Good things will always prevail. The ban on cryptocurrencies cannot be justified and I believe over time bitcoin will cross all the hurdles that are keeping it away from massive adaptation. The blockchain technology usefulness which the bitcoin is created on cannot be overemphasized
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ADAB Solution the First Islamic Cryptocurrency Exchange has been build base on the norms and value of Islamic principles and value having that I believe bitcoin is acceptable in Islam
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There is nobody, government or group of people that control the circulation of bitcoin. This attribute makes it different from the fiat currency that is control by the central banks of nations
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The lighten network is not doing much for the price stability because it is not a factor that determines the price of bitcoin. what determines the price are : 1. supply of bitcoin and market demand for it 2. number of competing cryptocurrencies 3.exchanges it is traded on 4.regulations governing its sale 5.it is internal governance.
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One of the attractive features of cryptocurrencies is its decentralization and not controlled by anybody. Having a Central Bank of Cryptocurrency means the cryptocurrency will be centralized and control by the government . The created crypto coin of Central Bank of Cryptocurrency will not be different from the fiat currency except that it is virtual. This is not the reason why crypto coin was created.
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Many do not see Bitcoin as a means of payment because of its high volatility. It unstable value will not be a good medium of exchange. Most use it as a means of investment HODL to make a profit
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The good thing is that a lot of people are coming to terms with the use of cryptocurrencies even if they do not use it. There is a great awareness. Some have invested and others are watching to see how it goes before going the crypto wagon.
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The cashless society will eradicate the use of cash in our society because it is more convenient and secure. The use of cryptocurrency will be on the increase as it is cheaper, secured, transparent and immutable cryptocurrencies are the future and people will use less of cash
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I think the ICO investors have more impact when they dump their coins than the bounty hunters. The total token assigned to airdrops and bounty hunters are negligible that they do not have much impact when dumped by the bounty hunters but when investors dump their coins the impact is more
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I understand how you feel. I have taken part in bounties that have failed but giving up and feeling depressed will not solve anything. Investigate any bounty you want to partake and follow those that have reached their soft cap .
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Having a Bitcoin ATM is a good thing to the crypto user and the crypto space. It will increase the exposure of Bitcoin to the mainstream and as well make it easy for the crypto user to spend his cryptocurrencies in the real world apart from online purchases
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It is always nice to have important personalities take interest in the cryptocurrency and acknowledge them. It gets people thinking and they can influence the use of cryptocurrency. Imagine if bitcoin is accepted as a means of payment for Tesla.
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It does not matter if the government and banks accept Bitcoin as it is currently in use without their acceptance. Bitcoin was created because of the influence the government and banks have on the fiat currency. If the government and banks control bitcoin then the aim of creating it in the first place is defeated.
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Bitcoin cannot be destroyed by China even if they have 75% of bitcoin miner. They can only slow down its growth as other countries are using and mining Bitcoin too. The growth rate will only be slower. Remember, Bitcoin is decentralized and cannot be control and anyone
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The Waves-NG platform handles hundreds of transactions every second. Besides being the fastest, It is the most scalable of all the consensus protocols. How true?
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The two coins cannot be compared as Bitcoin is the source of inspiration for all altcoins. The Waves protocol is indeed faster than bitcoin in transaction processing and so is most newly created coins.
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How can Bitcoin be a Ponzi scheme or fraud? A Ponzi scheme is built on treachery and lies. It lures investors and pays profits to older investors by using funds obtained from newer investors. Bitcoin does not work this way. It is a digital cash that can be used as a means of global payment transfer and investment.
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If this happens then the aim of creating Bitcoin has been defeated. Bitcoin is not created to be controlled by anybody most especially the government.
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ICOs are not killing the Bitcoin. They are exposing the mainstream society to the use of cryptocurrencies. I agree that majority of ICOs are scam project that are out to defraud the unsuspending investors of their funds. Still, there are genuine ICOs that are beneficial to both investors and developers. One needs to do his due diligence before investing.
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