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A centralized cryptocurrency is usually safer for its users in terms of hacking, but how about possible Government restrictions?
Are they easier to ban?
Are they easier to ban?
https://i.imgur.com/B7Pbdbq.png
So if you destroy the centre of A then all gone but for B you will need to destroy each and every node. For me A is easier and the same for others.
Update:
@mdayonliner (B) has a central body too, where did you get that image?
If those were Bitcoin Nodes, it will look like a haywire. (each dot should have a line connected to each of all the dots)
I took it from google and now realised it has been presented wrong. Just updated it.If those were Bitcoin Nodes, it will look like a haywire. (each dot should have a line connected to each of all the dots)
PS: For readers, previous image was this one (<==== wrong one)
Great answer to share! Visuals are always easy to understand and the one you posted explains everything itself, thank you very much!
As many here have already said, one of the motives is the trust, which at the same time comes with the knowledge, the understanding and the acceptance of a certain thing, in this case the Bitcoin. Probably many aspects of cryptocurrency are yet to be understood and accepted. In addition, the Government for several reasons (good and bad ones) likes what it can fully control 
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. It is difficult to say whether it is a good investment of not. It depends on multiple things, such as on what one believes a good investment is. In my humble opinion, buying BTC might be a good investment if we project it more in the long-run. For the short-term I think it's another story, it can be risky, given its volatility. And a bit of speculation is a part of the 'game' if we want to call it that way 
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. I personally started getting closer to the cryptocurrency world during last summer 2017 and yes, as you may think, this was quite late, my bad . By the way, ever since I tried to keep up as much as possible and I ended up realising the greatness of cryptocurrency and blockchain technology, of course I have still a lot to learn and to understand, but at least as a potential user I'm embracing these new innovation and getting closer to it day by day. This is something that many other people should start doing, the more people will embrace and trust the power of blockchain technology, the greater will be the evolution of this phenomenon.
Therefore, to answer the original question, as a newbie, before thinking about trading and getting rich easily -when I may instead end up losing everything due to lack of experience and information- I prefer to devolve my resources to learn, read and listen to what other people say about it, learn from them and get as much information as possible around the topic so that to efficiently plan my actions. In my humble opinion I believe that blockchain and cryptocurrencies have great chances to become the future. Let's see what happen.
. By the way, ever since I tried to keep up as much as possible and I ended up realising the greatness of cryptocurrency and blockchain technology, of course I have still a lot to learn and to understand, but at least as a potential user I'm embracing these new innovation and getting closer to it day by day. This is something that many other people should start doing, the more people will embrace and trust the power of blockchain technology, the greater will be the evolution of this phenomenon. Therefore, to answer the original question, as a newbie, before thinking about trading and getting rich easily -when I may instead end up losing everything due to lack of experience and information- I prefer to devolve my resources to learn, read and listen to what other people say about it, learn from them and get as much information as possible around the topic so that to efficiently plan my actions. In my humble opinion I believe that blockchain and cryptocurrencies have great chances to become the future. Let's see what happen
. Good afternoon. I would like to hear your opinion. I've been reading the forum sufficiently long, but I rarely write. I had one question. Why is the forum divided into 2 teams that angry with one another? The first support bitcoin and hate all altcoins. All of this for them is only garbage. Others like altcoins and do not understand what the problem have first.
I have a question for the first camp. Why?
Take for example Zilliqa, Tomocoin, NEO, DragonChain, etc. People who bought them in large quantities became richer. Why do you think this is garbage?
Bitcoin is a legend, but some altcoins are worth paying attention to, aren't they?
I have a question for the first camp. Why?
Take for example Zilliqa, Tomocoin, NEO, DragonChain, etc. People who bought them in large quantities became richer. Why do you think this is garbage?
Bitcoin is a legend, but some altcoins are worth paying attention to, aren't they?
First and foremost let us discuss how many alternative coins are out there in the market. You are lucky if you have jumped into a coin who luckily increases its value but what if its value decreases or there is no growth at all. Another thing is that you want to buy a certain coin in its cheapest value available and that is during the ICO, but there are many scam ICO's anywhere and a large percentage of ICO does not end up successfully and ends up in a failure.
There are also coins that after their market crashed they did not go up anymore and become stagnant. With these reasons it is much better to invest on bitcoin rather than on altcoins. If bitcoin crashes all other altcoins crashes but if bitcoin increases in value not all altcoins increases in value. This is one of the reason why people prefer bitcoin over altcoins.
This is a great answer, thank you for sharing
.I think it all starts with Bitcoin being the FIRST digital currency. As for many pioneers in different field, by simply being the first one, bringing to the world a new brilliant concept and in this case a proper revolution, if this concept is good enough to catch the wide audience attention as for Bitcoin, then yes, your popularity increases, your system improves -because it has the chances to be tested and adjusted. And then of course, the more it is traded, the higher the value
A lot of ICOs are facing a problem from their investors due to the KYC. Voluntarily complying with KYC regulations provides many advantages to the Offeror and its investors, even if they are not currently explicitly mandated to enact such a process.
1. Cryptocurrency exchanges are beginning to exclude cryptocurrencies that did not properly implement KYC processes. Thus, not running such checks poses a long-term risk to a project. The Financial Times reported that New York Stock Exchange-backed GDAX says it plans to list only a fraction of the hundreds of new digital coins that have been invented this year
2. Voluntary KYC compliance may help ICOs reach a larger global audience and expand the number of jurisdictions in which they can take place. Such compliance allows easier reach to investors in America, Britain, Canada and elsewhere.
There are other restrictions also imposed from SECs and banks which greatly limit the activity of the company in the future.
We know not everyone is happy about KYC and some people dont agree with it ideologically, especially when it comes to cryptocurrencies, where transfers are anonymous, or at least pseudo-anonymous.
However, for the adoption to seamlessly occur, the company holding the ICO needs to have KYC, which otherwise will create issues for the company in the long run, which is bad for both the investors and the holder of the company.
KYC is not done by a company to know where their money comes from. To be honest, a company rolling out its ICO cares about the cash inflow and not about their identity. It is a means of due diligence so that they are not prosecuted by their country of operation.
Enkidu has it's pre-sale going on right now. The minimum viable product has been developed before the pre-sale.
Join our Telegram group for more information: https://t.me/enkiduofficial
Join our token sale here: https://tokensale.enkidu.io
1. Cryptocurrency exchanges are beginning to exclude cryptocurrencies that did not properly implement KYC processes. Thus, not running such checks poses a long-term risk to a project. The Financial Times reported that New York Stock Exchange-backed GDAX says it plans to list only a fraction of the hundreds of new digital coins that have been invented this year
2. Voluntary KYC compliance may help ICOs reach a larger global audience and expand the number of jurisdictions in which they can take place. Such compliance allows easier reach to investors in America, Britain, Canada and elsewhere.
There are other restrictions also imposed from SECs and banks which greatly limit the activity of the company in the future.
We know not everyone is happy about KYC and some people dont agree with it ideologically, especially when it comes to cryptocurrencies, where transfers are anonymous, or at least pseudo-anonymous.
However, for the adoption to seamlessly occur, the company holding the ICO needs to have KYC, which otherwise will create issues for the company in the long run, which is bad for both the investors and the holder of the company.
KYC is not done by a company to know where their money comes from. To be honest, a company rolling out its ICO cares about the cash inflow and not about their identity. It is a means of due diligence so that they are not prosecuted by their country of operation.
Enkidu has it's pre-sale going on right now. The minimum viable product has been developed before the pre-sale.
Join our Telegram group for more information: https://t.me/enkiduofficial
Join our token sale here: https://tokensale.enkidu.io
Great article, thank you for sharing!
What do you think about the combination of Government, Media and potential disrupted financial institutions, all teaming up against Bitcoin? What may be risky is that a bad publicity endorsed by those three entities, could have a great impact on the demand, and this could jeopardise the resilience of Bitcoin.
But let's be positive and hope this won't happen
But let's be positive and hope this won't happen
Hello guys, it is unfortunate that many people fail to achieve and succeed their project ( like, ICO ...) , and many stop in the first attempts ( especially when there is a big failure) and become disappointed.
According to my experience, I want to give some steps to succeed any project, they will be as the following:
Step 1 : Focus on your goal ( project) because your energy will go to him:
Focus on what you want, not about what you do not want, and when you say to yourself that you will make a successful project ( there become a positive energy (+) inside you), then your focus will follow your thinking.
Step 2 : You must have a futuristic vision for what you want:
The futuristic vision pulls you to your project, and helps you in achieving the best , also when there is no vision , there is no hope to succeed.
Step 3 : Choose the right map ( strategy, plan) and the appropriate teacher :
The map may change in each situation but with that you should search for a teacher who have a good knowledge on the field of your project because he/she can help you to take a shortcut way to achieve your goal.
Step 4: Overcome the fear of failure and the internal conflicts:
One of the biggest obstacles which leads to project failure is the psychological problems.
And fear is one of the most widespread problems in many people ( fear of what will happen in the future, like that , Will my project fail? , Will I lose a lot of money? ..) and to overcome this issue, you must resolve the internal conflicts,
Firstly, you must know the internal conflicts that exist in youself ( like, your focus on negative thoughts )
Secondly, you must organize your life by choosing the most important things or goals for you, which helps you to achieve your dream ( project).
Thirdly, get starded.
What do you think guys?
According to my experience, I want to give some steps to succeed any project, they will be as the following:
Step 1 : Focus on your goal ( project) because your energy will go to him:
Focus on what you want, not about what you do not want, and when you say to yourself that you will make a successful project ( there become a positive energy (+) inside you), then your focus will follow your thinking.
Step 2 : You must have a futuristic vision for what you want:
The futuristic vision pulls you to your project, and helps you in achieving the best , also when there is no vision , there is no hope to succeed.
Step 3 : Choose the right map ( strategy, plan) and the appropriate teacher :
The map may change in each situation but with that you should search for a teacher who have a good knowledge on the field of your project because he/she can help you to take a shortcut way to achieve your goal.
Step 4: Overcome the fear of failure and the internal conflicts:
One of the biggest obstacles which leads to project failure is the psychological problems.
And fear is one of the most widespread problems in many people ( fear of what will happen in the future, like that , Will my project fail? , Will I lose a lot of money? ..) and to overcome this issue, you must resolve the internal conflicts,
Firstly, you must know the internal conflicts that exist in youself ( like, your focus on negative thoughts )
Secondly, you must organize your life by choosing the most important things or goals for you, which helps you to achieve your dream ( project).
Thirdly, get starded.
What do you think guys?
I think you have absolutely centred the point. Too many times a lack of focus, vision and positive thoughts can be extremely detrimental for a project and its execution. Especially in our current fast paced business environment, as you said, the fear of failure, often led by the unpredictability of the future, can represent one of the main antagonist in driving a project to its success.
I believe many times this obstacles arise from a lack of experience and self-confidence, which can be absolutely normal as we are human beings. Life is made of successes and failures, out of which we can always learn something.
So be positive, believe in your idea, in your project and in your team, this will hopefully bring you back positive outcomes
. Best of luck to everyone with your projects and thanks for sharing your tips!!!