Latest posts of: krishna1

no i do not agree with this i belive if banks came into bitcoin then it will slow down the whole system even more + it will ruin the privacy related stuff indirectly. banks have some rules which are not sutable with btc anyway

somebody loves chocolate somebody loves the candy (ofcourse the drugs used in them effects their mind) but non of them ever say they want to work in a chocolate factory but bitcoiners do like bitcoins and they love it that much that they got heavily addicted with it

i see there are many stats about who do really use bitxoin or which country uses it most pople have done many servay on these too but i do not think these type of informations are seen by many people i just know only tech lovers will use bitcoin afterall its a technology itself

no dought that bitcoin has the potentiality but now i have re thinking my words and i observed that people at this generation cared only the existence and bitcoin is lot more powerful than jist exestence so i now 99% belive that yes it can make banks disapper and yes the news also agreed

yes bitcoin is a profitable and yet good think to learn i from my personal experiance says that bitcoin is just a way to start exploring the business world. when you understand bitcoin then all you have to do is explore the other places where bitcoin can be implement like getting the btc price in your site and lot more

no its not possible or i can say if someone tried to havk then he needs a super computer nd it will take him around 3.5year to crack 1private key and i dont even kniw that if someone really done that then also will that address will have the balance or not :p

being a good investor means avoid the shortcuts and start yhe hard works and take responsibilties in your hands insted of blaming others or the system. its uour money so you have to protect it.take your time and reseach about companys about how they have oayed and what is ohers are talking about that company and if others are saying good then see how much they have negetive points and is it safe.

real money is just an agrement by which government pays us a value in exchange we can get facilitys in our country these agrements do not have any ownership so anybody can have these and exchabge these but in the bitcoin system these are not agrements anymore its an digital system which transact some fixed digital money between people over the world

bitcoin is already an international currency actully more of it it is a internet's/vertual currency which is lot more powerful yhat some game score or bank account balance bitcoin is being used in lot of countrys and if some prople think it is not a currency but a pithole then let them dream

probably i think the question should be like is chain the reason to keeping the bitcoin network alive. well i know that chaina has the biggest mining firm in maybe all over the world ans sure they are doing huge profits but by this thing they are also effection a lot of transactions to get confirmed and pass

Quote from: imposter69 on November 03, 2016, 03:09:28 PM

i cant imagine how bitcoin bankrupt Grin

can someone explain i still confused

do not worry its not gonna happen at the current state or you can say its just an imaginable thought till now. you are newbie and you should probably visit servic section of this board and the beggener section they will help you better in learning

Quote from: DannyHamilton on November 02, 2016, 07:14:07 PM

Quote from: krishna1 on November 02, 2016, 06:42:09 PM

sorry but you arenot getting my point i just want to know as i am curious about the results i dont care if reaching that state is hard or impossible

So you don't care if a thing is impossible, you just want to know what are the results if the impossible thing happens?

I don't think you understand what the word "impossible" means.

actully the word "impossible" is very unpridictable and very very complex specially on these type of situations. i am sure early mens have not thought about our modern citys and cup of coffes but still it happened with the passing time.so a scnerio which is impossible today can ever happen in the future because future is unpredictable and i am just curious that what can be the possible results or actions people will take on that time.

division is something which is being cr3ated by the humans as because everyone has their own choises and it is not complesory to choose only bitcoin there aremany more like it and it depend on us to use which one.now if their is only one curremcy in the whole world then i yhink everyone has to think and demand like same which is quite impossible

Quote from: bitbunnny on November 02, 2016, 06:12:59 PM

This is not possible, how could Bitcoin go bankrupt? Bitcoin is not a bank, company or individual to go bankrupt, it's not controled by any institution. You don't have to be afraid of that.
Maybe the exchanger where you keep your coins, if you do, can bankrupt but this is totaly different story.

sorry but you arenot getting my point i just want to know as i am curious about the results i dont care if reaching that state is hard or impossible

Quote from: Ayers on November 02, 2016, 05:58:11 PM

what you mean exactly? people can't simply dump all their bitcoin and move away, because they bought those bitcoin at a certain level, which is the price you see right now on the market, with dollars, you don't buy it first and then you dump, so i think the comparison is wrong

i know people are not fool enough to do this type of action but just imagin that every bitcoiner just withdrawled their money i mean everyoneincluding you and me too.what will happen if btc has no ones money in it?

if no one spends bitcoin then i think it will start increase the price in rapid speed but i am 100% sure it will be forever safe in the wallet and as we know every bitcoin wallet has the highest level of security

i think bitcoin is today at $700 and altcoins had an very important part on this. i have personally tested the deference in bitcoin and altcoin by trading both of them for a month and i ofcource got faster profits in altcoins but more stability in bitcoin

i was just thinking about what will happen if everyone from my country just goes to the bank and withdrawls their money from it i am sure banks will be shutdown with this inncident but what will this effect on bitcoin if something like this happens to it?if it does then how kuch will it effect on the complete network.

i am using the bankrupt word as lossing all the balance and is not related with a bank.

Quote from: bitmarket.io on October 31, 2016, 06:46:44 PM

I have a transaction that's pending and taking forever to clear. I tells me that the estimated confirmation time is within 6 blocks. What does that mean? In hours. Also is it possible to speed it up or am I locked in and must wait?

I sent some coins from Bitcoin Core and paid their suggested transaction fee. So next time I should bump up the fee by a few more satoshies to speed it up? Is there a chart that tells us how much more to bump it up to have it confirmed within X time?

Thanks for the info and help!

first of all 6 block confirmation means the time taken by miners to solve 6 network blocks each consisting with 10k-20k transaction so after verifying those transactions including you, all those transactions will get 1 confirmation including yours and this process will repet 6 times

i do trust bitcoin and i have already invested my 90% money as because i am still a student so basically i am earning all from bitcoin and i am self dependent. its good that i am able to make a lot from a big zero and today not only me but peoples around me are inspired by me and it does feels greate i really trust bitcoin

ofcourse it is. bitcoin is the new way of seeing and using the technology in our life. it not only ease our life but changes the way of transacting the money between two person or organisation i am pritty sure this can actully change the economists concepts about negeyive effects of money on technologys