Topic: Bitcoin Is Really Meant as a Peer to Peer System (Read 591 times)
In the future, I think cryptocurrency will grow more and more because of the growing demand of human beings.
what is peer to peer system. i'm a newbie and this word is still new with me
Thoughts everyone. In general we really should be focusing and promoting the original vision of Bitcoin and Crypto as a Peer to Peer system. Vs as a means to invest in to get more FIAT. The Fiat system is a failure, so why should be keep feeding the bear.
Don't you all want to get your economy back and become more independent from central control.
Why or why not you want this to happen? thoughts.
I don't want to say that the current monetary system is a failure at this moment because aside from its negatives, it gave also some positives to humanity. Now that a new monetary system has been created, it will take time for the people to use this system. Its complex and there are some establishments that need to eradicate in order for this system to be implemented world wide. Don't you all want to get your economy back and become more independent from central control.
Why or why not you want this to happen? thoughts.
Well, Bitcoin has been created for a peer to peer system. It has been created so that these third party establishments will be remove.
Thoughts everyone. In general we really should be focusing and promoting the original vision of Bitcoin and Crypto as a Peer to Peer system. Vs as a means to invest in to get more FIAT. The Fiat system is a failure, so why should be keep feeding the bear.
Don't you all want to get your economy back and become more independent from central control.
Why or why not you want this to happen? thoughts.
Don't you all want to get your economy back and become more independent from central control.
Why or why not you want this to happen? thoughts.
i also agree that bitcoin and any other cryptocurrency must be used as a P2P system rather than what we are having right now.
but we also cant deny the fact that as of today a P2P system will be hard to initiate since there is still a lot of people who sees cryptocurrency as a means of investment rather than a form of currency.
therefore we still cant stop them from converting it to fiat in order to be useful for them.
Thoughts everyone. In general we really should be focusing and promoting the original vision of Bitcoin and Crypto as a Peer to Peer system. Vs as a means to invest in to get more FIAT. The Fiat system is a failure, so why should be keep feeding the bear.
Yup! That's right but sad to say there are so many hindrances for btc to be used on Peer to Peer transactions, main examples of these are the oppositions such as the private and national banks, the ones who hate the concept and can see loopholes on it and the lack of interest of fellowmen. So, even how hard we advertise crypto it will be still hard to achieve the mass adoption if these problems will not get a solution. However, I can say that the growth of crypto community looks fine. Different blockchains are already used for various industries, new investors are coming, top crypto such as btc, eth and ltc got more popular; I know that we're way too far to crypto revolution but at least we are making progress and that's already a thing you can be proud of.
It will be better for terms of economics but is humanity ready for this? If there will an election about BTC acceptance, make sure 90% will not want to accept it. Because most people do not even know what is going on with money system. Suddenly we should not expect the transition to digital money.
I agree with this statement.
I dont think the majority of humans on this planet can grasp this concept of BTC, let alone a total transformation to digital money.
It will need to become much more widely accepted before it can be viewed as anything other than a P2P at this point.
That is actually the ideal situation that all should be looking forward to but then we can not deny that this is not yet happening at least on the massive scale and in fact there is no guarantee that this is going to be the prevailing scenario in the near-term and even long-term basis as there are many impedimenta and factors that have to be considered first. We can not get away the control of the state just with the kind of money or medium of exchange we are using...no it can take more than that. Maybe decades from now this can be a big reality but not for now...and this is why many people are craving for institutional money to come to prop up the price of Bitcoin and the whole cryptocurrency market.
The Satoshi vision for Bitcoin was for it to function as a alternative P2P payment network, as stated in the Bitcoin White paper. Satoshi realized that centralized payment networks and even government reserve currencies was highly ineffective in a changing global financial system and that most of these centralized payment options was corrupted and exploiting people.
Satoshi then developed this software to function as a alternative option, if people wanted to break away from these systems. Now, most people are not using it as a payment option, but rather as a speculative commodity.
Satoshi then developed this software to function as a alternative option, if people wanted to break away from these systems. Now, most people are not using it as a payment option, but rather as a speculative commodity.
Bitcoin was created as currency, so actually we need to focus on the real intention of bitcoin, but it's not an easy task, to make bitcoin into a successful currency we need the government permit, and because bitcoin is not too popular as currency its a bit hard to make people focus, people prefer to make bitcoin as store of value
If you are allowed by the govt, mostly they will have an access to your fund. Therefore, it's not decentralized. Isn't crypto's one of the purpose is to ensure decentralization in currency/payment system? 
It will be better for terms of economics but is humanity ready for this? If there will an election about BTC acceptance, make sure 90% will not want to accept it. Because most people do not even know what is going on with money system. Suddenly we should not expect the transition to digital money.
Thoughts everyone. In general we really should be focusing and promoting the original vision of Bitcoin and Crypto as a Peer to Peer system. Vs as a means to invest in to get more FIAT. The Fiat system is a failure, so why should be keep feeding the bear.
Don't you all want to get your economy back and become more independent from central control.
Why or why not you want this to happen? thoughts.
Don't you all want to get your economy back and become more independent from central control.
Why or why not you want this to happen? thoughts.
So this way, I think every system will still have weaknesses, however, as well as this P2P, you say P2P systems are only to be invested so that they can produce more FIAT, then disfigure the FIAT system. maybe what you mean is you want a system that monopolizes the economy in other systems.
I dont think that your goal will be right on target.
Every people have their own choice to decide whenever they want to do what kind of transaction they want to.
For me, I just want use bitcoin as investment purpose, of course every people have different way to do but IMO, it's the trully way of cryptocurrency being created !
For me, I just want use bitcoin as investment purpose, of course every people have different way to do but IMO, it's the trully way of cryptocurrency being created !
In ideal form p2p, there shouldn't be an intermediate for a transaction or payment process but it is impossible to achieve. By saying p2p, people mean that this intermediate's fee rate has to be less enough to be ignored and the intermediate's control on the system should only be enough to make the process or transaction. For example, the intermediate shouldn't know persons' identity and keep assets on its own internal system.
maybe it yes, bitcoin will created for all people that want to peer 2 peer system, as we know there are many things in blockchain and bitcoin that work peer to peer. the real thing will not happen right now, but i think in the future we will see about this
Bitcoin main purpose is peer to peer with no central authority controlling our transactions which is proved in all 9 years of bitcoin existence
Why is it that many hates the use of bitcoin as store of value / investment? it isn't ignoring the fact that we can use it as peer to peer system. Everyone is free to use it with the choice that they want to, as the original vision as p2p or as an investment.
Bitcoin means freedom and that's why we, as users has the freedom of choice whether to use it as an investment or payment. The payment usage isn't even forgotten, there's nothing wrong if everybody will use it as both.
I'm one of them who think it would be better to take bitcoin as p2p currency. Why should we take it as investment opportunity? Why most of the people aren't still willing to use bitcoin as a daily life currency? Those 2 questions are related one with another. As long as bitcoin is highly volatile, it will not be accepted as a daily life currency. Merchants may have some option to get approx $$ value, I'm not sure if it exists but I am sure that there was an ICO which aims to take bitcoin as payment from customer and pay fiat to the seller. It may be a solution but still it's not fulfilling the objective of p2p. We have to depends on other. The possibility of being bitcoin used as a daily life currency instead of fiat is likely low and one of the resistance is the volatile nature of bitcoin which is being occured because of taking it as an golden chance of making profit. I'm not against it though. Just I think the future of bitcoin in this way. Bitcoin means freedom and that's why we, as users has the freedom of choice whether to use it as an investment or payment. The payment usage isn't even forgotten, there's nothing wrong if everybody will use it as both.
Thoughts everyone. In general we really should be focusing and promoting the original vision of Bitcoin and Crypto as a Peer to Peer system. Vs as a means to invest in to get more FIAT. The Fiat system is a failure, so why should be keep feeding the bear.
Don't you all want to get your economy back and become more independent from central control.
Why or why not you want this to happen? thoughts.
Don't you all want to get your economy back and become more independent from central control.
Why or why not you want this to happen? thoughts.
Yea unfortunately the majority in the world dont care about bitcoin, they
are blind to what it can offer. They are too busy either trying to survive,
are so wealthy or are in the middle going through their daily routine.
We can still use bitcoin as a peer to peer payment system but the bitcoin
ecosystem is not yet evolved enough to realise this. As long as we BUY
bitcoin it will be used as an investment. When we can earn bitcoin and
widely spend it then the ecosystem will be better.
Thoughts everyone. In general we really should be focusing and promoting the original vision of Bitcoin and Crypto as a Peer to Peer system. Vs as a means to invest in to get more FIAT. The Fiat system is a failure, so why should be keep feeding the bear.
Don't you all want to get your economy back and become more independent from central control.
Why or why not you want this to happen? thoughts.
There are very few people who don't look at Bitcoin as profit. And we can not blame anyone about it, because everybody needs current money to live. I am sure who understands about cryptocurrency knows that this system is better than traditional. But unfortunately, we are not responsible for accepting. And without doubt one day they will be forced to use this system and this time is not far away. Don't you all want to get your economy back and become more independent from central control.
Why or why not you want this to happen? thoughts.
Thoughts everyone. In general we really should be focusing and promoting the original vision of Bitcoin and Crypto as a Peer to Peer system. Vs as a means to invest in to get more FIAT. The Fiat system is a failure, so why should be keep feeding the bear.
Don't you all want to get your economy back and become more independent from central control.
Don't you all want to get your economy back and become more independent from central control.
I sympathize with your point, but it's impossible to separate Bitcoin's network value from greed. Its scarcity of supply means that as demand rises, so does price. Inevitably, that means speculators entering the market to capitalize on those gains.
It's not just about gaining fiat money either, but about purchasing power. At some point, Bitcoin will hopefully become a popular unit of account with its own self-sufficient economy. At that point, holders won't need to sell for fiat money to realize gains. They'll be able to spend their bitcoins for anything they need.
Thoughts everyone. In general we really should be focusing and promoting the original vision of Bitcoin and Crypto as a Peer to Peer system. Vs as a means to invest in to get more FIAT. The Fiat system is a failure, so why should be keep feeding the bear.
Don't you all want to get your economy back and become more independent from central control.
Why or why not you want this to happen? thoughts.
Don't you all want to get your economy back and become more independent from central control.
Why or why not you want this to happen? thoughts.
There are lots of special features are there in the development of Bitcoin and it can be definitely don't know by lots of people and still many people don't know about Bitcoin system and its technology development it will not recognised by lots of people still now.
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