Why is the topic named "Satoshi sold his BTC." rather than "Did Satoshi sell his bitcoins?"
|
|
|
Am I the only one who does not follow that cycle? I really don't get anxious or depressed depending on the price of bitcoin. Why would that matter to me? I think in terms of decades not daily valuation.
|
|
|
You and the party you are trading with do not need anyone else, and can work via Telegram or whatever. However you are taking on risks that could be avoided using a licensed exchange. If you do it yourself and someone rips you off... Well, you have no recourse to get your money back. So if trust is an issue, use an exchange.
|
|
|
In the past it would have been bat-shit crazy to ever believe bitcoin would reach $100. So...
|
|
|
This is the problem on how to use bitcoin when it is not even establish as a means of payment that could somehow increase its demand if it will be included by the companies and establishment as an option for payment. ...
That would be great. A few years ago there was much interest from retailers about accepting bitcoin. It was because they were hearing requests from users. As more people began just hoarding then selling it for fiat, it became attractive to banking services not retailers. There is only one way to get a business to accept bitcoin. You have to ask them and be prepared to go somewhere else if they say no.
|
|
|
This is not how taxes work in America. You owe capitol gains. It is not a question, it is a fact.
|
|
|
Gold does traditionally run counter-market. It goes up when the other markets are in turmoil. However it has no gone up as much as I would have expected recently. I have no idea why.
|
|
|
...So the value of bitcoin and its purchasing power lies only in the public's trust in it.
I agree. Early on I learned a lot about how little I knew about money. Money really only needs two things. It must be hard or impossible to counterfeit, and it must be seen as valuable. Gold is just a shinny rock and dollars are just fancy paper. It is our common belief that allows us to trade these valueless things for items of real value.
|
|
|
If Sato ever wanted to prove his identity there is only one way to do it. Anything less than a signed transaction from a known Satoshi address is BS.
|
|
|
In the foreseeable future, each developed country will create its own crypto currency, provided by the national currency.
How much can this contradict the very idea of Bitcoin as a free, decentralized system?
Need cryptocurrency state control?
How? Who has a million computers to run this network? Are miners going to get the money, if not why would I run a mine? Are governments and central banks going to give up control of supply, distribution, and valuation? If they are not going to then why would I use their money instead of bitcoin? The best a nation could do is to make a bitcoin-like alt-coin that only works in one country. Who want's that?
|
|
|
Where is their business license? If they have no license then they are not a business at all and should not be trusted with your money.
|
|
|
Really? Because I find more people here are led into temptation than delivered from evil.
|
|
|
1, Nobody knows the future. 2. You do not need anyone.
Having said that, my advice is to trade those alt-coins for bitcoin. not satoshi vision(BCHSV), not bitcoin cash(BCH), just bitcoin(BTC).
|
|
|
The most frighting idea I have seen since the rise of bitcoin is that of combining it with the power of artificial intelligence. I will link the tread if I can find it later, but in maybe 2010-11, some one posited the idea of SKYNET. Taken form the movie the terminator "she" was an AI that had gone rouge. It's sci-fi, but what are the real risks of allowing AI the authority to spend money?
On the one hand it would be a boon in ease of commerce. Your fridge could buy milk when you need it, your car could drive itself to the mechanic and pay without your involvement. You could just load it's wallet and give the AI authority. The machine internet, or IOT, could be buzzing with money just like the our internet. Machines buying, selling and managing their wallets while we stroll around in togas, free of time consuming tasks involving money. But what if a consciousness emerges? I don't know how likely it is, but there are a lot of scientists who study AI and consider it an actual risk at some point. Or what if someone created malicious code that sought only to survive? To use her money to make money mining and through automated services. Then spending the profits to grow. To buy server space, pay for code that provides additional functionality and perhaps gain computational dominance. One can even envision a near future where on-demand 3D printing and assembly could see the network build herself into the real world. It may not take much "consciousness" to get the ball rolling.
So what do you think? How much, if any, risk should be assigned to trusting artificial intelligence with money?
|
|
|
So here are the ID's of all the folks who who chose alt coins over bitcoin. I hope some new users are viewing this before "investing" in crypto.
|
|
|
Maybe if I had a more offensive avatar photo I would be more recognized? And if it was on a hat!
|
|
|
You need to stop the dump NOW!!!! Just kidding. There is nothing to be done.
|
|
|
Bitcoin is competing with a system that is less secure, more expensive, and slower. Bitcoin puts the power of value into the owners without tying their money to their identity. Owners alone can use their money how and where they want, without the need of any bank or government. In a world of financial corruption and identity theft only math can be trusted. Baring something unforeseen, bitcoin will out-compete fiat systems. It's evolution.
|
|
|
You can do this right now. It will take a bit of time however because fiat is inherently slow. A bitcoin transaction is normally settled in an hour, but fiat takes days to settle. So any system that allows immediate switching between fiat and BTC will have to incur volatility risk. That is a non-starter. A business can not cover a 30% loss in btc value while they fumble around settling paper money. So the shortest insurable transfer has to take days.
|
|
|
|