We will start using Satoshi more for units when the price of bitcoin sky rockets. But right now, we're far from that. We're still using the usual 0.00x BTC. There are some that use x mBTC but most of the time it just creates confusion because not everyone knows that m stand for micro which means x 10^-3.

Today, we use the unit satoshi for dump coins. For example, 1 satoshi each. We also use the satoshi units to refer to the price of other altcoins. For example, ICONOMI has the price 40k sats. Simply because it's much easier that way.

Financial freedom means being rich, right? The only ones that actually make it to financial freedom here in the bitcoin world are those that have a lot of bitcoins. You either have them by earning by your own (trading or by having a well paying job that pays in bitcoin or whatever) or you bought bitcoins early enough for you to harvest all that profit today.

I will not say bitcoin can give financial freedom to just "anyone" because I don't want other people to get their hopes up. Let's be realistic. It's the same thing in real life. People get paid, people invest, people trade, and that's how they get rich. Only lucky people gets rich without doing much (like when you bought bitcoins when it was just newly released). Obviously most of us are not like that so you have to work for it. Nothing special about bitcoins, it's the same way fiat works when it comes to accumulating them.

1. I actually look more about the new altcoins because the old ones are probably already dead except for the major coins. It is true that some coins are being raped by pump-and-dumpers but you can sometimes take advantage of this. With a sudden price increase, it's probably caused by someone about to do a huge dump. So sell at that moment and then re-buy (if you want to) when the dump is over.

2. It's unlikely that you'll find an alive coin that's 2 years old except for the major ones (duh!). Some coins don't go down to a price for people to call it a dead coin but sometimes these coins don't have any movement going on. So also check the chart about that coin's price.

3. Sky is actually the limit for profit. Any coin can be pumped to the sky but we should be more realistic. He's right. Setting a goal or an exit point in your altcoin investment will be the best. If you get used to this, you are not going to feel that bad in the future when the coin has increased much more than your exit point. You can tell yourself that you've made enough profits anyway.

All these blocks of text can be summarized by the "Streisand effect"
Source

Instead of removing the bitcoin from the scene by burying it by making it illegal and putting a huge punishment, it will just increase the popularity of bitcoins instead.

I actually doubt that they will put huge punishments on this because it will just be more "hot" in the media and everyone will be wondering why is using bitcoins have a really huge punishment. They will have much more chance of researching about it then instead when the use of bitcoin only has a light punishment at first attempt, then a little larger punishment on second, and so on..

Back to my usual example, the use of drugs also have a huge punishment (of course "huge" is subjective) but almost everyone has a stash of weed especially on large countries. Like they say, it's only illegal if you get caught.

First of all, I would like to mention that a CEO is different from someone that is at the top of an MLM pyramid. Those that are at the top of MLM pyramid are those that joined first and recruited enough people to have enough people working under them. In a way, both the CEO and the guy at the top of MLM pyramid worked hard. The main difference is that MLM's guy at the top is determined by seniority like what you said and a CEO is voted by the board and he can be just a new guy that have made a really large impact to the company.

You said that in your idea, people will earn the same thing regardless if they work hard or if they slack off. A company that's built like that will eventually fall off. People are going to depend on those people that works hard. Once those people that work hard gets over or gets done with those that just slack off and get paid the same amount, they will start slacking off as well. Because you know, why work hard when you can just slack off. It's the other way around of what you're saying. People will not work hard because what they earn is depending on them as a whole and not as individual. People are lazy and they will depend to the hard workers and nothing else.

But of course we can just stick with the usual, you get paid what you deserve.

[1] That's seems incorrect. Zimbabwean dollar is a currency but it seems to have no power at all. Even a huge amount of Zimbabwean dollar can't buy anything at all. Just because something is a currency, doesn't mean it has value. Another example? Look at the coins in YoBit. Tons of them have 1 satoshi price. Those coins don't have value at all. It will require a really huge amount of that coin to have even just a small value. Those coins don't even have any audience anymore.

[2] Try going outside this forum and you'll realize that signature campaign doesn't mean that much compared to the huge world bitcoin has given us.

There are some that believe those that support BTU are just there for profit. They have bought BTU at a low price and so they only have to "sell the news". Some even call them as FUD spreaders since bitcoin core has always been supported by all of us then all of a sudden, a new coin is much better? Once BTU gets tons of attention, they will sell all of their BTU in exchange to BTC. So, the end result will be them earning more BTC and the price of BTC will go back after the BTU drama.

Even BTU supporters think that the split of coin will just destroy bitcoins and people will just move on to using ETH since ETH is already past this.

But of course I don't know that for sure. I don't wanna be spreading news/rumours here. Just the things that I heard on different places.

[1] It's decentralized, it's not a stand alone technology. Miners have to stick around so the bitcoin network will be both secure and running. It is decentralized because all these miners are scattered around the world and there's no central entity or network that controls them. There's no weak spot since even if you successfully take down a couple of miners, eventually, there will be new miners coming.

[2] Most of the time, it's the users that gets controlled by other users. For example, someone who's considered a celebrity in the bitcoin world (e.g. Vinny Lingham, Roger Ver) will always be trusted so if they tweet that a coin is good and they are selling their bitcoins to start supporting that new coin, their followers will follow their move. Just like how a shepherd make a herd of sheep move.

Sometimes panic selling is even a good move. But not all of the time, obviously. Supposed that you were a really panicky type of person, when you saw the price of bitcoin went from $1200+ to $1000. You probably have sold your bitcoin already at that point unless you were offline for days. Today, the price almost touched $900 and if since your money is already in USD, buying back at that price will be a gain to you. A market that's going down will probably continue to go down instead of going to the opposite direction. Panic selling and panic buying can sometimes be useful.

There is none. It's blind faith and nothing else. You're trusting strangers on the Internet. If the developer runs away, all you can do is sigh. You can't chase him at all unless you're willing to hire someone to dox him and then you're willing to go to his country.

There are "personalities" online like Vinny Lingham and Roger Ver. People seem to trust their opinion but I really do think that they are just spreading FUD. What reason did those people have to trust those people? None at all. They just think that they are trust worthy. Those people didn't even do anything to them personally. If these personalities do something wrong or predicted wrong, people can't blame them or tell that they have been scammed.

Similar to those are these new coins. Only blind faith is there.

If the pyramid isn't fair, how else should it work? Those at the bottom (newcomers) will earn right away?

Looking past, those that are at the top used to be at the bottom of the pyramid. They also did hard work and then those that they've recruited have done a good job. So they end up getting more referral rewards without doing that much. This is something that you'll here from an MLM promoter. "Those that are at the top were once at the bottom. Start your own pyramid now and be the upline of the new ones." or something like "It's not too late to start your own pyramid."

There are even MLM promoters that say that you don't have to do anything at all. You can just sit down and then you'll earn money. That's pretty unrealistic unless you've established your network already. But you can't earn money by just sitting down if you just joined their network.

All these MLM crap are causing me head aches.

Let me rephrase that to "Earning from online is easy when you have a brain." Seriously, those people that are going to message you personally on Facebook just to ask something that they can find on Google either don't have a common sense or just want to bother you. I learned most things in life by myself (except of course the basics which were taught by my parents). It's the information age so take advantage of that fact. Type in any question in the search bar and in just a matter of seconds, you will get your answer.

Everybody that earns good amount of money started from the bottom. We used google thousands of times (not literally) and so we learned these things.

First step to earning money, either it's online or IRL, learn how to do it.

Small crimes aren't prioritized by the government. They just put the law there just in case something big happens and also to discourage scared people. For example, it's illegal to download music by using a third party application but literally every single one is doing it. Does anyone even actually buy songs from iTunes?

Another example is cyber bullying. Tons of trolls are found on the Internet. If you post an ugly picture of you on Facebook, people will tell things to you and call you names. You can either ignore them or you can report them to the police. But obviously, the police will just laugh at you. Tons of crimes are happening each day, do you really think the government or the police will pay attention to you if someone called you "fat" or "ugly" on the Internet?

Just like they said when cyber bullying was implemented in my country, if it's going to be "real" (really prosecute those that violate that law), we will all be in jail. Which is totally absurd to do.

Or maybe these "bitcoin banks" are just the same fiat banks that just adopted bitcoin. I can't picture out somebody spending that much money for establishments, ATMs, just to build bitcoin banks, not unless if bitcoin is already booming in business. If you create a bitcoin bank, it can't be just one bank. It has to be scattered around the country or even around the world. That's tons of money.

Even if the bank is registered and people know who owns it, if the bank gets robbed or something bad caused your bitcoins to disappear, then the bank can't actually do anything. They can't recover it anymore because hackers will surely distribute the bitcoins to different wallets and act as if a lot of people are transacting to each other just so they cannot be traced.

That's outside the topic of cryptocurrencies. I've never found someone who's been lurking around bitcointalk, reddit, or any other forum and then just end up being somewhere in the deep web. Since you have to install TOR browser first and all that, you can't simply end up going to the deep web and have access to illegal stuffs "accidentally". You had a choice as an individual. You can't blame that to bitcoins because it's simply a currency that was made for us to have transactions with other people around the world.

The government don't care about the 1 dollar, two dollar transaction of yours. They can't squeeze anything from that. But if it's something in millions or billions, even if you do it in a private transaction with the physical form of fiat, you might have a hard time. For example, if you deposit a million dollars into your bank account all of a sudden without you getting promoted or there's basically no change in your source of income, you'd see an agent knocking on your door the next morning.

If you choose to avoid that and you so you chose to just hide the money in your own vault at home, then you will be doing money laundering (if it was obtained illegally) or money hoarding (not sure if it's illegal in your place) which is, again, against the law.

You can own a hectare of land but you can't possibly physically hold them. Only a writing on a paper (Proof of ownership) decides that you really own that land. How about that?

Same as bitcoins. You can own a wallet, and own the coins inside it because you are the only one that has access to it. You are the only one that has the verification code, the password, and everything that's necessary to open it.

Physical property might be much safer than digital one when the physical form of something is too large for thieves to steal. Back to our example, a hectare of land can't possibly be physically stolen. But if it's something like a coin or a paper money, it's surely much easier to steal than your digital currency (bitcoins) although your bitcoins are just as safe as your efforts.

I really doubt that "every" country will decide to ban bitcoins permanently. There will always be a country that will choose to not follow the trend and decide by himself. Just think about it, if every single country has banned bitcoins except you, then all of the exchange sites will be based on your country. Thus, you will earn all of the tax that every country used to earn from exchange sites.

Let's say that hypothetically all countries decide to ban bitcoins. People will just do person-to-person trading and bitcoin will be seen as purely a black market. Seriously, tons of things are banned in this world but how come people are still doing it as if it's not against the law at all.

You don't have to collect bitcoin in order to "wait" for the price increase. If you're waiting for the price increase, you're doing nothing but checking if the price has already increased. You simply, "wait".

It's profitable to keep your bitcoin in the bank since if you put 1BTC in the bank, regardless of what price it is on in exchange with USD, you will still have 1BTC. Cashing out your bitcoins as fiat (if that's available in the bitcoin bank you're using) will give you profits since 1BTC used to cost less than that, assuming that the price has increased.

No one's saying that it's not profitable. It's about not having the government in the scene.

You can't build your own business if you just finished college. Unless you have a rich family that is willing to fund your business. Tons of people suffer from debt because of college loan, this is mostly the case to people that live in the US and other places that require really huge amount of money to get into college. There are some that are already working for years but still weren't able to fully pay their debt from college.

Let's say that that's not your case, you will still not be able to build business right after finishing college. You don't have any money just yet, and you don't have any experience. You also don't have any relationship or connection to other people that have the same field of business. You have to work first to get all these.