Topic: Why do we really need Bitcoin? - page 47. (Read 3872 times)
In my own experience, I really like to used bitcoin because i can pay bills not going out to go to malls. just using my wallet i can pay my electric bill and water bill super less hussle. Bitcoin also help me to have a stay at home work. We all know that bitcoin is risky but im willing to take a risk for better future just think some strategies on how you will double your profit.
Inflation, unbanked, capital controls, bank fees...your welcome
great answer. Mostly of the answer here is involved with the money and i think mostly of us really in needs of money that why we do have to work hard to own a bitcoin now in your case i think you are rich or not needing a bitcoin but just really into the bitcoins transactions of payments and other stuffs. As my self i really need a bitcoin to supply the needs of my self and in my family because my job salary is not enough for my self so i do need to work hard in bitcoin so that i could really get bitcoin to spend for my self and my family
because bitcoin changed our life , i do not have to think so much about work.
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.
i need bitcoin for my daily life and also i really need bitcoin not for me also for my family future that's why i really need bitcoin.for the better future and for the better life.
bitcoin is the first and the beginer of cryptocurrencies, it represent for whole cryptocurrencies on the world, so bitcoin has become a very valueable symbol for all cryptocurrencies, also the benefits of bitcoin based blockchain technology has open a new door to an advanced world, potential of blockchain technology is too big that we still be able to apply all in bitcoin, so we need bitcoin to develope more in the way to better future.
Inflation, unbanked, capital controls, bank fees...your welcome
To save our future and for our family and kids we definitely needs bitcoin. It will be worth way too high in next coming years. So its better to grab it right now.
Well, for me it isn't a need but something that we want. We can live even we don't have what we want but we can't live for everything that is a must need like food and shelter. If you ever study economics you can find good answer of it, and some other that confused you about the needs and wants of an individual.
I can say that because of our unlimited wants we want more not just bitcoin but other cryptocurrency too. Wants increases every time if we see other individuals have it. We can't deny this fact.
I can say that because of our unlimited wants we want more not just bitcoin but other cryptocurrency too. Wants increases every time if we see other individuals have it. We can't deny this fact.
I think more users bitcoin actually do not need bitcoin, they use bitcoin just for invest or trading for get profit. Maybe with more marchan or country make bitcoin legal will more much people will need bitcoin
I love bitcoins, bitcoin was created by the decentralised currency. Bitcoin needs our so i like the bitcoin. Bitcoin is none organisational and a non governmental currency. His prices day by day increased at a very high speed so for. I think bitcoin is created better life then yesterday.
It's not really "what i need" but it's what i want since through bitcoin, you can earn big profit because its already been tested because of its market price volatility. Aside from that, bitcoin is also a long term hold that can give you a big profit as bitcoin is known for its dominance in the cryptoworld.
At its core, bitcoin is a smart currency designed by very forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions... all good things. We see bitcoin as potentially the greatest social network of all.
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.
Hey op, ever heard of google? Type in google.com lol.
Yes, itay not be able to give you information on who really is/are behind this great technology call bitcoin but, it cam surely give you anlot of useful information about bitcoins amd the whole crypto world as a whole. Just don't get too lazy to search for more than one source to make sure sure you get the right info.
And, yah, we don't need bitcoin. We just wamt it. Either for profits, for the innovation, or for its rich history and great ideologies.
No one really needs to buy bitcoin IMO. It's not a necessity but rather a want or a luxury (whatever you call it) that a person could buy in order to experience financial freedom and avoid the watchful eye of the government and the banks when it comes to one's spending habits. Tbh there's not much places you can spend your bitcoins with so why would you need it when you can still use your fiat that's still being widely accepted as a currency? If you're looking for investment, bitcoin can also be a good one but remember that you don't need to invest in every fad that goes viral--especially if you haven't studied them well enough.
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Probably, most of the people involved surely need bitcoin as this had helped them in many ways like earn profit from their investment. Primarily, bitcoin is something that is a source of income for others and because of its popularity it has gained more support all throughout the world.
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Probably, most of the people involved surely need bitcoin as this had helped them in many ways like earn profit from their investment. Primarily, bitcoin is something that is a source of income for others and because of its popularity it has gained more support all throughout the world.
No one really needs to buy bitcoin IMO. It's not a necessity but rather a want or a luxury (whatever you call it) that a person could buy in order to experience financial freedom and avoid the watchful eye of the government and the banks when it comes to one's spending habits. Tbh there's not much places you can spend your bitcoins with so why would you need it when you can still use your fiat that's still being widely accepted as a currency? If you're looking for investment, bitcoin can also be a good one but remember that you don't need to invest in every fad that goes viral--especially if you haven't studied them well enough.
Maybe it's just a new currency to replace the dollar only in electronic form. Bitcoin is a lottery, you shouldn't use the money you need to pay your bills and buy food to bet in the lottery right? Bitcoin is kinda the same thing. People should invest money that in case they lost it wouldn't be a big deal you know? It's a long-term investment, however, it's a bet. You can win a lot or you can lose a lot too. Are you brave enough to deal with this risk?
In every step everybody needs money. We need bitcoin because it helps me how to earn profit within short time.
In every step everybody needs money. We need bitcoin because it helps me how to earn profit within short time.
Bitcoin was created by an individual or an organization going by the name Satoshi Nakamoto. The identity behind this name remains unknown, although various hypotheses have been put forward (see e.g. https://en.wikipedia.org/wiki/Satoshi_Nakamoto).
Bitcoin was created to be a decentralized digital currency. As per the white paper (https://bitcoin.org/bitcoin.pdf):
Moreover, in the so-called genesis block, Nakamoto included the following message:
This suggests that Nakamoto thought that the current monetary system was problematic not just because of how transactions work, but because of how banking works.
The current monetary system is based on so-called fiat money, issued by a central bank. This money can be "printed" at will, if it is deemed to be economically beneficial to do so. One problem is that that this punishes savers, by reducing the purchasing power of their savings. In Bitcoin, new money is also issued, namely through the mining process. However, the total number of Bitcoins is capped at 21 million. Moreover, the issuance is predictable, known by all parties, and incentivizes work done to protect the integrity of the Bitcoin transaction ledger (blockchain).
For these reasons, a digital currency like bitcoin could be good for ordinary people.
Bitcoin was created to be a decentralized digital currency. As per the white paper (https://bitcoin.org/bitcoin.pdf):
Quote
Commerce on the Internet has come to rely almost exclusively on financial institutions serving as
trusted third parties to process electronic payments.
...
What is needed is an electronic payment system based on cryptographic proof instead of trust,
allowing any two willing parties to transact directly with each other without the need for a trusted
third party. Transactions that are computationally impractical to reverse would protect sellers
from fraud, and routine escrow mechanisms could easily be implemented to protect buyers. In
this paper, we propose a solution to the double-spending problem using a peer-to-peer distributed
timestamp server to generate computational proof of the chronological order of transactions.
trusted third parties to process electronic payments.
...
What is needed is an electronic payment system based on cryptographic proof instead of trust,
allowing any two willing parties to transact directly with each other without the need for a trusted
third party. Transactions that are computationally impractical to reverse would protect sellers
from fraud, and routine escrow mechanisms could easily be implemented to protect buyers. In
this paper, we propose a solution to the double-spending problem using a peer-to-peer distributed
timestamp server to generate computational proof of the chronological order of transactions.
Moreover, in the so-called genesis block, Nakamoto included the following message:
Quote
The Times 03/Jan/2009 Chancellor on brink of second bailout for banks
This suggests that Nakamoto thought that the current monetary system was problematic not just because of how transactions work, but because of how banking works.
The current monetary system is based on so-called fiat money, issued by a central bank. This money can be "printed" at will, if it is deemed to be economically beneficial to do so. One problem is that that this punishes savers, by reducing the purchasing power of their savings. In Bitcoin, new money is also issued, namely through the mining process. However, the total number of Bitcoins is capped at 21 million. Moreover, the issuance is predictable, known by all parties, and incentivizes work done to protect the integrity of the Bitcoin transaction ledger (blockchain).
For these reasons, a digital currency like bitcoin could be good for ordinary people.
I think bitcoin was created to make our lives better than yesterday in this system. Actually, we really don't need bitcoin for buying our needs because bitcoin has been developed because the value increase fastly.
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.
A question that I have to answer for my master's thesis. I have read many interesting ideas under this post so far.
Your thoughts will be helpful. Thank Y'all
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.
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