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Showing 16 of 16 results by Aunt Lydia
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Board Bitcoin Discussion
Re: What will Bitcoin look like in the future?
by
Aunt Lydia
on 18/06/2024, 13:29:18 UTC
The OP makes one post to create this thread on 11th June 2024 and then abandoned it because they did not receive any merits. This is now the 83rd post in this thread yet the OP has made a grand total of just one post.

Instead of calling out the OP for most probably being part of an account farming set-up, most members posting in this thread are just after ways to make enough posts for their signature campaigns.

WUT?
I was busy with other work, and needed you guys to talk a little bit. I don't know what an account farm is, but I was "idea farming" from my post:

So far, your opinions about the future of Bitcoin is the same as what I thought. Not so bright, but only if we know what we're doing.

Like I said, Whitney Webb and Edward Snowden say some scary stuff about the possible future of Bitcoin, mostly about loss of privacy (and thus, indirect government control and surveillance).
Post
Topic
Board Bitcoin Discussion
Re: What will Bitcoin look like in the future?
by
Aunt Lydia
on 18/06/2024, 13:20:09 UTC
The future of Bitcoin is Uncle Lydia?

What is the future of Bitcoin?

As I stated in a different thread, when newbie accounts do not post like a newbie, the chances are they are newly registered accounts operated by a seasoned forum member. Usually they would be part of an account farm for the sole purpose of building them in rank with a view to being enrolled in signature campaigns but sometimes it can be to infiltrate DT for nefarious purposes.

The reality is there are some signs that newbies display that point to alt-accounts and account farms. Your posting shows some of the same traits.


LOL wut? I'm a newbie to THIS FORUM, not a newbie to Crypto. And I am your Aunt Lydia.

I am trying to write some content about Bitcoin and wanted to get the Bitcoin maxies' opinions on its future. So far, the future of Bitcoin sounds quite depressing and terrifying. I've been watching some Whitney Webb interviews on the subject and it's quite depressing to be honest....  Sad
Post
Topic
Board Bitcoin Discussion
Re: What will Bitcoin look like in the future?
by
Aunt Lydia
on 18/06/2024, 13:04:02 UTC
More countries will adopt it, specially the ones focused on individual freedom, and seeing where the world is going... something really cyberpunkish.

Which countries are currently focussed on Individual Freedom? It seems like the whole world is moving more and more towards authoritarian governments...
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Topic
Board Bitcoin Discussion
Topic OP
What will Bitcoin look like in the future?
by
Aunt Lydia
on 11/06/2024, 12:22:03 UTC
What is the future of Bitcoin?

We know where it was in 2009, where it is now (2024), but where is it going?

Will it make everyone free? Will it be regulated and become government controlled?
All normal and crazy theories please  Grin
Post
Topic
Board Economics
Re: BRICS has become eleven countries instead of five.
by
Aunt Lydia
on 05/05/2024, 18:33:41 UTC
Does US even have a healthcare system Cheesy
Last I checked every year millions of Americans traveled to another country specially Mexico for all their medical and dental procedures...

They have the healthcare but only for the top 1% perhaps. Same with University Fees.
These industries seem to be bubbles that will have to burst at some point...
Post
Topic
Board Economics
Re: BRICS has become eleven countries instead of five.
by
Aunt Lydia
on 05/05/2024, 13:39:14 UTC
You don't know what you wish for.
Healthcare all done in the US currency,
Food, Merchant products, Ships, airplanes you name it. All use US$.

Imagine you need to bring someone to a clinic, and you need to sort out what kind of currency can be used. The patient dies.

Well obviously a circular economy running on Bitcoin will include these services.
Why are you on this forum if you don't believe in Bitcoin?
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Topic
Board Economics
Re: BRICS has become eleven countries instead of five.
by
Aunt Lydia
on 04/05/2024, 11:01:19 UTC
Freedom from US is equivalent of being able to dethrone the US government and the US dollar.

I think that's why all of us are in this Bitcoin movement – all of us want freedom from the US dollar and the US govt's effect on our lives... and whatever subsequent world domination that will come after the US hegemony.
Post
Topic
Board Economics
Re: BRICS has become eleven countries instead of five.
by
Aunt Lydia
on 03/05/2024, 13:47:00 UTC
The problem is coming up with an agreement specially with weasel regimes like the Chinese who want to force Yuan on everyone replacing the dollar and nobody wants that Cheesy
It is impossible to predict what they'd do in the end.

I don't think any BRICS member would want to be linked financially to each other with one currency. These countries are all very authoritarian in their own ways and I don't think they trust each other that much  Grin

Why would Brazil want to be linked financially to say, Iran or Russia in case of sanctions or wars or something that has nothing to do with them? No thank you.





Post
Topic
Board Economics
Re: BRICS has become eleven countries instead of five.
by
Aunt Lydia
on 03/05/2024, 13:21:23 UTC

Banking in the 3rd World is still around 1800. They use correspondence banks, meaning the open an account in Citybank and receive the oder there. It takes much more time, it cost much more.

Where do you live?
I lived in several countries and in the developed world it was easy to open a bank account. It takes about 3 to 18 weeks to open one account. 

Tradewise it is a world of difference:
The US, Germany and the UK trade about 200 billion vs 45 Billion from BRICS.
Even if China's citizens buy more the production of China needs more consumers as they don not have enough. 
[/quote]

Banking in the "Third World" is FAR better and technologically modernised than in the USA. The US banks don't even have EFT (electronic funds transfer) where I just put money from my Banking App into your bank account and if we're the same bank, the funds are available immediately. IF you're a different bank from me, I have the option to select "pay and clear now" and for a small fee, the money is available in your account immediately too. IN the US you need third party apps like Venmo. We don't have Venmo because we don't need it. In Kenya they have a payment system that sits on your phone, called M-Pesa. It works different from a bank, it's run by your cellphone service provider. We also do tax returns with eFiling (where your tax return is already loaded into the system you just have to tweak it if you want to upload proof that you have extra deductible expenses).

I live in "third world" South Africa and I can walk into a bank now, and open a bank account within an hour or so. All I need is ID and Proof of Address (like a utility bill or something). Some banks I can even open one online (but they still want to see your face, so after doing the application online you still have to show them your face – we have a law here called FICA (Financial Intelligence Centre Act) that aims to prevent Identity Fraud.

Which countries are you referring to where it takes 3 to 18 weeks?

The Trading thing:
BRICS nations are the biggest PRODUCERS of commodities, Western world is the CONSUMER of commodities. Plus, I don't know why the USA is trying to provoke a war with China: the two economies are so linked and need each other. China makes the stuff and the USA consumes the stuff. So both G7 and BRICS need each other. BRICS can't sell its commodities only to themselves. BRICS doesn't aim to overtake the G7 it just wants to be paid better for the commodities and not be exploited anymore: Niger used to sell Uranium to France at something stupid like 2 cents per kilo, but the market rate is $200/kg. So they have recently raised the price to market value. France is not happy they can't exploit their ex-colonies anymore.
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Board Off-topic
Merits 1 from 1 user
Re: Favorite band of all time (and right now)?
by
Aunt Lydia
on 03/05/2024, 08:48:09 UTC
⭐ Merited by PowerGlove (1)

Why not share yours first mate before us?  Cheesy
Nirvana -  my Highschool mentor in music and up to now even though the band is not in play and the vocalist is dead(Kurt Cobain [/quote]

Oh I'm rather old, I was an adult when Kurt Cobain died Shocked. (but in terms of Seattle grunge bands, I liked Pearl Jam more than Nirvana. But then I also liked Pixies, Souixsie and the Banchees, Morissey, Nine Inch Nails and Sisters of Mercy who were not grunge bands)

My favourite "bands" are very diverse: from Pink Floyd to Lisa Gerrard to Beethoven.....
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Topic
Board Economics
Re: BRICS has become eleven countries instead of five.
by
Aunt Lydia
on 02/05/2024, 18:18:48 UTC
The world will witness a pleasant environment if every alliance and state of the world has a spirit of cooperation and efforts toward development. Experts have debated the currencys hegemony and being perceived as a geopolitical rival of the G-7

So right now, the only countries thirsting for these forever-wars are the USA and Israel (at this point the two seem so intertwined, I shall call them "United Statesrael". The USD is essentially backed by war and war ships. The USA can't afford peace, they don't want it.

I think that's why we have to start exiting from the rigged monetary system. We can start to starve the war machine of funds.
Post
Topic
Board Economics
Re: BRICS has become eleven countries instead of five.
by
Aunt Lydia
on 02/05/2024, 15:33:36 UTC
...the BRICS currency could depreciate the US dollar.

Like I said, there is no plan to create a unique BRICS currency. They will just start to use each other's currencies

also: China has strict monetary controls, you can't take your Yuan out of China for instance, so they will not allow for a BRICS currency that they can't have similar control over.

BRICS don't vote like the UN does, they all have the same "vote" (one) and no country has more "say" than another. They also don't have a veto like the UN does.
Post
Topic
Board Economics
Re: BRICS has become eleven countries instead of five.
by
Aunt Lydia
on 02/05/2024, 14:02:42 UTC
BRICS mirrors the issue Venezuela is facing.
No buyer base.

In BRICS countries only a few can afford a house, a bitcoin, or consume. Consume is what China sells.

Apparently from what I hear, few people in the USA can afford a house these days also.
Plus you're forgetting China: they are not poor anymore.

Crypto is big in Africa (South Africa, Nigeria and Kenya) so crypto is actually a very viable and interesting solution to a lot of problems with money and exchange rates and monetary fuckery in general...
Post
Topic
Board Economics
Re: BRICS has become eleven countries instead of five.
by
Aunt Lydia
on 02/05/2024, 13:47:14 UTC
I think that the BRICS is basically a formation of countries that wants to break the monopoly of the US dollar

They're basically trying to form a "global south/east" block, like the "West" (USA, UK, EU and Aus/NZ) is a block, who bullies the rest of the world and wages wars non-stop. If one can weaken the Dollar hegemony, they can become competitive. But these countries are very diverse in thinking and alliance: for instance India, they are a big buddy of the USA and hate China (they have a war being waged with knives, ongoing on their border).

When BRICS was only 5 countries, nothing much has happened, but they are slowly trying to make themselves an economic group.

Hence the New Development Bank (headed by Dilma Rousseff) to be like an IMF and World Bank but for BRICS (the IMF and World Bank essentially cause political coups and keep the "global south" poor: with coup d'etats and bribes to export these nations' wealth to the political elites in the west, by paying off one political family in said country to play ball. So one group of politicians in the US get rich, and one family in said global south country gets rich. Everyone else stays poor.

Obviously this kind of behaviour will also happen among BRICS nations, let's not kid ourselves.

Hence, we need to get the populace excited about Bitcoin and the new financial system instead.
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Topic
Board Economics
Re: BRICS has become eleven countries instead of five.
by
Aunt Lydia
on 02/05/2024, 13:37:55 UTC
I was at the BRICS conference last August in Johannesburg. They are NOT going to start a new currency, instead they will just trade in each others' currencies. They've been buying and selling oil using the Yuan already.

One BRICS currency would be very stupid:
imagine there's a war in Russia and sanctions against Iran, which will now affect a country that has nothing to do with those things, say Argentina). That's what happened with Greece in 2015 – they were on the Euro and couldn't devalue their currency to make their goods and services more competitive to the rest of the world, so they couldn't get of a hole because of the Euro.

I think they should be using Bitcoin of course....  Cheesy
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Topic OP
Favorite band of all time (and right now)?
by
Aunt Lydia
on 02/05/2024, 13:01:57 UTC
Tell me who is your favorite band of all time (and right now)? And why?