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SkylineIBM5100

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  1. Agree
    SkylineIBM5100 reacted to BuckGup in Final Formal survey of Bitcoin Adoption   
    Very well written survey I may add. Finished it
  2. Like
    SkylineIBM5100 got a reaction from Bananasplit_00 in Final Formal survey of Bitcoin Adoption   
    Sorry about leaving the under 18 option blank dear buddy. I know there are more younger people interested in technology than older ones, but due to the limitation set upon us researchers by this subject guide, I can't have offer this option. However your opinion will be mentioned in my limitation part, hopefully our professors panel can understand the situation. Thanks for commenting.  
  3. Agree
    SkylineIBM5100 reacted to Geralt in Final Formal survey of Bitcoin Adoption   
    Done again.
  4. Agree
    SkylineIBM5100 reacted to Teddy07 in Final Formal survey of Bitcoin Adoption   
    done
  5. Informative
    SkylineIBM5100 reacted to ImNotThere in Final Formal survey of Bitcoin Adoption   
    just some feedback
    i feel as if having 1-5 to allow people to sit on a fence
    question 3, 4 and 5 are extremely similar, you could simply cut it too 2 questions
    questions 14 and 18 are the same questions
     
  6. Agree
    SkylineIBM5100 reacted to Geralt in Adoption of Bitcoin Research Survey (Data collecting stage)   
    Not a problem at all. Glad to help!
     
    Cryptocurrency is really interesting to me because of the technology that's behind it like scrypt since I'm majoring in Cyber Security & Forensics. The security behind Cryptocurrency is very fascinating.
  7. Agree
    SkylineIBM5100 got a reaction from DutchTexan in Adoption of Bitcoin Research Survey (Data collecting stage)   
    Thats quite informative, a assessment software that analyze whether a system is suitable for mining which Digital Coin, I'd say I foresee a lot more "support" system or software that facilitate cryptocurrency.  I gotta say when I saw Ethereum first time, I have no clue what it was, looks very complicated. But it does seems a good concept offering a blockchain platform, it has some potential. 
     
    Thank you very much for your personal perspective on Bitcoin! I'd seem to get that answer a lot, so I've insert it to the final version of survey. Really appreciated for your frank feedback.  
  8. Like
    SkylineIBM5100 got a reaction from DutchTexan in Adoption of Bitcoin Research Survey (Data collecting stage)   
    Frankly speaking I would prefer to extend the age scale down to like 14 or 15, but our research panel of Professors set the guideline for the demographic data, apologies for those who feel a bit left out, nevertheless, I will report the findings of data collecting issues, raise the awareness of the current situation. 
     
    So it seems, a speculating tool, the risk is definitely on par with 2nd/3rd tier stocks. 
     
    Sure, it would certainly be part of the further studies of cryptocurrencies. As this time I scope down on Bitcoin as the core subject interest.  
     
    Thank you DutchTexan!
     
  9. Informative
    SkylineIBM5100 reacted to DutchTexan in Adoption of Bitcoin Research Survey (Data collecting stage)   
    If you are going to limit the high income selector to $3,500/month, then I think you should have broken the age groups down a few more times for minors.
     
    I agree with @Geralt I don't mine bitcoin directly, but I do acquire bitcoin indirectly through mining or straight up buying. Very few miners actually mine bitcoin. Also, exchanges of digital currencies are a major factor. Volatility of BTC behaves more like a stock than currency. Especially, considering how exchanges operate.
     
    In the future, I would have asked about what hardware we are working with and asked something about the other notable coins out there (litecoin, ethereum, bitcoin cash, Zcash, Monero, dash, ripple, NEO, IOTA) or a few of the major ones with several trillion dollar market caps.
     
    Good luck
  10. Informative
    SkylineIBM5100 reacted to Geralt in Adoption of Bitcoin Research Survey (Data collecting stage)   
    I mine whichever is profitable at the moment even though my hardware's not cut out for mining haha. I use whatttomine.com to figure out what currency to mine based on the hardware I own. I'm currently mining Monero (XMR) as I feel that Ethereum (ETH) is way too difficult to mine for just a 980Ti.
     
    Also, some feedback which I feel that I should add about bitcoins in your survey (you didn't have a comment section where I could add these comments) is that Bitcoins in my opinion is not profitable for hobby miners like me who just makes use of computer hardware to mine due to ASIC miners saturating the network and also, my responses might be biased since I view Bitcoins (and cryptocurrency) not as funds but rather like stock where people buy, sell and trade much like the real stock exchange.
  11. Informative
    SkylineIBM5100 reacted to TVwazhere in Adoption of Bitcoin Research Survey (Data collecting stage)   
    I filled it, though I'm not a bitcoin user/data miner in anyway (also though it doesnt affect me, the only education options went as low as college degrees, many people on the forums are under 18 and haven't graduated High school)
  12. Agree
    SkylineIBM5100 reacted to Geralt in Adoption of Bitcoin Research Survey (Data collecting stage)   
    I filled it up even though I don't mine bitcoin but rather altcoins. Good luck in your research!
  13. Like
    SkylineIBM5100 got a reaction from DutchTexan in Crytocurrency- Bitcoin Research   
    Whoa! Thats a lot of stuff! Looks like the "value" came from a more complex deeper level. Interesting aspect indeed. 
    Thanks a lot for the web links for the market price for digital currencies! 
     
    Yeah, I agree with that statement, to fully understand something you would have to go way deeper and viewing it in multiple angle. ;-) 
  14. Informative
    SkylineIBM5100 reacted to Unimportant in Crytocurrency- Bitcoin Research   
    1) Bitcoin was meant as competition against government fiat money, a form of digital gold if you will. This little 4 minute video explains a lot if you're unaware of the evils in our current funny money system: https://www.youtube.com/watch?v=pCCNNBr4CPk
    So at the moment I speculate in bitcoin (and altcoins) and keep the bulk of the profits in bitcoin (and a bit in actual gold
     
    2) Governments will eventually see this as a threat and try and take it down or tax it dry.
     
  15. Informative
    SkylineIBM5100 reacted to SCHISCHKA in Crytocurrency- Bitcoin Research   
    when you look at oil states trying to break away from USD, they are not making a crypto currency. They are going for a gold standard or the yuan. It is an internet currency, a dark web currency. I have my doubts it is practical enough to be used for day to day spending. If it's inflation could be reduced to match a conventional currency then maybe it could replace credit cards, but if its volatility could be reduced it still would not replace cash.
  16. Informative
    SkylineIBM5100 reacted to DutchTexan in Crytocurrency- Bitcoin Research   
    1. The decentralized(fuck government) nature and relative anonymity
     
    Many interpret anonymity as, "Broo I can order cocaine and an eastern European sex slave off the deep web!" Which, yeah, you could if you knew what you were doing. However, it can also be seen as a way to entertain a truly free market in regions where they otherwise could not exist. The anonymous nature of cryptocurrency is real to the individual user. The anonymous nature is not real to the currency itself; if there was a 200BTC transaction somewhere in the world, everyone who cares would know about it. The value of the currency comes from the encryption and technology itself combined with speculative value via an essentially global, instant market. So, it's extremely closed where it needs to be and open where it needs to be at the same time, if that makes any sense.
     
    One can look up and trace exactly how much is being used and how many translations are taking place. For example, something I look at every now and then: https://blockchain.info/ Same thing goes with actually mining whatever coin, there are ways to see what blocks are being mined and where the currency is in that regard. This is another positive in my mind, because it makes investments very easy. For example, here you can look at, basically, the 1,119 cryptocurrencies that are 'circulating' I guess: https://coinmarketcap.com/ you can watch the market and even trace the volume through specific exchanges, which county is buying the most 'xyz' today.
     
     
    2. Volatility can be a negative, speculation, depending on point of view. Mining affects GPU, PSU and even high end motherboard prices, so everyone hates everything about it because of the demand for those pieces of hardware. Most importantly, cryptocurrencies are just difficult to fully comprehend. It's still a very new thing for society, government, technology, business and finance. Blockchain technology will change the world, if we all understood it. Honestly, with digital currencies, I don't think I really know what the fuck I am talking about. I have used bitcoin, ethereum, litecoin, zcash, bitcoincash and dash, but I really don't know much outside of just trying to make a buck, like everyone else.
     
    I don't think anyone really understands cryptocurrency. 
  17. Agree
    SkylineIBM5100 got a reaction from DutchTexan in Crytocurrency- Bitcoin Research   
    Right, so its been like alternative financial investment instrument, I've seen similar feedback on this part. Seems like it is not stable enough (at the current state) to be use as "money" function under normal environment IRL. 
  18. Agree
    SkylineIBM5100 reacted to quiffghtyu in Crytocurrency- Bitcoin Research   
    1) Anonymous payments for hardcore drugs.
     
    2) I can't buy any AMD graphics card for a decent price for the rest of my life.
  19. Informative
    SkylineIBM5100 reacted to SCHISCHKA in Crytocurrency- Bitcoin Research   
    1. buy drugs
    2. it is not a true currency but more of a stock or commodity. It behaves like a stock, it is used like a stock. Anyone can start a crypto currency, so when Bitcoin gets too pricey, it will crash and people will move to a different currency. Its volatility means you will never use it to buy a loaf of bread.
  20. Informative
    SkylineIBM5100 reacted to minervx in Crytocurrency- Bitcoin Research   
    1) Bitcoin is used by people who want a private currency to compete against public currencies.  They can be used to make certain stigmatized or illicit transaction difficult to trace.  They are viewed by some as a more reliable store of value than a government-issued currency because cryptocurrencies can't just be printed en masse.  Devaluation of currency is seen as less of a risk for bitcoin.  Some people want to invest in Bitcoin purely to speculate on the price like the stock market.
     
    2) The concerns of bitcoin: The possibility that it crashes all of a sudden.  The effect it has on diverting resources from the graphical processing industry.  In general, it's the lack of certainty because we've never had anything like before in human history.
  21. Informative
    SkylineIBM5100 reacted to Blackhole890 in Crytocurrency- Bitcoin Research   
    1.- pay/recieve anonymously
    2.- overpriced
  22. Informative
    SkylineIBM5100 reacted to ImNotThere in Crytocurrency- Bitcoin Research   
    1) as mentioned its anonymous
    2)the price can literally crash overnight 
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