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I believe that this will not be so since bitcoin, with the right order, will rule the market processes
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I like bitcoin because it's anonymous, and I do not need to give my personal ID to anyone before using bitcoin. In addition, unlike currencies fiat, bitcoin can be used around the world. While fiat can only be used in certain areas.
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Security Cheap transfers around the world (where there is Internet) Privacy protection Anonymity Simple payment system from smartphone No need to keep the computer / smartphone on or somehow manually take bitcoins No inflation Inability to refund payments. Low interest rates High transparency of operations.
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Microsoft founder Bill Gates, who recently became the richest person in the world, answered questions about the crypto currency in a short and rather confusing way, although this time he spoke more about bitkoyne in more detail than in previous interviews. To comment on the phenomenon of Bitcoin and its ability to provide a network for transmitting transactions around the world at virtually no cost, Gates told Bloomberg:"Bitcoin is better than (fiat) currencies in that you do not have to be physically in a particular place, for example in a bank, but it's quite inconvenient for large transactions of crypto currency." At the same time, with the obviously positive qualities of the Crypto currency, Gates continued to argue that, although the world needs cheaper payments, Bitcoin is not the best example of what the payment market should look like in the future.Gates suggested that Bitcoin will not be able to develop in the mass market due to its anonymity, as well as its association with terrorism and money laundering. He added: "The clients we are talking about do not try to remain anonymous, they are ready to be known if to create a technology similar to bitcoin, where there are all the positive qualities inherent in the crypto currency, but at the same time people feel comfortable and that it has nothing in common With terrorism or any type of money laundering. "The interview was held at Sibos 2014, a banking and financial conference in Boston, which also addressed the challenges facing the financial industry and various electronic payment technologies. It is noteworthy that the first day of the event was dedicated to the events that took place in the world of digital currencies, with representatives of Circle, Etherium and Ripple Labs.In new statements by Bill Gates, there has been some progress in discussing the prospects of crypto-currencies. In February of this year, Gates took part in Ask Me Anything on the network resource Reddit, where several users asked him to express their thoughts on the prospects bitcoin. Gates did not specifically answer the question on crypto-currencies, instead focusing his compliments on electronic payment systems, such as Kenya's mobile payment services, M-PESA. Gates addressed Bitcoin only once, saying: "My fund is involved in the development of digital money, but unlike Bitcoin they will not be anonymous digital currencies."
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I did not think that it would happen so quickly, I was counting on that it would be a while since people are not adapted to crypto-currencies and I do not think that this is a good idea.
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Others are afraid of the North as it is a Communist country with its speicical manners of the introduction of affairs and the policy of governing the state. North Korea does not recognize other countries and their manners for managing affairs and poses a threat to others as it is unpredictable in decision-making in the sphere of domestic and international politics. Thus, the surrounding countries take a number of measures to avoid the possibility of carrying out suspicious actions by North Korea
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Very pressing issue, I do not want to die yet, huh)) But answering the question I can say that bitcoin was a part of my capital, right? I would accordingly include it in the will as my children would have more, but when I die (I hope not soon, hahah) I think everything will be built on the crypto currency, respectively In a few years, this question will not have to be asked since he will not require an answer
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Cash vs Bitcoin
I know, that’s not a substantial answer. Even there’s many more shops accept Bitcoin, they are still factions. But there’s some more actually perhaps Bitcoin can do.
Capital Control
There are very few countries having capital control. i.e. there’s limitations on the amount of money you move in or out the countries. Some people who want to move money out of the countries buy bitcoins. They buy bitcoin, transfer it to foreign countries and exchange back to currencies. That’s a gray area activity in many authorities, as many countries still don’t regard Bitcoin as currency. If Bitcoin is officially started as currency, then it’s likely illegal
Hide Wealth
Bitcoin is one of the very good choices here as it’s digital currency. You can store your bitcoin even on a piece of paper or use physical wallet. Some rich people who would like to hide some part of their wealth from bank/security accounts. The Swiss bank was a good option to do it but not anymore. The common way is to put cash or valuable goods or commodities (like the art piece, gold, diamond) but those take-up spaces and you need to find safe space to accumulate them.
Easy Payments
There’s still many people in the world that don’t have bank accounts, while internet access is easier. Bitcoin permit them to pay others easier than bank transfer and credit cards for transactions.
Think we missed something? Let us know in the comments section below.
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In our world a bunch of billionaires and analysts in the given sphere who certainly have more
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At a clever disposition, bitcoin makes the distribution of our capitals more simple. This industry will develop further and minor deficiencies will be corrected. The world always changes and our future is crypto
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I agree that this is possible in theory but in practice this is not working because there are a number of reasons listed above. I agree in this matter with the comments of others
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