Bitcoin would only be illegal if it was banned. What you could say it has not earned yet is the recognition of governments and bodies of law over the world. This could make it appear more legitimate and stable in the eyes of potential investors and help the economy grow but bitcoin as a network can function without the approval of any government. That's all thanks to decentralization.

I am very much surprised someone decided to bump this thread with a review. It's been much more than a year since I posted this and I don't see why any cloud mining website should be trusted. Especially one that started out with bad practices such as faking reviews. I'd still advise everyone to stay way form Hashflare.

I think that it's better to wait on such tokens. The risk is minimal anyway so why not wait for a market spike or a rally? Such sentiments could take time to be part of a crypto market after an airdrop.

Of course it is not possible for bitcoin to lose its value. Monetary value in FIAT currency has nothing to do with the inherit value of bitcoin. It is backed by a huge mining network that also happens to be the biggest computing network on the planet. People should really understand that bitcoin is the most secure way to transact value on the globe and hence its high value. It can never lose value.

Bitcoin to me is a great store of value but also a robust way to transact wealth with sufficient proof like no other payment medium can provide. But it can get quite expensive for microtransactions and fees rise along with increased usage. There are advantages and disadvantages that users would need to take into account, but to me there's no other than bitcoin.

I'm pretty sure it would be against Reddit's rules to manipulate voting, especially with paid upvotes as an incentive. In the past, Reddit admins have permabanned domains over this reason. I'd advice startups to be careful. Asking supporters to join a Reddit community is enough.

I think that over time, buying bitcoin continually isn't all that helpful. Perhaps waiting for low entry points to potentially trade is more effective way to multiply bitcoin holding. Trading isn't for everyone of course.

In my opinion Amazon wouldn't be all that interested in implementing bitcoin or cryptocurrency payments in the near future. Of course, people in support of bitcoin would be interested to support the adoption of bitcoin but that doesn't really mean that there's huge overlap between bitcoin and amazon users.

Why is it that governments aren't doing this job well? Countries can thrive where organizations make it for corruption to be against the interest of a government. On the other hand, countries with a lot of corruption fail to distribute wealth through capitalism due to centralization of wealth to the few fortunate having good ties with a government. Bitcoin can do well under a system of government.

Coinbase can't keep adding every altcoin, it'd end up for their services being too hard to maintain. I believe that the cost should remain low for them to offer what they offer to a large base. I'd rather have lisk users trade their coind to deposit in whatever crypto coinbase already supports.

There is not much in term of inside knowledge being made public. This thread could very well be a bait thread to promote OP's own investment in an asset...

I think adoption is important and Bitcoin would have to be developed in a way for it to allow adoption to happen without causing any issue. Fees rising for example is an issue however...

that's comparing apples to oranges. Not many similar things between those two. Amazon has some of the best, proven services in the market while syscoin is under development with the expectation that perhaps a stable system could maybe come out of it ready for use and if and only if there's adoption it could scale to cover a market. Amazon's decentralized structure allows for very fast scaling.

The feasibility of that happening is questionable. Bitcoin dosn't scale well with use. It's good as an alternative but increased usage makes transactions more expensive for everyone due to fees. A good scaling solution could have this addressed in part perhaps for BTC to be used by a larger group. In reality though, it'd be very hard to expand to global currency levels.

If 2x receive support form at least some miners that are to leave the bitcoin network, the difficulty would only fall if the gap wasn't filled. In so far, due to the purported difficulty rules of a supposed 2x fork I don't think that it'd gain too much support from miners that are on bitcoin. And that'd be the case for at least a couple of difficulty re-targets unless an exception is made in the rules.

It is very interesting to see how a public university can accept non-state means of payment, especially for a country that manages its own currency. This is in my opinion a good example of how bitcoin can co-exist with state means in a country.

That's why many altcoins rose in FIAT value while BTC was rising on price. Some went through their own bubbles in the meantime but among all bitcoin scores the biggest total gains in whole value as a single entity market-wide.

I think that you should post a more presentable showcase of your services in the service announcement board of this forum. Where is your company registered? Any pictures of your data center? Those'd better be in the announcement thread.

We don't really need all that many. I believe that every altcoin will go though massive devaluation once side chains for bitcoin are established and tested throughout.

If that's the case then I don't think that this is a risk worth taking. It's easy to know the issuing bank from the bin of a cc number.  Gibraltar (most Bitcoin debit cards) probably wouldn't be ok for Bing.