Bitcoin Forum

What a nice to hear that our world are living in a coolest thing like this,, bitcoin..  Bitcoin that can do anything in ourselves...  You,  what are the things change because of bitcoin???

A few images that should pretty much make you understand why the banking system is not the solution and bitcoin make the financial part in anyone's life easier.

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/11/BitcoinvBank.jpg

http://tabletsandtech.com/wp-content/uploads/Bitcoin-versus-Visa-Network.jpg

http://www.chinadaily.com.cn/china/images/attachement/jpg/site1/20131205/180373cf8432140adf3d01.jpg

Really nice images, I like the first one a lot.
As EU citizen I found SEPA transfer missing but guess it's very same as SWIFT so no big deal.
Only thing I would add is how long each one of them takes. Despite the current mempool size BTC transfer is still faster than SWIFT or WIRE.   

The images are quite outdated though, not that Bitcoin prices have rose up to 10x, and so have the fees. However it is still true that banking fees may still be higher if you are dealing with large amounts. :P The good/bad thing about Bitcoin fees are that they are around the same regardless of the amount, good for large amount, disastrous for microtransactions.

However I like Bitcoin as it is limited so I hold some and let it grow, at the same time use it as a digital currency as I find it more convenient. :)

Yes its already outdated when we are talking about transaction fees which is really different on the current state as of now compared on the past but yet still a good option on bulk transactions and as been said making micro transactions would really be a problem since fees would be a hindrance. I like the way on bitcoin to make payments anonymous and not being controlled by anyone but just you. It really gives a great feeling when i do have the full control of my assets.

And that picture showing the Bitcoin efficience, point 2: "Bitcoin go directly to vendor and transactions are verified to be true by network" isn't so simple, that is true, no doubt, but inviable depending the vendor you are paying. Using the another example, it's not possible to pay a restaurant with Bitcoins, you will need to wait until your transaction get confirmed or you will need to pay a huge fee to make it confirm instantly, making the credit/debit card fees worth much more.

Let it be decentralized then if it takes longer than them it's fine by me at least. governments like when they say something it happens especially US government wants when they say you and you and you should not conduct business with X and Y and if you do then you will be severely punished.
Can they now tell some one how to conduct business with bitcoin? expecting the whole world to adopt bitcoin is absurd, people must use traditional systems as usual and only turn to decentralized crypto where their governments denying them to use the traditional systems.

Quicksilver143, it is actually "a nice to hear that our world are living in a coolest thing like bitcoin" I was discussed with some friends today in the office about bitcoin and I was impressed about what one of them said " the next generation of rich people will come from bitcoin and crypto currencies" hope we actually achieve this in near by future.