Bitcoin in El Salvador: Are cryptocurrencies going mainstream? | New Scientist
Thought you might find this interesting.
Apparently in Russia there has been a surge of buying of Crypto as the fall of the rouble was predicted.
Seems like a good vessel to look after your wealth without the control of government looters.
It could be the way now.
I have a few questions to ask you but I'll do that later.
The group "Anonymous" have offered bitcoin to every Russian tank that turns back from the invasion..... with specific instruction on how to claim it
What next
Thanks Plum. My question is how to buy Bitcoin if you are not in the country through digital means Can I contact you privately as I do not want to discuss this over a public forum with exposure to hysterical lunatics that are sabotaging any facts or sense over the internet.
Yeah, you are sadly spot-on about Shark...never have I seen such tripe from a person who does not have the foggiest clue of what he is talking about. There is a saying, "that a little knowledge (and this case probably regurgitates something he read and does not grasp) is more dangerous than any knowledge at all" something I've seen in life but never thought I would see this adage manifest itself in such form. A fool that robotically reacts without any deep thought to every action with the most stupid replies. As thick as 3 oak planks placed upon each other. Irritating, but one can understand this from a charlie that sells pop-ups for his livlihood, poor chap, Sharkie I know you mean well...thanks for your input, it's the kind thought that counts.
WHOOOSH!!!
Thank you Plum much appreciated.
Thanks Plum but 8 remain unconvinced.
I anticipate if the Globalist get their World Government the internet will be totally controlled.
But of course it's a matter of timing. In the meanwhile it's possible money can be made.
Take care.
So ButtPlug as I predicted, Bitcoin has been hit like every other currency.
Like I said before, I actually know very little about Bitcoin, but I did say market value is established by supply/demand.
So Bitcoin is not a miracle currency that can endure market forces...
The 1st people to buy lots of Bitcoin are the ones who made the money, but as more people buy it, it just turns into another currency where supply exceeds demand.
If all currencies were replaced with Bitcoin, it would have little impact on the volatility of bear and bull markets.
It has been like this since we know, and no reason to see why it will ever change with newer technology...
How much would you pay for a glass of water? Nothing?
What if you were in a desert dying of thirst...
Would you prefer a diamond bigger than the Star of South Africa or a glass of water?
Yes, VisKop...BTC and the S&P have been correlated for some time.
"The 1st people to buy lots of Bitcoin are the ones who made the money, but as more people buy it, it just turns into another currency where supply exceeds demand."
What type of returns are you accustomed to if you say that the ones who made money were early investors? If you bought in 2013, then you killed it....obviously. However, from December 2018 to November 2021 it did roughly 16x.
Adding to that, Blockchain developers are solving a ton of problems across so many sectors. Take for example your sector, Viskop...
Full Article "Blockchain is very much a new solution to old marketing problems. It can improve cost and operations efficiency by removing the need for third-parties to be in financial transactions, email, or other kinds of advertising."
- How much capital does crypto on-board simply from that sector? Facebook is really a 3rd party, isn't it? Also, don't they take ownership of whatever you upload to them? Whereas, with NFT technology you can own the rights to all your uploads and revenue from your content goes directly to you. Those revenues can be staked back into the chain to earn yield. Here, crypto not only remedies a problem but opens up entirely new avenues of business with licensing, trading, sale, etc.
Most people predict that there will be a Layer 1 shortage due to the sheer volume of demand as existing technologies are replaced and also altogether re-imagined and relocated to blockchains. Some L1s will fail for differing reasons. We saw that with Luna and its stablecoin as well as Celcius and its staking/borrowing services. Tons of chains will fail and this bear market is showing that as the cash tide goes out, some people are wearing no clothes. It's really not surprising.
The only real surprise of this bear market was Do Kwon being dumb enough to announce on Twitter how much BTC the Terra chain had. Though, there are now stories coming out that his Ethereum wallet played a role in the collapse of his coin...fishy!
Where we are right now in the market is probably very close to the best time to buy for the next bull cycle. We are near all-time high fear on the Fear & Greed index and just pre-BTC halving, sitting likely near the market bottom, as is historically always the case pre the halving event.
Nothing in life is certain but it's my feeling that if you miss out on the coming run you may be kicking yourself. With the amount of blockchain adoption, concurrent hardware development in internet accessibility and mobile devices, the unbanked market and the many many issues that blockchains are solving...I'm pretty sure you'll be kicking yourself if you're not buying anything at this time.
Viskop, write this down somewhere in your office...(Monday 20th June 2022 - Buttplug says to buy £1,000.00 FTM @ $0.23c and to sell it when we get to 70 on this F&G index).
FTM is a newish chain with very high transactions per second. The consensus mechanism it uses is novel with high scalability and it allows for EVM(plugging into other blockchains... a bit like Bootcamp on a Mac allowing for Windows to be run on it). It was developed by a guy called Andre Cronje who is one of the demigods in the industry and also a South African.
And there's your crypto update, Viskop.
I do like the idea of using blockchain in my industry of advertising and marketing.
It gives the benefits of not wasting money on irrelevant ad placements while protecting privacy- at least to some degree.
The big issue at the moment is a few Big tech companies getting rich by selling privacy data. If this data is available, it should be available to all companies to use- without having to pay a third party.
I saw something recently where there is an app that allows individuals to sell their personal web usage data directly to advertisers, and thereby skipping these big tech companies and thereby breaking up monopolies.
Here's another article for you, VisKop.
Manufacturers are working on blockchain implementations that might help them improve operations, gain more visibility into supply networks, and track assets with unparalleled precision. Blockchain has the ability to change the way organizations create, manufacture, and scale their goods. Also, it is changing how companies relate because it makes it easier for competitors who have to work together in the same ecosystems to trust each other.
Blockchain can increase openness and accountability at every step of the industrial value chain, from getting the raw materials to delivering the final product. In this short review, we shall look at the different ways the manufacturing industry can leverage blockchain in its processes.
All manufacturing businesses are based on supply chains. Most of them can use the blockchain’s distributed database structure and block-based framework to categorize value-exchange transactions to make them more efficient. By scaling supplier time delivery, product quality, and track-and-traceability, manufacturers can better meet delivery schedules, enhance product quality, and start selling more.
Transparency in the supply chain is very important for manufacturers. Food companies have to follow the “one up, one back” stipulation, which means they have to keep track of where food comes from and where it goes. With blockchain, they can keep track of shipping information, storage temperatures, and the expiration dates of their produce. In this way, food companies can determine precisely what batch of produce has gone bad and recall it before it reaches the customer.
Car manufacturers also have to keep track of their suppliers all the way to the customers who buy their vehicles. Using blockchain technology, automakers can give each car part a unique identifier. This makes it easier for them to find problems faster and figure out what caused them.
It’s vital for manufacturers to have smooth warranty management processes to not only stop fraud and keep costs low but also to give customers a great experience. Companies face many problems, from false claims and fake goods to misconceptions about warranty coverage.
The manufacturing industry loses billions of dollars due to fraudulent warranty claims. One study estimated that the cost could be as high as $2.61 billion yearly.
When manufacturers have to deal with fraudulent warranty claims, it often costs them more money because it uses up their resources. But with blockchain, businesses can check the information about a product by creating an unchangeable record that can’t be counterfeited. This can cut down on the number of false claims handled by a manufacturer and improve the process for customers with genuine claims.
It is also possible to recoup lost money and protect a company’s reputation by registering each product on the blockchain registry with a unique identity and key properties. This lets the product be scanned at every step, from when it is made until it is sold, to ensure it is real.
Manufacturers who want to get the most out of their uptime can use business analytics and tools like the Internet of Things (IoT) to discover operational issues before equipment breaks down. Blockchain can enhance this process by adding another layer of visibility and accountability, making it easier to get the right parts to the right place at the right time. Using blockchain, maintenance work orders could also be sent securely to different service vendors, and the best match can then be chosen automatically depending on location, expertise, and availability.
To make it easier to hire outsourced maintenance, manufacturers can add service contracts and installation records for each of their equipment to a blockchain. The blockchain can then make it possible for scheduled maintenance and payments to be made automatically.
An item that needs to be fixed can send out a service request and create a smart contract for the work. The blockchain record can also include information about a machine’s maintenance history that can’t be changed. Such applications will make machinery more reliable and make it easier to track its wear and tear.
The immutability of blockchain technology means that it is uniquely suited to act as a document of proof, a record of ownership, or proof of process. As such, the technology can be used to keep track of the steps required in policing highly-regulated manufacturing environments such as food production, pharmaceuticals, and hazardous materials.
Recording actions and outputs on a blockchain will create an immutable audit trail for regulatory authorities to efficiently and reliably verify compliance.
Additionally, regulators can get near-real-time access to manufacturers’ data, allowing them to be more proactive in their work.
Manufacturing has always been seen as a sector resistant to change. But technologies like blockchain, artificial intelligence (AI), and machine learning (ML) are slowly revolutionizing the industry. By providing a secure, unchangeable, and transparent distributed ledger, blockchain can help improve processes, cut costs, and enhance the manufacturing ecosystem as a whole.