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I found it to be possible as such to be fair. There isn't really a perfect system that can exist, and all we can do about it is to react to it faster than before and try to fix it before irreversible damage happens. Besides, even if developers have fixed the previous bugs that don't really indicate any happenings of it being prevented in the future. They fixed it alright but prevention is another thing.
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I'm falling in love with these guys lately - they have some really cool ideas. Anyways, here's where I come from: https://cryptotradernews.com/cryptocurrency/how-crypto-should-be-regulated/Key highlights: Utilizing the underlying tech of virtually every cryptocurrency, we can police our own. With blockchain, smart contracts, and the very same miners currently working to provide the heart of Bitcoin, Ether, XRP, etc., etc., we can eliminate virtually every scam ICO as well as ensure that exchanges and wallets are adhering to industry requirements.
It really boils down to one of the most basic set of commands known to man — If, Then, Goto, and Else. Except now we have the power of smart contracts where we can ensure that the parameters are completely met along the way, and we can verify these requirements via the blockchain at any given time.This truly is how we can regulate Bitcoin and virtually any currency isn't it? I mean we already have the power it's just a matter of putting all the pieces in place. Thoughts? Might as well go turn back to banks if you wanted regulation to be in place. Sure, it would enhance security and prevent scams from occuring but it'll place limitations on its full capacity to work with. Governments won't be willing to legalize Bitcoin unless they apply regulations before accepting it. Actually, I would like to see Bitcoin with regulations. It could help decrease the number of scammers on a wide scale.
Well thats the point. They aren't willing to accept something they cannot control and bitcoin is one of those. The government is used to having everything under it controlled by it, and bitcoin is not one of those. Bitcoin has it's freedom and is open to public, literally anyone can access it without any limitations and thats what makes bitcoin, bitcoin. |
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Ok, you first need to watch this video to understand what a Bail-in is ---> https://youtu.be/j6aTCOjUaoU The short answer is that Banks are allowed to take any deposits to cover their losses, when they loan money to people and when those people do not pay it back. Yes, they do not take the shareholders money to do that, they are allowed to take deposits and they have done that before in Cyprus.  So you might be saying, but the money is secured by insurance right? Well you are wrong, only a small percentage of all deposits are insured. The money you deposited are perceived as a loan to the Bank and what happens when a Bank cannot pay back their loan, well this video will explain that in detail. ----> https://youtu.be/EC0G7pY4wREI cannot take credit for the content of this post, because it was posted first on Reddit, I simply want to highlight this here, because a lot of people do not read Reddit content or they might have missed this. Original source : https://www.reddit.com/r/Bitcoin/comments/db8qsw/when_your_friends_tell_you_that_youre_dumb_crazy/Thank you Satoshi  Nakamoto for offering us an alternative to Banks to protect our wealth.  A really big thankyou for that. When the places we trust our money to can actually just take our money away when they lose out. It's basically a free way out for them while retaining their savings and letting their customers suffer on their accounts. Well, when a first world giant like the USA agree to stupid legislation like this, the world will follow. Most of these Banks have a global footprint, so it will be applied in the other countries where they have branches.  And most underdeveloped countries would follow those developed ones, leading to thise countries being in a more problematic economical and financial situation than they already were. |
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Every day experts share BTC technical analysis and charts.
They look good but actual results are often total opposite.
Are they helpful in you Bitcoin decisions?
Imo, they can help you judge the market at times but doesn't necessarily mean that you should trust it a 100%. TA is basically just a possible reaction or result by taking in different factors involved in the problem. They are valued and albeit helpful at times, but only take it as only one factor when deciding things about bitcoin. Do not base your decision solely out of it. |
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Its kinda unexpected since most developed countries are at the middle to bottom side. The very developed ones I mean like Japan and USA. Though it really is great news since this simply means more and more countries are being knowledgeable about the existence of bitcoin and starting to acknowledge it's existence. Countries that are less influenced by banks are more likely to adopt bitcoin itself, one example of which is SouthAfrica which is second on the list.
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I am recently watching videos about investing and financial freedom. I usually hear people like Tony Robbins say that compound interest is such a great thing. It is a wise way to invest your money for a long period of time. I have heard it from several others as well. But I have no idea which investments give us compound interest. I was hoping if you guys know about it and I would be very happy to be educated about it. I am in my early 20s and want to make right decisions for secure and prosperous present and future. I would really appreciate your words and advises. Thanks
Yes indeed compound interest is a great income to earn passively. However, I would just recommend to you holding your bitcoin instead of trying to invest to some sites that are relatively unknown to others. Heck, if someone made a site where you can invest which gives out compound interest, id doubt anyone would not know about it. But I have no idea which investments give us compound intere
Best example would be banks. Banks pay compound interest on deposits which inherently benefits the depositors of that bank. |
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Seven most imminent trends everyone should get ready for in 2020 by Bernard Marr. Blockchain technology too got its place secured among the list. - Artificial Intelligence as a Service
- 5G Data Networks
- Autonomous Driving
- Personalized and Predictive Medicine
- Computer Vision
- Extended Reality
- Blockchain Technology
What you all think of these with comparison to the blockchain technology. Each and everything mentioned were completely associated with the technology based development and someway each gets associated with the other by some means. Source : The 7 Biggest Technology Trends In 2020 Everyone Must Get Ready For NowBlockchain is the only thing on the list that most people really do not know to be fair. Most people, even those that are laymen in the tech world know of at least the possible existence of AI's and such. This should really place Blockchain technology on the forefront of the world and hopefully push people into believing in the effectiveness of it, thereby placing crypto as well into a favorable place which is really great news imo. |
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Hi,
So Bitcoin has issues like speed of transactions and energy consumption.
As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?
There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the new coins could be linked with bitcoin or that future bitcoin 'integrates with them and their technology which therfore increases their prices?
Trying to understand this universe!
Thanks in advance
L
Just like what others have said, bitcoin has no team managing it because it is bitcoin. Besides, what you are saying is a problem that isn't even called a problem. The development of bitcoin as a coin itself is managed by different contributors who would want to develop bitcoin to a brand new age. Besides, bitcoin stands as the forefather of most coins and can be seen as the one who depicts whether other coins would rise or fall. Saying that bitcoin has issues means that the pillar that stands tall above other coins is just a piece of wood and not really something people would call a "pillar". Also note, bitcoin isn't competing with others. Others compete with bitcoin. They try to surpass what bitcoin did and so far, they could do nothing but just stand and watch as bitcoin is still the overlord of cryptomarket. |
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Buy low and hoard those coins, you will not be disappointed if you do. <It might take 1 month or even 3 years, but I would rather be prepared ...than jumping the ship and being out of coins when it happens.>  Words of wisdom right there. Bitcoin is sometimes really unpredictable and would spike up at a moments notice without any warning. This has happened a lot of times and yet people still get scared and panic sell their coins when the price is at a low. When it comes to investment in Bitcoin it is better to look at it for a long term sight rather than just a short sight where if the price drop happens they would tend to panic and sell.
Honestly, short term investment in bitcoin can be looked at as a waste. Just like what you said, longnterm is the way to go. Patience is a must when holding coins and honestly, those without such characteristic can hardly profit in the crypto market. |
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What do you think of this chart?
Everything until now (even the recent re-accumulation phase is just as planned). Can the push reach the new highs like 600k? The date says 25. may with libra effect included in the growth.
It sure would be nice if it really did reach 600k. But thats not just possible even with the technicaly analysis done. And besides, technical analysis may say so but it doesnt necessarily mean it'll happen 100%. We wont really know what will happen to bitcoin in the near future since everything that is said about it would just be speculations so all we can do is just hold and hold. Just reaching back to 12k or 13k is really enough for me. Realistically speaking anyway. |
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We all ready see this, prices specially Property rent and buy prices are going higher.
Do You think its coused by inflation?
If so do you think the gold and btc Will be hedge?
I think the assets prices going up in Europe, USA, Australia Central Banks just started money printing those 3 countries wich i mentioned above
As we Know in canada there is about to start Economic recessions If they dont start rate cuts like USA, EU, AU just did.
Uk Economic situation is 50/50 it can go down.
Do You personally feel that Fiat Currrency losing slowly puraching power?
I do feel that, but the problem is i cant buy groceries food and daily needs with Bitcoin first i have to Exchange my btc to Fiat, so the Bitcoin and gold is Not really Solution for that problem!!
Gold is a lot better of an option to use as a hedge than bitcoin. Bitcoin, on the other hand, is a lot more volatile than gold and could change rapidly in a short span of a few hours so you can't really use it as a hedge. Inflation can rapidly change the price of commodities in areas affected and as volatile as bitcoin is, it couldn't really support you when inflation comes. Besides, crypto hasn't really been able to spread globally or at least is not yet accepted globally so it is difficult to turn to it as a hedge. You can hold bitcoin by using a part of your current assets but reserving some in case of emergencies is needed since you cannot ensure that the amount you used to buy bitcoin would still be the same when you sell it. |
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I reckon many people have seen the latest “Smile-to-Pay” facial payment technology that are introduced in China. Large companies like, Tencent is using this in their popular WeChat app and other companies like Alipay are spending millions to develop their own technology like this. https://www.theguardian.com/world/2019/sep/04/smile-to-pay-chinese-shoppers-turn-to-facial-payment-technologySo, do you think this is a truly revolutionary payment option or is this just an extension of the Chinese surveillance goals? Now, you cannot deny that you made a payment or that you were involved in a payment, because every face is unique. Will the millions of people in China blindly adopt this technology, because these platforms are widely used already or will they opt for something a bit more anonymous like Bitcoin? <The Chinese people are very disciplined, so I think they would just bend the knee again and go for facial recognition.> The convenience is also a big factor, just imagine leaving your home to go shopping without a wallet or anything to remember... you just take a product or pay for a service by looking into a camera and you pay with your face. Let's discuss. It's a really nice step towards progress and security though. Adding facial recognition to fingerprints can really help secure bank accounts and such. But it's also bothering at times since like every transaction you make, your face is recorded and basically every company now has your face. They can use that then to basically gather information about you and stuff like that. Well, facebook almost does that at the same time since you use your face as your profile pic at the same time, but that has your guarantee and you can adjust privacy settings to whom can see it and such. On the other hand, once the pic gets to the company, you don't really have control anymore as to where it goes to. |
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Sports betting is broader than most beginners think. It takes many forms. It’s not limited to placing your bet on who you think will win between two teams or players in a match. Sometimes, it gets challenging when odds or point spreads get in the way. There are various bet types you can choose from when placing wagers on sporting events. But which of these earn you the most money? - Straight bet
- Money line bet
- Total line bet
- Parlay bet
- Head-to-head bet
If you do not know these betting types much, here's an article to help you understand them better: https://www.bitcoinsportsbetting.co.uk/news/most-common-types-of-sports-bets/The best type to go for would either be Money Line or Straight imo. Total line and Parlay are a bit risky but Parlay can give you the most money you can get if the risks are much higher. The higher the risk the higher the profit after all. But you can just go for Money Line and try to see whether the team with the lower odds has a chance, you can try your chances there. Most cases in sports betting just depends whether the underdog has any chances of winning so you can just get data in your hands about the teams and try to make up a plan on which types of bet that can make you profit more. Different types of teams may give out more profit in some types of bets than others after all. |
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Bitcoin being the pioneer cryptocurrency has always had a big gulf between it and other cryptocurrencies in the market mostly in term of valuation. Although this is expected, the growing dominance BTC is having on the entire crypto market does not speak good for the crypto space...
As at the time of this publication, btc dominance in the crypto market account for 68.4 percent, with this being the highest since April 2017. The question is what does this growth in dominance imply?those it suggest an immiment pump? since the bull run started not long after such high dominance was recorded or those it imply further dump for altcoins and increase it btc valuation...
Please share your opinions.
You've already stated the fact of bitcoin dominating the crypto space. It was its pioneer. Almost if not all price of coins are affected whenever bitcoin price increases or decreases and that's why the bitcoin market is the one that is always watched by the people since it pretty much dictates how some coins rise and fall. Of course, this makes it very difficult for some coins to survive since the meaning of altcoins was to fight off bitcoin at its throne and try to surpass it. Observing the current course of events from the past few years, none had been able to shake the foundation of btc at the market and I would really doubt there would be one in the near future. |
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Do you think its a good idea to have paper Cryptocurrency in circlelation too?
Like we have fiat currency digitally we also can have Fiat Currrency as paper.
I personally think its a good idea to have btc paper Currrency or metal coins too wich Will be accepted any shops!
Second point is that the dEvil is not the paper currency or any Kind of fiat currency the devil is the just the money printing out of thin air and lending this money out.
So nothing wrong with cash cash is not a devil!
Nah I don't think so. It defeats the sense of what cryptocurrency really is. Crypto was made when technology was advancing forward AKA most of the transactions were made through online management. Creating a physical appearance or existence for the representation of crypto is degrading its status as cryptocurrency. Besides, it's a waste of trees and other resources which could have been used in a lot more useful applications rather than using them to create paper and coins. |
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If that is the link then obviously you can't trust that site because it's not even on SSL.
I think there's a lot of fake and phishing site which involves online gambling. So gamblers really need to be careful which site to use and play. Just stick to the old and reputable gambling sites around and not those fly-by-night site like this one.
There's also a lot of them in the Google Play Store and IOS app store so everyone should be very careful.
That is why it is risky trying new gambling site nowadays. So, users should be cautious. If you want to try a new site never ever use credentials that is similar to your other accounts to avoid getting phished. Also find a review first and check all the information you need to check the site illegibility. I'd rather just go to those legit and reviewed sites out there. There are quite a bit of legit sites out there and they can easily be looked up and see if it was legitimate or not. Besides, we should have all known by now that the more something is tempting, the more it is likely to be a scam. Newbies should really try and research about how to prevent being scammed instead of researching how to profit quickly in gambling. Thanks for spreading the news and hopefully can be read by those who use the said site. |
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The world economy keeps crashing with many incidence of inflation. What is happening at the moment is a clear indication of a world that has failed the minority. Although the underdeveloped countries could partly be blamed for the high inflation that exists in their respective economies. Would things turn around for good if underdeveloped countries start to add value to their natural resources themselves without selling to the countries with good economy?
A lot of underdeveloped countries have natural resources that could compare to those developed ones but they lack the technology or resources to develop them. Either that or their government would just rather quickly be rich by selling resources to developed countries and then pocket a huge amount of profit from there. The people can't really do anything about it since the government are the ones whom control almost all of the products that can be imported and exported and it's really sad to see that instead of trying to develop their own country, they develop their won pockets instead. |
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Ok, let's forget for one moment that Banks are also getting money from thin air, when Reserve Banks are printing money. Let's just concentrate on the millions of deposits that are deposited into Banks on a daily basis and that most of this money is borrowed to other people with interest. This money is channelled to loans <Short-term and Long-term> and people pay interest on those loans, resulting in higher debt. So, when people remove their money from Banks and they invest in Bitcoin, they actually reduce the amount of money that Banks can loan to other people, effectively reducing global debt.  This is why we always tell people not to buy bitcoins with credit cards or loans, because you are borrowing money from Banks to invest in Bitcoin and that increase debt levels again. Hoarding Bitcoin also stimulate a saving habit and that helps to counter increasing debt levels. That was a mind-blowing fact. A wow moment for me right there. Only though, as you said, if people buy bitcoins using loans it defeats the fact that bitcoin reduces global debt. It was a great idea observing it from the surface but since the world still mainly revolves on banks and loans, I doubt that we could observe it's effects that much. Holding is better than the loans of banks since it generates more profit but looking at it from a broader perspective, Holding depends on the market flow and its more of an instant profit when you sell it on a high price but loans have a constant amount of interest made so you would be basically making money every day. I'd say reducing the global debt of the world is a good thing but I don't think it would disappear any time soon. |
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I think he or she will, something in my heart tells me they are still alive. I don`t think they will reveal their location or who they are, but I do think they will post on this forum in the next 5 years. It is only a matter of time before some big big rogue miners or bitcoin devs do something he or she do not like or see`s a problem with and they will have to come back and have a voice in the matter.
It will probably start by him or her saying something like this.
"Keep using the longest chain" or maybe "use this chain instead from now on"
I did a poll earlier a few months ago I think 19 out of 20 people said they would use whatever satoshi said.
I doubt he/she/they would return. It's kind of like the heroic act of an anonymous person and well he left like that. His name was renown all over the world but he didn't try and bask under that glory. He left the community silently without anyone of us knowing who he/she/they really was. And I doubt that even if he did come back, he/she/they won't give his/her/their voice into matters at hand in that time cause well it's a growing community. He/she/they made it as a type of anonymous transaction without a third party so his/her/their goal was not to make it under his/her/their control or under his/her/ther watch but rather just see what the community can do to build it up from what he/she/they started. And it's going pretty well imo. |
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After the long time anticipation of most traders on the result of Bakkt's rally, unfortunately it was not positive, critical observations and analysis has revealed that bitcoin has broken below both the symmetrical triangle and the descending which has resulted in a declination below the 200day EMA now. This will automatically extend the bearish market.
What a painful condition. The big investors sponsored the failure by selling out the news. How else/how well can we manage this moment,to get the best.
It's happened before and would surely happen more and more in the future. This is just a single situation of how bitcoin went down but that's nothing new. In any case, it's a good chance to buy btc while it's at it is low and hold and hold until the moment where you could reap profits gained from you, holding. Bakkt was overhyped and that's why many were scared about the future of BTC but it really didn't impact it that much. It's still the normal market and even if Bakkt did impact the market positively, it's still a gain. And since it didn't, rather than call it a setback, it's more like just another failed try. Just keep holding and wait for it my dudes. That's how we get the best not only at this moment but for the future as well. |
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