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Showing 20 of 27 results by Hiroyuki879
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Board Bitcoin Discussion
Re: What will happen with Bitcoin if it never scales?
by
Hiroyuki879
on 11/10/2018, 05:37:12 UTC
The problem is, the current landscape of the Bitcoin ecosystem is very different from what it used to be back at the inception of the cryptocurrency. The number of people involved has grown from a few dozens of passionate enthusiasts to over 10 mln of everyday users.
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Board Bitcoin Discussion
Re: Bitcoin can be a national treasure.
by
Hiroyuki879
on 10/10/2018, 12:12:53 UTC
Bitcoin is truly a treasure for someone who achieved even a single piece of it. Its value transcends that of a precious gold dust, proven that most people spend most of their time and effort to gain one bitcoin atleast. One can say that a bitcoin can replace everything; from salary, currency and that of a treasure. A country with its citizen having much reserve of bitcoins can be a powerful economic advantage.
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Board Bitcoin Discussion
Re: What problems cryptocurrency will face in the near future?
by
Hiroyuki879
on 09/10/2018, 07:55:03 UTC
One of the biggest changllenges would the energy needs around scaling. Adoption also would be a challenge as not governments would agree to it.
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Board Bitcoin Discussion
Re: is it true that bitcoin is a disaster for local banks
by
Hiroyuki879
on 06/10/2018, 05:20:06 UTC
Why are bankers afraid of Bitcoin’s impact? Easy, it will lead to ripples across the financial sector, it will create new winners and losers, and it will likely decentralize banking services and create micro markets to an extent not seen since the advances of the barter economy and the market economy combined. In fact, this is what the Internet of Value is all about—erasing the distinction between bartering, money and service exchange in any market. Once each potential good has a financially tradable and storable equivalent, “a bitcoin,” if you will, trade will explode in a myriad of directions impossible to predict by current algorithms. Intermediaries will come and go, and the end points of exchange nodes will become more important. To many bankers, this is a scary thought. To everyone else it is likely quite liberating.
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Board Archival
Re: The Founder of Bitcoin
by
Hiroyuki879
on 05/10/2018, 11:05:41 UTC
One of the biggest mysteries in the technology world is the identity of Satoshi Nakamoto, the computer programmer who invented the digital currency bitcoin.
Experts agree that uncovering Nakamoto's identity could have an immense impact on bitcoin's economics and internal politics.
Nakamoto is believed to possess about five percent of the entire cryptocurrency. Today, that stash is worth over $5 billion.
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Board Bitcoin Discussion
Re: Is it still worth mining bitcoin in 2018 ?
by
Hiroyuki879
on 04/10/2018, 05:39:48 UTC
The answer to this question is it depends on where you live and what level of investment you’re willing to make. You may find that you live close to a renewable energy source and therefore, can run the most powerful mining rigs possible without killing your profits on electricity.
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Board Bitcoin Discussion
Re: Bitcoin has stabilized?
by
Hiroyuki879
on 03/10/2018, 05:50:53 UTC
Probably not, since the market is still correcting after the last bull run. There's a chance it might, driven by LN or some unforeseen event like getting SEC approval for Bitcoin in ETFs early. At this point it seems very unlikely it will catch up to the prices seen last December, but it might jump up a couple thousands more.
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Board Bitcoin Discussion
Re: LIKE IT OR NOT, BITCOIN IS AN INVESTMENT
by
Hiroyuki879
on 01/10/2018, 06:13:26 UTC
Bitcoin is an investment,I do fundamentally believe that blockchain technology will ultimately change the way money moves from one place to another.
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Board Bitcoin Discussion
Re: What if Government bans Bitcoins?
by
Hiroyuki879
on 29/09/2018, 05:33:22 UTC
If your Country bans Bitcoin, transfer your Bitcoin to a wallet of a foreign country (Coinbase operates in 32 countries). If you want to cash in, then use third party services like Virwox to get USD in Paypal, then use Paypal to get cash in your local currency.

Bitcoin is like Torrent, peer to peer and you can’t block it. If you have access to internet, You can use Bitcoin anytime, anywhere!
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Board Bitcoin Discussion
Re: Can Bitcoin Become Mainstream In The Next 10 Years?
by
Hiroyuki879
on 27/09/2018, 05:28:36 UTC
 Bitcoin is already mainstream. Mass adoption would make more sense in your article. The only reason bitcoin is not on the mass adoption train is becuase of FUD news scaring people in the belief that bitcoin is used for crooks. Just bullcrap... Also the government is involved and they are trying to control it. Eventually mass adoption will happen sooner than later.
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Board Bitcoin Discussion
Re: Why do we need to regulate digital money
by
Hiroyuki879
on 26/09/2018, 05:29:42 UTC
Regulation will not prevent future bitcoin crises, but it can help manage their impact and minimise the disruption caused. This is critical. As humans, we have strong aversions to loss and uncertainty. Regulation provides an emotional salve that soothes our tail risk.
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Board Off-topic
Re: Soon we would not need banks
by
Hiroyuki879
on 24/09/2018, 05:57:56 UTC
Agreed.The majority of people in emerging economies, and a significant minority in developed ones, are unbanked or under-banked.
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Board Bitcoin Discussion
Re: BITCOIN = FUTURE
by
Hiroyuki879
on 21/09/2018, 10:55:08 UTC
We see the biggest risk to Bitcoin being its substitution and/or parallel use by other crypto currencies. Bitcoin die-hard fans claim that this is never going to be an issue since Bitcoin was the pioneer and as such enjoys first-mover privilege. This argument is probably flawed because although the BTC is used for payments, this is only a relatively small % of all Bitcoins. One of its primary uses is being a store of value and for this reason other crypto currencies can always step in and enjoy similar status if aggregate demand requires it.
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Board Bitcoin Discussion
Re: High risk results to high rewards
by
Hiroyuki879
on 18/09/2018, 12:43:58 UTC
One of the most basic tenets of investing is that you should be rewarded for taking on extra risk. I mean, who would accept a high-risk investment if the maximum potential payout was lower than burying cash in a shoebox under the apple tree? And in case you get any bright ideas, there is a black bear who regularly eats from that apple tree which is why it makes such a great spot to stash the cash.
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Board Bitcoin Discussion
Re: Why you should stay off from market prediction
by
Hiroyuki879
on 17/09/2018, 12:14:55 UTC
Predicting short-term movement of any stock or the market in general, not only calls for an ability to correctly predict all these parameters but also an ability to predict how the majority of investors would react to each of these events. It is beyond the scope of almost all investors to correctly and consistently predict these things.
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Board Bitcoin Discussion
Re: If you were to spread the word of Bitcoin..
by
Hiroyuki879
on 17/09/2018, 05:23:38 UTC
Bitcoin is the cheapest way to send international payments. As someone who works online, I’ve tried many different payment options and Bitcoin is the cheapest.
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Board Bitcoin Discussion
Re: Is it too late to invest in bitcoin? Is it a bubble?
by
Hiroyuki879
on 11/09/2018, 06:10:30 UTC
it is never too late to invest.Be it bubble or not, it is making money for me and lots of people who took the risk(high risk, high reward is probably the first rule of any investment).
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Board Bitcoin Discussion
Re: Is Bitcoin safer than banking?
by
Hiroyuki879
on 10/09/2018, 11:23:54 UTC
Peer-to-peer technology is placing more power in the hands of individuals and Bitcoin is a serious upgrade to our money.Bitcoin doesn’t have any spending limits which means you can send as much money as you need. Doesn’t this make better sense than being told how much of your hard earned money you’re allowed to spend?
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Board Bitcoin Discussion
Re: Why do people need to use Bitcoin for Money laundering?
by
Hiroyuki879
on 07/09/2018, 06:34:52 UTC
 Because Bitcoins are not linked to a person’s identity and only depend on the private key connected to the Bitcoin account. Since Bitcoin is a decentralized network, there is no central record-keeping mechanism that governments or financial institutions can after.
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Board Bitcoin Discussion
Re: Bitcoin has no competition
by
Hiroyuki879
on 06/09/2018, 10:26:57 UTC
Bitcoin definitely has competition!

There are several issue with bitcoin which are solved by other cryptocurrencies

Slow transactions which can take upto an hour
High transaction fees
Internal/governance issues
If we look at Ethereum it provides faster transactions at a lower fee. Ethereum also enables wide range of application by the means of smart contracts.