I was reading about Cashaa, that was hacked and 336BTC were stolen. But the hacker can't move them right? He will leave footprints. So why should hackers steal them since they can be found? For example if they want to convert them to fiat.
The only way I think you could get by from this felony is to keep them on very long term. So long that it may be forgotten. But still, it may.
Why should hacker steal? Because they are hacker that want to get rich instantly from the funds and wealth of others. Even in a long time they can't hide from the authority because they have a case. Even they keep bitcoin in a long term,it will be traced. Wherever they go and hide i'm sure the authority will find them. Always remember "No one can Escape". |
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I think bitcoin must have a proper education curriculum in order to spread to the students about it for better understanding. If not,even a full subject included in different business courses which are related in financial aspect and calculation. Although in other country they already included it on their subjects but much better if all school all over the world will have this course or subjects. It will help for the awareness of students in digital currency and on how to use blockchain technology.
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A man in California has agreed to plead guilty to operating an illegal bitcoin ATM network that exchanged up to $25 million, according to a U.S. Department of Justice announcement on Wednesday. Kais Mohammad, 36, who goes by the digital moniker “Superman29,” was charged in the United States District Court on three counts: for operating an unlicensed money exchange business, for money laundering and for not being able to maintain an effective anti-money laundering program. He purchased Bitcoin ATM-type kiosks which were placed in malls, gas stations and convenience stores in several California counties. These kiosks allowed customers to buy and sell Bitcoin in exchange for cash. Mohammad supplied the machines with cash that customers could withdraw and maintained the server software to keep the kiosks running https://www.theblockcrypto.com/linked/72697/doj-california-bitcoin-atm---- We live in amazing times. To be honest, this is the first time I've heard about illegal Bitcoin ATMs. Now Muhammad can get 30 years in prison for illegal mass adoption. I wonder what will happen to ATMs and what is their number, I hope the state will appropriate it and allow people to use them with reduced commissions.  Why he didn't cooperate with the government of California and get all needed requirement before putting up his bitcoin ATM machines so that it will not become illegal. It was a frustrating experience for Kais Mohammad and frustrating bitcoin mass adoption on that country. |
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As for disappearing or not, it is difficult to understand at the moment, but the fact that many areas of business are in complete decline and in order to function normally they will need 1-2 years after the crisis is understandable today. The commercial real estate sector has been particularly affected, many are moving to the cheapest offices, and various furniture, clothing and footwear manufacturing will be in great decline. Indeed, at the given moment their profit is close to zero, everyone is worried about survival in the covid-19 environment, so there will simply be no orders for production.
In our country,the government are implementing new rules and regulation to follow for a new normal which is still far in a normal life before. There are more business establishment reopen and the transportation are back to operation and the other sectors of economy are now functioning but the problem is the number of positive keep on increasing and it will also lead to economic downfall. Returning to normal needs at least 2 years if ever there will already a vaccine to prevent the transmission of virus. |
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I am not so worry about this information because in the past, there are many countries that have published bans to cryptocurrency but by many ways, their citizen still buy and sell their crypto and when a whole host of countries in over the world accept it, that bans will be no more meaning
The bill is not yet finalize and even India ban cryptocurrency for sure they will not prevent the people to engage in crypto because they already know that they can earn bigger in cryptocurrency. And Cryptocurrency is unavoidable whatever the action of the government regarding cryptocurrency. And one more thing,cryptocurrency is not hold by the government due to decentralization,they have no control over it. |
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I have nothing against the implementation of blockchain technology and cryptocurrency payments in the Life insurance industry.
However,I highly doubt that the blockchain technology will reduce or prevent the cases of insurance fraud.
Technology can't replace humans,when it comes to investigating insurance fraud cases.
I think that the insurance industry will be damaged by the corona recession.The overall revenue of insurance companies will go down and adopting cryptocurrency payments won't make the insurance companies more attractive to the people.Many people lost their jobs due to the recession,so they can't afford insurance.It doesn't matter if they are paying with crypto coins or fiat money.
I agree, signing up new insurances at the moment seems rather difficult. If you work in an high risk area and want to do something good for your family a life insurance seems like a good deal. But for the average worker or unemployed due to the recession. I don't see any value in such insurances. You are better off saving the money you have at the moment outright. Let's say you or a family member becomes sick and you need money - the life insurance wouldn't help out since no one died yet. Better to have the money in your own pocket and you are free to choose how to spend it. I do agree with you,sometimes insurances can't help in you immediately unless if the issue is death. That's the reality because my brother also tried to get insurance but he is disappointed because they also changed the rules after he finish his payment. |
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Bitcoin is a currency started by developers that were interested in the idea of sending online payment without a central authority that would check the accounts. The idea and the whole thing (with Satoshi Nakamoto, blockchain technology etc) inspired many people to use it. And some of them, worked on it. Due to this big adoption and fixed supply, bitcoin went to moon. At least for a while, but it did. And right now it is high as well.
Well, do we need it? Because, I can see that people use it only as an investment or as a money laundering tool. Black markets rebornt after the creation of bitcoin. I tried to convince someone to use it, but you know what? I couldn't. Why? Well, honest people don't afraid the central authority, in addition with the dishonest ones. Those who want something that is illegal, cannot do that. So they use bitcoin.
Governments don't want it and they wish they could prevent it, because they cannot track you easily, they cannot tax you, they ..., they ..., they...
Governments like censorship, and there is 0% censorship on bitcoin.
I like bitcoin, a lot. But I don't think that this world needs it. Except if they want to hide something. Prove me wrong.
Government can impose tax in bitcoin holder if they want.Yes,government can't track you easily because of the blockchain technology that you used anonymously but if you're going to cash out your bitcoin and you need to exchange it first into fiat money then the government can trace your transaction through their banks or remittance center. What the government want is the centralize digital currency so that they have a full control over it. That's why it's difficult for them to accept bitcoin. Whatever the reason i still use bitcoin not just as investment but also as payment method especially now that the covid 19 virus keep on spreading. |
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People are easily deceived by the beauty and value of gold but in crypto you need to look in reality. Tokens backed with gold is difficult to believe and trust. Because if the tokens is really backed with real gold,it will not become worthless and it's value will increase more. They just told that their tokens is backed by golds but where is their token now? All are dead and the project team quite disappeared.
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As we enter the digital realm due to the effects of COVID-19, the process of central banks phasing out physical cash from existence might take place soon. Before the outbreak, we've been accustomed in using credit/debit cards and contactless payments greatly eliminating the need for physical cash. Now that we're in a "COVID Era", things have accelerated quite a bit. Banks and governments are in talks of adopting CBDCs which could completely eliminate the need to pay for things with physical cash. Now the real question is, how long will it take banks to start the transition from physical to digital cash (CBDC)? Do you think that physical cash will still be used right after governments adopt CBDCs in their entirety? Or will it take decades before every single person in the world stops transacting with physical cash, paving the way for a full-fledged cashless society? Your input will be greatly appreciated.  Using a cashless payment is just temporary but i believed that after the covid 19 pandemic,using a physical cash will return to normal existence. It is easy for the banks to issue again a fiat money after the end of pandemic but the process of phasing out is difficult because all people are using it and holding it. |
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I think the regulation will have to come. And that regulation will come as a result of the government putting more interest in the crypto market. If the crypto is regulated, there would be more inflow of people into the crypto market. There will more trust. The crypto market can grow into a multi-trillion market only if a larger percentage of people in world (especially the Warren Buffets, Bill Gates, and the likes) are ready to trust the market. That trust will have to come with regulation.
If the government regulate cryptocurrency ,the decentralization will become centralize and that was the government wants to happen because as long as cryptocurrency is decentralize government doesn't have any control on it. Also banks will become useless if ever decentralization leads in the phase of economy which impossible to happen. I think Government will find a way on how to control cryptocurrency if ever they legalize it in every country. |
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What would the price be if an Economic Crisis occurred?
Bitcoin was launched 2009 and we have not witnessed many economic disasters except that occurred recently when CovID-19 pandemic was announced.
We realized that if there is an Economic Crisis and people lose their jobs, people will buy coins to put food on the table. They will not think about investing but will have enough money to save.
The price increased spectacularly from early 2016 to the end of 2017, the same saw the stock market and S&P500 improve by 50%.
Why is that your subject? Do you think that there is a person praying to have an economic crisis? I think nobody want the economic crisis because not only one but all of us will become affected. Like now that covid virus spreading everywhere and evry countries economic are going to collapse ,who will be the primary affected ,of course every people in the community. It's really difficult situation we are currently facing. Bitcoin and other cryptocurrency can help us this time if we know how to work with it,invest and save it. And even pandemic arise ,cryptocurrency remain stable. |
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It is very likely that we will be soon witness another crisis after this pandemic event many people around the world are becoming jobless, in other word no financial to face the reality when this such phenomenon exit, add up the mortgage and bills to pay for, it is sure pain in the back to workaround and see what we can do for the upcoming month during this pandemic. For me I will just thrown away any things that can be sell off, to support what do I need for, and stay on my list to dos after the event I don't have a family for the moment sure give me a time to not worry about. How about you give me your thought on this event I might be adapt your idea and get some of it to surest my stability when the time comes, People's life are getting worst everyday while covid pandemic continue to increase daily.Heartbreaking situation that we don't know long it will lasts.We should save everything that we have for survival and as long as we can do some strategies to gain money,foods and other things that we really need nowadays,let's grab every opportunity. |
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For me Bitcoin is not a store of value but is it an investment because it was volatile.Although this time of pandemic all are affected and i can say that there is no store of value at this moment. Anyway ,maybe on other people it could be a store of value because we have different perspective about it and i think there is no problem if other people treat it as store of value and others are not. |
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Sadly, the world is in a state of islolation, probably the first time ever?
But my real question is isn't this best time for Bitcoin? Medical researchers have proved that it's dangerous to use cash and ATMs during this period. Sooo what other ways can we look to make our daily transactions easier and safer? BitcoinBTC!! It's as easy as checking something on the internet, no contact with sellers and the spread of the virus can be reduced.
Stay safe, Stay home
Thank you.
Yes,it very dangerous in our part to use fiat money because it is one carrier of virus but we have nothing to do about it.We still need fiat money to buy our need and i think even covid 19n virus continue to spread,it is not yet the time for bitcoin to become higher or even like as fiat that can be use easily anywhere,anytime. The usage of bitcoin is still limited in different countries. It needs more adoption and acceptance of government. |
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China is a place where covid19 virus originated so,no wonder if they can handle it easy not to spread too much on their country. I also believed that China Government knows the cure for this virus but they keep it secret to their fellow country. Hope that other countries can also make a medicine to fight against this covid virus.
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Reportedly US Banks are going the treat Bitcoin (BTC), Ethereum (ETH), and all crypto purchases same as Cash. In the crypto economy, this move is going to be a milestone.  Oh,really?! Please add the link to this good news for US people.It could be a better way at this current pandemic situation to avoid contact with virus in a fiat money. Hope that other country will follow this steps of US regarding cryptocurrency. |
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Bitcoin and other cryptocurrency has proven to change the lives of many. Through it's volatility many people earn a lot and make their lives better.So ,i think even we are experiencing difficulties caused of this covid 19 pandemic,we can rely on bitcoin and cryptocurrency as a source of income rather than nothing especially now that the number of unemployed keep on increasing.
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Many criminals choose to use bitcoin for a billion reasons. I don't blame them. In fiat money, if police finds out that a drug dealer sells drugs, they arrest him and then his millions go to government.
If he had (let's say) 1000BTC what would police do? There is no law that says "Police can then take his private keys and move his coins to a government's address". If the police cannot do something with the money then they will leave them to his address. Will these coins get lost? I don't think so. When criminal gets fired from the jail (if he went) he will still have his fortune, right?
In 2013, silk road's owner had saved in bitcoin 400,000$ (by that time's price!!!).
I think the Police have the right to ask the private key from the criminal if they prove that they have transaction and using that bitcoin in illegal activities because Police will do a lot of investigation and confiscate all the necessary things taken by the criminal . If the criminal die and nobody knows the private key of that person,his bitcoin will be floating in the air and nobody can recover it. |
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