Many claim that bitcoin will be worthless and gold, guns, and ammunition will be very valuable. On the other hand it has been claimed that bitcoin requires very little infrastructure and would work much better than other things. If bitcoin is truly a store of value, then it should store value especially in unfavorable circumstances.
I think it will be food and water and maybe even air that would be valuable in such an apocalyptic and world-changing cataclysm. I don't know what gold will be playing in such a scenario...or any other investment tools they will all be worthless. Yes, maybe guns and ammunition can be important. These things are actually always in the mind of the people categorized as preppers (a person who believes a catastrophic disaster or emergency is likely to occur in the future and makes active preparations for it, typically by stockpiling food, ammunition, and other supplies). At least if any gloomy scenario can occur, the debate on who and where is Satoshi Nakamoto will officially be stopped and all the bickering and disagreements within and without this industry will finally be forgotten. However, I will really miss this forum. |
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That's certainly true, mate. Old generations would find it difficult to adopt Bitcoin for daily use. They're not widely familiar with technological stuff, unlike millennials. Since old generations are used to paper money, they tend to trust it more than anything else. In terms of ease of use, traditional payment processors are still much easier to use than Bitcoin. But, this will change over time as developers continue to improve the user experience of Bitcoin wallets. Within a few years from now, it'll be easier to send/receive Bitcoin without any technical knowledge involved. Given that nowadays there is some technical knowledge required to perform multisig transactions, and more, Bitcoin is still "Nerd Money" to most people in the mainstream world. Nonetheless, the perception of Bitcoin as "Nerd Money" greatly depends on the person itself. Some people will find it easy to use, while others will have a hard time understanding it. Education is key here, in order to help drive Bitcoin towards mainstream adoption. Just my opinion  There is a learning curve with cryptocurrency and people of older generations may have a hard time understanding how this new thing works -- hell there are even many of them who don't have the basic model of a cellphone yet. This is the reason why I don't believe that bitcoin will be the global currency and that we can eliminate fiat money not unless a global decree will force people to use it. of course, governments will not allow that to happen. The term "nerd money" perception can be true with population who are not updated with things new and bitcoin is one of the many modern innovations that many people don't know of and don't care. But I believe that we are slowly getting into the time when bitcoin will be known as the new people's money. |
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Energy use, CO2 footprint... those are issues for which you should not be ask the consumer to handle (you won't get useful results).
Why don't you ask Las Vegas stop wasting electricity? Why don't you convince USA or China stop the coal based industries? Bitcoin mining goes mostly of hidro and solar electricity. And this makes it much cleaner than some wants to make you believe. So back to the start. It's not an issue, so no solution is needed. At least not yet.
Yes, it should be clear for all to understand that all industries are consuming electricity even the religious organizations do. And of course, there are wastes in every industry and the big incentive why we have to continually look for more efficient technology (or mining equipment on this regard) is all about money or economy. |
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Yup the last words from OP i agree, scammer always happen no matter on crypto or fiat. Everything connected with money, scammer will be there.
I strongly agree with it no matter what it is as long as it have a value scammers would always be there, Scam has been around for so long even back when we are still using gold as currency or to pay for everything. You could see some from the old movies that scams has always been around as long as they could use anything that have a value. Agreed. Even before the creation of Bitcoin, the scammers were fooling people and stealing their money. Bitcoin is an attractive medium for the scammers, because it can be extremely hard to track these criminals once they vanish with someone else's coins. It can be especially hard, if they moves the coins from one country to the other. Scams have been following humanity and our history is filled with so many colorful and dreadful scams even sometimes perpetrated by famous personalities against unsuspecting ordinary people. Now, with the coming of cryptocurrency, scammers realized that they can magnify their business so well and there are more chances of not being caught. Today, scammers can be so creative on how they can fool people by appealing to their greed and using money or high potential ROI as bait. This is the big reason why ICO is no more attractive and why IEO seems to be taking its place. |
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In my country Bitcoin adoption is still very poor and many people are still not familiar with it. I could say that is still depending on not very big number of enthusiasts and very few businesses that accepted Bitcoin. I think that some better promotion is needed as well as education of people. Also, government and regulatory institutions didn't defined their attitude towards Bitcoin and cryptocurrencies in general so that is also a problem.
The presence of a sizable enthusiastic community must be so critical plus there should be fintech companies who are willing to stake their presence on the market. These are two important factors why there can be a healthy level of bitcoin awareness and adoption. Usually, fintech companies are doing the promotions so they can attract more business and revenues. Adoption is not an easy task especially if the government is not so willing to recognize the industry. |
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It may take a long discussion till we see real world decentralization in stock market but we have been seeing BTC on FOREX and NASDAQ which we can now consider BTC is accepted investment. A long discussions for Financial Regulations and law and then SEC which had been delaying everything but once finalize I think it can happen faster. There are projects/platforms that will tokenize businesses/companies in stockmarket and probably even those in DOW, I guess they can use the platform if there really is a plan to make stock market decentralize.
This can, of course, take time because there is no magic bean here. There are many factors that have to be consider first before we can go full blast with decentralization and with the weaknesses of human nature we don\t want this to be abused so we should take one step at a time to make sure that at the right time everything can be all ready. |
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Is it another reason to visit a Paris? And I'm really interested how does the code looks like. If you have the time, and if you could afford it, then why not? I personally would definitely go if only I could afford it, just to admire his art. Pascal Boyart has been creating some fine art for some time already I think, and what's better is, some are bitcoin related! Just so if you don't know, he's also the one who made the portraits made of dollar bills(Szabo, Dorian, Finney):  You can check out his portfolio here: https://www.pboy-art.com/galerieI read this news somewhere online and I admire the gift that Pascal Boyart's hands in creating art beyond compare. And what is amazing is that he is a great and popular cryptocurrency supporter. How I wish I can be at Paris tomorrow so that I can personally enjoy his works and maybe take a chance to decode the bitcoin too. |
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How about Bitcoin users? They belong in which group? I know you are just trolling here, but please give some good arguments before the conclusion. How can you judge the IQ from a population only from a small sample, i.e., a small group of forum users with their irrational price predictions?
OP just based his conclusion on his IQ or intelligence, of course. And we have to extend that understand to him. Trolling is a good thing to do when you are probably bored and just want to have fun and at the same promote your own site. Judging people just because of one thing they did or do or even will do is a myopic way of looking at individuals. Just because one is involved with bitcoin does not mean we can judge already that person because for all you know the person has so many interests and leanings in life and bitcoin is just a small fraction of what he is into. |
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Ask yourself the question, why is all that accountability important to them? Is it in their main interest to show everyone what they are doing and how they are spending your tax money? A lot of these governments are corrupt to the core and they do not want transparency and efficiency, so this would not be a priority concern for them.  Yes, as citizens we would like it if they were totally transparent and it would be nice if we knew where our tax money are going and how it was spend, but that is just a pipe dream. They might use some "private" Blockchain technology to create a smoke screen that they are using it to the benefit of their voters, but it would be controlled by them. <So-called GovCoins>  Transparency and accountability are two important issues during elections but after that period people in the government don't care too much not unless there will be someone who is truly very popular leader that will impose the use of the blockchain in the way he/she is governing but this is just a pipe dream for now...but then who knows decades from now this can be a big reality. In the first place, the government has not yet considered the blockchain technology as a mature and so this is still very experimental for the meantime. |
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Proof of authentication Bitcointalk Username: CryptoBry Telegram Username: @BlockZeen Twitter Username: @theBitme Facebook Link : https://www.facebook.com/cryptoworld123TTN Wallet Address : JQ1zYzYAkUZ357pQQQsVHRSvkx7kPwr6qE |
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~snip~
C’mon you lawmaker morons, money laundering has been around for a long time before Bitcoin was born, and you guys ruled out that owning cryptocurrencies is a crime?
~snip~
Lawmakers work for the government and government don't want their citizen become free from their hand. If banks lose control over the finance then government lose control over it's citizen. So, it's easy math. Ban crypto. Anyway, I think Indian government gone too far. The proposal is quite harsh as it puts owning cryptocurrency to the level of an illegal drug dealer which can be unfortunate to say the least. On the other hand, it is just a pipe dream to say that one day banks will be gone or that the control of the country's financial system can be taken from the government IF bitcoin or cryptocurrency is allowed. What is happening in Japan right now is a testament that this is not the case...not unless you can program all people like robot to act and think unitedly which is impossible in today's world where people are always looking for options. Cryptocurrency however will continue to work side by side with that of the traditional financial system. |
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This draconian harsh law that can severely penalized people who are into cryptocurrency is still in the proposal stage and the way I am seeing it is that this may have a less chance of making it. Putting cryptocurrency ownership almost equal to that of possessing and distributing illegal narcotics is to me so irrational and uncalled-for. I am wishing that this move can galvanize the cryptocurrency community in India so they can unite and present a one big voice against this very unnecessary move.
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Still though, even if atomic swaps don't succeed in taking over centralized exchanges, they'll be a nice alternative for anyone who's looking for a quick and easy process to exchange one crypto to another without the intervention of a middleman.
Centralized exchanges are getting to be more powerful these days and I dread to think of the time that they can be running the whole cryptocurrency show on their own. The coming of LN's Atomic Swaps can help check the growing influence of the centralized exchanges though we should be realistic in not expecting that this can put those exchanges out from the center of the action. This can therefore be existing alongside with the exchanges and a great option for all bitcoin lovers all over the world. |
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"Keiser was similarly dismissive of the banking sector. Despite a raft of centralized altcoins appearing in recent times, their underlying one-dimensional status would ultimately fail to refocus consumer attention away from decentralized competitors. Banksters know now they can’t stop (Bitcoin). What they’ll try is a bear hug. They’ll try to crowd BTC out of the market by flooding the globe with their centralized crypto,” he added. The idea is to try and marginalize BTC. Fortunately, their own corruption will kill them." Source. Max Keiser is former Wall Street trader and host of the Keiser Report. Do you share the same views with the man on bitcoin and its relationship with bitcoin (or maybe vice-versa)? |
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The information is very interesting to read, I am very interested to know if who is the real Satoshi Nakamoto but in the end there is no exact name that were given.
But I am still happy that they have revealed that Satoshi Nakamoto is a British Asian, Science Alumni and was born in 1975. So in my opinion, Satoshi Nakamoto is still alive but I am wondering why he/she didn't reveal himself until now. Is it part of his/her plan, to make sure that the price of bitcoin will continue to rise. I will be looking forward to the future details and hoping that we can have his/her picture and real identity.
Thanks for the feedback and glad you enjoyed the read. Satoshi is still alive and his reason for staying anonymous is to do purely with safety (pre-Bitcoin). So it is very unlikely he will reveal his identity anytime soon. Also based on the research Satoshi did exactly as he stated and moved on to bigger things and has not touched Bitcoin since 2011. Some interesting follow-up info (not identity related) is being researched which may yield some valuable information for the community. how do you know Satoshi is still alive? Well, so far, no one can ascertain of the man named Satoshi Nakamoto is still alive somewhere just hiding underground or maybe if he already dead and therefore has no more chance to interact with us in anyway except if he can send us his ghost (kidding!). Maybe the assumption that Satoshi is still alive is just because nobody can gauged that he is already dead. Me, am looking forward for the time when someone can touch and move some of the bitcoin that the man owned. |
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Starbucks has already received payments using bitcoin, this shows that bitcoin will someday be used as an international payment system because it will be very easy and efficient if we use bitcoin as a payment tool when we transact with someone abroad who will consume lots of time and transaction costs.
Yes, Starbucks and other big shops are accepting bitcoin but it is not straight bitcoin. It is through a third party app named SpedN built by startup Flexa. I do not think there is a common enterprise that is accepting bitcoin right now. That is a lot better than not accepting any cryptocurrency at all. I think it is more convenient for establishments to be accepting bitcoin with the help of third-party app as there can be a mechanism that can protect them from volatility and I guess this can be less headaches on their part. |
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Are you from United States? I think it's hard to stop the growth of Bitcoin. The government can do anything they want but they can not stop people using it. How are they gonna trace someone who will use TOR/VPN. I think there are 5 to 7 countries who are publicly unfortunate to get the benefit of cryptocurrency. Sooner or later they will change their mind.
No, am not based in USA but somewhere in Asia where adoption seems to be more exciting though we still have China and few smaller countries adamant in their strong negative stand on bitcoin...though of course in China if one has the money there are many ways to own bitcoin. Only time can tell if these countries will eventually put forward a compromise formula so they can open their respective markets to cryptocurrency. Here in my country bitcoin is very well accepted and we can spend our bitcoins freely,we can buy cellphone load recharge,gaming pins,paybills,cashout to banks and many remitance centers.Bitcoin usage here in my country is pretty good,you can spend your bitcoin on the main things you need daily.
Well, yeah, I know what you mean. And we should be thankful to be situated in a country not closing its doors to financial innovations even if there were some money scams which utilized bitcoin as the mode of payment. |
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Considering how many Bitcoin believers (maximalists) there are, with their specific beliefs of how cryptocurrency should behave, it's becoming more evident that Bitcoin is a religion. After all, this popular movement of decentralized finance has impacted our lives one way or the other. The world has its eyes on the direction of Bitcoin as a digital currency which determines the path forward of Blockchain technology. According to Google, the term "Religion" means the belief in and worship of a superhuman controlling power, especially a personal God or gods. This becomes true especially when many Bitcoin followers believe that Satoshi is some sort of "god". Hence, if Satoshi would reveal himself to the public, many people will follow him. Nonetheless, what are your thoughts about this?  We might say that we do follow satoshi due to his innovative invention but we wont really come to a point on where we do already treat its as a religion. Its a different story comparing between religion and simply a community that do support Bitcoin.Theres no divine intervention on this matter so I don't see any relation at all. In the strictest sense of the word, bitcoin or being a part of the world of cryptocurrency can never be considered or be compared to that of following a deity or a God. Yes, of course, there can be some similarities of expression of human emotions like fanaticism, loyalty, positivism, joyfulness but those are not exclusively expressed on to something but generally on anything in our human experiences. Nobody is treating bitcoin as a god even if there are certainly many people who seems to be guided by money all their lives. |
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This is for members outside of the United States of America since things going in that country are all on the news but for those countries who are usually outside the radar of the mainstream media, I would like to get updates which can be good and bad, favorable and unfavorable with bitcoin. Here in my country, we have no problem with the government as regulatory bodies are not hindering the growth of cryptocurrency and in fact we have many more exchanges already approved and they can start doing business in 2020. Reading the news in other countries, I am feeling lucky to be a resident here.
What about in your own native land...how's bitcoin adoption been going on? Is there a bright future in there or maybe is it facing a gloomy and cloudy prospect? Let's talk...
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But the best thing to do is just to ignore that and don't bother at all. Real Satoshi will continue to hide the true identity and that is his full right to do.
People here think the best thing to do is to chase down satoshi and expose him. It's frustrating how ignorant people are. I don't blame satoshi for leaving, because let's be honest, who wants to be in this mess of a community? Bitcoin's communities are the most toxic of all communities in crypto. You don't find any coin with a community as toxic and hateful. This is doing actual harm to the adoption we all want to see take place sooner than later. It started as one mission back in 2010 and now we're split up and try to combat each other instead of the government and banks. Governments and banks must be laughing hard at how things go here. Indeed, we have become our own number one and most virile enemy instead of uniting against established institutions out to get back the newly found freedom we have in cryptocurrency. Sadly, the toxicity of the community is spilling to the open pit and even magnified by the mainstream media. This is never what the man whom we are always looking -- Satoshi Nakamoto -- had been dreaming of. Since Satoshi decided to go underground, we have to respect that and let him have the space he wanted to get for himself and maybe for his family. |
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