In the future there will be billions of dollars stored in Wallets, what if one day they decide to stop and shut down their services and transfer all the money to their own wallet and confirm the transactions and convert all of their coins(Bitcoin and any other Altcoins) to USD and disappear?
How can we get our money back? whom can we sue? how can we prove how much coins we had in their wallet?
It is possible to happen since coinbase is a centralised exchange. But I think, the owner of coinbase don't have mental disorder to do that because his name, reputation and securities are at risk when he will run out the money of the people. If our money in cryptocurrency will totally lose, we are not compensated rather if you will lend your capital or savings in a bank, there is a chance that your money may return with due process of law. |
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has anyone thought about applying the bitcoin principles to an incorruptible voting system? put diebold out of business?
I want to clarify that bitcoin uses for transaction, storage of asset and investment. It means, bitcoin can never be subjective when using for election. But, the blockchain technology that used in bitcoin can apply the principles of a fair voting system. Due to the capability of blockchain to store a data that which is decentralized, I think an equal plebiscite or vote can happen. |
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with 1 billion of total supply and hardcap ico 10,000,000 USD. BIDIUM looks like promising project i think.
keep hardworking for developers and team.
It is not easy to attain 10M USD. In fact, I can't imagine how it will reach in just for 2-3 months of token sale. But I think 1M hard cap is attainable by Bidium since this new exchange is really unique from other existing exchanges. It will become the greatest ever in the world of cryptocurrency! Hope it will become successful! |
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Will Bidium indeed surpass the name and fame of ebay and amazon when in comes to service and reliability? As i can see there are hundreds or even thousands of online market places. Sometimes i wonder which of them is a scam and which one is legit. With Bidium how are they going to compete?
Eventhough eBay and amazon gained their popularity, Bidium can surpass them. As a matter of fact, Bidium has a wide range when it comes in marketplace. Here are some factors that bidium can be the future marketplace for products and services: 1. Decentralized- using the blockchain technology, buyers and sellers can connect using a P2P network, individual holds each own copy of data since all datas are stored in blockchain. 2. Transparent and reliable- since Bidium is made using Dapps, expect that fraudulent reviews and hidden costs will never exist. 3. Cryptocurrency is the trend nowadays- a lot of people are engage with crypto industry. It is possible that freelancer may change their direction leading to a better future, Bidium. 4. Secured wallet- though amazon used paypal as a means of exchange, we can't deny the fact that it can easily intercepted by hackers. Bidium uses integrated mobile wallet which is basically for receiving and sending of payments. This shows that you will be able to transfer funds for goods or services in the bid marketplace in a secured and improve wallet. Why amazon and eBay? Bidium is just starting but all of the problems regarding to old marketplaces can solve by this decentralized platform. Aside from that, Bidium platform wanted to solve the following: 1. Lack of transparency in skill evaluation- The idea of decentralized bidding platform is to improve transparency and make online bidding for goods and services more competitive.The set of vendors are assessed and pre-qualified by the operators. The technical and commercial that usually submitted by vendors are evaluated by operators. This only shows how good are the products and services offered by the vendors because they are filtered by bidding. 2. Poor customer support- a lot of online marketplace who can't provide a better services. One factor affects the marketing is poor customer support wherein the accusation of the clients can't solve, compensate and response immediately. 3. Longer Transaction time- this is always the problem of online shop, transactions are delayed because a lot of things needed such as KYC or any identification plus slow transaction process. 4. Probability of false transaction- Another problem that affects marketplace is the inability to do business from any part of the world regardless of your physical location. Another thing I wouldn't like in online marketplace is the reliability of products. Imagine there are products I bought that are rejected or expired. These four essential problems dealing with the online marketplace can solve buy the decentralized bidding platform, Bidium. P.S. I am grateful on what I saw in the WP. I can understand easily the terminology. |
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im one of those believers that bitcoin will survive,the price and value of bitcoin will increase as time goes buy,even if today the price is too low and not stable,the speculation of others it will pump up in the middle of the year just like last 2017 bitcoin hit the value 1M.. so its possible to hit another 1M or maybe double the price,just stay calm and believe in bitcoin..
Don't worry, you are not the only one who thinking like that. Eventually, people just saying that they will quit cryptocurrency because there are times that the price is low. And it is a fact that they always back when they see that market moves up. So, for the real bitcoin hodler, we are always optimistic to hold our bitcoins even in a bear market. |
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As franky1 said you might have slept through an entire year, where is the heated debate now about scaling, it was a debatable topic a couple of years ago and we are well passed that time, i am not exactly sure why the market is behaving like this, but this is how the market is for the past few months and so it is not that surprising either to see the market going down without any particular news.
The OP did not pass its play in veterans! What a photomemographic you have! It was already discussed years ago but it seems you are reminding it always. Anyway, I think that the FUD article that the OP wants to share is just a non-sense. Do not fear the people in bitcoin. If you used bitcoin in immorality then I could say that you have been accompanied by Satan but if you the bitcoin in right way, nothings to worry since bitcoin is made to help and be useful in our economy. I believe that having a 666 plays only in your hand not the object or anything that you hold. It means, the evilness takes place to the person not the things they hold. |
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Who owns the bitcoin after someone died? How to state this in the will? Please share your thoughts.
The discussion was already tackled in other threads here in forum. The only way to make a sense on your bitcoins in wallet is to make a back up key or any printed materials that will be used by your inherited family. If you knows the future, you will plan for it. |
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Why is Bitcoin's daily price fluctuations getting smaller and smaller? How do you view the current price of Bitcoin and how we should handle the transaction in the later period?
Considering the fact that many traders of bitcoin trapped on its price during the peak season. The downturn of bitcoin seems a crucial for those people who had bitcoins. The possibility also that FUD news and current ban of the countries help the bitcoin's fluctuation to become stagnant. The result of these two have a greater effect for the bitcoin's price. 1. No one would not sell bitcoin during bear market, unless they are fool nor an urgent needs. 2. There is a limited buyers for bitcoin right now due to the regulations and FUD news. |
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I think that the difference between ICO before and today is that the ICOs in 2018 are more scam and failed. A lot of existing ICO right now have don't capacity to success unlike before. In addition, the competition of every ICO is getting closed. In fact, a lot of genuine ICO that lose by the scam one. Because scam ICO are more promising than the true one.
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I am in immense pain to say that i foresee the fall. I would not be surprised if we lose from this point to 50-60 percent.
Accirding to my knowledge institutional investors are bidding out from crypto and stocks.
Stocks has already dwindling now and same will comeback to crypto.
I know some will say it is a fud but friends i am not joking. You are free to not to buy my thoughts.
Hope i will save someone.
Thank you.
Price today: 7930 usd per bitcoin.
Ps: sorry for typos i am on smartphone and oil is in my hands, i saw something ehich i could not resist..so i decided to spread my words with you guys.
Do you have any statistical measures that talked about the bidding out of the institutional investors? Do you have any reference/s bases on what you have said? If none, there is a possibility that you just spreading a FUD news. I believe that crypto will reign more than decades or even a century. If they will bidding out, they always return because they want to have profits. |
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This is a recent news coming that Reserve bank of India (central bank) bans regulated entities from dealing in virtual currencies. I don't think this is anything surprising but still, I want to alert everyone not to lose faith. * Bitcoin: Your bank will not allow you to buy bitcoins anymore. Please don't get panic, be your own bank! Have patience. Even if banks will not allow the citizens to buy bitcoin but in India they cannot control the people to buy it. People nowadays are wise and does not follow directly what is placed in front of them but instead they use their minds and do the right thing to do. Banks may against cryptocurrency but as long as the people does not lose passion then cryptocurrency will still survive in India. I believe too! People nowadays are not anymore barbaric. As the day goes by, a lot of people become educated and they can't be fooled even by the government. Banks are infavor with cryptocurrency. They think that crypto is the biggest enemy for them. The authority of banks become null because many people are turning into cryptocurrency. That's the reason why many banks did not acknowledge the use of cryptocurrency. But as the interest of the people goes in cryptocurrency, banks cannot eliminate the crypto instead, the banks have the possibility to crash. Banks will become useless in the future. They don't need anymore by the future generation. |
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First of all, we are not the one who can make regulation to cryptocurrency aside from government.
Digital currency is like with paper money though they are different in features and process in using, both of them have the same usage. Crypto and fiat have value and they are currency. When we talk about the currency, we also talk about how the economy flows. Government imposed a law in digital currency because it can be a source of crimes. If the government will not regulate cryptocurrency, it can be a tool someday to make a war and will result to a conflict in our society.
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depends on your budget, if you have more money you can go for btc otherwise eth is still a good buy
Yes it is good to consider the budget in investing whether both or have a specific coin. Probably, it is good if the OP will invest his money to both ETH and BTC because these two coins have the same quality, reliability and the price can move up easier. It is good to invest right now because we are suffering from a bear market. Just hold on and the price will rise up! |
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In psychology, there is so called S-R Theory wherein the we are responding in accordance to the stimuli. According to Ivan Pavlov, Stimulus Response Theory is a concept in psychology that refers to the belief that behavior manifests as a result of the interplay between stimulus and response. In particular, the belief is that a subject is presented with a stimulus, and then responds to that stimulus, producing "behavior" (the object of psychology's study, as a field). In other words, behavior cannot exist without a stimulus of some sort, at least from this perspective. In other words, we react depends upon the stimulus. The behavior of a hodler is depends upon how the market goes. The status of the market becomes the stimulus and we response according to the series of events. If there is a crash then we are sad and afraid for our investment and if the market is in the bullish season probably, we are happy. Reference: https://www.psychologistworld.com/behavior/stimulus-response-theory |
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Btc price market continues to drop. Hence more people are speculating about the end of the bitcoin. The possibility has a chance to end the system because just recently more people are selling their btc which resulted to market price dropping. Now os it really the end of bitcoin? Is there any other coin that will be probably next to bitcoin? I hope bitcoin will not end so as to continue the good things bitcoin has brought to the investors though i was not able to invest in bitcoin but i am planning in the near future. How about you what is stand against the speculation and the other coin that will be next to bitcoin?
Speculations are just opinion based on the mind of the OP. They conclude a lot of things in the future and predict the price of bitcoin because of their gathered data. Bitcoin price is not easy to predict, a lot of adjustments in reality that we can't anticipate in reading our own technical analysis. |
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I can't see any alternative coin even ethereum that is more powerful and has a lot of potential than bitcoin. I am fan of other cryptocurrencies but when it comes in potential, I don't think they can replace the bitcoin. Bitcoin is the best cryptocurrency right now for me.
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There are no statements in the wp regarding security of lina core other than there will be a security audit. This should be one of the top priorities for obvious reasons.
They mentioned Reputation management in their whitepaper meaning that their will be security in their core because they wanted their reputation to be clean and trusted in order for their project to work and be known by every internet user. Maybe their busy highlighting their project in different country that's why they are not here to answers all of the questions here. I still have high hopes for this project to shoot up. My concern is actually that crypto currencies can be hacked. If lina is creating its own network for the tokens, they should take standard security measures. I know that lina core is too hard to enter or access by a hacker. Yet we all knows that there is no imposible in the internet but lina team already made it more secured in order to have a difficulties in accessing their system. Your concern has its basis, but I think that is one aspect that Lina.review team needs to address as well. Ideally blockchain technology can help trace the links of transactions. Unfortunately, it is not enough to prevent hacking. We can only look forward at Lina making its platform secured. I think there is a portion of payment allocated for Bug detection or similar findings in Lina.review. Good luck to us. Good luck to the hackers. There is a chance that the possible attacks of the hackers will occur in the lina but as long as the lina core is secured and accessible only by few people, hackers can't enter its system otherwise there are inside job. But then, let see on how does lina will protect their clients and firms in possible hack. Even the secured token and exchange can attack by the hackers. In my opinion, there is no impossible in the internet. Hackers can access lina core though it has the hardest system ever. There will be a time that the hackers will make an access for them to enter. Internet is different from reality. The impossible may become possible by the internet. If you know the cure, you can heal the sickness! As a team of lina, they knew already what will be the best possible way that the hackers can enter their system. And I think, lina team already knows how to solve such hacks that will access to the lina core. Did you know what happened to etherdelta? One of the best and secured exchange in online market was successfully attacked by the hackers. Even you know the cure, there are high possibilities that disease can initiate and may cause a harmness. |
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I have noticed that the illustrations on the Whitepaper don't clearly show where is the location of the Helper on the flowchart. These are the two (2) figures. Figure 4: Lina Platform Overview (page 14)
Figure 5: Bid and Reward Sharing Flow (page17) May I suggest to the Lina.review team to please indicate where does the Helper belong? I believe that the Helper is on the LiNA Core Blockchain Technology. I can't also understand that two figures in the whitepaper of Lina. But I think they are the models that shows how the lina.review will circulate if the project will launch. The Lina Core
The Lina Core is a high performance, scalable private blockchain transaction services for
recording detailed transactions to help avoid Ethereum’s network fees in transactions, stress
on the public network due to the large volume of transactions and to improve the user
experience in terms of latency.
There is a regulation that tells about how lina team will do to eliminate paid reviewers. If they will catch the helper that making a fraud review, they will automatically fired the helper. Logically, if the helper is under the lina core team, the helpers can freely do whatever they want because they hold the system. |
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How can we be sure that all of the reviews that will be on Lina's platform are legit? Cause I've seen some documentaries on the internet about some review on the other kind of platforms like in the restaurant they just fake their review just to be no. 1 restaurant on the United Kingdom and the restaurant is nonexistent. Watch this video on how they trick the review online: https://www.youtube.com/watch?v=bqPARIKHbN8Any idea on how to counter this kind of trick or how this project can detect fake reviews? I can say that the reviews taht is being given by the lina project is legit because this project was created to make sure that the reviews of the people are really true through the use of blockchain which ha unique codes that can be easily traced by the lina company, if there will be an occurence of review fraud. The LiNA review ensures the reliability and transparency of the reviews given by the Helpers. There will be a team that will evaluate the quality reviews on the said platform. We can counter check the different project because aside from the common users who give their reviews, there are Helpers who can counter check if the restaurant really exists and the people who made the reviews are real. The Line.review was a very reliable platform in terms of transparency actually. Of course there lina has a team which is to evaluate all the reviews item or products before the approval. Meaning, Lina was a reliable platform in terms of reviewing the items or products. That's why is called Lina is the next generation in review industry. Next generation is meant to be perfect! And I have a very high expectation with Lina because it is a must that they know what are the deficiency of old reviews. Lina.review is expected to be the new generation of review. They must prove it to us! |
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There are no statements in the wp regarding security of lina core other than there will be a security audit. This should be one of the top priorities for obvious reasons.
They mentioned Reputation management in their whitepaper meaning that their will be security in their core because they wanted their reputation to be clean and trusted in order for their project to work and be known by every internet user. Maybe their busy highlighting their project in different country that's why they are not here to answers all of the questions here. I still have high hopes for this project to shoot up. My concern is actually that crypto currencies can be hacked. If lina is creating its own network for the tokens, they should take standard security measures. I know that lina core is too hard to enter or access by a hacker. Yet we all knows that there is no imposible in the internet but lina team already made it more secured in order to have a difficulties in accessing their system. Your concern has its basis, but I think that is one aspect that Lina.review team needs to address as well. Ideally blockchain technology can help trace the links of transactions. Unfortunately, it is not enough to prevent hacking. We can only look forward at Lina making its platform secured. I think there is a portion of payment allocated for Bug detection or similar findings in Lina.review. Good luck to us. Good luck to the hackers. There is a chance that the possible attacks of the hackers will occur in the lina but as long as the lina core is secured and accessible only by few people, hackers can't enter its system otherwise there are inside job. But then, let see on how does lina will protect their clients and firms in possible hack. |
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