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is this the first time a court treated btc as an asset? Or atleast in korea? 191 BTC btc is a lot and it's probably too valuable to resist.
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Crypto is often compared to the internet. They are both disruptive technologies however, it seems that crypto is a little bit too advanced for its time. The slow rate of its adoption is rather alarming for me because it indicates that people dont really need it. However it's still too early to tell where it's going. Still have all the reasons to be optimistic! Supporters
The cryptocurrency today is like Internet 20 years ago: a brand-new and unexplored thing that promises great opportunities. So, many people expressed interest in it and became participants of the crypto world.
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As a matter of fact we know online currency is popular in virtual community cause they uses of virtual currency is common for online based work. This digital currency is not so much popular for those people or local people who are not related to online based work. They have no idea how online currency increase economical condition day by day.
But from few years people are more interested about digital currency and online based activities only because of its several benefits.
Now a days we can hire skilled worker from all over the world and also can provide different work at the same process cause they don’t worried about money and payment system.
So on above this conversation common people are more interested for online currency.
We all have different perception of common people. In my opinion for them, it's one of those get rich quick things. That's the reason why there are so many people scammed in the crypto community. Common people will only get interested in bitcoin if they see results or atleast if they actual have the use for them. Hopefully in the future more software abstracts the technical part of bitcoin and make it easier to use to cater the needs of many. |
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As long as they keeps their hands of on the actual crypto currencies then i dont think it's a problem. If we want adoption we have to be prepared for some sacrifices. And if we want to use it cryptos like fiat then we have to expect it's going to be regulated like one. Banks are front lines against money laundering and they are tasked to flag suspicious transactions. But as we make them irrelevant someone has to take on the mantle and in this case they are the exchanges.
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Acknowledging is always the first step i guess.
"While crypto payments will not be legalized under these amendments, it follows from the bill that in the future, such currencies will be used as payment “in controlled quantities.”
They're being cautious with dealing with crypto and that's understandable. It's hard to speculate on what it could be from where we are.
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I'd rather keep my bitcoins now consider how much I paid for them. I also studied the protocol and made a big bet with my career, so far so good. I'm playing my cards in this very difficult battle
Anyone who's sitting on a large pile of money is possibly doing themselves a disservice if they don't move it into a few other areas while the going's good. I'd never abandon crypto but retirement in particular is about hedging, preserving and nurturing which means having a significant chunk in boring options too. I agree. Putting all your eggs in one basket just seem absurd to me. Specially for something like retirement. There's so much changes in crypto everyday not just in prices but also in regulations. And it doesnt sound like a good idea to me to put all my retirement in crypto because one regulation could wipe it out. At the very least i'd wait for much of the regulations to be finalized. |
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Imagine that some respectable country would go far beyond legalizing cryptocurrency and start one of its own. It would surely be no scam and it would probably have a strong support, but would there be any drawbacks to the currency and the state itself? Would it get more attention than some of the biggest coins now?
It depends on which government issued it and its motive on issuing it in the first place. One drawback i could think of is that coins issued by the government is most likely politically driven. Meaning, its aim isnt to offer a decentralized solution, but maybe it's just more ways getting away with corruption. |
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Competition between local currencies Vs crypto currencies are in peak now. Crypto currencies have occupied currency market causing local currencies enforce (banks) banning of crypto currencies. We can see number of investors have turned towards to bitcoin and other crypto currencies with large scale. Will there be a chance / time bitcoin and other crypto currencies rule over currency market and local currencies get disappear slowly in a decade or two?
A country's fiat cannot disappear without the country disappearing with it. I dont' think it's possible atleast for the next hundred years. Additionally from an economic perspective..Capitalism works because we have fiat that the government could directly inflate. If you introduce a monetary system that cannot be inflated the whole thing just blows up. |
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Assuming the survey is reliable and is indeed representative of the population...
Hopefully other countries would also see the potential. I'd like to see a world where bitcoin could really help out the poor. Plus maybe new kinds of tools would be developed for the less technological savvy people.
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The society is divided into haves and haves not, poor people are getting more poorer and rich people are getting more richer, Value of money is decreasing and inflation is increasing, Many people around the globe suffer death mostly Africa and asia because hunger and unable to fulfill basic human needs.
What actions should governments need to take and how individuals can contribute?
One of the biggest problems we are facing is the poor distribution of wealth. The rich continue to be richer and the poor continue to be poorer because the rich are granted more opportunities the poor is not, and the poor remains stuck in a pit of poverty. This is also true for countries. Continuous brain drain hinders poor countries from being rich. If the government wants to make their country richer, they should solve this problem. |
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We lack big industry leaders who pro actively support it. Those big players who could actually change the tides arent really "doing" anything. For instance amazon could start accepting btc but they dont. But of course i do understand it's more complicated than that. Because of the mentioned reasons above, it's very complicated to just accept bitcoin. But i do think they could take on a bigger role if they wanted to
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In the beginning, BTC could be used to exchange of low value of virtual items, such as buying web sites or game points, virtual items, etc., afterwards, some people in order to get these virtual items, items may be in online auction own reality for BTC, others want to buy the real goods, but no BTC at hand, and then use real money to exchange BTC, as a result, BTC begin to flow, and have a "value".
In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.
The value of money: it exists because of payment.
Like what most post says, it doesnt have to a currency to succeed. It only has to hold the a certain value. That's basically why it's digital gold. The very reason why people arent using it as much as we'd want to is that it's too volatile. It's risky for both the company and the customers transacting in bitcoin. Plus not all companies are equipped to accept it anyways. Additionally in terms of inherent value. Its value comes from being a solution to a problem. As long as banks monopolize the financial institutions there will always be a place for bitcoin. |
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I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?
It is possible kinda like how gold could be accepted anywhere globally. Dont expect it to be widely accepted though. I mean, bitcoin could potentially dominate transactions in the internet and the currency online could be considered as used globally. However, respective local fiat could still dominate day to day transaction |
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That's kinda confusing. Article says that they maintain a conservative stance on bitcoin. Meaning they dont recognize it as a legitimate means of payment. However taxing it is one way of legitimizing it. Am i missing something here? But anyways, i do hope the taxing system works both for the government and the crypto industry. If it works, then maybe other governments would follow.
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It's nice to see governments who actually see the opportunity in blockchain. Plus them positioning themselves in a renewable energy track is just perfect and makes them capable of supporting the computing requirements. Hopefully other countries step up as well.
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It already has. Although it's not Facebook itself. It's the conscious effort of groups that could influence people. What makes facebook especially powerful is that it's designed to be addictive and interactive. People are too exposed to information and that drowning in data erases the boundaries between truth and lies. Especially when you have thousands of people piling on the posts. The inter-activeness makes the influence more powerful knowing that a certain opinion may appear to be the popular one.
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Our generation does not have the same opportunities as the previous generation; it is difficult not to be concerned about the future and angry about the past.
It is normal to see more Millennials living with their parents than with roommates. Marriage, having children and buying a house has to be delayed longer than before; according to the seniors, we are the ones to blame along with other things they say like lazy. No matter where you are, it seems this generation has to try harder to achieve less than any generation before. Rent/mortgage could consume half of the income; jobs are unstable if you can find one and probably you are overqualified for it.
In order to have a decent life, we have to live with DEBT, to study we have to take a student loan and probably many of us won’t be able to retire until we are 75. Salaries have declined and entire sectors have disappeared. At the same time, the cost of living has increased. It is clear that there are not enough opportunities for all of us.
Are we the ones to blame? Is the previous generation to blame? Do we have to adapt our lifestyle? Is the government capable to do something?
Well it depends on where you live. Opportunities still exists but it's harder to find them if you live in a rich country. One extreme example is japan. The over competitiveness is sucking the life out of them. And a lot find it hard to get a job. On the previous posts you said you tried living in different countries. You should also consider if your skill set matches the prerequisite of the opportunities available. But yes i do agree with you, still generally it is harder for millennials. We have one advantage though and that's the availability of technology. Learning has never been easier thanks to the internet, we just have to utilize it properly. We do have bigger challenges but we are more capable of equipping ourselves with the necessary tools |
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Even after they got exposed, it's very easy for them to make another name and grou after this if they want to. There are lot of pump and dumpers around crypto and the best thing to eradicate them is to educate investors properly.
I agree. Really there's no stopping them unless we ban "small" coins on exchanges. It's hard to educate people though. Once promised with quick cash, most logical processes on their heads just stop working. And especially because as investors, they need to be ahead of the curve and that makes them especially vulnerable. |
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He's right on price stability. It's one of the reasons why lots of people are too scared to use bitcoin. I do hope the rapid volatility is temporary though. I mean bitcoin isnt popular because its volatile and it's volatile because of the low technology adoption. Hopefully something gives one day allowing for much stabler prices.
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