If it was created for the family.. I'm pretty sure that family is going to live off Bitcoin for some decades! It was a very smart idea and I guess he owns a big part of the BTC Rich List. I just cannot believe that some random person was able to code this amazing currency that didn't fail in ANY way!

I'm pretty sure a big part of this forum itself is from Europe and other continents. Bitcoin is worldwide but it still doesn't have the needed popularity to go big. It cannot go from millions to billions in a short time without a shocking thing happening (imagine the price going up to $100.000) or mass advertisement worldwide which means a lot of money. The downside to this is that the more people are going to use it, the more governments will try to do against it.

Starting with Bitcoin can be easy, or hard. If you don't have enough money to run off a business, you can start off by earning some through this forum (Signature Campaigns) as you're active, and redirect all your earnings to a wallet created specially for investments. Now the first thing you have to know is: Stay away from cloud mining and pyramidal schemes! They're both scams and sooner or later you'll get ripped off by them. I have been part of one without even knowing it (when you find out it's too good to be true, it actually is), it was a software that "boosted my PC performance" and I could mine with GH/s instead of a few hundreds. After I let my PC on for weeks long, they closed the website and ran away with the money they earned. If you want to invest in something right now, find a good idea that doesn't exist or exists but isn't as popular as it should be. Start with small steps, and you can get your business BIG in no time! Good luck!

Steam offers you the Bitcoin payment method, so you can buy wallet codes for BTC if you're interested, without having to deal with anyone else. I'm skeptical most of the time when it comes to dealing with others for BTC or other stuff we can't directly trade, even when there is an escrow in there. I paid $10 on Steam until now and I don't regret it!

Not only that I don't trust altcoins except Monero, but I also know that their prices depend on Bitcoin too. If it falls, they fall. There's no other choice. So I would personally go back to fiat, which would then be the "safest" one when it comes to the stability of the price. But a Bitcoin destruction would cause like an 'earthquake' for all the currencies anyways ..

I used to try out dozens of strategies and after about one year I ended up actually looking even on YouTube for strategies to use on dice games. What I found out is that they are NOT going to work unless you got luck. The most popular one out there is the Martingale method which requires too much money (impossible amounts to waste unless you're a billionaire) to actually win from it. My biggest loss was a few dozens of bucks, and I regret it but at the same time I am happy I didn't go for even higher bets.

I would. And I am pretty sure many others would adopt Bitcoin because their biggest fear is the instability of its price. If you want to start a business, it's hard to adopt Bitcoin. The earnings can be cut by half within a single bad move like a DDoS or a hack. We need stability for a short time so more people will join us in with their businesses too. The more it's going to be adopted, the higher the price will get!

Yes, and your money isn't taxed so you won't lose even a penny of it no matter for how long you're going to store it. As soon as you receive your money it becomes your own property. I simply love this, it makes Bitcoin great. You're also your own bank and nobody knows and/or ever needs to know who you sent your money to, or who sent you money. You decide and only you know!

Is this how Paper Wallets are? I thought Paper Wallets are those actually printed on a paper..

I don't think there is the need of putting this data on a USB - maybe if you want to have a secondary backup too. What we need to do is to find a way to make this paper fireproof.. I made my paper wallets waterproof by laminating them. Now the only scare of mine is fire, because if something happens they'll burn to the point where you won't be able to read any letter from it.

Yeah, one cannot work without another.. as soon as it is adopted in mass, because the BTC supply is limited the price will get higher as the demand will increase. At the same time, a high price will make even more people get attracted to Bitcoin which provokes the same effect I mentioned first. But mass adoption matters more to happen before the price increase in my opinion. The effects would be seen happening way faster than the other way.

Although it's not ideal and there are some features it could've included, I am still pretty sure Bitcoin 2.0 will never get past 1.0 even if it'll be created. We have to remember that BTC1.0 has been the first cryptocurrency around and a second version would sound very sketchy. Would you trust it? What if it gets as big as Bitcoin (or even a quarter of it would be enough) and people are going to approach it and one day we all find out it was just a scam?

If someone would own all the Bitcoins that exist, I think there are two possibilities: Bitcoin will either completely lose its value or the price will go up a LOT. I think the second one can't really be possible because the demand will be missing. For example, we are saving on BTC but the demand still keeps rising. Even if there are Bitcoin wallets that are lost, the demand still exists. If anyone has ALL the BTC existing, nobody will be able to buy it, so the demand will go 0.

That is not called a tax. Exchanging from Bitcoin to fiat or vice versa is not mandatory, you can only do it if you want. Otherwise there's no implied tax in it except the transaction fees, which again, are not mandatory. I consider taxes the amounts you have to pay on a regular period, like every month. Bitcoin is still not taxxed and/or controleld by govs.

It's like saying you'd throw away gold if its value goes to zero. Why throw it? If it went to zero it could have gone back to its price as easy as that. If this happens, just hold your bitcoins there.. why burn it when it can jusr go back up at a high price..

I wanted to join sports betting but I don't really like any sport (except eSports) so I don't know any teams, so... I don't have what to predict. Sports gambling is just like dice though, you don't know when a bad result can come in making you lose all your deposited cash. It probably gets you as addicted as to any other type of gambling, which is very dangerous in my opinion..

It actually does. If Bitcoin was a real currency we could use anywhere, I think it'd be in our advantage. Sometimes we want to buy things through methods which Governments cannot look after, and Bitcoin is good here. Maybe I want to buy a phone but I don't want anyone to know except me and the seller.. what's the problem? I just want to do it anonymously. Bitcoin is a limited currency, so therefore the price can always go even above Gold.

It was created for us to escape the total control and finally be on our own. You're your own bank, you got no taxes to pay and you can manage your funds exactly in the way you wish.

There are too many risks for him to ever reveal himself. He created this currency and vanished, leaving the project (probably) unfinished. There are altcoins that are getting updated and Bitcoin never did - it's like this since the release of it. But it was well thought so it could rise in time. It's used by criminals and the FBI, NSA and CIA are trying to control it but it doesn't always work. Revealing yourself as being the creator of a currency that's said to be used for criminal activity isn't a good idea, trust me.

BitAddress.org offers you what you need (I'm using it too). If you can, boot up a Linux Live CD on your computer to make sure all is going to be safe and that your wallets won't be stolen. Linux Live CDs are Linux versions that remove every change or new file you've created as soon as you power off. BitAddress is creating wallets offline too, so you can plug in your internet only until the website is loaded and then all is going to be offline. Print them out and deposit money on them and done!

I have played such games and there was one similar to Flappy Bird, but when it was released you could earn around 50k satoshis per 25-30 minutes of gameplay (which is nice, assuming the fact that you actually earn some bucks in your free time), but now they lowered the winner profit so I can only get up to 10k for hours of gameplay which isn't worth it in my opinion. Faucets and such games were worth it until BTC/USD price was under $300.