I'm not that scared of this "quantum supremacy" of Google. Based on what I already read, it needs greater amounts of qubits to be able to decrypt current encryption of the blockchain. Google's quantum computer is only ~50 qubits. In addition, if scammers got hold of this piece of technology, I'm quite sure that researchers aiming to fortify current security encryption will also use this quantum computers to further future proof current encryption and make it quantum resistant.

We should educate people engaging into bitcoin about the blockchain technology that it uses. People need to be careful in sending funds through cryptocurrencies. One way to minimize the risk is to send huge funds by splitting it into smaller volumes so once you reliazed there's something wrong in the transaction details, you can stop at any point and lessen the damage dealt to your savings. But you should not always rely on that technique, you must always triple check before doing transactions in the crypto-space.

I think it's normal. People's mindset about bitcoin is that it's a more stable form of investment and is sure to stay on the market, much more reliable than those altcoins. Also, the market for altcoins is too condensed, too many altcoins are now available on the market, and the demand is distributed to these altcoins. Still though, altcoins play an important role in the market since they open the gateway to trades from alts to bitcoin. Some altcoins may not survive, but most of them will be just fine.

Without taxes, people would follow no one since the government cannot exist because there's nothing to fund the administration to do its duties to its people. That's why we cannot replace stable currencies exisiting in countries. One case plausible is that bitcoin itself would be regulated by the government. We'll still pay taxes in form of BTC but we won't be anonymous anymore since the government will keep a record of the population and will need their bitcoin addresses to see if they pay taxes. Other downsides include the market volatility and not being able to retrieve funds when lost (no insurance). The good side is, all transactions are transparent, so corrupt practices are traceable.

Maybe the first thing I would ask him/her is what inspired him/her to make currency out of the blockchain technology. I am curious of what he/she had seen or felt that triggered his/her will to create what we know today as Bitcoin. Then I would just ask if he/she does know about the current situation of Bitcoin is he/she registered in this forum. Maybe I'll also ask him/her of what's his/her plan on the next few years, is there an upcoming feature that he/she is think of, and other questions will follow as the talk continues.

But reality-wise, I don't think Satoshi would still reveal his/her identity. He/She is probably out there, just watching, or enjoying the rest of his life on a peaceful place, away from all these stress.

It's pleasing to see that regardless of people saying Bitcoin is decreasing in popularity, we see this kind of news that proves Bitcoin still receives attention from the public. Their interest proves that they had seen the potential of cryptocurrencies or the blockchain itself in day-to-day living. Even if it's only for trading to local currency, they must have known by now that Bitcoin really has a value in it and they're starting to catch up. Few years from now and crypto would be widely used from businesses to other non-government institutions.

I agree that it's not that viable of an option to use in such small amounts. However, I'm still glad of this news since it signifies further spread of information regarding bitcoin and much better, attract more investors when people had known the background of cryptocurrency by curiosity. It's still a fact that a large percentage of population have vices and one of them is smoking.

If it's premium tobacco that is bought by higher class people, then maybe it's more acceptable since prices would be way up than the general street tobacco. Either way, it's a great start and addition to continuous efforts that bring Bitcoin back into spotlight once again.

How did you come up with this conclusion? No, Bitcoin isn't getting irrelevant. In fact, more and more people are gaining knowledge of cryptocurrencies by continuous adoption of different institutions and companies. The peak on 2017 was because of the hype, but even if the price and market is low nowadays, it does still strive and isn't going anywhere from what I can tell. In my experience, different apps related to commerce, online shopping, etc have already adopted BTC and it's gradually raising in number.

Well, you can also lose that same amount you're talking if the big whales start to manipulate the market, or a negative news comes up which would trigger price dips. You either gain a lot, or lose a lot. It's the nature of a decentralized system, its price varies fast and you must be quick in taking actions or else you'll just lose.

Gold and silver are on the run since it's limited supply as rare earth materials. With fast growth and advancement in technology, these materials are also fast depleting, reducing supply and gaining market price. That's why investors are keen into buying those today rather than crypto.

However, we should not be pessimistic. I see Bitcoin or other altcoin would boost popularity since the digital age is fast innovating. Soon, we'll see mass adoption of the technology and further boost the market.

No, it's not. Bitcoin and Blockchain are two different entities.

To further explain, blockchain is an idea of having decentralized nodes (computers) connected together with P2P (peer-to-peer), with each node having a copy of the blockchain. The blockchain mentioned here is an encrypted series of blocks, with each block pointing to the next one, with stored data (of any kind you want to) in a block. Those nodes are the ones who create each block, requires great computing power since blockchain uses high cryptography that requires fast computations.

Bitcoin, on the other hand, is more of like a currency that is built around the blockchain technology. These makes each transaction of Bitcoin untraceable, anonimous, but irreversible. This is because when even a single bit of data is modified inside a block, its pointer to the next would change and all succeeding blocks of the chain should be modified to match the encryption pattern. On top of that, more than half of the nodes should agree that a modified block is good enough to their standards, or else it would be rejected. That's why the blockchain technology is reliable in handling sensitive transactions such as money.

We cannot predict the future. But as of now, from what I can tell, Bitcoin's future will still be holding its crown. We can't really say, but that's true, every technology would be replaced by another, more advanced and viable option for the people to use. Maybe it's not yet the time, or it's not yet in the making. But definitely at one time in the future, we would see more changes to crypto-space and we there's a high possibility that Bitcoin would also be replaced, given how fast people innovate these days.

People would only be encouraged to use it for daily payments if the price wasn't too volatile. Imagine a situation where a grocery shop only accepts BTC as payment. This day, your BTC could buy $40 worth of goods, but a week later, you'll be able to buy only $35 because the price dropped by almost ~10%. That's why people tend to only use BTC as a form of an asset rather than as a form of currency. Consider it like stocks in the market, only with quicker price movements.

It's because it's a much more stable coin, it's the founder of blockchain and people know it first before other altcoins. Also, it has proven its security and application, as opposed to the altcoins whom are just starting and is prone to crash if founder has not handled it right. It's true that these altcoins have more features in them, but generally speaking, bitcoin is a lot more trustworthy in terms of payments and investments. It's slowly progressing but each step is carefully done to ensure bitcoin's future.

I think the government and the media wants to influence the minds of those who still don't have an idea to what cryptocurrencies really is. They want to prevent mass adoption by saying negativity about these cryptocurrencies first before people even have the chance to research their true idea. It's no surprise that the government tries to supress its spread since they know what it can do to change the current centralized systems and it isn't limited to payment, but csn also include public cloud storage for different applications, even in politics.

A general rule of thumb in investments, if the person or company promises you huge returns in a matter of short time, it's probably a scam. Not only applicable to bitcoins, but also to other investments offered to you by other people. Those scammers feed out of people's greed to earn money quick, and will do several supporting acts (like the application your friend has) to further fool the victim and get as much as possible before bailing out. It's bad to hear but we all learn from mistakes to make us more cautious.

It's a great start for adoption but I don't think it won't attract much bitcoin buyers. The positive side is that it does not require KYC procedures so you stay anonimous. Another is that it would raise curiosity to people who can see this and would begin asking questions to what is these machines for. The negative side is that it's fees are high and it's much more convenient to use online exchanges instead. But at least, it's one way to spread the word of crypto and signifies continuous growth of the platform.

It's highly likely to happen. Just this day, I found a hotel and resort that now accepts bitcoin as payment. Everyday, cryptocurrency increases in popularity and there's no doubt more and more people are becoming aware of it by questioning and learning of it. This is good for crypto-market in general and it proves that bitcoin isn't just another instant-millionaire scam.

We really can't tell since the population can be classified to two, the ones who know how to research technology related news, and the other who just uses social media and doesn't care as long as something does work. The ones that will research will know of the flaws of Libra, incorporating decentralized idea to their centralized system would be a big disappointment for them and won't attract as much. But for people that does not have a single hint about crypto, they would treat it as just another digital wallet, and would probably use it without realizing that they're supposed to be and can be anonymous in crypto-space.

This has been discussed in a thread here in the forum. It's great to hear such news because it breaks the limitations for donations and would encourage more to donate to UNICEF. It would also promote cryptocurrencies and would raise the trust of people towards crypto since established institutions already had initiated the move to use them. Soon, more and more institutions would consider bitcoin and others that would further improve the technology and the market as well.

I think the best option to make is to watch the market more often and if the price drops too quickly, it's better to sell to gain profit than to have significant loss. That's why Bitcoin investing and trading is higher risk than other forms of investment, so one must have high emotion tolerance to make the right decisions as much as possible. The most important thing is to learn from those mistakes and use those lessons to make yourself better.