To develop a new economic system, we must start from scratch, from the basic concept of who owns the means of production? How the goods allocated? Etc.
DeFi is capitalism as you own the token, nothing new. You also have this interest from lending.
If what you mean is a new monetary system, then DeFi is just like the present system. It's not decentralized. Supposed it is decentralized at the time of launch, human nature will push the system into oligarchy/monopoly (more and more concentrated over time). That's how countries and central banks formed.
It can work in my opinion, the only problem is that we do not have a lot of special economic zones to do this experiments in financial technology, if we found a way to create experimental economic zones, I think that we can tweak it to make it work fair and just. One promising way to solve this problems is creating seasteads which are operating in international waters and from there we can try and experiment with a some theories that could improve human condition in theory. |
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What do you mean by reseaarch? Watching a couple of Youtube videos? Can you show us a projection chart if they follow Finland's system? Do you have data to back up this charts? If no then all that idea you just proposed is a wishful thinking or just a bunch of horseshit. The better solution for US economy recovery is to cut back on military expenditures, impose a bigger tax to high income individual and corporations and a slight increase in tax to working individuals. They do not have a data but this suggestions are pretty straightforward.
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This Uptrend of Bitcoin price now looks like legit as the Companies that investing inside are truly remarkable with a real product not like in 2017 that it is more on Bubble and hype ,this time we can see that the value is standing still even after reaching the another ATH.
So for me my prediction is not far from yours because at least doubling the Value each year for 2 consecutive years.
More companies means that more bitcoin are on the hands of corporate cronies than individual hodlers, this means that in the long run, the price hike or dip of bitcoin is in the mercy of the whales and calfs(young whales). I would say that it will be a bad thing that more corporations adopt bitcoin. If the valley from 2017 is replicated then it means that the next 3 years will be the same. |
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At this stage of the game, I would advice you not to buy even if you say that it will only sting. Remember that it is still a sting, the best course of action is to wait when the dip starts because that will definitely happen, it will not sting because you know for yourself that it will dip and just buy more at lower prices, you will have more money in the long run.
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Bitcoin price is hard to predict where it will go. We could only prepare for anything that could happen to bitcoin. Even if the next thing that can happen to bitcoin is a dump, we don't have to panic to know what we will need to do. The price now still at $19k, and we are on the weekend, so we will see what will happen to bitcoin in the next week. If the next week, the bitcoin price does not increase, perhaps, the price will just stay at a price now, and it will down for a while, and back to the current price. But bitcoin still has a chance to make the new ATH soon, so we need to wait for a while.
It is in a way difficult to predict but not that much, if you look at the price from 3 years ago, they share the same valley pattern that could be an indicator on where you want to sell you bitcoin at some point, that is just my theory so it is baseless, the last ATH is at mid-December so we can expect that at around that time maybe the new ATH will happen. |
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I'm not at all surprised by his statements, because the man has invested a lot of money (his personal and company) in Bitcoin, so it is logical that he sees fiat as a melting ice cube, and gold as something that will lose its meaning when Bitcoin positions it as digital gold. I don't agree that gold and Bitcoin can't coexist, these are quite different things that may have only one thing in common in being considered a store of value. Everything else is completely different, from the fact that gold is actually in immeasurable quantities, that gold is a physical product, that it is not easy to transport and use for transactions, and that it has its applications in different industries.
Gold has been in the market for thousands of years, and I don't think anything will remove it so easily from its position. It is not at all disputed that the new generations will be looking for something new, and that some see it today in Bitcoin, but gold will keep its standard for a long time.
If someone threatens what you cherish the most, I think that you will always be on a defensive. I do not agree with his statement because that would mean that there will be a monopoly of valuable assets which is not a good thing for the most part, it kid of defeats the purpose of decentralized finances in a way. The only thing that will remove gold in the market is when there is an abundance that you can just pick it up in the streets and that will be an impossible scale because gold has other functionalities other than luxury and investment. |
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Yea.. scam advertisers on the big social media sites(FB, IG, Twitter) isn't really anything new. I'm more surprised with how they're still actually trying knowing how publicly known that such scammers exist. One dude was even trying to sell me a freakin mask.  There are FB groups that are created without ill-intent but you can see that almost everyone there is either bots, fakes or cons that promote their scam platform, pretty sad that the moderation policy of FB groups are a joke, the reason that this still exist is because victims do not report the scam so most people think that there is nothing wrong with that project. |
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The Press section is an unmoderated mess. The fact that the CoinIdol News bot is still spamming their links and hasn't yet been permabanned is proof enough that no one cares about it. Time to close that board for good.
Sad thing that the only for spams is to close down the board. I believe that there will still be change and hopefully some way can be done to keep the board intact like having mods to regulate. I am not frequent visitor in Press but I do see that as an oppurtunity to report a lot of possible spams. |
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The only way that these attempts can't succeed is P2P trading or meet ups to buy the coin. It is a sad thing that crypto companies are still companies after all, they do not want to change the system, they know that it is broken and getting in would be the best thing. There are good things about it though, with them tied to central authority, money laundering and terrorist fundings will be almost impossible, besides that there isn't much to like about it.
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If you can do it, make it a P2P trading with individual so the money doesn't have to go through financial channels that could raise some eyebrows. And if you do it, make sure that you do not blow all the money on shit you do not need, forget the wants for now and focus on looking like you only can get by for some weeks.
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The chances of fiat money losing value wouldn't happen because the government is just going to print more and more money, and there wouldn't be any shortage of cash. It's just the value of it. BTC had already overtaken it even before it reached ATH. The value per bill is less than the actual value it has for sure, but it's the paper bills that cost more than the bills over time.
I'm not sure if that's what you mean, but that's what I thought about.
I think you got it wrong about fiat losing value. The more they print, the lesser the value, that is why many people objects about the 2 trillion stimulus package, this will devalue the money. Remember Zimbabwe and Post-war Germnay, they printed a lot of fiat and they all went into hyperinflation. |
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380 users is a terrible data set to work with, and when its concentrated to a very specific categorization of users its even more worthless. Honestly, I have very big doubts that 10% of users using Paypal, trade Bitcoin using their app. Any serious user of Bitcoin would have already know that Paypal fees are kicking your butt from the get go, and there's far better services elsewhere.
Usually, 1000 is an OK number, but basically the bigger the data set the more telling the results.
380 is a lot of people to be fair, the larger the data set, the longer it takes to complete the survey and not to mention that they need manpower to conduct the survey. I do agree and it ticks me the wrong way, how in the hell these users use Paypal as a means to trade when they are bombarded by hate from the other veteran users from the start of their integration. The best that they could do with the small data is that they should have gathered it in one state instead of spreading it across US. |
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Big money is entering. Rich people are telling their rich friends, it's a positive feedback loop.
If you own Bitcoin now, you've front-run the remaining 99% of Billionaires.
Bitcoin is easily go to a couple hundred k over the next year or 2.
Under $20k is cheap - I continue to stack every day.
Try to remain humble, things are about to get crazy.
It is all fun and games until every rich people go for this and hodl. I do not like that they all take notcie of this, I am sort of gatekeeping. This attention will lead to the interest of the government to scrutinize bitcoin and other cryptocurrency, I believe this will be the reason that the purpose of bitcoin and other digital currency will change drastically. |
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I buy and sell BTC in hamburg Germany. If it interests you let me know.
There is a German section on this website where you might get more responses from if you post in there. My advise is you move it to that specific section of the forum if you are really interested in to buying and selling BTC. OP also should post another topic in Marketplace because there isn't a lot of active users in Local Boards as far as I know. If OP reads this then you should do it to garner more audience and if possible customers. |
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As long as you don't help anymore and you're already on the rise, you can help other rise as well.
But if you're fine doing it while you're at the bottom and you're also struggling with your problem, you're too kind to do that. I believe in helping others as karma will also return the favor to you as you become a blessing to others.
Although not all the time people will be there for you in times of need.
I think you still should help at the best of your abilities even if you are not yet at the top, this helps can be a stepping stone or connections that will prove worth it when the needs comes. If you are already at the top then it is in your best interest that you are helping people, put it this way to make altruism the best possible path. When you help a lot of people, there is a chance that some of those you helped pioneer new technologies and sciences, that will help you. You might help someone to study and that person might be the one that will find a cure to cancer, you have a spot in that person's heart when you get that cancer, you will be the first to taste that victory in a way to pay back the deeds. This is known as Egotistic Altruism. |
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Well what do you expect, that's the long arm of the US DOJ, but as per report he is also a US citizen so no doubt that he will be extradited to the US to face the charge.
Just check what will be the sentence for money laundering offence, and it says up to 20 years in prison. So he could be looking at long years behind bar if found guilty.
Funny how they are chasing after this ponzi schemes when Herbalife and other prominent politician acquainted MLMs are still operating in the United States. You know that they will only attack those that do not bend to their will to kiss their bureaucratic ass. If only AirBit Club lobbied with this greedy cronies, they wouldn't have a problem with this. |
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The news is comfortable and good to hear but here is a problem probably.Visa is a worldwide payment method or card for payment system and this is totally linked with banks. If this is going to happen then I have doubt that it will be somehow a track by the government about crypto uses.
It is good that they are offering cryptocurrency as a rewards. In my opinion though, airline miles is still the best reward in this position. The amount you spent on traveling is dramatically decreased by having airline miles rewards, plus you can spend more on the where you want to travel. And you also given another problem about authorities tracking the transaction, I do not think that you should be worried about it, even if you do not have that, everything about is already available for the government to look at starting from the day you were born. |
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Regardless of which university accepts cryptocurrency as a tuition payment system. I personally think that the university has identified Bitcoin as the spearhead of new technology. however, even when using a third-party system, in fact the additional fee involved is only one percent if paying with Bitcoin, which is much lower than if they were using traditional payment methods.
The only one benefiting in this side of transaction is the universities. You see, when the price of bitcoin is lower, they will increase tuition to match the fiat value of that tuition and when the price is high, they do not have to do anything about it because they still have a degree of authority to the point that it will be difficult to ask for a rollback in tuition. The only I see that benefits the students is creating a system where you can choose whether you want to pay crypto or fiat, this is difficult too as universities will want their big piece of the pie and will do anything in their means to profit. |
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I don't condone scamming, but newbies who throw money into crypto without a shred of research into credible vendors, and consider their means of storage are usually the ones to fall first when it comes to scams, especially the social engineering type.
If they have been a victim more than twice then I think that this so called newbies does not deserve pity. Social engineering type of attack is the most difficult one to spot because attackers invest heavily in emotions to let your guard down which clouds your judgment because you invested heavily in emotions too. Remember how ILOVEYOU virus become the most damaging virus, the attacker used social engineering. |
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Sa ngayun I call $20k as the current resistance level. Going sideways pa tayu sa ngayun. Unpredictable talaga yung market ngayun. Sa tingin ko kasi normal na yung pagbaba ni BTC at iba pang crypto once a certain event has launched like yung Ethereum 2.0. May mga events kasi na days before the launch, the price would go down before it starts pagangat ulit. Yan ang observation ko sa crypto movement these days pag meron mga certain events that would happen. Opinion ko lang.
Sana mabreak yung resistance and sana mag persist yung pag-angat hanggang 2021 para hindi gaanong predictable yung next time na mag bull run yung price. Hopefully, yung mga events will benefit the price of bitcoin in the market. Kung mangyari na ireplicate lang ng bitcoin ang 2017 valley then we will know when to hodl and when to buy one. |
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