 Show Posts
|
|
Pages: [1] 2 3
|
|
Many believed that the inventor of Bitcoin wants to remain anonymous to avoid legal consequences as what happened during 2007 about E-Gold, one of the first digital money (Bernard, 2017). On the other hand, I think it would be better if the founder of Bitcoin will reveal his identity since many countries recognized the essence of this cryptocurrency.
If this might happen, it will contribute for more development of digital currency and regulations in Bitcoin procedures. Also, the acknowledgement must be given for the person who invented the most efficient digital currency in our society.
What are your thoughts?
|
|
|
|
Many government are seeing Bitcoin or cryptocurrency as a threat to their financial system and they think it should be regulated to solve the problem. Do you think they can regulate Bitcoin ?
Bitcoin cannot regulates by just a government of a specific place. It will only be regulated if there is an institution that perform the process of Bitcoin. Nowadays, I don't think it will happen because there is no official company that works for this system like facebook. However, I believe this regulation is very helpful to the digital community as it protects the capabilities of individuals to perform the procedures of Bitcoin. |
|
|
|
The Ceo of Bitcoin cash recently stated that soon people wouldn't be needing banks anymore.Does it mean the world is going crypto soon or he is just bluffing.
How can you assure the statement of that man if there is no specific quotation of him. It is very important for your article to have factual evidences in order to have factual arguments. However, if this is true, I don’t think banks will be eliminated because it is considered part of the society. But then, it just upgrade the system of banking and maybe they will use digital currency in their process. |
|
|
|
Hello,
Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?
I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?
I think this argument is very helpful for both sides. When the flames are keeping heated between them, innovators and their institutions find or work for development to improve their capacity. Thus, this development will be use to catch the attention and interest of the people in order to have their appreciation to the digital money in our society. It is very confident and challenging to have competitors rather than being alone. |
|
|
|
Bitcoin is the world’s 6th largest currency. These figures are noteworthy, but if the value of a single Bitcoin goes up to $15,000, India’s currency Rupee will pass. Ethereum ranked 17th and Bitcoin Cash ranked 20th. Ripple is located just below 20. How many years Bitcoin will need to become No.1 ? As of now, this a huge excellence for crypto currency in our society. Innovators should be proud and must continue strive harder to claim the top. But I think, it has a very low possibility that Bitcoin can make it to the top since US dollar is the acceptable international currency by majority of the country. There would be many arguments and discussions for a lot of the leaders regarding the acknowledgement of Bitcoin currency in the world. However, I believe time comes Bitcoin will make it. |
|
|
|
Hello everyone, what is your opinions regarding Bitcoin Futures. Some say Bitcoin will dip, some say will double.I heard that most of the countries were going to change some rules on Bitcoin, That will effect on the value of the Bitcoin too. What will you say? What are your opinions?
Honestly, it is very difficult to predict or to tell the future of anything because lots of possibilities may happen. Thus, Bitcoin procedures really become famous with regarda to the technological advancements. For me, it has a great future simply because the development of Bitcoin is already consider the part of making transformation. This transformation may be applied to other places or may be rejected depending on the series of cases. The unpredictable value of Bitcoin is the sign or representation of continuous development about this invention. |
|
|
|
Looking at the present state of the market, it could be very disheartening. But one thing is certain is that blockchain technology has come to change our society. And Crytocurrency which runs on the blockchain will continue to wax stronger and stronger, stay above fear. Life surely goes on with or without the enemies of crypto.
The fall of the market and downful of Bitcoin is just part of the process. The process of innovation and development must first fall in order to analyze things and study further to enhance the capacity of digital transaction. Thus, blockchain technology and crypto currency will never die or stops serving the society. The improvements of digital transactions are continuously working to win the threat of other competitors, so we are thankful for the enemies. |
|
|
|
Reports have it that bank frauds still continue to happen despite of strict security measures being taken by the banks. Just between January to July 2018, just timeshare fraud alone had 1.155 reported cases. It's when you’re told you can go on a free holiday or get rich by joining an exclusive holiday club or timeshare programme, but you’re eventually forced to pay for it through small print in the contact. That is not to mention other types of fraud like identity theft etc.
This gets me thinking, is it safer to just have bitcoins, or cryptocurrencies for that matter since it's not regulated by banks? What do you think?
Definitely Bitcoin is much safer than the banking processes. However, nowadays there is no such thing as 100% safety with regards to the assets of an individual. Thus, we cannot avoid criminality even in a virtual world or in the real world. One thing for us to increase safety is about knowledge which a person should know how transaction and procedures are done in a particular institution. To assure the protection is to acquire learnings about the risk. |
|
|
|
https://news.bitcoin.com/costa-rican-workers-can-be-legally-paid-in-cryptocurrency/In this article we can read that a new breakthrough in bitcoin economy is realized. We are always talking in this forum of the possibility of workers being paid in bitcoin or in any form of cryptocurrency. Finally the government of Costa Rica is now on the move of making that dream a reality by legalizing cryptocurrency as part of the salary of the workers. The real question is, if this trend will become successful in long term or will not last long? This is truly a great news for Bitcoin community. The acknowledgement given by Costa Rica regarding digital money might lead into further studies and innovation with the help of that country. Furthermore, their trust to the technological advancements may trigger for the other country to also appreciate the essence of crypto currency. If the development of crypto currency in Costa Rica continues and their local government support its capacity for the society, it might possible to perform in a long term operation. Thus, the innovators should continue that will catch the attention of other places. |
|
|
|
To some,100-unit of bitcoin sounds like a big investment. To some,its a small investment.4 years ago, buying 100-unit of bitcoin was a small thing,but today is a huge investment and it's going to be higher in years to come. Below are some arguments on how one can start with nothing especially in cryto or digital currency system.
#1:Being born poor and financially uneducated does not mean you cannot become rich.very few people are born rich enough to buy 100-unit of bitcoin today. And no one is born smart enough to acquire, finance and manage 100-unit bitcoin by themselves. In other words, not having any money or financial education isn't an excuse not to get started. Yet billions of people let the problem of not having money or enough education stop them from becoming rich. They fail to make the first step. And if they do take the first step and then fail, make a mistake, lose money, or run into problems, many quit. That is why for billions of people, a 100-unit of bitcoin will always seem like a big investment or project bigger than their dreams.
#2: Start small and take baby steps : last year, my first investment in bitcoin was a $100.i was extremely nervous when took the first step.the investment grew up to $300-400 in a month, which I eventually lost all. But I didn't quit. After the lost, my eye opened to the entire blockchain system.i then realized that Bitcoin was not the only cryptocurrency in existence.i started with nothing as a bounty hunter and developed my I.Q on digital currency. Today I am a proud owner of some reasonable crypto. I strongly believe in the power of mind. Our Minds are our most important form of leverage.
#3: Dream Big: Most of us know that a child must be allowed to dream. Thesame is true for adults. Our dreams keeps us rich, young, and fun. Investment and projects keeps us learning and growing instead of living below our means, we dream big, learn, and invest carefully in order to go beyond our means.
In conclusion, Today even in the richest country in the world, millions of educated, hardworking people are earning less even if they are paid more.
To make matters worse, because of a market crash, millions of educated, hardworking people think that investing is risky and to attain higher returns means you have to take on greater risks. There are only a few people who know that the key to leverage is Control, and the key to control is financial intelligence.
The good news is that the higher your financial intelligence, the more money you make without needing money. In this new capitalism, it is truly possible to make money for nothing.
In addition, being uneducated individuals are really capable of becoming successful with regards to the procedures of Bitcoin. However, I think that this person requires a lot of knowledge about the process to surely achieve the objective. As we all know, internet is a very dangerous place where lots of possibilities in terms of cyber crime. With that, to have the capability of becoming rich about Bitcoin, the person should have the best computer literacy regarding website and the market. Thus, this literacy is available to learn in education. |
|
|
|
I have a friend who is interested in getting into bitcoins but he does not have a lot of savings or any major investments. He also has a lot of debts to pay and has an average wage job with a family of 4 to raise. When we were talking yesterday, I thought: who really would benefit the most from investing in bitcoin or cryptocurrency? Can those who are like my friend get into bitcoin even though he has no major investment? Or is bitcoin only for those who can afford it?
For me, Bitcoin is considered being helpful for the society including poor, average, and rich. Thus, rich people who are capable of investing large amount of value will surely result to a much higher amount of value when entering to the market. On the other hand, average and poor people will benefit their capacity of living by the opportunity given by the system of Bitcoin. Opportunity for jobs to easily gain and acquire money. Moreover, Bitcoin really improve technology in our world which will later benefit the whole community. |
|
|
|
The Ministry of Finance of Germany signed the Decree on recognition of bitcoin legal tender. The document specifies that purchases made for cryptocoins, are not taxed!What do you think about it?
As we all know, Germany is the economic powerhouse of the Europe. Thus, this recognition might possibly a trigger for a great development of the Bitcoin operation. The trust given by this powerful country for the digital currency will knock the door of other country to have them acknowledge the essence of Bitcoin process in their society. I think, Bitcoin procedures will help the economy of Germany in order for them to maintain its huge capacity. |
|
|
|
Because to my knowledge there are several countries in southeast asia that have not legalized bitcoin. And what is our endeavor for bitcoin in southeast asia to be legal like any other country (which has legalized bitcoin). Will the impact be positive or negative? This might really has a huge impact to the procedures of Bitcoin in our society. Countries in Southeast Asia are considered to be a developing nations which make their people afford to use lots of technology. Majority of them are capable to access internet that leads for them to easily understand the operation of Bitcoin. Thus, the Philippines are very active regarding the development of Bitcoin as they establish digital currency transactions using coins.ph and many more. |
|
|
|
Its no longer news that an ICO in Japan has lost over $400 million to hackers. They promised to pay back investors who invested in their ICO. Thsi is a huge loss. After I read that news, I began to wonder. How safe is Bitcoin and Other altcoins? What measures should we take to avoid being hacked ?
I think as a Bitcoin user and as a digital netizen, it is a must for an individual to study and research about the process of transactions in this businesses. Thus, understanding the procedures of Bitcoin can lead for a person to protect financial capacity. Furthermore, always remember that majority of the people are living or using internet so the risk of criminality is increasing. I suggest to have proper regulations in the procedures of Bitcoin here in the world wide web. |
|
|
|
My answer to the principle is: NO
Bitcoin is money, the value of money is built on confidence, tradition and security, attributes that Bitcoin offers easily. The analogy between Bitcoin and social networks is completely incorrect, people think that Bitcoin is an myspace that will be replaced by facebook. It turns out that Bitcoin is money and not a social network, so this comparison is completely wrong.
Most of mankind's wealth resides in vaults for hundreds of years, so the circulating medium is derisory close to it. Why are we going to need fast, no-fee coins if we can use paper money and banks? Bitcoin's purpose is to be a safe asset, scarce and superior to gold. What is behind Bitcoin is the fact that no politician can steal you through taxes or inflation, there is nothing safer than Blockchain and Bitcoin. So far no technologically superior currency has emerged to Bitcoin to the point of provoking an abyss between technologies and will hardly emerge.
BUY BITCOIN TODAY AND ALWAYS.
Bitcoin really assure the safety and protection of one’s asset and financial capabilities. However, in order to improve its capacity to help the society, developmental procedures should done. I think competition is a great process of innovation regarding Bitcoin. If there is another currency performing in the society, Bitcoin innovators will find a way for development. |
|
|
|
If you take an assessment, a lot of citizens are not yet informative what is cryptocurrency is....like bitcoin and other altcoins. One proof is that others can be deceived by swindlers because of lack of knowledge regarding crypto currencies. . They invest with the wrong people because of considering in unfounded information and hearsays. Educating people regarding crypto will not make them to mislead. Educators can teach about crypto inside school especially in economic subject/s because it has a big role nowadays. As Tom Emmer stated, “ People tend to fear what they don’t know. If people sailing the oceans at the time of Columbus had believed the world is flat, we wouldn’t have had the great discoveries of the New World.” ( https://bitcoinmagazine.com/articles/venture-capital-working-group-seeks-select-cryptocurrency-safe-harbor/) People tend to have an interest with regards in entering to the field of Bitcoin operations. They appreciate the essence of this invention and the improvement about the technology. However, if they want to invest their money. It is a must to understand first the procedures. Lots of cyber and digital criminality inside the internet, so in order to protect the money, people must learn the right way. |
|
|
|
If you are walking on the road and enjoying a nice day at the nearby park it's all because someone paid their taxes.
Taxes helps a lot , I have seen people frowning over about how they don't want to pay any taxes and as such.
Government ensures that if you earn over a certain amount then for sure you can contribute in the making of your country. It's only if you are able to.
Taxes helps in :
Paying the salary of government employees
Making of roads
Public schools
Parks run by the government
Maintenance fees
Making government hospitals
Making high schools ... The list is endless
We all use all these services at one part of the life or other therefore we can just consider it a little payment for that .
People frown how government is corrupt , it is but not entirely if it was then you woont see new projects coming up in your town or city.
It's just our responsibility to pay taxes, we shouldn't run from it because it will more or so be used for everyone out there in your country , you are indirectly helping others too through paying them , the less advantageous ones.
Also one might say government can print all the money they need , but that's not the case ..the more money a government prints the lower the value of their currency gets which genrally have adverse effects in many sectors.
Taxes is indeed very effective in building the nation. I think the issue is about taxing regarding Bitcoin procedures. Thus, it may not be possible as of now since it is not already regulated and majority of the people cannot understand and appreciate the importance of digital money. However, if it continues to improve and achieve the acknowledgement of every person, it might lead into the regulation. |
|
|
|
A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste".
To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure.
Thinking of all that, would you still say Bitcoin is bad for the environment?
I think Bitcoin cannot produce or contribute to the environmental issue. However, Bitcoin procedures considered as one of the sign about industrialization and modernization but its development only done inside the internet. Thus, Bitcoin operation is rather really helpful for our environment. As the digital currency continues to improve the internet as the field of knowledge, it allows to generate informations about protecting the nature. Also, the budgets produced by this procedures may also contribute to the maintenance of our natural world. |
|
|
|
We can not deny the big country with good economy, it will make the society economy better too. So they can follow the economic development and participate in transactions and investments in Bitcoin era. How the people of small countries can participate in participation and benefit from it? It would be very difficult to calculate the statistics of users of each country, but the comparison of Bitcoin ATM growth from this early 2017 report can be the initial reference of the statistics. Perhaps by the end of this year, there will be more Bitcoin ATM growth across the board due to the growing interest in bitcoin this year.  Bitcoin procedures really has a great impact regarding the economic growth of a country. Since it decreases number of unemployment in the country, it lead into increase to their economic status. Thus, gaining profit from the operation of Bitcoin can contribute to the life of an individual which will reflect also to their economy. Bitcoin users continue to increase. It is the part of the process of innovation. |
|
|
|
It is very sad to say that a technology like this would come to a big tragedy
Bitcoin has the potential to be great but it has become a weapon of Greed
The real use of bitcoin as a payment system is just a fantasy
But what happens in reality, it is just a pump and dump coin like the rest
The only coin that is using blockchain technology the right way is USDT or Tether
most other coins are just scams and not meant for adaptability
A currency is something that can be used for daily basis rather than just an investment
majority of people who buy bitcoin is just for investment and not used as a payment itself
Never the less
HAIL HYDRA!
I believe it will happen for the bitcoin to become a currency in the future. What is happening nowadays is just the appreciation of people regarding its capacity to help an individual. Thus, when people continuously acquire benefits from the process of Bitcoin, development and innovation will also continue. As a result, the innovators will find the formula to turn this invention into a real digital currency. However, I think today bitcoin procedures is already performing as a currency as the operation of transactions are being applied. |
|
|
|
|
