Messages

226

Crypto Discussion / Re: The common currency for the whole world.

« on: April 03, 2019, 08:42:14 AM »

Seems like bitcoin was designed for those purposes but something went wrong...

Bitcoin was designed to keep your economic freedom. Try to think a tiny economy of 10 people. You have to print money, to let them do transactions. How much must you print? It is a very difficult problem. If people do not produce very much, a small amount of money, is needed. If they produce more, more money is needed. Everything can be abused, so the money printing thing got abused, so we have those problems. Bitcoin, has a limited amount, that will be generated, so in the long run, it's value will increase. It cannot be used, as the only currency, because, changes, in production, will change Bitcoin's value. Government money, tries, to keep this stable, by printing more money. I think, that the economies, of the planet, should be united, to have Bitcoin as the only currency.

227

Trading / Re: The current trend on Bitcoin price

« on: April 03, 2019, 03:52:16 AM »

Bitcoin have improved our lives greatly with the fast and secured network it provide for us and the platform bitcoin created for is to have a good and stress free financial live this is nothing to compare with in the entire financial system of the world.

Now, we see much higher prices, I don't like the sharp increase. This might continue for several days, and then, we'll see a correction. The correction's depth will show, the market's direction.

228

Crypto Discussion / Re: Biggest US Exchange Will Pay Institutional Investors Interest on ‘Staked’ Crypto

« on: April 02, 2019, 10:26:02 AM »

I like this. Another way to increase cryptocurrency awareness. We will see more coming. This is a sign, that a price increase is expected.

229

Crypto Discussion / Re: Do you like Music?

« on: April 01, 2019, 03:49:23 PM »

I think that it will be a great platform, like soundcloud and jamendo. Add a token, for transactions, and there you are! I think, that it is a good project.

230

Crypto Discussion / Re: Will be Bitcoin centralized?

« on: April 01, 2019, 03:44:54 PM »

It’s can’t because there’s no way to change from decentralized to centralize at the moment, perhaps in the future when blockchain development more, there will be a way

They, only way, to centralize Bitcoin, is, to buy all the mining farms, in the world. But this will not happen, because the Bitcoin software is available, for anyone on the internet, so new miners will come into play.

231

Crypto Discussion / Re: The common currency for the whole world.

« on: March 30, 2019, 10:28:11 AM »

At present, each country has its own currency. Can the future focus on a single common currency?

I don't think so. Currency value, reflects the value, of a community. If there is growth, currency value, will be higher, otherwise the value will be lower. A single common currency, cannot reflect the financial value, created by different countries, in the world. If you look at cryptocurrency, there are a lot of different coins, that are used for different reasons. The single currency idea, exists, because, we are used on a single government, regulated currency. That's why we have financial problems around the world, because it does not work. Cryptocurrencies, were invented to solve this. Let's see if they will, in the long run.

232

Trading / Re: The current trend on Bitcoin price

« on: March 30, 2019, 10:19:10 AM »

The current trend is a slow up trend. We do not need a rapid change of course, as it is followed by a rapid fall. The world does not need it. This is only my opinion

Yes, this is the best trend. Slowly and steadily, the price will rise. Because it is slow, most investors, will not pay attention. When it reaches, a high price, the next bull run will start. Be ready, and patient to get the profits.

233

Crypto Discussion / Re: Will be Bitcoin centralized?

« on: March 30, 2019, 04:28:39 AM »

Bitcoin was designed to be decentralized. Although, in practice, big mining farms, are a form of centralization. That's why proof of stake and other consensus find their way.

234

Crypto Discussion / Re: Bitcoin Miner Says Solar Energy Cuts Mining Costs By 75%

« on: March 28, 2019, 01:23:01 PM »

Yes it depends on everyone who has a lot of money to do a miner.

Sometimes, it is more profitable to have a low hash rate miner, with minimal expenses (cost of power), than big rigs, with high hash rate, and high electricity bills.

235

Crypto Discussion / Re: Is crypto bubble bursting finally?

« on: March 28, 2019, 01:19:50 PM »

I see no bubble. Blockchain and cryptocurrencies, are new technologies, that will take a long time, to mature. Till then, the people that ask for those services, will increase over time. The demand will keep growing, in the long run. After maturing, then we can start thinking about bubbles.

236

Crypto Discussion / Re: Bitcoin Miner Says Solar Energy Cuts Mining Costs By 75%

« on: March 27, 2019, 09:08:53 AM »

The problem with panels, is the batteries needed to store the energy for the night.  You need a bug investment, to have high power 24/7. I would get into Bitcoin mining, only if I had a creek with sufficient flow, to use hydro power. This works, 24/7 with low wattage generators.

237

Crypto Discussion / Re: Will bitcoin ever stop depending on fiat currency?

« on: March 27, 2019, 09:03:17 AM »

There are some services that can be paid with Bitcoin. I have used them for years. I just haven't managed yet, to get paid, in Bitcoin. If I manage that, fiat will be irrelevant, as I get my payment in Bitcoin, and spend it directly, without using fiat.

238

Crypto Discussion / Re: How safe are desktop wallets ?

« on: March 26, 2019, 01:00:44 PM »

Well i dont say myself a expert but as much as i have observed them, I think they are less safe if compare them with Hardware and other wallets.

Yes, they are less safe, compared to Hardware wallets, and Paper wallets. They are safer compared to online wallets (web services).

239

Crypto Discussion / Re: Will you invest in ripple ?

« on: March 26, 2019, 12:53:07 PM »

I think it is a good and potential coin for investment. Yes I invest in ripple. I think it gives profit in future.

Yes, I have already invested. It's one of the coins, that banks will use for transaction settlement, between them.