Some people claim that Bitcoin will revolutionise the world of centralised systems and on the other side some people think that bitcoin is related to criminal activities. But what is it really about Bitcoin that has led all of us to pay attention to it? For decades we have been fighting for the alleviation of poverty but with the current financial system in order, it is a dream to make everyone feel inclusive especially the ones who have been ignored by the current banking system for a long time. It's time to let the people know that they have this revolutionary technology in their hands that could end their search for “how to alleviate poverty”?
Bitcoin has the potential to do that. Poverty is mainly caused by these three phenomenons:
Hyper Inflation
Corruption
Financial Exclusion
-Hyper Inflation
Inflation occurs when fiat notes are floated in the market but are not backed up by value. Hence hyper inflation is when the prices increase to an uncontrollable level. Bitcoin are limited in number. When the amount of currency being floated in the market remains limited, there are least chances of inflation and almost none for hyperinflation.
-Corruption
Corruption occurs when a system lacks transparency and efficiency. Bitcoin uses a decentralized peer-to-peer transaction system where every transaction is recorded in the system and no transaction can be made without being verified by the mediator (miners). Blockchain consists of an ongoing chain of blocks that act as ledgers for every transaction. These blocks are there for ever. The records can never be deleted or tempered. This process ensures transparency and enhances reliability.
-Financial Exclusion
Financial institutes, specifically banks, at present provide a lot of useful services but with high interest rates. These services then become meaningless or unattainable for the middle class people and impossible to avail for the poorer. Hence the poor are never able to attain any of the banking or financial services due to high rates of interest. Bitcoin has a solution to this as well. Bitcoin do not require you to pay any high interests or transaction fees to avail financial services. You simply join in and have a software wallet (or any other as there a number of different wallets to keep your money). You just need to pay a very little fee on transactions otherwise no charges. Hence poor people are not excluded from the system.
The best part of bitcoin is that it doesn't stop anyone from utilizing it, like internet or a radio. It has no limitations to its implementation.
After recent changes to the merit system, I am trying to do something useful and contribute to the forum. And this is what I collect, hopefully it will change my merit.
This is an article about that, a gambling disorder in most young people
-
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5841330/As stated in the article, experts and analysts know the causes and issues that lead to gambling addiction, they have clearly spoken about the dangers, consequences, and effects of gambling on the nerves and health of a person then there is a series of methods to stop that. But we are still here very clearly, the number is still increasing significantly every year, it has no signs of diminishing, even rising dizziness.
And the problem here is I want to ask why that happens? All the information is complete but people still can not solve the gambling addiction problem, the analysis is useless or our greed still dominates all.Please let me know your opinion on this issue and if you have enough power, what would you do to solve this
This person almost asks for merit but since I'm only giving 1 of the 30 required for the next rank I dont think its too extravagant to encourage the idea of putting effort into posting.Money is literally the greatest hoax ever perpetrated on humanity.
Its only purpose in recent history has the worlds self appointed dictators to divide and control the people.
Considering we are all inhabiting the same planet and all born with the same inalienable rights (natural law), those who seek to be our betters and control us should be cast out of civilized society.
We can live without money if people are willing to cooperate.
In fact it is already happening in communities around the world (See Ubuntu Contributionism - Michael Tellinger)
People often say it sounds great but how would it work?
Well, the Ubuntu movement has not only shown it can, but has created a blueprint mapping out the "how" to liberate humanity from the debt slavery that is money.
There is no reason that anyone on this planet should suffer or go without the basic necessities and creature comforts of life.
It is the greed of a few who seek to hoard our resources for their own personal benefit that makes life miserable for everyone else.
These sociopaths are known. Once more people need wake up to their crimes against humanity and this planet, the sheer momentum of the masses will wash these same evil dictators and their mindless horde of order followers from our world.
The post is very well laid out for a newbie and examining what we take for granted is a reasonable argument regardless of whether I agree with all conclusions stated.
Someone who put effort into charting the data from dozens of other forum members, deserves a merit imo.
What does bloomberg know? They've probably got a grip on less than 10% of the total usage of bitcoin. The number of reported bitcoin payments in stores is probably not even close to the number of unreported bitcoin transactions. That cannot be a valid argument against bitcoin.
Koreans are not the only ones in the world to use bitcoin, so that's not going to have much of an effect on prices. There are lots of other countries who have huge populations (USA, Russia, Turkey, India) that are becoming more active in bitcoin. We can't say it's over until it's actually over.
Watching the markets closely and I find it interesting that while BTC has been trending up slightly over the past week, the majority of other alts are down or just wavering...could this be why BTC is trending up? Everyone is focusing on that? I thought it was interesting as normally we see everything move in tandem together but this time I'm not sure whether to invest in any alts given they seem to be going their own way...
I think the waves will continue until maybe November of December... then is will break UP.
Or well, will see...
This is just a simple post but the trends drawn fit well and I think its a good post, actually still relevant 3 months later seems like.One common perception was that having a higher POS will give better return. However, looking at buzzcoin, gokucoin etc, where they give you 100% per month or even more, their value also fell quickly. The coins can give you supply but they also must have a market of demand, that is also why ethereum is very careful about changing over to proof of stake and they have decided to delay this conversion to a later date.
From what I've heard about bitcoin, as well as currency values, such as Dollar / USD, Bitcoin prices are fluctuating or up and down. Importantly, the price of Bitcoin is more fluctuating than the fluctuation of the US Dollar. Thus, if we want to buy Bitcoin, it is important to understand what things can cause the rise and fall of Bitcoin prices. If we want to invest Bitcoin, it is also important to understand these things. By understanding these things, we can buy Bitcoin at a low price. And also, can sell Bitcoin with high price. And the factors that influence the rise and fall of bitcoin prices that I know are.
1. Bitcoin Security Factor
related security factors, in the year 2014 ago, there was a massive robbery in one of the Bitcoin buying and selling place in Asia. The event made the world's public doubt the security of Bitcoin. If the world's public doubts the security of Bitcoin, Bitcoin's demand will decline. The decrease in Bitcoin demand will be followed by the decline in Bitcoin prices.
2. Community Perception Factor
Perceptive factors also affect the price of Bitcoin. If Bitcoin gets a better perception, Bitcoin's demand will increase. Followed by the increasing price of Bitcoin. Conversely, if Bitcoin get a bad perception, Bitcoin prices will go down. These perceptions include how perceptions of the ease of using Bitcoin, the perception of how future Bitcoin prices are and the perception of how much profit Bitcoin invests. For information, several years ago, Bitcoin was so synonymous as a means of exchange for buying illegal goods. Over time, these perceptions begin to disappear.
3. Official Bank Recognition Factor
Some countries do not recognize Bitcoin as a legal means of payment. If the central bank recognizes Bitcoin as a legitimate means of payment, Bitcoin's demand will surely increase. Bitcoin's increased demand is followed by higher Bitcoin prices.
So few things that affect the bitcoin price according to what I know so far, if you have any other reason, what's wrong with explaining it, I'm sorry if there's a mistake, and thank you.
Now that you mention it...this has got me to thinking...
That moment of realization that the social contract you believed yourself to be a party to was an illusion all along is not an easy one. Allow me to elaborate by way of an, only very tangentially related, anecdote.
As a young man I was working construction. I was a ucking hard worker. Busted my ass. We were screwing down floors in a subdivision when I developed acute carpal tunnel; woke up one day unable to button my pants or do really anything involving my dominant hand.
Was denied any workers comp, not even sure why, I was young and unschooled in advocating for myself. It sounds ludicrous today...but I really thought the system had my back.
I was very much unable to work at anything I was qualified for at the time and funds became very short. At some point I needed that last $100 in my bank account to eat, and by "eat" I mean a box of dehydrated spuds and the big handle bottle of Pace picante per week, plus what I could bum off friends and pick up after 1:00AM at the convenience store for $0.25/about to expire cancer burger.
So my social dislocation moment came when my, long awaited, tax return check arrived, a very much needed 4 digit godsend of liquidity. I rushed straight down to the bank, up to my favorite teller... ... ...to be informed that as I no longer had an active account the instrument from the federal government in my hand was not actually redeemable.
It was hard at the time, but in retrospect I am very glad that I learned this lesson at a young age.
