Has anyone done any serious studies on electricity consumption due to cryptocurrency related activities like mining? Possibly with comparison between different currencies and feasibility of maintaining such consumption? Is there an argument to be made for or against them in the context of global warming?
Bitcoin was started as an alternative to present monetary system. Now compare the resources used in Bitcoin development (mining and other expenses) to Monetary System (banks, ATM, running costs). Bitcoin hardly utilize 1-2% as what utilized by present banking and monetary structure. And what about presence of 2 AC in 10x6 feet ATM room? Do these ACs contribute nothing to Green House gases? Re-think!  |
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"Bitcoin is banned in many countries"
I see lots of newer users and even some older, more experienced and knowledgeable users on this forum say it. Where did it come from? If you hand half a brain to read Bitcoin news (coindesk, cryptocoinsnews and news.bitcoin.com are my go tos), you would realise that all recent events regarding governments and Bitcoin are mostly just anti-money-laundering restrictions, not bans against cryptocurrency.
This is one of the possible outcome of underdeveloped minds who mistood and mix different articles and give birth to such rumors. Don't forget, our forum even got those members' population who keep applying for campaigns which clearly state in title- 'FULL' or 'CLOSED'. Recent waves from China about exchanges meeting with Chinese authorities is another catalyst for such rumor. Just from meeting, people blown a balloon of Bitcoin ban in China, amazing  |
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The supply of circulating BTC is now less, at least for a month or possibly longer. Should not a decrease in available supply increase the price?
Ah! Maybe your calculations can be opposite! People having Bitcoin may try to get rid of it and sell it on exchanges for other web money while those who don't have Bitcoin may not wanna have them now due to ban of exchanges. This will has drastic impact upon demand and price will fall! " Bitcoin is most difficult security to predict!" |
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Banks are institutions which deals in fiat currencies. So the direct question lies can bitcoin makes FIAT disappear! Obvious answer is no! It is pretty utopia to say everyone in this world uses Bitcoin to transact! Bitcoin is still under adoption phase. So in Global Economy's Balance Sheet we can show Bitcoin as- I. Non-Current Assets (1) Fixed Assets (a)Capital work-in-progress i. Bitcoin  |
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I am earning bitcoins in many ways and there are a lot of sites that are giving free bitcoins, faucets. Just applied into a signature campaign and that is one way to earn bitcoins. Though I am not mining, my causing do, and I think it is really great to have a miner, though it is causing too much I think.
Lot of sites that are giving free bitcoin!! ?? Which site bro?, I want to introduce with those site. The facute mining is considered Waste of time. They can't give you regular income If someone have huge referral then he/she might be be able to earnn some Btc. But without referaal you cant able to earn 2$ in a day. Agreed with you that the Signature campaign is a good way for earning Btc. Yes, you are right. Regular definition of faucet says- 'Free distribution of cryptocurrencies and coins for promotional and early adoption purpose.' But people mislead it with way to earn Bitcoin. Faucet can't be considered as steady means of earning Bitcoin, most of faucets depends upon financial capacity of faucet owners and people lists alter everyday since most of faucet owners are amateur and teens. So better go for other means, mine favourite is alt trading, signature campaign is handy while the best is to start Bitcoin business |
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How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
Three very likely reasons you mentioned. I will comment on them one by one. Value Decrease - I don't think value decrease can be a reason for Bitcoin end. Bitcoin has history which shows downfall from $1100 to $300 and again rise to $1100 so its not major reason. Legal issue- yeah, this one can be a prominent one but only if occur on large scale. If more than 100 of countries ban its use and make strict law against its usage then Bitcoin may come to end. But there is no major issue at present with Bitcoin which can enmark its ban. Advance Technology- Evolution is rule of life. Everything exists is meant to be evolved in something better in future. But at present, this is not big threat to bitcoin end since we all regard "Cryptocurrency the future of currency". This statement on its own declare there is much left for cryptos. |
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does that mean the last payment for Qtum campaign will be next Tuesday?
Yes. Thats right. With 15% bonus. Suppose this week, you made 0.03 BTC, then you will receive 0.0345 Btc this tuesday! |
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Seriously!! I mean paying miner fees will widened the gap between rich and poor!
OK, tell me one thing. Poor is poor, if he couldn't pay higher fees, he doesn't even trade the higher amounts. And paying fees 0.0001-0.0005 BTC behind transaction worth 0.01-0.05 BTC is still the cheapest than lethargic banking system! If you can't imagine poor paying several bits in fees then don't even imagine him trading 4-5 BTC! BTC is currency meant to curb high banking fees and it is successful by now!
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An Inventor is not important, an invention is what matters!
Fame, money, reputation, respect is not all wanted to live. People may live a most happy life by getting inner satisfaction. Even if you study Maslow's need hierarchy theory, he had placed 'self-actualization goal' at the top. Achieving what one's biggest dream is all better than money and fame!
Maybe, Satoshi belongs to such race of psychology, who knows!!
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Here is a interesting, hypothetical situation. What will you do if there is a MLM scam going on and it is in early stage. It is assuring 10% monthly return in bitcoins (of course it has that referral bonus part as well but it is optional, you don't need referral as you are getting 10% on your investment.). B'cause of it's early stage, people are investing happily and getting returns monthly. In short equation of incoming source money > outgoing money. By looking at situation, let's say this scam/scheme will go on two more year. There are some people who rip benefits from these kind of scams/schemes as they invest very early and in large chunk.
Will you invest in such scheme well before it vanishes with bitcoins/money?
The scheme you indicating is not consider MLM. It is a type of HYIP or Ponzi. MLM refers to Multi-level marketing and consider legit by some people. It has all to do with referrals. Now coming to HYIPs, yeah! there has been a significant rise in their number over last year. Main reason is people's greed to get more and more. Mahatma Gandhi had better said- "There is enough to satisfy human needs but not greed." These HYIPs' owners, I would better say Web Serial Scammers took advantage of this human aspect and make big money. Another aspect is unawareness among people. They think such opportunities are legit to increase their Bitcoin! However, if someone ask me, I completely reject investing them regardless of time. |
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As long as there has been no coin better than bitcoin, I'm sure that bitcoin will always good of its users. Can't argue with that other than as a money for a great transaction, bitcoin is also very profitable for investment short or long term.
I am a kind of agree with you. "To make a line smaller, draw a line bigger than it." Bitcoin is still a leader in crypto world and the first choice of crypto users. Also there is a constant rise in crypto users. So its completely absurd to say that Bitcoin is dead. Rather, its use is increasing everyday. This can be verified from its price. After all, Bitcoin is best performing asset over last 2 years. |
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Hi,
I'm really curious what in your personal opinion the price should be - where do you think we should be in means of adoption and infrastructure.
We currently have price of about $1000 per 1 BTC, do you consider it as about right, overvalued or undervalued in all and all?
Please vote and if possible please explain why you voted in this way below.
Thanks.
There is nothing like overvalued, undervalued or right for the prices of securites and investments. Determination of price is always a fictitious concept! Moreover, bitcoin is a virtual good. Is there any way to determine the intrinsic value of Bitcoin? Indeed no, moreover hardly there exists any intrinsic value of Bitcoin. So price of Bitcoin is detemined by faith of people in currency, demand/supply, etc. So for now, it would be good to remain at $800-1200 |
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I spending bitcoin for some online transactions, I like shopping online and when it finds there are sites that accept bitcoin then I'll often shopping at these sites. I'm happy with the existence of the bitcoin because it makes everything so easy.
where you used to do shopping using bitcoin, is it stuff online or offline, and what the site is located in your own country? because I find it hard to find stores that accept bitcoin in the my country I dont agree! Bitcoin has made great impact on financial market. At present, one can easily puchase domain, hosting and more digital goods with bitcoin. Along with such services, people are also innovating something better with bitcoin. Have you known the following site? https://purse.ioThis site allows people to buy goods on Amazon with bitcoin. Instead of blaming others about non-development better we should give our share in Bitcoin fame! |
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Since bitcoin is so volatile do you think i'll save more if it is in fiat or in bitcoin?
This is the most popular question among btc learners but easiest to answer for btc users and enthusiasts. Obviously, Bitcoin! Next aspect comes why?? The volatility of Bitcoin can easily satisfy this question. Due to huge deviations in btc price chart over time, it is most profitable asset. Bitcoin is best performing asset of last two yearsAll one need is courageous heart! Also everyone gets a single life, better fill it with risks and thrills to get complete enrichment |
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What would happen if everyone would use only bitcoin as main currency?
What do you think?
If Bitcoin becomes world currency! Then the concept of economics will change drastically. There will be a shift from country's economy to global economy. Government budgeting and forecasting will become nuisance since government will loose control from country's wealth. Calculation of National Income will become impossible. More power to World Bank and IMF since all countries would have to listen them. |
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offer is now closed. Who so ever will join after this will not get paid. I have seen several members joining campaigns even after they closed, such members are welcome but they won't get paid
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New signups have been paid! Thank you all!
2 users bappa and holovko didn't click ads so no payment!
Who else wanna join more!
Thanks. I received the payment. can i register more? |
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New signups have been paid! Thank you all!
2 users bappa and holovko didn't click ads so no payment!
Who else wanna join more!
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if you have a big capital it will be easier to generate passive income but if the passive income we get from businesses that still needs a lot of our intervention, I think it's not a good idea. I prefer to invest in rental property because it was more practical.
I believe there are a lot of real time opportunities to generate passive income with lot of capital amount when compared to online opportunities. We could not find many legit opportunities online even we will be ready to invest very big capital amounts. Based on a rental trend in your country, you can earn handsome by renting out properties. Big Capital is just one of the aspect of generating Passive Income. It is still possible to generate passive income without big money along with your 10-6 job! I have many friends, along with their job, they are generating good money online. Best is again- Bitcoin. Bitcoin has offered wide earning opportunities to people. If someone has skills like designing, article writing, etc., Bitcoin can offer passive handsome earnings to people. |
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