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Bitcoin can't be regulated. They don't control the developers or its users. The blockchain is public information and cant be changed basically a ledger. No country in the world could regulate it.
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Thats not the goal the goal is to provide an alternative to we can have freedom of choice and i believe bitcoin succeeded in that
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You cant get security with a online wallet.. any provider could just walk away with the money
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I would expect a government controlled digital currency to remove "finality." The government will always want to be the final decision-maker on what transactions, between whoever, should be rescinded or reversed, both for the sake of laws it creates (good and bad) and for the sake of payments it doesn't want to make. That's what we already have. Just because it's digital doesn't mean it's better.
They have that in cash now though. It's infinite even though still subject to inflation and deflation. They aren't the final decision makers in Bitcoin. Bitcoin is decentralized. Yes you have countries making it illegal and trying to tax it. But it would take too much coverage all over the world for any government to be the decision maker within the crypto world. |
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It'll never replace gold. Gold is rare enough to mean something. But its an alternative. I don't think people would like to base their fiat money on Bitcoin though so gold will still be a backup to your money.
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Good topic for hackers to collect data about who and what is using! Be careful!
They would still need to guess the password and as long as people follow good guidelines then they'll not get much from this thread. In fact Bitcoin core, electrum and x exchange is the most popular for people. |
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My answer is no.It can't be hacked by the hackers until you share your password with someone or you use your password in many sites
Everything is hack able. In fact most peoples passwords are very easy to bruteforce let alone if they know a part of the password. Hacking into the encryption is near impossible but a password people tend to go with certain patterns and certain words. |
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A lot of people will bite off more than they can chew and then get inpatient and just take the loss because they need to money for rent etc.
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Whether it's desktop or laptop, the security is completely dependent on the users self interest on programming and exploring much about the different methods to improve the security. In specific different actions can be made to increase the security levels which needs complex solution generating source.
Thats true its the users habits which normally get them to download dodgy stuff. But i will that the new Microsoft 10 privacy updates are a concern and I would recommend linux before it anyday. |
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For something which required a computer to mine it years back its always going to be people who are tech savvy. Even though i think bitcoin is now open to a wider generation of people its still going to be branded as nerd money.
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Bitcoin has shown the world its power, popularity and demand. Bitcoin will likely grow more in the industry because big companies now are accepting as payment, I will not be shocked if bitcoin will raise to $10000 next year. Not too many big companies are accepting it. Microsoft isn't accepting it for most of their products. Amazon is rumored to be considering it but until the likes of these big companies do then we'll have to rely on bitcoin being traded between users and local trades |
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I would advise waiting until the fork happens which I think is on the 26th. Probably a good idea to invest after you know how that affected bitcoin
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Thanks for your response , so is the bitcoin electrum wallet safe enough? electrum is as safe as it ever was. the fork doesn't change that. recently they also added some additional code to detect splits in blockchain and choose the correct one. so you will always be on bitcoin chain. just remember to keep your computer clean and preferably move to cold storage to be more safe in general. Why only electrum? I keep my bitcoins on different e-wallets and also have not experienced any problems during the fork in August. I am sure that a fork in the autumn will be no exception. It seems to me that storing bitcoins in electronic wallets are much safer and had no problems with the forks. If you have a wallet on a exchange then that exchange might not support the fork you were hoping for and then you lose all your coins. where as if you had it yourself you can choose which fork to support yourself and have both copies |
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Mining may be less risk. But it still requires a big investment at the very start. If you want to invest small amounts and try to sell for higher and then buy again a little bit lower I think you would be better of especially if you dont have any knowledge on mining
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It will take over a 100 years for all bitcoins to be mined unless we have some groundbreaking miners. so I think we are all safe until then
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currently all alt coins are basically just copies of bitcoin if we had a alt coin which came out with news ideas and concepts then i think we would see a challenge to bitcoin especially if the coin could solve the size issue that bitcoin will encounter.
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im trying to trade but this increase is really hurting the wallet as i would like to buy a little more before it goes up to 4k then i think ill be holding for a few months at the very least
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Throwing is toys out of the pram to get his own way? thats how this comes across to me
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not really a reliable source that? I would be interested if this was true and surely someone else would be talking about it which they are not clearly FUD. |
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a paper wallet made by dice rolls can't be hacked unless someone rolls the dice and gets the exact same results
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