If you're asking for the fee structure of various wallets, then maybe this link can help you out. http://cryptorials.io/bitcoin-wallets-comparison/Most pay a network fee but some bear the cost but have different pros and cons. A search for "eth wallet fee comparison " should bring out similar results for eth and so on.
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One of the most basic principles of financial management is to put aside a small portion of income away as savings.
It may seem like the rich just seem to splash their wealth carelessly but those who built their wealth are usually thrifty and don't put all their eggs in one investment.
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Perhaps the correct question to ask is which tech companies support blockchain technology? Totally agree that merely accepting crypto as a mode of payment is simply not good enough to count as support from a tech company. It's the most individuals and small businesses can do but tech companies who have put their weight behind it?
There are other companies though, that may not qualify as tech, but who have Innovation and Tech Departments who are putting huge financial backing into researching and developing blockchain.
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If you are a business owner or you know someone who does business online, then you can help speed up adoption by accepting bitcoins as payment for your goods or services.
Myself as a freelance writer, I am always offering that option to clients when I quote now. So far, other than for very small jobs in places such as these, I have not yet received payment for my services in bitcoin.
There is hope though. It took years for clients in my country to adopt paypal and now at least a third of people in the creative industry in my country accept paying out through paypal - some exclusively.
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Watch out if the 1 per cent decide to only use an altcoin or combination of and force merchants to only accept that for rewards.
They will never be worried. If they give btc no value then it has no value to them.
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As a matter of ideal, I doubt very many people "believe" in fiat but as a matter of practical principle we all need money to survive. Hell we even need fiat to get involved in crypto.
So like it or not, believer or unbeliever, we all hold on to fiat because it lets us live.
Besides, how many of us would truly choose to abandon fiat and descend into financial anarchy as a revolution before establishing whatever new order we think is fit?
Only the desperate would and we are too far removed from desperation as we are discussing this on forum haha.
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I'm with the side that thinks Trump win had little to do with btc move, it was just an effect of the dollar.
If anything, it will be a full term before Trump administration has any resource to divert to priorities such as bitcoin. It's volume in trade is impressive but not nearly big enough to warrant attention with more pressing issues at hand.
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You've done and asked the question before you are prepared but no worries.
To summarise what you need to do in a few steps:
1. Put down you business in a simple description easy to understand.
2. For every aspect or step of your business, prepare details for interested people. You need to be able to describe exactly how each step works.
3. List the cost of each step so it is clear what the funding is used for.
4. Accounts/bookkeeping. Show your cost and profit history.
And think of questions ppl will ask and have an answer ready in an faq sheet.
Good luck!
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It would be a horrible dream if all the people "investing " in their hordes of bitcoin would one day find there is no fiat anymore and everything is done with bitcoins. As they wouldn't be special anymore. Then some crazy Japanese in the future would create the notion of physical, paper money and it will be all the rave. I paper money worth 10000 btc.
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Just holding on to 80% seems like a sound investment to me. I wouldn't mind parking a third or so into an exchange or casino bankroll investment.
1 coin is still too small to start anything serious though!
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For the price to drop that much it would take unlikely acenarioa to happen in the short term. The only reason it would plummet like that would be loss of confidence by holders or massive regulatory restrictions.
So let's face it, if btc drops to $100 any time soon, you'd be thinking thrice about buying up.
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ETH is probably paying the price right now for the network issues it has had in the past 2 months (the network attacks).
It's just the rattling of confidence more than anything else. as btc eases down in coming weeks, ETH will ease up.
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my quantity of BTC bought remains 1 to 2%, or even a bit more, greater than the amount sold.
You sound American? That's not the way it works. The selling of an asset is a taxable event. You figure out your net profit or loss based upon the price you paid for the assets sold. At the time of the taxable event. You don't get to figure out net based upon what it takes to replace that asset in the future. Sure, there are accounting details such as LIFO or FIFO and whatnot, but the fundamental calculus is what it is. IANAL, etc. What if bitcoin is seen by a government not as an asset or property but merely currency? Or does it not matter as it is "sold". I know in places currency exchange is only levied a service tax.
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keyscore indeed, the vast majority of users are still people who own less than 1 bitcoin like myself so even a transaction fee of 20k satoshi feels like a hit to me. The fact is, more and more users are choosing a wallet based on network fee rather than security or ease of use.
Imagine that web based or micro wallets are now the choice as you mentioned.
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Thanks for the useful information sithara, I will try and find more recent research perhaps a study of trend can help with some issues blockchain is facing.
Cryptix easy stats, care to share a source?
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One thing porn likes and thrives on in fact is credit card users simply because of higher retention and repeat revenue due to subscriptions. It also affects affiliate stats.
You can't trigger auto payments from bitcoin.
What should be marketed to the adult industry is bitcoin's irreversible payments. That potentially reduces fraud due to chargeback costs.
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Do what people do with money. Find new needs or create new needs, make bitcoin the way to fill that need.
Keep creating demand for it and spread its use. Simply telling more people about it and encouraging it will help.
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captcha issue for me also it seems. It happened yesterday and I thought to wait 24 hours but it is the same problem. Reloading and checking and unchecking the ad box has not helped.
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At the moment, it hasn't helped me with my necessary, day-to-day life in the practical sense. It has helped me find an alternative to fiat gambling, however, but that's just an added avenue of leisure and I could do without easily.
I hope to change this soon in a few ways:
1. My next employment, I will set aside a small portion of my monthly wage to be paid to me in bitcoins as a sort of diversification of currency.
2. The knowledge gained from reading and discussing bitcoin helps me catch up on fintech developments, which hopefully will aid my real-life career.
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Let's face it, the majority of miners (we must acknowledge the few who still volunteer their hashpower to nominal fee transactions) are in it for profit.
They first have to offset their mining costs (which is still mainly a fiat cost) and then think about a percentage to take as profit for their work.
Since most networks calculate transaction fee in the cryptocurrency itself, and as a percentage of the output size, then the coin's value obviously will come into play at some point. For example, if BTC drops to $100 today, the current minimum network fees would probably barely cover costs of most miners. It's possible increasing complexity has a bigger role in pushing up coin price than we estimate.
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