Economist Paul Krugman says that the exploitation of Bitcoin uses a lot of electrical energy, but the largest codified currency is worth more than gold


At ChainXChange, a recent blockchain conference in Las Vegas, Krugman joined co-founder of Fundstrat Tom Lee and chief marketing strategist for Ripple Cory Johnson in a discussion about the future of money. bad

From the beginning, economist Paul Krugman acknowledged that he did not have a holistic view of the pre-coding industry, but rather focused on how to operate. of Bitcoin.

Krugman says:



Bitcoin and gold

Krugman later said that despite his interest in exploiting Bitcoin, he used a lot of electrical energy, but the largest codified currency was worth more than gold .


When compared to Bitcoin 's use of prepaid currencies, Krugman says the biggest problem is the transaction cost used to transfer BTCs from electronic wallets. He believes that if these costs were cut, it would probably wipe out his previous preconceptions about coding.

Krugman recently wrote a New York Times article titled Transaction Costs and Tethers: Why I'm a Crypto Skeptic: Why I'm a Nostalgic money coding). In that article, he argued that Bitcoin and all other coded currencies still need a lot of effort to prove their worth to the community in their daily lives.


The potential impact of smart contracts on life is very high. Along with other aspects of the blockchain that this type of technology is considered to be the new revolution, Krugman says he has absolutely no idea whatsoever about stereotypes of currency substitution.

Prices have been on a constant decline ever since this year began. There's been FUD all over the place, and governments have been cracking down on Bitcoin and other cryptocurrencies. In addition, there have been several hacks which have also contributed to the decline in the value of the whole cryptocurrency market. As such, many people have lost their faith in Bitcoin and cryptocurrencies in general, as they've lost a lot of money.

Despite this, it seems that most holders would not give up on Bitcoin no matter what. But, if Bitcoin keeps declining in value until it becomes worthless, then long-time holders (like me) would become disillusioned. For those who want to protect their investment, there's the option to sell Bitcoin into USD or exchange it towards a stablecoin like Tether. However, even Tether has lost its peg (although in some occasions it heads back to $1) sometime this year, which means that not even stablecoins can be trusted.

Nonetheless, what are your thoughts about this? Will it be Game Over for Bitcoin? Or will everything go back to normal soon?

Once in a while, a great opportunity comes along to acquire more BTC. They don't last long. We are in that moment now, with prices nearly 75% off the peak.

We live in a world where we are bombarded with choices and the same goes for payment methods. We currently have a veriety of different payment methods, like : Credit Cards / Debit Cards / PayPal / Payment processors /  Charge cards / Prepaid cards / Phone and mobile payments / Money orders / Online Banking ePayments (OBeP) / Cheque and Crypto currencies.

looking at the wide selection of options on the table, would you be able to motivate people to adopt Bitcoin, over any of the other options?

What sets Bitcoin apart from these other options and how would you differentiate between these payment methods and Bitcoin? What makes Bitcoin better?

Let's discuss. 

who can help me?


because my pc is haced!i lost all btc ,lt doge coins.

350+ BTC,8600+ ltc,65M+ doges,

who can help me to got it back?

i will reward 50 btc to him！

my lost addr：
btc：1DCagvt2bsqhSeEQHrZA9ydvnaDoABwfrW
ltc： Lfm4HtUyinQ4f92ZvmjMJA4GSUW26CBjat
doge：DNRwbwigK2Qnc8ZL7kX1QnCDEsytJaiYsS

U can contact me：skype：ropyu1978@outlook.com

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We saw in the news earlier that about 10 strongest and biggest banks in the world are preparing to launch the phase 2 of their own blockchain  cryptocurrency project,which first launched in 2015,  which is said to aid them in settling transactions over blockchain.

Luigi wewege also said that the coin has the power to blow off other cryptocurrencies, especially the most rival of all coins “bitcoin” out of the market.

Continue reading => https://zycrypto.com/banks-going-kick-bitcoin-new-coin/

Well you can compare masternodes on this site https://masternodes.online/ The only one I have is of SmartCash, but it hasn't performed that well this year.

I have visited again the bitcoin chart and thought of many times what could be the graph will do to make any conclusions on what will going to happen on bitcoin this year. Take a look on the Image of chart below taken from https://coinmarketcap.com/currencies/bitcoin/#charts.




It seems like the graph stating that the bitcoin market price will turn back down. The chart has also implied that bitcoin has already reached its fame and it will just become a one hit wonder. Again, this because of the negative happening that news, FUD's that always keeping bitcoin agitated and struggling. If only people will tend to understand what is the purpose of bitcoin and why it was been created then probably things like this will not going to happen. As we all know that bitcoin has showed some benefits that a certain organization could integrate the system to make an easier, transparent through blockchain, p2p exchange, and no third party involve that could brought up huge transaction fees depending on the agreement.

However, the bitcoin system is still developing. This maybe struggle or challenge for the bitcoin system. In this year 2018 will be one of the basis for the possible outcome of bitcoin. What do you think of this system? Will Bitcoin achieve another milestone of achievement this year or will not? What could really happen to bitcoin before 2018 year end?

https://cointelegraph.com/news/markets-see-massive-selloff-bitcoin-dips-below-5-600-for-the-first-time-in-2018

Sort of hot off the press!
But no need for FUD as this will all turn around.
Probably a nice buy in if thats your options, sadly not mine

If someone establish a super node on lighting network, people can connect to the super node to connect each other.

It is just like a crypto PayPal!

With an app and a brand, Lighting network can connect billions of people. Bitcoin network as the central bank layer, and Lighting network as the payment layer like PayPal. This will really change the world if it works.

When Bitcoin and other crypto-currencies first came out, everyone were saying that it was for the people to get their financial freedom. Now, it seems like it's being taken over by big financial institutions. Should we be worried?

There are over 1500 cryptocurrencies on the market. However, most of these crytocurrencies has little or no value at all. I have been selling several of these cryptocurrencies whose prices are just nothing to write home about.

 It is sad to see several cryptocurrencies valuing less  than 0.0001 dollars. We, the investor( time and money investors) need to do a lot to cater for this unattractive prices. Some investors are scared of the low prices and hence are not even interested in trading in cryptocurrencies at what?

What can we do to speed up cryptocurrencies in terms of price??

Please share your ideas.

Chinese has been feeling very enthusiastic about blockchain lately!  The Chinese government may not like cryptocurrencies or in fact Bitcoin, but they sure do like the Technology it is based on.

Know more what China is doing with Blockchain https://www.globaltechinsights.com/blockchain-bitcoin-whats-happening-in-china/

I do not own any bitcoin, but I knew about bitcoin 6 years ago, before most people even heard about it. Except I didn't buy it then, I was wrong about that prediction. So I am trying to see if I can make some money now.

But looking into the future, I am still not convinced about bitcoin. Before anyone get all defensive, I would like to know WHY you think it will go up. Because I would like to make some money too.  

In my view, there are several problems:

1. Bitcoin value is all based on sentiment. Most people say it is under valued now, but that is only a reflection of how you feel about it. And this is fine, because in comparison most stock prices are irrational as well (especially these days). people make lots of money buying over valued stocks. But the problem I see is that the fear-of-missing-out sentiment has passed. Almost everyone know about bitcoin now. And they also know Bitcoin has dropped 70% of the value since its highest peak? Once someone get burned by something, the others will be a lot more cautious. And when people become rational about a investment that is built on sentiment, that is a huge problem for future growth. there are many examples of puffed up stocks crashing down to earth, and never to recover its value. The ones that can recover and soar in the long run all have great business fundamental to support its value, in other words "making money".

2. Bitcoin is no longer unique. Regardless of what people say, bitcoin is not like gold. Sure, the amount of bitcoin is finite, but it is not unique compared to other cryptocurrency. The only thing special about it, is the name itself. And there are tons of new cryptocurrencies now, and people can create infinitely more types, IF it is profitable. Correct me if I am wrong, what is the fundamental difference between a "bitcoin" and a "ripple" other than the value? nothing at all.

3. technology risks. There is always a possibility a more advanced cryptocurrency will emerge and completely outshine bitcoin. I believe there are already some cryptocurrency that transact faster than bitcoin? Not sure of the detail but I have read it somewhere. And when it happens again and again bitcoin will be wiped out. Remember we used to use CDs? tapes? camera films? Bitcoin was created almost a decade ago, that is a lifetime ago in the technology world.

other issues: practicality, and safety. It doesn't actually make paying for something easier, and some argue this is safer than traditional banking, well just look at the news of people lost coins or got hacked.


I do think it is possible for bitcoin to go up (not skyrocket though), but it seems the headwind is getting really strong. So why do you think you should hold on? Instead of just saying "it will go to the moon", "it will change the world", please provide reason.

Hey guys, what do you think, can we be strong, and overcome this hard times when everything is red? How soon we will finally see bitcoin growing?

What real world problem is bitcoin solving rn? and to what extent?

Hi,

I am a bounty hunter and i have realized that almost all the bounties are being flooded by some morons who use one person's BTC id, other person's fb/twitter, and put their own ERC address.

They may be using some kind of bots to do that.

What i think he/they are doing is that they have made a list of btc address, fb address, twitter address, and telegram and then use them in bounties and airdrops. They have made some kind of automation software that now do it for them and they take up all the spots in the Airdrops, bounties etc.
They just flood them, put their own ERC20 entries in them while using other's address.

With that they don't have to worry because their ERC address can't be traced to their identity as the rest of the info is all fake.

I have found my BTC id used at quiet a few bounties now which i never applied. Same with my twitter and fb address.

I know that a few bounties are now asking for proof of authentication post but not all of them.

With the growing security issues in BTC can't we start Google 2 factor authentication for our profile as it also has been attacked and also what can be the solution to these kind of scammers ?

In the year 2017 so many Altcoin came into limelight . ETC, WAVE, STRATIS, DASH, ONION and many more Altcoin gained remarkable value. Let us guess Best Altcoins for year 2018?

What do you guys think are the real risks of cryptocurrencies and are there any ways of overcoming them? I've attached a good article below that covers a lot of the solutions to what people consider problematic at the moment, and it essentially says most of the risks are down to the user and not the technology (i.e. lack of education). Am interested to hear your opinions.

The interesting article: https://medium.com/@DDhopn/what-are-the-risks-of-buying-crypto-ff1c991a6c83

P.S. I am heavily involved in crypto, just keeping an open mind