This post is good and make sense. Bitcoin must be accepted by the government since it is use as business and investments, i think there is none other than that. I think there is no negative side for the government to use bitcoin aside from the fraud people that are trying to steal, scam, and hack.
the government is not very concerned when Fiat is used by scammers. and all of a sudden concerned about the cryptocurrency. most likely, they are concerned about decentralization and will use centralized cryptocurrencies.
I think that elements in the transaction transaction is changed value of the transaction is by the transaction amount in a time interval because because you have a transaction cash to money, fee also high and backwards.
ahead of 2022, when the cost of the block will be cheaper in bitcoins in 2 times. at this time, 20 million bitcoins will be produced and this will be the most difficult point of bitcoin development.
I think that in a few years Bitcoin will take a decent position in the global financial system, and I am sure that in 10-20 years all financial settlements in the world will occur using cryptocurrency.
cryptocurrencies in the future will also compete with each other. the main competition will be at the level of centralized cryptocurrency and decentralized.
I don't think the banks will ever disappear. They can be reduced in number, but people will always need loans and other operations that can be carried out only by the Bank. Therefore, you can not say goodbye to this system.
instead of banks, people will help each other, and this will make the bitcoin blockchain, issue assistance in bitcoin.
It is a very good concept to pay workers with Bitcoin but this also work out when the staff involve knows what is all about Bitcoin and how to conduct a transaction with Bitcoin.
That's the start of the problem if an employee wants to receive bitcoin as his salary but isn't knowledgeable about the swings that usually happens.
Accepting crypto as payment, as salary, as compensation and all related transactions should be known and the receiver is aware of the possible movement that will come suddenly for its price.
currently used to pay through a flat smartphone, then a special smartphone with a crypto wallet will become the usual method of payment for goods and services.
I will keep my 13 bitcoin by myself. Unless the price of my coin is increased. Which will cause me good profit from my coin.
Everyone will do different things to that 13 Bitcoins since in our country, the value of that Bitcoins is great. A million is enough to build a house, start a small business, a lot of things can be done to that but the only problem is that it is Bitcoin. It is not that popular in our country and selling them for Fiat is hard. I guess I will just use that to invest on good projects that will also give me profit in time.
bitcoin is easily changed to Fiat, as the subject of exchange can even buy 13 iron (silver) coins to exchange coins for a package of money.
The target market for bitcoin is investors who have a lot of investment, they will play the market easily. Large investors have the opportunity for this.
today, bitcoin has once again shown that it is the basis of the crypto market. bitcoin is the main Krypto-investment with a share of 54% of the entire crypt.
Post
Topic
BoardBitcoin Discussion
Re: Coin War: Can A Country Officially Back Bitcoin?
Let's clear things up: back in this context means support. I don't see any country backing Bitcoin because there's no way to control it anyway. Some people love throwing in China numbers, but a quick research would tell you that taking control is far more complicated than that.
Ripple could absolutely be backed though, considering they're a central entity. This article is a reach though lmfao. It just assumes that China is in control of Bitcoin and that the US can counteract that by supporting Ripple. Garbage lmao.
if the coins go under the control of any of the countries, it will not create military actions to promote the coins, but will lead to their rejection by the society using cryptocurrencies. any control kills the coin, decentralization is the way to success.
I think, a lot of us saw Bitcoin like tool for freedom. Now most people look at this like opportunity for enrichment. I dont think that rich equals freedom. I know a many rich peoples. They are far from freedom.
It is now evident that just cryptocurrencies is not sufficient to achieve the goal. We need a State at our side. But current States seek to preserve the old order.
State it is a community with uniform rules. Territorial principle dont need for creation of the State in the 21st century. So what do you think what's to stop us to come together and creation a new State now?
I think its impossible to use bitcoin as fiat currency because it goes with lots of risk and also operates in a decentralized system. Many fiat currencies price are very stable why bitcoin is unstable and unpredictable. I believed for bitcoin to be used as fiat by any state or country it must operate in a centralized system which is very impossible.
bitcoin is so good that now it allows you to create additional applications to your blockchain to use fast small payments for goods and services.bitcoin will be used for payment.
this is the middle phase, where there will be a lot of people doing SCAM so that they all don't think about what reputation is, and then when this virus spreads to whales, then everyone will destroy the existence of cryptocurrency. be careful in this phase, because early adopters are people who believe bitcoin will be big, always talked about by anyone and he is accused of being crazy
as early investors in bitcoin, we have become knowledgeable about the new technology. then it depends on us how we apply our knowledge. bitcoin is universal, it can be used in different directions and not only as an investment, but simply as a coin for mutual settlements. knowledge is power.
I think any digital currency has the potential of being used in a state, country or the world. The technology is capable of it, its just a matter of governments, institutions, organizations and societies accepting it as their new currency.
the country's government is more likely to issue its controlled currency than it will use bitcoin. bitcoin has a global character and is likely to be recognized by many States as a blockchain that allows to organize interstate accounting and control of mutual settlements between States.
Post
Topic
BoardBitcoin Discussion
Re: Why should governments accept Crypto currencies?
by
Sam San
on 13/11/2018, 02:39:21 UTC
any government should be interested in the development of new technologies and participation in the global division of labour. in the global world, the government is concerned about the competitiveness of the country and its producers.
Post
Topic
BoardBitcoin Discussion
Re: Why is Bill Gate against investing into bitcoin?
Do you think he is against? While he is in fact investing?
What some people in public focus loudly announce may not be what they are doing in fact.
Billy is unlikely to invest anything directly himself, rather he uses a large number of funds and analysts who support his portfolios. bitcoin is too risky for him as for a conservative investor.
Post
Topic
BoardBitcoin Discussion
Re: Why is Bill Gate against investing into bitcoin?
Bill Gate views digital currencies as too risky for long-term commitments to private investors as well as to institutional investors. Although virtual currency is nothing more than crazy investments, Gates, like many other skeptics, still believes that blockchain itself is a particularly useful technology
most likely, it is the mouthpiece of someone's idea more than big money or a Union of the rich who want to create a new and controlled coin-confirmation in the order of bitcoin.
I don't think that would be possible because you have to know that the price of bitcoin that is already very expensive and bitocin only has a supply of 21 million bits of bitcoin, so the price will not stabilize and will destroy the economy of the country that makes bitcoin its main money.
21 million will be one hundred years later, for the first 10 years produced almost 18 million, and that's enough to one Satoshi was equal to 1 us dollar.
Post
Topic
BoardBeginners & Help
Re: What are some of the best sources of information on Bitcoin?
Well, this bitcoin forum is the best sources of information on Bitcoin ever
the basics of bitcoin are very well described on Wikipedia, perhaps many regulars of this forum and there participated in the transfer of knowledge to people.
Earning in cryptocurrency start with this forum. The first thought that come to my mind was to make some money out of nowhere like joining bounty campaign. Yet, I have tried and it does not compensate well for there are scam ICO projects and relatively will not give bounty rewards. Thus, the painful part started when I was not able to receive rewards. Yet, I never thought that I could like more on cryptocurrency and without the forum I could not learn how to do it.
For being a member of this forum, I have sought some things or ways on how to earn on cryptocurrency. I tried investing small scale and apparently it was a failure. However, I did not discourage instead it was a motivation to find ways and establish a strategy. I know there is no easy way to earn but as long as you have a good strategy, patience, timing and other factors will relatively help one to earn in the investment.
Unfortunately bitcoin now is not that volatile compared to BCH and Ripple so I have decided to take part on this crypto also aside from bitcoins. I have tried to day trade with it but for some reason I have to join with other cryptocurrency and do day trading.
Thanks again to this forum it was privileged for being here. I have learn my lessons!
Note: This thread is self moderated!
I also start with this forum which already brings me a good income and I always join in good bounty campaign that will pay the all bounty participants. Even the bounty campaign do not the bounty rewards I still join in bounty campaign. When you start trading there will be always failure but this failure will make you good trader in the future.
instead of bounty is now better to trade, the turning point of the market investment will give a big increase in the short period.
Post
Topic
BoardBitcoin Discussion
Re: What stage of adoption is Crypto currently at?
I think we are in the growth phase of Btc. Each year is a different stage of the market, you can track back the price in the past and the present will realize it. If we invest Btc from 2015, now may have become the rich. We need seize the opportunity to conquer the market
tryptomer now at a crossroads and either bitcoin or to develop a serious alternative to create that can ruin the investment. if bitcoin survives, it will start abruptly in 2022 after the change of the price for the block.
That's exactly the idea and a great idea for that matter so that bitcoin will become widespread. Unfortunately, there are some reasons why this is hard to do. Those who own companies are governed by laws and regulations and bitcoin is not so it would be very hard to incorporate it with their policy. Also, understanding the whole payment process of bitcoin is quite a challenge so many of them don't really want to get into that kind of trouble.
rather, the main problem is that States understand a small amount of bitcoins and there are many in someone's hands that they do not know. therefore, they will try to find a new coin as a common compromise for governments.
Post
Topic
BoardBitcoin Discussion
Re: Why should governments accept Crypto currencies?
The government is not economically profitable independent free currency that can not be controlled. But as for crypto currency, sooner or later it will appear in every state as part of the national currency.
as soon as the first governments collecting taxes in bitcoin appear, everything will move very sharply and quickly.