Topic: I wanted to know!!!! - page 2. (Read 2459 times)
Privacy. I use Bitcoin because I want privacy. Although Bitcoin transaction can be tracked but it require lots of work. And if I use a mixer... it will be almost impossible to track who I receive my Bitcoin from.
Bitcoin is useful for me because it allows me to easily accept payments from all over the world with essentially no fee. I tried selling my stuff on ebay, but there i got ebay taking fees (listing fees, item sold fee, ChargeBacks!) and paypal taking fees, and often got robbed on the USD <> CAD conversion rate. with bitcoin it just feels much more Direct. also i like that it's actually possible to accept small payments, I sell a 30 pack of these General purpose bitcoin business cards to hand out for basically the cost of postage (~1.5$) accepting a buck fifty from someone in Australia is not possible without bitcoin.
There are only advantages and no disadvantages. It's the perfect money and cute single young virgin college girls will throw themselves at you if you use it to pay for everything in your life. Now get out there and buy some bitcoins so mine are worth more.
advantages
1. no need to waste money making business plans just to convince a bank to give you a business account, and then pay fee's to add electronic payment systems... bitcoin can work with just a QR code on a piece of paper.. no need for banks or payment service providers
1. no need to waste money making business plans just to convince a bank to give you a business account, and then pay fee's to add electronic payment systems... bitcoin can work with just a QR code on a piece of paper.. no need for banks or payment service providers
Actually you really need money to convert it to bitcoin if you want to make payment using bitcoin
2. send funds across into any country without delay or fee's
You need to wait for the confirmation so I guess that is the delay and there is a fee per transaction but it is too low so it is not without payment
many more advantages, but i got bored of typing
If there are still more advantages there must be a lot of disadvantages too, there are not all smooth things for bitcoin
i think there is three disadvantages of btc:
first:payment takes too much time
second:there is a %51 attack posibility
third:proof of work system because it is make you waste a lot of energy
fourth(not a disadvantage just choice):anonimity
other cryptocurrencies born to solve this issues if you paying attention to anonimity then go for monero,dash,cloak,crave,shadowcash
also dash is have instantx feature thats making the transactions so so fast at this time i have no word for others.
Those who have 51% of the capacity will never do bad for Bitcoin. It is not beneficial to him. Then I almost agree with you. first:payment takes too much time
second:there is a %51 attack posibility
third:proof of work system because it is make you waste a lot of energy
fourth(not a disadvantage just choice):anonimity
other cryptocurrencies born to solve this issues if you paying attention to anonimity then go for monero,dash,cloak,crave,shadowcash
also dash is have instantx feature thats making the transactions so so fast at this time i have no word for others.
i think there is three disadvantages of btc:
first:payment takes too much time
second:there is a %51 attack posibility
third:proof of work system because it is make you waste a lot of energy
fourth(not a disadvantage just choice):anonimity
other cryptocurrencies born to solve this issues if you paying attention to anonimity then go for monero,dash,cloak,crave,shadowcash
also dash is have instantx feature thats making the transactions so so fast at this time i have no word for others.
first:payment takes too much time
second:there is a %51 attack posibility
third:proof of work system because it is make you waste a lot of energy
fourth(not a disadvantage just choice):anonimity
other cryptocurrencies born to solve this issues if you paying attention to anonimity then go for monero,dash,cloak,crave,shadowcash
also dash is have instantx feature thats making the transactions so so fast at this time i have no word for others.
Thanks guys slowly i am learning some new facts and will the transaction wait time will increase slowly?
Daily number of transactions is increased since 2011, you can check this out: http://www.coindesk.com/data/bitcoin-daily-transactions/
~iki
Yeah both points you highlighted are really good and i completely forgot about localbitcoins.com this way you can hide the identity but again this is an alternative not a solution, what you say?
converting fiat to bitcoins to buy things. or converting bitcoins to fiat to buy things is not what bitcoins are all about.. what you are taking about is the gateway services, not bitcoin itself..
bitcoin can be compared to bank notes. when paid in bank notes and buying things with bank notes, businesses do not need or care about identity. yet if you went to an exchange service to swap bank notes of $ for euro's then things get complicated where if you request more then $1000 the exchange starts to get interested in who you are.
i have an income that is fully bitcoin (no conversion) i pay my bills in bitcoin so i never need to hand over my details. and thats what bitcoin is about. not the exchanges
Yeah anonymity is one of the factor making it popular but this is not popular in all the countries as of now so if you have bitcoins then you need to convert them to fiat.
Yeah both points you highlighted are really good and i completely forgot about localbitcoins.com this way you can hide the identity but again this is an alternative not a solution, what you say?
converting fiat to bitcoins to buy things. or converting bitcoins to fiat to buy things is not what bitcoins are all about.. what you are taking about is the gateway services, not bitcoin itself..
bitcoin can be compared to bank notes. when paid in bank notes and buying things with bank notes, businesses do not need or care about identity. yet if you went to an exchange service to swap bank notes of $ for euro's then things get complicated where if you request more then $1000 the exchange starts to get interested in who you are.
i have an income that is fully bitcoin (no conversion) i pay my bills in bitcoin so i never need to hand over my details. and thats what bitcoin is about. not the exchanges
So the only advantage of using bitcoins is the anonymity factor? Was that the only reason to have this crypto currency?
For me it's the fact that the currency can be converted into fiat and trading in it earns me a profit if the price increases. I don't bother much about the anonymity.
Yeah both points you highlighted are really good and i completely forgot about localbitcoins.com this way you can hide the identity but again this is an alternative not a solution, what you say?
converting fiat to bitcoins to buy things. or converting bitcoins to fiat to buy things is not what bitcoins are all about.. what you are taking about is the gateway services, not bitcoin itself..
bitcoin can be compared to bank notes. when paid in bank notes and buying things with bank notes, businesses do not need or care about identity. yet if you went to an exchange service to swap bank notes of $ for euro's then things get complicated where if you request more then $1000 the exchange starts to get interested in who you are.
i have an income that is fully bitcoin (no conversion) i pay my bills in bitcoin so i never need to hand over my details. and thats what bitcoin is about. not the exchanges
Good Video and fine explanation, We need to learn a lot about bitcoins deeply, really useful comparing to other currencies, recently I came to understand that slowly people get to understand the bitcoin, hopefully if the bitcoin get introduced in Hyper markets around the world, it would be awesome to have the secure transactions with them, I need aviation related should also deal with bitcoin.
Thanks guys slowly i am learning some new facts and will the transaction wait time will increase slowly?
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Nope. As far as I can remember, most wallet services only require 6 confirmations from the network before the balance appeared in the wallet. That will only take 30 minutes usually (in opposition to several days before you can flag a transaction complete in bank transfers). In case of importing wallets, it only takes several minutes before the process is done. I don't see how you consider that as long.
30 minutes - too long for me. Sometimes you need to quickly convert from one Bitcoin exchange for another. For this, I and many others are using other coins. This is for me the main drawback.
Very often it is necessary to wait more than 30 minutes (~60min). Although I pay a good commission.
Bitcoins can be called disadvantages.
Constantly increasing the size blockchain.
Very long transfers between wallets.
It is necessary to wait 6 evidence, and it is long!
Many believe that the end will come soon Bitcoins.
Constantly increasing the size blockchain.
Very long transfers between wallets.
It is necessary to wait 6 evidence, and it is long!
Many believe that the end will come soon Bitcoins.
Quote
Constantly increasing the size blockchain.
This is necessary as the need for data space will arise as soon as the network sees increasing transactions over time.
Quote
Very long transfers between wallets.
Nope. As far as I can remember, most wallet services only require 6 confirmations from the network before the balance appeared in the wallet. That will only take 30 minutes usually (in opposition to several days before you can flag a transaction complete in bank transfers). In case of importing wallets, it only takes several minutes before the process is done. I don't see how you consider that as long.
Quote
It is necessary to wait 6 evidence, and it is long!
Necessary? Yes, so as to prevent double-spending. However, there are some clients who don't flag a transaction valid before it reach 120 blocks deep. See https://en.bitcoin.it/wiki/Confirmation for more information.
Quote
Many believe that the end will come soon Bitcoins.
This are only some of the factors that helped bitcoin see its way to where it is right now. Without the necessary safety precautions and measures that is being implemented in the coin, I don't see bitcoin going this far.
Bitcoins can be called disadvantages.
Constantly increasing the size blockchain.
Very long transfers between wallets.
It is necessary to wait 6 evidence, and it is long!
Many believe that the end will come soon Bitcoins.
Constantly increasing the size blockchain.
Very long transfers between wallets.
It is necessary to wait 6 evidence, and it is long!
Many believe that the end will come soon Bitcoins.
the bitcoin is one of kind digital currency that has no likeness,of course there is nothing perfect bitcoins does have it"s flaws
Bitcoin Advantages
(Freedom in Payment) :-With Bitcoin it is very possible to be able to send and get money anywhere in the world at any given time.
-You don’t have to worry about crossing borders, rescheduling for bank holidays, or any other limitations one might think will occur when transferring money
-You are in control of your money with Bitcoin. There is no central authority figure in the Bitcoin network.
(Control and Security);Allowing users to be in control of their transactions help keep Bitcoin safe for the network
(Very Low Fees);Currently there are either no fees, or very low fees within Bitcoin payments
Bitcoin Advantages
(Freedom in Payment) :-With Bitcoin it is very possible to be able to send and get money anywhere in the world at any given time.
-You don’t have to worry about crossing borders, rescheduling for bank holidays, or any other limitations one might think will occur when transferring money
-You are in control of your money with Bitcoin. There is no central authority figure in the Bitcoin network.
(Control and Security);Allowing users to be in control of their transactions help keep Bitcoin safe for the network
(Very Low Fees);Currently there are either no fees, or very low fees within Bitcoin payments
i dont understand bitcoin really are because many defintion , our opinion but in my opinion bitcoin really help for people who lost their job or no job for people who's had financial problem or some people poor it can be way of gaining knowledge about what topic they want to know or help some people who had problem to help ,
this is what bitcoin really is not, a instrument to help the poor... it was not born for giving a quick buck, it was born for an alternative to fiat money and they centralized system,nothing else, yet people are still using for acquiring more fiat
people should do the opposite, convert all fiat to bitcoin
i dont understand bitcoin really are because many defintion , our opinion but in my opinion bitcoin really help for people who lost their job or no job for people who's had financial problem or some people poor it can be way of gaining knowledge about what topic they want to know or help some people who had problem to help ,
this is what bitcoin really is not, a instrument to help the poor... it was not born for giving a quick buck, it was born for an alternative to fiat money and they centralized system,nothing else, yet people are still using for acquiring more fiat
people should do the opposite, convert all fiat to bitcoin
i dont understand bitcoin really are because many defintion , our opinion but in my opinion bitcoin really help for people who lost their job or no job for people who's had financial problem or some people poor it can be way of gaining knowledge about what topic they want to know or help some people who had problem to help ,
haha...thanks for your time by typing this post, i agree these are some of the best advantages bitcoin has but don't you think most of these can be covered by other e-currencies also you lose identity when convert botcoins to fiat.
There are ways to mix bitcoins to clear links to activity. It's also possible to convert bitcoins to fiat with no identity using P2P exchanges like LocalBitcoins.com.
Yeah both points you highlighted are really good and i completely forgot about localbitcoins.com this way you can hide the identity but again this is an alternative not a solution, what you say?
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