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Showing 6 of 6 results by Chukwudumaga
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Topic
Board Economics
Topic OP
Cryptocurrencies are now playing a major role in regulating the economy
by
Chukwudumaga
on 19/08/2023, 16:34:12 UTC
A significant surge in cryptocurrency investment has swept across the globe. Every country worldwide is now actively considering their stance on cryptocurrency. Cryptocurrency was even at the center of the US election. Various studies have shown that cryptocurrencies could dominate the economy in the next few years. Despite the political divide in America, Republicans and Democrats agree that cryptocurrencies will dominate the economy of the future. A survey found that more than half (53 percent) of Americans see crypto as the future, including 59 percent of Democrats and 51 percent of Republicans.

Currently, Americans want the regulations for crypto to be more transparent so that they can adopt it better. Republicans and Democrats also agree on the need for regulation to ensure that it becomes a safe investment option for American investors. 4 out of 5 Americans have a positive view of crypto. The acceptance of crypto among the American youth is so high that the American government is also paying special attention to it. A majority of older voters among American citizens also believe that crypto will create a more equitable economy with less reliance on banks and financial intermediaries. Crypto is currently the top investment choice for people aged 18 to 40 in this country. In almost every country in the world, the positive attitude towards crypto is increasing day by day, as a result of which cryptocurrency is going to play an important role in the economy in the future.

Will you agree with the thought that cryptocurrency is going to make a significant contribution to the economy of every country in the world ?
Post
Topic
Board Exchanges
Re: My 7 years of experience with CEXs (4 years on Bitcointalk)
by
Chukwudumaga
on 27/06/2023, 04:56:27 UTC
In-depth knowledge of your centralized exchange will make users more efficient. For those of us who trade in cryptocurrencies, it is very common to use centralized exchanges. I benefited a lot from your article. I sometimes faced some problems but did not know the solutions to those problems. I have registered with a few exchanges. As a trader I am using a top one and a medium level exchange. There are a few good reasons to use Top Exchange, one of which is the liquidity which you have shared notably. But besides this I am using another centralized exchange because it is not possible to know when what kind of problem will arise. Use a different exchange so I don't lose all my assets. Hopefully nothing like that will happen though.

I registered with my email address but later when I started KYC they also asked for phone number which I couldn't avoid. Now I have to do 2 verification to withdraw money which of course implies hard security. I initially thought the message on the phone number was boring but now I think positively.

Before considering the entire article i can say that if a new user reads your article before using Centralized Exchange he can be free from various complications.
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Become Currency of Nations in 10-15 Years
by
Chukwudumaga
on 27/06/2023, 03:30:16 UTC
Bitcoin is promising in all aspects, but governments around the world are against it. Because they are realizing that if Bitcoin is approved, it could bring major disruption to the existing financial sector. Governments refuse to allow the use of Bitcoin for a number of reasons. One of the main reason Bitcoin is unregulated and the government is completely unable to regulate it. Moreover, the governments have not yet discovered any form of how to receive taxes. For all these reasons, nothing can be said in detail yet. But the widespread use of cryptocurrencies will certainly put pressure on governments to figure out those aspects.
Post
Topic
Board Economics
Re: How billionaires are really affecting the economy.
by
Chukwudumaga
on 27/06/2023, 01:11:08 UTC
The number of rich people in the world is increasing tremendously along with the rate of poverty. As the number of rich people increased, the number of poor people was supposed to decrease, but in reality it has been different. People around the world, including the United States, are struggling to meet their basic needs. But even in this situation, only 1% of people own twice as much wealth as the remaining 99% of people.

Based on various factors, many have expressed that millionaires are bad for the economy. Today the richest earn 6 times more than the poorest 90% of the world. And this extreme gap is increasing drastically.

Rich people tend to pay very little tax. Its impact is greater in poor countries. But the poor people are relatively ahead in paying taxes. If the rich people had paid taxes properly, then the government could have used more money for the social development of the country and overall development of the country. Moreover, their proper taxation helped lift some people out of poverty.

Due to inflation, the number of poverty is increasing greatly. Nowadays a worker has to spend more than before where their income has not increased. The prices of daily essentials are now skyrocketing. Businesses have increased the prices of their products many times and they have adopted this inflation as a strategy to collect their money. Due the fact the rich get richer.
A study found that many companies made huge profits during this period while depriving their workers of the wages they received in return.

Some company owners have become billionaires when people are devastated by the pandemic. In countries like America, 33% of people are wealthier than before the pandemic and this is possible due to some reasons one of them can be corruption. Various measures to protect their own interests by using various government institutions have created opportunities for some people to make a lot of money.

Today rich people are destroying the environment where poor are suffering. The poor have no other choice but to look on, their various institutions are constantly obstructing them at various levels starting from environmental issues. But even if this disparity could not be removed, if the rich pay their taxes properly, a nation can be rich and prosperous. For various reasons people today are forced to say that the rich have nothing to contribute to the country.
Post
Topic
Board Politics & Society
Re: War and conflict on earth will never end
by
Chukwudumaga
on 21/06/2023, 13:37:37 UTC
Do you think that it is possible to stop the war?
Do you mean wars that involve weapons, people shooting each other? Yes, at some point a large-scale war will mean the end of humanity because weapons will be so advanced and destructive to the point it will blow up the entire earth. So, yeah even a madman would think twice to push the nuke button.

Anyway, I think the future wars would be in the case of information, economy, and tech wars. Whoever gets the upper hand will practically rule the world even if the border doesn't change.
Financial and technological wars are ongoing and will continue in the future. However, no harm of life occurs in this war. But when there is a war of arms, there will be great disaster. This arms war will never end because the countries that depend on the arms trade will always use new technologies to develop more deadly weapons and war is necessary to sustain that arms trade. I understand that this war will only end when the superpower countries reduce their dependence on the arms trade.
Post
Topic
Board Politics & Society
Topic OP
War and conflict on earth will never end
by
Chukwudumaga
on 20/06/2023, 07:14:51 UTC
A question arises in all of us that the world will ever be able to escape war and conflict? Because there was almost always war and conflict in the world and is constantly increasing. At this time from a small war, it is turning into a big one. New countries are added to intensify it. Every country is always active to protect their own interests. Political instability, climate change, risk of economic recession, etc., however, play a major role in deterring war. However, the main reason for this war is the arms race of the global superpower countries and the aim of increasing their business.

Palestine and Israel have been in conflict for a long time. Israeli oppression of Palestinians continues. Every day which appeared as headlines in various newspapers.

The first conflict of the 21st century started in Afghanistan, an Asian country. After the Twin Towers attack, the country was widely attacked for harboring terrorists. The war between Taliban and American soldiers started.

But that war was not only in Afghanistan. Every year war has started in new countries. We have seen wars organized in Iraq in 2003, Libya in 2006, Syria in 2011, and Yemen in 2015. This war continues. Before the war, there was peace in those countries. There was economic prosperity. But because of the war, all those countries are broken today.

Again, Myanmar was another country in Asia that was ruled by the military for more than 6 decades, but there are also various conflicts and wars going on in the country through a military coup in 2021, which has now turned into a civil war.

Stability has not yet returned to Myanmar, and a fierce war has erupted between Russia and Ukraine. Russia's war with the West has caused massive losses and the war continues. Due to this war, the world economy has now had a major negative impact, including inflation. Thousands of people have already been killed in Russia and Ukraine.

Considering the above situation, we can realize that this war will never end. War will not stop as long as there is arms trade. We will constantly see war somewhere in the world. Do you think that it is possible to stop the war?