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So I read a thread on the forum by Ultegra134 that talked about renewable energy and he asked;
"The big question here is, can the world be 100% dependent on renewable energy sources? How can that be achieved and are they sustainable?"
The thing is, according to several studies and experts, it is possible for the world to be 100% dependent on renewable energy sources such as solar, wind, hydro, geothermal, and biomass. However, this would require a major transition of the current energy system, which is mostly based on fossil fuels that are non-renewable and contribute to climate change.
Some of the challenges and barriers to achieving this goal are technical, economic, social, and political. For example, renewable energy sources are often variable and intermittent, meaning they depend on natural conditions that are not always predictable or stable. This requires a reliable and flexible grid system that can balance supply and demand, as well as storage technologies that can store excess energy for later use.
Another challenge is the cost of renewable energy technologies and infrastructure, which may be higher than fossil fuels in some cases. However, many studies have shown that the benefits of renewable energy outweigh the costs in the long term, as they reduce greenhouse gas emissions, air pollution, health impacts, and dependence on imported fuels. Moreover, renewable energy can create more jobs and stimulate economic growth.
A third challenge is the social and political acceptance of renewable energy, which may face resistance from some groups or individuals who have vested interests in the fossil fuel industry or who are skeptical about climate change. To overcome this barrier, public awareness and education campaigns are needed to inform people about the benefits and feasibility of renewable energy, as well as policies and incentives that support its development and deployment.
In conclusion, it is possible for the world to be 100% dependent on renewable energy, but it would require a significant transformation of the current energy system and a collective effort from all stakeholders. Some countries and regions have already achieved or are close to achieving this goal, such as Iceland, Brazil, New Zealand’s South Island, Denmark’s Samsø island, and Germany’s Mecklenburg-Vorpommern and Schleswig-Holstein regions. These examples show that 100% renewable energy is not only feasible but also desirable for a sustainable future.
"The big question here is, can the world be 100% dependent on renewable energy sources? How can that be achieved and are they sustainable?"
The thing is, according to several studies and experts, it is possible for the world to be 100% dependent on renewable energy sources such as solar, wind, hydro, geothermal, and biomass. However, this would require a major transition of the current energy system, which is mostly based on fossil fuels that are non-renewable and contribute to climate change.
Some of the challenges and barriers to achieving this goal are technical, economic, social, and political. For example, renewable energy sources are often variable and intermittent, meaning they depend on natural conditions that are not always predictable or stable. This requires a reliable and flexible grid system that can balance supply and demand, as well as storage technologies that can store excess energy for later use.
Another challenge is the cost of renewable energy technologies and infrastructure, which may be higher than fossil fuels in some cases. However, many studies have shown that the benefits of renewable energy outweigh the costs in the long term, as they reduce greenhouse gas emissions, air pollution, health impacts, and dependence on imported fuels. Moreover, renewable energy can create more jobs and stimulate economic growth.
A third challenge is the social and political acceptance of renewable energy, which may face resistance from some groups or individuals who have vested interests in the fossil fuel industry or who are skeptical about climate change. To overcome this barrier, public awareness and education campaigns are needed to inform people about the benefits and feasibility of renewable energy, as well as policies and incentives that support its development and deployment.
In conclusion, it is possible for the world to be 100% dependent on renewable energy, but it would require a significant transformation of the current energy system and a collective effort from all stakeholders. Some countries and regions have already achieved or are close to achieving this goal, such as Iceland, Brazil, New Zealand’s South Island, Denmark’s Samsø island, and Germany’s Mecklenburg-Vorpommern and Schleswig-Holstein regions. These examples show that 100% renewable energy is not only feasible but also desirable for a sustainable future.
Bitcoin futures open interest is the total value of outstanding contracts that have not been settled on derivatives exchanges. It reflects the level of trading activity and interest in the market.
On Sep. 18, 2023, the bitcoin futures open interest surged by $1 billion, reaching $12.1 billion, while the bitcoin price also increased by 3.4%, reaching $27,430, the highest point in over two weeks.
Some analysts speculated that this was due to manipulation or hedging by whales who were anticipating the unsealing of Binance’s court filings related to the SEC’s investigation of its alleged unregistered securities operations and other allegations.
It is possible that the SEC's investigation into Binance and BNB had some impact on the bitcoin futures open interest jump, but there are many other variables that affect the supply and demand of bitcoin futures contracts, such as market sentiment, volatility, liquidity, leverage, and arbitrage opportunities. Therefore, it is difficult to establish a direct causal relationship between the SEC's probe and the open interest surge. However, some traders may have used bitcoin futures as a way to hedge their exposure to BNB or other crypto assets that could be affected by the SEC's actions.
Alternatively, some speculators may have taken advantage of the increased uncertainty and volatility in the crypto market to make bets on the future price movements of bitcoin.
On Sep. 18, 2023, the bitcoin futures open interest surged by $1 billion, reaching $12.1 billion, while the bitcoin price also increased by 3.4%, reaching $27,430, the highest point in over two weeks.
Some analysts speculated that this was due to manipulation or hedging by whales who were anticipating the unsealing of Binance’s court filings related to the SEC’s investigation of its alleged unregistered securities operations and other allegations.
It is possible that the SEC's investigation into Binance and BNB had some impact on the bitcoin futures open interest jump, but there are many other variables that affect the supply and demand of bitcoin futures contracts, such as market sentiment, volatility, liquidity, leverage, and arbitrage opportunities. Therefore, it is difficult to establish a direct causal relationship between the SEC's probe and the open interest surge. However, some traders may have used bitcoin futures as a way to hedge their exposure to BNB or other crypto assets that could be affected by the SEC's actions.
Alternatively, some speculators may have taken advantage of the increased uncertainty and volatility in the crypto market to make bets on the future price movements of bitcoin.
The Kenyan interior minister, Kithure Kindiki, appeared before a parliamentary committee investigating Worldcoin’s activities in Kenya12. Worldcoin is a cryptocurrency project that claims to use facial recognition technology to distribute digital currency to everyone in the world.
Kindiki used the opportunity to reiterate the government’s opposition to cryptocurrencies, saying that they are "a threat to national security and a conduit for money laundering and terrorism funding"12. He also claimed that cryptocurrencies are "unregulated, volatile, and prone to fraud"12.
Kindiki cited examples of terrorist groups such as Al-Shabaab and Boko Haram using cryptocurrencies to fund their operations. He also mentioned the case of a Kenyan woman who was arrested for allegedly laundering over $7 million through cryptocurrencies.
However, some of the arguments made by Kindiki have been challenged by experts and analysts who say that there is no evidence to support the link between cryptocurrencies and terrorism funding. They also point out that cryptocurrencies are not anonymous, but rather pseudonymous, meaning that transactions can be traced and verified by anyone on the blockchain123. Additionally, some critics argue that the government’s stance on cryptocurrencies is motivated by fear of losing control over the monetary system and the economy. They say that cryptocurrencies offer an alternative to the traditional financial system that is more inclusive, transparent, and efficient.
Furthermore, some proponents of cryptocurrencies say that they can help combat money laundering and terrorism funding by providing a more secure and traceable way of transferring value across borders123. They also suggest that cryptocurrencies can foster innovation and development in Kenya and other African countries by enabling access to digital services and opportunities.
The Kenyan interior minister, Kithure Kindiki, appeared before a parliamentary committee investigating Worldcoin's activities in Kenya on March 9, 2023. The National Assembly amended its standing orders to allow Cabinet Secretaries to appear before the House from March 23, 2023.
Kindiki used the opportunity to reiterate the government’s opposition to cryptocurrencies, saying that they are "a threat to national security and a conduit for money laundering and terrorism funding"12. He also claimed that cryptocurrencies are "unregulated, volatile, and prone to fraud"12.
Kindiki cited examples of terrorist groups such as Al-Shabaab and Boko Haram using cryptocurrencies to fund their operations. He also mentioned the case of a Kenyan woman who was arrested for allegedly laundering over $7 million through cryptocurrencies.
However, some of the arguments made by Kindiki have been challenged by experts and analysts who say that there is no evidence to support the link between cryptocurrencies and terrorism funding. They also point out that cryptocurrencies are not anonymous, but rather pseudonymous, meaning that transactions can be traced and verified by anyone on the blockchain123. Additionally, some critics argue that the government’s stance on cryptocurrencies is motivated by fear of losing control over the monetary system and the economy. They say that cryptocurrencies offer an alternative to the traditional financial system that is more inclusive, transparent, and efficient.
Furthermore, some proponents of cryptocurrencies say that they can help combat money laundering and terrorism funding by providing a more secure and traceable way of transferring value across borders123. They also suggest that cryptocurrencies can foster innovation and development in Kenya and other African countries by enabling access to digital services and opportunities.
The Kenyan interior minister, Kithure Kindiki, appeared before a parliamentary committee investigating Worldcoin's activities in Kenya on March 9, 2023. The National Assembly amended its standing orders to allow Cabinet Secretaries to appear before the House from March 23, 2023.
Re: Economics is not fulfilling its true potential as a science
⭐ Merited by Accardo (2)
There have been lots of reactions about the role of economists to the recent world financial crisis; inflation, food hike, increase of poverty rate etc. I thought about it, when I was reading this story of John Reed as Citicorp CEO from the book "Origin of Wealth", that economists do not efficiently represent the world in times of economic crisis. You can read the story to better understand the thread;
Few questions from Reed
Reed wanted to know how it happened? how the crisis had happened? and how it could be prevailed from happening again? He consulted several experts, involving leading economists from Academic, Wall Street and government. Reed himself was well versed in economics from his student days at MIT. Yet the economists had little new or useful to say about the crisis. In fact reed believed that their recommendation during the crisis had been dead wrong.
Reed wanted a new way of doing things in economics, the old methods don't contribute to positive changes.
think of it, a high number of the ideas of the industry or fields are more than 100 years old. Then the economics formal theory and mathematical theory are now handicapped by impractical assumptions or directly contradicted by real-world data.
What do you think about economists, who study the theories of economics and brag about being vast in the study of economics, yet don't help or contribute sufficiently to control or stop world economic meltdown?
You see, when there's an economic problem and you inquire about economists, everyone comes with their theories and opinions. They sit together and decide which is best ( it depends on your definition of best though), probably suppressing the solution that would have worked most.Quote
"In 1970, Citicorp, along with other major American bank had lent aggressively to the government of developing countries, in particular to those in latin America. Reed’s predecessor, Walter Wriston, had proclaimed that such lending was “safe banking” be soverign government did not default on their debts. Wriston was proved badly wrong. When in August 1982 the Mexican government was unable to roll over its massive debt This set of a chain of event that resulted global financial crisis. The next several years saw widespread defaults, currency devaluation, and economic collapse in several countries. When the dust settled, millions of poor people found themselves poorer and banks found that $300 billion had evaporated from their balance sheet. Citicorp alone lost $1billion in a year and was sitting on 13billion in bad debts".
Few questions from Reed
Reed wanted to know how it happened? how the crisis had happened? and how it could be prevailed from happening again? He consulted several experts, involving leading economists from Academic, Wall Street and government. Reed himself was well versed in economics from his student days at MIT. Yet the economists had little new or useful to say about the crisis. In fact reed believed that their recommendation during the crisis had been dead wrong.
Reed wanted a new way of doing things in economics, the old methods don't contribute to positive changes.
think of it, a high number of the ideas of the industry or fields are more than 100 years old. Then the economics formal theory and mathematical theory are now handicapped by impractical assumptions or directly contradicted by real-world data.
What do you think about economists, who study the theories of economics and brag about being vast in the study of economics, yet don't help or contribute sufficiently to control or stop world economic meltdown?
Also, economists see situations and problems in terms of long-term and and short-term. There may be a solution at hand, but that solution has to last for years, probably decades before you see its results.
And lastly, Henry Ford once said, "If everyone understood how our monetary system works, our economic problems would be solved before tomorrow morning" ... But unfortunately, that's not the case. Economists bring their theories and possible solutions, but the people, the individuals in the country are the ones to actually carry out those solutions. Take inflation for example, it isn't caused by economists but they bring up policies to prevent, manage, or stop it. The effectiveness of those policies depends on the individuals. It depends on whether they save or spend, whether they invest or build up liabilities, whether the private business export or import... Etc.
So, I don't think all economists do is brag. They're probably working really hard, harder than you think to stabilize the world's economy.
Well you have done well to share something very important here, and I will want to also let you to give space after paragraph it enables reader to pick much interest to continue reading. Presently you can see how others are writing it makes it very easier and interesting to read.
However, the exchange you mentioned could be another strategies to attract much customers to their exchange site since they knew people don't always wanting to reveal their identities and they sees it as a good chances to explode over the space, just take a look at $500k is very huge over here and people could likely want to use them but the question is that how trusted and reliable are they?
Do you think your funds are safe with them because they do capitalized on people's mistakes and take advantages over what people are trying to avoid, so to me you must do your research carefully before starting to use them.
Thank you for your advice...However, the exchange you mentioned could be another strategies to attract much customers to their exchange site since they knew people don't always wanting to reveal their identities and they sees it as a good chances to explode over the space, just take a look at $500k is very huge over here and people could likely want to use them but the question is that how trusted and reliable are they?
Do you think your funds are safe with them because they do capitalized on people's mistakes and take advantages over what people are trying to avoid, so to me you must do your research carefully before starting to use them.
Truly appreciated, and sorry about the clustered post ... ( My bad
)Then again about the post, this isn't me trying to advertise Bitunix in any form. I'm just talking about the problems of KYC and a solution ( a possible solution) of which I read in an article ), that's all.
Anyways, thanks once again .. .and I would do well to research properly on it if I decide to use it later in the future
Do you think the office job is overhyped?
Is it true that for you to make it big in the online space, you must be involved in an act of illegality?
And about illegal internet activities... NO
When it comes to the online space, it's all about growing your network and therefore enhancing your net worth. So, you don't need to participate in illegal activities first, just learn a skill, a good digital skill, and grow your network.
Re: Is it better to focus on one or more ways to earn Bitcoin?
The two most common ways people earn money through bitcoin is either trading or hodling, I know it is advisable for beginners to HODL but there are still others who have been successful in trading though it has more risks compared to hodling bitcoin, while others earn bitcoin through Freelancing like we see here.
As a beginner, it's advisable to stick with one for starters as time goes by, you become experienced with the market, and then you can try other methods. Though hodling Bitcoin has a lesser risk than trading it all boils down to your goals and capabilities.
What do you think? Is it better to focus on one or more ways to earn Bitcoin?
Earning Bitcoin is not that much of a difficult task on platforms where one can earn, especially faucets, but most of them are limited, and countries like ours can't easily earn or get access to them. So, the forum campaigns are really the best I've seen so far, even if it's not all that easy. And earning Bitcoin is according to your capabilities, if you're able to earn from more than one platform, then I suggest you do.
Re: I took a proposal to my State Governor to accept Bitcoin Technology
Wow, this is amazing OP. It's really nice to know we still have people like you around. Considering the fact that the government is so against Bitcoin, you still had the courage to make this proposal. That's so cool. And I'm guessing you're a man of high status to be able to do this...¿
Anyways, it's really nice you involved the state government, making it more formal, but just in case the Nigerian government doesn't stop being " the Nigerian government " ... I saw a comment that suggested you make it a private endeavor. That'll even make children more optimistic about learning it, cause they will individually apply to your boot camp, instead of learning in school which they see as a by-force thing and may lose interest.
Anyways, it's really nice you involved the state government, making it more formal, but just in case the Nigerian government doesn't stop being " the Nigerian government " ... I saw a comment that suggested you make it a private endeavor. That'll even make children more optimistic about learning it, cause they will individually apply to your boot camp, instead of learning in school which they see as a by-force thing and may lose interest.
Yes OP, it is. It's so reliable, but the government sees it as a threat to the stability of their economy. You know it isn't centralized, and that's the coolest part, but the government can't leave the whole monetary system Into a digitalized program. Knowing how complex it is, a lot of people would find it difficult to adapt to it.
Another thing is the use of Bitcoin for illegal activities due to it being pseudonymous making it difficult for law enforcement agencies to trace and track the flow of funds.
So In as much as Bitcoin is so good and advantageous, it also has its drawbacks and limitations ( which include many more than I've talked about by the way) making it only an alternative at the end of the day.
Another thing is the use of Bitcoin for illegal activities due to it being pseudonymous making it difficult for law enforcement agencies to trace and track the flow of funds.
So In as much as Bitcoin is so good and advantageous, it also has its drawbacks and limitations ( which include many more than I've talked about by the way) making it only an alternative at the end of the day.
Is Bitcoin hodling more important? well I have read a couple of post which always talk about owning Bitcoins which is definitely a good idea especially as someone in the crypto space however will hodling Bitcoin be important without proper understanding of Bitcoin and the crypto space? Of course not.
Now my point is Bitcoin can always be owned as well the knowledge can also be gotten how ever it is of optimum importance to first understand Bitcoin because;
To be honest OP, I get what you're saying "Knowledge is power, don't rush, make sure you know very much what you're doing before you do it"... but I think the title of your post should have been " knowledge before hodling " perhaps, or something of that sought cause, your title suggests that we should pick one and leave the other, but they both go hand in hand and are both important. Now my point is Bitcoin can always be owned as well the knowledge can also be gotten how ever it is of optimum importance to first understand Bitcoin because;
Knowledge about investments, in fact about anything generally is key, but there's something way more important and that's action. Of what use is my knowledge I can't use it properly. And to tell you the truth I'd prefer learning in the fields (i.e. by acting and correcting myself) than actually just sitting down somewhere learning and learning. Experience teaches best.
And for those who are rushing into buying Bitcoins cause of FOMO and other reasons, I personally think it takes courage and guts to do that and that's where the real knowledge lies. Think about it ... I'm doing it, you're talking about it, and you haven't carried out any experiments, meanwhile, I have my theory. There's a huge difference between the both of us.
So yh, both knowledge and hodling are important (i.e.Learning and doing).
Crypto trading is more accessible and democratic than forex trading. Crypto can be easily accessible to everyone around the clock, even those without access to traditional banking. Only an internet connection and a crypto wallet are required. Forex trading, on the other hand, requires a broker account and may have higher fees and commissions.
Crypto trading is more transparent and decentralized than forex trading. Forex transactions are mostly done through intermediaries that may not disclose all the information or act in the best interest of the traders.
Crypto trading is more innovative and diverse than forex trading.
But then again, we're not even talking about crypto trading, were talking about it's investment. Trading in both forex and crypto is risky, but crypto shows more advantages than FX. Investing in cryptocurrency is the best. There's less risk and your interest rate is way more than anything financial institutions can offer.
And also you spoke about knowledge gained. Investing in cryptocurrencies also teaches one about better investment options, trading skills, economic trends and so on . So OP, it's investment for me.
Crypto trading is more transparent and decentralized than forex trading. Forex transactions are mostly done through intermediaries that may not disclose all the information or act in the best interest of the traders.
Crypto trading is more innovative and diverse than forex trading.
But then again, we're not even talking about crypto trading, were talking about it's investment. Trading in both forex and crypto is risky, but crypto shows more advantages than FX. Investing in cryptocurrency is the best. There's less risk and your interest rate is way more than anything financial institutions can offer.
And also you spoke about knowledge gained. Investing in cryptocurrencies also teaches one about better investment options, trading skills, economic trends and so on . So OP, it's investment for me.
In the world of cryptocurrency, KYC has become an increasingly discussed and debated topic.
KYC policy also known as Know Your Customer is a set of rules and procedures that financial institutions and other regulated entities follow to verify the identity of their customers and assess the potential risks of illegal activities. KYC policy aims to prevent and detect money laundering, terrorism financing, fraud, and other financial crimes.
KYC policy emerged in crypto due to the increase in crime-related activities associated with the exchange of cryptocurrencies, and It is important for financial institutions because it helps them comply with international and national regulations that aim to combat financial crime and protect the integrity of the financial system. KYC policy also helps financial institutions avoid legal penalties, reputational damage, and operational losses that may result from non-compliance or involvement in illicit activities.
The KYC policy, in as much as it is very important, is also very tedious, hence leading to a disadvantage which includes many others. First of all, the requirements needed before transactions are sometimes extremely long. Though, it depends on the type of account and the level of risk involved. Some requirements include a phone number, passport/ photograph, ID card, address, source of funding, reference letter, and many more. This leads to a lack of privacy as such detailed information about a person is on the internet, prone to risks like Identity theft, data breaches, malware and viruses, phishing and scam emails, and many others.
Another thing about KYC Is the disparity in regulatory approaches. This creates a complex space between crypto traders and exchanges as KYC requirements adopted in some countries are stringent, and then lenient in other countries.
In response to the increasing need for privacy, non-KYC exchanges like Bitunix have emerged. It serves as an alternative for users who prioritize facelessness and wish to bypass the traditional KYC process. Although the exchange allows traders to avoid KYC requirements for transactions of over 500,000 USDT, for larger transactions, it acknowledges the need for heightened security and KYC becomes necessary.
Now, after spelling out the importance and the problems of KYC, do you see Bitunix's new trading option as its solution, or do you think there may be a better approach to solving the problems of KYC? Also, it's possible you don't see KYC as a problem at all because of how crucial it is , just state whatever your thoughts on the KYC policy are.
Thank you
KYC policy also known as Know Your Customer is a set of rules and procedures that financial institutions and other regulated entities follow to verify the identity of their customers and assess the potential risks of illegal activities. KYC policy aims to prevent and detect money laundering, terrorism financing, fraud, and other financial crimes.
KYC policy emerged in crypto due to the increase in crime-related activities associated with the exchange of cryptocurrencies, and It is important for financial institutions because it helps them comply with international and national regulations that aim to combat financial crime and protect the integrity of the financial system. KYC policy also helps financial institutions avoid legal penalties, reputational damage, and operational losses that may result from non-compliance or involvement in illicit activities.
The KYC policy, in as much as it is very important, is also very tedious, hence leading to a disadvantage which includes many others. First of all, the requirements needed before transactions are sometimes extremely long. Though, it depends on the type of account and the level of risk involved. Some requirements include a phone number, passport/ photograph, ID card, address, source of funding, reference letter, and many more. This leads to a lack of privacy as such detailed information about a person is on the internet, prone to risks like Identity theft, data breaches, malware and viruses, phishing and scam emails, and many others.
Another thing about KYC Is the disparity in regulatory approaches. This creates a complex space between crypto traders and exchanges as KYC requirements adopted in some countries are stringent, and then lenient in other countries.
In response to the increasing need for privacy, non-KYC exchanges like Bitunix have emerged. It serves as an alternative for users who prioritize facelessness and wish to bypass the traditional KYC process. Although the exchange allows traders to avoid KYC requirements for transactions of over 500,000 USDT, for larger transactions, it acknowledges the need for heightened security and KYC becomes necessary.
Now, after spelling out the importance and the problems of KYC, do you see Bitunix's new trading option as its solution, or do you think there may be a better approach to solving the problems of KYC? Also, it's possible you don't see KYC as a problem at all because of how crucial it is , just state whatever your thoughts on the KYC policy are.
Thank you
Re: Can a unified language solve Nigeria's problem of tribalism?
⭐ Merited by Odohu (1)
Op made his question really clear and I feel many of us went a little over board.
The question is if a unified language can solve tribalism in our country, not whether tribalism can solve our bad economy.
China, literally one of the most developed countries in the world has over 700 languages and a former president of theirs forced everyone in the country to learn a particular Chinese language which was Beijingese . It evolved over time and became the standard Chinese language over 92% of their population speak. That didn't mean that the remaining 899 other languages were lost or suppressed . Today we still very much hear of the Cantonese, the mandarin, the taiwanese and many others, cause even in their unification they protected and preserved their culture.
.....sorry for the drift.
Anyways, the point I'm trying to make is that togetherness plays a very major role in the growth and development of a group of people. One crucial part of togetherness is to be able to communicate in the same dialect. To be able to speak another man's language doesn't mean your losing your identity, it just means your strengthening bridges and relationship.
Today in china there is very much still diversification and unity which makes them strong, but in our country it's only diversification I see, no unity in any form. After graduating from the University we go for NYSC, which was established for the sole purpose of unity in diversification but after everything we still end of casting votes for people during elections that we know very much are incapable of the duty and responsibility of leading us, mainly because why? were of the same tribe, that's not unification at all.
So, in my own opinion a unified language will very much solve the problem of TRIBALISM in Nigeria and help us to individually stop categorizing ourselves under tribes and just see ourselves as one Nigeria.
The question is if a unified language can solve tribalism in our country, not whether tribalism can solve our bad economy.
China, literally one of the most developed countries in the world has over 700 languages and a former president of theirs forced everyone in the country to learn a particular Chinese language which was Beijingese . It evolved over time and became the standard Chinese language over 92% of their population speak. That didn't mean that the remaining 899 other languages were lost or suppressed . Today we still very much hear of the Cantonese, the mandarin, the taiwanese and many others, cause even in their unification they protected and preserved their culture.
.....sorry for the drift.
Anyways, the point I'm trying to make is that togetherness plays a very major role in the growth and development of a group of people. One crucial part of togetherness is to be able to communicate in the same dialect. To be able to speak another man's language doesn't mean your losing your identity, it just means your strengthening bridges and relationship.
Today in china there is very much still diversification and unity which makes them strong, but in our country it's only diversification I see, no unity in any form. After graduating from the University we go for NYSC, which was established for the sole purpose of unity in diversification but after everything we still end of casting votes for people during elections that we know very much are incapable of the duty and responsibility of leading us, mainly because why? were of the same tribe, that's not unification at all.
So, in my own opinion a unified language will very much solve the problem of TRIBALISM in Nigeria and help us to individually stop categorizing ourselves under tribes and just see ourselves as one Nigeria.
Stable coins, such as Tether (USDT) or USD Coin (USDC), are designed to maintain a stable value tied to a specific asset, usually a fiat currency like the U.S. dollar. These stable coins strive to provide stability and eliminate the volatility commonly associated with other cryptocurrencies like Bitcoin or Ethereum.
While stable coins may not be exempt from regulation, they are often seen as less likely to fall under the regulatory purview of the SEC when compared to other types of cryptocurrencies. This is because stable coins backed by fiat currency are typically considered as a digital representation of the underlying asset.
No stable coins are typically made by the government.
While stable coins are not directly issued by governments, some projects may collaborate with financial institutions and follow regulatory guidelines. For example, USDC (USD Coin) is a stable coin co-founded by Coinbase and Circle, which follows a regulated framework and maintains transparency in its operations. Tether (USDT) is another popular stable coin that aims to maintain a 1:1 ratio with the U.S. dollar, but it has faced scrutiny regarding its financial backing.
While stable coins may not be exempt from regulation, they are often seen as less likely to fall under the regulatory purview of the SEC when compared to other types of cryptocurrencies. This is because stable coins backed by fiat currency are typically considered as a digital representation of the underlying asset.
No stable coins are typically made by the government.
While stable coins are not directly issued by governments, some projects may collaborate with financial institutions and follow regulatory guidelines. For example, USDC (USD Coin) is a stable coin co-founded by Coinbase and Circle, which follows a regulated framework and maintains transparency in its operations. Tether (USDT) is another popular stable coin that aims to maintain a 1:1 ratio with the U.S. dollar, but it has faced scrutiny regarding its financial backing.
Web3, also known as "Web 3.0" or the "Decentralized Web," refers to the next stage in the development of the internet. It is an evolution beyond Web 2.0 which focuses on user-generated content and social media platforms. Web3 aims to create a more decentralized and user-centric internet, where individuals have more control over their data and identity.
Web3 leverages blockchain technology, which is a distributed ledger that allows for secure and transparent transactions without the need for intermediaries. This enables peer-to-peer interactions, improved privacy, and greater security.
Now, let's talk about stablecoins. Stablecoins are a type of cryptocurrency designed to maintain a stable value by tracking the price of an underlying asset, such as a fiat currency like the US dollar. Their purpose is to provide the benefits of cryptocurrencies, such as fast and borderless transactions, while minimizing the volatility typically associated with other digital tokens like Bitcoin or Ethereum.
Stablecoins offer several advantages in the business ecosystem. First, they provide a reliable medium of exchange, as their value remains relatively constant compared to other cryptocurrencies. This stability makes them more suitable for everyday transactions, enabling businesses to accept payments in stablecoins without worrying about sudden price fluctuations.
Moreover, stablecoins offer faster and cheaper cross-border transactions compared to traditional banking systems. With web3 technologies, businesses can send and receive stablecoin payments globally, bypassing intermediaries and reducing transaction fees. This can make international trade and remittances more efficient and cost-effective.
Stablecoins also hold potential for decentralized finance (DeFi) applications. DeFi refers to financial services built on blockchain networks, offering features like lending, borrowing, and earning interest, all without the need for traditional financial intermediaries. Stablecoins act as a reliable unit of account and store of value within the DeFi ecosystem, allowing users to access these services while minimizing exposure to volatility.
In summary, Web3 and stablecoins offer a new paradigm for business interactions on the internet. With the decentralization and security provided by blockchain technology, businesses can embrace more efficient cross-border transactions, reduce reliance on intermediaries, and leverage stablecoins to mitigate price volatility. These advancements hold great potential for reshaping the way we conduct businesses and financial transactions in the digital age.
Web3 leverages blockchain technology, which is a distributed ledger that allows for secure and transparent transactions without the need for intermediaries. This enables peer-to-peer interactions, improved privacy, and greater security.
Now, let's talk about stablecoins. Stablecoins are a type of cryptocurrency designed to maintain a stable value by tracking the price of an underlying asset, such as a fiat currency like the US dollar. Their purpose is to provide the benefits of cryptocurrencies, such as fast and borderless transactions, while minimizing the volatility typically associated with other digital tokens like Bitcoin or Ethereum.
Stablecoins offer several advantages in the business ecosystem. First, they provide a reliable medium of exchange, as their value remains relatively constant compared to other cryptocurrencies. This stability makes them more suitable for everyday transactions, enabling businesses to accept payments in stablecoins without worrying about sudden price fluctuations.
Moreover, stablecoins offer faster and cheaper cross-border transactions compared to traditional banking systems. With web3 technologies, businesses can send and receive stablecoin payments globally, bypassing intermediaries and reducing transaction fees. This can make international trade and remittances more efficient and cost-effective.
Stablecoins also hold potential for decentralized finance (DeFi) applications. DeFi refers to financial services built on blockchain networks, offering features like lending, borrowing, and earning interest, all without the need for traditional financial intermediaries. Stablecoins act as a reliable unit of account and store of value within the DeFi ecosystem, allowing users to access these services while minimizing exposure to volatility.
In summary, Web3 and stablecoins offer a new paradigm for business interactions on the internet. With the decentralization and security provided by blockchain technology, businesses can embrace more efficient cross-border transactions, reduce reliance on intermediaries, and leverage stablecoins to mitigate price volatility. These advancements hold great potential for reshaping the way we conduct businesses and financial transactions in the digital age.
A Bitcoin investor can vary in terms of background, motivations, and investment strategies and they usually fall under these range ;
1. Early Adopters: Individuals who recognized Bitcoin's potential early on and acquired Bitcoin when it had a relatively low value. Many early adopters are technology enthusiasts who were intrigued by the concept of a decentralized digital currency.
2. Speculators: Some investors are attracted to Bitcoin's price volatility and potential for high returns. They actively trade Bitcoin, trying to profit from short-term price movements. Speculators aim to buy low and sell high, taking advantage of market fluctuations.
3. Long-term Investors: These investors have a belief in the long-term value and potential of Bitcoin. They tend to hold Bitcoin as a long-term investment, often motivated by the idea that its limited supply and growing adoption may drive up its value over time.
4. Institutional Investors: As Bitcoin has gained prominence and regulatory clarity has improved, various institutional investors such as hedge funds, asset management firms, and even publicly traded companies have started exploring investments in Bitcoin. Their motivations can range from diversification of their portfolios to hedging against inflation and economic uncertainties.
5. Individuals in Regions with Economic Instability: In countries experiencing political or economic instability, some people turn to Bitcoin as a way to protect their wealth from potential devaluation of their national currency, capital controls, or restrictions placed on traditional banking systems.
It's important to note that these categories can overlap, and individual investors may have different combinations of motivations and strategies. Each investor's approach to Bitcoin can differ based on their risk tolerance, investment goals, and understanding of the cryptocurrency market.
1. Early Adopters: Individuals who recognized Bitcoin's potential early on and acquired Bitcoin when it had a relatively low value. Many early adopters are technology enthusiasts who were intrigued by the concept of a decentralized digital currency.
2. Speculators: Some investors are attracted to Bitcoin's price volatility and potential for high returns. They actively trade Bitcoin, trying to profit from short-term price movements. Speculators aim to buy low and sell high, taking advantage of market fluctuations.
3. Long-term Investors: These investors have a belief in the long-term value and potential of Bitcoin. They tend to hold Bitcoin as a long-term investment, often motivated by the idea that its limited supply and growing adoption may drive up its value over time.
4. Institutional Investors: As Bitcoin has gained prominence and regulatory clarity has improved, various institutional investors such as hedge funds, asset management firms, and even publicly traded companies have started exploring investments in Bitcoin. Their motivations can range from diversification of their portfolios to hedging against inflation and economic uncertainties.
5. Individuals in Regions with Economic Instability: In countries experiencing political or economic instability, some people turn to Bitcoin as a way to protect their wealth from potential devaluation of their national currency, capital controls, or restrictions placed on traditional banking systems.
It's important to note that these categories can overlap, and individual investors may have different combinations of motivations and strategies. Each investor's approach to Bitcoin can differ based on their risk tolerance, investment goals, and understanding of the cryptocurrency market.
Power is something all humans have. We all have dominion over one thing or the other. In my opinion power doesn't corrupt... Too much power corrupts. Then again, too much of everything is bad.
Power is something strong, if you try to attain alot of it you must learn how to control it, and control yourself. If you do not learn to control it you'll get engulfed in it.it always leads to pride, which comes before a fall.
Power is something strong, if you try to attain alot of it you must learn how to control it, and control yourself. If you do not learn to control it you'll get engulfed in it.it always leads to pride, which comes before a fall.
Bitcoin and altcoins, are related in the sense that they are all based on blockchain technology and operate within the broader cryptocurrency ecosystem. Bitcoin, being the first and most well-known cryptocurrency, often serves as a benchmark for the entire market.
Altcoins, on the other hand, refer to any cryptocurrency other than Bitcoin. They were developed to address certain limitations or improve upon specific aspects of Bitcoin.
Altcoins can be categorized into different types, such as utility tokens, security tokens, stablecoins, and more. Some altcoins aim to provide faster transaction speeds, improved privacy, smart contract functionality, or niche applications within certain industries.
Bitcoin's value and market movements often influence the overall sentiment and direction of the cryptocurrency market, including altcoins. When Bitcoin experiences significant price movements, it can cause a ripple effect throughout the market, impacting the prices of altcoins as well.
Altcoins, on the other hand, refer to any cryptocurrency other than Bitcoin. They were developed to address certain limitations or improve upon specific aspects of Bitcoin.
Altcoins can be categorized into different types, such as utility tokens, security tokens, stablecoins, and more. Some altcoins aim to provide faster transaction speeds, improved privacy, smart contract functionality, or niche applications within certain industries.
Bitcoin's value and market movements often influence the overall sentiment and direction of the cryptocurrency market, including altcoins. When Bitcoin experiences significant price movements, it can cause a ripple effect throughout the market, impacting the prices of altcoins as well.
Re: Bad economic situation makes bitcoins more difficult to keep.
Investing is important and really good, and if you're not disciplined enough it becomes really difficult but at the same time no one should ever invest at the expense of meeting pressing needs. Bad economic situations will always come go creating upstreams and downstreams of the economy. It may lead to many people losing their jobs and many business going bankrupt,so a person should always have multiple sources of income making it easier to invest .And also, there are wallets which hold Bitcoin as if it's a fixed deposit account. You may want to try one of those if your discipline is playing games on you.
Lastly make you nore fear newbie today go turn Legandary member tomorrow ...na just hardwork and time e go take.
Doh.