You only have to read this part, " ...From now on, there's a slight slowdown, as the value increased by a factor ten every two years, to 1,000 dollar in 2015, to 10,000 in 2017, 100,000 in 2019, and 1,000,000 in 2021." to see that it is bullshit. He wrote this in Nov 2017 when the price were going to $19 000 and he thought it will go to $100 000 in 2019, which is not true.  I will surely eat my "Esc" key on my keyboard, if we reach $100 000 this year, but I sure doubt that this will happen very soon.  |
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Everyone have a choice to use a new system and more competent against asset that he had. Many countries banned bitcoin because the reason of anonymity which they always doubted to adopt, whereas till now they can track all transaction which is conducted by bitcoin user that is in his country, but they keep distrustful and reluctant to accept bitcoin. a fact that must be kept in mind when they give reasons for not accepting bitcoin.
So, if the aim for everyone not to use a mixer service just because they are afraid of their government do not accept bitcoin well, then I don't believe it is a mistake because until now the government is still not regulating it for the same reason. OP, thank you for has enlightened my thoughts to encourage me to use a mixer service because it is very useful.
Well, if you do not re-use the same Bitcoin address for all purchases and trades, then you should not have a problem and there are other options apart from Mixers to protect your financial privacy, but it might be more expensive. It is not to say that you should use Mixer services to circumvent government monitoring and surveillance, because they too have a obligation towards citizens to protect them from criminals and terrorists by monitoring transactions. The thing is, some corrupt governments with dictators should not have this information, because they can do more harm than good with that information.  |
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What if it was? We had the Dot Com Bubble and the Property Bubble a few years ago and look what happened. Most of the big companies bounced back after that bubble burst and they are back even stronger than they were before that bubble burst. Property prices are back to normal in most countries where the Property Bubble burst and it is once again a good investment tool. People should not see a "Bubble" as a bad thing, but rather a opportunity to make some good profits when others are greedy. Sure this is not 100% ethical, but this is how Stock markets and the financial system work.  |
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I will take a simple example that happened to me over this weekend. I went to my local Barber for a haircut and they are immigrants from Greece, working in another country. They were talking about MoneyGram and Western Union and how people get ripped off with high fees when they use these services. This immediately got my attention even though I was not part of the discussion. I simply asked them if they knew how cheap it is to send money to Greece with Bitcoin and this led to a question & answer session and quick training of almost 2 hours. I can now understand their frustration and they have a new way to transfer money to their country without hassles and at a fraction of the price that they are sending it via MoneyGram and Western Union. Oh, I did not have to pay for my haircut. |
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The face when you finally managed to hit the jackpot for once: This is classic and I bet you a lot of people have experienced the same thing before. I usually configure a auto bet configuration, but the added cost to add the jackpots will clean you out in a matter of minutes if you not careful. This is why I want Wetsuit to add a feature to separate your investment and gambling budget from your total bitcoins on the site. <To prevent you from accidently using those funds, but I guess he knows this happens and he has no problems with that.> |
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This is actually very good news, because a lot of merchants were hesitant to accept Crypto currency as payment, because the majority of the states in the US has regarded the technology as a commodity and not a currency.  We saw how this same decision has made Japan one of the most successful Crypto currency nations out there and I think this will draw a lot of innovation and new jobs and tourism to Wyoming now.  |
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The institutional investors are very cautious because most of those funds are from people's pension funds, so they do not have a huge portion invested in high risk investments like Crypto currencies. I also think a lot of things are currently being done behind the scene to simulate stability <A prolonged Bear market like this is not normal> As soon as institutional investors see a stable market, they will be willing to invest on a more regular basis. Things will change drastically when they enter this market with bags full of money. <Volatility wil go through the roof> |
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I agree. Do these shills even consider the fact that very large companies are invested in Crypto currencies? Coinbase are not simply going to pack up and leave, because the prices are low. It is very easy for people to lose confidence in Crypto currencies, when their primary motivation for being invested in Crypto currencies are only to make a profit. If you use bitcoins on a daily basis and you send money to relatives in other countries at virtually no fee and conduct ecommerce without having to share your credit card details, then you see what it really is all about. <Financial freedom is powerful> |
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Ruined his life? I think this is a teenage boy or young guy are sharing his best wetdream with people on Reddit. If you ask him for some proof, you will end up getting nothing, because it is all a figment of his imagination.
How many 27 year olds have $1.6MM to invest in Crypto currencies? If they did manage to accumelate this, then they should be very smart, so why would they waste it on hookers? <Oh, Wall Street are full of them... sorry!>
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I do not think it was intended to replace lawyers. It is just a smart technology to extend the payment options for Bitcoin users and to automate certain requirements before payments are done. You still have two parties that agree on these requirements and then one party configure this smart contract and the code handle the payment based on what was configured. I have yet to see any Bank offering such an automated payment feature to their client, without any intermediary. That is what makes it so smart. |
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The above mentioned Bock beer is distributed by a major brewing distributor and not a just a small craft beer brewery.
They must have made a typo when they chose that name, because "Block Beer" sounds so much better and it is also more applicable to the Blockchain connection. I hope they do international shipping, because I need to get me some cans as a collectors item. <I am a real Blockchain hoarder, from t-shirts to actual bitcoins> Call me a Bitcoin addict. |
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Imagine someone ask you what time is it, and you show him your watch saying : Balance BTC 18 BTC, time 12:12:12...
You make a very valid point here, this will surely make you a target for robbers and thieves and pick pockets, if they recognize these watches on the street. It is also easy to look over someone's shoulder when they enter the pin code to access the device. I guess the same can be done with wallets on your mobile phone, but a watch like this might be easier to recognize when they become more popular. A small fingerprint scanner could solve this problem or some kind of voice recognition. |
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These GovCoins <wannabe Bitcoin> will never be successful. What prevents a government like Iran to increase the coin cap in the protocol or some other parameter in the code that would devalue the coin? The reason why public coins like Bitcoin is successful is the fact that no government has control over the decision making and everything is done with consensus from the public. I would never trust a GovCoin that are backed by centralized decision making that are done by a rogue government. Just look at what happened with Zimbabwe and Venezuela when they are in control of money supply. |
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Do you simply want to hire a Bitcoin ATM from a existing Bitcoin ATM distributor or do you want to start manufacturing and distributing these Bitcoin ATMs yourself? You did say, " ….thinking about Starting My own bitcoin ATM company… " so I assume you want to go into manufacturing and distribution, right? The competition is tough in this industry and your competition already have a huge advantage over you, because they have built up a Brand and reputation in the market. |
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The VanEck ETF is back on the table buddy. They just withdraw it during the US Government shutdown, to prevent the SEC from rushing a decision and possibly getting a denial of the proposal. Now that the shutdown has ended, it was once again submitted and the SEC have once again 240 days to respond. <So we looking at September 2019 for a possible due date for the decision now.> I have a feeling that the decision will be done much sooner than September, because they had enough time to consider the previous application. |
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We are in a correction phase, what else did you expect? This phenomenon is not unique to Bitcoin, most stocks and commodities goes through similar cycles. Go back to the Dot com crash and the real estate market crash and you will see the same charts. We had a massive boom market in 2017 and every ATH will eventually need a correction phase and we are slap bang in the middle of one now. It takes a few years, but we will eventually recover like the real estate market and IT companies recovered. |
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bitcoin's killer app = p2p electronic cash.
that is the definition not the "killer app". a " killer application" is something that can prove the core value of bitcoin and help with the adoption of it. for example things like Open Bazaar can be considered a killer app in my opinion since it is proving the power of decentralization, having your own shop and being in full control of your finances without needing a bank and with no fraud such as charge backs that the traditional payment processors have. but since it is hard to use for regular users it has not yet done it. Yes, I think you are spot on with this nominee, just a pity Open Bazaar has not gone viral yet, then it would have been the ideal candidate for this award. Open Bazaar has gone up against giants like eBay and Amazon and it offered Bitcoiners a decentralized alternative that cannot be taken down. We need disruptive killer apps like this, that will take on the "David vs Goliath" fight and won and it must go viral. There can be more than one reward too, for example : The Killer Bitcoin App or Game of the Year / Most Innovative / The Most disruptive etc. |
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The younger generation might not worry about pension funds and saving for retirement, when they start working, because retirement is still something that will happen when they are 60 to 70 years old. Most of them are only concerned about the lack of money to fund their next party or night out. <Let them be like that, because it's a fun time in their life and they do not need to prioritize things like retirement worries, when they still have many years to plan for that.> Older people do not have that luxury of having enough time to start all over to fund for their retirement, so they worry more about these things. |
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bitcoin already has a killer app: it's the best form of money yet! i'm 100% serious. we don't need a new killer app. there's already so much innovation and adoption happening. adoption will snowball and go exponential again given enough time. the network effect builds on itself; we don't need to give users any more reason to use bitcoin. So I was thinking, why do we not crowd fund a reward that would be awarded to the most innovative Bitcoin Killer Application or Game of the Year? who is the authority giving out this award? who gets to make the decisions? maybe that's why we don't see this with bitcoin. altcoiners are heavily incentivized to pool (invest) resources centrally for marketing endeavors. they want to get rich quick by selling a product to future investors. the interests of bitcoin stakeholders are much, much more diverse---bitcoiners aren't just looking to get rich quick. so i think you'll find much less interest among them to donate their coins to an effort like this. I strongly disagree with you. Bitcoin need a strong network of use cases to survive. Most governments does not even accept Bitcoin as a currency, so jumping on that bandwagon and thinking that normal "payment" use will sustain Bitcoin in the long run, will be the start of it's demise. i guess we disagree about the purpose of bitcoin. i believe satoshi intended for it to be money. this idea doesn't require additional "use cases". it merely requires a network of users transacting with a scarce asset (bitcoins). based on metcalfe's law, the network becomes increasingly valuable as it onboards more and more users: https://en.wikipedia.org/wiki/Metcalfe's_lawthere's a reason why the whitepaper doesn't mention things like "games" or "smart contracts" or other "killer apps". those things can be built on top of bitcoin, but they are not essential at all. bitcoin's killer app = p2p electronic cash. I think we want the same thing. Yes, Bitcoin was originally designed to be a P2P payment option and adding services and games will just strengthen that purpose. You cannot have a currency without places to use those currencies or it will fail. I can have a bag full of dollar bills and no place to spend it and it will be just a bag full of worthless paper. A payment network needs two things to survive : People who use the coins to pay for something and having merchants and services like games and applications to spend it at. |
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The logic behind this makes no sense. Why would a Bear market influence the use on the DarkNet? Those people want a anonymous payment option and they are willing to pay for that option. Most of them do not even use Bitcoin, because Bitcoin is not 100% anonymous. A lot of them are using Monero and Zcash and Dash for this, because it is better for anonymous transactions like this. Source : https://bitcoinexchangeguide.com/top-privacy-coins-for-making-anonymous-cryptocurrency-payments/Another FUD article to bash Bitcoin. |
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