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1  Economy / Economics / Re: Bitcoin can be useful for a troubled economy on: June 05, 2019, 09:01:11 PM
Goldman Sachs: Bitcoin can be useful for a troubled economy

According to the report of Goldman Sachs, Bitcoin and other crypto-currencies can be a good alternative to the national currency for countries with an unstable economy.

 Analysts at Goldman Sachs Zack Pandle and Charles Himmelberg said that digital currencies and, in particular, Bitcoin, can become a viable means of payment in countries where traditional money is not sufficiently provided.

Goldman Sachs experts: crypto-currencies can help the troubled economy



I understand this article, but one remark: Bitcoin can help people in a troubled economy, it doesn’t help the troubled economy at all.
2  Economy / Trading Discussion / Re: Arbitrage: have you ever tried and how much have you earned so far? on: June 04, 2019, 10:34:47 PM
arbitrage needs professional judgement and continuity, most individuals are not very succesful, like me. Because of transactian fees you have to beat the market, otherwise tge expectation would be neutral.
3  Alternate cryptocurrencies / Speculation (Altcoins) / Re: If you have now 500$ for invest? Where you invest? on: June 04, 2019, 10:31:06 PM
I would invest in coins with a maximum total supply, with a low monetair inflation.
4  Other / Politics & Society / Re: What's wrong with huawei? on: June 03, 2019, 05:30:28 PM
I'm confused about the huawei, US government, Chinese government and US corporations stances towards the company.

To be honest, the Chinese government probably have a lot of control over Huawei but no more than the NSA have over microsoft, intel, google and facebook. Look at the wannacry virus and how quickly that spread to notice how the US government fund flaws in Microsoft's Windows OS.

The 5G debate is an interesting one too. I don't see why we actually need it for starters, 50mbps is fast enough for virtually everything you want to do (I travel between capital cities and my phone loads in an instant when connected to data, why chase milliseconds - the server on the other end is still going to be pretty slow)? Anyway, even if huawei do provide 5G networks to places like the UK, I still don't see how they'll get very much power... This could all just be part of the trade war between Trump and the rest of the world, spreading random fud in order to ensure the US government can remain one of the strongest economies and  be able to keep track of everyone. Can huawei really do worse than Google or have I missed something?

immoral = wrong
5  Other / Politics & Society / Re: What's wrong with huawei? on: June 03, 2019, 05:28:23 PM
what’s wrong: thats a matter of perception.

On a abstract level, there is nothing wrong, because knowledge results in innovation.

Unfortunately Huawei is using espionage to obtain most of it's innovation.

That is immoral indeed, but others can build on that innovation, so it leads to global innovation. If you neglect borders/constraints.
6  Other / Politics & Society / Re: Do you think Doctors lie? on: June 02, 2019, 06:40:23 PM
Recently i went to the hospital to check see the doctor and i was told the doctor to attend to me will be back soon, while waiting, he came in and from the look of things he had gone to smoke, it got me thinking, can it be that they are telling us not to do this and that and if you follow them you wont eat anything because everything is bad to health, no drinking of alcohol, smoking of any kind and the list is endless, why would a doctor now turned around and go smoking?

People lie, doctors are people.
7  Other / Politics & Society / Re: What's wrong with huawei? on: June 02, 2019, 06:38:00 PM
what’s wrong: thats a matter of perception.

On a abstract level, there is nothing wrong, because knowledge results in innovation.
8  Economy / Economics / Re: If the government supports bitcoin instead of the existing currency. on: June 02, 2019, 06:33:45 PM
Neither bitcoin nor paper money has any real value, but notes have national credit support, and what if bitcoin also gets national credit? The government will lose its macro-control policy but it can also effectively eliminate inflation, two relative ratios. Is that a good result? Of course, I know that the government is very unlikely to support bitcoin, but who knows?

Government wants to control money-supply, inflation is just a small price to pay, it won’t happen.
9  Economy / Economics / Re: [CHART] Bitcoin Inflation vs. Time on: June 02, 2019, 06:27:27 PM
A clarifying note: These charts show the monetary (supply) inflation of Bitcoin. They bear no relation to price inflation, which is an entirely distinct phenomenon. When Austrian economists say "inflation," they're typically referring to monetary inflation, whereas Keynesian economists are typically referring to price inflation.

Also, please note that the top axis ("Year") on these charts is approximate, based on the scheduled block generation rate of one block per 10 minutes. The actual block generation rate has averaged a bit faster than this, due to the perpetually increasing hash rate, so we're already a little bit further progressed than the labels along the top axis would suggest. This doesn't mean there will be any more than 21M bitcoins; it only means that we'll reach the end of supply generation a little bit sooner than we would have if the hash rate had always held constant.


Permission given to use and reproduce freely.

More market participants are frightened and repelled by the next news about serious problems with security in the blockchain sector. So, recently it became known that the personal data of the clients of the world's largest crypto exchanges Poloniex, Binance, Bittrex and Bitfinex, which in the spring of 2018 collected a full package of information about their customers as part of the “Know Your Customer” (KYC) mode, are sold on the darknet. At the moment, the situation is reminiscent of Westerns with bank robberies, only now they are stealing not only the money itself, but also the data about their owners. It is not surprising that big business is waiting only for guaranteed centralized solutions for the purchase and storage of digital assets.

Sounds scary, is this a fact?
10  Economy / Economics / Re: Inflation and Deflation of Price and Money Supply on: June 02, 2019, 06:10:11 PM
the enlargement of crypto-currencies (in case of Bitcoin the forks?!) will result in dilution. From an economic point of view = inflation.
Did I miss this in the analysis?
11  Economy / Economics / Re: Will people come back to gold on: June 02, 2019, 05:55:33 PM
Gold had always been a reliable asset. But today people are more demanding, gold gas too many limitations, I think Bitcoin Will have a growing share as virtual gold. In future gold will decrease as safehouse.
12  Economy / Economics / Re: Bitcoin as a leading currency? on: June 02, 2019, 05:46:06 PM
I mean hodl-ers
13  Economy / Economics / Re: Bitcoin as a leading currency? on: June 02, 2019, 05:44:27 PM
Recent publications show that bitcoin had many hodlers, maybe is nog realistic to consider bitcoin as a potential leiding currency. It is more realistic to say that bitcoin will be the virtual gold.
14  Economy / Economics / Re: Bitcoin as a leading currency? on: May 30, 2019, 01:14:10 PM
Now we are in 2019, did Bitcoin make a step to be a leading cuurency?
15  Economy / Economics / Re: Will people come back to gold on: May 30, 2019, 01:10:47 PM
Assets like gold will come back, but i think in future Bitcoin will be the substitute for gold.

16  Economy / Exchanges / Re: Bittrex withdrawal BTC on: November 18, 2017, 07:01:24 PM
thank you all, just after the post it was ok.
17  Economy / Exchanges / Bittrex withdrawal BTC on: November 18, 2017, 03:30:00 PM
Hello,

I have a question about an account in Bittrex.
When I withdraw BTC from Bittrex, I have to wait a long time. When I make a deposit of BTC, it goes fast. Do you have the same experience?
18  Alternate cryptocurrencies / Altcoin Discussion / Re: BCC exchange to BTC on: November 12, 2017, 09:43:46 AM
in order to exchange one cryptocurrency with another one you need to find someone else to do the exchange with.

- usually people use platforms such as exchanges to find that someone else to do the trade the easiest way.

- you can always find someone on other more peer to peer platforms like forums, other social media and do the trade but at a higher and different kind of risk. which is where escrows come in. you can also use multi signature features for this.

- and finally the newest and most awesome way is to use Atomic Swap. it is a form of smart contract between two peers completely decentralized and without needing any kind of weird platform or anything like that. it is just a side channel. here is the concept:


both bitcoin and bitcoin cash are capable of doing this.
unfortunately i don't have more information that this to share but you can read more here:
https://news.bitcoin.com/this-developer-is-bringing-atomic-swaps-to-the-bitcoin-cash-network/
https://github.com/decred/atomicswap/pull/37

Thank you, this is very interesting. I have still questions about security, but I will study first.
19  Alternate cryptocurrencies / Altcoin Discussion / Re: BCC exchange to BTC on: November 12, 2017, 09:38:44 AM
Seriously for a Jr. Member you don't know how to change altcoins?

You need to sell something to earn some Bitcoin with trading (It's Logic Bro.) But, if you can find a buyer directly and buy his/her Altcoin to btc or Btc to altcoin. But, trading peer to peer is really risky you need to get some trusted escrow services for added security for the both of you.

Of course, I know that, let me explain:
1. When I sell BCC there is delay before I get my money, I want get my money before I buy BTC. So transaction takes long time (hours, even a day!).
2. Delay means risk, because of time.
3. Buying and selling means two times transaction fee's.
4. Selling BCC in Euro/Dollar is (as far as I know) limited to a max of 2.500 par example, I don't like that because it'takes too much time.

So my question remains is it possible to exchange BCC in BTC directly, without peer to peer?
20  Alternate cryptocurrencies / Altcoin Discussion / Re: BCC as an asset on: November 11, 2017, 12:51:48 PM
So you think this is a right moment to exchange BCC tot BTC? Do you think the volatility in BCC and BTC is an opportunity to make profits?


Last days BCC exchange rate is rising. Do you think that people buy BCC because the price is relative low? I also bought some BCC, when exchange rates are changing, i will convert them to BTC. Is this a good strategy?

i was sold 50 BCC when it was for 0.07 btc and i don't feel sorry about that because i'm sure bitcoin will stay the best.
if i was holding some more BCC i will sell them now for sure because like this chance for BCC will not happen again.
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