Bitcoin Forum

For you which could be the most important impact that bitcoin have made, will make or has been making to our society?

a smple and fast paymenet. cool

Bitcoin. It's remarkable to the fact it allows you to send money to someone anywhere in the world, in real time, minimal fee, without any third party. So in terms of the transferability, it's revolutionary.

The freedom to spend your own money without the governments and banks bugging you about it. Also, a new fast and secure way to send money in grwat distances within minutes without having to pay large fees for intermediary processors.

for decades people have thought only banks can control an economy and that anyone making their own currency would be put in prison.

for decades people have thought the only option to store value or trade for investments was through banks and wall street institutions.

but now people can make their own currency, as a local village economy, as a business asset (instead of shares), to take funds across the world without caring about the $10k limit. to purchase something with deflation without worrying about needing a gold vault or pay rent to security firms.

people are now realising their reliance on banks is not so required as they thought

the biggest impact is removing the control from the government and give it completely to the people, it will be fun to see how the government will react once bitcoin will suppress their fiat system

The freedom to do what you want with your own money is also which is one of the more important aspects of Bitcoin for me. It feels amazing to own something that can change the financial sector.

To be frank it really hasn't made much of a positive impact maybe for some but majority I don't think it has.  It may in the future, but what do you expect? 

It's changing finance. Plain and simple. You can see all over the financial world is starting to wake up to the news. It's being r fledged in the price already.
I guess the banks have found some other way to game the system and are starting to just do the business end of their job properly

The architecture of bitcoin system. this is revolution of money.

Most important impact that bitcoin have made?
- Making the whole transactions anonymous and also very minimal fee  / Full control for the user  / No such restrictions base on eligibility of countries for it's use  /  Already as payments on many websites

Will make or has been making to our society?
- Making our life a lot easier upon doing online stuff

I like a lot of stuff about Bitcoin.  One, I like the fact that the payments are quick and easily tracked.  Two I like the fact that you are somewhat anonymous online when using it.

I also like the fact the value changes a lot, and is easy to see what the value is.

The ability to make an overseas transaction in minutes and with negligible cost. That for me is just amazing.

The most amazing thing to me is that Bitcoin exist without a Federal Reserve, or any person or group of people that would decide somewhere out there what will they do with it and in which direction will they push it, like it happens with Fiat currencies worldwide.

Here we have this computer algorithm that runs on many people's computers and gives us this very valuable currency.

Amazing!

Bitcoin is a global currency under no control of any government.Bitcoin can be earned and spend by anyone without going through any lengthy procedures.It has greatly changed the concept of currency altogether

no chargeback.
certified destination.

it's money without the last 100 years problems ...


BONUS : centrals banks can not print money on it.
so, when you work 1 hour for 0,1 BTC ... it's always 0,1 BTC the next year.

or 10 years later ...

For the time being, its greatest impact in my view is opening new money-earning opportunities for people who earn money online. Faucets, forum posting, microjobs, investments etc. have multiplied due to bitcoin.

I think for me it would be easier distribution of wealth through micro payments and also the innovation it brought to the stagnated financial system. We are now seeing lots more innovation in the financial sector, to keep up with the benchmark Bitcoin has set.

It is the revolution age of finance and innovation that goes with that.  ;D

I could probably write an entire book on this subject. To put it simply Bitcoin is trust without centralized authority, which can be extended to many different applications. The consequences of this are extremely profound and far reaching. It can change the world in huge ways, even change the world in ways that we can not even imagine today.

Another way that I like to state this is by saying that money is power and Bitcoin changes the fundamental nature of money and therefore also changes the fundamental nature of power.

The fact you can be your own bank. Never, ever, ever before a currency would allow you to be your own bank with the versatility of Bitcoin. Of course you could have gold bank then, but have fun storing gold around, sending ti all over the world instantly etc. Bitcoin s the *ultimate* form of money. This is a really futuristic approach which is why most people just aren't ready to deal with it.

Bitcoins have certain impacts which are influencing today's world.
Positive impacts ↓↓
(1) Making world cashless-- It online transaction system, no need of physical cash.
(2) Easy money transfer-- Going banks to deposit money is a history now, send money right to your loved ones, sitting at home..!!
Negative impact ↓↓
(1) Makes people less physically active-- Harmful for your health, though!
(2) Carelessness Is harmful--If you lost your device and forgot your PIN, it can become a big problem!! (Except the offline private key backup)

Aside from that, it  opened a new world wherein we can be our own banks without the need for any authority to control our spending. Also put pseudoanonymous spending into account, and bitcoin haa definitely changed the way we view money today.

In few countries where the governments control its currency and prevent it or limit its exchange with the other fiat, bitcoin is a great alternative that can't be controlled or limited  ;)

Gave us the freedom how and what we decide to do with our money. In the future I see it functioning as a full fledge payment option although right now the impact wasn't that great but in the future things will be very much improved.

With Bitcoin, banking is an option, not a must when we want to transfer money, save money. It will reduce the total financial costs.

The biggest impact is the small fee when transfering large sums of Bitcoins(money).

Fast payments, secure account and a developing future for bitcoins. That is the probable future

Government will not control our personal spending. It is not its intention or task. It just wants to extract tax from us and spend at its own will. When we are paid with bitcoin, as it is more traceable than cash, it can tax us more effectively. We will end up paying more tax.

The most amazing thing about the technology behind bitcoin is its potential to include less fortunate people in parts of the world that do not have access to centralized banking systems.  The technology has the potential to stop oppressive banking and labor practices and that is revolutionary in and of itself.

Reliable and fast payments,easy to use,easy to transfer and send,that are some of the bitcoin's best qualities that really stand out.

Bitcoin has already started to impact world financial system. Banks are thinking to implement blockchain technology. Lots of countries government already started to get fear from bitcoin because they will be unable to track financial transaction and get tax from those.

But for people like us, bitcoin is a way of freedom to do financial transaction with low fee, I think bitcoin will never die and it will keep other forcing to adapt it.

I should think, the biggest impact it has made, was to introduce a more reliable direct person to person payment method for online transactions. The traditional online payment

methods are all centralized and not suitable for the internet anymore. Bitcoin has made eCommerce more streamlined with the introduction of micro payments and direct transfer

between buyers and sellers of services and goods. Bitcoin is cheap and decentralized and for that reason more effective for online use.  ;)

Bitcoin absolutely revolutionised payment methods when it hit the market. A fast and secure way of paying online. And people definitely like it as the demand for Bitcoin has been increasing, hence the fact the price of Bitcoin is rising. It is definitely making a positive impact on society.

Decentralisation. Unlike most other online payment methods, users doesn't have to trust any third party when making payments and thus reduce the chances of it getting frozen. It also give the idea of storing verifiable data on a public ledger and gave many companies the idea of using blockchain for storing stuff.

We might recognize in the future that bitcoin's biggest impact in the current years has been to slowly enter people's minds as a safe haven alternative; one which is immunized against governments (taxes, embargoes, border controls, capital controls, surveillance ...), etc.
It might suddenly go viral at some major government move or economic crisis.

Being boss over your own money has made the biggest impact on me personally. That's why I love Bitcoin so much. I don't have to let third parties take control over my money and hope they don't mess up. Because you simply don't know if they will mess up. It's a scary thought that your money is not in your control.

The blockchain technology as well. It has made banks, governments and others aware of the fact that their current systems are old fashion compared to the blockchain. They are testing and will probably replace their old systems once they feel 100% comfortable to do so.

It has impact in online industry. They can buy anything available online , transfer bitcoin(money) to another person. They can do that all without knowing their identity and without using physical money.

it will have a bigger impact than the internet. what is more powerful than money?
(and it is even more than "just" money)

IMO, Bitcoin has largely allowed users to use their coins without restrictions or getting it frozen. It countered the effort of governments to try to freeze the money of it's citizen. It also allowed near instant settlement which is great for goods, compared to other reversible methods.

Bitcoin is going to make a big impact in our lives especially in technology and economic

As you can see now is very easy to do global transaction through bitcoin and to set up bitcoin wallet is even easier..so in future bitcoin can becone one of the world currency

Being able to move money transnationally without reporting anywhere still blows my mind. I mean we can send 1 peny or 1 billion dollars right now to tokyo, malli or some place in a remote island. It's insane.

Bitcoin made someone who still study in school can look for some money by them self

most important impact from bitcoin is :
- future payment,never been easy to make payment and register the account for global payment,just bitcoin can do that
- low fee,there is nothing payment who have very small fee transaction like bitcoin.

As long as people don't know the addresses that you use, are connected to you, then there is nothing to worry about. Then it's nearly fully anonymous.

bitcoin have impact to financial system,and bitcoin also born as new thing for investement,on past time,we just know gold,silver or property for investement,but bitcoin come with new hope and new way to invest money to unstable thing.

Blockchain technology is revolutionary, though I can't honestly say I understand it all.  Cryptography/math is not my background.

And I have to say, bitcoin has made a huge impact on dark markets.  I'm somewhat of a libertarian when it comes to drugs and I think they should more or less be legalized and that users of drugs should stay out of jail (as long as they're not commiting other crimes).  So any way to pay for drugs that keeps the user away from the law I'm down with.  The other stuff in the dark markets can go suck a dick.

Returning the power to the people as some years ago when we havent those banks instituitions and the governments werent controling every transaction made,would be amazing to see how countries will keep paying a high salary to those idiots that rule the governments and steall the money from the people.

You can use bitcoins even if your government is a dick and censors everything and doesn't allow you to transfer your local currency into foreign "hard" cash. A good example is China and many people in China are starting to adopt bitcoin because they want to have some freedom and liberty and convert their otherwise useless savings into hard foreign currencies that everyone wants.

Bit coin already making hisa waynyonimoact our social life, as we can see now many stores already procide bitcoin payment and some of the big company is preparing all the infrastructure for bitcoin usage

Bitcoin is the best bank i had my money to lend or do any investment i wanna and the % that i can take from bitcoin investment against banks or others projects are very very away like 1 to 100% difference,soo im my own bank i pay my bills with fiat ,but one day i will pay the same bills with a discount bitcoin can make that happen.

With Bitcoin you can prove how you receive and spend your money. Banks sometimes lose wires, but you can't lose a Bitcoin transaction. You don't have to trust a bank to send you your money, or risk the bank losing it when you use Bitcoin.

The biggest and most un-expected impact that bitcoin has done is to show that fiat money doesn't have to be used at all. It's an amazing and shocking
thing for an average Joe to grasp, and as soon as they accept how that is true, bitcoin will start posing a real threat to today's 1% privileged.
How bigger of an impact can there be, than to realize that everything you believed was a well thought lie ?

Well I wouldn't say that Bitcoin would pose a threat to the 1% privileged. As long as there is a government to back the use of fiat, there will always people willing to accept it and spend it.

We never know, however. Bitcoin could already be under the watchful eye of large-income individuals, and they might be some of the people driving the price increase recently.

The average Joe is shocked, however, I agree with you on that. They seem to have such a hard time believing that such a thing can exist that isn't a depreciating number.

Bitcoin is the currency that has shown how great the blockchain technology really is.

Bitcoin showed all that we are wasting money ,the banks were the first ones to see those with blockhain ,the waste of money they do to transfer money,soo besides  low fees and high security bitcoin is the revolution .

It's cool not having to depend on a bank or any corporate business. I can control what I do with it and when to withdraw and when to start saving and how much. There's not limit to what you can do with bitcoin.

the way that we can do an instant transaction anywhere and everywhere

Bitcoin has impacted more than some people realize.  First they offered a form of currency that is easy to use and can not be hacked.  Next, the US IRS has declared Bitcoin an asset and not currency, so there are less taxes to be paid on certain trades and profits.  There are so many impacts it has made and the largest is that against all odds and all governments shunning this as a currency, this virtual digital good is worth more than most precious metals!!

Bitcoin must be a revolution in financial world as well as in technology. The impact of bitcoin invention are unimaginable in online transaction and investment returns. These impacts and surprises are highly expected to be continuing till bitcoin find a stable price.

Sure its amazing to have full control of your money without need to ask banks to let you witdraw your funds ,they take a fee from your money that they lend to others,then ask for some days to be able to withdraw big ammounts like 10k dollars ,bitcoin can moove milion into anywhere.

Be your own bank

Bitcoin has a great impact to the society. It allows options for trading thus creating employment. With high level of employed persons in the society, their living standards will be highly improved. People will have a reliable source of income that can help them make purchase of the daily needed commodities. A poverty free society is the best ever. I also believe that the economy will be improved if the bitcoins are used to the maximum of their potential. The positives just outweighs the negative impacts.

But if you save bitcoin until million dollars in bitcoin wallet, it is not safely. Hackers and cracker can detect your own wallet and maybe will steal your money. So better have more then one wallet to save a lot amount of bitcoin.

Mass adoption of bitcoin can force many financial institutions to make overhauling to their over all system.It can force money processors to lower their fee.Global monetary market will be severly effected by bitcoin

Too many good bitcoin impact for our society.First is easy bank anywhere and easy money transfer.Fast payments on every online shops.Bitcoin can be a home based works for many people out there.Using bitcoin you dont have to pay big amount of taxes,all transactions is almost tax free cause of its very cheap transaction fees

the impact that bitcoin have made to me makes me have a more salary. make more easy to transfer and make a transaction or other.

the worst impact that bitcoin have made is to bank, it's will make decrease their customer or users,

Nice thread :) never see before. For me personally on the community impact. with bitcoin I so rarely socialize. But for global bitcoin make welfare increases because a lot of people using bitcoin with increasingly rising prices. thank you

I think that much of the impact bitcoin is having on global affairs is not being covered....It's not being covered because it is developing on a scale too grand to be quantified with reasonable certainty.  Recent developments in analytics in conjunction with information gathered from farming social networks is producing overwhelming details about the inherent prospects of a globally connected world.  Bitcoin's network is more powerful and influencial than what's being admitted....It has an enormous potential to do good but it also has a tremendous aptitude to be disruptive....Let us understand it because what we do with it is our responsibility alone.

    It is released exclusively via the Internet, without the mediation of any bank, state or a central financial institution. The nature of digital currency makes impossible the manipulation, as it acquires value through the disposal of users to deal with them. In other words first time in human history people has absolute freedom to do anything they want with their money

Bitcoin affect a lot of people life as the ability of bitcoin replace many services that usually we do through banks system.
Decentralized system bitcoin remain as a major differentiators compare to any other currency system which could lead to harm people due to inflation and the value going down.

Bitcoin had making impact will make us close to our society, you will try to introduce bitcoin to anyone you know, trying to get referral by invite them to exchanger or some site that will make you get extra income and also you has help anyone to get money.

And 99% of the time that income isn't worth anything unless you have literally dozens to hundreds of people slaving away at the same thing constantly.

Getting extra money is fine, but referrals blow a lot of the time and I wouldn't put time into it.

   It's to early to say something about bitcoin impact on society and world generally. There is great individual stories, bitcoin made many people rich already and many others are earning good money. Bigger impact will come in future, I see that bitcoin is still in faze of mass adoption.
   

True but I want to add that in the past national currencies existed but local currencies existed too, in fact there were a lot of local currencies in the world, banks did a good job destroying all the competition until the arrival of bitcoin.

I agree on you ,it is very safe ifyou have a lot of wallet so that you can distribute your money for security purposes if incase your account will be hack by someone or your password is been cracked then it is a big problem. Well the disadvantages is you can be confuse on the accounts and your password

Actually bitcoin gives a very big impact to the people nowadays. Because bitcoin is the best form of money i've ever seen in the history of civilization. And over the past years, bitcoin has been gaining significant impact throughout the world. Bitcoin change the global economy. Bitcoin is remarkable where it allows me to send money to anyone anywhere in the world, it is free without any party.

It is actually funny that this slogan is used by one of the biggest online wallet providers Blockchain.info - Be your own bank, so we can store your bitcoins for you.

We don't see any radical changes here. Bitcoin with its market cap of $12 billion is not exactly a major player of global economy, not yet.
Sending money though Bitcoin network is not the best argument - with PayPal you can do the same - unfortunately most people don't care about 3rd party factor if transaction is free.

If Bitcoin starts being accepted in a large number of places, and if most people adapt to it, this can happen. But I would not say it will happen soon. The adoption of a technology like this, by the majority of the population, can take many years, maybe decades...

bitcoin might become popular in the future and will be used worldwide but i don't think banks become useless as there are still fiat in the future as well and bitcoin will still be a cryptocurrency and will never be the same as fiat. but yes if bitcoin will be adopted by most of the local stores bitcoin will be mostly used.

This is only possible if it is massively adopted globally. Bitcoin can force the hands of the banks to adopt to what bitcoin is doing in order not to be out power by it. But at this moment, it is yet to make an impact to financial institutions. The users of bitcoin is too small to be noticed by the banks.

I think the best impact that Bitcoin trigger me so much is when doing money transfer to someone important to you, Why I said that? It is because anywhere in the world you can send money without any hassle moment/hassle free just you have an online loptop or cellphone you/we can do it at once.

There's no external interference whatsoever when it comes to sending or receiving money, it's fast and transparent and anonymous and also secure at the same time. Earning and spending it easier as it's a hassle free process. It's pioneer in the history of decentralized currencies be it fiat or digital one.

There's none because we are decentralized and not outside parties can interfere our transaction. Unlike transacting in a government regulated online payment processor they can reverse any transaction when proven suspicious or anomalous. With bitcoin, there's no restriction at all and that is the great for all of us.

that is not a restriction, it is a feature and in fact it is a good feature too. we have all seen scammers online and in many cases having the option to do a charge back is good for customers. you should always see things from two point of view (the customer and the merchant) and having that reversal option is favorable for customers in case they encounter any problems with the merchant.

No restriction if it's direct, what if people use exchanges services? It's not different from being a non decentralized.

And besides how come you say that government or whatever else online processor that has being centralized by the government are proven suspicious? So you mean all the government officials are all corrupt? Majority yes but it's not as everyone thins that "ALL" are fraud. It's not like that since at least a single official will condone that activity and therefore it can bring up a support from lower house or something like that. Plus take note also of the staff members of the said company that is employed on those online payment processor, are they all fraud and one is kind?

Why in the world will those online payment processor still alive today even they are proven suspicious according to your view? Please explain it more as this statement is totally a crap. How come you have a poor regulations of money transfer in your country.

In my opinion the main impact that is given by the Bitcoin is world-wide transaction and deal with 0% tax .
So I think still it is a big thing that is in the existence by Bitcoin But may be new things come in the future .

Bitcoin still hasn`t any impact over the society.

The bitcoin community is still very small. :(

Bitcoin will have some huge impact in the future for sure. ;D

well you can't say it didn't have any impact. Since a lot of people are using bitcoin, governments banning it, people investing into it,etc.. that must be an impact, even if it's a small one, still an impact. :D Also, the userbase  of bitcoin is growing day by day and slowly making bigger and bigger impact

In terms of it's impact in society, I think it being decentralized is the one that will impact the society most. With it being impact, their money cannot be restricted by the government and that's why many of those who do transaction in deepweb use bitcoin. It being easy to use and to send and receive might make an impact in the society and it's volatility since it is what makes it worth investing for everyone.

I think the biggest potential use for Bitcoin would be to be able to store funds in case of devaluation of your national currency or other measures imposed by the government.

Just look at India, where people are massively turning to Bitcoin after their government banned certain bank notes.

This happens rarely on which users will know about it, but in my view one of the best impact is every user having his own wallet without any others making changes or controlling it. We the user only has the access unlike other bank account.

I'm curious if their government now chose to cancel that decision, would people returned to fiat? Or even more people would switch to Bitcoin? On the flip side, though, the population of India is well over a billion of people. If only a small percentage of them actually turned to Bitcoin and that would be for real, the price would skyrocket in less than no time. But we don't see that happening, the price seems to be moving in the $700-750 range for a long time already...

Thereby, the number of people turning to Bitcoin in India is in fact not that large

Its making cashless more secured than ever, that to in its decentralised form.its making people more active online and it's really keeping people on it's toes to learn more and more. It's the best Bitcoin, they are helping people to do more charity also.

Yeah it will takes many generations for people to begin using and accepting bitcoin because fiat money still plays a key role in most people's lives and it's still the factor which influences a country's growth. So it's quite difficult for bitcoin to take over the place of fiat currency in just a few years like right now, I hope this would change sooner or later.

I don't think banks will allow bitcoin to replace them so easily. But in order for that to happen a large, large number of people must adopt bitcoin and then in a few generations, banks would be somewhat obsolete. 

Banks are still needed because bitcoin is just digital currency online.. for me it is still not safe if we save our money in bitcoin.. so banks still more safe and i think any people who are holding a large money i think they will choose safety places like banks..

I don't see any people help for charity via bitcoin but few weeks before I noticed the thread where school accepting bitcoins as the fees. However donation link  is here in the forum, if you have enough btc you can provide there;)

If it ever comes to that (which could be loosely dubbed as Bitcoin replacing banks), banks will start using Bitcoin themselves. If ordinary people can earn profits through Bitcoin, why banks can't do the same? I guess they could earn even more since they certainly have experience and tools required for running Bitcoin in a big way. But that doesn't mean that they will care for it, they will throw it away as soon as it is no longer profitable for them...

And they may greatly contribute to that themselves

bitcoin have a considerable impact, in fact it could reduce unemployment that exist in the country. Well, bitcoin has the potential to create an unemployment have a business, or income, and even it can affect the way others view transaction tool. Well, for me bitcoin really make a meaningful impact. made me a lot of money, even when I'm working

Of course banks will, some already have discovered bitcoin as an opportunity to make profit.
Ther is already a fond in Switzerland that is based on bitcoin. But bitcoin simply has not the capabiltys to replace banks.
Banks are more than just a flow of money. They offer services, consultings and many other things. Bitcoin can't do that.

I think the most impact would be in the financial system especially in banking system.  As of now we can see banks planning to mimic bitcoin technology which is the blockchain for their system.  They have seen the success of this technology an its effect to people.  They would try to get back the trust of people thru mimicking what Bitcoin function is.

This might be an interesting article https://internationalbanker.com/banking/impact-bitcoin-central-banks/

I have to disagree with that

Banks may offer many services, consulting and whatnot, but they still earn primarily through lending money at usury interest rates. Bitcoin is money, so I don't see any problem with banks lending out bitcoins. Besides that, banks could just as easily issue payment cards, something that they have been doing for ages (figuratively speaking), now with Bitcoin behind such cards. Essentially, they will be earning through Bitcoin just like they earn through fiat, and probably they will find a lot of other ways to earn, which are not even possible with fiat

Bitcoin can do anything, but will be harder for a bitcoiner to get a contract, since the most people under bitcoin like their privacy, but if we get exposed and we able to make contracts, we can work with colateral, the same way banks does in the general. Bitcoin has turned for me the only payment processor, fast with small fees, allowing and giving plenty control over my money.

the anonymous sending of currency while you're sitting on your couch/chair what a relief not going to the bank or using any online banking . With many choices to make your money safe, that's the  most I know bitcoin impacts are current technology.

Bitcoin = decentralization.

so far for me just positive impacts example so fast get a profit to all age

Bitcoin makes transactions so easy. Bitcoin is secure, fast transactions, and it has low fees. We can do transactions anytime and anywhere. And it's decentralized concept makes us have fully control over our bitcoin.

For me the most important impact is the fact that Bitcoin is treated like the real money and you can buy things or pay bills fast and easy. Anonimity or now partial anonimity is another very good thing. The huge impact is also that Bitcoin made banks to have fear of it.

it impacts me in a way that it provides a very easy way of payments online. not like paypal (which has cashbacks)

Bitcoin has not only united people allover the world by not being connected with any country but has also shown that people our days tend to believe pure science and not the real nature. The crisis of european science about which Husserl was writing is partly over if people now believe in numbers without a physical thing representing them. Another thing is that it has shown that money can be used anonymously and be out of governmental control.

The fact that i am writing you this reply from another country from another part of the world shows how much bitcoin has brought us close together, the fact that we might be different race different ideas we come to unite on one thing which is the bitcoin, the fact that we all speak different languages we all speak the language of bitcoin, that's how bitcoin changed our lives, that's how much bitcoin has brought us close ,and i think these is the idea that Satoshi Nakamoto is trying to give to the world a thing that makes us all talk the same language, and i am so proud to be a part of that idea  :D

Bitcoin did a great impact on me simply because of its possibilities. Every transaction made easier through bitcoin. Earning money has been made easier using bitcoin. This wonderful forum was created because of bitcoin. That's what the greatest impact for me since this is where I discovered it and learned what it is, when did it start, how it's being used (legal or illegal). Everything.

I wish I had known bitcoin when it was just coming out.

The greatest impact from bitcoin for me is the freedom, now i own a currency which wont be intrude by government or anyone else and i can do transaction without need to reveal my identity, bitcoin has made a worlwide transaction become easier

Low fees transactions, a decentralized currencie showing that people dont know how to manage the currencie, but the most important thing that bitcoin bringed to me were the freedom, and plenty control off our money, something that were with banks.

I guess the low fees are really attractive, it's the lowest for international transfers and I would say as well it's the fastest since it's decentralized and no authorities will check our transaction before approving it. It will make a big impact in the world since there's a great possibility people can make big savings by using bitcoin in their transaction.

For me it's big impacts is the fact that you can easily transfer your money anywhere and anytime, and it's low transaction cost. Also the greatness of trading, hassle free and paper less and that you can pull out and add your investment anytime. The most important is you are working at your own time.

Agree with this transction fees regarding on money transfer is really an advantage for those people who uses it. Fees are lower compare to those money transfer and remittances which is really a good thing but as we notice on past days transaction are now on bulk and fees are tending to rise up and transfer times are already long.

more easy payment by bitcoin , we can use it without bring real money

the big impact from bitcoin to people is people now realize that bitcoin can be act like another source to make money and its really help many people to have another investment in online business. beside that, the function from bitcoin itself is the anonymously from the sender to recipient and the sender can make the transaction without worried about showing the identity.

In my opinion the biggest impact so far bitcoin has is showing to the world the possibility of having a functioning currency without the backing of any country, that shows we don't need a government controlling the money supply at all.

can change live bitcoin users , bitcoin users can get million $ from bitcoin very fast

Bitcoin as a innovation had made impact upon a limited percentage of users around the globe. I expect this to happen with most of the world population. Right now the price is given consideration and people had started using it. Over the years people will understand and start using it.

Well begun is half done (sarcasm)

Just imagine what fees would amount to in fiat terms if the block size remains the same (or just doesn't keep pace with the price, which could allegedly lower the fees in bitcoins) while the price rises multifold. Folks are already complaining that Bitcoin is no longer usable for micropayments due to high fees, but if the price reaches a few thousand dollars per coin (we are all hoping for that), the fees may quickly become prohibitively expensive for other payments as well. Unless you send or receive dozens of bitcoins at once, of course

yes that is right to say, but to me the big impact can be that all the people of the world will soon start a single currency through out the world having same value everywhere.

In fact the impact is still limited, considering the potential that Bitcoin has. This is a technology that can solve real-world problems. Many countries could benefit from it, especially countries with a devastated economy, for having an inflated currency.
Little by little people are waking up, it is possible to perceive this in the increasing demand and, of course, in price.

Bitcoin course helps earn money and live a better life to all people. Invest in yourself, in some designs, live better and happier.

I haven't thought of that but in fact you are correct, because in the traditional banking system you need to be at least 18 years old there to begin to use that system but in bitcoin you can be any age and still earn whatever you can.

the presence of another digital currency as doge, eth, etc. people maybe will move to digital currency as payment due to anonymous nature

One of bitcoin's noticeable impact is the ability of saving money or btc itself without the needs of bank accounts by means of digital wallet. Majority of online wallet accounts can now be created by just using a smartphone. According to an online report, there are about 4 billion people who have a phone.

Bitcoin is one of the most valuable digital assert in present world and more over no government is in control with bitcoin.

The bitcoin transaction is also very low,We can transfer to any country without any third party with minimal fee.

A good impact specially in making transactions faster in the field of paying bills or even sending money. I have been through sending money in Moneygram or even Western Union and I see a high percentage of transaction whenever I use their service. It changed a lot when I knew bitcoin and now I am saving more to use for another transaction.

Yes I think that was the great impact that bitcoin has made, bitcoin helps us make transaction faster especially when you are paying your bills and not only faster but also cheaper when you are sending money local or international . These things were the biggest impact made by bitcoin and I think there will be more great features that bitcoin will bring to us .

To add aside from you can have the capacity to pay your bills and sending money without leaving your home you can actually save a penny from transportation. Aside from savings from  transportation fees, you will also save time. And that time is my time to earn online through online jobs, earning without leaving the home. SO imagine I am paying my bills without leaving the house and without getting a cent from my pocket, how fascinating is that.

It is not that easy to earn millions from bitcoin and it just a myth ,the players who started mining in the beginning was lucky enough to earn millions and that does not mean that everyone can make millions out of it

It's not easy but it's possible, if others can do it there's a big chance we can do it as well. That will certainly base on our intention and the will to be successful in becoming rich in bitcoin, what good is there's plenty of opportunity here that we cannot miss and though risky but it's worth a try.

the most important impact that already made by bitcoin is there were a new community which have been using and knowing bitcoin as new payment transaction in online store and offline store although only a little local store that support bitcoin as payment. the other side, bitcoin is making a new vision to that community that the future will be better with involving bitcoin because bitcoin offer many benefit to people which can not given by any other online and offline payment processor and this will make our society become to realize that bitcoin is a new way to change the future of economic in every country.

We may still be in the early stages of Bitcoin adoption

And wider Bitcoin adoption means greater prices, as simple as it gets. If there are no artificial problems like miners declining necessary updates which would contribute to this expansion and make it possible, there is hardly any reason to think that it has reached its limits. Other than that, there are always new endeavors that may offer similar returns to their early adopters. These people who were allegedly lucky to earn millions were in fact lucky in choosing the right venture, but there were a lot more ventures that just fizzled out with people losing money in them

The average bitcoin user does not earn a lot of bitcoins, only those that have the business or service like an exchange or casinos are able to earn a significant amount of bitcoins per month.

yeah, It is not that easy to earn millions from bitcoin but I don't think it is just a myth, I agree with Positid It is actually possible because I guess there's someone or some people in the past that have made themselves because of bitcoin like what you have said those people who started mining in the beginning was lucky enough think about those people who bought bitcoin in earlier years they never expected that the price will go higher and now they maybe already a millionaire . we just need to wait until bitcoin price increases again and we should work hard for a while so we can save a certain amount .

Regardless of how much amount of bitcoins one person will be earning, the process of earning and spending bitcoin will definitely impact that person for sure.

We need to give importance for this impact because earning and spending bitcoin is not as simple as how we are dealing with fiats. When bitcoin hits mainstream of adoptions maybe we need not to worry about the impacts of bitcoins.

I know it has already made an impact towards our world, being the first official decentralized digital currency. It offers a lot of possibilities that regular money cannot provide. It's really hard to trust other people especially if you don't know them, that's why you are required to obtain personal information of the people you will be dealing with and with Bitcoin, it eliminates that certainty. The uncertainty of trusting people won't be a hindrance. No more third party. That's my opinion on Bitcoin's major impact.

I think so, the most important impact for me that I could earn some money through bitcoin. If I do saving what I've earned, it's not impossible to reach million $ but need few months or years of course. Whatever it is, I think there are so many important impacts of bitcoin in our life, the most is : bitcoin change our perspective about money and banking system, become easier and fair right now with bitcoin.

honestly i didnt liked the fast payments but the impact which impressed me is its anonymous + transparent network.its the craziest idea i have ever seen its totally awesome

People in a third world country usually doesn't have their own bank accounts and this blockchain technology (bitcoin to be specific is making things happened) We users don't have to worry much more about setting up the wallets easy and free a lil bet of computer skills is needed. 

The other things it is more easy to use than the other payment method no verification needed giving your real info just to use it and you can deposit without giving your real identity here in my country we can deposit without giving ID or any government papers its instant..
Also the fee for transaction is less than other payment method..

For me the impact that it let me shop some items online.Plus the thing that i can have extra portable and usable bank account using bitcoin wallets online.And bitcoins helps me to earn money onlne through investing

Some important Bitcoin impacts can be: The big change in financial system, as we are using for the first time in the history a digital currency in high scale; Useless bank services to make transactions (a lot of economy when using our money); An easier and simpler payment system to use, anywhere, anytime, just being necessary to have internet connection with anonymity and safety. These are the three important points in my opinion.

Anonymity is an issue of bitcoin. Bitcoin is pseudonymous because every transaction stays forever in the blockchain which is transparent; that is everyone can see it. So if anyone can link your real identity with your network address not only you lose your anonymity but everyone can learn the amount of coins you own. In order to come up with a solution Satoshi recommended a new address for every transaction but this is a small obstacle for an experienced user and does not offer a fully anonymity but is something for non experienced ones.

It doesn't make sense in my mind, Everyone needs the efficient payment and especially in his speed, for increasing the accuracy of every transaction

You can tell me what makes you feel dislike about the fast payment.

I will want to disagree with that pending the time I will have more facts or you provide me one regarding Third world countries citizens not having bank accounts. Over here, if there is any sector that has developed over the years is the banking industry. Also with policies put in place and being introduced, a lot of people are coming into the bankers net and I tell you from here, anyone not there will definitely not have access to the computer which negates the impact you are proposing.

For me, the impacts has been about the trans-border payments without any bottleneck and very little cost of transfer to be paid in fees...

That is true only if we open our own wallet, because if you do through exchange you will need to give all kinds of info to them in order to get your account, so if you want to retain your anonymity places like that must be avoided.

that's an odd because he might be the only one who doesn't like fast payments despite everyone wants it and this is why most people uses bitcoin aside from being anonymous they can also made every transaction faster.

The best aspect of Bitcoin is that it's safe, easy to send and receive and anonymous. Even if it is possible to track down a user by looking at his wallet and connecting his transactions to different companies or websites, you're anonymous and nobody will bother to track you down as soon as everything's alright and you aren't doing any suspicious transactions.

I think the biggest impact that bitcoin ever made is the decentralization. Bitcoin make the user avoid bank monopolization and government control,  that mean the user have the freedom of using their money. I am really sure that the decentralization will make the people economy equal,  becouse no more financial capital power that can destroy the smaller business.  All people in the future will be rich.

bitcoin is easy currency , one currency does not involve the government in it

I think the main impact that the bitcoin made for the people to turn on doing bitcoin or start earning bitcoin is that it's very valuable price and it is fast and anonymous. And I know there will be more surprises that bitcoin will bring to us, and all we have to do is to wait and continue in earning bitcoin, who knows, we might become millionaires in the future.

that is a fact that bitcoin is giving us good profit and is a good source of income. but i think we should take bitcoin as currency, and try to use it for online trading and shopping, i think only then bitcoin can be introduce in people as currency.

Major use of bitcoin is currency and only few adopters are holing bitcoins, it will be more popular as you can see there's a lot of business that is already accepting bitcoin, there's not need to hope for people not to hold because when transaction what matters is the value no the volume.

very well said mate, bitcoin does really bring good impacts to us which really changes our perspective and also our perception about these things that you have mentioned . anyway you are right it is not actually impossible to reach your desired amount of dollars from holding you coins for a couple of months or years for sure .

yes that is right to say, but to me the most important impact of bitcoin is that it is decentralize currency, and the value of bitcoin is same everywhere in all over the world. so people can use it freely without changing and comparing its value to some other currency.

Well, I think the biggest impact bitcoin that happens to us is, made us make more money, and make us able to make extra money in every week or every month. well, that is what happened to me, and it really made a very significant impact on the life that I live

But I believe bitcoin will impact us as both currency and an investment. Because these two are interlinked by bitcoin's value as long as investment property supports value appreciation, the impact on being used as an investment will get us more impact in my experience. Both value and volume are impacting us while using bitcoins directly.

Bitcoin is primarily used as a financial, or speculative asset, not as a currency. When something is used as currency, say, the US dollar, it is used primarily as a payment for work done and then as a payment for goods produced. Bitcoin is nowhere near this. It is like gold, which was money a few hundred years ago, but now turned into a store of value and a vehicle for speculation...

But unlike Bitcoin, gold can also be used directly (e.g. in electronics or as jewelries)

Yeah that is true. because the bitcoin is a digital currency that was already quite famous in all the world and certainly this is also affecting the lives and benefit us as a user of bitcoin, but that's all it is not be a good thing if indeed the growth of bitcoin is not stable or might say the growth of the bitcoin decline because something thing. so, I think this is a bad thing. But if we can do something right then this all will surely be lost and ended up at a profit

First of all, Bitcoin has been already a type of currency. However, people have not realized this yet. They still think that Bitcoin is scam and they do not want to accept Bitcoin at all. The lack of knowledge leads to this terrible result. Besides, many governments still try to prevent its people from using Bitcoin. What a shame. I think as long as Bitcoin is used online as well as in the physical world nowadays, the truth about Bitcoin will soon be revealed.

the bitcoin is scam though is getting too old and i doubt that anybody thinks about bitcoin that way these days and the only reason why we hear this statement from time to time is because the people who spread FUD has not come up with a new statement since 2008 yet.

The important impact is you can transfer money in a instant and you can pay bill using bitcoin. No need to go in city to pay your electricity just in minute in bitcoin you can do it. And bitcoin can corverted it into cash instant using the cardless atm.

Bitcoin is still not instant.. it is still depends in the transaction.. if you are paying a large amount of fee you can increase the speed of your transaction but not instant just what you think. there is still other payment processor that its so fast that actually instant..
The  good thing in bitcoin i think bitcoin is less hassle to use and we are just paying a small fee unlike in other payment processor..  that is why bitcoin has high impacts.

Well as i observe bitcoin has a great impact is the easy payment of bills and can help the internet users have a good and earn bitcoin and cash it out into real money but really bitcoin hasn't fully making our society that much impact but it still has an impact dough but still its a progress because some people are not into bitcoin and doesn't fully trust bitcoin as their own but if they let bitcoin in their society to does people who think that bitcoin isn't a great impact to our society their would be a chance that bitcoin will be the crowning glory of the internet and the real world also it would be easy to pay some bills in the nearest future with the help of bitcoin :D

the most important impacts are
-there will be goverment involved in the bitcoin transaction
-no bank involved
-faster transaction
-like stock market invest little earn more .

I don't think so, income inequality will keep on existing as long there are differences on the job we can do successfully, but I agree that bitcoin could help, by reducing the size of that gap.

Perhaps people who don't fully believe bitcoin come from a country that has not agreed bitcoin as a payment, for they are bitcoin is not so worth in his country

Bitcoin is good in massive transactions. You can send many bitcion on multiple addresse on one process only. Bitcoin has a small fee also but it is not quite fast. You have a choice if you will add additional transaction fee to fasten your transaction

In addition to a very nice for transactions, most of us use for investment, even in 1 year, bitcoin investment most profitable than gold, stocks, property and other real investment. And now, already many people are rich of bitcoin.

simple fast payments and transaction and a way  to be your own bank.

the most important impact from bitcoin to people is bitcoin will be a new currency that giving support to make payment from the product that we bought in online market and its already happen for now. beside that, the most people which using bitcoin is already make money and they make withdraw from bitcoin into fiat and this a good way for us because we can found another thing in how to make money beside the old ways.

Yeah, bitcoin has made great revolution in the technology and in the transaction. With its continued growth it is moving forward as an alternative for the banking sector. Importantly it had given access to users an investment option.

The big impact of bitcoin for me is the trading. At first, I'm not into trading because of lower rate of return in bank but in bitcoin after just few months the return is actually amazing. If given the chance that I would have extra money I will put it in investment trading and study well the flow of its market.

Simple as it can gives awesome and fast payment system with a small fee with it that's why many company accept bitcoin as payment method and through this you can also earn online also, can help people that has finance problem but bitcoin will not make you rich.

If you don't think that you will be rich with bitcoin then there's no reason for you to invest, if we dream we have to dream bigger and base on the past we have witness that there are people who became rich because they believe with bitcoin and trust it to be their investment.

yes and most people are saying that was the biggest impact that bitcoin has brought to us but it is not all about its value or about money we can see other good things that bitcoin has brought to us users such as its Decentralized feature which means we are far away from the governments' control and the other is that we can make reliable and convenient transactions . being able to make money from bitcoin is not actually its main purpose but still it is one of the positive impact that bitcoin has made .

Bitcoin really gives a big impact because it may change the global economy. Bitcoin is the first cryptocurrency with the deep structure, wide adoption and trading momentum to achieve escape velocity. As the currency grows bigger, there could be the possibility that some businesses will accepts bitcoin as payments.  Bitcoin has the future potential to become the worlds famous cryptocurrency today.

At the risk of becoming too technical, transactions are instant in the bitcoin network what it takes time is to get the confirmation of that transaction by the miners.