I do not believe that among the homeless you will be able to find good programmers. Homeless is not social status is a way of life. The main number of them have chosen this way of life and do not want to change anything.
In some cases this is true, although some homless people ended this way because of some tragic circumstances. Anyway, I don't think this is very good idea and I beleive the majority of homless are not able or don't have the possibility to use these paper wallets properly. So, if you want to help them use more traditional methods. |
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That doesn't surprise me very much, India was one of the first countries, I mean her citizens, who begun to use Bitcoin. The problem was lot of scam connected to India and that gave them bad reputation. Still the question is how is this realy going to function in practice regarding the existing problems.
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If you want your Bitcoin transactions to be performed punctual and fast you will not use low fees anymore. Many users object that but higher fees are reality now otherwise you risk your transactions will take a very long time or even not to be confirmed at all.
So, basicly what will happen it's your own decision, you take the responsibility.
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The source If anyone is interested to read more: http://www.cnbc.com/2017/06/26/barclays-bitcoin-regulators-fca.html
I sadly don't believe that the banking system will ever adopt bitcoin, If they start doing so, It would be for a particular reason they hide (most likely to eventually control bitcoin). The maximum that could happen right now is making bitcoin legal in some countries. Actualy I think this is very likely. Banks are all about profit and tgp saw the big opportunity to earn with Bitcoins. Maybe they will not go with this in public and publicly they will keep their attitude against Bitcoin but secretly they will test it and implement it for their.own profit, that wouldn't surprise me. |
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What kind of idea is this, shuting down the internet? Whe are not in North Korea. You have forgotten that many governments also depend on Internet too and without this the colapse will happen in many areas and functioning would be seriously threaten. Give up thie childish ideas and get serious.
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You obviously haven't explored all the possibilities and ways of functioning before introducing the Bitcoin acceptance at first place, not to eksperiment. You had to be aware of all risks and how to cope with them and then decide what to do. Now if you abandon Bitcoin payments you will only disapoint your customers whose motive to visit your store was that you accept Bitcoins. No one has said that running a business is easy.
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For Bitcoin to become a part of GDP in some countries it should be formaly recognized and regulated and official part of economic system. At the moment this is still not very likely so we can forget about Bitcoin beeing calculated for GDP. But still we can't deny that is has the influence direct or indirect, the only problem is that it stays somwhere in grey or even black area of the economy.
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What is the reason for such dramatic and panic announcement I can't understand. You should know by now that volatility and fluctuation of price are normal and price corrections happen from time to time. You can always earn and you can always lose, that is how things are going with Bitcoin.
If you are not ready for that you shouldn't cope with Bitcoins at first place.
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I don't think nowdays realy exists the intention to deliberately ruin and destroy Bitcoin. Such intentions were much more present at the begininig. Now many have realised that Bitcoin is inevitable and that it's much better to accept it and make money on it than trying to destroy it. Even those who still act open against Bitcoin, like banks, secretly are performing totaly different.
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No one can't guarantee that any Bitcoin owner will become millionare. I know that is the reason for many to have Bitcoins but let's be realistic, this is just a,dream. For some it might come true but for majority not. But if you are smart investor you can make decent profit and have use of your coins. But no one becomes.millionare over night, just like that. Unless you win the lottery.
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You're about 6 years too late with your idea. Physical Bitcoins have existed since 2011. See the Collectibles section. True, and I don't think it will ever exist again. I think digital currencies should stay digital and there is no need for them to exist in physical form, paper or some else. We are about to become completely digital society so why to complicate more. I don't need paper Bitcoins, what would be the sense? |
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This is something that European union has tried and partialy successeded, to use one currency for all member states. And still there are problems so I don't think it's possible for entire world to use only one currency. Many countries consider currency as part of their sovereignity and something that economy is dependent on so it's hard to abandone that.
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The price of Bitcoin is partialy determined with the ratio of supply and demand and trading is often done through exchangers so they are monitoring and updating the price. But the value varies from one exchanger to another and it's good to monitor few of them if you want the information about price movement.
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This is just a phase, nothing permanent. We had already some longer periods of so called stability of Bitcoin but this never lasted very long. And all this pressure about 1 August, although nothing might happen like so many times before could also influence the price that could start to change very soon.
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You can arrange the same procedure like with any other property, make the last will, lawers don't have to necessary be involved. You can put the private keys in and the provision that only your nieces and nephews can access it. But before that make sure that they are well educated and informed about Bitcoin so they would know what to do with it.
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Bankers can not influence the situation with bitcoin. Bankers can take an unlimited amount of Fiat money, but to have access to bitcoin they can't. Besides who wants to borrow in bitcoins if the price can rise to it. Such a loan can result in bankruptcy.
this is really complicated to differentiate between bitcoin and bankers. I think both have a different aspect, bankers are basically involved in the traditional banking and bitcoin is involved with the virtual area, but in the future, bankers also will deal with bitcoin. Yea, bankers will have to deal with bitcoin in the future but bankers can not change the situation in bitcoins. Bitcoin is anonymous while banks is not, both of them has a different aspect concerning about the volatility in both areas. Neither bitcoins or banks are anonymous, banks will require lots of information before they even allow you to even open an account, in bitcoin this is not the case but every single transaction is there for everyone to see, in the other hand banks only allow yourself and the authorities to see your transactions. But the bitcoin will need the bank to make a gate for the fiat to get into the bitcoin. I think all of the bitcoin users are need bank to do that. The verification of your id to prevent the money laundering and criminalities. Every bank around the world will do that. i don't think that bitcoin need the bank because if there are any bank for bitcoin, then i am sure the bank will need us to fill our personal information and its not the main purpose from bitcoin. i think if the bank can integrate with bitcoin then it maybe would be good to see that when we are trying to exchange from bitcoin into fiat, we don't need to waiting too long and the amount of money can directly receive in our bank account. Bank is not the only one that asks about personal information. What about exchangers, you have to give your data and still everyone uses them. I think is not the main point of Bitcoin bank like it's not centralization. I think Bitcoin bank could move Bitcoin related services to another level without bad influence on Bitcoin. |
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Some countries still have wrong opinion about the Bitcoin, they think it's crrated for illegal activities and that can be dangerous for their citizens or economy. So they think they could do something with bans or similar. But this is very wrong and doesn't lead to improvement. We should work on education on raising awareness about positive impacts of Bitcoin.
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In this rather uncertain period that will soon follow a kind of chaos can appear and the price will be fluctuating but generaly the price will go up after period so if you hsvz some funds invest it now. Watch closely the market, there will be some funds and pumps meanwhile so use the opportunity when it will appear.
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Maybe this comparisons with heaven or hell are a bit exaggerated but yes, Bitcoin gives as a whole variety of opportunities and it's up to us how we are going to use this. Some are in Bitcoin because they look only money, some because they are enthusiasts and some because they don't want to have do anything with banks and traditional finances.
No matter what is your motive, just stick to Bitcoin it will be rewarded.
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Yeah, this is basic priniciple but it's not always easy as it seems. In the last period when the price went down for a few days it was the good opportunity to buy an with selling now you could earn some. You have to watch constantly the exchangers, follow the statistics and know when to make the right decision without too much emotions.
Trading isn't easy job where you can make money over night.
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