The problems of the poor far outweigh the issues that the rich has over their extravagant and little lives. For the most part, they don't have to worry about dying of starvation and being homeless which are pretty massive issues for the poor. Once those are solved we can pretty much rely on these people to be functioning members of the society that could help enhance the workforce of any country on the planet. For instance, in the US alone, the fact that they have millions of homeless people on the streets just waiting to get that big break they deserve so they can turn their lives around is enough of a motivation for any legislator with half a brain and a heart for these people to pass laws that encourage them to get back on their feet and recover with the government's help.

Pretty sure that if space mining does happen it's going to be privatized like regular in-earth mining, with only the "financially-capable" being able to take this venture and monopolies/oligarchies taking over the industry. So regardless if we found asteroids with billions of dollars in gold or whatever precious metal there is, It's not going to actually affect the price of these commodities since these private companies would do whatever they can on their end to stop the supply from diluting its value.

Or we can be optimistic and suppose that the introduction of more stuff's going to inflate the value of commodities like gold like crazy that no efforts can be made to up turn it, making gold easily accessible to everyone. Personally I'd choose the former even though it's a little dystopic since at the very least, it's not going to affect the investments of those people who have bought gold, or whatever precious commodity they are holding.

I don't think they "misunderstand" the power of bitcoin and the blockchain, it's just that when it comes to regulating these two things, it's going to be a massive ordeal for the government to deal with. So instead of dealing with the legal gymnastics and the problems that it would ensue, they just resort to banning cryptocurrencies or at least (as in the case with US) those they deem to be "unregulated securities" like altcoins and stuff. They know how powerful bitcoin is as a financial tool, it's plain to see after all when every bull run you see people pulling up in their lambos and whatnot, it's just that besides the fact that banks abhor cryptocurrencies, they also couldn't find a legal middle ground between regulation and decentralization.

One possibility that could lead to this dream of many (for bitcoin to be a bona fide payment system) is for bitcoin to fall in relevance as a store of value, which couldn't happen without the fall of the cryptocurrency industry unless a more capable currency takes it place in the top spot. Once that happens people will generally flock upon a coin for what it's really intended to be used for, which in this case is to process payments peerlessly. I don't think giving bitcoin "enough time" so to speak is going to cause this upturn from happening, it may even drive the store of value aspect even further which will make it even harder for people to realize it could also be used for payments.

I don't think this kind of comparison is fair. Real estate caters to a different type of investor, and so does crypto. If you want instant gratification (relatively cause at the very least in crypto you get faster turnups to your profit) you go for crypto. If you want to get paid in dividends and consistently you can choose real estate. besides, you can also choose both these ventures at the same time and I would actually recommend investing in both these ventures, diversify your assets basically.

I wouldn't say I prefer both, but if I were forced to take a choice between the two, crypto will be it.

So what are we proposing the victims do should they experience hackings and scammings? Scoff it off and just move on? What if it's massive amounts of money we're talking about, like money that could pay off a mortgage or something, do we still tell them to man up and move on since "they're more likely to spend more money looking for the hacker and the money that was stolen from them rather than just moving on and working to earn that money back? Isn't that a little defeatist and at best even promotive of the heinous acts these hackers do on the daily?

Just cause our current system's crap doesn't mean we can't have people who deserve it be given the access to it, sure there are false positives and all that, but at the end of the day the more we use it the more propensity for improvement. If we keep throwing crap at it without giving it a spin first, how will we get to the point that we're eager to achieve?

Crypto surely had its ups from the past and we're now proud enough to say that it's got its own economy now, but on that note I wouldn't be so hasty as to say that the whole world is now being powered by cryptocurrencies, especially since crypto is still massively dependent on its speculative nature for survival. I say that at best, we have gotten from being a measly asset that is dismissed by many to a trillion-dollar industry that's able to change the lives of many people around the world in one way or another. It's great enough as it is and we're sure to experience even more amazing things in the future. But let's stay grounded for now and remain humble despite the constant successes, we're still at the few laps of the bear season after all and we're not even sure how long this will go for.

I see the intent and I am pretty much agreeing with it. You can only do so much work in your end after all, and knowledge will at one point be more vital than the effort that you're putting into. In any case, I do hope that at the very least, you get your info/knowledge from reliable sources. Insights and first-hand experiences are good and all but they are nothing especially against an expert opinion. So I say instead of using this forum as your beacon of knowledge, find a local successful person, it could be anyone, your parents, someone from your friend group, a previous colleague or teacher, whatever the craft. Just ask them how they did things, and act as their apprentice even if the situation calls for it.

You're right about that. But more often than not these large scale companies have safety features and contingencies that would keep them from drowning especially during precarious situations. Plus small companies are more prone to committing rookie mistakes in the business world so this post goes out to everyone who's trying to become an entrepreneur thinking it would all be rainbows and sunshines when the fact couldn't be any more different.

Small or Large business risks and problems come, but large companies has their safety nets to support them when shit hits the fan and they lose their footing. To small scale businesses these kinds of mistakes are something they just can't afford to commit, which makes this all the more important to them.

Actively joked about buying twitter, when the executives are calling him out of his bullcrap he flinched, but they pressed on and even attempted legal charges against him which forced him to buy Twitter. Tried so hard to make money off of his most stupid purchase ever, that he started charging people for something that was exclusive and free back then which caused utter turmoil and chaos from fake accounts trolling the whole platform. When things died down he went ahead and made yet another stupid decision by rebranding twitter to X all because of his "X" obsession back in the days of Paypal and cause he's suffering from midlife crisis, which tanked the twitter valuation making it even more impossible for him to sell twitter should he decide to.

He basically trolled himself all because he wanted to look cool on the internet.

Rule of thumb is to always trickle down your successes into other things. So when bull runs come around I don't just focus on my crypto winnings. Just last bull run I was able to buy a few housing units that I'm planning to rent out for passive income. The thing about crypto is that when it rains, it pours, so it's best to get all the basins you can get and fill them up so you can prepare for the dry seasons. In any case there's no shame in not pushing for "diversified" investments especially if you're just starting and you're pretty much unaware of how the rest of the investment world works, but over time you'd come to realize that making sure you have all your eggs in their own different baskets is best.

If you're considering Stablecoins, why not crypto itself?

The point of holding assets is to successfully achieve two things: to earn profits from its ever-increasing value, or to prevent the devaluation of your wealth by holding valuable assets that stand the tests of time. Holding any form of currency for that matter is not going to provide you profit nor the security you need for the future. And much worse, you're basically betting on your failure especially during economic crises, where fiat is the first to fall in value out of all commodities out there. Only thing you really got going for stablecoins is that you can stake it for consistent money, but none of that's going to matter when your stablecoin/dollar becomes bed stuffing right?

With how things are going, budgeting will not cut it alone. You literally have to get a second job if you want to live comfortably. There's a fine line between budgeting, and pushing yourself to be frugal and a cheapskate at the expense of your well-being just so you have money to spend tomorrow. In my opinion, aside from budgeting you should also be able to take up another income stream and not just focus on the one that you have right now no matter how much they are paying you. The moment you fall for complacency, your lifestyle is sure to sacrifice. And I don't know about you but there's logic behind not relenting on the push for frugality amidst an economic crisis.

The economy won't adjust to your lifestyle.

Just cause we're living in more advanced times doesn't necessarily mean we're in the clear in stuff like these. The fact that we're even talking about the possibility and the apparent proximity of an economic collapse is testament enough that we're aware it would happen some time in the future, it's just a matter of how. Sure it could be averted by employing more humane approaches to this economic struggle, but we're living in a dog eat dog world and the ones at the upper echelon would much rather see the world burn than be part of the solution in exchange for their vast riches. That's just the reality of things.

It for sure did. In the Philippines stuff doesn't usually cost much compared to the rest of the world, but since the newly-seated president's regime we're slowly getting fucked in the prices here. Rice which is a staple food of many in my country have become so expensive people at the highest seat of power are already looking for alternatives, while the rest are pointing fingers as to whom to blame for the lack of action. Groceries and food items continuously shoot up in prices, at some point even along the levels of countries like the US while we're getting paid peanuts here.

Altogether things are not looking so good for everyone. We can't really hope for change here since the people that were appointed by the stupefied masses are no-goods and lazy-asses who only see the presidency as a newfound way to steal money from the people.

That’s an optimist’s way of thinking my friend. You’ll be surprised to realize how much of these things you’re envisioning end up falling down the gutter later on. Not here to hate on bitcoin or anything since after all, I started from nothing and gained a lot from bitcoin too, but as someone who’s experienced the best highs and the worst lows in here, I’d much rather suggest for OP to look for a steady income stream like a job or something rather than pooling his efforts into bitcoin for the sole purpose of providing his family’s Basic needs. It’s dangerous and at worst you’ll literally starve.

Much like what happens in countries like bangladesh or something. People in there aren't particularly aware nor supportive of bitcoin in the first place, but the fear of the government lead them to inadvertently steer people into becoming curious of what bitcoin really is and in turn invest in it. Stupid if you think about it but sometimes governments really do this for some ulterior motive. Some of them are trying to fish out bad actors who are more likely to use bitcoins to transact in private, some countries I think are banning bitcoin and then holding the people curious about it, so they could use bitcoin to jumpstart their economy altogether when they lift the ban. It's all a meticulous game of cat and mouse if I do say so myself.

Mixers in the past have been used alright, but the cooperation that current mixers offer to prevent money laundering and the birdbath of ill-gotten crypto has led to them becoming more of a deterrent to money laundering than something that promotes it. exchanges and mixers are in contact with each other and in a simple email, these exchanges could warn every mixer out there to freeze assets from bitcoins/cryptocurrencies coming from particular addresses. Which could easily thwart the plans of these people from the get-go and even lead to the return of the money they stole from the ones they took it from.

pretty much followed the same story as you had. I was a high school student back then too with nothing but my wits to my name. I stumbled upon this website in a whim and from then on, things started to change for me. I became affluent enough to support myself and my family (mom and dad), even went so far as to have enough money for my other investments and help other people get into bitcoin and crypto too once I felt confident about imparting the knowledge I gathered over the years. To me bitcoin is a great financial weapon in one way or another that could level the playing field between the rich and the average middle-income earner, perhaps even the poor ones. But without proper money managemetn and financial literacy I don't think I'll get here, so the "achievements" are still not necessarily just because I relied solely on bitcoin, but also because I came prepared.

For the most part, no. The thing about bitcoin is that, no price point is for certain until you act upon it. With that in mind this means that should you find your lost bitcoins or gain access to them somehow after years of not being able to do so, the only time that you could affect bitcoin's price if the sale was sudden, like a couple of hours or days in between, and the amount of bitcoin you sold's high enough that it causes panic within the industry. Usually not even a few thousand bitcoins being transferred from addresses to addresses cause bitcoin's price to drop, so I'm not so sure how much bitcoins you would really need to sell in order to insinuate a price dump.