With the core technological advantage of being invisible.

They are crying about a crash,
 while the exchange rate went up 20% last month.
What kind of reality are they living in ?

A-dalara

Taxes are not directly related to currencies.

If I am able to enforce tax paying, then I am able to destroy a currency.

Use mine or get out of legal business

But they do not make a sensation out of a 12% rise in price as happened today. This is what I meant with asymmetric coverage.

I do not think that even finacial media has any idea how ordinary financial markets are working.

In the last 24 hours bitcoin's exchange rate to the dollar has climbed by 12% .

While there is allways big media coverage in the mainstream press every time the price dips,

there is no equivalent reportinh now the other way around.

If prices are rising, there are warnings about a bubble,
if prices are falling, there are statements that this will be the crash.

Why does media harm it's customers and why do customers pay such people ?

 

Definitly not.

Bitcoin is not similar to currently used money.

Bitcoins do not have serial numbers.

You will never transfer any kind of 'serial' numbers. That would exactly the opposite of the blockchain technology.

That's how a professional investor is workin nowadays. They call it 'wisdom of the crowd'.
Additionally such a thread offers the possibility to spread some fomo.

Maybe focus on dollar or euro is too narrow.

The transition to bitcoin is much more easy in nations having no own state controlled stable currency.

Unfortunately most people in such nations do not have reliable and payable internet access.

You're right, the  familiarity of people with the decimal system is a non neglible benefit for adoption, and I see that the used constants are choosen in a way,  that the resulting numbers are nice looking in a decimal system.

On the other side, there are at least two points to mention, that are not beneficial.

First, most people will view as the basic unit of account one bitcoin, and one satoshi as some fraction of it. Using 8 decimal places will be much more most people have to deal with in their everyday life, and so - as they will use floating point arithmetics - they will come to the conclusion, that a bitcoin is infinitely divisible. As the minimum transferable ammount is one satoshi, this is not the case. Additionally it is therefore (luckily) not possible to increase the numbers of decimal places in a simple way,  but this could lead to confusion in different ways. One user is disappointed realizing that he is not able to split his satoshi infinitely, the other one is thinking that bitcoin's value is overestimated, out of the same fallacy.

Second, more technically, other aspects like mining rewards and halving times have to be taken into account. By starting with a block reward not beeing a power of two, the next reward is not allways the half of the current one. Wich could lead to rumors that the algorithm does not work in the correct way because it is producing rounding errors and has to be adapted. By definig the first reward with 50 BTC and the time between halving with 210000 blocks the maximum currency supply is essentially given by mixing binary operations with decimal numbers, implicitly choosing the time between halvings in a way to get nice looking numbers, not economic senseful ones. By sticking strictly all parameters to powers of two a much more consistent description could be achieved and the available number space could be much broader exhausted.

One bitcoin is the equivalent of 10^8 satoshi. I wonder if someone could explain why one has not defined the factor as a power of 2,
as this would be a naturale choice from my point of view. Is there any deeper meaning in the preference for the decimal system ?
I'll highly appreciate your explanations and/or suggestions.

I completely agree, and want to add that Monero has the more engaged community and broader vision behind it.

I do not know if there are really  'a lot of' coins, equally competetive than bitcoin, out there.
At least not coins that are intended to be used as a currency.

What coin is showing a comparable number and value of transactions a day ?

Currently paper money is the most used anonymous payment method.
Even working without electricity. Not that bad !

They can freeze trading on public exchanges.

Exactly !
If one is looking out for a crash opportunity one should invest in Dollars or Euros,
both valued at half of their price in bitcoin than one month ago.
Both lost 90% of their 'value' in one year.

Etherum's purpose is not to be something like a currency. Why do you think it is a potential rival to bitcoin ?

The value meassured in $ has doubled in one month. I am not able to see a dip or even a crash.

That's it. There is need for the ultimate BUBBLE-Coin.

That's not the same. We are profiting primarily from bitcoin as it is our own currency, no one has absolute control about, allowing us to freely  trade and invest. Earning from 'bubble' prices is by exchanging bitcoins to fiat at a higher price than it was bought. Leaving the cryptoworld ! And trading an asset.