No way. This isn't a question for this generation. This would be a better question for a children or grandchildren's generation (depending on your age).
Maybe in 50 years? But who knows how much bloodshed there will be from the collapse and attempts to save the petro-dollar during that timeframe.
the collapse of petro dollar is taking place right now as some countries reconsider dollar for buying petrol from the saudis. The 1944 Bretton woods conference sucessfully established the US dollar as a global reserve currency, then 1971 nixon shock took place when US abandoned the international gold standard. US will survive comfortably if petrodollar is abandoned because of the price increase of assets which took place over a period of time. |
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Gold has the faith of governments.
Wait...why? What's so special about gold, when so many other elements (rarer than gold or not) are just as expendable, but even more applicaple (energy, etc.) Energy? How do you stockpile energy?  Do you stockpile barrels of oil? Gold is a lot easier to store? It is a no-brainer to use gold as a store of wealth, rather than oil. I think his argument was going to be directed to a government operating on resources based energies, etc. The whole argument about why gold is one of the best storage of wealth is because it has been around from centuries. Not anything as rare as gold has been around for so long, and if it has, it was unable to capture the potential value people have invested in it. Gold fails in functions for an appropriate currency or storage of wealth but it has one of the most major feature: VALUE AND TRUST OF PEOPLE. |
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I think it's a crock of shit. Anybody agree?
Every douchebag with an iphone color wants to be the next pewdiepie and have a giant corporation pay them for buying viewbots.
All the people watching that garbage are wasting their life en mass.
Maybe a virtual currency forum isn't the best place to garner support for that sentiment....
Most of us doesn't agree with you, because google is leading in everything. I haven't still found a similar company that pays as much as google or more, there are similar but paying less. There are many other factors that affect the earnings such as country, how long does the visitors stay in your website etc. reason for that is google has monopoly in everything we do on the internet. They know everything we search, we buy their phones and use their browser. They already know what we are searching and what we need to search before we even discover it. Google knows way too much and practically own the market so if you think they are paying well, that's because others are unable to pay due to the less profit they make having google as their competitor. Google takes half of basically whatever you earn from advertising so imagine the kind of money they are making from youtube and google search engine itself, every fucking day. Google is trying to be with us in every part of our life. From physical things, wearable things (robots too) to the most of virtual things. It's own browser, search engine, google products: http://www.google.com/about/products/Do you know that products of google starts with every letter in alphabet. And it's Adsense product is just the only one. The point being that google is already strong enough to make major impact on the society. As much as revenue it is generating from all the services it provides, they also have a shit load of information. This information is way too private and can be used to know way too much about people. We have made google strong enough that if it ever turns into an evil corporation, it could potentially destroy the internet. |
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You don't need bitcoin adoption only among individuals.
You need bitcoin adoption among corporates as well.
And corporates try to stay on the right side of the law.
They have to stay on the right side of the law because they are answerable to the individuals and if a large amount of individuals are open to adopt a currency, it could be an exciting business scheme to offer lucrative deals to such individuals, pocketing more business as compared to their rivals in order to increase their demographics.
They just need a track of who has how much wealth. The exchanges act as an information source for them. If you exchange too many bitcoins for fiat,then the government will investigate if you have paid your taxes and all that wealth is accounted for.
I don't think that for a person who is exchanging a large amount of btc would have the lack of knowledge to know that they could be potentially tracked by the government. There is no way to determine who owns a wallet address, there could even be multiple wallet addresses by a single trader. Also, didn't really hear any government following up about taxes when the largest btc transactions took place. Check out the blockchain public ledger for the amount of those bitcoins. Interesting. |
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There are a lot of different posts and news on the internet, people claiming to be Satoshi, etc. I think that it is irrelevant to discuss that either Satoshi is for real, its an alias/fake name, its a group of people operating under a name, etc. I have read thousands of articles over the internet and made my own speculations, but I could find a little bit of relevancy in this article: http://www.newsweek.com/2014/03/14/face-behind-bitcoin-247957.htmlSatoshi is just a common man who has left all the btc money untouched, living a modest life and not interested/fearful to interact with the world anymore for all the questions he has to answer. Satoshi has handed over the project to specific people and he has no connection with bitcoin anymore. |
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I think you can seek legal action in court against a person who refuses to pay you back your fiat money and digital currency regardless of the time you granted them. You'd need to find a lawyer who has knowledge about shares, capitals and assets. I would suggest you to contact an experienced attorney rather than just a lawyer. With presentation of valid evidences and basic arguments, you can recover your money as well as get judicial remuneration.
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no i can understand it, as i said before to each his own, but it is something that i would never do, because i find it useless
In this case, did it never strike you that the ones who enjoy the process itself are usually better off beside those who find earning money boring as such (whether they spend later or not, I have to repeat this)? yeah it's probably the reason why i'm not so good at treading, well another reason is because i don't like randomness, but we are always there, the same argument i would not care about them being better at something which i find useless in case i've already many of it Randomness in trading means volatility, but every good trader loves volatility (since it provides an opportunity for profit) well said, who'd really invest in bitcoin if it was so volatile? Volatility also kills of appreciation in investments and kills a lot of room for profit, if anybody who is really scared of volatility, bitcoin might not be the one who'd break a deal for em. For such cautous investors, there's bank deposits but looking at inflation, LOL. Govt bonds might be the safest way but the slowest way |
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Right now bitcoin is becoming stronger in my country (Venezuela). It nows serves has a way to overcome strict government prohibitions (capital control).
Bitcoin enables foreign investors to inject money in the local economy, bypassing the ridiculous official rate of my local currency (the bolivar) which is 200 bolivars for every 1 dollar, whereas the black market pays 700 bolivars for every 1 dollar. To be able to send money almost immediately, without paying taxes of any kind and a the best trade rate is a winning combination that is making bitcoin more and more relevant in countries like mine.
Also: the Venezuelan bitcoin exchange platform (Surbitcoin) became the 2nd in market volume in south america. Huge props to those guys. I have used his website to exchange some bitcoins for bolivars and the experience is flawless.
heard about the conditions there but can never really believe unless listening from a citizen there. I know things are bad and the black market is the only way to get access to a lot of things at a decent price, how is your involvement with bitcoin helping you there? If I calculate accurately, simply doing campaign signatures could make you earn a decent amount of money per month for a decent lifestyle in your country. True? |
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yu should try ponzi website,or may be hyip. but it must be a newest website. i'm not sure,but i see the result.
How can be found that the ponzi or hyip can be new? And then are you sure that they will last since can be made profit? Because on those must be put your money in the beginning. Then the OP (serious man) want sure ways to double their bitcoins. That ways you suggest are doubt. The very reason you should not invest in ponzi schemes is right on its name, man, its a fucking ponzi scheme. They will scam you, a lot of people think that it is very profitable to get involved with a ponzi scheme at the start of the scheme but these schemers have evolved so much that they have successfully found ways to scam you at the first move you make itself, its no more profit in such schemes  Why told that must be invested there? In my post i tried to give exactly the arguments that must impedes to invest in there. If you answer to my questions the only decision that you can take is to not invest there any penny. just wanted to continue your argument along with my comment, because I think the same as you. I invested 100 dollars when I was a 15 year old in a ponzi scheme which was based on pyramid building and distribution of funds. Basically I would get money as long as I added 2 people to my pyramid and they added more and I helped them add more and stuff like that. LOL  what can I say, I was a stupid 15 yr old kid |
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Because, if a stock market crash happens USD will be affected and since BTC is tied to USD Bitcoin would lose value. But its all poor speculation by economists.
Bitcoin is totally independent of any stock markets so even though markets crash it actually should help bitcoin prices to move up technically. why does that not happen then? Scared investors or big whales dominating the market to cause certain drama, create certain situations or some other third world dude profiting from it? If bitcoin price rises, it benefits the people who have invested their money in bitcoin, but then why do whales create crashes if their funds are increasing in value? Who profits if bitcoin loses value? (except banks lol) |
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Nothing at the moment. Lucky for me I managed to sell off my stocks before the crash in china. Whole stash sitting idling. I was looking into altcoin investment but so many shitcoin around it's still much safer to just hang on and wait for the right time and opportunity.
smart move, I think the markets worldwide have been way to unstable for deciding the perfect draft for investment, I however do feel that you should decide which field really interests you, and invest in those companies and ventures which revolve around it, so you have knowledge about the business and easily know the market too. If you get a good deal, you can get some equity and you know what you can do with that |
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Some Governments are thinking to regulate bitcoin exchanges to stop their use as money laundering purposes. But bitcoin is not a bank or a financial company based in one city. How would regulation apply to something that exists in the cloud?
As of now the main use for digital cryptocurrencies has been for purchasing illegal goods and services from markets in black market. So all governments wants to regulate these transactions but not clear how they will do it.
The execution of regulating transactions isn't very hard tbh. we have a god damn public ledger recording all transactions taking place man. The reason why it can't be executed is that a govt can only track and access ID of a person who is from their own country, trying to access somebody else's ID would breach privacy and wage complications for the country. And it is impossible to determine which wallet address is owned by an individual of a particular country. |
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I think video content creators which is strictly related to bitcoin might be very less, if any and most of them are not up to a good quality, often home made and poorly edited. Often these preachers are not even experts on the topic knowing half of what they are speaking, but yes there are some good btc related content there. I think this is an opportunity for people related to video content creation who are interested in bitcoin to develop something out of it  |
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yu should try ponzi website,or may be hyip. but it must be a newest website. i'm not sure,but i see the result.
How can be found that the ponzi or hyip can be new? And then are you sure that they will last since can be made profit? Because on those must be put your money in the beginning. Then the OP (serious man) want sure ways to double their bitcoins. That ways you suggest are doubt. The very reason you should not invest in ponzi schemes is right on its name, man, its a fucking ponzi scheme. They will scam you, a lot of people think that it is very profitable to get involved with a ponzi scheme at the start of the scheme but these schemers have evolved so much that they have successfully found ways to scam you at the first move you make itself, its no more profit in such schemes |
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I don't think we'll ever need them at all unless they can take the deposit to find some ways to generate profit and give us back something in return. Banks need a way to manipulate the orderbook and since they can't change the blockchain, i don't think bitcoin will be if any interest to them.
Almost everything a bank does has to do with accounting. Keeping accounting the same across many branches using the blockchain is exactly what they need. yes, they need the block chain technology, not bitcoin. So if noobs think that banks will invest in bitcoin and soon price of btc will be 1000000000$ then boo hoo, that isn't happening. Bitcoin can and shall never be centralized, something which banks will do the day they can actually do it. And if people still expect a bitcoin bank where they'd get funds back to keep their btc there, lol. never happening. Rather go to btc lend for that |
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price gold in this week very strong already reach up to 1138 and what happen with bitcoin crashing without issue or something dropping fast just in 2 hour
Gold is limited item in the world so it will be always go in long term perspective. All these price lows are good time to buy more gold. you talk like you have explored and gone inside every land there is on planet earth. as long as you haven't done that, you never know for sure how much gold is left inside but yes it could be understood that there is not as much left as a noob would think. Comparing gold and bitcoin in terms of potential growth, its clear bitcoin is much more ahead but its the history and existence of gold from more than a century which really attracts people. |
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At its current state and direction it is heading? I don't think so. Unless the block size debate is resolved once and for all and this issue is put to rest, I don't think it will replace dollar anytime soon. People need confidence, that they can see the coin is reliable and the reputation is very important. I don't think we are progressing on that part.
This is not a giant project with millions of people working on it, despite having a 3.3 billion $ market cap, its only a tiny fraction of people who control it and develop it. Perhaps if it would be more decentralized then it would attract more people, as atleast keep its promise. Who cares if the protocol is decentralized if its still a few oligarchs who control it. I think a vast majority of people who really like bitcoin have been attracted to it because it offers privacy and anonymity, something which no currency has to offer. The reason I think bitcoin even exists is because it is a way of how transactions are made anonymously, something which could be harmful too but that's the very reason why bitcoin is used, on a larger scale. |
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I still love gold, because people can touch, wear it, and use it for cosmetics.
So the value has all around appeal for most people. And as long there is a demand for it, I see profit.
Dude, people wear their underwears everyday too. You can touch it and fucking wear it as a cosmetic if you are into that shit, its not about the extra features it has to offer man, if that's how you feel about an asset or a currency. The only reason there is demand for it is because of its historic existence from decades, if you measure gold in comparison of bitcoin regarding percentage increase in potential, you'd know where to really see profit. |
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I think it's a crock of shit. Anybody agree?
Every douchebag with an iphone color wants to be the next pewdiepie and have a giant corporation pay them for buying viewbots.
All the people watching that garbage are wasting their life en mass.
Maybe a virtual currency forum isn't the best place to garner support for that sentiment....
Most of us doesn't agree with you, because google is leading in everything. I haven't still found a similar company that pays as much as google or more, there are similar but paying less. There are many other factors that affect the earnings such as country, how long does the visitors stay in your website etc. reason for that is google has monopoly in everything we do on the internet. They know everything we search, we buy their phones and use their browser. They already know what we are searching and what we need to search before we even discover it. Google knows way too much and practically own the market so if you think they are paying well, that's because others are unable to pay due to the less profit they make having google as their competitor. Google takes half of basically whatever you earn from advertising so imagine the kind of money they are making from youtube and google search engine itself, every fucking day. |
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The future of Bitcoin will be determined whenever a celebrity/actor starts using it in a movie, then everybody would want to own and use Bitcoins. After all that, Bitcoin becomes mainstream and it would be happily ever after, the end.  Why have a celebrity using Bitcoin in a movie, when you can have a movie about Bitcoin? Bitcoin has enough factors (Satoshi's mystery, Silk Road, overnight millionaires) to make a blockbuster. Agree completely. A film about bitcoin will be a very big success. There are all the ingredients to be a thriller like to most beautiful thrillers of the story. All told in the previous post. But maybe even others that can be discovered from someone interested to make the scenario of of the movie. I think it could also benefit small time youtubers to create bitcoin related content, it could market itself due to its popularity. I see very less youtube channels which are only dedicated to bitcoin or cryptocurrency related videos. With more than half a million daily bitcoin users, I don't think so finding audience would be such an in-achievable task, rather he'd grow audience for the channel itself |
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