Russia probably won't live that long.  Why is that? So far it seems like Russia is doing amazing. |
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bitcoin is not real money but merely a different way of employing existent fiat money, obviously it cannot replace it.
in other words, a bitcoin is not itself money, because it always relies on an actual form of money to underlie it.
I don't get it. Can't we say the same about any currency or even about gold? Would you agree with the notion below? "Gold is nothing by itself it is only something when you know the price of it in dollars."I hope not.  This is the case why Bitcoin and gold are better than cash. Fiat is called fiat because of it. Trust and nothing else. With the former two, you have actual proof of value. |
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Well, for starters banks will never switch to Bitcoin. And creating Bitcoin banks would definitely be against the Bitcoin way of decentralization.
Bitcoin banks already exist. What do you think Coinbase and Circle are? They may not be legally allowed to use the word "bank" to describe themselves, but they offer a service where individuals set up accounts, and then give their money (bitcoin) to the service. The service then secures the money (bitcoins) and processes transactions on behalf of the customers. They act as a clearing house for all transactions between customers without actually moving any money (bitcoins). They also provide a Visa debit card that can be used at merchants everywhere and that debits your bitcoin account. Sounds like a bank to me. Coinbase even offers an exchange service, just like many banks. As they work their way through the regulatory requirements, I'm certain that they'll offer additional financial services in the future, just like a bank. Legally sanctioned "banks" have to deal with a lot of regulations that get in the way of them managing bitcoins today, but I don't see any reason that those regulations won't change to allow banks to manage bitcoins in the future. You do have a point there, you know?  |
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We (the users of Bitcoin) are a vast minority. Don't underestimate that fact.
In the next 10 years, or maybe even more, it's impossible that people will get paid in Bitcoin. I'm talking about the public sector, supermarkets, or any kind of big(?) business (which is where most of people work).
I'd be careful about predicting what is "impossible". The future tends to be fickle and unpredictable. How about 20 years? 30? 50? How certain can you possibly be about what changes people will be willing to accept decades from now? Unless you've got some proven clairvoyant abilites, I'll take your predictions of the future as nothing more than personal opinion based on wild guesses. Well, for starters banks will never switch to Bitcoin. And creating Bitcoin banks would definitely be against the Bitcoin way of decentralization. |
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You can download bitaddress's source and use it offline.
I prefer using vanitygen for creating my paper wallets. The code is open and checked. It can be trusted, and is an easy was of generating address keypairs.
And on the topic of being secure, you can use BIP38, or any other kind of encryption. And store the paper wallets in a safe place.
I have already used vanitygen but it does not allow to generate printable wallets with QR-code. This is what is need. Consider it is a little Christmas present and the people which get it, are not really techy, so QR code is necessary;) There a lot of QR code generators. In linux, for example you have qrencode. You can do it on any website too. If you want to, I'll generate a QR code for you (provided the private key is encrypted and secure). |
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- snip -
one must get bitcoins first, either by mining or buying bitcoins with other kinds of money (*cough*fiat*cough).
- snip -
Or perhaps by getting a job that pays in bitcoin? From an employer that accepts bitcoin as payment for their products or services? And that pays their suppliers in bitcoin? Suppliers that use that bitcoin to purchase raw materials and to pay their employees? Then if you visit a coffee shop that accepts both bitcoin and fiat, suddenly the only way to pay with fiat is to get fiat first. The only way to get fiat is then to buy it with other kinds of money (*cough*bitcoin*cough*). Spending fiat then becomes quite complicated process, don't you think? You are assuming that just because very few businesses accept bitcoin today and very few employers are willing to pay their employees with bitcoin today, that the future will be the same. However, in the long run businesses will generally make choices that improve their profitability. If they can reduce costs (transaction fees and chargebacks), can increase speed of transactions, and can gain publicity by accepting bitcoin, then they will eventually start accepting it. As more customers demand the option to pay with bitcoin, or are at least willing to do so when presented with the option, more businesses will feel pressure to add it as a payment option. They will then have to choose between exchanging the bitcoin for fiat (and paying an exchange fee) or offering it to those employers and suppliers that are willing to accept it. We (the users of Bitcoin) are a vast minority. Don't underestimate that fact. In the next 10 years, or maybe even more, it's impossible that people will get paid in Bitcoin. I'm talking about the public sector, supermarkets, or any kind of big(?) business (which is where most of people work). |
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You can download bitaddress's source and use it offline.
I prefer using vanitygen for creating my paper wallets. The code is open and checked. It can be trusted, and is an easy was of generating address keypairs.
And on the topic of being secure, you can use BIP38, or any other kind of encryption. And store the paper wallets in a safe place.
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Of course can't fiat money replace bitcoin, because we still use fiat money at the end look how much banks they are in the world they won't just change to go to bitcoin. Bitcoin is just good when you trading or other stuff. Also we need fiat for bitcoin price.
The thing I love about banks... "We want the blockchain, not Bitcoin". So unintelligent, they want to cut down their maintenance costs and take the blockchain for their own stuff. It will probably end up in firing a lot of people from accounting too. |
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However if one already owns bitcoins, this problem that you have becomes non-existent.
Yes, but what I am talking about is mass adoption. I don't see my grandmother owning BTC. |
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Yes, got you intrigued, didn't it?
Bitcoin is a very good thing to have as an asset. Just like gold. Even better if I may say. It's secure, and unlike fiat money it actually exists and work is put into it to produce it. This makes it great to store value.
However, it cannot and will not replace current fiat money that the entire world it using. It just cannot.
Take paying a cup of coffee for example. To pay your coffee with bitcoins, one must get bitcoins first, either by mining or buying bitcoins with other kinds of money (*cough*fiat*cough). It ends up being a quite complicated process, don't you think?
Until we reach the point where paying for a cup of coffee is as easy with Bitcoin as it is with cash, we will never get mass adoption. And as far as I see it, there is no way of simplifying the acquiring of bitcoins.
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The amount of time between using bitcoins to pay for a cup of coffee.
Until this is as short as paying with fiat, there will be no MASS adoption.
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Imagine if you have unknown people that knock out your door. Once you open it, there is someone looking for $ 1 million loan and will give you back $ 33.333,33 per day
How do you feel then ?
For me, I fell that I'm still don't know him very well so I can accuse him as a scammer ( just at my thought )
Well you know the old one "If it's too good to be true..." Just use your common sense in detecting scammers. It's quite easy. |
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The best and most secure way is using escrow. You can find many members (including me) doing it for free or a small fee.
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Putin is doing a great thing, and I don't think he is going to step off the president's chair any time soon.
It's not like the situation's bad for Russians either.
The Russian economy has been growing ever since he took charge in 1999. The average wages have risen by as much as 2,000% during the 1999-2015 period. Back in 1999, the birth rate in Russia was almost half of the death rate. Now there are more births in Russia, when compared to deaths. The number of suicides, murders, alcohol poisonings.etc have gone down considerably. I don't know how Russia will fare under someone else, once Putin retires. But Putin has set the basics right. Yeah you said it better What I'd also like to add, Putin is successfully managing one of the world's most powerful countries and is in control of its army. So whoever is thinking of going to war with Russia *cough*cough* isn't gonna have a good time. |
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Putin is doing a great thing, and I don't think he is going to step off the president's chair any time soon.
It's not like the situation's bad for Russians either.
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Please help me pay rent.
Bumperino.
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Gimme gimme gimme!
I hope I can find a place to live in January. And pay for it.
1G3PeCtPkoYkinPgTyz3bizNhQdh7NWNm3
Merry Xmas!
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I think the news/media hype will cause it to break the old high. We'll hit close to $1500 USD per BTC. Maybe crash after that.
The media will only jump in once Bitcoin reaches the $1000 price level again. If that's going to happen, then yes, there will be a lot speculation in the price that will make the price come down again at some point after the block halving. There will be a lot YOLO people stepping into Bitcoin to make a quick profit. It will be kinda like the previous time when the price touched $1000 for the first time. Pure madness. Like that wasn't fun! The mainstream media unfortunately is interested only in hype and FUD, so that's why they (will) jump in at $1000. Bitcoin still needs something epic to happen for the media to grab it and start saying good stuff about it. |
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I don't think it's okay, but if a user is a newbie and requests lending of a few BTC, one should be very careful and the trust system helps there.
The people on this forum think of the trust system as some kind of reputation that goes on around other forums I don't even want to type the name of.
There's nothing wrong with flagging newbies with negative trust. If you can prove that you are not a scammer, the negative trust can easily be removed.
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This works well enough. Read up on the bitcoin-cli manual and see what commands you need. It should be pretty straightforwward. Also make sure you set up your bitcoin.conf with the RPC username and password. |
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