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Here is my list:
1. Anonymity
2. Low transaction fee
3. Ease of transaction and trade
4. The original aim behind its creation
5. Ability to do micro-payments
6. Protection against inflation
7. Protection against counterfeiting.
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i never bought drugs with bitcoin but i am looking for some store where I can buy beer or any alcoholic drinks with bitcoin
Where do you live? Actually there are large number of bars and restaurants, where you can make the payment using Bitcoins. Personally, I have been to one of them, and the transaction went on smoothly. Try the following websites: https://coinmap.org/http://bitcoinrestaurants.net/ |
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It is quite difficult. Most of my friends and relatives have never heard about Bitcoins. But that is not the bad part. Whenever I try to educate them about the benefits of Bitcoin usage, they accuse me of trying to scam them.
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Some are accusing paypal to be a scam because they might have lost their money as they have the tendency to freeze the account if they find high amount of activity and the customer care are just not that great
A few weeks back, they locked out my account. The credit card which I had used for verification got expired, and they asked me for a fresh one. I didn't wanted to give the details of my new card, and in the end I lost access to my account. Anyway, I don't use Paypal too often these days. So I have decided to stop using my account. |
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Imposing tax on Bitcoin transactions is a bad idea (banking transactions are not taxed, then why those involving BTC should come under the tax regimen?). I am OK with the idea of imposing a small tax on the conversion of Bitcoin to fiat, but that also must be avoided if possible.
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That is too optimistic. It will be unlikely the majority of the people around the world use Bitcoin. It can happen only in an apocalypse-like scenario. Imagine a situation where all the fiat currencies in the world loses their value. In such a scenario, only de-centralized currencies such as Bitcoin and bullion coins (gold, platinum, silver.etc) will be used as currency. |
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I will add that silver is also a good option to invest, in fact out of the two gold and silver, silver was the one with the most circulation, basically meaning it was used on more transactions because people used to store their gold. I don't consider silver as an investment asset. Most of the mine production of silver is used for purposes such as industrial usage, electronics.etc. Only a small part is converted in to bullion bars/coins. It is not a very rare metal, at least when compared to other precious metals such as gold, platinum, palladium and iridium. |
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I earned almost 2 Whole Bitcoin already just joining Signature Campaign, Bounties and by investing in ICOs. I will trade it to flat dollars once Bitcoin hit 1000$ sooner or later. My only advice if you really want to get rich, do not gamble, you will not gonna get rich instant but it is a start.
Even if you exchange your 2 coins for fiat when the exchange rate hits $1,000, you will be left with just 2K. What you are going to do with that amount? I would advice you to wait for some more time. Perhaps you should wait until the exchange rate his $100,000 per coin. Then you will be able to buy a new house, or even a BMW.  |
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Unlike the United Kingdom, Italy is not one of the countries which account for a large part of the Bitcoin trading volume. Even during the Brexit, there was only a 2% or 3% increase in the BTC exchange rates. So I assume that the Italian referendum will be having a minimal effect on the exchange rates.
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Small increases of local consumption can happen anywhere across the globe, but how much they will affect the total consumption? It is large consumers like China and the US that matter, and their economies seem to slowing down (whatever we are being told to the contrary). On the other hand, the price of crude oil going down could itself contribute to increased consumption, though the demand for oil is usually considered not very elastic on the whole...
That is, it doesn't change much with even severe price fluctuations
No doubt that the consumption in China is going down, mostly as a result of the tough environmental regulations. But traditionally, the United States has been a high-oil consuming nation. If the lower gasoline prices are going to prevail for another year or two, then we might see an increase in the oil consumption there. |
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You can also have the dutch system, making it legal to sell drugs but illegal to produce. Fantastic system, every country should try....
That is not going to help. If the production is driven underground, then the mafias and cartels will get involved. If the government does not want the criminals to manufacture these drugs, then why can't they order the government-owned pharmaceutical companies to manufacture them? |
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even if it was able to be running with water for basically nothing, do you really thing that the multi billion oil industry would allow that? I don't think so.
The same "multi-billion" oil industry could no nothing when the American frackers increased the output, and crashed the crude oil prices. Just admit it. They are not as powerful as they were a few years ago. The end of the OPEC oil cartel is very near. And BTW... Iran is a member of the OPEC. |
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Unless the German chancellor Angela Merkel changes her dictatorial behavior, we are going to see more Western European Union nations leaving the EU. Merkel behaves as if she is some kind of empress. France and Italy may be the next after United Kingdom.
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not all Muslims are like that, in our country, especially Muslim Indonesia with people of different faiths we respect each other, as long as it does not start insulting / degrading of our religion, and almost most cases, especially in parts of the world is about blasphemy, and more ironically again which is always in abused ie the religion of Islam, and if we ever thought about how you live to respect the differences in this belief ...?
Although I would agree that the Muslims in Indonesia are more moderate than their coreligionists in countries such as Saudi Arabia and Pakistan, there is still a long way to go. Just a few years back, there were inter-religious violence in the Moluccas, where thousands of Christians were massacred by the Muslim immigrants from Java and Madura. |
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This is disgusting, there are no other words to describe it. How can you enslave a human being, sometimes I think we still live in the Middle Age.
Imprisonment is different from enslavement. Hardcore criminals deserve imprisonment, and it is perfectly justified in such cases. But that is not the point here. She is being imprisoned for something silly, and that is plain wrong. |
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Does the list of these propaganda websites include those which engage in pro-western propaganda such as the BBC of the United Kingdom and the MSNBC of the United States? Also, we have Al Jazeera of Qatar and DW of Germany.
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They run the 7th most popular website in the world,
totally free of charge- no ads or commercials,
for one of the biggest sources of knowledge in the free world.
I hardly think that asking for a few dollars in donations from each user is 'greedy'.
Asking for a few dollars in donation was OK, if they were unbiased. But now most of the admins and moderators in Wikipedia are profiting from article creation. Corporations and individuals pay these people hard cash to modify the articles, to put them in good light. |
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Who said anonymousity is not there in the bitcoin medium, IF you buy or sell also no one can identify the person. They can find server ip but not the person's one. But even I do not think people are selling and buying drugs with bitcoins
Don't be so sure about it. The TOR browser works by relaying the transmission from one node to another. If the starting node is compromised, then the law enforcement agencies will be able to obtain your real IP. Some say that this is how Ross Ulbricht was caught. |
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It is a great news for American and Canadian shale oil producers as well
And until they are taken out of the equation somehow, OPEC's dreams may never come true. The only thing that could save oil long term is increased consumption, not OPEC's decreased production. If the world economy continues to stagnate, the consumption is not going to increase any time soon, so higher prices beyond usual market volatility are unlikely. Even the current price seems to have a lot of speculative component in it
There are still chances out there for an increase in the consumption. For example, the oil consumption in India has steadily increased for the past 2-3 years. Africa is another region, where an increase can take place. |
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Do you think Russia and China are doing this because they are expecting an economic crisis on the horizon? This might sound paranoid but maybe it's possible that they will both try to cause the crisis in order to profit from their gold investment.
Perhaps they are doing this to insulate themselves from any crash in the value of the US Dollar. Gold is one of the few assets which are protected against currency devaluation. The other assets such as equities and bonds lose their value along with the currency. |
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