Well, this is going to be your personal view on praying which probably isn't going to be the same as everyone elses. I do frown on people (though I do it myself) who go ahead and only pray when they need something from god, or want to do well at this or that. Praying like that isn't going to work (at least in my eyes) you're going to need to just pray to God when the little things happen, when good happens in your life, when people are healthy, food is on the table, and so on and so forth.
Some people pray to get things, others pray because they feel as if they're thanking god everyday for everything that they've been blessed with and are continuing to be blessed with on a daily basis.
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Well to the economy at large it probably isn't going to be much in the least, this probably due to the amount of people who are already becoming richer and poorer on the daily so it's not going to show too much of a change in the overall economy. Also, a lot of the people that are becoming rich are becoming rich on paper, they haven't come to the point where they've REALIZED (sold) their profits and have put that gain right back into their banks or wallets. So it's unknown if all of these people are going to stay rich once everyone goes to sell their shitcoins, shitICO's, and so on and so forth.
It's going to do nothing to the economy at large, our economies have seen crazier things before.
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Well, if you wanted a savings account I know there is some stuff like this when it comes to the Chinese wallets. Though I wouldn't think this would be safe, nor one of the best options with the current insane amount of volatility with Bitcoin so I'd avoid this entire thing all together. If you want something that's going to act like a savings account (NO INTEREST THOUGH) you should be using the BTC-VAULT from Coinbase, which is going to force you into leaving the Bitcoin there for a set amount of time with the only recourse being you AND ANOTHER DESIGNATED EMAIL approving the transaction.
So, BTC-VAULT from coinbase is really going to be it.
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I wouldn't come to saying something like this, I would be one to come out and say that Bitcoin could use a lot of work and could look to alt-coins for these ideas to be able to innovate and help themselves prosper and grow. When it comes to Bitcoin, we're going to have to fix the issue that we have with fees at the moment, I'm not going to be one and come out that having fees is ridiculous, cause it isn't the miners simply just aren't going to be doing something for nothing. But the current fees, they're a bit insane when it comes to how high the prices are.
Once we fix the network congestion issue, I think we should be fine on fixing the fees and then moving forward to being able to get more and more adopters of Bitcoin to build a solid size community here.
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One of the core things that I and many others will say on this forum is that you're going to need to control your keys to be able to manage your bitcoins, or at least have full control over them. So you're first going to have to start off with picking a wallet, this can't be any online wallet which is going to have access to your keys. You're going to need to pick one where you ARE IN FULL CONTROL, be it one of the TRUSTED desktop wallets, or a mix where you have the majority control over your coins (this is something like BitGo)
Other manging skills when sending and using are going to have to be watching the fee estimators to ensuring that you're not overpaying for fees or even underpaying if you need to get things done fast.
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Yep, I've made sure that just incase the government wants to come down and try to make my life a living hell they won't be able to without some sort of fight on my behalf. I have all the records of my crypto trades, investments, and activities. While it isn't much, it is nice to know that I've got everything documented in a worst case scenario. I am keeping tracks of my crypto records and even i am filing Income tax returns on my income from signature campaign and other sources which i am earning through bitcoin. So i am not afraid if in future it gets legal in my country.
Wow, that's pretty bright of ya bud. Wouldn't want the tax man fucking ya.
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This is going to be one of the many petitions that I signed, and that I know will go nowhere when it comes to a final outcome. Even if we get everyone who uses Bitcoin to come out and sign the petition, it's not going to change the fact that Amazon is only going to move forward with accepting another currency if they find that for a fact they'd be able to make more money off of accepting it, maybe less fees from accepting it as well. But with the current state of Bitcoin, who knows what they'd want to do.
I'll sign it, but it's not going to go anywhere.
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Something like this is one of those topics that people need not concern themselves with, cause in the end it really doesn't matter weather god is either or. God is still going to hold the dame place in your life (if your religious) and it shouldn't effect your view of him/her in the least if there a male or female. Everyone knows that god has no body and god is everywhere so we can not see it and god knows what we do in this world.
Something like this is what I've had to say I agree with, though I'll leave people with the task of imagining what they believe god is as that's fine for them.
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The only ones that I personally wouldn't have an issue with people doing would probably be something along the lines of Marijuana, that's one of the things that I don't fully understand why the government still has it rated on the same class as Cocaine and it still has harsh penalties for usage (given your in a state that hasn't decriminalized marijuana usage or something like that) The rest of the drugs are going to have to be a no-go for me and I wouldn't support them being legalized for recreational usage.
I think theirs a too high chance for death with the others, so negativo.
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Well, I know many people are going to come out and say how they would never do something like this. But if you're in a certain predicament (end of the world, going to die if you don't) you're probably going to drop all of your morals and all that bullshit and just go right ahead with eating a human. I hate to even write about it, but if the time came and it was life or death for me I'd simply have to bring myself to doing such a morally sinful act like that.
So, yes BUT ONLY IN A LAST RESORT OPTION.
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Well, I'd have to say it really depends on the merchant themselves if they'd want to accept an unconfirmed TX. If you're showing them you going through all the steps to pay for it and you're using a wallet that many others trust to not allow a double spend (BitGO, Blockchain.info, etc) then they MAY be ok with accepting an unconfirmed TX. But if you're doing something online they're bound to not allow for this to occur due to the simple fact that they don't know how you're going about sending it on the network.
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Here's the big thing that I think about the Paris Climate Deal / Paris Climate Accords, all the Liberals are coming out and going insane over it but in reality it's not like this document held any legal binding in the least. SO this wasen't going to stop any country from violating the treaty, this was just some political play from the Dems to feel as if they were doing something in regard to Climate Change and helping the world, when in reality they're doing nothing alongside the Republicans and Trump.
So it is great, leaving some bullshit treaty is wonderful IMO.
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I'd say a lot of people who do this are the ones that are the early adopters and the people that FULLY BELIEVE in the Bitcoin cause to a point where they are fully able to give up things in their life such as Fiat, I'd doubt many do this but I would say that people would prefer Bitcoin over Fiat for the purpose that they have full control over their money and no centralized government can force them into doing X,Y,and Z with it. Being able to have full control is something that everyone wants, though some people may not be able to adapt for it like some of the early adopters of Bitcoin have done.
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Bitcoin doesn't need Alt coins, alt-coins needs Bitcoins to be able to be even thought of as anything of a currency. It really dooms you for failure when you're FATHER CURRENCY (Bitcoin) is still having an insanely hard time attempting to get people involved in using it, adopting it, accepting it (through a business but can be personal too) and so on. These altcoins aren't going to become anything unless Bitcoin has a huge breakout into the global world and is used by everyday people.
That's the only time where I can see these altcoins every becoming anything, because at the moment they're really just taking a backseat to Bitcoin and just sitting around letting money get pumped into them for trading YET having no real usage in the world. They may have a plan for usage in the world, but no execution.
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Only time I could fully see Bitcoin dying (with a large fight from the whales, early adopters, members of this community, people with a monetary interest in bitcoin succeeding and thriving) is through massive worldwide government intervention to regulate and tax Bitcoin into oblivion. Think about it, the only people that would probably stick around with Bitcoin throughout this sort of think would probably be the early adopters and they'd be keeping it on the down low. Most normal people (I use the term normal to refer to everyday people) would simply just go back to their normal ways of life without Bitcoin.
Maybe an internet shutdown / failure as well? That'd kinda heed Bitcoin useless.
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Well, although not acceptable this sort of think already happenes today if you were to really think about the issue. We have tons and tons of inactive (at least we think) addresses that people haven't used in years, these people could've simply lost the coins in there and (if confirmed) it should be reflected ont he total supply as being lower. As we'd never be getting these coins back into 'circulation' ever again.
While not acceptable, it happens and it is AN ALTERNATIVE to proof of stake and or proof of work. Something would have to change on a major scale to see Bitcoin accept and use something like this, so I wouldn't throw the idea COMPLETETLY out the window just yet.
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Coming from the coinbase CEO I wouldn't think this news is even NEWSWORTHY in the least, that's like asking the CEO of a gold company if gold is going to be able to help you in an apocalypse / economic meltdown situation. Obviously you know this person is going to stray a certain way in order to scare people or just simply get them to go along with what he wants, it's a pretty simple business tactic that anyone would use.
Plus, Bitcoin isn't going to replace the dollar UNLESS someone in the government wants Bitcoin to replace the dollar, or if the government DESGINATES that they want Bitcoin to replace the dollar. They're not just going to heed control over their economy to a decentralized group of people with a digital currency, that'd just be wildly dumb of them.
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Hey hats off to them for doing something like this, they're going to getting more people at a cheaper rate (given that people who only use Bitcoin are going to be staying in some of these places) and they're going to have to deal with less fees as I think they're using some sort of Bitcoin merchant middleman. It's a step in the right direction, but it's not even a dent in getting to all the businesses / consumers in Japan that are going to need to be educated on the benefits of this tech to be able to get involved in the community and start using Bitcoin.
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That's most of my money in there!!!
Call NY lawyers and make them act against Poloniex to withdraw Your Money. Or simply just try to get in contact with the Polo support team to get this fixed in a timely manner without getting lawyers and authorities involved over something that is leaning towards your fault. You didn't get hacked too, you're just going to have to work with Polo (may take sometime as their bogged down with shit at the moment) and they'll probably glady give you whatever money you have back, even if it was your error that this happened. No you didn't get hacked, yes you'll get your money back. Good luck!
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You are assuming that the price will continue to rise. That is not guaranteed, so selling is not necessarily lost opportunity.
Selling may be the way to maximize your return, but it depends on the risk of holding.
And at this moment, with the current volatility and such it may be best for a good amount of people to simply get out and to just wait this out, though this is something that really depends on WHAT ROLE this money plays in your life. If it's something that you're going to need and can't afford to lose, obviously you should be doing the smarter thing and getting out with this money and not exposing yourself to this insane amount of risk. If you can risk to lose it, you can either role the dice or be happy with what you've made now -- OR MINIMIZE YOUR LOSSES.
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