Topic: Bitcoin is a new phenomenal innovation - page 6. (Read 3192 times)
You have made the right conclusion, putting bitcoin on a par with other inventions that simplify human life. This currency can really be considered a unique innovation that its technology can significantly transform all the world's financial systems.
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.
Bitcoin is not only money, as we can see blockchain can be used almost in every sphere of our life (data storage, gaming, business, etc.). Some governments even intend to make the elections system based on blockchain (my country is among those and I'm really eager to see this idea being implemented).Still, if talking about the financial aspect, bitcoin can be a real remedy for those who 1) want full control over their assets without banks asking them the purpose of their transactions; 2) wish to have a fully safe and reliable payments system (provided that they do not lose their credentials, of course); 3) think about the future of their kids and make regular deposits to their wallets.
I think that bitcoin can be equated to the most ingenious inventions of this century. This innovation, which is created not just for someone's enrichment, it is created to improve our economic life.
What is phenomenal is AML BitCoin. AML BitCoin rests on a privately regulated public blockchain that facilitates AML-KYC compliance and identifies criminals associated with illicit transactions while maintaining and strengthening the privacy protections for legitimate users.
Yes I believe that bitcoin is a new phenomenal innovation for it's very own marketable history name specially at blockchain. We almost trust and believe of what it gives to us. And I almost there to prove that bitcoin is one of the high technology terms of payments and it gives help to us.
Bitcoin is a logical continuation of traditional money, remember the evolution of the form of money:)
It could never continue traditional money, so to say.
That's why bitcoin is considered revolutionary. Remember that revolutionary changes usually meant taking out the old and placing in the new.
Traditional money has always been in a tangible form, something that has a shape, a size, something that can be weighed, it has a solid feel, and once glance by the naked eye will indicate the value. Traditional money does not need digital technology. But here we have bitcoin, something from the digital space that has no tangible properties, yet, valuable.
the main problem is that bitcoin has become a marketable tool for different areas, then growth will not keep you waiting
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.
Bitcoin is truly a phenomenal innovation today. It helps a lot of people in different aspect of life. There is a lot of benefits that an individual could obtain like income, profit, knowledge, and so on. Bitcoin will definitely change the global economy and be a new system for storing a person's money. It could be an alternate for banks. So it is a phenomenal innovation because a lot of people seems tp know and use it now.
Bitcoin is not just an innovation but a revolution. It is likely to change the entire global economy. Banks will no longer have a monopoly on our money. Blockaine risks a lot of things in our daily life but for that we need to be patient.
The innovation of cryptocurrency is that, firstly, the exchange of this digital money occurs through crypto-encryption in a secure environment, secondly - P2P, without intermediaries, thirdly - anonymously.
Bitcoin is not just an innovation but a revolution. It is likely to change the entire global economy. Banks will no longer have a monopoly on our money. Blockaine risks a lot of things in our daily life but for that we need to be patient.
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 also an innovation in the banking world, you also certainly know some countries prohibit the use of Bitcoin, because Bitcoin innovation eliminates the role of the Bank as a broker, whereas this innovation cuts transaction costs. obviously very profitable for Bitcoin holders but according to the bank this innovation is detrimental to them.I think yes it is a result of the innovation of the world. A high technology in terms of payments, wherein the transactions is through internet. Soon to replace fiat money, when the wholeworld ready to adopted it.
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 also an innovation in the banking world, you also certainly know some countries prohibit the use of Bitcoin, because Bitcoin innovation eliminates the role of the Bank as a broker, whereas this innovation cuts transaction costs. obviously very profitable for Bitcoin holders but according to the bank this innovation is detrimental to them.
Electronic money can become a digital currency that can be traded before the non-cash period and Satoshi takes us bitcoin as a digital coin has done it. Buy, make payments and even trade and invest in it. And this is because the current generation of cryptographers is spreading from wildfire that exists a reliable and reliable technology that can address concerns against fiat money and can actually does two times better when it comes to security. The history of the origin of the term as such a paradoxical effect has been observed very rarely, and only for goods, without which it is completely impossible to do without. But why the motive of the lock Study and volume of bitcoin transactions correspond to how the price and volume of sales of "Giffen's goods" behave? I like the term "extraordinary innovation"! Sure, I agree with you. The development of the most valuable electronic money today is bitcoin. This is a new technology but anyway I like your post.
bitcoin is not only a phenomenal innovation but an innovation that has changed this world order, which used to be no digital currency now, and the most important is the technology used by bitcoin, blockchain
The world has developed and almost everything that happens in this world uses the internet network then Bitcoin is the solution to all transaction costs that you will do anytime and anywhere.
Bitcoin is a logical continuation of traditional money, remember the evolution of the form of money:)
bitcoin is not only a phenomenal innovation but an innovation that has changed this world order, which used to be no digital currency now, and the most important is the technology used by bitcoin, blockchain
Yeah the technology behind bitcoin is a phenomenal one indeed and the blockchain technology which also serves as its distributed ledger makes it an outstanding invention in the world of ours. I guess this is the reason why most industries are running their operations with the blockchain technology.
The best thing that ever happened to the world of crypto is bitcoin, I believe the innovation that is happening to bitcoin is absolutely incredible. I like the rate of development of this incredible cryptocurrency called bitcoin. We need more innovations to keep bitcoin on top of all digital currencies.
Yes, bitcoin is a new innovation for fiat money. This is a peer-to-peer system where transactions occur directly and with minimal costs between users without the need for intermediaries. Transactions are agreed on a computer network that is fully decentralized and stored in the distribution ledger (blockchain). In addition, Bitcoin is made by an idea, the idea has broad implications.
I think that with the advent of the Lightning Network, the opinion about bitcoin will change for many people in the best way.
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