Taxes, like death, are inevitable. When they go up, people complain. Txn fees are a form of tax on BTC that goes to the miners. No-one wants to pay them but they have to.
Right now tx fees aren't that big and, unlike taxes, which are established by the government aren't established by anyone, it depends on average amount of money people are paying during certain period, miners don't create tx fees manually. |
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I think Bitcoin is helpful to the economy because it helps the people, may they be employed or unemployed. It helps the people to be productive especially on their vacant times or when they are not working. Bitcoin is getting a lot if attention in many countriesnow because it really helps the people.
As for today Bitcoin and other cryptos don't have any noticeable impact on the economy. It is just the way for transferring money, you can't even purchase something with it in most countries. As for trading, mining, investing and other Bitcoin-related works - that goes for people, who already have money. |
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as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.
so do you all think bitcoin can be centralized ? can be do ?
I think that banks one day will not have much choice and they'll have to accept cryptos, because it will be very profitable. And as for me, jumps in prices will be a bigger problem they'd have to deal with, than usage of cryptos by terrorists, or for the purposes of money laundering. Everyone keep talking about that, like money tracing is the only way criminals can get caught. |
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Hey guys! i need some new strategies my bank: 0.5 share yours  Dice is the game of a chance, there's no strategy that can 100% work, unless you hack the website. For me, the most important thing while playing dice - is not changing the strategy during the game, that can increase the probability of losing, just choose one and play it till the end. |
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The Ministry of Finance of Germany signed the Decree on recognition of bitcoin legal tender. The document specifies that purchases made for cryptocoins, are not taxed!What do you think about it?
That's an important step towards worldwide legislation, if no taxes are implemented this means that Bitcoin is finally considered to be a currency, not a property, but this is definitely going to affect Germany economic system, I wonder how they'll regulate cycle of money then. |
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Technically speaking, is it possible to have one wallet for all cryptocurrencies?
It is such a big pain that we have to use o many wallets if we want to trade many altcoins.
No, at least I haven't heard of any. I don't think that storing all your cryptocurrencies in one wallet is a good idea. Then, if you lose your password or get hacked - you lose everything, if you have different wallets the risk of such event is way lower. |
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I am curious about bitcoin, because until today bitcoin still exist. even its value, makes bitcoin become crypto king. what is the secret behind bitcoin success ?and if spreading of bitcoin can be stopped, who is the most benefited and disadvantaged ?
There's no kind of secret. The idea of anonymity and low transaction fees allured people, then the price increased, then big investors became interested, which increased the popularity -> high demand -> increased price again. There are other cool cryptos out there, but newbies don't want to risk so they invest in most popular coin with very serious people standing behind it. Also mining BTC requieres a lot of hash power, so it's not easy minable, which reduces the risk of 51% attack. |
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Global cryptocurrency investors are showing their enormous interest on bitcoin due to bitcoins upcoming bright future. 2017 was a great year for bitcoin.Bitcoin reveals its power to the global economy.worldwide investors are funding their assets to bitcoin now.i think bitcoin will set a new benchmark on 2018.Rival merchant organizations are feel free to invest and work with bitcoin now.its just a matter of time when bitcoin will rule the global economy.
I agree with you here about cryptocurrencies as such, not only Bitcoin. Its all cryptos that govs are banning or implementing taxations, or figuring the ways to control them. I think ETH and, lately, LTC have strong chance to acquire worldwide popularity. |
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Looks like Austria joins the pool of countries that plan to regulate cryptocurrencies and ICOs, based on existing rules for the trading of gold and derivatives. Read more here: Austria Eyes Bitcoin Rules Based on Gold, DerivativesHow do you think can we consider this as another positive step to legalize crypto in EU? It seems like a positive step towards legislation, not banning, but finding out the ways to control it. And, maybe BTC won't be as anonymous then, but it's ok for most people, who don't use it for terroristic and money money laundering processes. I also like the idea about ICO control, if it works - finally the amount of scam ICOs will be reduced and worthy ICOs won't lack funding. |
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Username: just_Alice
Rank: Hero member
Current Post count: 1455
BTC Address: 1F2pdAU5ozqadh1Qwro4cCHp47AEnrWFZJ
wear signature: yes
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A'right here's another question :
Question : What is the Difference Between a Blockchain and a Database?
This is yet another easy question but again people don't know about this. I am looking for some main points, basic explanation is not what I am looking for!
In database everyone sends information into an intermediary, that has a single version of a truth, which helps to avoid disagreement between different parties while communicating through a centralized database. Blockchain has another way to solve the data coordination problem and make sure disagreements won't occur, as it is decentralized and there are multiple parties that share a single truth and none of those parties may be considered as central - the consensus has to be reached. So the individual transactions are put into blocks, and the chain of those blocks must ensure consensus. |
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Today i realised i am in huge huge trouble due to gambling...i just kept loosing amount in gambling quickly...decided many times to leave gambling but never happened....today i counted that i have lost almost 10 bitcoins in gambling in last 1-2 years and the amount i loose is going to keep on increasing... i just tried to do every thing but nothing is quiet working...what ever i earn i dont know what to do with them and in some time i loose them again... i am realising i am in big trouble,already in huge loss what to do...  We are all addicts in some ways, for someone it's drugs, for others gambling, trading, investing, buying something. The thing is, when something really excites you - you become addictive, even physically to bioactive compounds that release while you receive pleasure. So if you're not okay with spending that much money on gambling just find something else that might excite you that much, so you could just switch over to it. |
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For reliability .. I’ll always prefer Coinbase
I like Coinbase, as it is trusted and verified, and, there is Litecoin, apart from BTC and ETH. Also, the process of purchasing cryptocurrencies is real simple. The only advantage of Gemini is lower fees, but it has daily limits which is really annoying. So if you're purchasing a heavy money and don't care much about fees Coinbase would be the best option. |
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Thank you for the reference. But still I don't understand, right in this case the man says he has SENT his Bitcoins, like the TX passed. So what is your opinion on this situation, he got his money back, because the TX hasn't been processed, but just didn't mention it, or he has sent money to an incorrect, but valid address (even though the probability of such occurrence is 1 to 4.3 billion)? Thanks in advance. If something has a probability od 1 to 4.3 billion than it is the same as saying it will not happen. It is like they say they will punish ONE random person in the whole world and it just so happens it is you. Impossible, isn't it? You would not be particularly worried, would you? So having established we are speaking about impossibility, there is no point of discussing it any further. But there are people, who state that they've sent their Bitcoins to a mistyped address, like in the situation described in the link above. If the checksum would have worked, as I get it, the TX wouldn't even exist, nothing would be sent anywhere. The only time I ever sent Bitcoin to an incorrect address was because of an error on my part with copying and pasting the wrong address. It's not because I mistyped a few characters. And those people who have stated that? They're idiots, just like me. I'm willing to bet they copied and pasted the wrong address, too. And I'm also willing to bet that they didn't sit there and type out someone's address in the address field. Either way, if an address is mistyped but it's a valid address, yeah... you're screwed. But again. Very rare. It's definitely not 1 in 4.3 billion  but you still have a better shot at winning the lottery. Thanks for sharing the information. So, there is only one and very rare situation when your money can be sent to an incorrect valid address, but 0 probability that the checksum algorithm failed and BTC was sent to..like nowhere? |
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Thank you for the reference. But still I don't understand, right in this case the man says he has SENT his Bitcoins, like the TX passed. So what is your opinion on this situation, he got his money back, because the TX hasn't been processed, but just didn't mention it, or he has sent money to an incorrect, but valid address (even though the probability of such occurrence is 1 to 4.3 billion)? Thanks in advance. If something has a probability od 1 to 4.3 billion than it is the same as saying it will not happen. It is like they say they will punish ONE random person in the whole world and it just so happens it is you. Impossible, isn't it? You would not be particularly worried, would you? So having established we are speaking about impossibility, there is no point of discussing it any further. But there are people, who state that they've sent their Bitcoins to a mistyped address, like in the situation described in the link above. If the checksum would have worked, as I get it, the TX wouldn't even exist, nothing would be sent anywhere. |
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Thank you for the reference. But still I don't understand, right in this case the man says he has SENT his Bitcoins, like the TX passed. So what is your opinion on this situation, he got his money back, because the TX hasn't been processed, but just didn't mention it, or he has sent money to an incorrect, but valid address (even though the probability of such occurrence is 1 to 4.3 billion)? Thanks in advance. |
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My question is plain and simple, if one is sending BTC to a particular address and mistype just one or two characters the money won't be sent to just another address (34 characters given in a random gradation - the probability is negligible). So where do those Bitcoins go? Just disappear somehow, or still exist, but fall out of cycle of money. Or they won't be even sent due to Base58Check functions? Can someone professional please expound how this works?
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When there is an ICO, can the company running the ICO take and use the funds once the soft cap is reached or do they need to wait to the ICO is over?
If you mean "take and use" to meet own needs, isn't that how fraudulent ICOs work sometimes? If the fund-raising operatives aren't regulated by any financial authorities, like SEC, for instance, whoever is running the company and has access to the funds is free to steal. If you mean if the team is able to start developing a project before raising a hard cap - depends on a project, but mostly, yes, once the soft cap is reached the company can start working on the emission. |
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Just wanted to know where you guys think we are. Are we still in the early adoption stage?
At what stage of the dot com era would you put us at? Dial up lol?
I think we are just in the middle of the adoptoin process. A couple of years ago when BTC was less than $1000 that was an initial stage, now that the govs are considering the cryptocurrencies question, some are banning, some are implementing taxes. Whenever Bitcoin will be legalized and everyone will be able to purchase stuff with cryptos then we can count it as an adoption stage. |
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