After Facebook announced it's Libra digital currency, several countries have expressed their interest of launching a digital currency of their own. China has already announced that it'll be working on Blockchain technology for a digital version of the Chinese Yuan while other countries have done the same. Most recently, German banks have requested the European Union to launch a programmable "digital euro" that would replace the current monetary system (physical Euro). All these developments shows us that we're getting closer to a "cashless society" than we've thought.
It's actually pretty interesting to see that Libra, a coin that was shot down by a lot of people, partners and the US government has sparked a trend in the world, and has likely been a reason to some of this happening so soon. Although I don't think we are going to see a cashless society, cash is still very useful for a lot of people, and instead, we might see something where governments transition from their currency to a virtual kind. While all of this is exciting, it seems that the USA will be left behind in the development of a blockchain-based "digital dollar" (USD). After all, the country has been known to be quite strict about the development of the crypto industry. With many fierce regulations against crypto and Blockchain tech, many mainstream crypto businesses and companies have decided to stop providing services to US citizens. Poloniex will no longer serve US customers, which greatly diminishes the adoption of crypto within the US. This makes me wonder whenever the US will allow a "Digital Dollar" to happen in the future or not? If it doesn't migrate to the digital realm, then I'm afraid that other countries will take the lead in the world's economy. It's a matter of being ahead in the latest technologies to obtain supremacy. If the US remains reluctant to accept Blockchain technology into its current monetary system, then it'll be left behind without a doubt.
It does seem true, it's been left behind in the blockchain race, even though there are an abundance of companies in the US that are willing to work with blockchain, I'm 99 percent sure they must have some sort of undercover team working on it though. |
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thats a total BS buddy,when i read the top of the topic though its very cheap and weird i did tolerate because some fanatics may have a satisfaction if they have the bath water just like having a water from Jordan river of those who believes in miracle that it will cure them.
but the PEE?and that CHEWED gum?that's Insane would those fan Chew as well the gum?and will they smell that expired PEE?i do't know what is happening in the world right now,but even if that is from my most admired woman in the world yet wont do anything as stupid as that.
It's the new internet culture, it's a new trend started by a Instagram model/cosplayer/weird cunt known as "Belle Delphine" and she actually has been doing this for a couple months already. She first had a "batch" of bathwater going for around 30 dollars a pop, and that ended up selling out... It's pretty interesting these niche/creepy items are being able to be purchased for Bitcoin, I haven't checked what payment processor they are using, but it seems like the person is very focused on avoiding tax and getting paid in BTC might mean just that... |
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Maybe we can ask Roger Ver what he did lol. Haha! Maybe we can ask Roger Ver what he did lol. But yeah, I think you can choose to renounce (or to be a dual citizen) once you gain another citizenship.
It depends, what happens if you apply for citizenship when you already have one of a country that doesn't allow dual citizenships? If you are a Chinese resident and you moved to America and wanted full citizenship, would you instantly lose your Chinese citizenship when American accepts you? The FBI shouldn't chase you if you don't owe any taxes or aren't wanted for any crimes though. I think people only need to pay a one-time exit tax nowadays, and that's only if you're making a certain amount.
Yeah, I don't think there are a lot of cases of people getting chased over countries, the one-time exit tax is very interesting though, I'd like to know some more about it, if you know more  |
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Young people have more financial freedom and are more likely to invest in riskier investments, so they don't have the same line of thinking compared to other people who have children and other financial responsibilities. Also, it's new technology, and a lot of young people are very interested in the newest technologies, whether it's new jobs, investments, or entertainment. Millennials are a very stupid generation who are drowning in debt and have no life skills. Bitcoin will collapse in the coming recession and wipe them out even further.
Ah!! You stupid younglings, get off me lawn!!  |
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The community seems to agree that we will see bitcoin at 50-100k, people are predicting it, doesn’t matter if it’s an ”expert” or not. This rise in price is for the most part ”possible” because of the halving next year.
One major problem that no one is talking about is scalability, in 2017 we saw 250k transactions waiting to be sent and fees up to 100$ and as far as i know that problem isn’t solved. Sure we have a stronger Lignting network but it is not used by the majority of transactions and probably not ready for it.
With this problem still ”active” how can we see a the price everyone is predicting?
And what if we consider the fact that there are a lot of hodlers? For most of them tx fees aren't huge opportunity cause they rarely spend, well it means nothing btw. The reason we can see price that everyone predicts is that you already know halving reduces number of bitcoins mined per block which to translate means 1/2 of current reward. In order to keep mining and miners, we need high price to make mining profitable again. Halving just pushes us to rise price in order to keep mining. Also you mentioned correctly, because of lighting network (despite the fact that it's not used massively), people hope that they'll be able to spend bitcoin with low fees. Some LN users and some regular users in overall will cause normal rise in tx fees which won't be critical. It depends to be fair, obviously, a lot of the people using bitcoin nowadays are mostly in it to make large amounts of profit, and will likely not even sell their BTC until the profit is reached, and this makes the network easier to manage, ofc. But, when bitcoin does become more adopted and popular, we are 100 percent going to see more transactions, which means higher transaction costs and slower transaction confirmation - which can be easily countered, if we get more miners in the coming years where bitcoin makes it big. |
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No... I think it's far from that, from recent years, there's always been a small to medium price fall during the November to December period, and my theory is that it's just people cashing out at the end of the year, but it could be a range of things. It's probably people selling BTC for Christmas presents  Nah, I don't think that Google has something to do with the drop. I mean many have been calling a drop to $7+++ and maybe they are just right. Seriously, Bitcoin Killer? many have tried in the past already and no one ever did succeed toppling BTC. We all know how the Bitcoin's price is very volatile so most probably speculators taking profit. We just have to look at the bright side and take advantage of every dip.
Yep... Google is long from QC technology and the video they made aired weeks ago. Relax mate, small dips in the market happen all the time - no need to make huge articles for such price movements. |
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This entire bitcoin space breeds greed, envy, fear, and lust. All you of hodling bitcoin are mentally ill. You have been conned into thinking bitcoin is going to the moon. It's not. Charts show bitcoin is slowly bleeding to death. Bitcoin is no different than Bernie Madoff's Ponzi scheme where new bag holders are needed to pay off the earlier investors.
Ah yes. A classic post where it's about Bitcoin's amazing ponzi scheme that everyone is all in. How hilarious. Mass adoption of bitcoin will never occur. Sorry! The price is far too unstable to be used as a form of payment. Businesses would get crushed if they took bitcoin as a payment due to the wild price fluctuations. Then you have to worry about the IRS on your ass to pay taxes. Is hodling worth the stress? Absolutely not. That's why women laugh at bitcoin and think it's a scam. Notice the crypto space is all dudes?
The first part is actually pretty fair, it's going to be hard for mass adoption to occur, unless items are tethered to the price of BTC, and not the price of the US dollar, which is possible. The part about it being all dudes... that's just stupid. Say what you will about the US dollar, but it's still backed by a democracy and the most powerful military in human history. Accepted everywhere. Bitcoin is backed by absolutely nothing. Gold is backed by 5000 years of history of holding value, and is recognized worldwide. Women love gold. It's beautiful and tangible. A real asset worth owning.
You sound like a red-neck feminist here... I'm sorry, but you HODL'ers are mentally ill and are going to get crushed when bitcoin collapses in the coming recession. Bitcoin is going to get dumped fast as people need money to pay bills and survive. If you bought bitcoin early and already cashed out with gains, you are a wise investor and have my respect. If you're still hodling, your finances and reputation are on the line here. A reputation with your friends and family you can never get back. Don't risk it. Dump your bitcoin now before it wipes you out!
Regular fudder language... Move along, thanks. |
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I detest government influence on Bitcoin. Initially, I thought it was anonymous means of transfer of value that I could use to do business with people all over the world PRIVATELY and perhaps no one would know what I'm doing, especially my corrupt politicians. But what we have today is Bitcoin that is increasingly becoming another central bank. Would you find a way around KYC is you could? https://www.cryptoinfowatch.com/privacy-conscious-bitcoin-traders-use-bisq-to-avoid-kyc/I mean, there's always a way to avoid KYC, isn't there? Could always fake your identity, which is highly illegal and definelty not recommended. It's still fairly easy to avoid using exchanges and other KYC-requiring platforms nowadays, unless you trade heavily. I am able to work with crypto-currencies fairly well by just not dealing with platforms that want KYC, Paxful, localeth, some P2P dealers, and then some decentralised exchanges + Binance (no KYC here), means I never need to show my ID. The way around it isn't that hard to find. |
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That is a true reminder man, and it is a call back for those who has been lost and seeing cryptocurrency as just asset alone for them to see more of it from the angle of freedom to control our finances. It is really sad that people don’t have full access to their money and I think this type of thing happens in Germany also, you have a limit to which you can withdraw in a day and I feel that one of the countries that bitcoin policy will work against is Germany.
It's a pretty big shock for their people, only being allowed to withdraw 5 USD worth of notes a day, although those 5$ can definelty do a lot more in Zimbabwe then the US, to be fair. Germany isn't as much, and their economy is fine to be fair. For Zimbabwe, I don’t really know where they fall because it seems like they are quite confused on what to do to actually control their economy because there was a time they were creating their own cryptocurrency, except maybe this policy is to discourage the use of fiat and encourage their own cryptocurrency usage.
They keep trying to relaunch their currrency instantly, and it's been so inflated due to the policies that the government has implemented, and I'm not sure how they can start-over now, it seems like a lost cause. |
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It's the issue with people's mindset, that's what it comes down to. When bitcoin rose to fame after it was classified as one of the best investments by the media, during the bull period, a lot of investors entered the market with the single mindset to make money, not to promote BTC adoption, or use it, just for BTC to go up and for them to get rich. It's going to be hard to shift people's opinion of it being just a storage of value or an investment option, or a get rich quick scheme and get them to actually spend the coin, but it's doable and it's going to be what it takes in the future. |
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Why do you continue to live in such country that doesn't respect your opinion and wants you to pay 50% tax? There are countries who don't tax crypto and give you more freedom. There are countries that don't care about the IRS and FATF.
Right but the FBI have this habit of showing up in other countries to arrest people, and besides, the number of countries that have minimal/zero taxes applying to cryptocurrency who also don't have extradition treaties with the US are probably few or none. The only way to avoid the US free-range plantation levies is to quit citizenship, which is difficult as they probably won't even allow the process to begin unless you already have a residency permit in a different country. Because being an official citizen is so great, the US in particular makes it incredibly difficult to leave the club. It's nothing like being being a slave at all!!!  ^^ There are many cases of people who are sick of the huge taxes that the US government imposes, so they would go relocate to other countries and they end up being chased by the FBI for not paying taxation - and it's almost impossible to get rid of your citizenship, I think it'll be easier to get a country's passport, which would mean you by default relinquish your US citizenship, but I'm not 100 percent certain if you still need to go through their process. I'm not an anarchist, but it's pretty obvious people of those nature have it tough and will likely not be living their best versions of their life. |
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Recently, I heard that China banned holding cryptocurrency and cryptocurrency transactions, so does that mean that having cryptocurrency in China would be a criminal offense? Moreover, why create such a ban in the first place?
1. China never banned holding crypto-currencies or transacting with them, they just don't support the use of it and often make crypto-services succumb to their rules, which makes it harder to use crypto-currencies for regular people. 2. Having crypto-currency is therefore not a criminal offense. 3. The reason they are imposing rules on exchanges (look at Alipay with Binance) is that they don't support the decentralized nature of crypto-currencies, and therefore want to restrict people from using it. |
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What the Governments do about that?
Do you think they can just wipe off the debt..
No, it'll be impossible, countries all owe debt to each other, and one country might owe an amount and another country might owe them money... It's the world cycle. Let's Say people own debt what they cant repay so the government can just restart everything all over again people debts will be just deleted and everything will start again?
That's never going to happen, I'm pretty sure slowly but surely the debt epidemic will just vanish. What You think what the government will do Around the world?
Are they gona replace the currency with other currency?
They will let the economy to fall Down
They will restart the whole system and nobody have no debts at all.
Resetting it isn't an option, it'll be too large scale to do it, and replacing their currency with a completely new one will not work, and still won't wipe any debts, as well as it being just a complete waste of time. |
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Given that they just hold BTC all these years means they have income from other forms of payments. I do not use their service, but I notice that they have PayPal and BTC as ways to make donations, so these are probably the ways how users can pay for premium accounts. I check their address (donation button) and it show Total Received 216.25926871 BTC - https://www.blockchain.com/btc/address/1Q1nhq1NbxPYAbw1BppwKbCqg58ZqMb9A8?page=1It is possible that this is just a donation address and the amount they own is actually much higher. I believe so, most of their users must be using fiat forms of payment in order to pay for their services, which is weird, because a service providing secure emails and privacy, you would expect them to use crypto-currencies mostly, but I guess some people like the convenience. With that said, props to them, but as a business, if they actually did hold the bitcoin they receive, that's one risky business move. Bitcoin could crash in price and the capital they're holding would be worth a lot less. But I guess if they hold long enough it's probably fine. Still though, risky af.
They probably have a target in mind - everyone does, but if they aren't desperate for income and make enough, it's fine. It's Protonmail's own blog where they have announced that bitcoin is officially added as one of their payment methods. See the date of posting the article, it show as August 2017. Now if they are saying 2014, they are contradicting their own announcement. But yes, more such service will definitely help bitcoin to become the official currency of Internet as envisaged by Satoshi himself!
I think they've been accepting BTC donations since the very start, but have only recently added it as an actual payment method. This, or they could have just bought some BTC previously. |
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No. Whenever I want to hear about the latest new news, I don't go on social media platforms like Twitter or Facebook where everything has a lot of bias, and instead, opt for a trustworthy news site where I can get a good source of information.
From the look of it, I think your twitter looks like a place where you are linking the newest news articles, which in my opinion, feels useless.
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If you're looking at this from a logical point of view, the ability to obtain more BTC essentially gets halved, so, therefore, the supply becomes even less and the price should surely go up 2x of its price, right?
That's where you are likely wrong because you are not taking into account a lot of other factors that is likely going to affect the halving, and expecting a 10,000 price increase, compared to a 400 price increase is very different.
In my opinion, we'll see an instant increase of 20-25% of prices, and then over the next month, it'll go up 50% and stabilize around there.
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In my country, the policy is quite strict - although since it is new here, a lot of people are able to getaway. Pretty sure the way it works, is that it only gets taxed if you convert it into real currencies, and if you earn any BTC, and don't bother selling it for fiat, it's very easy for you to simply avoid taxation. I don't think BTC ATMs are viable, mostly due to the 5 or so percent fee they charge, not the safest measure to be honest. |
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There's still a lot of people who do that, whenever I browse the economics and speculation section, I still do see a lot of "50k soon?" or "BTC to 2 mil next year", with just some extremely stupid estimations that people make, although with the loss of some signature campaigns and other earning options, it definitely does look like this has slowed down.
It's pretty obvious that no one is ever going to be able to predict the price of bitcoin, but people still try and what can you do?
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When you're thinking about a porn coin, the first thing that comes into my mind (after the porn coin scam ICOs a couple of years ago) is something that is privacy-oriented, and very, very secure.
However, it doesn't look like pornhub or their sex workers care that much, if they are happy to take PayPal payments, I'm sure they would be fine with BTC and ETH compared to privacy-oriented coins like XMR, DASH or GRIN.
Paypal made a huge mistake, not sure why they would just cut off their business like that.
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And truth is going to be the authority for this coming age where we the people demand accountability and honesty from our governments and politics.
So IMHO Bitcoin is going to the immutable truth which hold the age of information and accountability together...
Buy the dip!
Cheers
We can ask, and demand, and pray for all we want from the governments and politicians, but it's still going to be useless unless we can actually pressure them into doing something about it, doing something for us. People and governments will take every inch you give them - don't do this, and don't give them all your details, don't let them track everything and control your money, be the bank, and control it yourself. Buy. The. Dip. |
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