One of the main ideas of using cryptocurrencies is to step away from traditional regulations in which fiat currencies are bound to, and people adhere to, in order to prevent the assets being seized and people being detained. By allowing your coins to be regulated, most especially the network in which it runs to, you are basically giving up your freedom to use those coins and let someone in 'authority' mandate you on what and what not to do with your coins. They can regulate the platforms built around bitcoin, but bitcoin itself won't and shouldn't be regulated.

I'm not really disappointed to what the recent updates on Google's search algorithm brought to most websites but man, Humble Bundle? That website is not publishing any click-baity articles and webpages with ads on literally every corner but just some games which are sold on low prices and with the proceeds going on to some charities. Anyway though, CCN hasn't brought anything that is a complete game-changer in the industry, and that's just my opinion. We know Google sorts their algorithms for better user experience and try to weed out those that seems to be shady or does not deserve to be on the top of the search pages at all.

If such a pattern exists, we would have broken a lot of encryption algorithms by now, but only a few have been broken thus far (SHA-1, among others).


The problem here is not reliant solely on the coder but the technology and hardware that we currently have today. Sure, a brilliant coder could have made an AI that is so advanced and self-learning that in time, would be able to do a lot of things. The question is, how would that AI continue learning if it is bound/limited by the hardware it runs on? Take note, the Moore's law has been somewhat dead, and with that said I don't think the rate to which we will have advancements on processing power is fast enough to beat/decipher the pub/priv key pairs through brute-forcing.


If an array of millions of highly-advanced processors cannot decipher this code you're referring to, how would an AI, or better yet a group of people come up with a solution? Not that I'm belittling the minds of our geniuses but again, current technology is lacking to do just that.



Yes, or we move on into another encryption algorithm which is exponentially better than what we had, by then.

No point somewhere in the whitepaper that bitcoin is created to be an equalizer for the rich and the poor, only a tool to help people be their own banks and a digital currency at best. If this is about equality, you must be on the wrong universe, my friend.


Nice try explaining this but honestly, Sally wouldn't be able to do what she wants to do in the long run if those 99 people left the gym and she has no one to play with. Having said that, in bitcoin, if someone went insane and has 51% of the hashing power and tried to fuck with the network, most people would surely dump before huge changes are made in the blockchain. By then, the 51% attack would be rendered useless because the coins are essentially worthless since everyone left.


Well at some point in time, some asshole had it, but decided not to because they know what the results of their action will be.


Exactly.

Perhaps I'd tell them to research the current trends in bitcoin ATMs and implement more security measures before an operator can set one. If they were to ban bitcoin ATMs due to the reason that it can be used for money laundering and other nefarious doings, tell them that even legitimate banks are being used for the same purpose every single day and no one seemed to bat an eye with that. Honestly, banning a single channel wouldn't do so much to prevent the problem of money laundering, and no solution ever will. Heck, even stricter KYC methods won't get anywhere for a well-planned money laundering scheme.

That is what most people believe in with regards to the model of block rewards bitcoin has. The market will eventually adjust, or the market value of bitcoin will continuously appreciate as block rewards continue decreasing. A basic working thought of supply and demand, but we all know that it's a bit more complicated than that so we are not entirely sure what will happen within the next 120+ years until the mining reward is completely exhausted and all that we have left are fees.


True, and we've seen the hash rate dropped when the rewards are not promising, and so people with larger facilities and more rigs tend to reap the benefits on the absence of most miners. Also, interest from the masses and companies are catching up, too, so there's that.

Bitcoin can never beat the US dollar in terms of usability, but I'm sure as hell that it already got the regulators and financial magnates thinking. Honestly, bitcoin shook down all the stereotypes the bankers and governments tagged it into, and it just keeps on giving and giving every time. It was a great all-around financial tool, but certainly lacking towards being controlled since that is what most countries needed their money to be in order to adjust depending on the current economic situation. The USD and its fiat companions are excellent at that, though it also brought many problems alongside it.

Even in large, regulated markets, this has happened for sure. It's just that for bitcoin and other cryptocurrencies, it's so easy to do this knowing that exchanges do not really care about large orders such as this when they occur as long as they are getting the trade fees in their pocket. Also, IIRC the reason for the drop and the transfer of the bitcoins was not really related at all, for the huge transfer was later found out to be just someone trying to move funds from A to B and not really liquidating it. But the point still stands though: as long as exchanges allow such events to happen, unexpected pumps and dumps would surely be seen from time to time.

No one owns the market in its entirety, but perhaps there are some forces who controls the majority of the market movement that everyone of us here follows. These are the whales, and we all know how this current trend started: a simultaneous buy of thousands of bitcoins across several exchanges that happened on the first of April, and up until now we can see the effects of that single pivotal move. Also, the previous huge sell in the market also saw us drooping down sub-$8000 ranges from a high of $8700 just a few weeks ago, and again it's just a single chunk from a single entity.

They don't own the market, but they sure as hell control it with their own hands.

The scene would grow, and the interest regarding cryptocurrencies would not dwindle knowing that India is one of the largest tech hubs in the world. Many people would surely continue their trading activities albeit on a discreet manner and on underground platforms. The government could prevent centralized exchanges from stepping foot into the country but decentralized and P2P exchanges would surely flourish. Hopefully then, we can see a fully-working DEX platform where each side of the market is satisfied.

If anything, I see innovations would sprout from the Indian crypto enthusiasts on how would they deal with such problem.

I'm sharing the same thoughts. Once the traditional stock markets collapse, the money has to go somewhere and the best bet everybody has on their list is either bitcoin or gold (or insert any other asset class in here). We all know that the bankers and financial magnates have already thought about this before anybody else does, and so the recent movement in gold is seen, probably due to some wealthy elites transferring their assets on the said precious metal in the mean time. 


A lot of investors are still considering the fact that bitcoin indeed carries high risks. In a time of uncertainty, it's extremely dangerous to hold a high risk asset because you'll never know when would everyone dump on you, so yeah, I'm still 50/50 on bitcoin and crypto receiving a huge amount of attention by the time the financial crisis happens.

I only see this progression on countries in which bitcoin development is very evident, but for places in which there is still little to no education for the said cryptocurrency, I don't think charitable institutions and churches would be going the route of digital currencies knowing that most of them are in need of fast cash in order to buy things for their cause, and most are kinda iffy on the idea of digital money. Christians do have something regarding a cashless society as somewhat a sign for the end of times. It's quite ironic that churches nowadays are accepting most donations through bank transfers (which is somewhat cashless) and becomes a business for most pastors, men of church etc.

For me it is sending huge amounts of money without being questioned by anyone. Before, I always receive email notifs from my bank if I made  a transfer from my account to another that somewhat interests them (a few thousand bucks lol). For bitcoin, this doesn't happen so faf and I can transact easily with my clients in a fast and efficient manner. Local exchange won't ask where the coins come from when it's time to convert and banks wouldn't ask where do you get your deposited money as long as you let them take care of your money. The flow is somewhat long but it helps you avoid painstaking verification process every time you want to make large tx.

Probably be the same thing: FOMO and speculation as there seems to be no other driving force for bitcoin to go beyond crazy levels. Manipulation is one factor but given that there are a lot exchanges and different platforms out there, manipulators can only do so much, perhaps inspire/trigger a FOMO effect and let the magic happen from that point forward.

Honestly I won't be mad if this time they attribute it to aliens but oh well..

Probably accepted their fate or could have been that the funds lost during the scam was vital for their operation. In all honesty, I haven't even heard of Ecomix up until now, This is bound to happen for low-volume services that couldn't attract new customers/users to their site: closure. Good thing this wasn't all about the regulation thingy that has been happening very recently that targeted mixers and just another case of a somewhat poorly maintained service that could have gone big had the operators put their heart and dedication into it.

Governments wouldn't want public records to be left hanging in the open as it could easily be tampered and used in a lot of nefarious ways possible. Perhaps they will seek a workaround for that once they integrated the blockchain in public service/record keeping (hopefully). As for point #10, I don't think those alone are enough to keep the community happy. Mind you, no matter how perfect the government is, the public would always find flaws and faults of the government just because.


So far I haven't seen my government provide a quality service even though the systems are already upgraded and equipment is also top notch and up-to-date. It highly depends on who sits on the public office at the end of the day and not technological advancements per se.

'Legally' is somewhat a vague term in today's standards. In the country I'm in for example, bitcoin is accepted by a few retailers and services as if it's a currency but the thing is there are no legal framework whatsoever pertaining to bitcoin and the scope of its use and its limits. Anyone can accept bitcoin anywhere in the world but that doesn't mean it's legal, and perhaps we're a long way from legalizing the said cryptocurrency across the globe knowing that there are still some countries that are still against it. The demand of its usage would be a key factor in getting things prepped up, and that, thankfully, is being done right now.

To be fair, predicting the trend of the current cycle and how long it will last is basically like astrology: pseudoscience using established patterns that people follow for guidance. Because of this collective approval of certain patterns in the market, most traders have the notion that x will happen because pattern x1 appeared, hence certain market movements are spotted for a period of time when a pattern is seen. TA for me is applicable for traditional markets as it already established its effects on that area, but for cryptocurrency? I don't think so.

Perhaps it will be as it will bypass KYC process and a painstaking creation of account and all those processes just to exchange apples to oranges. Also, knowing that this will be seamless, who wouldn't want to get what they wanted in just a few moments? In a fast-paced world where everyone seemed to be always chasing something, atomic swaps is a pretty neat idea that suits their needs. Anyways, the hardest part of this perhaps is starting. We all know that centralized exchanges already have the edge. LN Atomic Swap must generate enough hype, interest and users in order to go against centralized exchanges in the future.

Well I'm actually holding bitcoin for long, alongside gold and a few stocks in the local stock market scene. This might not be an ideal setup, but right now I am 50% bitcoin, 20% gold, 20% savings and 10% local stocks. I have increased my bitcoin holdings over time after profiting off of it, and basically just reinvesting it again and again until I make a decent stash. It worked well for the last 4 or so years that I am dealing with bitcoin, and sure enough it would be for the years to come.