Bitcoin Forum

In 1999 PayPal was invented. Until then there was no commerce, there was no goods production in the world. Immediately the world economy started to improve. People started to produce TVs, phones, clothes, homes. But there were no sufficient money to buy these goods.

 Then in 2010 a very gentle person (a very good mathematician Satoshi Nakamoto) invented the bitcoin. Bitcoin was that money necessary for every person in this world to buy those goods.

 Until 1999 I was earning approx 30 USD/month working 8 hours/day. Then in 2010 because Satoshi Nakamoto invented the bitcoin, my earnings started to improve. I have 7 phones, 7 TVs, etc  (this is no joke).

Those money very necessary for the people to buy goods were created.  Who could imagine that today I could send 10 dollars in 30 seconds to a person on the other side of the World?

Who could imagine that this 10 USD that i am sending can be used immediately to buy whatever the person that receives them has dreamed?

 

   

actually the "invention" was in 2008 and release was in 2009. and i don't think we can call Satoshi a "mathematician"! he was just a programmer who was familiar with concepts of cryptography and usage of hashcash as proof of work.
https://en.wikipedia.org/wiki/History_of_bitcoin

it depends on how you earned the extra income! if it was just as your investment gave you profit then you just contradicted your whole topic talking about currency aspect of bitcoin. if it was some business you started because of bitcoin and used it as its medium of exchange then your topic makes sense.

Things have changed alot since the invention of Bitcoins but there are still a lot of things that need change in the field of Cryptocurrencies one of which is making Bitcoin a globally accepted form of payment. We need government to join hands with us and make this dream come true.

Crypto is now just a child, looking a little further, with the open trade situation around the world, the forms of domestic payment did not meet the needs of consumers. Blockchain is the key to solving everything when just one click, the money to be transferred is available in the account, worldwide as long as there is internet. This helps the commercial industry will develop strongly and have breakthroughs of human nature

To the need something innovative comes into existence and as a result bitcoin came to the real life usage. There can be more key persons into the development of bitcoin, but Satoshi revealing the Whitepaper of bitcoin gave him all the credits. In my view at one point Op is wrong, even before PayPal and bitcoin there was commerce, manufacturing sectors and all sectors which contribute to the economy. These payment portals and the technology has helped with easing the process through modern technology overcoming the classic functioning.

Can you provide more details why are you gaining more money just because BTC?
I'd like to know the relation of BTC and your income increase

I believe that the real revolution of cryptocurrencies will emerge with the creation of companies and perhaps the countries of their central blockchain coins or at least using this technique for banking services.
More than a billion people in the world do not use banks but have access to the Internet, triggering more resources and creating more and more jobs.
As for local currencies, I expect their value to decline over time.

I always be glad to see people can able to increase their standard of life use bitcoin and you were improve your earning through cryptocurrencies which is the results of it very much better than your previous salary so this is good and can motivate people to be like you but if you provide more about your method how to earn more from cryptocurrencies whether it trading or anything else i think that's more good

Cool story. I guess you are just one example how bitcoin really help or improved someone's life because they involved themselves in crypto. Just look at how those early adopters, majority of them became millionaires.

And this might be a drawback as well, I mean government is clamping it down, afraid to give people enough financial freedom and getting money out of thin air.  ;D

I am a physicist.  When I was a child I had good tutors at Mathematics, Physics, French and English. My mother paid half of her salary to these tutors 10 years.

I help children with their homework. Children do not have money.
 When the bitcoin was invented, the money in the market started to grow, and my earnings started to improve. There were more children paying for homework help.

When looking at the opportunity, when you have just heard the information, or you may have heard it, immediately ACTION to take the opportunity before other people see the opportunity, can be considered to be pioneering whether it is not an easy thing, then we need strength to ACTION and get a chance that is. As well as opportunities that may not be too obvious, because if everyone knows that there will be an opportunity, then clearly your chances will be smaller, because they have to compete tightly with people who also see the opportunities that arise. Opportunities may even have no chance at all if you already KNOW there is a chance that you have not been silent and not immediately ACT. Use All Opportunities Available for Opportunities for Dream Success

We are glad that your economic situation has improved over the years. But what has been described here has nothing to do with the process of the invent of Paypal and Bitcoin. What you are talking about is more about inflation and the development of the economic process.

Cool, this is one of the advantages of bitcoin where bitcoin can make economic equality in the world. Before bitcoin was created, economic equality was only a national scale and this was not effective, especially if the country was a country with a lower economic class it would be difficult to get even distribution.

Then in 2009, bitcoin emerged as a hero, where government regulation did not limit it, where everyone has financial freedom, where everyone can get free bitcoin. Well indeed, this is bitcoin, which is a new financial future.

There has been some wealth redistribution thanks to Bitcoin, but nothing remotely resembling "equality".

If anything, this was a massive wealth making machine, and some of the spills could reach the bottom. But the divide is there, a small group made good fortune, all the early investors who didn't make mistakes. those who came late are only getting the leftovers.

While the early adopters got thousands of BTC, we the late comers are left struggling for a few satoshis. And it can only get worse.

This is not Bitcoin's fault, Bitcoin did NOT came to create economic equality, but it does gives us a solid coin so that people can at least get another chance and actually start saving for the future without being robbed again and again by the politicians or the banksters.

the phenomenon of digital currency or cryptocurrency seizes public attention. Up-and-down drama that is appreciated by market sentiment, makes the crypto currency a hot talk. Since deciding to use bitcoin, one type of digital currency in 2009, it has been flavored with horrendous drama. Starting from increasing the value that increases to the commotion that arises to discuss legal issues in a country. It turns out that crypto currency also makes a person's life journey so sweet and envious of others. Digital assets developed in 2009 were like gold, but only available in the digital world. The concept might sound like eGold, even though it's actually a lot different. we can get bitcoin by buying and mining. Then after that we can do tranding to create profits, from these benefits we can change our economic conditions, after the benefits are obtained we will feel a prosperous life from bitcoin.

OP, you are exaggerating most of the statements that you are making.

1. "In 1999 PayPal was invented. Until then there was no commerce, there was no goods production in the world."  Wow, I guess the people were living on farms and we had no imports and exports prior to 1999 and there was no credit card payment for eCommerce used on the internet?  ::)

2. "I could send 10 dollars in 30 seconds to a person on the other side of the World?" What Bitcoin are you using that confirms transactions in 30 seconds? Yes, the Lightning Network has near instant transactions, but it is not on-chain.  ::)

Yes, Bitcoin has improved international remittance, but global payments with other methods are also done within a couple of seconds. <on the user side with PayPal and credit cards>  :P

One another piece of Star Trek is now reality.

One who can not afford TV, phones, clothes can afford to buy Crypto or take risk of trading? ??? Things change only to those how go beyond limits and take risk and work hard. This is my way of looking at things.

I want to congratulate you if this true. You've met bitcoin when it was newly invented and that is your advantage. 30usd before is enough but in today's daily expenses, you can't survive by that amount of money in a month. Good thing, you invested bitcoin and that you are experiencing the fruit of your labor. More success to you, buddy.

Bitcoin is not the magic pill to poverty, buddy. It is a monetary system which is decentralized and censorship resistant but that has nothing to do with removing poverty or improving lives of people. In other words, the rich people will remain rich and the poor will remain poor. You see those who are rich will buy more bitcoins than what the poor people can. In the end the price will rise so high that the poor people can only dream of buying a few satoshis while the rich ones will dump at huge prices.

How crypto will encounter poverty is something that is not the focus of discussion but it is a good investment, I agree considering the price range variation.

The phenomenon of this digital cryptocurrency has captured people's attention. The prices aren't stable on the crypto market and either rises or  drops down anytime without a warning. That's the small challenge bitcoin is facing as at now. Probably, those who started buying bitcoin when it was first launched was fortunate because the price was stable then but not now. Things have changed. However, I do still believe in it.

Yes, things may not be stable on this open market of crypto but one thing is for, once you know how to make money out of it, it is more worth it than any other assets. Whales are the ones who are fortunate in this market and they are the one who is controlling the price for a small fish like us. But we should have to wait a little longer until we could see the window of opportunity to make a fortune from this volatile market.

I really do not totally agree with this opinion as crypto has already improved lives of so many people in this community.
Many attested about their situation especially from third world countries who happened to know about crypto and this forum.
They gained financial freedom because of various jobs that this forum alone is offering.
But yeah, bitcoin is not the magic pill to poverty but in some ways, it already helped a good number of people that were struggling before with money.

Good timing to enter bitcoin community and have no regret but more success on it. Small amount before has high value unlike today that that value is not enough for living because expenses are too high. Luckily, you gain financial freedom on bitcoin which is everybody's dream every single day.

He surely entered bitcoin at the right time and that deserves a congratulations. How I wish I had also entered bitcoin at that time. Imagine having 7 cellphones and TV. With the price of bitcoin now and with the amount I am earning, I think it'll take me years to have that number of gadget and appliance. Time really matters in entering and investing on crypto, I must say.

Thanks for sharing this great experience of yours with Bitcoin. I hope this sends out encouragement to others. A couple of things, though:

1. Consumerism arrived much earlier than Bitcoin. I know that you know what consumerism means. Your 7 phones, 7 TVs, and what have you may be a good manifestation of which.

2. There is no logic in saying this: A.) Before, there were so many goods but no money to buy them. B.) Bitcoin came very timely and these goods could now be bought. C.) Thanks for the coming of Bitcoin, "my earnings started to improve."

It is a good system that satoshi has really created and even though it is facing lots of oppositions right now because it seems to be stepping on the stone of some people, very soon, it would be the most popular payment system within the next 5 years.
Prior to when satoshi invented this system too, my income has been so bad, but through bitcoin investment and some works that I did through bitcoin forum, I was able to establish more business, because I think it is better to establish business than all those things you bought that would only take money away from you but not replaced it back.

Not a bad thing that you bought tv, but except it is business, those numbers of tv’s are too much. You would have just use the money to do business first for now.

Just one question that bothers me,aside from having 7 mobile phones(that I am thinking for what reason you need to have those)is that you also have 7 TeleVisions?man for what do you need to have those?you didn’t even mention other necessities but having plenty of TV really confuses me,

But good to know that crypto helps you in life since I believe this is the motive why Satoshi Nakamoto invented this currency and for the benefits of the whole world

Please tell me this is just a joke. Please.
Lol, you are saying there no "commerce" before paypal came out? That is hilarious. Paypal didn't bring "commerce"/economy to the world. It just has helped us to make online purchase easier. People produced TV, phones and other stuffs even before paypal was invented.
You can't compare your earnings from 1999 with your earnings in 2010. Did you forget about inflation?

Fast pace of life and new technologies gave birth to a new kind of money and the concept of value.In crypto, I'm more surprised not by the speed of money transfer but how they can be earned.Initially, it was difficult for me to agree with the fact that I earn sitting at home more than the Director of the plant where I worked at that time.Sure, making an effort here everyone can earn.I wish you all to earn! 8)

Yes, I completely agree. Using cryptocurrencies, you can live and prosper with dignity. Get an education, learn something new and interesting.

im not see a correlation about bitcoin and personal wealth or prosperity, the only thing crypto/bitcoin successfully done till today is cutting fee for sending money, crypto currency is my first option to paying goods from internet, its fast and cheap

We can easily tell if the technology has a huge impact on humanity if their lives have improved it is adopted and it's the most discussed topic in every corner of the world, we used to pay a third party to do a transaction for us, of course it comes with a price and so many restrictions and compliant.

But with Bitcoin everything changes for the better, and the best part is we need to educate ourself first, on how to be a bank ourselves, there were times we leave it all to a third party and become ignorant on how things work.

But now we become our own bank, trader, investor, and developer, it's a big milestone for us and we only have Satoshi Nakamoto to thank for everything.

You are not seeing the way it has changed a lot of people’s financial status because you have probably not explored other opportunities that are available in it for making money. one of the key reason why bitcoin was actually created is what you are using it for, and it has also help  so many people with their transactions too as much as it has helped you too, but we have some benefits that came along with the usage, which is investment, trading and job opportunities.

With these three, it has really changed my life in a great way, it was as if God sent this system to me, because prior to when it was released, I had nothing doing, no job despite my effort to get one and my skills, but bad government factor didn’t give e chance until I got to know if bitcoin. The first door opened when I invested and made money, then I learnt to trade which is now my full job and also do some other jobs where I get paid. So, tell me how bitcoin has not changed my financial status.

All Paypal was is a means of sending money "via email", from your Palm (PDA). Of course there was eCommerce using credit cards and such before Paypal, as not everyone owned a PDA anyway.

30 USD a month very few countries would even allow that (for a full time job), in 1999 you would have to check which were under hyperinflation where that could be possible, or the couple "real socialism" countries where that is a given result of the central planned "command" economy... And right now my country is paying like $5 a month for full time jobs, so yeah, i know...