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1261  Economy / Economics / Re: How can we push the actual use of Bitcoin ? on: July 27, 2017, 05:04:11 PM
    I and many others just hold their bitcoins and wait till it gets worth more. But that is not how a currency should work. A currency is meant to be used in daily trades for groceries and so on.

    My question is how can we push the actual use of the bitcoin and what is nessacary to do that ?

    I think first, we should wait till the scaling problem is hopefully solved in near future, because right now even if I had f.e. a grocery store, I would not accept Bitcoin as payment becasue of the confirmation time of the tx (I would hand out some coupons which can be bought for BTC)

    After this problem is solved this would be my ideas, I hope you help me gather more:

    • Convince organisations like amnesty international to accept bitcoin as donations
    • Convince big internet companies like amazon to accept payments via bitcoin, this should take a while but with some petitions they might consider it (propably better starting with some smaller companies)
    Start accepting bitcoins yourself, not only on the interent but for example if you are a student and do some private tutoring, and have a small ad for you on a blackboard somewhere, you could print a "Bitcoin accepted" on it.[/li]
    [/list]
    • Alright to begin from the very first ,you have got to invest something so that you can pay your donations with bitcoin,don't forget the fact
      that bitcoin is volatile and if the price falls,you will be responsible for it.
    • I do believe that you can purchase Amazon gift cards,not sure just heard about it.If people should accept payments in the form of bitcoin,then why don't you think people will ask the sellers for paying in ethereum,litecoin or any other altcoin for that matter?
    • For personal use ,it is good that if he/she accepts the fees for any service rendered by the person in the form of bitcoin,but do you really think that a lot of people know about bitcoin?
    To  conclude with bitcoin has to grow,it has become famous than it ever was,people should start considering it as a thing and know the fact Bitcoin is limited and was not created for people who want to use it for buying "groceries".




    1262  Bitcoin / Bitcoin Discussion / Re: How to make money in cryptocurrencies? on: July 27, 2017, 03:04:06 AM
    Ok, so I have £1500.

    I am 17 years old. I want to make money...
    I have three weeks of summer left to do it.
    I know that buying and holding Bitcoin is almost guaranteed to make me money in the long run but, I need more money than I already have.

    How do I get 10x returns in three weeks?
    Altcoins? ICO? Buy a Bitcoin ATM? Create a cryptocurrency myself?

    Thanks
    One of the important things that you need to know about crypto is that you need patience and you cannot have very high expectations in short period of time. You expect 10× return but you don't even have little knowledge on what you have to do to get that 10× return. And 3 weeks is really a very short perod of time ,and the thing is you need to have a lot of knowledge to get at least 2× return and the time period will be at least 1 year. Sorry I don't know how to help you with this . Hope you understand why I am saying so.
    1263  Bitcoin / Bitcoin Discussion / Re: After 1 Aug split can I trade BTC and BCC? Should I withdraw all bitcoins? on: July 27, 2017, 02:16:49 AM
    I'm pretty new to the cryptocurrency world and what I have seen in the past days, everybody is talking about BIP 149, SegWit2x and other terms that I really don't understand. As far I can understand that bitcoin will split into 2 separate currencies: BTC (Legacy old) and BCC (Bitcoin Cash or Bitcoin ABC -it's the same, right?-) after 1 August UTC 12:00 am. People say that I should withdraw all my coins into my Electrum Wallet before 1 Aug. That's what have I done.

    After the split, everything will be cloned and people will have both BTC and BCC. If you had 1 BTC, after the split you will have 1 BCC as well. So... what to do after that? Will ever BTC exists? Will people have the possibility to trade with BTC and with BCC as well? If these are 2 different currencies, that means if I make a transaction with BCC (send) then it will be transfered in BTC as well? Will the 2 currencies "synchronize" with each other? (I don't know if you can understand what I'm trying to say).

    - Bitcoin price has dropped. Should I invest more FIAT into it before 1 Aug?
    Store all your btc in your personal wallet.
    Don't sell your Bitcoin too soon as nothing big happens in a fortnight.
    Don't panic.
    Make sure that you don't send/receive bitcoin 24 - 48 hours before and probably after  August 1.
    If there is a split keep both BTC and BCC with you.
    The decision is still yours ,its still up to you for what is good and what is bad for you and your future in Bitcoin.
    1264  Economy / Economics / Re: Cashless society on: July 26, 2017, 05:08:52 PM
    Have you ever wondered how would the world's economy be like in the future as a cashless society?

    Perhaps, with the increased traction of blockchain acceptance nowadays, could lead to the creation of digital fiat currencies powered by blockchains that are managed by governments themselves. With this in mind, there would be no need for physical cash, as digital fiat currencies would provide many advantages such as quick settlement, global payments, full transparency, implants use on citizens to make payments, and more.

    If this becomes a reality, which I'm sure that it will, it would radically transform our lives for the better and reduce criminal activity as a result of the full transparency and auditability that a digital fiat currency would have thanks to the power of the blockchain technology.

    Also, it makes me wonder if cryptocurrencies like Bitcoin would exist by that time, or will they co-exist with digital fiat currencies.

    Nevertheless, I would like to know your opinion about this.  Wink
    Cashless society is only possible in the next generation because many people don't believe that digital fiat exists and its just people trying to scam them and waste of time and list goes on and on and on... The normal people believe in what they see when it comes to their belongings i.e. they believe in cash and gold and other precious items because it is tangible , its worth a lot and cryptos are intangible which makes them think otherwise. But then cashless society is a interesting and sounds fascinating ,it would be even better when its implemented,and would love to see how people are gonna react.



    1265  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ICO] Target Coin - World's FIRST And ONLY Bonus Paying Crypto Fund on: July 26, 2017, 04:31:15 PM
    I think targetcoin traders may post some weekly or monthly trading results or reports, constant positive results will boost confidence in targetcoin and investors will invest more.

    This ^^^^, it is good to see that the project making headway. I second the quoted post by reiterating the point already made that if Targetcoin shows positive results by posting them here, It will help boost investor confidence and attract more investors to the ICO.

    Displaying the real time ICO results and making them public will no doubt help the confidence and trust further in this coin. Also i must say that Target coin is doing excellent promotion for their ICO and making the results visible will bring in more investment.
    With a lot of spam ICO's in the market ,target coin belongs to a very few ICOs that don't scam people i believe.Keep up the good work and wish you good luck for your future endeavours.
    1266  Economy / Web Wallets / Re: Exchanges versus Personal Wallets on: July 26, 2017, 01:06:46 PM
    What are the drawbacks of using an exchange like Coinbase versus having my BTC in a personal wallet. I am new to BTC so using an exchange has made things easy to jump into. That being said, with August 1 approaching I worry I may be losing a lot of decision power should a hard fork occur.  Cry

    What specifics freedoms do you gain from trading outside of an exchange service with relation to the fork?

     
    Exchanges have your Bitcoin with themselves but, personal wallets makes sure that your Bitcoin stays with you itself. You have your own private key and no one can access your Bitcoin unless and until you give your private key to someone. Personal wallet is the one of the best wallets and recommended ones and probably the  safest ones . Its better if a person uses personal wallet instead of exchange when security is of the main concern.
    1267  Economy / Economics / Re: Can Bitcoin Volatility Be Controlled? on: July 25, 2017, 06:42:40 PM
    I have read some posts and some concerns that it is the volatility of Bitcoin that is preventing many people and many businesses to fully adopt Bitcoin. This can be the main factor why big online shopping stores are not yet adding Bitcoin into their payment facilities (though there is now a circulated petition for this but I doubt if it can make a dent).

    Some are really saying that if volatility can be managed then we can see Bitcoin going mainstream. I am wondering then: Is volatility something that we should find a way to control and how do you think it can be done?
    Volatility cannot be controlled when the case is for bitcoin. If it were not for volatility of Bitcoin, people would not know more about it,and if they come across it,they will just ignore it thinking that its just someone trying to scam them. Businesses can adopt Bitcoin, but they must be smart and take some risk ,but at the same time adaptating fully on Bitcoin may not be wise decision as of now.
    1268  Economy / Gambling discussion / Re: Game of Thrones - Who will rule? Odds and betting discussion on: July 25, 2017, 03:44:33 PM
    What a good episode!

    Spoiler Alert

    Daenerys lost her fleet of ships to Euron Greyjoy when they were on their way to attack King's Landing. Meanwhile the Unsullied or on their way to Casterly Rock to lay siege on the home of the Lannisters. That battle will be in episode 3!
    the battle hint would of course appear feel like it's in the next episode everytime  Grin , but i just remember that the producer david benioff promised in the last season game of thrones it's season 6 there would be the biggest battle ever but not happened i guess. let's see what he promised in the 7th season about another biggest battle. and we might would find who would rule !
    Well the ruler of Westros will be decided at the end if the season 7 or even in season 8. Daenerys Stormborn and Cersei Lannister have equal chances ,for Daenerys has dragons and Cersei has Dragon Slayer,a weapon for slaying dragons.
    Why Cersei would win:-
    Dragon slayer is rarer than dragons in the ratio of 1:3. Also Cersei has Randyll Tarly one of the greatest mastermind and a warrior who can defeat Robert Baratheon himself on the battle field,the very person who has never been defeated. And there is Euron Greyjoy who Is going to gift , Yara Greyjoy and Ellaria Sand along with her daughter Tyene Sand to the Queen so that he proves himself worthy to the crown . Euron Greyjoy has travelled all over the world with his iron fleet on sea and is king of the Iron Islands. She also has the mad scientist ,Qyburn who is the hand of the Queen.There is her personal Queen's guard Gregor Clegane the vicious and dangerous Mountain and finally, her brother/lover Jaime Lannister all on her side to support her .
    Why Daenerys would win:-
    She has an army of 8000 Unsullied soldiers and 40,000 Dothraki men ,3 dragons ,the Dornish and the Tyrrell army ,and maybe an alliance with Jon Snow ,and maybe some of her iron fleet if not everything was destroyed by Euron. Tyrion Lannister is her hand and Varys her spy master by her side for advice.
    1269  Economy / Economics / Re: The dream of getting rich with bitcoins on: July 23, 2017, 03:30:26 PM
    Maybe not to get rich, but sure as hell to earn a decent amount of money with bitcoins.

    How much money did you earn with bitcoins? Or did you lose some?
    Getting rich is only possible if the input is hard work and time along with willpower which encourages you to go do your good work. Signature campaigns can fetch you some money without any risk involved so yea that way you can earn some money. But when you ask about loss the thing that comes to any businessman's mind will be  investment and losses do happen when your planning is terrible or untrusted party on the receiving side and a lot more stuff like that . It depends on person to person on how he manages his money and how he takes proper steps to avoid losses.
    1270  Economy / Speculation / Re: Taking a loan to buy bitcoin on: July 23, 2017, 01:35:07 PM
    I'm thinking of getting a loan to buy more bitcoin, as I'm guessing we'll reach $10K in a few months it can be a good deal to lend at a bank against 5% anual rate

    Did anyone do this before? Would like some experience advice
    Loan for bitcoin? What are you a kind of sicko who is just wasting his money for assuming that bitcoin would reach 10,000$ and then you will be easily be able to pay the loan with interest if the bitcoin reaches the desired price. You should be way too confident because you think that you would be able to pay that loan back by having trust in yourself and Bitcoin at the same time.
    1271  Economy / Economics / Re: Do You Think Bitcoin Will Replace Dollar Soon? on: July 23, 2017, 03:26:00 AM
    Coinbase CEO believes bitcoin will replace dollar within 15 years.

    Read the following news:
    http://cointelegraph.com/news/114983/coinbase-ceo-bitcoin-will-replace-dollar-within-15-years

    Do you think it will be true? Are you positive towards bitcoin's future status?
    Bitcoin's price might be higher than that of dollar ,but that doesn't mean that bitcoin can  replace dollar. Dollar is known by most of the people but Bitcoin is not.Dollar has been there in the world for a long time and Bitcoin is not. People will trust dollar any day when it comes to choose between dollar and bitcoin. Bitcoin will take a few years at least to make sure that people recognize it.
    1272  Bitcoin / Bitcoin Discussion / Re: Is segwit really necessary? on: July 22, 2017, 08:08:05 PM
    Wow,thanks Meuh6879.This is a pretty informative infographic.
    I think that  a lot people hate Segiwt because:
    1.They think that Segwit will centralize bitcoin.
    2.They think that Segwit will create double spending issues.
    I`m not sure that those two statements are correct.
    Anyway,most of the bitcoin users hate Segwit because they don`t know anything about it.
    Segwit is a solution introduced by the Bitcoin development team for miners which includes soft fork. Some of the advantages of segwit are:-
    -> It solves a problem called transaction malleability, which tries to confuse the system by allowing same transaction to appear with different transaction IDs.
    ->This fix will allow the use of bitcoin for more advanced transaction types, such as a payment channel network called the lightning network, which aims to dramatically increase Bitcoin’s scalability, allowing for instant, cheap and safe transactions.
    ->It also gives an immediate effective block size increase, and does it through a soft fork. This is why the development community rather start with SegWit as a solution to the current network congestion, and then consider if and how to implement further solutions.
    1273  Economy / Gambling discussion / Re: Premier League Prediction Thread (EPL) on: July 22, 2017, 05:06:38 PM
    I think the morata price is too expensive, he has not been proven in Real madrid and just being a reserve player, I'm sure he will be the second "Torres" for not being able to compete in the BPL is too tight.
    If you look at the morata game stats then you will think again. Look how many times he played and how many he can create a goal. For a player who often plays on the bench then this is a fantastic incision. Morata is still young and he entered the Spanish national team squad.
    Alvaro Morata is a great player who unfortunately rarely gets playing time. Until now, his talent seemed to be wasted. He always performs well if played, if scored a lot for a player who often sits on the bench.
    Real Madrid just dont know how to use their players. Benzema missed so many chances last season but Morata has to pay the price for it.Sad it is for Morata,a hero who is not recognized. Aslo Liverpool want Naby Keita and Virgil van Dijk as Reds eye £135million double deal and maybe this will strengthen up Liverpool's defense..And Alexis Sanchez might end up in PSG as well. Wenger has to make another good deal to atleast make sure that Arsenal gives some tough competition to other teams this year ahead in Premier League.
    1274  Bitcoin / Bitcoin Discussion / Re: Who is Satoshi Nakamoto and why does he hide in the shadows? on: July 22, 2017, 03:48:31 PM
    It would have been nice to get this attention in any other context.  WikiLeaks has kicked the hornet's nest, and the swarm is headed towards us.


    This is one of the last posts made by Satoshi Nakamoto on this forum, https://bitcointalk.org/index.php?topic=2216.msg29280#msg29280

    From the very beginning itself Satoshi tried to remain as anonymous as possible. Now around 2010, Bitcoin wasn't as popular as today, but still being the creator Satoshi knew it had a huge potential and when WikiLeaks started accepting Bitcoin Satoshi might have realized that:

    1. Bitcoin getting attention from WikiLeaks might possibly endanger his anonymity.

    2. Bitcoin could also be used for illegal purposes thus not only jeopardizing his privacy/anonymity for being the creator of such a currency, but might also get him into legal trouble.

    If he wasn't anonymous the Feds would have charged and locked him up for creating a currency which could be used for illegal purposes.

    We don't know exactly how many bitcoins does Satoshi owns, but it definitely would be a substantial amount. If he wasn't anonymous then this amount does possess a threat to not only his life, but also his family's.

    Satoshi, be it He/She/Or a group are enjoying their anonymous freedom, let them enjoy it.
    When a person wants to hide from the world he is rather smart or he is afraid of some one who is considered to be a powerful person that would ruin the future of his invention of his Bitcoin and maybe even his family as well. Bitcoin founder/founders  have  been hiding even when bitcoin crossed 2500$ last month,the founder/s are may be hiding for a reason that no one knows and they know that it would cost something that they don't wanna lose. Also people state that illegal transactions take place with the help of Bitcoin, so the identity reveal would lead to legal consequences.
    1275  Bitcoin / Bitcoin Discussion / Re: Afraid of August One? on: July 22, 2017, 02:07:43 PM
    I am not afraid of the August One because I am positive that this coming update of Bitcoin network will have a good impact to bitcoin even if it result in fork.  I do not know why people keep on spreading fears, doubt and uncertainty since this move can possibly solve the long problem bitcoin had.  Aside from that if ever it split the network, your coins will not lose value in an instant.  I suppose both chain will try to survive and of course your bitcoin in each chain will have value. So the possibility of earning more than what the value of your coin today is very possible.
    Hell yeah split ain't gonna happen and people are assuring that probably nothing will happen to your Bitcoin if you take necessary precautions that everyone is telling you to do then why do you need to worry. August 1 is going to be an update for Bitcoin and it may or may not result in a fork. But one thing is sure you ain't gotta panic for everything taking place for crypto currencies, they are volatile and digital so they do need updates just like an normal application on your phone for instance.
    1276  Bitcoin / Bitcoin Discussion / Re: Crime funded by bitcoin on: July 22, 2017, 12:36:56 PM
    Since Bitcoin was ever released, I've thought of the possibility of this. Will crimes be easily funded now due to bitcoin and it's anonymity? How do you think the authorities will combat this? Will this lead to a decline in the price of bitcoin? I've had this on my mind for a while now and I would like to hear your guys opinions.
    Bitcoin was created for good purposes which includes anonymity but this was taken for a wrong meaning and some people use it for illegal purposes, so why is Bitcoin and its founder getting blamed? Its good that Satoshi Nakamoto has not revealed his identity, if he had he might be behind bars for the  illegal things he didn't do.
    1277  Bitcoin / Bitcoin Discussion / Re: Why use Bitcoins ? on: July 21, 2017, 04:43:20 PM
    Why use Bitcoins ?

    I keep seeing threads on “why don't people” ? The real question to me is Why would they ?

    -The average consumer will go way out of their way to save money. Bitcoins cost more.
    -The average consumer will usually pay a little extra to have convenience. Bitcoin is less convenience and more hoops and complications.

    I just cannot see any reason for the average consumer to use Bitcoins. Until average consumers start using Bitcoins they will just be an experiment and a small speculative bubble.

    I have my personal reasons, I am interested Bitcoins them as a tech person, speculative investor and person that follows evolving treads and markets. I am just struggling to see any.. benefits for the average consumer at this stage.   
    Bitcoin ought to be treated like a asset. But you treat bitcoin as if its nothing.The price of  bitcoin is volatile.Its worth every penny for spending on transaction fees for, your transactions would be anonymous and no government controls it .The price hike this week is also a reason why bitcoin is an asset,just like gold or any rare valuable resources  and not some grocery that an average consumer buys regularly.
    1278  Economy / Economics / Re: Could a country survive and maintain economic stability if it phased out cash? on: July 21, 2017, 01:16:38 PM
    Yes. Crypto-Currency is very volatile, the economy of that country would be unstable all the time, sometimes you would be in the Heaven and then some time later you would be in the Hell... To make the country's economy stable it's necessary a stable currency and I don't know any Crypto-Currency that corresponds to this requirement.
    Very well stated and its a true fact indeed. At the moment no crypto is stable enough for an economy,and ruling cash out of the scenario is definitely a road way for the doom of that specific country. Ruling out cash out of a country would eventually lead to ruling out people of the country  and with recession all over world ,making any crypto currency as their main currency will not result as expected.Cash and gold need to present in any economy ,because those 2 things are the things that matter to the world and not bitcoin.

    1279  Economy / Gambling discussion / Re: 2017 Football Summer Transfers Speculation, Odds and Predictions on: July 21, 2017, 09:51:06 AM
    I think Neymar is really interested in signing with PSG Because of being accused of illegal hidden contract with Barcelona. So this case affects on his performance a lot. If he will join with French club then he can perform his natural performance without hassle. In terms of this case I don't take as a rumor. Every summer transfer this type of rumor we face so this time can be true....

    What is rumored about the departure of Neymar for the PSG is not true .. The player is happy in Barcelona

    Manchester United and Chelsea both pulled out of the race for Neymar after it was revealed the total cost of the deal would be £440million. The Premier League giants were both interested in bringing the Barcelona star to England. Not only was his release fee £195m, but his wages would have cost whopping £245m over the course of the five-year deal, with Neymar set to pocket around £480,000-a-week after tax.

    Neymar wont be sold by barcelona, they need neymar there because few more years we wont really see messi there anymore. Even if there is a club that is willing to pay all those money, barcelona will not sell him because they need him in the future. In the end those club will just be making stupid effort on trying to bid him

    I think the future of Neymar in Barcelona depends on Neymar himself. I think as long as he is happy and has no problem, he will not go from Barcelona. Because I'm sure if the club does not want to sell it, so it all depends on Neymar himself.
    Neymar going to PSG might be possible as there is another player that PSG wants that is Christiano Ronaldo for around 132 million Euros,the reason why Neymar would go to PSG is that Neymar once said that he wanted to play with both Messi and Ronaldo . But PSG won't be able to afford Neymar and Ronaldo at the same time.But then if they do, PSG's attack(Neymar,Ronaldo,Di Maria,and Cavani) would be a destructible force  that will wreck any team which would come in their way.
    1280  Bitcoin / Bitcoin Discussion / Re: UASF forced miners? on: July 21, 2017, 07:03:52 AM
    If I understand correctly the threat of UASF force the reluctant miners to fall in line ..... any comments of this view, as to is this correct, and to what extent is it correct?


    I guess  that Bitcoin development team created UASF for the following purpose quoted from an article:-
    Bitcoin's development team, which supports SegWit, has released a new version of the software that enforces the new SegWit rules after 95% of miners show for it as well. When a miner mines a block he can signal his support for SegWit, and when enough miners do so the soft fork becomes valid.

    Unfortunately, Not enough miners have signaled for SegWit support, so the protocol does not change.
    Some of SegWit’s eager supporters decided to take action despite the miners signaling and developed a procedure called UASF, or User Activated Soft Fork..

    The most widely known version of UASF is called BIP148. It’s a protocol change saying that beginning on August 1st, blocks that do not signal for SegWit are invalid.

    This change was not merged into the bitcoin core reference client code, but only to an alternative version of it for users that explicitly support a UASF. The idea is to force miners to signal for SegWit support. This is due to the fact that miners would want their blocks to be accepted by nodes that enforce UASF. When miners start signaling support for SegWit, all of the nodes will start enforcing it, even if they don’t explicitly support UASF.

    The remaining part of the article can be read here:-
    https://99bitcoins.com/segwit2x-uasf-and-the-upcoming-fork-guidelines-heres-what-you-need-to-know/?utm_source=99Bitcoins+blog+updates&utm_campaign=051c564be1-EMAIL_CAMPAIGN_2017_07_20&utm_medium=email&utm_term=0_ca691db33c-051c564be1-121983013
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