Bitcoin Forum

It is so perplexing to me that people keep saying "we don't see Bitcoin's killer app yet." This is such a ridiculous statement.

Bitcoin's first killer app is money.

How many new ideas go from a market cap of zero to $4 B in 6 years?!?! Answer: extremely few. If Bitcoin were a startup itself, it would already be well beyond "Unicorn" status.

Of course, the additional applications of Bitcoin and the Blockchain are endless, but it's first killer app is clearly already here, and 4,000,000,000 cash US dollars agree with that.

Bitcoin's killer application is to give a chance to the people of under developed countries to the ban services. What am I talking about?

Well there is more than 3 and a half billion people who don't have a bank account in the world and who don't live anywhere close to the bank. With a simple and cheap phone, with the Bitcoin miracles can be done.

I mean look at Mpesa in Kenya and the success of it. Bitcoin can be next Mpesa, just hundred times bigger!

Yes, there are so many different use cases. All we need is time.

Being able to send value to anywhere in the world without an intermediary is, on its own, more than enough for Bitcoin to succeed.

Of course it's money, those people that are constantly searching for new ways to use the blockchain are underrating it's main use: money. But make no mistake, Bitcoin as in money will take over the world sooner or later, we are on the early days, give it time and it will be clear money was always the #1 use for it.

now that i think about it , i find this very interesting. it is one of the best benefits of bitcoin for those people who either don't have bank account or don't have access to paypal, credit cards which every popular place for example amazon is accepting.

but i don't think it is going to be the killer app , the effect is small on bitcoin in this matter.

I find this extremely interesting in a way to hide our real goals from the bankers. To the bankers we could be saying, fear not us, Bitcoin and banking system can co-exist etc. Just to get over that hurdle with governments and banks.

What will happen later, when we "earn some trust" from governments will happen, but this could be one of the cards to get to the masses.

I hope you people get the message Iam trying to send over.

You really think people will use your ref if you just post it in random sections of the forum without any relevance to the thread?

bitcoins killer app is Bitcoin.


(@Scott J: yes)

Correct. What it will kill is the entire banking industry.

Haha lol. Obviously you haven't payed a close look to that Bitcoin thingy.

Yes, as long as the central bank don't get their hands on m-money in Kenya.

especially having the ability to send those exact money without a scam fee , like you do with the banks, that charge you 20-30 for an abroad transaction

this alone should convince many people to join bitocin, the simple fact that it does not, mean that many don't know about bitcoin or trust too much the banks

i agree with OP bitcoin can sustain itself on what it is based, no need to develop a kill app for it

Well I guess that you know better than Andreas Antonopoulos, a man who specifically markets Bitcoin in this way in his speeches around the world and this is one of his Bitcoin killer features.

I'm not talking specifically about Kenya, Kenya already has its system. I'm talking about other underdeveloped countries of the world.

People's trust in banks will be shaken over time; capital controls and depositor haircuts will incentivise people to seek out alternatives.

Bitcoin will be waiting patiently :)

^^^

This pliv84, supposed newbie, has it.  Keep an eye on pliv84 ;)   

You put it better than I did:

http://frass.woodcoin.org/bitcoins-killer-app/

Lol. Thanks Funkenstein  :)

Yeah, because it's easy to keep a BTCs safe in a mud hut shared by 20 in one room in Africa. Trezor?

Or for the unbanked in India living in on or next to a dump as in Dump Millionaire.... fighting for every piece of bread... keeping btcs safe will be a breeze...

NOT.....

We need ways to keep btcs safe.... easily... and safely....

Satoshi made the first major innovation... now someone needs to make it useful for the masses.

When hyperinflation starts in the US, nobody will give a fuck about the dollar, and even the Feds will migrate to bitcoin.

https://i.imgur.com/CXzfHTC.jpg

IMO the killer app will be gambling or trading related, utilizing bitcoins unique ability to skirt laws and regulations.

Give it time my friend, give it time. Can you remember the first computer? Now compare i5 with the current technology.

Bitcoin is still very young and time is needed to build trust and to develop and simplify this amazing tech.

All you need at the moment is a cheap android phine and you can already be your own bank. For some corners of the world this is still to much, but this will also simplify as time is passing.

Your spot on, bitcoin 1.0 is the most exciting thing in cryptocurrency, payments on the internet is the killer app and society is ready for it (unlike most bitcoin 2.0 ideas). I made a post about Ryan X Charles making this exact point on Lets Talk Bitcoin.

https://bitedge.com/blog/bitcoin-1-0-is-the-most-exciting-thing-in-cryptocurrency/

As an American, I'm somewhat worried that anyone with physical bitcoins and/or paper wallets may find themselves getting robbed at gunpoint by government agents when the shit really hits the fan.

When you see hyperinflation begin, get your btc into a brainwallet or similarly invisible form of wealth storage. This is the main reason I've used a brain wallet as primary storage all along.

Tell that to those persons that are opposed to raising the block size and instead raising the minimum fee. The bitcoin they want would be for the rich.

I agree, bitcoin needs to be a chance for many that are forgotten by the current system.

Wait, some people think that rich people will be the ones that have the money? 

Who are these people that keep saying "we don't see Bitcoin's killer app yet"?

I'm only hearing the opposite - and debates about the currency vs. investment role it should play.

Untapped market indeed. Have a family down the block about to lose their house. Why? They send most of the money home to the Philipines.
Ten people all making over $20 and struggling. That community all send as much as they can home. Tap into that and instant boost.

Although there are some billions of people in underdeveloped areas without access to Bitcoin, there are also billions of people in underdeveloped areas with access to Bitcoin. The effects have already taken place- people living in South America, India, Indonesia, etc., all enjoy wages far more than what they would typically earn in their countries just by participating on this forums. In my opinion, THAT is the "killer app" for Bitcoin.