It's a viable option to expand availability of blockchain far from what we have today. However, I don't think it's a good decision for now since even if you covered all places on our world, not all people have access to required devices. Also, sending satellited would be also expensive since delivering cargos to space require some hefty amounts of money. I thinj it's better to improve technology here on land first then we can go to space.
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It proves that Bitcoin is continually becoming relevamt in our age. Bitcoin won't disappear as some have said in this forum. More and more institution have been adapting to cryptocurrencies and they know it's worth something. It's a good news for bitcoin and also for UNICEF since more donations may come in because of fewer limitations on transfers
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Along with greed is following the fake hype that attracts more investors until it stacks up, giving the scammer lots of money with no actual project to do. The hype is what drives these people to invest immediately without reading the paper and realizing what they've done. All investments, even on small or big amounts, should always have initial research since transfer of funds in crypto-space is irreversible. All your points are points are true and these points are what we must avoid as much as possible.
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Future of Bitcoins - What will happens to BTC
When discuss about future of Bitcoin there are lot of Articles on various forums with different opinions and stories. Few of them agree that Bitcoin will remain as it is and has the idea that value of Bitcoin will increase. Some of them say that Bit coins will collapse it's own position soon. What will happen to Bitcoin...?
I don't think Bitcoin would collapse. It's highly unlikely to happen since only few countries have banned it's use. Its trades are still running and relevant to the current age, especially the blockchain technology that is not limited to cryptocurrencies but also for other applications online, in politics, etc. Even if the prices are going down, if you look it in the long-run, I think Bitcoin would still be at top for another decade or so.
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Reformat is enough, as long as you unchecked the "quick format" option to completely wipe the drive. As long as you install genuine Windows or Operating System of your choice, you're pretty much safe. Here are some tips and facts to summarize:
1. Install genuine Windows only 2. Disable Quick Format option while doing OS installation 3. Fact: Keyloggers and viruses can't be stored on the most peripherals (e.g. mouse, keyboards) 4. DO NOT install pirated softwares.
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Of course, higher stakes give higher possible profits. You multiply the interest you had per unit of bitcoin to how many bitcoins you actually had, the higher amounts you have, the more profit you'll have. However, in the market's situation today, only those skilled in day trading would get such profits in order to buy those expensive properties. Even if you had invested high amounts, you must have the skill and patience in trading or else, you'll risk losing huge amounts.
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stupidity is so close to poverty, do you agree with such a phrase? if it yes, means the poor are the fools. I want to know your opinion. I beg to disagree. Your beginnings as a human is by pure chance. If you've born with a rich family, then you're hardwork in life is dramatically less than those born with poor families. Rich people tend to be lazy, while poor people do all that they can just to survive a day. I see more poor people really does the hard work but because of lack of resources, they can't afford to have education to raise their state of living. Fools are those born with rich/middle class families that become poor since they have their set of tools to do the right decisions. If one's born poor, you can't blame him then tell him he's a fool.
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It's a great start to begin commercializing bitcoin and other cryptocurrencies. However, I would first make sure of the company's credibility since you're trusting these machines your funds. If this would turn out as scam, then all your funds that you thought you placed in your BTC address would be gone. I think it's still safer to buy using trusted exchanges to buy bitcoin than using these machines since it is only starting. I'll wait for the technology to grow and when I see it as a trusted way to buy, then maybe I'll try at some time.
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Strangely James Bilal Caan claims that he was the founder of bitcoin.. But lost his hard drive.. Is this possible??
What you guys think about James? Why he use this type of statement.. Specially his explanation about his hard drive?
Many have attempted to claim himself as Satoshi Nakamoto but we can't really say until hard evidence has been presented. All these impostors only wants temporary fame and wasn't proving anything to us. Anyway, I don't think knowing Satoshi Nakamoto would impact the market that much, but it would be an interesting story to know, the purpose, inspiration and such.
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Make the world fully decentralized and make chaos. Imagine no people would pay taxes, government without control or tax to your incomes, properties, etc. Then the government will collapse with lack of funds. With no government, there's no one to enforce the law. Then all things will come to a downfall, people won't follow anyone, they'd live in a lawless manner. Don't expect every people has morality to always do what is right, our society ain't a perfect one. In short, it's impossible, or at least don't try to envision it. Centralized systems are there for organization, not only to control people. Negative effects of being centralized only starts with corrupt people and practices.
To summarize, I do not agree with this idea. A decentralized one is a place where no people would follow no one. It's chaotic.
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That practice is extremely unsafe, especially when it's related to your funds. There are such programs called "keyloggers" that logs all your key strokes and even logs your clipboard (copy-paste) data that may be accessed by someone else after you've used their PC unit. What's the best I would suggest if you're on a tight budget is to have a personal smartphone, as it is much safer as long as you don't install any malicious apps. Or only go to trusted public internet cafe that's premium than others.
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I don't think blockchain would help gaming that much. As a mode of payment, it can help since it opens more options on how to pay something related to the game. However, by the blockchain technology itself, I don't think it's of any use. Online games require fast transfer times to avoid delay, which decentralized system of blockchain would not be a good alternative. Aside from being an alternative payment method, I can't see any great contribution bitcoin will offer to the industry.
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From what I know so far, Google's quantum computer did no threats to bitcoin/crypto. And if it were much powerful, I'm sure Google won't crack private keys put of nowhere. If however, that quantum computer got commercialized, then researchers of cryptography had already been working out on algorithms that may be considered quantum resistant. And if ever that happens, those researchers would also have their own computer to test out different, more complex types of cryptography.
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They fear what they don't know. Maybe it's because they have not looked at bitcoin deeper to what it can do. Or maybe, it's because the officials on the government doesn't want for people to discover the blockchain technology, which is a transparent ledger that can be used not only for currency, but also for document archives, etc. They're afraid of transparency since not all in the government are clean.
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Well, that's another good news for everyone. In NGOs part, it would be beneficial since more people might be able to donate since bitcoin transactions are quite fast and fees are minimal, and there's no limit for a transfer. It would also promote bitcoin to increase aware percentage in the population of the benefits and concept behind cryptocurrencies and its differences to having a centralized system.
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What we need is more of these, to educate and promote bitcoin and the technology behind it. But I don't think that's enough, we need it to become mainstream in order for more potential investors dig in the world of bitcoin and other cryptocurrencies. Only then we could potentially reach another all-time high and make trades more consistent. The blockchain would also grow and it may be used in various aspects such as politics, government for transparency, and my other more.
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Pretty sure they've read or heard about it but that's just it, either they researched more, didn't care at all, or doesn't believe on it and opposed any argument you say as why it is beneficial to the society. It's only for majority though since not all people have access to recent news about technology especially with the third world countries.
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I also agree to have set of regulations and policies for bitcoin and other altcoins and crypto projects. This will not only build trust, but also minimize scam and thefts occurences in the crypto space. Companies that would want to launch new crypto related project would need to pass regulatory board first and have signings to further ensure consumer/investors insurance when something goes out of plan.
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Well, it's not that exciting nowadays since the hype is over to bitcoin and many other altcoins have emerged already. However, if the real Satoshi Nakamoto would decide to come out and reveal himself, it would be interesting to learn about him and what inspired him to do such technology. But as far as now, we have no leads of who he really is, or maybe it's not a single person but an alias of a group. Whatever the case is, we still can't know.
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Investments made to cryptocurrency should only be your extra money. You should always consider having backup money for emergencies. But if you have more to spare, you could start with bitcoin since you less the risk of altcoin going to zero. That's the main danger, since it's too volatile, you could lose a lot of money easily. That's why once you invest, you should be willing to lose that money in the first place. But if the price goes up, then that's a good start for you. Don't ever take loans for investments to crypto since you'll just live in debt. You could however take loan for other, safer investments.
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