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261  Bitcoin / Bitcoin Discussion / Re: Why not creating BTU as altcoin ? on: March 25, 2017, 09:24:29 AM
What is the reason that Bitcoin unlimited members don't creating their own Altcoin (BTU) ?
Then there wouldn't be a hardfork !

Simply because of the network effect. That means bitcoin has value because people want it. If people reject bitcoin and go to the 'next big thing' then not only the price will collapse but and all the market in a short period too. So what miners do with all of these investments in machines and infrastructures? How do they pay their loans?  I found and share with you a well documented article which entitled as The 7 Network Effects of Bitcoin. To my point of view it is worth to take a look.
262  Bitcoin / Bitcoin Discussion / Re: Bitcoin business idea on: March 24, 2017, 08:52:14 PM
The way i see it anything which is known worldwide so that many users with different fiat need it and is easier and/or more safe to pay with bitcoin. Such as, to sell subscriptions in host file servers and licenses for software. The reason is pretty simple; I use these services and I really hate to give my credit card personal details because I have no trust to them. Therefore, use paysafe or prepaid cards or something with less risk. Bitcoin is perfect, imo, for this kind of business 
263  Bitcoin / Bitcoin Discussion / Re: Everything is going to be ok. on: March 24, 2017, 03:40:37 PM
I think those who are panic selling now all their coins will regret it in the future. Lke it was shown in this thread many times, Bitcoin have had some issues in the past but was overcoming them successfully every time. Although I think $1,000+ is not so bad, I'm sure the price will rise due to massive adoption in the future.

Currently is something different and there is not the same like in the past. The last two weeks all they speak about a hard fork and the split of the blockchain. If this will happen would be the first time and is logical all of the users to feel nervous. Therefore, if some of them have already bought in high price they want to protect their funds and want to sell so as to decrease their loss.
264  Bitcoin / Bitcoin Discussion / Re: How would bitcoin coexist with digital fiat in the future? on: March 24, 2017, 12:21:32 PM
So in the future, fiat currency will become digital only and cash will completely disappear. Credit cards will also disappear. People will be implanted with chips that contain all their information and they'll need the chips when buying or selling goods

 I have many questions:

How would bitcoin coexist in the future with this method of payment?
The same way as it is today. Maybe will be a mobile wallet where someone can have many cryptocurrencies and fiat as well. 

Quote

Will it get accepted as a second currency?
There is none could answer 'yes' or 'no'. But, who really cares? The point is to be a currency and if is possible to be accepted in many places in the world. Second or third; only the conversion rate has meaning.

Quote

What about other crypto currencies or bitcoin forks?
About other cryptos the same as it is today. The more strong ones, with a big user base will achieve to survive, some of them will be used as a medium of payment and the rest will die. As far as it concerns the possible bitcoin HF there are so many threads in the forum where you can be informed.

265  Other / Beginners & Help / Re: 5 Free Bitcoin price ticker firefox add-ons on: March 24, 2017, 08:56:07 AM
Eventually I installed two of these; the  bitcoin price ticker and the bitcoin rate & conversion from here The first addon has many choices in font, color, exchange services  and refresh rate. The second I could say is somewhat naive because it could have more options maybe from fiat to btc like as in this. My first impression is that is a handy addon for bitcoin users and maybe I will keep it if is working like its author claims.
266  Bitcoin / Bitcoin Discussion / Re: Why Satoshi... ? on: March 23, 2017, 11:17:24 PM
I think it’s reasonable to ask why every time as community we face any problem big or small regarding the bitcoin some people they want the appearance of bitcoin creator/s. If we can not manage to find a solution either good or bad then we probably are not worthy to use cryptocurrencies; that is, to be free and could be better turn back to fiat and let the banks to decide for our own future. Freedom means not only rights but responsibilities too. 
267  Bitcoin / Bitcoin Discussion / Re: Do you want hardfork? on: March 23, 2017, 12:00:54 PM
To my point of view I do not support anything would harm the bitcoin and that's I think about any hard fork solution. I would like the gentle one that is, the segwit which is a soft fork and as was proposed by the core team. Unfortunately as the reality shows the hard fork is more likely to happen now than ever.  
268  Bitcoin / Bitcoin Discussion / Re: What to do with the people who don't like Bitcoin? on: March 23, 2017, 10:41:16 AM
Many people who hate bitcoin are middle-aged or more, afraid and/or even hostile with the technology and some times they are contrary to due to their religious beliefs. Talking to them and trying to explain the most likely will be to not achieve anything. There are people who are really negative the whole idea. Hence, let them to stick with the fiat and 'enjoy the rest of your day'.
269  Economy / Economics / Re: The best time to invest. on: March 23, 2017, 09:57:04 AM
Ιn reality, it is an illusion when we say the worst or the best time someone to invest. Just only to be prepared mentally and psychologically. Therefore, any investor should to consider not only the profit but and the loss too and to have an investment plan. These two, imo, will help us in our future investment movements and to overcome some of the hassles.
270  Other / Beginners & Help / Re: Encouragement for Beginners in Bitcoin on: March 22, 2017, 06:46:49 PM
For those experienced people in Bitcoin, any encouragement to us beginner that may motivate us further to strive more in the world of bitcoin ? any experiences that you can share when you were still a beginner that pushed you to make it to the next level ?

I will answer you from another perspective because you asked about encouragement and motivation. Do you want to be financially free? Do you think that you can trust the technology without any required intermediary entities (banks)? Do you want to be among the pioneers worldwide in the most revolutionary and innovative technology of the 21st century till now? If you answer 'yes' to all of them then you are welcome. If you are tenant and patient you will try to face all hassles and you will go to next level as you posted.
271  Other / Politics & Society / Re: Bitcoin Under World War 3... on: March 22, 2017, 06:14:20 PM

--snip--

If world war III erupts the first one to be destroyed are the satellites in space since those are necessary in winning the battle. This means that in the first wave of the war the internet connection will also be cut-off rendering bitcoin transaction and mining useless. Another thing is when the battle will occur electricity as well as computers storing bitcoins will be destroyed. In short if World War III occurs bitcoin will also die.

To my point of view this will never happen. There are about 1500 operational satellites around the earth according to pixalytics and imo is not an easy task to destroy them. Therefore, this not the case. I believe people will not bother with bitcoin because they will have to give priority in basic needs (food and water) and mining will stop because governments they will not permit vast amounts of electricity to be consumed only for mining processes.
272  Economy / Economics / Re: How much are you willing to pay in fees for a Bitcoin transaction? on: March 22, 2017, 05:56:11 PM
For me it depends on the amount I will be processing if I will send 1 btc Im willing to pay $1-5 for faster confirmations, $6-10 seems to high for me its not justifiable anymore, if the amount is small like $1-5, 0.01 usd is ok.
Well said, it should depend on the amount of funds you are moving. for someone moving $5, $0.1 is high in my own views, the irony of this whole issue is that, the wasn't the case when the price was around $600, we now have BTC penetrating into some new markets especially south America and Africa. I just think the whole transaction fee issue is more political than the main scaling debate issue

Well I believe that is wrong the way we most of us are thinking when we speak about payment with bitcoin. We have stop think in dollars or euro or anything else like as any fiat money. This is not fair. We have try to think only with transaction size and if we need, really all times do we need the next block confirmation?, fast confirmation time. As you see in my signature yesterday I payed and the campaign manager payed about 5.31sat/byte and first confirmation was in less than 24 hours.
273  Other / Beginners & Help / Re: Easiest Way to Turn Bitcoin into Cash? on: March 22, 2017, 02:41:15 PM
There are some ways and maybe the simplest one is to exchange the bitcoin to fiat (cash) face to face. The best option is with a friend of yours or a colleague. After that if there is a crypto ATM near the place you live which usually have high conversion rates and using an exchange service like this which is in my signature and I participate in its campaign.
274  Economy / Economics / Re: Bitcoin price is recovering! on: March 21, 2017, 07:13:13 PM
Ya it is true that market have not reacted so much on the news of rejection from ETF but it reacted when it got cleared of Bitcoin Hard fork. and now it is getting out the fear as they are knowing it the difference very soon.

After the exchanges have declare that there will be a separation between BTC and BTU the  public in fear has returned to bitcoin and are no longer worried. That is probably the main reason why bitcoins value is now going up again. Possibly next week the price will hit again at 1200$ and to those who are loyal to bitcoin and have not panicked a good roi is waiting for you.


I read the thread and many people are optimistic about the price of bitcoin. This is a good feeling but the debate and that each side follow its own policy will not over till a split of the coin. After the Antpool's movement, yesterday, to mine a BU block, today the Guo's X Pool followed and did the same so as to promote the BU too. The future is uncertain and will see how the price will be affected.
275  Other / Beginners & Help / Re: 3 Ways to Unstick Stuck Bitcoin Transactions on: March 21, 2017, 03:31:15 PM
ViaBTC have some hourly limits and with all the unconfirmed transaction out there and the service being known by more and more people, It could be hard for someone to accelerate his transaction. I recommend adding https://pushtx.btc.com/ (even though It's paid).

They ask 4.04$ for a transaction that was worth 18$. That accelerator seems a bit overkill to me, 87b61ad3e2099795eefc7e7e33ad82b1c295c21f8ffd38f889a2a6f1dbd3366b,
Am i doing something wrong, or is this normal for such a transaction?
If i would compare this to the free ViaBTC accelerator, there is no way it could compete with it.


No you did not anything wrong and the way I see it is not normal. But this is the policy of Bitmain and in reality you have to pay with fiat money (credit card). I believe that this service is completely useless. Currently, there are some processes like as RBF and CPFP which are offered by some wallets so I cannot understand the reason someone to pay this outrageous amount of money. The Bitmain CEO Jihan WU has already stated in his twitter account that money from this service will be given to support BU.
276  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Top 5 Altcoins to Trade/Invest on: March 21, 2017, 12:49:20 PM
Given that I prefer small profit than bigger one which also involves a bigger risk, the order of presentation from less to more risk in my opinion is


1.ethereum
2.monero
3.litecoin
4.zcash
5.ripple
277  Bitcoin / Bitcoin Discussion / Re: The danger of the cyptocurrencies on: March 21, 2017, 06:33:15 AM
Maybe I'm wrong but I think that some banks and governments stopped considering Bitcoin as a threath but more as an opportunity to take their piece of cake for themselves and make the profit. I think they have realised it's too late to stop Bitcoin so that is better for them to join that train before it's too late.

I have a different opinion about and if banks consider that bitcoin is a serious rival and possibly a threat to their future existence. A typical case of the well known in Europe bank is the BNP Paribas which admitted that bitcoin could destroy the banks and their work as we know they do it now. Moreover, we could see some movement of the PBOC which has already did its first trial in digital currency trying to attract the interest of Chinese customers. All of these are signs that banks are feel at risk considering the popularity of bitcoin.
278  Bitcoin / Bitcoin Discussion / Re: What we learned from the Bitcoin ETF denial on: March 20, 2017, 10:56:20 AM
If we see the rejection of ETF as lessons learned first I could say that there is no way governments to let bitcoin to grow because could lead fiat currencies to crash. Moreover I could say that best comments had been said by Philip C. Chronakis, Attorney, Adjunct Professor of Law that the denial could not stop the progress of bitcoin but the approval could provide fair, investment opportunities to all Americans and not only the techie savvy ones. 
279  Economy / Economics / Re: Would a global disaster increase or decrease the Bitcoin value ? on: March 19, 2017, 03:26:33 PM
Everything is supply and demand. In case of a major disaster extended demand has food and water. So the prices from these two goods without any doubt will rise. Regarding the bitcoin price will probably not be affected. Maybe if there is no demand then the price is likely to be decreased unless it is used to in order people to purchase the necessary food and water.
280  Economy / Economics / Re: The dream of getting rich with bitcoins on: March 19, 2017, 10:00:55 AM
This is really an interesting question, I like it. Actually, I also had the intention to get rich from Bitcoin, first to know Bitcoin, I did not have this idea but since I realized the true value of Bitcoin I changed my mind. I have found every way to earn more Bitcoin, I am involved in investment projects but not effective. Then I switched to trading, trading altcoin types and working on forums. I find this way quite effective, I have earned more Bitcoin. However, the dream of getting rich is still quite distant because everything takes time, I need to act and do more Cheesy
It is possible but it will be hard. The days in which you can easily double or even triple your Money with Bitcoin are now over. Right now it has a slow movement above 1000$ comparing it to its movement below 1000$. It is trying to tell us that if the demand does not increase it won't move up to our expectations. We can easily find other investments that are rapidly growing such as in the stock market.

What do you mean when you say slow movement? Last November the price was a bit more over the $700 and two weeks ago about $1275. I don't know any other currency which presents such fluctuations. On the other side when someone has the dream to be rich with bitcoin depends the place he lives. There is big difference who is considered to be rich in Nigeria and who in Switzerland.
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