I would like to join this calpaign and i wil be happy to work with you  |
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Since most of my bitcoin need involve paying for hosting, running exchange service for people then no point using low fee.
Yes, we should not use the low fees for transactions, which will cause a lot of obstacles to our work. Unverified or long-term transactions will make your work uncomfortable. Just think about it, if all people pay high transaction fees that means that we are paying them for nothing because they will not make transactions faster since there are a lot i think that the whole point of pying fees is only for the poeople who really need their transactions faster like investment or gambling where every second counts other than that we are just wasting money |
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Bitcointalk name : Shenzou
Rank : Full member
Current post count : 297
BTC address: 13KC6cdxDKvJauXj48fpiurWhkssDYgfxq
Wear appropriate signiture: Yes
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I am personally have been using bitcoin for quit some time and it hurts me to say that throught out the recent transactions fees getting higher i have been really disapointed and thought seriously about quitting it because what is the point of using it when you have to pay a lot of fees in order to get your transction faster but you still get it after hours
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The whole point of paying extra fees is to make transaction faster, the more you pay the faster you send bitcoin, but the probelm now is that everyone is paying fees which means that all the transaction have the same priority, so there is no point in paying them
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The fees are totaly insane, i have an Xapo wallet i wanted to send 10$ worth of bitcoin and the standerd fees were about 5$, is thnis really what bitcoin has come to these days are we going have to pay 50% of the transaction as fee for miners, in this case using bitcoin will have no point we will be better off using PayPal or other payment methods that has fixed fees
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We all use bitcoin in our own way but when it comes to it we all agreeeon the fact that we use bitcoin to make profit, wether it is saving it for future puropuses or for fun, it all depands on what the user is doing and his priorities, wether he is using it to make profit or just as an extra income, i personnaly a bit of both i hold most of my coins until some day when the price reaches high values, and use some of it for personal things and for fun.
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The internet world and espacislly in bitcoin exists many oppurtunities to make money, but it all depands on the person trying to get the money and how far is he willing to go, you can earn money without spending any thing or by paying moeny and getting intrsests and profit in the long run, there are easy way and there are hard ways, there are ones that require you a lot of time some of them only takes minuites to seconds, it all depands on what you are looking for and the time and the effort you are willing to give to achive your goal.
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What will happened if every country started to use bitcoin. Is the current supply of bitcoin and blockchain capacity can handle every bitcoin user?
Thanks in advance.
If all countries in the world started to use bitcoin then the problem on supply will be covered up by the increasing value. And the problem on mining capacity will no longer be a problem since bitcoin mining farms will appear throughout the world and in large numbers thus even if the blocksize is small it will be compensated by the number of miners and their hashpower. Well that is not going to happen because the bitcoin supply is limited which means if more popele try to mine and get as much bitcoin as they can means that will be no more bitcoin to cover the needs of the world and this leads to bitcoin becoming a rare thing that not everyone got and its price becomes more and more higher as time goes on. |
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That's a good question. Due to the design of bitcoin, it is a bit difficult to "loan" them (remember that banking is effectively a loan where the bank pays you interest).
Now, that's more on the theoretical side of things. In practice, a major problem with loans in Bitcoin are the volatile price. If the price rises suddenly, it could become more difficult to pay back interest; or alternatively if the price takes a heavy drop, the investor may lose money as what he is paid is less valuable now than it was at initial investment.
why is it difficult? it is the same as lending money. when someone files for a loan, bank reviews their application takes a collateral and gives the loan and then takes it back on intervals. and price is no matter, because they lend bitcoin and receive bitcoin. and this can only happen in the future when mass adoption happened and price is already high and stable. it is like lending USD and then USD price going down versus another currency!! that has no effect on how lending goes. Bitcoins are not fiat, and therefore, can not be continuously printed. Because of this, no one can guarantee to indefinitely keep paying out interest on loaned coins. A horribly exaggerated example, just to make a point, is that if I somehow had 20,000,000 bitcoins in a bank, they could never pay me more than 1,000,000 total in interest just because of the limited supply.
bad example. if someone has 20 mil coins it means bitcoin is dead since 1 person controls all the supply and nobody takes a loan  I think it's not a good idea because there's no bank that can handle a lot of bitcoin,because if you have more bitcoin there are also more interest so that no banks will approved you to save your bitcoin in there bank.Bitcoins have different value so that when you save your money in the bank they can't handle it because the interest of bitcoin will increase. A part from that bitcoin has an unstable value which means that as it could go up it could go down, and banks will not risk losing millions of dollars if the bitcoin fails and gows down. |
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I use Bitcoin to avoid the foreign currency control in my country, also to save my purchasing power against the inflation (>600% in 2016). So everyone uses Bitcoins as they just need to use it, otherwise people just "use" bitcoin to make profit.
I think that everone uses bitcoin as a type of investment, when it first started bitcoin was supposed to be a type of new currency that everyone will use onthe internet, but as the time went by and the prices started to rise people started treating it as gold, they save and they buy and sell it |
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Bitcointalk name: Shenzou
Rank: Full member
Current post count: 288
BTC Address: 3KoFATJFgCTmxuXbE5qCpLHgqLKNVqhp7e
wear appropriate sig; Yes
Looking forward to work in this campaign hope i get accepted
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It is true no one is going to give you anything for free, but there are ways from ways to getting bitcoin, free ways means you only invest a bit of time into them and just that like signiture campaigns, and others that require you to spend money and time to get it and they involve risks, and everyone has his own ways
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You can't save your bitcoin at any regular bank you need wallets, you can find many of these on the interenet but i recommend Xapo since you can order a debit card which will alow you to withdraw and exchange bitcoin to your local currency at any ATM.
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I would like to join if there is any slots availabe
Username: Shenzou
Rank: Full Member
Current Posts Count: 284
Bitcoin Address: 3CzZD7HXoCZw7sRTkEjJHo55UqRtkTmeW2
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No one can controll the bitcoin, because of how it is not centrelized in one place bitcoin can not be controlled by any party unlike the other currencies which have thier specific country, iy might be true that china has a large share of the mining power but it can't controll the whole bitcoin market
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Bitcoin's biggest regrets for me would be not exchanging it when it reached 1200$ and know with the price going down every day it fells that i have missed the chance to get some profit
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