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I think that within the future we as a globally collective species will become a cashless society. As of right now we are within the digital age. Everything that once seemed distant is now almost within our reach. Just 100 years ago or so, people wouldn't have dreamed of the technology that we have available today, but a few did imagine!
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Bitcoin as a currency that is decentralized, they is no Headquarters for Bitcoin and it has no Central office where they distribute information concerning Bitcoin, Like illicit transactions that money was lost but recovered after some investigations through the distributed information.
like someone said on my previous thread that more people will be comfortable using bitcoin if these features comes into place.
Share your thoughts.
As of right now, many people aren't worried about transactions being logged and traced, but I'm sure theres a cyber crime unit somewhere in the world piecing together tech that will be able to trace transactions to physical addresses or something of that nature. I sincerely believe that the future of Blockchain and crypto will get a lot more transparent if governments are willing to work with developers, merchants and entrepreneurs in this sector. We need to reach a middle ground with the policy makers and regulators. |
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A really good platform for newbs like me to trade on is called 3commas. 3commas is an API based trading platform that automates trades for you quickly and smartly, so you don't have to give them complete access to your exchange account, only the api key which handles trades only, not withdrawls. You can " Smart Trade" your buy order, take profit, and stop loss all in one trade. So you can plan your trades and then trade your plan. 3commas Smart Trade offers Trailing Buy, Trailing Take Profit and Trailing Stop Loss. " Trailing Buy" when activated follows the price down to get the lowest buy prices. " Trailing Take Profit" gets activated when it reaches its proper threshold, then the trailing take profit trails as the price movements uptrend, resulting in a higher percentage gained for take profit. " Trailing Stop Loss" which when activates, trails upward as the price uptrends resulting as a safety net that results in higher percentage gained instead of loss. Bot Trading: 3commas offers Bot trading, simple bots for trading single pairs & Composite bots for trading multiple trading pairs. You can even copy other people's bots that are doing successfully well, at your own discretion of course! Free account: If you trade on Binance only, there is a special account that is free, all features except paper trading. Brought to you from 3commas special partnership with Binance. Courses for newbs: 3commas offers courses now and has tutorials as well by a YouTube account named: mooninpapa He breaks down all the tutorials real well and offers training courses for newbs. 3commas Platform 3Commas Newbie Trading Tutorials by: mooninpapa
https://m.youtube.com/channel/UCig8XY-gsthRgM-zyv1nx6Q
Always practice your Due Diligence first! |
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Bitcoin dominance is above 65% which is something unusual since Altcoins started getting more interest from investors. It also seems that this percentage is increasing steadily for quite some time now. This is not surprising since Bitcoin was the most profitable coin in 2019 and people don't take the risk investing in altcoins anymore,they realized that Bitcoin is less risky as the price almost always eventually recover afterwards when it comes to BTC.
So what to do you think? Are altcoin getting boycotted,giving Bitcoin an increasing dominance from now on?
I really don't think the altcoins have a strong and stable enough foundation/support in order to work and be independently successful without Bitcoins stabiliziation and push. It seems like when Bitcoin starts to downtrend, other coins follow suit and start downtrending aswell, and vice-versa, when Bitcoin uptrends, altcoins almost always are soon to follow. |
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I'm working on an idea and it might sound a bit far-fetched but it is a 'virtual currency' made to be stored offline much like a paper wallet. But I'm not storing any bitcoin private key. I'm creating what is called a ticket. Each ticket has a unique set of codes and the whole idea is that it must be easy for people to write down these codes so you can create your own set of money or complementary currency. A long story short, my plan is to use Bitcoin as an "intrinsic value". Since the whole point of this project is mimicking physical cash in a cashless society  it can't be backed by fiat. Another point to make is that the idea is that small or large communities can run their own server backing their 'community currency' and it doesn't have to be that powerful. It is not a decentralized solution, so it will be built on trust, but there is no way to trace or log transactions, just like cash. I'm currently running in beta ( 52blocks.net ) with focus on testing it out and doing hand-to-hand transactions. But in near future I'll add some new features . My current issue is how to give each ticket it's own value. I would like to hear your opinions on this project and what would be the best way of assigning value by using bitcoin. As a community currency you don't need to trade your ticket for bitcoin for each transaction, but if you don't want to create your own set of cash, you can burn a ticket for a new one and also (in the future) collect it's value .. [ Disclaimer] " My post does not constitute legal or financial advice. I am not a lawyer or financial advisor. I am here just to post my opinion about the topic of this thread. If seeking legal or financial advice, please consult with your local professional."
Of my opinion (just a regular joe) . . . This sounds highly illegal, it may be wise to consult with your local lawyer/legal advisory first in order to check if your potentially putting yourself within violation of your countries financial laws. It could be extremely illegal to mint paper/metal/physical money without some sort of license and permission from your government or whomever controls your countries financial system. Maybe write to your local Congressman, or government agency? Perhaps contact your country's treasury department? Whichever route taken, be sure to practice your Due Dillgence first! |
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David Chaum - He visualized a token currency which could be transferred between individuals. Chaum developed a so-called "blinding formula" to encrypt information passed between individuals and later, founded DigiCash. Wei Dai - In 1998 Wei Dai proposed an "anonymous, distributed electronic cash system" - In the B-money system, digital pseudonyms would be used in order to transfer currency through a decentralized network. Satoshi referenced elements of B-money in his bitcoin whitepaper. Nick Szabo - Bit Gold came with its own proof-of-work system that in some ways is mirrored by today's bitcoin mining process. Bit Gold aimed to avoid reliance on centralized currency distributors and authorities. Szabo's aim was for Bit Gold to reflect the properties of real gold, thereby enabling users to eliminate the middleman entirely. Adam Back - He published a paper detailing his protocol in 2002, named: ‘Hashcash – A Denial of Service Counter-Measure.’ Hashcash used a proof-of-work algorithm to aid the generation and distribution of new coins, much like many contemporary cryptocurrencies. I have had many silent thoughts on this matter and I contemplated the outcome of this experiment, if Satoshi decided to reveal his true identity. How many people would actually take him to court for intellectual copyright infringement? Companies like PayPal revolutionized person-to-person payments online and they might even find a reason to sue him.  Is this not one of the reason why Satoshi Nakamoto never revealed his true identity? Sources : https://www.investopedia.com/tech/were-there-cryptocurrencies-bitcoin/ https://btcmanager.com/the-history-of-bitcoin-part-1-what-is-hashcash/https://en.bitcoinwiki.org/wiki/B-moneyhttps://en.wikipedia.org/wiki/Nick_Szabo This sounds silly to be honest, Satoshi Nakamoto most likely did borrow a few inspired ideas of others in order to construct this idea of Bitcoin & Blockhchain, but he didn't do it to claim ownership or to make a profit off it, instead the whole project made up of a clump of mixed ideas that is Bitcoin and blockchain were made open source, so that others could do the same, abiding by the law of equivalent exchange. The really cherry on top is this, Satoshi's never touched the coins in his wallet. Now if that doesn't drive a man batshit insane thinking upon why, I don't know what will. I don't think the real Satoshi will ever reveal itself, because it takes away from the mysterium, Satoshi is seen as being a modern day digital messiah. |
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"Proof-of-work is essentially one-CPU-one-vote."
Satoshi nakamoto
 As we all know, mining is now completely centralized. Big money buys expensive equipment in the form of ASIC / GPU / FPGA devices and deprives everyone else of the right to participate in the issue of cryptocurrencies. Questions: Does the modern cryptocurrency community need this principle of Satoshi Nakamoto?
Maybe it's time to abandon it and admit that ONLY money should always release new money? No they don't need all of Satoshi's principles, his system isn't perfect, no system is. Bitcoin wasn't designed to last forever, it was a proof of concept for Blockchain, and an alternative financial system to traditional banking, why do you think the entire project is open source? It's open source so that others can build upon or off Blockchain and Bitcoin protocol, to enhance it and add to it, making it better. Bitcoin is only the prototype protocol. There are better Blockchains and cryptocurrencies on the market. |
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I just saw their official announcement here https://www.alibabacloud.com/blog/new-solution-for-third-party-logistics_595584 and https://www.alibabacloud.com/blog/securing-deliveries-with-smart-technologies_595585The important point that I got is the business model being employed under the 3PL approach includes the use of low-cost and versatile frequency sensors that would be installed inside Shipping Containers to monitor their movements and status via the immutable Credits blockchain database. And the use of the Smart Payment Service based on the combined Alibaba Cloud and Credits blockchain platforms is a solution that is currently being implemented by the companies in the Chinese market. The Credits blockchain provides secure transactions between the parties to the delivery process and logistics providers, such as DHL. What do you think about this guys? Will it have a positive effect on the Chinese government regarding cryptocurrencies and blockchain technology? Or even have a big impact on other crypto communities? Any majorly big corporations that have made the decision to support blockchain and cryptocurrency technology is an good move for the crypto space. This means cryptocurrency is finally getting its long overdue respect and adoption as being an innovative and beneficial technology. |
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I believe Libra will bring the world together into the cryptocurrency space with a massive cryptocurrency adoption like theres never been before, if it ever successfully launches. Libra is a centralized platform and cryptocurrency, but it stands to serve for a greater purpose. Facebook is the world's most popular social platform and together with their partnerships with Occulus Rift, WhatsApp, and Instagram gives them a far reach around the globe.
Cryptocurrency adoption has been picking up for a few years, but still nothing exponential. Libra could potentially be that exponential drive that could increase adoption rapidly.
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I don't think Bitcoin will ever be money or legal tender. I think it acts better as a store of value digital asset. I think that the current monetary financial system in place isn't going to go anywhere anytime soon. I'm thankful for them even allowing Bitcoin to thrive a little, because in order to kill Bitcoin, you simply ban crypto trades against fiat, and the system and watch the market deflate. But this isn't the issue, they are playing it safe for now!
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I think it's important for local businesses to play there part in getting local adoption. As of right now Bitcoin and cryptocurrencies are very popular amongst the average populace around the world. Crypto won't see any major adoption until the governments decide to embrace it. Once the regulatory hurdles are overcome, the average joe may start getting interested, especially if influencers start promoting crypto adoption.
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TradingBeasts.com predicts Tron Price Prediction 2020 that in January 2020 a price between $0.05-$0.08 may be expected. By the end of December 2020, a high rise is expected at prices from $0.21 – $0.30. What's your point of view on tron price prediction? It could very well be so that the price of TRON moves up some. As of late Justin Sun has been making some fierce power moves. Justin Sun just purchased Poloniex off of USDC stablecoin-issuer Circle. At one pint a few years back, Circle was competing with Coinbase. Justin Sun Also bought a hot 4.6 million dollar lunch date with Warren Buffett some time ago around a few months. Justin Sun also is dealing with major corporations like Samsung. So it is easy to see that TRON could have a healthy price movement in the future. The exact price, who knows? |
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As we all know , crypto market is not doing so much in these days. Major Altcoins are bleeding, even top currencies are not increasing
Major reason according to my opinion is the lack of new investors. New investors are not showing interest.
in 2020 I think will be better than Today. What do you think, what is your prediction about crypto market. kindly share your thought.
Possibly, but we have to remember that all altcoins on the market relatively follow the price movements of Bitcoin first. So if Bitcoin is bullish, than alts will see an increase in upwards price movements and when Bitcoin falls, other altcoins began to descend. I think that their isn't a firm belief in Bitcoin and cryptocurrency at the moment among your everyday average Joe citizen. If Facebook were to get their Libra platform off of the ground, the adoption level could potentially increase. Only time well tell! |
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Time and again I hear people saying how it would be okay if they have the access to only*traditional money* but one should understand that time has changed and so have we , according to me Bitcoins now a days is indespensible, it's a part of society now , it's a new culture.
Speaking from my personal opinion I just wanted to hear what you guys think about it , why do you think it is so important ?
How have it shaped the society for you .
As for me it is an amazing source of Income , it may not be 100% what you could want , but it helps you get those late night pizzas I might say .
If you are a student it becomes even more necessary because as a student you are not allowed to work , all you could do is rely on it as an independent source of income apart from all the society ( don't know about other sources but in medical you are not allowed to work ).
Let's hear it from you .
I agree, it has taken ten something years, but Bitcoin adoption is slowly beginning to pick up speed. There are a lot more places/merchants the accept Bitcoin now, even some large institutional investments firms have gotten involved. The hardest hurdle to overcome will be regulation. Congress will have to agree to take middle-ground stance in order to work with innovation instead of stifle it. Going through the motions of legal preceding's is a slow and sometimes strenuous process. The IRS has updated there guidance, and the SEC is working heavily to regulate the scene, seems like the train is rolling fine. |
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One Twitter account has been picking up a bewildering number of Bitcoin transfers of $410M cycled through many wallets. The reason still remains a mystery.
Large transfers of Bitcoin are expected, but recent on-chain movements have been raising eyebrows. One large market player has been moving $410M between addresses, incessantly. In total, nearly $10B in BTC has been moved back-and-forth in just 15 minutes.Read the full news hereAnother one of many Bitcoin and crypto whale alert here!For me, this is a such a huge amount worth of Bitcoin to be moved in another address in only 15 minutes. However, it's still a mystery whatever the reason is. These whales are just fortunate enough to accumulate Bitcoin during the early times. Until now, I still regretted in doubting about investing in Bitcoin years ago. Correct me if I'm wrong, but these whales know what they are doing. They are here for the long-term since they have enough BTCs in their arsenal, especially the next year's halving. However, I would not really count on halving's guarantee of BTC's price pump. The really scary part is this, what if these whales suddenly decided to all cash out one day? What would happen to the market volatility? Just a little transaction and people fly into Fear, Uncertainty and doubt. I think that the whales know that they play an influential share in the market price movements. Bitcoin may be decentralized but a few early birds still control a lion's share of Bitcoin. This is why the early bird catches his worm, imagine investing when bitcoin was worth a few cents? You too would be considered a whale at this point. |
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I want to know about the new coin from the facebook called libra and how will people use libra, and when will libra be available? to use. did you think that libra will overtake bitcoin and other crypto coins and become the number 1 coin in the crypto market?
What you think and share info about libra here.
Libra is Facebooks answer to mass cryptocurrency adoption, and is pegged to be a bold step for a centralized mass use of crypto. Libra the cryptocurrency by thebsamebname as its platform is a form of stable coin that is backed by low volatility assets. Libra will probably be Intergrating with Facebookband and it's partnerships like Instagram, oculus rift, and WhatsApp. |
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I've been in this space since 2014. I have always been a Bitcoin Maximalist. Than 2017 happened, and it was hard not to chase altcoins. After the hype died down, and the dust settled, I realized that there is room to be a BITCOIN/ETHEREUM Maximalist. Every other project is a "me too," or a clone, or redundant, or vaporware. The only two blockchains we need right now are Bitcoin and Ethereum...and we need BOTH! Not just Bitcoin anymore.
I love Bitcoin...LOVE it! But when it really comes down to it, I use Ethereum in actual, practical use cases. I recently bought something in USDC...which utilizes Ethereum. Stablescoins, ICOs, IEOs, SEOs, Defi will be built on Ethereum.
I have fallen in love with Ethereum as hard as Bitcoin, and I see value in both. Ethereum is extremely elegant, and may end up being more important in this space than Bitcoin one day. It is the foundation of the Defi movement.
So there can be a category of people who consider themselves BTC/ETH Maximalists.
I most certainly consider myself one, as I think that Bitcoin was/is the first generation of cryptocurrency and blockchain technology. Ethereum is Bitcoin 2.0 or better said, the second generation of cryptocurrency and Blockchain technology. The third generation of Blockchain technology is EOS, another important coin that changed the industry once again. |
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guys how to get around local tax laws and convert crypto earnings into legal fiat?
I don't think that there is a "get around" for taxes, period. You either pay what's owed of you, or don't, and risk being audited and all of the other consequences that follow such course of actions. To convert your cryptocurrency into fiat, you have to go through a medium, usually in the form of an exchange. Which may require KYC/AML compliance. |
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In recent time cryptocurrency is not in a good shape. Many peoples are losing their money because of fraud but bitcoin is in a good shape and I hope in the year of 2020 bitcoin price will rise more.So it is the high time to invest bitcoin.
This post seems a bit vague with the statement about Bitcoin being in good shape. I personally don't think Bitcoin is in good shape at the moment, but to be optimistic regarding your stance, Bitcoin seems to be hanging in their! The market prices seem to have stagnated, as Bitcoin is unable to break the $10,000 threshold. If it were to break, that would make me happy. I really think that we could use a good bull run right about now! |
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The exciting and wild big bull run in 2017 was attributed by many to the heavy speculations and when bitcoin waned the market panic which partly resulted into the bitcoin winter that affected us in 2018. Now, in 2019, bitcoin started to show its bullish side and this time around it is attributed to FOMO (fear of missing out).
When bitcoin can go beyond the $10,000 psychological barrier, what do you think they will attach it to? I guess the honor will go to aliens (just kidding). Seriously speaking, what can be wrong with these scenarios?
It was one hell of a Bullrun back in 2017, the initial peak high was around $20,000 per Bitcoin and it took altcoins all the way to the moon with it. It was almost too good to be true. Then came the death spiral that lead to a massive panic all around as fear and uncertainty loomed. The bubble popped and the price deflated rapidly. |
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