Topic: The danger of the cyptocurrencies - page 23. (Read 45203 times)
There are offline wallets etc that can store bitcoin and you could have several wallets on different computers but I do see your point and fears but also there are crypto debit cards coming out in various places too so it can be stored on a card as well.
In the upcoming days i think bitcoin will end the bank usage..
Yup, i agree with you but depend on the developers and comunity of users bitcoins them selves include the investors, because still there are weakness on bitcoin is like problem block size on bitcoin and war between segwit vs miners from China. 
The most danger of bitcoins is that they can become useless very easily in a very short period of time .u can even take them as salary as their price tends to go up and down .so u just cant .and waking up in the morning u see that there is no existense of bitcoins at all .then u dont have anything to do .but to go depressed .
In some points, you are right. Since Bitcoin was created, there have been many other cryptocurrencies appear with many potentials. However, most of them collapse within a year without any noticed. People who put money into these junk coin apparently lose all of their capital since the price declined dramatically. Thise cryptocurencies were not acknowlede alot. They exist but never felt but bitcin was not. It existand being develop more by many. Maybe those that were gone are not as beneficial and profitable like bitcoin. Bitcoin will live longer as long as it is use.
Just the opposite, governments can't wait to eliminate paper fiat. With paper money they can't control every aspect of your life. All people will need to do eventually is scan their thumb print at brick-mortar retailers or scan their fingerprint on their computer to make a purchase from their government controlled bank account. My phone already has a fingerprint reader for a password. It wouldn't be hard to make everything everywhere work that way
I don't think it is a good idea overall. I mean using thumbs to get access to your funds. You seem to have watched a little bit too many fantastic movies about a future where the government controls all aspects of an individual's life. In essence, the government already has everything they might ever want in this respect, and they don't need your thumbs at all. Ordinary payment cards seem to do everything you just enumerated (including hookers and beggars)...
And pickpockets won't have to chop off the fingers of their "clients" at that
Your fingerprint is already used in most US banks (since 1997) when non-customers cash checks. It's a small step from what they are already doing to using it as ID. Police departments all over the world already use your finger print as ID when you're arrested or detained for any reason.
Chopping off digits won't work in the very near future as devices become more sensitive. Zvetco Biometrics Is working on a reader that measures not only the persons temperature but their o2 saturation and blood flow. If they can refine the blood flow measurement readers could tell if you are under duress while scanning your print and deny access.
As devices become more sensitive, that would make even less sense. How can they possibly tell whether you are under duress while scanning, say, because you have a gun pointed to your head, or you just sweat with your heart pumping and jumping because of the process itself? I understand that fingerprints can be used to check your identity and that could potentially work better than any identity card (passport, driver license, etc). But I can't possibly fathom how it could be more useful and less clumsy overall than your typical payment card for making everyday expenses...
I'm inclined to think that the latter will be hard to beat
I know bitcoin is the future currency but I don't think paper money would be soon goodbye. You have to take a look that to use bitcoi you need a device and a computer to buy or receive payments. In poor countries they don't even aware of this kind of money and owning one would cost them a fortune for them.
Just the opposite, governments can't wait to eliminate paper fiat. With paper money they can't control every aspect of your life. All people will need to do eventually is scan their thumb print at brick-mortar retailers or scan their fingerprint on their computer to make a purchase from their government controlled bank account. My phone already has a fingerprint reader for a password. It wouldn't be hard to make everything everywhere work that way
I don't think it is a good idea overall. I mean using thumbs to get access to your funds. You seem to have watched a little bit too many fantastic movies about a future where the government controls all aspects of an individual's life. In essence, the government already has everything they might ever want in this respect, and they don't need your thumbs at all. Ordinary payment cards seem to do everything you just enumerated (including hookers and beggars)...
And pickpockets won't have to chop off the fingers of their "clients" at that
Your fingerprint is already used in most US banks (since 1997) when non-customers cash checks. It's a small step from what they are already doing to using it as ID. Police departments all over the world already use your finger print as ID when you're arrested or detained for any reason.
Chopping off digits won't work in the very near future as devices become more sensitive. Zvetco Biometrics Is working on a reader that measures not only the persons temperature but their o2 saturation and blood flow. If they can refine the blood flow measurement readers could tell if you are under duress while scanning your print and deny access.
Your won't have another choice but to store your money only in crypto, because the other choices will be worthless!
I am not sure if that's a good thing. Being dependent so much on computers just scares me.
Actually this altcoin world is full of possibilities, and anyone can predict with accuracy what will occur with the future of economy in the long run.
I don't think current altcoin will completely displace fiat or metals in next years, but I have no doubt that these current economic system will not prevail forever, so I have no doubt that the future will bring amazing surprises for us.
I know bitcoin is the future currency but I don't think paper money would be soon goodbye. You have to take a look that to use bitcoi you need a device and a computer to buy or receive payments. In poor countries they don't even aware of this kind of money and owning one would cost them a fortune for them.
Just the opposite, governments can't wait to eliminate paper fiat. With paper money they can't control every aspect of your life. All people will need to do eventually is scan their thumb print at brick-mortar retailers or scan their fingerprint on their computer to make a purchase from their government controlled bank account. My phone already has a fingerprint reader for a password. It wouldn't be hard to make everything everywhere work that way
I don't think it is a good idea overall. I mean using thumbs to get access to your funds. You seem to have watched a little bit too many fantastic movies about a future where the government controls all aspects of an individual's life. In essence, the government already has everything they might ever want in this respect, and they don't need your thumbs at all. Ordinary payment cards seem to do everything you just enumerated (including hookers and beggars)...
And pickpockets won't have to chop off the fingers of their "clients" at that
The most danger of bitcoins is that they can become useless very easily in a very short period of time .u can even take them as salary as their price tends to go up and down .so u just cant .and waking up in the morning u see that there is no existense of bitcoins at all .then u dont have anything to do .but to go depressed .
In some points, you are right. Since Bitcoin was created, there have been many other cryptocurrencies appear with many potentials. However, most of them collapse within a year without any noticed. People who put money into these junk coin apparently lose all of their capital since the price declined dramatically. The most danger of bitcoins is that they can become useless very easily in a very short period of time .u can even take them as salary as their price tends to go up and down .so u just cant .and waking up in the morning u see that there is no existense of bitcoins at all .then u dont have anything to do .but to go depressed .
In some points, you are right. Since Bitcoin was created, there have been many other cryptocurrencies appear with many potentials. However, most of them collapse within a year without any noticed. People who put money into these junk coin apparently lose all of their capital since the price declined dramatically. That's why ICOs are seen as the new ponzi today. They promise this and that, most especially long term goals, but then abandon it later on. It's really hard to trust and invest in ICOs nowadays that's why most users just join the bounties. They get hyped up at first and after the early investors got their profit, the price just decrease continuously. Worst case is when the dev leaves the project together with the money that they solicited and not even let the early investors earn anything.
The most danger of bitcoins is that they can become useless very easily in a very short period of time .u can even take them as salary as their price tends to go up and down .so u just cant .and waking up in the morning u see that there is no existense of bitcoins at all .then u dont have anything to do .but to go depressed .
In some points, you are right. Since Bitcoin was created, there have been many other cryptocurrencies appear with many potentials. However, most of them collapse within a year without any noticed. People who put money into these junk coin apparently lose all of their capital since the price declined dramatically. I know bitcoin is the future currency but I don't think paper money would be soon goodbye. You have to take a look that to use bitcoi you need a device and a computer to buy or receive payments. In poor countries they don't even aware of this kind of money and owning one would cost them a fortune for them.
Just the opposite, governments can't wait to eliminate paper fiat. With paper money they can't control every aspect of your life. All people will need to do eventually is scan their thumb print at brick-mortar retailers or scan their fingerprint on their computer to make a purchase from their government controlled bank account. My phone already has a fingerprint reader for a password. It wouldn't be hard to make everything everywhere work that way.
You won't need to own any electronic device at all. Just make sure you take your thumbs with you when you leave home in the morning. LOL
The downside would be: No more buying drugs or hookers the government doesn't want you to have.
The upside would be: No more homeless people begging for change because you can't give them any.
I know bitcoin is the future currency but I don't think paper money would be soon goodbye. You have to take a look that to use bitcoi you need a device and a computer to buy or receive payments. In poor countries they don't even aware of this kind of money and owning one would cost them a fortune for them.
People think that poor countries or third world countries citizens can't buy a smartphone or a computer. I'm from the Philippines and even those people that only depend on their parents (which are just fish sellers) can buy a smartphone. Maybe it's not some flagship phone like the iPhone6s but it can still access the internet and people can still use bitcoins using it. They manufacture cheap smartphones in my country which most people can afford and the price is getting even more cheaper as time pass by. You can also buy secondhand smartphones which is much cheaper.
The most danger of bitcoins is that they can become useless very easily in a very short period of time .u can even take them as salary as their price tends to go up and down .so u just cant .and waking up in the morning u see that there is no existense of bitcoins at all .then u dont have anything to do .but to go depressed .
I know bitcoin is the future currency but I don't think paper money would be soon goodbye. You have to take a look that to use bitcoi you need a device and a computer to buy or receive payments. In poor countries they don't even aware of this kind of money and owning one would cost them a fortune for them.
If the CIA was behind of everything, the hackers would never use Bitcoin as their main currency. The hackers would know all and if Bitcoin was truly owned by the CIA, the hackers would definitely attack it and burn it to ashes. They are smart people who know how to control themselves and others people's computers, as well as the whole Internet. Therefore, I can ensure with you that there is no danger while using cryptos except scammers
What difference does it make for hackers if they find out that bitcoin is owned by the CIA? As long as they're making money out of bitcoins, they will continue to use it. Fiat money is owned by the government, do criminals mind it? No. Maybe if once the CIA is doing something horrible against bitcoins, then the hackers will do something. Right now, everything's fine for them. Hackers' identities are still hidden because they use bitcoins.
You are probably aware of the recent news about removing the fiat money for good and building up the cashless world.
Have you thought that bitcoin maybe the first step of this utopia? What if CIA behind this project? Would you still keep your money as bitcoins? Would you trust them? Do we know who the hell is Satoshi Nakamoto? I suure don't.
There is one big danger ahead. If the paper money gets removed, you will have no choice but to accept to get paid in crypto currencies. And to the big point:
If you keep your money in a goddamn computer, the government can rip you off instantly if they wanted it. I am not saying they aren't doing that already as most of us are keeping *our wealth in the banks. But cryptos will make their jobs easier. Much easier.
What if bitcoin price rises to 1.000.000$ and gold and USD become literally worthless? That's when bitcoin will be the world currency, and people gonna realise that gold is just a stone, USD is just a toilet paper.
Your won't have another choice but to store your money only in crypto, because the other choices will be worthless!
I am not sure if that's a good thing. Being dependent so much on computers just scares me.
Your post is based on so many false assuptions.Have you thought that bitcoin maybe the first step of this utopia? What if CIA behind this project? Would you still keep your money as bitcoins? Would you trust them? Do we know who the hell is Satoshi Nakamoto? I suure don't.
There is one big danger ahead. If the paper money gets removed, you will have no choice but to accept to get paid in crypto currencies. And to the big point:
If you keep your money in a goddamn computer, the government can rip you off instantly if they wanted it. I am not saying they aren't doing that already as most of us are keeping *our wealth in the banks. But cryptos will make their jobs easier. Much easier.
What if bitcoin price rises to 1.000.000$ and gold and USD become literally worthless? That's when bitcoin will be the world currency, and people gonna realise that gold is just a stone, USD is just a toilet paper.
Your won't have another choice but to store your money only in crypto, because the other choices will be worthless!
I am not sure if that's a good thing. Being dependent so much on computers just scares me.
Why would government want to rip their own people by taking away their money and even if we suppose it for argument's sake,then too they can do it easily with fiat my declaring any denominations useless I.e denominations.
I think btc is safest method of investment
You are probably aware of the recent news about removing the fiat money for good and building up the cashless world.
Have you thought that bitcoin maybe the first step of this utopia? What if CIA behind this project? Would you still keep your money as bitcoins? Would you trust them? Do we know who the hell is Satoshi Nakamoto? I suure don't.
There is one big danger ahead. If the paper money gets removed, you will have no choice but to accept to get paid in crypto currencies. And to the big point:
If you keep your money in a goddamn computer, the government can rip you off instantly if they wanted it. I am not saying they aren't doing that already as most of us are keeping *our wealth in the banks. But cryptos will make their jobs easier. Much easier.
What if bitcoin price rises to 1.000.000$ and gold and USD become literally worthless? That's when bitcoin will be the world currency, and people gonna realise that gold is just a stone, USD is just a toilet paper.
Your won't have another choice but to store your money only in crypto, because the other choices will be worthless!
I am not sure if that's a good thing. Being dependent so much on computers just scares me.
The cryptocurrency is one of an easy way to earn money and almost of us can't live without Bitcoin. As we can see the fastest growing Bitcoi.Have you thought that bitcoin maybe the first step of this utopia? What if CIA behind this project? Would you still keep your money as bitcoins? Would you trust them? Do we know who the hell is Satoshi Nakamoto? I suure don't.
There is one big danger ahead. If the paper money gets removed, you will have no choice but to accept to get paid in crypto currencies. And to the big point:
If you keep your money in a goddamn computer, the government can rip you off instantly if they wanted it. I am not saying they aren't doing that already as most of us are keeping *our wealth in the banks. But cryptos will make their jobs easier. Much easier.
What if bitcoin price rises to 1.000.000$ and gold and USD become literally worthless? That's when bitcoin will be the world currency, and people gonna realise that gold is just a stone, USD is just a toilet paper.
Your won't have another choice but to store your money only in crypto, because the other choices will be worthless!
I am not sure if that's a good thing. Being dependent so much on computers just scares me.
If they think that bitcoin couldn't help them they would remove the Bitcoin for sure. If they saw that bitcoin is not helping the economy since the beginning of Bitcoin they already remove it.
In the general people are able to make money with crypto currencies, being bitcoin or any other altcoin, the thing is that all must research all informations about the altcoin you are going to invest, the top traded coins usually gives you a good reference about potencial.
The only danger is when you turn into a greedy person and invest at ponzis, hyips trying to earn money without doing nothing, those is a marketplace that keeps growing, and all day people loosing their bitcoins to those scam projects.
The only danger is when you turn into a greedy person and invest at ponzis, hyips trying to earn money without doing nothing, those is a marketplace that keeps growing, and all day people loosing their bitcoins to those scam projects.
If the CIA was behind of everything, the hackers would never use Bitcoin as their main currency. The hackers would know all and if Bitcoin was truly owned by the CIA, the hackers would definitely attack it and burn it to ashes. They are smart people who know how to control themselves and others people's computers, as well as the whole Internet. Therefore, I can ensure with you that there is no danger while using cryptos except scammers
We do need machines, and computers does control them, how can you make an exam to know what is wrong with your body? Cryptocurrencies are bringing the best things to the world, returning to the people the power to choose and without any middle man between the transactions.
Although it is good that bitcoins have reduce the risk of scam but actually bitcoins are not being used on physical shops yet at least in the less developed countries but at the same time there is no risk being added by the cryptocurrency because no one is forcing us to use the cryptocurrencies and in fact I have personally never did any transaction under pressure. I use them because I really love the way it works, secure transparent yet decentralized.Jump to: