As I am living in India and here BTC is still not considered as a trust worthy mode to invest in. In India BTC is still considered as a fraud and even government is demotivating people not to invest into BTC and they even declared that they are not responsible for any loses regarding bitcoin and yes media is playing a negative role because BTC is the future of finance and everyone should invest into BTC, so media should encourage about BTC and should advertise it in proper way. |
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[ https://medium.com/bitcoins-digital-currency/how-to-explain-bitcoin-to-a-7-year-old-a9a8c094feaf] How to Explain Bitcoin to a 7-Year-OldI’ve been explaining how Bitcoins work since 2010. Here is the simplest analogy I’ve discovered that explains transactions, anonymity, and coin production.
There’s a room that anyone can access. The room has security cameras that anyone can view, and every second of recorded footage is available online forever.
The room is filled with indestructible piggy banks made of transparent plastic. Naturally, these piggy banks have coin slots, and everyone can see which coins are in which piggy bank. These piggy banks can never leave the room.
Each person has a key that can open their piggy bank. Let’s say I want to buy a pair of alpaca socks, and you want to sell them.
First, you tell me which piggy bank is yours. Then, I walk into the room with a ski mask on. Anyone in the world can see me on the security cameras, but not my face.
Next, I unlock my piggy bank, take some coins out, then put them into your locked piggy bank. I leave the room.
Now, everyone in the world knows that your piggy bank has coins that were previously in my piggy bank. This is the case with every transaction, so everyone knows the history of every coin.
“So where do the coins come from? How did it start? Who got the first coins?”
There’s a robot in the room that runs lotteries. Every so often, this robot randomly chooses a piggy bank in the room, and puts 50 coins in it. When it first started, there weren’t many piggy banks in the room since nobody knew about it. Back then, it was easy to win the lottery. Today, there are millions of piggy banks in the room, so your odds aren’t very good.
“Ok, couldn’t someone make their own fake coins?”
No, because everyone has records of every coin in the room, and they know when the robot hands new coins out. If a fraud were to put fake coins into his own piggy bank, everyone would know that those coins were never handed out by the robot, and wouldn’t accept them.
“Who made the robot..?”
Supposedly it was a super genius Japanese man named Satoshi Nakamoto, but nobody knows for certain. Since the security camera footage is available from 2009, we can see that the robot was putting coins into a piggy bank since day 1. We assume it’s Satoshi, but that’s about all we know.
“… Crazy.”
From Tony Diepenbrock IV on medium. Or you can also watch this excellent video:bitcoin 101: https://youtu.be/Bhe61JaNFLU[/quote] The best way to learn or teach anyone about bitcoin is to introduce BTC from childhood because it is the future currency and would be used by everyone in the future so everyone should know about the BTC and this could only be possible if BTC would be introduced as a compulsory subject in every school and college because youth are the only future of every country and they are the one who can take BTC to great heights. So I guess this would be the easiest way to teach about BTC. |
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How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
BTC being an asset, is very much popular that it's end is very difficult. Obviously no other cryptocurrency can replace BTC because BTC always tops the list of cryptocurrency and even the valuation of BTC is not that much fluctuating that it could lead to the end of BTC but yes the BTC could face the legality issues because it is still decentralized and there is even risk of its decentralization but still this could not end the BTC because BTC is the future of finance and will never end. |
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Yes of course bitcoin has a very bright future. Bitcoin is more convenient and easy to use and for this many people of different age join bitcoin daily. Many things support it to built an unforgettable future. The blockchain software of bitcoin make it special among other currency. Bitcoin provide its user world first uninterrupted money transaction support in which no third party interferes like bank and other and it also charge low transaction cost these things attract more user toward it. Increase market price also attract investors towards it. In this advanced society everyone wants a safe secure lifestyle and Bitcoin help them to live that kind of lifestyle  . In many institution accepted bitcoin as a fee and in many institutions bitcoin teach as a subject, so these things guide it into a beautiful future.  |
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government is already adapting and working with banks, there are some of them which are using blockchain technology to overcome probably bitcoin
i doubt it will stay there and watch bitcoin sucking its fiat(scam) currency
In many developed countries like japan, usa, their government work with bitcoin and their government start accepting bitcoin as a payment method. In some country bitcoin work with government to solve their unemployment issues and also help to improve their country economic. While some government ban bitcoin due to some criminal activities. Bitcoin doesn't pay tax and due to blockchain software money transaction are not traceable and this thing attract criminal minded people to use bitcoin. So these are the thing which makes its future dark  |
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No govt can ban Bitcoin it is connected tocomputers decentralised nt in one control govt form rules but can't ban completely
No that is not true any government can ban bitcoin in their respective country . Bitcoin is Decentralized means it doesn't under control of single authority but in order to establish in any country bitcoin must need permission of government. Country like china Bangladesh Ecuador and recently Malaysia government ban bitcoin  . Every government give permission to bitcoin according to their country economic. Bitcoin is also use for various criminal activities like anti money laundering and other serious issue so many government ban it. Bitcoin doesn't pay tax which also effects a country economy  |
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According to my economic view Bitcoin has a very bright future. Increasing market price of it boost its popularity. Its innovative transaction method attract more and more people towards it  . And in recent some years and its attract more investors towards it due its increase market price. Many multinational companies like Amazon and international institutions start accepting bitcoin according to their use. These thing secure it future. Many developed country like japan using bitcoin as a payment method and many other countries also think about it. These thing really help bitcoin to built an beautiful future . |
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Their are various easy and difficult method to get bitcoin. If you have enough money to get a bitcoin then you can buy some bitcoin by from different app like coinbase, zebpay etc. If you want to earn bitcoin by doing some work then you should try signature campaign job. In this job you just write post patiently and get paid at regular intervals. Another best way to get some bitcoin is Bitcoin mining. You can also get some bitcoin by using it. Another fast but risky option is the bitcoin gambling and this is mainly depend upon you luck |
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It is the characteristic feature of bitcoin . Bitcoin provide its users a lot of way of income. Bitcoin is the perfect place for those who want take risks in their life. Bitcoin is perfect for investor because its market share is in high rate. Bitcoin truly defined money from money  . Another way is bitcoin mining. In hardware mining at first you have to buy your setup and for this you have to invest and after some time you get more profits from it. Like this many other options are present in bitcoin by using those any one can make money from money. |
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Nothing to fear or worry about the future of bitcoin. All that's happening with bitcoin is positive and till date haven't shown any signs of destruction. If it is towards the end, now the entire technology advancement should have come to an end without new usage implementation.
No this is wrong. Their is a worried condition ahead for bitcoin future. In many country it is still ban and other countries started to ban it. Bitcoin can affects an country economic and has capable of decreasing the value of any country local currency. . Bitcoin is fully digital so it has no physical evidence this thing many old thought people doesn't believe upon it . Its un traceable transaction system make it villain in front of many government. So these thing create worries about bitcoin |
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Yes, it is true that bitcoin ban in some country like china Bangladesh, Ecuador etc. The main reason behind is its Decentralized nature. If any thing wrong happen then no one can blame a particular person . And other reason is bitcoin doesn't pay tax because it is an digital currency. So, this thing affects an country economic by both directly and indirectly. Bitcoin provide an uninterrupted ene to end money transaction in which no third party like banks interfere and it can't be trace due to this many antisocial people and terrorist organisation might be use bitcoin  . And Bitcoin also use for various criminal purpose like kidnapping, murdering etc. So due to those above reason some government ban bitcoin in their respective country . |
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Btctalk name: Dmitry.Vastov
Rank: Hero Member
Current post count: 680
BTC Address: 37Zqx6W5b1Wa4gb75TYNnJjCyNMpxK7dXo
Wear appropriate signature: Yes
Wear avatar: Yes
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What does being smart means? One can be smart and he can act very strategic, but if the luck is not with him and he's not luck, he can't do anything on crypto market. You should be luck first.
And then you should be able to investigate the market opportunities without getting bored.
Being smart means how you handle your bitcoin and knows all tricks how to earn bitcoin in less time :)and acting strategic means how and when your invest money at bitcoin and all your future plans how to take your bitcoin earnings into a whole new level yes, luck affects some time but more then this your strategy and smart moves decide how much you earn through bitcoin . Yes it is true that investment market conditions not stable, but you have some patience in this case. |
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Yes it is an good suggestions and this could also be helpful for middle class parents in this time bitcoin is most popular. its price is also not so high, so any person want to invest their money in bitcoin then this is the right time. And later on they can withdraw their money when its price is higher then their buying rate. Bitcoin can makes any children future bright . It will help them to take admission in a good international college and in many international colleges bitcoin is use as a fee method.Bitcoin also help your child to fulfill their those dream which can be possible by money |
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According to my economic point of view bitcoin has a very bright future . Because in this Morden society everyone wants cashless method of shopping and Bitcoin provide them such opportunity. Due to its price at international market many investors wants connect with bitcoin . Bitcoin is the economic backbone in many middle class family and teenager students life. So these things makes it popular and safe its future . Country like japan using bitcoin as a payment method in their country and many big companies and institutions using bitcoin for their work. So these things boost its popularity into a new secure level |
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This could be yes or not. In many country bitcoin is still ban so in those countries their is no chance of bitcoin to replace their Fiat currency. In many country bitcoin declared as legal but in my opinion it can't replace the fiat money because bitcoin doesn't pay tax and some how effect the country economic too . Although in this time it has highest market value, but its price is highly volatile due to this reason many people doesn't want use it. So this could be a reason that bitcoin not replace Fiat currency  . Bitcoin is not globally accepted and many people still doesn't believe upon virtual money truly. |
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Bitcoin provides various ways to income to its users. But some the easiest way to make more bitcoin is signature campaign. It is an stable method of income. Initially it takes time but later it pay more. Another way is mining, their are two type of mining one is cloud mining and another is hardware mining. But in hardware mining at first you have to invest some money in it but later on it pay more money to you. Some other is gambling it is most risky way but it can gives more profit in no time. If you have enough money then you also buy some btc from different online sites.
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Everyone loves to use virtual money and Bitcoin is best among them. Bitcoin is the world first Decentralized digital currency and doesn't control by any single authority. Bitcoin is globally accepted easily exchangeable with other currency and it also charge low transaction cost. Bitcoin also provide a lot of options to earn. Bitcoin also provide safest transaction in which no third party interfere and untraceable. And when you income money through bitcoin you doesn't have to pay tax. It also provide a lot of options to its users to earn bitcoin. So here's some reason why you should use bitcoin.
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No one can surely say bitcoin has a very bright future. In many country bitcoin is still ban . Many anti social people use bitcoin for their criminal activities. Bitcoin is also associated with anti money laundering like serious issue. And it doesn't pay tax to the government above these reasons puts its future dark  . Where as its Decentralized nature of Bitcoin that means it doesn't under control of single authority and blockchain software makes bitcoin famous. Bitcoin market price increases day by day and it gain many investors trust too so these things makes bitcoin future safe and bright |
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Their is a lot of thing supports this question above. Although their is other CryptoCurrency like Dogcoin, Altcoin, Litecoin etc present but among them bitcoin is the best. People should use bitcoin because it provide the world first uninterrupted money transaction in which no third party interfere. And it aldo changes less transaction fee. In today's economic society bitcoin has higher price then other cryptos and it has a successful 8 years experience. Bitcoin is a Decentralized digital currency which doesn't under control of any single authority and you have your own boss in bitcoin job due to those reason people should use bitcoin |
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