It has become an investment vehicle more than a tool that is replacing fiat. Almost all regulations covering cryptocurrencies are also related on it being an asset/investment rather than a transactional currency, so not much has changed. Price wise, it has changed drastically, though I think it's an improper metric to gauge whether bitcoin has become successful or not.
Overall, I'd say bitcoin changed for the better, at least when comparing it to 1014 market conditions.
in terms of price as of now, it's still not good for everyone after we experienced the bull run last year. We are all waiting for that to happen again. Cryptocurrencies and ICO's will rise up again. Just dont lose hope and keep on supporting Crypto to have more investors. Everyone might be waiting for the next bull run but that certainly will not improve the reliability of the cryptocurrency because the bull run will not continue for life, meaning crypto will still end up struggling after the end of any bull run. The most important thing is to be bringing up an idea that will strengthen the cryptocurrency through more acceptability globally. This is the only way forward to building a sustainable digital asset that we may not need to wait for the bull run in which later hot crypto and bring negativity to crypto at large. |
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First, to start with, transaction speed has not been a major problem in cryptocurrency because it depends on how congested the network is. meaning the speed can be fast today and might not tomorrow. About crypto replacing fiat.This is another area in which many projects have make their goal but for me, I do not think its possible for crypto to replace fiat due to large amount of people globally who do not have access to internet not to talk of those that do not know what cryptocurrency is all about. some that even know are complaining about how complex it is to understand.
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#Proof of authentication
Joined campaigns: Signature & Content
Bitcointalk username: thesmallgod
Telegram username: @thesmallgod
Files.fm username: thesmallgod
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Your Xch4nge username :
Bitcointalk username :
Link to your bitcointalk profile :
Forum rank :
Current post count :
BTC address :
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You do not have enough reasons to call the project a Scam. Is the project having roadmap, if they do, then that will give you an indication of when the project will be listed if they do not have setback. Listing a project in good exchange take time and for the project, it is very good to first build a working product before listing because if they rush to listing the project, it might get dumped and not recover again. I participated in a project called Buzzshow a year ago and up till now, they are still delaying the listing.
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the fact that we have many shitty altcoin doesn't mean altcoin are useless. I know the reason you said this is because of the current state of crypto market but I must tell you before this drawback I have really seen many useful altcoin e.g Bitdegree. many of them are created for a purpose and ones the market become unfavourable their usage also will be defeated which make them look useless but they are not. Aside so of them that created without tangible reason, I can boldly tell you altcoin are not useless.
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Nigeria is always fast in adopting and catching up with anything that can increase the standard of living. cryptocurrency has been source of livelihood. crypto has actually put the smile on the face of nigerian than the government. fast adoption has always been because of high internet presence. Nigeria is among top 10 internet users in the world. However, buying goods from local store using bitcoin is one of the challenge. it is very easy to see merchant that accept bitcoin as payment for services but not goods.
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This is what the sudden pump in 2017 has caused. During that period, a lot of people enter into crypto investment. Even those who know little or nothing about crypto too. Their aim is to drop a certain amount of money and get double in few days. When you ask many of them how blockchain technology works, they become adamant. The fact still remain that, despite BTC not rising again as wanted by everyone, blockchain technology has continue to witness increase usage worldwide.
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at the moment the success of any ICO will depend on the amount to be raised. ICO with high capital needed to start a project might not even reach softcap. this is because few people are investing in ICO this day. However, I strongly believe that any serious Project should not focus on getting all the money required to start the project from ICO. after all, we still have so many crypto project that are being developed but do not offer initial coin offering
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A project can be decentralized in term of the development but when it become adopted by third party, they introduced it into centralized system in order to have control over the system. this is exactly what is happening to bitcoin. The developer (i.e Satoshi) is not even known but people make use of his discovery and turned it to what they can control. This is exactly what we are witnessing in many exchange platform today but research have also shown that people prefer centralized exchange platform than decentralized one.
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I do not think crypto being regulated will make the price drop. When it is regulated. everyone will have clear understanding of how to use it and what can be used for and most importantly a lot of businesses will make use of it more especially those people that have interest but they are scared that since it is not regulated it is dangerous. I think reason why people doesnt want it to be regulated is that they do not want government to know the source of their investment
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Wait, I think he need more elaboration to his story, spending on whores, 100 escorts, food and travel, that sound just like any generic story shared all over the fb, who know he may just come out with a piece of fake story
Well the story may not be through because I do not think the person is feeling remorse for his mistakes but the most important thing is the lesson that we all may learn from his post. Somehow so many people in one way or the other must have make similar mistake in the past. It might not be the same way as it happen to the Op but to me we should learn not to be easily controled by money. however is controled by money is a slave of money |
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it is not actually only crypto that is addictive but even money. You must have noticed when you have money, your mind will be occupied on things you want to buy which of course you are not thinking before when you lack money. Amount of money invested is huge so I am not surprised that he made such a huge profit. I am very sure I will be regretting now if he chose to leave all the investment on crypto up till this moment. However, One major way to reduce lavish spending is to have a plan what you want to use your profit for before you get it. For me would have invested the profit in Real Estate business.
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when people says bitcoin is difficult to use, I always look them as someone who doesnt want to do anything by themselves. As much as you are educated, you do not even need anybody to tell you how to use bitcoin because it is very simple. nobody teach me anything on using bitcoin before i started using it. On the other ones, it is true that there are some set of people who are very far to catching up with the technology. despite bank introducing cashless policy, there are still many customers that cannot make transaction on their bank app
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your idea idea is good but i do not think the technology can be restarted. What you are actually saying can be compare to saying a baby which has been born should be reborn.The only solution to this is making idea another project that will work to bridge the gap between the existing blockchain technology. knowing fully well that there are alot of project working to improve the performance or the lag that exist in the technology. most especially the consensus algorithm.
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Well, there is some project that has a team that includes people that can manage bounty. So in order to save cost, they may decide to manage the bounty themselves. The fact that the project is managed by a high-rank member does not mean the project can not end up as a scam. We have seen this in the past where bounty being managed by notable bounty managers turn out to be a scam member. A copper member account is specifically created for such a project that gives them an opportunity to wear avatar and perform many other functions
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Sorry for your lost coin but I do not think you can retrieve or get back your coin. The rate at which people get hacked through electrum wallet this is day is alarming and I wont advise anybody to use the wallet. Since you said you do not update your wallet probably the wallet in your system has been affected by malware that automatically change your sending address when you want to send coin. Also you have not told us where you initially downloaded the wallet. If it is not directly from electrum website, that might be the source of the problem you have experienced.
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If truly He said this then I think this is good news because it come to show that many of these social media developers are beginning to see the potential of bitcoin not only this, the statement shows that he must have gone through the whitepaper or must have read many stories about bitcoin. I hope very soon we shall witness another cryptocurrency revolution where crypto will become the dorminant currency that will be generally accepted not only on the internet but for making payment in an offline merchant store.
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