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501
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Bitcoin / Bitcoin Discussion / Re: If Satoshi reveals himself, what would be of Bitcoin?
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on: December 08, 2016, 03:27:47 PM
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I have heared some rumors that Satoshi would own about one million bitcoins.
If he revealed himself, he might also want fo finally cash out his coins.
That additional million on the market could really give bitcoin a hit from where it would take time to recover again.
Hopefully he's not planing such a thing...
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502
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Economy / Economics / Re: Passive Income
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on: December 08, 2016, 03:21:46 PM
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For me passive ways of earning are mostly scams. Even if you can get your roi in a few months. It feels better if you earn through hard work and not just sitting back and depending on your passive incomes. Passive investments don't last for a long time. If passive income means owning a store, you would still need to manage that store in order for your income to continue.
Yeah that's right. I do not believe in passive income. However, if you have a huge capital, I think there are still some way to have passive income. In my opinion, building your own mining system is still profitable if you know how to maintain it and handle the electricity. Besides, new coin ( such as Etherium) is very potential so that if you can mine them, in the future, perhaps you can be rich It always depends on how the definition of passive income is. If you think of it as an investment, where you do not have to do anything at all, then it's hard to achieve. In that case you really need a lot of money first. From what I have read on the internet the most common definition is that passive income is requiring an investment of work, time and some cash. Personally I find it hard to built up something like that, because before everything else you need an idea of how you want to create that income. |
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503
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Bitcoin / Bitcoin Discussion / Re: What do you think are the biggest disadvantages of Bitcoin?
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on: December 08, 2016, 03:02:20 PM
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The bigest disadvantage for me is still the public opinion that goes along with bitcoin.
The reports about bitcoin in the main media are mostly in a negative content, and so is the awareness of crypto in the mind of most people.
If that awareness could be pushed from negative to neutral, it would be a great achievement for the future of bitcoin and all other crypto currencies!
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504
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Economy / Economics / Re: Why are Venezuelan not switching to Bitcoin?
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on: December 06, 2016, 04:29:47 PM
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Two arguments here stand out. How on earth can people abandon fiat for bitcoin when:
1. Blockchain simply cannot handle the extra 20 million transacts that will come daily (very conservative estimate). Should people wait 2 or 3 days to ensure they aren't victims of double spends?
2. Should electricy and internet get disrupted (a lot for more than half its population) are people going to simply pause trade and commerce?
Good points here. I'd added that still many people in this planet don't know what Bitcoin is. One can't ask people in Venezuelan all switch to use Bitcoin when significant percentage of people there knows nothing about Bitcoin. Agree not all in venezuelan people know what is bitcoin or we cant say that they are really advance on technology so that they are capable on using bitcoin or converting to bitcoin. We should always think about technology in their country before talking about bitcoins. People in Venezuela get screwd by their government every day. That brings them to a general distrust against a lot of things. What you can usually read about bitcoin in mainstream meadia is often not positive. And when their first impression about bitcoin through the media was negative, I think there is distrust against bitcoin as well widely spread and will be hard to overcome. |
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505
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Economy / Micro Earnings / Re: My 1st FaucetSystem.com Faucet: Bitcoin Game Faucet
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on: December 06, 2016, 03:59:19 PM
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I can say that the faucet works and that i got 200 Satoshis on my FaucetSystem account. Thanks for those.
For that I had to slove two captchas at first, and then three antibots.
Especially the antibots take way too much time since they are really difficult. I actually had to use my brain to find a pattern there.
Besides, it would be nice to find the link to the faucet here directly, without taking the detour to another board.
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506
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Economy / Speculation / Re: is it time to start seriously talking about a $5000 BTC
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on: December 05, 2016, 07:48:08 AM
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I think $ 5,000 is still very far away and it was too soon to talk about it. I think although bitcoin prices continue to rise in 3 years will not be able to reach $ 5000, it still takes a long time. Bitcoin prices could go down at any time and it is fair because bitcoin fluctuate. So it is still a long way to think about it. Maybe it's better now to enjoy price increases  I don't think as well that bitcoin price will reach such a level in 3 years. Maybe in 10, but that's pure speculation and I do not see that it makes much sense to invest too much time with a fantasy. Especially since none of us is able to influence it. Bitcoin simply can't be predicted that far. |
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507
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Economy / Web Wallets / Re: Blockchain wallet will allow credit and debit card funding
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on: December 04, 2016, 04:10:10 PM
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I don't think that this news is too bad.
From all I understand it's a partnership between coinify and blockchain.info, at least for the moment.
I suppose that the coins are still bought with coinify but then immediatelly transferred to the blockchain.info wallet.
As long as I am not forced to combine my wallet with a credit card I'm fine with that.
It is also mentioned that coinify is just the first of multiple partners to be announced over the coming months.
So there is coming more like this in the future.
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508
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Economy / Economics / Re: Why do you buy Bitcoins?
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on: December 04, 2016, 03:54:25 PM
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I buy my bitcoins when I want to make a payment with bitcoins.
That's mostly the case when I want to buy a subscription online.
And the rest of my bitcoins after the putrchase go into my savings account for bitcoins.
Who knows, maybe one day it will be worth a small fortune...
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509
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Economy / Speculation / Re: Will we start new year in $800+ or remain in $700+
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on: December 04, 2016, 03:43:35 PM
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I think it's possible that bitcoin will reach $800+ in the near future, but I don't think it will be able to hold it.
There went really a lot of money from altcoins into bitcoins the last few weeks.
At some point traders will see the altcoin price as low enough to reinvest.
And then I suppose we will see bitcoin bounce back to around 700$.
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510
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Bitcoin / Bitcoin Discussion / Re: Does any bank accept Bitcoin?
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on: December 04, 2016, 03:35:09 PM
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I don't think either that a regular bank will ever accept bitcoins.
And somehow I can't see much reason for them to do so.
A bank would have to make profit somehow.
Just storing bitcoins is not profitable for them because it's not their coins they store.
They would have to collect a fee for storing bitcoins, and who would want to pay that fee when there are so many wallets for free?
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511
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Economy / Economics / Re: why is it so hard to buy bitcoin
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on: December 04, 2016, 02:55:36 PM
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Bitcoin is a lot easier to earn than buying it. It just however need hard work but it can be bought on localbitcoins.com. You'd have to do meetups to actually own some of it. But i still don't recommend because you still reveal Identity to someone.
Right being identified is quite hard to deal with. People might scam or use you in their bad transactions. There is really a need to know who are the people that can be trusted especially in trading plus the time to convince each other and the language too. It is easier to earn it via investing, gambling or signature campaign than trading. To me it's easier to simply buy them. There are many exchanges or other sites where you can do that legally. Of course, there is some verification process you have to go through. But after that you are free to do with your bitcoins whatever you want. And if somebody wishes to have anonymous bitcoins, he can always use a mixer to achieve tha goal. |
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512
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Bitcoin / Bitcoin Discussion / Re: What would happen if BTC was Banned?
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on: December 04, 2016, 02:44:43 PM
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I doubt bitcoin can be banned, it would be really hard to control it or stop anyone from using it. I like comparing it to encryption, if the government decides to ban encryption one day, I and many other people will continue to use it, because it's hard to stop but easy to do.
Sure you can ban exchanges, so that nobody can buy or sell it easily. But you'd still be able to buy and sell it face to face without problems.
I don't think as well that a ban of bitcoin would be possible. If one country would decide to declare mining & posessing bitcoin to be illegal, the miners would move to another country and the owners would not tell they had bitcoins. The exchanges on the other hand would be easier to handle for the authorities. A government could decide that exchanges could not be called up anymore in a country. Then bitcoin would not be banned, but it would be much harder to come by in a certain region of the world. I'm sure, some smart people would see this as an opportunity to earn money. |
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513
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Bitcoin / Bitcoin Discussion / Re: Bitcoin ATM
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on: December 01, 2016, 07:17:35 PM
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As far as I know there are only two in my country.
I have never seen one of them because they are too far away.
And from all I have read here, I'm relatively sure I will never use one.
The fees just seem to be too high.
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515
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Economy / Economics / Re: possible government regulations?
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on: November 30, 2016, 07:14:41 PM
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The governament can try regulate bitcoin use, but this is impossible to turn effective.
If people just hide your main wallet and take care to spend your money, this can be easy.
But you really need take care to not get busted. It may not be very effective, but it would largely depend on what exactly they are going to do and to what degree they are going to regulate Bitcoin. If they regulate it in such a way that would be bordering on directly banning Bitcoin, I don't think that they will have a positive effect on it even if the regulations themselves won't be effective. But that's what matters in the end, the effect itself. I can imagine that some of the small user might be impressed if a government proclaims bitcoin to be banned in its country. Those small users will surely decide to give up working with bitcoin. The question is if that would be enough to really hit bitcoin. Professionals, traders and businesses will surly find a way to bypass that regulations. |
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516
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Bitcoin / Bitcoin Discussion / Re: Has Bitcoin Failed to Deliver ?
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on: November 30, 2016, 07:02:26 PM
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I don't know that bitcoin promised anything.
People had hopes regarding bitcoin. Some of these hopes were fulfilled, other not.
But I'm not aware that promises came from bitcoin creators.
Personally I'm satisfied the way bitcoin has developed.
Currently we are entering the phase of mass adoption, I don't think that could be taken for granted 7 years ago.
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517
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Bitcoin / Bitcoin Discussion / Re: Can Bitcoin battle against multinational companies
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on: November 30, 2016, 10:02:14 AM
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We know that the distribution of hashing power is highly unbalanced. If the big giants like Intel, Google, nVidia, IBM all collude together to mine Bitcoins will they out power the rest of the Bitcoin community?
Theoretically yes. It's the many billions from these companies versus the tens of millions from the mining farms. I say theoretically because at this point there is no point in doing so as it won't gain them much in the way that they are making money from it. If this was 2009-2011 the story would be different of course, but right now it will end up costing them more than they would gain from it. Or they must not care about the money they throw into it as their only purpose is to destruct or take over everything, but we don't have to worry about this. Motives for these companies are profits and not to destruct a certain industry. These companies have much higher priorities to focus on than looking at something as tiny as Bitcoin. I think it would be easier for those companies if they invented a crypto currency of their own. With the large number of people they could reach and the technological skills they have, I think it would be not too difficult for the to create a currency ready for mass adoption in a relatively short time. I'm not sure for how long bitcoin would be able to keep the crown as the worlds number one crypto currency then. |
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518
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Economy / Micro Earnings / Re: Coin24h.net - New Faucet Earn 100-200 Satoshi Every 10 Minutes
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on: November 30, 2016, 09:57:08 AM
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Just made a test with this faucet.
There is one captcha that has to be solved, and three antibots.
A registration is not needed, and the payment goes directly to epay.
I got 100 sat and I will have to wat 10 minutes for the next claim.
I have noticed that it takes relatively long until the site is loaded.
Thank you for the satoshis.
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519
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Economy / Speculation / Re: The adoption boom is coming
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on: November 30, 2016, 09:51:16 AM
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It's been coming for the last 7 years. It will continue coming for the next 70 years. It won't affect the price much. The only thing that can move the price is not the adoption, it's China.
of course the price will be affect as the people wants their investment in bitcoin give them a profit. but yes, maybe china give the back up for bitcoin and we can see that for now the adoption is really coming and its happen in many country beside some of country will not give any statement. The more bitcoin is adopted, the more people will use it as a payment method. So the demand climbs, while the supply stays more or less constant. So I think that adaption will increase bitcoin price. China is still the country with the biggest population. If a lot of them would decide to become a member of the bitcoin community this would have a big impacte on the price. If you look at it that way, China has a big influence on bitcoin price. |
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520
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Economy / Economics / Re: You should never trust banks
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on: November 30, 2016, 09:32:22 AM
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In my country there are two kinds of banks.
Private ones and public ones. The private banks can close an account if they want to. They don't even have to give you a reason for closing an account.
The public ones can't do that. They are connected to the state and have to open an account for everybody.
Of course, this account at a public bank is not for free...
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