Apparently Putin jut announced plans to release their own cryptocurrency called CryptoRuble. It'd be interesting to see the functionality and purpose of this coin seeing as it will be mined and controlled by central authorities alone so clearly there'd be no decentralisation so I'm not clear on what the benefit will be.
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in my country not using bitcoin.. but using PUNDI X platfrom (PXS token). so easy to use
Do you mean in supermarkets or in general? I haven't heard of 'PXS' but a quick google search informed me that it's something active in Indonesia. If that's the case then I'm not sure what you mean. Indonesia is one of the fastest growing adopters of BTC. It has been for some time and is continuing to do so given the fact that majority of the country is unbanked. Edit: apparently the Rupiah is one the most traded currencies for BTC..
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Sweden is one of the richest countries in the world and their citizens are already using mostly electronic transactions, this is in contrast to Japan that despite being one of the most advanced countries of the world most of its transactions are still on cash, so it is a matter not only of wealth but of culture, to be honest I think it is a terrible idea to eliminate cash, if electricity goes off in a significant part of the country for some days their citizens are going to go hungry without cash. Sweden is not one of the world's richest countries. However it does have one of the highest standards of living. Comparing it to Japan is difficult since we're talking about different demographics. Japan is one of the most developed countries in the world but suffers from a top heavy population where the majority are waging. Consequently, going cashless may not be the smartest of things for them to do regardless of how advanced they are from a technological perspective.
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I'll be watching this closely. Definitely good to see something fill BitPremier's void so quickly. Good luck! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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As far as I can recall, I am unaware of any supermarket chains that accept BTC as a payment method. Having been said, there are ways in which you could still use your BTC to pay in said stores. There are numerous debit cards around that are either linked to Bitcoin wallets or that are able to be loaded using your BTC balance. The balance is then converted at the current exchange rate to a total in FIAT which is then spendable in store. Its not ideal but still better than nothing.
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Bitcoin and other cryptocurrencies are already legal in a lot of countries. The fact that businesses can accept them as a form of payment and that any gains have to be reported and then paid tax on (at least in the UK) shows that countries have legalised it. Other than that and the existing forms of regulation, I'd think it has already been pretty much legalised.
In Europe everywhere is the partial legalization. In Austria there is even a Bank which opens an account in bitcoins. In Switzerland you can pay utility bills using bitcoin. There are bitcoin ATMs. Officially, bitcoin is not recognized currency anywhere. I have not heard that any company officially paid wages in bitcoins. I don't know of any companies (by company I mean MNC) that does but I've read on this forum and elsewhere that some employees have asked to be paid in BTC. What I meant was that businesses (including large companies) have started accepting BTC as payment for their goods or services. I don't know what they do with that BTC (if they keep it or convert it) but they accept it as a payment method nonetheless.
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Will the bitcoin replace the Gold? If there is A war coming everyone will run to the Bitcoin instead of the gold?
Cheers
I don't know where these questions keep coming from ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Bitcoin has already surpassed Gold in terms of value. however, just like Gold, Bitcoin's value is subject to demand. If people decide to move away from BTC then the price of it will fall. In terms of war, both have their advantages. At the end of the day Gold has been around for almost eternity whereas BTC is still in its infancy. Having been said, BTC is more transferable and there's no limit to how much of it you can store (physically) whilst the same cannot be said for gold.
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I read your article on steemit but still have the following queries. The point of an ICO is usually to raise funds to held with development and to keep progress on track. If the cost of development is fixed at price X, then surely the ICO would want to raise price X and not something else. As much as I dislike capped ICOs, I can understand why some exist. Where would the debs get the rest of the funds if their goal isn't reached? Secondly, you mention that everyone would be able to participate by removing the whitelisted spots. I assume there would still be no way for US residents to participate despite this due to regulation?
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Bitcoin and other cryptocurrencies are already legal in a lot of countries. The fact that businesses can accept them as a form of payment and that any gains have to be reported and then paid tax on (at least in the UK) shows that countries have legalised it. Other than that and the existing forms of regulation, I'd think it has already been pretty much legalised.
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It would take the world quite a long time to follow suite, not to mention the developing countries who don't have the technology or infrastructure to install digital/electronic payment terminals across the country. So, as good as going paperless sounds, I don't think we'll be seeing this go global. It'd definitely be interesting to see how Sweden's stance on BTC would be influenced though as a result of this.
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There are numerous sites that offer copy trades to its members. I know eToro have had this function for a while and now also have a specific Cryptocurrency Copy Fund. I'm not sure about the ICO site you're referring to, but there's a site called Coindash that also offer something similar. I personally have never used them so can't vouch or comment on their site. Best to do your own research on them before opening an account.
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What would the point in that be? There already are debit cards that you can use that can be loaded with BTC. Having a standalone hardware device just for BTC (and not for storage) would be impractical and expensive. If the device would break then you'd be out of pocket. Better to have various forms of offline storage and an online wallet/app that you load with spendable BTC in my opinion.
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I actually had this discussion today with a trader. He said that one of the most common things with trading tips is that they always tell you to when to buy but never when to sell. Having preset exit points is good but keeping to them is something else. Newbie traders often don't make it because of greed. If your existing trade goes green it's always tempting to keep it open for 'just' one more day. I think that that's something that isn't covered enough.
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Look at BTC as the founding father. The others are chains that claim to better the system by increasing the transaction speed by increasing the number of transactions per block and then by increasing block size (1MB-2MB) to double the block 'carrying capacity' of transactions. There's a lot of debate about the practicality but at the end of the day BTC will always be BTC. Read some web posts about the split. There's a lot of interesting material out there.
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If you don't manage to source a 3 coin set then I could potentially help you with a few other of Smoothie's coins. I had a bunch but recently sold a few so not sure what I have left but I'm pretty sure I have a few 1 LTC, 5 LTC and maybe a 10 LTC (or two) lying around. Send me a PM if you're interested.
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Lots of countries in the developing world suffer from corruption, low wages, lack of infrastructure and so on. BTC could help drastically when it comes to buying and selling goods. Merchants can be guaranteed set prices (no exploitation) since the transactions are publicly recorded on the Blockchain. Those living in rural areas don't need to travel to the city to deposit/withdraw from banks but rather they could access their funds from their mobiles. The Blockchain could vastly improve the economic situation there and allow real fast paced development.
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Nice idea. I think that this is definitely a niche market and has a lot of potential if done correctly. My personal advice would be to not only talk to the camera (interview style) but to also have slides/animations to illustrate your points etc. Nice graphics can go a long way and make otherwise long talks much more interesting.
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If SegWit2x gets activated then your benefit would be lower transaction fees and faster transaction confirmations. SegWit2x aims to up the amount of data carried per block (up from 1mB to 2mB) to allow more transactions to be carried by each block. Whether or not it gets implemented is a different story and its effect on the BTC price is yet to be seen. Just make sure that your coins are held in a wallet that you have full access to the private keys and you'll be fine.
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Good luck ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I did have one piece of advise tough: bring your asking price in BTC down towards the asking price in FIAT. On that website you posted, you're asking 250.000€, while on this forum you ask 75 BTC (~= 303.500€). Basically, you're asking a 53.500 euro premium for paying in bitcoin... It would make a lot more sense for an interested buyer to exchange their BTC to FIAT and then make you an offer using this FIAT. Or am i missing something here. Based on my little understanding of Italian I think the listing also mentions that if the buyer wants to pay in BTC the seller would accept €300,000 worth. I agree with you. The price in BTC should be equal to if not lower than the asking price in FIAT. Charging a higher price if being paid with BTC suggests that the seller would convert the coins to FIAT upon sale.
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It'd be interesting to hear your analysis on what makes you think that $4600 will be the baseline price. Don't get me wrong, I think we'll be seeing a new ATH very soon but that's not to say that it won't have its hits too. Sub $4000 is still very possible. Either way, buying at around the $4000 or $5000 won't make much of a difference come 2 years time. Both would be considered bargains ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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