Bitcoin Forum
July 12, 2024, 03:03:02 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 [171] 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 ... 319 »
3401  Economy / Economics / Re: Bitcoin as a speculative asset or as currency on: August 02, 2021, 10:13:13 PM
Is Bitcoin still yet a speculative asset or a store of value? I think people will have different opinions about this.
Also bitcoin high transaction fee, is it not related to this? Because the lower the fee the more Bitcoin will fit into the currency category.
I don't know much about CBDCs at all, but I'm pretty sure they're not going to be a good thing for anyone other than banks and governments.

With respect to the question above, this has been asked and discussed so many times on the forum that it probably doesn't warrant another thread.  You're correct that people have all sorts of opinions as to whether bitcoin is a store of value, a currency, an instrument of speculation, or whatever--and the truth is that it's all of these things (which is why it's kind of silly to even argue about it).  However, as far as the store of value function, I'm not quite sure how good bitcoin is in that respect--but only because of its notorious volatility.  It's certainly not a safe-haven asset like gold or silver are, but it can be used to store value.  The problem is whether the value is going to drop by 30% overnight or go to the moon.  Bitcoin has a tendency to go crazy in both directions from time to time.

A long standing discussion yes indeed. The original idea behind bitcoin was to use it as a means for transactions, peer to peer, not fully anonymous but not fully named, uncontrollable and unstoppable. After a few considerations, the community did not reach an agreement so some bitcoin forks occurred, namely bitcoin cash being the most notable and oriented to a lower fee, making it similar to a currency.

As for bitcoin, there are two main reasons to consider it a store of value. Firstly, it is a fact that the amount that is traded is low in comparison with the stores. Secondly, the blocksize is limited so in case too many transactions occur, it actuates as self-regulating brake.
3402  Economy / Economics / Re: On Cuba and economy on: August 01, 2021, 02:09:27 PM
...
That I have no clue about.  It's not as though we have a Cuban local board here (right?), and I don't really know how much crypto has caught on there.  Does anyone here know?  If I had to guess I'd say that it probably wouldn't be very popular with the government--at all--although Cuba's currency isn't suffering from hyperinflation, as is the case with other countries like Venezuela and others.

As far as funding insurgents....I still think cold, hard cash is still the way such things are funded (though that's another thing I don't really have too much knowledge about).  Cash is still as anonymous as it gets.  Even with bitcoin, there's a trail of money movement.

Re local Cuban board, that would be funny. The whole Spanish section of the forum is used by a few people only, but it is really good because we can talk about the topics with people who actually care. A Cuban section would be there, however I am not sure that Cubans would really be able to speak freely or at least to do so without a certain risk.

Cash is not really anonymous. You actually either make a transfer, and has your name or you give it in hand to someone who sees your face and can potentially be recording you.
3403  Economy / Economics / Re: Stablecoins 101 on: July 30, 2021, 06:50:26 PM
I take it that you mean volatility other than the one you already have when buying with USD? I think there is a mix of things in your post. Firstly, temporal volatility that happens when the order in not executed immediately. I do not see how that can be an issue if you have an account in coinbase or any other for that matter where an order is executed in seconds.

Then you may have currency volatility, which is high no matter which fiat you choose. Since a stablecoin is pegged to USD, I do not see how does its use improve this. I think I am missing your point.

---

As stated in OP. Banks and stablecoins are the two main paths whales use to purchase bitcoin and cryptocurrencies. A rise in tether purchasing is correlated with increasing bitcoin demand and buying volume. It seems many journalists write about tether and stablecoins without comprehending the basic roles and principles defining how they're used. It leads to uncertainty and many false allegations being made towards bitfinex/tether. Both of whom are very misunderstood.



Whales using banks and delayed orders? Is there any proof or verification of that? Whales will have one or many accounts or use a trading firm.
3404  Economy / Gambling discussion / Re: Gambling on friendly matches on: July 28, 2021, 08:49:56 PM
In friendly matches it may be more difficult to really ascertain the teams strength because in many sports, particularly in soccer, motivation sometimes weights more than raw quality of the players. In a friendly game, it is much more difficult to figure out who is going to put more effort into winning. Also, some teams tend to play harder than other, and during friendly matches that may be much less and would result in a completely different strategy and possibly a different performance. Overall, I think is more difficult to predict.
3405  Other / Serious discussion / Re: Blood Pressure, I donīt understand it. But I want to. on: July 28, 2021, 08:17:11 PM
Simple to answer: you get frequent headaches and your chances of dying of an aneurisma popping in your brain are high.
3406  Other / Serious discussion / Re: Copper - a 5-year investment for those with no capital. on: July 28, 2021, 08:15:38 PM
I'm interested to see that videos about copper coin collecting are starting to appear on You Tube as an investment metal alongside gold and silver. My opinion is that it probably ranks behind platinum, but that seems to be less popular.

When copper doubles in value next year, remember you read it first in a "Jet Cash" thread. Smiley

No, when that happens I will show you my stock ownership certificates of copper mines. They fit better in my cabinet than physical copper.
3407  Other / Serious discussion / Re: Do you think there is a COVID treatment that is not available for all? on: July 28, 2021, 08:13:22 PM
I personally think there are things (including various medications) that are not available to ordinary mortals. This does not necessarily mean that they are hidden from the public, but that their price is such that very few people can pay them. If you are powerful or important enough (like the president) then you definitely have the advantage of getting such a medicament.

As for monoclonal antibody therapy, it is ethically questionable in the first place because it uses fetal tissue cells (from abortion) and in 2019 the US authorities suspended funding for such research - but that does not mean that it is not funded by private money. Trump received that therapy as they say from "compassionate use".

Monoclonal antibody therapy

This is a combination of antibodies, made by the company Regeneron, which mimic our own immune response.
The antibodies physically stick to the coronavirus so they can't get inside the body's cells and they make the virus more "visible" to the rest of the immune system.

Regeneron's treatment was developed using cells derived from an aborted foetus, which are used to test the antibodies' ability to neutralise the coronavirus.

The Trump administration suspended federal funding in 2019 for future projects using foetal tissue from abortions. The cells used in Regeneron's treatment were from a foetus aborted in the 1970s, so predating that move.

Last week, the company published results on its website showing the cocktail reduced the amount of virus in the body as well as the time it took patients to recover. However, this was in people who did not need hospital treatment and the data has not been seen by scientists or doctors.

The approach makes scientific sense and there is huge hope it will be effective. However, the evidence in patients is still very limited and these monoclonals are still classed as an experimental drug - clinical trials are ongoing. The president is one of only a handful of people outside those trials to undergo the treatment under what is known as "compassionate use".


I am aware that "compassionate use" is used for a range of medicines that somehow are know to provide a healing or mitigating effects yet have not undergone the full testing procedures. Obviously, people who suffer the illnesses that can be treated would recur to the black market or to other countries if denied their medicines at home and would be ripped off in the process.

That would be the perfect legal loophole to apply these high-cost not widely available medicines to specific people who can pay for them and have access to preferential treatment. I am thinking of two presidents now.

3408  Economy / Economics / Re: Bullish: 'Vast Majority' of Institutions Will Own Crypto by 2026: Fidelity on: July 28, 2021, 01:26:08 PM
As usual, my take on anything that Fidelity, Morgan, Blackrock or any other of the large wealth managers is the same: If they say buy "x" means that they already have a position in "x". Bitcoin is not different, the institutions will have bitcoin as it will serve a purpose and will dump bitcoin like a bounty hunter if that is in their benefit. Bitcoin is what it is thanks to all the community and we should be wary of strangers as their recommendations are no better than those of a shark advising fish.
3409  Economy / Economics / Re: Bitcoin is key to the future of Twitter, Jack Dorsey says on: July 28, 2021, 01:16:30 PM
Am I the only one who thinks that the strengthening in the crypto market is motivated by Jack's recent conversation with EM and Cattie?  Initially BTC, which was stuck at 32k USD, slowly rose to 37K USD, and this was quite awaited by investors and traders even though their conversation could also be seen from various sides, whether it was pure without any other agenda or there was another meaning behind the conversation.
It could happen, but we don't have accurate news yet. on the other hand we see that bitcoin has decreased by more than half. therefore it is not surprising that traders and investors start investing again considering that this is the golden area to buy on the fibo line

Today the market is moving up so the price is almost $40k, I'm sure buying will continue and bitcoin holders must be patient not to sell so that we get big profits, rest assured that a bull run will happen soon.

Why do we end talking about the price everytime that one of the CEOs of large companies talk about adoption? I believe that future growth by use embedded in these platforms is not a great strategy for bitcoin. Yes, I do agree that they would represent a great backing but they are serving the people and that is were adoption should be focused. All large platforms are unlikely to use anything that they do not control and if they do, eventually, they will try to effectively control it.
3410  Economy / Economics / Re: If you can get paid through cryptocurrency, do you still choose fiat currency? on: July 28, 2021, 01:11:15 PM
I am actually paid in both, but most of my income is fiat. It is not much of a problem to convert if I need to do so and, being honest, real world prices in fiat tend to be more stable and predictable, at least in the short term. You could argue that you could also convert from crypto to fiat, but it is a question of covering your expenses in the currency these are indexed to. It would make the same sense to get paid in Yens when you live in France. Inevitably, you would face variations in your budget.
3411  Other / Serious discussion / Re: Will vaccine passports lead to the demise of vaccines? on: July 28, 2021, 01:29:21 AM
Well I don't see Covid as an evil, but I think the people who created it are. So my choice is between a system that has been round for thousands of years, and has helped humans to become the potentially healthy creatures they are.
...

Again, fully confused by New Age gurus you are. People are not "naturally healthy", the life expectancy before there was anything that could be called medicine was 35 years and it still is in countries that cannot afford modern medicine. And it has only increased thanks to science, not just because the humans have become stronger.

Look



Now focus on on 1928 and how the curve goes crazily up. You know what is that? Fleming discovering penicillin. That is what true science and "pharma" do when correctly used. An now, do you see an sensible increase for some regions around 1880? That is Pasteur creating the science of immunology thanks to which you are alive. Donīt bother to go along the line of "I have never taken antibiotics"... your parents and ancestors expectancy of life would have been nil without these.

3412  Other / Serious discussion / Re: Do you think there is a COVID treatment that is not available for all? on: July 28, 2021, 01:20:44 AM
Covid is only a health risk if it amplifies existing life threatening disease. Those diseases should be treaterd and prevented, and we should stop using a minor Corona Virus to distract us from the main threats to good health.

I can only imagine what you would say if someone got so off-topic in one of your posts. My query remains, is there a therapy that is very expensive, quite effective and personalised for each individual and available for just some people?
3413  Other / Serious discussion / Re: Will vaccine passports lead to the demise of vaccines? on: July 27, 2021, 05:53:16 PM
How many vaccinated people actually understand the so-called science behind it?

I have a healthy partner who is currently caring for her younger sister, who is struggling with the results of failed cancer treatment. My healthy partner is interested in natural remedies and good diet, but her sister has embraced the myth of beneficial pharmaceutical drugs.

I'm not a hermit, and because of my lifestyle, I'm exposed to a wide range of infections in a diverse selection of communities. I believe that this has allowed me to build a robust immune system, and that I am beneficial to society, as I am killing and destroying many of the pathogens that the vaccinate pharma slavers fall prey to.

I insist that you choose a community in a COVID plant and have a traditional cuppa with them. Better if all you actually use the same cuppa to test your theory.

Re the failed treatment, I sympathise with your partnerīs situation, it seems similar to one in my near family. Precisely, no one that calls himself a rational scientific will ever argue that all the answers have been found and that science and pharma have the solution for everything.  However, when a scientific truth is found and accepted by the vast majority of the scientific community it is because, as far as humans can reach "truths", that is one of them.

I perfectly understand that if there are no answers to an specific problem or those answers are insufficient, people try to look for alternatives and experiment with themselves. I would do exactly the same and I am not blind to the benefits of natural remedies and good nutrition (hint, is not a full English breakfast).

In the case of the vaccines, it is very clear that 1 year of testing is not enough to give full certainty of their efficacy nor of the long term effects. That is science. However, there is a long stretch from there to saying that is better to remain exposed to an illness that is perfectly known to be highly contagious and is know to cause enough ICU intakes as to block the sanitary system. Sometimes you have to choose the less of two evils, is as simple as that.

Now you are free to go into a denial "there is no problem in the ICUs, it is not really contagious, I am immune because I eat organic carrots, ....) and that is where you are going against truly established facts and your opinion becomes basically irrelevant.
3414  Economy / Economics / Re: ECB starts 24 month digital euro project. on: July 27, 2021, 02:40:39 PM
If and when the BoE launch a CBDC, will anyone outside of the UK even care?

If we exclude the British territories and countries that depend directly on British Aid, probably nobody will give a damn.
Maybe tourists?  Grin

Perhaps it's driven by the point stompix made above. If the Fed comes out with a proposal for a CBDC, then they have to take it to Congress and get it to pass a vote. If the ECB comes out with a proposal for a CBDC, then it has to be disseminated to 19 (or is it all 27?) member states, any one of which could veto it. They need to be sure they get it right or it'll never pass.

It's a CBDC tied to the euro, so it will be a question of the Eurozone 19, not of the whole EU, but the voting things still stand as I said before, any country could veto it at any time, plus I just read an article on how some countries have it in the law (or constitution) that the euro is the only legal currency, but the wording is so bad that it will need a re-write to accommodate a digital currency, Germany was given as an example but I really didn't get it, the quote was something like "euro banknotes are the only unrestricted legal means of payment" so assumingly this would need to be changed also in short, More headaches!

5 years is too long. they'd be taken over already by the adoption of stablecoins before they could test out to one city in their country. Chinese CBDC may have already spread out in a matter of months even in Africa.

I've read some news like that at the start of the year but it was just rumors and what-if questions, and then there was silence, anything new?

I do not think that is a new currency at all. It would be the equivalent to say that the Euros deposited at a bank are different from the Euros that have in your wallet. In fact these euros are more different than the ones that would be emitted as electronic since the banks are entitled to print their own money by lending more than they have in deposits. The Euro will be the Euro even if it is stored in a different way, there is no need to submit that to the 19 on those grounds. The initiative may however require a certain level of acquiescence from all the countries involved, but IMO not any constitutional changes.
3415  Economy / Economics / Re: Will some companies like Amazon really 'store' Bitcoins? on: July 27, 2021, 02:33:25 PM
In financial terms, bitcoin is just an alternative asset and is only interesting for companies that want to make bitcoin an investment vehicle. Other than that, these business will probably hold just a small quantity of bitcoin or other just as they hold a certain amount of cash to serve trading purposes. Financially, companies try to minimise the amount of cash they have and tend to buy short term debt to simply keep it for a while.

My take is that bitcoin is not going to get a preferential treatment, at least not immediately.
3416  Other / Serious discussion / Re: Will vaccine passports lead to the demise of vaccines? on: July 26, 2021, 09:10:53 PM

Crap. now that I know that you are 78 proving you wrong is no longer fun.

Surely my being 78 with no health problems adds veracity to my comments. Smiley

See, that is exactly the problem of people that have a vague idea of what a proof or what science is.

I would prefer to be in a plane load of unvaccinated people, than one that is full of people with reduced immunity, and thus other health problems.

For example, one case does not make a rule. I insist, you should stress test you theory going to a COVID plant. What could go wrong?

I am happy that there are vaccine passports. I sincerely hope they start asking for those in all public places so I do not have to share the same air in a plane with people who are scared of science because they have only weird ideas of how it works and what it is and think that they are "naturally immune".

You probably have not contracted COVID because you do not have any active social life, which is a shame if there are some nice ladies in their 80īs in the vicinity as you mentioned in another post.
3417  Other / Serious discussion / Do you think there is a COVID treatment that is not available for all? on: July 26, 2021, 09:06:22 PM
I have heard rumours that certain people, including a president, were treated with monoclonal antibodies, a therapy that is not widely accessible and is extremely expensive. Anyone knows about this?
3418  Economy / Economics / Is it easier to HODL if you are already rich? on: July 26, 2021, 09:00:07 PM
One of those successful cases of bitcoin hodling was a friend of a friend. They (a couple) took an important risk by investing 60k of a dismissal compensation into bitcoin and making a x100 on it before selling half. I do not know what they did with the rest. Now, these people were not rich, they took an enormous risk compared to their total wealth. They had to really believe on the project and pass though some of bitcoins usual "tests of faith".

For someone with letīs say, a net worth of 1M USD or more plus house, hodling 60k until they became 6M would have been not that much of an stress. Do you think it was easier to benefit economically from bitcoin if you were already a bit up in the ladder?
3419  Other / Serious discussion / Re: Can a poor man get his chance to be rich in Crypto? on: July 26, 2021, 08:49:07 PM
Simple answer, if you could spend 10 USD in 2011 yes. So it was accessible to everyone, it is just that to be in the loop you would probably needed to have the right interests and perhaps know the right people at the right time. Individuals claiming self sovereignty, cryptohackers, cypherpunks, doctors in math, ... all these got a better chance on jumping on the project early.

The thing is that for someone poor, it would have been very difficult to hodl when it made a x1000 or a x10,000, since that amount would mean a life change for the person.
3420  Economy / Economics / Re: USA algorithm to deal with world on: July 26, 2021, 08:42:16 PM
The united states is the richest and most powerful country in the world.

Which provides a powerful motive for lobbying and influencing its leadership and intelligence agencies. Many actions credited to the USA were conducted on behalf of foreign special interests bearing gifts. As is common with american politicians who promise to "tax the rich" having net worths greater than $100 million. People hold america accountable. But in reality, its strings are being pulled by foreigners subverting the power structure for their own campaigns.

A rift is forming between the majority of americans and special interests who have seduced many with power in leadership positions. A silent struggle which has been brewing for many decades. If you ever wondered why many strange events occur in the USA, which are uncommon in the rest of the world. Its due to the secret war being waged for control of the country.



Would not say secret at all. Most of the lobbies are well know and most of the campaign funds seem to be public. I am not so sure of how strong is foreign intervention in US politics compared to internal intervention. I am not naïve, even though the laws prohibit foreign donations and there is a limit to individual contributions, I am aware that there are ways to circumvent this, however it is also true that the press, the opponents and the whistle blowers are there.

At present, declaring that the USA is moved by foreign interest does look like a conspiracy theory. Some influence, maybe, that is all. Many strange things happen everywhere, it is just that only the ones in USA make the headlines.
Pages: « 1 ... 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 [171] 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 ... 319 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!