Right now, there are around 50 million to 100 million Bitcoin users around the world. Let's say that the Bitcoins are distributed uniformly, which means that there is an average of BTC0.16 available to each user. This is the mean value. The median may be even lower and most probably somewhere around BTC0.001. Now considering that the average fees is around BTC0.0005, decide yourself whether the fees is high or not.

Do you even realize that Bitcoins are now even legal in India? Just two days back the Reserve Bank of India (RBI) warned the Indian users about Bitcoin usage. They are also devising plans to tax profits from Bitcoins, and from what I have heard they are collecting user data from various Indian exchanges including Bitxoxo and Zebpay.

I would say that over-population is the most important reason, followed by alcohol and drug addiction. If you could implement strict population control policy across the whole country, then more than 90% of the problems will be solved. Alcohol addiction can be solved through the creation of more jobs and awareness campaigns targeted at the youth.

A lot of countries around the world executes drug dealers and Indonesia is not the only one. Even developed nations such as Singapore and Qatar executes drug traffickers. And they have solid reason to give such harsh punishment for drug dealers. I will tell you the simple solution. Please refrain from trafficking drugs, at least when you are visiting these countries. Fair enough?

Forget about the solar flares and asteroid hits. The chances of something like that happening is like 0.000000001% per year. Please concentrate on the real problem. The main issues which we face right now are global climate change, increasing pollution levels, and uncontrolled population explosion. We should not get diverted from these main issues.

Is Alexei Navalny even participating in the presidential elections? I heard that he is barred from running for the post of president. So it is going to be a cakewalk for Putin. I am an admirer of Putin, but at the same time I don't like his pro-immigration stance. Putin has allowed Russia to be flooded with Muslim immigrants from the Central Asia.

Don't you know why people consume alcohol? In most of the cases, they want to become unconscious so that they can forget about the painful things. Same here as well. The advantage with drugs such as Spice and Flakka is that it is quite cheap, and it gives you a kick which lasts up to 24 to 36 hours.

I have always felt that minimum wages are against fair competition. If the requirement is abolished, then more jobs can be created. The rate of unemployment will get reduced and the government can cut back on welfare spending. If you feel that you are not getting paid enough for a particular job, then the best solution is to resign from that job and find another one. Plain and simple.

The number one reason is that they are lazy. They are not ready to do the hard work, and therefore they are always looking for the shortcuts to get money easily. The second reason is that they don't have any morals or ethics. They don't feel bad in stealing someone else's money. It may be genetic, or problem with the upbringing.

There is a solid reason for the unequal distribution of wealth. You can expect a person who is having just primary education and an IQ level of 60 to have the same level of income as someone with a Master's degree and an IQ level of 120. It also depends on how hard working that person is, and how much he is keen on learning new skills.

The ongoing Islamist insurgency has tarnished the reputation of the Philippines in front of the international tourists. The army might have won the battle of Marawi, but it will take many years for the tourism industry (especially that in Mindanao and Palawan) to recover. This is exactly what happened to Turkey in 2015-16.

You can't survive without money, because it is impossible to be self-sufficient in everything (unless you are living along some naked tribesmen in the Amazon jungle). Even barter will be of limited use, since what you are having in surplus may not be in high demand all the time. So I would say that you can try living without money for one or two days. It can be fun... but don't try it for more than that.

In that case, they should be isolated from the society. If the state is not capable of putting them behind bars for the rest of their life, then the death penalty must be seriously considered. Another option is to physically emasculate the rapists and then release them in to the society. But even that can be quite risky for the civilians.

I completely agree with your post. Israel has been controlling Jerusalem ever since 1967, when it single-handedly defeated the Arab alliance. The Palestinians lost the war and therefore they should keep quiet. If they have a problem that, then they are free to immigrate to the 50+ Muslim nations around the world, such as Saudi Arabia and Kuwait.

I believe in an eye for an eye logic. So if someone kills a person who is important for me, I will seriously consider doing the same to him (provided that is 100% legal). If it is not legal, then I'll leave it to the authorities. But I don't think that anyone should be given the right to take another life, just to satisfy their anger and emotions.

The future Bitcoin prices can be somewhat accurately predicted by studying the following factors:

1. The change in the number of people using Bitcoins
2. Incidents of hacking of Bitcoin exchanges
3. Change in legality status of Bitcoin for various nations.

I have checked the list of transactions included in the recently mined blocks. Most of them are medium sized ones (with estimated value ranging from $100 to $1,000). These people are paying anywhere from 2.5% to 25% of the total amount as fees. Transactions with a value of less than $100 have almost disappeared from the picture.

It is quite possible. Right now, Bitcoin is used by some 50 million to 100 million people, and it is having a market cap of close to $250 billion. That means that 200 million to 400 million users are needed to take it to the $1 trillion mark. Or you can say that if 1 billion people use bitcoin, then the market cap will rise to somewhere between $2.5 trillion and $5 trillion (which is still less than the market cap of gold).

There is no guarantee that the prices will increase for ever. Since the futures trading has started, the prices are more likely to go up. But you can't be sure. There will be bears who would like to short-sell the futures and then try to manipulate the prices on various exchanges. I am expecting $40K by the end of this month, but won't be surprised if it dips to $5,000 per coin.

If I am not wrong, then the Bitcoin options listing in CBOE is about to happen within the next few hours. So we can expect a major bull run for the next 2-3 days. Then there will be some calm (and perhaps a correction), and the bull run will resume on 18th December, when the futures listing happens in CME. I am expecting very high rates by the end of this month, up to $40,000 per coin.