Bitcoin IS an asset. Do you think it's bad? - page 6.

tranthidung

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Quote from: mk4 on May 15, 2023, 04:10:24 AM

To make it more simple and probably easier to understand, you can look at it this way.

Bitcoin (with a capital B) = the technology, the network
bitcoin (with a small b) = the investment, the currency, the asset, etc

It's somewhat a naming convention flaw that makes it a bit confusing for the uninformed.

Nice point.

If anyone does not know their differences, Pmalek has Do you know the difference between Bitcoin and bitcoin?.

Honesly I did not know about the differences years ago and that thread is useful for newbies. Cheesy

With bitcoin, we can also use its symbol BTC

Code:

[btc]

stompix

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Blackjack.fun

Bitcoin is a piece of code, you can use that to what, is what you want it to be!

I said it numerous times, just like this:

Quote from: stompix on January 26, 2023, 05:12:47 PM

My point also, and this is one thing I love about it, is that anyone can use it the way it wants, and not just based on some whitepaper, you want to buy 0.1BTC and wait till you can buy a Ferrari with it, go ahead, you want to hide some of your money cause you think your wife is cheating and might run away, do it, you want to buy something from Irak but no bank will let you send money, that's your choice! Go!

You can transfer value, you can hide value, can store value, can increase value (through trade), use it how you like it.

And more importantly probably that this is another thing:
Just as you are not required to explain why you're using Bitcoin, you shouldn't question somebody else on what he's doing either.
Your keys your coins, his keys, his coins, his decision!

Quote from: crypticj on May 15, 2023, 02:03:34 AM

I don't want to say that it's bad, it's just surprising me. I created a thread where I asked if people think that Bitcoin will become stable enough to become a new currency cos I thought it was the whole idea, but everyone was telling me that it will always fluctuate and it's just a method to earn money.

Show me one thing humans invested in and hasn't been turned at least once in its history into a money-making business.
From war to religion, VPNs to car sharing, Bitcoin to jpg monkeys!

mk4

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To make it more simple and probably easier to understand, you can look at it this way.

Bitcoin (with a capital B) = the technology, the network
bitcoin (with a small b) = the investment, the currency, the asset, etc

It's somewhat a naming convention flaw that makes it a bit confusing for the uninformed.

tranthidung

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Farewell o_e_l_e_o

Quote from: crypticj on May 15, 2023, 02:03:34 AM

most people here treat Bitcoin as a technology that gives us freedom and represents ideas of satoshi

Satoshi, not satoshi. You can use Satoshi as a short name calling for Satoshi Nakamoto, the founder of Bitcoin.
satoshi is a Bitcoin unit. Bitcoin Table of Units.
Don't misuse two words.

Bitcoin is not a technology. It is a product from blockchain technology.

Quote

I realized that everyone I talked to treat it just like an asset to invest in.

people think that Bitcoin will become stable enough to become a new currency

not as a technology that should be used to give people freedom from the banks?

People can use bitcoin differently. Some will use it as an asset. Some will use it as a currency, a payment method. Some will use it as a tool for trading on cryptocurrency market. Some will use it as a mean for their scam.

Freedom, yes Bitcoin and its decentralized network, its non custodial wallets already give us enough freedom and free from banks.

If you have your Bitcoin private keys, you have your own banks and freedom technically and financially.

retreat

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Quote from: crypticj on May 15, 2023, 02:03:34 AM

Hello everyone.

Lately, I've been talking with a lot of people on this forum and before that, I really thought that most people here treat Bitcoin as a technology that gives us freedom and represents ideas of satoshi, but I realized that everyone I talked to treat it just like an asset to invest in.

-snip-

Depending on how you look at it, you could actually think of Bitcoin as an asset, an investment, a technology, an innovation, a payment system, even a movement against a centralized financial system, and it's all true. Bitcoin is too narrow if we compartmentalize it in one "term" which can be much broader if we can see it from various perspectives. So whatever people see it, whether it's as an asset or investment or a movement, just let it be like that because Satoshi created Bitcoin not only as a digital asset, but more than that.

livingfree

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It's not new. We've been treating Bitcoin as one of the greatest asset and store of value. So, that's something we've been doing already and the technology is Blockchain itself.

Quote from: crypticj on May 15, 2023, 02:03:34 AM

but it's strange to think that crypto just becomes a new stock market where people follow hype and money, and not technology and progress.

Well, that's also why devs have seen the opportunity so they make their own tokens and coins for it to be traded. They've seen that they can take advantage of the situation and it's not just Bitcoin that shall enjoy all of these attention coming from being a great and liquid asset to becoming a piece of technology that's been all-in-one payment method.

kaseygriffin

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Quote from: crypticj on May 15, 2023, 02:03:34 AM

Personally, I think that Bitcoin is a great asset, but it's strange to think that crypto just becomes a new stock market where people follow hype and money, and not technology and progress.

You may be thinking wrong, because what I am feeling in the crypto market as well as bitcoin is showing a lot of different nuances from technology to finance. In essence, it is still itself, the features or limitations are up to us to judge for ourselves, and it is not uncommon for someone to see only limited issues to discuss or vice versa. about the positive rhyme that will help. I personally see that bitcoin has changed a lot and to this day looking at how new people learn about it and people who have been involved for a long time have completely different views, over time I Can imagine some things changing and bitcoin will also be received the way things are.

cryptoaddictchie

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Quote from: crypticj on May 15, 2023, 02:03:34 AM

What do you guys think about that? Do you think it's okay that we as a community treat Bitcoin as an asset and not as a technology that should be used to give people freedom from the banks?

Why not both? Its quite bias that you talked to people and thats what they answered. Its best that youved asked here since many could voice out what they think. But for me, it signify as an asset for now and store of value since Im not using it on my daily needs or transaction. Maybe if bitcoin adopted more it could be a useful for everyone and establishments already recognize that to use on their stores, shops, restaurant. But I think a long way to go to be global yet. But some already using it for that purpose already.

crypticj

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Hello everyone.

Lately, I've been talking with a lot of people on this forum and before that, I really thought that most people here treat Bitcoin as a technology that gives us freedom and represents ideas of satoshi, but I realized that everyone I talked to treat it just like an asset to invest in.

I don't want to say that it's bad, it's just surprising me. I created a thread where I asked if people think that Bitcoin will become stable enough to become a new currency cos I thought it was the whole idea, but everyone was telling me that it will always fluctuate and it's just a method to earn money.

What do you guys think about that? Do you think it's okay that we as a community treat Bitcoin as an asset and not as a technology that should be used to give people freedom from the banks?

Personally, I think that Bitcoin is a great asset, but it's strange to think that crypto just becomes a new stock market where people follow hype and money, and not technology and progress.

Topic: Bitcoin IS an asset. Do you think it's bad? - page 6. (Read 722 times)