The big miners at first are entrepreneurs and for that reason they are loving the profit. This means that if the cost of electricity in China grows is likely to mining pools to migrate to other countries. On the other hand, China also wants profit from taxes and employment of their workforce. So there is no reason to turn away business from China. Anything wants China to do she can easily do when impose strict policies to the big Chinese exchanges like as she already have done in order to defend the yuan. Bitcoin is a universal currency and has nothing to do with any country in the world.

The way I see it even though the block size increases, there is no a reasonable solution in transaction fees and network confirmation. That is, there will be no dramatic improvement because it has already increased the number of bitcoin users and consequently the number of daily transactions and in many cases the transactions size. For example, if we consider that the nowadays median number of transactions in 1MB blocksize is approximately 3.3 tx/sec an increase of the block about 2X or 4X or bigger would we believe that would be an effective solution?  Imho for small transactions only off-chain scaling solutions, although these implementations require changes to the underlying protocol, could be cost-effective and quick solutions.

Dear, yahoo62278

I 've just rank up from member to full member. I changed my signature too. I would like to ask if there is an empty slot according my new rank.

Thank you

I agree that human existence and all the years that have already passed till now like as the age of the people are very important factors that lead them to choose a bitcoin bank. Also, if some individuals see the bitcoin only as commodity and not as currency and they are looking for a place like as a safe box to put their bitcoins there. But in the future,imo, next generation people will understand better the nature of cryptos and maybe they will be completely contrary to the existence of these kind of banks.

EDIT:Grammar

If you search for online wallets then there are some all over the world with more or less same features. You can get the more complete comparison table I found in the web here. In addition I would like to mention that transaction fees are completely independent from you wallet. Inputs and outputs like as network overload are some factors that affect the fees. A very good guide about the calculation of the fees and the frequent problem about unconfirmed transactions can be found in the forum.

I am pretty sure that you are in urgent need to learn enough about the bitcoin and not rely only in news media and TV channels from your country. Everywhere you buy things you pay taxes because the last price which equals the net value plus tax is converted from fiat to bitcoin the transaction time. As an example assuming that someone wants to buy ledger nano. On the other side if someone uses bitcoin in deep web is more easier for law enforcement authorities to catch him in contrast with fiat money because bitcoin is not anonymous but only pseudonymous.

Really, I was greatly impressed, not from the article, and the every day created startups deal with bitcoin all over the world but what said one of the members of the renamed alliance that if and only if banks listen the word 'bitcoin' they behave like as a bull in front of the red flag. If this is happening in Canada a country with  increased individual freedoms, a country with well educated citizens that loves the revolutionary and innovative ideas then what will happen in some other countries? Then I remembered what I had listened from the entrepreneur Antonopoulos Andreas in a speech who had mention referring to bitcoin that 'first they ignore you, then they laugh at you, then they fight you, then you win'. An interested user can read the speech in Reddit

This is something that is highly unlikely till to impossible that could ever be happened. However, if for any reason the bitcoin will be so expensive in the future then there is no case to be made any transactions because the transaction fees will also be very expensive. There is chance that probably we will face the exacerbation of the deflation phenomenon and according to what Keynes said 'Inflation is unjust and deflation is inexpedient. Of the two perhaps deflation is … the worse;'

Although I have the view 'not all eggs in one basket' unfortunately I think it is very difficult to find a good and profitable ICO. Sometimes I think that anyone invests his money in ICO's has the same chance to earn like as when he sends his coins to HYIP and Ponzi schemes. Looking the past very few ICO like as DigixDAO went well. So I am very cautious and I try to think ten times and act once the few times I dialed  with them in the past.

The opposite I could say. That is, banks literally put the rules and of course banks have the money. Governments all over the world are groups of people with very good salaries and their main goals are to follow and implement faithfully what the bankers have already decide. On the other side banks always want to fund companies that in the future will succeed and they will have certain profit and possibly as someone above has post they can control through its loans.

Really, I cannot understand the wording 'educated guessing'. It seems to me that is 'feeling' like as when someone is coming and whispering the nights when you are dreaming the next day trading move. But I believe that experienced traders can really see more or less how a trading will go not why they guess about it but due to their big experience. Sometimes these skillful and gifted traders they can lose money but surely these times are significant less than the non-experienced ones.

Not only under 6000 but and with about 10000 unconfirmed transactions the network is working really fast in very reasonable confirmation time. But the way I see it is only matter of time. That is, last two months we had If I'm not mistaken, about 3 times where the network was under spamming attack. Unfortunately I think that most days of the week and especially the working ones this situation will be repeated and probably with greater frequency. This could only be corrected after the resolution of the dispute about the segwit or blocksize adoption. Till now I always check the unconfirmed transactions and I try to do all of my transactions, if is possible, only this period of time.

I'm convinced that like many other things in this life things are not completely black or white. Apparently trading is risky due to quick and sometimes very good profit. Apart from the experience, which is valuable, the trader must learn to stand on the actual information from the intentional misinformation and rumors. Thereafter, the trading psychology of course is different for everyone and determines the way of moves on a daily basis. There are people who always follow some rules and others every time move against these because they believe in their feelings.

Maybe some people they will disagree with me but delays in the transactions not only make people angry but all of bitcoin users they remember to speak about the debate of blocksize and scalability. We can see that the acceptance of segwit is about 25 percent from last November and nothing shows that something could be changed in the recent future. Therefore, it seems to me that someone or a group of people try to remind all of us, that is, devs miners and normal users that something must be done because network can be overloaded very easy with many problems in everyday circulation of bitcoin.

I have almost read all the answers in this thread because I felt surprised that OPs asked about bitcoin acceptance in Asia especially when he found a blog from an online store which located in the fifth country in the world population. As always bitcoin is well known not only in Pakistan but everywhere in the world with more or less the same circumstances. There are countries where are more bitcoin friendly, other which bitcoin have not still regulated or government keeps a neutral policy and others like as China were they interfere with raw and inelegant way in the operation of Chinese exchanges in order to defend yuan.

I am pretty confident that you can't understand that there is not any online wallet which is secure because you don't really own your bitcoins. That is, you have not the full control (private keys) of them. So anytime this service it claims that is secure like as the Fort Knox using any measure there is in the world she cannot assures you that will be available at any time you need it or will not become a victim of a skillful hacker. Speaking about blockchain.info some months ago was hijacked and about 8 millions wallets were inaccessible.

I agree that the feeling in general was that there was a spam attack in progress and the unconfirmed transactions had reached in ath of about 100k. Somewhere, I read that a core developer found the network address of someone was trying to flood the network causing delays and high fees in all the transactions. But even though people are able to reveal the real identity behind him they could not accuse about it  because anybody has the right to spend his bitcoins like as he wants.

I agree with you that is the real potential and the nightmare of the banks. That is, to use it according the Nakamoto's vision; as payment system and not only as commodity. So,

I like to buy things from online shops without the danger when it asks from me to give the details of my credit/debit card.
Taking part in online betting sites for the same reason.
Moreover, I would like to travel abroad using only my bitcoin wallet where there will not be any reason to convert fiat from country to country. In addition in case somewhere the local residents are accepting only fiat I could have the chance to convert btc to local fiat in a crypto ATM machine.

So, I quoted your post because I would like to ask; Can you highlight precisely some of these many bugs bitcoins has? May be the core devs can fix them. I think that you would like to say that bitcoin has differences with altcoins which is indeed true. One of them I would like bitcoin to have is anonymity like as monero and some other alts but surely this is not a bug but a difference between the protocols of these two cryptos. But bitcoin has 'network effect' that means a vast user base compared to other alts. Hence, bitcoin without alts can survive but this does not apply to altcoins.

Absolutely nothing. I am pretty sure that banks they don't give a penny if the price of bitcoin will sky rocket because they care only about the profit. Therefore, is anyone sure that banks have not bitcoins in their portfolio? For banks the bitcoin the gold, the oil or anything else is like stocks. Banks will fight against bitcoin when the local currency is threatened because of its circulation i.e the PBOC asked AML/KYC bitcoin regulations and ban the bitcoin withdrawals in chinese exchanges in order to defend yuan.