A quite remarkable table topic there. And this is the widespread truth for many. Bitcoin is merely treated as a means of getting profit. Ask people what bitcoin really is and for sure, only a few can answer you back. And some might not even touch the course of blockchain technology.

Sad, but most people are only in for the money, yet, this is quite understandable. I just hope that along the way, people do catch up with the anatomy of bitcoin and learn to appreciate such innovative technology it brought the world. A host of honest nodes, a true peer to peer system that relies with one another for general consensus and a transparent and human tampering proof means of recording data sums up a system that the world never saw before.

There are really no far fetched ideas out there. What the mind can conceive, humans usually achieve.

Brain implants or nano neuron techtites are not impossible as human race continue to strive for technological breakthroughs. Perhaps the time might even come when we can actually buy time for a guaranteed lifespan. Imagine that!

But as for me, i do wish that we humans find an invention to make people live a simpler life. Just enough tech to get through the day, nothing fancy. A breath of fresh air, upgraded quality time with the family and an updated happy relationship with one another. I think that is the smartest tech i wanted to have.

They say that the best way to predict the future is to invent it! And Satoshi bringing us bitcoin as a digital currency did just that.

With the advent of cryptocurrency, he made a good prediction that the world will soon be operating on a digital cash. Making purchases, doing payments and even trading and investing on it. Sure, the mass adaption of bitcoin and cryptocurrency is nowhere the near future, but the potential of it actually happening seems imminent. And this is because of the current generation of crypto believers that are spreading the word like wildfire that there exists a reliable and trustworthy technology that could address concerns against fiat money and could perform twice better when it comes to security.

It is really more than a gate with no fences arround it. There is no denying how pivotal the role of the governments when it concerns bitcoin and the cryptocurrency as a whole.

Sure, bitcoin might be able to exist even without government backing, but a total government take down can hurt the digital currency in serious ways and that is something we won't be happy about.

We cannot be too stubborn on the government issues against bitcoin. As a community believing in cryptocurrency, we will be better off without any rift with the governments.

You see, people will re-invent themselves when money matters is at hand irrespective of their class and status in life. Literacy will never dictate the course of currency growth, and that includes turning digital. People will always adapt.

In fact, in many places all over the world, governments and charitable organizations started handing out ATMs to many indigent communities to secure their monthly social allowances. And this has been effective so far. So i am sure that should currency transform to digital form, illiterate members of the community will adapt well.

As banks have ATMs, Bitcoin (along with some top altcoins) does too. And the rest of atlcoins will surely follow suit. And this ease of access is already familiar to the community members you cited.

Truly, there are no effective means to lay any punishments or rebuke a particular ICO the proved to be a scam.

Remember that ICO remains largely unregulated. In fact it is for the reason of being unregulated that many took their projects to a tokenized crowdfunding platform. They are not to be held liable for any loss nor any damage pertaining to the project investment, support or participation. And us, agreeing to their legal disclaimer could not really make any legal appeal when we fall prey to those scams.

I believe the same. It's not yet over. In fact cryptocurrency's era had just begun and i am sure that bounty campaigns will improve itself too as we see the rise of the coins. In fact this year's scammish season might just be the defining moment to ensure future bounties will be better off.

I appreciate your sense of realization there mate. Peope tend to think that cryptocurrency is the easiest way to get your bucket filled money in an instant.

But in reality, there's more to it than meets the eye. We all are aware that some people was in the market at the right moment when the economy shot to the moon. And i guess time is a very important factor here. So stick for a longer while and make sure to be here when another all time high occurs.

I personally think that we have to be thankful when bounties started implementing stricter rules. It enforces better organization, lessens the cloud of doubts regarding accomplishing particular tasks and a standard of tasks acceptsbility is easily distinguished. Thud, for me, such strict rules are always welcome to better ourselves in any form of participation.

On a personal level, we can do much to change perception of people around regarding  cryptocurrency.

A video or a blog will have a minimal effect should it be coming from a person such i who holds no significant position in the society.

Though you are right about telling people within our circle regarding crypto, perhaps this is the least we could do. To influence people near us and expose them to the subject matter. Hopefully, this will promote crypto positively and organically too.

But the followup question there that we all should not miss is the profitability against the cost.

True enough, mining had evolved in such a way that rigs are not confined to bulky mining setup slone, our laptops and yes, even. Cellphones can be used in the process.

Yet we have to ask ourselves, is it worthy mining using our laptops?  How much can we get from mining operations compared to the wear and tear our laptop had to go through?

Let us all hope that both survive the test of time. We have witness how both bitcoin snd blockchain technology can be beneficial, bitcoin to the financial economy and blockchain to the technological infrustructure. So needless to say, both will be gold to have in the coming years.

Not wanting to break your confidence. But to say that it is easy to get rich with bitcoin is clearly a misunderstood concept. There is no quick way to get rich, it entails a lot of analysis, market watch and trend study. It will be difficult to bank on the erratic price movement of bitcoin simply. Especially nowadays that many took interest in cryptocurrency.

I sense a contradiction there and it is understandable.  Sometimes our strong faith and belief unto something does make us a bit one sided. Just as you said that blockchain would never be outdated yet you cited possibility of being obsolete should there come a much more powerful technology than it is already.

But that hint of acknowledgement is good, don't worry. Because as with all technology, all things must come to pass. There is a life cycle for any revolutionary tech. So it would be best to take advantage of the blockchain technology right here, right now.

There's a lot of sense here. First up, you are right that airdrop or ICO bounty participation is never free to begin with.

Something called "free" should not entail any reciprocation of any sort at all. If it even asked for your name or a signing up process, then the term free becomes irrelevant. Even to so called "free taste" in the supermarkets aren't free at all. Giving out your name, signature and mobile number means you are paying them back with information vital for them to collect but instead of paying for researchers they gather them using the so called "free taste" approach which is much more cheaper to execute.

But don't forget to take that investing plan with a pinch of salt, always.

Indeed, once prices had fallen for any investing instrument, the wisest move is to buy. But before you do so, check with your actual finances. Do you have enough cash to afford an investment? And if so, are you ready to loss it and can afford to loss it? Should your investment fail, do you have a fallback?

These should always be considered before jumping on board. Truly, bitcoin holds a lot of possibilities and a lot of people out there believe in the profitability of the coin, but please don't throw caution in the air.

Yes, you are right. Breaking a little over $6K is no indicator of a bullish season. It would take more than that to declare that the bull started running. And a good indicator are altcoins on the rise too. Once bitcoin goes bullish, it will surely make the whole crypto economy go wild too.

And you might learn it wrong too when you try to learn it fast. I found that the best way to approach the learning curve of the crypto economy is to learn it slow because there indeed lies difficult areas to comprehend.

It would not take a scientist to understand cryptocurrency of course, but a grade 5 student would not really understand bitcoin easily. Even the explanation as to how bitcoin works is a hurdle to overcome.

Truly, diversification keeps any ecosystem healthy. Such as fish, you find a pool of species of nearly all kind of shapes and sizes yet there remains expensive ones that sell well in the market. But no matter what, the interest of the people to have them does not wane with the multitude of choices.

And the same goes for cryptocurrency. Bitcoin will be the sought after caviar i guess. And all other altcoins are the rest of the sea creatures that makes caviar worth its price being incomparable in taste and being exotic as well.

The problem here is the term "stability". Who could define stability for the crypto market? Are there governing authorities that can declare that the market is stable already?  You guessed right, none.

There is no central & defining body within the crypto economy who could barge in and declare "Bitcoin is Stable! Time to get your groove on!"

And if you define stability as a state of constants (and nearly not changing in face vaule at all), can we not then consider that the market is clearly stabilized already with bitcoin price nealry not moving from its current position?