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interesting that they do want to add new tokens but also want to
hold off rushing in, I always find it a bit frustrating with their limited
choice of coins.
There seems to be uncertainty as to what may be coming down the line?
"When we get to a point that we know which digital currencies and assets are securities,
which ones are commodities, money or currency, it would be immensely helpful,"
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we the believers just need to carry on doing what we were doing
since January, trading the highs [if you were confident] holding
through the lows and just believing in this crypto that it will
ultimately progress through everything that is thrown at it.
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I dont talk about it to anyone anymore because the negativity is too much.
I am confident they will all be proven wrong in the not so distant future.
Those same negatine people may end up looking to get into crypto in a few
years when they see the benefits.
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Yes im positive about that number and that year.
It will be a bit of a job finding this thread after another 12 years.
I think the value will rise for sure because BTC offers so much more over FIAT,
there are so many people who have yet to discover this.
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in the thread title you are actually asking 2 questions and they have 2 answers!
Is it true that bitcoin immune from hacking & fraud ??
Yes it is true that BTC immune from being hacked. You have to understand
the basics of the Bitcoin Blockchain, here are some snippets from the whitepaper
"4. Proof-of-Work
-snip-
For our timestamp network, we implement the proof-of-work by incrementing a nonce in the
block until a value is found that gives the block's hash the required zero bits. Once the CPU
effort has been expended to make it satisfy the proof-of-work, the block cannot be changed
without redoing the work. As later blocks are chained after it, the work to change the block
would include redoing all the blocks after it."
This is virtually impossible at the moment and may always remain impossible
because as the hacker is trying to hack a particular block the chain is moving
forward, so the hacker has to enter at a block, change it and try and overtake
the correct chain, that would take more computing power than all the "honest nodes"
"5. Network
-snip-
Nodes always consider the longest chain to be the correct one and will keep working on
extending it. -snip-"
Is it true that bitcoin immune from hacking & fraud ??
Yes and no, fraud comes about from insecure wallets and is a result of human error.
it is also from scams people exact on others.
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It sounds like you are not informed as to what the original intention of Bitcoin was. I suggest that you take a read through Satoshi's original white paper about Bitcoin. This will help you get a better understanding as to what the "importance" of using Bitcoin can be. The importance lies directly on what you as an individual are looking to accomplish. I was sick of Bank fees, the lack of security, the limitations on my funds, the length of time it takes for a transfer, all of the scrutiny and violation of privacy, not having exclusive access and control over my funds, the list goes on and on. You have to understand the capabilities of what Bitcoin has to offer and then from there formulate your own ideas about what is the importance of bitcoin. Importance is strictly subjective and nobody can decide that for you.
yup here is a link to the BTC whitepaper > https://bitcoin.org/bitcoin.pdfFor me the importance of BTC is that I have control of my digital currency all I need is the internet. I am planning for the future and another possible financial/banking crisis. If my bank stops me from withdrawing my FIAT to prevent a run I will still have my Crypto. 12. Conclusion
We have proposed a system for electronic transactions without relying on trust. |
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Bitcoin is the opposite of a pyramid scheme from the point of view of Bitcoin miners. The Bitcoin protocol is designed like a cannibalistic arms race. Every additional miner prompts the protocol to increase the difficulty of mining. From a social point of view, Bitcoin is a pure market. The price of Bitcoins fluctuates based on market supply, demand, and perceived value.
yup thats pretty much a good explanation. I have heard people tell me that BTC is a pyramid scheme and it might look like that to those who dont fully understand. The ones at the top of the pyramid may look like those who were the early adopters. Because the market is unregulated it can be manipulated but I would have thought with over 16,000,000 coins in circulation it would be difficult to directly manipulate by one person.? |
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I have cashed out a pert of my BTC holding in the past with coinbase.com
But coinbase only handles bitcoin, bitcoin cash, ethereum and litecoin so
Any other alts will have to be traded into any of the above first on whatever
exchange you use.
I have thought of Gold but i dont fancy having to store it and i dont like
the idea of buying into it for some other institution to take care of it for
me.
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Yea mining BTC is not economically viable but are people mining alts to
trade mined tokens for BTC?
Would signature campaigns and bounties be classed as passive income?
There is nothing for nothing, there has to be some human input in order
to earn an income.
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Am i wrong by saying all online shopping does the same thing?
All overseas purchases result in currency migration.
As I understand it I dont see the big deal, its just focusing on BTC again.
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Patience is the key! if its only a few weeks before you are in a position then there is no need for panic. We are still at the early stages of this crypto journey and with the current market climate they may be more favourable in a few weeks  |
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Ico Ads baned in facebook, google and the latest issue that twitter will be baned ico ads, i think it will be very influential but not for long term effect. Facebook, google and twitter their biggest income is in advertising, and there are so many ICO ads right now. is a loss if they are banned ICO ads.
I agree, the value of crypto will be affected in the short term by the latest news on the social media PAID AD's ban but in the long term the bans will have no effect, it will be as if they never existed in the first place. We need to get over this and stop panicking and spreading FUD. |
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Version 1.47.0 is out. The changelog: - Added a visual indicator to hide/unhide your password when signing into your wallet. This helps users who like to see the password they are typing. Just be sure no one can see your screen if you use this!
- Ripio (RCN) has been added. You can now send, receive and exchange Ripio for other Exodus assets. As the official token of the Ripio Credit Network, RCN tokens are “required to access the network and facilitate transactions among all agents.” More information on the project and token can be found on Ripio’s Website.
- More entries have been added to our ever growing list of Ethereum Assets (also called ERC20 tokens for you tech-heads). Exodus now allows you to send and receive; Bread (BRD), Genesis Vision (GVT), Iconomi (ICN), KuCoin (KCS), MediShares (MDS), Pillar (PLR), Ripio (RCN), Rivetz (RVT), Santiment (SAN), Substratum (SUB), TenX (PAY), and Time New Bank (TNB).
- Exodus now supports sending to Bech32 BTC addresses. This is a first step in our effort to add full SegWit support on Exodus for Bitcoin. For those that want to take a deep dive more info can be found on the Bitcoin Wiki.
- CashAddr support for BCH has been added. No more pesky address conversion needed. 🙌
- We lightened up LTC fees over 3X! They’ve been reduced from 0.0095 to 0.003 per transaction.
- We squashed some bugs in the wallet backup process to keep things smooth as silk - adding extra protection to keep your assets safe.
In bold is what I would consider as the most interesting updates. I have been using Exodus since I got into Crypto and every month there is an update sometimes more and these new updates are very welcome particularly the immediate effect of the LTC TX fees. Going forward the full segwit support is great, this proves 2 things, the exodus development team are "on the ball" and behind the scenes work is being done preparing for segwit, its all positive for the future. #LongTermGoals |
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This is not as big a problem as its is being made out to be.
There are a lot of scam sites being created and scam ICO's
being advertised and its difficult to identify good from bad
at times so I can understand why they are taking this move.
This ban will not prevent anyone from promoting a project
using the twitter platform, this only applies to paid ads.
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this is a very big statement and its very interesting that its from someone with a high financial profile such as the "chief executive of Twitter and payment company Square" I cannot believe it though, at a time when the G20 had crypto currencies on their agenda this week and Facebook, Google banning ICO and crypto ad's and of what most high profile financiers are saying, this goes against all that. its good though  |
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Diversification is a must really but there are some limits you have to
put in place. Im not sure working a "spread bet" is a good move to
coin a phrase you would be "spreading yourself too thin".
From what I have learned here you would want to consider a 50/50
or 60/40 split of Bitcoin/Altcoin mix.
The way I personally see it is that BTC will give the biggest return
and possibly bigger that any other altcoin can deliver in the long term
for the same $ value of "investment" if you are a holder.
If you are a trader/speculator there are other considerations like being
lucky enough to get into a coin for less than $0.10c and it to moon to
$1 and beyond. To me this is just too risky and I cannot dedicate the
time needed to work this way.
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Very good news about the AlAX and Gionee partnership this is
a very positive move forward. I like that on the new phones
ALAX will be preinstalled and eventhough most of those
preinstallations will be deleted I wonder what the percentage
of "keepers" will be?
Will Gionee be providing app info with the launch of each phone?
regardless it will certainly increase the awareness.
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at the moment not everything is available to be purchased with crypto,
so people have no other choice at times than to convert back to FIAT.
I have done it myself. This is a kind of chicken and egg scenario.
What we can do is ask the question over and over again of the retailers
and traders if they accept BTC, LTC, Monero or Dash.
This is to let them know that there are people willing to spend crypto
and hopefully sooner rather than later they will accept our crypto.
We all need to raise awareness.
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of course it is worth risking your time and money in BTC but not all of
your money and not all of your time. If you are going to get into crypto
only put in what you are willing to loose.
I firmly believe BTC has a very relevant future in society especially for
those who dont want to trust the banks into the future.
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what do you think about bitcoin at the moment?
the same as i thought when it was $1000. back then if you
had told me in 12 months that $1000 will be worth $9000
I would have doubled my purchase.
now from today, fast forward 12 months . . .
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