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161  Economy / Economics / Re: Sri Lanka Economic Crisis is Getting Worse on: July 19, 2022, 05:47:48 PM
Srilanka is stuck in a debt trap. Its corrupt politicians sold srilanka to china. The took large loans for development projects, which never really fructified to completion leaving them badly debt ridden. It holds a great lesson for many, never try to grow rich with debt. Their tourism industry was hit by covid, their tea estates were destroyed by too quick transition to organic practices..  They need serious international help..I sympathize with lankans.
162  Bitcoin / Bitcoin Discussion / Re: Are you bothered about what happens to your Bitcoin when you are no more? on: July 19, 2022, 05:38:08 PM
Yes for sure, my bitcoin is not for gambling, It is  my lifetime investments. I will ensure to pass on my password to my future generations. Maybe I will passs it on a paper or keep it in a banklocker passed on to them. or maybe I will make a sumerean tablet to pass on my passwords
163  Bitcoin / Bitcoin Discussion / Re: Binance Flips Coinbase, Now Has Highest BTC for Exchanges !! on: July 19, 2022, 05:23:06 PM
Binance  played important role in educating people about bitcoin. They have adapted well with the market. Their coin listing is also easy to work with. Moreover they have kept their feature simplified. As they have removed their transaction fees for now, this will greatly help the adoption of bitcoin by businesses and people in their general transactions.
164  Bitcoin / Bitcoin Discussion / Re: Bitcoin and the future of crypto 10 years from now. on: July 19, 2022, 05:16:34 PM
In 10 years the market will be far bigger in terms of value, size and technological advancement. The market at that time will be more streamlined and more structured. The volatility of market might be lesser at that time and we will be looking at stable crypto market in future. A lot of shitcoins will be dead by than and there will be few do0minant players like bitcoin ruling the market.
165  Other / Politics & Society / Re: Politics changes human mindset on: July 18, 2022, 06:10:55 PM
Politics is tool of managing societies. Success of societies greatly depend on their political systems. There is autocracy, communism and capitalism , socialism, each having their flaws. We currently live in age of hypocrisy. Where politicians use us as tools, they mold societies for their own gains.  No one stands for old principles of honesty and truthfulness. We are on a degradation path with politicians leading us from front.
166  Other / Politics & Society / Re: How do we raise our kids in this kinda society on: July 18, 2022, 05:58:46 PM
I see a lot of people struggling through this dilemma, but the world is a constantly changing place. We have commercialized our society and our culture and no longer does the values like honesty, sincerity and truthfulness valued in our society. People have become selfish and young generation is bound to learn values of their parents. What more can we expect from our children. Its a sorry state but we are only evolving as humans
167  Bitcoin / Bitcoin Discussion / Re: Are we gradually approaching towards the end of Bitcoin? on: July 18, 2022, 05:36:26 PM
I think you might have noticed the recent prices of bitcoin. It has shown impressive gains in last 5 days. There is no such thing that bitcoin going weak,  Bitcoin is not a share, nor its a currency. Its a technology. It is bound to go up and up
168  Bitcoin / Bitcoin Discussion / Re: Is it a good time to start accepting BTC? on: July 18, 2022, 05:19:51 PM
I think its best time to accept bitcoin for businesses, the current prices of bitcoin are low and any bitcoin transaction is bound to giver higher returns in term of bitcoin. Moreover these prices are bound to rise greatly in future, and this will help to give great gains. So if businesses accept bitcoin now, it will be a meaningful decision.
169  Bitcoin / Bitcoin Discussion / Re: Countries have banned Bitcoin; Do you believe is because of criminal activities on: July 17, 2022, 06:37:52 PM
How many drug lords or dons use crypto? How many corrupt officials take crypto bribes. How any warlords by weapons through crypto... I havent read about any in newspaper. But yes governments are  launching their own digital currencies, to compete with bitcoin. To me it seems more like a case of insecurities by government, rather than crime preventive measures.
170  Bitcoin / Bitcoin Discussion / Re: Satoshi's faceless identity is the greatest Bitcoin success strategy on: July 17, 2022, 06:21:34 PM
Had satoshi had his identity revealed, FBI,CIA ,KGB would have by now imprisoned him on one charge or another. Bitcoin is a direct challenge to fiat currency and monopoly of governments and international financial system. Thus I agree. Faceless identity of satoshi has kept bitcoin safe.
171  Bitcoin / Bitcoin Discussion / Re: Would Bitcoin recover even if it fell to one dollar? on: July 17, 2022, 06:09:01 PM
You see blockchain market is moving from proof of work to proof of stake concept(which suit the capitalists) Bitcoin has several advantages over other blockchains, It is the strongest and most trusted crypto. The chances of its fall to zero is a remote possibility with almost negligible probability. Even than 1 bitcoin= 1 bitcoin and whenever bitcoin as its inherently a blockchain, with value ascribed by marketd. When it will recover it will gain its value. So keep hodling
172  Bitcoin / Bitcoin Discussion / Re: why is bitcoin price important? on: July 17, 2022, 06:02:24 PM
people don't value anything which has no price. Satoshi designed bitcoin as a reward for investing energy and computational power in solving Bitcoin blockchain algorithms. This is called the proof of work. As the value of bitcoin increased more and more people joined in the Bitcoin blockchain, creating world's most successful blockchain ecosystem. Thus there is a lot at stake with bitcoin. SO its value naturally becomes important for many like us. 
173  Economy / Economics / Re: Bitcoin is like a venereal disease-- Charlie Munger on: July 16, 2022, 06:10:50 PM
When there is blood bath on street people go berserk.  charlie munger is no exception he is one such case. I am sure silently he must be buying bitcoin for himself for future..Fiat is a illusion with no real value in long run. But one bitcoin will always be one bitcoin.
174  Bitcoin / Bitcoin Discussion / Re: Personal interest Over National Interest on Bitcoin By Countries on: July 16, 2022, 06:05:57 PM
Bitcoin is still considered as a grey area in many countries and there has been a debate around the world, how crypto needs to be regulated. With rising inflation banks are using their favorite instruments, rate hikes, but why should we suffer, if the world productivity is declining. For me its a step to wipe out poor, not poverty. Government and systems need to be penalized. Rich need to sacrifice their wealth. But its always the poor. A decentralized system will give us choice to handle our money ourselves while fiat go worthless.
175  Bitcoin / Bitcoin Discussion / Re: My old officemate become millionaire on investing on Bitcoin on: July 16, 2022, 05:56:38 PM
For me it was in fact a colleague who got me interested in bitcoin. and since than I realized that blockchain is going to transform the future and since than i became a bitcoin fan. I had been in crypto space, I invested in learning more about crypto and It paid me smartly. Bitcoin is going to stay here for long, It is in consolidation stage and the crypto transformation is a long process, which will take a few decades to complete. As more and more people will understand blockchains and bitcoin, there will be higher adoption of bitcoin and bitcoin will rise high.
176  Bitcoin / Bitcoin Discussion / Re: Be careful what you wish for, it might happen on: July 16, 2022, 05:46:49 PM
you are thinking too deep, too early. Who says bitcoin income is not taxed. In many countries they are taxed. Decentralization will help to make systems more efficient and more robust. It has nothing to di with taxes. Infact in long run it will help to reduce corruption, which is primarily in fiat currency. Kenya is a poor country, but you see people over there are embracing crypto at a faster pace.Its helping them to come out of their poverty
177  Bitcoin / Bitcoin Discussion / Re: Where will Bitcoin stabalize?? on: July 11, 2022, 04:23:22 PM
I believe a lot of what today is happening is also due to whales and they will bring it down further to buy the assets of small investors at low cost. Since there are not really many players in crypto today, whales can really make big fluctuations in market. But remember bitcoin is going to resurrect and rise. So kindly hold your bitcoin and enjoy the dip.
178  Bitcoin / Bitcoin Discussion / Re: What If Bitcoin Fall?? on: July 11, 2022, 04:20:28 PM
The fall of bitcoin can never become a permanent feature. Bitcoin is not a currency, its a technology and, its adoption is only going to increase with each passing day. Why? Simply because it is a more safer and efficient way of transaction of your money, than fiat.. So even if it falls, hodl it and buy it, because the storm will pass, as it did before.
179  Bitcoin / Bitcoin Discussion / Re: How Bitcoin manage to grow over time? on: July 11, 2022, 04:15:56 PM
Its the simplicity and safety that block chain transactions can provide over the fiat which became the prime reason why bitcoin kept on rising and why we say to hodl it as it will rise further.
Blockchain technology can create digital contracts which can allow for  use of distributed ledger system making it a decentralized currency, Thus creating a better alternative to fiat currencies. All these advantages make bitcoin a truly safe and meaningful digital currency. Thus as the adoption increased its value too zoomed.
180  Bitcoin / Bitcoin Discussion / Re: Bitcoin could become the gold of 21th century? on: July 11, 2022, 04:07:06 PM
Bitcoin will surely become the new reserve for currency and finance institutions and they will create alternate coins, whose value be based on the reserve value of bitcoins used for hedging. In this way the whales will make money for each transaction done against their own currencies.
So in that way bitcoin will become what gold is today. The reserve currency.
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