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Crypto is mainstream in Japan, it's not strange to see those stats, Japan is an example for the rest of the world.
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This seoul coin is not a decentralized coin and is just a centralized coin that is using the blockchain to mantanain the network,it's nothing related to bitcoin and it doesn't show any recognition of South korea to Bitcoin.
As I see it, it would be a local currency, many cities have one. For example, in Liverpool they have Colu that is a local digital currency. |
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What type of reasons do you think that only 1% of the world is really into bitcoin and other cryptocurrency?
On the one hand, we have the FUD, when people read articles about cryptocurrencies in mass media they come to the conclusion that cryptocurrencies are something negative and risky. On the other hand, there are not many places where people can use or spend their cryptocurrencies. |
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Today as we modernize some of the aspects in the economy like in the production wherein pneumatic machinery are being introduce. Thus, innovation has already prove its efficiency in the production which lowered the production cost. In the areas of transportation, there are cars also being introduced that run by a battery and efficient also and economy in terms of expenses maintenance compared to gasoline powered cars. Other than that there are already other inventions that promote the comfort of living in life. Thus, digital currency is another innovations. Could you consider bitcoin as the new innovations for fiat money? The answer will be used in my research term paper for the adaptation of unified digital currency that could be used by the people around the world.
There is no doubt about the innovative nature of bitcoin and the blockchain. Moreover, bitcoin has a great potential as a global virtual currency used all around the world. |
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The cost of creating something does not equate to the value of that thing. For example, the cost of building a car is not equal to the value of that car. However, some people use the cost of mining as an indicator of the minimal price bitcoin can reach, assuming that in case that mining is not profitable for miners, they would stop injecting new coins in the market.
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I don't know if the idea of a government backed cryptocurrency makes much sense. Virtual fiat money exists and can be used in many ways, credit/debit cards, mobile apps. What would be the purpose of these cryptocoins? Would this coins be traded in exchanges?
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I don't think that is the reason of their ban, the only menace to facebook is facebook itself. With the data breach scandal, they have shot their own foot and it would not be strange if they become irrelevant in the future.
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Stop amplifying things, The real news is Your bank will not allow you to buy bitcoins anymoreIt is planned by governments to try to regulate the Bitcoin and at least limit the entry of large capital funds. For you, this regulation will not affect you very much unless you intend to invest in large amounts(more than 10 Bitcoins). you can use some temporary solutions: People need to be a little patient. Bitcoin and cryptocurrencies will be accepted and normally used in every part of the world, in some places it will happen faster, in other countries the process will be slower. You need to take into account that this is a new phenomenon and governments are still trying to understand it. |
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Usually, when you browse the internet you have to deal with numerous ads than can be really annoying, unless you have downloaded an extension to block these ads. This new model lets you choose if you want to see these ads and compensate you for that. This is more fair and interesting for internet users. At the same time, advertisers know for sure that their ads are seen by real people. It's a win-win situation.
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How will crypto be adopted by the mass population? What will dealing in crypto be like?
It will be like when people started to use credit/debit cards, phone mobiles or any innovation. People will start to use them for paying for a ticket or a dinner and in a few years it will be something normal. |
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It's a bit of an exaggeration to say that bitcoin will take the place of the dollar, I think that bitcoin will be a currency that will be used globally and that will be something normal for most people but I don't think it will take the place of the traditional fiat currencies.
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It's not strange given the adoption levels of bitcoin in Japan. What is worrying is the 40% owned by whales because it would suppose high concentration levels, too much bitcoins in few hands.
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RSK is the first open-source smart contract platform for Bitcoin. The goal of RSK is to give added value and functionality to Bitcoin's ecosystem by enabling smart contracts, instant payments and more system scalability. RSK network can withstand 400 tx/sec (simple payment transactions). However, RSK goal is to reach 2K transactions per second using its Lumino technology. It will be possible to make Instant Payments, Payments in Stores and Shops and payments for Online Gaming. According to the information from their site, RSK Platform will use Bitcoin as its original currency and have already released their network test phase while working on the final product. Take a look at what RSK is all about on their site https://www.rsk.co/What do you think about RSK and smart contracts for Bitcoin? It can be a game changer for all the crypto industry and especially for bitcoin, the possibility of making instant payments in stores is very interesting in terms of bitcoin adoption. |
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Even if they forbid commercials for bitcoin, now everyone knows. The need for crypto money raking has already been the year of 2017 crypto money.
I hope 2018 will be the year of the subcoins.
They are not against bitcoin or cryptocurrencies, they are just banning ICO paid ads because there are so many ICOs that they can't check if they are legit or scams. |
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I don't think there will be any coin that replace bitcoin, there will be others that will have their own space and will be important like Ethereum but bitcoin will keep being the main cryptocurrency.
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They are using Bitpay as a payment processor, so they are not exposed to any change in bitcoin value, they receive payment in their fiat currency. This is how things will work in the coming years, there will be an interesting competition between existing and new payment processors that will facilitate bitcoin payments and adoption.
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This news makes people talk about bitcoin since football it's the most famous sport in the world and Milan is one of the most important teams. However, nowadays, it's difficult to be allowed to refinance a football team with bitcoin due to its volatility. |
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It's normal that telegram begins to have these problems, it's an application that is increasingly known and used, not only by the users of cryptocurrencies. The increase in the number of users makes the servers fall because they can't support so much volume.
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i think we all are expecting to takeover paper money by digital currency. if we look around we can see the evolution of digital era. what do you think?
1. by which year digital currency will takeover our everyday things?
2.why you think that years?
3.how you see this change going to come?
It will never happen, even if we are talking about digitized fiat money, there will always exist paper money that does not depend on technology. |
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If banks were against cryptocurrencies and wanted to destroy them, they would not allow their users to use their bank accounts to buy/sell cryptos. Banks see an opportunity in cryptos, in fact, many banks are investing in exchanges or crypto companies.
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