Re: How did you first hear about bitcoin?

Mikez

I heard about bitcoin not because I was surfing on the net, I heard about it by luck because one of my friends since a long time dealt with it and so one day, he showed me bitcoin and when I discovered it, I was so impressed and I immediately wanted to be in the adventure too. Since that day I try to spend time on this forum as much as I can.

in fact there are many people who hear bitcoin from their friends. if all bitcoin users to invite all or one of their friends to join using bitcoin. bitcoin adoption would be brought forward

But the problem here is that some people introduced bitcoin wrongly. They open introduced it as some sort of magic money LOL. Where if a person rush into buying bitcoin will make them rich. Reason why other people look at bitcoin as one ponzi scheme.

yes that is right those people who do not have knowledge about bitcoin they cannot explain bitcoin in a good way, in fact they do not know about the way how to introduce bitcin among the people.

If you don’t have good knowledge of bitcoins and if you don’t have good convincing power then its better not to introduce them to people around you as if you mislead them by giving false information then it can create a negative image of bitcoins in the minds of people.

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mobilestrike

I heard about bitcoin not because I was surfing on the net, I heard about it by luck because one of my friends since a long time dealt with it and so one day, he showed me bitcoin and when I discovered it, I was so impressed and I immediately wanted to be in the adventure too. Since that day I try to spend time on this forum as much as I can.

in fact there are many people who hear bitcoin from their friends. if all bitcoin users to invite all or one of their friends to join using bitcoin. bitcoin adoption would be brought forward

But the problem here is that some people introduced bitcoin wrongly. They open introduced it as some sort of magic money LOL. Where if a person rush into buying bitcoin will make them rich. Reason why other people look at bitcoin as one ponzi scheme.

yes that is right those people who do not have knowledge about bitcoin they cannot explain bitcoin in a good way, in fact they do not know about the way how to introduce bitcin among the people.

If you don’t have good knowledge of bitcoins and if you don’t have good convincing power then its better not to introduce them to people around you as if you mislead them by giving false information then it can create a negative image of bitcoins in the minds of people.

You are right these kind of people often come harmful for bitcoin rather than beneficial promoters. If they cannot explain well bitcoin because of lack of knowledge then they only have to suggest to them to study about bitcoin from internet.

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Internet of Coins join the storm! https://coinstorm.net

duuuuude

I heard about bitcoin not because I was surfing on the net, I heard about it by luck because one of my friends since a long time dealt with it and so one day, he showed me bitcoin and when I discovered it, I was so impressed and I immediately wanted to be in the adventure too. Since that day I try to spend time on this forum as much as I can.

in fact there are many people who hear bitcoin from their friends. if all bitcoin users to invite all or one of their friends to join using bitcoin. bitcoin adoption would be brought forward

But the problem here is that some people introduced bitcoin wrongly. They open introduced it as some sort of magic money LOL. Where if a person rush into buying bitcoin will make them rich. Reason why other people look at bitcoin as one ponzi scheme.

yes that is right those people who do not have knowledge about bitcoin they cannot explain bitcoin in a good way, in fact they do not know about the way how to introduce bitcin among the people.

If you don’t have good knowledge of bitcoins and if you don’t have good convincing power then its better not to introduce them to people around you as if you mislead them by giving false information then it can create a negative image of bitcoins in the minds of people.

You are right these kind of people often come harmful for bitcoin rather than beneficial promoters. If they cannot explain well bitcoin because of lack of knowledge then they only have to suggest to them to study about bitcoin from internet.

That’s right and once if they start thinking negative about bitcoins then it will become very difficult for to regain trust and may be they will avoid an idea of knowing bitcoins or using bitcoins even if it gives them best benefits.

bncbnc

I heard about bitcoin not because I was surfing on the net, I heard about it by luck because one of my friends since a long time dealt with it and so one day, he showed me bitcoin and when I discovered it, I was so impressed and I immediately wanted to be in the adventure too. Since that day I try to spend time on this forum as much as I can.

in fact there are many people who hear bitcoin from their friends. if all bitcoin users to invite all or one of their friends to join using bitcoin. bitcoin adoption would be brought forward

But the problem here is that some people introduced bitcoin wrongly. They open introduced it as some sort of magic money LOL. Where if a person rush into buying bitcoin will make them rich. Reason why other people look at bitcoin as one ponzi scheme.

yes that is right those people who do not have knowledge about bitcoin they cannot explain bitcoin in a good way, in fact they do not know about the way how to introduce bitcin among the people.

If you don’t have good knowledge of bitcoins and if you don’t have good convincing power then its better not to introduce them to people around you as if you mislead them by giving false information then it can create a negative image of bitcoins in the minds of people.

You are right these kind of people often come harmful for bitcoin rather than beneficial promoters. If they cannot explain well bitcoin because of lack of knowledge then they only have to suggest to them to study about bitcoin from internet.

That’s right and once if they start thinking negative about bitcoins then it will become very difficult for to regain trust and may be they will avoid an idea of knowing bitcoins or using bitcoins even if it gives them best benefits.

although in the beginning i was not thinking as negative about bitcoin but still i was not giving any preference to bitcoin and but after my friend insistnace i started giving preference to bitcoin and then i am happy with my decision.

samslap

Newbie

Offline

Activity: 7

I have a friend who’s always into new things from new apps, games, technology, etc. and he told me about bitcoin. I already understood that the central banking system was corrupt and felt that bitcoin had potential. I joined this forum back in 2015 to learn about bitcoin.

Xervo

Newbie

Offline

Activity: 16

I discovered bitcoin back in 2012 while searching on Google for a alternative to PayPal.

Yutikas_11920

I heard about bitcoin not because I was surfing on the net, I heard about it by luck because one of my friends since a long time dealt with it and so one day, he showed me bitcoin and when I discovered it, I was so impressed and I immediately wanted to be in the adventure too. Since that day I try to spend time on this forum as much as I can.

in fact there are many people who hear bitcoin from their friends. if all bitcoin users to invite all or one of their friends to join using bitcoin. bitcoin adoption would be brought forward

But the problem here is that some people introduced bitcoin wrongly. They open introduced it as some sort of magic money LOL. Where if a person rush into buying bitcoin will make them rich. Reason why other people look at bitcoin as one ponzi scheme.

yes that is right those people who do not have knowledge about bitcoin they cannot explain bitcoin in a good way, in fact they do not know about the way how to introduce bitcin among the people.

If you don’t have good knowledge of bitcoins and if you don’t have good convincing power then its better not to introduce them to people around you as if you mislead them by giving false information then it can create a negative image of bitcoins in the minds of people.

You are right these kind of people often come harmful for bitcoin rather than beneficial promoters. If they cannot explain well bitcoin because of lack of knowledge then they only have to suggest to them to study about bitcoin from internet.

To be able to provide an explanation against bitcoin then they too should be able to understand the bitcoin well, because without a good understanding of the explanation they gave would be useless or they just want to become someone who is boring. For those who just know something is definitely going to think negative first and once they understood well enough recently will understand about what we know or inform.

(Why?)

Published at Sun, 19 Mar 2017 15:06:15 +0000

[wpr5_ebay kw=”bitcoin” num=”1″ ebcat=”” cid=”5338043562″ lang=”en-US” country=”0″ sort=”bestmatch”]The Gap…
By antwerpenR on 2013-08-25 17:19:08

April 11, 2017

Bitcoin Companies Supporting SegWit UASF: 12, Opposed: 0

These companies are in favor of SegWit via a User Activated Sof Fork (UASF). No company has opposed it so far.

Who Supports UASF

Lately, there has been a lot of talk regarding the possible activation of a User Activated Soft Fork (UASF) in order to implement the SegWit proposal without the need to reach miner consensus. An early look at the companies that have so far taken a stand in regards to the UASF reveals that nine companies support the SegWit UASF, while two others are ready for it. The list is as follows:

Trezor (Ready)
Vaultoro (Ready)
bitcoin India
BitcoinReminder
Bitfury
BitKong
Coinkite
Freedom Node
JoinMarket
Samourai Wallet
Walltime

So far, no company has opposed the User Activated Soft Fork, although most companies have yet to input their stance regarding the subject. BitPay, for example, is not included and they have already announced their support for the UASF. During an episode of Let’s Talk Bitcoin! Bitpay CEO Stephen Pair stated:

The most important thing, I think, are the users; I really like the idea of a user-activated soft fork followed by a miner activation.

It is likely that most companies that support the SegWit soft fork or that are ready for it will take the same stance regarding the UASF since it seems to be the only plausible method of activating SegWit.

Bitrefill is joining the fellowship!
Support #UASF #bitcoin pic.twitter.com/x2RFWeIg1p

— Bitrefill (@bitrefill) April 11, 2017

//platform.twitter.com/widgets.js

With large mining pools like Bitmain supporting Bitcoin Unlimited, it is highly unlikely that SegWit will ever reach the required 95% miner approval threshold unless these pools change their mind on the update. And If the latest accusations regarding the Bitmain’s secret advantage are true, it is unlikely that they’ll even change their stance on SegWit.

What is a UASF?

A User Activated Soft Fork is a soft fork that does not require miner approval but counts instead on the nodes (users) to activate the soft fork themselves. This is done by releasing a new version of a bitcoin Client, in this case, Core. The client gives a block height limit in which the upgrade will become active.

Once the predetermined block height is reached, the nodes that have updated to the new client will stop accepting blocks that don’t support SegWit. Given that SegWit is a soft fork, the nodes that don’t upgrade to the new version of the bitcoin Core client (with UASF) will still count SegWit blocks as valid.

This method makes SegWit much more likely to be adopted when you consider that, currently, more than 83% (5774) of all Bitcoin nodes are running the bitcoin Core client.

If all of these nodes update to the new UASF client, miners will have no choice but to start mining blocks that support SegWit as these will be accepted by all the nodes, rather than only the ones that haven’t updated to the new bitcoin Core client.

UASF Risks

Although the UASF seems like a more effective strategy on paper, it comes with some risks for the community. For example, if the majority of miners don’t start mining SegWit blocks after the UASF is activated, a chain split will take place.

Different nodes will see different blockchains, according to the client they are running. Nodes that have not upgraded to the newest bitcoin Core client will see the blockchain without SegWit and the upgraded nodes will see the blockchain that supports SegWit.

Coinkite will be supporting #UASF #bitcoin https://t.co/QAd2gxmdfK pic.twitter.com/VkkBRfq6x9

— Coinkite (@Coinkite) April 11, 2017

//platform.twitter.com/widgets.js

This scenario is problematic for bitcoin Core, which has gone a long way to ensuring that SegWit could be introduced via soft fork. It would also mean that the blockchain with the majority of users (nodes) would be the most vulnerable one due to the lack of miners.

Another issue with the UASF is that the cost of setting up nodes is not nearly as good of an anti-Sybil system as bitcoin’s Proof of Work is, meaning that certain members of the community could start hosting nodes in order to support a UASF or to offer resistance to it. To some degree, this brings back the issue of economic power centralization that has been previously raised with regards to bitcoin Unlimited.

Will the UASF be successful, bringing SegWit to bitcoin once and for all? Or will something else get in the way once more? Let us know what you think in the comments below.

Images Courtesy of Coin.Dance, Twitter, AdobeStock

The post Bitcoin Companies Supporting SegWit UASF: 12, Opposed: 0 appeared first on Bitcoinist.com.

Re: How did you first hear about bitcoin?

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