 Show Posts
|
|
Pages: [1]
|
But many parts of the world can't handle a democracy model like theirs, and never needed it in the first place.
For example, before Christianization around 1030 years ago Russia had it's own form of socialism and democracy. Then it was subverted and invaded. Marxists-leninists (so called) of course didn't enjoy the fact of Socialism existing before feudalism - which didn't fit into theory. Now there's a myth "they were savages, half-beasts before Cyrill and Methodius, couldn't write". While in fact Novgorod had letters exchanged between lowest ranks of society. But the myth is profitable to both marxists and "traditionalists". History is written by invaders. Oh yes, certainly. They only need to make the stories work for themselves in order to present a certain viewpoint to further their agendas. Perception management. This happens a lot during wars because they want to lay the blame on the other side. Also in terms of casualty numbers in order to make it seem worse than it really was. Most people of Turkey believe right now that the USA is directly responsible for their currency crisis when in fact it was them who instigated it. But they have the support of most of their population, so it's all that matters. |
|
|
|
These links are old. Quite a number of cards from those lists don't work anymore. For example CryptoPay will start working in Russia. Europe, then the rest will be later steps.Background: in January 2018 VISA (and later MasterCard too) told WaveCrest corporation to shut down their cards (the reasons are not important). Most of the "Bitcoin debit card" services were relying on cards issued by WaveCrest and they've got a hard blow. Most of them are still not back on business. Most of the cards still in business after this happened usually have unreasonably high fees or they're mostly for US. A notable comeback is Wirex, they are back after WaveCrest episode, they do have even Virtual Cards too, but I think that they work now only in Europe. Some do have complains against them, but overall they are not so bad, I am using their card, but some precautions would not hurt. These virtual cards are not very reliable and are not to be trusted unless issued by a bank, somewhat ironically. They can only work in certain regions for a limited time and are not always accepted by all vendors. Some exchanges are offering cards of their own (I think Bitstamp has this service) or withdrawals to cards. However, if being identified is a concern, this won't work for you. The best thing you could do is get a localbitcoins cash transaction, buy a prepaid card, and load it up with that cash. Otherwise, you don't have many options. |
|
|
|
JUST IN: Turkey's finance minister says the US dollar has 'lost its credibility'
Source: CNN
So what? Are they gonna go to war with the US? I just read an article about Russia saying the similar thing. The funny thing was though that they had quotes from Russia saying the same thing earlier this year and every year for the past 5 years or so. I don't think this quote from one minister is actually going to mean anything. What are they doing to do about it? Yeah but the difference here is that Russia is the second largest military power in the world, manufactures nuclear weapons, and can support its economy by exporting petrol. Turkey has textiles and vegetables to keep its economy afloat. There's a lot of senseless aggression going on right now between many powers. It seems like someone wanted to stir up the markets a bit and cause some chaos in emerging markets. Turkey doesn't seem the least bit concerned by the fact that they are teetering on the verge of an economic crisis, almost as if they are enjoying the ride. What could be their motive? Russia is the second power by the number of nuclear warheads. But all of them are in such condition that a large part of them do not fly. Lol! Russia is a collapsed Empire that can not accept this. Erdogan wants to do the same with Turkey. I find it funny when rogue States oppose themselves to country number one. Country number one? Rouge states? Well, looks like some more American Exceptionalism at its best. Finest exporters of democracy in the 21st century. Too bad those receiving states of democracy all turn into smouldering messes afterwards because their citizens somehow don't think in the same way as Westerners do. What a surprise. The USA is just as bad as anyone else, but they are the best at lying about it to cover it up. They have the sharpest tools of perception management (which other states are starting to pick up on as well now) to make sure that every move they make is only for the greater good of the world. But many parts of the world can't handle a democracy model like theirs, and never needed it in the first place. |
|
|
|
JUST IN: Turkey's finance minister says the US dollar has 'lost its credibility'
Source: CNN
So what? Are they gonna go to war with the US? I just read an article about Russia saying the similar thing. The funny thing was though that they had quotes from Russia saying the same thing earlier this year and every year for the past 5 years or so. I don't think this quote from one minister is actually going to mean anything. What are they doing to do about it? Yeah but the difference here is that Russia is the second largest military power in the world, manufactures nuclear weapons, and can support its economy by exporting petrol. Turkey has textiles and vegetables to keep its economy afloat. There's a lot of senseless aggression going on right now between many powers. It seems like someone wanted to stir up the markets a bit and cause some chaos in emerging markets. Turkey doesn't seem the least bit concerned by the fact that they are teetering on the verge of an economic crisis, almost as if they are enjoying the ride. What could be their motive? |
|
|
|
https://motherboard.vice.com/en_us/article/7xmvbq/bitcoin-energy-science-world-electricity-demandNow Motherboard is not the best source for news, but let's consider the implications of this... Consuming immense amounts of energy is actually somewhat counterproductive if we consider the vision of Bitcoin giving us tools for independence. And it's somewhat unethical because we should not be using more than we need on this earth. However, we don't really know how much energy it is consuming at this stage, so this could just be another reporter trying to find a story.
|
|
|
|
Whitepapers are to lure investors. Don't get me wrong, but many whitepapers are just full of bullshit and have very little value/ juice = technical descriptions, detailed info on devs plans.
This trend started few years ago, when people started saying that no whitepaper = scam.
Today I would say it may be exactly opposite.
Recently I was looking on Steem (Steemit.com) history and they started with no wallpaper of all, hell, they haven't even post description of their project.
It's just another trick for a lot of these scammers. Some ICO's take them very seriously and put a lot of time and effort into them, don't get me wrong. But those that just make things up to give it a nice shiny look are usually just looking for a pump and dump, if even that much. Anyone can draw up a nice looking forecast and roadmap using some numbers and concepts that they like. The real question is if they can abide by that schedule and follow those promises. Because in the end, a white paper is nothing more than a piece of paper, if that. |
|
|
|
Saving money in a savings account is like putting money in a pocket with holes. Banks only give you interests that are lower than the inflation rate. It‘s how they make money. You are better off investing in ventures (Crypto currency) that give a return higher than the inflation rate.
In my country, banks give an average of 15-18, and even 21-23 percent per annum, for depositing money. This, in principle, a good income, even given the small inflation. This, after all, is stable and guaranteed profit. If the bank is a state bank, profits are guaranteed by state assets, and if the bank is commercial, then there is a guaranteed deposit fund from which money is returned to depositors if the commercial bank goes bankrupt. True, the guaranteed amount of payments is about 8-12 thousand dollars. However, vseravno, a guarantee of return is. If you have invested your money in the crypto currency, you are fully responsible for their safety and assume all the risks of their loss. And there are a lot of such risks. And their own mistakes, and hackers, and just the riskiness of crypto-currency investments. Here you can make good money, and you can lose everything. Those rates are higher than the current inflation rate? How can banks afford to give such high returns? Most banks are giving returns on fixed deposits that are slightly lower than inflation. Yes, the important part about this is the risk. Risk is much higher with crypto so naturally, returns have potential to be much higher as well. The current fluctuations between 6-8k are evidence enough of that. If you just get on while it's low and don't use leverage, it won't be risky though. Even for the riskiest assets, the risk is only as much as you allow it to be. |
|
|
|
Almost every exchange tied the altcoins to BTC, if their not tied to ETH. That's why if BTC goes down, all crypto tokens will go down too in terms of USD price as it was tied to BTC. It's like the Law of Relativity or it's like how a specific market/country crashes when their currency crashes in value too in FORex. It's like a common occurrence in the market. Wether it be stocks or the crypto market.
The exchanges may give you a value based on bitcoin, but that's not tying them together. Just because it tells you that 1 altcoin is worth x bitcoin doesn't mean that if one goes up the other has to go down. These exchanges have no impact on the price. Forex is the same. A dollar is the same whether it's valued in terms of euro, franc, gold, corn, or donkey pelts. When a trader decides to buy one and sell the other, of course he will impact the price of both. But that is the decision of the trader, not the exchange. |
|
|
|
If ethereum soon introduces the Plasma project, which completely solves the problem with the scalability of ethereum and allows it to conduct hundreds of thousands of transactions per second instead of the current fifteen, and in the future up to millions of transactions, this coin will in general be beyond any competition. Bitcoin on the background of ethereum will generally look like a museum exhibit. This year I received partially free tokens only in ethereum, not in bitcoin and I think this is the right decision. I think that ethereum will soon rise very high.
But will anybody want to perform that many transactions on a coin that basically has no acceptance and is not being used for payments anywhere. What are they hoping for with those hundreds of thousands transactions? That there will be so many new projects to create the demand? I've read somewhere recently that the interest in ICOs is going down. There even was a graph showing how much money did ICOs gather in the last couple months and it was getting lower every month since the beginning of the year. This is what worries me. It looks like altcoins are running out of steam, and ETH is leading the pack. That doesn't mean that they'll all be useless bits in a few more months though. They've got to slow down sometimes, of course, but when they are going to pick back up no one can tell. I'm holding onto a bit of ETH for now because I haven't lost all hope. I'm also watching to see if any reasonable purpose for using ETH in transactions comes out. There's a lot of good ideas being put together, but not a lot of action. ETH needs a kick in the ass to get going. |
|
|
|
Can someone tell me why the Alt coins price is affected so much my bitcoin price? I feel.like I'm investing in excellent altcoin projects but due to bitcoin they just seem to plummet........argggggg. Many thanks in advance
For me I can see that altcoins and bitcoin is not connected, "sometimes" why? it is because some altcoins stands independent because they have different investors who choose to hold, sell and trade which like to call marketing contro. Yes it is a fact that sometimes when bitcoin goes down the specific altcoin goes down as well but that can be changed due to investors who seek to buy the specific altcoin they want. To understand it, sometimes altcoin is independent and not it is because of the people who hold and buy altcoin. In short they move because of the people who manipulates the market of the cryptocurrency. Yeah I don't understand why people seem to think that they are directly connected. They have patterns, they follow similar paths sometimes, but no, they are not the same asset. Sometimes one goes up while the other goes down, but usually they aren't too far from each other. Just like silver and gold. Altcoins have a lot of risk to be manipulated because the market cap is so small. Anyone with a few hundred thousand lying around can jump into a lot of different altcoins and smash the price around. Or just take the whole thing over with a 51% hack. |
|
|
|
My dream of crypto is that I want to get lots of coin and I hope the bitcoin will be raised to $ 20,000 as 2017 took place. I dreamed of a supermarket that would allow the payment by bitcoin when I went shopping at the supermarket.
I think you either didn't read the OP or your auto-post algo doesn't handle these types of discussions very well... I'm not credible with this project. You should once again carefully study all the information about the project and the team, understand what their strategy is, you can even imagine yourself in their place and imagine yourself a part of this project, then you can see its benefits and shortcomings. I definitely will not participate in it.
I agree here. This project might seem really good because of a good bounty, but what if they bounty disappears through your fingers after all of the hard work you put into it? I've heard of many situations where the bounty seems really good, the investors make some good amount of coin, and then one day, that coin is gone. It just doesn't exist anymore. Check into the people more than the project. Can you find evidence of their credibility? |
|
|
|
Owen has many fans around the world, and he promotes "Owen Coin" on his social media.
"Owen Coin" will get people's attention! This encrypted currency, combined with philanthropy and public welfare, could be a hit.
Might be a good short term speculative opportunity, but I'd be a bit wary of a pump and dump, or a big bull run followed by a lack of enthusiasm after reality kicks in and it appears to most investors that they are putting money in nothing more than a celebrity's face. He's gotta have a real good application for that coin to make it stay around because as soon as it goes mainstream, everyone's gonna start digging into him real good. They'll want to see a valid reason to keep their money safe with him, and if not, they'll be off to ride the next trend. This is where hype and value cross paths. |
|
|
|
|
Bots always make me a bit suspicious. They can't handle all types of market conditions unfailingly. It could make an immense amount of profit for a certain period of time, but then when the market conditions change, how can it adapt smartly without getting in trouble? Does it have smart risk management principles? Can it rely on discretion and common sense?
Humans should be the only ones on the market because they have wisdom. Bots have intelligence, but a bot cannot learn wisdom. Wisdom only comes with self-awareness.
|
|
|
|
|
Yeah this is a clear move into the mainstream. I've seen a few projects around that center around giftcards in an attempt to give people an easier way to spend their money. It's a good concept for sure. Certainly would make more people think that they can use bitcoin.
I wonder what the tax obligations would be on that? How do they handle reporting? Or maybe coinbase is just reporting everything in your account anyway, and it doesn't matter if it goes out through the gift cards or not.
|
|
|
|
|
That's a good metaphor! True enough, you're just losing money over time to the inflation. But finance courses in high school have people believing that they can become millionaires if they put all of their money into savings accounts using compound interest. Sure you can, but that million will be worth much less than it was when you first started saving!
Bitcoin is one of the few alternatives to these ridiculous savings products that banks try to sell us which can actually help you to gain against inflation. Inflation is a slippery slope, even a cliff in some countries, that people have to cope with on a day to day basis. The sad thing about it is most people have no idea how it is affecting their lives.
|
|
|
|
This anti-ETH sentiment is caused by competitors like EOS and Cardano who market themselves as Ethereum killers. Last year everyone loved ETH and criticism was very rare, but now that competitors have launched their networks, the FUD bombardment has begun. I personally wouldn't be 100% bearish on ETH, I think in some very long run it will lose to BTC, if Bitcoin will get smart contracts, sidechains and other features, simply because Bitcoin is more decentralized and secure, but in the shorter perspective ETH at least has some proven track record of developers doing their job, while its competitors are still very young.
That's a good point, there are many out there who would benefit financially from making ETH look bad. It's not as unstable as they would like it to appear, probably. It's also got a bit of seniority in the very young market, which is commendable (although not a good enough reason to make it invulnerable). It doesn't look like it's ready to go anywhere, but it just might not be as hyped up as we thought it was last year. Although we could say similar things about other altcoins, even bitcoin as well. The reality check stage is starting to hit, and that's why everyone is working hard to make their coins have real world application and trust. |
|
|
|
Some data suggests that few investors are closely monitoring Ethereum’s technological progress. Casper and Plasma are two technical updates that will help speed up Ethereum transactions. “Casper and Plasma publish their meetings, and they still have less than a few hundred views on YouTube,” Young says. “I don't think most people are either taking the time or have the technical background to really understand.”
Thanks for sharing this. This part in particular is a little bit worrying to me. We know a lot of people have jumped into crypto doing little or no research, and that contributed to all that volatility in such a short time. I myself am into Ethereum but am starting to have a few doubts after seeing this. A speculative price cannot hold up against an actual price if there is nothing fundamental backing the asset, and that might be the case for ETH if this scaling problem is in fact an issue. However, this is just one side of it like you said and more research is needed. |
|
|
|
|
Yeah it's certainly on its way up! Hopefully it can keep going. I see it hit a bit of resistance at the $8500 level, which has some confluence between a few Fibonacci levels... right now I'm watching $8200 to see if it can hold the upward trend it's had going since Monday. If it keeps that line, it's next target looks like $9000.
Hard to tell where it'll be by the end of the year for sure. Forecasting of any kind is really difficult. Just take it one step at a time and watch the price action at each level as it continues to grow.
|
|
|
|
|
It's a great idea in theory but at this stage I think it's hard to implement properly. It's still a bit early to tell which coins to include, how to settle discrepancies, caps, rebalancing, etc. And most of all, who to trust to handle the whole thing.
Of course, there are many who will step up and volunteer to run such an operation. There's talk of establishing an ETF so how far away can an index be realistically? But the real question is, how secure is it if it's not centrally regulated, and on the other hand, do we really want any central regulation interference in here?
|
|
|
|
|
