If Quantum mechanics are being used then for sure it can be integrated in the machinery of the bitcoins itself , an attack from the quantum computer can only be stopped by quantum mechanics itself. I do believe since both cryptocurrencies and quantum mechanics are being hyped for a reason! Many people will be willing to integrate them both. At the same time as we know : Not everyone will be able to own it Government websites are far too weak to handle such attack and therefore I do believe they would closely monitor the people with the power of quantum computers !!
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The reason why we haven't stated already is because the government and the people are too scared to try anything new and at the end of the day it does take a lot of work and experience to make something like that in a short while and it's a relatively new technology and thus not many IITians are not yet ready to adopt it yet.
But I do believe that nothing is unhackable!! Since all are made by humans there will be someone who do know where the loopholes are and can use them for the profit. It is a relatively new technology, only back in 2009 it was established and years after gained recognition because of increasing price of Bitcoins. Give it time , it would be used soon at more places like Patents.
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Very simple : this doesn't happen What happens is: The people usually are paid more in a rich developed country and therefore they usually go there for jobs and gets settled. At the same time it's not just one or two people but rather, the experts , the people who the government invested so much into for the education and well-being. But at the same time if they don't do it their talents remains unrecognized.
At the same time the big companies not only invest because of the brains but actually because of the low minimum wage that they would have to give to the workers, it's all about profits!
Plus am not really sure about the maths part but yes it works for Asia, most people are intellectual back here.
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There are people who do believe that bitcoins can be treated like : Gold Reason: Store of value Good investment Profits are remarkable Pretty expensive etc
But there are reasons like: Volatility Not accepted all over the world Fully digital etc Which makes it very different from the Gold itself but still at the end of the day we might say that it's the Gold in cryptocurrencies itself.
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I do believe these kind of people don't understand a simple thing " Bitcoins was made for the people so that they can finally get away from the oppression of big companies and the government itself, thud if they do any harm to the image of bitcoins , they are not gaining profit in any way , nor they are causing problems for anyone , but for them "
These kind of people cannot even appreciate an invention that was made for the people to gain some power. Especially associating bitcoins with terrorism is beyond irreparable.
This is why government wants everyone to do KYC and such even for the most private wallets !
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The funny thing is all those people who then criticised bitcoins they all want it right now. But of course loyalty was rewarded here. People supported it right from the beginning therefore it was not even that matter of luck but it was a matter of trying something new, non corrupted, non-governmental, decentralized, volatile with no backup, therefore I do believe that those people deserved it since they are the ones who made bitcoins grow in price. Plus at the same time in the Presidential elections we don't have very good candidates all of them are corrupted and I'm afraid for the economy and the well-being of people itself. *What else do you expect, there are people out there in the US who still think that chocolate milk comes from Brown cows*. The people elected trump in the first place, it should have never happened.
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Old people are too scared to try things like this , things that seem too good to be true and at the same time is volatile , this would have worked but now we are in a state of recession and no one knows for how long the banks are going to be there. At some places the bank might already be in a state where they Can't promise anything for the investors. This bitcoins and cryptocurrencies are something that they might have to learn sooner or later. We have to work on expanding the age group. During the lockdown even the stocks crashed, only the cryptocurrency market stood strong. Honestly people involved in the stock market do see this as an opportunity to invest since after the pandemic is gone they might see good gains. It's the middle class people who are so worried about the market crashing , therefore they are moving onto cryptocurrencies. Particularly most are into trading to make some passive earning as tech giants have come up with big pay cut. Not only that , but there are services being offered by the companies where you can lend your bitcoins , so the giants are also using them as a passive income. But trading cannot be categorized as passive income. ( A lot of work and skills are involved and one cannot just forget that ) Passive income is : Lending Holding Getting gains from investment etc..
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Two things might happen:
1. People might finally start using the satoshi and mini Satoshi for good due to increasing price 2. People might move on to other cryptocurrencies since they believe bitcoins have reached his full potential, it would essentially mean the developers can try and push the limit of the highest number of bitcoins that can be mined.
-*-
I do believe that bitcoins will continue to increase in price due to demand and supply. People who are holding bitcoins since the beginning would actually be benefited. It would be a positive phenomenon for the long term holders.
We have to wait till the year 2140 to see what would actually happen.
But before all this there would be adjustments needed in the code to make sure everything works perfectly. Since in the year 2106 it would be dead if the already known bug is not fixed.
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2FGkp5FhB%2FIMG-b2b6a4eaa592261de5c350ff796ff83d-V.jpg&t=663&c=GQ784G8SMZrNBg) This is the new mom of the kitten 🐈 We just need to find house for one more kitten ༼ つ ◕‿◕ ༽つ And side by side continue the rescue operation for the mom and the puppies. I have a group for it on facebook where we keep everything updated , if anyone is interested lemme know , only problem would be the language but you guys can very easily translate it in English.
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Good news: Someone adopted one kitten 🐈 But one cat in our care have gotten persistent asthma and unfortunately some inhuman animal threw out pregnant dog who gave birth in the middle of the road during a 2 day consistent thunderstorm. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2FDWXZBPh%2FIMG20200927130749.jpg&t=663&c=21sbf9De5SbORw) The mother was still bleeding from the birth when we found her, the puppies and mom needs to be transported and need immediate medical attention. I have taken care of all that , but we need someone who can donate food for her , I have limited funds and already taking care of 5 animals , if someone is interested please message me , I would give you guys link to the rescue operation we are doing for the mom and the newborn puppies tomorrow , it's flooding here , due to excessive rain everywhere is filled with puddles and therefore it's very easy for them to catch hypothermia. Thank you 💗
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The article is quite big , I believe you should more or so share the most important points that you believe are interesting so that it would be actually Read by the people.
Gamers are the kind of people are are always willing to try new things and thus it's good when it comes to the adoption of cryptocurrencies , My first transaction in terms of Bitcoins was to a person who needed them for cryptocurrencies.
Therefore I do believe gaming Industry would help , not only the cryptocurrencies but also the industry itself since the people who are involved in cryptocurrencies would be willing to try new things this way. It's more like a two way street.
Both the gaming Industry and the cryptocurrencies would be benefited this way and people would have more to choose from.
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Since the network was invented, there have been numerous cases where the experts warned us about the problems lightning network had right from the beginning. I do believe this is good that these kind of articles are being published so that people are able to concentrate on the fact that * cheaper transactions are not always going to be better for the community * What we need is : A lot of Changes in the lightning network A more opened and better review about the same Lightning network is good when you are actually trying to make small small transactions without a lot of significance. But when it comes to businesses we have to still wait for a while . But still lightning network is good since it's able to solve the problem of waiting for long time for the transaction to be confirmed and at the same time this way you can easily buy coffee with bitcoins ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) , but now a days people are arguing that they can use proof of the transactions and then solve the problem.
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I do believe that we all understand how Robots take over the jobs of the people , it is advantageous for the employee of course since it's more like a one time investment.
But then again there are hazardous working conditions no doubt , which actually is good when undertaken by the robots.
But more or so they will cause positive economic growth altogether but at the same time the individual economic growth will be halted for sure.
The big companies will continue to make profits and the small workers will be overshadowed by the profits made by the big businessmen
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I believe most of the people out there who do need help doesn't even have a retirement plan or even health insurance. Some companies do provide their employees with the same but that's unfortunate that the people belonging to the middle class family and below rarely have time to do stuff like that , especially in underdeveloped and developing countries. Only the Rich and the well off people can actually make sure to have all the plans well and ready in advance. Plus when they said individuals still employed !! Wasn't the whole point opposite? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) The unemployed should get the opportunity first above all. Plus according to Google only 36% of the people in the whole US have retirement plans up and about. I cannot understand who drafted this law in what state.
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What we are seeing right now in India is : Dominance The so called biggest democratic of the world does share some similarities with the governance of Trump. I have found Trump and Modi way more similar than one can account for , now this is merely a show of power since most of the politicians get extra money from the bank accounts of the big bankers. Cryptocurrency is a direct threat to banks ! Therefore here what they are doing is , indirectly pulling the strings to make sure that the Dominance of banks don't fall behind. - But believe it or not, India is a Tech davy country and the young generation is very impressed with cryptocurrencies , there have been new projects and at the same time people are standing against the decision of the government , but still government may impose strict regulations for the cryptocurrencies in the upcoming months or might even ban it.
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Russian government is too dominant on the people , I do think they want to do this for the following purposes: - it would be a warning for the big crypto platform , the other cryptocurrencies and the people using them - it might mean that in the following year they might impose strict regulations and might even ban cryptocurrencies - The Central Bank of Russia states that: "Most operations with cryptocurrencies are performed outside the legal regulation of both the Russian Federation and most other states. Cryptocurrencies are not guaranteed or provided by the Bank of Russia." Clearly they don't stand with cryptocurrencies and for the future wants to make sure that centralized investments are prefered by people. It's all about showing the power government has , which is absolute nonsense
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I personally have never used Bitcoin ATM since they are located at very specific locations and at the same time I do believe the wallet transactions and encashing them are more safer and cheaper https://coinatmradar.com/ I was so surprised that even Ukraine has 6 ATM's , at the same time I believe this site haven't updated everything till now. With the ATM's the government are becoming more stricter with imposing registering and fee compulsory which is not at all good for the individual ATM businesses since it takes a lot of time , a lot of things to follow and at the same time you have to pay like a fee of registration , but it is somehow necessary to prevent problems like Money laundering using fake BTC ATM's. I think before you use the ATM, you have to make sure that the ATM is trustable and the company is giving you good exchange fee.
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Apparently right now Bitcoin Gains are taxable upto 25% in Israel , they are considered Taxable Asset instead of Digital currencies. Now a new bill seems to help the cryptocurrencies and the people using them by reducing this 25%. It would not only benefit the people but at the same time it would benefit the small cryptocurrencies which may enter the market in the future. https://www.coindesk.com/israel-bitcoin-tax The proposed re-designation applies to cryptocurrencies with: a distributed issuance network, a 1 billion shekel ($288 million) market cap or more, a general use purpose and an independent origin story _*_ This aside 25% Taxation is very ridiculous. The government is not only taking advantage of cryptocurrencies like Bitcoins but they are also taking advantage of the people who hold them. Hopefully this would all be good in the near future , for now the government may or may not pass the bill. This is the height of corruption, despite cryptocurrencies supporting the countries during pandemic and making the life easier for most of the people somehow governments cannot digest this.
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Actually now a days I do believe that most of the people know about bitcoins , therefore if a person is planning something illegal he would certainly think about all the ways he can get it done perfectly.
Unfortunately fiat is most likely the biggest reason of corruption , the untraceable nature of the fiat makes it all together super easy to be smuggle , even mixing up fiat is quite easy.
The banks can store the data of all the cash with them but unfortunately they cannot individually track it if someone decides to spread it into a densely populated region..
But when it comes to cryptocurrencies. They are good , they are private , they provide freedom to people BUT with regards to the KYC which is now mandatory for all the wallets , now you can very easily get tracked if you decide to commit some crime with bitcoins and other cryptocurrencies. There are mixing services but at the end of the day it can all be tracked.
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I do think it actually depends on what you want to do with it , one cannot decide one type altogether , it is mainly dependent on :
- What the currency has to offer - what you have to use it for ? - Is that legal in your country etc....
We have to fill in many details before we can actually reach a conclusion , for some one would be better to use and for practical purposes and for others , other one.
As for me I strongly believe deFi is more important since we already have a lot of centralized ones and this gives us more freedom , during pandemic there comes a security with them too in certain countries which are really suffering from all this.
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