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The fact, if it's true at all, that this coin is backed by oil, gass and diamonds doesn't realy mean anything. And how could anyone even check all this?
Don't get me wrong but anything that comes from "exotic" government in Venezuela I would take with big doubts and reserve. To my opinion this is only propaganda and has nothing to do with reality.
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I do not agree too much with paying taxes, in my own country, the punishment of the nonpayer is not too taxing or even punishable, perhaps those who pay taxes are afraid of being punished  People don't agree to pay taxes but on the other hand they want the state to ensure them confortable conditions in every way. They want health care, public schools, traffic infrastructure, social wellbeing and many other things. Here we come to the question, who should finance all that if citizens don't pay taxes? |
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I don't know what do you exactly mean by term daily currency. There is nothing to stop you to use Bitcoins daily for your daily needs.
Still if you wanted to ask if Bitcoin could become official mainstream currency then this is another story and I don't think this Bitcoin will ever become mainstream currency in any country in the world. But to be honest I don't even see the need for that.
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Blockchain.info keeps your wallet file which contain encrypted private key/seed, but they claim they don't have access to user's wallet and it's been proved with their open-source software even though i think there's no sure way to verify if blockchain.info use exactly same software within their website/app without add any backdoor.
As for other private info they store, i think only your email address, IP/browser details & mobile number (if you add one).
If you have privacy concern, i suggest you to use Desktop wallet, whether it's SPV or full nodes wallet such as Electrum and Bitcoin Core.
Yep, that is exactly the case. There is no guarantee at all that they don't have the access to your wallet. And since there is no way to prove that, I don't trust them. Generaly I don't trust web wallets much not just because of privacy but also security issues so I stronlgy suggest to avoid them. You always have the choice with so many different types of wallets. |
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Well, in some moment in their lives they made the right decision. Maybe they had enough skills, knowledge and feeling to predict the future situation or maybe just pure luck but that actualy doesn't matter.
It's not their fault that we other didn't take the chance or recognize the opportunity. Everyone deserves what is capable of.
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Both. Again we will see pumps and dumps, this is inevitable. It can't happen that Bitcoin price will just rise or just fall. The question is only how far could it go in both ways.
At the moment it looks like market is recovering and the price is slowly rising but at moment I don't expect some big jumps. It will take some time for price to cross 15000$ again.
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Many institutions are testing blockchain technology, this is nothing new. Many see it as a future technology that could make businesses easier.
Still, any positive news about it things optimism and perspective that in the near future it will be much easier adopted and that new generations will be aquainted with it from the very begininig.
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You don't have much choice now, or better to say no choice at all.
One or two currently working cards are taking the advantage of situation on the market where is no other providers and options to choos like there was before Visa withdrew their cards.
So they can actualy impose their conditions, including all costs and fees, without competition. So, it's basicly take it or leave it situation.
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I don't know where these ideas come from, that China will decide the destiny of Bitcoin?? China is not the only country in the world and can't influence Bitcoin market in so significant way that it could vanish because of it.
Stop exaggerating the role of China in cryptocurrencies, Bitcoin can survive even without it.
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And connected with that we come to the question how Bitcoin can help poor people.
The answer for both is that this is very difficult just because poor people and beggars don't have the access to Internet, don't have computer or smart phone. Also, people in those categories are usualy have very poor education or even none and not enough knowledge about internet and technologies. If they had all that they wouldn't be beggars at first place, would they?
It's very complex theme and I can't see the solution.
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What about Neteller/Skrill debit MasterCard's?
Are they still working with depositing crypto into Neteller/Skrill account and then withdraw at ATM? I stop using them an year ago because of high fees.
Skrill MasterCard is still working but the thing is that you can't withdraw the funds at the ATM if you have loaded your account with Bitcoins. So, it's not fully functioning Bitcoin debit card. And the fees are still rather high. I don't know if Neteller is still working. Thanks, then I guess is the same with Neteller card, because they bought Skrill 2-3 years ago. So to use bitcoin -> Skrill/Neteller MC, you must deposit bitcoin into your account, then 'clean' this money with deposit/withdraw to some gambling site and then you will be able finally withdraw it on ATM. Yeah, I guess something like this. I haven't tried it that way so I can't confirm it's working. If it does, please update info here. Also, I don't know if it's possible to withdraw money that is deposited with Bitcoins to withdraw on some Visa card that you have registered with Skrill. That could be useful. |
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For me it'll stay decentralized banks will never appreciate something they can't control and even they try they will be had a really hard time to figure out regulating bitcoin so i really think bitcoin will gonna stay decentralized for a long time
But banks are not those who will regulate Bitcoin or other cryptocurrencies but governments. It's not banks who make the law but government and that makes difference. Banks could try to influence the law in direction they would like it to be but still they don't make the final decision. Seems that some people have troubles to understand how the states are functioning |
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I think that regulation is something that is inevitable and more and more countries will decide to regulate Bitcoin in some way. But I don't think that regulation is equal to centralization. Bitcoin can be regulated and decentralized at the same time.
Regulation means seting some rules how Bitcoin should be treated, what is legal and what isn't, how it should be fitted into financial framework.
I think that regulation could strengthen Bitcoin and help it to be more accepted, we don't have to be afraid of that.
I totally disagree to that, regulation is not equals to decentralization but will finally lead it to centralization. The way most government view bitcoin is not the same we investors may view it. They may claim to regulate bitcoin but end up placing rules and law that will place bitcoin into the hands of the riches; there won't be normal circulation of bitcoin the way it is now. I think you have somewhat misunderstood on previous statement. Here regulations means, a country specific framework. No countries will be able to control the bitcoin network. IT will remains de-centralized in all true senses. But the countries may provide regulations on how bitcoin or other crypto currencies should be treated within their country limit. They may legalize it, ban it or impose taxes on it. This is what is meant in the previous statement and that's true! Regulation is inevitable and the way bitcoin is progressing, majority of the countries will legalize it in near future because that would provide them with a steady flow of tax income and also help the unemployment scenario to some extent. But no government will be able to control the bitcoin network in any way. They can simply tell their citizens about their entitlement within their jurisdiction limit. Ecactly that was my point. I don't know why people think that with regulation governments will be able to control Bitcoin network. This only shows how little understanding and knowledge people have when Bitcoin is involved. Regulation is just legal framework how some government in some country will try to set the rules for cryptocurrencies and citizens who use them. But they can't control Bitcoin network, don't mix these things together! |
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I think that regulation is something that is inevitable and more and more countries will decide to regulate Bitcoin in some way. But I don't think that regulation is equal to centralization. Bitcoin can be regulated and decentralized at the same time.
Regulation means seting some rules how Bitcoin should be treated, what is legal and what isn't, how it should be fitted into financial framework.
I think that regulation could strengthen Bitcoin and help it to be more accepted, we don't have to be afraid of that.
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What about Neteller/Skrill debit MasterCard's?
Are they still working with depositing crypto into Neteller/Skrill account and then withdraw at ATM? I stop using them an year ago because of high fees.
Skrill MasterCard is still working but the thing is that you can't withdraw the funds at the ATM if you have loaded your account with Bitcoins. So, it's not fully functioning Bitcoin debit card. And the fees are still rather high. I don't know if Neteller is still working. |
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At the first place is education about cryptocurrencies, we definetely lack that. And because unsuficient education and information about cryptocurrencies many problems appear where they could be avoided.
We also need fair and justified regulation, cooperation of all parties involved in crypto world to make environment for crypto growth on benefit of us all.
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Currently there is no Visa Bitcoin debit card available due to the issue with Wave Crest. And there is no information if Xapo, Wirex and other will be able to provide cards again with some other partner.
However, some MasterCard related cards are still working, like Mistertango. You can find more information on their website.
Your choices depend also in which country you live in.
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At first, the main idea of bitcoin was technology that will make people free from regulations and taxes of States. Will remove corruption and make our lives more authorized. But it takes time.
I don't completely agree. The efforts to remove corruption and to give the alternative to traditional financing, yes, but I don't agree about the part that the idea of crypto is to avoid regulation and taxes. If that was true then we could say that idea of Bitcoin is to support anarchy and that is not true. |
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I'm checking crypto prices regulary, every day. Actually few times in a day. It has become a habit for me and kind of rutine.
I like to be informed about what is happening on the market and how the price is moving, thus I have the feeling that I will always have all relevant information on time.
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I'm one of those who supports Bitcoin regulation.
To my opinion that doesn't mean centralization but clearly set rules about cryptocurrencies, what is legal and what isn't. That could influence biger acceptance rate, especialy among businesses because they would feel safer and more protected. It would also mean more safety and clear rules for users.
That could only help Bitcoin to grow it will not harm it.
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