Let's suppose that you bought all the fiat currencies in the world and you decide not to sell them. How can you benefit from them? Well you can wait a couple of months and then visit the banks that issued them to claim an enormous wealth in the form of land, buildings, vehicles, machines, equipment and other property that the banks seized from the borrowers. Namely, given that you bought all the fiat currencies, borrowers are unable to get the money for their loan repayments, and unpaid loans, lead to seizure of the property that was pledged as a collateral. Given that the money issued by the banks is the liability of the banks, you as its holder have the claim on the bank's property. Now, why you have such a claim in the first place? The hypothetical situation you are describing is complete BS.Have you ever heard of fractional reserve banking?I will be glad if you really go to a bank and claim something in exchange for your precious fiat money. I guess you mean bank deposits,not actual fiat money.If all the bank customers claim their deposits at the same time,the bank just bankrupts and it won't pay anything to anyone. Bitcoin is backed by the trust of it's users in the blockchain technology. Fiat money are backed by the "trust" every nation has in it's own government. |
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I read this post on Instagram , was more of a fact page , they talked about the tax system in the old periods .
One such country astounded me , the system was simple yet effective.
So at the end of the month or the year , only the richest people were supposed to pay taxes and it was considered a big honor , then the highest tax payer was awarded in a way where he was supposed to do something good for the community , like Making road or something .
Firstly I do not take credit for the post but I do think ,this system was rather effective , how did it come to this.
People actually thought of it as a rewarding system instead of escaping from it .
Do you think it was fair ?
Do you think the government needs to look back and search for alternatives , for the loop holes ? Taking some inspiration from the past.
(Unfortunately I wasn't able to find the specific site giving information about it please post the link below if you are lucky enough to find it )
The tax system you are describing never existed in any civilization in the entire human history.I guess the author of the Instagram post was describing some sort of utopian society,where the rich people are generous and want to give more to the community.The tax system described in the post is everything else but effective.In every country in the human history,most of the tax revenue are gathered from the middle class and the working class.The rich people could avoid tax payments,because they can corrupt politicians and clerks,or they could simply move to another country. |
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I like the idea,but building a game from scratch isn't easy at all.
If the game isn't entertaining enough,nobody would bother playing (even if it's really informative).
A game with asking and answering questions seems really boring.Kids and teenagers simply won't be interested into such game. Do you have any concepts about the game design?
Will you outsource this to a game developer?Do you have a budget?How do you plan to fund this project?
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It's weird that there are no news about protests in Algeria in my country.I live in the EU.
25 million people on the streets?I think it's a little bit exaggerated.If there were 25 million people on the streets on Algeria,this news will be on CNN and every mainstream media on the planet.
The protests were most likely organized via social media platforms like Facebook and Twitter,and I really doubt that those protests have something to do with Bitcoin or cryptocurrencies in general.
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What makes the news shocking?Are you a Binance user? The authorities in Malta can deny authorization to Binance and yet Malta can still be considered a crypto friendly country.If Binance isn't meeting certain requirements,it's perfectly normal for the authorities to refuse to give them a license.I'm not familiar with the crypto regulations in Malta,but they don't just allow any company to operate there. We will NEVER convince any government in the world to accept cryptocurrencies.All governments will stick with fiat money until the end of the current financial system. |
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That is a very bad news for the market. This news might affect the price of Bitcoin. I am amazed by the increasing number of attacks by hackers now day. It has become so common.
This can be an insider's job, if you look into the amount that was stolen. I don't see an "increasing number" of hacker attacks.Such attacks are a constant threat for the last 6 years and hackers are only getting better at finding weak spots in the security systems.This is a never ending battle.Perhaps the amount of hacker attacks goes up a little bit,because of the BTC bullish price trend,but this is not a significant amount(and there's no exact data about all hacker attacks that are reported). However,how the hell can someone HODL such large amounts of BTC and BCH on one place?This is really stupid move.I agree that it's most likely an insider's job. |
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Tbh it wouldn't surprise me if this was all orchestrated by the US.
A few us citizens caught it, I don't think any from the UK did...
There are clear advantages to shutting down China... The US is disappointed that China controls most of theirarlet, they're the only country that produces a lot of electrical products like lithium ion batteries (Australia make some too). Much like the killing of one of irans military operatives this could just be a case in the long line of US medelling to ensure it stays on top...
China has a problem witb mortality from this disease too because of its pollution levels. Pollution inhibits some of the functions of the lungs and if coronavirus leads to pneumonia then that's the reason it can be deadly.
There is certainly something not right with it all i was waiting on China announcing there own crypto, that was my next big piece of news expected for 2020 and libra... then now corona coin comes This is a conspiracy theory that can't be backed by any proof or facts. The influence of the corona virus is exaggerated and there is social media hysteria around the virus for sure,but using a virus to damage the economy of China?Only because China wants to create a cryptocurrency.Really dude? I don't believe this.I don't think that Trump is that cruel. He is dumb and a little bit crazy,but definitely not smart,sneaky and cruel. The coronavirus is just a mutation of an animal virus,that moved from animals into people. Shit happens in mother nature sometimes. |
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I'm looking for a way to send Bitcoin to people in countries which lack Internet access. After all, being able to send Bitcoin in a safe and secure way over SMS/Text messaging would prove to be extremely convenient for "offline" transactions. For once, I've heard about a crypto service which allowed people to send Bitcoin over SMS/Text messaging. But I can't recall its name. Still though, it relies on a central operator/middleman. I'd prefer a solution that would allow me to send BTC though SMS/Text messaging in the most decentralized way possible. Do you think it's possible to do this? Are you aware of any methods to sent BTC through SMS/Text messaging without relying on third parties? If it cannot be done in a decentralized manner, I'd still like to know if there are mainstream companies offering such possibility to Bitcoin users. Thanks in advance.  If you want to send bitcoin without internet access,just print some paper bitcoins and send them via post mail.I think this is way more secure than SMS/Text Messaging.I've never heard about a crypto service that allows sending cryptocurrencies via SMS.Maybe there are some to be launched,but I doubt that they are effective and working without any technical issues.If you ever send BTC to a guy that doesn't have intrnet connection,how could this guy use those bitcoins to buy anything???He doesn't have internet.Have you ever thought about that? |
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Last year,I had 0.27 BTC in one wallet (but I sold them) so I was pretty close to the "golden ratio" I guess.  I have never accumulated 1 BTC for one year.The whole sum of my buying,selling and earning activities with bitcoin is about 1.5 BTC from 2015 up until now.Anyway,those "1% richest bitcoin holder" statistics don't mean anything.They are just for entertainment purposes.The daily/monthly/yearly BTC trading volume is a way more important metric. |
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Guys, It's time we need to be more cautious and avoid panic sell or massive buy we might see more of these market fluctuations which might be tempting as well as bothering. Please consider a broader picture before making any decision and consult with fellow peers rather than falling for a bull trap or panic sell, lets learn from our mistakes we made in the past.
Learn from our mistakes?Well,it's easier said than done.I consider myself a moderately experienced crypto trader and I sold 0.1 BTC at 7K USD 4 months ago.I guess I was defeated by the panic selling syndrome,because I was expecting the price to drop below 7K USD.Now I'm 1000% HODLing all my bitcoins until the summer.Consulting with "fellow peers" doesn't guarantee that I will make better trading decisions. Let's hope that the price will be slightly above 12K USD after the BTC halving. |
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The leading cryptocurrency exchange in the United States, Coinbase, has been approved as the very first “pure-play” crypto-related company to become a Visa principal member. Supposedly, this would allow the exchange to further improve its customer experience. I know Coinbase is a centralized crypto wallet provider and bla bla but here are some facts to consider: 1. Coinbase is the first ever crypto company to manage such approval. 2. Visa manages a market cap worth $466 billion 3. Visa is the largest payment settlement provider in the world based on volume Do you think it is a great step towards mass adoption? Will it be a positive or a negative? News ref: https://cryptopotato.com/visa-approves-us-cryptocurrency-exchange-coinbase-as-principal-member/Coinbase is a company that gets bigger and therefore gets more attention from other big corporations. Do I think a corporation like VISA cares about cryptocurrencies and mass Bitcoin adoption?Definitely NO. Do I think that VISA wants more transaction fee revenue coming from crypto users?Definitely yes. It's just corporations that want to partner in order to make more money.I doubt that VISA will ever help the crypto community by adopting crypto payments.VISA is a puppet of the "fiat banking" financial system. |
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It is both sad and tragic to think that a company that made over 5 billion dollars in profit is firing 35 thousand people just because "they didn't profit enough". That is right, 35 thousand people and with their families an estimated 70 THOUSAND PEOPLE will suffer unemployed, all because HSBC wasn't making enough profits with over 5 billion dollars. What could potentially happen if HSBC kept those people? They might make 5 billion dollars in profit and not 10 billion but they would help with the economy of the whole world.
Every bank works as a business and every business is all about efficiency.If they think they aren't efficient enough,they will fire thousands of people,even if they have 5 billion USD profits.It's all about maximizing the profits.And that's perfectly normal for a business,they aren't a charity foundation after all.HSBC has shareholders,who want bigger profits.Digital banking is a thing and more and more banks will fire their employees.The people who were fired are well educated and qualified,they will find another job,so don't you worry about them. |
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The full report for free > https://www.forrestvisions.com/blog/bitcoin-and-ethereums-energy-consumptionWith this high barrier to enter the market, it puts a lot of centralization on these mining pools. Most people will simply buy bitcoin and sell when it increases to make passive money, instead of running a miner. What are your thoughts on the energy consumption ecosystem right now? Bitcoin is on a bullish trend,so the FUDsters some again with the same old "bitcoin consumes too much energy and pollutes the environment" type of BS.OP,please don't put "centralization" and "mining pools" into one sentence.If the big miners stop mining,the mining difficulty will drop and mining will become profitable again for the middle sized miners.The Bitcoin/blockchain mining process is flexible.Buying bitcoins is the way to do,if you live a region with expensive electricity. |
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If you ever find investors that are willing to invest BTC in your project,you will have to sign contracts with them clarifying profit shares,refund policies(if the project fails),liabilities,and all the other legal stuff that gives the investors some sort of guarantee that you are not a scammer(and if you are a scammer,they could sue you,because you broke that contract).If you are not willing to sign such contracts,then begging for cryptocurrency donations and crowfunding(which is kinda similar to asking for donations) are your only options.
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I don't understand what exactly are you trying to say.Can you provide some example?
I wouldn't use a bank loan for leverage trading,because I don't have any collateral to cover that loan.I don't have any valuable real estate to use as a mortgage and I don't have people to guarantee the loan(if it's a consumer loan). The current Bitcoin price isn't that bullish and we might witness some price crash or correction during the next months,so I don't recommend using debt in crypto trading.
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I feel very inspired right now. I just came across a video in which there's a Bitcoin ATM in the country! I feel so glad to see how Bitcoin is getting adopted. This proves that after all, our promotion of bitcoin is helping in spreading the news. And we aren't planning to stop the promotion anytime; we're even planning to hold more seminars to help people know about bitcoin. Now, one of the advantages of this Bitcoin ATM is that anyone who doesn't know what Bitcoin is and sees it would ask what the machine is used for, and from there, it just keeps spreading!!! Watch the video here to see how it works. BTW, What progress is happening in your country? If none then try doing more in favour of bitcoin (for countries that find bitcoin legal). Opening only ONE Bitcoin ATM doesn't mean mass adoption.It doesn't mean anything,if you ask me. Congrats on the ATM,but I don't think this news deserves much attention. Anyway,It would be nice if there's more info about bitcoin posted somewhere around the location,where the ATM is installed.It's free local advertising of Bitcoin after all.I hope that more people in Nigeria would start using Bitcoin. |
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I always see what is the difference but I want to know what is their similarities. Show me what you know.
The main 2 similarities I can think of is the fact that both bitcoin and gold are scarce and both are considered investment assets,so they both have value/price.Some people might argue about this,but I think that both bitcoin and gold aren't considered currencies.Gold was actively used as a currency in the past,but not anymore,while bitcoin doesn't have all the prerequisites a currency has(stable value/price,being convenient to use,etc...). |
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The Bitcoin price is a little bit above 10K USD and the "FUD Army" has been awaken again.I was expecting this to happen again.The same old "bitcoin is bad because it helps money laundering and terrorism funding,bla bla.." type of BS.The USA is an empire and the US dollar is the main tool to sustain that imperial domination.Bitcoin isn't even close to be a threat for the US dollar and some people even promote the conspiracy theory that NSA/CIA have created Bitcoin.The author of this article is delusional. |
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Saying that more regulations will protect the citizens is so far away from the truth.
The whole purpose of the government regulations over the cryptocurrency industry is to remove any layer of anonymity,in order to prevent money laundering and for taxation purposes.I don't believe in the "having more regulations will protect crypto users from scammers" type of BS.This simply isn't true.The governments want more taxes and more control over our data.That's why they regulate the crypto world.
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Take our cryptocurrency quiz and find out whether you are an expert or a beginner. It is interesting to find out if Satoshi Nakamoto is present in BitcoinTalk forum, or else who is the next Satoshi Nakamoto? Crypto Quiz | NIOC ExchangeGreat quiz.I really liked the webpage design and the questions.I have forgotten about the Coindex price and the PBOC decision about Bitcoin that happened back in December 2013.Unfortunately Satoshi Nakamoto is not present here at the forum and never will be.There will never be a "new" Satoshi Nakamoto.  |
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