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41  Bitcoin / Bitcoin Discussion / Re: The advantages of bitcoin on: November 09, 2017, 07:12:20 AM
Here is an article on advantages of bitcoin, but it’s more about its appeal for small businesses and alike
https://cointelegraph.com/news/top-10-benefits-bitcoin-provides-new-users

As for the general public, the advantages are:

Anonymity. Much like cash-only purchases Bitcoin transactions are never associated with a person but with the anonymous Bitcoin address.

No Third-part interruptions. The system is 100% peer-to-peer, which gives a greater degree of freedom.

No taxation

Low Transaction Fees. Since there are no intermediary institutions, there are no fees and exchange costs. It’s a great advantage for travelers.

The speed of Transaction. No inconvenience of standard authorization procedures and wait periods.

Mobile Payments. We can do online payments with fiat money too, but unlike traditional online payments with bank accounts or credit cards, again no personal information is necessary to complete a transaction.
42  Bitcoin / Bitcoin Discussion / Re: Help me in understanding bitcoins on: November 09, 2017, 06:53:06 AM
Hey Guys,

Can you help me in understanding bitcoins , the ecosystem , origin and how it really works. I tried to find them but information is available in bits and pieces so looking forward for your help in it.

Thanks,
Gaurav

Here is a Ted talk that explains pretty well the ABC of bitcoin

https://www.youtube.com/watch?v=Vzjtvt77mgc
43  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin Really The Future Of Money? on: November 09, 2017, 06:28:05 AM
Bitcoin has been proclaimed dead 89 times. It has been labeled a Ponzi scheme and a failed experiment. Writers have argued for it to be forgotten and for developers to move on to greener pastures. But moving beyond this rhetoric, it’s not all that difficult to compare the rise of bitcoin to that of another technology: the World Wide Web. http://blockgeeks.com/questions/what-is-your-future-predictions-of-bitcoin/#comment-604

might be the near future of money, but blockchains will be the major technological innovation we take from this, or a different, more recent alt. you cant replace fiat for one, it has unique properties. and I think any gov would be remiss to use actual bitcoin as its currency, esp because its deflationary. without being able to add more coins to the supply, the price would go up to an unusable level as people made mistakes and sent coins to inaccessible places, or lost access to private keys with coins on them. different thing if the state issues a coin (observe the crypto ruble). but using bitcoin as said state currency?


fat chance   Roll Eyes

Agree! Even though Christine Lagarde proclaims that the blockchain technology and cryptocurrency can replace national monies, conventional financial intermediation, and even will ‘puts a question mark on the fractional banking model we know today’, it is still a question whether bitcoin or any other cryptocurrency will totally replace the fiat money.
Eventually, bitcoin will influence all conventional transactions for sure but people will still use dollars, euros, rubbles, etc
44  Bitcoin / Press / Re: [2017-11-08] Bitcoin Is Not so Evil After All on: November 09, 2017, 06:15:58 AM
Right now people - mostly general public who have just heard the word but didn’t really go into all the details - hear only about the speculative side of bitcoin. That its rate is soaring, that there is a lot market speculation, etc. In a few years, or can it be months when people learn about all the convenience of using bitcoin for all their personal transactions, they will welcome it for sure.
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