Second payment received, thanks ATriz and the Pundi team for prompt payment! Best of luck with the project! |
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I think a cryptocurrency could bring some stability into their economy. I'm talking about the poor African countries with weak currencies like Zimbabwe. Currently 1 USD equals 360000 Zimbabwean Dollars. When your local currency is worth less than dust you should consider switching to something that won't disappear with another putsch.
It is not really like Zimbabwe is a country bereft of any form of success and hope. Its one and only problem is their bigoted lifetime president, who is so wise in his foolishness and the people have been so traumatized to stupor. However if Zimbabwe were to be an oil producing country, the U.S. or NATO would have long intervened even if it mean ravaging them like Libya. I often wonder where most of the loathed funds from African countries end up, Looks like I heard someone mention Switzerland, UK, is that right? So African wealth have over the years been used to develop other countries and continents? oh what an odd world!What a shame!
Well and i guess their leader is so obsolete he might probably not have heard about bitcoin. I will rather encourage the youth of such African countries to get open up exchanges and start trading cryptocurrencies locally to help push their economy into the right direction through the foreign exchange they receive through bitcoin.
You're right, most of African rulers are retarded and that can readily be seen in their hefty budgetary allocations for defense compared to the paltry sum earmarked for education. |
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You should check out digipulse.io they are offering inheritance service for your crypto. They don't own any of your private keys, they only provide platform with easy to use interface so you can use smart contracts very easy and store there your private keys. They have option that is called "inactivity period" they track your moves via facebook, twitter etc API, when you are not active for like 3 months, they send information to your relatives then you family can decrypt private keys by repying to the questions that only they will know.
Nice concept in principle but yet to be tried and tested in real life. Hope it can be tested by making oneself the inheritor and using a short inactivity date. A question that comes to mind though and as far as online business is concerned, is how to ensue any digital asset attached here is safe and what guarantees that this company won't play out the Mt. Gox theory? |
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That's good for you and your child, that means you have to teach and introduce bitcoin to your child. But kids usually just want to have fun and a pedestal to learn. There are so many simple ways to introduce somethings to a child, especially when we add colors and pictures without trying to push it too far, too soon. Run your illustrations side by side with doing same task with fiat currency and see them pick up nicely overtime. If you want to keep bitcoin for your child but they do not want to know, you can entrust the bitcoin you keep to your relatives and give it to him to give it to your son someday.
Don't endanger the lives of your children by exposing them to such apparent danger. Instead dedicate a wallet for each child and create clues on how to access them and eventually mention it in your will. It would help if you often carry them along when funds are been deposited into the wallets and even in ways you earn your coins. |
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For me the some disadvantages of BTC is, it easy to use by other people to scam, so when btc use to scam many people will afraid to try bitcoin and many people will not follow bitcoin Do you know of any currency in the whole world that is not or never been used to scam others? In principle, every good invention is susceptible to be abused by never-do-wells, just name it! ... the other disadvantages of bitcoin is the campaign, the campaign in btc was take too long, its about 1month and 3weeks before its end so people who are newbie here is giving up easily.
Everything in life is a process and there is always a starting point - we all started as newbies too. If you can take your eyes off the distance, off the time, off the challenges and instead keep an eye on the goal, then would it happen to you instead in a fraction of the time. Patience is such a virtue you can't forget to bring in on any of life's endeavor or simply watch life pass-by, without color or shine! Bitcoin and cryptocurrency are here to stay, let your worries be to properly equip and develop yourself to the capacity of having them working for you, the rest of life. |
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I hear from many sources that btc is used for trading much more than it is for goods and services; doesn't that make it an asset ??
and is that necessarily a bad thing ?? and what can we do about it as a community ??
It's simply both. Bitcoin is attractive as an asset to hold because of it's scarce nature. Bitcoin is also attractive as a currency because it's borderless, permissionless, and pretty fast and cheap (except when Roger Ver/Bitmain are spamming it). So for some use cases like buying a VPN, bitcoin is the best currency. Could not have been said any better! To add to that, the reason Bitcoin is used less for goods and services is because the technology is still evolving but as its awareness and adoption is fast on the increase, we can be rest assured that Bitcoin's roles as store of value and as a currency would come to the fore. Bitcoin can no longer be ignored by anyone or any institution that have a stake in tomorrow and with more governments coming to the realization, that instead of a ban, legalization would serve them better, the ground would become accommodating for more companies and merchants accepting Bitcoin to spring up. |
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I do not think it's afraid, because banks have strong support from the government. while bitcoin and crypto are illegal currencies that can not be controlled by the government. and banks just in case because the world of crypto is currently popular around the world.
Are you saying those out of sheer ignorance or you're just another troll that found his/her way to this forum? Anyway, It is like Bitcoinvestor pointed out, accepting deposits, remittance, exchange, loan, etc used to be something synonymous with banks only, however Bitcoin have broken that monopoly and anyone can now be a bank. So do you really think the banks are raising their glasses to these developments! They certainly are not, - not after they are used to stealing from people but now that people are becoming the wiser, aside from banks losing money, they're also losing relevance. |
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@Alns, @Victorycoin: The goal of this post is to make "moderate big blockers" think again about their support for Segwit2x. Accusing the BTC1 developers of "greed" or other "bad intentions" isn't helpful for this goal.
Based on purely rational arguments, the health of Bitcoin could be compromised if there is a long struggle between both forks, and more so if the Core devs leave the boat.
You vision seems somehow blurred D5000, those guys only care to covert the BTC brand and have been working hard at it and the only way to make that obvious is by unmasking their treacherous plans for all to see. You moderate big blockers have to at least know the truth and reach their own well informed decisions. It's the future of Bitcoin and cryptocurrency that's being subtly negotiated and am afraid gentle manly approach or being civil is a sell out and water on the back of a dock at most! 100% in agreement with Mindrust's suggestion that you step out of you closet quite often to see what's going on in the neighborhood, that's how your closet can ever remain safe. Also whenever you happen to dine with the devil, be sure to use a very long spoon, because they're ever unrelenting and uncompromising in their pursuits. Here, you may want to read this again without bias: https://bitcointalk.org/index.php?topic=2328044.0 |
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It is giving more then expected returns and this currency is giving regular positive returns every year. It is giving big challenge to banks as more and more people want to put money here and its growth is exponential and no one meet its returns. It is giving consistent returns and as per my opinion, it can reach upto 10000$ before this year end.
The impressive return and growth is one thing, but more importance, is in its stability and liquidity as we can also find a number of altcoins that are capable of some mouth watering returns overnight, but all gone with the wind in the morning. Am concerned and I think people ought to be celebrating the financial freedom Bitcoin have brought to us and not just the pecuniary returns, because if Bitcoin isn't what it is, same people it freed us from their financial chains and fetters, would have succeeded in circumventing it and placed more financial burden on us and it's not like they've made no attempts. |
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When Bitcoin goes up in price and becomes too expensive for many peoplpe thats when those people start to invest in alt coins.
I think it is rather when there's something that possess a threat to Bitcoin that you find people turning to altcoins for safety other than that, Bitcoin remains the best buy. Since Bitcoin is the unit of exchange for altcoins, a stronger Bitcoin usually translates to weaker altcoins, because it would then require much more of an altcoin to get its previous equivalent in Bitcoin. |
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LOL, don't kill yourself, man! The life is so beautiful!  . If you have invested in some bad altcoins, now you should sell them immediately and buy BTC or others good coins. Don't worry. Try your best every day, you will not be disappointed!  We cannot become good traders or good at anything we find to do, until the understanding that it takes peaks and bottoms for any market/endeavor to make a headway and things won't always work as planned or expected, but our ability to manage failures, lost, disappointments, etc makes all the difference. We need the right knowledge and skills an open eyes and mind to see the next turn and act accordingly. Life is whatever we make of it, take responsibility! Right now the market is looking forward to Segwit2x hard fork and the supposed free money that goes with that, is going to be weighing much on the market and that is the exact reason Bitcoin is going to sour much higher before the hard fork. |
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How can Africans benefits from Blockchain technology?
The same way as everyone else, it is a large continent and some need to focus on other things rather than Bitcoin. You are right, some of African countries need to concentrate on tackling hunger and poverty, but come to think of it, the blockchain technology can equally play some roles even in those sphere, so it's not like reinvention of the flywheel is necessary to put them to use. For a start the blockchain technology can be used to conduct credible elections to usher in the right candidates and do away with the vicious cycle of corrupt and nothing-new-to-offer politicians. That done, I believe every other things will start falling into place, because African main problem is its corrupt, all knowing and self righteous rulers. |
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For me, it isn't. We have different talent and knowledge on how we give and do stuff that we love. Bitcoins are for everyone and we have the chance to try or even have this to earn and save money for our future.
How about you guys? Is it only for the educated and knowledgeable people only?
It is not only for educated and knowledgeable people but rather it is for everyone who is interested to learn about bitcoin. And also it is for the people who believe in bitcoin, If you believe in it, you are willing to learn , it doesn't require you to be a degree holder. You're right a degree is not necessary to use Bitcoin, but having one can be added advantage for anyone that plans to go deep, because it's actually a knowledge based field and even a mere user is expected to have some basic knowledge on Bitcoin to be able to use it effectively. |
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Depends what you want gold is probably more reliable in terms of keeping it's value at the moment whilst Bitcoin has potential to double or even triple it's value.
So which would you say is better, one retains its value or one that could double it in the same time frame? Since the essence of every investment is to maximize profit, it follows that buying Bitcoin is a better investment and also you shall not be needing to spend on extra security and gadgets, bullion vans, vaults, etc. If you have Bitcoin, it is accessible wherever you may be but certainly not so with gold. |
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But the Segwit2x supporters have made three big mistakes (if their intention was really to become "the Bitcoin"): - they created or at least tolerated the creation of Bitcoin Cash
- they set a very close hard fork date, without even trying to negotiate a later date with the Core team (2018/19) when more features of the hardfork wishlist could have been included.
- they didn't specify the "Bitcoin symbol" question. Most non-NYA exchanges will use BTC for the 1MB original chain, and NYA-supporting Coinbase using "BTC" for the 1MB chain is a big setback because it was the biggest "fish" in the NYA pool. So: Most users will see Segwit2x as an altcoin on exchanges, and they will treat it that way.
1. BCH and SegWit2x have strange relations, since BCH was created by Bitmain which also support SegWit2x. This shows that there's no unity or strong political beliefs in SegWit2x camp - they are simply guided by greed. 2. They did it on purpose to be as contentious and disruptive as possible, it's all about trying to force Core to submit to their demands instead of having their own vision. It's not a secret that eventually Core will start preparing for their own block size increase, but only when they will feel like the network is ready - they don't want to risk security for some short term gain in capacity. So, SegWit2x people want to actually control Core or replace it, simply increasing blocksize is not their main goal. 3. There would be a huge legal shitstorm if a company like Coinbase tried to name SegWit2x coin as "BTC". They are not completely suicidal. I quite agree with everything you said in 1 and 2 above, greed and plans to seize the BTC brand was the main motive behind the idea to split Bitcoin and we can be sure that they would, like black mailers keep asking for more or coming up with things intentionally meant to derail Bitcoin, but disappointment is and will always remain their lot! As for Coinbase trying to name Segwit2x coin as BTC, I guess they had to think again and came up with this: https://blog.coinbase.com/timeline-and-support-bitcoin-segwit2x-and-bitcoin-gold-eda72525efd |
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It is up to them if they are going to make their own digital coin or if they will just stick with their fiat currency. If the banks will create their new digital coin then it is automatically supported by the government and if the government will become strict about their digital coin then they will force the people to dump their bitcoin and fully use their own digital coin. So it is always up to the government in my opinion.
How exactly would bitcoiners be forced to dump Bitcoin knowing what decentralization is really all about and that p2p transactions is ever possible? One of the reasons the adoption of Bitcoin have been on the increase, is because people have tested and seen the difference a decentralized money can bring to the table and I doubt anyone would be willing to go back to Egypt! |
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Yes i believe of it that one day that all people in the world have give cashless society by applying cryptocurrency market in the world. I think world can changes in that way.
A cashless society is not really about cryptocurrencies, real money is also a part of that, only it gets digitized and the idea have been there even before Bitcoin, the first cryptocurrency came on board. As for the day all societies in the world would go cashless, I guess, it is not yet in the horizon, because there're a large number of issues that needs to be addressed before than can stand a chance. |
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Well its not late, i suggest you to buy it now because the another fork is coming and maybe it can destroy the price. If the price decrease the number of buyer may also increase because they know after the fork the price will increase more. Its a Win Win situation for everyone. Those who already have bitcoins are already in profit and those who will buy now will surely be in profit in future.
If the fork that is coming is capable of destroying the price, would it be a wise investment decision to buy now at probably a higher rate or to wait and seize the chance the dip would create? While price might not seem to be an issue with Bitcoin, but minimizing risk ought to be paramount in every investment, because of that possibility that things might not turn up like in a straight line. |
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Shit coins always pump and dump. There may be a reason but they don't need one. Here's three anyways:
Could be 2x fork drama.
Could be recent hash spike.
Could be p&d group.
I see it as a combination of your first and last reasons. After all the noise about BCH taking BTC to the cleaners, which is never going to happen anyway, this could yet be a latest move to draw attention to the coin, but since there are no fundamental news or development to back the sudden rally up, it must be a pump and dump scheming to take advantage of gullible traders. |
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Hello Bitman, can you accelerate this transaction, I had placed it with reasonable fee, but the adm of the site batched it with a higher amount without contribution even 1 satoshi to the fee!
b484e315bc7b3074d0ecd56d62fa685e673aca706157361b947839505275ffae
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