I trust bitcoin because I trust maths.
Can you elaborate more on what you have said? I know bitcoin exist because of 1s and 0s, But its more than that to make you trust Bitcoin. Even though it has numbers on it, it does not make me trust something. For example I don't trust any mining site as they still don't have any proof of such a company exist. But I trust Bitcoin not only because of its price but also because of its acceptance from big businesses. |
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In the near future, predicting that humanity refuses to cash. And it already means that all financial transactions will take place in a digital format.
If the digital format it does not say anything. It can be the same money is not just cash in your pocket, but with the help of bank cards can pay for all services or purchase. A currency will remain the same. Going digital has its flaws such as stealing would be easier and cyber crime will increase. I am not against digital currency but there will be more crime when that happened. I can see that their will be a lot of phising sites in which people will try to get all your money for the benefit of themeselves. It can also promote some crimes like transfer of money from kidnappers and drug dealers. |
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I think you are searching any sites for investment. I suggest you, and it is better for you, If you know very well about any sites than you can do investment in this site, otherwise better is that only hold your bitcoins into your wallet, it is more than better to give your amount to an strange site and also on risk.
That is a practical thing, we should see the examples of real world where we don't spend the money on something that we know is not good for us, so we should do that with our bitcoins as well, we should not invest them somewhere we don't feel safe investing and instead of that we should just keep them. Staying away from gambling sites will benefit not only you but also the people who trued to invest in it. As when you join into one the money being paid to you are the bitcoin of the new members which is a kind of stealing in which you don't know. Also the probability of not getting your money back are really high as this sites have no record to support they are a legal company. |
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I think not, in the coming decades or more. Also, since bitcoin has already been available on many storage or node, the only way for bitcoin to fully disappear is to wipe off its data in existence which is highly improbable. As for the user base, it could be decreased too, however I think it wouldn't be possible for the user base to disappear abruptly.
Yes i agree with the fact that bitcoin is still growing and already its becoming more and more popular and is on the progress and stores in developed countries started accpeting bitcoins and in the future its adoption across the world would increase even more.So for many years i dont see this happen. Yes bitcoin is increasing so it is possible for the time being will not disappear. But if bitcoin left behind and did not develop it would be able to make it decline and disappear. So the bottom line for bitcoin is constantly evolving and changing, bitcoin will continue to exist. Bitcoin as a currency won't disappear, but the worst that could happen is that it's price decrease tremendously making it practically worthless. Unlike other novelty items such as comics and luxury watches which increase through time , butcoin can't guarantee its success as we don't really know how it will move in the crypto market. But I hope to be positive about that. |
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Customer would love to pay with bitcoin because they could simply scan the. Qr code and pay the bill instantly that would a wise use of bitcoin and that would reduce the burden of transaction fees and other factors. It would also promote and popularize bitcoin without any extra money and also it will introduce new technology to the world.
Yes the reason and biggest advantage in the low transaction fee that people should use it and save alot of time,effort and money by using bitcoins.Best thing it doent matter where you wanna send,even in other countries its same for all with instant transfers and few minutes just for confirmation. My guess are for this to work multiple phones are required for the business to operate efficiently, why? Because if they only use only one phone the BTC on the waiting list to be confirmed would pile up as Bitcoin is not received by the address instantly instead you must need to wait for 3 or more confirmation so that it reflacts into your account. It is an effective way to avoid confusion on who is the customer sending money to you. |
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Actually the answer is very obvious, and the answer is a big YES.
It worth for me because with bitcoin I can transact easily and faster online, and that fact that bitcoin is called also as an asset, I can do trading with other altcoins as well, in addition, I love to gamble and only in bitcoin that I feel the convenience gambling in different online casinos and sports books without complying with a lot of requirement.
Bro I can't argue with you but what you have just posted is practically all the uses of Bitcoin, I can see that we have the same point of view about it. But what I am skeptical about is having faster transactions with Bitcoin, because my recent experience about that is kind of longer than that, I usually receive my btc at around 45 mins to 1 hour and 30 mins after the blockchain link appear which means it is not fast. |
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When a customer purchases or does anything with bitcoins, he/she would have a track of it. All transactions can be monitored at any point. It helps save more money as well. No third party's involvement. If more bitcoins are used, then many merchants would start accepting it. Its very comfortable for them as they no need to go to bank for any other transaction they make. There are many other good reasons why customers use bitcoins.
That is the benefit but there is no assurance also that you can monitor or trace the real identity of the transacting party, other payment processor require their clients to fill up all the required information as they are also required to comply with the KYC policy to avoid money laundering. The problem is even if you know the address you are sending is you can't really associate it with him/her not unless they officially stated that they owned it. It can lead to a lot of confusion when that happened also making it hard for the transparency to happen. Suppose that a coffee shop accepts Bitcoin and all of the customers pay using bitcoin. The shop won't receive it instantly and it will be waiting for confirmation on all of them so that the tracking of all who paid is actually harder than you thought it would be. |
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I have seen a related post for this year (2016). So I guess my answer will be the same as bitcoin will be unpredictable and it really depends on the people on how the price will shape up. Bitcoin is not a company where we can based our assumption on its price it is just a currency we can't control on how the demand will be. It will be up to us and how the demand if it will be greater in 2017 or not.
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Hello! Good day to you guys! I have a question and its about the siblings of bitcoin because i have really notice that satoshi is one of his siblings i think. but still i am not really 100% sure that's why i'm asking you this question "Does bitcoin have any siblings?" i am just new in this bitcoin thing and i want to find some siblings in bitcoin before bitcoin wasn't created and who's the first in the internet as a payment?
Satoshi is not another kind of currency that is related to Bitcoin, as it is only one kind of currency. Think of Satoshi as a Cent to a dollar. It is a decimal worth of Bitcoin in which you can own Bitcoin not only by whole numbers but also in decimal value, because even the decimal value is greater than other currencies. Also satoshi is meant to look like that way because of faucets, in which they give low amount of bitcoin at the same time look attractive to claimers. |
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While bitcoin has been dubbed as the worst investment for last year, many enthusiasts still believe that the cryptocurrency can surpass fiat currencies as the main mode of payment around the world. Its scarcity and the use of the blockchain are its defining features but it could also be it source of weakness. Can bitcoin really replace the U.S. dollar or other currencies at some point?Fiat currencies draw their value from being backed by assets or by central banks. In contrast, bitcoin draws its value from scarcity in that there are only a limited number available in circulation or from mining operations. Bitcoin is not dependent on any change in value of underlying assets, such as gold or silver, but is backed by the basic market principles of supply and demand.Bitcoin vs. Fiat
In addition, there is no monetary authority that restricts or boosts the number of bitcoin available, unlike fiat currencies whose levels can be controlled by central banks. There is lower uncertainty associated to this, as bitcoin can’t be used to control inflation or economic growth.The decentralized nature of bitcoin is seen as its main advantage over typical currencies. Bitcoin holders can have full control over their finances, with encryption and automation technologies being enhanced these days. However, it is also this decentralized nature that makes bitcoin prone to security threats and hacking incidents, which have resulted to the loss of funds and the shutdown of some exchanges worldwide.Using bitcoin can transform the global payments arena into an open-source one, which means that its increased adoption can also drive up its value. More and more online merchants and large companies are opening up to the idea of accepting bitcoin payments while clients are also enjoying better transparency, lower costs, and quicker transactions on these.
Its the first time a member here claims that Bitcoin is the worst investment from last year. I doubt it as there won't be any people right now trading if that statement was true. Also a price like Bitcoin that also changes a lot of time makes the investor have the opportunity to buy low and sell high. Also there is a control on Bitcoin the fact that 21,000,000 Bitcoin can only be regulated in the world is a kind of control. |
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I don't usually wait for the confirmation. What I do first when I am receiving money is checking the link of the blockchain if the wallet address is the right address that is sending Bitcoin to me. It is also similar when I am sending money to provide proof that I have sent the Bitcoin that is needed to the said address. Well I am doing that to provide transparency to both sides in case of a confusion happen.
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With my experience from exchanges I got to realize fees I don't know. A lot of them are hidden fees or fees I have not read across in their charges. That is how they make their money from fees they charged you everytime you use their services, of course it is needed for the site to be fully operational daily. My advise for you bro if that continues to happen withdraw your bitcoin from the exchange and read the chrage and fees section for your to understand.
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It's so funny I thought this place would be filled with smart people. You guys cannot even understand the context in a thread.
I was asking if somebody generated a BTC address, checked the BTC network, saw it already had BTC in it, then took it, if that is illegal. I am pretty certain it isn't. If you say it is and a BTC developer heard you I'm sure he'd give you a great big slap.
First of all, what are you talking about here is not possible. You can't just generate an address that already has a Bitcoin in it, because you can't generate the same address twice. If you say it is and a BTC developer heard you I'm sure he'd give you a great big slap. Are you serious right now? Your knowledge of Bitcoin is obviously very small. It's is 100% possible two people can get generate the same address but it is really really REALLY unlikely. Please don't talk about things you know nothing about to begin with. So if something like that happens suppose you create an address and it automatically has bitcoins in it then that wont be considered stealing as they came to you mistakenly or because of a bug, the concept of stealing is probably taking something from somewhere willingly, so basically you are wrong by considering it stealing. Bro isn't that kind of a weird thing to imagine of. If you created an already existing address it means you duplicated it. The Bitcoin that the address will be receiving won't be doubled as the both of you will only have one account. It is also like stealing as you prevented the real person who will receive it to have that btc in his own privacy. Of course you are only imagining things that are out of the possibility. |
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For me there ain't better among the two. It is important that we save money and it is also good that we invest our money so that it will grow. Invest only if we got so many extra money but if not, it is better to save money first before investing in anything since if you don't have enough money, it ain't good to invest since there's always a risk of losing your money in an investment.
If you are in need, and you are really willing to earn more money, it's better to risk as long as you have knowledge on where you are investing your money.. If you are working and have a regular income you could do a better plan between investing and saving... It's all depends upon your mind set, if you are conservative, then just save your money, but if you are into money making, invest your money...  That'st the way to do it, you need to risk in order to grow your money fast, for me that is what you called you have upgraded yourself into the next level of making money and that is a matured move for a person who wishes to have a wonderful future because of bitcoin. Bro you can't invest anything if you did not save anything. Also if you don't save money there will be no more money left for you to spend anything at all. It really depends on you on whether you want your money to work for you or not. As Saving money will only give you a little amount of interest if you decide to put it in a bank. While Imvesting if did right you can be rich with it. |
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Yes it is a private property as if you use it, automatically it will be deducted in your wallet and it will be impossible to double spend that kind of amount. Also the security,pin ,codes protecting your wallets means that you own it and you are trying to protect it. Also when you die it is impossible to be use that is if you did not give your codes before dying.
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If CIA is behind a cashless world then the Criminals will be gone in a day. As tracking them would be possible and all wallets are controlled by the government. There won't be anymore freedom on where you spend your money as it will be monitored everywhere. Even creating a new wallet address must be screened by the government. But I don't think that is possible as it is a violation of privacy.
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If you are a player that does gambling then definitely yes. But i think if your the owner of those gambling site or casino then it is not a high risk investment as we all know everyone gambles and many of us gets addicted to it. That is why i think that thefe are many gambling sites showing up right now because they think it is the most profitable of earning money.
I think you got a lot of it wrong. Gamblers play because of entertainment and the thrill of having quick money but it will never be considered as a high risk investment. But maybe owning a gambling site may be worth the risk as we really don't know if the games are really fair when they say they are. But too be safe we must never spend all of our bitcoins in a gambling site. |
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Preseason is over guys, I am now excited to see the formal opening of the regular season this October 25, 2016. Based on what I see, only the Dallas Mavericks out of the legitimate team in the west are not showing up, I hope they will in the regular season or if not, it will only proven that Dirk is too old and needs to retire, Warriors are the same team or a little better, they will dominate the west I guess.
Well pre-season games are often took as a practice game in which the coaches are testing various combination of line ups. I mean its not the Mavs fault as they added a lot of new faces in their team. Also it gives them a chance to have a feel in the team's chemistry. And I would not focus on winning pre-season games that much as coaches don't want to injure their players early on before the regular season even start. |
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I don't know why your wallet charge you with something. But my wallet never charged me anything from sending or receiving bitcoin. Also the tax maybe from transactions are because of Value-added Tax in which the government applies tax to all products/businesses/services. Well it depends on your country if they enact a law about VAT.
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Investing is now better because with investing right now you can make good profits in the future of the bitcoin.
It has a great future a head and will come to a higher amount too.
We should be positive on that as the future is really good for bitcoin and for us who have put our investment here, we should not fear of losing our investment just trust and put the amount that you can afford to lose, it is better than gambling for sure, so if we can afford to gamble why not invest for greater chances. Be positive and invest, that is the right action to do for now. Saving is good but investing is better, we need to invest in bitcoin for now and sacrifice other investment opportunity if we only have limited funds as for sure our money will earn big profits once the success of massive adoption will take place in the future. Why would they only need to stick at investing bitcoin, when bitcoin is not the best investment available. I would recommend Investing of course but not for Bitcoin investment. As Bitcoin is very volatile and a good investment must have a stable growth. Stock Investing is much better as you can buy a diverse options of companies in the market and you can choose the best company there. |
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