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Well, I think people would say they use it for its features even if they don't. It would really make you look (somehow) bad to say you are using Bitcoin just for earning money but not for the advantages it offers.
I personally use it for both to be honest. I've always been a fan of trading, whether it is done with Bitcoin or any other currency, but since it is the best option, so I use Bitcoin for that. And, I love using Bitcoin because of its features as well. The fees, transactions times (though they are annoying sometimes when the market is flooded with them) and the fact of keeping money without letting anyone know about them just made it look totally different from what the world has seen before it, and I think that played a really big role in the success of Bitcoin besides its price volatility that attracted investors of course.
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We all know that a transaction only gets confirmation if the miners put it in their block in order to get the fees paid as reward for that. So, the only scenario where a transaction can be stopped or not let pass the chain is if a person/group has access to 51% of all mining power that exists. With that, they can stop transactions from being confirmed as they probably have more mining power than any other miner so they get prioritized because of that, and no matter how large the fees are for the transaction, if they don't want it to get confirmed, they can stop it. But still, it is not 100% sure to happen, but it is possible, and with that much mining power, the chances are very high.
I have no knowledge about your second question for tracing a transaction. So I won't even attempt to answer that. Someone else with more knowledge about that might give you a more clear answer for that.
P.S: I think this discussion belongs to Bitcoin Discussion section as it is not about legality, but about blockchain and Bitcoin itself. You should move it to that section.
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Though harmful, but this is still not as much dangerous as it can be if the exchange itself gets compromised, and we have seen that happening before as well with quite well-to-do exchanges. People surely have to keep their funds out of the exchanges whenever they are done with trading, everyday. Keeping your funds in an exchange for the purpose of trading again can cause you a big loss if something happens within the exchange.
One way of being safe from phishing attacks is using the mobile applications of the exchanges. You will face no such problems with the app as there you are not opening a website which minimizes the risk of your credentials being stolen.
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Very simple answers to your article like post.
Did Satoshi ask people to invest in Bitcoin in order to get profit out of it? No!
Does Bitcoin itself promise high returns on investments? No!
Thus, Bitcoin is by far not a ponzi scheme or whatever you call it. About other cryptos, some of them can relate to your arguments, but not all indeed.
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"To be JrMember, required activity = 30." "There is a maximum of 14 activity points every 2 weeks." 6 weeks are so long time in this world. Aren't it?  Then what do you prefer? Reaching Jr. member rank in a day and Legendary in two weeks? Activity points are awarded for being active on the forum, and posts show your activity. So for being active for one day, you get 1 Activity point. Account ranks show how active a user is in the forum. If you reach Legendary rank, it demonstrates your time spent in the forum. That is why this system exists, not for making anyone able to earn more money from campaigns by ranking up. |
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Though it's a good suggestion, but I'm afraid that is not the only thing you need to do in order to get Merits (gosh, I'm tired of using this word). This thing can only make your posts more understandable, it doesn't make them constructive, and only the posts constructed informatively are appreciated.
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.....if the price of bitcoin are going to drop below $8000 USD, it might cause another waves of panic selling in the crypto-currencies trading market and this might cause bitcoin price to continue falling towards the $7000 USD level.
I believe that has already begun. Half of the dump or at least a quarter maybe is because of the panic selling happening right now. Every time when there is a reason for the price to dump, like right now it is because of the mass selling of Bitcoins by Mt Gox, along with SEC's announcement of regulating cryptocurrencies, exchanges and wallets, the panic sellers play a very pivotal role to extend it even more. If the price is to dump 50% of its value, it gets extended to 70% or more because of the panic-selling scenario. |
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These so-called "whales" or whatever they are, are unstoppable as they have enough Bitcoins to manipulate the market whenever they want. Me, you, or even many other people from basic category of Bitcoin holders cannot stop this corruption even if we want. They dump half of their coins at a very low price creating a wall and this compels others to sell theirs even cheaper, and that is when they buy them all below their wall and remove the wall. After that they put them on sale for the normal price, and all they get is profit from it. Now, how on earth can we stop something like that? I have no clue at all.
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It would probably be legal as long as both countries haven't banned the currency yet, IMO. If there are any regulations regarding Bitcoin in Canada or India, you will need to know them before doing such a trade.
About sending money from India to Canada, I have just checked a few Indian Bank websites where all the taxes were given for such transfers. The sender needs to pay the taxes of his country, along with the currency exchange taxes, which would surely apply even if you are sending CAD or INR, they will need to be converted to be sent to the targeted country. I'm not sure though how much or on what bases the receiver will pay the taxes for receiving the amount.
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This has been discussed before as well. Here is the link to that thread: https://bitcointalk.org/index.php?topic=2144807.0You might want to see the last post of that thread, by Vod. That is: Guys - relax.
There will be no mobile app until we move to the new forum. Why make an app for this old outdated software?
So, there is no official App for Bitcointalk right now. There might be one after moving to the new forum as said by Vod. I would suggest you (and all others reading this post) not to enter your credentials in any application as they can possibly be stolen. |
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I think you have started a useless discussion.  A discussion which will do nothing else for the users except for wasting their time reading it. And, you have even posted it in the wrong section. There is a particular section for such discussions, which is called Speculations. Though it won't make it any useful, but you should move it to that section, so that it should at least be where it has to be, although having no importance being there too. |
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It is/was never about the price, but it is all about the features and uses it offers. The Market Cap is what you should see if you want to know how powerful a coin is, and if you have checked, the current price of Bit20 (BTWTY) is $1,058,670 and its Market Cap is just slightly higher than its price, which is $1,075,609. So basically, Bitcoin doesn't need to be the highest in price, but it is always on top because of its acceptance. People trade Bitcoin more than anything in the world, and its Market Cap is the proof of that.
Ask yourself, would you go with something having a higher price or something having more uses? I'm sure you would go with the second one. That is how Bitcoin is, IMO.
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the merit system shouldn't discourage users to share their view on things either. You make thing someone may not agree with your post? Do not worry it's not like down votes are a thing in this forum yet. As long as you are posting up to date relevant information and most importantly original content then you should expect to pickup merit points along the way. You shouldn't expect to gain several hundred merit points in a small time frame unless you have contributed greatly.
The merit system it working as a whole although it has caused a few little problems here and there like for instance many people are copy and pasting older topics or older replies and trying to pass them off as their own. This is quickly being regonised and dealt with either by defaulttrust or the moderators.
maybe what we should consider is a system where people who do not have merit can flag a post up for review by a merit source. I think this way merit sources wouldn't have to worry about finding posts actively and can rely on the rest of the community to find them and their job would only be to distribute them fairly.
this is a hacked account - this has been my account for 3 years but was hacked in Dec and now this hacker is using it can you prove it? do you have a staked address you can sign a message from? Wait, I think we have something here. I saw the exact same thing posted by another user in Decent Signature Campaign thread, here. Here is that text: Btctalk name: h0lybyte
Rank: Hero member
Current post count: 1281
BTC Address: 3QahtLHGGMnyos3o4GfXW9fTiTCvh4WpSi
Wear appropriate signature: yes
this is a hacked account - this has been my account for 4 years but was hacked in Oct and now this hacker is using it And, both users have the same (with just name changes) Personal Text. Both accounts are probably being used by the same user, though I don't understand the reason behind these posts of claiming the accounts were his. If you check their post history, about 40% of their posts are on the same subject, and almost in the same wording.  P.S: Sorry for being off-topic. |
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Me, every time after reading a post like this:  |
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Your post is the answer to your question. THIS is why there is no other way of getting Merits, so that people like you should not be able to increase in rank and stay out of this forum for as long as they don't learn to read/understand. You either did not read the thread about Merit system, or you don't have a mind to understand the reason why the system has been implemented, because if you would have understood, you would never ask something like this. P.S: Sorry for being rude, but I seriously couldn't help it. Edit: 2) Another option to increase your probability of getting merits is by posting in merit giveaway threads. There are a lot of members offering merit giveaways where you can quote your high quality posts and get merited. But make sure that your last 20-30 posts reflect that you are putting some effort.
Don't say it in a way as if it is a different way of getting Merits. Those threads are not awarding Merits for nothing, but they ask for quality posts in order to get Merits, and reading this post, I don't think OP can make it up to that. So basically, there is no way for OP to get Merits unless he improves for a few months and then get back here as a more helpful and knowledgeable person. And besides, he is asking for a way to get Merits without getting them from others, and that is simply not possible. |
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A totally useless question, serving nothing to the forum or its members. I can't even figure out if how come people get to ask such stupid questions like "Why do you love Bitcoin?", "What will be the future of Bitcoin?". I mean come on! Are these really the things you want to know about this extremely large industry? Ask something good so that you and others reading the thread should learn something out of it.
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Merits are always welcome  thus, quoting a post of mine I believe is worthy. I'm definitely happy with the new system. By close observations, a person can clearly see that the majority of the people on this forum don't even know what a quality post is. Most of them think "more characters = higher post quality", and just because of this false assumption they start making much more longer and way more useless posts to make them look like quality posts, while the quality of a post has nothing to do with its quantity of length. Merit system can be (if not used with partiality) a permanent full stop for all those accounts created for nothing else but joining Signature Campaigns. And that thus leads to less spam, IMO. I mentioned on the main thread that a downfall to this sort of system is that people who start the topics are going to get a lot more merits than anyone posting in existing discussion. This will likely lead to people posting new threads which are duplicates from others in attempt to earn more merits.
People creating duplicate or useless threads in order to get Merits would not get any, because that is why this system is implemented. If the duplicate or spam threads start to get Merits then there is no use of the system as there is no restriction for anyone from any rank on creating threads. I think merit is an unofficial judgement where most of the people gives merit to those well-known campaign managers to make sure that those managers will include them in their next signature campaign . and how about those newbies and junior members who have quality post . are they eligible to rank up?
Hopefully in future the campaigns will require Extra Merit Points (Beside the ones already given for each rank on implementation of the system) to join along with the rank. And if that happens, there will be no use of Meriting well-known signature campaign managers to get into their campaigns if you yourself have none. About newbies and jr. members with high quality posts; you can already find them having Merits. My profile is an example of that. So yes, we can rank up if we deserve to, and if we don't, we won't. |
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I don't think it would be reasonable to put users on a monthly probation of earning a certain amount of Merits to stay within the rank, and get demoted if they fail. The Merit system itself is good enough to control the ranks and promotions where you can't get promoted unless you acquire a certain amount of Merits, no matter how much time you spend on the forum. However, de-ranking old users sounds to be a really interesting idea to me. And I think, it would be even better to de-rank users according to the Merits they have earned until now. I mean, if a Hero member is to be de-ranked, and he has 600+ Merits (100+ gained after the Merit distribution) by the time, he should be de-ranked to Full member, as we know that 100 Merits are required to reach Full member rank. All members should be de-ranked accordingly. And from that point, everyone will need to put equal efforts to reach a higher rank. Hence, there will be no one spared by the effects of Merit system. P.S: satoshi should be excluded from the list of users to be de-ranked.  |
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I think the spread of FUDs is the biggest problem for new investors. A person who wants to join an industry as an investor would probably want no flaws in it, and finding some would surely make him lose confidence a bit, or a lot in some cases. FUDs about cryptocurrencies do the same to new investors. They find a lot of negative news revolving around the whole crypto community, demonstrating a totally falsified form of cryptocurrencies. The investors start thinking that maybe they are getting into something they shouldn't, and that probably is a problem in my opinion for people willing to invest in cryptocurrencies. In order to help new crypto investors, we need to come together to create a place for them to trust the information they are reading and the people they are getting it from.
This forum is all about that. We don't need to make any other place to do the same thing that is being done in this forum already. They just need to find it in order to get the genuine information about every aspect of cryptocurrencies. The information gained from this forum has never been different from what the reality is, and if there are any that are not totally true, they are corrected by others in the forum having more knowledge about that thing. |
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