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Author Topic: Who do we feel biased about in bridging the potential outputs of Bitcoin?  (Read 192 times)
tygeade
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December 14, 2023, 04:14:30 AM
 #21

Where someone posseses a habitual biasing issues towards it oppositions, as a Bitcoin investor or Bitcoin trader, who are we supposed to be biased about? is the the AltCoins that copies and emulates the potential differences of Bitcoin? Or is it the fiat currency that the government holds as a tool (weapon) to standing against the welfares of Bitcoin across its invertors over the globe? Or do we have our darling Bitcoin to be blamed unconciously with its flexibilities romances with the Fiats and the AltCoins?

Active Bitcoiner warriors, draw your swords ⚔️ let's get this done and have ourselves diving in the pools of Bitcoins potentials and merry over the conqueror of ending the global economical challenges.
For me, bitcoin is basically the opposition for fiat, because fiat has been quite unfair for the last century or so, well it has been quite unfair since it was created, even thousands of years ago during the romans era, but still people had a chance to live a decent life.

Let me put it this way, a person who was a SLAVE that worked in the building of pyramids over 5 thousand years ago, got paid more than a minimum wage worker in todays world for many nations. That is the reason why it's more unfair today, you would earn more as a slave back in the day than what you do as a college educated white collar worker today. If you have a salary that prevents you from even getting a home, a simple shelter need which every human needs, and there is a homelessness pandemic around the world, then I am sorry but bitcoin is a must.

Husires
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December 14, 2023, 09:25:42 AM
 #22

If you think about it in terms of investment, long-term investment in altcoin does not achieve excellent results.
If you think about it in terms of technological development, most altcoin are duplicates.
The only advantage for experienced investors is short-term trading.It is not blind bias, but rather based on analytical foundations
Alpha Marine
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December 14, 2023, 12:50:15 PM
 #23

Altcoins are largely useless, but they're also not very harmful to Bitcoin, so I simply prefer to ignore them.

Actually, I believe altcoins are harmful to Bitcoin in a certain way. I believe Bitcoin would have grown bigger and been more adopted than it is today if not for altcoins.
I believe this because there are so many altcoins out there that have more people lose their money. Some altcoins are created to be scams while some were created to be legit but they all have one thing in common, the creators did them to make a profit off of them. So whether it's legit or scam something happened along the line and people lost money.
Now those people who bought those coins bought with the hope that those coins would be worth something in the future, some even Believe it was a way for them to be millionaires (even if it has worked for some people) but they lost their money instead
A good number of these people that have invested and lost would assume that "cryptocurrencies are a fraud", Bitcoin included. And this hinders people who would have adopted Bitcoin.
Many bitcoiners first contact with cryptocurrency was an altcoin.

Secondly, I feel altcoins bring so much heat to the industry and Bitcoin is part of that industry. You have so many frauds and scams committed by owners of projects in the industry. These kinds of activities invite regulatory bodies and security officials to the industry, making Bitcoin a target too.
Take the instance of mixers being banned in the forum. Not all mixers are scams, but the heat of the few with illicit activities taints the image of the rest and for that reason, all have been banned from the forum.

R


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December 27, 2023, 05:10:14 PM
 #24

Where someone posseses a habitual biasing issues towards it oppositions, as a Bitcoin investor or Bitcoin trader, who are we supposed to be biased about? is the the AltCoins that copies and emulates the potential differences of Bitcoin? Or is it the fiat currency that the government holds as a tool (weapon) to standing against the welfares of Bitcoin across its invertors over the globe? Or do we have our darling Bitcoin to be blamed unconciously with its flexibilities romances with the Fiats and the AltCoins?

Active Bitcoiner warriors, draw your swords ⚔️ let's get this done and have ourselves diving in the pools of Bitcoins potentials and merry over the conqueror of ending the global economical challenges.

Why do you think that Bitcoin is here to take over the world economy? Your understanding is flawed. Bitcoin is just a digital currency, it has not been introduced to fight the current economy or to phase out the Fiat currency system. So please come out of this mindset.

Also Bitcoin is not capable of handling the transaction volume that happens worldwide. It is more often investment rather than a currency. There is no war to fight. Bitcoin will flourish alongside the mainstream economy and not by removing it.

I don't think that the OP understands the concept of bitcoin, may be he or she does not understand that bitcoin and fiat needs each other to exist, in the real life there are some firms or institution that does accept bitcoin as the mode of there payment, so what happens in this condition, that's to say that bitcoin has to be converted into fiat for such transaction to be successful, how will bitcoin take over the world when the amount of bitcoin to available now is not even up the the world population, I think before sometimes is been put into consideration, there should be more research to ascertain it's authenticity, has Bitcoin solved all money problems, the answer is no, so why will people just put up some writeup with much facts.

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