As to what I've said earlier, it will depend on the agreement of both parties. If the borrower agrees that he will pay for the tx fee then we cannot do anything, he agreed. And in my opinion, this is a bad case and I will agree on you that micro loans is not a wise choice.

To avoid confusion, below is the typical scenario for bitcoin loans:

- Borrower will borrow 1 BTC to Lender.
- Lender sends 1 BTC to Borrower and Lender pays for the transaction fee.
- Lender wants 1% interest which is 0,01 BTC. (I am sure that the transaction fee paid by Lender is less than 0.01 BTC)
(Let us assume that both parties agreed about the interest)
- Borrower receives the 1 BTC and used it and gain a profit from it.
- Borrower will return the borrowed bitcoin plus the interest.
- Borrower sends 1.01 BTC to Lender and Borrower pays for the transaction fee.
(Let us just assume that Borrower gained more)

Just an example. And if you noticed, both pays for the transaction fee where both fell in a break even (in terms of the transaction fee).

Naturally, the lender shoulders the transaction fees or this will depend on the agreement of both parties. If the loaner agrees that he will shoulder the fee or the other way around then that's it. Since this is lending, obviously that the lender will gain from it so the transaction fee paid by the lender will be covered by the profit gained. Also, in returning the loaned bitcoin, the loaner will be responsible for the transaction fee back to the lender so it seems like a break even to me.

Thanks, I received the payment.

I would just like to inquire, since you paid a day earlier if for example someone you paid haven't reached the maximum number of post allowed in the current week when you payed, are the post/s before tomorrow 6:30 AM be counted on the current week or for the next week?

To make it not confusing, you counted my post as 24 which is 6 posts away from the maximum allowable posts and I planned to make that 6 posts now before the cut-off. Then on the next round (after the cut-off), I posted 30 posts, will the payment for the next round be 30+6 * pay rate or just 30*pay rate?

As a matter of fact, I am a bit concerned about that matter. I personally do not know what will be the end result when the time comes (I am pertaining to the price of bitcoin) neither anyone. But since bitcoin's track is pointed upward, that we just have to hold onto this and hope all ends well. It's the best thing we can do as of know.

The subject is somewhat misleading. Others might think that BTC is not available on Britain until now. The article just claims that it is much more easier to engage in bitcoin now.

On the other hand, it will be a great opportunity for British investors to invest in bitcoin. With this at hand, we can surely see big hype on bitcoin's price due to the increasing demand. Moreover, all bitcoin users across the globe will surely benefit from this.

If you sold your bitcoin lower than the price when you bought it, it clearly shows that it's your loss regardless how much. And the amount you lost is never gonna benefit the society but the person/exchange to whom you sell your bitcoin alone. It is not like energy where wasted/lost energy will return to the universe. We are talking about money here and if you lose money, it will not return to the society.

4,000 USD will be reached for just a couple of months. We should take note on what will happen on July first. Yes, Australia will deem bitcoin as a currency and will be accepting them on that point onward. Let's just think what happened when Japan started accepting bitcoin as a mode of payment. Bitcoin began pumping and doubled within a couple of months. With Australia next in line, $4k is a piece of cake within months.

It is nice to read that some parents out here are doing the idea proposed on the OP. Though not a new idea but an eye opener for some parents that haven't thought about it yet. It is always nice to prepare for the future and the future of our kids but caution must be always be observed. We cannot guarantee anything because many things may come out of hand.

I doubt this will happen. In the first place, the government does not entirely trusts bitcoin. The government still prefer their own currency than any crypto currency. Also, bitcoin is a decentralized digital currency so the government does not have the power to touch it. Meaning, they cannot regulate bitcoin. The government is always demanding for control and since they cannot control bitcoin, then they will not let bitcoin to surpass their currency (dollar).

To all parents and soon to be parents out there,

Plan for your children or future children by saving Bitcoin for them. Buying them bit by bit would be a great investment for the future of your kids. I am saying that you must have a new wallet for your kids so that when they come at the right age, you can give them that wallet and imagine how bright their future will be. You can hold bitcoin for their education, life plans, or whatever you think of.

I believe that if you start storing bitcoin for them now, a bright future is ahead of them 

Bitcoin is a wonderful investment for young people because they have some years more to hold their coins. However, going all in is a bit too much. First of all, even at a young age, they, too, have a life so they also need money to satisfy their needs and wants. Although their parents are in-charge for their finances, some family cannot afford much also so a portion is reasonable.

It is all about good timing.

Regardless of what is the price of bitcoin when you purchased it, all you have to do is to hold them and wait. You will also gain profit if you wait long enough. Be patient and just relax. Bitcoin's price trend is always upward so stay calm. Though it is a bummer to purchase at the wrong time, and the only thing you must do is to sell the coins at the perfect time. 

I do not quite comprehend why people are blaming bitcoin for the increasing number of crimes currently. It is not bitcoin's fault that it is much reliable over fiat, that it is almost untraceable compared to fiat, and that it is preferred by criminals over fiat. Bitcoin was not made in order to support crimes so why the hell they blame bitcoin for that? This is a complete nonsense.

There is nothing there except for the nature so why would someone put that art in a middle of nowhere? There's even a direct conversion of bitcoin to USD and even a QR code is included. Is the "artist" expecting some donation of some sort because of the "art" he/she made? It would be nice if it is placed in a public area so that it would serve as an eye opener for some people.

Bitcoin being volatile and unpredictable in nature are characteristics of bitcoin that makes bitcoin as bitcoin. All just have to deal with it. If the scene you stated is a big deal then why not convert btc to fiat immediately after the transaction so that no value will be lost.

It is blurry to see bitcoin as a universal economic currency because not all government will compromise to bitcoin. Some might accept bitcoin as a mode of payment but they will not entirely embrace bitcoin and forget about their original currency.

That will be the future market of bitcoin. I think that it will not take a long time to see this. Every business is trying new things in order to promote their product/service. So if they see that accepting bitcoin as a mode of payment is beneficial, then they may engage to bitcoin as well. Only time can tell but all are very possible to be a reality.

Having a web wallet would answer your concerns (I don't know if the web wallet and the exchange wallet are the same). I am using a web wallet that has 2 wallets within, a wallet for btc and a wallet for my local currency (Philippine Peso or Php). I can easily buy btc using the Php in my Php wallet or through third party. I can also easily sell my btc to Php and it will be sent on my Php wallet or I can cash out through a third party. Having such type of wallet is very convenient to my part.

I do not know how your proposal would guarantee the growth of Bitcoin. As far as I know, growth of bitcoin rests in the increase of bitcoin user. So how can we see growth there  if people does not even know Bitcoin/Satoshi exists. Propagation of information about btc is still the best method.

As for the new users or will start to be engaged in cryptocurrency, others might get interested on some alts rather that Satoshi because it has higher price than Satoshi. So instead of enlarging the popularity of bitcoin, the alts might stole the spotlight.

The media is propagating information about bitcoin freely for us and it is a good thing. Some may get curious about bitcoin and the get started earning/buying. This will contribute to the rising demand for bitcoin and not to mention the price.

Some government are already imposing taxes on merchants that accepts bitcoin as a mode of payment. As far as I know, upon the acceptance of bitcoin in Japan, Japan also imposes taxes to it. Some businesses might have added the value added tax on their goods/services offered so tax in not a new thing.

I do not know if the government will impede with the growth of bitcoin, I don't even know how they will do it since bitcoin is intangible. No one controls it. The only thing the government can do is to ban it in their territory and that's all for it. Goodluck for them in monitoring their citizens if they are following the law or not.

The actual reason of bitcoin's price is none other that us, the bitcoin users. We are the one who declares the price of bitcoin since it depends on the number of demand in the market. So the more we demand for bitcoin, the more the bitcoin's price increases.

Prediction is always inaccurate. No one can truly predict when will the price go down or up.