First they didn't compensate miners 1:1 that had above 50K ABJ which are fairly mined. They only wanted to give 500 ABJ which was unfair and it's not a 1:1 exchange. Also You will not be getting your ABJ or if you should have spent money to purchase ABJ then it's gone since they are not interested in having you or anyone else to hold a significant amount of ABJ because it removes the control of price out of their hands.
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Assuming the internet goes completely down, Bitcoin will be rendered useless because all transactions, trading of bitcoin, buying and using bitcoin to pay, all these happens with internet, so you can't do anything if the Internet goes down. However it's something that can't happen and i can't believe the internet will ever go down, imagine fully shutdown internet across the whole world.
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I do not see real money disappear because of bitcoin, because if it does happens, Every known economy will surely die off and our governments would definitely struggle. However we know Bitcoin is also highly volatile in price so we are looking at a fluctuating income, a retirement fund and so on. So, I can't see a world without real money. Both fiat and bitcoin could work hand in hand, but Bitcoin can't take fiat's place as next currency.
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In cryptoworld nothing is 100% secure, Everything has possibility of being hacked. Though it really depends on how much you are ready to take care of your wallet, there are a lot of ways to do this. One of which is 2RF code.
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Yes, it is indeed risky to turn all your money into bitcoin. Instead of turning it all, it is better to invest about 50% of it. It is highly expected that you’ll get a lot in return in the future.
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To be honest, Bitcoin has the potential of becoming the best mode of payment. It is secure and quite fast. On top of all this, only you can manage your transactions – something which gives you more freedom.
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Yes, risk is peculiar to whatever that will bring gain, however, the risk attached to bitcoin is unpredictable, as it may even not even come. Above all, its fortune tendency is greater than its any risk that may ever be envisaged.
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Not at all, saving fore future is not greed, ut is proper planning for tomorrow.
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Bitcoin security is a Internet based security so i think it could be hacked if hacker want .Finally i want to say that for your BTC security you can use blockchain and you should be alert about your password, you won't share your password with anyone.
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For me it is a big part of my life and a great opportunity to make rich. Also bitcoin is a strong currency that can control other cryptocurrency.
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In spite of the amazing advances in home office color printing technology,most national governments take a fairly dim view of you producing your own money.With bitcoin, however, it is encouraged.You can certainly buy bitcoins on the open market,but you can also mine your own if you have enough computing power.After covering your initial investment in equipment and electricity,mining bitcoins is simply a case of leaving the machine switched on, and the software running.Everyone would like their computer to earn them money while they sleep.
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