serjent05
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July 27, 2019, 03:18:29 PM |
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Hi,
Im new to trading, there are so many coins and I keep reading about bitcoin being unsustainable regarding energy it uses to mine and there are coins coming out with faster transactions time.
If you believe that bitcoin is unsustainable regarding energy it uses then you are generally saying that all industry in the earth is unsustainable because they are more energy hungry than Bitcoin mining. In short, I do not agree that Bitcoin mining is unsustainable, there are lots of renewable energy sources that can be used to supply the energy needed by Bitcoin mining that is already available in the industry. If this is the case, Why is bitcoin considered the main one and its price not crashing from the threat of these other more equipped coins?
Bitcoin is the main one because it is the first one to implement decentralized blockchain. And lots of people wanted to escape the tyranny of these centralized authority of financial institution. Is bitcoin still able to develop and evolve and become energy sustainable and compete with faster transaction times if it is decentralized? No one is able to improve it?
Bitcoin is a technology so yes it is able and capable of evolving and be developed for faster transaction. Developers are working hard to find solutions for Bitcoin to scale for global usage, one of which is the Lightning network and I believe there will be lots of improvement as time pass by. As of the energy sustainability, it is out of question, it will be sustained. |
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Golftech
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July 27, 2019, 03:25:46 PM |
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No need to ask why, because BTC is huge because of the number of people who are using BTC, selling, trading and holding, the community is also large, this is why Bitcoin is on top, and it is because of us, BTC may be very likely to become stable but it still counts of the many people who are relying within BTC.
It will be depends from every people who continuously supporting this industry the market is still growing because of those investors who have a strong faith that this market will keeps on moving forward, the future will dictate itself to whether Bitcoin will become the future or it will continue to play like this. |
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pankowri
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$CYBERCASH METAVERSE
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July 27, 2019, 04:56:40 PM |
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Hi,
Im new to trading, there are so many coins and I keep reading about bitcoin being unsustainable regarding energy it uses to mine and there are coins coming out with faster transactions time.
If this is the case, Why is bitcoin considered the main one and its price not crashing from the threat of these other more equipped coins? Is bitcoin still able to develop and evolve and become energy sustainable and compete with faster transaction times if it is decentralized? No one is able to improve it?
Yes Bitcoin is related with Energy and you can say it sustainable energy. By the way, we can say that future will good for crypto especially Bitcoin. There will be announced some big news which will help Bitcoin to grow or increase it's price and demand more. However, we can't say about future surely but it's a predict and hopefully it will work in future |
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chucho4o
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July 27, 2019, 05:15:20 PM |
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The future is in cryptocurriencies of which bitcoin is the leading coin. Bitcoin determines the future of upcoming coin and its still the father of cryptocurrencies.
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hatshepsut93
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July 27, 2019, 05:49:28 PM |
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Hi,
Im new to trading, there are so many coins and I keep reading about bitcoin being unsustainable regarding energy it uses to mine and there are coins coming out with faster transactions time.
If this is the case, Why is bitcoin considered the main one and its price not crashing from the threat of these other more equipped coins? Is bitcoin still able to develop and evolve and become energy sustainable and compete with faster transaction times if it is decentralized? No one is able to improve it?
You can't just trust everything that you read, there's a ton of people in crypto who are interested in seeing their coin surge, even if it means spreading negative information against other coins. Bitcoin is not unsustainable, mining rewards are decreasing with time, so the need for PoW is not infinite like some minsinformed or dishonest people say. Transaction speed is a matter of security - many coins have block times of a few minutes or less, but their confirmation are not as secure as confirmations of Bitcoin. This is why when you deposit Bitcoin, you are required to way 1-3 confirmations, but with Ethereum it's 10-20 confirmations and more. The real game-changer of transaction speed is Bitcoin's Lightning Network, its transactions are nearly instant. Bitcoin is the king of crypto because it's simply better - all other coins achieve lower fees or faster transactions by trading off their security and decentralization. |
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joinfree
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1A6nybMUHYKS6E6Z3eJFm4KpVDdev8BAJL
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July 27, 2019, 08:13:04 PM |
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Bitcoin is the future of cryptocurencies if you ask me even though it has short falls as it is very slow in confirming transactions. However solutions have started emerging to help improve the transaction speed of bitcoin. I believe once technology keeps on advancing we could really have other solutions as well which would increase the transaction speed of Bitcoin. I don't think any altcoin would ever become greater than bitcoin.
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Crypto Enthusiast supporting innovative ideas for the Liberalization of the world from the Centralized Institutions.
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minersday
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July 27, 2019, 10:29:33 PM |
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Even though bitcoin is decentralized, are people still able to develop it and evolve it to compete with other crypto as time goes by?
Bitcoin is never gonna compete with any other crypto coin but in terms of whether people will be able to develop or evolve Bitcoin, no one can really tell. Bitcoin is simply unique in its current state and working perfect. Almost 80% of cryptocurrencies use Bitcoin's algorithm protocol as their startup protocol. |
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Eildosa
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July 27, 2019, 11:06:16 PM |
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Bitcoin dominates all other cryptocurrencies. Of course it is not perfect and it also has its disadvantages. But it remains dominant and it will not be easy for people to give it up. I think that all the same it will be the number 1 crypto for a long time.
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rodel caling
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July 27, 2019, 11:45:48 PM |
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I think the future really is Bitcoins as it is the most dominant Cryptocurrency in the market right now and also it's decentralised.
Most people trust and invest in Bitcoins than any other.
Although legalisation with the government is the most important step before we can say anything about evolution of Bitcoins.
Great you had a point for that mate, legalization is important way for mass asoption worldwide. Just wait and give more time to achieve that of bitcoin because bitcoin compare from the other currencies is very young don't worry the evolution will comes for bitcoin amd the whole crypto currency. |
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Oceat
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July 27, 2019, 11:54:56 PM |
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Bitcoin dominates all other cryptocurrencies. Of course it is not perfect and it also has its disadvantages. But it remains dominant and it will not be easy for people to give it up. I think that all the same it will be the number 1 crypto for a long time.
Bitcoin is like a father of these altcoins that's why most altcoins nowadays are following the trend of it whenever it moves. It may not be perfect yet or some may complain about the imperfection of it. Bitcoin is still the future that would someone's life if they got lucky to invest it during bearish and managed to sell it on bullish. |
3996
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Janation
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July 28, 2019, 12:37:46 AM |
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Bitcoin will always be appreciated is a fact. His limited amount is his advantage. And its introduction into nations depends on the government.
How can you say that when there is a lot of people that even hate it and don't even want to use it? There is a lot of people out there that don't want to use it, you might say this maybe because most of the people you know or talk to know what Bitcoin is and what it can do but there are people that know it and don't want anything from it. We can't do anything about that though, all we know is that Blockchain technology will be huge in the future. |
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xabre
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July 28, 2019, 02:04:29 AM |
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for the future bitcoin will have good price if keep getting support from many investor and government want to allow bitcoin as investment and legal transaction payment, but if bitcoin banned will be bad for bitcoin in the future.
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BlackFor3st
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July 28, 2019, 02:38:37 AM |
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If even 75% of the governments will accept bitcoin then we can really say that bitcoin is the future but it will surely take a while to obtain this stage as there are still advantages and disadvantages of bitcoin that every government will be going to consider before accepting it.
So let's just hope that in 20 years from now, at least 50% of the governments will start legalizing bitcoin.
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kpcian
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July 28, 2019, 10:12:49 AM |
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Day by Day It's getting accepted as a profitable and usable for the future purpose, Most of the Bitcoin holder have some hope that they will get a large amount of money in the coming days, also me. I hope all people are in living in the vague world, Already it's been a tremendous demandable coin all for the future purpose.
If the acceptance matter would come to mind that it will certain that most of the government will add this one as their legit currency it's own demand. That time is not so far. So Bitcoin is the future for me.
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imstillthebest
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July 28, 2019, 10:23:08 AM |
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Day by Day It's getting accepted as a profitable and usable
depends on the user . some find it profitable and usable while some dont . the value also changes every day so we cant say that btc is profitable everyday . future of bitcoin is not yet confirmed because there are people and there are countries that didnt supports it . the value of bitcoin also changes , so you cant say that the future will be bright base on its value . |
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btc78
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⭕ BitList.co
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July 28, 2019, 10:51:05 AM |
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Hi,
Im new to trading, there are so many coins and I keep reading about bitcoin being unsustainable regarding energy it uses to mine and there are coins coming out with faster transactions time.
If this is the case, Why is bitcoin considered the main one and its price not crashing from the threat of these other more equipped coins? Is bitcoin still able to develop and evolve and become energy sustainable and compete with faster transaction times if it is decentralized? No one is able to improve it?
We only have fewer bitcoin to be mined so the thing is Bitcoin price is standing still against all of altcoin for the simple reason and that is there are many of them are already in the market and the trust of every investors is inside bitcoin that’s why the price is constantly on top,asking about other coins with faster transactions?the question is are the stable enough to entrust you money?if does then go invest on them but we will remain on this currency and will always be |
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Genamant
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Trphy.io
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July 28, 2019, 01:08:27 PM |
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Even though bitcoin is decentralized, are people still able to develop it and evolve it to compete with other crypto as time goes by?
One of the reasons that Bitcoin as a the first cryptocurrency becomes number one is its huge community. Because of this, i think, on the contrary, the other cryptocurrencies should compete the existence of bitcoin. 100% right Bitcoin has nothing to prove to any rising altcoins, btc has already proven its value and has established a huge community that supports it. Bitcoin has set the standard that altcoins should follow. |
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Wipangga
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July 28, 2019, 02:35:42 PM |
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if I think bitcoin is also the most important coin made and also very popular all over the world, and for me bitcoin is also a good thing for me to invest in the long term, because now the development of the price of bitcoin is also starting to give good prices this year
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Naughty Princess
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July 29, 2019, 11:17:18 AM |
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I can still say that Bitcoin is the future and that will never change. Even there are many Altcoins that come out every day, I would still keep my confidence to Bitcoin. I know that the people behind Bitcoin will never let the mother of all coins lose its value or the development of Bitcoin will stop.
I agree. Bitcoin has many supporters and investors because it is the most trusted crypto. This is the foundation of all coins which make it to have strong market. Keeping bitcoin is better than having altcoins that lose the value on the market and only stay for short run. |
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Betwrong
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I stand with Ukraine.
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July 29, 2019, 12:42:33 PM |
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Even though bitcoin is decentralized, are people still able to develop it and evolve it to compete with other crypto as time goes by?
No technology is perfect from the very beginning, and Bitcoin is not an exception to this rule. "In Bitcoin we trust", some people say, but I personally trust not in Bitcoin itself, but rather in the current team of developers behind it. Bitcoin Improvement Proposals (BIPs) are being submitted and considered constantly. So, yes, BTC is an evolving organism. You can learn more about BIPs by following the link below: https://github.com/bitcoin/bips |
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