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1  Bitcoin / Bitcoin Discussion / Re: Ways to improve Bitcoin Community on: May 23, 2018, 12:48:08 AM
The most prolific way to help the ecosystem is by simply spreading the word! No matter how much we develop and refine these technologies, it only means something if people actually use it...

Another helpful thing to consider is holding in the face of bear markets. Investor skittishness is the cause of volatility for the most part (among other things). Don't be a part of the problem Wink
2  Bitcoin / Bitcoin Discussion / Re: Why Media is negative about Bitcoin? on: May 23, 2018, 12:37:36 AM
Media is largely funded by traditional finance, and tend to take the same opinion (you never bite the hand that feeds!). Also, given how volatile bitcoin can be, bullish sentiment can earn a reporting body scorn in bearish markets. Until Bitcoin becomes more widely adopted, the media will be reluctant to embrace it.
3  Bitcoin / Bitcoin Discussion / Re: Why Bitcoin is Different From Other Currencies? on: May 17, 2018, 07:39:33 AM
Primacy and trust. Bitcoin was the first, this means a lot to the community. Bitcoin also has the benefit of the largest amount of interest and trust, due to it being the prototypical cryptocurrency. It is important to note however, Ethereum certainly comes a close second, mostly due to the amount of capital injected into it via the recent ICO wave.

Other coins may differ in many ways. But the primary difference is acceptance/trust.
4  Bitcoin / Legal / Re: Criminals and Bitcoin on: May 17, 2018, 07:26:31 AM
Bitcoin is a medium of value transfer, not a tool for criminals. Like all things, it can be used for nefarious purposes, against its original intent. But consider, with its unique physical and anon properties, fiat has and will be the largest facilitator of illicit transactions  Wink Unlike a blockchain (possibly the dimmest way to conduct an illegal transaction), cash tells no tales.
5  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] VUToken: Powered by Virtual Reality, AI and Blockchain on: May 17, 2018, 06:21:06 AM
Here is a look at our Roadmap (please note that we are far from new!):

June 2013
Company Founded and Incorporated


August 2015
Tech Coast Angels investment round closed


July 2016
Tech Coast Angels, Pasadena Angels and Wharton Angels follow-on investment round closed

November 2016
Prototype released for HTC Vive and Oculus Rift


May 2017
The COVE I Fund, LLC investment round closed

July 2017
VU proof of concept completed

September 2017
Completion of VU conceptual design

December 2017
VU engine pre-production


April 2018
VU Token Pre-Sale

June 2018
VU Token Sale

July 2018
Release sneak peek demo build

August 2018
Private BETA launch

September 2018
Genesis block auction


January 2019
Public BETA launch

6  Economy / Economics / Re: Panic selling can contribute to bitcoin price going down? on: May 17, 2018, 03:12:32 AM
Of course! Given the low number of market participants, the relatively low capitalization versus traditional investments, and lack of investor savvy, volatility can be extreme when people react on news and rumors. This is compounded by illiquidity (evidenced by huge price fluctuations when a large participant buys or sells). This will change as more people participate in the market.
7  Bitcoin / Bitcoin Discussion / Re: This guy has lost 103 Bitcoins on: May 15, 2018, 09:10:52 PM
This guy has lost 103 bitcoins he mined back in 2011 and then lost his wallet dat file similar to what I have done but wow this guy must be gutted the amount of money he has lost compared to me  

His Address    166BuLPWHUjqoqiYp5rGE3B5r5AmqgHpoL    Final Balance   103.20832384 BTC

So many people have the same problem and I wonder just how much Bitcoin is stuck not being able to be used Sad

He says "I used to mine Bitcoin back in 2011 and I lost my wallet.dat file (through several stupid moves on my part). It's got approx 103 BTC in it, anyone is welcome to it, I've given up trying."

To our understanding, these 'lost' coins are part of the original plan for bitcoin. Part of the scarcity built into the system, the "diminishing supply", is due to the fact that user error will render some percentage of coins unable to be used. Effectively, they will be removed from the economy, but only for a time. These coins will be retrievable in the age of quantum computing, where these older wallets will be subject to penetration.
8  Alternate cryptocurrencies / Bounties (Altcoins) / Re: [BOUNTY] VUToken on: May 15, 2018, 09:02:20 PM
Check Out The Current Leaderboards:

   aprakarsa   41780
   jacobgriscom   7125
   RyanSchultz   5685
   gjarrosson   305
   PetersGrandAdventure   5

Remember, the top 10 participants share the ENTIRE reserve token pool, with tiered percentages. And weekly token bonuses start at just 10 points (this can be a single task!).

5000 VU bonus every week for the highest weekly point total!

9  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] VUToken: Powered by Virtual Reality, AI and Blockchain on: April 24, 2018, 04:45:36 PM
Does this token sale have a softcap and what is the total amount you want to raise?

Sorry for the delay in response! The softcap is 97500 ETH, and we appreciate your interest  Smiley
10  Economy / Economics / Re: Is bitcoin helpful to the economy? on: April 09, 2018, 01:08:42 AM
Of course it does affect our economy. The mere fact that the system involves money; though in our case it is cryptocurrency until you convert it to one, it would certainly get to be a factor in the standing of our economy. Gurthermore, trades and direct selling using bitcoins would be good examples.

This is correct, and let us elaborate. By spurring interest in fintech and technology, there is a real world increase in funding via this vector. That private/ institutional investment provides much needed funding for research and development, with positive implications inside and outside of the crypto sphere.
11  Economy / Economics / Re: Do we need regulations? on: April 09, 2018, 12:34:26 AM
No thing of substance can escape regulation. All things that are consumed by the public, eventually must be regulated. So if we want cryptos to succeed, the best course of action would be to embrace these regulatory efforts, and assist as much as possible in expediting the process,. We must accomplish this while confidence in the sphere is still high. Failure to do so might allow interest to stagnate, prolonging the adoption process and diluting profit.
12  Economy / Economics / Re: Blockchain and Economists on: April 09, 2018, 12:26:11 AM
If blockchain technology can be spread globally, Banks' foreign exchange operations will be fatally hit.

Blockchain technology can avoid cumbersome systems and create a more direct payment process between the payer and the payee!

Each node of the block chain is a collection of functions of routing, blockchain database, mining and wallet service.
I'm always amazed and inspired by how blockchain works. I would love to see more of it. Try to read some video clips on how capable blockchain is in giving us an easy transaction. The idea behind it makes it more convincing by many companies to adopt this technology.

As more corporate/business solutions become available, modern business won't have a choice but to adopt blockchain technology, in order to stay competitive with those who do. The cost and time savings that make the technology desirable, also makes it attractive to business for the sake of efficiency. Ultimately, blockchains that offer utility will most likely be some of the most successful coins, as business utility means a lot more in terms of capitalization rather than consumer adoption.
13  Economy / Economics / Re: how can bitcoin help the community? on: April 08, 2018, 11:45:12 PM
More Bitcoin charities would do wonders for the space, as there is much value being created, but not necessarily redistributed. And successful Bitcoin businesses would be wise to donate some gains (bit profits, mind you) in order to generally promote and foster the development of Bitcoin and Ethereum.
14  Economy / Economics / Re: Bitcoin reduces unemployment on: April 08, 2018, 11:35:38 PM
Bitcoin is a viable source of income, but typically only with higher paid jobs. Essentially, cryptospace in general facilitates a borderless "gig" economy, which can be very useful for unskilled or low skilled tasks. In countries where the standard of living outstripes these earnings, this stream if income is helpful, but not enough for a living income. It would take skilled work, a thing which all unemployed participants might not be capable of. At least, in this space specifically.
15  Economy / Economics / Re: Resource based economy? on: April 08, 2018, 05:06:13 PM
Resource based economy with profit removed from the equation.

I'd like to see this happen. Anyone know of anything in the works that might make this possible?

While ideologically this sounds great, there is little incentive to participate in said economy. Profit drives EVERYTHING in this world, especially under corporate models. This scenario could be possible in an economy that includes a basic income.
16  Economy / Economics / Re: Bitcoin is useless on: April 08, 2018, 03:23:51 PM
On the contrary! Bitcoin is one of the most useful technologies to be invented in recent memory. The ability to transmit value quickly, painlessly, and cheaply is in the process of revolutionizing fintech and the way we look at money. But we will weather the storm of regulation, just like any incentive technology.
17  Economy / Economics / Re: 99% of the people still think that fiat money are better than crypto on: April 07, 2018, 08:29:44 PM
Until adoption reaches the same scale as fiat, cryptocurrency will never be as inherently useful as "money". This is moreso due to the fact that society and commerce are set up around a "physical money" paradigm. When more merchants accept Bitcoin, it will be much easier to use, and subsequently much more useful
18  Economy / Economics / Re: Two critical issues: liquidity and volatility on: April 07, 2018, 09:33:59 AM
ęThatís whatís happening to todayís ICOs. They are raising an eye-watering amount of funds (over 1 billion in 2018 alone), but once the funds are in their wallet, itís incredibly hard to use them in a practical way.

Here are the two critical issues: liquidity and volatility. The former breaks down like this, I raise $1 million in ETH but I canít use it to pay my rent. The latter, I raise $1 million in ETH but its value could drop drastically in the same afternoon. Now Iím asking myselfÖ.Ľ

Read full post:

Liquidity is an easy issue to overcome. If one is patient, massive liquidations can be spread out over multiple exchanges, and over time. Volatility is the real issue. Until we get more adoption, it doesn't take a lot of selling to make a major effect on the price.
19  Economy / Economics / Re: What will happened to bitcoins after one died? on: April 07, 2018, 09:13:12 AM
Who owns the bitcoin after someone died?  How to state this in the will? Please share your thoughts.

It's relatively simple to determine who controls a Bitcoin wallet. It's the person with access to the keys.  Cheesy

If you do not make preparations for the future, your coins will remain inaccessible to your loved ones for eternity.  Or at least until quantum computing becomes a more viable thing. Make sure to state your Bitcoin in your will and testament, or at the very least, leave your key with a trusted party, in case of your untimely demise. Given the potential for price growth, I would rather be safe, than sorry!
20  Economy / Economics / Re: Why are you saying wait? on: April 07, 2018, 09:06:13 AM
Wait, the  market is not encouraging to sell your bitcoin now, every business men have one  things in his mind, that is profit, so one has to wait to make that profit, buy low and sell high  ⚡️.

"Buy low, sell high" is always the perfect advice. Until you attempt to do so  Grin

But there is true wisdom in this. We are currently low, buy sooner or later. Even if the markets correct due south, there is more potential for growth, than retraction. If you have not sold yet, why short now? HOLD!
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