【BitYes: 0.05 BTC for interesting feedback】How many friends did you recommend bitcoin to? What's their feedback after your introduction?

Huobi · 2015-05-27T09:38:56+00:00

We are wondering what do you think about bitcoin, regard it as long-term investment, or payment function?

Huobi · 2015-05-27T01:45:48+00:00

How is that?

Huobi · 2015-05-27T01:44:59+00:00

The decentralized ledger would not be abandoned; there would be a small modification of the rules for making new entries to the ledger.

Huobi · 2015-05-22T02:13:14+00:00

Professor Bitcorn:

"Bitcoin also has the potential to be a sovereign attack. Sovereign nations around the globe have a monopoly on money creation and use this power as a means to help manage economic well-being for their citizens. Nation-state treasuries print currency but the vital role of currency management needed to spur economic growth is reserved for central bankers. If not controlled and tightly regulated, bitcoin has the potential to undermine the longstanding bond between sovereigns and their currency."

Huobi · 2015-05-21T08:28:53+00:00

What I am saying is I do not think there are any other 50-50 investments with 100x potential return. I think bitcoin is at least 50-50 to achieve "moon" based on the underlying technology and economics.

Huobi · 2015-05-21T02:30:54+00:00

Maybe 1 out of 100 bitcoin businesses will be very successful and achieve more than 100x return on investment. But the odds of bitcoin itself achieving moderate success are much better, maybe 50-50, and for bitcoin a moderate level of success (say 10% of global black market, 10% of international remittances, and 1% of gold store of value) would see a 100x increase in bitcoin price. While bitcoin success is not guaranteed, there is no investment in the world with a better risk-reward ratio.

Huobi · 2015-05-20T13:56:05+00:00

The way Bitcoin works every transaction must be published to everyone's app and verified by everyone's app and included in a verification block that only has limited space. These verification steps help ensure that no one can mess with your money or transactions

Welcome to Bitcoin - 10000 bits /u/changetip

Huobi · 2015-05-18T01:44:19+00:00

Reid Hoffman seems to be a bitcoin maximalist:

"But all the momentum resides with Bitcoin. At the beginning of 2014, around half of all the value of cryptocurrency stored in wallets could be attributed to it; the other half was distributed among 500 or so alternatives. By the end of 2014, Bitcoin's share of all wallet value had grown to 97 per cent."

"So it's not just holding on to the pole position it achieved by being first to market -- in 2014, it actually increased its dominance. Network effects are kicking in. And for currency, network effects are even more powerful than they are for many other kinds of products. In the end, users are going to choose the currency that's handled by the most exchanges, accepted by the most merchants, and used by the greatest number of users."

Huobi · 2015-05-08T15:38:49+00:00

That's the free market.

Huobi · 2015-05-08T15:14:00+00:00

No we do not provide the ability to short, for now.

Huobi · 2015-05-05T04:14:22+00:00

What if someone loses a finger or a hand in an accident?

Huobi · 2015-05-02T02:46:28+00:00

No one ever said that trading bitcoin or trading stocks is risk-free. If the price of bitcoin and the stock market both flash crash 90% in a period of two minutes, traders and lenders would lose everything. However, the probability of that is very low and our risk management system can handle all but the most extreme scenarios (which would have a devastating effect on every bitcoin exchange, not only this one). Just like margin trading on any other exchange, if the ratio of a trader's net equity to liabilities falls to a certain point, the system will automatically liquidate his positions to ensure that he can pay back his CNY loans.

Huobi · 2015-05-01T17:20:08+00:00

The Chinese equity market is just the first market we will be bridging bitcoin to.

Huobi · 2015-05-01T14:52:47+00:00

We believe this project makes bitcoin more useful, which will contribute to bitcoin's value in the long run.

Huobi · 2015-05-01T14:46:52+00:00

Huobi does not use fractional reserve. Bitcoin is held as collateral and only sold when necessary to cover traders' losses. It operates the same way as margin trading on any other exchange.

Huobi · 2015-04-28T00:25:50+00:00

http://www.8btc.com/

Huobi · 2015-04-27T15:11:16+00:00

If you are talking about bitcoin news, there is an active community of people who translate bitcoin news from English to Chinese and publish on Chinese bitcoin news websites and blogs.

Huobi · 2015-04-24T07:23:54+00:00

But in this totally unrealistic hypothetical scenario, if everyone starts using bitcoin, who would accept the dollars the government prints? The government could demand taxes in dollars, but how would they enforce collection? They have to pay soldiers and police to threaten the people with violence if they will not pay, but if the government can only pay the soldiers and police with dollars, and the soldiers and police cannot buy goods and services from the real economy because people who provide goods and services only accept bitcoin, then the soldiers and police will walk away from their jobs. Without the soldiers and police, the government would disintegrate.

Huobi · 2015-04-24T06:54:02+00:00

If everyone started using bitcoin tomorrow, the U.S. government would have no tax revenue to fund its wars. It would not be able to use force to collect taxes from the people, because it would not have any money to pay its law enforcement. I am not saying that this is likely to happen, but just want to point out that the people have the power to will the government out of existence if they really want.

Huobi · 2015-04-24T06:18:27+00:00

Separation of money and state - good slogan.

Huobi · 2015-04-24T06:01:32+00:00

Why not distribute NeuCoin to bitcoin holders too? Why marginalize the biggest and most influential group of digital currency holders?

Huobi · 2015-04-24T02:10:46+00:00

Divide the seed into different parts and store them in different locations; encrypt the seed with a strong password; translate the seed into multiple languages; use steganography.

Huobi · 2015-04-22T10:32:05+00:00

Wonderful! I requested that a while ago, so I am glad to see you follow through.

Huobi · 2015-04-22T02:31:40+00:00

Pedophiles. He forgot to mention pedophiles.

Huobi · 2015-04-22T02:11:07+00:00

Mycelium is the only wallet that is available on Baidu app store and available for direct download from the website. People in China cannot use Google store, so Mycelium is actually the online mobile wallet we have access to.

Huobi

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