Pages:
Author

Topic: How would the world be if Bitcoin wasn't created - page 6. (Read 1538 times)

hero member
Activity: 2828
Merit: 518
Facts and this is the same stance I believe too. We definitely wouldn't have known what that world would be like cos we didn't experience it so, we would have still been stuck in our old financial was of investment and just trying to make do with what we had but thank God for Satoshi Nakamoto for this GREAT innovation which is changing most peoples life, me included.

Yes, it is really hard to imagine what will happen to us without the existence of Bitcoin but I think, what is happening now is the result of the continuous development of technologies. The existence of Bitcoin, changes a lot, especially in the digital world. But not to deny that despite the positive impact of Bitcoin on our life, some are also claiming this is a threat to other areas like banks and security. I understand the situation that people may not use the banks anymore and also have no control from the government but I'd see the benefits we get from this are more than enough for such bad claims and negative thoughts.
hero member
Activity: 1344
Merit: 565
what do you think would have been situation if Bitcoin was not created
In human civilization before knowing the means of payment, barter or exchange of goods into a means of payment of a transaction. Because the barter system often had problems, humans began to create commodity money. The history of money entered a new chapter after King Lydia Alyattes of Turkey minted the first official coins.

According to my understanding of your question that I quoted above, if King Lydia Alyattes had not minted the first coins at that time, "Maybe" until now we are still using the barter system. IMO

The cycle of updating the currency system continues to occur as technology develops, now we are in the Bitcoin era. Along the way, the development of Bitcoin has not always been smooth. In addition to price fluctuations, fraud and theft have also colored Bitcoin's long history. As happened in January 2014, (Mt.Gox) the largest Bitcoin exchange platform in the world at that time was suddenly hacked and declared bankrupt.

The world is still turning, humans can still continue to live even though Bitcoin does not exist. I am so grateful to be able to live in an age where Bitcoin is booming, my respect is to Satoshi Nakamoto who created Bitcoin.

Facts and this is the same stance I believe too. We definitely wouldn't have known what that world would be like cos we didn't experience it so, we would have still been stuck in our old financial was of investment and just trying to make do with what we had but thank God for Satoshi Nakamoto for this GREAT innovation which is changing most peoples life, me included.
jr. member
Activity: 41
Merit: 1
Bitcoin has time and again proved that it is the next big thing after Internet, the decentralization is what people required and it has given every common man the power to believe in it ...

But have you ever thought how could be the world without bitcoin ..

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 ...

2) Govts and Banks would have taken full advantages during pandemic

3) People would have no better choice to invest apart from land, stocks or bonds 

4) The excitement to grow money 10-20 folds would have not existed ...

5)  Top Business House and Influencers, such as Michael Saylor or Elon Musk would have been obsolete with just a few tweets...

6) The search for a person (Nakamoto) , was never been so much anticipated by the whole world, probably like the "Wealth of Rothschild"..

7) Countries would have no other option to trade in apart from usd or gold like before... Now they can in Bitcoin

Share your thought on this .. what do you think would have been situation if Bitcoin was not created




Without Bitcoin, the world would be a very different place. One of the most significant aspects of Bitcoin is that it allows for anonymous online gambling. This has led to a huge increase in online gambling, as well as other illegal activities. In addition, without Bitcoin, the world would not have seen such a dramatic rise in the value of cryptocurrencies.
hero member
Activity: 2870
Merit: 594
Less millionaires obviousy, because there are a lot of individuals who become rich because they have invested early or a lot of money in bitcoin and then in bull run they sell to take their profits.

As for me, I don't know, it's a life saviour to me, I mean like years ago I lost my job but bitcoin keeps me something busy and of course make some money in the background. And as I gain experienced throughout, i was able to put food in the table because of my trading profits, just enough for me and my family to survived until I get a decent job and then I re-invest more.
hero member
Activity: 2870
Merit: 574
Vave.com - Crypto Casino
I can't imagine what I would have done if Bitcoin wasn't created because I was still working on various things before this.
Maybe I'm still doing the same thing to make money and looking for other ways to make more money.
But that all changed when I got to know bitcoin and got deeper into cryptocurrency because I discovered cryptocurrency as a way to make money.
Maybe our condition will worsen in the last 3 years when the pandemic attacks almost all countries and we will find it difficult to meet our living needs.
sr. member
Activity: 1316
Merit: 422
what do you think would have been situation if Bitcoin was not created
In human civilization before knowing the means of payment, barter or exchange of goods into a means of payment of a transaction. Because the barter system often had problems, humans began to create commodity money. The history of money entered a new chapter after King Lydia Alyattes of Turkey minted the first official coins.

According to my understanding of your question that I quoted above, if King Lydia Alyattes had not minted the first coins at that time, "Maybe" until now we are still using the barter system. IMO

The cycle of updating the currency system continues to occur as technology develops, now we are in the Bitcoin era. Along the way, the development of Bitcoin has not always been smooth. In addition to price fluctuations, fraud and theft have also colored Bitcoin's long history. As happened in January 2014, (Mt.Gox) the largest Bitcoin exchange platform in the world at that time was suddenly hacked and declared bankrupt.

The world is still turning, humans can still continue to live even though Bitcoin does not exist. I am so grateful to be able to live in an age where Bitcoin is booming, my respect is to Satoshi Nakamoto who created Bitcoin.
legendary
Activity: 2268
Merit: 1379
Fully Regulated Crypto Casino
Also, without bitcoin, I guess I’m still suffering from financial crisis this time especially when pandemic hit us. Good thing bitcoin is here as it gives us a lot of opportunities to learn and gain at the same time, and brought positive changes in our lives.
I agreed. Me too got hit by covid and disperse me with my job, and the thing that save me is the connection with bitcoin and cryptocurrency. Opportunity that really help us. It work with members that knew how to handle finances well. Thats why as old users here, we should guide newbies or literally new here how they can maximize their activity on earning at the same time learn on the process of cryptocurrency.
hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
Well, we can simply look at our situations individually. Then for sure that many would be stucked to what they've been used to be like not being financial educated.

Bitcoin has been one of the push for those that are not aware of their financial status. And if we go back to our former lives, then it would hard for most that didn't see the innovation and the contributions of bitcoin made to our lives.
Thinking on the individuals who changed their lives or are able to keep surviving due to bitcoin income, I imagine they would be in serious financial conditions if bitcoin didn't exist. They may not represent a lot in percentage when compared to the whole world's population, but the impact does exist on the individual sphere and also for every other professionals and businessmen who supply products and services to these adopters, since they raise their profit through these individuals who embraced bitcoin.
hero member
Activity: 3150
Merit: 636
DGbet.fun - Crypto Sportsbook
Well, we can simply look at our situations individually. Then for sure that many would be stucked to what they've been used to be like not being financial educated.

Bitcoin has been one of the push for those that are not aware of their financial status. And if we go back to our former lives, then it would hard for most that didn't see the innovation and the contributions of bitcoin made to our lives.
sr. member
Activity: 1386
Merit: 451
Bitcoin is now at the peak of popularity all over the world. Many people are making a living out of unemployment by doing this bitcoin work.Jobless boys like us would have been in a very bad situation if the use of Bitcoin was not established in the country Due to the creation of this Bitcoin we are freed from unemployment and able to run our families happily and peacefully.Not only this, the state of the country is changing, different countries are earning a lot of money from Bitcoin every year.But one day Bitcoin will become the best currency in the country and everyone will use it simultaneously.
sr. member
Activity: 2506
Merit: 368
In my opinion, if bitcoin is not created, the economy of a small community will be difficult to get big opportunities, because most of the big opportunities are taken by the rich, but with bitcoin the economic opportunities for small people are very open, the proof is that a lot of poor people are getting rich for investing in bitcoin. so bitcoin really helps the world economy.
That's not right to just say that "lots of poor people are getting rich for investing in bitcoin" since there's no proof either way that they are really getting rich. Maybe if you would just want to say that they are making money for investing bitcoin but getting rich? It will take some time before they will get rich since it's hard to attain even a single BTC and making a living just by investing in bitcoin won't get someone rich and it's not easy to get rich quick just by investing in BTC.
legendary
Activity: 2156
Merit: 1018
Buzz App - Spin wheel, farm rewards
world without bitcoin, would not be like today,
the world would be flat without blockchain technology, NFT and exchange hacking stories,
social media will be full of certain party online marketing,
no elon musk promote doge
all will return to the central government
sr. member
Activity: 2604
Merit: 338
Vave.com - Crypto Casino
If Bitcoin wasn't created then what you mentioned wouldn't have happened nor would altcoins have appeared thus creating a lot of news about crypto hacking.
But I'm grateful that Bitcoin exists because it has quite an impact on my life because through Bitcoin I understand about investing and how important it is even though it's not just doing it in Bitcoin.
If bitcoin does not exist, most likely we are still attached and mostly dependent on fiat right now, without having known that there are more opportunities to gain an income through engaging in crypto jobs or through bitcoin. And people would never have known about bitcoin investing and trading that made a lot of millionaires in this present times. And I would not have been this confident right now without bitcoin as my biggest source of income
We would really be sticking into fiat and been monitored and surveillance when we do speak about financial transactions or even into our savings and other correlated things.
We would really be still sticking into those traditional ways on transacting and since crypto was created then we do have at least the option on
having decentralized and anonymous transactions which it did really gain up that much attention.

If it wasnt been created then we are still heavily dependent on fiat and since we dont have any choice then we would really be just simply sticking into it.
legendary
Activity: 2954
Merit: 1153
Bitcoin has time and again proved that it is the next big thing after Internet, the decentralization is what people required and it has given every common man the power to believe in it ...

But have you ever thought how could be the world without bitcoin ..

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 ...

If Bitcoin does not exist I am sure another decentralized financial tool will take place for Bitcoin.

2) Govts and Banks would have taken full advantages during pandemic

The Government still took the full advantage during the pandemic.  Only a handful percentage had taken advantage of cryptocurrency during the pandemic, majority of the financial transaction is still in fiat currency.  

4) The excitement to grow money 10-20 folds would have not existed ...

Nope, it already existed even before Bitcoin is created.

5)  Top Business House and Influencers, such as Michael Saylor or Elon Musk would have been obsolete with just a few tweets...

Elon Musk would still be popular and has huge influence even without Bitcoin, I don't know about Michael Saylor though.

6) The search for a person (Nakamoto) , was never been so much anticipated by the whole world, probably like the "Wealth of Rothschild"..

Obviously, without Bitcoin, the name Satoshi Nakamoto would be unknown.

7) Countries would have no other option to trade in apart from usd or gold like before... Now they can in Bitcoin

Countries had been trading with their national currency, so basically without Bitcoin, there will still be other options.  They can trade with their mineral resources, manpower etc.  Bitcoin is just an additional financial tool.  Without it, country will still have lots of options to trade with.


hero member
Activity: 2856
Merit: 674
If Bitcoin wasn't created then what you mentioned wouldn't have happened nor would altcoins have appeared thus creating a lot of news about crypto hacking.
But I'm grateful that Bitcoin exists because it has quite an impact on my life because through Bitcoin I understand about investing and how important it is even though it's not just doing it in Bitcoin.
If bitcoin does not exist, most likely we are still attached and mostly dependent on fiat right now, without having known that there are more opportunities to gain an income through engaging in crypto jobs or through bitcoin. And people would never have known about bitcoin investing and trading that made a lot of millionaires in this present times. And I would not have been this confident right now without bitcoin as my biggest source of income
hero member
Activity: 3052
Merit: 606
Personally if bitcoin didnt exist Im not sure what would be my life. But since I learned and being associated with it, I confirm that its one of the best association or thing that happened to me. I am indeed a professional but doing my thing isnt enough and I have an urge to learn new things and luckily I found about cryptocurrency. Really big help not only on financial but also healthy to adopt new tech in our life.
Probably, if bitcoin was not created, most likely we won’t see many successful investors and traders in the crypto community, and maybe there won’t be crypto community itself. Also, without bitcoin, I guess I’m still suffering from financial crisis this time especially when pandemic hit us. Good thing bitcoin is here as it gives us a lot of opportunities to learn and gain at the same time, and brought positive changes in our lives.
legendary
Activity: 1064
Merit: 1228
Playgram - The Telegram Casino
Share your thought on this .. what do you think would have been situation if Bitcoin was not created
Don't think about it, bitcoin was made for something and it wasn't created because someone hasn't come up with the idea. Without bitcoin the world will keep going and the wheels of the economy will keep turning no matter how bad governments and regimes are.

We are already in 2022 and only a few months to 2023. Without bitcoin, the world would have a centralized financial system, but actually there are lots of investment instruments worth trying even if I don't want to. My grandmother once said that in the past she could get anything without paper money where bartering was what she did. OP, I don't want to speculate and guess how the world was without bitcoin in just the last 2-5 years. So believe me, this bitcoin is something good for us to enjoy now and then mainly because of its usefulness.
legendary
Activity: 1456
Merit: 1108
Top-tier crypto casino and sportsbook
Share your thought on this .. what do you think would have been situation if Bitcoin was not created
A problem was identified and it prompted the innovation of bitcoins, it means that if that problem had not been solved there is a high probability that it would still have existed today and also a probability that maybe another solution would have arised. I don't think we can say for sure or really know how the situation would have been if bitcoins were not created because bitcoins were created. Whatever is being said is just a wild guess. It may have been better, it may have been worse.
hero member
Activity: 1008
Merit: 520
Leading Crypto Sports Betting & Casino Platform
If Bitcoin were never created I believe someting close to what we have with Bitcoin could have been developed and there have been some level of attempt to creat an alternative to bank but none was as decentralized as Bitcoin.
So in totality Bitcoin have served it full purpose and there is no need assuming if we never experienced what we are currently experiencing with Bitcoin.
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
Share your thought on this .. what do you think would have been situation if Bitcoin was not created
I probably will still be working 6 am to 7 pm in a polyethylene factory, I wouldnt be able to really feed well as well as my family if bitcoin wasn't created.
There wil not be profession/careers called -
Blockchain developers
Blockchain experts
Blockchain scientists
Etc.
If bitcoin wasn't launched , for me, I think the world would be upside down... But thank God for Satoshi Nakamoto, he gave the world one of the most powerful gift of our time , and that is Bitcoin.

Bitcoin brought many people that were known as no bodies and turned them to somebodies, if not for bitcoin, there still be lots of cab drivers on the streets, there wouldn't be this forum if there was no bitcoin.
Pages:
Jump to: