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21  Bitcoin / Bitcoin Discussion / Re: Bitcoin never replace Fiat Money on: March 18, 2017, 09:50:43 AM
The answer is no i guess because decentralized cryptocurrency like bitcoin will have trouble reaching price stability. Should wages and prices have been denominated in bitcoin rather than dollars, pounds, yen, etc., there would have been

90% deflation in a couple of months in 2013.
66% inflation over 2014.
Price stability in 2015.
50–60% deflation over 2016.
Even the crudest measures of inflation with major currencies would not have shown such volatility.

The reason for the volatility is bitcoin has essentially a fixed monetary base as discovering bitcoin became more computationally difficult. At the very least, the monetary base is set by math, hardware resources, etc.For this reason, I don’t see how a decentralized, anarchist cryptocurrency could take off. Some central authority has to make decisions to increase or decrease the monetary base to get price stability.

I do see the possibility of cryptocurrency’s features being used somehow in the future, but by more centralized and coordinated actors
22  Bitcoin / Bitcoin Discussion / Re: Do you think the transaction fee will kill bitcoin? on: March 18, 2017, 09:43:59 AM
But could you explain why establishing high fees now is a good thing for anyone at any time? Allowing capacity for higher transaction volume at lower fees is a much better plan of action. Ideally we should be sending for as near to free as possible, it being "relatively low compared to alternatives" shouldn't be the goal. Especially when those alternatives we're measuring ourselves to are traditional banking and not the litany of cheaper means of exchanging value through other crypto currencies.
23  Bitcoin / Bitcoin Discussion / Re: Bitcoins Investment: risk or benefit? on: March 18, 2017, 08:43:40 AM
Benefit is that Bitcoin explodes and you’re sitting on much more than you earned. Risk is that Bitcoin collapses and you’re stuck with much less. However, if you use bitcoin now to pay for goods and services you risk little except time spent figuring out your taxes come tax time.
The risk of getting paid in Bitcoin, is the bitcoin's price, A collapse in the price,will lower the value of your wage. The benefit is it's price again. Price up and you get a higher wage.
24  Bitcoin / Bitcoin Discussion / Re: Why should people use Bitcoin? on: March 18, 2017, 08:18:40 AM
Bitcoin doesn’t discriminate. You can use it anywhere in the world, to send value almost instantly, nearly for free. Transferring bitcoins costs just a few pennies and you can send as much value as you want. It’s important to remember that bitcoins can’t be counterfeited or duplicated.  The cherry on top is that transactions are conducted in a peer-to-peer method, without the need for a bank or third party to oversee it.
25  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin bring any country on its knees? on: March 16, 2017, 07:55:50 AM
If a country’s economy relies enough on bitcoin, and if the price of bitcoin suddently drops deep down, or skyrockets, then yes, the country could be taken down in a matter of days.
So, the equation is easy, and it happened in the US, this is why countries protect their currencies.
So the more you depend on a currency, the more you share both benefits and risks. A price skyrocketing could appear to be good for countries, but it isn’t, at it causes lack of stability in budgets repartition.

26  Bitcoin / Bitcoin Discussion / Re: What are your thoughts for Bitcoin in 2017? on: March 16, 2017, 07:33:32 AM
As  the  year  started  bitcoin  reached  to  over  a  1000$  and  i  think  it  will  keep  increasing.  Big   companies  and  banks  many industries  have  started  taking  interest  in  Bitcoin . Bitcoin  transactions  are  easy  and  they don't  have  any  physical  form  so they won't  even  take  a  large  amount  of  space. Even  Bill Gates  said  in  one  of  his  interview  that  bitcoin  is  better  than  currency.  
27  Economy / Economics / Re: bitcoin benefit of saving for a long time? on: March 14, 2017, 02:26:30 PM
why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?

Come share your thoughts



These people stored bitcoins in their wallet as a savings for them and when the time bitcoin price will reach higher price in the market, they will sell their holdings so that profit will be earned. In this way of holding bitcoin amount is really a profitable aspects of investments and you will have mo hard times convicing other people to buy products, and you only need is bitcoin balances in your wallet.
It can't be said that bitcoin prices will keep increasing it has now increased to good amount now but the price once had also drooped to 700 and 800$.
If a person buys 1 btc in the current market rate and the btc rate falls down in the near future by  a pretty good amount and the rate is not increasing theres a chance the person who bought it for 1000$ is going to get a huge loss.
28  Bitcoin / Bitcoin Discussion / Re: "BTC Will do to banks what Email did to the postal industry" on: March 13, 2017, 03:43:26 AM
Emails have replaced the old postal system as email services are more flexible to use than postal services were but when it comes to bank and bitcoin money can be paid or transacted by phone itself. Many people will still use bank services as their money is already in their bank account and when it comes to bitcoin they would ave to buy it or earn it again and bitcoin is still not accepted everywhere. So until bitcoin isn't accepted in all places banks will have no problem in running.
29  Bitcoin / Bitcoin Discussion / Re: Could bitcoin prevent crime? on: March 12, 2017, 12:51:02 PM
Could bitcoin prevent crime?

I believe Bitcoin transactions via online wallets could prevent crime. People are going to use Bitcoin for legal and illegal transactions, however criminal transactions are susceptible to crime as cash is used for the transaction...which encourages theft. If bitcoin were used for these shady transactions, perhaps with escrow, there would be no opportunity to steal currency - couldn't this prevent crime? (Aside from the original criminal transaction of course!)
No, i think cause btc has a faceless transaction and no one knows who is the one who is paying and who is accepting so there is a chance that people can use btc for wrong purposes as well because people think of every for doing their work and complete it no matter what.
30  Bitcoin / Bitcoin Discussion / Re: Getting porn sites to accept bitcoin on: March 12, 2017, 04:06:45 AM
Ok guys. It's time to inform porn industry that we want to pay in Bitcoins. You have any ideas on how to do it? Bitcoin is perfect payment method for p0rn - anonymous and very fast. And they don't care about fluctiation because they profit anyway.
If some major sites will start accepting bitcoins, there will be huge demand for Bitcoins  Cheesy  What do you think?



I think its no good, there is so many free sites I mean literally theres too many free sites, so why do people still want to pay for porn sites if they can get it free. Even if they do still they need an information regarding the bitcoin so it will take a lot of process before it can affect demand of bitcoins.

TO get some special features and more videos i guess but still people use money for that stuff.
31  Bitcoin / Bitcoin Discussion / Re: Getting porn sites to accept bitcoin on: March 12, 2017, 03:58:12 AM
Ok guys. It's time to inform porn industry that we want to pay in Bitcoins. You have any ideas on how to do it? Bitcoin is perfect payment method for p0rn - anonymous and very fast. And they don't care about fluctiation because they profit anyway.
If some major sites will start accepting bitcoins, there will be huge demand for Bitcoins  Cheesy  What do you think?


I don't watch porn but still if the industry starts accepting btc there will be a large boost in the bitcoin usage and everyone knows why
32  Other / Archival / Re: Earning "free" bitcoins on: March 12, 2017, 03:42:01 AM
freebitcoins.org paid me for a couple surveys.  As long as you don't give them any real information about yourself, you should be fine.  I believe it's a known fact that their referral system doesn't work or pay out though, so don't expect to get any bitcoins for people you refer.
There are many sites that give out free btc's and many mobile apps as well.
33  Bitcoin / Bitcoin Discussion / Re: Bitcoin has no competition on: March 12, 2017, 03:35:43 AM
for the next 10-15 years maybe bitcoin will be dominate the cryptoworld however i doubt that there is any other cryptocurrency or altcoin that compete with bitcoin in fututre. As we can see that there are many rising competitors out there, but for the moment there are no better than bitcoin by it's technology and popularity, but it just mater of time hoping bitcoin still being mother of crypto at least in this century

There are some other crypto coins that are in competition but i dont think any other crypto currency or any currency can overtake bitcoin.Bitcoin users are increasing day by day in large numbers.
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