Home
Donate!
Articles
CHAT!
Shop
|
Welcome to Spiritual Forums!.
We created this community for people from all backgrounds to discuss Spiritual, Paranormal, Metaphysical, Philosophical, Supernatural, and Esoteric subjects. From Astral Projection to Zen, all topics are welcome. We hope you enjoy your visits.
You are currently viewing our boards as a guest, which gives you limited access to most discussions and articles. By joining our free community you will be able to post messages, communicate privately with other members (PM), respond to polls, upload your own photos, and gain access to our Chat Rooms, Registration is fast, simple, and free, so please, join our community today! !
If you have any problems with the registration process or your account login, check our FAQs before contacting support. Please read our forum rules, since they are enforced by our volunteer staff. This will help you avoid any infractions and issues.
|
25-11-2021, 04:57 AM
|
|
Master
Join Date: Oct 2010
Location: Australia
Posts: 22,270
|
|
|
 |
|
Quote:
|
Originally Posted by BigJohn
Do you plan on moving to El Salvador?
|
I wouldn't go anywhere near a place like Bitcoin city!
__________________
Radiate boundless love towards the entire world ~ Buddha
|
25-11-2021, 05:24 AM
|
|
Master
Join Date: Sep 2018
Location: अनुगृहितोऽस्म
Posts: 16,437
|
|
|
 |
|
|
Why not?
__________________
⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜ ⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜
Happiness is the result of an enlightened mind whereas suffering is caused by a distorted mind.
⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜ ⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜
|
25-11-2021, 06:51 AM
|
|
Master
Join Date: Oct 2010
Location: Australia
Posts: 22,270
|
|
|
|
|
Quote:
|
Originally Posted by BigJohn
Why not?
|
My scene is more like a log cabin in Montana... I'm more flannel than finery.
__________________
Radiate boundless love towards the entire world ~ Buddha
|
25-11-2021, 04:49 PM
|
|
Master
Join Date: May 2021
Posts: 1,014
|
|
|
|
|
Doesn't bitcoin require a huge amount of processing power? I don't quite understand how "bitcoin mining" works. To me, it seems like bitcoin is a cross between a commodity and a credit card. This currency is perfect for criminals, as it leaves no trace. It is ripe for abuse as we see with all the computer hacking/hostage taking and demanding payment in bitcoin. I just don't see the positives outweighing the negatives.
|
26-11-2021, 12:28 AM
|
|
Master
Join Date: Oct 2010
Location: Australia
Posts: 22,270
|
|
|
|
|
Quote:
|
Originally Posted by Traveler
Doesn't bitcoin require a huge amount of processing power?
|
yes.
Quote:
|
it seems like bitcoin is a cross between a commodity and a credit card.
|
that's a good description
Quote:
|
This currency is perfect for criminals, as it leaves no trace.
|
The ledger is open source so anyone can trace any transaction. It's not good for criminal transactions. Criminals use cash because it leaves no trace.
Quote:
|
It is ripe for abuse as we see with all the computer hacking/hostage taking and demanding payment in bitcoin. I just don't see the positives outweighing the negatives.
|
There is some crime going on, but most crime is done in cash and all dirty money is laundered through businesses and banks that we accept as 'normal'.
__________________
Radiate boundless love towards the entire world ~ Buddha
|
29-03-2022, 10:11 PM
|
|
Master
Join Date: Jun 2018
Posts: 3,503
|
|
|
|
Well there you go.
My son has said similar things to you about Bitcoin quite a while ago.
__________________
The universe is made up of experiences that are designed to burn out your attachment, your clinging, to pleasure, to pain, to fear, to all of it. And as long as there is a place where you’re vulnerable, the universe will find a way to confront you with it. - Ram Dass
Last edited by JustBe : 29-03-2022 at 10:53 PM.
|
08-04-2022, 08:46 AM
|
|
Master
Join Date: Oct 2010
Location: Australia
Posts: 22,270
|
|
|
|
|
|
People don't realise how big it is getting, but Strike, the Bitcoin payments platform (also called the lightning network) is being integrated into the biggest retail vendor platforms in the world, like Shopify, Paypal, Square and others.
El Salvador made Bitcoin it's legal currency last year (alongside the US dollar) and now Mexico is thinking about doing the same thing. No one wants to be beholden to the US dollar anymore because they can just freeze and seize all of your reserves. That is not possible with Bitcoin because no owns Bitcoin. It's literally global, and Bitcoin transactions are peer to peer without intermediaries such as Banks or the Swift Messaging system.
It's going to happen pretty quickly that countries will hodl bitcoin like gold reserves and declare it as a national currency, and now that the big retail platforms and payment services are integrating with Lightning, bitcoin is becoming more mainstream as a common global currency - beyond any border as any one country's money.
This will, in the long term, make Bitcoin the global reserve. No one wants another country's money to control their energy, and be subjected to sanctions just because the USA can. The old way simply cannot win this. People now know Bitcoin is safe, reliable, fair, and treats everyone the same no matter what.
This means all the people that the banks oppress by denying access to financial services can participate Global economy. I can send my family coin anywhere in the world by touching my phone. They do not need a bank account - but Bitcoin can;t just be spent anywhere - yet - though that is coming fast.
__________________
Radiate boundless love towards the entire world ~ Buddha
|
25-03-2022, 12:24 AM
|
|
Master
Join Date: Sep 2018
Location: अनुगृहितोऽस्म
Posts: 16,437
|
|
|
|
|
|
One country is thinking about selling their gas and oil via bitcoin payments.
__________________
⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜ ⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜
Happiness is the result of an enlightened mind whereas suffering is caused by a distorted mind.
⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜ ⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜
|
25-03-2022, 02:32 AM
|
|
Master
Join Date: Oct 2010
Location: Australia
Posts: 22,270
|
|
|
|
|
Quote:
|
Originally Posted by BigJohn
One country is thinking about selling their gas and oil via bitcoin payments.
|
I don't think Bitcoin is liquid enough for huge transactions such as in international energy trade, but it will be one day as small modular nuclear reactors (SMR) coupled with green tech are used to localise energy supply and national energy security, and since Bitcoin mines are already integrating with energy supply chains to generate revenues from wastage and stablise fluctuations on the grid, and because it is the most secure monetary asset known to man, I imagine it will be a quazi-financial energy reserve in decades to come.
__________________
Radiate boundless love towards the entire world ~ Buddha
|
| Thread Tools |
|
|
| Display Modes |
 Hybrid Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
All times are GMT. The time now is 09:16 PM.
|
