Amph
Legendary
Offline
Activity: 3248
Merit: 1070
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July 09, 2015, 09:08:32 AM |
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I could hold money noone knows I have.
I think that's not always true for some people: when you own a public address, this address can be linked to websites etc that own more personal information about you. However, a solution for this is sending some money to an extra / new address no one knows of. From then it's just a gamble whether it's yours or not. I think the government is not happy with Bitcoin with regard to people "saving money" in Bitcoin than on bankaccounts (in order to prevent paying tax) . i don't find this to be a problem, you can change your address for every new site, and besides shop site, the other don't ask for your information, also even then they can't really prove you that those addresses are your, unless you sign them, like we do here on the forum
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bitcoin1992
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July 09, 2015, 03:00:03 PM |
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Nobody owns bitcoin. That's why it's so cool. No central authority controlling the system. Literally everyone has to play by the same rules.
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GeorgeFeb
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July 09, 2015, 03:12:03 PM |
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You can move great sums of money without problems, lol! Have to use the best exchanges which doesn't use freaking verification though, coz if Bitcoins are about privacy so fuck all those exchanges which are asking you to upload any documents!
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zeraTunerse
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July 09, 2015, 05:44:16 PM |
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You can move great sums of money without problems, lol! Have to use the best exchanges which doesn't use freaking verification though, coz if Bitcoins are about privacy so fuck all those exchanges which are asking you to upload any documents! Yes that is the best thing about the bitcoins. Getting rid of paper work is the best thing and time saving too. You don't have to disclose your identity as it is decentralised in nature and that is the reason people prefer it more as compare to fiat currency which involves high level paper work etc.
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foxbitcoin
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July 21, 2015, 12:53:30 AM |
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Knowing there never will be more than 21M bitcoins is enough for me. That is revolutionary and something like this never has existed before.
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nerFohanzo
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July 21, 2015, 07:13:42 PM |
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I like that it is decentralized and i think bitcoin is a future of currency, so i can hold my money noone no i have
Yes Decentralization is the first and foremost advantage of holding a bitcoin. And other thing I really like about the bitcoin is that it helps in getting rid of the banking system where you need to keep on wasting your time for depositing or withdrawing funds and also the best thing about the bitcoin is it is the most convinient way to transfer money online.
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prodigy8
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July 21, 2015, 07:29:47 PM |
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Well the confirmation time is not a bit problem, the platform itself how bitcoin works that is the most important thing and i love it.
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gripflierGO
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July 21, 2015, 09:50:51 PM |
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Well the confirmation time is not a bit problem, the platform itself how bitcoin works that is the most important thing and i love it.
Ya and the problem with confirmation is not at everytime. Sometimes it take a bit time for transaction to get confirmed but that is acceptable. For one reason we cannot blame the bitcoins as there are many other advantages of holding bitcoins mainly for online transfer and online shopping which is very fast and quick.
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xhoneyael
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July 21, 2015, 10:20:22 PM |
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Well the confirmation time is not a bit problem, the platform itself how bitcoin works that is the most important thing and i love it.
Ya and the problem with confirmation is not at everytime. Sometimes it take a bit time for transaction to get confirmed but that is acceptable. For one reason we cannot blame the bitcoins as there are many other advantages of holding bitcoins mainly for online transfer and online shopping which is very fast and quick. there are limit in every block transaction and every block is curently mined every 10 minutes.. block can only hold max of 4200 transaction..in short blockchain can only hold up to 4200 transaction every 10 minutes as of now..
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bitcart
Member
Offline
Activity: 94
Merit: 10
www.bitcart.io
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July 21, 2015, 10:58:24 PM |
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It's speed.
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www.bitcart.ioBitcart - spend bitcoins online and save! Buy Amazon gift cards with bitcoin and save up to 20% off
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umaOuma
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July 21, 2015, 11:57:56 PM |
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Well the confirmation time is not a bit problem, the platform itself how bitcoin works that is the most important thing and i love it.
Ya and the problem with confirmation is not at everytime. Sometimes it take a bit time for transaction to get confirmed but that is acceptable. For one reason we cannot blame the bitcoins as there are many other advantages of holding bitcoins mainly for online transfer and online shopping which is very fast and quick. That is true and with the speed that it works in transferring furnds online is the major attraction for me. As I am working abroad I need to send money to my home So I send in the form of bitcoins and it hardly takes 5 to 10 minutes to get credited in the bank account and that is the best thing I like about bitcoin.
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pureelite
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July 22, 2015, 12:14:23 AM |
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for me Bitcoin allows me to hold some saving out of the banking system and the hands of the government.
I especially like that you can do everything on the computer to do, I do not have anywhere to go and get tired, I just need a computer and internet connection and can earn over the internet. Bitcoin is a very good thing, and I think it will only be practiced by other people, and in other parts of the world.
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dollarneed
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July 22, 2015, 01:38:31 AM |
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the first thing that i like bitcoin is its anonimity i love bitcoin so much i should not verified my identity for transaction just created blockchain account and started to transaction with it,its simple i just need conection internet to transaction with bitcoin everywhere around the world. And the second i can earn much money from internet and its so much more than dollars which i was looking on internet,bitcoin helping my life
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Patatas
Legendary
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Activity: 1750
Merit: 1115
Providing AI/ChatGpt Services - PM!
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July 22, 2015, 03:16:16 AM |
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For me it's very convenient, you don't have to provide any papers and documents just to have an account unlike banking It's also a cheaper and easier way to send money abroad, less fees and faster transaction.
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ahmedjamal1998
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July 22, 2015, 03:21:31 AM |
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I simply like two things. 1- Privacy 2- No banks hold it so no crisis would ever hit (like the one happened in GREECE )
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pooya87
Legendary
Offline
Activity: 3654
Merit: 11103
Crypto Swap Exchange
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July 22, 2015, 05:57:32 AM |
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I could hold money noone knows I have.
I think that's not always true for some people: when you own a public address, this address can be linked to websites etc that own more personal information about you. However, a solution for this is sending some money to an extra / new address no one knows of. From then it's just a gamble whether it's yours or not. I think the government is not happy with Bitcoin with regard to people "saving money" in Bitcoin than on bankaccounts (in order to prevent paying tax) . you can always use mixing services to hide your tracks and don't let anybody know how much bitcoin "in total" you own. and also when buying bitcoin you can do it off the exchanger like person to person with cash or in some cases you can do it using localbitcoins. that way your bank won't have any record of you buying / investing in bitcoin.
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Derrike
Member
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Activity: 84
Merit: 10
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July 22, 2015, 06:49:30 AM |
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According to me that it is digital and we don't need the banks to hold our money and we can also deposit on holidays
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notlist3d
Legendary
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Activity: 1456
Merit: 1000
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July 22, 2015, 06:52:53 AM |
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I like the community, there is not really another community like it. This site really is main place people hang out. But you end up with people from all over the world, working together.
I also really enjoy mining, so I am always doing some of that to.
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lorylore
Legendary
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Activity: 1470
Merit: 1002
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July 22, 2015, 12:16:22 PM |
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Fast and secure transactions and it's all done in the blockchain. And the transaction fee is usually very low or none. And bitcoin created this wonderful forum for us to talk about our investments. Bitcoin will be the future of currency, if not btc, then it would be something the same that uses the blockchain as well.
Well comparing to other alt coins the bitcoin fee are very high. I know at the beginning when the bitcoin price was very low(it was very cheap) at that time the fee was near 0.00$ but now it costs some cents
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bytezero
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July 22, 2015, 07:42:37 PM |
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Send money instantly, anywhere, at any time Funds cannot be restricted or frozen No arbitrary limits or fees No unapproved charges No barriers to entry
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