If Greece exits the eurozone, what actually happens to the existing debt? And will their currency actually have a lot of value? Just seems like a huge mess and I'm thankful I'm nowhere involved with it. I can't imagine what it's like for everyone involved.
A default happens and the rest of europe have to deal with it. Just like when a default happens when you lend money to someone. As far as I know, Greece isn't forced to pay back, they can leave anytime they want (and deal with the consequences of being outside of the EU). Tsipras stressed on how important it is for Greece to be a part of the Eurozone, for all the benefits it shares regardless of the financial blessings they often receive. If Greece starts from scratch and have their own currency, it would be a really hard process for that to happen. Also, it would display mis-trust and be recorded as a default which would also eliminate them from any trades in the global market. There will be no globalization in Greece, no foreign brands will be be sold in Greece. |
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I like that you said "UK & Europe".
Frankly, that wasn't needed. Writing only Europe would have been preferable. I guess it shows that OP's British. Quite surprising that no Russian has participated. I used to think there were plenty of Russians in here. But hasn't bitcoin been banned in Russia? I was answering a question for this forum and I read something which made me curious to know how many countries have banned bitcoin. I researched a little and found countries like Bangladesh, Vietnam, etc. I also found Russia made into the list, so I don't really expect to find a lot of Russians in this poll. Sure, some people fake their identity but in reality there are very less bitcoin users from Russia. |
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So how does this work exactly? Are you a bitcoin bank that we keep funds with that we can then spend where bitcoin is accepted (using your debit card) or withdraw funds from a participating ATM - is that how it works?
Regarding ATMs, how many ATMs are in your network? How do I know if there's one near me?
Forgive my lack of knowledge on this and I appreciate your response!
I think they are providing an ATM card which is supported by majority of all ATM machines, which is very common nowadays. Also, there is nothing called a bitcoin bank, rather bitcoin was created to destroy the idea of having financial institutions like banks. I think they're just providing an ATM service and an online wallet maybe, idk. I don't really feel the need of Bitcoin ATMs at the moment, because the market is very small right now due to lack of knowledge of bitcoins to the masses. It needs a few more years for people to start needing btc ATMs. |
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It is only a matter of time before bitcoin and other crypto currencies are the main money used on the planet.
These banks are too smart when it comes to domination, in an event where dollar is about to die and the government isn't sure about it, they will introduce their own currency. Their own crypto-currency! And you think bitcoin will be able to compete with a crypto currency which is backed and supported by the government? What if they make it compulsory to not use any other crypto except their own? The government has already started working on that, US Government funded 3 Million for cryptocurrency research and stated their goal as to seek potentially new ways of developing and implementing cryptocurrency technology. On the other hand, there is news about government regulating cryptocurrency in terms to avoid money laundering. There have been strong rumors that even Canada is developing their own crypto |
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Real economics is about human beings. Real economics which can offer real hope to real people. Most often, we are made to believe that we are being paid and we are buying things making us a part of the economy. Yes, we all are an equal part of the economy but even if a few hundred people won't buy or sell, it won't affect the economy and the economy doesn't need to care about that. Economy was designed to help humans, and now economy is what runs them and guns them.
In short, we can understand our economy by asking simple questions like What goods and services shall be produced, and in what quantities? How shall goods and services be produced? That is, by whom and with what resources and technologies? For whom shall goods and services be produced? That is, who is to enjoy the benefits of the goods and services and how is the total product to be distributed among individuals and groups in the society? |
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If there would be "forced charity" instead of taxation where I would choose from few options what I can do for the society with my money, it would be much better.
I don't think that's a bad idea, I would also like to know where my taxes go and I think i could claim that right the same way they claim the right to track my money. I believe there should be a system which gives us control over where our taxes are directed or rather, at least notify where our taxes are being used. Money is an important element for daily survival and it'd be nice to know that at the end of your day, your resources aren't wasted. |
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there isn't a good way, it's all about luck, otherwise everyone should've been rich already, but since it isn't the case, if you aren't rich it mean that you are not lucky enough
even those rich guys that who have struggled to achieve their position, they had a big luck somehow in their life, that helped them
This reminds me of the movie Batman in which the villain who was before, a very good man called Harvey Dent who wished the best for his city and did everything which was in favor of Gotham. There's a scene in which Harvey Dent asked Rachel that they would do a coin toss about who will handle the case and she questioned him that why would he leave a man's life on luck? His response was, 'I don't leave anything on chance, I make my own luck'. |
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Bitcoins will be hard for them to stop without shutting down the entire internet. Should a government act against bitcoin, it would drive the price through the roof.
There are already a few governments which have acted against bitcoin, and how do you think has that helped bitcoin? It is thrown around in the media negatively, residents of a country are thereby even restricted to use it because it is banned in their country now. Also, bitcoins doesn't have such a strong backing by a lot of people that the whole internet will be fighting for them. I don't think the internet or the people care about bitcoin as much as you believe they do. The legal status of bitcoin is different from one country to another because these rules are changing/being created slowly. While some countries have explicitly allowed its use and trade, others have banned or severely restricted it. Even different governments have classified bitcoins differently, some realize its power and embrace it while some are scared of it. Bangladesh, Bolivia, Ecuador, Russia, Vietnam are some places where it is termed illegal. |
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I think Bipolarbob has left for another forum long long time back. There are many people here who received his love with free or super discounted gift card, some dude even created a thread when he got a 50$ gift card for just 6$ from bipolarbob, and bipolarbob's funny puns were really nice. Some guy advised him that he should get an avatar and he responded back saying,'I liked the movie but I don't know what the big deal is'  Well atleast he still made a great giveaway thread few days ago that gave $5 for first 100 posters  He is a nice guy who like to help other person, not to enrich someone. Yes, I believe I have also encountered the gift certificate giveaway contest by bipolarbob, it is very rare to meet nice guys which can happily give away their money in exchange of satisfaction from happiness of others. He is a very nice guy and I wish the best for him, and I definitely hope I am blessed enough to encounter such similar people for the rest of my life. |
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Bitcoin is really attract my attention since my first glance. It has value , fast transaction and low fee rather than my local cash.
That's why I like owning bitcoin over cash. Recently many online shop has accept bitcoin as payment method , which is really helpfull for me to purchase something with bitcoin in real life.
I can hardly come across shopping websites which accept bitcoin as a payment gateway. Where do you live and which is this website you talk about? Are there anymore such websites and is their delivery reach global or limited to a country or a region? Also are you sure you really know your investment? If so, tell me in your own words about how and why it has a fast transaction, what kind of fee are we talking, etc. |
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Maybe the person already has the bitcoins for a long time and he made a really great profit. Bought them for a double smaller price. So now he wants to try the cake and start something new with the earn money  Its really stupid of the person to give up and not hol btc anymore just because he has held it for long and watns to try the cake. If we are looking at transactions, they will always seem anonymous and pretty much impossible to track. Although I don't really advise on holding on those 44k bitcoins for the rest of your life but selling it all away is something which I feel really bad about. There's a lot of opportunities which come your way if you have 44k in bitcoins man |
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I understand that all his decisions weren't really the best ones, everybody makes mistakes. Its not his mistake exclusively, so for us to put all the blame at him. And instead of pointing fingers at people, I think more concentration should be provided on how to make the debts go away by hard work. There is no substitute to that, and I think that Tsipras is taking it like a man and handling it well, I think he's a nice guy.
Politicians are judged by the results of their decisions, not by their intention. The January they received a partially stabilized economy, with primary surplus and small GDP growth, and now their policy over the last 7 months has created a primary deficit, closed banks for about 2 weeks and even more recession of about 4-5% GDP. Moreover, they have caused a great political instability because their MPs did not support the new bailout which is going to be the government policy for the next years but they do support the goverment! That's complete madnesss! Well then there are a lot of times when big politicians have made huge mistakes but it did not mean that they should be blamed and thrown behind the bars, nobody really wants to be in this situation anyway. Greece has its hands tied and are forced to beg for money from the eurozone while Eurozone does not want Grexit to take place as it can be really dangerous if other countries start getting a little too involved, shit happens. let's deal with it. |
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The only money I save is through buying Bitcoin I've personally never had so much money at any given time in my savings.
I think that has happened because you have not made any other external use of your btc by investing it into something, gambling, etc. You're a hodler and you will not let go until it is a very very big market. That is a good thing but I advise you to play a little with your bitcoins and maybe invest them into something you think has a future, or better yet gamble with the coins you think you can afford to lose. Sometimes you will comeback with lot more you think you were ready to let go. |
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yeah we cannot say that bitcoin is already mainstream because there such people who know what is bitcoin really are, and most of people are didn't yet know the bitcoin and also more people more likely to used their own currency than bitcoin, because they though that bitcoin is NETWORKING :3
The only way bitcoin could be assumed mainstream when there is a significant amount of people enough to stop transacting in any other currency except bitcoin. The amount of people who would desire this evolution would be enough to cause a change/effect loss in the market if they did not buy anything despite being potential customers of this organization/business/etc. As of now, bitcoin stands not mainstream. |
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You miss the point, Satoshi dude is the one who claims to be the founder of bitcoin. So yes i need to know more of him. I can predict that Satoshi dude is an imaginary character made by the country which developed bitcoin... Then which country is that? Then yeah i can predict it is USA. That is not because i am smart, that is because it is f***n obvious.
Then why they hide themselves? Something shady going on man.
part2,
Lol Bringing Warren Buffet to the conversation?!? What the hell man... Have i ever said put all your money into Coca-cola shares? No.
You're missing the point too which miracal is trying to make. He is saying that nobody cares about the CEO, they care about the profit chart and market strength when dealing in a stock market. CEO's, shareholders, the people in these positions keep changing over time. Why such a keen interest on Satoshi? Satoshi is a person who liked anonymity, that is the very reason he created a currency which allowed a transaction to take place anonymously. |
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Bank Indonesia (BI) expressly states or bitcoin digital currency and virtual currency is not the currency or legal tender in Indonesia. BI director of the Department of Communications, Peter Jacobs urged people to be careful of virtual currency Bitcoin and others. "All the risks related to the ownership or use of Bitcoin borne by the owner or user of the virtual currency Bitcoin and others
As long as they don't expressly outlaw the use of Bitcoin, we are good. I doubt if anybody will ever come out and say that Bitcoin can be used as legal tender. The only time bitcoin has a threat from a particular country is that their country officials feel uncertain and not comfortable with bitcoin, and go ahead and ban it in their country. The reason they ban it is quite clear, they pretend to protect their people from bitcoin but actually fear the power of bitcoin. If bitcoin is not banned in a country, it is much more easier and beneficial to improve adoption percentage in that country. |
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Politicians using taxes to take wealth from poor to rich, only bitcoin can change that. What do you think?
I am not sure bitcoin will change that. Countries will want to tax bitcoin as well as any Fiat money out there if they are going to recognize us. We will have to comply with their laws. If we reject this, than they will make us illegal. I am really not sure what is the best thing to do. Taxes are among us since forever, this is the way politicians live. Can we really stop taxes altogether? I don't believe so. Very tricky question! The important question is why is everybody looking out to avoid taxes? if one want to revolutionize taxation and currencies, why not amend rules regarding taxation and currencies altogether? Also, there is already rules and regulations regarding taxes and most of us already do pay taxes when a transaction takes place, other than that they are treated as capital gains. There is a more detailed explanations on the internet, give it a read Well I am actually not even trying not to pay taxes. I am OK with taxes if the amounts are fair and I know where my money is going, where is being invested. But we all know this is very hard to achieve even in more transparent democracies. Dude we all thrive on the idea of independency and privacy of currency yet we expect to know exactly where every penny of ours land. Its not our job, if the government does something for the country, their main share of working capital finance are taxes. Even if you send a coin to somebody, chances are you will never truly know who it really was except if you knew him personally. I think it will be really hard for the government to tell us exactly where the money goes and comes out. There's a ledger which records all calculations and transactions, which I think is accessible to the public. Enough info....as long as there is no corruption involved  |
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Obviously the play of the century is to buy bitcoin. The dollar bubble is going to pop, and when it does precious metals and bitcoin is going to skyrocket, but in the long run I like bitcoin over precious metals and right now bitcoin is selling at an unbelievably bargain rate. Imagine being able to buy gold at these bitcoin prices, and bitcoin is better than gold!!
Even if the dollar pops up, you think they don't have choices and options? You think they haven't figured out a solution if there was supposed to be such a debate? The government's too smart to fall for it. Also, if bitcoin starts to compete with the US dollar, you think other countries will stand strong unaffected? The only way a cryptocurrency can even be considered to exist is if fiat and cryptocurrency co-exist and used daily. Dollar won't go down and vanish in thin air just like that. |
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on that time were new investors coming into the game of land of opportunity most of them enter and now are just watching it recover slowly value,is hard to predit where it can goes but i guess is almost impossible to back to 100 dollars as some are hoping for a down.
Let's be really honest, you think a lot of people will buy in when bitcoin goes down to 100$? A man who invested at 1000$ sees his investment reduce to 10% of what it was initially, its really shattering. Yes, it might boost up or whatever but I don't really think I would trust bitcoin if it hits such a low again, that would indicate there are problems in the market which people have no control over, and no solution either. |
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if you need to withdraw money use the ATM, if you have to pay something use the online paying system if you have one, or play your things on time and make a notice that everybody has a working time. The banks work with your money and give you just a 6 % interest rate, common that is so little. Invest your money in something else  I don't know who you bank with, but my bank definitely doesn't offer anything close to a 6% interest rate (I'm assuming you're talking about deposits). 6% is a very good rate if there's no risk involved, seeing that we can borrow at 2.1% here in Canada. 6% is definitely a good price, a very good rate by the bank. If money is saved and interested is provided, its one of the most secure investments. Bojan wants to reap more benefits than just 6 percent which also increases the risk factor and the way of reaping that profit might not be really that secure as much. If freeyourmind wanted to earn more profit and didn't care about security, he would go to a casino and not a bank |
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