We can complain about immigration and illegal immigration, but it's more important to do our part and then help others. Respecting private property, entrepreneurship, the market economy, economic principles, and common sense, and recognizing the negative impacts of high taxes, excessive government regulation, and welfare states on the social atmosphere, economic development, and individual freedom are far more important.
4. Watch out for fake news.
I don't surf (kite surfing is a diff sport). Dubai is not even a surfing destination. There is Surf Abu Dhabi, worlds largest man made surf place, which I haven't tried yet. No rip current there. Let's go together?
Please tell me a detailed story about Ponzi schemes. You'll then realize that Bitcoin investment is different from a Ponzi scheme, and high-risk financing is not the same as a Ponzi scheme. Financing to invest in gold and financing to invest in Bitcoin are exactly the same.
@Strategy You mean it's the largest Ponzi in the world. Investors don't want Bitcoin. They want the 11.5% yield. But that yield is financed by a pure Ponzi scheme, except when you run out of new investors you have a legal right to stop paying old investors. Then SRTC crashes to zero.
Peter Schiff made an "ad" in favor of Bitcoin 13 years ago.
Crazy to listen to it today.
My theory: Bitcoin was tiny and worth little.
It posed no threat to his gold thesis.
Once Bitcoin started running, he Schiff-ted.
ADAM BACK JUST ABSOLUTELY DESTROYED #BITCOIN QUANTUM FUD LIVE ON BLOOMBERG
QUANTUM COMPUTERS ARE "EXTREMELY BASIC"
WE STILL HAVE "A DECADE" TO PREPARE
DON'T BELIEVE THE FUD. HODL 🚀
I am an Austrian School economist, and I believe that the core of economic theory is a priori. I am an anarcho-capitalist and a follower of Rothbard's economic theories. However, this does not mean I oppose Hayek's practical spirit in political reform, nor does it mean I oppose using quantitative methods to analyze current economic problems and make practical contributions to global freedom. I believe in learning by doing. I do not believe that what is self-deduced from a utopian world is a universal truth.
Saw some people panicking or asking about quantum computing's impact on crypto.
At a high level, all crypto has to do is to upgrade to Quantum-Resistant (Post-Quantum) Algorithms. So, no need to panic. 😂
In practice, there are some execution considerations. It's hard to organize upgrades in a decentralized world. There will likely be many debates on which algorithm(s) to use, resulting in some forks.
And some dead project may not upgrade at all. Might be a good to cleanse out those projects anyway.
New code may introduce other bugs or security issues in the short term.
People who self custody will have to migrate their coins to new wallets.
This brings to the question of Satoshi's bitcoins. If those coins move, then it means he/she is still around, which is interesting to know. If they don't move (in a certain period of time), it might be better to lock (or effectively burn) those addresses so that they don't go to the first hacker who cracks it. There is also the difficulty of identifying all his addresses, and not confuse with some old hodlers. Anyway, it's a different topic for later.
Fundamentally:
It's always easier to encrypt than decrypt.
More computing power is always good.
Crypto will stay, post quantum.