Our society has been developing for a very long time and not one of them could exist for a long time without fees for common needs, called tax. The idea of a tax-free society is unrealistic. This has long been proven by the history of human development. Society must build roads, pay doctors, teachers and other people who do not produce wealth for their work, maintain their army and much more. Without this, there will be chaos; such a society will easily be swallowed up by a stronger organization in terms of allocating funds for general expenses.
|
|
|
In any case, states will be forced to regulate the activities of people in the field of cryptocurrency. This process has already begun, but it cannot be fast. It will take some time to complete it. Cryptocurrency is a completely new financial asset and the states simply did not know how to classify it and what to do with it. Gradually, states begin to understand the nature of cryptocurrency, a general concept of an approach to it is being developed. The cryptocurrency market is gradually growing, and therefore, states will be forced to turn their attention to it. On the other hand, abuses in cryptocurrency have reached alarming proportions. Hackers, thieves, and scammers cause billions of dollars worth of damage to people. These are common crimes, albeit in a new field. They require a quick reaction from states.
|
|
|
Perhaps, from the point of view of the current situation, this seems to be a mistake for you. However, a certain time will pass and you will definitely change your mind about the advisability of investing your funds in bitcoin. It was estimated that since the appearance of bitcoin in January 2009, bitcoin has been profitable for investing in 98.2 percent of cases. So your investment should be profitable over time. You only need to be able to wait for your time.
|
|
|
According to the world survey: https://www.loc.gov/law/help/cryptocurrency/world-survey.phpMany of the warnings issued by various countries also note the opportunities that cryptocurrencies create for illegal activities, such as money laundering and terrorism. Some of the countries surveyed go beyond simply warning the public and have expanded their laws on money laundering, counterterrorism, and organized crimes to include cryptocurrency markets, and require banks and other financial institutions that facilitate such markets to conduct all the due diligence requirements imposed under such laws. For instance, Australia, Canada, and the Isle of Man recently enacted laws to bring cryptocurrency transactions and institutions that facilitate them under the ambit of money laundering and counter-terrorist financing laws. This is one of the reasons why government will not take the risk on accepting cryptocurrency as global money. What is being invested in the concept of global money is completely unclear to me. In any case, no state would ever switch to using only cryptocurrency. Each state will always use its national money and along with them will allow the circulation of cryptocurrency, however, it will not actively support it. A decentralized cryptocurrency for circulation within each state will necessarily be subject to regulation, including with the aim of combating the laundering of dirty money and the financing of terrorism. Therefore, the FATF already on June 21 announced its recommendations on this matter and more than 200 states are obliged to introduce them into their national legislation throughout the year.
|
|
|
It must be true, think about altcoins we have. Think about how many altcoins we had in the past. Do you remember all of it? Many of them now do not exist because they have been replaced by better and more innovative ones and this will be repeated over and over.
Many altcoins were created for a certain type of business and if this business is still working, and even more so developing, then the token will exist for a very long time. Even if there is a need to replace an outdated token, then they will simply send new tokens to the wallets of the holders of the old tokens. I do not think that in five years almost all current tokens will disappear. Of course, this process will constantly occur, but the figure of 99 percent is too high.
|
|
|
So many years past but still we don't have a clue about who/what Satoshi Nakomoto is. We aren't even sure that Satoshi Nakamoto is a person or a symbolic name of a group but I believe that we will eventually find out who/what Satoshi is.
No, it is most likely that we will never know who was hiding behind the pseudonym Satoshi Nakamoto. Almost eleven years have passed since bitcoin was created and every year the chances of establishing its identity all fall. The main thing is that the person who used this pseudonym wants it. Cryptocurrency and its holders, in my opinion, will be better if in the future no one can claim a patent for the creation of bitcoin.
|
|
|
The cryptocurrency market usually grows in price in the last quarter of the year. We are just approaching this period of time. Therefore, bitcoin can still drop in price, and then, after some are sold and others are bought up at a cheap price, then bitcoin can even go up to even 15,000 - 20,000 dollars. Even if this does not happen at the end of this year, then certainly in the first half of next year.
|
|
|
Neither blockchain as a digital technology, nor cryptocurrency as one of the many products of this technology, can replace banks. Today's banks have a lot of different specific functions, and the blockchain or cryptocurrency has nothing to do with them. Even their usual activities such as legal support of the financial and economic activities of legal entities. Banks issue accounting documents to institutions and enterprises of various forms of ownership, which not only confirm the transfer of money, but also indicate to whom it was transferred, for which payment was made, the number and date of the contract and other information. The blockchain cannot contain this data. However, they are needed for tax authorities and audit.
|
|
|
2017 will not be repeated as it was before. Potential investors will already remember that after the rise in price to $ 20,000, bitcoin dropped to $ 6,000, and by the end of the year to $ 3,000. Now they will be afraid to buy bitcoin on the rise, so as not to lose as those who bought bitcoin when it reached its peak of $ 20,000. Those who did this still cannot recover their losses. Therefore, when next time Bitcoin will take off, it is unlikely that such a rise will be long. Maybe because of this, Bitcoin has not risen in price above $ 13,500 at the end of June this year?
|
|
|
Bitcoin and gold are actually opposites in the financial asset class. Bitcoin will never replace gold, because it is not capable of it. People will always prefer tangible gold over virtual numbers. Such is the nature of people. Moreover, this will not happen if natural disasters increase in the world, and during a period of global climate change this is very likely.
|
|
|
Compared to the fact that Ukraine previously proposed to exempt cryptocurrency holders from paying taxes, or to exempt them for a certain number of years, the statement of this minister is already a step back. Although, you need to look not by intention, but by the final results. Let them adopt specific laws, then what will be discussed.
|
|
|
Even NASA is getting into Bitcoin... by a round-about path.
NASA to Launch Bitcoin to the Moon? Space Agency Seeks Crypto ExperienceNASA seems to think so. The U.S. aeronautics agency is looking for a big data scientist and specifically mentions that experience with cryptocurrency and blockchain could help you get the job.
The Jet Propulsion Laboratory (JPL) is a research and development facility located in California which was founded in 1936 and mainly focuses on developing robotic spacecraft for the U.S. National Aeronautics and Space Administration (NASA). The space agency is now looking for a new Data Scientist to join the JPL team and has a surprising point on the list of qualifications for the role. The wanted ad states: "Experience with cryptocurrency and Blockchain is considered a plus."
There is no explanation given as to why experience with cryptocurrency is beneficial for the work at JPL but you can have fun speculating. Maybe NASA is looking for ways to develop a new economy for an independent Mars colony, launch an ICO to fund a moon base, or even find a way to trade with space aliens. It could also just be a way to signal to potential applicants that it is looking for people that really love to dive into deep technological and mathematical concepts. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) It will be funny if Trump bans cryptocurrency at all in the US and all the efforts of NASA will be done in vain. Although I would like to hear an official statement about why the global corporation needs a person with experience in crypto and blockchain, not only assumptions Therefore, Trump will not ban Bitcoin and other cryptocurrencies. Even before the end of his presidency, he had little left, so he would not do such harsh and stupid things. As for NASA, they need specialists in various fields, including to protect their digital information. Most of their technical workers are not directly related to space.
|
|
|
Bitcoin, most likely, will not be replaced, although it may well in the near future lose its price dominance and cryptocurrency leader status. However, this will not happen as many assume. After Bitcoin, there will no longer be a clear leader; there will be several. Therefore, there will also be no dominance in the price, not a single cryptocurrency will be able to rise as high in the level of capitalization as bitcoin. From the point of view of cryptocurrency development, it will probably be even better.
|
|
|
It is a great idea to start a thread letting people know what coins can bring them dividends. But I believe people that want to know about this, have already studied all opportunities and know that everything that gives you more than 5-7 percent monthly is a scam.
Yes, high interest as dividends may indicate signs of fraud. However, the Gigajoule campaign, whose signature I am currently wearing, provides for the possibility for holders of their token to receive 15 percent of dividends by paying in ethereum to the wallets of their owners. I consider this to be a quite normal and real amount of dividends. In general, I think that the future is behind the payment of dividends in cryptocurrency. This is a good incentive to hold tokens, and not a search for the possibility of a good sale, as it all works now.
|
|
|
This is not to say that cryptocurrencies issued by the government are the future of these cryptocurrencies. Such cryptocurrencies, as a rule, are stable coins and will simply occupy their niche among all cryptocurrencies. Government cryptocurrencies and decentralized cryptocurrencies are completely different types of cryptocurrencies, however, apparently, all of them will find their place in our lives. The requests of people are different. National currencies in digital form will also be in demand, as they provide users with additional convenience compared to conventional currencies.
|
|
|
Expect another years of bear market. That's what you should expect, nothing is making this market at lot easy when regulations are not making easy as well. ITS the opposite of things that are happening. ITs he end of the world as we know it. I'm just go back to farming in my little home town, find my girlfriend with hairy armpit. I expect 10 more years of bear market. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) No, we will see a good bull market much earlier - if not at the end of this year, then certainly next year. A bear market cannot last a decade, because during this time people will simply forget about the existence of cryptocurrency. The cryptocurrency market is very dynamic and therefore the situation on it is changing very quickly. What seems completely hopeless today, tomorrow again can radically change for the better. Therefore, do not lose hope. We can see the growth of the cryptocurrency market in the coming months, despite the current fall.
|
|
|
Bitcoin is a cryptocurrency also known as digital currency and It's fully different from other fiat money for it’s activities and volatile system! fiat money is almost stable then bitcoin, also as decentralised money it’s can't control by anyone! so yes it’s can create some threat over fiat money and banking system! but day by day digital world demand online money or crypto currencie.
I don't think bitcoin can make too much impact on fiat money and the banking system because both are active and serving people in two independent areas, there is no conquest or dominion here, we can see that every investor who will choose bitcoin and want to use in life will use fiat money and banking. Bitcoin never takes part in our real life, although the technology may be developing but instability and manipulation are always limited to connecting bitcoin with the community, even the banking system and other services I completely agree with you. Bitcoin and all other cryptocurrencies will not be able to exert a significant influence on banks, especially not a negative one. In the near future, ordinary money and cryptocurrency should work together and complement each other with their capabilities. People will appreciate the decentralization and anonymity of cryptocurrencies, which will give them a greater degree of financial freedom, but they will also appreciate the convenience when sharing these two types of currencies. However, it must be borne in mind that a decentralized cryptocurrency cannot fully exist without an ordinary currency.
|
|
|
Now I will not be surprised at anything, although it is difficult to imagine that more than two thousand altcoins accounted for only ten percent of capitalization. Even if you look at the CoinMarketCap table now, the capitalization of bitcoin is now $ 182 billion. The capitalization of ethereum is more than $ 20 billion. This is already more than ten percent of Bitcoin's capitalization. Ripple has a capitalization of more than $ 11 billion. Together, these two coins will already make up more than 15 percent of Bitcoin's capitalization. So the figure of 70 percent of Bitcoin dominance is still more real.
|
|
|
Bitcoin, no doubt, needs to be improved. Now, probably, there is no longer a coin or even a token with such low scalability. However, mixing it or merging it with other types of cryptocurrencies is not a way out of this situation. After all, this will not be the same bitcoin anymore. Then they will rightly say that Bitcoin was deliberately destroyed. Original bitcoin must be kept clean. If someone wants to improve bitcoin, they usually make a hard fork with the formation of a new fork detaching from the bitcoin.
|
|
|
The economy of a particular state can develop successfully if it uses its national money. So it was before, and so it will continue. The state should protect its economy, and not give it to the mercy of the possible negative influence of other states. If states switch to using cryptocurrencies, they will cease to influence their own economy. Therefore, no state will ever switch only to the use of cryptocurrency. Therefore, there will be no new order with cryptocurrency. The cryptocurrency will go along with the national money of states and will adapt to national money, and not vice versa. States will not be outside observers, they will actively regulate the circulation of cryptocurrencies. There is simply no alternative to this.
|
|
|
|