Why do we need bitcoin in the modern world? - page 3.

TheBunting

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Quote from: kvipcn on December 16, 2018, 06:59:33 PM

Bitcoin is here to make transactions made online easier and faster. It introduced a peer to peer system which eliminates the third party system in terms of sending funds to anyone at any part of the world and it is done within minutes.

Not to mention that it eliminates the sheer inconvenience of having to use native currencies when travelling abroad. If Ethereum is your gig, you can use it from anywhere in the world (apart from any countries that aren't allowing crypto of course

)

kvipcn

member

Activity: 255

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Bitcoin is here to make transactions made online easier and faster. It introduced a peer to peer system which eliminates the third party system in terms of sending funds to anyone at any part of the world and it is done within minutes.

ribowo76

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The World's 1st Waste to Green Energy DLT Project

To be sure, there are some features that exist in bitcoin we will not get on a conventional payment system. Especially the nature of decentralization, where no one can control it

ranman09

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Quote from: jack1111 on December 15, 2018, 03:13:48 PM

The ability to send Millions of Dollars with few Dollars as a fee and within few minutes is great thing for companies. In addition, the need to transparancy and safety in the modern world make Bitcoin and other Crypto coins a great fit while the doubt arround Dollar and fiat currencies is increasing.

Agreed. They just keep printing and printing more if they feel like the supply is going down. Which then takes part of its value down. Unlike cryptocurrency, it can just adjust its own value and we can use it's divisibility feature to further use it till the last drop. That is what I like with bitcoin.

ngocbkcse

hero member

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By now it is one of the few decentralized things in the world and perhaps one day it will be the safest means to store and save your earnings.

El_mako

newbie

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Quote from: eddie13 on December 04, 2018, 01:59:23 PM

People don't "need" bitcoin to pay for dinners and houses, or to make a profit.

People "need" Bitcoin to resist tyranny and oppression as it is an unstoppable tool of liberty.

I'm agree with you I live in Venezuela were we have an dictator system that breaks one of the must prosper economy in the region we are living a insane hyperinflation of more 1.000.000% year.
The only way to protect your saves its mining crypto because the electricity is free and subsidy.
This is crazy fellas.

adjudicator

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Activity: 281

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Quote from: strannik1998187 on December 04, 2018, 12:59:21 PM

As a rule, citizens of Eastern countries and Europeans are interested in purchasing e-currency. For example, in Germany, you can legally buy real estate, paying the seller bitcoins. In Japan, you can have a good dinner in a restaurant, paying the bill with cryptocurrency. This is very convenient, because you do not need to have a lot of time and lose huge interest for the transaction. However, not everyone is in a hurry to spend their savings in this way, which are stored in the form of a digital currency. Most owners of bitcoins who buy coins from miners, deep down hope that the rate will rise unexpectedly and there will be an opportunity to sell crypto currency profitably. This is one way how to earn with bitcoins. Thus, many of those who bought the digital currency as soon as it began to gain popularity, were able to make a fortune.

We need bitcoin is this modern world, it is because human wants an instant things today and it is being part of their needs and wants so that bitcoin is a tool for an instant things to happen like paying bills and buying goods etc.

jollydart

newbie

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To me the biggest importance is that it's going to be independent of the governments and the financial institutions. Also it removes the middleman, creates a trustless space where people can be sure of the transactions. Bringing automation to the financial sector.

minhlee95

full member

Activity: 527

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DIA | Data infrastructure for DeFi

Quote from: strannik1998187 on December 04, 2018, 12:59:21 PM

As a rule, citizens of Eastern countries and Europeans are interested in purchasing e-currency. For example, in Germany, you can legally buy real estate, paying the seller bitcoins. In Japan, you can have a good dinner in a restaurant, paying the bill with cryptocurrency. This is very convenient, because you do not need to have a lot of time and lose huge interest for the transaction. However, not everyone is in a hurry to spend their savings in this way, which are stored in the form of a digital currency. Most owners of bitcoins who buy coins from miners, deep down hope that the rate will rise unexpectedly and there will be an opportunity to sell crypto currency profitably. This is one way how to earn with bitcoins. Thus, many of those who bought the digital currency as soon as it began to gain popularity, were able to make a fortune.

I heard that now even a mobile phone on the blockchain has been released by HTC. Such events clearly indicate a serious future of cryptocurrencies Wink

Rob768

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I think that bitcoin is a well-known crypto-currency. For huge companies it's rather easy to send a payment with bitcoins. Traditional banks make transactions too long rather that bitcoin. I think it's the main reason why people need bitcoin.

jack1111

hero member

Activity: 924

Merit: 500

The ability to send Millions of Dollars with few Dollars as a fee and within few minutes is great thing for companies. In addition, the need to transparancy and safety in the modern world make Bitcoin and other Crypto coins a great fit while the doubt arround Dollar and fiat currencies is increasing.

unbotak

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Quote from: gulshan1 on December 15, 2018, 11:58:04 AM

Bitcoin is running with the totally new blockchain technology for digital currency which is most effecting the money transaction for duly routine. There is no need change the world for bitcoin because every body is likely to bitcoin and it is already doing automatically.

bitcoin will be applied with certainty when the world economy is no longer balanced and capitalism has bankrupted many countries, especially in addition to developed countries. bitcoin is needed to connect a very bad economic situation and in the end all countries will see the potential of bitcoin and start implementing it in general. the modern world economy will be based on online digital and the currency will also move massively towards digital.

Rana590

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Quote from: johnny508 on December 15, 2018, 09:50:36 AM

Modern world definitely need bitcoin because today many things are digitizing in the common world and quick, efficient and effective payment methods are becoming essential for day to day life for busy people because majority of them make payments online even for daily shopping which makes them vulnerable to hackers and other criminals who seek chances to steal there money and to avoid such things the security that bitcoin can provide is immense and that is why I think bitcoin is a must for the modern world to grow further and make existing things better

I agree with you about the sector. For the digitalization, we need digital payment method and digital currency for transaction. It will help us to reduce our time and money. Bitcoin is best for this and as a decentralized, people are much interested in it.

izanagi narukami

legendary

Activity: 2030

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Quote from: Babyrica0226 on December 15, 2018, 10:18:19 AM

Well before the world need it, I guess we supposed to adopt the blockchain first in the country we lived for. Because without it bitcoin cannot be create, in short through blockhcain technology it will give us a big solution in every country, even in the government problems especially in corruption and more. And this is already proven and tested in Japan country and into other countries too.

I can say in this digital era, every transaction gone into caseless so you can send money in digital way.
Bitcoin come as the solution and if we see the value, it means that people love it.
Some country even legalize it because every country must make regulation before try to legalize anything !

gulshan1

full member

Activity: 630

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Bitcoin is running with the totally new blockchain technology for digital currency which is most effecting the money transaction for duly routine. There is no need change the world for bitcoin because every body is likely to bitcoin and it is already doing automatically.

Babyrica0226

sr. member

Activity: 854

Merit: 252

Well before the world need it, I guess we supposed to adopt the blockchain first in the country we lived for. Because without it bitcoin cannot be create, in short through blockhcain technology it will give us a big solution in every country, even in the government problems especially in corruption and more. And this is already proven and tested in Japan country and into other countries too.

johnny508

member

Activity: 139

Merit: 13

Modern world definitely need bitcoin because today many things are digitizing in the common world and quick, efficient and effective payment methods are becoming essential for day to day life for busy people because majority of them make payments online even for daily shopping which makes them vulnerable to hackers and other criminals who seek chances to steal there money and to avoid such things the security that bitcoin can provide is immense and that is why I think bitcoin is a must for the modern world to grow further and make existing things better

Rebisco

full member

Activity: 651

Merit: 103

Quote from: strannik1998187 on December 04, 2018, 12:59:21 PM

As a rule, citizens of Eastern countries and Europeans are interested in purchasing e-currency. For example, in Germany, you can legally buy real estate, paying the seller bitcoins. In Japan, you can have a good dinner in a restaurant, paying the bill with cryptocurrency. This is very convenient, because you do not need to have a lot of time and lose huge interest for the transaction. However, not everyone is in a hurry to spend their savings in this way, which are stored in the form of a digital currency. Most owners of bitcoins who buy coins from miners, deep down hope that the rate will rise unexpectedly and there will be an opportunity to sell crypto currency profitably. This is one way how to earn with bitcoins. Thus, many of those who bought the digital currency as soon as it began to gain popularity, were able to make a fortune.

We need bitcoin for us to have a new payment system. There are many problems in our traditional payment system that are impossible to solve. There are many characteristics of bitcoin that can improve our daily payment system.

Snyderfx2

member

Activity: 351

Merit: 10

Quote from: Zainal-baguz on December 14, 2018, 03:03:48 AM

because bitcoin is one of the digital currencies that we can use for transactions, especially in places that have joined bitcoin. and all matters become easier. enough from home everything is OK

The modern world need bitcoin because bitcoin as a currencies doesn't have any barrier when doing international transactions and there is no need of banks or any other centralized organization to send tokens which reduces the cost of transaction and also speed up the process and that is the main reason why most online shopping sites are considering to combine there core payment systems with bitcoin and this can really help to make future businesses specially online once more effective and efficient

fianaindriati

sr. member

Activity: 700

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Quote from: Dana-pasar on December 15, 2018, 02:39:18 AM

because all technology is now entering a modern era that is all sophisticated, so is the payment that is all fast and easy

because the age has become more sophisticated and, technology is also increasingly developing, making the development of the era grow and we must follow this growing development. because if we do not follow it, our country will miss the times

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