The digital perfection of Bitcoin - page 3.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Richycryp on December 30, 2021, 04:56:58 AM

People always say that Bitcoin is the digital money that will take over soon as the world is digitalized,

The world is digitized is a wrong statement. The payment system are made digital is the correct statement. Bitcoin is one of the different modes of payment in that vast sphere. If you are trying to say that crypto will become major, then you are mistaken, both fiat and crypto will co-exist in future.

Quote from: BlackHatCoiner on December 30, 2021, 05:40:00 AM

Right after it, you state that it's the future currency, but doubt it'll be easy to use. You're withdrawing your own sayings.

OP is the type of account that posts new topics and does not followup replies to older topics. Roll Eyes

riso2015

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Trphy.io

a lot of people talk about the perfection of bitcoin, it can't be denied that over time bitcoin is getting more and more popular, and is increasingly being attracted by various groups, but in my personal opinion the perfection of bitcoin is only for the digital world, we must realize bitcoin cannot replace fiat currency , a currency that is held by everyone, and a currency that is managed by all governments, bitcoin will continue to be popular in the digital world, and will remain an asset and the safest place to invest.

syedakhlaque

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Bitcoin has digital perfection due to blockchain technology. Blockchain is a good development in the world of science that does not have someones or some group control. It cannot be edited or deleted. So it has good perfection and securiy. Now the countries where bitcoin has a legal issue should manage a legal framework for its acceptance regarding the superiority of their central bank or state bank.

Fortify

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Quote from: Richycryp on December 30, 2021, 04:56:58 AM

People always say that Bitcoin is the digital money that will take over soon as the world is digitalized,but they have not understand something, It may not be easy as we think due to some delays in confirmation of transactions,It will be a good development to the whole world, but how do we perfect this and make it handled and easy as a physical money? Bitcoin has actually come to stay an let make it perfect and make it easy for everyone to use, through the digital. Yes I agree that Bitcoin is future currency, but let it be easy to use ?

I think it's bad form to say that Bitcoin is perfect and it can be improved in numerous ways. It's like saying the internet was perfect shortly after it came out, yet we've seen it evolve and transform to produce many more miraculous things. I doubt Satoshi would have wanted people to stop developing the blockchain idea at this first iteration and it's great that other cryptocurrencies are developing novel new ideas based on the same core concept - a transparent link of all transactions allowing you to trace every coin ever creating (stopping "counterfeits" entering the supply) in a decentralized manner. If the energy usage can be lowered below existing payment networks and the speed can be almost instant, then it would be much closer to perfect.

fiulpro

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It's definitely not something that might be so easy to use for old people or also for young people but one have to understand the fact that digital currencies are always a little hard to use, even using bank accounts online can be quite challenging. I do think when we talk about converting bitcoins in a currency we do not talk about it dominating everything that we know of, we specifically talk about how we can use Bitcoins more efficiently in other ways possible, for some people they might have greater use of it as an investment but that does not mean that we cannot use it for international transactions, it can indeed make them more easy. What we are talking about is : Giving a decentralized currency an opportunity to hold ground and to make further progress.

Gyfts

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Quote from: YOSHIE on December 30, 2021, 05:18:02 AM

Even though Bitcoin is called a digital currency, it doesn't mean that Bitcoin is made into a real currency like fiat today, Bitcoin is only used as a medium of exchange in digital form online into fiat form, nothing more.

More details you have to understand this one.

Quote

Digital: is everything, whether graphics, text, numbers, or other objects that are described or available in numeric form, namely binary numbers 0 and 1 that are displayed or not with the help of certain devices.

Meaning: fiat only has numbers, no graphics, digital is not controlled by certain organizations, fiat can be controlled by certain organizations, meaning: Bitcoin can not be made into currency in general like paper money, because it does not have ownership, Bitcoin can only be obtained online, bought with paper money on exchange sites or other sites.

Conclusion: there is no such thing as Bitcoin made into paper money anytime and anywhere, Bitcoin is not used by one country, but is used by all countries, online.

The currency system before paper money was essentially precious metals. The gold standard was not controlled by any organizations, there was a finite supply. You can do a Bitcoin transaction physically person to person, so why would Bitcoin's online presence be a hinderance? Most financial systems operate on the internet anyways, so the infrastructure is there already. The entirety of people's net worth appears as digitalized pixels on a private banking page. There's nothing physical about it.

Accardo

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Leading Crypto Sports Betting & Casino Platform

There is nothing difficult about the usage of bitcoin, you said that transactions get delayed using bitcoin, of course if you send a small fee your transaction will be delayed until they are lesser transactions on the blockchain network. They are a lot of digital money, Even fiat can be a digital currency these days, because it can get sent using a digital medium like a computer and if they is a network problem the transaction gets delayed as well.

hyudien

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Bitcoin as anything can be used. Not only devoted as a medium of exchange that has value. Actually the value contained in Bitcoin is also a guide for people to survive inflation. We use Bitcoin as a store of value, the perfection in Bitcoin is seen from the way the early community was so amazed at its sophistication that it defied centralization.

As a centralized currency it may take an organized deal. Some of us keep it within the realm of where Bitcoin was originally born. I wouldn't be so against the angle that other people see about the benefits of Bitcoin. Perfection in it because we are the ones who until now still believe in Bitcoin. The point is the belief of a large community that makes everything perfect. Both from the value, benefits and purpose of Bitcoin.

pooya87

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Quote from: YOSHIE on December 30, 2021, 05:18:02 AM

Even though Bitcoin is called a digital currency, it doesn't mean that Bitcoin is made into a real currency like fiat today, Bitcoin is only used as a medium of exchange in digital form online into fiat form, nothing more.

What is a real currency? Is it not literary anything you can use as medium of exchange?
Bitcoin IS a currency and not having a physical form or the fact that it is not centralized and inflationary like fiat doesn't change that. You can purchase anything with bitcoin both online and offline, not just on the internet and not just convert to fiat!
Besides, fiat is also digital nowadays. In fact I'm even paying my cab driver digital fiat and no longer carry cash around! Do you claim that because I paid him digitally, that wasn't a real currency?

BlackHatCoiner

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Farewell, Leo

Quote from: Richycryp on December 30, 2021, 04:56:58 AM

People always say that Bitcoin is the digital money that will take over soon as the world is digitalized

Digitalization isn't the (only) reason Bitcoin is better.

Quote from: Richycryp on December 30, 2021, 04:56:58 AM

It may not be easy as we think due to some delays in confirmation of transactions

Have you heard of the Lightning Network?

Quote from: Richycryp on December 30, 2021, 04:56:58 AM

but how do we perfect this and make it handled and easy as a physical money?

Why should it be tangible? And further: Isn't digitalization an argument, after all, or not?

Quote from: Richycryp on December 30, 2021, 04:56:58 AM

Bitcoin has actually come to stay an let make it perfect and make it easy for everyone to use, through the digital. Yes I agree that Bitcoin is future currency, but let it be easy to use ?

In your first sentence you say that it has come to stay as it's easy on its use. Right after it, you state that it's the future currency, but doubt it'll be easy to use. You're withdrawing your own sayings.

YOSHIE

legendary

Activity: 2128

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Even though Bitcoin is called a digital currency, it doesn't mean that Bitcoin is made into a real currency like fiat today, Bitcoin is only used as a medium of exchange in digital form online into fiat form, nothing more.

More details you have to understand this one.

Quote

Digital: is everything, whether graphics, text, numbers, or other objects that are described or available in numeric form, namely binary numbers 0 and 1 that are displayed or not with the help of certain devices.

Meaning: fiat only has numbers, no graphics, digital is not controlled by certain organizations, fiat can be controlled by certain organizations, meaning: Bitcoin can not be made into currency in general like paper money, because it does not have ownership, Bitcoin can only be obtained online, bought with paper money on exchange sites or other sites.

Conclusion: there is no such thing as Bitcoin made into paper money anytime and anywhere, Bitcoin is not used by one country, but is used by all countries, online.

Richycryp

newbie

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Merit: 1

People always say that Bitcoin is the digital money that will take over soon as the world is digitalized,but they have not understand something, It may not be easy as we think due to some delays in confirmation of transactions,It will be a good development to the whole world, but how do we perfect this and make it handled and easy as a physical money? Bitcoin has actually come to stay an let make it perfect and make it easy for everyone to use, through the digital. Yes I agree that Bitcoin is future currency, but let it be easy to use ?

Topic: The digital perfection of Bitcoin - page 3. (Read 572 times)