Bitcoin has come along way we have seen massive adoption and so many videos, news, and articles about websites and many people have invested and are now using Bitcoin do you think after ten years majority of people around the world have heard or read Bitcoin one time or another?
These are the top countries trading cryptocurrencies and the governments of these countries have been particularly interested in regulating cryptocurrencies: United States of America, Uited Kingdom, China, Japan, South Korea, Australia, India and Canada. Research produced by University of Cambridge estimates that in 2017, there were 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin. |
|
|
|
Is the service and profitability, even if bitcoin is highly volatile, are the only two reasons why bitcoin is attractive to investors? Any good opinions or answers? Thanks
Each bitcoin wallet transaction is signed by an authentic digital signature before it is sent to a blockchain. This complete process makes the app a safe place for storing and exchanging cryptocurrencies. With bitcoins, there’s basically zero risks of inflation. Inflation usually occurs when the Government issues more money over the year, decreasing the purchasing power of the people, on the whole. Transaction fees for bitcoin payments are significantly lower in comparison to the ones made for credit and debit card purchases. Bitcoins make it possible for buyers to complete their payments without divulging any sensitive financial information to the seller. |
|
|
|
We have been through a rough ride but what's next for bitcoin ? It has survived some brutal sanctions which were implemented by regulators but still manages to flourish (sustain), but don't you think bitcoin can earn more reputation by doing something good for the community like donating for environment cause, could pledge to help Amazon rainforest to recover from the recent disaster which will create more bitcoin sympathizers. Don't you think bitcoin community needs to focus on world affair so that we can be a part of mainstream and recognized by people ?
All need is some group people who are physically approach some of these organizations and introduce the concept of cryptocurrency to them, if we can get some organizations to adapt cryptocurrency and start accepting it as payment, then it will go a long way. The entire bitcoin community needs to focus on how we can help make Bitcoin recognized by people to use it as a payment option for all kinda transactions both online and offline. |
|
|
|
Today, while I was surfing through the forum, I came across a post in which someone complained about bitcointalk.org not loading in Turkey. Under his post were several replies that explained that the site happens to be blocked by some internet service providers (which is sad). A few days ago, I made a post in which I asked "What have you done to promote the Blockchain technology & cryptocurrencies?". I went through several replies which were pleasing and supportive to the Blockchain technology. Amongst them, someone said that he wore bitcoin shirts around (an ideology I really admire). Another said that he created a facebook page (also interesting). Just recently, I saw a complain from someone in my country. According to the screenshot which contained a mail from his bank, it said that his bank account has been frozen because they found out that it has something to do with virtual trading (cryptocurrency). Not only was I surprised, I was provoked. You know, one of my plans was to buy numerous Bitcoin and Ethereum polo shirt and wear them (to help promote). However, as it stands right now, I'm afraid I can't do that because I could be held as a user of cryptocurrency. Though this isn't any easy, I'll still keep trying what I can to spread the word. The Blockchain technology gospel must be heard!!! Still, there are many countries that prohibit cryptocurrenic activity. Because some people still considers crypto negative for life. Those who think so clearly need education. The point is fiat money is also being used in illegal activities. Gambling, buying illegal products etc, so why are cryptocurrencies are being illegalized, cryptos are not an illegal object and it is just a money that we need in our daily lives. |
|
|
|
Exacly what is the Reason bull run have not started yet?
There is allready good things happening Bakkt, Binance, bitmex large volumes and so...
Still that all its not enough?
Volatility is the reason why the market goes up and down from time to time and even though we think that it's already a bull run there's still something that stops it. This will take time and it won't come to an instant but for the past decade look on how it grew. Whales had nothing to do with the market, it is just the weak-handed dumping their Bitcoin instead of hodling. |
|
|
|
I reckon many people have seen the latest “Smile-to-Pay” facial payment technology that are introduced in China. Large companies like, Tencent is using this in their popular WeChat app and other companies like Alipay are spending millions to develop their own technology like this. https://www.theguardian.com/world/2019/sep/04/smile-to-pay-chinese-shoppers-turn-to-facial-payment-technologySo, do you think this is a truly revolutionary payment option or is this just an extension of the Chinese surveillance goals? Now, you cannot deny that you made a payment or that you were involved in a payment, because every face is unique. Will the millions of people in China blindly adopt this technology, because these platforms are widely used already or will they opt for something a bit more anonymous like Bitcoin? <The Chinese people are very disciplined, so I think they would just bend the knee again and go for facial recognition.> The convenience is also a big factor, just imagine leaving your home to go shopping without a wallet or anything to remember... you just take a product or pay for a service by looking into a camera and you pay with your face.  Let's discuss. Smile-to-Pay: Chinese Shoppers Turn to Facial Payment Technology. China is embracing facial payment technology, which allows consumers to purchase goods simply by posing in front of point-of-sale (POS) machines equipped with cameras after linking an image of their face to a digital payment system or bank account. For me, since you can copy a face of a person by prosthetic and make ups, I think it would turn into a disaster or much bigger problem since it only recognize the face of a person and today it is easily copy a face of a person. |
|
|
|
What do you think Bitcoins biggest vulnerability is?
Researchers recently identified vulnerabilities in cryptographic signatures for Bitcoin, Ethereum, and Ripple, that allowed attackers to calculate private keys and, consequently, steal any crypto in that wallet. Vulnerabilities only occur in edge cases where code is not implemented by developers properly, or likely occurred because of faulty multi-signature hardware. The research emphasizes the resiliency of the cryptographic schemes used by cryptocurrencies, as well as highlights the importance of proper implementation (Mitchell Moos, 2019). |
|
|
|
you guys know that the whole thing is called cryptocurrency and it comes from cryptography in a sense
so if someone that creates crypto software- what makes you think he uses his real name to sign something
i mean has anyone ever tried to decrypt the name Satoshi Nakamoto?
also another fact is - the 2 persons that did the pizza transaction are virtually nonexistent aswell, or has anyone ever met those 2 guys, just asking
So that leaves you with cryptocurrency invented by a name that might be encrypted aswell and the first transaction has been done by 2 persons that don't even exist
why dont you keep diggin folks?
Satoshi Nakamoto is the name used by the pseudonymous person or persons who developed bitcoin, authored the bitcoin white paper, and created and deployed bitcoin's original reference implementation. When Satoshi Nakamoto built Bitcoin, design choices were made that effectively limits the number of Bitcoins that will ever exist to (roughly) 21 million. There is a Japanese American man living in California by the name Dorian Prentice Satoshi Nakamoto, but he was born just Satoshi Nakamoto. He was trained as a physicist, but has claimed that he is “no longer involved [with bitcoin].” Hence, if he wants to expose himself in public, then he could just entitle himself in public, so I think he wants a peaceful and private life so, I think we need to stop asking and searching who Satoshi really is. |
|
|
|
As per the latest, Google has reached Quantum Supremacy. Meaning it could potentially decode an entire blockchain and... YOUR PRIVATE KEYS... Blockchains are secured through elliptic curve cryptography (ECC), just like encrypted user data and website traffic. Now the issue is that ECC is NOT "quantum-safe" meaning that a quantum computer could theoretically decrypt a user's private keys and forge transaction signatures. Is this the end of Crypto? I don't think so, but I'd love to hear your opinions too! (Especially the opinion of a cryptographer) source https://www.coindesk.com/what-googles-quantum-supremacy-means-for-the-future-of-cryptocurrencyHumanity currently does not have any technology necessary to create a quantum computer large enough to attack Bitcoin keys. It is not known how quickly this technology will advance; however, cryptography standards such as ECRYPT II tend to say that Bitcoin's 256-bit ECDSA keys are secure until at least 2030-2040. Blockchain companies: IBM, Google and a number of other technology giants are the current movers in developing quantum computing. It is likely that they will not enable users of quantum computing to crack bank-encryption or blockchain. “To do so is illegal and would destroy those companies, by 2025, up to 10 percent of the global gross domestic product will probably be stored in blockchains. Quantum computing is a threat to technology blockchain because it increases the fundamental security assumption of elliptical curve cryptography, namely that computers cannot effectively factor large numbers. |
|
|
|
Are there Bitcoiners in Hong Kong? How is the situation over there? I believe it should be Bitcoin's time, and help protesters in collecting donations, and help move value in Bitcoin.
Hong Kong has been engulfed in a series of protests as tensions over its relationship with Mainland China have been inflamed by recent proposed extradition legislation to the Mainland. Cryptocurrencies and Bitcoin were built to address several of the most pressing points in the Hong Kong protests, which are at the forefront of what it means to protest against a state equipped with all of the sophisticated technologies of the 21st century and the unrestrained ability to weaponize those capabilities against its citizenry. Many cryptocurrencies are moving towards enabling transactional anonymity, and a host of tools exist to make it easier to anonymize transactions. |
|
|
|
I see a lot of topics talking about why bitcoin did this or that. Sometimes there are clear indicators as of why but many times it simply happens. Coincidence, trading bots and simple TA can affect the price and create a snowball effect easily.
Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why, bots will follow and so on.
I am not agreeing with there is no reason for a bitcoin to went down or up, because there are lots of reasons and factors why a bitcoin bumped up or down. Example is the Law of supply and demand which is being used as a factor in different economic profession. The law of demand states that as the price of a good decreases, the quantity demanded of that good increases. In other words, the law of demand states that the demand curve, as a function of price and quantity, is always downward sloping. |
|
|
|
Is Blockchain equal Bitcoin?
Bitcoin is a crypto currency while the Bitcoin blockchain (example of blockchain) in it's simplest form is a database or ledger comprised of Bitcoin transaction records. However, because this database is distributed across a peer-to-peer network and is without a central authority, network participants must agree on the validity of transactions before they can be recorded.A block in a blockchain is a collection of data. The data is added to the block in blockchain, by connecting it with other blocks in chronological others creating achain of blocks linked together. |
|
|
|
One of the most important feature of cryptocurrency is its being irreversible. One the coin is sent, the only way for it to be back to the sender is if the receiver will do the same thing in reverse. Now, in cases of hacks, scams and frauds, it means that you better forget what you already lost as there is no way for you to recover the lost coins. In other words, once you click the send button there is no turning back. I know that a lot of us are actually considering this a major advantage of Bitcoin or any cryptocurrency for that matter because unlike PayPal there can be no refund requests to happen. Therefore when you are a victim of a theft, expect no one to be able to help you in recovering the coins. As one author said it, the bitcoin genie cannot be put back into the blockchain bottle. I am wondering, can we not devise an effective and special technology that can be utilize in case of hacks or frauds? Given the advances of cryptocurrency and the blockchain we are experiencing right now, is it even possible? Bitcoin does not have a central authority that control its activities and it is an advantage and disadvantage to a bitcoin users in case coins are being hacked from user's desktop or mobile wallet, only way to get them back is to find hacker and take that coins from him, but it is too impossible.There is one simple way to reduce huge hacks on centralized exchanges to a bare minimum and that is, the use of combination of phone number, email address, authentication app and other security features for alerts and verification when withdrawals are initiated. This should be an extra security measure and optional. |
|
|
|
1. the main' value of bitcoin is it peer to peer and put out the middle man like banks/governmnets/paypal and bunch other from the chain,
and we can send and receive money directly... this kind of tech bring huge value to human kind relative* because everything is relative and peer to peer money(denetralized tech) have huge value compare to cenetralized money eco system.
2. bitcoin and other low supply crypto is store of value like gold and diamonds but have much more less supply, and compare to gold and diamonds which is must to convert to some other value(fiat cash) in order to buy clothes,cars,houses and other which mean the selling rate of gold and diamond always will grow in some sort of level because its store of value and not accepeted as cash anywhere...
selling rate == this is what make market movements in crypto , which mean if the selling rate is high so *x* lose value.
now bitcoin/crypto (low supply) its store of value like gold/diamonds and cash in the same time which mean soon the selling rate of crytpo will fall drastically because it will accepeted everywhere and people will not convert crypto to paper money they will buy directly and this kind of effect when the selling rate fall because of adaption its surge the price per coin without even demand grow, simple because selling rate fell
bitcoin/crypto == store of value + cash
...
Bitcoin has value due to the same reason the paper and digital cash does – it's a handy form of money commonly accepted by people. It is used to transfer value and buy or sell things.To make money from it there are simple ways, like all other currencies around. Sell goods or services and get paid in Bitcoin has value due to the same reason the paper and digital cash does – it's a handy form of money commonly accepted by people. It is used to transfer value and buy or sell things. |
|
|
|
I'm buying ~500$ in Bitcoin every month with part of my salary. I have a stable job and my company is doing good. I'm wondering if it worth to take 20.000$ to buy 2 BTC now and pay the 500$ as loan installment instead of buying sats every month. I believe in the potential of Bitcoin to reach 50k in a couple years, but it wouldn't be possible to buy near half of BTC at the 500$ rate, so this would be something like an "advance". Hypothetically (but still possible in some probability), if BTC collapses and never recover from 8k, I would still be paying this loan for about 3 years but wouldn't starve or something like that, it would just sux for a while, since I still have another source of income. I know it's not the place to ask I will do whatever I think it's best, but if you were in my position, would you do it?
Don't ever invest in bitcoin using loan. Avoid the loan and just buy bitcoin using part of your side income. The risk of investing is still very high in this unpredictable market. When you will go for a loan, not only are you putting your self or collateral assets at a bigger risk but you are also going to pay back with interest.only invest what we could afford,It's better to just continue buying bitcoin every month rather than loaning. |
|
|
|
We all know the US gov rules, dictate to rest of the world.
So if they cornered the btc market, afterwards the btc price could only go up, factor with this a few btc friendly directives, and a massive coup would have been achieved.
What is the downside?
United State doesn't rule the world, it tries to influence things, but ultimately countries still do whatever they want. The government of the United State is concerned about security by terrorism, money laundering crimes. With bitcoin, criminals perform money laundering and buy weapons more conveniently and safely on in the black market which is hard to determined by the governmentt. Buying a billion worth of Bitcoins won't give you any power over the network or rule the world. |
|
|
|
There is just the one view because it's well known, that's the third one you posted. It was made by Satoshi Nakamoto and he split a few years later. He has posted once since then only saying he is not Dorian Nakamoto but he didn't provide a signed message so some don't believe it was truly him. His email was compromised since he stopped using it but that has changed nothing.
January 2009, the bitcoin network came into existence with Satoshi Nakamoto mining the genesis block of bitcoin (block number 0), which had a reward of 50 bitcoins.Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. In 2009, the price of bitcoin is only 0.08 dollars comparing to it's price today, we can say that the path of bitcoin in our world industry is unbelievable. |
|
|
|
Understand who controls the market you are investing or trading in, and you’ll have an advantage. Bitcoin is a free and open source market. Nobody owns it.
But does anyone control it?
Ask yourself this—
How are Bitcoins created?
Who is incentivised to create Bitcoin?
Between 2013 and the beginning of 2017, big money had been slowly moving in on Bitcoin. They saw its potential as a relatively rare asset and also the mechanism that made it work. Bitcoin is seen as having a value greater than the sum of its parts.
The price of Bitcoin is not the same as its value. Price is determined by the market in which it trades: by means of supply and demand. This is the same way the price of your secondhand car, a bag of apples in the supermarket, an ounce of gold and just about everything else is determined. Bitcoin pricing is influenced by factors such as: the supply of bitcoin and market demand for it, the number of competing cryptocurrencies, and the exchanges it trades on. |
|
|
|
|
Show Posts
I hope you like it! 
