Is it possible to combine these two things into one thing? It would be interesting to see that.
No, Bitcoin was created with the purpose to kill central banks, banks and its swift system. A wire transfer takes forever and it can be stopped by the intermediary or the governement. With Bitcoin and Monero you can transfer any amount of money from point A to point B with no restrictions or regulations whatsoever. That in just a few seconds even on SUNDAYS while banks are closed. Banks will charge you an insane amount of money for fees or overdraft interest. While the Bitcoin network charge you only a couple of cents for a ridiculous amount. Bitcoin is the key for freedom |
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I know what you are feeling and I don't want to be the destroyer of your dreams but here is the reality.
Imagine that Motorola - the first company which manufactured a truly wireless communication device in 1983, designed its production system so that it can produce only 10.000 mobile phones a year. Now, does that mean these phones would have been more scarce every single day because the population is almost required to increase its demand? And would that mean the price of Motorola phones will rise to $10.000.000? No. Why? Because people will simply associate and produce their own wireless communication devices, as these devices are just chips, resistors, transistors, capacitors, inductors, and diodes joined together the right way. And it s not only Motorola that is capable to put electronic components together.
In the same sense, bitcoin is just numbers associated to addresses that are transferred through the network from one address to another via some protocol. And it is not only Satoshi Nakamoto who is capable to design such paying system. This system is not Michelangelo's Pietà or Leonardo da Vinci's Mona Lisa. It is just numbers, addresses, database, and protocols. Everybody is capable to create that. So, no rational reason exists for bitcoin to cost 10.000.000 dollars. There is no reason for people to enter into fast, transparent and cheap payment system for $10,000.000, or even $10, if they can enter it for $0.001(altcoins) or if they can associate and design their own crypto payment system.
Bitcoin is simply a mega-bubble that diminished your ability to think rationally. Bitcoin can only go down to the price of an average coin. Just like Motorola's phones have the price of an average phone.
Another fudster in the thread. You cant compare Bitcoins with phones. It is a very stupid analogy. Bitcoin is unique, rare, scarce (limited in supply), unhackable, sensorship resistance and cannot be conterfeited Phones cant work as money There are about 2000 altcoins and none of them have the trust and the capabilities of Bitcoin. Bitcoin is 11 years old and people still dumping 1 year old "new" shitcoins to buy bitcoin. If you think that a centralized shitcoin could beat Bitcoin..........well, that is far from happening. Almost impossible. I achieved my dreams already, so you are not hurting my feelings. I am very sorry if you are a nocoiner. |
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Banks will just disappear as Bitcoin strength grows.
People create earn value in their companies, services and jobs. Therefore, they will store that value in the best store of
value available which is Bitcoin.
The people who are not dumping fiat for bitcoin yet, is because they don't understand it yet.
It is just a matter of time before Bitcoin becomes the most valuable asset in the earth surface.
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Guys....ask people around you about bitcoin. How many of them know about it? How many of them own it?
We are in the very early stages of Bitcoin adoption and trading.
Price have going up insanely with just a small percentage of the world population using it.
Can you imagine what would be the buying power of one full bitcoin once 60% or 70% of the population HAVE to use it after the banking system and fiat currencies goes to zero???
There are only about 13 million bitcoin in circulation for 5 billion people.......just think about it. You have to be insanely stupid to think that bitcoin is going to zero or will stay sideways forever.
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I have no doubt that Bitcoin has this potential to be a 10 Million USD priced coin, but I am sure it won't happen. Because powerful countries won't let this happen easily, they will try to control the crypto market harder and even I don't want to see Bitcoin at 10M USD, 100K USD will be more than expected! If bitcoin starts growing like heavily, the world will recognize it and maybe they will endorse this great technology, but they will make stop it if the price cross 50-100K USD!
Your theory is valid, BUT they did not wait for the price to get to the USD 10 million level to try to "stop" price and network growth. They are trying so hard to do it since Bitcoin was $50 dollars....and you know what?  THEY HAVE FAILED. That is why they are so desperate using the mainstream media and paid fudsters in all forums telling people all sorts of lies like Bitcoin is a scam, a ponzi scheme, is going to zero, and a bubble over and over and over again. Banks, governments and wealthy individuals are losing the war against bitcoin. They know what is coming |
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While you guys are debating, I sent a transaction to myself for only 2 cents, and the value of the whole transaction was only a couple hundred dollars.
It's usable for now, but it was never designed for the typical coffee transaction.
Actually it was designed to include micotransactions. https://cointelegraph.com/news/could-bitcoin-solve-the-problem-of-ad-blockingDue to Bitcoin’s low transactional fees, it would be ideal for microtransaction payments for viewing sites on the internet.
There are multiple startups in the cryptocurrency community who are looking to see widespread implementation. Due to the self-imposed limits on the bitcoin blocksize and blockspeed, the microtransaction utility of bitcoin was lost to high transaction fees. Bitcoin Devs took it upon themselves to destroy bitcoin's ability to process micro-transactions affordably so they could force the community on to the 3rd party offchain network know as Lightning Network, where middle men again rule the system and satoshi dreams destroyed. The reason , your fee was only 2 cents and went through , is because currently almost no one is using it. The minute people actually start using it even a little, blocks fill up and fees skyrocket. IE: https://arstechnica.com/tech-policy/2017/12/bitcoin-fees-are-skyrocketing/Bitcoin network has struggled to process more than four transactions per second.
The cost to complete a Bitcoin transaction has skyrocketed in recent days.
A week ago, it cost around $6 on average to get a transaction accepted by the Bitcoin network.
The average fee soared to $26 on Friday and was still almost $20 on Sunday.
Bitcoin transaction fees are only affordable, if no one hardly ever uses it. Send Greg Maxwell, a big thank you for fucking up bitcoin micro-transactions utility.  FYI: https://www.blockchain.com/explorer?view=btc_averagefeeCurrent average fee is 89 cents. Also segwit activated on August 24, 2017. As you can see their were skyrocketing fees only a few months later. Segwit fixed Nothing as far as real onchain scaling goes. Bitcoin was designed to work as a blackhole. It is about to "swallow" the whole financial system as we know it. Bankers, central bankers , fudsters like khaos 77, Jamie Dimon, Donald trump, petter Schiff and Xi jing pin will have to use Bitcoin after all fiat become worthless. 44,000 bitcoins were moved on sunday for only 0.33 cents fee. |
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Hello traders. 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.
I love this topic. There is no way that central banks and banks could survive to Bitcoin. By the time people will only use Bitcoin and the current system will disappear like blockbuster. |
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Pardon me if i am not making sense, last bullrun bitcoin faced a issue and that is transaction costs, which surge up as well but if bitcoin did manage to hit 10m per coin how much will cost to send that? The problem of bitcoin is its transaction fee honestly
"IF". Bitcoin will not hard fork to change the rules, risk a chain-split, risk dividing the community again, simply because of some people's assumptions. That's true, I am wondering what would be the level of desperation from banks left in the system, governments and fudsters once Bitcoin reach 10 millions per coin. People will just don't use the current system anymore and only use Bitcoin. |
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I can't believe bitcoin will hit the $ 10 million mark for every Bitcoin. If that happens, the dollar must have terrible inflation. Look at the fact that Bitcoin does not bring much technology achievements and only 1mb of capacity for 1bitcoin. So Bitcoin has no application value beyond payment. Currently, I only want Bitcoin to surpass $ 20,000 in the next 3 years.
You would have said the same when it fell from 30 to 2 dollars. It hit $20,000 a couple of years later BIG DIFFERENCE between those events... Virtually no one knew about the bitcoin mania back then, the whole world knows about Bitcoin now, and its still headed down. The Bitcoin bubble is popping, and Bitcoin is going down to its intrinsic value of near zero. All pyramid schemes, manias and bubbles pop. The only thing that gives Bitcoin value is what some greater fool will pay for it. Hard Facts Please screenshot or save all of this stupidity for later. We will post.these comments in a few months. These animals will have to come back to the forum with a different name |
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I can't believe bitcoin will hit the $ 10 million mark for every Bitcoin. If that happens, the dollar must have terrible inflation. Look at the fact that Bitcoin does not bring much technology achievements and only 1mb of capacity for 1bitcoin. So Bitcoin has no application value beyond payment. Currently, I only want Bitcoin to surpass $ 20,000 in the next 3 years.
You would have said the same when it fell from 30 to 2 dollars. It hit $20,000 a couple of years later |
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A recent analysis from CoinMetrics hints that over 1,500,000 Bitcoins could permanently be out of the total circulation. While BTC’s active supply should currently be over 18 million, the quantity fell short.
Notably, on October 19 this year, 18 million BTC officially entered circulation, which happened at block 600,000. At this time, the community began cheering up as it highlighted “the end of the inflation process for Bitcoin.” However, things aren’t as they appear. The supply reportedly fell short which brought on a sense of fear, where are these lost coins going?Source link for the news hereI honestly don't know what you guys are thinking about this one. Do you actually agree that Bitcoin's circulating supply is not 18 million? Do you guys believe that these 1,500,000 BTCs are actually lost? I know that some of you may have different reactions to this one. I would love hearing out your thoughts and opinions about this one guys. Thanks in advance. it its waaayy less than that, there are a lot of folks accumulating and not selling never. |
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WOW, what an educated, knowledgeable guy that can defend his position. Seriously, would ANYONE invest with, or even listen to a person that talks like that ? These kind of people should make everyone question their investments, and who they listen to. Hard Facts Go away you are trying to only spread uncertainty on the forum. Maybe you are a banker or some paid basher by the government or you just lost money trading Bitcoin. There is no point to be posting in a forum of something that you think is worthless. Bitcoin will make you sound stupid in the long run, so don't waste your time |
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patroncito is a fag, as it is all he thinks about.
Hard facts and Khaos are officially warning people not to fall for the retarded lies spread by the idiot knows as patroncito.
Here , Fixed that for You!  I know who you are, and I have had the sweet company of your wife everytime you are out.....ask her. Nobody believes you anyways. Everyone here knows the great potential bitcoin have and that there are a lot of nonsend idiots like you and hard facts who like to talk down Bitcoin. Oh by the way, she found a dildo in your closet. |
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Hard facts and khaos are the official clowns on this thread. Anyways, Bitcoin have had this type of faggy bashers all the way up where it is right now.
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Bitcoin is designed to be more scarce every single day while the population is almost required to increase its demand. Why? Because people will have to sell their failed fiduciary currencies per Bitcoin. The current financial system failed already and people will realize that Bitcoin is the only system to reset everything. Governments will try to create their centralized cryptocurrencies that will fail like the fiat due to hacks and the fact that people will prefer to use Bitcoin. Bitcoin is a blackhole that is swallowing every single fiat bill. 10 million dollars per coin is probably too conservative. People who dont own Bitcoin now will have to own in it later. Those who are acummulating BTC right now will be the richest people in the world. Bitcoin should hit that price in the next 10 years and there is nothing that could stop it.
i agree that government can't stop bitcoin as long as there is a miner in someplace in the world transaction will continue in my opinion bitcoin or blockchain is the new technology the country that will not adopt new technology will be left behind Yes, once you understand what bitcoin actually is you realize that it is an unstoppable blackhole that's is swallowing every single penny in the earth surface. |
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Many people believe that the banks are never there when you need them - that's why we need Bitcoin. This idea became a subject of discussion when a Twitter user, by the name Nassim Nicholas Taleb, decided to express his frustration on the social media platform. Taleb’s tweet was in response to an original message on Twitter that was posted by news outfit, The Daily Star Lebanon. This tweet quoted a top banking official who stated that banking operations in Lebanon will resume fully when the ongoing crisis in the nation ends. This leaves bank users frustrated, one of which is Taleb, hence his venting on Twitter. https://www.youtube.com/watch?v=8yG14MKsKMcTaleb’s reply attracted a lot of attention, leading to a discussion where several other Twitter users voiced their opinions in the comparison between banks and Bitcoin. Many of the opinions simply explained the deficiencies in the banking sector that Bitcoin has come to solve. Some of them are listed below. Accessibility ProblemsBanks in many parts of the world are open only on weekdays. Even though internet banking and other electronic banking systems now make it possible to access some services outside these periods. With Bitcoin, there is no day or night, neither is there weekends or public holidays. Transactions happen round the clock and across the globe. Here is what the responder had to say; https://twitter.com/TheSafestSpace/status/1187470765366493190Faulty Lending SystemsAnother user faulted the lending systems of banks and identified it as one of the problems that Bitcoin is going to fix. This is in support of the point that banks are never there when you need them - that's why we need Bitcoin. He responded with a popular quote by Bob Hope; “A bank is a place that will lend you money if you can prove that you don't need it.” The lending system by banks is faulted by many. Just like the quote above, before you are able to access loan facilities from most banks, you must produce a collateral with a higher value than the funds needed. Apart from that, the rigorous checks and research ahead of loan issuance could last for some weeks or even months in some cases. Today, there are Bitcoin lending platforms where you can access loans instantly. Infrastructural deficiencyAnother user highlighted the problems encountered with bank’s ATMs: https://twitter.com/SirLordStacks/status/1187470363208208384These are the kind of problems that you will not have when making transactions using BItcoin and cryptocurrencies. For many people, especially those who are already familiar with using Bitcoin or other kinds of cryptocurrencies, such limitations can be really frustrating. ConclusionPrior to this, the problem that most people have had when using Bitcoin and cryptocurrency is the problem of accessibility. This used to be a unique problem especially for first timers who are yet to purchase their first Bitcoin. Recently, this barrier has become a thing of the past with platforms like Vertex.Market that have simplified the entry point for Bitcoin users, and those of other cryptocurrencies. On the Vertex platform you can easily buy Bitcoin and other cryptocurrencies using one of their 25 payment options. It is a peer-to-peer platform and the transactions are quick and straightforward, with Bitcoin or cryptocurrencies deposited directly into your wallet. The flexibility and efficiency that Bitcoin offers is a major reason why those who make comparisons insist that banks are never there when you need them - that's why we need Bitcoin. However, several other benefits exist, such as security, cross-border efficiency, elimination of trust and transparency. https://medium.com/@official_83664/banks-are-never-there-when-you-need-them-thats-why-we-need-bitcoin-c4fb792f616aBitcoin is in the process of killing them. People will switch their wealth to Bitcoin. Its just a matter of time |
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The PETRO in Venezuela is FAILING already and people prefer to use bitcoin instead.
As usual , you just keep pulling stupid ideas out of your ass that have no basis to what is really happening. https://apnews.com/271053e63ca0434b8bc2cc399d6faea7“No one can put up with this. We spend almost all day without electricity,” said Karina Camacho, a 56-year-old housewife who was about to buy a chicken when electronic payment machines stopped working. “There’s been no water since (last) Monday, you can’t call by phone, we can’t pay with cards or even eat.” No Power, No Internet , No Bitcoin Dufus.In Venezuela , you are better off owning a Goat than Bitcoin. At least you can milk the Goat when the power is off.  Again...what is your purpose? If Bitcoin is useless for you WTF are you doing here? BITCOIN is better than fiat, gold, silver and crypto issued by goverments. fags like khaos will eat from the trash once all of his fiat becomes worthless and banks disappear. |
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Bitcoin is backed by a secure network, math, energy and cryptography you 'nonsense facts'
A centralized government crypto'will fail just after its creation. You don't even know how bitcoin works. CLOWN
A secure network means NOTHING in itself, if something useless is stored on it. I could put " Hard Facts Coin " on a secure network, and it would still be worth zero. I could make " hard facts coin " based on math, and it is still worth zero. People waste a LOT of energy and time on things that are worth nothing. Wasting energy on useless math does not create value, it is a waste. I could make my " hard facts coin " use the entire output of a nuclear plant to create, and it would still be worth ZERO. An INFINITE number of crypto currencies could use Cryptography, math, energy, block-chain, and secure networks, that does not give them all any value. I know exactly how bitcoin works, I know how bubbles and manias work also !!!! The sad fact for you is that you do not know how MONEY works 🤣🤣🤣🤣 Zero backing makes bitcoin just like fiat, but worse... Fiat is bad, and always goes to zero, At least fiat is backed by a country, bitcoin has zero backing. Hard Facts Bitcoin is backed by a lot of things. So, yor you Gold is the only form of money? Gold can be counterfeit and is not divisible. A car dealership wont accept you 1 kilo of gold for an SUV. On the other hand there are a lot of dealerships getting bitcoin for cars. |
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