Because to my knowledge there are several countries in southeast asia that have not legalized bitcoin. And what is our endeavor for bitcoin in southeast asia to be legal like any other country (which has legalized bitcoin). Will the impact be positive or negative? It won't be easy for other countries to accept bitcoin. Having the issues where bitcoin is involved, it will take time or atleast never be legalized in some countries. As long as there are problems such as its use for money laundering and other illegal activities, government won't allow it citizens to use it. There will aways be an exception to the rule. Just keep promoting and atleast state facts and benefits of using it will help. Though you cannot force or please everybody. |
|
|
|
While bitcoin's price has stagnated in the last two weeks, smaller digital currencies such as ripple, stellar and tron have surged into the ranks of the largest cryptocurrencies by market capitalization.
Erik Voorhees, CEO of digital asset exchange ShapeShift, said that in contrast to bitcoin's dominance on the platform a year ago, about half of transactions on the platform now don't involve the popular digital currency at all.
However, bitcoin should still benefit from the increased interest in the "alt-coins." Analysts also point out that since bitcoin is the most established digital currency, it is often the way new investors access the cryptocurrency space.
"Bitcoin has such magnificent network effects that I don't see another alt-coin that's a little better at payments" or some other function right now, Autonomous' Sokolin said. "One of the top 10 will collapse."
Of course, it is. Being the founding cryptocurrency, it will sutely prevail in the market. It first built its reputation and been known worldwide. It serves as a benchmark for other uprising cryptocurrency. People probably will go to those who has the most experience in the market. Also, having said that there are new cryptocurrencies circulating, bitcoin will surely find ways to improve its system and coexist with new entrants. It will always be a first come first use basis. |
|
|
|
Forums
bitcointalk.org is believed to be the largest and oldest cryptocurrency forum worldwide. It is very influential and popular among crypto enthusiasts. It is said that Satoshi Nakamoto, known as the founder of Bitcoin, first established this forum in 2009. According to the datas provided by the forum itself, it has over 2 million registered users by now, with over 40 million posts released in 1 million topics and nearly 5 billion page views.
The forum has many branches such as Bitcoin, Economy, Alternate cryptocurrencies and others. It also has a branch called Local where the forum can be viewed in over 20 different languages.
Although there has been millions of new forums online since 2009, no forum is as successful as bitcointalk so far.
Reddit
reddit.com/r/CryptoCurrency/ is a channel on reddit where people discuss everything about cryptocurrencies. You can find news, discussions and analysis in r/CryptoCurrency. The channel has attracted nearly 700 thousand subscribers with thousands of users online all the time.
You can post your opinions about cryptocurrency, or “upvote” and “downvote” other people’s posts. According to user votes, the best posts will rise up to the top and exposed more to all users. This rule makes reddit a very popular platform for crypto enthusiasts to share their views about cryptocurrencies.
Telegram
The reason why Telegram is so popular among people who are interested in cryptocurrencies is that it is an encrypted messaging app. A secret chat in Telegram uses end-to-end encryption meaning that nobody but the sender and the receiver will be able to know the message. Since cryptocurrency is closely related to real assets, security is very important to crypto investors.
Besides, Telegram allows group talk where you can discuss crypto news to or analysis with others that are also really interested in this. In this way, Telegram is able to build small and close relationships among people of same interests. What’s more, Telegram is a chatting tool which means you can get real-time information more promptly than other social media platform.
Twitter/Facebook
As two of the most popular social platforms in the world, Twitter and Facebook are also welcomed by cryptocurrency fans. On these platforms, people share their original ideas, like or retweet other people’s posts all the time. They use like #cryptocurrency, #altcoin or other hashtags to highlight their main ideas, attract other crypto enthusiasts’ attention, or even start their own group talks. These platforms have successfully gathered people of same interests together and form closer relationships with people from all around world.
Also, you can follow your favourite alt coins or cryptocurrencies and see their updated news on your own home page. Most cryptocurrencies have their official accounts and are active on Twitter an Facebook.
Medium/Steemit
These are very popular blogs among crypto enthusiasts. Different from Twitter and Facebook, these platforms don’t have restrictions on the numbers of words you put in one article.
You spend hours to write your blog, add pictures to make it easier to understand, and publish it simply clicking on the publish button. Here, you can express your ideas freely and with millions of users on the Medium and Steemit, many people will have the chance to see your articles. The website is simple and easy to use, and they the recommended articles are based on the articles you have viewed.[img]
Hashworld is the first blockchain game that incorporates virtual economic society. Similar to Monopoly, the game also allows users to play interesting games to obtain digital assets. Users can buy hot land, LSB land. The core members of Hashworld are from Tsinghua University, one of the top universities in China. They build up a virtual parallel world, and allow the users to play interesting games to obtain digital assets, purchase lands and put their own slogan. It has attracted 1.3 million users since its launch. It is now traded on three exchanges, BCEX, Gate.io and KKcoin.
Follow Hashworld on social platforms like Twitter, Facebook, Telegram, Medium and Steemit now!
Agreed. Forums and social networking sites are the most probable medium. Since most people has their social media accounts and forums like this already have lots of users. Though social netqorking sites maybe a not so good idea because there are fake accounts being used. It is much more better in forums like this because so far topics and comments here are probably most relevant. Hope more people with facts and lots of information can be shared in here. |
|
|
|
So many countries now were prohibiting the use of virtual cryptocurrencies. And to think that many unemployed individuals were beginning to uplift their way of living because of their dealings with cryptocurrencies. Banks doesn't expressly say why it is banning the use of Bitcoin.
What do you think is the reason behind this?
Since bitcoin user's identity is anonymous, it is somehow better since you can freely transact with anyone anytime anywhere. Also, it serves as their competitor in investment. Though government prohibits its use because of the involvement of bitcoin in illegal usage. |
|
|
|
as we know, many governments in the world are banning bitcoins and here I have my own why the government want to kill Bitcoin, because I think Bitcoin can be used for terrorist financing, money laundering, illegal weapons purchases, crime and tax evasion. therefore the government forbids Bitcoin, because Bitcoin transactions are difficult to trace so it is only natural for me if the government is very worried about Bitcoin and many country banning (block) Bitcoin.
but this is just my opinion, so if I am wrong I apologize.
Thank You.
Yes, that is right. Those are the factors why government bans bitcoin. Of course, obviously the things you've enumerated are all the issues the government pertains to. It will be hard for the government to control bitcoin and to trace the users and their transactions and so the easy way is to forbid its citizeng to use it. And those stated illegal activities might really happen and be all over the place. It is your opinion so don't apologize. |
|
|
|
Is no longer news that various countries of the world are not in support of Bitcoin either as a means of payments or for trading purpose. This are been a challenges most Bitcoin users are facing throughout the countries of the world inexception of few countries.
I have begin to see it that maybe they are thinking that adoptions of Bitcoin might bring a partial collapse of the banking system and also a means of curbing money laundering.
So, let hear your views on what can be done to make our government realised the important of Bitcoin and Blockchain Technology.
Maybe I don't think government will accept the use of bitcoin. First and foremost is that it cannot be controlled by anyone. Because of this, government will not be able to trace the users of bitcoin. Reality speaking, government sees thing important if they have the power to regulate it. Also the issues involving bitcoin must be proven to be false for them to consider it. Well, we users should advocate and spread more words about bitcoin to get more investors. |
|
|
|
I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?
I think they can't. Most of the powerful countries already acknowledge bitcoin and allow its citizens to use it for transactions. It maybe their worst nightmare but somehow they may see it as a good development in the economy. More and more people uses it means they it has good system. They worry of its untraceability since there are issues about bitcoin of its use in illegal activities. Bottomline it depends on people on how they use it. |
|
|
|
Good afternoon. I would like to hear your opinion. I've been reading the forum sufficiently long, but I rarely write. I had one question. Why is the forum divided into 2 teams that angry with one another? The first support bitcoin and hate all altcoins. All of this for them is only garbage. Others like altcoins and do not understand what the problem have first.
I have a question for the first camp. Why?
Take for example Zilliqa, Tomocoin, NEO, DragonChain, etc. People who bought them in large quantities became richer. Why do you think this is garbage?
Bitcoin is a legend, but some altcoins are worth paying attention to, aren't they?
Simply, it is because of different perspective of people. Lets not be hypocrite. People only see things that they believe will help them. If there are things they consider to be useless, then they will consider it as a garbage. You may see that positively but there will be people who taught of it negatively. Well, you can say everything with a 100% sureness since bitcoins or altcoins are not really a currency recognized by everybody. |
|
|
|
I always wondered what is the problem for BTC to be finally adopted in the wide range of business, I was expecting at least a great adaption in the online business but even so, what stops business from adapting BTC, the volatility? The low rates of adoption? Or maybe a lack of propaganda? BTC is so great and I really wish I could use it in more places IRL!
Maybe, primarily because of volatility. The unstableness and unsureness make a great risk for a business. We all know the reason kf businesses is to earn money in a more stable and real economic environment. Also, bitcoin is still not accepted worldwide. Most countries are still not allowing it in their countries. Banned by the government. Also, the issues involving bitcoin like its use for money laundering and other illegal activities are also factors. |
|
|
|
How can the government discover I own BTC, let's say I'm from Venezuela where crypto is banned, what they can do to discover and arrest me?
Bitcoin is a decentralized system. It uses blockchain and so it won't be possible that the government will discover you as a user. Also, user's name is anonymous. It won't be easy for the government to track you down. Though, it might be possible if you transact in a system that needs your information or a payment or exchange through fiat, then they might locate you. Just be careful and simply keep it to yourself that you uses bitcoin. |
|
|
|
The International Monetary Fund (IMF) just recently posted a picture that shows the evolution of money that people have used since the beginning of human civilization. Will IMF consider Bitcoin as a new currency?  It depends. As of now, it is far from happening. Only some countries acknowledged the use of bitcoin. Most of the countries are still against of it and prohibiting its citizen for using it. Besides, as how I interpret the picture, it seems to show how the payment system changes from time to time not the currency itself. How it was develop for people to be more convenient when paying. If bitcoin will be accepted worldwide, then your question might be answered by yes. |
|
|
|
Guys we are very much aware how the crypto community through this great forum has helped most of us in terms of our finances but is so heartbreaking that the most of the public views only describes how insecure and unsafe the crypto community is. I do understand that cryptocurrencies are volatile and the issue of anonymity sometimes scares people away but y'all bear with me that if crypto is explained to you and you really understand it properly you would not make wrong mistakes and get swayed away by panic sales or submit your private key as ethereum wallet address. Is it a public campaign or some other form of tutorial that we should organize to help explain crypto to the world because believe it or not the blockchain technology of cryptocurrencies is being admired by most organizations and some of them have decided to run their operations with the use of blockchain technology. What can we do as a community to help change the public view of Crypto?
For me, I believe social networking sites is the most easiest way to spread knowledge about cryptocurrency. Also, we can make more forums like this, seminars and the like. I believe in other countries, there are schools who included the studying of bitcoin in their subjects. Spreading the facts, advantages and even disadvantages will help other people to make better judgments. Though, always remember the saying that no one can please everybody. |
|
|
|
Looking at the decentralized nature of crypto-currencies,Wonder if govt bans Bitcoins in future??Is it possible let's say by blocking all sites which relate to Bitcoin wallets/payments etc over the internet.In that case what would happen to our existing coins held in those wallets??
There is a probability that the government bans the bitcoin. Since it is still also not accepted in other countries like ours. If bitcoin becomes a threat in the economic aspect of the country then they have the right to ban it. Also if it really is being use in illegal or illicit activities. I'm not so sure if the government can have access to all wallets or payments by the user, but if it is, maybe they'll hold those coins and will be studied if you can still claim it or if the government will completely owns it. |
|
|
|
Bitcoin has come a long way and come really come to stay. As a matter of fact, anytime some people who know nothing about bitcoin are introduce to bitcoin about how bitcoin works, they channel all their attention to whoever is passing the information to them by listening attentively. However, after developing the interest in bitcoin, they quickly revert their interest in bitcoin the moment they hear of the volatile nature of bitcoin, thereby, deciding not to invest into it anymore. Guys, what are some other factors that scare people from investing into bitcoin?
One of the biggest factor is the issue that bitcoin is used in illegal or illicit activities. And so, the fraudulent risk is probable. People will be scared to take this risk. Other factors also is that it is not accepted by the country as a legal currency. Some countries still does not approve it and so it won't be use in local exchanges. Also, the fluctuation of bitcoin makes people doubt to invest. The istability and unsureness will affect the judgment of people. |
|
|
|
Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
Of course it is needed to have approval to be legalize in the country. One of the major problems of bitcoin is its acceptance by the government itself. Being a threat to the economy and currency of the country and also involving in illegal or illicit activities and fraudulent acts. Once approved it means the coubtry accepts the use of cryptocurrency or bitcoin on the daily activities of its people. That it can be used for exchanging with other people. |
|
|
|
I recently read through the comments made by Bill Gate on bitcoin and other related cryptocurrencies ( https://www.google.com.gh/amp/s/www.cnet.com/google-amp/news/microsoft-founder-bill-gates-would-bet-against-bitcoin/). From the comments he made, it is obvious that, Bill Gate is against investing into cryptocurrency. Critically appraising and analyzing how helpful bitcoin and other cryptocurrency are and base on the comments Bill Gate made, I don't see the reason why he is against cryptocurrency. Probably he might be having his own reasons of which I am not aware of. Can someone help as to why Bill Gate spoke against bitcoin and other cryptocurrencies? Maybe because he doesn't know how cryptocurrency or bitcoin works. People like him doesn't get rich by doing such thing. Thinking about the extreme volatility of using it. Well, as a business minded person, he was able to become billionaire through his business itself. I guess that is one of the reasons why he doesn't support bitcoin. Taking a huge risk in a thing which is prone to negative issues and in an unsure system does not make him to promote it. |
|
|
|
Guys, this one is about Satoshi Nakamoto.. Sorry if someone has already asked this question.. but I just wanted to bring this up. From what I know, Satoshi Nakamoto registered the domain name for this forum right?? I decided to check it on whois and you can see that the registrar is eNom and the domain owner details are WhoisGuard Protected. Here's a screenshot: https://i.imgur.com/HNupqlE.pngIf it actually was Satoshi Nakamoto who registered bitcointalk.org, does this mean that eNom have on file, the real identity of Satoshi Nakamoto and are keeping it secret???  Why people bother of finding who is Satoshi Nakamoto? He doesn't want to be known by people. So be it. That is why he make sures to keep his information private. People should simply focus about his work. And appreciate the benefits and advantages they experiencing. If ever his identity be exposed, I guess it would be hard for him to deal with lots of issues concerning the bitcoin. Letd just give the privacy he wants. Maybe its for our own good also. |
|
|
|
If the blockchain a currency or token is on is only as strong as it's developers, then what is the best way to really find out how to trust it before investing? Especially if the developers are anonymous?
Of course it is obviously impossible to give your trust to someone you don't know. But it is not about the developer, its about their project. Knowledge is important. Careful analyzation and extensive searching about the system is necessary. Especially, this involves finacial informations and at the same time it is used by many people. Though taking a risk is part of things you'll consider. At the end of the day its your decision if you trust them or not. |
|
|
|
Many companies, banks and goverments are lobbying against bitcoin, while praising the blockchain technology Sathoshi invented. Soon they will use the open source software to develop their own blockchains, without ever expressing gratitude to satoshi or the bitcoin community. Isn't that stealing? Would you fight for Satoshi when it gets though? - Delete facebook, google, twitter if they would try something?
- Protest your goverment, if they try to ban?
- Close your bank account forever?
Rather than deleting facebook, google, twitter or other social media accounts, it would be better if people use this as a means of awareness or sharing facts and experience using bitcoin. Protesting wouldn't help also. People have different perspectives and so you cannot please everybody to agree and accept your argument. Closing of bank account is somehow childish act. Bitcoin user is continuously growing, you should take it easy. |
|
|
|
What would happen if dollar would lost huge value and the the US Government gives a proof of ownership of Satoshi mined bitcoins?
Maybe this was asked sometime before I applogize for repeating the same question.
In other words what if Bitcoin iwas created by the Government?
If bitcoin is created by the US government, I guess it'll be benificial for them. On the bright side, it'll help boost the economy of their country since bitcoin is somehow spreading worldwide. They'll also find and arrest those criminals who uses bitcoin as a way of fraud or any illicit activities for they can monitor the identities of the user. But in reality, I think it's not the government who created the system for a greater number of people still uses the centralized system. |
|
|
|
|
Show Posts
