" From security, to management of the money supply (per blockchain technology’s embedded capabilities to support tokens, aka cryptocurrencies, aka digital currencies, aka (possibly in the future) currencies), to lower transaction and administrative costs, to all other benefits of the blockchain-cryptocurrency technology combination being embedded within, and therefore, inherent to, a given central bank and its financial ecosystem (including the given money supply, currency specifics, commerce, and so on) - a blockchain-based central bank can essentially run circles around its partially-technology-based counterparts.'" source: https://www.quora.com/Can-blockchain-replace-the-role-of-a-central-bank--------------------------------------------------------------------------------------------------------------------------- Based on my understanding about this debate, blockchain could support replace banks if the Government will allowed it to function as a central banks. Blockchain could surpass the expectation of the Government when it comes on processing transactions and securing funds of the nation, hacking is possible but for me it is more better to use than what central banks could offered to the government from day 1 up to now. All of the cryptocurrency uses blockchain as their skeletal framework that supports the data of every ledger that is being stored and process in it, replacing the central bank by this means a very wide chance that the Government could have to change the economy's future all over the world. |
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stupidity is so close to poverty, do you agree with such a phrase? if it yes, means the poor are the fools. I want to know your opinion.  I strongly disagree. There have been lots of cases where people have proven your statement wrong. I'm sure you've heard the common story of dirt poor individuals who become rich entrepreneurs through perseverance, hard work, and even a bit of luck. It is just ignorant to say that poor people are stupid. What OP means about "stupidity" are those people who are barking without any knowledge about the certain topic or situation, like in bitcoin, there are so many people who are judging it based on what they hear and read on the social medias even though they don't know what is going on, they are blowing the torch out of their stupidity. Though I get what you meant, those people that you were saying are those people who lives in the street, they are not stupid, they are uneducated and there is a difference. Stupid people could be those people who have degrees yet stupid and loud while uneducated people are those who have big hearts that appreciates every little things and persevering people, no wonder some of them are now billionaires. |
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I think negative interest rates will affect crypto currencies positively because as countries give negative interest, people will keep their money away from countries. No investor will let own money melt. Moreover, crypto currencies are safer than banks and countries, and they cannot be traced. Considering these facts, I'm almost certain that negative interest rates will positively affect bitcoin and crypto currencies
In short, these negative interest rates that OP were saying will stay as long as the Government are badmouthing it to the public, but it doesn't affect the bitcoin price at all, only the adaptation is at risk in this case, the slow bitcoin adaptation, the more bearish market we are going to have in the future. We will not move forward until we overcome the huge wall in front of us (the Government) unless they will finally destroy that wall to let us pass through. |
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I think crimes involving cryptocurrency will continue to grow in the future, just imagine that 1% of the global population use cryptocurrency and as of the moment crimes involving cost billions of dollars already how much more if half of the global population already involved.
I agree. especially if the cashless society would become a reality in the future, the crimes involving wiht cryptocurrency will just grow even more in a rapid way since cryptocurrecny will be the one we are all going to use, criminals will don't have any other choice to supply their illegal activities but to use cryptocurrency. To deter these crimes users and the government should cooperate for countermeasures.
They can't, imagine we are all using cryptocurrencies as fiat, and most of us are using it on illegal activities, it would be a hassle to the Government solving all that rather than solving a more worthy problem of a certain country, also countermeasures won't make any change unless they are going to take back fiat for a second option of payment method, so that we will not focus only on one currency. |
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I think cryptocurrency will not threaten the government. Of the many cryptocurrency on the market, the only potential that is used as a means of payment is bitcoin but because of the small total supply, it is difficult to use bitcoin as a transaction tool. So I think our transaction will still use fiat money even though it will be digital
Not threaten but what the governments wants is control. A currency which the government control and dominates. The cant do this with bitcoin because no one owns it. In fiat, they can produce as many as the government want,but not in crypto which they do not own. Yes they are, now they are starting to see bitcoin as an advantage for the economy to move forward, but there are still some countries who have bitterness against bitcoin. They wanted to control the blockchain because they feel so small for not having a control with it, you know, Government always wants power, but not with bitcoin. Taxation is another issue here which gives government an income, but they slowly can regulate this through licenses.
Taxation means no harm to us, without taxation, there would be no community for us. The taxation makes the economy more luxurious and gorgeous than ever. The more taxes we pay, the more funds of the Government could use on providing shelter and services to us, it is for our own benefits also, though there are corrupt politicians who are stealing money from their own people. |
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A lot of people are in debt, so consider yourself lucky if you have any savings I guess. and some people wonder why consumer spending is way down and many companies are going out of business. We are more productive then ever but the wealth inequality keeps getting stronger.
Most of the people that have debts stays in debt because they are paying their debts by debts, thati is the reason too why they can't make any savings. They are spending more than they earn, the worst case scenario for them is living on the streets asking for money because they are always being a happy-go-lucky individual who is an epicurean. In the end, they will blame it all to the Government. They will start saying claptraps like the Government are not doing anything for the lack in job oppotunities, as a result, the Government will start to have debts also on other countries because their citizens are all selfish idiots. |
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* s n i p s * Before you invest, you must need to know the coins and I suggest you to choose a top coins that listed on the biggest market like coinmarketcap this will help you to get benefits and also you need to have a large capital because the more you invest the more profits you will get if you choose the best coins. You need to make first an investment planning to be ready for what possible happens.
Good point, you mean those coins that have a potential value in the market. Well if you want to invest and make some profit at the same time maybe you can invest in crypto and while you are investing here you can also have some business like lending service, so that you'll be able to earn because in investing in crypto is good for long term investment and it needs extremely patient not to become a weak hand. Same thought, you've just repeated what he said, nothing more. Investing inside crypto needs to have a good emotional control, knowing your limitations and allowing yourself to explore every possible strategy
to be use. Don't hesitate making any entry and find yourself dealing with fate with much higher positive approach.
Things will be very interesting finding the right projects to invest your money and other possible ways to keep your assets to grow.
A lot of main important things should be considered first before investing, wherever you want to, but since we are talking about cryptocurrency, then let be the crpytocurreny the subject. Investing in cryptocurrency is not like any other investments out there, why, because cryptocurrency is wilder than you thought, its big fluctuations will make you go crazy as you are losing your profits. However, you could prevent that to happen if: - You will have your personal financial strategy ( by thinking how much capital you are willing to risk to achieve the profits you really want based on your financial status) - Know your limit (on how much risk you could take) - ]Don't stick on just one strategy, explore (this will give you more profits) - Don't put all the eggs in one basket ( always make a back up plan) |
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It's unlikely that people will move to bitcoin during the economic crisis! Gold and other precious metals like Silver or platinum is becoming their obvious choice. If you see the price chart of gold for last 6 months, the trend will be visible to you! You can refer the link below, https://goldprice.org/gold-price-chart.htmlNow let me prove my statement when I say that bitcoin will not be the obvious choice during the economic slowdown. The reason is very simple! During an economic slowdown, a person would want to look for another investment asset to safeguard their capital. That person probably wouldn't look for profits but to ensure that his capital is not depreciating. This kind of people would want some investment asset which is less volatile and have a proved track record. Simply put, Bitcoin doesn't fit that criteria! The prices of Golds and other precious metals that you mentioned is also depreciating, but not as much as bitcoin have because of its volatility. It is true that people don't want to go that far risking their capital on something they are not even sure of, and that is investing in bitcoin or other cryptocurrencies, but, going for Bitcoin instead of Gold is much superior, bold, and risky decision that they could ever made but securely going to give them a lot of profits in the long run. Nonetheless, there is a 40:60 chances that they will choose bitcoin, you can't risk what you all have if your daily needs is on the line. |
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This is true, the inflation of fiat as a currency causing the market to become more expensive, the products will increase their respective price depends on the supply and demand, while cryptocurrency doesn't even care about this inflation thingy, on the contrary, bitcoin overpowered fiat because of that. I can't imagine why people are not waking up from their delusions that fiat is more better than bitcoin and other cryptocurrencies.
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"Never count the chicks when it's still eggs" this is what I always reminding to myself. Whenever I have an investment and if I know that it's doing great, I will estimate the amount of profits that I could get in a certain amount of time, which is why I always expect something good, and it is the reason why I feel so disappointed if things will not turn out well, and I stopped that kind of mannerism that I have.
Instead of getting too much excited, I wait patiently for the outcome, I'm not expecting anything good or bad, and it helps me a lot mentally.
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What makes us a good investor is when we are brave enough to take a risk because investing with bitcoin or any cryptos nowadays really need bravery. But of course taking a risk should not work alone you need to have a critical thinking to decide if that altcoin you invest in is worth.
What makes us really a good investor is we invested our time, money, and efforts to something that will surely lead us to a brighter future, and it is bitcoin. Investing in stocks or shares have only small returns, it is only good for long runs, unlike bitcoin, you could earn profits in short term and long term, relying on how much risks we are willing to take in the process. Investing in cryptocurrencies is also securing your future. Being decentralized, have secured transactions, fast transactions, makes cryptocurrency shines more than stocks, gold itself. |
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True story,
In 2017 I was running my bitcoin blog; one of the first blogs created in the space, when someone contacted me from an official BitcoinTalk.org. They asked for 5 BTCs to post a banner ad on BT. Seeing that the email was coming from an official BT address, I sent them 5 BTCs.
Two weeks later after not hearing from anyone, I received a message from BitcoinTalk.org saying their email was hacked and the ad offer was from a scammer.
5 Bitcoins today = $40,000 USD. I really miss it. I wish BitcoinTalk.org would at least say sorry.
This ain't true story if you can't justify your statement, 5 bitcoins in 2017 = $100,000 and too expensive for a single banner, this story is so exaggerated for me. The other question that came in my mind is how come that the certain email (that has been hacked) as you were saying knows that you have a lot of bitcoins sleeping in your wallet, this is so odd. Please support your story with proofs and evidence, like what others want you to do to prove if this story of yours is true and not just a hoax. |
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bitcoin will not end, but bitcoin will still be able to survive and will rise again because the price of bitcoin is fluctuating and will continue to change, so we must be patient and keep thinking positively.
Bitcoin does have an end, all of the cryptocurrencies do, but Bitcoin is too far from being over. These bearish market is overpowering us in order for us to panic and sell our coins in a very cheap price, compare if you are going to hold it for a little bit longer and wait for the bull run again that will help this market to skyrocket again. I think it would be impossible for bitcoin to have an end because bitcoin is still trying to increase it's price again up to $20,000 just like last year of 2017. A lot of people do really say that bitcoin has an end, but i think it has a less chance for bitcoin to come to an end because a lot of people still buys bitcoin than any other cryptocurrencies, that is why bitcoin is still increasing it's price. It's hard to believe but we all do have an end, nothing is permanent in this world except for changes. Bitcoin's existence for the past 10 years made us believe that it could go on forever, I'm afraid not, just like any other cryptocurrency, it will fade and will be burned someday, not now, but someday. I am not discouraging you guys, it may sounds absurd and pure assumption though it is based only on my observation and opinion. Think about this simple analogy, our technology keeps on evolving every single day because of the discovery of man, someday there will be a coin or whatever that may trounce bitcoin. |
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I don't think money is entirely political. It started off as a technical solution - an abstraction of value from things themselves to things (coins) that represent value, all based on an understanding that everyone would agree that the coins represented a certain amount of value. Of course this is simplifying it, because coins were made of silver etc that already had an agreed value, but I think the basic point holds.
Banks are under the Government, the government is the one who make the call on what to do about the fiat that is being printed when it is needed. For me money is entirely political because they are the ones who is controlling it, they are using the banks to make it compact and well organized while citizens are using it on their everyday lives that keeps the economy moving, just my opinion, you don't have to believe it. |
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What is wrong in spending Bitcoin? If you have expenses or utility bills to take care of, then I don't think that it will be a bad idea to cashout some of your coins. Once you are in a better position financially, you can buy back these coins. Now it is very easy to purchase and sell your coins, with so many exchanges and peer to peer platforms around.
Chill guys, it looks like OP was just trolling. It's kinda triggery what OP said but here is my explanation for that. Earnings bitcoins and not spending it will just make you insane to the crowds, tomorrow is never always promise, we can' bring bitcoins we have and other altcoins to our death, it will just go to nothing, resting on our hardware wallets and our love ones are trying to open it but they can't. My rule is, I work hard to earn bitcoin, I shop hard after I turned my bitcoin into fiat, we just gotta live the life to the fullest, that is the reason why we are earning money since the first day. |
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KYC become your big mistake if using on bad exchange market website or your joining on bad airdrop but submit your KYC data, if you use for big and good exchange like binance to increase your limit withdrawal is fine for using your KYC data, but when you found airdrop and sumbit KYC with lower reward its your big mistake.
Even big exchanges like binance, I would still not submit any personal information of mine, KYC is still KYC, I don't trust other people no matter how much billions they have on their wallet when it comes to my identity. The reasons why we don't trust someone that easy is because: * We don't know them* We know themWhat scares me the most is that they are rich people, they have many underlings that serves to them, you won't know where they are really going to use their customers data by submitting KYC, you could call me paranoid, but I only trust myself. |
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One of the most important feature of cryptocurrency is its being irreversible. One the coin is sent, the only way for it to be back to the sender is if the receiver will do the same thing in reverse. Now, in cases of hacks, scams and frauds, it means that you better forget what you already lost as there is no way for you to recover the lost coins. In other words, once you click the send button there is no turning back. I know that a lot of us are actually considering this a major advantage of Bitcoin or any cryptocurrency for that matter because unlike PayPal there can be no refund requests to happen. Therefore when you are a victim of a theft, expect no one to be able to help you in recovering the coins. As one author said it, the bitcoin genie cannot be put back into the blockchain bottle. I am wondering, can we not devise an effective and special technology that can be utilize in case of hacks or frauds? Given the advances of cryptocurrency and the blockchain we are experiencing right now, is it even possible? Bitcoin does not have a central authority that control its activities and it is an advantage and disadvantage to a bitcoin users in case coins are being hacked from user's desktop or mobile wallet, only way to get them back is to find hacker and take that coins from him, but it is too impossible.There is one simple way to reduce huge hacks on centralized exchanges to a bare minimum and that is, the use of combination of phone number, email address, authentication app and other security features for alerts and verification when withdrawals are initiated. This should be an extra security measure and optional. Finding hackers is really impossible, they disappear together with your coins or funds from your wallet, it is impossible to locate where and how did they get your money. Irreversible is a disadvantage for using bitcoin but it is created to be like that. Being responsible and sensitive to the information of your wallet will prevent this things from happening, using strong passwords and using hardware wallet will also help. It is a hopeless case scenario, even though you find the hacker (not in person), in this forum for example, you find who amongst us here hacked your accounts and stole your funds, but there is no guarantee that he will send it back to you, especially if it is a big catch, he will choose to be red tag than to send back to you the coins he stole. The other thing that I don't like cryptocurrency if you accidentally send you bitcoin into a Ethereum wallet and etc. and it is all gone. But this teaches us to be responsible and don't make fast decisions. |
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I have no idea what is the difference and would be glad to find out this as well, i have heard only about mininig but it is too expensive now which means that it is not effective to use this method if only you aren't a rich man
Mining is the process where transactions of cryptocurrency also known as blocks are being added in the blockchain, and there is an award of a certain bitcoin number per blocked, that is how you earn bitcoins or other cryptocurrency in Mining. Staking comes after mining, when you are holding a coin, you could validate new transactions depends on how many coins you are holding. The more altcoins or bitcoin that a miner have, the more mining power he have, according to what I've read. |
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From my last post about Bitcoin investment, following the valuable contributions of members of the forum, I learnt that Bitcoin investment is not just something that blossoms in a few days, rather it takes patience.
That gave rise to my new topic.
Bitcoin isn't just an investment, but it is the future...
Let's all share our thoughts about this, in order to encourage ourselves and build a stronger community of users.
Bitcoin has always been the future of money ever since it was officially introduced to the world. But looking at the bitcoin ecosystem now, Bitcoin is currently more of an investment entity rather than a digital money. From the way things are going, bitcoin might be an investment coin for a long time. It is better than investing in stocks, properties, or shares in a company, let's just say bitcoin could really go for a very long run, the more years pass by, the more profits we are getting as the price of bitcoin is continuing to make All time High every year in the future (hope so). It is risky at some point since we can't predict what might happen in the future, I mean there would be only 21,000,000 bitcoin that will going to circulate in the market, that means bitcoin's price volatility is our biggest enemy here, anything could go wrong anytime because I am sure bitcoin's price would be here forever, time will come that bitcoin's price would be back to zero again, and that is scary because we might still do hodling and we didn't know that the market will just keep on falling. |
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So you want to get your hands on some totally free bitcoin, eh? In contrast to individuals's knowledge, getting bitcoin is easy, there are a variety of methods to earn bitcoin online- some extra popular than the others here are several of the most famous ways to earn money with bitcoin  https://youtu.be/yyYTaZUoMUIMining is not a way to earn free bitcoins, because before you could start in mining, you'll need a bitcoin mining hardware (high ends) are recommended if you want a smooth mining process, and it is very expensive, but a good investment for a passive source of income. Second, bitcoin faucets gives you free bitcoin, but you are just wasting your time claiming few satoshis that only cost few cents. You might want to do other things that will help you to earn a decent amount of bitcoin and not just rely on those things in the youtube video except from mining. |
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