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BTC has no role to play in the real world affairs. People who try to create such a role are confused between asset and currency. The design itself only considers pure virtual activity with no touch with real world. People also mistake the buzz words such as "peer-to-peer", "border-less", "decentralised" etc as the problems to be solved. But sadly these are not real problems. The insignificant problems (speed and fees) are hardly enough to sell and these problems are going away anyway. I have no respect to Nakamoto because he ignored the most important element (govt and authorities) in social situation and still want to sell it as some solution to social situations. Hardly any country has regulatory framework that deals with btc.
The problems are rooted in the philosophy of crypto, not in the code. So, the beauty of blockchain tech is irrelevant for btc. It is like selling a bad app by showing how great Android is.
1) Bitcoin does not provide controlled visibility, because it doesn't recognise the existence of governments. Now if you make changes to provide visibility to authorities, ALL privacy is gone. If you don't, then ALL visibility is gone.
2) Fees are rooted in the design. Whatever consensus you invent for a public blockchain, you can't escape rewarding the work of validating transactions. So zero fees are not possible.
Public blockchains sacrifice all good qualities of a business application for the sake of trust-less environment which is not even actually a problem to solve in many contexts. Also they make it extremely costly to run small amount of code or small storage. Who wants their business code to be validated by all arbitrary people in the world?
Most ICOs are sharing economy concepts similar to uber model. Lack of a responsible intermediary and costs will make these "innovations" to fail, if they ever have to touch real-world activities.
Bulk of the blockchain activity will move to business collaborations which might not even look like a blockchain. Crypto coins will be used in most business blockchains, but these coins will be value-less tokens and very specific to the business or institutional activity.
You have been thinking too much about it and in the negative direction I don't like this, It has no role in the real world, but its influence on the real world is so great that investors are interested in. No one investor wants to invest in something that does not affect the reality. Lets settle on a truce , I dont trust that bitcoin has no part in reality since when individuals realizes that bitcoin has a rising value they progress toward becoming pulled in utilizing it as theyre wellspring of wage and not just that, they additionally utilized it for gaining more benefits and its like a win-win to everybody. |
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You have a substantial point, more clients and financial specialists are two of contributing variables in expanding bitcoin cost. Be that as it may, your wrong on this, that most have quit working and just concentrate on bitcoins. That is hazardous, all that I know who put resources into bitcoin still go to work in full time, they simply have the capacity to multi entrusted.
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A bank won't close the record of contributor if theres no substantial reasons. I heard additionally here in my nation, an individual record of a specific standard client has been solidify the record. The bank reason they had seen a fraudster in that record and theyre questioning of a man believability to have a vast entirety of cash. Since they found a continous stores aggregate expansive of cash.
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By looking at how bitcoin, I dont think it will lose its value. Because among any other crypto and digital currency bitcoin is reigning. But I believe that everything has an end. It may not be as soon as we know but there's always a limit. So now, enjoy every second you have in bitcoin. Do not think about the future, what matters is today.
Lol do you think fiat will have an end? If so then bitcoin is the next generation of money , If it all happened i don't think even bitcoin value lost , It could be worth more than fiat today , bitcoin is the future of money , Once people can accept the whole thing about bitcoin , this scenario will really realized. I didn't think it will happen even in the future, fiat will remain in this world as long as the government still find it useful for the people. The new currency which is the crypto currency are here with a threat as well and the reason why the government are very strict to it is because they want to protect the interest of the people using it and to prevent money laundering and proper taxing of transactions. Don't generally realize what might occur with bitcoin later on yet until further notice I trust it's at most astounding pinnacle and isn't going to drop down to like 5-6 years. That will be crazy on the off chance that it truly happens yet I don't perceive any purposes behind that to happen. Bitcoin has just completed improvements which were important to push it to the present circumstance. Bitcoin will now continue developing from here onwards with little drops. I have watched bitcoin goes up to most astounding pinnacle and afterward get balanced out to that point truly. |
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For me as I would like to think, individuals spare bitcoin in their wallet for them to spare their cash in the meantime they pick up benefits on putting or putting away their cash into wallet. Since really I, myself, truly do a similar path because of I trust that the cost of bitcoin will develop more than what we have now and without a doubt everybody that stores their cash accept on that same way.
As should be obvious the individuals who store coin in 2014 is without a doubt a millionare at this point. That is the manner by which justified, despite all the trouble to store.
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As the age of cryptocurrency comes into full force, it will facilitate a subversively viable taxation avoidance strategy for many of the technically savvy users of peer-to-peer payment systems. In doing so, cryptocurrency use will act to erode the tax revenue base of national jurisdictions, and ultimately, reposition taxation as a voluntary, pay-for-performance function. In this post, I cover some of the benefits such a strategy will have for cryptocurrency investors, why our notion of taxation is ripe for disruption, and why cryptocurrency taxation is enabled by default. Read The Full ArticleBitcoin had created to decentralized and different from any currency of a country. Yes, sending bitcoin is not restricted by state border and people can avoid taxes by doing it when every remittance require high fees but not for bitcoin. People could invest in bitcoin and avoid taxes, that's why IRS forced coinbase to hand over the identities of customers who made transactions through the company over three years in US. They want their taxes for sure, soon another state will follow this step, hopefully not in mine. i think it will be more easy for the states to recognize bitcoin as legal currency, and then put tax on it, hopeful that people will happily pay their tax on bitcoin, because mostly people are loyal to their country and they want their states prosperous therefore if government will recognize bitcoin as legal currency then surely people will happily pay their tax on the income that come from bitcoin. As quoted if bitcoin is legalised people will pay tax giving value to it. At the same if its legalised it will come under a central authority which is not good for the growth of bitcoin. For this reason people could pay taxes even before legalised based upon the transactions made or based upon the profiting. Truly. On the off chance that we just utilized bitcoin as our exchange and not transform it to fiat then we don't have to pay impose. Still there are numerous potential outcomes for government to track and put charge for a bitcoin client. On the off chance that they discover bitcoin is being changed over into fiat and they will apply assess there. This will be a similar case for bitcoin platinum cards as well. |
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I would really like it if more and more people started to use bitcoin as you don't need to carry it around like regular cash, but it does mean that you need to be more tech savvy than most and teaching the older generations is going to be a tough one.
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Usually the best thing to do is to look for a job that can provide a good source of income, but in emergency situations, there are other possibilities like selling things you do not need or asking for help from someone you trust.
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Depends on what you want to do with it. For trading I would suggest checking the top 10 coins in https://coinmarketcap.com/. Look for the ones trading in high volume for the last 24 hrs. For long investment hold, you can't go wrong with bitcoin and ETH. ICO's use ETH and bitcoin... is bitcoin.  Litecoin is a very good choice. Asians are investing in it. I have buyed some coins. Im waiting now to that litecoin will double his amount. I would then sell all my coins. After that Im going to invest in btc and then do the same. |
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Why choose bitcoin ? Bitcoin is the safest money online. No one can take your bitcoins away and even the government can't take them. Its all yours to spend and to earn.
I choose bitcoin to make money out of it. Like by investing in it.
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My bitcoin dream is here.Bitcoin will rise up $10k.Because i am gain more profits.
Yes that would be amazing, because then i will gain so much money from bitcoin. After that i would invest when bitcoin is low. If it rises again i would sell everything one more again. Thats one way to make money from bitcoin. |
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Yes it would be still popular. Some people needs to hide their money from the government or they don't want to pay taxes, and bitcoin is the alternative for that.
If bitcoin had a stable price it would be just like a bank for me.
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If you are new you can just claim faucets or even completing surveys to earn a bit of bitcoin every day. It is not much so you need to work hard. If you are a invester thats a another thing.
Investers buy and sell it again to make profit. Thats how they earn money from btc.
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I am curious about one thing though myself looking at the blog review stakes I find it a bit odd that the Indonesian bloggers who blog on totally free domains like .blogspot and .wordpress get double the stakes us English bloggers get who blog on our own domain blogs where we buy our own hosting and domains every year. I can't see much quality difference between my blog and theirs, so is it the fact that they blog in a foreign language gets them a higher stake? I am grateful with whatever I get but was just curious to know if they have a privilege even being freebie bloggers because they blog in a different language.  Let me add to that the indonesian market is very tiny. If you look at all these indonesian bloggers, probably 1 guy with many accounts) they take almost half of all the bounty for blogs. That just doesn't make sense. Most of the blogs are poorly translated (just fact check with a local guy and you know enough). So let me make an suggestion. Limit the amount of local languages to max. 10 per language. There is no way that 100 indonesian blogs contribute to this ico. This also helps you to check mainly the main blogs in english (which saves you time) because as stated before a lot of these indonesian blogs, be it on blogspot, medium or other free portals (but also other languages) are translated from other languages... |
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Interesting some Lithuanian guys in an ICO.
Can you guys do an Video presentation?
I would be interested to invest but at the moment it feels odd.
When googling the linkedin page it only shows 3 results. How is that?
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My thoughts are that the worth of the Bitcoin will keep on rising, more than it already is and that we maybe will see it above the 2000$ before the end of this year.
I believe this because the Bitcoin is becoming more popular then ever. The community of the Bitcoin is growing very fast and that's why i think it will be above 2000$.
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Trading is easy and also very easy to do if you look at the current market, you just have to look good at the graphs of these altcoins.
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The best cloudming websites are for me not even relevant anymore because of the fact that these websites are mostly ponzi's..
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I do not rob or steal, so I do not feel ashamed, hopefully you should respect gambler
Even hacker are not finding themselves ashamed for their action of stealing others' money. So, gamblers definitely do not need to feel ashamed for in getting them selves into gambling. Gamblers engage themselves into it with some reasons and definitely will not be disturbing anyone's wealth nor their peace. I agree and I do not feel ashamed its not that I harm people when doing it so why should I feel ashamed... |
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