Latest posts of: CarnagexD

Quote from: DooMAD on January 16, 2020, 07:36:45 PM

Quote from: buwaytress on January 12, 2020, 11:28:56 AM

As much as I find myself thrilled by Bitcoin, I could not, for example, 2 years ago explain why it was worth $20,000 when it was months ago not, when I valued it as much.

Nor can I explain how people are willing to buy supposedly rare items online that can possibly still be manufactured without anyone being able to tell the difference (I'm thinking diamonds here).

Which is why we ideally need to steer the conversation with the general public more towards the tangible benefits they can gain from actually using Bitcoin, rather than the fiat money they may or may not make speculating with it.

The only "reason" prices move like they do is that markets are fickle and traders are seemingly quite susceptible to hype and FOMO. It doesn't really make a lot of sense and it's certainly not very easy to explain to the uninitiated masses in simple terms.

Most people nowadays think of bitcoin as a get rich scheme. Which is definitely not true and much more, a toxic way to describe bitcoin. So we shouldn't capitalize on bitcoin's profitability when we are recommending its usage to people who are interested on it. They might get disappointed and in the end pull out their investments which will hurt bitcoin. Instead, focus on the benefits that bitcoin has like portability and lower transaction fees

Quote from: Edraket31 on January 19, 2020, 09:25:15 AM

Quote from: Greatchu on January 18, 2020, 07:50:30 AM

You need to do your homework mate, as per my own digging many stores accept bitcoin payment directly, even few ones said crypto payment only, some shop owners don't care about the volatility of bitcoin, they prefer to hold Wink

Let's not get provoked with what he said as we all know that when time comes that the market is good, there will be a lot of FUD, fake news that will spread around the crypto world, they will manipulate the price trying to bag more as much as they could, so let's not waste our time thinking too much about what they said.

I guess this person's a troll. He can't even support his argument. Only relying on things that are happening when it has been clear right from the start that bitcoin capitalizes on the future and not on the present. It takes care of what'll happen with the world's economy and the world's wealth circulation when the last fiat money get's discarded, not how many establishments accept bitcoin payments. Heck, only thing that's stopping bitcoin from being a bonafide coin is the fact that our current technology is insufficient from supporting it.

Quote from: Wipeout2097 on January 19, 2020, 02:43:50 PM

Not agreed,If you research it thoroughly will find BTC is decentralized and independent no one can control it.Frauds and scam everywhere even government is fail to stop the frauds but can minimize the frauds.

Bitcoin future is bright,still government and financial institutions against the BTC but rising rapidly and people switch to get in BTC. Main reason to get in BTC is financial freedom and its users are globally connected and make transaction independently.

People who think of bitcoin as a scam or as a ponzi scheme are those who know little about it really. Too much speculation without any evidence is really toxic. We can't really stop them from thinking that bitcoin is a scam but we can enlighten them at the very least of what bitcoin truly is and what it has in store for us. What they would do with the rest of the information is up to them.

Quote from: julius caesar on January 15, 2020, 04:23:10 PM

As of now, people are afraid on investing in altcoin since most of them does not have any chance to rise its price plus the fact that halving is about to happen. They are investing on the bitcoin instead of altcoin since halving is coming and they are going to try to gain profit into it. Sooner or later, they might be investing on altcoin again.

This pretty much is the case for the altcoin industry right now. Most of them are dead because either they ran away with their investor's money or they have been thought of as fraud incorrectly. But honestly, the thing that kills altcoins right now is their lack of vision. Most of these ICOs who put up these altcoin have on ultimate goal, that is to profit. They have to change that mindset or else altcoins are really gonna be dead.

Quote from: Asmonist on January 18, 2020, 03:02:12 PM

I think its a sign that a great potential or opportunity to make our own crypto coin is possible. But of course those celebrities are just very fortunate to have adequate funds for it. Money matters at its best value. Its all about how you utilize your assets and today bitcoin is one of the options in investments.

I don't see any point in us creating our new cryptocurrency if that's what you mean. Heck, I don't even see a point into talking about who's using bitcoin right now. As long as they support it and see it as a cryptocurrency more than its profitability, then bitcoin's on a good journey. Otherwise we can't really hope for bitcoin to be used more than an asset for people to gain profits with.

Quote from: TedMosby on January 18, 2020, 09:00:11 AM

Quote from: JessicaVL on January 16, 2020, 09:01:27 AM

Bitcoin is the future
We’ve taken a look at how Bitcoin will rise as EU cash payments fall, and the future is looking pretty exciting. As cash payments plummet around the world, but particularly in Europe, it makes more and more sense for us to accept the cryptocurrency as a valid and viable payment method. Bitcoin, the cryptocurrency with the largest market cap, really is the only crypto contender to replace cash in Europe.

Have you guys read this?
In this year, 25k retailers in france is ready to accept bitcoin payment.
https://coinrivet.com/why-france-could-see-a-bitcoin-boom-in-2020/

Quote

Among the top brands that will accept Bitcoin in France are many international names including Sephora, Foot Locker, Decathlon, Maison du Monde, Intersport, Norauto, Conforama, Cultura, and Boulanger.

So slowly but surely digital currencies are making their move into taking over what fiat can't do best. This is good news I must say, as this open doors for bitcoin as a bonafide cryptpcurrency that everyone can use with their everyday living and not just some form of asset they can take on to gain profits. This is beginning to take form it's all coming together if I do say so myself.

Quote from: chaoscoinz on January 17, 2020, 12:04:18 PM

Nobody really knows for sure, but there is one thing you can be sure of, there are quantum computers out there right now as we speak. The ones that we definitely know of are D-wave systems quantum computers, which are commercially available and has several big name clients who have purchased a computer from them. There's really nothing to worry about as far as quantum computers go because they are an infant technology and are limited to specific functions on;y, but the real trouble starts when they gain more general function, that's when you arrive at the realization that the existing encryption is on it's way out the door, old news, good bye.

There had been no real claims about the existence of quantum computers to date. If there is, we shouldn't even be stuck in this planet, most of the global problems we have right now would've been solved if there is a quantum computer out there. But even if there is, I don't see it big of a threat really, nobody would be able to gain access from a quantum computer unless you're a very important person.

Quote from: Artemis3 on January 13, 2020, 03:51:07 PM

Quote from: Dabs on November 25, 2019, 05:10:54 PM

To me, it doesn't make sense. Yet. I just don't understand how you can identify someone without knowing at least one detail about them. 2FA (time based) works on a secret and the current time, changing every 30 seconds.

Encryption, works on a key, whether that's a shared secret key, or a public/private keypair.

Yes, the only problem with that is when they steal your 2fa privkey at the time of creation, or when your device time isn't exactly in sync, or when the user loses the privkey (because GA was in the stolen phone, etc)...

To me 2fa is not an excuse to replace a solid good randomized password made with a decent password manager (not online sites, free open source software) that also uses a very good password running in a secure OS unlikely to have random malware of the week sniffing.

Passwordless solutions have always been defeated at some point, they are way too dangerous. You can do a "one time", and then go asymmetric like with SSH you add public server keys to your client and never input login passwords again, but only if your OS is secured.

And very likely some of the passwordless proposals include fingerprinting you to the point of uniqueness. What happens when THAT info falls into the wrong hands? Same as with KYC/AML.

The idea of an innovative way to secure and get a hold of your stuff is astounding, let alone variable keys. But I don't think the general public is ready to accept it just yet. Most of the people are fond of using password and keys that itself provides enough security to fend off unwanted people, it's just that the system supporting the program is the one that fails which let in unwanted people from the chart.

Quote from: julius caesar on January 17, 2020, 03:32:14 AM

No doubt that bitcoin will rise up among all coins. This is the main reason why all of the altcoin is dependent on the price movement of bitcoin. When the bitcoin price goes down, the prices of any other coins will for surely gonna go down. Plus the fact that it is trusted by all of the investors that makes it to become top 1 on market ranking.

Bitcoin has the potential to become the coin to surpass fiat in terms of usage. It's happening and more and more people are getting into it. But there is still possibility that bitcoin might someday be surpassed by a different coin so regardless if bitcoin will be the prevalent coin or only a predecessor, we are still on a very good ride towards a fiat-free world. Support bitcoin, support cryptocurrency

Quote from: Shasha80 on January 17, 2020, 02:48:32 PM

I have known cryptocurrency for about 4 years, it is enough time to know that most people invest with most of the assets
owned. Even to sell houses and cars that are owned to be able to buy bitcoin, there is even more terrible that is buying
bitcoin with money from bank loans. In my opinion something like that is so careless that it might make us poor. For me to
invest only using a maximum of 20% of all my finances. Because to succeed in the world of cryptocurrency always follow the
basic rules of investing money that we can afford to lose.

Or better yet, invest using your expendable money only. You can't invest your life savings on to something since that'll become gambling at that point. You gotta save something for yourself for when the winter comes. Especially with bitcoin where there is no guarantee what it's price will be in a day or two. In my observation it's the people who don't put everything on the line are the ones who really succeed in this world.

Quote from: diahsw on January 16, 2020, 11:19:24 PM

maybe it's a good idea, done in developed countries that support bitcoin, but for my country, it can't be done, because there isn't anything at all about bitcoin yet, and surely they don't understand what we're saying .. !!

One thing is that they are all reluctant to invest or to even accept bitcoin as a form of payment because of it's high volatility, this might not mean that they don't know about it. I mean, bitcoin's name is everywhere nowadays and it's hard to believe that anyone wouldn't have some form of surface level knowledge at the very least regarding bitcoin. So we just need to wait until bitcoin becomes a little stabler and people as well as merchants will come accepting it.

Quote from: asus09 on January 16, 2020, 04:09:39 PM

I only promoting bitcoin to other people brave faced with moment where some time bitcoin with lower price and never give advertising of bitcoin with some person is afraid faced bad moment when bitcoin down, I have faced with many people when promoting investment site and always make me fault because their investment have down and scam, only ready when getting profit but not have ready when price down or scam.

Wise enough. Truly bitcoin needs all the support and publicity it can get. It's already big we all know but it can still become something greater. We just need to be wise when it comes to promoting or advertising the use or investing on cryptocurrencies particularly bitcoins to ensure that it would not backfire to us or to bitcoin in the long run. Just some proper heads-up to people who are aspiring to become bitcoin investors.

Quote from: Hippocrypto on January 16, 2020, 10:49:39 AM

Quote from: mahilchii on January 15, 2020, 03:10:02 PM

We can predict so early as this might be the start of " bull run". A lot of coins are performing well which is great to see, I think this is a big opportunity to buy BTC and hodl for a while hopefully the next anticipated move can make a big change. Crypto is the future for sure guys there is no doubt on that make plans accordingly before worrying.

I haven't checked my blockfolio two days, maybe this time would be great to see green signals on each promising coins I got. Hopefully one of this days will be great and fruitfully gaining as well

These predictions show great possibility, but we all know better that bitcoin follows a specific pattern if anything. We can't really predict with bleeding-edge accuracy if this is already a bullish run or anything, but I would suggest we just continue with our investment since of all things that are uncertain, the halving surely guarantees that everyone of us will get a payoff after.

Quote from: Shasha80 on January 16, 2020, 03:07:23 AM

If we talk about ripple, surely everyone agrees that ripple is altcoins which has very good potential. That makes ripple more
strong if in my opinion because the ripple is a cryptocurrency that supports by bank. So from that no wonder the fundamental
ripple is very strong. It's true that ripple is the best choice for investment other than bitcoin. And I am very sure that ripple can
provide profit which is great if you buy it and hold it for long term.

Until we find out that ripple poses potentially even a greater of a risk than bitcoin itself. Compared to bitcoin Ripples whales are much more powerful and have the ability to cook up the price. Still XRP is a good coin if you're an investor that plans to hodl coins indefinitely. It has some nice features on it.

Quote from: Lauren Smith on January 15, 2020, 07:59:47 PM

It won't work. With satellite, you connect to the blockchain and not just the other device. You need contact with the blockchain t transmits the broadcast. Bluetooth will only allow you to connect to devices within its limited range. Likewise, wifi won't work either since you need a connection to the blockchain.

Building a technology that could support this is not a farfetched idea. So far we have made projects and programs otherwise thought to be impossible in the early times. I guess transferring bitcoin through bluetooth poses greater benefits than greater threats. But this still need more research, hoping there is a development team that could review this and conduct an in-depth study regarding bluetooth transfer to see if this will be a viable option.

Quote from: Debonaire217 on January 16, 2020, 01:11:27 PM

This is mainly because of profit, people tend to continue basing their decision to the conversion of bitcoin to dollar because it is easily could be seen if they could get profit out of it. And merely, to think of basing the BTC value only to BTC, I don't think much of adoption will take place from the start if that happens. Bitcoin will not impart interest from people because in the first place, it will not be an easy investment.

And mostly because bitcoin is used for investment. Most of the people who ask these questions are the ones that have invested money on bitcoin that is why they are skeptic and are worried about wht will happen to bitcoin's price. It's not bad that they are asking especially if they are new but it is indeed quite sad that bitcoin is mainly used for its profitability and not how it's supposed to be used in the first place.

Quote from: iv4n on January 15, 2020, 04:04:49 PM

Quote from: Polo7 on January 03, 2020, 02:00:59 PM

Coz Every electronic device need gold Gold is best metal for Electrical wires and small things.

The most highly conductive metals are silver, copper, and gold. Of course that gold is too expensive, but is it so better than silver? In the end is it matter which metal is the best conductor? It's just piece of metal that have some purpose, for which can be used some other metal as well. On other side blockchain technology is an idea, amazing invention that allows digital information to be distributed but not copied!
People are comparing bitcoin and gold since ever, but truth is that this two can't be compared.

This pretty much points that bitcoin and gold will have minimal effects between each other. In the first place bitcoin itself has a different investment environment from gold, and just because gold is used for construction of technological products it doesn't necessarily mean that it will pump along with an increase on bitcoin's price.

Quote from: btccashacc on January 15, 2020, 04:11:16 PM

Bitcoin is the simplest as a payment method but for a small transaction the cost or fee is extremely expensive comparing to another payment system such a PayPal. I think this is the reason why people still don't want to use it, there are so many options for payment method right now, bitcoin also is not accepted widely due to the popularity or government regulation, people in other countries can't use bitcoin for payment/currency it's against the law, so far fiat still the best choice for everyone whether using PayPal, debit card, etc.

Well particularly it is because of the high volatility rate of bitcoin. It could even be the reason as to why transaction fees are very high. Small merchants just wouldn't take the risk that high price fluctuation could cause them. This can be solved by bitcoin achieving a stable value. which by now is kind of farfetched, but still highly possible in the near future.

Quote from: rupola85 on January 15, 2020, 07:21:56 AM

I think so, in fact, holding bitcoin to make a profit in a very short time is of no use.
Those who have been holding Bitcoin for a long time have always been a good profit.
As the popularity and demand of Bitcoin grows, Its future is bright, it is going to be realized.
My prediction, Bitcoin is not limited to just being a medium of exchange one day Bitcoin will be used as a everyday currency like U.S. dollars.

Bitcoin in the first place was meant to surpass the fiat currency we have right now, so there's no question as to how bitcoin will take care of fiat. Nonetheless, bitcoin will still need our support to continue being operational up until technology allows bitcoin to become the currency it is supposed to be.

Quote from: coin_gambler on January 14, 2020, 03:45:32 PM

I don't think we'll ever turn to non-cash payment forms. Nonetheless, not in the foreseeable future. The percentage of using non-cash payment forms will increase, but there will be no disappearance of state cash. They will always be in demand, because in reality they are very easy, and are not dependent on any hardware, there can be no technological glitches, we are not dependent on anything, there is no control of the transaction. Sometimes cash is really useful

It's already happening. In most developed countries they tend to choose cashless, digital transactions that are much more convenient than going door-to-door. It's already in action. Society is more than ready to take on a cashless or more precise, a fiat-less world. Now the problem is, I don't think bitcoin or cryptocurrencies are ready just yet to face the public. That's why we're stuck with cashless transactions still primarily based in cash.