How would the world be if Bitcoin wasn't created - page 2.

Bazzu

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Quote from: LittleBitFunny on December 17, 2022, 08:07:24 PM

Quote from: Wakate on December 17, 2022, 01:35:33 PM

The entire world would have looks more worse than what we are seeing and the government would have caused too much problem to the suffering of the masses. Mist of us that are into cryptocurrency can attest to this because when we started, we were not as rich or comfortable as we are now but since the introduction of Bitcoin into the market, we have finally or partial escaped penury which would have worse the whole matter.

The government are there working as if they care about our existence but thanks to Satoshi Nakamoto that introduced Bitcoin to the world so that we can make a decentralized transactions without intervention of the government.

Bitcoin is not as big as you say, without bitcoin, the world is still the same, neither bad nor better, bitcoin is still not big enough or important enough to impact society. Our world has 8 billion people, and the number of people who know about bitcoin and use it only stops at a few hundred million people. That means more than 7 billion people are still living a normal life without bitcoin, bitcoin is helping many people to have a better life but not all.
But I hope in the future, bitcoin will be more known and widely used because bitcoin is really good for us from investment to convenient payment method that bitcoin brings.

I agree with what you said, because bitcoin does not help all of humanity, but at least minimizes the economic the bad one situation for those who are interested in investing in bitcoin. and with bitcoin a lot of people are helped economically, like I see people with disabilities, like people who have abnormal physical conditions as usual, which are caused by birth or as a result of accidents. and with bitcoin their economy can be helped. as long as they are interested in investing in bitcoin because with bitcoin everything is easy.

LittleBitFunny

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Quote from: Wakate on December 17, 2022, 01:35:33 PM

The entire world would have looks more worse than what we are seeing and the government would have caused too much problem to the suffering of the masses. Mist of us that are into cryptocurrency can attest to this because when we started, we were not as rich or comfortable as we are now but since the introduction of Bitcoin into the market, we have finally or partial escaped penury which would have worse the whole matter.

The government are there working as if they care about our existence but thanks to Satoshi Nakamoto that introduced Bitcoin to the world so that we can make a decentralized transactions without intervention of the government.

Bitcoin is not as big as you say, without bitcoin, the world is still the same, neither bad nor better, bitcoin is still not big enough or important enough to impact society. Our world has 8 billion people, and the number of people who know about bitcoin and use it only stops at a few hundred million people. That means more than 7 billion people are still living a normal life without bitcoin, bitcoin is helping many people to have a better life but not all.
But I hope in the future, bitcoin will be more known and widely used because bitcoin is really good for us from investment to convenient payment method that bitcoin brings.

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Quote from: n0ne on December 17, 2022, 05:49:11 PM

If the world hasn't seen the existence of bitcoin, there won't be much of difference. The world would've been the same as the past. Most of the users who have shifted towards cryptocurrency could've been making use of the traditional banking and were never making any complaint. The existence of blockchain and bitcoin serving as the alternate have made people realise how bad is the financial system. The transition have begun and to experience the impact around the world it takes more time and it is too early to be judgemental.

There would be no indeed difference which we do still ends up on getting too dependent with fiat and dealing up with those centralization in every angle as possible which there's nothing we can do about.
Now, that bitcoin had been created or overall crypto which is in correlating with decentralized stuffs then we do at least make ourselves somehow does have the option on dealing up with something
that cant be monitored.Yes, it does have its pro's but it does also have its cons.There were just people who are really just too optimistic on something ending up on expecting
for Bitcoin to take over which is really that an impossible thing to happen.

n0ne

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If the world hasn't seen the existence of bitcoin, there won't be much of difference. The world would've been the same as the past. Most of the users who have shifted towards cryptocurrency could've been making use of the traditional banking and were never making any complaint. The existence of blockchain and bitcoin serving as the alternate have made people realise how bad is the financial system. The transition have begun and to experience the impact around the world it takes more time and it is too early to be judgemental.

ginsan

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What makes bitcoin unique is that its creator is unknown isn't that what is happening right now. satoshi is the shadow of a name that is an idol for business people in crypto but we won't know where he is whether he is alive or dead, of course we won't know. besides that bitcoin is a unique currency where we don't need banks anymore and various kinds of transaction media tools that target taxes when we transact and the presence of bitcoin has changed everything. I agree with the Op that if there were no bitcoins I don't think we would be in this forum nor would there be anything special about this internet.

Now, if you race on point number 4, maybe that's not an interesting point because we know there are many businesses out there that can provide greater profits, but the existence of bitcoin will make it easier for us when making transactions, that's a big advantage .

Wakate

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The entire world would have looks more worse than what we are seeing and the government would have caused too much problem to the suffering of the masses. Mist of us that are into cryptocurrency can attest to this because when we started, we were not as rich or comfortable as we are now but since the introduction of Bitcoin into the market, we have finally or partial escaped penury which would have worse the whole matter.

The government are there working as if they care about our existence but thanks to Satoshi Nakamoto that introduced Bitcoin to the world so that we can make a decentralized transactions without intervention of the government.

febriyana

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If Bitcoin wasn't created.
I think no any different.

Bitcoin is created to give us opportunity to have decentralized finance. Where if Bitcoin not created, Banker always become number one.
Where Bank only giving us very small percentage for Certificate Deposit and high fees for transfer from country to country. Because no any competitor..
Also stock market will be leading market for speculation.

But now people has option to choose stock market or crypto market.
Many people come to crypto market because the believe on innovation about technology.
There is different with stock market where people believe on company.

Vlad1977

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Many people are thinking of other ways to make money. There are many people who have become rich because of Bitcoin, but there are also many people who have lost their money because of Bitcoin.
The world will not change much. Other innovative technologies would have been discovered without Bitcoin.
Bitcoin does bring a lot of convenience to people.

2stout

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In the grand scheme of things, the world as a whole would not be much different if Bitcoin wasn't created, at least not yet. However, the impact on a great diaspora of individuals globally has been nothing short of phenomenal.

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Quote from: SirLancelot on November 26, 2022, 04:08:03 PM

Not thousands but millions or even billions. Can't you see the market cap of btc? It won't grow like that if there are only thousands of people involved. If let say btc isn't invented, I think the number of crimes are going to rise because people doesn't have a source of income.

Surely.
The fact that Bitcoin really helps so many people in the world can't be denied. Although many people said that Bitcoin is something dangerous, they don't consider how Bitcoin has helped so many people in their living. Many people turn their worst life situation into a much better life after meeting with Bitcoin, after working in the crypto business, and after Bitcoin investment. Many people's lives are changing. I don't know why they even cannot see this fact or if they only deny the fact.

We know that Bitcoin also has weaknesses and disadvantages, but actually as long as we can manage it, we can minimize the risks. We are here to learn and also make the best strategy for us to be able to earn more money from Bitcoin. Without Bitcoin the lfie robably willbe the same as usual in the past, there will not be any massive development in the blcokchain technology and earnings.

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Quote from: SirLancelot on November 26, 2022, 04:08:03 PM

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Bitcoin have helped thousands of people in the world today, I think if bitcoin wasn't created many things would have been happening today which even the government can't control.
Many of us are benefiting from bitcoin today, bitcoin have saved many life's today, so I think if bitcoin wasn't created they'll be much crisis happening today.

Not thousands but millions or even billions. Can't you see the market cap of btc? It won't grow like that if there are only thousands of people involved. If let say btc isn't invented, I think the number of crimes are going to rise because people doesn't have a source of income.

I think Bitcoin indirectly help people by making interested investors create start-ups that open job opportunity to people. I agree that source of income become harder or lacking, the crime rate will increase. But Bitcoin isn't created to give jobs to the jobless, it is created to make transferring funds without trusting financial institutions possible. So I don't think having Bitcoin not created has an effect on the crime rate.

Quote from: SirLancelot on November 26, 2022, 04:08:03 PM

We can't just say that these people must find a job because jobs are also limited but during the time btc came, many jobs are also have opened up related to it. People can also be their own boss by investing or trading bitcoin. A crime or poverty can possibly be controlled by a government but I think too much of it will be hard already, especially if they are not good enough. I am sure that governments are also thankful for btc for saving them, even if some of them has a hate with it.

Without Bitcoin I believe there will be another option that can create job opportunities. Besides, there maybe people who got rich trading Bitcoin but there are a lot more people got bankrupt because of jumping into Bitcoin trading without learning anything about the market. IF someone had gained, someone has to lose. That is the reality of investment and trading.

SirLancelot

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Bitcoin have helped thousands of people in the world today, I think if bitcoin wasn't created many things would have been happening today which even the government can't control.
Many of us are benefiting from bitcoin today, bitcoin have saved many life's today, so I think if bitcoin wasn't created they'll be much crisis happening today.

Not thousands but millions or even billions. Can't you see the market cap of btc? It won't grow like that if there are only thousands of people involved. If let say btc isn't invented, I think the number of crimes are going to rise because people doesn't have a source of income.

We can't just say that these people must find a job because jobs are also limited but during the time btc came, many jobs are also have opened up related to it. People can also be their own boss by investing or trading bitcoin. A crime or poverty can possibly be controlled by a government but I think too much of it will be hard already, especially if they are not good enough. I am sure that governments are also thankful for btc for saving them, even if some of them has a hate with it.

Bazzu

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Quote from: Odusko on November 21, 2022, 04:18:34 PM

Bitcoin has made us achieve quite a handful of things that ordinarily we would not have achieved, take for example the financial freedom we achieve through Bitcoin would have not been possible without Bitcoin's existence, the bank could have the sole control over all our financial dealings and you know what that means.
Practically, Bitcoin has made the world a better place, and Bitcoin serves as the global financial agent without any third-party involvement

yes, it is so friend. and also with bitcoin making business easy for example such as short-term investment in bitcoin, or it can also be called day trading. and it has been proven that many people make short-term investments and many are successful. so by creating bitcoin it proved to have a good impact
for human life, especially in the economic field.

Odusko

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Bitcoin has made us achieve quite a handful of things that ordinarily we would not have achieved, take for example the financial freedom we achieve through Bitcoin would have not been possible without Bitcoin's existence, the bank could have the sole control over all our financial dealings and you know what that means.
Practically, Bitcoin has made the world a better place, and Bitcoin serves as the global financial agent without any third-party involvement

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Quote from: Maximo Spohn on November 18, 2022, 12:52:30 AM

Bitcoin has only become popular in recent years. In the early years, Bitcoin was only used by a small number of miners and investors.
However, after Bitcoin is widely used by everyone, it really brings us convenience. Bitcoin has changed my life, I am glad I knew about Bitcoin earlier and bought it.

I notice what is Bitcoin when it is created and introduce but I was not taking bitcoin serious according to to the preaching then have seen online concerning bitcoin it was late 20018 and 2019 I understand what is cryptocurrency so I believe buy Bitcoin I have it technology and the technology of Bitcoin is what is making his supporters to be much

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Quote from: bitmit.exchange on October 19, 2022, 07:12:17 AM

Quote from: Accardo on October 19, 2022, 01:35:14 AM

Without Bitcoin and cryptocurrency they will be no Bitcointalk forum that's one thing that would have happened to the world.

They is no much difference between people that don't know about Bitcoin and those who know Bitcoin. Nothing special would have happened to the world. Technology evolves with time. What would have happened to the world if they was no electricity? They will be no computers resulting to no internet and Bitcoin, but people existed without electricity in the past. Hence, we appreciate technology because it makes things easier and one tech leads to another. Cryptography birthed cryptocurrency and exchanges which created more employments; the key to livelihood.

I agree with this opinion. Think of a world without cash. If cash wasn't invented in the past, it would have been commodities still used to trade. If there have been no computers, there were definitely no internet, no blockchain, no digital money and no Bitcoin. As simple as possible. There is always at least one alternative and world will never stop moving...

All are the past because all this things were not available you will definitely have another option and you wouldn't have known that those things is in the existence, I'm trying to let you know that the more the year the more we are going into investment as well, so i believe that Bitcoin is a support to a technology of cash precisely, or in other hands is the technology that works directly with fiat currency, so cryptocurrency technology can not be separated with fiat, both is similar in relative

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Quote from: GideonGono on November 21, 2022, 10:25:36 AM

If Bitcoin didn't exist I think that there would still be cryptocurrency someone would succeed on creating it,
Bitcoin was the first successful cryptocurrency but it wasn't the first so there would still be others who would try if Satoshi didn't create Bitcoin it might just be a different name and creator but I guess it could still be close to it's function.
But if cryptocurrency didn't exist I think some of us might be really bored and doesn't even have investment, I mean I know some people who only started investing because of cryptocurrency.

Bitcoin is not the first digital currency but it is the first decentralized cryptocurrency. Without Satohish Nakamoto, a centralized cryptocurrency would've been successful in the next attempts and its growth would only lead to the creation of CBDCs.

Stocks, bonds, and tangible assets are very popular investments but you are right, I knew a lot of people that only started investing when they heard about Bitcoin. These people are driven by the belief that Bitcoin can change their life which may be right, although I prefer people to understand well what they are into.

Without Bitcoin, I am still into different types of investments. And just like you said, it would've been boring. I just feel more confident in Bitcoin rather than in my local country's stock market.

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If Bitcoin was not created, I guess the high rate of unemployment would have increase higher in the whole world because many countries that made Bitcoin legal for their citizens to used in the countries has reduced unemployment in their countries and increased their employment that is making them to appreciate the founder of Bitcoin all the time. If Bitcoin was not created, what happened in 2020 that made many countries to experienced pandemic that collapsed many countries economy, that helped bitcoiners to recover faster during the pandemic than those who don't have knowledge about Bitcoin in the country because Bitcoin was created in the land.

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If Bitcoin didn't exist I think that there would still be cryptocurrency someone would succeed on creating it,
Bitcoin was the first successful cryptocurrency but it wasn't the first so there would still be others who would try if Satoshi didn't create Bitcoin it might just be a different name and creator but I guess it could still be close to it's function.
But if cryptocurrency didn't exist I think some of us might be really bored and doesn't even have investment, I mean I know some people who only started investing because of cryptocurrency.

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Quote from: posi on November 17, 2022, 09:54:16 AM

Quote from: pawanjain on November 16, 2022, 10:02:20 AM

Quote from: posi on November 14, 2022, 06:52:20 AM

Quote from: TheUltraElite on November 14, 2022, 06:17:43 AM

Quote from: pawanjain on October 31, 2022, 12:07:54 PM

OP missed the most important point and that is the amount of jobs that bitcoin has provided over the years.
All of us would have missed these opportunities to make an income.
Bitcoin has enabled us to become financially independent and without it many of us would have been in the rat race.

I would say that signature campaigns on this forum have been going on in a steady rate paying in Bitcoin. But freelancing on Bitcoin would be the next "job" on Bitcoin while getting monthly salary on Bitcoin is rare.

This from your point of view might be a type of bias but still there needs to be more jobs of Bitcoin, the number is still low.

Financially you cannot be independent so easily. Your job is there because someone is employing you and you are dependent on them. How you manage your money is the important thing.

In fact, I haven't seen any other work being paid in bitcoin other than the signature campaign. So I don't think bitcoin provide a huge number of jobs for society and once you have paid work it cannot be called financial freedom, participating in the signature campaign, we also depend on the project owners as well as the managers.
But if investing in bitcoin to achieve financial independence, I believe it and I have seen many people change their lives by investing in bitcoin, so to speak, they are financially free.

The number might not be huge but it surely is considerable. When I say bitcoin has provided jobs I don't specifically mean signature campaigns.
There are many other things such as freelancing jobs and accept payment in bitcoin, development jobs in other projects that pay in bitcoin as well as native tokens, providing services and accepting bitcoin, being paid in bitcoin by the bitcoin core dev group etc...
Basically, all those things which bitcoin has helped us in earning money contributes to one step closer to our financial freedom.

If you say that the crypto industry is helping a lot of people with well-paying jobs or directing them to financial freedom then I really agree with you. I have seen a lot of people have success when they get into crypto, not only as an investment but the industry also provides a significant amount of employment to society. But that's not quite true when it comes to bitcoin alone, to be honest, I haven't seen too many jobs that pay in bitcoin. Currently bitcoin is seen only as a good investment, a store of wealth.

Other than profit from crypto industry, there's nothing more that it affects the world. Bitcoin is still not being used as a mode of payment because it is more preferred to be used as an asset to generate profit. Well some did use this technology with transactions but I doubt they use it on a regular basis. Let's be real.
This technology is amazing indeed but many people are still living without it because these are just alternative currencies at the present. An individual may not or may have an amount of it but it is not a requirement. People may be involved with this industry and may not. We have freedom of choice. There's no need to gaslight its importance that much.

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