If bitcoin become legal across the globe that will be the start of the bitcoin mainstreaming and bitcoin will be used as a legal tender. But even with the legalities bitcoin needs to overcome some big issues such as slow confirmation rate, areas without electricity and internet connection, poor people who cannot even buy computer or smartphones. So possibly it bitcoin is legalize the usage of bitcoin will still be limited in urban areas with people who can afford to purchase computer and smartphones. The problem will hit the extreme poor people and the people in far flung areas that has no access to electricity and internet connection.
it makes sense, would be a major problem about internet needs in areas that are not affordable. but I think in the future, all regions will be affordable for the internet. and there will be lots of atm for bitcoin. so they can use or without a card. |
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my mind always asks, if one day bitcoin gets legal regulation, and is recognized all over the world. will fiat currencies continue to work? which country will be saved by the economy? and which countries are negatively affected? Or not effect in country. because in my opinion. when the legality of bitcoin is recognized throughout the world. There will be no currency difference. all values are the same. or will become commodity items such as gold etc. Give me your opinion
I believe that the world might end up using a single, digital currency, but not as soon as in a decade or two. Maybe in 50 or so years, or maybe even longer than that. Is that currency going to be Bitcoin? Maybe, but not likely. If anything, Bitcoin will evolve into a store of value, and something else will become a currency for everyday use. However, to answer your question, I expect that crypto and fiat will coexist for a long time before fiat finally goes extinct. It will have to happen eventually, but the process will be slow. At first, cryptos will be something used by a rare few, even though it will be accepted by most merchants and services. Then, people will start using it more, and in the end, fiat will likely be a back-up currency, most likely existing only in bank accounts and spent via the credit cards. We are becoming more and more cashless with each passing year, and the change is inevitable. All that remains to see is how long it will take. yes guys, i feel it too. every day the use of fiat money began to decrease, and switch to debit and credit cards. Fiat currency changes to the number display on the screen. so the possibility of paper money and coins will be destroyed in some future time. because all systems have entered the internet network. |
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I have never heard of Tradenix. I think, it is not a large volume exchange. so you should not start trading there. try to start trading in large exchanges such as binance, bittrex, huobi, or Kucoin. This exchange is better for you to learn. because it has small fluctuations and all are real.
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i have learn technical analysis and practicing it for many months now i am good at it , but when it comes to day trading stocks move as market moves if markets go up stocks go up and if market falls stocks fall where does technical analysis , how to do day trading
my question is about stocks not crypto
it's easy, but a little difficult. I mean it's easy to make a daily target with a minimum profit. but difficult to do it. take profit of 5% to 10% is good for daily trading. and do not trade with high profit targets. don't use emotions, and stay calm in execution. But, why are you asking about stock trading here? |
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don't be surprised guys, how coinsbit and p2pb2b get visitors quickly in large numbers .. both of these exchanges make a large amount of airdrops per user (though that is impossible) around 5000 coinsbit (CNB) worth 500 $ in the first airdrop with a claim price of 0.1 $ and 2000 CNB in the second airdrop. and they have a user ID verification from their airdop. if for trade. bot can increase the amount of volume in 24 hours. that's a fraudulent exchange. but you are good, have reminded the users here. be careful to register on a scammer exchange like this.
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this is the real benefit of the blockchain. make all transactions and history transparently. many ICOs fail because they do not meet the legality of the law. especially about protecting investor rights. so that ICO fraud is always broken. Blockchain transparency has actually been recognized by many countries. because it has great benefits. in the future.
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my mind always asks, if one day bitcoin gets legal regulation, and is recognized all over the world. will fiat currencies continue to work? which country will be saved by the economy? and which countries are negatively affected? Or not effect in country. because in my opinion. when the legality of bitcoin is recognized throughout the world. There will be no currency difference. all values are the same. or will become commodity items such as gold etc. Give me your opinion
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yeep, you are right guys .. we are heading to a situation like you said every day the price of an item is increasing, while the value of fiat currency is getting destroyed. when that happens, we won't be able to survive. except currency transfers in precious metals or cryptocurrencies. it will save us.
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I am the same as you. but I am more active trading on several exchanges. especially large exchanges. I believe everything works. and if Bitcoin goes up 2x or more. I still believe that everything will remain active. and can be used to withdraw my funds. especially exchanges in my country. it has been recognized by the state.
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From my last post about Bitcoin investment, following the valuable contributions of members of the forum, I learnt that Bitcoin investment is not just something that blossoms in a few days, rather it takes patience.
That gave rise to my new topic.
Bitcoin isn't just an investment, but it is the future...
Let's all share our thoughts about this, in order to encourage ourselves and build a stronger community of users.
yeep, bitcoin is not just an investment, but a technology of the future, which will help us in our daily activities. maybe currently only used for finance. but in the future, I think bitcoin will be used for bookkeeping, storing medical records, files and state documents. and telephone calls. and all the world of technology. see when this has been made a smartphone with a OS blockchain. |
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nothing strange, because he wanted to gain popularity over the popularity of bitcoin throughout the world. hard drive problem is gone, that's just a stupid excuse. except in being able to prove the cryptography and codes that satoshi arranged to become bitcoin. I think it will make the developers a little trust. his actions only want to influence bitcoin in the international world. but failed.
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i don't know what on earth would trigger the bullrun in the alts. i think we have seen enough of this bloodbath there is about 8 month left in the bitcoin next block halving and still market condition is not improving. is there will be any improvement in the alts or they all will die
learned from the pump 2 years ago. because bitcoin pumps after halving. altcoin movements follow bitcoin when it's stable. when bitcoin pumps or dumps. then altoin will dump. but if bitcoin is stable above. then altcoin will pump. waiting for Bitcoin to pump and stabilize, then altcoin pump. |
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Have you read how early Bitcoin has value? it is to buy pizza. and without exchange. so I think bitcoin will continue even without an exchange. but it is impossible, because this is the internet era. and bitcoin runs on the internet network. so that many developers make opportunities in exchange. and made easier. bitcoin is still valuable
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satoshi didn't creat blockchain, because blockchain was created 17 years before Bitcoin was born. and with name Time-stamp. time-stamp was created in 1991 by Stuart Haber and W. Scott Stornetta. but not adopted en masse. because it has a common problem of byzantium. and in 2008 satoshi solved this problem with alternative solutions. namely through proof-of-work created by Satoshi, then Bitcoin was born as a verification tool on the blockchain. so make no mistake. satoshi is not creator of the blockchain. but only perfecting time-stamps (now blockchain) that have common problems and solve them with bitcoin.
blockchain is NOT timstamp timestamp is just one subfeature of blockchain. as you very well point out. the main top feature of blockchain is the solution to the byzantine generals problem satoshi even referenced that time stamp was PART of blockchain... but that does not man timestamp was fully solely a blockchain whats next say that google invented bitcoin because bitcoin used googles datastorage structure. what the best description would be is that many different features which alone failed th security model that blockchains have, were patchworked together elegantly by satoshi seeing the big picture and it was the combined culmination of it all that made blockchain a masterpiece. EG a car was not invented 1000 years ago because some cave dweller made a wheel. instead some genius put a wheel, an engine and some seats together in such a unique way that it changed the whole concept of transportation. so I hope it's not wrong if I make a statement that "satoshi perfects the time-stamp" and becomes a blockchain. because in my opinion the time-stamp is a part of the blockchain that is delayed and then continued and perfected by satoshi. (refine if my explanation is wrong) |
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Don't know what your beef is OP but satoshi never claimed to create blockchain, and all the information you already shared is known by all. As you say, and as is pointed out in the first page of the bitcoin whitepaper, he solves the double-spend problem with a trustless mechanism (as you say, the byzantium general problem).
So what else is new?
nothing new guys .. this is just a simple explanation for someone who is looking for who is the creator of the blockchain and bitcoin, maybe my post is not detailed so it's hard to understand. but in essence is satoshi continuing the delayed blockchain and giving birth to bitcoin as a solution to the problem. |
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I appreciate your willingness to bring kmowledge regarding the matter. Blockchain is indeed not an original idea of Satoshi. However, I think you should revise the title of the thread. It's like you are telling the people that Blockchain did not create Satoshi, which is in many ways wrong since Satoshi is human and technology cannot create a human. Kidding aside, I hope this would clarify beliefs of newcomers here that Blockchain and bitcoin are the same, and that they had the same creator, which is false.
thanks friend, I have changed the title. that was my mistake in writing the title. I just want to bring others to learn a little about the history of blockchain and bitcoin. because I believe. with this little summary those who read can be more understand. and if I write in length. it will not attract their attention. |
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thank you for the reference friend. here I just convey simply about a little bit of the history of bitcoin and blockchain. yeah maybe my title is wrong. but my intention is to bring the reader to the part where the background of bitcoin hasn't been created and until the advent of bitcoin. so they are interested in learning a little bit of bitcoin history.  |
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satoshi didn't creat blockchain, because blockchain was created 17 years before Bitcoin was born. and with name Time-stamp. time-stamp was created in 1991 by Stuart Haber and W. Scott Stornetta. but not adopted en masse. because it has a common problem of byzantium. and in 2008 satoshi solved this problem with alternative solutions. namely through proof-of-work created by Satoshi, then Bitcoin was born as a verification tool on the blockchain. so make no mistake. satoshi is not creator of the blockchain. but only perfecting time-stamps (now blockchain) that have common problems and solve them with bitcoin.
Mind if you edit the title?because surely Satoshi wasn’t created by blockchain lol 🤪
Well your claim is interesting to read but you should give us those proof and links about the names mentioned above. But in any way either Satoshi created blockchain or not then what must be a problem?blockchain is in the market now and the person you are referring dos have no claims at all,after more than 10 years you will open this topic,for what?any reason behind this mate? this is just for knowledge guys. that actually Satoshi just continued. I hope with this simple understanding, when other people ask about who is behind the blockchain and bitcoin. then this can be answered simply. and this is the link that I referred to https://www.publish0x.com/everything-cryptocurrency2/satoshi-did-not-invent-blockchain-xlqndn |
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bitcoin without altcoin is fine. and I think prices will be higher. because traders focus on just one coin. and not divided like this time. I think too much altcoin is just messing up cryptocurrencies because scammers are becoming more numerous. and make investors trapped and afraid of investing in crypto.
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