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For me i think so..
http://www.forbes.com/sites/steveforbes/2015/04/02/how-bitcoin-will-end-world-poverty/
READ MORE:
http://www.forbes.com/sites/steveforbes/2015/04/02/how-bitcoin-will-end-world-poverty/
READ MORE:
Firstly, that that URL is no longer showing the right post and redirect to main page.
The new post URL should be this one : https://www.forbes.com/sites/steveforbes/2015/04/02/how-bitcoin-will-end-world-poverty/#20e756602a5a
I just wanna say that is bullshit. I do believe in bitcoin and I hold it. But that article telling us the hyperbolic and just like too ambitious.
"End World Poverty" are you kidding me?
1. First word is "End". Sorry but I disagree he uses this word, except he uses "decrease", it's still make sense.
2. Second word is "World". Does he really knows how many human in the world and how many poor peoples in this world? Let he check world bank website for the latest poverty rates.
Let's make a silly data review :
- World bank data of poor peoples : 768,5 millions (2017) (source : http://blogs.worldbank.org/developmenttalk/2017-global-poverty-update-world-bank)
- World population by Oct 2017 : 7.6 billion (source : https://en.wikipedia.org/wiki/World_population)
- Take sample of bitcointalk members to represent world's citizen who involved in cryptoworld :
BCT members by 11 Dec 2017 : 1.397.486 (source : https://bitcointalk.org/index.php?action=stats)
I just share those data, no need to calculate it or formulate it or whatever . . . Just see those data, and answer these question.
1. Are those poor peoples capable enough to understand how bitcoin works, how to earn it, how to get it?
2. If they are not capable for that, then WILL ALL BITCOIN HODLER makes something like charity to giving away their BTC to those poor? (how selfish they/ you are)
3. Can Bitcoin End World Poverty?
How can the world poverty charged to bitcoin. No more than just a joke.
Hi , I'm new so basically I still have a lot to learn about the cryptocurrency , but I would like to know if it would be possible for the bitcoin to start the downfall ? I mean like what scenario can happen that the bitcoin would be pushed back like 5-6 years ?
Sorry if my post is in the wrong place or it's not relevant.
Sorry if my post is in the wrong place or it's not relevant.
Firstly, I want to underline that PRICE and VALUE are different.
Refers to this https://bitcointalk.org/index.php?topic=140793.0
What determines the PRICE of Bitcoin? The VALUE of Bitcoin at a particular moment.
What determines the VALUE of Bitcoin? The SUPPLY and DEMAND of Bitcoin in the economy.
What determines the SUPPLY of Bitcoin? Currently, the MoneySupply-Inflation rate of 25 BTC every 10 minutes, and traders willing to SELL Bitcoin to BUYERS in exchange for other supplies of money (currencies).
What determines the DEMAND of Bitcoin? Traders willing to BUY Bitcoin from SELLERS in exchange for other currencies.
Therefore: BUYERS, SELLERS, and MONEYSUPPLY-INFLATION (miners) determine the VALUE of Bitcoin, which determines the PRICE of BTC as BUYERS and SELLERS trade based on that VALUE (or supply and demand) of Bitcoin.
We don't exactly know the totality of the supply and demand. Sure, we could try and aggregate data from all the exchanges, but we will never be accurate as there are exchanges which can not be accounted for (OTC). The cool thing is that we DO know the MoneySupply rate, and we DO know the exchange rate. From this, we can determine a real value of Bitcoin when simply multiplying the two factors; a sort of inflation-adjusted view of the currency.
What determines the VALUE of Bitcoin? The SUPPLY and DEMAND of Bitcoin in the economy.
What determines the SUPPLY of Bitcoin? Currently, the MoneySupply-Inflation rate of 25 BTC every 10 minutes, and traders willing to SELL Bitcoin to BUYERS in exchange for other supplies of money (currencies).
What determines the DEMAND of Bitcoin? Traders willing to BUY Bitcoin from SELLERS in exchange for other currencies.
Therefore: BUYERS, SELLERS, and MONEYSUPPLY-INFLATION (miners) determine the VALUE of Bitcoin, which determines the PRICE of BTC as BUYERS and SELLERS trade based on that VALUE (or supply and demand) of Bitcoin.
We don't exactly know the totality of the supply and demand. Sure, we could try and aggregate data from all the exchanges, but we will never be accurate as there are exchanges which can not be accounted for (OTC). The cool thing is that we DO know the MoneySupply rate, and we DO know the exchange rate. From this, we can determine a real value of Bitcoin when simply multiplying the two factors; a sort of inflation-adjusted view of the currency.
Secondly, almost everybody here reply this thread by spotting on the PRICE, not the VALUE like the thread starter asking about, look at the title, it's "Is it possible for the bitcoin to lose it's value?"
Third, the answer is yes it can lose its value since value determined by supply and demand. Peoples makes supply and demand, they moves the chart up and down.
I think the main point is not about the "paper" or not, but the currency itself. Assume all nation worldwide has paper money of their currencies. They (every country) can make "non-paper" or digitalized money IF THEY WANT. Ex; Japan can make their JPY in digital version, US also can make their USD in non-paper money if they want to. The matter is as long as the value of that currency is as expected in control, no matter the physics. Once more every country can make their currency in non-paper, means paper money extinct (IF THEY WANT)
The question then is why they still considering paper money? The answer can be started from question too : are the grass-root citizens ready to use digital currency? When the rich one also "techie" can make a purchase by just tapping their smartphone on the payment system device, then how the poor-slum-dog can buy something? What to be tapped?
Then I think the answer of your question about the future of money is it can be still exist, or can be extinct.
The question then is why they still considering paper money? The answer can be started from question too : are the grass-root citizens ready to use digital currency? When the rich one also "techie" can make a purchase by just tapping their smartphone on the payment system device, then how the poor-slum-dog can buy something? What to be tapped?
Then I think the answer of your question about the future of money is it can be still exist, or can be extinct.
How will you explain bitcoin to someone who is just hearing this word for the first time.
Or someone who has heard about it but still don't understand how it works.
Can you explain bitcoin in the most Simple way?
Or someone who has heard about it but still don't understand how it works.
Can you explain bitcoin in the most Simple way?
LoL, I never thought before u asking like this. I also will freeze a while when someone ask about this and want to be explained.
I will just explain that bitcoin as part of a financial technology revolution. It is a desentralized cryptocurrency using blockchain-based system that. It can be mined and the value is hold on a basic economic principle, it's supply and demand. And I will ask him/ her to googling it to find out by his/her self.
I will very underlined explanation about how to get it in order to prevent him/her not to get unlucky with many scammers out there.
What do you think is the biggest problem of your country.
As per my thinking in my country Pakistan energy crisis and VIP culture is the biggest problem. If you are from my country then what do you think is the biggest problem and how can be overcome or remove this from our society.
What are necessary steps that one should take to eradicate the problems of their country.
As per my thinking in my country Pakistan energy crisis and VIP culture is the biggest problem. If you are from my country then what do you think is the biggest problem and how can be overcome or remove this from our society.
What are necessary steps that one should take to eradicate the problems of their country.
Here in my country which I can't mention it, I think the main problem is still about trust between citizens to the government in many ways although it can't be marginized and can't be generalized. Somehow in TV and social media there must be critics, complains and many more.
Technology is not always a good thing.
One example is with the children.
In the old days, children used to play outside with their friends.
Now majority of them are just staring at their iPads.
One example is with the children.
In the old days, children used to play outside with their friends.
Now majority of them are just staring at their iPads.
I think technology is wide. But we usually chain it with gadget, social media, internet of things, and something like that. Sometimes we forget that electric car is a product of technology, too. But yes, I know what do you mean. Something like smartphones, gadgets, and all its contents makes human's life different in many ways. One of them is something like it makes the real social life become farther. It's not bad at all. But I think sometimes it kills some softskills like awareness, empathy and some softskills. But it's all depends on the users I think.
It's very useful for Newbies.
I found SCAMMER stand for what.
I think you should add HODL under slank.
I'm looking for what HODL stand for, and I didn't get the exact meaning except as slank or distorted of HOLD
Some people said HODL stand for Hold On for Dear Life.
I found SCAMMER stand for what.
I think you should add HODL under slank.
I'm looking for what HODL stand for, and I didn't get the exact meaning except as slank or distorted of HOLD
Some people said HODL stand for Hold On for Dear Life.
Re: Starting from $0... Is there any possible way to make some money within a month?
Is there any possible way for a complete newbie to crypto that has practically 0 money to invest, to make some money, even over a month or two. I just want to make possibly $100 BTC so I can try turning it into something. I have spent probably 100+ hours researching ICOs and cryptocurrency in general and I am just having 0 luck getting in on anything because I just don't have any money to invest.
Hi, An. I'm new here, but I still wanna give tips that might be useful. Maybe u already know. If u've already researched for ICO like u said, u must be also have met airdrop program, because some ICO also runs airdrop. I think it's more worth it than faucets. U have "capital" as content creator, some airdrop asks their participants to promoting their project through social media, articles, design, translations and many more. besides Medium, u also can write on Steemit. Many people out there also starts from 0, following potential project.
If u talk about time, many airdrop also runs in a very tight-short time about 1-2 weeks. And in the 3rd week is distribution of the tokens. Means, in the 4th week we can trade the token to ETH if it's already tradable on exchanger. So many, possibilities and various type of airdrops, so try those might fits to you and ur ability.
Re: How to Get Started Becoming a Bounty Hunter For a newbie
Well, here I just want to share a way for Newbie to start becoming a Bounty Hunter at Bitcointalk.org ...
Bounty itself is a gift or reward program given to its workers who can be called a bounty hunter who works to promote the project being built by the founder Coins / Tokens, the main conditions of course must have a bitcointalk.org
1. Sign up an account at bitcointalk.org
2. Increase your bitcointalk level
Bitcointalk level:
a. brand new: newly created account
b. newbie: account that has 1 activity
c. Jr. Member: account that has 30 activity
d. Member: 60 Activity
e. Full Member: 120 activity
f. Sr. Member: 240 activity
g. Hero / Legend: 480 activity
3. Participate in the Bounty program
Each project has different terms and rules for implementing their campaigns, the higher your account level the easier it will be to follow a bounty and earn even more. There is usually a requirement that requires the account agan minimal Jr. Member or even must be a minimum Member to follow their bounty program. So by that I strongly recommend agan to read points number 2.
Types of bounty programs that exist:
a. Campaign Sosmed (FB, Twitter, Telegram)
b. Signature Campaign (Siganature)
c. Youtube Campaign
d. Translation Campaigns
e. Blog Campaign
f. Artwork Campaign (artwork)
and many others, depending on the founder or developer of the Coin / Token who created the bounty program ..
4. What is the potential income?
The answer is unlimited !! Depending on your seriousness in following the bounty program ..
Remember !! the higher the account level the greater the possibility of getting rewards (rewards), the more agan follow bounty program then the more also the results that can agan get agan, and in the old agan follow the bounty program it will be the greater the chance of gifts that you get ...
5. Wallet ETH (support ERC-20 TOKEN)
One of the most frequent and fatal things for a newbie when following a bounty program is to insert ETH wallet from an Exchanger or ETH wallet that does not support ERC-20 Token .. In following the bounty program you must have an ETH wallet that must support ERC-20 Token such as:
a. Myetherwallet.com
b. Metamask.io
c. Parity, etc.
For various reasons I myself wear Myetherwallet.com, and I also strongly recommend it.
Bounty itself is a gift or reward program given to its workers who can be called a bounty hunter who works to promote the project being built by the founder Coins / Tokens, the main conditions of course must have a bitcointalk.org
1. Sign up an account at bitcointalk.org
2. Increase your bitcointalk level
Bitcointalk level:
a. brand new: newly created account
b. newbie: account that has 1 activity
c. Jr. Member: account that has 30 activity
d. Member: 60 Activity
e. Full Member: 120 activity
f. Sr. Member: 240 activity
g. Hero / Legend: 480 activity
3. Participate in the Bounty program
Each project has different terms and rules for implementing their campaigns, the higher your account level the easier it will be to follow a bounty and earn even more. There is usually a requirement that requires the account agan minimal Jr. Member or even must be a minimum Member to follow their bounty program. So by that I strongly recommend agan to read points number 2.
Types of bounty programs that exist:
a. Campaign Sosmed (FB, Twitter, Telegram)
b. Signature Campaign (Siganature)
c. Youtube Campaign
d. Translation Campaigns
e. Blog Campaign
f. Artwork Campaign (artwork)
and many others, depending on the founder or developer of the Coin / Token who created the bounty program ..
4. What is the potential income?
The answer is unlimited !! Depending on your seriousness in following the bounty program ..
Remember !! the higher the account level the greater the possibility of getting rewards (rewards), the more agan follow bounty program then the more also the results that can agan get agan, and in the old agan follow the bounty program it will be the greater the chance of gifts that you get ...
5. Wallet ETH (support ERC-20 TOKEN)
One of the most frequent and fatal things for a newbie when following a bounty program is to insert ETH wallet from an Exchanger or ETH wallet that does not support ERC-20 Token .. In following the bounty program you must have an ETH wallet that must support ERC-20 Token such as:
a. Myetherwallet.com
b. Metamask.io
c. Parity, etc.
For various reasons I myself wear Myetherwallet.com, and I also strongly recommend it.
Thank you for the explanation. Very easy to understand for newbie here.
How long it'll take to reach Jr. Member from Newbie? And, Is there any bounty that allows Newbie to participate? Thanks