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Topic: Is Bitcoin for the people or for the corporations? - page 8. (Read 3088 times)

full member
Activity: 1890
Merit: 101
When Bitcoin and other crypto-currencies first came out, everyone were saying that it was for the people to get their financial freedom. Now, it seems like it's being taken over by big financial institutions. Should we be worried?
indeed, today many large companies and institutions use Blockchain technology and issue their own cryptocurrencies to gather and make their business bigger.. actually, we don't worry about this because all cryptocurrencies and blockchain technology are for the good of human society in the future, and surely the company only helps make Blockchain technology bigger and known..
copper member
Activity: 295
Merit: 1
Yes, from my personal opinion I think , Bitcoin for the people or for he corporations. because, Bitcoin provides the right price for the person or organization of its investment. Also, the cost is very low at the time of exchange. No bank has to pay any additional money while investing in bitcoin. Currently, many companies are using Bitcoin for their business promotion and expansion. So I think Bitcoin is a blessing for the present time.
legendary
Activity: 2030
Merit: 1028
Bitcoin is being created from us, trader to us as trader too.

As we know that bitcoin keep expand globally so in order to gather more exposure, company or even government have their right to control their regulation under control so it's a win win solution for both party !
full member
Activity: 217
Merit: 100
Bitcoin and Altcoin were created for the purpose of fast online payments, and so far the number of "personal" is still the majority of bitcoin holdings compared to many companies. Risk, not legitimized, makes many companies afraid. I hope the Bitcoin future will be legalized and widespread.
jr. member
Activity: 203
Merit: 2
Is for all who love bitcoin and be digital around
member
Activity: 97
Merit: 10
maybe at this time bitcoin has not been fully known by everyone and there are still many countries that have not provided the legality of crypto currencies and that which is still being used by certain people and for companies
yes you are right, but not all people in this world will work and know the world of cryptocurrency. because the way people get money or success is different. I think it all takes a very long time for all companies and people to know what the benefits of crypto are for the country and for someone.

The issue could be that if people start relying on companies for storing their Bitcoin, instead of keeping and storing it themselves, it won't be much different than the traditional banking they were doing before they started using it. The main purpose of Bitcoin was originally for it to be an alternative to banks.
One of the main reasons why corporation started paying so much attention to it was the launch of the Bitcoin investment products in the major exchanges, which kind of legitimized it for them. But perhaps the good thing about it is that it means they think Bitcoin has a future. If they thought it was just a fad they wouldn't spend any money on it.
member
Activity: 420
Merit: 10
When Bitcoin and other crypto-currencies first came out, everyone were saying that it was for the people to get their financial freedom. Now, it seems like it's being taken over by big financial institutions. Should we be worried?

They can try to take over it but they can't, that's why they're continuously seeking for ways to do so. Purposely speaking, bitcoin was created to be decentralized and for the people, to get rid of the third party. If they will try to interfere, they will only lose. As long as we hold our private keys, we can transact using the blockchain without any financial institution, and there's nothing they can do to change that fact. The most that they can do is try to spread fear of capitulation and FUD about it to manipulate the price, just like what is happening nowadays. SEC keeps on delaying the ETF, and whales keep on bickering, that's why price keep on falling. But my hope is high that crypto will soon prevail despite these obscurities.
hero member
Activity: 1190
Merit: 534
Bitcoin is not yet fully developed and hence everyone has the equal opportunity to get involved with it and extract maximum benefit out of it. It is merely a payment system which gives some advantages over the traditional fiat based payment system. While considering the individual's point of view, one should understand that Bitcoin is a payment system and the real value lies in the ability to deal with utility aspect of it and speculation is just the surface. Corporations are exactly focusing on this point and extracting benefits out of it.
full member
Activity: 392
Merit: 100
I think more and more are using bitcoin, so it's good for the development of bitcoin and other crypto currencies, nowadays more and more people and companies that know and use bitcoin, I'm not worried
sr. member
Activity: 656
Merit: 250
Its for everyone who wants to use and store bitcoin even a single person, companies, financial institutions and other groups are free to buy and utilize bitcoin the way they want it, no need to worry we can all benefits from this digital currency big institutions are always part of every game especially money. 
sr. member
Activity: 784
Merit: 250
maybe at this time bitcoin has not been fully known by everyone and there are still many countries that have not provided the legality of crypto currencies and that which is still being used by certain people and for companies
yes you are right, but not all people in this world will work and know the world of cryptocurrency. because the way people get money or success is different. I think it all takes a very long time for all companies and people to know what the benefits of crypto are for the country and for someone.
jr. member
Activity: 303
Merit: 2
When Bitcoin and other crypto-currencies first came out, everyone were saying that it was for the people to get their financial freedom. Now, it seems like it's being taken over by big financial institutions. Should we be worried?

No, don't be worried by those financial institutions because they only just create coins to compete in this market but its the consumers who has the power to make them last in the market. In this business, there are so many competitions so the demand isn't great for those financial institutions. But public's favourite like bitcoin will stay because people support for its growth and development.
sr. member
Activity: 1638
Merit: 300
When Bitcoin and other crypto-currencies first came out, everyone were saying that it was for the people to get their financial freedom. Now, it seems like it's being taken over by big financial institutions. Should we be worried?

I think bitcoin is used for all parties. not only people, but companies also use it. because they think bitcoin is profitable for them. so many companies today have used bitcoin. so don't worry about such problems.

I don't think companies would be using Bitcoin that quickly since we all know how volatile it is. Companies are so strict when it comes to budgets and if Bitcoin dumps, it will not just affects the investors and people using it but also that certain company and I don't think that company wants that but if that is true that companies or maybe even corporations are using it, shouldn't we be happy since the demand is increasing and means it will be having a good price?
jr. member
Activity: 916
Merit: 1
I think it's still for simple people also. Especially as the rates now are lower more people can allow to invest in it and earn more if it will rise again (I hope it would happen).
On the other hand less people believe in it now, but it's a personal choice whether to invest or not.
full member
Activity: 798
Merit: 121
When Bitcoin and other crypto-currencies first came out, everyone were saying that it was for the people to get their financial freedom. Now, it seems like it's being taken over by big financial institutions. Should we be worried?

Almost everything can be turned into a capitalistic business if you look at it but don't be discourage if you think that only some corporations are the only ones growing in this field. Bitcoin and crypto itself is for anyone who has a determined goal to grow regardless how small you are when you've started. And the period of time doesn't matter here because each one has their own strategy and goal in mind.
twa
full member
Activity: 320
Merit: 100
BitSong is a decentralized music streaming platfor
maybe at this time bitcoin has not been fully known by everyone and there are still many countries that have not provided the legality of crypto currencies and that which is still being used by certain people and for companies
member
Activity: 308
Merit: 10
★YoBit.Net★ 1400+ Coins Exchange
Bitcoin is for everyone.

I agree with you that bitcoin is for everyone, not the individual or entity, all are bitcoin accepted for the investment Grin. And this investment path, everyone wants for a fairly stable profit Cheesy.
sr. member
Activity: 826
Merit: 256
Bitcoin can be use by all kinds of people whether they are ordinary or well known, rich or poor. If you know how to use the net or you have net access, you can able to own bitcoin and use it any transactions and in trading. When bitcoin is developed as a alternative payment system, it did not specify a kind of people that is only  allowed to use it. Bitcoin and cryptocurrencies are highly volatile so if someone want to buy coins, there is a reminder to use only the money you can afford to ose.
jr. member
Activity: 185
Merit: 3
Ask yourself. Regardless if you're some employee working on a company that utilizes Bitcoin for such payments or just an ordinary person that lives a normal and happy life. Is there any hindrance in your utilization in Bitcoin? Does the price swing matter that much? Of course. Everyone within Bitcoin or the crypto community is affected. Is the effect that mutual? Almost. It only varies in how you use it. Daily life or simply just for your own convenience. It is for everyone.
newbie
Activity: 63
Merit: 0
When Bitcoin and other crypto-currencies first came out, everyone were saying that it was for the people to get their financial freedom. Now, it seems like it's being taken over by big financial institutions. Should we be worried?

btc is for people. But corporations are also made of people. Btc is for everyone, but that's true that btc is now partially usurped. At the end of the day, btc price is now relatively low, so everyone has a chance to buy.
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