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81  Bitcoin / Bitcoin Discussion / Re: CHILD PORNOGRAPHY IN BITCOIN on: July 06, 2018, 03:14:01 AM
Bitcoin could become illegal in all countries that bans child pornography after discovering this: https://www.sciencealert.com/bitcoin-illegal-almost-everywhere-after-shocking-blockchain-discovery-child-pornography

What can you say about it?
Only less than one percent that bitcoin envolve in illegal activity this is only an isolated case that is spread by some institution perhaps the government that feels insecure against bitcoin.
82  Bitcoin / Bitcoin Discussion / Re: Time to stop using Bitcoin as a form of investment and start using it as payment on: July 05, 2018, 04:57:51 AM
Listen to me.

Look I know we are a free community, but come on don't you think the price has become so volatile during the past few months just because people started using it as a form of investment. I've seen people buy in low, in hopes of selling it at high, and that's basically pump and dump.

Bitcoin wasn't created to make us rich over night but was created so we could have control over our money and not the bankers. It was created so we could be free, so there won't be any borders telling us we are different from them so we can't trade with them. To be united, but all I see are people only talking about how much profit they've made, not about how it can help people that don't have access to banks(they do but it's a minority).

We live in a society where we take everything for granted, just like we've taken Bitcoin for granted. We don't deserve it. The ones that deserve it don't have access to it.

At the end of the day we become savages and only think about the profit not the good that it can do for us, instead of making us rich.

Yes, I was introduced to it because of the investment, but I was a fool at that time, I couldn't see the bigger picture.

We are a community created for the people, by the people.

(P.S. If you don't see Bitcoin as investment, then be proud of it, and hope it can help us be united, for it's all that we have left against them)
But remember also that bitcoin also design as an asset or an investment perhaps there are only a little of numbers of merchants that accepted bitcoin as a form of payment, a large volume of bitcoin circulated is in exchange.
83  Other / Beginners & Help / Re: Can a blockchain system be destroyed? on: July 04, 2018, 02:01:21 AM
Can a blockchain system be destroyed?
How? the blockchain is scaleable a wide variety of usage maybe bitcoin and cryptocurrency won't last but the technology behind cryptocurrency will continue and will be developed
84  Bitcoin / Bitcoin Discussion / Re: Why do people need to use Bitcoin for Money laundering? on: July 04, 2018, 01:44:32 AM
Between 2004 and 2010, HSBC laundered Billions of Dollars for the Mexican Drug cartels and nobody blinked an eye. After

7 years of doing this, they got busted and they paid US$1.9bn in fines. {This could be recovered in profits, within a few

weeks} Most people saw this as a slap on the wrist for the people who were involved with this. Not one person working for the

Bank got jail time for doing this.  Roll Eyes  https://observer.news/featured/5-years-ago-hsbc-fined-record-us1-9bn/

Ross Ulbricht, was sentenced to life in prison without parole for creating and running Silk Road, which allegedly facilitated

the sale of $250 million worth of drugs.

                                    Why are we seeing such double standards, when Bitcoin is involved?

Money laundering, drug cartel, finance of terrorist, etc., all these things are a black propaganda against bitcoin well-organized criminals don't use bitcoin or accept bitcoin because they cant convert it to cash easily.
85  Bitcoin / Bitcoin Discussion / Re: Facebook unbans crypto ads? Are they planning to launch their own crypto? on: July 03, 2018, 09:27:34 AM
Facebook conditionally unbans crypto ads except ICOs but are not letting crypto post to boost, Cointelegraph.
Are they planning to launch their own crpto messenger app?
facebook banned only bitcoin ads but not the altcoin I don't think that Facebook is running an ICO because they will not interested in the blockchain technology.
86  Economy / Currency exchange / Re: Want to buy 10 Btc in INDIA on: July 03, 2018, 09:04:16 AM
I want to buy 10 Btc but as of now so many regulations are coming in INDIA. so is it safe to do the transaction from my bank account? Or I should opt any other method? and which exchange is the most reliable?
Just be careful in doing the transaction if you're going to transact with P2P if coinbase is open in your country is better to buy bitcoin in coinbase.
87  Bitcoin / Bitcoin Discussion / Re: What if Government bans Bitcoins? on: July 02, 2018, 03:31:13 AM
Looking at the decentralized nature of crypto-currencies,Wonder if govt bans Bitcoins in future??Is it possible let's say by blocking all sites which relate to Bitcoin wallets/payments etc over the internet.In that case what would happen to our existing coins held in those wallets??
I don't think that authority will spend a lot of money to block bitcoin in all sites in order to have totally banned in bitcoin. but some other investor and government itself show interest in blockchain technology.
88  Bitcoin / Bitcoin Discussion / Re: Why Bitcoin isn't a legit currency. on: July 02, 2018, 02:08:12 AM
The first purchase using bitcoins was in 2009 when someone bought 2 pizzas for 10,000 bitcoins. Today, that would be worth $83,746,850. Many people have started to use Bitcoin and it is now the most popular cryptocurrency in the world. Many countries whose currencies have become hyperinflated have thought about switching their national currency to Bitcoin. For something to be classified as money, it needs to be a good unit of account, medium of exchange, and store of value. Since Bitcoin has become extremely popular, I wanted to explain to investors and Bitcoin users that Bitcoin isn't a legit currency. The main three reasons why Bitcoin isn't a legit currency is because it is a poor unit of account, medium of exchange, and store of value.
   One of the big three parts of a currency is that it is a good unit of account. For something to be a unit of account, people have to be able to compare its price to the prices of alternative retail goods. Since the value of a bitcoin changes so much, it would be hard and confusing for both the consumer and the seller to recalculate the prices every day. “Because the value of a bitcoin compared to other currencies changes greatly on a day-to-day basis, retailers that accept the currency have to recalculate prices very frequently, a practice that would be costly to the merchant and confusing to the consumer.” This quote from David Yermack’s article Is Bitcoin a Real Currency? An Economic Appraisal Bitcoin shows why Bitcoin isn't a good unit of account. That is one reason why Bitcoin can't be a form of currency and why Bitcoin isn't a legit currency.
   The second part of something that is classified as a currency is that it is a medium of exchange. A medium of exchange is an intermediary instrument used to facilitate the sale, purchase or trade of goods. Since bitcoin doesn't have any intrinsic value, so its worth is held up by its usefulness as a currency in the consumer economy. The Youtube video “Why Do Banks Fear Bitcoin” by VisionVictory explains that there is a set amount of Bitcoins and by the year 2140, there will be a total of 21 million bitcoins. Miners have already mined 11.9 million of them, and this means that there is only 9.1 million left. Once all of it is mined, there won’t be any more left to be mined. Dollar bills can be printed by the U.S. government if they were needed. Some more reasons why Bitcoins isn't a good medium of exchange are that Bitcoins transactions each take around 10 minutes each, which is very slow compared to using a credit or debit card, which takes a few seconds. Also, Bitcoin transactions can cost around $20, which is extremely expensive. Because of all of these reasons, Bitcoin can't be a good medium of exchange, which is very important if it were to be a legit currency.
   The third and final part of a currency is that it has to be a good store of value. A store of value means that the function of an asset that can be saved, retrieved and exchanged at a later time. In the long podcast on Youtube by Paul Vigna & Michael Casey: ‘The Age of Cryptocurrency’, they explain what a decentralized currency is. Bitcoin is an atrocious store of value and one of the reasons why is because of its constant hacking attacks and other security problems. This is mostly because Bitcoin is decentralized, which means that there is no central authority that can stop any Bitcoin transaction or any hacking attempts. One of the reasons why Bitcoin is so popular is because people can stay anonymous and make transactions without people knowing who they are. The downside of using a decentralized currency is that people can do illegal things anonymously and get away with it. And also, Bitcoin’s exchange rate has no correlation at all with any other big currencies like the Dollar, Euro, and Yen. This makes Bitcoin extremely risky to use because it is tethered to any other currencies so its’ value would change constantly. This shows how terrible of a store of value Bitcoin is and why it cannot be a legit currency.
   Tons of people are jumping on the “Bitcoin Bandwagon” without doing their own research on it, and they’re going to lose a lot of time and money because of this. They need to realize that Bitcoin is not a legit currency because it fails to be a unit of account, medium of exchange, and a store of value.



there is some country who already accepted bitcoin as a legitimate currency but in general, bitcoin is not yet a legitimate currency because of bitcoin design is as autonomous and anonymity.
89  Bitcoin / Bitcoin Discussion / Re: Will bitcoin Die because of global Regulations? on: July 01, 2018, 12:47:58 PM
Frist China want to ban all the foreign exchanges in their country.
https://www.ccn.com/china-looks-ban-centralized-cryptocurrency-trading-reports/

then France Creates Working Group for Cryptocurrency Regulation
https://cointelegraph.com/news/just-one-person-found-to-have-caused-bitcoins-jump-from-150-to-1000-in-2013

then German Central Bank Director: Crypto Regulations Must Be International
https://cointelegraph.com/news/german-central-bank-director-crypto-regulations-must-be-international

Also India already setup a board for crypto regulation.

What is happening all over the world?Something whats soul purpose is to be decentralized will eventually be centralized?

How much do you think a global regulation on crypto will affect the overall market in this year?


without regulation bitcoin has already existed without government bitcoin exist because bitcoin is autonomous ananimous .     
90  Bitcoin / Bitcoin Discussion / Re: How can a goverment trace you have BTC? on: July 01, 2018, 11:22:32 AM
How can the government discover I own BTC, let's say I'm from Venezuela where crypto is banned, what they can do to discover and arrest me?
there is no way that government will find your bitcoin if you hold your bitcoin with your wallet you and you alone can access your wallet with your private key.
91  Alternate cryptocurrencies / Bounties (Altcoins) / Re: [AIRDROP] GUARIUM - 500 TOKEN FOR EACH PARTICIPANT on: June 30, 2018, 09:18:24 AM




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92  Bitcoin / Bitcoin Discussion / Re: Bitcoin is it the Future of Banking ? on: June 30, 2018, 07:57:52 AM
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
there is a big possibility that bitcoin will replace money  in all the transaction I believe that bitcoin  and cryptocurrency will be the future currency
93  Bitcoin / Bitcoin Discussion / Re: $300 million transferred for 4 cents in fees! on: June 30, 2018, 07:29:04 AM
Have a look at this transaction: https://www.blockchain.com/btc/tx/39afcad6c4d0713ed291014315c4dcf2d81334275218c28fd354af45b7395c61.

$300 million transferred, fees of $0.04, confirmation in 4 minutes.

Now imagine the hoops you would have to jump through to transfer $300 million in fiat, the days of delays, the fees, the people you would have to discuss it with first, etc.
Thats is blockchain technology works Fast and easy this also why the authority has doubt in cryptocurrency and bitcoin because of money laundering.
94  Bitcoin / Bitcoin Discussion / Re: How do we change the public's view of Crypto world? on: June 29, 2018, 03:03:35 AM
Guys we are very much aware how the crypto community through this great forum has helped most of us in terms of our finances but is so heartbreaking that the most of the public views only describes how insecure and unsafe the crypto community is. I do understand that cryptocurrencies are volatile and the issue of anonymity sometimes scares people away but y'all bear with me that if  crypto is explained to you and you really understand it properly you would not make wrong mistakes and get swayed away by panic sales or submit your private key as ethereum wallet address. Is it a public campaign or some other form of tutorial that we should organize to help explain crypto to the world because believe it or not the blockchain technology of cryptocurrencies is being admired by most organizations and some of them have decided to run their operations with the use of blockchain technology. What can we do as a community to help change the public view of Crypto?
I will advise them to take more research about bitcoin and cryptocurrency before you get involved. I used all my social media account to educate all of those who are connected to my account in this way they will know about bitcoin and cryptocurrency.
95  Bitcoin / Bitcoin Discussion / Re: What Can Be Done To Make Government Legalize Bitcoin on: June 28, 2018, 08:13:21 AM
Is no longer news that various countries of the world are not in support of Bitcoin either as a means of payments or for trading purpose. This are been a challenges most Bitcoin users are facing throughout the countries of the world inexception of few countries.

I have begin to see it that maybe they are thinking that adoptions of Bitcoin might bring a partial collapse of the banking system and also a means of curbing money laundering.
So, let hear your views on what can be done to make our government realised the important of Bitcoin and Blockchain Technology.
We are lucky that our government is underway to legalize bitcoin and cryptocurrency maybe in the near future global mass adoption of bitcoin and cryptocurrency will occur.
96  Bitcoin / Bitcoin Discussion / Re: Bitcoin in business industry on: June 28, 2018, 07:57:16 AM
I am wondering if there's a huge probability of bitcoin investing will become a company's focus. Like making a company that specializes investing of bitcoins

Any thoughts? Smiley
Investing in bitcoin will be company focus? I think for now the answer is no, but for every individual yes. The company doesn't gamble on bitcoin because bitcoin is very volatile.
97  Bitcoin / Bitcoin Discussion / Re: When you think of currency what will come to your mind? on: June 27, 2018, 04:16:23 AM
this was actually a very huge positive news that came out a couple of days ago. this goes to show how much manipulation is keeping the bitcoin price down despite all these positive news.
if this came out any other time when the manipulators weren't active then price could have risen at least 40% because of it. this is practically one of the biggest recognition that bitcoin could get as a currency.
I totally agree with your point of view, bitcoin really earned a huge popularity of what IMF posted about the evolution of currency and they include bitcoin.
98  Economy / Speculation / Re: Bitcoin - future money or big casino on: June 27, 2018, 04:03:20 AM
I know that when we invest in bitcoin and crypto market, people always trust and have knowledge about this market. But everyone's knowledge is always limited, it can be true or false. At a times I absolutely believe in bitcoin and sometimes I'm skeptical about it.
My skepticism as well as my purpose, it also change day by day. Whether Bitcoin will be the future of money or just a financial game, a huge casino, where the whales always win. I don't know...............
Bitcoin is made as almost as money in terms of the store of value, the medium of exchange and facilitate the transaction so, therefore, bitcoin is designed as a currency it is up to the holder in where to spend on it.
99  Bitcoin / Bitcoin Discussion / Re: Will banks ever offer bitcoin deposits? on: June 27, 2018, 03:09:56 AM
We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.
Because of the characteristic of bitcoin of being very volatile I don't think that bank offer bitcoin deposit, maybe they will accept bitcoin and convert it to fiat.
100  Bitcoin / Bitcoin Discussion / Re: When you think of currency what will come to your mind? on: June 26, 2018, 03:01:05 AM
The International Monetary Fund (IMF) just recently posted a picture that shows the evolution of money that people have used since the beginning of human civilization. Will IMF consider Bitcoin as a new currency?




can you provide a link?

are they braindead? aren't they supposed to be neutral?
here is the link that IMF posted recently maybe they realize the potential of bitcoin to our ecosystem.


http://www.imf.org/external/pubs/ft/fandd/index.htm
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