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Top Bitcoin questions I’ve been asked

82 点作者 brown大约 11 年前

8 条评论

dperfect大约 11 年前
From the article:<p>&quot;...one fundamental building block that BTC needs right now: legitimacy&quot;<p>&quot;Imagine if you were able to provide governments assurance that every BTC wallet that cashed out into USD had a thorough KYC procedure performed on the transaction&quot;<p>I&#x27;m afraid this kind of legitimacy will never be obtained for Bitcoin - not because it&#x27;s impossible, but because many (most?) of Bitcoin&#x27;s strongest proponents are pushing for the exact opposite goal.<p>On one hand, we have people wanting to &quot;fix&quot; Bitcoin by providing more transparency - through decreased anonymity. On the other hand, we have people trying to &quot;fix&quot; Bitcoin by providing increased anonymity at all costs.<p>Personally, I believe both goals are admirable, but the conflict may ultimately hurt Bitcoin&#x27;s chances of long-term success and mass adoption.<p>It comes down to this question: do we want Bitcoin to become &quot;legitimate&quot; and fit in to the current landscape of government regulation, law enforcement, consumer protection, etc., or do we want Bitcoin to fundamentally disrupt all of those ideas and stand as something all of its own? The first option ensures greater chances of (quick) widespread adoption without rocking the boat too much, while the second option flies in the face of systems of power and influence that have been in place for thousands of years.
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abalone大约 11 年前
It&#x27;s interesting all the &quot;how is this useful&quot; examples she gives are for international commerce: money transfers, doing business with international customers, countries where cards are harder to accept.<p>I&#x27;m still waiting to hear concrete examples of how Bitcoin would compete with credit cards in a First World market. There&#x27;s a lot of talk about how &quot;expensive&quot; and &quot;inefficient&quot; the credit card system is (it&#x27;s almost a mandatory part of any intro to Bitcoin). But so far I&#x27;ve heard nothing concrete. Anyone have a good link I should read?
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FigBug大约 11 年前
Something I&#x27;ve been wondering about Bitcoin: If Bitcoin is going to be used as a currency, you&#x27;ll need to be able to get loans, short term like a credit card and long term like a mortgage. But isn&#x27;t taking a loan in a deflationary currency very risky? Kinda like short selling, possible to lose&#x2F;be in debt an infinite amount of money?<p>Assuming Bitcoin becomes widespread, how do you convince people to take a salary that goes down every year? It&#x27;s going to take a lot of re-education -- a completely different way of looking at money.
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moonhorse大约 11 年前
Great pos! The more I learn about bitcoin, the more I feel like it still has a long way to go. There are a few hurdles that can not be easily solved now: 10min transaction time; deflationary (this pretty much means it would have a hard time to act a real &quot;currency&quot; based on nowadays economic thinking); the resources wasted in mining and the potential consolidation of mining; the programmable aspect is very limited today. What is your take of it?
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ufmace大约 11 年前
The inflation one is the only one that&#x27;s really fundamental to the currently. Part of the core of the Bitcoin system is that the validity of everything that happens is proven by being accepted by all of the nodes that make up the system, rather then by some special authority figure. There are authority figures that publish the node software, but they can&#x27;t force anybody to go along with any change they make. They have to tell the world what their changes do, and hope that everybody is willing to upgrade.<p>Part of the rules of the system that are enforced is how new coins come into existence, and the current rule for that is the fixed reward per block mined, with logarithmic decrease in reward amount. It is possible to change that, but the fundamental nature of the system is that the coin creation has to be controlled by an algorithm shared and repeatable among all nodes, and so cannot ever be based on any arbitrary or external factors.<p>Even making a change that remains within those limits is risky. To keep the currency in existence, there must be broad agreement among all of the people running nodes as to what the rules of the currency are. If the core developers decide to make a change in that, and 20% of nodes refuse to upgrade, it would be a disaster. And so they aren&#x27;t likely to risk doing anything that might piss off a significant fraction of the users.<p>So love it or hate it, the fixed inflation system isn&#x27;t going anywhere.
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andreicek大约 11 年前
First comment, go easy on me.<p>Have you seen <a href="https://www.youtube.com/watch?v=vnm4xFC2xNo" rel="nofollow">https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=vnm4xFC2xNo</a> ?<p>I think the second guy at the end of the video raises an important question. Why use this over any other currency? If you are worried about the &quot;control&quot; of the said currency why not use a more &quot;free&quot; one like Swiss francs?<p>I am worried that Bitcoin will never be used as a standard if a regular, Facebook user, can&#x27;t manage to get his hands on it, and afterwards use it. It&#x27;s a catch 22 in my opinion.<p>Sure it&#x27;s easy for IT people to use it, but my mom doesn&#x27;t even know about PayPal for instance. And I am sure she is not the only one.
bluedevil2k大约 11 年前
My personal top question - as I understand it, to earn new bitcoins, you must mine them by verifying the ledgers from previous transactions. The first one who solves this puzzle gets the bitcoins. Question - why doesn&#x27;t the fastest computer win every time? If the puzzle is a number crunching puzzle and computers are all doing the same thing, shouldn&#x27;t the winner always be the same computer?
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jafaku大约 11 年前
&gt; The money supply for BTC increases slowly. This is discouraging transactions because (if you believe in the currency and its future) you should hoard your BTC. The amount of new BTC going into circulation is low, barring any disaster (e.g. Germany banning BTC, Kraken hacked), it just makes sense to hold because what you have today will be worth more tomorrow.<p>Just another Dogecoin shill with unproven claims. What you said is absolutely false. In donations alone, bitcoiners have spent more (millions of dollars worth at the time) than dogecoiners have spent in everything.<p>Dogecoin is not even in the top 5 anymore: <a href="http://coinmarketcap.com/" rel="nofollow">http:&#x2F;&#x2F;coinmarketcap.com&#x2F;</a><p>It was just a short lived fad, like many other copycoins. Ever heard of Infinitecoin? Probably not. Yet it also entered the top 5 at one point.
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