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Showing 20 of 23 results by dav-santoshi
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Board Bitcoin Discussion
Re: What will keep people from getting into cryptocurrency?
by
dav-santoshi
on 08/09/2018, 19:17:49 UTC
Some of the ressons why most people dont get into bitcoin It’s because it volatile nature the current problem with cryptocurrency is that its price is very unpredictable. Today the price is high the tomorrow it’s down. Due to this investors are scared to invest because they cannot predict how the market will behave. Even with Bitcoin having been working well you cannot still term it stable.People see Bitcoin as a Ponzi scheme The talk of Ponzi scheme has existed for some time.
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Board Bitcoin Discussion
Re: Why government announce bitcoin is illegal?
by
dav-santoshi
on 08/09/2018, 19:08:35 UTC
Bitcoins are not authorized as medium of payment. Furthermore the government feels that bitcoins which is virtual currencies may encourage illegal transactions. As there is no rule to regulate them. This has made Government  announce officially the Bitcoin payment as illegal.
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Board Bitcoin Discussion
Re: Bitcoin cannot be a global currency
by
dav-santoshi
on 08/09/2018, 19:04:06 UTC
Yes I strongly believe that bitcoin can be accepted globaly the world’s first decentralized currency is now form of payment in dozens of countries around the world. As more countries begin to adopt this innovative technology, it’s clear that Bitcoin has the potential to become the new global currency not tied to a specific country or central bank
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Board Bitcoin Discussion
Re: Why Warren Buffet , Bill Gates , ... call Bitcoin a scam ?
by
dav-santoshi
on 08/09/2018, 16:50:19 UTC
To debunk this, let’s begin by comparing Bitcoin to Apple stock .Apple is a “platform” company that produces hardware, software and services. Their products are real-world assets that are worth money.
Bitcoin, on the other hand, does not generate any physical assets in and of itself, i.e. it doesn’t produce any physical items or services that can then be sold on the open market.threatened by bitcoin's existence and  it is decentralized monetary system in the whole world with a global decentralized payment system that they can no longer matain the one spot of been the richest
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Board Bitcoin Discussion
Re: The SHADY side of the Crypto Industry
by
dav-santoshi
on 08/09/2018, 16:33:07 UTC
To me some the shady side of is due to the fact that bitcoin users can also be subject to theft, scams, and frauds, which some argue is made easier because of Bitcoin’s structure and lack of regulation. The very nature of Bitcoin makes fraud prevention hard, one of the biggest factors being there is no way to retrieve Bitcoin that has been stolen or conned, and no way to revert the transaction
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Board Bitcoin Discussion
Re: Who is Satoshi Nakamoto?
by
dav-santoshi
on 08/09/2018, 15:07:18 UTC
unknown person or people who developed bitcoin, authored the bitcoin white paper, and created and deployed bitcoin's original reference implementation.[1] As part of the implementation, they also devised the first blockchain database.[2] In the process they were the first to solve the double-spending problem for digital currency using a peer-to-peer network. They were active in the development of bitcoin up until December 2010.
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Board Bitcoin Discussion
Re: Do you think that other coins move faster?
by
dav-santoshi
on 08/09/2018, 14:22:47 UTC
 it's common for many coins and tokens to move in similar patterns. When bitcoin (BTC), the largest cryptocurrency by market cap, goes up, other digital tokens tend to increase in value as well. When BTC declines, it's likely that other players in the space will drop at the same time
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Board Bitcoin Discussion
Re: People call bitcoin a fraud or ponzi scheme
by
dav-santoshi
on 08/09/2018, 14:17:06 UTC
A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors when you understand the technology behind Bitcoin and the reason it was invented, you will see that it is actually the total opposite of a Ponzi scheme and it been a  fraud the lack of knowledge about how it works makes people think it a fraud
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Board Bitcoin Discussion
Re: How safe is Bitcoin? ✅
by
dav-santoshi
on 08/09/2018, 09:23:58 UTC
Even with the negative stories that seem to flood the news at times, Bitcoin is actually more secure than most other financial systems. Taking the time to learn about how Bitcoin works and investing in a secure wallet is essential in keeping your Bitcoin safe.
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Board Bitcoin Discussion
Re: is it true that bitcoin is a disaster for local banks
by
dav-santoshi
on 08/09/2018, 09:16:50 UTC
bitcoin has blockchain, the technology that powers Bitcoin and other cryptocurrencies, is that it can “create trust”, or allow two parties to make a transaction “without relying on trust  this means we could create a world without a trusted “man in the middle”. We could have financial services without a bank verifying transactions and we could transfer ownership with all this unique features of bitcoin most banks believed its a disaster to them
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Board Bitcoin Discussion
Re: What if Government bans Bitcoins?
by
dav-santoshi
on 08/09/2018, 09:08:55 UTC
The beauty of bitcoin is that it is both decentralized and trustless.  Because of this, no government can do anything to stop or alter Bitcoin.  Governments can pass all the laws they want to attempt to criminalize buying bitcoins, using bitcoins. but they are powerless to stop or change Bitcoin itself
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Board Bitcoin Discussion
Re: How can we make people accept bitcoins as a currency?
by
dav-santoshi
on 08/09/2018, 09:02:22 UTC
First and formost i think the move is to make people  Understand It as a lots of people don't even know what's bitcoin
People generally fear what they don’t understand. If we can start by creating such awareness about bitcoin and its advantage I think it wil a great step in making people accept it
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Topic
Board Bounties (Altcoins)
Re: $640K [BOUNTY] [ICO] NTOK | PEER TO PEER ONLINE EDUCATION PLATFORM
by
dav-santoshi
on 22/01/2018, 23:12:28 UTC
Can a newbie participate in the Twitter and Facebook campaign am interested and a want to apply.
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Board Economics
Re: The dream of getting rich with bitcoins
by
dav-santoshi
on 22/01/2018, 22:57:07 UTC
Every one dream is to become rih and leave a good life and bitcoin has provided us with the platform to achieving such dream, so is not a bad dream to become rich through bitcoin after all bitcoin is the 21century revolution in the world financial system.
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Board Bounties (Altcoins)
Re: DESCROW Bounty Campaign
by
dav-santoshi
on 22/01/2018, 22:45:47 UTC
Is this campaign open to newbies also, I saw a code for newbie at the signature code section.
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Board Bitcoin Discussion
Re: Are you surprise by bitcoin price now?
by
dav-santoshi
on 22/01/2018, 22:13:14 UTC
Absolutely, because there are no major trigger that caused the price to go up and yet the price going up so high in an instant, this case usually going to end up in correction, but within the new breakthrough there will be new bottom limit, but I still surprise to see the price keep on increasing in the middle of the multi-fork event
Let me quickly quote you in other to point out a very important point, when the price was rising very high in November-december many newbies in the bitcoin community thought it will keep on rising without coming down, and at this point the price is now a little bit above $10000 and they start complaining and rushing into panic selling. But never understand what volatility means and what is price correction in the cryptocurrencies market.
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Board Bitcoin Discussion
Re: Why aren't there more women in Bitcoin?
by
dav-santoshi
on 22/01/2018, 21:53:53 UTC
Well that just the fact men are so aggressive and at that are ready to take risk, while men go for the work before the fruit, women on the other seek to see the fruit first before they can be motivated to work. Technology generally is seen as a man field and also most women believe only what they can see physically and don't believe in online stuffs they think is a scam.
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Board Economics
Re: how can bitcoin help the community?
by
dav-santoshi
on 22/01/2018, 21:43:24 UTC
Bitcoin can help the community in various way, bitcoin help to provide financial support to the members of the community and also bitcoin help the community by providing us with the opportunity of having a secondary currency a side from our legal currency giving the community the free will over they financial life.
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Board Off-topic
Re: What age to teach kids about crypto?
by
dav-santoshi
on 22/01/2018, 21:17:08 UTC
I think is best we teach our kids about bitcoin very early so that they can grow with that knowledge, bitcoin is the highest technology of our time and at that kids needs to know all that they need to know about bitcoin very early so that they can utilize the full potential that is embedded in bitcoin and how the blockchain technology works.
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Board Bitcoin Discussion
Re: What Are Your Greatest Fears As a Bitcoin Holder?
by
dav-santoshi
on 22/01/2018, 21:10:00 UTC
My greatest fear is that one day there may not be internet any more and we stand to loose everything, and also am afraid that some one may steal my private key and withdrew all my bitcoin. But I still have faith that that one day will never come.