"Paper money is going away and cryptocurrency is a far better way to transfer value than pieces of paper" but as far as his companies getting involved "I don’t think it would be a good use of Tesla’s resources"...
continued @ https://GlobalCryptoPress.comPretty exciting, hopefully some good press can help keep this week's run going! Of course paper money would give way eventually or be reduced to a ridiculous certain percentage of spending without any doubt however, it does not mean that automatically translate to the use for crypto because even now, electronic money have been the other of the day especially for the teeming youth population that virtually every transactions can be done via mobile application. Ellon's comment is really not coming as a surprise though because he has been known to not follow the norm and on the other side of things. But hopefully, the new wave of things would benefit the entire crypto market. |
|
|
|
Most citizens of countries in Africa like Nigeria, Zimbabwe, Kanye, South Africa etc have turned to Bitcoin as their recuse from poverty a
While its worthy of note to appreciate the effort you have made in coming up with the statistics and also making the effort to change the narrative of some people that Africa is still far behind in the area pf adoption of blockchain and its accompanying products, it will also be over reaching to conclude that most citizens of the countries you listed are now turning into crypto because that is going to be a false representation. Yes the penetration is growing but the truth is, its not enough to classify as most because the technological push and the legal framework to push for such qualification is practically non-existent. May be in the next 5 to 10 years we can say ''much more people...'' |
|
|
|
Bloomberg released an official statement denying that Emaar Properties accepts cryptocurrencies. Blogs and reports have been circulating all over the internet claiming that Emaar Properties is accepting cryptocurrencies as a mode of payment. “Emaar only accepts payment in government-issued currency, primarily in U.A.E. dirham and U.S. dollar,” the spokesperson from Emaar Properties said. Read more here: https://www.unblock.news/news/emaar-properties-says-no-to-accepting-cryptos-as-paymentI really don't understand this kind of anomaly to have happened before considering Bloomberg a reputable platform to be caught in dishing out unsubstantiated news to the general public and they could not do well to have verify it before doing their own publicity on the matter. Why are people even bother looking for acceptance and confirmation where its none. When its the right time, organisations would engage in rat race on who to accept crypto first. Its only a matter of time. |
|
|
|
Good news for some Bitfinex users. The Bitfinex platform was hacked in 2016 and caused the loss of more than 120,000 BTC, which is worth 72 million dollars. According to a recent report, the platform, in cooperation with the US government, recovered a small portion of that amount, estimated at 27.7 BTC "does not seem big," which will be transferred in cash to accounts of 5,000 customers who were affected by that hacks. The Chief Financial Officer at Bitfinex, Giancarlo Devasini said that:
“Over two years following the hack of the Bitfinex platform, today we see the results of a clear and robust response strategy and the efforts of the U.S. government. It gives us great pleasure to be able to reimburse the traders that were loyal to us and believed in us at a very difficult time. We would like to thank U.S. federal law enforcement agencies for their ongoing efforts to investigate the security breach and their commitment to seizing and returning stolen assets.” Wow this is good news no matter how little it is. The mere fact that a message is being sent out clearly to those who have in one way or the other taken things that does not belong to them in the crypto world believing they can hide under the anonymity to perpetuate such can begin to have a rethink. Whether now or later in the future, the hands of the law is always long to catch up on any one who has flouted its provisions. |
|
|
|
Not bad with a 6% interest rate, that's a decent one, better than the banks from here and their 0.7% p.a. at least. Or 2% at best  I could even be interested if I knew more about the "insurance coverage for the digital assets it holds in custody" compliance is everywhere, even the traditional banks bother you with it... While I don't have the sufficient information as to the veracity of the entire project, I personally don't think the crypto community is ready for this kind of service and due to the skeptical nature of people here, its unfortunate I would need more assurances than what is currently available to even consider this as an option of investment. 6% is really not the problem as its sustainable but the problem is what they intend to use the funds for and how they intend to go about it to generate the promised return is a priority to me. |
|
|
|
Actually, i've been testing and accepting LN payments on my demo site for quite a while already... I personally find eclair mobile pretty user friendly. Offcourse, there's still a learning curve that's far bigger if you compare it with visa. Afterall, everybody has seen their grandparents, parents,... using VISA since they were born, so the visa-learning curve started allmost at birth. This offcourse isn't the case with BTC/LN. Basically, you have to incentivise your clients to: - 1) Install a decent desktop wallet on their pc
- 2) fund their desktop wallet with a couple hundred bucks worth of BTC
- 3) install a LN client on their mobile phone, create a new address, fund the address with "spending money"
- 4) open a channel between the client and the store's node, fund it
After these 4 steps, a store can generate a lightning invoice (QR) and let the customer scan and pay straight away... Works flawlessly, but still, i don't see my mother performing these steps... Also, the fact that you'd have to close the current channel if you wish to open a new one (when you have insufficient funds in your current channel for planned expenses) is a drawback. You can actually skip step 1, and switch step 2 and 3 (create a LN wallet right away, create a deposit addy and fund it straight from the exchange), but i would discourage anybody to keep a lot of funds on a mobile wallet. The biggest "drawbacks" would probably be to get somebody to visit an exchange or some other seller to exchange FIAT to BTC... I want to believe as time goes by, this processes and steps to use the lighting network would be further simplified or seamless because if all these steps are not simplified as a result of further developments, the limitations would not only be applicable to parents and grandparents but also people who are young because in the real sense. Its more complicated just looking at it and the conditions attached of loading couple of bucks in other to use is another major turn off which would shift people to a more accommodating alternative. |
|
|
|
Talk about the following feature you think most important in a Blockchain System:
1. Anti-ASIC
2. Anti-quantum computing
3. Anonymity
4. Cross-chain tech
5. off-chain tech
6. smart contract
7. ... (add more if you want)
Several suggestions have been made which is something that should be implemented but most of the suggestions are mostly not known to the common business man and even a lot of crypto enthusiasts who dont have the adequate IT knowledge. For me, one unique thing that should be added to the blockchain is protection. Today, the moment a transaction is being confirmed there is little or nothing that can be done about it whether the transaction was done via a scam action or a legit business transaction. This alone has made people fret and those who have had their own portion of losing their money to unscrupulous individuals with no hope of getting it back by any means. |
|
|
|
It is often hard to judge where we stand in the current cycle between bullish and bearish. The biggest problem with this, is that if you cannot accurately tell where you stand in the current cycle, you will not be trading optimally. We have put together a short, free, lesson to teach you what we have learned over the years about bull and bear markets as well as our strategy to trade different trends, cycles and market conditions. Watch the free lesson on Youtube here.I would love to hear your own opinions on how to judge where we are in the cycle between bullish and bearish, so leave your comments below. Any trader who cannot decipher between the two extremes is not ready to be a trader or is not qualified to be called one. Its also something worthy of note to consider that these two points are equally subjective as someone who entered the market when the price was $3,500 and now price is $3,700+ would surely believe that he is in the bull era but the same cannot be said of the individual who entered at the time when the price was around the $4000+. There is no need for any special lesson of videos to watch to be able to discern these two important positions. |
|
|
|
|
When big bankers are saying that crypto currencies are not threat to the global financial stability, they are not wrong because even without going into the detailed analysis and data they have access to before making such statements, taking a look at the total capitalization value of crypto currency alone shows that its not a force to reckon with as that could be swallowed by the revenue of just one multi national and could be the monthly transaction value of one big bank in the country. However, there is need to put a disclaimer there because it is not expected that the status quo would remain like that till forever because times are changing and the future is almost upon us.
|
|
|
|
A supposed Iranian gold-backed state cryptocurrency called Paymon was widely reported, but it is now emerging that a lot of details about the cryptocurrency are false. Paymon was reported to be a gold-backed cryptocurrency supported by an over-the-counter cryptocurrency exchange called Iran Fara Bourse, with an expected release of one billion coins that will be used to tokenize properties and assets. However, BeInCrypto writer Alexander Fred said in an article published on 20 February 2019 that a lot of details about the supposed Iranian state cryptocurrency were faked. Click the link for more details: https://www.unblock.news/news/iranian-gold-backed-state-cryptocurrency-turning-out-to-be-fakeUnfortunately in 2019 we are still battling with news like this in the crypto world. Its really something disheartening that a market that the expectation at this point should be all effort geared towards increasing popularity and by extension the penetration which would inevitably increase the price of bitcoin but what are we seeing here some people making frantic efforts in ensuring that the market is being brought down by all means by actions like this. The pity is to people who would have made some investment decisions because of the ''State'' backed declarations. |
|
|
|
Cashless India, the Digital India programme is a flagship programme of the Government of India with a vision to transform India into a digitally empowered society and knowledge economy. “Faceless, Paperless, Cashless” is one of the professed roles of Digital India.
Lets discuss!!
The society is not going to be fully ready if the move is not being made and that is the fact. The revolution of a cashless economy is not happening only in India but almost across the whole world and this is mostly driven because of the continuous increase in technology and the way we do things. At the same time I don't think the adoption should be rushed except there is plan to leave some members of the society behind as not everybody would be able to grab information at the same time but eventually its going to circulate or maybe the older population would phase out eventually. |
|
|
|
An early Bitcoin investor and self-confessed libertarian has built the first “seastead” with his BTC profits. For those who do not know, a seastead is a floating home designed to stay in international waters, thus allowing its inhabitants to live outside of the laws of any nation. ... https://www.newsbtc.com/2019/03/01/bitcoin-seastead/This is really a great news. If there is nothing to be happy about one thing has stand out which is having house on the water which to me is not in any way cheap and to have finance it with their proceed from bitcoin is something that is soothing to my hearing. The concern to me is staying in a place that you are immune from the law which to me is not something too good. As much as the advantage of not under the rules and regulations, so also is the exposure to attacks of people who cannot be prosecuted because the victim is not under the law or the area where the crime is committed is not beyond the jurisprudence of the law. |
|
|
|
|
Its really should not come as a surprise to anyone who is conversant with the happenings around the crypto market and the capitalists world that surrounds it. Even though its something that is outrightly wrong because since it cannot be proven that they are engaged in illegal activities, denying them the access to banking operations is mainly allowing them to start to operate in a disadvantage position. My believe is that its not going to last long because the world is changing and the banks needs to be fully integrated in the happenings of the future or else they would be left behind.
|
|
|
|
At the end of last February, Warren made a sensation again by saying that BTC was only a Delusion. He also said that BTC does not have a unique value, BTC cannot make a profit.
Warren Buffet always praised blockchain technology, but he never praised BTC. I think he is not objective.
but on the other hand, the Warren Buffet company has a large loss of $ 4.3 billion. I don't like this person, he always has a bad statement to make the crypto market fall.
I think you are missing things up. The statement by Warren is not what is making the price of bitcoin or crypto falls but the reaction of the market participants to such information which makes the aftermath of his statement a bleeding state for crypto. The point is if everyone should just continue their activities like normal before the said statement, it would only mean a mere expression of opinion on the part of Warren and that would continuously guides is way of talk. Yes the blockchain project itself is a great technology but trying to separate the two from each other completely is going to be an illusion on its own in my opinion. |
|
|
|
www.paxful.com and www.localbitcoins.com both allow for an escrow system for exchanging bitcoins for cash with peer to peer What are your experiences with each? Which do you prefer? Thanks Just like you have rightly said, they both offer the same kind of service and localbitcoin has higher volume and more presence that paxful. For me, I have only used paxful even though I have an account also on localbitcoin and I found it very interesting and straight forward without any hassles. The registration process is also straight forward although they are starting verification soon as welll. In all, I would pick paxful over others. |
|
|
|
|
I virtually buy everything I need with crypto currency because I don't see the challenges of stores not accepting bitcoin as an excuse not to use it. What I simply do is to convert to fiat which is always available then get what I wish without any bottlenecks whatsoever. However, with a service like yours, its expected that the middle process would likely be eliminated and would make transaction with crypto more seamless.
|
|
|
|
|
This is surely a good initiative that needs to be encouraged by crypto enthusiasts and entrepreneur that in that little stall or store that you have, you can contribute your quote the continuous popularity of bitcoin which won't happen if there is no push from people like us. Eventually, when I would get to have a store, I would definitely accept bitcoin.
My advise is to try as much as possible to keep the thread active and updated as without that, it gets pushed to the back without anyone seeing the good work you are up to.
|
|
|
|
Today, the cryptocurrency has grown very well due to rumors of ETF approval, but what has changed during this time? - right! anything increase is most likely temporary. Your opinion?
I suppose that it's only the temporal state, and it's going down again, somewhere at $3800 Exactly as you said, This increase of price It's just in a temporal state, according to preev right now, bitcoin price is ~3800-3850$. There is also still hope for a high increase in the few next weeks as I think! maybe it can touch the 4.5k$, this is only my prediction and now we should be patient and we will wait for the news, whether it's good or bad, and we will hope for the good news of course. Issues like this will continue to crop up every now and then except there is a solid base to justify the increase. The matter is even made worse by active crypto enthusiasts who are expected to be in the know or even more knowledgeable about the happenings of the market but they are the ones who are quick to even spread the rumours the more about how this is the next best thing or how the sky is the starting point only to burst the hope of people. |
|
|
|
|
I was actually looking forward to this news about the death of the founder who died and no one in the entire organisation have access to the crypto currencies in his custody. Things like this are what should not be heard in any sane industry and it would continue to ensure that regulators are harsh towards crypto start-ups. I have never seen a bank where one director will die and other directors can access the company's fund or an individual the fund goes to his next of kin after certain verification but unfortunately this is happening in crypto.
Its simply a case of failed system. Whether real or fractional peoples life saving are at stake.
|
|
|
|
|
Show Posts
