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Showing 4 of 4 results by Strongray
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Board Bitcoin Discussion
Re: Why even holding your bitcoins?
by
Strongray
on 25/12/2017, 20:33:26 UTC
It is THE main and original coin, which is mainly known and discussed by the population, institutions and media. Satoshi Nakamoto's BTC blockchain technology is the revolutionary idea, which all other coins are based on. Of course, there are many coins, that have evolved and have a different purpose for everyone and there is a important place for them, too. Howevever, they are currently all dependent on the success of BTC. If BTC falls, every other coin suffers, too.

It is very logical that altcoins price depends on Bitcoin. But bitcoin network has too many problems.  What about spam attack or BTC transaction fees? I love BTC very much, but now coin is too expencive and hyped...
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Topic
Board Bitcoin Discussion
Re: Is there any way to destroy the bitcoin?
by
Strongray
on 18/12/2017, 21:40:46 UTC
1. Miners not mining anymore.
2. Government intervention for multiple reasons. One, mining consumes a lot of electricity therefore bad for the environment. But, if the consensus algorithm switches to proof of stake that will consume much less electricity. Politics and economics. Regulation matters because bitcoin cannot be tracked and it's only a question of whether the government would like to implement it.

But if comunity with switches to proof of stake, what will be with miners and BTC price? At first days BTC price was calculated according to electricity consumption for mining. And how will be with PoS?
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Topic
Board Bitcoin Discussion
Re: Why should people use Bitcoin?
by
Strongray
on 18/12/2017, 21:31:36 UTC
Bitcoin is very easy to access by anyone, anywhere and anytime as long as there is internet. Maybe that's one very powerful reason, why bitcoin should be used by everyone. And bitcoin will be the future of money for the world.

But what about that people who haven't got asset to internet? Firstly you can thing that all around the world have internet access, but it isn't right...

How can you use it as money and, for example, buy milk in market if fees for $ 1 transaction will be too high?
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Topic
Board Bitcoin Discussion
Re: Bitcoin - Who missed the boat ?
by
Strongray
on 05/12/2017, 17:16:29 UTC
My friend told me about Btc when it was less that $90 per coin. It was in it's infancy and it was pretty much unknown. I was nervous about putting my hard earned cash in to it so shied away. Boy has it haunted me LOL

Anyone else have this non buyers remorse ?

It is normal feeling. I heard and read 3-4 articles about BTC in 2011... And told about it to my friends but we did nothing. The price was very funny and a lost my chance at that time.