Okay so, bitcoin is outright banned in some countries, so the banning of bitcoin is already a reality. The major government including Russia, China, and the USA (just to name a few) could also ban bitcoin and cryptocoins in general. My questions to you guys are: What do you think will happen to bitcoin? If any, what is your plan of action and what would you like to see from the community in terms of continuation and development? Bitcoin probably will never die but the banning of bitcoin could change the whole dynamics (let alone a temporary major price dip).
I'll give my thoughts first. I think bitcoin will grow and develop into what we want it to be regardless of the legal status. Fundamentally what bitcoin represents is anti-authoritarian and governments banning of it should not much of an impact fundamentally. Sure the price will suffer for at least a while although still climb "to the moon" probably, but as far as technical development and social spreading goes, I think that will continue. Unfortunately that could mean that it operates in the black market only for a while which would slow things down but I do think that would be a temporary affect. I am curious though if the governments could have a strong enough desire to destroy bitcoin or prevent it from growing past a certain point, that they could actually do that. So I wonder what you guys' thoughts are.
I don't think that the countries named by you will ban bitcoin. All the story of bitcoin and its regulation at these countries tell the opposite. Anyhow if the ban will happen the first consequence is the development of the black market. Then, for sure, will happen (in time) the regulation of it. |
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BITLICENSE: A BOON OR BUST?On June 24th, 2015 the BitLicense was adopted by legislation and is now recognized by the NY Department of Financial Services (NYDFS). Businesses handling bitcoin and virtual currencies must apply for the license within 45 days from its initial announcement and pay an application fee of $5000. August 8th was the deadline for all companies to comply. Since that time we have seen a sizable exodus of startup companies choosing not to service the New York region precisely because of this regulation. The bulk of the commentary on the BitLicense’s success thus far came from Ben Lawksy, who, as he puts it “is doing no work in the virtual currency space at all.” after implementation of the license then handing off the reigns of procurement to others at the Department of Financial Services NY. Lawksy states that “smart regulation puts guardrails and rules in place that hopefully won’t stifle innovation” and that “the jury is still out” on the BitLicense. Read The Full Article I don't think that exist some power or authority which can impede the regulation of bitcoin. Even this can happen will be temporary. The most brilliant example is Russia which declared bitcoin outlaw and now have made "dietrofront". |
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Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?
I don't think so but who knows. Anyway ethereum - according to the guys who understand better these things - is a better crypto than bitcoin but here we are. Its value is far away from the value of bitcoin. And for more is in strong deprecation since the story of DAO. |
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The cryptomoney maybe but bitcoin itself cannot be. It is impossible that bitcoin cover all the needs for money for the entire world because the amount in circulation of it or that can be produced in the future are very few. As such are insufficient to fulfill the need even for one country if this country is big and developed. Then the most important thing is that bitcoin cannot be controlled as a currency. No one country can accept this fact for its economy.
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Bitcoin is a good investment now because for sure its value will increased in time. Having in mind that bitcoin value depends from the spread of it and the faith the people have on it this increase seems very verifiable in time. This year is verifying this too.
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Hello guys  How many bitcoin ATMs do you have in your country? Here in Portugal there's only one in Lisbon! Do you think there should be more in your country or are sufficient? In my country is not known bitcoin. So have no meaning to speak about the ATM-s. As for the number of ATM are always less than needed. Not only for bitcoin but even for the real money. Everyone want to have its personal ATM near at his/her home. IN this way can manage faster his/her money. |
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Who in the world controls the bitcoin? I don't understand where it appeared and how it began to be one of the official currencies?
Who controls the course of Bitcoin?
No one control bitcoin. And no one will can. Bitcoin is not official currency but popular currency. That mean that is value exist only because the people who hold it have decided that have value for them and have found way to make true this their faith. |
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We all know that bitcoins price changes quickly because of its demand So if some online shop sells products and pricing it in bitcoin,
How can we price it ? Should the price change also like btc?
If you know the value of something you want to sell in real money the price of it in bitcoin can be found very easy. Convert the price in real money in bitcoin and you will have the price you want. Adjust it how time you want if the price of bitcoin change and have nothing else to do. |
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Bitcoin is difficult to explain. I also felt difficulties in understanding bitcoin for the firs time. Let's share how to explain bitcoin to children of teenagers. In My country I can say 98% children don't know bitcoin. In fact, bitcoin can be future money. If the children not familiar with cryptocurrency or bitcoin, how can they face the digital era in the future.
You can use the computer to explain everything to a child. Always if he/she can understand before what is the real money. If yes then you can show him how to send bitcoin in several places. That's all. What else needed to explain except that is money and in which can be used? |
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I don't see when is the bad here. There will be always bitcoiners who will want bitcoin to realize their dreams and others who will want to borrow them because will want to multiply those. The bank will be the institution which will be believable for both of them. So both will be redirected to this institution. I have a question for you: What about escrows who make this "job" here in this forum and retain their percentage for the service they do? What do you think about these people? They are the "bank of bitcoin" which is in action. Where is the worst here?
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For sure the price will not go down but high e very high. Will go higher until the first of them who have bitcoin will sell. And in this moment all the story will begin from the beginning. Who will want bitcoin will offer always more and more to have. Who have will sell to have the money. To not forget that the affection of the people for bitcoin has made possible the price of bitcoin in these levels. Will be this affection which will not leave that the price go down in the above situation.
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Check in my 6th week 12/11/2016
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People here have claimed that Bitcoin is in fact controlled and ruled by China, as mining is centralized by Chinese mining institutions.
Do you think that China is controlling/ruling bitcoin yes or no?
Bitcoin is not and cannot be controlled by no one. The fact that now in China is the biggest interest for bitcoin mean that simple people here want more bitcoin and that's all. Is not the State who have desire to have bitcoin but the simple people. And this mean that they are not able to control bitcoin because are to many and not only one owner. Then to not forget that bitcoin is decentralized and open source; two factors these which make even more impossible that bitcoin be controlled by some centralized authority and even less by a bunch of people. |
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Check in my 5th week. Date 12/04/2016
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If to look in IСO cabinet, then all 48 821 198 coins are sold.
1% of bounties means = it is 488 211,98 coins
From them 45% for the signature of 219 695 coins.
In total share for the signature 2165, it is 219695/2165 = 101,47 coins it is one share.
I correctly counted?
i think 100 coins for one share should be . Because we have about 50 mil coins sold I'm guessing the sig bounties will be paid into our ICO accounts... the accounts we invested in?? i dont knnow if i understand, will be the signature bounty paid in INCENTs or in WAVES?? because we were asked to ad a WAVES wallet into our ICO page.  Incent will be hold in the wave wallet. Is a token. |
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Check in my 4th week. Date 11/27/2016
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Is anyone have bought the investor shirt? And if yes had received it?
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Check in my 3rd week (11/20/2016)
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Hello Cryptopay,
I would like to have a promo code but for express delivery (IF POSSIBLE). Because I have doubt that the standard delivery will bring the debit bitcoin card at my home. I will use the card for withdraw at ATM and for online and offline use.
Thanks a lot in advance if will have such promo code.
Hi! Unfortunately, we have only standard delivery promo codes available. Sorry for the inconvenience  Would you still like to try it? Yes please. I would like to try. Thanks anyway for your behavior. Hi! I have sent you the promo code for a free plastic card with the standard delivery. Let us know when it arrives. Enjoy using Cryptopay! Thanks a lot but is to late.  I already ordered with express delivery and my card is in my hands and ready to be used. |
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Check in. 11/13/2016. My second week.
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