Why decorate your post if you do not own your own experience?
I did the just like that to make it attractive to the readers. I see your effort, but apart from the fact that you simply paraphrased with the addition of the source, you could not tell anything about yourself. In fact, without experience, you are just an amateur talking about theory.
Learning is a continuous process. No one knows everything. If you think I'm an amateur, all well and good but all I know is I have been using these tips for my agro- business and it has been working well for me. Although is a small farm but I plan to grow big one day. If you have animals, do like Tom and mine bitcoin, while being self-sufficient in electricity  https://www.youtube.com/watch?v=xkVOJAWP688 |
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I don't know what it is in other countries but in France there are local currencies, about 80. Although it is difficult to determine an exact number, it is estimated that there are about 80 on French territory. Through a social, environmental, local or even regional objective, their interest is to convey the values that conventional currencies no longer embody today, and this movement is arousing growing enthusiasm if we are to believe a report by the Sol Movement , which oversees local currencies at the national level, published in early 2021. ID offers you a non-exhaustive list of local currencies in circulation by region, as well as an evolving map. A friend was bragging to me about the merits of her local currency, but I wonder what's the point since we have bitcoin? Bitcoin which obviously includes the world population. I did not really understand the objectives of these local currencies, I was wondering if local currencies existed in other countries and if people understood the interest of these local currencies which seem to undergo inflation like the fiats. https://www.linfodurable.fr/conso/la-carte-de-france-des-monnaies-locales-en-circulation-16262https://www.linfodurable.fr/social/des-monnaies-locales-pour-transformer-les-modes-de-consommation-26697 (  ?), even lets just say or focusing on a single point on the main reason then it is really just that simply that the government wont really be liking for it to be that to happen. There's no way that they would really be letting a decentralized things to take over. Come in mind that having their own local currency would really be giving out that control and power on which it could really be able to go against with other fiat on other nations as well and this is why we do really have that foreign exchange thing in between different local currencies. Bitcoin or crypto would really be just an add up, never ever make yourself that too hopeful that it would really be replacing fiat soon because it cant really be that possible no matter what. Well, no one knows on what future looks like but basing up on the situation and thing you are saying then it is really that impossible i should say.Better to focus out on what industry or what place it would be mostly effective and relevant. To be completely honest, I don't understand anything you write. French-style local currencies are not Fiat currencies. They are legal, but can only be used locally. But I don't understand that they exist, since as an alternative for a peer-to-peer payment (if that's the issue), there is bitcoin. The question is: why legalize these monkey currencies??? |
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Bonjour, Je ne sais pas si vous êtes au courant de ces fameux prêts de la BNP "Helvet Immo". https://www.village-justice.com/articles/les-prets-toxiques-helvet-immo-reviennent-sur-devant-scene-judicaire,46435.htmlRappel des faits. Entre 2008 et 2009, BNP Paribas Personal Finance a commercialisé des prêts intitulés « Helvet Immo » à des fins d’investissement locatif défiscalisé, dont le capital libellé en francs suisses (monnaie de compte) était remboursable en euros (monnaie de paiement) avec une révision régulière du taux d’intérêt indexé sur la parité des monnaies. Plusieurs milliers de consommateurs se sont laissé tenter, mais suite à la crise financière, ils ont dû rembourser une dette ayant augmenté dans des proportions vertigineuses en raison des fluctuations du taux de change.
En conséquence, les consommateurs se sont tournés vers la justice, au civil et au pénal, afin de dénoncer les pratiques de la banque, ne s’estimant pas suffisamment informés du risque encouru et considérant que certaines clauses étaient abusives. 15 ans de procédure (et ce n'est pas encore tout-à-fait terminé) pour ces prêts chelous libellés en francs suisses et remboursables en euros. Mais pourquoi les gens ont-ils contracté ces prêts bizarres |
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Inflation is the theft of people's labor. Capital pays much more than labor now. You can work twice as much, inflation is there and your salary is no longer worth anything.
People have hardly saved to buy a house or other property, but when they have enough money for a bank loan, the prices have risen so much that they can no longer buy....
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Op is talking about micro currencies which operate in certain localities within a country besides the legal tender which is used all over the country. We don't have them in my country, but I have read a bit about them being used in communities in other countries. A friend was bragging to me about the merits of her local currency, but I wonder what's the point since we have bitcoin? Bitcoin is not a fiat currency and is not competing with them. People can have their local currencies within their communities and still use their general currency which is EUR in France. This does not limit the utilities of Bitcoin. Local currencies are not fiat currencies either. Une monnaie locale ne peut être utilisée que sur un territoire restreint : ville, région, et ne concerne qu’un éventail réduit de biens et services. Elle est mise en place par une association qui en assure la gestion avec l'aide d'un établissement financier. On ne peut payer avec la monnaie locale que certaines marchandises. => A local currency can only be used in a restricted territory: city, region, and only concerns a limited range of goods and services. It is set up by an association which manages it with the help of a financial institution. You can only pay with the local currency for certain goods. A local currency can be used to pay for everyday purchases in the context of local trade, the sale of local products.
The local currency is generally used to develop the local economy by promoting local trade and production. For example, it is not possible to use local currency in a supermarket or hypermarket. The local currency can also be used to develop solidarity projects.
It is not possible to deposit local currency in a bank account. In my region I learn that there is one of these currencies for 10 years. I have never seen any business with the logo of this currency. In addition, you must join the association that issues them. Honestly, I don't understand what it's for. While some parts of the globe are seeing merchants and individuals using bitcoin lightning and developing their use (such as in Pickn'Pay African supermarkets), we are at useless local currencies... https://www.economie.gouv.fr/particuliers/monnaie-locale# |
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To start, you have to learn how Cryptocurrency and Blockchain works before you create a wallet to store your Bitcoin. You should also know which you should use and how to keep it safe. Learning about the importance of seed phrase, private key or mnemonic phrase will help you secure your assets. Being informed about the ways that the hacker use to steal your wallet is helpful to stay away from such schemes.
Thanks for your advice, but that doesn't answer my original question at all. In fact, it doesn't even have anything to do with it. |
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I am perplexed about the term "local currency." If you are referring to your fiat currency, then there should only be one type used in a particular country since multiple currencies wouldn't be practical. Therefore, I don't understand how there could be 80 local currencies. Could you kindly provide more clarity on your concern? By doing so, we can better comprehend the context and provide appropriate answers or learn more about the topic.
I will try to find other resources about our local currencies then |
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Complexity: Because of the sensitive nature of seed phrase and storage keeping, some persons are afraid of losing their asset if they mistakenly lost their devices as well as seed phrase. They feel if the have their Bitcoin in exchanges and they forget their password, they can always reset their password and have access to their funds.
It is stupid for one to think that way, what assurance do they have that the exchange is going to keep the assets safer than they can, if they took a few minutes out of their time to research, they'll find out that many exchanges have been hacked and assets were stolen, if exchanges were the safer option, how come many of them get hacked every now and then or they just play around with depositors funds for more profit and lose it. There's nothing complex about using non-custodial wallets, and people who think it is complex should prolly not use Bitcoin until they understand that it is what makes them their own bank, if exchanges have your keys, they are your bank. It may be stupid to think like that, but it's true. We have been so infantilized for so long that we no longer know how to do anything on our own. One day we gain confidence and our whole life changes. That's why newbies prefer CEX in my opinion because they feel safer and at least in a more familiar environment like their banking app (!).
Personally, I must have taken at least 3 years to connect a Ledger, being discouraged in advance and because I didn't really have time to understand how it worked. (In the end it was much simpler than I had thought.)
To my mind, people prefer CEX because it's easy to use, has multiple trading and investment option, is easy to recover, has desktop and mobile app, etc. By the way, you should have learnt in 3 years that Ledger is the worst wallet because of how dishonest they are but probably since you are from France and Ledger is headquartered in Paris, you decided to trust it more than other wallets. To be honest, we don't have much choice with hardware wallets that support altcoins but we have good choice if you are looking for Bitcoin-only wallet, I recommend you to check Coldcard and for easier interface but the same security - Passport Foundation. I didn't say I was using Ledger, I said it took me at least 3 years to plug it in. It was a gift. I have a bitbox and I find the interface simple and practical. |
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Avoid frustration; it's not always necessary. While you may not be able to change everyone's perspective, you can still educate yourself about Bitcoin and its workings. Understanding why Bitcoin was created and how it functions is crucial, but not everyone may share the same enthusiasm for its underlying technologies, which enable peer-to-peer global money transfers without intermediaries.
Some individuals view Bitcoin purely as an investment opportunity, and that's okay. Rather than trying to change their views, focus on your own learning and use that knowledge to introduce Bitcoin to new people. Educate and share your insights with others, enabling them to grasp the potential benefits of this innovative technology. By doing so, you'll contribute positively to the Bitcoin community without succumbing to frustration.
Personally, I've been happy to answer spontaneous questions for a long time, if there are any. And that's all. I don't want to waste energy on people repeating to me what they heard on TV. Anyway, people tend more and more to stop thinking for themselves. And I don't have time to do it for them, I myself still have far too much to learn. |
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I don't know what it is in other countries but in France there are local currencies, about 80. Although it is difficult to determine an exact number, it is estimated that there are about 80 on French territory. Through a social, environmental, local or even regional objective, their interest is to convey the values that conventional currencies no longer embody today, and this movement is arousing growing enthusiasm if we are to believe a report by the Sol Movement , which oversees local currencies at the national level, published in early 2021. ID offers you a non-exhaustive list of local currencies in circulation by region, as well as an evolving map. A friend was bragging to me about the merits of her local currency, but I wonder what's the point since we have bitcoin? Bitcoin which obviously includes the world population. I did not really understand the objectives of these local currencies, I was wondering if local currencies existed in other countries and if people understood the interest of these local currencies which seem to undergo inflation like the fiats. https://www.linfodurable.fr/conso/la-carte-de-france-des-monnaies-locales-en-circulation-16262https://www.linfodurable.fr/social/des-monnaies-locales-pour-transformer-les-modes-de-consommation-26697 |
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Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.
However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?
I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?
Misinformation starts very early: at school first, then the mass media. We saw it during the 2017 bull market, a lot of people wanted to buy btc because the media was talking about it. But they were not at all interested in technology or finance (inflation etc...). Out of fear, they sold everything at the start of 2018, shouting at the Ponzi pyramid. Finally there are few autodidacts and people are often satisfied with what they see on TV or in the newspapers. They have no idea how the economic system works. It's through real life that they learn: when they see the prices go up and when they realize that their savings are no longer worth anything (or not much). It is in adversity that they look for alternative solutions. BTC is already the alternative solution in several countries (Nigeria for example). |
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I don't understand why real estate prices are rising in France. Investors do not want to buy expensive real estate and invest in other countries with a good climate, such as Georgia, where you can invest in construction at an early stage and get an apartment at a price of 800-1000 dollars per square meter without renovation. How do you like these prices?
Think that with each sale, the government takes a part, the department too, without counting the real estate agencies. Of course the banks also with their 25-year loans. Housing is a basic need. This race for profit is totally insane. But right now, with interest rates going up, good loan applications are being turned down. The cash machine begins to seize up. So much the better, otherwise young people can no longer find accommodation. On the other hand with declining transactions and therefore the taxes that go with it too, the French government will find us a new tax to compensate. |
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People is only looking an easy way to buy Bitcoin, that's why they ended in centralized exchange. I've seen Binance ads in everywhere when it's related with cryptocurrency, what make it's bad because they wrote Binance is a safe place to hold your coins. Most of people wouldn't think about the long term effect, as long as the site is right now looks safe, it's good to go for them. Many people are not ready to manage this security on their own and therefore not at all ready to manage a non-custodial wallet. We need lessons at school like in El Salvador.
Where did you read if El Salvadorian schools teach about non custodial wallet? AFAIK they have their own wallet e.g. Chivo, it's a custodial wallet where you need to submit your KYC, but the good thing they didn't force all their citizens to use this wallet. No doubt I expressed myself badly. I was not talking specifically about wallet, but about education in the broad sense. Everything about the bitcoin environment and how to protect yourself on the internet, as "Mi Primer Bitcoin" offers. https://miprimerbitcoin.io/It's not just a lack of information, it's also a lack of education. The Internet and all its risks have been introduced without prior training, without any courses on cybersecurity, on personal data and why it must be protected.
Many people are not ready to manage this security on their own and therefore not at all ready to manage a non-custodial wallet. We need lessons at school like in El Salvador. I learned everything on my own, even computers. It's not easy and it takes time. You have to do it in addition to your job, your family, all the other activities.
Education is not enough. They will more easily forget their lessons if they don't experience in the market, see more bad reports on how people lost their bitcoins by scam centralized exchanges. Like safety rules, they can be taught at school but not all of them will have safe practices. Education is a most important thing we can do and we must start with education. They must start with educational course on bitcoin wallets, what to use, what to not use and spend time for practice. Education is that: to learn and to put into practice. If you learn music theory without having a musical instrument, what's the point? As far as cybersecurity is concerned, people should already be awareness: people do not even realize that posting photos of their children, not securing emails, not using a virtual credit card etc etc is already potentially dangerous. Before even learning, they have to understand why they have to learn and what it is for. Confidentiality or protection of personal data are abstract data. Not to mention financial education. Most people have never heard of CBDC. There is therefore still a very long way to go before people (and companies) can venture onto the Internet without too much danger. CEX probably seem safer to them, even if ultimately using a non-custodial wallet is not so complicated. I too still have a lot to learn. |
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They do this because they were introduced and guided to create accounts to buy bitcoin on centralized exchanges. They were not taught about risk of leaving coins on centralized exchanges and they think they can safely store their bitcoins in their accounts. Reminder: do not keep your money in online accountsIf they were taught about risk, like above reminder, they will use non custodial wallets. It's not just a lack of information, it's also a lack of education. The Internet and all its risks have been introduced without prior training, without any courses on cybersecurity, on personal data and why it must be protected. Many people are not ready to manage this security on their own and therefore not at all ready to manage a non-custodial wallet. We need lessons at school like in El Salvador. I learned everything on my own, even computers. It's not easy and it takes time. You have to do it in addition to your job, your family, all the other activities. |
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People who work in IT probably do not realize how difficult the crypto environment can be to understand and for some even become downright anxiety-inducing. Indeed, digital education has not, in my opinion, been properly done in many countries, especially in France.
This is how most people in their forties/fifties and over are completely lost in the digital world (especially in France). Companies do not protect their data and are easy prey for all hackers and individuals alike. So of course individuals know how to do bullshit on social networks, but there are many problems that persist and are here to stay for a long time.
Cybersecurity is an area that has really been left behind. Insufficient passwords, risky clicks on anything and so on.
In this environment where everyone learns what they can, no matter how and often quite badly, we can imagine that bitcoin is part of another world. When, however, a person wishes to hold bitcoin despite everything, the sum of the accumulated shortcomings is such that she/he becomes the ideal victim for all hackers.
If this person is not disgusted after a bitcoin hack or crash, he/she must face:
- New words that correspond to unfamiliar concepts.
- Tons of cybersecurity tips (mail protection, 2FA etc...)
- An anxiety-provoking environment that talks about hackers all over the place.
- Tools such as hardware wallets which seem complicated when some people already have trouble using a computer.
So in this context, it's no surprise that beginners prefer to leave their bitcoins on CEX, because they have less to learn in one go, just managing a password and 2FA, (and don't always use that). The stress engendered by bankruptcies such as those of FTX or the oft-repeated phrase "Not your BTC, not your coins" can indeed discourage more than one.
Moreover, in 'developed' societies of permanent recipients where people are no longer really self-taught (perhaps lack of time, intellectual laziness, lack of self-confidence, etc.), the idea of being oneself accountable for their funds, with no customer service and no one to complain to is hardly/no longer an option.
It takes time to read and to learn, every day I learn something and when I look back over the years I have the impression of having naively walked on a minefield.
I take this opportunity to thank the people who really know much much more than me for never having been condescending by my sometimes simple (or simplistic?) questions, whereas IRL in France in particular asking a question is sometimes considered as a sign of stupidity (which is quite the opposite I think. I'm not ashamed to say I don't know or I don't understand).
That's why newbies prefer CEX in my opinion because they feel safer and at least in a more familiar environment like their banking app (!).
Personally, I must have taken at least 3 years to connect a Ledger, being discouraged in advance and because I didn't really have time to understand how it worked. (In the end it was much simpler than I had thought.)
The more I learn, the more questions I have and I tell myself that I would never have gone around the question. Fortunately, my children are older and I therefore have a little more time to learn, but the path still seems very, very long. I have lots of notebooks to put notes on to look at later, but I have so many notes...
I dropped CEX after trying lots of them mostly to see what they looked like, I never traded because it's a job and I'm not interested in it, I had shitcoins which no longer exist (but for which I had only invested a few euros), I don't understand anything about DEFI and NFT for me, it's a bit like fashion week, not very interesting either.
I ended up changing shitcoins into btc and putting that on a hardware wallet (but not the ledger whose interface I don't like). Finally I applied the maxim "not your keys, not your coins"). Maybe that's the beginner's path after all? Going slowly towards this goal, without being too greedy or too naive and doing things at your own pace (I'm particularly slow I think...)
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Hello,
Today there are a thousand and one ways to obtain bitcoin, CEX, PtoP exchanges etc ... I read that the concept of seed and BIP39 was proposed later. This is all a bit confusing to me.
How did you do at the beginning to have bitcoins and how were they kept? I guess it was reserved for the rather computer-savvy people? When did it get easier?
Thank you
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Oui évidemment, le backup de la seed c'est la base Quand je dis effrayant et génial, c'est parce que ç'est super simple pour une réinstallation mais en même temps, on a envie de l'effacer  Par contre pour le tactile je ne pense pas qu-il y ai de stress à avoir, un bouton mécanique n'est pas nécessairement plus fiable. De toutes façons ce n'est pas comme si l'objet en question coûtait une fortune. Alors bien sûr on veut un outil fiable dans le temps et peut-être qu'une bitbox peut durer 100 ans, mais on nous avait aussi vendu à l'époque les CD's et DVD à leur sortie comme inaltérables ( https://www.zdnet.fr/actualites/cd-et-dvd-ne-sont-pas-fiables-selon-l-academie-des-sciences-39750471.htm) Et que dire des disques durs externes ? Pareil, finalement personne ne sait vraiment la durée de vie de tous ces appareils, on stocke des données et un jour on a plus rien (photos etc). Alors la seed elle est d'abord en sécurité ailleurs, sur un bon vieux truc à l'ancienne, des boulons ou des plaques en acier inoxydables. |
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100,000 euros is a very small amount for a tax deduction, because real estate is more expensive in France. And such a deduction can be made once every 15 years. Russia has the simplest tax legislation for individuals, and the most uneducated citizen can understand it. This article contains very complex calculation rules that will most likely require the additional services of tax lawyers.
I know that salaries are high in Europe, but I heard from people that up to half of their income is spent on taxes and insurance.
It's been years that wages are no longer in line with real estate prices. Previously everyone could buy their home based on their salary, despite high borrowing rates. A worker could buy a house without his wife working (in the 1960s). Then wages no longer kept up with inflation (1983, socialist government, unless I'm mistaken). Now even people with high wages have to go into 30-year debt to buy an apartment in Paris or a big city. Real estate prices are insane. But a lot will happen in the months to come: if the owners have to do some kind of advanced technical control of their house to sell and must have a property that complies ecologically with the government's requirements, it is very likely to stop the machine. Not all homeowners can afford expensive work to insulate their home before selling it. The rental market is super tight: prices are also soaring in the big cities and seaside resorts. There too it will be necessary to rent with precise environmental standards, in addition to that it takes at least two years to evict a tenant who does not pay his rent, investors turn to seasonal rentals or invest in something else. Let's see what will happen in the following months ... |
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Incredible, I'd never have thought of all that. Thanks to LoyceV for the two articles, which I'll read now.
Now I have another question: I know you can personalize a QR-code so that people scan it and go to a website for example (I've already done this by modifying the colors, adding a logo etc), can you do the same with a bitcoin address (I assume so?) and which site do you recommend to do it safely?
Thanks
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