Topic: How important is BTC to the Society? - page 5. (Read 1084 times)
Cryptocurrencies in general, and Bitcoin in particular, are of great importance in our society, as Bitcoin enables us to have freedom and privacy in payment and receive money smoothly anywhere in the world, and we can remain anonymous because Bitcoin is not centralized and is not subject to any control or government authority, in addition to the speed of transactions and low fees, Bitcoin has advantages that we lack in our local fiat money, and I think that Bitcoin is very suitable in crises such as financing wars, paying charities around the world and preventing epidemics, where we can do financial matters without exposure or contact with people.
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.
No, Bitcoin is still not large enough to affect the society or the economy of the world. Bitcoin is only affected by smaller individuals, especially here that are only individuals or a group of people. But with the current rapid growth, we have the right to hope that in the next 10 years, BTC will be an important part of society as well as contribute to building the world economy like other industries.
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.
But unfortunately, currently, only a small part of our society knows bitcoin, while others are still busy with their work activities so they have never known or even heard of bitcoin. But if many people keep trying to spread bitcoin around where they live, chances are they will be interested and join it. Once they start learning about bitcoin, they will think that bitcoin is very important to them and they can use bitcoin as an investment tool apart from the usual investments. This will also help bitcoin to be more popular and not just in a certain place. Bitcoin is an important idea, that has been implemented. It shows that money doesn't have to be issued by the government, that online transactions don't have to go through an intermediary, that no regulating authority that works on stabilizing the price and working on supply is needed. This is a big transformation of the idea of money, and it happened largely thanks to Bitcoin. As for how big it is in terms of direct impact, it depends on a society, I think. In some countries, Bitcoin is more popular, in some it is barely known. In some cases, it's used as money, in others it's used as an investment or as something to gather international donations in. But let's remember that Bitcoin can't fix the global economy or solve difficult issues. It shows that something out of the ordinary is possible, and it can empower some people. But it's not a magical fix for everything.
I agree with your thesis, but it's not really about the importance for society. In more detail, its importance lies in the simplicity and ease of transactions and security, with the help of which it is faster to make payments for the necessary goods, which is very important for some businesses, for example. 
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.
Chris Garrod, wrote an important piece - "Why is Crypto so important and should I care?" about this matter.
Our society is going fast forward into an Orwellian society where privacy and financial freedom are losing their meaning and surveillance is dictating our every action. We are being led into a society of unconcealed consumption where props can be bought at any street corner store but its ideology core values are no longer there. Bitcoin is important in a way that it reminds us of how important decentralization is, and how important financial freedom is.
Bitcoin is an important idea, that has been implemented. It shows that money doesn't have to be issued by the government, that online transactions don't have to go through an intermediary, that no regulating authority that works on stabilizing the price and working on supply is needed. This is a big transformation of the idea of money, and it happened largely thanks to Bitcoin. As for how big it is in terms of direct impact, it depends on a society, I think. In some countries, Bitcoin is more popular, in some it is barely known. In some cases, it's used as money, in others it's used as an investment or as something to gather international donations in. But let's remember that Bitcoin can't fix the global economy or solve difficult issues. It shows that something out of the ordinary is possible, and it can empower some people. But it's not a magical fix for everything.
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 don't know about bitcoin and their life goes on normally without bitcoin so it can be said bitcoin is not affecting or important to society, bitcoin only has an impact on some individuals like us who invest in it.
Many people use bitcoin because it gives them anonymity, a place to store their assets, where they can actually own their assets and not be afraid of being stolen by the government or someone. Along with that, people are looking at bitcoin as an investment that gives good returns.
What I see people are using bitcoin, they are getting better and better, this will make the society better. Hopefully in the future when bitcoin is more known and bitcoin benefits people more from that it will bring more positive influence to society.
It's important just as the existence of other investments and currencies. People are already looking forward at it as a type of wants before because it's expensive.
But now, it's becoming like a 'must-have' even if it's still considered expensive for many. Because the true potential of bitcoin has been seen and it's an asset that has been the best performing for the past years
But now, it's becoming like a 'must-have' even if it's still considered expensive for many. Because the true potential of bitcoin has been seen and it's an asset that has been the best performing for the past years
It is quite important because
it bridges the unbank to online transactions.
it enables borderless transfers without relying on a third-party company
it can give privacy to one's wealth
it give pseudo-anonymity to both parties when transferring funds (as long as it does not go through to any centralized exchanges)
it gives job opportunities since many companies are taking advantage of Bitcoin's popularity and adoption.
the technology behind Bitcoin is one of the futures of the financial system.
As an alternative currency, it had done so much to the society like the one I listed above.
it bridges the unbank to online transactions.
it enables borderless transfers without relying on a third-party company
it can give privacy to one's wealth
it give pseudo-anonymity to both parties when transferring funds (as long as it does not go through to any centralized exchanges)
it gives job opportunities since many companies are taking advantage of Bitcoin's popularity and adoption.
the technology behind Bitcoin is one of the futures of the financial system.
To society, it is still nothing much but as an alternative currency.
As an alternative currency, it had done so much to the society like the one I listed above.
To society, it is still nothing much but as an alternative currency. But to investors, it is one of the most profitable asset. We have different perspectives and it is just normal for 'usual' individual to view this technology as something which is either risky or just profitable. Not all people would be interested enough to learn its nature and its advantages as a currency. In fact, Butcoin and other cryptos or this industry in general are still not acknowledge to most of the countries for a reason. One day, once it is recognized by more people, that would be the time wherein it would matter more than what it is, at the moment.
Used , indeed but not widely on those countries. Perhaps in Philippines, there are small businesses which accepts this currency as a mode of payment but not all proprietorship would do the same because they are scared of the risks involved by doing so, and we cannot blame them for that. Maybe it is still too early for this industry. It will still undergo development as years would go by.
Now many countries have used bitcoin as legal tender, which means that bitcoin has been recognized by the state and widely used by people, and it has become a way of daily payment.
Used , indeed but not widely on those countries. Perhaps in Philippines, there are small businesses which accepts this currency as a mode of payment but not all proprietorship would do the same because they are scared of the risks involved by doing so, and we cannot blame them for that. Maybe it is still too early for this industry. It will still undergo development as years would go by.
It improves the consensus for people, consensus is very important, the blockchain is subversive, it is decentralized, and the emergence of Bitcoin allows people to reach a consensus on the currency.
Now many countries have used bitcoin as legal tender, which means that bitcoin has been recognized by the state and widely used by people, and it has become a way of daily payment.
Bitcoin will not cause inflation like paper money. The growth rate of Bitcoin in the past ten years is enough for us to see its potential, and the market for Bitcoin will be even greater in the future.
It seems to me that society is not yet quite ready to accept bitcoin. So far, not so many people from all over the world use it. Yes, of course, the user base is expanding and there are places where you can pay with BTC-th, but we still continue to live in the world of traditional financial instruments. Bitcoin is just trying to claim his rights. If bitcoin dominates in the world of the future, then this will undoubtedly be a huge step for human society, which will allow it to rise a step higher in development, because technology has always pushed for this. Perhaps bitcoin will change people's lives for the better. At least in terms of ecology. Eliminating paper money from the general circulation, for the production of which a lot of wood is spent all over the world, and switching to btc, our descendants will only be grateful.
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.
For the economy of the current state of the world, Bitcoin is a very important influence, another way of preserving people's wealth and making transactions easier.
BTC is already a part of the society even though it hasn't been considered a legal tender in many countries but it has gotten even wider personal adoption compared to previous years. In the future Bitcoin will become a universal currency. It will help reduce inflation rate and stabilise most economies has printing of paper money will have to halt and conversion of currencies reduced therefore helping none industrial nations
For me, Bitcoin is primarily a convenience. The convenience of fast transactions, the free storage of your funds without unnecessary control and eyes, as well as the education of a person who is responsible for his actions, which is important for the younger generation. Being organized and responsible for your investments, analyzing the market, and having the ability to properly manage your funds are all advantages of bitcoin. And as a result, the formation of a free person, soberly assessing all the actions of the government and preventing manipulation of his life
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 not important for the society, it is important to individuals.
It is important to protect your Freedom , your property. To move your money where you want.
To flee from war and have money to protect your family. It is important to protect your savings against an abusive government who is destroying the economy of your country.
It is important for your privacy and to easily pass your savings to your heirs.
Bitcoin is not going to make the society better. It is going to make individuals life better.
Bitcoin is not a welfare state policy.
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.
What society? Which one?Bitcoin will be very important for the society that really accepts BItcoin in their life. I mean accepting here is accepting Bitcoin as an investment, currency, technology, and also product development. We have seen so many people take or earn money through Bitcoin from time to time. That is why Bitcoin is very important moreover for those who know the influence of Bitcoin on altcoins.
However, if society is the one that is on the opposite, Bitcoin means something that is bad, to be avoided, and also a manner for criminal things. Theywillthinkroughly and negatively about Bitcoin. Although they already know that Bitcoin has many advantages, they will always see from the disadvantages sides.
Environment? BTC is already infamous for it's energy consumption.
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