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401  Economy / Economics / Re: Can Bitcoin End World Poverty? on: July 07, 2017, 11:52:35 AM
Bitcoin, introduced in a standard manner, as it is now, is going to follow the 80/20 rule, 80% of the money will be held by 20% of the people.  Currency is not the poverty issue, it is a deeper societal issue that cannot be solved with FIAT, or Bitcoin or any currency.

That is quite correct, they always consider Fiat as the main reason of poverty.  But that is not true, if the country can provide all the necessities of its people then they will no longer be considered  as poor.

Because fiat is somehow in another matter, well it will be a main factor of 'development' yes, but considering fiat as a factor of poverty doesn't make any sense right?
402  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ICO] DIMCOIN The Future Of Equity on the Blockchain on: July 05, 2017, 10:21:43 PM
Hi All,

The Signature Campaign will begin later today and the full bounty campaign thread will be posted tomorrow. For now, we are accepting translations.



When does the Bounty program will last and when the signature campaign will be started.

The signature campaign already started, in fact the first payment of the qualified members of the campaign was paid, and I am one of them, so great to be part of this project. But I am not sure if the campaign is full, there are a lot of people applying in the campain.
403  Bitcoin / Bitcoin Discussion / Re: How the future of bitcoin will look like on: July 03, 2017, 04:15:44 PM
I actually do not share in your sentiment that Bitcoin will continue to have a bright future. Look at its dominance in the coinmarket some months ago and what it is at the present you will discover that it has dropped. Yes the price may be soaring but surely this won't continue up trend. The altcoins are here to take over. In Jan this year Ethereum was merely $8 but today it's over $320. More altcoins too have seen this rise in value. It's just a matter of time before Bitcoin goes a crashing.
If you cannot see the potentials of Bitcoin then what more about Altcoins?

These altcoins will never take over Bitcoin, yes maybe in coinmarket alcoins dominates but in reality, they're just a spec to Bitcoin. How can I say this? Well, as of now more and more countries are accepting bitcoin as their currency, not only that, they're also accepting Bitcoin as a mere payment for a services or even merchandises. Thus, Altcoins cannot race with Bitcoin.

If we compare the price of Bitcoin to the top Altcoin (ETH) as of now, its only mere 13% discrepancy.
404  Economy / Speculation / Re: what's best time to invest in bitcoin ? on: July 03, 2017, 03:47:34 PM
Nobody invest when the price is high,if you think there is a good correction, wait for that to happen and then put a buy order and the most important thing to understand is never panic and sell off from the price you brought,it will surpass one day,just have some patience and hold,entry is more important for any form of investment.
How can we know if the price is that high? How could we know that it is the right time to buy, invest and hold Bitcoin?

We really don't even know if the price of Bitcoin is really that high or that it is the right time to buy, invest or hold Bitcoin now. It doesn't make any sense at all, because what you are trying to say now is that we already knew when will it drop its price or when will it skyrocket.

Also you're saying that we have to understand and don't panic; we can be those people if we already have that knowledge when it comes to Bitcoin. But what about those who've just started in this industry, for example a person bought Bitcoin now, then a fork came and then the price dropped, the only reaction he will be having, is panic and regret by investing into Bitcoin at that time, murmuring (I should've wait). But then again, how could we know?
405  Economy / Economics / Re: Can Bitcoin End World Poverty? on: July 03, 2017, 03:19:23 PM
It may be possible if bitcoin becomes legalized in that country who has a lot of poor people and the transaction fees may be an hindrance for them
Well that is just the issue here, how can they even earn Bitcoin in the first place if that country is really that poor? Based on what you've mentioned, these poor people don't even have enough money to buy gadgets, or even worse don't have the knowledge to use one ('cause they're poor).
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because if they want to buy coffee for only $2-5 they would have to $0.15 or 0.85 just to make the transaction faster and to buy coffee. They would have to convert their bitcoins first into their fiat currency to be able to buy goods and neccessities and would decrease of price in bitcoin depending on the volume of people converting it. 
That is exactly we wanted to resolve here, what if instead of converting Bitcoin to any specific fiats depending on the country is to just accept Bitcoin as payment directly, thus no converting needed.

And also, the price of Bitcoin will not decrease due to converting it to fiat.
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The only work around this problem is first thst coutry needs to legalize bitcoin and second resolved the bitcoin scaling issue.
Well, some of them have already legalized it. But how can we resolve the 'scaling issue' if we don't have the full control of Bitcoin (not that we can do such a thing, talk about decentralized cryptocurrencies).
406  Economy / Economics / Re: Bitcoin reduces unemployment on: July 03, 2017, 02:51:21 PM
It must be acknowledged that the presence of bitcoin creates many new business and job opportunities, such as mining, trading, new coin and so on. Though not significant, bitcoin proved to reduce unemployment.

Reduce unemployment is the good service of bitcoin but those who are working for different industries? If they see that unemployed person earning more than us. They will also leave there jobs etc and start working in BTC websites. Start investing money into BTC. So can you tell me? How would be the government reaction? How would avoid this reaction. How to avoid people to don't leave there industries, else there will be no development in a country.
Exactly! Not only the government but also the industries of the country, it will have a huge impact on it.

Imagine that all the people working in the industry tend to use Bitcoin because its worth the gamble than those ordinary jobs. Then what will happen to them? Bankrupt eventually, not only that, it will also reduce the production of the different products we are making, like canned goods, plastics etc

We won't need robots for that

That's basically why I removed that part in your post in my reply. If some industry loses jobs due to folks "migrating to Bitcoin", so to speak (or for any other reason, for that matter), the goods that this industry produces will be in short supply soon thereafter leading to a deficit and prices hiking. This will cause the wages to be paid for these jobs to rise proportionately until the vacancies are filled again. Thus the problem will get resolved without the use of any robots, by humans alone
Well, whoever you are (I'm assuming you're a bro), I want to bump fist with you.

But setting aside the hike of wages to be paid for these jobs - what I'm just saying is that, this is also a solution for that problem. I mean, by investing a lot of money just to build these machine will result a great fortune. You now don't have to pay for the salaries of these workers per tick, instead you just have to maintain the status of these machines.

Not only that, those people also who've migrated to using Bitcoin don't need to return to their past jobs just because they're more relevant now.
407  Economy / Economics / Re: Can Bitcoin End World Poverty? on: July 03, 2017, 02:01:57 AM
I believe that it can remove the poverty of the world if the people are educated and will know to use he technology of bitcoin which is not a problem and hard for anyone. They if start to use bitcoin then they will earn a bigger amount of money from their home and will start their own businesses.

It's not just about knowledge. there are a millions of people who can't even afford a clean water and eat three time a day. you really think they can afford a cheap gadget or even

rent a computer?. Lets face it, bitcoin is not accessible to everyone. To help reduce the global poverty someone should lend a hand and bring the horse to the water not just

bringing the water to the horse. i believe that the government is the one who can do this.

When talking about poverty, everyone seems to be looking forward for the government's action. In actuality, our future belongs to us and depends on us. The government is just there to keep the rules and regulation going on. If you live in a country where resources has a shortage, then that's just how it is. Bitcoin isn't relevant at all. After all, people don't have a choice about their ethnicity and their location of house.

Like me, even if I would want to live in USA just because the culture there and the life there is much easier, that's not going to happen unless I excel by myself. So, with the people that can't afford gadgets, they would have to improve themselves before they can get help from bitcoin. Save up enough money to buy a smartphone and then learn how to do bitcoins. But then again, with the small pay rate and lack of resources, this seem to be very implausible.

Nonetheless, we can't just whine and blame the government for these things happening to us. Remember that the government is just a group of people and if your country is poor from the start, lacks resources, lacks competent people, then the government can't do anything about it. In short, what's fucked up ever since will continue to be fucked up unless they get help from other major countries. But then again, major countries won't just lend a hand since they aren't going to have any resource in return.
408  Economy / Economics / Re: Bitcoin reduces unemployment on: July 02, 2017, 11:57:14 PM
It must be acknowledged that the presence of bitcoin creates many new business and job opportunities, such as mining, trading, new coin and so on. Though not significant, bitcoin proved to reduce unemployment.

Reduce unemployment is the good service of bitcoin but those who are working for different industries? If they see that unemployed person earning more than us. They will also leave there jobs etc and start working in BTC websites. Start investing money into BTC. So can you tell me? How would be the government reaction? How would avoid this reaction. How to avoid people to don't leave there industries, else there will be no development in a country.
Exactly! Not only the government but also the industries of the country, it will have a huge impact on it.

Imagine that all the people working in the industry tend to use Bitcoin because its worth the gamble than those ordinary jobs. Then what will happen to them? Bankrupt eventually, not only that,
 it will also reduce the production of the different products we are making, like canned goods, plastics etc.

Well, at some point we can resolve that missing workforce by having robots do these 'jobs' for us.

No one is leaving these industries and to think that this is happening in mass due to bitcoin is just wild fantasy thinking. First off there aren't that many bitcoin holders and second of all an investment in bitcoin is no different than say an investment in Tesla stock and trust me no one is suggesting industries are losing their hard working labour force just because people are earning big money from their Tesla shares.
Well I've been thinking, if these hard working laborers knew what are the potentials of Bitcoin then they will eventually tend to it.

But here comes the twist, what if instead of paying laborers by Dollars (or whatever currency they are in), they will be paid in Bitcoin. Then no one will ever leave their jobs.
409  Other / Off-topic / Re: Young people should go all in on bitcoin on: July 02, 2017, 11:44:16 PM
Well, it will be a very useful investment in the future, and it will make them more independent.
I don't really like that idea because the people that are under the age of 18 years old should be building a business that is similar to what they want to do instead of building it around Bitcoin.

Making money off them is fine though only if they are over the age of 18 lol.

Age does not matter if you use bitcoin)))
You can make money at any age, if a person is ready for it. Children need to be taught to think about their future and create capital
Why do you people want these kids go to Bitcoin as early as possible? What is that you want to gain?
A higher price, because they're hoping to take part in a giant greater fool game until they can eventually dump it on some poor sucker who bought it later than them.

Unfortunately Bitcoin won't give them that game, because whether they like it or not it's going to actually get used.
Oh are we being selfish now? Forcing these kids to dive to Bitcoin just to reach that high price?

Like I said, if all of these young people end up being a Bitcoin enthusiast, how will we manage the government and other aspects if there will be no replacement for those who've already served the country.

I mean really, all of them? We can't force them even if we lecture them about 'what is Bitcoin and its potentials'. Its will always be their choice.
410  Bitcoin / Bitcoin Discussion / Re: Bitcoin as a source of income? on: July 02, 2017, 10:00:49 PM
I forget what it is called, but a few years back, I heard of a company on the "Let's Talk Bitcoin" podcast that was talking about being like an ADP or payroll processor that helped companies do payroll in bitcoin.

I don't know if it's still around or if it ever got off the ground in a big fashion, but I do know that the overall plan was to bring bitcoin to the masses by helping corporations pay employees in bitcoin instead of dollars.   Anyone who started doing that back then has more than tripled their savings if they actually did it.
It will be interesting to know what happened with the project you describe, lets see of other member remember the name of the project, but at the same time while what you say it is true, most people are not very fond of taking risk when it comes to their salary, I don't have a problem taking risk with my bitcoin because I know I have my job to pay the bills, I don’t think I will be able to take the same risks with my salary.
I agree, it really is up to you whether you choose your job or the Bitcoin. If your job pays more than what you earn in Bitcoin, then there's no problem.

I think the only point on what he is saying is that, BTC has lots of potential, and what I mean about potential is that, the possible to earn more in Bitcoin.

Though there are lots of ways to earn BTC, it will still be a gamble; by investing your time and money. If you wanted to invest in BTC, you have to spent so much time for just to earn that certain amount and that is very crucial. And also you have to learn more and more about Bitcoin so that eventually it will be easy for you to comply on how to earn more in BTC than your regular jobs.

Except you can't make consistent earnings with bitcoin unless you are running some kind of bitcoin based business... The only situation where you should stop working from bitcoin income is if you already have enough to retire on.
Also we must not forget that traditional jobs offer things that bitcoin does not, like a retirement fund or medical insurance, that can be very expensive depending on where you live so it is a good idea that even if you can earn earn a lot of money in bitcoin, to keep your traditional job to get all of those benefits that bitcoin cannot give to you yet.
Well how about that, if the project really does exist and is successful then, it will be easier for the corporations to adjust to Bitcoin usage.

Because imagine, instead of quitting their jobs, lets say a worker in the factory (which tend to do a lot of work), how about paying them in terms of Bitcoin and not fiat.

There's so much possibilities, not only that, maybe it will also decrease or even eliminate corruption. Don't you think?

I just hope that its a successful project.
411  Economy / Economics / Re: Bitcoin reduces unemployment on: July 02, 2017, 04:29:22 PM
It must be acknowledged that the presence of bitcoin creates many new business and job opportunities, such as mining, trading, new coin and so on. Though not significant, bitcoin proved to reduce unemployment.

Reduce unemployment is the good service of bitcoin but those who are working for different industries? If they see that unemployed person earning more than us. They will also leave there jobs etc and start working in BTC websites. Start investing money into BTC. So can you tell me? How would be the government reaction? How would avoid this reaction. How to avoid people to don't leave there industries, else there will be no development in a country.
Exactly! Not only the government but also the industries of the country, it will have a huge impact on it.

Imagine that all the people working in the industry tend to use Bitcoin because its worth the gamble than those ordinary jobs. Then what will happen to them? Bankrupt eventually, not only that,
 it will also reduce the production of the different products we are making, like canned goods, plastics etc.

Well, at some point we can resolve that missing workforce by having robots do these 'jobs' for us.
412  Other / Off-topic / Re: Young people should go all in on bitcoin on: July 02, 2017, 03:59:45 PM
Well, it will be a very useful investment in the future, and it will make them more independent.
I don't really like that idea because the people that are under the age of 18 years old should be building a business that is similar to what they want to do instead of building it around Bitcoin.

Making money off them is fine though only if they are over the age of 18 lol.

Age does not matter if you use bitcoin)))
You can make money at any age, if a person is ready for it. Children need to be taught to think about their future and create capital
Why do you people want these kids go to Bitcoin as early as possible? What is that you want to gain?

Bah, you guys think, it will work that way, think again. If so it happened, then what will 'be' the 'government' right now. No politicians, no law enforcement, and no one is keeping order because every next generation end up being a business man focused in so called cryptocurrency.

Although anyone can use Bitcoin, still there has to be someone who will be those guys that will keep the government alive, right?
413  Other / Off-topic / Re: Young people should go all in on bitcoin on: July 01, 2017, 03:50:57 PM
Forget about everything else and just put everything on bitcoin. You are living with your parents, they pay everything for you, you got nothing to lose. If I was living with my parents, I would save everything and buy bitcoin monthly. If BTC doesn't keep rising you can still reach the 21 BTC holder group, then save this and retire in 10 years when the price makes you a millionaire.

Go all in on regret later. You are on a privileged position to profit from high risk high reward moves. No risk no win, and BTC is the best long term high risk bet.
Young people must go in bitcoin Its better for them to get busy in bitcoin than busy in drugs and vises.Once they get an income here I know that they will serious get in touch to bitcoin because of this extra job with pay and many of them will get interest to do this job.Some of them be an inspiration and example that bitcoin can change life.
My friend, I have a trivia for you, Bitcoin was first recognized in the 'Deep Web', well I will assume that you're familiar with this.

Since no government can track ANY transaction made in BTC, then it also possible to buy 'illegal materials' (I'm not gonna mention each one of them) without even noticing.

Having this information, I think 'young people' (even older people) will tend to use Bitcoin more because it really is a life changing (sarcastically).
414  Economy / Economics / Re: Can Bitcoin End World Poverty? on: July 01, 2017, 02:58:07 PM
I agree that Bitcoin could resolve "one's" poverty, but I disagree that Bitcoin will resolve "world" poverty.

I'm not being pessimistic about the potential of Bitcoin but the thing is, the way people see poverty is those who has nothing; no clothing, house, food etc. that are obviously necessities.

But if these people have those I've mentioned, by having an average earning of money(and what I mean about average is the normal salary rate), then they're do not belong to the poverty section anymore, because they already have what are needed.

We always classify people to 'how much they earn', what luxuries they have; these vehicles, houses, gadgets etc. that are not necessities at all.

My point is there will be no equality, someone will always gonna be at the bottom. Even if all people are 'rich', there will always be the poorest one even if that person is also filthy rich like the rest of them.
415  Economy / Speculation / Re: I have been waiting for Bitcoin to reach $3000 on: June 30, 2017, 11:59:17 PM
Many are waiting for the price, and until now bitcoin prices are still stable. Either up or down, it may affect the development of bitcoin in the future, and it will probably determine whether bitcoin will be more popular, or not. The $ 3000 price will determine everything

Sure we are many that waits for the price to increase. No one wants the price of bitcoin to get down unless you want to buy when the price is at dip. The price itself is already the signal if bitcoin is becoming popular or not. It's because of the supply and demand.

The price is not a signal, it is more like the sign for investors and users if they are doing good. And most of the new people that are new to bitcoin, especially the ones who wants to invest want the price to dump so they can buy now. Also the one's who sold their bitcoins want to buy another coins again for a good profit in the near future.
416  Economy / Economics / Re: Is USD being used for illegal activities? on: June 30, 2017, 07:50:43 PM
The USD is doubtless used for the most illegal activities in the world, but other currencies are used as well for illegal activities. The government can prohibit what they want, illegal activities will always exist and in most times paid in cash.

You mean illegal transactions. US dollars or other fiats are being the payment of their activities and if they want a little bit of anonymity, they use bitcoin. And yes, illegal activities will always exist to balance the world. We can't just leave at peace because that will be really making the world not balanced.

Though US dollars are not that used because it always depends on the country, and if another country will be paying another country, they will use a currency that has a higher value than US dollar.
417  Other / Politics & Society / Re: Where would society be without the internet? on: June 30, 2017, 01:28:38 AM
Your guess?
Well it will probably happen if this world of ours have already gone to a Post Apocalyptic setting. Where mere advanced technology still exist but no 'Internet'.

Where the population have decreased by 50%, and people will be isolated from each other; villages by villages. And we have to use this gigantic machines(from the past world) just to make sure that there will be no hostile aliens that'll attack you, and make transactions to other villages.
418  Other / Off-topic / Re: Young people should go all in on bitcoin on: June 30, 2017, 12:50:11 AM
Forget about everything else and just put everything on bitcoin. You are living with your parents, they pay everything for you, you got nothing to lose. If I was living with my parents, I would save everything and buy bitcoin monthly. If BTC doesn't keep rising you can still reach the 21 BTC holder group, then save this and retire in 10 years when the price makes you a millionaire.

Go all in on regret later. You are on a privileged position to profit from high risk high reward moves. No risk no win, and BTC is the best long term high risk bet.
Yes at some point you are right. But if this situation would've happened it eventually create a chain reaction. If these 'young people' you talk about will go all in on BTC, well if you are saying that instead of paying tuition fees in school these people's money will invest to BTC; technically you're also saying that they will become out-of-school-youths?

That's absurd my friend, that will have a great impact on the government. I mean if no more young people will go to school then there will also be no more generation that'll uphold the government.

Imagine all these 'young people' will just gonna be staying home and doing BTC. Not only to the government but what will happen now to the whole country or even the whole world?
419  Bitcoin / Bitcoin Discussion / Re: Bitcoin as a source of income? on: June 30, 2017, 12:19:48 AM
I forget what it is called, but a few years back, I heard of a company on the "Let's Talk Bitcoin" podcast that was talking about being like an ADP or payroll processor that helped companies do payroll in bitcoin.

I don't know if it's still around or if it ever got off the ground in a big fashion, but I do know that the overall plan was to bring bitcoin to the masses by helping corporations pay employees in bitcoin instead of dollars.   Anyone who started doing that back then has more than tripled their savings if they actually did it.
It will be interesting to know what happened with the project you describe, lets see of other member remember the name of the project, but at the same time while what you say it is true, most people are not very fond of taking risk when it comes to their salary, I don't have a problem taking risk with my bitcoin because I know I have my job to pay the bills, I don’t think I will be able to take the same risks with my salary.
I agree, it really is up to you whether you choose your job or the Bitcoin. If your job pays more than what you earn in Bitcoin, then there's no problem.

I think the only point on what he is saying is that, BTC has lots of potential, and what I mean about potential is that, the possible to earn more in Bitcoin.

Though there are lots of ways to earn BTC, it will still be a gamble; by investing your time and money. If you wanted to invest in BTC, you have to spent so much time for just to earn that certain amount and that is very crucial. And also you have to learn more and more about Bitcoin so that eventually it will be easy for you to comply on how to earn more in BTC than your regular jobs.
420  Economy / Speculation / Re: Sell or wait? on: June 29, 2017, 12:07:40 PM
Today I do not see any sense at all in the panic that is raised throughout the forum. I remember the last year, when in the summer because of hacking the exchange by a hacker, Bitcoin fell very heavily in price. But after that we see that the price for Bitcoin has grown almost 5 times. I believe only in Bitcoin's strong potential, so selling Bitcoin will be imprudent.

I did not experience any panic in the forum, maybe the panicI first experienced is that when there are members of the forum that can't access their account or this site. I think with these splitting, the price will really flop down. But there are people that says it will not be happening so it is better to wait and hold our coins, we don't know what might happen.
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