Topic: Bitcoin is useless or is it? - page 3. (Read 12826 times)
It depends on the user who uses it, and in my opinion very few due to the lack of understanding about the goodness of bitcoin describe bitcoin as useless. More users at the beginning of digital currency usage doesn't believe in its potential, but the time gives the real answer to it and make people trust in it and make further investments.
It's not useless and the reason also why the fees are increasing is because the bitcoin also is increasing in it price that's how it is mate. And, further to what you complain about the fees maybe we should wait with some further advancement of the incoming Segwit this !st of August it will be tackled I think right there the fees if it will increased there but with a higher effect that it would be faster because of the many blockchain slow transactions.
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.
Of course bitcoin certain is not useless and I can defend it because it actually gives us a good sources of financial freedom. That job being provided to us by bitcoin really brings better life to us, and the unemployed people wull just prefer earning better rather than employed ones. If all people around the world will gain positive visions, I think they will develop that attitude of being hardworking for bitcoins.
Yes bitcoin is unless if you do not work at right position or if you do not maintain their link rule & regulation .then we think its unless.
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 very useful for the new generation customers to reduce their presence while doing transactions as people are eligible to do digital money exchange between two Bitcoin wallets. At first, I didn't believe and don't care about Bitcoin technology. After some days, I heard that my friend was invested and earn money. Then, research about that and invested. I will use my bitcoins for transactions purpose only. If the value is more, then I will sell or use for my new business.
Bitcoin is not that really popular in our country. But we can exchange bitcoin in Philippine peso. It is not useless as you can use it, I believe such sites can accept bitcoins as their payment for their access. Bitcoin is versatile when it comes to its usage.
Bitcoin is a money and money can never be useless and if you think that its useless then even fiat is useless but I don't think that any user of bitcoin will consider it as a useless as its helping all of us in best ways and also taking care of our expenses.
People were thinking that bitcoin is useless 4 years ago.
Look at them now
I am sure no one in the right sense would think that bitcoin was useless in 2013 if that is what you are telling,if you are getting a valuation for a product how can that be useless and how would anyone think like that,so everyone who understand the technology and understand the impact it can make will understand the true value of bitcoin.Look at them now
People were thinking that bitcoin is useless 4 years ago.
Look at them now
I am sure no one in the right sense would think that bitcoin was useless in 2013 if that is what you are telling,if you are getting a valuation for a product how can that be useless and how would anyone think like that,so everyone who understand the technology and understand the impact it can make will understand the true value of bitcoin. Look at them now
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?
Yes that's a wonderful question, I'm also getting curious about that fee. On the first time it was just okay but as time goes by the fees are getting high. I wonder where that fees goes, the last time I checked, bitcoins are decentralized. Where does that goes? Can you tell me where?Can anyone tell me for whom those fee's are, and why they are rising?
Decentralization includes many parties, which we need to know is the need for exchange services and many miners to help us transact, this doesn't change the decentralization element, high fee depends on the price level and mempoll depth.
1. International money transfer,
2. for keep money,
3. gambling,
4. pay for internet service,
5. pay to freelancers it foreign countries
2. for keep money,
3. gambling,
4. pay for internet service,
5. pay to freelancers it foreign countries
"Digital money such as BTC will only match the attributes of physical cash if there are major advances in the ease, cost and certainty with which digital transactions are handled. In particular there will need to be considerable progress in the following areas: verification, confidentiality, ease of use, interoperability and reliability – throughout the entire transaction chain."
Obviously, BTC is not useless. Everything has a purpose. That is an excerpt from my all time favorite PDF for moneys
Obviously, BTC is not useless. Everything has a purpose. That is an excerpt from my all time favorite PDF for moneys
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?
Yes that's a wonderful question, I'm also getting curious about that fee. On the first time it was just okay but as time goes by the fees are getting high. I wonder where that fees goes, the last time I checked, bitcoins are decentralized. Where does that goes? Can you tell me where?Can anyone tell me for whom those fee's are, and why they are rising?
People were thinking that bitcoin is useless 4 years ago.
Look at them now
umm you are very much right here that bitcoin is a kind of currency in which people invest happily and confidently and with each investment the price of bitcoin increases so! Bitcoin can never get down infect bitcoin is being more and more safe and secure so the future of bitcoin is very high and it will never get down. Look at them now
How could bitcoin be useless? As long as is the strongest cryptocurrency with highest value, as long as you can trade it or buy and sell stuff for it it will not be useless. So I don't think bitcoin is just experiment, it's much more.
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.
This post has to be the stupidest I've come across on this forum. even with the increased fees, bitcoins is still cheaper than most money transfer instruments. For tiny amount, it may not be ideal if compared to paypal or skrill, both those are centralized and can decide to keep your money with no recourse to you. I expect the fee issue to resolved at some point.
People were thinking that bitcoin is useless 4 years ago.
Look at them now
Look at them now
How can something worth too much be useless?
I can't really understand it just because of the transaction fee being high that doesn't really mean that it is useless.
You are right, bitcoins is just not good for transaction of small payment because of the fees sending I can't really understand it just because of the transaction fee being high that doesn't really mean that it is useless.
but bitcoins is still good to be considered as digital asset or digital gold,
bitcoins is still useful, it is just not good for be currency especially for small amount of transaction
let's wait until the activation segwit2x on bitcoin's network sounds can fix this problem.
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?
Yes that's a wonderful question, I'm also getting curious about that fee. On the first time it was just okay but as time goes by the fees are getting high. I wonder where that fees goes, the last time I checked, bitcoins are decentralized. Where does that goes? Can you tell me where? Can anyone tell me for whom those fee's are, and why they are rising?
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