Most Bitcoin Users Don’t Understand Bitcoin – But Does it Matter?
An understanding of what bitcoin is, how it works and its various features and benefits have, in the bitcoin space, traditionally been viewed as a key component of mainstream adoption. How can the general public be expected to switch from things like PayPal, fiat, Visa etc., if they don’t understand how what they are switching to works? There is some common sense in this view. Individuals who lack an understanding of cryptocurrency are more often than not intimidated by its seeming complexity, and this puts them off using it to transact. The conclusions of a recent study, however, go against these views. They suggest that while there is an element of uncertainty and – in turn – fear among non-bitcoin users, the majority of users don’t really understand bitcoin and its underlying technology, yet they don’t allow this lack of understanding to influence their willingness to interact with the digital currency space. http://www.newsbtc.com/2016/01/26/most-bitcoin-users-dont-understand-bitcoin-but-does-it-matter/
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Its supply and demand. I dont see a lack of supply in Bitcoin yet. Its mostly speculators trading. Am I wrong?
I agree with you that there is no lack in supply nowadays, but After halving happen after next few months and more people start using bitcoin, the prices will reach high levels
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Denmark to vote on tough migrant law as Nordic refugee welcome wanesThe Danish parliament is set to pass measures on Tuesday to deter refugees from seeking asylum, including confiscating valuables to pay for their stay, despite protests from international human rights organizations. The measures, which also include delaying family reunification to three years, are the latest sign that the Nordic welcome for refugees is waning as large numbers flee war in Africa and Middle East in what is becoming Europe's biggest migrant crisis in decades. The "jewelry bill" is the latest attempt by Denmark's seven-month-old minority center-right government to curb immigration to a country that took in a record 20,000 refugees last year. Under the bill, refugees could keep possessions amounting to 10,000 Danish crowns ($1,450), raised from 3,000 crowns after criticism from human rights organizations. Valuables of special emotional value such as wedding rings will be exempt. The Liberals government has just 34 out of 179 seats in parliament and depends on support of rightist parties, including the anti-immigration Danish People's Party (DF), to pass laws. The bill is likely to pass with most lawmakers from the main center-left opposition party Social Democrats expected to vote for, as Denmark's political landscape shifts to the right thanks to DF's popularity and rising concern over refugee numbers. A poll showing 70 percent of voters see it as the most important issue, according to the daily paper Berlingske. "I wouldn't say that I have become racist or anything," said Poul Madsen, a taxi driver, before the bill was passed. "But I may be more aware of the fact that this has some downsides and may be a potential problem for our society and our economy." http://www.reuters.com/article/us-europe-migrants-denmark-idUSKCN0V415B
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I think EU countries must block the borders between them to prevent any possible attacks. because as ISIS said, most of the terrorist were from belgium and they were trained in Syria before doing the attacks.
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Brave to offer publishers, users, and advertisers a cut of the profits with bitcoin
Brave, a new open source internet browser, was made to compete with the likes of Firefox, Chrome, and Opera, but does away with the existing advertising economy, replacing it with a new one that works quite differently, running on Bitcoin. “The new Brave browser blocks all the greed and ugliness on the Web that slows you down and invades your privacy. Then we put clean ads back, to fund website owners and Brave users alike. Users can spend their funds to go ad-free on their favorite sites.“ - Brave Software http://bravenewcoin.com/news/brave-to-offer-publishers-users-and-advertisers-a-cut-of-the-profits-with-bitcoin/
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EU COMMISSION NIXES CALLS TO REGULATE ‘HYPED’ DIGITAL CURRENCIES
The European Union doesn’t see any need to regulate the “hyped” virtual currencies. At least, not yet. EU commission nixes calls to regulate ‘hyped’ digital currenciesDigital currencies are largely self-regulated and not backed by a central bank, making it popular as an alternative to fiat currency. However, the collapse of bitcoin exchange Mt. Gox in 2014 raised the issue of consumer protection in the experimental sector. Bitcoin has also gotten a bad rap in 2013 after authorities in the United States uncovered Silk Road, a notorious “deep web” operation known for allowing its users to buy and sell drugs and other transactions involving a wide range of illegal practices, including hiring hitmen, using virtual currency. The attack on Paris—in which hackers claimed terrorists used Bitcoin to fund the operation—hasn’t helped either, and only sparked renewed debates on the potential of digital currencies to be used to finance terrorism and money laundering. However, the EU’s European Commission believes that monitoring cryptocurrencies is more important at the moment than proposing new rules. http://calvinayre.com/2016/01/26/business/eu-commission-nixes-calls-to-regulate-hyped-digital-currencies/
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Coinify And Bitcoin Vietnam Partner To Launch Payment Processing Services
Putting Bitcoin into the hands of as many as possible is the right way forward, but there are a lot of challenges ahead. In the Western world, Bitcoin users have been somewhat spoiled thanks to overwhelming support from merchants and businesses. But over in Asia, and more particularly Vietnam, the Bitcoin landscape is vastly different. A recent partnership between Coinify and Bitcoin Vietnam brings the country’s first digital currency payment processing platform to Vietnamese users. http://www.newsbtc.com/2016/01/26/coinify-bitcoin-vietnam-partner-launch-payment-processing-services/
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Security Of Your Bitcoins Is Predominantly Your Responsibility
Content theft has persisted as one of the worst ills of the internet generation. Data breaches and identity thefts have always left victims with a sour taste. Bitcoin wallets have been hacked and owners’ wealth stolen on several cases. Are there ways to ultimately prevent one’s wallet from being hacked? Is there any way of recovering stolen funds from a hacked wallet? Are exchanges obliged to refund Bitcoins stolen from a virtual wallet? Every hoster of virtual wallets and exchanges will always inform wallet owners of the importance of employing sometimes very basic, and at other times a bit more sophisticated measures in safeguarding their wealth. These hosts and exchanges basically provide the avenues and systems of enhancing the security of Bitcoin wallets, yet the buck stops with wallet owners to ensure that their wallets are secure, at least most of the time. http://cointelegraph.com/news/security-bitcoin-wallet-hacked
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I sold my coins at the beginning of this fall because i believe that negative news can not be solved easily and it will take long time before forgeting it. I believe in this statement " do not invest in bitcoin what you can not afford losing it"
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America can have whatever debt they want as long as they have strong army to protect them, they can print the dollars that they want and pay it easily because dollar printing does not depend on any assests
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The Blockchain Technology & Robo-advisors – The FinTech Real Game Changers
Although history doesn’t repeat itself, it definitely does rhyme. One of the latest buzz words to appear in finance is “fintech”, reminding one of the internet revolution of the late 1990s. During this time there were wild predictions of total change to the fabric of the economy which would lead to the demise of bricks and mortar. http://bitcoinnewschannel.com/2016/01/24/599/
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Are Bitcoin Classic Developers Receiving Threats from /r/Bitcoin Mods?
It’s no secret that certain people in the Bitcoin community do not get along with anyone who doesn’t share their opinion. A discussion on Bitcoin Classic got out of hand on Reddit once again when user PaulCapestany started spewing hateful comments aimed at just about anyone. One Bitcoin community member has tracked down this user’s credentials, with signs pointing towards this possibly being one of the /r/Bitcoin moderators. https://news.bitcoin.com/bitcoin-classic-developers-receiving-threats-rbitcoin-mods/
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CargoChain: The ‘Disruptive Force’ in Global Trade Wins Deloitte’s Hackathon
Bitcoin has many innovative attributes just waiting to be unleashed to the public. One of them is how the blockchain could help shape the future of industrial trade by recording activity with more precision and taking quite a bit third party costs out of the equation. Recently, during the first week of January, Wanxiang Blockchain Labs and Deloitte hosted the Shanghai Blockchain Hackathon with participants hacking away for prizes. Bitcoin.com got together with Dominik Schiener, who won a$30,000 1st prize at the event for his CargoChain project. Bitcoin.com spoke with Schiener to give our readers an inside look at the hackathon, his winning concept, and a few opinions concerning the crypto-environment today. https://news.bitcoin.com/cargochain-disruptive-force-global-trade-wins-deloittes-hackathon/
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Don’t Listen to the Mainstream Media on Bitcoin, Blockchain, or… Anything Really
Bitcoin is a spanking-new, highly-specialized topic and even those deeply involved don’t agree on many points. So why trust a reporter who’s only given it an hour’s thought, max? My well-meaning, non-tech friends know I’m interested in bitcoin — since I’ve written about it every day since mid-2013 and bewilder them about it on Facebook. So they often send me links to bitcoin articles, usually from the mainstream media. In a way it’s a fresh perspective, since bitcoiners spend most of their days buried in chat rooms and reddit and forget the outside world. I said fresh — but not particularly edifying. Quite the opposite in fact. After the excitement of the immediate at bitcoin’s edges, it’s a bit depressing to see where the outside world is stuck. https://medium.com/@southtopia/don-t-listen-to-the-mainstream-media-on-bitcoin-blockchain-or-anything-really-74fcda0063d3#.ezu1ke9jz
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UBS to Provide Blockchain Code to Help Develop Cure for HIV
UBS, the biggest Switzerland-based bank, has announced it will provide the blockchain-based code for HEAL alliance, a non-profit company that facilitates HIV research. The announcement was made at the World Economic Forum in Davos on January 21, 2016. HEAL alliance will use the blockchain technology to drive investment into “HEAL bonds” that will be utilized to develop anti-HIV drugs. The company intends to raise about $10 billion through the sale of bonds. http://www.coinspeaker.com/2016/01/23/ubs-donates-blockchain-code-to-hiv-research-project/
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I use Coinbase wallet actually.
what's the method ?
Why you care about fees while you are using coinbase? As far as I know this wallet does not charge anything for sending a transaction and pays the fees for their users. So you can send them one by one without problem
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After reading the thread I remembered this extreme rise that happen in November, which I believe it was because of the federal auction for 44000btc , the price went up in a dramatic way. But it fall to fast again to 300 level
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Bitcoin is still very complicated to use for 99,9% of the people. Most users using Bitcoin are techy in any way. Just need to explain what Bitcoin is to your grandmother and you will see why so many people stopping from using
It's not true. Many users who do use bitcoins on this forum are students in school and they are just interested in mining bitcoins but are still learning about it. The basics of bitcoins as simple as bank accounts to get started with bitcoins. So, this is not a stopping for many new people into bitcoin ecosystem. I can not deny that bitcoin is kind of complicated to be understood for newbies, but this is because who explain bitcoin for them are geeks and they use some tech terms so people feel it is very difficult to understand this currency although there are many user friendly wallets that are really suitable for those newbie
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