i find the following part very strange: Last week we released a podcast discussing the ultimate argument for Bitcoin. It exploded & ranked #4 in US investing category
we are talking about bitcoin and we all know although we are so enthusiastic about it, in the world in general people aren't (otherwise price would have been $1 million already). on top of that currently price is not shooting up like last year. if this was from last year for example during the rise from $9k to $20k then it might have made sense to gain that kind of fast popularity but not now that price has been falling then becoming stable. there simply isn't as much enthusiasm about "investing" in bitcoin as it was before. .... with that said i find that kind of increase in ranking strange. maybe they were doing something that broke the Apple ToS which led to removal of their video.
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2. PoS if enabled wont give local guy in his basement hobby miner a chance to earn coin mining a PoS. instead it will be the rich guys with lots of coin, gaining mor coin. and increasing their chances of getting more coin.. without increasing the chains security
The problem is that Bitmain and big companies with their asics already made it difficult for everyone to run his hobby nowadays I prefer asic resistance network although I didn't join any of it yet. But what is ASIC-resistance but another buzzword made by altcoins that want to claim that they are? If any altcoin has become "successful", ASICs will be made for them. Some altcoins that changed their mining algorithm because they "feel" like doing it in the name of "ASIC-resistance" are only prolonging the inevitable. the only way to have an ASIC resistance cryptocurrency is to change the algorithm in short intervals so that you prevent creation of any kind of ASIC machines that can target your algorithm. and that poses a lot of problems because it requires hard forks! and also changing things are never desired specially when it comes to something important like the mining algorithm. i know some altcoins do that though!
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predicting bitcoin at this point is practically impossible specially if you try to come up with a time frame where some major resistances such as $10,000 are going to be broken. it doesn't matter who they are, it simply can not be done.
the only way we can start actually predicting the rises and breakouts is when the rise actually begins. for example we need to first see the rise happen to at least $7.5k with a solid rise not a FOMO shaky rise that doesn't last and then we can speculate based on that when the ATH is going to happen. otherwise this stable price with no rise can last an unpredictable length of time.
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to be honest i find both of the links too random and i am having a hard time trying to understand why you thought these are "big bullish news"! specially since neither of them have anything to do with bitcoin and second one is simply advertising ethereum with a fake news
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your question, in my opinion is the same old question that is being repeated around here every month at least about whether bitcoin is going to replace fiat. and the answer is always going to be no. and because of that the "value of fiat" is never going to drop because of bitcoin's existence and adoption. bitcoin isn't here to "replace" anything or kill anything. bitcoin is here so that people have that needed alternative option for payments that is decentralized and can not be censored.
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in my opinion one of the biggest problems that we are facing is the fact that "cryptocurrencies" are mostly viewed as investments. it is understandable when it comes to 99% of the altcoins since they are created for that purpose alone but that remaining 1% is also being overshadowed by that mentality.
we need to focus on real adoption first and start seeing cryptocurrencies as actual "currencies" so that they can start being used as currencies and "go viral"!
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Crypto’s mining titans have been hot on each other’s heels to compete for the edge in advanced mining hardware;
i wish there was more competition in the mining hardware scene. i feel like there still is a dire need for more companies in other countries that get into ASIC production. last year when price was rising fast i heard a lot of news about many different companies (like in Japan and Russia,...) were getting in. but i never found out what happened to them. did they eventually start their production or did it die there?
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because steemit is a pointless attempt at using blockchain technology which ended up NOT using it at all!
think about it a little, where does steemit.com using blockchain technology? there is a website (domain and host) which has nothing to do with blockchain technology, you sign up which means you are creating an account in their SQL database which again has nothing to do with blockchain technology, then you post which goes into their SQL database like any other platform including facebook,... which again has nothing to do with blockchain technology!
so where does it come in? only when someone wants to pay you because of your post they do it in a centralized way! it is not even using decentralization as in paying directly to your STEEM address! it pays you in their centralized database token (has nothing to do with blockchain technology) then you can withdraw to your address and that is the only time when this technology comes in!
now do you still say it is a success?
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like always the source is not reliable and bitcoin isn't really consuming that much energy. it is just that these days we are seeing another wave of attacks against bitcoin with the same old topic about bitcoin's energy consumption whereas nothing has changed. and all these sites are only repeating the same thing by adding their own drama on top of it.
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the idea has never been to convert to bitcoin to pay for something. the "idea" is that you see bitcoin as a currency and treat it as such. which means it will be the same as fiat. do you "convert" to fiat to purchase something? or do you earn fiat to buy stuff? that should be the same with bitcoin too. you have a job, and a salary and it or part of it is in bitcoin then you use that bitcoin to purchase stuff and the merchant is keeping bitcoin in his wallet the same way he keeps fiat in his wallet/bank account.
that is the goal anyways. now how close we are to that, and what are the challenges we are facing (like volatility) is a different discussion.
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Is the business charge based on wallets? should I pay different type of amount of transaction fee in different wallets ?
no because you are making a transaction on bitcoin network not on that business website! so your fee is determined based on bitcoin network and wallets are all designed in a way to estimate what is the most appropriate amount of fee that you should pay. IMPORTANT: don't confuse "accounts" such as Coinbase account, or your account on exchanges with a bitcoin wallet. they are NOT wallets so they charge a different type of fee based on their business model.
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should i pay the transaction fee for every block ..??
you pay fee for transactions you create and the amount of fee you pay depends firstly on the size of that transaction in bytes not the amount. it has nothing to do with "every block". as for deposit fee, it is not related to bitcoin and the network fee. maybe some services charge you a fee for when you make a deposit in their website but that is up to them.
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i don't know about "shortest way" to adoption but it is one way to do it. you are correct that stability will help with the currency aspect and store of value aspect but we still need actual adoption to happen. people need to see the benefits of using bitcoin instead of fiat so that they start spending bitcoin and merchants to start accepting it as payment. so i think the shortest way and the surest way is to increase awareness and educate people about these benefits. stability means nothing when people don't know what decentralized, high security and privacy, no charge back, global, cheap (as in low fee),... mean.
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If countries issued their own cryptocurrencies and citizens functioned exclusively with its use, do you think this be a good thing for Europe's development?
a country should never try to "print money" more than it should or more than usual just because they want to get out of a bad economical situation. in this case, creating their own cryptocurrency is exactly "printing money" and that is more harmful to economy of that country than it can do any good. specially if it is done in order to bailout!
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The value of Bitcoin continues to fall, for 1 hour it decreases slowly
can you explain to me how you come up with that statement? 24 hours later and all we had in the past 2 days was a sharp but very tiny drop from $6400 to $6200 which was not "slow" and was not a "continue to fall". and price is still the same after all this time!
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you can not make that kind of conclusion based on the current trend at hand. all we know is that price is not moving right now and all the attempts to change that have failed. yesterday we had an attempt to push the price down below the buy support but it only could drop the price about $200 and nothing more.
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haha, when they advertise Ripple they should really try to avoid words like "centralized" so that maybe we are not reminded by how centralized XRP is and maybe some readers are fooled enough to look at this token twice
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So its another attack on the bitcoin price and pull back of price and now price will move down. Hope that it wont affect much on market and people dont react panic and start to sell.
what attack? i don't see any kind of "pull back" worth talking about. there is only a teeny tiny drop today from $6400 to $6200 which is 3% and is probably some bored whales trying to blow some life into the market. if you look around among topics you can see others who are getting bored with market and try to either FUD or Hype things up. and both are failing
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of course i consider the day when the first block was found as the birthday of bitcoin (meaning genesis block) and i think other dates don't make sense because none of them are the start of bitcoin aka the decentralized network.
for example when the paper came out, bitcoin didn't exist yet. you couldn't use it. you couldn't mine it. there was no network so you can't say it was the birthday of bitcoin. you can call that day the "conception" of bitcoin. it is like having a child, when your wife gets pregnant you don't mark that day as birthday. but instead the day that your child is born even if you choose its name before that date!
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A volatile market attracts traders and speculators. A stable market attracts merchants and businesses.
that's the complicated part though. each of these two will be the cause of the other. for example more merchant and businesses adoption we have, as a result we will also have a bigger rise and a big volatility and that attracts more speculators and traders and then increase the price while most of them will also become interested in bitcoin as a currency and start spending it which makes more merchants adopt bitcoin.... that is why we are waiting for mass adoption...
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