It's just that people think that it's alright with the lender for them not to pay their debt especially if the lender is their friend or a relative. They are thinking "It's probably okay if I just pay next month. At least I paid, right?" until that next month becomes next next month and so on.. Until he forgets that he has debt from his friend. Of course the friend will still have the debt on his mind because he is low-key waiting for him to pay.

You don't need to build such reputation after you got the loan. In real life, even if you don't pay your debt from 2 or 3 people, it's alright. Your reputation is still good unless they spread rumors to your other friends. While here in bitcointalk, one unpaid debt destroys your whole reputation. It's kind of a good thing for the lenders since they know that the guy will pay them eventually since it's important here to maintain good reputation.

I think it will not take long for a killer coin to replace bitcoins. The dump will be much faster than expected. When we finally got the coin that we all want, everyone will be dumping their coin and the dump will make others panic sell even when they didn't even fully understand the new coin yet. Everyone wants a lightning network, so I guess that will be enough to surpass bitcoins.

The better coin will not compete with bitcoins at all because it doesn't have to. People will migrate by their own. It's unlikely that it will beat bitcoins because of some advertisement or some marketing strategy. It will beat bitcoin because of the new features that it has and it will probably have no major disadvantages or drawbacks for those new feature.

Lol, using what? All the spammy/scummy websites that you have on your signature? You're basically proposing to us to do ponzi with you but we are going to be the "leaders". And of course you will be the leader of the leaders since you're the one that started it. This is no different with any other ponzi scam. You're just doing a different approach in making people join you. You're talking to us personally to persuade us to join "your journey" aka your ponzi scheme.

Altcoins will always have a part of the market simply because they will always attract investors. Even if an altcoin doesn't get that much from the crowdsale, just from the altcoin traders alone gives them a good share of the market.

I think bitcoin wouldn't lose dominance because there are many coins that are able to perform better in certain aspects. It will only take one coin for bitcoin to die. One coin that has all the necessary features that we both need and want like lightning transactions. Many coins with a slight improvement wouldn't do that much damage to bitcoins. In simpler words, quality over quantity.

If a gambling site is already running for years, then they already have the funds. There's no reason for them to need more unless they got raped by a hustler and their bankroll is currently running low on funds which I really doubt.

Again, it will not have a good review until the casino has been running for a long time. How can you review something that's just starting out? A gambling casino cannot be a reputable/trusted one unless they have been running for months/years already. Then again, that means they are already funded.

Most gambling sites that's looking for investors are the new ones. Which means, it's not yet reputable and it doesn't have any reviews yet.

It has value because of the things that you can do with your bitcoins. You're using it simply because you need it to have better transaction with other people. Bitcoin is utilitarian (definition: designed to be useful or practical rather than attractive). Without its uses, bitcoin will simply be a combination of 1s and 0s.

Personally, I wouldn't be surprised if something that lives off the internet has so much value. Just look at the CS:Go items (See: article). The items that exists on the CS:Go have a higher price than when you are going to buy the real item (for example, a knife with some engraved stuffs on it). You can also trade CS:Go items just like in bitcoins especially the ones that are seasonal/limited.

Even if there is no bitcoin, at some point someone will think about the very same idea. If Satoshi was able to think about it, so can the other people that share the same field of interest with Satoshi. There's newer and newer concepts popping up and someone that has knowledge in both the economy and cryptography will eventually think about starting a revolution. Although possibly it will be decades from now before someone ever thinks about this very same idea. That's why you'll someday stumble upon an article that's has a theory that Satoshi came from the future, and left us behind with the bitcoin idea (to save from what the future monetary system holds).

That doesn't reduce risk at all but rather you're just acknowledging the risk you're taking whenever you trade and when you do that, it goes without saying that you're going to trade only what you can afford to lose. But some prefer doing big trades and they keep looking for that one coin that they can buy early on and then trade for a much higher price.

Reducing the trade amount doesn't necessarily reduce risk. You're just reducing the "risked amount" of money. Some people reduce risk by buying only the coins that just got dumped by the bounty participants. That means you are going to buy at a price lower than the ICO price and then later on sell it for the ICO price (or even higher) once the dump is over. In simpler words, you're going to buy at the dip caused by the crowdsale bounty participants.

Or unless you have the knowledge that's required for a high paying job. 1000BTC is not that large if you look at the top of the chain. Of course not all of us are a candidate to such job but you get my point. It doesn't require to be illegal or some shady business, you just have to know something that others don't or have a skill that others can't do. Actually, even committing crime to get this amount of money will require a good amount of skill and knowledge.

For example, the famous ICO scam. They can't do it without knowing how to make a coin, start a team, and how to exit the scene without leaving a trail. 1000BTC is far from the amount of money that you can get from mediocre crime. You have to do something big to earn this much from a shady business.

I think it's just as risky with the long term holders. Short term holders and long term holders share the same market. The long term holder guy still have to wait for a good price to sell his coins and not just sell whenever he wanted to. I'd say that it's just as risky because the long-term holder might need money urgently and end up selling at the dip. If the short term holder guy is unsure of his decision, he can simply hold his coins a little longer and do nothing at all.

Bitcoin is highly fluctuating but altcoins are even more risky. The volume of altcoins is much lower compared to bitcoins. Therefore, anyone that has a decent amount of bitcoin can be a whale in the altcoin market. The market manipulation and pump-and-dump scheme can be done much easier there and more people can do it.

Only invest what you can afford to lose. Bitcoin can be a large pyramid scheme but who knows? All zero-sum market can be looked as a pyramid scam but we can't disprove it and at the same time, we cannot prove that bitcoin isn't a pyramid scam. The only good thing about bitcoins is that you can exit anytime you want. If you're thinking that this is a pyramid scam and it's bothering you, you can save yourself by disposing all of your coins. You can't do this in a usual MLM. Once you joined, your money belongs to the pyramid and the only way for you to get out without loss it to refer someone and earn from the affiliate program.

People always ask questions that have can't be answered at all so it's no wonder why most of us are asking is "Bitcoin just a huge pyramid scam?"

I think at the time when paper money is already gone, people actually chose to convert all of their paper money to bitcoin and not that the government banned paper money. They are not going to ban it because it belongs to them. It's their primary way to control their people. It will be more of a revolution. People has chosen to use an unregulated currency rather than staying as a slave to their government.

In a situation like that, whether they agree or not, whether they're going to lose or not, they don't really have the choice since people have already made their decision. Although of course the government will do action to fight it, if we really are in a democratic country and the power really belongs to the people like they say, we should win.

All I can say is you don't have to be as successful as the person you are using as an example to prove that you're right. People use Bill Gates as an example for success all the time most especially if the topic is about journey to success of a business even when the person didn't have college education.

I'm not really sure why do you ask me who's going to read the blog. Of course the people that are interested in that topic. If you have a blog and you don't have an audience, that's not on me. It's on you how are you going to persuade people to read your blog as well as sign up your referral link.

Your reply is just the typical "If I can't give out a valid argument, I'm going to attack the guy personally and do a background check." The typical "But can you do it, though?" is not really the best way to have a conversation with someone since you're not focusing on discussing the idea. You're focusing instead on proving that the other guy "Can't do it." so he doesn't have to rights bring up that argument. Which not only leads to fights and flaming but also makes the whole thing eventually go either off-topic, personal, or nonsense.

It might. In a way, bitcoin getting accepted by the regular banks will have quite the same effect as bitcoin ETF. Bitcoin ETF is there for those people that want to invest in bitcoin but don't know have the knowledge to do so. With bitcoin banks, one can simply buy bitcoins and he'll know that the bank is protecting his coins. Although of course the safety is not guaranteed, people will use the bitcoin bank just because they don't know how to setup their own wallet.

That means that non-bitcoin users and non-tech savvy people will be encouraged to use bitcoins for the sake of having profits later on when the price increase.

I think the way they are going to track the bitcoin users is they are going to investigate if someone is selling/buying bitcoins. And then do a sting operation to confirm that the business is actually going on. Of course there wouldn't be exchanges in a country where bitcoin is banned so they would have to meet up. It will be just like how you bust a drug dealer.

But I don't really see the point of doing this when bitcoin don't do anything at all in the economy as of today. In fact, it's making the economy of a country grow. We are not at the point where bitcoin becomes a threat to the government's currency for a government to ban it.

Not that people are going to stop using bitcoins, but they will just be more discreet about it. It will be just like online gambling that's banned in a lot of countries but people are still doing it. Even when a normal individual sees another guy gambling online, he doesn't care. It's not as if they are hurting somebody or harming themselves.

New cryptocurrencies are always more profitable, more advanced, and can fix the bugs of bitcoin. But none of them has replaced bitcoin. All these improvements wouldn't make people leave bitcoin and then migrate to the new coin. Although of course a lightning network with ping-time transactions will surely make people migrate. Other coins are just "slightly" better than bitcoins when it comes to transaction time and that's the issue most bitcoin users are having.

Litecoin should have replaced bitcoins a long time ago if so. Almost every altcoin out there are better than bitcoins in terms of features. The only thing that let bitcoin stay at the top is the fact that it's much more popular than most coins and it's the base line of everything. We are all here because of bitcoins. All altcoin's concept is based from bitcoin's concept. Decentralized, anonymous, fast and cheap transactions, etc. At some aspects, altcoins are better than bitcoins.

Popularity is the number one thing that makes people buy something. Like, if Starbucks' coffee or In and Out's burger or Chipotle's burrito wasn't all hyped up on the Internet, people will not be buying those stuffs. We all know that it's unhealthy and there exists much better food than those, but we keep on buying them just because it's popular. It's so popular that we start liking it even when we initially don't.

Actually, that's kind of the problem. If there exists such team, they are already funded by someone privately. It is hard to find one so you have to create one yourself which is extremely difficult imo. You have to give salary to the support team, which is obviously you cannot generate in the start because the gambling business is just starting out. There are gambling sites that looked "okay" but shut down after a couple of weeks when they got low on funds due to the expense of advertising and payment for the staffs.

Ultimately, what makes a gambling business grow is the number of players. Now, if you don't have enough money to let your casino run for a couple of months without ever generating profit, then you can possibly earn from that

Investing in gambling business is not as easy as it looks. Others picture it as if there's a certain amount of money needed for the business to start working and you can invest right away even when you just have a small amount. Then you'll get a share which size is depending on how many funds was collected. That is how it is to most business especially the large ones but most of the time, gambling business has private funding.

"I did not kill my ancestors, therefore, other new innovations wouldn't either."

It doesn't matter if that's the case for the Internet. Bitcoin is different. You can't just look at other things and be "Ohh, Bitcoin will do that as well. They will have the same logic." I'm not dismissing the possibility of that happening, but I'm saying is that you're basing what will happen to X stuff from what has happened to Y stuff.

The internet did not kill radio, tv, and the newspaper. Yet, all of that is just a small part of the Internet. Today, you can do that using the internet. Radios are aired online as well. For tv, we have netflix. And for newspaper, we have Google, Yahoo, and almost all news articles are already posted on the Internet.

Since you like applying the same logic of Y to X. How about this? It will be the same. Fiat will just be a small part of bitcoin as well. And all of the things that you can do with fiat, is just a small part of bitcoin. Actually that's the case already. But bitcoin user base is still nothing compared to fiat's user base.

Gold is precious because of its physical appearance. Unless you're talking about digital gold, I don't see any reason as to why it will be replaced by bitcoin. Gold is used in the technology world. Gold is used as well for luxuries. Bitcoin cannot do those things.

I wonder why Litecoin (or any coin for that matter) hasn't replace bitcoin yet. Even Eth hasn't replaced bitcoin yet. Bitcoin is just too strong right now to get replaced by another coin. BCU didn't even do enough damage to bitcoin. It did a good intro though. But now the coin as well as the Hard fork drama is gone.

Lightning transaction really is a necessity for bitcoin to take over. But we are not at the point yet whereas we need it a lot. Today, the transactions are still almost an instant.

(Plz don't give me the "bitcoin transactions takes too much time to get confirmed" comment because the answer will be "put some transaction fee")