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October 20, 2021, 01:54:16 AM *
News: Latest Bitcoin Core release: 22.0 [Torrent]
 
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1  Economy / Economics / Re: Will circular economy work ? on: October 19, 2021, 07:38:55 PM
I don't think it will fully work, because at some point, those reused and refurbished items will have its quality degraded badly that its safety, efficiency, and practicality will no longer be beneficial to the members of the economy. Circular economy is not really 100% achieved even in most ideal settings, and people will have to throw away things that have far exceeded their usability. Recycling and refurbishing things is always good, but there needs to be a complementary solution to the problem that we have in overproduction and excessive waste in our planet.
2  Bitcoin / Bitcoin Discussion / Re: Do you pay with crypto??? on: October 19, 2021, 05:08:41 PM
I only ever tried using bitcoin to pay for something in less than 5 occasions. If there is an option for me to use bitcoins on a payment without being gutted by transactions fees and whatnot, I'd do it just for the experience. Sadly though, there aren't many such options, and it's economically and practically better to just hold your bitcoins and convert to pay for fiat on the things that you buy. At this point in time, bitcoin is extremely important to keep, due to the continuous uptrend it has been receiving.
3  Economy / Gambling discussion / Re: ️ Esports Prediction & Discussion Thread on: October 16, 2021, 01:02:21 PM
[The International - Dota 2]

Team Spirit vs IG is a match that I'm very familiar of what will happen. Placed my bet on over 2.5 games because I know that IG can read into Team Spirit so well, that even if Team Spirit crushes IG on the first game, they can readjust and force a game 3. TORONTOTOKYO also dominates the lane against Emo, and if TORONTOTOKYO is free to do whatever he wants in the map on the early stages of the game, it enables rotations on the offlane which can put a lot of pressure on IG's carry. Team Spirit capitalizes on early game advantage and holds on to it like a baby holds on to his/her favorite toy.

It will be a nice series to watch.
4  Bitcoin / Bitcoin Discussion / Re: Estonia on a road to possibly revoke most crypto licenses issued in the country on: October 16, 2021, 12:03:48 PM
Estonia used to be the country where most crypto service and companies want to register their brands to. But it appears that Estonia has had a change of outlook on crypto, and wants to control or limit licenses that they give out to companies. Surely there must be a triggering factor from all of this sudden change of heart on crypto. Perhaps the influx of scam companies or complaints that they receive from businesses registered ln their country. They're getting good money from those licenses surely that they'd suddenly stop is really intriguing.
5  Bitcoin / Bitcoin Discussion / Re: Doctor Doom Nouriel Roubini now NOT anti-Bitcoin on: October 16, 2021, 10:46:50 AM
Schiff may still be a shill for gold and that wouldnít change any time soon. Heís so deep into his angst against bitcoin and convinced that it will do nothing for the world and its value will always be nonexistent. As for Roubini, he might be the next Jamie Dimon praising bitcoin one day and cursing it the next. Iím still not convinced that his stance on bitcoin and crypto in general has changed.
6  Bitcoin / Bitcoin Discussion / Re: What do you think will happen to the price when all the bitcoins are mined? on: October 16, 2021, 09:09:34 AM
You're zooming in to 119 years from now. Even the most experienced traders can't predict what will happen to the price in the next few weeks, what more about 11 decades ahead? If the superpowers of this world decided not to go into wars, and if the earth remains habitable by then, most probably bitcoin will already be replaced by something else. Or if it ever managed to stand the test of time, it will surely be an extremely valuable asset to everyone that its value cannot be gauged so easily.

Hard to know what happens years from now if we can't even know what happens tomorrow.
7  Economy / Economics / Re: Does the Dark Side of the Art Industry Foretell NFTs Future on: October 16, 2021, 07:48:58 AM
Most of us here already know that the art industry is just a hub for the wealthy elites to exchange collections that they think is priceless and of value. I wouldn't say though that the art industry as a whole is corrupt as was portrayed in the video. Only those on the uber-extravagant side of it has that corruption the video describes, but the rest of it remains pretty neutral, and is unfortunately deprived of the attention that they deserve.

I believe that some of the corruption exhibited on the elite side of the art industry already exists within the NFT art market. It's not surprising at all, considering that crypto in general is still considered as good vehicles for such activities anyway, though of course people will turn a blind eye on the art industry and will focus more on NFTs because it's crypto and cryptos = bad.

And of course, who the hell pays millions on digital artworks that can easily be reproduced anyway? You can say that NFT art is protected by the blockchain, or that you 'own' that thing, but I don't really see the point of owning them at all.

But NFTs?  You can't even hang them on your wall unless you print them out or have a digital screen to display them....and they're not physical.  That's what gets me.  Who collects digital anything, even if there's only one of them?  It's certainly a new concept, but it's one that I don't think will stand the test of time.

But at the least you have some pretty cool looking pixels displayed on your screen which you can place on your socials or websites Cheesy
8  Bitcoin / Bitcoin Discussion / Re: What Bitcoin stands to gain when the government prints more currencies on: October 15, 2021, 11:29:36 PM
If governments continue to print more and more money into circulation inducing rapid inflation, people will soon see the value of bitcoin as a hedge against the devaluation of their assets. People will buy bitcoin, hold it, and may never even convert it back to their original currency. They will see more utility in bitcoin than other assets, as bitcoin already proved that it can hold value and can go toe to toe against any other asset class. Hopefully, the rapid devaluation of currencies donít happen too fast, or we may see yet another economic downfall for lots of countries.
9  Economy / Economics / Re: Steam bans blockchain games on: October 15, 2021, 10:46:34 PM
This is a good move, although not really a surprise anymore since we all know Steam is not really welcoming when it comes to games that has an outside economy wherein they could not benefit anymore. A good preventive measure as well, since of course, a gaming platform such as Steam wouldn't want to be involved in some NFT games fiasco should it happen along the way since a lot of these games are just there for a few months before disappearing into obscurity. And because Steam offered the game on their platform, they are somewhat part of the blame.

I wonder how long before they remove these games completely?
10  Economy / Service Discussion / Re: pbmining and my 0.5 btc on: October 15, 2021, 09:47:18 PM
I've also invested some coins in PBMining, Eobot, and other such sites in the past and all of them ended up as exit scammers. I'm still wondering how much money have I invested in both of these sites, though I believe that it was roughly below $50 in bitcoin for each of these sites back then. Anyway, that recovery thread that they posted years ago never really returned anything substantial to the community. It was a way for them to buy time to clean up their tracks before they completely disappear. That 0.5 btc could have been a lot more right now if only you held on to it and not trusted any cloud mining sites that popped up on the hey days of 2013 - 2015.
11  Economy / Economics / Re: What will be the effects of China's central bank declaring all crypto illegal? on: October 15, 2021, 09:22:17 PM
Bitcoin thrives from the very beginning with bad publicity.
Everyday you get FUD from somewhere, ever since 2009. And at every step BTC has overcame it and became stronger.

This is also what I noticed from bitcoin. It has always been the center of negative publicity, but it was never a huge problem as people still buy bitcoin anyway despite governments and other huge entities warning them not to go near the said cryptocurrency.

China has been taunting such bans for so long now that it no longer is a threat if they decide to ban bitcoin for real this time. The world has since moved on from news coming in from China, that whatever happens in that region no longer concerns what's happening in the bitcoin ecosystem.
12  Bitcoin / Bitcoin Discussion / Re: ***BREAKING *** Bitcoin ETF is approved on: October 15, 2021, 08:15:55 PM
The anticipation on the approval of bitcoin ETFs had long been gone for the community. 2 or 3 years back, people are pushing for bitcoin ETFs as they believed that this is to get bitcoin into the main stage of the world's economy. We don't need it now, as companies and governments themselves realized that bitcoin is really worth something, and that people are also looking to join the free market which bitcoin currently has. Bitcoin ETFs, in today's time, is like a gift that we prayed so hard that we received so late, after receiving something better. It's still a nice thing, but I don't think that its impact would be that big now.
13  Bitcoin / Bitcoin Discussion / Re: Venezuela Airport accepting Bitcoin on: October 15, 2021, 06:58:01 PM
Well given that their local currency isn't really of value, it makes sense that some major industries take up on bitcoin payments more seriously than ever. It would be interesting to see how they'd deal with bitcoin's volatility, since that area remains unchecked and one that keeps most industries from accepting bitcoin payments on their platforms.

Also with the recent price movement of bitcoin, I doubt people who has it would be willing to pay in bitcoins anyway, but at least that option is already available in Venezuela when you need to take a plane ride somewhere.
14  Bitcoin / Bitcoin Discussion / Re: [Competition] Private Key for 1BTC wallet hidden in a music clip on: October 15, 2021, 05:16:55 PM
A good marketing strat, I should say, though people who would listen to the music would probably be there for the reward and not mainly the music, but who knows? Maybe after a while they get to feel the vibe of the music  and appreciate it and the artist, too? Such kinds of puzzles are really fun and engaging IMO, and it's great that some people are really taking their time crafting one.

With regards to the 'proof' that everyone's asking, I agree that there should be some kind of a proof that there really is a prize to be had if the code is cracked. I mean, it would be bad press if there's nothing in there, and might even destroy the guy's image, too.
15  Economy / Economics / Re: When you sell is no longer "yours" on: October 15, 2021, 03:44:29 PM
I also get that feeling every time I remember some shitcoins I sold for so cheap years back that are making their comeback today. It feels as if I'm gutted every time I remember that I had so many of those coins that I just sold easily. Well the only good thing is that it was converted into something more valuable today, though looking back, if only I had a little faith on some of those alts that I held, it would have been a lot more, but I guess regrets is what we all have in the end anyways.
16  Bitcoin / Bitcoin Discussion / Re: Putin believes Bitcoin has value on: October 14, 2021, 07:19:15 PM
News surfacing from Russia just a few months back states a different stance on cryptocurrencies, insofar that they even wanted to ban it wholly. Putin as the head of state surely has a valuable opinion on what he thinks of bitcoin, and most of the time, his views are taken as the views of Russia as a whole. Just the timing of this recent statement of Putin on the matter makes it hard for me to believe that he really is thinking such for bitcoin. But who knows? Maybe he really had a change of heart, or he just doesn't follow what his advisers and counsels are doing for cryptocurrency for his motherland.
17  Alternate cryptocurrencies / Altcoin Discussion / Re: Top on the list of your portfolio on: October 14, 2021, 06:06:23 PM
Had over 100% profit on AXS in a span of 3 weeks, and I just invested on the said token on mid September. It's certainly up there on my priority list. Next is SOL and some other random alts that I do not have any confidence to share just yet. They're really performing well upon weeks of picking them up, and I'm already comfortable with having them right now. With the next few updates coming in to the Axie Infinity ecosystem, I think my AXS is in good shape primed for profits.
18  Economy / Economics / Re: American banks begin to be "friends" with bitcoin on: October 14, 2021, 04:53:46 PM
I don't think that these banking institutions are doing this for the betterment of the space, or to aid people who are using cryptocurrencies. This is to advance their interest on the growing demand and interest on cryptocurrencies and they certainly don't want to miss any of the fun and profits as well. We all know how banks operate, and this is just their way to claim their 'share' of the pie even though they don't deserve any of it.

Currently waiting for the banks to introduce their own custodial wallet. It's not impossible to happen, and if anything it helps them gain control over people's funds, too.
19  Economy / Economics / Re: Simple reason why crypto is preferred over fiats on: October 14, 2021, 03:19:36 PM
That's because no single person or group of persons is or are in control of Cryptos, it's called Blockchain technology

It's a decentralised system meaning money sent or received from or to an account can be seen or monitored by everyone or anyone who wishes to

Not necessarily. There are also centralized cryptocurrencies out there such as XRP who fails to fall under this definition of 'blockchain' that you pertain to.

Unlike your normal bank that has CEO who decides how he wants to run his business, he can collaborate with the president to Syphon millions of naira and no one will know about it

One way or another, someone will have to know about the millions that are missing on the cash flow of a company. Ever wonder how some 'documents' regarding such transactions are leaking every now and then?

In the Crypto space, such is not possible because any kobo that leaves your account can be monitored and traced by anybody at all

So stealing with Cryptos is almost not possible

Stealing cryptos is pretty much possible with a lot of gullible people and a not-so-secure exchanges that are being exploited by hackers. Cryptographically, cryptos are pretty damn secure, but when you add the human element onto it, it becomes pretty much vulnerable, too.

And again, Cryptos rise/fall every second, but the chances of rising is higher

That's why Bitcoin of $10 today can turn $14 in 14days time but your $10 in the bank will reduce to $9 after bank charges

So a time will come when everyone wouldn't want to be cheated again by the banking system and would move to using Cryptos for Saving money and other transactions.

This may only be the reason why people are trying to close in to the crypto space in an accelerated pace. The rewards and the profits that they are getting from crypto is unmatched no matter which asset class you compare it to.
20  Economy / Economics / Re: What are common arguments for Bitcoin? on: October 13, 2021, 10:59:03 PM
New investors should know that bitcoin isn't a get-rich-quick scheme like other videos, write-ups, and articles are portraying. It is extremely volatile and may even lead to loss of capital if investors did not do their own research about the matter. It is also crucial for investors to know the situation of cryptocurrencies in their countries before deciding to invest and shelling out some money, as there are countries wherein the use, purchase, and trading of bitcoin is frowned upon and can sometimes lead to imprisonment.
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