After spending much time as a guest on this forum learning all I can about Bitcoin, I finally decided to join. Glad to be here and thanks for all the great advice along the way!
Now I have a question I'd like to ask. Is Bitcoin going to get to the point where it is too big to fail? The government bailed out Wall Street to avoid a financial collapse. Can Bitcoin gain the same status as Wall Street? The market cap is steadily increasing making it a big player in the game and I'm looking forward to where it is headed.
Thanks in advance!
In order this to be thru, BTC should get at least 10 times more market than it has now. In my opinion right now the BTC is highly speculative market with a bublle ready to burst nit not yet. I think it will burst at 10k and there will be noone to rescue us form blood shed. In other words, no, it wont happen . |
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I am using online ETH wallet with multiple security levels. Unless you do not have tiny amounts of invaluable coins, this is a way to go. Also there are some coins which needs special wallets and be aware that you need to scan your wallet if you receive unknown tokens to particular wallet in order to effectively view them.
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They dont know what is it yet.
There are a lot of misconceptions like that its is used only for criminal uses.
They cant control it , the anonymity and lack of taxation when citizens profit from their investment.
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I think that its sad if the community cant make update on our beloved BTC, since it needs it, badly otherwise it will just will not become nothing more than asset.
I believe that change is needed in order to go forward an add value to BTC.
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What would you do when you're talking to someone but then he suddenly talks about his hatred on Bitcoin, what would you react to it?
I've never actually experienced anything like this before, I just want to be prepared when it happened to me.
Hate often is lack of understanding . I suppose you have to behave as in any other such situation. Depending on the hateful person , possibly i would explain him the technology. |
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Guys, I think its too early to shout out about scam. If you wont receive the bounty in the time frame of 8 weeks, you will have a legitimate reason to do so. I think that they have a lot of things to do now, show to people that they have working product and when they do, the price will rise and you wil get more out of your tokens. https://medium.com/@Centra/centrember-centra-techs-big-november-84a77eacbf78 |
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Being anonymous is the primary idea of blockchain technology. Trust is more present in paypal than here in the forum. Paypal are use for shopping and transfering money worldwide unlike bitcoin which are use in trading and investing on ICO platforms. Both of them have different use so I think either of them are to be compare to each other. Maybe they can be in one platform in the future. Who knows?  is the anonymity the primary idea? Or is it decentralisation? i think the 2nd one. See the original Satoshi paper https://bitcoin.org/bitcoin.pdfHe does not speak about necessity of anonymity buy changing the electronic payment system. |
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Both but i would agree more with statement that it is a asset since there are a lot more promising cryptos for currency purposes. Because BTC is relatively slow and has expensive transactions.
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There are several good explanation here what is hard fork.
But I think that it is important to note that they do not happen just because they can and someone wants.
Forks is attempt to upgrade chain. Upgrade means to change it in such way that it benefits the chain.
In case of BTC there has been a lot of talk about how slow and expensive the transaction are thus the need for change.
But the fork is dependent on community, community has to decide if it will happen, the most say so is given to those who has the most mining power.
I hope that I did describe it accurately enough to help with understanding.
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No, because they are two different things
Paypal is just a payment processor, which supports many currencies
Bitcoin is a currency, and your wallet a payment processor
In my country for instance, one cannot use paypal because of the risk of fraud so there are things that we cannot purchase online because of it.but with the emergence of bitcoins, we can easily buy the things we want online with the fear of order being fraudulent. So a means of payment in this scenario bitcoin has overcome Paypal. About which country you are talking about, im curious. Blockchain does not resolve the problems regarding payment for products. If the payment is maid, it is not reversible and YES, seller is protected. But how about the buyer? How buyer can be sure that seller will not scam? There should be 3rd party for assurances or some-kind of block-chain technology that allow to encrypt the deal in such way that buyer has protection also, for example he could release the money himself from some kind of smart wallet when he has satisfied with service. |
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I found it strange to state the amount that you have collected in 72 hours while posting this on the first day
yes,exactly my thoughts. if its true , I think it would appropriate that they would make publicly available information about the transactions. |
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Of course i can make some serious cash with the right ICO but if i buy the tokens in the first hours of listing on exchange i can double that cash!
Understand?
No, this makes no sense. I have seen several good projects which loses their value very fast after hitting the exchange. The best bet would be to buy after this initial dip, off-course there are risks. But if the project is good, the price will pick up eventually because real investors will come in In my opinion the most of dumpers are people who got those coins/tokens by supporting the ICO for bounties.
So people behind ICOs should understand that it is not a good move to reward helpers with tokens of the ICO.
What is the average bounty for any project 1-3%? Lets assume that half of that is dumped right away, 0.5-1.5% cant be enough to be responsible for 10, 20,30 and more % downwards motion. They are the initial big investors. |
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Thats nice statistics but they do not recognise what PayPal s transactions stand for and what BTC transactions stands for. I think that majority of PP transactions is for merchandise but in case of BTC most of transactions is for investment and trading purposes. |
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I doubt the electric companies would allow those users to use the company’s power grid independently; and it would have to be nearly impossible to set up your own physical power grid (both financially and getting the rights to build on the roadside).
Right now In Europe , at least in northern EU, it is allowed to give your energy back to the gird and get paid for it. But there is bureaucracy and also the price what they give is smaller than price which we pay when we buy from them ( at least that was some time back when i was researching this problem). Also our market recently underwent somewhat decentralisation in some sense. From beginning of time we had one electricity company which dictated the price. Now we have several and also possibility to buy solid payment plan or chose to risk and buy from something like stock market.
In the present day however, the energy market is undergoing a major shift from an established dogma. We need to observe, and accept the major disruption happening... Disruption is a fashionable and often abused term, which is particularly apt to describing whats happening in energy though.
Numbers are what really counts. They are facts.
Lets use a concrete example. Italy.
The Italian energy market only ten years ago had only thermal power and imported nuclear power from France and Switzerland.
Today out of 137 Terawatt/hour of yearly consumption in Italy, 38 % comes from solar and wind!!!!
That's a MASSIVE disruption!!
It was incentive scheme based, so privileged, but today we've achieved grid parity with renewables. They are cheaper than any fossil fuel, even coal.
Decentralization is a reality! Its not tomorrow.. Its NOW.
Batteries will only accelerate the process.
If you look at other European countries the business case is even stronger. France is the real bomb, sitting on nuclear reactors which all need urgent and major overhaul and that often don't make any more financial sense. Renewables will be the only answer. And they are exploding in Europe. I work on this every day. I'm not guessing.
This very interesting information regarding shift to green energy in South Europe. But Thats south, they have crucial ingredient SUN! I do not see how North could go green in such extent as South. Yes, we have Hydro, we have wind. But it is not enough if the South cant supply us with clean sunny energy, It think, the way to go is Nuclear. If its used responsibly , it is 100 times better than burning coal and 10 times better than burning wood, diesel and gas! That all being said, the biggest challenge is to implement the block-chain in heavily regulated and lobbied market. I hope that individual bold and brave governments can lead the way with successful pilot and commercial block chain products. |
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Giants can fall and have fallen in financial world also. And how you can crush something that is decentralised and can operate in shadows easily? I don't think bitcoin will overcome PayPal People need protection when buying online  Many scammers online and you can't get your bitcoins back if you make a transaction with one I agree that we need protection but I see and hope that we will have block-chain technology that allows us to have buyers and sellers protection which is not PayPal. Their fees can be huge. They do not care about customers in many situations, they have their algorithms which limits accounts and do not care if one has legitimate reasons. ALSO if you haven't heard, PayPal have been used to SCAM sellers in several occasions , buyers use buyers protection to scam sellers. PayPal do not require proof they just refund the money and do not listen to reason. |
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Heard that 47bank project is one of the speakers on RIGA COMM http://rigacomm.com/en/program/ conference. Will be definitely attending , excited to hear what they have to say and learn more about their project. |
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Hello,manager!
I have updated my signature according to my rank - Full member and added avatar.
Thanks.
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Hello,manager!
My rank has been promoted.
That means that I have to change my signature,right ?
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I think there are a lot of ICOS with big potential but there are few that have caught my EYE.
From Energy sector.
1) Prosume energy
2) Grid +
Both are serious about working with energy sector to make it better. And they dont seem to use the word "Energy" as excuse for their ICO.
From other projects I like ALLOY, in my opinion very good and solid idea with real implementation in our economic society.
And ALSO CENTRA which ICO has ended but nevertheless, it has solid plan and already progress to show .
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I seriously want want this to happen! Paypal have made my life miserable in several occasion, their zero tolorence policy on several matters and policy of not giving No reason of their action is disgraceful!
i understand that there should be some regulatory , at least in a sense where buyers are sellers are protected but that s all we need to be successful small and big entrepreneurs.
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