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    • Sun, Feb 21, 2021 - 05:50pm

      #14
      XZBD2

      XZBD2

      Status Member (Offline)

      Joined: Apr 15 2020

      Posts: 6

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      A Peek into the Bitcoin Rabbit Hole

    I’m certainly no expert, but I will add my opinion.  I believe it is not just the ethos that is driving the adoption, though when you develop in an environment without intellectual property rights it becomes a larger motivator and without that barrier to information flow innovation occurs too fast to even keep up with. The main driver is the network effect with the more people that join the network the more valuable it and you become.  The main reason I don’t think our government will ban it is that it has become too powerful of tool. If you listen to what the regulators at the SEC and OCC are saying, they make it clear their objective is to make sure the businesses are compliant with the rules and regulations that they are working to clarify as quickly as a giant government bureaucracy can.  There are now crypto banks, crypto loans, soon or possibly already crypto mortgages, crypto futures, crypto art and other collectables. Soon crypto financial instruments of all kinds, stocks bonds, derivatives and yet to be imagined.  Even payment of taxes( only one state so far).  There will be no reason to leave back into the fiat world.   If you use the Brave browser you get paid in crypto to suffer through the ads or use Rokfin to earn crypto for providing content.  Yes, Visa is paring with companies such a Zap (strike app) to offer “free” nearly instantaneous money transfer anywhere in the world. (Note there is no cap gains tax, because they, not you, hold the crypto while it is being transferred and it happens fast enough there is little risk of currency swings.)   While bitcoin was promoted as anonymous, as the sad story of Dread Pirate Roberts illustrates, it is anything but, as the blockchain is right there containing all the transactions and the FBI was able to track them, even those of the corrupt FBI agents, who thought they were covering their tracks.  Since it is open source there are thousand of projects out there working on applying this technology to just about anything you can think of, file storage, shipping, games, even getting around bitcoins inherent transparency.  I think a lot more people are going to lose their job to a crypto currency long before they have to worry about a robot taking it.  They won’t replace the job they just will be made obsolete. Who would put money in a savings account in a bank when you can easily earn 8% on a stable coin in an insured depository, that you could then transfer anywhere in the world is seconds for free or a few pennies? Note for those that haven’t jumped in yet the biggest hurdle is that in many cases there is no one in charge of your transaction so if you screw up there is no one to turn to but yourself and it is always nicer to be able to blame someone else for your problems.

    • Sun, Jan 24, 2021 - 10:23am

      #2
      XZBD2

      XZBD2

      Status Member (Offline)

      Joined: Apr 15 2020

      Posts: 6

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      Medcram: Clean Air, Covid, Health. MUST WATCH

    Agreed well worth watching.  Here is a link directly to the youtube video:

    and here is a link to how to build your own hepa filter cheaply;

    As far as solutions for chemicals in the environment you may find the work of John Warner’s work with “green chemistry”. for example:

    https://bioneers.org/tag/green-chemistry/

    Also if you haven’t heard it Ray Anderson’s transformation of Interface carpets.  Here is a nice intro to that story

     

     

     

     

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