If you have a business, it would be a pain for your customers to wait until the payment has been confirmed. If the blocks will stay behind, who would wait at a restaurant or minimarket for a few hours to confirm their transaction? In this case, they need to accept the payment even if it is not confirmed yet, like Microsoft and Steam does.

Lol, I don't think the name really made it No. #1. It's like saying Coca Cola is one of the top drinks in the world because of its name, which is false. The quality, the taste matters. It gets you addicted to it which makes it be the leader. In our case, Bitcoin is the best first of all because it's been the first one around. Here a good example is deciding between a real iPhone 7 and a replica which is under half of its price. Which would you feel safer to buy? Of course, the original one. You know the support never ends and you know the company is real. Bitcoin is like the mother of all the other coins. Some altcoins may grow, like Monero, but I don't think any cryptocurrency will ever get past BTC unless it fails.. which probably would lead to a domino of failure to all the Cryptocurrencies currently existing.

Yes, they are way more important than China in my opinion. What makes them more important is that the citizens of these countries will somehow be forced to join Bitcoin because they will not trust the local currency again, or they got a limit of money they can go abroad with so they need to find some other way of doing it. And what's easier than printing a simple paper wallet on which you can put billions? The demand will keep growing especially with each event and crisis like these. It's bad that it happens, but we can do nothing about it.

Bitcoin's price is showed daily many times on Bloomberg TV. The price instability and the huge spikes are making it perfect for trading! Traders are looking for currencies they can trade for which they can also make the most profit they can. Having $100.000 in Bitcoin makes every cent moving matter. Instead of GoldOZ/USD which moves only by a few dollars with every important change, Bitcoin can even double or triple.

We're lucky we had that bubble once again which bursted after $1189. That made Bitcoin go all over the news and people are starting to get interested in it: my grandfather (which doesn't even understand how to change a TV channel when you give him a new remote, or doesn't know how to send an SMS) called me and asked me if I have heard of "that currency that passed $1000 last night", which is a surprising thing. I never spoke to him about Bitcoin.

You can store it by using Desktop Wallets, but if you want to store them on a computer then I recommend you to use an old laptop (if smaller it's perfect) and install Linux on it. There is a version that has a Bitcoin desktop wallet in it included. Your chances of getting hacked or infected are going to be way smaller, almost 0.

He wouldn't be that stupid to reveal that Satoshi Nakamoto is his friend or something. If he spoke to Satoshi, the only way I can think about is through some encrypted chat where his identity would be 10000% anonymous. And Assange wouldn't even know if he is the real one .. no matter how important you are as a person, you cannot reveal yourself even if it's a hacker like Assange.

The main problem is that the stores accepting Bitcoin are not the popular ones, and even if they are, they are not advertising that payment method as they should. I always see big "PayPal Accepted Here" stickers, I noticed them many times and then I looked to see what PayPal was. We need advertisement if we want to get more Bitcoin users and a higher demand. There will be more countries banning Bitcoin soon, it has to happen. But that won't stop many from using it, especially if we know how to hide our identity and stuff.

We cannot put it on that list by ourselves, only those managing these lists can decide whether Bitcoin should be there or not. What makes it a great innovation is that it is known it was only one person that created it, and the features it has and the way it works.. makes it seem impossible to be created by a man. Nobody knows if it was a person or a group, a man, men, a woman, women or even a mixed group. Who created it is/are genius for sure.

Most people are afraid of investing it because of the constant price bubbles that keep popping up. The price went up too fast in the last month for it not to burst, it haad to go down after sooner or later. I was afraid to put money in it too in 2013 after Christmas when the price fell from $1100 to only a few hundreds. If your currency did the same, I'm sure you would never save up on your currency but change it into a stable one instead. The ones afraid of things like "maybe it's a pyramid scheme" are saying it without even researching a bit about Bitcoin. Come on, we've now all got Google with us, it's easier than ever.

Coinbase does that. I tried to make an account there and it requests your legal name. I regret the fact that I actually wrote that data in, but I'm not going to use that account anyways. I'm scared to put a fake name too, because who knows how your account can end up being locked or banned or whatever.. I think Coinbase should be good for corporations because they need to show governments their earnings, but not for those like me wanting some privacy.. this is what I'm trying to achieve by using Bitcoin after all.

It was worth it to collect faucets only before 2012. Now the business doesn't work anymore and even if you find faucets, they're only a waste of a time. You waste hours for dollars only. Maybe if you're coming from Venezuela or other countries in which the families are receiving the lowest income in the world, they are worth it. But I would rather spend the hours I'm talking about in any other way that could be even more productive: everyone has a talent. You can do anything for Bitcoins, you can get an online job very easy these days and the special advantage is that you've got to show no ID.

Nobody would be that stupid to say they own hundreds or thousands of Bitcoins. It's like going in an aglomerated center and screaming "I'VE GOT MILLIONS WITH ME!" - you'd become instantly vulnerable and exposed to thieves and criminals that could possibly be around you. Here it's about hackers: if any hacker knew you had millions, your PC would be infected ASAP with some Keylogger or any other virus. Plus that most of us need anonymity, so nobody will share private data on the forum.

Sounds great for us, but I don't know what to say. I mean most similar projects usually aren't getting as much attention as they should. Even if you're going to work very hard for it, I don't want to discourage you but you need to find more people to teach about it too, and you also need to be very patient. This project should actually be like taught during the classes, and not after them because everyone pretty much won't listen to you. When they're there during the class, they know they have to do it. It's amazing that you want to do it, you're doing a good thing for everybody here: demand grows, so the price also grows, and the more businesses based on Bitcoin will appear. I guess you are from America, that's a country where you can do something out of a hard worked project. In my country, it'd probably never work - I wouldn't even get the chance of doing it. If a school project doesn't work, you can speak to the directors of different schools and start a course there, so you can have advertisement placed around the buildings to attract them there, and the teachers can also invite them to it.

When your country's currency becomes extremely instable or you know it has to fall soon, you need to find another option to put your savings and your wealth into. Taking a position in Bitcoin or precious metals (which I consider as being even better and safer to do) is going to assure you that you won't be a victim of your own wealth going down because of the fall of one currency. This is good for both people coming from Venezuela and us, the Bitcoin users. What makes it good for both of us is that they will have their own money safe and assured, while our Bitcoins' demand keeps growing with every person coming to Bitcoin.

Monero has a big chance to become big, similaar to Bitcoin or maybe Zcash is a better example. I am using it ans the anonymity is insane: I cannot even see who I sent money to, or who sent me money. All I can see is the sums of money I had received or sent. This is awesome, I mean Bitcoin doesn't have this aggresive anonymity. You can even see others' addresses.. for example we can see how much money Microsoft has in their Bitcoin address.

As the block reward gets halved each 4 years, it actually becomes harder to obtain Bitcoin. Because the demand keeps rising, it shows us just how people are becoming more interested in Bitcoin and because it becomes hard to obtain one, the price needs to increase. Just like gold which is a limited resource, Bitcoin has to keep its price very high or it'd become useless to have one or to mine it. If gold was $1/oz nobody would be interested in investing in it.

Bitcoitalk Name: 20kevin20
Prolife Link: https://bitcointalk.org/index.php?action=profile;u=806196
Current Rank: Full Member
Starting Post: 1546
Bitcoin Address: 1NfZH73X3jDbX1kcP7Qpwn1UMcDAUcMDMb

You forgot other in-game items from games like CS:GO, where weapons' skins can cost dozens of thousands of dollars just because it's a rare pattern. Bitcoin isn't expensive but many cannot afford it, including me. We've seen other useless things that cost a fortune, but some people can buy it because of their monthly earnings. Bitcoin also isn't a virtual item, it's actually a currency that can be used anonymously online. You can transfer funds to anyone without that person ever knowing who you are. If it was an item, I wouldn't try to earn it either.

I never liked Coinbase. I find their website design unfriendly and I hate the fact that you have to put your real identification data in your account - I thought Bitcoin should be ANONYMOUS and it shouldn't request your real data.. I think the pro tip here is that you should use a web wallet like Coinbase or Blockchain for small funds and an offline wallet for big funds. I guess all of us prefer owning the money we go, not letting it in others' responsibility.