I see that the more bitcoin the more users seen from the significantly increased bitcoin price increase, is this a sign that bitcoin will soon become the future virtual currency?
I hope that bitcoin will become the future virtual currency but I am sure that bitcoin IS actually the virtual currency of all the world. I don't know other cryptocurrency which have the spread and the use of bitcoin in nowadays. So why must be named the future virtual currency and not the today one's? |
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There are aspects that make bitcoin users more and more convinced that bitcoin is a good place for investment so now bitcoin prices are rising in the market!
There are to many factors which makes the bitcoin price stronger in the market but the main one is the request for it. The demand for bitcoin make the price goes up because of the simple law of supply/demand. The demand is much more higher than the supply. This cause the increase of price. And this will be even in the future the main reason of the increased price of it. |
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Answers to this question are constantly posted on this forum and on Reddit by people who are not software engineers/developers, nor product managers. Either that or they are truly terrible at their jobs. Reddit in particular has really turned into a garbage dump, but that's something for another discussion. Anyway, in a business context you want to build software that meets your customer's expectations, so understanding how a user makes use of your software solution is really important for smooth communication and shared understanding between management, marketing and engineering. Normally you want to write out really detailed user stories/journeys, maybe even draw diagrams or create mock-ups that demonstrate the exact problem you're trying to solve and how your thing will solve it. Here's a teaser: Alice is at a farmer's market and wants to buy broccoli from a vendor. How does she pay? Here are just a few important details that we need to know first:
- What country is Alice in, and what are the economic conditions?
- How much money does she make every year/how well off is she?
- How technologically sophisticated is she/how old is she?
- What tastes and preferences does Alice have/what prejudices her in certain ways?
We need a lot more information before we start talking about what BIP we can code up in a day. If you think about these questions only from your own perspective and experience, you're discounting the majority of people on this planet that want to use the same technology. Bitcoin's value depends mainly on how many people can safely use it, and if it's not in use by the largest number of people possible, it will not achieve it's full potential/value. The correct answer to the question in this poll is "it depends". Bitcoin is for humans, and humans have different needs. Most likely every redditor and bitcoin.org poster's favorite potential use case, "in-person payments at high volume merchants", will not be satisfied by Bitcoin directly. Use something else for that one narrow use case if Bitcoin isn't doing it for you, and support the engineers who are working to make Bitcoin more secure and stable, goddamnit  As for me bitcoin is simply money and not simple money but strong money. In the meaning that it serve to buy everything that can be paid (first) but even a money that in time will have increase in value. So, in other words, serve to pay now but even to be put aside in order to have much more valuable things in the future from it. Then if you call it with several other names but who aim to secure the above functions that depends only from you. |
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Bitcoin is something radically new. Nothing like Bitcoin has been possible until now. I would go so far as to consider it sui generis; "in its own class". This makes it important to understand what Bitcoin actually is before we try to describe it to others. We're getting a good handle on the code, and of course on Bitcoin's function and utility, but what words should we use to describe Bitcoin itself? There has been some debate in other threads [mostly my doing] over how it is like/not like money, cash, dollars, etc. I'd like to start this thread by focusing on the term "money", and play Devil's avocate by asking for your best arguments that Bitcoin IS money. My legal dictionary states "In usual and ordinary acceptation it [money] means gold, silver, or paper money, used as circulating medium of exchange, and does not embrace notes, bonds, evidences of debt, or other personal or real estate." [cites omitted] Wikipedia says "Money is any object that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally, a standard of deferred payment." [cited omitted] Webster's Online Dictionary defines money as: - 1. The most common medium of exchange; functions as legal tender; "we tried to collect the money he owed us".
- 2. Wealth reckoned in terms of money; "all his money is in real estate".
- 3. The official currency issued by a government or national bank; "he changed his money into francs".
- 4. A piece of metal, as gold, silver, copper, etc., coined, or stamped, and issued by the sovereign authority as a medium of exchange in financial transactions between citizens and with government; also, any number of such pieces; coin.
- 5. Any written or stamped promise, certificate, or order, as a government note, a bank note, a certificate of deposit, etc., which is payable in standard coined money and is lawfully current in lieu of it; in a comprehensive sense, any currency usually and lawfully employed in buying and selling.
- 6. In general, wealth; property; as, he has much money in land, or in stocks; to make, or lose, money.
[links omitted] [/list] I maintain that per these definitions, Bitcoin cannot possibly be described as "money". And further, I think that those who do describe Bitcoin as "money" are doing this community a disservice. But that is just my point of view. Are there any that can convincingly argue otherwise, that Bitcoin IS money? I would make a question to OP: Are you able to buy everything with bitcoin? And yet another one: Are you able to use bitcoin for something else except to buy something? Both the answers of these question give a clear answer about what is bitcoin. As for dictionaries they are made from the people to serve the people. And are the people who can change them without any problem. |
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A couple of months back (March), I remember seeing bitcoin dominance about 85% when It comes to the market capitalization. Its currently 59.2% and probably will continue to decrease in the next a few days. Is this something to be worried about? Source: https://coinmarketcap.com/charts/#btc-percentageMaybe the last percentage is a little exaggerated because is low but the trend will be the decrease for sure. More and more projects or startups born every day and everyone of those have their coin which want its part at the market. Then if they have success other part of market go to those. So I think is normal this trend. |
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We all know that there is corruption everywhere, like in government or any other organization. Because of money, corruption can always happen with greedy people who always wants more money to them. Since bitcoin can be considered as money, can it also lead to corruption?
For sure yes. You have given yourself the answer. Bitcoin can lead to corruption even more than the other currencies because of its characteristics. The other currencies are much more controllable than bitcoin. So the corrupted people will love to be paid with bitcoin. |
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We are now experiencing the efficient, fast and amazing convergence of technologies which one way or the other greatly contributing to the rise of the cryptocurrencies and making Bitcoin as the King of the Hill so far.
Looking into the future...what do you think will be the scenario involving Bitcoin twenty years from now? Will Bitcoin be worth more than a million or will it ceased to exist? Or will a new crytocurrency replace the supremacy of Bitcoin...?
I think that not only twenty years from now but even hundred years from now bitcoin will be live and with big probabilities the king of cryptocurrencies. As for its value for this have no idea but for sure even this will be very high. I think too that no other altcoins will surpass it even may be a better crypto. |
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What would you do when you're talking to someone but then he suddenly talks about his hatred on Bitcoin, what would you react to it?
I've never actually experienced anything like this before, I just want to be prepared when it happened to me.
Leave him alone bro. If he don't understand and don't like "the world of walt disney" that mean that the problem is him himself and not bitcoin. There are to many others who will want to learn more about it and some of them will love it. Go with them and leave the first in his ignorance. |
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I have been seeing Bitcoins' price rising with a stability in its growth, but due to the higher mining fee that is being levied on transactions these days, big businesses are now moving their funds towards alts and taking advantage with their least fees as well as shaping a completely new economy in the trends of altcoin markets. Do you think this may harm Bitcoin's dignity and open up a chance in real for alts to rise?
I don't think that there will be competitors for bitcoin in price. Even there will be better altcoins compared to it. Like ethereum or some other altcoin. The popularity of bitcoin is immense and is growing everyday. No one other altcoin has such popularity. Anyhow never say never. So exist an 1% of probability that some other altcoin goes higher than bitcoin. But for me this 1% don't exist or better is only theorique. |
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On March 8th, Cheollima Civil Defense(CCD) released a video on its website claiming:” Han Sol, the son of Kim Jong Nam, and two other family members were met quickly and relocated to safety. “ And they receive bitcoin for financial support. http://news.8btc.com/bitcoin-plays-a-role-in-humanitarian-assistance This is something nice to do. But what if bitcoin be used to support some bad organizations, even terrorists? Is this already happening? What i am worrying is if bitcoin be widely used for bad things, negative news would be all over and bitcoin price will drop. It will lead to tougher regulation. Do u think world leaders are willing to kill btc to make sure they can fight terrirists? Bitcoin was used from terrorists before your post. Terrorists of one of terrorists attacks a Paris have used it and this was mentioned by the Authorities. The problem is that I don't see problem here. Or better. No problem compared to the other money. Bitcoin is money and can be used like the all other currencies. For bad and for good. Depends from the hands in which is used. So have any fault. The terrorist will go all at jail or dead and bitcoin will go higher and higher in value. ;-) |
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A Federal judge in new York has recommended to cancel the charges of money laundering on local business based on the definition that Bitcoin does not fall under the definition of money. Instead, the judge Hugh B. Scott ruled that Bitcoin is more like a commodity. While he noted that Bitcoin might one day become so reasonable that it can be considered as money, Scott suggested that he currently has more in common with collectibles such as trading cards and other novelty items.
The case involved a 31-year-old man who allegedly sold Bitcoins for $13 000 to the agent in an attempt to launder money and distribute drugs. However, the interpretation of Scott was adopted by the district judge of the United States Charles Siragusa, who expressed skepticism about the possible consequences.
This is a controversial issue, so lawyers for the defendants said that they will try to withdraw the petition. In this situation, the protection refers to the scepticism of Siragusa as a defining factor in their current strategy. Lawyers of the defendant also stressed that their client is in no way connected with the so-called darknet market and just traded Bitcoins, like other trading "baseball cards, stamps or coins."
Bitcoin is not known as money at USA so is normal such action. If I am not wrong, according to USA regulators bitcoin is a digital commodity and as for me in such way must be interpreted everything connected with it in order that be conform the regulations. |
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http://finance.yahoo.com/news/9-ways-kids-smarter-money-100050132.htmlThis article doesn't talk about bitcoin but it got me thinking how to get kinds interested in bitcoin within the context of appropriate money management lessons. Think of we could teach kinds about it. The growth, the adoption, the inflation and retraction. The allure of the "internet money". ...what other ideas come to mind? I think that kids must be leaved in they world because cannot understand nothing about bitcoin. Bitcoin has no importance for them and I don't see why needed to learn something like bitcoin to them. They must learn to many other things before bitcoin. Pretending to learn to them such things has something maniacal within. |
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Hello everyone,
I need to know how to run my Signature ??
Thank you
I don't understand what do you mean but if you need to create a signature campaign for some product you want people to join then there are to many ways to create it. The most ordinary and easy way is to can contact people here at bitcointalk which offer themselves to be as a manager for such kind of campaign and hire them. They have experience in such kind of actions and can arrange everything. |
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Recently, I've been trading bitcoins on btc-e, earning only a little, yes, very little, except the fees that btc-e takes.
Besides trading, are there any good method to earn bitcoins? Thanks.
Sure. The most spreaded one is to be paid with bitcoin when you made some work. For example if you are coder you can easily find work with the new projects which born every day in the world of crypto. Then you can earn bitcoin if participate in various ICO-s which these startups made to have money to develop their project. If you are able to chose the right project the coin offered at these ICO-s will increase in value in time. Then you can earn some bitcoin even participating in signature campaigns that these startup organise in the time of ICO-s. |
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So we've all seen people saying bitcoin should be more stable with its value and that can actually lead more people into bitcoin world.
But I've not seen this question being asked or answered as of yet, "How can bitcoin be more stable?"
What factors play role in that, and is it actually possible?
First you must know that the last two years bitcoin is more stable than the most of real money in circulation and which have an Authority who take care of those. So I think that the need that bitcoin is more stable is much more a need of the past and not of present. Anyhow if the bitcoin will become unstable again the main factor which will make possible that it be more stable is the spread. More people have bitcoin more stable will be even this coin. |
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Recently, i often see discussion about Bitcoin Bank. More and more people come here and ask about bitcoin bank & surprisingly i see few user agree with this idea.
So, i would like to find out the percentage of user who agreed with this idea.
Honestly, i think this idea is stupid and worst idea that i've seen in my life. What do you think?
p.s. we don't talk about bitcoin debit card OR any centralized service which only ask name and email address.
I think that you are totally wrong. Bitcoin is money. Or at least "play" the role of money. Mainly. The Bank is created (as a institution) to give money and to earn from this process. A normal business like hundred and thousand others. People always will have need for money from the banks. One day may have desire to have credits in bitcoin. Why the bank doesn't give credit in this kind of money? |
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I have been seeing Bitcoins' price rising with a stability in its growth, but due to the higher mining fee that is being levied on transactions these days, big businesses are now moving their funds towards alts and taking advantage with their least fees as well as shaping a completely new economy in the trends of altcoin markets. Do you think this may harm Bitcoin's dignity and open up a chance in real for alts to rise?
I think that bitcoin can be harm only by coin who offer more than it. In other words are better than him. The specialist talk that ethereum is one of those. And the fact is that ethereum is gaining more and more visibility and usage. I think that only such kind of coins can put in risk the credibility and usage of bitcoin. Not the other cases. |
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Hey Guys, what would be your opinion if there would been Bitcoin shops in big cities like London, Berlin or Paris (also smaller cities). So you could go inside the shop and buy or sell Bitcoin for a good price. I think it would be an good (and an advantage) idea because more people would use Bitcoin so the price would rise up and the people who are owning Bitcoins at the moment would have more money in Bitcoins.  Best regards, Patrick  I don't think that worth this idea. There are to many ATM worldwide now which make exactly this that you propose to be made with your bitcoin shops. With the big difference that the costs are much less. You think that worth pay the rent and the salary of the employee of your shop to do this activity? And if yes what will be your results if someone near you install one bitcoin ATM? |
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Guys I know that there are previous posts and polls regarding the highly suggested source of bitcoin but things always change do I want to know what is the current best source of bitcoin nowadays. Please participate on this poll and kindly tell us why that's your choice. Thanks in advance and God bless us more The best source is to work and to be paid with bitcoin. Among all the kind of works that can be paid with bitcoin is coding. If you are able to code you for sure and easily can find work with all these cryptos start ups that are developed nowadays. Even they can pretend to pay with their crypto you can easily change those in the exchange where is listed the coin in which you will be paid. |
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Hope this will give me a clear understanding of the direction that Africa should take in embracing Bitcoin. If the answer is positive will inquire about how Africa can adopt cryptocurrency.
Hello friend! I think you are a little late. I have African friends (from Kenya) who not only know bitcoin since months but even hold or use it for several reasons. I don't know if you are African and if yes from which country but your data about this matter are a little old. Maybe in Africa bitcoin have not the spread that it have in several European countries or USA but to pretend that is not known seems a little not realistic for me. |
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