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A CBDC doesn't change anything.The central bank can still "produce" any amount of new money(digital or paper-it doesn't matter) and throw it to the banks.The central bank can still produce inflation and devaluate it's national currency.There only difference is that there aren't any printing machines and paper needed for the process.There won't be any global fixed cap of "digital money" supply and the central bank isn't limited by anything.
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I hope that the individual(or company),sent the bitcoins to the right receiving address.  I also hope that this isn't some crypto whale billionaire,who is currently selling all his bitcoins for fiat. Yeah,the transaction fee is ridiculously low,but the blockchain hasn't been stuck with lots of pending transactions.I'm not familiar with the bank fees,when it comes to sending large sums,but the fee must be somewhere around 0,5% of the entire sum. |
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Here is my personal opinion about it.
1.It's not because Bitcoin is not fast enough for confirming transactions like ethereum, so if it happens that the experiment goes well then millions of users are going to receive monetary benefits that will only take a seconds.
2. Ethereum Integration is the best fit for the platform simply because Ethereum was made for facilitating smart contracts and applications under its own currency.
3. Ethereum has a brighter future than bitcoin, since ethereum is used to run applications there will be time in the future that we will be making payments using ethereum and not bitcoin.
First,if you wanna praise ethereum,then your post belongs to the Altcoin discussions forum. Ethereum HAD a bright future back in 2017,with all the ICO projects using their platform.The ICO scam bubble got busted and now,it seems to me that ethereum is going nowhere.It is more oriented towards applications and usability,in comparison with bitcoin,but it's still way more centralized and not so secure. Back in 2016-2017,people were talking that Ethereum is the cryptocurrency of the future and that ETH will beat Bitcoin in terms of price,market cap,user base,adoption among companies. 3 years later,Bitcoin is still king. I don't care about Reddit implementing altcoins.They can implement whatever token they want. |
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The truth of the matter is this global pandemic is really changing lives and changing nations. Things that we gave little attention to like regular washing of hand, the use of sanitizers and social distancing is now a must. Some of our leaders are now building huge facilities to curb down the situation. The most important thing is when everything calms down the world is going to view the digital currency in a different spectacle which cryptocurency is going to be a great beneficiary. Lets calm down and stay safe since we are not in normal times. There is always light at the end of the tunnel. The cashless world will be coming soon  This is the 1276 forum thread about "hey,the global pandemic will force people to use digital money,so they will adopt cryptocurrency" type of BS.This theory is so simple minded and one-sided and don't even want to discuss it again.The cashless world isn't coming in the majority of the countries.In the western world,there is something like a cashless society,because almost everyone uses debit/credit cards and checks. A cashless world doesn't necessarily mean 100% of the people using cryptocurrencies ONLY. |
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Your predictions about the altcoin prices are very optimistic.I wonder why?
I don't believe that Bitcoin will ever reach a 25K USD price.Everything above 10K USD would be great.
The pandemic and the lockdowns will be over during the summer.This is predicted by mathematicians using statistical data.The problem is,will there be a new wave of coronavirus during the autumn,or maybe the next 2021 spring.Nobody is talking about that and if there is a new pandemic in 2021,there will be no recovery for the global economy.
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Any government can create such database without the help of a blockchain technology.
Blockchain will just make the database a little bit more secure and transparent,I don't see any other benefits of such implementation.
By the way,tests aren't 100% accurate and there are doubts about this "coronavirus immunity" theory.
There were many people that were cured from the virus,but got infected again.
Creating a totalitarian society ruled by technologies,just to fight a pandemic sounds really dangerous to me.
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Nobel Laureate Abhijeet Banerjee has recently asked India to print more money and transfer them to the poor class of people to increase demand in the market to tackle upcoming recession post COVID-19. Reference: https://m.telegraphindia.com/business/abhijit-banerjee-offers-print-money-pill/cid/1763262A lot of economists will say it is a bad idea because later it will become very difficult to arrest inflation rate. But increasing the demand is a major challenge as well. Voice your opinion! Will be good or bad step for a diverse country like India? All the novel laureate economists are fanatic fiat system supporters and they are constantly preaching about fiscal and monetary stimulus plans,quantitative easing and negative interest rates from the central banks,lower taxes and giving more money to the poor by the governments.Every time a recession happens,they preach the same stuff.They are like doctors,who are trying to cure flu,aids and cancer using only one remedy. Even if the Indian government gives more money to the poor,they won't spend the money right away,because of the lockdowns.Most of the small "brisk and mortar" businesses are closed. |
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Bitcoin is doing just fine.There's no need to compare a very volatile new asset like BTC to a very stable asset that has been used as money for thousands of years.
Gold is reserved for the central banks and institutional investors.Good luck trying to buy REAL gold coins.
If you are a smart investor,then you could probably buy both Bitcoin and gold(if you can find where to buy gold) and see what happens.There's no need to choose only one option and dump the other.
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I realize it's just one person's opinion but I do have respect when it comes to this one, so maybe it's an interesting topic to discuss. Yesterday, he published a new video on his Youtube channel where he talks about halving. Here are some ideas I've circled out from the video. 1. Mining: The least efficient miners will face unprofitability because of the halving. Thus some miners are likely to turn off their equipment, leading to the drop of the difficulty rate, and mining remaining profitable to those who are still in the game. 2. BTC price: He calls making price predictions 'irresponsible', even comparing it to astrology. It's also quite interesting how he interprets the previous halvings, saying that 'nothing much' happened in the short-term and mid-term perspective. And thus he believes that this is the likeliest thing to happen this time. Do you agree with him? Antonopoulos is right again. I was thinking the same stuff.The reduced mining rewards will throw away all the small inefficient miners,so mining will become more "centralized". Perhaps miners located in China will increase their domination,so all the concerns from the past about Bitcoin being "controlled by the Chinese government" will flourish again. Man,I wish that smaller miners,that are not located in China would find a way to survive the BTC halving. The short term electricity prices in Europe are down because of the recession,but after the recession is gone,the prices will go back up,so the small EU miners won't survive. |
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According to this article: https://cointelegraph.com/news/hash-rate-spike-relates-to-btc-price-but-halving-throws-miners-off-their-gameSinghal also pointed out that China, a nation that accounts for more than 60% of the world’s mining activities, forced the crypto community to reduce their digital footprints during its recent lockdown. In Singhal’s view, another reason for the drop could have been that many miners may have pulled the plug on their day-to-day activities temporarily so as to upgrade and prepare for the Bitcoin halving that is scheduled to take place in May.
Providing insight on the matter, Max Sklar, an engineer for the independent location technology platform Foursquare and the host of The Local Maximum podcast, pointed out to Cointelegraph:
“There’s another side to the equation which is the cost side.In the long term, that’s about investing in the efficient mining machines and deploying them in the right areas, particularly areas with low energy costs. I suspect that the rise in the hashrate we are seeing now is caused in part by miners finding cheaper energy costs during this global crisis and restructuring, combined with the price stabilizing and more efficient hardware being deployed.” During the last month,electricity prices on most EU markets are going down,this is an opportunity for some EU miners to get some cheap electricity.Maybe this factor,combined with what's happening in China is influencing the Hashrate drop. 60% of BTC mining is conducted in China,the only country that successfully defeated coronavirus(if we trust their propaganda ) .I think there's nothing to worry about. |
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Think of the way governments tries to Establish different regulations and laws on Bitcoin this leads to see the feuture of Bitcoin will be good more than the way we think. Government should not underestimates people's Power and Bitcoin strengthen by It's users
The people's power will strengthen Bitcoin?Really? 98% of all Bitcoin users are using BTC only for the perspective of making more money.If that perspective is gone,they will dump Bitcoin pretty fast. I guess you are overestimating the "power of the people". Anyway,regulations should be followed,only if they are good for the cryptocurrency ecosystem. If they are bad,all the hardcore BTC supporters(probably 2% of all BTC users) will move into the darkweb and continue using BTC. |
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Why would casinos be ruined by quarantine? I'm sure they can afford to be closed for a month or two, it's not like their slot machines are going to rust in such short time, lol. And after the quarantine will end, things will return to normal and people will start gambling at brick and mortar casinos again. And if for some reason they will be doing it less, those casinos will focus on the Internet. Casinos can't just disappear as long as there are people willing to gamble, their business really doesn't care about any other factors.
The problem comes,when they are closed for MORE than a month or two.The casinos will have to fire their personnel,cut some costs,etc.I think that casino owners have to reserves to survive for atleast 2 months,but the quarantine might continue for 3+ months. Anyway,online gambling is the future.All the older gambling addicts,who don't know how to play online,will have to learn and register online accounts. |
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I think, Bitcoin is similar to WATER. In the Nature, there is water in the clouds, not gold  Any opinions?  Is this a joke?Sounds really stupid to me. In the economy,rare things are considered valuable.Gold and diamonds are rare(their mining is expensive),therefore they are valuable. Water isn't rare,it's very accessible,therefore it's cheap. I don't get your metaphor.What do you mean by "water in the clouds not gold"? |
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HODLers will HODL,traders will trade....Some traders will lose money,other traders with make money.
That's how the market works.I don't understand your actual advice,when you say "be careful".
If the bitcoin price goes into bearish mode there are only two options;
1.Sell all BTC and buy later at a lower price(probably 5K USD)
2.HODL until the bearish trend is over.
Which one do you mean,when you say "be careful"?
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This is one really unnecessary long and boring forum post,OP. There's no need for such grandiose thing as "Rebooting the World".When the lockdowns are over,the life will go back to normal.From my own experience I know that 98% of the people never change,so forget about "self-actualization" and other psychology terms.Most people will never find and embrace religion or philosophy And no,the consumer culture isn't coming to an end.This is some really bold statement. During the lockdowns,everybody is buying food,using internet,shopping online,wasting their time consuming stuff.This is consumer behavior,right? The consumer culture is far away from it's own Armageddon. |
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Good news for traders. More people would induce changes in price and would probably boost it up quite well. Still though, I doubt it would induce that much of a change since most traders have probably know how to trade BTC anyway, and this is just adding a new platform for it. Plus, just like what @pooya87 said, this doesn't really introduce any of the advantages that BTC itself has. It still views BTC as an investment, not an asset. I just hope that even with that though, more people would recognize what BTC is. Even if they do view at as an investment at first, as long as their views are widened while being exposed to it, Alls well that ends well I guess.
And what's the difference between investment and asset?People are investing in assets. Most of the people,who are investing into Bitcoin have expectations about future profits.Buying an asset is buying the opportunity of future profits.Do you think that any investor will buy BTC,just because he likes the concept?No!All they want is profit,and there's nothing wrong with that. Like other forum members said.This isn't actual BTC adoption,it's derivative trading,which won't help for boosting the BTC price,so I couldn't care less about this news coming from Canada. |
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That's great,even though I don't like the conventional education system.
I've wasted 4 years of my life,studying economy and finance in the second best university in my country(I live in the European union). It was a waste of time and I didn't learn anything new.
I don't know how good the Ukrainian universities are,but I would prefer a free online course about blockchain technology and cryptocurrencies,rather than going to lectures and paying for expensive education.
I don't believe that a university in my country would ever start a Blockchain education program.
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There's a new scam that I discovered recently.
Here are the details:
The victim gets tricked into installing a Tampermonkey script in his Chrome browser and using that script to purchase game keys or gift cards on G2A using Bitcoin.The victim is manipulated to believe that the script will change the timezone of the checkout page and make the payment session to expire,therefore Bitpay(the BTC payment processor of G2A) will refund automatically all transactions above 0.005 BTC,while G2A will complete the order and deliver the game keys/gift cards.
Hence,you get games and gift cards FOR FREE! Right? WRONG!
In reality,the Tampermonkey script changes the Bitpay wallet address on the G2A checkout page with the BTC address of the creator of that script(the scammer).The victim sends BTC to the scammers address and expect an automatic refund from G2A,but such refund never happens and the BTC are gone...
I don't want to post links here,but you can search Youtube for "G2A refund" and there are a bunch of videos about this "exploit". Usually the videos have more likes than dislikes and lots of fake sounding bot comments,about the script "working perfectly".
The Tampermonkey scam script has several names- "G2A refund glitch","timezone exploit","G2A exploit".
I don't use G2A and I don't care about this shady gaming marketplace.
If you ever want to buy something from G2A,just don't trust the "get everything on G2A for free" videos and methods that are shared across the internet.
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The price is stable even though the market is being funded
*Even though money is coming in the market , the amount is still not working for Bitcoins 2.3 trillion , right after 6 trillion liquidity fund , Bitcoins have not shown a positive dip
Nobody said and there's no guarantee that the stimulus plan will pump the bitcoin price.People should stop with this BS.When you say "money is coming in the market" can you backup your claim with some real evidence?There's no such evidence about billions of fresh USD invested into the cryptocurrency markets. If this really is a "sucker rally" then I guess that sucker rallies happen every 2-3 months in the BTC market. There's nothing to worry about. |
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In the current cryptocurrency industry "decentralized exchange" is a buzz term.Everyone thinks this is cool and innovative and this has to be the FUTURE of cryptocurrency trading,yet there's no good example of a successful dex platform.Many scammers would use that term to create scam projects and manipulate the newbies into investing coins in their "decentralized exchanges". I've never heard about Bisq,so I guess that their source code and security are far beyond perfect.  |
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