My country is not listed there. Why third world countries do not care about cryptocurrency? I mean, there are many people who are aware of its existence. Why shouldn't they try to spread it? It really annoys me that the fact there are many smart people who are not taking chances.
I really try to spread the cryptocurrency's knowledge and I always get bad feedback unless I show them a valid proof...or rather money.
Which country are you from that you say is not listed here? |
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Oh my God, 667 forks and we didn't notice it. But i am surprise these forks doesn't effect on bitcoins instead the price increase. We should not disappoint when fork appeared there's nothing wrong with bitcoins its make btc perfect lets buy again. Also if the price fell down temporarily because of these forks then it means it is again good time to buy bitcoins at a lower price.
Uh yes, how else did the hundreds upon hundreds of other altcoins come about after Bitcoin? |
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Reiterating: Satoshi left a text message in the first mined Bitcoin block which reads 'The Times 3 January 2009 Chancellor on brink of second bailout for banks'. The text refers to a headline in The Times published on 3 January 2009.
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Bumping for newbies as we now have a market cap easily exceeding $160 Billion for Bitcoin. There's interesting resources on the OP.
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This is excellent - thank you for sharing.
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As Bitcoin's market cap grows, how much pressure does that put on fiat/debt issuance total? Does it pressure it to expand or contract fiat in supply?
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I just woke up this morning and saw the recent price of bitcoin and its really alarming high! so i wanted to know, could there ever be a crypto that surpasses the mighty Bitcoin??
hahaha - don't you know they nickname altcoins to be "scamcoins"? Bitcoin is ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...why?: It is the most globally distributed in terms of users (this makes it globally fair) and distributed miners If it can be shutdown, and have assets frozen by a bank or government, there would be no value If it wasn't secure, there would be no value. If it wasn't immutable, there would be no value. If it wasn't globally distributed, there would be no value. If it wasn't so strong, open-source decentralized and unstoppable, there would be no value. If it wasn't so scarce, there would be no value. If it was easy to spam transactions, there would be no value If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin"). If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value If it was exactly like fiat and only did transactions, there would be no value. Bitcoin has all the characteristics needed combined to make the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system. |
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He's just a puppet. If Roger Ver to go away, the "and Co." will replace him with another puppet. |
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Anyone know what the status on XBT Provider is and if they are getting added back to Interactive Brokers? Is IB going to force liquidate or can any already purchased shares just be held until needing to sell?
I overheard that they are not force liquidating those who had already previously purchased and those can call-in to close out the position. |
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What are your thoughts of Bitcoin and how it fits in the larger picture of global fiat base (liquidity)? An excerpt:  https://macromon.wordpress.com/2017/04/26/the-chart-that-floats-overvaluation/
"We have estimated a global liquidity concept called the “global monetary base” which is simply the sum of the U.S. monetary base and the world’s official foreign exchange reserves. Since most of the official FX reserves — about 65 percent — are held in dollars most of the global monetary base is in the U.S. financial system."Bitcoin cannot fit in. If you notice the actual amount of US dollars in Circulation versus the number of bitcoin in the circulation there is a huge gap. Even if we make 1 bitcoins value at 100 million dollars it cannot still fit in since the amount of bitcoins is short. Thus we can say that bitcoins cannot replace the US dollars as the official legal tender but in a way it will complement the fiat currency. Yes not as a replacement....but as time goes on, if bitcoins market cap gets larger and larger (currently around $170 billion), will currency/fiat continue to increase in supply or will it contract? |
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"Hacking" wouldn't work the same way with Bitcoin as it does with other monetary systems. With a bank, you hack the bank. With Bitcoin, you need to be the bank - you need to have enough money and mining power to implement changes to the network. That's not some can do without hundreds of thousands of Bitcoin to spend.
Spam attacks already exist, but decentralisation is always the protection against any real hacking, because unless you can completely dominate the whole network, you can't hack it.
Individuals, however, can be hacked if a hacker can find out their private keys one way or another.
Yes Bitcoin is secure. It is only up to the individuals keeping it to keep their bitcoin secure. Bitcoin is relatively secure from spam attacks as they are expensive for an attacker to sustain for a long period of time - the fees force the attacker to only be able to perform a short-term attack. |
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Anyone want to post an updated comparison pic here?
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Having a country scare its own public of "ban" of Bitcoin will be detrimental as her population will fall behind on the wealth curve of the world and become more poor than others.
With that said, Bitcoin has already been banned all over the world by all big banks in nearly all countries since 2013 (for over 4-years) and the banks have completely failed at stopping Bitcoin's growth. At a bank, just try to do a bank transaction say its for "Bitcoin" and watch your transaction be blocked for review.
BUT Everyone in all countries are still finding a way to get Bitcoins. They simply never say "Bitcoin" when dealing with banks. People are smart.
Notice how Bitcoin has for years successfully defeated all opposition?
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bitcoin prices are very expensive because they are very small and hard to find while very high demand, this becomes the main trigger of bitcoin price increase.
What about its security? What about its open immutable ledger for everyone to see & check? What about its decntralization around the globe? What about its fair(er) distribution? Above, you meant that its scarce in supply when you say "small" right? |
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Did all this news from Catalonia just die down? ANyone?
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Not just Africa but Nigeria is the leading country bitcoin is gaining the momentum from. Many Avenue and awareness with a lot if local exchangers
How about Zimbabwe? It has been sad news of what has happened in that country. Anyone have any news of how things are going in Zimbabwe? |
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Indeed, literally all Americans except the homeless are considered as rich by global standards. Even richer or wealthier individuals living in poorer countries could be considered less wealthy due to the low level of public infrastructure.
EXACTLY and in all these poorer places the more accessible item they have is cell phone - this allows them to hold even minute amount of savings into a store of value asset that will protect/and grow their little wealth over long-term. Bitcoin is accessible to the poor across the world.Traditional central bank system assets are NOT accessible to the poor: Stocks, Houses/Real Estate, Oz of Gold bars, Bonds. |
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Although Coinbase says it's a partial victory, this is still a very huge concern for 14,000 users' privacy. What other recourse does the community have now if it becomes a precedent for other countries to take government action? Read Coinbase's statement. Coinbase Obtains Partial Victory Over IRSLOL First of all central exchanges all MUST comply with all AML/KYC laws including passing along tax-related information. Second of all, be wary of putting any trust in a Digital Currency Group invested company like coinbase (they sponsor all the spying analytics AML/KYC tools: "Chainalysis" now "Skry" now "Bloq" & Segwit2x.
Know the Bad Actors - Avoid these:DCG = DIGITAL CURRENCY GROUP (Barry Silbert, Jeff Garzik, coinbase, coindesk, blockchain.info, bitpay, bitcoin.com, etc) supports FUD & have/will try to infiltrate & eventually shutdown bitcoin. r/btc reddit thread and (the other) company-controlled bitcoin website (bitcoin.com) also spread FUD but then try to accuse others of spreading FUD, LOL? Why do they push hard on altcoins (bitcoin cash, ethereum, FUD?) Why do they push for forks? Forks creating scamchains are a courtesy brought to you by DCG group of companies led by Barry Silbert with his fellow minion Jeff Garzik and friend Roger Ver. Central banks love to fund their seeders who in turn fund DCG operations so they can get inside the community to circumvent Bitcoin's progress and try to destroy bitcoin via forks, code, media (see coindesk) articles and social posts, funded startups, and flow of funds into exchanges (pumps & dumps). Luckily their attempts have been marked by continuous and grand failures - altcoins... "Bitcoin Classic" failure "Bitcoin XT" failure "Bitcoin Unlimited" failure "Bitcoin Cash" failure "Bitcoin Segwit2x" (BTC1) failure |
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Bitcoin is legal by some countries but some countries still not accepting the bitcoin.
What you think is Bitcoin become legal in all countries?
Hahaha, that's funny - you know its the central banks that dictate all your economic laws in every country right? Don't you know back in 2013 all big banks in every country essentially waged war on Bitcoin? Bitcoin has been banned all over the world by all big banks in nearly all countries since 2013 (for over 4-years) and the banks have completely failed at stopping Bitcoin's growth. At a bank, just try to do a bank transaction say its for "Bitcoin" and watch your transaction be blocked for review.BUT Everyone in all countries are still finding a way to get Bitcoins. They simply never say "Bitcoin" when dealing with banks. People are smart. Notice how Bitcoin has for years successfully defeated all opposition?
Nothing can stop Bitcoin as it reached escape velocity back in 2013. What do you think everyone's been doing for the past 4 years??Today we are probably 1% adopted in the world. Wait until we are closer to 3% adoption in the world. Once we hit 4% adoption in the world, then Bitcoin = mainstream. Let that sink in. |
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What are your thoughts of Bitcoin and how it fits in the larger picture of global fiat base (liquidity)? An excerpt: https://macromon.wordpress.com/2017/04/26/the-chart-that-floats-overvaluation/
"We have estimated a global liquidity concept called the “global monetary base” which is simply the sum of the U.S. monetary base and the world’s official foreign exchange reserves. Since most of the official FX reserves — about 65 percent — are held in dollars most of the global monetary base is in the U.S. financial system."It is a store of value asset that can be easily moved across borders without any intermediary/3rd party that unlike gold, stocks, bonds, real estate, is largely free from any central bank led price manipulation. Bitcoin is ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...why?: If it can be shutdown, and have assets frozen by a bank or government, there would be no value If it wasn't secure, there would be no value. If it wasn't immutable, there would be no value. If it wasn't globally distributed, there would be no value. If it wasn't so strong, open-source decentralized and unstoppable, there would be no value. If it wasn't so scarce, there would be no value. If it was easy to spam transactions, there would be no value If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin"). If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value If it was exactly like fiat and only did transactions, there would be no value. Bitcoin has all the characteristics needed combined to make the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system. |
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