OT- Bitcoin
- Thread starter redwine65
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Crypto is being adopted faster than the internet. Next 5 years are going to be wild.
Crypto Adoption Rising Steadily Throughout Price Crash | Investing.com
Market Analysis by Crypto Briefing covering: Bitcoin, Ethereum. Read Crypto Briefing's Market Analysis on Investing.com
www.investing.com
Do you think a handful will become widely accepted as a means of exchange? The dollar is in real trouble. Curious to see what the Feds will do with regard to crypto (they'll fumble/they are not to be trusted)Crypto is being adopted faster than the internet. Next 5 years are going to be wild.
Crypto Adoption Rising Steadily Throughout Price Crash | Investing.com
Market Analysis by Crypto Briefing covering: Bitcoin, Ethereum. Read Crypto Briefing's Market Analysis on Investing.comwww.investing.com
Once payments start to be accepted and processed they will.
It's already in process in Europe.
The CEO of one of them came from eBay and she is working on getting eBay on board for processing payments.
Crypto is still so early and undeveloped, you need to think long term. The sites are janky and expensive right now so as a means of exchange its not good now but by the end of the decade everyone will be using crypto and nft's. Dollar cost average in to good projects and you should have enough to retire in 5-8 years. I think we're still in a bull market but I think we're going to hit 26-27k here soon before taking off towards a peak of 150-180k around late 22 or early 23.
I agree that it is still very early and a lot of the game theory that has been put in place hasn't been really tested at the extreme ends. (i.e. extreme gas fees and inefficient blockchains)
Notice how many scams and rug pulls you hear about. The victims being younger guys that are the most tech savy and least susceptible. Wait until your grandmother tries to send her USDT from her wallet to an exchange on the wrong network and loses her funds or worse falls for the scam where if she sends 1 eth she gets 2 back..
The order announced today seems to me more of a threat on crypto than anything else. I realize that the prices for things went up, but think about it. The government always manages to screw things up when they get involved.
Would you really rather hold a central bank backed digital currency? Identity will be a major part of it. It will be like spyware if you ask me. But the masses of dummies will roll into it, and their (govt) version of crypto could be used to crush the open market versions that are out there.
If that were to happen, things like Tether could become worthless, and that alone would cause a massive amount of people and exchanges to get rekt.
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Could you name some knowledgeable people that create YouTube content? Trying to dial into real experts. TIA.
Wait what's this deal of sending one ethereum and getting 2 ethereum back?
they make you tube video's asking people to do that....the fisrt day I bought crypto I seen a video like that and thought...wow that doesn't make sence...lol
Cultivate crypto and dollar cost crypto are the best, 98% of the rest of youtubers are trying to shill crap or get you on leverage. RealPlanC on twitter as well. They offer a paid quarterly course but they do free content multiple times a week on youtube.
And the send 1 btc/eth/etc is all a scam. Not sure how they keep coming up but scams in crypto are very common.
As expected....
www.theblaze.com
Biden to issue an executive order directing the development of a fully digital dollar | Blaze Media
President Joe Biden is expected to sign an executive order on Wednesday directing the federal government to move forward with the development and implementation of a digital U.S. dollar.Biden’s executive order, which is also expected to address outstanding issues the federal government has...
www.theblaze.com
As expected....
Biden to issue an executive order directing the development of a fully digital dollar | Blaze Media
President Joe Biden is expected to sign an executive order on Wednesday directing the federal government to move forward with the development and implementation of a digital U.S. dollar.Biden’s executive order, which is also expected to address outstanding issues the federal government has...
No idea how it's going to work, but I know if our gov't has any say in it......you can finish the rest.
Young people are no longer the most tech savvy IMO. That changed many years ago. I read something recently about some engineering students that didn't know how their computer's file directories worked. Mobile phones changed things. Kids think knowing how to install an app on their phone makes them tech savvy. Young people are precisely the easiest targets for these crypto scams because they have yet to experience how Wall Street loves to run these grifts on gullible people by controlling the media narratives around them. Just look in this thread for people looking to social media and YouTube to confirm their bias. It's web 3.0! The MetaVerse!
The part about knowing how a file directory works kind of blows my mind, but it's not surprising I guess. Part of me wonders if some knowledge is being lost with the way things are done now.
An example that comes to mind is the serrated edge of a butter knife. The older generation knows that it is there to shave little filings off a stick of hard butter. I still see middle age people that don't know how to do that, and it dawns on me, that lots of little bits of knowledge aren't being passed on.
I think a digital dollar would be good, block chain is good for not geting hacked, and a digital dollar could replace stable coins..basicly is the stable coin...then your other coins like theta (secure media) or energy web (secure energy) etc. could be bought with themAs expected....
Biden to issue an executive order directing the development of a fully digital dollar | Blaze Media
President Joe Biden is expected to sign an executive order on Wednesday directing the federal government to move forward with the development and implementation of a digital U.S. dollar.Biden’s executive order, which is also expected to address outstanding issues the federal government has...
you will still need cash.....(I know it' the drug dealers choice, but it's also good for liberty)
but the congressional budget office being reported in digital dollars seems like it would make government spending more transparent. the news could basicly make easy graphs for the public to see *exactly* where a bills money would go..
like the "infrastructure bill" that was 5% infrastructure...lets see a graph where they other 95% went, shalt we?
although it maybe for not..(hyper inflation). the way the democrats have spent (and bush on his wars)...the dollar may get replaced as the world's currency, because inflation hurts other countries based on the dollar more then the US...
see how russia, china and india are not bowing to economic pressure
it is interesting how fat venezuela leader is changing his tune on the US..lol
Fck that!
The govt being in control of what you spend money on and having a record of every transaction... Nope.
you will still need cash.....(I know it' the drug dealers choice, but it's also good for liberty)
Govt deciding what "essential products" you can buy during a pandemic ring a bell?
My butter game is pretty strong. But if I'm going to get educated about crypto, YouTube is the first place I'll go and once I'm there, I want to know who is for real and who's full of s***. I know the score in a lot of other topics of life, but not this one.
You realize most of what is on youtube are guys pimping their own bags. I would start with something basic by Andreas Antonopoulos on Bitcoin first. It becomes a lot more in depth from there, depending on how deep you want to go.
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Romanian Central Bank Approves Elrond Acquisition of EMI Institution Twispay — The MultiversX Blog
The Romanian Central Bank, in a landmark decision with implications for the evolution of digital finance in Europe, has approved the acquisition of Twispay by Elrond.
elrond.com
Get your egld now while it's under $1000Romanian Central Bank Approves Elrond Acquisition of EMI Institution Twispay — The MultiversX Blog
The Romanian Central Bank, in a landmark decision with implications for the evolution of digital finance in Europe, has approved the acquisition of Twispay by Elrond.
block chain is good to secure things, but the goverment won't let tether be the currency..
it has to do with banks and loans allowing quantitative easing & printing...they won't give that up
so the middle ground is a US dollar stable coin...(and cash)
then block chain for all the stuff that needs to be trustless and secure..
the government can already see everything your doing if they want..nsa and their glass building
it has to do with banks and loans allowing quantitative easing & printing...they won't give that up
so the middle ground is a US dollar stable coin...(and cash)
then block chain for all the stuff that needs to be trustless and secure..
the government can already see everything your doing if they want..nsa and their glass building
I think we will continue to see some countries move toward more open crypto markets, where they don't control (and can't manipulate) the currency.
I don't see many people interested in a new trackable CBDC.. as our dollar now is mostly digital anyway.. it would just be the addition of identity and traceability added to what we have. No thanks.
What foreign country would want to take on any new debt in dollars, much less central bank issued digital dollars after they just saw what we did to Russia with sanctions. It would at least make me think twice about it.
Going nuclear on the sanctions will likely be the tipping point that costs us loss of reserve currency status.. you can thank Biden for that too.
I don't see many people interested in a new trackable CBDC.. as our dollar now is mostly digital anyway.. it would just be the addition of identity and traceability added to what we have. No thanks.
What foreign country would want to take on any new debt in dollars, much less central bank issued digital dollars after they just saw what we did to Russia with sanctions. It would at least make me think twice about it.
Going nuclear on the sanctions will likely be the tipping point that costs us loss of reserve currency status.. you can thank Biden for that too.
you must be really well informed and educated to have such a strong opinion
