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Author Topic: can bitcoin change our world?  (Read 2721 times)
awawo
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April 16, 2018, 07:35:57 PM
 #801

The question of is bitcoin really beneficial to our world is really an understatement due to the fact that bitcoin is the 21st century revolution in the world financial system and also a chance of us having a secondary currency so the benefit of bitcoin to our world are so numerous advantage to this our present generation. Bitcoin is changing our present financial life and I believe bitcoin will keep on providing us the ability of a peer to peer payment system and the ability to send money across borders.
Loveydovey04
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April 16, 2018, 07:44:49 PM
 #802

Change is a broad term. Change in what way? It did i think. Changed people’s perspective, change some jobless people’s lives from rags to riches. Changed people’s lifestyle and habits. Before i used to finish my day staring and scrolling social medias but now i am more interested in reading news about cryptos and checking exchanges.

Mamoot
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April 16, 2018, 07:45:17 PM
 #803

But what does that decentralized technology really do
To infer what the intrinsic value of bitcoin
I haven't been able to do it maybe somebody else can.

Can bitcoin change our world?I want to learn from your opinion.

Obviously international transfers will be faster accessible ,, When you pay by check from another bank to your bank, the bank will often hold your money for a few days, as it is hard to believe that the funds are really available. Similarly, the international transfer network can take a relatively long time. Bitcoin transactions are however generally much faster. Transactions can be instantaneous if they are already in a "zero-confirmation" transaction meaning that traders take the risk of receiving unconfirmed transactions by Blockchain.
Karakyli
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April 16, 2018, 07:48:35 PM
 #804

Bitcoin is a new generation of decentralized digital currency, created and operating only on the Internet. It is not controlled by anybody, the currency issue occurs through the work of millions of computers around the world using a program for calculating mathematical algorithms. This is the essence of bitcoin.
Bitcoin gives us the opportunity to rewrite the financial system and how the potential of the blockchain system can decentralize our world.
Marry Finch
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April 16, 2018, 07:55:40 PM
 #805


The most important difference between bitcoin and all other forms of money is decentralization. No institution in the world controls bitcoin.
The central control body of the bitcoin network does not exist: it is distributed to all participants, and every computer that produces bitcoins is an equal participant in this system. This means that no central body has the ability to dictate the rules to the owners of bitcoins. And even if some part of the network goes offline, the payment system will continue to work stably.
wolfracer
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April 17, 2018, 12:18:30 AM
 #806

But what does that decentralized technology really do
To infer what the intrinsic value of bitcoin
I haven't been able to do it maybe somebody else can.

Can bitcoin change our world?I want to learn from your opinion.

The limitations that exist to open personal accounts in banks or move certain amounts of money as is the case in my country, it has been one of the major impediments to financial development, both personal and national. However, the decentralization of bitcoin has helped the financial destabilization and disincentive, imposed by authoritarian governments.
In cases like these, we can realize the impact that bitcoin has had in both traditional and personal finances, serving as an economic lifesaver for more than one.

zhangxie29152784
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April 17, 2018, 12:20:15 AM
 #807

Bitcoin will slowly change the world, and when we don't have a blockchain, all the payments we make are through the bank.

Now that we have bitcoin, we can transfer our money freely.
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