Bitcoin Forum

I would like to see bitcoin accepted as bitcoin

https://www.youtube.com/watch?v=xTgmxV7Ui3Q&feature=youtu.be&t=3375 I don`t even plan on having kids, but I care about yours.

I would like to see bitcoin accepted as bitcoin. People only accept bitcoin because of the fiat value behind it, it`s quite sad, Also fiat can buy it all so what is the point of a limited supply when you can buy it all with fiat again? It does not make sense to me  Roll Eyes. Satoshi is basically getting played like us farmers. Giving his limited supply (time/work/supply) for their unlimited supply. uhhh, why do you people not understand everyone has to make the supply at a fixed rate and sure people can enterprise to make more faster. Then we won`t need fiat, or debts or the hidden $lavery $ystem we have made. The tax payers should decide where the tax goes they are the ones that back the system. Literally with out backs, my spine is broken feeding you for 25 years, giving you my limited time, my blood (yes I bleed when branches cut me), my sweat, and hard work to provide fresh food that keeps people alive for your complete load of crap, to pay for your golf trips and to tell me where my money should go, pay for your "hamdedeurugers" that my work paid for not yours trump like you claimed "I PAYED FOR" no we paid for it, not pay for lablaws 12 million in freezers.... where is mine Justin Trudeau, oh they bribed you with campaign funds, I wish we could vote where are pool of tax went and actually vote on issues instead of voting people to vote for us like where some type of baby that need mommy and daddy to baby sit us.

Well guess what in the next world where there is no time, you will feed me and break your balls for unlimited amount of time for my unlimited tricks, I will get all your treats and you will get all the tricks. I am going to troll you so hard, I am going to clone you 100 times so you have to feel it 100 times at once. I will make a blockchain circle of you fucking yourself in the ass butt chances are you would like that.   ;D Trust me even you will get sick of your own shit.

look you politicians will still all have a job, the same one we will have, and you won`t be able to piss people off so you won`t end up like JFK.
We would still have funding for everything, just it would be more of a team effort.

jokes aside
Please note Trump and Trudeau, I think you both are great people and all, I actually like every person on this planet, but why put the burden on yourself, why not put it on everyone. That way when we make a bad decisions we can at least blame ourselves.

I wish no harm upon any world leaders, I have respect for all people and the united nations and treaties the united nations issues, Stay safe, I hope no one tries to JFK you. We are like these ants, but like these little guys they are learning that the bigger the colony the better https://youtu.be/vt7jGGroF0Q?t=2899  "the super colony"

Let robocop run the system, People can`t kill robo cop. read some of my older post to see how it can be done.  https://bitcointalk.org/index.php?topic=5139147.0

1BTC = 1BTC, 99% of the articles and news media only talks about the fiat price of it, there is a reason for this, wake up and smell the roses.


https://imgur.com/a/KlRqt9v case in point.
https://www.youtube.com/watch?v=LszOt51OjXU watch the first 7 minutes of this " Bitcoin: Beyond The Bubble - Full Documentary "

Categorically every Bitcoiner would like to see Bitcoin been accepted as the local currency but the possibility of this to happen will be far from reality due to the nature of Bitcoin and cryptocurrency. It nature of volatility will be hindrance from it be accepted like other currency(fiats) but the technology is still evolving and anything is possible in the nearest future.

You can also, check out some opinions on this thread which is much similar to your subject in question. https://bitcointalk.org/index.php?topic=308.0

thanks will do

"Would like to see Bitcoin be accepted like our local currency (Fiats)." yah damn straight, I mean why are people accepting fiat? boycott that shit.

We'll see this happen once wages are being payed in bitcoin. And once prices bitcoin vs goods and services start to stabilise.
Imagine having to write new price labels every 2h.

Bitcoin is really convenient to use, but let's accept the fact that fiat is still important and cannot be replaced right away. Especially, not all merchants are accepting cryptocurrency yet.

Let's say for example, if you are paying hospital bills, tax (in some countries they accept crpyto), utilities, for your daily expenses. I mean there are still a lot of daily human necessities and expenditures that cannot be paid by bitcoin. I think mass adaptation, government acceptance, and mass awareness will have to happen first before we can use bitcoin as bitcoin.

If the government would say they would accept bitcoin it would. The would create mass awareness real swift.

Imagine the headline:

Today the United Nations have accepted Bitcoin as the medium of exchange. No longer will they enslave their own kind. "whoops sorry guys and girls we made a oopsie, well it was Richard Nixon`s idea and he is dead so lets not cry over spilled milk, clean it up and move on" said the leaders and commercial bankers of the world.



Instead the main stream media likes to beat around the bush and talk about the price for bitcoin being measured in fiat for days  ::) hey 1 bitcoin is worth 7k fiat we get it and if the supply was equal to fiat it would be 700billion, but really 1 bitcoin = 1 bitcoin, let satoshi keep his 1 million out of the 21 million he deserves it.

yo China were going to need you to split up the mining a bit. You can have max 18.41% of the hashrate in your country not 81% because you have 18.41% of the worlds population so that is fair. India you get 17.74% U.S. 4.27%. Ok let us flex these numbers against your current GDP and give you more % if you are a bigger exporter than importer.

THE TAX PAYERS HAVE VOTED AND SAID, O SICK WE ALL HAVE JOBS FOR WHEN ROBOTS TAKE OUR JOBS, WE WANT ROBOT TO TAKE ARE JOBS AND WORK. WE ACTUALLY GET TO VOTE!
Renewable energy gets 0% taxed, fossil fuels gets 100% taxed. Ok your country planted 500 million trees and fruit trees or vegetable plants you get a bonus reward. said the tax payers ruled by a decentralized voting system.

Ok team, We know our Sun only has 30 billion hours left, how will we save our kind? Ok team, Aliens are coming at us to anal probe us what is our plan of defense. Ok team, Canada just got hit by a big earth quake the cn tower is no longer erect, how can we help them.

the problem with this is the volatility and the inevitable price rise over the long run for the many upcoming years. that makes people be more willing to see bitcoin as an investment rather than a currency that they use instead of fiat.
i believe that we will see bitcoin be widely used as a currency but only when its price has grown very high and has reached a moderate stability because of its mass adoption.

https://bitcoin.org/bitcoin.pdf
Bitcoin: A Peer-to-Peer Electronic Cash System Satoshi Nakamoto satoshin@gmx.com www.bitcoin.org

Abstract.   A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution

IT IS SUPPOSE TO BE CASH NOT A INVESTMENT

You know how many bitcoins I turned into fiat, or fiat I turned into bitcoins 0

I have a laptop, computer, shirts, pants, food, medicine, water, coffee`s with the bitcoins I earned, I had a old lady today tell me bitcoin is not cash, I guess it is hard to teach a old dog new tricks. I tried to explain the reality.

She yelled "PONZI SCHEME" at me, well yah she is right about that, but that is what people made it, traders, exchanges, not satoshi.

A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. The Ponzi scheme generates returns for early investors by acquiring new investors. This is similar to a pyramid scheme in that both are based on using new investors' funds to pay the earlier backers.

But the thing is bitcoin never was created to attract fiat value to it. It says it right there in the first line of the white paper why it was created.

Hey Satoshi I have a next level exchange idea for you  ;)

Satoshi Supply could be the best exchange in the entire galaxy, You could get anything you ever wanted from it or Satoshi Swap, I don`t know what you want to call it. With as many vendors that want to be vendors, I will sell some fresh food there, what do you like? Cherries? Blueberry's? Peaches? Apples? Broccoli? Cucumbers? Sunflowers? Old Cherry Wood (yes trees die to and we must replace them to earn more bitcoin...) Soil (amazing farm land not tainted by round up)? I make some decent brownies maybe I can sell them there to. I give you nice a discount like we give free timmies(coffee) to our police force here in Canada, not the people that pay for the police forces job, heck just take my food for free. I may or may not charge a banker or politician tax on all products by ∞% if they still need to exist, I will not accept fiat btw. To everyone else I will charge as much btc as I want :) you ever been to a real market? Come to the food terminal in Toronto and see how it works, but I will try my best to keep it as low as possible, if you are not interested try another vendor :). I been trading before I could walk in the real markets, to all you traders out there that think you know shit about trading you don`t know shit because you are trading bitcoins for fiat.

https://cryptowat.ch/markets/bitfinex/btc/usd
https://www.bitmex.com/app/trade/XBTUSD

I think you programed you bots wrong. They should only be accumulating.

Well it is already accepted, It would be nice to get all the vendors on a site/wallet together https://www.youtube.com/watch?v=MhVz3WGFDKM
Price will never be stable when you measure it against fiat but time could work or duration or goods and services (work).

Bitcoiners can't run always from the fact that, this technology is still evolving and very much young to be accepted generally by the masses to boycott fiat(shit). In your idea to boycott the shit, how do you feel if my ground-mum have this type of transaction in order to purchase her usual maggi in the local store BTC0.0000049 (equivalent of 10 Naira) and BTC0.0000025 (equivalent of 5 Naira)?. Fiats still serve a purpose and shouldn't be relegated when there's no mass adoption yet.

Fiats still serves the purpose of giving your limited time for a unlimited supply. You are still measuring in fiat fellow human.

People seem to underestimate how big a role volatility plays in all this. The truth is that a small portion of the worldwide population have invested in BTC and majority of such investors view it as an asset as you stated.

No matter how high or low the price of BTC is, people will only view it as a currency only if the BTC transactions are faster and cheaper when compared to FIAT transactions.

It is volatile because it is measured against fiat, it won`t reach a moderate stability because of mass adoption. https://en.wikipedia.org/wiki/2018_cryptocurrency_crash it will just be like this but be called the 2023 crash, the 2038 crash or the mt.gox 2.0, One day Joe will buy a pair of pants with btc, the next day it crashes and he could of bought 1000 pairs of pants, mass adoption would only just circulate more fiat into it and cause bigger bubbles and ruin more lives quicker.

https://steemitimages.com/p/MvwLKy3SfvJwXFKCRMDAFrt961WwjFcRARKpjw9BL?format=match&mode=fit&width=640 read this first line is what I have to say to them.

Whoever traded that bitcoin for fiat has to be the worst trader ever, You gave a guy a real limited supply of a coin for his unlimited coin supply, quite foolish, you are allowing a tainted money supply to buy your pure one. At that point if you sold him one, you might as well sell them all because in the end they are only going to get them all.

https://bitcointalk.org/index.php?topic=137.0
That pizza man was quite the trader, traded a pizza or two for 10,000 coins of a 21 million supply, lol Imagine being laszlo poor guy, but hey he only lost 10,000 and gain a yummy pizza if you look at the bright side, I am sure he does not care that he lost 75,000,000 million in CAD today. Well I would not.  

 

please enlighten me, how will bitcoin mass adoption provide stability? How would bringing more fiat and more people using it, how does that stop volatility? How does that work? In what sort of dimension does that work.

What would make it stable is if the vendors only accepted bitcoin, and got rid of the fiat. You want to give me fiat this year for my work and literal fruits of my labor, I will give you what it is worth as toilet paper, wait... my money is plastic scum bag money.

"but it says 10 on it, its got be worth 10 of something and that 100 is worth 100 of something"  ::)
Hey where can I exchange my fiat for these somethings. Only something begets something it is the prime axiom of creation. Creations begets creations. Open your eyes it is literally everywhere, that chair you are sitting on, what created it? a carpenter? a guy out in the woods getting wood for him? where did that wood come from to begin with, it came from something..... where did you come from? and your parents? and theirs? This blockchain of creation is pretty cool. https://www.youtube.com/watch?v=LLpIMRowndg Have you inspected every set of 3 to make sure it contains 3 units? What about conjoint twins? are they one or two people? are 3 pairs of conjoint twins 6 units or 3 units? You put your faith in numbers? anyways....
 
https://ipolitics.ca/wp-content/uploads/2017/07/10449753.jpg

I would actually rather accept monopoly money,  AT LEAST I CAN WIPE MY ASS WITH IT, or burn it for starting a fire.
https://i1.wp.com/blog.ed.ted.com/wp-content/uploads/2017/12/new_featured_art_monopoly_istock.jpg?resize=575%2C323

In my opinion, bitcoin hard to be stable because the price will always change from year to year. Besides that, we know that the hardfork will reduce the rewards to half in once in 5 years so it could make the price will change.
Maybe in the future, there will be a coin that could be a bridge between bitcoin, fiat, and the coin so bitcoin will be still a leader on the cryptocurrency, but people use that coin to make a transaction in online and real life.
But people will use bitcoin as the first investment in the cryptocurrency, and they use the other coins for buying and selling, and that coin will be stable.
Maybe we already have that coins, and we know that usdt, usdc, and other stable coin are available on the market and it could be used for making the transaction.
But that is what I was thinking so far regard of the bitcoin situations until now, and I don't know what will happen in the future, and no one will know either.

Let's just accept the fact that since Bitcoin isn't considered as a local or international currency, we still need to convert it to fiat just to make use of it. Though we want to use it as Bitcoin, there are still lots of things that we have to consider. Most establishments don't consider it so we are still required to convert it but it doesn't mean that we aren't giving importance to the real function of it.

The real function of it?

https://pbs.twimg.com/media/D55rONlXsAEdpLH.png:large

There's nothing wrong with measuring Bitcoin's value relatively to fiat currencies, discussing the price, trying to get rich by investing in Bitcoin and so on - this is how freedom looks like, people are doing things that you might or might not like. Saying one Bitcoin is equal one Bitcoin is not very useful, because it's just a tautology, it doesn't have any meaning. Or, if you mean that Bitcoin doesn't lose value like unlimited supply currencies, then you must also face the fact that unlike with fiat currencies, Bitcoin's value is quite unpredictable as of now - you can lose or gain some percentage of your value at any moment. Also, being deflationary might have negative effects like people not wanting to spend it and instead hoarding it, which will make it harder for Bitcoin economy to grow.

As them country haven't regulator to accepted other payment exception local fiat, we have bitcoin can't do buy something like smoke, dress and regular store. but some local people have do accept bitcoin as silent place without know regulator can be avoid rule and jailing them.

Bitcoin is money and money has no practical intrinsic value. Fiat or Bitcoin, doesn't matter, it's just money and it's only valuable because people need it to exchange goods easier in our societies or to invest it to accumulate even more money.
Manipulation exists everywhere, a change like that from fiat to bitcoin as main currency would just create a lot of trouble and mess in our economies, in the end the result would be just a more volatile economy (with manipulation anyway).

Time is money, my friend. You want to measure something in bitcoin measure it in that. Think about it, every single job takes time and yes you can measure goods in duration as well or stocks.

btc is being recognized by everyone in recent times, there has been a lot of good news from the market. I think btc will soon become the world's currency

This is because everything is priced in fiat though. Heck, even fiat is always paired with other fiat. That's just how the world currently works, and I don't think it will ever change outside a complete overhaul of the global economic system.

But yeah, for as long as Bitcoin is used as an investment asset, people will never stop focusing on its monetary value. That's not even strictly a bad thing, because everyone should be able to do what they want with it.

Until and unless other centralized currencies rule over the globe, it could be difficult for bitcoins to be bitcoins. Bitcoins now are a mean of decentralized payments without enrolling any of the governments in the payments system so there surely might be governments who would never like the existence of bitcoins and might run behind shutting it down.

Bitcoins needs more dominance and once bitcoins reached great heights and it would get much challenging for anyone to shut them down as bitcoins will get stronger themselves. Bitcoins might get accepted as bitcoins in the community in the upcoming years as the demand for them will meet sky.

I don't think it's necessarily a problem related to your government because that's not what's stoping companies and merchants to start accepting bitcoin. Bitcoin is not yet regulated in many countries and even so a few of them already accept bitcoin in their shops,even though the number of that shops is very small.

Almost each of the individual thinks so. Each one of us wants bitcoins to be legalized in our own respected nations and could be used as a source of governed payment system but it could be the most challenging task. I personally want that the use of bitcoins should be maximized so that more and more peoples could find out about bitcoins and can invest into.

The price for bitcoins might then hike up as the mass amount of peoples would invest into them. Bitcoins need to have vast demand as it did in the mid 2017. The ever growing demand can make the bull markets come closer which might even lead to get bitcoins in the maximum usage.