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Author Topic: Most important question you should ask yourself regarding bitcoin concept:  (Read 62 times)
KingScorpio
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June 25, 2018, 04:00:51 AM
 #1

is:

jes we hate the poverty, inefficiency, gambling, the waste of ressources, centrism and arrogance of the national banking cartels.

satoshi wanted to reduce their influence with bitcoin, bitcoin isnt designed for more and its not great for more.

but why should competitive installation of computation power be the solution/replacement for that?

there will be countless pos encription services up running like waves. that will stay stable. and organisations will use.

regards

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June 27, 2018, 05:22:41 AM
 #2

Yes you are right and I haven't on that way. Thanks for your pointing the fact and I will surely explore the issue.
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June 28, 2018, 07:47:06 AM
 #3

I answer lot of this question-Is bitcoin is a good choice for investment? We know nowadays people are aware and they always invest profitable site. That’s why i suggest them invest on bitcoin because it is a profitable site.
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June 28, 2018, 08:25:16 AM
 #4

is:

jes we hate the poverty, inefficiency, gambling, the waste of ressources, centrism and arrogance of the national banking cartels.

satoshi wanted to reduce their influence with bitcoin, bitcoin isnt designed for more and its not great for more.

but why should competitive installation of computation power be the solution/replacement for that?

there will be countless pos encription services up running like waves. that will stay stable. and organisations will use.

regards
POW is a solution in the past to overcome it, maybe you think that POW is less effective because it requires complex hardware and lots of power/electricity to run the hardware, yes I'm also thinking about it, nowadays I think POS is more effective than POW, in the future POS will revolutionize and be a better solution for it

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June 28, 2018, 09:35:16 AM
 #5

well there is nothing you can do about it.
bitcoin is designed like this and it is a good design. and that design is accepted by everyone and it works with a high security that is required but such a huge system that is dealing with millions of dollars every day.

and this system will increase its popularity because it is working fine and it is useful. and because of that its price will continue to go up whether you like it or not.

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June 28, 2018, 10:10:10 AM
 #6

is:

jes we hate the poverty, inefficiency, gambling, the waste of ressources, centrism and arrogance of the national banking cartels.

satoshi wanted to reduce their influence with bitcoin, bitcoin isnt designed for more and its not great for more.

but why should competitive installation of computation power be the solution/replacement for that?

there will be countless pos encription services up running like waves. that will stay stable. and organisations will use.

regards

It is because the bitcoin network is designed that way. It is surely designed to reduce the influence of centralized banking cartels, but without the worldwide computing network installations, how bitcoin would have existed? Decentralization here effectively means that the network can't be controlled by a single entity, rather every single computer connected with the network, owns their fair share of the network based on the computing power they generate. No one can claim super control on the network. That's the main reason for the requirement of computer installation.

We are at a very nascent stage as of now and bitcoin has not yet reached the critical mass of adoption. There are few companies though offering POS services for bitcoin payment but there are a lot of legal limitations. So it is easier said than done!

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June 28, 2018, 11:58:42 AM
 #7

I think you should learn more based on crypto market how its works and how to use also they offered various types of projects also this tech was innovation for digital world based on this the price mainly varies for demand and supply so you need to get clear idea.
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July 01, 2018, 08:51:12 PM
 #8

Bitcoin has created employment opportunity for many people and it is designed for the betterment of people making it decentralised so that they can do transactions in convenient way.
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July 02, 2018, 11:59:32 AM
 #9

Yes, you are right.We should use this technology to reduce this sorts of problem in the society. But for that to happen, people needs to come in contact with the technology first.
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July 02, 2018, 12:03:47 PM
 #10

is:

jes we hate the poverty, inefficiency, gambling, the waste of ressources, centrism and arrogance of the national banking cartels.

satoshi wanted to reduce their influence with bitcoin, bitcoin isnt designed for more and its not great for more.

but why should competitive installation of computation power be the solution/replacement for that?

there will be countless pos encription services up running like waves. that will stay stable. and organisations will use.

regards

Yes, that is a fact and that makes bitcoin become more complex than traditional money. And with this so-called competition of hashpower to compute the monopoly of mining bitcoin belongs now to the large corporation who has the ability to produce more mining power and hardware. Though bitcoin is decentralized the mining industry of bitcoin becomes centralized due to monopoly of large mining farms.


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July 06, 2018, 04:50:23 PM
 #11

Get a very clear idea how the world of crypto currencies function. Then view the projects, its uniqueness and the team management. And never fall for coins simply by looking at the price because they are never stable in the market. Always see the demand the coin holds in the market.
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