Just like everybody said, why would he come back? The possibility of that would be minimal, but the best thing he could do is probably consult different types of blockchain-related projects, knowing that he has a solid background, being one of the developers who started all of these Cryptos. If you want to check out different articles about him I saw this on the web. https://www.google.com/amp/s/cointelegraph.com/tags/gavin-andresen/ampI don't think that's going to be something he'll be interested it, it's fairly obvious that he is very smart, rich, and pretty influential, and the most a project can offer to him is even more fame and money which just isn't needed. I think it's fairly likely that he will return in a couple years or so, having slowly worked on his own personal blockchain or fork of BTC, and then try and get people to use his solution, which I don't think is going to end up happening - he's been outdated. |
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I recently went for USA Visa interview , i.e I applied for a business visa.
For the purpose of VISA, I needed the documents to show my bank balance, therefore I went for getting the bank statement sealed and signed from bank authorities. I am from India the bank in which I have account are one of the best banks in my country.
Now first I took out print out of 6 months statement, then went to bank physically, then the real pain started, they told me to put a seal and sign on my Bank Account Statement, they will charge 100 INR for one month's statement, and I felt cheated, I felt these guys are in a business of monopoly, for my money, my account, they are charging money from me just to authenticate that my balance amount is right.
That's weird as fuck. Even though 100 INR is only around 2 USD, it's still pretty unfair to charge. In my country, the banks charge something like a $1.5 dollar fee to mail you statements to you, but most peope opt out since online statements are just so much easier. If they are charging you that to print out a statement, that's bullshit, but if it's something like a sealed or specific document, it does make some sort of sense... We surely need crypto currencies, and do not need anyone else's validation to proof that we have our own money. More and More Power to BitCoin.
Signing an address with your funds is just so sick, an aspect of that can definitely be incorporated in the real world money. |
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Jesus... I always knew some of the numbers that were brought up by companies like ZW, BMW, and some other exchanges were likely fake, but I didn't know the statistics where this exaggerated.
It seems like the majority of the exchanges that are looking to fake their volume have a goal of creating insane profits off IEOs, and often at times, they would buy up the IEO's tokens themselves, or pump the market right after, so all of the IEO's held on their platform would be classified as successful.
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I don't think sim swapping is a huge issue nowadays, a lot of companies where I live have added their precautions and policies when it comes to getting a second sim with a number, which usually requires the old number to be verified, or their ID to be verified.
It's more an article showcasing how careless some people are. With bank accounts it's fair, people should probably make sure transactions over 10,000 require a lot more ID, and crypto definitely needs to be stored on a hardware/cold wallet that can't be affected by the internet/these sorta attacks.
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From previous trips to Hong Kong, I remember them actually being pretty advanced when it came to cryptocurrencies and bitcoin adoption, when I went there to go shopping and blow some money, there was a mall where every 4th shop seemed to accept BTC, although I would never buy anything (since they priced BTC lower then it was and also there was an extra transaction fee you needed to pay), it was a fun experience.
I believe the HK press had an issue with Bitpay, but that's the last thing I remember happening to them.
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~snip~
Not only does Zimbabwe have a bad economy, Venezuela is an example of this, they have similar problems, when a new currency is issued, the monetary cone changes, cash bills are exchanged in Colombia causing shortages and inflation increases. The Venezuelan government launched a token-cryptocurrency that is being implemented as payment for certain paperwork, such as issuance of passports, apostille of documents, among others, since all the resources taken by the traditional economy have not helped them, in countries with high crises and very high inflation, the most radical solutions do not work, however it has an ideology for its cryptocurrency but not Bitcoin, which, is totally contradictory, is something like what China wants to do. I think that the solution for the particular economies of both Zimbabwe, Venezuela, Argentina and all countries in financial crisis in serious condition, should take Bitcoin as an immediate refuge, thus having a benefit as a whole, for them they would get some liquidity and to The Bitcoin economy would increase demand resulting in an increase in the value of Bitcoin, that is, everyone wins, this is a way to start looking for financial freedom. I think it's a pretty fair comparison to make between Venezuela and Zimbabwe, they both have had horrible governments that ended up ruining their countries economy, although Venezuela has been a lot less restricted and the people have naturally adopted bitcoin for a lot of their money. I wonder if Zimbabwe is going to keep trapping its citizen's money, I'm pretty sure they were a lot of people who were actually getting their money into Bitcoin or another crypto-currency during their financial issues, I don't agree with Zimbabwe's approach and it looks like the method that screws a lot of people. |
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Even though the stats here are likely way out of date, with there likely being of bias when it comes to conducting these surveys, I don't doubt that bitcoin is quickly becoming fairly popular for the growing Australian population.
It's already a fact that a lot of the venture funds or retirement fund managers are starting to lean toward the crypto side of things, and the Australian government is handling it very well, and allowing the currency to actually see some use and flourish, mostly leaving it to the companies to pick and choose.
Its not actually bias but rather it wont really be that accurate and as said above this do only being surveyed by just hundreds of those retirees. I'm saying it's biased because the article might be written by someone who supports bitcoin, and therefore wants more people to do as well. This could result in him/her picking people out of advanced populations, out of the richer people who have funds to blow on investments like crypto-currency. It would be impossible to do very accurate survey on this, there are way too many factors (here are some examples). - Location (no-one in a rural area is going to have BTC) - Age (younger people are more likely yo have BTC, although doesn't apply here) - Socioeconomic Status (obvious reasons) |
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Don't think they are going to get a lot of attention, Bitcoin mining was only really big from 2017 to early 2018, and it has definitely died off in recent years.
Unless they get a lot of attention from their institutional investors, I doubt we'll be able to see a lot of hype and success from their operations, both companies need to downsize their operations in the future years.
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It would be very hard to do so, to live on BTC you'll have 2 main conditions
- You'll need a decent sum of BTC to be able to pay for everything or a source of income that pays you in crypto-currencies.
- You will also need to be able to find stores for food/water, transport, recreation activities, and real estate options that are able to be payable in BTC, or at least accept gift cards (which are usually able to be bought for with BTC).
Right now, this very hard to do, unless you live in a country with fairly high adoption rates (eg, Singapore).
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Even though the stats here are likely way out of date, with there likely being of bias when it comes to conducting these surveys, I don't doubt that bitcoin is quickly becoming fairly popular for the growing Australian population.
It's already a fact that a lot of the venture funds or retirement fund managers are starting to lean toward the crypto side of things, and the Australian government is handling it very well, and allowing the currency to actually see some use and flourish, mostly leaving it to the companies to pick and choose.
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One would think the Chinese would do better, and i think they probably will, but not in that regard. Anonymity is not something a police state needs, or is willing to concede giving. Back in my country, anonymity is forbidden (in the constitution, no less), imagine that... You'd think the Chinese have more freedoms in their "communist" constitution?
Right to Anonymity i think is even a constitutional right in America, but unconstitutional here. What is it in China?
Speaking of controlling anonymity, you can already do that with Bitcoin. Disclose your wallet address if you want. Maybe politicians should, or NGOs, or anyone that would want their wallets audited for whatever reason.
Just look at their work, it's so obvious all that China wants is control of their population, and they even don't mind giving away some 'anonymity' to make this stuff easier, it's not even real anonymity since their entire infrastructure is all controlled by them. What's the entire point of this? I doubt China would create an even, semi-anonymous coin for their citizens to use when they don't need it and I'm pretty sure their entire population knows is bullshit anyway? This is some confusing shit... |
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The complete opposite of actual technical analysis, just from looking at 2-3 minutes of his "analysis" it looks very biased and most of his videos just include him emotionally rambling.
He just seems like a cool and presentable guy, perfect for advertisers = his channel gets pushed out to other viewers = he eventually turns some of them into subscribers and fans.
Don't trust any TA related to Bitcoin, it's impossible to predict and the people who think they have cracked the formula are just fools.
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You most likely can with smart contract cryptocurrencies if you're specifically referring to automated monthly donations. Unfortunately, automated monthly sending of funds isn't currently available on bitcoin(as far as I know), but as far as I know it's very possible through the lightning network. But of course, feel free to make donations to your favorite content creators if they publicly disclosed a donations address. If they don't, ask them to.
That's probably the main issue with bitcoin becoming a donation, it's pretty good for a single transaction, but compared to the other subscription models, it's just impossible to have it auto send monthly payments - unless you look at other cryptocurrencies and use a smart contract. If you just want to help out, send a fair bit of BTC and don't worry about them for another year or 2, unfortunately these are the compromises we need to make with BTC in certain situations. |
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I've been tossing around the idea of starting a group of people who are committed to buying Bitcoin every month. Can be a small portion, like 5$, or however much people can afford (I suppose it would make sense to use higher amounts for fee reasons, though). I myself have set up a monthly wire transfer from my bank account to Coinbase and a recurring purchase of Bitcoin every 1st day of the month. This is really simple, and you keep investing and $-cost-averaging your BTC purchases.
To be clear: I don't want you to send money to me or anybody else, I don't want to make money decisions for you and this is not investment advice. What this is about:
1. Explaining the benefits of buying periodically
2. Showing ways to do so
3. Compile a bunch of people who want to display their commitment to buying Bitcoin
So, it's basically a group of people that would invest in bitcoin each month, but with all different amounts and all the money all goes to their own wallets/addresses. Seems pretty safe and cool. Also, I don't really care what you do with the BTC you purchase over time. Of course, in order to keep demand up you may want to HODL them or earn interest by lending them. Otoh, if you want to foster adoption, I'm also more than happy if you spend them. And, of course feel free to sell them after a bull run. I don't mind, so long as you keep buying every month :-) If you already have set up recurring purchases or you plan to, feel free to fill in the Google form and I can link it to a spreadsheet. I might also prepare kind of a guide to give some background information. I created a Google Form where anyone who wants to express their commitment to BTC can do so: https://forms.gle/rjD81677yipAVhtaAGreat motive mate, I appreciate people like you in the community. A cool sorta spin-off to this could be something where people buy BTC and are forced to spend it to promote adoption, and then showcase what they've spent it on the recent weeks. |
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3-3.5% isn't that good, and I'm not really sure if those numbers are that accurate. Most advanced economies like the US & China have already slowed down in economic growth and I'm not sure how their companies will be able to increase their share prices if the outlook for everything is fairly bleak. The big money is in developing countries now, those ones have a lot of room to grow and look huge.
Crypto is definitely going to be a lot bigger than just 3%, but it could also go to shit, so I wouldn't really compare the 2, not really fair.
See the problem now with Bitcoin and crypto? It's made everyone just think in wholly unrealistic settings. 3% annual return on stocks is a really, really good thing, compounded that's easily over 40% in a decade. In the US that easily overcomes the inflation for US dollar. Okay, I definitely see your point here, a free 3-3.5% interest for a relatively low-risk investment per year is definitely great for a lot of fiat investments, although with bitcoin often doubling/tripling your money if you're playing your cards right, it's pretty hard to pass up. I reckon the biggest issue at fault here, is the natural inflation rates that every country goes through per year, which is usually around 2-3%, a lot of people don't end up realizing, but oftentimes, putting your money in a savings account actually loses you money since those rates are lower than inflation, and when your looking at this entire system, you realize, unless your profits are over 2.5% a year, you are likely losing money. And that is why me and a lot of other people deviate towards crypto-currencies. |
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Great graphics OP. I love the animations.
I'm going to tunnel vision on 2 things - the wire transfers section as well as the it's yield statistics.
Wire Transfers - I'm confused why governments and banks are still allowing bitcoin to utterly destroy other companies in this sector, there is just no other option that is as fast as BTC, and the 2nd best option, transfers, usually takes a couple of hours up to a couple of days.
As for the yield section, it's kinda satisfying to see that put into a chart and real numbers...
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It's a pretty big issue with a lot of platforms, the centralization of it. Those ones are companies, and if they don't provide any actual value to them and aren't good for advertisers (cough, cough, youtube here), they will likely receive shitty treatment from them.
There's a couple of platforms out there that work with crypto-currency, and even though there isn't one out there that offers a decentralized option so people can't get booted off, the one I'll link below are at least a decent step.
Bitbacker.io
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Please add this link to the original thread OP, it'll help the people to understand your points a bit more. I think it has been taken out of context a little bit because the article where you have probably get that is not a shill. It's not to entice other people to invest, and it's to let people know that there are other things you could do with your cash, which is true. Instead of just investing in the stock market, try different options like: - Investing in your education
- Save money for another investment not just keeping it in a bank
- Have emergency funds
- Have no debt
That's what I got off it as well, the structure is actually fairly similar to a lot of the global economic reports I've read previously, (The IMF Outlook ones come to mind), and it's just providing estimates via stats. Maybe a lot of people would look into Bitcoin or any other cryptocurrencies out there to invest in, and you would soon realize that it's another instrument that could give you profitable results as long as you know what you are doing. Having a larger volume in crypto would affect the price, and not just that, it could also affect the US Stocks exchange, etc. I do think it's the future, and we need to believe that it's going to happen. Personally, I reckon the best thing for most people to invest in (excluding crypto-currencies of course), if they have enough capital - real estate. The market has always been steadily going up and it's a fairly good long term investment. |
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3-3.5% isn't that good, and I'm not really sure if those numbers are that accurate. Most advanced economies like the US & China have already slowed down in economic growth and I'm not sure how their companies will be able to increase their share prices if the outlook for everything is fairly bleak. The big money is in developing countries now, those ones have a lot of room to grow and look huge.
Crypto is definitely going to be a lot bigger than just 3%, but it could also go to shit, so I wouldn't really compare the 2, not really fair.
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I gotta admit, when I skimmed this post and saw the word Xinhua, I was 99 percent certain that it was going to be an article shitting on the aspects of decentralization and Bitcoin. This is confusing...
I agree with you, not sure why this newspaper agency is praising bitcoin as a success, even though, it definitely is.
Could this be directed to them via the Chinese government? Maybe they want to do a 180 on their approach with bitcoin and involve it in the new economy they are building?
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