Topic: UPDATE - page 45. (Read 41038 times)

Even today if someone has 100 btc,he is millionaire in most parts of the world

Yes it's Bitcoin only. Or crypto only if the Monero part is right. Why do you think it can't survive?

no there is a version, which is work in progress, that work with monero also, i think it's called free bazar, check for it

Is openbazar bitcoin only? If it is bitcoin only, it cannot survive easily initially. If it is not, then it will be another ebay.

It is an interesting debate.  BTC can offer a lot of great things to the people, however not much will change in the US due to our laws and regulations.

Also-  Think of people who don't know how to use technology at all, they are out there, they exist.  They would need formal training in Bitcoins and I think it would be too much to ask.

Second-Government would have a lot harder time controlling it, so although it would be great, not happening in the USA

The big fees we pay with fiat if we start to pay the bills with bitcoin in a year you will be able to see the diference and apply those saved money into some new project or something you wanna to buy.
Bitcoin has all to be the coin to we pay online ,with openbazar near to be open i hope it explodes and brings the new investors and new interest into bitcoin.

The free market will always trump the PTB.  Their systems of control are failing. 

If I store some bitcoins in a paper wallet,
Or in a Trezor/Ledger hardware wallet who can steal it from me?
This is the point of being your own bank and control your own bitcoins.

If no one will give not dollars in front of Bitcoin, the price of Bitcoin will result 0,
and there are many ways to control exchange markets or putting posess of Bitcoin illegal.

Once i watched the trailer i know that a mister is inside there.
It explains a bit what is the difference between bitcoin and dollar.
And if one collapse that would be dollar and not bitcoin (as your own bank).
Bitcoin has it benefits that it is not controlled by someone comparing to dollar.

I agree. This movie really opened my mind. It really gives you insight on how fiat works, who controls it, and why bitcoin makes sense. This movie should be a prerequisite in schools.

The value of $ depends more on politics than industry. And, as some said, USA debt is quite big.
Now, the history shows already how strong was the $ decades ago and if you read the correct papers you'll see quite interesting graphs about how $ value is getting smaller and smaller each year.

Bitcoin is not tied to government politics and it should be more stable.
Also Bitcoin supply is rather small and mining Bitcoin is harder and harder (you should read about halving too) meaning that economically the Bitcoin price should rise.

The problem is that Bitcoin is not actually needed for anything. You need $ to pay your taxes in USA. You can't actually live in USA without $. (Replace USA with any country and $ with that countrys money and you get the same). While money is, in theory, not needed for anything, just try to live for a year without it and you'll see that this is utopia. The government and the current way of economics enforce you to use money. The days when you worked directly for food are over.

But Bitcoin, instead, well.. you can live very well without it. So the only value is now given by the price dictated by a free speculative market.
But again, this happens with gold too!

So, while the gold value is ~ the same over the years, Bitcoin value is expected to rise. Hence the expectations towards Bitcoin.


But for a normal family that goes to work, gets some money at the end of the month and that money barely keeps the family running until next paycheck, I see no advantage from Bitcoin.
I actually see disadvantages, since buying bitcoin gets through fees and buying things with bitcoin is (from my feeling) a little more expensive than using USD.

But if that family has some money to put away, Bitcoin is an asset to think about (though it's a high risk investment!)

what crisis? BTC might help Italian? All the people in every country must work hard to earn bitcoin.

only with big adoption, and a market cap with two added more zeroes, maybe 10 is a bit too low, the more you have the better

better to aim at 100 at least if you can


this because btc is still in its infancy, when dollar was still in its infancy too, it was the same

we can talk about this another time when bitcoin will be adopted by 1B people...

Create products/digital products and services and sell them with bitcoin/USD/Euro.

Non cercare "il posto di lavoro sicuro".  

Maybe he meant about the Greece situation,
When the people's bank balance were/are frozen and limited to withdraw.
In bitcoin this can not happen if you don't send to an exchange or third party companies.

You still read and understand in dollar. You convert BTC to dollar. You list prices in dollar. Enough to say about BTC already

Cyprus can't close your bank account and take 99% of your funds.....

In a period of crysis like Cyprus, government stole part of the money that people has on bank deposit. With bitcoins, your money is safe from the govern.

I would suggest OP to watch this documentary which explains many things about your question.
The movie is called 'Bitcoin The End of Money as We Know It' watched it today and it's impressive.
Bitcoin can not replace dollar but bicoin will be one day the first e-currency being used online.