28 Comments

  1. What will happen to poor countries with no digital currency? Will they accept Bitcoin after certain groups of people already invested into it? Sometimes I thank Chinese for banning cryptocurrencies.

  2. Imagine one day UN decides to ban all crypto exchanges and come up with single blockchain based crypto.. do you still see value for Bitcoin ? There needs to be govt trust and backing for each monetary transaction and there needs to be way to come out if something doesn’t work out .. gold is still alive ..

  3. means if government wanna stop transaction in a specific area the can just stop wifi of that place, and what would happen if someone don’t have or wanna use smartphone can’t do interactions meaning you have keep your phone with you 24/7

  4. Once crypto currency is regulated in a country. Then Traditional banking will die and there will be no hidden cash, no panama papers, no tax evasions, no money laundering, no lobbying, no black money no secrets. The haters fear that their secret cash stored in lockers will be no value. Crypto cash has a limit on its own, as u cannot own more than it is recorded in the block chain. You cannot disclose less asset and then hide more money in a secret locker

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  7. It is interesting. I am holding some bitcoin as a hedge, but I don’t think of it as a long term investment.

    It is extremely interesting that Milton Friedman talked about digital currency.

    I think the governments could have info about crypto transactions if not yet, eventually, otherwise it will either become banned or governments will tax people much more in different ways

  8. Bitcoin processes 4.6 transactions per second. Visa does around 1,700 transactions per second on average. It takes about 10 minutes to process a bitcoin payment. This can't be used as a currency yet. The lines at the stores would be huge.

  9. I've never wanted a time machine so bad until Bitcoin. This new virtual money is aggregated to the very few who heard about it early and hold way more than the rest, which is not too different from today with the fiat money is aggregated to the top 1%. There's poor people no matter what because there's always so many left out.

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