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The only complicated thing about Bitcoin is the different understanding people have about what Bitcoin is and its purpose in the financial ecosystem. A lot of people see Bitcoin as a digital asset and others see it as a digital currency. Personally, this has been the only complicated thing I have seen about Bitcoin. People not knowing the truth nature of what Bitcoin is and the ideology behind the creation of it. This has also been the reason why the adoptation of Bitcoin into the mainstream financial ecosystem hasn't been successful. People having different knowledge about Bitcoin is the most complicated thing about Bitcoin..
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First and foremost when you say trust Libra Coin with your money, are you referring to people investing in the Libra Coin ? Investment has nothing to do with trusting the crypto coin. You don't need to trust the Libra Coin before investing in it. So far as there is an investment opportunity for a particular crypto coin, investors do not need to trust the coin before investing.
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What people in this crypto space need to understand is that crypto exchange platforms provide services and people are expected to pay for them services they provide them. In as much that some platforms provide lesser fees than others does not really guarantee that they all provide similar services. There is no way most crypto exchange platforms will agree on the fact that they should lower their fees and profit margins. No one will provide services without having the mind of making profits.
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The Italian Minister Council continues to wage its war on cash, with the latest ratification lowering the maximum allowed amount for cash payments. This could lead to the rise of Bitcoin in the country.
The current officials are cracking down on cash usage and have lowered the maximum threshold for cash payments from €3,000 to €2,000 starting 2020 and 1,000 Euros onward from 2022.Click here for the full newsTo all Italian crypto enthusiasts here, are you in favor with this or not? It seems that the prime minister of Italy is now in favor of cashless payments than spending paper bills in various products and services. I also like his idea that companies who are operating in Italy are penalized if they do not accept credit or debit card as mode of payments for their customers. One thing that Italy should solve is those who are “unbanked”. Of course, not all Italians have a bank account or qualified to have a credit card. Enter Bitcoin and other cryptocurrencies. I think this is a baby step towards full cashless society, and I strongly believe that Bitcoin and other cryptocurrencies will also be part in their future system. What do you guys think about this? Is this a great idea for Italy’s future? Should they be a great example to other countries who needs to transition from cash to cashless? Well, I don't really see any relation between what the Italian Minister council is trying to introduced and bitcoin or cryptocurrency in general. In as much that the current officials of Italy are interested in making they financial ecosystem cashless does not really conclude that they are interested in cryptocurrency and bitcoin to be precise. They will rather prefer a centralized cashless ecosystem than a decentralized one which they might no have any control on the in flow of funds. People shouldn't be very happy about this. |
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No one knows for sure (with any degree of certainty) what the future holds for bitcoin. Having said that, most will agree that the future is bright.
Here are 10 reasons why Bitcoin is strong today and will continue to grow:
1. Bitcoin introduced blockchain technology for the rest of the world to utilize.
2. Bitcoin itself is a protocol that will continually evolve.
3. Acceptance (Bitcoin is only 10 years old!)
4. Much of the developed world where payment systems that enable instantaneous person-to-person payment are not available, would love to adopt Bitcoin.
5. Volatility will minimize as the public at large becomes less sensitive to everything the media spews out and as more users adopt it.
6. As larger corporations start offering Bitcoin as a payment alternative, smaller companies waiting in the shadows will jump on the bandwagon.
7. The market capitalization of Bitcoin indicates that the currency is now too big to collapse (and is backed by the trust of its users).
8. The buying process of Bitcoin will be made much simpler than it is at present by exchanges, corporations, and developers.
9. Bitcoin will be featured regularly in the remittance world and by travelers and travel agencies alike.
10. Bitcoin is universal and globally recognized as a store of value.
These are exactly the understanding and knowledge the entire world should have and obtain about Bitcoin. These reasons explain what Bitcoin is and the possible future of Bitcoin. Thanks for sharing such an insightful post. The entire world needs to understand these reasons because thus the only way some people in the world can understand that Bitcoin is not what the media present it to be. |
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As we all know, mining is now completely centralized.
First and foremost, I don't really think I agree with you on the argument that mining is centralized. Do you really understand how the entire system of mining works ? please you need to eleborate the basic reasons why you thing is centralized in the first place. Because I think a lot of people on this forum wanna know what exactly you have seen to finally conclude on this. |
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If get you well, you want to create a ticket version of Bitcoin which actually has a value of Bitcoin but can be used without the need of having an internet or pc or phone thus an offline version of Bitcoin? This idea of yours sounds interesting but the only problem I have with it is that, Bitcoin is not really adapted by the world and the entire financial space. it will be better you wait for Bitcoin to be fully adapted by the entire ecosystem of the world.
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First and foremost, you need to understand that cryptocurrency or bitcoin investment to be precise is really not for everyone and also not for people who don't really understand and knowledge the basic necessities for investing in any crypto coin. The price of Bitcoin shouldn't the reason why anyone will stop investing into Bitcoin. People should be more concern about the trading and market volume of Bitcoin within 24hrs or a week. The trading volume and market volume of Bitcoin gives you the investor knowledge on the progress of the entire bitcoin ecosystem and market. The price represents the value of the crypto coin rather than the progress of the entire market of that particular crypto coin.
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Scammers in this crypto ecosystem will always find a way to scam people in as much that Bitcoin or the entire cryptocurrencies become traceable. scammers usually explore on people who either have no knowledge or ignorant on how the entire crypto space. Scammers do not target experts in the crypto ecosystem. They are always looking for the vulnerable ones in the ecosystem. Bitcoin being traceable will not really solve the problem of scam. Scammers will always be around so far as there are ignorant people among us..
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1. Now Myetherwallet was hacked by random password algorism. 2. It is possible to pass the Ledger nano's recovery sheet. 3. Hacker can buy another ledger nano wallet. 4. They can put the hacked recovery word to the new wallet. 5. Our asset is stollen easliy. 6. Paper wallet( Bitaddress ) is also same above. Am I much strict? I dont know how I can keep my coin perfectly safe. I know there is no perfect about anything in the world. But can you notice the best way to keep the coin safe? Or can I make the hardware wallet only for me? I can do programming and machining material because I am a engineer. Thank you for reading my long question. Have a nice day  in this online world, every individual is in charge of his or her own safety in terms of keeping your wallet and funds safe and secured. It doesn't really matter if you are either using a hardware wallet or an online wallet, once you share your wallet details with a third party, your funds will definitely by stolen. In this part of the financial ecosystem, your safety of your money is in your own hands. Hacking is only possible when you make yourself available or share personal details related to your wallet or account details. Hackers always need your permission before they can actually have access to your wallets or online accounts. |
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There are no specific ways or information with regard to the ways and methods cryptocurrencies are likely to used to replace the use of fiat currency. Each day and day out, people develop new crypto coins with no specific responsibilities for that particular coins and what exact problem the coin is gonna solve in entire financial ecosystem. This strongly shows that the entire cryptocurrency space do not have any specific goal towards improving the financial ecosystem. If Bitcoin is a get rich quick scheme, then fiat is a get poor slow scheme
why should you make this assumption in the first place? The only different between Bitcoin and fiat is the system used in their mode of transactions. Apart from this, there are no significant differences between Bitcoin and Fiat. People don't really understand the brain behind the creation of Bitcoin and cryptocurrency in general. Once there is lack of understanding, people will also create this kinda post on this forum. |
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I recently went for USA Visa interview , i.e I applied for a business visa. For the purpose of VISA, I needed the documents to show my bank balance, therefore I went for getting the bank statement sealed and signed from bank authorities. I am from India the bank in which I have account are one of the best banks in my country. Now first I took out print out of 6 months statement, then went to bank physically, then the real pain started, they told me to put a seal and sign on my Bank Account Statement, they will charge 100 INR for one month's statement, and I felt cheated, I felt these guys are in a business of monopoly, for my money, my account, they are charging money from me just to authenticate that my balance amount is right. We surely need crypto currencies, and do not need anyone else's validation to proof that we have our own money. More and More Power to BitCoin. What steps I am taking to make people aware of the power of bitcoin, and cryptos? - Helping them buy their first Bitcoins
- Making the understand the power of bitcoin hash power.
First of all, you need to know that nothing in this world is actually free. Any services provided by people always comes along with a fee. In as much the Bitcoin makes you in charge of your money, it hasn't gotten to the point where people can use it to confirm the amount of money they have in their wallets in order to travel as their financial statement. Due to this reason, we will still use the banks statement as the only option to indicate once financial profile. We need to promote Bitcoin to get to the level where no one will actually use bank statements as a proof of financial profile and status.. |
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Unlocking this now as it looks like the wallet has been refilled. If users wearing the sig start spamming this thread with comments about the wallet being filled I will remove you.
I don't really understand why some people can't understand simple instructions. Its quite sad to always see some people exhibit this kinda of behaviours. Thanks yahoo62278 on updating us, keep up with the good works..  |
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Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=324128Current amount of Posts (Including this one): 1932 SegWit BTC address for payouts: bc1qzagu75sw2nj7d4g7484j6884dhdydcxelrjuce EARNED merit in the last 120 days: 9 I will change my signature and avatar once accepted. |
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Hi all
I need an urgent short term bitcoin loan of 0.5BTC in order to detach a wallet that a recovery company have helped me recovered from a forex scam.
I will be back to pay you the 0.5BTC with additional 0.25BTC on top of it for the help in about 1-2 weeks.
I am not able to pay them the 0.5BTC now because most of my money have been lost to the forex scam.
I hope someone here can help me out with this.
If you're willing, please send the 0.5BTC to this wallet address:
17kmEyQJZhXkafWUTNhhvdKJC3SgV9xr9U
Please also let me know that you have sent it together with a screenshot of the transaction and include your wallet address and email so that I can send you back the 0.75BTC when the funds are available.
Thank you in advance!
The bank will be the perfect place for you to get a loan. This forum does not look like a bank and has no features that looks like how banks operate. Do not waste your time and others time here asking for loan. This forum is not a financial institution that gives out loan to strange people. |
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Considering the entire crypto space and the knowledge and understanding level of majority of people in the crypto space, you will understand that Bitcoin is no where considered as under utilized by people. The reason why you may think Bitcoin is under utilized is due to the fact that Bitcoin is not really used in the mainstream financial transactions. But if you are trying to tell people to use Bitcoin in their daily transactions rather than holding unto them then in some way Bitcoin is being under utilized. A lot of people in the bitcoin space see bitcoin as an investment coin rather than a currency for exchange of goods and services. In such case, bitcoin is highly under utilized.. |
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What if I'm in an area without internet and I need to spend bitcoins? Wouldn't it help the decentralization principle if bitcoin doesn't depend on third-party internet connection? An internet built on the Bitcoin blockchain should be a possibility.
First and foremost, you need to understand that the internet is not a third party entity. It is just the connection of computers all around the world. To connect to the internet, you just need an entry point not a third party. And secondly, you can't make bitcoin transactions without connecting to the internet. The transactions need to be broadcast on the blockchain network for it to be recorded on each node on the blockchain network. The internet is the key element in making a bitcoin transaction. |
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According to a new report by Adamant Research, an analytical firm, Bitcoin is creating a new economic class of people who are not reliant on traditional financial institutions. The study is entitled “Bitcoin Reformation” and shows parallels between Bitcoin and the Reformation period. Bitcoin is now a new economic class, and that’s pretty exciting. What is Bitcoin? Let’s start off with the basics first. Bitcoin is the original cryptocurrency - a digital asset that relies on the central tenets of decentralization to function. Bitcoin (BTC) is built on a blockchain, which is a distributed ledger that records all transactions that take place with the network. Bitcoin functions outside of a central bank or government, and was created by Satoshi Nakamoto in 2008 in response to the global financial recession (among other things). Bitcoin has the highest market cap in the crypto asset market, and remains the largest coin by market cap. https://www.youtube.com/watch?v=41JCpzvnn_0&t=1s A new economic class Adamant Research highlights the fact that Bitcoin is now a new economic class by showing how it’s formation is similar to the Reformation-era merchants who unseated papal authority in Western Europe. Tuur Demeester, who heads Adamant Research, compares the proliferation of computation, the storage of data, and cryptocurrency and blockchain in the modern world to the technological revolution that occurred in Europe in the 16th century, the driving force behind the Reformation. The Research Shows that Gen Y - Millennials - have a general distrust of traditional financial institutions. Living through the 2008 financial crisis turned millennials towards tech instead of banks, and it shows in how much they favor Bitcoin over other age demographics. There’s such a level of distrust in banks and other institutions, that a Facebook study shows that only 8% of millennials actually trust traditional financial institutions. Millennials are projected to be in control of the largest amount of disposable income within the next decade, and could land up at the forefront of the crypto asset economy. This means that Bitcoin could result in one of the biggest transfers of wealth in modern history. https://twitter.com/TuurDemeester/status/1192443398701101057 Bitcoin Reformation According to Tuur Demeester and Adamant Research, we’re entering a period of financial reformation where Bitcoin is now a new economic class. When we look at a comparison between the Protestant Reformation of the 16th century, and the cryptocurrency reformation (let’s just call it that), it’s clear that something fundamentally revolutionary is occurring here. Millennials will soon hold most of the world’s disposable income, and that means more money going into Bitcoin and other cryptocurrencies. Gen Y’s inherent distrust of the traditional financial system means that more emphasis will be placed on cryptocurrencies and other forms of tech. Oh, and if you’re still not convinced, let’s not forget that Satoshi Nakamoto released the Bitcoin whitepaper on Reformation Day in 2008. eToro is the world’s leading social trading platform. Learn more at www.etoro.com. Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework. Your capital is at risk.https://ourbitcoinnews.com/did-you-know-bitcoin-btc-is-now-a-new-economic-class/After spending some time reading through this post and the source links provided, I do not see anything unique about this so called new economic class and how relevant it is to the entire financial ecosystem. Its true that Bitcoin and cryptocurrencies in general are setting up new financial standards and financial freedom but I don't see them becoming a new economic class. Your economic class is usually determined by the amount of funds you have personally in your bank account or your standard of living. So my question is, how is bitcoin now a new economic class ?? |
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emojis, are the facial expressions of someone applied through cartoons, so in my opinion emojis that match the bitcoin are, emojis smile ...
LOL... I don't really think Bitcoin needs an emoji to represent what it is. Emojis are meant to represent emotional expressions of people and also represent some physical items. This BTC is the symbol that can only represent Bitcoin. There is no particular symbol that can truly represent Bitcoin rather than this BTC |
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