Nope, it's pseudonymous. Has degrees of anonymity. Bitcoin transactions are fully transparent but it's not associated or tied to an identity hence it is called pseudonymous. However, law enforcement are somewhat successful tracking down illicit activities (silk road). Even tor is not fully anonymous, any decent hacker is able to track you when you get target.
I agree that is pseudonymous but there are cases where a transaction is fully associated with a real identity. The most apparent one is when someone buys or sell things with btc's who is obliged to give his real identity. For this reason there are 'mixing' services |
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Crypto-hybrid fiat currencies are definitely going to be part of the future going forward, but so will Bitcoin. The way Bitcoin currently is, it will not be able to compete with crypto fiat because of the issues with transactions times and transaction costs. These crypto fiat don't exist yet, so they have all the room in the world to be able to solve these issues to truly compete with Bitcoin. Bitcoin isn't ideal for small transactions at the moment after all. Bitcoin will lose in that sense. If you look at Bitcoin though, you'll see that it really isn't being used as a currency too much, but rather as an investment and storage of value. There's no way crypto fiat can compete with Bitcoin in this respect. That would mean that they have different niches, and can coexist alongside each other.
so we can see in future, there will be two type of currency that available in internet, one from the government and the other one is bitcoin. i think people can see which want is better to be used and the other currency can be like an investment. i agree that bitcoin isn't ideal for small transactions because the price is too volatile and i think there will be some adjustment for bitcoin if bitcoin wants to used as a new currency for transaction in offline and online. and yes bitcoin can compete with the crypto-hybrid fiat currencies to makes people to choose which want they want to used. As I see it in the future people will have a wallet with many currencies and will use any of them according their needs. For example bitcoin for big transactions and litecoin or something similar for rest ones |
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As some above have already written the decision of some miners to support segwit2x. You will see that the price is proportionate to BIP91 adoption.
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All of us we want bitcoin price to rise again and again which is impossible because we forget that is a payment medium. Therefore has up and down. Bitcoin will not die. People bought high can wait. All others could exchange long time ago with fiat. So why some are crying?
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Good for us but sadly too bad for the users living there.
I hope my country doesn't make that decision.
Truly, what is the idea of the South Korean government to make this happen?
Is this really for bitcoin users and the countries economy or is it just for their pockets opinion.
If you will ask me this is some scary sh1t. A great news or a bad one?
A dive in price or a rise? Think of it thoroughly.
I don't know where you live but only if governments legalize the use of bitcoin as payment and not only as commodity people will be persuaded to use it. Otherwise they will keep is as digital asset instead of gold. As far as it concerns the price you could see the fluctuations of any fiat money even the strong ones. |
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Even though it's clearly a misleading title any investment in crypto currencies companies is the best way the most mistrust people start using it as payment medium.
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It's first time I read something like that. Would be very interesting to learn how much cost to OP to 'buy' this wallet. It's really weird that he didn't wonder the reasons why someone sells a wallet with such a big amount of coins.
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Firstly I believe that crypto currencies are better than fiat supporting the fact that there is no need of any credit institution. Secondly answering to people who speak about bitcoin I would like to mention that there are and other crypto coins. Therefore, the matter of limited bitcoin transactions surely is not the same in some alt coins.
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Anybody know what shops still have Ledger Nano S available?
I don't see any message about being out of stock on their official web. https://www.ledgerwallet.comTried to put one in cart and it was succeful. No this not true. In the bottom of the page in the section 'order summary' someone wants to complete his purchase have to agree checking the '...order will not be shipped before: August 30, 2017 '. |
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This is a good thing because there is no gap between the countries, equitable economics will become faster and everyone will be easy to Transact in the absence of domination to a specific currency.
This will never happen simply because is an utopia. It was an idea 70 years ago of the famous economist Keynes but rich national economies will never let it happen. The loss for them will be very big and nobody wants to pay the others debts. |
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Many people are now curious to know what bitcoin is, whereas once bitcoin was just underestimated, now upside down many people stop working instead they prefer to focus on bitcoin
I don't think underestimation works in case of cryptocurrencies. If we compare bitcoin of 2011 and 2017, I don't think both are same. The former one was just a concept but latter one is developed coin having utility and can be freely used on internet today to buy all major services. So as utility of bitcoin increasing, its value increasing. In the previous 6 months interest in bitcoin has grown significantly. I think the main reason for this is the legalization of bitcoin in Japan. People realized that bitcoin is not entertainment, but a serious financial instrument. And they began to trust crypto currency more Yes last year there is no much growth in bitcoin, since last 6 months, it was a big improvement in bitcoin users. And last month when that virus attacked to all over the world and hackers demand their money in the form of bitcoins that time media also made publicity for this bitcoin. It was a big impact on bitcoins. Now people are taking little bit serious about bitcoin. I don't see it exclusively as 'growth of bitcoin' when price is rising and vice versa. Bitcoin is currency but a volatile one with a not big market cap. I will see it as growth when people prefer to transact each other using it instead of fiat money or other way payments. |
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This is an old post where bitcoin was not used by many people and its price was not high. Those days nobody could predict the road of btc and most of the bitcoiners where enthusiasts. Currently crypto ATM is a good way somebody who does not want to involve with exchange or afraid the face to face trading buy or sell his coins. The only bad thing, imo, is the high conversion rate.
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Bitcoin will not fail because of ransomware. Though it gave bitcoin a bad name.
Exactly, and bitcoin was used for such activities even before. The only difference now is that it got more publicity. But people have to understand that bitcoin wasn't created for criminal activities it was missused like anything else, like any fiat currency and that it can be used for many good and positive things. And that is why we need more positive promotion. Unfortunately people know a little or nothing about crypto currencies they try to learn some and usually about bitcoin when media start to speak about that. Ransomware and other criminal activities is a good example of this. Therefore there are no many chances explain to them that bitcoin is a currency like fiat and commodity like gold. This task is extremely difficult for middle aged or bigger people who are negative to innovation and technology too. Maybe next generation will be more friendly and familiar to bitcoin usage. |
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As I have notice except the free online service of ViaBTC and the 'delay' column of bitcoinfees.21.co in weekends the unconfirmed transactions are less than the rest days of the week. Therefore, the fees are significantly lower and I prefer weekends for this reason. |
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Many people are now curious to know what bitcoin is, whereas once bitcoin was just underestimated, now upside down many people stop working instead they prefer to focus on bitcoin
Is this the impact of rising bitcoin prices?
As Yakamoto mentioned above in my country too, there aren't so many people who are curious about bitcoin. I participate in some meetings about 5-6 times per year where people speak about bitcoin and blockchain but all times is almost the same audience. Last time someone asked me about bitcoin was when hackers had exploited the ransomware wannacry. |
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Even OP and maybe some other bitcoiners don't like the name 'digital gold' and see it only as payment system would have to think about its price. Nowadays high price is due to investors see it firstly as safe haven and secondly as internet money. Therefore, if we want the mass adoption and high price would have to accept the double nature of bitcoin as currency and as commodity too.
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Another one, with fees estimation which I like it firstly for its simplicity and secondly because plots the distribution of fees in unconfirmed transactions here |
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I would not trust any web wallet except the cryptos I had stored had a tiny value. If you have a significant amount of bitcoins and altcoins should have to think about a hd wallet like as trezor or ledger.
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Ok the crash is gone it felt from 2,700 USD down to almost 2,000 and recover, the worst is gone, and I am predicting that the BTC will be at 3,500 USD within 60 days from today.
Why:
1.- More people interested
2.- More news and possible segwit
3.- On July 1st Australia will accept BTC as a currency.
So my advice is that if you can get as more BTC as you can, do it because this is just getting started.
Of course are good news that Australia will consider as currency the bitcoin but I don't agree about the bitcoin price and the time period which this price would implemented. But I would like to ask OP if he has a good source to share with us, except his personal belief, where he learnt something about seqwit because this 'possible', imo, is far away from 60 days. |
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Maybe it's just too many person are transacting so that there are so many delays. Just like in the roads, if the traffic is heavy, all of us couldn't go to the places that we want to go.
The theoretical transactions are about 7tx/sec. The reality is about 3 to 4 per second. Looking for unconfirmed transactions here you can have an idea about the time. So anyone gives more he can be more sure that his transaction will be confirmed in a less time. That means the opposite OP claims. That is, people are willing to pay for something valuable. So how could this (valuable) die? |
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