Bitcoin is seen as having a value greater than the sum of its parts.
Please PM me. I would try to sell you 1 satoshi for $1k. I see you are a smart guy and see that 1 sat cost much more than its current value. Market is controlled by whales. The more whales we have the less powerful the single one is and less influence on the market whales have. So right now we see that one whale can almost instantly crash the market by -5% so the market is more centralized than we want and it is controlled by whales. I agree with this. While bitcoin itself can't be controlled because as cryptocurrency it is not owned by anybody or any group, it is the trading of bitcoin that is heavily influenced by those who have hoarded the most because any move they do will always have effects on the market. So what do you think are the solutions to lessen the impact of these whales? |
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Crypto and banks in my opinion will not be a solid partner, I mean it's just hardly except the crypto is their own making, but if the crypto is 3rd party, we are talking about the impossible things, however blockchain is different matter, many of corporations consider blockchain for efficiency and many things, I guess blokchain system will be the one that come to acceptance first.
Big bankers may not be seeing the threats posed by cryptocurrency now or maybe they are just good in hiding what they really think inside. I am seeing the possibility that banks or group pf banks would be issuing their own cryptocurrency and I think there is already something like this right now. Cryptocurrency and the banks are strange to each other all because there are properties of banking that the former are also offering and here the control is not anymore with the banks. However, since there is a big potential for cryptocurrency to create profits and wealth, it is quite possible that banks van be involved in the trading of digital assets. |
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The global economy is facing a threat of a spiraling protectionist measures that can lead to a devastating crisis, Vladimir Putin warned. Nations must find a way to prevent this and establish rules on how the economy should work. The Russian president spoke out against the growing trend of using unilateral restrictions to achieve economic advantage, as he addressed guests of the St. Petersburg International Economic Forum (SPIEF) on Friday. The system of multilateral cooperation, which took years to build, is no longer allowed to evolve. It is being broken in a very crude way. Breaking the rules is becoming the new rule, he said. The ability to impose sanctions arbitrarily and with no control fosters a temptation to use such restrictive tools again and again, right and left, in every case, regardless of political loyalty, talks about solidarity, past agreements and long cooperation, he said. https://www.rt.com/businessVery interesting. Putin is outraged that he is not given the opportunity to rob and kill the inhabitants of neighboring states with impunity? He is not allowed to engage in "achieving economic advantages" by military invasion of Georgia, Moldova, Ukraine, which once belonged to the USSR. and now declared their independence? This stupid and irresponsible policy of Putin inevitably leads Russia to an economic and political collapse. Inevitably, it will inevitably have to pay and pay for all the evil, apparently, the people of Russia, who are now mostly silent, will have to pay. I happen to read some articles describing the real face of Putin behind what the man is trying to show to the mainstream media which can easily be mesmerized by a charming and intelligent leader like him. There is something sinister with the man but because he is effective for now in managing the country the people of Russia continue to admire and support him. People and countries who have the "strongman" tendency are all praising Putin and his policies but the time will come when the truths will be revealed. However, we have to give to the man that he can also pronounce honest, frank and even futuristic statements reflective of the current situations around the world. Well, as what I am saying he is quite intelligent. As to the coming crisis, I think we are also sensing it now and it does not have to take a Putin for us to see this emerging development. |
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Do you know that using the current rate of bitcoin against the USA dollar, the smallest denomination of bitcoin, a single Satoshi, is now worth more than some national currencies like:
- Iranian Rial
- Vietnamese Dong
- Indonesian Rupiah
The 1 Satoshi is at USD $0.0000772318 while Iranian Rial is at 0.0000237959 USD, Vietnamese Dong at 0.0000426711 USD and
0.0000700676 USD is for Indonesian Rupiah.
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For me one single most benefit that i got from bitcoin is making money online without going out of home and work with a boss. I can buy and sell in the comfort of my home and make profits while spending time with my family and loved ones.
I am now seeing so many people who are benefited with the coming of bitcoin and hence the entire cryptocurrency industry. Bitcoin is a tradable asset and there are many people who are doing a good business participating on the cryptocurrency market. Now, there are also people who are paid with their job and business with bitcoin. I am glad to see that you are one of the many benefited with this new platform and innovation. Bitcoin can be life-changing and we should be happy to be a part of this revolution. When you say buy and sell are you referring to trading bitcoin or maybe commercial products and buyers are using bitcoin? |
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Bitcoin not damage economy, the damage of economy is because of bad decisions of governments and also because of corrupt people. Bitcoin has practical use because is even faster than bank transfer.
I fully agree with what you are hinting at. The bad policies and wrong decisions made by those in the control of the economy are the things that can make an economy collapse. We have seen this with some left-leaning governments and we see the bad effects the whole ordeal inflict on the people. As we are witnessing right now in Venezuela, bitcoin has been a big help to some people especially in countering the hyperinflation cutting torn the whole economy and the lack of supplies pervading the whole country. Of course, governments don't see the things we do because they may find it hard to accept the truth. |
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While I am searching for churches that readily accept bitcoin for donations, I realized that there are now some who seem to see the potential use of cryptocurrency in their financial operation (religious groups do need money as just like any other organizations). "Father Rosado believes that St. Johns the Evangelist is the first Catholic Church to accept bitcoins and he thinks virtual currency donations can be much more useful than those in fiat currencies. 'In theory, in the future, you could exchange bitcoins for any currency. It would be faster to move money around,' said Father Rosado." "An evangelical church in Zurich will begin accepting offerings in the cryptocurrency bitcoin. Digital currencies and the blockchain technology will change our daily lives more and more in the next years, Nicolas Legler, spokesperson for Zurich's ICF Church, told Swiss media." Have you encountered a denomination near your area accepting bitcoin or cryptocurrency? Would you share the same idea to the denomination or faith you are a part of? |
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Just like bitcoin, XRP has also a big potential to grow a lot if there would be a big bull run maybe towards the end of the year or early 2020 but I am personally I don't invest too much with this cryptocurrency as I am more into bitcoin and ethereum. Though we should always remember that there is the gambling part in everything we do so one's choice can be right or wrong depending on what the market will be months from now.
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I am searching on the topic of decentralized economy and I came up with this piece which is a good one for me. I am quoting it here below: "What is it for? The decentralized economy emerges as part of a critique of existing market-economy systems. Virtual currencies are making financial decentralization possible, which undoubtedly influences the economy. Some of its professionals say that this type of economy is used to reduce costs and increase efficiency, so that there are fewer surpluses and shortages of products so that people can be free to choose what to produce and consume, take advantage of the time and knowledge, etc. Of course, it is not the same to speak of a decentralized economy than of cryptocurrencies, but we do dare to place them at a close level for their contribution to it. Spain, Switzerland or the United States are examples of such systems, and it must be said that virtual currencies have already reached them. As a result, we are witnessing the reaction of central banks, who still show a strong reluctance to their use and proliferation." Source. Are we heading to the creation of a decentralized economy (the one controlled by the people themselves) but still within and a part of the bigger centralized economy (the one controlled by the government)? |
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in developed countries the use of blockchain will be much benefit to the community, because of the ease and transparency of information. but in other countries this idea will actually be opposed by the government because it will complicate corrupt practices. i agree basically the use of blockchain that is integrated to the government system will have many benefits as the OP said.
Unfortunately, we still have many countries whose governments are not what they are supposed to be. The grip on power and the use of coercive methods in order to promote their own interests can be seen in many news that even the mainstream media are delving. Those in the position of power will look at an innovation like the blockchain as a threat because they could not control it they way they wanted to. Not unless, there can be a big revolution where the people themselves will be asking the changes needed...but this is more like a dream for now. |
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First, I think this is not the right section to ask suck a question regarding details about a cryptocurrency exchange. Second, the best to ask those questions is the site of HBG itself am sure they have their own FAQs somewhere.
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Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000. Bitcoin was never banned in China. Domestic ICOs and exchange businesses were. There is still a robust OTC market there. Weekly Localbitcoins volume alone is in the 30 million CNY range. Not to mention the mining industry. Some Indian legislators have proposed a bill. Nothing has happened yet. The ban on India is an advanced news painting a gloomy picture of what will be...but might never be. Yes, that is true even in China right now there are still people who are into bitcoin as it is impossible for the government to be following each and everyone all the time and this is the advantage of being digital evidence can be hard to find. We have to remember that if one has the money there is nothing impossible. Well, the same thing can happen in India if there can be a future ban...it is the government that will lose since it can never impose tax on transactions. |
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Given that the national central banks are subordinated to the ECB, 2 Italians MPs asked the ECB on the legal status of gold reserves in the euro area states. Guess what? The ECB confirmed its authority! What's the point of holding any gold reserve at all then? If your central bank needs the gold reserve to maintain monetary policy in some sort of extreme black swan market event, if you still need the approval of ECB, wouldn't it be a bit redundant given that there is a risk that there may be delays as to approving the gold transaction/or being entirely rejected? Again, sovereignty is extremely important when it comes to reserves in my opinion. That's a part of the reason why I believe BTC used in nation's reserves will be more common in the future, since you simply don't need to outsource the storage to another country. Nations like Italy now under the auspices of the EU have lost their own sovereignty when they joined the economic block thinking that they would be benefited by such a big cluster of nations. Of course, they get to participate in the opening of new markets for their products and services but now we know the many sacrifices required of these countries. At the end, only Germany would bloom with the EU project. Let's hope that Italy will realize soon of the folly of being a part of this block. |
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There's no way of verifying a transaction without an internet. No centralized valuation would work. People would revert back to goods to goods exchange. There would be no capital and the one who produces are the rich ones. There would be no jobs as now and everyone would revert back to farming, herding or being iron smith.
That is, if we are still alive by then. I am sure that life as we know it right now would screech to a halt and yes we can go back to the very basics where we produce our own foods in order to survive under a very difficult condition. Of course, by then, let's hope that there is already the popular way of sending bitcoin offline but still we need to have power (if the sun still good it can provide this essential element) but then again money may not be that important in the next few years for people left alive and surviving. Let's just hope this scenario will fail to become a reality. |
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@davis
I don't agree with you mr. Maybe in US it is impossible to do freelancing gig as a living where the prices are also not that cheap
But if you do live on a third world country exploring blockchain technology can already provide you enough to live(maybe you were trying to define living as a luxurious kind of living)
Actually in USA there are also many who are into the gig economy or freelancing but of course they are offering higher-priced services as compared to those in developing countries. There are many niches in this industry that when we talk about quality those in the USA can amply provide. Of course, this industry is booming with those in countries with lower standards of living where freelancers are charging "cheap" labor while the buyers of the services are saving lots of money...producing a win-win situation actually. And of course, we are now seeing a slow shift to the use of cryptocurrency instead of the usual PayPal. |
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I join the chorus of saying that tipping for a good job done using bitcoin can be one of the most effective way we can spread the good of the cryptocurrency movement and share the joy at the same time. I can still remember the excitement (maybe shown by my face) I got into when I started learning about bitcoin three years ago. By the way, you just made me Google the meaning of Rothbardian, thanks.
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