Why Bitcoin Is The Sebastian Shaw Of Currencies
8 years ago in #bitcoin by tracemayer (64)
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Crypto is the future as instant payments gain traction in the public space, people will very fast catch on that paying ridiculous fees will become a thing of the past and move very quickly into buying goods and services with Bitcoin for example, as is already happening albeit on a small scale. Mass adoption will speed up as this current financial ponzi scheme draws to its end.
Is Steemit going to be the gateway crypto-currency as @dollarvigilante has talked about?
Everyone has always said that when Bitcoin becomes so easy that grandma can use it, it'll go mainstream. But the problem is securing Bitcoin, which the average person cannot do all that well, unfortunately. :/
That being said, Steemit doesn't require much knowledge of crypto-currency to gain access to it. That means, even grandma can make money on it. So yes, it'll be the gateway crypto. I just hope that people diversify some of their funds into bitcoin. :)
The solution to make it simple for users to keep their crypto-coins safe is not to make them rely on a central website like steemit.com
:·>(although the steemit.com webserver does not store any private keys/passwords, but rather in the user's html5 local storage, thus being almost a full local app, there is no guarantee that this will always be like that in the future. steemit.com may change this behavior any time for whatever reason, and it would be hard to notice for the user. you have to trust them. trust that bitcoin was originally designed to eliminate.)
Security for the mainstream is here. It's just not evenly distributed yet ;) #Airbitz
Yes i agree, also there is a lot of other sites that are popping up which are Crypto based so i think its only a matter of time. Facebook, Twitter etc will have to change the way they treat creators of content in the near future otherwise they will be left behind or disappear totally IMO.
Trace has posted on Steemit 4 days in a row -- it's confirmed, STEEMIT IS THE F'ING FUTURE.
Definately a very fun experiment!
Trace. I have been interested in bitcoin since around 2012, and i have followed you on and off since 2013 i think. I like your deeper and more philosophical approach to bitcoin. That said, i like everything about bitcoin. I mean, as an anarchist, what is there not to like. If i should choose some aspects, it is the outlook of ending the state and thereby ending war. States killed 250 mill of their own citizens in the 20th century and equally many in wars. This needs to end. From a social perspective i like the outlook of micropayments to anywhere in the world. This could be helping small businesses in poor countries getting going, while they have no chance now. Ending poverty for good :-)
Ending all poverty and war for good. For real. That would be cool. If its going to work I think we need a way to use communication networks for building high level intelligence.
I find it interesting to see the attempts of regulation of Bitcoin through taxation. Remember when everyone was mining Bitcoin and then countries came in with complicated tax laws to regulate it?
And then the hashrate exploded to the moon? :)
Nice article.
My favourite aspect of Bitcoin/crypto, is that I am my own bank.
I also like the fact that I can effectively live 'outside' of the banking world.
In other words, being able to stand free and independent in economic matters!
"Bitcoin, with a pitbull like grip, has attached itself to Leviathan's carotid artery. "
I loved this one!
Good read
Bitcoin be protected by super man.
Was mining until, like you said the hash-rate went into lunar orbit and it wasn't worth keeping my hardware plugged in! That's what I like about mining (and soon witnessing) for this system. Delegated Proof-of-Stake is quite innovative in how it keeps mining and platform support a decentralized individualized system.
Indeed the opportunities are exponential!
Countries have been "hoarding gold" off and on for decades... it doesn't mean there is an impending collapse of the financial system
Thank you @tracemayer. In you opinion, what percentage of one's net worth should be invested in Bitcoin, including property, shares and bonds?
Oh, that is really just a completely fact-based and according to one's risk tolerance. I don't think there is a one sized fits all particularly since no-one cares more about your health or wealth than you do. So, everyone should just put on their big boy pants in that regard.
Yea I must admit im still a little confused about bitcoin and Ive watched several videos on you-tube and what not.
"Germany can sense that the are going to intensify." - minor edited required, looks like a missing word.
При помощи Bitcoin, наверное всё рано или поздно упорядочится: перестанут предоставляться те или иные технологии, медицинские методы, система образования и.т.д.- все те, которые экономически выгодны а не те, котрые действительно необходимы!
That is a clever analogy.