It's probably because most people who would have been interested in Bitcoin has already heard of it and have experienced using it one way or another during the December rush. The people who read the news nowadays are either completely uninterested, or are/have been involved. That's just my take on the matter though.

Either way, nice picture. They may not be referring to Bitcoin itself, but its image as digital money, which makes sense because it's about our evolution towards the digital world. I'm happy with it.

Oh shit, if the real Satoshi Nakamoto tries to claim Bitcoin Cash, then it follows that it must be the true Bitcoin, right? Roger Ver was right all along. I am ashamed I ever doubted him _/s


It's not going to affect Bitcoin because no one will take it seriously. No one will believe any claim without solid evidence, considering what's at stake. His life will be altered somewhat because no one will take him seriously anymore. I'm not sure how it will affect his family, but I'm guessing some of them feel a little shame for him lol.

I'm surprised they actually have something like this considering their general anti-crypto stance. For those wondering, the rankings are apparently done by the China Center for Information Industry Development (CCID) from the Ministry of Industry and Information Technology. Are these even easily accessible to their citizens with the exchange ban? Lol.

But yeah I'm not surprised. China likes control, and they can't really control Bitcoin in any meaningful way. The rankings don't mean much either, except maybe for the Chinese.

Using Bitcoin for other things shouldn't differ much from your experience on using it to buy domains. Most merchants use payment processors like Bitpay anyway. If you thought that was practical enough, then it's probably practical for you.

But yeah, you can absolutely use Bitcoin exclusively for pretty much everything for as long as you find a good merchant that accepts it. It's probably not as practical as other traditional options for daily use, but I'd say it's definitely practical enough.

Where are you based? In the US specifically, Bitcoins are taxed whenever a taxable event takes place. These include: using them for payments, selling them, converting them to other cryptos, etc. I wouldn't know how to compute for the initial cost, but that may just be operational expenses for the period.

I'd personally say it's fair for as long as it's being taxed the same way as everything else. There shouldn't be higher tax rates specifically for crypto earnings, at the very least.

Come on man. Multiple studies claim that humans were born with the capacity for empathy and have a natural tendency to learn it. The media just paints the world in a bad light by emphasizing the negative aspects, so it's easy to assume that everyone just looks out for themselves.The bottom line though, is that people still caring about each other is the norm, while hurting each other is the outlier. These guys just don't want you to feel the pain of losing your money because they have probably felt it themselves. _/s

It's just FUD lmao. I don't want to paint them all the same way, but there are some people who are in perfect position to take advantage of price drops. That likely has something to do with it.

Wait what? Kenyan communities can create their own money? And that's legal? Lol. If this is true, then it's probably a good idea, considering the success of this service:

https://www.cnbc.com/2013/11/11/cashless-africa-kenyas-smash-success-with-mobile-money.html

I'm still quite surprised that their government is on board with this though. They probably have a large degree of control over the blockchain itself. It'll also be the first instance of legal tender being tokenized (I could be wrong though), so it'll serve as a nice proof of concept.

As a newbie, you don't invest in any. You learn how they work, and you don't follow people who tell you to invest in that or in this. There are no safe options as far as ICOs go.

Just like any other business, you just give people what they want. Good service, good support, and low fees are enough to get you a long way. The market has a tendency to reward good businesses.

This may or may not be a good idea and may even be impossible depending on where you plan to operate from, but you could also not implement KYC procedures. Lots of people seem to avoid them.

What purposes exactly though? It's hard to really speculate if we don't even know that much. To raise money? To raise influence?

Also, for what it's worth, clones generally don't do well in the market. Look at how many forks of Bitcoin are in the wild. It can probably be argued that a country would have far more resources than run of the mill crypto teams, but even then, I only see clones being popular in their home country, if at all.

I only typically see what other people post. So mostly reddit and the Press board. I'd follow crypto news sites but they put out too much garbage. People usually only share pieces that matter.


I read pretty much every statement I encounter, but I don't take them at face value. You should always scrutinize what you hear, most especially in crypto. Never take trading advice from experts blindly.


What do you mean? If you want to know how to tell honest people from dishonest ones, there's no easy way to know. Just assume that everyone's being dishonest and fact check things that matter to you.

I completely agree that we should be selling Bitcoin's utility rather than its potential to help people make quick bucks. It has always been about that after all.

The problem I see right now though, is that Bitcoin's strengths are too niche to be able to attract a sizable part of the population. The average joe likely wouldn't care much about decentralization. Anonymity is cool, but in hindsight, it seems most people only really desire it if they have something to hide. Online payments can also be done with credit cards and debit cards, and they're mostly instant (and free) as far as customers are concerned. Efficient cross-border transfers is arguably its best feature at the moment, and while it's absolutely top-notch, few people require it enough to actually buy into the ecosystem.

I feel like crypto has barely scratched the surface as far as its potential goes. It'll probably be a while until utility can drive significant adoption by itself. I hope I'm proven wrong though lol.

Sound advice. Google has been doing a better job in keeping the Play Store safe recently, but a few shady apps always seem to fall between the cracks.

For Android specifically, I'd like to add that you should only install apps from the Play Store. Don't use any third party app stores and don't download APK files from the internet. Avoid rooting your phone if you can.

The iOS App Store is much safer but that hardly means shit if you jailbreak your phone and use unofficial apps.

Air-gapped phones should be just as safe as hardware wallets though, so it's not like they're inherently insecure. It's just harder to be careful with them because of how many different things they can be used for.

Bounties are low risk - low reward. All you really need to do is put some time in. The only risks involved is wasting your time and maybe being required to download malicious software for your reward. You're basically doing tasks and are getting paid for them, so you have to mess up horribly to end up losing money.

Trading is high risk - high reward. You're going to have to do lots of research among up and coming coins and will have to track price movements pretty extensively. Low market cap coins have explosive growth potential so you can make a lot of money if you get lucky with your decisions. It's still easy to lose money even if you do everything correctly though. Trading is probably not a very good idea in the current state of the market.

Nope. No system is fool-proof. Even banks, who have their online systems set up far longer, and with much higher budgets and stakes than exchanges have are vulnerable to hacking. One could even say that the internet itself is inherently insecure, because at that point you're exposing your system to be accessible by anyone. All they can really do is patch as many holes as they can and keep up with the trends. For exchanges specifically, this means strengthening their inner protocols as much as their external cybersecurity, as most exchange hacks are speculated of being inside jobs.

But yeah, like the others have said, this doesn't mean you should stop using them completely. They're vital to the ecosystem after all. You should just do all you can to minimize the risks that come with getting involved with them.

Do they really? I don't encounter a lot of these. Most just say that Bitcoin has had its time in the spotlight (stagnating, not much room for growth, etc., but not dead) and that their project is the next one up or something like that. The only people who really actively wish for Bitcoin's literal downfall are rabid BCH supporters who swear that BCH is the true Bitcoin.

Either way, that's just competition. It brings about good results most of the time, but it can also bring the worst out of people. History is full of figures who use others as a stepping stone to their goal. Crypto isn't any different.

It's bad for crypto for sure, but I don't think it can make the current situation any worse. They're a fairly small market, and the news itself doesn't generate anywhere near as much buzz as the Bithumb hack (which didn't move the market much either). Scams are so common nowadays that people probably just shrug at them.

But yeah, that doesn't mean we have to treat scams as the norm. The community should work each other to eliminate as many of them as possible. Good for Ukraine.

I'll try to put things into perspective for you:

Bitcoin's price is currently at its lowest in at least 6 months. Buying right now would put you in a better position than if you bought at any other point in 2018.

On the other hand, prices have been dropping since the end of 2017 and we don't know exactly how low the price can go. We're in a bear market and it can drop to like $3000 next week for all we know. $6000 could just as easily be the lowest point.

I personally think buying now is a bargain. We don't know what the bottom is though, so you should at least expect short-term to mid-term losses for the duration of the bear market. You're very likely to lose money if you decide to stick with your two-month timeline unless Bitcoin somehow goes on a bull run.

I could be wrong because I'm not all that familiar with it, but it's a cryptocurrency. Lumens to Stellar is essentially like Ether is to Ethereum. Stellar is the network itself and it uses Lumens to run.

I personally would rather hold BTC because it's much safer long-term, but that's just me.

Why would this be a threat to Bitcoin? It still works as it should and development is still underway. It has proven time and again that price drops won't crush it. If anything else, it may be a threat to investors.

We're in a bear market so I personally don't think we've bottomed out. I plan to just sit on my ass and HODL. Investing right now is even bigger of a gamble than it usually is.