Bitcoin is really innovative in several ways:
1.While I'm not very knowledgeable about other crypto currencies, I do believe it is the first fully decentralized currency, like Paul wrote.
2.It has built in incentives for being an early adopter. The vision of "1-100% of the world starts using Bitcoin", if fulfilled, yields an enormous uplift to anyone adopting it at this stage.
3.It is self-perpetuating. Because Bitcoin has attracted a large, healthy community of developers, users, traders and service providers, this fact attracts the n+1 user.
Topic: Bitcoin is a new phenomenal innovation - page 10. (Read 3192 times)
Today as we modernize some of the aspects in the economy like in the production wherein pneumatic machinery are being introduce. Thus, innovation has already prove its efficiency in the production which lowered the production cost. In the areas of transportation, there are cars also being introduced that run by a battery and efficient also and economy in terms of expenses maintenance compared to gasoline powered cars. Other than that there are already other inventions that promote the comfort of living in life. Thus, digital currency is another innovations. Could you consider bitcoin as the new innovations for fiat money? The answer will be used in my research term paper for the adaptation of unified digital currency that could be used by the people around the world.
Yes, of course, everyone should see that bitcoin as a new innovation for fiat money.
By using cryptography, secure payments can be made without the need for a slow and costly intermediary. This means Bitcoin has the potential to become a common way of transferring currency in the future. Bitcoin can also play a role in reducing poverty in many countries by cutting transaction costs.
I agree, bitcoin can be seen as an innovation in the financial plan. In any case, this is something new for people. A modern universal coin that can be used anywhere and any way. At least this was originally intended.
I think Bitcoin is not easy to hack. The transfer of bitcoins between individuals is very convenient, just in a matter of minutes instead of spending the whole day doing banking. You can transfer anywhere in the world without losing a transaction fee. There is no need for paperwork such as bank transfer or blackmail. Bitcoin opens up many trading and business opportunities, with the advantage of virtual currency and not subject to any fish management. any organization or organization. The conversion from bitcoin to other conventional currencies is easy and convenient, with very high liquidity.
There are many businesses and individuals who use Bitcoin. Includes physical businesses in the real world like restaurants, apartments, law firms, as well as popular online services such as Namecheap, WordPress, Reddit, and Flattr. Although Bitcoin is a new phenomenon, it is growing very rapidly. with billions of dollars worth of bitcoin transactions done on a daily basis.
I couldn't of said it better. it has improved so much and been taken to unseen heights, and seems to only be growing and expanding. so I 100% agree its a phenomenal innovation.
I think yes, because Bitcoin does not have inflation, transfers money faster without third-party interaction, it is not easy to lose.
Yes bitcoin is a best innovation as a cryptocurrency also this the blockchain base technology and secure. bitcoin is giving a new technology for a digital online payment also giving many peoples financial freedom from trading and mining. bitcoin is very popular for its volatile market and with this technology anyone can send payment anywhere in world without any limit with small transaction fee, no need to do any formalities like bank transaction.
yess definitely bitcoin is a new phenomenal innovation and day by day it is just growing bigger and expanding in a tremendous way and it is so helpful for daily life and according to economy of a people.
Bitcoin is not only phenomenal but also one of the most amazing currencies in the world. Nothing comes close to the power of Bitcoin and I believe that bitcoin will continue to grow better and better.
Today as we modernize some of the aspects in the economy like in the production wherein pneumatic machinery are being introduce. Thus, innovation has already prove its efficiency in the production which lowered the production cost. In the areas of transportation, there are cars also being introduced that run by a battery and efficient also and economy in terms of expenses maintenance compared to gasoline powered cars. Other than that there are already other inventions that promote the comfort of living in life. Thus, digital currency is another innovations. Could you consider bitcoin as the new innovations for fiat money? The answer will be used in my research term paper for the adaptation of unified digital currency that could be used by the people around the world.
My opinion is the innovation of bitcoin and other crypto will make cryptocurancy grow and grow, cryptocurancy I think will run with fiat money in the future and cryptocurrency will cover fiat money deficiency and vice versa, cryptocurancy is a very advanced and most reliable way to make transactions and even saving money, so basically it is our big jump if cryptocurrency is accepted in all countries.
Definitely, bitcoin can be considered as a new innovation. Just like physical fiats, digital currency is the paperless form of physical fiat. Not forgetting blockchain technology. which is used to store and trace transactions.
it's all part of a sophisticated technological development. bitcoin one including phenomenal. it's too early to assume bitcoin for fiat money. I think it requires a difficult process. but it can happen, and nothing is impossible.
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Indeed Bitcoin is a new phenomenal innovations where in everyone is asking how to get involved and how does it work to help us in our daily transactions . And with extraordinary advantages over fiat currency, including its relatively rapid speed of transfer, its mathematically limited coin supply and its distributed, decentralized blockchain which avoids all government regulation.
Bitcoin is not only innovative it is revolutionary and here to stay. The rapid and aggressive incursion of the bitcoin and cryptocurrency innovation has unseated and toppled the ancient, dominant traditions that have made few men very people very powerful and allowed them have their way. this also a major reason some of these people oppose the crypto innovation. It indeed is a revolution
Of course, bitcoin is an innovation that modernizes the current financial system and forms a new system of monetary value. Surely, bitcoin will be the next generation of money.
Bitcoin is also part of the existing currency system, but only has a turn in the digital web space and is not common in everyday life. That is the variation.
Bitcoin is the first cryptocurrency that has opened up new opportunities in the economic sphere. But we should not forget that this is the first cryptocurrency and it has a number of significant drawbacks.
There are many businesses and individuals who use Bitcoin. Includes physical businesses in the real world like restaurants, apartments, law firms, as well as popular online services such as Namecheap, WordPress, Reddit, and Flattr. Although Bitcoin is a new phenomenon, it is growing very rapidly. with billions of dollars worth of bitcoin transactions done on a daily basis.
I couldn't of said it better. it has improved so much and been taken to unseen heights, and seems to only be growing and expanding. so I 100% agree its a phenomenal innovation. Today as we modernize some of the aspects in the economy like in the production wherein pneumatic machinery are being introduce. Thus, innovation has already prove its efficiency in the production which lowered the production cost. In the areas of transportation, there are cars also being introduced that run by a battery and efficient also and economy in terms of expenses maintenance compared to gasoline powered cars. Other than that there are already other inventions that promote the comfort of living in life. Thus, digital currency is another innovations. Could you consider bitcoin as the new innovations for fiat money? The answer will be used in my research term paper for the adaptation of unified digital currency that could be used by the people around the world.
Yes. Bitcoin is a new phenomenal innovation. It is an alternative to complementing the needs of global financial transactions that crave ease, efficiency, and security.
In the era of global commerce, the public needs an easier, safer, transparent, efficient, and most reliable base exchange. I believe bitcoin that using blockchain technology is able to overcome the problems that occur in the banking system that requires resources, costly, time-consuming and vulnerable correction human error in recording all the world financial transactions. I think Bitcoin is more practical and fitting as an alternative option fiat currency.
Bitcoin is a remarkable environment that allows not only new ways of trading but also great innovation. The free nature of Bitcoin, an uncontrolled currency, allows for rapid innovation and useful applications.
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