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441  Bitcoin / Bitcoin Discussion / Re: Will the Scottish people choose Bitcoin rather than a "Scottish Pound"? on: April 30, 2019, 11:50:46 AM
Once again.
There is nothing about trust to Bitcoin here. The economy of a country simply won't work with a currency, that can suddenly deflate 10% per day (or the same thing with inflation). In such conditions export of the country would be more expensive and less competitive on a global market and the economy will stop working.
Making BTC the main currency is an extremely retarded idea.
442  Other / Off-topic / Re: "Tired of our outdated Educational system " on: April 29, 2019, 04:28:47 PM
In some cases education is always a bit outdated because your bachelor studies last for 3-4 years and you can't be sure what technologies in this sphere will dominate by the time you graduate.

Is there any way we can do away with the current system we have now that keeps making us and our children slaves to elites and the world manipulators?
Only lack of education would make you a slave in the modern world. Get a good education and you will easily become free and independent.
443  Bitcoin / Bitcoin Discussion / Re: 2nd gen HTC smartphone powered by Blockchain on: April 29, 2019, 02:57:54 PM
What's the difference between normal smartphone and another one based on blockchain? The only obvious reason is only the price. And it still won't make our data safe. Simply because sometimes we give permission to use our data to dozen apps at the same time. So even if we get a safe blockchainphone our data is still vulnerable to those, who developing our apps.
444  Economy / Exchanges / Re: Hodl Hodl (P2P exchange) announces Lightning support on: April 29, 2019, 12:25:46 PM
The good side is that identity is not applied basically (KYC/AML) as it does in localbitcoin/Paxful, so maybe if you're looking for an alternative this might be a good one.
That's only for now. I bet that as soon as this exchange becomes somehow popular and legit then the government would push them to make KYC/AML stuff. For now no one just cares about them but later the exchange may be easily either shut down by the government or some jurisdictions (like EU) would ban this service on their territory. In this case service would lose much money (considering they are earning on fees) and would lose the fight anyway.
So hurry up before it is too late,
445  Economy / Economics / Re: List of useful materials on economics on: April 29, 2019, 12:03:21 PM
7.   "Capital", Karl Marx
Holy crap. This point is devaluating the entire list.

The literature you have mentioned is based on the traditional economy where Banks and governments play the major role. However, the world of economy is quickly changing. With the introduction of crypto currency in to the sector, has taken the game to another playing field. Soon these books need to be re-written or they will loose their significance. 
Crypto whales, exchanges and some other financial institutions may play bank's role in crypto world. Literally every market is developing on similar patterns. The same types of analysis are appliable to stocks, bonds, currencies and cryptocurrencies. No one had to rewrite all books for a new market.
Your statement is stupid and cryptocurrencies won't bring any significant changes there.
446  Other / Politics & Society / Re: Micronations on: April 29, 2019, 11:55:12 AM
Most aim just a peaceful life in harmony with nature and freedom. Hoons like Thai military who operate 100% outside of the law, simply with a gun in the hand are recognized, it tells all. 
All those micronations totally depend on the legit countries, on which territory they exist. I think that even many EU countries won't tolerate any attempts to build some other nation inside their border.
To make a true micronation you should be sure that property rights are fully secured in your country. Not only Thailand is that bad, it feels like only US and some other countries may allow to make a micronation inside their borders.
447  Economy / Economics / Re: BTC Trading on Nasdaq is Coming on: April 29, 2019, 11:27:18 AM
I won't take those news serious until I see a confirmation (with some dates and details) from NASDAQ. Crypto community has been waiting for BTC futures trading in CBOE but those futures had almost no support and ended up delisted with a tiny volume. Nothing tells us that there is some interest in cryptocurencies from the side of major investors. Also, no one knows if people would buy crypto or it would be some contract, attached to BTC price.
448  Economy / Economics / Re: Can you share Bitcoin percentage in your portfolio? on: April 29, 2019, 11:20:35 AM
Holding over 100 of shitcoins is a pretty retarded idea. You need to have enough time to follow all changes in the projects, in which you are invested. Even professional investors in investment banks don't make such a big portfilio despite having the entire working day in their possession to evaluate their holdings.
About 90% of my portfolio is in BTC and the other 10% are in ETH. It is also not a smart move to pick shitcoins and wait until they pump. It worked in 2017 but it won't work now.
449  Bitcoin / Bitcoin Discussion / Re: Better Exchanges p2p, Exchanges Question (volume) on: April 29, 2019, 11:05:27 AM
What stops a exchange from buying and selling a coin repeatedly to increase volume? if they don`t have to pay tx fees on transactions. They can manipulate volume numbers to promote coins they want to sell.
Nothing. Many exchanges are already faking their reported volumes. For example, volumes from almost all asian exchanges are obvious bullshit and their administration is totally satisfied with this.
The other point is P2P exchanges are completely different from the ones, that allow margin trading and give its users a leverage. It is two completely different things that only named with the same word.
In P2P exchanges people are just buying or selling their shitcoins in order just to get this coin, while when you deal with margin trading people are constantly buying and selling the same coins to get some profit out of price fluctuations.
450  Bitcoin / Bitcoin Discussion / Re: Indian Govt thinks Bitcoin is a ponzi scheme on: April 28, 2019, 01:19:42 PM
Many people consider India as a shithole country. Maybe shithole countries have shitty governments? There is nothing surprising that politicians, that are not able to evaluate the risks of cryptocurrencies blindly deciding to ban it.
By the way, many ponzi scams, fake ICOs and just shady services were related to some countries like India, Pakistan and Bangladesh. Maybe this ban is a blessing for crypto community.
451  Economy / Trading Discussion / Re: Price of alts when BTC pumps on: April 28, 2019, 01:08:58 PM
I hardly remember the situations when BTC is rising and altcoins are falling down. Usually BTC is growing when there were no bad news for a long period of time and sentiment analysis is telling us that the entire crypto market is calm. In this case BTC growth is usually boosting the other major cryptocurrencies and some popular shitcoins. The same picture we see every time bitcoin is rising for the las times.
452  Other / Politics & Society / Re: Corruption in The White House. on: April 27, 2019, 06:59:24 PM
The Obama administration will be known as the administration with zero scandals.
Vote for democrats if you don't want them to make scandals. If democrats are in charge then everything is calm.
It seems like a kind of political blackmail.

The other thing is that the America is the main ruling power in our world. American elites are the most powerful in the world. And when you are the strongest then you are the one who chose what is a law and what is corruption. Both inside and outside of a country.
453  Other / Off-topic / Re: People seem to be going off EU stuff because of Brexit on: April 27, 2019, 06:31:18 PM
Merkel doesn't really care about that. German economy is getting a huge benefit from all those european slave countries, especially after they enter eurozone. Euro is a modified german mark. The problem is that strong german production boosted the price of their mark and they couldn't sell their stuff abroad. So they just decided to unite some more shithole currencies with yourself, which would slightle deflate euro and give germany a huge economic boost.
454  Economy / Economics / Re: How Bitcoin Turns Wasted Energy Into Magical Internet Money on: April 27, 2019, 06:10:49 PM
Another problem is that if you force people to stop "wasting" electricity on mining it doesn't mean that this power, that is now free, would be used on something usefull, that wouldn't be considered as "wasting" energy. For example, I think that using 6 TV sets for a house with 3 rooms would not be a wise electricity spending.
455  Other / Politics & Society / Re: A radical left-right compromise US budget on: April 27, 2019, 02:31:33 PM
1. 10% annual property tax is a pure robbery, especially for people who live around the silicon valley.
2. UBI is shit by default.
3. This UBI shit only seems reasonable in you are going to eliminate the other welfare. But in this case you are just choosing a better of two evils.
4. Elimination of work-related regulations is an extremely naive idea. US bureaucracy has been creating itself for loooong decades. You won't eliminate it just because it is a cool idea.
456  Bitcoin / Bitcoin Discussion / Re: bitcoin and online transctions on: April 27, 2019, 02:15:53 PM
despite over 2 decades of growth of internet, statistics show that only 10% of retail transactions were conducted online. payment channels such as lightning are a massive opportunity for online payments
No it is not. First of all 10% looks like a wrong number but even if it is true then it doesn't tell us that people perform only 10% of trandsctions online because os lack of payment methods. Bringing to the market a new payment system like LN you are competing only with those systems that people use only for these 10% of transactions and not the other 90%
457  Bitcoin / Bitcoin Discussion / Re: U.S. firm Genesis says it loaned more than $1.5 billion in cryptocurrency on: April 27, 2019, 01:53:33 PM
Please name all those hedge funds that borrowed money in crypto. That seems to be one of the most retarded things they've ever done. If you work somewhere in USA or EU then it is much easier to take a usual bank loan with 0-3% instead of borrowing cryptocurrencies that may easily increase their value by 5% in a single day (despite the interest, earned by genesis).
458  Bitcoin / Bitcoin Discussion / Re: Open Letter from Bitfinex CEO [I received via email] on: April 27, 2019, 01:40:33 PM
It feels like Bitfinex foresees some possible withdrawal problems and tries to warn users about that so that possible situation wouldn't look like an exit scam or that user funds would be locked like it was during issues with btc-e exchange.
The question is why is USDT is still keeping #1 in stable coin market with all its legal complains and other shady stuff with their audit. It seems like some other altcoin could overtake it million times.
459  Bitcoin / Bitcoin Discussion / Re: Bitcoin's value after being more recognized and accepted globally. on: April 27, 2019, 10:28:19 AM
Bitcoin or Cryptocurrency in general are slowly been accepted and recognized by some financial institutions in some countries in the last few years. And there are well-known personalities that promotes the use of cryptocurrency around the globe.

But the questions is how come its value decreases after it has reached the highest in the last quarter of 2017. Was it being more accepted affected its value? What are your thoughts?
 
Bitcoin is getting its adoption not because he is recognized. In 2017 everyone in the world heard about bitcoin but no one started to accept crypto.Interest from the side of financial institutions does not brings us adoption. Those organization using cryptocurrencies only to get their own profit. The more of them joins the market the larger market cap we will get and the more people would think that BTC is getting its adoption.
460  Bitcoin / Bitcoin Discussion / Re: Is Lightning going to ensure Bitcoin dominance? on: April 26, 2019, 02:24:45 PM
I'm a fan of the lightning network, but it's meant for smaller payments, and is less safe than an on-chain transaction... So there'll always be a place for altcoins like litecoin or dash... Altough they might lose some of their marketshare due to the LN.
I guess you would still be able to send on chain transactions if it is needed. But I agree that all those shitcoins will keep existing. There are a lot of coins with faster transactions and lower fees and they are competing with each other and none of them yet got a serious market dominance.


Basically, like the article said: if i was selling a second hand DVD, i'd prefer being payed with a LN invoice, if i was selling my car and i wanted fast confirmations, i'd accept LTC
Emm, that's what LN is created for. It doesn't seem like someone wants to buy an expensive car and he can't wait some minutes and pay an extra dollar as a fee.
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