Can Russia or China done such a thing to erase the dominance of the dollar over the world?
Generally, there are always governments behind such technologies. For example, StuxNet
Russia and China as well as other countries can replace the dollar currency if there will be financial collapse in the United States. Another thing is for China and Russia to join hands and bombard America with Nuclear bombs then the dollar currency will lost its value when that happens. But instead of thinking of such negative things let us just wait for the natural movement of the economy to dictate who will be the next universal currency. Stuxnet ha? that only delayed the inevitable and also went back to bite them in the a*s If those 2 countries nuke USA there will be nothing left to have an economy for. both of them are free to mine bitcoin but we can only have one bitcoin not many. On top or under you can get scr**ed regardless, dollar be the dominant paper money or something else it's all the same.
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With current growth rate and considering the past analysis bitcoin has in theory the potentials of reaching $2150 next year if everything go as planned smoothly. or you could just be a bystander and just act as a carrot stay behind and end up empty handed, this is the best time to accumulate.
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Lucifer and Crawly king of hell lol. Are you sure we would've ended up like ETC/ETH? like everyone could profit 10% on their stashed bitcoins instantly? I think not. good thing about open source always majority wins but if you put it that way then the majority is the central authority only with the exception that everyone is free and capable to join or become part of the majority.
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Oh yeah definitely! maybe a country with more than 50M population, in that way their currency becomes more valuable than diamond. Not to mention the lack of liquidity will be their demise if not lack of taxation.
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If all people were to be interested in same thing then we wouldn't have different ideas with many differences, not everyone supposed to understand everything. even those understanding bitcoin are not yet into it. a very compelling reason would be the digital world which is man made and anything man made can be manipulated by them so it's the nature of human kind not to trust and or pay attention to such concepts.
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There is no such a thing as bribing or forcing in a consensus system, people simply offer some changes and while all options are on the table the majority of miners and nodes decide which one to pick. governments only could use their almost unlimited resources to overpower miners and nodes and include new changes to main source code(aka centralism) it's their habit. also bitcoin isn't even version 1 yet and has a long long way to develop and reach it's true potentials.
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Other than the rigged slot machines and wheel of fortune? only in dice the ones that are provably fair, I also hate sport betting and will never try it.
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Unfortunately bitcoin is not meant for mainstream by the looks of it, ever since Satoshi left the community to themselves they are divided and hostile, trying to sabotage each other not knowing it's hurting the system, atleast another 10 years is needed because without a strong community everything we do is futile, governments and their central banks are too powerful for a community of less than a million people.
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Bitcoin, ETH/LISK/XMR/DASH all with potentials, though you should never listen to people only, go and take a look in their sites to see what are they offering.
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One thing about cloud mining is only good if you are using the legit services and keeping the mined coins for at least 6 months. If you don't want to use cloud mining then better to mine your self, yes it might not be profitable at current price but think about it what was the price 6 months ago?
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Register an account in yobit.net deposit a few bucks in bitcoin and try to check altcoin's history and forum threads before blindly buying them. C-cex.com/Cryptopia.co.nz are your other options as alternatives to yobit. coinmarketcap.com also is a good indicator to see which coins are on top.
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Not necessary for the ecosystem, when you could easily and conveniently exchange to your local currency just by a few clicks why would you need to pay with bitcoin?
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What do you care? be grateful that you are involved in the future technology, did you know smart phones existed 30 yeas ago? but now we only have access to them since 10 years. however I think Satoshi wanted to make a joke by saying microtransactions is needed but same time made the small space for blocks. every car has it's limits when comes to speed, are we really going to limit ourselves to 3 tx per second? if yes then we are asking for a better version with better engine yet keeping the old car?
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If a few individuals stop f**king around and reach a consensus about some serious changes in the code, because of a recent jump in hash rate and the never ending competition of miners, soon price will go over $1k.
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More than what? you can earn money by working and if you want more money then work more, if you want to have more money than you've worked for? you'll need to steal/scam/con people, and if you think investing could earn you extra cash then please tell me where that extra cash comes from? From someone else's pocket, where did they get the cash? by working and spending time, but if they are going to buy something in order for you to earn more, are they going to profit as well after buying that item/product? if not then you just scammed them to have more money for yourself.
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Not the price but value, also depends if comparing the price against different currencies and items. bitcoin is scarce more than anything. In fact you could never estimate the exact amount of gold in the world but you can see from the start that there will be only 21m coins. That alone is value for bitcoin.
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Could someone please tell me how exchanges are going to know if they receive stolen bitcoins? is there some kind of alarm going off when they are deposited?
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i think this is not happening right now..... i don't know any company which can pay their employee using bitcoin or receive in bitcoin but i think in the future that may be possible......
How could you not know? you are participating in a company's advertising campaign and getting paid with bitcoin. Problem isn't in people not willing to accept or pay with bitcoin but governments rules and regulation makes it unpleasant to do so.
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Where do you guys think money comes from? I know the answer, you simply plant money water it and money tree grows, also ladies carry things more valuable than money on their chests and between their legs, so can you make va**na out/from va**na? Satoshi meant for the same thing when developed bitcoin, people working and earn money still being able to prove their ownership by POW. We don't have anything called as real money that could have value on it's own but we provide a token/paper/coin/item that is the proof of work.
In traditional economy nothing is fair, someone could earn $10k just by doing 80 hours of work sitting on their a**es while someone else could only earn $500 doing even harder work in same amount of time, in bitcoin mining though everyone is doing the work equally and earns equally and if they want to earn more they'd work harder than others. this is the concept and is the fairest way of distribution of wealth.
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I just finished reading everything OP wanted us to read and here is what I've got: 2^100 = 1,267,650,600,228,229,401,496,703,205,376. Now give me my Nobel prize! because I'm him>Satoshi.
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