|
I just do not get what is the problem of "accepting" any cryptopayment whatsoever. Example: I want to pay my Tesla (that will never be true, just an example) with "dodge". I go to an exchange, conver my dodge to cash and pay my car. As simple as that or maybe even more with the latest Fintech options of payment. So you can already buy whatever the f* you want with crypto anyway, no need to ask permission for it, no need to suck Elon´s stuff.
|
|
|
|
|
What the majority of Altcoin CEOs will not tell you is one or several of these:
a) They still live with their mothers, even if they are 40 years old.
b) They had awful grades and little qualifications and that is not because they were "so smart that could not fit in the system".
c) They have little intention of developing the project, they just want to finance their lifestyle.
d) No serious investor wanted to put even a dime on their ideas, so they decided to go crypto and take their chances with the retail stupid money.
So.. yeah, DYR but do the right type of research.
|
|
|
|
|
A guess game really. To understand if it is still in the early adoption, you would first need to figure out what it a reasonable addressable market expectation, whether you would define such market in number of users or in transactions. My take is that not everyone will have a btc account and that it could even be that only 15% of the people will ever use bitcoin in which case you could argue that we are not on the early adoption. However that is just a guess, as we do not really know how the fully developed market would look like.
|
|
|
|
I honestly think that crypto will face a lot of trouble from the dictatorial regimes, ..
Rather than dictatorial regimes, I would say that regimes that are financially irresponsible have basically a fight or flight reaction to bitcoin. They either try to embrace it and corrupt it for their own goals or they try to ban it altogether - finding out that it is nearly impossible by design to do so. On the famous examples of countries that tried to pervert crypto for their own goals is, as it could not be otherwise, Venezuelan and ignominious "Petro". It does not get more shady than that does it? |
|
|
|
|
Recently I read about the divorce of Bill Gates and how the Melinda & Bill Gates foundation will continue with business as usual despite Melinda´s spin-off (off the marriage). This foundation manages 49 billion in assets, mostly from donations from the uber-rich.
While Microsoft does not have a particular fame for mistreating employees, most of the large companies, to some extent, are benefiting from market monopolies, questionable tax exemptions and in some cases questionable Human Resources practices. Does it make sense to you to first "take" from society by paying little tax and then doing philanthropy to "give back"? Sound to me quite cynic.
|
|
|
|
|
The curious thing about bitcoin is that the best way to spread the use and achieve widespread brand recognition - if you allow me to call it that way - is to make people understand that is actually a valuable asset that tends to go up in price with time as demand rises and offer diminishes. But yes, that is not the original intent, just a way to achieve the intention of becoming a global, not controlled, currency that anyone could use, for example, to give back to society.
|
|
|
|
You have too many rules to follow. Did you follow all that rules with yourself? Did you become rich after following that rules? I think, we don't need a lot of rules to follow in order to become rich. If you want to become rich, invest wisely (in bitcoin) and other valuable assets, spend your money wisely, don't be greedy and most important, you must have self discipline.
Yep, I agree, becoming rich is not as much as following a few rules, but about discovering a path that others have not followed, yet still looks promising and has a decent chance of success. I am of course speaking of people who are trying to build their own fortunes, not of people that have already inherited significant wealth or that somehow got to be "rich" by chance. In those cases, there are some rule that they can follow but still it would need an adaptation to the current times. |
|
|
|
This is exactly what me and my friend considered recently. We considered a few crypto operations there, mainly 2 things ; crypto mining and crypto ATM as well in few places, along with a few non-crypto stuff as well, such as Laundromats and vending machines, if you own the land yourself (like a few Laundromats) then you can put in bitcoin ATM machines and vending machines (and maybe even some coin pusher like arcade stuff) in front or inside of your business as well, and one warehouse for the mining operations.
We calculated we wanted 5 places total, 1 warehouse, 4 Laundromats, two in Toronto, one in Montreal and one in Ottawa, the Ottawa one looked like the least profitable business among them all.
We both have cars, and we both own our own houses, so if we sold 2 cars and 2 houses, we could afford to buy half of these right away, and the other half would be 20 year loan, everything ready and confirmed for us as well, bank was willing to give us the loan. Only thing that kept us from doing this was: fear. Debt is not an easy task, if you fail to pay it, you lose what you have on top of what you already sold. It is really not easy stuff. One bad year and you are done, own zero, nothing.
I would not call it fear, I would called being cautious. Debt is normally used for business that require large "CAPEX", that is, large spending on physical assets that usually preserve their value for a long time - like houses or offices buildings. Buying they assets your have described with a 50% leverage is perhaps a bit of a risk - so your have been prudent on your decision. They key question you should ask yourself is "how much could the drop in price of assets could be in the future" and then decide on leverage ratio. |
|
|
|
Now including countries like Bosnia, Ukraine, Georgia, Macedonia, Moldovia.etc is supposedly on the "pipeline", but I am not expecting any real movement for the next 20 years at least. Turkey is on a higher priority compared to these countries, and despite the romantic relationship between Angela Merkel and Recep Tayyip Erdoğan, they haven't yet made it in to the EU.
You have forgotten Serbia, Montenegro, and Kosovo as some of the candidates for the EU, and these are perhaps the highest priorities because Serbia outside the EU is increasingly falling under the influence of its Russian brothers, while pro-Serbian politics is in power in Montenegro, which together with Bosnia and Herzegovina, it is a real barrel of gunpowder that can explode at any moment. Turkey is a completely different story, they want to join the EU without transforming into a European country - which in my opinion is a mission impossible given Turkey's worldview.
But I hope that the world community will have enough strength, conscience and understanding to help Ukraine maintain its integrity, end this terrorist war, and become attractive for investments, including in the field of blockchain technologies.
And I hope that the EU and the US will have an interest in putting Ukraine under their protection and helping it get on the right track. Although there will always be some higher interests at stake, because no matter how much the US and the EU are publicly against Russia, I am sure they will never risk any moves that would cause bad consequences for them. At the end of the day, everyone is on their own - because when my country was bleeding under the attack of Serbian butchers in 1991, no one came to help, but we managed to defend ourselves - our Alamo was stand for 3 months, brave 1800 against 36 000 - 42 000 butchers. I think that the European Union, as much as US or any other large and well armed and commercially strong nation, are perfectly able to exert a great degree of influence without the need to incorporate the countries themselves into the European Union. Do not take this as racist, but the European Union should be very sceptic and wary about any country joining that does not really share the core values of Europe, such as rule of law, respect, democracy, etc... The EU is already having issues with Bulgaria on the sexual discrimination and bigotry and, in my view, should not ever incorporate countries with large Islamic groups of population, as Islam, as it is interpreted by most, is incompatible with the European core values. |
|
|
|
Great article on Bitcoin.com that people should read. Crypto has the potential to usurp the banks, allow private, digital transactions, serve as a universal currency, escape from rampant fiat inflation, etc. People need to wake up, be more active in politics and be stronger advocates against KYC. You certainly can use bitcoin as it was intended originally, but only for transactions that make sense in relation to the level of fees. That is the only reason I see to argue that it has lost the original purpose of easy peer-to-peer transactions, which was better covered by BCH. You do not need to pass any short of KYC to use bitcoin, that is for sure. It may be easier to do so, since when you buy bitcoin with fiat you are not following the spirit of bitcoin in the first place, that is, you are not using it for its intended purpose but rather just buying. |
|
|
|
|
The reason may be that they do dedicate lots of time to follow the sports and the cards tournaments and they are able to find opportunities hidden in the sand. Perhaps rather than a direct correlation, which could also be possible as everything in betting entails a certain ability to assess the chances and probabilities of events happening, is more about being in the "profession" of predicting and making money out of it. I would say that, in general, skills are specific for the prediction and generalist in the calculation abilities.
|
|
|
|
I have seen people gambling with positive vibes of them winning at all costs. I could remember when I started gambling, I was always optimistic of winning high bets that will later cool my mind and cover all my accumulated loses. I believe the same thing happens to other people making them to bet more, becoming addicted to gambling.
Some people could bet without even knowing the amount of time and money they have invested in gambling which could look obvious and call for estimation. I gamble a lot and sometimes I don't even know if it's becoming excess not.
Anything like excess gambling?
your life, your control you have to remember that. If you can't control your gambling passion, it will be very difficult for you to win. when you eat or drink too much, your body will be badly affected because of the effects of being excessive. manage your gambling time and funds and stop immediately after losing, do not borrow money to continue your gambling. My first thought is just the same: excessive is when you cannot control what you are doing, or at least have a good degree of control, and that is causing problems in your life. But on a second thought, I think that some people could actually go beyond what is reasonable and for their particular circumstances they do not feel adverse effects on their life - e.g. they have enough assets to cover the losses or do not have a family that depends on them. Still, they may be gambling excessively. |
|
|
|
Not every kid is like that kid, remember that if we force them to do things that we know they aren't interested in, they won't excel from it, it's just a good thing and a chance that this kid is interested in making these kinds of things. Of course teaching them good hobbies can help but we have to be careful not to drown them from expectations. not all children have the same interests and children who have an interest in coding are rare. when nft hype, many make quite unique, strange and interesting works imo but only a few are successful. i live in a multi-cultural area and the children here have different interests, some like playing games, studying (coding, math etc), gambling (not gambling like casinos) and reading books. It is rare that children get interested in code straight away, I have seen some "camps" that take them to learn basic coding, which is simply giving some instructions to an automaton, like the old "logos" programming language and drawing something on a screen or making a robot move. I would argue that coding as such is not coding until you have at least three variables. Anything else is just kids play, which is educational, but just that. |
|
|
|
It is claimed that Sevilla are willing to sell Jules Kounde now. But it looks like Chelsea are not very willing to sign him as they don't want to meet his £68m release clause now. I think that it is really too much for the 22-year-old defender. But Chelsea have no choice rather than this one if they are certain to buy him. I can't actually call this as Sevilla are willing because then they would have a more merciful asking price.  Looks more like a fishing expedition rather than a honest attempt to catch the player. Most Spanish team, particularly the large ones, are now on a spin since they just got some fresh money and if there is one thing in the world that they know how to do is spend huge amounts of money, sometimes poorly. I think that Chelsea and Seville are simply not in the same wave nor have even remotely a way of getting an understanding, and that is from someone who know people on Seville and Chelsea. |
|
|
|
|
Two thoughts on this one: Firstly, any sentence that has the word "children" on it should not ever be in company of "sex", "drugs", "gambling", "working",... You know what I mean. On the other side, each age and even each culture is a different world. You have kids that are mature with 14 years and you have other that are 17 (or 40 for that matter) and have little control and responsibility over themselves.
But there may be something good about getting ripped when you are 14 following a shitty youtuber scammer - you will not be able to loose a lot, as you cannot really open an account in most places if you are underaged, and you will rarely loose a large amount of money because you probably don´t have it anyway - yet you will learn a valuable lesson for life.
|
|
|
|
|
I see absolutely no legal concern whatsoever on betting just because the competing teams or athletes are disabled or, how is now called, "diverse in abilities". It is as ethical as betting in women's games, men's games or any other competition that aims to stretch the human limits and to find out how far can hard work, science and determination take the human natural limitations. In the case of Paralympics it is, if any, even more inspiring than the usual olympics.
|
|
|
|
|
It should not go up forever, once the demand and use is widespread, it should progressively become more stable or its value should go up, but maybe not as much as other alternative investments. Like everything else out there, growth is never unlimited. Perhaps the difference is that if bitcoin reaches an overprice or bubble it may be quite difficult to identify due to its tradition of being a very volatile asset in general. That is where the investors that have a hint have the upper hand.
|
|
|
|
They can't, crypto isn't a stable asset it's highly volatility and far different from money, it's going to be hard to see crypto and medium of exchange really because the volatile part doesn't guarantee anything
Inestability is not a real problem, banks have worked with mortgage backed securities in 2008 and everyone knew that these were not really stable not worth much for that matter, yet still they sold them around until the last fool standing saw them drop to zero. Anyway, crypto can be used as any currency with fluctuating value - that is all of them - even banks will use turkish liras and the like when their clients demand so, so crypto is not different nor should be. |
|
|
|
|
On the ground, there are many developing and even semi-developed countries in which the citizens are using bitcoin as a daily routine. I am not sure if these countries will ever be as open minded as El Salvador, because at the end of the day having control over your own currency, even if is the shittiest currency ever, allow you to control your economy in a way that is simply impossible with bitcoin. Among other things, you can pay your public employees such as teachers or police with basically cow crap. Going to bitcoin for that is not an option.
|
|
|
|
What's the purpose of the negative interest rate.? Is it deliberate to encourage borrowing and stimulate growth? And who lends the money, government, banks, regular people etc? I assume typical profit oriented lender would lend in anticipation of profit.Or does the lender profit in another way?
Exactly: negative rates are a punishment for holding your own money in the bank account instead of spending them helping the economy recover (I have actually forgot which crisis should they recover from...). Saving is not a virtue anymore. To add to this, the lending of money is done at different levels. There is a banking lending, retail and business, based on a fiduciary model mostly, in which the banks lend a multiple of their deposits. There is state debt lending, referred usually as "interest rates" in general, which is the price the government pays for its debt. There is also an interbank rate for lending. Usually, these are all linked together, negative yields for state debt may lower the rest to negative. I do believe that you should not extend it for that long ( 25 years!! ) You might have to give a lot of compound interest that way. But rather, you need to organize yourself, the assets are only worth it if they are not burdening you.
As far as I know, if people want to take out a debt with a maturity of 25 years so as not to burden the interest, the chosen interest is fixed interest and not compound interest because it will burden the person. Even though the asset value will definitely increase, compound interest will still be a hassle. Choosing compound interest is for savings, not for loans. Like the concept of a home loan, there is still a choice of fixed or single interest and compound interest. You seem to be clueless about how debt works. It is always compound, simple interest is not used on loans 99.9999% of the times. |
|
|
|
|
Show Posts
