Topic: Bitcoin Is Really Meant as a Peer to Peer System - page 2. (Read 591 times)

In my opinion fiat and bitcoin cannot be compared and compared, because these two currencies have different worlds. In my view, bitcoin is more suitable for digital transactions, but fiat is more suitable for real transactions

Exactly, Fiat will not be replaced by BTC anytime and globally the governments will not allow for this as their main motto lies on corruption, that's the reason a lot of government are still holding crypto currencies by banning them. that's why they have kept it as a secondary option.

rigth now, we need both Fiat and BTC together, we can't dump fiat and go BTC all the way, we need time for that.

firstly fiat has many many bad things. bitcoin should not be trying to attain FIAT status. it should not add more silly features to make it FIAT-esq by bloating up the txbytes which end up reducing the transaction count/utility potential.

pandering features towards big business and services while ignoring the concept of individual control is not a aim developers should be striving for

secondly bitcoin should remain as the open other choice to fiat. EG an escape route away from fiat. as oppose to trying to make it into and to replace fiat

bitcoin wont become the "one world" currency. and if it did. it will be a worse situation than the fiat situation average joe is stuck in today

doing silly things like shout out Myspace systems cant handle the membership so how about try facebook is not going to make myspace any better. and the same goes for the guys saying bitcoin cant handle X so try a different network

bitcoin should get back to being the slim, lean transaction protocol that just sends funds from one address to another. allowing more transactions per second, meaning more people able to transact. and also implementing a proper fee mechanism where those that spent their funds with least confirms pay higher price as a way to only punish spammers and make the spammers the ones that find other networks a convenience.

in the real world people only spend with their visa card 1-2 times a day on average. so yea bitcoin does not need to push average joe over to other networks. it just needs to push a small NICHE of spammers off the network and into "convenience" services and networks. bitcoin does not need to punish every user with higher fee's during spam/high demand. as a fee mechanism will just make those regular spenders pay the price while not harming the occasional shopper with surprise new higher fee costs

as for the blockchain data itself. there are multiple ways to handle it without having to pressure people to give up their individual control. again pushing people into vaults/custodians is not the future bitcoin should aim for

It takes time to develop the infrastructure for a peer to peer payment system where you can pay for daily goods without fiat. Also, making money attracts more people which is good for bitcoin

Everyone wants fairness, and in particular this system also grants everyone the right to access and transparently see others about FIAT. The FIAT system is becoming obsolete, and most people use hard cards for paper money replacement services. This may be one of the significant changes if crypto is accepted worldwide.

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.

Although we all know that the fiat system may be used in corrupting people than using decentralized Bitcoin that have peer to peer transaction system which is having transparency to anyone. After the barter system, fiat was found and created, until now it has existed.
I think it takes some time to bypass the fiat over Bitcoin. Because Bitcoin needs mass adoption and of course to become legitimately used as a payment system. As of now, let's accept the fact that we can only use in trading and holding.

Initial, the intention of many investors is because of the peer to peer payment system but as time goes on,  when the price of bitcoin continued to increase and a lot of hodlers gaining from it, the main interest shifts from the payment system to profits. Since we man are opportunist and greedy,  we urspe the opportunity.

the fiat system is a pretty bad one and in many countries it is corrupted but it still won't go away because fiat is not something that just dies one day even if bitcoin was at mass adoption stage and every one was using it for their day to day transactions, fiat would still be around because bitcoin is an additional option and is not meant to replace anything.

A lot of friends here who  once used the bitcoin in an online investment think is a Ponzi scheme for it been majorly use by some scammers promising high returns. Sometimes it's difficult trying to teach an old dog a new trick, because he thinks he knows it all. The only convincing evidence for them is until I Lambo with my bitcoin trade, by then it may well just be above their reach. The truth is that: Men have not been hit economically to point of desperation, until then they will continue to cherish the fiat.

What is important for me is that Bitcoin allows peer to peer transactions, not that it requires them. So long as this is true I have the advantage of being able to conduct direct peer to peer transactions when I wish, while keeping the convenience and utility of other arrangements (such as lending platforms and "banking" services) the rest of the time. The future is not all-or-nothing because financial transactions occur for myriad reasons and in innumerable situations. What Bitcoin provides is greater flexibility in addressing those situations than was possible with centralized fiat systems. That is part of what gives it enduring value and the opportunity to supplant centralized fiat systems going forward.

This will take time. Humanity is going to transition from government controlled money to independent (p2p) money. The concept and implications themselves are world changing, and people simply take time to adapt, even after learning about it (which is still far from done, even after 10 years of BTC).

Of course we want to quickly get rid of the State messing with the money anytime they want, and inflating it because they need people to be in eternal debt "to stimulate the economy"...

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.