Topic: Bitcoin failed as a currency - page 2. (Read 7191 times)
I'm still thinking a lot about this. But first, we should trust the BTC, not risk propaganda.
There's much more utility and value in Bitcoin than any other asset because of its decentralization, autonomy, uniqueness. It's global, it's connected and faster around the globe than any other non-crypto asset. It has more hash power than any other crypto. Bitcoin has a huge potential to become a currency.
for me, even though bitcoin fails to become a currency it doesn't matter, it's also very difficult if bitcoin can become a currency. the most important thing is that bitcoin can be used to pay for anything. I always support that bitcoin will continue to run
bitcoin doesn’t have any inherent value. You can write new programs and develop new cryptocurrencies with relative ease, so there really is nothing special about bitcoin other than its popularity.
Bitcoin may have failed in his original mission, but he paved the way for other, more scalable crypto conversions. Using the capabilities of the block system, projects like Ethereum, which have fewer constraints imposed by Nakamoto on their own creation, have a distribution potential much wider. Perhaps in a few decades people will invest pension contributions to digital assets with bitcoins, but buying products with Ethereum.
Bitcoin is just speculative property, it is difficult to become currency
i do agree with you that bitcoin was not created as a form of investment but the situation over here right now is that the systems of the world is not fully equipped to run on full bitcoin transactions when the time is up but until down it would be used as a form of investment. the world is used to the fiat currency payment system so it would take a while.
I think that Mitchell did not fail. I do not have the current technology to get into Bitcoin. I think that although there were some downsides, it was very unfortunate.
I think bitcoin has not failed as a currency because I think bitcoin is still in transition and evolved
I thought the all country government dont know about bitcoin so many banks dont know about bitcoin and i know very well bitcoin futute too good so maybe next some time we will see bitcoin as a currency.
It is because for me the fight or the career of bitcoin is still fighting and going. In general, we can say that a thing or things had failed when it is done or finish. Yes it is quite hard for bitcoin to become a currency in general because it will fight against the most complex and most trusted currencies with also supported with the government but still chances are there.
Failed? I wouldn't be that harsh. Even now there are a lot of sites that accept Bitcoin as a mode of payment. But some of the merchants have stopped accepting Bitcoin (such as steem and stripe), due to low volumes and volatile exchange rates on top of the high transaction costs.
I think it is difficult to change in the long term, because bitcoin is a scarce currency and that is one of the reasons why its price goes up, besides, it is in the hands of big businessmen and has not managed to position itself as a practical currency.
Bitcoin is already a currency and it is known a cryptocurrency. Yes, sometimes it must be failed or not but that's a normal happens here in the world of cryptocurrency because the price is not stable anytime it will changed but i believe that in the future it is more profitable compared in the present.
Bitcoin won't have the capacity to supplant the national money because of it's value change. The exchanges are impractical in this way in every day life. With some solidness in the cost of btc can make its status all the more clear in future. At the present time btc is battling for it's lawful status worldwide and there is no much uplifting news with value variance.
Bitcoin is already a currency it is a crypto-CURRENCY, it is a digital CURRENCY. Yes it is used as an investment but it is also being used in some stores already. It may not be worldwide because of the issue of its fluctuating price but nevertheless it is being used. It didn’t fail as a currency in my perspective.
Bitcoin did not cease to be a currency because he had not yet become it. At present, this is simply a cryptocurrency asset, which is very little used as a means of payment. When it becomes more popular and less susceptible to manipulators, then it really becomes a currency.
If you think this, then you need to read about AML BitCoin. AML BitCoin rests on a privately regulated public blockchain that facilitates AML-KYC compliance and identifies criminals associated with illicit transactions while maintaining and strengthening the privacy protections for legitimate users.
It is not the first time bitcoin fails. It was declared dead many times.
Bitcoin was supposed to be used as a currency, not only a form of investment. However, it's been more successful as a form of investment, a "speculative asset".
Do you guys think that this can change in the long term ?
We can say that for sure for now but in the future there is so many possibilities for a bitcoin to become the exact thing that it was developed for, so the only thing that we can is to Hope. Do you guys think that this can change in the long term ?
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