Make sure check their pockets, Make sure they are no Bobby Ginn, Nine phases over ten years, While this staggered approach to the development is commendable, it also says alot about their finances. Will the earlier phases be used as leverage for the later phases.Things that make you go hummmm ! Ever heard of a development Ponzi scheme !
@Banker 10% of all ICO's have been hacked from 2015 to 2017 ....a value of about 1.5 million dollars a month. If BISX and the Bahamas is to get this right we MUST implement regulation and strong safty nets or suffer from reputational damage. . Hackers are attracted by the rush, absence of a centralized authority, blockchain transaction irreversibility and information chaos," BISX should start with a cyber security unit.
Maybe some the Dreamers in the tech areas will locate here and start companies here instead of going back to their central and south american countries if Trump have his way ..They are mostly Mellinniial,s who are , tech savy ...Freeport would be a great fit
We have become a consumerism society just like all western countries.The financial discipline it takes to avoid living like the proverbial Joneses family is very hard to attain because of the modern pressures to satisfy relationships, business partners and friends and family. The research that shows that 80% of Americans live from pay check to pay check is higher amongst Bahamians because our average salary in the Bahamas is much lower.and the loan portfolio of the commercial banks can bear witness to this fact. With a population of over 300,000 and a smaller banking population this country has a total loan portfolio (personal and Bussiness) in the hundreds of thousands of accounts with billions owed to those institutions. . Satistics also show that most government employees have breached the 75% salary deduction threshold proving that we a "must have now" generation. The advancment in technology and the need to get the latest eg Iphones and in some cases one for each family member has greatly contributed to the joneses effect. Gone are the days when we only had to worry about a house phone, cooking on the rock oven in the back yard, and riding the horse and buggy. As society modernizes the joneses effect will only increase because no one is willing to live like those monks anymore. Those who do are ostracized and considered homeless or doing bad. The joneses effect is all about percieved status and only one percent of us have truly earned it.
PLP stupidity and cronyism at its best. Bring on the anti curruption bill, Brave is the biggest reason why the PLP will not get in next time ! Bahamians know fool and foolishness when they see and hair it !
This might all just result in the revival of the Banking industry if we can become a world leader in this area.. I can just see all nationalities flocking here with their online crypto activities hopeing for great results. if BISX can pull this off and become a world leader we could be the hong kong of the region
Since it is a electronic digital currency, The owner of the computer infastructure will be mining the currency. Regulation and Security, are two very important issues with these type of currencies because it will be decentralized.
In defence of the good doctor.... he is a free thinker who does his research, I am not saying he is an expert in technology but from the terms used in his presentation i can see he studies world trends and the art of whats is possible for the advancement of the Bahamas economy..Persons like myself with a technical background can easily appreciate his presentation.
realitycheck242 says...
Make sure check their pockets, Make sure they are no Bobby Ginn, Nine phases over ten years, While this staggered approach to the development is commendable, it also says alot about their finances. Will the earlier phases be used as leverage for the later phases.Things that make you go hummmm ! Ever heard of a development Ponzi scheme !
On $2billion GB resort proposed
Posted 30 January 2018, 2:27 p.m. Suggest removal
realitycheck242 says...
interesting facts, Them Hackers on they Game. It seams as if the trading rules for ICO's are just like regular currency.
On BISX to 'jump in' oncryptocurrency IPOs
Posted 25 January 2018, 4:07 a.m. Suggest removal
realitycheck242 says...
@Banker 10% of all ICO's have been hacked from 2015 to 2017 ....a value of about 1.5 million dollars a month. If BISX and the Bahamas is to get this right we MUST implement regulation and strong safty nets or suffer from reputational damage. . Hackers are attracted by the rush, absence of a centralized authority, blockchain transaction irreversibility and information chaos," BISX should start with a cyber security unit.
On BISX to 'jump in' oncryptocurrency IPOs
Posted 24 January 2018, 2:59 p.m. Suggest removal
realitycheck242 says...
Maybe some the Dreamers in the tech areas will locate here and start companies here instead of going back to their central and south american countries if Trump have his way ..They are mostly Mellinniial,s who are , tech savy ...Freeport would be a great fit
On PM touts Bahamas' 'reliable electricity'
Posted 24 January 2018, 8:58 a.m. Suggest removal
realitycheck242 says...
We have become a consumerism society just like all western countries.The financial discipline it takes to avoid living like the proverbial Joneses family is very hard to attain because of the modern pressures to satisfy relationships, business partners and friends and family. The research that shows that 80% of Americans live from pay check to pay check is higher amongst Bahamians because our average salary in the Bahamas is much lower.and the loan portfolio of the commercial banks can bear witness to this fact. With a population of over 300,000 and a smaller banking population this country has a total loan portfolio (personal and Bussiness) in the hundreds of thousands of accounts with billions owed to those institutions. . Satistics also show that most government employees have breached the 75% salary deduction threshold proving that we a "must have now" generation. The advancment in technology and the need to get the latest eg Iphones and in some cases one for each family member has greatly contributed to the joneses effect. Gone are the days when we only had to worry about a house phone, cooking on the rock oven in the back yard, and riding the horse and buggy. As society modernizes the joneses effect will only increase because no one is willing to live like those monks anymore. Those who do are ostracized and considered homeless or doing bad. The joneses effect is all about percieved status and only one percent of us have truly earned it.
On MONEY MATTERS: Forget competition with the Joneses
Posted 23 January 2018, 4:09 p.m. Suggest removal
realitycheck242 says...
PLP stupidity and cronyism at its best. Bring on the anti curruption bill, Brave is the biggest reason why the PLP will not get in next time ! Bahamians know fool and foolishness when they see and hair it !
On Davis defends three-year deal
Posted 23 January 2018, 2:19 p.m. Suggest removal
realitycheck242 says...
This might all just result in the revival of the Banking industry if we can become a world leader in this area.. I can just see all nationalities flocking here with their online crypto activities hopeing for great results. if BISX can pull this off and become a world leader we could be the hong kong of the region
On BISX to 'jump in' oncryptocurrency IPOs
Posted 23 January 2018, 12:46 p.m. Suggest removal
realitycheck242 says...
Since it is a electronic digital currency, The owner of the computer infastructure will be mining the currency. Regulation and Security, are two very important issues with these type of currencies because it will be decentralized.
On BISX to 'jump in' oncryptocurrency IPOs
Posted 23 January 2018, 5:01 a.m. Suggest removal
realitycheck242 says...
Extensive upgrades to existing hardware and software applications in use today will be required to facilitate cryptocurrency trading.
On BISX to 'jump in' oncryptocurrency IPOs
Posted 22 January 2018, 4:14 p.m. Suggest removal
realitycheck242 says...
In defence of the good doctor.... he is a free thinker who does his research, I am not saying he is an expert in technology but from the terms used in his presentation i can see he studies world trends and the art of whats is possible for the advancement of the Bahamas economy..Persons like myself with a technical background can easily appreciate his presentation.
On Avoid 'creative destruction' for $1bn GDP expansion
Posted 20 January 2018, 6:01 a.m. Suggest removal