Topic: Bitcoin has no role in real world - page 16. (Read 6051 times)
For the fact that that bitcoin has been a successful project and Satoshi's vision have been actualized and no one can deny that. Many countries are now accepting bitcoin. Some establishments, businesses, shops, and sites are also accepting bitcoin as payment for their services. Lots of people have invested and more are investing bitcoins and it have changed many lives, and still making more lives better, without a doubt.
BTC has no role to play in the real world affairs. People who try to create such a role are confused between asset and currency. The design itself only considers pure virtual activity with no touch with real world. People also mistake the buzz words such as "peer-to-peer", "border-less", "decentralised" etc as the problems to be solved. But sadly these are not real problems. The insignificant problems (speed and fees) are hardly enough to sell and these problems are going away anyway. I have no respect to Nakamoto because he ignored the most important element (govt and authorities) in social situation and still want to sell it as some solution to social situations. Hardly any country has regulatory framework that deals with btc.
The problems are rooted in the philosophy of crypto, not in the code. So, the beauty of blockchain tech is irrelevant for btc. It is like selling a bad app by showing how great Android is.
1) Bitcoin does not provide controlled visibility, because it doesn't recognise the existence of governments. Now if you make changes to provide visibility to authorities, ALL privacy is gone. If you don't, then ALL visibility is gone.
2) Fees are rooted in the design. Whatever consensus you invent for a public blockchain, you can't escape rewarding the work of validating transactions. So zero fees are not possible.
Public blockchains sacrifice all good qualities of a business application for the sake of trust-less environment which is not even actually a problem to solve in many contexts. Also they make it extremely costly to run small amount of code or small storage. Who wants their business code to be validated by all arbitrary people in the world?
Most ICOs are sharing economy concepts similar to uber model. Lack of a responsible intermediary and costs will make these "innovations" to fail, if they ever have to touch real-world activities.
Bulk of the blockchain activity will move to business collaborations which might not even look like a blockchain. Crypto coins will be used in most business blockchains, but these coins will be value-less tokens and very specific to the business or institutional activity.
I dont agree with you mate that bitcoin has no role in the real world because bitcoin changes the life of all people who believes in btc.Jobless person can be hired in this forum if that person have skills and get paid.Being here is like having a job that i dont have to deal with rude attitude of bosses and i own my time.Some bitcoiners pays their transaction through bitcoins without any hassle.So i can really say that it has role to play in the real world. The problems are rooted in the philosophy of crypto, not in the code. So, the beauty of blockchain tech is irrelevant for btc. It is like selling a bad app by showing how great Android is.
1) Bitcoin does not provide controlled visibility, because it doesn't recognise the existence of governments. Now if you make changes to provide visibility to authorities, ALL privacy is gone. If you don't, then ALL visibility is gone.
2) Fees are rooted in the design. Whatever consensus you invent for a public blockchain, you can't escape rewarding the work of validating transactions. So zero fees are not possible.
Public blockchains sacrifice all good qualities of a business application for the sake of trust-less environment which is not even actually a problem to solve in many contexts. Also they make it extremely costly to run small amount of code or small storage. Who wants their business code to be validated by all arbitrary people in the world?
Most ICOs are sharing economy concepts similar to uber model. Lack of a responsible intermediary and costs will make these "innovations" to fail, if they ever have to touch real-world activities.
Bulk of the blockchain activity will move to business collaborations which might not even look like a blockchain. Crypto coins will be used in most business blockchains, but these coins will be value-less tokens and very specific to the business or institutional activity.
Ok, let's take a step back and see what a "real world" today is. Most of your time you spend on some kind of device (phone/computer/TV/etc) which shows you the images most of which are partially or completely computer generated. You listen to the music which is just an information translated to the audio wave. You interact with the people via social networks and for most of them you cannot even say with certainty if they're real or just ai bot scripts. So real world has changed a lot. Therefore also the methods which are used in daily life are expected to change. Cryptocurrencies are a part of this change.
I don't think so.
this is just what I can say to bitcoin..the people who do not know the bitcoin can be called no role in the world of bitcoin. because they do not know what the bitcoiner is doing. as a bitcoiner I have a bitcoin role for for this reason I got everything I wanted to do and everything I wanted to buy
BTC has no role to play in the real world affairs. People who try to create such a role are confused between asset and currency. The design itself only considers pure virtual activity with no touch with real world. People also mistake the buzz words such as "peer-to-peer", "border-less", "decentralised" etc as the problems to be solved. But sadly these are not real problems. The insignificant problems (speed and fees) are hardly enough to sell and these problems are going away anyway. I have no respect to Nakamoto because he ignored the most important element (govt and authorities) in social situation and still want to sell it as some solution to social situations. Hardly any country has regulatory framework that deals with btc.
The problems are rooted in the philosophy of crypto, not in the code. So, the beauty of blockchain tech is irrelevant for btc. It is like selling a bad app by showing how great Android is.
1) Bitcoin does not provide controlled visibility, because it doesn't recognise the existence of governments. Now if you make changes to provide visibility to authorities, ALL privacy is gone. If you don't, then ALL visibility is gone.
2) Fees are rooted in the design. Whatever consensus you invent for a public blockchain, you can't escape rewarding the work of validating transactions. So zero fees are not possible.
Public blockchains sacrifice all good qualities of a business application for the sake of trust-less environment which is not even actually a problem to solve in many contexts. Also they make it extremely costly to run small amount of code or small storage. Who wants their business code to be validated by all arbitrary people in the world?
Most ICOs are sharing economy concepts similar to uber model. Lack of a responsible intermediary and costs will make these "innovations" to fail, if they ever have to touch real-world activities.
Bulk of the blockchain activity will move to business collaborations which might not even look like a blockchain. Crypto coins will be used in most business blockchains, but these coins will be value-less tokens and very specific to the business or institutional activity.
Who say's that? Do you know that bitcoin is very profitable for all people? And theres a lot of people became rich by using this so i think bitcoin have a real role in the world this is CHANGE IS COMING im excited for the future of cryptocurrency. The problems are rooted in the philosophy of crypto, not in the code. So, the beauty of blockchain tech is irrelevant for btc. It is like selling a bad app by showing how great Android is.
1) Bitcoin does not provide controlled visibility, because it doesn't recognise the existence of governments. Now if you make changes to provide visibility to authorities, ALL privacy is gone. If you don't, then ALL visibility is gone.
2) Fees are rooted in the design. Whatever consensus you invent for a public blockchain, you can't escape rewarding the work of validating transactions. So zero fees are not possible.
Public blockchains sacrifice all good qualities of a business application for the sake of trust-less environment which is not even actually a problem to solve in many contexts. Also they make it extremely costly to run small amount of code or small storage. Who wants their business code to be validated by all arbitrary people in the world?
Most ICOs are sharing economy concepts similar to uber model. Lack of a responsible intermediary and costs will make these "innovations" to fail, if they ever have to touch real-world activities.
Bulk of the blockchain activity will move to business collaborations which might not even look like a blockchain. Crypto coins will be used in most business blockchains, but these coins will be value-less tokens and very specific to the business or institutional activity.
Perhaps BTC has no use in the physical world because it is an INVESTMENT, where as something like BCH may become the new way of holding a check account. I think decentralization is the most fundamental thing to evolve our economy. The banks have taken advantage for hundreds of years but it's time for them to step down.
Butcoin has role in real world because it can really people a lot like me bitcoin change my way of thinking and the way of making money even I don't have finished my schooling when I was a student and I can help my parents using my bitcoin that working so hard for you life.
Bitcoin has lot to do with the real world growth. One such is the change that it has made in the economic system over the traditional currency system. Everything around the globe will be working on the blockchain technology in the future and the same makes a bug change in the world.
I do not agree that bitcoin has no role in the real world. In fact, bitcoin has many benefits for humans. Humans can use bitcoin in buying, selling and investing. Many people have become millionaires thanks to bitcoin.
for you. bitcoin is a digital money
suggest the OP read up on economy
the bitcoin will play a major role in real world,it can be used for huge amount of transaction and can be used for purchaseing any luxury and costly goods so we can say that bitcoin plays a major role in real world
There is and the role is to help people to earn more money easily. There are news where early investors really earn a lot of money today because the value of bitcoins is keep on increasing as the time goes by.
sorry tell you men your speculation is nonsense we should know all bitcoin people known the importance of bitcoin in the cryptoworld, the role of bitcoin as currency is to help people to give hope for the future life and give decent job for those unemployed, so why can you say bitcoin has no role in the real world, bitcoin help also to economy of every country accepting bitcoin as currency.
That is not true, maybe for you bitcoin has no role but for for us it has. If it has no role why it still used in many people in all over the world?. Maybe is why you say that because you cannot use your bitcoin in your daily expenses. 
Bitcoin is not in the physical form and no body can touch to it.We can only see the amount on screen and can think in the mind the balance of bitcoin. So people think that this is a no role in the real world. But demanding people of bitcoin are increasing day by day and popularity is not stopping rather raising at every moment. Thinking is very of every body in the world so people think about all thing like merits and demerits.
bitcoin is clearly has a role in this world. that is why the existence of bitcoin continues, and its value it getting higher than before. because of that all of us here in this forum wanted to earn it. and use it in some transactions. sorry i do not agree to you
BTC has no role to play in the real world affairs. People who try to create such a role are confused between asset and currency. The design itself only considers pure virtual activity with no touch with real world. People also mistake the buzz words such as "peer-to-peer", "border-less", "decentralised" etc as the problems to be solved. But sadly these are not real problems. The insignificant problems (speed and fees) are hardly enough to sell and these problems are going away anyway. I have no respect to Nakamoto because he ignored the most important element (govt and authorities) in social situation and still want to sell it as some solution to social situations. Hardly any country has regulatory framework that deals with btc.
The problems are rooted in the philosophy of crypto, not in the code. So, the beauty of blockchain tech is irrelevant for btc. It is like selling a bad app by showing how great Android is.
1) Bitcoin does not provide controlled visibility, because it doesn't recognise the existence of governments. Now if you make changes to provide visibility to authorities, ALL privacy is gone. If you don't, then ALL visibility is gone.
2) Fees are rooted in the design. Whatever consensus you invent for a public blockchain, you can't escape rewarding the work of validating transactions. So zero fees are not possible.
Public blockchains sacrifice all good qualities of a business application for the sake of trust-less environment which is not even actually a problem to solve in many contexts. Also they make it extremely costly to run small amount of code or small storage. Who wants their business code to be validated by all arbitrary people in the world?
Most ICOs are sharing economy concepts similar to uber model. Lack of a responsible intermediary and costs will make these "innovations" to fail, if they ever have to touch real-world activities.
Bulk of the blockchain activity will move to business collaborations which might not even look like a blockchain. Crypto coins will be used in most business blockchains, but these coins will be value-less tokens and very specific to the business or institutional activity.
The problems are rooted in the philosophy of crypto, not in the code. So, the beauty of blockchain tech is irrelevant for btc. It is like selling a bad app by showing how great Android is.
1) Bitcoin does not provide controlled visibility, because it doesn't recognise the existence of governments. Now if you make changes to provide visibility to authorities, ALL privacy is gone. If you don't, then ALL visibility is gone.
2) Fees are rooted in the design. Whatever consensus you invent for a public blockchain, you can't escape rewarding the work of validating transactions. So zero fees are not possible.
Public blockchains sacrifice all good qualities of a business application for the sake of trust-less environment which is not even actually a problem to solve in many contexts. Also they make it extremely costly to run small amount of code or small storage. Who wants their business code to be validated by all arbitrary people in the world?
Most ICOs are sharing economy concepts similar to uber model. Lack of a responsible intermediary and costs will make these "innovations" to fail, if they ever have to touch real-world activities.
Bulk of the blockchain activity will move to business collaborations which might not even look like a blockchain. Crypto coins will be used in most business blockchains, but these coins will be value-less tokens and very specific to the business or institutional activity.
This is somehow right, Bitcoin really has nothing to share to the world, because it is just on the development phase.
Many negative speculation will be released about it in the future. The question is how strong is you trust with the coin
to evade this negative speculations?
I think very soon we will see how bitcoin goes mainstream. Not only in news about new price highs but also in usability. With the features and current spot lite it is bound to happen. When I bought my first bitcoin nobody had heard about that. Now taxi drivers in remote places are willing to discuss about bitcoins with me...
No role in the real world? What are you really up to, man? Come on! You are here because you are one of the followers of bitcoin. You must have made your own initial research as to the real deal of this invention. I cannot tell why you ended up with such a very shallow conclusion but bitcoin has been used ever since the first purchase was made. That was way back when bitcoin was really not valuable. I know you hear about that story of a man who purchased pizza with 10,000 bitcoins.
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