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141  Bitcoin / Bitcoin Discussion / Re: What's bitcoin worst case scenario if Libra will be successful? on: August 09, 2019, 11:55:30 AM
Libra is a stablecoin.
What can be said of a stablecoin, well its stable. (pegged to fiat - inflationary)
For 1 Dollar worth of stablecoin someone gets a Dollar worth of xyz stablecoin minus transaction fee.
Changing it back someone will get 1 Dollar minus fees.
The only difference with Libra its pegged to several fiats not just USD by looks of things.

Every large company will have its own stablecoin/token even celebs,

Stablecoins are coming, Libra is one, so is JPMorgans coin and a shit ton of others, like
https://www.coindesk.com/switzerlands-six-stock-exchange-is-working-on-a-swiss-franc-stablecoin


and in addition to that. Being backed by fiat money will make Libra open to inflation and turmoil risk. Because we know that bitcoin does not really affected from fiat money turmoils and that is what makes it eligible for diversification. That is why investors started to choose BTC as a part of their investment. So yes libra is stable and backed by fiat money and yes btc has more transaction fees and really volatile but even with those facts, I dont think Btc will getting destroyed by libra. And when considering the differences between them, Libra actually brilliant idea but still Bitcoin will going to stay and keep continue to be dominant in the crypto market.
142  Bitcoin / Bitcoin Discussion / Re: Why are big leaders now opposing cryptocurrencies suddenly? on: August 08, 2019, 05:28:46 PM
That is normal that they are against it because cryptocurrency and blockchain is mainly means decentralisation of transactions and financial system. You will not need any mediator such as banks which also includes the central banks. They dont want to see power of controlling slipping from their hands. All big financial players will be erased if crypto and blockchain continue to empower. Which means whole financial system can change and big players are well aware of it. I can say it is freedoom of finance because power will shift to the people.

However, I think there are also possible concerns that governments have right to be worry about. And it is regulation, governments worry about how the regulate and track all the crypto activities. So as a result fraud and scam risk will increase tremendously. I would say they are against to it, because for some way have right to be against it but also for some way they just against it because of their own interest. It is a double edged fact.
143  Bitcoin / Bitcoin Discussion / Re: Anthony Pompliano holds 50% of Net Worth In Bitcoin on: August 08, 2019, 05:08:33 PM
On Aug 6th, Founder of the capital management firm Morgan Creek Antony Pompliano during an interview O’Leary asked Pomp how much he had invested in Bitcoin, Pomp responded that 50% of his net worth is in Bitcoin.

Will you believe in investing 50% on bitcoin?

I watched that program ( https://www.youtube.com/watch?v=uznxKyt8ttY ) and yea it really sound so crazy when I first heard. But I dont think this guy is stupid and he explained why he did that in a very logical and rational way. And against the other sceptical people, he could easily hammer his points more but I think his attitude of not being combative is actually very helpful. He was really secure while defending his argument. I must say I am pretty impressed. Also for your notice how Kevin avoided his question by saying "No more than 5% in any one stock". Well, he's asking how much total do you have in the stock market. I think, Kevin lost his credibility in his argument when he couldn't answer the question directly.
144  Bitcoin / Bitcoin Discussion / Re: Artificial Inteligence + blockchain = deadly combination? on: August 08, 2019, 04:47:48 PM
The title says it all. As I see now many countries use blockchain with AI to get better privacy and security. Any thoughts?
It sounds good to the ear, at least a lot of things will be much easier, you could just suit in your living room, and see a robot cook for you, you could sit in your room, and make transactions without the interference of third party, you could just sit in your room and get virtually everything done with little movement.

That sounds so nice right? But have you ever considered the effect on the human system, when you are not able to use your body for agile things any longer because technology seems to do everything for you. Have you also consider the effect of this on country’s employment rate? Lot of people would be fired because robot can do everything now. When we wish for these things, it has to be at minimal, and not completely take over.

You are right about that but I think it is all about ethics of using AI. If people will attach strictly to the ethics, I dont see any harm. Other thing is, Change is not a constant thing and there were always people lost or missed many things every new thing is happened. For example, when industrial evolution happened there were a lot of people who are replaced by machines. What I am saying is, it is sad but inevitable at the same time. I think people should stop resisting it and adopting the AI before it is too late.

From the point of blockchain and AI, I think AI and encryption work very well together and blockchain can be managed by AI better than humans. There is also fact of the enhancement of security. Combining this two can be evolutionary because both of them empowers each others` capabilities. Crypto trade made by AI is a massive change because it can bring the opportunity of rational trading to the traders. We know that speculation and manipulations can be easily implemented in the market because of the nature of human psychology and behaviours which is unfair for the market I think.
145  Bitcoin / Bitcoin Discussion / Re: If they can print unlimited fiat, can they just not buy up all the bitcoin? on: August 08, 2019, 03:37:48 PM
So, isn't that the reason why Bitcoin is valuable?  I mean it is limited so that makes bitcoin more valuable. When they print fiat money to buy entire Bitcoin, in that case Bitcoin`s value will increase massively while fiat money is starting to depreciate massively. And likelihood of going recession will increase in a big way. As a result, In the end if this story becomes real, then situation would be worsen for them.
146  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin Save Investors? on: August 08, 2019, 02:46:35 PM
I think it can save and investors are started to see Bitcoin as a safe haven. Because It does not follow S&P or any other market prices. In a addition to this when tech companies had a loss of 160 million, Bitcoin price went up by %8 percent. There are also investors and politicians who are really biased against the bitcoin and talking negatively but it does not matter because it will not change the fact that people talking about Bitcoin a lot, good or bad. US stocks sank on recession fears and people are worried and they already exposed to risk so I think that`s why Bitcoin is eligible as a safe haven.
147  Bitcoin / Bitcoin Discussion / Re: BTC and Gold? on: August 08, 2019, 02:27:28 PM
When it is compared, gold actually seems to be better as a store of value but only for now. I think in the upcoming future BTC will be a better option as a store of value. For instance thinking about halving system of BTC is a big advantage because it makes retain its value and enables to protect itself against the inflation risk. Also about the future projects are a strong indication about BTC future.
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