And lost 99% of its value!
How do you compare a traditional transaction to one that is uncensorable by anyone?
IRS considers it an asset not money.
I think the people in the panama papers would disagree.
This is false, you just have to wait for more confirmations. And if miners are censoring transactions there will be a fork where you can use your coins.
Exactly the point. Satoshi created the issuance curve of Bitcoin to mirror the amount of gold that was dug up.
Another worrying development on the bitfinex story is that one of its employees has removed the warrant canary from his twitter profile. https://twitter.com/el33th4xor/status/941707765910818816 I think this is a bearish…
There have been low transaction fees in the past and they can return. Currently that is not the case.
The crypto market trades more on sentiment first, then technicals.
> One caveat with Bitcoin is that the network is so slow (effectively just 3 transactions per second) that a crash would be spread out over time. This is false, the majority of people selling already have their coins on…
>you aren't any more free than you were under the banks, you're just beholden to a different master - the people who maintain the cryptocurrency networks. Exactly. Bitcoin just like fiat is backed by trust in those who…
>BTC could go to $0 tomorrow. Suppose the US Gov. makes everyone legally declare their BTC assets as assets and they are subject to taxation etc.. BTC is ALREADY taxed as an asset. If you buy $4 worth of BTC, price goes…
>Or illegal medicine/performance enhancing drugs/... Like overpriced medication that is unaffordable in the US.
This is low level trolling. Visa and Mastercard are not decentralized. Centralization is an easy way to scale. They are not apples and oranges. Also, Bitcoin settles transactions in 30 days, merchants get their funds in…
Bitcoin is the conservative approach to any change that decreases the keystone of decentralization that allows it to survive. The market is deciding what it values.
Terrible analogy. To be more accurate, you would copy america and change the policies you want. Then the market decides on what they believe in and want.
Ignore exchanges where there is 0 trading fees like the big one in Korea.
How does the government seize bitcoins when you have memorized your private key? They cannot read your mind. Here is more information about the topic :https://en.bitcoin.it/wiki/Brainwallet
They have done a lot. However they were pushing too hard for the NY Segwit 2X agreement and complaining loudly of high fees. They still have not upgraded their software to support segwit addresses but still had the time…
If you are certain it will collapse you can make a lot of money shorting it. If you are 100% sure, there is no downside.
What do you see as the core value bitcoin provides? Outside of wild speculation?
This graphic is useful but misses the context of past failed hardforks/attacks such as BitcoinXT and BitcoinUnlimited.
Longest PoW being the main chain was not described in the context of contentious changes to consensus code. By that definition, a 51% attack that censors transactions would be the longest PoW and be defined as…
There is no doubt the pets.com equivalent of ICO startups that won't deliver anything of value. On the other hand, the googles, and Amazons of the crypto world are being built today and if they provide enough value they…
Bitcoin as a currency doesn't solve any problems for people in developed countries. For the 5 billion plus who are underbanked due to lack of access or government red tape, it solves a big problem. Maybe you live in a…
And lost 99% of its value!
How do you compare a traditional transaction to one that is uncensorable by anyone?
IRS considers it an asset not money.
I think the people in the panama papers would disagree.
This is false, you just have to wait for more confirmations. And if miners are censoring transactions there will be a fork where you can use your coins.
Exactly the point. Satoshi created the issuance curve of Bitcoin to mirror the amount of gold that was dug up.
Another worrying development on the bitfinex story is that one of its employees has removed the warrant canary from his twitter profile. https://twitter.com/el33th4xor/status/941707765910818816 I think this is a bearish…
There have been low transaction fees in the past and they can return. Currently that is not the case.
The crypto market trades more on sentiment first, then technicals.
> One caveat with Bitcoin is that the network is so slow (effectively just 3 transactions per second) that a crash would be spread out over time. This is false, the majority of people selling already have their coins on…
>you aren't any more free than you were under the banks, you're just beholden to a different master - the people who maintain the cryptocurrency networks. Exactly. Bitcoin just like fiat is backed by trust in those who…
>BTC could go to $0 tomorrow. Suppose the US Gov. makes everyone legally declare their BTC assets as assets and they are subject to taxation etc.. BTC is ALREADY taxed as an asset. If you buy $4 worth of BTC, price goes…
>Or illegal medicine/performance enhancing drugs/... Like overpriced medication that is unaffordable in the US.
This is low level trolling. Visa and Mastercard are not decentralized. Centralization is an easy way to scale. They are not apples and oranges. Also, Bitcoin settles transactions in 30 days, merchants get their funds in…
Bitcoin is the conservative approach to any change that decreases the keystone of decentralization that allows it to survive. The market is deciding what it values.
Terrible analogy. To be more accurate, you would copy america and change the policies you want. Then the market decides on what they believe in and want.
Ignore exchanges where there is 0 trading fees like the big one in Korea.
How does the government seize bitcoins when you have memorized your private key? They cannot read your mind. Here is more information about the topic :https://en.bitcoin.it/wiki/Brainwallet
They have done a lot. However they were pushing too hard for the NY Segwit 2X agreement and complaining loudly of high fees. They still have not upgraded their software to support segwit addresses but still had the time…
If you are certain it will collapse you can make a lot of money shorting it. If you are 100% sure, there is no downside.
What do you see as the core value bitcoin provides? Outside of wild speculation?
This graphic is useful but misses the context of past failed hardforks/attacks such as BitcoinXT and BitcoinUnlimited.
Longest PoW being the main chain was not described in the context of contentious changes to consensus code. By that definition, a 51% attack that censors transactions would be the longest PoW and be defined as…
There is no doubt the pets.com equivalent of ICO startups that won't deliver anything of value. On the other hand, the googles, and Amazons of the crypto world are being built today and if they provide enough value they…
Bitcoin as a currency doesn't solve any problems for people in developed countries. For the 5 billion plus who are underbanked due to lack of access or government red tape, it solves a big problem. Maybe you live in a…