Topic: Can Bitcoin even work in our current system? - page 3. (Read 12976 times)
Consumers and customers are now prefer to use digital currencies because of its uses. The bitcoin will work in our current system because it can beat inflation. Most of the economy who experiencing high inflation is now using bitcoin for them to beat it.
Pretend that all the fiat money in the world is gone and the whole world is only using Bitcoin. Ignore scalability issues for this scenario.
I'm sure most of you know that most money is actually created by banks through fractional reserve lending. Our economy is stimulated by people constantly taking out loans to make purchases. But with bitcoin you can't loan money that doesn't exist. Maybe we would have to change our consumerism as a society and prices would drop. Being able to borrow money easily makes everything rise in price. What are your thoughts?
Thats true, imagine the world without money and wonder whether bitcoin could replace money is ridiculous, bitcoin have a really big volatility and not fit as a currency. But if there is no money and there is only bitcoin i believe, bitcoin value would be more stable like dollar and if every one in the world use it for transactions i believe bitcoin price would be really high and remain stable and could be use as good as fiat currency.I'm sure most of you know that most money is actually created by banks through fractional reserve lending. Our economy is stimulated by people constantly taking out loans to make purchases. But with bitcoin you can't loan money that doesn't exist. Maybe we would have to change our consumerism as a society and prices would drop. Being able to borrow money easily makes everything rise in price. What are your thoughts?
Bitcoin works, and guess what, it will work even better with lighting. Its ridiculous that people think that price volatility have anything with technology and transactions, you can use it or you can`t, end of story. Price swings are cause of speculative market, cause of adoption, cause of growing up and searching for its place. I searched trough your comment history, even you too are talking about recovery, about price rise in the future, how the hell can you expect stable price and price rise? Maybe stable price rise? Do you think this world is perfect and everything goes smoothly? Wake up, there is a war outside, for everything, bitcoin is fighting with something so big and powerful. Ups and downs are normal, but don`t question usability and compare that with price, you need to be smarter than that.
Pretend that all the fiat money in the world is gone and the whole world is only using Bitcoin. Ignore scalability issues for this scenario.
I'm sure most of you know that most money is actually created by banks through fractional reserve lending. Our economy is stimulated by people constantly taking out loans to make purchases. But with bitcoin you can't loan money that doesn't exist. Maybe we would have to change our consumerism as a society and prices would drop. Being able to borrow money easily makes everything rise in price. What are your thoughts?
If this happens in the future, developers will create applications or applications that will help you perform the desired tasks. As the world changes, people become more intelligent, and they will turn the impossible into possible. What makes a profit will materialize. I'm sure most of you know that most money is actually created by banks through fractional reserve lending. Our economy is stimulated by people constantly taking out loans to make purchases. But with bitcoin you can't loan money that doesn't exist. Maybe we would have to change our consumerism as a society and prices would drop. Being able to borrow money easily makes everything rise in price. What are your thoughts?
bitcoin can never be used for a loan system or as loan capital, bitcoin and blockchain technology only as intermediaries to make your transactions safer, faster and certainly will require very little cost, if you implement bitcoin to apply loan capital then it will giving a very high risk.
Why not? We have had some ICOs doing this already. Namely Nexo is one before SALT went off. But then the long term value of these projects is very low since we saw how SALT fell out and now people are making up stories that Nexo was built from what SALT had left and that investors of SALT were scammed and so on. Who is correct is very difficult to say.However a peer to peer lending system based on altcoin backed or physical backed collateral is possible and we have some lenders on bitcointalk who do this as well. Though the default rate is also very high still they manage to be very good loan sharks.
Today its more entrepreneur effort..Maybe this will become a large scale business one day.
Pretend that all the fiat money in the world is gone and the whole world is only using Bitcoin. Ignore scalability issues for this scenario.
I'm sure most of you know that most money is actually created by banks through fractional reserve lending. Our economy is stimulated by people constantly taking out loans to make purchases. But with bitcoin you can't loan money that doesn't exist. Maybe we would have to change our consumerism as a society and prices would drop. Being able to borrow money easily makes everything rise in price. What are your thoughts?
I'm sure most of you know that most money is actually created by banks through fractional reserve lending. Our economy is stimulated by people constantly taking out loans to make purchases. But with bitcoin you can't loan money that doesn't exist. Maybe we would have to change our consumerism as a society and prices would drop. Being able to borrow money easily makes everything rise in price. What are your thoughts?
Government and central banks always increasing money supply in market to boost growth and i think thats can not do with bitcoin. Bitcoin already have limited supply and its decentralized system. But cryptocurrency concept should be working in our currency economic system
That's why with the current economic system Bitcoin can not replace all fiat money, the two payment systems should coexist until a new solution for the world economy's vulnerability will be found. The thing is that the current model, although it is "boosting growth" as you said, inevitably leads to periodical collapses causing a lot of harm to many people. We should find a new model, a more stable one, and, as paradoxical as it sounds, I think Bitcoin can be a part of that model.
I am agree. Government always boosting growth by printing more money and make inflation getting higher and its creating periodical economic crisis. Maybe its can not ended this periodical economic crisis, but creating a new system and change current system is big job
We can't pretend to the fact that bitcoin still need adaptation from the general public because it's only then the usage of bitcoin will replace that of other currencies including the faint paper money and only when Bitcoin is fully regulated by the government that they will allowed it legitimacy.
Its more with the properties that make bitcoin different from paper currencies that makes it worth using. It is immutable, irreversible, censorship-resistant and decentralized. All these give the advantages of a near perfect currency comparing to the traditional fiat currencies. How far people accept it is their choice even when banks and other institutions detest it. Again this negative FUD around bitcoin is also a mode of market manipulation as per popular media.End of the day bitcoin is something that will be huge in future years to come even though some people will always hate it.
The current system will definitely not suitable for the people who are not support Bitcoin but people who are supporting will always accept Bitcoin at any cause they don't think about time and date and the situation also so it can will not being able to underestimate by anyone it will definitely the end economic changer at your lifetime.
We can't pretend to the fact that bitcoin still need adaptation from the general public because it's only then the usage of bitcoin will replace that of other currencies including the faint paper money and only when Bitcoin is fully regulated by the government that they will allowed it legitimacy.
Its more with the properties that make bitcoin different from paper currencies that makes it worth using. It is immutable, irreversible, censorship-resistant and decentralized. All these give the advantages of a near perfect currency comparing to the traditional fiat currencies. How far people accept it is their choice even when banks and other institutions detest it. Again this negative FUD around bitcoin is also a mode of market manipulation as per popular media.End of the day bitcoin is something that will be huge in future years to come even though some people will always hate it.
Pretend that all the fiat money in the world is gone and the whole world is only using Bitcoin. Ignore scalability issues for this scenario.
I'm sure most of you know that most money is actually created by banks through fractional reserve lending. Our economy is stimulated by people constantly taking out loans to make purchases. But with bitcoin you can't loan money that doesn't exist. Maybe we would have to change our consumerism as a society and prices would drop. Being able to borrow money easily makes everything rise in price. What are your thoughts?
Thats true, imagine the world without money and wonder whether bitcoin could replace money is ridiculous, bitcoin have a really big volatility and not fit as a currency. But if there is no money and there is only bitcoin i believe, bitcoin value would be more stable like dollar and if every one in the world use it for transactions i believe bitcoin price would be really high and remain stable and could be use as good as fiat currency.I'm sure most of you know that most money is actually created by banks through fractional reserve lending. Our economy is stimulated by people constantly taking out loans to make purchases. But with bitcoin you can't loan money that doesn't exist. Maybe we would have to change our consumerism as a society and prices would drop. Being able to borrow money easily makes everything rise in price. What are your thoughts?
Bitcoin works, and guess what, it will work even better with lighting. Its ridiculous that people think that price volatility have anything with technology and transactions, you can use it or you can`t, end of story. Price swings are cause of speculative market, cause of adoption, cause of growing up and searching for its place. I searched trough your comment history, even you too are talking about recovery, about price rise in the future, how the hell can you expect stable price and price rise? Maybe stable price rise? Do you think this world is perfect and everything goes smoothly? Wake up, there is a war outside, for everything, bitcoin is fighting with something so big and powerful. Ups and downs are normal, but don`t question usability and compare that with price, you need to be smarter than that.
Pretend that all the fiat money in the world is gone and the whole world is only using Bitcoin. Ignore scalability issues for this scenario.
I'm sure most of you know that most money is actually created by banks through fractional reserve lending. Our economy is stimulated by people constantly taking out loans to make purchases. But with bitcoin you can't loan money that doesn't exist. Maybe we would have to change our consumerism as a society and prices would drop. Being able to borrow money easily makes everything rise in price. What are your thoughts?
Thats true, imagine the world without money and wonder whether bitcoin could replace money is ridiculous, bitcoin have a really big volatility and not fit as a currency. But if there is no money and there is only bitcoin i believe, bitcoin value would be more stable like dollar and if every one in the world use it for transactions i believe bitcoin price would be really high and remain stable and could be use as good as fiat currency. I'm sure most of you know that most money is actually created by banks through fractional reserve lending. Our economy is stimulated by people constantly taking out loans to make purchases. But with bitcoin you can't loan money that doesn't exist. Maybe we would have to change our consumerism as a society and prices would drop. Being able to borrow money easily makes everything rise in price. What are your thoughts?
Bitcoin will always work best for us no matter what the situation is. We all know the role of cryptocurrency in our society these days and despite of the existence of fiat, crypto still plays a vital role. Bitcoin adaption is very visible an we can't manipulate it but just appreciate the help of it in our society.
I think bitcoin is easy to apply now, but the problem is that many countries have not legalized it, so that it is hampered by it. but starting many companies that use the blockchain system to support their performance. from the government side, I think many are not ready for a variety of reasons, so they cannot receive btc
Bitcoin will always work best for us no matter what the situation is. We all know the role of cryptocurrency in our society these days and despite of the existence of fiat, crypto still plays a vital role. Bitcoin adaption is very visible an we can't manipulate it but just appreciate the help of it in our society.
bitcoin can never be used for a loan system or as loan capital, bitcoin and blockchain technology only as intermediaries to make your transactions safer, faster and certainly will require very little cost, if you implement bitcoin to apply loan capital then it will giving a very high risk.
We can't pretend to the fact that bitcoin still need adaptation from the general public because it's only then the usage of bitcoin will replace that of other currencies including the faint paper money and only when Bitcoin is fully regulated by the government that they will allowed it legitimacy.
Its more with the properties that make bitcoin different from paper currencies that makes it worth using. It is immutable, irreversible, censorship-resistant and decentralized. All these give the advantages of a near perfect currency comparing to the traditional fiat currencies. How far people accept it is their choice even when banks and other institutions detest it. Again this negative FUD around bitcoin is also a mode of market manipulation as per popular media.End of the day bitcoin is something that will be huge in future years to come even though some people will always hate it.
If the world can only use Bitcoin as a payment method, then this can lead to war because the amount of Bitcoin is not enough to support the use of the world.
Pretend that all the fiat money in the world is gone and the whole world is only using Bitcoin. Ignore scalability issues for this scenario.
I'm sure most of you know that most money is actually created by banks through fractional reserve lending. Our economy is stimulated by people constantly taking out loans to make purchases. But with bitcoin you can't loan money that doesn't exist. Maybe we would have to change our consumerism as a society and prices would drop. Being able to borrow money easily makes everything rise in price. What are your thoughts?
We can't pretend to the fact that bitcoin still need adaptation from the general public because it's only then the usage of bitcoin will replace that of other currencies including the faint paper money and only when Bitcoin is fully regulated by the government that they will allowed it legitimacy. I'm sure most of you know that most money is actually created by banks through fractional reserve lending. Our economy is stimulated by people constantly taking out loans to make purchases. But with bitcoin you can't loan money that doesn't exist. Maybe we would have to change our consumerism as a society and prices would drop. Being able to borrow money easily makes everything rise in price. What are your thoughts?
Bitcoin has already started to work in this system.
Exactly what system are you talking about? Crypto is a mode of payment not a system. The ideal of crypto is to break the system and thats what crypto-anarchism is. Agreed its not a healthy thing nor is it good for the growth of the community but it is what it is.Quote
This cryptocurrency was recognized in many countries.
You are either a misinformed baboon or a shitposter on his daily patrol of shitposting to get their quota done. 
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People start to understand that BTC usage will give them a lot of comforts and great safety.
Its actually being opposite because of the bear market. Talk about the bull market then people were angry that fees became too high, come to the bear market people talk about crypto being dead. I wonder how much more double standard these people can become.
That is right Bitcoin now is recognizing in most world wide as it has much advantages for the users. However, it is hard to replace the consumerism as society, consume is to maintain our live. Even though Bitcoin exist and rapidly develop, it is not able to decrease the consumerism of people. Even it will make people more becoming consumerism for they can earn much more money from here.
Bitcoin is well develop. we are in the world of computer where everything we want to be in an instant.
Money trasfer is good. though government wants to stop it as bitcoin innovation gets into the danger zone!
what is danger zone? it is the time where FIAT want to be replace by new currency which government cannot accept and not ready!
You have just confined your thoughts to a single part of the world. You do realize that there are other parts of the world that are highly lacking behind technology. Think about them. They do not have regular access to the computer or the internet. If fiat was eliminated from the world, what will happen to those underdeveloped countries. They will just start suffering more! Money trasfer is good. though government wants to stop it as bitcoin innovation gets into the danger zone!
what is danger zone? it is the time where FIAT want to be replace by new currency which government cannot accept and not ready!
Bitcoin is very able to work in the current system, the digital era has grown high and almost all countries have optimized digitization systems in many sectors, so if bitcoin is the main thing then it is very possible that bitcoin works well. But in reality we still have to rise with this declining value and there must be a big change for bitcoin in order to maintain its value in the highest place.
There is really a compatibility of bitcoin in our current system , for our current system now that are mostly digital ,then bitcoin as a decentralized digital currency, can be surely be adopted and wotk well with this current system that is in digital technology.
Bitcoin has already started to work in this system. This cryptocurrency was recognized in many countries. People start to understand that BTC usage will give them a lot of comforts and great safety.
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