Hard to swallow pills about Bitcoin and Blockchain

[roadrunnerjaiv2025]

When your throat is too narrow and teeth too dull to digest progress, technologies like the blockchain will choke you easily. It's called technology because it's putting science to GOOD use. Whether or not you will benefit from it is up to you. It seems like the author just made some bad choices.

When blockchain and bitcoin pioneers started all this, they didn't think of decentralization as something that's achievable in a few decades. Considering that money and other forms of trade have been around for thousands of years, we can have a good idea of how long it will take to dismantle and replace the existing financial system. In fact, blockchain technology and bitcoin have already made huge progress in their first decade. We're on the right track. But of course, like the price action, you can't expect things to go smoothly all the time.

[Obito]

If we were to put it this way, bitcoin helps people get money from the banks without the problem of borrowing money from the bank, wouldn't it be better that we are taking money from the bank? We have been in a society that relies on earning money to survive in a daily basis, nothing wrong with people that are taking profits from it.

[Qcrypto]

If we were to put it this way, bitcoin helps people get money from the banks without the problem of borrowing money from the bank, wouldn't it be better that we are taking money from the bank? We have been in a society that relies on earning money to survive in a daily basis, nothing wrong with people that are taking profits from it.

If Bitcoin is the future of money and you are a true supporter then embrace and adopt Bitcoin, stop using fiat money and banks.
That is the real message here

[Coin_trader]

If we were to put it this way, bitcoin helps people get money from the banks without the problem of borrowing money from the bank, wouldn't it be better that we are taking money from the bank? We have been in a society that relies on earning money to survive in a daily basis, nothing wrong with people that are taking profits from it.

If Bitcoin is the future of money and you are a true supporter then embrace and adopt Bitcoin, stop using fiat money and banks.
That is the real message here

Stop using fiat money and banks is not what I understand when I read the content. The author seems angry on how people view bitcoin and introduce it to other people without any knowledge about blockchain. This kind of sentiment is common in crypto because most of crypto users are just attracted because of short term profit you can get on crypto volatility.

[Yatsan]

An interesting view of a person who is involved in Bitcoin for a long time.
Bitcoin and blockchain was created to eliminate banks as a medium of exchange. But people go to banks to withdraw their money. Which is a total contradiction.

Are people really in the industry for the money? Is this the reason why adoption takes such a long time?

Do you share his view?


https://crypto-potential.com/post/hard-to-swallow-pills-about-blockchaincrypto

Bitcoin and blockchain is not hereby created to eliminate banks. It have been originated into the idealization of having another mode of payment through digital currency and to make traditional way of transaction to get even faster. There must not be a competition or comparison in between those two for they are playing their roles depending on the needs and wants of the people availing for the service and benefits they can provide. Indeed it is a fact that people works on Bitcoin and gets into bank to withdraw money for they see Bitcoin as an alternative way to source out possible income that can be converted to fiat. People do have their own reasons on why they get into using and purchasing Bitcoin which might be for the sake of money, investment or even trading but that all falls for the idea of having something you can use for payment and transactions.

[wxa7115]

greed makes the world go 'round.

you've got it backwards---greed drives adoption. it may not be exactly the kind of adoption you hoped to see. i acknowledge there is much more speculative usage than p2p usage today. however, i am confident that as bitcoin's network effect grows and as users move on from their "get rich quick newbie" stage, that will change for the better.

i only arrived on the scene in 2013 because i thought bitcoin was going to the moon and i wanted to get rich. now i'm an avid user. it's a very important part of my life, my finances, my businesses, my social life. it's been a really liberating experience. i'm so excited that i have friends and family interested in bitcoin now---including some who will really benefit from its p2p economy.

people who expected bitcoin to be totally altruistic and non-speculative were always being unrealistic. everyone needs to just accept bitcoin for what it is. it isn't what you idealize. it simply is. it's something different to everybody, whether that means p2p electronic cash or digital gold, or something else, or everything in between.

That is just the way things are, the moment a creation leaves its creators hands then it belongs to the public to do whatever they want with it, bitcoin is money and as such greed is going to be a huge part if not the main component that drives adoption, it is not pretty but it is really effective.

And as you say once people get over their dreams of becoming rich with bitcoin and they actually begin to see its utility and the community around it they will stay and become part of the bitcoin economy which as time passes is becoming bigger and bigger.