if i build a bank of bitcoin that operating like a traditional fiat money bank when people can save the money and get interest for their saving and also people can get a loan from my bank but the fiat money is change for bitcoin, the question is would you guys trust me to save your bitcoin on my bitcoin bank that i want to build ?
It seems that I am very difficult to believe. If you want to build a bitcoin bank, I need to know in advance about the system that you built and know the bank's office. If not transparently no one would believe it and people thought this was a scam. |
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Until now fiat has not been replaced by crypto, and charity can still be done using bitcoin and cryptocurrency. A few months ago my country experienced a major natural disaster. The earthquake and tsunami that claimed many lives. Charitable activities are carried out and even accept bitcoin as payment for charity.
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Being a bounty hunter is not my main job. I have a small business that accepts bitcoin as a payment. When I read in a local forum about bitcoin, someone suggested that I enter the bitcointalk forum. every night I read and continued to participate in forum discussions here until I found a post about a bounty. I learned it and tried to join in the bounty campaign. I was very surprised to be able to get crypto here so I continued to pursue bounty activities by not leaving my small business.
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Making other people believe in bitcoin is not easy. The state and government always said to the media that bitcoin should not be used by their society. but I just keep on sharing negative news about bitcoin through social media
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China will be the winner. in the past year, China was the adopter and had the largest bitcoin mining in the world. In today's world of technology, China is superior to America. So it's possible China will defeat America.
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I advise you to buy bitcoin at localbitcoins.com. This is an escrow service that also helps match bitcoin buyers and sellers. Buying bitcoin through direct meetings, guaranteed and facilitated by LocalBitcoins, might be one of the fastest and most private ways to buy bitcoin in any country.
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That's really cool if the blockchain is used for elections. with the nature of the blockchain being transparent, there will be no fraud in the election.
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fiat money cannot be replaced by cryptocurrency, we also need fiat money in offline payments. Buying a cup of coffee at a coffee shop is not effective if you pay with crypto. more efficiently pay with fiat. But if for online payments such as purchasing goods outside the city or abroad it is highly recommended to pay using crypto. So, crypto and fiat are still needed and nothing will be replaced
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I haven't found a store or merchant that accepts crypto as a payment. The problem facing crypto holders in my country is the government that prohibits crypto as payment. They have established a crypto law that crypto is only a commodity asset. Buying an item using crypto is illegal in my country.
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I still survive and hold all the coins I have. Because I believe in the potential of Bitcoin and some future altcoins.
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In crypto investments, especially Bitcoin, it definitely has risks, and investing in bitcoin is a big risk that must be faced. If you don't want to break deeper, keep the bitcoin that you have and wait until the market is fully recovered. After all, it's not just you who suffer losses, but I and other friends here also experience it. But we all persevered and believed that the market would return quickly.
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With the existence of the blockchain technology system, this makes it easier for the government to see crypto holder funds or wealth, so the government requires taxes on crypto holders. It's very easy to do because it's transparent.
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From what I have read, BCHSBC and BCHSV to get power hashes.
Let's wait, until when BCHABC and BCHSV stop fighting. At that time, BTC prices will return to stable and reap investor confidence. Or is this just a drama planned by 'Whales' to buy crypto at a low price. Who knows, scenarios and big players are waiting behind.
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Many Airdrop programs often appear to distribute their free tokens, but the project asks airdrop participants to verify their data. Recently, Stellar also made the Airdrop program by providing USD 125 million in XLM form. The total tokens shared are approximately 1.5 billion tokens. The token is indeed distributed free, but the user must verify his identity to be able to get the token. These free tokens are pretty much hunted. Unfortunately, there are still many who do not understand that privacy is quite important and must be maintained.
Airdrop is a free token given by a company just to make them popular or just to introduce the project and the team were really need a KYC as proof that the token or coins was given to a particular person and I think there's no problem if it is a legitimate company , but if you don't want to share your private data ,then it is better not to join . This generally sounds like something stupid if we say that KYC verification is necessary in order to provide evidence that tokens are distributed to a specific person. Who and why should the ICO team provide such data? This is complete nonsense. Tokens are not much different from any other product, and stating that merchants need to know who they are selling is stupid. You welcome the situation when we go into the store and in order to purchase any small change and we will be offered to first fill out a special noob form with your data? Do you think that this is different from the situation with cryptocurrency? In my opinion, if the ICO team or the developer are afraid to give their tokens to the wrong people (Maybe terrorists), then KYC is not effective. Criminals can buy tokens when tokens are on the exchange list, and they do not need to fill out KYC forms to buy tokens on the coin exchange. |
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Does the news have the truth? If that is true, then China is the biggest bitcoin adopter country like last year. That way, the bitcoin market will rise again.
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Many Airdrop programs often appear to distribute their free tokens, but the project asks airdrop participants to verify their data. Recently, Stellar also made the Airdrop program by providing USD 125 million in XLM form. The total tokens shared are approximately 1.5 billion tokens. The token is indeed distributed free, but the user must verify his identity to be able to get the token. These free tokens are pretty much hunted. Unfortunately, there are still many who do not understand that privacy is quite important and must be maintained.
I think it is not necessary at all, if we try keep our privacy from other people. Here in crypto industry, we can't avoid to keep it secret because most ICO's, bounties, airdrops requires KYC verification to be eligible for the tokens. There are also times, that we need to pass verification in the exchange platforms and we can't fake it because it requires valid IDs. Yes, you're right. But, what if a company at the ICO will abuse your privacy for their benefit? I am sure you will not agree if your privacy is used by them for their personal interests |
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Usually, they are new investors who are lulled by wealth for the increase in the price of bitcoin. Supposedly, when the price of Bitcoin had reached 13K USD last year, it was a warning and must be vigilant to buy. Because at that time it was the biggest bubble that could erupt at any time. If those who still save until now, there is no other choice but to wait for the next increase
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Yes, I believe that gold and silver are also alternative commodities that can also be traded. Their prices are also more stable than crypto currencies. I think gold and crypto have the same properties but have differences that are not too far away
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I think because they are a scam project. They only take advantage in the short term and that often happens in some projects. When their coins are worth zero, they will make new coins with different projects.
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Many Airdrop programs often appear to distribute their free tokens, but the project asks airdrop participants to verify their data.
Recently, Stellar also made the Airdrop program by providing USD 125 million in XLM form, the total tokens shared are approximately 1.5 billion tokens. The token is indeed distributed free, but the user must verify his identity to be able to get the token.
These free tokens are pretty much hunted. Unfortunately, there are still many who do not understand that privacy is quite important and must be maintained.
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