Topic: A big problem in bitcoin ??? - page 6. (Read 7860 times)
if a government decides Bitcoin is bad because reasons,keeping your energy footprint and bandwidth consumption low makes it easier to hide the existence of a fullnode.The local power company is usually a government-controlled company reporting directly to the government.
I am not sure that this section is right to post my thread .
my question is :
since it was already fixed by the bitcoin owner network that 21 millions bitcoin can exist in the whole internet
But now I heard that now the mining of the bitcoin will be unlimited , I mean unlimited bitcoin will generate by the bitcoin network .
If this is real news then the value of the bitcoin will go down speedly
It is because the supply is unlimited so it is simple to say that bitcoin price will no more increase rapidly ., so no more profit
what's your thought guys
my question is :
since it was already fixed by the bitcoin owner network that 21 millions bitcoin can exist in the whole internet
But now I heard that now the mining of the bitcoin will be unlimited , I mean unlimited bitcoin will generate by the bitcoin network .
If this is real news then the value of the bitcoin will go down speedly
It is because the supply is unlimited so it is simple to say that bitcoin price will no more increase rapidly ., so no more profit
what's your thought guys
Bitcoin Unlimited does not increase the number of coins.
Under this new client, there will only be 21 million coins. The reason why it is
called unlimited is because it allows the potential to create a block that has more
transactions in it. Current protocol has a limit of 1MB. This new client can be 1MB
to unlimited, if the network participants wish it to be so. Bitcoin Unlimited does not
increase coin supply.
Also, this thread was posted in the wrong section. Please move this to "Bitcoin
Discussion" or "Beginner Section". On the bottom left of your thread, there is move
button where you can move your thread to those sections. This is the Legal Section
and your question does not pose any legal aspect.
...
What I am saying is, Bitcoin (Core) now has 21 million total coins allowed to be mined.
"Bitcoin Unlimited" if becomes the main implementation will maintain the 21 million total
coins allowed to be mined.
If both Bitcoin (Core) and Bitcoin Unlimited exists at the same time, there will be two chains each
with their own 21 million coins, BUT it is expected that after a short amount of time, only one of
the two chains will continue to exists. In this case, there will not be 42 million coins in the entire
economy, but back to the 21 million coins in the entire economy.
So, the supply of the bitcoin remaining in the market according to demand will change temporarily
UNTIL this situation is finally resolved and only one of the two bitcoins wins. If both exist at the
same time, the prices and demands will go up and down depending on different information.
The bitcoins will be two different ones (BTC & BTU) temporarily. When this happens, no one really
knows what will or will not happen with the value and supply in the markets. Some people are making
bets on what will happen, because there are different opinions and no one really knows.
I hope this answers what you were asking.
I just learnt something new from this. I never knew that there's a Bitcoin Unlimited. I only know of Bitcoin (Core) and the other forks. I guess I need to read more on this to understand this technology better. Thank you for taking your time to explain this.
I believe that bitcoin has many problems as well as benefits. For example, when the price rises, you can see people selling their bitcoins to gain profits. Therefore, the transaction fees also rise, not to mention that you can wait 2 weeks or one to get a confirmed transactions.
It is quite troublesome for me to pay high fees when I do not need much money. Another problem is its stability. As a matter of fact, bitcoin has never been stable. It always increases and decreases and you cannot predict its next movement. It is playing monopoly with us.
It is quite troublesome for me to pay high fees when I do not need much money. Another problem is its stability. As a matter of fact, bitcoin has never been stable. It always increases and decreases and you cannot predict its next movement. It is playing monopoly with us.
The problem is that the big players run the market, if it was not - it would be more interesting
A big problem in the bitcoin market I think is the market control of people who are holding large amounts of bitcoin. When they own a large amount of bitcoin and they suddenly sell a large amount of their bitcoin, this will greatly affect the volatility of the market.
The bitcoin running number is limited,it will not keep to publish all the time,it is sure for them to control the bitcoin price by many ways.
In addition,that is impossible the price will drop down so fast it is unreasonable.
In addition,that is impossible the price will drop down so fast it is unreasonable.
Unfortunately, there are some problems in Bitcoin, and this has negatively affected for users of this currency. As well, the biggest problem is the governments refused to recognize Bitcoin, as a dangerous and illegal currency. Although this decision is incorrect.
On the other hand, most users are afraid of this rejection, so they used this currency in a secret way. Moreover, I think that this rejection is temporary, because this currency is in continuous development and the countries are facing an economic crisis, so it is certain that after a period of time they will resort to recognition of Bitcoin.
Thats not a big problem for bitcoin,If they don't want to accept or even regulate it this is a Goverment's problem,because they will lose opportunities to develop technologies in their country and not only technologies,its providing other forms of social life and this will be very helpful for infrastructure and aducation too.So I don't understand why d people afraid of govermant because of bans,if they want to ban cryptocurrencies this ban may be effective only in one situation,if there is common approach but its impossible.so the problems which we see may not as serious as it seems... On the other hand, most users are afraid of this rejection, so they used this currency in a secret way. Moreover, I think that this rejection is temporary, because this currency is in continuous development and the countries are facing an economic crisis, so it is certain that after a period of time they will resort to recognition of Bitcoin.
Unfortunately, there are some problems in Bitcoin, and this has negatively affected for users of this currency. As well, the biggest problem is the governments refused to recognize Bitcoin, as a dangerous and illegal currency. Although this decision is incorrect.
On the other hand, most users are afraid of this rejection, so they used this currency in a secret way. Moreover, I think that this rejection is temporary, because this currency is in continuous development and the countries are facing an economic crisis, so it is certain that after a period of time they will resort to recognition of Bitcoin.
On the other hand, most users are afraid of this rejection, so they used this currency in a secret way. Moreover, I think that this rejection is temporary, because this currency is in continuous development and the countries are facing an economic crisis, so it is certain that after a period of time they will resort to recognition of Bitcoin.
On of the big problem in bitcoin is that the battling between being legal in the eyes of the law since their are a lot of people specially those narrow minded and selfish people who wants to ban bitcoin.
In my longer years here jn bitcoins there is no any circumstances that the company gives me problems or any delays at all.
In fact they provide solutions in your personal problems and helps you to become more wealthy in future. Bitcoins give you a better life wherein you are financially stable jn future.
In fact they provide solutions in your personal problems and helps you to become more wealthy in future. Bitcoins give you a better life wherein you are financially stable jn future.
I agree the bitcoin inventor really gives a lot of opportunities so that everyone in the world can enrich themselves and not rely on his government. but as good citizens we have to pay taxes. through earnings from bitcoin we set up a real business when already have our income pay taxes.
In my longer years here jn bitcoins there is no any circumstances that the company gives me problems or any delays at all.
In fact they provide solutions in your personal problems and helps you to become more wealthy in future. Bitcoins give you a better life wherein you are financially stable jn future.
In fact they provide solutions in your personal problems and helps you to become more wealthy in future. Bitcoins give you a better life wherein you are financially stable jn future.
There are said a little problem or a big problem, honestly.. for me personally i don't really feel there's a big problem. I just thought & still rate that bitcoin as an alternative way to earn money or to get profit without a big problem.
And I'm sure over time, all the things that are said a small problem or a big problem in bitcoin, this would be get reduced or get better on bitcoin itself.
Even maybe the all goverments of each countries would be rate+regulating.. bitcoin is a special thing and worth to be legalized as a alternative currency considering of its advantages.
And I'm sure over time, all the things that are said a small problem or a big problem in bitcoin, this would be get reduced or get better on bitcoin itself.
Even maybe the all goverments of each countries would be rate+regulating.. bitcoin is a special thing and worth to be legalized as a alternative currency considering of its advantages.
I am curious about the amount of lost bitcoins that are left in the forgotten wallets. You guys have an idea about the amount of lost or forgotten bitcoins total? I think there is no way to learn the real lost bitcoin amount
That's correct. There are estimates but those are based on the activity. If there were no transfers in or out of an address for years it's usually considered lost. IMO it's a wrong approach because many people hold their cryptos for over 3 years and we simply can't assume that their money will never be moved. On the other hand coins that were mined and never used in a transaction since 2010 or 2011 are most likely lost, like those from the stories of people who mined some coins and got their whole drives damaged or thrown away.
In my many years with bitcoin, I do not encounter or experience any problem with their services.
You know what, the best thing with bitcoins is they not provide problems they provide solutions in all circumstances which will make your life more comfortable and convenient as well.
They help everyone to live in a life without worrying anything.
I don't know on what you are saying but bitcoin isn't a service or do someone who manage since you do make use of the word "they". Bitcoin is just a digital currency which do acts the same as local fiat but just do work online.Its a money since it do have value which means it can really give the chance on making our life convenient in terms of financial stability or freedom but would still entirely depending on how we do accumulate or earn it. Havent you experience the hassle of tx and confirmation times nowadays? You know what, the best thing with bitcoins is they not provide problems they provide solutions in all circumstances which will make your life more comfortable and convenient as well.
They help everyone to live in a life without worrying anything.
the big problem in bitcoin is the conversion fee of it and the process of it in the blokchain , because many users encounter a traffic in transferring bitcoin to their Wallet, for me that is the big problem of bitcoin.
I am curious about the amount of lost bitcoins that are left in the forgotten wallets. You guys have an idea about the amount of lost or forgotten bitcoins total? I think there is no way to learn the real lost bitcoin amount
Here is an outdated list of lost bitcoin, heists, thefts, hacks and scams: https://bitcointalksearch.org/topic/list-of-major-bitcoin-heists-thefts-hacks-scams-and-losses-576337
In my many years with bitcoin, I do not encounter or experience any problem with their services.
You know what, the best thing with bitcoins is they not provide problems they provide solutions in all circumstances which will make your life more comfortable and convenient as well.
They help everyone to live in a life without worrying anything.
You know what, the best thing with bitcoins is they not provide problems they provide solutions in all circumstances which will make your life more comfortable and convenient as well.
They help everyone to live in a life without worrying anything.
I am curious about the amount of lost bitcoins that are left in the forgotten wallets. You guys have an idea about the amount of lost or forgotten bitcoins total? I think there is no way to learn the real lost bitcoin amount
As far as I can remember, the lost Bitcoins are quite high, about 3.5%. This is actually worrisome, I think many Bitcoins are missing due to user errors. Bitcoins that are sent to the wrong adrese do not enter this group.
In m almost a year experience with bitcoin there is no such thing that leads to a big problem.
In fact the company and management of bitcoin provide solution in our all problems. They help us to have options on how to earn money which will serves as a step to become successful in future.
In fact the company and management of bitcoin provide solution in our all problems. They help us to have options on how to earn money which will serves as a step to become successful in future.
I think the big problem of bitcoin now is the transaction itself its too expensive and not required for micropayments and the transaction in the blockchain is very slow it takes hours to get that or sometimes 2 days or more..
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