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1  Bitcoin / Press / Re: [2018-03-23] Warning: Blockchain Could Rot Your Brain on: March 23, 2018, 01:54:35 PM
This would probably be just a side effect, based on the example given with Excel, it would still depend on how a business establishment handles new innovations. Whether their workers are receiving sufficient training for new technology to be used in their day-to-day transactions.
2  Economy / Economics / Re: why do people agree to pay taxes? on: March 12, 2018, 01:39:48 PM
Although I'm not really a full fledged law-abiding and patriotic flag holder of my country, paying taxes is part of living in a country governed by a system (which is basically all countries regardless of form of government) that's how society works. An authoritarian entity is in charge of regulating laws and governing a nation and in exchange we pay taxes which would be used to maintain and/or improve the country we live in. Some may even say that paying taxes is a service for your country.

What you're talking about (refusing to follow regulations and taking up arms against the government) is anarchy which would just lead to more disorder. Without any form of a ruling body maintaining order and overseeing, people would just be running around and doing anything and everything they want.

A ruling body governing over a large group of people is not necessarily fascist in nature and the absence of a government or authority does not necessarily mean peace and freedom.
3  Economy / Economics / Re: Invest in BTC vs Invest in Real Estate? on: March 12, 2018, 01:31:57 PM
Go for it! Also try to spread out your money a little more, read up on stocks. Having your investments spread out would maximize potential gain and minimize the risk of any losses.
4  Economy / Economics / Re: Why do people buy high and sell low on: March 12, 2018, 01:24:59 PM
Usually people do this when rates are continually going down and they panic. I follow a key principle taught to us by a professor of mine, its that even if the market drops you technically haven't lost anything until you sell. This principle may not always be applicable (ie. if a person or a corporation has a shit load invested in a stock that's obviously gonna crash they have to sell in the hopes of not losing all of their investment)
5  Economy / Economics / Re: Bitcoin can not replace fiat on: March 12, 2018, 01:20:37 PM
However if one already owns bitcoins, this problem that you have becomes non-existent.

You missed OP's point though, he/she was talking about bitcoin being part of everyday transactions (ie. buying a cup of coffee). Although we probably won't see bitcoin be adopted as a mainstream currency (used by almost everyone) in the near future I think it is possible with all the progress and development going on with cryptocurrencies. Just don't expect to see it anytime soon.
6  Economy / Economics / Re: Best tip on saving money on: March 12, 2018, 01:04:29 PM
I once read that listing all your expenses is a good start to saving money since it would allow you to analyze everything and prioritize what is a need and what is a want.
7  Economy / Economics / Re: Bitcoin as your main income? on: March 12, 2018, 01:00:25 PM
A lot of people view investment in btc as a get-rich-quick scheme but it's not. Personally, I see bitcoin investment as an additional source of profit but never a sole source of income. I am just using bitcoin as a starting point to gain funds for additional future investments since I believe in the principle of not putting all your eggs in one basket.  
8  Bitcoin / Press / Re: [2018-03-11] Tim Draper: Only Crypto Will Be Used For Payments in 5 Years on: March 12, 2018, 06:59:28 AM
I just hate how +90% our financial transactions and wealth is being processed and maintained by corporations, where for every action permission is required from a central party. Why does anyone need to ask for permission to move value from one place to another? It's mind boggling how the majority of the people still don't acknowledge how much of a problem this is. I care so little about fiat, that I haven't even cashed out one single Satoshi in the last 2 years, and will definitely not do so in the forthcoming years. I think I'm almost confident enough to say that I will probably never sell my coins for actual fiat. Seriously, why should anyone sell the future (Bitcoin) for something (fiat) that goes back in time, and only loses value? Makes zero sense. Just wait till the time is there, and you can spend your coins on actual goods in each and every store. Makes more sense.
I like your spirit! But please explain how do you pay for rent, food, hairdresser and so on. I doubt that they all accept bitcoins

Agreed, its a naive way to look at how the world works. Majority of people do not acknowledge it since they know that governments and big corporations are part of the society we’re living in now. Although I also believe Satoshi’s purpose in creating BTC was to “stick it to the man” it is naive to completely disregard fiat in this way.
9  Bitcoin / Press / Re: [2018-03-09] Russia is Considering Relaxed Rules for Cryptocurrency Adopters on: March 12, 2018, 06:48:45 AM


Russia is representing a big potential country for cryptocurrency and I am really expecting Russia to be opening itself for this new innovation within this year...we just have to wait as the officials are still in processing the final law that can provide the framework for this new industry. Russians are very much involved with cryptocurrency and not recognizing it can be an injustice to what it has already contributed to the country.
Are you kidding me? What potential does Russia have for the bitcoin community? It is a poor country. The only advantage of this country is cheap electricity. But I welcome every person who becomes part of the community regardless of the country of residence. People should put pressure on governments that try to ban bitcoin. We must fight for our rights.

A poor country based on what statistics? As for potential, other governments are more likely to follow suit when they see other countries such as Russia being open to the use of bitcoin.
10  Bitcoin / Press / Re: [2018-03-09] Bitcoin Briefly Drops to $9,000: Factors Behind the Decline on: March 11, 2018, 04:50:57 PM
This just goes to show how only a couple of major events and factors can be impactful on rates. Most of you say that this probably won't have any long term effects on btc but what if multiple events/factors like this occur again but at a greater degree in a short span of time.
11  Bitcoin / Press / Re: [2018-03-09] bitcoin.com Online Searches for “Bitcoin” Drop 80% on: March 11, 2018, 04:33:24 PM
Pokemon GO all over again!  Grin The hype from the 2017 price jump just died down that's why. Most people who heard about the fad are just not interested anymore because the price isn't what it once was and they're probably thinking that it's too late to invest time and money. 
12  Bitcoin / Press / Re: [2018-03-10] 75% of $20M Bitcoin Auction from Drug Busts on: March 11, 2018, 03:57:58 PM
That's a lot of moola. Although I wonder how much of that will actually be turned over by the bureau and how much will be pocketed here and there.  Roll Eyes
13  Bitcoin / Press / Re: [2018-03-10] Hackers Target 400,000 Computers with Mining Malware on: March 11, 2018, 03:47:25 PM
Thank God for Windows Defender.  Grin This just goes to show how important it is to have anti-malware on your machine and to keep it up to date. Having an anti-virus on your system is sometimes not enough, updates would help the software to identify new forms of threats and intrusions.

Browser hijacking via Javascript miners is probably the biggest threat amongst all mining malware right now, and antiviruses are not that great at preventing them. People usually recommend to use adblockers and noscript extensions, and while it does work, it also makes a lot of sites unusable, because Javascript provides interactivity and better user experience and is just required to even visit so many sites. So users have to be always cautious and monitor their resource activity while they browse to spot any suspicious behavior.


Oh I was thinking about a scenario wherein the malware is already on the machine but okay you obviously know a lot more in information security than me haha.  Grin This just goes to show that there is no full proof protection from hackers with malicious intent.
14  Economy / Economics / Re: So, you want to be rich? All of you ? on: March 11, 2018, 03:07:31 PM
Rich is defined as "having a great deal of money or assets" but abundance is subjective. It is measured by comparing it to other quantities. Therefore if everyone is rich then no one really is since everyone would have approximately the same amount of money (assuming that's what you meant in your post) and prices of all products will obviously also increase.

Most people will also not settle with having the same amount of money with everyone else so they would probably try to find an additional source of income or a job. Thus bringing everything full circle. People are back to working since they would need to earn more due to prices of goods also increasing. Additionally, people are envious by nature so even though there would be no reason to steal from each other the people will still find a reason and a way to do so.
15  Bitcoin / Press / Re: [2018-03-09] South African Student Leverages Blockchain to Curb Charity Fraud on: March 10, 2018, 04:54:06 PM
This was the result of the "Unlock the Block" hackathon which was an event that was held in Africa. The event was centered on exploring blockchain solutions that would be beneficial for Africans. (Mbogo, 2018) 

It feels good to read stuff like this. The purpose of cryptocurrencies was to provide peer-to-peer transactions without any middlemen charging any transaction fees through blockchains but now it is showing potential of providing more than that. The hackathon was a great way to push an innovation into further development.
16  Bitcoin / Press / Re: [2018-03-10] Fake 'Telegram ICO' Websites Just Won't Go Away on: March 10, 2018, 04:32:35 PM
Telegram should probably post notices or warnings on how to identify these fake sites if they haven't already, first as a moral obligation and whatnot and second because it could scare away potential investors.
17  Bitcoin / Press / Re: [2018-03-10] Hackers Target 400,000 Computers with Mining Malware on: March 10, 2018, 04:17:06 PM
Thank God for Windows Defender.  Grin This just goes to show how important it is to have anti-malware on your machine and to keep it up to date. Having an anti-virus on your system is sometimes not enough, updates would help the software to identify new forms of threats and intrusions.
18  Bitcoin / Press / Re: [2018-03-09] Russians Think Bitcoin Makes a Great Present on: March 10, 2018, 04:12:47 PM
Good for them! Although a better gift would be bitcoins + a bouquet simply for the sentiments.  Grin I mean just imagine telling your girl "I got you bitcoins" no problem if your girl doesn't mind but where's the romance in that, it would be smoother to give them the usual flowers/chocolate and then just mention that you also gave them a couple of bitcoins.

I just wish it was the same where I'm from though, based on the data a lot of Russians are already open to the concept of cryptocurrencies.
19  Economy / Economics / Re: Being a Smart Person or Strategic on: March 08, 2018, 04:49:26 AM
Depending on your definition of "smart", I think being smart comes hand in hand with being strategic. Although sometimes knowledge is not enough to get through in life, one also has to have the mental capability to apply the things that they know in a way that would be beneficial for them.
20  Economy / Economics / Re: Can Bitcoin also lead to corruption ? on: March 08, 2018, 04:41:01 AM
Greed or the desire for more is part of being human regardless of currency or goods so bitcoin can't really be blamed directly. Greedy people are greedy regardless of form of currency. Although the decentralized nature of bitcoins does make it easier for greedy people to commit illegal transactions such as money laundering.
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