I think he’s is good in finding too much of how or what the negative aspect bitcoin has but forget how it helped lot of users and traders who are ordinary rather than rich. Bitcoin has a big role to me a much bigger than any dollars or peso that I have. It is more than I owned, more than the banks and the government do, I don’t care about how the government look at it or they won’t recognised it and i don’t care either of fees, why? Does in real world there is free?
Even a single cents is taxable.
Topic: Bitcoin has no role in real world - page 24. (Read 6051 times)
For me bitcoin has a good role in the real world, because the criptocurrencies are the future
You need to trust more on them
Well, I do believe that bitcoin has a big role in the real support like it helps many people to gain income and money. In addition to that, if you must believe in bitcoin and you should believe that it has huge role in our real world because it help many people to become rich.You need to trust more on them
Same here, it plays significant roles in our daily real world lives just like the fiat currencies except they bitcoin is virtual and don't have physicality. But it doesn't make it loose touch with the real world because whatever fiats are doing in the real world Bitcoin is doing same.
For me bitcoin has a good role in the real world, because the criptocurrencies are the future
You need to trust more on them
Well, I do believe that bitcoin has a big role in the real support like it helps many people to gain income and money. In addition to that, if you must believe in bitcoin and you should believe that it has huge role in our real world because it help many people to become rich. You need to trust more on them
For one, what is reality? To assert that something has no use in the real world, one has to first ask what constituents the term real?
By your post I assume to you it means the current state of affairs. This is a pretty narrow and not very enlightened way of looking at it though. If people lived by your model of utility in a "real" world we would probably all still be using stick and stones.
No, the world and thus our reality is instead brought about by our thoughts, dreams, inspirations, aspirations which all lead to better ways to do things, better tools and inventions to help us mold and create our environment. Throughout history people have resisted change and new technologies often citing they had no practical use in this perceived real world of theirs. Well sorry to burst your illusions, but the world (thus reality) does not stand still and it will change and what you deem useful today may soon become obsolete as progress marches on.
So, you mean with advent of technology, we will find some better and real uses of Bitcoin or cryptocurrencies in general. But what if with advent of technology, a new form of monetary system or currency develops that is better than cryptocurrencies? Then demand will naturally shift. What will sustain the value of Bitcoin when there is no demand? Can Bitcoin sustain itself without demand? This is the point where real utility and intrinsic value come in play. Unless bitcoin has those, I don't think Bitcoin will survive more than 2-3 decades if possible. By your post I assume to you it means the current state of affairs. This is a pretty narrow and not very enlightened way of looking at it though. If people lived by your model of utility in a "real" world we would probably all still be using stick and stones.
No, the world and thus our reality is instead brought about by our thoughts, dreams, inspirations, aspirations which all lead to better ways to do things, better tools and inventions to help us mold and create our environment. Throughout history people have resisted change and new technologies often citing they had no practical use in this perceived real world of theirs. Well sorry to burst your illusions, but the world (thus reality) does not stand still and it will change and what you deem useful today may soon become obsolete as progress marches on.
For one, what is reality? To assert that something has no use in the real world, one has to first ask what constituents the term real?
By your post I assume to you it means the current state of affairs. This is a pretty narrow and not very enlightened way of looking at it though. If people lived by your model of utility in a "real" world we would probably all still be using stick and stones.
No, the world and thus our reality is instead brought about by our thoughts, dreams, inspirations, aspirations which all lead to better ways to do things, better tools and inventions to help us mold and create our environment. Throughout history people have resisted change and new technologies often citing they had no practical use in this perceived real world of theirs. Well sorry to burst your illusions, but the world (thus reality) does not stand still and it will change and what you deem useful today may soon become obsolete as progress marches on.
By your post I assume to you it means the current state of affairs. This is a pretty narrow and not very enlightened way of looking at it though. If people lived by your model of utility in a "real" world we would probably all still be using stick and stones.
No, the world and thus our reality is instead brought about by our thoughts, dreams, inspirations, aspirations which all lead to better ways to do things, better tools and inventions to help us mold and create our environment. Throughout history people have resisted change and new technologies often citing they had no practical use in this perceived real world of theirs. Well sorry to burst your illusions, but the world (thus reality) does not stand still and it will change and what you deem useful today may soon become obsolete as progress marches on.
You're right we cannot see or touch botcoin but it does not mean it has no role in real world in fact bitcoin has became my valuable asset and gives me an opportunity in becoming financial independent. I use bitcoin in paying some of my bills, I was able to buy some stuff using my bitcoin so it really means a lot to me and I'm sure many will agree to me and have the same idea about bitcoin
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.
I am really unable to understand the topic. Is the Op trying to say that bitcoiners do not live on this planet or they don't exist ?
This forum is also a dream and we all are part of that dream. I thought we were real and I am living. Like you, I also have earned a lot from bitcoins and it has helped in many financial crisis. Maybe all that was a dream also.
We are real and bitcoin is playing a significant role in our lives.
This forum is also a dream and we all are part of that dream. I thought we were real and I am living. Like you, I also have earned a lot from bitcoins and it has helped in many financial crisis. Maybe all that was a dream also.
We are real and bitcoin is playing a significant role in our lives.
I don't agree with you mate, more and more people are adopting the bitcoins by each passing day. The demand for the bitcoins is constant and it would be continue to increase in the future as well. Many service providers have already started to accept the bitcoins as a payment; many countries are also in the process to regularize the bitcoins. It has the required potential to became a popular and universally adopted currency in the future.
Why people are adopting Bitcoin increasingly?The reason is simple because it is deflationary and hence its value will increase with time. Thus, a nice investment asset. Is that a real use? Of course, not. The price is rising because of increasing demand. That demand is rising because people want to double their money through Bitcoin investment. Isn't this developing a kind of bubble. Once people get some other better asset to invest and that will definitely happen with advent of technology, people will shift to it and demand will decrease and so does the price. I agree in next 10 years, nothing of that sort gonna happen, but it will. Unless Bitcoin develop some real use that is unbeatable, it will not sustain for longer.
I don't agree with you mate, more and more people are adopting the bitcoins by each passing day. The demand for the bitcoins is constant and it would be continue to increase in the future as well. Many service providers have already started to accept the bitcoins as a payment; many countries are also in the process to regularize the bitcoins. It has the required potential to became a popular and universally adopted currency in the future.
Probably OP does not really understand the function of Bitcoin. Bitcoin enable the unbanked to transact online, isn't that real world role? If a person does not have a bank account, he cannot transact or buy and sell online. But with bitcoin, it enable the transfer of money without the use of a ban thus making it easier for people to move their money anywhere in the world.
Sorry to say but i don't agree with you sir, People including me are Learning some valuable knowledge and side by side they are also earning a good income which they are expecting from their daily jobs. The Bitcoin trading has been increased to a new record high limits on Price and volume basis.And Bitcoin is the best payment gateway for all the people in the world as we can transfer money from one people to another with out even disclosing our details to them by paying less taxes and commissions. If you see in this forum Bitcoin is playing its major role in paying the members of Signature and Bounty campaigns, which in-turn is beneficial to both the giver and taker.
I think Bitcoin is playing important role in modern world because people are more interested in bitcoin earning.
because Some of websites start accepting bitcoin as payment and also govts. showing interest in bitcoins like japan legalize bitcoins.
because Some of websites start accepting bitcoin as payment and also govts. showing interest in bitcoins like japan legalize bitcoins.
even though bitcoin is a virtual currency category but its functionality and benefits are noticeable for all of its users who have participated in bitcoin, even of course many bitcoin users have gained significant changes in their economic recovery for better phases, even the bitcoin role has been able to reducing unemployment in many countries including in my country.
I don't think at all like that, obviously at this time bitcoin really has a role in the real world for many people who using it. Let's see, how many peoples has already made great profits from bitcoin that can change their lives towards a better life. Bitcoin does have an unreal character, but the incomes from bitcoin is really real in the real world and can provide to be good profitable.
I really find it hard to believe how people are trying so hard to discredit bitcoin with several writings and arguments but what they have successfully done is to just make the faith in it increases and I don't see that stopping. If Governments, personalities, CEOs can come against bitcoin even to the point of using the forces of the law to achieve such purpose, yet people are still not convinced, then I don't know what else will work.
Really, Bitcoin don't have any use in real world?
Yesterday, I was reading a report of cryptocurrencies boom in India. There I read that Bitcoin can save billions of dollars in remittance fee that overseas Indians pay to US firms for money transfer back home. India pay $5-7 billion in remittance fee alone every year. It is a fundamental technology and would change society sooner than later.
Yesterday, I was reading a report of cryptocurrencies boom in India. There I read that Bitcoin can save billions of dollars in remittance fee that overseas Indians pay to US firms for money transfer back home. India pay $5-7 billion in remittance fee alone every year. It is a fundamental technology and would change society sooner than later.
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.
Maybe only on your perspective. In mine, bitcoin has role in the real world even it just a virtual coin. It is true that it is only data, intangible and inexistent in the real work, but still it affects lives of its patrons. Meaning, it has indirect role in the real world through its users. And also, if it has no role, why people don't stop using it ? It is still the most popular cryptocurrency till now, they even call it king of cryptocurrency. You might never heard of it if it has no role. 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 disagree with you Sir, the first reason why Philippines accepted bitcoins is for our OFWs transactions and remittances. Yes we do have taxes for it but it has its purpose in reality.
Secondly, bitcoin is an daily, weekly, monthly and even yearly profit. I think you are just saying it does nothing because you are not yet earning for now Sir. There are so many users here that earned more than what an average employee earns in a month ( with respect ).
And as soon as adaption is in wide range there will be a greater purposes for bitcoins.
Secondly, bitcoin is an daily, weekly, monthly and even yearly profit. I think you are just saying it does nothing because you are not yet earning for now Sir. There are so many users here that earned more than what an average employee earns in a month ( with respect ).
And as soon as adaption is in wide range there will be a greater purposes for bitcoins.
People are not fond of getting off getting their comfort zone they are used to getting want they at the easiest way as much as possible. They tend to avoid getting worked on. They won't be a role the people make's one it depends upon the decision of people.
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