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1  Economy / Economics / Re: Blockchain and AI will improve the world economy on: August 12, 2018, 06:57:39 PM
With Blockchain and AI, new services will be developed, which is good for the economy.

Cryptocurrencies will enable communication between networks of AI, secured by blockchain.
2  Economy / Economics / Re: Banking is Dead… Long live Blockchain Banking! on: August 12, 2018, 06:43:05 PM
I don't think banking is dead.

Most people, if not everyone, needs a bank for ordinary financial transactions and loans.

Cryptocurrencies are a small niche, and not everyone has the abilities to manage crypto assets.
3  Economy / Economics / Re: Blockchain will help Economy. on: August 12, 2018, 06:24:20 PM
Blockchain is very good to restore trust, since it's not possible to alter the information, if the ledger is distributed with a blockchain implementation.

Since the economy is lacking trust, blockchain will help the economy.
4  Economy / Economics / Re: Bitcoin can be useful for a troubled economy on: August 12, 2018, 05:32:15 PM
Bitcoin can be very useful for a troubled economy, because it helps people to protect their savings.

People convert fiat currency into bitcoin, and they are protected against inflation and money printing.
5  Economy / Economics / Re: Bitcoin and Globalization on: August 12, 2018, 05:21:37 PM
Internet and the computer technology are global.

Bitcoin is the currency of the internet, so it's a part of globalization.
6  Economy / Economics / Re: The dollar affects Bitcoin? on: August 12, 2018, 04:58:24 PM
The dollar is very strong at the moment, despite a trillion dollar budget deficit.

This is not sustainable.

Within a few months, quantitative easing will be necessary, and the dollar will be weaker.

This may be bullish for bitcoin.
7  Economy / Economics / Re: Global financial crisis on: August 12, 2018, 04:44:40 PM
Today bubbles are everywhere.

It leads to inflation, which will be out of control with natural resources becoming more rare, and the world population still growing fast.

When the inflation becomes out of control, then the real crisis will come, within a few years in my opinion.
8  Economy / Economics / Re: The Reason For Creating a New Cryptocurrency? on: August 12, 2018, 04:23:17 PM
People create a new cryptocurrency when they have a new concept, or a new solution to an existing problem.
9  Economy / Economics / Re: bitcoin in developing countries on: August 12, 2018, 03:55:25 PM
In developing countries, and soon in every country, bitcoin helps to convert fiat savings into cryptocurrencies.

It's a way to protect savings against inflation and fiat money printing.
10  Economy / Economics / Re: Is Bitcoin Worth To Be Currency? on: August 12, 2018, 03:44:44 PM
It is already a store of value.

Although it may go up and down, the volatility has decreased since last year.

On the long term, the major cryptocurrencies gain value.
11  Economy / Economics / Re: Is NOW the best time to buy or enter in bitcoin? on: August 12, 2018, 03:30:42 PM
It may be a good moment if you're patient, because it may go up and down.

It's a good 5 -10 years investment in my opinion, because inflation and fiat money printing will devalue fiat currencies over bitcoin.
12  Economy / Economics / Re: How Long Crypto market will take to recover? on: August 12, 2018, 03:17:26 PM
Currently the dollar is very strong, and emerging markets are suffering, out of liquidity.

Cryptocurrencies can also be considered as an emerging market.

Once the interest rates go lower, perhaps after midterm elections, there will be more liquidity available, and the crypto market will probably go higher.

13  Economy / Economics / Re: When will people feel comfortable using BTC ? on: August 08, 2018, 08:01:30 PM
It will never happen.

People never feel comfortable when they use gold. 

It is the same with bitcoin.
14  Economy / Economics / Re: Will the bitcoin be outdated by another currency? on: August 08, 2018, 07:47:54 PM
This is very difficult to say.

The big advantage of Bitcoin is that it is popular all over the world, and this is the only cryptocurrency with such notoriety.
15  Economy / Economics / Re: BITCOIN IS NOT BUBBLE!! on: August 08, 2018, 07:25:58 PM
You're right, it's not a bubble.

But it will take many years until it is recognized as a legitimate investment, because so many interests are at stake.
16  Economy / Economics / Re: Why the price of bitcoin rapidly going down on: August 08, 2018, 07:18:42 PM
The price is going down because the big money hasn't entered so far.

More financial product would help, enabling funds to invest in Bitcoin.
17  Economy / Economics / Re: WSJ: US Faces $5 Trillion Pension Hole, Same Size as Japan's Economy on: August 08, 2018, 07:09:19 PM
Unfortunately a massive money printing will be necessary to pay pensions, resulting in more and more inflation.

Bitcoin is a valuable asset in this context.
18  Economy / Economics / Re: Bitcoin as a Retirement Account on: August 08, 2018, 07:00:05 PM
I think it's a very wise option, because fiat accounts will be plummeted by inflation.

And the more inflation, the higher Bitcoin's value is.
19  Economy / Economics / Re: Why spend time in bitcoins? on: August 08, 2018, 06:48:55 PM
Spending time is an investment.

When the inflation rises, you will be very happy to have spent time educating yourself about bitcoins.
20  Economy / Economics / Re: When will smartphones used for bitcoin mining? on: August 08, 2018, 06:38:17 PM
Smartphone are not powerful enough to mine efficiently.

It would just be a waste a resource since a mining smartphone won't last long.
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