Amial
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December 11, 2017, 05:54:56 PM |
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Money has been practically the same for hundreds of years, controlled at a centralized source, etc. Money is now entering an new era, acquiring new dimensions, becoming decentralized, and becoming smart  It will take a while for people to get used to this, but they will.... The criminals have got used to it very quickly indeed. That's what happens when you have no centralised control. You're referring to (private) bankers, right? The first use case is almost always criminal as institutions are slow to move and have pesky regulations, especially when it comes to finance. As with the internet, it will change very very quickly. Buckle up. |
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The block chain is the main innovation of Bitcoin. It is the
first distributed timestamping system.
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Bamel
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December 11, 2017, 05:55:29 PM |
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Money has been practically the same for hundreds of years, controlled at a centralized source, etc. Money is now entering an new era, acquiring new dimensions, becoming decentralized, and becoming smart It will take a while for people to get used to this, but they will.... The criminals have got used to it very quickly indeed. That's what happens when you have no centralised control. You're referring to (private) bankers, right? The first use case is almost always criminal as institutions are slow to move and have pesky regulations, especially when it comes to finance. As with the internet, it will change very very quickly. Buckle up. How people equate the current financial system as something trustworthy is beyond me! Cryptocurrency's decentralised mechanisms will allow the population to vote on it's future. |
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Rludd
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December 11, 2017, 05:55:55 PM |
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Money has been practically the same for hundreds of years, controlled at a centralized source, etc. Money is now entering an new era, acquiring new dimensions, becoming decentralized, and becoming smart It will take a while for people to get used to this, but they will.... The criminals have got used to it very quickly indeed. That's what happens when you have no centralised control. You're referring to (private) bankers, right? The first use case is almost always criminal as institutions are slow to move and have pesky regulations, especially when it comes to finance. As with the internet, it will change very very quickly. Buckle up. How people equate the current financial system as something trustworthy is beyond me! Cryptocurrency's decentralised mechanisms will allow the population to vote on it's future. No, and only an ideologically blinkered fool would think so. |
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Renr
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December 11, 2017, 05:56:16 PM |
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logical fallacy
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Usine
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December 11, 2017, 05:56:45 PM |
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logical fallacy
Sorry but the current system it totally open to criminals just as much as bitcoin. At least with bitcoin you can see every transaction on the ledger. |
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cryptonoob312
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December 11, 2017, 05:56:52 PM |
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I think it won't because it's to hard to understand for ordinary people and also there is no infrastructure for it like accepting in every store.
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Kesecer
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December 11, 2017, 05:57:08 PM |
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logical fallacy
Sorry but the current system it totally open to criminals just as much as bitcoin. At least with bitcoin you can see every transaction on the ledger. How, exactly? |
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Amial
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December 11, 2017, 05:57:30 PM |
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logical fallacy
Sorry but the current system it totally open to criminals just as much as bitcoin. At least with bitcoin you can see every transaction on the ledger. How, exactly? There’s a quaint idea going around of moving towards an environmentally sustainable, peaceful World supported by appropriate money, currency and finance systems. Complementary currencies could play an important role, if we weren’t so busy feeding greed. |
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kingsatosha
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December 11, 2017, 05:57:43 PM |
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Will we ever use Bitcoin for day by day use? Buy a bread, a phone, a car, an appartment? Or Bitcoin will more likely be a way of just storing value and we have to rely on altcoins to use them daily?
it.s a good time to buy oll cheep altcoins for 1 sat. some of them have total velue less 5 btc. |
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Bamel
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December 11, 2017, 05:57:58 PM |
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logical fallacy
Sorry but the current system it totally open to criminals just as much as bitcoin. At least with bitcoin you can see every transaction on the ledger. How, exactly? There’s a quaint idea going around of moving towards an environmentally sustainable, peaceful World supported by appropriate money, currency and finance systems. Complementary currencies could play an important role, if we weren’t so busy feeding greed. No. Judging by the lack of comments. |
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Rludd
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December 11, 2017, 05:58:19 PM |
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logical fallacy
Sorry but the current system it totally open to criminals just as much as bitcoin. At least with bitcoin you can see every transaction on the ledger. How, exactly? There’s a quaint idea going around of moving towards an environmentally sustainable, peaceful World supported by appropriate money, currency and finance systems. Complementary currencies could play an important role, if we weren’t so busy feeding greed. No. Judging by the lack of comments. inB4 someone says Tulips! |
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Vaskiy
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Tontogether | Save Smart & Win Big
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December 11, 2017, 05:58:41 PM |
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However high things get advanced, we won't be getting bitcoin mainstream. It'll always tend to be a technology to serve better than the banking network. Same as the altcoins serving to be the alternative to bitcoin, bitcoin serves as an alternative to the traditional system we follow.
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Stianyd
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December 11, 2017, 05:59:35 PM |
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However high things get advanced, we won't be getting bitcoin mainstream. It'll always tend to be a technology to serve better than the banking network. Same as the altcoins serving to be the alternative to bitcoin, bitcoin serves as an alternative to the traditional system we follow.
Oh dear. Perhaps we should ban cash? |
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Giric
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December 11, 2017, 05:59:59 PM |
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However high things get advanced, we won't be getting bitcoin mainstream. It'll always tend to be a technology to serve better than the banking network. Same as the altcoins serving to be the alternative to bitcoin, bitcoin serves as an alternative to the traditional system we follow.
Oh dear. Perhaps we should ban cash? Thank you for this wonderful suggestion, we will be implementing it soon. The Government. |
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Aneelal
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December 11, 2017, 06:00:43 PM |
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However high things get advanced, we won't be getting bitcoin mainstream. It'll always tend to be a technology to serve better than the banking network. Same as the altcoins serving to be the alternative to bitcoin, bitcoin serves as an alternative to the traditional system we follow.
Oh dear. Perhaps we should ban cash? Thank you for this wonderful suggestion, we will be implementing it soon. The Government. Automobiles should not be encouraged. They will only aid kidnappers and drug smugglers. Photographic cameras should not be encouraged. They will be used to create child porn. Electricity should not be encouraged. It aids fraudsters, murderers and rapists. |
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benalexis12
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December 11, 2017, 06:01:14 PM |
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Money has been practically the same for hundreds of years, controlled at a centralized source, etc. Money is now entering an new era, acquiring new dimensions, becoming decentralized, and becoming smart It will take a while for people to get used to this, but they will.... The criminals have got used to it very quickly indeed. That's what happens when you have no centralised control. You're referring to (private) bankers, right? The first use case is almost always criminal as institutions are slow to move and have pesky regulations, especially when it comes to finance. As with the internet, it will change very very quickly. Buckle up. How people equate the current financial system as something trustworthy is beyond me! Cryptocurrency's decentralised mechanisms will allow the population to vote on it's future. No, and only an ideologically blinkered fool would think so. It's like Email add industry way back then they develop how many years. and here comes bitcoin that will change the banking system and especially all the taxes and charge of fees |
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Lecam
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December 11, 2017, 06:01:29 PM |
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Will we ever use Bitcoin for day by day use? Buy a bread, a phone, a car, an appartment? Or Bitcoin will more likely be a way of just storing value and we have to rely on altcoins to use them daily?
I think we will in the future. Actually some countries are starting to invest and trust bitcoin, even some countries banks are starting to store their own bitcoin. However, some countries are banning bitcoin because they think it's an investment without security. Well, we will just see in the future if bitcoin will be used freely by people. |
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Irvinn
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December 11, 2017, 06:02:58 PM |
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Crypto currency is still only developing. In order for us to be able to make not only large purchases in bitkoyne, but also small household purchases, there must be a certain legal and technical basis for this. This is not yet at our proper level. In addition, recently, most bitkoyna accumulated a lot of problems with the bandwidth of its transaction and their high cost. These problems seem to be solved after the launch of the "lightning" project. Therefore, we can say that we are going to the fact that after a certain time we will really have bitkoyn, which can be paid for small household purchases.
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Rludd
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December 11, 2017, 06:04:33 PM |
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Bitcoin is slow to transact, energy intensive and if you lose it, you really lose it. You can't just call the bank to get it back.
It is, at the same time, intriguing and a very intelligent design. Nonetheless, it carries the seeds of its own destruction.
If you don't already know, bitcoin is 'produced' by vast data-centres, consuming on aggregate the same energy as the whole of Ireland. And that's with a current minuscule market cap.
Sustainable? Naah...
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Bamel
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December 11, 2017, 06:04:57 PM |
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Bitcoin is slow to transact, energy intensive and if you lose it, you really lose it. You can't just call the bank to get it back.
It is, at the same time, intriguing and a very intelligent design. Nonetheless, it carries the seeds of its own destruction.
If you don't already know, bitcoin is 'produced' by vast data-centres, consuming on aggregate the same energy as the whole of Ireland. And that's with a current minuscule market cap.
Sustainable? Naah...
Have you considered the vast number of data centres full of whirring computers it takes to run the very Internet we converse on? It's only 'worth it' if you consider it worthwhile. You simply don't consider bitcoin worthwhile. While others clearly think that Bitcoin has tremendous value with much more to come. Perhaps they are wrong, or are you missing something? |
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