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Showing 20 of 157 results by fargoway
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Topic
Board Bitcoin Discussion
Re: Bitcoin vs Fiat
by
fargoway
on 28/08/2018, 14:35:06 UTC
In the current time Bitcoin can't exist without fiat because bitcoin is relative to USD and at least for the nearest future one can't separate the two as different entities because BTC is very much depended on fiat.

What? Bitcoin was created to exist without fiat. If sellers start accepting Bitcoin as a payment for goods and services, there will be no need in fiat money at all.
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Board Bitcoin Discussion
Re: Bitcoin or Property? What might be the best investment?
by
fargoway
on 27/08/2018, 13:32:01 UTC
Definitely property, but just if you have enough money to invest in. Bitcoin is easier to invest in and profit might be higher, but it is very volatile and associated with some risks of exchanging it to fiat, so the answer is clear here.
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Board Economics
Re: Bitcoin vs Uber
by
fargoway
on 27/08/2018, 13:29:23 UTC
in my opinion there is a growing body of evidence showing that cryptocurrency like Bitcoin is accepted as a form of financial payment and Uber is a mother on this issue she accepts Bitcoin payments from third party vendors like coinBase but Uber does not accept crypto payments directly for ride sharing services.

That's not very comfortable to involve third party. I wish I can pay with Bitcoin or any other crypto directly to Uber, so we can lower the comission.
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Board Development & Technical Discussion
Re: Symbol of blockchain
by
fargoway
on 27/08/2018, 13:27:35 UTC
I think Blockchain does not need any symbol blockchain itself a distributed ledger technology so you can assign symbol but it is not necessary.

why not, symbol helps with mass adoption and its brand identity. It is a good thing to do
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Topic
Board Bitcoin Discussion
Re: Bitcoin vs Fiat
by
fargoway
on 27/08/2018, 13:26:16 UTC
I thought the source from well-known website but it's not lol  Cheesy. It's not needed to replace FIAT money with bitcoin, I dont know what will happen in the future if this world using bitcoin as their payment with it's low/limited supply. Make it as our alternative payment will be the best for us at the moment, IMO.

Bitcoin has more important disadvantages then just limited supply. Actually, I don't think it is a problem at all, but long transactions and too high cost per transaction are an issue.
Moreover, there are no reasons of having multiple currencies to pay with, because this is just additional troubles with exchanges, rates, ATMs, or even Banks if we are talking about fiat.
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Topic
Board Announcements (Altcoins)
Re: ANN [MCO] MONACO #1 Cryptocurrency Payments Card
by
fargoway
on 27/08/2018, 07:41:11 UTC
I don't think they are going to release the cards in next couple of months but if they do Monaco team will get my respect back.

It will be good for them to release cards until the end of this year. But after that I don't see any reasons for investors to stay here
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Board Altcoin Discussion
Re: ETH is now dying, what do you think?
by
fargoway
on 23/08/2018, 14:26:27 UTC
It is definitely not dying. Yes, the price decreased significantly, but it is not the end of the world. Ethereum has great potential and can grow quickly in a few times.
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Board Economics
Re: Is wallet security important to use?
by
fargoway
on 23/08/2018, 14:24:32 UTC
I still believe that the best way to secure your wallet is to be careful. I mean don't visit suspicious websites, don't give your private key to someone else, use different email for each wallet and check what address you are sending your crypto to. Your security is all about you. Don't be dumbass and no hacker in the world will get your money.
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Board Altcoin Discussion
Re: Waves Vs. Ethereum
by
fargoway
on 23/08/2018, 11:57:00 UTC
Despite the fact that ETH price has fallen significantly it still remains my favourite coin. I guess it has the biggest potential for future developments and usage.
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Topic
Board Economics
Re: Banks Consume Over Three Times More Energy Than Bitcoin!
by
fargoway
on 23/08/2018, 11:52:52 UTC
Not defending banks at all, but they support much more transactions than Bitcoin or any other cryptocurrency. So if we compare the consumption of electricity by each, then we should remember the number of work done as well.
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Board Bitcoin Discussion
Re: Bitcoin vs Fiat
by
fargoway
on 23/08/2018, 11:49:58 UTC
No chance for bitcoin to replace fiat currencies and become an instrument for payments all over the world,at least nowdays. So many problems yet to be solved and people to get used to crypto and particularly to IT technologies to make bitcoin a primal currency. In a far,far future when people replace classic cars with cars which can fly Grin
Nobody believed in the Internet as well, but it spread very fast. Today you can hardly find a place without free wi-fi
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Topic
Board Bitcoin Discussion
Re: Bitcoin vs Fiat
by
fargoway
on 23/08/2018, 08:42:48 UTC
Bitcoin is not able to replace fiat, at least now. I believe that there will be another cryptocurrency which would be able to replace traditional money because Bitcoin has a lot of issues as well. BTC is good, but it is too far from perfect.

Btw, I totally agree that Bitcoin is not an investment. It was created for other goals. Greedy people don't get that  Angry

Why do you think that BTC is too far from perfect?

Because Bitcoin cannot complete some essential challenges in order to replace the fiat money. For example:

1) transactions last long (in comparison to Visa/Mastercard transactions)
2) high volatility
3) scaling

The main reason why I think there might be something better than Bitcoin is that cryptocurrencies are developing very fast and every day more and more solutions appear on the market. It is very common when something extremely new was invented which was only a prototype for a better version of it.  
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Board Bitcoin Discussion
Re: ETF REJECTION
by
fargoway
on 23/08/2018, 07:37:37 UTC
why so many hype around ETF? Do you guys at least understand what is it and why we need it? Because it is not something 100% good for Bitcoin.
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Board Announcements (Altcoins)
Re: ANN [MCO] MONACO #1 Cryptocurrency Payments Card
by
fargoway
on 23/08/2018, 07:35:21 UTC
But I like how the supporters and investors handle it, price is still good despite the fact that the team has not delivered yet.
They are really holding until now, that is nice because it will not cause panic.

They spend a lot of money to keep the price. Instead of spending it on card release which will rise the price, they:

1) trying to create some noise around the company. Such as buying crypto.com domain, or buying press releases in the expensive news outlets. 
2) Launched this program – "lock X MCO tokens for 6 months" and you will get a cool designed card. Which is ridiculous when they didn't even have those cards.
3) buy and sell their own token to keep the daily trade volume high

This is all understandable and I don't mind they care about investors and keep the price high, but please, focus on cards but not side projects
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Topic
Board Bitcoin Discussion
Re: Bitcoin vs Fiat
by
fargoway
on 23/08/2018, 07:15:23 UTC
Bitcoin is not able to replace fiat, at least now. I believe that there will be another cryptocurrency which would be able to replace traditional money because Bitcoin has a lot of issues as well. BTC is good, but it is too far from perfect.

Btw, I totally agree that Bitcoin is not an investment. It was created for other goals. Greedy people don't get that  Angry
Post
Topic
Board Announcements (Altcoins)
Re: ANN [MCO] MONACO #1 Cryptocurrency Payments Card
by
fargoway
on 22/08/2018, 08:13:24 UTC
Does anyone still have the link for MCO whitepaper? If yes can you please post the whitepaper link here?
Thank you very much

Link
However, it is not very helpful, as they can change it in every moment.
Btw, I have just noticed their fucked up roadmap which shows only what was done instead what they are planning to do..
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Board Bitcoin Discussion
Re: Can you stop calling Bitcoin an investment?
by
fargoway
on 22/08/2018, 06:55:15 UTC
Yes, I agree with you. Considering Bitcoin as an investment without developing and making use of its core value is the root of  money scamming and ban for governments. I don't disagree that Bitcoin is a good investment but it wasn't created for that purpose. I know that some regular currency like USD or Yuan are also speculated as an investment. But these currency never go too far from their main purposes - to be used in real life. That's partly a reason why in general, regular currency much stable than Bitcoin. What I mean is Bitcoin should be used as both an investment and a medium of exchange, but the function as a medium of exchange should be fostered.

Moreover, it cannot stay a good instrument to invest in if it doesn't have any valuse or way to use it. Unfortunately, so many people see only how much money they can earn if they will buy some Bitcoins
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Board Announcements (Altcoins)
Re: ANN [MCO] MONACO #1 Cryptocurrency Payments Card
by
fargoway
on 20/08/2018, 14:09:45 UTC

If they used raised funds than it is worse use case from my opinion. They should deliver asap or accept the truth and tell us what is happening behind the scene instead of sharing these nonsense stories with us. I also agreed with you this is failed project where we only getting this kind of irrelevant updates.

Yeah this update essentially says 'MCO hires staff'.

That might have cut it 12 months ago, but now it's just, like, so what?

Inputs aren't the same as outcomes. Hiring staff is an input that might help deliver an outcome, but by itself at this later stage, it means very little.

From another point of view, it could mean that people are leaving the company because they understand the company cannot deliver what was promised before. That's why they have to hire new staff, just to cover open positions. I simply cannot see the reasons for MCO to extend their staff while they don't have a working card.
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Topic
Board Announcements (Altcoins)
Re: ANN [MCO] MONACO #1 Cryptocurrency Payments Card
by
fargoway
on 17/08/2018, 08:27:20 UTC
Welcome to Monaco's digital money payment card to Bitcointalk forum, we are happy to have this new appearance, it's a great to go shopping for everyone. Really great !
WTF you talking about?
Most probably he got an imaginary card from Monaco. Lucky guy.
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Topic
Board Legal
Re: Is Bitcoin Legal?
by
fargoway
on 15/08/2018, 09:33:41 UTC
No, it is not legal (in most countries). But not in a bad sense of this word. Government doesn't want to accept it and that's the only reason why it is illegal. Moreover, Bitcoin was created to be "illegal", uncontrolled and decentralized.