using one currency will certainly have a positive side to solve various problems that exist at this moment, but I bet there’ll be many countries reject that one currency before it’s inaugurated because it will disrupt the economic stability and competition. because this is just same like to interfere the affairs of the country and the country will become so dependent on the other countries policies.
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Banks would still exist even during the existence of bitcoin in the economy. ANTIcipate that they would no longer keep paper money but instead they would already accept crypto currency and thid would be bitcoin. They will accept bitcoin as deposit and they will offrt different features of security.
They will never leave the paper money, and about to accept the crypto currency it seems to be the antagonis thing that you should consider again about that, Pboc already become the best example about what already happened about the bakn with the crypto currency itself. I agree with you that the paper money will never be abandoned, I think the cryptocurrency will never able to replace the paper money because cryptocurrency will be very difficult to stabilize a country's financial system and the cryptocurrency also has no tax. if you do different transactions with paper money, every transaction will be taxed and minimum tax is 10% of the total transaction amount.
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the scammers actually have been too comfortable with their comfortable zones to gain a lot of money instantly or quickly and scammers who realize and quit are rare to found because in this world it’s very difficult if you want to be a good person if you were a bad guy
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no we can't make gold, unless we have tools to use to digs some holes and get some plenty of stones then we can mine and make gold.
You’re right and I agree with you it’s not easy to make gold actually in the web shared in this thread is not to make gold but to dissolve gold in water, if we want to make gold we also have to choose a place to mine gold. and this thread has a wrong title and difficult to understand
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I think bitcoin is a digital money that can help to improve one's financial because it can give people extra income in online world and can be withdrawn into fiat money to shop in real world, because it has pretty high selling price. I think it can improve the financial economy from poor to be better in future
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a lot of speculations here, but I agree with an opinion saying that the government let and legalize Bitcoin because it wants to facilitate the monitoring of transaction that occur rather than transactions occur in black market which is more difficult to control its existence.
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bitcoin will be not easy to destroy because if you want to destroy bitcoin you have to shut off the internet and it will postpone the technological progress. and bitcoin will also die if it’s actually blocked by the global government and cannot be accessed at all. bitcoin will continue to exist and will never be destroyed while internet is still available!!!
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for now Bitcoin transaction is a 1-way transaction, unlike paypal which has Purchase Protection. you have to make sure the reputation of the seller first, if it’s too late as now maybe you can track the information of transaction as Reid said. But before let's say goodbye to the lost money brought away by the seller.
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as we know, bitcoin price is still having very unusual fluctuations and it’s difficult to guess where it leads making it as a high risk investation land, but I'm sure Bitcoin will recover and its value will keep going to rise even if it fall many times.
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The amount indeed will be less but will everyone be just carelessly losing a very valuable thing? if the amount of money in circulation is reduced but that is not a threat for Bitcoin, Bitcoin's value will be even more valuable than ever because of the fewer supplies while the market demand increasing .
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yes, we can use it to shop worldwide but not all sellers accept Bitcoin, well many have accept Bitcoin but there are more who don’t and still afraid. maybe in few years when Bitcoin is more famous and many governments are starting to accept Bitcoin I think your question will be answered loudly "YES!"
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The problem is the processing time for bitcoin is too slow and unreliable, it's not like ordering online where you can wait for the bitcoin transaction to be processed prior to shipping the product.
The speed time is really what's delaying the wide adoption of bitcoin but this would be pretty awesome if lyft/uber did this.
Prepaid! Buy in advance and have prepaid account, then as you use they deduct based on realtime value of the bitcoin. True, it’s possible if the payment system is prepaid and every 1 Bitcoin we deposit there the value will remain same with the one in uber/lyft wallet account. This will be a big market and also increase the fame of bitcoin at the same time.
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Bitcoin is a very volatile thing, the price surely can raise so drastically though in a short period of time. The most important factor is supply and demand, then market sentiment and the created FUD. In China’s case yesterday was the news that created market sentiment then created a very large FUD and eventually increased supply and reduced demand in a greater scale.
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Bitcoin changes the lives of many people, but that doesn’t mean everyone, just a few. Therefore bitcoin indirectly changes the world either toward better or worse.
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Then there will be a big LAN in Asia without physical connections to the outside Internet, Resulting in another small Internet emerging. And we know there are large harshpowers in China.
Then what will happen to Bitcoin? Will there be two Bitcoin systems co-existing?
I'm sure that there will be plenty of ways to get around this. It would be pretty easy for people to still operate a bitcoin wallet with SMS commands still, even if all else fails. This is proven to work even in remote areas. Bitcoin is extremely versatile. Why would the government even do this, just to ban bitcoin? It is completely unfeasible for them, and it'll probably spark public outrage. If they want taxes they should be able to regulate those matters. So they just want a transparency of transaction, or maybe also want to dominate the local market.
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Investing in bitcoin can give us a lot of profit, if we invest it in a long term, but you have to be careful in choosing an investment because nowadays many investments are scam and eventually harm ourselves.
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I don’t dream too big, it’ll be enough for me if bitcoin has a high price in future, maybe for now it has more than $ 3500 of selling price. It’s quite high for me and I will keep trying to gain bitcoin little by little then I hope in the next 10 years it will sell for $ 50,000 which can fix my finance in the future
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Okay if this really happen then you’re the rensponsible one for dragging your grandmother who should have enjoyed her savings in her old age casually and you drown her into greed, you are a very filial grandson. Enjoy your life! YOLO!
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I think the increase in ethereum price recently is due to the rise in bitcoin price as well. ethereum is still depending on bitcoin so I think it's better to invest on Bitcoin, and bitcoin has been proved to have an ever-increasing value growth.
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i think this is very good news for bitcoin users from india because they can do transactions with ease and there is no fear to violate the law, i hope the government of other countries will quickly legalize bitcoin like in india. maybe this can be an inspiration to other countries that not dared yet to legalize bitcoin.
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