Bitcoin Forum
April 27, 2024, 02:45:34 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 [71] 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 ... 220 »
1401  Economy / Economics / Re: How will Bitcoin behave in the approaching crisis? on: February 10, 2022, 07:08:08 PM
Bitcoin will crash along with the market, historical trends have painted the same picture so I don't see a reason to believe why it would be any different. I'd expect the recovery to outperform all the other markets because of the unstable currencies that are backed behind other markets. The inflation crisis is what will eventually cause the collapse, so it may push for mass adoption if people are smart.
1402  Other / Politics & Society / Re: FBI decrypting files from Bitfinex hack on: February 10, 2022, 01:01:25 AM
This is the women's twitter account: https://twitter.com/HeatherReyhan


Frankly she should have been arrested for her twitter account alone, with her husband along as a co-conspirator.

File it under crimes against humanity. You can find her TikTok account, it's even worse.

These folks aren't the geniuses behind the hack from what I'm reading, but eventually the hacked coins were sent to them. Makes sense, I don't suspect these folks have the brain cells to boil water.
1403  Other / Politics & Society / Re: Is the world safe from the threat of the corona virus? on: February 09, 2022, 09:05:29 PM
https://www.nytimes.com/2022/02/09/nyregion/hochul-mask-mandate-ny.html

2 years later, far left localities and states finally decide that the "science" has changed and mask mandates magically should be lifted. According to the NYT, over 2k are still dying a day from COVID. No science changed, only the politics. At least these people finally recognize that their COVID derangement and seeking of tyrannical power hasn't ever aligned with any science, only their personal feelings. Yet, their presumptuous victory of defeating COVID, despite the high death rate, will still be displayed by the media and democratic allies.
1404  Other / Politics & Society / Re: Vaccine Passports on: February 09, 2022, 05:42:39 PM
Vaccine passports were never proposed with rationality. You had a few loony politicians that followed politically charged "science" and believed that separating vaccinated and unvaccinated individuals was the way you kept people safe, and therefore it was required that you show proof of vaccination in order to be properly segregated. Now that omicron spreads like wildfire, most rational countries have shot down the vaccine passport because they recognize that even vaccinated individuals spread the virus, and for those unvaccinated, natural immunity provides just as much protection, if not more.

Even in the places that tried vaccine passports, I've yet to see any evidence that it's slowed down the spread of Covid. It's merely to make the mentally fragile feel better. It's not enough for them to be vaccinated, but they must demand everyone around them should be vaccinated for their own protection. Very selfish.
1405  Other / Politics & Society / Re: US Debt Rate rose to $30 Trillion on: February 08, 2022, 09:28:22 PM
Debt isn't actually a bad thing, it's only a bad thing when economic growth isn't enough to pay back the debt.

When you're a business and you take a loan out, you start at less than zero with the debt of the loan amount. Of course, not every business is under water. The geniuses at the federal reserve can't seem to adjust their quantitative easing strategy well enough to prevent inflation, and the U.S. politicians are having a tough time growing the economy to handle all the debt. So their answer is to raise taxes, (and probably target crypto at some point for every extra ounce of revenue they can squeeze). What they won't actually stop is their spending. Like an unhealthy relationship with a credit card.
1406  Other / Politics & Society / Re: Why russia wants to invade ukraine? on: February 08, 2022, 03:40:20 PM
Good summation. I'd only add that Ukraine was previously part of the USSR, so the argument for an invasion (albeit complete nonsense) is the idea that Russia and Ukraine should be reunited. None of that would really matter had it not been for the strategic military alliance of Ukraine and the west, so Putin sees that as a problem by his own account. Had none of these NATO talks by Ukraine reached a climax, we wouldn't see Putin be so eager.
1407  Other / Politics & Society / Re: Can supplements be bad for you? on: February 06, 2022, 11:31:32 PM
There isn't a need to supplement unless you're undernourished or malnourished. Supplements won't be bad for you unless you over do it. At most, you get no benefit.
1408  Other / Politics & Society / Re: Fight against corruption on: February 06, 2022, 05:25:58 AM
Let's ask Mexico this important question.

https://www.cnn.com/2021/05/30/americas/mexico-political-killings-intl/index.html

There is a running list of politicians that have been assassinated by drug cartels. These criminal organizations make up law enforcement and the government, and will stop any bright eyed politician who wants to invoke change by murdering them and leaving their body mutilated hanging from an overpass as a message.

A President does not get elected in a corruption riddled system. There are mechanisms in place to prevent those sorts of things from happening, just like in Mexico. Except the mechanism isn't one of governmental resistance, it's just murder. To each his own.
1409  Bitcoin / Bitcoin Discussion / Re: CBDC will make Bitcoin MORE valuable on: February 06, 2022, 01:23:23 AM
So what happens when CBDC's are adopted, and everyone is then dependent on the government to monitor digital pixels that appear on their banking portals, and Bitcoin is then banned by these governments? What happens if the governments won't allow CBDC's to be spent at online exchanges, or be sent to merchants that do business with Bitcoin? It's not a good idea to have your finances tied to an entity that can lock you out on a whim. The strategy for government with CBDC's is to create mass adoption, and then shut out competing crypto currencies.
1410  Other / Politics & Society / Re: Son of Omicron is here. on: February 06, 2022, 12:37:10 AM
I don't think about fighting new virus variants by using vaccines. I am currently thinking of letting my body's immunity naturally fight the new variants of the coronavirus.

Certainly a logical approach considering there is no data on whether boosters would be effective against this new variant. And if this new variant is anything like Omicron, then we know it will cause a mild illness, if any illness at all, in the vast majority of people, vaccinated/previously immune or not. I would not fall for these sort of headlines. SARS-Cov-2 is endemic, and variants will originate and spread in perpetuity. At some point, it's pertinent to just get over it instead of pumping yourself full of vaccines every quarter because of the miniscule chance you end up in the hospital with a severe illness. These variants decrease in virulence over time, so even without being presented with any data, I'd be confident in saying it's unlikely this "Son of Omicron" is any more deadly than what we've seen before.

Cycle of fear and hysteria starts over again...
1411  Economy / Economics / Re: Bitcoin from the economic perspective on: February 05, 2022, 10:53:32 PM
what the government in scared is the decentralization of the financial system.
That question has been answered thousands of times on this forum, so I don't know what else to say for you.

We do not have the power to push governments to adopt a decentralized financial system when they have adhered to a centralized financial system for hundreds of years. They will stick with their assumptions even though they know that whatever they fear from bitcoin will do some good for the economy. It is clear that they will not be easy to make changes, because they also have to conduct an in-depth study of the decentralized financial system. I'll just shut up and enjoy the game.

In a democracy you do, elect a pro-BTC candidate. Bitcoin isn't a priority for most, so this won't happen lacking mass adoption, but there's change people can do. Folks in China have it different, but most European countries and the West have plenty of power to push for decentralization (or at the least, recognition of BTC as a currency).

Most people have just been brainwashed by the central banks thinking that fiat currency is stable, so the issue ignorance, not power.
1412  Other / Politics & Society / Re: Why putin choose winter? on: February 05, 2022, 10:41:44 PM
...

I'm not suggesting Russia is above a fake provocation attack, they're quite embolden to attack Ukraine under the belief that the U.S. or other NATO countries will respond.

But will the US escalate because they want an excuse to start war, is the question. I see no motive, so my guess is no.

Though recall to 2003 when the U.S. promised the world a war in Iraq was justified due to WMD. There were none, and they lied. So I don't believe Russia is operating with good intention, nor does the U.S. have a good track record telling the truth in these matters.
1413  Economy / Economics / Re: India's 30% tax on income from digital asset on: February 05, 2022, 10:52:27 AM
Anyone that understood government overreach saw this coming, this is a ban by proxy, a 30% tax rate is insane.

Legalization of crypto isn't what's up for a discussion in most countries. It's the overregulation and excessive taxation that forces ordinary and institutional users of crypto to divest into other assets and use traditional fiat currency. I've seen people celebrate that a country hasn't banned crypto, citing a rather innocuous attempt of mere "regulation."

This is what regulation looks like, making crypto unattractive as possible with disproportionate tax rates. I can guarantee you India has a significantly lower effective tax rate on capital gains on any other asset. Crypto coincidentally is the odd one out.
1414  Economy / Economics / Re: Apple IOS updates affecting Tech companies earnings on: February 05, 2022, 07:31:22 AM
Tim Cook's been pro-privacy, to the extent any CEO of a massive tech corporation has been pro-privacy, which isn't very much.

I suppose better than nothing, but how long until Apple caves in again and starts selling user data to massive tech companies like Facebook for a share of their revenue? They voluntarily gave up information of their users to be stored in some database somewhere for marketing and tracking, I'm not inclined to they'll be so charitable.

Google does the same thing, by the way. But users readily accept it because they're under the false belief that the search engine is worth it. If you don't pay for the product, you are the product, as they say.
1415  Other / Politics & Society / Re: Facebook Bans American Trucker 'Convoy to DC 2022' Page With 139,000 Followers on: February 05, 2022, 04:28:56 AM
What a surprise (to no one).

Gofundme has banned the 10 million dollar Canadian trucker convoy.

https://www.bbc.com/news/world-us-canada-60267840

Not only this, but you have to fill out a request form in order to get your money back. Some people might not even know the funds are not going to the truckers, and refunds will not be issued automatically. So Gofundme can dump whatever money they want into any organization of their choosing.

They cite reports by the police of violence. I'm certainly confident in Gofundme's ability to assess reports of violence while in search of any excuse to withhold 10 million USD.
1416  Economy / Economics / Re: Are Institutional investors changing the Bitcoin price behaviour? on: February 05, 2022, 01:04:30 AM
Now, we know the Bitcoin price has not been phased much, when Wall Street and global markets have shown movement. These markets are used by large investors that are very trigger happy with the slightest volatility.


I don't think anythings changed that much price strength wise since larger investors came into the bitcoin space.

I think whenever institutions start buying and selling we might see more dramatic volume increases but institutions like to compete with each other so it's likely these will be done over the counter or both executed at the same time so it might just effect the volume.

This couldn't be further from true. The larger players, ie institutional investors could divest from Bitcoin and sink the price because of the lack of mass adoption. Large part of the growth over the last two years were large investment firms and private companies dumping their assets into crypto.

Tesla isn't an institutional financial firm, but to get an idea of their influence, Elon Musk can send one tweet regarding Tesla's bitcoin stockpile, and it would send the price tumbling.


If the financial guys were to all pull out for whatever reason, the impact would be huge.
1417  Other / Politics & Society / Re: Why putin choose winter? on: February 04, 2022, 11:08:59 PM
...

I guess that explains why no one wants to get involved, huh.

Also explains why the US wouldn't mind a war, it isn't their oil on the line. They stopped giving a damn about the economy a long time ago, so that's an issue to put aside.

There was a report that alleges Russia is planning a hoax propaganda video to use as a pretext for an invasion. Video shows Ukraine pre-emptively striking Russia, but of course it is all crisis actors. This comes from the US government, so I'm immediately reminded that they assured the world that Iraq had WMD's. Turns out that was just a lie. Wonder if this report is a lie too.
1418  Other / Politics & Society / Re: Russia Declares it is ready for war with American and European countries on: February 04, 2022, 06:47:32 AM
https://www.nytimes.com/2022/02/03/us/politics/russia-ukraine-invasion-pretext.html

Russia allegedly planning to pretext their invasion using a staged video of an attack by Ukraine on Russian military. This is only according to US intelligence, though British intelligence claim a similar operation was being planned.

Journalists have asked the U.S. for the exact evidence of this intelligence, U.S. officials provided none other than their own words. Sound familiar to WMD's in in '03 with Iraq?
1419  Economy / Economics / Re: Can Government Really Ban Crypto? on: February 04, 2022, 12:31:41 AM
They could, usually through the form of excessive taxation.

It'd be near impossible for them to monitor p2p BTC transactions, so they would work a ban in through economic regulation. They may force you to register any transactions you conduct so they can implement a tax. Bitcoin is treated as property in many places, and therefore the property's value fluctuate. If the government wanted to, they could force you to pay a tax on unrealized gains, merely for holding. Then what happens? Investors dump all their crypto, which accomplishes the same thing as a ban, less usage.

This is a possible way through which government can restrict people from using bitcoin. One such has happened recently in India with a heavy taxation of 30% over the profit out of cryptocurrencies. However I feel that there will be loop holes that let people continue to use cryptocurrencies and generate profit. Maybe we will be restricted much from the bitcoin usage as a legal tender on businesses.

The loopholes are just tax evasion because there's a lack of enforcement. So for the investors that follow the law, I'd hope all of us, any taxes are hinderance to using crypto. And that's all that's needed.

Once you kick out major financial players of the crypto market, there isn't enough ordinary day-to-day users that would sustain its use. It's why mass adoption is important -- you implement high taxes (or whatever regulation, I use taxes as an example), crypto crashes.

Answer to the original post is yes, absolutely. Even if people manage to dodge the regulations, those folks are few and far between.
1420  Economy / Economics / Re: Can Government Really Ban Crypto? on: February 03, 2022, 11:10:52 PM
They could, usually through the form of excessive taxation.

It'd be near impossible for them to monitor p2p BTC transactions, so they would work a ban in through economic regulation. They may force you to register any transactions you conduct so they can implement a tax. Bitcoin is treated as property in many places, and therefore the property's value fluctuate. If the government wanted to, they could force you to pay a tax on unrealized gains, merely for holding. Then what happens? Investors dump all their crypto, which accomplishes the same thing as a ban, less usage.
Pages: « 1 ... 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 [71] 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 ... 220 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!