the biggest innovation of bitcoin is ... - page 2.

smith coins

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Quote from: Betwrong on October 05, 2015, 03:27:38 AM

The biggest innovation of bitcoin is the decentralization of this digital currency. No government and no country has the power to control its inflation, circulation or price.

At first yes but as we have seen there are opening more and more companies.
And a good number of them hold your bitcoins which makes it not much decentralized.
But in general this is the innovation of bitcoin, low fee, fast transaction and no need for any verification.

bitgolden

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Independence from government regulation, no freezing of our hard earned money are the freedom I enjoy by bitcoin now a days. Simply the decentralization is the core concept I believe in. By people for people is the concept from where bitcoin born. I'm one of those people.

Betwrong

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The biggest innovation of bitcoin is the decentralization of this digital currency. No government and no country has the power to control its inflation, circulation or price.

randy8777

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the biggest innovation of bitcoin is.... we as people have the control over our money back. we can send and receive money instantly all over the world 24 hours a day.

OmegaStarScream

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The biggest innovation of bitcoin is probably the blockchain , however it's really sad to see banks and other companies interested in Blockchain technology but not interested in Bitcoin itself .

Franciem

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Real power doesnt hit hard,but right to the target

the biggest innovation of bitcoin is a decentralization money, secure online payment,
if you use other payment processor you will know bitcoin is cheapest fee

H.W.Z

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fast international transferring, digital, cheap tx fee comparing with other methods etc. There are a lot I could mention here. Other revolutional advantages are that it can be money, investment, commodity, future etc.

ashour

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The biggest innovation of bitcoin is ... bitcoin. Bitcoin itself is one of most innovative FinTech's to have ever been created.

chennan

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Quote from: Wapinter on October 04, 2015, 02:34:19 PM

Quote from: ThePrinceofTea on October 04, 2015, 02:17:49 PM

please continue the sentence.

mine:

continuous quotation.

I think the greatest iinnovation of btc is anonymity.A sender and receiver can not trace each other unless they are blockchain tech experts

It's definitely not anonymous in the sense that anyone can follow transactions on blockchain.info ... You don't really have to be an expert at all. It's correct that you say that it's pseudononymous

VirosaGITS

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Quote from: Raimonn on October 04, 2015, 04:32:54 PM

there are a lot of biggest innovations, but the one i like more is the low fees. In other currencies banks/card/transfers companies make a lot of money with its fees.

Bitcoin transactions also work outside business hours. The transaction is seen on the network nearly instantly. Even across the world. It is very convenient, if you live in a country where exchange services are up to par.

Raimonn

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there are a lot of biggest innovations, but the one i like more is the low fees. In other currencies banks/card/transfers companies make a lot of money with its fees.

prodigy8

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the biggest innovation of bitcoin is small fee on transaction.
Comparing to international transfer then bitcoin transaction fee are few cents (or mostly free)
Fast transfers, fast confirmation and sometimes it sucks on double spending.

VirosaGITS

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The biggest innovation of Bitcoin is how it can completely revolutionize the global monetary system. It is secure and solid. What the humans will or not do with it is its biggest flaw.

Quote from: Wapinter on October 04, 2015, 02:34:19 PM

Quote from: ThePrinceofTea on October 04, 2015, 02:17:49 PM

please continue the sentence.

mine:

continuous quotation.

I think the greatest iinnovation of btc is anonymity.A sender and receiver can not trace each other unless they are blockchain tech experts

Or... know how to google. BTC is absolutely not anonymous, transactions are all fully traceable. Justcopy paste in the TxID and boom. You can even see his bitcoin balance Tongue

https://blockchain.info/

Grg

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... the block chain!
(and all the possibilities!)

brg444

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Bitcoin replaces central, not commercial, banks

the biggest innovation of bitcoin is a fixed monetary supply.

achow101

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Just writing some code

the distributed ledger which allows every and all transactions to be seen by anyone, prevents transactions from being double spent, and provides trustlessness.

thinkinger

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The biggest innovation of Bitcoin is fast and cheap money sending worldwide.

Mickeyb

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Move On !!!!!!

The biggest innovation of Bitcoin is Bitcoin itself.

Just a fact that you can send money to anybody on the other side of the globe and that they will have it readily available in about 10 minutes is mind-blowing. I won't even mention all of the other Bitcoin advantages like decentralization, your own bank, etc..

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Quote from: ThePrinceofTea on October 04, 2015, 02:17:49 PM

please continue the sentence.

mine:

continuous quotation.

I think the greatest iinnovation of btc is anonymity.A sender and receiver can not trace each other unless they are blockchain tech experts

smith coins

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The biggest innovation of bitcoin is the payment system
Even though that we think that the confirmation time about the transcation take a long time
In fact that is very fast especially when transfer the funds to another country.

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