Yes, keeping our bitcoin within our control must be the right way and I am believing only with bitcoin and not with any others business. Maybe I will start believing in to my own skills to have my own business but definitely I will not invest anywhere else just to grow my bitcoins. Instead of investing it would be better like donating our bitcoins to poor.

I just wonder what would be the advantage of mixing blockchain technology with a centralized system.

I believe this must be a basic controversy as blockchain technology is being used in crypto-currencies just because of having a trustless system. A centralized system cannot be a trustless system so obviously it does not require to record transactions in blockchain. They can simply have a system similar to Paypal.

Mr. Satoshi had mentioned about "Reclaiming Disk Space" in his abstract itself. I am not sure about why it is not already happening as we do see everyday the size of blockchain is keeping on increasing.

Here is the abstract on bitcoin system : https://bitcoin.org/bitcoin.pdf

In my understanding it has not been implemented yet as cost of storage does get decreased over time.

Only if we are able to make right decisions then we can be productive with our trading and having very big capital amount like 1000 bitcoins will be possible. The accurate decision making skill will be possible only after having some experience. But traders before having those skill, they usually do plan up to stop trading.

But I don't think all the traders will be similar to you. Because I have seen many traders are into trading just to recover their losses which had happened to them in many different ways like they had failed with their business and got many loans for their basic life's needs.

As long as becoming a trader without any hidden reason will be giving many moral support in psychological way yes you will be able to trade without any stress as you will be having very peaceful mindset.

Almost every investment will be turning into best when we are giving them enough time to groom. And it is particularly true with respect to bitcoin investments. I have seen many stocks had changed as life turning best investment to some of the investors only when they were holding it for some longer periods. Obviously bitcoin will be having huge price levels in upcoming years due to its limited supply. Hence it will be a best investment over time.

As long as you will not be getting disappointed, the chances to make trading as a profession remains at its highest levels. Some people are getting frustrated and quitting gambling in the beginning days itself after seeing some losses in those days.

Trading will not disappoint us if we are having enough skills but we cannot expect to have those skills in the beginning days itself.

I think your statement is a little contradictory as if you believe that bitcoin is our long live partner then how can I die soon, to me bitcoin is going to remain forever and hope that bitcoin will also become one of the most popular currency of the world and people will use it as fiat currency in their local markets.

In fact fiat is still the need of the day, as the basic infrastructure of bitcoin are not available everywhere, and most of the people still do not know about bitcoin therefore they are using fiat primary and those people who know about bitcoin they are admitting the importance of bitcoin, they use bitcoin for most of their online activities as bitcoin is more convenient than fiat for online related things.

Yes I think that is the problem most of the people are facing, but to me I think there are a number of online shops who provide delivery services and you can just order stuff form their store and they will deliver it to you at your home.

And for local shops you need to introduce bitcoin in your area, so that people may start using it and if the number of bitcoin users is increasing in your area then people will start thinking about bitcoin business and will start accepting bitcoin in for shopping in their shops.

Very nice and I think in these three groups majority of people are playing gambling for making money, a little number of people may be using gambling for entertainment purpose, as it is my personal experience that the majority of people I know play gambling only for making money, I myself play gambling to earn more and more money.

Hi BoXXoB,

What will be the rule for disqualification ?

I checked OP, no mentioned about it.

Only a rules for NOT getting payments.
I made some 10 posts for 2nd round and I will not be expecting payment for that. But removing from camp seems too harsh imho.

I like to suggest you to follow Yahoo's rule of disqualification :
Failing to meet payout for TWO continuous weeks makes a participant disqualified.

As my PC was crashed out, I was unable to complete 30 posts. I believe I will be all ready for next round.

Requesting you to consider. Thanks.

There are a lot of examples in our daily life, people try to stop gambling but they only succeeded for few days or months and start it again, therefore I think it will be a good decision to fixed a limit for gambling and try not to exceed that limit. Only this way you can reduce the risk you losing a big amount of money.

Yes, I also have a low income, but still I will like to say that I am still happy in my job as I have controlled expenses so I can manage and fulfill my need in such a low salary, but still I am also looking for some good job so that I can also save some money for my future, as I am not a government  servant therefore I am not expecting pension from government so I need to manage and save money for my future.

Some time you can ignore your wishes specially when you have limited amount and cannot afford to buy all the things you need, but when have a decent income then it will be too difficult to control your self from buying things you wish even the unnecessary things.

So you need a good strategy to control yourself from purchasing such unnecessary things that you do not really need and can save some money for your better future and for your decedents.

Actually if something cannot happen doesn't quite mean that its a bad or worst idea. If you see that bitcoins are lost everyday and every minute and if that continues a time will come when most of the coins would be lost.

But still I think that while its good to recover lost coins but the amount lost is not too significant and if lost coins would be recovered so easily how would they learn ?

Yes comparing all the features then yes its fastest else paypal you can do with one click transactions but the reversible nature, plus verification and moreover the anonymity is lost since whatever transactions you will do paypal knows and will reflect on your transactions While with bitcoins you are secure and anonymous though recently transactions have been a bit slow comparing to old times.

Honestly I feel this is pretty impossible to ban bitcoins because bitcoins cannot be traced so suppose any country bans bitcoins how would they know that someone is using bitcoins because its quite impossible to trace any transaction.

Moreover banning would mean actually that government does not support bitcoins, which right now also most countries do not.

The more places that accept bitcoin the better. Specially when some place formal like this accepting bitcoin means it is going mainstream and as long as they do this it will get more known and get widely accepted. Business school students already must be familiar with bitcoins still this will boost bitcoin adoptions for sure.

How could “no one” spend bitcoin. The point of bitcoin is to spend it like any other currency or commodity people have . Worst case scenario , we do not spend gold anymore but gold has value , and it always goes up . So it would be like gold where bitcoin has worth but not spend daily.