Topic: Why should people use Bitcoin? - page 186. (Read 122103 times)

Easy to use - not for a tech challenged person.
Instant transaction - Not really, block confirmations average 10 minutes, but could take longer. Credit card transactions are instantaneous.
Anonymous - Bitcoin transactions are pseudonymous, not anonymous

Because it is a good turn to the past in the sense that you own your money in your pc, not banks. Reminds me a litte of the time you paid always in cash and bank accounts were not that popular.

Also it is fast and allows for micropayments (tip people for giving advice, good articles in blogs, etc. becamos more doable)

People should use bitcoin because they legitimately want to, yes bitcoin has fantastic features but people must be willing to take initiative about what they see the benefits of bitcoin are. The desire to use bitcoin is the driving factor.

Because it easy to use and instant transaction and also its anonymous..

Bitcoin in born as a currency is only a currency. If a boy born boy cannot be girl (can become only if change radically itself or have mix genes since the birth). In other words, if bitcoin must become or be something else (different from the birth) must change radically its being. Thing this that has not happen yet. Bitcoin is exactly like Satoshi has created it. Did all those explanations because more and more I see that different people to make the savant invent other "professions" and "meanings" for it.

I have heard that bitcoin is a commodity and tried to argument using various references and concepts that can be found very easily in internet. So who want to learn if is commodity or not it would have been enough to do a search in internet, to find the meaning of the two concepts and arrive at the needed conclusion very easy. With few words the conclusion is that if something is commodity must be touched. And everyone can understand very easily that bitcoin is not a commodity because cannot be touched. Who want the total argumentation and have patience can find it doing a search at my posts which can be found at my profile.

Today, for the first time, read that bitcoin is an asset. What else must be heard in this life about bitcoin? But this time the argumentation about this last pearl is even more easy. I have to ask: With which asset can be bought something? And not only in internet but even out of it. Even the everyday bread. With bitcoin is very difficult this last action but not impossible. If the vendor who sell bread is a bitcoiner and had a laptop at the place of work even the bread can be bought easily with bitcoin within seconds or minutes. But what about the asset? Can be bought the bread with an asset? 

Coorect. Plus look at how it grows. You wont need a bank for investments. Plus you wont have that scared moments when you see in the news that your specific bank is bankrupt. Here you handle everything and whatever happen to your money its all in your hands.

One reason is what you've said, because bitcoin is the future money. People should also use bitcoin so they will experience freedom and it is also convenient. They will definitely have a better experience like never before. Bitcoin can also change someone's life, if used correctly because personally it helped me a lot finnancially and educationally.

Because of low transaction fees, and because the money is in your hands, not in a Bank.

So I'm pretty skeptical about what I underlined above, and totally disagree with what I put in bold.

Bitcoin isn't very decentralized, but it provides more decentralization than the central banks (obviously).  I think this problem is just going to get worse as time goes on and the future halvings cause more "at home" miners to stop mining because the cost of them doing it is just way too much than what they are getting out of it.  Doesn't mean that all miners will get out of mining, because a lot of people just enjoy it for a hobby, which there is nothing wrong with that... it's just a very expensive hobby IMO.  I just think the development of big time mining farms that will become the "Apple" or "Microsoft" of mining will be inevitable, because as the difficulty increases and payouts decrease, you have to be able to know how to run miners in the most profitable way in order to gain ROI.

Now with true anonymity, I don't believe that one bit... and it's becoming more clear that's the case every single day.  Like I stated above, people don't just mine to produce their own bitcoins to spend.  Bitcoin is very much pseudonymous, but the privacy and security that bitcoin gives users is declining every day.  If people want to get into bitcoin, they will probably have to go through a 3rd party exchange site, which requires them to link their bank accounts and/or credit cards, which links to them as an individual.  This is not at all anonymous, and people should start realizing this... that's honestly the biggest flaw I see in bitcoin right now

That is the exact thing to say it. Just growing it in your wallet is better than other investments where it takes years just to see the profit of your money. That is why bitcoin is growing lot of buyers now and demands.

I think Bitcoin has many advantages over fiat or normal currencies such as the USD and Payment companies such as Paypal.

Advantages:

= Very low fee to send and receive cash - much cheaper than Paypal or Western Union or SWIFT or TT Payments internationally.
= Decentralized and not really controlled by major governments or finance companies
= Quite Anonymous - You do not have to give all your information to a company to send money.

Disadvantages:

= Takes around 10 minutes for the first confirmation - so the payment is not instant.
= Price Volatility - The price of Bitcoins is much more unstable than say USD. Hopefully this will be more stable
= Unknown - Still not accepted by major companies and there needs to be much more marketing to promote Bitcoin.

These are the things that i can think of for the reasons why Bitcoin may or may not be used.

Is there anything else that you think can be added to advantages or disadvantages?

Easy to use, over the internet and on your mobile phone.
You can make way more profits by just holding bitcoin rather than placing all your money on a savings account.

in my opinion Why should people use Bitcoin because easy use, fast, cheap and Bitcoin provides financial freedom.

I like to use bitcoin because i don't have to use dollar anymore for online shopping.

I came from which dollar is not my local currency. So, bitcoin is very helping.

With bitcoin i can buy anything from anywhere, and fee is very low.

yes still very few shops or merchants that accept bitcoin . as a payments option
it is a problem at this time

Easy, bitcoin is owned by you. No ridiculous limits. If you want to sent all of your money you should be able to do that. Not wait for approvement or a daily cap. Also i prefer the cost.
Sending 0.01 btc cost the same as sending 1000 BTC. and the fee is very very low.

Sure you are anonymous but look at the above, self controll and cost efficient, isn't that enough?

why they dont want to?

bitcoin now is globally well known for its secure and cost free transaction and its fast transaction

maybe for some people, bitcoin is still cant be spend in their country

It's easy to use, the only problem with bitcoin is that it's not accepted everywhere like regular fiat.
Bitcoin has more potential to grow in value compared to other fiats.

Why? Because if you go to other country you need to pay there money and with bitcoin you can just pay with bitcoin.
The fees are also cheap that is why people need to use bitcoin.

when bitcoin its accepted by 70% of countries and governements will be used like water or oxiygen into the money living its like another fiat and as the ability to be more quick and less expencive into trasactions soo its even more powerfull so btc will be the future of digital money and maybe all the cash woult be needed just btc