Topic: Who actually needs bitcoin if current currencies are going digital anyway? (Read 946 times)
January 29, 2015, 05:48:20 AM
There is only one winner and that's BTC, alts will always be just alts.
January 29, 2015, 05:48:04 AM
I mean, why would the average user want to use bitcoin instead of Apple Pay, SnapCash, etc?
I don't think the next set of digital currency allows anonymity. If that is the case, then I think most of the people would still stick to bitcoin. However if it so happens, that most of the world, ends up using the other digital currencies like Snapcash, then I think value of bitcoin would decline, but it would still be in use.
January 29, 2015, 05:41:37 AM
The key thing with bitcoin is not that its "digital". Fiat has been mostly digital for a long time. Its that its decentralized and peer to peer. So no need for a middleman and you are in full control of your money.
As for why people would use it; its easier to understand looking at it from the perspective of a business; fees are dramatically lower, no chance of fraud (stolen cc, fraudulent charge backs etc). Those two things alone will spur adoption, and when the savings get passed on to the consumer, you may want to use it too.
That said, I also think the most promising aspect of btc is the blockchain and what it will enable, more than bitcoin as a currency, but you cant have one without the other.
As for why people would use it; its easier to understand looking at it from the perspective of a business; fees are dramatically lower, no chance of fraud (stolen cc, fraudulent charge backs etc). Those two things alone will spur adoption, and when the savings get passed on to the consumer, you may want to use it too.
That said, I also think the most promising aspect of btc is the blockchain and what it will enable, more than bitcoin as a currency, but you cant have one without the other.
January 29, 2015, 05:29:26 AM
bitcoin is and always will be interesting for the people who are not happy with the current level of control exercised by companies such as apple, google and facebook. it is the first technological invention in ages that goes contrary to further centralization, giving the user the opportunity to once again "own" something instead of just gettin it leased by a company on their terms.
the last decade was characteristic for a change in the way you "own" the things you have bought. with the companies above, a silent shift was made from buying physically goods towards leasing digitally goods. basically, all music bought in the apple store, all games in steam, all digital books on kindle etc. are not owned by you in the way you own the chair you are sitting on. you paid for both, but while you can do whatever you want to do with the chair... with the other stuff not so.
a digital currency designed by said system would be quite the same. you buy some of their tokens, but they can decide what you are allowed to do with them, and can change the rules at any time without your consent. if the majority really want to let a company decide what they are allowed to buy with their digital money, then this is the future.
still hoping that this kind of dystopia won't come true.
the last decade was characteristic for a change in the way you "own" the things you have bought. with the companies above, a silent shift was made from buying physically goods towards leasing digitally goods. basically, all music bought in the apple store, all games in steam, all digital books on kindle etc. are not owned by you in the way you own the chair you are sitting on. you paid for both, but while you can do whatever you want to do with the chair... with the other stuff not so.
a digital currency designed by said system would be quite the same. you buy some of their tokens, but they can decide what you are allowed to do with them, and can change the rules at any time without your consent. if the majority really want to let a company decide what they are allowed to buy with their digital money, then this is the future.
still hoping that this kind of dystopia won't come true.
January 29, 2015, 05:10:55 AM
Nobody outside the Cult uses Bitcoin to pay for anything. It makes absolutely no sense.
January 29, 2015, 05:08:46 AM
I think they would be more interested in using the technologies that powers BTC (they are already researching and prehaps some have begun to test trial etc) rather than using BTC itself.
January 29, 2015, 04:37:21 AM
There is no unanimity that Bitcoin is for the average user.
My opinion is that Apple Pay, SnapCash, etc (especially etc) could become much more interested in Bitcoin than the average user would.
My opinion is that Apple Pay, SnapCash, etc (especially etc) could become much more interested in Bitcoin than the average user would.
January 29, 2015, 04:29:43 AM
I mean, why would the average user want to use bitcoin instead of Apple Pay, SnapCash, etc?
Jump to: