this is another great news, i think, for bitcoin. this is another sign that bitcoin will be used in the future as a real currency. for me it is a nice move of the state of georgia. maybe in the next month other states will follow georgia and accepting bitcoin too to pay taxes.
Agreed. Government acceptance of crypto definitely adds to its legitimacy. The amendment is sure to be beneficial for Georgia by making it more attractive to cryptocurrency investors/entrepreneurs. As blockchain technology becomes more widespread, having legislation ready to deal with it will be more important. |
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Over the years, I've spent some time trying to come up with an answer to this question. Many argue that Bitcoin is a dinosaur and its position as the foremost coin is bound to be claimed by a more advanced crypto, but something people seem to forget about is that Bitcoin's code can be updated. Not easily, mind you (if the recent block size debate is any indication), but it can be done. The Bitcoin protocol is actually capable of supporting (basic) smart contracts ( https://bitcoinmagazine.com/articles/yes-bitcoin-can-do-smart-contracts-and-particl-demonstrates-how/), which I think is good enough for now. I guess we'll just have to see what the future has in store for Bitcoin. Put simply, my philosophy is that BTC is and always will be the king - until it isn't. |
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There is no answer to this. And even if someone had a crystal ball and could see the next big profit coin, they wouldn't tell you. Mining for big profit is dead until the next coin comes around. Don't forget, Ethereum has been in development for years and only just became profitable in the last eight months. For the next year or two or more, you'll just be scraping pennies from the crypto floor.
Actually, it's been profitable for longer than that because the difficulty used to be much lower. When I started mining Ethereum in March of 2016 (16 months ago), I was making ~$7 per day with two R9 290x cards and a few months later, I was making ~$10 a day for a little while. Now I mine it with four R9 290x cards and I make ~$7 per day. |
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Been mining zencash for a couple days now, and when you mine you really see how unreliable this coin already is. The main wallets, and terrible and freeze. Why would people want to come to a coin with little support and doesnt have a good working wallet. I have lost over 10+ coins in the last few days trying to mine and use Eleos wallet. First it wouldnt sync, then now it just stays at Activating best chain. just cut me out of trying to hold Zen coins for a while and mine Zen. Plus the price just wont recover or stay somewhat viable.
It sucks to hear that you've had so many issues with the Eleos wallet. I've been using the experimental Zencash swing wallet for the past few days and I haven't had any issues. Here's a link to it: https://github.com/vaklinov/zencash-swing-wallet-ui/blob/master/docs/Release_0.70.3.md |
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For as long as Bitcoin has existed, it has always been a possibility. Some like to think Satoshi purposefully threw away the keys to his multiple wallets because he knew how risky keeping that much btc was. Personally, I believe that he still has access to the wallets and hasn't touched them for three main reasons. Firstly, he knows that people would notice if he sold his bitcoins, which has the potential to destroy faith in the whole project. Secondly, he's aware of the fact that selling so many bitcoins would most definitely disrupt the market. Thirdly, as the visionary behind blockchains, he has an unshakable faith in Bitcoin and is certain it will succeed in the long term.
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You shouldn't buy a coin because of how many sats it is because on its own, it's a completely arbitrary number. It's like buying a coin based on its supply. What you should be looking at is the coin's market capitalization, which takes both price and supply into account. There's a reason why coinmarketcap.com orders coins based on their market cap by default. You'll miss out on a ton of great coins if all you look at is how many sats they are.
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The internet connection dropping isn't much of an issue, miners will reconnect to the pool right after the internet is back up.
I can confirm this. Miners will keep trying to reach the pool as long as the mining software is still open. My internet cuts out occasionally, but the miner will keep trying to reconnect until the internet comes back. |
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It's a pretty strange development indeed. My biggest concern is that only 1 trillion of the 10 trillion tokens that will exist are being sold during the ICO (source: https://steemit.com/etheruem/@nole/kin-a-crypto-by-kik). Gnosis sold 30% of its total supply and people were wary of investing in it, so seeing how much they manage to raise is going to be interesting. |
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If I were you, I'd pick coins that seem to have a solid vision and a clear, long-term goal. Be careful about blindly investing in new coins and keep in mind that we're in an extremely bullish market right now that won't last forever. Many of the coins that have been pumped recently have been pumped as a result of speculation regarding their future use cases. That's fine if you're in this for the short term, but if you plan on investing into something that is likely to consistently grow in value, be careful when you pick coins to invest in. Good luck.
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This looks like an important project that has the potential to get people in traditional finance involved in crypto thanks to its promise of lower volatility. I think when most investors in stocks, bonds, etc. see that a coin has lost/gained 30% of its value in a day, they get scared off. This could help alleviate the worries of those investors, which will bring more money into crypto and help crypto's reputation in the financial world. I'll definitely keep an eye on this. It's got a lot of potential.
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Agreed.  The limitations they put on your account for anything they deem "suspicious" are brutal. There's a serious need for competition in the space of online transactions that I think bitcoin can fill given enough time. |
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At the expense of safety, I agree with you, but that relates to the preservation of the values, here I have a question. Gold is valued for thousands of years ago and is now valued. I am sure that this will continue. And what will be with bitcoin?
It remains to be seen whether bitcoin will be adopted as a mainstream currency, however banks are gearing up to implement the technology behind it (blockchain) as we speak: https://www.bloomberg.com/news/articles/2016-12-21/who-owns-blockchain-goldman-bofa-amass-patents-for-coming-warsIt's in the best interest of banks to implement the technology, not necessarily the currency. Blockchain could save banks $20 billion per year: http://www.coindesk.com/santander-blockchain-tech-can-save-banks-20-billion-a-year/It'd be a huge disappointment to investors, but the possibility of bitcoin not taking over finance in the way that we think is very real. I guess it all comes down to the consumer; if they get on board with Bitcoin (which would probably require greater price stability), there's no question bitcoin will be much bigger than it is now. |
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I think the main consideration when you're deciding between bitcoin in gold and looking for a place to store wealth is security. This is where bitcoin shines. It can be stored on flash drives, so concealing it is easier. Also, using offline wallets can render theft impossible (unless someone had physical access to the hardware). The technology behind it is constantly being developed, so there's a chance that in a few years, the original methods developed by Nakamoto could improve with the work of pioneering companies.
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So today this happened: https://twitter.com/bchesky/status/813408027445489665Airbnb CEO overwhelmed by demand for Bitcoin in Airbnb. @bchesky Payment via bitcoin. Would fit nicely with the @Airbnb mission, IMO. "Belong anywhere"... via the currency of anywhere. @sthenc @bchesky @Airbnb I'd be more interested in getting paid out in bitcoin. I don't want fiat. @mikehogan_ @bchesky @Airbnb Both would be ideal. Close the loop. 😎 |
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https://www.reddit.com/r/Bitcoin/comments/5ghnpe/possibly_more_important_than_the_trend_for_buy/FreelancingXBTfreelancer Cryptogrind Bitlancerr Coinality Bitgigs /r/jobs4bitcoins Rein Project Market PlacesOpenBazaar Purse.io Bitify /r/bitmarket 21 Market Video StreamingWatchmybit Streamium.io OTika.tv XOtika.tv NSFW TasksBitasker BitforTip WillPayCoin File/Image SharingSupload.com SatoshiBox JoyStream AdvertisingCoinAd A-ads Coinzilla.io Also, check /r/BitcoinGames for ideas on earning bitcoin and blockchain game assets.
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