At present situation government actually not so much concern about such kind of currency for that reason people are not so much interested for using this currency. it is now use as a electronic currency though computerized system.
in terms of purchase and sales bit coin holder's are safe but the lack of proper monitoring system by implementing different protocols client are demotivated for using this currency on investment projects.Every country's government should established a policy for securing those client who are holder of bitcoin like an cash or deposit account holders and this types of policy help to motivated bitcoin holders for investing different sector for establishing new entrepreneur in order to development of economical condition.
What you have highlight is the ideal thing that should happen for government to protect the citizens investment irrespective of where they choose to keep their money either in fiat by ensuring that there is security of life and property, in the bank by ensuring that banks don't fail and people lose their money and even in digital currency to ensure that the investment is safe. However, the other two options were made possible because government can regulate the way its being done and even the statistics of how its being printed and distributed. But for the latter, it can only be possible if government can regulate bitcoin and that also comes with its own cost which might be something that does not augur well with major participants or even difficult to do because of the decentralized nature of bitcoin. |
|
|
|
That's the greatest drawback of not only bitcoin,but digital transactions as a whole.When such disasters happen,neither ATMs would work,nor credit or debit cards could be used.Bitcoin is an internet currency and there is no other option to be used.When internet gets lost,half of daily activities gets stopped and when electricity gets lost,almost three fourth of activities gets stopped.But such disasters are rare and don't happen frequently.
I agree with you and thats one of the reasons why they cannot stop bitcoin because Satoshi is so wise to have attach the continued existence of bitcoin to other important things of our lives such as the internet, power, international transactions etc. If bitcoin had been existing on a unique platform of its own, then shutting it down might end bitcoin but now, there is no way to do that because it will mean crippling the whole economy all in the name of taming people that wants to be free. If power should go, like the example given by Op, people will not be bothered about the internet or the banks or any thing of such including bitcoin and because those things are every essential to human existence, they will fix it very early and everything will be back. You cannot have access to other financial platforms without having access to bitcoin. |
|
|
|
It took me just 40 days to get 100% back on my investment in Dragon foundation, one investment in Dragon foundations last 180 days, so the next 140 days will be pure profit for me. If you're not already in chain.group you should definitely consider it. https://chain.group/11644This is nothing but a scam if you are thinking you will get your investment back you are really joking around. Investment platforms like this are those that give bitcoin the bad name and people like Op are the ones that makes it available to innocent people to lose their hard earned resources. No matter the name they call it, trading, mining, savings or whatever so far the promised return is not reasonable like this, if its not scam, it will definitely turn into one eventually and the time is always short. |
|
|
|
I so much enjoy the amount of freedom enjoyed in that part of the world in the sense that even though government have not coke out boldly to take a position although their body language might give the go ahead but the amount of penetration and sitting of bitcoin ATMs without serious trouble is something to be commended in other places, I doubt if it will be that easy and part of the reason is because Visa and MasterCard services is still going on there. The concern there will be the exchange rate and charges because a lot of this ATMs will be financed by individuals and companies whose ultimate motive is profit, maintenance of the machines, payment of levies will definitely make one buy at a premium and sell at a discount. |
|
|
|
These guys look like very smart and expert in cheating investors and that's why investors can't catch them even after losing all their bankroll investment and they are coming up again with some updates.
Do you still want to invest again?
My personal feeling is better not to invest in moneypot and find some other casino bankrolls who is running honestly.
Only a fool can be cheated twice. One thing about the cryto is that, you are the best until you default I that you are doing in addition to the fact that trust is an expensive commodity around here they you don't earn it easily and when you do, don't lose it because when you do, you are not getting it back no matter how hard you try. In the case of moneypot, I don't see a lot of people putting money on that platform considering how the last one then out a and it does not only apply to moneypot alone but every other project promoted by the same administrators because here the trust is on the individual and not even the platform that is representing the individual. |
|
|
|
Today I wanted to discuss Bitcoin and why it can be a good thing if Bitcoin drops or when you see bitcoins price fall why that is not inherently a bad thing, and there's a few reasons why, for one when bitcoins price drops this is usually a price correction meaning it was getting over ball over speculated on starting to bubble up and then this price correction occurs and this bringsit back to the back to planet earth this brings it back to the level it should be.
This is good because it prevents bubbles from forming when you have anasset that just keeps going up and up and up and never going down 90 percent of the time it's in a bubble, this is why I've always had bitcoins not in a bubble, yes, there might be some over valuations due for a correction a decent-sized one but why I don't think it's in a bubble is because it has already undergone so many price Corrections there's so many times just looking at brick bitcoins charts where it goes up and drops 10% 20% 30%. It goes up some more and it drops again this is not indicative of something that's in a bubble things that are in a bubble will typically go up and up and up and up and there might be some drops but not only one or two percent drops bitcoins has had some pretty big price Corrections in its history.
So the reason why bitcoins price drops are a good thing because it's a price correction and the price is going back to its normal level.
Your point of view is what some people who continue to say that bitcoin is a bubble fails to see because what they do is that they focus only on the price by comparing from one end to another forgetting that in between the extremes several things have happened. Its just like someone comparing what happened to price between the day before to the time it reached $7800 without taking cognizance of the various ups and down that is being witnessed in between. Its all good for bitcoin to fall but the falling if going too low is what I wont subscribe to because that happening will also give them another reason to be joyful that their prediction is finally coming true concerning bitcoin. |
|
|
|
If you read how things and adoptions are going for, there is a fairly amount of demand, and a push for $10k by holders.
Do you agree?
There is really nothing impossible in the world of bitcoin after all the price touched $7700+ yesterday before retreating back to the level we are at the moment but the possibility of reaching that is what I am most interested in because with the shelving of the idea of fork in the case of SegWit, I dont think there would be any fork happening any time soon which is one of the determinant that pushed the price to an all time high in the first place but at the same time, something drastic might happen that will give much more push than any fork which among will include: 1. The proposed adoption of bitcoin by amazon 2. The various news from countries supporting bitcoin should start materializing 3. Any other great news happening. Aside that, we might be hovering around but not touching the 10k mark. |
|
|
|
Currently, bitcoin network consumes 26 TWh a year or 250 kWh per single transaction and is growing at a rate of over 1% daily (according to this website https://digiconomist.net/bitcoin-energy-consumption.) 250 kwh (single transaction!) is now roughly the same to to what an average home/household uses in a month. Is this really sustainable? If bitcoin should grow even more, how much power will be used just to run it? With this analysis, there is need to exercise fear concerning the amount of energy that bitcoin production is consuming which if it continues this way will end up consuming the entire power of a community of about a year. However, this is something that has been envisaged before the entire bitcoin will be fully mined by 2140 you will agree with me that if we are above 16 million bitcoins according to some sources already mined, then going by that trend we should even finish mining before the next five years but because of the difficulty that has been factored into the design, this will then enable bitcoin to sustain to that point which is over 100 years from now. It will then get to the point where 1 bitcoin will not be mined in a whole year and effort will be channeled on those that have already been mined. |
|
|
|
Really ! everything show that Bitcoin will become the best worldwide cryptocurrency and digital payment system soon !
So what you think guys ?
I don't think there is even any controversy against that and no impediment for bitcoin to achieve such feat. Bitcoin has been and will continue to be a trailblazer in the world of digital payment which is what several people have been using including everyone on the forum. The challenge along the line to such victory is on the basis of government factor which will want to slow down such progress as we see it. Aside the government factors are the individuals who sees bitcoin as the way to dupe others of their resources without being caught by hiding under the anonymous feature of bitcoin. When you remove those two factors, I don't see anything stopping bitcoin of even going beyond the digital payment alone, but getting to the point of recognized as an official tender in various countries. |
|
|
|
Why is Bitcoin the predominant one among different forks, such as Bitcoin Cash, Bitcoin Gold, Bitcoin SegWit2X?
Is it because Bitcoin is the most original one? Does it have to do with its price? Or does it have to do with its broad, generic name? Or because it's more widely adopted by many companies? In other words, is there some sort of complicated blockchain technology that will always make the Bitcoin most predominant one among different forks regardless of any circumstances? Is it theoretically possible for forks like Bitcoin Cash, Bitcoin Gold, Bitcoin SegWit2X to be more predominant than Bitcoin in the future? I don't know much about blockchain technology and I wonder if it's ever related to the fact that Bitcoin's the most predominant one.
The main reason that I see is mainly because the believe people have in the core bitcoin is still strong as ever and even the stakeholders are the ones pushing for the continued dominance of the original bitcoin. For example on the forum here, anything other than BTC is pushed to the alt section that tells tells you the larger forum of crypto enthusiasts had already picked a side. Going forward to the exchange sites, majority of them treat every other coin as an alt while its possible to change every other coin to btc, not every coin can change to the other forks. Another is the conversion to to fiat which is mostly predominantly on bitcoin compared to other forked coins. |
|
|
|
Cryptocurrency and the personal computers world have started to be united. Parisian manufacturer of the hardware Ledger wallet and the American manufacturer of computer processors Intel want to unite. The companies announced about their cooperation.
Will it be a success? How you think?
Businesses all over the world face several mergers and acquisitions in their lifetime and they do this for several strategic business reasons while some as a result of other reasons which are not shared with the public in which this could also be part of such as well but we are not in the know just hear say and speculations. Whether the merger will succeed or not, will depend on the handlers of the merger and those ones managing the form post merger with time being the determining factor to judge otherwise. The only thing to do as individuals is to stop using their services the moment you feel you are no longer protected by what they are offering rather than continuing with what you don't trust. |
|
|
|
|
This is one news I didn't see coming at all and even if its to other forks like BTG, I wouldn't be surprise but SegWits? With all the momentum it has gathered, a lot of wallet providers, both offline and online, exchanges sites even major exchange sites releasing statement about supporting and even upgrades are being done to fit in into the next episode of things but my fear was the motive of SegWit which is to replace bitcoin.
Our heart goes to those who engages in future trading on various exchange sites with the hope of making millions when it finally launches, this is one risk that fails to materialise. Our heart also goes to various personalities planning series of forks "bitcoin silver", bitcoin diamond etc... We say you have to develop a new project. Bitcoin has come to stay.
|
|
|
|
Good for her and for those who wants to buy her album but as for me, even though I am not her fan but if I were to buy, I would rather buy using Fiat rather than bitcoin because one month from today or two months, I would have paid more than what I am paying now to her which will then make her richer while me on the other hand bite my finger because my situation will slightly be different from the guys that used bitcoins to buy pizza some years back. I believe we all know the story. |
|
|
|
Yesterday, I accompanied my wife to a bank because she wanted to open a new account. We went to the first bank and it seems everything is ok. However, I noticed that they are asking too much questions, like what is the purpose of opening one and where are the money coming from, so I find it quite surprising. Then they asking a lot of identifications and I have to go home to find another proof of billing address. And then what irritates me is that the bank manager is asking too much question about me, eventhough my wife already noted that its not a joint account. But later, the bank manager declined our application, so I was very pissed. Next we went to another bank were my wife has a previous account but due to personal reasons, she has so closed it years ago. So the same thing happened, and I was again so pissed because my wife already should 2 ID's and the bank manager says that the signature of each one is identical. My wife reasons out that his SSS ID is like taken 20 years ago so due to time, there might be some deterioration on the pictures, and of course they might be some discrepancies because the ID is too old. Again she was declined. This got my thinking that I would not transact to any banks, though my last transaction with a bank is like 2 years ago.
Do you guys have the same experienced? I understand that this maybe because of the KYC/AML complaint but at least they should used their common sense on checking ID's or documentations.
Hardly will you see anybody who had not have any issue with banks and the likes whether currently or in the past. Your own is even still better at least you were denied to open an account before ID by that, you can then keep your money anywhere you want it at most someone somewhere will see you as a potential client. Over here, the bankers are more terrible because of the quest to increase their customer base will tell you to open the account after which you make deposits thats when they will start with series of their documents that needs to be submitted and pending the time you will make it available, there will be a ban on your money that you put there willingly. Sometimes, it will be about the maximum amount you can withdraw, other times it will be about no withdrawal in the banking halls, several other times it will be about the charges etc... |
|
|
|
Bonpay signature campaign is fraud, you will be cheated in the end. Moderator changes the rules during the week and participants easy get on the banned. His aim is to get job done (promotion) with minimum of the funds, some people get paid some not. PM is not helping at all. His signature campaign should be marked with couple red *****.
As a senior member rank of the forum, I believe you should know how things are done properly. There is a specific section of the forum where scam accusations are properly treated and addressed. If you have any grouse against the way they are managing the campaign or something they doing wrong, create a thread, add the necessary reasons why you think so, support it evidence and I am sure others will take it up from there if you are found to be worthy in your accusations. Also, there is difference between the project and the campaign manager only of its being managed by their manager itself a manager might be lacking in some activities but that is not enough to label the project scam. Do the right thing by moving the thread to the right section of the forum. |
|
|
|
The Iranian government has been conducting research into the economic and infrastructural aspects of preparing for bitcoin use in its country. According to the ministry of information technology, “arrangements are being made” to put together the infrastructure for the digital currency “as early as possible.” https://news.bitcoin.com/iranian-government-bitcoin-use/I found this new here, if you want read more about it... We are facing a truly "golden" age for bitcoin. I guess more and more country will adopt bitcoin as part of their IT. The fundamental truth is that in this era of technological advancement, virtually all the countries are kept up to date concerning current happenings around the world and the opportunity for close to equal development is open if anyone can tap in. This is something that all the countries are considering not t be left behind even if the entire population is not ready for it, those who are ready will be carried along. The difference in the countries, is that while some countries are announcing their efforts, others are setting up committees to look into the several efforts and road map to be adopted or not. But in all there will always be political connotations to every decisions that will be made. |
|
|
|
Hey guys,
I'm really hopeful about the future of Bitcoin and Blockchain system; but I'm curious about one thing. Is Blockchain capable of creating fair elections? If we can achieve that goal, that will be the biggest and most sensational innovation of Bitcoin and Blockchain for the world and humanity! What do you think about it?
If there is anything I want something I so much hoped for the block chain to used for, its the use of it for elections because this part especially in countries where there are cases of election malpractices even in the United States not to talk of several African countries that free and fair elections is an expensive product. But for now, I don't see it happening anytime soon because electoral bodies where there these are needed seems not to be moving towards technological advancement while the citizens where it is mostly needed are still in past with several ignorance about what Blockchain is all about. |
|
|
|
I don't know who is low transaction fee wallet. If anybody know please explain.
I have used both Blockchain and electrum and they both support depending on how long you wish to wait which some other times could even confirm within reasonable waiting period. In the case of blockchain.info, aside the regular 1hour+ option, there is still the other option which is for "advanced" here you can then set the fees you can afford to pay. In the case of Electrum, aside for the option of the amount of blocks you wanted, just unchecked the box and you can go as low as you wanted. Like I said earlier depending on the amount of time you want to wait. |
|
|
|
That did it!! Thank you so much for your help both of you!! Nick  I cannot but share in your joy because I know what it feels like to be in situation such as this especially if you are lost on what to do. But I am happy for that you were able to redeem your bitcoin and at the same time came to the right place to source for information be cause of you had fallen in the hands of scammers, both your bitcoin and the bitcoin cash would have gone without any sign of returning no matter how small. Like I almost fell victim of one few days ago just because I want to claim BTG got across to this site designed with every graphics you can think of concerning BTG only to ask for private key which before seeing my BTG balance which I almost provided if not I double checked. |
|
|
|
I've already seen a few ICO projects, connected with investing in real estate.
I'd like to listen to your experience, whether it's risky or not?
Who already invested and had profit from such projects!
Thanks in advance for sharing your experience!
Its a good project because its backed by physical assets based on the acquisition of real estates but the concern I have personally is based on the following: 1. What is the law in the countries where they want to acquire such asset because that is key whether individuals are allowed to acquire real estates or corporate bodies. 2. Who will be managing the assets acquired to ensure regular payment of mortgage, will they be partnering with banks to ensure that the payments are remitted as at when due? 3. Who are those to ensure that all rules are complied with to ensure return of investors are guaranteed? This and many other questions I will need to be convinced about before putting my funds in it. |
|
|
|
|
Show Posts
