Bitcoin of the Future!

Aftab Zaki

MPA (400+ posts)
Good people of the forum,

Did you hear about Initiative Q?
In case you didn't, here is the link:
https://initiativeq.com/


Once you made up your mind to join in and be part of what some people call, "Bitcoin of the future",
here is the Invite Link


Cheers.
 
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imeeru

Politcal Worker (100+ posts)
Initially I thought people involved in cryptocurrency was smart people, they have started realising that how screwed our current financial system is, and they perhaps have desire to change it, even though I knew this whole notion of so called anonymity and bypassing existing payment is not gonna work.
But when I saw them watching videos on youtube, how a 19 yrs turned millionaire and saw them seeking financial tips online from unknown people how to get quick bucks, I realised how pathetic losers they are.
Someone is coming with something new now, sure they will some fools who can believe in anything.
 

Iconoclast

Chief Minister (5k+ posts)
Initially I thought people involved in cryptocurrency was smart people, they have started realising that how screwed our current financial system is, and they perhaps have desire to change it, even though I knew this whole notion of so called anonymity and bypassing existing payment is not gonna work.
But when I saw them watching videos on youtube, how a 19 yrs turned millionaire and saw them seeking financial tips online from unknown people how to get quick bucks, I realised how pathetic losers they are.
Someone is coming with something new now, sure they will some fools who can believe in anything.
Things got messy only when shitcoins started to pop up in a bid to be the next bitcoin. That took the real value of cryptocurrency in terms of security and freedom and turned it into a mere commodity to trade hoping it's price will raise. Very few altcoins are actually worth looking into and that's purely based on their technologies and not it's monetary value. For instance, cheaper, faster and voluminous transactions, anonymity etc.
 

Iconoclast

Chief Minister (5k+ posts)
Next Bitcoin is PascalCoin. Google it.
No one is overtaking bitcoin in the next 10 years at least and that's purely because of their limited cap. If you want an undervalued coin with real potential, look no further than Holochain and Vechain. They actually have something to show for.
Mozilla is Holo's partner so you'll be seeing it getting integrated into the browser in some form. BMW is on VET's bandwagon.
 

Aftab Zaki

MPA (400+ posts)
Initially I thought people involved in cryptocurrency was smart people, they have started realising that how screwed our current financial system is, and they perhaps have desire to change it, even though I knew this whole notion of so called anonymity and bypassing existing payment is not gonna work.
But when I saw them watching videos on youtube, how a 19 yrs turned millionaire and saw them seeking financial tips online from unknown people how to get quick bucks, I realised how pathetic losers they are.
Someone is coming with something new now, sure they will some fools who can believe in anything.

To be more precise, this is not a crypto. It is just a payment system that is in its initial stages and the guys behind it want to reward the initial subscribers.
I think, there is no harm in signing up to it. Besides, there is no subscription fee or sorts and it is FREE.
 

CallMeAli

Politcal Worker (100+ posts)
Don't be fooled by such Ponzi schemes. Bitcoin is a finite and decentralized virtual currency which makes it valuable. This one should rather be named ambitious Q, because the promises they've made are impossible to achieve in the real world.
 

CallMeAli

Politcal Worker (100+ posts)
To be more precise, this is not a crypto. It is just a payment system that is in its initial stages and the guys behind it want to reward the initial subscribers.
I think, there is no harm in signing up to it. Besides, there is no subscription fee or sorts and it is FREE.
Once those initial owners join the platform and it becomes a popular, the owner would start ripping off new subscribers. This is absurd, there are hundreds of digital payment methods out there and this one doesn't have any innovative ideas to make it successful
 

Aftab Zaki

MPA (400+ posts)
Anyone can agree to disagree!
However, invites are up for all those who still want to have a shot at this...

Cheers.
 

imeeru

Politcal Worker (100+ posts)
Guys there's no payment system which can work without federal control, this is just a dream that you can develop a private payment system, and I don't even support any system without federal control.
It's like running a state without government, there will be more mess than what we have now.
We need to go back at money with it's intrinsic value. That's the only solution.
But if someone looking just quick bucks without thinking whether it's fair or not, and how damaging it is for society, he will see anything differently.
No one thinks how much damaged the cryptocurrency brought to real economy, no one realise it, everyone see how much some individuals made.
Greed is curse, affect society in whole.
 

imeeru

Politcal Worker (100+ posts)
When Muslims come up with idea motivated not by society's good but by self interest, it makes me upset.
 

CallMeAli

Politcal Worker (100+ posts)
Guys there's no payment system which can work without federal control, this is just a dream that you can develop a private payment system, and I don't even support any system without federal control.
It's like running a state without government, there will be more mess than what we have now.
We need to go back at money with it's intrinsic value. That's the only solution.
But if someone looking just quick bucks without thinking whether it's fair or not, and how damaging it is for society, he will see anything differently.
No one thinks how much damaged the cryptocurrency brought to real economy, no one realise it, everyone see how much some individuals made.
Greed is curse, affect society in whole.

Bro you need to calm down with all your religious grief and think logically. We are not talking about interest here, Bitcoin is a halal currency. Your religious beliefs don't really make any sense because the normal "Gold Standards" or the USD backed currencies have way too many flaws compared to BTC. US government can produce as many dollars as they want, whenever they want, but that's not the case with BTC. If you take a deeper look at bitcoin, the secret behind its high value is that the person who created it has no control over the coins anymore, there is a limited amount of bitcoin in the world and it is said that the person who made it kept an unspecified amount of bitcoin for himself which makes the increase in value of the currency beneficial for the maker himself.
 

imeeru

Politcal Worker (100+ posts)
Bro you need to calm down with all your religious grief and think logically. We are not talking about interest here, Bitcoin is a halal currency. Your religious beliefs don't really make any sense because the normal "Gold Standards" or the USD backed currencies have way too many flaws compared to BTC. US government can produce as many dollars as they want, whenever they want, but that's not the case with BTC. If you take a deeper look at bitcoin, the secret behind its high value is that the person who created it has no control over the coins anymore, there is a limited amount of bitcoin in the world and it is said that the person who made it kept an unspecified amount of bitcoin for himself which makes the increase in value of the currency beneficial for the maker himself.
Limited amount of bitcoin multiply by unlimited number of other cryptos, in which world you live in Bro?
Do you think that the lender countries, who also happens to be in driving seat would let you have a single currency where their currency and Pakistan's currency worth equal?
If they ever wanted this to happen, they hadn't demolished 'gold standard'.
And any currency which doesn't have intrinsic value, it can be manipulated easily, and manipulation is another form of riba.
Also, the currency which doesn't have intrinsic value can easily be demolished and wiped off easily.It's been a disaster for poor countries.
 

CallMeAli

Politcal Worker (100+ posts)
Limited amount of bitcoin multiply by unlimited number of other cryptos, in which world you live in Bro?
Do you think that the lender countries, who also happens to be in driving seat would let you have a single currency where their currency and Pakistan's currency worth equal?
If they ever wanted this to happen, they hadn't demolished 'gold standard'.
And any currency which doesn't have intrinsic value, it can be manipulated easily, and manipulation is another form of riba.
Also, the currency which doesn't have intrinsic value can easily be demolished and wiped off easily.It's been a disaster for poor countries.

Bitcoin has survived well so far and the experts believe it is not going anywhere so you don't need to worry about the wiping off stuff. There is a whole process of Ledgers known as the block chains to keep track of the Bitcoins out in the market. As far as the other crypto currencies are concerned, I don't really believe in their potential as a substitute to physical currency, the Kuwaiti Dinar is valued higher than the USD but forex traders don't invest in Dinars, they invest it USD because its widely accepted, same is the case with Bitcoin, it is the most widely accepted crypto currency and there is a finite amount of Bitcoin which makes it a far better investment than any other currency out there. The Pakistani Rupee has an 'intrinsic' value yet the government can produce a ridiculous amount of notes and manipulate the value of the currency, in fact the State bank occasionally drops the value of PKR on purpose so you might consider our local currency as "riba" influenced and go back to barter trade. There is no possibility of manipulating the value of Bitcoins unless someone invests heavily or sells a large chunk to cause a temporary fluctuation in the prices, so you should be more worried about hiba or Diba or jiba jiba jiba, because AFAIK Riba is related to interest rates or an imbalance in the value of traded items, not independent currencies.
 

Anonymous Paki

Chief Minister (5k+ posts)
a lot of people lost tons of money on these scam coins
becareful investing
siasatpk should ban of such promotion
 

imeeru

Politcal Worker (100+ posts)
Bitcoin has survived well so far and the experts believe it is not going anywhere so you don't need to worry about the wiping off stuff. There is a whole process of Ledgers known as the block chains to keep track of the Bitcoins out in the market. As far as the other crypto currencies are concerned, I don't really believe in their potential as a substitute to physical currency, the Kuwaiti Dinar is valued higher than the USD but forex traders don't invest in Dinars, they invest it USD because its widely accepted, same is the case with Bitcoin, it is the most widely accepted crypto currency and there is a finite amount of Bitcoin which makes it a far better investment than any other currency out there. The Pakistani Rupee has an 'intrinsic' value yet the government can produce a ridiculous amount of notes and manipulate the value of the currency, in fact the State bank occasionally drops the value of PKR on purpose so you might consider our local currency as "riba" influenced and go back to barter trade. There is no possibility of manipulating the value of Bitcoins unless someone invests heavily or sells a large chunk to cause a temporary fluctuation in the prices, so you should be more worried about hiba or Diba or jiba jiba jiba, because AFAIK Riba is related to interest rates or an imbalance in the value of traded items, not independent currencies.
You just don't get what 'intrinsic' value mean? It means currency has its usage outside currency as well. For example you can make jewellery out of gold and silver coin. PKR does not have intrinsic value, if government demonitize any note? You can only burn it or use as wallpaper, and yes it has essence of 'riba' but onus is not on me because I have no choice but use it to survive.
How Iraqi currency went worthless after sanctions it could never happen if Iraqi dinar was made of precious metal, it could be sold in open market.
Bitcoin can only be good if it's taken as single global currency, accepted by all countries. And if you're watching this dream, just wake up buddy. :)
 
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