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I know what you mean, in my country, there is maybe one or two blogs about cryptocurrencies, but they were not mentioned in the news once that I had heard. The government acts like they do not exist at all, and I literally do not know a single person who has heard about them, or knows anything about them. Naturally, I'm doing what I can to change that, but people don't care. They don't care even more when they hear that there's no way to use them anywhere around the country. As for buying stuff online, they are all like 'My credit card is good enough.' Then again, we can't even use PayPal in this country apart from withdrawing money from it, so there's not much hope for crypto in at least a few more decades, no matter what happens to it in the 'outside world.'
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at this time we know that the Blockchain is being discussed in large countries. and some time ago the Chinese president was welcome on Blockchain. But what about Bitcoin? there is still a lot of controversy going on. Even the US (SEC) is still rejecting the given bitcoin proposal. while we know. Bitcoin is the first carrier of Blockchain technology for general use. is it because of the basic bitcoin that has an anonymous background? so it is difficult to be accepted by the state. could bitcoin be separated someday? I mean Blockchain will be positively welcomed in the world. while Bitcoin will remain controversial.
share your opinions.
I believe that Bitcoin is not adopted because it is a threat to those who make money out of people, particularly the banks. However, that is only a part of the problem, even though it is a major one. The thing is that cryptocurrencies are still evolving, and you can't regulate and adopt something that is still changing. BTC might not even be suitable to be a currency someday, especially if it is moving towards becoming a store of value. Regulations would have to change in a few years, which is extra work for regulators. It is easier for them to wait for crypto to reach its 'final form' instead, even though it slows things down considerably. |
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Run for Water is an organization that has been involved in a movement that has activated thousands of people to become ambassadors, creating awareness about global water-drinking conditions. Fighting for the basic right that everyone is entitled to clean and accessible drinking water Ethiopia, Africa is Run for Water’s first destination. For 12 years, over 100,000 lives in 50 plus communities have been changed by the simple gift of clean water, reducing and preventing illness and death. As these communities are empowered to thrive independently, they are led out of injustice and poverty Run for Water was seeking innovative ways to spread its reach and awareness more globally, and discovered the huge benefits of bitcoin for philanthropic purposes. Since December 2018, Run for Water has partnered with BitGive to host the fundraising campaign on GiveTrack- BitGive’s first non-profit Bitcoin Donation Platform. The opportunity to fundraise in bitcoin on the platform allows us to enhance transparency by educating donors with user-friendly and high-level evidence-based reporting. We are honoured to be working with the entire team at BitGive, and very excited to expand to a global and digital network that is using technology and innovation as a force for social impact! For over a decade, Run for Water has fundraised over $3 million dollars and has helped tens of thousands of people by bringing clean water to Ethiopian villages. This project is specifically focused on helping the community of Waraba by providing an underground freshwater spring-well. Currently, the community is using the local river as a water source, causing illness and serious water-borne diseases that are particularly aggressive with children. This will be the first project partnering with BitGive in the hopes of funding the entire clean water project utilising bitcoin and blockchain technology. We've started the Waraba development and will be providing updates on progress shortly! While we have some great traction with the campaign thus far, we still need the crypto community's help in reaching our goal. Please check out the Waraba project on GiveTrack and donate today: https://www.givetrack.org/project-details/9/Water-for-Waraba Check out our blog post here to learn more about the community of Waraba: https://www.bitgivefoundation.org/guest-blog-water-for-waraba-series-part-1-waraba-anticipating-water/Thank you for your support, and for helping us be part of this revolution in philanthropy! I love seeing projects like this, they show how much crypto can truly help. No talk about the price, speed, or anything like that, just an effort to solve a major issue and help someone who needs it. |
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Is it possible/an advantage to live off-grid with bitcoin?
What I mean by this is living on a rural property, perhaps running a full-node, completely independent from the existing fiat financial system. We want to remove our dependency of the banks and corrupt political establishment entirely.
Obviously, you would need electricity and a computer to run a node and connect to the network. Perhaps bitcoin is not well suited for rural lifestyle or off-grid?
Maybe in Japan or some place like that where the majority of services already accept BTC, and even then, it would probably be complicated to pull it off. Maybe in another decade, things might look better then, i think. |
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Binance in their new report indicates that market capitalization is likely to raise to $16 billion, per the reports that the staking of crypto for a particular time period and getting rewards, approximately have accounts of $8 billion in the market activity. Ethereum on the verge to make it a double-figure. The report, Binance praises ethereum’s community as “first major study into staking, ” says that it could give a sharp spike in the crypto industry soon. Source: TheCoinRepublicThis is exactly why claims that Ethereum will be killed are nonsense. With Ethereum 2.0, it will be years before any projects comes close to being as big and trusted as ETH. I'm quite interested in seeing what ETH will eventually evolve into. |
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That does not really say much, as anyone can create as many wallets as they wish. Most people on this forum probably have more than one wallet, which shows how imprecise such data can be.
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I cheated my way thru in a job interview, for the role of the content writer of exchange, now my boss asks me to write about blockchain but I know nothing about it. Could you guys just give me a basic rundown of.... *Things?*. Anything and everything you feel would be nice to know here
You are in for a lot of research for that kind of job. Trust me, I'm speaking from experience. As for your question, blockchain is a distributed, decentralized ledger that can store huge amounts of information, such as cryptocurrency transactions. The information is packed into groups called blocks, which are recorded and stored chronologically. There are private and public blockchains, where public ones are available for anyone to inspect, and private ones require permission to access. All data stored on the blockchain is immutable, and the only way to change anything is to have the community that runs it to agree to change it simply by adding new information, that overwrites the old one. This makes it impossible to hack, as you would have to hack more than half of the network members, who are located all over the world. Basically, it is as secure as it can be. There is also the issue of mining, which is the process of solving blocks and verifying transactions, which is what crypto miners do. In return, they get rewarded with a certain amount of coins. This is all very basic and something that any article could tell you. The best way to move forward is to do your own research, which will be a lot of reading. |
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China Creates Currency to Cancel-out Cryptocurrency
The Chinese government is on a mission to keep people dependent on government-controlled currency.
China’s government has now devised a cockamamie scheme where they will use their central bank and commercial banks to distribute a newly created digital fiat currency
in an attempt to trick citizens into believing that they have cryptocurrency all in hopes that the people will use the digital fiat instead of real cryptocurrency and stay government currency dependent.
The fiat digital currency will be totally centralized and the plan is to replace the current currency, the yuan,
with the new digital currency which right now is being referred to as Central Bank Digital Currency (CBDC). The digital currency will be issued to commercial banks via the central bank, and the commercial banks will, in turn, be able to distribute it to the people.
In the end, it won't matter. Not even China can block Bitcoin and other real cryptos from being used. In fact, the development of their own currency, however centralized it may be, might be a good thing, as it will show more people that such a thing exists. After that, finding BTC, ETH, and others will be a simple matter of time. |
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Bitcoin has been the Top 1 cryptocurrency since its birth from 2009 it evolves now to the one of the top use cryptocurrency by means of payment. But I see one problem with it, about its transaction. last time after our manager sent our rewards on signature campaign it took a day to confirm the transaction the longest transaction I've ever had. So I came to think of it if Bitcoin can have a fast transaction like Ripple (XRP). I found this Video explaining about Lightning network, this is an old video.  By now are we able to make fast Bitcoin transactions without paying a big amount for it? Source: The Blockchain and Us: Interview Elizabeth Stark, Lightning NetworkThe speed of transactions generally depends on the fee that the payment sender pays. Higher fees tend to be prioritized, while lower fees tend to wait. It's that simple. With Lightning Network, there is a way to have smaller, regular transactions done instantly, which might be good for subscriptions, and maybe even salaries. However, I don't think that this is the way in which BTC is heading. Stellar, or even Litecoin would be better for faster transactions. BTC is moving towards becoming a store of value, imo. So no, I don't expect that BTC will ever be XRP-fast, but that is fine, there are other altcoins that could be used for making fast payments. |
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We all know that ICO is an acronym that means Initial Coin Offering, which is how funds are raised for a new cryptocurrency offering. It is a fundraising mechanism in which new projects sell their underlying crypto tokens in exchange for bitcoin and ether. It’s somewhat similar to an Initial Public Offering (IPO) in which investors purchase shares of a company. ICOs are a relatively new phenomenon but have quickly become a dominant topic of discussion within the blockchain community. Many view ICO projects as unregulated securities that allow founders to raise an unjustified amount of capital, while others argue it is an innovation in the traditional venture-funding model. While, IEO's An initial exchange offering (IEO) allows companies to sell tokens to investors to raise capital. This makes them similar to initial coin offerings (ICOs), but there are a few key differences. It is a new approach to crypto-banking that is catching the attention of ICO investors around the world. IEOs can provide many benefits compared to ICOs. They offer greater security for users, improved transparency, bring about a fairer system that can benefit newcomers, and give users a sense that it is a reliable banking system.
IEOs are generally considered safer because the user is no longer (fully) responsible for making sure that the coin isn't a scam. The exchange that is hosting the token sale does it. Of course, everyone willing to invest in a new altcoin should 100% research it themselves and know as much as possible about it before they commit to it. However, scammers tend to be rather convincing at times, and some users do not know how to recognize a scam, so if they have a trusted exchange that says that the project is fine, that is good enough for them. Now, just because the exchange has given the green light to a project doesn't necessarily mean that it is good or that it will be successful. But, it is generally a better option than just running across a random token sale and participating. In the end, these token sale models have helped the industry evolve in a way, for better or worse. IEOs are also better for projects, as the exchange handles the advertising, and developers have more time to put into the development itself, instead of running around in the dark, hoping that they are doing enough to promote their token. |
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I am just curious: Why do we need institutional money coming in to Bitcoin as if it is the one that can rescue Bitcoin from going down? Is this not an obvious sign that as a supposedly P2P currency Bitcoin is failing on this aspect?
Bitcoin is supposed to be in the hands of the people and not with institutions, or so that is the impression I got by reading some articles about Bitcoin and it should be taking the many traditional institutions by storm, right? Now, I am seeing that it is the other way around.
Please correct me if my impressions is really wrong. Or maybe I miss something here. But please don't insult my ignorance...
Saying that BTC needs institutional money is not exactly correct. It doesn't. However, it could help. If institutions start dealing with BTC, more individuals are likely to trust them, and finally start using BTC themselves. Institutions might also help the price stabilize, and speed up the process of regulating and adopting cryptocurrencies. All in all, they are not necessary, but they could be helpful in the long run. In the end, the goal is to have the entire world using crypto, be they institutions and companies, or regular people. |
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Strangely James Bilal Caan claims that he was the founder of bitcoin.. But lost his hard drive.. Is this possible??
What you guys think about James? Why he use this type of statement.. Specially his explanation about his hard drive?
Not very likely. Someone who is smart enough to create BTC would not just get rid of the hard drive. They would likely store it in a place where no one would ever be able to reach it, and not just carelessly toss it away. Just another faketoshi, imo. |
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Well, at least he came up with something new. Claiming that he was Satoshi was getting old. New claims about Satoshi stealing his invention is actually refreshing. at this point.
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Original Post: https://bitflate.org/post/2019/10/25/market-is-not-ready-for-libra.htmlFacebook CEO, Mark Zuckerberg, recently appeared in front of the United States Congress for a hearing about Libra cryptocurrency. The hearing lacked substance. Most congress members did not inquire deeply about Libra. They instead delved into smearing Facebook and its credibility. Both sides point fingers at each other. Crypto aficionados laments the lack of openness from regulators to new technologies. Regardless, there is deep misunderstanding and distrust between the public and the tech community. Emerging markets of cryptocurrenciesSince the birth of Bitcoin, crypto builders have been developing the wrong solutions. The first generation of cryptocurrencies were hard forks of Bitcoin. They tried to create so called better versions of Bitcoin. Then there were efforts to generalize Bitcoin to blockchain technology. These trends continue. But we still end up with no cryptocurrency that we can use for everyday transactions. It’s time to resolve the ideological debate between centralization and decentralization. Historical trends in technology told us that we swerve between these two polars. We cannot completely settle into one place. That would be utopia or dystopia. We went from mainframe (centralized) to personal computers (decentralized). Then we made the transition to cloud computing (centralized). There is now effort to decentralize the cloud computing stacks. The cycles never end. Each cryptocurrency makes their own design tradeoff. It it useful to think about monies in a spectrum.  As we move from Centralization and Decentralization, we get different kinds of currencies. Each comes with their own advantage and disadvantage. The potential of semi-centralized cryptocurrencies like LibraLibra is a semi-centralized cryptocurrency. It is a better version of centralized cryptocurrencies like Tether or USDC. These coins are issued by a single entity. There is no way to audit their record. We rather have a stablecoin issued by an association of companies. The Libra Association has a governing charter. It is beneficial for consumers having member companies audit the Libra record. These member companies have competing agenda. They serve as check and balance for consumers. Libra is too earlyUnfortunately, Facebook initiated the Libra project. The company was involved in many data and privacy scandals. Consumer’s trust in Facebook is low. Another hurdle for Libra adoption is the public’s misunderstanding. Bitcoin is difficult to understand. Most people don’t have time to dive into its details. Its price fluctuates wildly. They don’t see benefits of cryptocurrencies. Bitcoin has as many critics as believers. The public has not accepted a crypto future. To normal people, Libra is another effort by big corporations to intrude and control their lives. Filling the gap with Bitflate, a decentralized stablecoinBitflate is a cryptocurrency with constant inflation rate of 7%. The project’s goal is to create a digital native and decentralized stablecoin. By adding inflation, Bitflate price will not rise forever. It will have less price volatility. Bitflate can be a gentler introduction for people to the world of cryptocurrency. Cryptocurrency FutureA cryptocurrency future is inevitable. There will be many cryptocurrencies. Each will have a different design and tradeoff. Instead of thinking about zero sum games, we need to look forward to this future. We will have greater financial freedom. We can choose the best currencies for our financial goals. Governments and companies will soon join this vision. At the end of the day, we the people, are in control. The market is ready for Libra, it just doesn't need it, apart from raising awareness, imo. Libra is not a super-innovative crypto, it is just a way for Facebook and Mark to get more money. |
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I am trying to decipher what the future holds for eth, asides its smart contract purposes which of course bnb can offer, what else do you think will help keep eth relevant. Because I see some projects trying to migrate to binance chain, I see that it won't end well for eth as long as bnb keeps improving.
BNB is too tightly connected to Binance to ever overtake ETH, i think. I don't expect it to ever even have a chance, with Ethereum 2.0 on the way. |
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I hope so! In my opinion many Chinese are feverishly opening accounts right now to invest Chinese search engines are reporting the Chinese are searching this topic feverishly! If these guys start investing in the projects that are on the Chinese list of preferred projects I don’t need to tell you what will happen. As an example, I am invested in Cardano and it is on the list and they also have a solid presence in China https://www.tronweekly.com/iohk-bringing-cardano-ada-closer-to-chinese-market/I am not telling you to buy Cardano it is an example. There are many projects on the Chinese preferred list. China seems to be into NEO way more than ADA, it is currently up by over 20%, when even BTC is growing only by a bit over 2% at this time, and Cardano by around 5%. I admit, I did not see this coming, but NEO might actually make a comeback if this continues. |
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I am doing market research for a potential project.
If there was a website you could go to daily where you would earn anywhere from 1 cent - 10 cents worth of bitcoin just for clicking a button, would you do it?
No strings attached, no deposit required. You go to the website, push a button and 5 cents is deposited into your wallet. Would you go every day and do it, or is it not worth your time?
Sure, if it is all transparent enough and obviously not some kind of a scam. Pressing a button doesn't take too much time, and life has taught me that every penny may count when times are tough. And, if you're patient enough and the price does go as high as some predictions say, the rewards might increase quite a bit. |
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Hello everyone! I have some interesting thoughts to put forward about Hal Finney being Satoshi. (I don't know if they are new or not)
I would say that Craig Wright is a liar and maybe Hal Finney is the creator of Bitcoin because:
* Hal Finney died because of complications with ALS in 2014. (Bitcoin was created in 2009)
* Only a dying person has no interest in fame or money and that is why he hid is name and worked for a greater cause, to revolutionise and discourage centralised banking systems.
* Why would someone like Craig Wright try to be 100% private and then all of a sudden become public? He also only became public AFTER Hal Finney's death.
I believe that pretty much everyone agrees that Craig Wright is a liar, but I don't think that Finney was Satoshi either. First BTC transaction was sent to Finney, if memory serves, and I don't believe that Satoshi would just send the money to himself and reveal his identity along the way. It might be a reverse psychology type of thing, but I'm not buying it. |
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well , i was have a plan to sleep early on this day, but before i going to bed, i checked CMC for the last time, and i was suprised, btc going to 10k range . firstly, i just have speculation about what happened today btc will back on 8k range, but i was wrong, even now almost 10k . so , any though behind it ? i just found 2 news about this rally so far. 1. probably because increased daily trading volume in the bakkt market . (not really sure about this one) 2. probably because China’s President, Xi Jinping, endorsed blockchain technologies in a speech, shocking the world. Many on Twitter have claimed that this news likely lead investors to become bullish on the cryptocurrency markets, despite China still vehemently detesting Bitcoin. (quite sure ) or i still missed something ? The China development is probably it, calling attention to the blockchain in a country that large is bound to have consequences. Even now, BTC price is inching closer and closer to $10k, which is higher than we have seen in weeks. However, I don't know if it will last. |
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