It seems someone decided to reanimate the topic of 2014.
Not surprised that this was done by a newby account, but how did he unearth this ancient topic?
Topic: Does bitcoin solve more problems than it creates? - page 2. (Read 2456 times)
Necroooooooooooooooooo
It seems someone decided to reanimate the topic of 2014.
Not surprised that this was done by a newby account, but how did he unearth this ancient topic?
It seems someone decided to reanimate the topic of 2014.
Not surprised that this was done by a newby account, but how did he unearth this ancient topic?
Lol, I love bitcoin, but OP isn't wrong. (And that hits me hard 
)
I can't convince OP to use bitcoin, but this: I use bitcoin, because I f*ckin love the way it works.
Most of the point listed are aint bitcoin problem but rather the problem associated with the users. For instance, I do not always encourage new users who do not much about crypto to make use of centralized wallet such as coinbase and not the decentralized one. This is because they can easily recover back their password if they do not remember the password. Using decentralized wallet might be problematic if you are kind of person that don't know how to take care of files or reckless )I can't convince OP to use bitcoin, but this: I use bitcoin, because I f*ckin love the way it works.
Yep. Hence, bitcoin is money for smart people.
I personally find no reason to use bitcoin on a centralized site. Use your bank or paypal. Bitcoin loses its point. Usually the guy that will use coinbase.com or blockchain.com as a wallet, is for investment and not for long term.
Again, you have to love the idea of cryptos, if you want to find them useful.
Lol, I love bitcoin, but OP isn't wrong. (And that hits me hard )
I can't convince OP to use bitcoin, but this: I use bitcoin, because I f*ckin love the way it works.
Most of the point listed are aint bitcoin problem but rather the problem associated with the users. For instance, I do not always encourage new users who do not much about crypto to make use of centralized wallet such as coinbase and not the decentralized one. This is because they can easily recover back their password if they do not remember the password. Using decentralized wallet might be problematic if you are kind of person that don't know how to take care of files or reckless )I can't convince OP to use bitcoin, but this: I use bitcoin, because I f*ckin love the way it works.
Lol, I love bitcoin, but OP isn't wrong. (And that hits me hard )
I can't convince OP to use bitcoin, but this: I use bitcoin, because I f*ckin love the way it works.
)I can't convince OP to use bitcoin, but this: I use bitcoin, because I f*ckin love the way it works.
In the case of scammers, you shouldn't have added that to the problems that bitcoin has brought lol. I have seen and heard a lot of scam stories and 90% of them were not making use of bitcoin or any cryptocurrency at all. So how is that a problem that was brought by bitcoin? There are no places that you won't find scammers, they are everywhere. Recently, some scammers were busted in Dubai, and the news never said that they were using cryptocurrency, rather they were even using banks.
So, does that mean we should say that banks brought the problem of having scammers in the society? No. So let's stop blaming cryptocurrency for scam, you should rather learn how to be careful and avoid them.
So, does that mean we should say that banks brought the problem of having scammers in the society? No. So let's stop blaming cryptocurrency for scam, you should rather learn how to be careful and avoid them.
Certainly, I believe the OP would have a change of mind were s/he to make that OP in today's world. The simple fact is that the demerits penciled against Bitcoin are nothing to hold waters under a critical examination. Bitcoin remains a life saver for all, except the haters of progress. Bitcoin is all that is good!
All good things have some flaws, not all are made perfect to have some room for improvements. Having bitcoin as decentralised system can be an advantage and disadvantage depending on how we wanted to use it. In terms as investment before it pumps too much it is indeed a great investment that makes many investors earn same with as way of payment method in different online transactions. Sometimes the problem is not really the product, its the user and the people who ban or put limitations on how it can be improved more.
This comparison is useless, I can add many flaws and many advantages, but what determines the usefulness of digital currencies as an investment are factors related to the investor.
Do you have enough money, knowledge, technical expertise, price analysis and forecasts for fluctuations, if the answer is yes then the cryptocurrency is an excellent investment for you.
I can determine the appropriate investment with me by answering the questions above and asking more questions and inquiries.
Do you have enough money, knowledge, technical expertise, price analysis and forecasts for fluctuations, if the answer is yes then the cryptocurrency is an excellent investment for you.
I can determine the appropriate investment with me by answering the questions above and asking more questions and inquiries.
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
~
I’m trying to answer you on my own thought. forgive me if I’m wrong.
1. it is worstly unstable. but many people are invested on BTC, there is huge uses of BTC in current world and liquidity is high so we can ignore your issues now.
2. difficulty to obtain and use, it is reducing day by day and already you can notice it too.
3. I think it’s your personal problem. you can't blame that BTC is unsecure.
4. it is a big problem. we can get rid of it if we are alert. not only for BTC, Fraudulent activity can be happened anywhere.
5. it is open for everyone, so if criminals use it to get paid. that is not Bitcoin's fault. you can use a knife to cut fruits, again you can use a knife to kill someone. so, it is not the fault of knife.
6. It's true but BTC is the best all of them.
7. I don’t know what you actually mean by saying it.
8. yeah, scammer is a big issue for us. we will be alert all the time, we need a permanent solution badly to avoid scammer. But not only BTC, people are also victims of scams by using faith money.
almost all the problems you've mentioned are solvable. that's why people are using BTC and believe on it.
Certainly, I believe the OP would have a change of mind were s/he to make that OP in today's world. The simple fact is that the demerits penciled against Bitcoin are nothing to hold waters under a critical examination. Bitcoin remains a life saver for all, except the haters of progress. Bitcoin is all that is good!
Problems with btc:
1. wild, unstable exchange rate
2. difficulty to obtain and use (for most people)
3. getting coins hacked or lost by sending to wrong address
4. fraud/theft at exchanges (if it happened at Gox it could happen anywhere)
5. it enables criminals to get paid online
6. there are already plenty of ways to send money online a lot easier, it doesnt really do anything new
7. absolutely no buyer protection
8. scam companies/scammers
feel free to add to this list ^^
1. wild, unstable exchange rate
2. difficulty to obtain and use (for most people)
3. getting coins hacked or lost by sending to wrong address
4. fraud/theft at exchanges (if it happened at Gox it could happen anywhere)
5. it enables criminals to get paid online
6. there are already plenty of ways to send money online a lot easier, it doesnt really do anything new
7. absolutely no buyer protection
8. scam companies/scammers
feel free to add to this list ^^
The first is not really entirely correct, i mean look at the stocks it has been in wild swings and currently about to dump, probably the worst.
2nd i dont see difficulty in obtaining it, there already a lot of Online Wallets and BTC ATM's that support it.
it seems to me that you've just spouted things you haven't fully researched on and only based your statements in heresay.
good things:
1. cheap way to send money
2. only 21 mil ever in circulation
So why should more people start using btc? It seems the cons outweigh the pros.
good things:
3. control of your own money (no need to trust an institution)
4. enables business to reach larger market
5. enables individuals various legal ways to earn
6. enables to donate directly to the people in need, as opposed to intermediary thieves in charity organisations
7. enables you to send money to friends online
8. improves technology economy (people buy lots of hardware equipment)
9. many fun projects
10. proof that decentralized systems can and do work
Whoah, not sure you'll actually read this, as this is a very old post. But LOTEO man, these guys scammed me and many others good, are they even still around?
As of 2020 most of the points in the OP are very outdated anyway, so I wont bother answering that. I'll actually send you a DM about this, want to catch up with people still dealing with Loteo
Well for me I would say bitcoin has actually helped solved many problem than it creates.
For example the problem of joblessness in some countries were much because of lack of companies, but citizens who embraced bitcoin will eventually become self employed because there work and get paid in crypto and the rate of unemployment and joblessness will be reduced because citizens has found something doing which could even pay them much more than what most companies offers.
For example the problem of joblessness in some countries were much because of lack of companies, but citizens who embraced bitcoin will eventually become self employed because there work and get paid in crypto and the rate of unemployment and joblessness will be reduced because citizens has found something doing which could even pay them much more than what most companies offers.
Why create an account to seemingly just bump such an old post?
Well for me I would say bitcoin has actually helped solved many problem than it creates.
For example the problem of joblessness in some countries were much because of lack of companies, but citizens who embraced bitcoin will eventually become self employed because there work and get paid in crypto and the rate of unemployment and joblessness will be reduced because citizens has found something doing which could even pay them much more than what most companies offers.
For example the problem of joblessness in some countries were much because of lack of companies, but citizens who embraced bitcoin will eventually become self employed because there work and get paid in crypto and the rate of unemployment and joblessness will be reduced because citizens has found something doing which could even pay them much more than what most companies offers.
6. there are already plenty of ways to send money online a lot easier, it doesnt really do anything new
Really? So, how many of these plenty ways allows users to send any amount of money shortly? With bitcoin sending money doesn't need all this documents verification(KYC), high transaction fee, long protocols, etc. ¯\_(ツ)_/¯ 
First of all, the way I see Bitcoin it’s not something that everyone must use. No one is really forcing anybody into it, if you want to make use of it it’s up to you. As for being volatile, that’s not a problem, it’s an asset that we are all investing in and the price is meant to fluctuate. You’re already being told that you shouldn’t invest in Bitcoin or any other volatile crypto asset what you can’t afford to risk, so this one is no longer a problem.
As for your second problem, I don’t see what’s difficult in obtaining Bitcoin, you can make use of legit exchanges to buy Bitcoin, we have Binance, Coinbase, and even BitPay, Luno, and Blockchain wallet, they all now allow users to buy Bitcoin. That one is not even problem. Then number three, I don’t see how you’re sending to a wrong address when what you do is to copy the address and click send. Most of the things you have stated is not a problem for many people.
As for your second problem, I don’t see what’s difficult in obtaining Bitcoin, you can make use of legit exchanges to buy Bitcoin, we have Binance, Coinbase, and even BitPay, Luno, and Blockchain wallet, they all now allow users to buy Bitcoin. That one is not even problem. Then number three, I don’t see how you’re sending to a wrong address when what you do is to copy the address and click send. Most of the things you have stated is not a problem for many people.
Everyone draws conclusions based on their situations.
This is particularly true, in my opinion, bitcoin helped me more because I found a way to earn while in quarantine, maybe with all the bad news associated with bitcoin, we can't the good thing that if offers, the scammers will always be there and there will be problems but this could be solved if we help in shouldering the burden. 
Mo money, mo problems. So I guess it does create problems. 
People need to remember bitcoin is still an experiment/experimental really. It was created to solve the problems of current money and it does, but that doesn't mean it is currently perfect and whether it will truly succeed as a useable currency.
Problems with btc:
1. wild, unstable exchange rate
2. difficulty to obtain and use (for most people)
3. getting coins hacked or lost by sending to wrong address
4. fraud/theft at exchanges (if it happened at Gox it could happen anywhere)
5. it enables criminals to get paid online
6. there are already plenty of ways to send money online a lot easier, it doesnt really do anything new
7. absolutely no buyer protection
8. scam companies/scammers
feel free to add to this list ^^
good things:
1. cheap way to send money
2. only 21 mil ever in circulation
So why should more people start using btc? It seems the cons outweigh the pros.
1. wild, unstable exchange rate
2. difficulty to obtain and use (for most people)
3. getting coins hacked or lost by sending to wrong address
4. fraud/theft at exchanges (if it happened at Gox it could happen anywhere)
5. it enables criminals to get paid online
6. there are already plenty of ways to send money online a lot easier, it doesnt really do anything new
7. absolutely no buyer protection
8. scam companies/scammers
feel free to add to this list ^^
good things:
1. cheap way to send money
2. only 21 mil ever in circulation
So why should more people start using btc? It seems the cons outweigh the pros.
my opinion has always been
vice needs fuel new user wallets
GREED (people get into btc for greed, invest and mining examples)
DRUGS (people use and sell it's a great vice currency)
GAMBLING (people all over the world gamble and btc casinos are a huge growth industry)
PORN (great currency for adult industry since tradtional banks hate porn)
Almost everyone on the planet can be slotted into one of those vice areas as to WHY they need btc
btc is a perfect fit as to a vice currency to feed those vice needs
cash has fueled drugs, porn, gambling vice for years
now OL drugs, porn and mostly gambling is fueling btc
silk road was the drug vice fuel, now there's hundreds of silk roads
OL btc casinos are the new major fuel for new consumers entering into btc
GREED is obvious, all the mining and investing is GREED vice related, the insatiable need of humans to MAKE MONEY
Porn will soon convert to btc IMO
Yeah bitcoin has its weaknesses but it also solves many of the financial issues we are facing with cheap free flowing fiats. But once these issues get overcome it will definitely take off.
Bitcoin only solve one problem: Fiat money being legally counterfeited everyday, while with bitcoin you can not counterfeit it even you pass a law
Bitcoin also solves this problem:
http://downtrend.com/71superb/small-business-owner-fights-back-after-irs-seizes-35000/
Jump to: