So after reading this article and especially the ending: One thing is for certain: having made Bitcoin less of a security worry, transparency will now be key in attracting users to new models, placing control of funds and fees in an upfront way in their own hands. I'm wondering what's stopping people from using bitcoin? And now I'm talking about people who already aware of bitcoin and how it works but still not using it. The price is now pretty much stable for more then a year, security issues are out of the question - so why we can't see in 2015 more companies switching to it, especially considering the unstable condition of moden economy? Extreme user unfriendliness, lack of wide spread adoption, non instantaneous transactions and extreme volatility relative to other assets we generally term as "money". Next question. |
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can anyone give a quick explanation or a link to help me understand what exactly is QC and QC resistant address that i keep hearing about this subject?
QC = Quantum Computing or Quantum Computer Hypothetically if QC ever becomes a threat to the current signature algorithm used by Bitcoin (elliptical curve) then a different signature algorithm could be phased in to hypothetically create new addresses types that would be more resistant to being hacked by QC, hence "QC resistant addresses". Everyone would then be encourage to move their coins from their current addresses (type 1xxxx and 3xxxxx) to these hypothetically created new addresses and then their coins would be safe from being hacked by a QC. Current generation of QC can do only very menial things like factor a two digit number. In other words QC is barely in its infancy. It is extremely difficult to do and will take years if not decades to create a machines capable of cracking elliptical curve signatures. Just google "bitcoin quantum computing" either here on this forum or on the internet in general. There are dozens of thread on this subject here on this forum. So true. When I heard about IBMs cloud quantum computer I freaked out, thinking the public would finally have a way to brute force into standard bitcoin wallets. Then I actually found out what 5 qubits worth of qc is worth towards that end (not too much) and realized q computing has a veeeery long way to go before it poses that type of threat. Now DWave might figure something out given more time.. We will see. |
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The only incentives to use bitcoin to purchase something are as follows:
You are getting a discount/promo for using btc
You already have bitcoin
The product can only be purchased with bitcoin
Otherwise, bitcoin as a payment option , unless anonymity of payment is appreciated (cannibis seed purchases for example, or sex toys) seems to cause the customer more harm than good. Why use a non refundable payment method in this age of scam?
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Bitcoin atms aren't that useful because there are too many other faster, easier and arguably safer ways to buy and sell btc. Any verified account on most services can purchase btc in a few clicks. No riding around with cash. No flimsy paper wallets on receipt paper to crease in your wallet. And most importantly, no 7% fee on buying and selling, if you haven't used one yet, they are expensive!
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I swear these threads kinda have that click bait non sense article feel to them  Bitcoin is money. Beyond my love of money, it holds no particular nostalgia. With that being said, it is superior for certain types of work (trading for example, micro payment schemas). crypto, save the anonymity, is a better solution than the money we currently use. But at the end of the day, it is and always will be $$. |
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If these coins are actually spendable, this question is pointless except for proof of concept. The question should be not how to burn coins, but why would one do so? When so many people have so little, why would one ever dream of "deleting" what could possibly feed or clothe someone in need?
This would be akin to burning ones house down as a proof of concept.
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we can motivate women through different lectures we can also motivate them showing them our own progress in bitcoin. we can also motivate them by showing the achievement of high ranked people
If this were the case, school would actually work, kids would enter the work force at age 10, and high school motivational speaking would be the highest paid job on the planet. Motivation goes a long way, but this is a stretch |
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If this gem of a situation actually happened, I would have taken the money I got from selling my btc BEFORE the price crashed and buy every btc I could get my hands on.
Then I would print out a bunch of paper wallets and roll around on them. And rub them on my face.
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My biggest problem with bitcoin is that I have difficulty earning more. Localbitcoin is selling expensive coins and the exchange that I can access do not have enough users/participants.
You could buy it from the exchanges or other sources. There aren't many companies who are paying bitcoin wages. But you can offer your services and earn it online. There are many high trading volume exchanges out there. Why do you bother to go to localbitcoin? There is a service that allows your employer to direct deposit into a special account, which then pays out to a bitcoin wallet in btc. I forget the name, Google it, but it's pretty easy to convert part of your wages to bitcoin. Coinbase is seamless enough if you verify that it's basically instantaneous. |
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One or two complementary coins might be good, like doge, ltc, Dash, but there are waaaaay too many. And bitcoin itself could exist just fine without any of the alternatives. I think there definitely should be others. When that confirmation time slowdown happened last year, all of the other coins could be sent much faster.
I disagree. Some of the other networks are way more practical for higher volumes of transactions than btc, such as doge and ltc. Now that the world is aware of the efficiency of value transfer via blockchain, you have to offer a few different flavors or everyone will get bored  |
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If Satoshi wants his coins so badly, then he can move them himself before they are destroyed.
What? Course he want's them. They are his. Leave them alone. Exactly. Why ass with his coins? While they do impose an inherent security risk, doesn't it fly in the spirit of bitcoin to essentially "regulate" someone's wallet? And how would it be clear if, when the coins moved, it can be attributed to a thief and not simply the owner of the coins? Better to let sleeping dogs lie. Might give those coins an incentive to move if we keep talking about them. |
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The biggest issue with bitcoin, ie why it hasn't reached household adoption yet, is that it's just too damned hard for the average bloke to use without a good reason. If you can understand how to use a wallet, that's half the battle, but most people don't take cyber security seriously enough to entertain holding any significant value in bitcoin. Unlike a bank, there is no fraud department to chat up and get your funds back. After that transaction hits the chain, it's gooone baby |
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I prefer bitcoin these days. It's a lot more versatile than Paypal and I can be sure that my identity is safe.
Not only that, but the fact that no one can put your money on hold for whatever reason like PayPal very often does, is a great benefit of Bitcoin that will surely attract a lot attention from PayPal users. Yes indeed. PayPal will freeze your funds in a heartbeat, and in extreme cases, it can take up to 6 months for them to finish there "investigation" and release your funds. And in the meanwhile, you will send them everything in the way of identity verification, except your blood type and a picture of your junk. That's about the only thing they didn't request, lol. Btc is like PayPal with none of the drawbacks. Go for it |
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Hello I have spent my bitcoins on a cloud mining website, and i am wondering if there is anything i can do to earn bitcoin while i wait for that, just keep in mind the following: I have no skills except for making offensive jokes, I don't have a job because I am a student, and I want to try and trade bitcoins :/ any answers would be greatly appreciated Kind regards -Some guy on the internet Just going to pop this address here: 1HNCH7C2zYTufQQ8ESSdnDs9EgfzVChMBS I would not recommend donating as the only thing you will get in return is a thank you from me  good story to looking for donation or tips,but i think it was a good way to make profit with bitcoin,and you have long term profit,so why must be looking for another bitcoin earning?its not enough for you to have good investement on cloud mining?or afraid to be scammed?? Cloud mining is never an investment due to the inherent risks underlying the asset, as well as the lack of regulation that compounds the risk and makes seeking damages nigh impossible in the event of operator default. Hodl your damned coins people. Or invest in a coin with a sound business plan and hodl that. Think long term when you invest money in these technologies, they are very new and subsequently volatile. |
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Earning to augment my day job income is what BTC has given me over the last few weeks. What I'm earning now in BTC is not enough to put food on the table, but at least I could spend it on our utility bills. I'm not much of a gambler so I don't really have other means to improve my what I'm earning here.
I lived off of bitcoin for about 3 years. It's just like living off of money, because that's what it is. You quickly learn there isn't too much you can actually buy with bitcoin, except fast food and clothing/home decor. Oh, and a grip of game credit. There is no way to directly purchase life essentials (gas and groceries), Wal-Mart was ass about accepting gyft back in the day (this has since improved tremendously). But as far as pay, it was enough to support three adults with money to save, it just depends on what job you land. Here's a tip. Never accept a job with a payrate denominated in bitcoin. It's lovely when the price goes up, but when the price goes down (as it so often does) you may find the bills getting tight for seemingly no reason |
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They are too powerful to disappear just like that. I`m sure banks will enter in blockchain world in one point, they have money to invest in what ever they wish and for sure they will try to take a piece of cake for them. I think banks are evil thing in this world and I would like them to disappear, but that can only happen if people of this world unite against their system. For now that is even hard to imagine, almost impossible in this world of constant wars. War`s for what? Indeed. There is too much money invested and interested in keeping the banking system working exactly the way it is. There simply isn't enough money in btc yet to fight all that mammon. The banking interest permeates every facet of our lives, the banking industry is a perfect example of money wielded like a weapon, rather than a panacea. Now, they will use the parts of bitcoin that further the goals that have already been in place, but there will be no upturning of the proverbial apple cart because Mr Koch and Mr. Buffett wouldn't appreciate that too much. |
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What about some one that doesn't live in Colorado, but isn't dumb and is assuming you are talking about pot, and is curious to hear the proposition anyway?
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It's hilarious this thread still has legs, and please, please never encourage anyone with this attitude to obtain a pet. This is the stuff that animal planet neglect special series are made of. Pets are companions, not subjects. Sometime tools. But never things to be lorded over.
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Just tell them, "hey babe, I've got something for you, but this is an online money and you can only cash it out by exchanging it. And after we converted to real money, we now have our date and buy anything what you want."
First you need to tell her how to earn it, spending is very easy and doesn't require any efforts but to earn it requires great level of dedication. Yes, you should have to teach her the earning method also, as when you give her some coins she will use them and will then forget it and when you teach her about its earning she will come here for it whenever she need some money. But why? Not a personal attack, more a thought point, but why would anyone, male or female, predilect for a type of money they can only spend at select locations, or have to utilize an exchange to convert to USD? In a USD society (Merica) ultimately all bitcoin will be appropriated or value pegged to USD. Hence, infinitely easier to just use USD in the first place. Most people could give a good god damn about where the money came from, just that they possess it and have the permission to spend it as they chose. Females will start using bitcoin when companies start marketing products that females use it's certainly not miners or bullion. Unless we melt that bullion into some fashion jewelry.. |
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Actually I dont believe on person claiming he is Satoshi Nakamoto. Many people said that many times and they are all troll. I dont get the point why these people trying to claim that they are Satoshi.
This. The only motivation I can see for revealing ones self as satoshi, without having the keys, is to affect the price short term. It's obvious no one will take any claimant seriously without the keys, so I have to seriously question the motivation at coming forwards knowing you will be ignored in a short while. Because only satoshi would have the keys |
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