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Messages - emma.lee1890

Pages: 1 2 3 [4] 5 6 ... 33
46
I think not all users are or even most of the users are gamblers. There are some that just Hold and work for more. Then social media carries more towards crypto-currencies and some are starting to invest from time to time & holding is the main factor that keeps values stable and Jobs paying in cryptos are somehow influential in increasing the value. Social media can be either helpful or not but it is informative though sometimes not factual. I do not believe that bitcoin sustain because of the giant and rich gamblers. Bitcoin is sustained because of people average or rich that bought bitcoins and hold it. With constant holding of bitcoins and the increase of demands from people who are buying bitcoins the value of bitcoin increases as the supply in the market is reduced. But in the end what sustained bitcoin are the trust and confidence of bitcoin users to bitcoin.
What are the reasons for the bitcoin waves? maybe gambling bank-steers in the developed world?

47
Bitcoin Forum / Bitcoin As Paper Notes Useful?
« on: November 23, 2018, 06:57:06 PM »
Anyhow this is an interesting thought. Do you think that it would be possible to put not exactly BTC into a paper note but any crypto in some what of a denomination in a paper note. eg hardware

more less it could be used for people who have no access to internet have spending power, where the paper notes would have  bar code scanner code on it, that they take to someone else for buying goods and services.

Your thoughts on this idea, could be used in whole numbers of a type of crypto if the numbers meet up to a certain standard, as not to correspond to a FIAT system but be entirely in Crypto?

your thoughts? pros and cons to this concept.? thoughts?

48
Bitcoin Forum / WHAT'S GOING ON WITH BITCOIN?
« on: November 23, 2018, 06:26:31 PM »
Yes, I agree there are many different projects worth mentioning and I will write an article discussing the ones I consider to be the most promising, their advantages and problems. But for now, let’s focus on Bitcoin. Not because of price, but due to adoption: no other cryptocurrency has as many users, developers and infrastructure support. Maybe Ethereum, which is closing in, but still Bitcoin is the most widely spread cryptocurrency and the base layer for the entire market.
Today I will be discussing ways bitcoin is being improved and infrastructure changes happening in the near future, that can potentially help by lowering fees, by improving ease-of-use, by creating off-chain payments solutions or simply by adding more transactions to each block. There are ways of implementing each solution separately, but some core technology must be widely adopted, like Segregated Witnessing (SegWit).
There will be three main topics I will approach today: batching, schnorr signatures and atomic swaps. I’ve been discussing the Lightning Network too much and I want to check different potential solutions, less prone to centralization.

Speaking of the devil, that’s definitely one of the features I believe we should be trying to avoid. Bitcoin’s purpose is to be fully decentralized, so any action, update or improvement that won’t go in that direction should be disregarded.

49
Bitcoin Forum / How does a Bitcoin Work?
« on: November 23, 2018, 06:16:37 PM »
A Bitcoin has a pre-determined amount of coins that it will produce. For example, the market cap for Bitcoin will be 21 million coins. Some amount of these coins are released at the start of the Bitcoin. The rest will be released using miners.
Miners:
In Bitcoin, you send some amount of your money to others and others will send you some coins as well. To facilitate this exchange, make sure that the transactions are secure and to confirm the record of movements of the coins, miners are used. Miners are simply computers that do calculations for the currency which verify and allow the secure movement of coins from one person to another. This computers then get awarded for their work by getting paid in Bitcoins. To pay these miners, new Bitcoin is "printed" and given to the miners. Like this, more and more coins get added until the Currency reaches its market cap. Then, miners are awarded money through transaction fees.

50
Bitcoin Forum / How does Bitcoin gain value?
« on: November 23, 2018, 05:59:07 PM »
In theory, it seems hard to see why Bitcoin can have any value. But the truth is, how does a US dollar have any value as well? The answer lies in the usage of the currency. If many people are using the Dollar to exchange items, then it has some value and it becomes a currency. Bitcoin or any other Cryptocurrency works in the same way. If any group of people come together and say that they will use Bitcoin for transactions, then Bitcoin gains some value. The more Bitcoin is used, the more value that Bitcoin gets. It is very similar to demand vs cost. The higher the demand, the more the price and vice versa. The demand for Bitcoin is created because it was a pioneer in Cryptocurrency, which brought it many advantages over Fiat Currencies(Currencies issued by the central government).
Not only is demand very important, some other factors lie in the growth of other Cryptocurrencies as well as the legal matters concerning Bitcoin.

51
Bitcoin Forum / USES OF CRYPTO-CURRENCY
« on: November 23, 2018, 05:51:26 PM »
 Now that you know the basics about Bitcoin, and other Cryptocurrencies, lets talk about the uses of Cryptocurrency and why they are so popular.

1) Using Cryptocurrency, one can send money to another person anywhere else in the world, with very low transaction fees, fast transactions, and with high security. This makes it a very low cost way of sending money which, unlike banks won't charge you high fees. A person sending $99 million worth of Litecoin only cost him/her 40 cents in fees and took only 2.5 minutes to process. Imagine if one had to do that transaction with a bank, it would be a much more lengthy and time consuming process.

2) On the news, a lot of you have probably heard about many people becoming rich by investing in Cryptocurrencies. A major reason many people buy Cryptocurrency today, is for a short term investment. Since Cryptocurrencies are much more volatile than regular currencies like the Dollar or the British Pound, it is easy to buy a lot of coins on a particular day and sell them after the price of the coin increases. But that is not the only way to earn money from Cryptocurrency, staking and mining are also very common methods.

3) Cryptocurrency can also be used for alternate uses like Buying Clean and Free Energy as well as helping Artists grow. This will be covered in future posts. Not only that, many Cryptocurrencies can be used to purchase items. You can use cryptocurrency for travel transactions, for school fees, and for buying real world objects

52
Bitcoin Forum / Basics of Crypto-Currency and Bitcoin
« on: November 23, 2018, 05:44:37 PM »
 Most of you already know about Bitcoin, a crypto-currency worth thousands of dollars, which has made people rich and has been founded by an anonymous figure named Satoshi Nakamoto. But what is Bitcoin and Crypto-currency actually?
 Crypto-currency is basically virtual money which you can exchange among people. It gets its name from cryptography, which is just a method to secure financial transactions on the currency. To make things simpler, we know that every country has its own currency. For example, the US has the Dollar, India has the Rupee, and China has the Yuan. Just like that, imagine another country, which is the internet, which has its own currency called Crypto-currency. And in Crypto-currency, there are many different types as well, which all work together to do one thing, which is exchanging money among people.
 As mentioned before, Bitcoin is a crypto-currency created by Satoshi Nakamoto, an anonymous figure, whose Crypto-currency made other digital currencies possible. Bitcoin was first released in October of 2008. Unlike other Cryptocurrencies at the time, it was successful due to Satoshi Nakamoto finding an idea to solve some problems that did not allow other Crypto-currencies to exist. After suffering some major drawbacks from 2010-2013, it finally emerged as a clear player in the Crypto-currency market. At this point in time, many other Crypto-currencies also emerged, such as Name-coin and Lite-coin. And in 2017, Bitcoin gained an all time high of $19,783.06 on December 17.  Bitcoin isn't the only Crypto-currency, in-fact currently, there are over 1500 Crypto-currencies in the market. Only a few of them actually are currencies you should invest in. In this site, we'll talk about which Crypto-currency you should invest in and why.

53
I am very curious on why the American public has not insisted that a full audit must be done on the actual Gold that are stored in Fort Knox and other secure places in America. They blindly accept that there are lots of Gold stored in the vaults in Fort Knox and all over America. The government has no right to withhold that information, but the public is not demanding it. Why?
1. They know that if this is true, their economy will PROBABLY collapse?
2. They are scared of their government?
3. They are just ignorant?
4. They simply do not care about this?
Why would the government go to that much trouble to hide this information from the public, if they had nothing to hide?

54
Bitcoin Forum / Could the Chinese Govt take over the mining of Bitcoin?
« on: November 18, 2018, 10:48:37 AM »
It is very much possible for a communist government like China. They are infamous for violating human rights. For reference, you can check out the current situation of Uyghurs Muslims in Xinjiang. Every possible human rights are being violated for them by the Chinese Government and they are being denied even the basic requirements of life. So it is very much possible for Chinese government to forcefully take over the mining operations under their own control. Probably this is unimaginable in first world countries, but very much possible in China. If this happens, it would not give us a positive impact on the market.
This news is slowly coming out but over half the Bitcoin miners are Chinese entities!
What would happen if the Chinese Govt took the mining over from the entities: It is a scary possibility and i was made aware of it on a you tube channel that has 200,000 subscribers!

55
Dealing with that amount is illegal. I don't know if he had a fiscal residency or not but either way he was limited to 10 000 euros. So, if the article is real (as I've seen thousands of fakes who are written just for clicks) he probably has only slight to 0 chances of getting his BTC but he will probably also be in trouble because of this whole deal. There is just no way to verify if this actually happen but that crypto guy there must be as stupid to get involve in such dealing. If he needs 2M Euros why didn't he deal multiple times with someone from local-bitcoins but its much safer to do it on an exchange. Its certainly not the future of BTC scam, scamming online is more creative and cleverer than that.
I'm always amazed at how the hell can some guys run a successful company and at the same time be this stupid.

56
Similar to reconstructing the Internet with block-chain technology, it is simply a decentralized smart contract development platform that can customize smart contracts as needed and become an APP on the Ethereum block-chain. Attracted many big cattle developers to develop new projects on it. Market capitalization is second only to Bitcoin, which is approximately 60% of the market value of Bitcoin. Ethereum has no problem with its business logic. At the time of ico, its valuation was close to 500 million rmb. It has risen nearly 1,000 times.
The recent speculation is very profitable, financial white want to participate, first set a small goal: outperform CPI. Of course, it is better to be able to run a better life.

57
Bitcoin Forum / Does Bitcoin have a Mining Monopoly problem?
« on: November 18, 2018, 10:30:15 AM »
As professional mining groups with specialized computer chips emerged. Bitcoin mining is gradually becoming centralized.  News about how bigger and influential companies in the bitcoin economy by virtue of their sheer amount of processing power, or hash rate, are taking controls over the Bitcoin mining continue to widespread, making more undeniable. Just to clear on this topic, Help me understand whether the above topic is entirely true. And if it is true, what is the its implications. As much as bitcoin try to deny it... Bitcoin mining currently has a monopoly problem. Recent news have made it clear that Bit-main, one of the most influential company in the bitcoin economy holds virtually greater proportion of processing power, or hash rate. And hence is one of the sole determinant/ influences in the Bitcoin market.

58
Bitcoin Forum / Supports 10,000 votes for Bitcoin
« on: November 18, 2018, 10:23:57 AM »
I don't think bitcoin need our votes... or our support while talking about price. Price is in natural fluctuation, rise and stabilization, rise and stabilization, add to that correction.
That's it, don't try to turn river with a stick, just go with the flow Smiley
What do you dream of if Bitcoin prices rise towards the end of 2018?
no dreams, i will accept any reality.
What would you do if Bitcoin prices continued to increase towards the end of 2018?
i would drink coffee, i would also if it would fall.

59
Bitcoin Forum / The startup that's giving away Bitcoin
« on: November 17, 2018, 08:13:16 PM »
   One startup founder, Alex Adelman, hopes to speed up bitcoin's adoption process, and he's doing it by making cryptocurrencies accessible to people who aren't necessarily interested in going out of their way to buy it. Adelman is the founder of Lolli, an eight-month-old New York-based startup with a single-minded mission: Put cryptocurrencies like bitcoin into the hands of consumers, risk-free.
Lolli's primary offering is a browser extension (it pairs with Chrome and Safari and it's downloadable through Lolli's website) that pairs with more than 500 online retailers. Purchase an item through one of Lolli's online retail partners, and you'll receive as much as 30% off the item's cost back in bitcoin. From there, the bitcoin is stored in your personal Lolli wallet where it can later be cashed in to your bank account.

60
Bitcoin Forum / Do we really get the whole idea about bitcoin?
« on: November 17, 2018, 07:56:07 PM »
 I realized that all what people talk about is;
Bitcoin is dying
When is it right to buy bitcoin
Bitcoin is an asset
Bitcoin is a bubble
Bitcoin is volatile and so many on.
I believe bitcoin or cryptocurrency is not all about buying and selling, whether it is an asset or it being a bubble or the volatile nature in the term of price value. Bitcoin is the revolution to the financial system of the world. It goes beyond buying and selling or investing it. Digital currency (bitcoin) is the improved version of the physical fiat system. We discussing on how bitcoin is revolving the world and future changes it will bring in the 5-10 years will help with the false misconceptions people have about cryptocurrency (bitcoin).

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