail investors will be injured. While it brings profits to investors, it also has risks.
Recently, the popularity of multiple cryptocurrency markets has continued to increase, and many traditional investment users have also begun to pay attention to the cryptocurrency market. How long can this trend last? Will it always exist?
Cryptocurrency will continue to exist as long as there will be people trusting this platform. The supply and demand from the users will continue to make the cryptocurrency community alive. The needs of the people will be the source of pumps and dumps in crypto world. Surely, this will continue to exist as long as there will be patronages. Just to clarify your statement, cryptocurrency is decentralized in nature means that the government won't be able to control nor manipulate it. The government doesn't necessarily protect something whenever they have the power over it. As a matter of fact, most of the times they have the ability to control something, they regulate it to the extent that the welfare, freedom to move, and decision making of the people are compromised. Hence, it's not really a good idea at all times that certain activities, properties, facilities, services, and source of income to be government-controlled and owned. Taxes, policies, and regulations will surely enter the picture. |
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I have nothing against the implementation of blockchain technology and cryptocurrency payments in the Life insurance industry.
However,I highly doubt that the blockchain technology will reduce or prevent the cases of insurance fraud.
Technology can't replace humans,when it comes to investigating insurance fraud cases.
I think that the insurance industry will be damaged by the corona recession.The overall revenue of insurance companies will go down and adopting cryptocurrency payments won't make the insurance companies more attractive to the people.Many people lost their jobs due to the recession,so they can't afford insurance.It doesn't matter if they are paying with crypto coins or fiat money.
You have a valid point. During this challenging time, most people barely have food to eat and are just trying so hard to make the ends meet just to survive their daily struggles. Applying for an insurance policy would be the least in their priorities since the downpayment and monthly payment required to be paid will just take another toll on their budgeting. I would bet that the people would rather save themselves and buy the things they need at the present than to get a life insurance. There are still a lot of people unaware how beneficial life insurance would be in case of an emergency. There are also people that are fully aware about its advantages, but unfortunately, they don't have the means to get such package. In addition, the entry of blockchain in life insurance policies won't totally guarantee that it will be fraud-free. The security measures might be strengthened, but it won't be an assurance that some kind of schemes, scams, and fradaulent activities won't be present. The security measure is still best provided with the help of a human and not a program alone. Maintenance must regularly be done to secure the protection of it against the hackers. |
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Two forces are at play in China and hence in the world. On one side, it is an authoritarian regime that bans many basic rights including the free use of crypto, in the name of harmony and social peace. On the other side the current regime has been able to take hundreds of millions of people out of hunger and abject poverty.
As China takes the economic lead of the world, or at least a significance that does not allow simply ignoring it, that government style or regime will have an gigantic influence on other countries that may sympathize with a successful authoritarian regime and see it as a proof of success without democracy. The oligarchies, the theocracies, presidential regimes and dictatorships will enjoy an unprecedented practical and even moral support from a giant example.
On the other side, while democracies seem week because they seem to be always in disarray and dissention internally, they have a proven record of allowing the flexibility and the mutual recognition of power of the different factual powers and groups. Also, it can be seen that historically, countries that progress generate a gentry class that wants real intervention in government.
What will happen? Will China grow in strength and authoritarianism and propel those countries that are akin or will the internal power of the middle class aim for a "perestroika" of short of the system?
China's way of governance has its two sides of the coin - the one that has a lot of successful policies and regulations that have made their citizens' life better and the one that has endangered and compromised the livelihood, freedom, satefy, the existing cryptocurrency community status and many more. China's authoritarianism governance had made advancements and improvements, no doubt. It has made beneficial impact to the lives of many, but it has its repercussions. Every way of governance there is has it anyway. The freedom of the people are at stake whenever authoritarianism leadership is practiced. The innovation and development will happen but to the expense of the free-will of the citizens. The regulations of cryptocurrency because of authoritarianism has brough negative impact to the value of bitcoin in the market. Simply because most mining sites are located in China and controlling the flow of operations related with crypto has its downside to the community. |
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I have a kid and I don't like it when he is playing games like GTA which are accessible thru Google Play. There is one time that I saw him being really brutal while playing it and I immediately take it off his phone.
The problem:
1. We don't know how the restrictions are set.
2. Some applications don't really put the real age requirement for their games.
Brutality, gambling, bad words or anything that may lead to addiction is not a good thing for new era kids. It affects them and I can see it with my kid although I did try keep him away from all of it.
For me, if it's gambling then stick with it. If its an MMORPG that offers in game gambling, I don't like the idea anymore, it ruins the fun. But that's just my own opinion.
You certainly have a point there, but I see it in a bit different way. I have kids too, and from my experience it's not only gambling inside a game is what might be dangerous, but many other things, like the case with GTA that you described, for instance. The thing is that we can't dictate to game producers what games to release, so the only option we have is to not leave our kids unsupervised for a long time while they are playing. Play together with your kids and give them the right understanding of what's going on in the game. I agree. Since we don't have any control on the games that's being published in the internet, at least let us always supervised our child activity especially in gadgets and social media. I just want to add that not only in gambling or 18+ rated games your child could be in danger but also in games where they talk to other people all around the globe, my example for that would be Minecraft. A news here in our country (Philippines) says that his child was talking someone in Minecraft, and luckily the parent (mother) heard it that the stranger was asking something on his child like to go on a certain address (if I remember it correctly) and when the strangers noticed that they are heard by the parent, they got disconnected. |
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It depends on what kind of game you're playing, if it's a luck based game, then luck would be important while if it is a strategic game, then your emotions should be important, I mean you need to manage it very well to execute your plan and win the game or else your money would be lost, simple as that in my opinion.
But for me, both could be meaningless if you're not prepared, even if you're happy and decided to play gambling, you might end up being sad because you didn't expect that you're going to lose.
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