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2801  Bitcoin / Bitcoin Discussion / Re: how governments can regulate digital currencies? on: November 06, 2018, 05:51:45 PM
Though it’s easy to see why governments would want to regulate the movement of digital currencies, the reality of doing so is much harder. A lot of wallets have no identification to them and rest on a server in a third party country. In the case of offline wallets in devices such as the Ledger Nano, they’re not connected to any network.so is it possible to regulate ?
To regulate and track the movement of cryptocurrencies are two different things. Regulation of cryptocurrency, as a rule, includes the establishment of the legal status of cryptocurrency, the determination of the conditions and procedure for its circulation within the state and in most cases the establishment of taxation.
Therefore, regardless of where the cryptocurrency will actually be stored, it is quite possible to regulate its circulation in the state.
2802  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin bring an end to Paypal? on: November 06, 2018, 05:34:32 PM
Cryptocurrency will not force out non-cash forms of payment. They are likely to coexist together. I think that some banks will practice accounts in Bitcoin and other types of cryptocurrency together with ordinary currency on their own cards and this will be quite convenient. In my country there are already such. You can transfer to a special bank e-wallet and regular currency, and cryptocurrency. Cryptocurrency displayed from the wallet. Actually
cryptocurrency is withdrawn by the bank from the wallet right away, however, all indicators are saved on the wallet and you can use the cryptocurrency at any time when shopping directly for it or you can exchange it in your wallet for a common currency.
2803  Bitcoin / Press / Re: [06/11/2018] Bull Call: Novogratz Says Bitcoin Will See Record Highs in 2019 on: November 06, 2018, 05:16:52 PM
Finally, at least some good real forecasts. Some time on the news and predictions about the movement of cryptocurrency was complete calm. I would like, of course, that even this year Bitcoin would rise to $ 10,000, but this is not bad either. Especially slow and steady growth of Bitcoin over the course of the next year is very good.
2804  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Stable Token the key to mass adoption? on: November 05, 2018, 06:51:16 AM
Stable coins are not full-fledged cryptocurrency coins. They can not be used to profit from the growth of their price, and are only auxiliary for other cryptocurrency. However, their role does not diminish from this. Stable coins play a very significant role in various operations with cryptocurrency. This is primarily a kind of buffer between cryptocurrency and conventional currency, and also plays the role of a sump when it is urgent to withdraw funds from a particular cryptocurrency, and the conditions for further movement of these funds have not yet come, as well as in other cases. In general, I am very pleased with their appearance, they greatly simplify the work with cryptocurrency.
2805  Bitcoin / Legal / Re: Why Banks are attacking Bitcoin ? on: November 05, 2018, 06:34:10 AM
Banks will strongly resist the introduction of cryptocurrency in our lives as long as the state does not legalize it. After legalization of cryptocurrency, banks will have to coexist with cryptocurrency and will even provide various services in it. State-owned banks are in smaller volumes, and commercial ones can even call more risky cryptocurrency services.
Cryptocurrency and banks will be forced to work together.
2806  Bitcoin / Legal / Re: Is Bitcoin Legal? on: November 05, 2018, 06:12:02 AM
Bitcoin will always be legal, if there are no special regulatory acts of the state prohibiting its circulation. Practically in all countries in which Roman private law is taken as the basis of law, it is stated that it is allowed to engage in all types of business activities that are not directly prohibited by law or do not contradict generally accepted business conditions.
For example, in my country, the cryptocurrency is not yet regulated, but it freely goes on the territory of the state.
2807  Economy / Economics / Re: Do you ever wonders why we are using this paper as money? on: November 04, 2018, 07:33:39 PM
Just want to share the details about the people who ever thinks that why we need to use just paper as currency and we all are working hard to get those paper.People claiming that bitcoin is not virtual so it cannot be considered as money or they call it as scam or ponzi but they are using just papers for centuries and those paper currency were made out of thin air.
Well, earlier people were carrying large stones as coins or exchanging one product for another. And the one and the other was difficult. With the advent of minting coins it became easier, however, they were quite weighty. Then people began to hand over their coins to the bank and use. bank receipt that such a person has a certain amount in this bank. According to the relevant receipt, everyone could go and receive money due to him according to a promissory note. Then it did the state itself. They calculated all the material values ​​in the state and for that amount they issued paper money of this state. Material values ​​are increasing over the year and the state adds additional money for this amount. In my opinion, everything is reasonable. It really has been working for centuries.
Therefore, it is foolish to say that it is only paper and does not cost anything. This is actually all the same IOU, but already the state.
2808  Alternate cryptocurrencies / Altcoin Discussion / Re: Why everyone becoming the holder? on: November 04, 2018, 07:15:05 PM
Cryptocurrency trading is a very risky business. It can make good money, or completely lose your money. To engage in trading on the stock exchange, you need a lot of time for this. Not everyone has so much free time, and the desire to do it. For many, it is easier to simply invest their money in cryptocurrency and wait until it rises in price. Or even participate in an ICO signature campaign or other ICO generosity campaigns. So less risk, not everyone agrees to risk.
2809  Alternate cryptocurrencies / Altcoin Discussion / Re: My thoughts on bounty rewards on: November 04, 2018, 06:49:40 PM
Well the truth be told 80% of bounty hunters has a tendency to dump there tokens immediately when the project is listed on and exchange and a good number of that percentage are newbie in the cryptocurrency world. Also there are adverse effects of dumping because it reduces the price of the token and this can be annoying to investors and other rational bounty hunters

Actually there are some reasons why most bounty hunter dumped their tokens after listing because most of the ICO project are fake or scam. But of course not all, there are tokens that having great potential to growth and some hunters are keeping hold the tokens.
Of course, bounty hunters have recently been forced to communicate very often and for a long time during an ICO with bounty managers and the ICO team. From all this communication and simply when familiarizing with the information of interest in the group of telegrams and the ANN stream, it can be concluded that the ICO project and its token are serious and promising. Therefore, it is not surprising that for some ICO bounty hunters immediately drop their received tokens. I personally know that if I see the prospects of a project, I will not immediately sell this token. I still keep some tokens for years.
Therefore, I do not think that bounty hunters should be so strongly blamed for crushing the price of a new token.
2810  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you believe in stablecoins?? on: November 01, 2018, 05:22:26 PM
Stable coins create good added convenience for working with cryptocurrency. Without them, it was quite difficult to work with new tokens. It is always a good buffer between a cryptocurrency and a regular currency, or simply when it is necessary to withdraw funds from a certain type of cryptocurrency, but there is not the right pair or even the wrong time to move funds into the desired cryptocurrency. In general, I am pleased with the appearance of stable coins.
2811  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you think this year will be bad year for ICOS? on: November 01, 2018, 05:07:55 PM
We already see that this year was one of the worst for ICO projects. Now the situation with the ICO is simply catastrophic. The current ICO projects extend the ICO deadline several times, I announce the second rounds, the current ICOs are already held for five months and as a result it is not known what will happen to them, because almost all of them now hide the collection situation.
2812  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you think Altcoins will be a big competitor to Bitcoin? on: November 01, 2018, 04:59:17 PM
Bitcoin dominance in the crypto market almost 51% right now. If bitcoin price will go to the moon again then this dominance percentage may increase! But we have many options in altcoins, and many altcoins are better than bitcoin in several ways! Do you think, in future, Altcoins will dominate the crypto market? Or will it be a strong competitor to bitcoin?
Altcoins are about two thousand different types of cryptocurrency. They will continue to develop in parallel with Bitcoin. The competition between them was, is and always will be. This is a normal process. I think that with the price dominance of Bitcoin, the market will solve something, because this is a really big problem for cryptocurrency. Because of this, there is virtually no market, Altcoins are now simply complementary to Bitcoin.
2813  Economy / Economics / Re: We can totally eradicate poverty if we TRULY want to. on: October 31, 2018, 05:47:32 PM
All societies at all times tried to eliminate the poverty of people and no one has yet succeeded. Why did someone decide that this will succeed now? Because there was bitcoin? Will he feed the hungry? After all, with the help of Bitcoin, nothing material is created, which means that this is another illusion.
2814  Bitcoin / Bitcoin Discussion / Re: Looking back at the White paper... Do you think Satoshi would be proud of us? on: October 31, 2018, 05:27:25 PM
I do not think that Satoshi Nakamoto would be proud of the current use of Bitcoin mainly as a speculative means of accumulating value. Satoshi wanted his bitcoin as an alternative payment system. As a payment system, Bitcoin is almost never used. But by this time, due to speculation in the market, the price of Bitcoin was increased to $ 20,000. Even now it costs over $ 6,000. Did Satoshi want his bitcoin to be practically unaffordable for ordinary people? I do not think.
It remains to hope that after the legalization of Bitcoin and another cryptocurrency and the creation of a proper infrastructure, Bitcoin will still be used more as a means of payment.
2815  Other / Beginners & Help / Re: What happens when the last bitcoin has been mined? [Year 2140] on: October 31, 2018, 04:57:58 PM
Once, the last of the Bitcoin has been mined, the market will take a sharp turn. The supply of the Bitcoin will be limited while the demand will continue to rise. As a result, the price will go up.
Of course, nothing special will happen if the last bitcoin is extracted. What should or can happen? What will happen is that in a hundred and twenty years no one will need Bitcoin in this state. By that time, the cryptocurrency has completely changed. The question is whether Bitcoin will change by then and what it will be. Of course, we will not know.
2816  Economy / Economics / Re: Fiat Currency Always Fails on: October 30, 2018, 05:45:09 PM
See:

There Is No Escaping History.  Fiat Currency Eventually Fails.

Notice that this is a critique of fiat money -- not a critique of state-issued money under a gold/silver or other standard.  Fiat money is a rare occurrence in modern history.  (We live in strange times!)  As we can see, the examples found by the author are a small number of short periods here and there.

I have my own critique of gold/silver standards, but that's another issue.
With the advent of cryptocurrency, its supporters very often declare that the cryptocurrency will replace the national money of the states. This statement is completely erroneous, since it contradicts the basic laws of economic development. The main reason why the cryptocurrency is not able to replace fiat with itself is that fiat interacts directly with the economy of the state, and the cryptocurrency can in no way be connected with the economy of any state. Therefore, the cryptocurrency can go in any state only simultaneously with the national money of this state.
2817  Economy / Economics / Re: the future real money on: October 30, 2018, 05:24:50 PM
[bif i see lately there are lots of altcoins popping up, especially in the digital world and whether for the next few years the function of real money itself will be eroded by the presence of virtual payment equipment ...? I had time to think whether in the next few years we would be making virtual money payments ...?[/b]
Cryptocurrency can only slightly press the circulation and use of paper money. For more she is not capable. The usual national money of the states has been going on for centuries and will continue to be very long. They are an indispensable attribute of the financial system of any state and as long as many different states with their own interests exist in our world, until then the national paper money will continue to exist and develop.
Cryptocurrency is in no way connected with the economy of any state and therefore can only go along with the national money of the states.
2818  Economy / Economics / Re: Can Bitcoin really stabilize any country's economy level? on: October 30, 2018, 05:10:06 PM
As we all have been speaking many times that Bitcoin possesses the power to diminish the use of fiat in a country where it's welcomed with full hearts, I wish to know that does it really have the ability to cope up with the challenges a country's economy faces? Can it help in the growth of their GDP?

As we know, Bitcoin is limited in number whereas Federal Reserve has the power to do monetary easing when things go wild with their economy levels. So with such limitations, can Bitcoin really stabilize any country's economic issues?
In my opinion, Bitcoin has no influence on the real economy of a particular country. It is created as a virtual alternative payment system. The emergence of such a system increases the usability of money, but this does not directly affect the state of the state's economy. The economy needs production of real goods and services, and Bitcoin itself does not affect their increase.
2819  Alternate cryptocurrencies / Altcoin Discussion / Re: This is the best time to invest and join bounty campaigns on: October 28, 2018, 02:52:29 PM
For investment, perhaps this is one of the best times, since the prices for all coins and tokens are very low now.
As for participation in the campaigns of generosity of the ICO, everything is still very difficult. I continue to participate in these campaigns simply by inertia in order to keep abreast of what is happening, but my hopes for making good profits from participating in the ICO generosity campaigns are small. Previously, at least there was an incentive to pump up the account and raise the rank, now this pumping is useless. However, you are right, we need to continue to work and hope for better times.
2820  Alternate cryptocurrencies / Altcoin Discussion / Re: Who dump coins early; Bounty hunters or ICO investors? on: October 28, 2018, 02:40:08 PM
Its so sad when we have been made to believe its bounty hunters who dump their bounty tokens immediately after ICO and so devalue the coins on the market. Because of this notion, project managers these days try to delay bounty rewards while some even go ahead to give small rewards so that the actions of bounty hunters will not affect the price of their coins. Now I participated in this bounty and we were paid late as usual. We went to the market and realized the price was already down, even below the ICO price. So who caused it ? I think we should have a second look at this issue. Don't you think its the investors who get bonuses during the ICO who try to dump their bonuses for profit and not the bounty hunters as we have been made to believe?. Let me hear your opinions guys
Investors buy new tokens during the ICO with bonuses of 40-50 percent. They have the opportunity to prepare for their sale when tokens first hit the market, and sell them, having up to 200 percent of the profits. When the bounty hunters receive their tokens, then, by that time, the tokens, as a rule, have already dropped in price and it becomes meaningless to sell them. I have already seen this more than once. Therefore, the accusation of bounty hunters that it is they who lead to a decrease in the price of new tokens is unfair. In addition, bounty hunters have only a few percent of all tokens, some of which hold their new tokens in the hope that they will grow in value.
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