Bitcoin Forum
July 10, 2024, 07:51:19 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 [15] 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 »
281  Economy / Economics / Re: What if there is a natural disaster, such as an earthquake? on: October 16, 2018, 05:45:17 AM
we know if a country experiences a natural disaster, the economy will be temporarily paralyzed. because of the many damaged road access and also damaged buildings which caused the economic collapse and of course that made the country's economy go down. my question is, does it have a big effect on crypto state? we know that there is no need for a way to go, and a wide place for incapacity. but when a disaster occurs, it is likely that the signal will be lost and difficult to access. and if the recovery process takes place long after the disaster, how is the condition of Kripro that might occur?

I will be very happy with your opinion
I do not think that a local disaster, such as an earthquake, could significantly affect the cryptocurrency in this region. Usually, an earthquake occurs quickly and does not last long, perhaps even some tremors for several days. If the state is not able to quickly eliminate the consequences of an earthquake, it is assisted by various international organizations. Most likely, during the disaster period, the Internet will be unavailable, and therefore no one will be able to use the cryptocurrency. Then, in the disaster zone, it may rise in price for some time, there is no doubt about that. However, this will not last long.
282  Economy / Economics / Re: Crypto replacing fiat? on: October 16, 2018, 05:30:33 AM
Lets say crypto completely and utterly replaced fiat. Fiats don't exist anymore. All governments have seen the advantage of using digital currency and have completely changed their fiat into crypto, like dollar to dollar token(obviously not tether). How viable is this? For example anyone can see how much I am holding using the public ledger and track me down and force me into sending them the cryptos I hold. I wanna discuss in reality if cryptos actually replace fiat how life will be and what are the problems we are gonna face and the immediate effects of it.   
Cryptocurrency will never replace fiat. It is unreal and not necessary. A common currency will always be in demand and we cannot do without it. Yes, and it makes no sense to remove the usual currency, it is better to use the advantages of cryptocurrency and ordinary currency.
In addition, the cryptocurrency is generally not able to replace the national money, since the cryptocurrency has no relation to the economy of a particular state. She can only walk in parallel with the national money.
283  Economy / Economics / Re: What would happen to banks? on: October 16, 2018, 05:05:39 AM
Banks are still powerful institutions and I don't think they will be extinct for another several hundred years. Despite all the advantages of cryptocurrency, traditional banking is more convenient and understandable to most people that's why banking will be here.
Yes, I agree with you. Banks are now actually part of the state and serve the economy and the implementation of the country's budget. Therefore, nothing will happen to the banks. They will continue to work successfully and will always have their clients, since they will always serve the accounts of business structures. After legalization of cryptocurrency by the state, banks will also provide various services in cryptocurrency.
284  Bitcoin / Bitcoin Discussion / Re: Do you think Bitcoin can ruin a Country? on: October 15, 2018, 06:29:44 PM
Well, i just thought, if bitcoin become a currency of one Country, maybe it can destroy that country? Think of it, Bitcoins do not have a tax, and tax are used by the government to make that country a good one, without tax, what will be used to spend and make that country a good one?

What do you think?
Why do you think that bitcoin has no tax? In many countries, a tax on profits from cryptocurrencies, including Bitcoin, has been successfully introduced, and it quite really works. A good example is Japan, where last year for an incomplete year, the profit from the use of cryptocurrency gave an increase of 0.6 percent of the country's gross income.
Bitcoin can only deregulate the state’s economy if it is used instead of national money. The circulation of cryptocurrency, along with the national money can only benefit the state.
285  Economy / Economics / Re: If the government supports bitcoin instead of the existing currency. on: October 15, 2018, 06:16:43 PM
Neither bitcoin nor paper money has any real value, but notes have national credit support, and what if bitcoin also gets national credit? The government will lose its macro-control policy but it can also effectively eliminate inflation, two relative ratios. Is that a good result? Of course, I know that the government is very unlikely to support bitcoin, but who knows?
No government will actively support Bitcoin, and even more so, will not give up their national money to switch to using Bitcoin. If only one state existed in the world, then it would be possible. Also, the transition to the full use of cryptocurrency is possible in the event that all states unite along the lines of the European Union, that is, when the economies of states and their financial systems actually unite. In other cases, the state will not be able to fully switch to the use of decentralized cryptocurrency, since it cannot be tied to the economy of a particular state.
286  Economy / Economics / Re: Will governments create their own cryptocurrency that will replace fiat? on: October 15, 2018, 05:55:43 PM
In the next 100 years, do you think Governments will create their own cryptocurrency or digital currency that will replace fiat currency, i.e. coins, paper money, the paper dollar,  etc.?

If it does happen, will it be like bitcoin or will it still represent gold like how today's money works?
No, I do not think that the ever centralized cryptocurrencies of various states will replace the usual paper money of these states. Most likely, the states will create their own centralized cryptocurrencies to use the advantages of cryptocurrencies, however they will only go in addition to the national money of this state. Perhaps the state will create them in opposition to decentralized cryptocurrency. However, I do not think that the centralized cryptocurrency of these states will harm the use of decentralized cryptocurrency. Rather, on the contrary, people will be more interested in decentralized cryptocurrency as well, having seen the state support their cryptocurrency.
287  Economy / Economics / Re: What can be done to make bitcoin stable? on: October 15, 2018, 05:01:41 PM
That who did not do, and Bitcoin cannot be stable by nature. Even today we could observe a very sharp increase in the price of Bitcoin to $ 7,500 and again, the restoration of its price to $ 6,630. There was a negative information about the USDT and it immediately began to drop and, apparently, buy Bitcoin
  Therefore, it is so temporarily began to grow in price.
In order for Bitcoin to be stable in price, it would have to be centralized and adjust its price, which is unacceptable for Bitcoin.
288  Alternate cryptocurrencies / Altcoin Discussion / Re: Will Another Coin Take the Crown? on: October 13, 2018, 07:07:52 AM
Bitcoin is the oldest and most valuable cryptocurrency, but a crop of nimble competitors, including Ethereum and Bitcoin Cash, could lure investors away.
Yes it may well be. Ethereum may well replace Bitcoin in its leadership with cryptocurrency. Almost everything depends on Bitcoin itself, how much it will be improved and will be competitive among other cryptocurrencies. If this does not happen and it will continue to have a throughput of seven transactions per second, it is unlikely that it will last a long time among the leaders.
289  Economy / Economics / Re: Can Bitcoin really stabilize any country's economy level? on: October 13, 2018, 06:50:49 AM
Bitcoin is not able to stabilize the economy of a particular state, in any case, significantly affect this process. If he goes along with the national money of the state, he will be able to bring some benefit to this state. He cannot replace the national money of the state. This would have a very negative impact on the economy of any state, so no state will ever do that.
290  Economy / Economics / Re: What is going to happen when we reach the 21 Million BTC supply limit? on: October 13, 2018, 06:29:15 AM
Hello,
I have several questions?
The maximum supply amount of bitcoins in circulation is 21 Millions.
The amount that are mined so far is more than 16 Millions (more than 79%)
What is going to happen when the 21 Million limit is close to be reached?
Since it going to be more and more difficult to mine bitcoins, does that mean that the price of a transaction is going to be extremely expensive?

Thanks for taking the time to answer :-D
If are mined all 21 million bitcoins, nothing much will happen. However, it should be borne in mind that by 2140 a lot will change. Bitcoin is unlikely, if it lasts until that time, it will be the same as now. This will be a completely different bitcoin. By this time, the technology will go far ahead and the cryptocurrency will change dramatically, and maybe it will even be replaced by something more advanced. Moreover, we will not know this all the same.
291  Bitcoin / Bitcoin Discussion / Re: What will happen with Bitcoin if it never scales? on: October 10, 2018, 04:55:12 AM
If Bitcoin does not scale and it will have its current throughput of seven transactions per second, then it will gradually lose its popularity and at the same time its price. It will also decrease its level of capitalization and when other coins bypass it in terms of capitalization, it will lose price dominance over other types of cryptocurrency and at the same time lose its place as the leader of cryptocurrency. Most likely, Bitcoin will continue to exist, but its price will not be very high and it will be used for large transaction costs.
292  Economy / Economics / Re: We can totally eradicate poverty if we TRULY want to. on: October 09, 2018, 09:36:40 PM
If everyone wants to be united to unify their vision and mission, surely it can. Cause to eradicate poverty, it's very important to increase one's human resources first, then create new jobs.
In any case, the cryptocurrency can not eradicate poverty. Cryptocurrency in itself does not create wealth. In fact, it only redistributes them. According to the law of conservation of energy, if in one place something is added, in another it will necessarily decrease. Poverty can be gradually overcome only by technologies that accelerate or increase the growth of material goods.
293  Economy / Economics / Re: Smart people support Socialism. on: October 09, 2018, 09:22:38 PM
Einstein supported socialism.

Pyschos like Trump support capitalism.
I myself grew up in the USSR. I know well the ideology of socialism, and from today's position I can say that socialism is just a utopia, an unfulfilled dream of idiots. It seems that it was just a dead end development of society. It gradually distorts values and unofficially introduces a double morality. Socialism in the name of the people destroys its people. It is better to simply develop, improve and humanize a society without any ideological superstructures.
294  Economy / Speculation / Re: Why we will see $50k Bitcoin end of year on: October 08, 2018, 04:09:58 AM
In my view the current price of Bitcoin is only $ 6,589 and there are signs of a return. But take a look at the reality to get $ 50,000 too hard and follow me is not possible. Bitcoin will probably only be at $ 12,000 which is the highest.
Yes, I also think that the price of Bitcoin at $ 12,000 may be the maximum by the end of this year. The closer we come to the end of the year, and the market stands still, the more we realize that there may not be much growth in the cryptocurrency market this year. This will be one of the most stagnant years in the development of cryptocurrency.
295  Economy / Speculation / Re: Your opinion about the decline in BTC prices in 2018 on: October 08, 2018, 03:55:48 AM
As I said before, I do not believe that by the end of 2018 we will see growth. The bull market will not return to us before 2019. But this is my personal opinion.
A certain increase in the price of Bitcoin and other cryptocurrencies at the end of the year should be in any case. The only question is how high this increase will be. The closer we come to the end of this year, the less hope we have for a significant increase in the market during this period. Of course, almost all previous forecasts about a significant increase have already melted and we hope at least that Bitcoin will reach $ 10,000 in its price by the end of this year.
296  Economy / Economics / Re: Bitcoin's High Volatility on: October 08, 2018, 03:44:21 AM
As far as i know bitcoin has a high volatility given the fact that it is in demand in the market but i did not expect hat it is so high that it can really go from 1-100 and 100-0.
I want your insights about this volatility of bitcoin.
Decentralized cryptocurrency, as a rule, is not provided with anything and its price is not supported by anyone. This is different from ordinary currencies, the price of which is regulated by central banks. Therefore, any changes in the market regarding the demand or supply of cryptocurrencies are immediately displayed on its price. Volatility is very good for traders, it constantly revives the market, but because of this state it is not very willing to legalize it, and high volatility is a serious obstacle to the full implementation of cryptocurrency in business.
297  Bitcoin / Bitcoin Discussion / Re: NEW! Bitcoin Smartphone Coming Soon on: October 07, 2018, 04:50:49 PM
Yes, I like the idea of a smartphone with a built-in bitcoin wallet and heightened security measures from hackers. I also read that it will be possible to store altcoins there. This is generally good, since I often use a smartphone to work with cryptocurrency.
298  Bitcoin / Press / Re: [2018-10- 04]Ukrainian Lawmakers to Talk About Tax Holiday for Digital Currency on: October 07, 2018, 04:24:22 PM
So they're thinking of doing themselves out of a decade of tax? Nice for the locals who own it. The others who don't who pay whatever capital gains on their conventional assets might be less impressed. Who knows where it'll be in ten years? Maybe every single Ukrainian will abandon other assets and pile in there.

There were many proposals in the last few years in Ukraine regarding crypto regulations, and even though most of them were relatively friendly (this one is probably the most generous), none of them have managed to get to the phase of voting, they just got stuck. Most of the MP's and their party leaders don't care about cryptocurrencies, or maybe they just like this unregulated status. So, there's no chance that this bill will pass.
In principle, unregulated status is also not bad. Especially if you know that there are some good bills in the legislature. Ukraine will soon have elections: at the end of March next year, presidential, and at the end of October - in the Verkhovna Rada. Before and after elections, deputies usually pass good populist laws. Therefore, it is possible that they will soon be accepted about cryptocurrency.
299  Bitcoin / Bitcoin Discussion / Re: ICO bountiess are a hazardous threat to the value of Bitcoins and Ethereum. on: October 07, 2018, 07:12:26 AM
I totally disagree with you mate. Though I am a bounty hunter replying to this thread, because Your idea about bounty hunter is not well. Most of the hunters are not a dumper now, they are holding many coins. I can ensure you, if you check bounty hunters wallet then you will see they are holding some good coins. And the real truth is, Bounty hunters are becoming ICO investors too, they know which project will be good or bad! And Presale investors, Miners are dumping coin and Bitcoin. 1% Rewards you seem very big and they are dumping lots of bucks? You are wrong here.
I fully agree with your arguments. The bounty hunters used to be blamed for the fall in prices of new tokens, which for the first time hit the exchange. Now they are to blame for the fact that they lower the cost of bitcoin and ethereum. In my opinion, this is too much. And all due to the fact that bounty hunters receive from one to several percent of the produced number of new tokens. First, early investors have more chances and opportunities to lower the cost of a new token, immediately selling a new token purchased at a big discount on the exchange at the price of ICO. Secondly, coins are created to be bought and sold. If they are not in motion but stored in purses, they will simply be forgotten and they will be useless.
300  Bitcoin / Bitcoin Discussion / Re: Can you use Bitcoin as a practical currency? on: October 06, 2018, 06:51:41 PM
Bitcoin and another cryptocurrency is still at the stage of legalization by the states. This process is long and when it ends and the cryptocurrency will be legalized by most states, only then will the infrastructure for its practical application develop very quickly and people will be able to use it directly in practice to buy various goods and provide services. Until the time for this has come.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 [15] 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!