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Few days ago a friend asked me this questions. But i cannot understanding that how to i give him answer. At last i said him that, bitcoin is an online currency. Only this currency used in online marketplaces. It is not possible to use it in offline marketplace like offline currency.
But what is your best answer of this question?
You need some kind of connection to broadcast your transaction, so at the moment internet connection is required. However, there are works in progress to allow Bitcoin transactions to be broadcasted through Satellites. Blockstream already has one in operation.
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Yeah, altcoins price and Bitcoin price are correlated most of the time, unlike what most people think. However, I think at some point altcoins will not be able to follow Bitcoin's performance, because you need much more than speculative value to maintain a multi billion dollar market.
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With high scalability, conditional payments, built-in chat and features for sending bytes via e-mail, Byteball remains one of the few solid projects. And the marketcap is ridiculously low...
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If you refer to short term performance... yes. But in the long run, it's all about adoption, and there is no adotion if you don't have a good product.
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Do you think Byteball can compete with IOTA. IOTA has no fees and byteball it has. I think that only for this reason IOTA will always have a suggestion. In addition, the interest of large companies is also on the IOTA side.
No fees is not an advantage against very-low fees, but very-low fees protect the network against spamming. Don't be fooled by what they pretend about large companies supporting them, they hired advisors having relations with big companies for marketing purpose but be sure these guys barely know what is a crypto-currency and won't do any real work. I have a hard time to understand, why do we need fees to prevent spam? Proof of work was originally invented to prevent spam. You don't need a mining farm to submit transaction. A challenge should be easy enough to be solved by a cell phone or IOT device, but get exponentially more difficult for spammer with every next transaction. There are also other ways to prevent spam, like rate limited transactions (see steem, eos) The problem is that a computer have thousands of times the processing power of a cell phone, so attacking the network would not be much of a problem.
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Most countries that I know don't consider Bitcoin to be illegal. What are these countries you are talking about? I guess there are some, but as far as I know Bitcoin is legal in most countries.
There are, of course, many authoritarian governments in the world, and these are the ones that would be the last to consider Bitcoin a legal currency.
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I ran out before putting myself at the risk of big disappointments. This market is not only for those who have a lot of money, it's for those who stay monitoring it all day long, and yet be surprised by these rumors and strange decisions taken by different sides of the ecosystem.
Since I have to focus on other plans, there is no time left for this.
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The worst thing that could happen would be if the vast majority of miners decided to mine some stupid fork, leaving the Bitcoin chain unprotected. But there are no economic incentives for this to happen
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I think Byteball will rise after the fork of Bitcoin...
but I think that byteball will grow only after all the airdrops run out. only then demand exceeds supply I would completely agree with you if there was no working product, but the potential for increasing demand is already there. Yes, you're right, but still, once a month a pile of coins is distributed for free - it can not be good for the price Without having Bytes you don't get those coins... but yeah, airdrops come with the risk of huge sell-offs
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I think Byteball will rise after the fork of Bitcoin...
but I think that byteball will grow only after all the airdrops run out. only then demand exceeds supply I would completely agree with you if there was no working product, but the potential for increasing demand is already there.
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Thinking about Japan makes me think about robotics. They have very interesting technologies in this regard.
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This might not be so good for libertarians, but there is a positive side, which is bringing investors from traditional markets, and this could help the price a lot.
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Volume climbing again. It's possible that we have seen record levels of inactivity at sub 100k.
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It would be sad if Poloniex becomes insolvent. It would make Bittrex one of the few good exchanges for altcoins.
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These drops are temporarily painful, but it's better than seeing the price fall into oblivion after the last full moon.
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If you want to diversify to something more stable, the way is traditional investments (gold, silver, stock market...), as someone already said. But you may not be able to get the same profits.
If you want to increase your profit potential, you can diversify a small percentage of your portfolio investing in coins with real innovation and potential to reach mass adoption, even better when these are things built from scratch. I think DAG coins, like Bytes and Blackbytes, will do great in the long term.
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The market cap is not going to be too high before the end of the distribution. Not only the remaining coins, but also witnesses are still controlled by Tony.
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... I think BCH its the new BTC, need only to wait time
C'mon guys, you are smarter than that.
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A rebrand would be a good thing, as long as it brings a better representation of the project. And please, improve your english @zxbball.
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Recent tracking of Mt. Gox coins through a lot of exchanges shows that Bitcoin has more potential to reduce criminality than increase it. It is enough that investigators make due use of the ledger to investigate.
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