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3961  Economy / Economics / Re: USA will survive the economic crisis if it becomes a socialist country on: August 20, 2020, 01:33:33 PM
Socialism is a very flawed ideology, if USA ever goes to that point, I do not think that it will solved the problem, this was the reason that Venezuela's economy collapsed, they favored this kind of ideology. In reality, this will not happen in America, the RedScare is too ingrained in their country and they will try to prevent it from ever flourishing, that is like giving up to the everlong stand-off of USA between Russia. And if it ever comes to that, more corrupt people will replace the previous powers, remember that after Lenin's death, Stalin's reign of terror began and I think that is proof enough of what can happen when Socialist ideology is ever entertained.
3962  Economy / Economics / Re: Why Akon's cryptocity in senegal could work on: August 19, 2020, 04:13:58 AM
Well, there is nothing wrong with the plans they have, the only problem is these corrupt African leaders, they never value anything because they are only interested in their pockets and not on making Africa a better place. Africa is truly a Wakanda, because they have lots of resources that can help them to build their countries, there are plenty resources but they are not making proper use of it.
That is the most rampant problem of every developing country, corruption really impedes growth. I think the problem could be solved through education because the more a person learns and becomes aware of what is happening around the country then they will be obligated to choose a suitable leader that will help their country grow. The problem with these natural resources is that there are few investors that are willing to venture to the continent, the peacekeeping and corruption is a really big problem for investors and I hope Akon City will be a stepping stone for a bright future for the continent.
3963  Economy / Economics / Re: China is winning the Economy Wars on: August 19, 2020, 03:27:47 AM
the population of china is more than 6 billion,
Get your facts straight boy, no country has exceeded the 2 billion population mark, what are you smoking?

It became obvious during the pandemic. Even if the problem exist, their production is non-stop in the aspect of services and more. This I think is the reason why many countries had/ are having thoughts that the virus is intended to be made and to be used against others regions. Unlike other countries wherein if one area is negatively affected by a phenomenon, many things are making the adjustment, hence the whole country is affevted perhaps in this case. The way how they cope up with problems and development simply boosts their economy to be on top of other countries.

No one really knows if the problem we are all experiencing is part of their economic strategy except the country itself. Making an assumption will just more likely move the focus away from what should be done, which is to engage with solving the problem right now.
Let me widen your perspective on why I believe China is winning the economy wars, one of them is their exclusive stock market, they do not allow foreign investments get out of the confines of their stock market which means that the money is circulating inside. Another is the real estate bubble, they have built so many ghost cities that will help make the bubble expand(I do not know much about real estate bubble but I know that there are a lot of ghost cities in China), they are pioneering high-end technology with specialization towards surveillance and the growth of tech cities increased over the decade. Now I do not believe too much on the conspiracy that the virus spread intentionally, I think that it is a lousy way to point fingers and blame rather than solve the problem at hand.
3964  Economy / Economics / Re: China is winning the Economy Wars on: August 17, 2020, 03:23:18 AM
In order for China to drop down other nations have to get out, and until they find a cheaper and better place they are not going to get out.

Right now facebook and apple and some other big ones are switching their work force to India slowly, they are not doing it right away but they are doing it slowly, that means eventually one day there will not be any apple product from china and most of it will be from India with some of it from other smaller nations like Vietnam or whatever. That is why I think China is buying so many companies out and they are building so many of their own companies, because they know that building and manufacturing stuff for other companies will eventually end, so they need to have their own source of income in order to keep being a big power and they are doing that very well too.
This is a very bold move for Western companies to move their production in other countries, I have heard that Apple is on its last preparations to go to India for the production facility, this will be a big blow because Apple have a lot of factories in China which will surely affect labor force.

China will remain as the manufacturing powerhouse for the next few decades. They have the perfect combination of productive workers, low wages and lax regulations. There are countries such as India and Indonesia, where the wages are much lower. But they are plagued with issues such as red tape, bureaucracy and unproductive workforce.
The lax regulations in my opinion is the reason that they have a cheap labor, with workers not having a safety work environment and for this reason the costs are cut into just paying wage for the workers, they also abuse the fact that Chinese people are industrious and use it to get them work for longer hours. Regarding red tape, I do not have that much say but they have a very strict policy regarding corruption, this is the most admirable thing that I know of (I might be wrong in this).
3965  Economy / Economics / Re: China is winning the Economy Wars on: August 16, 2020, 06:06:47 AM
But we can't do anything, our country is in debt with the Chinese and give them a free pass.

We can do something about it, in my opinion the governing authorities are the problem because they try to dance at the palm of these Chinese investors while on the other end of spectrum, China is having a tight leash on the foreign companies. We could do the same thing but most of the third world leaders are mostly stupid, corrupt or too scared to even stand up for once. It makes me sad that Chinese citizen is welcome in my country but mine is not.
3966  Economy / Economics / Re: China is winning the Economy Wars on: August 16, 2020, 03:23:55 AM
OP, you are spreading negative information about the Chinese government and I don't think this is good for every one of us because the source of the debt Sri Lanka's own the Chinese government was their previous President Mahinda Rajapaksa. However, every third world country usually signs an agreement of a firm stake in some portion of the industry they borrowed funds to build if they are struggling to repay the loan till the loan is totally paid in full.
No, I am not spreading it, I am merely scratching the surface on these so called negativity about the country. Have you heard about the Concentration camps for the Uyghurs which is mostly Muslim population? Have you heard about Tianamen Square Massacre? Did you know that China is a surveillance state?

If you think about idolizing China, do some searching on the web, they have articles about the questions above. You should know better not to side with China on this matter. Regarding the debt, you think that it is fair to take the infrastructure and the land? And do not forget that they replaced most of the employees to Chinese citizen, so basically China has a land in Sri Lanka. I do not spread negative information, I am just telling the truth.
3967  Economy / Economics / Re: China is winning the Economy Wars on: August 15, 2020, 02:25:39 PM
If we compare China and the United States, then the Chinese government is pursuing a very tough policy towards all large companies and small and medium-sized businesses, where everyone works for the good of the country, and not for the good of their own pockets, as is done in the United States. That is why it is much easier in China to get out of any economic crisis.
This so called strict policy is suppression of any company's right to free speech. They are the biggest cancel culture, remember the companies who stand with Hongkong they will gain unfavorable decision from this juggernaut oppressor. Most of this strict policy are enforced because they try to prevent mudslinging targeted at the Party, remember Tianamen Square Massacre, no one talks about it because they successfully suppressed free media, but there will be people who will remember. Regarding the companies, most of them are backed or secretly owned by the Party, one good example of this is Tencent, I wouldn't say that they are better at handling companies unlike USA but they have a way to make the deals with these companies in favor of their government.
3968  Economy / Economics / Re: China is winning the Economy Wars on: August 15, 2020, 12:57:12 PM
China is always one step ahead of US and Europe. To my opinion reason for that is their mentality and very different culture, social and political system. It's not the one they should be especialy proud of but obviously it works. They have a very strict defined strategy they follow and they don't care much about human rights and freedom. No matter all the progress and economuc success I don't think this will end well.
The reason that their strategy works is that they do not have any regards for human rights, I hope you know that they are a surveillance state straight out of George Orwell's 1984. Their country is straight out of Black Mirror episode, they have citizenship points in effect in some parts of their country. The reason that they have this authority is because they suffered the century of shame where they are the loser in the wars waged in their lands.
3969  Economy / Economics / Re: China is winning the Economy Wars on: August 15, 2020, 10:14:53 AM
The problem here is the developing countries that seek such help from China are gullible, this is mostly a corrupt deal, and this is a first hand view. The corrupt leaders from those country -of which am a citizen of - strikes deals with China for loans in huge amounts -loans that never serve any use - and insure use part of their sovereignty as a collateral, off cause China would oblige and sign off such loans already knowing the state of the country.

This countries are losing there sovereignty to China, this might not be paid now but in generations China would control large areas of Africa, which is becoming habitual debtors to China.

This can be solved by
+ Borrowing what can be paid back at the stipulated time
+ Using what was borrowed for a good use,
+ Try killing/stoping the urge to borrow

You can't enforce the solutions above, the Party is doing a very irresistible offer. We can't say the countries are gullible maybe the ruling authorities are the gullible ones because they are the ones who decide what is the next step for the country. With regards to borrowing money, the Party is the one declaring the amount they are going to loan and that is the reason why they can't pay for it in the given time frame. The money that was borrowed was put to good use, sea ports and air port promote trade and skyscrapers attract real estate investors. And also why the fuck would a country stop the urge to borrow, remember that they are developing countries so they are open to help that is presented to them no matter the cost, do not try to think of a nation like a hive mind.
3970  Economy / Economics / Re: China is winning the Economy Wars on: August 15, 2020, 08:25:56 AM
I don't see much of a difference between China and the Colonialist countries either, not just the Nazis.

Well, the main difference would be that the Colonialists (including the Nazis) conquered the third-world countries while today China uses trade tactics to subjugate them instead of conquering them militarily.
You do not get that the comparison was an attempt to humor the situation. The joke flew over your head. Try to read articles about the concentration camps in China and hopefully you will get my attempt at dry humor.
3971  Economy / Economics / China is winning the Economy Wars on: August 15, 2020, 06:21:14 AM
The Belt and Road Initiative is a scary neo-domination tactic that China is employing right now. This is a money trap for the poor countries (including mine) that promises prosperity but when in fact it is a ruse to take a piece of a nation's land.

Here is how I understood this money trap works. China is creating a new Silk Road that is not based of lands but most of it are in the water and air, they will offer help to third world countries by giving them funds to create infrastructures like ports, skyscrapers or airfields. There will be a timeframe for this help to be paid and as a poor country they offer exorbitant amount of money which is impossible if not difficult to be paid and then here is where the trap works, when the country can't pay the debt then the other option happens where China will have full control over the infrastructure including the land, basically they are buying lands from this nation without really buying it. Look at what happened to Sri Lanka when they haven't paid their debt.

What is the difference between China and Nazi Germany? Nazi Germany have a Swastika on their flag

Source for what happened to Sri Lanka: https://www.bbc.com/news/business-40044113
3972  Economy / Economics / Re: Some chinese guy bought most expensive face mask in the world $1.5 million. on: August 13, 2020, 05:31:00 AM
This is proof that everyone's tax payments must be different, because people like in the video are supposed to pay more taxes.
But anyone is free to spend their money on anything, we shouldn't blame the person in the video for buying face mask for $ 1.5
million. Because it belongs to him, he is free to buy anything. But in conditions of economic crisis like now it is better if we want
to buy luxury goods not shown to the public. Because it can hurt some people's feelings.
Exactly. I do not get this people trying to justify the spending of another person like what the hell is wrong with that? That is their money and they have the right to spend however they want to spend as long as it is in moral and legal standards. This people getting crazy over someone who buys something luxury is an indication that you are just jealous and that all you can do is complain how other spend their money while you just sit on your poor ass.
3973  Local / Others (Pilipinas) / Re: Warning: SEC issued a warning against FORSAGE! on: August 13, 2020, 03:47:50 AM
Someone in Socmed invited me to try this Forsage thing na ito. Syempre bilang isang responsableng mamamayan, nag research ako at itong thread nga na ito yung nakita ko which is good thing. May isa pa, Trendy naman ang pangalan, basically, iisa lang ang siste nila, mag iinvite ka para kumita. Dito sa totoong Bitcoin na alam ko, wala akong ininvite para mag labas sila ng pera marahil mayroong referral sa altcoins pero hindi mo kailangan mag deposit, para kumita ka talaga, trade kung trade, mag sspend ka ng time mag analyze ng market graph, meaning - Lahat ng siste ng pyramiding, eventually nagiging scam yan.
Ganito din experience ko minus na ininvite ako, kinausap ko siya na scam yung Forsage pero ang sinabi niya lang is hindi daw sakop ng SEC yung system, alam ko na kapag pinilit ko pa kumontra is hahaba pa yung usapan kaya nilihis ko nalang sa ibang topic. Naaawa ako sa mga taong maiinivte nito lalo na yung mga nasa dulo ng hypetrain kasi sila yung magiging biktima dito. Kung meron kayong mga kakilala na kasali na dito, kung kaya niyo ay pakiusapan niyong umalis ngunit kung kokontra siya sa sinabi mo ay hayaan mo nalang.
3974  Local / Pilipinas / Re: DOJ laban sa mga pekeng crypto traders? on: August 12, 2020, 07:48:38 AM
~snip

Totoo naman talagang nasa tao ang problema pagdating sa ganyan, kung hindi mo makitang scam ito then that means na may mali sayo, yung mga scam na yan hindi yan mawawala ng basta-basta, hangga't may nabibingwit tiyak na hindi sila titigil, ang magagawa nalang natin bilang isang miyembro ng ating komunidad is tulungan ang mga otoridad na masugpo ang mga peste na ito, maaaring mag-post para maflag na scam ang isang post. Regarding naman sa identity thft ng mga officials ng gobyerno, kapag hindi mo nakita sa balita na sinabi niya ang mga salitang yun malamang ay ginagamit ang imahe niya para sa masamang aktibidades. Hindi sapat na mag research ka lang, dapat ay mayroon ka ring common sense at hindi ka gahaman.
3975  Local / Pilipinas / Re: Philippines Central Bank Considers Issuing Its Own Digital Currency. on: August 12, 2020, 06:17:18 AM
Ano kaya ang magiging purpose ng stablecoin na ito? If may article kayo na mabibigay or anything na pwedeng mag explain ay sobrang makakatulong para sa mga katulad kong walang idea.

Kung may online wallets naman tayo na available para mag store ng fiat cash natin at magamit online, bakit pa kailangan ng stablecoin? Para magamit internationally sa pag exchange ng currency natin sa iba?
Yun din yung naisip ko eh, ano implication nito kung may mga wallets gaya ng PayMaya, Gcash tapos coins.ph. Parang madedefeat yung purpose nung mga nabanggit ko na wallet. Tingin ko gusto lang din nila makontrol yung flow ng cryptocurrency sa Pilipinas, mabuti nalang at hindi ito priority ng gobyerno natin na walang inatupag kundi mag flex sa nagawa ng partido niya samantalang naghihirap ang mga pinamumunuan niya.
3976  Local / Pamilihan / Re: Scammers BTC addresses at iba pa on: August 12, 2020, 03:56:13 AM

TBH I don't see the need of doing background checks with addresses lalong lalo na kung wala namang reliable service na magbibigay sayo ng garantisadong sagot. For example sa recent Twitter hack na may fake giveaways ang mga kilalang personalidad obviously alam mo ng may nangyayaring mali dun kahit hindi mo na i-search yung address na nalink. Fake Youtube giveaways, impersonating social media pages, at scam emails alam mo naman na peke na ito kung aware ka na sa mga scam. Para naman sa mga baguhan all you need to do is maging aware sa mga ganitong klaseng scam na nangyayari sa crypto industry and kahit sa industry na ito there is no such thing as "easy money" kaya if what you are seeing is too good to be true most likely scam yan.
I get it, masyadong matrabaho yung pag background check sa address ng katransaction mo pero mas okay naman siguro na may assurance ka kahit paano. Tingin ko yung sa mga Fake Giveaway, that is different kasi kahit sinong may isip alam na scam yun pero paano ung mga con artist? Hindi ba atleast mag-iiwan sila ng digital footprint if hindi sila magaling. Atsaka kung sasabihin mo lang na mas maging aware ang mga newbie sa ganitong mga scam is not enough kasi may mga tao talagang sadyang tanga at ayaw magbasa at sila ang madalas at madaling maging biktima.
3977  Bitcoin / Bitcoin Discussion / Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams on: August 11, 2020, 06:00:33 AM
Facial recognition has been a thing for awhile now and I think that they should have done a significant thing right now, remember when Iphone facial recognition had a faulty issue where other people can open the phone besides the user. Maybe I am just talking nonsense but my point is that there might be things that will slip in the cracks and it will be unnoticeable until someone tells someone about it. I believe that this can help in security but I do not think that it should be used for cryptocurrency thingy.
3978  Bitcoin / Bitcoin Discussion / Re: The BTC Times: A new Bitcoin News Site on: August 10, 2020, 07:43:38 AM
I'm usually reading news about crypto in https://cointelegraph.com/.. I like the design of the aforementioned site, looks simple.
Anyway, I'll check this one out, looks neat, but since this is a new site, I expect more improvement of the site in the long run.

What we actually need is a site that tells clear information, we know they could be bias, but not to be obviously bias.

This is most viewed news site by my friends and I just keep an eye for their posts because most of them know what is relevant in the cryptospace. Good thing about this site though is that it will be a good oppurtunity for other journalist to apply for this site to write some articles which can help them financially. What I fear about it though is that these sites for crypto news becomes a mainstream journalism where they rack up fake shit just for the numbers, we all know how journalism right now has gone, they do not care about the truth, the numbers is enough.
3979  Bitcoin / Bitcoin Discussion / Re: PayPal to Offer Crypto Trading on: August 10, 2020, 05:44:44 AM
i think this would be a great idea when big company like paypal join the crpyto industry it can attract more people to know hows crypto work.

and maybe the paypal just don't wanna left behind
It really is a big thing and I do not see a bad thing about this, this just gives users and aspiring traders more ways to trade. Although it is still a rumore, I think it is worth holding on to. The only thing that I have a problem with Paypal is the way they need a valid ID, they have a small choices of ID and most of the ID needed is very bureaucratic in my country so I can't do much but the good thing is that there are small local online wallets that I can use.
3980  Bitcoin / Bitcoin Discussion / Re: building a crypto criminal database on: August 10, 2020, 05:03:22 AM
They can flag and track wallet until the cows come home. You still can't prove someone owns said wallet. You can say their pc was used or remotely used to access said wallet but you cannot prove it was them or their wallet.
It is like having someones IP address. government has tracked that for years and years. If they track bitcoin addresses that's fine. Good luck to them if they feel that is what will protect the county from crime then so be it.
I don't think we have anything to worry about.
I can vouch for the flagging and tracking of the wallet but when you said that it can't prove that it was the culprit then you might be underestimating the investigations of the cyber police and law enforcement at that. I think the part where the computer was used by a third party is very unlikely because if you are responsible then you will not be acquainted to this sticky situation, plus why would the culprit go to the lengths of accessing other computer when they can just get softwares that help them hide their online footprints.
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