Advantage of BITCOIN - page 15. | Bitcointalksearch.org

ishirut009

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Quote from: Phebz on February 06, 2018, 11:37:01 PM

Bitcoin allows money to be sent anonymously across a peer-to-peer global network, with no intermediaries needed to validate or process transactions. That has made it attractive to those who want to keep their identity secret, including those buying and selling illegal goods and services on the internet.

Yup. The advantage of cryptocurrency is, it is anonymous, decentralized, intangible and can do peer-to-peer whenever and wherever you are. That's it. And for the buying and selling of illegal goods and services. I don't think we can be able to solve that, because no one can really solve that. Even dollar or any form of payment can be use with illegal activities. Its the people not the payment form itself.

ichi ocha

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Quote from: Phebz on February 06, 2018, 11:37:01 PM

Bitcoin allows money to be sent anonymously across a peer-to-peer global network, with no intermediaries needed to validate or process transactions. That has made it attractive to those who want to keep their identity secret, including those buying and selling illegal goods and services on the internet.

Many people who use bitcoin just to get Bitcoin benefits can be sent to anyone anywhere in the world. Moreover, bitcoin offers many advantages by following promising projects because bitcoin has blockchain technology

imanasshole

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Transactional convenience: Any transaction has a limit on the transfer and receive money, but for bitcoin there is no limit. You can send unlimited number of bitcoins to your friends. No matter where they are in the world they will also receive. You can also send at any time no one can manage the amount you send.

juragankambing

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Bitcoin is also one of the most profitable investments because bitcoin has the potential to gain 1000x more or more,

gaguktnu

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The biggest advantage of bitcoin is its trust. Its distributed account can remove middlemen in economic behavior and greatly facilitate communication and cooperation among people.

carlisle1

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Campaign Management?"Hhampuz" is the Man

Quote from: Phebz on February 06, 2018, 11:37:01 PM

Bitcoin allows money to be sent anonymously across a peer-to-peer global network, with no intermediaries needed to validate or process transactions. That has made it attractive to those who want to keep their identity secret, including those buying and selling illegal goods and services on the internet.

you have almost praised bitcoin at first,but you kick back in the end..anonymity of bitcoin only keep safe the identity but not the transactions because it can be revealed at any time..and you right this can be use to buy illegal goods,but fiats can do the sa,so whats the difference?

JCLee

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Create one more topic to ask about advantage of Bitcoin is no needed cause there are a lot of the same topic created before in Bitcoin Disscussion section, you should find them in this section. Beside this is Altcoin Disscussion section so your topic is being in the wrong place so I think you should move this topic to Bitcoin Disscussion section where it should be.

cabin

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Another merit of Bitcoin is that there is very fewer fees and transactions cost as compared to another medium of transfer of currency, so for example if one wants to send $1000 from the USA to the UK than transaction cost and fees will be between three to ten percent of transaction whereas in case of Bitcoin it is less than 1 percent of the transaction value making it a cost effective option.

Dpat

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There are many advantages of Bitcoin. First of all it is anonymous in nature and it's transactions. Due to decentralized technology truly it is the currency of people and peoples are creating this and transacting this. But, nobody destroy it.

badykvik

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One of the pros of bitcoins is that it is fully secured and there is no chance of any identity theft because it does not reveal who is paying the money and who is the beneficiary besides due to the absence of any central bank individual has full control over his or her money.

AdamSv

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Quote from: americii241 on April 16, 2018, 05:54:43 PM

Bitcoin is a father of cryptocurrency!
It's the most stable, the trasactions are fast, commission are low and other technological advantages

Commission it is not the lowest, the speed is also not the highest. He has only one plus, the fact that he is truly decentralized. The rest of the currency somehow, Yes is controlled, and bitcoin is already completely Autonomous.

leynylaine

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Bitcoin is essential to all of the users worldwide since it's been put into good use such as fair transactions has stable market however it still depends on the number of investors and the amount of supplies bought by the people to increase or decrease the value of it.

Nyo hai

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Very many advantages because bitcoin is global but very keep secret all people

vike

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The technology that bitcoin uses has many mistakes and is not the best, but the main advantage is that it is entrenched in the 1st place of the crypto currency market and many people invest in it which increases the supply and demand Cool

btccoffee

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kingcasino.io

There are so many big advantage in crypto currency specialy in faster transactions and safe anywhere in the world also you can send no limit to anyone anywhere in the world as long as there is enternet. And the biggest disadvantage in crypto currency is offline transaction since crypto currency need internet connections unlike fiat money that you can easily transact offline.

clavirda

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Quote from: Phebz on February 06, 2018, 11:37:01 PM

Bitcoin allows money to be sent anonymously across a peer-to-peer global network, with no intermediaries needed to validate or process transactions. That has made it attractive to those who want to keep their identity secret, including those buying and selling illegal goods and services on the internet.

Personally, bitcoin has important advantages for me. Including relative stability, high transaction speed, lower cost of transfers. In this case, transactions are completely anonymous, unlike banking transactions.

BitcoinTurk

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Quote from: Phebz on February 06, 2018, 11:37:01 PM

Bitcoin allows money to be sent anonymously across a peer-to-peer global network, with no intermediaries needed to validate or process transactions. That has made it attractive to those who want to keep their identity secret, including those buying and selling illegal goods and services on the internet.

There are many advantages of using bitcoin when compared to the use of cash. The reasons such as being able to perform transactions with anonymous identity, not having any brokerage house, fast execution of transactions and low commission can be listed. As an example, I made a payment of 500 USD yesterday using Bitcoin. With just 0.26 USD miners' commission, the payout reached the opposite side in as little as 15 minutes. If we had used 2 different banks, it would have to wait at least 3 working days. (Banking transactions are slow in my country.)

vladaziya1

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This is a black market, it is always unpredictable, so you need to stick to it, because it is dangerous for the general market. Always think about it.

Whosdaddy

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Quote from: SunJAB on April 11, 2018, 05:17:38 AM

Yes, if BTC is applied in daily life, the BTC has many benefits for us. We can do BTC conversion quickly, without much time, but still a lot of risk from the hackers. BTC has two sides.

A whole lot of benefit that we have not even seen yet as far as I am concerned. Are we to talk about the way it has ease the level of transaction globally among peers and users, or the idea of decentralization that has removed us from the bondage of the banks and the fact that you can save your funds without the need of doing that with a third party. All this makes it very enticing and appealing. It would even get better once bitcoin becomes usable as a currency when we hit the mainstream.

Quote from: americii241 on April 16, 2018, 05:54:43 PM

It's the most stable, the trasactions are fast, commission are low and other technological advantages

Most stable in the sense of entire system like free from hacking and no-shut down problem and I believe you did not mean the prices. Transactions are instant but first confirmation may take up to ~10 minutes. Fees are now a days slashed down due to segwit implementation. I must agree with other innovations bitcoin has brought into human race. There are many, but definitely those are the real advantages of bitcoins.

americii241

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Bitcoin is a father of cryptocurrency!
It's the most stable, the trasactions are fast, commission are low and other technological advantages

Topic: Advantage of BITCOIN - page 15. (Read 2908 times)