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Very strange thing i noticed: most people like to buy with bitcoin , but using altcoins very few
I think all clients i had from bitcointalk prefer to use bitcoin to buy services / products they needed ...
Not a single client that i had until now used altcoins like ethereum ,litecoin etc or tokens like usdt,usdc ....
Why do you think people don't like to use altcoins to buy things on the internet ?
There is no way to answer this 100% . It all depends on what is going on with said coin. Altcoins USD or EUR price is determined from the BTC price of the coin. When investing in altcoins that are purchasable via bitcoin, you want to take a look at the btc price of that coin.. That is going to give you more information vs. checking the USD or EUR price. |
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more helicopter money on the way?! everybody over age 16 would get $2k/month, no questions asked: Washington, DC – Today, Representatives Ro Khanna (CA-17) and Tim Ryan (OH-13) introduced the Emergency Money for the People Act to provide additional cash payments for hard-working Americans who have been impacted by the COVID-19 pandemic. While the CARES Act was an important first step, its one-time payment does not provide nearly enough support for American families.
The Emergency Money for the People Act expands relief to more Americans and includes a $2,000 monthly payment to every qualifying American over the age of 16 for up to 12 months. It also fixes a bug in the CARES Act to ensure college students and adults with disabilities can still receive the payments even if claimed as a dependent. The Emergency Money for the People Act additionally recognizes that not everyone has a bank or a home address to receive a check – so it allows individuals to get this money through direct deposit, check, pre-paid debit card, or mobile money platforms such as Venmo, Zelle, or PayPal.
Under the Emergency Money for the People Act, monthly cash assistance payments would be guaranteed for at least six months and would renew for another six months unless the employment-to-population ratio for people ages 16 and older returns to the pre-covid crisis employment level of 60%. These payments would not count as income in order to protect eligibility for any of the income-based state or federal government assistance programs.
Reps. Khanna and Ryan proposed the first cash infusion plan a month ago, which the Administration and Senate Republicans embraced, and was passed into law with the CARES Act. But as a record-number of Americans have filed for unemployment in the past weeks, it’s clear a one-time payment will not be remotely sufficient. In some places, this doesn’t even cover a month’s rent.
https://khanna.house.gov/media/press-releases/release-representatives-ro-khanna-and-tim-ryan-introduce-legislation-sendcould this pass? 17 co-sponsors and counting. i never thought UBI would be on the table so soon, but with the economy on the verge of collapse, unemployment skyrocketing, social unrest around the corner.....it doesn't seem impossible anymore. thoughts? what are the limits of money printing?  The proposal is still under consideration, but I strongly doubt it will happen. Then again, I strongly doubted the initial $1200 payment was going to happen, but it totally did. It’s not as bad an idea as it seems at first appearance. It’s expensive, sure, but this is effectively a world war (it will kill a world war’s worth of people and every nation is fighting the enemy together, because we all collectively have no choice), so the appropriate question is not “is this more expensive than your average Tuesday” but more “is this more expensive than World War II was?” It seems reasonably obvious to me that if you order people not to work, you must also provide them a way to feed their families. You cannot do one without the other or there will be riots, and not without justification. |
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The world is surrounded by the COVID-19 and so the demand for the decentralized economy is increasing as a way of maintaining social distance. Does Pandemic Coronavirus open the door for the decentralized economy? Please justify your answer.  The epidemic had a negative impact on the economy. Restrictions have limited production and consumption possibilities in many countries. There has been economic stagnation and recession. Unemployment and social dissatisfaction have increased. In addition, central banks have mass printed money, which will result in rising inflation and loss of savings for some people. In addition, the restrictions introduced in many countries still prevent the return to production and trade before the epidemic. I am afraid that after a period of temporary economic stabilization there will be another economic crisis or violent socio-political events. |
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As a matter of fact,we are currently experiencing the result of the Covid-19 pandemic through out the world.
There are so many people who are suffering and because most of the people are now unemployed because of many companies either closed or lessen their workers, the lives of the people getting worst.
Lack of foods and other personal necessities.
Lack of finances.
Lack of transportation because of quarantine.
Those are the major problems we are now still facing while the pandemic continue spreading because there is no cure for this virus until now.
What will be the solution for this?
How we can help our government on this current circumstances?
Does bitcoin or any digital currency could help?
There’s no shortage of food in the world, but its distribution is the problem. The whole problem is getting it to people, or the people’s capability to buy it. If people in certain positions are unwilling to distribute the food for free, there will be a “food shortage” for people. Today, there’s already tons of food being thrown out because there’s no one buying. We might reach a state in the world where this will happen. If people are unwilling to help others during this time, especially when more and more jobs are going extinct, never to return again, we’ll face a famine that does not need to happen. So let’s revert from our ways of only seeing “what I get out of it” and help others during this extreme and uncharted time. That’s the only change that needs to happen in the world today |
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This covid-19 has proven to be a humanitarian crisis and tragedy with dire economic consequences. Unprecedented declines in global trade and travel along with an ordered lockdown of a large proportion of the global workforce have led to drastic decreases in productivity, with uncertainty reigning supreme in markets.
In these tough times, the centralized economic processes have been heavily tested, and the cracks in these systems have become apparent.
Fraught with intermediaries and single points of failure, these systems aren’t structurally equipped to deal with crises. It is in light of these weaknesses that we must turn to the incorporation of distributed and decentralized systems and technologies into current systems and move towards a more decentralized economy.
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If asked to me why bitcoin is very valuable compared to other cryptocurrency or gold. To be honest, I can't either give a strong reason,
but in my hunch the possibility of bitcoin is the first cryptocurrency. Become better known and trusted, then bitcoin is also purely
decentralized. This might make bitcoin demand high, and become a symbol of resistance to monopoly paper money. Therefore bitcoin
has fanatical supporters in my opinion.
Its really simple. People in this digital age wanted a online currency controlled with math as law with a ever growing worth. You used to be able to buy a loaf of bread for 10cent usd or a coke for a nickel right.. well now every year the cost of things increases and your dollar decreases in value. Everyone is taking a cut off your dollar too. Any governments cash is kinda a wildcard currency when you think about how cash works and how its made by a specific one government. Bitcoin is like the whole worlds online currency, and you dont have to put it in your pocket, get out of a atm or place in a physical place that takes up space. Technically it should be better on the environment vs random metals and paper with toxic elements. There is also fake cash floating around, there is no fake BTC. Although now Bitcoin (BTC) is harder to get and more of a asset. Its also taking computer parts and electricity to manage. It takes effort, work and your own equipment to help manage the calculations to run Bitcoin so you get paid some Bitcoin for running the hardware so its also worth something because people are putting “worth” in to the system to get “worth” in the form of BTC for their service. Since it was created in 2009 its taken years for the worth and adaption of bitcoin to grow. |
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The term cryptocurrency is generally used to describe a digital asset in which encryption techniques are used to regulate the generation of additional units and verify transactions on a blockchain. Cryptocurrency generally operates independently of a central bank, central authority or government.
The creation, trade and use of cryptocurrency is rapidly evolving. This information is our current view of the income tax implications of common transactions involving cryptocurrency. Any reference to 'cryptocurrency' in this guidance refers to Bitcoin, or other crypto or digital currencies that have similar characteristics as Bitcoin.
If you are involved in acquiring or disposing of cryptocurrency, you need to be aware of the tax consequences. These vary depending on the nature of your circumstances.
Everybody involved in acquiring or disposing of cryptocurrency needs to keep records in relation to their cryptocurrency transactions.
If you have dealt with a foreign exchange or cryptocurrency there may also be taxation consequences for your transactions in the foreign country.
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The thing about financial crisis is that they are not predictable, not in terms of occurrence, intensity nor duration. They usually blind side you, because if conditions leading to a crisis were obvious then market activity on its own would avert it.
In other words, if a stock bubble was obvious to everyone, arbitrage traders and short sellers would pop it on their own.
Sometimes a crisis seems obvious in retrospect, but upon more detailed observation that is not really so. In 2008, for example, it seemed obvious that the housing market was way over valued to a lot of people who didn't have a direct stake in housing and related securities, but it wasn't the collapse of real estate values that sank the economy. It was the crisis in confidence following the failure of Lehman Brothers, and the recognition that many AAA-rates mortgage backed securities and derivatives were probably worthless, that turned the bust of the housing market into a global catastrophe. The overvaluation of the housing market was obvious and somewhat predictable. The contagion of fear following the collapse of Lehman was not.
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As to your question simply, yes! If you rely on Bitcoin as the premise which changes world currency for generations to come.
It’s one of the biggest exchanges people and volume wise with more than 200,000 people actively trading! It’s got a great user interface, fast loading charts, lots of cryptocoins big and small, good response time from their helpdesk if you run into some trouble you want an answer to. They have the lowest exchange fees off all exchanges, only 0.1% for buy and sell trades! They have trading competitions running from time to time when new coins get listed as well.
It’s got the major coins listed like Bitcoin, Ethereum, Litecoin, Neo, Nano, Waltonchain, VeChain, OMG but also lots of smaller high potential coins like, ETHLEND, Odyssey, Dent, Dragonchain, Elix, Oyster, DeepBrain Chain, Credits, High performance blockchain and many many more! It’s listing new coins very often and you can even vote once a month on which coin you want to be listed. It’s also one of the only exchanges that distribute GAS when keeping NEO on their platform.
There are trading pairs against BTC, ETH and USDT, NEO but also against their own KCS token. When you hold their KCS token on the platform you receive a daily dividend. They give out 50% of trading fees every day to people holding their token.
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Absolutely not, because bitcoin has value and users appreciate its utility, all the remainder is speculation.
If Bitcoin ceases to be useful it will not have any value. Store of value in and by itself does not exist, a good needs underlying utility and it stores value well because predictably, it will hold its utility far into the future: I.e. Gold.
Bitcoin will not cease to be a store of value just because it changed its audience. You could argue that as a settlement layer, Bitcoin will cater to less users but higher paying ones.
In the end, this is just a question of philosophical roadmap.
Myself I support BCH because it goes in line with the revolution of the commons I envisioned. Taking back sovereignty. But I do not expect Bitcoin Core to not be able to fulfill its use as store of value, much like gold, under their present roadmap. And if all my fears come to pass, it will actually be worth a lot for the actors I envision entering the scene. That's why my Bitcoins will stay on the main chain, in a non SegWit address and with no Lightning Channels.
But that is a very narrow vision for Bitcoin and a testament to our collective sheepness and feeble minds... we could indeed have had it all. It isn't however, an economic disaster, it could very well make all the holders very happy moneywise. It will essentially be a bribe.
Given the present roadmap, it could at least bring some transparency to the current financial system (half full glass). My main concern is now that they set everything up, they are actually working on anonymity (total empty glass)... this just sounds too fucked up to be true, how we had so little foresight to fight this collectively.
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Ultimately, cash may in fact disappear. But it’s mostly a question of where and when. While it may disappear in some countries, it might remain in others. And if it ultimately happens in 50 or 100 or more years, it won’t matter much to anyone who’s alive today.
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Well, as we all know US belongs to 1st world country . As expected even if their economic growth are effected by this pandemic they could easily recover. Compare to the 3rd world country it take years or the worst is decade to recover. But if every country helps one another maybe it will not take a years to recover.
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Free markets are and always have been the tool of the powerful to bludgeon the weak.
How much did India and China benefit from Britain's advocacy of free markets in the with century?
How much did the working poor of any nation in that period?
Or this period, for that matter?
Free markets are a tool of the rich and powerful to keep themselves so, and to make themselves more so. Which is why the richest, what, 1%? Control half of global wealth.
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Unfortunately, the answer would be NO!
If you have standard life in USA, you must have a bank account to have electric billed, water billed, CREDIT CARDS, to rent a house or Apartment you must have “BANK information” showing credit risks. Cellphone, have to have credit card for account or use a Pre-Paid limited access phone.
If you apply for a job, how will you cash the checks? Most PayCheck cashing places charge a % of check as commission.
So if you live where you can barter, or use cash at ALL TIMES, and only have a check once in a while, sure no bank account.
Live in a city, get a bank account
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Governments around the world — including the U.S., China, Japan, Canada, Venezuela, Estonia, Sweden, and Uruguay are either actively working on some form of digital currency.
But governments have very different priorities, and decentralization a main feature of most cryptocurrenices including bitcoin doesn't tend to be one of them. In fact, government digital currencies could herald a new era of centralization, posing serious questions about privacy and the viability of true cryptocurrencies like bitcoin.
There's important differences between true cryptocurrencies and what are generally called "centralized digital currencies" (CDCs). One of the main qualities if not the central feature of cryptocurrencies is that they're decentralized. This means no single person, government, company, or group can control them. CDCs, on the other hand, are on the opposite end of the spectrum. They are as centralized as can be.
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I would agree by creating crypto currency in every country because they could just pay easily by using their own crypto without presenting paper money. That would be helpful in what we are facing right now in this pandemic.
Will, there is a possibility of treat buy using crypto but they can still working on it by securing their own block chain.
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China, once the epicenter of the COVID-19 pandemic, appears to be turning a corner. As the number of reported local transmission cases hovers near zero, daily life is slowly returning to normal. However, economic data from the first two months of the year shows the damage done to the country’s finances. But we already know that China is one of the biggest country they can recover easily compare to the 3rd world country.
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Our world may not return to normal for some time.
It is not the first time that we are seeing a global disease pandemic and it certainly won’t be the last. Our modern world creates outbreaks like coronavirus. The coronavirus pandemic is a direct outcome of excessive activity over and beyond the capacity of our human and environmental ecosystem.
Our excessive existence is a hotly debated point. From the ecological crisis we are creating from carbon emissions and dumping plastic in the oceans, to the disproportionate wealth gap being created by modern U.S. style democratic capitalism, the warning signs are abundant.
We need to stop fighting resource wars among ourselves and against nature. Money and technology are tools we’ve created that need to serve us. And if it is humanity versus nature, nature is going to win. Every single time. Fundamentally, money is a claim on resources. A claim on energy spent somewhere in the system. But with digital infrastructure, we can transition away from burning physical energy in the system and confine it to the digital domain.
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