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This is totally true and something we all don't think about enough because we have been talking crypto so much. We do not connect with the outside world enough and this is something we have to do more otherwise we get confused and are not connected with what's really going on in the world and what people really need. That is the most improtant thing.
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Yes SegWit2X is officially cancelled. Besides the top guys saying publicly they signed off on the agreement, just look at all the threads here on the forum haha. There are multiple threads therefore you know this is big news spreading fast. It was just a matter of time before this idea collapsed. I don't know why fools keep thinking because a business man, or a government agent says so, that that's what you should be interested in.
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People scam because there is an opportunity to do so and they have the skills to do so. There are more and more online hackers and with cryptocurrencies it's so easy to scam people that don't know what they are doing. I just heard of someone who lost 10BTC because they gave away their private keys to get some of the new coins. What did you think was going to happen if you freely shared this information online?
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The economic situation in every country is bad. All currencies have to base their value off of the US dollar and the USD is increasingly being seen as money of the past. More and more people are converting their FIAT money into BTC and are enjoying yearly gains from it because the dollar continues to fail as it has to. This is what happens when you create fake debt.
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Bitcoin Talk Name: Kaller Bitcoin Talk Profile: https://bitcointalk.org/index.php?action=profile;u=662280Rank: Hero Member Post Count (including this post): 488 *BTC Address: 14bsJoYDrhh7QSBXaeLhuW145kF4DvZuSX Hey boss, my old campaign only required 50 characters and just ended. If you check my most recent posts, you will see that they are good quality. Please accept on probation and I will prove it. updated post count |
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This is promised with every new token pretty much. However, the fact of the matter remains that these people and/or companies are creating tokens to raise funds for their idea. Thing is their idea is terrible and doesn't provide a solution to everyone on the network, therefore we do not need to use their idea never mind the token. The token is just there for speculation.
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Bitcoin Talk Name: Kaller Bitcoin Talk Profile: https://bitcointalk.org/index.php?action=profile;u=662280Rank: Hero Member Post Count (including this post): 486 BTC Address: 14bsJoYDrhh7QSBXaeLhuW145kF4DvZuSX Hey boss, my old campaign only required 50 characters and just ended. If you check my most recent posts, you will see that they are good quality. Please accept on probation and I will prove it. |
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Governments have shown the five stages of grief while dealing with the reality of Bitcoin taking over everything they know about money. But this has deep roots because centralized money causes you to take certain things for granted and makes you miss the point when looking at Bitcoin. The decentralized aspect is huge and I wonder how many newcomers even understand that part while they're buying looking to get rich.
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Well since the price is extremely bullish right now because people are realizing that nobody can stop it, not even Jamie Dimon, China, forkcoins that are attacks on the Bitcoin network like Bitcoin Cash, Bitcoin Gold, and the upcoming one SegWit2X. Also, because the CME just announced Bitcoin futures trading the price is rising fast right now. I think it'll do it's usual mini-crash before or around the SegWit2X launch so keep an eye out for buying the dip then.
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Negative criticism from famous people? As far as I have seen, most famous people are all for cryptocurrencies.
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The number of Bitcoins permanently lost literally increases every single day, so there is no way to give you a concrete answer.
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No way Bitcoin goes up to $60,000 in just two years, but I would not be surprised if it breaks $20,000 in that timespan.
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The dude trashed Bitcoin to make it crash and then bought in low. How hard is it for people to understand?  |
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The price of Bitcoin is still fluctuating a lot since the market cap, realistically isn't tat high. I mean some people alone are still worth more than Bitcoin.
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What is amazing to me is how much free money Bitcoin holders essentially get just for holding BTC.  |
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Right now the average transaction fee is ~ $3 USD. For any businesses operating in small amounts that want to accept bitcoin, it is not feasible. The 3-5% that a credit card company charges will be much lower per transaction.
Let's say the increases in the blocksize cause fees to go down. Will it ever be able to compete with the credit card companies in terms of number of transactions, time of confirmation, and transaction fees? Surely the architecture at visa or mastercard are more efficiently designed for a large number of transactions, and why would bitcoin ever be able to compete with this? Is it inevitable that bitcoin will not be able to compete in terms of what credit cards can do?
The problem with transaction fees at the moment is not that the network is overly congested. It is coming close, but in reality the real reason is exchanges and companies, and wallet providers are setting their fees too high in order to push transactions through as fast as possible, which then causes lower fee txs to take longer. If everyone would drop their fees accordingly, we would not have this problem. I think it is increasing as the price of bitcoin is increasing. Normally in early days, .001 is not really that high but since the price went up it also means it goes up. For me blaming the price means also like blaming the price increase of bitcoin. I think as a trader, the mind set is if you need money as fast as possible, then pay high rates, but if not then we should go for lower prices. Different as a miner because they make transactions and fees actually is convenient for them. It does not need to be that way, though. Transaction fees don't absolutely have to go up, it is just how Bitcoin happens to be coded. |
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So if we do not download the whole blockchain, or get a paper/or Electrum wallet, (to control private keys) does that mean we lose everything? lose the opportunity for the fork?
SegWit2x is Bitcoin upgrade, so there is no replay protection, the aim is to keep only one chain live, Bitcoin. For non technical user it might become very hard to get both coins on their own even if there really become two live chains, so keeping coins at exchange like coinbase who told they give you both coins in this case is much easier for those users. Really? Coinbase is giving out Segwit 2X coins to their users? That is pretty cool. |
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Bitcoin Core, as far as I know is the group of devs which are responsible for developing Bitcoin (the main one, not the other spinoffs).
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Bitcoin is as secure as your device. If you protect your passwords, and device from viruses, then chances are your Bitcoin will be safe. If not, it is your fault if you lose them, in most cases. It sucks, but this is why we must always be cautious when clicking links and downloading stuff!
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