Bitcoin Forum
June 22, 2024, 12:06:22 AM *
News: Voting for pizza day contest
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1] 2 »
1  Bitcoin / Bitcoin Discussion / Re: The middle ground for all skeptics and enthusiasts on: April 24, 2019, 11:03:43 AM
BTC indeed the future but FIAT will not die that's what I believe it, naturally people are skeptics cause maybe they see prices is fluctuate. I read articles about BTC used by cyber crime and I apologize that the article is not useful for me Grin crime can occur anywhere I think that fiat and  gold can also be associated with it.
Yes, but transferring BTC is much simpler the moving around a pile of cash or bits of gold, don't even mentioning doing it internationally. It is not about what "could" be associated with it but "is" associated already. And we can not really move forward with the adoption of crypto while it is associated with out of sight money transfers and simply scam projects.
2  Bitcoin / Bitcoin Discussion / The middle ground for all skeptics and enthusiasts on: April 23, 2019, 01:23:22 PM
I saw a lot of skeptics of BTC and crypto in real life, and lots of enthusiasts who see crypto world through rose-coloured glasses. I must admit personally I am leaning towards skeptics, I surely believe that future economic relations will change thanks to what BTC already did, but all those who say again and again"BTC is future, fiat will die" just do not understand what they are talking about simply misunderstanding what experts want to say.

Here is an article, which I believe provide middle grounds for both sides and would be useful for everyone here, in case you missed.
https://www.nytimes.com/2019/04/23/technology/bitcoin-tulip-mania-internet.html
3  Economy / Economics / Re: Undervalued Bitcoin Will Be a ‘Multi-Trillion Dollar Asset Class,’ Says Analyst on: April 22, 2019, 03:22:38 PM
Their conclusion starts with words "we believe", not forecast, predict, expect but "believe". And that's means they have no need for facts to prove their opinion.
Asserting that BTC is the best crypto and giving a price range from $3k to $6k. Do we need investments funds analytics for that?
4  Economy / Economics / Re: The History of Gold and Silver Points to the future of Cryptocurrency on: April 19, 2019, 03:14:05 PM
Some of the Muslim banks avoid debt which is against their religious code by issuance of Palladium bars at set prices agreed between customer and bank.   So its an agreement but without debt with profit for the bank in that agreement and of course the customer gains use of value they would not have otherwise.
So thats a kind of currency use without resort to FIAT leverage or legally relying on the status given by government.  I'm sure its with the knowledge of government but not exactly a new currency, more of an old one

Quote
So we find just another 12 trillions and we could move on and find the money for the rest of the world.
The use of gold or any of these alternatives to the dollar debt system as actually currency and stored as reserve asset would monetise and change the price for BTC or gold or anything.  It would all have to readjust, its hard to predict by saying the pricing now or even the supply, if gold is used more the supply will rise as certain deposits of gold become profitable to mine
So you just want to inflate their price disregarding it's a value? Imagine prices for electronics, medical and scientific equipment and so on when precious metals skyrocket. It will only increase the gap between rich and poor.
5  Economy / Economics / Re: The History of Gold and Silver Points to the future of Cryptocurrency on: April 18, 2019, 01:38:41 PM
Satoshi knew that fiat was a bullsh*t system which is why he created bitcoin in the first place. Gold is the only true store of value, and bitcoin is digital gold. No idea what fiat is..

Satoshi knew that fiat was a bullsh*t system which is why he created bitcoin in the first place. Gold is the only true store of value, and bitcoin is digital gold. No idea what fiat is..
Absolutely there is no doubt about this, Bitcoin will eventually become our digital gold in the nearest future, but fiat still has a great role to play in this industry. For now, until government dealers another mean as legal tender, there is no gold without fiat and there is no Bitcoin too without fiat.

For everyone to get gold, fiat must have exchanged hands while this is also applicable to Bitcoin too, that is why satoshi never created crypto to compete with fiat but rather serve as an alternative payment tool to fiat, so there is no competition here, bitcoin is just a way to simplify the difficulty fiat has brought to its user as regard payment.

What are you talking about? Did you ever look at BTC whitepaper? It describes different and very specific practical goals.
Quote
Abstract.
**A  purely   peer-to-peer   version   of   electronic   cash   would   allow   online
payments   to   be   sent   directly   from   one   party   to   another   without   going   through   a
financial institution.**  Digital signatures provide part of the solution, but the main
benefits are lost if a trusted third party is still required to prevent double-spending.
**We propose a solution to the double-spending problem using a peer-to-peer network.**
The   network   timestamps   transactions   by   hashing   them   into   an   ongoing   chain   of
hash-based proof-of-work, forming a record that cannot be changed without redoing
the proof-of-work.   The longest chain not only serves as proof of the sequence of
events witnessed, but proof that it came from the largest pool of CPU power.   As
long as a majority of CPU power is controlled by nodes that are not cooperating to
attack the network,  they'll  generate the  longest  chain  and  outpace attackers.   The
network itself requires minimal structure.   Messages are broadcast on a best effort
basis,   and   nodes   can   leave   and   rejoin   the   network   at   will,   accepting   the   longest
proof-of-work chain as proof of what happened while they were gone

People moved away from using gold as a basis because it became pointless, and you want to move back?
It is better to focus on new ways of economic interactions which could be done only via crypto, instead just adding "blockchain" and "BTC" everywhere you could. Nothing will change in the world economy if you keep threat new, potentially revolutionary things, the same way as old one.
6  Economy / Economics / Re: The History of Gold and Silver Points to the future of Cryptocurrency on: April 18, 2019, 07:22:14 AM
USA GDP in the fourth quarter of 2018 $20 870 000 000 000
https://www.bea.gov/news/2019/initial-gross-domestic-product-4th-quarter-and-annual-2018

BTC market cap: $92 612 555 685
https://coinmarketcap.com/

Gold supply around 190 040 tonnes, with price  41 035 600 USD per tonne
https://www.gold.org/about-gold/gold-supply/gold-mining/how-much-gold
Which will give us 190 040 * 41 035 600 and it will be roughly $7 798 405 425 000

So
20 870 000 000 000
 -7 798 405 425 000
      -92 612 555 685

So we find just another 12 trillions and we could move on and find the money for the rest of the world.
7  Economy / Economics / Re: Investing in Bitcoin in 2019? on: April 17, 2019, 02:34:15 PM
I've always been watching bitcoin since mid-2013 up to now, and the market/bubble is painfully toxic. I'm not a big investor or economist, and I probably still only have superficial knowledge on how the entire blockchain systems work.

I just patiently watch the graph, and keep telling myself not to invest because everyone tells me it's a giant bubble that will someday pop. Recently, I started to run a few side businesses dealing in Bitcoin as payment methods, but I've never stored it long term and always converted it to cash.

I remember back in 2014 when I first thought of investing in Bitcoin as a long-term investment, and obviously was pressured out of it because everyone kept thinking it was a bubble that was about to burst. I'm starting to think about it again now that Bitcoin is starting to crash - and generally speaking in the past it's done quite well after crashes, recovering and increasing every once in a while.


What do you guys think? Is it worth it to give it a try? This would be my second crypto investment, and I'd be throwing in $5-10,000 at most. Any ideas?
At this point see BTC savings and diversification instrument, rather than investment. If you nog going to actively trade it then do not expect it to bring you any meaningful income, and if you do going to trade, oh boy you need more luck then in a casino.
8  Alternate cryptocurrencies / Bounties (Altcoins) / Re: 🔥💰[Bounty] TRUEGYM - 💰💰3 000 000 TGC💰💰 for share, weekly rewards💰🔥 on: April 15, 2019, 01:54:34 PM
#Proof of authentication
Joined: Telegram
Bitcointalk Username: PlasmaBit
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2472105
9  Other / Beginners & Help / Re: Making cryptocurrency part of the basic level of education curriculum on: April 12, 2019, 09:54:36 AM
From the part of the country am from basic and lower level of education are called primary and secondary school. This are the building time and foundation level of any student and is knowledge the get from here they can use to build there next level of education.

I know by now some higher level institution has already started lecturing about cryptocurrency.
But as a teacher by profession am passionate about passing any knowledge I earn to someone else.

Cryptocurrency seems to be something of the future so I would be wise to inculcate it into our young ones(leaders of tomorrow) now so it would not look strange to them.

I don't run the biggest school in my area in fact it's on a low budget. But am trying to find the simplest ways to put out cryptocurrency Knowledge to this kids.
 
I have laid my hands on some books
*blockchain revolution, the internet of money, cryptoasset, digital gold, and age of cryptocurrency  this books has been very helpful and being here on the forum has giving me a direction.

The system of education in my country is not top notch so this would not be easy to set up but am willing to go the mile.
I  am very open to opinion, advices and newbies would benefit from the advices.



What country and region are you from exactly? Crypto knowledge, of course, could be useful, but you must be sure that you do not sacrifice other important topics. First of all, you should teach fundamental knowledge that will not become outdated.
10  Other / Off-topic / Re: How to lose weight? on: April 12, 2019, 07:59:15 AM
How do you lose weight, especially if you’ra hypersensitive person? There may be others out there who have tried taking medications but ended up stopping due to appearance of rashes in the body. What are the other measures for it, apart from exercise?
Diet is more effective than exercises for weight loss, excluding sugar, sweets, soda and bakery products.
Calculate your energy needs and count your calories intake. That's will do the trick but be patients and do not expect instant results.
11  Other / Off-topic / Re: bitcoin value on: April 12, 2019, 07:41:40 AM
1 Bitcoin equals 3,870.04 USD?
What will be the cost of bit coins in 2025?
As long as people looking for how many USD I can get for BTC instead of what good they can get for BTC it will not let crypto compete with fiat on equal conditions.
12  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Invest in ICO or buy BTC? on: April 10, 2019, 03:14:18 PM
Invest in ICO or buy BTC?

Would you rather:
have 90% chance to have at least 80% of the money invested in 1-2 years?
or
have 0.01% chance to x5 and 99.99% to lose all of them?

That how your questions sounds to me. Most ICOs are either scams or charities where you donate, do not really rely upon getting profits from them, unless you invest lots of money into lost of the project. In this case, maybe 1 project compensate yours loses from 1000 other.
13  Alternate cryptocurrencies / Speculation (Altcoins) / Re: are you afraid of the current market situation. on: April 10, 2019, 03:02:26 PM
I also felt something like that, with the decline in market prices getting worse and many ico failing I was very disappointed but I am sure the market will return to normal as before.
the price of all crypto will recover but sometime nobody knows, the positive trend at the beginning of April is pretty good and not only you but we are all happy. dont worry if there is a falling that is the process of going up to a high stage

When you say recover, what is your baseline? 20k/8k/6k or maybe 4k? At this point, I see some hype momentum still going on, at some point, it will end. To forecast price recover or grow we must see the integration of BTC into an economy, its adoption and usage, not speculations I gambling exchange we see now.
14  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin Garbage Or Gold on: April 10, 2019, 01:15:39 PM
The ones who says Bitcoin is a garbage are only saying it because they either have reputation,businesses,self interests and other things that might damage them in any way Bitcoin could. One other reason is someone had paid them to say such things, to tarnish and to demote what Bitcoin currently have. Now we see what potential it has and we the only ones who utilizes Bitcoin are able to understand what are it's uses to help some of our economic problems, individually or common groups and companies. As a whole crypto currencies is on it's stage of development and we haven't reached it's full potential yet. Now if they say it is still a garbage then it wold be too late for them to realize and accepts if this goes mainstream, that only means regret for them.
There is plenty of people who believe that the Earth is flat but you do not even consider that someone could not trust Bitcoin?
Let's face it, no matter how useful it is Bitcoin is not for everybody nor it will ever be. It has its own niche and applications but people, when enthusiast make a golden hammer from it, everything getting worse, not better.
15  Bitcoin / Bitcoin Discussion / Re: AGAIN: China says it wants to eliminate bitcoin mining on: April 09, 2019, 01:57:54 PM
If they're really ban mining, would BTC go up because of supply shortage or go down, because of "regulation" and then go up again when all panicked-citizen sell to people who understand its value? 
16  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Illuminates - transparent, fraud free ecosystem for startups on: April 09, 2019, 01:39:38 PM
Now ICO scammers will have a new options for turnkey ICO project that they can launch everyday Cheesy

Do you filter out the clients you will accept or you will accept anyone for as long as they can pay?
Didn't look at it from such point of view, but yeah sounds like it either will be scam free or only scammers would be there.
17  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Illuminates - transparent, fraud free ecosystem for startups on: April 09, 2019, 12:56:26 PM
What's the current stage of the project? Will it be tokensale?
Currently we are working on finalizing our MVP. As soon as we will release it, we will anounce the first round of token sale.
How soon you plan to release it after all and what functionality will be in the first release?
18  Local / Бизнес / Re: Crypto-A - ICO и STO под ключ on: April 08, 2019, 02:35:36 PM
Владею небольшой сетью ювелирных магазинов и хотел бы провести ICO, для того чтобы привлечь финансирование на расширение бизнеса. Что вы думаете по этому поводу? Можете, что-нибудь посоветовать? На что мне следует обратить внимание в первую очередь?
Не знаю точно на сколько ювелирка регулируется, но в общем один из сценариев это юридическая регистрация в Эстонии, там очень привлекательная правовая база. Проведение STO при котором token будет выступать паем компании, естественно минимум 51% оставляете за собой. На собранные деньги расширяетесь, а с ростом бизнеса и стоимость паев вырастет.
19  Bitcoin / Bitcoin Discussion / Re: Its Bitcoin a good way to save money for our kids? on: November 19, 2018, 09:50:26 PM
Nothing so speculative as BTC is good way to save it may be good way to trade but trying to save in it you basically gambling. Although if we are talking about small part from all amount you are saving for son to BTC it could be effective.
20  Other / Beginners & Help / Re: Are Crypto Trading Education packages worth the money? on: November 18, 2018, 02:26:07 PM
Starting from scratch I would begun with general economics and trading combined with studying crypto market. I should look what prerequisites they have and learn those.
Pages: [1] 2 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!