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1  Bitcoin / Bitcoin Discussion / Re: Bitcoin, is it really just a bubble? on: December 12, 2017, 11:48:10 AM
saying bitcoin is in a bubble is FUD spread by traditional bankers its like saying the internet or apple was in a bubble when it just started only diffrence is bitcoin is a treat to the global finacial system unlike the internet so you guys must expect a bumpy ride but i bellieve we will see a 100 000$ bitcoin in the future!

The Economist magazine recently published an edition with the article, 'the bubble without any fizz'. The general gist is that 'Low interest rates have made more or less all investments expensive'.
Bitcoin could be included in the scope of 'all investments'. If 'everything' is a bubble, then is it sensible to even talk in terms of bubbles?
If 'Everything' is a bubble in terms of fiat currency, then perhaps the questions should focus on the currency itself. This is the common denominator that gives 'life' to these bubble characterisations.
Our fiat currencies are debased, they are becoming worthless. People are finding safety in houses, art, stocks, land etc. They are becoming stores of value in themselves! Inefficient ones!
Many people are waiting for a more efficient store of value. Bitcoin is the best contender right now to serve that purpose.

In an era of deep mistrust in big government, it's pretty huge.

The technology is just getting better and better. Crypto bubble is just hearsay from this point.
2  Bitcoin / Bitcoin Discussion / Re: Bitcoin, is it really just a bubble? on: December 12, 2017, 11:46:37 AM
saying bitcoin is in a bubble is FUD spread by traditional bankers its like saying the internet or apple was in a bubble when it just started only diffrence is bitcoin is a treat to the global finacial system unlike the internet so you guys must expect a bumpy ride but i bellieve we will see a 100 000$ bitcoin in the future!
3  Alternate cryptocurrencies / Altcoin Discussion / Re: What are the best ICOs right now? on: December 11, 2017, 10:45:55 PM
Coinschedule - The best cryptocurrency ICOs
4  Bitcoin / Bitcoin Discussion / Re: Bitcoin forks on: December 11, 2017, 10:41:57 PM
It's not bad. It's what makes bitcoin stronger because it reminds everyone who the original chain is. Don't forget about all the bch coinbase still has, that shit will get dumped and pumped back into BTC.
5  Bitcoin / Bitcoin Discussion / Re: Safest way to keep bitcoins? on: December 11, 2017, 10:29:02 PM
Don't listen to all this. People touting their wallet services...
All you need is a bip 38 paper/cold wallet with a good passphrase.
Generate one offline with bitcoinpaperwallet (OFFLINE!), and print the wallet.
Save a backup somewhere as well, either a second and third printed wallet or an encrypted backup online somewhere. That's all you need.
Keep control of your coins.
6  Bitcoin / Bitcoin Discussion / Re: Was bitcoin created by artificial intelligence? on: December 11, 2017, 10:15:34 PM
that seems like fake news. A hidden AI system in the web created BTC so humans would give it more computing power lol. There would of been better easier ways for a Super AI system to achieve this.
But there isnt any AI that advanced ATM,

I doubt AI was sufficiently advanced to emulate somebody like Satoshi and his interactions back in 2009-2011. Satoshi in all likelihood was a human or group of humans.

Love this creative conspiracy stuff. I can do the same: Are we just cacoons for AI who are guiding us to ultimately create them and make us superfluous?

No.
7  Bitcoin / Bitcoin Discussion / Re: Which documentary is the best Bitcoin Documentary? on: December 11, 2017, 10:09:30 PM
Top 6 Bitcoin Documentaries
6. BANKING ON BITCOIN
5. BITCOINS IN ARGENTINA
4. BITCOIN IN UGANDA
3. LIFE ON BITCOIN
2. THE RISE AND RISE OF BITCOIN
1. BITCOIN: THE END OF MONEY AS WE KNOW IT
8  Economy / Economics / Re: Bitcoin is an asset or currency. on: December 11, 2017, 10:01:50 PM
Jamie Dimon has a point though -- the governments will step in to regulate, if not block, the crytocurrencies.

However democratic the crytocurrencies themselves are, they are meaningless if they are not exchangeable with our fiat currencies, and fiat currencies ARE CONTROLLED by the governments.

Hypothetically, if any country wanna protect their own currency, they could just declare buying crytocurrencies as illegal, which could impair the value of crytocurrencies overnight.
9  Bitcoin / Bitcoin Discussion / Re: Indonesian Government Banned Bitcoin on: December 11, 2017, 09:57:09 PM
Indonesian Central Bank is only bluffing. They dislike Indonesian people holding currencies other than rupiah. They don't want us Indonesian people benefiting or being rich from bitcoin. We Indonesians will not subdue to these centralized & corrupt scumbags. I still hold my bitcoins and my other alts. I couldn't wait what they are going to do next week.

Most govenments are missing it. Trump knows he cant stop it...hes just like we are watching the bitcoin. Cause knows the reality. But i this some gvt just say things they have no idea of


Another suppressive country who's inhabitants specially need Bitcoin to free themselves from the tirany of their corrupt, control freak, selfish, extortionating leaders, who keep 98% of the population poor by enriching themselves shamelessly.

The same corrupt country that sends people to jail for a lifetime for using or selling a medicinal flower (Cannabis) However rapists and killers are fine.
10  Bitcoin / Bitcoin Discussion / Re: Indonesian Government Banned Bitcoin on: December 11, 2017, 09:51:15 PM
Indonesian Central Bank is only bluffing. They dislike Indonesian people holding currencies other than rupiah. They don't want us Indonesian people benefiting or being rich from bitcoin. We Indonesians will not subdue to these centralized & corrupt scumbags. I still hold my bitcoins and my other alts. I couldn't wait what they are going to do next week.
11  Bitcoin / Bitcoin Discussion / Re: Indonesian Government Banned Bitcoin on: December 11, 2017, 09:31:55 PM
I think it is just government strategy to avoid having people's freedom in moving their money because they can't find a way to manipulate money in the bitcoin and because they know that they can get nothing from this. Maybe giving their community false news about Bitcoin didn't work so they are doing another option. Since a lot says that this wasn't an official announcement, maybe this is just also a part of the fake news circulating in the crypto world made by those who want to take down Bitcoin.
12  Economy / Exchanges / Re: I shared my id photos to cex.io and started paranoia on: December 11, 2017, 09:28:25 PM
Our apologies for this long negotiations and misunderstanding. To protect users security we need to prove the identity, although we understand it can be irritating. Glad your case was resolved and account enabled.
13  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin ever be Mainstream? on: December 11, 2017, 06:17:37 PM
To complete a real-world transaction in which the buyer / seller requires a traditional currency.
Plenty of trades take place solely in bitcoin.
Think: drugs, extortion, you get the idea.

I'm not sure I really understand your comment. You could just as easily ask the question the other way around. Using cash to buy something is a method of exchange, that's all. Buying a cryptocurrency with cash is no different than buying foreign currency with cash. The only measure of the value you could ascertain from either transaction would be the exchange rate.

"One of the newest offered to market is Tazos..."

No Tazos are something different, does anyone proof read this stuff ?

I highly recommend anyone curious of the space to research Ethereum. It is gaining traction for good reason. It's a bit like Bitcoin but you can run code called smart contracts on top of it, making it very clever. As a currency alone, transactions are done in seconds for cheap compared to Bitcoin which for the same price will take hours or you can pay very high fees for the transaction to go through quicker.

Bitcoin has scaling issues (and other issues) because it is the original and still number 1. Ethereum, while very promising, has the same issues awaiting it. I think the will both solve their issues over time and continue to live happily side by side.

Yes, Bitcoin will perhaps solve it's problems. But at least Ethereum has a roadmap with plenty of developers working within to advance it's technology.
14  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin ever be Mainstream? on: December 11, 2017, 06:14:27 PM
The intention was to have p2p transactions, so third parties like Banks, would be avoided. So, using bitcoin as a mainstream currency would be like missing the whole point. It's not only because of technological issues like scalability, slow transactions and high fees, that will not make it work like a currency. Although there are companies accepting bitcoin, the high volatility makes it risky to use as a currency.

took me 10 days to sell my shares into FIAT..get the money into my traditional bank, send thsat money from Australia to overseas where I live then withdraw that money from my local ATM - all attracting fees..Then I bought my Bitcoin and had it in my wallet in 8 mins..LOL..

Very good points and exactly why I think - on its own - Bitcoin is a fantastic invention. However, plenty of fantastic inventions fail. And I think this will be one of them.
Blockchain, on the other hand, is much more interesting....

Could anyone explain to me why if Bitcoins and other 'currencies' are so valuable, the seller would want to be paid cash for them?
15  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin ever be Mainstream? on: December 11, 2017, 06:04:33 PM
Bitcoin is slow to transact, energy intensive and if you lose it, you really lose it. You can't just call the bank to get it back.
It is, at the same time, intriguing and a very intelligent design. Nonetheless, it carries the seeds of its own destruction.
If you don't already know, bitcoin is 'produced' by vast data-centres, consuming on aggregate the same energy as the whole of Ireland. And that's with a current minuscule market cap.
Sustainable? Naah...

16  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin ever be Mainstream? on: December 11, 2017, 05:58:19 PM
logical fallacy

Sorry but the current system it totally open to criminals just as much as bitcoin. At least with bitcoin you can see every transaction on the ledger.

How, exactly?

There’s a quaint idea going around of moving towards an environmentally sustainable, peaceful World supported by appropriate money, currency and finance systems. Complementary currencies could play an important role, if we weren’t so busy feeding greed.

No. Judging by the lack of comments.

inB4 someone says Tulips!
17  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin ever be Mainstream? on: December 11, 2017, 05:55:55 PM
Money has been practically the same for hundreds of years, controlled at a centralized source, etc.

Money is now entering an new era, acquiring new dimensions, becoming decentralized, and becoming smart Smiley

It will take a while for people to get used to this, but they will....

The criminals have got used to it very quickly indeed. That's what happens when you have no centralised control.

You're referring to (private) bankers, right?

The first use case is almost always criminal as institutions are slow to move and have pesky regulations, especially when it comes to finance. As with the internet, it will change very very quickly. Buckle up.

How people equate the current financial system as something trustworthy is beyond me! Cryptocurrency's decentralised mechanisms will allow the population to vote on it's future.

No, and only an ideologically blinkered fool would think so.
18  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin ever be Mainstream? on: December 11, 2017, 05:46:50 PM
They are already mainstream - hence banks trying to exploit their value.

I'm not particularly enthused by bank-issued novel cryptocurrencies, though.

The entire idea is to not rely on a central issuing agency.
19  Bitcoin / Bitcoin Discussion / Re: Can cryptocurrency make real money disappear? on: December 11, 2017, 01:11:03 PM
Bitcoin is gaining popularity elsewhere, but I don't think it can completely substitute the physical money. Not all people are knowledgeable enough about Bitcoin, unless everything will turn cashless. But the problem with Bitcoin is the value is fluctuating.
20  Bitcoin / Bitcoin Discussion / Re: Can cryptocurrency make real money disappear? on: December 11, 2017, 01:08:06 PM
Though Bitcoin is a very promising commodity, still I think it cannot replace the real money. For one, any government will not hold anything that they cannot control and bitcoin for that matter is an example. It is a decentralized currency, meaning no one has a direct authority over it.
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