Topic: How would the world be if Bitcoin wasn't created - page 8. (Read 1538 times)
As an employee like me, I never thought that I would become rich with my monthly salary. Before I didnt know bitcoin, I worked almost hard and waited for payday I try to save every month with a savings account in the bank and my biggest goal is to buy a house after 10 years of work. But really luck came my way when I learned about bitcoin my income increased faster and can say I reached my goal in a shorter period of time. Besides, thanks to bitcoin, I understand the risks the bank will pose to me, the devaluation of fiat...actually bitcoin has made me a completely different person not only in terms of income but also perception of the world the government has been trying to deceive us for years.
I think the economic freedom that bitcoin or crypto has brought to many of us will not be there. I mean we have seen and heard people becoming rich specially those early birds, who bought bitcoin when it is still cheap and just hold on it for years.
And for the majority of us, like me who join in 2017, still bring some good profits and like i said, I have freedom to buy what I want because of the money that I profited.
And for the majority of us, like me who join in 2017, still bring some good profits and like i said, I have freedom to buy what I want because of the money that I profited.
In summary, almost nothing would have changed in the world, if Bitcoin wasn't created.
You are wrong. Example, read what cryptoaddictchie posted. Let me quote it below: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.
Many people that are worth millions and billions today won't worth it if bitcoin wasn't created. Many lives that supposed to be living just average or in poverty becomes better and having a better life.
You are right that bitcoin is not the only asset that increased 20x, but it actually grows 1000x. Does that mea nothing to you? There are many crypto businesses today, helping people and economy. Does bitcoin creation, directly and indirectly creating ways for more employment means nothing to you?
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
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
You are giving Bitcoin too much credit for things that has not been pioneered by Satoshi Nakamoto...
Take decentralization as an example ..... It has become popular to decentralize "clients" or "servers" to enable people to share content over the Internet for years.. a lot of torrent sites use decentralized "nodes" or "clients" to make it difficult for authorities to stop them.
Napster was one of the first services that was developed for people to share MPs files (music) ...but it was taken down and then more decentralized projects followed Napster's P2P file-sharing example, such as Gnutella, Freenet, FastTrack, and Soulseek.
So Satoshi Nakamoto only borrowed from previous projects that used "decentralized" nodes to protect it from being taken down.
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.
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.
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.
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.
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2) Govts and Banks would have taken full advantages during pandemic
What are you talking about? What advantages during the pandemic? The governments got into bigger debt and the central banks printed billions of fiat money. Online banking got a short term advantage, but now the pandemic is pretty much over.
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4) The excitement to grow money 10-20 folds would have not existed ...
The excitement of growing your money 10-20 times existed way before Bitcoin/crypto. People, who had developed successful companies or are really successful at playing poker have witnessed 10-20 times increase of their wealth.
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5) Top Business House and Influencers, such as Michael Saylor or Elon Musk would have been obsolete with just a few tweets...
Who cares about Saylor and Musk?
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6) The search for a person (Nakamoto) , was never been so much anticipated by the whole world, probably like the "Wealth of Rothschild"..
I'm sorry to say that, but nobody cares about Satoshi Nakamoto, except a bunch of fanatic diehard Bitcoiners, who think that Bitcoin is the best thing invented since bread.
In summary, almost nothing would have changed in the world, if Bitcoin wasn't created.
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.
Speculating about what would have happened if what happened had not happened is part of philosophical thinking. You are not going to reach any conclusion by understanding conclusion as something derived from a scientific reasoning process.
So I leave you to speculate about the counterfactual you propose. I prefer to focus on what is happening in the world today and what may happen in the future.
So I leave you to speculate about the counterfactual you propose. I prefer to focus on what is happening in the world today and what may happen in the future.
These are not speculation , These are real time observations ... Which one you think is a speculation
Speculating about what would have happened if what happened had not happened is part of philosophical thinking. You are not going to reach any conclusion by understanding conclusion as something derived from a scientific reasoning process.
So I leave you to speculate about the counterfactual you propose. I prefer to focus on what is happening in the world today and what may happen in the future.
So I leave you to speculate about the counterfactual you propose. I prefer to focus on what is happening in the world today and what may happen in the future.
Bitcoin has come to help and stop most of the overbearing and controlling attitudes of banks and governments to bring more equity to investments and payments. But I don't agree with most of what you have expressed above, while some are just being over-emphasised by you as the world's financial activities have been working well even without BTC. What BTC does mainly without overstressing things as you did are two and are as follows;
1. It helps against the centralization of its financial activities thereby giving more privacy and higher authority over your money/assets.
2. It lowers transactional fees to a bearest minimum.
Anything aside these will only give room for debates.
1. It helps against the centralization of its financial activities thereby giving more privacy and higher authority over your money/assets.
2. It lowers transactional fees to a bearest minimum.
Anything aside these will only give room for debates.
Sir you are mentioning attributes of Bitcoin, where as i posted about the characteristic features without Bitcoin ...
Bitcoin has come to help and stop most of the overbearing and controlling attitudes of banks and governments to bring more equity to investments and payments. But I don't agree with most of what you have expressed above, while some are just being over-emphasised by you as the world's financial activities have been working well even without BTC. What BTC does mainly without overstressing things as you did are two and are as follows;
1. It helps against the centralization of its financial activities thereby giving more privacy and higher authority over your money/assets.
2. It lowers transactional fees to a bearest minimum.
Anything aside these will only give room for debates.
1. It helps against the centralization of its financial activities thereby giving more privacy and higher authority over your money/assets.
2. It lowers transactional fees to a bearest minimum.
Anything aside these will only give room for debates.
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
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
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