Topic: Bitcoin has no role in real world - page 22. (Read 6051 times)
How can you say that bitcoin has no role in real world. In fact, bitcoin give jobs to those who are jobless. Bitcoin give hope to people who are hopeless because of poverty. Bitcoin reduce poverty because it give oppurtunity to the poor to make a living out of bitcoin. And there are some people or establishment that are accepting bitcoin as a mode of payment. And bitcoin changes the lives of many individual. So bitcoin has a big role in this world.
Makes me wonder if all those stuffs and goods I bought using my btc (converted to fiat) are just all my imagination. If something is useful enough that it provides source of income to other people, doesn't that mean that that something has a very big role in real world? Maybe you just don't have any btc that you can use to be spent in the real world that made you concluded that it's useless in real life.
You may not notice or feel it, but Bitcoin is starting to startle the world. So, not long for now, it will definitely going to have a role in our world.
When something is helping you to live a comfortable life then that thing surely is playing a big role in real world and bitcoin that kind of thing. I have seen lives being change after using bitcoin. Amazon is accepting bitcoin as a payment that means we can use bitcoin to buy different things for our daily use. So yeah it is playing a role in real world and there will be more in future. 
If Bitcoin is nothing for the real world then why the value of it's increasing since it's inception to till now from a few cent to $4500. Till now Bitcoin has grown millionth of times and holder of it's got enormous value and get rich impossibly.
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 admire the effort you placed into your post, but it really didn’t make much sense or relevance as to the real essence of bitcoin. You argued that bitcoin has no role in the real world probably because it’s virtual? So does it mean the houses built, cars bought, education paid, better lives, etc. by users via bitcoin are also virtual? Have you even experienced the great realities brought about by bitcoin into the system? If not, then don’t be too harsh in making comments about things you may not fully understand..Be positive...be objective... 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.
not the bitcoin that plays but we as bitcoin users who have to enlarge his name.
Most of today’s inventions are what we called before as something that’s not necessary. It is like creating a need for it. The same can almost be said of bitcoin. We were able to live without it but somehow some genius came up with bitcoin and the rest is history. Now, many people are depending on bitcoin and many are considering the possibility of doing the same as well. Digital is where the world is heading and with bitcoin’s decentralized characteristic, it serves to empower people in a way.
I don't blame you at all because it appears you have so many things to learn about bitcoin for now since you are a newbie.
Bitcoin has so many features and advantages that you can never get it out there from any form of transferring money from one point to another.
And also Bitcoin transaction is fast, secure, low fee and fully decentralized which means you can send and receive money all over the world. no customs, no boundaries and no regulation whatsoever.
Bitcoin has so many features and advantages that you can never get it out there from any form of transferring money from one point to another.
And also Bitcoin transaction is fast, secure, low fee and fully decentralized which means you can send and receive money all over the world. no customs, no boundaries and no regulation whatsoever.
That's bullshit check the bitcoin all around the world and the many online and offline store all over the web and the world and many people in fact changes their status offline and online, Biotcoin has indeed revolutionize how we buy online and offline.
In my perception i don't agree with what you've think because not all people are really help by bitcoins if they don't work he or she can not earn. Cause it so hard to find a right job. Thus it is not the only new currency has giving the right amount. There has a lot of it.
That's bullshit check the bitcoin all around the world and the many online and offline store all over the web and the world and many people in fact changes their status offline and online, Biotcoin has indeed revolutionize how we buy online and offline.
The real world are divided into 2 , the old world for old school technology and the other one is the new world for newer technology adaption, if you are still living in the old fashion way of living like not rarely connected online or always off-the-line then you are still iving in the old world of civilization. The only influential person who still live in a old fashion style of living but wealthy and still don't know the role of bitcoin in this world, there's no other than the Omaha's Cradle Mr. Warren Bufett, yes he is still living in a low-key lifestyle and he is not so adapting the new technology that's why this is what he said remembering 3 years ago that Bitcoin is just like a blank check with no value at all. The bitcoin and the blockchain has a great role in this modern world and much more in the world of finance.
No one said it will be an easy process, but we started already and there is no chance to lost this opportunity right now
Its not really an easy but accept the fact that in real life there is also no easy. We need to work hard if we want to live and to have a lot. So don't lose this kind of opportunity. I am sure that bitcoin will help us a lot.
Quote
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.
You expect bitcoin to exist without any fees, well I am sorry such a thing ain't gonna happen! You cannot expect to get an awesome service for free. Your greediness is too much to be honest. You want the price to increase but at the same time you don't want to pay for the fee. 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.
And in case you didn't know bitcoin acts as a source of income for hundreds and thousands out there so it does play a big role in real life.
I disagree with most of your words.
First of all, governments are not the most important players. Indeed, fuck the government and fuck all the authorities. They are basically doomed.
Then, I agree with you regarding fees. A completely free payment system would be even better, but I still prefer to pay miners instead of banks. Yet maybe in the future a zero-fee cryptocoin will be implemented and we will start to use it.
About Bitcoin role in real world, it is true that it is basically speculation right now, few stores accept it and most of people are just concerning about price. But I hope things will turn better in the future and Bitcoin will be used for every kind of transactions.
First of all, governments are not the most important players. Indeed, fuck the government and fuck all the authorities. They are basically doomed.
Then, I agree with you regarding fees. A completely free payment system would be even better, but I still prefer to pay miners instead of banks. Yet maybe in the future a zero-fee cryptocoin will be implemented and we will start to use it.
About Bitcoin role in real world, it is true that it is basically speculation right now, few stores accept it and most of people are just concerning about price. But I hope things will turn better in the future and Bitcoin will be used for every kind of transactions.
Yes bitcoin has no role in real world beause currency only role in real world.About Bitcoin role in real world, it is true that it is basically speculation right now, few stores accept it and most of people are just concerning about price.so Bitcoin not spread fully so only so only bitcoin has no role in real world.
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.
Transferring money without intermediaries from anywhere in the world and having full control over your funds in a decentralized environment is the solution Bitcoin offers. Peer-to-peer, border-less, decentralized, solutions to real problems. People in Venezuela are seeing the real world usage of Bitcoin.
Socio-economic, financial situations are rigged/caused by the so called most important elements/governments. How do you expect someone to come up with a solution to the problems caused by these elements without ignoring them?
I disagree with most of your words.
First of all, governments are not the most important players. Indeed, fuck the government and fuck all the authorities. They are basically doomed.
Then, I agree with you regarding fees. A completely free payment system would be even better, but I still prefer to pay miners instead of banks. Yet maybe in the future a zero-fee cryptocoin will be implemented and we will start to use it.
About Bitcoin role in real world, it is true that it is basically speculation right now, few stores accept it and most of people are just concerning about price. But I hope things will turn better in the future and Bitcoin will be used for every kind of transactions.
First of all, governments are not the most important players. Indeed, fuck the government and fuck all the authorities. They are basically doomed.
Then, I agree with you regarding fees. A completely free payment system would be even better, but I still prefer to pay miners instead of banks. Yet maybe in the future a zero-fee cryptocoin will be implemented and we will start to use it.
About Bitcoin role in real world, it is true that it is basically speculation right now, few stores accept it and most of people are just concerning about price. But I hope things will turn better in the future and Bitcoin will be used for every kind of transactions.
No one said it will be an easy process, but we started already and there is no chance to lost this opportunity right now
Right now it has no real value in real world but we didn't know in the future, why not!. The possibility is really big as long as many believes in it
If someone does not understand something, this does not mean that this is something bad, or not right. It says only about a lack of understanding or knowledge in a particular field. Bitcoin, without a doubt, has an effect on the lives of many people.
it seems like your statement needs clarification ,,, !! or maybe you do not understand what bitcoin is or you know bitcoin bit ,,, in this case i can only give you advice ,, try you read and understand bitcoin ,,,
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