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maybe because in the beginning btc was used as a means of payment for illegal goods such as drugs, human trafficking, and so on that was done in the deep web maybe because of that the government still could not btc btc, added in btc the government itself could not collect taxes or administrative fees from btc, and enter into a country's GDP
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Bitcoin transfers even between countries on average the administrative costs are very cheap. Obviously more profitable than banking transactions, the administrative costs of which are still expensive.
I hope that all banks can see opportunities for Bitcoin to be utilized. Although I acknowledge the central bank's concern if Bitcoin transactions are used for prohibited matters.
One step that can be done by the Bank is to allow Bitcoin transactions on condition that they have to be registered on a special platform. Later the patform must be accompanied by a central bank permit.
This means that all bitcoin transactions must be recorded by regulators, now there are many illegal bitcoin transactions without permission and without supervision from regulators.
There is one country that can use it, for example in Japan that allows transactions with Bitcoin, even for payments in retail stores.
The government in Japan actually allows retail stores to accept payments via bitcoin. There are 4,000 stores that accept bitcoin payments. So far there are no problems. Even the Japanese government is making its own cryptocurrency.
Yes, it may be more efficient, but it tends to have a higher risk of being exposed to fraud because we do not have any data with whom we transaction, so I think BTC is indeed more efficient in place of time and cost. but it will not be safer than transactions in a conventional bank |
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maybe it will be temporary or even the price can go down very far, as we know for now crypto is not stable and tends to go down probably because some countries are starting to block crypto as a medium of exchange in their country. causing people to start believing less and prices tend to fall. but I believe one day prices will rise again.
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Like many powerful currencies in the past, USD may fall to ground too, my question is will that effect BTC value? Or is it independent of all other real world or non digital currencies of the world?
in my opinion that will have a profound effect on the BTC price where we know, if the value of a currency increases then the purchasing power of the people will decrease, so will the impact on BTC if the value of the currency falls then people will think twice about investing even more in crypto which has high risks and very volatile prices. tend to rise high and go down very far |
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if i build a bank of bitcoin that operating like a traditional fiat money bank when people can save the money and get interest for their saving and also people can get a loan from my bank but the fiat money is change for bitcoin, the question is would you guys trust me to save your bitcoin on my bitcoin bank that i want to build ?
Wow, I don't think it's easy. if you make a crypto bank where you really need to have super tight security. moreover for what a bank is if the form of the exchange rate does not exist. isn't it better to keep in ourselves. just imagine if I keep my BTC in you, it makes no difference to me saving my own BTC. because BTC is not something tangible like money and requires a place to store it. and for what I also need a bank of BTC if only with wallet I can make transactions anywhere without being charged  |
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If everyone around the world gets into cryptocurrency, do you think it will even help in solving or lessen socioeconomic problems? Can it be used to buy goods from other countries? It is fair to say that crypto will help a lot of people but what will it do to one's country? Will it help improve a country's economy?
Wow, in my opinion no, because with whatever you change the currency of a lazy person and do not want to work it remains like that, because there is only a small relationship between an exchange rate with a human personality in my opinion like that. |
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The goal of technology was for everyone to have easier lives and work less. Well todays generations have it much tougher. They are working for much lower wages and longer hours. Its next to impossible for millenials to purchase a house on their own. Something here itsn't right, Capitalism?
yes it is, because if you know the meaning of technology actually philosophically. technology is a tool used by humans to facilitate and accelerate an activity or work. that's the meaning of technology literally |
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I think if the whole world starts to change their currency with crypto there will be a little instability, due to several points
1. how do we differentiate between one country's currency and another
2. how do we make a purchase if one currency has different values
3. how do we exchange with people who still don't understand technology will be very difficult,
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We all experience being financially challenged and we cannot deny that money makes us revolve around it. When we find ways to alleviate our financial suffering, we stand our ground and spend so much effort just to see the result and of course, benefit from it. Do you think that spending time and effort to gain bitcoins is a rational idea? Do you think that you could've been wasting your time? Let me know about your thoughts.
because I like new things and I think BTC is a new thing that I am learning, so that is the reason I spent time on crypto, and moreover I became more aware of how crypto works and how to benefit from a cryptocurrency |
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Just want to share my experience for a week ago.my wallet was hacked by a poor hacker in my opinion because in my wallet not more than $200 and the hacker was hacked only $80 when eth for the gas transaction was run out.very so sad when we waiting for the best price and i will sell it but it was hacked
hmmm I don't understand why, maybe he just took something that was easy to resell therefore he chose eth to take and left another coin coin, because in my opinion there are some coins that are not too selling in the market |
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yes of course because if dollar price is high the purchasing power of people will be going down the people will save their money then buy BTC i think
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it will be take a long long time to make economic better, we can start do a better thing with ourself and then our society, and then our nation so it will be take a long journey
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yap this flactuation of price cypryo is so risky, but if you know about investment is called. high risk high return, and crypto do that, give me high return for high risk  ) |
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yeah you right but only time will know bitcoin can do it for long, because for now to many coin in the market wants to be the best so bit coin will have more competitor.
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i think its just because too much phising in crypto ads in google maybe? so this why the rumors come google going to block any ads from crypto
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aggre cause i see to much people who do a speculating about btc to die without know about anything, cause all he know is jjust from a wrong person
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its not monopoly i think, the monopoly is when you doing exclusive possession or control of the supply or trade in a commodity or service. i think bitcoins is just a market leader cause he first crypto so many people trust on a bitcoin
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We know Bitcoin is one of the powerful and top coin in marketplace.
But world wide all county are announced its illegal.
I personally think that bitcoin is very help us for paying any payment.
Its has many facility.
But our government are announced its illegal
i dont know why maybe because the bitcoin not cover with gold like a money, the money is cover by gold. or the goverment is can take any tax from transaction from bitcoin worldwide trade |
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hahaha i should give him merit if sometimes i have smerit, and the good things is i never knew if satoshi have been posting on this forum anymore )) |
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Saya bingung harus memulai darimana, bagaimana cara main bitcoin yang cocok untuk pemula agar menghasilkan profit untuk sekarang ini?
sebenarnya saya bingung dengan pertanyaan agan ini, bagaimana cara main bit coins 1. bitcoin bukanlah sebuah permainan, tapi sebuah investasi dimana agan harus mengerti dasar dasar dalam berinvestasi kapan harus beli kapan harus jual, karna ini bukan permainan kalo agan anggap ini sebuah permainan tanpa melakukan analisa analisa teknikal maupun fundamental maka kemungkinan rugi akan lebih besar 2. atau agan bertanya bagaimana cara dapat bitcoin, kalau cara dapatnya agan bisa melakukan mining (kalau untuk yang ini ane sendiri belum paham karna gaada basisi seorang IT hehe) 3. yang agan maksut ini mungkin bermain di forum bitcointalk.org karna dari komentar komentar yang saya lihat banyak yang menuyuruh menaikan rank, kalau untuk bermain di bitcointalk lebih baik agan nikmati aja post tiap post jangan terlalu di kejar kejar haha kaya apa aja dikejar kejar, nikmati aja gan usaha gaakan membohongi hasil. karna nanti kalo udah Jr.member biasanya gan akan ada beberapa ico yang menerima Jr.member untuk melakukan pekerjaan entah itu ngepost di forum ini, retweets atau share like di facebook itu aja mungkin yang bisa ane kasih tau gan hehe |
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