Bitcoin is difficult to explain. I also felt difficult in understanding bitcoin for the first time. Let's share how to explain bitcoin to children of teenagers. In My country I can say 95% children don't know bitcoin. In fact, bitcoin can be future money. If the children not familiar with cryptocurrency or bitcoin, how can they face the digital era in the future.

As for Bitcoin, you don't have inside knowledge as to the probability of future success of Bitcoin. In fact, no one does. What we have at the moment is market prices: where the risk appetite is satisfied by the Bitcoin supply. At any point in time, the market's opinion is that over the long term, the expected value of Bitocin will be the same + the time value of money (the interest rate). If lots of people think it will go up, the prices will rise accordingly. If lots of people think it will drop, prices will fall. Sometimes they may have good reasons to do so which don't conflict with your own (maybe they are optimizing a larger portfolio and are selling to reduce the correlation between their holdings; maybe they are in urgent need of cash) but often they will sell because their beliefs about the future value of bitcoin are directly opposed to yours.
 

Torrents make heavy use of checksumming/hashing, so while in the block chain you need to have all previous headers to verify the current one, in a torrent file you just need any chunk of data. Other comments were saying that a feature was being implemented so that all of the headers would be downloaded first and the actual blocks could then be downloaded in any order. I'm guessing the client pretty much has to download the headers serially still in order for the distributed nature to continue working. Serial downloading of the blockchain probably makes it easier for the client to check that nobody is bullshitting them with an incorrect version of the blockchain.

As bitcoin continues to spread it wings, multiple industries are starting to accept it as a payment option. One of the key attributes of bitcoin is that it is borderless. This enables its easy use across the globe, without having to visit currency exchanges and pay their commissions and fees. Moreover, it also helps in avoiding the need to carry much cash around. This made it the first major travel company to accept payments in digital currency. Bitcoin has been integrated into the payment options for customers at check-out, that includes other options such as PayPal, Visa as well.

Invest for the long term and never invest more than you are willing to lose. But do not make the mistake of not investing at all. And always keep in mind that Cryptomarket is not a place where money is thrown at you but rather a brutal market where all your assets could go to zero overnight. So far my personal favorite crypto currency is Bitconnect. You may want to invest in it too as I have been getting the best returns from them out of all the platforms I have invested in.

That's when cryptocurrencies will begin breaking the monopolies of governments to collect seigniorage income—the acquisition of commodities and assets by printing money.  Sadly for Bitcoin enthusiasts, the day Bitcoin replaces national currencies will never come. Big governments have the power to crush Bitcoin before Bitcoin crushes them. But things may change once cryptocurrencies gain greater acceptance by the "early majority," a larger group of individuals that turns the small demand for these currencies into a cascade, replacing national currencies as a medium of exchange and store of value. Still, the digital currency won't disappear. The technology behind it is far too powerful to be controlled by big government. Bitcoin will return back to its old role: a collectible currency for tech savvy enthusiasts.

I think you live in Wonderland. The reason there is contraband is precisely because the government controls everything, from currency up to what gets in and out. Bitcoin means lack of control for the government, and they'll see that quickly once they see they can't stop it, issue it, or hoard it, so they will make it ilegal and call it an evil abomination of the empire. And the first thing that will happen is that your bank accounts in mercantil and other banks will be frozen.
The way Bitcoin will happen in Venezuela will be organic, it will be first out of us eventually convincing people to accept Bitcoin as a form of payment for remote work

If you're a bitcoin user, one of your biggest problems is finding places to spend your bitcoin. Converting fiat currencies into bitcoin – and vice-versa – can take days, multiple accounts, and multiple apps. The BitPay app is our way of making it a bit easier. Our integration with bitcoin exchange Glidera lets you buy and sell bitcoin directly to and from addresses you control. That means you never have to store your bitcoin in an exchange account.

In the BU system, node operators can choose the blocksize limit they vote on by modifying their client via a GUI menu and miners choose to increase or decrease the blocksize according to what nodes are voting on. This would, in theory, create a system where Bitcoin scales according to the space needed to accommodate the transactions in the network which is prone to keep growing like Bitcoin’s popularity and user base.
This system allows users to choose the maximum block size they want to accept as valid. However, there is a user-configurable failsafe mechanism that allows users to accept a block larger than the limit they have previously set if the number of blocks above this limit reaches a certain number. This system ensures that no users are accidentally left behind.

The potential impact of the digital currency on the central banking should not be taken lightly. The Bank for International Settlements (BIS), jointly owned by the world’s leading central banks, noted in November that bitcoin could interrupt the ability of central banks to exert control over the economy, as well as issuing money.
As of now, many central banks are closely observing developments in the growth of bitcoin. Many others, however, have already responded by sending out proposals for the issuance of a digital version of their fiat currencies. The central banks of Canada and Ecuador are a few among the first to explore such opportunities. In recent years, the influence of Bitcoin has brought change to variety of industries.

The latest draft also includes an on-ramp for small startups, along the lines of the plan advocated since the BitLicense comment periods of last summer and in our state framework. This means that by meeting standards set by the legislation, a small company will be able to operate without paying the full licensing fee or meeting the full requirements of licensure.

Anything below should not be viewed as investment advice. Cryptocurrency markets are unregulated and subject to marked manipulation and so carry heavy risks. Professional advice should always be sought. If you decide to invest go in with your eyes open that you could lose everything and make your own assessment and educate yourself about the market and the technology.

Most professional teams aren’t phased by he release because most who have been in the space for a while were always aware of such things as the Howey test which is used to ascertain if a financial instrument is a security of not (for an introduction to the Howey Test, please see this article by Findlaw What Is the Howey Test? - FindLaw. Most professional teams are calling themselves Token Sales and not ICOs to get away from any hints of being a secuity. The SEC and other global registries have limited budgets. Our view is that they HAVE to go after the really bad actors - those that have a blatant scam in place. Equally, more likely than not they will go after those that have raised substantial funds - there is a honey pot for them to get their teeth into. Those that have done the right thing generally will probably fall beneath the radar (although no guarantees of course) . The challenge is that most regulators have 7 years to come after you … and in different countries. In theory, the SEC could extradite someone from overseas of they have done something bad (like defrauding) to a US citizen… they have draconian powers.

The rapid increase of bitcoin can cause an imbalance of supply and demand. At the same time, as the product of the algorithm, completely exchanged on the internet, bitcoin is the bait of cybercriminals. This currency is easy to "evaporate" when there are any trading fluctuations. This currency is also used in the underworld, where governments can not keep track of money laundering, prohibited purchases, and crime. And the biggest risk is that many central banks deny the value of the currency. Bitcoin will continue to grow, attracting investors because the profits that this virtual currency bring is very attractive. However, this is also the most risky currency.

Tax avoidance by tech companies is a serious issue. Someone has to pay for police, roads, governments etc that they need to survive. But the Four Horsemen – Apple, Amazon, Google, and Facebook — pay far less than the average US corporate tax rate. what happens to tech companies if they paid the same amount of tax as everyone else. Would they be able to compete

Blockchain as we already know, is a public ledger that stores all the recent and past transactions related to the bitcoin or any other cryptocurrency based on this technology. All these transactions are stored in a number of blocks that make up the entire blockchain. Every block is crammed with the recent transactions and it is then added to the blockchain as a permanent database. Whenever a block is completed, a new one is generated. The prime aspect of blockchain that helps fighting corruption is its transparency. The blockchain not just stores all the transactions in a ledger but also makes it accessible to all the nodes in the network thereby providing a transparency to the users. This transparency can be helpful in keeping an eye on the government officials and refraining them from making a wrong use of their power. It can be done by cramming all the financial transactions of the government officials in the blockchain where each block represents an individual bank statement. And since the ledger is shared with all the participating nodes, it is almost impossible to forge or destroy. So in this way, it can be effectively used to curb the widespread corruption in various countries. The only problem with the blockchain technology is the size limitation. And it is only due to this size limitation that it’s very difficult to use the similar blockchain based ledgers in bigger countries like India. Because if we do so, then it would require enormous computing power and larger storage space. But if are able to deal with this storage problem, then blockchain can definitely change the face of a country.

On the 9th of September a mainstream financial news report from Caixin announced that the top three Bitcoin exchanges in China would be closed down, in an article titled “The end of the virtual currency exchange era.” On Friday, the two largest Chinese cryptocurrency exchanges, OKCoin and Huobi, each made announcements, at roughly the same time. In similarly-worded statements. Both companies posted announcements on their respective sites, clarifying that they would each close the yuan trading part of their business as of October 30, and encouraged all customers to withdraw their fiat currencies as soon as possible.

I think it is a good thing, it is a good news not only for me but for all the bitcoin users and holders in world. Bitcoin can raise up more the price in future, we only need the demand of Bitcoin also grow like the price of Bitcoin. Hopefully it continue to rise to the point that exceeds the high price before.

They are afraid of those who invest in bitco machines, not managed by the government. In general, because companies can manage and => tax

it is mine i will keep, Now that so many people are investing ETH will push up ETH prices