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11 sats \ 1 reply \ @TopEdged 14 Nov 2022 \ on: Elon Musk Tweets “BTC wil make it, But Might be a Long Winter.” 11/14/22 bitcoin
Difficult to trust the guy and his opinions, especially considering the absolute he has been making of Twitter.
Low-interest rates for over a decade have made big-ticket purchases on assets including real estate more accessible while driving these asset prices through the roof. Massive mortgage payments or rents, unaffordable rates of health care costs, education loans - overall the liveability in the USA for an average earner is rather low by all counts. There needs to be a hard reset somewhere.
However, by the looks of it - he is a caretaker PM till the next general election - a year at max by optimistic accounts. The 30-point gap is too wide for his government to bridge come what may. Need to hope for a more favourable reception from the government's left of centre.
Great Initiative - incentivising individuals to post reviews is true democratisation of content on the Internet. A lot like the stacker news - except targeted for reviews. Are you guys intending to open up the reviews to non-crypto products as well?
Whatever the drama that unfolded, got to give it to the British. At least they have a situation where non performing premiers can be booted out or held accountable. A lot of the so-called democratic countries in the world dont seem to have that privilege. Having said that, the rest of the world can sit with a box of popcorn watching the circus unfolding at the helm of our "colonial masters"
Any currency has 3 functions - store of value, unit of account and a medium of exchange. Whether it be the dollar, euro, bitcoin, any piece of paper or even tulips can perform the last two functions. The issue with regular currency is with the first function. The value of currency is subject to centralized control essentially reducing the worth of your earnings and assets over time. Right to Property is an established human right. Ensuring that your property and earnings holds value and the value isn't subject to the whims and fancies of an external agent is key to maintaining personal liberties. This is where Bitcoin comes in. It's deflationary and decentralized by design. It promotes financial inclusion and is disruptive and cuts across borders. It has a revolutionary potential and it solves the fundamental problems of today's floating currencies
Honestly, he has been made a scapegoat for the overall inefficiencies of the Liz Truss Government. Unsound fiscal policy at odds with the monetary policy is a guaranteed recipe for disaster.
The currency devaluation in Turkey is opening up spaces for digital currency uptake in Turkey. Inevitable that people would switch if local currencies cannot perform it's primary function - that is store of value
This problem is not restricted to Latin America but also to South Asia and other parts of the developing world. The kind of control over global macroeconomics and individual lives that the Federal Reserve decisions have is outrageous. Precisely why we need greater decentralization.
100 sats \ 0 replies \ @TopEdged OP 13 Oct 2022 freebie \ parent \ on: How to deal with Scam projects? bitcoin
While i agree that the solutions are limited and our hands are tied in dealing with such projects, It's difficult to pit the blame on the people who invest don't you think? Individually yes, lack of due diligence should most definitely be blamed. But from a community point of view, to make sure that adoption of Bitcoin is fully realised - it is counterproductive to blame individuals for not being smart enough. I believe this approach is not inclusive enough which is primarily what the Bitcoin ecosystem intends to do. A community led project verification mechanism could and should be there to raise trust in the vision I believe.
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