 Show Posts
|
|
Pages: [1]
|
Although this seems unrelated I just had the curiosity to know how many people over here knew who Stan Lee was or at least how famous was Stan Lee among the crypto community?
Since most crypto enthusiasts are nerds, I would imagine most of us have heard of him. :/ RIP, imaginative one.  RIP Stan Lee. |
|
|
|
Satoshi Nakamoto would be mystique!
I can agree with that. |
|
|
|
|
A great comic writer now dead. He was such an amazing person. He gave us all so much. I mean the very fantasy that most have being brought to life. The movies that marvel has been able to make. It has been one amazing life for him and he shared that with us. The Hulk, Iron man, Captain America etc.. are all such great hero's that could probably never be replaced in the realm of comics.
Although this seems unrelated I just had the curiosity to know how many people over here knew who Stan Lee was or at least how famous was Stan Lee among the crypto community?
And hey if you can which character would you place Satoshi nakamoto as in the marvel universe?
|
|
|
|
In order to understand why the government hates bitcoin we need to understand how money actually worksIn the history of the United States, the US dollar has been built on the "silver standard" and the "gold standard,". This means that the value of a dollar was directly tied to the country's silver or gold reserves. This is true in case of all currencies be it the Indian Rupee or The Chinese yen. A more simplified version of understanding this would be that any money you possessed could directly be exchanged for its value in whatever material it was being backed by. This is known as a commodity currency which does not exist in the current economy. As an example, Lets say that you own a paper currency worth $ 20. Now you can take that paper bill and exchange it for gold or any other material backing it up which had the same $ 20 value. But in the current economy the world runs on fiat currencies whose value is derived from the government that backs it. Plain and simple, a US dollar has value as legal tender because the US government says it does. Though this system isn't perfect, it has served its purpose for many years. The government loves fiat currency because it is centralized which means control is also centralized on the production and distribution of their respective fiat currencies via large central banks. What this means for the banks They can track the currency's location in bank accounts, dictate its movement, and collect taxes on every financial transaction that includes their currency. This also helps the governments to try and keep their economy healthy by adjusting the amount of money in circulation to try and stimulate Wall Street investors or avoid a financial crisis. Now why is bitcoin made? The basic ideology behind Bitcoin is to use a combination of public-key cryptography and peer-to-peer networking to create a virtual analogy of gold, that is to say, a substance that is scarce and fungible. Satoshi Nakamoto devised did arrange a set of restrictions in order to ensure that bitcoin is not misued to an extent like the fact that there can only ever be 21 Million bitcoins ever in existence and as time progresses it will become difficult to mine bitcoins. Nakamoto in 2009 - The root problem with conventional currency, is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the
history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves
of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts." In contrast,
everything in Nakamoto's system "is based on crypto proof rather than trust . But is it really that simpleIt is not as simple as "The government likes to control and tax the movement of money" that makes them seem evil or greedy. The truth however is that if all currencies are decentralized, who would determines their value? Bitcoin is only in the virtual form, how can we protect oourself from hackers or technical glitches? These questions are just some of the reasons why there is no telling what the future of cryptocurrencies holds, but it isn't wrong to say that Bitcoin and other cryptocurrencies will not be replacing government-backed fiat currencies any time soon. This however does not mean that there isn't a future where cryptocurrencies will be treated as regulated global currencies. Of course if we include the corrupt institutions, politicians then we can say the government is evil and greedy. For bitcoin to become truly succesful it must be both a medium of exchange and a reasonably stable store of value. isn't it obvious? Not to everyone. |
|
|
|
|
Miners are like accountants that verify the transactions. And as accurately pointed out blockchain does eliminate the need for middlemen not only this it also solves the double spending problem. The fact with blockchain is that the original file is used and not a copy which because currently our internet works on those principles so when you download a file it is a copy and never the original.
Thought maybe the above might help elaborate a little more on the topic.
|
|
|
|
it gets the awareness up but general adoption? I think not. It needs more than mentions on famous pop culture media to be perfectly honest; it needs more real-world applications, more use-cases and more places to spend. While it increases the exposure cryptocurrencies get, it still lacks something to push things forward. Most people are inclined to think that mainstream media mentions make a huge dent on things that are quite obscure, but in reality, it doesn't, it only gets people interested for a short while and completely forgets about bitcoin and crypto after some time since they have no motivation and incentive to use it and dig deeper.
Valid argument but lets suppose a situation where the chatter of bitcoins increases and more references to bitcoins are brought up. A similar example is 'The Big Bang Theory' was one such popular show to bring about the mention of bitcoins. |
|
|
|
I would hold your bullish sentiments in check for a moment yet.
Correct me if I'm wrong, but the audience of Coronation Street is largely middle-aged and older women. I'm not being ageist or sexist here when I say that they are not exactly crypto's strongest supporters or key demographic. Sure, any mainstream exposure is good, but this alone will make negligible difference in the long run.
What if the middle-aged and older women are people with power and they seem to be intrigued by the mention of bitcoins which could get them to talk to others of the same age or category of people and this spreads awareness which could intern lead to maybe not a significant portion but a group of people now aware of what bitcoin is. In its simplest form I would call this a form of gossip. |
|
|
|
First we see bitcoin mentioned in a song from eminem and now bitcoin is mentioned in a famous soap opera Coronation Street which has a whopping 8 million views per episode this might just provide bitcoin a major push. Pop culture shows have become very famous and bitcoin being mentioned in a show just comes to show the attention it has grasped. Although bitcoin is still a well known cryptocurrency a huge segment of the world's population are unaware of bitcoin. This just might help set the stage ablaze and help bitcoin become a worldwide accepted legit means of currencyWhat do you guys think ? Source: https://www.forbes.com/sites/billybambrough/2018/09/11/bitcoin-and-crypto-get-major-british-soap-exposure/#d0b0f765d4f8
|
|
|
|
Even the market is going down now but i think it will come back soon. And the prediction that bitcoin hit $96000 in the next 5 years will come true.
I do believe $100 000 is possible under some circumstances, but it doesn't mean that me or you will be able to sell our btc for that price. If that huge spike happens, too many btc millionaires will appear, which is undesirable. Could you elaborate ? |
|
|
|
As quoted by an analyst from the article (Source mentioned below) "Currently, the vast majority of the total cryptoasset market capitalization is held in traditional store of value markets, with offshore deposits accounting for nearly 40% of the total," they stated in the report.
Going forward, growth in this market capitalization will come "primarily from increased store of value use case penetration," the analysts claimed.
Further, they predicted that as custody solutions "come online," the "penetration" of offshore deposits will increase "dramatically." Adding to this I personally find it a possiblity due to the recent reports as mentioned below1. A dealership in Houston Texas accepting bitcoins for the purchase of Rolls Royce cars
2. Goldman Sachs CFO says bank is working on bitcoin derivative for clients
3. Major Japanese Department Store Chain Marui Accepts BitcoinGoldman Sachs cryptoasset market capitalization plans seem to be inline with the analysts claims. Maybe it is hard to predict the exact value of bitcoins in the next 5 years but these are major player adopting bitcoins which will contribute significantly towards the growth and adoption rate of bitcoins. Is the prediction over bullish in your opinion ?Source:https://www.forbes.com/sites/cbovaird/2018/09/10/will-bitcoin-reach-96000-by-2023/#79d5b93237dc |
|
|
|
Along with the recent rise in the use of cryptocurrencies and the US SEC gearing up to provide a verdict on multiple Bitcoin ETFs, here we have a luxury brand opting to transactions using Bitcoin.
A Rolls-Royce dealership, Post Oak Motors, in Houston, Texas is now accepting Bitcoin and Bitcoin cash in exchange for the vehicle.
Although this is not the first time that this has been done by an automobile company Earlier this year, a California dealership began accepting Bitcoin for Bugatti Chiron and Pagani Huayra purchases. But it is great to see that bitcoins is now one step closer to becoming a legitimate means to purchase goods. This, again should contribute to investor confidence.
Any chance we are gonna see other luxury brands follow the same tracks?
Any link of the source of the news ? Rolls Royce is a great car brand, i know it wont be easy for such company accept bitcoin. If this is really happened, the other big name maybe will accepting bitcoin too. Not only bitcoin but the other altcoins as well. The chance is not impossible. Here is the link to the article I've read it from: https://auto.ndtv.com/news/now-you-can-buy-a-rolls-royce-using-bitcoins-in-the-usa-1912875 |
|
|
|
Dream of buying a car for bitcoin.
Meybe in 2019 worlds sellers can understand this...
But while we wait(
We wouldn't have to wait for that long I mean we are in the September 2018 so probably less than a year. |
|
|
|
|
Along with the recent rise in the use of cryptocurrencies and the US SEC gearing up to provide a verdict on multiple Bitcoin ETFs, here we have a luxury brand opting to transactions using Bitcoin.
A Rolls-Royce dealership, Post Oak Motors, in Houston, Texas is now accepting Bitcoin and Bitcoin cash in exchange for the vehicle.
Although this is not the first time that this has been done by an automobile company Earlier this year, a California dealership began accepting Bitcoin for Bugatti Chiron and Pagani Huayra purchases. But it is great to see that bitcoins is now one step closer to becoming a legitimate means to purchase goods. This, again should contribute to investor confidence.
Any chance we are gonna see other luxury brands follow the same tracks?
|
|
|
|
|
