Are we about to redefine money again with Bitcoin? - page 2.

williamcastaneda

newbie

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Quote from: Arne9131 on July 27, 2018, 03:55:06 PM

I tried to articulate why cryptocurrencies would be the future and redefine money again. The article talks about how and why money took the shape we have today, and how and why cryptocurrencies can also take that shape.

Please provide feedback if you have 10minutes. Clap and share if you find it interesting.

https://medium.com/@anvay.rane/are-we-about-to-redefine-money-again-4bed5344ebaa

if the state does not prohibit bitcoin and the answer is yeah bitcoin can redefine the money already spread in that country

sublime5447

legendary

Activity: 966

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Quote from: renes on July 27, 2018, 04:32:38 PM

Good article, with bitcoin the money will be redefined because it is not an simple technology but it is revolution, it changes everything related to money.

Not just on money, but also on the economic, technological, and most importantly our mindset system. Bitcoin may never be able to replace FIAT but at least Bitcoin able to be the platform of online transaction for international use.

hometester

sr. member

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how fast can we see bitcoin as a common currency? I doubt it. but the fact that bitcoin is a phenomenon-definitely

sitnibtc

newbie

Activity: 84

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No i don't think so. Fiat money will stay as it is. With crypto we are just intoducing a new kind of money, which will coexist with the existing kind. A new kind of currency.

lungu113

newbie

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Redefining money with bitcoin is impossible because first, people in the world used money for daily life and bitcoin only used by few people. Few people means its not yet 50% of the world population knows bitcoin.

Arne9131

jr. member

Activity: 33

Merit: 1

Yes, we do have an opportunity to change the monetary system for betterment.

Findingnemo

hero member

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Merit: 793

Bitcoin = Financial freedom

we are still in the early stages of crypto currencies so it takes lot of time for the people to understand about the technology and then will use it.But the invention of the crypto currencies is a revolutionary thing and it can change the future of money system.

Arne9131

jr. member

Activity: 33

Merit: 1

Quote from: hdueuieo123 on July 30, 2018, 05:51:05 AM

Interestingly enough, Bitcoin's vitality is still a dazzling fire, depending on the economic fluctuations that the flame can emit or weaken. However, it has never been off since 2009 so far. And the future is elusive, but in general, we should hope for a beautiful Bitcoin era.

I am still bearish about the role of Bitcoin. I am not entirely confident, about Bitcoin usability, as store-of-value or medium of exchange. Bitcoin has diverged from the path, envisioned by Nakamoto.

hdueuieo123

newbie

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Interestingly enough, Bitcoin's vitality is still a dazzling fire, depending on the economic fluctuations that the flame can emit or weaken. However, it has never been off since 2009 so far. And the future is elusive, but in general, we should hope for a beautiful Bitcoin era.

bitcoinman93

newbie

Activity: 280

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Quote from: renes on July 27, 2018, 04:32:38 PM

Good article, with bitcoin the money will be redefined because it is not an simple technology but it is revolution, it changes everything related to money.

it even goes beyond money, it's redefining the whole centralized systems we're facing now. I believe centralization might be needed, but it depends on how much centralization there is

Arne9131

jr. member

Activity: 33

Merit: 1

Quote from: Dudeperfect on July 29, 2018, 10:02:56 PM

I really appreciate your efforts of building awareness about money and cryptocurrencies. It is my own experience that when we try to explain Bitcoin to someone who has absolutely no idea about it, we have to start explaining from the money itself and it is very surprising to see that we never understood how money really works. Probably that's the reason why centralisation became successful so far. However, with the evolution of decentralized currencies, things will start to change and we will see transformation literally in every sector out there in the coming decades. As a user, it is our responsibility to build awareness about it on our individual level. Aavadlela aahe!

Thanks for the kind words. Decentralization would allow us to function, in ways like never before.

Dudeperfect

hero member

Activity: 1190

Merit: 534

I really appreciate your efforts of building awareness about money and cryptocurrencies. It is my own experience that when we try to explain Bitcoin to someone who has absolutely no idea about it, we have to start explaining from the money itself and it is very surprising to see that we never understood how money really works. Probably that's the reason why centralisation became successful so far. However, with the evolution of decentralized currencies, things will start to change and we will see transformation literally in every sector out there in the coming decades. As a user, it is our responsibility to build awareness about it on our individual level. Aavadlela aahe!

Arne9131

jr. member

Activity: 33

Merit: 1

Quote from: ?? on ??

The article is good. I'll definitely share it with some guys interested in the topic. Thanks for sharing!
Yes, money will have to be redefined with Bitcoin.

Thanks, for the kind words. "Sharing is caring".

Nonie

full member

Activity: 560

Merit: 100

BBOD Zero-Fee Exchange

good article I might agree it because I think in the future all will use technology because it's easier and simple people no longer use money for payment but it's easier with coins because it's safer and simple to use

BronstadID

newbie

Activity: 18

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Quote from: renes on July 27, 2018, 04:32:38 PM

Good article, with bitcoin the money will be redefined because it is not an simple technology but it is revolution, it changes everything related to money.

Absolutely. Just wanted to emphasize the meaning of the entire system, i.e. blockchain, because this isn't just electronic representation of a dollar or other currency. This is a totally new phenomenon most people even haven't figured out yet.

Al-e_x

member

Activity: 560

Merit: 11

I think we need innovation, everyone is saturated with the currency we use today. even the money we use now cannot give us happiness. the country's economy can not change poverty.

therefore we need currency innovation, and bitcoin comes with bringing positive values, changing lives for the better.

Kokondao

newbie

Activity: 167

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I do not think that will happen because I see that bitcoin is very difficult let alone replace the paper money, because the bitcoin prices are never stable and also not all regions can reach the internet network.

Miklight88

copper member

Activity: 238

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GDZKVBV3L3JU5TFDBWMUMPZAHD3OSM2I3TAJRWPG7KU5U4UZCI

I think both money and crypto are two different things but will work together for the betterment of both , I don't see crypto taking money space and also money taking crypto space but both will work together , crypto still need fiat to run because I don't think money can be eradicate for crypto .

win365

member

Activity: 176

Merit: 10

I agree with the second post reply here, bitcoin is changing everything including our mindsets that we have. You are obtaining a new global view and value about a money, that you have never had before.

oanhphong

full member

Activity: 233

Merit: 100

Cash and gold are "simple" objects. The fact that they do not pay interest rates makes them even simpler. In particular, there is no need to spend time investigating the reliability of a dividend paid for by "non-profitable" assets - people can immediately agree that the dividend is zero. This information seems to have a high demand in terms of timing of financial instability (when no one knows for sure what others know about the securities they are selling). Of course, this situation is somewhat complicated when it includes the partners (intermediaries), but this is true for all assets.

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