Imagine one day all the btc moved frm Satoshi Nakamoto's wallet to binance exchange

Why bitcoin is votality compare to fiat money. Many say bitcoin is not a good investment because it is votality.

What is votality?
liability to change rapidly and unpredictably, especially for the worse. this is the fast price change.

Why is the votality of bitcoin high?
Bitcoin is a low supply at the time of its growing number of users and it has become a demand for the masses. Many want to buy, Many want to sell in easy-word multiple transactions. When many bitcoin transactions are fast market movements and we do not know what might happen because of the emotion of the seller and the buyer may have the price increase or decrease. So the bitcoin is votality because of the small supply and in-demand.

Why is fiat money not too volatility?
Because the government is able to regulate a traditional money, they can make new money and just increase its supply so that it does not have a votality compare to bitcoin.

Note: This is my only opinion, if you have any opinion you can also share it.

Maybe I'm wrong but I have the feeling that with Bitcoin price growth we have got a lot of new users who are not honesty and passionate interested in Bitcoin but only in fast, instant profit and if they don't get it they got disappointed and give up. Some of them don't even bother to get some basic knowledge about Bitcoin and cryptocurrencies in general. That is also the reason why we see so much panic selling when the price dumps. Is that only my feeling or do you think that also?

Several transactions of mine have gone with 0 confirmations in the past several days.  And some of those I was paying 1.5X or 2X the recommended fees.  Nothing.  Nada.  Zilch.

Bitcoin has gone from being an expensive network to use to a practically unusable network.  I was defending Bitcoin against millions of tards back in 2011 and 2012.  Are they going to have the last laugh on me now?  It pisses me off to actually see some of you defending this too and saying "this is the way Bitcoin is supposed to work".  Umm... NO IT IS NOT .

I have ZERO confidence left in Core and their "developers".  Their network can't handle the slightest bit of volume without totally seizing up.  And then Adam Back is out there with the press talking about Bitcoin vendors and merchants running a tab system??  Really??  You can't do your job properly so you want people to run a tab in BTC??  You saw this coming from 10 miles away and did nothing about it.  Stupid or malicious?... you decide.

I will be converting my remaining BTC to BCH, Dash, XMR and coins that actually work! And coins that have teams that have at least a Grade 7 level understanding of economics, ie.. "when you are at capacity, you open more locations".  And not throw out "but but centralization!!" juvenile red herrings!

Long time Bitcoiner of 6 years here saying, "SEE YA LATER! CASHING OUT NOW!"

I am curious about the price of cryptocurrency usually recovery in the weekend even most of cryptocurrency are in the downtrend ?
 

Two days greenery then suddenly 4 days red. I think this happened due to money makers. Most are coming to money making from fluctuation. Because of this fud or any bad news there , these people get panic and selling their portfolios so the  whole market crash.

But people like us , invest to the technology. What ever the thing has happen , we think that this has good future. so we keep our coins for long time.



This is my opinion. Why more red days and few green days

Florida Tax Collector to Accept Bitcoin, Bitcoin Cash Payments

A Florida county tax collector has partnered with bitcoin payments processor BitPay to accept cryptocurrency for a variety of services.

Seminole County Tax Collector Joel Greenberg said in a statement Monday that his office will take bitcoin and bitcoin cash for payments associated with driver licenses and ID cards, automobile tags and titles and property tax.

The office decided to accept the cryptocurrencies in an effort to streamline fee collection, reduce the potential for fraud and identity theft and increase the transparency and accuracy of payments. Greenberg's office added that it does not perceive any "price volatility or risk to the County" in accepting the cryptocurrencies.

credits: https://www.coindesk.com/florida-tax-collector-accept-bitcoin-bitcoin-cash-payments/

First, humans exchanged commodities. You could eat it, burn it for energy, modify it to create tools or jewelry. You exchanged something useful for something useful.

* It was energy.

Then, humans exchanged commodities for gold. You couldn't eat it or burn but it was still possible to modify it.

* It was poor energy.

Then, humans used papers checks or bank notes. It wasn't very useful, but you still could burn it during a very cold winter.

* It was very poor energy.

Now, we wants to use Cryptocurrencies. You can't do anything with it.

* It is not energy but proof of destruction of energy.

Something looks wrong. We should exchange potential energy, not destroyed energy.

I am new in Canada so I don't know how active Canadian Bitcoin Community. Maybe this topic helps Canadian BTC users to share information.

We can share BTC blogs, trading sites, and forums from Canada.  

Hello folks,

I often discuss with friends and family about newspaper articles where banker, politicians and ceos give their options about the future of bitcoin.
Bankers speak mostly against bitcoin and spread FUD. People who work in the information industy often like the idea.

What do you say? Is there a definition of bitcoin fans and bitcoin hater? And how would you describe them?

https://cryptocurrencynews.com/alibaba-bitcoin-btc-bubble?utm_campaign=rss__ccn&utm_source=[Suspicious link removed]&utm_medium=twitter

Hi. For people that use bitcoin mixers to mix their bitcoins, is it possible that somebody may actaully end up with stolen bitcoins? So in this case, using a bitcoin mixer could be far worse. For example if these stolen bitcoins are being tracked, then is it possible legit users using a mixing service, could end up with stolen bitcoins? If so, is there any way to prevent this or to find out if you have received stolen coins?

More than 50,000 U.S. merchants already accept bitcoin, and you may soon fall behind your competitors if you don’t have a plan for dealing with cryptocurrencies.
Over the short term, it means getting educated about the technology and adapting some business processes. Over the long term, it offers increased simplicity, greater efficiency and lower costs.

I am exploring blockhain technologies for about 3 months now. So there are a lot of things I don't understand very good yet. These are all my opinions and solutions for problems I present might have been found already.

As I have seen these past months blockhain technology shows huge potential but there are still a lot of improvements needed in this technology.

One of the problems is network fees. All or at least majority of videos/presentations of Bitcoin are offering us zero or very low fees. As the Bitcoins price and number of transactions raised significantly these fees became pretty high.1 They are not like impossible high so the Bitcoin isn't affected by this too much. And for big transactions these fees are still very small. Let's say there is 3$ fee worth of BTC, if you are sending 1 BTC the fee is still nothing -> less then 0,15% (BTC price = 2700$). As I have seen there are some ideas of solving these high fees 2 but these solutions doesn't seem to satisfy whole community so some problems with this may occur.

I see two major problems of ''high'' fees.
1. It is not good for advertisement of Bitcoin and what happens is a big doubt of new users and users which operate with low amounts of bitcoins.
2. Second problem is using bitcoins for everyday use. You just can't buy 2$ thing in shop and pay 5$ for it (2$+3$ fee).
Because these two reasons I think bitcoin is far from currency which we could use for everyday and would suit everyone, from poor regions to most developed countries.

So to get to the topic:
Physical bitcoin.
Physical bitcoin would completely solve this fee problem, as you don't transfer bitcoins/satoshis from one address to another, but instead you transfer the ownership of this address from one person to another. This would increase bitcoins usage a lot, at least I think so.
Physical bitcoin should contain public key and private key. Public key must be there so you can verify balance on this coin. Private key must be hidden and you could only see public key once - and with you seeing private key, coin would become worthless. So when someone ''opens'' (check private key) coin you should clearly see it is worthless, it must be like broken or something. 3
If we get safe and practical physical bitcoins this solves few problems. I will present some advantages and disadvantages of using physical bitcoin.

Disadvantages:
1. Safety - I have come across some ''stickers'' which are considered safe. It is possible to check if someone tried to use private key 4. It bothers me what happens if someone peel of the sticker and save private key, then he apply new sticker which looks exactly the same on the outside. So the coin have completely same look on the outside. He can sell/ pass it over and he has private key. I haven't researched a lot about this, so please tell me more about this if you know
2. Centralisation - there must be complete trust to manufacturer of the physical bitcoins. He can save private keys, make ''empty'' coins and probably other things he could do to scam you.
3. Bitcoin price - You have let's say physical bitcoin worth 0,01BTC. In the moment you spend it you must check it's price, this means there must be internet connection at the spot you are spending this bitcoin. This is not really big problem nowadays in my opinion, but it is a problem. Actually only the person who is accepting this coin must know the price of bitcoin.
4. Return of change - You buy stuff worth 15$ and your physical bitcoin is worth 23,52$, so how can we make this work? Today there is still big dominance by FIAT currencies. So they can't just be canceled today. And I think we could use them very good in solving problem of returning the change. You would just simply return him FIAT currency. It would be also possible to return physical bitcoin + FIAT money. You buy thing for 15$, pay it with 23,52$ worth of BTC they can return you 8,52$ or you get back 6,52 worth of BTC and 2$.
5. Legal problems - If people would start using bitcoins a lot more, governments/banks would definitely interfere in it with some regulations, prohibitions etc. I think good concept of physical bitcoin would raise it's use a lot. So we can only imagine what would/will happen.
6. Hand to hand - You can't send physical bitcoin over the internet. The people involved in transaction must be at the same place. Of course this is not really a problem, as you can just get private key and send BTC to your digital wallet.

Advantages:
1. No fees - Only fee it would be paid would be in the process of making physical bitcoin and when you would send BTC from the physical bitcoin. And both of these fees can be at minimum, because there is no need to hurry. When you are spending physical bitcoin there is no fee required. The only fee could be from the person who receive bitcoins as payments. 5
2. Simplicity - It would finally become simple for old grandpa or grandma to use Bitcoin. No wallet, no computer, no explaining, no electricity...
3. No need to understand everything - We don't understand all the things we use everyday (how computers work, how internet works, how cars work...) but we still use them with no concerns. So it should become same with Bitcoin, we just need to make thing so simple that anyone can use without understanding it. And physical bitcoin is a big step towards this goal.
4. Good advertisement - If anyone can use BTC as payment method with ease it is very good for Bitcoin.
5. Interest - You can start to explain about Bitcoin, blockchain with something to show. Now only people who can use computer are able to operate with bitcoins. If you have something to hold anyone can start from there. This would in my opinion raise interest in blockchain technology a lot.
6. Secure - If coins would be safe (disadvantage n.1) this would be really safe currency to use. It would actually be backed with blockchain technology which we know is impossible to break, for now.

So what are your thought about physical bitcoin? Is this the future of Bitcoin?

1 Can someone post link where you could see average fees in BTC per byte over the time.
2 I don't understand technology behind this solutions yet, so I can't comment on that and predict it's effectiveness.
3 This is the idea I have about physical bitcoins, please correct me if I am wrong.
4 Is this information correct?
5 The person receiving coins can set fee. Example: Paying with bitcoins increase price for 3%. This fees are mostly set because of volatility of bitcoin, which should decrease over time so these fees will get smaller and smaller, until 0.

Please correct me, add disadvantages/advantages, answer, explain...

P.S. I don't want worthless spam in this topic. So I will delete posts which won't be constructive and make topic hard to read. This first post will probably get edited!

when bitcoin prices are drops, I think we better talk more about the positive value of bitcoin. do not think about the value of bitcoin today, because thinking about it will only make us panic and confused. enough G20 make us calm.

So, now. we are talking about the benefits of bitcoin if bitcoin managed well.

what do you think if bitcoin is managed well by a country?

think about it if you were a miner, and have learnt that you can charge XXX for transaction why would you be happy to again charge just one X?
It is certain the more popular coins will increase costs to catch up with bitcoin, as opposed to bitcoin lowering .
Developers are already being pressured to behave in ways that I dare not repeat.

The popularity of bitcoin has now grown so rapidly that almost everyone in different countries recognizes and utilizes bitcoin either as a business asset or as a means of payment transactions.
And as we know so far the bitcoin legality is still a consideration for governments in various countries.

Looking at that fact is it possible bitcoin will be the currency of a country?
And can bitcoin change the country's economy for the better?

I am trying to learn and share with u guys about bitcoin. I think it is gonna help someone like me.

"Research produced by the University of Cambridge estimates that in 2017, there were 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin"

one more interesting knowledge is :
"The word bitcoin first occurred and was defined in the white paper that was published on 31 October 2008. It is a compound of the words bit and coin".
( The white paper frequently uses the shorter coin).

so guys you can also share good and short info about bitcoin.

I was wondering, if you had an opportunity to sell your stuff alike cars, pc, homethings and etc., would you sell it for bitcoin (or maybe other altcoin)? The main question is to see, are you ready trade stuff for cryptocurrencies and how do you imagine it?

I was wondering, if you had an opportunity to sell your stuff alike cars, pc, homethings and etc., would you sell it for bitcoin (or maybe other altcoin)? The main question is to see, are you ready trade stuff for cryptocurrencies and how do you imagine it?