The government hasn't got any money. In order to function and survive, politicians introduced taxes in many different forms - they vary for each country. Many people considered taxes as a robbery.

Governments will be interested in cryptocurrencies not only because they generate profits, but also because they help to improve the privacy of ordinary people who are probably not aware of the things that government can do with their money stored in a bank.

A lack of regulation is not the only problem here. People believe that they can still become rich if they buy a new coin. They don't even understand the difference between a token and a cryptocurrency. I don't understand why people invest in ICOs these days. Holding seems to be much more profitable and safer investment. Also, some people don't even read project's whitepaper and judge whether or not it is a good project by a website and its graphics.

I am surprised that investors panic so much. I understand that they are afraid of losing money but they should know what they are investing their money in. Most of them probably don't even understand the most basic information about cryptocurrencies. Cryptocurrencies will be undervalued for the next few years but as we can see, the situation has vastly improved in the last year and this trend should continue due to growing number of users.

That's always mentioned during the debates whether or not Bitcoin is good. A lot of economists say that mining is a process which wastes a lot of energy. Printing bills and the distribution of them needs also a lot of energy. Not to mention the banking system which needs a huge backbone. Some people say that the solution is simple - change PoW algorithm to something like PoS which doesn't need as much electricity. However, every solution has its own disadvantages.

Actually, you can. Since Bitcoin transactions are pseudo-anonymous, it is possible to evade paying tax and the government isn't able to check how much money you currently have. Governments can try to make selling and buying cryptocurrencies difficult but they won't be able to ban, for example, F2F transactions which will be a bit dangerous. They won't be able to "shutdown" Bitcoin, though.

It is not a good idea unless you decide to encrypt the seed. One should not keep their private key or the seed digitally but encrypting it using for example VeraCrypt. You can easily copy your encrypted container to many external devices, for example, on SD cards which are small and waterproof. A strong password is advised in a such case to prevent a successful bruteforce attack. Some people still prefer paper but the biggest problem is a proper place to store it.

I totally agree with you but you need to also mention that many people are ignorant. It is only their fault that they don't understand Bitcoin. I don't mean that everyone should be able to write the whole code from scratch. People don't even know what they are investing in. The media can't be blamed. Some of them support cryptocurrencies while others don't. Why won't they start a substantive discussion?

Yes, of course. Your receiving address changes because it helps you increase your anonymity a bit. Your payment won't be forwarded anywhere, you still own the private key which is needed to spend funds from that address. You can use any of the generated address at any time as long as you have a corresponding private key to spend the inputs later. Bob explained you above everything in detail.

Yes, your wallet should choose the cheapest route and as I mentioned earlier, some wallets allow you to limit the transaction fee in order to avoid overpaying. I really doubt that we will ever have a problem with too high Lightning Network transaction fees. If you are going to send your coins to someone often then you should consider opening a channel directly with the other person's node.

Some wallets, for example, Eclair for Android allow you to automatically block your payment if the fee exceeds 3% of the amount you want to pay. It is quite useful but it usually warned me when I was trying to send less than 1 cent worth of Bitcoin (testing Yalls.org). I had to turn it off in the settings in order to send the payment successfully. I wouldn't have such problem if I had opened a channel directly to Yalls. Wallets should be the ones to limit the fee, not the protocol.

Samourai Wallet is open source so you can check on your own whether or not it is safe to use. Even though it is in beta, it has many advanced features which are not available on any other mobile wallet, for example, coin control, native SegWit support and Tor routing. They decided to focus on new features and security instead of Lightning Network support which is still in an early state. What a shame that they don't have any desktop software wallet. I am certain that actually many people would use it.

As far as I know, IOTA has some serious problems with transactions and partners. We shouldn't be surprised because it's actually a new concept which still requires further testing.

There is no clear answer to the OP question. We can't predict which cryptocurrency will have the highest ROI and that's what many people here are after which is sad. We should focus on the technology and the gains from it.

Yes, they are and there is a simple reason behind it. Bank deposit is actually the amount of money you lend to the bank which they can lend to some other people who are eligible to request a loan (banks have very strict requirements). Storing gold and silver might be actually a little bit expensive and can cause some trouble but at least you will control your money. You don't have to worry about bank bankruptcy or any other situations which might lead to the loss of your money. Bitcoin is the best option when it comes to the security.

I am quite interested how much it is going to affect the Bitcoin mixing services and altcoins which aim is to provide 100% anonymity. Monero seems to be the strongest one right now and I can't imagine people ditching it for the second layer solutions. It will take years for that to happen. There are still many people who believe in the full anonymity of Bitcoin on-chain transactions which is a common misunderstanding.

It seems that the transaction has been already confirmed (339 confirmations). Did you try to contact the Coinmixer support? Have you downloaded the Letter of Guarantee? I assume that these coins were supposed to be transferred to Coinmixer.

The worst thing is that even education costs a lot of money. At the beginning, it's not a problem because the first years of our education is covered from our taxes, but it's getting much worse over time. Students have huge debts because studying at a university is a huge expense. Nobody from an average family can afford sending their kid to a collage without taking a loan. It will take years for them to repay it.

I would personally not invest in Ukraine, at least not now. It might be actually one of the most cheapest places to mine Bitcoin. There are many Ukrainians who come to Poland and buy GPUs and other mining equipment and then take it back to Ukraine in order to use them in their mining farms. I would recommend anyone to wait and observe the situation in the Ukraine carefully. Nobody would want to lose money because of government changing the law constantly.

Don't expect Bitcoin to change anything. The whole process is complex and can take place only if the community manages to spread the knowledge about cryptocurrencies and its benefits. Blockchain is not only about finances but also can be used in many different projects. It will take some time to develop this kind of applications. A few decades should be enough time. Our world is going to change vastly.

What is a safe and secure wallet for you? The one that requires your password and 2FA to spend from it? You should consider using at least a software wallet which is far more secure than a web wallet. It allows you to save your private key which is used for signing transactions.


Enjoy your overpaid withdrawal fees. You should consider using a wallet which allows you to set your own transaction fee.


SegWit has been with us for a few months and it's a shame that they haven't implement it yet. Also, your wallet has nothing to do with the transaction speed. It all depends on miners and the number of unconfirmed transactions.

As I replied you in TREZOR thread, you can already spend from bech32 address if you use Electrum. Since I am a member of TREZOR Telegram channel, I have decided to ask their team this question and it turns out that it is possible to spend from bc1 address using python-trezor but I'm still waiting for more detailed reply on how to do it. I have been waiting for about 2 hours, I will update my posts once I get instructions.