Topic: Report plagiarism (copy/paste) here. Mods: please give temp or permban as needed - page 126. (Read 119141 times)

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Litecoin has some advantages over Bitcoin. It can grow when people will look beyond Bitcoins for cheaper transactions. It is also less political. Bitcoin is plagued with internal political wars over who control the future development of Bitcoin.

Answered Aug 9, 2017

Less political. Bitcoin is plagued with internal political wars over who control the future development of Bitcoin
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Litecoin has some advantages over Bitcoin. It will grow when people will look beyond Bitcoins for cheaper transactions.

Despite all the risks with participation in the ICO, it is from this type of investment that the fastest profit should be expected. In general, the crypt market is calm now, and therefore it is worthwhile from time to time to look for a worthwhile ICO for participation.

Despite all the risks with participation in the ICO, it is from this type of investment that the fastest profit should be expected. In general, the crypto currency market is calm now, and therefore it is worthwhile from time to time to look for a worthwhile ICO for participation.

I really believe in the sphere of crypto currency, it will make the world the best. We are waiting for a new world economy in a few years.

I really believe in the sphere of crypto currency, it will make the world the best. We are waiting for a new world economy in a few years.

I think that NEO can become a substitute for the Ethereum. As for me, the coin has a great potential for growth. But it all depends on how the Chinese government treats this.

I think that NEO can become a substitute for the Ethereum. As for me, the coin has a great potential for growth. But it all depends on how the Chinese government treats this.

For something to be defined as a currency, it need to meet the following criteria:

1. Fungibility
For a currency to be fungible,  its units has to be completely identical and interchangeable. For example, if you swap one US dollar for another, they are worth exactly the same amount of money.

The same applies to Bitcoin as an example, making it a fungible currency.

2. Shortage
For something to be considered a currency, is necessary a limited supply of it. Otherwise it would have no value.

Using gold as an example: If the amount of gold is limited ( and it is). There is a finite amount in the world, which gives it a value as a currency. Something similar happens with Bitcoin, only 21 million of them will ever be released, which gives Bitcoin its value. If anything, fiat currencies like the US dollar have the weakest amount of scarcity, because central banks can simply print more money when they see fit.

3. Durability
Because gold can withstand harsh weather conditions and there is no natural wear, we can rely on it to outlive us, which gives it its value. If we could not ensure whether our gold would still be around tomorrow, it wouldn’t have any value as a currency.
Cryptocurrencies are arguably the most durable currency of all. As long as the network they exist on survives, they’ll retain 100% of their value.

Given that the networks cryptocurrencies are stored on are decentralised, it would be almost impossible to destroy them, meaning their durability is essentially guaranteed.

4. Transferability
The purpose of a currency is to enable trade between people and the transfer of wealth from one entity to another.


5. Divisibility
Finally, a currency needs to be able to be broken down into smaller fractions or units.

One of the main reasons humanity moved away from trade and onto currencies is because it’s impossible to trade half a animal (especially if you want it to live!). However, if you only want half a dollar’s worth of something, you can just pay 50 cents for it. This is called divisibility. Cryptocurrencies are divisible too.

What is a currency?
For something to be considered a currency, it needs to fulfill these five criteria:

1. Fungibility
For a currency to be fungible, each of its units must be completely identical and interchangeable. For example, if you swap one US dollar for another, they’re worth exactly the same amount of money.

The same applies to Bitcoin, making it a fungible currency.

2. Scarcity
For something to be considered a currency, there needs to be a limited supply of it. Otherwise it wouldn’t have value.

For example, there is a finite amount of gold in the world, which gives it a value as a currency. Similarly, only 21 million bitcoins will ever be released, which gives Bitcoin its value. If anything, fiat currencies like the US dollar have the weakest amount of scarcity, because central banks can simply print more money when they see fit. The reason the US dollar still has value is because the Federal Reserve controls its scarcity at all times.

3. Durability
Gold would make a terrible currency if it dissolved in the rain.

Because it can withstand harsh weather conditions and centuries of wear and tear, we can rely on it to outlive us, which gives it its value. If we couldn’t be sure whether our gold would still be around tomorrow, it wouldn’t have any value as a currency. Cryptocurrencies are arguably the most durable currency of all. As long as the network they exist on survives, they’ll retain 100% of their value.

Given that the networks cryptocurrencies are stored on are decentralized, it would be almost impossible to destroy them, meaning their durability is essentially guaranteed.

4. Transferability
The purpose of a currency is to enable trade between people and the transfer of wealth from one entity to another.

For something to be considered a currency, you need to be able to easily transfer units of it to another person. Cryptocurrencies definitely tick this box, as they can be transferred from one individual to another regardless of geographic location (not to mention with relatively low transaction fees compared to fiat currencies).

5. Divisibility
Finally, a currency needs to be able to be broken down into smaller fractions or units.

One of the main reasons humanity moved away from trade and onto currencies is because it’s impossible to trade half a cow (especially if you want it to live!). However, if you only want half a dollar’s worth of something, you can just pay 50 cents for it. This is divisibility. Cryptocurrencies are divisible too. In fact, Bitcoin’s current lowest denomination is a satoshi, which is equivalent to 0.00000001 bitcoins.

Hello users of bitcointalk!

Today I found my self getting an invite to a "whales" discord. In this discord I found something very unique... MTV (Multiversum) going for 3 pennies on IDEX ...and a little under a penny on forkdelta. Apparently there was some inside trading going on, and I'm just going to reveal it Smiley.


https://~snip~


https://~snip~

https://~snip~


as you can see it is much cheaper on fork delta

there is no point to try & hide this from everyone. I believe everyone deserves a chance at making it in 2018, and 2019. Together as a community not only will we make crypto great again, but we'll all have happier, and better lifes.

I don't think the MTV will be on the fork delta exchange long before being bought out - so i'd be fast. We'll all make it together in this community one day at a time :-)

~Snip~

The truth is Adab Haraam exchange = scam because they are lying in order to seek investment via the ICO it is that simple.

pimps
prostitutes
porn actors
those currently behind bars in prison serving prison sentences
those that sell drugs/narcotics
those that manufacture, test and sell weapons
those that own publications online/print media cursing Muslims and those that have anti-Muslim agenda
those that own, transport or sells alcohol

This is a scam ICO and scam project. Any and all projects cannot be Halal or Shariah compliant if they are willing to take ICO funding from the above list and more.

~Snip~
The truth is Adab Haraam exchange = scam because they are lying in order to seek invest via the ICO it is that simple.

pimps
pimps
prostitutes
porn actors
those currently behind bars in prison serving prison sentences
those that sell drugs/narcotics
those that manufacture, test and sell weapons
those that own publications online/print media cursing Muslims and those that have anti-Muslim agenda
those that own, transport or sells alcohol
those that own breweries

This is a scam ICO and scam project. Any and all projects cannot be Halal or Shariah compliant if they are willing to take ICO funding from the above.

The truth is Adab Haraam exchange = scam because they are lying in order to seek investment via the ICO it is that simple.

pimps
prostitutes
porn actors
those currently behind bars in prison serving prison sentences
those that sell drugs/narcotics
those that manufacture, test and sell weapons
those that own publications online/print media cursing Muslims and those that have anti-Muslim agenda
those that own, transport or sells alcohol[/size]

This is a scam ICO and scam project. Any and all projects cannot be Halal or Shariah compliant if they are willing to take ICO funding from the above list and more.[/b][/color]

It's a permaban. This is no different than copying someone else's post and if you do this then you have absolutely no intention of contributing here and you're 100% only doing it to farm your account and/or bleed bounties whilst putting in no effort at all. It's scumbags like these that are destroying the forum. If they're too lazy to actually make posts then don't bother.

Just think about it  for a moment. If the Adab Team cannot check the "purity of the source of the money" that investors send, or if the Adab Team cannot check the "moral standing of each investor" then they can continue to create their exchange but they should remove the word "Shariah".

This project will not be successful long term because the team behind it are inexperienced and out of their depth otherwise they would never have lied about it being Shariah compliant.



Timur Turzhan - CEO, Founder

Rustam Turzhan - COO, co-founder

Maxat Salpyn - Deputy CEO of Islamic Finance

~Snip~

It's a permaban. This is no different than copying someone else's post and if you do this then you have absolutely no intention of contributing here and you're 100% only doing it to farm your account and/or bleed bounties whilst putting in no effort at all. It's scumbags like these that are destroying the forum. If they're too lazy to actually make posts then don't bother.

Abeer Mousa, the Kazakh team behind the project have not even stated which interpretation of Shariah they follow but they are happy to accept ICO funding from illegal, immoral and illicit sources including from prostitutes and pimps but what about you.....

Abeer, are you Muslim?

If yes which sect or denomination are you following?

Why do you believe this is Shariah based ICO if they are happy to accept ICO funding from pimps, prostitutes and limitless illegal, illicit and immoral earnings?

Hello Abeer Mousa

The Kazakh team behind the project have not even stated which interpretation of Shariah they follow but they are happy to accept ICO funding from illegal, immoral and illicit sources including from prostitutes and pimps but what about you.....

Is this project Islamic if the Kazakh team leaders are happy to accept ICO funding from pimps, prostitutes and limitless illegal, illicit and immoral earnings?

Hello Abeer Mousa

The Adab Haraam exchange claim they follow Shariah. Do you follow Shariah?

If you do which denomination do you follow?

As you are from Egypt you probably are Sunni but as this is a religious "project" can you clarify your position?

I know you are the community development manager from Egypt and have no say in the "business" or "project" but the trio Kazakh team members behind the project have not even stated which interpretation of Shariah they follow but they are happy to accept ICO funding from illegal, immoral and illicit sources including from prostitutes and pimps but what about you?

If a portion of your salary is connected to it being from funding by groups that might include pimps, prostitutes and limitless illegal, illicit and immoral earnings does that make you happy?

Does that mean you are following Shariah? If yes, which denomination does that apply to?

It's a permaban. This is no different than copying someone else's post and if you do this then you have absolutely no intention of contributing here and you're 100% only doing it to farm your account and/or bleed bounties whilst putting in no effort at all. It's scumbags like these that are destroying the forum. If they're too lazy to actually make posts then don't bother.

Posted:
Copy:
September 28, 2018, 05:23:37 PM
https://web.archive.org/web/20181018152925/https://bitcointalk.org/index.php?topic=5027618.msg46280052

Seems to the original:
September 25, 2018, 06:35:38 AM
https://web.archive.org/web/20181018153253/https://bitcointalk.org/index.php?topic=5027618.msg46137268

In any case, the growth of the Altcoins will be 100% the main thing is to catch this moment and do not forget the most important constant growth never happens sell coins at the right time and buy at the right time.

In any case, Altcoins growth will be 100%. The main thing is catch this moment, and do not forget the most important, constant growth never happens, sell coins at the right time and buy into the right one. Good luck to all.

In any case, Altcoin's growth will be 100%. The main thing is catch this moment, and do not forget the most important, constant growth never happens. Sell coins at the right time and buy into the right one. Good luck to all.

It should be becoming clear that bitcoin is not a currency, if it was a currency you would be able to price a 30 year home mortgage in it and the buyer would know what they were going to be paying and the seller would know what they were going to be getting. That is not and can not be the case with bitcoin or any of the other currently available digital assets commonly referred to by the misnomer "cryptocurrency", but why?

To explain why bitcoin is not a currency you first need to understand what currency is. Currency is the base UNIT in a system of measurement for value. The reason that bitcoin is not a currency is because it is not a unit of measure. Units of measure all have socially objective definitions and are a constant, bitcoin cannot be defined in objective terms and is therefore not capable of being a unit of measure and is therefore not currency. That reason alone would be enough to bar it from ever functioning as a currency, but we will look at a couple others as well.

The astute reader will be noting at this point that the world's reserve currency, the US dollar, is also suffering from this same condition. It has not been definable in objective terms for the last 46 years, ever since the closing of the gold window by Nixon and the end of the Bretton-woods agreement. The USD is no longer a currency, for the same reason that bitcoin is not a currency, It's not a unit of measure.

So, the question becomes why are we able to make long-term economic calculations with the dollar and not bitcoin? The answer is simply that we are operating the system off of the legacy of the gold standard. If the dollar were to be introduced in a similar manner as bitcoin without the legacy of an objective definition/standard, it too would have massive stability issues and would not be capable of pricing long-term economic projects. The fact that the dollar is not currently a currency should be concerning.

The next major reason that bitcoin is not and can not be a currency is that it has a predetermined hard limit of around 21 million. Units of measure must have an elastic supply without any arbitrary limits. There is not a hard limit to the number of inches, pounds, hours etc. and there can not be a hard limit to the unit of measure for value either. If we wanted to create all value units in advance and keep the definition a constant we would have to know all of the value man is capable of creating, in the same way that if we wanted to create all of the units for the measure of length in advance we would have to know all of the length we might need to quantify in advance, both are unknowable.

The final reason that bitcoin is not a currency is that it contains the property it is supposed to represent (value), all units of measure with the exception of the unit of measure for value have evolved to become artifact free, there is literally no there there just words on a piece of paper. Inches contain no length, pounds contain no weight, hours contain no time and currency should contain no value. Science has proven that units of measurement should not contain the properties they represent.

Which brings us to the difference between money and currency. Money is the most traded of commodities, contains socially objective value, and is used as a unit of measure, (examples would be gold, silver, salt, oil, water, paper notes). Currency is strictly a representation of value (examples would be coupons, airline miles, business to business barter credits, digital USD balances). Money is the inchworm (contains length and represents length), Currency is the inch ( a pure representation). We no longer use money in the same way that we no longer use the inchworm. In the same way inches have much greater accuracy and utility than inch worms, currency has much greater accuracy and utility than money.

In conclusion, the way to create a true digital currency is to first define it in socially objective terms, second is to remove the limits and let the unit have an elastic supply and lastly to ensure that the unit does not contain socially objective value and is solely a pure representation.

   ChrisandAmber August 26, 2018 at 2:23 pm Reply
Its not currency and won’t work. I made this write up about bitcoin but applies to smartcash too. Why bitcoin is not a currency and what would have to be changed to make it a currency. It should be becoming clear that bitcoin is not a currency, if it was a currency you would be able to price a 30 year home mortgage in it and the buyer would know what they were going to be paying and the seller would know what they were going to be getting. That is not and can not be the case with bitcoin or any of the other currently available digital assets commonly referred to by the misnomer “cryptocurrency”, but why? To explain why bitcoin is not a currency you first need to understand what currency is. Currency is the base UNIT in a system of measurement for value. The reason that bitcoin is not a currency is because it is not a unit of measure. Units of measure all have socially objective definitions and are a constant, bitcoin can not be defined in objective terms and is therefore not capable of being a unit of measure and is therefore not currency. That reason alone would be enough to bar it from ever functioning as a currency, but we will look at a couple others as well. The astute reader will be noting at this point that the worlds reserve currency the US dollar is also suffering from this same condition. It has not been definable in objective terms for the last 46 years, ever since the closing of the gold window by Nixon and the end of the Bretton-woods agreement. Exactly, the USD is no longer a currency, for the same reason that bitcoin is not a currency, It’s not a unit of measure.
So, the question becomes why are we able to make long-term economic calculations with the dollar and not bitcoin? The answer is simply that we are operating the system off of the legacy of the gold standard. If the usd dollar were to be introduced in a similar manner as bitcoin without the legacy of an objective definition/standard, it too would have massive stability issues and would not be capable of pricing long-term economic projects. The fact that the dollar is not currently a currency should be concerning. The next major reason that bitcoin is not and can not be a currency is that it has a predetermined hard limit of around 21 million. Units of measure must have an elastic supply without any arbitrary limits. There is not a hard limit to the number of inches, pounds, hours etc. and there can not be a hard limit to the unit of measure for value either. If we wanted to create all value units in advance and keep the definition a constant we would have to know all of the value man is capable of creating, in the same way that if we wanted to create all of the units for the measure of length in advance we would have to know all of the length we might need to quantify in advance, both are unknowable. The final reason that bitcoin is not a currency is that it contains the property it is supposed to represent (value), all units of measure with the exception of the unit of measure for value have evolved to become artifact free, there is literally no there there just words on a piece of paper. Inches contain no length, pounds contain no weight, hours contain no time and currency should contain no value. Science has proven that units of measurement should not contain the properties they represent. Which brings us to the difference between money and currency. Money is the most traded of commodities, contains socially objective value, and is used as a unit of measure, (examples would be gold, silver, salt, oil, water, paper notes). Currency is strictly a representation of value (examples would be coupons, airline miles, business to business barter credits, digital USD balances). Money is the inchworm (contains length and represents length), Currency is the inch ( a pure representation). We no longer use money in the same way that we no longer use the inchworm. In the same way inches have much greater accuracy and utility than inch worms, currency has much greater accuracy and utility than money. In conclusion, the way to create a true digital currency is to first define it in socially objective terms, second is to remove the limits and let the unit have an elastic supply and lastly to ensure that the unit does not contain socially objective value and is solely a pure representation.

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Growth
Innovative developments are moving extremely fast and are constantly gaining more traction. We expect market adoption of blockchain and cryptocurrencies to continue to increase over the coming years.
Liquidity
Contrary to many asset classes, cryptocurrencies can be traded at any moment in time. The market never closes. This high degree of liquidity makes an investment in cryptocurrency highly flexible
Protection
During times of economic crisis and uncertainty cryptocurrencies tend to thrive. As an independent store of value cryptocurrencies can act as a good hedge against fiat currency devaluation.
Diversification
Diversification spreads risk and reduces volatility. Cryptocurrencies are non-correlated with traditional asset classes, providing diversification and optimising the risk reward ratio of any investment portfolio.

We will need crypto-currencies in the future as tools for the development of modern society! Even now they are used as a means of payment and trading games.

We will need crypto-currencies in the future as tools for the development of modern society! Even now they are used as a means of payment and trading games.

We will need crypto-currencies in the future as tools for the development of modern society! Even now they are used as a means of payment and trading games.

We will need crypto-currencies in the future as tools for the development of modern society! Even now they are used as a means of payment and trading games.

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I expect that the crypto-currency already this year will provide real prerequisites for the fact that humanity will begin a gradual transition to the modern sphere of crypto currency!

I expect that the crypto-currency already this year will provide real prerequisites for the fact that humanity will begin a gradual transition to the modern sphere of crypto currency.

I expect that the crypto-currency already this year will provide real prerequisites for the fact that humanity will begin a gradual transition to the modern sphere of crypto currency!

I expect that the crypto-currency already this year will provide real prerequisites for the fact that humanity will begin a gradual transition to the modern sphere - the sphere of crypto currency!

Plagiarism [Reported]

Copy:
(Archive)

Original:
(Archive)

Original:

By utilising the security and efficiency enhancing features of blockchain such as smart contract technology into such a platform to be used with decentralised applications, the uses in the P2P space are truly immense. Pervious p2p systems always lack in the payment settlement category by adding a token and tokenizing this process you eliminated this headache all together. WONO the best.

Buzzing for Wono. P2P solutions are booming in developed countries- just think about how quickly Uber has exploded over the past year or so. By utilising the security and efficiency enhancing features of blockchain such as smart contract technology into such a platform to be used with decentralised applications, the uses in the P2P space are truly immense. Plus a trust-less system allows for the mitigation of middlemen, which means minimal fees, so that’s a win all round for users.

great project making it easier for people to selling services, quickly and easily will greatly benefit the crypto world. Pervious p2p systems always lack in the payment settlement category by adding a token and tokenizing this process you eliminated this headache all together.

Please ban Newbie Escrowyourcoins banned! for plagiarism. He's most likely trying to scam people by setting up an "escrow site" with stolen content, and his first post on Bitcointalk was plagiarism already.

Copy:

Original:

Bringing Cryptocurrencies Into Everyday Life of $19,783 in 2017, but this wasn’t the intention of its creator, Satoshi Nakamoto. Nakamoto’s dream was to create an alternative currency that was capable of superseding our existing monetary systems.

We are mostly too concerned about bitcoin pricing, but forget about the real meaning of it being created. You want bitcoin is stable at a certain price(example: 6000$)  and is widely used in daily payments or Bitcoin prices will reach $ 20,000, $ 100,000, but it is not used in daily payments and is no different than a speculative tool? Let me know your thoughts? I bet that more people will want the price than the value of Bitcoin.



                                                                              

To say the likes of Bitcoin isn’t well invested may seem churlish, considering the crypto-giant hit a valueMicropayments: Bringing Cryptocurrencies Into Everyday Life of $19,783 in 2017, but this wasn’t the intention of its creator, Satoshi Nakamoto. Nakamoto’s dream was to create an alternative currency that was capable of superseding our existing monetary systems.

~~
 It is legal to use bitcoin in the United States, and payments are subject to the same taxes and reporting requirements as any other currency. There is no physical bitcoin currency the way there is a dollar, euro or pound in coming year we can see 99% of the country going to accept bitcoin kindly call me on telegram will you with more new update on bitcoin or join this channel
~~

Bitcoin offers an efficient means of transferring money because of the decentralization of a market in the internet. Also bitcoin gains a lot of exposure between the year 2010 and continuously gaining fame up to now.

Why it's price is so high?

It actually depends from its use as a medium of exchange and as a store of value. These 2 factors are very dependent to each other
because if bitcoin does not achieve success as a medium of exchange, it will have no practical utility and thus no intrinsic value and won't be appealing as a store of value.

The price moves up because this crypto is huge success as a medium of exchange thus gaining its popularity and intrinsic value as a payment method.

~~~

Before we enter the crypto currency we first learn bitcoin what is it? We know bitcoin is a digital currency or internet money. In the present day we also find out the advantages and disadvantages of bitcoin.

Advantages
Due to the unique nature of virtual currencies, there are some inherent advantages to transacting through Bitcoin that users of other currencies do not get. Digital currencies are a relatively new and untested medium of exchange, and users should be careful to weigh their benefits and risks.
disadvantages
1. Volatile

They call it High-Risk=High-Profit for a reason. You can become a millionaire in a day and be broke within the next week.

2. It's Easy to misplace/User errors

while dealing with Bitcoin or any other cryptocurrency you are very likely to misplace it or lose it while making a transaction.

3. Frequent black market transactions have made owning bitcoin bad for reputations.

try also find other cryptocurrency information that you can only see on google or other people.

Due to the unique nature of virtual currencies, there are some inherent advantages to transacting through Bitcoin that users of other currencies do not get. Digital currencies are a relatively new and untested medium of exchange, and users should be careful to weigh their benefits and risks.you can buy using bitcoin without exerting too much effort.

Due to the unique nature of virtual currencies, there are some inherent advantages to transacting through Bitcoin that users of other currencies do not get. Digital currencies are a relatively new and untested medium of exchange, and users should be careful to weigh their benefits and risks. That said, Bitcoin appears to offer some unique possibilities.

~~~

One of the most widely publicized benefits of Bitcoin is that governments, banks and other financial intermediaries have no way to interrupt user transactions or place freezes on Bitcoin accounts. For long terms nothing to worry about it's only first half of the year.

One of the most widely publicized benefits of Bitcoin is that governments, banks and other financial intermediaries have no way to interrupt user transactions or place freezes on Bitcoin accounts. The system is purely peer to peer users experience a greater degree of freedom than with national currencies. Furtherly, Since Bitcoin transactions have no intermediary institutions or government involvement, the costs of transacting are kept very low. This can be a major advantage for travelers. Additionally, any transfer in Bitcoins happens very quickly, eliminating the inconvenience of typical authorization requirements and wait periods.

Absolutely correct, and other benefits of Bitcoin are:
1.User Anonymity: Bitcoin purchases are discrete. Unless a user voluntarily publishes his Bitcoin transactions, his purchases are never associated with his personal identity, much like cash-only purchases, and cannot be traced back to him. In fact, the anonymous Bitcoin address that is generated for user purchases changes with each transaction.

2.Purchases Are Not Taxed:
Since there is no way for third parties to identify, track or intercept transactions that are denominated in Bitcoins, one of the major advantages of Bitcoin is that sales taxes are not added onto any purchases.

3.No Third-party Interruptions
One of the most widely publicized benefits of Bitcoin is that governments, banks and other financial intermediaries have no way to interrupt user transactions or place freezes on Bitcoin accounts. The system is purely peer-to-peer; users experience a greater degree of freedom than with national currencies.

One of the most widely publicized benefits of Bitcoin is that governments, banks and other financial intermediaries have no way to interrupt user transactions.

Favorite Exchanges? my favorite exchange is Bitcoin because standard wire transfers and foreign purchases typically involve fees and exchange costs. Since Bitcoin transactions have no intermediary institutions or government involvement, the costs of transacting are kept very low. This can be a major advantage for travelers. Bitcoin is independent from financial institutions such as banks. It uses a decentralized database that is immune to any manipulation. Transfers are being booked immediately, making the express transfers possible, without the need of third parties. With digital currencies exchanges like ours, we immediately connect buyers with sellers

Bitcoin is the best solution for your business, "Very Low Transaction Fees".
Any transaction in Bitcoins happens very quickly, eliminating the inconvenience of typical authorization requirements and wait periods.
Standard wire transfers and foreign purchases typically involve fees and exchange costs. Since Bitcoin transactions have no intermediary institutions or government involvement, the costs of transacting are kept very low.

Bitcoin is really big help in terms of paying. Since it's special feature with out any physical interaction and you can send money digitally. Like with many online payment systems, Bitcoin users can pay for their coins anywhere they have Internet access. With Bitcoin it is very possible to be able to send and get money anywhere in the world at any given time.

In addition, the advantages of using BTC as a payment system including:
Bitcoin purchases are discrete, A user cannot be traced.
one of the major advantages of Bitcoin is that sales taxes are not added onto any purchases.

Beyond its anonymous nature, bitcoin has the potential to change the way we bank, make transactions, and view money.  It really gives opportunity to rewrite the banking system

As I consider Bitcoin something along the lines of next-gen gold, I think it will become one of the most predominant means of wealth storage. One can earn money (dollars/pounds/euros) by working, selling things, or exchanging other currencies. Similarly, one can earn bitcoins by mining (working in virtual world), getting paid in bitcoins for selling goods, or purchasing bitcoins by exchanging existing currencies (like US dollars). Earned or purchased bitcoins reside in safe wallets, which are online secure bitcoin storage provided by bitcoin service providers. All in all, bitcoin and its underlying technology have great potential. Applications based on block chains will present technical, legal, economical, and social problems that may be similar to the ones raised by similar peer-to-peer applications like Torrent, Napster, or Freenet.This is how it is impacting the world.

yes bitcoin can change the world, one can earn money (dollars/pounds/euros) by working, selling things, or exchanging other currencies. Similarly, one can earn bitcoins by mining (working in virtual world), getting paid in bitcoins for selling goods, or purchasing bitcoins by exchanging existing currencies (like US dollars)

Taxes can be taxed bitcoin for reasons. Bitcoin is a virtual currency that uses cryptographic encryption system to facilitate secure transfers and storage. Unlike a fiat currency, bitcoin is not printed by a central back, nor is it backed by any. Bitcoins are generated by what is called mining-process wherein high-powered computers.

Most of countries consider Bitcoin as an asset or intangible property ( as by IRS ). Bitcoin's treatment as an asset makes the tax implication clear. However, taxation on bitcoins and its reporting is not as simple as it seems. For starters, it is difficult to determine the fair value of the bitcoin on purchase and sale transactions. Frequent traders and investors could use "first in, first out" (FIFO) or "last in, first out" (LIFO) accounting techniques to reduce tax obligations.

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The United States has taken a generally positive approach towards bitcoin.Canada considers bitcoin exchanges to be money service businesses.Australia allows entities to trade, mine, or buy bitcoin. Individual EU countries have developed their own bitcoin stances. A few nations are allowing bitcoin while others are either undecided or issuing warnings.

Aside from hackers, I can say investing bitcoins are totally risky, Price fluctuations in bitcoin spot rate in bitcoin exchanges is driven by many factors, Volatility is measured in traditional markets by the volatilty index. Volatility in bitcoin does not yet have a generally accepted index since cryptocurrency as an asset class is still in nascent stages, Another is the " Volatility is the rate of adoption is hampered by bad press".

Hi and welcome to Bitcoin Forum!

Bitcoin is basically the first cryptocurrency and altcoin is reffered to “alternative Coin”. Altcoins are the alternative cryptocurrencies launched after the success of Bitcoin. Generally, they project themselves as better substitutes to Bitcoin. The success of Bitcoin as the first peer-to-peer digital currency paved the way for many to follow. Many altcoins are trying to target any perceived limitations that Bitcoin has and come up with newer versions with competitive advantages. There is a great variety of altcoins which include CloudCoin, LiteCoin, Ethereum etc.
Thankyou!

Altcoins are the alternative cryptocurrencies launched after the success of Bitcoin. Generally they project themselves as better substitutes to Bitcoin. The success of bitcoin as the first peer-to-peer digital currency paved the way for many to follow.
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I think altcoins should be get bought.  As after bitcoin if any other crypto currencies get such an acknowledgement than it is altcoins and even that altcoins prices also increased and it's also an investment like a bitcoins. Altcoins are the alternative cryptocurrencies launched after the success of Bitcoin. Generally, they project themselves as better substitutes to Bitcoin. The success of Bitcoin as the first peer-to-peer digital currency paved the way for many to follow. Many altcoins are trying to target any perceived limitations that Bitcoin has and come up with newer versions with competitive advantages. There is a great variety of altcoins.
Thus most altcoins are peer-to-peer, involve a mining process and offer efficient and cheap ways to carry out transactions on the web. But even with many overlapping features, altcoins vary widely from each other.

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Altcoins are the alternative cryptocurrencies launched after the success of Bitcoin.The success of Bitcoin as the first peer-to-peer digital currency paved the way for many to follow. Many altcoins are trying to target any perceived limitations that Bitcoin has and come up with newer versions with competitive advantages; but still Bitcoin remains the king among all crytocurrencies

Altcoins are the alternative cryptocurrencies launched after the success of bitcoin. Bitcoin's success as the first peer to peer digital currency paved the way for many to follow.

Heres the definition of altcoin tthat google gave me
DEFINITION of 'Altcoin' Altcoins are the alternative cryptocurrencies launched after the success of Bitcoin. Generally, they project themselves as better substitutes to Bitcoin. The success of Bitcoin as the first peer-to-peer digital currency paved the way for many to follow.

Altcoins are the alternative cryptocurrencies launched after the success of Bitcoin. Generally, they project themselves as better substitutes to Bitcoin. The success of Bitcoin as the first peer-to-peer digital currency paved the way for many to follow. Many altcoins are trying to target any perceived limitations that Bitcoin has and come up with newer versions with competitive advantage