If that's even his name. Just read the bitcoin wiki on him and I'm amazed. Nobody knows him.
Long time passed since he last posted in here. Why? "Busy"? I don't think so. He was active when bitcoin needed support but since the slashdot...
Also, it seems has knowledge in many areas, especially economy. He doesn't act like the average human. Not taking advantage out of his creation, leaving without telling anything. Is he even a single person or a group?
How can someone create something so great and not stepping out to get the credit?
No one knows.Bitcoin is the first (and currently most valuable ) cryptocurrency in the world. There some who believe that Satoshi is a nickname for a group of developers rather than a (single founder )has remained one of the great mysteries of the crypto Era. |
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Seeing as the world governments has opened their eyes for crypto,
and now cracking down on ICOs, exchanges, and crypto in general..
I fear that crypto already has been breached, and is controlled and manipulated by the 'banks'.
Since crypto is theoretically unstoppable, instead of fighting against the system, they could simply have obtained a large amount and
can keep the price controlled, and never allowing an outbreak bad enough to damage their system?
with 'banks' I'm referring to the banking industry/very rich people in general, who one way or another
profits from the current economical model, often by being middlemen, or 'earning money from nothing'.
By ruining the reputation of bitcoin/crypto in general, the average person would likely never touch it.
If p2p currency ever was adopted worldwide, it'd be a huge change for the current economical model, which of course, many top players wants to prevent.
What are the things that could happen? What are the alternatives?
Creating a new currency wouldn't work, if we assume that the banksters would be aware of it and therefore they could get a controlling part of it.
So we're 'stuck' with bitcoin, and can only hope that the coins itself are spread enough to not be controllable?
They can't stop the growth of the currency. The currency is growing and developing day by day.They're left with no choice but to engaged their selves here. |
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Seeing as the world governments has opened their eyes for crypto,
and now cracking down on ICOs, exchanges, and crypto in general..
I fear that crypto already has been breached, and is controlled and manipulated by the 'banks'.
Since crypto is theoretically unstoppable, instead of fighting against the system, they could simply have obtained a large amount and
can keep the price controlled, and never allowing an outbreak bad enough to damage their system?
with 'banks' I'm referring to the banking industry/very rich people in general, who one way or another
profits from the current economical model, often by being middlemen, or 'earning money from nothing'.
By ruining the reputation of bitcoin/crypto in general, the average person would likely never touch it.
If p2p currency ever was adopted worldwide, it'd be a huge change for the current economical model, which of course, many top players wants to prevent.
What are the things that could happen? What are the alternatives?
Creating a new currency wouldn't work, if we assume that the banksters would be aware of it and therefore they could get a controlling part of it.
So we're 'stuck' with bitcoin, and can only hope that the coins itself are spread enough to not be controllable?
They can't stop the rapid growth of the currency. The currency is developing and growing day by day. They will have no choice but to engaged themselves here. |
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Why bitcoin is votality compare to fiat money. Many say bitcoin is not a good investment because it is votality.
What is votality?
liability to change rapidly and unpredictably, especially for the worse. this is the fast price change.
Why is the votality of bitcoin high?
Bitcoin is a low supply at the time of its growing number of users and it has become a demand for the masses. Many want to buy, Many want to sell in easy-word multiple transactions. When many bitcoin transactions are fast market movements and we do not know what might happen because of the emotion of the seller and the buyer may have the price increase or decrease. So the bitcoin is votality because of the small supply and in-demand.
Why is fiat money not too volatility?
Because the government is able to regulate a traditional money, they can make new money and just increase its supply so that it does not have a votality compare to bitcoin.
Note: This is my only opinion, if you have any opinion you can also share it.
Customers are affected of the fact that bitcoin price could drop in no specific day that caused panic waves and volatility. Bitcoin is a digital currency that's why it's prices are unstable. |
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I want to make some investment in bitcoin. but considering the market condition, I am confused that what percentage i should invest in BTC.
Could you please suggest the percentage I can invest in BTC safely? The rest of my investment will be placed in alt coins.
Of course to know the effects of bitcoin is your first way. Just buy bitcoin and wait for Bitcoin price to rise then sell the bitcoin you have so that you can get the profit you want. |
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Do you think that Bitcoin has become too slow to compete with the relatively quick alt coins out there? Is it realty competitive to have a slow community rather than a centralised decision making in development?
In other words, does the community effect of decentralisation enough to counterbalance the difficult decision making processes?
In my own opinion, other coins cant compete with bitcoin because as far as I know some of the coins are just relying on bitcoin. Eventhough they passed the price of bitcoin, we cant deny that they are just made after bitcoin. |
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Could anyone help to analyse what's the impact to crypto market if we meet global crisis again this year or next year? In the situation that the crisis will be even larger than 2008.
As is known in 2008, the global economy meets liquidity problem, hedge funds and banks sold their positions to get money.
So if we meet crisis, shall we assume that these institutions/individuals will get money back from crypto market first?
I dont think so. If we meet crisis then I think it is hard for them to get what they had lost because we are still on a crisis. I think crisis can affect our market especially when it become worse. |
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What make bitcoins different from all other cryptocurrencies of the past?
Can you please specify what kind of crypto currency are their in the past that was made first before bitcoin was made. Because as I know bitcoin is the first crypto currency that is made successful. Correct me if Im wrong. |
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I was making a list for my team on how to stay away from Crypto scammers, and thought I would just share it here as well.
Here are the type of Crypto scammers that I have encountered
Type 1. ICO as a SCAM - (More info contributed by: tosindesign)
There are ICOs that are only designed to get your money. Once the ICO is over then the pages are taken off the net and the makers of the ICO disappear with the money. The last case we reported was LoopX, but this is not the only case.
How can you protect yourself?
1. (by: tosindesign) Generally there is no 100% protection here. A good indication for a scam is there is no team mentioned on the website or whitepaper. Although everything is very superficial and promised a lot, but after reading the white paper is not clear how that should be possible.
2. (by: GeckoTrader) One of the best things to do to avoid ICO scamming is to learn and back read all information about that ICO. As they always say " More knowledge is power"
3. (by: GeckoTrader) The team should have been communicating to the community.
4. (by: GeckoTrader) Always they should have an update from their company. If you sense something fishy do not hesitate to ask question from them. In that means you can confirm whether they are legit or just a bunch of scammers.
Type 2. Scammers who sell FAKE COINS (name / coin code is same but coin generating contract is different)
How to protect yourself: Check the contract address of these coins, if it came from the same contract address
Type 3. Social media scammers - Would post like "I will send you 50 ETH if you send me 5"
How to protect yourself: This is an easy one, they all are scammers. Dont even respond.
Type 4: Identity theft scammers - These guys will contact you as CEOs of ICOs or Social celebrities, usually banking upon the names of a famous person
How to protect yourself: Try pinging them from an another ID of theirs (say if scammer pinged you from Telegram, drop them a message over their facebook ID) and ask them to check that message. This would work as a Two-Factor-Authentication for that personality.
Type 5: Malicious code Trojans - Like Wordpress or Chrome plugins, that would use your machine to mine for crypto currencies, using your machine for the same
How to protect yourself: Try not to do plugins or replace them with cloud powered services, OR, Install only trusted plugins, with loads of reviews maybe. I wont be surprised if these trojans take shape of free downloadable games or cracked softwares downloadable for desktop or your mobile.
Type 6: Online Seed Generators (contributed by: tosindesign)
For some wallets (eg the IOTA Wallet) you have to set your own seed. In the case of IOTA, this is an 81-digit password that must consist of uppercase letters and at least one 9. Since some did not want to generate a password themselves, they resorted to online seed generators. These generate you by mouse click an 81-digit seed. However, as it turns out later, a few of these seed generators also stored the generated passwords, The stored seeds were then later used to steal the assets of the investors concerned. You have to know that the seed is something like the master key that allows all credits to be transferred. A thief does not even have to have access to your computer on which the wallet is installed. The seed is enough to access your balance on another computer.
How can you protect yourself?
Never use an online seed generator! When generating an 81-digit seed, all you have to do is push 81 random keys on your keyboard.
Type 7: Phishing website attempts (contributed by: tosindesign)
Scammers would copy exact replica of the websites (wallets, exchanges) and try to get you to login, thereby recording you password. For example, the page Blockchain.info was copied to get the logins. You have to know that Blockchain.info also offers a wallet service where Wallet could save your bitcoins. If Google users searched for “Blockchain info” in some countries, they ran a Google ad that led to Blockchaina.info, a cheat site that has nothing to do with Blockchain.info. The site was a 1: 1 copy of Blockchain.info and was only designed to get login information from users. There are also similar attempts to MyEtherwallet.com and other sites.
How can you protect yourself?
Never click anywhere on a link to a page where you want to log in. The best way is to bookmark the pages and just go over the web pages. In addition, you should always look for the SSL encryption. There will not be a page that stores important data from you and is located at http: //. All pages should now be encrypted SSL and have a https: // domain (although the pages can also be accessed at http: // they will redirect to https: //). The SSL certificates will also show you every browser, for example by a small lock symbol.
Type 9: Used Ledger Nano (contributed by: tosindesign)
At ebay and in other marketplaces there are always offers to buy the Ledger Nano a bit cheaper. This is particularly interesting now, where the Ledger Nano S is sold out and will be available again in one month. There have been cases in the past when users bought a used ledger on ebay and the seed from the ledger was already filled out. Anyone who has not owned a ledger to date will hardly register the difference. Of course, the previous owners have also noted the seed in these cases, which then allows them to get access to the crypto currencies that the new owner stores on the Ledger Nano S.
How can you protect yourself?
If you want to use a hardware wallet like the Ledger Nano S, buy it directly from the manufacturer and make sure that it is still original packed. The enclosed note on which you can write down the seed should never be filled.
Type 10: Airdrops that ask for personal information (contributed by: StarKay)
There are hyped up airdrops that may ask for KYC information, that may end up being used by scammers / hackers.
How to protect yourself:
Think of your personal information as an investment as well. Research who you are giving your information to and why that ICO will need it
Type 11: Identity theft via Social Media - (contributed by: darkangel11)
You have to realize what they want from you. In the end it's always your money, while in the process they may want some personal data, a phone number, whatever they can get into.
How to protect yourself: Never willingly give anything. Don't share your real social media accounts with random people, keep your email addresses to yourself and if you have to use them make sure to have burner emails. What are burners? Not necessarily emails created for every forum and project. Just emails that don't contain your personal data and that you're not using for online shopping, banking and so on.
Please add more below, or share your story.
Bitcoin scams are becoming increasingly common, so you should stay vigilant. Before making any moves,you should research the products (are they safe and fairly priced?),and what's it's reputation?)and consider the proposal (what's the plans compensation structure? ) |
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In the G20,approval of the Bitcoin is 15 countries,more than the half,
in this view,we still have the faith in Bitcoin,
at the moment,maybe someone said the death of Bitcoin is in the China,because the China is the only one who makes Bitcoin illegal,
So,the death of the bitcoin will come ture ?
what is your predict about the future of the bitcoin?
Bitcoin has a number of benefits that government-issued and government-backed currencies simply cannot offer.Obviously it'll continue evolving and growing. |
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With an emphasis on safety I would suggest blockchain. info .Web-based wallets can pose some security and hacking risks too,but they don't have quite the glaring target on their backs that exchanges do.
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With all the good news coming out in favor of bitcoin like Expedia accepting bitcoin etc it's time to buy with the price going down. You will not be so lucky next week. I strongly believe it's going to reach $700 by end of next week! Bitcoin has fallen more than 40% since then.So, perhaps now is a good time to evaluate it's investment merits and consider whether the recent decline represents a buying opportunity. |
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what would you do if you had so much debt and that your income was not enough to repay your debt installment?
how will you deal with it?
how to solve it?
Everyone with even a little bit of debt has to manage their debt.Send your payment as soon as you remember to.Use a bill payment calendar to help you figure out which bills to pay with which paycheck. |
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I used coinmarketcap to follow the price of bitcoin. Thanks, anyways for your suggested links it'll help other people.
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Reading, searching, give time to yourself to think what you are doing and last watch on youtube and search in Google. That's what I can offer to you because that's what I observe as helpful.
You can watch YouTube videos. You can follow cryptocurrency news sites.You can follow ICO news sites. There are so many ways to educate yourself. |
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Blockchain Technology was driven to fame by its application on Bitcoin Gold due to its encryption that has been considered hacker proof. Bitcoin has been used as a reference to its success, providing a secure network for users.
The question however is, can blockchain succeed without bitcoin?
In my own opinion I think it will succeed but we should give credits to bitcoin because as you said it is used as a reference to its success. |
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If the blockchain technology can be used for charity?? would you please let me get that idea from you? And can you tell me how it is application to do charity based on its application   can you repply A better charity is possible with blockchain technology, and Ethereum. Using these technologies we can build a decentralized autonomous charity that can accept donations in any currency, hold onto it's funds in non'volatile form and deploy them globally while maintaining complete transparency of individual donations. |
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Hi, I was curious what your thoughts are on Bitcoin Futures. Do you think this is a positive opportunity for Bitcoin investors? Or, do you think this will thwart the growth of physical bitcoin?
With bitcoin futures, the contract will be based on the price of bitcoin and speculators can place a "bet" on what they believe the price of bitcoin will be in the future. It enables investors to speculate on the price of bitcoin without actually having to own bitcoin. |
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Just want to open it up and ask people what there favourite cryptos are so far,
Personally I have been surprised by Bankera, I bought into the pre ICO and every week they have been paying the ETH
commissions into my wallet, also looking forward to Electroneum and BQX......
Honestly for me My favorite crypto coins were listed as follows. 1Bitcoin 2.Ethereum 3.Monero 4.Neo 5.Electronium |
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An economy is a zone of the production, appropriation, or exchange, and utilization of merchandise and enterprises by various operators. Comprehended in its broadest sense, 'The economy is characterized as a social area that underlines the practices, talks, and material articulations related with the production, utilize, and administration of assets'. Monetary specialists can be people, organizations, associations, or governments.
Honestly the economy of my country is not affected by bitcoin and its not really progressive.So the best we can do is an individual effort so that we will survive in this challenging world. |
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