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No I believe and government that relies on tax is fundamentally fucked anyway so fuck those governments.
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I think it's bad for bitcoin..... adds to confusion, adds to the politics (see bitcoin cash). Forks should not be allowed the prefix of bitcoin. They are just alts.
bitcoin is open source, this means you cannot forbid forks. I didn't say that... i said that the prefix 'bitcoin' should not be allowed on forked coins (exchanges, news outlets, the community would need to enforce this). It is confusing new users. Allowed is maybe not the best word... it should not be accepted. do not blindly trust people claiming amazing things. the prefix "bitcoin" has every right to be there in forked coins. a forked coin shares the exact same transaction history as the "original" coin til a specific block height. this guarantees that if bad actors try to influence bitcoin's development and thus turn it into something it is not supposed to be, there is still the possibility to fork and the true bitcoin lives on. please question more. |
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The best way is to use a brainwallet.
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If your talking that much why not just invest in a hardware wallet like a Trezor?
They changed their software license from GPL to a much more restrictive license. A dick move that moves away from the open nature if the bitcoin ecosystem. |
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This is the same Forbes magazine whose front page last month was the declaration that all of crypto is just a bubble. Guess they like to spin it both ways.
Anyways, good on Crystal Rose for the positive blockchain press.
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Banking on Bitcoin: A Netflix Original
Featuring interviews with enthusiasts and experts, this documentary covers Bitcoin's roots, its future and the technology that makes it tick.
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Why do you dismiss Bitcoin as a commodity? There is a cost to mine bitcoin which is very measurable (computing power + electricity).
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This is how I see it. Correct me if I am wrong. If a percentage of the population makes a large amount of money would that money not be put back into the economy of that said country? Or does the government worried that they are running such a shithole of a country that everybody's going to flee once they get a few dollars in their pocket? I believe it is for the better of mankind. Live the way we are supposed to live without the continual pressure of the government dragging everybody down and robbing them blind.
Every fiat currency today is regulated by putting constant new amounts on the market. That way we get inflation. Inflation makes sure that everybody needs more money and keeps on working 40h or more, even if new technology should actually make us work less. Bitcoin doesn't have inflation. |
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Banning the whole Crypto currencies? This seems a type of useless as I don't how would that even work? How would they prevent everybody from not using the Crypto currencies? This is just like a situation that happened in my country some years ago when Youtube and Facebook were banned in the country but still the people were using both of them using proxies and nothing happened.
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nothing a bribe or two won't fix! The law is only the law if you haven't paid your way out of it yet. Guess the Polri (police) force is about to get a whole lot of btc for free.
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Our apologies for this long negotiations and misunderstanding. To protect users security we need to prove the identity, although we understand it can be irritating. Glad your case was resolved and account enabled.
I've read many people that have problem with their withdrawal and it some situations it seems like they do more than a month to solve it. Hope you solve this asap. |
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Whoever downvoted this, please leave a reason why. My anger about them is not justified?
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Will we ever use Bitcoin for day by day use? Buy a bread, a phone, a car, an appartment? Or Bitcoin will more likely be a way of just storing value and we have to rely on altcoins to use them daily?
I prefer your second opinion like BTC to be storing value. The costs prove it us. I dont think BTC will go down to costs of alts so we will use them for daily. Just a heads up to anyone getting into this field. Amongst the genuinely revolutionary tech is a minefield of scams and people simply pumping their own investments. For every over night millionaire there is a bunch of bag holders. Be very wary of people recommending this or that. Do your own research. Don't get emotional and 'panic buy'. And only invest what you can afford to loose. It's truly un unregulated wild west. Be careful. Yes, Bitcoin will perhaps solve it's problems. But at least Ethereum has a roadmap with plenty of developers working within to advance it's technology. I do a lot of research and all should do the same. The projects I mentioned are pretty solid. Most importantly these are relatively still in early stages of development or growth, bigger risks or bigger rewards, if as this article suggests crypto will go mainstream. |
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To complete a real-world transaction in which the buyer / seller requires a traditional currency.
Plenty of trades take place solely in bitcoin.
Think: drugs, extortion, you get the idea.
I'm not sure I really understand your comment. You could just as easily ask the question the other way around. Using cash to buy something is a method of exchange, that's all. Buying a cryptocurrency with cash is no different than buying foreign currency with cash. The only measure of the value you could ascertain from either transaction would be the exchange rate. |
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Bitcoin is slow to transact, energy intensive and if you lose it, you really lose it. You can't just call the bank to get it back.
It is, at the same time, intriguing and a very intelligent design. Nonetheless, it carries the seeds of its own destruction.
If you don't already know, bitcoin is 'produced' by vast data-centres, consuming on aggregate the same energy as the whole of Ireland. And that's with a current minuscule market cap.
Sustainable? Naah...
Have you considered the vast number of data centres full of whirring computers it takes to run the very Internet we converse on? It's only 'worth it' if you consider it worthwhile. You simply don't consider bitcoin worthwhile. While others clearly think that Bitcoin has tremendous value with much more to come. Perhaps they are wrong, or are you missing something? Well - we have currency today that is free and fast to transact, free to store and enables others to prosper, since our surpluses can be lent to others. Transactions are also guaranteed so that you are protected from fraud. Bitcoin is very slow to transact (about 10 mins), costs a lot to store, is not easy to lend and the big problem is this: if you are defrauded, then tough luck. It's gone. There maybe 250,000 active users of bitcoin, consuming more energy than the whole of Ireland, just to keep this ponzi scheme going. The internet on a whole uses a lot more energy than Bitcoin, but it is a lot more efficient in that I can send multiple online data transactions for a fraction of the energy expenditure required to make a single Bitcoin transactions. If Bitcoin had the same activity and economic output at the internet does currently, the energy expenditure needed to secure it would be orders of magnitude larger than the internet. You are forgetting Moore's law. And Bitcoins finite number. |
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logical fallacy
Sorry but the current system it totally open to criminals just as much as bitcoin. At least with bitcoin you can see every transaction on the ledger. |
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Money has been practically the same for hundreds of years, controlled at a centralized source, etc. Money is now entering an new era, acquiring new dimensions, becoming decentralized, and becoming smart  It will take a while for people to get used to this, but they will.... The criminals have got used to it very quickly indeed. That's what happens when you have no centralised control. |
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They are already mainstream - hence banks trying to exploit their value.
I'm not particularly enthused by bank-issued novel cryptocurrencies, though.
The entire idea is to not rely on a central issuing agency.
Crypto currency will be the cause of the next great economic crash Not the next one, that will be caused by an asset bubble, and is imminent, but maybe the one after that. |
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You have a point. Bitcoin can never be counterfeited, an advantage that physical money doesn't have. Also, being universal can also make it advantage. Time will come that we'll be living a cashless society.
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Yes, but not in near future. I was told that this electronic money was created in order to give population (world, poor, rich...) control of their own money without the need of a bank ("those bad guys"), But for that to succeed we have to give computers and internet access to all, and that we are forgetting.
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