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821  Bitcoin / Bitcoin Discussion / Re: Bitcoin Are Now Used in Crimes on: October 25, 2017, 05:20:43 PM
From centuries, pirates, robbers, thieves are stealing all valuable things.
After digitalisation hackers are hacking computers, bank, duplicating Debit & credit cards asking valuable currencies USD$ as ransom.
As bitcoin has become the most valuable and continuously uprising currency it is obvious they will use it.
It is quiet hard and almost impossible to crack blockchain and steal bitcoins so hackers are not touching it directly.
They are using backdoors and hacking wallets, stealing private keys.
Current WannaCry ransomware attack, shocked many personal and government institutions get affected badly.
These hackers asked all their payments in Bitcoins.
They used bitcoins because they are entirely untraceable.
One cannot stop these crimes but bicoin community must stop the bad publicity of its most valuable currency.
822  Other / Meta / Re: end of all signature campaigns on: October 24, 2017, 09:26:46 AM
A signature campaign is organized by company who want to promote/advertise their services, but they pay good to their campaigners.
If you have Time, knowledge about bitcoins and have mobile or PC  you can earn money from this.
This thing will never end until demand and supply for bitcoins are there.
Though mass information is available about bitcoin on internet, people still believe in bitcoin signature forum.
Here the share or ask their questions, get solved their quarries.
This helps in advertising bitcoin indirectly.
Also signature campaign companies are getting good income from this activity.
So why one would close signature campaing.  Grin



823  Bitcoin / Bitcoin Discussion / Re: Safest way to keep bitcoins? on: October 24, 2017, 08:15:54 AM
Bitcoin is a rapidly growing cryptocurrency, both in popularity and price wise.
All good and bad people are getting attracted towards this currency.
So its our responsibility to keep our money safe from hackers. Various wallets are available in the market.

Desktop Wallet- Accessed only via your private computer, with personal security keys stored just on that machine.
Wallets like Electrum, Exodus, Copay ,Bitcoin Core, Armory are some popular and reliable wallets.

Hardware Wallet - Its also called cold storage. In this wallet user`s private key is stored in a secured hardware.
Its a offline wallet so no one can hack it. Its like usb , we can carry it anywhere.
More secured than desktop wallet.
KeepKey, Ledger Nano S, and Trezor are popular hardware wallets.

824  Local / India / Re: People pay your Taxes on: October 24, 2017, 05:32:51 AM
Trading in bitcoins is becoming more and more popular in india.
Bitcoin exchanges adding new customers daily.
Irrespective of RBI`s warning people are investing / trading in bitcoins.
But we must not forgot that our entry in such exchanges is KYC updated.
At the time of opening an account they have taken our PAN no.
For fund transfer we have linked our banks without bitcoin wallet. Central board of direct taxes have not yet issued any guidelines for income from bitcoin trades.
Tax departments of USA consider this income as capital gain.
Though bitcoin trading is not declared legal in india, still income from such trading is taxable.
Need to pay advance tax on such income.
825  Economy / Economics / Re: Electronic Money vs. Physical Money on: October 24, 2017, 04:19:22 AM
Nearly 92% of world`s currency is now in digital form.
Money which we can see or feel is physical money.
We can't see digital money it lies in computer or in mobile wallet.
Both currencies have advantages and disadvantages.
- Digital money require some infrastructure like computer, electricity, internet etc. physical currency depends on nothing like this.
- Generally money in digital form easily get accepted worldwide. Physical money of every country is printed by its own government so cannot get accepted worldwide. Need to convert them from country to country.
- Fake physical money can be used for transactions. Digital money is protected by its firmware or by blockchain.
- Money is never secure. Both type of money have risk of getting stolen. Both type of money needs protections like Safe, bank lockers, personal key or password etc.
- One can use physical money without permission of its real owner. digital money is protected by its owner, no one can use it without permission.
- Physical currencies are controlled by central agencies. cryptocurrencies are decentralised in nature.
826  Other / Off-topic / Re: What are some disadvantages of BTC? on: October 23, 2017, 04:56:16 PM
Though bitcoin is becoming popular day by day, achieving new higher goals it   many disadvantages.
-   Its decentralise nature making it more and more volatile, as a result many people are not willing to invest in it.
-   Mobile wallets are necessary for its trade, all cannot afford them, if we forgot our private key or data get crashed then all bitcoins become lost in nature.
-   It comes only in digital form, so people fond of physical currencies/ investments ignore bitcoins.
-   Its operation needs minimum infrastructure like mobile/PC, electricity, internet without which your bitcoins are useless. In the absence of any one of these you cannot make a transaction.
-   Still bitcoins are not universally accepted currency.
-   Bitcoin mining is quiet expensive process due to its specialised infrastructure and its maintaince cost.
827  Economy / Economics / Re: Can Bitcoin Volatility Be Controlled? on: October 23, 2017, 02:40:56 PM
Volatility means sudden and rapid change in the price.
Currencies which have centralised in nature can be controlled by making increase or decrease in supply.
Bitcoin is a decentralised currency.
One cannot control its its supply so its volatility.
Its volatility may reduce if more and more persons start using it.
It is this volatility that is helping the traders to earn profit from this currency.
828  Economy / Economics / Re: Why Big Banks are so Nervous About Bitcoin ? Why ? on: October 22, 2017, 11:45:34 AM
Banks are in operations from last hundreds of years.
Banks have reached almost every part of the world.
Banks work like backbones for many economies.
Banks not only issue currencies but also do lot of other activities required for people in general.
Bitcoins get introduced in 2009, with many popular features which banks never implemented even after gaining monopoly in currency business. Bitcoin is a decentralised , autonomous currency, banks have always controlled/ manipulated economies on the instructions of the governments.
There is heavy difference on the return on the investments of banks and bitcoins. Banks took heavy transaction charges from their customers, transaction charges of cryptocurrencies are negligible as compared to banks.
Banks have really shaken by the popularity of bitcoin.
If they have to survive they must change their traditional ways of doing businesses.
829  Bitcoin / Bitcoin Discussion / Re: Use Social Media for Bitcoin on: October 22, 2017, 10:55:10 AM
In 2015, 52.7 % of the global mobile phone population accessed the internet from their mobile phone. This figure is expected to grow to 61.2 % in 2018.
People don’t have money in their wallet but have benough balance in their mobile.
Along with this people are also using various social media sites regularly.
Currently popular sites are Facebook, Linkdin, Twitter,Quora,Pinterest,Google +,Myspace,youtube etc.
I am really surprised why bitcoin is not being used these networking options for its social development?
No additional cost is required for spreading information about bitcoins on social media, we can do it with our current data pack.
Irrespective of the type of friends on social media sites, there is no harm in trying, one of the hundredth may got interested.
The main reason many people are not aware about bitcoins is no one even tried it on large scale.
830  Economy / Economics / Re: If you were in desperate need for money.... on: October 21, 2017, 05:43:51 AM
A good investor never invests everything in one segment or in single instrument.
I always follow this principal.
If situation like this arises with me i will use these options I always keep certain amount in cash currency.

-   I have investments in bank FD`s and bonds which are easy to liquidate.
-   If i have credit card option i will use it temporarily.
-   If i have gold then i will sell a part of it to beat my need.
-   If i have a job then i will took advances from my salaries.
-   If i have time to earn money i will do signature campaign.
-   If nothing of the above options are possible then i will request my friends or parents to help me.

When to use which option depends solely on the amount of money needed.
831  Bitcoin / Bitcoin Discussion / Re: Bitcoin may not be number one for long on: October 21, 2017, 05:21:34 AM
Nothing is eternal in this world.
Everything that goes up has to come down.
No one remains number one forever, someone always replaces number one.
Bitcoin price is on its new high recently, but it will not remain at this price forever.
Ups and downs are the important forces of any economy and its instruments. Like other currencies bit coin will split on day.
Transaction charges are increasing so as bitcoin value, this may affects its development.
If any similar currency arises with same features of bitcoin and overcome the disadvantages of it then and then only bitcoin get affected.
832  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin Die Because of China? on: October 21, 2017, 04:45:39 AM
Bitcoin is a autonomous currency.
Bitcoin is not created by china, bitcoin is worldwide;
It will live or die by its own acts.
No external force will affects its existence.
China is a communist country, they will never let any external forces to affect or interfere in their economy.
Earlier permission of bicoins in china is itself is a big surprise.
Still many experts believe that this ban may be temporary.
Though bitcoin prices slipped marginally after ban in china they will defiantly recover, bitcoin community look at this fall as an opportunity to gather more and more bitcoins.
833  Bitcoin / Bitcoin Discussion / Re: why do you think satoshi nakamoto kept his identity as a secret? on: October 20, 2017, 06:25:07 AM
Satoshi Nakamoto, no one knows who he is.
He may be a person or a group.
He? may be holding a large amount of bitcoins which he never wants to disclose.
He? may be hiding for his security  and privacy which get disturbed by his public appearance.
Bitcoin is a decentralised peer to peer currency with no owner which runs on the trust of its users.
Bitcoin runs on some fundamental rules aliened by Satoshi Nakamoto.
The lack of official bitcoin leader is an asset for bitcoin.
Rules get altered  by the leaders from time to time, this is not possible with bitcoin as the creator itself is unknown.
I think this is the one one of the reason why Satoshi Nakamoto never appear in public.
834  Local / India / Re: India may ban Bitcoin on: October 20, 2017, 05:54:29 AM
India may ban Bitcoin ? Why & on what basis?
I dont think government of india will bitcoin instead it will have conditional permission to it or put some regulations on it.
Current government is more concerned abount the Black money.
A parliamentary committee is about to report its recommendations in India.
Currently there are many bitcoin exchanges operating in india like Unicoin, Zebpay, Coinsecure, Coinmama etc.
Many of these have popular wallets also.
In recent cyber attacks, "ransomware'' hackers demanded ransoms in Bitcoins due to events like these RBI have flagged concerns and urged Indians against  use of these cryptocurrencies.
835  Economy / Economics / Re: Bitcoin will control the world economy!!!!! is it true? on: October 20, 2017, 04:30:37 AM
In coming future bitcoin will definitely make huge impact on world economy, but it will never control the world economy.
There is no one currency currently operating in the world.
Every country has its own fiat currency.
These currencies are centrally controlled and manipulated by the governments and central banks of the country.
Globally accepted gold is also controlled by banks.
Bitcoin is a decentralised crypocurrency which is controlled by mass number of persons , that is why one cannot establish control over all the bitcoins, so how it can control the economy?
What bitcoin will do, it can make an impact on the various economies of the world which may compel these economies to change their policies. Cryptocurrencies may led to emergence of new markets, which is controlled by no one.
836  Economy / Economics / Re: Why people scam on: October 19, 2017, 05:56:17 AM
There are many reasons people scam, rob or steal things. Good parents, happy childhood, proper education, job etc are not in everyone's fortune.
For some people life is quiet hard, even after working hard they don't get enough income to meet their day to day needs.
So these people get attracted towards bad things easily.
However even after getting good job and money some people have inbuilt greed for more money in less efforts.
Many scammers have sound technical knowledge, they try to live a normal life but due to some reasons they won't get enough money so they use their skills in such bad  works.
This should never be an excuse for robbing, stealing or scamming someone, hundreds of persons study, build plans , works hard to have bright future.
Criminals always have idea of doing crime in their mind they just wait for you to do a mistake.
837  Bitcoin / Bitcoin Discussion / Re: any bitcoin wallet that pay interest for keeping money? on: October 19, 2017, 05:27:08 AM
When we keep our money with banks they have us interest on our deposits because they lend the same money to others and ear interest there on.
As bitcoin is a decentralised digital currency it is not possible do function like bank.
However there  are websites like (https://www.coinstaker.com/bitcoin-finance/savings-account/)  and exchanges are also there like Bitfinex, coinLend, Magrn, Bter etc. which claims that they have bitcoin Savings account facility and they can have u interest on your bitcoins.
But reliability on  these sites is quiet risky.
Paying interest is not possible because Bitcoin's values are very unstable.
I think miners and faucets would be the best options.
838  Economy / Economics / Re: Bitcoin reduces unemployment on: October 19, 2017, 04:01:36 AM
Definitely  bitcoin will help to reduce unemployment as well as create additional incomes to those who have job.
Mass use of bitcoins or trading in bitcoin can create a work platform for many.
People can work as a miners and earn money.
If people aquire some technical skills, they can earn money by doing signature posting job.
More and more use of bitcoin needs more computers or mobiles so this will automatically create jobs.
Mobile wallet companies needs designers to design wallets, it will also generate jobs.
839  Economy / Economics / Re: The future of the paper money on: October 18, 2017, 08:52:41 AM
Currency has traveled from cows to coins to paper to plastic and now its has transformed itself to digital one.
Every mode of currency have its advantages and disadvantages.
Every new type of currency get introduced to overcome disadvantages of existing currency.Currencies have changed their nature from time to time and place to place but they are not out of order.
Some communities or people are still using cows or other livestock as a medium of exchange.
In today's world digital money is becoming more popular due to its low cost and less duration of transaction.
It is easy for developed economies to shift from paper currency to digital one, because they already have setup of it,but third world or developing countries cant afford this transformation.
Economy of every country is controlled by its reserve bank and by its government.
These two institutes never let their hold on the economy to some decentralized cryptocurrencies.
it means even after changing the nature of currency it will never become decentralized.
840  Bitcoin / Bitcoin Discussion / Re: Bitcoin can be hacked? on: October 18, 2017, 08:00:09 AM
The complete working of bitcoin depend on its security system blockchain.
If any hacker breaks this blockchain then and then only he can hack bitcoin.
Blockchain is a distributed and decentralised public ledger in which all the bitcoin transactions made get recorded.
It allows bitcoin traders to keep a track of all the transactions made.
The blockchain was designed so that all the transactions cannot be deleted.
If anyone has to hack the blockchain then he has to take control of all the nodes connected all over the world, which is impossible.
We may lose bitcoins if we are not using secured  bitcoin wallets.
Its our responsibility to protect our wallet from hackers by keeping strong password.
And also by keeping secure your private key.
"Thought it is quiet difficult to hack the blockchain expert says its not impossible."
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