Bitcoin is useless or is it? | Bitcointalksearch.org

stepwilli

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Quote from: Kriptex on September 02, 2017, 07:47:21 PM

Quote from: Jewell on September 02, 2017, 05:30:38 PM

Quote from: MrEthics69 on September 01, 2017, 12:58:58 AM

Bitcoin is not useless it's useful for consumer.
Now days Bitcoin became more and more popular to people and people like to use it.

Yes it is true that bitcoin is getting more and more popularity day by day. So this statement is useless not really the bitcoin is. Everyone will see in the near future that there will be only one currency prevail throughout the world and that will be the crypto digital currency. It will be used by everyone to buy anything required by them throughout the whole world and they will pay from their bitcoin wallet easily.

I don't care about its usage anymore like some other people said.

I try to see the demand to bitcoin, and popularity of it. Bitcoin doesn't have to be used in real life.

We can try to benefit from its economical and financial aspects, its market value, its demand. Everything.

Yes I also agree with you that we should see the demand for bitcoin and not the use of it. Because if something is growing more and more in a few years, it means that its importance and advantages have been accepted by the people of the whole world. Therefore I also do not think that bitcoin is useless. It was useless then many of the people would not invest in bitcoin. They would invest in some other business.

Kriptex

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Quote from: Jewell on September 02, 2017, 05:30:38 PM

Quote from: MrEthics69 on September 01, 2017, 12:58:58 AM

Bitcoin is not useless it's useful for consumer.
Now days Bitcoin became more and more popular to people and people like to use it.

Yes it is true that bitcoin is getting more and more popularity day by day. So this statement is useless not really the bitcoin is. Everyone will see in the near future that there will be only one currency prevail throughout the world and that will be the crypto digital currency. It will be used by everyone to buy anything required by them throughout the whole world and they will pay from their bitcoin wallet easily.

I don't care about its usage anymore like some other people said.

I try to see the demand to bitcoin, and popularity of it. Bitcoin doesn't have to be used in real life.

We can try to benefit from its economical and financial aspects, its market value, its demand. Everything.

miyong

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Whatever the transaction cost is all about, i will consider bitcoin as useful in my part. It gives me job and extra income that help me support my fees in school and support the basic needs of my family.

alfs75

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platform for everyday business

Quote from: loiterin9 on May 14, 2017, 04:06:01 AM

With transaction costs rising above $1 the original promise of cheap remittance using Bitcoin is officially dead. Without utility Bitcoin use is limited to speculation only and even further what is there to speculate about?

I would like to debate this and gauge the community's response to Bitcoin experiment.

Bitcoin is not useless, but definetly its helps a lot the people to have a works ,to have an exchange trade to its ecomic products easily.

aizen10

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Quote from: loiterin9 on May 14, 2017, 04:06:01 AM

With transaction costs rising above $1 the original promise of cheap remittance using Bitcoin is officially dead. Without utility Bitcoin use is limited to speculation only and even further what is there to speculate about?

I would like to debate this and gauge the community's response to Bitcoin experiment.

i think its because of the value of bitcoin, recently the transactions fee from all remittance not just than that but all transactions related from bitcoin are raise to its original promise fee because of its value and demand now. more and more people are buying/to have/gain much bitcoin to get them much profit in the near future so the quantity of bitcoin are become much limited because some of the other people are collect them as much as they can and holding it until it pump huge in the market,

skyline247

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If Bitcoin was useless it would be worth $0. Anything that is useless is also worthless. Therefore given the price of Bitcoin is $4,500 and growing it means Bitcoin is very useful.

Jewell

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Quote from: MrEthics69 on September 01, 2017, 12:58:58 AM

Bitcoin is not useless it's useful for consumer.
Now days Bitcoin became more and more popular to people and people like to use it.

Yes it is true that bitcoin is getting more and more popularity day by day. So this statement is useless not really the bitcoin is. Everyone will see in the near future that there will be only one currency prevail throughout the world and that will be the crypto digital currency. It will be used by everyone to buy anything required by them throughout the whole world and they will pay from their bitcoin wallet easily.

Akash1243

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Of course bitcoins aren't useless you think so because transactions fees are bit high now but you won't look at the fact that how much does bitcoins value have risen past this year from $900 to sky rocketing $4800 so of course transactions fees would have increased.Though that it is around $5 i think it is worth the price of bitcoin.Its high for micro Transactions but many people use it for big transactions where thus $5 are negligible.Bitcoins are still great for long term investment and even many countries have start recognising it's potential as bitcoin has been legalised in many countries.

w33man

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Quote from: loiterin9 on May 14, 2017, 04:06:01 AM

With transaction costs rising above $1 the original promise of cheap remittance using Bitcoin is officially dead. Without utility Bitcoin use is limited to speculation only and even further what is there to speculate about?

I would like to debate this and gauge the community's response to Bitcoin experiment.

I think this is one of the problem bitcoin is facing. Bitcoin transaction fee is too high, it's not like the way it is before. I think the charges didn't change, that's why a lot of people are complaining about it being expensive, it's because of bitcoin price is increasing. Before, people would even just ingore 100k satoshi transaction fee because it was cheap, but now 100k satoshi would hurt a lot, because it costs more more than a dollar.

Theb

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Quote from: mace15 on August 23, 2017, 07:22:54 PM

Quote from: yadi cihuy on August 23, 2017, 06:21:16 PM

True, bitcoin transactions are now becoming expensive .. as well as the services used are still the same. Now there is no word "easy transaction with cheap fee" is just a lie. All bitcoin fees go up and make people lose their money to make transactions. I think it's cheaper to use bank transactions than bitcoins.

The bitcoin become expensive the fees become high. This is the most issues when bitcoin become expensive and I hope this will be corrected. I still use bitcoin than bank in bank every transactions is monitor and they always verify your outgoing transactions. Bitcoin is still going strong just the transaction fees hope it would be less.

High transactions fees does not equate to Bitcoin being a useless currency, its just that this are simply needed in order for the whole operation to be working. Additionally there are ways to avoid the fees like inter-wallet transfers, what I mean about that is some wallet providers have free transfers if you are exchanging it in the same wallet e.g. Coinbase to Coinbase and the transfer is fast. Don't judge Bitcoin just because of its fees it has other useful function such as being an investment for us.

Rizky Aditya

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Quote from: MrEthics69 on September 01, 2017, 12:58:58 AM

Bitcoin is not useless it's useful for consumer.
Now days Bitcoin became more and more popular to people and people like to use it.

Words like useless, waste etc are not supposed to be called with bitcoins in any sense. Any person with a little common sense and a little search on bitcoins will avoid such rubbish thing. Bitcoins is the most expensive asset now but people are too ignorant or arrogant.

MrEthics69

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Bitcoin is not useless it's useful for consumer.
Now days Bitcoin became more and more popular to people and people like to use it.

mace15

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Quote from: yadi cihuy on August 23, 2017, 06:21:16 PM

True, bitcoin transactions are now becoming expensive .. as well as the services used are still the same. Now there is no word "easy transaction with cheap fee" is just a lie. All bitcoin fees go up and make people lose their money to make transactions. I think it's cheaper to use bank transactions than bitcoins.

The bitcoin become expensive the fees become high. This is the most issues when bitcoin become expensive and I hope this will be corrected. I still use bitcoin than bank in bank every transactions is monitor and they always verify your outgoing transactions. Bitcoin is still going strong just the transaction fees hope it would be less.

jb77889

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The value of a Bitcoin depends on the perspective of each individual. Some may view bitcoin is useless while some value bitcoin and maximize its use as far as it can. Personally, bitcoin is not at all useless because in this day and age where technology is really part of our daily lives, and bitcoin, as everyone believes is the future of money, you can do a lot with it and its up to you to make it your advantage among the people who see it as useless.

angaper

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Quote from: Bigmacduck on August 23, 2017, 06:15:57 PM

One could also argue that gold is as useless as bitcoin. It is a good electrical conductor and bracelets look good on a lady's naked skin and they love jewlery gifts made from gold. Other than that it is a useless metal.

On the other hand, people use gold as a store of value since thousands of years because it is heavy, shiny, in limited supply and relatively difficult to mine.

Bitcoin is much of the same as gold, and more. But it's not possible to surprise your lady with it and it is not shiny.

It does not seem like a good analogy, since all those applications that use gold as a raw material (and many more, especially in science) are enough arguments to establish that gold is not a useless metal. In terms of practical usefulness in real life, there is no doubt that gold can not be considered as worthless ... which would be difficult to defend in the case of bitcoin and other altcoins, although it is well known that the blockchain has proven to be very useful for a myriad of utilities in the virtual world.

yadi cihuy

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True, bitcoin transactions are now becoming expensive .. as well as the services used are still the same. Now there is no word "easy transaction with cheap fee" is just a lie. All bitcoin fees go up and make people lose their money to make transactions. I think it's cheaper to use bank transactions than bitcoins.

Bigmacduck

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One could also argue that gold is as useless as bitcoin. It is a good electrical conductor and bracelets look good on a lady's naked skin and they love jewlery gifts made from gold. Other than that it is a useless metal.

On the other hand, people use gold as a store of value since thousands of years because it is heavy, shiny, in limited supply and relatively difficult to mine.

Bitcoin is much of the same as gold, and more. But it's not possible to surprise your lady with it and it is not shiny.

xaxistech

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Quote from: killmenow on August 23, 2017, 04:55:49 PM

Quote from: TropicalDog17 on August 21, 2017, 04:20:36 AM

Quote from: loiterin9 on May 14, 2017, 04:06:01 AM

With transaction costs rising above $1 the original promise of cheap remittance using Bitcoin is officially dead. Without utility Bitcoin use is limited to speculation only and even further what is there to speculate about?

I would like to debate this and gauge the community's response to Bitcoin experiment.

Yes, i costs alot of money to transact small money. I have changed my default currency to another altcoin. Hope in future dev can find way to fix that problem

you don't have to worry about that problem because near in future when bitcoin become most famous the transaction fee is also so less that we can afford small transactions by very big profit, so i suggest you to stick with bitcoin

I agree that bitcoin fees are being to much higher at the moment, just a minutes ago i wanted to make a payment of about 0.01 and they charged 0.001 of fees, that is quite high. There are wallets that are charging up to 0.002 per transaction.
That is the only thing that i dont like of bitcoin, also today the blockchain network is so slowly.

killmenow

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Quote from: TropicalDog17 on August 21, 2017, 04:20:36 AM

Quote from: loiterin9 on May 14, 2017, 04:06:01 AM

With transaction costs rising above $1 the original promise of cheap remittance using Bitcoin is officially dead. Without utility Bitcoin use is limited to speculation only and even further what is there to speculate about?

I would like to debate this and gauge the community's response to Bitcoin experiment.

Yes, i costs alot of money to transact small money. I have changed my default currency to another altcoin. Hope in future dev can find way to fix that problem

you don't have to worry about that problem because near in future when bitcoin become most famous the transaction fee is also so less that we can afford small transactions by very big profit, so i suggest you to stick with bitcoin

prudencetoller

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Quote from: lombok on August 21, 2017, 06:12:43 AM

If that bitcoin is not useful why the price to pay for a coin can be as high as it is now. Indeed for transaction costs are quite expensive but who need it more and more.

I do agree with you. The price of bitcoin keeps increasing and that has proved bitcoin is not useless. More people are buying bitcoin because they believe in it. They believe that bitcoin can give you the think which real money can not give them

Topic: Bitcoin is useless or is it? (Read 12776 times)