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Which of all the following bitcoin properties, do you think are the most worthwhile?
-Decentralised - This is a key property of the Bitcoin network. Decentralisation means no single entity has control over Bitcoin. It also increases the network’s security by eliminating points of vulnerability. The network is a peer-to-peer (p2p) network, much like BitTorrent.
-Digital - Imagine Bitcoin as an email application that allows you to send money. Payments can be sent and received on any computing device with an internet connection, instantly, anywhere. Just like you can access your email account on any computer in the world with an internet connection, the Bitcoin network allows you to access your money wherever you are if you wish to.
-Highly Divisible - People often ask “if one bitcoin is worth so much money, how can I possibly pay for small things?” The answer lies in the fact that a bitcoin is highly divisible. Like a dollar can be divided into 100 cents, a single bitcoin can be divided into 100,000,000 satoshis - that's a hundred millionth of a bitcoin!
-Frictionless - As said before, a bitcoin can be sent to anyone, anywhere, at any time, for free. Transaction fees are drastically lowered for both consumers and merchants using bitcoin. This feature, combined with bitcoin’s divisibility, allows you to pay one tenth of a cent or a million dollars without transaction fees.
-Volatile - Bitcoin’s price volatility has been a major cause for concern amongst people new to the currency. Whilst this is an issue, bitcoin’s volatility is a product of it being a new, young, and illiquid market. This dangerous volatility will pass as bitcoin becomes more established. In addition to this, there are easy ways for merchants accepting bitcoin to overcome these volatility problems.
-Pseudonymous - Media sources report bitcoin as being an “anonymous”currency like cash, this is incorrect. Bitcoin is not anonymous. Since every transaction that ever takes place in the Bitcoin network is recorded in the blockchain, the identity of any person involved in a transaction is only protected by their ability to deny their association with that bitcoin address. Once your identity is linked to a bitcoin address, everything you do through that address can be tracked.
-Irrevocable once sent - Like cash, once you pay someone, there is no way to get that money back without the recipient’s approval. For merchants accepting bitcoin payments, this is useful, since credit card payments can be revoked up to a week after payment.
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What do you think are the most important points to include in the bitcoin regulatory framework? What about existing anti-money laundering status to digital currency transactions? Bitcoin should be regulated through this type of regulatory? The European Banking Federation (EBF) recently has made some recommendations about bitcoin regulation, have a look: http://www.coindesk.com/european-banking-federation-bitcoin-regulation/ What do you think about the recommendations to policymakers regarding bitcoin and the block chain? |
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Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:
Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?
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Due to Bitcoin has received more venture capital investment than internet in its early stage ($362 vs $250), do you think this could be significant to say bitcoin will be totally success?
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are this same platform ? https://www.bityes.com/any way im trader at huobi (chinese market) that very good to get leverage i can get triple proit in trading but for a newbie trader (like me) that very high risk i get liquidation i lose 1.75 BTC in some month ago ( litecoin at price 55CNY)  i want to ask, can you create android aplication in english language ?  i want to comeback to huobi to trade again Our mobile app supports android phone and has a English version. You can download here: https://www.huobi.com/about/app?from=huobiIf you have further problem, you can contact our support team by skype(ID:bityes-support) or email ( support@huobi.com) |
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We are excited to announce that BitYes(Former Huobi USD platform) has migrated to Huobi successfully. From now on, all users can trade BTC in both CNY and USD market. And No trading fees on Huobi USD through September!Reasons you can't deny Huobi:SECUREOur risk control team has over 10+ years of experience Huobi provides a customizable security strategy system 98% of all bitcoins are stored in a multi-signature cold wallet PROFESSIONAL & ROBUSTDaily trading volume of 350,000 BTC has made a world record One-stop CNY/USD trading market Exclusive professional trading tool "Flash Trade" New and powerful APP with price alert. Download APP： https://me.huobi.com/about/app?from=huobi USERS COME FIRSTThe first CNY trading platform to allow free trading (Spot, futures, margin trading, mining pool products） Fast deposits and withdrawals (OKPay, Perfect Money, Mayzus with low fees), instant bitcoin transfers Instant BTC internal transfer between CNY spot account and USD spot account 24/7 bilingual customer service Trade on Huobi now: https://www.huobi.com/Any questions, please leave messages here or contact: skype: bityes-support |
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No! There is no connection. For the first 5 years, Bitcoin followed the US stock market. It deviated from it in November 2013 when we started our bear market. Some money may come to Bitcoin, but I doubt 99% of it will head anywhere but low risk assets in a risk-off situation.
XT is also not the cause of this recent decline. It definitely added to it but there was noticeable weakness through the whole rally to $320. That was all the bulls could muster at that time. The market was due for a pull back at the least and XT just threw gas on the fire. The cause was purely technical.
Could you explain further? |
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Have you guys ever attended any bitcoin meetup? What do you usually discuss about?
No, I haven't and will not. Mind if I know why? You don't find it interesting or anything else? |
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Have you guys ever attended any bitcoin meetup? What do you usually discuss about?
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This article appeared on Coindesk, written by Huobi founder and CEO Leon Li, and translated by Robert Kuhne, explores the current state of bitcoin in China – how is it being used and how is the government dealing with it? Li also offers some suggestions on the steps he thinks the Chinese authorities should take in regulating cryptocurrencies. Read here: http://www.coindesk.com/bitcoin-in-china-an-insiders-view/The article is originally published on Tsinghua Financial Review which is a journal targeting on Chinese financial policy makers and provide them with references. It's the first time a Chinese authoritative journal discussing about bitcoin and the relevant regulations. Feel free to make any comments here. Do you agree with Leon's view? |
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How many of you have used margin trading of bitcoin or litecoin? Do you think it's a better way to trade and earn profits?
Currently there are numerous exchanges offering margin trading. Some say it'll benefit traders to earn more money, while some point out that it's still immature and unreliable in bitcoin industry, and it'll harm the market development. Are you in favor of margin trading?
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BTC as a career? Is this a joke?
As I see BTC as a currency, this makes no sense. Would anyone talk of the US $ as a career?
You can have a career in blockchain technologies, or in services around BTC, but not in BTC by itself.
That is true, not an great idea to choose bitcoin as a career, it is better that we concentrate on our jobs and let bitcoin just be an part time income, it is good to hold good amount of coins in your digital wallet for the future, but making it as a career doesn't sounds great, you cannot invest your time in any currency to make it as your carreer, invest your skills and time in something where you are expert. What I mean is not bitcoin as currency, but bitcoin-related business, like trading exchange platform, wallet services provider etc.  |
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Thanks for sharing those posts, very helpful. There's still a long way to go before bitcoin is widely accepted in the whole world. But some countries or areas are one step ahead. |
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Can you imagine living your life only on bitcoin? How long have you tried to live only on bitcoin?
Someone has planned his vacation using just bitcoin, from flight and hotel booking to eating at a restaurant.
Do you have similar experience? Come and share with us.
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