The only drawback of your system is that EVERYTHING is open. And the same Buffett will not want to make their operations transparent like millions of other companies and hundreds of millions of people.
I'm sorry, but we already live in a so-called "digital Gulag" where Facebook knows almost everything (including when you go to the toilet). And now you're offering the same for financial market.
Maybe it's easier to buy a Xiaomi (they like to sell every byte about you) right away and get a gps chip right in your hand instead of a passport?
I agree with that.Financial markets are dominated by "asymmetrical information",which means that people,who know more,profit more.If all the information on the market becomes publicly available,nobody will lose money,so nobody will win money,because the financial markets are a zero sum game and the profits of one trader "are" the losses of another trader. Only perfect markets have 100% transparent information about all deals and transactions,but in reality,no market is perfect. The vast majority of the people are (and will always be) driven by emotions,not by logic,which means that such system will never improve their lives,because they refuse to let go of their emotions and accept logic. |
|
|
|
|
If the people can get any benefit out of using Bitcoin then they will use Bitcoin,if they don't get any benefit,then they just don't use Bitcoin.Sometimes they make profits,sometimes they lose money.
Many people abandoned Bitcoin during the last few years and many people joined the Bitcoin community this year.People have free will and you should respect their free will.They choose what to support and what to dump.Whining about why people support Bitcoin is nonsense.
|
|
|
|
so my friend has money but not same bank as me he was different country but he wanted to give money to me and i need it fast so he bought bitcoin and i got money same day  he never used bitcoins and he thinks now its amazing:) btc really solved that situation that he had different bank then me and not possible physically to give money That's great.Did he pay a big transaction fee for sending the Bitcoins and what service did he use to buy Bitcoin?I assume that he paid horrible fees just to buy and send BTC,but I hope that buying BTC with fiat will become way cheaper in the near future. Having different banks in different countries doesn't seem like a big problem to me.He could have used remittance services like Western Union or Moneygram. However,it's always great news to know that one more soldier joined the Bitcoin army. |
|
|
|
A lot of cryptocurrency enthusiasts and investors are hoping for the day Bitcoin and some meaningful altcoins will be mainstream and also use by online payment giant like Paypal. Fortunately, the crypto community received an amazing news this year about Paypal integration of Bitcoin, LTC, ETH etc last month but after the announcement by Paypal Bitcoin have been experiencing a huge transaction lagging and ridiculous size of the mempool.
My question is there any perfect solution put in place fix this problem aside from the lightning network which i don't know much about cause Bitcoin will gain more traffic next year and if nothing is done now it may lead to some turnoff by some investors?
The quick answer to your question is NO.There's no quick solution for the transaction lagging.Lightning Network was supposed to be some kind of a solution,but it's still not user-friendly,so the majority of the people don't want to use LN,plus many people don't trust LN,because it's centralized. The only solution is to just wait for the price drop of Bitcoin,which will cause the transaction count to decrease as well.However,the BTC price might continue to grow until the end of 2020,so the blockcahin will stay stuck for the next 2-3 months. |
|
|
|
IMO I think the longer update time frame will always happen on any decentralized project (the larger/bigger community is, the longer it will take to happens). There's just no way to make it happen in one day since we have multiple conflicts of interest. If you want something to happen quickly without any "resistance" might as well stick with ICO projects.
Having a very low speed of implementation,due to the consensus required is one of the flaws of decentralization.If there's no 100% consensus,then Bitcoin Core can just be hardforked,which isn't necessarily something bad. I remember that the 2017 Segwit fork kinda helped for pumping the Bitcoin price. There is so much hype about the Taproot and Schnorr signatures and I hope that those changes will bring a lot of new members into the Bitcoin community,by making Bitcoin Core more private and secure. |
|
|
|
I think that you are searching for a conspiracy theory that is simply not there. Covid-19 is not an excuse,the Covid-19 pandemic and the recession are real problems.Central banks do the only thing they know,in order to solve the problem-money printing and quantitative easing. There's no conspiracy theory,central bankers and politicians are just stupid,incompetent and corrupt. There's no organized secret elite,trying to control the world.Rich and powerful people aren't that smart.  Climate change is a different problem and all the countries around the world are failing with that problem too. I don't think that the central bankers were using climate change as an excuse to print more money.This sounds ridiculous. |
|
|
|
What do you mean by "Bitcoin treated everyone equally"?Bitcoin is not a company or a person. A minority of crypto whales,miners,early adopters and crypto trading platform creators benefited way more from Bitcoin than the average Bitcoin user.This isn't equal treatment. The transaction fees were OK a few years ago,now they suck,but I hope that the current fees will go down,as the price goes down next year. Anyway,I really want Bitcoin to age like a fine wine and improve even further in the upcoming years. |
|
|
|
If you are NOT a fully legal US or European citizen, your Paypal fiat and crypto funds are ALWAYS at risk. So you think that US and European citizens are somehow protected and their funds are NOT at risk of being blocked by Paypal?Are you kidding me?The risk is totally the same.It doesn't matter if you live in the US or EU. Almost everyone with a computer and a little bit of experience online knows about the flaws of Paypal,so your advice is not needed.Millions of people know that Paypal sucks.Just looks at Paypal's Trustpilot score. |
|
|
|
usdc looking good team behind this is legit and solid.
the jeremy allarie circle if those guys was owner of poloniex the poloniex better also.
anyways USDC looking most solid stable coin out there and it works and i think it ready and i think its good time to buy this coin.
TETHER has off course bigger liqutatity but i dont trust the owners for me is important the team.
pax ? not sure but yea USDC looking good i think it will be the new currecny
Having a good team behind a stablecoin crypto project doesn't mean anything. The new "digital dollar" will be most likely created and controlled by the Federal Reserve System. Stablecoins backed by USD don't have the power and influence,in order to become "the new digital dollar". This forum topic seems like pure promotion of USDC,which is totally pointless.Stablecoins are being used only as a medium of exchange inside the crypto trading plaftoms.Outside of those platforms,the stablecoins are practically useless. |
|
|
|
Biden president times will create a inside demand of USA dollars.
It means rates will be slashed up a lot.
It means USA dollar on forex will Go higher.
As there will be less USA dollars.
Biden will make dollar strong.
But American economy will be weak
Everyone knows that Biden is the "Wall street candidate",so electing him will bring some sort of calmness and positive signals inside the financial markets and the US dollar might increase it's value in the short term. However,I don't believe that Biden has the power to "create inside demand for US dollars" or "slash up the rates".This is the job of the Federal Reserve System,not the president.The US president can't command the Federal Reserve to conduct certain kind of financial and economic policy. |
|
|
|
|
I can see myself accepting the "digital euro",if the transaction fees are low and the supply of '"digital euros" is somehow limited,in order to prevent inflation.Yes,people will have to give away their privacy,but this is the price we have to pay and there's no way to avoid it,without consequences.
However,I will never dump Bitcoin Core and the crypto world,but I will use it as an investment,rather than a currency.I assume that the central banks around the world will never accept BTC,so they will try to create their own CBDCs.
|
|
|
|
John McAfee has shared many details about his life in Spanish prison and chances of extradition to the U.S. He additionally claims to have regained control of his ghost cryptocurrency project. John McAfee is in Spanish prison awaiting his extradition trial after he was arrested in Spain. McAfee has been tweeting regularly from prison, he tweeted: “You want to know what prison is like. It’s like a Motel 6 run by Hitler’s SS,” "I am content in here. I have friends. The food is good. All is well. Know that if I hang myself, a la Epstein, it will be no fault of mine … Prison is an adventure to say the least." continue to read: https://news.bitcoin.com/john-mcafee-crypto-prison-tax-fraud-murder/John McAfee is in prison and yet he still has access to the internet?What kind of prison is that? Nobody cares anymore about this guy,except for entertainment.I can't take him and his opinions seriously. His "ghost cryptocurrency project" is most likely a potential exit scam.All the allegations against him are true. It doesn't matter if it's doing to be a Spanish or a US prison,he deserves to stay in jail for his crimes. |
|
|
|
|
We should welcome any form of competition(even the CBDCs),because with more competition comes improvement.
Having more competition will put some pressure over the Bitcoin Core developers to improve Bitcoin Core and make it even more user-friendly than before.
Mainstream users care only about convenience,not about privacy or decentralization.The majority of them will stick with debit/credit cards.We should raise awareness about the benefits of Bitcoin and try to educate more mainstream users.This is the only thing we could do.
|
|
|
|
How would we as a community put together a fund to donate to the Philippines using bitcoin?
I don't trust "donational funds" and crypto charity programs,unless the BTC are put in a multi-signature wallet,with multiple keys held by really trustworthy members of the cryptocurrency community. Another thing is having full transparency and consensus about where and for what the Bitcoins will be spent. Anyway,I think that the Philippines are going to recover pretty fast from this hurricane.Such storms are very common in this region and people are used to this weather. The pandemic and the corona recession are much bigger problems than a hurricane. |
|
|
|
I have noticed and we are all aware that so many people do complain that they were scammed through bitcoin. In every problem there is always a solution. How can we identify when a scammer is trying to scam.Let their be a strong system In such a way that scammers won’t be able to penetrate in. And can we pay more attention when someone complain about scammers.
It's pretty easy to recognize online scams: 1.When someone wants you to "invest in his project" and he is promising insane profits,then this is a scam. 2.If someone is offering a deal that seems too good to be true,then this is a scam. 3.Be cautious every time,when someone is trying to develop a relationship with you online.Scammers are usually very friendly and manipulative. We don't have to rely on a "strong system,because hackers/scammers can penetrate any system. We just have to rely on logic and reason. |
|
|
|
Mrs Ngozi Okonjo-Iweala gets the nod, she is the first Nigerian and first African and woman to lead the WTO (World Trade Organization). Securing this elective position means that qualified Nigerians and Africans can still be elected to hold important economic offices worldwide regardless of the bad run of corrupt officials holding top positions and many corruption and money laundering scandals.
It is our hope that having an African hold this very important position, will help point out the productive and market opportunities in the continent and in a long run help improve the economy of the developing countries in continent by spear heading for the revival of multilateralism and better trade deals for the developing countries in the region.
The fact that some man or woman coming from an African country was elected as a director of some world organization doesn't mean anything to me. The director of the World Healthcare Organization is from Ethiopia and so what?Did the healthcare systems in Africa improved just because the World Healthcare Organization director is from Ethiopia?I don't think so. African countries have great potential for economic growth,but they have to rely on their own will and resources.The IMF or the WTO can't help that much for further economic development of the third world countries. |
|
|
|
|
This might be fake news,but if this is true,I'm not an optimist for the future of crypto.
If Iran tries to use a cryptocurrency to avoid the US sanctions,the US will most likely ban that cryptocurrency.The US government doesn't care about the crypto industry and will not hesitate to conduct such ban,only for the sake of damaging the economy of Iran.
On the other hand,if Biden wins the elections,he might try to continue Obama's policy and improve the relationships between the two countries.
|
|
|
|
|
I have expected that the governments will try to make the crypto world as transparent as possible,but I don't expect this to happen soon.
The majority of crypto users,who are in the crypto markets just to make some profits will most likely abide by the rules and pay their taxes.
A minority of crypto libertarians,who sincerely hate paying taxes and giving their privacy away will jump into monero and use the dark non-custodial exchanged.
I agree that sacrificing privacy does not make us safer.Last year,there was a major data leak in my country's tax revenue agency and the personal data of millions of people was revealed online.
I simply don't trust my government,when it comes to keeping my personal data safe.
|
|
|
|
|
I think that many people will just waste their time mining a worthless altcoin on their smartphones.
What makes Pi different than a gazillion other altcoins?What's the point of waiting till 2025 for the project to begin?I simply don't get it.
The real question is for what purpose your phone's CPU is being used?Is it really for "mining" or something else?
|
|
|
|
|
The only thing we could do is to wait.
Sooner or later,the congested mempool will cause many traders to stop buying,thus reducing the demand for Bitcoins.The support for a price above 13K USD will drop,so the price will drop as well,due to the many traders starting to sell their BTC and cashing the profits.
When the BTC price goes below 10K,the Bitcoin Core blockchain will be free and transaction count will go down.This is just my suggestion.
|
|
|
|
|
Show Posts
