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8261  Economy / Economics / Re: Why we should fear a cashless world on: May 05, 2016, 04:46:24 AM
The cashless system is not a welcoming move for everyone. Like every reformations, it also has a negative side and a positive side.

I can talk about one negative side, is that, your each and every transaction will be logged in to a central server which will give power to your government to assess your tax and networth anytime. You can't pay less tax, every single penny will come under taxing authority's surveillance.

This cashless system will not do good to the economy as a whole, instead it will give more power to your government to control you.
8262  Economy / Economics / Re: android bitcoin apps on: May 05, 2016, 04:26:13 AM
There are many game and casino apps available for bitcoin users. But they are too risky. So choose wisely.

I think it is better to use freelance.org or Odesk for earning bitcoin by offering your expertise. Sometimes, I wonder why the app makers will require access to your gallery photos for a technical app.. Smelling rat!
8263  Bitcoin / Bitcoin Discussion / Re: “I’m Wrong” Says Wright – But does it matter? May 4th, 2016 on: May 05, 2016, 04:22:54 AM
Useless topic.. People are not anymore interested in knowing who Mr. Nakamoto is, instead they just want to earn bitcoin.

Mr.Wright was making false claim about being Mr. Nakamoto. I wonder if Mr. Nakamoto really exists or he is just a figment of imagination of the mastermind of bitcoin.

Anyway, there's no use running behind a myth.
8264  Economy / Economics / Re: How would you double $100,000 safely? on: May 04, 2016, 11:27:21 AM
Frankly speaking, there is no safe way to double your money within a year. if there is a way, I would love to hear it.

However, the fastest way to double your money is trading in the market. But this is not a safe way. You need to do a lot of speculation and research before your head up to trading.

However, if you found any way to double your money within a year, please do let me know as well.
8265  Bitcoin / Bitcoin Discussion / Re: BITCOIN IS STILL FAMOUS on: May 04, 2016, 10:25:08 AM
During from past two years when bitcoin stepped in,Every body takes it lightly but i personally dont know that how it get so high on USD then how it conquered the transactions of banking,there was also a time when 1 BTC was = to 1100$ which also led myself toward this entity crazily,Bitcoin was like catastrophe in transaction sector or what can i say it a 'Currency sector' then we see also a big drop in the price of Bitcoin from 1100$ to 300$ .It boomed suddenly ,Every body head was down thinking that they had lost something because some peoples had transferred there currency in bitcoins because of Current Good situation also and of the value of the 1100.
Still today those people aren't in a big loss because bitcoin is much more valuable still today ,i know it is not much then before it was used to,but i have to admit it that with that big fall ,
btc is still famous
BTC

Yes, BTC is still famous and its current price is making a strong base now before taking another leap.

In every equity issue, the price of the equity goes up crazily because of strong buyer numbers. That's what happened to bitcoin as well when it was around $1100. However, after that bitcoin came down to its current price based on the market cap and strong customer base. It is the time to strengthen the base and that's what BTC is doing now.

A clear price increase is coming in near future and this time it will break $550.
 
8266  Economy / Economics / Re: What is the effect of knowing Satoshi on bitcoin price? on: May 04, 2016, 04:23:43 AM
First of all, the news seems fake. I think that professor is trying to become famous by doing such stunts as this news doesn't have any realistic base.

Also I don't think there will be much impact on bitcoin price because the bitcoin price is based on many factors which are based on facts and numbers. Market cap also plays a major role.

So unless more and more investments are flowing in to the bitcoin market, I don't think any major impact would happen on bitcoin price.
8267  Other / Off-topic / Re: If i give you 10 BTC what will you do? on: May 04, 2016, 04:18:34 AM
10 BTC is equal to 4500 USD as per today's rate. It is a big amount but not that big which can change my life. Probably I will buy a good motorcycle for my daily commuting and invest rest of the amount offline.

But first let me have it! LOL! Seriously if I have 10 BTC, I will simple save it for future, with the hope that the price will increase to 1000 or 1500 USD in future and then I can make some impact on my daily life.
8268  Bitcoin / Bitcoin Discussion / Re: Shame on CoinDesk - This is why women don't use Bitcoin on: May 04, 2016, 04:14:08 AM
This is a cropped photo and the thread owner is trying to make sexist comments. Not welcome at all!!

Who said women don't use bitcoin? There are many but not necessarily we all need to know that.

keep calm and accumulate Bitcoin for your future. You don't need to be expert in everything.
8269  Bitcoin / Bitcoin Discussion / Re: THIS Proves Craig Wright Created Bitcoin and is Satoshi Nakamoto on: May 04, 2016, 04:10:39 AM
A single youtube video proves nothing at all. It certainly does not prove that Craig is Nakamoto.

Probably the video owner is trying to get a million views and earn some money from the youtube and nothing else.

It doesn't prove anything about Nakamoto's identity.
8270  Bitcoin / Bitcoin Discussion / Re: bitcoin new trend? on: May 04, 2016, 04:07:35 AM
Bitcoin debit card is an old story. few companies are issuing them from a long time.

But now the scale of bitcoin debit cards will be massive. I just hope no scam companies are involved in this. otherwise people will run crazy after they loose money.

Welcoming move indeed!
8271  Bitcoin / Legal / Re: AML Regulation on Bitcoin? on: May 03, 2016, 10:29:19 AM
Anti Money laundering rule does not only apply to bitcoin. It applies to every type of currency.

Even though EU rule makers try to enforce AML on bitcoin, it will be a very very difficult job due to the decentralized nature and great sense of anonymity.

I think EU should be more flexible in terms of accepting innovative solutions to their economy because they are already in a bad shape.

Anyway, till the time EU starts enforcing AML to individual bitcoin holders, enjoy the power of bitcoin.
8272  Bitcoin / Bitcoin Discussion / Re: Bitcoin's Big Boom: When Will Bitcoin Go Mainstream? on: May 03, 2016, 10:21:51 AM
Why would you want bitcoin to become mainstream. Is mainstream is just being a popular currency, then it's ok. But if you want to buy regular groceries using bitcoin, then please take a step back.

Bitcoin is not meant to become a regular currency. It is an alternative investment route which will help you save money without worrying about global economy and provides a great amount of anonymity.
8273  Economy / Economics / Re: Are electric cars bad for the oil industry? on: May 03, 2016, 04:37:22 AM
Yes, it is bad for the oil industry worldwide, but it is certainly good for the nature which is much more needed than an inflated PL statement of an oil company.

Electric cars are a welcome move towards the green initiative and certainly makes less holes in the owner's pocket.

8274  Other / Off-topic / Re: In 20 years, what would you like to do with your bitcoin? on: May 03, 2016, 04:18:55 AM
In 20 years, I will in the verge of getting retired and hence I want to add some extra spice to my retired life with bitcoin. Probably a foreign tour or a superbike and then enjoy my life to the fullest.

That's y currently I am only accumulating bitcoin and not selling it anywhere. If it goes up to $1000, I will be able to fulfill few of my dreams.
8275  Bitcoin / Bitcoin Discussion / Re: Satoshi Nakamoto – Bitcoin Creator Revealed - Media got it right this time! on: May 03, 2016, 04:15:06 AM
Absolutely fake news. This guy is just trying to steal the limelight when the actual developer of bitcoin is laughing his ass out.

Probably the video owner is trying to make some money from youtube.

I don't know why people are bothered so much about Satoshi's identity!!
8276  Bitcoin / Bitcoin Discussion / Re: Why Banks Hates Bitcoin? on: May 03, 2016, 04:11:15 AM
Why banks hate bitcoin... And why we no longer need them...

What banks can do better than bitcoin. If bitcoin also have almost all features of banks.  Only must have an internet and you can use bitcoin already.

And bitcoin has faster transactions than the bank and more secure I guess.

Banks hate bitcoin because bitcoin is building up a parallel economy which is anonymous in nature. Banks and governments will be furious if money is free distributed in the economy without their intervention. Money is the most powerful weapon to control people and if it is being distributed freely, the power of control will be shifted from their hands.

That's the reason no bank will support the bitcoin or blockchain technology.
8277  Bitcoin / Bitcoin Discussion / Re: Craig Wright IS ACTUALLY Satoshi Nakamoto. It's REAL. on: May 03, 2016, 04:06:50 AM
I don't understand why you all are behind the satoshi myth?? Why u all want to know his actual identity??

Bitcoin has created history and it is always better to just take the profit out of it. Let the creator sleep in peace. Because of your curiosity, probably the creator of bitcoin is living a miserable life out in somewhere in the world.

This is not done, take benefit of the creation but lets not make his life tougher because of our curiosity.
 
8278  Bitcoin / Bitcoin Discussion / Re: Russian Law Would Send Bitcoin Users to Jail as Cybercriminals on: April 30, 2016, 02:51:18 PM
No wonder! Russia has a fascist government and they simply don't allow people to have free money. They simply believe that power should belong only to government. Thank God they are not a part of EU.

My sincere condolence to all the russian bitcoin users.
8279  Other / Archival / Re: Do you use bitcoin as currency or investment? on: April 29, 2016, 05:45:08 AM
I am using bitcoin for purely investment and not as a currency as I have no plan to sell my bitcoins in near future.

I am just accumulating and trying to build up a lump sum amount through good investments. I have a goal with bitcoin and probably after 15-20 years I will use it as a currency.
8280  Economy / Economics / Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022? on: April 29, 2016, 04:47:14 AM
It is said that bitcoin will destroy the fiat system but i believe that if this happens the world will change completly because banks and a lot of things will go out of market.

I doubt that will ever happen. not even in 2050.

Bitcoin is besically understandable by someone with a bit of technical knowledge. It is not for the general people. Probably you will see a more streamlined bitcoin in 2022 but not used by everyone for sure.

Bitcoin is not meant to destroy fiat currency in any way. It is just providing you a an extra way to earn and invest money which can add a little spice in your daily life. But it will never become another fiat.
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