To be honest that doesn't mean anything in the long run. Just because the are getting many ERC20 tokens on bar doesn't mean that it will help the economy of crypto currency push further.
A lot of people are actually Coinbase, I wouldn't be surprised if the vast majority of its users who bought Ethereum on their platform, didn't know anything about ERC20 tokens. I'm not into Ethereum tokens so I can't tell much about their market, but many people seems to actually see some potential in them. Tokens might become a little bit more popular, but it won't be as revolutionary as introducing SegWit or other cryptocurrency such as Ripple. Unless they provide clear UI and information about buy, selling and choosing a proper token, nothing will change much.
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My first comment is that there's never been any BTC advertisement. Who would pay for it? The BTC's foundation? This board's webmaster? As there's no corporation, nor an individual owning BTC, there can't be any kind of advertising.
I don't get your explanation. I will explain below why we would even bother with advertising Bitcoin. Google is going to ban ads that are related to cryptocurrencies. It also applies to Bitcoin. Who will pay for bitcoin advertising when there is no benefit to him/her ?
We all benefit from any sort of advertisements. Bitcoin becomes more popular which means that more people are using it. If demand grows, price goes up. Quite simple, who wouldn't want their coins to become more valuable?
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Although, digital payment or cashless system is a very good initiative that should be encouraged all over the world, I do not think it will take over the world. In many nations of the world, there is still a significant percentage of people who are illiterate and do not understand how this system works. The use of bitcoin and other cryptocurrencies may increase the level of usage of the digital world but even with that, cash can still not be completely eliminated.
It might sound weird but it is a matter of time before they will die and be replaced by younger generation which seems to like the idea of paying with a credit/debit card instead of having to carry a wallet with lots of bills and coins inside. It really saves your time at the checkout. The same thing will be with cryptocurrencies, some people will prefer to stick with their plastic cards whereas their children will use cryptocurrencies instead. It is natural, people get used to things that are with them for a long time.
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If this is the case, maybe the business model is to release a new device to support more cryptocurrencies as time progresses?
Actually, that's true. TREZOR T uses different software which is developed separately. Developers mentioned that it will be easier for them to implement new coins. Some of them will be backported to the older model. Thanks for clarifying that, I'm planning to make my purchase from etherbit (authorized reseller) once the Trezor model T is back in stock. I wasn't able to notice an SD card slot on the device, maybe I need to take a closer look intot the specifications from their webpage now.
Edit: Just checked their blog post describing the SD card slot to be utilized for data encryption. I hope it also can possibly be used to expand storage space in order to possibly install some form of wallet apps (like ledger nano S) to add additional altcoins.
I guess they won't have any in the stock for a long time. Expected official sale is somewhere in the Q2 2018. SD Card was said to be used for data encryption, storing labeling, Lightning Network channels information and some extra things needed for altcoins if there won't be enough space on the device.
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1) Could you let me know what other utilities the LCD touch screen provides apart from seed / PIN entry? Does it allow navigating between wallets and display them on the LCD screen for example switching between Bitcoin wallet to an altcoin wallet to view the addresses and balances? Also is the LCD screen quick and responsive to touch and navigation?
Beside PIN and the seed, you can also enter your passphrase. You are still able to choose whether you want to enter it on the device or on the "host". Unfortunately, you can't switch to another wallet and view its balance on the device's screen. Touchscreen is really responsive, it feel just like a smartphone. You can sometimes notice black lines on the screen but it seems that it is a software bug, there is an opened issue on the github. 3) How's the quality of the outer plastic / shell as compared to the Trezor (previous model)? Do you notice any improvements when compared to it?
I still haven't unpacked my TREZOR One, but I can tell that the overall build quality of TREZOR T is quite good. It feels really solid in a hand. I'm only worried about the SD card slot. It is difficult to insert a card into it and nothing covers the slot, it might cause some problems in extreme conditions.
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Lightning Network was launched quite a long time ago on Bitcoin testnet. Now, it is available also for mainnet. As someone mentioned earlier, there are about 1000 nodes right now, it's a huge number especially if you take into account that there aren't many services which accept Lightning Network payments. It is probably because it's still experimental feature. A few days ago, lnd released first easy-to-use mainnet client for Lightning Network. I still haven't tested it since I don't have a local copy of a full node.
I have tested Lightning Network when it was only available for the testnet and I was amazed how fast BTC payments can be. You still have to broadcast a transaction when you open and close channel but it is definitely a huge step forward.
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I am afraid that banks have already started war with us. Many banks in my country terminate the contract with people who buy or sell cryptocurrencies (usually it happens to businesses but consumers are being hurt more and more often). They used to only block the transaction for a couple of hours. They are trying to convince people who don't know much or anything about cryptocurrencies that it is all for their "safety". I think I heard it somewhere before... That's a sign that they understand the threat so they are trying to fight with it.
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It will never go away. Although its value is low, it represents the development of a country. We can not substitute any currency for cash. There are many who say that cryptocurrency will dominate the world and will be the common currency of the world. that's crazy They really did not understand the nature of cash and electronic money.
I don't think it's necessarily true. Production of paper money is expensive, that's why governments and banks are trying to convince people to start using credit and debit cards. Banks wouldn't have to worry about large fiat transfers since everything would be completely digital. Of course, it won't happen in the next few years, many elderly people still don't know how to use the Internet. I doubt they would trust a piece of plastic. I still know few elder people who don't even use online banking, they go to bank every time they need to make a transfer.
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2.Making rich to everyone 3.No taxes 5.Not risky to invest for my own thoughts
I think you are wrong. A lot of people think that Bitcoin will make them rich. That's not necessarily true, Bitcoin might collapse due to for example a critical bug which wouldn't be fixed on time. Most people treat Bitcoin as an investment, every kind of investment is risky. You might lose a lot of money if you continue to be that ignorant. No taxes? I don't know where you live then. You have to pay tax once you cash out. Transactions between BTC addresses are impossible to tax, for now.
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Big companies will accept Bitcoin when Satoshi's dream will come true : A fast, secure and cheap money! Today, everything goes wrong, it's a very slow, unsecure and expensive money!
Actually, right now, Bitcoin isn't slow. Transaction fees are fairly low, about 1 sat/b, and they confirm after few blocks. Big companies don't care what was the original vision of Satoshi Nakamoto. My guess is that adoption will play a huge role here. You also mentioned Lightning Network, I agree with you that it will help Bitcoin to become more, but we are still far from its wider adoption. Bitcoin deflationary nature might slow this process.
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The majority of people seem to find a balance between a hobby and social life.
That's true, many people exaggerate this issue. Games are not the problem here, I would rather say that it depends on how someone was brought up. As someone said in this thread, there are some tokens or coins which were designed for games. Bitcoin has a chance to become used in games thanks to the Lightning Network which makes payments cheap and instant which is really important for microtransactions or rewarding players. Games that would be fun and give ability to earn money could become extremely popular.
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Then, on the reverse, there are the commentators who are suggesting that things will end badly, that the price of bitcoin can only head downwards, possibly towards zero, and are urging everyone to exit the crypto ecosystem for once and for all. Reasons they give include that digital currencies have not taken off as currencies, there is limited utility or that the price increases are based on speculation without fundamental intrinsic value.
You are right. I have seen many predictions of future Bitcoin price based on, for example, how graph looks. I wasn't surprised when they were wrong. I didn't see any news that could hurt Bitcoin that much. CP in the blockchain was obviously fake news which purpose was to scare investors. Banning crypto-related advertisments isn't that bad, some people think that it is overall good because most ads were advertising scams. There are more reasons for Bitcoin to become more valuable. Lightning Network is slowly expanding, I can't wait to see easy to use implementations for average user.
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We can't stop only because there are people who are going to use Bitcoin and other cryptocurrencies for illegal activities. The same thing is with guns. The ban of guns won't be a problem for a criminals because they can always buy one on a black market. Average citizens wouldn't be able to defend themselves. This article looks like a clear advertisement of Ripple, especially this quote: However, as long as permissionless-based coins have value, illicit miners will favor those over Ripple and its brethren anyway. I'm not surprised that they are also trying to convince people to buy Ripple, but it is slowly getting more and more ridiculous. I hope that we won't have any threads in Bitcoin discussion like: "WILL RIPPLE SURPASS BITCOIN" etc. We had enough fun with Bitcoin Cash.
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If you have multiple accounts on your trezor, it shows "newsletter not subscribed" for all. There should be a checkbox "I already subscribed".
Could you please post a picture of it? I have a few accounts and I don't see anything similar to what you described. I have refused to sign for a newsletter and it seems that I don't get any warnings about it. They could have included the information about the social media in the box instead of making unnecessary changes to the software which some people are concered about (e-mail being somehow linked to the device).
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Why would we need regulation ?
I guess that the vast majority of the Bitcoin community don't want regulation, but think about it for a moment. People don't know how to pay taxes for Bitcoin payments because their country's law doesn't specify what is a "digital currency" and in what you should pay tax (either the same cryptocurrency or fiat). Serious investors also don't know whether or not the country they live in will ban Bitcoin. Tax thresholds are also very important here. Keep in mind that governments won't be able identify who's using a specific address as long as you don't link your identity with it. They can't disable access for their citizens to Bitcoin nodes because the whole network is decentralized. I personally think that there is nothing to worry about.
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So what ways of keeping bitcoins safe do you recommend then? Many people consider hardware wallets as something that is not possible to breach because they were told so. In both Ledger and TREZOR there were discovered vulnerabilities which allowed potential attacker to extract the seed. I haven't heard of any issues with KeepKey. I was thinking of using an air-gapped computer for storing large amount of BTC and a hardware wallet in case I needed to travel and have some bitcoin with me just in case. Have you ever used any hardware wallet?
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You should decide on your own whether or not you should invest right now. We don't won't to be blamed later for the decision that should be yours. You should make up your mind quickly to avoid missing another dip. This correction lasts quite long but there is nothing to complain about. In my opinion Bitcoin price might surge really soon thanks to working implementation of the Lightning Network on the mainnet. I'll try to setup my own LN soon as soon as I have some spare time to play with it.
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Advertising Bitcoin on the television and mentioning it are two different things. I'm against advertising Bitcoin because I believe it's difficult to explain it in a few seconds. Quick and wrong explanations could lead to many misunderstandings. We shouldn't talk about potential profit, advantages of blockchain and Bitcoin are more important than profit. I don't see anything wrong in mentioning Bitcoin in popular tv series. It's always nice to see a reference to anything connected with technology.
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Also they are currently supporting less coins then Ledger so not sure if that was the right choice.
I used to own a Ledger Nano S, but I decided to sell it. I had problems with long loading times of their Chrome wallet. Quantity doesn't mean quality. When will the Model T be available on the website? I missed the preorder.
According to their Twitter and Telegram chat, somewhere in the Q2 2018. I would expect new sales somewhere near June. Is it possible to restore a trezor one wallet into trezor t if the trezor one also used a password?
By password you mean a passphrase? You can enable it in the device settings on the TREZOR wallet website. You should be able to see your bitcoins after you restore your seed properly and enter the correct passphrase.
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Actually, I received my TREZOR T earlier ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) TREZOR T now works with non-beta version of their wallet so it should be possible now to initialize the device using it. If you don't feel comfortable with only 12 word seed then you can generate a new seed on your old TREZOR and then restore it immediately on a new one. The device asks you whether your seed has 12, 18 or 24 words. My package arrived in less than 24 hours after it was sent, probably because I currently live in a country which is close to the Czech Republic. The glue from the sticker was easy for me to peel off, I left it for 2 days before I tried doing it.
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