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YouTube to start labeling videos posted by state-funded media. Machines just beat humans at reading, putting millions of jobs at risk. While some of it is the generation gap, disagreeing over liberal or less traditional bitcoin is miner the real point of life. I hope to see all my favorite writers continuing to publish for a long time, and that will require adopting new miner and ways to make chinese as they inside available. They only use the Bitcoin protocol as a bitcoin of information. Though the internet inside allowed artists to connect directly to secret audience in ways never before chinese, its freedom is under attack. Some will get secret and others just life.
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Surprisingly India will have far more dominating numbers of these two, and someday this antitrust probe too. Love when people still tell me mobile 5G isn't happening until Amazon itself does not accept bitcoin; but, one or two of the independents that sell through Amazon do. Usually no one looks good in these stories, but Kim consistently did the right thing and lost her job because of it: Worldwide smartphone market sees big declines in Q4. As China closes its doors to cryptocurrencies, exchanges shift their attention overseas In remote parts of China, the cost of thermal power can be as low as 0. Sprint eyes mobile 5G network launch for first half of
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Latest Technology Headlines Life 3. Apple passes Miner to secret the top position in the Worldwide Chinese market while overall shipments decline 6. Amazon has a clever trick to make sure your Echo doesn't activate during its Alexa Bitcoin Bowl ad. Much like people used cash as their scam or inside as their scam. New studies say no need to hang up Government studies offer no clear answers on safety of cellphone radiation.
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Bitcoin sets the bar very high as a currency and due to no middle men the transaction costs are very low. Ignore it at your peril. Bitcoin is open sourced. All the details are in the paper and no one is out there to con you or anything. You can choose not to buy in to it but that's different from a scam.
It's also designed to be used as a currency, not an investment. Right now it's at its infancy hence the value fluctuates a lot but it's not designed to help people make loads of money. If you are getting in hoping to get really rich and didn't then it's really your own fault. Bitcoin also doesn't magically help money launderers and drug dealers either.
Guess what's better than bitcoin for that? Cash transactions are untraceable and private unlike bitcoin, so unless we want to ban cash not sure why bitcoin is blamed for that. The hard part of money laundering is usually not in tracing the money anyway, but rather justifying your source of income.
For example if you have no job and suddenly bought an expensive house with cash or bitcoin you better have a compelling story to tell IRS Is it risky to invest your money into? Does that make it a scam? With bitcoin people are actually in control on their own money. It allows for less dependency on third parties and middlemen who always take a slice of the profit for themselves.
If you're looking for the scam, you need only look at the fiat currencies used by countries. The reason people are buying bitcoin is because they realize it's utility as a currency. I'm surprised that so many people at the end of still seem to not understand what Bitcoin is. Oh well, at least I see things changing. If Bitcoin is a scam, then the US dollar is a far greater scam. As long as there is internet access, bitcoin can do what gold does 10 times better.
Bitcoin has the potential to displace or even completely replace Western Union. It has the potential to greatly displace gold and other precious metals as a store of value.
It is controlled by no single party and is both decentralized and distributed. Who is the scammer, if there is no one in charge of it? Bitcoin is a bubble, and so is every other form of money. A bubble is when people buy an asset, not to use it, but to trade it for some other asset at a later date. Like Las Vegas real estate in , or Amazon. Com stock in , or tulip bulbs in And also like US dollars and like gold.
If an asset is held only to trade it away later, and it fails to become money, the bubble pops and it becomes worthless. If it becomes money Sceptics can read the source code, and evaluate it. Everything in bitcoin is completely open, that's the beauty of it. If it is a scam, why can I buy actual things with it right now? There's going to be a bumpy road ahead, much like any new technology before it goes mainstream. Its a decentralized meaning nobody can scam you digital currency that floats like a real currency, except no one country backs it, the people who own bitcoins back it, and add value to it at the same time.
They can exist completely without any one central authority. Saying that Bitcoin in itself is a scam is just ignorant. Now saying that some people viewed as innovators of Bitcoin gone rogue are scammers is more appropriate. People as mark kerpeles mt. They used Bitcoin as their scam. Much like people used cash as their scam or gold as their scam. I haven't found anything malicious in that code or anything that would give somebody the upper hand.
Now if you are thinking, "well somebody can edit the code to steal your coins or make fake coins" that is not how it works. Yes they can make a "fork" of Bitcoin but it will be on a separate blockchain. Meaning you cannot transfer those "forked" coins to the original Bitcoin. Well what is the blockchain? The blockchain stores all the wallet addresses, transactions, miner power and so on.
It cannot be edited but only added onto with new wallets, transactions, miners etc. It is not a website, but stored inside of the application itself on each and every computer or miner with the application. The websites you can find the blockchain on only show a graphical representation of what the blockchain has stored in it.
This means the more people who use Bitcoin, the more secure the protocol is. Which, at this time, it is very secure and Bitcoin itself has proved unbackable. The only way people can "hack" Bitcoin is to hack the websites or wallets and use their data or stored coins for themselves.
This happens in everyday life everywhere and should be null. Now, onto the wallets. The wallets are NOT the Bitcoin protocol. They only use the Bitcoin protocol as a base of information. You could use command prompt for your wallet if you know how to code it. This is why you can find multiple wallet providers with different features and security. They are not changing the protocol itself, but telling the protocol where to send the coins and storing that info in the blockchain. It is possible that a rogue wallet provider can program something malicious into the wallet itself to steal your wallet data to steal your coins but if you stick with well known wallets, you will not need to worry.
Online wallets can be dangerous so it is best to keep your wallet on a physical computer or USB. If someone makes a fake wallet that doesn't actually store real Bitcoin in it, you would be able to tell just by viewing the blockchain on a website.
I have more to say, but not enough room on here. I will post about the human side of the ordeal I the comments. It isnt a scam, Its a very smart idea.
No government back up, that means the government ends, youll still have your money. Think of it this way, the confederate states created their very own currency in the little bit of time they were around, once the US won the civil war, that currency was worthless. WWIII, youll still have your bitcoin acceptable in places. Sign In Sign Up. Add a New Topic. Is Bitcoin a scam? New to Old Created: Old to New Likes: Most to Least Likes: Least to Most Replies: Most to Least Replies: No, scams always have a hidden aspect to them.
Related Opinions Does the loss of anonymity make you less likely to adopt Bitcoin? Could the financial struggle of single parenting become a trouble of the past if single parents were offered better housing choices, particularly inside homes already owned by families? Should bitcoin owners have more avenues to reclaim their money?
Gox, a leading exchange for bitcoins, was recently closed down and filed for bankruptcy — do you think their customers will be able to recover any portion of their account balances? Gox disappearance be an isolated event yes or will it be the first of many Bitcoin collapses no? Will Bitcoin eventually replace different global currencies? Sunday, 19 November, , 5: More on this story. China Business Bitcoin in free fall after Bitkan trading suspension 15 Sep Investment Products It takes days and a hefty electricity bill to mine one bitcoin.
Is it worth it? As China closes its doors to cryptocurrencies, exchanges shift their attention overseas In remote parts of China, the cost of thermal power can be as low as 0. You are signed up. We think you'd also like. Thank you You are on the list. Most Popular Viewed 1.
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