1. What's the reason for multiple backups? If you store them on different places, other people would have more chances of finding one of them. Don't tell me that you're going to store all of those multiple backups in a single vault. That'd be absurd.

2. Apparently, you won't know that until someone withdraws all the coins of your wallet. In other words, your coins might be in a bubble right now and the hacker is just waiting for the time that you add some more coins or the time when the price of bitcoin is good.

Thank you so much!

Red asterisk on SpectroCoin because their campaign has unresolved scam accusation (https://bitcointalk.org/index.php?topic=1586595.0). The same as Betcoin.ag's reason for red asterisk.

I've added your campaign in the signature campaign table. Hope it helps.

No matter how smart you are, you can't just understand everything about bitcoins when someone just said "Bitcoin is a decentralized cryptocurrency." That's a broad topic that you have to discuss. Why is it decentralized? How is decentralized? How are we sure that it's decentralized? There's a deep explanation on these things and that's what you have to explain. Sure it's easy to know that bitcoin works the same way how you would spend fiat money, but bitcoins is much more than that. It's much more than an investment and a currency.

If you're looking for a market that has a warning when the price is going to move up or down, you're in the wrong universe, kiddo. That doesn't exist here. You would find the article on reddit why the price is going down but when you check the price, everyone has already sold their coin. The news would always be delayed so other people leave a margin (i.e. 2%) and sell their coins when the price has decreased by that much.

Sure it will happen again. This is just one of the thousand times we will have a major price decrease. It's not as shocking as how much tension there would be when almost everyone's already using bitcoins. It was just PBoC (China) that has caused the recent major price decrease, what more could it be when all the major countries has teamed up and destroy bitcoins.

In other words, you think that the government will not allow bitcoins simply because of the features that it has. Bitcoin is decentralized, and no one's controlling it. Look at it as a palace that has no King, in fact, there's not even a throne. No one can control bitcoins. There's no way the government can control bitcoins because there's just no way to do so. You can buy all the coins, alright, then you can control it by holding all of them and not selling it ever. But that would just make bitcoin users even happier because they would be millionaires without any effort at all.

The government wouldn't spend that much fund just to prove a point that they are more in control than the simple idea of bitcoins.

[1] Why should it be bitcoin's problem? We don't have to merge with the banks because it would cause a lot of problems, like how would we implement it, etc. We're already good as we are. We are our own banks. It would come to a time when we can buy almost everything using bitcoins and banks wouldn't be used that much anymore except for converting some of our bitcoins to fiat.

[2] Bitcoin is decentralized and you should look up an explanation as to why is it like that instead of thinking that someone is in control and is just hiding somewhere.

History doesn't always repeat itself. Just because it went up and then went down quickly, doesn't mean it would happen again when the price has increased again. Because if it does, we will be stuck in an infinite loop of a market that goes up at a certain price and then goes down quickly right away. People would be raping that market if so.

The past is different from the present. Back then, people hyped bitcoins to $1200 and then realized it's actual worth so the price went down. There's not that much bitcoin users at that time. The price has become $1,100 again on January and the price went down to $760 because of the PBoC. But it's not going to happen again. They can't manipulate the market the same way they did before.

You guys should move this to Services section so it would have more participants.

Insurance, I guess? Fiat banks have that. In case that the bank gets robbed, your money would still be safe. It can be applied as the same way as bitcoins, although it would be hard to the part of the bank owners because no one (including the government) can't just print out bitcoin unlike fiat as if was magic.

A bitcoin bank can also offer you more security. You wouldn't have to secure your bitcoins anymore by setting up a wallet and doing all the precautionary measures. They will do it for you.

[1] Maybe in your case, but at most cases, it is. I've tried introducing bitcoins to my friends before and one of their first questions is "How does a bitcoin looks like?" and I said that it has no physical form. They were kind of disappointed with the fact that bitcoin is only a data and it doesn't exist in the real world. Well, there's hardware wallet and physical bitcoins that have bitcoin in it but it costs some money.

[2] Apparently, cash can't give you as much ease of transaction as bitcoin can. For example, (a.) not having to be physically in the store, (b.) low and fast transaction fees, (c.) wide range of business opportunities for transactions.

[3] Not exactly to the best of our desires because there are people that wants bitcoin to have lower fees but that simply is not going to happen because more and more people are using bitcoins. That means more and more people are competing to have their transaction processed first so there's transaction fee bidding going on which increases the transaction fee a lot.

Maybe "most" people but not all of us. Some loves using bitcoins when paying bills and even convert their fiat that they earned from their day job into bitcoins. You can spend your bitcoins now on Amazon using Purse.io. Unfortunately, but only people from the US and other similar countries are able to buy from Amazon. It would take a month or so before your package comes if you live far from the seller.

There are also some people like me that don't convert bitcoins that much simply because we're holding long term. And by long term I meant until the time the use of bitcoin becomes mainstream. It might take a long time but I'm still young anyway.

Most of the things in this life depend on time. When bitcoin isn't rising at all, you actually have no choice but to wait because you only live in the present and time only moves for a second, then another second, then another.. You can't fast forward to next week to see if the price of bitcoin has finally increased.

In the long run, you surely can make profit from holding bitcoins. But I think that keeping an eye on the news like SegWit, Core vs BU, legalization of bitcoin in certain countries as a payment method, etc. can help you give an idea if the price is going down or if it is going up. But of course you can also do short trading if you're not that patient but you know how to spot a good trade. It's much better that way because you're making more bitcoins as the price is growing as well.

As long as fiat has a physical form, there would also be physical banks. ATMs have to be refilled with new cash by the banks. You also need to have a physical bank when you're depositing and opening an account, because otherwise, the bank would have problems. Supposed that they automate opening an account on their bank, there would be people that do not know how to use it and would need guidance. Same goes when depositing money.

There would also be people that would not feel safe when he's going to deposit tons of money in a bank and just be in front of a machine. It would also be tiring to enter all the cash that he needs to deposit (for example, $100,000). Banks are also needed so there would be a building where all the cash of that particular bank is stored. Without a building, the security would be much less.

What do you mean by lifetime bonus? Is it the same affiliate program that gives you small amount of bonus every single day? I really doubt that it's a lifetime thing given that websites tend to only last more than a year or so.

I would prefer one time affiliate programs. For example, when someone bought an item and used your affiliate link. Youtubers do this often and they seem to make good amount of money from it because otherwise, they wouldn't make all those Youtube videos and include their affiliate code in every single item that they feature.

Well if your boss is a cool guy and knows about bitcoin, he might ask people around him if they want to get paid in bitcoins. It doesn't make any sense if you're going to change your job or prefer a job over another just because it pays in bitcoin form. Always pick the best job for you in terms of payment rate, location, and if it's your passion. Even if the job pays in fiat, you can simply convert them to bitcoins. No need for you to demand your boss or your accountant office to pay you in bitcoins.

[1] Not necessary "all the time" but only when you're sending money or when you're checking if you already received the payment. Even after being offline for a couple of weeks, your bitcoins would still be in your wallet.

[2] It's a disadvantage to the average joe but it's an advantage to most of us. Eventually, the average joe will evolve and learn how to take advantage with the price volatility.

[3] Maybe not now.

[4] Sadly but people always want to have someone in charge even in small activities (i.e. group activity in school) which obviously don't call for an authority. Maybe the average joe would want to try something new and try decentralized stuffs.

[5] Only when you're not a tech savvy and if you don't read much. You don't have to be all technical.

[6] Eventually, we'll get there although it might be much longer than we are expecting.

[1] My teachers also weren't able to make me understand Math in my high school days, but it was not their fault. As a teenager, we tend to be lazy because of puberty stuffs and all the distractions that surrounds us. If other students were able to understand what real world economics, then you might be the problem and not the teacher. Seriously we can't blame our teacher. We can't say they are "not entertaining enough", "too boring", "not funny", etc. and so we don't want to learn from them. In addition to this, the education back then is different with the education today.

[1]

Q: "Why do you think bitcoin will not replace USD?"
A: ".. because gold didn't."

Gold might be one of the major opponents of bitcoin but they are definitely not the same. Gold has a physical form but gold can also be in digital form. We haven't used gold as a payment method because only rich people do. The government uses gold to do large transactions to other businesses.

And by the way, with history we know that Gold was actually our fiat back then (i.e. Gold coin)

[2] Gold and bitcoin are two different things. Just because the other one didn't make it, doesn't mean the other one will not make it too.

[3] No one's trying to take away the capacity of yours to invest by holding bitcoins. We should not dismiss the fact that bitcoin is actually a currency, although it's being treated as an investment by almost all of us.

Upon discussing the meaning of FLUX on PM with Mitchell, I moved WhyFuture back to Active.

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Updated table: OP has been updated.