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December 14, 2017, 01:43:16 AM *
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1  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin money? on: November 09, 2017, 10:06:29 AM
"bitcoin is new kind of money".I maintain that per these definitions, Bitcoin cannot possibly be described as "money". And further, I think that those who do describe Bitcoin as "money" are doing this community a disservice.
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Signals - Marketplace of Data Science Powered Signals for Cryptotrading on: November 03, 2017, 05:34:03 PM
This is a good  bounty program. Signal token is a currency powered by the Ethereum blockchain. All paid features available on the Signals Platform will be accessible exclusively through Signal tokens. I found out the platform will also train people to be able to understand the trading patterns by their own not just doing trading based on signals.
3  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin be used in space? on: November 03, 2017, 05:25:08 PM
May be this is not possible. This is because in space there is no life so bitcoin will never use and in space there will not be able to buy anything. If people make an online shop in space, maybe bitcoin​ used for shopping, but I don't know if it is happened I'm not sure. Because if me in the case I cannot use my time going to space I just used my time to earn income in bitcoin.
4  Bitcoin / Bitcoin Discussion / Re: What is BTC for you? on: November 03, 2017, 05:16:19 PM
Bitcoin is the digital currency. No doubt it has benefit many of the people for the current and is going to give them more earning who are using and earning the BTC. Bitcoin became one of options for me to buy goods online. The BTC is playing a vital role to these people who were hopeless before they start using the BTC. It has set an example of many in front of us. Also Bicoin is a great opportunity for everyone to grow and discover something new. It is simple for me.
5  Bitcoin / Bitcoin Discussion / Re: Where does Bitcoin came from? on: November 03, 2017, 05:03:21 PM
On 18 August 2008, the domain name bitcoin.org was registered. In November that year, a link to a paper authored by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System was posted to a cryptography mailing list. Nakamoto implemented the bitcoin software as open source code and released it in January 2009. The identity of Nakamoto remains unknown, though many have claimed to know it.
6  Bitcoin / Bitcoin Discussion / Re: Offline Wallets Vs Online Wallets on: November 03, 2017, 09:47:09 AM
Offline wallet is more better. in this system  there is no need to Internet connection. Besides, offline wallet is controlled by us.so i think offline wallet is the best.Technically online wallet is better because you can used it everywhere even you can't bring your own gadget. However, like the others said it was prone to risks because it is close to the hacker. On the other side offline wallet was not usable if in case your gadget is destroy.
7  Bitcoin / Bitcoin Discussion / Re: 21 million bitcoins - 11+ billion people on: November 03, 2017, 09:31:30 AM
For the topic yes there are only 21 million bitcoin that can be mine and some bitcoin could be lost through the years. If bitcoin becomes really expensive like 1 bitcoin = millions then remember that it has satoshi.we do not know but there could be a time that 1 satoshi can equal to one dollar.Maybe at that huge population that bitcoin will handle it will be satoshi who will be the main trade. If bitcoins stayed obviously! It will reach 1 million in no time.But I think we should first consider if it stays or not before considering the possibility of it reaching millions.
8  Bitcoin / Bitcoin Discussion / Re: Everybody knows about Bitcoin..? on: November 02, 2017, 09:58:46 AM
Not yet. It seems that bitcoin is only known in the environments of big countries that have technological advancements only. Remember that majority of the world’s  population belongs within the poverty line. Meaning, majority of the population has no access to the internet or even any other advertising system that  would inform or educate them about all the changes of this world.In our society Bitcoin is still perceived as an experiment or some kind of scam. We need at least 30 years more to really accept new currency. The blockchain technology is being used even now in the financial world.
9  Bitcoin / Bitcoin Discussion / Re: BTC is king on: November 02, 2017, 09:51:06 AM
It's grand grandfather of everything we see in blockchains and crypto-world. Bitcoin is the safest investment,  bitcoin already gained high popularity so I expect the price will keep on rising for a long term.I am sure that more people will know bitcoin and will using bitcoin too. bitcoin still have many chance to attract more people to join and if they don't want to join right now, then they will be regret in future when the price is too expensive to buy.
10  Bitcoin / Bitcoin Discussion / Re: Vietnam Bans Bitcoin as Payment on: November 02, 2017, 09:44:13 AM
The State Bank of Vietman has issued “Information related to the use of virtual currency” that bans use of the cryptocurrency for payments.

It won’t say why, and doesn’t explicitly ban mining or blockchain.

The Bank lists conventional payment mechanisms like cheques, payment orders and credit cards as permitted, but then adds (after translation) that “Bitcoin virtual currency and other similar is not lawful means of payment in Vietnam; The issuance, supply, use of bitcoin and other similar virtual currency as a means of payment is prohibited in Vietnam.”

Fines of around US$9,000 apply to those who accept or offer payments in virtual currencies.

Why the Bank decided to make the statement is unclear, but it’s not hard to guess why: Vietnam’s government is a little like China’s in that it permits private enterprise but remains a single-party communist state. Virtual currencies’ represent a threat to command economies that such regimes find hard to tolerate, as China’s shuttering of Bitcoin exchanges and Russia’s attempts to do likewise demonstrate.

The ban does not, however, mention mining or exchange of virtual currencies, leaving open the possibility that Vietnam will permit cryptocurrency-or-blockchain-related activity. So long as they’re not used to buy and sell stuff.

Vietnam’s trying to reform its economy, is already winning manufacturing work from China and attracting considerable foreign investment. It’s not hard to imagine blockchain making a splash there, even if Bitcoin is banished from commerce.

Source
http://www.coinn.club/bitcoin-altcoin-signals/vietnam-bans-bitcoin-as-payment/


The government does not have any regulations to manage btc transactions, while a university is required to accept btc to pay tuition fees. That's one reason  the government banned btc. On the other hand, accepting btc in Vietnam would be more beneficial to foreign firms than to domestic firms. This will partly affect the national economic interests.
11  Bitcoin / Bitcoin Discussion / Re: Bitcoin is it the Future of Banking ? on: November 02, 2017, 09:39:24 AM
Personally,I don't think that Banks will adopt Bitcoin for the settlement of their transactions. I don't see governments giving up control over money in favour of something decentralised.

For Bitcoin or any replacement currency to be mass adopted, it can have gradual price movements, but current volatility do not inspire confidence to be used as a main source of exchange. Smiley Smiley Smiley
12  Bitcoin / Bitcoin Discussion / Re: Teach Bitcoin in schools! on: November 02, 2017, 09:29:31 AM
The blockchain technologies are going to have a major impact across many disciplines and they will become impossible to ignore.It is a good idea to teach about Bitcoin in economics class.Good thing would be to teach about privacy, pgp. Google and facebookcs role in this etc etc.  I can see that happen where I live.
13  Bitcoin / Bitcoin Discussion / Re: If people stop buying bitcoin on: November 02, 2017, 09:08:00 AM
I think that is impossible since bitcoin is surviving a lot of years now and even it dumps, people will be taking advantage of that dump and use that to earn a good profit.How will the market value react to it, people wanting to sell bitcoin but there is no one to buy. You couldn't just make them stop buying even if Bitcoin was known to have a fatal flaw or started to be replaced by something else, better.
14  Bitcoin / Bitcoin Discussion / Re: Who can destroy Bitcoin ? on: November 02, 2017, 08:12:34 AM
Looks like no-one is understanding your question.

The direct answer to your question, is yes, you can “destroy” bitcoin but not in the traditional sense.

The blockchain holds a record of the coins that get sent in and out of an address. The only way to send coins out of an address is to use the private key that created that address. No private key, no ability to send or verify those coins.

One could potentially “destroy” coins by sending them to an address that has no private key, or to simply send it to yourself and erase all copies of your own private key. This will result in those coins being lost in that address forever effectively destroying them.

Though technically speaking, there’s no real way to confirm that you’ve deleted all copies of a private key.
15  Bitcoin / Bitcoin Discussion / Re: Block Chain discussion on: October 31, 2017, 06:45:50 PM
Originally block chain is a continuously growing list of records, called blocks.Which are linked and secured using cryptography. Each block typically contains a hash pointer as a link to a previous block, a timestamp and transaction data. By design, blockchains are inherently resistant to modification of the data.Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks, which needs a collusion of the network majority.
16  Bitcoin / Bitcoin Discussion / Re: Bitcoin approval by government on: October 31, 2017, 06:04:12 PM
If all countries will recognize bitcoin as a legal coin then I'm sure that the price will be very far from now. because its demand will be very much in the market.Almost many countries approved bitcoin as a legal Currency.so I want to the government of all countries to accept its as a legal Currency.If countries can legalize bitcoin, then it'll definitely be great for bitcoin's future.
17  Bitcoin / Bitcoin Discussion / Re: Bitcoin fork on: October 31, 2017, 05:44:03 PM
Do not store your bitcoin on an exchange or online wallet, unless you know for sure how they will handle the fork.
18  Bitcoin / Bitcoin Discussion / Re: When will be see bitcoin as international currency? on: October 31, 2017, 05:35:27 PM
Bitcoin already is the most international currency in the world.Now a days I think that more than sixty percent will have the aforesaid facility and that is the reason that bitcoin is becoming the most popular crypto currency in the universe. Bitcoin must be able to maintain the belief of the world community that this currency is worthy of international currency.
19  Bitcoin / Bitcoin Discussion / Re: What is Bitcoin on: October 30, 2017, 07:17:32 PM
Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, as the system works without a central repository or single administrator.
Founder: Satoshi Nakamoto
Date of introduction: 3 January 2009; 8 years ago
20  Bitcoin / Bitcoin Discussion / Re: The 8 Rules of Bitcoin Club on: October 30, 2017, 07:07:44 PM
1st RULE: You own at least SOME bitcoin at all times.

2nd RULE: You own at least some bitcoin at ALL times.

3rd RULE: Only sell bitcoin because you want to spend the money now (save the rest for long-term profit).

4th RULE: Buy small amounts of bitcoin regularly to accumulate more.

5th RULE: Wait for people to ask you about Bitcoin, don’t force it on them.

6th RULE: You happily share why you are interested in bitcoin (ask if they’ve heard of it, tell them you’ve been learning about it, and then send some cool content).

7th RULE: When you sell or spend your bitcoin, you do so with a reputable provider, because you’ve heard of way too many scams and you’d rather be safe than lose your bitcoins.

8th RULE: Stay up to date about bitcoin personal finance (because it is our future).
Bitcoin fun facts lifestyle

I am not yet that too exposed, I've learned most of these. Everyday is a learning ground for each one of us about Bitcoin.
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