Topic: Do we need bitcoin? - page 8. (Read 1417 times)

It seems you have already fixed your mind so I am not going to waste any time trying to prove you wrong, however people are not afraid of central authorities on the west because for the most part they have been doing a a great job at hiding from their population what they are doing with the economy, but once this is over, and believe me at some point it will be over, people will see why we need something like bitcoin but at that time it will be too late for them to protect themselves and their capital.

In a simple sentence, who doesn't need BTC !
BTC is the most popular cryptocurrency.To be honest, everyone needs BTC, but for those who are middle class and students, it is like the new moon. As well as being a platform suitable for those who want to transact very fast, and it is also secure. The demand for bitcoin will spread far and wide.
Lastly, I don't know who wants bitcoin and who doesn't need but I want more.....

Actually this is good for paypal. Not (only) for bitcoin.

If you think outside the box you will probably gonna need it anyway especially this time where most of the cities are in total lockdown. You can't access banks easily if there's a lockdown that's why with the help of Bitcoin we can easily send and receive to any part of the world. This is the power of decentralization compared to the centralized ones but of course, fiat and crypto currency should exist the same way since not everyone likes crypto currency.

We need it because people buy the idea and when bullrun comes you'll get more money out of it. I do think this is enough reason without thinking about the technology behind Bitcoin. If people use BTC as an investment or as a money-laundering tool then its up to them to make use of it.  But they shouldn't think like there are no consequences though.

Since it has a value already before I got into BTC, I then use it and NEED BTC because I don't wanna go back to PayPal.

We need it most these days, you will see some people that cannot even make a living because of our current state? If they know how to trade from the start, they could have save some money to try their fate on day trading. If they want to have some alternatives to digital money they could use BTC for that. As for me, it really helps me these past 3 months because I haven't gone to my usual job and the government supplies were cut off due to a lot of villages needs to prioritize their helps. I'm very thankful that I have some alternative jobs to support my basic needs and one of them is the signature campaign which I'm currently hired that also paid us with BTC.

In my opinion, I think not necessarily because before we are living without the use of the bitcoin and we start only with the use of trade of items and them comes up with the use of the physical money by the time goes by the creator of the very well known bitcoin which is Satoshi Nakamoto wants to become decentralized all of the transactions and also want to make all the things digitalized because we are ongoing into the world of technology and why not use that only payment as an advantage and now we come up into the world of cryptocurrency and bitcoin but still there are some people who are living without the use of it and that's my perspective about if we needed the use of bitcoin.

I guess it really depends on what your definition of truly "needing' something is.  Do we need our fiat currency or do we need any cryptocurrencies? Technically no.  Now I know what you mean, and I disagree.  There are a lot more people using bitcoin and other crytpos for payments that you're not lending any credit to. It's not just an "investment".  Yes , we need it for the border-less, decentralized aspects alone.

Yes we (I) need bitcoin. Even it is volatile but it has proved its power. Bitcoin's journey From penny to thousands of dollars is amazing. It's bright future is very attractive so i need bitcoin.

It is a good question.

The answer is very complex or very simple.

No we don't need it as we don't need to be alive. = True.

So I propose we want to be alive and that is why we try to stay alive.

Same for bitcoin we want it we don't need it we want it.

What to we want it for?

A shit ton long list of things.

Security.
Hedge against inflation.
Secret way to move value.


But it can be used much like a hammer can be used.  It can improve the value of a real-estate property.

Buysolar and I have built and use a 115kwatt  solar mining array.
We took advantage of New Jersey solar rules and there is now about 600 panels on his property.
This increased the value of his real estate property
This was legal.
We used the laws in New Jersey to be able to do this.
We used mining BTC to create a legal legit demand for power.

This allowed us to size the solar array to 115kwatt verse  40 kwatts.

This can be done in many parts of the USA.
We are looking into doing one in South Carolina.

But. to answer the question did we need to do it. No
We wanted to do it . Yes

BTW we could have used GPUs and mined ETH or ZCash.

So my answer is it is not needed it is wanted by many for lots of reasons.

I like it and want it to stick around as
It can be used to increase property value.
Via solar expansion.
But that is limited to certain areas of the world on of which I happen to live in. 

Good point, there are people who wanted to be free from this centralized types of monetary system.


Ignorance from how things are working, and that's the reality those who don't have that richness in life doesn't care about inflations.


Bitcoin is a great alternatives if you want to feel this freedom, since you can hold as much as you want nd store it from your own wallet
without any interfere of any centralized bankings.

Any sane person who works and accumulates wealth (little or much) is not happy to lose it because of the distorted monetary policies of these centralizers. Because only the "unhealthy" do not notice the great inflation going on (also because of the distraction and ignorance).
That's why bitcoin is needed, and how it is needed. To keep own capital (to buy the things we want or need): to be free financially.

Let's answer this question by the Bitcoin price. When we need something we demand that thing and increasing demand means increasing the price. Let's say Bitcoin was always in uptrend on long and short term, so I believe according to what I said yes people really need Bitcoin and that is the reason of the increasing demand. Usually for people seeking for some privacy bitcoin is a haven if you know how and where to use it. Also for people transferring a huge amount of money, thy will never need the traditional weak system.

You don't have to convince someone to get into BTC. Same goes for precious metals. Some people simply don't think a precious metal should have any value at all. Others use gold as a money laundering tool.

Put the illegal uses to the side and think of the real benefits Bitcoin provides. Crimes will always exist in any medium. BTC crimes are nothing compared to the amount of fiat and bank crimes there are every day. I personally need it for the freedom it gives me. I'm simply sick of the literal slavery banks put us into, so I'd rather be my own bank instead.

I don't think I have done something illegal through crypto and that certainly isn't my goal. My only goal is to be financially free. In the end, I'll probably cash out and pay my taxes in order to materially benefit from my coins - but nobody will know what happened between the moment I bought and the moment I sold all my coins. I might as well use a mixer to improve my privacy - and in the end, I know that my money is real, has not been counterfeited/double-spent and the inflation rate is precise and known. The trustless manner of BTC is wild.

Governments probably don't find bitcoin as an effective tool to help the economy of a country grow due to its volatility. As they can't collect taxes from bitcoin transactions, they can just benefit those local businesses and not on the centralized transactions. That's why they keep on keeping it illegal in some countries due to selfishness and not thinking of the government's benefits. It is really hard to trust government if those politicians are corrupt.


We need bitcoin because it has the ability to secure our future, it can be a store of value and a source of profit depending on how you will make it grow with your hardwork and effort.

Short story about a bank that went bankrupt and not


It was 2008/2009 financial crisis
Average joe lost a lifetime of savings, its been 10+ years and still those normal people, some who worked their entire lifes, some that imigrated some who didnt even had consideraval amounts, still waiting for their money.


Meanwhile in these more than 10 years there were a series of uncovered truths that finally saw the light, exposing the natural rich who controled the bank, some peole from the government itself even the prime minister at the time, national phone and electric company all involved in a series of shady business.
Bank changed name, government inject billions on it and counting...now the thing is "should we nationalise the bank in order to save it again while those poor people never got to see their money and they never will"


id rather have bitcoin with all its flaws than continue to experience these sort of modus operandi that only a few "elite" is allowed.

It so bolded enough to see that Bitcoin isn't for everyone nor the world needs it. And I agreed with that. But you can stop people to use it of anything they to for their Bitcoin, and even its use for money laundering or another form of illegalities. People have their right but somehow it held liabilities that authorities won't agree of being uncensored.

Though authorities don't want Bitcoin nor they give support for crypto but they can't stop people to use this either. For a decade of existence, it found out that Bitcoin demand has increased, and may we able to say the world never needs Bitcoin but somehow Bitcoin places something important now and in the future.

The inflation and deflation comparison. Bitcoin's into deflation and yearly there's an inflation for cash. The hyper inflation in Venezuela is tragic, I can't imagine how I'll survive there but in some videos that I have watched, it was said that citizens there are benefiting from bitcoin.

And transactions are commonly done through cashless payments.

People will need bitcoin, especially for people who want to have freedom in financial and investment. People can manage their own money in bitcoin, whether they will use for buying something, or hold it as the investment, or other things, and that will depend on what reason for every people who have bitcoin.

You don't have to convince people around you, but you can introduce bitcoin to them, and let them decide. I am sure if they have an interest in bitcoin, they will come to you to ask more about bitcoin, so at that time, you can teach them how to have and use bitcoin. I am sure that an honest person will want to have bitcoin if they have an open mind about something new because we talk about technology, which always develops.

We don't need to think about the government will prohibit, ban, or whatever it is because as long as we can use bitcoin, we don't have to worry about that.

Bitcoin is for people who want to have and use, and if the government ban bitcoin, but people want to use bitcoin, they will find out the way to still use bitcoin.

If you think we don't need Bitcoin, then find out about the enormous debt bubble that has been inflated especially since the financial crisis of 2008 and is exploding even further in the current corona period. Bitcoin is currently the only stable value element besides gold in a crazy global fiat financial casino.