Again there is confusion between the field and the arable land.
BTC is not super-popular but it is mainstream in the crypto community and this is a fact. But the crypto community is not as big as you would like.
Yes, Fiat money in our time is not baked by gold but this does not mean that Fiat can be compared with btc in the sense that both of them are worth nothing.
As Fiat is secured by the power and influence of the state so btc is secured by the belief in it and the fact that this coin can be used to bypass the state. There is no other "security" and it is unlikely to be any more.

Even if 2008 comes again - the way out of it will be as brilliant as it was in those days. A huge problem of the market is a bubble system of derivatives and other synthetics that already exceeds the money supply a couple of times. I think that if there wiil be a "new 2008" it is more good than bad. It's time to dump this ballast and money out of the air that too adventurous but not very smart guys are trying (and some manage) to get out of the air.

That's it. I can't understand people who in 2020 are shouting that "all this is the collapse of the system we will not survive the new crisis!!!"
What is in the minds of these people? Five minutes on Google is too hard for these people to understand that a crisis is as normal as running out of a can of soda? Yes, it's over, but if you get your ass off the couch and go to the store, you'll have a can of soda again - and this is the same as how the economy works (super-simple example, but still).

The simple answer is that people just have too much money that doesn't cost anything. The over-inflated financial sector has cracked under its own weight due to a series of unrelated events, triggering another classic period of crisis. Because there will be a depression and then the rise will begin as it has already been and more than once.
Think of it as an emergency weight loss before the summer - you suffer for a long time and in many ways deny yourself, torment yourself. But then again, you can afford to drink beer in the morning and eat in restaurants for weeks. The economy NEEDS crisis. Not so often, of course. This is the l normal and natural course of things under capitalism and there is nothing super-scary about it. We have always risen and this time we will also rise and it will be better than it was.

>life after bubonic plague will never be the same again
>life after Spaniard will never be the same again
>life after swine flu will never be the same again
>life after avian flu will never be the same again
>life after covid will never be the same
Don't you find some mental gymnastics here to increase the degree of hysteria and try to prove something to someone who is not clear?
They will find a fully working vaccine and it will all be over. It is not the first time that humanity has faced global epidemics but it has never been with such a highly developed medicine. Don't be afraid and everything will be fine.

>As long as moore's law continues
And then someone (that is, the state) decides that the cryptocurrency allows too much and will launch a quantum computer that would drop everything around. Unfortunately, without the development of fundamentally new quantum resistant cryptotechnologies, cryptocurrencies do not have very high chances of life in a world where a China can put everyone just by launching a quantum computer. What to do with it?

>McAfee
>launches a crypto project
Has he already apologized for taking someone else's code for the project or is he still maneuvering around posing as a victim lol?

In the current situation, this statement looks at least funny. There will be no mythical altcoin to the moon until this happens with BTC because the vast majority of the market is tied to it. BTC will skyrocket- the rest of the market will follow it. Independent from BTC this can only happen under the following conditions
1) with ETH (as almost the second main strong coin)
2) there will be a new project that will give everything that BTC has but will be much better and at the same time (paradox) will not oppose itself to BTC because the market does not like upstarts
But I don’t believe that second option is possible

No, I just want to say that being a group of researchers from a NASA has a lot of state money. They will never collect them via fundraising. That’s why government researchers are richer than a group of independent young scientists. The fact is that research is not always successful the first time and the most "terrible" state forgives mistakes when private investors can just put you in jail for the fact that their money did not pay off.
But very few countries from the "first world" or "developing" can live only on tourist and resource income. You can't just pump oil and Venezuela has shown us this. Taxes on ordinary people and companies make up the big share of budget revenues.

I just want to say that any statement similar to the beginning of this thread is the statement of either a not very smart person or a very young (and also not smart) person. The economic life of the state is much more complicated than people often think. And then these people are crying that the state does not give them anything and blames gov for all the troubles.

It will be quite interesting to see if in the near future due to the combination of all current circumstances the Euro zone and the EU itself as a structure will fall apart back. And the first message of this collapse will be the revival of national consciousness of countries that are tired of eternal migrants, micro-Pakistanis and other charms of the modern multicultural world within the EU.
The only thing that is annoying is the possibility of the birth of "European separatism" on the part of migrants who will understand that no one else will feed them or even begin to evict them.

Well, Trump have to work out his political platform somehow - so old Donald is trying to bite China.
But the main reason as for me is an old as the world and straight from the 20th century confrontation -capitalism VS communism.
Even if China is not a Communist country (and it is not because there is state capitalism) the country is still ruled by an authoritarian Communist party (at least by name).
No one wants a revival of the USSR in version 2.0 - with narrow eyes and an industry capable of producing anything including thermonuclear bombs and trillions of bullets.
The fact that Trump constantly snaps at China is one of the parts of the same and many disliked containment policy where on the one hand we have democracy, AR-15 and military bases around the world and on the other hand - red flags, incredible industrial potential and probability of making Africa yellow.
Bipolar world is still here

I'm sorry I made a wrong statement here and I want to rephrase. I meant that if a person does not pay taxes , then he does not have any moral right to talk about where taxes go/what they are made of/etc. You do not pay taxes-OK.  But then do not tell everyone around that taxes are very bad and that we all need to stop paying them abruptly and go to the gray/black areas.

I just want to remind you that many of the things that we are now using were created initially in research centers/institutes/on the basis of universities - and all these things were conceived specifically for military, intelligence and other "army" purposes. With whose money? With the state's money. Where did the money come from? From taxpayers. Consider that taxes are a kind of hub for financing the necessary (not always but necessary) things.
Just remember where the Internet came from and why we are communicating here now.

Yes, this is the main reason that prevents it.
Imagine that you come to a store and buy a chocolate bar there for example. Then you eat it at home and suddenly you have a stomach ache - you are poisoned.
You want to write an angry review on the Internet about this or even go to complain to a hypermarket - but look at the packaging from the chocolate bar... There's nothing on it. It is clean as a white sheet and there is not even a production date. Are you happy? I wouldn't be happy if I had no one to complain about the chocolate bar.
And now imagine that all the chocolate in the country is like this - this is what the state does not want to allow. One of its goals is to oversee everything and stop bad things. And bad things can't be stopped if you don't know who's doing them.

As I haven't paid any income tax since 1997
You are 22-23 years old and you are unemployed, am I understand correctly?
For example:
- everyone in the country is getting sick
- the country begins to have problems with financing the health system
- the gov starts having problems with assistance to victims
- the gov of the country begins to have problems with money because the gov uses money to cure everyone
If you didn't pay taxes, you probably don't know where they come from. People pay taxes to the state so that the state can function on these taxes, provide people with goods and everything in this spirit.
If the money runs out and they are needed - gov will print (the printer makes brrrrr) more money to help their own citizens.
Citizens who feel the support of the state understand that all this is done on their taxes (they did not pay them for nothing) and they are at least a little but still morally ready for the fact that now the crisis will begin (has already begun) and they will have to tighten their belts.

We print money after which we recover and start to get out of the crisis (very rough chain but you understand me). If we decide to raise taxes - then we start with the strongest and put on the shoulders of our giants some obligations to help us (in the future it will pay off) and so to the very bottom and it is not a fact that we will get to the bottom.
It takes some time for us to get out of the crisis and then reduce taxes by the previous amount or even less because the time after the crisis is a time of rapid recovery and development.
Question - what is wrong here and why do you not pay taxes at the age of 22-23? If you do not pay then you do not have a moral right to any public goods that everyone else has a right to.
/thread

You desribe market with human qualities which is absolutely incorrect. Do not respect each other market players and all those who get profit from the" market».
If we are to be correct, then people in the market do not respect each other and do not spare. The market is just a battlefield. You're not going to blame the ground for the fact that you stumbled isn't it?

This has “never” happened and now we can see it again.  someone is engaged in printing money. Scared to death!
Not really. Drastic changes from changing one currency to another will add more problems than benefits. You will need to change a LOT of things and it is not cost-effective in the current situation. Decisions about the reserve currency are made over a cup of coffee in peacetime and not in the recession

Scammers will always targets newbies. They have zero experience and huge willingness for easy money. We should educate newbies, fight with ponzi and be ready to asks to stupid questions. And even after this there still will be ponzis

Are you sure that govs will allow google to create own currency? There was libra, remember it? Every bit country in the world was against it. Yes, google has more power. And that’s why govs will hate google currency x2. SEC and senate won’t allow it for sure

How I love posts in the "economy" section that are essentially equal to the "politics and society" section.
"Mommy virus was invented by the Communists in collusion with American capitalists to stop the bull market and blow off steam."
Anyone who has at least basic concepts about the system of economic cycles in particular and about economic theory in principle is able to understand without help from ABOVE that the market in the classical cycle has both ups and downs and crises this is an integral part of it as a way to:
- blow off steam
- remove the uncompetitive
- to make way for "young"
- cause the need for optimization (which many people in a steadily growing market do not care about)
- etc

The theory of artificial creation of the virus is quite real, but there is no way involved "West" and other "Soros and Rockefellers". Just within the framework of this theory - the Chinese security forces under the protectorate of the official government went a little crazy and decided to play "God from the machine" creating a biological weapon "just for fun" but at the same time hard shits. The authorities covered them up but at the same time brought on the entire country as a whole a severe collapse of reputation.

In fact, we will NEVER know whether it is an artificial virus or a real one, simply because no matter how much you would like to see so - called "state capitalism" in China-it is still partly a Communist regime, at least within the consciousness of statesmen.

Do we need to charge China in full for such an event? Definitely. Is it possible to find the root of evil and the real culprits? Only in the case of power crisis in China

I don’t believe in real estate fall right now. Why?
Today's youth have a completely different model of consumption. If even at the end of the last century/at the beginning of the XX century, everyone believed that they needed their own housing, even if it was a mortgage (hi 2008), now young people prefer to rent housing to preserve their territorial mobility.
As a result, we get that some people buy housing (even if again in the mortgage) and pay for it at the expense of young people who rent this housing. This is quite an interesting phenomenon of the money cycle between generations that began just after the final conditional strengthening of the EU and the it boom in America and India (after the collapse of the dot com bubble)