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5241  Economy / Economics / Re: bitcoin dont pay our billls we need passive income on: September 15, 2020, 10:37:38 PM
there is need for passive income


Passive income is good because it helps as option for wealth creation. Keeping our eggs in just a basket is not good especially in this hard times. If we are looking at getting just one line of income, then we are doom for failure. In other words, let's strive to make more income from different source, that will be better for us.
5242  Economy / Economics / Re: Our chance to reset on: September 15, 2020, 10:22:41 PM
Quote
stay at home and follow government instruction

But unfortunately, the government instructions includes palliative supply to the masses and needy but this promises don't get to the poor and needy masses as the support are hijacked in most cases by government machineries. This is a situation that makes this covid-19 times difficult to bear.
5243  Alternate cryptocurrencies / Altcoin Discussion / Re: I'm dumping my coins because.. on: September 15, 2020, 03:08:07 PM
There are coins worth dumping and there are coins that worth holding this is the reality of the market some coins cannot keep up developing their project and abandon it like your reason it's better to dump and buy other coins worth including to your portfolio than late in dumping it.


This is a valid response there. If the project team just distribute a coin to bounty hunters and they are not doing any further progress, why then do someone prefer to hodl that coin? Or expecting a surprise to happen? Nope, no such thing.
Project team have to fight to gain the confidence of hodlers before you see more buyers and volume, trade grows .
5244  Bitcoin / Bitcoin Discussion / Re: Cryptocurrency as a environmental possibilism on: September 15, 2020, 02:10:23 PM
It is key to draw our attention to one of ancient geographic theory which is the ENVIRONMENTAL POSSIBILISM THEORY. Possibilism can be observed in any situation where man conquers its environment, making the environment more suitable for his day to day activities and creating new artificial features. Cryptocurrency is a typical example of possibilism. Based on the concept of sustainable development of any nation Cryptocurrency is becoming a vital instrument for transactions,investment,Income and giving job opportunities to many even in time of pandemic. crypto currency is a big breakthrough to man and environmentally friendly.

I understand your view here about environmental possibilism, it simply that talking about human conquering his environment and this is true. Bitcoin mining are all a product of human environment. Production and ability to make something out from the environment is the difference between human and animal.
5245  Bitcoin / Bitcoin Discussion / Re: Breaking NEWS: SEC, Bitcoin now legal (a security) in Nigeria. on: September 15, 2020, 12:48:38 PM
Quote
I'm also having a mixed feeling about this getting abused (manipulated) to their (the government) selfish interested in the sense that they mandate any company wanting to operate in Nigeria to cooperate with them in leaking users sensitive information

This is a salient issue. Regulation is about centralizing a system and that involves identity unveiling. I don't think the Nigerian system is ripe for this they want to dive into.

There are other big issues they should tackle and not to wander into the crypto space. There are electricity challenge, inflation of price of crude oil, health sector in comatose, no good roads available, striking workers etc. They need to tackle basic amenities and gradually learn from technologically advanced country.


Quote
While I'm happy this will reduce the rate of scammers defrauding innocent Nigerians of their funds mostly due to their ignorance

Don't be surprised this might be defeated because of high level of corruption.
5246  Economy / Economics / Re: get ready guys for this soon on: September 15, 2020, 12:08:23 PM
Is Op trying to say the world is about using a one fiat currency?


Brexit

Brexit can be the only reason I see that will make pounds go into extinction or the EU starts using Pounds, hehehe. Brexit is about the Britain using Euro and this has been a long time financial struggle.
5247  Local / Nigeria (Naija) / Re: African bitcointalk community hangout on: September 15, 2020, 04:52:06 AM
Make we just juggle our brain small. Anybody wey get am, I fit give am 1 thing  Grin

Tell me wetin beat husband for where the wife and children dey?  Grin


Na rain.

Lol... Nope. I go wait for like two more response.


Na hunger
5248  Bitcoin / Bitcoin Discussion / Re: IMF educates about cryptocurrency (pros and cons) on: September 14, 2020, 04:28:58 PM
Thanks for sharing this. I have never come across this. When you see firms like IMF advocating for cryptocurrency this means something great is coming. Long live the blockchain.

Greater thing is coming for bitcoin and blockchain That was in 2018 and bitcoin adoption has increased with corona virus bringing the presence of internet and digital currency use, more people are now having more confidence to invest more.
5249  Economy / Economics / Re: Your eyes can help your economy, please protect it for your good. on: September 14, 2020, 03:47:41 PM
I feel for those whose sight have been lost due to a reason or child birth. The eyes is the most important of all yes , it helps for seeing what is around you, the colour of what you eat and determines our choices we make especially for physical things. This is a reminder to take care of our eyes. In a country where the government don't take care of the citizen, I believe a blind person stand very much a lesser chance of financial growth.
5250  Economy / Trading Discussion / Re: Outrageous trading fees, should I switch to stocks? on: September 14, 2020, 01:16:20 PM

But if you are thinking about easy money, you might be wrong for Bitcoin because in a certain thing that in never shows like than, we can never say exactly what will happen after we bought it.

No free meal found anywhere. Bitcoin is also about being patient. If Op gets more patient on the fees and hodling, in time coming the fees will be okay as price gets stable. Volatile is high because direction is not clear yet.
5251  Alternate cryptocurrencies / Altcoin Discussion / Re: SEC fined rapper T.I. for promoting a fraudulent ICO on: September 14, 2020, 11:49:36 AM
This is a good step to the right direction. I believe this was possible because they were known names and easily traceable. Anyway, SEC needs to keep it up as more known people could be behind ICO fraud and manipulation.
5252  Economy / Economics / Re: Australia will join money printers soon Good for btc on: September 13, 2020, 09:37:16 PM

Good for btc Now there is a lot money to push Up btc...


I think that act of printing money can only benefit btc if the government is giving some palliatives to the people or give it out as very soft loan. If money is printed and not well checked, it can become another problem.
5253  Bitcoin / Bitcoin Discussion / Re: BITCOINS REALITY SHOW (BRB) on: September 13, 2020, 07:58:01 PM

For me, instead of a reality show with a lot of episodes, I think commercials can attract viewers more because they'll be able to see it even if they are watching a different show.

I also think this can do more than having a full reality show for bitcoin to create awareness. Such is not needed even as no body has indicated interest to organize that. Therefore, running commercials about bitcoin on intervals on a television or radio show about usage and advantage of bitcoin is better. Moreover, there are some football club already having bitcoin logo on the Jersey .
5254  Economy / Economics / Re: Will African countries be developed? on: September 13, 2020, 05:25:30 PM

What can possibly lead to Africa countries getting advanced so the quality of living in the continent will improve?


The most difficult thing to die is corruption. So is better to avoid it in a country because once it appears, it builds it stem and starts growing with branches and leaves. This is one good thing about some Arab countries that have zero tolerance and capital punishment to corruption.

How it can go off is by two ways. The first is through the people in government by having the will to follow the law on people proved to be corrupt. Another is by the people taking power by themselves like the Arab spring in Africa recently through Egypt, Tunisia and Libya.
5255  Economy / Trading Discussion / Re: What I think will be the top cryptocurrencies in 2021 on: September 13, 2020, 04:45:02 PM
Quote
6. Tezos : We all know how this gonna run.
 
Please would you explain how is going to run? I also consider getting it but the total supply is a little high and I don't understand how this coin can move.


4) DOGE

Is doge still good for buy? Is the team working to upgrade its value?
5256  Other / Off-topic / Re: It's time to destroy China,don't buy anything from them ,don't deal with them on: September 13, 2020, 03:40:52 PM
Why everyone want to destroy China. Truly speaking they're the one who gives sophisticated life to the middle class people. If Chinese products weren't available in the market, surely the middle class could've suffered a lot. In simple every business entity focus on the elite group, but Chinese products are specifically made for middle class. Maybe they are away from rest of the world, but they've done something big to the world.

They have brought close the gap between the highs or lows in the society in the product and productions they make. They do every part of the production and make things accessible for everybody, from technology, roads and rails, products but such things made by China don't stand the long time it is expected. Example roads that Chinese build are not lasting a long time and likewise there technology, phones and laptops. They need to start manufacturing stronger products.
5257  Economy / Economics / Re: Will bailouts become more frequent? on: September 13, 2020, 06:00:01 AM
About bailout, is going to keep being there as long the system requires it for life to continue. This is one big role that government play which makes it relevant. They print and regulate money in the country by doing that.. Series of bailouts have come even before covid-19 that came as bailout for some government, palliatives and economic support for different government.


I think we will soon just start to see government ownership of financial institutions instead.

I think the government already own the banking institutions or has a great control of it because the government regulate it.  The the government do this through the central bank that directly guilds, regulate the policies of banking in general at least in some system. They appoint the governor of the central bank who can be fired out of appointment before tenure expires. The government also has influence in some banking decision like mass retrenchment, loan percentage, merger.
5258  Alternate cryptocurrencies / Bounties (Altcoins) / Re: [Bounty]DEGO.Finance Defi with Sustainability-100,000 DEGO Token[Total 8 weeks] on: September 12, 2020, 08:52:11 PM
Week 2 (06/09 - 12/09)

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Tweets:
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5259  Bitcoin / Bitcoin Discussion / Re: Is bitcoin difficult to understand on: September 12, 2020, 07:46:51 PM
Interest is a factor on why people are finding something hard to understand this applies to all aspects. Bitcoin isn't that difficult to understand if we will just put time into studying it and getting in depth with its parts and what makes bitcoin. Yeah there are some complex part about bitcoin but you can make ways if you are really interested in learning bitcoin, you can find someone or join seminars don't just focus on textbooks/articles.

Dedication to learning is the way forward. Interest is another too. And if somebody has no interest, dedication will not be reached. Interest is what makes learning easier , interest is important. With interest, learning bitcoin is very easy.
5260  Bitcoin / Bitcoin Discussion / Re: New Stimulus Bill Rejected- Good News For Bitcoin.. on: September 12, 2020, 11:46:43 AM
It's going to be a disaster really in a matter of months or years at last. And if that isn't bad enough, the entire world's economy will be affected by it. On the other hand, I guess it's great that at least we're some of the few who've locked in a quite safe position.. safer than fiat anyway, considering all the events.

I'm no economics expert, but I think the effects would be felt years and years down the road, while some people are sort of "celebrating" right now due to the "free"(at least some of them think it is) money. Feel free to correct me if I'm wrong though.

And yea, I also think I might be in a safe position(at least safer than the people who doesn't have assets) due to my holdings, but damn a lot of people are screwed.

I think to agree with you guys that the free money being celebrated now could have some effect in the American economy because $1,200 going round is kind of surplus money in the system. Although the government is doing that to take care of there people as primary responsibility of government and to take away burdens and bad feelings from families who have lost beloved, this is psychological and a nice thing to keep up until the people get back to normal.

And on the effect of the surplus money in the system that could lead to, I know that is easy to check by increasing tax and increasing interest rate on loan.
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