Is the OP ever going to enlighten us with his answer?
What OP is trying to say is that fiat basically revolves around debt. There will never be enough money to pay back the loan so goes on a cycle of money printing to ensure there is always enough supply.
|
|
|
I think the market has already priced in for a rate increase. It's just a matter of time that this happens.
|
|
|
Just because a CTO resigns and another exchanger got hacked it doesn't mean that the whole bitcoin community is going to be dead
|
|
|
If you notice a small box where there is a coin slot for to take your chance to control the claw machine to grab the plush toys, that's illegal too as the chance is practically 1 out if 10.
|
|
|
We need to launch marketing campaign to promote bitcoin to ladies using cool handsome guys.
|
|
|
Well i do leave some coins in a wallet installed on a computer which is not in any way connected to the net. And it doesn't have any program installed in it other than the wallet program. Of course hardware wallet is still the best option here but I'm still looking for the right one with the right price.
|
|
|
There are far better bitcoin earning opportunities rather than just faucets. Trading is a good example and you can certainly form teams to share ideas, trading strategies, news event and such.
|
|
|
If for any reason you will need to pay upfront in order to get paid, then just forget about about it.
|
|
|
I prefer decentralization based the basis that nobody can controls it or shut it down. Based on that reason alone any other justification may not be important. That's how I think...
|
|
|
It can fail if suddenly everybody thinks that it is not important anymore and decides to leave. Such as condition on emergence of new altcoin better in technology, collapse of the network due to attacks, anyway it is unlikely to happen. Or that is how I look at it as it is based on community support and acceptance
|
|
|
I would rather see all the coins get distributed to charitable organizations or business startup into bitcoin business. That would be more relevant.
|
|
|
Unless you are saying that all the coins will get returned to all the owners.
|
|
|
The country need to determine the right conversion amount to back the currency. If you can't afford to buy gold, similarly bitcoin isn't cheap either. You can't possibly set a million bitcoin which is probably too low an amount. So theoretically if you set that amount, the size of a whole nation economy is essentially can be bought by few early adopters?
|
|
|
We already have HD wallet which can be integrated to a hardware or paper wallet. I do not know how easy would that get in terms of understanding while security wise would say it would be enough. Sometimes it still falls to the owner to use basic common sense and to take necessary precautions to maintain security.
|
|
|
Well assuming if they have every resource at their disposal, the faster way would be to attempt a 51% attack and then modify the codes to mine all the remaining coins. Enter a difficulty level no machine in this world would be able to solve and without transaction reward, no miner would want to process and maintain the network.
|
|
|
Might as well sell everything you have and stock up food because fiat is going to collapse and become useless
|
|
|
Any chance to prevent this or maybe some kind of software that can detect the backdoor?
|
|
|
No the community as a whole still has the final say on whether to adopt the change. Eventually it is still the majority who wins.
|
|
|
It goes to show how valuable bitcoin is and I'm surprised there are still a lot of people who seems to be oblivion about it.
|
|
|
Oh definitely. Having a backing sure helps. Maybe some form of regulation whereby if there is a claim of bankruptcy due to hacks, a proper investigation can be conducted. Also if there is a requirement to have accounting audit to maintain credibility that would certainly give that level of confidence to the users.
|
|
|
|