Why do we want to crash fiat in the first place? I always see this kind of posts and it came to a point that I don't know anymore why do we want it to crash. Don't you have any conscience that when a crash happens, people will be losing their jobs and a lot of people will be starving, society that has fiat ingrained in its core will spiral into chaos and no amount of bitcoin will save you if this things happen, it will take a year to recover if there is no war that will follow after the crash and that is wishing that it won't happen but we all know that it will happen. Shouldn't coexistence a better option for everyone, no crashes needed and the growth of bitcoin is secured because there is no unrest because there is no crash.
Check my posts, where do I say "I want the Dollar to crash"? (HINT: I didnt say it) The global economic stimiuli to the pandemic sees mass printing of FIAT this will lead to hyperinflation so the value of a Dollar and FIAT in general will crash. This is just a result of printing trillions, not the main intention. For fiat collapse, it won't affect major currency like USdollar because they understand the control system.
What control system is that? raising taxes?
-snip-
In the foreseeable future, the USD is still going to be the dominant global reserve currency and the default unit of account for financial assets. But the CNY is going to be posing a real formidable threat. With the launch of the digital CNY, this process has accelerated. I suggest that you take a glance at Ray Dalio's piece on the CNY potentially becoming a global reserve currency - he essentially predicted that it would be a matter of time. BTC will and is already a unit of account for a particular niche of people, but until the fiat system implodes ultimately, this is not going to occur on a widespread scale. The Chinese ecomony is only #2 compared to the US economy. From the correction/crash I think the gap will close between the two but by how much is anyones guess. Im trying to get my head around valuing anything in Bitcoin or Satoshi. |
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I've never used a Bitcoin mixer because while I support privacy, I'm okay with my transactions being visible on Blockchain and I don't feel threatened by it. It would be very interested to see anonymous research on users of Bitcoin mixers to see who are the people who mainly use them. It might be criminals, like you say, but it might also be people who're worried about being traceable even though they don't do anything illegal (they just don't want corporations to track their actions, push products to them and stuff like that). Do you have any research showing that it's actually only used for serious crimes?
Simplest counterargument: by using fiat, you're supporting terrorism because terrorists are using it.
I've used mixers so that someone who's given me BTC loses its track. Imagine you've purchased $100 worth of BTC from a stranger and they suddenly start stalking you. They've got your entire immutable and undeniable history of all your txs since your purchase.
I've used mixers so that older addresses of mine don't get correlated with new ones. Who knows what kind of info those 2013 BTC accounts of mine held.
I just don't want my personal space invaded. Period. The fact that privacy is now considered to be a criminal's tool is sad.
I want to use a mixer in the near future for these reasons. We know that Bitcoin transactions are not 100% anonymous, mixers add that extra feature for legitimate reasons and benefits. Criminals and scammers can use Bitcoin but we dont like the narrative of banning the use of Bitcoin. -Snip- Satoshi Nakamoto is Dr. Craig Steven Wright.Accept the truth. It will destroy your myths about bitcoin being useful for criminals and anarchists and being against governments and banks. Satoshi is not some young cypher punk with a dark hoodie sweater like you all wishing and being lied to a long time. Bitcoin is not censorship resistant and not secured by cryptography. Nodes are miners and nothing else. Your small local home node is worthless. The reason why almost everyone believes this, is because almost nobody understands bitcoin  And and BTC is simply not Bitcoin anymore. Wake up. For someone who vocally supports one of the shadiest criminals on the face of the planet, you're not really in a position to take the moral high-ground here. This is shocking, good sleuthing DooMAD |
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I don't know what country you live in, but I'm pretty sure that the Chinese value bitcoin in Yuan, not USD (though I could be mistaken about that). I'd always assumed that bitcoin was priced in whatever local currency you're dealing with.
As to your question, if the US dollar hyperinflates (and man, I'm really hoping it doesn't in the near future) then obviously bitcoin is not going to be valued in USD primarily--though it still could, it would just be a mess to do the daily conversions. But think about how payment processors like Bitpay operate. They value bitcoin in terms of whatever fiat currency the item you're buying is priced in, so USD would have to be one of them.
This is making my head spin, because I hate thinking about how much trouble the US dollar is in, and I don't see how the government is going to undo the mess they've put all the US citizens in with all the money printing, stimulus, and everything else. But at least bitcoin isn't affected by any of that--that's the good news, but only if you own bitcoin.
Im in the EU and I check the Bitcoin value in Dollars because most of the crypto commentary I get is centered on Dollar pricing. I dont have any answers but its interesting to hear what people think. So if/when the Dollar hyperinflates I suppose people would continue as they are |
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I'm pretty sure we all (or the majority) price Bitcoin in Dollars regardless of which
country we are in, I stand to be corrected on this though.
We are all certain that the Dollar and other FIAT are going to crash in the near future
or after we get to grips with this pandemic and financial aid ends. When this happens
we wont be pricing Bitcoin in Dollars.
What will we be using, Chinese Yuan?
or will we be pricing everything in Bitcoin?
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As Lucius posted congrats to the people who had the vision to get into Bitcoin in the first place and secondly to hold their investment. As Bitcoin increases in demand and value we will see more and more people/wallets move into these groups Congrats to you if you are one of the 93 thousand addresses holding over 1 million dollars in BTC.
Huge congrats if you are one of the 8 thousand addresses holding more than 10 million dollars in BTC!
There's also more than 423 thousand Bitcoin accounts holding more than 100 thousand dollars worth of BTC, so if you are in that club that ain't too shabby either!
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Saylor.org have again released another free course which is 6 hours long. PRDV410: Introduction to Java and Object-Oriented ProgrammingCourse Content: Unit 1: Fundamental Concepts of OO Programming Unit 2: Using Java for OO Programming Saylor.org also offer a Computer Science course and a Python Programming course, See the OP. |
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ignorance, stupidity, need, desperation, laziness, there is a lot more reason why there are people who keep falling for this kind of scam and no matter how much people try to publicly warns them of this kind of dangers on the internet there will always be people who will miss the warnings or just completely ignore it. also, you'll notice the majority of the victims of these scams have no idea what the other guy is talking about and I am sure you know that a lot of people can be easily persuaded if someone promises great results on what he/she about to do.
And simply "do your own research", which people generally dont do. Alkl the scammers have to do is just sound and appear legitimate and there will be someone who will be snared in their trap. If it appears too good to be true, it usually is!Everyone knows this saying but on these occasions people fail to consider it. |
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O M G
I never thought about that, thanks for creating this thread and raising awareness.
It makes total sense that hackers/scammers would use a simple keyboard download
to record "key strokes"
I dont use a downloaded keyboard but have done in the past.
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Is another American company that he knows buying bitcoin? I speculate that he might know something and that he might be buying now before the something he knows begins making a move on the market and pumps the price hehehe. possibly! Dont forget the "Bitcoin for Corporations" online conference they hosted He is banking on the interest generated from that. The general vibe from him is that he will continue buying regardless of price. He is looking Long term and this year is still the "earky adopters" phase. |
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Just thought I'd let people know that freebitco.in took wagers on the various Six Nations games for this round that were just held. (Follow the link in my signature  ) Not sure who else is offering odds other than (Thanks to @Saint-loup for providing the link to Odds Checker) Posts two and three have been updated - it's a work in progress. I posted a list of sites offering odds on the Six Nations on page 1 Just double checking my links below I see that GT Bets are not offering odds on the Six Nations but they do on other Rugby competitions. I cannot see any that are offering odds on the Womens World Cup. |
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What kind of speech you want satoshi to give again, whatever you need to know is on the whitepaper, isn't that the reason why whitepaper exist ( I always wonder why it is called whitepaper though)
Satoshi is resting somewhere far away and don't have the need to address and speak to people about what he created, he had done what needs to be done, your own part is use it wisely and enjoy it.
Sounds like the OP is in a hurry to get to $100k and wants Satoshi to accelerate that journey. I agree as do the majority of people here I guess, We dont need to hear what Satoshi might say about Bitcoin, Satoshi created it and left it to others to carry it forward. The Satoshi entity will be happy with how far it has grown and is happy to stay silent. |
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ah you cant blame them for getting into crypto, that is where the future is, they see it
and know they are getting in early while others delay.
They are a business and like all business they exist to make growth and profit and
not get left behind.
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They seem to be too old to understand this new advancing technology.
These older generation, narrow minded politicians with their privilaged positions are
the problem may actually be that they understand bitcoin too well. look at who are these old people who make negative statements about bitcoin. they are all corrupt one way or another or at least have a stake in something else that bitcoin has been threatening. it is because they are scared of bitcoin that they are lashing out these days while seeing the magnificent growth it has. absolutely BrewMaster! they are scared about their FIAT based investments, there really is only one show in town and it threatens all others and they bloody well know it. Do these people really believe they can stop the migration into Bitcoin? |
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These older generation, narrow minded politicians with their privilaged positions are
ways going to stick to their outdated views to remain in their positions.
Dont care what she says or that she agrees with yellen.
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This makes total sense to utilise mining's by product - Heat.
Mining inside the arctic circle requires less energy for cooling and the heat
generated can offset the costs of heating other areas of a building.
I think that a lot of data centres favour a temperate climate to the cost
of heating and cooling isnt as great because the climate temperatures dont
swing greatly, adverage 30°C swings from -5° to +25°
Mining I recon would prefer constant cold climates.
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Its only a matter of time, it will be this week for sure. A lot of weak hands are looking to get back
in after relinquishing Bitcoin last week and realise yet again Bitcoin isnt going to $10k.
$50k resistance will be broken again
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I would reservedly say anything is possible. Two weeks ago I replied in a post that Bitcoin
wouldnt have any more 20% drops, and here we are just recovering from one. So im no
good at making price predictions.
One one side I wouldnt be dissapointed if it corrected 70%, for me I would try and acquire
as much Bitcoin as possible again at $20,000.
How often do these price analysis predictions come to pass?
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