Search Posts

Post

Topic

Board Economics

Re: who own the world's biggest bitcoin wallet?

Toxicsoul

on 16/11/2017, 21:06:40 UTC

I think the owner of bitcoin would have the biggest wallet that mean Satoshi Nakamoto would have the biggest wallet because he has actually created bitcoin he can easily do it again for him or her self.

Post

Topic

Board Bitcoin Discussion

Re: can bitcoin wallet be hacked by hackers?

Toxicsoul

on 16/11/2017, 20:57:44 UTC

Yes it can be a lot of people have lost their bitcoins because of their account being hacked also there are a lot of fake wallets too the most of them are hardware and software fake wallets i would suggest to use blockchain free wallet it is the best.

Post

Topic

Board Economics

Re: Can Bitcoin also lead to corruption ?

Toxicsoul

on 07/11/2017, 20:20:30 UTC

Quote from: DIMKAZDS on November 07, 2017, 03:19:44 PM

Quote from: julzcoinbit on November 04, 2017, 07:31:29 PM

Quote from: yvesp110 on November 04, 2017, 07:20:30 PM

Quote from: redsun114 on November 04, 2017, 06:54:36 AM

Quote from: pelipurlara on November 02, 2017, 02:27:14 PM

Quote from: speem28 on April 11, 2017, 05:02:34 PM

We all know that there is corruption everywhere, like in government or any other organization. Because of money, corruption can always happen with greedy people who always wants more money to them. Since bitcoin can be considered as money, can it also lead to corruption?

corruption can happen anywhere and anytime, especially if in terms of money, everything is in the individual

It all depends on the person who are having a major portion of bitcoins in their wallets. If they want to use bitcoin in any kind of illegal activities like that of corruption, then it is very much possible to experience this thing. Bitcoin itself cannot be used in any kind of activities. It is we, who has to decide where to use our bitcoin. We need to stop bitcoin from being used in such kind of activities.

Yes if bitcoin is used in any illegal activity that not the fault of bitcoin that totally depend on the user an before bitcoin corruption will be done through the cash so ban it also and now all the governments are also thinking to perform check and balance in transaction so that no one can use it in illegal way and bitcoin organization must have ti remove its anonymity so that serious crimes are avoided through it.

I agree with this, with the existence of the bitcoin, this will simplify the corruption is going to do. Because in this system it is extremely difficult to track even by programmers though. a person will not easily get evidence that could incriminate the corrupt. While the bitcoin himself mentioned that it is a virtual currency that is anonymous then there will be people who know and can be used without risk of it.

Yes definitely bitcoin can lead to corruption.Since it is not under the control of any government or central bank,it cannot be traced down.People can transfer all their black money from one place to another just in seconds.Criminals can also use bitcoin for receiving their payments for their illfull deeds.Bitcoin wallet is used for this purpose.Only the giver and receiver know about it and money can be transferred only in seconds.Therr can also be smuggling of bitcoins too as the price of bitcoin is increasing day by day.

I agree with you it is a big danger but what to do about it? bitcoin exists because we do not trust the banks why should we worry about those stuff unless you are doing it just let it go.

Post

Topic

Board Speculation

Re: If you had 10k Would you buy Bitcoin before the fork or after?

Toxicsoul

on 07/11/2017, 20:11:07 UTC

I will buy before the fork because the last fork bitcoin increased it price and i think after this one it will also increase and that is why i will buy before the fork and sell after it.

Post

Topic

Board Economics

Re: Why not just print dollars?

Toxicsoul

on 02/10/2017, 20:24:36 UTC

becaus eprinting dollars is illegal and bitcoin is legal so actually that is a stupid thing to do and even i know that that would not work no matter where you come from.

Post

Topic

Board Economics

Re: Most people dont even know what this is yet.

Toxicsoul

on 02/10/2017, 19:02:43 UTC

I agree but we can teach them to learn about it we can show them what options they could have if they invest in bitcoin and what their profits would be so they will become intrested in this too.

Post

Topic

Board Bitcoin Discussion

Re: Can Bitcoin make Banks disappear?

Toxicsoul

on 02/10/2017, 18:54:47 UTC

Quote from: triasel on September 01, 2017, 12:30:14 PM

Quote from: Exotica111 on August 31, 2017, 11:38:00 PM

Quote from: mirakal on August 31, 2017, 11:25:36 PM

Quote from: Flodemaga on August 31, 2017, 10:46:37 PM

It cant because old people and big fortunes are stored at banks, soo it wont happen at all, as some people said in the past save your money at the banks and enjoy the fees they pay to you, since they lend your money to others. Even the p2p transactions does requires bank, without them bitcoin would be dead since we need to transfer money between accounts. Bitcoin wont replace anything, it can improve all services as remitances, providing a fair system and not abusive charge due to cambio.

People who put their money to banks just want to be safe with their money, but actually they have a business where they get the money they save.
Bank is just good for saving but not for investing, however there are also some who what to fully hide their real wealth and they can store their money into bitcoins but I think there are only few of them compared to the total number of banks depositors.

Yes people use banks for saving to their business so that they saved money for their future. Banks is the popular saving place in our society but when the others seek bitcoin and spread it maybe the bitcoin become the popular saving place also and investment place for everyone.

yeah i agree with you, bitcoin and bank is different basic. bank is for saving money but bitcoin to invesment
bitcoin can't make bank dissapear because not all people familiar with bitcoin

I don't agree with you because bitcoin and banks have the same goals but the big difference would be that banks have your money and you have your bitcoins no one can control that except you.

Post

Topic

Board Economics

Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022?

Toxicsoul

on 01/10/2017, 15:36:58 UTC

Quote from: Xenophoto on October 01, 2017, 02:29:24 PM

Quote from: lordquanta on October 01, 2017, 10:08:56 AM

Quote from: ongels on October 01, 2017, 06:51:14 AM

In my own opinion, i don't think so, there are places that are hard to reach by electricity and computer technology, We need to consider some factors which affects them to locate, Maybe not early as 2022, Or some other century maybe, and if ever it happens all of the places are equiped with computer gadgets and connections to sustain the consistency of transactions anywhere we go.

Along with above reasons, there are some other reasons why bitcoin may not be used by everyone in near future. Bitcoin originated as currency however its value has increased so much so that it has become a commodity. In order to become a currency entity needs to be easily accessible and appropriately valued. At this stage bitcoin has became next stage of gold. There was time in history where gold was a currency through out. Then came a time where value of gold coin was more than its legal tender. This resulted in people melting gold coins to get more value. Since inception of paper notes, plastic money gold become obsolete as day to day currency. Bitcoin has already gone beyond this stage where it is more valuable to have bitcoin than use it for currency. Thus there needs to be more effective way to get bitcoin back to the currency.

And what exactly is the "appropriate value" of bitcoin? I think we have no other answer but the current price of bitcoin. You can't say that bitcoin's price should be a dollar because clearly that is not the price of bitcoin and people are going to be more than happy to pay for one bitcoin a dollar and have it sold for $4300. Why do people keep on saying that bitcoin should be used as a currency and nothing else? I mean, let the coin be what it is and there's nothing that you can do even if you continuously assert that bitcoin should be a currency and not a commodity. Bitcoin is going to be what it is but what it will be will not depend on our opinion. It will depend on the events and fact that bitcoin has become more of a speculative asset rather than a currency.

I agree with you i don't think bitcoin will be a coin it will become even bigger you can maybe pay with it like you can pay with paypal people will use to pay with bitcoins and that will be a new way.

Post

Topic

Board Off-topic

Re: Bitcoin is not gambling

Toxicsoul

on 01/10/2017, 14:34:57 UTC

Yes i agree with you bitcoin is not gambling i hope you understand that because nitcoin gives you the chance to earn money for free and gambling only gives you the chance to earn money with money.

Post

Topic

Board Economics

Re: If you have a lot of bitcoin, should you spend it or save it?

Toxicsoul

on 29/09/2017, 18:58:17 UTC

Quote from: Webetcoins on September 22, 2017, 12:52:31 PM

Quote from: empoy on September 19, 2017, 02:09:40 PM

Quote from: darthmaul on June 27, 2017, 03:22:52 PM

This question is being asked many times on this forum. You can check the answers and most of them will suggest you to save/hold/reinvest your bitcoins for longer times. Now as you stated that you kept 13 cents and it became 50 cents after 7 months or so. Well that change you may find very little but with bigger investments you get bigger returns. Also, you must invest with right time, such as bitcoin price at lower side, this means you will get more bitcoins in less amount spent. Also, when the price increases the same amount of bitcoin will have more dollar value. Thats very easy calculation but basis of how you invest. Household really hold it.

This is mostly seen in this section and i know many people answered it but i will answer it for the sake of the mankind. The 1/3 of my bitcoin is i will spend it and use it for many purposes like travels,buy some goods and many more and the rest i will keep it or save it in my wallet so that if something happen, i have left for it.

Well I would like to share my opinion as I think it is good to mix both the spending for the need and to save it for the future. Bitcoin is the best saving because it has the potential to increase the value. It is all need to have the patience because the price can go down sometimes so! The right and straight way is to go through it is to hold your bitcoin even if you see the price of the bitcoin is decreasing because after a little dump the price of the bitcoin will take a high pump. You can spend some bitcoin only in the case of some emergency.

I agree with you but i personally think you can spend some to invest that in something else and save some for if that plan goes wrong or you just want to cash them because it is time.