Sorry @OP, i don't see how this idea of yours is going to be feasible. In the first place people need to know about bitcoin, how to use it and how to keep it safe. The industry is already struggling with that and trying to come up with so many mobile applications so that users can use bitcoin with ease and you are here calling for Satoshi (who is likely not to heed to this advice of yours) to send free money to everyone out there.
It will take us ages to get this idea of yours done and we are going to further lose more bitcoins in circulation. In your own way you can try educating people about bitcoin and its uses if you are really up for the adoption of bitcoin in the near future.
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I always find people who think that Bitcoin or cryptocurrency assets are busting money and sometimes there are people who always assume that investing in bitcoin is fraught with hacker risk. on the other hand I cannot assume that their opinions are wrong, but on the other hand I cannot justify their statements. I always think that people who have opinions like that are people who don't really know about blockchain technology, or they just read from one of the articles that happens to provide news about a "dark" case in bitcoin, so they often assume that bitcoin is a range against hackers and scam.
what do you think about finding people like that and how will you react to them?
Everybody has the right to his/her opinion and you can't take that away from them but the problem is that most judgements from people are based on false perceptions. It's likely to hear a good number of people all claiming that bitcoin and the whole cryptosphere is scam based on an article or a newsletter they read online forgetting about all the possible and good use cases of this same technology.
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The Bitcoin whitepaper was released in English, how did the Chinese get so interested ahead of others that they dominate mining of bitcoin?
Well let's make this clear, the bitcoin blockchain network has most of its nodes situated in China but that does not guarantee that these anonymous individuals are Chinese lol. For all you know we can have quite a number of English speaking people moving to China in order to mine bitcoin because of the following: 1. Cheap resources in mining bitcoin 2. Flexible laws regarding cryptocurrencies. 3. Availability of cheap source of electricity as compared to other countries.
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Most African countries have very good natural resources but their main problem is the high rate of bribery and corruption. Government officials embezzles with huge sums of state's money yet nobody is really brought to book by the law. Substituting bitcoin for fiat currency can help curb all those escalating rates of theft from the nation's coffers. The reality of the problem is that, both the governments and warlords are all corrupt looking for their own selfish gains. What most African countries really need are working institutions void of governmental control which can make sure that everything is accounted for.
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Well that's a good point yet i think it's unapplicable because all these exchange coin are created to be used in an ecosystem or a platform. So outside the ecosystem it can't be used for any other purpose. However, i think it would be best rather to increase the use cases of such exchange tokens in order to increase its liquidity on the exchange platform through several activities. These activities could be in the form of increase margin trades leverage if done in native tokens, decrease loan rates if done in native tokens etc. All this can increase its usage on the platform and not merely through fees alone.
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What's your opinion about this? Should cryptocurrency as a whole and blockchain be in schools curriculum?
Well it's a great step in the right direction and much more important if we see the comprehension blockchain technology and cryptocurrencies as difficult. Bringing the exposure of cryptocurrency and blockchain technology to the basic level would improve the understanding of people about it and its use. However, i hope they really put strict measures so that these adolescents don't get scammed, you know adolescents are very inquisitive and boisterous.
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Satoshi wrote: "If you don't believe me or don't get it, I don't have time to try to convince you, sorry" from this thread: https://bitcointalk.org/index.php?topic=532.msg6269#msg6269I reflected upon this statements so many times since i discovered Bitcoin long time ago. Today I had an idea: I don't have time sounds to me like someone who knows that he doesn't have time. I mean someone who knew his life was going to end soon. Maybe he had cancer and he was going towards a sure death in few time. I thought about this for the first time today and I have such a realistic feeling about this..I can't explain . Oh come on dude, you can't be realistic about such an ambiguous statement from Satoshi. This can simply mean anything looking at the context in which the statement was made. It could mean the following: 1. First of all, i think Satoshi was kind of bored with the question that was asked him looking at all the down to earth explanation that he has already given the text. 2. He might also have run out of patience when some users fail to read provided information and always want to be spoon fed. 3. Your thinking also comes in but i think it's far fetched than the two above.
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As you can see, the famous Asuka has missed $16k per 1 Bitcoin in Octber 2019 but it can happen soon , maybe this end of year. However, I just want to point out that her $8750k may not be a typo instead of $ 87500 k because I believe that Bitcoin still has one more impulsive wave which can reach $56k according to asuka next July 2020, then the ABC correction of the whole 5 waves that lasted 11 years sending Bitcoin below $10k or more less. Any thoughts??
And who is Asuka , It's so strange that the price of bitcoin and its future is declared by so many self acclaimed crypto enthusiasts who don't even owe just a dust of bitcoin. The rise of bitcoin is only decided by the market though slightly influenced by developments and news in the cryptosphere.
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at this time we know that the Blockchain is being discussed in large countries. and some time ago the Chinese president was welcome on Blockchain. But what about Bitcoin? there is still a lot of controversy going on. Even the US (SEC) is still rejecting the given bitcoin proposal. while we know. Bitcoin is the first carrier of Blockchain technology for general use. is it because of the basic bitcoin that has an anonymous background? so it is difficult to be accepted by the state. could bitcoin be separated someday? I mean Blockchain will be positively welcomed in the world. while Bitcoin will remain controversial. share your opinions.
Well that's a fair assessment between the blockchain technology and bitcoin. The technology seems to being adopted much more easier than bitcoin and this is because of the lack of control that these governments don't have over bitcoin. The government mostly bans or restrict the use of things they can't control. However, some companies have already integrated the payment system of cryptocurrencies into their operations which accept bitcoin as mode of payment. It will take time but i believe we would get there soon.
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Personally, i don't really think much is done when scam sites or projects are been reported. This forum for example, there have been a lot of scam projects launched here and people have made reports about them but there hasn't been anything done to prevent the promotion of scam projects here. How do you expect people to report scam sites and projects when nothing is been done to prevent people from launching scam projects here ?
I believe forum staffs have a whole lot of chaos to attend to in this forum in addition to keeping an eye on every tiny bit of project that pops up in here. On the average, we see about 5 projects getting launched in this forum everyday. Do you think they have the capacity to look into all this aside cleansing this forum of spammers? That's why it states clearly that people should do their own due diligence and also gives a strong warning to projects that get launched in here. Just take a look at the image below, especially where the arrow is pointed and you will know that the forum warns users but some folks just don't pay attention to some naunces of details.
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Binance is really doing a great job by expanding its borders to increase the awareness and adoption of cryptocurrencies. One thing that i am concerned most is that i hope the team really plays their cards well to ensure that they don't fall into the trap of the US SEC to bring about any law suit. Because from the published news you can see clearly that some banks don't approve of the use of debit cards to purchase cryptocurrencies but i know CZ really knows what he is doing and i wish him the very best!
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After the SEC postponed the launching no news about the project anymore or I am not aware. I thought OP will share an important news about Gram but even him is clueless of what’s happening with the project. Anyway if there’s a official update about Gram they can publish it any news site. So far this is the latest scope. Telegram Releases Test Crypto Wallet Despite SEC Lawsuit
Thanks for sharing the source of my post and i admit i should have done that but don't you think you should have held your breath about making this statement (OP is clueless about what's happening with the project). The investment into this project was done all private and even Pavel and his team kept silent about this project for a very long time before declaring their participation in it. Generally this project has all been planned in the dark and there is not much information about it anyway so what else do you expect me to know aside what i stated and my claim that it might turn out very good. The reasons to this i clearly stated in my first post.
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Unless you have not really monitored the crypto market during any of the bitcoin halvings because only then would you say we should forget bitcoin halving. having users making purchases of coffee through star bucks would definitely affect the crypto market in a positive way but not as much as bitcoin halving. This i believe need to be set clear and so many crypto enthusiasts are aware of this information hence the more anxious we are about it.
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After raising a whooping amount of $1.7 billion the launch of GRAM Tokens have been postponed by the team due to a law suit from the US SEC. Interestingly, private investors have actually agreed to postpone the launch of this project pending the clearance from US SEC. The sales of GRAM Token occured in a flash and increased over 100% per the last bidding in March 2018. Though i don't have much information about the GRAM Token Economics yet i think this token would be one of the altcoins which would be worth investing into looking at the huge and ever increasing user base of the Telegram application. You all can share with us what other important information that you know about this project so that we don't miss the early bird when it finally hits on exchange.
For those who see a great potential in this project like i do, it's scheduled to be launched on April 31, 2020
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OMG, how on earth can a whole big and recognized exchange platform like Bitmex do something as silly as that. Damn, bounty managers even know how to hide the emails of its participants, how much more a trading platform like Bitmex. This is really a big blow to all users of this platform as it is likely to know that most users would use similar emails on other trading platforms. It would be better if such users can increase the security of their account such as using 2FAs on withdrawals and log ins. Also, Bitmex should improve their security feature to ward any new attempt to log into its users accounts from new IP addresses. This is so bad and i hope they get it sorted as soon as possible.
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Currently, crypto is NOT taxed in korea. If they do this, it most likely WILL be taxed in korea. Please everyone, for the sake of me, let’s all sign a petition to stop the Korean government from doing this to ME and everyone like me. This will not raise trading volumes on korean exchanges and will only hurt those invested in crypto in korea. Damn you Korean government! Damn you all to hell....! Source: http://www.thebchain.co.kr/news/articleView.html?idxno=5981so sorry about that mate, but it's the government and it has some level of authority to implement come rules if they see the need. Not that i am in support of it but i think it would be very effortless trying to write petitions about this. Moreover, most governments have never been a fan of cryptocurrencies and the whole blockchain technology at the go. The power that it takes from them is enough to let them shut it down. If i were you i would find other alternatives to run my business successfully than trying to fight back in situations like these.
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A simple question, If i buy 1000 DASH with Bitcoin and and run a masternode, i will generate passive income. My question is will the end result after 1 year (initial deposit + income) will be greater than if i decide to HODL bitcoin and don't run a masternode ?
Ideally and if all things being equal, running a masternode with DASH would have been better but you can't guarantee this absolutely as bitcoin still dominates the crypto market. The crash of bitcoin will still affect your ROI on running DASH masternodes. In the long run i would definitely encourage you to run a DASH masternode other than just holding BTC. I want to earn passive income but it has a risk right? What if DASH price falls after one year and bitcoin price keeps increasing,that can happen? or Bitcoin and DASH price directly proportional in long term?
That is not a problem as you would always have some DASH coins to sell so far as you are running a masternode. It's always better to go for a constant passive income.
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Was reading about how Bitcoin first came into existence and people's first experiences with Bitcoin, cryptocurrency, etc on Reddit. I want to know how your guy's first experiences was with Bitcoin, and if you ever had any regrets or wins throughout the years. Also, would be cool to know how people first actually got Bitcoin back nearly a decade ago when it wasn't as easy as buying some from a local Bitcoin ATM near you.
The experiences we have to share are definitely going to fill up several pages but i would just summarize it in a shot text. First of all, i was like the doubtful Thomas when i heard about bitcoin from a friend until i earned some tokens which i later sold for some BTC. Damn, i was so delighted i could not hold back. I wanted to learn more about cryptocurrencies. Frankly speaking the income got me interested in cryptocurrencies but this motive changed when i got to realize the full potential of the blockchain technology and the use of cryptocurrencies. Ever since then i have been a strong crypto enthusiasts who have got scammed with quite a number of projects and we have also had some success with other projects too. The journey through this space has been a hectic one but the knowledge gained was worth it! Hopefully we would see cryptocurrencies esp. Bitcoin being used in our daily activities in the next 10 years. #HailSatoshi
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I see the crypto industry as a great tool to help solve most of the problems that countries like my own face especially with the embezzlement of state funds. I live in a country where one minister can abscond with over $40K worth of money through a project and go scot free because they are able to connive and have all the necessary documents related to the money deleted or shoved in the dark.
On the contrary this can never happen if funds are transferred to government officials with the use of cryptocurrencies. Every dime would be accounted for and the country will benefit hugely from its taxes. I an ardent crypto enthusiasts and i am advocating for its adoption in every little space i am questioned about it. Hope y'all are doing the same thing.
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This fun picture got me thinking. https://imgur.com/2GwIL5YWhat are your biggest fear in crypto? As for me, it's losing my private keys by accident. I know that the risk is minimal, but the thought of it makes me anxious from time to time. Also, I'm afraid that BTC dumps during the transaction. My biggest fear in crypto happen about a month ago when i got hacked which led to the loss over a $1K worth of BTC. i don't know this hacker was able to launch this attack successfully and steal my bitcoins but my advice is stay off free download websites like torrentz.2eu Waking up one morning and knowing that the whole cryptocurrency market went down to nothing? Or maybe finding out that all your crypto (or your private keys) was stolen or lost somehow?
That would definitely scare the hell out of me but seriously that ain't gonna happen ever. The crypto industry has grown too big to come down crushing within a flash. For the safety of your funds back up your wallet keys on several places.
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