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Economy / Economics / Re: Can Libra Disrupt The Financial/Economic System?
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on: August 11, 2019, 03:14:43 PM
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But we know that already that it is not sure set cryptocurrency , right now there is like a program already into play which will come out in 2020 , we cannot yet decide for ourselves if it is really a threat or not , if it is a scam that would only be recognized correctly in 2020, we should know that right now it is nothing more than a experimental code.
- according to the facts
But considering how Facebook is already problematic with things considering the privacy of the users I think I won't be blindly able to trust libra now.
But let's see ...
We just have to wait for it and decide for ourselves if it is really worth the risk or maybe there will be no risk. Libra might later be able to provide something new in an economic and financial system where the blockchain system is implemented and also the number of companies that support is not a small matter of course the target of this project that in the future will be great
The hype of those people who believes in crypto's capability is always there so why ask for something that isn't even clear except its name. But it will be good if it can really help companies. |
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Bitcoin / Bitcoin Discussion / Re: One week in Bitcoin July 2019
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on: July 13, 2019, 11:02:28 PM
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Those pictures depict the reality of modern capitalism and slavery. Donald Trump is an idiot and Zuckerberg is a business-minded theif. I don't care if Donald Trump shuts facebook's Libra down. It was supposed to be data-stealing money making machine for facebook.
Well all of the things people enjoy today has that 'data stealing' mechanic you are talking about and quite honestly 'permissions' are there for you to let that data go to them without calling it 'stealing'. |
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5
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Alternate cryptocurrencies / Tokens (Altcoins) / Re: UTRUST
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on: July 07, 2019, 06:15:26 PM
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you're right for both. these are two reasons for price growth. and I see this project does not have both this reasons, so it's difficult to expect that there will be a price increase, because even investors are no longer interested in this project. maybe last month we saw a little hope, the UTK token went up but it didn't last long. and now prices have fallen again.
And the fact that Utrust was a part of icos that raised insane sums without a working product. That's unheard of in the real world investing. Even if this gets to be a mainstream payment system, it would take more time then most of the crypto investors are used to, and keeping that speculative price up would need insane amount of determination. And then there was pretty high bounty that was basically free money to dump. Now utrust needs to prove itself once again that it could bring something that others don't. Things have shifted after the ico and now there is real competition for this platform. I am afraid that Utrust is not anymore ahead on the vision on how the online payments should be done. The only ones I see at fault here are the investors who fall into this project. It is quite good but no working product? You guys ever heard of a ROADMAP inside a white paper? |
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7
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Economy / Economics / Re: Cryptocurrency, KYC and Terrorism
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on: July 06, 2019, 10:22:08 PM
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It is really a bad thing if that happens. KYC was supposed to help fight those who are doing bad things now that things have changed, projects should be held accountable if that happens.
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8
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Alternate cryptocurrencies / Altcoin Discussion / Re: Token Sale Evolution?
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on: July 06, 2019, 10:56:53 AM
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When a certain model goes out of favor, something new comes out. In the case of token sales, it started with ICOs then comes STOs. A few months later, some people are rushing to join the IEO craze. Just when I thought I've heard it all, two new models came out. Just today, I read about STEO (Security Token Exchange Offering) and OEO (Order Book Exchange Offering). I appreciate the effort of these people to bring something new to the market but all these looks the same to me. Just a change in how it's being packaged. What do you guys think will be next? The exchange sale are evolving according to the choice of investors but not all of these terms are mutually exclusive. For example STO is a type of ICO, it's not necessary that every STO be better than ICO. And every STO are also ICO unless they are hosted on exchange which makes them IEO. And now the STO being hosted on exchange are given a name of STEO. Many of the ICO also claims to be STO to sound impressive but they have no direct way of providing dividends to the investors like real STOs. To be honest they are just all the same. They all are issuing their tokens/cryptocurrencies. Whatever they do, they all just want money to fund their projects. |
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9
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Economy / Economics / Re: UnionBank Crypto ATM To Launch On March 08
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on: July 05, 2019, 11:55:28 PM
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well, this is really another good news from big banks. This is also one of my exact predictions about the crypto market and banks in the future. Banks will not try to resist blockchain technology, they are gradually changing and accepting new payment facilities. This is also really a sign of the expansion of the blockchain. In the future, banks will support crypto soon. Other banks are afraid of being casually asked/ ostracized by their country's Anti-Money Laundering Council. It will be another gateway for bad people to make their money real and continuous and use Bitcoin as a means. But yes, I also hope more of these banks adopt bitcoin not only because of its price but also of its technology they are being offered. |
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11
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Economy / Economics / Re: The economic function of Bitcoin
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on: July 04, 2019, 11:13:56 AM
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Bitcoins have different economic functions. It acts as a central bank. Bitcoins are known as fixed quantities as stocks have limited supplies. The rapid rise in prices has given us many different questions. What is the economic function of this algorithmic currency?
Exchange function of Bitcoin
Anyone with a bitcoin address can use bitcoin. It is impossible to know who controls each address. Therefore bitcoin must be freely exchanged. This means "sacrifice" that bitcoin has created. This free flow of capital can be from any source. This allowed the bitcoin to become worthless a few years ago.
When this currency is rising in value over time. This is due to the limited provision of bitcoins. While there is increasing demand for them. This is similar to how you bought Apple stock in 1980 during your IPO. You will have to pay $ 22 per share. Due to the limited supply of Apple shares and the increase in demand. Today it is valued at $ 520 per share
At present, Bitcoin is going down continuously, so is it a deflation?
but it is not stable for long time that is the positive thing from the Bitcoin if we think that Bitcoin going down then suddenly it will grow up and the situation is happening many time so that we need to wait for the decision making if you take good decision then it will give loss in some times I think it is stable enough though. My reason? Its because it doesn't favor those who have large amounts to take advantage of being rich in fiat money at all. Since people are occassionally going in the market, we can only see a part of the people who are having these Bitcoins get rich 'slowly' not entirely destroying the current wealth proportion of the world's economy especially in cryptocurrency. |
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13
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Economy / Economics / Re: Crypto Insurance
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on: June 27, 2019, 05:03:12 PM
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Actually, that's a good thing but the problem is, no one in the crypto space would want to go and do that. They can just give back the payments if ever the IEO/ICO fails. That's their job. However, what if the project is not legit? Would they be willing to pay that large amounts just to scam people? Insurance is a big thing. And it also means different perspective for the investors and the managers.
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Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] 📒⭐👑 Jinbi Token ~ ‘The Golden ICO’ - Merging Gold With Blockchain 👑⭐📒
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on: June 27, 2019, 12:59:41 PM
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Nobody has realized that jinbi has disappeared from blockfolio...
yeah, but is still on CMC, showing awful volumes those are bots playing with the token, or what is your opinion, who is doing this daily volume? Probably the team behind it. Nobody saw this coming that this will be another fake kind of project who only wants to hype and not pay what they are due for. Sad that if you really like the project, they betray all your expectations right after they got your money. |
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Bitcoin / Bitcoin Discussion / Re: Attack on Bitcoin
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on: June 24, 2019, 11:27:46 PM
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Somewhere, a group is preparing an attack on Bitcoin. It will come around the next big pump. The attackers will have an exponentially large advantage of computing power. If the network isn't compromised, it will be severely damaged.
Any reliable source of this info? What can you say about the extent of damage it will cost? And how are you so sure they are going to have an exponentially large advantage of computing power? If there is a legit source, then it can be real. Otherwise, just another FUD here. |
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Alternate cryptocurrencies / Altcoin Discussion / Re: hardware wallets safe?
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on: June 23, 2019, 11:38:22 AM
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I would say those are what you can call a safe box on your own. Since they work as a flash drive and a safe box which takes care of the money you stored in your digital crypto wallet. These are the safest and most convenient way to store all of the hard-earned profit and lets you felt at ease against hackers.
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