Enough with BITCOIN SAVE us or the economy - page 3.

CODE200

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The problem in our society, whenever we face a situation like this which challenges our capacity to survive and finding ways or solution to resolve the problem is that most people are putting all their hopes and faith into Bitcoin treating it like a deity that can resolve all the problems we have in life. People's dependency and reliance makes disappointment once a certain thing they have expected failed to meet their expectation. The problem with the people around is they are always being reliant on what Bitcoin can do to save the economy when at the first place the people and government must be the one to be coordinated to resolve such economic issues and not to put too much and all expectations on Bitcoin.

Quote from: SquallLeonhart on September 20, 2020, 03:07:23 PM

To be perfectly honest with you, we need a world where there is no money, there is no nothing that could be used as money and we should all live a life where everyone is getting stuff for free and just working because it is something they want to do and not something we need to do. You think there is absolutely no way to remove human life from work life?

Actually I have already thought of the same idea before that what if we remove the concept of money because it become one of the most important but also the most problematic object crafted by humans to have a system of payment and currency. But that was just a thought of mine before for I think it would be far possible or simply impossible now to remove the concept of money in the economy for we get used to it all the years of civilization's existence.

SquallLeonhart

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To be perfectly honest with you, we need a world where there is no money, there is no nothing that could be used as money and we should all live a life where everyone is getting stuff for free and just working because it is something they want to do and not something we need to do. You think there is absolutely no way to remove human life from work life?

You could basically make everything you need with machines nowadays that is required for a human to sustain, from food and crops to cattle, from housing (there are literally machines 3d printing a whole house nowadays) to driving, there is literally nothing that requires human life in bare human needs, obviously if you want facebook you need people but usually we could live in a world where bare human needs met by robots for free.

Twentyonepaylots

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Quote from: naikturun on September 20, 2020, 11:03:44 AM

In essence, bitcoin is used as a means of payment and supports the economy because the price is fluctuating so that it can be used for investment,

Bitcoin supporting the economy is a vague idea for me, though it works that way a little bit. Bitcoin's cap is still little, I can't see it supports one country's economy by being an investment, exchanges are only the entity who makes money to it.

Quote from: naikturun on September 20, 2020, 11:03:44 AM

what will happen if everyone knows / uses bitcoin and the total supply has been used up in mining, will the price going stable or more volatile than now Roll Eyes

It depends actually, if all bitcoin is mined there are only two probable event to happen it will either be stable coz the people buys it all or it will be still volatile coz there are still unbought bitcoin in the market, it is just a matter of how decentralized network is doing.

Wapfika

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Quote from: AicecreaME on September 20, 2020, 10:13:37 AM

Very well said. On the other side of it, I think others were trying to say that if the Government can't help us since we're all suffering in this pandemic, could Bitcoin save us if the Government are going to accept it and make a move, use it to bring the Economy rise again? I think that's what they meant to say, correct me if I'm wrong.

Because not all of the Government has the ability to help its countrymen, especially those third world country, no.1 in my list is Africa that has the most corrupted Government.

If bitcoin will be implented in any countries, there should be a proper orientation needs to be done for the people to fully use it and not be scam as well establishments that may accept it. Bitcoin can help in having transactions but not to the point that it will result to arise of their econyomy instantly unless they will have a fund manager that is well known in trading to let their money grew agaiin thru crypto trading. But it's quite a risky work to do so.

naikturun

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In essence, bitcoin is used as a means of payment and supports the economy because the price is fluctuating so that it can be used for investment, the problem is that the price is very volatile which makes people afraid because it can make your money decrease in a short time. and what will happen if everyone knows / uses bitcoin and the total supply has been used up in mining, will the price going stable or more volatile than now Roll Eyes

AicecreaME

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Very well said. On the other side of it, I think others were trying to say that if the Government can't help us since we're all suffering in this pandemic, could Bitcoin save us if the Government are going to accept it and make a move, use it to bring the Economy rise again? I think that's what they meant to say, correct me if I'm wrong.

Because not all of the Government has the ability to help its countrymen, especially those third world country, no.1 in my list is Africa that has the most corrupted Government.

oHnK

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Quote from: BIT-BENDER on September 17, 2020, 02:09:59 PM

Bitcoin is a focal point for easy peer to peer transaction, and to can serve differently to different people, if BITCOIN doesn't save an economy during a pandemic, economic crash won't make BITCOIN a failure.

It seems too much if enough bitcoin can save the economy. Well you're right in some bad situations, bitcoin is still survive but not forever only with bitcoin can save us or the country. Invest in other assets, so that in the future you will not regret being too dependent on bitcoin.

Quote from: traderethereum on September 20, 2020, 12:15:45 AM

We need to thank bitcoin because bitcoin now survives and tries to increase, although it is difficult.
Yes, bitcoin saved many people in 2016 for the first time of the highest price that we saw, and that makes people believe that bitcoin will be their savior again in the next bull run.

Thank you for bitcoin that still survive but remember not to put too much hope on bitcoin.

traderethereum

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Quote from: TIDOVEE on September 19, 2020, 11:37:11 PM

I would not blame those who want to make Bitcoin their saviour, many have seen what bitcoin can do, how it has saved people especially in 2016 and thus they have built much hope around it. Unfortunately, all the serious period of the pandemic bitcoin was unable to rise up to rescue. Thank God it even happened that way maybe bitcoin would have been another God to many, in as much as it can come at the accurate time of need to bail people out.

We need to thank bitcoin because bitcoin now survives and tries to increase, although it is difficult.
Yes, bitcoin saved many people in 2016 for the first time of the highest price that we saw, and that makes people believe that bitcoin will be their savior again in the next bull run.
But before bitcoin really be the savior for all people, bitcoin needs to be approved by the government so that people could be free to used bitcoin as the payment system.
Probably, people now can still use bitcoin as the way to make money, but in the future, the chance for bitcoin to be used for the payment system will still wide open.

NavI_027

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Quote from: Maroons on September 19, 2020, 11:18:58 PM

Quote from: NavI_027 on September 19, 2020, 08:54:12 PM

[snip]

Resetting the world's current system can be much more of a problem than the current situation of each countries economy, why? because people are not yet ready for it, i mean yes a lot of people can prove how much of convenience blockchain can offer us but people won't adapt to it as easily as you think, people now are comfortable with what they have and adapting to a new system can cause chaos and disorganized system

That's what I'm telling to inoes, that the future of our economy is still uncertain after introducing the use of blockchain tech as our major means of transaction. The main barrier I see here is the lack of accessibility because not all people around the flobe can access a stable internet connection. So how about for the poor ones and the indigenous people? I guess it will be very complicated for them. And that being said, I cannot foresee that btc will replace physical money at least in the near future simply because it is a no brainer to use

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TIDOVEE

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I would not blame those who want to make Bitcoin their saviour, many have seen what bitcoin can do, how it has saved people especially in 2016 and thus they have built much hope around it. Unfortunately, all the serious period of the pandemic bitcoin was unable to rise up to rescue. Thank God it even happened that way maybe bitcoin would have been another God to many, in as much as it can come at the accurate time of need to bail people out.

Maroons

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Quote from: NavI_027 on September 19, 2020, 08:54:12 PM

We're not really sure about it. We can't conclude what will happen beyond that, whether pros are greater tham cons and vice versa, unless all of the nations agreed upon it and reset the current system.

Resetting the world's current system can be much more of a problem than the current situation of each countries economy, why? because people are not yet ready for it, i mean yes a lot of people can prove how much of convenience blockchain can offer us but people won't adapt to it as easily as you think, people now are comfortable with what they have and adapting to a new system can cause chaos and disorganized system, for now what we need is to support our own local products because it'll help in boosting or reviving your economy although its the main job of the government but as a citizin of your country its the least you can do and if we are still striving for the new system then educate and advertise more of it so that people can see it and if lucky they can educate themselves by seeing the advertisement of it and by that moment it is much more easier to replace something because people have background to what it is and what it offers them.

NavI_027

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Quote from: pokeronlinestatus on September 19, 2020, 01:34:30 PM

because some dumb people made everyone believe that Bitcoin is what’s going to save them.

Yup! These dumb people you are pertaining about is mostly new to crypto sphere — those people who see good in bitcoin but rooting too much from it. Well, I'm not saying that being positive and appreciating the potentials of btc isn't good. What is wromg is that you are now solely depending on it as if it was your last resort. Chill guys! Btc can aid us financially but our government plus the cooperation of its citizens are still the main key for the betterment of our economy

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Quote from: inoes on September 19, 2020, 06:52:16 PM

to save the economy, Bitcoin needs to be approved by the world. because the current economy which controls is the bank. would the world want banks to be replaced by blockchain?

We're not really sure about it. We can't conclude what will happen beyond that, whether pros are greater tham cons and vice versa, unless all of the nations agreed upon it and reset the current system.

inoes

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to save the economy, Bitcoin needs to be approved by the world. because the current economy which controls is the bank. would the world want banks to be replaced by blockchain?
from this it can be concluded that for now bitcoin can only save us, not the economy

pokeronlinestatus

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I have said this several times and I’m always trying to let people know that Bitcoin is not what’s going to save them and their country. They are now trying to see it that if Bitcoin doesn’t save them then it’s a failure, because some dumb people made everyone believe that Bitcoin is what’s going to save them.

I can remember that the first time I saw people saying something about Bitcoin being a savior is around the time Venezuela was trending and they were talking about it steady on this forum, and some people will come out and say that Bitcoin is going to save them. Bitcoin is just for P2P transaction, and nothing else. If you think that Bitcoin is going to make a country’s economy better, then you don’t know what you saying.

RealMalatesta

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There is a difference between "bitcoin save us" and "bitcoin save our economy" because one is possible while the other one is not possible at all.

For example, if you really think that bitcoin could change anything in the regular economy, you are very wrong, the regular economy is working exactly as planned, the people who built it and controls it uses it to enrich themselves and to be perfectly honest with you 99.999% of the people in the entire world would love to be a dictator with endless money and power and do whatever they want without question as well, humans are like that, so they would do the same as well and in order to get to a level where you are in charge of economy you have to be a sleazy bad person anyway so it will not change at all neither. But bitcoin saving you personally is possible, that is what we are trying anyway.

crzy

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Quote from: mikeauerbach on September 19, 2020, 01:49:08 AM

After Bitcoin became really popular, people have been trying to find out what kinds of problems and difficulties might be solved with Bitcoin.

They believed bitcoin was here to solve everything even if they don't know the real meaning the purpose of bitcoin. Well, this market can't save everything and only those who want freedom on controlling their own finances can enjoy bitcoin. Bitcoin save me from being poor, and now I have a chance to make money on my own, I proud to say that bitcoin saved me and bitcoin will continue to give more opportunities for me.

Mauser

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Quote from: jostorres on September 18, 2020, 12:25:13 PM

I think the whole idea of bitcoin was to save the regular people from the evil of our current economy, why do people want that to be over with? I mean the only reason why I am in crypto is the fact that government and banks are doing everything in their power to make the rich people a lot richer while making the poor people even poorer.

This is basically my thoughts too. Bitcoins were created after the financial crisis of 2008 as an alternative to the FIAT system and the economy behind it. Now with the real economy in shatters we can't revert back from cryptos. The crypto community is strong now but we can't save the hole world. As you said it yourself, as long as there are a few lucky people you get rich every year (it doesn't matter if the economy goes up or down, they make their money anyways) we should not think about helping the real economy.

mikeauerbach

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After Bitcoin became really popular, people have been trying to find out what kinds of problems and difficulties might be solved with Bitcoin.

suzanne5223

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People believing bitcoin to be the solution to everything that happen within their geographical region unacceptable and this what happen when people dont understand the concept of Bitcoin and the reason behind it invention. However, I want to believe this issue only happen within the newbies.

verita1

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Since I have been a member of Bitcointalk, the only income I have been receiving is in tokens that at some point I have exchanged for ether, tether and Bitcoin.

Bitcoin is the best way I have managed to get to my local currency because there is more volume than others, especially now that the price of gas is very high due to the high demand for deFi.

If I support my family of 4 members. In addition to a dog, 3 parrots and a macaw. It means that Bitcoin works well for me, I have been able to manage my expenses in a country that has hyperinflation like Venezuela.

With regard to government aid for the pandemic in my family we received ~ $ 20. I should add ~ $ 40 for my signature is all I receive in the month. Why not encourage massive adoption with Bitcoin? It is possible. Because just like me there are families that are surviving in the middle of this pandemic with Bitcoin.

Topic: Enough with BITCOIN SAVE us or the economy - page 3. (Read 914 times)