Okay, due to many halving that bitcoin will experience, the reward will be less and thus the fee is going to decreaseas it is the sum of those btc which are sort of between blocks after operations. However, this is not enough for bitcoin to become a universal global currency, because another important thing is the time one transaction takes, right? For people can't wait too long when they buy something in a queue, for instance. Can trasactions occur faster than now? I don't know what is it connected with, so I can't answer this question.

Hi. I'm not sure if this is the right place to start a topic but I really want some answers and it's connected to gambling in a way. I'm thinking about picking a casino and investing in it, so that I can have some small income every month (if everything goes okay). What I wanted to ask is if that is possible to see the information about casinos' income per day or month for now or is it private information nobod really gives that easily? And do you think investing in casino is a good idea, by the way? Thank you.

Yes, I agree with this. Bitcoin can hypothetically stabilize around $1k but if we think about the beginning of huge general unstability of our civilization (Trump, Putin, ISIS) and add people not having enough faith in bitcoin I think we'll need some time to see that. I think it is really good for now if it becomes stable around $900 for now.

Right now I'm doing only the same thing. It is almost stable income and nice work but I'm thinking about investing a bit in some casino like yolodice to have passive income and buy some of other cryptocurrencies hoping they'll rise in price like bitcoin did. Litecoin or etheurum, I haven't decided this one yet. I've seen websites with freelance work where you get payment in btc but I've never been good at such stuff. I mean, people let those with big trust do the work, not the newbies, and I just don't know how to solve this problem.

I've realized that China has the cheapest electricity costs in official statistics. Is that the reason this is #1 in terms of mining country? Or is there some other reason for that? China is not a capitalisitc country, so I think such busines is not really welcomed in the country and yet it is the leader. The country invests a lot in technology and their supercomputers are one of the most powerful. So maybe this is another reason? That China is l;ikely to welcome btc soon as some new technology?

Yes, with bitcoin there are no problems with physical things like cards (although I've heard about the possibility of carrying your btc on some physical device (not computer, like a btc coin, for instance) but there are some other problems related to bitcoin like the big one that you can pay in a supermarket with a card but can't use bitcoin for such purposes.

I've recieved the payment, thank you. I wanted to ask if I got payment for 28 posts does it mean that another 15 (or so) posts are not counted (maybe they are bad in some way) or do they just formally belong to another week? Thank you.

I think the OP meant if bitcoin could be created in Russia or China. We know that China is #1 in mining in the world, whereas Russia is famous for good quality videos about bitcoin. Moreover, there are many Russians in online btc casinos which can be seen from the chats and this means that they have and use btc. All this means that it is quite probable bitcoin was created by Russian or Chinese guys as we see that the countries are interested in having and promoting it.

Are you serious? Is 0.18USD such a big fee? I don't think so. In my country sometimes you pay more comission when you put some money on your phone than this. Well, you actually have to pay around 8%of the sum as an additional fee. Isn't it the same in your country? Or don't you pay when you transfer money from one card to another? I think bitcoin has a fair fee.

Not to worry, they wouldn't be able to ban bitcoin, because they have the biggest mines and people who have big income out of it won't give up easily, because thus they'll lose a lot. I think they may only try to force miners to register their activity as business (or maybe it's done alredy) and pay some taxes from the income to the government which is quite all right.

You're lucky you're able to pay the bills via bitcoin at least, because for me it is impossible. In my country bitcoin can't be used for anything except online shopping maybe which I don't do as well, because shipping of goods costs a lot. So bitcoin has impact on my life only indirectly when I sell some and get local money instead.

Yes, localbitcoins is said to be fine mostly. You just arrange a meeting with a person, bring a computer, send him btc and this person gives you cash instead. As for Amazon, there's been many news about it accepting bitcoin at least in a way that you can buy a gift card with btc but I don't think it is possible directly on Amazon.com. But hey, a lot of people bitcoin is a currency of the future, so maybe you shouldn't sell them at all.

We can't compare bitcoin with western union. Bitcoin is a cryptocurrency which has its own existence independent of any other currencies. Western Union is financial services and communications company which basically allows people to send money to one another in different countries. So, there is no special western union currency, it's just dollars.

Nice design and all the bets can be seen, which makes it very fair, not like on other websites where you can only see big winnings. The bot is very sweet, it tips people in the chat regularly giving uo to 0.001btc! And the faucet gives you more money if you gamble more there. And it's funny you can bet with no money at all and have zero wins and losses.

I found ou about it from my father and at first I was confused with btc adress of mine changing from time to time and I was afraid that if I give somebody the previous adress I had I won't recieve money  . I guess it's only now, after almost a year of using bitcoin, I started watching some videos and reading articles about some processes related to it. Back then I just didn't think of it as of something important. But now the more I learn the more amazed I am with this thing.

I think they can do that, because nothing really stops them but I don't think they actually do, because it's more profitable and a lot easier to start selling the new ones (and continue selling old ones for lower price) than starting to do mining. Mining will require very big amounts of energy consumed and you have to take the risk that after a month or so some miners will break. And you need these additional devices to provide good ventilation as well.

I think it's great you give yhe opportunity to try playing with different currencies, providing 3 types of faucet. The name of your website attracts attention as well. The avatar idea seems cool as well. But I guess one can't view all the transactions on your website It's totally okay, actually, it's just that sometimes one needs time just to look at the process of others betting from the outside, you know.

I watched this video to learn some more information about halving https://www.youtube.com/watch?v=BPxq8CgMooI.
The guy says here that after the halving the sum of coins per block rewarded for solving problems is reduced twice. The good thing is this also prevents inflation but the bad thing is that miners need the price to rise for mining to be profitable again.
So, as I see it, every 4 years btc is in danger of becoming not used and mined, and the way out of the potential catastrophy is the price growth. My question is how does it happen that the price actually grows and mining becomes profitable after halving? How can people make the price grow to an exactly needed amount without people actually trying to do something to save btc? Why does it work?

Hahah. Now we see such predictions were wrong, because bitcoin reached $1000 and I think nothing special happened which could help it do so (like it was the previous time as people say). It just means more people became aware of bitcoin and more people started believing in it. What will it take for btc to reach $2k is a question now.

We are traitors. We keep discussing the price of bitcoin. Oooh, it's over a thousand! Aah, it's only $850, should I sell? But for a true btc admirer this doesn't mean anything. If you have 0.67btc then no matter what the price is you still have your 0.67btc. And if the price is given in btc then who cares how much is it in USD? It is us who imprison bitcoin and make it depended on dollar, because we don't really look at btc, we look at how much it is in USD.