Bitcoin Forum

Why do you allow to governments track your transactions?
Why do you you pay crazy taxes for banks, third parties?
Why don't be your own bank and use Bitcoin only?
Why don't create something that will allow worldwide users to buy everything with bitcoin?
Why do you cry about unconfirmed transactions instead of downloading wallet and supporting the bitcoin network?

Bitcoin's future depends on public acceptance, why do you cry of less bitcoin acceptance instead of doing something and creating bitcoin business right now?

i still need to use both because something like foods can not be bought with bitcoin and you need a bank account for that, hopefully i have no fee with my bank

i don't cry about unconfirmed transaction, but unless you are a miners you can't support anything, running a node will not add to the vote for activating segwit or any hardfork

I support this, but in fact we as well as the user would have an important role to introduce bitcoin to everyone, at least the need to introduce it to some restaurateurs and others for using the payment bitcoin making it easier for customers to get used to using bitcoin to buy and pay for something and it also was the stage of the process, let's look at the future

We need to be more stubborn and hate banks, paypal, credit cards with all our soul.
I never use them.
I personally buy almost everything with bitcoin and if there's any reason to pay in cash then i find people locally who can exchange.

I can feel your passion for bitcoin but sad to say that we cannot let go of banks since we need banks at this moment. We can let go of PayPal but notof banks. Remember that bitcoin is backed up by fiat currency and fiat currency is produced by the Central Bank. Without the fiat currency backing up bitcoins then bitcoin will lost its value. Without banks there are no fiat currency, without fiat currency bitcoin will have no value.

Q:Why do you allow to governments track your transactions?
A: Do we have choice? In developed society living without bank account is practically impossible.
Furthermore I can't use/sell my Bitcoin if I don't have bank account.

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Q: Why do you you pay crazy taxes for banks, third parties?
A: You think we like that, no one likes paying more that it is necessary and I think banks are economic parasites, good only for starting economic crisis.

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Q: Why don't be your own bank and use Bitcoin only?
A: Because we are not on this level of adoption yet, you can buy everything and everywhere for BTC. Bitcoin is great but fiat is still the main payment method.

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Q: Why don't create something that will allow worldwide users to buy everything with bitcoin?
A: Be my guest and please create something. I would use it. But I think there is problem with local laws while using BTC globally.

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Q:Why do you cry about unconfirmed transactions instead of downloading wallet and supporting the bitcoin network?
A: Running a node has nothing to do with processing unconfirmed transactions. Only Miners can confirm transactions.

We don't need banks.
Bitcoin is Not Backed by Anything

I think, bitcoin must be integrated. Using banks, paypal and credit cards sometimes having some additional fees. This additional fees can less our earnings. If there is no additional fees, we can have our earnings, and we can earn full amount of money.

It's easier said then done. Bitcoin is not a official currency, it's a crypto currency and it's traded for Fiat. Bitcoin we all love but we cannot ignore the fact that we just can't depend on Bitcoin, we need Fiat as that is our primary currency. Earning Fiat is relatively easier than earning in Bitcoin, Bitcoin not every one is able to earn and you do realize that price of Bitcoin is not fixed at all. The impact of prices can effect entire business up and down. Maybe Bitcoin will be adopted but only when it is easier to earn it, currently only those who have it will be interested. So be patient for the time being.

It's must to be said to get it done.

The fact with what we think is very much different, we still need money to buy something that is not yet the store provides payments with bitcoin, now or even 10 years laters we still need banks, paying high taxes is indeed distasteful but that's a fact in the world that must be faced.

ok, i am down for that but where is accepting bitcoin so that i can spend it?
the problem is not we wanting to stop using banks and be our own bank, the problem is the adoption of bitcoin. when people are not yet ready to spend their coins and they only want to hodl as an investment, we will never see bitcoin replacing fiat and banks.

because all of us is still using banks for many purpose and we have saving our money in the bank, beside that, bitcoin is not yet to integrate with other offline payment so we still use bank. its hard to not use the bank while we don't have any other option to make transaction and if we still use bitcoin then i think we can not pay all of our need in offline, maybe in online we can, but remember, we are live in real life and not in online.

We don't need banks.
We need more businesses who accepts bitcoin.

We do really like those things that are mentioned on the OP but in reality its really hard to fasten up the adoption of bitcoin since not all people is aware on its existence and we cant use bitcoin on daily basis since we cant buy food,commodities and other stuffs directly and if there is a store accepts bitcoin but only on some places only. Considering its benefits i could say it would really be a great alternative to fiat but tradition fiat systems would be still use no matter what.

Well, If you live in Europe or in United States or to whatever country in which bitcoin is highly accept then yes probably you can do it but there will still a lot of limitation. How much more if you are a bitcoin enthusiast but lives in a place in which people doesn't have any idea on what is it then it could be finding a water into the desert situation.

Right now for our goodness we cannot completely stop the using of banks and other financing supporters. Bitcoin has been growing potentially with adoption taking place periodically. Also banks too have made plans of adopting blockchain technology, so soon or later can see several banks using bitcoin.

Bitcoin can be used for same purposes.
We already can use offline hardware wallets to make payments.

Different reasons for everyone, but the main problem is bitcoin still not as an official payment that accepted everywhere.
We're not on suitable condition to leave banks system and fiat payment yet. As there are a lot to achieve/solve for bitcoin to become a major payment method. Yes, we need doing something but problem related to acceptance or bitcoin transaction need more than an intended to solve. For example : my last transaction, it's already 12 hours and still not confirmed, there is nothing I can do about it.

In desert no one accepts cash either.


You get what you believe in.

Because you can't buy grocery with bitcoin at the moment, not even a pizza, not clothes or shoes. So we'll have to stick with money and credit/debit cards for a while before we completely abandon them. There is still a lot of time before that happens, let governments and big companies aside, not even all normal people into bitcoin as of this moment. So first masses has to accept and start using it, then maybe people would start using it in businesses and then we'll definitely see its rise.
But I wonder if bitcoin was actually made for this?

Your idea is good, but actually we need bank debit card at least, so we can deposit and withdraw money from that. I against paypal and credit cards, especially the latter one, it charges lots of fees and costs expensive annual fees. Paypal is bad because there are too many charge back scammers. I always avoid it.

well if establishment can be convince to use bitcoin system i guess it will be easy for us to use btc everywhere but sad to say that until now its just few businessman who really adopt bitcoin system better to keep doing such campaign and advertisement in order to make more knowledge about this amazing and low cost transaction fee.

The idea of accepting bitcoin in every stores and retailers is really good thought but before that government should recognize about bitcoin. Like visa, debit, credit card etc. these three thing are accepting every where in your country because already they are integrated with banks. Very soon bitcoin will also be accepted in these stores and retailers.

Actually, the author of the thread is biased towards banking system. Many young people hate banks but we can't still live without it. If one or two world major banks crashes, it means that we are back in 2008. Crisis will disrupt many countries and we'll see more poor people. Bitcoin is not about disruption, in my opinion. It is about choice. With BTC you have choice and freedom.

Paying for goods and services with PayPal is free and instant. How can Btcoin beat that guys?

It can't because Bitcoin is not competitor to the traditional payment system and I cannot imagine that we can use BTC for everyday transactions. In developed coutries we have all access to banking and financial services. Transactions are instant with 0 fees. I'm paying with my mobile app and it is very secure. But many unbanked people are in need of BTC until they have no other choice.

I try to do this, I try to keep a law profile for governments and banks whereever I only can, I don't use bank deposits anymore and stash all money in bitcoins. But sure sometimes so far it dificult to complitely avoid fiat financial system.
But I argee with you, we need to get in control of our money and bitcoin is a great opportunity and we must not pass up this chance

In a very simple way. PayPal is not even available worldwide, some countries are banned from using PayPal: Belarus, Iraq, Iran, Congo, Sudan, Sierra Leone, Zimbabwe, Syria and so on.
Bitcoin is available for everyone, everywhere, as long as there is internet access there. How can PayPal beat than?

Yeah i know that but bitcoin coverage just not as good as paypal, it's right that paypal ban those countries and bitcoin didnt, but those countries just have really low bitcoin users mean not better than paypal

they can track bitcoin transactions much easier than they can track fiat, and more specifically cash transactions!

also i am not doing anything shady or illegal to be wanting to hide!

we pay taxes to the government and not to third parties. and if you don't like the law and what it says about taxes then take up to the court :D

it is worth saying where i live taxes are so low and nice ;)

i do do that!
the problem is nobody else does it but me. so there is nowhere to spend bitcoin.

i would like to see that, have you done anything or tried anything in this area?!!

this question doesn't even make sense.
someone else already pointed this out, i say it again. it doesn't matter if you are running a full node or using an SPV wallet or even using websites to push your transaction, there will be a lot of unconfirmed transactions as long as some group is spamming tx and block size is small.

not everyone is good at making a successful transaction and building it up. i have something of my own in my own country which is small. but in my experience it is not for everyone.

More and more business will use bitcoin to trade, for sure  8)

What can you buy with Bitcoin in Belarus, Iraq, Iran, Congo, Sudan, Sierra Leone, Zimbabwe, Syria? If people living there don't have a bank account how will they sell their freshly acquired coins and convert to local currency? Do you know if they even actively use Bitcoin at all there?

https://blockchain.info/unconfirmed-transactions (71000 at time of this post)

We need to fix our community before we take on the world.

For now still difficult, especially in the city and the country there is no place that can accept bitcoin directly. many news their bitcoin atm but it was still very limited. fiat money is still a choice, so I'm still depending with the bank, credit card and paypal.

Its not possible to integrate it to everywhere right now. As I live in Bangladesh, bitcoin is banned here and I can't use it here for my daily needs. It will be a long process for the people to know about it more and more and and use it. And government will accept this if the private companies start its use. The more it takes time to settle the more it will be permanent in our society. This kind of change can't be done instantly.

The answer is even simpler than it seems. In these countries, you can buy dollars if you have a Bitcoins. I think explains not continue. Everyone knows how to spend the dollars. I understand that in any case, we return to fiat money but no country has not yet fully passed on cryptocurrency. Prior to that, very far away.

Bitcoin would be popular if local governments will legalize it, it seems like, if our local government will be the one who will consider bitcoin as money, a lot of people or citizens will go on this kind of money paying transactions. Once government implement bitcoins, an additional fee for all transactions will be implemented

Valid questions but that is what our social structure is. So that is not going to happen even in future. It can only be done in dreams. However, on a serious note, if this happens, the world economy will fall apart and a huge madness between the people will erupt.

Government keeps us safe because we pay them the tax in various ways. Directly or indirectly. If we don't have government, then everything will shatter. So it is not at all a good idea to stop disclosing anything to government. Government is necessary for out well being. Without a government in each countries, our humanity will be destroyed.

I agree the problem with the bitcoin today is that it needs more advertising so people will know more about it and become popular and get the attention of the investors and the big companies, I mean PayPal was not popular at first but with time it become used everywhere, bitcoin is sti new so give it some time.

It's still impossible for mostly of us to live without bank account, Paypal and other similar things. We can't do our daily stuff by having only bitcoins. And bitcoin isn't a perfect currency to become it accepted everywhere. It's long and difficult road to make bitcoin used by everyone is ahead us.

we still need more time for everybody to know bitcoin and give them time to adopt bitcoin payment, not all the people in the world know bitcoin and accepting bitcoin, and most of the country only got few shop that accepting bitcoin, so we still unable to purchase daily basis need using bitcoin

We cant just withdraw our funds on bank and buy bitcoins. We need banks for safety of our money. Besides, we cant buy anything with bitcoin like cash can. So we need banks to be able to make it cash. We dont have much options because bitcoin has limitations. One more thing. What if you buy bitcoin and the price falls? Maybe if all people around the world adapts bitcoin. We can do it. But right now, its not the right time.

Its will take times to get people belived in bitcoin, you can not just spend all of your money to buy bitcoin and then use it for your daily need. Agree that there are many system accept cryptocurrency transfer nowadays. But its still not enough for you, not enough for your life. I mean what would you do if you have a meal in a store which just accept cash and that time all your cash was changed to bitcoin?
Strongly agree that bitcoin are more common and convenience day by day but we still need cash, need banks, credit cards because those things are very familiar with everyone for long time. We just can change that fact slowly and effectively

This idea was really hard to implement knowing that we traditionally use cash as a payment for daily basis(for most of the people). I'm not saying that it's not possible but unless someone initiates to do it on just a smaller scale and undergone test and experiments, and successfully implement on that set of subjects.It's just the same with someone suggesting "Let's use Papypal as a way of payment on our daily expenses.

That's right, it will take time, I think everyone noticed how over the last two years has made Bitcoin decent leap forward and this trend will continue. Every year more and more services, shops and the like will accept Bitcoin.

how can you buy foods with bitcoin? in many place it's not ccepted, if at least some supermarket consider it we may get something

but as today i never heard of any supermarket accepting bitcoin

Indeed. There is no shop which accepts Bitcoin in my country and you will be desperate if you live here. Bitcoin is not as popular as most of you guys think and we need to wait for a long time for Bitcoin to be recognized and utilized widely on this planet. Therefore, I would prefer holding bitcoin than using Bitcoin

I'm storing and earning bitcoin like you. I mean I dont use much because there are not many place that provide bitcoin services around my house. Almost my bitcoin transactions are done via network like facebook, seller,... I'm looking for the shop that accept bitcoin and try to use it for the first time. 

Bitcoin getting acceptance similar to our fiat is simply hard to take place in a short to make everyone use bitcoin directly for their needs. As quoted above Super Market accepting bitcoin can never be seen soon. Recent days Japan have been getting more stores with bitcoin acceptance.

i think the important question is about whether you will be open to spending your bitcoin if a supermarket started accepting bitcoin today? and the answer may surprise you when most people say no to spending their coins since it is just an investment that they are waiting to make them rich.

Taking into consideration the whole world , very few people know about bitcoin.
It is not known by people in many countries.
Also not all countries accept bitcoin.
Whereas PayPal and credit cards are used my most of the population.
Bitcoin can never replace them , but can also become a way of making transactions.

Is this an official protest to begin like the major movements that Trump has started in the past few weeks?
Whenever things come to a boiling point people will protest about what they believe in that is right.
And this is an issue that affects everyone so many people will rally behind it to do away with all this fuss and muss that is seriously not needed. Bitcoin takes care of everything we need in a global currency and more! ;D

Yes, I think it's hard to make people stop using banks, paypal and the like. Then told to switch to bitcoin, maybe for some people this is already happening. But the number was not proportional to the number of people who do not want to use bitcoin even if the person already knows bitcoin. Unlike the banks that already existed long ago and of course people will have more confidence to save their assets there. But it can be done if there is such a movement joint around the world to introduce the bitcoin. Thank you

Let's do the Q&A
None of really do have a choice in that if we want to use money every day(which we do) we need to go through a bank.

Paying tax is not entirely bad why do people think paying tax is always a bad thing, the government needs the money to function what the money is used for is not something that we can control.

Well, this is a bitcoin forum so that question is stupid, everyone here uses bitcoin. What "thing" do you want to create? All that needs to be done for buying everything with bitcoin is convincing merchants to accept bitcoin like they do visa or other electronic payment. And lastly, no one here cries about unconfirmed txes.

Yes, exactly, we should not forget that we are still using this money or fiat now, bitcoin is useful on making money because we converted it to fiat that we use in our daily life.  One day, when bitcoin will be widely used, then we do not need to convert it in Cash as we can perform direct bitcoin to bitcoin transactions.

Bitcoin has no chance of becoming the dominant currency in any contry. What it can become is the significant parallel currency in many major countries. imho, that is what we should be striving to achieve.

Vito, we all want to get rid of banks, but the governments will not allow for that to happen. They are in bed with these banks and they control the

flow of money into and out of their country. We want mainstream adoption, and some of us are actively promoting Bitcoin to the public with

different methods. { We have weekly meetups in my city, and we invite guests to these meetups to get them interested. }

We hate the situation with the scaling problems and the spam attacks, but unfortunately this is the way it works and if you want to make a

difference, then you should run a node and "vote" for the best solution that you may think, will take us forward.  ::)

To my point of view some decades will pass before people come around to use only bitcoin and other crypto instead of fiat for many reasons. Many people, I am one of them I have taken a loan from bank which will hopefully  the last repaid end of 2024. Till then bank owns my house. Moreover, even though I live in Europe and there are some shops happily accept bitcoin unfortunately all utility bills have been paid only with cash or credit cards that is, fiat and banks. So, nowadays, is only a dream or utopia if someone believes he can lives without bank transactions and fiat. Of course these can be restricted only to the absolutely necessary transactions.

Sounds like just the sort of work more people (like us) need to do. Just keep talking about it and people will buy into it on their own. You mentioned city meetups, I wonder if you've taken a look at the Bitcoin City (Arnhem). Are you trying to be like them? I even wonder if bitcoin has displaced any alternative methods there.

Sounds good but we are all aware this is utopia. Bitcoin can't replace banks, credit cards, PayPal or other similar services, thuthis is impossibe. World's financial system relies on banks and Bitcoin system just don't have the potential to fuly replace that, let's be realistic.
But we can fight for Bitcoin to be more accepted and more equal to fiat money. That would be possible.

To some extent Bitcoin can replace Paypal, but replacing Banks and Cards are nearly impossible. BTC is not a global currency, so its not possible to stop using Banks and their Services, and moreover the value is very volatile, so using it as usual currency, contains risk for many people.

That is right that we cannot say goodbye to fiat right now and turn on yousing bitcoins only. the problem is that it is not accepted in many place yet. but I am sureif it will come the day when bitcoin will be accepted the same as fiat now - the governement willput its hand on bitcoin as well and we will have to pay as fees as taxes. Nothing actually will change.

This is something that will never really be able to happen bitcoin is one of those things that thrives in it's niche community but once out of it people don't really even know what bitcoin is, they may have heard of it from the whole Silk Road arrests that occurred awhile ago but they don't know what the online currency is.

Plus Bitcoin is way too volatile to be able to be accepted by people on a large scale. Don't get me wrong I love bitcoin for everything it is but I don't think it will ever kill the banks, paypal, credit cards and so on. Pretty outrageous claim.

The bitcoin is still a new method and it would take a long time for the transition and till then we have no other choice.

That is the best concept of bitcoin as we have the authority to control out money.

It is not that easy ,it will take a really long time for that to happen.

What is the connection between unconfirmed transactions and downloading the wallet.

Every currency and their future depends upon mass acceptance.

Can I ask you a question also ? why would you not allow the government to track your transaction ? except if you are doing anything illegal ! taxes are not crazy but its already been there since the begging of a nation , Imagine if nobody pay a taxes ? how will  the world look like maybe ugly because no one will ever care to spend a single penny to reconstruct a road or build hospitals or schools ! Bitcoin is good but it is not same how bank works , bank is a different entity so don't compare bitcoins with banks ! Bitcoin has already been accepted by the public but that doesn't necessarily mean that it will be the "only" currency it will just be an "alternative" currency because I don't think fiat will be gone in the near future .

Integrating bitcoin everywhere is a good idea but stop using banks, paypal and credit cards is not really possible right now. Many people are still dependent on those things when purchasing something. Maybe let's just help promote using bitcoin worldwide. Your idea is really possible but in the future ;)

actually bitcoin is a global currency and it is perfect for that.
the only valid reason for it not happening is the price being volatile and the fact that bitcoin can not handle large number of transactions.
the price will be stable if a large number of people (a lot more than current number) start accepting bitcoin the same way fiat is stable.
and the other one can be solved in many ways, that is the hot topic of these days!

Well buddy I get your point to initiate for the widely used of bitcoins all around the globe but that doesn't necessarily mean that we should stop using payment methods that acceptable by the crowd if we do that then we will die on starving because we cant even buy a burger or pizza using bitcoins ! and remember bitcoin is just an alternate currency there is no need for it to compete to other currency !

we need to combine them. you can not use Bitcoin for any payment, nor you can't use Bitcoin to perform all daily expenses unless Bitcoin becomes official currency of the world like real money. That is when bitcoin is recognized by the government , but this is unlikely to happen. Your way will make your payments is not perfect, I think so

why do we need to stop using banks ,paypal ,credit cards and etc ? it is very beneficial to us it enables us to buy goods or services that we want to in exchanges of fiat or money ! I love bitcoin but it doesn't mean that I should stop using other services ! How can I buy food If I dont have money that only bank can give ? do you get the point ? Bitcoin is a good invention but it doesn't mean that it will replace all the existing payment platform worldwide !

its not possible to stop banks and other financial institution because bitcoin is not yet accepted legally over the world. whenever it will be accepted by all the nation them we might think of making this international currency. But still many countries had already started researching on the technology to adopt such system in their national financial sector.

Infact you've said everything on my heart, we need to get Bitcoin integrated every where within our human system because of crazy government taxes and interference in our privacy. It should be world wide and accessible for all.

I too agree your opinion, suppose if it happens, and Bitcoin will do all transaction. This will help us lot and save a lot of tax and other expenses. But what about your country government? How will they run your country without money? If we pay the tax, then only they will get money to run our country right? Without getting any revenue, did your government run your country? We are thinking only ourself but we must think about our country also am I right?

Bitcoin is still a new thing and people still don’t know about it that much and if you remember, PayPal was not as popular as the bitcoin when it first started and it took it a while to sink in in the internet community, so we just have to give bitcoin some time and keep trying to advertise it so that more number of business will start using it by forgetting all other payment methods.

A great way to encourage people to use and expand bitcoin. But I think many people are still doubtful to accept bitcoin because the safety factor. Although the bank system sometimes detrimental, but many people are still comfortable to use because it has a security guarantee. So to get people to stop using banks, credit cards, etc. are still difficult and requires time in order to adapt to move into bitcoin.

Not easy, we all know that the use of the bitcoin yet great and is still limited to the community. Even in my place, when I asked about bitcoin, nobody knows. This is our main problem, and not a lot of online stores that accept bitcoin so the use of fiat money and the bank is better.

we need more things to do before we can stop from using banks, paypal and credit cards and we need to explain about bitcoin to more people in around us. i think if we have much of money and much of bitcoin, we can start to open store offline like coffee shop, we modify the starbucks concept with our concept and we accepting bitcoin for payment, then we can spread about our cafe in our city then i think many people will know about bitcoin and i am sure that they will be curious to visit in our cafe.