The main reason behind not accepting Bitcoin is because Govt will not be able to see the actual portfolio of any citizens and they will not be able to charge tax. Bitcoin is decentralized and it's cannot be controlled by government. Central Bank are the main opposition of Bitcoin in any country. If people start to make invest in Bitcoin then They will withdraw money from the bank and no government want this.
they can't do anymore some of their illegal things once they start to use Bitcoin.
Actually, is this, Bitcoin as transparent yet privacy-friendly system undermines two of the more complex and vital activities of any government, taxing its citizens and keeping secret some of their expenditure (for both legitimate and no-so-legitimate reasons). It would be actually good for civilian society, it will increase accountability and give citizens a solid bargain chip against government, as people will make public more of their economic activities (and pay more taxes) the more they are satisfied with the government The reason government won't accept bitcoin is not because it is a decentralized currency, it is because they won't be able to print it like they print fiat to steal as much as they can .
If bitcoin is something the government can manipulate to steal public fund they would accept it even before now without any delay.
This one is actually a mixed bag. The lose of control may look bad for a specific government, but when you take into account that every other government will lose control too it may become the "less bad" international arrangement, as nobody will have enough control over international finances to use it as a weapon, it may even incentivize economically weak states to accept Bitcoin. Overall it may be a main reason for the likes of USA or China, since they use international commerce and finaces as political tools, but will be a secondary issue for small states And a small extra: At least for western democraties, that's a dire view of elected officials. Perhaps Plato put it in a more balanced way in The Republic (mother of said western democracy), to the effect that the best suited to rule are least likely to want to, and perhaps those less suited to rule will be more inclined to desire power due to their own shortcomings.
It may look as a dire view, but all (non totalitarian) western political theory since the end of Napoleonic wars acknowledge both the state and its officials as selfish agents whit their own goals different to those of civilian society, but that is a theme for other boards
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If you already have experience or knowledge about running a business and you just want to fund this one with BTC, it will be outright easy
It becomes a bit harder if you want to charge your customers in Bitcoin
Anyway, you have two very solid ideas there, both renting servers or paying for foreign goods in BTC will be not too difficult, your main obstacle may be if you need to pay some of the customs, taxes and the likes before generating income (if you're planning to charge in Bitcoin you will need to cashout for taxes, is unavoidable)
My suggestion will be engaging a small percentage (up to 35%) of what you can invest in the bare bones server rent, it scales well, both down and up, can be wholly funded in Bitcoin and you can offer several related services with it
It will let you test how funding your business with BTC actually works in your location and discover the small pros and cons
I myself have run a similar project in my home city between 2015 and 2017 (I payed the servers in Bitcoin and charged in fiat) It worked well for a time, mainly because local hosting providers used to charge too much to small business and individuals
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Lets go piece by piece Brazilian proposal will face two serious obstacles First, South American national currencies are among the most stable in the developing world, with 3 exceptions, Venezuelan, Argentinian and Brazilian ones, furthermore, Brazil has a tradition of currency mismanagement, the country changed its monetary unit seven times since they dropped the gold standard in 1933, every time because of excesive inflation (that's without counting the times they "rounded up zeros" from the existing currency, i.e. reissuing the notes denomined in thousands as denomided in units [for example, a 10000 note became a 10 one]) From the point of view of the other agents in the region, it may look like they most troubled neighbors are trying to escape forward Second, they planned to extend the system to the MERCOSUR, whose other two founders (Uruguay and Paraguay) have the most stable currencies of the region (the fifth wheel is Venezuela, they literally prefer WoW gold to their national currency), though historically Brazil and Venezuela have obtained the two minor countries support by the simple expedient of bribing their representatives this method is unlikely to work this time, the Argentinian monetary situation is as infamous in the region as in the rest of the world and would likely cause unsumournable resistance in other countries The only good selling point would be an easier access by the Spanish speaking countries to Brazilian consumer market, but even this is a moot point, Brazilians pay for their imports in USD. On the other hand... And worse is that no country is even brave enough to tell the others that they should create one currency in the continent except the post colonial African leaders and not the neo-colonial leaders. African leaders are Afraid. African Radical Leaders should come back and speek for us. Gadafi, Nkwame Nkruma, Leopold Sedar Senghor, should return to African scene.
The SUR is exactly like the supranational currencies championed by these people, a scheme where one government buys international validation and support by subsidizing its economically weaker authoritarian neighbors. Cold war era USA's "development aid" to their supporting dictators with extra steps. I.e. it's not about "strengthen their economy in the future" is about letting Lula bribe his neighbors with more ease and without the USA, EU or China sticking their nose
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Applying for avatar only
Current number of post (Including this one): 305 Rank: Full Member bech32 address: bc1qprz7rshmnel9dkc0mz7h7p0yfnzz68v965w0cp Merit earned in the last 120 days: 11
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I really hate the way this topic's title (and its numberless previous incarnations) are phrased. Why would "we" "end" the volatility? (With the last words in caps, like a commercial brand slogan)
Currencies and commodity prices float respective to each others, it's just the way it is, you can argue that trying to impede it is contrary to bitcoin's ethos.
I understand that from an outsiders point of view BTC's high volatility may look threatening, but if someone is into bitcoins ecosystem or serious learning about it one would find pretty early that a stable price relative to fiat may not even be on the table (this one is an interesting and deeper topic)
Furthermore, the way OP phrased it gives the idea that "we" are trying to control BTCs price, putting Bitcoin's community at the same level as a "get rich quick" scheme in the eyes of the uninformed people
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Estaré espeso, pero mirando el informe en sí, no logro ver los datos anteriores que citas a modo de resumen. ¿En qué páginas los has visto?
La edad y el sexo estan bien condensadas en el apartado 5.3, paginas 28 y 29. El ingreso esta mas disperso, hay que interpretar las tablas de las secciones 4.1 y 4.2 (desde la pagina 11) en base a la clasificacion del apendice C (pagina 41) En cuanto a la edad, que es lo que parece habernos llamado mas la atencion, hay que tener en cuenta que el promedio de la muestra del primer paper (tanto gente que posee al menos una criptomoneda como los que no) es de casi 53 años (tabla 1, pagina 9) me pregunto si al bajar la edad promedio de la muestra la edad tipica del que "si tiene" bajara proporcionalmente
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Hay que tener en cuenta que el estudio se hizo en estados unidos, es lo mas probable que si se hace uno similar en latinoamerica o asia el tenedor promedio tenga menos de 30 Por otro lado, yo suelo tener mas dificultad para interesar en el BTC a gente muy joven, diria que los de menos de 23-24 cuestan mas, especialmente desde que los influencers hicieron un habito de promocionar proyectos cripto sin pies ni cabeza si el resumen que dejas abajo es correcto, podriamos inferir de que son los mismo de 35 que ahora tienen 40?
A priori puede dar esa impresion, pero si tenemos en cuenta que mas de la mitad de los holders actuales entraron en 2021 o despues y el primer link es un paper es de 2019 podemos suponer que mas bien las criptomonedas atrajeron inversores mas tradicionales (y mayores) a partir la gran exposicion publica durante la subida de precios de esa epoca Igual, seria muy interesante abrir un hilo para (intentar) perfilar el bitcoiner promedio con el que interactuamos en nuestros paises
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Justamente, hace años habia leido un paper que, entre otras cosas, hablaba del perfil del inversor promedio en criptomonedas (en estados unidos), es este https://econpapers.repec.org/paper/bisbiswps/951.htm(Resumen, el inversor tipo era de 35 años en promedio, hombre, con un ingreso familiar de alrededor de 100000 usd) Claro que con el tiempo ese perfil deberia cambiar, mas de la mitad de los tenedores actuales de bitcoin y otras criptos las tienen desde el bullrush de 2021, una busqueda rapida usando google hoy mismo me da como primer resultado este articulo, que no muestra tantos cambios, solo hace del sector un poco menos "joven" y "masculino" en promedio https://www.mrisimmons.com/2022/03/30/whats-trending-profiling-the-crypto-investor/#:~:text=So%2C%20what%20do%20we%20know,household%20income%20of%20%24102K.(En resumen, la edad promedio sube a 40, la proporcion hombres/mujeres pasa a 2/1) Esto me hizo pensar en su momento (aunque solo tengo anecdotas y experiencias para darle soporte a la idea) que si bien el perfil del inversor en criptomonedas es distinto del de los mercados tradicionales se solapa bastante con el perfil que en las decadas de 2000 y 2010 se suponia tipico del trader de forex
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I have also wondered about this actually. It somehow amuses me. I can remember many years ago that the exchanges to be avoided like the plague are the likes of YoBit and HitBTC. Their brands are almost openly equated with scam. But look how they've survived all the things that caused great exchanges and other too-big-to-fail platforms to lay off employees and even file bankruptcies. It's funny how it seems the last laugh is theirs. Because YoBit is an outright scam. They don't need to worry about bank runs or anything like that, because they are quite happy to just shut down withdrawals and out right steal the coins of their users. Not to mention that the majority of shitcoins you can trade on YoBit don't actually have a blockchain at all and are created by YoBit only to separate idiots from their bitcoin. It doesn't matter if someone wants to withdraw 10 trillion MadeUpYoBitCoinNumber14, since YoBit can just create that out of thin air whenever they need. The most surprising thing here is how they manage to continue to attract a steady stream of newbies and idiots to keep them running, even during a bear market. Although their outgoings will be very minimal since they don't need to pay any support staff or indeed process any withdrawals. This, yobit has been listing and promoting self-proclaimed Ponzi schemes and "cryptocurrencies" without a blockchain for like a decade. Then they start hosting their own ponzis, branding them as "rise only markets", "investbox" and others, at this point just plainly steal the coins will be an improvement. Yet people still fall for it, even when the sheer number of pyramid schemes available as tabs in the main page screams scam
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El inversionista de Bitcoin es único en el mundo de la especulación y las inversiones en general. ¿Donde más vas a encontrar personas que ven su portafolio en dos dígitos en rojo en la mañana y seguir como si nada, sin sentir nada? E incluso pensando en la oportunidad del precio para incrementar la exposición. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Temo que nos vemos insensibilizado a estos cambios de precios, para bien o para mal. Como contraste, cualquier día rojo en Wall Street que supere los 4 puntos porcentuales ya encendería las alarmas y enviaría a más de un inversionista de corbata al bar más cercano. El día que me anime a comprar stocks me va a ir mal porque veré un día "malo" en los mercados y no podré identificarlo en absoluto, a diferencia de otros. Pues si, la verdad te insensibiliza, tantas veces de ver a la gente mas nueva preguntando si es el fin o si "se va a cero" en cada correccion de 10-20% (por no decir que considerar un VEINTE POR CIEN una "correccion" ya habla de lo desconectados que estamos de los mercados "normales") y verlos directamente liquidar todo y abandonar enojados en masa despues de una caida importante Estar tan acostumbrado, y de hecho, esperar catastroficas unos meses despues de un ATH, comprar con entusiasmo algo que ha perdido 50% en menos de un año, volver a comprar mas si sigue bajando Considerar un incremento de 25% un año "malo" o "mediocre" Cosas que solo se ven en este mundo Al menos podemos decir que el bitcoin nos hace inversores muy, muy dificiles de conmover con resultados
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If you read carefully they can't even shill their CBDC without making the public aware of decentralized currency merits and niches, lets take a look
safeguard the privacy of sensitive data meaning someone else will decide what of your data are "sensitive" obviosly they will need all your data to decide it
minimize risks of illicit financial transactions." , and support the effectiveness of embargoes." i.e. it will be totally trackeable, reversible, easily censored
help preserve U.S. global financial leadership protect against cyberbullyng and operstional risks meaning that it will be another way to excert control over economic players
In any case it may be a threat to USD pegged stablecoins, but even this is a long shot
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I'm not too judgemental about him
I'm just sure that when inevitably the pressure from chinese goverment on him becomes too high he will do some shit like nuking the price to pre 2017 levels, trying to force a 'reorg' like the one he proposed in the past or seize the coins and announce that the users now have tokens in bnb instead of the deal and crypto (except bnb) has become 'obsolete'
I'm also sure that he will become the champion of censorship friendly blockchain tech
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Another shitcoin haven bites the dust and of course, tje dreaded 'comunity FUD' was the culprit (seems like the FUD spends the coins when nobody is watching) but... As for the platform, it is free money without any effort. The problem is that whenever they think that this free money is real money.
Why they felt the need to print magic money to pay their bills with, and why the fuck they thought that was a viable business plan just baffles me. It's just hard for me to fathom the mind of the leader of a crypto exchange not seeing a move like that as a set-up for disaster The thing is, it is a viable bussines plan in traditional finances, we have just seem (again) the worst practices of fractional reserve banking and brokering translated to crypto ecosystem. If they were just a bit less greedy, they would have gone away with it by just stealing the shitcoins and leaving the valuable assets alone, but everybody is greedy at the end
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Actually, I'm wondering about how the notoriously scammy, shittier platforms endure the bear seasons while the more professional and (over?) hyped ones fall as flies, is almost funny Is there a bigger chance than expected that it will be one of the next exchanges to bite the dust or is it still reasonably safe if compared to other exchanges that might bite the dust? I am of the opinion that all exchanges are equally risky. We all have absolutely no idea what is going on behind the scenes at any exchange until it is too late and they are filing their bankruptcy documents showing just how negative their balance books are and just how much in debt they are. Go back a year and everyone though Celsius, Voyager, FTX were some of the most well regulated and least risky exchanges. And look at where we are now But seriously, as long as Bitcoin and altcoins are regulated as securities and no currency, the fully regulated exchanges are the risky ones in a bear market. They are compelled to treat the price's downs as capital loses, when in a perfect world the exchange earn its money by traded volume ( higher in both bull and bear markets than in stable ones)
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In short, a (price) recovery to the historical highs is very, very unlikely in the foreseeable future, it has lost the trust of most serious enthusiatsts and is not yet at low enough cap to one lone whale pumping the sh*t out of it... it will survive for now as a pump and dump coin in binance, and thats it, can't expect more
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Tendemos a caer en el error de pensar que detrás de los datos pasados de los mercados se pueden predecir tendencias futuras (no se basa en eso precisamente el TA?).
Hay un fenómeno interesante que podría darse: la profecía autocumplida. Si suficiente gente pensara que un enero negativo precede a un febrero positivo, seguramente la gente entraría en FOMO y febrero efectivamente acabaría siendo positivo. Unido al sesgo de confirmación, podría pensarse que se ha predicho el futuro, pero en realidad no es debido al análisis, sino a que los procesos psicológicos compartidos por un gran número de personas han creado el resultado.
No soy trader ni psicólogo, y suelo cuestionarme mis propias creencias; pero creo firmemente que esto es así.
Estas totalmente en lo cierto, en ambos parrafos, por un lado, los economistas suelen decir que el análisis técnico es como la astrología de las finanzas, realmente no hay un nexo causal entre los patrones que la ve en el grafico y los movimientos de precio "grandes" Pero por otro lado, el analisis tecnico es una herramienta irremplazable para el trader, porque si bien realmente no te dice a donde ira el precio indica con un alto nivel de confianza las operaciones que haran otros traders, especialmente los de corto plazo, es decir "funciona porque todos creen que funciona" Incluso, se dice que una de las tecnicas de Soros cuando operaba personalmente (debio ser en la edad de piedra con futuros de huevos de t-rex) era buscar patrones que iban en contra del analisis fundamental y tomar la posicion inversa a la que esos patrones sugerian, quedandose en ella a largo plazo
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Well, I may ask three questions
How big is "big"? Do you prefer social media (facebook, instagram) based ones, chat groups or forums? You are searching only for local ones? (part about countries gives that idea)
Anyway, I will throw you a couple links when I check my discord
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There are two things going here
First, these guys know they were giving fake or incomplete info when they expressed their 'expert' opinion about the Bitcoin, they may know more about the value of the tech and its possibilities than 99% of bitcoiners
On the other hand, while they rationaly know what BTC truly is they still 'feel' it as an investment more among several others, they are like medieval bowmen looking at the first guns and saying 'nice, but my old bow is more elegant and doesn't smell'
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No se si estoy entendiendo bien del todo pero.... si no veo mal es ley de gresham pura no?
"el dinero malo desplaza al bueno" en resumidas cuentas, por eso no veo demasiado interesante los estudios sobre "uso" del BTC, aca lo vemos a diario en argentina , el peso no vale nada se devalua constantemente entonces claramente es la moneda que mas se va a usar , porque es la que te queres sacar de encima y si te entra un dolar lo guardas, lo mismo acontecera sobre el par USD/BTC en el salvador siendo el dolar el peso argentino del ejemplo.
Estaba pensando exactamente en eso a medida que leia el hilo, si llevas el analisis a su extremo logico, BTC como una moneda dura ''ideal'' deberia estar sujeto a la ley de Gresham, mientras que el fiat (y varios de los instrumentos financieros ''clasicos'') existe gracias a ese fenomeno. Es decir, el fiat reemplazo al metalico y los certificados de metal porque la gente veia a estos ultimos como mas deseables y escogia usar el fiduciario y guardar el metalico Extrapolando la tendencia historica podemos esperar que el publico prefiera el BTC como reserva de valor antes que que como dinero para los gastos diarios... ...pero, ese mismo comportamiento explica el relativo exito del Doge y demas memecoins, precisamente al ser percividas como monedas-broma la gente comun podria tener muchisima menos aprehension a gastarlas que a hacerlo con sus bitcoins o su fiat Igual, eso fue lo que me vino a la mente al leer el tema hasta ahora, esto da para muchisimo hilo, el curso legal es solo la punta del iceberg de lo que hace a una moneda LA MONEDA de un pais o un mercado
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The thing is, there is mainstream and 'mainstream'
BTC specifically and most cryptocurrencies (but there were exceptions since the first years) are meant to be mainstream in the sense of being used by people and business to pay for goods and services and have their saves and investments in an easier and securer way, bypassing many of the functions of traditional financial institutions
When the press or government officers talk about crypto becoming 'mainstream' they mean being adopted for these same financial institutions and becoming a fully regulated specialized tool meant to keep away from the general public i.e. 'just for professional traders and brokers'
The whole point of this grading system seems to be making of the features of the better adapted altcoins for the second type of 'mainstream' the main point to define the 'quality' of the coin, a prime example of propaganda, using true, verifiable data to lead people to wrong conclusions
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