|
No much gain saying on this issue. It is very much obvious that Government does not want Rival in the discharge of its duties in the Economy which they Govern, and most of them are seeing BTC as A rivalry tool on line because it is deregulated. Another issue is that revenue or Tax to be charged against any BTC Holder is not made possible based on the Amity and its peer to peer nature of operation. Hence, the revenue drive is being hindered. Owing to this, waging war against BTC is very much eminent, though, I believe in less than the next century, BTC would have dominated if not totally out casted even the Fiat money by the Government regulation.
|
|
|
|
|
An interesting part of this Blockchain Technology which I cherished and and adored mostly is the Transparency integral part of the system, where the work of one agent is viewed or can be viewed and vetted by every other agent at the BlockChain for Accuracy and Accountability purpose for same targeted result.
This alone is what the Economy needs, when no funds can be siphoned or altered for self aggrandizement. Then the economy becomes fair egalitarian cut shot of being regressive or unevenly funds distribution across all Development or human quarters in the Economy.
|
|
|
|
|
If for the purpose of lack of Electricity alone, alternative solution like employing the use of Generator, Sound proof especially in case of Industrial mining and other Diesel/petrol use Generators in cases of Individual or Private mining of BTC can be effected or implored. However, if it now bugs on the issue of Internet, I feel I'm short of words in such Economy, The miners or Users of BTC can only keep their stored funds safe in paper wallet or Hardwares such as Ledger Nano S and wait until this issue is resolved. Or better still implore the assistance of trusted friends in another country they travel to if the situation now becomes obligatory.
|
|
|
|
|
Very unfortunate on the Guy's part to have lost so much, because having such amount of Bitcoin mined at 2011 is a lots of money now. Pathetic enough, I doubt whether this wallet can forever be traced again unless through pure intervention to the Guy. A very good reason or lesson learnt from this is to always back our wallet up especially when it is already storing larger amount of Bitcoin. Better still is the employment of Hardware Wallet such as Ledger Nano S.
|
|
|
|
|
There is none of them without its risk, but I can prefer to invest in Bitcoin more than in a Bank where I can not control their mode of operation on what they do with my money since they are backed by regulation and guided by their laid down policy which may however go against my wish but I got to have no choice when I'm in. It should at the same time be noted that investment in Bitcoin should or must be with adequate knowledge or experience because it is even riskier than Bank investment, but you have the total full control of your fund based on its decentralization and deregulation.
|
|
|
|
|
Ignorance is the worst disease. Most of these people are quite stacked illiterates with respect to Bitcoin whether they are educated or not, since they cared less to make findings or researches into what exactly is this Bitcoin and its mode of operation cum its effect on the economy. But yet, they can perceive the Bitcoin Users to be doing good with respected integrity. I feel illiteracy mostly due to negligence or ignorance cum FUDs which is a major barrier are the causes behind these people terming Bitcoin to be Ponzi scheme.
|
|
|
|
|
I foresee that most of our Topmost Ranked Personnel on this platform cared less about the BTC Transaction fees declination, probably because they have earned much BTC than to be considering the common Transaction high fee or lower fee involved during trading which is nothing to them.. It is an indisputable fact that most of us are very glad about the news, since one can be able to buy more and deal more for future benefits with this regard since there is no how you will want to trade little BTC without considering the Exchange fee involved since some of us are still managing to swim and place well our heads above the sea level.
|
|
|
|
|
Since it is very hard to know the actual percentage of Bitcoin Wallets Users when the Statistics are not publicly revealed, I can only from experience in the Economy where I belong and based on the Crypto friends within my reach gives Account that Electron had a greater percentage than any other is just my own simple observation.
|
|
|
|
|
The difficult decision making process coined out of the Decentralization effect is not solely saddled with the community hands. The Big whales out there are also another major factor militating against or in favor of this Decentralization effect of decision making saved the community before we can witness the counterbalance scenario.
In the other hands, any Alt coin witnessing to be highly moving faster than the mother Bitcoin is either A Scam shit gaining communal patronage with maneuverability to its advantage at the community's detriment obliviously to them and flee after satisfying maximally its initial quest for greed objective. Or A coin that shall get crashed when the communal interest couldn't be met again at the long run.
I can hence infer that no coin whatsoever can forever outweigh Bitcoin in the Market because it is the Driving Wagon for all other coins.
|
|
|
|
|
Your situation is very pathetic my Guy. Actually, no one of sanity would rather advise you to flaw the Laws of your Holy land which may definitely have its reason for doing so. However, there are many ways to bail a Cat. Since Bitcoin is Decentralized and anonymous, you may earn your Bitcoin but never transact them at all in your country. Hold them probably in your cold Wallets until such Ban is lifted, or trade them in another Country entirely if by chance you travel out and transfer them to a friend's Accout where you per adventure traveled to if he is well trusted and get them traded for you. Best luck.
|
|
|
|
|
That is a very good observation to take note. Though I have not been keenly looking at it from the date angle as you have just spotted the 6th of every June. Nonetheless, everybody's expectation with the various predictions geared towards BTC value upsurge by this month of June . The value had not been very comfortable for us all, over few months now, though witnessing range of stability to outweigh all FUDs and blockages from externalities. But I also feel it's high time for it to hike, but I presumed that it might not be as high as $9,500, may be something nearer my opinion. With our optimism, Bitcoin shall surge up soon.
|
|
|
|
|
Well, we all are still very much optimistic that the Dip can never be permanent or go beyond adaptation value. Owing to history and past records, you should be able to recall and recap that Bitcoin Price based on it's volatility is undulating in nature and changes inevitably could suddenly surge from its dip without prior notice. Therefore, we are concerned only on the progress of Bitcoin and that is why we are all sticking here and on the field based on our optimism, and are all less bothered with respect to it's value declination.
|
|
|
|
|
Despite that fact that many Super Computers and sophisticated machines are initializing day by day, Likewise, Bitcoin animosity and encryption techniques are simultaneously accelerating making it very difficult for these Unscrupulous Hackers to penetrate into Bitcoin stores and wallets, unless where there is loopholes caused by negligence and carelessness on either the part of Exchangers and or individual Holders of Bitcoin. The onus therefore lies on Holders to keep tight to safe their wallets. Pass-phrasing could be useful where necessary, while external Hardwares could maximally be employed where mandatory. Summarily, I can't ever give in that such Computers could Hack Bitcoin just on the neutral ground like that.
|
|
|
|
|
I am doubly sure you are not yourself speculating the death of Bitcoin and still stay active on this forum. For crying out loud, Bitcoin is very much abstract in nature and the faith or our believe in it keeps the flag going. Many Bitcoinners are here, many more are generating day by day, and you are still saluting the negative aspect of the field. No matter what Dip that might have been slightly eminent in Bitcoin, it's still very much obvious that it is rising back to higher volatility of bullish scenario where all FUDs shall again be laid to eternal rest.
|
|
|
|
|
Faucets are fair to some extent but can not earn you big as you are aware. You should however ensure not to put all your eggs in one basket in any case you want to start trading. Meaning you should not invest all your total capital on just one coin aside not biting more than what you can chew[Don't invest what you can not afford to loose]. Additionally, Diversification also make a lot of help, where you divide your capital into about two three coins you have researched into for Trading. So that the Dip of one could be raised by the hype of the other. Lastly wear the cloth of risk to avoid panicking. Best luck.
|
|
|
|
|
If I can get you well, You mean after these tokens are paid, you are forced to hold them probably if they are yet to be listed at Exchanges for Trading, which may now probably pull down the values of the Tokens over time waiting. You seems to be right to a certain level, in a situation where the tokens are not listed yet living you to your faith. And this is the more reason why I tried in most cases joined Bounties that are ever long existing at Exchanges or try as much as possible to select ones with adequate information as to when they shall be listed given. By this, I can decide from my intuition whether to apply for them or not. Hence, I cashed them out as soon as they are paid in most scenarios.
|
|
|
|
|
Show Posts
