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Every technological advancement and invention main focus is to increase the productivity through efficiency and effectiveness and that is the main reason we build computers, softwares, AI robots and many other advanced machines that can do miracles in a work place and those man maid machines are so effective they can easily replace large amount of workers and do the same job efficiently with minimum cost which makes more people jobless and day by day job market is decreasing in a higher rate which is a major problem to the world with the population increase rate we see today .
What I want to know how bitcoin can be different from these inventions ?
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Here is what I see each time the government tries to stop or control bitcoin-  Bitcoin is designed to be censorship resistant, peer-to-peer payment system designed to remove the control by centralized institutions like banks . When bitcoin eventually achieve mass adoption, it will not really be much of an issue if some Governments place a ban on it within their countries. That is not a surprise and they are trying to do that through media and many sources most of the time but what they haven't understand that how can they control a decentralized currency. Because if they wants to stop a fiat currency or a social media site they can just take down there system through politics or lows but for bitcoin the core network is not centralized to any organization or a group of people so they can make bitcoin holders to fear and sell there assets or make some local restrictions but other than that nothing can be done until we have faith in it and that is the most important fact that can decide the bitcoins future |
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Taiwanese Hospital Launches Blockchain Platform for Record KeepingAs part of efforts to consolidate the government’s Hierarchical Medical system policy, Taipei Medical University Hospital has introduced a blockchain-driven platform for the advancement of medical record-keeping. The Healthcare Blockchain Platform will be used to improve patient referral services and integrates individual healthcare networks for people to access their medical records with relative ease, according to a report on Taipei Times. In a statement released by the hospital, the platform will be a one-stop referral and long-term care service in support of the government Hierarchical Medical System policy. The Project incorporated the collaboration of over 100 community-based clinics and employed the use of blockchain technology in addressing “common pain points” in healthcare. These include the transfer of data between medical institutions, personal patient portals and physician referral process, the hospital wrote. “Using smart contracts, hospitals and clinics can request and authorize patient record sharing easily and securely,” the report noted. Hospital superintendent Chen Ray-jade, who spoke to the news outlet, said the technology would provide an avenue to synchronize electronic medical records with electronic health records from various clinics and hospitals. It would also come with a security feature of notification and consent before any transfer occurs. Taipei has only followed the path of other healthcare establishments in the world using ledger technology in the management of medical data. Earlier in August, a medical big data ecosystem meant for the storage and secured transfer of sensitive genomic and personal information was jointly developed by South Korean biotech enterprise Macron and local tech firm, Bigster. The move is expected to reshape the global medical landscape by allowing for secure storage and transfer of large amounts of sensitive genomic and personal information through the blockchain. https://www.ccn.com/taiwanese-hospital-launches-blockchain-platform-for-record-keeping/ One of the best idea and a bold concept we saw recently in many ICO projects targeting health care sector through blockchain based decentralized platforms to manage, transfer and analyze patients data and provide facilities to help improve there treatments in a futuristic way and there is a god demand for that from the health industry and that is why this hospital made such decision |
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As long as it is not considered as "illegal" in most of the country I think there is no big deal, every new technologies starts in small community and time by time this community will get bigger and no one can stop it until it is known by most of the people living just like social media.
You think bitcoin has the ability to progress with the current world and I too believe that and I think bitcoin can expand more in the future but with a more acceptance from legal parties which we should wish that will happen in the future because bitcoins is the worlds first digital currency as we know and if it becomes legit it can open a whole new page in the world for cryptocurrencies and that is why I think achieving legit label for bitcoin is very important not just for it but to make a real difference |
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bitcoin may not be a legal "currency" in most of the world but it is legal "something else". for example in US it is a legal commodity. as long as it is not illegal the growth will easily happen because it doesn't matter much what the government calls bitcoin. in the end bitcoin i still the same currency and continues to be adopted. that is the point of a decentralized currency anyways.
Do you think there is a boundary line that is drawn by governments for any commodity that haven't gone through under regulations and owns the legit label |
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We all know at the moment bitcoin is not a legal currency in the world and it has many political barriers but still it continues to grow for years among general public and the business world so my concern is how far it can go or how far governments and other significant organizations will allow bitcoin to continue its journey without being accepted as a legit currency?
You can State what do you think because your bitcoin investment depends on that
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Fear always make investors and traders to miss calculate there decisions and doesn't matter how far there knowledge and skills are develop to trade and earn profits with fear they will never take right actions and make the best out from the moment so no one should let there emotions interrupt there judgement which is really bad specially in a market like cryptocurrency
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People who say that bitcoin uses too much energy and it causes environmental damage has forgot major side about bitcoin and those are the advantages and benefits it provides by using those electricity and also because bitcoin is a first generation digital currency it may use little more energy than newly introduced cryptocurrencies but still we cannot ignore good things it has provided and it will provide in the future to the worlds economy
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It maybe causing environmental damage and everything in this world which uses electricity or any other things cause environmental damage for some extend for an example we see hybrid cars as environmentally friendly concept because of the fuel efficiency and low air pollution but to make the hybrid battery some expertise say there is a huge pollution that is causing in the long run but most people buy hybrid and why we should concern about the small bitcoin environment damage when it gives more advantages and benefits
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Is no longer news that various countries of the world are not in support of Bitcoin either as a means of payments or for trading purpose. This are been a challenges most Bitcoin users are facing throughout the countries of the world inexception of few countries.
I have begin to see it that maybe they are thinking that adoptions of Bitcoin might bring a partial collapse of the banking system and also a means of curbing money laundering.
So, let hear your views on what can be done to make our government realised the important of Bitcoin and Blockchain Technology.
The major problem is no once can directly convinced governments directly because if we go to convince governments about a decentralized asset which has no authority it won't work but we can indirectly do that by making Bitcoin more useful and beneficial for governments and trades through adapting Bitcoin into essential systems that majority of people use daily and in that way governments might change there view towards Bitcoin to gain financial profits for there countries |
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From the ecology point of view this sounds bad and something should be done. Still I beleive there are other things that spend more energy than bitcoin. Maybe some sustainable alternative energy source could be the solution. I would like to believe that bitcoiners are environment friendly and think for the future generations.
Of course we spend electricity and other valuable resources for unnecessary things that has no value and make no production but some point out the Bitcoin energy consumption as a huge problem to the world but with sustainable mining methods and other systems in the future Bitcoin electricity usage will headed low and such problems will not occur again |
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Panic sellers are every where and panic selling happens all the time even in on share market, property or forex but in crypto market we can see these kind of things often and the income for others are significant when they do and also there is a bad side to it because still the crypto community is much smaller so if many people do panic selling the market drop will be much higher even we bought currencies for a lower price
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Stability of the price and future constant demand are few main things in order to become a reserve currency in the world and Bitcoin is gaining them slowly and increasing its user rate rapidly in various business trades so if something tragic wont happen in the future against Bitcoin for it to become the reserve currency of the world is very high but many think this is not possible due to political view about Bitcoin and its existence
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No one can consider Bitcoin investment as a bank loan or any other investment action we take in the real world this is very new to the world so I don't think there are any collateral behind Bitcoin or its investments and the investor should accept the profit and the loss both in the same way according to the price variation that will happen after the investment and nothing can be expect more than that
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As I have seen from a website about China's nabbing crypto thieves. So, being a computer genius has a lot of advantages to get rich so easily with cryptocurrencies if they will not be caught. Unlike us who makes clean living by trading, mining, investing and bounty hunting, they tend to get easy income in their professional thieves way. Might be this is the reason why bitcoin's value is going down. Just my thoughts.. Check out the link about this news I have red. https://sg.news.yahoo.com/china-nabs-crypto-thieves-social-120041067.htmlIf there are computer viruses that can steal that will be a huge problem for many people and specially for good people because the losses that can be done by hackers are immense and I know from my personal experience because too have faced a cruel hacker and lost my entire wallet full of currencies just in seconds but I don't think it was through a computer virus but though a currency exchange but if the above is true the damage can be much higher |
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The truth is that the anticipation for crypto to go mainstream increases as time goes on. In fact there are skeptis who would have nothing to do with crypto unless it goes mainstream. Is 2018 that year when blockchain crypto goes mainstream?
This is a great year for the cryptocurrency world and most game changing decisions took during this year than the past and I think that is why the market changed with a high variation. Among the things happened in this year for crypto more positive scenarios took place for the betterment of the digital currency world and that made more new people to attract into the crypto world as investors and traders |
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The world is really going digital. A time is coming that no one would use physical cash in making transactions. Crytocurrency is even going to be great in the years ahead.
I agree more people today often try to use digital money instead of physical cash because due to the convenience they provide and also if we think about the ICO projects that are launching rapidly there is a specific digital currency for each industry or business area so we see so many digital assets that are available for potential people to select according to there need so many businesses and individuals try digitize what ever there doing |
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Its very interesting whenever I see posts like 'bitcoin is dead' or someone asking 'is bitcoin going to die?'. I ask myself, are these people really current at all. Everything we are doing in this modern world is gradually becoming digitized. We are gradually moving from the pen and paper world. The blockchain technology is full of new ideas and projects which is gradually turning the world to a more convenient place to live. Please the fact that you invested in some shit coin and it died doesn't mean the whole crypto community is dying. Trust me, if every coin will then not bitcoin. Digital currency is the new world, very soon the whole world will accept and adopt this great concept
Of course the world is going digital and everything is becoming digitized with the technological improvements in a rapid rate and that has made everything very convenient for everyone and Bitcoin is another significant player that was invented due to the revolution to develop the world more effectively and an efficient manner. Because people understood the important benefits that can gain with Bitcoin they have started to invest in it and t is the major reason why it is becoming very popular day by day among many people |
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I always wondered what is the problem for BTC to be finally adopted in the wide range of business, I was expecting at least a great adaption in the online business but even so, what stops business from adapting BTC, the volatility? The low rates of adoption? Or maybe a lack of propaganda? BTC is so great and I really wish I could use it in more places IRL!
Bitcoin is not adapted into business because in order to do that first it should be more accessible by majority of business individuals and people as a digital currency but even it is more usable as money its users aren't using it that way right now but the path is changing for the better side of Bitcoin these days and more people are using it to purchase products and services from on line websites which is a major attraction to other businesses and entrepreneurs in order to trust Bitcoin and combine it with there core processes and day to day functions to use Bitcoin frequently to do transactions |
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