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Showing 20 of 67 results by Michael_Cox
Post
Topic
Board Marketplace
Re: A marketplace that has no owners?
by
Michael_Cox
on 29/11/2018, 07:51:12 UTC
I found recently this article ( https://www.decentpropaganda.com/virternitys-distributed-exchange-network-could-put-crypto-exchanges-out-of-business/ ) and it's more or less what i was talking about.. a marketplace with no owners.. a trading place for more currencies.
What do you think about it?

I think you're talking about Virie, which is about everything you just described. When you use Virie, you don’t need to disclose your identity or the purpose of the payments; you can transfer any sum without providing anyone with any data, or original or copied documents; since the system cannot freeze an account, nobody can ask for documents (such as ID) to release the funds. There's more information on their website https://virternity.com/virie, though it may not be enough for some people because crowdfunding is still going. Isn't it?
Post
Topic
Board Serious discussion
Re: China *slowly* taking over the world?
by
Michael_Cox
on 29/11/2018, 07:39:57 UTC
What's next? What's next is China might start an all out war with the United States if Trump didn't comply. Remember they hired recently graduated high school students to make AI weapons for them, including harmful chemicals they can release into the atmosphere that will be fatal to their enemies. It's not just US either. China is also invading the Philippines little by little. In a few years time the Philippines will become a state of China. It's already happening now.
Post
Topic
Board Speculation
Re: Todays reality..BTC price $3,600
by
Michael_Cox
on 29/11/2018, 07:22:38 UTC
Expect a move in the next day or two, either down to $3200-$3300 or bouncing back to $4000-$4200. Probably the former because there's still far too much optimism around, for that reason I'm not convinced we've reached a bottom.

Hopefully it bounce back up, though you're probably right. It might still go down to $3200. I just hope it won't go lower than $3000. We are almost at the end of 2018, why can't we have a happy holidays by giving us higher bitcoin price? Even a small bump in the price would be better than see it go down more and more. Sad
Post
Topic
Board Economics
Re: Technology improves we work more.
by
Michael_Cox
on 29/11/2018, 06:40:18 UTC
Millennials aren't buying a house of their own because it's way more expensive than renting. Plus with the amount of salary they are getting, and their lifestyle, plus the debts they need to pay, did you really think they can afford a house? Also, I disagree that technology makes people work for longer hours. If any, automation makes our work faster.
Post
Topic
Board Economics
Re: Young people will drive Bitcoin adoption more than the older generation.
by
Michael_Cox
on 20/11/2018, 17:25:56 UTC
I do. Younger generations are more open to anything virtually so I won't be surprised if this generation paves the way for mass adoption of cryptocurrency. Not just bitcoin, but altcoins as well, because not everyone would be able to afford buying a single bitcoin. Especially if a celebrity suddenly starts endorsing bitcoin and cryptocurrency? You can expect a lot of young people joining the crypto world.
Post
Topic
Board Speculation
Re: What we can do now other than saying HODL?
by
Michael_Cox
on 20/11/2018, 17:19:48 UTC
What I'm most wondering about is that people keep saying the price will rise by the end of the year. It's almost the end of November now yet the price of bitcoin continues to fall down. Should we just get used to this kind of price range and hope that next year will be better?
Post
Topic
Board Off-topic
Re: Could Elon Musk have been wrong about AI?
by
Michael_Cox
on 20/11/2018, 17:05:31 UTC
Unlike the cognitive abilities of a human being with emotion being a factor in our decision making, AI would not have that same decision making factor therefore the AI would act logically in any situation regardless of remorse, but I hope the coding would make it not resort to violence and lethality. 

That description reminds me of a psychopath, who feel no such remorse when they did something wrong. Assuming we are talking of an AI that can think on its own, it makes me think if AI will be like that. They are intelligent, even more intelligent than the smartest human, but they are incapable of empathy.
Post
Topic
Board Serious discussion
Re: Solar energy is the future. I want to save my planet!! What about you?
by
Michael_Cox
on 20/11/2018, 16:53:34 UTC
It's not about fixing what has already been destroyed and what will be destroyed regardless at this point, but about minimizing the losses.

We should do whatever is in our best ability to slow down global warming and limit it's impact on the ecosystem.

Why minimize the effects when we can prevent it? Yes at this point in our lives it will be very hard for people to adjust to what we were used to but unless we change our habits that hurt the environment, adjust our lifestyle then we might as well just pack our emergency bags and prepare for the worst.
Post
Topic
Board Bitcoin Discussion
Re: Series and films in which Bitcoin appears (Collection Thread)
by
Michael_Cox
on 20/11/2018, 16:26:09 UTC
Unfriended: Dark Web featured bitcoin heavily in that movie. It was used in a not so good way but it was still used somehow. You might wanna add it on you list too.

https://www.imdb.com/title/tt4761916/

About the movie:
A teen comes into possession of a new laptop and soon discovers that the previous owner is not only watching him, but will also do anything to get it back.
Post
Topic
Board Speculation
Re: New Bitcoin growth in 2019
by
Michael_Cox
on 13/11/2018, 10:47:02 UTC
There's no doubt bitcoin can reach up to $20,000 but 2019 may not be it, given the current situation it's in. It's almost the end of the year, yet bitcoin's price still plays around $6k. It will take some miracle before it jumps immediately to $20k next year. But maybe it will rise gradually, maybe even $10k but $20k? We can all just hope.
Post
Topic
Board Bitcoin Discussion
Re: Stop calling Bitcoin ''stable'' it's not.
by
Michael_Cox
on 13/11/2018, 10:39:08 UTC
Probably they are referring about the 6K usd market price stabilization though generally bitcoin will not become stabilized due to its current system that is decentralized. It may be better if we will not consider bitcoin market price stabilization. I agree with you OP. We should stop calling bitcoin stable in its market price.

This is it. It will take years before bitcoin becomes even remotely stable but because the market price has been sitting around the same price these days, people say it is stable. Besides, if it's already stable, then how come nothing changes in the market? People say stability will make companies want to adopt bitcoin but has it happened? No. Absolutely not yet.
Post
Topic
Board Speculation
Re: Is this the end of the Bitcoin??
by
Michael_Cox
on 09/11/2018, 16:14:01 UTC
No it's not. It's gonna take a long time and a worst dip than this to take bitcoin down. If you look back into bitcoin's history, you'd realize that it has experienced a way lower drop than this. So relax. Hold on to your coins, bitcoin is here to stay.
Post
Topic
Board Bitcoin Discussion
Re: Can we overcome the hard times?
by
Michael_Cox
on 09/11/2018, 16:02:31 UTC
Of course! Bitcoin has been through worse dip than this before so of course, it will survived. As long as someone is mining it and there is still a demand for bitcoin, it will always survived, even if it means the price go as low as $1USD. Relax man. Bitcoin is fine.
Post
Topic
Board Economics
Re: LETS KICK OUT POVERTY USING BITCOIN
by
Michael_Cox
on 07/11/2018, 17:20:22 UTC
So if we focus on the thread title "lets kick out poverty using bitcoin" i would
Love to know how exactly this is going to happen because i cant see it?

Those with lots and lots of FIAT can potentially have lots and lots of crypto.
How are those with very limited resources ever going to aquire a notable
amount of bitcoin?

This. Plus, even without using bitcoin to "kick out poverty", those who have lots and lots of fiat could have done something about it. Why don't they help the poor? And you're right. If you're barely scraping by every single day, how exactly are you going to be able to afford a single bitcoin? Unless some rich-ass person would donate a coin to you, it's impossible that this will ever happen.
Post
Topic
Board Bitcoin Discussion
Re: Will usage of bitcoin reduce the value of native currencies?
by
Michael_Cox
on 07/11/2018, 17:12:19 UTC
I think  fiat currencies are loosing value all the time regardless of bitcoin... the price of bitcoin doesn't have to change for it to increase in value against fiat

Well probably it has a point. But then, the value of the currency depemds of what currency it is. As we can see the USD has a stable economy but then there are analyst who says that dollar is going down.  But then we can conclude that today bitcoin do not have an effect.

Still, it might not be enough for fiat to continue losing its value. Currencies go down and up all the time, it doesn't mean that it will lose its value just like that just because of bitcoin. Especially not USD. It's way too big a currency to lose its value over a virtual currency just like that. Plus, there are still more people using their native currencies. Even us, bitcoin users, we still use it today because it's what allow us to pay for goods and services. Doesn't mean though that bitcoin have lesser value over fiat.
Post
Topic
Board Bitcoin Discussion
Re: bitcoin is most likely going to die, here is why...
by
Michael_Cox
on 07/11/2018, 17:04:50 UTC
Sorry but how can you make these claims about bitcoin ending when you said it yourself that you don't own any bitcoin? Reading and learning about it is one thing, but to be able to really understand the market you have to have experience having your own coins. Seems to me that this is just a way to spread fear and paranoia among the users. Please stop.
Post
Topic
Board Marketplace
Re: What kind of growth would last? Quick growth or slow and steady growth?
by
Michael_Cox
on 05/11/2018, 18:04:47 UTC
Slow and steady. We can't say for sure when the price of bitcoin will start rising rapidly again, bit if predictions are correct then we shall expect a rise by the end of the year. Hopefully, it will start improving the market. Quick growth would be harder to recover from if the price drops down just a day later.
Post
Topic
Board Economics
Re: A Cryptocurrency Millionaire Wants to Build a Utopia in Nevada
by
Michael_Cox
on 05/11/2018, 17:54:10 UTC
Well, this is crazy idea. But sometimes crazy ideas like this have great impact on society. I wish him luck with this project, also I hope that he will gather experts around this project which are competent enough to put this idea into reality.

Agreed. Otherwise he will just be wasting his hard-earned cryptos for nothing. It's a great plan, but without professionals to guide him, he might as well be giving out his coins to people and he will be left with nothing.
Post
Topic
Board Bitcoin Discussion
Re: What do you want to see for Bitcoin - A stable or a volatile market?
by
Michael_Cox
on 05/11/2018, 17:47:53 UTC
What do I want to see for bitcoin? I want to see business establishments start accepting bitcoin as alternative payment options, and maybe for companies to pay their employees with bitcoin. If companies do this, more people will be inspired to use not just bitcoin but other coins as well, regardless of the price.
Post
Topic
Board Bitcoin Discussion
Re: Problems with banks you have faced
by
Michael_Cox
on 02/11/2018, 17:00:03 UTC
The fact that if I need to withdrawal over $2-3k I need to call them so they can have the money ready

I tried to take out $5k one day and was told the bank does not have that much cash.... Huh

I get it, but I don't like it.


I hate withdrawal limit, especially when you have to go to the bank to do it. I also hated waiting for days before they give your money back to your account when you encountered problems with one of their ATMs, sometimes they're not even sure if you will get your money back.