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Messages - Peter90

Pages: 1 2 [3] 4 5 ... 52
31
Bitcoin Forum / Re: What Happened To Bitcoin?
« on: April 20, 2024, 04:29:25 PM »



"The story you will read here is of tragedy, the chronicle of an emancipationist monetary technology subverted to other ends. It’s a painful read, to be sure, and the first time this story has been told with this much detail and sophistication. We had the chance to free the world. That chance was missed, likely hijacked and subverted.

Those of us who watched Bitcoin from the earliest days saw with fascination how it gained traction and seemed to offer a viable alternative path for the future of money. At long last, after thousands of years of government corruption of money, we finally had a technology that was untouchable, sound, stable, democratic, incorruptible, and a fulfillment of the vision of the great champions of freedom from all history. At last, money could be liberated from state control and thus achieve economic rather than political goals—prosperity for everyone versus war, inflation, and state expansion.

That was the vision in any case. Alas, it did not happen. Bitcoin adoption is lower today than it was five years ago. It is not on a trajectory of final victory but on a different path to gradually increase in price for its earlier adopters. In short, the technology was betrayed by small changes that hardly anyone understood at the time."

zerohedge.com


32
Bitcoin Forum / What Happened To Bitcoin?
« on: April 20, 2024, 04:23:42 PM »
"Those who involved themselves in Bitcoin markets after 2017 encountered a different operation and ideal than those who came before. Today, no one much cares about what came before, speaking of 2010-2016. They are only watching the upward price momentum and are thrilled for the increase in the asset valuation of their portfolio.

Gone is the talk of separating money and state, of a market-based means of exchange, of genuine revolution that would extend from money to the whole of politics the world over. And gone is the talk of changing the operation of money as a means of changing the prospects for freedom itself. The enthusiasts around Bitcoin have different goals in mind.

And during this entire period, the exact time when this digital asset might have protected multitudes of users and businesses from rapacious inflation growing out of the worst and most globalized experience of corporatist statism in modern history, made possible due to the money monopoly of central banks that funded the operation, the original asset that carries the symbol BTC was systematically diverted from its original purpose.

So, yes, I became an early enthusiast, writing hundreds of articles, even publishing a book in 2015 called Bit By Bit: How P2P Is Freeing the World.

I could not have known it at the time, but those were in fact the last days of the ideal and just before the protocol came to be controlled by a consolidated group of developers who jettisoned entirely the idea of peer-to-peer cash to turn it into a high-earning digital security, not a competitor with state-based money but rather an asset designed not to use but hold with third-party intermediaries controlling access."

zerohedge.com

33
Bitcoin News & Updates / Re: Will Hong Kong BTC ETFs Spark The Halving rally?
« on: April 20, 2024, 04:13:19 PM »
Quote from: TomPluz on April 20, 2024, 03:20:13 PM
I am expecting some impact for Bitcoin that this approval of ETFs in the Hong Kong market though everything will depend on the volume of the demand this platform will be creating.

I still don't understand whether and how easily Chinese can trade in HK.
If they can, HK BTC ETFs inflows will be massive.
If they can't, those ETFs will be inconsequential - I think

34
Cryptocurrency discussions / Re: Do you fear an "Operation Choke Point 2.0" in your country? (Poll)
« on: April 19, 2024, 12:33:09 PM »
The feds are trying to stifle Bitcoin and crypto with draconian new regulations


In response to the Treasury Department’s requests, a new bill called the ENFORCE Act is being floated to expand existing money laundering rules into the crypto sector even more harshly than it is applied to traditional fiat currencies.

It would also require filing Suspicious Activity Reports with the Financial Crimes Enforcement Network for any “suspicious transaction that it believes is relevant to the possible violation of any law or regulation,” beginning at $2,000.
This overly broad definition extends to any crypto transactions that “serve no business or apparent lawful purpose” as determined by any crypto exchange, and they would be legally required to withhold information of this report from the customer.

While this bill is much less harsh than similar proposals from anti-crypto firebrand Sen. Elizabeth Warren, it would provide stricter rules and procedures for crypto companies than the traditional banking sector.
For the average American consumer and user of cryptocurrencies on custodial services, that means there would be more scrutiny and surveillance at a smaller threshold on Coinbase than Bank of America.

Rather than embracing the permissionless innovation that Bitcoin and its cryptocurrency offspring provide, these rules would force yet more financial surveillance and regulatory compliance on the next iteration of digital money, artificially choking the growth of this industry.

It would also cause even more Americans to be caught up in the dragnet of “de-banking” for crypto, as institutions would rather cut off customers’ access to their services rather than comply with the unreasonable requirement of Suspicious Activity Reports for transactions above a small threshold, as we already see in the traditional banking system.

Because these reports have no inherent justification or process many bank customers have had their accounts closed or suspended without due process. Many are likely to be minorities, the underbanked, and politically active or religious groups.


theblaze.com





How does the forum deal with fake news?

Don Pedro Dinero

famososMuertos

Zed0X

MrSpasybo

bitterguy28

admin

bitmover

hugeblack

Hello ignorants
I know it's boring reading articles
next time inform yourself before group-defecating on other users

35
Economics , Sociology & Politics / Re: Gold, de-dollarization, global economy
« on: April 18, 2024, 11:17:14 AM »
Quote from: DrBeer on April 16, 2024, 08:08:22 PM
Quote from: Peter90 on April 16, 2024, 10:13:34 AM
Quote from: DrBeer on April 15, 2024, 07:34:47 PM
I looked at the data, decided to double-check. It's just some weird "arithmetic"... Please check in Excel by calculating the given data using the "average" formula. I get, to put it mildly, a different picture ... Where is the problem?



Somehow now I have doubts about the data from Statista ...

I think the author, Katharina Buchholz, has considered the different population of those countries.

For example, given that Philippines 120 millions people and Indonesia 280 millions...
...maybe the survey didn't ask 100 Philipinos and 100 Indonesians, but 40-50 Filipinos and 100 Indonesians
...or they asked 100 Filipinos and 100 Indonesians but at in the final numbers (those in the graphic) they weighed the answers from Indonesia double compared to those from the Philippines

A good question for
Katharina Buchholz
Data Journalist
[email protected]

https://www.statista.com/chart/32058/preference-for-us-china-as-ally-among-asean-countries/


I was honestly thinking the same thing. But no. I'll tell you why. The first explanation is purely arithmetic. The sum of the population in the block "for China" - about 388 million, "for the U.S." - 290. Total - no matter how you twist the numbers - the result indicated in the "analyte" does not work out. And let's be honest - to speak for all people is probably very wrong, you will not claim that 580 million respondents were surveyed !???

The second and simpler explanation: not a very successful attempt at manipulation. This is from personal long experience of reading different sources of information. What I wrote earlier on "discrepancy of statements in statistics and reality" - this is not a complaint to you, it is just informing you that the source of information, to put it mildly.... is a liar, whether intentionally or not is a good question :)

Very often, journalists write to convey what they need to convey, and at the same time they do not squander such "tricks" with figures and with presenting information in a "favorable way". Therefore, I try to check all the data that cause doubts or may distort reality. Nothing personal, just issues of "information hygiene" :)

PS I always recommend to check those materials that you do not like (contradict your opinion), as well as those that fully coincide with your point of view - believe me, "life will play with other colors" :).

Statista has nothing to do with the numbers

If you had followed the link that I posted you had found the original source
https://www.iseas.edu.sg/wp-content/uploads/2024/03/The-State-of-SEA-2024.pdf

If you have a problem with the numbers you should go after the authors of the survey, not after Statista


The State of Southeast Asia 2024 Survey Report
is published by the ASEAN Studies Centre at ISEAS - Yusof Ishak Institute

If you have any comments or enquiries about the survey, please email us at [email protected]

Joanne Lin
Melinda Martinus
Kristina Fong
Indira Aridati
Pham Thi Phuong Thao
Damon Chee

The authors are researchers at the ASEAN Studies Centre, ISEAS – Yusof Ishak Institute.
30 Heng Mui Keng Terrace, Singapore
.....................................




In my previous reply I suggested to contact the author of the article

Katharina Buchholz
Data Journalist
[email protected]

You didn't
I did

Mrs Buchholz is not very happy about your allegations
Better to ask people directly before questioning in public their professionality

If I were you I'd briefly apologise to her,
do it here, she's watching

36
USDT Forum / Re: USDT is The Most Stable Coin?
« on: April 17, 2024, 06:55:44 PM »
Quote from: NikeFit_7777 on April 17, 2024, 01:56:59 PM
the bill requires issuers to build reserves in fiat and equivalents at a 1-to-1 ratio
= the end of USDT
 :D



“Passing a regulatory framework for stablecoins is absolutely critical to maintaining the U.S. dollar’s dominance..."

Hello USDT users
you are supporting the US dollar dominance

37
Bitcoin Forum / Re: BTC and ETH ETFs approved by the Hong Kong Securities and Futures Commission
« on: April 17, 2024, 12:58:47 PM »
Quote from: rdluffy on April 15, 2024, 08:45:42 PM
some Chinese companies will buy this ETF without worries about China policy

This is what I thought,
but now I'm not sure anymore.

As I understand it now, Chinese cannot simply trade on the HK Exchange, so it's not sure whether Chinese will be able to trade these ETFs.
Could it be seen as capital flight?

38
Stable Coins Forum / Re: The 6 Types of Stablecoins (Poll)
« on: April 17, 2024, 12:50:21 PM »
Quote from: Wiseman on April 16, 2024, 07:33:52 AM
I think that support with ordinary fiat currencies such as the euro and dollar is enough.

Hi Wise
if stablecoins must protect from inflation, support with fiat currencies isn't enough.

Look how much purchasing power stablecoins supported by the USD has lost since 2000





In order to protect from inflation a Stablecoin must be supported by a hard currency

39
Economics , Sociology & Politics / Re: Gold, de-dollarization, global economy
« on: April 17, 2024, 10:46:59 AM »



Norway producing almost all electricity from water.
Impressive

Vietnam producing 40% from water!
Does Vietnam have big rivers?
Who knew

40
Economics , Sociology & Politics / Re: Gold, de-dollarization, global economy
« on: April 16, 2024, 07:53:02 PM »

41
Crypto Exchanges / Re: Kinesis Exchange
« on: April 16, 2024, 05:12:04 PM »
Kinesis Pro

The development of Kinesis Pro, Kinesis’ professional cryptocurrency trading platform, is nearing its completion ahead of the official launch. 
With a focus on high liquidity trading pairs, cutting-edge trading tools, and top-tier security measures, the exchange is poised to deliver a premium cryptocurrency trading experience to all Kinesis users seeking to diversify their digital asset portfolio.
Furthermore, the new Kinesis Pro website will provide regular cryptocurrency news updates, blogs and market insights tailored to traders.

https://kinesis.money/company-news/q3-q4-2023-ceo-quarterly-update/

42
Economics , Sociology & Politics / Re: Why do we pay taxes?
« on: April 16, 2024, 10:34:20 AM »
Quote from: DrBeer on April 14, 2024, 01:47:19 PM
I have already written, if we are talking about a real gold standard - this scheme will not work, for a banal reason - there are no mechanisms to verify the real gold reserves of the holding countries.

Of course there are
they are called audits


If you say, gold standard can't work today, it's your opinion.
I disagree, but I respect it.

If you say, gold standard was abandoned because it didn't work, that's factually false.
Gold standard was abandoned not because it didn't work.
It worked very well.
It was a political decision.
The US gov needed money in order to keep throwing bombs on the Vietnamese

43
Economics , Sociology & Politics / Re: Gold, de-dollarization, global economy
« on: April 16, 2024, 10:13:34 AM »
Quote from: DrBeer on April 15, 2024, 07:34:47 PM
I looked at the data, decided to double-check. It's just some weird "arithmetic"... Please check in Excel by calculating the given data using the "average" formula. I get, to put it mildly, a different picture ... Where is the problem?



Somehow now I have doubts about the data from Statista ...

I think the author, Katharina Buchholz, has considered the different population of those countries.

For example, given that Philippines 120 millions people and Indonesia 280 millions...
...maybe the survey didn't ask 100 Philipinos and 100 Indonesians, but 40-50 Filipinos and 100 Indonesians
...or they asked 100 Filipinos and 100 Indonesians but at in the final numbers (those in the graphic) they weighed the answers from Indonesia double compared to those from the Philippines

A good question for
Katharina Buchholz
Data Journalist
[email protected]

https://www.statista.com/chart/32058/preference-for-us-china-as-ally-among-asean-countries/

44
Bitcoin Forum / Re: BTC and ETH ETFs approved by the Hong Kong Securities and Futures Commission
« on: April 16, 2024, 09:55:56 AM »
Quote from: electronicash on April 15, 2024, 10:38:37 PM
i only see one investment management company filing though.

Look above, the 1st post:
HashKey Capital
Bosera Asset Management
China Asset Management
Harvest Global Investment



Did you know the difference between In-kind ETFs and Cash-create ETFs?
HK ETFs will be In-kind
USA ETFs are Cash-create

"The Hong Kong regulator reportedly approved that the spot Bitcoin and Ether ETFs will be launched as in-kind ETFs, meaning new ETF shares can be issued using BTC and ETH.
The in-kind creation model is opposed to the cash-create redemption model, which allows issuers to create new ETF shares only with cash.
Spot Bitcoin ETFs currently use the cash-create model in the United States as local securities regulators opted for this redemption method.

“The in-kind subscription model for the spot BTC and ETH ETFs in Hong Kong represents a substantial innovation,” OSL board chairman and CEO Patrick Pan told Cointelegraph.
“This mechanism enhances market liquidity by allowing the direct exchange of the asset for ETF shares, reducing reliance on cash settlements and facilitating uninterrupted trading flows,” he added, stating:
“This principle is essential for ensuring market stability and is consistent with practices in both digital and traditional asset ETFs.”

zerohedge.com


Quote from: pawel7777 on April 16, 2024, 12:06:12 AM
I don't suspect they are already tradeable, it'll probably take at least a day or two.

2 weeks
"According to reports, HKEX will need roughly two weeks to finalize listing procedures and other arrangements after the SFC’s approval."

45
Bitcoin Forum / Re: BTC and ETH ETFs approved by the Hong Kong Securities and Futures Commission
« on: April 15, 2024, 05:13:15 PM »
Do I understand it right, that these investment companies sought the ETFs approval in April and they received it in the same month?

In the USA the approval process lasted years, with lawsuits etc...
whereas in China a couple of weeks?

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