I watched a Youtube video last night about the food merchants in some of the markets in Wuhan <China> and I noticed that most of them are using electronic payment methods to pay for goods. < Wechat Pay > Ok, it is not Bitcoin, but if more merchants using Fiat currency can switch over to Bitcoin, you might see less infections. The reason for this is simple, because the Corona virus can be transmitted from person to person via cash being used on a daily basis. People can also do online payments with Bitcoin to avoid handling physical cash and thus avoiding infection. It can also prevent people from being infected from a host of other viruses and bacteria that can survive for days on physical coins and notes. This is just one more reason for people to move away from physical payment methods and shifting to a cash-less financial system in the future.  I don't really think that the coronavirus is transmitted via touching paper money,coins or anything else. It's transmitted via air and moisture.Even if its was transmitted via touching paper money,you can see that people all over China are using gloves now.Switching from fiat money to digital money will lead to more people using Wechat Pay(like you mentioned) because it's more convenient than BTC.Very few merhcants and buyers might switch to Bitcoin or any other altcoin. |
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Bitcoins Dominance Percent seemingly is going down. Any thoughts or comments are more than welcome.
I can say that 2020 will be very much like 2017 for the crypto world.In a bullish trend,the bitcoin market cap goes down and the altcoin market cap goes up.This is pretty normal,we've seen it before.The crypto traders are optimistic about the future,so they are buying more risk,by buying more altcoins,hoping for bigger profit margins.This isn't "bitcoin dominance",because bitcoin isn't competing with the altcoins(despite what everyone says).It's more like a symbiotic relationship,rather than a competition. |
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Hello! What's your opinion could BTC kill banking system? Bitcoin has an advantage over fiatbecause its amount is limited and it can't fall under inflation.Inflation usually is caused by monetary policies of our central banks. Bitcoin is free from inflation, governement control and high transaction fees.Banks can’t control BTC because it has no representative and is fully decentralized. That's why banks are afraid of BTC.
BTC can't kill the banking system,because the banking system could simply adopt it. Inflation isn't so bad.It can help for further economic growth.Having money with decreasing value motivates all the people and businesses to work harder and make more money.If the value of all money was constantly going up,all the people would simply wait and hold their money,instead of spending them. I don't think the banks are afraid of BTC.Anyway,this topic has been discussed 1000 times on the forum. There's no point of asking the same questions again and again. |
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Those sites are trying to profit from any hot headline, especially Bitcoin and Coronavirus.
Assuming the news is correct, how many farms have been closed, one, two, ten? Does it make a difference?
China is going through an emergency and even the farms that were closed because of the virus, but this does not mean that it has been closed forever, it will return to work again. The vacation in China will end today, the closure may last for another week, but the major companies are operating normally with no delay.
In short, the news to attract views.
That's right and I think that we are focused way too much on this "how corona virus will affect bitcoin and mining?" topic.People are dying from the virus and the only thing we care about is the impact of the virus over Bitcoin.This is ridiculous.Bitcoin is doing just fine.There's no need to spread panic and trust some probably fake news.Even if the mines are shutdown,this won't last forever. |
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Hello Everyone, As we all knew about Bitcoin upcoming event that is Bitcoin Halving, Which is schedule near around MAY,2020. Due to this news you can see that Bitcoin is continuously climbing everyday and todays BTC market is open above 10k USD. This is clearly mentioning bull run in BTC which is always welcoming by all crypto lover. In this time we have to think about what we need to do with our altcoins which is crushing daily basis. Here is my thought about altcoins to be patient and wait for the right time, don't need to panic, I belie that we will be see perfect time to get out from alt market. And for those who are in Bitcoin i advised them to stay away and wait for more dip. What is your suggestion please comment. Why are you so sure that the altcoins will crash after the Bitcoin halving? Usually altcoin prices tend to follow the Bitcoin price movements,so a BTC price pump after the halving might lead to altcoin price pumps."Be patient and wait for the right time" is not an actual advise,because you don't know when the right time will come.Can you backup your advise with some technical and fundamental analysis? |
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Its hard question for answering why Satoshi Nakamoto remains secretly. a hard question which few people in the whole world may know the Answers,
But What if the scenario is Bitcoin designed to control people economically where few people know how to control it and the system lets people benefit from it with false indications on price (Demand and supply), It will be Easily to control people when all people in the world will be involved in Bitcoin What are your Arguments? If you are too afraid that Bitcoin "will control you" just don't use it.  You are not obligated by the law to use it. You are legally obligated to use fiat money,which means that the banking system controls you,by having control over the value of "your" fiat money(which aren't exactly yours). I think that Satoshi got disappointed by all the emerging altcoins and crypto exchange platforms.All this stuff made the crypto economy look like "casino capitalism". That's why he left. |
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Banks! That's all we've known as "the only option". Ask someone how you can send money to someone and the response will be "use the bank!". I'm not a fan of banks,but no,they are NOT the "only option".We have paypal,a bunch of paypal clones,western union,etc. * Using banks for transactions, you must connect to be the bank first. In other words, there’s no way you can send or receive money without the bank approving it. This also means that if the bank goes offline, your money is as good as offline too.
* There's also a daily/monthly limit in transferring/receiving money if it is connected to the bank. This means you can't make certain transactions (if the amount to transact is above the daily/monthly limit).
* In fact, I still remember when I heard a relative of mine saying that it's not easy to send money from one country to another (even countries in the same region). Sometimes, you may send this money and eventually, the bank network issues comes up to frustrate your plan. Do you really think that the Average Joe cares about those issues? People tend to stick with what is already known(even if it's more expensive and not so convenient),and what they are familiar with.If you were using a bank for 20 years,would you switch to using bitcoin in one day.You will have to learn some technical terms,create a wallet,ask your friends and relatives to create BTC wallets(so you could send them coins) and learn more about bitcoin.It's not that easy. |
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The salary for being a blockchain developer is still high since there are still a few percentage of programmers with blockchain developer as their title. And with this becoming more in-demand as we progress through decentralized systems, we can expect further growth in the field.
That's right.It's just a labor market deficit.As more and more new blockchain developers enter the field,their salary will go down.Anyway,this is old news from last year.The blockchain hype can only go up,as the bitcoin price is on a bull run again.I'm curious what type of blockchain developers are more in demand?Bitcoin Core or Ethereum,because there are some differences between those two blockchains,AFAIK. |
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Seemingly this Corona Virus has put the Free World and its associated markets into shambles. From Dropping the Dow Jones over 500 points on Friday to now seemingly China "panic printing" money in the nice sum of 1.2 Trillion Yuan. Needless to say the real questions lie in "What Next"? "What's really going on"? "How will this effect everything"? "Are we in trouble"? As usual any thoughts and comments are more than welcome.
If China is really printing money,they would most likely keep that a secret.Nobody wants big inflation in China right now.By the way,the People's Bank of China has big reserves or dollars,US government bonds and gold. Those reserves can cover the value of newly printed Yuans.There's no need to spread panic.Everything is under control in Asia.The corona virus will slowly fade away with the upcoming spring. |
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I wonder how the US government get a hold of these coins. They said these coins are siezed in criminal offenses, but these criminals could easily wipe any private keys to prevent the US govt. of ever gettting them.
On a side note, this might be one of the reasons of another pump in the market to $10,000. It might spark some demand and buzz over bitcoin, but it won't be directly affecting the market through buy orders because it's a private separate transaction from the market.
Don't underestimate FBI.They aren't that stupid.Probably the coins were moved into wallets owned by FBI months ago.Anyway,I don't think that such small auction can pump the bitcoin price.The authorities are doing a wrong move,by selling the bitcoins now.They just have to wait for BTC to hit the new ATH after the halving and then sell the coins. |
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I won't trust "blockchain donation programs". Who guarantees that the cryptocoins will reach the people and hospitals,that really need help?This might turn into another exit scam.Anyone,who wants to donate funds will have to send them to the Chinese government,I don't like the Chinese government and the Chinese communist party,but we will have to trust them in this case.
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Since the end of World War II, the United States has been at the forefront of embracing emerging technology. This position has given the country a strategic advantage in dictating how technology is adopted and setting the basic standards for its use. However, as we enter the new decade, the U.S. is at risk of losing its place as the leading innovator to Asia, impacting our technological future significantly..... READ THE COMPLETE ARTICLE VIA THE LINK BELOW.. https://worldpublicityblog.com/index.php/2020/02/06/u-s-losing-grip-on-the-blockchain-industry/Thinking about this or that country having superiority in high technology industries is kinda stupid. Many US corporations have invested billions of dollars in Asia during the last few decades. Asian corporations were copying or directly stealing US patents,now they have gained enough capital and knowledge to invest and create their own high tech innovations and patents. Anyway,the United States will remain a tech leader in the next decades,because all the smart geeks worldwide want to go to work in USA,rather than China or some other Asian country. |
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The simple fact that your friend was trading big amounts with a "female" raises some reg flags.
Women aren't familiar with crypto trading and I've never seen a woman to trade cryptocurrencies.
Probably the scammer is just pretending to be a woman,because men would trust a woman more compared with dealing with another man.
However,it would be nice if you share more info about that scam.
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Justin Sin gifted Buffet with BTC and tron?So he basically tried to bribe Warren Buffet. So this paid dinner was a way for Sin to pitch that TRON altcoin.I thought that he is going to talk about Bitcoin to Warren Buffet(and nothing else).That sneaky little Chinsese guy. I'm pretty sure this isn't going to end well and Buffet won't buy TRON or BTC,which might be good for the crypto world after all.We don't need more billionaires to turn into crypto whales and dictate the cryptocurrency prices. |
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I'm not an expert,but AFAIK,even if all the miners located in China stop working,this will decrease mining difficulty and the rest of the miners around the world will successfully handle all the BTC transactions.The blockchain is decentralized,if sertain parts of the system have to shutdown,the rest of the system will carry on.
That's why we aren't dependent of the Chinese miners.
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This guy says nothing new.Just the same old statements about the regulatory clerks going to fight money laundering,terrorism and financial crimes(they are losing the fight so far) and all private crypto related businesses that are obliged to support that fight against crime,by providing all sensitive information of their customers.He isn't talking about new regulations.The crypto businesses that refuse to follow the rules will be punished.I don't find anything wrong with that.
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From a marketing perspective,it's pointless to promote a product to an audience that isn't interested in the product.Video editing has nothing to do with cryptocurrency wallets,like Exodus.
Un-listing his old videos means that he(or the new owner) loses a lot of organic traffic coming to his old videos.Maybe this guy's Google/Youtube account is hacked,or he really sold his account to some really dumb scammers.Dislike all the Exodus scam videos published by this channel,post in the video comments revealing this scam and report the videos to Youtube.There's nothing else we can do.
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Bitcoin usage among merchants goes up because the bitcoin price goes up,so the merchants want to get more bitcoins,before the BTC price hits the moon.Sneaky little rats.... At the same time,nobody wants to purchase stuff using bitcoin,because we are in a bull trend and the price might be at 12K USD next week.Damn it,let's just face the fact that Bitcoin will never going to be massively used for retail purchases.The number of merchants accepting bitcoin payments doesn't matter.  |
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As a company,Tesla still isn't profitable,their cars are still too expensive(even with tax breaks) and Tesla's Gigafactory(their battery factory) isn't completed yet,AFAIK.With that being sad,I think that Tesla stocks are in the middle of a price bubble,I can't understand all the hype around Tesla,despite all the "not-so-good" results this company has.Their stocks really look like an altcoin now and the price crash will be inevitable. |
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I've curious lately to know about "Transaction Finality" on the Bitcoin blockchain. Even after being years on the crypto space, there are a lot of things related to Bitcoin's technical aspects which I'm not aware of. I'd like to know how many confirmations does a transaction need to be considered as "final" on the Bitcoin blockchain? This is important, because if Bitcoin lacks transaction finality, then a few forks here and there could alter the history of your transactions across the Blockchain. Ethereum has been deeply concerned about "Transaction Finality" which is why the dev team has come up with Casper PoS + Sharding consensus to prevent this. Does this mean that transactions on a PoW blockchain are not final at all? I'm sort of confused with this, and I'd like someone to help me clarify about this matter. Any help would be greatly appreciated. Thanks in advance.  "A few forks here and there."Haha,that's funny. Can you explain in detail how a few forks can alter our transaction history?You admit that you are not an expert in Bitcoin's technical aspects,but you question the security of the blockchain and you come up with this weird "transaction finality" concept. I'm not a blockchain guru or expert,but I have my own childish and oversimplified concept about how the blockchain works. Old transactions get confirmed again and again every time a new transaction happens.The new transactions get confirmed again and again,every time a newer transaction happens.That's why we call it block chain.It's like a chain. |
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