Exactly this, it does not and should not matter. I understand why Satoshi left the project and probably went to inform governments about his private money scheme just to get back at thz crhpto lunatics.
You’ve lost me.
Is the full statement. Don’t take part of what I said and try to switch it’s meaning.
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Energy crisis, goung to increase the hashing rate.
I hope that is simple enough to understand.
There is more, I’ll recap later. Every time you guys post, the more I find out about the failure.
And fiat money value evaporating isn’t a crisis?
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The value of BTC does the same for the same reason, your printing money meme doesn’t work like that. FIAT currency ran by people who fill their pockets! Switch to crypto where other people do the same. That’s funny
BTC does not solve it at all. It is going down too. What part don’t you get?
If you like currency backed by some anonymous guy that’s your gamble. I trust the French government. They might not be the best but no matter how much they fill their pockets, they still steal less than the BTC gang.
I like a currency with strict rules where there are no exceptions for anybody.
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Why does the BTC value have to be super high in order for it to be useful? It is useful at it’s current price.
So if I did buy 1 BTC 2 days ago for £15,728.88
Then I would have successfully frozen that value for 2 days since the price is now around £16,571.19.
I will bump this thread every day to see how my theoretical fiat money value freezing is going.
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Don’t worry, the rules are on their way. A lot of people are jumping ship. And why would that anger you? It should not. The people jumping ship are the evil investors that wanted “a get rich quick”/“Get rich becuase this value will always go up”. It’s inflationary and every day it should go up, it’s value depicts another thing and that is caused by the gamblers.
Now building back up after such a circus will be another thing.
For you it’s good, you create some private money (like the mint makes coins) you make canadian and get paid in USD.
I did not say that, I’m sure someone on the internet did. The things you can find there are beyond memetic value. For me the BTC is used in a way that differs from the view you and Karak have. So you get mad that people do stuff, I’m not sorry, I didn’t do any of it. I enjoyed my pizza, and the surprise entertainment about 10 years later. Thank you Satoshi, you have designed it right during the pandemic and a large scale armed conflict.
For me, it does not need to do anything. However, if people claim it is X or Y I will point out it is not. You can refute it but saying “Something else is Z” doesn’t affect me because Z is okay and I have plenty of it. It can decrease in value, maybe we should stimulate the market, get things produced. Create a fire under the economy. But some people, like I linked before -it’s beyond ridicule- are scamming and BTC and derivates are the main source of income for them. It’s easier than calling people and saying you are a Microsoft tech, yet the have the same anger attitude when I keep them busy and they understand that I was just joking as I don’t care about my PC sending evil packets around, during my lunch.
Good, I’m sure people can say the same about penny stocks. Probably teh same people but still. You talk about currency as a it’s a stock. Good for you, but you appear to do the same your ‘ennemy’ does. So don’t come and say “but we will create a better monetary unit” because that’s a joke. It’s fine for private use and I think you can promote some uses of it but it’s not something that will be accepted/adopted internationally. So please stop referring to the two dictatrships that accept it, it’s not a win, it’s a loss. Don’t mention Musk, fiorst of all Messiah Mush has a bunch of zealots loving him and a bunch hating him, so once he’s in the mix people will just refer to all his SEC cases and how he is just a guy that could have written history with his passion but fell for the glory. Sad, many such cases.
Good to see you made £1000 so you’ll be closer to financial freedom. Or maybe later if that was an example and you somehow will make a profit later. I am going to play roulette this weekend. I’ll let you know how much my “investment” returned, lol. If I loose it all, I’ll just blame fiat money, okay?
I’m not mad about anything, I’m disappointed and worried that the value of my fiat money is being sold from underneath it and apparently there’s nothing I can do about it because you say BTC won’t work. Sorry to disappoint you and I’m sorry there are other things more important than the confused opinion of an online video game player I’ve never met.
Well a couple of posts back I have proved you wrong, although I only managed to freeze some fiat money value in theory alone, but I know you can see my point.
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Here I have solved all your problems.
You can thank me later.
And if you think your country will default because the debt will be so big, then to avoid all that mess I can only give advice for you to not hold any of the defaulting country fiat or bonds, actually you would be better moving out of that country before that happens.
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What about the working man in a developing country who has a family to support and elderly parents to buy medication for?
You think this is my problem alone? What is with you? why are you trying to pretend you haven’t seen on the news where some countries have setup a makeshift currency exchange and you see wheelbarrows of money and men trading in large stacks of cash on the roadside?
I know you’ve seen this in your time, why are you trying to pretend it doesn’t happen and you think the solution is to work harder or buy some kind of government bond/debt.
Then you suggest moving from a country that goes through hard times which is super unrealistic, can everybody just up an leave their families and move country? I think not.
At some point the fiat currency printing will have to be addressed, we don’t have to accept it, we should have a say in how our country’s currency is managed,
The U.S. dollar is not the only reserve currency in the world, though it is the most prevalent. As of March 2022, the International Monetary Fund (IMF) approved four other reserve currencies: the euro, British pound sterling, Japanese yen, and Chinese yuan.2 It is important that the dollar has competitors as an international reserve currency because it creates a theoretical alternative for the rest of the world in case American policymakers lead the dollar down a damaging path.
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probably will have no savings already. Like I wrote, he would have to leave country. Thats why we see waves of emigrants from countries not even damaged by war.
A lot of people do that around the world. You could say the best will survive, together with countries.
In a country like venezuela you dont often even had power or net to use BTC, so you would have to move out of country anyway.
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Your solutions are unethical, yes they may work for the young and fit man or woman, But what about the woman with kids? can she just leave her kids and go live in another country? What about the old or disabled people? or those seriously ill and depending on their younger family to buy their medication?
The problem I have with your view is that you would try absolutely anything just so you can completely ignore the solution specifically built and designed for this purpose.
Lots of people actually die trying to cross the channel to the UK, again your view lacks empathy and is in no way a solution.
How about a group of local investors set up a small local currency exchange? They would have a few staff and computers and a satellite internet connection and perhaps serve a few thousand local people. The local people can then freeze the value of some of their money, when they are ready to pay a bill they can change some of their BTC for local currency and then pay their bill.
While their money is stored as BTC it is at least protected from fiat money printing, you can act like this is nothing but I believe it is a step in the right direction, The little guy now has a tool that can freeze the value of fiat money if it is used correctly.
The above is an accurate description of how BTC can work, the only issue is that there will be people hellbent on sabotaging the smooth running of my example, If governments around the world notice their people freezing fiat value via BTC then they will also attempt to freeze their own fiat value using BTC.
All of your suggestions lead to a negative place or are not suitable for every walk of life. A person in a developing country, with the help of kind benevolent people who run a sort of small local currency exchange could really make a huge difference to their life. If the currency exchange charge the few thousand local community a tiny amount per transaction then you have a small humble income for the people running the local currency exchange which could be used to purchase more equipment and open other small local currency exchanges in other communities and serve another couple thousand people.
When an idea allows the developing world to improve the quality of life for themselves in an organised fashion then such an idea simply must be investigated to the fullest extent. The developing world cannot afford to ignore BTC this is the part you might not understand.
I’d like to see billions of people in developing countries using BTC in the manner I’ve described, nobody trying to get rich, just normal working folk like farmers, builders doing their trade and simply trying to freeze the value of some of the fiat money they are paid.
Hopefully the super rich trying to double their money will now leave BTC alone so it can serve it’s intended purpose.
And no, we won’t have to give out free smart phones as you said previously, to start, the local currency exchange is enough and will require people to make the journey there in order to conduct business. Such an idea can evolve to the currency exchange selling cheap smart phones and wifi passwords for a small fee, Communications can be set up remotely and jobs could be created maintaining them.
Panama
The law treats crypto assets as foreign-source income, which in accordance with Panama’s territorial taxation system, not as a currency lol. Just to avoid taxes so governments can’t help the poor people you can’t stop describing as victims of a system in your examples. It’s funny. They are being set up to have less from their governments thanks to Panama.
Cuba (dictatorship)
Vidal said he doubted Cuba would become another El Salvador, making bitcoin its money of choice or coming up with its own cryptocurrency, but rather the government was thinking of facilitating the entry of remittances and international foreign trade operations.
“This can reduce the cost of these international transactions and generate an alternative to operations in dollars, less sensitive to the sanctions scheme,” he said.
Ukraine
Under the new law, to determine policies on digital assets, issue licenses to businesses dealing with cryptocurrencies, and act as a financial watchdog. Know Your Customer, pseudonyms are gone, it’s under control of their bank lol.
Paraguay
Rejala later laid out his plans more concretely, promising to introduce legislation with regard to Bitcoin by mid-July. But the lawmaker has since clarified in an interview with Reuters that he has no intention of attempting to pass anything close to a “Bitcoin legal tender” law. It would be politically “impossible” to do so, he said.
Ok, in those countries ;
- Bitcoin will not be a currency, it will be a digital asset.
- Bitcoin transactions will be completely under control of the banks and they have a KYC rule.
- It will not really be used except for the richest in those countries. But I guess you are one of those “trickle down” guys, right? lol.
Sure, lol. It’s like being in a *** club and saying “You are a ******” and then someone replying “Yeah, and U2 (not the music group)” I don’t say we are wrong here, I say it’s not something to get angry about, lol.
Do you even dig deeper when countries adopt Bitcoin? No, because that would be unethical to do what you do IF you really knew what was going on.
She brings the kids along? lol. What kind of remark is that anyways, you just make up things people wouldn’t even say because it’s so ridicoulous. Anyone with kids would just bring them, lol. Well, most people because that option existed in your head.
Is that how you speak about the ‘poor’ who want to do international trade ? How rich are you lol? Someone I know is unemployed, I just imagined him saying "Hey, I wanted to do some basic international anonymous trade but yeah, banks and stuff , so now I’m here unemployed. lol. "
Keep posting, I like how you think extremely far outside of the box, not sure if we can still see the box. You are better than Elon Musk as at least my sides are in orbit.