How important is BTC to the Society? - page 2.

irhact

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Quote from: panganib999 on December 04, 2022, 05:00:26 PM

People say lots of things about how important bitcoin could be to the society we have right now, some say the coin offers variety from usage against fiat currency, some say anonymity, some say because it offers profit. But at the end of the day I think these benefits wouldn't be realized if adoption isn't made.

But Bitcoin is already been adopted, it might not been as widely as we expected but today you can buy things with your Bitcoin and get some experience like paying for your flight tickets, going on vacations etc using Bitcoin which is something we won't have been able to do in the past. Everyday, Bitcoin is gradually getting added to our regular activity and soon it'll be a vital part of the our everyday life.

We have seen some countries adopt Bitcoin as a legal tender and their economy increase also seen companies do the same and recorded same benefits. Bitcoin is becoming important everyday as it's the easiest form of investing with guarantee profit at the end of the cycle of four years.

kzkazu

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Quote from: Sweetcoiner on November 10, 2022, 12:45:24 PM

Have be thinking about the importance of cryptocurrency, especially BTC in our society today and the nearest future. And how is going to improve the Society especially our environment and economic.

Bitcoin's positive impact on society and the economy is not yet realized, and it will take more time to prove it.
Bitcoin is only important to individuals. It helps improve the lives of individuals and plays an important role in protecting personal liberty and property. Bitcoin can be used as a long-term investment to protect an inheritance from inflation, or it can be invested to bring more profit.

Osama Maaz

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Bitcoin the future of finance

Quote from: Sweetcoiner on November 10, 2022, 12:45:24 PM

Have be thinking about the importance of cryptocurrency, especially BTC in our society today and the nearest future. And how is going to improve the Society especially our environment and economic.

In near future Bitcoin more precisely Crypto will highly improves our finance system as we are hearing some countries setup Bitcoin ATM machines its a beginning of a financial free nation you dont need to go banks for money just make transaction from your wallet transaction is stored on blockchain safe and secure .

Nrcewker

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Quote from: Sweetcoiner on November 10, 2022, 12:45:24 PM

Have be thinking about the importance of cryptocurrency, especially BTC in our society today and the nearest future. And how is going to improve the Society especially our environment and economic.

Bitcoins provide us financial freedom. It literally gives us full control on our own money. Unlike banks where you pay taxes and abide by rules. It definitely gonna leave an impact on the society. Now there are also some features of Bitcoins which are used for bad work by bad people. This also leaving a bad impression regarding Bitcoins on the society. Bitcoins are equally important like the way some people treat assets. Just currently Bitcoins are down a bit. It will grow once again.

poclerk

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the intended blockchain generation also doesn't want to rush to the throne yet, they are still focused on segmentation and gaining market volume, the future of their version of bitcoin in my opinion is to still want to be at the bottom and wait for profits if bitcoin stumbles and goes down, their preparation is not mastering - but preparing be a successor.

inthelongrun

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The Martian Child

BTC opened our eyes that it is possible for a decentralized currency to exist. A currency free from the world and national politics and influence. A currency that is not inflationary. It will have more value over time. BTC's blockchain is telling the world that all our systems can be visible and immutable. In my country beset with corruption from local to national appointed and elected officials blockchain is the solution. A perfect world should be using blockchain and BTC as its currency.

Tubicolous

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There is no such thing as a safe place when it is about money. There are going to be scams and fear of losing when money is involved. However, proper knowledge and awareness can prevent being scammed.

Agbe

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Quote from: borovichok on December 05, 2022, 01:06:44 PM

Quote from: arwin100 on December 04, 2022, 06:10:25 PM

Important to make the life of people more easier since this could be made us an alternative option aside from other digital payments system. Also we could also use this for investment purposes so I guess people need to know how flexible bitcoin in terms using it on different options we like. But it need legal acceptance also proper education to people who want to use it so that they will not mislead on idea that this is easy rich scheme for them not to get scam by many frauds exist in this industry.

Bitcoin is very important to our present lives since the world is advancing into another era. There are major big difference Bitcoin have made over the years and investors tend to cope with the long-term project. Bitcoin have all the basic necessities needed to grown more further with enough backup from moderators and users. Bitcoin is legit and the amount of trading volume is increasing by the day with ease. There's enough time to get pieces of bitcoin in your wallet, just to keep accumulating for long term purposes.

Bitcoin has touched and changed many life in the world. Bitcoin Investment is good for those who are really ready to invest for long term and it is not good for short term investors because a bear market will just disappoint them. The p2p system is working very well in the advance countries but it is not working perfectly in my locality because they users of bitcoin there are not much and not it is not always people have BTC in their wallets to trade. All the best. This is the best time to plant bitcoin and harvest it in the nearest future

worle1bm

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It depends on the social viewpoint of the society like how they want to treat their financial life and for me btc needs and importance depends on your personal approach more rather then social.If you are investing in it or will use it then it's because you see profits in it or there are many merchants around you accepting it not based on any social elements.So for me it's how important you see bitcoin for yourself not as a society on a whole.

irhact

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Quote from: Mr.right85 on December 05, 2022, 05:51:29 PM

In a society where the government gets to control everything under a centralized system, bitcoin or cryptocurrencies is the only thing that is out of there reach and the more reason why, crypto investors shouldn't leave there coins on centralised exchanges.

Bitcoin is the biggest threat to centralized system that's why with the help of government funding and backups, some cooperative are trying to take control of the cryptocurrency market through centralizing the whole industry like centralized exchange, wallets and other products that the market offers. Bitcoin make the governor scared as it improves the life of the society.

You can basically carryout all transactions decentralize from the comfort of your home without causing noise pollution, air pollution etc when you drive your car to banks to carryout this transactions. Bitcoin also makes it easier to keep track of your finances etc.

digaran

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You asked a q in the title, the post itself has no question, so I'll just answer the q in title.
Whenever I talk about BTC, telling people to buy and invest for their future, all I hear from them: it's too risky, too unstable, tha's the opinion of most of the people.

What the societies really need is a robust, reliable, fast and easy to use crypto.
Imagine a mass adoption of BTC, can the ordinary people afford to pay for eg. 10 bucks fee for a 20 bucks purchase?
If the answer is no, then BTC is not for mass adoption and the ordinary joe.

Can we use it as a store of value? Well with this market which is more like a rollercoaster than a financial market, the answer is no.

Can we use it as investment for the future? Answer is yes.

Can we use it to circumvent sanctions imposed by super powers? Again the answer is yes.

However with the super rich whales and goverments hoarding BTC, can't see much benefit going to the "Society".

romero121

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Bitcoin is a tool that have made many people rich. Majority doesn't care about the technology that have made it successful.
Once it was affordable for all levels of people. Now with the growth things have reached high. At times it looks like rich people's money.
People have got an alternate investment opportunity, who were sticking to the traditional system for a long. Also in a much easier way.
Some mentioned of bitcoin to lower the poverty, and this isn't possible. The reason for which it is being innovated is to cut the intermediary.

Ebede

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Quote from: Sweetcoiner on November 10, 2022, 12:45:24 PM

Have be thinking about the importance of cryptocurrency, especially BTC in our society today and the nearest future. And how is going to improve the Society especially our environment and economic.

Bitcoin has dominate all over the world so it is not important because people have known the value of bitcoin and people is now investing in Bitcoin more than any other thing then see outside the world so therefore that is why many people today do work in Bitcoin so I will agree with you that bitcoin now boost the economic capital of a country for a country that do like to invest in Bitcoin

Mr.right85

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In a society where the government gets to control everything under a centralized system, bitcoin or cryptocurrencies is the only thing that is out of there reach and the more reason why, crypto investors shouldn't leave there coins on centralised exchanges.

The usefulness of bitcoin or cryptocurrencies is already being exemplified in our world. The fact that, you could send a large some over the blockchain network without any delay, use it for purchase amongst other uses.

It's the one thing the elite of our society cannot completely leverage for there selfish interest and offers some common ground for people of all classes and race.

Ryu_Ar1

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Quote from: borovichok on December 05, 2022, 01:06:44 PM

Quote from: arwin100 on December 04, 2022, 06:10:25 PM

Important to make the life of people more easier since this could be made us an alternative option aside from other digital payments system. Also we could also use this for investment purposes so I guess people need to know how flexible bitcoin in terms using it on different options we like. But it need legal acceptance also proper education to people who want to use it so that they will not mislead on idea that this is easy rich scheme for them not to get scam by many frauds exist in this industry.

Bitcoin is very important to our present lives since the world is advancing into another era. There are major big difference Bitcoin have made over the years and investors tend to cope with the long-term project. Bitcoin have all the basic necessities needed to grown more further with enough backup from moderators and users. Bitcoin is legit and the amount of trading volume is increasing by the day with ease. There's enough time to get pieces of bitcoin in your wallet, just to keep accumulating for long term purposes.

I would probably classify this.
bitcoin is important only for people who are here and who want to be interested in crypto it is not for everyone.

We know there are lots of pros and cons for bitcoin, even though maybe most people here are pros, but out there there are still many people who think bitcoin is a scam, so we really can't make it as if everyone needs it.

Even though the era of technology has become more sophisticated now, we also cannot force everyone to think bitcoin is important.
I live in an area where bitcoin is indeed a taboo here, in my family only I like bitcoin but not my family because they still think this is not very good, I give an explanation which I think is good but it will not be considered ok so instead of continuing to make this like coercion then I like my way and let them because this is their own choice and I can't force them to like bitcoin and they can't force me to get out of bitcoin either.

Rana590

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Quote from: Zanab247 on December 05, 2022, 09:58:52 AM

Bitcoin can help society to eliminate delay for both long and short distance transaction to enable people have full confident of transaction anytime in the society. Bitcoin can break the gap of third party for the transaction to be successful, which is the main reason society like Bitcoin, and to use it for payment in any kind of goods in the environment. Bitcoin is a decentralized currency that can be use to grow a business or use to improve economy in the country.

Day by day people are going to increase the uses of Bitcoin because it is fast and secure. As a payment method, it is reliable and well known to most of the people. For P2P transaction, Bitcoin is a good choice because there is no middle man and it is safe. I hope the uses of Bitcoin will be growing rapidly in upcoming days.

akuntester1

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Quote from: Sweetcoiner on November 10, 2022, 12:45:24 PM

Have be thinking about the importance of cryptocurrency, especially BTC in our society today and the nearest future. And how is going to improve the Society especially our environment and economic.

In my opinion, Bitcoin and Cryptocurrency is indeed an innovation that is important to be aware of in the era of the digital and all-modern world like today.
As a society, we are free to follow or not follow all current developments, including cryptocurrency.
But we cannot impose our thoughts that cryptocurrencies are important to everyone in our environment and the general public.
Of course cryptocurrency is considered important only for a few people or people who already know and enter the cryptocurrency world.

I don't think there's anything we can do about the community unless there are some people who want to know cryptocurrency, and then we'll explain it to them.
Or maybe we can start having some discussions about introducing cryptocurrencies to our surroundings.
As many people in this forum have done about introducing cryptocurrency to their environment.

At least we have to change ourselves and our own economy first and increase knowledge,
After that is successful, maybe we will have more influence on the surrounding community to introduce cryptocurrency.

virasog

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Quote from: romero121 on December 04, 2022, 05:47:17 PM

For a society that is advancing through technology it could make a big change. When something gives transpreency, automatically things will happen good without any kind of corruption taking place in the process. This itself a big thing in an organisation or society. This is not the only change it can do, there are more things done by bitcoin to make everything effective.

Not only Bitcoin but blockchain technology is beneficial for society. The biggest problem in underdeveloped countries is corruption and if we store data using blockchain technology there will be no or very little chance of corruption.
I would suggest government to start incorporating both bitcoin and blockchain technology as this will help the countries grow and this technology is even more useful for the underdeveloped world.

borovichok

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Quote from: arwin100 on December 04, 2022, 06:10:25 PM

Important to make the life of people more easier since this could be made us an alternative option aside from other digital payments system. Also we could also use this for investment purposes so I guess people need to know how flexible bitcoin in terms using it on different options we like. But it need legal acceptance also proper education to people who want to use it so that they will not mislead on idea that this is easy rich scheme for them not to get scam by many frauds exist in this industry.

Bitcoin is very important to our present lives since the world is advancing into another era. There are major big difference Bitcoin have made over the years and investors tend to cope with the long-term project. Bitcoin have all the basic necessities needed to grown more further with enough backup from moderators and users. Bitcoin is legit and the amount of trading volume is increasing by the day with ease. There's enough time to get pieces of bitcoin in your wallet, just to keep accumulating for long term purposes.

Zanab247

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Bitcoin can help society to eliminate delay for both long and short distance transaction to enable people have full confident of transaction anytime in the society. Bitcoin can break the gap of third party for the transaction to be successful, which is the main reason society like Bitcoin, and to use it for payment in any kind of goods in the environment. Bitcoin is a decentralized currency that can be use to grow a business or use to improve economy in the country.

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