Topic: How would the world be if Bitcoin wasn't created - page 4. (Read 1538 times)
Bitcoin has definitely given us some autonomy over our funds. What I can think of is that we would have to rely on banks and the high transaction fee they charge. Security would have remained a big concern.
If Bitcoin didn't exist then life is just normal. All major financial-related problems will be dealt with accordingly.
Those 7 mentioned pointers too by the OP won't be part of the discussion as they won't exist. Since technology is evolving, we will still reach use the digital form of payment even without blockchain-related stuff.
But good thing bitcoin is created. No need to mention in detail why it's a good thing.
Those 7 mentioned pointers too by the OP won't be part of the discussion as they won't exist. Since technology is evolving, we will still reach use the digital form of payment even without blockchain-related stuff.
But good thing bitcoin is created. No need to mention in detail why it's a good thing.
If Bitcoin wasn't created.
I think only to use Gold Bars as my decentralized asset.
Because the fact Government has issue money where can created from thin air and that is unlimited supply
That is actually doesn't have value at all. The number on the paper itself have value because only trust.
If everyone doesn't trust money, what happen? Many riot everywhere.
I think only to use Gold Bars as my decentralized asset.
Because the fact Government has issue money where can created from thin air and that is unlimited supply
That is actually doesn't have value at all. The number on the paper itself have value because only trust.
If everyone doesn't trust money, what happen? Many riot everywhere.
yes, it might have been like that if bitcoin no created invented, what people were like in the 1990s. i.e. they invest in gold bullion. or also
invest in land, but in fact until now there are still many people who invest in gold bullion and land. it's just that if bitcoins weren't made the difference is that no one would invest in bitcoins, because the bitcoins don't exist either.
If bitcoin wasn't innovated we might be much into the traditional currency usage. Even now we're much used to it than the cryptocurrency. The existence of cryptocurrencies have helped people to overcome different issues that are being experienced by the people using banking system.
Different concepts would've emerged, but we don't know how far it could've succeeded in real time.
Different concepts would've emerged, but we don't know how far it could've succeeded in real time.
if bitcoin was not created by satoshi then everyone would hold fiat money and gold as their assets, now bitcoin has been born and now many people have believed bitcoin is the most valuable asset, maybe in the future another one will be born again and valuable and useful then bitcoin will lose and so on.
Without bitcoin, the world will continue to run, the world economy will continue to spin, and human life will remain as usual, but if bitcoin is not created, there will certainly never be new challenges in the assets that we hold and control ourselves, basically there is no one. no one knows what was in the mind of Satoshi Nakamoto at that time, the originator of bitcoin whose name is known throughout the country, but until now no one has been able to reveal the true identity of Satoshi.
I agree, if bitcoin doesn't exist at all I will be still keeping my money in the banks even though the interest doesn't change and it is very small compared to the interest you will get when you save your money in Binance. If bitcoin doesn't exist and created I will not be able to be in this life I am living right now, thanks to crypto I can earn much more than my full time job, I am able to survive in pandemic and inflation as well.
According to my opinion, Though we are still in early stages, but a time a time will come in near years where bitcoin will not only be used for investment , but rather an alternate payment method, and we could see more bitcoin payment apps and companies will evolve .. that is the time when we can see the real potential of decentralization where anyone can accept bitcoins without being dependent on fiat ...
We are just seeing this time where people can buy land or property with bitcoin.. but this will take some more time to reach a global world, but keeping the fingers crossed , bitcoin is the future currency ...
Maybe if bitcoin is not found we will not be able to invest independently without the need for a second or third party even though it has a fairly high risk.
In my opinion, if bitcoin is not found, the one who will benefit is the government of a country and the banks in that country, especially if there is a pandemic problem like now that is engulfing all countries in the world.
And I think many people are grateful for the existence of bitcoin, because with bitcoin and cryptocurrencies, it can simplify investing independently without involving many parties.
In my opinion, if bitcoin is not found, the one who will benefit is the government of a country and the banks in that country, especially if there is a pandemic problem like now that is engulfing all countries in the world.
And I think many people are grateful for the existence of bitcoin, because with bitcoin and cryptocurrencies, it can simplify investing independently without involving many parties.
Without bitcoin, the world will continue to run, the world economy will continue to spin, and human life will remain as usual, but if bitcoin is not created, there will certainly never be new challenges in the assets that we hold and control ourselves, basically there is no one. no one knows what was in the mind of Satoshi Nakamoto at that time, the originator of bitcoin whose name is known throughout the country, but until now no one has been able to reveal the true identity of Satoshi.
I agree, if bitcoin doesn't exist at all I will be still keeping my money in the banks even though the interest doesn't change and it is very small compared to the interest you will get when you save your money in Binance. If bitcoin doesn't exist and created I will not be able to be in this life I am living right now, thanks to crypto I can earn much more than my full time job, I am able to survive in pandemic and inflation as well.There will still be forex, stocks and other markets where you can do trade and invest. The only main advantage of btc is it is decentralized and there are people who are always looking forward about it where they won't depend on fiat money anymore.
If Bitcoin wasn't created.
I think only to use Gold Bars as my decentralized asset.
Because the fact Government has issue money where can created from thin air and that is unlimited supply
That is actually doesn't have value at all. The number on the paper itself have value because only trust.
If everyone doesn't trust money, what happen? Many riot everywhere.
I think only to use Gold Bars as my decentralized asset.
Because the fact Government has issue money where can created from thin air and that is unlimited supply
That is actually doesn't have value at all. The number on the paper itself have value because only trust.
If everyone doesn't trust money, what happen? Many riot everywhere.
Around 4.5% of users were found around the world. This count is among the entire population. Remaining percentage of people are still under a situation there is no bitcoin. In that stance even if bitcoin wasn't created our lives would've been moving over something. When we talk of privacy and other forms of banking, we'll be still stalked by the third parties same as the majority percentage experiencing at the moment.
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But have you ever thought how could be the world without bitcoin
Yes, Bitcoin introduces something new and changes the way we feel or see money but Bitcoin is not the solution to everything I believe the world problem is one.If there's no Bitcoin someone would have come up with an innovative idea. Mind you, BTC is not the first digital currency.
1) No worldwide community would have existed for a single cause of Decentralization ,not only for Bitcoin but even to raise a voice for something like this ...
It is the consensus and decentralization of Bitcoin that make it happen and each country's political differences and beliefs will never make it happen.2) Govts and Banks would have taken full advantages during pandemic
The government and the 1% always take advantage of people every year. Do you how much the corporations are spending on stock buybacks? 3) People would have no better choice to invest apart from land, stocks or bonds
Gold and Silver are another better investment choice 
If Bitcoin did not exist we would be living in a bubble all the time, just as we are right now, the war drums are what have caused the whole event to be delayed, however we have noticed that many people have protected themselves by buying a lot oo, shares in the stock market, all this has always been like an evil that is impossible to stop, governments look for all kinds of excuses and events to delay it, the covid, new diseases, this has caused some movements to be invalidated, but everything is close For me, there is talk about many levels of inflation in the US and Europe, the gas and oil crisis where third world countries begin to emerge.
Without bitcoin, the world will continue to run, the world economy will continue to spin, and human life will remain as usual, but if bitcoin is not created, there will certainly never be new challenges in the assets that we hold and control ourselves, basically there is no one. no one knows what was in the mind of Satoshi Nakamoto at that time, the originator of bitcoin whose name is known throughout the country, but until now no one has been able to reveal the true identity of Satoshi.
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I think CBDC would still exist. Before Bitcoin is created there is already a cryptocurrency known as ecash which is developed by the company Digicash[1] in 1990, followed by E-gold in 1996, Bit Gold concept, B-Money in 1998, Hashcash which is developed in mid-1990. [1] The concept of electronic cash is proposed by American Cryptographer David Chaum in 1983 which has a similarity to modern day cryptocurrency.[1] In short, the concept is already established decades before Bitcoin is created. ~But I still think CBDC will not be created because there is no trigger. For governments, Cryptocurrency is the "killer" of fiat; that's the trigger. They want people to believe the digital money they create is safer than Cryptocurrencies. No Bitcoin = no trigger.
If bitcoin was not created many would have fall into ponzi schemes all in the name of investment.
Many, but by no means everyone. Even after bitcoin existed, ponzi schemes in the name of bitcoin were also created. Many people fall into and become victims of the ponzi scheme, so the ponzi scheme does not disappear even with or without bitcoin.Bitcoin have been one of the best investment. Bitcoin have contributed to people to make good investment. If their was no bitcoin existing most people would have been depending in the bank to save their money. People would have been depending on source of income, without bitcoin their won't be a way for one to help his/her self to grow financially.
There are many ways to invest and save money, not just banks. I think gold, stocks, property and other investment options also make sense not to be ignored without bitcoin. But with bitcoin, the choice of investment assets has become more advanced where people may have full rights to the money as they see fit. 
The idea of decentralization is a very strong one, but its origins are in nature (mycelium, for example) and in 20th century philosophy (the concept of rhizome). The idea that money can be somehow decentralized was also conceptualized theoretically in the previous century, and something resembling a cryptocurrency was created well before Bitcoin in 1995 by David Chaum.
As pretty much always with big revolutionary ideas, they aren't as revolutionary if you research them. If Bitcoin weren't created, I am pretty confident that someone else would have come up with something similar, since the background for it was already there.
Bitcoin might be the next big thing after the Internet (and smartphones, don't forget how fast and widespread those became), but I wouldn't say that it's already clear that it is. As least for me, it's very unclear whether Bitcoin will even be used even by one billion of people, let alone several billion. And 'big thing', at least for me, presupposes that level of adoption.
As pretty much always with big revolutionary ideas, they aren't as revolutionary if you research them. If Bitcoin weren't created, I am pretty confident that someone else would have come up with something similar, since the background for it was already there.
Bitcoin might be the next big thing after the Internet (and smartphones, don't forget how fast and widespread those became), but I wouldn't say that it's already clear that it is. As least for me, it's very unclear whether Bitcoin will even be used even by one billion of people, let alone several billion. And 'big thing', at least for me, presupposes that level of adoption.
I beg to differ in the opinion here, many people have said that the world wouldn't have been as great as it is if not for Bitcoin. I am not against Bitcoin but I think bitcoin has not done so much in the world that the world would no longer cope without it. There are some millionaires and billionaires who are doing well and who doesn't care about bitcoin and there are poor people who haven't heard about bitcoin and they are still living. There are average people that knows nothing about Bitcoin but the world is still good and sweet for them.
We are only seeing this advantages of Bitcoin because we have known about bitcoin.
We are only seeing this advantages of Bitcoin because we have known about bitcoin.
Honestly, it's difficult to think of the world without bitcoin and cryptocurrencies in general because we living in its era. But after seeing how the centralized system has been used to try and punish Russia after the Ukrainian invasion, decentralized financial systems were always going to be their way to us, maybe not just bitcoin but something similar to a digital currency with the same financial freedom concept tied to it.
Many still not aware that bitcoin exist, some will just limit themselves in the things they used to use and don’t study new technologies. If bitcoin didn’t exist people who are into investing willtend to choose between stocks or forex. Buying more land or gold. And mobile banking will only be the way to transfer money, and we will have no choice but to pay higher fees if we will transfer money in different countries. Luckily, we know bitcoin which helps us in many ways. 
I am really impressed by your points as you know these questions are the facts, Let's do a social experiment as it can be done between two entities one who knows the BTC and one Who don't. Let's see which types of answers we are going to get. I am more curious to do it in my class but how I can show the answers to the Community haha..
If bitcoin was not created many would have fall into ponzi schemes all in the name of investment. Bitcoin have been one of the best investment.
Now Bitcoin had been created, why is it that there are lots of people still fall into Ponzi Schemes? Even fraudster exploits Bitcoin's popularity to trick newcomers to fall into their Ponzi scheme company. I know Bitcoin brings lots of changes into the financial system but Bitcoin does not prevent people from falling into Ponzi schemes.
Bitcoin have contributed to people to make good investment. If their was no bitcoin existing most people would have been depending in the bank to save their money .
People would have been depending on source of income, without bitcoin their won't be a way for one to help his/her self to grow financially.
People would have been depending on source of income, without bitcoin their won't be a way for one to help his/her self to grow financially.
You are praising Bitcoin too much as if it is the only way to make money. Bitcoin isn't created for that as the whitepaper stated in case many of us had forgotten the main function of Bitcoin...
I think if Bitcoin didn't exist, all countries would have no plans to make digital money for their legal currency. CBDC will never be created, because they never thought to create a technology like Blockchain.
I think CBDC would still exist. Before Bitcoin is created there is already a cryptocurrency known as ecash which is developed by the company Digicash[1] in 1990, followed by E-gold in 1996, Bit Gold concept, B-Money in 1998, Hashcash which is developed in mid-1990. [1] The concept of electronic cash is proposed by American Cryptographer David Chaum in 1983 which has a similarity to modern day cryptocurrency.[1] In short, the concept is already established decades before Bitcoin is created.
[1] https://www.investopedia.com/tech/were-there-cryptocurrencies-bitcoin/
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