Altcoins never going to be the crypto CURrENCY people say. Only way altcoins survive is when the business USES the token themselves: business must create its own demand or don't have an ICO!
EOS creates demand for itself, so it will not die. GAS has its own demand, it will not die. Kora Network creates its own demand, it will not die. Only ICOs who make you need their token to use their service/business will survive...otherwise, don't buy into an ICO if the token won't sustain itself
Yeah you nailed it sir. Thus, other cryptocurrency are just for display and it could not be used after the ICO. IT will just burned and you will get nothing if you invest in that kind of ICO. So choose the right ICO that will help you meet your demands just like if you have business then you need a decentralized money transfer so you should choose an ICO that offers that kind of project. As we all know decentralized money transfer will help you save your money since its transaction fee is lower than the centralized money transfer wherein you are going to pay the service of the third party service provider and also to their affiliate organization or co-service provider and that is a huge transaction fee compared to decentralized money transfer system. |
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Hello,
I'm fairly new to bitcoin but really interested as it solves a problem I was trying to solve for years. Nevertheless, there's some weaknessess I'm foreseeing. It has probably been answered before but I could not find any answers on this forum.
1) Low monetary mass.
21.000.000 seems really low. The lowest fraction is 10e-8. Why such a low limitation ? I understand perfectly the fact that generation should be harder and harder but I don't understand why limit it to 21.000.000.
2) Fixed monetary mass.
In the long run, it means that the money will disappear. Crash disk, human error. Even real money is destroyed every day. What will happen if we start running out of bitcoin ?
3) geekish interface
I'm a user experience/human machine interaction guy. And bitcoin is currently just plain geek masturbation. There's no way any "normal" user would use that.
This is not a unsolvable problem. But it should be taken into account more deeply. Users don't care about underlying concept, P2P, cryptography. They just want a secured account somewhere in a "bank" and a pocket account that they could afford to loose. Everything else should disappear.
The key/anonymity concept is also very hard currently (and it could be non-convenient). What if you want to send some money to your family to wish an happy birthday ? What if you want to see which customer has payed what ?
(well, it means that I could work myself on that particular problem)
4) Early/late user unfairness
I've read that some users generated 150bitcoins in a few days. According to the calculator, I will have to wait 60 days before having my first bitcoin !
Would you join a monetary system if you know that a few people already have approximately half of the whole monetary mass ? Hmm, it seems rather odd, isn't it ?
5) Exchanges
I've browsed the list of websites supposed to offer stuffs against bitcoins. Only one was really displaying "bitcoins accepted". All the others were standard ecommerce websites with no mention of bitcoin. What could I do if I wanted to use my bitcoins ? No idea yet on how I could use them.
6) fraud
What if I pay for a service and it appears that it was a fraud ? With VISA, you can get your money back quite easily. With bitcoin, it is just impossible. A transaction is a transaction an it is impossible to find the receiver afterward.
Well, this is a lot of questions, don't hesitate to redirect me to related topic in this forum.
You nailed it sir. I agree with your thought about weakness of bitcoin. Anyway, these weaknesses is nothing compared to the benefits that bitcoin brought to most of the investors. And these are the happy faces paints after receiving a huge profit from investing to it. This is the sound of positiveness that bitcoin has to offer. One of the best happenings on the lives of the investors as some of them are getting rich and wealthier its because of bitcoin. And this is not a contest or competition. It is a challenge for yourself if you are able to coup up with the risk in investing bitcoin. If you are a risk taker and will not afraid to fail then probably you are the one who is earning now in bitcoin. |
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Decentralize cryptocurrency is losing position compared to centralize crypto?
Recently there are many managers, publishers are abandoning decentralize development cryptocurrency. presently, the growth of centralize crypto like Ripple platform. Does bitcoin actually lose the battle with ripple? What do you think?
And there you are wrong. Decentralized system of bitcoin which makes it unique and make the system more established than ripple. I will just believe in ripple itlf it surpasses bitcoin world record. Thus, includes the number of investors, to the amount of investment in the market and etc. There are many parts of cryptocurrency why the investors must chose btc over ripple and that includes the bitcoin performance to them which they benefited a lot from it. Aside from that the trust from the investros given to the system is incomparable than ripple. There is no way ripple could surpass btc and that is just my opinion. |
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I just stop looking at bitcoin price. It hurts me actually, that's why I took this decision. I am holding few of BTC and I will not look at my wallets too for 2 months. I hope after 2 months when I will go to see bitcoin price, maybe I will scream happily. What about you guys?  probably that would be thr best thing to do with the currenct situation right now about bitcoin market price drop. This is the second lowest btc market price in the year 2018 wherein it fallls to 7k usd per btc market price. The other last few months the btc market prices fall down also to 6k usd per btc market price. So i guess this is all about the nature of bitcoin fluctuation. This is not the first time to happen if you will research about bitcoin market price. The only good thing here is that btc will recover its price in the next few months or it could be until december of the year 2018. and expect higher btc price for that month. |
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almost every thread here that i read was all about bitcoin price. That they are able to profit with a specific percentage or money when they sell their btc. This is really awkward that most of them just only think about bitcoin market price. This is how why i am really question on what is the relation of bitcoin market price. If bitcoin market price will fall down then there will be more members here in the forum that will most likely expresses about the fall down and they are getting worried about. on the contrary some of the members also were happy that btc price will fall down. I dont know what kind of thoughts on their mind why their feelings and thought towards bitcoin fall down of price oppose each other.
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The bitcoin continue to drop of its market price and some of the members or investors here are having a panic that bitcoin may end already. This is not usual happening since bitcoin is always raising its price even after its market price drop. it is indeed very unusual for this event of bitcoin to happen. Nevertheless i am.hoping that someone couls might be able to stop the falling of bitcoin market price. Thougj i know that it is impossible to stop the fall with just one person but i hope that we will unite and buy bitcoin together as to move the bitcoin market price higher. well is.there anybody here could buy a couple of btc?
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I have not but I will try to invest in ICO since I spent my money just for trading to earn small bucks.
Always remember that you need to keep an eye on a project before investing your money, many ICO was accused to be a scam project here.
Yeah there are lot of scam ICO here and they are not being regulated for they are just free to scam every investors without getting reprimand from the authority. I wish there should be a committee to regulate these good for nothing ICO and are just milking the money of the investors. Though there are good ICO but because of the scam ICO it will reflect to the other ICO that are promising and good project. This are the destroyer of the ICO's image and we just let them to do this. I hope that implementing an ICO would undergo a legitimation process. |
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Literally every little thing that contribute to the change of the world will make the difference. SO meaning to say if all the system will be like bitcoin having decentralized system then probably it will change our world. For example all of the transactions in banking system will be decentralized then we could expect low transaction fee since there is no third party involve like the government collecting taxes. But today system though there are lot of transaction fees collected especially the government will be put to good use. This will maintain all the operational expenses of every agency like department of education, department of public works and highways and all the related agency that needs funding from the fees being collected. So better not to do decentralization on the part of doing business. This will more likely destroy the centralized system which government had.
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Ideally here in the Philippines one btc could buy a low cost house and lot but indirect in form because as we all know that btc is not accepted yet as a centralized money and its price is volatile also that it could change in just a period of time. But still we could buy a house and lot by selling btc in a certain trusted btc trading sites wherein here in the Philippines we have coins.ph will provide us the btc or real money. Coins.ph is legit since they have licensed already being issued in the bangko central ng Pilipinas. So this means btc and real money is being secured and supported by our government in the way about money. But with the system of bitcoin the Philippine government is neutral because bitcoin system is an independent organization and no one also complaining about bitcoin since most of the members are earning through it and they were also happy about bitcoin.
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It is lenten season for the catholic religion so probably those who are selling their btc probably will be use for traveling somewhere where religious activity happens. Aside from.that here in the Philippines is summer time so maybe some of the Filipino investors are selling their btc for the traveling expenses. As summer here in the Philippines is too hot so many of the people would love to go to beach or any cool places to enjoy and rest also after having some overload paperworks as year ending class for.the teachers. Another thing is that there is a thread posted here about Japan's cryptocurrency fall down. I do not.know if it confirm but if ever then btc market fall down price will be likely to happen.
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tweet: https://www.coins4favors.com?bid=1907 Hello team coins4favors I just want to congratulate everyone for creating this wonderful project and presented to cryptomedas lovers and investors, I particularly loved the project and I'm willing to spread it all over the media, I'm looking forward to the official launch of coins4favors. well congrats on your project. There are many good ICO nowadays and im sure that most of the ICO project will be successful for sure. And to tap.on it other than coins4favors ICO we still have another good ICO which is the YAYPROTO DECENTRALIZED MONEY TRANSFER. If you will be having a transaction especially about money then this project will cater after the implementation. This could be the start of the news ways to transfer money except banking. This projecr will be more likely to replace banking after it will showcase low transaction fee that other bank could not. You can check it if you want to jist visit the website with the link below: https://ico.yayfon.com |
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As the age of cryptocurrency comes into full force, it will facilitate a subversively viable taxation avoidance strategy for many of the technically savvy users of peer-to-peer payment systems. In doing so, cryptocurrency use will act to erode the tax revenue base of national jurisdictions, and ultimately, reposition taxation as a voluntary, pay-for-performance function. In this post, I cover some of the benefits such a strategy will have for cryptocurrency investors, why our notion of taxation is ripe for disruption, and why cryptocurrency taxation is enabled by default. Read The Full Articlei guess it wont happen especially if you are receiving higher salary then company you are working for well render their full compliance to the government that if you refer to avoidance of income tax. You may face a lawsuit if you will not decalre your salary or else the company you are working for will be reprimanded or put to closed. You cannot escape salary income tax especially if you have fixated income. However, there are certain job that receive unfixated income and will more likely to escape income tax. But in terms to btc if the owner of the company pays you in btc then therefore they are also held liable of the employment agency since they have worker but they could not show the transparency of the salary pay. Usually the employer will issue a payslip. so bitcoin wont kill income tax. |
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Actually we do not know about that since here in btt forum could not identify names just by evaluating aka names. So do we identify that the member is man or a woman? actually i have gone profile site viewing on bounty campaigns especially facebook campaign and i found out that there are many women out their joining bounty campaign and even twitter. So in this regards we cannot tell that the number of men is more than the number of women. Again you could check it for yourself btt does not acknowledge men and women but the numbers are almost the same. There are many women out there doing bounty campaigns. So hopefully this will help on your argument stated above.
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actually there are many advantages of bitcoin to specify here in this threads and im only going to specify the highlights. If bitcoin is being centralized these are the possible advantage
1. it is easy to make transaction because it will be done online and queuing will be minimize or will be erdicated.
2. theives could not detect you bringing bulky of money in your pocket since you are just bringing yourself and your phone wherein your money is being secured and converted as digital currency after purchasing it.
3. you can travel around the world without the hassle of going to money exchanger for they will not accept money coming from other countries except those money changers.
4. you use your digital currency in every establishment where you will going to purchase products or goods and even pay the service being rendered to you.
5. btc will use and transfer to relatives that needed your financial support especiallly if you are the breadwinner and working abroad. there will be no bank with trnasferring btc so therefore low transaction fees to be expected.
and many more.
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nope it is already there and it is already implemented. you only have to buy less so will not expect on your investment. try holding them as much as possible and check it again in the near future.and see the difference with your tokens/coins. Mostly of the coins now are getting red because investors are selling out their coins for any good purposes and we could not stop them because it is their previledge to sell their coins. but mind you that it is worth just hold it and wait for more or less 5 years and check after. you can see a wonderful result for trusting an ICO project and invesrmting with them.
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This is the best thread here ever talking about merits in this section will be definitely out of topics from.the altcoin discussions but since you doing your job then this could be fine here. Anyway i already receive two merits here in this forum and i guess most of my post are constructive. After having those two merits then i received no more. Unfortunately i need to rank up to at least even member rank and i would be happy about it. I am only a humble person yet i do not beg to have it here now and i am just hoping that i could receive merits. by the way here is my link: i wi refer this thread also tp my friend. this is a nice thread for merits. https://bitcointalk.org/index.php?action=profile;u=1788367do not get fooled out from this thread maybe it is just a display and will not give merits. you will jist waste your time here. look upon his merits it could be that good so expect that lesser individual will going to receive that merits. maybe this thread is just being copied and paste from other members who have done giving and also to merits. Anyway it will not guarantee that you're going receive merits. so sad but you need to be troubled som.members in the forum. And hopefuy you will get worse. |
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Simply because bitcoin was originated in japan as i.have read to https://en.m.wikipedia.org/wiki/Bitcoin related to bitcoin history. They started bitcoin so more or less people in japan would likely to know first with the innovation. This is considered as revolutionary immovation of a currency that refer to us as digital currency. It has a lot of advantage compare to fiat money. As we all.know it is so hard to carry money that may look bulky in our pocket and also it will catch the attention of the theives. So that is why aside from bring atm card this digital currency could be a lot of help. And it could be accepted in thw whole wolrd. Hopefully that it will realized and be accpeted by all the government in the world. |
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you have a good idea there. Well that would be the blessings for us for the btc price will not fall down eventually up 500 usd depending on the market price of btc after having those bought and unused btc. The result is ideal since btc price will not fall down that much since it is being stabilized by the btc owner who died together with his btc acount. This is another.advantage to the investors of btc. They will not be afraid or make any worries of btc market fall down price. And this could be another why we should invest in btc.
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Yeah bitcoin is the world currency and the good thing about this currency is that it could change its value from time to time. This means that if you have this kind of currency by buying it in some trusted retailers like here in the philippines which is the coins.ph then you could be able to earn if you know only how to hold and sell smartly. Just make a study of bitcoin market price if it is low then that would be the best time to buy it and hold it for a while for surely bitcoin price will rise depending on the seasons like what happen last year highest bitcoin market price reach to 19k USD in the month of december. That was the month or season to be jolly together with the events or the incoming new year so most of the investors that time selling their btc.
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Yeah that would be nice. Please bump me in to check if it reallt happen that crisis happen and see to it that bitcoin will go down its market price. I would glad to the market price foe bitcoin to go down as to have the chance to buy bitcoin for at least 1 btc. I know that bitcoin is so expensive that is why i am longing for it to have and hopefull that i could get even at least 1 btc. Hopefully that those days will happen and that day is one of the remarkable days of my life. So do not forget to bump me in when the bitcoin price will go down.
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