Both news are good for banking advances and the pioneers appear to be China with China Construction Bank (CCB). The Coindesk source mentions the announcement of implementing blockchain in CCB and its advantages such as reducing costs by minimizing intermediaries. While the Cryptoslate article talks about the issuance of digital bonds accessible to investors from $ 100 that they can buy with Bitcoin. The transformations in the institutions make Bitcoin preferred.
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I do not believe that Covid19 is an excuse for governments to print money. The pandemic caught them off guard. The global health system needs more work and innovation. I think the responsible entities are outdated. If we already know that global banking shows disadvantages before the advancement of cryptography. In terms of health, I have not heard any progress before the Covid19 appeared. So I think the virus is not an excuse. Guys, virus outbreaks are worrisome. Keep safe.
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Brother, I love the actions you do when feeding your parents. I do that too. I really am the provider of my family. Although two members of the family live at home who can contribute with the daily expenses, they do not. I have worthily assumed all the household expenses together with my mother because she also contributes with the money she receives from her pension. Sometimes we feel that what we do makes us uncomfortable when we help our parents or another member of our family financially. But we should not worry because God returns us what we give with our good actions and when God gives you. It is greatly blessed.
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It is a very sad situation when the times of hurricanes and typhoons are approaching, especially in this time of pandemic. The population needs to be prepared and for government institutions to provide support to the people. I have seen the news about the effects of typhoon Ulysses. Let us pray to God that help will reach the affected people soon. I am concerned about your situation because, like you, it is also my Modus operandi in Bitcoin and crypto. Receive my solidarity.
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We are all hopeful for a cure for Covid19. A vaccine or a treatment that reduces their mortality is what we want as citizens of the world. The economy is in decline, we advance little by little every day. The fact of having fewer economic activities makes us vulnerable. Virus outbreaks is a big concern because there will be fewer jobs.
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This analysis reminds me that Bitcoin is the father who is skilled in business and altcoins are his children. There are some children who are rebellious, others are extroverted and introverted. This is how the market is composed of cryptocurrencies of various nuances. But Bitcoin with its track record has proven that it is a reliable asset in the crypto space. Another thing that occurs to me to think that the crypto market is very speculative and manipulative.
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Now that Bitcoin will be visible to more people around the world, it would be convenient for developers to build user-friendly applications. Because Bitcoin can reach mass adoption if dapps are created in a low latency, fast and efficient network. In my opinion, Bitcoin can reach any public with the main objective of transferring money and contributing to the global economy.
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I have not had that privilege, my family and friends circle still do not know Bitcoin. But I have in mind to teach my sister about Bitcoin so that she can take advantage and freedom to manage her finances. Now that her economic situation is not the best. This year has been hard for everyone but thank God it has also allowed us to find opportunities. We are fortunate to know the technology of Bitcoin and Crypto and participate in the market because the digital world is booming.
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I think it would be a good outlook for Bitcoin and cryptocurrencies. It only takes the digital currencies of the countries to change the paradigm and that will be very soon. As we know, China has taken a step forward and is doing its tests to launch the digital Yuan. It was to be expected because Bitcoin has evolved the way we handle money. The current situation has allowed it now that the economy has become more digital.
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So far what I have seen is the double check that most applications offer such as exchange platforms and some Bitcoin and crypto wallets. I have worked with accounting and that job forces you to minimize errors. I think that bitcoin has taught us to be more careful every time we want to make a transaction.
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OP's thinking is given as to insure the assets that we know. The idea is not so far fetched. It may be the case that a business has the mission of creating insurance policies to insure Bitcoin as an asset. For example, if a Bitcoin owner wishes to leave it as an inheritance, he can sign a contract for his heir to claim it.
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Paying with bitcoin for passport is a good step forward. Bitcoin as a payment for name change, renewal and few other services might get followed by more other countries. Now these service providers will accept bitcoin through a third party and then pay the government in terms of fiat. Somehow this is good for bitcoin spreading.
This is definitely a good step for Bitcoin adoption. I remember that in 2018 I met all sorts of announcements of the purchase of citizenship of various banana republics, which are difficult to find on the map, and now 2 years have passed and now a US passport can be bought for bitcoins. PayPal, US passport, who's next? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) So is. I am thinking beyond that and it occurs to me that the adoption of Bitcoin will come from the USA. We are observing several companies joining Bitcoin, which means that businesses and institutions want to evolve to digital technology. We will probably see the best products competing in the market.
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So is. We need more women who invest in Bitcoin or who are related to industry and technology. This article shows an idea of how women participate in the industry. Although women in the crypto space represent a minority I think that this moment is the awakening and that these numbers will increase in the future. https://news.bitcoin.com/working-in-the-cryptocurrency-industry-as-a-woman/
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I have regretted having sold Bitcoin after seeing how it has behaved this year. Also after seeing how large companies like MicroStrategy bought 38,250 Bitcoin. I told myself that something big is coming for Bitcoin because more companies are buying Bitcoin with their Treasury Reserves. But my sale was necessary, my family is first and Bitcoin was there for me to sort things out. On whether it is too late to earn with Bitcoin the answer is no, according to this tweet by Michael Saylor.
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Let's take an example of a small business that wants to sell smartphones and needs capital. The company would have to go to the banks to apply for a loan. The owner of the company gets the loan but it is not enough to start his business for which he decides to buy Bitcoin with that money. When the company saves enough to buy its merchandise, it puts its smartphones up for sale and asks to be paid for with Bitcoin and crypto. This entrepreneur does well in his business so he can hire more people and expand his business in several cities of the country. The paradigm is in the good work of people in adopting Bitcoin and making their projects and the opportunities they have come true.
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I live without Fiat currency because the currency of my country is devalued. All my income that I have earned is based on Bitcoin and crypto so I made the decision to only spend what I need each month and I have divided it by each week to convert it into Fiat. With the aim of spending only what is necessary and saving the rest to buy whatever my family and I need. I think that Fiat will always be with us and cryptocurrencies will gain ground because they are doing the work that governments and the banking system have ignored.
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I have used Bitcoin to get Fiat but I have also hold it to save money. I live in a country with high inflation where I must check out the price of the dollar every day in the hope that the merchant does not increase food prices too much. I agree with what Michael Saylor CEO of MicroStrategy says:
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The truth is that it also surprises me that the price of Bitcoin has fallen a bit after seeing that it was on the rise. But we should not worry as a Bitcoiner we are going to follow Biden's motto "Keep the faith". I have the feeling that the behavior of the market and the price of Bitcoin will be very different from what we have been used to. We are pinning all our hopes that Bitcoin will make big changes in finance for years to come.
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