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Topic: Strength of Bitcoin - page 4. (Read 1186 times)

hero member
Activity: 3038
Merit: 634
August 14, 2019, 06:22:59 PM
#8
No one was using it before except the notable pizza and that's people on the dark/deep web used it as a means of currency because it's in favor of them. But as time goes by, it's also applicable in mainstream usage like what we're doing right now.

While some people and even gov'ts think that bitcoin is just for that kind of use. But they don't want to analyze on how wide the use of bitcoin right now and its adoption keeps increasing because it's applicable as an alternative payment for digital transactions.
Exactly, because on its early years, the pizza guy wanted to proved something. Remember that he was one of the earliest developer and have constant communication with Satoshi himself. But as time goes by bitcoin really evolved and became an alternative payments options but then again the question on fees and the speed of how it was confirmed by question. That's why LN was created and introduce to solved this one drawback.

So I'm still positive that in the next 10 years, bitcoin will continue to exist. There might be a lot of test and bumps along the way. But it has proved itself to be resilient to any negativity so I will not be surprised it will be globally adopted.
Is laszlo is one of the earliest developer that contacted satoshi? I didn't know about that though.

Those who questioned about the fees, where are they right now? they keep on crying about it but they can't pull down the greatness of bitcoin. It's strength is incomparable, it's an all in all system. You take the money, you take the payment scheme, as in all in.

Bitcoin is here to stay, it haven't reached many countries yet and those doubtfuls will recognize its strength.
hero member
Activity: 2842
Merit: 772
August 13, 2019, 11:03:19 PM
#7
No one was using it before except the notable pizza and that's people on the dark/deep web used it as a means of currency because it's in favor of them. But as time goes by, it's also applicable in mainstream usage like what we're doing right now.

While some people and even gov'ts think that bitcoin is just for that kind of use. But they don't want to analyze on how wide the use of bitcoin right now and its adoption keeps increasing because it's applicable as an alternative payment for digital transactions.
Exactly, because on its early years, the pizza guy wanted to proved something. Remember that he was one of the earliest developer and have constant communication with Satoshi himself. But as time goes by bitcoin really evolved and became an alternative payments options but then again the question on fees and the speed of how it was confirmed by question. That's why LN was created and introduce to solved this one drawback.

So I'm still positive that in the next 10 years, bitcoin will continue to exist. There might be a lot of test and bumps along the way. But it has proved itself to be resilient to any negativity so I will not be surprised it will be globally adopted.
hero member
Activity: 2660
Merit: 551
August 13, 2019, 09:41:58 PM
#6
~snip~
And it gain notoriety when bitcoin was being used by underworld criminals, but that is the effect of decentralization in my opinion. No central head, no authority to answer, and it is us, crypto enthusiast who will continue to make bitcoin progress in the next coming 10 years.
^ Definitely you were right, decentralization of bitcoin will make bitcoin strength because no one will get blaming on it even Satoshi is hiding by his name and remained anonymous. I like the whole concept of articles because all statements are true that centralized powers can not over control the decentralized currency and that is bitcoin. Nevertheless, this gives strength with bitcoin "The true power of cryptocurrencies is the power to print and distribute money without a central power."

Right, we have control right now, we can do whatever we want with our crypto without the prying eyes of tax man around. However, the paradigm has shift, government around the world is clamping and putting the ban hammer, and yet after ten years we are still here. Evident that bitcoin will go strong in the future.
hero member
Activity: 3038
Merit: 634
August 13, 2019, 05:09:41 PM
#5
Decentralization itself is the strength of bitcoin. It would be amazing if you're also going to give some points on what you think about the topic rather than leave the topic with few words without giving your opinion.
Decentralization is one key aspects of bitcoin that really gives its competitive edge on the altcoin market. And it is the first of its kind to truly take off and in the last 10 years, it was grow so much that many governments around the world treat bitcoin as a competitor and could disrupt the financial systems around the world.

And it gain notoriety when bitcoin was being used by underworld criminals, but that is the effect of decentralization in my opinion. No central head, no authority to answer, and it is us, crypto enthusiast who will continue to make bitcoin progress in the next coming 10 years.
No one was using it before except the notable pizza and that's people on the dark/deep web used it as a means of currency because it's in favor of them. But as time goes by, it's also applicable in mainstream usage like what we're doing right now.

While some people and even gov'ts think that bitcoin is just for that kind of use. But they don't want to analyze on how wide the use of bitcoin right now and its adoption keeps increasing because it's applicable as an alternative payment for digital transactions.
hero member
Activity: 2590
Merit: 644
August 13, 2019, 05:04:31 AM
#4
~snip~
And it gain notoriety when bitcoin was being used by underworld criminals, but that is the effect of decentralization in my opinion. No central head, no authority to answer, and it is us, crypto enthusiast who will continue to make bitcoin progress in the next coming 10 years.
^ Definitely you were right, decentralization of bitcoin will make bitcoin strength because no one will get blaming on it even Satoshi is hiding by his name and remained anonymous. I like the whole concept of articles because all statements are true that centralized powers can not over control the decentralized currency and that is bitcoin. Nevertheless, this gives strength with bitcoin "The true power of cryptocurrencies is the power to print and distribute money without a central power."
hero member
Activity: 2842
Merit: 772
August 13, 2019, 02:41:54 AM
#3
Decentralization itself is the strength of bitcoin. It would be amazing if you're also going to give some points on what you think about the topic rather than leave the topic with few words without giving your opinion.
Decentralization is one key aspects of bitcoin that really gives its competitive edge on the altcoin market. And it is the first of its kind to truly take off and in the last 10 years, it was grow so much that many governments around the world treat bitcoin as a competitor and could disrupt the financial systems around the world.

And it gain notoriety when bitcoin was being used by underworld criminals, but that is the effect of decentralization in my opinion. No central head, no authority to answer, and it is us, crypto enthusiast who will continue to make bitcoin progress in the next coming 10 years.
jr. member
Activity: 98
Merit: 1
HODL is the key to wealth
August 12, 2019, 11:09:03 PM
#2
Well I think the article show cases the strength of bitcoin over fiat currency very well.
hero member
Activity: 3038
Merit: 634
August 12, 2019, 06:16:03 PM
#2
This article's introduction is good for introducing the history of money to showcase on how bitcoin designed to be powerful more than the current financial system.

Decentralization itself is the strength of bitcoin. It would be amazing if you're also going to give some points on what you think about the topic rather than leave the topic with few words without giving your opinion.
jr. member
Activity: 98
Merit: 1
HODL is the key to wealth
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