actually for the bitcoin public it is important not important. because of course there are people who want to accept btc and some who don't. Actually, I think it's important that people adopt bitcoin with the aim of improving the economy. but of course in adopting bitcoin our must have awareness capital because investing in bitcoin is risky. because not a few people are currently experiencing losses because they do not have the awareness capital for investment. because most people who invest, especially beginners, don't think too much about risk.
so for the btc public it is not important or important.
Topic: How important is BTC to the Society? - page 3. (Read 1066 times)
When we talk of the importance few points reach out
Having 0.001 cent in fee for million dollar transaction is extraordinary but bitcoin seems evolved from the tool of payments into something like gold as we might now the bitcoin transaction fee are getting high and makes no sense , that's why we choose altcoin at somepoint.- Usage as an alternate currency.
- Multiple usage access as currency, investment, transaction medium etc
- Assured profit for users who have patience.
- Can be a big change in the financial problems out of corruption.
- Gives the ease of access and control over the funds.
A lot of benefit for society if you know how to use it in proper way.
When we talk of the importance few points reach out
- Usage as an alternate currency.
- Multiple usage access as currency, investment, transaction medium etc
- Assured profit for users who have patience.
- Can be a big change in the financial problems out of corruption.
- Gives the ease of access and control over the funds.
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.
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.
Today everything is progressing thanks to technology, no society develops without technology but the technology here is blockchain, not bitcoin. Although bitcoin appeared and made blockchain technology more interested and noticed but they are 2 different entities and now we use blockchain more than using bitcoin. Bitcoin only has an impact on individuals as it can make us rich, but on society, it has no obvious impact, even El Salvador accepting bitcoin causes many difficulties for this country.
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.
In all aspects, bitcoin is very important, society as a whole does not know about bitcoin, there are many who believe that bitcoin is a scam, they associate it with pyramidal systems where people are robbed, but society has been enlightening itself more With the bitcoin information, you know that this is money and it is money that can be better than having money stored in a bank and that it gives you more interest than putting it in a fixed term, when they discover what bitcoin can do, the price will go up So much so that it will not be possible for anyone to buy 1bitcoin except the most millionaires, the price it has is a bargain.
One thing is sure here.
For those society who take advantage of Bitcoin and its technology, Bitcoin will be important because of the several opportunities it can give. It can open up a new company that will take advantage of Bitcoin potentials, a possible job opening if these start-up company starts hiring employee. Bitcoin will also help in tax revenue since these company have to pay for their tax, same goes with the employee.
But for those society who ignore Bitcoin, I believe Bitcoin isn't important to them because they are able to continue their living even without Bitcoin.
In short the importance of Bitcoin depends on the kind of society we are talking about.
For those society who take advantage of Bitcoin and its technology, Bitcoin will be important because of the several opportunities it can give. It can open up a new company that will take advantage of Bitcoin potentials, a possible job opening if these start-up company starts hiring employee. Bitcoin will also help in tax revenue since these company have to pay for their tax, same goes with the employee.
But for those society who ignore Bitcoin, I believe Bitcoin isn't important to them because they are able to continue their living even without Bitcoin.
In short the importance of Bitcoin depends on the kind of society we are talking about.
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. As of now the world could easily go on without bitcoin and cryptocurrencies for that matter, because people do not have it in their safekeeping. What will drive importance to people is a universal importance that will have them want to earn bitcoin and hold them for a long time. Other than its potential for exponential price growth however there is none thus far that could offer such importance. So until then, bitcoin will remain like this.
How important is BTC to the Society?
I have this to say again! Bitcoin is important to the society especially to the persons or group of persons that know about bitcoin. The group of people that knows nothing about bitcoin, I don't think that bitcoin will mean anything to them or affect them.It is only the people that has investment in bitcoin that will cry during the bear market and only them will smile during the bull market.
All this FTX bankruptcy and bitcoin crash we are crying here in the forum, there are many people in the real life who doesn't understand what happening and they don't care to know in as much as they can earn a living in whatever thing they are doing.
The importance of bitcoin in the future will only be determined by the acceptability of bitcoin in the society. If it is largely acceptable, the society will feel the impact, otherwise nothing changes.
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.
Cryptocurrency helps in the elimination of the third-party influence in the monetary system. Bitcoin is created to serve as an alternative to fiat currency, making it easier to conduct transactions without the involvement of a third party. It is here to tackle the challenges linked with fund transfers that are usually experienced by local banks around the world.
Its decentralization distinguishes it today, and it has no regulatory power that can impact it now or in the future. Bitcoin has aided the environment by creating jobs for the unemployed, who are now leveraging its use and profiting from it to meet their daily necessities.
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.
Local banks have been in charge of our money and have continued to use it for their own purposes without paying us the appropriate rate of interest; some even take money out of your account for maintenance and other unnecessary costs. Bitcoin has a solution that is even resolving to a very high benefit of allowing you to hold it for a very long time. When you hold Bitcoin, no wallet will reduce your Bitcoin in the name of maintenance, and you will always have complete control of your money. 
I think it is a escape pod for most of the people who are tired of traditional banking system. Bitcoin has amazing features to offer for society however it is drastically ignored by many governments and thus it's always one step behind in achieving what it should have done already. Nonethless, there is still large portion of population who is going to use to in the upcoming years as we proceed with higher technological advances and as the different adoptions starts here and there. For example, various countries making it as legal tender is big achievement while some of them are trying to be bitcoin HUB! Definitely it has hard path ahead but bitcoin is going to be crucial part of our society sooner or later.
Bitcoin can surely help the economy of a country like for example the government can tax btc users. When there are economic crises such as inflation, people can also use the btc as a hedge against it.
We can also get extra income with it as long as btc value is rising and does not join the crisis that people are experiencing in the real world. Given all of that benefits, each government of the country should allow btc if they haven't yet or unban it if they have banned it before for some reasons. They shouldn't only focus on its disadvantage because the advantage of btc are still more than that.
We can also get extra income with it as long as btc value is rising and does not join the crisis that people are experiencing in the real world. Given all of that benefits, each government of the country should allow btc if they haven't yet or unban it if they have banned it before for some reasons. They shouldn't only focus on its disadvantage because the advantage of btc are still more than that.
the main point of BTC is to separate money & state. power to the people - defund the slave masters!
inflation destroy societies; the ability for for a small group of bankers to control & manipulate the world's money is a crime against humanity.
most of the world's problems has been manufactured by the central banking cartel (cabal) in order to carry out their multi generational agenda. If you're red pill you'll find we're dealing with pure evil. Read the creature from jekyll island - it's a good book to start with because it's orange & red pill.
fiat is the mother of all scams. they're only able to control us because we use their money. slavery has merely been rebranded to a 9-5 job.
most bitcoiners who have been around a while are familiar with the phrase: "fix the money, fix the world".
if used correctly (take custody at minimum), bitcoin gives anyone on earth freedom & sovereignty like never before in history.
inflation destroy societies; the ability for for a small group of bankers to control & manipulate the world's money is a crime against humanity.
most of the world's problems has been manufactured by the central banking cartel (cabal) in order to carry out their multi generational agenda. If you're red pill you'll find we're dealing with pure evil. Read the creature from jekyll island - it's a good book to start with because it's orange & red pill.
fiat is the mother of all scams. they're only able to control us because we use their money. slavery has merely been rebranded to a 9-5 job.
most bitcoiners who have been around a while are familiar with the phrase: "fix the money, fix the world".
if used correctly (take custody at minimum), bitcoin gives anyone on earth freedom & sovereignty like never before in history.
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.
Except for the fact that we will have more control over our money and probably the additional financial transparency, I don't see a lot of improvements happening in the society. Money will still be money and all social factors of the society are still going to remain same, only that cross border payments will become easier and biggest advantage that financial transparency will reach an altogether new level never seen by anyone so far.That's all that bitcoin gives us, it can be said that bitcoin is benefiting a lot of people, helping a lot of people to improve their lives, but when it comes to the importance of bitcoin for society, it has yet to be achieved. Bitcoin is still very limited to being a solution for society.
Currently, countries with high inflation or poor countries have been applying bitcoin, but the effect has not been as expected. I hope in the future, when bitcoin becomes more popular, it can contribute more to the development of society and countries.
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.
Except for the fact that we will have more control over our money and probably the additional financial transparency, I don't see a lot of improvements happening in the society. Money will still be money and all social factors of the society are still going to remain same, only that cross border payments will become easier and biggest advantage that financial transparency will reach an altogether new level never seen by anyone so far.Strictly speaking, bitcoin only makes an impact on individuals but not on society. Currently, bitcoin is also a part of the world economy, but it is still just an investment, not bringing too much impact to society as well as helping the economy of a country to go up. So bitcoin is not really important to a country's society or economy.
And how is going to improve the Society especially our environment and economic.
Environment and society improve when the members of this society have high moral and financial standards. Important to notice money isn't everything, though.So we can say bitcoin can be helpful as investment on long term to protect patrimony against inflation and as a potential mean of payment for online jobs that weren't disponible to common people like us before the invention of bitcoin.
As we earn more money, in great part thanks to bitcoin, we have conditions to spend more money in our local societies, warming the local markets, and going for environmental-friendly products and services, since their costs are more expensive, so we need an improved income to have access to them.
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.
Except for the fact that we will have more control over our money and probably the additional financial transparency, I don't see a lot of improvements happening in the society. Money will still be money and all social factors of the society are still going to remain same, only that cross border payments will become easier and biggest advantage that financial transparency will reach an altogether new level never seen by anyone so far. 
This has happened a few years ago when Bitcoin started to climb up and affect the lives of many people. Like it or not, Bitcoin has become a very influential thing, especially changing the people's economy. many people have found it useful to improve their economy after learning a lot about Bitcoin, but there is also the opposite. In essence, Bitcoin now and in the future has become a part of us with its various benefits and pros and cons in society.
the existence of btc has changed many lives since its inception. it has influenced the lives of many one way or another. it may not be reflected in the economic aspect of every country, but on the individual level, this btc market has been a great addition in the technological advancements especially in the payment sector. during the pandemic, many people acknowledged the btc or crypto payment method as one important addition when it comes to digital payments. this is why a lot are getting involved because they are seeing the actual contribution in the payment sector.
Jump to: