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Author Topic: Bitcoin the good the bad and the future  (Read 1473 times)
zee11224 (OP)
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March 11, 2015, 01:28:59 PM
 #1


Accept  <3
Bralex
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March 11, 2015, 01:45:04 PM
 #2

Nice visual pretty basic but you are helping new people understand a little more which is good.
I have a few questions being that Bitcoin is for everyone do you believe that it is bad that criminals use it? Criminals will use any currency the most popular being the USD. 

There is more than 11 million in circulation we could not have lost close to 3million already  Huh

Great so this is the guy Chris Dixon for the multiple threads that bitcoin is going to intergalactic space i mean i believe in Bitcoin but 100,000.

Also an emerging technology does not make it bad and if you protect your coin with a half decent amount security you should not lose a single satoshi.

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gkv9
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March 11, 2015, 01:49:09 PM
 #3

Whether good or bad, the only thing that matters is, its acceptance worldwide and let the whole world decide the answer for that question...

Anyways, I think everyone should check out this site:
http://1infographics.blogspot.in/

Found some very good information with cool graphics giving better knowledge and understanding of BTC...

Q7
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March 11, 2015, 01:56:30 PM
 #4

Just because it can be stolen doesn't mean it's bad. Even the best and most ideal currency can be stolen. And on the anonymous part, it's supposed to be good. Not because of the reason that it is related to criminal activities, but because us as a user has the right not give away your personal information so easily on the internet. If you use credit you will know what I mean.

Raeg
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March 11, 2015, 02:03:06 PM
 #5

Looks great... except that Amazon and Paypal do not accept bitcoin. One if PayPal's owned businesses does I think but definitely not Paypal the payment processor, though hopefully this will change in the very near future.
zee11224 (OP)
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March 11, 2015, 02:05:01 PM
 #6

Just because it can be stolen doesn't mean it's bad. Even the best and most ideal currency can be stolen. And on the anonymous part, it's supposed to be good. Not because of the reason that it is related to criminal activities, but because us as a user has the right not give away your personal information so easily on the internet. If you use credit you will know what I mean.

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Denker
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March 11, 2015, 02:07:34 PM
 #7

Bitcoin is not really anonymous. There are and will be ways where you can be tracked.
Furthermore the volatility will decrease with more and more adoption in the future. So then Bitcoin will be useful as for companies as for consumers without having the need to convert back into Fiat.
And yes Bitcoin can be stolen. It can be stolen as any other currency out there.So what...
zee11224 (OP)
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March 11, 2015, 02:11:10 PM
 #8

Bitcoin is not really anonymous. There are and will be ways where you can be tracked.
Furthermore the volatility will decrease with more and more adoption in the future. So then Bitcoin will be useful as for companies as for consumers without having the need to convert back into Fiat.
And yes Bitcoin can be stolen. It can be stolen as any other currency out there.So what...

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TheGame
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March 11, 2015, 02:22:39 PM
 #9

Bitcoin is not really anonymous. There are and will be ways where you can be tracked.
Furthermore the volatility will decrease with more and more adoption in the future. So then Bitcoin will be useful as for companies as for consumers without having the need to convert back into Fiat.
And yes Bitcoin can be stolen. It can be stolen as any other currency out there.So what...

It's pseudo anonymous. Anyone can create an account free of their identity or personal details. You can't do that with a bank account so it is anonymous in that respect. but the transactions are all logged obviously but it's hard / near impossible to identify someone from that alone.
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March 11, 2015, 02:28:10 PM
 #10

I like the visual, very nice, save on my device <3
actually the bad things of bitcoin is became from who use it, they use it with bad things and for they-self, too greedy Roll Eyes well i think bitcoin is the future which can solve transaction problem.
let see what chris said, i hope he's right Smiley


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March 11, 2015, 02:30:32 PM
 #11


Just watched this today - The Lie We Live  (check for local subtitles).

Free yourself, buy Bitcoin.
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March 11, 2015, 02:57:55 PM
 #12

http://www.entrepreneur.com/article/230354


this is the same article that i found on internet 
bitcoin price will rise major company will accept bitcoin in future

 

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March 11, 2015, 03:03:25 PM
 #13

This advert seems a little disingenuous to me.  The price was $13 at the start of 2013 and $800 at the start of 2014, what was it at the start of 2015? That part is left out!
Also the prediction of the price part is the same, some predict $10,000, others predict $0,00.

I like the idea of having an info poster, but if it is too one sided, then people will ignore it.
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March 11, 2015, 03:09:38 PM
 #14

Great infographic! Pretty simple and straightforward too. Just shared this photo to my friends and families and I'm waiting for their responses.

Cool stuff, thanks for sharing. The future holds the answer to all those questions that we have in mind. Smiley

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March 11, 2015, 03:10:33 PM
 #15

the future of bitcoin, should be to remove the bad out of it, nonetheless i like that front, it represents bitcoin well
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March 11, 2015, 03:13:20 PM
 #16

Basic information on BTC for Newbies. But great visual presentation.
vrm86
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March 11, 2015, 03:22:57 PM
 #17

"The bad" describes some issues that conventional money also is vulnerable to:

-it can be stolen,
-cash transactions are often more anonymous (however cash has limited usability)
-money creation and financial regulations are far more complicated than cryptographic currencies mechanisms IMHO, also you don't have to fully understand that things to be able to use cryptos or fiat.

Good job anyway Smiley
AtheistAKASaneBrain
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March 11, 2015, 04:07:25 PM
 #18

All these bads arent really bad, it's relative and the price fluctuation will stop once it goes worldwide. 100K per coin? Who knows, it could be since no one even imagined Bitcoin could reach 1 dollar, let alone 1000, back in 2009.
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March 11, 2015, 09:46:09 PM
 #19

Forgive me for being naive here, but who is Chris Dixon and why does his price prediction have weight? Or why should it have weight?

I'm not being a smartass, what expertise does Chris have that leads us to believe that his $100,000 per coin estimate is realistic?

It's a great flyer!

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March 11, 2015, 10:30:17 PM
 #20

Looks great... except that Amazon and Paypal do not accept bitcoin. One if PayPal's owned businesses does I think but definitely not Paypal the payment processor, though hopefully this will change in the very near future.
Yeah I was just about to point that one out. I guess there are some mistakes in the info graphic, although it is nice.

Bitcoin is not really anonymous. There are and will be ways where you can be tracked.
Furthermore the volatility will decrease with more and more adoption in the future. So then Bitcoin will be useful as for companies as for consumers without having the need to convert back into Fiat.
And yes Bitcoin can be stolen. It can be stolen as any other currency out there.So what...
Obviously it is not anonymous if I say: Hello, I'm Lauda M. and my Bitcoin address is *insert random address*.
It can definitely be anonymous if one uses it corectly.

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