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Showing 20 of 20 results by s100
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Board Bitcoin Discussion
Re: What do you mean when you say Bitcoin is number 1
by
s100
on 05/05/2018, 18:03:54 UTC
Bitcoin has a significant advantage being the pioneer in the space and capturing first mover advantage. It is also far ahead in recognition to many other digital currencies in all the areas you highlighted. I think it will evolve over time to maintain its position because many people are involved in the community and this is really above everything else what powers it - the number and dedication of the people involved. and in terms of store of value, security, and privacy, Bitcoin do have a good track record, resilient/robust system. Bitcoin as a tool for freedom from globalist control, this is happening at a very small scale. We have seen people belonging to repressed hyperinflated economies turning to Bitcoin. IMO Bitcoin is being treated as a speculative asset by those who don't see Bitcoin's potential value as an alternative to the fiat system. Convenient medium of exchange, this is where Bitcoin is lacking now. If Bitcoin needs to go mainstream then it would need to have more user-friendly applications. Bitcoin can be a store of value/safe haven asset in times of financial crisis, but is Bitcoin going mainstream dependent on such events? No. Bitcoin being a decentralized, permissionless, censorship resistance global system has something to offer to everybody. Speculators who are in for the quick buck see Bitcoin only as a tool to boost their earnings so apart from the money factor there needs to be something for them to use Bitcoin, something that the existing technologies/products aren't offering.

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Board Bitcoin Discussion
Re: Bitcoin's Dystopian Future
by
s100
on 05/05/2018, 17:57:10 UTC
Bitcoin's Dystopian Future

 
 yes If you were to peak into my bedroom at night (please don’t), there’s a good chance you would see my wife sleeping soundly while I stare at the ceiling, running thought experiments about where Bitcoin is going. Like many other people, I have come to the conclusion that distributed currencies like Bitcoin are going to eventually be recognized as the most important technological innovation of the decade, if not the century. It seems clear to me that the rise of distributed currencies presents the biggest (and riskiest) investment opportunity I am likely to see in my lifetime; perhaps in a thousand lifetimes. It is critically important to understand where Bitcoin is going, and I am determined to do so.

My hundreds of hours of thought experiments have been productive. I published a whitepaper about the future of Bitcoin, and because of that paper I’ll have the great privilege of sitting on the “Bitcoin in the Future” panel at the 2013 Bitcoin Conference in San Jose. Through these years of deliberation I have satisfied myself that the answer to the “Trillion Dollar Question” of whether any form of distributed currency can ever achieve a stable price, is “yes”. (There are three ways this will happen, as I have written elsewhere).


To many people, this sounds like an implausibly rosy future, and for early adopters that is true — it feels like winning the lottery every day. However, for most other people, the epascendancy of distributed currency systems will feel like a disaster. If you are epascendancy of distributed currency systems will feel like a disaster. If you areinvolved in Bitcoin now, you should prepare to be almost universally hated someday. and Anarchists and hardcore libertarians love Bitcoin, but most people outside those circles are not in favor of completely doing away with their government. If you aren’t part of a fringe political movement, chances are there is something the government does that you like, whether it’s handing out entitlement money, killing enemies, putting people in prison, building dams and roads, funding research, or any number of other things. and I need to read it more thoroughly later, but I just wanted to quickly observe that Bitcoin is not untaxable. There are proposals for building income/sales tax systems that can apply to cryptocurrencies and it's a topic I intend to write more about in future. I have been predicting for years that the world’s first trillionaire by USD valuation will be an early investor in distributed currency — quite possibly Satoshi Nakamoto, whoever he/she/it/they may be. I own a few bitcoins, and I intend to keep them until I find a more attractive investment (that is, I want to invest in whatever replaces bitcoin or builds on top of it).
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Board Beginners & Help
Re: some good info about bitcoin
by
s100
on 05/05/2018, 17:45:12 UTC
yes Some good information about Bitcoin is that Bitcoin is currently the world's most profitable currency. Through Bitcoin, people can easily purchase essential goods. The number of investors in bitcoin is increasing day by day. Many countries of the world recognize Bitcoin. Bitcoin reduces the number of unemployed people from the world. Making people financially strong and creating new areas of income and one thing about cryptocurrency users is that they all first find out about bitcoin then they find out about alternative cryptocurrencies or altcoins. this means they all have a bitcoin wallet and some amount of bitcoin in it then they may or may not have some altcoins too. it is never the other way around so saying "most" here is choosing the wrong world. it should be "all" and BTC is king of all cryptocurrency. It is samart way to investemt and earn big profit because many people belive it.
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Topic
Board Beginners & Help
Re: some good info about bitcoin
by
s100
on 05/05/2018, 17:37:51 UTC
yes Some good information about Bitcoin is that Bitcoin is currently the world's most profitable currency. Through Bitcoin, people can easily purchase essential goods. The number of investors in bitcoin is increasing day by day. Many countries of the world recognize Bitcoin. Bitcoin reduces the number of unemployed people from the world. Making people financially strong and creating new areas of income and one thing about cryptocurrency users is that they all first find out about bitcoin then they find out about alternative cryptocurrencies or altcoins. this means they all have a bitcoin wallet and some amount of bitcoin in it then they may or may not have some altcoins too. it is never the other way around so saying "most" here is choosing the wrong world. it should be "all" and BTC is king of all cryptocurrency. It is samart way to investemt and earn big profit because many people belive it.
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Topic
Board Bitcoin Discussion
Re: What are the best Bitcoin blogs?
by
s100
on 05/05/2018, 16:57:04 UTC
 yes I downloaded a RSS client and I want to create a list of the best blogs about Bitcoin (and crypto currencies in general) to constantly keep up to date what happs in the domain. I've already found some well known blogs, mostly by searching on Google.
I would be interested in which blogs and websites you follow or which blogs you recommend to follow. I do not menean general new sites like Coindesk for example and the ones listed here are already very good examples. If you want something seldom shared or found easily by Google, you might want to try checking out some blogs/news sites in foreign languages - try the one from your country first if you have a local language. and I don't read Chinese, but I reverse translate my search into mandarin on baidu.com and get some interesting (different) takes. You can do the same for Russia as they also have a lot of blogs and sites.

   
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Board Bitcoin Discussion
Re: Is there a relation between Bitcoinprice and Gold price?
by
s100
on 05/05/2018, 16:49:21 UTC
 yes the graphs definitely look pretty similar but I can't think of any reasons why they might be related. They are 2 different types of investments with probably different markets as well. Maybe think of this in a practical sense and it will be easier to explain. Bitcoin is a fairly new cryptocurrency that has a new market, is decentralized and also can be used to make purchases online. While gold is a rare metal, that is used for fashion and also one of the oldest investment options out there, it is super stable and is on a steady climb up, while bitcoin just feel around 1000 USD in the span of one week. Both investment options, but they are still totally different things, and probably have no relation to each other and
what you have notice in the charts are mere coincidences. After all, there will always be a high and low movement in any market, be it bitcoin or gold or silver or foreign exchange rates, etc. These are affected by a different set of unique circumstances because they are independent from each othe.
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Topic
Board Bitcoin Discussion
Re: If bitcoin owner die. It means bitcoin also lost forever?
by
s100
on 05/05/2018, 16:36:38 UTC
 I just got this question in my mind. What will happen if no one knows about the pasword of his/her acount will it posibly deduct to the main supply of bitcoin? Example bitcoin was 21million supply and one man got 1 million bitcoin he was holding and suddenly he died no one can open his wallet is it posible that the remaining 20 million bitcoin forever and yes, the 1 million bitcoin of the dead person will still exist, but won't move anymore because no one can make them move from a wallet to another.
This, so far, explains too why bitcoin supply is limited, and decreases with time. Now it's compensated by btc mined, but mining won't last forever (bitcoin income for miners decreases every 4 years).
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Board Altcoin Discussion
Re: Greed and crypto !!
by
s100
on 05/05/2018, 12:51:56 UTC
yes there must be reasonable limits. It is reasonable to spend on cryptocurrency the money that you can afford to lose and it will not affect the quality of your life. You want to risk your well-being. Times of high volatility have passed, the market is becoming more Mature. By investing in early 2017, you could become a millionaire by investing in 2018, you will become a little richer, nothing more. But how much will have to wait for the moment when the market will reach the level of the January highs, it is not known. Therefore, I advise you to invest 10% of your monthly budget and do not sell your coins/tokens 23years.
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Board Bitcoin Discussion
Re: Cryptocurrency education in high school
by
s100
on 05/05/2018, 12:23:48 UTC
yes I think this is too early for High school students but the right time for college students, but overall this is great for the crypto community. This will certainly affect the future of Crypto currency market, since they have at least a basic knowledge how blockchain works. Unlike the older people today that has a closed mind thinking that Bitcoin/altcoin is just another scam. This students will be the future investors and will surely make the crypto currency market stay for the future and This is encouraging, but I'm only fully supportive if the cryptocurrency talk is part of a larger discussion on personal finance education. Financial education is far more important to the entire population. And cryptocurrency plays a role in that education, but only if people know the fundamentals of responsible personal finance.


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Board Altcoin Discussion
Re: This can be addictive!!
by
s100
on 05/05/2018, 11:57:29 UTC
Crypto is very addicting, especially in the beginning. After that you learn to deal with the swings and how the markets work but starting off it is really tough to put down that phone. That is why I always stress having a proper routine outside of cryptocurrency. Whether that means getting in good workouts, hanging out with friends and family, or some alone time to do your hobby, you should do it. Whatever it means to you get a routine outside of cryptocurrency because that will go a long way in keeping your brain sane and yes everything is dependable on the profit you want to gain from your trades. People who got rich with the successful trades probably had neglected their social life a bit and committed themselves fully to the market system. The small percent of the investors which gained the bigger profit had the significant amount of the luck and their time was not so significant for their profit and even if everyone desires the wealth and richness from the market balance must be preserved between the market and the real life because in the end you can also get out with a loss and you will then ask yourself where did you spend all your time and life is short and watching all day at the market charts can be distressing and ungratefull. To be truly successful you must watch the happening in the market all the time but is that really needed when you have enough to be happy in your life outside the market curves and different coin.
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Board Legal
Re: Roger Ver to be sued for defrauding bitcoin newbies.
by
s100
on 05/05/2018, 11:06:59 UTC
 yes with how he handled things, that really warrants a class action lawsuit, though I doubt they would really get into it. What he did from a consumer's perspective is fraudulent and you can't defend that no matter how you put it in the court. Nobody owns bitcoin nor bitcoin cash, sure, but misleading people to buy your 'product' (technically, Roger Ver is the face of bitcoin cash and he advertises the hell out of it) while they wanted to buy another product is fraud. I hope that they really are enthusiastic in getting this thing off so as to put Ver behind bars. A once smart man lowered to the ranks of a scum.
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Board Bitcoin Discussion
Re: Who is selling Bitcoin?
by
s100
on 05/05/2018, 10:05:55 UTC
yes because even though no matter how bullish you are on bitcoin, some people are still going to need fiat; probably to pay for bills, to buy random stuff, to pay for some sort of emergency, because they are short on fiat, those stuff. Deal with it, bitcoin isn't used enough(especially in 3rd world countries) that you can live with bitcoin alone and Supply and demand is not the relevant question. The relevant part is WHO is buying and selling. And when you see the amateur-investors, which this forum is filled with, taking the buy side in a naive vision that Bitcoin can only go up - and the clever larger investors slowly selling their Bitcoin -
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Board Altcoin Discussion
Re: Zencash: Excellent potential?
by
s100
on 05/05/2018, 09:32:17 UTC

 It was Charles Hoskinson and his team who corrected the problem. yes the reason you stopped following is the reason I started following. Charles Hoskinson is one of the biggest names out there, and his company is part of the core development team and with the company being run by a professionals and the big name strategic advisors behind them, I think there could be more going on behind the scenes than we know.
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Board Service Discussion
Re: Bitcoin Banknotes
by
s100
on 05/05/2018, 09:19:53 UTC
yes with this new technology item introduce into the market it might have some effect on helping to raise the awareness of btc to more people. Since this physical note can attend to problem like transfer fee and from online to offline we can expect more demand in btc for the coming years if it is being adopt by public and crypto users and  Interesting in themselves and worthy of attention are Singapore banknotes with a par value of 0.01 and 0.05 bitcoins. While it is difficult to imagine how these banknotes will go as a means of payment, but how they can be used as bonds. The organization that issued them should guarantee their redemption at par value in the case of presentation for payment. At the same time, bitcoin, as everyone expects, should increase substantially in price. This makes it possible to use them in this capacity, than simply as a payment method for mutual settlements and we see that new forms of application of crypto-currency are being created, including their combination with conventional cash. This indicates that the crypto currency is still developing and the possibilities of its application are still enormous.
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Board Service Discussion (Altcoins)
Re: Never miss a good ICO bounty again
by
s100
on 05/05/2018, 07:03:30 UTC
yes  I need to do somethings in order to earn stakes - what are stakes some altcoin? seems this is popular way to earn money I guess but can somebody explain to me a bit more about them, there are many of them I see which can keep me ocupied which should be good if I can benefit a lot by doing this. But is it a scam? Do they pay at end, I see it could end up that I do them and they dissapear with money and You are right, there are more high rank members on this from, signature bounty hunters get less stakes than.
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Board Speculation (Altcoins)
Re: Shall I buy ETH?
by
s100
on 05/05/2018, 04:43:03 UTC
 yes Both cryptocurrencies are trustworthy and they have something to show for. BTC is the pinnacle of everything and ETH is following closely behind with its vast possibilities for using its blockchain. Personally, I would choose ETH over BTC, in case I would have to use it for transactions too (fees are relatively low compared to BTC). But solely for investing for long-term holding, I would choose BTC. You can also do both. For example, buy maybe 80% BTC and 40% ETH or something like that and But you can invest in bitcoin too. Both coins are very good now but which is better? It depends about your budget
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Board Bitcoin Discussion
Re: Government and Bitcoin
by
s100
on 05/05/2018, 04:19:16 UTC
yes one of the main reason could be because bitcoin is a decentralized currency , which means that not a single person or goverment can control it, this means that if the goverment cant control it, then the goverment wont deal with it since it gives them no benefit and It is very hard to regulate. Bitcoin would encourage more money laundering due to the anonymity it pvideros. Regular people still don't understand Bitcoin and think of it as some kind of scam.
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Board Bitcoin Discussion
Re: Is bitcoin digital gold?
by
s100
on 05/05/2018, 02:26:52 UTC
Yes, bitcoin is a digital gold that is more popular and famous in this generation. Bitcoin is our gold because of its higher price that is more than a gold. Bitcoin is really great and useful for everyone. Bitcoin is for our future so must keep treasuring it. We must keep it and keep trusting it with all our hearts and  it is also popular and many investor keep it is as a treasure. Bitcoin is also use in daily needs.
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Board Bitcoin Discussion
Re: Bitcoin Attraction
by
s100
on 05/05/2018, 01:55:35 UTC
yes I'm attracted to Bitcoin because of the possibility of making money, contributing to something new and growing, and get myself primarily out of the normal banking system, allowing for me to have my value stored beyond the fiat system and a bit safer compared to what they would be and Bitcoin is the alternative to many centralized payment options and also remittance services like MoneyGram/WU that are exploiting people with high fees.
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Board Speculation (Altcoins)
Re: Market is GREEN - Do you trust it
by
s100
on 04/05/2018, 18:21:06 UTC
yes I believe the green state of the market is going to last. Though I don't have any proof of that but I got faith it will Last. and however, investing and trading involve alot of risk so it all boil down to your own decision to trust or not to trust.