Bitcoin is broken because third parties continuously fail to secure their private keys and thus can't make good on their IOUs?
If you say so.
But I'm always curious the factor can make the third parties always fail to secure the private key?Whether is always there are a chance it's caused by hacked or other intentions from the intern factor. |
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I'm not, why? I dont have the funds to do so. Anyways, if I had the funds to buy btc, I still wouldnt do it.
Well for me even today is the good time to buy bitcoins today, I am not still going to buy bitcoins today even though the price is going to be low at all. Because I don't have enough budget for buying bitcoins too, but if you have enough funds then it is going to be a better choice for you. And you and he saying do not have an enough fund for buying btc and same still not going to buy bitcoins. but what are you doing to giving advice for another to buying bitcoin in this time? |
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i have no special plan but just holding my bitcoin for a long period.
the same for me, im just holding my bitcoins for a really long period of time right now, i hope that i will make really good money out of it The plan is to collect bitcoin on the signature campaign, trading, gambling, loan or lend BTC, and makes some investment as to increase of income of bitcoin. Keep saving my BTC until the price $1-2k or more and then sell it. So, waiting for a long period is the key for it. but my plan is to hold the bitcoin for a long time and hope that bitcoin will give me a good profit, i am not effecting form the present position of bitcoin as the price of bitcoin is falling rapidly, but as i have invested my fiat money in bitcoin for long term therefore i do not care for the price either it is falling or raising in present time. And guys? what happened in your "hold" now. when the price is crash now LMFAO Okay, it's not better to hold the bitcoin for now, but it's just for the people is worried about the situation has happened in this time, but like ETH before, they getting the same problem and the eth is still alive until now. |
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That's a shames. It was bound to happen soon. Let's hope they fix the breach soon. Possibly that it why BTC is falling too. The damage is already done. People sell because of the fear of all those bitcoins landing in the selling market. They obviously will fix the breach, but the loss is so big, that they will likely not continue to offer the exchange. And the panic effect for the bitcoin users it's will very hard to healing that. and the loss is enough to make some people feeling stressed about that. there so many loss we get from that cases. and that is just a one can make a big damage like this. |
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But I very curious to hear opinions from some people in here, and in this time about the bitfinex cases the price of bitcoin is dropping drastically and whether the people is still wanna to receiving their payment or salary into BTC form?  |
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Hey guys I am planning to put some info about Bitcoin in my school’s paper. Here is the script. Please provide feedback. Thanks. Bitcoin – A New Era Have you ever wondered about a world where you could bank without banks? A world where your private transactions are public? A world where you could send transactions internationally in a peer-to-peer situation without going through a third party like a bank? It sounds crazy but that is what Satoshi Nakamoto created in the January of 2009. He created Bitcoin. Bitcoins are the first decentralised digital coins that can be sent via the internet. This means that it has “no central control, no central private vault of information, no central management, and most importantly, no central point of failure”. Bitcoin is controlled by the people who use it. Everything in bitcoin is public. This is contrasted with the centralised system of third party verifications such as banks or clearing houses. Bitcoin is shaking the foundations of the society in which most people live in today. It is a new, technology that can change the world. Compared to other alternatives such as fiat, which is the currency that has been approved by a government tender, bitcoin has advantages on many levels. These advantages all rely on Bitcoin’s central philosophy of decentralisation. Bitcoin proposes a form of peer to peer transactions, which means that we are ditching banks for good. In the centralised world, banks have control over transactions. They charge payment for verifying the validity of such transactions. As there are no banks in the case of Bitcoin, it means that business fees are much lower, we can use Bitcoin internationally and that your wallet can never be frozen. Let’s look into how these Bitcoins work. There are many currency exchanges in which people can sell or buy Bitcoin for dollars, euros, pounds and more. Obviously, as each currency has different values, the price of Bitcoin is dependant on the currency used. All your Bitcoin are stored in your wallet on your phones, computers, the internet or other devices. Sending transactions to other accounts is as easy as handing money over the counter and anything in the world can be bought with Bitcoin. These networks of Bitcoin transactions are secured by people called miners who are rewarded with newly created Bitcoin in relation to the number of transactions verified. Now you may think that this is the same as banks, but the fact is that banks charge you for approving transactions, whereas miners are rewarded for transactions. In a sense, Bitcoin depends on transactions. Once these transactions are verified they are placed in a publicly stored Ledger called the Blockchain. Here, all the verified transactions can be viewed. Bitcoins complex technology is revolutionising our current society. It will minimise fees charged by businesses, it is free to create a wallet and start using them and there are no chargebacks. All in all, Bitcoin provides advantages for everyone. To get more information visit bitcointalk.org/index.php?board=1.0 . Banking is necessary, but Banks are not. Waiting for feedback.  It's a good idea , can giving a more knowledge about the technology for them and education, but if you wanna to introducing the bitcoin into the students i think this not a good moment for that. but before sign in into newspaper school better to asking about the permission from the teacher or guide. and talking about the content in the article. |
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i dont not believe on bitcoin for living. it will be the worst decision if some one believe on bitcoin for earning
I think it is really possible to make that much profit right now, The price is going down and this is a good moment to buying and holding the bitcoin? and big trading site getting hacked and more than 115,000 btc is stolen and this is the effect from that cases. |
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i think is now yobit can't accepted new participans
yobit not availaible and closed to new paticipans
several day much people in the thread yobit complain can not register again in yobit signature campaign
That's right, but the yobit or hillarious is not updating about a new rules or things. and I wish it's can updated in here. for reference https://bitcointalk.org/index.php?topic=1036113.5560 |
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One question though. What else does Western Union provide than sending money? I cant think of anyhing else than that. So if this bitcoin will live a longer lifr and people trusted it I am surr for the WU fall.
Okay, that's a great question. but in my minds, the answer to your question just "nothing provide another rather than sending and receiving money" because the WU is made for the online transaction. and not like bitcoin with multiple usefulness in one time. |
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The price will increase during the next winter.I`m pretty sure about that. The price decrease is frustrating,but bitcoin isn`t crashing. People here should stop with those panic threads. Please read the previous post, dude. are you just trump up. behind the topic is made by op there is some answer is very useful for another people. it's not making people become a panic but it's giving a more explained about the things is happened with bitcoin for now. |
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My worst decision is buying bitcoin at the price in $700 and selling in $650 maybe it's not a big amount just .3 btc but for me is the very high amount. well, i never wanna buying bitcoin if the price of bitcoin is more than $600. and I selling caused by obliged about the urgent needs .  |
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I doubt I will just let the coins sit in a paper wallet for too long if there is no movement in the price of Bitcoin. After all it takes money to make more money.
You are right. Holding is not the only way to make money in bitcoin. If you just look around, you will find a lot of opportunity that can make you more bitcoins. Just holdings are not recommended way you can try in this time if you have a chance to working your BTC maybe better for you to grow your BTC because the price of bitcoin currently is stabilizing for now and just there are a little chance to growing like many times before. |
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I think this two have their own ways of dealing for people. One is for an online money and the other for just physical trades. With the two inside society everything will be faster.
That is true both are different, that is why we can not compare that two. crypto currency is without physical appearance like fiat that we can hold and kept it in our pocket and spend any time we want. In the first interest of the people is creating cryptocurrency, is using that to assisting the fiat currency because it's not possible for using the fiat currency in the digital transaction,so does we can compare the boss and the assistant?  |
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I would like to see a state adopt btc as a national currency. When the world sees that working, then things will change.
you right that bitcoin use as national currency but its totally impossible because any country never use bitcoin instead his own currency . of course. but even those countries that accept bitcoin as their currency don't use bitcoin totally in their economy, they will still give many benefits for bitcoiners. for instance: bitcoiners can use their bitcoin to buy stuff in their country. so I think it's a good future. Never thinking about the government will using bitcoin for totally in their economy, because bitcoin is made for assisting the main currency like fiat, but for the acceptable of bitcoin in their country it's stunted by the rules of government "just admitting the currency having a real form" |
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My plan to get rich in bitcoin his just to gather a lot of bitcoin for myself then leave in my wallet until bitcoin becomes $10k/btc and I will exchange all of it for my local currency
And until when you will wait for? I never expect about your statement, maybe until a lot of people in here is dead the price will impossible to reached $10k/btc, it looks like a miracle for me. |
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Perhaps the network is not as decentralized as many think, I believe that one of the main problems for the decentralization of Bitcoin is that more than seventy percent of the mining power is concentrated in Chinese territory, with low number of mining pools with most of the haspower.
As long as there are whales that can manage to control bitcoin's price, bitcoin will never be a decentralize currency. But at the same time this pump is good for people that doing a trade as their daily income. When the market cap of the bitcoin is over 10 trillion dollars, it will be more difficult to manipulate the price. i think that it is impossible that china is controlling bitcoin right now Maybe it impossible for china to controlling bitcoin but looking at some information about the domination of china miners in bitcoin can giving a large of impact for bitcoin and I can call it can controlling bitcoin from the role. |
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of course bitcoin is used for illegal stuff, we cannot do anything about so i dont worry about it
and that is really not a bit problem because illegal activities might be done in all kind of currencies and not only in bitcoin. if we think about the Dolllar i think still dollar will be use for most of the illegal activities, therefore i there is no worries about this and that part of every society and not only bitcoin is responsible for that. All of your statement is always possible to have happened in every time, And the problem of here is bitcoin getting blamed by some people is think the bitcoin as a triggers an illegal activity and they're very very wrong at this, you're right another currency giving a chance using for illegal activity. but sometimes the criminal it no needs a currency for doing their criminal activity but just exchange their personal service into illegal goods it's can be. a many people having little thinks always know to blaming a one party and not seeing about the role and chance of another party. |
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It looks like Yobit signature campaign isn't accepting new members anymore. But until now we didn't had any official announcement from Yobit or signature campaign manager hilariousandco.
What is the message given when someone tries to enroll the signature campaign? People are reporting that the message "New accs not accepted" is displayed, and the last member to report is a full member. So there is a good possibility that it has ended, but no official announcement from Yobit thus far. Didn't see any messages of people mentioning they have joined the campaign since then either - and there were usually one or two of those per day, I just heard about this information on this day, and the minimum level requirement for joining in yobit is upgrading into full member? But it's good in my minds to decrease the chance for a spammer to join with yobit and healing their reputation in this forum. |
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Hey guys I'm not sure if this is the right place so please tell me if it is not. With that out of the way, I have a question for you all. I have recently been able to gather about .5 btc through minor trading and I was wondering if there was any method or way to grow this btc into a larger amount safely and fairly quickly. Thanks!
You can invest bitcoin you have to buy gold in the real world. gold investment is much better and also safe. gold is now more accepted by society. very easy to sell gold wherever you are. Trading is one of the best thing you can do because its easy and its very and I mean very profitable if you are doing it with a good strategy, if you do not have a good plan you will fail as trader without any doubts. yeah everyone suggest trading is the best way to grow, because I see the growth altcoin were so good. but it needs a bit of an expert to benefit much from trade. The price of bitcoin goes both up and down over time. You should be expert in trade that you should therefore consider looking at ways to make a profit from a falling bitcoin price as well as increase in value. Buying at a low price to sell for a higher price is the easiest way to earn profit. It's needs patience and that's all to it. No real skills required since you only have to find an appropriate time to buy. Ok, in this cases you said if the skill is not having a dominance with a luck and in another case, some people said in trading not needs a luck but having skill is more important and I feeling confused, which the best answer for this problem. |
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several country is ready about regulated bitcoin example is japan china
even the American was already regulation of bitcoin
but not all country is regulated bitcoin because bitcoin is anonymous
not founder not owner not company
In this certain country japan,america and china might did this action to prevent using bitcoin in money fraud and some country decided not to legalized this because of the same reason but it would be harder for them monitor because they didnt adopt this one It's difficult to prevent the money fraud because if you wanna to prevent the bitcoin in the fraud money it's possible if you change the basic structure of bitcoin system and eliminating the anonymity of bitcoin. but if you can't just wish for the people is no ever to using this currency for money fraud. |
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