I wonder if a small tight knit community could thrive on a bitcoin bartering system.
Instead of trading your communal good and services for cash, commit to using bitcoin to be free from the cash banking industrial complex. Could some smart folks please help extrapolate and evolve this concept?
Thank you kindly,
H.
Recently a micro nation called Liberland was formed with same kind of plan, but did not hear much from them recently. You'll probably not hear from it again. That was yet another clickbait article on some fetishistic dream of a couple rich guys, basically a joke destined to fail. |
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China's bubble bursted, thats what happened. Which along with the government restrictions on BTC, short term view of things etc.. I guess they don't see it worth it anymore. They'll come back when the price bubbles to 2K again don't worry.
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because they don't want to reveal to other countries that your situation is crital, and you're in a bad economic condition, it is a form of shame after all
or simply coincidence
I don't believe in coincidences. Like you said, it's just a political cold war were if you reveal your position, you are automatically in a disadvantageous situation, therefore, it's pretending game until the adversary collapses, which both you and your adversary don't know when that happens. |
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They have to help the ailing Greece no matter of the cost and defend the unity of European area and the value of Euro.
If the troika and the Europan Union really want to help Greece, then there are several ways to do that. For example, they could lower the interest rates, or extend the payment deadlines. I am not even asking them to write-off a part of the Greek debt. Just give them a little bit of breathing space, by extending the timeline. The thing is there is not enough time in the universe for the payment deadline to be stretched enough for it to allow Greece (or any of the countries that will be in the same situation relatively soon) to pay for the debt. The debt is non-payable. We are watching a circus but instead of clowns we have pretentious bankers with nice suits. They are just killing time for the inevitable: a debt relief. |
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It will have to happen to ALL currencies eventually (except one, guess what that currency is? begins with a B). That's the destiny of every single form of money out there that hasn't adapted yet to the new blockchain paradigm. Has your local government upgraded their deprecated fiat currency? then look for a new Zimbabwean community to pop up near you soon.
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for some guys, which are heavily invested and involved, betted everything possible to crypto and lurking whole day on crypto webs, reading all articles, running rigs...
religion is not maybe the precise word to describe their relation to crypto, but in some way is may become true..at least I can imagine it. if somebody is fanatic to something, it may become religion for sure.
It is obvious that one of the main keys for a crypto (or for any currency) to succeed is network effect, thats why Bitcoin is #1 and likely will not change anytime soon. Network effect is basically trust.. and so therein lies a sense of belief into it. You believe that Bitcoin will turn out a massive success. In this sense you could say it is a religion, but is based on fact and math unlike the rest of the ones (including fiat). |
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Correct me if im wrong, but that basically sounds like a button that automatically sells or buys at market price?
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hello,
I like to know where I can create a secure bitcoin wallet where I can keep my bitcoins for years, when I see websites that offer bitcoin wallet, I fear that one day the site no longer exists, and I lose all my bitcoins.
thanks.
If you are this paranoid, it's simple, don't use an online wallet. I wouldn't trust even blockchain.info if I wanted to hold long term. Always get a local wallet, or get your private keys printed in a QR. |
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Because cryptocurrency isn't relevant enough for global finance.
Right now it doesn't need to be relevant to the whole globe, just a few million more people who have had enough of their savings seized or their fiat purchasing power diluted. Also, I feel sorry for the Chinese retail investors. They don't realize it yet, but they are the unwitting participants in their government's attempt at a 'bail in' using their domestic stock market as the vehicle. They will all soon be holding very heavy bags of way overvalued Chinese stock, that will begin a multi-year descent, and probably won't see a rise again for 7+ years or possibly a decade or more. Not necessary a few million people, it only takes a handful of fiat whales to deposit their stuff on Bitcoin to drive the price nuts. Unfortunately, I don't see it happening any time soon. We are still the mega pioneers, it will take a couple years more. |
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The problem is Greece had too many rich tax evaders and greedy politicians in both PASOK and the New Democracy party and the loas Greece was borrowing were high interest loans which Germany is making a huge profit from, yet war reparations have not been paid back to Greece.
If all the money hidden abroad by the tax evaders are brought back to Greece, that alone would be sufficient to prevent the loan default. But unfortunately, the same nations which are demanding loan payments from Greece (esp. the United Kingdom and Germany) are the ones who are heliping these tax evaders to launder their ill-earned money. The idea that we can end tax evasion and using that surplus of money that would come after evading all of it would save a country delusional at best. The people with the real money is always going to be able to move their money outside the country and store it wherever they want. The only way to stop tax evasion among the ones that should be paying the most (the mega rich) is by establishing a global tax so there's nowhere to hide, but that is again an utopia. |
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It all depends on how much leverage hedge funds and others may have wrapped up in those 'wrong side of the trade' deals. I haven't heard anyone talk about or give a number about how levered anyone is to any trades around Greece.
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Hey guys. I currently have a little over 2btc at my disposal. I was wondering what the safest and best way to flip that into 4btc, and the 4btc into 8btc, etc. I really want to save up for a powerful ASIC, and am stumped as to how to turn this into more. I've tried exchanges, but end up losing more than I gain. Im looking for a solid and sure way to make coin off of what I have currently. Thanks!
Hold your bitcoin and trading is the best way I think. Don't gamble except you're lucky guy ever  If you want to get rich in a single day go for GAMBLING!!! What are you waiting for??  It is Do or Die and why to Die without taking chances DO it and who knows you might grab the jackpot and you are through.. The best way to do gambling is limit your monthly losses so you never go on a serious loss. Gambling can be way too addictive. I only use 1 BTC for gambling, (not all at once, with small gambles) to not go bankrupt. |
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It's always good news when more and more stuff can be bought with Bitcoins. Now all I need is a mainstream movie that's worth paying for. Will keep waiting.
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I would rather trust people that are deeply knowledgeable on the Bitcoin code, not sure if people that run mines are qualified enough to make big claims about this, unless they hired people that know what they are doing.
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Answer to OP now is the best time to sell for you. Seems to me every response you have given so far indicates you don't believe in your investment so why hold any longer?
Some people seem that want everything. They want the instant gratification and convince themselves Bitcoin is dead, but in the back of their minds they know they are making a stupid move by cashing out all of their Bitcoins because anyone with half a brain knows BTC will be worth 10.000+ in the next 10 years. |
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For anyone that is here for the long term, this is the best period ever (post ATH). Back in the day it would have been impossible for me to own more than 1 BTC, right now it's very doable. Everyday that the price is still stuck on the low 200's is celebration day.
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It's hilarious that people still think you would just need one or two bitcoin to get rich soon lol.
20 years, not soon. 20 years is a long ass time. Who is going to realistically hold that long? Me. Because even if im tempted to sell some of my BTC to enjoy my gains a bit, im never going to spend more than what i've stablished myself to be the limit, which is X BTC (for example, 4). That means only when I have BTC above 4, i'll sell some, but I want to have always a base of some BTC that will be there for at least a decade. |
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The only, truly safe, "investment" is signature campaigns. I guess you are technically working for them.  Other than that other options are providing escrow or investing in projects you believe in. There is also day trading, cloud mining, and investing in an online casino. The possibilities are sorta listed in order of what I feel are safeish. Signature campaings aren't really an investment. Sure, you are investing time, but that's more like a regular job if anything. Also, it pays peanuts, realistically is just a small extra. I don't think i've ever done more than like 10 post in a day. It's just not worth the time spending too much time on this beyond regular posting, it doesn't pay enough, but like I said before, it beats posting and getting nothing, since I would still post some anyway. |
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Screw them. They're bunch of puppets of the classical finance system.
This is Bitcoin man! We're gonna take down your regulated finance system by pigs and rip it apart!
Thats right, we shouldn't care what they have to say about it. We just do us and they do them. With hard work and dedication we can achieve success. Keep supporting BTC no matter what, no matter if you are pro 1MB, pro 20MB or whatever fork, just support BTC in any way possible, and history will prove us right. |
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Switching to XT is like a vote to show your support for raising the blocksize limit. It's not madatory, it is entirely your choice. If and when the fork is scheduled, you would need to switch to use your coins. There is no date set for the fork and your are safe using either one now.
If you have pre fork coins in your own wallet you have bitcoin and xtcoin after the fork. You never have to switch you just can use both. While I believe you are technically corect, I think that what you're describing, Sho, sounds like a worst case scenario imo. I'm certainly hoping that the world doesn't end up with bitcoin and xtcoin existing independently---I think it'd be a marketing disaster for us. Which one is Overstock.com gonna take when I want to buy something, for example? What kinds of mess would that cause. There are several problems with this and I hope it does not come to this, but as users we have a choice and most importantly can just sit out the storm or even move to an alt for the time beeing. Those of us with full nodes on proper servers might have somewhat of a vote, but I doubt thats the deciding factor. The big questions are #1 which coin do the merchants accept (usefullness), #2 which coin do the exchanges accept (exchangeability to fiat and other currencies) and #3 which coin do the miners accept (network security). The coin that gets all of them will win eventually, the biggest problems will arise if no coin can get a majority in either group or even worse can e.g. get a majority of the merchants, but not a majority of the miners. What good is a widely acceped coin that can easily be attacked by a large pool of "another" coin? Even worse these two coins battle for the same historical blockchain. Someone recently described this not as a simple Y fork with two chains, but as a hydra with multiple chains poping up. Every orphaned block potentially creating another chain. This potential clusterfuck is why I hope the issue at hand can be solved calmly and without putting foots down. In theory there is no clusterfuck scenareo since the fork only happens when super consensus is reached. Until then, both coins are technically the same and therefore accepted everywhere. |
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