1063
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Bitcoin / Bitcoin Discussion / Re: Is Bitcoin Anonymous Enough For You?
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on: June 07, 2016, 01:48:28 PM
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Yes, the pseudo-anonymous nature of Bitcoin is enough for me. It is the perfect equilibrium between having enough privacy in my personal spending and having a transparent address where it can be seen how much and when did I receive funds.
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1066
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Bitcoin / Bitcoin Discussion / Re: Gaming Giant Steam Disables Bitcoin in Russia
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on: June 06, 2016, 09:27:35 PM
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Steam will disable BTC everywhere in less than a year Why would accept BTC while they made BILLIONS of USD with by accepting debit cards? Why disable BTC when they make BILLIONS of USD by accepting debit cards + MILLIONS of USD accepting Bitcoin? What you said is basically saying "let's disable something that allows us to profit even further and that makes it easier on people who are returning costumers".
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1067
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Bitcoin / Bitcoin Discussion / Re: Satoshi is back - and he likes art!
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on: June 01, 2016, 09:59:00 PM
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From thinking that this Bitcoin stuff is no fun at all after falling upon him, refusing to be associated with anything Bitcoin related to being some kind of "meme" within the community and enjoying such status? Wow, some things do take a wild turn...
Can't blame him for "cashing in" on easy, legit money, I guess.
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1069
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Bitcoin / Bitcoin Discussion / Re: transaction speed of Bitcoin as users increase
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on: May 31, 2016, 04:50:33 PM
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I am sure this must have been asked many times but please help me understand. what will happen if one billion people were to use Bitcoin as their currency of choice, will the infrastructure be able to handle the traffic and will the transaction speed become extremely slow?
As answered, the infrastructure isn't ready, but there are plans to make it able to handle high transaction volumes. As for transaction speeds they won't change: they've always been instant and will always be instant. Confirmation time is another topic and that's the one you're referring to.
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1070
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Economy / Speculation / Re: Bitcoin Is Soaring On Unprecedented Burst In Chinese Buying
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on: May 29, 2016, 12:26:29 AM
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Is there some kind of new "investment" scheme in China that is driving up demand? In the past there was this MMM craze.
MMM didn't move the price this much, highly doubt it was something similar. I sure do hope it isn't something similar, weather all this buying has been from China or elsewhere
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1073
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Bitcoin / Bitcoin Discussion / Re: Hacker Donates $11k of Stolen Bitcoin to Kurdish Fighters Battling ISIS
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on: May 27, 2016, 10:11:23 PM
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Then people wonder why Bitcoin has such bad reviews from mainstream media This is two in one: stealing and funding war. We already have enough of that courtesy of our governments. This is what we're trying to fight with Bitcoin. Unfortunate to see people having an opportunity to do things differently and yet they still do the same terrible things that are done with fiat.
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1076
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Bitcoin / Bitcoin Discussion / Re: For any crypto-coins to have long term future, you need an ecosystem around it
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on: May 26, 2016, 04:52:38 PM
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If we were to bring the same rational to the realm of cryptocurrencies, it is not likely any of the new coins (including Ether) is going to be successful in the near future unless there is an ecosystem around them. Building an ecosystem is unlike constructing a new building. It requires a vision and fulfillment of a need. So, if Bitcoin as a cryptocurrency is able to fulfill this need, where will other coins stand?
They really don't. Altcoins stand on the technical side. They all share the same common basis (Bitcoin) and try to improve over technical aspects, protocol, aspects, etc. These coins aren't really after the ecosystem and commercial side of things. Their purpose is to give ideas for Bitcoin development and to try to compete with it at the technical level. It's a bit rare to see a website accepting some altcoin and not Bitcoin. Exceptions are websites who are closely related to the altcoin in question or even ran by someone deeply involved with it, or by the developers.
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