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Like all the coins out there that were developed to sincerely address one or more problems in Blockchain ecosystem. The large number signifies growing interests and large efforts.
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What do I answer if someone asks me this question? I have done some research but I am still confused so kindly help me out. And this is my first thread on forum kindly excuse me if I made any mistake.
Thank you!
Blockchain is a technology with many applications whereas cryptocurrency is only a part of the blockchain applications. There are other applications without need for cryptocurrency. That was basically the OP's question. In my opinion, there are no really sensible applications of a blockchain without a cryptocurrency, because that would then mostly be a private blockchain and, essentially, just a very inefficient database. Perhaps need more understanding of the core fundamentals of Blockchain technology, its foundation and wider applications before asserting the ' impossibility of its existence without a cryptocurrency'. Bitcoin is a cryptocurrency that made Blockchain famous but this does not mean that Blockchain is all about cryptocurrencies and cannot exist without one. Blockchain has been in use for unconventional hightechs without crytpocurrencies involved. |
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What do I answer if someone asks me this question? I have done some research but I am still confused so kindly help me out. And this is my first thread on forum kindly excuse me if I made any mistake.
Thank you!
Blockchain is a technology with many applications whereas cryptocurrency is only a part of the blockchain applications. There are other applications without need for cryptocurrency. |
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Banks and other financial institutions pay very close attention to cryptocurrency, yet the vast majority of them are reluctant to take the plunge. A few of Switzerland’s top private banking institutions, however, are eager to facilitate cryptocurrency transactions.
Two of the banks are;
Falcon Private BankBanks e a Change
Maerki Baumann private bank
Customers can now send their digital asset to the bank.
What's the implication?
The implication is that Falcon and Maerki Baumann banks are open to the positive potentials of Blockchain technology and can now count as part of the NEW global economy. |
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Having a whitepaper is not a guarantee that an ICO is genuine. There are lots of copycat whitepapers and not difficult to spot for the learned. It helps to have a focus-based whitepaper with genuine intention behind it to fulfill the tasks of the project before the ICO.
Whitepapers for ICO could be publicly assessed or privately obtained upon request. It is a red-flag to not have whitepaper at all before ICO.
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Bitcoin will not fail because 60% of world population cannot access computer. As Bitcoin and other cryptocurrencies continue to evolve and become known, there will be increased motivation to have computers by people who don't have. But in reality, people will not have need to access computers in order to use Bitcoin because there will be more Bitcoin ATM machines for transactions and accessing wallets. Transactions by phones are nowadays popular in remote villages and paper wallets also exist.
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Knowing that you could get free coins from Airdrops, would you exchange it once you got the coins or hold it until the vslue rises up?
It is more of a question about what the general purpose and significance of an Airdrop is? Preferably will like to fulfill the purpose of getting the free coins. If holding the free coins from Airdrops will be rewarded through something like PoS, then hold it to support the coins/tokens and receive even more over time. |
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Hey folks,
what do you think, which tokens are a great investment for 5-10 years?
All people tend to speculate on short-term moves but I am more interested in tokens that will go up x times over the next couple of years...
so to say, the Amazons and Googles of the crypto world.
Which coins are REALLY GROUNDBREAKING in your eyes and why?
I mean Bitcoin started the whole thing but technically there are so much better, safer, faster, more anonymous coins that should take over in the long run.
Please share your opinions
It will be good to continue supporting Bitcoin globally, not taking over but coexist in parallel to advance the ecosystem. Looking for an altcoin/token to add to your portfolio for stability and business, you may go for ONNICOIN because it is designed to be safe and stable cryptocurrency for common users and businesses, though in tandem is designed with bespoke hemivolatility for routine currency traders. - UK Enterprises are already accepting ONNI for business. - Over time the price will increase. - Designed with base protocols including Mineable with Non-linear difficulty, Multi-algo based (first instance already running on Ethereum ETHASH), Anonymity & Deanonymity, Alternative Internet for emergency, secured Biz platform, PoW/PoS, etc. - Onni is already on decentralized exchanges and you can swap Onni/BTC, Onni/ETH...etc. |
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Bitcoin will not die because of global regulations. |
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Let's consider this : Governments cannot stop Bitcoin by stopping the technology, but they can kill the interest that people have in buying bitcoins. Could governments with the help of Banks, be behind this falling price? Last year we saw a huge increase in the price and I was thinking that it could have been a collective buying strategy by Banks to buy a lot of coins for a synchronized dump in 2018. If the Banks bought a lot of coins last year at the beginning of the spike from $1000 and they triggered a buying frenzy, then most of the more expensive coins would have been bought by the public. So they might just have bought coins to trick other investors into buying more coins. So what is their goal? Their goal will be to break the demand for Crypto currencies and Bitcoin, by gradually dumping the cheap coins that they bought at the start of last year and pushing the price down. <Like what is happening now> They know investors will have bought at the higher end, say $10 000 to $19000 and these people would probably have lost money, when they started dumping in 2018. They saw that "demand" for Crypto currencies increased, when there is a constant increase in the price and they are now creating a constant decrease in the price to break people's confidence in the technology and also the demand for the coins. They will obviously use untraceable methods to do this, because the Banks are helping to hide the origin of this money.  They can only print a few Billions more to execute this strategy and this will go unnoticed, because it is toilet paper money.  This is the only logical reason why we are seeing a constant decrease in the price, in spite of all the good progress that we have made. It also explains the large spike in the price in 2017. Hodl on guys and gals, do not be tricked by these cheap tactics. <If this is true>  This assumption cannot be ruled out as the cause of falling Bitcoin price. It is also important to take into account the fact that Bitmain, the manufacturer of ASICs, controls more than 65% of total Bitcoin's pooling hashrates (directly & through pool networks) which generate bitcoins and therefore can have stockpiles of bitcoins to influence market pricing. |
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One amazing real life usage of bitcoin can be found in people who feed their families with Bitcoin Satoshis earned from faucets. Another valuable usage is in some businesses that are accepting Bitcoin for payments and refunds even with the price fluctuations.
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Can't imagine how people can love EtherDelta or ForkDelta. For me it's lost language. It's pretty easy to buy coins, but graphs and everything else is terrible and terrifying  You can use ETHplorer for the graphs. DEX is still evolving and these platforms are making it a reality. DEX will get better and better  |
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Up to this very moment, I am still trying to figure out how to use a DEX. I think I prefer CEX. The more liquidity and more user friendly interface of CEX makes me not want to venture into using a DEX. I tried one with forkdelta but I never succeeded I just gave up.
Try EtherDelta with their userguides on Reddit. Endeavor to use MetaMask which makes it so easy and smooth. |
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If you look at it as Currency, it is difficult for an average person to understand it because it is different.
Bitcoin, being a different kind of a digital currency, it breaks down conventional thinking in many aspects. No central regulatory body. The concept of mining. The open-ledger (blockchain), the way miners are rewarded, how transporting value is determined by its packet size and not value, the hash rate, the concept of limited supply. The 100 Million pennies in a Bitcoin, etc.
Its difficult enough for people in the money space to thoroughly understand Bitcoin (we all say we understand it, but do we really?).
For a common person, its an overkill. Its like trying to explain the concept of TCP/IP, Networking, Routing, the Internet for someone who wants to use email. Overkill.
The technology behind Bitcoin and Blockchain in general is truly complex for a common person. However, an ordinary user don't need to get 'too' involved in the back-end complexities in order to adopt and use bitcoin and other cryptocurrencies. Nevertheless, it worth it to learn the simple basics of cryptocurrencies at own pace. |
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I'm just reading an article in the newspaper. Klaus W. Wellershoff (a last chief in UBS Bank) says that's impossible to use a currency with volatility as money. If the value of the money decrease, that means the value of the merchandise decrease. For example : if you buy a flat with bitcoin and few years later the bitcoin value decrease... Your flat lose his value as well.
What do you think about this argument?
By definition, volatility means 'characterized by or subject to rapid or unexpected change' (Merriam Webster Dictionary). All traded Fiats are by this definition volatile. And they have continued to exist as national currencies and acceptable money. What Klaus W. Wellershoff should have talked about is the 'classical degree of volatility' of a currency. Is it high, is it average or is it low? Currencies with low and average volatility are relatively stable over time. When you plot the value of currencies over time, you will see spikes and these spikes are 'rapid and unexpected changes' aka volatility. Note that CURRENCY TRADERS CHERISH VOLATILITY & there are numerous reasons as pointed out on this forum in another thread. https://bitcointalk.org/index.php?topic=4394710.msg39139333#msg39139333 A digital currency can be designed to be both STABLE to satisfy & protect the daily utility of ordinary users and moderately VOLATILE to satisfy the appetite of currency traders. |
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WIll ETH pass BTC in 2019 ?
Uncertainties... |
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...That means, if all BitCoin blocks are mined in several years, does BitCoin lose its usage as transaction?
Is that right? ...
No. Transactions will continue
... Also can anyone recommend me a good site where I can learn about types of cryptocurrency proofs?
Works well if you can search online by yourself in Google, Wikis, Forums, etc. |
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Hello people, i'm new in the crypto worlds , i have two questions please i need logic answers . 1 - will mining will ever stop ? 2 - what will happens when the cryptocurrency reaches it limits ( example : bitcoin 21M , ETH .... , and other curriencies ) ? will they win money after the currencies reaches its limits ? thank you ! Answers 1. No 2. (i) Re-model and (ii) Trade/Swap |
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24hr change = $-39.18
It's been fluctuating within the 'range' for a while. Progress of discussion between Geth and Parity?
Significant impact on Bitcoin price?
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@aliashraf @anunimint
Congratulations you progressed despite the high entropy of the thread. Very Glad!
Implementation and testing phase, even to mvp, will shine light on any unresolved issues and hopefully they will be addressed.
@anunimint How are you getting on with your health (read your post about the complications)... Wish you to get better and better soon.
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