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Discussion in 'Off-Topic' started by koolykg, Jan 15, 2016.
I see that bitcoin is seeing a drop in value. What are peoples thoughts?
i think bitcoin has some flaws in governance which is pretty centralised which keeps biting the community over and over and seeing its biggest impact right now. if another dev decides to leave then things will get really really bad.
I agree. I have a feeling that there is more to this story. Mike Hearn put out some bad information on bitcoin and has many people in a freenzy. He accomplished what he intended to do. Make people lose confidence in bitcoin
Indeed there has been a distrust in the market and the "Blackcoin BLC" which will be responsible for Mining in decred grew 12% while the bitcoin fell 14%.
I noticed other coins like Litecoin dropped in value along side Bitcoin. Is that unusual?
No, the correlation has always been quite high between BTC/LTC more so than with most other cryptos.
The creation of Decred has shown that many flaws nor had knowledge. And this leading to lost even more is not the main reason ... That moment should happen in the near future.
I've read enough information on the Internet and I'm sure that bitcoin has a great future. Take a look at this article: https://bitcoinbestbuy.com/. Sooner or later, real money will disappear. We will all use only cryptocurrency
Bitcoin is a type of cryptocurrency: Balances are kept using public and private "keys," which are long strings of numbers and letters linked through the mathematical encryption algorithm that was used to create them. The public key (comparable to a bank account number) serves as the address which is published to the world and to which others may send bitcoins. The private key (comparable to an ATM PIN) is meant to be a guarded secret, and only used to authorize Bitcoin transmissions.