Facebook will rescind its ban on crypto ads across its social media platform. The ban was instituted in January. The move stoked rumors that Facebook is intending to launch its own crypto or even acquire US exchange giant, Coinbase. For now, all that’s clear is that crypto ads will be reaching more eyeballs.

Silicon Valley investment firm Andreessen Horowitz introduced a new $300 million Dollar crypto venture fund, known as a16z crypto.  The fund will invest globally into crypto projects with proven applications, regardless of the current bearish market conditions.

Chinese crypto company, BTCC, is selling a 49% stake in its crypto mining business for nearly $19 million USD. BTCC’s mining poolcurrently for 1.6% of network hashrate. The contract stipulates a yearly profit expectation of roughly $3.8 million USD.

According to results of a survey, 35% of Europeans believe Bitcoin to be the future of online payment. Two thirds of Europeans are aware of crypto and 15% of respondents wish to be paid in it. The survey was conducted by Dutch banking group, ING, who questioned about 15,000 people.

the American financial regulator, the SEC, sought public comment on a proposed Bitcoin ETF, or exchange-traded fund. If approved, the SolidX Bitcoin ETF will trade alongside Bitcoin futures on the Chicago Board Options Exchange.



Source: https://99bitcoins.com/bitcoin-news-summary-july-2-2018/

Bitcoin can survive years or even decades, since a lot of companies and rich people are investing and creating block chains, to provide better and faster service for the customers.

Actually the subject of your topic is wrong, Bitcoin is not a scam, it's the person who uses bitcoin to scam another person. And as of now we cannot tell if it's really a scam free in crypto world.

Well actually i really dont care if other people dislike bitcoin, as long as i know that I'm going to earn money in here, because thats the best way to shut them up just work hard, and after that i know that you can boast to them how much you earn from bitcoin.

As of now bitcoin is like a gold, when it comes to price, but you cannot compare bitcoin to gold, since bitcoin is a medium for the transaction through internet, while gold is once use ad currency and now being used to produce jewelries etc. So bitcoin​ and gold has a lot of differences.

My prediction for bitcoin 10 years from now is that, it is still the number one crypto currency, and the price wi be at $100,000. The reason is because there lots of crypto currency that is being created.

Yeah,bitcoin is not dead that's why we're still here, making our move to become successful, bitcoin cannot be taken down easily, it had a strong foundation.

I have read an article regarding with that, I hope it can help other members, here it is:

The Serious Disadvantages of Bitcoin
January 1, 2014 Anthony Alfidi

You’ve all heard about Bitcoin.  No one knows who created it, although some writers have made very educated guesses about the identity of the pseudonymous creator. I have sometimes wondered whether Bitcoin is the product of some transnational criminal organization or rogue state that wants to undermine developed economies by casting their payment systems into doubt.  I am less concerned with Bitcoin’s origin than with its flaws.  I shall enumerate those flaws forthwith.

Bitcoin enables fraud and other criminal activities.  This is absolutely the single most salient feature of Bitcoin’s anonymity.  Conventional currencies are indeed subject to laundering and counterfeit.  There is probably no way to eliminate those risks completely.  Bitcoin magnifies those risks because it can only be exchanged anonymously.  It dominates dark networks that have been known to traffic in narcotics.  Law enforcement efforts to shut those networks down will terminate the ability of any financial actor to transact in Bitcoins even for legitimate reasons.  When the network is down, your Bitcoins are gone.  Conventional currency doesn’t work that way in real transactions.  Banks and brokerages have offsite business continuity backups.  Securities exchanges and central banks maintain counterparty records.  These mechanisms lack Bitcoin’s anonymity but make up for that in resiliency and trustworthiness.

Digital QR codes make it vulnerable to theft.  One Bloomberg TV anchor learned this the hard way.  Transmuting digital Bitcoins into a paper medium means the QR code reveals their underlying location.  Scanning that QR code means anyone can anonymously steal Bitcoins.  That’s the bad part about anonymizing a currency.  Masking ownership means no audit trail to recover a thief’s digital fingerprints.

Mining Bitcoins is a health hazard and energy sink.  People run obsolete hardware just because the video cards can process random digits into raw Bitcoins.  This is a kind of “mining” that’s unlike the real-world mining I’ve studied for years, because it transforms nothing into an encrypted version of nothing.  Nerds who run multiple machines overnight to mine Bitcoin risk heat stroke from the machines.  If you don’t believe me, do a Google search of “Bitcoin heat” and note all of the cooling problems Bitcoin miners discuss amongst themselves, with the real world watching them fry.  Crypto-nerds advocate data furnaces as an economic solution to waste heat generation from Bitcoin mining.  Gimme a break already.  There is no way a distributed network of Bitcoin mining operations could ever be a backbone for currency transactions or an alternate energy grid.  No cloud provider in its right mind will ever farm out data storage needs to distributed servers with zero physical security.  Bitcoin’s so-called solutions just multiply its problems.

There is no central bank for Bitcoin.  Indeed, there never will be one, because Bitcoin’s evasion of central control appeals to its users.  The Federal Reserve, for all of its flaws, has enabled the US to withstand financial panics because it could manage a unified national currency.  A central bank manages fractional reserve lending that allows a national economy to expand.  The supply of crypto-currency is limited by algorithmic design, so an economy running on Bitcoin cannot expand to accommodate a larger population or natural resource base.  A Bitcoin economy cannot grow because it cannot deploy excess capital for innovation.

Minting copycat currencies is easy.  Run through the gamut of crypto-currencies like Litecoin, Dogecoin, Namecoin, Peercoin, and others to see how unserious most crypto-currency enthusiasts are about money.  Dogecoin in particular is obviously a joke based on an Internet meme.  Using a currency named after memes doesn’t impress me.  Imagine someone in the early 20th Century printing a dollar with Mickey Mouse’s smiling visage and convincing others to take it seriously.  The US economy tolerated decentralized currency minting for some of its history until the settlement of the frontier demanded a nationally integrated economy.  Copycat currencies destroy the credibility of Bitcoin.

It's​ good to hear that our country (Philippines) have an open mind when it comes to crypto currency, it will.make our economy way much better. I hope that it will be implemented smoothly.

It'll affect the price specially if most of the holders don't want to sell, there will be a shortage on BTC, and of that happens, the price of BTC will go up because they'll gonna raise the price.

No one controls bitcoin, but sometimes​ it is being controlled by large investors and the users, once their is a high demand, BTC's price will be determined.

Of course it will be gone if you don't give your passwords and addresses to your family. So the better thing to do is to make a copy of all your credentials, give them knowledge what bitcoin is, so that if you pass away at least they have the idea how withdraw it.

Really? That's the only thing you know about bitcoin? Then how did you earn that rank of yours if you only know about bitcoin is a virtual money? Why don't you use Google to search other uses of bitcoin? We all know that having Bitcoin is a big advantage compared to people who dont know about it, we earn money in BTC.

It already does, our world is already changed by bitcoin, bitcoin made the transaction easier unlike banks that needs identification and IDs, also minors can process their transactions without parent's concern, unlike banks that if you're a minor you need parents concern.

Many people uses Bitcoin as an investment, they only see it as a fast way to earn money, but they dont see what's​the reason why is it invented. It may take time before they will realize the true meaning or proper usage of bitcoin.

So what are you going to do if the price of bitcoin goes down? And you sell your house for $259,900. Then suddenly BTC price drops to $2000, you're rekt. That is not a wise move, that's a reckless one.

I hope that the price will increase however​ we all know that Bitcoin's price is very unstable, but if it becomes stable meaning there will be a lot of people who invest in BCT that will be bankrupt. That might be the cause for other altcoins to gain some popularity with a higj price.

If you have a weam mind, then that is also going to happen to you, that's why most​ of the opinion​ here is, invest the money that you can afford to loose. Investing in bitcoin is like a gamble, specially the unstable price is one of the problem in here. Patience, relax, dont let stress affect you.

This is one of the common topic in this forum, if they'll gonna sell or hold. That's common sense, why would you sell your bitcoin if you cannot earn a profit from it. For example you buy it for $12000, then the price decreases to $7000, are you going to sell it? No right, because the capital you use to buy it, is not going to return, sonif I were you wait until the price goes up again, then sell it.

Then having money is a crime, if your reason why post this is because bitcoin is being use to process or transact withh illegal doings, then possessing money is like holding a gun too, because before bitcoin was made, money is the main payment for their illegal transactions.