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1  Bitcoin / Bitcoin Discussion / Re: What do you think are the biggest disadvantages of Bitcoin? on: January 22, 2018, 08:40:01 PM
Since there is no central authority governing Bitcoins, no one can guarantee its minimum valuation. If a large group of merchants decide to “dump” Bitcoins and leave the system, its valuation will decrease greatly which will immensely hurt users who have a large amount of wealth invested in Bitcoins. The decentralized nature of bitcoin is both a curse and blessing.

2  Bitcoin / Bitcoin Discussion / Re: How did you first hear about bitcoin? on: January 13, 2018, 07:19:28 PM
Honestly I am not sure, but if I check my mail history it could be entirely due to Mises Institute - they picked up on Bitcoin pretty quickly as the intentions behind the currency fit their econo-political perspectives. Either 2012 or earlier.
3  Bitcoin / Bitcoin Discussion / Re: Why people sell bitcoins? on: January 02, 2018, 06:11:05 PM
They might be using smaller exchanges or just transacting with people locally. Everyone is free to set their own prices for exchange. To avoid revealing any personal information (signing up for an account at an exchange, linking to bank account, etc) and maintain complete secrecy the seller might accept a lower exchange rate than the averages.
4  Bitcoin / Bitcoin Discussion / Re: Why Bitcoin is better than Cash. on: December 07, 2017, 09:32:28 PM
A few benefits of using bitcoins which make it better than any conventional currency;

It’s faster, cheaper, more secure and immutable. Cash is controlled by banks while bitcoin has owners.As we already know, Bitcoin can help us do online shopping. It’s like an e-wallet which can be created blockchain technology to store, track and spend digital money.Bitcoin has a global acceptance and is less volatile than cash / local currency. Due to this feature, it becomes easier to conduct transactions across boundaries and online.
I want to add something that no real way of keeping a track of conventional currency the underlying technology behind bitcoin, which is, blockchain is what makes or breaks it. Thousands of computers in a distributed network use cryptographic techniques to create a permanent, public record of every single Bitcoin transaction that has ever occurred. This record will be very valuable for various things besides tracking payment. While there is no real way of tracking cash.
5  Local / Konu Dışı / Re: En sevdiğiniz film sahnesi on: November 21, 2017, 04:19:57 PM
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