Topic: How important is BTC to the Society? (Read 1066 times)

BTC is the most valuable of all crypto currencies and to a large extent widely accepted because it's safer and no scamming is foreseeable so it becomes a safe haven for business men who wants to invest for the long term.... I personally bought  BTC and open accounts for my kids..... Knowing that in the nearest future it will serve as a backup plan for thier fees, upkeep or some sort of emergency.... That how important it is to me and many others in the society....

Getting into a new employment with similar job security is difficult in such time specially in jobs for developers. I believe some countries might be getting this example due to reasons unclear to me, but most low income countries might not see a similar rise in crypto-paid developers, yet.

But it is good to hear that they are being paid well for the same job. Thing is that such jobs once they sink in, they stop paying well and start to reduce the monthly salary, knowing  that the employees are at their mercy because they quit their jobs. I hope the same does not happen to these locals.

I dont agree with this because fiat will be there in future in some form. Crypto based salaries will vary depending on how much an average person needs to spend in order to live - but again the valuation comes from fiat. Equal distribution is a utopian thinking and hence not practical, still it would be interesting to see if that happens in real.

In my country, there are thousand of people who quit their job and started to either full-time trade crypto or they are working in the crypto world. Like for example, I know so many developers who used to work as junior developers in companies and got paid somewhere close to 400$ per month, and now the same people work for 1-3k dollars a month for crypto companies for the same skills that they have. Sure the language is a bit different but they say this is easier than regular development works.

So, it is clear that redistribution of wealth could be a lot easier thanks to crypto, and bringing foreign currency into nation is a lot easier this way as well.

Bitcoin is truly a versatile tool, it includes all the features of fiat money and gold combined, and it has changed many people's lives. If it continues its current momentum and is not challenged by the government, then bitcoin has a lot of chances to become something big that can have more impact on society in the future. But so far, bitcoin cannot be called important or has a great impact on society, more than half of the world's population still do not know and use bitcoin, they are fine without bitcoin.

Bitcoin is an alternate kind of money for transactions that is unconstrained by politics. Its usage and supply are not governed by a single, central body or person. Instead, the network is collectively owned by all Bitcoin users. Due to its decentralization, payments may be sent and received without intervention from other parties anywhere in the globe.

With bitcoin, businesses, retailers, and individuals have the flexibility to send and receive payments and make investments anywhere in the world. Greater autonomy in financial transactions and wealth management is guaranteed, something that traditional methods do not.

Bitcoin is art.

As any piece of art, its beauty gets brighter and greater as you understand it. Unlike many contemporary art examples, Bitcoin's beauty can be experienced by most people. that's the main goal of its decentralized character. Bitcoin is art because the process of understanding it is entirely subjective, and it goes through several layers. This layers are only to be discovered if you are able to surrender your ego, and decide to submerge into the rabbit hole. Its surface traps you with your own greed being reflected, so you could see it as a speculative asset, or magic internet money. But it is just a thin layer of what Bitcoin is underneath.

Each new cicle Bitcoin has successfully proven that its value is real. Understanding this, requires the observer to question what is value, what is money, how our system works. No art piece before Bitcoin had achieve this level of self reflection and awareness in a more effective and decentralized way. But there is more, as value is just one of those layers you could see if you decide to understand Bitcoin. When most people get to understand the layer of value, Bitcoin is already unveiling how it could be the solution for other problems that many though unsolvable.

Since genesis block there where keys hidden into those other problems that Bitcoin could fix:

https://pbs.twimg.com/media/FepmTreWYAY6Pao?format=jpg&name=4096x4096

There is a correlation between economic crisis and wars. War has been though as a escape, as a perfect smokescreen, but each war only deepens the hole. Bitcoin doesn't like wars, as its price has proven each time they succumb to their madness. Bitcoin is art because when you as a Bitcoiner realice this fact, you can't be in support of war as it will affect your bags. Bitcoin means of expression is trough truth, and truth is tough. But again, this chicken and egg situation between war and economic crisis is just another layer. And the rabbit hole goes way deeper.  

Bitcoin is art because when you get to understand all this, you'll ask yourself if Bitcoin is some kind of magic; If it was created by aliens, or an artificial intelligence. But the only real and logical explanation is that it was created by an artist. Bitcoin is such a powerful Graffiti on the central banks walls, that the artist haven't had the need to speak, as this art piece is strong from within, and it speaks loud and with eloquence.

Bitcoin's expressiveness reach is now knocking on climate change doors, presenting itself and standing as a solution for the most crucial problem in humaniti's history. While most of Bitcoiners haven't even recognize it as a problem yet, Bitcoin is already solving it. But proposing itself as a solution for climate change is just another layer.

Bitcoin is an ever evolving powerful art piece without any aesthetic limitations on what it could accomplish.The most ambitious global graffiti timechain.  

We use bitcoin for multi tasks and there are many ways it has shown that's it's worth it and can survive in our universe. We use it as a means of payment and also for investment, because it has a promising future, it's just a matter of time before we all know the outcome. Bitcoin is essential to the society and have help countless individuals to achieve their possible goal in cryptocurrency. There's are many ways bitcoin have aides in developing the means of payment. It's actually better than fiat currency and Government of some of the countries are imposing laws on bitcoin inother to reduce the way people used it.

Bitcoin usage has been steadily increasing over time. As a result, the use of Bitcoin is increasing socially. Now people can do various daily tasks with Bitcoin. It has become a popular medium of exchange especially where it can be used with out any doubt. Because it is very easy to use at low cost and safely. BTC is now a great opportunity to earn money on trading platforms. It is currently easier to make large financial transactions with Bitcoin than the fiat. Bitcoin acts as an alternative to the current banking system. Transaction does not require a third party. Facilitate money transfer anywhere in moments. Above all, employment opportunities are slowly emerging around Bitcoin.

Bitcoin is highly volatile as a result of which it cannot keep up with the value of the asset. But continuously made important contributions to various issues, including alternatives to Fiat. Bitcoin is a decentralized, peer-to-peer currency system. Currently PayPal accepts Bitcoin which makes it easy to value. No need to rely on government, banks and payment providers for transfers. To participate in the Bitcoin monetary system, all that is required is an Internet connection.

One of the importance of Bitcoin in my society is that it is helping to achieving one of the United Nations, Sustainable Development Goals(SDG).The Sustainable Development Goal 6(SDG6), is to ensure availability and sustainable management of water and sanitation for all.

In May, 2022 around $6,000 in BTC at the time was used to complete a clean and sustainable water project in Igbaruku community, Kogi State, Nigeria. Over 1,000 villagers live in this community. At that time, they had no access clean drinking water and had to travel long distances every day just to get to the one water source that is even close to them. And even the one source of water there is contaminated, which complicates matters and frequently results in waterborne illness among the villagers. But now with the new water system, they are healthy, and no longer have to walk long distances to get water. This is  how important bitcoin is to the society.

From my own understanding which coin is important to the society because of what it has done since it was introduced because many people especially use is now trading bitcoin using bitcoin as source of income and the source of job without looking for extra-ordinary things or involving their self instilling so we did the Bitcoin investment many people have been having online money without bothering their self with White collar job

Bitcoin is an innovation of great benefits to humans. The invention of bitcoin has opened the eyes of so many people about the extortion of the government and the fiat currency.
Imagine you keeping your money in the bank but won't be able to access or your money will be tempered with, in course of extra charges and maintenance fees charged in someone account the governmen control policy. Bitcoin is slowly taking over the world as a famous currency used by people that have truly understood the crypto ecosystem and it have serve as a means of getting huge income due to volatility of its nature.

Important note:: someone can also loose lots of bitcoin in just some time as the price of bitcoin constantly fluctuate and this has brought it to a great investment means for business men and women in the world.

Bitcoin being a valuable digital currency and a widely used coin, it must play a role in society and country's economy. Bitcoin being a popular coin worldwide.  A country that holds more bitcoins will have a stronger economy. However, since the price of Bitcoin is not stable, there is also risk here.  So holding a large amount of Bitcoin can boost the economy very quickly by pump btc price  and can also hurt the economy very quickly by crashing btc price

You know, not only bitcoin can be used for a bad deeds, this may apply to anything that is used as a means of payment. There will always be bad people who will violate the law and use all available resources for this. But Bitcoin has significantly more positive aspects and who understands this will use it. Now its price has decreased, but this is just one of the properties of bitcoin, and we know that after the fall there will always come an growth, so the Hold will help to cope with this!

I find that normal, and you don't need to laugh or get mad at them because you already know they don't know anything about bitcoin. They were like us when we first heard about bitcoin, we said we were not interested and didn't buy bitcoin when we first learned about it. At that time, no one laughed at us, so we had no reason to criticize them, give them more time and they will figure things out. Bitcoin is still new to them, and time will correct all those mistakes.

I think this is a very broad question and very important! If we are talking about the usefulness or unsuitability of blockchain technology! I agree with you that too little attention is paid to the usefulness of technology and too much attention is paid to the financial side. This is what, I think, to some extent hinders the introduction of blockchain technology. It is probably correct to say that bitcoin is not accepted as a technology, but it is accepted as a way of making money, and this is also correct to some extent.

I just remember seeing a lot of news about bitcoin in our country in previous years when it hit its multiple ATH, mostly the person they interviewed about bitcoin claiming it was a scam because they invested in a Ponzi scheme. I and my friends are laughing at it since they don't have legit sources of that news since those they've interviewed are newbies. At the same time, it makes me angry and sad since the image of bitcoin for those who don't know (first impressions matter) will say it is a scam and we should stay away. They really don't know what bitcoin is or how great this opportunity is.

And governments are using those isolated incidents to try to paint a negative image of this market to the average person so they can achieve a series of objectives, the first one is that they can delay the adoption of bitcoin for long enough to try to figure out how to deal with it, and the second objective is to give themselves and excuse to make moves against bitcoin and to try to force any centralized institution to play by their rules.

in today's society it is difficult to say how important btc could be, in europe and the united states of america it is seen as an object of speculation, whether it is btc or other crypto. in the future it could be a real alternative to fiat currencies due to decentralization and due to the store of value (consideration that will have to be discussed well) but until there is a mass adoption we could hardly see btc as a legal tender, there are states that have already moved forward (El Salvador) but apparently with little success

We could really talk about generally on how useful or how revolutionary blockchain technology is, yes its true that this one is really something that is very helpful not only on the essence of payment system but also

in other industries as well.We've been able to see on how its been applied in medicine and been applied in various things which we can really say that it does really have that utility.People are really just focus too much on how to make money and not really minding much when it comes to utility which is something not really that surprising that people are really just really that interested on how
themselves on being rich.Bitcoin did really gain up soo much attention not because its utility but rather into its investment opportunities and chances and its something that
wont really be that surprising knowing people who do really love money much.

The question is quite complicated! I want to mention blockchain technology in more detail! I believe that this technology makes it possible to simplify processes in various fields! That's where the importance can be noted! In fact, it is a digital book with a digital signature and the digital signature cannot be changed! in general, it can be implemented where some kind of rester is needed. And it can be noted that this is a real technology, and not some advertised project!