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Incentive why? Someone travels from Eurozone country to USA then to China, then to UK and back to his country. How many conversions? How many fiat money did he lose ? Let speak about average Joe who lives is a european country and go to take a cup of coffee with bitcoin wallet. The cafe owner happily accepts his bitcoin and after 2 working days he will see the corresponding money to his bank account. Why cafe owner is happy? Because if Joe was buying his coffee with Visa debit card the cafe owner would have to pay 3% to the bank except all maintenance cost every month (say POS). Then a friend of Joe wants to buy a new laptop from an e-shop but he is a scammer. He buys his laptop using his PayPal account and after 1 month he opens a dispute and asks the charge back policy. So I would like to ask. Do we need an incentive or we need to inform people about pros and cons of bitcoin?
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There are so many sites anybody can play so why somebody could choose yours? I tried to use it but is very difficult and google translator does not help when someone deposits his money. I show your posts but I didn't find anything to advertise your site in local (Chinese) sub-forum. I believe there is a logical explanation about that (please, no offense).
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I really don't know what was the possible reason why bitcoin is not yet supported in some countries but maybe of course because it is decentralized the government cannot be able to impose a tax on it I think that was the common reason and a common opinion given when there's almost the same question like this .
No it's not. Assuming that you own something from gold, even a gold coin. Government does not impose tax on this because is an asset. Governments are come from political parties where (political parties) supported financially from banks. If banks have reduced revenue or even break down who will financially support political parties? Moreover people are manipulated according their fiat money. That means there are countries where their governments 'haircut' the savings of their citizens due to distressed banks. Therefore is easy anyone to understand that, reasons most countries don't support bitcoin are deeper than the imposition of tax. |
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In my opinion exchanges should follow or copy policies following from banks. I am pretty sure hackers have stolen funds from banks but the latter (of course) does not make any announcement. So a predefined amount must be given to any customer in case of hacking. Secondly, I don't know if is possible to make contracts with any insurance company. Lastly very strict selection of their employees. Most of the hack problems are due to careless or over confident or crooks employees. It is almost impossible to avoid hacking. So, at least, let's restrict the loss.
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Most of us we cannot understand how huge is the population of India and China today and we are looking only the percent rates. Therefore, easy we can find today population in China is about 1,382 bn and India is 1,335 bn according to http://countrymeters.info/. So as a member of the forum above told about 1.5 % its a very big percent of bitcoin users worldwide. Hence OPs prediction is not representative because he is taking under consideration only the population of Nepal. |
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Assuming that today is Dec 30 2036. People they will use their credit/debit cards to buy/sell their goods and services or their smartphones. A small amount (equal to 5 Euro) of fiat (paper) money will be circulate in the world in case we need something like as a cup of coffee or a snack and there is not internet access. Bitcoin as the pioneer of cryptocurrencies will be world wide accepted like the strong fiat currencies and will be the most cheap and easy way as a payment system in all online transactions.
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I just started about bit coin and I don't how to earn money from .I will try and try to know it.
you can earn on bitcoin by trading but trading its risky you need to understand how it works , you can claim on faucets in order to get satoshis , last you wanna join sig campaign. Faucets is the only way for most people to learn practically some things about bitcoin and blockchain transactions but not to earn. When someone wants to spend faucet earnings network considers it as dust and discourages him asking fees. A better way is joining in signatures campaign and if he has the knowledge and is he is willing to take a risk can deal with trading. The worst case scenario is to involve with any kind of "investments" that is ponzi schemes. |
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I confirm that I received 1mBtc award in my bitkan wallet. Thank you
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From my personal experience I have a different perspective. Why not learn from Princeton university? Using the educational platform of Coursera you can enroll in "Bitcoin and Cryptocurrency Technologies".You can see the videos at your own pace and follow the projects if you like. This time is currently open and this is the link https://www.coursera.org/. After registration you can enroll in the above coursework |
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Hello Forum
are there studies/surveys about Bitcoin-users? If possible structured in:
- age
- profession
- country
Thank you very much!
Joe
It's so hard to know, not exactly but with many assumptions how many are bitcoin users on a global scale that is impossible to know all these you are asking. If there is ever a researcher could conduct such a survey would probably become rich overnight because there are people and organizations, eg banks, willing to pay a lot of money for a valid and thorough study. |
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I don't know your knowledge and your age but if you really wish to learn many things about bitcoin from the start in a very well structured online lessons why not join in Coursera? After subscription you can enroll in "Bitcoin and Cryptocurrency Technologies" from Princeton University. This MOOC is open currently
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Bitcoin globalization? You meant mass adoption? Nope. I don't think that will be occurring soon. We're still below 1% of the world's population. We're far from what you're thinking.
I guess we are well below even 0.1% of world population Just below 1% could amount to some 70 million people, and that would be a whole country like Germany (somewhat above that figure) or France (somewhat below). It seems there are only half a million people actively using Bitcoin on a daily basis. This is a tiny number which could be discouraging but just like a half-empty glass is also half-full at the same time, the small Bitcoin populace shows as well how much room is there for further adoption. And how high the price might surge if this free space gets filled with new bitcoiners According this super optimistic prediction http://www.coindesk.com/2016-bitcoin-challenge-100-million-users/ that bitcoin users would be 100 million in the end of 2016 will not come true. The only thing which is real is that transactions per day now are about 40% more than the same day 1 year ago. |
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From my point of view it depends of fiat form. When we say fiat we don't mean only paper money but we mean and plastic money (credit/debit cards) and web banking money. Governments and banks care about a cashless world, they don't want people to have money under their mattresses because they want to control people's money. Hence when people conform with new way of transactions is not difficult learn to use cryptocurrencies.
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Journalists not interested in bitcoin and cryptocurrencies. They are only interested about anything that will bring advertising that is money for their channel or newspaper they work. Also, what they care is the reputation around their name. So if tomorrow morning there is announcement about a the very promising trash-coin which will bring fame and money for them and his/her employer they will take care and they will write many articles, with no hesitation, about this non-existent coin.
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A good broker with small service fee and good exchange rate is coinbase but follows strange practices (there are many complaints that is tracking how users spend their coins). I was surprised when I read from Shorena that localbitcoins does not operate anymore in Germany. Maybe you could use the trading platform of Paxful but I can't say anything because I have not give it a try. Take a look here https://99bitcoins.com/review-paxful-vs-local-bitcoins/ |
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Whats the best and safest bitcoin investment. Where small bitcoin investment yeilds large amount of bitcoins. Is there any one?? Please don't suggest any fake one
Investment and safe are two words don't match each other. A general answer in your question is: the same investments anyone can join with fiat money. If you know and you are pretty sure that they are not scammers about any investment I would be happy if you share it with us. As concerns your second question, where few bitcoin investment yields big returns I would only say everywhere with a very big risk. |
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People like to keep money in their wallets. If you are from the older generation you should know the difference between handing someone a bill and a plastic card. Money is still treated differently. You can wave your card in public all you want and noone will notice, but start waving some Franklins and all eyes are on you. I'm sure I'll be long dead before the world stops using paper money.
It is quite sure that in the nearby future will live in a cashless world. Governments they impose laws initially το restrict and then to completely ban the circulation of paper money. From my point of view next years people will do their transactions mainly with cards and mobile or web banking. Small value notes will be in circulation so as older people learn the new payment system. I suppose that next or after next generation people will use only digital coins in every day transactions. |
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Bitcoin has gone very well with a market capitalisation of 15billion usd. until now. But i think fiat-money system owners or say the big players in the sytem doesn't consider (and it is not yet) bitcoin a threat to the ongoing system since it is measured by trillions of dollars. What if they start considering bitcoin a threat and say inject 100 million usd. to buy bitcoin at the market with the market price then begin to put it back with 10%-20% lower for some time.Will the price collapse in just a few days or demand rise enough to absorb the injected money?
Someone with that kind of money and influence will just make a law and simply ban bitcoin, it will be much more effective and cheaper. What ayrton55 said, banks do not have feelings about fiat money. They have only the profit in their mind. So banks decide to buy/sell thousand of bitcoins according the market trend and the possible profit. What pedrog said, whenever a restriction or prohibition applied in the world has exactly the opposite effect. This human behavior is well - known to governments and the banks. Till now they reiterate that bitcoin is used for illegal activities and they silence when fiat is used for the same purpose. |
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Generally speaking halving is good for all bitcoin community. Firstly for bitcoin users or holders in order to use it as commodity because it is not inflationary as fiat money. In addition people usually compare bitcoin with gold because of main gold characteristics, that is scarcity and difficulty in mining. From my point of view without halving we would not have the sky rocket price of bitcoin these days
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There is not fortuitous that bitcoin is described as digital gold in our days. It is a global currency that has proved resistant to attacks It is not inflationary like as fiat due to strictly predefined number of bitcoins will be mined. Not controlled by any government.
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