The euro was created because a single currency offers many advantages and benefits over the previous situation where each Member State had its own currency. Not only are fluctuation risks and exchange costs eliminated and the single market strengthened, but the euro also means closer co-operation among Member States for a stable currency and economy to the benefit of us all.

Having said that, it doesn't mean that euro needs to be isolated from the rest of the world. Likewise, bitcoin can establish its own niche and exists within its own ecosystem and still traded on the exchange. We substitute country with community/internet/network here. The economy surrounding bitcoin is basically the mining operation. Yeah, we don't have tax, industry to turn raw material into goods, but if you compare the mining concept, its pretty much close to that. If you ask me a question how much a loaf of bread is worth, I should answer 5mtbc (for example) not $1.2 dollar of btc worth.

If you give free coins....anyone beyond boundary of gender will use it.

I hope you got that right. More bad than good still means overall bad. While there are millionaires, there are also those who bought at the highs and lost. And here, i think a lot more people suffer than those gained. For every 1 millionaire there are 1000 people who each lost a thousand

And yes, we just have to play our role. If bitcoin is successful one day those who think cheap and look down on bitcoiners and bitcoin as a whole will all be wrong. I hope they will realize that some day.

Cool.... If it carries the bitcoin logo as well.
Reminds me of dogecoin and Josh wise.

the purchasing power is measured something like this.

In 2015.... 900 btc to buy a house
In 2020.... given the same economic condition, only needs 700 btc to purchase same house on the same location

That means higher purchasing power for 1 unit of bitcoin

why do you need fiat? Isn't that what bitcoin existence is all about?
As long as the age old system is there, we'll forever be bound by fiat

I notice that you use their word "their". So do you really mean to imply that satoshi is not an individual rather than a group of people?

No it's not. Could be a glitch or something in their system and anyway they are back again operating as normal.

Nicely explained. That should clear up a lot of doubts people are having about bitcoin. It actually relates to how we can utilize it. Personally if transaction were to be reversible, I wouldn't be bothered about bitcoin at all.

The only thing I worry about is that it might be facing some stiff resistance that could easily bring it down again to where it was. But anyway, anything is still possible at this stage and it's just too early to tell.

Well, it did bounced from 216 to 233 range and the volume is picking up after a rather quiet week. Just hope it stays and maintain that way.

At the moment, not from where I live but hope to see it become a reality someday. And that doesn't mean only on flight tickets but just about everything we can buy using bitcoin.

Ah...This is something that I agree. Not everybody has patience and is willing to look long term.

Let's face it..As long as we continue to benchmark bitcoin against fiat, we can never reach that stage to independently claim "1 bitcoin is equal to 1 bitcoin" and that is no matter how hard you tried to convince people. Mainly this is what I feel is lacking and what I envision for bitcoin to become a currency of its own.

So here's my thought.

For an Individual's perspective
A person earns his wages in bitcoin (we are there)
A person can spend his earning to fulfill all his daily needs which means he/she can buy anything, and I mean anything with bitcoin (Something we are lacking because not all goods and services accept bitcoin)
If we have goods priced only in bitcoin and accept no fiat for it (that would be the best, but I see this lacking)
At the end of the month, refills back his spending power from his monthly wages paid in bitcoin
A portion of his earning, not spent is kept in the wallet and HOARDED...and yes, hoard all you want

For a business entity
Make available products priced in bitcoin
Accounting ledger and reported earnings all done in bitcoin
Pays workers' wages in bitcoin

So what I'm trying to say here is that as long those two infrastructure or components are there, we are basically on our own enclosed ecosystem

What prevents bitcoin from taking off is basically:
#1 : The spending part where we can't buy all the things we want using bitcoin
#2 : Lack on the number of company/business entity which is bitcoin oriented

Basically we are telling people to spend. But the actual fact or scenario is that we can spend but at the same time, we need to buy back to cover the amount spent or else it will just be a net drain of fund which leads to nothing for bitcoin. However, if we manage to establish the ecosystem here, we are basically on our own. Free from fiat and that is when 1 bitcoin is equal to 1 bitcoin..

Try to go to blockchain.info and insert your address to check your transaction status. Sometimes there might be a delay of few minutes between what is showing up on your electrum list and what is shown on the block explorer. That is due to which electrum server you are connected to.

Almost every hour except when I'm sleeping. The first thing when I woke up is to grab my phone and reload the coinmarketcap page before I get on to the other daily chores.

As long as the network still exists if you ask me. There are people who see intrinsic value in it because of the technology. And it's the people that form the community that hangs on to it that will make it last. Well, you can see people giving up but you also see newcomers joining.

If you ask me, bitcoin is the real victim over here.

LOL....I'm one of them. I suffer from some kind of bitcoin paranoia disorder where it will make me check the price every hourly and sometimes when it gets worse, I will stare at the same page.

If one day all items can be purchased with btc and i mean everything, including services, we can forget about its equivalent fiat worth. 1 btc = 1 btc