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Bitcoin - the main and official discussion


mulderfox
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Quote of ag43

How does this relate to anything at all? Mining In Europe it is carried out in mainly Nordic countries and not in Germany.

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Quote of QttP

  

 

In Khurchik - you are a lost cause. Hope at least you earn well. :) 

 

After all, you do not really care if MasterCard assimilates or not assimilates Bitcoin, But only some of its "value" in trading.

I obviously care. It is important for me to have maximum adoption of In the world, and being able to buy and sell it in a simple way is an integral part of it.

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Quote of ClassMulder

Who exactly will "cancel" the option to convert Bitcoin For a Fiat?

The government? People will still be able to sell to each other. The central bank? He has no such power. Equally you can say what will happen if tomorrow the dollar is declared as toilet paper.

Bitcoin has fallen about sharply in the past, and has always risen back and higher. In the meantime your bitterness is dripping from the side .. maybe you will wipe?

Piece idiot, the point was to prove that the only use you make with (Except gambling) is to convert it back into dollars.

If * theoretically * you were told now that the technology that technically enables to convert no longer exists For real money (dollars or any other currency) - you will be stuck with a computer file that is worth nothing. You have nothing to do with it but convert it into real money.

 

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Indeed yes, but the key question is, even on the most optimistic assumption that Bitcoin will be perceived as a legitimate means of payment worldwide, is what should be its exchange rate relative to other currencies.

 

It's probably a lot less than its price in trading right now. After all, its use around the world has not increased 10 times in the last year. There are currently 18 million In the world, and at a value of 50K per currency, it means the total value of an economy Is about $ 1 trillion. Do you think that is really the right number?

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Quote of Milford Cubicle

Piece idiot, the point was to prove that the only use you make with Bitcoin (Except gambling) is to convert it back into dollars.

If * theoretically * you were told now that the technology that technically enables to convert no longer exists Bitcoin For real money (dollars or any other currency) - you will be stuck with a computer file that is worth nothing. You have nothing to do with it but convert it into real money.

 

Curses again. Read what I wrote earlier about someone who uses curses and can not hold his claims without them ..

And as for usage, I just purchased something in Crypto on Amazon - through the Coinbase website. So you're probably a little less smart than you think.

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Article in The Marker:

https://www.themarker.com/markets/.premium-1.9548907

Quite a bit of misunderstanding on the subject:

"There are many explanations for this increase: Believers say that central banks are eroding the value of official money by massive printing, while Bitcoin is limited to only 21 million units - As long as we do not change the formula, of course. They report legitimacy that Bitcoin has received in recent months from financial institutions and institutional investors who have begun investing in it, and business companies, such as car maker Tesla and credit card company MasterCard, that have begun to honor payments in it. They also emphasize that Bitcoin is a decentralized asset that does not belong to any country - and is therefore immune from the influence and manipulation of governments and politicians. "

 

The sentence I emphasized shows the writer's lack of understanding. Cannot "change formula" of . Is the basis of the currency. In order to change software in Bitcoin to the smallest extent, we need the general consent of all or most of the programmers, and most of the miners. But the base in any case can not be touched. The number 21 million is fixed and fixed. In fact, it is estimated that at least twenty percent of the coins mined so far have been lost in wallets that were lost, stolen, or used that caused their loss (such as "burning tokens" for a new crypto). So Bitcoin is only becoming rarer over time.

Edited By ClassMulder
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Quote of ClassMulder

They report legitimacy that Bitcoin has received in recent months from financial institutions and institutional investors who have begun investing in it, and business companies, such as car maker Tesla and credit card company MasterCard, that have begun to honor payments in it. They also emphasize that Bitcoin is a decentralized asset that does not belong to any country - and is therefore immune from the influence and manipulation of governments and politicians. "

 

And that's exactly the problem.

It is very disturbing that once again regulators around the world are falling asleep on guard and not finding it outlawed.

The institutionalists will promote anything that will make them money no matter how much it is discredited. They do not care how much damage is done as long as they are spaced out.

This is probably not the first time they have introduced financial instruments that have no contribution to the market at best or are destroying it completely.

Take for example the term short.

The stock exchange was founded so that companies could raise money for the investment, not to trade in financial instruments that gamble against the market and feed on corpses after it crashes.

This is how the subprime crisis was born, which resulted in junk bonds rated as Triple AAA.

Bitcoin in this respect is no different, it has no contribution to the economy and it has not generated growth.

The only thing it allows is to create a black economy, to allow criminals to transfer capital anonymously and that's the other little things.

Just think that such a currency would become legitimate, simply a paradise for terrorist organizations and countries like Iran that could circumvent sanctions effortlessly.

Who needs SWIFT when there is BITCOIN.

 

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a quote

 

That's exactly the problem.

It is very disturbing that once again regulators around the world are falling asleep on guard and not finding it outlawed.

 

It is not easy 

That the world is on fire and there is an epidemic 

no job 

People are looking for employment, Bitcoin is right for them

 

There are taxes on profits 

 

Stop Bitcoin that has no job, burn companies and people who will not choose you 

And it's dangerous for a ruler who wants to be elected 

 

Look at the crazy companies threatening parties that will let them sell drugs like cigarettes!
And it will reach children!

Forget about drugs and work or driving 

Bitcoin is zero from the drug craze 
 

Cannabis companies for parties: You will not support legalization - we will not vote for you

Supporters of the legalization recruited the cannabis companies Intercure, Tikun Olam, BOL Pharma and Green Fields, who donated tens of thousands of shekels to the legalization campaign and called on politicians and party candidates:

 

Tesla buys Bitcoin and is not afraid of regulators or the law 

 

Report: Tesla's $ XNUMX billion purchase of Bitcoin was made on the Coinbase Stock Exchange

According to the American website The Block, Coinbase has executed the purchase of Bitcoin for the electric car maker in the first week of February • Coinbase is preparing to list its shares for trading on NASDAQ in the coming months, at an estimated value of $ 77 billion

Edited By Kfir
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Quote of lompy

 

And that's exactly the problem.

It is very disturbing that once again regulators around the world are falling asleep on guard and not finding it outlawed.

The institutionalists will promote anything that will make them money no matter how much it is discredited. They do not care how much damage is done as long as they are spaced out.

This is probably not the first time they have introduced financial instruments that have no contribution to the market at best or are destroying it completely.

Take for example the term short.

The stock exchange was founded so that companies could raise money for the investment, not to trade in financial instruments that gamble against the market and feed on corpses after it crashes.

This is how the subprime crisis was born, which resulted in junk bonds rated as Triple AAA.

Bitcoin in this respect is no different, it has no contribution to the economy and it has not generated growth.

The only thing it allows is to create a black economy, to allow criminals to transfer capital anonymously and that's the other little things.

Just think that such a currency would become legitimate, simply a paradise for terrorist organizations and countries like Iran that could circumvent sanctions effortlessly.

Who needs SWIFT when there is BITCOIN.

 

Why outlaw it? If it is a financial asset like a stock - then it is equally possible to outlaw stock trading. If it's a global currency - then just as well you can try to outlaw the US dollar.

The big advantage of Bitcoin is that it is not geared towards a debt economy like the current one. It is based solely on a profit economy. That is - if you have, you can use. If you do not have one, you can not go into overdraft or minus and use at the expense of the future.

This sucked-up and tattered claim of “black economy” is nonsense in the juice. The US dollar has been cultivating and cultivating a "black economy" and drug trafficking, murder and human trafficking for decades if not centuries. It was not outlawed. It's like saying hammers should be outlawed because they could smash skulls.

The currency is already legitimate my friend. Open And look.

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The big advantage of Bitcoin is that it is not geared towards a debt economy like the current one. It is based solely on a profit economy. That is - if you have, you can use. If you do not have one, you can not go into overdraft or minus and use at the expense of the future.

I did not understand the advantage?

What is no debt?

What profit economy?

That you buy Bitcoin for $ 50,000 and after a week it is worth $ 1000 

You're in debt.

Then you're in overdraft because you lost $ 49,000 

And you have to finance the cost of producing bitcoin, the cost of buying bitcoin 

Doesn't that seem like a minus to you?

 

a quote

The currency He is already a legitimate friend. Open Google And look.

Even a black dollar was once legitimate 
And every day on the front page of a newspaper they would write its value 
Until the regulators put an end to it!

 

a quote

This sucked-up and tattered claim of “black economy” is nonsense in the juice. The US dollar has been cultivating and cultivating a "black economy" and drug trafficking, murder and human trafficking for decades if not centuries. It was not outlawed.

 

Now you want to cultivate Bitcoin that will become a currency of crooks, murderers, thieves instead of dollars, so that countries can not keep track of capital?

"The Black Swan" got rid of Bitcoin and claims: "This is a failure, at least for now"

Nassim Taleb, author of the best-selling "Black Swan", announced in a Twitter tweet that he got rid of the currency, due to much volatility in its price.Its value is zero"

Edited By Kfir
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Quote of ClassMulder

Why outlaw it? If it is a financial asset like a stock - then it is equally possible to outlaw stock trading. If it's a global currency - then just as well you can try to outlaw the US dollar.

No, it's not an asset like a stock. A stock represents a certain percentage of ownership in a business, a currency is not an asset - in fact a currency is nothing, the only value it has is the value we are willing to give it.

I also did not compare the same stock, I just gave examples of Pentecost products that institutions are willing to trade in even though they have no contribution to economic growth or economic activity.

Nor was there any argument that it should be outlawed because it is a global currency but that it does not contribute anything again but on the other hand more easily allows for a black economy and criminal activity.

 

Quote of ClassMulder

This sucked-up and tattered claim of “black economy” is nonsense in the juice. The US dollar has been cultivating and cultivating a "black economy" and drug trafficking, murder and human trafficking for decades if not centuries. It was not outlawed. It's like saying hammers should be outlawed because they could smash skulls.

Too bad you answer claims I never made.

I did not say that BITCOIN cultivates a black economy, I said that it makes it possible to create a black economy.

Of course, even with the currencies that exist today, there is a black economy and there is criminal activity, but at least on the currencies that exist today, there is regulation and money can be tracked.

There is regulation on banks and information sharing between countries in the world that fights the phenomenon of black capital, BITCOIN simply makes it possible to get around it without a problem.

By the way the problem with the existing currencies that the black economy enables is cash, what needs to be done in addition to removing BITCOIN from the law is to stop using cash and switch to digital money only.

 

 

 

 

 

 

 

 

 

 

Edited By lompy
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Quote of Kfir

I did not understand the advantage?

What is no debt?

What profit economy?

That you buy Bitcoin for $ 50,000 and after a week it is worth $ 1000 

You're in debt.

Then you're in overdraft because you lost $ 49,000 

And you have to finance the cost of producing bitcoin, the cost of buying bitcoin 

Doesn't that seem like a minus to you?

The global economy today is a debt economy. This means that you can buy in installments (with a commitment to pay sometime in the future) or get into debt today based on money you receive (maybe) in the future. A non-debt economy is an economy that is based solely on money that is now available. That means you will not be able to buy a toaster with the overdraft you have at the bank, but you will have to save shekel for shekel and only when you have the full amount - you can go to the store (or click on the computer) and buy.

Bitcoin today is not a currency used on a daily basis because it is unstable. But that's why it's such a good investment channel. However, an 11 year old currency is a very very young currency. And in time it will stabilize. However, in the meantime its value will only go up and up. In terms of declines? Yes, you can not rely on life only About currently. It can be used as a very profitable investment tool - if there are eggs and perseverance. And if you want, you can also enter the crypto exchange.

But there is no overdraft. You refer to the loss on paper. But equally the profit is on paper until you decide to sell or use Bitcoin / Crypto. If you really want to get into overdraft, you can try a platform for crypto loans. There lenders and borrowers and make profits from holdings.

Regarding the cost of production / purchase - You also have a cost in the bank - fees - for every action you take. The cost of hiring employees, structure, computing and everything else is embodied in the commissions you pay. And believe that the bank never loses. This is why global banks are so afraid of the alternative that Bitcoin presents that may, over time, override them.

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The global economy today is a debt economy. This means that you can buy in installments (with a commitment to pay sometime in the future) or get into debt today based on money you receive (maybe) in the future. A non-debt economy is an economy that is based solely on money that is now available.

I do not know who taught you economics, but you invent concepts and distort the term economics!

There is no debt economy - some people have money to buy what they want and pay cash and not get into Uber Draft 

There are people - who gamble with money they do not have and hope that one day the money will come and they can pay.

 

It has nothing to do with defining an economy - just because you choose to pay by the way does not mean we all live that way or we all have no money.

 

Also a firm - works with accounting books that come defined funds that will come in the future and their ability to pay according to its sales!
According to owner loans and more .. All this is documented in an account book.

No one works without a defined forecast in accounting.

There is no money falling from the sky.

 

Once a firm according to account books is at risk of not paying money it owes - an accountant impresses  "Live Business Warning"

The Company's short - term financial liabilities against the Company's cash balance and against expected revenues,

Your whole definition is unrealistic - and shows signs of a gambler 

 

a quote

 This, a son coin 11 It's a very, very young coin. And in time it will stabilize

Or delete! Again you gamble and see only white, with signs of unreality 


 

a quote

 

In the meantime its value will only go up and up. In terms of declines? Yes, it is impossible to rely on Chaisea only About Bitcoin currently. It can be used as a very profitable investment tool - if there are eggs and perseverance.

 

 

 

Again you see only white as a very profitable investment tool? Either lose all or almost all!

Again you are a very dangerous gambler, your ability to understand non-existent dangers.

 

 

a quote

 

And if you want, you can also enter the crypto exchange.

But there is no overdraft

 

 

 

 

Another time you go into the stock market to buy 2 cryptocurrencies it's $ 100,000  

I do not overdraft?

The next day or after the crypto month is worth $ 1000 and a $ 98,000 loss 

It's an overdraft.

If I needed the money, I lost.
 

a quote

 

Regarding the cost of production / purchase Bitcoin - You also have a cost in the bank - fees - for every action you take. The cost of hiring employees, structure, computing and everything else is embodied in the commissions you pay. 

 

 

 

On equals the cost of bitcoin production of setting up server farms in imaginary amounts, electricity and more 

And a commission in the bank that is nil.

I do not pay for renting workers or buildings or electricity and computing 

 

And through the back The establishment of a server farm for Bitcoin is usually built from the money of criminal elements to launder money 

And many times unrelated to real profit.

Not to mention your currency Bitcoin is used especially today to continue to criminalize 

That there are people who are willing to accept Bitcoin to buy pizza and the like is nice 

And how to buy In Bitcoin? Today is worth $ 50,000 and tomorrow is worth $ 10,000, which means the car company will go bankrupt 
That lost in car sales.

 

The state now forces people to make credit or bank transfer transactions and not cash - because it has opened up for tax offenses 

Bitcoin is designed to deceive the country and make unfit transactions many times over 

Edited By Kfir
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