Topic: Why bitcoin is successful? - this one statement sums it up! - page 5. (Read 4393 times)
People are in need, but they weren't able to express or make some changes to the working platform. When this need is identified and innovated through the technology, there happened a coincidence which has taken bitcoin as well the technology to be successful. If bitcoin has got failed then we could have never talked about blockchain and the various other platforms that are setting support platform to entire cryptocurrency network growth.
Yes it explains ,
Bitcoin become successful because people trust it so much and loved Satoshi's idea.
We have seen so many crypto follow it's step and fails because it couldn't really be copied and the explanations give it all why they couldn't copy it .
Bitcoin become successful because people trust it so much and loved Satoshi's idea.
We have seen so many crypto follow it's step and fails because it couldn't really be copied and the explanations give it all why they couldn't copy it .
It's called first-mover advantage. But the 1 MB block issue will ultimately be the currency's undoing.
yeah except that bitcoin wasn't exactly the first. there has been at least 5 other similar projects prior to bitcoin but only bitcoin got the "idea" and "implementation" right enough to become big. and it has been 10 years now. saying it still has first mover advantage means you don't know how the world works!
Why bitcoin is successful?
Why no other crypto currencies are able to even come closer to it?
It is a good point of view and there are other aspects as the idea of a non government money is nothing new and it was stuck by the double spending issue for over a decade, we had centralized currency which is not government controlled but the FBI shut them down really fast and when bitcoin came into existence that was like the eight wonder of the world, a decentralized monetary system no one could shut down and with limited coins in existence and it was the perfect solution everyone was waiting for. Why no other crypto currencies are able to even come closer to it?
Bitcoin is perfect. different, safe, and simple. Bitcoin is: 1. peer to peer transactions
2. global payments
3. low costs.
Bitcoin was chosen because Bitcoin is a solution to avoid any economic risk.
low cost is one of the things that is a bitcoin enthusiast, now bitcoin will still continue to run and bitcoin has the most consistent peer to peer costs among other coins. 2. global payments
3. low costs.
Bitcoin was chosen because Bitcoin is a solution to avoid any economic risk.
Why bitcoin is successful?
Why no other crypto currencies are able to even come closer to it?
We often look for the answer of these questions. The twitter handle of CryptoKanoon answered it and I can't resist myself from sharing it with the fellow community members.
The tweet says,
I don't think of anything better can be answered against those above mentioned questions! Want to beat it??
Original content link: https://twitter.com/cryptokanoon/status/1132223935058042880
Yes i agree it is the main reason for bitcoin price increase at the same time there is cons also because of mentioned thing there no regulation and because of no owners its difficult to maintain or take decision it is the main reason there is lots of Bitcoin Fork coins are appearing Why no other crypto currencies are able to even come closer to it?
We often look for the answer of these questions. The twitter handle of CryptoKanoon answered it and I can't resist myself from sharing it with the fellow community members.
The tweet says,
Quote
No head
No funding
No employee
No PR agency
No Social media
No advertisement
No board meetings
The only reason which made #bitcoin succesful was the purpose and that was to help people overcome their sufferings.
No funding
No employee
No PR agency
No Social media
No advertisement
No board meetings
The only reason which made #bitcoin succesful was the purpose and that was to help people overcome their sufferings.
I don't think of anything better can be answered against those above mentioned questions! Want to beat it??
Original content link: https://twitter.com/cryptokanoon/status/1132223935058042880
Bitcoin is different
- low transaction fees
- transparent information
- freedom of micro-payments
- secure ecosystem
- no risk of inflation
- elimination of the third party
- low transaction fees
- transparent information
- freedom of micro-payments
- secure ecosystem
- no risk of inflation
- elimination of the third party
This has become more true with the latest development of "GovCoins" and "PrivateCoins" from the Banking and financial centre, where everything is centralized and controlled by a single entity.
We will see a lot more of this in the future and the Facebook coin will be the catalyst for this. People like to follow the example of large successful operations and when companies like Facebook and Google and eBay starts launching their own coins based on the Blockchain, then things will spiral out of control.
We will see a lot more of this in the future and the Facebook coin will be the catalyst for this. People like to follow the example of large successful operations and when companies like Facebook and Google and eBay starts launching their own coins based on the Blockchain, then things will spiral out of control.
It's called first-mover advantage. But the 1 MB block issue will ultimately be the currency's undoing.
The market seems to disagree, so when do you expect a "flippening" type event to occur? Years, decades?
By the way, it's a 4MB block weight limit now. It's rare to see blocks < 1MB anymore.
this is exactly what i always tell people when they start comparing bitcoin with altcoins, specially with big ones like ethereum. with a quick look at bitcoin history you can see that bitcoin success did not require any kind of premine by the developer! no ICO fundraising crap! no mass media advertisement, spams,... to fool people into buying it!
while bitcoin was created to solve problems in monetary systems and offer a decentralized payment system, but 90% of the altcoins nowadays are only starting to give money to their developers and nothing else. this is why the altcoin devs feel the need to run a fundraising and call it ICO, IEO, STO,... even they know their coin has no usage or future. that is why they want to get the money up front!
while bitcoin was created to solve problems in monetary systems and offer a decentralized payment system, but 90% of the altcoins nowadays are only starting to give money to their developers and nothing else. this is why the altcoin devs feel the need to run a fundraising and call it ICO, IEO, STO,... even they know their coin has no usage or future. that is why they want to get the money up front!
Bitcoin been an open source code without anyone laying claim to its ownership or anyone single person controlling its network alongside with the economic reward it has brought to its users, its believers are ready to sacrifice to see it improve and succeed. Even the wicked men of the earth want to see bitcoin succeed.
Bitcoin is perfect. different, safe, and simple. Bitcoin is: 1. peer to peer transactions
2. global payments
3. low costs.
Bitcoin was chosen because Bitcoin is a solution to avoid any economic risk.
2. global payments
3. low costs.
Bitcoin was chosen because Bitcoin is a solution to avoid any economic risk.
Apart from Bitcoin is the leader, because honestly there is no other currency that is equal, the altcoins that have come directly depend on bitcoin, since they have no life of their own, that is why I believe that no currency can equal bitcoin.
And if another currency comes out you should see and wait for it to develop in its history, how long it takes, and that its structure is studyable, in general you should spend at least about 8 to 10 years as has happened in Bitcoin, and that is independent of the value of bitcoin, that does not depend on the price, that has some type of liquidity so that it can compete.
And if another currency comes out you should see and wait for it to develop in its history, how long it takes, and that its structure is studyable, in general you should spend at least about 8 to 10 years as has happened in Bitcoin, and that is independent of the value of bitcoin, that does not depend on the price, that has some type of liquidity so that it can compete.
Why bitcoin is successful?
Why no other crypto currencies are able to even come closer to it?
We often look for the answer of these questions. The twitter handle of CryptoKanoon answered it and I can't resist myself from sharing it with the fellow community members.
The tweet says,
I don't think of anything better can be answered against those above mentioned questions! Want to beat it??
Original content link: https://twitter.com/cryptokanoon/status/1132223935058042880
Why no other crypto currencies are able to even come closer to it?
We often look for the answer of these questions. The twitter handle of CryptoKanoon answered it and I can't resist myself from sharing it with the fellow community members.
The tweet says,
Quote
No head
No funding
No employee
No PR agency
No Social media
No advertisement
No board meetings
The only reason which made #bitcoin succesful was the purpose and that was to help people overcome their sufferings.
No funding
No employee
No PR agency
No Social media
No advertisement
No board meetings
The only reason which made #bitcoin succesful was the purpose and that was to help people overcome their sufferings.
I don't think of anything better can be answered against those above mentioned questions! Want to beat it??
Original content link: https://twitter.com/cryptokanoon/status/1132223935058042880
It's called first-mover advantage. But the 1 MB block issue will ultimately be the currency's undoing.
Bitcoin become successful because it is the first digital currency that dare to offered unique feature, and the first currency that dare to challenge government authority, its a currency that able to give us freedom, these new things are something that most people wanted
Why bitcoin is successful?
Why no other crypto currencies are able to even come closer to it?
We often look for the answer of these questions. The twitter handle of CryptoKanoon answered it and I can't resist myself from sharing it with the fellow community members.
The tweet says,
I don't think of anything better can be answered against those above mentioned questions! Want to beat it??
Original content link: https://twitter.com/cryptokanoon/status/1132223935058042880
Why no other crypto currencies are able to even come closer to it?
We often look for the answer of these questions. The twitter handle of CryptoKanoon answered it and I can't resist myself from sharing it with the fellow community members.
The tweet says,
Quote
No head
No funding
No employee
No PR agency
No Social media
No advertisement
No board meetings
The only reason which made #bitcoin succesful was the purpose and that was to help people overcome their sufferings.
No funding
No employee
No PR agency
No Social media
No advertisement
No board meetings
The only reason which made #bitcoin succesful was the purpose and that was to help people overcome their sufferings.
I don't think of anything better can be answered against those above mentioned questions! Want to beat it??
Original content link: https://twitter.com/cryptokanoon/status/1132223935058042880
Agree to this, aside from it bitcoin separates people from banks which snatches them their money. Banks usually just gives small interest on people's investment and savings. With cryptocurrency, even with it's risk, it provides people an opportunity to earn more money due to it's potential. Not to mention the convenience of using cryptocurrency vs banks which cut's off a lot of fees and delays for processing payments and transactions.
There are so many alt coins that are far better than bitcoin in terms of technology, Concepts and Decentralization
That's utter nonsense. No altcoin codebase is more rigorously tested than Bitcoin. No altcoin network is more secure. Altcoins are much more centralized in their mining or staking distributions. Some altcoins may have shiny new gimmicks -- most of which aren't worth porting into Bitcoin -- but "far better than Bitcoin" is simply wrong.
Well up to my thinking you are absolutely right.. these are the main factors which made successful bitcoin in the market.. no need of any advertisement and so many other things..
With that thinking, are we sure that the godly purpose of bitcoin is the only factor which made it as successful as where it is today? I think not. The moment people started trading it with fiat is IMO what really drove it to the success it is getting right now. Admit it or not, that fact alone help cement bitcoin's legacy status in the financial world, and perhaps without it bitcoin is still within mailing lists and close circles of cypherpunks and enthusiasts wanting to make a change.
It is no doubt that bitcoin's value and purpose is important in getting its success, but there are other factors at play, too.
It is no doubt that bitcoin's value and purpose is important in getting its success, but there are other factors at play, too.
Why bitcoin is successful?
Why no other crypto currencies are able to even come closer to it?
We often look for the answer of these questions. The twitter handle of CryptoKanoon answered it and I can't resist myself from sharing it with the fellow community members.
The tweet says,
I don't think of anything better can be answered against those above mentioned questions! Want to beat it??
Original content link: https://twitter.com/cryptokanoon/status/1132223935058042880
Why no other crypto currencies are able to even come closer to it?
We often look for the answer of these questions. The twitter handle of CryptoKanoon answered it and I can't resist myself from sharing it with the fellow community members.
The tweet says,
Quote
No head
No funding
No employee
No PR agency
No Social media
No advertisement
No board meetings
The only reason which made #bitcoin succesful was the purpose and that was to help people overcome their sufferings.
No funding
No employee
No PR agency
No Social media
No advertisement
No board meetings
The only reason which made #bitcoin succesful was the purpose and that was to help people overcome their sufferings.
I don't think of anything better can be answered against those above mentioned questions! Want to beat it??
Original content link: https://twitter.com/cryptokanoon/status/1132223935058042880
I will give the following suggestion:
copy and paste this post in all threads of the altcoins section, because who knows with this post the creators of shitcoins will feel more inspired and will start to strive to create good projects that add some value in the crypto world.
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