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They couldn't kill it completely, but they can prevent mass adoption by simply outlawing it. Most people wouldn't risk getting fined or imprisoned just to use an alternative payment system, so Bitcoin community wouldn't be able to grow to any significant size. And the second problem is mining - right now it's relatively centralized and draws huge amounts of electricity - together it makes it easy to shut it down. Without mining Bitcoin's price can't freely grow, because mining protects the network from double-spending attacks, so when hashrate is low the network becomes less secure, meaning it's cheaper to attack it, so it can't sustain above certain amounts of value.
they state governments can not completely sabotage bitcoin, bitcoin will always be in a row, if any country is sabotaging bitcoin maybe its country does not want to be a developed and developing country because now is the age of its digital currency and saves the production of paper money. |
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if you don't think so, can you explain how to solve that problem? at least it starts from your selves?
No, until the mentality of our citizens changes. People are used to the fact that everything can be done for money, that they are "allowed to" steal and bribe. We do not even think about how harmful is corruption for our society and government. Everyone hates bribery, but at the same time, almost everyone does it. |
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There is no need to worry like the way we worried days ago when it was not yet clear if there would be a split or not. I think it has already become a forgone conclusion that network split can be avoided. There would be necessary technical changes come August 1 but a split may not already be a part of the menu. Of course, not unless something will crop up like a sort of a coup d'etat.
Yes actually we do not have to worry on August 1st. All you have to do is save the bitcoin in the safe wallet, everything will be fine. If when the bitcoin price drops on a few days ago, then do to buy for sure will now get short-term profits.  |
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Why Is Bitcoin's Value So Volatile? I am confused to buy bitcoin now when it's value is too high.
Try to wait for the price to decrease a little. Last month is the best time to buy bitcoin because it dumps back to one thousands. It is so rare to see the bitcoin price to go back to that kind of price especially with a lot of users.late buying some bitcoin, maybe wait a month or longer. |
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Is Well Educated Nation can be the key for fixing worst economic problem what do you think guys
A well educated nation is the key to successful growth of that nation. Many developed countries today have developed Technologically, Economically,Politically,industrially, Socially...etc |
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WHAT DO YOU THINK OF PRESIDENT DUTERTE and his WAR on the DRUGS in the PHILIPPINES?
for me this war on drugs is the best move that any president did..
this also shows his brave attitude.. NO ONE CAN DO IT but him because of the most politicians are
corrupt and drug money dependant
Yeah for me its a good idea for Pres. Duterte to implement the war on drugs but it has a down side too. Likely here in manila where the drug den is many. |
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While many in main stream science claim to be atheist and believe in the Big Bang and the eventual Deep Freeze due to entropy. Is it not curious to consider that the very underpinnings of this belief is based on mathematics, was it too created in the big bang? if so how was it constructed? one digit at a time?
I think not it has always been there and will always remain its an eternal masterpiece that permeates every conceivable facet or reality yet in its self it is purely abstract. Without it nothing would exist, but it in itself it is nonexistent and existent at the same time. It is the language of the living universe. Its permutations are infinite, yet it did not grow, it has always been complete and eternal.
Within the definition of science as it is defined among scientists, is science theory. Science theory might seem to be fact, it might have lots of evidence, but it is not fact necessarily. When science theory is heralded and believed to be fact, when it is known that it might not be fact, it becomes religion. And in that way science is religion. |
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Your guess?
The internet has made my life as a graduate student so much easier. Research takes about a tenth as long as it did when we had to sit in the library and dig books off of shelves. Now I can just look up articles and download the pdf! However I think the internet has also made people nastier in general. |
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What if it was the sacrificed child of your enemy? What if it gave you secret powers? What if it held the key to world domination? Would you do it? Would you eat another person?
Well, I would say NO, Never. But thinking about if I were lost in a dessert or a forest and I do not have any food or drink except a dead body, I might eat what can keep me alive. Although this situation is difficult to happen but no one knows what tomorrow hides. |
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After the recent news re. BTC China and regulators crackdown on cryptocurrency trading, we all know which direction bitcoin and alt coins are currently heading. I wish to buy Bitcoin and Altcoin when they hit the floor, but i am unsure of when the right time is to enter?
You missed the chance already. Bitcoin drops drastically to $3200 a piece. You should have buy some when the price is still low due to continuous. |
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An area dedicated to discussing the differences of these two terms and the theories supporting them. I'm looking forward to an in-depth discussion on the subject! I've noticed that confusion between the two seems to come up quite a bit on the forum, and thought it may be reasonable to dedicate a thread on the matter. Pulled from a discussion in Wall Observer
Price-Deflation is what you are used to hearing about in Bitcoin. That term is used to describe the prices of goods/services as they decrease, because the value of Bitcoin goes up. Price-Inflation is the opposite. When prices of goods/services increase because the value of Bitcoin goes down. So, when dealing with Price-Inflation or Deflation, there is an inverse relationship of price and value, in regard to goods/services and Bitcoin. Example: As the Bitcoin price goes from $10 to $20, the prices of goods/services goes down from 20 BTC to 10 BTC. As the Bitcoin price goes from $20 to $10, the prices of goods/services goes from 10 BTC to 20 BTC! Why does the price of Bitcoin go up and down? The price of BTC goes up and down based on the exchange rate, or market price, which is set by buyers and sellers, or traders. They directly trade the Bitcoin currency with all sorts of other currency, and even some with gold; the most popular being the USD (US dollar). They set the price when executing orders to buy or sell. I will get into the actual reason of why the price fluctuates in the last section.
Now that we've gone over PRICE Inflation and Deflation (which honestly, to me, is a term made popular by Keynesian's to hide the real facts, as price inflation/deflation is simply the market exchange rate, reflective of the money supply into a currency from itself and other currencies), let's go over the REAL inflation/deflation of a currency (otherwise known by many as Monetary Inflation). MoneySupply-Inflation is when the value of Bitcoin decreases when the total supply of Bitcoin increases. In our current state, this is at a generation rate of 25 BTC every 10 minutes. MoneySupply-Deflation will essentially never occur. It is when the value of Bitcoin increases when the total supply of Bitcoin decreases. This may happen, say, when someone loses their private key and all the BTC associated with it are lost. This effectively "makes the rest of us richer". That being said, there is a SET DECREASE in the generation rate of BTC, so you have sort of a "deflationary effect" in the value, as long as more exchange occurs for BTC at a rate which is faster than that set generation rate. When all 21 million coins are produced, the MoneySupply will be neutral, and the value will continue to increase (prices will decrease, consequently), as long as people continue to exchange in BTC. This leads me to the last section.
What determines the PRICE of Bitcoin? The VALUE of Bitcoin at a particular moment. What determines the VALUE of Bitcoin? The SUPPLY and DEMAND of Bitcoin in the economy. What determines the SUPPLY of Bitcoin? Currently, the MoneySupply-Inflation rate of 25 BTC every 10 minutes, and traders willing to SELL Bitcoin to BUYERS in exchange for other supplies of money (currencies).What determines the DEMAND of Bitcoin? Traders willing to BUY Bitcoin from SELLERS in exchange for other currencies. Therefore: BUYERS, SELLERS, and MONEYSUPPLY-INFLATION (miners) determine the VALUE of Bitcoin, which determines the PRICE of BTC as BUYERS and SELLERS trade based on that VALUE (or supply and demand) of Bitcoin. We don't exactly know the totality of the supply and demand. Sure, we could try and aggregate data from all the exchanges, but we will never be accurate as there are exchanges which can not be accounted for (OTC). The cool thing is that we DO know the MoneySupply rate, and we DO know the exchange rate. From this, we can determine a real value of Bitcoin when simply multiplying the two factors; a sort of inflation-adjusted view of the currency. Effectively, the quantitative analysis of supply and demand is really what the currency exchange traders attempt to accurately determine which is conveyed through buying and selling of Bitcoin, setting a VALUE via the PRICED exchange rate of the currency. On a side note, most of the big Market Makers (FX Traders) use this price movement as a way to make a profitable living, as well. Especially when price fluctuations are a consequence of hype or fear (bubbles, cliffs), not factual supply/demand data, and are wildly out of the real price range. Thus, if you analyze the proper macroeconomic data in an attempt to forecast future DEMAND for more Bitcoin (price increase), you will realize some very interesting things, and have a more accurate picture of where the price is going... Happy trading!  Therefore: BUYERS, SELLERS, and MONEYSUPPLY-INFLATION (miners) determine the VALUE of Bitcoin, which determines the PRICE of BTC as BUYERS and SELLERS trade based on that VALUE (or supply and demand) of Bitcoin. We don't exactly know the totality of the supply and demand. Sure, we could try and aggregate data from all the exchanges, but we will never be accurate as there are exchanges which can not be accounted for (OTC). The cool thing is that we DO know the MoneySupply rate, and we DO know the exchange rate. From this, we can determine a real value of Bitcoin when simply multiplying the two factors; a sort of inflation-adjusted view of the currency. Effectively, the quantitative analysis of supply and demand is really what the currency exchange traders attempt to accurately determine which is conveyed through buying and selling of Bitcoin, setting a VALUE via the PRICED exchange rate of the currency. |
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People are simply fixated on material goods and many are eager to get as much money as possible in a dirty way. It is necessary to develop spiritually and not to do a bad job.
Well, the things is not all people who asks for alms can't work. They are lazy, first of all, they can still find a job. It's not true that it's hard to find a job, |
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Guys post here what are online games you played!
The best online game i played is. RF Online games (MMORPG).
What is yours?
Pacifica Online, clash of clan Dota and Warcraft are my best online games but it is dota 1 not 2, i am oldhead guy. |
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God is the ultimate power that made and controls the universe. We humans and our earth is just an example of gods creation.
There's still a lot we have no idea about. God is the invisible force that makes the universe run.
I would like to question those who consider God as something that is purely fictional. |
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I have seen many ways to earn bitcoin, and still not familiar with some of it. I am a student and I wanna ask how to invest in bitcoin, and if students like me are capable of doing that already?
Please share your thoughts. Thanks.
I think you can get a lot of information in this forum on how to get bitcoin, you can get bitcoin without buying with your money by joining bounty campaign and some sites offering cooperation to get bitcoin reward but if you have more capital you may invest to Bitcoin. |
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Can I ask why people are not honest. As in, why is it that people don't keep to their words even when they can do so? Can't I just do business with someone without signing papers and get lawyers and witnesses and still keep to my words? Can't we get trustworthy people anymore?
Many times in life it pays to be dishonest, this can be for monetary gain or simply for having to avoid difficult situations that may arise by telling the truth. In actuality there are some situations in life whereby it is actually beneficial for everyone to lie . |
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What if it was the sacrificed child of your enemy? What if it gave you secret powers? What if it held the key to world domination? Would you do it? Would you eat another person?
Well, I would say NO, Never. But thinking about if I were lost in a dessert or a forest and I do not have any food or drink except a dead body, I might eat what can keep me alive. Although this situation is difficult to happen but no one knows what tomorrow hides. |
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How can you tell if your boyfriend/girlfriend loves you?
Below are the 10 major signs to consider :-)
1. The way your boyfriend/girlfriend look at you.
2.Love is kind, If he/she is not kind, that is a bad sign.
3. He/She wants to meet your family and friends :-)
4. He/She notices things about you that others don't.
5. Your hapiness is his/her happiness.
6. He/She misses you when you're apart.
7.He/She keeps you in the loop.
8. He/She is there for you even when it’s inconvenient.
9. He/She doesn’t give up.
When the first thought he or she has in the morning is you, that's when you should know that he or she is in love. Again😊. |
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I certainly do
No because aliens is fantasy |
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Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?
I think I've seen similar threads already. Yes it can, but it depends how you understand improvement. If you expect it to make the country richer, better situated economically, compared to the rest of the world, I doubt it. Though I think it can improve the distribution of wealth among the people, which in a way improves the economy. Bitcoin has a unique feature that allows people to work outside the system, which is very important in poor and corrupt countries. You can sell your knowledge and time in the Internet and receive instant payments from all around the world, without the need to pay transfer fees and without the need for permits from your local government. You're also not pressured by prices of your local competition and can keep your business in relative secrecy. |
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