Rodeox
its been a while since i was involved with any african promoting. back then i was not aiming at altcoins. nor was i aiming at the rich guys.
i was aiming at the unbanked/average population.
the summary of my experience was that bitcoin was not for them. (fee's were 95% of the problem)
where the majority were more interested in making their own crypto with low fee's and able to control volatility by having their own local swap shops(exchanges)
i am just wondering what are your 2018 findings specifically regarding bitcoin desire/utility (i already know the altcoin community is busy)
I think your observations then are still largely true. But things are changing rapidly where I was. Most people I met outside of the wilderness areas owned a smartphone and service was cheap. Basic plans start at about $2 and my full data plan was like $8. They have the hardware but not an exchange to buy at. Most exchanges are not likely to allow an account from an unbanked African person. So people were interested, but had no coin. However, I still think the unbanked in the third world have a lot to gain from bitcoin. My hope is that it will spread by word of mouth or that stunts like I'm trying here will draw attention to this market. Perhaps it will be an African who finds this cache? We are winning the fight in the west, lets bring the rest of the world up with us. There is plenty of room on the moon. |
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This is a Lehman brothers moment coming here so similar to the 2008 housing bubble
What?
The one that is "crypto insurance”
The one that would truly rattle the market to maybe another 60%+ drop or more?
Tether.
Whether you are in tether or not it’s one that if proven to not be backed would trigger panic like no other.
Zero faith to run and hide and hedge.
All the other cryptos would start dumping to fiat, which would show the ineptitude of coinbase and others not being able to fund the "run on the banks".
The destruction of tether would take BTC to under $1000 I guarantee this.
The Crypto-cartels or as some call them Whales.
Only they can save the market by propping up AIG (sorry, tether).
Our federal reserve (the crypto cartels) will have to save the cryptos from annhilation by showing a balance sheet of fiat large enough to back the one insurance policy we have Tether.
Which is PROBABLY why the market has gone down 50% since end of year... I imagine most of the CryptoCartels have sold off to prop up AIG (dammit sorry, Tether)
Think I’m wrong and wearing a tin foil hat.. that’s cool.
I find it humorous that true believers in crypto and all its libertarian Utopian ideals.. have allowed a quasi federal reserve to form... not only with abilities to shape market conditions, change the supplies of our coins, manipulate price at their whim, Develop insurance scams against dips in market to protects us from massive failures (that shouldn’t exist!!!!).
Allowing them to get so much power in the first place and WE INVEST in a derivative like Tether, all the while it’s backed (supposedly) BY FiAT and we TRUST IN THAT?!?!!!!!
Now we have to HOPE, and PRAY that our overlords can prop up Tether and back it by enough FIAT to prevent a market disaster of biblical proportions.
To quote the son at the end of Diggstown talking to his defeated father who scammed a town, and then, got out conned by a better con man in James Woods “You deserve to lose”.
None of those have any effect on my use of bitcoin. I don't touch alts because they always end up like this. It comes as zero surprise to me that Tether is not backed, I never thought they were. You have to set yourself up to take a fall with alts. I'm good with bitcoin. |
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Here is where you start - https://bitcoin.org/bitcoin.pdfThe white paper by Satoshi Nakamoto. Everything you see at these forums is based on this one document. read it until you understand it. Then think about buying. |
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Last year I visited Iceland and saw some of the mining operations in keflavik. Later Danny Hamilton asked me to find out the cost of electricity there. It turns out to not be a super deal. While electricity is cheap there, it still costs enough to be a factor. If I remember it was $0.13 / kilowatt. Not bad, but hardly free.
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I don't think it will have any real effect. Alts are crypto for dummies. I really don't see how losing their money to this alt is any different outcome for them. They were likely to lose it anyway.
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In America we just run to the closet when there is this kind of danger. P.S. This is what a closet looks like here:  |
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I believe that we are witnessing the setting down of the bitcoin sun, and similar to the sun on the north pole, which does not really sets down in the summer, so that is the Bitcoin sun. The bitcoin was a great locomotive to the crypto industry, but it's time for it to step aside and let the technology take the lead. The blockchain is the underlying technology of bitcoin and is the reason for the vast mainstream interest in this part of tech. The mainstream has a lot of biased feelings toward Bitcoin, and god knows, there are definitely good reasons for that. But, unless the mainstream will be able to feel comfortable with using the tech, there will be no mass adoption and this beautiful technology will go to waste in the hands of speculative traders and scammers. My personal opinion, don't shout  Agree 100%, thats why I just invested with these guys, check out the mint token sale at https://incremint.io/ It's a new ICO that offers protection to token buyers through decentralized escrow (something we know is needed in the space). They are really ramping up, get in while you can. Goodbye money lol  |
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The problem I have found with bitcoin investment instruments is that they are not going to be able to outperform bitcoin itself.
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I do not understand what blockchain 3.0 is. Can you explain me?  It is the digested grass that comes out of the backside of a male cow.  |
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So according to you Dogecoin is better then the Bitcoin?
Not me. Bitcoin is the idea, alt-coins are variations of the idea. Mostly they are scams to fix bitcoin's big problem. The problem being that the developer does not have your money. So if you can't compete with fair money (bitcoin), then change the rules and make an alt that favors you. |
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How would you know? It looks like you just got here. Maybe you are not aware of the extremely long history of bitcoin being pronounced dead by someone who just heard about it. https://99bitcoins.com/bitcoinobituaries/ |
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Bitcoins itself could not be taxed because it is not regulated by central banks,it is a virtual currency working on its own. Unlike fiat money which is governed by the rules in the central banks and government, but even though its is not taxable, the way we spend our earnings is already being taxed. Like buying goods and services, taxes are already imposed in everything we pay.
That is incorrect. Bitcoin in the U.S. is and has always been taxable. ALL GAINS IN VALUE ARE TAXABLE. It has absolutely nothing to do with central banks. Please look to a real source of information and stop reading the stupidity of Internet posts by 15 year olds who have never had to deal with capitol gains before. Here is a definitive source: www.irs.gov/newsroom/irs-virtual-currency-guidance |
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Because almost all ICOs are scams you basically already know.
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A coin based on joke is no competition for bitcoin. Look into the history of Doge and you will see that it was a joke coin from a popular meme. Dogecoin (/ˈdoʊʒkɔɪn/ DOHZH-koyn,[3] code: DOGE, symbol: Ð and D) is a cryptocurrency featuring a likeness of the Shiba Inu dog from the "Doge" Internet meme as its logo.[4][5] Introduced as a "joke currency" on 6 December 2013, Dogecoin quickly developed its own online community and reached a capitalization of US$60 million in January 2014.[6] Source = https://en.wikipedia.org/wiki/Dogecoin |
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Easy, Just don't pay. Of course you may go to jail and owe huge amounts of money. So it is a very stupid idea.
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How do people fall for this stuff? It is absolutely ridiculous to think they are going to "double" your deposit. If they could do that why the hell would they need your money?
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I guess 3.0 sounds good. You could sell it as better than 2.0 and make more money. Even though we are not even at version 1.0 of the protocol.  |
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Hold alts? really?  |
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One way to know that you have not doen enough homework is when you find yourself considering alts.
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