|
And bitcoin is seen as easier to deal in than gold. Easier to buy and easier to sell.
More volatility in bitcoin which is what traders like.
We all know that Gold and other precious metals shoukd be part of any portfolio.
I think Gold will rise as will bitcoin and they have that common usage of "store of value"
|
|
|
|
When something highly disruptive as blockchain applied to economy starts to grow exponentially and attracts the most brilliant brains from around the world, the second step is attracting big money to build up new things.
Which are the newest and most important trends and stuff that will came alive when institutons and big money will enter in the cryptospace?
Will be only a speculative journey or do we will be able to change the way we live on this planet for better?
We all know blockchain technologies are contributing to the 4th industrial revolution Big business is alrwady investigating the tech, money is already being put in and the brilliant minds are working, it is already happening. Its happening now and there is a mixture of speculation and investing happening for both progressing individual wealth and for bettering society, as is human nature. |
|
|
|
|
This question the OP asks is supposing there are only two countries developing Blochchains,
and that there is an actual competition.
There are many many blochchain projects being developed by many many countries globally.
Ciuntries on the Asian, European and American continents are all working on projects some
may be duplicates but a lot may also be individually tailored to each country or region.
So what is this competition and what is the end goal the OP is talking about?
|
|
|
|
|
Its not a matter of can bitcoin replace FIAT its more the fact that no country
would adopt a decentralised currency that they would have no control over
and it having a limited supply.
Bitcoin will be used beside other forms of FIAT, as it does now.
|
|
|
|
|
Whether we need blockchain technology or not it is helping to shape the next
industrial revolution.
We all know there are many projects which are useless but there are some which
have viable projects. Blockchain technology will be used in the future and there
are big brand tech companies developing projects on Blockchains.
|
|
|
|
|
Redistribution of wealth? How exactly does that happen?
What bitcoin does is it offers people the option to control
or put their savings somewhere other than a traditional
financial institution.
For the people on the lowest rung of the ladder their only
concern is surviving from day to day, those people need
help to get to the second rung and its not from bitcoin.
|
|
|
|
Of course it will recover. Litecoin outperformed Bitcoin in 2017 and grew from around $10 to its ATH of close to $400. A thread recently points to the fact that Litecoin is still being adopted as is Bitcoin > https://bitcointalk.org/index.php?topic=5055510.0;topicseenIt is a solid coin with a lot of development and its cheap to spend |
|
|
|
This will be great for adoption and hints at a future where banks essentially regulate smooth digital transactions and keep them secure.
I disagree. we don't need centralization to enter this decentralized ecosystem for it to be adopted more. they will only introduce more restrictions and a lot of different fees on their customers who are using their services. and we are talking about services that we no longer need because of bitcoin! you must have heard the phase saying "be your own bank with bitcoin". that means you don't need a bank anymore so their attempts now are only in order to stay relevant and not be pushed aside entirely in the near future as the "adoption" is happening with or without them. I agree, we cannot forget why Bitcoin was created. We dont need banks to manage or store or get involved in our crypto, it will only introduce more regulation. We also gave to remember banks are in the business of making profit which means more from its customers using its services. |
|
|
|
BTC was done for that reason it was done afther 2008 economic crash so nothing ban i think ,maybe afther that most of countries would use it as a currency.
I think you are wrong, why would any country use a currency which they have no control over, a currency with a limited supply, a currency which a small percentage of the population owns it. In the event of an economic crisis its hard to know how bitcoin would react, would it suffer as bitcoin holders seek to liquidate into FIAT to pay bills etc.? or will it triumph as more people look to pour FIAT into it? |
|
|
|
|
Prediction is really the wrong word to use. There is one factor which cannot be predicted,
Human emotion! How we react singularly or individually when certain events are presented
to us is unknown.
|
|
|
|
|
Ok i get the idea of masternodes, running a node and being rewarded for doing so.
But wouldnt a very important aspect be the actual coin or project must be useful?
It seems to me that the usefullness of the coin is overlooked in favour of ROI.
|
|
|
|
This is very possible. The Blockchain technology is a revolutionary one with a lot of significance. As the people become more familiar with it, the adoption and utilization of the Blockchain and cryptocurrency will increase which will gradually lead the world to cashless.
Didn't you notice that even today, more and more people are trying to use cashless payments? And in the future, people will completely give up paper money, because the digital format is much more convenient. The world is going digital all on its own. It has nothing to do with crypto. We are heading towards a cashless society, its not by choice its because the capability is there, Tap and Go! Wages are mostly digital and bills and utilities can be paid easier by digital rather than cash. There is nowhere i know of locally which does not accept digital card payments. Its all digital payments, not crypto payments. |
|
|
|
|
I generally dont care what the likes of Dimon say about bitcoin, IMO there they go overboard
in their negativity about it that it just doesnt add up for me.
Either hes has lost a tonne of his investment or Bitcoin did something personal to him.
Anyway he did say something positive "Blockchain is real, it’s technology..." Ill take that
as positive eventhough we know its real and it is helping to shape the next industrial revolution.
|
|
|
|
|
Not for me thanks, im quite confident I can store my own coins in my own wallets.
Im not sure I like the idea of having banks 'control' my crypto. The idea behond it all
is that we dont need to entrust our finances to a third party.
|
|
|
|
Ok this is it, I am finally done with this piece and to commemorate the 10th anniversary of the Bitcoin Whitepaper I have added a note on the back which is varnished onto the acrylic Gold back. This when it dries will be extremely hard and resilient. One of the panels has my name and the year '18 textured in and the other panel has the Bitcoin symbol textured in.   |
|
|
|
|
I have to admit to sending newbies to the whitepaper but i agree with the points
Made to send them instead to Satoshi's posts.
I gave also come to realise over the last few days that the more important date
is the January the 3rd one as it celebrates when the genesis block was moned
and so bitcoin was truly born.
It is a feat to be able to explain so much in 8 pages, something most ICO'S could learn....
|
|
|
|
we all have observe the good news coning out for bitcoin for the last couple of months yet the price charts indicates the opposite.
i want to know what are your opinion about this despite the good news.
we all have different opinion, you might wanna share.
You are saying the charts indicate the opposite, i disagree. The charts are quite healthy hovering around the $6500 mark. If it was "opposite" they would be falling. Whatever good news comes out it only helps bitcoin stay at its current market state. You have to realise bitcoin wont and cannot constantly rise, it is not healthy nor sustainable It would be definitely a bubble. |
|
|
|
|
So a couple of hours to go and its happy birthday to the whitepaper,
What are your observations on the whitepaper in general?
A simple observation i made is that there are 8 references listed in the whitepaper.
This obviously means the Satoshi Nakamoto entity was well educated and well
read in the various elements combined to create bitcoin
So the 8 references are the primary ones it is safe to say there were many many
books and much much more research gone into the creation which throws up
more questions which will never be answered.
How much more material was researched in order to either contribute or to be
eliminated from the project?
How long did that research take?
|
|
|
|
|
The very first line in the bitcoin whitepaper reads: A purely peer-to-peer version
of electronic cash would allow online payments to be sent directly from one
party to another without going through a financial institution.
It still stands and can still be independently used from traditional financial systems.
I wouldnt fully agree that financial institutions are breathing life into bitcoin, not in
a major way. Its we the people as individuals who can still drive the project through
usage and adoption.
|
|
|
|
|
Show Posts
