Wow OP, that was a real mouth full and a can of worms kinda post.  I think the freedom from the majority consensus is already a huge step in the right direction, because we will be seeing the competition crushing that freedom with centralized control in the upcoming BankCoins and even some of the GovCoins. People will only appreciate the consensus based "freedom" of Bitcoin, when they see what Banks and governments will be doing with their coins in the future. <The public will have no influence in the decision making for those coins.> If some developer or node does not agree with changes, then they are welcome to create their own Alt coin and if they get enough support, then they can force a hard fork, so there is nothing wrong with that idea in my opinion. BankCoins and GovCoins are more likely to be stablecoins so they will be pretty diffrernt comparing them to other currencires. There will be some purpose to buy them that will be related to issuer's service and won't be giving you a profit for HODLing them. Also public should have an influence. I'm sure that banks won't sustain their coins if they won't be getting any profit. |
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It seems to me a scam clickbait article that is trying to push BNB.
No one will believe if they say that some random organization is accepting BNB since no one is using it. But if you attach it to bitcoin then it will sound more legitimate but unfortunately, it is still not true.
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You may use localbitcoins but they have verification.
You can also buy ETH via localethereum and then trade in into bitcoin on some decentralized exchange. But honestly, it does not worth that. It is better to pass KYC and do everything legally. Unless you are not going to launder money.
I don't want they to collect my identity They use the excuse of legality to collect identity kits and resell them to other companies Unfortunately, a lot of people already have access to all data from your ID. Governmental bodies that issued that ID, police, your employer, your bank and many other organization. If your ID had any worth then it could be already sold multiple times but the truth is that no one gives a fuck about it. So you can verify your acc and be sure that no one needs your data. |
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I suspect that any day China is going to declare its support for crypto and lift its ban even though we all know its working on blockchain projects in the background. It just means we have to wait longer for the price to go up I guess.
China is aiming to control every transaction of its residents. All electronic identity in concentrated in messengers like WeChat and other similar apps, the government is testing an electronic social rating. They are definitely not going to issue any kind of free money. The only possible thing is that they issue some kind of governmental stablecoin and remain controll over it in the hands of the government. |
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You may use localbitcoins but they have verification.
You can also buy ETH via localethereum and then trade in into bitcoin on some decentralized exchange. But honestly, it does not worth that. It is better to pass KYC and do everything legally. Unless you are not going to launder money.
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in 2017 Dash said it will replace bitcoin, they even funded spam attack against bitcoin for some months. now their shitcoin is still dead while bitcoin is still rising...
Dash is currently on #15 on coinmarketcap. It is still one of the major currencies. The point is that even some of the leading coins might be a result of shill or some shady activities of their devs (as we see it with BCH) so Bitcoin might be considered as the only worthy currency. |
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So in case Bitcoin will become somehow popular in offline payments those guys are trying to monopolize a "free currency" because slow blockchain transactions would be hardly accepted. I already imagine how much influence on BTC price will have any kind of lags from their side.
Anyway, there is a pretty long time until I'll be able to buy some coke for BTC so lightning labs can change its mind or get some competitors.
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- Do you think freedom is one of Bitcoin's most important qualities? Or is it more important that we ensure everyone is happy and agrees with any changes? If you had to choose, which takes priority? Freedom? Or ensuring everyone agrees?
In most cases, Bitcoin is free as much as you are free in your country. It is like cash, you are also free to have it. Also no one will probably regulate BTC but if someone will implement any regulations then they will be probably forced against crypto accepting businesses. Bitcoin can hardly be considered free is you won't be able to buy something for it. |
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Skrill is considered as an untrustworthy payment system when you deal with cryptocurrencies. The situation is the same as with PayPal and other systems which can be easily charged back.
With Jr. Member acc and without trading history it will be pretty hard for you to find a buyer on this forum but it is more likely that you will get a dozen messages from different scammers so be careful.
P.S. Even if you find a buyer he will probably ask for very high rates.
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It seems like now, during the calm days people are able to trade using technical analysis because there are no major shocks that move the market. In this case people are just gaining profits from small price fluctuations with some good leverage. That's why we see high volume but no price changes.
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I think bitcoin does not need the ETF at all because without the ETF the crypto market continues to run, only if the ETF accepts it, the bitcoin will be more trusted by investors because so far the discussion in bitcoin-related ETFs is a matter of market manipulation, even though the manipulation can only by a number of large banks that we do not know that the bank has plunged into the cryptocurrency market.
What is the problem with BTC being trusted by investors? Right now we have whales, the only way to make market more stable is to increase the amount of those whales and the general market cap. None of the major markets consist only from minor users. |
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I do understand that altcoins are very much appreciated and accepted globally slowly. But the thing you point out that society is moving closer each day to becoming a globally cashless society is super doubtful. Before seeing fiat as the bitcoin's competition, you have to keep in mind the previous currencies. Golds, silvers, bronze, salt, spices? Those are the trading goods before and the fiat unsuccessfully replaced them.
Why unsuccessfully? Everyone is using fiat money it is popular AF. Maybe fiat replaced them because everything was not that good? Sweden being a small country with 11-12 million of population coming up with the plan to stop using cash and go completely onto digital payments is possible. Also the deadline is years away from the present day. Within this if the government plan in the right way they can easily implement the same serving as a model to the rest of the world countries.
China is planning to get rid of cash and they are successfully doing that for the last time. And it is not a small country. |
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Post this thread somewhere in social networks (like Facebook or Twitter) in some feminist or SJW public page -> receive tons of hate speech reports and simple harasments in comments -> get banned. But generally I fully agree with you  |
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It feels like Facebook is going to issue something like WeChat Pay in China. They already have a huge audience and now FB will try to make them use their payment system.
The bad thing that I'm almost sure that this currency will be regulated by facebook and the government. FB has been banning people for everything: hate speech, free speech, trolling, whatever. it doesn't seem like now they are willing to make a free currency.
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Bank : ‘Bitcoin Is Not Money’ Because We Cannot Print It
Bitcoin Paper Wallet : Am I a Joke To You?
Looks like they skipped economic class, they clearly forget gold, coins, etc. are money which accepted everywhere (or used to be) in whole world.
They used to bring reasonable argument, now they're not which means they realize the value of Bitcoin.
Well then, try to buy something for gold today. I'll be curious to see it Gold is not considered as money for already a pretty long time. In modern world money are issued by bodies, that are able to provide any kind of monetary policy. In this case, BTC is not considered as money. |
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(bitcoin is considered to behave like gold at this point)
Bitcoin obviously has some features that he took from gold but it is definitely not about safety. At all times cryptocurrencies were considered as a risky asset and there is no chance that an asset, that was risky at a stable time will somehow become safer than the things that were considered as safe. If you feel like the economy in your country will collapse soon then go get a mortgage in your local currency. If your prediction will be right then you will even earn some good profit. |
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How does this affect the regular investor though? Were they selling palladium bullions to people like they do gold, silver and platinum?
I don't think that regular investor is buying physical palladium or even that brokers are storing palladium somewhere to back up what its users are trading. It is more likely to be that traders are just trading numbers and will probably continue to do the same. but for sure, car manufacturers would surely place the price spike on top of their automobiles
As it was already mentioned no one should notice the car price changes. But what if Russia try to avoid this export ban by exporting catalyst instead of palladium? Or the 2nd case if things will get worse then car manufacturers can move their production to Russia to get better access to resources. |
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It might be considered that currencies like Saudi riyal are backed by oil (simply because Saudi Arabia is not producing anything) but not USD.
American dollar is backed by US Internal Revenue Service. They got a commitment to gather trillions of dollars annually by gathering taxes from US citizens and companies. This is how USD is backed by US economy. That's simple.
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Kind of madness with that giant companies
While many of us may cringe that big corporations are trying to see what they can do with blockchain tech (and none of them have done anything useful yet that I know of), it's to be expected. Well, most of startups and ICOs also can't do anything yet. Generally for now only Bitcoin, Ethereum and Ripple did something worthy but even those projects are not really popular outside the crypto world. From all that news i see that there is no more talks about illegal use of crypto currencies what is best news
Yeah well, it's a bit silly for that to be making news anyway. That just shows you how brain-dead and pandering the news media outlets are, that they would magnify that aspect of bitcoin and ignore the fact that every single government-issued fiat currency has been used for illegal purposes since the beginning of money. The dunces eat it up. No one outside crypto community really cares about the blockchain innovations in some particular companies. And in is hard to blame them because there is nothing strange that artist is not going to read news about innovations in surgery. So normal people often see bitcoin mentioned in different social news: something about guns, drugs etc. That is not really a fault of medias that they are not featuring the positive side of bitcoin. |
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if crypto payments will be somehow popular in their store then they might become another big whale and in case of any financial crisis they may dump their coins.
Not all the merchants who are accepting bitcoins cannot become a whale unless otherwise they will do stash all their incoming transactions and compensating business with other income stream. You are talking a new whale as a negative thing, but they will help crypto markets to grow by saving cryptos in massive numbers. Previously we could witness situations when some major ICO after successfull tokensale is selling its ETH. In this case they were dumping millions worth of ETH to the market and the price obviously dropped a bit. How will they accept cryptocurrencies? Is that gonna be something like bitpay when you pay with BTC and a seller receives fiat or they are going to totally accept cryptocurrencies?
I am able to get your point but we are individual hence thinking like that but for a business point of view, I guess they might convert their crypto payments instantly into their local fiat hence there will be no bottleneck will be appearing just due to the introduction of new payment options. Accepting cryptos through a payment processor would be the first priority for any developed business as it will eliminate lots of hassles including withstanding against hard volatility of crypto markets. Well, that was just my thoughts. I'm 100% sure that they won't have billion $ worth of BTC revenue so they probably won't become a new whale anyway. But yes, making it easy to pay in crypto is an important step forward for crypto users. |
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