Topic: Bitcoin For Eternity (Read 216 times)

Bitcoin has really contributed a lot to the affairs of humanity and with many of its use in different ways, has made a lot of people who once had reserved thoughts and opinions about it to have a change of mind. Also, with Institutional investors playing a huge role towards the growth of Bitcoin nowadays, many people are also understanding that the future of Bitcoin is very bright and things will only but keeps getting better.
Now from this post, it is very evident that Bitcoin has come to stay and it is clear, that this is just the few you can remember, there are still many others such as the use of Bitcoin in many online stores, in fact the list is endless, as people and platforms will continue adopting it in very way possible.

"Protect the network to the death." - Michael Saylor

this quote looks appropriately here

It is the purpose of bitcoin after all, freedom for the masses. Bitcoin might be the future of payments or might not be but one thing is for sure, and that is that Bitcoin spearheaded a digital revolution that will challenge the archaic system of banks and financial institutions.

What op is pointing out are the usage of bitcoin. I think that the title is inappropriate although the point is obviously taken and understood.

Those are the only few real life use of bitcoin. Including the most recent news about the imstitutions investing to bitcoin and 'experts', 'economist' and other financial title experts are no longer ignoring it.

This is not the first time that we have countries like Venezuela take advantage of bitcoin, not only to circumvent sanctions against them, but to survived, as their Bolivar is turning to be just 'mickey mouse' money. And probably not the last, perhaps Africa as well will be the next to squeeze bitcoin in their daily lives.

I’m glad someone else have the same thoughts as me about the good life bitcoin is bringing to the world and making the world a better place even in time of lack of physical currency. Many projects in the world have been sponsored and achieved success using bitcoin and I hope the world will see reasons to accept bitcoin and make it more useful

It's different scenario when bitcoin will be more than a million dollar each... And don't think about bitcoin being mined with in just a few years. It's still far away, who might knew there would be upgrades and bitcoin will survive with low cost mining efficiency. Let's savor the reality of being it accepted on global scale, don't worry too much, we ain't gonna live happy with it. There's a lot room of improvements here.

I think you are trying to pass a message across, how demanding bitcoin is becoming and it widespread adoption globally. Well, an average person knows what bitcoin is all about but not many use it as it been mentioned.
Bitcoin eternity l!!! 
What do you think will become the future of Bitcoin when all all bitcoin becomes mine? Albeit they will only depend on transaction fee which I don't think will be enough to cover cost of maintaining bitcoin network.

The President of Venezuela even made a statement that the country will "use all existing cryptocurrencies in the world" to circumvent US sanctions.
 Venezuela intends to increase the use of bitcoin to pay for imports, bypassing financial sanctions imposed by the United States. And there is no response.

You forgot to mention shops and markets who started using bitcoin long time before. It's not a sign of eternity but we can say that due to those early adopters, bitcoin took his way into the eternity by large adopting it.

It's somehow utopic that bitcoin can invade all kinds of paiements arround the globe as it still can't replace the Fiat money in circulation, but it can be the reason for community to find better solutions. Don't forget that bitcoin is still under-developement and still has some great problems we should deal with.

It attracts my attention the info about Venuzela using bitcoin to make deal trades with Iran and Turkey which seems a little bit strange for me especially with Turkey as Turkey is a NATO member and shouldn't make such a deal with a punished country. Unfortunetly, the source link doesn't work in my end.

Based on your statement about how bitcoin exists as a problem-solving alternative in every country, this has proven that Bitcoin is very friendly to everyone. I hope that in the future bitcoin will not only be an alternative in dealing with payments. but become a legally accepted instrument in any country without exception.

maybe not only that, there are already many online stores that have implemented bitcoin payments first. restaurant, and many more.

Bitcoin is used in EL zonte a village in El Salvador because “majority of residents are unbanked and the local businesses don’t meet the requirements that would enable them to accept credit cards.”


Bitcoin was used by the Nigerian gender equality protestors to raise 40% of their money when they “noticed bank transactions were being slowed down while its online payment links to facilitate donations had stopped working”


Bitcoin was used to help freedom protestors in Belarus. “BYSOL chose bitcoin as a way to transfer funds as other ways are under the total control of the government,.”


Bitcoin is used to help women in Afghanistan learn to code and earn seizure resistant money in a place not served by normal digital payment networks.


Bitcoin is being used by public and private companies as a reserve asset because its is safe from debasement, unlike the dollar.


Bitcoin was used along with gift cards to send remittances to Nigeria to get around a failing currency and capital controls that force people into a disadvantageous government controlled exchange rate.


Bitcoin is used in Texas to balance green energy grids using a dynamic load response. “The move isn’t just profitable — it’s key to using more renewable energy.”


Ukraine wants to use Bitcoin to balance loads and maximize profitability on nuclear power plants.
Number one finance app public company Square bought $50M of Bitcoin because it is an “instrument of economic empowerment.


Bitcoin was used by Venezuela to settle trades with Turkey and Iran.
Iran’s central bank is accumulating Bitcoin to settle trades with countries after being pushed out of the dollar system by America.

(Source)

https://threadreaders.com/thread/1335627973915971592