Libra was created for the mainstream audience, as any person who has a comptent understanding of crypto-currencies would really be using Libra to send money to other people, since they would be aware of the other options out there.

With Facebook's userbase though, if Libra ended launching, it would have given them a huge community in the crypto market, and they would be able to reach a lot of people that wouldn't really be able to reached if you where another company.

It depends on the mainstream population, I believe that are a lot of people that don't really see it as possible payment option due a lot of the issues that also make it pretty attractive to other people.

If we are able to solve these issues we might see a future for bitcoin and other crypto currencies as a feasible payment method.

-Votality (no one wants to pay 0.01 for something and then BTC changes prices, although other cryptos fix this)
-Mainstream Adoption
-Instant payment confirmations

I understand now, so it just looks like this is actually very viable, especially if the owners/administrators of the network was smart enough to do this and keep enough cash and money on hand, maybe a certain percentage of the monthly fee you put in should be not added to the network, and sent to a wallet to cover the dips of the market?

I don't think more than 50% of the network would exit, you can always put a limit, for example, only 10 percent of the network is able to leave in a day, so this will keep you and your investors protected.

I think Croatia is actually doing a decent job then, it's definitely promoting a lot of long-term investments, even though I think the 2-year mark is a bit too much (1 year seems more realistic), I understand it and respect those rules.

In Australia, there are a lot more complex rules regarding crypto-currencies, but the most painful part is that if you buy BTC for 5,000, then sell it for 20,000, you will need to pay tax on the 15,000, no matter what happens. From a website's guide, you will also need to pay capital taxes if you perform any of these actions with crypto-currencies


Here's the actual link - very interesting read.

https://www.finder.com.au/cryptocurrency-tax-guide#:~:targetText=Cryptocurrency%20transactions%20are%20exempt%20from,acquired%20for%20less%20than%20%2410%2C000.

Not a lot of people have enough money to be able to throw around in investments, for an advanced economy, it's actually surprising how many people lack any real savings and live paycheck to paycheck.

If you are living paycheck to paycheck, which looks like is around 78% of all US workers - it basically handicaps your financial options and it'll be impossible for you to produce actual savings.

I can guarantee that all of the 6.2% is from a wealthy background and are able to throw money like that around.

Okay, so basically, instead of it being a regular coin, so if it doubled in value, people could take their monthly fees out and just be happy with their profit, these extra funds would be actually kept by the company for hard times, so even if the price dropped to 100k, they are able to supplement the users with their own money from this fund?

That's a lot more interesting and I misunderstood your post a bit - although, what happens if the market goes down before the company has a chance to collect funds through price increases?

Link me! This is actually getting a lot more interesting since I am understanding it a lot more

This is quite the philosophical post, to be honest - I get a lot of Buddhism feelings here, and the writing feels very calm and wise to read. Interesting post, kudos OP.

This is more of a life post, reflecting on the different ways you can think about working and life in general, with one being an obligation, and one being motivation, as you said. A lot of this doesn't actually apply to bitcoin and I would recommend you to move the post somewhere else.

This start was very surprising, every time I hear about WeWork, I get shivers down my shine. The entire company and how everything was dealt with was a shit-show, although with the new CEO and everything, maybe they will stop bleeding investor funds.

Not sure if a subscription-based model is the best here, the only reason why services like these ones, and Adobe where really able to provide subscription services was because they can offer constant support and try and keep you as customers - not sure if there needs to be a fee here, to be honest, feels like the company would just be milking funds...

Okay. This is a lot fairer, I like it a lot better now.

Okay.

I don't think this would work that well - it's not really backed to anything, and there is really no use for a "semi-stable" coin, especially when there are stablecoins out there. It's an interesting idea, but it lacks an actual use case.

For some coins like Dash and XMR, this isn't really possible. Their blockchain's ledger is private and you can't really calculate the richest or whatever relating to addressees due to their privacy protection.

As for bitcoin, there's a link for the rich list, but I can't really find any materials for what address has what, etc. Most of them will be pretty unfair though, since exchanges have cold wallets that contain user funds and you can't classify it as their own funds.

I did remember hearing or reading about a statistic though, that the top 100 addresses own something like 50 percent of all BTC. Not that fair from a real world metric, that the top 1 percent owns 90 percent of the world's money.

Don't think France was ever the crypto-capital. It's more the Asian countries, Korea, China (in a different way) and Singapore. If I was forced to put a name on the capital, I'd pick Singapore due to the amount of crypto companies based their and their fairly lenient rules towards crypto companies.

I think everyone has been overhyping Malta, just a bit over the years. It's 10 percent company tax is surely profitable, and the abundance of networking that is done on the island is definetly immense.

As figment this - this is mostly due to the Maltese banks being a lot more strict and basically blocking a lot of these crypto exchanges/companies from opening accounts, or even at times freezing them.

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It makes sense though, doesn't it?

If we lived in a world where cash didn't exist, and our world only had fiat transactions via online payment methods, there is going to be no government in the world that would invent and try to implement cash. Why?

Because cash is literally the best thing criminals can ever have, even better than cryptocurrencies and privacy coins since it's fiat-based and fairly easy to smuggle.

I don't think this limits bitcoin traders that much, more of a blow to the big whales that deal with cash a lot, and I respect this from the government, it'll make crime harder to do.

With the current rates, 60 BTC is equal to around 528,400 USD. That's a lot of money, and you should probably try forgetting about trading/gambling and ways to make money that don't involve an actual business, your capital is enough to ignore that option and focus on one of the best things you can have in life, which is a constant passive income, which is a set amount you would earn per week/month/year.

This depends a lot on your ideas, and what you want to do with crypto, but I can't speak for you and the best way for you to do anything here would to just be via a lawyer. Sit down with one and they will help you plan your money and transform your idea into something real.

It's not surprising that Coinbase would be involved in these sort of services, and they are one of the companies that are all about the bottom line, and maximizing their profits, even at the cost of the customer if it's necessary.

Some of this is unnerving though, I can't believe they would give these "credit check" companies this much information about their customers, but to be honest, I don't think any of them would bother with doing verification themselves, it'll be much too expensive and this is likely why they are working with all of these obscure companies.

Don't think in an economy, inflation is ever good, but I am not an economist. It's usually pretty dangerous and often time wages and incomes don't go up as well as the inflation rates, so the people end up losing.

Often times, interest rates that banks offer you, and regular wage increases aren't to the same standard as inflation (which is usually around 2.5-3.5% I believe).

Inflation bad!!!

I feel like I am always on the fence with articles/posts like these, I never really know what to say...

On one side, I think it's great that bitcoin would be seen as such a great investment, and these statistics are just nice to see for the eyes.

On the other side, I don't like bitcoin only being recognized for its investment values, and not as a payment method, it was not really what it was designed for, and I'd much prefer people focus on the payment methods it provides us.

Was ripple even around when Satoshi disappeared. If it wasn't, this isn't a really good reason why he disappeared from the scene, pretty sure he left when there was no other crypto-currency (other then BTC), and other cryptos like ETH, etc, where created a year later.

Ripple is a business that tries to sell tokens as securities/assets/blah blah, and it's completely different from bitcoin, which is a decentralized payment method/storage of value, and they have nothing in common except they are both crypto-currencies.

If Satoshi was around, I'm sure that we'd see a lot more action against these coins, fun to think about

Er... A pretty shitty article, I feel like this is one of those sites that was probably calling for the end of BTC a couple of years ago, sucked up to everyone during the bull run - and then went on to scream "the market is ending" during the market crash that followed... Their articles just seem to be filled of bias and it's unnerving.

Let's get this straight. China has never liked bitcoin due to it's decentralized aspects, and how much power it would give to the people (anonymity, freedom from the Yuan), but they are more than happy to use several aspects of bitcoin/cryptocurrencies (blockchain technology), to apply to their own currency, and basically merge the 2.

This is exactly my point. Why are companies that have millions of dollars in their wallets, and deal with millions each day, not as closely regulated as banks, who basically do the same? I feel like a lot of exchanges are literally just able to run away and not much happens to them, which we never see that with banks.

It's actually pretty astonishing that this is still happening to our industry, come on governments! If you can fuck us with taxes, surely you can regulate some exchanges!

I mean your best bet would be to try and get MasterCard and Visa to work with you, which is likely not going to happen, unless you know their CEO's, but that basically gives you a huge profit margin since they charge 0/very less fees.

If you want to go through another service provider, it would be nearly impossible to find someone with a different line to any of those companies, you might have some luck trying to work with an existing service, and trying to get more info on them, or become a reseller for their own debit cards. Pretty hard industry to get into to be honest.