Most services start out with noble intentions of being open-minded to the needs of financial privacy of their customers or users, but when they acquired enough customers or clients, they change their business model and also the thing that brought these customers or users to their platform.  People use that service, because they want to protect their financial privacy, and when you take that feature away, they will move to the next service that offers them that feature. <Where are the competition for this service?> |
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I think the ratio between money supply and GDP is so screwed up, because most people buy goods and services with debt these days and actual money are used in rare circumstances. Governments are just using money supply to manipulate the perception that their economy are flourishing and that their exports gets a lot more foreign currency for whatever is sold and that they get more goods for their currency when they import something. The third world countries tries to solve their economic problems by printing more money, but this just leads to hyperinflation. <Toilet paper becomes more valuable than the money that are printed.> |
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Well, in a Apocalypse people would most probably lose access to the most basic services, like electricity and that would cause massive problems for the Bitcoin network, because the Bitcoin network needs electricity to run their nodes and also to communicate with other nodes on the Internet. Satellite systems communicate with devices on the ground that needs electricity and these devices needs to talk to other devices on the Internet to sustain a decentralized Blockchain. Once communication between these nodes are established, the protocol would automatically adjust the "difficulty" for people to start mining with a lot less hashing power.  |
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I think people should steer clear of all the religious themed cartoons, where they mock people's religion, because it adds no value to gain people's support for Bitcoin. Christianity has the most followers (2.3 billion followers) and to mock their religion would be the wrong approach to gains people's favor for Bitcoin. I am all for cartoons and propaganda that are directed at Banks and corrupt governments, but I think it is a mistake to alienate religious people with cartoons that mock their beliefs. |
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Why should bitcoins be any different from anything else with financial value? The law enforcement agencies must take a portion of that to increase their capacity to catch more of these criminals and the rest must go as compensation for the victims of these crimes. People think Bitcoin is something special, but it is just another "currency" or a "payment" option that can be used for criminal actions too. The community should actually pitch in to help "report" suspicious sites and schemes and to provide information that would lead to the criminal prosecution of these criminals.  |
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We have seen an influx of investments into Crypto currencies when the traditional financial markets are struggling. I want to predict a massive shift into possible safe havens like Bitcoin, when there will be a next financial crisis ...and believe me, it is coming. The signs are there that the Stock markets is over valued and that the political scene between super powers are being balanced on a knives edge.  The Banks and other financial giants did not learn any lessons from the previous crisis and the debt is still spiraling out of control. Expect traders to look for something with a store of value, like we have in Bitcoin. |
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You will just have to hope that there are not some nasty Malware installed on your computer that are logging or tracking all activity on your computer, because you exposed your seed, when you extracted it. A simple screen capture will expose your seed and then someone else can restore that wallet on their side. If I were you, I would transfer those coins to another wallet or Bitcoin address, just to be safe. Then learn more about Paper wallets and desktop wallets and start securing those coins properly. |
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Based on your two categories, I can be defined as a "Bull" with hoard tendencies.  I use 10% of my monthly salary to continuously buy more and more coins, when the price is low. I believe in a long-term strategy and also to spend 20% of all coins I buy to sustain the network that supports Bitcoin payments. So I do "sell" bitcoins regularly, but it is only to pay for services and goods that are on offer for Bitcoin payment. If we stop paying with bitcoins, merchants will stop accepting it.  |
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Well, when your existence is based on your willingness to share your customers data with your government, then you have to develop software where no customer can have any anonymity. If you do not do that, your government will not support you and you will have to close your doors. We know the USA are one big "Police State" and they want to keep tabs on everything that everyone are doing all over the world. There are some companies that are trying to fight back to protect their customers, like https://www.skyhighnetworks.com/cloud-security-blog/apple-vs-fbi-who-really-won/The First Amendment is meant to protect citizens against government attempts to limit speech, there are certain situations in which private companies can be subject to First Amendment liability. |
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Bitcoin has always been developed to serve as a alternative payment option and not to disrupt all other financial payment networks. So, if Banks and PayPal are exploiting their customers, then Bitcoin would offer them an alternative payment option. People should have a choice between more than one option that are forced on them by their government. People will chose the payment option that suites their need and if that need is total financial freedom, then Bitcoin would be there to fill that need. The moments when Bitcoin start to "replace" or "disrupt" these systems, then you will get a push back and resistance from centralized services that are backed by the government and they will use that to "ban" Bitcoin. |
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I would really want to encourage people to use more than one Mixer service if you are really serious about your anonymity, because none of us know if any of these Mixers are backed by some 3Letter agency. I do not care if the authorities get logs of my Bitcoin addresses, because I do not use Mixer services to hide criminal activities, but I do not want every Tom, Dick and Harry to know how many coins I have and what I spend it on. So my advice would be to use more than one Mixer and to stick with the Mixers like the one in my signature, because they have a good reputation for protecting people's financial data. |
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We all know news platforms like CNBC News are used to manipulate the price and to shill for their Fiat masters. I have stopped listening to all the nonsense that these news media platforms are pushing out to the public, because 90% of this is fabricated or infused with FUD. You will also see breaking news on one platform and then 10 different opinion pieces based on that news, without any substantial difference of what was said in the original article. <They just play telephone.. telephone and no new research are done to substantiate their claims. > |
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A negative interest rate means that the central bank (and perhaps private banks) will charge negative interest. Instead of receiving money on deposits, depositors must pay regularly to keep their money with the bank. - Source : https://www.investopedia.com/terms/n/negative-interest-rate-policy-nirp.asp So, the direct result of this is depositors would rather look for a alternative investment option like Bitcoin, where they might see a potential profit, than having to receive no interest or profit on their investment. <Paying a Bank to hold your money, just do not make sense> |
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As of today, the Free Dogecoin Giveaway on FreeDoge.co.in is shutting down.
We've always viewed this giveaway as a means of giving back to the community, however, we're compelled to discontinue the service due to large-scale account abuse on the part of some errant users. We know it's unfair to the rest who have been amazing members of this community, but unfortunately, we have to take this step. We do not have the resources to fight back against this abuse since most of our time is spent on managing FreeBitco.in.
Also, we will eventually shut down the Multiply Doge section as well. Nevertheless, for now, paid and deposit plays won't be affected and will keep running as usual. Thank you for participating and making the Free Dogecoin Giveaway the success that it was, and we hope we can keep making this remarkable community bigger and better.
P.S.: The bitcoin faucet on our sister site FreeBitco.in is still going strong, and we're giving away up to $200 in Free BTC every hour. We'll be adding an option which would allow you to link your FreeDoge.co.in to your FreeBitco.in account, redirecting referral traffic accordingly. You can head over to FreeBitco.in to sign up and enjoy these benefits.
I think when Wetsuit started this Dogecoin faucet back in the day, he thought it might have had some potential, but since then the Alt coin market increased to about 4000+ Alt coins and coins like Dogecoin are now a dime a dozen. https://coinmarketcap.com/currencies/dogecoin/ still shows that there are some volume, but I doubt if it is significant enough to justify the effort that are asked to run a Dodgecoin faucet. I would much rather concentrate time and effort on more popular coins like Bitcoin that has total market dominance. A faucet's goal is to generate interest and to stimulate an economy around a coin that shows potential, but Dodgecoin are going nowhere, pretty soon. <Compare the 2014 price to the current price> |
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The direct result of these trade wars are the economic uncertainty that political decisions like this are causing in the financial markets. We have already seen investors searching for safe havens like Bitcoin with a store of value, when trade wars between China and the USA intensified. So these trade wars are good for Bitcoin, because the economic instability are forcing investors to hedge their losses by investing in alternative "store of value" investments like Bitcoin, but it is not good for Fiat currencies and stock markets. |
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As controversial and idiotic as Craig Wright might be, I would want to agree with one of his statements, which is ... " ICOs collected billions of dollars from naive and careless people." The unregulated ICO boom did a lot of harm to the reputation of Crypto currencies in general and large amounts of investment money went down the drain with mostly scam ICOs dominating the ICO scene. Craig Wright is making controversial statements like this for the free media attention and publicity that he is getting from this. He wants to stay in the media spotlight and this is one way of doing this. <A lot like what McAfee is doing> |
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So, what happens after we destroy Satoshi Nakamoto's coins, do we burn all Roger Ver's coins next and then Mike Hearn's coins ..... Nope, the fact that you own coins and nobody can take it away from you are one of the fundamental building blocks of this technology.
Bitcoin is not a centralized technology where you can block people's access to their own tokens or their wealth for whatever reason. A lot of people will sell their coins, when that security feature is taken away.
--<< Bitcoin is not a Bank >>--
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You can just add James Bilal Caan to the long list of FakeToshis out there that wants to claim that they are Satoshi Nakamoto. Losing the hard drive is the perfect excuse not to be able to digitally sign the early Bitcoin addresses that would be accepted as a true validation that you are the real Satoshi Nakamoto. Can this happen? Yes for sure this could happen, but it is very unlikely that a genius like Satoshi Nakamoto would make a basic mistake like that and also not realistic that he would have stored all those coins on one hard drive. |
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I gave up on day-trading Alt coins, because the only people making money is the exchanges that are leeching the fees generated from these frequent transactions. I even tried a financial service that specialized in Alt coin trading and it turned out that these services are just doing the same thing, by added their fees on top of the exchange fees. <Just eating away your investment capital> I am now more focused on long-term hodling of Bitcoin and a small amount of Alt coins with future potential that might give some good profits over time.  <Less stress & less fees> |
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Well, a few years ago there were only a hand full of Alt coins out there and then there was Bitcoin. People were not spoiled for choice, when it came to Alt coins, so these Alt coins did very well back then. We think about coins like Dogecoin and LiteCoin and NameCoin etc.. Now, people are spoiled for choice with over 4,000 altcoins (alternative variants of bitcoin, or other cryptocurrencies) that have been created since 2009. So you have 1000's of Alt coins having to compete for a limited amount of the total market share of investors that are willing to invest in Crypto currencies. |
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