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I believe it depends on the reason that each of us has dealt with bitcoin. I want to say that if someone decided to deal with bitcoin only to enrich then he has in little interested else except the profit. If someone believes that blockchain is an innovative and revolutionary technology he definitely read what his creator had written about it. I belong to second category and I have read it although I am not a programmer. I wanted to understand the thoughts of Satoshi even though some things are not clear to me.
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In the last versions blockchain wallet changed his policy and removed some useful features imo. One of these is the ability to sign a message. So, you can sign a message only if you import an address. Till now using this wallet there is no other way. You can verify a message something not very useful since there are many sites to do this.
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Nice update but is it available in other countries? I am looking for a cheaper way to buy bitcoins instead of using a local exchange which has a lower rate compared to other exchange site so maybe if the fees aren't high enough I will also try this.
Yes this feature there is in many countries and as say "The rate offered by your region's exchange partner. May include fees". I did not continue after first step; The only I know coinify creates an account and associates it with my verified email address. I don't know the payment method. Maybe is SEPA but I would prefer e-banking. If everyone has bought he could inform us. I really like the conversion rate. Today is 1 BTC = €751.31 and using localbitcoins in my country1 BTC = €767 the cheapest trader. |
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many differences between bitcoin and real money, simple example bitcoin is not shaped (digital currency) and real money can be use in local shops
It is good that Bitcoin is developed digitally. That's why Bitcoin is more secure than other FIAT. It is impossible for robbers to steal your BItcoin. Only hackers know how to take away your bitcoin directly from your wallet. However, hacking bitcoin wallet can be considered as extremely hard job, too I don't stand in the difference between money and bitcoin which more or less most we know but to ease with many people write about wallet hacking. If someone really knows something and has proofs of this fact, doesn't matter what kind of wallet is i.e web, mobile, desktop, would be good to open a topic and present them. Otherwise writing nothing about this issue would be a sanity alternative. |
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Suppose that only after next generation people will adopt to use in everyday life bitcoins. Till then, fiat money will dominate as a world currency. Most of the above posts I read talk about US dollar. I would like to ask; Do you believe that Chinese will live in a world dominated by the USD for much longer? What happens if they want RMB to be the dominant currency all over the world? What USA will do?
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There is no reason to print fiat money to buy bitcoins. The governments in cooperation with banks will create their private block chain systems with their own crypto currency. Already such an idea has implemented by an Estonian bank LHV the largest independent Estonian bank was the first bank to experiment with a kind of programmable money €100,000 worth of cryptographically-protected certificates of deposits. http://www.cuber.ee/en_US/news/ |
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1. Many countries have started accepting it
2. Many banks in worldwide are trying to use this technology for their banking transactions.
3. Many business are accepting and looking to use as payment mode.
I'm not sure if this was supposed to be read in a sarcastic way because all of these are false. 1. Even though we're interacting here from different countries, it's not the 'countries' that accepts it. If you say that it's accepted in a certain country, then that means their government has announced that it's a legal currency. It's the 'individual' that accepts it, not the whole country. I think you meant to say "People from different countries have started accepting it." 2. I've never heard one. Can you mention one? The idea of bitcoin and bank just contradicts each other on so many degrees that you can't mix them up. 3. Here's the thing. People have been talking about bitcoins not being accepted in almost every establishment. It has been considered as one of the biggest disadvantage of bitcoins. Even today, establishments are still not accepting it. I don't know where did you get that information. yes if the countries accepted bitcoin that would make bitcoin's price go rocket , nowadays only say that people accept it form all over the world . 1. I agree that many countries accept bitcoin transaction not as currency but as "agreement between parties" without further inquiries. 2. The idea of bitcoin and bank contradicts each other but not blockchain technology. Banks want centralized blockchain for their purpose. Give a look https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/492972/gs-16-1-distributed-ledger-technology.pdf3. There are merchants who accept bitcoins in order to increase their customer base. Most of them use services like bitpay to exchange it with their fiat currency. |
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Exchange wallets are only temporary wallets and most of them have only basic capabilities. On the other side if a trader has only a small amount of coins there is no reason transfer to wallet and vice versa because all of his profit will go to miners. But if he invests a respectable amount then he must keep safe his investment.
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The future of bitcoin economics depend on the people using it. If we start fighting against each other, we might end up giving bitcoin a worse name. It already has a bad reputation for being used in deep web markets right now. We should continue supporting bitcoin and once the majority of people are using it, the price of bitcoin will increase. We will have new members in the bitcoin community and we would even have a much higher bitcoin price.
Bitcoin is money and as money we must use it. The only way to grow bitcoin price is if we ask to buy/sell goods and services using bitcoins. I agree that there are countries where their national currency is very weak they lose from inflation every day and they use bitcoin for hoarding. But there world economies too with strong fiat currency. The citizens of these countries must circulate bitcoins as fiat money. |
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i think hold your bitcoin is much more better than other investment because i think its good time to hold your bitcoin , we know that bitcoin increasing its price very faster and i hope that bitcoin will be reach its price to 1200$ at the start of year 2017.
i agree with you that bitcoin is really much more good to hold because bitcoin is going to precious day by day and i also holding my bitcoin for the future and i think bitcoin will be reach to 2000$ in the next 2 years . I have read that bitcoin will not just reach 2k $ but it will possibly reach 1 million $ each. This was a statement by a big CHinese miner. This claim is not sure to happen but theres no harm of saving bitcoins and investing money in it since even it will not reach 1 million $ the fact that it increases in value is very beneficial to me. Investing in bitcoin for me is flawless. Holding bitcoin become a good choice that we have left since a lot of anothers option were invest to casinos or exchanges which you need big capital to earn nice profits, but few sites had problems of hacked or become scam make people doesn't want to invest their coins. I think bitcoin has good chance to reach $2k in two years later as long there is no problem and it spread widely more than nowadays. I agree with you, Bitcoin is expensive, and it is possible that the price will reach $ 2,000 or even higher. You just have to keep your Bitcoins in your wallet and wait. Patience will bring us wealth A good opinion, when bitcoin price always go up, the best way is hold and buy again. I'm optimistic the price reach $1.000 in the beginning 2017 and later in the year 2017 could reach $1.500 – $2,000. Do not be tempted to sell the bitcoin anytime soon. There is no difference when someone invests his money if he uses fiat money or bitcoins. Always if you want a big profit you would take a big risk and vice versa. On the other side I read big expectations that bitcoin price will be dramatically increased shortly but nobody can explain the reasons. |
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Coins are lost. The probability to find who owns that address is extremely small. There is only one chance if you are really lucky and this is based to recipient's honesty. When see the transaction as he knows that he can't claim money from this wallet return it to sender.
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Is BTC becoing more-and-more China's blockchain playground? What is their bigger understandings for their Commusint politics & finance in this Global digital era?
Bitcoin is an innovative revolutionary technology created as payment system. And money has no country. There were no reason to prevent western societies to use it. If there are more chinese than others in the world this is an indication how many obstacles they face or they don't trust to use their national currency for transactions especially out of their country borders. |
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Digital assets are based on internet. Till now only 40% of world population have access to it. More over internet only will not persuade people use bitcoins in everyday transactions. Education and information is a very good start but for older people it is not enough. IMO next or after next generation will not believe in fiat currency anymore.
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I also think that we won't achieve the cap of 1000$ until the end of the next year , it can only be possible if we are able to fix the block size limit, if we are able to so then we will be able to increase the bitcoin size rapidly.
Anyway there is not such a way to predict matket activity and if you have the ability to fo so then you probably have an inside knowledge or you know an event that is going to happen.
I will agree that we will not see the price of 1000$ except something very shocking happened in world economy which could be force the markets to ask way-out to gold and bitcoins. |
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choice between gold and bitcoin, I prefer bitcoin. Well, I see that the potential of bitcoin is greater in comparison with gold. for now, we can make a lot of income by leveraging bitcoin exchanger, or what we call the trading. You can also invest in long-term use bitcoin, but we never know whether the price will go up or not
Although if we choose bitcoin to be an investment in a long time is litle bit risky but the chance to get bigger profit is better than gold. Also we don't need to have big financial capital. I agree that bitcoin is more risky than gold and the choice between them is based to trader only. A risky one will prefer to buy bitcoin only and the more conservative only gold because has a known and constant value. But why I had only these two options? Not all eggs in one basket imo is the best one |
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Once bitcoin is used for payments, then no, it will not matter.
No I disagree. Price matters not only investors but people use it for payments too. Say that I want to buy something and I have the option to buy it with US Dollars and bitcoins. Suppose that I have this amount not only in fiat money but in bitcoins too. If I have the time and I believe that bitcoin's price will raise up I will wait and buy it cheaper using bitcoins than I buy it now. |
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My worst mistake in gambling is gambling. Being more specific; games like dice games are based on mathematics and human greediness. So all we know that in the long run we will lose our coins but we play hoping that will be rich. If someone wants to involve with gambling best option imo is sport betting sites.
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We have two ATM's in my country. A very good initiative from open minded people but the drawback are the fees. Exchange is fairly expensive compared with the prices using, say localbitcoins and similar ones. On the other side if someone wants bitcoins right now and a degree of anonymity then is a very good option.
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There are many threads in this forum from people asking how to speak their children, friends their parents even his girlfriend someone about bitcoin. This channel is a very good start. Hope the creator keep to update it.
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Thank you. I read few lines but this is a 'hot' paper. As I understand they want of course block chain technology but they think and propose centrally bank cryptocurrencies, if someone wants can download 3rd reference from chapter 4, they admire the first successful case of an Estonian bank and they mention something with 'paint' bitcoins as data carriers and so on.
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