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Showing 20 of 69 results by Renr
If your talking that much why not just invest in a hardware wallet like a Trezor?
They changed their software license from GPL to a much more restrictive license. A dick move that moves away from the open nature if the bitcoin ecosystem.
Multisg.
Disclaimer: I work for a multisig wallet, Coinkite. That's where I keep my coins. Regardless who you use, make sure you don't have a single point of failure, as loss can also happen. For large amounts, I suggest a mult-signature setup where the majority quorum of keys is generated offline. Our info here
Empowering women is a key to inclusion. Many umbrella Ngos wont fund projects unless there is a gender balance. Perhaps, next time I purchase tokens at ICOs, I shall check to see how many women are on board, and in decision making positions. Cryto-feminism shall come together.
Even if bitcoin or other cryptocurrencies shift their focus towards transactions, don't you think the deflationary nature of these currencies is a problem? I remember reading someone bought pizza with 10000 bitcoins in 2010. I feel that I will always be buying figurative pizzas (compared to what I could buy in the future) with any of these crypto currencies, if I were to transact with them. What are your thoughts on the deflationary nature of bitcoin etc?
This is how I see it. Correct me if I am wrong. If a percentage of the population makes a large amount of money would that money not be put back into the economy of that said country? Or does the government worried that they are running such a shithole of a country that everybody's going to flee once they get a few dollars in their pocket? I believe it is for the better of mankind. Live the way we are supposed to live without the continual pressure of the government dragging everybody down and robbing them blind.
Banning the whole Crypto currencies? This seems a type of useless as I don't how would that even work? How would they prevent everybody from not using the Crypto currencies? This is just like a situation that happened in my country some years ago when Youtube and Facebook were banned in the country but still the people were using both of them using proxies and nothing happened.
Respect! Hold on to that spirit, my friend!
These are bad news if it's true but at the end the people will any way use Bitcoin no matter if government bans it or doesn't ban it... I don't see it as something that would threat the BTC price to get lower or to anything bad happening to BTC because of this.
Will we ever use Bitcoin for day by day use? Buy a bread, a phone, a car, an appartment? Or Bitcoin will more likely be a way of just storing value and we have to rely on altcoins to use them daily?
I prefer your second opinion like BTC to be storing value. The costs prove it us. I dont think BTC will go down to costs of alts so we will use them for daily.
Just a heads up to anyone getting into this field. Amongst the genuinely revolutionary tech is a minefield of scams and people simply pumping their own investments. For every over night millionaire there is a bunch of bag holders. Be very wary of people recommending this or that. Do your own research. Don't get emotional and 'panic buy'. And only invest what you can afford to loose. It's truly un unregulated wild west. Be careful.
Yes, Bitcoin will perhaps solve it's problems. But at least Ethereum has a roadmap with plenty of developers working within to advance it's technology.
I do a lot of research and all should do the same. The projects I mentioned are pretty solid. Most importantly these are relatively still in early stages of development or growth, bigger risks or bigger rewards, if as this article suggests crypto will go mainstream.
Sorry..replied to wrong comment. Guardian doesn't allow you to delete??
Not the least of which is the utter bullshit spouted by the people behind it in this piece. It's pure word salad.
Etheruem is completely different to Bitcoin and it has already forked once so it is not immutable, it is inflationary with no cap on supply etc, it is nothing like Bitcoin and is not many as a store of value or payment method.
It`s because BTCChina and ViaBTC, two biggest BitCoin markets in China, is shutting down. My suggestion: do not invest in BitCoins right now, everything was rising must fall. Just wait, till BitCoins will fall on 7080% and then you can buy them again.
Money has been practically the same for hundreds of years, controlled at a centralized source, etc.
Money is now entering an new era, acquiring new dimensions, becoming decentralized, and becoming smart
It will take a while for people to get used to this, but they will....
Money is now entering an new era, acquiring new dimensions, becoming decentralized, and becoming smart
It will take a while for people to get used to this, but they will....
As an alternative to money yes, as the only currency, don't think so. I even think that Steemit has more chances than Bitcoin.
Bitcoins main problem is that it's not centrally controlled. Currently each transaction on the blockchain uses kWh, equivalent to, on average, 2-3 days of electricity in a UK house.
It's not scalable and it's grossly inefficient because of it.
You don't understand. Not being centralised is the whole point. As for energy waste, do you realise how many computers and buildings full of people are working right now to process that sandwich transaction you made at lunchtime?
Not being centralised leads to gross ineffeciency in the name of "security" which turns out to be a false promise to begin with because bitcoin is so difficult and impractical to use in reality that every single transaction system involves using a third party application run from a centralized location which has far, far less security than the underlying protocol, rendering the entire thing pointless to begin with.
Well perhaps if traditional financial systems weren't so corrupt, people wouldn't feel a need to diversify to something not controlled by the 1%.
I dony think it will. Real money is still real money. And i dont think a lot of normal people know about it. Based on what ive read
Nobody knows how many bitcoin users there are but there were 11.48 million bitcoin wallets in existence in January 2017 according to Blockchain.info. Each bitcoin wallet is a potential customer for an online merchant."
So I would say a safe guess is anything less than ~11.5 million. The obvious next question is the average amount of addresses per person and how many people are using cold storage. So essentially 11.5 million / 7.5 billion global population would give us ~0.15% of the population actually owns a bitcoin (my estimate is less)? An interesting indicator of bitcoins potential in the future.
Maybe they know about it but they are not paying too much attention. People still tend to use real money on everyday basis.
I dont think a lot of my long time friends are interested on cryptos even im telling them how big this will be in the future smh
Nobody knows how many bitcoin users there are but there were 11.48 million bitcoin wallets in existence in January 2017 according to Blockchain.info. Each bitcoin wallet is a potential customer for an online merchant."
So I would say a safe guess is anything less than ~11.5 million. The obvious next question is the average amount of addresses per person and how many people are using cold storage. So essentially 11.5 million / 7.5 billion global population would give us ~0.15% of the population actually owns a bitcoin (my estimate is less)? An interesting indicator of bitcoins potential in the future.
Maybe they know about it but they are not paying too much attention. People still tend to use real money on everyday basis.
I dont think a lot of my long time friends are interested on cryptos even im telling them how big this will be in the future smh
Though Bitcoin is a very promising commodity, still I think it cannot replace the real money. For one, any government will not hold anything that they cannot control and bitcoin for that matter is an example. It is a decentralized currency, meaning no one has a direct authority over it.
What if people all of a sudden stop using the paper money ? All of a sudden everyone wants to keep trading/paying stuff with cryptocurrencies.. which means that paper money will be out of use and banks/government money printing facilities will stop working.How are governments gonna deal with that ?
2011 from a podcast. Downloaded the client but couldn't figure out what it was doing (other than slowing my computer to a crawl) so I kinda forgot about it. I think it was $5.
Next time I heard about it, it had hit $266 after the Cyprus bail-in and I was like what the actual FUCK. Bought in around $70, am hodling.
Next time I heard about it, it had hit $266 after the Cyprus bail-in and I was like what the actual FUCK. Bought in around $70, am hodling.
The market is in an amazing bull run, if people want to short the future contract, they gotta own bitcoin first, not a few k, but 50,000 at least to manipulate the market at this point. In addition as I see CME and CBOE only limit 5,000 contract (5,000 BTC) per account, so it is a downside for some1 who wanna short. And the most importantly, the future contract expire in a specific day, so I do not think we need to worry about 10 Dec or 18 Dec, maybe weeks later on expired date.
I guess that's kind of what people are worried about... that the main reason behind this (extended) bull run is the big players loading up on coins meant to be used to push the price down. Didn't know about the specific expiry date, still, that would make a flash-crash only more likely since there'll be a lot of people with a strong interest to push the market down at this specific point in time.
I think nothing special in selling house. House is a possive. You could turn it to an active. One friend of mine lended house and sold his Lexus in May. He returned it in September and made x2 in dollars. So it depends on you.
Exactly my point. You will be better off making the smallest down payment and then getting a 30 year mortgage and keeping the rest in bitcoin.
I know it's old fashioned but I like the idea of just owning it outright from the start.
Nothing like the security of owning your own place outright. Congrats bro!
Excuse my ignorance on the topic but you say short selling is harm, however, I don't think you mentioned what short selling is. I am not familiar with the term. Could you please explain.
Assalamualaikum.
I want to know about my investment with bitcoin.i don't know how to describe my investment etheir it binary or what.
I give example.
I invest 0.005bitcoin.the company have 2package with is
1) 147% profit for 6week, daily profit 4.5%
2) 180% profit for 9week, daily profit 8%.
My question is...It's Halal or Haram?
Waleikum Assalaam wa Rahmatulahi wa Barikahtu Sabrina.
Thank you for your post. In regards to saying whether this scheme is halal or haram, the truth is, I do not know. You say that this website says that in 6 weeks you will have a 147% profit. The question you have to ask is, "HOW are you making the profit?" "WHERE is this profit coming from?" "WHAT METHOD is being used to make the profit?" Once you have an answer to these questions then you can figure out if it is halal or haram.
Insha'Allah within the next 2 weeks I will release the final part of the 4-part "Is Bitcoin Halal Series" and we will talk about investing insha'Allah.
Take care and Salaam
salam alaykum how are you brother? i wanted to find out if bitcoin is halal, 1 of my relatives traded with it,.. im not sure if its the same but its you put a certain amount of money and after a month that money doubles.. is it halal? buying money with money..please explain to me.. JazakaAllah
Allah bless you
Waleikum Assalaam wa Rahmatulahi wa Barikahtu,
I truly cannot say if what your relative did is permissible or not according to the sharia because there is not enough information provided. I do not know what he was trading or how it was traded so I cannot say. In regards to if Bitcoin is halal, Please see the following blog post - http://www.islamandbitcoin....
May Allah guide us all akhi, Ameen.
JazakAllah kheir for the support.
Salaam
Assalaam Alaik,
Jazak Allah Khair.. I'm enriched. I had been following this series right from the first post.
Even though you didn't explicitly stated that bitcoin is Halal, I think since at least it is not Haram,
can we regard it then as permissible. Like Al-Mubah?
Thanks a lot.