rahim066 even got one merit for what was written in his local Arabic board. Hope he doesn't use AI there. But what is written in English sections...

Quote from: rahim066 on Today at 05:45:41 PM

If a country decides to pay pensions in Bitcoin, the acceptance of receiving pensions in Bitcoin would likely depend on various factors, including the level of financial literacy, technological infrastructure, and the overall sentiment towards cryptocurrencies within the population.
The benefits of using Bitcoin for pension payments include boosting financial inclusivity, reducing corruption and fraud, and exploring investment opportunities.
Bitcoin's decentralized nature can make pension payments accessible in regions with unstable financial systems, the transparency of Bitcoin transactions on the blockchain could reduce corruption and fraud, fostering confidence among pensioners, introducing Bitcoin as a pension option exposes retirees to an asset with potential returns, diversifying their investments and potentially increasing pension values over time.
However, potential limitations must be considered, bitcoin's price volatility poses a risk, affecting budgeting for pensioners, utilizing Bitcoin requires technological literacy and digital access, which may not be universal, additionally, the lack of regulatory oversight in the cryptocurrency market exposes pensioners to potential risks, overall, while Bitcoin offers benefits, careful consideration and safeguards are crucial to address potential drawbacks and ensure a secure transition to Bitcoin-based pensions.

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Quote from: rahim066 on November 07, 2023, 06:01:32 PM

It is great news for Bitcoin that Ferrari is now accepting it as payment for its cars, even if it is only through a third-party processor, this shows that Bitcoin is becoming increasingly mainstream and that even luxury brands are now seeing it as a legitimate form of payment.
the fact that Ferrari is only accepting Bitcoin in the US for now is not surprising,because the US is still the largest market for Bitcoin, and Ferrari is likely testing the waters to see how popular Bitcoin payments are with its US customers, if Bitcoin payments are successful in the US, Ferrari is likely to expand them to other markets, such as Europe.
i hope that other luxury brands will follow Ferrari's lead and start accepting Bitcoin payments, this would help to further legitimize Bitcoin and make it more accessible to a wider range of people.

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Quote from: rahim066 on November 07, 2023, 05:28:33 PM

I think we should change the way we think about Bitcoin, it is no longer the risky asset it once was, as more and more traditional institutions adopt Bitcoin, its reputation as a safe haven asset will only grow.
the fact that AllianceBernstein, is calling Bitcoin a safe haven and more attractive than gold is a major development, it shows that Bitcoin is becoming increasingly mainstream and that investors are seeing it as a viable alternative to traditional assets like gold.
of course, there is still some risk associated with investing in Bitcoin, it is a volatile asset, and its price can fluctuate wildly, however, the overall trend is positive, bitcoin is becoming more and more widely accepted, and its use cases are expanding.
i believe that we should start calling Bitcoin a "high-reward asset" instead of a "high-risk asset.", it is an asset with the potential to generate significant returns for investors, but it is important to be aware of the risks involved.
knowing that bitcoin has a limited supply of 21 million coins, makes it deflationary, meaning that its value is likely to increase over time, and it is increasingly being accepted by merchants and businesses around the world.

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Quote from: rahim066 on November 07, 2023, 01:32:14 PM

Yes, the high transaction fees on the Bitcoin network are likely due to the listing of Ordinals (ORDI) on Binance.
Ordinals is a new protocol that allows NFTs to be inscribed on the Bitcoin blockchain.
This has led to a surge in demand for Bitcoin block space, which has driven up transaction fees.
ORDI is currently trading at $6.013919 on Binance, this is much higher than the price of ORDI on other exchanges, such as Huobi, where it is trading at around $0.50. This suggests that there is a lot of hype and speculation surrounding Ordinals, which is driving up the price.
There are many other Layer 1 blockchains that have lower transaction fees than Bitcoin, such as Litecoin, Bitcoin Cash, and Dogecoin, i personally use the Litecoin to all my transaction.

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