The most important feature of bitcoin is that it's verifiable at any given moment by any user. The value you have in bitcoin is yours forever. It cannot be taken away and you cannot be stopped from using it.
To compare, a traditional bank doesn't move your money when you make a transaction. It sends information to the other bank branch that they are adding to your account and the other branch should subtract from their ledger. When you pay with bitcoin you really do it. Coins are processed and moved across the chain from your address to the recipient's.
Also, the bank doesn't act on its own. It's subject to laws, regulations, it has to obey the government. It can also act on its own and make rules that you either accept or get kicked out. Bitcoin doesn't do that. It doesn't obey any rules and it won't discriminate. It's better than the Internet because with Internet you have to go through an ISP server and that ISP has a registered company and can deny you service. Bitcoin will not deny you. It's so good that when you're using it you start seeing flaws in internet providers and traditional payments. It opens our eyes.
Topic: How important is BTC to the Society? - page 4. (Read 1084 times)
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.
Many people still do not realize about the importance that bitcoin really has, CBDCs are coming and this will give governments unparalleled control over your finances, if at some point governments decide they do not like people using their money to buy cigarettes and cash does not exist anymore then they could forbid you to buy cigarettes, so they will have a compete control over what you can and cannot buy, bitcoin gives us the ability to resits that censorship and that is invaluable. 
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.
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.
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Currently,it's like riding on a bumpy road with anything thatbhas to do with finance, you can't hold enough dollar's, your country Currency and also Bitcoin, because they are all not currently stable.
But holding and buying Bitcoin fir long term purpose is worth the buy.
In as much as price volatility is an advantage to Bitcoin in terms of the traders but I also think that the volatility of Bitcoin is of great disadvantage to knowing the true essence of Bitcoin.
Because of buy low and sell high ideology of bitcoin to have some profits, it has made many people deviate from the original purpose of bitcoin and the advancement of bitcoin course.
Bitcoin will heed us against inflation which is a very good attribute of Bitcoin. If we actually want our money to double then we should go and work and get paid or do other kind of thing to get money. The total essence of satoshi in Bitcoin is for it to be currency but today bitcoin has become more of an investment asset than a currency.
When we pay less attention to the profit we get by price movement of Bitcoin, we will understand the true value and essence of Bitcoin as it regards present and future
I just want to add an idea about this matter, in my observation and how many years I have been in the cryptocurrency industry, as far as I can see, in a short time this bitcoin will become a necessity in most countries.
Because of this time, whether we admit it or not, there are countless merchants and large companies around the world that accept bitcoin in their businesses, even in tourist spot locations, it is slowly being noticed. . Meaning, its importance is due to its usages and features and it is gradually being seen by the majority of people around the world.
Because of this time, whether we admit it or not, there are countless merchants and large companies around the world that accept bitcoin in their businesses, even in tourist spot locations, it is slowly being noticed. . Meaning, its importance is due to its usages and features and it is gradually being seen by the majority of people around the world.
I admit that bitcoin is getting more attention and acceptance in shops, companies, and even some countries that have already accepted it. It is a highly optimistic signal for bitcoin as well as the future of the crypto industry. But honestly, OP's question is asking about how vital bitcoin is to society, and currently, bitcoin is not something that has a significant impact on a country's economy. Bitcoin is not really there, bitcoin is on its way and we need to push it to get there faster, not the illusion that bitcoin has already done it.
The market price of Bitcoin is equal to its own value.
One of the great things about Bitcoin is that you can quickly transfer large amounts of value around the world without relying on any intermediaries.
The popularity of Bitcoin has made people pay more and more attention to their privacy. Bitcoin is slowly affecting everyone's judgment.
One of the great things about Bitcoin is that you can quickly transfer large amounts of value around the world without relying on any intermediaries.
The popularity of Bitcoin has made people pay more and more attention to their privacy. Bitcoin is slowly affecting everyone's judgment.
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 is so important in our present life today. Bicoin is fast forming main part of humanity especially in the online companies and for online transactions. You can use the gambling industries for instance as they have accepted bitcoin to a large extent for payment method.
But no matter how important bitcoin is presently, it cannot be compared to the amount of importance bitcoin will be in the future.
When automation will take over the industries of the world where humans might not be needed for transaction acceptance and payment then you will know the importance of Bitcoin for automated transaction confirmation without human interferece, which will be integrated in robots and other technologies. That is when the pure importance of bitcoin will be appreciated by the whole world.
The era's headed to the digital phase so it's a good idea you have contributed there, and with the automation fast approaching and the utilization I think the partnership with lighting network would make payments and transmission and transactions go smoothly without much problems.
Also, Bitcoin is a better alternative to the Fiat money that the government imposes on the people. It's so sad that the government are the people, but what they really want and demands are not been met. Take your time to read about the advantage Bitcoin give's you over fiat.
Currently,it's like riding on a bumpy road with anything thatbhas to do with finance, you can't hold enough dollar's, your country Currency and also Bitcoin, because they are all not currently stable.
But holding and buying Bitcoin for long term purpose is worth the buy.
I just want to add an idea about this matter, in my observation and how many years I have been in the cryptocurrency industry, as far as I can see, in a short time this bitcoin will become a necessity in most countries.
Because of this time, whether we admit it or not, there are countless merchants and large companies around the world that accept bitcoin in their businesses, even in tourist spot locations, it is slowly being noticed. . Meaning, its importance is due to its usages and features and it is gradually being seen by the majority of people around the world.
Because of this time, whether we admit it or not, there are countless merchants and large companies around the world that accept bitcoin in their businesses, even in tourist spot locations, it is slowly being noticed. . Meaning, its importance is due to its usages and features and it is gradually being seen by the majority of people around the world.
Bitcoin helps you fight against inflation and it will help you survive in this world. In today's world where the primary currency is Fiat money, where the distribution of this is unfair. Government always prints excess money which makes rich people more richer and poor people more poorer.
Bitcoin can only help us against inflation if you hold it for long, in the short term, bitcoin can not help us against inflation. For example, if you bought bitcoin at the end of last year, your wealth would have fallen far short of the fiat currency's inflation so far. The fact that the rich are getting richer, I don't think it's the government's fault, but ours, simply because we're not better than them.
Bitcoin can help bridge this gap as its supply is limited and there is no inflation in it. The only hurdle is that government is not in favor to make bitcoin as a mainstream currency. 
Bitcoin is an excellent opportunity for everyone, and it opens up the possibility for poorer people to take advantage of the opportunity to catch up with the rich people of today.
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.
Exactly under your topic there is an answer to sort between Bitcoin and Crypto.For the environment, Bitcoin will not harm the environment.
For the economy, it makes transactions easier.
Considering the incredible amount of energy required for mining, yes, it is harmful to the environment.
Making transaction easier? Well, not yet. The cost to buy a wallet and the time learn their use are significantly more than using a credit card.
A google search states 7 transactions per second. Yeah, the effective amount is larger, but a quick check for Mastercard reports 5000 per second. That is on the order to 700 times more transactions. Even with the Lightning network, the bandwidth needs to be much higher. And with every full node needing some 400 Gbytes and growing every 10 minutes, that is quite a load to impose.
That said:
A world wide currency that cannot be controlled by governments, cannot be inflated by governments, ..., well, that is a huge step in the right direction.
And that said:
The volatility is nothing short of extreme. Users must plan their transaction to translate to fiat very quickly or must be able to withstand those extremes. To expect that my favorite currency can lose more than 2/3rd of its value in a few months, ..., well,... that is a lot.
BTC is important for we have yet no definitive idea of what could happen in the future. With BTC, you can keep your wealth whether the country where you are turns into an authoritarian dystopian government. I learned this from prepper though.
There are already places where people can use BTC all around, this could be better if people learn to use wallets where they own the private keys.
BTC is really important for people who live in a country that having high inflation every year and that's make their wealth always lose. If they're invest to Bitcoin, they can make profit when the bull run happen, at least they can beat the inflation and not just let their wealth lose without doing anything. Also if there's a people who have many problem with banks since banks false accused their customers, this can make that people to use BTC to achieve freedom due to complete decentralization.
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 is so important in our present life today. Bicoin is fast forming main part of humanity especially in the online companies and for online transactions. You can use the gambling industries for instance as they have accepted bitcoin to a large extent for payment method.
But no matter how important bitcoin is presently, it cannot be compared to the amount of importance bitcoin will be in the future.
When automation will take over the industries of the world where humans might not be needed for transaction acceptance and payment then you will know the importance of Bitcoin for automated transaction confirmation without human interferece, which will be integrated in robots and other technologies. That is when the pure importance of bitcoin will be appreciated by the whole world.
Well, first of all, it is better to say Bitcoin to encompass everything, that is, the dollar as an element of use works well, it is its institutions ( banks, governments, etc) those that make the "flow" not exist.
So, having said that, bitcoin can be the ideal payment system, but if the individuals or those of us who are in the idea of its use or implementation do not develop the collective, then the importance or its relevance is diminished, as is currently the case, there is no revolution (today), in the collective and that can start by not using financial institutions anymore, but it doesn't happen, so, that is where it is important, it is not enough to say "Bitcoin exists, is very good".
So, having said that, bitcoin can be the ideal payment system, but if the individuals or those of us who are in the idea of its use or implementation do not develop the collective, then the importance or its relevance is diminished, as is currently the case, there is no revolution (today), in the collective and that can start by not using financial institutions anymore, but it doesn't happen, so, that is where it is important, it is not enough to say "Bitcoin exists, is very good".
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 is becoming so important in the society that everybody wants to get involved even the governments itself, Too Bitcoin is changing our societal view as regards to how money works, That is Bitcon serves investment opportunity and being your own bank. Bitcoin sloves the problem of cross border payment with easy and fast transaction unlike sending fiat currency from one country to another.
I don't believe that you aren't fluent in speaking or writing; I think you didn't take your time to avoid typos like this, -- a type that almost got me wondering why I decided to read your post in the first place. Check on that.
No. You haven't known this whole cryptographic stuff outrightly. If you do, you shouldn't be asking how important it has been and how it's gonna improve...............makes me feel you haven't aligned with 'em current rehab which has made you looked Bitcoin disdainfully, that's naive.
This sounds hostile, and this response can be discouraging for newbies who truly know nothing about bitcoins and have joined the forum to learn. If this is the regular response that everyone here gives whenever someone asks a question truly when they want to learn from the community, they will not become comfortable, become afraid of expressing themselves and will limit participation so they don't get gaslighted. You can see that OP is truly a newbie, Please be accommodating and hospitable, you were once a newbie to both bitcoins and the forum.No. You haven't known this whole cryptographic stuff outrightly. If you do, you shouldn't be asking how important it has been and how it's gonna improve...............makes me feel you haven't aligned with 'em current rehab which has made you looked Bitcoin disdainfully, that's naive.
I quite agree with you on this. It does sound a bit hostile and can be discouraging to newbies who has legit questions to ask.
The forum is accommodating to anyone and everyone who is eager to acquire knowledge irrespective of the language spoken. The OP may or may not be fluent in English but that does not deter the individual from asking questions(no mater what it is)and I think that’s admirable.
Everyone on here was a newbie at some point and we should be accommodating to everyone irrespective of how fluent in English the person speaks or writes.
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 helps you fight against inflation and it will help you survive in this world. In today's world where the primary currency is Fiat money, where the distribution of this is unfair. Government always prints excess money which makes rich people more richer and poor people more poorer.
Bitcoin can help bridge this gap as its supply is limited and there is no inflation in it. The only hurdle is that government is not in favor to make bitcoin as a mainstream currency.
It seems to me that blockchain technology can simplify some processes in various industries! It seems to me that this technology can be applied in many places! This is a unique technology and, most importantly, it is reliably protected, I have never heard of hacking the bitcoin blockchain or anything like that!
The importance of Bitcoin depends upon the users. For an user who have benefitted out of it have positive thoughts over bitcoin. If someone have got into Bitcoin with good thoughts and got scammed/trapped, their experience will be different and have different opinion.
For now we're in a very critical situation, in terms of economy as well is with the available investment opportunities. Bitcoin gave the hope of being our own bank and now the Exchanges fighting for power have made people realise to use non custodial wallets than relying on centralized platforms.
The society have got a huge percentage of un-banked sector. For all such people bitcoin serves to be a way to have control over their funds. Particularly the same getting used as investment, fiat for transaction and store of value is the good thing about it.
For now we're in a very critical situation, in terms of economy as well is with the available investment opportunities. Bitcoin gave the hope of being our own bank and now the Exchanges fighting for power have made people realise to use non custodial wallets than relying on centralized platforms.
The society have got a huge percentage of un-banked sector. For all such people bitcoin serves to be a way to have control over their funds. Particularly the same getting used as investment, fiat for transaction and store of value is the good thing about it.
Bitcoin is very important to society because of the technology it brings. The transparency of the transaction removes corruption. The borderless transaction enables people to send funds without the restriction of geographical location. Bitcoin makes the world looks like one even though it is divided by different regions, religions, and government. Bitcoin does not discriminate unlike banks and other financial institutions. Bitcoin does not need a trust system, thus people don't need to prove themselves in order to transact with it. Bitcoin is slowly changing the face of the financial system. That is how important BTC to the society.
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