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According to the news the MP decided it would be a good idea to make bitcoins legal tender back in November, starting of the month. But we have not yet received anything regarding that matter which does mean that, it's not that solid right now.
It would not need just one MP but many taking the vote therefore we can just hope. But then again the parliament member decided that it would be a good idea to do it in 2022 which does mean that we have to still wait a lot.
What we can see is that small countries are more accepting towards cryptocurrencies like bitcoins. Big countries, I doubt it. US was already taking major hits and UK is also bothered about the Bitcoin gambling sites corrupting the politicians. I do think it would make a major impact once most of the countries do that, especially the strong ones. I think Ukraine must be close to thinking about it in that direction as well.
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It's not just investing.
Investing is a luxury which most students or people with humble background cannot afford always but for me these are the following things that I did with Bitcoins:
1. Earned through campaigns
Which is an excellent opportunity to know and work with new companies and people as well
2. Expanded my business
I used to ask people to pay in Bitcoins, but right now since it's the last 2.5 year of my medical university I have to focus therefore I would get back on that after I have time.
3. I also invested a lot during the low and overtime I had 0.1 which I sold to pay for my university fee.
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Sunday 12th of December is one you should not miss, for the main event Charles Oliveira Vs Dustin Poirier,. Oliver's ofc have the ground game advantage but after his last fight with Michael, he can definately show his skills to knock out a violent man. Poirier on the other hand has earned this fight. His boxing technique is not to be overlooked, I expect a martial arts exhibition.
Returning to the octagon, Amanda facing her new opponent Pena, Amanda will obviously destroy Pena just like her other opponents.
Finally the fight of the night, I predict Shawn O' Mally will have a classic walk off finish.
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In 2009, the first cryptocurrency -Bitcoin-, officially launched and since then has continued to roll into a snowball effect that poses a serious threat to the existence of conventional finance. As much money as the restless World Central Bank, the government seems helpless and dragged into the vortex of the evolution of the world's financial system. The Covid-19 pandemic has become a catalyst for forcing the entry of all financial and banking industry sectors into the digitalization era. Imagine a concept of a world without physical currency. It is strange, but real. Money will be removed and replaced with a digital currency system. https://www.ithb.ac.id/en/article/Cryptocurrency:-Masa-Depan-Keuangan-Tatanan-Dunia-Baru--311. The launch cannot be said it was official perse since it was not until the price spike that it was recognized all around the world, by the governments as well. 2. It does not serve as a threat to the existence of non-conventional finances since at the end of the day, it works hand in hand with most banks, trading and converting it into fiat is very essential. 3. They are the future of the finance only when integrated with the traditional system and with the support of the government and people alike They are giving people financial freedom and stability which most traditional assets fail to provide during pandemic. 4. They should not be seen as a threat but rather an upgrade!! This is just my thinking. |
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Funny part is : However, Wright was ordered to pay $100 million in compensatory damages over a breach in intellectual property rights related to W&K Info Defense Research LLC, a joint venture between the two men. That money will go to W&K directly, rather than to the Kleiman estate. -taken from the article you mentioned The guy did not win the title of Satoshi ofcourse but he did win the whole case, but I won't say whole but partial perse since he still has to pay money. Journalists have no idea about the whole bitcoin community perse and at the same time sometimes people might pay them to make such statements. We all know that the man is not Satoshi ofcourse but at the same time I have also seen these FUD's stirring around and the articles calling him Satoshi as well. -Not his keys!! Not his Coins!! |
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There are various traditions perse in different countries. When you talk about countries like the UK there are some sites which only receives the payment through *credit cards* which does mean that credit cards there are taken *super essential*. People also take credit cards with 0% interests making it harder for them to understand the fact that they are just getting trapped in the whole cycle of debt. With massive student loans as well it's a hard talk for the younger generation to get out of.
When we are talking about bitcoins. There are new lending services available now, these lending services gives people the possibility to have some bitcoins to trade which I do think is not a good idea. Bitcoins would not work well on this lending platform. Since :
- the volatility would make the initial owners panic in times of market crashes, which would be harder to solve now.
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A very interesting concept by Draftfuel and Discover, which I would like to discuss here: Fine tech startup Draftfuel apparently launched an app and prepaid card product to tackle problem gambling, especially against the novice, the first time gamblers. They are going to set up financial guardrails for the new players which means that : They would be analyzing the whole spending, keeping track of the players, spendings / change/ savings, then generate data that the player can use at the end of the day and that would mean that users can not only put preexisting debit cards or credit cards but that app would monitor it and give them a value that they can spend guilt free. What do you think about such innovation? https://www.gamblinginsider.com/news/14138/payments-start-up-draftfuel-reveals-financial-guardrails-to-encourage-responsible-gambling |
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The reason why I do not worry about the dips at all are:
- Volatility is the nature of Bitcoins
- we have already seen the highest price that bitcoins can climb as a whole which leaves us with this huge opportunity of growth
- growth of Bitcoins as a whole would definitely go up since the current economic system is crashing down and we do not have much resources during the pandemic to invest in.
- major countries and companies have now accepted bitcoins or they are moving towards accepting them which does mean that in the future we might see much more + ups.
That's why during the dips, it's all about your patience.
Getting FUD's ,getting influenced by news around you won't do you much good. Therefore I do think for me it's in general an amazing asset.
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If I die (let's be honest, that will probably happen), would my wife or family get my coins? What if they don't know my passwords/private key?
Some wallets like : Zebpay they do have a whole section dedicated to such things. Apparently you can add a nominee to your wallet, you do not have to share anything with them for the time being but after you die they would be the holders of that particular wallet and can do anything with it as well. Some people use private services like : Lawyers and such for paper wallets and at the same time this is not only trustable for some but you can make a whole contract as well and file documents in court. Well this is complicated for sure, but I would advise you to look into your wallet and see if they offer such services and if they do then you should definately add someone there. Someone you trust. |
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The game of dice has often been seen as the game of luck which makes many players depend on luck rather than developing skills that can aid their constant winning so am curious to know what are your collection of best dice techniques that have helped you in winning the game of dice.
For me I always use dice games which have the possibility of changing the percentage which you wanna bet in, generally I reduce the risk to around 70% -60% and play per dollar in the starting and whenever I loose in a straight streak I generally reload and everything. It's a game of luck to be honest which does mean that no matter what you are going to be doing you won't be able to predict. Plus in some sites it's not just over 50 or under 50, they also considered at 50. So most of that times it's the choice of the site as well, you have to look through various sites and at the same time make sure that you are not using a huge amount at once. |
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Is there any change to bitcoin (or bitcoin style crypto) that would make fractional reserve banking or something else, impossible or harder to exist?
What I can think of is the volatility and the asset it is valued against. If Bitcoin is operated as an asset which is calculated simply on its value, then a fractional reserve system could work, as money loaned in Bitcoin would be payable in Bitcoin. So if Mr A deposits 1.5 BTC, and the bank keeps 0.3 BTC, while lending out the remainder to Mr B, who is expected to repay the 1.2 BTC as well as the interest on it. Volatility would not be a factor as the value is of itself. As some example, would Demurrage make it harder to happen?
As a scenario, how do you imagine demurrage can affect its usability? I don't think that we can use the same thing with Bitcoins. Fractional reserve banking might be hard if we are just considering bitcoins, since at the end of the day we have to understand the fact that, bitcoins as a whole are volatile and lending through 3rd parties can cause initial owners to have probelms since they might have to sell instantly because of market fluctuations. How do they decide to do that then ? Stock market, exchanges nothing predicted any pandemic, but we are living one and everything went very down which does mean that, even if the exchanges hold billions of dollars it would be nearly impossible to achieve stability due to the volatile nature. Fractional reserve banking might only work for fiat. With Bitcoins it might be a disaster in making. Just my thoughts~ P.S. but there are many exchanges which ask the bitcoin owners to lend their coins through them |
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I feel like with Bitcoins there are no negative or side effects, the whole thing just depends on the person who is using it. The security, volatility, possibilities of usage of cryptocurrencies is all dependent on us and therefore we cannot blame bitcoins perse.
When we talk about government printing money. The economic impact that it would have on the lives of other people, it's undeniably important to consider it for sure but at the same time getting security in regards to having cryptocurrencies like bitcoins is something not everyone has the access to.
Only some people of the middle class or the rich class can afford to invest in cryptocurrencies, therefore I do feel that we cannot just shrug off the importance of governmental bodies. I feel cryptocurrencies might give them quite a scare about loosing the investors and thus they invented CBDC's, when they should be focusing on what's important right now.
We have a new variant and it's a Virus, we are going to have many more variants for sure, what if things go worse ? Governments doesn't even have a backup plan now. That's why investing in Bitcoin and other cryptocurrencies should be taken as a luxury since we have something that can help us during this situation.
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After some research, 1XBET was founded on 2011 while 1XBIT had numerous scam accusations against the company. But what @passwordnow mentioned, those two (2) gambling sites have a questionable reputation in the forum- so better avoid it if you plan on betting on those websites.
Yes. 1XBit has a very bad reputation on the forum and the people who represent them are all red tagged and have flags against them. 1XBet is not so well known but you can't trust them either: At the same time I do not understand why they are still allowed to advertise on the forum, their accounts are tagged and they are getting paid more to advertise and I remember warnings already being made about anyone getting involved with them. -I do not think that the Indonesian YouTuber might be able to take the money out as well, even if he did then does not matter it does not make the site any safer. These two sites might not be related but as the person above said that they both are owned by same company means they might have been trying to rebrand the whole company. It's better to be safe than sorry and to stay away from the site. There is a reason why red tags are there. |
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That's extremely shocking. For me the time is not really good for gambling right now and therefore I cannot even wager that much money. When it comes to sports gambling I generally take advice from my family and friends as well because some of them knows it better than me hands down but never have I ever had this much success. That's golden!
You need to save up your money as well and take care of it. Do not gamble, you have a lot of opportunities in front of you right now but just saying it's not really safe to publish your winnings or your money that you might have publicly since some people might try and target you therefore I hope you do make sure that the money is safe and in your account or somewhere in ledger.
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As I widen my quest for knowledge on Bitcoin and the entire blockchain network, I discovered that Bitcoin has destroyed the rule of the third party. Transactions have been made easy my personal experience made me discover that Bitcoin is the perfect payment gateway for companies and business for flexible payments across borders.
It's generally hard for me to send money or recieve money overseas since my family and my boyfriend both are living in different countries as well. So from my personal experience, I usually try and use Bitcoins as a method of payment or as a method of transfer if I have to. The reasons are as follows : 1. It's takes less time as compared to other international bank transfers 2. You don't have to pay excessive fee 3. You can also do lightning, transactions which might be instant or even choose priority one's from the segWit. 4. You don't need any third parties and you don't have to pay exchange rates of the banks as well It generally takes like 3 hours for a normal transaction and when we are talking about using banks, it would generally take around 2-3 days, sometimes it will bounce back as well which is quite annoying n |
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Most of the times people have to invest in their education before they can actually learn a new skill since most of the times people take only degrees seriously. The companies most of the times need people to have a specific requirements, which does mean that even if you do have experience and skills, you still pay for it. Therefore you have to invest not only in yourself but also see where you are doing it, choose a good platform, you can also try platforms like : edX where you still pay for the certificates tho but many free courses are available there.
- research
- choose a nice course
- get good experience
- invest in a degree
- get internships
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I reside in a country where the rate of inflation is high with a corrupted political system and tenures that have stolen the collective wealth of the nation and have crippled the economy, a high percentage of unemployed graduates who have in the last few years discovered blockchain and have gotten involved in Bitcoin activities such as trading and investments. Indeed Bitcoin has given us the economic power to overcome the crashing economy of many nations. 100% economic independent.
Most of the times these corrupt national leaders do realize this and then they try and ban bitcoins and other cryptocurrencies so that people would be forced to use their economic structure. At the same time sometimes they use CBDC's to give people an unfair option against bitcoins and other cryptocurrencies. These Nations do realize that bitcoins would take away their financial control so therefore they don't even let it grow that much. -I do think that the only way bitcoins and cryptocurrencies can work in a favourable state for the people would be when : -they get support from the government -they get support from the people as well -Banks are working with cryptocurrencies in a professional manner and not banning them every second day There is something called financial freedom and privacy, unfortunately the second one people can't achieve that easily because KYC is always mandatory but at least the government authorities needs to provide support for new technologies which are here to stay. |
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Some sites might provide you free spins if you are a regular customer or if you are using a lot of money on their site.
Some sites on the other hand provide free spins for the new customers joining the sites.
Some sites provide like free spins every once in a while you can always follow their Instagram page and get the bonuses.
Therefore both these terms are really same for some sites but different for the others therefore it's all on your site where you playing.
Most often the new sites will offer you such things and even put promotions like blackjack.fun had free tablets where players could join but you needed to have at least one transaction coming in.
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Banks won't disappear anytime soon because people don't like change very much and it takes time to force any kind of lasting change in society.
Some people say that traditional banks will disappear due to the emergence of cryptocurrencies because it gives consumers another option when they need financial assistance; however, I think this is unfounded speculation.
Banks are an essential component and I do think this is something that most people do realize already. Cryptocurrencies are something very different than the whole banking system and therefore one cannot compare these two things at any point of time. -Most people are struggling with normal things like internet and mobile phones, old people being completely dependent on traditional systems, people living in places where even water is scarce, if everything disappeared, banks, fiat they won't be able to function. They are very essential for the local businesses and also for many countries cryptocurrencies are not even considered important or are not even legal, therefore the whole economic system will take a turn for them. -they need to integrate themselves with cryptocurrencies and make things easier for users. That would be better than them disappearing. |
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1. Use YouTube videos to educate him it's really interesting and some people I found did make a lot of things very easy
2. There are many courses as well available online for Bitcoins therefore it might help you out, if he is able to understand them as well
3. There are companies offering courses for kids!! Here in Ukraine parents generally sends their kids to such schools where they are professionally taught about bitcoins and other cryptocurrencies which I always find interesting.
4. He can also own his own NFT launch and even try and make something that can hold a value, it might not be successful but it would be worth the whole experience.
5. He should definitely study about the El Salvador and how they are planning to make the whole economy more consistent with Bitcoins and other cryptocurrencies.
6. Using renewable sources of energy with Bitcoin mining is a big plus as well. Teach him about that would be cool!
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