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Showing 14 of 14 results by ghsh
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Board Bitcoin Discussion
Re: Criminality and Bitcoin
by
ghsh
on 24/03/2018, 02:54:40 UTC
The presence of bitcoin certainly gives freedom to anyone to use bitcoin, even for criminal activities and transactions, but I think this is not a bitcoin error but from people who use bitcoin.
For me there are some point that criminality and bitcoin can do together by many criminals in this wolrd,  and we also know that bitcoin is open for everyone, so for me it has a chance that in the future many criminals is we will learn  to used bitcoin for doing illegal transaction.

Because of the decentralized nature of Bitcoin, it is not only a means for these hackers to commit crimes, but also an important tool for large criminal groups to use for money laundering, and some bitcoin trading platforms have also become money laundering. White agency.
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Board Bitcoin Discussion
Re: Is it true most bitcoin users are russians ? why?
by
ghsh
on 24/03/2018, 02:17:40 UTC
I was just qurius to know most of the bitcoin users are russians

We can only say that a few Russians are buying Bitcoin for hedging. However, the sharp decline in the ruble has caused the Russian public to panic, and many people are converting foreign currencies.
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Board Bitcoin Discussion
Re: Why Bitcoin mining is so popular in Iceland?
by
ghsh
on 23/03/2018, 02:13:19 UTC
Iceland and Sweden are natural choices when it comes to cryptocurrency mining operations. Their inexpensive electricity and cold climate make mining friendlier naturally.
Know More: Why Bitcoin mining is so popular in Iceland?

Iceland was rated by Gavin Andersen as the most suitable country for mining in the world. The cost of electricity is low, and the hot water generated by mining water cooling can be used for home heating.
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Board Bitcoin Discussion
Re: Is bitcoin used by criminals ?
by
ghsh
on 20/03/2018, 01:33:18 UTC
Real money has exhausted its resource, now large payments are made online, no one transfers from hand to hand large amounts of cash. Bitcoin is more profitable, it is anonymous and can be sent to anyone regardless of its location. Criminals of course convenient to use bitcoin, but we believe that they do not.

There is no fault in investing in the Bitcoin service platform, but this virtual currency can easily be used as a tool for money laundering crimes because it is not regulated by the government.
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Board Bitcoin Discussion
Re: Google ban crypto ads.
by
ghsh
on 17/03/2018, 03:15:31 UTC
How the impact of this issue.

https://cointelegraph.com/news/google-to-ban-all-crypto-related-ads-starting-june-2018

whether this drama will affect the price of Bitcoin. Huh

It is already affecting the price of bitcoin but we should not be demoralized from this news. Google for sure is a big company which has taken their position against crypto but the CEO of Facebook, Mark Zuckenberg has said in one of the latest interviews that he sees big potential from blockchain and bitcoin and that this will be the future of facebook. Facebook has a huge database of potential clients too so people who wanted to post their ad on Google will have to switch to Facebook.

And lately Instagram I believe is allowing crypto ads as I see a lot of crypto ads sponsored there.

A policy announced in the year of 2006 is that companies that have legal cryptocurrency products do not allow advertising services through Google's advertising products.
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Topic
Board Bounties (Altcoins)
Re: [AIRDROP] DATAREUM BIIIIIIG AIRDROP! $500,000 USD!
by
ghsh
on 15/03/2018, 09:13:52 UTC
the ann thread link was mistake,update it pls Wink
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Topic
Board Bitcoin Discussion
Re: "The shape of bitcoin", by Satoshi Nakamoto
by
ghsh
on 10/03/2018, 03:07:52 UTC
No, Satoshi Nakamoto is not an AI or a group of people. No, he is a real human being and he is not dead.
Satoshi is writing a book, named 'The shape of bitcoin' explaining his motivations and disclosing many secrets we didn't know.
He will reveal his work ready to be published as a book if the funds in his genesis block address reach a valuation of 21 million US dollars.
He intends to give all this raised money to the charity 'GiveDirectly', based in Africa.
It seems Satoshi is antecipating being found and decided to surprise the world before that.
Satoshi is a great writer. Believe me.

I have no doubt that Satoshi is a talented writer.  You can see it in much of his writing on this forum and in some other archival locations.  I look forward to reading his book.

If he chooses to come forward, that's great, but I can also understand why he'd want privacy.  Having a lot of attention suddenly placed upon you can be a very stressful and anxiety-ridden experience.  Plus there are practical considerations that have to be accounted for as well, given the estimated number of BTC he may have.  Personally, that's why I don't support attempts to "dox" him.  If he wants to come forward, he will.  If not, he won't.  He could even release his book without coming fully forward publically.  It has been done before.

I believe that the funds that were mined in the genesis block cannot be spent because of how the genesis block is inserted into the blockchain (well actually creating block 0 of the chain, not really inserted).  I don't think the 50 BTC transaction in the block is subject to the same validation code as a normal block.  I could be wrong but I remember a few years back there was some discussion about that possibly being an oversight and in the end it was determined to keep it the way it is.  I forget the reason why, I think probably it would introduce a potential vector to fork the chain straight from block 0.  I'm sure it's around if you search, it had to be on here because years ago this is the only place I went for Bitcoin information.

However, for the BTC in that transaction to reach $21 million, each BTC would need to be worth $420,000.  Nice number, lol, plus I believe it's very attainable in the medium term future.  Also, GiveDirectly is a great charity!

Best regards,
Ben


One of the biggest mysteries in today's science and technology is who the so-called founder of Bitcoin Satoshi Nakamoto is. Satoshi Nakamoto is a pseudonym, which may be behind a person or a team. In 2008, Nakamoto published a white paper that first proposed the concept of "bitcoin." In 2009, Nakamoto released the first software for cryptocurrency. It is expected that Nakamoto will control approximately 1 million bitcoins. Now their value has exceeded 5 billion U.S. dollars, accounting for about 5% of all bitcoin holdings.
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Board Bitcoin Discussion
Topic OP
How Bitcoin hits the national currency system?
by
ghsh
on 08/03/2018, 08:01:43 UTC
Recently, I have read some introductions about bitcoin and other p2p currencies. I still don't understand them. I may be unaware of myself, or some do not understand the principle of their specific impact on the national currency.
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Board Legal
Topic OP
Is Bitcoin required to pay taxes?
by
ghsh
on 08/03/2018, 01:33:58 UTC
Britain, Japan and so on are tax on Bitcoin, China's behavior such as Bitcoin transactions is not tax, which is why? What will happen?
If Bitcoin needs to pay taxes, what are the taxation links? Which taxes include?
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Board Bitcoin Discussion
Re: Japan plans to become the Bitcoin capital of the world.
by
ghsh
on 07/03/2018, 06:41:10 UTC
We have a bundle of good new appearing today.
This one is about Japan future leadership in Crypto world.
JAPAN plans to become the Bitcoin capital of the world

They might have some competition when it comes to the news that germany has really been upping their trade on bitcoin and is able to integrate it faster if all things favor the Germans. But its good that germany and Japan are having a kind of friendly competition when it comes to bitcoin as there might be some major countries who are watching and taking notes and that way we would have a much more stable influence on bitcojn and anything else
Japan is on its advantage on bitcoin because they are the fastest growing community with a good leaders that is open for the new technologies. Germany is now only making noise towards cryptocurrency and a competitor is always good for each nations to prove their excellence and excel in other countries.

Unlike neighboring countries such as China and South Korea, which fight crypto-currencies, Japan is still determined to become the first country in the world to promote cryptocurrencies as legal tender despite the risks. However, the current cryptocurrency business is very speculative. However, the revenue from this business, including the capital gains tax levied on individual investors and enterprises, may reach 1 trillion yen (about 9.2 billion U.S. dollars). Tokyo hopes to take advantage of people's interest in cryptocurrencies to improve the economy.
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Board Bitcoin Discussion
Re: Have You Been Scammed?
by
ghsh
on 06/03/2018, 04:56:19 UTC
I invested in about 5 projects, so far the bench was not)just selected good! but the bounty was led by the projects,some of them were Scam,but really not very much

I do not think Bitcoin is a scam. All I can say is that you need to be more cautious about investing because it depends entirely on what we do. You can not accidentally buckle yourself with bitcoin.
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Board Bitcoin Discussion
Re: Samsung is going to support bitcoin
by
ghsh
on 06/03/2018, 03:55:28 UTC
I hope this is true but I don't I am sure until I will see it, Samsung is a great and big company but we need to proofs and don't just words.

Samsung's entry into the Bitcoin mining industry shows its ambition to expand into the existing chip industry and to dominate the processor maker's dominance in the mining industry. Currently, due to the fierce competition in the smart phone industry, Samsung's decline in the field of smart phones is even more pronounced, with the proportion of related profits in the overall revenue declining. This may be good news for the majority of bitcoin miners, because competition will inevitably bring down the price of mining chips, a lot of economic ability is not very good, college students, miner may not be scanty, can buy the favorite mining chips.
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Board Bitcoin Discussion
Re: The environmental problem
by
ghsh
on 04/03/2018, 03:05:48 UTC
More than 90% of human activities affects environment in one way or the other. Most of the  facilities we use reach our hands after exploitation of natural resources.  New ways need to be invented which have least effect on the environment as petrol diesel coal is being replaced by solar wind energy though it is in its initial stages.  LED technology being replaced and is being used instead of conventional lights bulbs a good step forward saving environment. 
In the initial stages every invention creates  problems of pollution but afterwards with advancement of technology we may control it.
Major problem is usage of Petro products which need quick replacement. 
Leadership with strong positive attitude are trying and marching ahead in this direction. 
All of us need to save energy , least usage of man made things will save earth environment.  People need to be educated for simple natural living.
Just bitcoin can't be blamed fiat currency paper  currency also affects environment due to trees cut for printing also electricity used for it.


 

The amount of energy required for a bitcoin transaction is rather abstract, but the power consumed by each bitcoin transaction can be spent by a single U.S. family for a week, which more or less pollutes the environment...
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Board Bitcoin Discussion
Topic OP
Why digital assets like Bitcoin in 2017 burst out?
by
ghsh
on 03/03/2018, 02:12:13 UTC
Much of the similar questions are answered in early 2017, with questions such as exchange controls and the like. Quotes of the starting point is China? Because technology has been a breakthrough? Or just the bookmaker Jingzhe. If this wave of end of the stock market, the most rational reason for the collapse of the bitcoin or reasons?