I wouldn't say it is too complicated for the average folk
Agree. It`s not that complicated. One just need patience, basic financial literacy and will to explore this territory. Today everybody can enter this market but not everybody gets what he or she expected (like with any other activity).
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Crypto buisness is kinda stressful thing like any other buisness. If you have mental problems, I`d recommend to visit a doctor or just try to relax and not panic. Stress is a very harmful thing and it`s better to prevent diseases than to cure it.
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Until there`re no legislature devoted to cryptocurrencies, no politicians who understand and accept it, there will be no cryptocurrency education. It`s officials who create educational standards of all kinds. So for now everything that people who try to get acqainted with this area and also professionals can do is to track relevant communities and leaders of crypto-world.
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So we cant blame bitcoin existence because even without bitcoin criminals are everywhere.
Right, let`s just look at crime rate at any country. Cryptocurrency is a modern technology that is very young and it attracts criminals who use the disadvantages and blanks in a legislation to commit crimes (rob wallets, start an ICO, collect money and then disappear etc). But I hope that as soon as officials realize all advantages and opportunities of bitcoins and cryptocurrencies in general there will be no place left for criminals. And what is also matters is that there`re a lot of news devoted to crypto-crimes and those who are active users they track on a regular basis all the relevant information and know how to secure the information.
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Bitcoin users have fear of governments because politicians can`t secure the future of cryptocurrencies. There`s neither universal law basis for it nor some kind of global understanding how cryptocurrencies work. Governments want to stay focused on money but cryptofuture is coming faster than they expect.
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Child pornography, drugs, kilings, other crimes and perversions...There`s a Darknet website as some of you may know where all of it is permitted and they use bitcoins. But I think that there`s too many hype about it. Such crimes have existed for a very long time and now with the rise of digital technologies they became more accessible. And criminals use the modern currencies to hide their financial traces. But one should blame people who do it but not bitcoin, that is just an alternative payment system. Who knows what kind of currencies will be invented tomorrow and will we blame it again? As one of users wrote - blaming bitcoins for crimes is like blaming doctor for using a knife!
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A very nice answer. Dont blame the tool, blame the abuser. You do not blame doctor for using drug in performing surgery. You dont blame cook for using knife. Blaming bitcoin because of it is used for illegal activities really not suitable
100% true!
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Moral panic isn`t good. So for instance if terrorists use phones, cars, air should we ban it? Every invention and every good thing can be turned into evil. As proverb states - there`s no good without evil. It`s up to cryptocommuite to bust myths about it by launching projects and startups that matter!
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I think that the time will come when officials realize all the advantages of e-currencies. For now there`re different cases all around the world, every country has its own attitude about bitcoins. Some countries ban it completely other go the path of legalization. I wish there would be legalization of cryptocurrencies and an adequate legislation.
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Ive read an article about Bill Gates saying that cryptocurrencies kills people. He explained that crypto provokes people to hide thier financial transactions from the government, and revolutionizing terrorism, financial crime etc. Some people use crypto to buy drugs, bombs, guns that are use for drug dealing and terrorism that kills people 'in a fairly direct way'
I think Gates is somehow right about this. But i think it depends on the people who are using cryptocurrency, if they will use it in a good way or in a bad way. What do you think?
Gates is partially right. Of course there`re risks connected with cryptocurrencies...But killing...It`s up to people themselves to make their own choice. If e-currencies disappear bad things won`t stop. The same statement (about killing people) can be made about money.
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and probably our worldwide money soon.
Hmm, I think that it won`t happen in the nearest future.
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The answer is simple - for some people it`s an opportunity, for others - it`s a challenge. It depends. But one should turn challenge into an opportunity. It will take time and resources but who dares - wins!
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500$ for Cola - you must be joking. It already costs more than it should be. But such a comparision looks kinda strange. It`s necessary to learn how crytomarket works and then you will review you point of view. Of course you may loss but...If one knows what to do the risks are minimal. Entering cryptomarket is a risky game but as the saying goes: nothing ventured, nothing gained.
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Of course Bitcoin won`t destroy the world. But serious changes in economics, money flows has already happened - there`re more people in the industry, more e-currency of different kinds. We can say that digital economics is on the top now. There`s a lot of scam but however it`s just a question of time. They will go away as soon as the market stabilizes.
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Nothing and no one can destroy government, no technolgy. There are those who command and those who obey. But bitcoins can dramatically change the current structure of workforce and financial flows. There will be just more space for making money and more opportunities for spending them.
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Hope is a very strong word. I`d say that it`s a technology that allows people to get richer just using their skills, patience and financial savvy. It will make people more free.
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Hmm. History teaches us that mankind can`t live without government. There always have been those who rule and those who obey - since the very beginning of humanity. But bitcoins can ease transactions and make traditional sectors work faster and what is the most important from my point of view is that they can eliminate or wash away many specialists in certain areas of economics and thus multiply the number of unemployed people.
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I think legalization won`t happen in the nearest future. Goverments and politicans don`t want to risk and they don`t want to get rid of their power that is given to them by money, banks, transactions. They don`t want people to enter innovative areas because it`s way too hard to control them. They just don`t want and don`t need to spend money and time on solving this new problems. However, progress can`t be stopped and there`re more and more professionals from different spheres enter this market and start the digital changes.
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I don`t think that Bitcoin Forum will be able to replace FB and Twitter for now (at least in the nearest future). If you take a closer look at the recent statistics you will notice that the number of people who visit FB monthly reached 1.9 billion in 2016. What about Twitter...in january-march 2017 there were 328 millions users who visited it. This social networks along with Instagram have proved to be user-friendly, fast, useful and convinient. Moreover, people got used to it and they will hardly gave them up. And what also matters is that there`re still many people who didn`t hear about crytocurrencies, blockchains etc. The situation won`t change until officials and politicians come to some sort of agreement.
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Everyone is now obsessed with coinmania - "I've heard that I make a lot of money, so I have to try it." That's what everyone thinks about. In fact, I'm not sure if these people's decisions are rational. This looks more like a fire, that everybody keeps up by pouring his portion of oil.
You are absolutely right!
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