But there is hope that if people start to use this government crypto, they will eventuality discover bitcoin and start using it, abandoning the government rubbish. Of course that also depends on have the government in Cameroon will treat btc in the first place.
Hope you are right, but not necessary. People still use Microsoft even tho it's closed source (way less secure) I don't see why people wouldn't use a government isued crypto that was closed source. Unfortunately never underestimate how much of a sheep most people are. |
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The mainstream probably will be comfortable to adopt bitcoin at least their bitcoin has some extent of security. IMO some legislation should come out and recognize bitcoin as money or property, which anyone steals or hacks, will be put in prison or fined . The money will be returned to the original owers. Bitcoin will be adopted widely at that time IMO.
The mainstream fears the volatility of Bitcoin's price more than they fear their security, basically because they are clueless to talk about how secure or insecure Bitcoin is compared to traditional banking and other wealth stores. |
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People who own the machines automobiles will reap the rewards just as people who "own" the labor reap the rewards now. This is unacceptable except for the owners.
It's time for the rest of the people to collectively own the machines automobiles to eliminate the advantage of the few over the many. Only then will the true capability of machines automobiles be realized for all. Until then, it will be the same good ol elite exploiting the rest of the population scam.
ftfy. the government should own all the cars, trucks, tractors, bulldozers and factories by that logic ... ask the soviets how that turned before spouting nonsense to the world perhaps? Yeah, because the technology was exactly the same 50+ years ago than it is now. Now that's some nonsense. Thats what people like you don't get. You always think humanity will keep reinventing itself to generate more jobs than what machines automate, when if you look at the objective data is exactly the opposite: machines are replacing more jobs than what new jobs are being generated, try to get that one through your thick skull for once please. All this panic about jobs disappearing is non-sense to me. Lets make robots do ALL the work, and let us humans live lives of leisure.
The economy used to have businesses provide goods and services by paying employees for their labour. Those employees were then able use those wages to consume the goods and services the businesses created. Today, the production of goods gets cheaper and cheaper, largely because robot are replacing workers. This, however, is destroying the consumer base that's supposed to buy those goods in the first place. How can anyone consume goods, however cheap, if no one has any money?
The solution? A Universal Basic Income. Businesses can still automate all they like with no fear of killing off their customers. It's a win-win solution for everyone. I've never been a socialist but I simply don't see any other outcome for this dead end.
No. A Universal Basic Income is just another communistic fix to a deeper communistic caused problem. You need to first let people keep the money they can earn before you think about taking it off them to give back to others ... if governments stopped ripping off people and facilitating powerful people to rip off economically weaker people you start to go in a good direction again. The governments are causing the problems, why look to more government solutions to problems they are creating? That's insanity defined. Again, "communism this soviet that". Cut the bullshit. We are in 2015, technology today does things that we could only have dreamed about in soviet ages. Again: tons of jobs getting automated by machines, few new jobs being created to try to stop the perpetual unemployment. Therefore: dead end. How do you change this? everyone becomes a programmer and a technician that fixes the robots? lol. I had always believed that eventually humans would not longer be doing the work but replaced by robots with the same capability. A persons job would be maintaining the robot. So instead of flipping burgers for a living, one will be maintaining the robot(s) that flips the burgers. The main problem is the people that will have the brains to take care of the machines will be the 1% compared to the rest, specially someone that has been doing the same thing for decades and suddenly finds out what he does is deprecated by a machine. |
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Could someone mathmatically explain the possibilities of such an integration? It seems to me like the whole thing could be done with 100 bitcoins since thet are divisible by 8 places. Maybe a thousand at most.
Read your comment several times, I do not understand how it could be done with 100btc??? Also, I would think the Nasdaq would possibility start mining its own bitcoins to use and also to help secure the network.
Nasdaq is a stock exchange, they make enough money from trading fees. Bitcoin mining is not going to interest them, and they don't care about the security of the bitcoin network.  They are going to run their infraestructure throught the blockchain and they don't care about the security of the bitcoin network? that's some nonsense. If you run your business through the blockchain, you better care that everything is OK with the native currency. Therefore, price would go up. |
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I don't think Bitcoin will replace national fiat currencies.. people attach their own currencies to their own countries, as an unique identity for their country. Unless people become more open minded in the future, I don't see it happening. Bitcoin may become the #1 worldwide payment method, but not necessarly replace the national currencies.
Regulators will exist as long as government and state exist.
Not necessarily euro is a collection of nations that dropped their national currencies for a common one. Let's think about the extreme long term, when Bitcoin is the most used payment method, it will become the reserve currency. People will believe more in Bitcoin than their own national currency, which will become very variable. In the extreme long term anything is possible. What I don't see that clear is countries giving up on having a say on how they issue their currency. Then again, it's not like European countries have a say, at least half of Europe does what Merkel wants anyway. |
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Who cares what some wannbe has to say about Bitcoin?...if we listened to every wannabe, bitcoin would be $10 bucks. The fact that press publishes shit like this blows my mind...pure speculation with no proof.
Like it or not, when someone has a huge following, it's going to have an impact on it. If Warren Buffet says don't invest in BTC, it's not what I would call positive, even tho it doesn't change the outcome: BTC being success, it doesn't exactly help.. |
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It was 12USD on MtGox IIRC
I was very confused if Bitcoin was really going anywhere so I bought none, just got a few cents trough a few faucets and a good and old service of "watch the video ad and get a bitcoin". Well, it was kind of worth, since the price raised up a lot in a few months.
So many people were like this at the beginning. Thye saw and remember seeing it for the first time at ridiculously low prices, but got overwhelmed by it. If right now it can be a big hassle trying to buy some BTC, imagine back in the early MtGox days. |
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A hard fork is like the latest resort to fix something about BTC. The things that need a hard fork, thank god (or thank Satoshi) are very few. Actually I would like to know a exact list of what requires a hard fork because the only thing I can thing of is the blocksize, the rest of issues can be resolved without resorting to that.
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Will the blockchain as it is today be able to deal with all the extra transaction volume these companies would bring without collapsing the network?
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There's nothing worse than the feeling of being in debt. I never used regular fiat debit cards and i will not be using BTC debit cards if they become available in the future. I still dont get how it will be done exactly tho. Just like there is a lot of scams with people not paying back loans, there will be lots of scams with people not paying their debt back.. how will they avoid this?
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The government of Cameroon has implemented a centralized, insecure and potentially dangerous blockchain protocol and currency Trest in their project to enable the unbanked to transfer money quickly without transaction fees. Unlike Bitcoin, transactions on the Trest blockchain are not verified by miners or any entity incentivized by the network. Doesn't it look like the government is trying to rob its own citizens of their money? Just as predicted by some, governments will not necessary ban Bitcoin, but will not embrace it and instead will create their own cryptos without everything that makes Bitcoin good (decentralized, open source, not tied to any institution..) It's happening guys, get ready for the era of the e-fiat scam. |
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If anyone with xxx amount of money could safely turn it into 2 xxx amounf of money, no one will be poor  There is no safe way to double your capital, however, there is a way to safely 'increase' your investments, and that is to invest in things which give low interest but more safety. Things like government bonds, those are much easier and safer. The interest rate is relatively very low but atleast, its safe. But it's all about doing it quick. No one wants to wait to be 65 to see those 100% gains.. whats the point. It's all about defeating time, and that requires risk, there's no other way around it. |
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I think I saw this at least 1 week ago, when he tweeted it. Kim Dotcom is a monster of media, he can move masses, anything he tweets is automatically viral. It is great to have the great Kim being supportive of BTC. Anyone in Greece not putting their money in the blockchain is simply nuts at this point.
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What isnt fiction? Nakamoto Elementary School. It is there, take a look. Nakamoto is a very common Japanese surname. I went to Japan once and I remember in the hotel there was a list of of people that were attending a meeting in the restaurant and I saw at least 2 persons that had Nakamoto on the name (i can read some of the kanji stuff) |
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I wish local bitcoins had a Alt coin option. Step up your game local bitcoins!  I guess they don't do it because it would be a mess to manage. Too many alts, too many potential scammers. They want to focus on BTC only. |
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Some researches said that Bill Gates will become the first trillionaire but he have to wait 25 years (2040). So probably the owner of Microsoft will be the main target of thieves I could very well be the case because I don't see any other company dethroning the hegemony of Microsoft when it comes to Operating Systems, same as I don't see any company dethroning Apple when it comes to mobile devices. |
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Bitcoin hit 10$ once? WOW. I did not know that, must be weird for people who really bought a lot of it. And the ones who gave up that time, are probably crying the f out now. What was bitcoin's $ price when it initially came out?
A big, fat zero. In 2010 someone on here tried to sell 10,000 coins. He couldn't get $50 for them. I'm sure lots of people blew it with BTC. It would've been easy to believe it was going to die or go nowhere in the early days. Hindsight makes everyone a hero. It's not so simple when you're up to your ears in it. It's very frustrating when you hear stories like these, or the 10.000 BTC pizza one. Nowadays the average joe is struggling to make a single BTC. Hopefully in the next 1 or 2 decades we'll be rewarded with millions of purchasing power as well. |
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The best way to save is to spend less and save more. Choose a bank account with more advantage of perks along with more interest. Don’t spend huge money for entertaining yourself. Spend less money on beverages drink and cigs if you smoke. Cutting down on holiday vacations also helps a lot. If you have a habit of getting into trouble with credit cards its a better choice to quit using a credit card except for emergencies. Last thing i would suggest is to always look ahead  Choosing a bank account to save your money is great but it got low interest. You only got around 6-7% per year and you need to put in a good amount to get bigger profit. And why dont you try to make some investment? You can get bigger profit rather than let them stayed in your bank. Although there is a risk through it but it is worth to try 6%-7%?! Tell me where to get it. Here, in the Netherlands, you can be glad when you have 1% interest on your bank savings now.. It really sucks, especially because we're obligated to pay tax about your income from interest (which is 1,2% of your savings..) and because of inflation. Investing is likely to lead to a bigger profit, but there's a bigger risk too. of course, every investment has risks, and how we choose the least risk and generate a lot of profit, necessary experience and thoroughness in this case Well i`m buying altcoins, they have very low price, if i lose i lose a few $, if i win i win thousands of thousands of dollars. Best risk/reward there is out there! What kind of alts are you investing at where you expect a rate of return of 1000%+?? you are saying you expect to go from a few $ to thousands of thousands... I don't remember many altcoins that gave such returns for such a small first investment. |
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To end the monopoly of USD, is like saying that US will not remain the most powerful nation of all. Whatever China and Russia do, they cannot run their economy just by doing business within themselves. They will always have to come to USD for improving their business relationships with other countries and to boost their economy. If China and Russia where to ally with Japan, they could create an amazing force. Japan has all the hi tech these 2 countries are lagging behind for years. It's a very unlikely situation tho, I don't see Japan becoming a fundamental ally with any of those. |
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So if you open core to only check your balance every week or so, so basically 10 minutes of the wallet being opened per week.. you are still contributing to the network? because I never leave it opened as it takes way too much resources, when im done I close it again.
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