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 don’t really see anything that makes bitcoin useless in anyway. Unless, to those that sees it as useless, but not for me. With Bitcoin you can accomplish a lot of things today, including making an easy sending and receiving of payment, a reliable source for making savings and increasing your income and a lot more of other things. 
Topic: Bitcoin is useless or is it? - page 2. (Read 12826 times)
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.
The high price is not just a thing that makes bitcoin what it is , they have numerous advantages that are very profitable to a professional as well as a newbie.If at all the price's go down we all know that bitcoin did set an example for the world that crypto currency are worth investments and is more than ready to be accepted by every government on the globe .
Bitcoins did cause for the birth of other digital crypto currency like ethereum . the price's of bitcoin may fluctuate but in long term they always seem to go up if at all the value becomes low many people would buy BTC just because they have trust in BTC that it would gain value by taking its time
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.
Bitcoin is on the rise and it isn't useless at all, especially for those who are out of work and rely on Bitcoin as a day to day income. Many of us have been priced out or kicked out of the traditional job market and without Bitcoin a lot of us would be lost by the way side.
Yes, I totally agree with your opinion. I think Bitcoin has many functions and it is also very useful. The use of modern blockchain technology makes it easier and more convenient for people to transaction, trade, saving money. Another thing is that, as you say, Bitcoin has helped people without a job to earn income, although the income is not high but it is very useful to them, making their life better than before. And my life is better thanks to Bitcoin 
Bitcoin is on the rise and it isn't useless at all, especially for those who are out of work and rely on Bitcoin as a day to day income. Many of us have been priced out or kicked out of the traditional job market and without Bitcoin a lot of us would be lost by the way side.
I am a bit annoyed that my government still has not set the bitcoin so bitcoin is only included in the online market that can not be applied offline, this makes bitcoin useless in the eyes of many real workers. But I see it from the point of view of the virtual investment assets and the increase in trading volume so they will be surprised when the bitcoin price is legal and has a price above the fiat average.
Bitcoin is on the rise and it isn't useless at all, especially for those who are out of work and rely on Bitcoin as a day to day income. Many of us have been priced out or kicked out of the traditional job market and without Bitcoin a lot of us would be lost by the way side.
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 would like to debate this and gauge the community's response to Bitcoin experiment.
Bitcoin is not useless, it is a decentralized digital currency or so-called electronic currency. Bitcoins themselves are not as bad as people think. Previously not involved in transactions I also believe bitcoin is virtual currency. But now I have a more accurate view of bitcoin. I believe bitcoin.
I agree with him. It,s impossible, because bitcoin is too much trusted currency . Now, in the world the popularity of bitcoin is so much. It is a part of life at most 30% people. It is a virtual currency. So people trust it so much. I believe that the future of bitcoin is bright. I love Bitcoin.
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 problemI would like to debate this and gauge the community's response to Bitcoin experiment.
I don't know why people are complaining with the fees, I will admit it is really a big fee but I don't think that it needs to be complained. With the high price of bitcoin now, it is really obvious.
If you are having a hard time with this fees, I suggest you avoid making transactions with a small amount especially when you're coins to be transacted are equal to the miner's fee.
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 I would like to debate this and gauge the community's response to Bitcoin experiment.
indeed. The low transaction fee's are a lie now. better to buy your pizza with real money or pay more with BTC.
Can anyone tell me for whom those fee's are, and why they are rising?
Can anyone tell me for whom those fee's are, and why they are rising?
The fees are being paid to miners to process transactions. The higher the volume of transactions the more effort is required to process, minres are motivated to process transactions that carry a higher fee first. This triggers a cascading effect, if a user what a transaction to be processed sooner he has to pay more.
In the traditional processing model, processing fees go down with volume. Users and acquirers work with a predictable pricing structure. Acquirers compete with each other driving making fees more competitive for merchants. Bitcoin turned this upside down and made users compete with each other. I believe this is not sustainable.
indeed. The low transaction fee's are a lie now. better to buy your pizza with real money or pay more with BTC.
Can anyone tell me for whom those fee's are, and why they are rising?
Can anyone tell me for whom those fee's are, and why they are rising?
The fees are being paid to miners to process transactions. The higher the volume of transactions the more effort is required to process, minres are motivated to process transactions that carry a higher fee first. This triggers a cascading effect, if a user what a transaction to be processed sooner he has to pay more.
In the traditional processing model, processing fees go down with volume. Users and acquirers work with a predictable pricing structure. Acquirers compete with each other driving making fees more competitive for merchants. Bitcoin turned this upside down and made users compete with each other. I believe this is not sustainable.
Bitcoin is very useful for me but do not know bitcoin for others ,, because of the bitcoin now my life so changed, farther than yesterday, lucky i can get to know bitcoin.
bitcoin is not useless, it is the simplest way to do transactions, and its value, thoug volatile, is always getting higher, you can make a fortune from bitcoin if you know how to invest it.
Bitcoin is not useless, because using bitcoin more unemployed people were got job using bitcoin. Moreover bitcoin help all level of people in different countries to have an income.
bitcoin is really very useful for all the price of the bitcoin is increasing day by day and it will increase in some days today the price of the bitcoin is suffering from a little dump but it will maintain its position soon if it is down today it will increase and will take the user to the high position again so bitcoin is a useful currency it is never been useless. 
Really!
What a joke yrr!!
when I am sending 100 dollars to a friend it wants to pay 2.30 dollars to get it sent with "hope" to get it there in under one hour!
What a joke yrr!!
when I am sending 100 dollars to a friend it wants to pay 2.30 dollars to get it sent with "hope" to get it there in under one hour!
indeed. The low transaction fee's are a lie now. better to buy your pizza with real money or pay more with BTC.
Can anyone tell me for whom those fee's are, and why they are rising?
Can anyone tell me for whom those fee's are, and why they are rising?
The fees are being paid to miners to process transactions. The higher the volume of transactions the more effort is required to process, minres are motivated to process transactions that carry a higher fee first. This triggers a cascading effect, if a user what a transaction to be processed sooner he has to pay more.
In the traditional processing model, processing fees go down with volume. Users and acquirers work with a predictable pricing structure. Acquirers compete with each other driving making fees more competitive for merchants. Bitcoin turned this upside down and made users compete with each other. I believe this is not sustainable.
Definitely bitcoin is not useless, nowadays more people used bitcoins to buy their needs and wants in different country. Actually many of us here earned bitcoin in joining signature campaign, bounty and trading.. So i am pretty sure that the bitcoin is very useful and helpful to everyone.
I agree.Bitcoin has become so much useful nowadays.Since people are already expose to cryptocurrencies right now,then having bitcoin is the best choice.Bitcoin from the start prove to me that it's more than fiat money,it can be a source of your retirement in the future.It can really change someone's lifestyle.I believe bitcoin had helped everyone especially those who are in the state of poverty. 
Definitely bitcoin is not useless, nowadays more people used bitcoins to buy their needs and wants in different country. Actually many of us here earned bitcoin in joining signature campaign, bounty and trading.. So i am pretty sure that the bitcoin is very useful and helpful to everyone.
OP was talking specifically about paying high fees for a low value transaction. After reading your answer, I do not get the impression that you've even read the first post of this thread.
Also, this thread was made a while ago when transaction fees were a lot higher than they are now.
Well considering I just purchased some printer ink to be delivered to my door I would say it certainly is very useful. I have bought a heat gun diablo3 overwatch boxed editions. I have bought art supplies and electronics. I have even paid for PC parts with Bitcoin. So yes it works it's fast an amazing. It's much wuxker then paying by bank and way less of s headache.
Definitely bitcoin is not useless, nowadays more people used bitcoins to buy their needs and wants in different country. Actually many of us here earned bitcoin in joining signature campaign, bounty and trading.. So i am pretty sure that the bitcoin is very useful and helpful to everyone.
Jump to: