We know that Bitcoin celebrated its 10th year anniversary this year and for the past many years so many things had happened especially with the birth of this new and trending cryptocurrency industry. In a short period (as compared to the fiat currencies we have around) of time, Bitcoin was able to achieve many things. Yes, Bitcoin is not perfect and maybe it will never be but with its accomplishments at hand, we have a lot to celebrate actually.
Now, Bitcoin is starting its journey for the next 10 years. There are many challenges and maybe even negative developments that can severely affects its viability but at the end of the day I am sure that Bitcoin can be able to weather them all.
How do you see Bitcoin 10 years from today?
With bitcoin, no one can really make a prediction of how the future of bitcoin will look like in ten years to come. But personally, I think in the next 10 years, there will be a massive adoption of bitcoin into mainstream financial ecosystem for most of the online transactions made. but in terms of market value, no one can really predict its value in the next ten years. |
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In this short time I have researched who is Satoshi. I've come across articles of people claiming they are Satoshi. I can tell you that they are not Satoshi. I can tell you they are Satoshi. So I know who Satoshi is. Satoshi is not a person. Satoshi is an idea, that idea is Bitcoin. It's the idea of individual control. Actually Satoshi has a forum account, and 575 messages stored for posterity... Yes indeed Satoshi has an account on this forum but what this user is trying to put across is that, he believes Satoshi represents the underlining idea of Bitcoin and the purpose of bitcoin in the financial ecosystem. From his post, he is trying to say that once you believe and use bitcoin, you are your own Satoshi... |
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don't confuse "blockchain" with "cryptocurrency". blockchain is simply a "chain of blocks" and it will continue to look exactly the same. there will be blocks that will be "linked" together, one after another line a chain using some cryptography function which is usually a 256-bit hash function.
that is the cryptocurrencies that are using that chain like a database and keep on changing. it is not possible to predict how they will look like because you are asking us to predict what innovation is going to happen, if we could predict the "innovation" then we would have innovated it ourselves!
Thanks for making this clear, people always mistake blockchain for cryptocurrency forgetting that it is just a node of data storage ledgers which provides a decentralized space where all data can be access by any connected pc to the network. Blockchain is a peer to peer connected computers that stores data. There are a lot government institutions that use blockchain for data storage. In fact, centralized institutions usually perfer using blockchain for their data storage. The only future i see blockchain is massive adoption of it for data storage. |
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Hi! I created this thread to know the best ways to increase Bitcoins. I am looking only for the best and secure options. Thanks  What do you really mean by asking how you can increase Bitcoin? Are you trying to ask for ways you can increase the amount of Bitcoin you own or to increase the market value of Bitcoin? Your question is very ambiguous. To increase the amount of Bitcoins you own, you should try investing in Altcoins or ICO/IEO projects. You can also gamble with your Bitcoin if you are not interested in investing. |
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On Monday, cryptocurrency advocates shared a video on Twitter which shows a large fire destroying a warehouse filled with bitcoin mining rigs. The first video was shared at 10 a.m. by early bitcoin miner Marshall Long who tweeted: [This] big datacenter from Innosilicon just went nuclear Dovey Wan did you see this? A few hours later, the founding partner at crypto asset holding company Primitive Ventures, Dovey Wan, also shared a longer video of the fire in China. Wan stated: As [Marshall Long] already broke it, here is the real footage of a local mega farm caught on fire  Which claimed a loss of $10M worth of mining machines. Wow, this is crazy losing a $10M worth of mining rigs. I'm very sure that the cooling system in the room was not really regulating the heat been generated by the mining rigs. I think miners should always make sure they have good cooling systems to match the rate at which heat is being generated from the rigs. |
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I just find out that some coins might start with very low volume and marketcap and end up growing big? true or false? i tracked back some old coins that start with trading volume around 6k and end up in millions, is this still possible today?
This will strongly depend on the underlining product or project backing these coin. For example, privacy coins are meant to make transactions people make on the blockchain network very difficult to monitor or trace, with such coins, it is easier for their value to increase if people find them useful to use. The purpose of a crypto coin defines its valuability in the crypto ecosystem and market. |
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I get sick any time i see people making an accusations regarding cryptocurrency been used for money laundering and terrorism. These two crime acts existed long before cryptocurrency had even been thought of. And moreover, all transactions made of the blockchain network are public and can't be deleted. This means that all transactions can be easily traced. Blockchain technology can be used to track and catch these people easier and faster if you know where to search.
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this is my current investments. do u have any suggestion
20k$ = BNB
20k$ = ADA
20k$ = EOS
20k$ = XEM
20k$ = NEO
10k$ = XRP
In as much that the crypto space presents good profit making opportunities, you shouldn't sell non-volatile asset just to invest it into a volatile investment asset because it presents a good opportunity of making twice your initial investment capital. You should invest an amount you can afford to lose in case the market crushes. The above crypto coins have good potential but you should be careful considering the current state of the crypto market |
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Ethereum, being the world's second largest cryptocurrency by market cap, has all the potential of replacing Bitcoin in the future. It's more than just a cryptocurrency, being a platform for the development and execution of smart contracts (aka dApps). With ETH, it's possible to launch alternative cryptocurrencies without the need to start a Blockchain from scratch. It's also possible to use the ETH blockchain for other purposes such as voting, proof of identity, verification of documents, and more. In contrast, Bitcoin's only use is for finance where it cannot be implemented in other areas by its own. Given all of the benefits Ethereum provides on top of Bitcoin, it makes me wonder whenever it'll be able to replace the pioneer cryptocurrency within the future? As long as, Ethereum keeps progressing in development and mainstream acceptance, it'll be much closer to Bitcoin every step of the way. What are your thoughts?  This is just an illusive thought. There is no way Ethereum can ever replace Bitcoin. Bitcoin introduced blockchain technology which Ethereum was built on using similar ideologies behind blockchain technology. Ethereum is a good crypto coin but it does not have the qualities to replace Bitcoin in any way possible.... people need to stop various comparisons and try to understand that each cryptocurrency has its specific purpose in the crypto space... |
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The main source and only source of the valuability of Bitcoin is the concept of decentralization and blockchain technology. Blockchain technology presents the backbone of Bitcoin and any other cryptocurrency. Bitcoin introduced blockchain technology and blockchain technology also explained Bitcoin provides financial freedom through decentralization. This is what makes bitcoin valuable...
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Hello guys, since a log time I wanted a simple way to keep myself up to date about btc news. Didn't find anything that's simple enough, so I built it myself, https://crypto.getsome.news No ads, no tracking, just quick access to btc-related news publications. I hope you like it. Thanks for putting an effort of trying to make it easier for people to obtain news related to cryptocurrency and crypto investment. But you should make sure that the information you provide are not full of FUDs . FUDs reduce the mass adoption of the use of blockchain technology and cryptocurrency to be specific... |
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I remember four years ago when a project was launched asking to get funded through ICO, the team were asking to get funded so they can create a movie about Bitcoin which will star prominent actors and actresses, but the project was a big failure because they cannot present their identity and their credentials in making a movie, they cannot even present their past movie projects.
Now it's 2019 and so many things happen in Cryptocurrency, the news is everywhere and it becomes very popular on four corners of the world.
Don't you think these big production company like Warner Bros, Universal and Netflix should do a movie about Bitcoin?
Not really a documentary, but any kind of genre, like action, horror, comedy I think if the story and the plot is good, it could make a box office
What do you think and who do you want to star if ever?
This could create massive publicity for Bitcoin.
There are a couple of movies made about Bitcoin and cryptocurrencies in general. There is one movie which was made this year (2019), the title is crypto. Another good series which also tries to introduce the idea of digital currency and decentralization is the startup. There are good movies about Bitcoin and cryptocurrencies. |
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Gold is very difficult to buy and store comparing it to that of Bitcoin . This makes Gold a bad option to invest in since buying and storing of Gold might an average person a long time to actually get all the paperworks done. But with Bitcoin, anybody can easily obtain it without needing to go through any paperworks in order to own it. With Bitcoin, you can easily store it without needing a third party to keep them safe comparing to that of Gold. I will also perfer to invest in bitcoin for a long-term rather than Gold.
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The only ways i have actually done to promote blockchain technology and cryptocurrency are :
1. Joining and participating in bounty campaigns such as Facebook and Twitter campaigns where i share or post contents related to blockchain technology and cryptocurrency.
2. Writing blogs or articles reviewing new blockchain projects and new crypto coins.
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Considering the number of people in the entire crypto ecosystem to the number of people in the world, I will say mass adoption of the use of cryptocurrency is growing at a very slow rate. Although the numbers from the day Bitcoin was launched till now has increased massively, there is no way to classified that as massive adoption growth. The crypto space is still at its young stage of mass adoption.
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The only way that cryptocurrency can have a zero market value is when blockchain technology becomes no longer useful to the entire people in the crypto ecosystem. Blockchain technology is the backbone of cryptocurrency and a lot of companies are gradually adopting to the use of this technology on their platforms to ensure decentralized system. Blockchain technology is the main reason why for ten years now Bitcoin's value keeps increasing.
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Hi guys! I have an interesting idea. I think I know how we are able to stop scam in the ICO & IEO market.
***
What would you think about an ICO/IEO model where venture funds invest with you?
In this model you would not need to worry about fraud, nor poor quality projects. The venture fund will select projects and choose only the most promising. They will also provide a legal framework that will protect the funds of the cryptoinvestors.
The model works as follows:
1. The venture capital fund seeks a promising project.
2. The venture capital fund uses its own professional infrastructure to verify the feasibility of the project and the integrity of the founders.
3. The venture capital fund invests its own money in the project to confirm the quality of the work performed. The size of the funds investments is at least 10% of the required amount.
4. The rest of the ICO or IEO is invested in by private cryptoinvestors.
5. Private cryptoinvestors pay a commission to the fund for their services.
Thus, private cryptoinvestors receive:
1. Protection against fraud
2. Quality projects
3. Legal protection of rights
4. Access to the professional expertise of a venture fund
The venture capital fund will receive additional financial leverage and additional profit from the commission. Promising projects will receive money for development. Everyone will benefit. Everyone will be able to earn money.
What do you think about this? Would you agree to participate in such model?
This is a brilliant idea but you should also know that IEOs were introduced into crypto space just to provide your suggested solutions. IEOs are meant to check and eliminate scam projects by the exchange platform running the IEO. But I also think investors should also spend their own time researching about projects before even thinking of investing into them. |
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How different is the Function X blockchain mobile phone from other smartphones ? And what are the possible changes Function X blockchain mobile phone can introduced to the smartphone ecosystem??
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The only possible way to increase the adoption of Bitcoin is when people understand and know the kinda financial freedom it presents to people for transaction of goods and services. Bitcoin ATMs can not really increase the adoption of Bitcoin by the massive public. People need to first understand Bitcoin before they can adopt to use it...
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Its funny how people can easy make comparison between Bitcoin and a coin that hasn't been listed or made available for people to use. Libra is just a stablecoin version of Ripple since both kinda have similar ideology. I think its a bad idea to compare Bitcoin to Facebook's Libra.
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