My walk the other day. I love graveyards.
US gun culture
📉 94% drop in 2011 - $32 to $2 Reason: Mt Gox hack
I LOVE SOLA !!
Visit the Hortus Botanicus. The Hortus is a great place in the middle of the busy city. Just to relax with a nice cup of tea or so. Enjoy the photos I took today , just for Sola.
Hey guys welcome to the second card about my interrail trip :D😂
Cute n ….?
Spend time with interesting people and their mini-stories in a relaxed and not binding way.
Help this long going discussion to a closure please
People who don't wet their toothbrush before using it are strange and shouldn't be trusted.
My father playing piano. I love him so much.
Morgan Stanley Plans to Offer Bitcoin Swap Trading for Clients
“Love is asking "
serentaun ceremony in ciptagelar indonesia
Tokyo Station and the reflection.
We will send you best mini-stories
In Turkey, Google searches for "Bitcoin" have doubled since the local currency crashed.With every new currency crisis, more people turn to crypto as a safe haven to protect their wealth. If the difficulties continue, Erdoğan’s government will be forced to impose capital controls and stem the outflow of capital from the country. Estimates place the debt burden on corporations and financial institutions at some $220 billion. Our prediction: Should Turkey decide on capital controls, expect Bitcoin to trade at a significant premium on the country’s OTC markets. This permissionless, censorship-resistant and decentralized form of money is exactly what’s needed to combat a currency crisis, deeply rooted in an aging system. Especially in Turkey, where politics and money are centrally managed and authoritarian, decided by a cabal of unelected officials. But we’ve seen this all before. It’s a consequence of the decades-old practice by central banks, which drives interest rates to near-zero … starves financial institutions of the yield that they need to keep operating … and makes mincemeat of the income that retirees depend upon.
What’s worse, artificially low interest rates encouraged individuals and institutions to take on huge risks. Low rates have forced capital to seek returns elsewhere — leading them to invest in places that would normally be considered too volatile, or pose great speculative risks.
Governments glance nervously at one another, wondering which will be the next to fall. This is a systemic issue in a monetary system held hostage to interest-rate decisions, which are often made by academics with no personal experience navigating global capital markets.
Remember when the Federal Reserve drove interest rates to zero? That was done to stimulate domestic inflation, in a move aimed at fighting the specter of deflation that harangued the U.S. economy following the 2008 collapse.
There is, however, one very serious problem: The U.S. dollar is the world reserve currency. So, what happens when dollars are cheap to borrow? Emerging markets like Turkey were flooded with capital from pension funds chasing higher yield. They would have stuck around indefinitely as long as U.S. rates continued at near-zero levels. But, now, the Federal Reserve is raising rates and pulling the plug. Argentina is another calamity in the making. The peso has continued to fall steadily from about five cents to three and a fraction — all since the beginning of this year.
The monetary system is in flames. Citizens of Turkey and Argentinians understand this. They’ve experienced their fair share of currency collapses before. So, they get why Bitcoin and other cryptocurrencies are imperative to preserving their wealth. They rarely ask whether to buy crypto or not. Instead, they just want to know where and how fast they can get their hands on it. It will not stop. The cracks are widening. Whether it’s the Fed’s reckless rate reductions that sent capital fleeing to higher-yield, high-risk countries … their latest policy of raising rates, currently driving emerging-market currencies into the floor … Or whether it is the European Union’s money-printing euros to help prop up the weaker member-states …
There is a growing realization that something’s broken. Fiat money is not working. Eventually, people will abandon the perceived safety of government-sanctioned money and move toward a system that is freer, more transparent and equitable for all. Turkey’s currency collapse, now considered the exception, could become the norm. A long list of countries is set to follow. Every time another currency sinks, more people will migrate into crypto. Once they buy in, they will be reluctant to leave.
A loud chorus of demands will rise from the fiat-money chaos. They will demand fair treatment of cryptocurrencies by central banks. They will demand that the remaining fiat currencies provide the same level of transparency and accountability. And if their demands are not promptly met, still more will flee. It won’t happen overnight. It will take place in stages over long periods of time. But ultimately, cryptocurrencies will become the world’s new financial standard. And we’ll be as committed as ever to showing you the very best ones to invest in, at any given time.
Currently, this one is our # 1 recomendation - especially for people from countries with a backward economy and rapid inflation, such as Turkey, it is advantageous to invest a bit of money in bitcoin to protect against inflation. See more and before communication later.
Say (almost) anything #138. Celebrate International Chocolate Day!!!!
Ripple Wins a New Customer: NCB, One of the Largest Financial Institutions in the Middle East, Joins RippleNet
On Thursday (13 September 2018), cross-border payment specialist ripple announced on its website that National Commercial Bank (NCB) of the Kingdom Saudi Arabia (KSA) had become its latest enterprise customer, and joined RippleNet, Ripple's fast-growing, global network of banks, payment providers, digital asset exchanges, and corporates.This is a huge win for Ripple as KSA is a major player in the remittance world, with the World Bank's remitances data "showing that 308 million dollars were sent into the KSA, and 37 billion dollars in remittances were sent from the country in 2016." The reason for the very large amount of money flowing out of the country is that it is one of the largest labor markets in the world with an estimated (at the end of 2017) 11 million foreign workers from more than 100 countries. Also, according to Ripple, "both large corporates and small to medium enterprises (SMEs) are responsible for significant payment volume", with both groups mainly served by domestic financial institutions. NCB, which was founded in 1953, says that it manages 512 branches across the KSA, has over 3.3 million customers, and is the largest financial asset manager in the Middle East.NCB's decision to join RippleNet and become a customer of Ripple's xCurrent product follows the conclusion of a pilot programme involving KSA's central bank, the Saudi Arabian Monetary Authority (SAMA), which signed an adreement with Ripple in February 2018 to "help banks in the KSA improve their payments infrastructure using xCurrent." The purpose of this pilot programme was for participating banks from the KSA to "use xCurrent to instantly settle payments sent into and out of the country, with greater transparency and lower costs." Dilip Rao, the Global Head of Infrastructure Innovation at Ripple, had this to say at that time:
Hello,solarians!Do you like to stroll at night? I am very… 🌔
Afternoon at the Hoa Binh Parks
This time it can't go away. It's time to start a party…