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Author Topic: Value of bitcoin  (Read 616 times)
elegion
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November 25, 2017, 12:26:08 AM
 #61

everything have their own advantage and disadvantage,
if we're comparing it to actual money aka fiat,i think it would be better to use fiat at the moment.
right now Bitcoin can not be used by people wholly,what i mean is it has a limited supply and a high fees.
if people use it in their life replacing an actual money,i believe the fees would be huge and it's much more than taxes that we need to pay daily.
plus it's not easy to use for them who do not know about computer or computer savvy.
lastly if we want to use it in our real life,we need to have a physical form.
Bitcoin is good as digital currency,no more than that right now.
we need actual money to value it and keep it alive,at least for now it does not fit to be a real currency based on its technology and system.

Well that's your own perceptions mate, and based on my insights here bitcoin is the leading currency regardless of type whether digital or fiat currency. No wonder how it will influence people's live in the next 10 years, we might notice the changing effects of global adoptions of digital currency in terms of transactions and usability. So we can't exactly have into conclusions that it would not fit into real currency, because technology and system always have developments.

Yeah it truly is amazing how people don't seem to realize things evolve and so does technology and Bitcoin is an example of a revolutionary thing that has come from an even more revolutionary technology (Blockchain) and we should wholeheartedly embrace it. Smiley


Let the battle for Human Liberation Begin ... I'd like to FEED the poor , but I will NOT fund WAR!

Exactly, and no one seems to understand that there will be an increase in the block size which will allow transactions to process faster on the network over time which will eliminate both VISA and Mastercard. Your treasured FIAT currency is slowly being fazed-out by the banks because they cannot control paper money; they'd rather control you through the use of centrally planned digital transactions. Transactions they can intercept and bank accounts they can close with a simple tap of a button when they see you spending money on something they don't like.

FrueGreads:
Is that the type of future you recommend for everyone here?

You've failed to understand that this new form of money is being build over the old legacy infrastructure which is a highly flawed and massively corrupt system of global finance. The Fiat currency system of today is the old system and it’s no different than automobiles of the early 20th century that were forced to drive on muddy roads that were built for horse-drawn carriages. Eventually, new and more stable roads were created for the automobile and all modes of transportation that existed before simply adjusted to the change.

To hell with your TAXES and to Hell with what they told you, I'm sorry but it's THEFT plain and simple; it's a protection racket that functions worse than the mafia it’s self. At least with the Mafia people had the choice to accept their services with a contract. With the Government you don’t; they’ll extort you, threaten you or imprison you for not paying a group of absolute strangers money they had absolutely nothing to do with. What tax supporters hold so dear is an inhumanly violent and non-voluntary system of control where you're forced under threat of violence to support every extreme form of immorality imaginable under duress. You're supporting a system where you cannot say NO, a system where you cannot even voice your opinion in public without being shouted down or arrested, a system where you can't cancel or un-subscribe from arbitrary laws decreed by sociopaths to satisfy their illusions of power, greed, and control. Laws built to benefit and protect the very few people who wrote them, not the people governed by them.

Human life is more valuable, so are you trying to tell me that human life isn't as valuable?

So you're going along to get along, and for what? For worthless pieces of paper that aren’t even worth the ink their printed on and are supposed to represent more value than your life, pieces of paper that took only minutes to create when in contrast it took decades to create me or you? It took decades to create those who printed it, and even those who created the machines themselves. It took decades of hard work, time, and valuable resources to create the homeless person who is now sleeping on the street, the same homeless man or woman you’re system trained you to ignore, and even further forgotten and ignored because of your corrupt and overly inflated debt-ridden system that even a child could see is “bad” and “wrong”. You system is a Humanitarian Crisis spiraling into some Technocratic Orwellian Nightmare.

It took people to create everything you see around you in society, even this darn forum was created by people no different than you or me! So, would I suddenly take the life of another if given the opportunity (like many people in society today) to have all the money in the world? I'm a Libertarian Anarcho-Capitalist and the answer is a resounding, NO!  Because I believe that people or the individual person is the very thing that creates everything you call "value" in these human societies.

YES, you are completely right -- I'm a pain in the ass. YES, it's painful to hear half of the things I’m writing to you and others, but you’ll learn through pain and you will learn to do it right and get it right through shame and practice, shame until you’ve regained your pride.  
 And unlike the masses -- I don't fill my head with television or programming which is also known as “reprogramming” or any of that nonsensical and irresponsible propaganda you find in movies -- I live in a state of constant and unrelenting truth,  and I live it with dogged-determination.

Younggiant2018
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November 25, 2017, 12:47:47 AM
 #62

Do you think using bitcoin is better than using actual money?

they have their own advantages. bitcoin is not effective for low transactions because of its high fee
Bitcoin for now not as favourable as replacement for the actual money since this is not widely used for normal  transaction. Only few knew that there is btc but only in a smallest percentage uses bitcoin.
Sled
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November 25, 2017, 01:23:25 AM
 #63

Do you think using bitcoin is better than using actual money?
I really think that using bitcoin is better than using actual money because the process of paying things will be much easier than before and with the use of bitcoin then we can just live digitally without worrying for anything. Bitcoin is a really great step-up for the payment system in our world and i think that the businesses will be on a simpler and easier days if they will just accept bitcoin.
kodtycoon
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November 25, 2017, 01:30:11 AM
 #64

Do you think using bitcoin is better than using actual money?
No, both are equally good. You can transact using bitcoin on the internet easily and you can transact using fiat money offline with ease too, both have advantages and disadvantages of each. After all, the bitcoin is an asset and not a currency.

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fuer44
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November 25, 2017, 01:33:47 AM
 #65

Do you think using bitcoin is better than using actual money?

they have their own advantages. bitcoin is not effective for low transactions because of its high fee
yes, it's better to save our bitcoin for future investments or for large transactions. for small transactions, for example to buy necessities in stores or markets, better use paper money only.

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Markzuckertion
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November 25, 2017, 01:49:33 AM
 #66

Do you think using bitcoin is better than using actual money?
Of course, I do need to go to nearest bank or ATM, I only need to take my smartphone then transactions is done only by a few clicks. Even when the weather is rain, storm, or snowy, I still can send money as long as I have internet connection.

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November 25, 2017, 01:59:54 AM
 #67

Nowadays. Using bitcoin is much better than using money. Thats why. Investing bitcoin si much better than money. But the problem of saving bitcoins. Bitcoin wallets are really vulnerable from hackers and other scammers. And also bitcoin's price is unstable. Its price may go down, but in time its price will rise soon or later. Unlike money. Its price is fixed .

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VayneAurelius
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November 25, 2017, 02:07:11 AM
 #68

Bitcoin can be good at online shops. But if you want real one, and need to buy in those stores that not accept bitcoin, it is better to have the money with the high btc value.
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