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Topic: Why do we really need Bitcoin? - page 16. (Read 3872 times)

full member
Activity: 343
Merit: 100
March 18, 2018, 02:28:52 PM
What will happen? Many people will again be out of work. Maybe someone will invent something new and in a couple of years they will forget about bitcoin. But this is only about crypto-currencies, and not about their technology.
full member
Activity: 324
Merit: 100
March 18, 2018, 02:03:49 PM
We do not know what the developer is after and what thoughts he has in his head, but this is his right to remain unnoticed in this insane world. But I agree that it would be interesting to know who he is while he is alive.
This person or group of people may have other developments that can benefit humanity. Or maybe they are travelers from the future who help us to develop.
full member
Activity: 286
Merit: 100
March 18, 2018, 02:03:05 PM
We do not know what the developer is after and what thoughts he has in his head, but this is his right to remain unnoticed in this insane world. But I agree that it would be interesting to know who he is while he is alive.
full member
Activity: 324
Merit: 100
March 18, 2018, 02:02:30 PM
I heard that bitcoin was created for criminal cases. They say that in this way they paid weapons, drugs and other dangerous substances.
This is not a proven fact. No one ever bothers you with the fact that he used for this purpose a crypto currency
But in real life, no one confesses to you that he is a smuggler or a terrorist.
But then one can not say exactly about any fact that has no evidence.
These are just rumors. I'm not saying that I believe them. I just share information. Just hiding the developer's name of such a popular technology is stupid otherwise.
full member
Activity: 286
Merit: 100
March 18, 2018, 02:01:58 PM
I heard that bitcoin was created for criminal cases. They say that in this way they paid weapons, drugs and other dangerous substances.
This is not a proven fact. No one ever bothers you with the fact that he used for this purpose a crypto currency
But in real life, no one confesses to you that he is a smuggler or a terrorist.
But then one can not say exactly about any fact that has no evidence.
full member
Activity: 324
Merit: 100
March 18, 2018, 02:01:10 PM
I heard that bitcoin was created for criminal cases. They say that in this way they paid weapons, drugs and other dangerous substances.
This is not a proven fact. No one ever bothers you with the fact that he used for this purpose a crypto currency
But in real life, no one confesses to you that he is a smuggler or a terrorist.
full member
Activity: 286
Merit: 100
March 18, 2018, 02:00:45 PM
I heard that bitcoin was created for criminal cases. They say that in this way they paid weapons, drugs and other dangerous substances.
This is not a proven fact. No one ever bothers you with the fact that he used for this purpose a crypto currency
full member
Activity: 324
Merit: 100
March 18, 2018, 02:00:13 PM
I heard that bitcoin was created for criminal cases. They say that in this way they paid weapons, drugs and other dangerous substances.
full member
Activity: 286
Merit: 100
March 18, 2018, 01:59:45 PM
Bitcoin is not just a crypto currency. This is technology. Technology can be used throughout the world in completely different areas of activity.
hero member
Activity: 868
Merit: 535
March 18, 2018, 01:23:51 PM
True. There is no dire need of Bitcoin to date. People have all the prerogative to decide for themselves as to whether they will invest in Bitcoin. The thing is, investors are more often than not willing to take more risks than the usual average joe. Hence, they venture into new things they get themselves acquainted with just because they believe putting money to such endeavor will increase their wealth. That is why on these investors' point of view, they always feel the need for investing in all things powerful and influential. You see, the 'need' here is very much subjective, contrary to its definition in the dictionary. 
newbie
Activity: 84
Merit: 0
March 18, 2018, 01:12:56 PM
We need Bitcoin to have competition on currency system since before only Fiat is acknowledged as currency and money or Fiat is the only one cycling on the globe, but today since we are in digital world,.we need digital money,  and Bitcoin can help us on our digital way of living by using it on our online transactions...
full member
Activity: 672
Merit: 176
March 18, 2018, 01:02:04 PM
Recently, more and more I have been interested in the question of why Bitcoin was created. Who created it and for what purposes. After all, clearly there are people who control bitokoyn, well, that is - own a very significant amount Bitkoyn. Maybe it's just a new currency to replace the dollar only in electronic form. Until now, nothing is known about the creators of Bitokin. Why we need crypto-currencies, if on the idea you can use the same transfers of money cherz different banks. What happens if bitcoin collapses? Do not judge me strictly, it's just that these thoughts have visited me more and more often lately.
  Each person has his own idea of ​​the need for bitcoin for him. Someone who plays and wins, someone needs capital and he bought bitcoin and waits for better times, for whom that bitcoin is just a necessity and a stream of information. So everyone has their own reason to keep or buy bitcoin.
jr. member
Activity: 162
Merit: 1
March 18, 2018, 11:35:48 AM
We need Bitcoin as we innovate our financial systems to be more efficient and also to provide a means where in the people will feel safe and eager to earn, save, trade and invest for their future. Currently, a lot of people including me needs Bitcoin because it is a great source of our income to provide better for our family's needs and wants, it helps us pay our daily needs, debts, bills and everything that we used to have struggled with.Thank God for Bitcoin.
sr. member
Activity: 1274
Merit: 293
March 18, 2018, 11:28:23 AM
Recently, more and more I have been interested in the question of why Bitcoin was created. Who created it and for what purposes. After all, clearly there are people who control bitokoyn, well, that is - own a very significant amount Bitkoyn. Maybe it's just a new currency to replace the dollar only in electronic form. Until now, nothing is known about the creators of Bitokin. Why we need crypto-currencies, if on the idea you can use the same transfers of money cherz different banks. What happens if bitcoin collapses? Do not judge me strictly, it's just that these thoughts have visited me more and more often lately.
We need bitcoin because this will help us in many things that other things cannot do and make our lives more better than before. Bitcoin gives us an opportunity to become more wealthy and have some profit to use in many ways.
full member
Activity: 280
Merit: 101
March 18, 2018, 11:23:02 AM
I think we really need bitcoin because it's a good source of income. Bitcoin allows us to improve our living conditions. So I always believe in it, and bitcoin is very useful for everyone.
full member
Activity: 378
Merit: 100
March 18, 2018, 11:18:19 AM
Bitcoin is not just about the pumps and inflation and profits for me. I have a huge problem with banks and centralized currency structures. I don't like that an organization can dictate how my hard-earned money is used, and that it's often used to create 10x the value in the forms of loans. And most importantly, I HATE that fiat banks operate utilizing a private ledger. Banks are rarely held accountable, and as many restrictions and guidelines are required to operate a bank, if everyone were to cash in their notes and balances at one time, there is absolutely no way that these banks are holding enough liquid assets to cover the ledger that they're holding for the entirety of its customers.

Bitcoin and cryptocurrency, on the other hand, is decentralized and operate on a public ledger. The payments and transactions operate (for the most part) on a P2P (peer-to-peer) basis, and doesn't require a centralized organization to share the currency. Every transaction is recorded publicly. You cannot duplicate a Bitcoin, and you cannot create a loan value of 10x (like the banks do) because of the nature of the technology behind it.

So when you ask why we really need Bitcoin... It's because we need it to pave the way for the future of currency. In the near future the majority of currency will officially become digital (most of it currently is already, just not "officially"), and the blockchain will be at the forefront of technology when it comes to how our future digital currency is created. Bitcoin itself may not be the future, but the technology behind it is enough to advance and correct the very discrepancies that we have with our current fiat currencies.

 There are peoples who are like this, and we can't make them like the banks or other financial institutions. We can't blame them if they'll find a substitute or other things that will keep their money growing or stable and safe.

We need Bitcoin to fulfill the financial institutions lacking ability. Bitcoin is here for people, and people is here for bitcoin.
full member
Activity: 266
Merit: 101
The Experience Layer of the Decentralized Internet
March 18, 2018, 11:15:08 AM
Everybody uses bitcoin because of its benefits. It has many advantages that many people desperately need. When you withdraw money from regular workplaces online, the bank will keep your money for a few days. Similarly, international bank transfers can take quite a long time. Bitcoin transactions, however, are much faster.

Pretty much. Other than that, most of us are fed up with monopoly of banks. How huge their profits are and some of them have like very bad services. Even in my country, there is some limit for your bank account, in case you have more money than the limit (Less then $100k, forgot how much exactly) then the government has the right to check your account. I mean, what the hell Angry
member
Activity: 868
Merit: 63
March 18, 2018, 11:13:54 AM
We need Bitcoin because we need a room for improvements and innovations and with Bitcoin this will replace our current paper money which is less hassle because Bitcoin is accessed through internet and technology which the world is very fond of right now. Also Bitcoin will give you, if you need some assistance in financial matters, Bitcoin is a lot of help and is a very good source of profit if you need some. Almost zero effort will give you money when you invest into Bitcoin.
full member
Activity: 378
Merit: 100
March 18, 2018, 11:13:20 AM

In addition to bitcoin, the Altcoins are now showing good returns, which are in the top 30 by capitalization. I think it makes sense to buy cheap coins, which in a short time can easily grow in 10, and more times, this is much more profitable than buying bitcoin.
Indeed, investing in other currencies can be more profitable when investing in bitcoins. You can buy ETH, litecoin, ripper ...
hero member
Activity: 867
Merit: 522
March 18, 2018, 11:10:04 AM
there is no question why do we need bitcoin we need bitcoin for everything it is a currency and you need currency for every step.
Not inflation. This is a big advantage of bitcoin. Only 21 million will be created according to the original specifications. This means that after that, the number of bitcoins will not increase, so inflation will not be a problem. so you need bitcoin
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