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Well, they will have to if they want to keep existing. It looks like that in the near future the world will use the cryptocurrencies instead of "physical" money, and if sites like Amazon or any other site won't adapt themselves, they won't make it.
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The chance of that happening is very very low because the demand for it now is so high it doesn't seem like it will ever go down. However, if it does, if the demand lowers its price will lower until it is worth 0$.
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There were conflicts between the miners and the CEO company and in the end, they decided to stop the fork in order to keep a "united front".
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I'm not sure 100% that what I'm saying is valid, but in my opinion, splitting the coin will never be good. It will just create more room for mistakes and consume more time. Even if it does enlarge the block size, the fact it "creates" a new coin is just plain annoying in my opinion.
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It is indeed, and it will keep on doing so. The more popular it gets, the greater the changes will be. Just as you said, it will make our lives easier.
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Can they make up their minds, don't know what steps to take from here lol
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Answered it, good luck on your project
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Can't agree more. The bitcoin is a brilliant invention, that needs to be recognized and needs the become the world's currency, no doubt about it. We shouldn't be afraid of it going flat.
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This is probably just a fluke, it will probably rise again shortly, probably to even higher heights.
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Of course the banks should be afraid, cryptocurrencies are something that can replace them. If I were them I would probably do the same thing they did, and try to make my customers stay.
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Because it will overall just be faster and easier to use. 1. No need for a bank to keep it for you, and monitor your transactions and do them for you. 2. The transactions are faster. 3. Not a physical thing that you need to keep, you only need to send it through the internet. 4. With the right security makes it harder to steal from you. in general, it's just better
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I think the most problematic part about it is the security of it. In my opinion people will have a hard time with how to make your account secure. Although it is not that hard, non tech people won't be thrilled with the process and might give up Midway, where as securingyour "normal" money is way easier.
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I would like to know too. If I am planning on buying a respectable amount of bitcoins, is it 100% recommended to create a cold storage? although I know the method and how it works getting a computer for the wallet only seems like a hassle.
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Bitcoins and cryptocurrencies, in general, are starting to get more media publicity. In newspapers, there are a lot more of articles about the subject than there were before. Getting the bitcoin on T.V will most likely get it more "famous" and will probably give it a boost, however like many have said it will be very hard to find a sponsor that is willing to sponsor that kind of commercial
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In my country the chances of someone saying a bitcoin is about 70% in my opinion. The popularity of the digital currencies is up and rising, but it will take some time for all of the popularity to really understand it and how "big" it is.
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It is hard to say. As it is now the bitcoin will only keep on growing and will keep being the most valued cryptocurrency. However, if someday, another cryptocurrency that is more evolved, more efficient, and basically better than the bitcoin will appear, it will replace him. That being said, as long as the bitcoin keeps evolving, the chance of that happening is very unlikely.
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It is hard to say if bitcoin will replace gold. Although the world is heading towards a mostly, or rather an entirely technological world, for now, there are a lot of people who do not understand the values of bitcoin and it's system entirely. This fact is the reason why people will have trouble adapting to bitcoins. However, I think that in the future, when new generations that understand technology from a far younger age, will adapt the bitcoin and only then it might replace the gold.
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