Day by day, Bitcoin is getting recognized and accepted as a means of payment and any other transactions around the world. And just recently, another foundation publicized their acceptance of Bitcoin as a donation option. Tony Hawk Foundation have added Bitcoin for their donations. Just to give a short insight about this foundation, Tony Hawk the pioneer of this foundation is a professional skateboarder who aims to develop and improve the society through building free skateboarding parks in different communities around U.S. He focuses on improving the society by helping youths to shape their childhood and even their passion. The foundation started accepting Bitcoin payments last 2019 through BitPay and OpenNode. Reports said that he started learning Bitcoin back in 2013. Hawk being not only good at skateboarding but also aiming to be also good in the crypto space. He will also be a speaker on a 2020 Bitcoin conference in San Francisco. "Bitcoin is another new option for donors because we know that the people who intuitively understand our work are much more likely to be using Bitcoin. We try to stay aware of where our supporters are and be aware of the methods of payments they plan to use" said by the executive director of the foundation. Source:https://bitcoinist.com/tony-hawk-foundation-talks-bitcoin-and-skateboarding/
Believing that most or plenty of their supporters are millennials and can definitely understand by thiis group of people because most of their supporters know about cryptocurrency that's why adding crypto option is a good move to encourage more to help the foundation. It's great to see more organizations are trying to accept crypto payments. Although not everyone will donate using Bitcoin or not everyone knew about it, it's already a good thing because with this they're also helping to promote Bitcoin while giving positive image on bitcoin itself. What's your thoughts about this?
PS: I'm not posting this to promote the site, I just want to share the news with everyone. Just as I have stated on other similar threads in the past, the mass adoption of Bitcoin is inevitable no matter how long it might take which is largely due to government backlash on Bitcoin and other cryptocurrencies. Having the big foundation accept donation in Bitcoin is another huge step to mass adoption of Bitcoin and this is good news for the entire crypto community around the world. |
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Everyday people lose access to their wallets, send Bitcoins to wrong addresses. It results in Bitcoins being lost forever. In the meantime, there is no way to prevent it.
So, let’s suppose that Bitcoin would exist forever. It means that at some point there won’t be any coin left in the network…
I know there are other implications/discussions about Bitcoin supply. But I’d like to limit this topic to this concern (Bitcoins lost).
Is the 21M BTC supply promise realistic?
Even if more persons should misplace their private keys, send their bitcoin to wrong addresses or even pass on without reveling their keys to their loved ones, Bitcoin as far as I aam concerned will continue to exist even if only 1 BTC is left in the world. I based my opinion on the fact that Bitcoin comes with 8 decimals. So if only 1 bitcoin is left in the entire world, it will still be enough to be used for p2p transactions and as a store of value . |
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When I knew about bitcoin, it was about 10,000 USD. I started understanding how it emerged and how it works. I did (and still do) my best to promote bitcoin too (include my purchase of a branded bitcoin shirt). Though the increase of bitcoin between 2009 - 2019 is the biggest increase I've ever seen, nothing got me as weak as this (a thread Laszlo made on the 18th of may 2010) I'll pay 10,000 bitcoins for a couple of pizzas.. like maybe 2 large ones so I have some left over for the next day. I like having left over pizza to nibble on later. You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but what I'm aiming for is getting food delivered in exchange for bitcoins where I don't have to order or prepare it myself, kind of like ordering a 'breakfast platter' at a hotel or something, they just bring you something to eat and you're happy!
I like things like onions, peppers, sausage, mushrooms, tomatoes, pepperoni, etc.. just standard stuff no weird fish topping or anything like that. I also like regular cheese pizzas which may be cheaper to prepare or otherwise acquire.
If you're interested please let me know and we can work out a deal.
Thanks,
Laszlo
Reading thought this, I felt somehow. First is because he was doing that just to promote the bitcoin. Second is that he offered 10,000 bitcoins for it. 😕 Since I went through that post, I've been feeling weird though I learnt something but....... That is touching 😔 I know that many people are focused on the 10,000 bitcoins (wishing they could get it) but then, let us ALWAYS PROMOTE BITCOIN. Laszlo served as a very good example here by trying to use bitcoin (22/5/2010) to purchase pizza (and obviously, his goal was achieved as bitcoin is now used for purchase). Let us all find a way to promote bitcoin! It is for "us"! You have made a solid point. Everyone that trades or use bitcoin today only do so because they are aware of the immense potential it holds. Though the Man in the center of this write up did not realize that that 10000 Btc would be worth real fortune in the future, he play a huge role in spreading the bitcoin brand to lots of persons. It will go a long way if every bitcoin enthusiasts play its part. |
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I had a discussion with my parents earlier, saying that they want to start operating our milk tea food cart. We had the cart ready, materials for making the milk tea and so on. Instead of waiting for June or July until the new school building opens, we decided to put our business in a mall rather than the school sooner than later.
My dad was a traditional business style guy. He kept failing because of not being creative and innovative, and sometimes ignoring my suggestions and advice. However, this time, since I am into crypto and blockchain industry, he was thinking about displaying a Bitcoin QR code.
In the city that I lived, there were no businesses yet who accept Bitcoin payments. They do have QR codes, but mostly from a centralized provider and not crypto-related.
I already have my mom's Bitcoin wallet verified, and may need to upgrade it to a Business account as it needs business permit and other requirements necessary. It'll be used for the business anyways.
I think this is going to be a worthwhile experiment, and a great way to start letting people aware about Bitcoin. Maybe I should put some creative promos for those who will buy milk tea using Bitcoin. What do you guys think?
Before taking decision of this nature, you have to do a proper analysis of bitcoin acceptabilty or usage around the environment you wish to site your business so as to have a clear understanding of what to expect. Meanwhile ensure you have other payment gateway so that non-bitcoin users can also patronize you. The idea is great and can really help your business grow . |
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Your notion of when Bitcoin goes up every other cryptocurrency does the same is not always the case as far as i know. There are often times bitcoin bullishness causes massive dump of other currencies and when bitcoin is bleeding others also bleed. My advice to crypto investors is to spot a very good project and invest what you can afford to loose. |
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Going short or long has got me so much money but at the same time, it makes me too bold.
Now what?
Stop doing it? or Start diversified investment in Stock?
or Not at all?
What to do with ones fund is subject to individual decision. Margin trading nonetheless is more of a gamble where the possibility of loosing all outweighs the possibility of winning big time. It is responsible not to go all in when it comes to margin trading as the risk involved is too high. It is better to diversify your cash into other sector. |
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Peter has always spoken against Bitcoin and this time around he has found another opportunity to riddicle this wonderful gem again. When i saw the tweet yesterday, I laughed. How can a man highly knowledgeable claim that the wallet forgot his password? It only goes to show how desperate he really want to rubbish the spectacular nature of bitcoin. One thing is for sure, Bitcoin always win |
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According to the recent price chart, Bitcoin's move has been very similar to Gold's move.
Recently, after Trump delivered speech, the price of Bitcoin and Gold both went down.
And there were other cases that Bitcoin's move follows after Gold's move.
But is this still enough to say that Bitcoin moves like Gold?
I think the bitcoin market and that of Gold are two separate markets which are different in several ways including their market centiments. Price movement of Bitcoin is very much different from that of Gold. Your observation in their movement recently might have come as a coincidence but that shouldn't be enough to conclude that both market follows the same pattern. |
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I noticed that certain country may charge tax on earning from Bitcoin trading...
20% tax on it. I think this is quite ridiculous.
That means govt sees it as a lottery.
What do you guys think?
Taxation is one of the major source of revenue in many countries today. As far as a person earns money such person is obliged to pay his or her taxes. If a bitcoin trader earns profits from its trading activities, he or she is duty bound to pay taxes to the Government as this will aid in development of the society. Hence taxation of crypto related activities is highly supported by me. |
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From the inception of this litigation, i have known Craig isn't Satoshi and has no private key of any wallet holding such amount of bitcoin. This litigation was birthed just to hype BSV and cause a pump which he has however achieved in the past few days. With this recent development, it is now clear that Craig isn't Satoshi and would never be Satoshi. |
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The wechat attitude to Bitcoin and other cryptocurrencies is not new to crypto enthusiasts as businesses such as facebook once kicked against Bitcoin but today they have become strong advocate of digital currencies. Wechat will not be different, soon they will begin their support for Bitcoin. Whether they like it or not, Bitcoin is here to stay |
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In 2008, there was a huge economic catastrophe in the world. Some banks conspired and deliberately caused this economic disaster. This is why many people were financially disadvantaged and lost their trust in the bank. I think Satoshi made bitcoin to save people from this disaster. That is, Satoshi has created a currency where there is no third party. There will be no central bank. No one can control it. Customer to customer transactions can be done. While Bitcoin has no controller, no one will be able to intentionally disrupt its finances. Bitcoin introduced a new horizon to the world's economy and freed people from this economic catastrophe.
So I think this is why Bitcoin was created. Is that the only reason? Or are there more reasons? What is your opinion?
You reason for the creation of Bitcoin is valid but i believe there are more reasons why satoshi created Bitcoin. Beside trying to create a boarderless currency with no central bank control, the speed and flawlessness of transactions made through blockchain i think was also considered. Whatever the reasons might be, Bitcoin is here to stay and make great impact in the financial space |
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In 2016 the halving was early July. Depending on the exchange, the price was as follows:
May 1, 2016 $453
June 1, 2016 $536
July 1, 2016 just before the halving $677
The price increased about 50% from May 1 to July 1 just before the halving event.
Should we expect something similar this time?
Previous halving came with price increase and i think this will do same. The current rise in price of BTC is not connected to the halving news in my own opinion. Nonetheless, as we approach the date, there will be a significant increase in the price of BTC as halving is a major event. |
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I think in this modern age the question of “which currency should I own?” is something a lot of people that I know ask themselves when it comes to purchasing currency. There are a lot of choices to choose from such as US Dollars, Chinese RMB, Japanese Yen and many more, those are mainly fiat currencies. However, all those currencies stated are all controlled by banks that regulate their value and are heavily affected by financial crashes such as the one in 2008. As a result sometime after the financial crash of 2008, Cryptocurrencies such as Bitcoin and Ethereum were created in order to have a currency that isn’t regulated by the banks and relies on how much trust we put into its value. Here are some reasons why Cryptocurrencies are better than fiat currency.
1. Cryptocurrencies are now becoming more accepted as a means of trade worldwide.
A few years after the introduction of Cryptocurrencies such as Bitcoin, people around the world are starting to see Cryptocurrencies as a trustworthy means of transaction which means that you can go to most countries which basic Internet infrastructure and do business transactions using your Crypto Wallet whether a digital one or a physical one which means that you don’t need to call your bank in order to make your account accessible to when you go to other countries as Crypto Wallets are accepted anywhere where Cryptocurrency transactions are being made.
2. Cryptocurrencies have top-notch security and cannot be easily fooled
Cryptocurrencies use blockchain technology in order to make sure that there are no inconsistencies when it comes to transactions. If there are any inconsistencies with the transaction, the blockchain will reject the transaction and your money will still be in your Crypto Wallet.
3. Cryptocurrency transactions are secure transactions
As stated earlier, Cryptocurrencies have top-notch security using blockchain technology. They also keep all transactions on record anonymous as the only person who knows their Crypto Wallet Address is yourself and wherever you post your address link to. You can keep generating new addresses if your previous Address is compromised.
No matter how long it might take for it to happen, cryptocurrency will come mainstream due to its advantages over fiat money. For example, the current fiat money used around the world today are restricted within territory while cryptocurrencies are boarderless in nature without any form of restriction. Another solid advantage is the ability to easily search through records of transactions within its blockchain. This are just to mention a few. There is no doubt that cryptocurrencies will be generally adopted in the near future |
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His prediction on Bitcoin hiting the six digit figure to me was something that would never happen in the near future. Just as he stated it was a move to hype bitcoin to newbies and onboard a whole lots of new folks to cryptocurrencies and its underlying blocking tech. It was expected for mcaffe to go back to its words
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Proof of Authentication
Signature campaign
Bitcointalk username: Garyrowe
Telegram username: @Osaod
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With the rate of fluctuations in the price of bitcoin, i dont think responsible institutional investors will put in much when there are less volatile assets out there. Imagine the fall in price of bitching from almost 20k dollars to about 7k dollars now. Such drop scares away individual investors and instructions investors as well. |
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