I partially agree with this in that there may be a better solution in the future however, I disagree with the fact that the problem is '1 desktop = 1 vote'; The real problem is finding a way to put the power of authority into the masses (i.e. decentralisation). So far, there hasn't been a single cryptocurrency that is truly decentralised - POW = centralised mining power. POS = centralised power to largest stakeholders.

The closest thing that we have to decentralisation is The Tangle (IOTA) or Delegated proof of stake (DPOS). Although, both protocols still have their downfalls and disadvantages that stop them from either, working efficiently or solving the economic problem (scarcity*). DPOS also still puts the power into the few who are successfully elected and voted for.

*When I refer to scarcity, I refer to the economic problem NOT scarcity in itself.

Sure? You think I am lying? Do a little research. Fuck me. This is why so many people get scammed. Can't even be bothered to do research EVEN when people are outright telling them it's a scam. Crypto bubble is going to go out with a MASSIVE bang if people like you carry on. Let's just hope the top 100 coins can ride it out.

They were caught using a fake team and fake profiles fraudulently.

Are you fucking stupid? The guy a few comments above you literally gave you 100% proof that this is a scam.

Smh. This is why crypto is in a bubble; Until stupid, moronic investors like you learn your lesson. At least the people who actually do their research won't be harmed. Theres no helping you bro.

Sorry.

Selling bitcoin is easy though. What is he talking about? Is he referencing to bitconnect?

Guys this is a huge scam. The team members listed are fake. Clicking on the social media links of each person just redirects back to the site. I did a google search on each of these people and none of them showed up. Please take this as a warning; These "devs" will dump their tokens once the volume gets high enough.

It happens every time smh.

I think its the SEC say; "Look, we know this is going on - We are paying attention and it is not going under our radar".

Right. I agree 100% with people investing in the opportunities that bitcoin brings, such as, the growing economy (NOT the increasing price) surrounding it. But here is what I am saying; very few investors are actually investing in the opportunities or the technology of bitcoin - They are simply investing to "get rich quick" or following the hype because their friend down the road made a couple of $'s. THIS is what I disagree with and I think that it is a problem because I am beginning to realise that this is where the majority of new investments, over the course of the previous months, are coming from.

I'm not sure about ads for bitcoin specifically but perhaps ads for an app that works with bitcoin? Like bread wallet etc.

Could help raise the right kind of awareness 

This is how I get my bitcoins since I am not old enough to pass the KYC policies of almost every exchange.
The only downside is that ATM's have huge fees - The only ATM near me has an 8% spread (4% to buy and 4% to sell).
Also, most ATM's only have about $20 - $5,000 cash in them so you can only withdraw that much.

Then I convert the bitcoin to other currencies like Ethereum etc. on Cryptopia usually.

Apologies, I should have said centralised authority.


This is why I think it is so overvalued. Unless the commerce and use-cases for bitcoin can catch up with the current price, a lot of people are going to lose money because of the dip that is inevitably going to come.

These people aren't using it because they wan't to make payments etc. They are just buying it to make money; Therein lies the problem. They are not "adopting" bitcoin, they are using it to try and make a quick buck. Honestly, I think bitcoin is massively overvalued - About 1% of merchants accept it. Unless this new money keeps on flowing in or, bitcoin gets accepted by Amazon, eBay or another mainstream commerce company in the near future, the music is going to stop and with it, the price.

By all means, if you are buying bitcoin to purchase a car, make an over-seas transaction or, use it for gambling then go ahead. In fact it is 100% beneficial for the ecosystem to do so. Because at least then, you are using bitcoin for it's intended purpose; As a medium of exchange.

No! The point was never to "make money". The point was to revolutionise the way in which we represent a medium of exchange and providing a new, secure way in which it can be done without a centralised authority.

If your only here to make money then I politely ask for you leave. Because in the long-run, if you stop making money, we all know that 100% of that 90% would leave without a second thought. They don't give two cents about what bitcoin represents or how it is so game-changing. Purely here because of greed.

Most people that investing bitcoin now, are just investing to make money. It annoys the hell out of me. 90% of people haven't read the white paper! Don't even know why decentralisation is a good thing! Don't know why the blockchain is such a revolutionary invention! It annoys me so much! These people just invest because they want to "get rich quick".

And the annoying thing is that if someone had told me about bitcoin 6 years ago, I still would have put all of my money into it. Unfortunately I'm only 16 so I didn't know ANYONE (when I was 9) that would tell me about bitcoin. I only just heard of it 7 months ago and henceforth, have become OBSESSED with crypto. Now I've dropped out of school for crypto and it really does my nut in when all I hear is "Bitcoin to $10K!", "Bitcoin to $20k!".

Deep down I actually hope that the bubble (yes it is a mini-bubble) pops after the Segwit fork and that the price goes back down to $2k. That way all of these stupid investors can suck their thumbs and get taught a lesson. 90% of these people also would have said bitcoin was a scam 9-15 months ago but now look at them. They run around like fucking idiots screaming "BLOCKCHAAINN!!!", "DECENTRALISATIONNNN!!!".

Smh.

Rant over.

Yes! I tried to convince my friends with every argument but they didn't believe me. But when I showed them the money I had made... It was whole different story. I got 4 people invested into bitcoin that week.

Could you go into specifics about the scalability bottlenecks?

Possibly...

Agree with this.

It will be a truly revolutionary day. Personally, I think that the whole world will have switched to cryptocurrencies by 2025. Provided that the government doesn't interfere of course. Right now, I think that the American, Russian and Chinese government could destroy any cryptocurrency that they want. Let's just hope that they don't 

Of course it is made out of thin air (and computing power)!! But so is EVERY currency; The dollar, the pound... They are all just printed out like nothing. The true value lies in how many people trust and believe it. Money is just meant to represent assets so that they can be universally divided and accepted as a medium of exchange.

More (real*) users = Higher trust = More value.

Economics 101.

*Real means that users are using it as a medium of exchange and NOT trading or speculating with it.