signature verified using electrum; wouldn't personally fill the loan myself with the given collateral though. if you have any other major altcoins you could offer as collateral, shoot me a pm or an email.
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Eventually it will. I think the resistance from companies like paypal is mainly about volatility and the decentralized nature of bitcoin. But the more popular bitcoin becomes as a payment method, the more it is in their interest to find a way to integrated bitcoin as a payment method. Obviously there are challenges that still have to addressed in terms of volatility and exchange.
i think its less about volatility and more about decentralization; in fact i think the volatility has very little to do with their hesitance to integrate it. plenty of online vendors have already integrated bitcoin payments into their systems, such as newegg and microsoft (bitcoin to add store credit or something iirc), not to mention the rumors of amazon planning to integrate bitcoin payments in the future. but decentralization is one of the core tenants of bitcoin, it's the main quality of it that many organizations and companies do not like about it. this, i think, is the biggest reason many companies oppose the very idea of bitcoin. paypal, in this instance, has become one of the most dominant payment processing systems online, and holds a great deal of control. i can see them offering paypal credit in exchange for bitcoin should bitcoin go mainstream in the future, but its likely that it would cause too many complications.
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If you are aware what Cryptology that could answer your question how secured it is.
its not cryptography that we need to worry about when it comes to security, its the people using it. the very nature of cryptocurrencies makes it so that cracking an address's private key is nearly impossible, based purely on luck, and would take millions of years to brute force even with the best computers. when it comes to people however, that's completely different. computers and their security only goes as far as its users, and most people tend to be retarded when it comes to cybersecurity. easy to guess passwords, lack of knowledge, and bad general practices overall. to make bitcoin safer, we should be concentrating on spreading knowledge on safe usage practices and better security practices if you ask me.
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I can say this straight without flinching: china is dead without us! Who are they fooling? Bitcoin is catering to the world in terms of crypto transactions, trading, and other services. People from all over the world are buying, selling, spending, exchanging, bitcoins. It continues even when china does not care, hell, even if china is wiped out off the map.
Yeah china is not only the country that is contributing to the market and everyone right now is using a mining hardware to earn more bitcoins for their own interest. China is a big help to increase the value of bitcoins but it would not affect everyone even it is gone. i honestly think that a very small portion of the bitcoin userbase is currently mining; with the cost of hardware for it to be efficient and profitable, and the relatively small amount one gets out of mining, only a few hobbyists will go into mining for the relatively small amount of money they can get out of it. honestly, i think the majority of users either straight up buy the coin with their personal funds, or acquire them through work and services. as far as china goes, sure, they offer a huge potential userbase and avenue for growth, but china isnt everything. there's still the rest of the world that we can rely on, that's the beauty of decentralization. It defenetly can survive. Bitcoin is going to grow also without China, the question is what would be the speed of this growth?
it can grow, but the real question is how shunted bitcoin's growth will be without china. china alone has an excess of 1.3 billion people, that's a huge chunk of a potential userbase we've lost.
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In my point of view many people are against bitcoins because of it's greatest strength which makes it weak too.I am talking about its anonymousity and it being decentralized. People normally tend to hate things which they don't understand.For example if we talk about bitcoins to our older generations they will say that it is scam.And as the user of bitcoin can stay anonymous this digital currency can be used for many criminal activities. I think these all things make people against the use of bitcoins
so what exactly is your point here? that bitcoin's potential use for crime makes it weak? so what? anyone can walk up to their neighborhood weed dealer and pay with cash, does that make the dollar / euro / whatever weak? criminals can pay for illegal weapons with a suitcase of cash, does that make cash weak? im sure when paper money was first introduced people thought it was a 'scam' as well, after all its just paper, it's worth nearly nothing, why would it hold this much trading power? because the government said so? sounds fishy doesn't it. all the points you're trying to make can be said the exact same of the currencies in use today, you're not giving it nearly enough thought. there's something more, for the lack of a better phrase, as to why bitcoin has its strength and weaknesses, and why people aren't picking it up on their own.
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chances are very small. fiat has advantages in terms of direct payments and real value. digital currency will be useless when there is no internet reach. it is certainly very detrimental. so, the existence of fiat is still very bleached.
Although the chances are very rare that bitcoin will replace fiat, but i think that with increasing demand of bitcoin is in fact making bitcoin more stronger. i think that in such modern time it is very difficult to think about the world without internet, because internet is not only use for bitcoin for a number of other purposes. so we cannot spend a single day without internet. I think that its difficult that bitcoin will replace fiat but will surely reduce the use of fiat currency. sure, the chance this will happen might be low in the present, but how it will be in the future is all that matters. as it is, bitcoin is gaining momentum, and as time goes on, it only makes sense that bitcoin begins to take its place in becoming a part of society's norms. to be honest, i see bitcoin perfectly filling the archetype of the sci - fi world's currency (galaxy credits, space dollars, you name it), and i can only see it becoming more and more likely to be normalized as the world becomes more technologically advanced. we can't cling to how the world works as is now forever, we must always strive to adapt and evolve. no, this process will ruin fiat economy and politics will never tolerate power lose.
what if fiat is no longer a viable form of monetary value in the future? sure won't matter then if the system caves in. I am pretty sure cryptocurrencies will replace fiat in the near future. I dont think it will be BTC or any other decentralized cryptocurrency. It probably will be a coin "based on blockchain technology" which wont be decentralized and will be in "full control" from governments/financial institutions. Like russia started to roll out the Crypto Rubel.. i think a lot of countries will follow soon. I hope they wont see BTC as a threat to them and start banning it everywhere.
not so sure about the near future, the world just isnt at the point where that could easily happen, there are too many barriers to that as it is now.
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I'm very fond of bitcoin's ability to be exchanged to any other currency of any country in the world . You just need to get to that country and all you gotta do is exchange some bitcoins to that currency in your wallet and then you can spend it like you want . You can travel to any country in the world without thinking of the currency problem .
you can exchange any currency to another, you know that right? i can exchange the dollar for the euro, won yen, or pound if there was a service available that would do so. stop thinking halfway, always think through your statements before you write them down. in every country i've traveled to, there has always been a currency exchange available at and near airports, and most banks will process these exchanges as well. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fpbs.twimg.com%2Fmedia%2FCI5zgjQW8AANx9G.png%3Alarge&t=665&c=xgZYo2pfZHp5hw) What do you like best about bitcoin? Decentralization, transparency or easier to move? Or just it makes you look cool? ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) What I like about bitcoin is the fact that it is so convenient to use and at the same time very easy to earn. In other words, bitcoin is the best. If bitcoin was my friend, it would be my very best friend. I would definitely recommend it to all. so? its pretty easy for me to use and earn dollars, whats the difference here? i could say that i can use bitcoin and therefore its better than money, and it'd mean just as much as what youve said in your comment. anonymity, decentralization, good return in investment - these are my favorite features.
pseudoanonymous. but that aside, decentralization is one of the things i like about bitcoin the most as well, it gives me some sense of security at least that major events and attacks won't destroy bitcoin, and it can always bounce back with the backing of the users, not a bank or a government (although it would help).
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Answer please, ever you guys had experience with www.x-crypto.com giving BTC and obtain money via Paypal bill? This site offers perfect rate: $7427 for 1 bitcoin What if community trust this exchange job? sounds too good to be true. probably is. dont fall for it. use your brain.
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South Africa is still new to the Cryptocurrency markets. Would be interesting to know what people have to say about investing in South African Crypto Currencies.
i personally think they're going to be in the early stages for quite a while, the infrastructure to support widespread use just isnt there. first off, basic internet access needs to be a thing for the great majority of the population there to even access bitcoin. secondly, the people must have money. not just money, but spare funds they could use to get into bitcoin. without financial security, there would be no incentive to keep bitcoin and not sell it to cover living expenses. bitcoin, as it is, isnt usable everywhere, especially for basic necessities such as food. the last fundamental requirement i think would have to be education; without the general know - how on safe bitcoin use, i dont see many people picking it up, and even if they did, they'd be discouraged from ever touching it again if they were to get hacked / scammed, which a lot of newcomers do.
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In Japan, bitcoin is used as a coin. Bitcoin is paid in stores, at gas stations and almost everywhere. What is the use of prohibiting ICO?
ico's aren't bitcoin, what's not to understand? if this were to go through, they'd ban a shady at best crowdfunding method for companies (or scammers) to start up a project. bitcoin itself is still seen in a good light in japan, its not as if banning ico's would directly result in the termination of bitcoin's growth is japan, can't say the same if bitcoin itself (and other cryptocurrencies) were to be banned however. don't see that happening anytime soon though, it's too well received in japan at this point for a reversal without a drastic change in the cryptocurrency world. In Japan, bitcoin is used as a coin. Bitcoin is paid in stores, at gas stations and almost everywhere. What is the use of prohibiting ICO?
The reason for the ban might be to protect the consumers from a unregulated environment. A lot of these ICO's are simply a scam and people are losing a lot of money. I should say their response to these ICO's should rather be to regulate it and to hunt down these scammers. {prosecute them to the fullest extent of their local laws} This will send a strong message to these scammers. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) i've said it again and again, this is the more likely reason that a ban would ever go through in japan, to give the government a chance to come up with a system to regulate these practices. with a safe environment for people to experiment in, cryptocurrencies would thrive.
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considering how accepting japan is about bitcoin and cryptocurrencies, this ban, were it to happen, is probably intended to protect potential investors from becoming victims of a shady 'ico.' this being considered, i dont think that this would change the japanese government's stance on bitcoin's legality and wont result in a ban on bitcoin in the future. It has been a while and it has not happened yet. So, hopefully, this will be simply spreading FUD and nothing else ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) dunno about that one, the ico scene is pretty shady at times; some group of people asking for a couple million dollars promising to deliver something resembling a plan that may or may not even actually be finished? tad iffy if you ask me. it would be ideal if this ban was only temporary, and would only remain in place until the government organized legislation and means to regulate the ico scene creating a safe environment for its citizens to invest in.
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I agree with the statement that cash is better than bitcoin because at any time anywhere you can use your cash instantly you have no need to access to the internet if you have cash it’s mean that you have offline money and you can easily use that. Another reason through which cash is better than bitcoin is cash can used everywhere mean in every city and village too. There will be no problem of accepting cash instead of bitcoin.
why is an internet connection the deciding factor here? if im going to make a large purchase, say, a fridge, am i going to carry a thousand dollars (just an arbitrary value, going with a large kitchen fridge for the example) in cash to the store? or am i going to just carry a piece of plastic that i can scan on a machine to pay? probably the latter, and im sure 99% of people would say the same. but what does that piece of plastic depend on? thats right, the internet. without a connection, that card reader won't be able to contact the credit card company or bank to process the payment, and i won't be able to use it. this is an argument people use quite often when asked this question, yet they always, always fail to actually give the answer more than half a second of thought. it's also worth nothing that most people probably use a card 99% of the time over paper money.
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Meanwhile in Russia Putin sees the crypto currency is very dangerous to safety because it would be worst scenario for increasing of laundering of money. The offshore are no more reabile things due to recently scandals at Malta.
please. the russian government has nothing to worry about when it comes to money laundering, pretty sure putin does it himself (read panama papers and putin's involvement in them, he had offshore shell corporations to do this through). if anything, its the exposure and use of a digitized, nearly untraceable currency (or asset, whichever you prefer, im using currency for the purposes of this explanation) that they cannot control. the lack of control for what is pretty much an authoritarian government is is a huge threat, it's pretty obvious why putin and his regime wouldnt like the idea of cryptocurrencies. as for laundering money, you can do that with any existing currency or asset. you can just fake purchases at a literal laundromat for 50 tailored suits a day and probably get away with it. if you're saying governments are afraid of bitcoin's potential or use for money laundering then youve either got a serious lack of knowledge and arent equipped to have this discussion, or youve just no idea what money laundering actually is or entails.
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Especially useful in places like Venezuela! (Coming soon to a country near you!)
yes it is useful, and you do not need to exchange it to somewhere, we can use cash everywhere because it is what they are accepting. you do not need to go and find somewhere for the exchanger for you to use.it is also what is in use in every country, but then there are also disadvantage of having a cash and there are advantage of not cash, like bitcoin. Well that is the advantage of cash over Bitcoin, its availability, volatility, and utilization of cash. It is available everywhere, specific cash for specific area; its price will not make any discrepancies in just a matter of hour unlike Bitcoin, it has its stable price; and its utilization is quite very obvious. Then in Bitcoin, I've mention that volatility is also an advantage of it, since just a year ago its like $2k dollars or so but now its $5k, you see that's a lot. thats not true at all, just look at how the british pound tanked when the results of the first brexit vote were announced. the pound dropped something like 20% (not entirely sure, someone can look it up exactly and correct me if they wish) within 24 hours. availability? i cant use my dollars if i dont have my card or physical money available, the same way i can't use my bitcoin if i don't have access to my wallet and private keys. availability? credit cards dont work without an internet connection, neither does bitcoin. no cash? can't spend, and there are 'paper wallets' that can be created with bitcoin private keys as well. none of the point you present are consistent in the context of the subject, do some more thinking.
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I'm trying to understand why are so many people against bitcoin? is it the innovation that scares them? the feeling of staying behind? the fact that that money will go to the wrong hands?
Layman's insecurity that is the reason why they hate it. They cannot hold it in their hands. It is intangible. They like holding paper, coins and plastic cards. All the old world stuff makes them feel comfortable. Bitcoin makes them uneasy and jittery. For they are not making any efforts to study it. eh... dunno about that one. we live in a world where most of our money isnt even physical, its all digital numbers (in total, not just for the individual). as for credit cards, they're not worth anything themselves, its just a worthless piece of plastic with a mag stripe and maybe a chip. it serves as a way to access your money when used with a card reader. we dont even 'own' movies or games anymore for the most part, it's all digital downloads and streams. your logic here doesn't really hold when you look at the bigger picture here; this isn't the reason people don't find bitcoin secure, it's their lack of knowledge and resistance to change. I'm trying to understand why are so many people against bitcoin? is it the innovation that scares them? the feeling of staying behind? the fact that that money will go to the wrong hands?
They are skeptic of bitcoins. There goes the saying that if it's too good to be true, it would be a scam. I cannot blame them. They are not that kind of people who accepts the risks and wait for a long time. They are the kind of people who work from 9 in the morning to 5 in the afternoon. When you invest in bitcoins, you need patience and timing. That is what they don't fully understand. i agree. People are afraid of what they dont understand. In addition to that, media coverage of bitcoin is quite on the negative side. Plus the comments made by the banking leaders, people who do not understand will really be against it. i reiterate this point quite a lot when questions similar to op's comes up, sums it up quite nicely.
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I think alot of people haven't taken the time to understand what it is. But, in the coming years more and more people will be introduced to it. Showed my dad a documentary of Bitcoin last night. He seems less against it now ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) exactly this; as far as mainstream exposure of bitcoin goes, it's mostly presented in a negative way, or is presented negatively inherently because of the topic in which bitcoin is included is negative. just look at the most obvious examples: dark net markets (drugs, weapons) ransoms, all that good stuff. with something like that being the first exposure someone's had of bitcoin, its no wonder they wouldnt even bother to take the time to look more into it. of course, there are the curious exception who will do it anyways, but the grand majority do not. as bitcoin grows larger, and gains exposure, i think the public will come to accept it more as awareness and knowledge spreads.
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Now a days people are more attached with online receipts and online payments for many reasons so it will be convenient for us to pay bitcoin for online games and many other expenses. It’s now adays trend people are more addicted to this even in the fast few years online payment methods increased.
That's correct, I'm used to paying most of my bills online, I wouldn't use Bitcoin though, since I only deem it as an investment to earn more money. Usually, gamers are involved around the usage of technology and online payments, hence the reason why Steam, the largest digital game provider, started accepting Bitcoin payments. i personally think it only serves to make the company more money, more payment options means more venues for income, and with the low fees associated with bitcoin transaction, this probably benefits valve more in the long run. not to mention the bitcoin fanboys that the addition attracted. honestly, it does make it easier for the customer as well, there's no need to sign into a different payment system, or enter your credit card info. though, i would assume that they would require one confirmation, which is the shortfall of bitcoin, and may be all the inconvenience that some consumers need to deter them from using it. Why waste bitcoins in video games? You'll buy your video games 60$ in btc and it'll cost the double in the following months... But in the following months, other games will be released and yours will not be worth anything... It is a real loss money. Hold your btc or invest in altcoins
yeah agree, id rather invest on bitcoins than buying games or other digital stuffs online. also you can just download games on google for free and theres always a cracked or fulll version of the game without spending a single penny. but i guess its always a good idea that bitcoin can be used on game platform like steam and if they can implement a betting feauture with bitcoins for a much fun experience. paying for games is to support the developers and such, they did put work into it and all. but to each their own.
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