if the dollar goes to zero, that would pretty much mean no one has a job. who wants to work for $30 per hour when a loaf of bread costs $1000? owning bitcoin won't change any of that. You don't know what black markets are, do you? Even in Weimar Republic, goods didn't stop existing. They just shifted to... black markets. Same for USSR. https://www.youtube.com/watch?v=OuOcnGAv4ooPrediction: Instagram/TikTok/OnlyFans thots will be glad to offer (real-life) sex services for the price of a... sandwich (hmmm, let's say 500 sats  ).  |
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Τι σκατά έγινε με το forum;  Θα παίζουμε Flappy Bird τώρα ως "Proof of Work";  |
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"This user is a suspected spammer!"
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In regards of requesting moderator in Greek board, It feels like it has slowly transformed into politics. Not that I complain about that coz it has nothing to do with me, I just felt that it has slowly turned into a different story. What do you mean? |
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What if someone owns an online shop that takes btc. It goes without saying that, he can possibly take some mixed (coinjoined) coins. But later, he has to pay the host billings etc, so he has to convert the coins to fiat by deposit to exchanges.
The problem is that: some exchange can freeze the funds for it contains coinjoined btc. That eventually results in funds loss.
Your advises please.
I agree, this is a problem if you want fiat conversion via CEX. |
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It's already happening. Big economies like India, China, Russia, are already in talks to ditch the dollar. Yeap, they even plan to introduce a commodity-based currency (kinda like IMF's SDR basket currency). Regular people (middle class) should ditch USD (and EUR etc.) before the total collapse... The Great -Currency- Reset (aka CBDC introduction) is coming soon! |
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i'll check it out but the us government can only fail if its military fails. which is not likely to happen.  With this kind of "leadership" (Biden + woke folks)?  And 2 trillion USD wasted in Afghanistan already? Sorry, but the US army (USD backing = Proof of War) doesn't seem to be in shape anymore... the final episode will be played in Taiwan vs China (2026, next BTC bear market). |
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Δεν είναι απίστευτο ότι μέσα σε 3 μήνες ανέβηκε 70%; Να αυτά μ' αρέσουν.
Δικαιώθηκαν όσοι λέγανε πάτος 1 χρόνο μετά το ATH και έτσι δεν περιμένεις πολύ για να γίνει inflation hedge. |
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Again, they are creating securities which must be bought. And even if you think endless printing of raw cash is the solution to this, just look at places like Zimbabwe or Venezuela where it costs $100 trillion to buy a loaf of bread.
so the national debt is somewhere around 32 trillion dollars. nobody really knows what that means or if it means anything at all. you could add a couple zeros to that and it probably has no affect. it's just an abstract number unless it's causing real world consequences. it's not something we need to pay back it's just a number. apparently. This type of American arrogance is going to bring us down (the entire Western empire). Ancient Rome was that arrogant right before it fell. Watch this video if you're open-minded: https://www.youtube.com/watch?v=OuOcnGAv4oo |
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Zero moderation...  |
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So what do you think will happen? The US national debt will continue to increase unchecked until eventually we are paying our entire GDP just in interest payments. What then? You think investors and institutions are going to continue to lend us money when it's abundantly clear we will never pay them back? What do you think happens when we default on trillions and trillions of dollars of debt and can't fund any government spending?
https://www.reddit.com/r/Bitcoin/comments/123mi9k/what_happens_when_your_debt_is_the_worlds_reserve/ |
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I don't think BTC will ever adopt MimbleWimble (it would require a hard fork), but I guess you can have a look at BEAM.
The only drawback of MimbleWimble is that you have to be online to receive money.
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And risk collapsing their entire company if the community then decides to fork to and ASIC-resistant mining algorithm, as many other coins have done in the past. Some altcoins do that (Monero for example), but BTC is very averse to hard forks. It's low, but it's not zero. The US defaulting on its debt could lead to very rapid devaluing of the dollar.
Agreed. I don't know why some Americans sound like ancient Romans: "Educated Romans did not believe that their civilization could end. Neither do most educated Europeans and Americans today. Read works from the twilight years of Roman civilization and you’ll encounter a dizzying disconnection between the hard facts—roads crumbling, trade links snapping, the imperial government holed up in Ravenna while barbarian armies surge across the landscape—and the serene conviction that these are temporary inconveniences that the Roman Empire will surely surmount once times improve a little. I suspect that people many centuries from now, when they read ancient literature from the twenty-first century, will find similar disconnects in our narratives: the gritty realities of life in a declining civilization coexisting serenely in the minds of today’s writers with the conviction that someday soon we’ll surely be headed for the stars."
- John Michael Greer I get it, nobody wants the US economy to collapse and become poor overnight, but nothing lasts forever. That's why we have Bitcoin, right? It's our lifeboat. i don't see how that could happen though. who does the usa owe money to and who is keeping track of that? in secret the government could just print more money anyway and pay off any bills...since they own the money printing machines. Sorry, but you sound even more clueless the more you post. Do you know what M1/M2/M3 are? Nobody can print money in secret. If it was that simple, everyone would do it. I'm sorry, but there's no easy way out. US will pay for its mistakes, just like the ancient Rome did. Nobody is infallible, nobody is a God to fix this mess with a magic wand. |
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It was a limited beta run in the UK only. Don't give me outdated links from 2021... I've been a Revolut customer since 2016. There is no reason to defend Revolut for anti-consumer practices. The company size has nothing to do with it either. Many exchanges are smaller than Fidelity and yet, they offer withdrawals for everyone. |
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"Donating his stash" means "printing more BTC" to you? Absolutely not, which is the point I am making. When you said "unless you're Satoshi..." I took that in reference to it being impossible to print any more bitcoin. Reading the line that I quoted from you again, perhaps your intended meaning was that bitcoin could not be used to fund wars, unless Satoshi donated their stash? I don't strictly agree with that either, though. Bitcoin can be used to fund anything, if it is owned in sufficient quantities by the "right" people. I think it is fairly likely that a number of governments around the world are holding not insignificant amounts of bitcoin. I could also imagine a theoretical scenario where TSMC (the biggest and most advanced microchip manufacturer) devoted 100% of their wafer production to manufacture an obscene amount of BTC ASICs. That way they could capture a huge share of the BTC hashrate (and maybe even perform a 51% attack if they're malicious enough). Will they do it? Most likely not. They would have to abandon their other customers (Apple, nVidia, AMD etc.) and the global economy (totally dependent on microchips) would collapse. That will happen when China invades Taiwan either way, but that's another discussion. So yeah, there are potential ways to fund wars with BTC, but it would be extremely difficult and counterproductive. Just like it was possible to fund wars with gold, but it's very hard to extract huge amounts of gold. With fiat USD it's easy-peasy. And yet, you see Americans on this board being "OK" with the fact US taxpayers paid 2 trillion over 20 years to fund a failed war in Afghanistan. Let's not just blame the FED/US government. Most citizens are pretty dumb too. An enlightened minority cannot go against the majority. At least not in democracy. In my opinion, TSMC has its own business mission, which is to produce the highest quality chips. TSMC is a unique company, because a large number of companies produce chips for modern electronics (for example, Samsung), but uncompromising quality is precisely the products of the Taiwanese company TSMC! Of course, such a company will not expand into the ASIC market and carry out 51 percent attacks. In general, if we analyze the evolution of Bitcoin, we can conclude that the first cryptocurrency is being introduced into our daily lives very slowly, using every opportunity to take a better position. For example, today I read that the US government is one of the biggest bitcoin whales due to the large amount of confiscated bitcoins. Therefore, after some time, Washington officials may come to the conclusion that it is more profitable for them to introduce bitcoin into the US financial system, rather than ban it. In my opinion, when Satoshi Nakamoto created Bitcoin, he considered this process as the first stage of a new technical and financial evolution (and his idea was completely successful). That's why I said it's a theoretical scenario. There's a higher chance of BTC reaching 1m USD by June, rather than TSMC devoting their entire production for ASIC chips. Regarding adoption (Deutsche Bank woes): https://finbold.com/over-1200-german-banks-can-now-offer-bitcoin-trading-to-their-retail-customers/ |
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It's quite simple actually: USA should stop playing world police.
there's some situations we shouldn't stick our nose into but then others where you don't have a choice... If you say so... you better read some history: https://www.history.com/news/8-reasons-why-rome-fell4. Overexpansion and military overspending
At its height, the Roman Empire stretched from the Atlantic Ocean all the way to the Euphrates River in the Middle East, but its grandeur may have also been its downfall. With such a vast territory to govern, the empire faced an administrative and logistical nightmare. Even with their excellent road systems, the Romans were unable to communicate quickly or effectively enough to manage their holdings. Rome struggled to marshal enough troops and resources to defend its frontiers from local rebellions and outside attacks, and by the second century, the Emperor Hadrian was forced to build his famous wall in Britain just to keep the enemy at bay. As more and more funds were funneled into the military upkeep of the empire, technological advancement slowed and Rome’s civil infrastructure fell into disrepair. https://www.youtube.com/watch?v=OuOcnGAv4ooJust don't say nobody warned you when the US empire falls... |
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