If that is the case on how easy it is to make money, they I'm just wondering how does that app developer going to make money out of people sharing url? I suppose it must survive through ads or other means. Plus I would also keep watch on privacy concerns as well.
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Is this a discussion about how bitcoin gets stolen or get confiscated? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) I suppose if it's the latter usually the prosecutor will strike a deal with the defendant in any way that if the guys given up his private key to his address, the charges will be lower. Or do it the hard way, make him talk.
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If your definition of having something physical which you can hang on to and touch in order to call it as having a value, I don't think there's any justification to it. Any form of wealth with value has the potential to lose it worth or even get stolen. House or property for example can lose its value due to geographical change like having something undesirable built close to it like factories, or destroyed by natural disaster and even when talking about gold, you can be robbed of it. So if you compare that with bitcoin, it is comparable in a way or another would be much better than any of these.
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I think we are comparing against two different scenario. At this stage when bitcoin price has already reach that high level, you will need somebody who is generous enough to give all his coins away. Whereas in dogecoin, it is still about a year ++ in its infancy stage and still considered cheap. And don't forget when bitcoin was at its early days, it was very much the same scenario as it was also being given away freely.
Another reason is that in dogecoin, the standard tipping amount if let's say one were to tip 200 doge, it would not be a problem. But 200 doge in btc translate to about 10000 sats which is just about enough to pay the transfer fee. Certain people are deceived by the fact that 200 sounds like a very big number.
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It's still 50-50 because in bitcoin anything is possible. You can have thousands of people telling you it will never happen again but will you believe it? Similarly if you have another bulk of people convincing you that it will make it over 1000 next year, would you also buy the story? I think it would help to just set it aside, rather than kept on thinking about it. My take is that it won't be so soon. Just wait for the halving to occur. It might not be the next but the one after the next.
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Actually I read it twice and then trying to grasp what it means here. Doesn't the new social currency offer everything similar like what currently bitcoin is doing? the only thing that I see is different is the proposed "decentralized voting system" to replace the miners proof of work. It sounds interesting but I'm just wondering how it will work out. I mean the question is how can we entice people to continue voting in order to secure and process the network.
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The ironic thing is that these can be repeated again and again and there are bound to be new victims getting scammed of their money. Even if we manage to spread the word here to every bitcoiners that visited bitcointalk, there are bound to be others which might be unaware of what is happening. That is especially for newbies.
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Am I missing something over here? The Gox account has been idling for sometime now and left with only some balance of coins in it. And both transactions just dated back to almost like 4 years ago.
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Kind of reminds me of what the dogecoin community is doing to get Josh Wise to promote dogecoin. But I would rather prefer to have that on the super bowl jersey. I mean having the bitcoin logo on any one of those teams would definitely make a difference.
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Modern? I would say "it rocks", though pretty much a common term to some. Anyway, when I say that word, it simply covers every aspect from being revolutionary, awesome, cool and even game changing. It's a solution to the problem affecting our current financial system.
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If you compare that 5 years ago with the progress it has made thus far, I'm sure nobody would expect things to move so fast. So if you fast forward that to another 5 years, probably you will come back wondering why you have asked that question here in the first place. Regardless one thing for sure is that it won't fizzle just like that.
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Just because it is not widely accepted right now doesn't mean that for years down the road it is going to be the same scenario. What is more important is the consistent growth rate in terms of adoption so if I seeing something making progress I know that for sure it is moving in the right direction.
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The fiat financial system that we live on today is far different. It is surrounded by debts and if fiat ever stopped printing with nothing left on the supply to keep up with the imaginary money in circulation, I can't imagine what would be the consequences. Either way, printing has to continue and that is a fact which keeps the system afloat.
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After quite turbulent events during the last few years, I somehow feel BTC economy s been slowing down a bit. Maybe people are losing interest after not seeing those price jumps/decreases which we witnessed in the past. I know statistics ll probably dispute my claims but this is just my feeling. How do you feel about it, are people still into BTC?
If btc did not attract attention of those traders who bet on price jump/decrease or whatever, that is still okay. It's fine for me because for all I know, speculators only hurt the btc economy and bring more harm than good which is the main reason that leads to all the volatility. Rather, more helpful is having businesses accept bitcoin as a form of payment currency, where people see bitcoin as having a value, and finally as a medium of exchange. That is more important.
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While I can't deny that some (not all) altcoins are actually good in terms of promoting bitcoin, this only represents a small portion of everything. Most of the altcoins I ever come across, would say cause more harm than good to destroy bitcoin reputation. Newbies in the crypto scene especially is basically clueless on what is happening and for them, altcoin = cryptocurrency = bitcoin and when it turns out to be a scam, that is where bitcoin reputation suffers.
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I don't know about the rest but for me it still goes back to the supply and demand factor. Don't forget these days, the price has been heavily manipulated because of margin trading that allows trader to hedge their bet several times higher. So eventually whatever price we see right now will fall back to the correct level as dictated by its fundamental basics.
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2/3 bitcoin mined already and we don not have any price increase? Now I start to doubt any theories which claim that bitcoin price will grow overtime just because bitcoin supply will be lower. After all we may be completely wrong about this and price of bitcoin will gravitate instead towards its 'production cost'.
Stay bullish..., the mid 2016 halving is the most bullish opportunity that trader will have, may be we will see even a small bubble... If demand kept constant, there will be more buying pressure. Don't get tricked by the current low price. I always believe bitcoin price is still considered low. We should see the price slowly climbing up because the daily supply will be reduced by half. But I think the more profound effect is when the other halving occurs after the one that we expected to take place next year, which would be even more significant.
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Price is now at 242, a slight decline after having maintained steady at 250 level for some time. But just a suggestion, maybe it would be more interesting that instead we aim at 1000 level, we could set a milestone in between something like 500, 750 and then only going to 1000. If we need to party, we need to party hard.
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Whatever it is, it's still a 50-50 guess. A person could come up with a comprehensive analysis to determine the direction but I find that the more complex it gets, the more inaccurate the results. Well, just have to wait and see to find out. Right now, it seems like a slow decline.
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