Unemployment is not the big issue for US that any government can't fix or it has been a recurrent issue even during Obama. So fronting it as a challenge in Trump administration isn't going to make Biden look better either.
The issue America is going to face in the upcoming administration for four years tenure is that of insurgence, terrorism, external aggression and trade walls. Now, having these challenges in mind in my opinion and looking at the both political parties, both candidate and including their political and personal orientation, who do you think can better get support to fight American external interest ?
Remember the Republican and Democrat have different views and agenda, so a Republican candidate can better protect America and the sanity of the world better. I think Trump can have the sympathy of the American electorate.
Lol, nothing Trump has done in his life has been out of sympathy or empathy and he’s led republicans down a hard rightward path into extreme nationalism and xenophobia. That all the republicans fell in line behind an extreme nationalistic agenda shows that there is no such thing as a moderate republican anymore. This will be the new normal now for the republicans. They can’t appeal to moderates anymore so they’ll unabashedly court the racists and uneducated poor to cling to their dwindling political power base. They lose the national vote routinely and are outvoted in state legislatures across the country, and only through extreme gerrymandering and voter suppression do they continue to win races. They’re the clear minority party, and after seeing what they do with their political power when they have it, thank god. |
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Fintech is making physical money obsolete, not so much fiat. PayPal and Square have done more for digital payments that crypto has done, and in my estimation, ever will do. The digital payment platforms that are actually changing the world all run on fiat. Crypto is still a niche product fulfilling a niche role for niche investors. It’s not anywhere close to being a viable medium for exchange on a large scale. |
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Imagine a Bank that has no management and administration. All these functions are performed by the smart contract program. Anyone who wants to connect to the bank becomes its co-owner. You can place your financial assets as authorized capital in the form of a deposit on your bank account. The bank guarantees the preservation of financial assets by issuing you an equivalent value (smart contract tokens). The bank accumulates financial assets of all co-owners and accrues income for the placement of funds. You can earn by helping others to become co-owners of this bank by providing an opportunity to connect to the bank. You can always get your asset back at any time by returning its guarantees (smart contract tokens) to the bank. The peculiarity of bank guarantees is that they cannot be depreciated under any circumstances. The smart contract program provides for an increase in the value of tokens depending on the amount (authorized capital) of the bank's deposit. The higher the deposit, the higher the cost of the token. http://prosh.ru/smartcontract.htmlThis is entirely unworkable as a bank. A bank with no central management will fail. Banks make money by lending depositor assets and collecting more money when the loans are paid back. This necessitates a central administration to vet investment plans by people seeking loans and assessing the viability of those plans so the borrower has the ability to pay back the loan. What is described above, where people just invest money and magically make more money because “smart contracts” is not a bank, it’s a Ponzi scheme. If you want to be a part owner of a bank, join a credit union. They’re owned by the members and they actually function as a bank WITH a central administration, which again is necessary. |
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Something interesting is happening. The IMF called on Friday for a "new Bretton Woods" agreement. This could show that they are concerned about Bitcoin. I've always said that Bitcoin will become the global reserve currency. For my thoughts check out my video here : https://youtu.be/d-lWxWDoPgwI cover in the video the history of Bretton Woods , Nixon taking the dollar off the gold standard , and my thoughts on Bitcoins role. They did not call for a new Bretton Woods agreement, they said that the pandemic has created a new Bretton Woods moment. https://www.imf.org/en/News/Articles/2020/10/15/sp101520-a-new-bretton-woods-moment Bitcoin is not mentioned, nor would it be because OP has misinterpreted what was said and then in typical bitcoin fashion, has extrapolated it to an unreasonable conclusion. This community needs to cool it with the Kool Aid drinking and stop trying to force every world event into this means bitcoin is going to the moon hyperbole. |
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Plus having dollars is some sort of threat over USA, when China has trillions of dollars worth of bonds, treasury, stocks, cash, debt and other stuff basically all around own a big portion of USA's deficit, that just means China could suddenly sell them all to some other country for pennies on the dollar and crash American economy.
They couldn't do this without inflicting as much or more damage on their own economy, and more importantly, their political structure. Remember, the communist party has to fuel rapid growth to maintain power. As long as the economy is rapidly growing and the people believe it's because of the government, they have domestic stability. The greatest threat to the political class in China is economic growth stalling out. They have no political rivals because of the economic prosperity the party has ushered in. Things get messy real fast when that stops, so the Chinese government needs a stable USD as much as we need them to buy our debt. |
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If I had a choice to invest in bitcoins or real estate, then most likely I would choose real estate. It is much more stable than Bitcoin or any other cryptocurrency. Real estate retains its value for many years, unlike cryptocurrency, which can change its course several times per hour. Yes, real estate is not as easy to sell as bitcoin, but if you have nowhere to rush, then this is an ideal investment option.
For long term ye it's real state that will surely grant you a high value in returned but in terms of opportunities both short and long term bitcoin can deliver if you knows how to work with it, the demands is already rising and with more people to recognize this system you'll never know what would be the value after another 10 years. Real Estate is definitely a great pool to invest in. If you don't have hundred thousands, if not millions of dollars however, you'd not find much success in this venture as it requires the investor to pool in a lot of money to buy off properties and have them either be sold at a bigger price, or be rented. Bitcoin however, is much more budget-friendly but is not that reliable in terms of profitability because of bitcoin's high volatility rate. This is where REITs come in. You can get exposure to real estate by investing in publicly-traded REITs. With many brokerages doing away with account minimums and commissions, you can buy a few shares at a time. Real estate doesn't have to require many thousands of dollars in order to buy exposure to this investment class. |
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The USA dollar need good backer.
The Bitcoin is perfect to backing Up USA dollar.
That Can Work like real fractional reserve.
I think 2021 year the dollar Will be backed by BTC
This isn't even technically possible since the government doesn't control bitcoin or have a stock of bitcoin which would enable it to peg the US dollar to it. The whole point of an asset-backed currency is that the currency is exchangeable on demand for the equivalent of the asset. When you're on the gold standard, you could only have as many dollars as you had gold to back it up because people could demand gold for the dollars and the government would have to deliver. That would never work with bitcoin because the government could never have enough to make this possible. |
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so it look like the stock and btc go both separete ways. as btc vs stox Correlation Decoupling what it could mean?  Since when? If you make a claim like this you need to provide a data point to back it up or some evidence so people are on the same page as you. Every chart I've seen shows btc correlated with stocks generally. And if people are treating btc as an investment class, you would expect to see that. There is no decoupling. |
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can someone explain the meaning of the video? I only see four legged robots just walking around? what does it mean to say that people's jobs will be replaced. I think it will take a while to complete, or maybe not Op thinks that these robots will be able to do basic jobs like waitressing or bellhopping just because it's able to walk somewhat decently. I don't buy the utility of these particular robots for those applications. These robots might have utility in a war zone more than anything where they can carry supplies over rough terrain. I don't seem much commercial utility for them in this form. |
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Square is becoming one of the biggest and easiest place to buy bitcoin and I feel like paypal will get there very soon as well. By the fourth quarter ends (with new year starting) we are going to see both square keep breaking their records but on top of that we are going to see some huge numbers from paypal as well.
I am not going to lie I have always found buying bitcoin as something very simple, I just send deposit from my bank account to my exchange and buy bitcoins with it, quite simple method that I never really found hard, however from the looks of square and paypal and how awesome they are doing and how much they changed our world, I could say that buying bitcoin wasn't something this simple for millions of people out there and these companies adding bitcoin purchase option opened bitcoin up to a lot more new people.
With PayPal, you're not able to transfer btc off the platform or use it to pay for anything. Is the Square app similar like that or are you able to transfer what you buy on the app to outside wallets? Buying without being able to actually use or transfer doesn't seem very useful. |
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I'll try it out myself. Honestly the NO Transaction Fee feature of Paypal kinda got me hooked in it. I don't really mind me sharing a bit of my identity as it also helps when hacking happens which if it happened to other digital trading platforms, would have me assumed that I already lost the money for good. So the trade-off is there.
There is a catch. Obviously there is no transaction fee when you purchase the coins. But they haven't enabled withdrawals or payments yet. In case you want to purchase Bitcoins for investment, then it is OK. But when they enable the withdrawals, the fee will be in line with the market rates and I don't expect any discount. On top of that, there may be additional restrictions and KYC requirements. This is a crucial detail, as the ability to buy and hold doesn't bring any utility to bitcoin. There are plenty of places you can already do that, it wasn't a large obstacle. The real benefit of tying Bitcoin functionality into PayPal is getting access to the commerce side of it; being able to buy bitcoin and then spend it at any merchant that accepts PayPal. That would be a big deal. This, not so much. |
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This is funny to say the least. You are like creating a problem tree here. Your root cause is pharmaceuticals failing to come up with a COVID-19 vaccine. And the overall effect is that a global nuclear war would ensue. There seems to be a lot of of disconnect in the middle.
Well, printing money, tax increase, companies filing for bankruptcy, inflation, harassment and bullying of other countries, and so on and so forth are happening all the time with or without a pandemic.
The hilarious thing here is it all leads to a nuclear war. This is what happens when you do not fact-check what you read and you always love fear mongering. OP's post is the proof that tabloid article should not be taken seriously even slightly. Can you provide proof for each of this problem that could support your theory. Op doesn't even provide a story line that links all of these events together or a thread of causality about why the virus or a vaccine would lead to any of these, let alone all of them. Maybe it's a choose-your-own adventure thing where it just lists a bunch of unrelated events and it's up to you to tie them all together somehow.  |
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Few people here may like this opinion - but I believe that this is the right step.
You don't try to pay with A Snickers wrapper at the grocery store because you think it's money, do you? It's the same here - for your token to be considered a legitimate means of payment, it must meet certain requirements (including KYC). This will really help clean the market of garbage and make it
a) more transparent
b) more reliable
If I know for sure that a particular coin meets the established standards, then I am much more comfortable to use it rather than some dark token that doesn't even have a team on the site.
Again , this is another step towards a long and mutually beneficial coexistence and cooperation between the state and cryptocurrencies.
I share this sentiment about regulation of exchanges being necessary for confidence in the system, and a necessary part of that is KYC. I think it's because of the nature of how bitcoin started that so many people are opposed to it, but it's necessary to reach mass adoption. Regulation gives it legitimacy and gives people confidence there will be consequences and recourse for bad actors. |
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No, with strict controls over the economy and the fact that the Yuan is not allowed to price naturally against other currencies, the western world is not going to take it seriously. Nothing is less trustworthy than the Chinese government, and that will hold the currency back no matter what format it comes in. |
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I understand the claim that USDT is a leading indicator for bitcoin price, but I'm having trouble understanding why this is supposed to be. Without a rationale explanation for this, it's just a correlation like all the other correlations that are just a coincidence. Can anyone explain it like I'm 5 why USDT is supposed to foretell btc price movements?
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As of late, crypto has become extremely popular due to the negative effects of COVID-19 in the mainstream economy. People are starting to consider crypto to be a safe-haven against the traditional monetary system empowered by banks worldwide. Yet, the vast majority still relies on Fiat for day-to-day transactions because of its price stability and widespread acceptance in the mainstream world.
The number of people actually considering bitcoin to be a safe haven is so small it's a rounding error. It would round to zero on a global scale. Covid hasn't really done anything to push adoption. It would be one thing to try to argue it's beneficial because it's digital and cash is physical and could spread the virus, but almost no one uses crypto for commerce, so that's not really a viable argument. The only thing I agree with is that the vast majority use fiat over crypto and the reason is simple- utility. Fiat is still the king for commerce. Bitcoin isn't changing that any time in near future. |
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Well, I think it would be best to balance the -- enthusiasm and optimism with some realistic approach. But before that, I'd like to share my previous experience with bitcoin. During the year 2016, I was one of the people who are question bitcoin. One of my friends was very optimistic about it. And I was convinced to join the community. It was too small back then. A year went by, bitcoin increased. We were so happy and you will feel that champion feeling and attitude. But then, people dumped, bitcoin dropped. Only left is a lesson and that is reality, it's not always like that.
Yeah, all the people doing flips in the street about the price hitting $15k apparently don't remember the last time it was here or how fast it fell shortly after. I mean, it hit $15k and $20k in short order and then just got crushed and never recovered. It's taken years to get back to this point and everyone is acting like this is the new normal and there's no chance it goes back down. It's just crazy. |
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Quantum computers that could crack the cipher is a distant risk, as is a sun flare that would knock out the internet. They exist, but aren't likely at all. What's far more a threat is price volatility and the low utility of the coin. It's just not useful as a currency. The other side of this is that it is now reaching more of a consensus about being a store of value (despite the volatility). The biggest threat is that people just stop believing it will hold value in the future, which is the only reason it has value now. |
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After elections end this year for all countries we are all screwed
Reason : They don't need no more votes .
Prepare for tax increase,price increase,lockdowns,police brutality and anti democratic measures .
2021 going to be a crazy year for the world .
They always need more votes, that's the beauty of democracy. Also, they always need votes, which is also the dark side of democracy. That's why they pander. That's why they kick the can down the road. Every bitches about taxes going up, but in the US, we cut taxes for the wealthy when we were running trillion dollar deficits. It was the stupidest and most irresponsible thing you could have done. If you think you will have a stable society if the dollar loses all its value because the US defaults on the debt, you're wrong. Taxes have to go up because our fiscal situation already wasn't sustainable and this past administration has amped that up to 11. |
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What will happen if they don't find a vaccine and countries start running out of financial resources ? --------------------------------------------------------------- How i view it : Step 1 print money Step 2 increase taxes on biz Step 3 companies go bankrupt Step 4 increase individual taxes and print more money Step 5 Hyperinflation Step 6 Big countries will start attacking small countries for resources ,probably via protection tax or by tariffs Step 7 Big countries will start occupying small countries, USA + China + Russia will form an alliance Step 8 Venezuela,Iraq,Kuwait will be the first targets Step 9 Attack on Saudi Arabia and African countries ,recolonization process Step 10 Resources finished Step 11 Big countries will start attacking each other Step 12 Global Nuclear War https://www.youtube.com/watch?v=38CkKrak5o8None of these things have any connection to the virus or a vaccine. It's just a list of events that aren't even connected to each other and nothing is even presented as a possible reason any of these would happen. Are conspiracy theorists lazy and stupid now? |
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