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1  Other / Beginners & Help / Re: How to win free Bitcoins in a short time ??? on: October 27, 2018, 03:11:15 PM
A. Mine Bitcoin using your computer (google if you don’t know how) but you need really good hardware to mine it. (Multiple GPU recommended as the difficulty is very high).
B. If you don’t have good enough hardware then go to “faucets”. I recommend a website called faucet hub to get free small amounts of bitcoin. However these faucets will display TONS of ads as they are essentially giving out free Bitcoin.
2  Bitcoin / Bitcoin Discussion / Re: Never say die to Bitcoin on: October 19, 2018, 02:23:07 PM
To get Bitcoin where we want it to be is going to take a lot of work. Bitcoin is still in it's infancy and has a long road ahead of it. What's different here is that Bitcoin is a community driven technology. There is no company or organization behind the wheel doing the work for us. This means that the weight of growing this tech will fall on everyone in the community. We need to get involved and help in any way we can.
3  Bitcoin / Bitcoin Discussion / Re: Bitcoin and privacy!!! on: October 12, 2018, 08:12:27 AM
Having a payment system with a public ledger has its advantages, too: Imagine a world where Bitcoin is everywhere, and all payments of all governments are in the public domain... Full accountability!
Privacy for the layperson is important, though. So the solution Bitcoin needs to find, will have to balance those two sides. Not an easy task, but I'm sure the devs are well aware of that.
In the meantime you can use Monero.
4  Bitcoin / Bitcoin Discussion / Re: Bitcoin adoption for better life in future . on: October 12, 2018, 06:56:12 AM
Most people have the mentality of sheep that's why we had the ridiculous bubble at the end of last year. But as individuals the best we can do is to make a point of spending at retailers that accept Bitcoin and of course replacing what you spend. Also don't advise people to just buy Bitcoin, instead tell them to learn about it and make up their own mind.
5  Bitcoin / Bitcoin Discussion / Re: how governments can regulate digital currencies? on: October 06, 2018, 03:48:27 PM
Any decentralised currency cannot be regulated by itself, but mechanism’s can be put in place to try to make it transparent, For example currencies like Ethereum and Bitcoin are completely Decentralised any Developers can just push another version on top of it, Replacing it’s Merkel Root and Genisis Hash will result in new currency. So By it’s very nature it cannot be modified once blockchain has been started. By their very nature these currencies by their very nature doesn't need to be regulated but the business involved in this technology need to be regulated and shall be accountable to the nation they belong to this will result in protecting fate of end consumer and thereby people will have more ease and trust on cryptocurrencies.
6  Bitcoin / Bitcoin Discussion / Re: Is anonymity the future for bitcoin??? on: October 05, 2018, 01:09:21 PM
There are tools to provide anonymity in bitcoin with more on the way, but I do not believe it is a goal of anyone to make anonymity standard for bitcoin.
The crypto universe is big enough for many coins filling many niches. Full anonymity likely will always require tradeoffs that may well impair bitcoin's core feature as a store of value, or possible future goals like being a convenient cash replacement.
7  Bitcoin / Bitcoin Discussion / Re: How well does Bitcoin function as a currency? on: October 02, 2018, 03:01:27 PM
Bitcoin and cryptos are young and very small. Maybe Bitcoin will be digital gold, maybe it will be currency. It's hard to tell this early in the game. What Bitcoin can do will depend on the features added in the years to come.
8  Bitcoin / Bitcoin Discussion / Re: Bitcoin does not have limited supply on: October 02, 2018, 02:40:10 PM
Forks don't increase the supply, they make more denominations within the same limited supply. If you own 21 coins pre-fork then you own a millionth of the total supply. After a fork, you still own a millionth of the total supply of either chain.
9  Bitcoin / Bitcoin Discussion / Re: Bitcoin's volatility is a non-issue on: September 28, 2018, 08:48:46 AM
Because the price is volatile, nothing is denominated in it. Because you don’t know how much of something you will be able to buy with it, you won’t hoard it. It wouldn’t be an issue if it weren’t for Digital Gold people...
If one assumes Bitcoin is just a currency meant for transacting, day to day volatility isn’t a big problem.
10  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin become centralized sometime in the future? on: September 26, 2018, 04:05:40 PM
 Bitcoin is based on blockchain technology.There are 3 parts of blockchain .public ,private and cosoritum. The main idea of public blockchain is decentralisation and open ledger available to all where we track end to end transaction.complete traceability. Though identity is anonymous transaction is tracable .if at all we think of bitcoin centralization then it will be nothing different than our traditional banks and will be regulated by third party.
 I think it is possible to centralised by taking control of all nodes across the word ,but what are we going to achieve by this centralization ,we again don't want the middleman to control and regulate the currency else it will be another fiat world currency.
11  Bitcoin / Bitcoin Discussion / Re: Risks are still "stalking" Bitcoin users on: September 25, 2018, 02:43:09 PM
Bitcoin is one of the first crypto currencies and is highly volatile. Even thou new cryptos come out day after day, bitcoin might last for a very long time but ofcourse there is a risk to it depending on lot of unpredictable factors. Even thou it is a decentralized currency and there is a unfavorablty by governments more and more countries are now legalizing bitcoin. If you are game you should invest in it only if you are in a position to forgo the invested money.
12  Bitcoin / Bitcoin Discussion / Re: A simple proof that Bitcoin has zero value on: September 24, 2018, 03:49:08 PM
No currency has real value anymore. It’s all air. The only difference between fiat currencies and cryptocurrencies is that cryptocurrencies works faster, cheaper, is decentralized (no banks needed) and deflationary, instead of the greatest theft in the world: inflation.
Nature will always choose the path of least resistance or the most effective path. The most effective path is cryptocurrencies.
13  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin Mining Really Causing Environmental Damage? Maybe not that much... on: September 24, 2018, 02:41:14 PM
For one, all that energy is turned into heat, so it can be used for (gasp!) heating. Let’s also not forget that the financial industry, including the segments cryptocurrencies will eventually replace, is also using energy for e.g. the heating and lighting of the buildings where employees work. So, some or most of the energy that bitcoin mining consumes will not come as a surplus but as a displacement.
I also expect cryptocurrencies with more conservative energy use emerge even within the PoW family. For example, it would be interesting to see something where the level of security for a transaction was proportional to its value.
14  Bitcoin / Bitcoin Discussion / Re: Risks are still "stalking" Bitcoin users on: September 23, 2018, 11:56:18 AM
Firstly, volatility. But it’s not so big last year. You even can win a little bit while playing on the exchange. Secondly, you can lose it in any option you hold it. On cold wallet, on hot, anyway. Hot wallets can be hacked, cold wallets can be missed.
15  Bitcoin / Bitcoin Discussion / Re: Bitcoin ban in india on: September 23, 2018, 10:40:16 AM
Bitcoin (or any other crypto currency ) cannot be banned in India (or any other country ). The most they can do is stop the conversion of the same into regional currency. But you can always use crypto exchanges to convert them USD and then deposit into your bank account .
16  Bitcoin / Bitcoin Discussion / Re: Using Cryptocurrency for Dark Web on: September 23, 2018, 08:48:25 AM
Almost all of the "economy b" trading will affect the value of privacy centric coins. Bitcoin is actually quite easy to track some point of kyc and follow that to you even if you coin join and sometimes with more advanced analysis even through the changing of coins in a exchange. Anyone working in the dark web is bound to receive most of their pay in monero or zcash and likely keep it there until they can find cash buyers of crypto then just convert for cash.
17  Bitcoin / Bitcoin Discussion / Re: At this time buy and hold bitcoin smile in future on: September 22, 2018, 03:14:59 PM
 I am a believer in buy and hold, I am an avid Bitcoiner and it was drummed into me from the start to buy and hold. Happy I took the advice, it is easy to cash in when there is a rise. There is no problem with that if you are in for the short term and only looking to make a profit quickly.
 Buy and hold works, regardless of the negative news that the skeptics post on media. Bitcoin always bounces back to its original position, if not stronger than it was before the fake news or negative hype, usually in a very short space of time. It is really a personal decision whether to ride the rollercoaster which cryptocurrency can be, regardless of which coin. You will see that whatever happens to Bitcoin, other coins seem to follow, on both the dips and the rise.
18  Bitcoin / Bitcoin Discussion / Re: Do you think Bitcoin is a security, a currency or a commodity? on: September 21, 2018, 03:27:19 PM
 In my opinion BITCOIN yes is a currency
 If you hear them taking about currency note and digital currency that's how currency and digital has to differentiated by note which is tangible and digital which intangible..in simplicity it is a currency that you can't touch that's why its called digital currency because its untangible
 I hope it helps you understand that its not commodity
19  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin safer than banking? on: September 16, 2018, 12:55:49 PM
Bitcoin (and many other cryptos) are better than fiat (a.k.a. normal) currency because they cannot be created out of nothing. Well… at least not in the way fiat currency can by means of a (central) bank buying bonds, creating loans or applying quantitative easing. This almost limitless currency creation is a mayor cause of inflation which renders the money that is earned by hard work eventually worthless. Cryptos (at least the most famous ones like BTC, BTH, ETH etc.) don't have that problem.
20  Bitcoin / Bitcoin Discussion / Re: Bitcoin a Reserve Currency? on: September 16, 2018, 09:52:47 AM
I would say no because Bitcoin’s ability to act as a reserve currency isn’t its core strength or purpose. From my understanding, it was created to allow peer-to-peer transactions online without intermediaries and were untraceable. These are features which some individuals might appreciate, but aren’t necessarily useful for larger institutions.

What large institutions look for in a reserve currency is security and price stability. Bitcoin has so far not met those criteria. There have been several high profile cases of theft involving millions of dollars worth of Bitcoins. As far as I know, stolen Bitcoins have never been recovered. As for price stability, Bitcoin simply hasn’t been around long enough to build a user base large enough to stabilize the market and protect it against speculative shocks.
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