I believe that it will have a positive impact because if bitcoin is going to be banned by the government, it will be all over the news and people are going to talk about it. In the attempt of taking down bitcoins, they instead would end up making it more popular and popularity/hype is what we need to make bitcoin go mainstream.

Bitcoin was made so people wouldn't have to be so controlled by the government. Even with the regulation, bitcoin will be still usable by the people because there is no way that the government can sensor everything about bitcoin. Even if they do, there will be ways to bypass ISP censorship through a VPN. This might be reason why other governments haven't banned bitcoin yet. It's pointless.

I'm assuming this campaign is dead/inactive since the manager hasn't went back online since last week.

There's literally no way for us to filter out the transactions going on in bitcoins. People can send to whatever address they want, whenever they want, and no matter how much they want without having someone ask them what it's for. It's not going to deplete at all. Any currency will always be used for illegal transactions. In our case, though, people of the Internet are hyping the idea of bitcoin being used for illegal transaction for niche purposes. It will be so boring if the writer of the article plainly said the truth that bitcoin is not as associated with illegal transactions as much as fiat money is.

Truly, I don't know how you got sad and hurt by the fact that bitcoin is used for drugs and illegal things. You should be really depressed right now if you are so concerned about that because a lot of people are doing drugs right now, a lot of people are hiring a hit man to kill another person, etc. All these things are happening while you are perfectly safe with your life and you can never do anything to change that.

But without the necessary things (i.e. Internet, smartphone) these kids will not learn how to use it so.. Some things are still needed to be provided by the parents for them to learn techy stuffs.

It got me wondering, how did your kid even get $100. Like, I didn't even get that amount of money until I got into teenage stage. Kids are sooo impatient and I don't think that exchanging their money into bitcoins is a good idea. They might end up panic selling or plainly get bored and choose to sell for a lower amount. Kids want to buy all sorts of things and they want it right away. If you give them $100 today, probably it's already spent tomorrow.

Nowadays it's truly not necessary for adults to teach kids how to use the computer or the smartphone. On the other hand, they should be guided on the type of things that they should be browsing. You don't want your kid to become a porn addict or something just because he stumbled upon some advertisement about it. While I do agree that kids knows how to do this and that, I don't think kids know how to code their own program.

Who carries a million dollar in the streets anyway? It's one of the reasons why people have created a bank account and have that bank account connected to a database so people can just pay with the card alone. People only carry a couple of dollars with them just so they can pay for basic things like food, and coffee. I think that cards are a lot better way of payment and way of transacting as well. First, cryptocurrencies, regardless of which coin, still takes some time to send and receive the money. On the other hand, bank transactions take zero amount of time to get confirmed. Just swipe your card, enter the PIN, and then that's it. There's no need for the cashier to wait for the transaction to get confirmed at all.

Sending money through bitcoins can be fun because you only have to scan the QR code and then enter the amount of money you're sending. But, it might be quite hard if you don't live in a place where there's a signal reception everywhere. It's quite hard to get some reception when you're in the mall because it's an enclosed building.

A lot of things in this world has to be stopped because it is negatively affecting a lot of people but do they stop just because we said it should be stopped? Not at all. First, the pollution from the large factories in China. Look up how polluted China is right now and you'd say "This should be stopped." once more but once again it will not stop just because you said so. Even with some actions it will not going to stop because it's a lot bigger than you are. There is no possible way for this type of transactions to be stopped because some of the mafias have a connection in the government. Some would say that they are above the law and I do agree with that. Money is everything to people and the government can simply be bribed by these rich mafias, I see no reason why would they reject that offer specially when no one would ever know.

Do you realize the fact that there's not much syndicates that gets busted? I guess it's because they are the government themselves.

That is called diversification and I totally recommend doing it. Right now I'm going all in with bitcoin just because the price seems to go higher in the foreseeable future. It's a bold and risky move but I'm just going to do it. Anyway, diversifying your money will be a lot better than just going all in on something or just plainly saving your money. Invest in things like land property, livestock, etc. depending on what are the available stuffs in your country. Computer rental is really a thing in my country so I can do that but in my area it's not really that much of a thing because most people are too broke to rent a computer and probably don't know how to use one. I can't go out and teach them one by one just so they can rent my computers, that's too much investment in terms of effort.

You should establish a business that will be able to support the daily needs of your family so even when you can't cash out bitcoins, you know your family will not starve.

I think that's the old way of making money. Today, even with a good degree you are not going to have a well paying job. The only way for you to have a huge salary is to be a pioneer at a blooming company, but if you're just starting out, you are going to actually lose money from working. The reason for this is that there will be a lot of expenses for you that includes food, transportation, etc. and all that unnecessary things like buying StarBucks coffee, a new phone, getting a car loan, getting a loan for a house, etc. You might think that ones you have graduated college, there are lots of door of opportunities waiting for you but guess what, there is none. Go and read articles on the Internet about how much the Millennials are having a hard time with their lives right now even doing their best to earn money.

Our fiat money has a really really low purchasing power and it has no chance of increasing. Inflation is going on ever since and it's time to switch for something that is subject to deflation instead and that's bitcoin.

If people really are using bitcoin because it has a higher price than their local currency, then the major part of the whole world should be using USD or Dinar right now since the two have the most value. I don't see our country changing our currency because dollars have a lot more value than our money. I also don't see stores accepting foreign currencies.

People as an individual are going to grow financially with bitcoins. But does that improve the economy of the country at all? I think that a country's economy are improving by having more products exported to countries or having to collect more taxes from people. With bitcoin, we are not paying taxes at all. Maybe if you're feeling a little generous you are going to pay for the tax even though you don't really have to. On the other hand, if people are going to be rich as an individual, they might still be able to help improve the economy by consuming something because when you buy something, you are actually paying the tax. So once you're rich and you're going to build a house, all of the things you just purchased have their 12% price go to the country's money.

I'm sure that there are some that made signature campaign as their part time job but I'm quite sure that faucets aren't in the scene. The reason for this is because faucets barely give out money and seriously just one post for a signature campaign has an equivalent of claiming from faucets thousands of times. Bitcoin is helping mainly the people in third world country because the payrate is a lot better than the regular salary of a person who has a degree or even a masteral.

Let's say that we distribute $10,000 equivalent of bitcoin to each and every 7 billion people of Earth, money will devaluate since everyone has that base amount. Those that have nothing but the base amount will be considered as poor and probably still not be able to buy that much. In just a couple of weeks, all these people that are not educated in saving money (because it's their first time to have money or for whatever reason) will end up being broke once again. World poverty is just never going to end at all. Some people are broke not because things are hard for them. Some people are broke because they do not have the discipline to not spend money on things that they don't need or not an investment.

Bitcoin acts a lot like money and just like money, bitcoin can teach kids how to save but it can also teach kids how to recklessly spend their money. There are different ways in earning bitcoins. Of course there will be kids in the future that have parents invested in bitcoin long ago and just give them bitcoins. It will be the new world's silver spoon. If they have made the bitcoin like that, by just having it given to them without really earning the coins, then they are just going to spend it recklessly. The only chance for them to save money is if it's naturally in their genes but more often than not, they are going to just spend it since they didn't do anything to have it. Another thing, if they have the assurance that there will be some bitcoins sent to them again in the future, then surely they are not going to save it.

I do believe that it's scarcity of resource (in this case, money) that leads a kid to learning how to save. I lived a childhood without any money at all and now that I'm making some money, then I guess that's what made me save up all these money for future purposes and investments.

Obviously you assumed that every person is uneducated and have finished high school. What if the person asking this question has already finished college and already have a job? We all know that regular day jobs don't pay enough so even after working for 8 hours in one job, most people still look for other ways to earn money such as having a side job, or buying and selling things. Some offer services to other people, some look at the Internet for clients, etc. The day doesn't end at going home from work. Once you have a family, you have more mouth to feed and then eventually the kids would go to school. There will be urgent expenses. The kids would want things. A lot of things are going to happen in your life. If you live alone and you don't support anyone, then 9-5 job is alright but you are not going to stay like that forever.

Honestly, I don't even trust diplomas anymore. There are people that have better paying jobs than those that have diplomas. Nowadays it's a matter of competition on how skilled you are rather than relying on a piece of paper called "diploma".

I don't think Satoshi will dump all of the one million coins at once. If he did, people will be rejoicing since it will pump bitcoin down so hard that late comers will be able to buy at a really low price. I see no reason as to why would he do that though. His mission was to create financial freedom for the masses and he did great with that. I do think that Satoshi will instead dump his bitcoins little by little (e.g. 1BTC a day sell) and then just carry on with his life living as a bitcoin millionaire. Satoshi probably have more than 1 million bitcoins since he is one of the first ones to be here, might as well be the first one to mine bitcoin and there was no bitcoin halving yet at that point so the mining rewards are a lot more than as of today.



So basically it's a case to case basis. If you have no idea about day trading, you'd be better off without it since doing it will just open a huge chance of you losing your bitcoin. It will be a lot better if you just hold your bitcoins instead.

Bitcoin leaves a digital trail. If you want to be truly anonymous, use black bytes by byteball. I do believe that if criminals are actually using bitcoin, the price will be wayyyy higher. This price is nothing compared to how much money is being transacted by mafias everyday. Sometimes real life is even more anonymous because you can meetup somewhere off the grid and you will not be traced by any CCTV. In movies, in order for them to have zero trail at all, they kill the people that knows about them or have a slight idea on what they are doing. In bitcoin, once you have sent money to an address, it will forever be in the public ledger. Anonymous or not?

I can't stress this enough but I do think that there's only a really small amount of criminals that are using bitcoin for their shady activities. First, if you have millions of dollars, are you going to put it in something that you are not really sure of the price? Are you going to put it to something which price goes up and down every single day. I think that people are exaggerated by the idea of deep web but that's just my opinion. I'm no deep web or bitcoin expert.

I'm quite sure that the government can only put a tax on exchangers that are owned by them or those that have a partnership with them. Having exchangers forced to pay tax will cause the rise of another little era on the Internet where literally everything is totally anonymous. Like an anonymous exchange site where you can buy/sell without having to put account details (like etherdelta) and online wallets that just send out money to you anonymously. One of the huge reasons why we are here is because we don't want the government having all the power even including the ones that should belong to the community itself.

Bitcoin might replace fiat at some point but it will not be in our life time. There are videos in Youtube where they try to pay in stores using bitcoin and all they get is rejected. Funny because it's too early to do that and then some say that because the stores aren't accepting bitcoin, then it's not legit. It's not that people or countries don't support bitcoin. It's just we lack users and we haven't gone mainstream just yet.

Read the OP. They only accept members and up. I'm afraid but at the moment there is no campaign that is accepting Newbies. Check out the list of all signature campaigns here and see for yourself. You can join altcoin campaigns, though but the payrate wouldn't be that much. I suggest you wait up until Member rank and use your time in reading more about bitcoin instead.

Bitcoin Talk Name: Fatanut
Bitcoin Talk Profile: https://bitcointalk.org/index.php?action=profile;u=675421
Rank: Hero Member
Post Count (including this post): 2637
BTC Address: 3P5FtB56EL6t7vvcifsdyBGbvtsvkCVVeq

Bitcoin Talk Name: Fatanut
Bitcoin Talk Profile: https://bitcointalk.org/index.php?action=profile;u=675421
Rank: Hero Member
Post Count (including this post): 2635
BTC Address: 3P5FtB56EL6t7vvcifsdyBGbvtsvkCVVeq

I think the topic in here is not necessarily for investments but you are right. In Paypal, your money will always be the same just like in the banks. What you have deposited will always be the same amount of money that you can withdraw in the future but in the future it probably can buy lesser things because of the constant decrease in the purchasing power of fiat money. In bitcoin, there is a possibility that you are going to make some extra money in a couple of days but it's not going to be that much (in your example). In your example, that means that bitcoin has doubled its price and with the current rate, I don't think that it's going to happen in just one day. It takes a lot more money to increase this price.

Paypal and Bitcoin have their differences, advantages and disadvantages. You are still going to be the final judge of what you want to use because it all depends on your needs as a consumer.

Everyone might have a smartphone but that does not mean that they are going to understand bitcoin easily. Bitcoin is a combination of principles of economy and technology. Bitcoin is a little hard to understand at first but of course there are explanations of bitcoin in layman's terms. This way, you can understand bitcoin even without having prior knowledge to it. When I don't know something, I usually just search explanation of it in layman's terms. It makes you understand better because it's using examples and analogies instead of technical words that you are not able to understand.

In the future, bitcoin will become a mainstream thing and people will know about it even if you don't force them to. They are going to learn about it by the time they are ready. No need to separate the youth from the adults, both have brains enough to learn about bitcoin.



Yeah, that's why I search "in layman's terms" instead but sometimes books for dummies are alright. Otherwise they are not going to be so rampant.