Topic: Am I the Only One Who Forget The Innovation of Bitcoin ? (Read 699 times)
Really wonderful article, there are many wonderful features and characteristics in Bitcoin that we do not know and have not discovered yet, this article explained all of this strongly, unfortunately most people think that Bitcoin is just a currency on the Internet that you can sell on exchanges or send to someone else, this is not true at all, Bitcoin is a complete revolution on the entire old financial system and an Innovation that will change the face of the world. We have to spread the Bitcoin culture so that people can understand the tremendous power that Bitcoin possesses.
I've studied a lot about bitcoin so I don't usually forget the innovations of the leading cryptocurrency. Actually, those innovations become useful to use when time we're struggling on a project study, blockchain is what of the complex topic you can start with. The bitcoin community is developing daily so more people are getting interested in it, more research, improvements, and such. Bitcoin is always being mentioned in my environment at my university, even in economics, it was a useful topic to discuss finance.
No, you're definitely not the only one. It's just that these innovations have become commonplace.
become common place or become a thing on the past because people forgot that btc have innovations but people now sees bitcoin as an easy money , as a safe haven for their money , as an asset , and etc ...but good thing that we have a friend to remind us that btc once have all those innovations .
i didnt forget some of the innovations that btc have but i was not aware that btc have them but now that i know , i am also going to remind my colleagues . lets make btc great again
In my opinion the potential of Bitcoin is much improved. Its popularity in decentralized transactions is growing and bitcoin is being invented in new ways that are having an impact on the economy. Many are safe for transactions and traders are reaping many benefits through investing. It is being developed with technology. There are many reasons for unsafe platforms not to be private. These sites need to be well researched Then it is possible to know the exact information of its key and fast innovation.
Dear Customers,
We are able to sell your keys fast on popular platfroms.
We have already 5 ways to sell keys worldwide.
If you have any keys xbox, psn, etc we are able to provide you fast payment
and also sold your keys very fast to dicent customers.
We are able to sell your keys fast on popular platfroms.
We have already 5 ways to sell keys worldwide.
If you have any keys xbox, psn, etc we are able to provide you fast payment
and also sold your keys very fast to dicent customers.
Lol ,Trolling is not as effective now ,because even trolls from the past is a Bitcoin investors today.
Just wait till you hit the floor,for sure you'll forget about this belief.
there is some ways to not having private key for unsafe platforms,for storing your coins because Innovation is happening .
I believe in bitcoin's limitless potential but it is evidently bound by the current rules and regulations, as well as the economy of the world which it circulates in. Given the time, bitcoin will indeed be able to compete against traditionaly payment methods and will be able to come out on top, the classic bitcoin way. It's only a matter of time and technology before this happens, and we all know these two things come by pretty quick
But bitcoin had proved a lot of things today. As we all know even it is unstable and decentralized, bitcoin able to achieve the greatness. Yes, it is true that it affects the economy of the world for being it's decentralized. No one even the government able to control the bitcoin. But today, it has a lot more role of bitcoin in our world. In terms of onlie transactions, bitcoin controls a less hassle transactions that gives the user a good and easy experiences. Who knows? Bitcoin might be experience or reach a lot more innovation in the next few years. We'll see.
I believe in bitcoin's limitless potential but it is evidently bound by the current rules and regulations, as well as the economy of the world which it circulates in. Given the time, bitcoin will indeed be able to compete against traditionaly payment methods and will be able to come out on top, the classic bitcoin way. It's only a matter of time and technology before this happens, and we all know these two things come by pretty quick
U really think there's the only one guy? Doubt that. Probably group of ppl did that for some economy purposes
I just want to say that before starting to invest in bitcoin then we should at least know the innovation.
Especially if we're gone for a long period of time, the updates concerning cryptocurrency should be considered. For example, if we are using an old wallet account, if there will be a new wallet that we don't know yet, the advantage of the wallet will be disregarded as we are still using the traditional. Updates concerning networks would also be a good thing to study. It is about keeping up with the innovation to make our investment in bitcoin profitable.The main purpose of bitcoin is not as an investment asset but to become a global currency.
Though it is not written on the white paper of bitcoin, I highly believe that Bitcoin has the capability of becoming a global currency despite of its volatility. It doesn't mean that every transaction should be in Bitcoin but to allow the world to transact through one crypto which is Bitcoin. And I bet that is already working now.
thank you, I am too,
i was quite surprised back then when the fee and speed of transactions was improved after hard-fork.
when the price was at 3000 and transaction fee is about $3, not so much but when price up to 20k, quite a lot of fee when you just want to make small money transaction. and speed at that time was not really good,
but now, fine for me
i was quite surprised back then when the fee and speed of transactions was improved after hard-fork.
when the price was at 3000 and transaction fee is about $3, not so much but when price up to 20k, quite a lot of fee when you just want to make small money transaction. and speed at that time was not really good,
but now, fine for me
~snip
I just want to say that before starting to invest in bitcoin then we should at least know the innovation. The main purpose of bitcoin is not as an investment asset but to become a global currency. In its journey, users are competing to make bitcoin an investment asset that is quite profitable even though the volatility is very high.The thing to remember is, bitcoin is not just a profitable investment asset because there are many other innovations that have been adopted by large companies.
~snip
we should be critical of developers not 'trusting' of developers
Understand, you have increased my ability to think in this matter. we should be critical of developers not 'trusting' of developers
Experience is more valuable than theory, which is why people may not always trust developers. I am trying to find out the pros and cons of bitcoin innovation from your now.
~snip
we should be critical of developers not 'trusting' of developers
Understand, you have increased my ability to think in this matter. we should be critical of developers not 'trusting' of developers
Experience is more valuable than theory, which is why people may not always trust developers. I am trying to find out the pros and cons of bitcoin innovation from your now.
~snip
Bitcoin cannt be falsified, this makes me and others trust in bitcoin. So far, what I know is bitcoin has provided a good level of security for users, giving full control and so on. If something happens like losing a private key, stolen, or erased accidentally, then it looks like its a user error.because history has shown that it is possible
The fact is that many people still doubt the security of bitcoin. I think its natural, because anyone will know that saving a large amount of money on bitcoin and when money or bitcoin is lost then they dont get any insurance. Losing a private key is the same as losing money.
Can we say this is the weakness of bitcoin innovation ?
people should always doubt and be critical, and be reviewing code and finding bugs constantly. because as soon as people just become complacent and just have trust/faith. thats when bad things happenCan we say this is the weakness of bitcoin innovation ?
your trying to turn the risk of developer centralisation to be about private key personal loss/forgetfulness. just shows the sentiment is still trying to sway away and be vague/ignorant of the real issues.
private keys is not the network security risk. the coins are distributed not centrally hoarded. but the RULES decisions are centralised to one group
the sentiment tries to sway developer risk to network away from talking about developer risk by trying too get people to worry about PR guys that dont code, worry about pools that cant change the rules, worry about private key and individuals stupidity. but still not grasping the networks real risk that people should be critical of is the developers.
we should be critical of developers not 'trusting' of developers
~snip
Bitcoin cannt be falsified, this makes me and others trust in bitcoin. So far, what I know is bitcoin has provided a good level of security for users, giving full control and so on. If something happens like losing a private key, stolen, or erased accidentally, then it looks like its a user error.The fact is that many people still doubt the security of bitcoin. I think its natural, because anyone will know that saving a large amount of money on bitcoin and when money or bitcoin is lost then they dont get any insurance. Losing a private key is the same as losing money.
Can we say this is the weakness one of bitcoin innovation ?
Trust and integrity
Bitcoin offers solutions to many of the trust problems that plague banks. With selective accounting transparency, digital contracts, and irreversible transactions, Bitcoin can be used as a ground to restore trust and agreement. Crooked banks cannot cheat the system to make a profit at the expense of other banks or the public. A future in which major banks would support Bitcoin could help to reinstate integrity and trust in financial institutions.
Resilience and decentralization
By way of decentralization, Bitcoin created a different type of payment network with an increased level of resilience and redundancy. Bitcoin can handle millions of dollars in trades without requiring military protection. With no central point of failure such as a data center, attacking the network is difficult. Bitcoin could represent an interesting step forward in securing local and global financial systems.
Bitcoin offers solutions to many of the trust problems that plague banks. With selective accounting transparency, digital contracts, and irreversible transactions, Bitcoin can be used as a ground to restore trust and agreement. Crooked banks cannot cheat the system to make a profit at the expense of other banks or the public. A future in which major banks would support Bitcoin could help to reinstate integrity and trust in financial institutions.
Resilience and decentralization
By way of decentralization, Bitcoin created a different type of payment network with an increased level of resilience and redundancy. Bitcoin can handle millions of dollars in trades without requiring military protection. With no central point of failure such as a data center, attacking the network is difficult. Bitcoin could represent an interesting step forward in securing local and global financial systems.
i would say thes categories are very much in question and written in a vague manner to hide the risks to the categories
the DISTRIBUTION of the data and private keys makes it difficult to cheat the system of funds. as people dont/shouldnt share private keys
but the CENTRALISATION of the coding decisions by one central group makes it easy to cheat the rules and change the rules the network follow
and yes all 'indpendant' nodes do FOLLOW one set of rules. there are not independant rules each person has that are diverse
and yes the rules are decided by a central group not the independant network. due to some of the backdoors added in 2015-2017 that made it possible
Some time ago, I tried asking someone about the title of the topic that I had created. I feel interested in changing the title of this topic so we know what the shortcomings behind bitcoin innovation are as mentioned in the OP. There are 12 Bitcoin innovations mentioned above.
What is your opinion ? Rename of the topic or continue the discussion.
What is your opinion ? Rename of the topic or continue the discussion.
~snip
if I was you I will rename the topic title as "The latest human innovation: Bitcoin - Pros and Cons". ~snip
if I was you I will rename the topic title as "The latest human innovation: Bitcoin - Pros and Cons". ~snip
Great post - really good read and definetly looks like you put a lot of time into it, although I do disagree with some of your points.
Crowdfunding - don't see how this is a valid point, you could really crowdfund with anything and Bitcoin doesn't really bring anything new to the table here. I'd actually prefer for most of the ICOs and IEO's to be fiat - will be much easier to track then.
Other then that, I agree with you regarding the last couple of features, great structuring.
Crowdfunding - don't see how this is a valid point, you could really crowdfund with anything and Bitcoin doesn't really bring anything new to the table here. I'd actually prefer for most of the ICOs and IEO's to be fiat - will be much easier to track then.
Other then that, I agree with you regarding the last couple of features, great structuring.
I do not think it is his/her own work, because he quoted the source.
The thing is, the demographic of the Bitcoin community changed a lot after the 2017 spike in the price. A lot of speculators took notice of the spike in the price and how much profits could be made and they entered the scene. These speculators could care less about the innovation, because they just want to make a quick profit. 
The early investors are the people who recognize the innovation and they are the people who are building and improving the ecosystem that surrounds it.
You could argue that with a lot of things though, whenever something goes up in price, or a lot of money gets involved, people start getting greedy and are more attracted to the monetary side of things, but I still believe bitcoin's true core and the way the coin is designed and is operated to this day, mostly remains true to itself. The early investors are the people who recognize the innovation and they are the people who are building and improving the ecosystem that surrounds it.
Hasn't this still been pretty true, even right now? Bitcoin was built to be a safe and transparent payment method that offered decent anoymity to the users (not XMR level though) and most of the statements make sense so far to this date.
I will say some aspects have changed though, mostly due to the big money that has come in and is still coming into Bitcoin, and how much adoption it's faced throughout the years, a lot of people's opinion on Bitcoin and crypto-currencies is that it's a method where they can make money, not a payment method, not a storage of value, just a quick way to get a couple bucks.
I will say some aspects have changed though, mostly due to the big money that has come in and is still coming into Bitcoin, and how much adoption it's faced throughout the years, a lot of people's opinion on Bitcoin and crypto-currencies is that it's a method where they can make money, not a payment method, not a storage of value, just a quick way to get a couple bucks.
To be honest lately I have forgotten the innovation of bitcoin, because of busy trading and a lot of business in the real world.
After opening this thread and reading on the OP I am reminded again of innovation of bitcoin, thank you for sharing in this
forum. A lot of people believe that bitcoin is the future, because with the presence of bitcoin in life bring a lot of innovation to
mankind. So everyone should understand that there is innovation in bitcoin.
After opening this thread and reading on the OP I am reminded again of innovation of bitcoin, thank you for sharing in this
forum. A lot of people believe that bitcoin is the future, because with the presence of bitcoin in life bring a lot of innovation to
mankind. So everyone should understand that there is innovation in bitcoin.
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