Another thing to do which is outside getting something for yourself in which seems impossible for you to do now since you cant literally spend, is to give it out to charity as I am sure there are charitable organisations that are in need of funds for water projects in a far away land, or eradicate polio in another far city, or for the provision of basic items for refugees among other noble cause that the bitcoin can be channeled into.

Bitcoin to me will only become international currency only until when world governments can make a push for it. Like USA in the West or Russia, China etc but that will not happen until they are able to break through the blockchain technology and be able to get their own cut in terms of revenue that will accrue to them. Aside that, being international currency will be a wish that will continue to operate under the radar.

The reason why I guessed the very rampant age restrictions about bitcoin is really about the vices someone might get exposed to in this crypto world such as scams, gambling which have to come along with taking responsibility that is lacking in kids. But at the same time since bitcoin is about anonymity then there is really no need for whether one is underage or not. When a site is asking for too much details about me, age inclusive, I just move on to the next site offering the same service.

Your argument is a very correct one and that is a very cogent weakness that I am sure the governments are capitalising on to wage against the popularity. Another way bitcoin can ruin a country is the untraceable nature of transactions. In the case of fiat when a particular account is flagged for fraud the account is barred and the person linked to it can be apprehended but same cannot be said of bitcoin with bitcoin the money is gone forever.

For me, the sure way I earn bitcoin is what you have listed above. However, I lay my hands on couple of other things to earn more bitcoin and they include but not limited to claim bounties for sign ups I am comfortable with, engage in some twitter campaigns, do some little micro jobs here and there, and the one I go visit on an often basis and that is gambling all these sum up together could turn out to be something at the end of the day.

From the way I see it, it seems like a threat to bitcoin for me. The reason for that is because the moment they can exploit that move into their banking system, then the advantage of bitcoin over the existing banking system has been leveled and they wont stop there. The next thing they will go into is developing their own crypto currency for the use of the Chinese people and we all know the effects of news from that end can have on bitcoin generally.

If any country will not follow bitcoin, count USA out and now adding England to it, they are the two countries at the fore front to either make or mar bitcoin. When they make a direction, I am sure not one or two countries will follow the same way. I guess the liberty we are still enjoying today is because of the indecisive decision concerning bitcoin of these two Nations.

Several reasons why a coin can be officially dead for me, the moment a coin has gone down to a percentage and the margin between where it was and where it is now is so large, the volume of trading has decreased, developers are no where to be found to give the necessary boost in due time before the coin attains maturity, then the coin is officially dead, it might not worth 40000 satoshis but sooner or later, its going down.

I think I need to voice my opinion as well on this The Billion Coin because this is something I see on a daily basis even outside the forum as it is rampant but what surprises me is the fact that people just sell at arbitrary prices as I only see people who wants to sell not one person I have seen that has indicated an interest to buy, Until I come across this thread that I am actually not the only one having that reservations concerning the coin.

For me I dont see that as a factor in determining whether the world will accept it or not. Because I have seen successful musicians sucks at any other thing other than show biz. We have seen trump coin here and I didnt even bother to check how its doing so far its not taking over from Monero for it to come close to bitcoin. Some business are just meant for specific set of people and crypto to me is not meant for entertainers.

I am actually just reading about this now but in my own opinion, the things you listed are among the basic things anyone who is interested in making investment and expecting some form of returns should know the availability of the items. But, I must commend your awareness because some people are not really interested in the technicalities of any coin just the face value and put their money.

The issue of illegality of bitcoin is mostly out of ignorance to some people especially in countries where government has not taken a position concerning bitcoin backed with a particular law. And the reason why people chose such position is because of not only the negative tings that bitcoin is being used for which no one can do but the fact that they cannot be traced by regulatory agencies which is one step ahead that fiat has gotten.

I remembered the first time after I had read a lot about bitcoin and the likes. It was the first time I would earn a sizeable amount to convert to Fiat. To say I was anxious would be an understatement. What added to it was the fact that when the coin has been sent, then its not reversible in which I was not ready to lose after considering the effort I had put in gathering at the end I was surprise by how fast and seamless it was then but now, I have learnt and now feel less nervous.

When it comes to the issue of politics, no one can be completely independent because there is no way you can make decisions and not take into consideration the effects it will have in a number of people. If he says he wants to go after Bill Gates what of the number of people that are being employed by Microsoft or even gong after Warren Buffet. There is no way a president can be independent, he could make decisions but those decisions have been made for him. He is just the mouth piece.

From the way I see it, its will continue to rise due to several reasons that I will be highlighting:

1. People have always wanted a new way of doing transactions that defies all forms of government encumbrances and when an option came by Satoshi it was embraced.

2. As much as possible when the popularity start increasing, then the unit is not moving in that direction then demand is more than supply which will definitely will increase the price.

3. Continually from there, people start giving it the publicity by trying to bad mouth it thereby increasing its awareness.

Based on what I have read from replies what I can gather is that, you can do it, but dont be caught. But that does not make it legal. does it? When it comes to issues like this you cannot expect a free service we give opinions based on experience or what we have heard and then you use that to make a decision but when issues happen, you are left with it. I will only suggest you get opinions of legal experts in matters like this before making a decision you can also write admin of sites already functioning if they will be of help.

To the best of my knowledge, once one confirmation has been done, then the transaction is irreversible even if it will take 10 or 15 confirmations that should not be a problem. So rather than having to go to the shop every time for groceries, then I just have to take the list of everything I need and buy at once by that I will have to save enough time pending the confirmation period will be improved upon at the same time with adequate transaction fees, it becomes faster.

If you had set at the back of your mind that this activity I am venturing into loss is a sure thing and that winning might come then you wont be surprised and you will handle it well. No need of blaming the site, blaming your God, or blaming how unlucky you have become, just accept that this money I am wagering is going forever and thats prudence concept in accounting.

Thats actually where the hard part is because telling someone the advantage bitcoin possesses, you will just be so free to say it and elated at that as well but when it comes to the disadvantages which is the untraceable then everybody mind goes to the terrorists, money launderers, porn sites among other things thinking they are the only ones needing privacy in their transactions but at the same time people who dont engage in such things deserve privacy as well. The feeling that I can do this transaction and no one can know where I live is fundamental.

I went for maybe because saying outrightly bitcoin will overcome paypal is just like saying bitcoin will be used freely by all countries without meeting some conditions. Paypal has one factor that bitcoin is still lacking which is nothing than the backing of government which is what  will always give it an advantage over bitcoin until that is done for bitcoin to have that status, thats when it will then be at par after that we can now start talking about overcoming paypal.