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It is said that central banks plan to release their own curypto currency in some countries,for example Japan.
I know it is quite extreme, but I consider the world that coin and bill currently circulated are abolished, and only the curypto currency issued by the central bank circulates.
I think there are some merits and demerits of this system.
Merit for goverment
· Promotion of utilization of blockchain and smart contracts in various infrastructures
· Reduce the cost of issuing coins and bills
· It is possible to prevent money laundering and crime because of catching a money transaction
· It is possible to confirm the history of deposits and withdrawals of funds and possible to reliably catch taxable objects
· Bribery can be eradicated
deMerit for goverment
· Increases a risk of hacking
· It takes cost to update various infrastructure such as payment systems
· Defining the total supply amount makes it impossible to measure to prevent deflation, and If it does not, it will become inflation
· When equipment is destroyed due to a disaster, it will not function as an exchanging means
· Bribery is eradicated
Merit for user
· There is no need to carry cash
· Reduce the cost required for payment settlement
· Easier transfer of assets in inheritance
· Since transactions are recorded on the blockchain, accounting and tax returns are simplified
I think there are other merits and demerits, so I'm happy if you suggest other ideas.
By the way, do you want to live in such a world? I do not want to live in such a world that I can be monitored by the goverment, no matter how convenient it is.
It will happen indeed in the future, but there are many sectors and problems we may want to solve before everyone in this world could ever start using cryptocurrencies. I've heard that many country are making there own cryptocurrency and the fact is they're similar to there fiat currency. |
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Crypto currencies have prices that will continue to change and increase every year, so there will always be an opportunity to start because crypto prices will definitely be low again and you can buy, so I think there is no lag or too late to start in Crypto
Being invoke with cryptocurrencies doesn't mean you can only make money here.Everyday we meet a lots of events and enjoy them. We do patient when the price decrease and meet some scammers and deal with them. |
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Expect the US dollar will always be strong as always that even if there is a world crisis but still the US dollar will survive because it is the center of all fiat transactions all over the world and i don't see any threat against Crypto if the US dollar will become more stronger than before because for me Crypto is also an investment so that we could earn more US dollar too. I am bit scared since increasing the price of dollars can do a lots of negative thing. There economy can be in big trouble everything become expensive. |
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to decide which crypto currency you will invest then you must be able to analyze and see the movement of the crypto currency in the market and choose the one that has the potential to be able to get profit
Just for your aim on bitcoin stop hearing about false news against bitcoin.Keep your invest up and focus on bitcoin price. |
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because there is no binding responsibility, investors are still looking for any collateral and this is still subjective like buying a cat in a sack. If the ICO promotion is clearly regulated and not all of them can qualify, it won't be too chaotic now. The emergence of a too messy ICO can make many fraudsters infiltrate because there are no specific standards and it seems that it is still too easy to make.
I think that's the reason why ICO are banned on social media networks like Facebook and google.Plus the biggest point is many ico come with fake projects they're full scammed ICO who want people's money. |
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If you want to save money on a long-term period then have to do an investment in bitcoin. You can do both the things in one investment, means you can do savings as well as you can make a profit from it.
You should involve ETh and other crypto currency to since crypto currencies are the best source of make money special for long term period investment. |
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As Far as I'm concerned, The fourth industrial revolution make people's life easier because robot will replace people to do many things. It means that people will do less than ever. Bitcoin have function to help people to save time for payment. It tries to make A' cashless society' for human life.
The fourth industrial revolution already happened.You are talking about the fifth industrial revolution,when the robots and A.I will take over the human civilization.This will make people's life harder,because it will make everyone lazy and dependent.Only the smart people will survive.Stupid and uneducated people will die from poverty,because their jobs are taken by the robots. Maybe bitcoin lead us to fourth Industrial revolution. But its bit harmful for us being involve with fourth Industrial revolution mean not to do work with your hand and give command to robots to do your work which mean you can become laziest person. |
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I think btc to increase a country's GDP or change a country's economy may be difficult for now because the anonymous nature of BTC will make it difficult to calculate into a country's GDP, especially to measure the economic level of a country that requires a detailed calculation, the nature of BTC this anonymity also makes many governments make rules against BTC to avoid money laundering
I don't think bitcoin can help to stabilize country's economy level. Because if bitcoin have some advantages then it have many disadvantages to which can ruined the economy. |
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Looking at the current market, many people are disappointed in the market price, bitcoin prices stomping at the $ 7000 level, altcoin prices are falling deeply. Recent good news, however, shows that the market continues to grow and has great potential in the future. What would you do this time: Buy bitcoin, buy altcoin or do nothing?
If I am going to compare the price of bitcoin in 2017 up to the present its really down to more than 50% the present value was below 6589$ meaning this thing was happened a couple of moths ago, but still we as bitcoin enthusiast need to more patience as well. Lets still hold patiently  Well the market is to much down and most of user are saying that its about to dead. But i think we have to bear and hold our coins. No one know what will happen so we can't predict like this. |
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bitcoin have a very high volatility. it is correct. and it is not only bitcoin but all crypto currencies have high volatility. that is why small investors can make huge profits investing in this market. that is why crypto market is a very good opportunity for us.
I am agree bitcoin the first decentralized cryptocurrency who launch in 2009 giving good impact in crypto's market by showing its highly volatile feature. People make profit with this advantage. People are mostly connected with bitcoin and more people join the bitcoin community more the price will be increase. |
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no matter how safe,how secured a digital wallet is. it can be hacked... by leaked wallet informations. digital wallets are secured but the problem here is you if your responsible enough to store all your wallet info in a safe place and prevent it from being leaked or else say goodbye to your wallet.
Its true. The security of our wallet is depending on our self. If we can not keep our private key safe and share it to anyone, our wallet can be dangerous. If we want to keep our wallet safe, always keep private key on safe place and not share it to anyone except our trusted people Yes it can be that's why wallets gives you highly security. Recently i heard the news that hackers hacked some wallets and stole all the bitcoins. Nothing is safe in internet's world. |
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I also plan to get enough Bitcoins as much as I can accumulate and keep them whiles I also use some for active transactions where necessary. I also look forward to getting a job that'll earn me passive incomes
maybe buying and selling regularly can be an option, we can take advantage of the time even if the amount we get is not so big, but the bitcoin we have can be developed further and our mindset also develops because the current price is very fast moving and opening opportunities for we use it there. because if we buy and keep quiet for a long time it can be guaranteed that our mindset will also be far behind I hope after 5 years bitcoin will be on moon.Since bitcoin rise every years so i know after 5 years i will gain a lot of profit with bitcoins. I wish it will reach more than 50000 by 2019. |
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I dont think bitcoin can be a national currency. But if bitcoin system adapted in monetary system in country, i am believe it will make economy more stable but with no fast growth. Its happen because bitcoin have limited supply
It can not only stabilize but improve the economy too. If it can improve the economy then it can destroy it too. Not paying tax can make government angry because if you don't pay tax how government make progress in our country. |
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I disagree, not all stupid people are poor, and so with the poverty, because there are many rich people who also unwise on having a choice, or they just lucky to be rich and still have poor mind on behaving in society.
Well I think it is not about that stupidity you are thinking about, it mean not all people are wise enough so that they invest their money but they spends their money on other useless things and sometimes they spend on some kind of business which is not good for them, so they get poor after losing money, so they should be wise and invest money to bitcoin only because if we are smart people we should prepare something for our future bad days. I must that if a person is rich and in due course of time he become poor, then that is only because of his stupidity. Its his carelessness due to which he is unable to keep his money save. |
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Among the factors discussed, I pick law to be very important and relating to the topic . Law comes first above the last factor which is risk. Risk is talking about trust and trusting the team or project but I don't even need to trust when I can legally make the team pay for their omission/act, conspiracy, embezzlement and fraud. I just sue them  Well every investment take risk not only ICO and we have to take chance in order to get success. We have to take step and manage the risk. Anything is possible in business. |
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your advice is good
I think for people who already have a permanent job in the real world it is better to make Cryptocurrency a side income,
and I'm sure for those who haven't got a job in the real world then Cryptocurrency is an excellent alternative to earning income, I'm grateful for the birth of this Cryptocurrency to open new jobs for anyone
Being involve with crypto currency is good but to much involve can put you in trouble. You should remember always give time to your jobs instead of cryptocurrency. |
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if there is a tax in crypto can it make crypto legal or not?
for the sake of the future of crypto and the support from the government and the development side of crypto tax results.
the government would certainly take advantage of its capitalization
Taxes in crypto currencies are never been a good thing and is not encouraged by the users of the crypto currencies. Whats the difference between fiat and digital currency, if we need to pay taxes on both. |
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It is very hard to say because it cant be used in all cases. However, I also give you one advice. That is reading review posts in some good rating websites. Most of them are experts and they can give you important information
I think you should study and look for the ico review websites which tell for ratings and also to keep the deep analysis of such projects. Please add this analysis to your sheet that which projects are good or bad and planning and then invest after carefully thinking that it is worth investing or not. |
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I started trading all my deposit directly from the coins I received from the bounty campaigns. I don’t feel sorry for them, so I can trade on all coins.
It can be a good idea.You can join first some legit bounty campaigns and the profit you will make could be you starting capital for your first trading.It does not make sense to start with a big capital at first knowing it can give you a large profit,for me start with a capital you can afford to lose. It depends upon person to person on how much can he / she invest to start the trading. I think it is advisable to start with the less amount and increase the trading capital once he gains good profit and experience. |
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Due to the increased popularity of cryptocurrencies, there has been an increased number of scammers both in terms of ICOs and in social media. You would find "official" representatives that would "propose lucrative deals" in the name of the legit company. There is only one result as a consequence - you losing your assets. Thus, always keep in mind that real official channels of communications work. Also, if you see those posts in social media promising returns without a legit background (a.k.a. a full-blown platform) is a sure way to lose money. Creating bots on Facebook, Twitter, and Telegram is quite easy these days. Make sure not to repeat mistakes that others made before you https://www.cryptocointrade.com/Not to mention mining pools and app scams going on right now. Some of the Facebook groups that were excellent in terms of trading discussions now turned into scam marketing sites. You can prevent being a victim by checking this good discussions about scam sites and links try to check this valuable threads that might help people out https://bitcointalk.org/index.php?topic=4264404.0 Heres the phishing sites https://bitcointalk.org/index.php?topic=3415026.0 This is about scammers Hope this may serve as reference before entering sites and links Thanks for sharing the links. These will help people not be victim of scam sites. But the problem is that every days people come up with new scam sites and ideas and it is very difficult to track and warn people beforehand. |
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