Bitcoin, Cryptocurrency, and the Future of Global Finance

#451
#451
Rasputin_Vol said:
1. @20:00, he used the Robinhood example but didn't really explain how someone would be able to take control of their assets
2. @ he didn't explain how using DEFI you get better yields/interest rates
3. @56:50, how/who will enforce smart contracts?
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3 is the same parties enforcing regular contracts (mainly the courts)
 
#453
#453
n_huffhines said:
3 is the same parties enforcing regular contracts (mainly the courts)
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I was really hoping the video you posted would offer some details about how blockchain could be used, but it was 2 hours of two guys playing around with philosophical ideas Highly disappointed.

Which leaves me to what I fear blockchain could be used for:
1. Each person will be given a certain amount of data by the state consisting of financial info, health info, real time health status, passwords or access to physical locations,
2. Any one item can have a positive or negative affect on other attributes within your block of data
3. The government can either turn on or enhance certain attributes (such as allowing you access to airports for travel or allows you entry into a stadium or arena) or can turn them off (turn off those same attributes as well as limit your ability to buy.
4. This also allows govts/central banks to use digital currency with negative interest rates, in other words, they could print infinite money yet put a time limit on how long you have to spend it, or place daily caps on how much you can spend, or gradually weaken you purchasing power over time.
 
#454
#454
VolStrom said:
Let's make a bet. $100 on bitcoin today and $100 on the S&P 500 index fund. One year from today let's see which one is worth more money.
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LOL it is to late to get in on any worthwhile multiplier on Bitcoin But I am quite happy with my January entries into XRP this year as they are hitting 700% and still going!! Will S&P 500 touch those numbers?

Speaking of bubbles and corrections I feel bad for the folks in the over priced debt inflated stock market.
 
#455
#455
Rasputin_Vol said:
I was really hoping the video you posted would offer some details about how blockchain could be used, but it was 2 hours of two guys playing around with philosophical ideas Highly disappointed.

Which leaves me to what I fear blockchain could be used for:
1. Each person will be given a certain amount of data by the state consisting of financial info, health info, real time health status, passwords or access to physical locations,
2. Any one item can have a positive or negative affect on other attributes within your block of data
3. The government can either turn on or enhance certain attributes (such as allowing you access to airports for travel or allows you entry into a stadium or arena) or can turn them off (turn off those same attributes as well as limit your ability to buy.
4. This also allows govts/central banks to use digital currency with negative interest rates, in other words, they could print infinite money yet put a time limit on how long you have to spend it, or place daily caps on how much you can spend, or gradually weaken you purchasing power over time.
Click to expand...

When the internet came about, you might have raised a lot of valid concerns about how government could use the internet against us and the privacy issues and all that, and with the benefit of hindsight my response is "IDC, bring on the internet."
 
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#457
#457
reecetn said:
LOL it is to late to get in on any worthwhile multiplier on Bitcoin But I am quite happy with my January entries into XRP this year as they are hitting 700% and still going!! Will S&P 500 touch those numbers?

Speaking of bubbles and corrections I feel bad for the folks in the over priced debt inflated stock market.
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how are you feeling about the SEC case against XRP? If it gets cleared up and they put XRP back on coinbase it's going to fly.
 
#458
#458
theFallGuy said:
how are you feeling about the SEC case against XRP? If it gets cleared up and they put XRP back on coinbase it's going to fly.
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The SEC has been the laughing stock of the world so far. Most every other nation in the world has declared XRP a currency and 80 Central Banks are already using a private XRP Ledger. It will only hurt the US if the SEC does not pull its head out of its @$$.

This Thursday may be the beginning

specifically this part

The subject matter of the closed meeting will consist of the following topics:

  • Institution and settlement of injunctive actions;
  • Institution and settlement of administrative proceedings;
  • Resolution of litigation claims; and
  • Other matters relating to examinations and enforcement proceedings.
 
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#459
#459
reecetn said:
The SEC has been the laughing stock of the world so far. Most every other nation in the world has declared XRP a currency and 80 Central Banks are already using a private XRP Ledger. It will only hurt the US if the SEC does not pull its head out of its @$$.

This Thursday may be the beginning

specifically this part

The subject matter of the closed meeting will consist of the following topics:

  • Institution and settlement of injunctive actions;
  • Institution and settlement of administrative proceedings;
  • Resolution of litigation claims; and
  • Other matters relating to examinations and enforcement proceedings.
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I've also read Ripple is interested in going IPO. I think I'm going to buy some more this week.
 
#466
#466
Couple weeks ago Coinbase was giving away a few dollars of free COMP if you listened to their presentation. I did it, liked what they said and bought a few. Pair that with ethereum we purchased and it's been an interesting month. Few more like this and we'll have the house paid off 😁
 
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#467
#467
theFallGuy said:
dogecoin has been going on a tear all week. It's just printing me money. I love it. LOL
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I bought $200 as a joke at $0.05 and set it up to sell half at $0.10 to get my investment out. I was on Robinhood, which I have never used otherwise, and apparently I accidentally set it up to sell 90% at $0.10. That's turned out to be a $500 mistake so far.
 
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#468
#468
n_huffhines said:
I bought $200 as a joke at $0.05 and set it up to sell half at $0.10 to get my investment out. I was on Robinhood, which I have never used otherwise, and apparently I accidentally set it up to sell 90% at $0.10. That's turned out to be a $500 mistake so far.
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Currently hit 60 cents and broke robinhood servers. Lol
 
#475
#475
theFallGuy said:
I firmly believe this will hit a dollar soon. I've been holding a long time so I have no reason to get out now with these gains.
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When it hits a dollar buy the dip 'cause it's gonna get to 10
 
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