I definitely agree with OP. This time series chart is a very good visual way to evaluate the behavior and the pattern of the data over the time instances. I don't know if these are real or fake TX but till now I haven't seen any other tool to estimate the adoption rate over the time.
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I don't agree with this approach. I understand that OP wants to say people must use bitcoin which I agree too. In many topics in this forum many people want only to store bitcoins with only one dream. That bitcoin will costs so much in exchange so will be millionaires in a very short period. Someone has talk to them about deflation. I read a very good article even though it is a couple years ago. http://www.economist.com/blogs/freeexchange/2014/04/money Please read the last paragraph and tell me if something has changed till now.
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Transaction size determines fees and not the amount. Network activity the moment of transaction is another one factor. But there companies understand that as a big hassle in everyday life transactions and especially in micro-payments so they try to develop strategies like as BitGo http://www.coindesk.com/bitgo-instant-bitcoin-transaction-tool
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People are not informed about pros and cons of bitcoins Legislation on most countries is prohibitive to use it Is difficult to be learned by elderly people Needs internet everywhere People trust this which can hold and see
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Kids mostly learn by example. At first a faucet which combines not only captchas and solvemedia but game and reward would be a good start. After that, I believe using a faucet which has educational character like as http://www.paidbooks.com where they will read classic books and they will be paid too. In the end father will learn them what is blockchain technology giving them their week pocket money using a fraction of bitcoins.
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This is an international forum. So there are users where their local currency is strong enough compare to others with a inflationary one. If someone belongs to second category will greatly benefit to convert most of his fiat to bitcoin even though its volatility. Moreover, for many users who travel a lot in many countries conversion from one currency to another is a big loss to their money. In these cases bitcoin is the best alternative currency
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Searching the web I found a video where the narrator had created a visual demo of blockchain technology in order to explain the procedures behind the bitcoins transactions. May be, this has a little to offer to experienced users since they know the whole process; but for newbies like me is very informative and self explanatory. So I thought that would be a good idea to share it with you https://www.youtube.com/watch?v=_160oMzblY8. If this not the right place mods are kindly requested to move it everywhere that should be.
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in you wallet I guess as there wont show on blockchain until one confirm
Using the blockchain web wallet when I receive a payment after 1st confirmation I can see the progress of pending confirmations from 1 to 3. When I send an amount I can't see anything. I must use a blockchain explorer.
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So far the largest part of the bitcoins has been mined (15,998,175). So, I cannot understand why anyone should be worry if China has most mining pools. Maybe a reason to concern is the next or after the next halving where the cost to mine a bitcoin will be raised if at some point miners cooperate to raise the transaction fees too, so the usage of bitcoins to be prohibitive for most users especially if they use it for micropayments.
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Any moment you doing a transaction (fiat to bitcoin) with an exchange site like Coindesk you will have to move the bitcoins in a wallet that you trust it. All wallets have pros and cons. The safest but more difficult to use in everyday life are paper-based wallets. Following the HD wallets, in my opinion the best choice, after these electronic wallets, for PC Android and IOS for smartphones and Web based ones. You can have more than one if you want. Look at here https://bitcoin.org/en/choose-your-wallet
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If predictions that will be a steady trend of bitcoin price to go upwards come true, more and more people will try to buy even a fraction of it. So, the number of people will rise very quickly. Furthermore, we must consider that next halving is somewhere there and many people even have not a satoshi will run to buy. So I believe about 10%-15 % will own bitcoin at 2020
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Ι agree with the others. I do not know if you had already bought but if you don't and still have the money I am sure that is worth to make such an investment. Now, bitcoin is sufficiently mature. Volatility is due to international facts and is something everyone has bιtcoins will never avoid. It is like gold. When there is crisis people search for a safe environment to put their money like as gold and, now as I believe, like as bitcoin.
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No way at least in nearby future. People worldwide are not familiar with the use of bitcoin even though they live in developed countries. On the other hand, dollar is very strong fiat money in world exchange markets used in almost all global transactions.
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If you have enough money for your daily needs, then in my opinion you must keep most of them. But if you need, mining nowadays is a very expensive process, spend everything is necessary for your investment so as to continue to be profitable
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dear milionaires,
the signs of economic crisis are on the wall. if you guys decide that it could be appropriate to own at least ONE btc, be reminded that this will be very difficult to achieve.
there are 16 million of you on our planet. but there will only be 21 million btc ever. 16 million btc are already mined. no one knows how many are lost, no one knows how many are held by hardcore hodlers (who will never sell), no one knows if the first million btc (satoshis stash?) will ever move.
edit: typo
I don`t think that millionaires read bitcointalk,or will ever read your post. The economic crysis is here,it isn`t coming. Strange thing is that during economic crysis the number of millionaires actually grows. That's true. Millionaires don't give a penny about bitcointalk. If they want btcs they can buy. We don't even know if they have some thousand's as an investment. And yes economic crisis is now and here but taking a look in history books in these cases rich become richer and poor became poorer.
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Although I dont know the number of people on this forum, but I know its not a few spread across countries and continents, that sends a signal and that we have one thing in common and that is our belief in Bitcoin so if you are are sure of your resolution just ask yourself " what are all these people doing here?" and your questions will be answered whether to believe or not?...
Exactly, it depends on the beliefs of an individual about bitcoin, if you think it does not worth your believe then just don't, if you think it does then do believe on it, as the guy mentioned above, you should think that why would so many people be involved with something if it does not deserve believing? Most people only look the temporal profit. They cannot understand or they don’t mind that bitcoin is a real revolution for the world economy. The logic of his creator as well as and those who had implemented it had other causes and not only the financial profit. So if you believe in creator/s beliefs you believe in bitcoin.
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People use bitcoin internationally in order to meet their needs. I don't believe that someone is interested about the name of the currency. Anyway it is impossible traditionally global strong economies to accept another currency, even though is digital, as a replacement of their own currency. For financially weak countries this matters a little
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I had read about universities in Cyprus and Canada, but for schools is different. Always one should be the pioneer. If this venture is success will be widely known and more schools follow in nearby future.
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If micropayments in everyday life using bitcoins would be acceptable from most people then they would agree to convert their savings or a small part of it in bitcoins. Maybe in local stores using btcs is not a good example, waiting network confirmation, but if someone goes abroad and must convert fiat money paying fees and coming back to convert it again in his local currency then he would be willing to try it.
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