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mainconcept
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February 05, 2018, 08:26:52 AM
Last edit: February 05, 2018, 03:09:00 PM by mainconcept Merited by marlboroza (1) |
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User: sontoloyo177 https://bitcointalk.org/index.php?action=profile;u=1527860Post: https://bitcointalk.org/index.php?topic=140793.msg29381951#msg29381951Generally it can be said that inflation is a measure of a general increase of the price level in an economy, as represented typically by an inclusive price index, such as the Consumer Price Index in a nation. The term indicates many individual prices rising together rather than one or two isolated prices, such as the price of gas in an otherwise calm price environment. The inflation rate is typically expressed as an annual growth rate in prices (again, as measured by an index) even if measured over a shorter period of time. For example, if a radi o report states that "consumer prices rose at an inflation rate of six percent last quarter," that would typically mean than the Consumer Price Index for All Urban Consumers (the most quoted index) rose over the last three months at an annualized rate of around four percent, and the press would generally refer to the current inflation rate as around four percent. The term deflation refers to a general decline in prices or the price level as measured by an inclusive price index and, again, is not a reference to isolated price declines, like natural gas declining in price, in an otherwise stable price environment.
Archived post: http://archive.is/AE2q6Original: https://www.palmislandtraders.com/econ53/inflation.pdfGenerally it can be said that inflation is a measure of a general increase of the price level in an economy, as represented typically by an inclusive price index, such as the Consumer Price Index in the United States. The term indicates many individual prices rising together rather than one or two isolated...
User: octobercoinph https://bitcointalk.org/index.php?action=profile;u=1352659Post: -snip quotes- As a barometer of healthy money, the world’s best economies have average annual inflation rates below 1.5%. In economic terms, low to zero inflation is a sign of healthy money because the value of the currency does not fluctuate significantly and is therefore reliable. However, in a country like Argentina, the annual inflation rate is estimated to be close to 40% today. That means if you’re an Argentinian citizen and you save 100 Argentine Pesos, one year from now the value of those 100 pesos will be worth only 60 pesos relative to the world’s stable currencies. In Argentina, holding money means losing money, and so its citizens are actively looking for alternative stores of value to simply preserve the money they have earned and worked for. Other examples of problematic economies with high inflation rates are Venezuela, which is expected to have annual inflation of 180% in 2015, and Zimbabwe, where the rate of inflation for the Zimbabwean Dollar was so high that this year they decided to stop printing it and the government is abandoning their currency altogether. Zimbabwe went through a period of what is known as hyperinflation; their annual inflation rate in 2008 was recorded as high as 11,000,000%. What currencies could citizens from these countries use if not their own? The US dollar? Gold? M-Pesa? Bitcoin? -snip- Archived post: http://archive.is/RjQ86Original: https://www.linkedin.com/pulse/bitcoin-21st-century-currency-explained-wall-street-veteran-graub/As a barometer of healthy money, the world’s best economies have average annual inflation ratesbelow 1.5%.
In economic terms, low to zero inflation is a sign of healthy money because the value of the currency does not fluctuate significantly and is therefore reliable. However, in a country like Argentina, the annual inflation rate is estimated to be close to 40% today.
That means if you’re an Argentinian citizen and you save 100 Argentine Pesos, one year from now the value of those 100 pesos will be worth only 60 pesos relative to the world’s stable currencies. In Argentina, holding money means losing money, and so its citizens are actively looking for alternative stores of value to simply preserve the money they have earned and worked for.
Other examples of problematic economies with high inflation rates are Venezuela, which is expected to have annual inflation of 180% in 2015, and Zimbabwe, where the rate of inflation for the Zimbabwean Dollar was so high that this year they decided to stop printing it and the government is abandoning their currency altogether.
UPDATE:User: https://bitcointalk.org/index.php?action=profile;u=1375036Post: https://bitcointalk.org/index.php?topic=2315165.msg28795185#msg28795185i think bitcoin is an asset, a digital asset. the statistical properties of bitcoin, find that it is essentially uncorrelated with traditional asset classes such as stocks, bonds and commodities, both in normal times and in periods of financial turmoil. The analysis of transaction data of bitcoin accounts shows that bitcoins are mainly used as a speculative investment and not as an alternative currency and medium of exchange.
Investors and early adopters like these assets because they are untethered from the regular economy where fiat currencies, more traditional forms of exchange and value transfer reign the day. one of bitcoins advantage is the high volatility, which counterintuitively results in more aggressive risk-reward trade-offs in investment portfolios.
Archived post: http://archive.is/2Pg1vOriginal: https://www.forbes.com/sites/dantedisparte/2017/11/28/bitcoin-an-asset-currency-or-collectible/#3a7dfeb2300eInvestors and early adopters like these assets because they are untethered from the regular economy where fiat currencies, more traditional forms of exchange and value transfer reign the day. An additional advantage is the high volatility, which counterintuitively results in more aggressive risk-reward trade-offs in investment portfolios.
User: https://bitcointalk.org/index.php?action=profile;u=1757069Post: https://bitcointalk.org/index.php?topic=2874501.msg29524597#msg29524597
The most important feature of a currency is that it be a stable store of value.
Blockchain technology gives Bitcoin two important characteristics - it can be exchanged without a trusted intermediary, and it allows anonymous transactions. Therefore no one can manage the bitcoin price it depends on the market supply and demand. The value of bitcoin is so easy to lose to be considered a real currency.
So people should stop expecting it to become a currency that ordinary people use for ordinary transactions. A currency, Bitcoin is not, nor shall it be.
Archived post: http://archive.is/M06AnOriginal: https://www.forbes.com/sites/jeffreydorfman/2017/05/17/bitcoin-is-an-asset-not-a-currency/#4dadff122e5bThe most important feature of a currency is that it be a stable store of value. Original2: https://www.bloomberg.com/view/articles/2018-01-17/bitcoin-isn-t-the-future-of-moneyBlockchain technology gives Bitcoin two crucial characteristics - it can be exchanged peer-to-peer without the need for a trusted intermediary, and it lets transactions be anonymous.
Just found this plag under the recent merit stats:User: https://bitcointalk.org/index.php?action=profile;u=1277926Post : https://bitcointalk.org/index.php?topic=2879762.msg29586661#msg29586661Payment Freedom, Low cost, Instant Transactions, Full transparency and no central authorities
Bitcoin is a zero trust consensus network with many advantages.
Payment Freedom - Instant transactions
With Bitcoin it is possible to send and receive any amount of money instantly anywhere in the world at any time. No bank holidays. No borders. No imposed limits. Bitcoin allows its users to be in full control of their money.
Very low transaction fees
Bitcoin payments are currently processed with either no fees or extremely small fees. Users may include fees with transactions to receive priority processing, which results in faster confirmation of transactions by the network. Additionally, merchant processors exist to assist merchants in processing transactions, converting bitcoins to fiat currency and depositing funds directly into merchants' bank accounts daily. As these services are based on Bitcoin, they can be offered for much lower fees than with PayPal or credit card networks.
--snip--
Archived post: http://archive.is/oWAU8Original: (The oldest source I found is 03/2016) https://books.google.de/books?id=U_rxCQAAQBAJ&lpg=PA53&ots=dsomzkEN6m&dq=is%20possible%20to%20send%20and%20receive%20any%20amount%20of%20money%20instantly%20anywhere%20in%20the%20world%20at%20any%20time.%20No%20bank%20holidays&hl=de&pg=PA53#v=onepage&q=is%20possible%20to%20send%20and%20receive%20any%20amount%20of%20money%20instantly%20anywhere%20in%20the%20world%20at%20any%20time.%20No%20bank%20holidays&f=false9.1.8 WHAT ARE THE ADVANTAGES OF BITCOIN?
PAYMENT FREEDOM
- lt is possible to send and receive any
amount of money instantly anywhere in the World at any time. No
bank holidays. No borders. No imposed limits. Bitcoin allows its
users to be in full control of their money.
VERY LOW FEES - Bitcoin payments are currently processed
With either no fees or extremely small fees. Users may include
fees With transactions to receive priority processing, ...
Another 5 wasted merit points:User: https://bitcointalk.org/index.php?action=profile;u=1337029Post: https://bitcointalk.org/index.php?topic=2815934.msg29217246#msg29217246Here is top 5 you want to invest. i'll give you a hint based on my research though
NEO (NEO)
MarketCap #12 - $ $4,955,093,000
Value: $76.23
NEO, also considered as the Chinese Etherium and previously called AntShares, is the next generation smart economy platform. It is a decentralized cryptocurrency based on blockchains. Its main feature is the creation of intelligent contracts supporting multiple languages.
MONERO (XMR)
MarketCap #10 - $5,574,693,680
Value: $359.80
MONERO is a open source cryptocurrency based on the CryptoNote protocol, with some interesting characteristics as security, privacy, scalability and the impossibility of tracking any transactions. It is an untraceable currency system which uses a special kind of cryptography to ensure that all of its transactions remain 100% unlinkable and untraceable.
STEEM (STEEM)
MarketCap #35 - $626,343,305
Value: $2.54
Steem is social network where content creators and curators are rewarded. Steemit pays both the content creators when their work gets upvoted, as well as the people who curate the best content on the site by upvoting others work.
--snip--
Archived post: http://archive.is/UMmssOriginal: https://decentral.market/2017/12/19/5-altcoins-to-invest-in-2018-2/NEO, also considered as the Chinese Etherium and previously called AntShares, is the next generation smart economy platform. It is a decentralized cryptocurrency based on blockchains. Its main feature is the creation of intelligent contracts supporting multiple languages. MONERO is a open source cryptocurrency based on the CryptoNote protocol, with some interesting characteristics as security, privacy, scalability and the impossibility of tracking any transactions. It is an untraceable currency system which uses a special kind of cryptography to ensure that all of its transactions remain 100% unlinkable and untraceable. Steem is social network where content creators and curators are rewarded. Steemit pays both the content creators when their work gets upvoted, as well as the people who curate the best content on the site by upvoting others work. |
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Shazam!!!
Full Member
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Activity: 350
Merit: 158
#takeminingback
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February 05, 2018, 09:29:58 PM |
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I don't want to interfere with the great job you're doing, but I found this, and thought it fit this thread best: User: mrlovely22 Profile: https://bitcointalk.org/index.php?action=profile;u=1746010Thread it was found in: https://bitcointalk.org/index.php?topic=130619.0Copy: Forgive my ignorance here, but I'm not sure I understand this graph. I'm not a math genius or economics genius, but I thought inflation was a rise in prices due to an increase in the money supply, which is obviously not what we see graphed here.
Original: Forgive my ignorance here, but I'm not sure I understand this graph. I'm not a math genius or economics genius, but I thought inflation was a rise in prices due to an increase in the money supply, which is obviously not what we see graphed here. How is inflation defined in this graph?
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Click these links to learn some truth about Big Corporate mining pools stealing your money and centralizing BTCitcoin!!! Help support the BTCitcoin community!!! Mine your BTCitcoin at a non-Corporate pool!!! BTC: 1ShazamjsPnpWDNnk3n2tAiKGMdXaSjay |
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mainconcept
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February 05, 2018, 10:31:11 PM |
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I don't want to interfere with the great job you're doing, but I found this, and thought it fit this thread best:
It fits fine here, just make sure to report the copy/pasted post.
User: https://bitcointalk.org/index.php?action=profile;u=1201858Post: Coincheck, a popular Japanese cryptocurrency exchange, confirmed on Friday that it has fallen victim to one of the biggest cryptocurrency hacks in digital currency history, a crypto heist that tops the notorious 2014 Mt. Gox incident.
During a late-night press conference, Coincheck president Wakata Koichi and Chief Operating Officer Yusuke Otsuka estimated the exchange had lost at least $400 million worth of the NEM cryptocurrency’s XEM tokens.
As a result, Coincheck has halted all operations and the price of XEM has tumbled nearly 10 percent at the time of writing. NEM is the tenth largest cryptocurrency according to CoinMarketCap.
Lax security measures protecting this smaller cryptocurrency seem to be at the root of this issue. Yuji Nakamura, a Bloomberg tech reporter based in Tokyo, attended the Coincheck press conference and tweeted the exchange was not using multi-signature — an additional layer of security for cryptocurrency transaction — for XEM transfers.
Archived post: http://archive.is/a4WTJOriginal: https://www.inverse.com/article/40605-cryptocurrency-coincheck-nem-hack-theftCoincheck, a popular Japanese cryptocurrency exchange, confirmed on Friday that it has fallen victim to one of the biggest cryptocurrency hacks in digital currency history, a crypto heist that tops the notorious 2014 Mt. Gox incident.
During a late-night press conference, Coincheck president Wakata Koichi and Chief Operating Officer Yusuke Otsuka estimated the exchange had lost at least $400 million worth of the NEM cryptocurrency’s XEM tokens.
As a result, Coincheck has halted all operations and the price of XEM has tumbled nearly 10 percent at the time of writing. NEM is the tenth largest cryptocurrency according to CoinMarketCap.
Lax security measures protecting this smaller cryptocurrency seem to be at the root of this issue. Yuji Nakamura, a Bloomberg tech reporter based in Tokyo, attended the Coincheck press conference and tweeted the exchange was not using multi-signature — an additional layer of security for cryptocurrency transaction — for XEM transfers. |
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marlboroza (OP)
Legendary
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Activity: 1932
Merit: 2272
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February 06, 2018, 02:36:15 PM |
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I don't want to interfere with the great job you're doing, but I found this, and thought it fit this thread best:
Be my guest  Don't forget to archive post just in case someone delete post(you can use this https://archive.fo/), and what mainconcept said - report post.  ~
On side note that guy got 14 merits for plagiarism |
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mainconcept
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February 07, 2018, 12:25:52 PM
Last edit: February 07, 2018, 04:19:09 PM by mainconcept |
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I see there is now a dedicated topic for reporting users for copy pasting.
I've found this gem a while ago,
~
His post was both copied and extremely offtopic. Not sure if this counts for a ban though...
In my opinion with this post the user is breaking following rules: 1. No zero or low value, pointless or uninteresting posts or threads. [1][e]
2. No off-topic posts.
33. Posting plagiarized content is not allowed.[e] https://bitcointalk.org/index.php?topic=703657.0Don't forget to report his post. A bunch of good quality posts are buried under a pile of spam, shitposts and copypasted trash. Another one:
Yes
Decentralized cryptocurrency is produced by the entire cryptocurrency system collectively, at a rate which is defined when the system is created and which is publicly known. In centralized banking and economic systems such as the Federal Reserve System, corporate boards or governments control the supply of currency by printing units of fiat money or demanding additions to digital banking ledgers. In case of decentralized cryptocurrency, companies or governments cannot produce new units, and have not so far provided backing for other firms
Archived post: http://archive.is/DvWeEOriginal: https://en.wikipedia.org/wiki/CryptocurrencyDecentralized cryptocurrency is produced by the entire cryptocurrency system collectively, at a rate which is defined when the system is created and which is publicly known. In centralized banking and economic systems such as the Federal Reserve System, corporate boards or governments control the supply of currency by printing units of fiat money or demanding additions to digital banking ledgers. In case of decentralized cryptocurrency, companies or governments cannot produce new units, and have not so far provided backing for other firms, banks or corporate entities which hold asset value measured in it.
Iota
Iota is a brand new and novel micro-transaction cryptotoken optimized for the Internet-of-Things (IoT). Unlike the complex and heavy blockchains of Bitcoin and the like, which were designed with other uses in mind, Iota is created to be as lightweight as possible, hence the name "Iota" with emphasis on the ‘IoT’ part.
....
Archived: http://archive.is/OdvWQOriginal: https://bitcointalk.org/index.php?topic=1216479.msg12748565#msg12748565Iota is a brand new and novel micro-transaction cryptotoken optimized for the Internet-of-Things (IoT). Unlike the complex and heavy blockchains of Bitcoin and the like, which were designed with other uses in mind, Iota is created to be as lightweight as possible, hence the name "Iota" with emphasis on the ‘IoT’ part. ......
Found in the patrol section: Conventional wisdom says that all the people who put money in expecting to get a second free coin (money for nothing) following the fork are pulling out realizing that no fork means no new coin which means no money for nothing. But it could also mean other things, such as people having less confidence in BC, perhaps from an awareness that BC is not so special. The price soared as awareness skyrocketed, but with that new worldwide attention came intense scrutiny and it may be that many realize it is not worth as much as its passionate advocates believe it to be, nor is any crypto-currency for that matter which is why Litecoin is tumbling simultaneously. BC is after all just a digital check and what is a check worth?
Archived: http://archive.is/ePhkZOriginal: https://www.quora.com/Why-is-Bitcoins-value-going-down/answer/Damian-StevensonConventional wisdom says that all the people who put money in expecting to get a second free coin (money for nothing) following the fork are pulling out realizing that no fork means no new coin which means no money for nothing. ....... |
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Gotumoot
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February 08, 2018, 11:29:32 AM |
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DON'T POST OFF TOPIC REPLIES ABOUT MERIT BECAUSE THIS IS NOT MERIT DISCUSSION THREAD! I've found something, it seems that anti-spam giveaway is useful in some way  Accounts: matthewogus01, akosibatman, chimcoin, VINCEAKTIN, onpages, emondot, lookjoz, kawasanz, happydevilBitcoin Advantages:
Freedom in Payment
With Bitcoin it is very possible to be able to send and get money anywhere in the world at any given time.
You don’t have to worry about crossing borders, rescheduling for bank holidays, or any other limitations one might think will occur when transferring money.
You are in control of your money with Bitcoin. There is no central authority figure in the Bitcoin network.
https://coinreport.net/coin-101/advantages-and-disadvantages-of-bitcoin/ With Bitcoin it is very possible to be able to send and get money anywhere in the world at any given time.
You don’t have to worry about crossing borders, rescheduling for bank holidays, or any other limitations one might think will occur when transferring money.
You are in control of your money with Bitcoin. There is no central authority figure in the Bitcoin network.
Due to unique characteristic of bitcoin, it inherent some advantages, digital currencies has:
- Convenient as mode of payment.
- Very Low transaction fees.
- Goverment has now way to interrupt user transaction.
- Purhcases are not Taxed.
- Information is transparent when using digital currency
- Fewer risk on merchants (bitcoin transaction cannot be reversed thus dont carry information, merchant are protected from potential losses.
- Bitcoin can be backed up and encrypted to ensure safety.
But for every advantages there's always a Disadvantage like:
- High risk and voltatile
- Still developing (we cant so rely so much on bitcoin)
- People need to learn bitcoin before engaging on how bitcoin earn.
https://www.investopedia.com/ask/answers/100314/what-are-advantages-paying-bitcoin.aspDue to the unique nature of virtual currencies, there are some inherent advantages to transacting through Bitcoin that users of other currencies do not get.
I think everything in life has it advantages and disadvantages.Bitcoin has many advantages as many of us know but these are some of it disadvantages.
1. unregulated- Unlike other investment avenues, cryptocurrencies are not regulated by government entities or banks. For example, If we buy something with a credit card and get ripped off, we can call the bank and ask to be compensated. But if we get ripped off in a bitcoin transaction, it is impossible to get the money back.
2.may be open to illegal activity - Due to the lack of government control, terrorists and extortionists are also utilizing the cryptocurrency space to their advantage. Bitcoins users on either end of a transaction can remain relatively anonymous and cybercriminals have found ways to mask their addresses, so it can be difficult for government authorities and companies to trace such illegal activities
3.Bitcoin and altcoins are volatile -Investing in cryptocurrencies involves very high risk, as prices have been extremely volatile.
From here https://economictimes.indiatimes.com/wealth/invest/7-reasons-why-you-should-not-invest-in-bitcoins-cryptocurrencies/articleshow/60891341.cmsUnlike other investment avenues, cryptocurrencies are not regulated by government entities or banks.
Due to the lack of government control, terrorists and extortionists are also utilising the cryptocurrency space to their advantage
If we talk about bitcoin deficiency means we are talking about its weakness, I think this is the weakness of bitcoin:
1. Not Stable
Bitcoin is a speculative currency. Currently not enough companies that offer the purchase and sale of products with bitcoin as a means of payment.
2. Very risky lost or stolen
As a virtual currency, bitcoins are encapsulated in the form of digital files or known as wallet files. In use, the wallet file is similar to the cash register function.
But the wallet files stored on the hard disk of your electronic equipment are very vulnerable to damage. In addition, viruses that attack your hard disk can also make stored bitcoins just disappear.
3. Money laundering tool
The use of bitcoin currency is not controlled by the government or authorized financial institution. As a result, such conditions provide great opportunities for criminal activities such as money laundering and tax evasion.
Copy: 1. Unstable
Bitcoin is a speculative currency. While there are not enough companies currently offering the purchase and sale of products with bitcoin as a means of payment.
2. Very risky lost or stolen
As a virtual currency, bitcoins are encapsulated in the form of digital files or known as wallet files. In use, the wallet file is similar to the cash register function.
However, wallet files stored on your hard disk electronic equipment are very vulnerable to damage. In addition, viruses that attack your hard disk can also make stored bitcoins just disappear.
Copy: 1. Not Stable
Bitcoin is a speculative currency. While there are not enough companies currently offering the purchase and sale of products with bitcoin as a means of payment.
2. Very risky lost or stolen
As a virtual currency, bitcoins are encapsulated in the form of digital files or known as wallet files. In use, the wallet file is similar to the cash register function.
However, wallet files stored on your hard disk electronic equipment are very vulnerable to damage. In addition, viruses that attack your hard disk can also make stored bitcoins just disappear.
Copy: As a virtual currency, bitcoins are encapsulated in the form of digital files or known as wallet files. In use, the wallet file is similar to the cash register function. However, wallet files stored on the hard disk of your electronic equipment are very vulnerable to damage. In addition, viruses that attack your hard disk can also make stored bitcoins just disappear. The digital wallet can also be hacked and stolen through malware. Not to mention the risk of hard disk content of bitcoin owners erased accidentally. More painful than cash, you lose all the contents of the wallet without being traceable to where it disappears. In addition, people with computerized expertise have the potential to steal the money.
so I guess if we do not really keep it thoroughly it will most likely happen.
Copy: The weakness of bitcoin is not yet fully for transaction tools and also if bitcoin is stored in digital file form or known as wallet file.
However, wallet files stored on the hard disk of your electronic equipment are very vulnerable to damage. In addition, viruses that attack your hard disk can also make stored bitcoins just disappear.
The digital wallet can also be hacked and stolen through malware. Not to mention the risk of hard disk content of bitcoin owners erased accidentally. More painful than cash, you lose all the contents of the wallet without being traceable to where it disappears.
Copy: This is one of the disadvantages because As a virtual currency, bitcoin stored in the form of digital files or known as wallet.Sedang used, wallet files similar to the cash register function.
However, wallet files stored on the hard disk of your electronic equipment are very vulnerable to damage.Besides, a virus that attacks your hard disk can also make the stored bitcoin just disappear.
Digital wallets can also be hacked and stolen through malware. Not to mention the risk of hard disk content of bitcoin owners being erased accidentally.More painful than cash, you lose all the contents of the wallet without being traceable where the losses.
In addition, people with computer skills potentially steal money.
About advantages
Transactional convenience: Any transaction has a limit on the transfer and receive money, but for bitcoin there is no limit. You can send unlimited number of bitcoins to your friends. No matter where they are in the world they will also receive. You can also send at any time no one can manage the amount you send.
Ensure security and confidentiality
Every bitcoin transaction can be done and completed without any personal information. Transaction information is still kept, but your identity is kept private. This is one of the outstanding advantages that you get when investing in the field of virtual money.
Bitcoin can not be faked
The cost of testing gold is very high, and bitcoin testing is not costly and the truth is that bitcoin can not be faked. Because bitcoin is not shown in physical form.
The cost is extremely low
There are no intermediaries involved in the field of virtual currency investing. However, you still have to deal with the transaction but it is not worth it.
On the downside
Not many users: The fact is that the field of virtual money is still quite new and not many people know. The people of Vietnam have been used to using gold and silver. People are very shy and anxious to invest in this field.
Somewhat unwieldy: In order to invest in bitcoin you need to have certain knowledge to get involved in this area. For those who are not technologically savvy, they can not participate in bitcoin. If not understood, the risk of fraud is very high.
From here: http://bitcoinforus.com/bitcoin-invest-bitcoin-not/Safety and security: Every bitcoin transaction can be done and completed without any personal information. Transaction information is displayed but your identity is completely confidential[...]. I mean, whole post is plagiarism. Quite shocking to be honest , many people using plagiarism or the copy and paste method because of a one reason they are lazy , so it's quite alarming though needed to report this on the mod. |
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cry4crypto
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Activity: 140
Merit: 35
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February 08, 2018, 11:49:24 AM |
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I found this a while ago: user: pratikpop For all the people that are in a panic, Please read it carefully! Biggest Crashes in Bitcoin history 📉 - 94% June-November 2011 from $32 to $2 because of MtGox hack 📉 -36% June 2012 from $7 to 4 Linod hack 📉 -79% April 2013 from 266 to 54. MTGox stopped trading 📉 -49% Feb 2014 MTGox is gone 📉 -40% September 2017 from $5000 to $2972 China ban 📉 -48% January 2018 Korea FUD. from $19700 to 9500 Bitcoin died thousands of times just to keep on living. HODL SHARE with your friend Ripped off this thread on Reddit: https://www.reddit.com/r/Bitcoin/comments/7uqa54/lesson_history_of_bitcoin_crashes/ |
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h55
Member
Offline
Activity: 210
Merit: 11
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February 08, 2018, 12:10:27 PM |
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DON'T POST OFF TOPIC REPLIES ABOUT MERIT BECAUSE THIS IS NOT MERIT DISCUSSION THREAD! I've found something, it seems that anti-spam giveaway is useful in some way Accounts: matthewogus01, akosibatman, chimcoin, VINCEAKTIN, onpages, emondot, lookjoz, kawasanz, happydevilBitcoin Advantages:
Freedom in Payment
With Bitcoin it is very possible to be able to send and get money anywhere in the world at any given time.
You don’t have to worry about crossing borders, rescheduling for bank holidays, or any other limitations one might think will occur when transferring money.
You are in control of your money with Bitcoin. There is no central authority figure in the Bitcoin network.
https://coinreport.net/coin-101/advantages-and-disadvantages-of-bitcoin/ With Bitcoin it is very possible to be able to send and get money anywhere in the world at any given time.
You don’t have to worry about crossing borders, rescheduling for bank holidays, or any other limitations one might think will occur when transferring money.
You are in control of your money with Bitcoin. There is no central authority figure in the Bitcoin network.
Due to unique characteristic of bitcoin, it inherent some advantages, digital currencies has:
- Convenient as mode of payment.
- Very Low transaction fees.
- Goverment has now way to interrupt user transaction.
- Purhcases are not Taxed.
- Information is transparent when using digital currency
- Fewer risk on merchants (bitcoin transaction cannot be reversed thus dont carry information, merchant are protected from potential losses.
- Bitcoin can be backed up and encrypted to ensure safety.
But for every advantages there's always a Disadvantage like:
- High risk and voltatile
- Still developing (we cant so rely so much on bitcoin)
- People need to learn bitcoin before engaging on how bitcoin earn.
https://www.investopedia.com/ask/answers/100314/what-are-advantages-paying-bitcoin.aspDue to the unique nature of virtual currencies, there are some inherent advantages to transacting through Bitcoin that users of other currencies do not get.
I think everything in life has it advantages and disadvantages.Bitcoin has many advantages as many of us know but these are some of it disadvantages.
1. unregulated- Unlike other investment avenues, cryptocurrencies are not regulated by government entities or banks. For example, If we buy something with a credit card and get ripped off, we can call the bank and ask to be compensated. But if we get ripped off in a bitcoin transaction, it is impossible to get the money back.
2.may be open to illegal activity - Due to the lack of government control, terrorists and extortionists are also utilizing the cryptocurrency space to their advantage. Bitcoins users on either end of a transaction can remain relatively anonymous and cybercriminals have found ways to mask their addresses, so it can be difficult for government authorities and companies to trace such illegal activities
3.Bitcoin and altcoins are volatile -Investing in cryptocurrencies involves very high risk, as prices have been extremely volatile.
From here https://economictimes.indiatimes.com/wealth/invest/7-reasons-why-you-should-not-invest-in-bitcoins-cryptocurrencies/articleshow/60891341.cmsUnlike other investment avenues, cryptocurrencies are not regulated by government entities or banks.
Due to the lack of government control, terrorists and extortionists are also utilising the cryptocurrency space to their advantage
If we talk about bitcoin deficiency means we are talking about its weakness, I think this is the weakness of bitcoin:
1. Not Stable
Bitcoin is a speculative currency. Currently not enough companies that offer the purchase and sale of products with bitcoin as a means of payment.
2. Very risky lost or stolen
As a virtual currency, bitcoins are encapsulated in the form of digital files or known as wallet files. In use, the wallet file is similar to the cash register function.
But the wallet files stored on the hard disk of your electronic equipment are very vulnerable to damage. In addition, viruses that attack your hard disk can also make stored bitcoins just disappear.
3. Money laundering tool
The use of bitcoin currency is not controlled by the government or authorized financial institution. As a result, such conditions provide great opportunities for criminal activities such as money laundering and tax evasion.
Copy: 1. Unstable
Bitcoin is a speculative currency. While there are not enough companies currently offering the purchase and sale of products with bitcoin as a means of payment.
2. Very risky lost or stolen
As a virtual currency, bitcoins are encapsulated in the form of digital files or known as wallet files. In use, the wallet file is similar to the cash register function.
However, wallet files stored on your hard disk electronic equipment are very vulnerable to damage. In addition, viruses that attack your hard disk can also make stored bitcoins just disappear.
Copy: 1. Not Stable
Bitcoin is a speculative currency. While there are not enough companies currently offering the purchase and sale of products with bitcoin as a means of payment.
2. Very risky lost or stolen
As a virtual currency, bitcoins are encapsulated in the form of digital files or known as wallet files. In use, the wallet file is similar to the cash register function.
However, wallet files stored on your hard disk electronic equipment are very vulnerable to damage. In addition, viruses that attack your hard disk can also make stored bitcoins just disappear.
Copy: As a virtual currency, bitcoins are encapsulated in the form of digital files or known as wallet files. In use, the wallet file is similar to the cash register function. However, wallet files stored on the hard disk of your electronic equipment are very vulnerable to damage. In addition, viruses that attack your hard disk can also make stored bitcoins just disappear. The digital wallet can also be hacked and stolen through malware. Not to mention the risk of hard disk content of bitcoin owners erased accidentally. More painful than cash, you lose all the contents of the wallet without being traceable to where it disappears. In addition, people with computerized expertise have the potential to steal the money.
so I guess if we do not really keep it thoroughly it will most likely happen.
Copy: The weakness of bitcoin is not yet fully for transaction tools and also if bitcoin is stored in digital file form or known as wallet file.
However, wallet files stored on the hard disk of your electronic equipment are very vulnerable to damage. In addition, viruses that attack your hard disk can also make stored bitcoins just disappear.
The digital wallet can also be hacked and stolen through malware. Not to mention the risk of hard disk content of bitcoin owners erased accidentally. More painful than cash, you lose all the contents of the wallet without being traceable to where it disappears.
Copy: This is one of the disadvantages because As a virtual currency, bitcoin stored in the form of digital files or known as wallet.Sedang used, wallet files similar to the cash register function.
However, wallet files stored on the hard disk of your electronic equipment are very vulnerable to damage.Besides, a virus that attacks your hard disk can also make the stored bitcoin just disappear.
Digital wallets can also be hacked and stolen through malware. Not to mention the risk of hard disk content of bitcoin owners being erased accidentally.More painful than cash, you lose all the contents of the wallet without being traceable where the losses.
In addition, people with computer skills potentially steal money.
About advantages
Transactional convenience: Any transaction has a limit on the transfer and receive money, but for bitcoin there is no limit. You can send unlimited number of bitcoins to your friends. No matter where they are in the world they will also receive. You can also send at any time no one can manage the amount you send.
Ensure security and confidentiality
Every bitcoin transaction can be done and completed without any personal information. Transaction information is still kept, but your identity is kept private. This is one of the outstanding advantages that you get when investing in the field of virtual money.
Bitcoin can not be faked
The cost of testing gold is very high, and bitcoin testing is not costly and the truth is that bitcoin can not be faked. Because bitcoin is not shown in physical form.
The cost is extremely low
There are no intermediaries involved in the field of virtual currency investing. However, you still have to deal with the transaction but it is not worth it.
On the downside
Not many users: The fact is that the field of virtual money is still quite new and not many people know. The people of Vietnam have been used to using gold and silver. People are very shy and anxious to invest in this field.
Somewhat unwieldy: In order to invest in bitcoin you need to have certain knowledge to get involved in this area. For those who are not technologically savvy, they can not participate in bitcoin. If not understood, the risk of fraud is very high.
From here: http://bitcoinforus.com/bitcoin-invest-bitcoin-not/Safety and security: Every bitcoin transaction can be done and completed without any personal information. Transaction information is displayed but your identity is completely confidential[...]. I mean, whole post is plagiarism. yes, some post are copy from other were and i start to determine this bad works |
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mainconcept
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February 08, 2018, 12:23:52 PM |
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No, that isn't the source, look at the post dates. Both were posted on 02-02. This was a tweet from some guy that was copied a million times. @h55 and Gotumoot Thanks for the full quotes of the first post, makes this thread super readable. Thumbs up. |
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cry4crypto
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February 08, 2018, 12:30:28 PM |
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No, that isn't the source, look at the post dates. Both are posted on 02-02.
This was a tweet from some guy that was copied a million times.
I stand corrected! Actually I think I saw it a day earlier in someone's posts on etoro. I know it was posted on twitter as well, not sure about the original source though. Either way, user pratikpop clearly copy-pasted this from somewhere. |
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mainconcept
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February 08, 2018, 01:04:02 PM |
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User: https://bitcointalk.org/index.php?action=profile;u=1312120Post: I trust the CMT venture I'm going to present will be the new breeze for 2018
Marinecoin ico totally free for the individuals who commit ...
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Archived: http://archive.is/A82JLOriginal: http://marineco.in/...
Marinecoin block-chain is %500 faster than Bitcoin's. Marinecoin offers secure transactions faster.
....
New paraphraser found over the patrol section: User: https://bitcointalk.org/index.php?action=profile;u=1812807Post: Japan was also the pioneer in terms of the adoption of Bitcoin, with which approximately six months ago there was a boom in companies trying to integrate Bitcoin payment systems. Even salaries are starting to be paid partly in Bitcoin. Bitcoin also comes at a good time for Japanese savvy investment, with which the ultra-low interest rates of deflation struggle against the central bank, which has left investors scratching their heads to find the profitability of their money. Currently, Japan can already be considered as the capital and headquarters of bitcoin, its approval must be approved, unlike governments such as China, which only banned ICOs within its region.
Archived: http://archive.is/8VEuQOriginal: https://cointelegraph.com/news/bitcoin-its-big-in-japanJapan was also the pioneer in terms of Bitcoin adoption as about six months ago there was a boom in businesses trying to integrate Bitcoin payment systems. Even salaries are starting to be paid partly in Bitcoin. A well-known commentator on the crypto-business in Japan Koji Higashi said: |
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marlboroza (OP)
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February 08, 2018, 01:35:24 PM |
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Quite shocking to be honest , many people using plagiarism or the copy and paste method because of a one reason they are lazy , so it's quite alarming though needed to report this on the mod.
Do you think we are dumb and that you have to explain to us why people are doing that? yes, some post are copy from other were and i start to determine this bad works
I am shocked  @h55 and Gotumoot
Thanks for the full quotes of the first post, makes this thread super readable. Thumbs up.
Hopefully mods will remove their posts. |
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mainconcept
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February 08, 2018, 02:37:04 PM
Last edit: February 09, 2018, 10:39:17 AM by mainconcept |
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User: https://bitcointalk.org/index.php?action=profile;u=1214548Post: 01
Overstock.com
Buy home goods.Overstock.com was the first big online retailer to start accepting bitcoins in January of 2014. The company allows its customers to pay for everything from laptops and television sets to throw pillows and ottomans with bitcoins. In fact, Overstock.com allows customers to use all the major cryptocurrencies, including Ethereum, Litecoin, Dash, Monero, and the new Bitcoin Cash.
To use a cryptocurrency on Overstock.com, at checkout simply select your preferred currency to complete your purchase. The payment system will convert the currency into bitcoins and finalize the purchase. Editor's note: Overstock subsidiary tZero is part of a joint venture trading digital coins launched during initial coin offerings.
02
Expedia
Expedia is one of the world's largest online travel booking agencies, and since June of 2014 users have had the option to pay for their hotel bookings with bitcoins.
Like Overstock.com, Expedia teamed up with Coinbase to implement the new payment option. Bitcoin payment is only accepted for hotel bookings at the moment, but may be expanded to include payments for flights, activities and more.
--snip--
Archived: http://archive.is/jfcJoOriginal: https://www.lifewire.com/big-sites-that-accept-bitcoin-payments-3485965Overstock.com was the first big online retailer to start accepting bitcoins in January of 2014. The company allows its customers to pay for everything from laptops and television sets to throw pillows and ottomans with bitcoins. In fact, Overstock.com allows customers to use all the major
User: https://bitcointalk.org/index.php?action=profile;u=945259Post: Many companies are accepting bitcoins, many are not. Here is a list of some the biggest (and smaller) names who accepts bitcoins as a currency.
WordPress.com – An online company that allows user to create free blogs
Overstock.com – A company that sells big ticket items at lower prices due to overstocking
Subway – Eat fresh
Microsoft – Users can buy content with Bitcoin on Xbox and Windows store
Reddit – You can buy premium features there with bitcoins
Virgin Galactic – Richard Branson company that includes Virgin Mobile and Virgin Airline
OkCupid – Online dating site
Tigerdirect – Major electronic online retailer
Namecheap – Domain name registrar
CheapAir.com – Travel booking site for airline tickets, car rentals, hotels
Expedia.com – Online travel booking agency
Gyft – Buy giftcards using Bitcoin
Newegg.com – Online electronics retailer now uses bitpay to accept bitcoin as payment
Dell – American privately owned multinational computer technology company
Wikipedia – The Free Encyclopedia with 4 570 000+ article
Steam – Desktop gaming platform
Alza – Largest Czech online retailer
The Internet Archive – web documatation company
Bitcoin.Travel – a travel site that provides accommodation, apartments, attractions, bars, and beauty salons around the world
Pembury Tavern – A pub in London, England
Old Fitzroy – A pub in Sydney, Australia
--snip--
Original: https://99bitcoins.com/who-accepts-bitcoins-payment-companies-stores-take-bitcoins/Many companies are accepting bitcoins, many are not. Here is a list of the biggest (and smaller) names who accepts bitcoins as a currency.
...
User: https://bitcointalk.org/index.php?action=profile;u=1240796Post: i have created this thread not to patronize these stores or make an advertisement of their products, i thought this would help us to make bitcoin get stronger rather than post negative news about bitcoin capability to penetrate buying power shares of everyone.
here are some of the list of sites that i came across while browsing the internet, looking for online stores that accept payment thru bitcoin:
1. overstock.com was the first big online retailer to start accepting bitcoins in January of 2014. The company allows its customers to pay for everything from laptops and television sets to throw pillows and ottomans with bitcoins. In fact, Overstock.com allows customers to use all the major cryptocurrencies, including Ethereum, Litecoin, Dash, Monero, and the new Bitcoin Cash.
2. Expedia is one of the world's largest online travel booking agencies, and since June of 2014 users have had the option to pay for their hotel bookings with bitcoins.
--snip--
and dozens more. hope this helps.
Edited: behold, how bitcoin has gone a long way, not sure if this is true but you can visit their sites and look for yourself.
WordPress.com — An online company that allows user to create free blogs
Overstock.com — A company that sells big ticket items at lower prices due to overstocking
Subway — Eat fresh
Microsoft — Users can buy content with Bitcoin on Xbox and Windows store
Reddit — You can buy premium features there with bitcoins
--snip--
i did not post the link because i think that is a free advertisement for the site,lol you are free to browse though.
positive news such as this is needed to support bitcoin and gain more trust and more investors. what can you say about this info?
Archived: http://archive.is/SxrQfOriginal: both sources from above https://www.lifewire.com/big-sites-that-accept-bitcoin-payments-3485965https://99bitcoins.com/who-accepts-bitcoins-payment-companies-stores-take-bitcoinsThis one is open for discussion. Although this person stated - i did not post the link because i think that is a free advertisement for the site,lol you are free to browse though. - I believe this just an excuse for his copypasted content. Because if he had shown the sources, then everybody had known from the beginning that his content was 1:1 copied from the external sources. This user got 14 merits for a copypasted post, effort 2-3 minutes. |
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marlboroza (OP)
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February 11, 2018, 01:50:44 PM |
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Post: It was Lenin who advanced the idea that the socialist state should pursue a policy of peaceful coexistence towards countries with different social systems. This correct policy was long followed by the Communist Party and the Government of the Soviet Union under the leadership of Lenin and Stalin.
The question of peaceful coexistence [...]
Original article https://www.marxists.org/subject/china/documents/polemic/peaceful.htmIt was Lenin who advanced the idea that the socialist state should pursue a policy of peaceful coexistence towards countries with different social systems. This correct policy was long followed by the Communist Party and the Government of the Soviet Union under the leadership of Lenin and Stalin.
The question of peaceful coexistence between socialist and capitalist post https://archive.fo/1MvrnFinancially
Unlike Indian values do not hesitate to earn more, and unlike Indian habits dont be moderate about spending your money. Save money judiciously for a rainy day, but spend your surplus on consumer goods and services.
Socially
Unlike Indian mentality do not compromise with adversities. Put your foot down if you see dishonesty, intolerance.and injustice.
I guess you have understood the futility of caste systems
[...]
Original article https://www.quora.com/How-can-I-contribute-to-the-development-of-my-town-village-or-cityFinancially
Unlike Indian values do not hesitate to earn more, and unlike Indian habits dont be moderate about spending your money. Save money judiciously for a rainy day, but spend your surplus on consumer goods and services.
Socially
Unlike Indian mentality do not compromise with adversities. Put your foot down if you see dishonesty, intolerance.and injustice.
I guess you have understood the futility of ca[...] |
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Thirio
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February 20, 2018, 10:52:37 AM |
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I already reported this to the moderator. But i would like to put this here to bring up this posts, to: 1. remind everyone that plagiarism is wrong and is a serious crime. 2. remind everyone that people read the internet, don't assume that no one will notice your posts. https://bitcointalk.org/index.php?topic=2981841.msg30675118#msg30675118 If your new to the crypto space or want to take a more deeper dive into the world of ICOs and various other alt coins than this post may be for you. Here are four tools all the links I use on a regular basis to stay up-to-date and help me to make better trades. 1 - Cointelligence It has several features: a) General Overview of the Market Here you can view several altcoins. To my knowledge, they have the largest database of all altcoins. You can sort the data by price, volume, algorithm, proof type, market cap and 24h change. b) Coin Specific Data You can view charts and market data on a specific cryptocurrency. Useful information includes latest trades from all exchanges, forums, orders on all exchanges, advanced charts and analysis. c) Coin Analysis You can also read the latest news regarding the market as well as analysis made by chart analyst experts. The Bitcoin analysis has been particularly impressive www.cointelligence.com/content/analysis/bitcoin
2 - Coinbase Probably the most popular and easy-to-use exchange in the space that allows you to buy/sell Bitcoin, Ethereum and Litecoin. This is my normal go to exchange if I need to bring fiat money into the market. 3 - CoinderaCoindera makes it easy to monitor Bitcoin and over one hundred cryptocurrencies. You can get real-time alerts sent via email, SMS, and push notifications to your Android or IOS devices and the user interface is responsive and attractive. 4 - Blockfolio If you do wish to monitor your portfolio I recommend using Blockfolio. It's a mobile app available on Android and iOS that does not require an account. There is a lot of privacy speculation about portfolio management apps in general but this application seems to be on the up and up. Here are the tools I use to help me trade better. Comment below other tools I missed and those that you would like to recommend. original link: https://steemit.com/bitcoin/@dogeking/4-essential-tools-to-help-you-succeed-in-cryptocurrency |
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earl07
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February 21, 2018, 10:25:56 AM
Last edit: February 21, 2018, 10:44:16 AM by earl07 |
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Kindly correct me if i'm wrong,but i think this guy have done plagiarism.I'm surprise that it is from a member with a high in rank. Topic: Altcoin vs Token (Edit) https://bitcointalk.org/index.php?topic=2921954.0The main difference is the way they are structured. They have a few difference which i will mention below.
Altcoins are a digital currency similar to Bitcoin, and the term stands for alternative to Bitcoin. altcoins are created by diverging from Bitcoin consensus rules or by developing a new cryptocurrency from scratch. Most popular altcoins use the same fundamental building blocks as Bitcoin. This approach is relatively easy to carry out because Bitcoin is a free, open source platform. When an altcoin forks at the blockchain level, an alternate system of consensus rules must be used and the coin will have an entirely different distributed ledger. The same is true for altcoins built from scratch. Some altcoins have different monetary policy rules built into the currency to encourage different uses and treatment. Policies such as minimum spend, or positive or negative interest on coins stored, can encourage or discourage hoarding. Policies for coin mining may function differently from Bitcoin, as may the number of coins paid out per new block mined. While some altcoins can be attempts to enrich founders and offer little new, many have found niches because of way their differences encouraged new miners and uses. Since Bitcoin's inception there have been upwards of 500 altcoins created. Litecoin, Dogecoin, Blackcoin, Freicoin, Peercoin, Vericoin, Myriad, NXT are just a few examples of altcoins.
Tokens are a representation of a particular asset or utility, that usually resides on top of another blockchain. Tokens can represent basically any assets that are fungible and tradeable, from commodities to loyalty points to even other cryptocurrencies. Creating tokens is a much easier process as you do not have to modify the codes from a particular protocol or create a blockchain from scratch. All you have to do is follow a standard template on the blockchain - such as on the Ethereum or Waves platform - that allows you to create your own tokens. This functionality of creating your own tokens is made possible through the use of smart contracts; programmable computer codes that are self-executing and do not need any third-parties to operate. Tokens are created and distributed to the public through an Initial Coin Offering (ICO), which is a means of crowdfunding, through the release of a new cryptocurrency or token to fund project development.
https://bitcointalk.org/index.php?action=profile;u=629798Tokens
Tokens are a representation of a particular asset or utility, that usually resides on top of another blockchain. Tokens can represent basically any assets that are fungible and tradeable, from commodities to loyalty points to even other cryptocurrencies!
Creating tokens is a much easier process as you do not have to modify the codes from a particular protocol or create a blockchain from scratch. All you have to do is follow a standard template on the blockchain – such as on the Ethereum or Waves platform – that allows you to create your own tokens. This functionality of creating your own tokens is made possible through the use of smart contracts; programmable computer codes that are self-executing and do not need any third-parties to operate.It really is super cool! (See also: Guide to Cryptocurrency Wallets: Why Do You Need Wallets?)
Tokens are created and distributed to the public through an Initial Coin Offering (ICO), which is a means of crowdfunding, through the release of a new cryptocurrency or token to fund project development.
From here: https://masterthecrypto.com/differences-between-cryptocurrency-coins-and-tokens/
In case the post deleted,i made an archive of it.  https://archive.fo/VWFzG |
_$ BAKIT SAYO GILIW $_ |
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BluberryBTC
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February 21, 2018, 11:03:32 AM |
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earl07
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February 22, 2018, 11:05:33 PM
Last edit: February 22, 2018, 11:17:53 PM by earl07 |
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Here's another one. Topic: https://bitcointalk.org/index.php?topic=2998575.0In Vietnam, the Bank lists conventional payment mechanisms like cheques, payment orders and credit cards as permitted, but then adds (after translation) that “Bitcoin virtual currency and other similar is not lawful means of payment in Vietnam. The issuance, supply, use of bitcoin and other similar virtual currency as a means of payment is prohibited in Vietnam.” Fines of around US$9,000 apply to those who accept or offer payments in virtual currencies.
https://bitcointalk.org/index.php?action=profile;u=1571768The State Bank of Vietman has issued “Information related to the use of virtual currency” that bans use of the cryptocurrency for payments.
It won't say why, and doesn't explicitly ban mining or blockchain.
The Bank lists conventional payment mechanisms like cheques, payment orders and credit cards as permitted, but then adds (after translation) that “Bitcoin virtual currency and other similar is not lawful means of payment in Vietnam; The issuance, supply, use of bitcoin and other similar virtual currency as a means of payment is prohibited in Vietnam.”
Fines of around US$9,000 apply to those who accept or offer payments in virtual currencies.
Copied from here : https://www.google.com.ph/amp/s/www.theregister.co.uk/AMP/2017/10/30/vietnam_bans_bitcoin_as_payment_for_anything/
https://archive.fo/18yi3 |
_$ BAKIT SAYO GILIW $_ |
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skorupi17
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February 22, 2018, 11:33:11 PM |
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Poor Newbie sesilab# Freedom of Payment - Allows you to send and receive money instantly anywhere and anytime. No bank holiday. No country borders. No restrictions apply. Bitcoin gives its users full control over their money.
# Very low cost - Bitcoin payments are currently processed at no cost or at a very low cost. Users can enter fees in transactions to obtain priority processing, thus securing faster transaction confirmation by the network. in addition, the seller processor is there to assist the seller in processing transactions, converting bitcoins into conventional fiat currency, and putting money directly into the seller's bank account each day. because all these services are based on Bitcoin, then the required cost is much lower than the credit card network or PayPal.
# Low risk for sellers - Bitcoin transactions are very secure, irrevocable, and do not contain any personal or sensitive information from customers. this protects the seller from loss due to fraud or chargeback cheating, as well as unnecessary PCI adjustments. Sellers can easily expand into new markets where credit cards are not available and fraud rates are very high. the end result of Bitcoin is lower cost, wider market, and fewer administrative expenditures,
.# Security and control - Bitcoin users have full control over their transactions; it is not possible for sellers to create unwanted or unnecessary bills as can happen with other payment methods. Bitcoin payments can be made without including a personal identifier for the payment process. This provides strong protection from identity thieves. Bitcoin users can also protect their money with backup and encryption.
#Transparent and neutral - All information related to the Bitcoin money supply is available in the blocks for anyone who wants to verify or use it in real-time. no individual or organization can control or manipulate the Bitcoin protocol because it is very cryptographically safe. This allows the Bitcoin nucleus to be completely neutral, transparent, and predictable
ArchivedDirect copy from hereFreedom of Payment - Allows you to send and receive money instantly anywhere and anytime. No bank holiday. No country borders. No restrictions apply. Bitcoin gives its users full control over their money.
Very Low Cost - Bitcoin payments are currently processed at no cost or at a very low cost. Users can enter a fee in a transaction to get priority process, so get faster transaction confirmation by network. In addition, the seller processor is there to assist the seller in the transaction process, converting bitcoins into conventional fiat currency, and putting money directly into the seller's bank account each day. Since all of these services are Bitcoin based, the required cost is much lower than the credit card network or PayPal.
Low risk for sellers - Bitcoin transactions are very secure, irrevocable, and do not contain any personal or sensitive information from customers. This protects the seller from losses due to fraud or chargeback cheating, as well as unnecessary PCI adjustments. Sellers can easily expand into new markets where credit cards are not available and fraud rates are very high. The end result of Bitcoin is lower cost, wider market, and fewer administrative expenditures,
Security and control - Bitcoin users have full control over their transactions; it is not possible for sellers to create unwanted or unnecessary bills as can happen with other payment methods. Payment with Bitcoin can be made without including a personal identifier for the payment process. This provides strong protection from identity thieves. Bitcoin users can also protect their money with backup and encryption.
Transparent and neutral - All information related to the Bitcoin money supply is available in the chain for anyone who wants to verify or use it in real time. No individual or organization can control or manipulate the Bitcoin protocol because it is very cryptographically safe. This allows the Bitcoin nucleus to be completely neutral, transparent, and predictable. |
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