Topic: Bitcoin impacts? - page 9. (Read 7370 times)
With Bitcoin, banking is an option, not a must when we want to transfer money, save money. It will reduce the total financial costs.
Gave us the freedom how and what we decide to do with our money. In the future I see it functioning as a full fledge payment option although right now the impact wasn't that great but in the future things will be very much improved.
For you which could be the most important impact that bitcoin have made, will make or has been making to our society?
In few countries where the governments control its currency and prevent it or limit its exchange with the other fiat, bitcoin is a great alternative that can't be controlled or limited 
For you which could be the most important impact that bitcoin have made, will make or has been making to our society?
For the time being, its greatest impact in my view is opening new money-earning opportunities for people who earn money online. Faucets, forum posting, microjobs, investments etc. have multiplied due to bitcoin.
Aside from that, it opened a new world wherein we can be our own banks without the need for any authority to control our spending. Also put pseudoanonymous spending into account, and bitcoin haa definitely changed the way we view money today.
Bitcoins have certain impacts which are influencing today's world.
Positive impacts ↓↓
(1) Making world cashless-- It online transaction system, no need of physical cash.
(2) Easy money transfer-- Going banks to deposit money is a history now, send money right to your loved ones, sitting at home..!!
Negative impact ↓↓
(1) Makes people less physically active-- Harmful for your health, though!
(2) Carelessness Is harmful--If you lost your device and forgot your PIN, it can become a big problem!! (Except the offline private key backup)
Positive impacts ↓↓
(1) Making world cashless-- It online transaction system, no need of physical cash.
(2) Easy money transfer-- Going banks to deposit money is a history now, send money right to your loved ones, sitting at home..!!
Negative impact ↓↓
(1) Makes people less physically active-- Harmful for your health, though!
(2) Carelessness Is harmful--If you lost your device and forgot your PIN, it can become a big problem!! (Except the offline private key backup)
The fact you can be your own bank. Never, ever, ever before a currency would allow you to be your own bank with the versatility of Bitcoin. Of course you could have gold bank then, but have fun storing gold around, sending ti all over the world instantly etc. Bitcoin s the *ultimate* form of money. This is a really futuristic approach which is why most people just aren't ready to deal with it.
I could probably write an entire book on this subject. To put it simply Bitcoin is trust without centralized authority, which can be extended to many different applications. The consequences of this are extremely profound and far reaching. It can change the world in huge ways, even change the world in ways that we can not even imagine today.
Another way that I like to state this is by saying that money is power and Bitcoin changes the fundamental nature of money and therefore also changes the fundamental nature of power.
Another way that I like to state this is by saying that money is power and Bitcoin changes the fundamental nature of money and therefore also changes the fundamental nature of power.
I think for me it would be easier distribution of wealth through micro payments and also the innovation it brought to the stagnated financial system. We are now seeing lots more innovation in the financial sector, to keep up with the benchmark Bitcoin has set.
It is the revolution age of finance and innovation that goes with that.
It is the revolution age of finance and innovation that goes with that.
For you which could be the most important impact that bitcoin have made, will make or has been making to our society?
For the time being, its greatest impact in my view is opening new money-earning opportunities for people who earn money online. Faucets, forum posting, microjobs, investments etc. have multiplied due to bitcoin.
no chargeback.
certified destination.
it's money without the last 100 years problems ...
BONUS : centrals banks can not print money on it.
so, when you work 1 hour for 0,1 BTC ... it's always 0,1 BTC the next year.
or 10 years later ...
certified destination.
it's money without the last 100 years problems ...
BONUS : centrals banks can not print money on it.
so, when you work 1 hour for 0,1 BTC ... it's always 0,1 BTC the next year.
or 10 years later ...
Bitcoin is a global currency under no control of any government.Bitcoin can be earned and spend by anyone without going through any lengthy procedures.It has greatly changed the concept of currency altogether
The most amazing thing to me is that Bitcoin exist without a Federal Reserve, or any person or group of people that would decide somewhere out there what will they do with it and in which direction will they push it, like it happens with Fiat currencies worldwide.
Here we have this computer algorithm that runs on many people's computers and gives us this very valuable currency.
Amazing!
Here we have this computer algorithm that runs on many people's computers and gives us this very valuable currency.
Amazing!
The ability to make an overseas transaction in minutes and with negligible cost. That for me is just amazing.
For you which could be the most important impact that bitcoin have made, will make or has been making to our society?
I like a lot of stuff about Bitcoin. One, I like the fact that the payments are quick and easily tracked. Two I like the fact that you are somewhat anonymous online when using it.
I also like the fact the value changes a lot, and is easy to see what the value is.
Most important impact that bitcoin have made?
- Making the whole transactions anonymous and also very minimal fee / Full control for the user / No such restrictions base on eligibility of countries for it's use / Already as payments on many websites
Will make or has been making to our society?
- Making our life a lot easier upon doing online stuff
- Making the whole transactions anonymous and also very minimal fee / Full control for the user / No such restrictions base on eligibility of countries for it's use / Already as payments on many websites
Will make or has been making to our society?
- Making our life a lot easier upon doing online stuff
The architecture of bitcoin system. this is revolution of money.
It's changing finance. Plain and simple. You can see all over the financial world is starting to wake up to the news. It's being r fledged in the price already.
I guess the banks have found some other way to game the system and are starting to just do the business end of their job properly
I guess the banks have found some other way to game the system and are starting to just do the business end of their job properly
To be frank it really hasn't made much of a positive impact maybe for some but majority I don't think it has. It may in the future, but what do you expect?
The freedom to spend your own money without the governments and banks bugging you about it. Also, a new fast and secure way to send money in grwat distances within minutes without having to pay large fees for intermediary processors.
The freedom to do what you want with your own money is also which is one of the more important aspects of Bitcoin for me. It feels amazing to own something that can change the financial sector.
the biggest impact is removing the control from the government and give it completely to the people, it will be fun to see how the government will react once bitcoin will suppress their fiat system
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