In my opinion any exchangers out there is becoming like Paypal . We need a decentralized Exchanger and not a website that asks us for our Phone numbers , Bills and ID/Passport verification , where is being "annonymus" , This defeats the whole purpose of Bitcoin to be honest .
~ Madness
Yes, this will be ideal scenario (to receive money without providing personal info or ID) for most users but international money laundry laws are more and more strict each day and I'm afraid that this is not longer possible. In fact this compromise basic idea behind bitcoin, that our info is protected and secure and all users are anonymous. |
|
|
|
I am thinking about a person who made a huge intellectual contribution to humanity but his identity is unknown. Is this a first in history? His contribution is like that of the great scientists (e.g. Louis Pasteur, Edwin Hubble and Avicenna).
You may be right that Satoshi made great contribution to humanity, but in my opinion more in financial way than intellectual. Also, we still don't know is Satoshi is single man or women or maybe whole organization. In fact, bitcoin is not first such project, as UsernameBitcoin stated, and surely not last such contribution. In 50 or 100 years bitcoin can become insignificant and some other crypto currency can become more popular, so we will talk then about a huge intellectual contribution to humanity from someone else, not Satoshi. It's to early to make such statement, only time can tell. |
|
|
|
I know you've heard it before from other people trolling for attention when they don't really have anything. But I'm NOt TROLLING.
There will be something big on April 15th, I'm sure most people get the significance of that date.
Until then...
The price will going to moon. I believe. I think that all of us want this to happen  Unfortunately reality is very different and we will be very lucky if price of BTC rise again to 700 or 800 $ in next year or two. So, what will happen on April 15th. I guess nothing, just another day in bitcoin world |
|
|
|
There is no future for bitcoin in China.
China is very different from rest of the world. They have democracy in economy but dictatorship in politics. So, if bitcoin will not be political issue for Chinese government, I don't see why there is no future for bitcoin in China. |
|
|
|
Bitcoin lasts technically till at least 1 valid copy of the blockchain exists, once thats gone... its goodbye to Bitcoin forever.
Technically yes. But Bitcoin is strong only as long as people will be willing to use it. If they one day find another way is more efficient - bitcoin will be done for. It only exist because it is worth something for people. I agree 100 % with you. Bitcoin really was revolutionary and new in the beginning but right now we have many other similar projects on Internet. Many of this new virtual currency will not succeed but some will become successful. If bitcoin don't fulfill expectations of its users and some other virtual currency show more results, people will naturally replace bitcoin with something else (new virtual currency), more effective and convenient for them. |
|
|
|
I think we all want bitcoin to go mainstream. The speculators do to make a profit and the believers do because we actually want to buy shit with it. It needs to go mainstream and the price will be more stable which has some kind of correlation. The more the adoption rate is, the more stable of the price! Ppl will adopt it and experience the benefit of it comparing with the traditional fiat!
What do you base this on? I don't think it going mainstream will necessarily make it more stable. I agree with you. We all want bitcoin to go mainstream because we will have many more ways to use bitcoin, spend it on buying many digital goods... This will also create higher demand for bitcoin and this will eventually helps stability of bitcoin, price will go up etc. We definitely need more average bitcoin users and mustn't become exclusive club or stay in some marketing niche. Such scenario can kill bitcoin in long term. |
|
|
|
Bitcoin is perfect for porn shenanigans, i dont want to give my real name and bank address to porn producers lol.
I think the porn industry is missing out big time by not accepting bitcoin. Most people don't want to give their personal details to such companies nor do they want their wives to see what they've been buying on their credit card. Plus, they can save a lot of money avoiding credit card fees. Bitcoin isn't truly anonymous but rather pseudonymous
It's anonymous because the porn sites won't know who the hell you are if you don't want to tell them. Very good points. Yes, porn industry can be very good niche and business opportunity for bitcoin. At least, anonymity is the strongest point in bitcoin, and it's safe to use bitcoin as payment tool. Of course, there is also a lot SCAM in porn industry and also it's very fine line between the legality and illegality there. We have to be aware about this and not to jeopardize bitcoin and brought it under government investigation. |
|
|
|
I think the list of things we still cannot buy directly with bitcoins is countless. I can't buy most things in my country. I can't buy a car from a dealership. I can't buy anything from my local shop. I can't buy petrol. I can't buy medications from my pharmacy etc, though I think and do hope the number of things you cannot buy will shrink over time but it could be a very long wait before we can purchase everything we need with it.
You are right, every beginning is very difficult. It seems that now we can spend bitcoin only on some digital things, but in most cases bitcoin is useless. This is the reason why many users look in bitcoin as form of investment. Hopefully this will change when more ''big'' merchants and ''big'' names accept bitcoin in the future. |
|
|
|
Thank you for sharing, great info! I will forward this to my friends, programers, who may be interesting in this job. Unfortunately, I don't have some required technical and other skills to apply myself. I may only work as secretary, if this position opens in the future |
|
|
|
Im extremely interested in the outcome of Greece, i'll listen to this later. But in any case I dont see them making Bitcoin the official Greece coin so to speak. People is too dumb to adapt all of a sudden to Bitcoin. Its too crazy and experimental to make it the currency of an entire nation.
Then again they are in a dead end on the 28th, unless they arrive at agreement with Merkel which is not gonna happen.
I'm also very interested what will happen in Greece. I don't think that thy can simple change Euro with bitcoin and that this will fix all their financial problems. Nobody will forgive them their financial debts and I don't think that EU will ever accept repayments in BTC instead of Euro BTC can be good solution for them if they ever decide to give up from Euro but until they resolve this financial situation this is not possible. |
|
|
|
Well, those things weren't decentralized. ...
That's what I was going to say. There really are no precursors of bitcoin. The examples you gave were attempts to make traditional systems work in a digital environment. Bitcoin is a digital native, and when combined with the lack of central authority it is truly different. It is a revolutionary development in the evolution of money. This implies that the technology itself was not that important but rather the implementation and momentum. Makes Bitcoin seem more fad than revolution with that narrative. For me I would rather hear that Bitcoin implemented something in the algorithm that was truly unique and revolutionary that until that point represented a fatal flaw that would not allow the distributed momentum to ever take hold. I would say that the protocol is brilliant, but does not include much revolutionary code. Except for perhaps the blockchain, It is more of a revolutionary system. As long as it is the fastest, safest, and cheapest way to send money it is not going anywhere. the credit cards are the cheapest way and the "safest". BTC propaganda is spreading a lot of lies regarding to this thing. BTC is not free and not safe. a lot of hackings, a lot of problems. BTC is unsafe only if you don't protect yourself online. If you use all protection offered by Blockchain and other services, you will be fine. In fact, I think that bitcoin security online is higher than security if you use credit card online. I never had problems spending bitcoin online but had security problems using credit cards online. In my opinion bTC is free and BTC is safe, but I can't say this for credit cards. |
|
|
|
|
Well, very interesting question.
In traditional way of banking, cash is issued by bank and you receive it in paper.
Over time this changed because now we can pay with credit cards but still everything is regulated by banks.
So, in traditional way, bitcoin is not cash.
There is no bank behind BTC, no central office, no paper etc.
but, already with some merchants you can use btc and spend it, for different digitakl products etc.
you can even exchange your BTC to paper currency (USD, Euro...) and cash out.
It's true that mostly people still see BTC as investment only but this may change when ''big'' merchants'' like Google and FB accept bitcoin.
|
|
|
|
WOW 2 years and game is over So many catastrophic predictions on this forum recently only because price of the BTC is very low at the moment. I can't say 100 % what will happen next but right now I think that is very good time to buy BTC and earn some profit later. We just need a few ''big'' names like Google or FB, to accept us and attract interest of public, and we will rock again! Some rumors on this forum predict that this may happen soon. Even in unlikely scenario that BTC really collapse, I think that this will happen in much longer period, not just 2 years. |
|
|
|
I agree. It seems like a tremendous waste to use Bitcoin for everyday expenses.
My friend, dont you see how your way of thinking is completely incorrect? The more mainstream BTC becomes, the more its value will increase. What do you think would happen to the value of the US dollar tomorrow if it was not the world currency to trade crude oil globally? The Value of anything is directly tied to its usefulness and desirability. The day that BTC is used as a common form of payment for daily consumables, i assure you a single coin will be worth much much more than $220 (price of this post) I think many people have a long term goal to make fiat by hording BTC, but this approach is fundamentally flawed. Yes, I agree with this. But, it seems that is very difficult to make such ''breakthrough'' with bitcoin right now. Most average users selling bitcoin in panic, and price of BTC falling every day. It's very difficult for people to see ''long term vision'' behind bitcoin and believe that one day bitcoin will be strong as any other main currency in the world. We urgently need ''big'' merchants to start accepting bitcoin right now, so that people start spending bitcoin instead of selling it. |
|
|
|
|
Yes, bitcoin really need Google .)
Right now, when price of bitcoin falling every day, and no so many ''big'' merchants accepted bitcoin, we really need to advertise bitcoin as much as we can.
We still didn't make breakthrough with bitcoin and people still see bitcoin as investment, not as new, revolutionary, decentralized and bank free currency, ideal for online payments.
We have to change this wrong concept of BTC and Google can help in this process.
|
|
|
|
No bull, my mother went to her local Wells Fargo branch and spoke with a 28 year old teller and he was informing her about Fargo's advancing technology when my mother blurts out, "have you ever heard of Bitcoin?"...he looked back at her in astonishment and said "yes, why yes I have". She goes on to inform him that her son owns some to which he admittedly owned some as well and agreed that it is the future.
Obviously, there will be disbelief here but that doesn't change the fact that the discussion happened at a local Wells Fargo branch in NJ on Saturday afternoon.
Very interesting story, thank you for sharing If such well known bank as Wells Fargo accept bitcoin, this will be really great thing! Can you push this forward, maybe write the letter to your bank suggesting that they consider accepting bitcoin? You can give it to this teller and ask him to send to the right department. If they receive more such letters from their clients they may start thinking more seriously about bitcoin. |
|
|
|
Bitcoin is so disruptive technology that it can't be stopped. Its just too good simple as that. Yes, and that actually confirms that government cannot bebehind this, unless they have a way to stop it. Again wrong. TOR was disruptive and was made by the goverment and they cannot stop it. Not saying its the gov, but could be. In fact, we don't know anything about bitcoin creator- Satoshi. It can be whole organization, not just some average Japanese guy But, if us or any other government is behind this, I can't understand what is their motivation and reasons for starting bitcoin. Any idea? |
|
|
|
What is bitcoin gonna do in the next 2 (or 5) years that it hasn't been able to do in the last six? Happy to hear the reasons justifying predictions.
Do you know how few people still know about it? Here in europe for instance it's not that known. I think that success or failure of bitcoin depends not on average, small users but on ''big'' merchants. If big online companies accept bitcoin as payment tool, and through this process bitcoin become mainstream, many other people will naturally follow and start using it. Why not? But, right now, average user don't have many opportunities to spend bitcoin and its value is very unstable. |
|
|
|
Priliku ste imali, ali odredeni ljudi nisu htjeli - sto nasi, sto vasi...
ziva istina . Jedna bi polovica htjela ovo a druga ono Tipična hrvatska priča: 2 hrvata 3 stranke a važi i za susjedstvo Ljudi ni sami ne znaju što hoće i u ovakvim situacijama netko jednostavno treba presjeći i odlučiti. Na žalost, čini se da nas je admin zaboravio  |
|
|
|
Greedy is being considered a bad attitude and the sole aim of getting rich is a pretty basic desire. While other people work pretty hard for their money, they don't want to see other people become rich by doing nothing, they feel this is unfair - which it is. When it comes to investments, people who don't dare to put money into an investment (Bitcoin) don't want it to succeed so they can rejoice not having lost an opportunity while staying safe.
well said! they dont want to take risk and speak of those who dare take risk to succeed in life I can agree with this thinking. It seems sometimes that most people only know how to complain because of their miserable lives, low paying jobs, family and social issues etc. Complains will not bring you anywhere. Instead of being negative take action, do something positive and you will see positive changes in your life. For the most people is more easy (and more comfortable) to speak of those who dare take risk to succeed in life. I feel sorry for them but choose not to feel any pressure because of this negativity. I believe in the vision behind bitcoin and I'm ready to take action needed to succeed (and can wait how long is necessary). |
|
|
|
|
Show Posts
