Topic: If Bitcoin took over.... - page 2. (Read 1538 times)
Bitcoin will not take over (meaning it will replace fiat currency). At best, it will grow to the solid alternative payment system (or commodity, if you prefer).
... what good do you think it would do humanity?
Critical thinking time - put your thinking caps on.
Anyone and everyone is free to answer as they see fit, but I am really interested in points that:
a) Give reasons why it will. It will be good for humans because.....
&
b) Have solid reasoning, saying it will get rid of the bankers is not solid reasoning. I would class a better answer as Bitcoin will remove banks which will have this effect and that, which in turn would benefit humanity because of x and y.
I am going to try my hardest not to disagree with anyone on this thread, but I may ask you to justify further. Your choice if you do or not.
Why? I am interested....
Critical thinking time - put your thinking caps on.
Anyone and everyone is free to answer as they see fit, but I am really interested in points that:
a) Give reasons why it will. It will be good for humans because.....
&
b) Have solid reasoning, saying it will get rid of the bankers is not solid reasoning. I would class a better answer as Bitcoin will remove banks which will have this effect and that, which in turn would benefit humanity because of x and y.
I am going to try my hardest not to disagree with anyone on this thread, but I may ask you to justify further. Your choice if you do or not.
Why? I am interested....
Well ... If Bitcoin took over then we are simply and officially free people . Annonymus and we have always our privacy , we control our money and we don't blame anyone else if something bad happens to our money .
I personally won't speak about Banks like some people did/will because of the Interesst and giving back more then 100% etc ... I'am Muslim in Muslim country with Islam bank so we don't have that Interessts bullshits etc ...
still I don't use banks ~ Madness
-- Bitcoin allows someone to control their own finances and be their own bank , thus empowering humanity.
-- Bitcoin using multisig allows one to perform neat functions like escrow and arbitration without counter-party risk
--Bitcoin allows non-humans to control currency thus allowing us more efficient ways of transacting without unnecessary intermediaries.
-- Remove the ability for banks or governments to steal wealth from inflation, bailouts, bail-ins, ect..(with bitcoin)
-- Bitcoin being a programmable currency allows one to perform neat functions like ntimelock, ricardian contracts on the blockchain, more resilient notary services, smart contracts interacting with oracles, ect...
-- Bitcoin protocol allows for decentralized applications like crowdfunding with lighthouse, decentralized marketplaces like open bazaar , decentralized cms /blogs with twister, ect..
All of the items above empower the individual with better tools which are more censorship resistant and allow users the freedom to make ethical and moral decisions with their wealth rather than third parties making these decisions for them.
-- Bitcoin using multisig allows one to perform neat functions like escrow and arbitration without counter-party risk
--Bitcoin allows non-humans to control currency thus allowing us more efficient ways of transacting without unnecessary intermediaries.
-- Remove the ability for banks or governments to steal wealth from inflation, bailouts, bail-ins, ect..(with bitcoin)
-- Bitcoin being a programmable currency allows one to perform neat functions like ntimelock, ricardian contracts on the blockchain, more resilient notary services, smart contracts interacting with oracles, ect...
-- Bitcoin protocol allows for decentralized applications like crowdfunding with lighthouse, decentralized marketplaces like open bazaar , decentralized cms /blogs with twister, ect..
All of the items above empower the individual with better tools which are more censorship resistant and allow users the freedom to make ethical and moral decisions with their wealth rather than third parties making these decisions for them.
If bitcoin took over, there wouldn't be no banks.
Just joking. if bitcoin took over, there would be no pressure from the banks to use their services and in turn, make the average man free from the chains of the banks. Sorry for the ideas in here. It's 4:00 in the morning. Hope after I wake up, I'll see a healthy discussion going on in here.
Wait, I'll ask you the same question: If bitcoin took over..
Just joking. if bitcoin took over, there would be no pressure from the banks to use their services and in turn, make the average man free from the chains of the banks. Sorry for the ideas in here. It's 4:00 in the morning. Hope after I wake up, I'll see a healthy discussion going on in here.
Wait, I'll ask you the same question: If bitcoin took over..
... what good do you think it would do humanity?
Critical thinking time - put your thinking caps on.
Anyone and everyone is free to answer as they see fit, but I am really interested in points that:
a) Give reasons why it will. It will be good for humans because.....
&
b) Have solid reasoning, saying it will get rid of the bankers is not solid reasoning. I would class a better answer as Bitcoin will remove banks which will have this effect and that, which in turn would benefit humanity because of x and y.
I am going to try my hardest not to disagree with anyone on this thread, but I may ask you to justify further. Your choice if you do or not.
Why? I am interested....
QUICK NOTE: Busy for a while, will reply when can
Critical thinking time - put your thinking caps on.
Anyone and everyone is free to answer as they see fit, but I am really interested in points that:
a) Give reasons why it will. It will be good for humans because.....
&
b) Have solid reasoning, saying it will get rid of the bankers is not solid reasoning. I would class a better answer as Bitcoin will remove banks which will have this effect and that, which in turn would benefit humanity because of x and y.
I am going to try my hardest not to disagree with anyone on this thread, but I may ask you to justify further. Your choice if you do or not.
Why? I am interested....
QUICK NOTE: Busy for a while, will reply when can
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