1) here you can joke that 50/50 is either Yes or no. I think that the impact will not be very significant, in order to somehow differ from the typical crypto market 2) no, no, and no again - during a crisis, people again begin to withdraw all their fiat for liquidity or keep money in their pocket, rather than engage in investments, keep money in accounts or just on a card 3) depends on what the project is and whether you have the courage to do it. It is possible that the projects of the "era of coronavirus" will shoot well in the community, against the background of a General recession that has already turned into a crisis 4) rewards rewards rewards... think about your health and loved ones, and not about the thirst for profit - at such a time
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You could just tell your friends about crypto and offer to try it yourself, help with the purchase but sending tokens and ready wallet is not a good gift in my opinion. Crypto is still not so friendly for newbies
when we can explain it well I think new people who like development will accept the explanation we give. crypto will become something big in the future when the use and function of crypto becomes more widespread in the real world. That's why I suggest no such radical methods. First, to develop great system for everyone (crypto evolve), then tell others - and not just throw tokens to people and say " wow, this is a crypto you hold and use bro!"
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TS you overestimate the majority of people thinking that if they are disappointed in the banks, then everyone will run to cryptocurrency. There are enough examples in history for this - in the end, banks just changed a LITTLE/just changed their name/reorganized, people were a little dissatisfied, and then everything went back to its place. Fiat reject is too radical a step - at the level of abandoning the gold standard
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- ultra volatility - your ass can be hacked - lack of legitimacy - if your exchange will close today , it is not difficult to guess what will happen to your money - cryptocurrency's reputation - inability to pay with coins normally (as follows from the points above) - 51% attack
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While you are buying a BTC printer is doing "brrrrr" Who would win - crypto users or "heh money brrrrr"-boomers?
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It's already 2020, guys If you want the widespread distribution of crypto and global usage of it - then you need the KYC. Without it, cryptocurrency will remain a marginalized topic for " geeks, drug addicts and fans of not-quite-legal weapons" Truly popular money cant be without any control, so you will have to be ok with KYC
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You could just tell your friends about crypto and offer to try it yourself, help with the purchase but sending tokens and ready wallet is not a good gift in my opinion. Crypto is still not so friendly for newbies
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LOL this is all bullshit I absolutely do not trust China in terms of statistics about the situation - I am sure that things are much worse there Thank you to the Party for a happy start of 2020!
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Reserve currency it is for that and RESERVE-to use it as a reserve, savings for a crisis and other bad situations. You are suggesting that we take one of the most unstable financial instruments in the world and persuade the whole world to start using it as a reserve currency. Are you sure that this is a good idea?
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Analytics is good but you always forget one thing. You cant miss the factor of irrationality of the market. otherwise, the market will eat you because of one random while appearance. BTC can both grow and fall - and this will be more influenced by the market whales and ordinary people, rather than some forecasts and opinions of some analysts
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This" globalization " that you advocate so much is disgusting and should stop by now. You can see for yourself what it has led to. From problems in the market due to the influx of China, trade wars to the problem with refugees in the EU and USA. Why do you need a worldwide universal currency? Just tell me for what? Well, yes, a good example of the widespread use of crypto is Iran and Venezuela. If practice is the criterion of truth, then we get that the crypt can fully live in a place where the economy has fallen into total decline - because such a good and globalized world decided to disconnect the country from all payment systems or failed to teach its global neighbors the history and the fact that you can not always just sell oil.
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Are you really thinking what eth pump is going to happen? Btc/eth ratio is stable and I don’t think that there will be changes. We will see new ETH ATH only after new btc ATH, sorry
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Blockchain can be used as part of a banking system, but it will not cover everything completely. In my opinion, it can be used for transparency, cross border payments, etc. And CBs are already working on digital fiat. So, there will be a lot of use cases for blockchain but it will not replace banks. Upgrade is a better word
- Agree, blockchain with outstanding features can become an upgrade for future banks with security, expand services to reach crypto users but summing up all the possibilities of blockchain, a complete system replacement is almost impossible because except for good features, blockchain also reveals the imperfect nature. And banking is a system that needs perfection, the mistake is not allowed to exist too much, right now, they are in the best state while the blockchain is still too poor for the perfect state. I completely agree! That's what I'm talking about. The blockchain has good intentions that can be a great help to the banking system. But a full transition of economy system to the blockchain is a bitcoiners dream because of the things indicated by me and many others in this thread.
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The crisis is not a bug but a feature of a healthy economy. 10 years of bull market isnt normal. Like a strong Cup of coffee after a good night's sleep is invigorating and inspires new strength. Inefficient market participants will leave the market during the crisis and make room for new players. The strongest will shake themselves up and find new ways to improve and optimize their actions. The main thing in a crisis is to correctly calculate company capabilities and be ready for the "eternal growth" to begin again
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Blockchain can be used as part of a banking system, but it will not cover everything completely. In my opinion, it can be used for transparency, cross border payments, etc. And CBs are already working on digital fiat. So, there will be a lot of use cases for blockchain but it will not replace banks. Upgrade is a better word
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Post was created at 29 of February And what we see is that gold has rolled back and even become a little more expensive. OP doesn't see any patterns - if the entire market starts to be VERY volatile, it will affect EVERYONE. Do not underestimate gold, ok?
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Did the world hold the USSR responsible for Chernobyl? The problem is no longer the virus itself, but the fact that it was hidden at an early stage. No one knows what is happening inside China, they are too closed and do not want to tell anyone anything. We can't even say for sure whether 1.4 billion people actually live in China - because this figure is too high if you count all the losses for the 20th century, including the "cultural revolution" and other reformations. China is definitely to blame for the situation that we see - but the root cause is its total closeness in matters of information about the population, the REAL life of people and other things. Just remember the Uighurs and the rumors that turned out to be true about them
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Lol are you crazy? Is it not enough that prisons are run on people’s taxes? You are going to spend even more money into them. For what? It is unlikely that anyone will regret the death of a murderer, pedophile, rapist, thief, and so on. Especially, if we are talking about persons with life imprisonments. You need to do a lot of bad things to deserve it. We need to take care of free people instead. There are a lot of troubles outside the prisons
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Can you answer the question - how will fiat disappear? If the entire fiat will disappear it will be impossible to use btc as a world currency for a very simple reasons 1) the vast majority of people will want at least a little tangible equivalent value - even if it will be shells or beautiful stones 2) btc is extremely unstable and TPS is too low to make btc a worldwide currency 3) some people still don’t know how to use even simple credit card and you are talking about crypto
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But it's been 12 YEARS since 2008. You need to feel the difference between these two dates - in 2008, the infrastructure of card payments, ATMs was much worse. Now mobile banking solves all the problems that were then - and there will not be another 2008 simply because everything was made to stabilize the situation. And who uses cash in the year 2020?
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