Topic: Bitcoin must come back to its original use - currency ! - page 4. (Read 1815 times)

Bitcoin is a digital currency, proven by the acceptance of Bitcoin for payment of various types of goods and services in various countries.
What is still a problem is the difference between countries in dealing with bitcoin, meaning that there are countries that accept but there are those who refuse. While those who received the regulation still differed from one country to another.
This is a bitcoin problem that must be overcome for the advancement of bitcoin in the future.

Bitcoin is a digital currency, proven by the acceptance of Bitcoin for payment of various types of goods and services in various countries.
What is still a problem is the difference between countries in dealing with bitcoin, meaning that there are countries that accept but there are those who refuse. While those who received the regulation still differed from one country to another.
This is a bitcoin problem that must be overcome for the advancement of bitcoin in the future.

for that there must be a product that is willing to accept bitcoin as their official payment, so that everyone who will buy the product must use bitcoin and definitely other products and companies will follow that step.

Electronic money will dominate the financial markets. Its application is fast and convenient to shorten the time of other transactions on the internet. And imagine that when you buy something online there is a list of payments by bitcoin that is great. The digital age of territorial nations that need to be adapted and applied to the nation will grow dramatically.

I hope bitcoin could come back at higher price about $10,000 and will have positive effect for all altcoin could raised to higher price again, many time almost all of altcoin at lower price because bitcoin still could back at higher price.

Well, adoption keeps on increasing as the need for bitcoin and acceptance all around the world is going high. Bitcoin as a mainstream currency takes time to reach the global market. As of now very little people are aware of bitcoin in comparison to the fiat usage globally.

Anonymity is what many came to this market, hoping that they can hide their identity while working to earned money, if that will be compromised
as integrating with banks required you to provide your legal ID's then the essence will be lost, we have to be positive that the system itself will be
adopted without any changes with how the way we knew it.

Things will happen accordingly, it's just need to have some time and understanding.

Yes it needs to be but not in the way as OP says,because bitcoin is decentralized so we can have the freedom os using money so when we are restrciting the creation of bitcoin addresses and lonk our bitcoin wallet to bank will make obsolete of the decentralization.

Yeah adoption will continue to happen, and you can't use someone to use bitcoin for currency. in fact bitcoin can be used for many things, and that's good because it's multi-tasking. so the point is no need to make a fuss about using bitcoin, because everyone is free to use bitcoin for anything

This is going to be the case for some time but I really think that things are going to change in the next years and decades, adoption is not something that you can force out of people, they do not see the reason for adopting bitcoin yet but they are going to see it in the future when there is an economic crisis and they understand it was because of fiat currency.

This is going to be the case for some time but I really think that things are going to change in the next years and decades, adoption is not something that you can force out of people, they do not see the reason for adopting bitcoin yet but they are going to see it in the future when there is an economic crisis and they understand it was because of fiat currency.

for that there must be a product that is willing to accept bitcoin as their official payment, so that everyone who will buy the product must use bitcoin and definitely other products and companies will follow that step.

As the title says I am pretty sure most of us who understands "what is the actual use of the bitcoin will know what it says"

Bitcoin :
Mint Symbol : BTC
Value : Avg. 10K USD/BTC
Form : Virtual
Use : Currency

This should have been the actual thing after the Satoshi's dream to release the coin like BTC in the market. The bitcoin was supposed to be used as currency to buy and sell things the same way we do with our dollar.

The first use of BTC was done when the guy bought pizza for 10K BTC. That was the thing which should have been continued today also. No matter what how much you pay for pizza in those early days, it could have been few satoshi's today but it could have worked just fine.

The status of the BTC has now turned to commodity. The commodity which is being traded globally for the own profit and to run the different industries. This is getting ridiculous day by day as replica of it coming out of the forks.

This Should have been the Future:

Bitcoin is ebbing used as currency in 2009-2010. Government see that its popularity is growing day by day and it could be of could use in the financial sectors, lets implement the blockchain in our banks!

Bitcoin earns the legal status

Bitcoin gets widespread across the globe and rest of the country follow the same and thus the nationwide legal status turns into the global legal tender!

People start using the BTC for trading daily life needs with help of bitcoin.

There are no creation of million BTC addresses daily but the only one unique address per head per bank account!

No exchangers are being created but only handy smart phone apps and PC wallets to store the coins linked with bank chain.

Bitcoin smoothly shifts in the market capitalism and keeps going upwards slowly but steadily. The value rises and it gets cheaper to use for daily needs.

Global financial advisor think about minted coins to be formed physically with unique barcodes printed on them.

First appearance of the BTC in the global market!

Yes, that seems to me perfect. This is what bitcoin could have followed but greedy human changed its history by using it for their own benefit as commodity.

It is impossible to take Bitcoin back to it's original use as currency because investors are keep on hoarding it themselves for a long term investment. Bitcoin is for everyone but now only wealthy people can afford to have atleast a coin plus it is only applicable to bigger transactions due to high fees. But yeah I love it when Bitcoin will be used again as currency and Altcoins as digital commodity.

I usually use Bitcoin in buying prepaid loads and also paying bills here in my country and it is super fast and easy compared to fiat currency. But when I first knew about Bitcoin it is really a currency but when I came through various online communities they used it as investment just like precious stones and metals. My question is how could it be back when all the people are using it for investment purposes and not as currency?

I'd love to use my Bitcoi. But then again, utility companies don't accept bitcoins, groceries haven't heard of bitcoins even my insurances don't give a damn about it. I mean yeah internet related transactions are good but I don't have any transactions over on the internet. But like any other fiat, you can always invest on them.

I whole heartly agree. I have always talked about thats the biggest issue about bitcoin. People use it to make money, buy low and sell high. However bitcoin is a currency itself, not something you use to make money. It is money itself. If we keep doing this and just buy and sell bitcoin than we will never have a great and successful "peoples coin" for ourselves and always use the fiat currency the governments fully control themselves. We need to realize the big potential bitcoin promises us.