|
First thing first, Fiat is actually a lot easier to be used for illegal activity, especially if the transaction is not a wired transfer, just cash, and no deposit or anything to the Bank. If what you mean as Banks are the institution where you safe your money, then no, they never have any problem with crypto, some of Banks in my countries actually supporting Crypto Exchange.
The institution that has problem with Crypto is Central Bank which is controlled by the Government, they would never let crypto to be widely used as a currency replacing their fiat currency, for many and complicated reasons but mainly because Crypto is a lot harder for government to be controlled and monitored.
|
|
|
|
In order for Bitcoin to be widely used for payments, it is necessary to stabilize price fluctuations.
Question,
Bitcoin and other currencies A and Prepare B.
A and B are equivalent exchangeable and can also be equivalently exchanged for Bitcoin.
Is it possible to stabilize prices through market mechanisms due to this?
Well I wish Bitcoin will finally has stable price someday. But let's think again what does stable actually means, if Bitcoin is widely used payment, lets say that it can actually replace fiat as the main currency, then we value Bitcoin as it is. For now, the reason why the price is volatile is because the whole world and are using fiat as main payment system, and we could only Value Bitcoin based on Fiat. If Bitcoin finally used as main currency then we value 1 Satoshi as 1 Satoshi always, not compared it to USD or EUR or other fiat. |
|
|
|
|
Indonesian here, though I am not currently living in Jakarta, but I have been following the news and I might know more, and I can confirm that it's not related to crypto mining. It is true that mainly the pollution was caused by the the Coal Power Plant, it's proven with the shut-down of several power plant because of the 43rd ASEAN Summit, so this ASEAN Ambassador won't experience the pollution.
As far as I know, the history goes back several years ago when a scheduled blackout are still happening in Indonesia and then the government creating a 35,000 MegaWatt Program, to achieve that until now the Government has created 415 new Power Plant, some of them are Coal based, which has high pollution, and around in Jakarta, there are at least 14 Coal Power Plant in 100km radius.
So nothing related to crypto mining, or crypto.
|
|
|
|
Let's suppose you have a limited budget which can be used only for one of the alternatives below:
What is the best investment, in your opinion? To use this money to pay for your education, so you can conclude a superior course and achieve a higher degree, having access to a wide jobs' market, or to use that money to acquire an apartment, house or piece of land, so you can make a passive income from this?
It brings the following question up: what is more valued in life: to be or to have? Does it make someone fulfilled to have while not being or being without having anything?
I don't think there is like 'the best between education or property', I think the answer will be very personal, but it will very related to the age of the person. For me in my current age, I would definitely choose education, not only the formal education like Doctorate, PhD, or Professor, but also some side course to develop my skill in some field that I like. |
|
|
|
Seems like the article is missing or deleted, the link lead to 404. So, I can't say that I agree or disagree with those Russian Lawmaker, since I don't know the details and the context. But from what I understand, if the government move to Digital Currency then the Bank will moved to Digital Bank, in my countries there are already few Digital Banks, meaning that the banks doesn't actually have an offline service. They have online customer service, they have software developer, and other digital workers, so while CBDC removed some job, it also create new ones. |
|
|
|
|
Any sectors that required a database would be benefiting much with Blockchain, but I think the one Industry that should already has blockchain booming but hasn't is entertainment industry, there are a lot of things can be done with blockchain on the entertainment industry. NFT for example, there are already small number of NFT Fan collectible, but it should be more mainstream, more public figure and artist could made their own collectible NFT and let their fan show their support. I also haven't seen a Blockchain VOD or Streaming Service that quite successful, this could be a thing too.
|
|
|
|
|
I think you miss-used the term investment in here, Holding a Bitcoin is actually an investment. The better term might be, that newbie should avoid trying to make a quick profit, there is no cryptocurrency that will make anyone could be rich in overnight, if anything is too good to be true then it is to good to be true, it must be a scam. Looking for investment is fine, just do the research.
|
|
|
|
|
For me, because the market is still uncertain until now, I mean it's still a bearish and very red market currently, I wouldn't buy any altcoin, I will just hold and slowly compounding my Bitcoin. With bearish market, buying altcoin is way to risky in my opinion, later on if the market has shown a promising bull run, only then I would buy some altcoins.
|
|
|
|
|
I am kinda in a neutral side, I mean I don't think it's a bad idea, it will definitely attract more adopter for Bitcoin, but I don't think it's necessary either. We already have many smart contract platform, Ethereum, Binance Smart-Chain, Cardano, that's only 3 among many others, the smart-contract market is too crowded, Bitcoin doesn't need to jump into that. Just be a cryptocurrency is enough I think.
|
|
|
|
|
I think both is quite profitable, but at the current market condition maybe real-estate is more secure than crypto. Next year is Bitcoin halving, and now Q3 of this year is almost end and the crypto market is still in bearish. While the price for a house around me keep increasing. But for me personally I will always choose Crypto over real-estate, personal preference.
|
|
|
|
Is regulations among the key factors that affects the price of Bitcoin
Not directly, but certain countries create regulation and policy related to Bitcoin will have butterfly effect, one of which is how the adoption of Bitcoin by big companies, especially if the company reside and is subjected to the policy or regulation. And Company adoption to Bitcoin will certainly affect the sentiment toward Bitcoin and will affect the Bitcoin price. Not only Big company, Bitcoin 'retail' user will also affected by certain countries regulation if they subjected to the regulation. That being said, Government regulation is not the sole factor, not even the biggest factor of Bitcoin price. There are other factors like economic condition, mainstream adoption, etc. |
|
|
|
When someone has a particular wallet which he spends Bitcoins from can he be considered a Bitcoin investor?
Or does the term investor refer only to those who hodl Bitcoin?
Generally investor mean someone who are gaining profit from the increasing price of an asset, the same applied to Bitcoin, if a person is buying Bitcoin solely to gain some profit when the price of Bitcoin goes up, then he/she is investor. For your first case, people who has Bitcoin on their wallet and spend it for something or using it for a transaction, I think the correct term is Bitcoin Adopter, because they adopt Bitcoin as their currency for transaction. |
|
|
|
|
I don't think I have met anyone who is obsessed to Bitcoin, some enthusiast sure, I know a lot of them, but they still have other hobbies, or other things that they like to talk about. For me being obsessed to Bitcoin, meaning that that person will only talked about bitcoin everyday, and that's kinda annoying, I wouldn't want to meet with such people.
I mean I like Bitcoin I like learning about it, but not like I always talk about it all day long.
|
|
|
|
Are there big differences of the price of f.E. Helium 3 on the Moon-market and the earth market? And aditional: Are there big differences of the price of Gold on the Planet X-market and the earth market?
Logically yes, because there will be additional cost for transporting those Helium and Gold, and the cost will be significantly higher compared to transporting gold on the earth. Considering those transportation cost, I don't think any company will do such mining on space except the Gold / Helium supply on earth is very low and the demand is very high, thus the price is of Gold and Helium is sky rocketing, only then mining on space will be viewed as profitable. |
|
|
|
|
In my opinion that many people is actually a benefit instead of obstacle. With that many people the competition for job is very tight and people are more willing to take lower salary, with generally low salary it will boost production and thus the Industry will be much easier to develop, expand and scale. I think the same will/are happening in India.
|
|
|
|
~
African countries have every chance of success! But ... there is still a lot of work to be done. For example: - End unprofitable and toxic relationships. Unprofitable - it's more about China. Toxic - about Russia - destroy corruption - start investing in the economy. - Leaving projects like the UN projects "to save African countries from hunger" is pure corruption, and a swamp of degradation, which leads to the fact that the governments of these "rescued" countries help the UN corrupt officials earn money, and the local population gets used to doing nothing and waiting for the next handouts in the form of "help" Well, not only that, most of the African Countries are having war with each other, some of them are even still having a civil war inside their countries. They can't even make an alliance with their neighbor, Putin will need a billion dollar solution if he wants to actually benefitting from his alliance with the African countries. I guess having all those land with rich natural resources not always blessing, it's more of curse. |
|
|
|
I don't have the data but I doubt that XRP is any close to become more mainstream than Bitcoin as a global currency.
I don't even know how these 2 can be compared. We all know what the Bitcoin is, but I think many are confused about what XRP is. XRP =/= Ripple. Ripple is a global payments network offering multiple solutions, but some of them don't require any use of the XRP token at all. So it's entirely possible that Ripple can achieve global success and yet XRP could fall to zero. That's the risk of investing in cryptos that promise to be the new cutting-edge tech - you never know how will that pan out, plus, there will always be newer projects promising even better things. Yeah, I know right, the only reason why mentioned XRP it's mentioned in the OP's post. The only thing that can put Both Bitcoin and XRP on the same category is because both are cryptocurrency, but still Bitcoin is decentralized, while XRP was controlled by Ripple, I also don't think that Bitcoin are in anyway comparable to XRP. |
|
|
|
|
Most of the centralized exchange are subjected to the government regulations, some of the regulation including preventing money laundering. Some users of the exchange might deposit some money that are gained with illegal activity, and then swapping those 'illegal' money to the clean money that are circulating on the exchange, by using KYC government can track if some illegal money from a certain person are deposited into the CEX.
|
|
|
|
Governments frequently misunderstand bitcoin innovation.
This impression arises from the disproportionate bans and regulations they enact.
Although occasionally the bitcoin regulations appear unreasonable, I posit that bitcoin is not as detrimental as suggested. Please correct me if I am wrong.
I think it;s quite the opposite, Government really understand the innovation that Bitcoin brings to the economic system, and they also know that those innovations will bring down all the things that they have been built for decades, which is a total control over currency and how those currency affect the economic system. Thats why the goverment keep delaying Bitcoin, so they can find the way to mitigate the risk of losing the control overy their economic. |
|
|
|
I mean cryptocurrencies have high transaction fees if the network has a lot of congestion I mean 1 small transaction could cost you up to 100$ each transaction you could already see the Ethereum network how high its fee is when the NFTs become popular. Bank transactions will cost less and it is more reliable and faster than cryptocurrency transactions for sure because banks are centralized platforms.
Cryptocurrency is prone to hacking we could already see a lot of people getting hacked and its not 100% hack proof even though there where still no one that could crack or hack for example Bitcoin we are still not sure if it is going to stay that way, I mean there was no such thing as safe in the internet everyone is prone to hacking.
There are a lot of positive and negative factors of cryptocurrency in a country but for sure it still needs a lot of adaptation and growth in order to use this kind of technology since it's probably something new to most of the country since there was still no basis on cryptocurrency. We don't know if cryptocurrency is still going to exist after 5 or 10 years, so it's still a risky option, for me I just treat cryptocurrency as a investment and i just investment the money that i can afford to lose.
The network fee problem was getting better since the layer 2 blockchain system introduce, like Lightning Network for Bitcoin and Arbitrum on Ethereum. And I think what OP means by hack proof is that the core blockchain of the crypto is generally hack proof, but of course the Exchange, the Wallet and other supporting infrastructure is very much hackable, but blockchain as the basis for crypto until now is still really hard to be hacked. All that being said, I still also think that crypto in general need to be more scalable for an actual mass adoption, compared to the current Visa/Mastercard or other payment, cryptos are still lacking behind in term of scalability. |
|
|
|
|
Show Posts
