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Author Topic: I wanted to know!!!!  (Read 2466 times)
Kaneki
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June 07, 2015, 02:21:37 PM
 #41

I know about the benefits of using bitcoin is a rule to transfer Bitcoin is not as complicated as FIAT, disadvantage susceptible to theft which is conducted the Hacker as it had happened before
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June 07, 2015, 02:22:38 PM
 #42

Bitcoins can be called disadvantages.
Constantly increasing the size blockchain.
Very long transfers between wallets.
It is necessary to wait 6 evidence, and it is long!
Many believe that the end will come soon Bitcoins.
How exactly you want to add more data to blockchain without increasing its size? Transfer times are not that long, bigger threat is double spending. You dont need to wait for 6 confirmations you are fine after just 1.
Many people before said that bitcoin won't survive. They all were wrong.


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hunkey600 (OP)
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June 07, 2015, 03:35:45 PM
 #43

Try to imagine the scenario that one day when you travel from a country to another, you don't even need to bring along different currencies and waste on the fees just to convert from one to another. You just need to have your bitcoins with you and practically buy just about almost anything. No worry about banks or credit cards anymore or giving away your private information. It's the freedom here we are talking about.

Well if you are moving from one country to another you can not buy all things from bitcoins, bitcoins are not popular in all countries and also if you need to convert that to fiat in different countries again its a long process.

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June 07, 2015, 03:41:43 PM
 #44

Try to imagine the scenario that one day when you travel from a country to another, you don't even need to bring along different currencies and waste on the fees just to convert from one to another. You just need to have your bitcoins with you and practically buy just about almost anything. No worry about banks or credit cards anymore or giving away your private information. It's the freedom here we are talking about.

Well if you are moving from one country to another you can not buy all things from bitcoins, bitcoins are not popular in all countries and also if you need to convert that to fiat in different countries again its a long process.

It won't be soon. Think of it like this, we are paving the way for our grandkids to have a better world to live in. I don't think Martin Luther King or Malcolm X expected to see an end to racism in their lifetimes. I'm sure they were thinking of their children and grandchildren growing up in a better world.

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June 07, 2015, 03:42:39 PM
 #45

Try to imagine the scenario that one day when you travel from a country to another, you don't even need to bring along different currencies and waste on the fees just to convert from one to another. You just need to have your bitcoins with you and practically buy just about almost anything. No worry about banks or credit cards anymore or giving away your private information. It's the freedom here we are talking about.

Well if you are moving from one country to another you can not buy all things from bitcoins, bitcoins are not popular in all countries and also if you need to convert that to fiat in different countries again its a long process.
I agree, not all countries have accepted bitcoin. and not even all of them know about it let alone trading bitcoin to fiat.
also it is worth mentioning that bitcoin is not legal in some countries.

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June 07, 2015, 03:55:29 PM
 #46

How exactly you want to add more data to blockchain without increasing its size? Transfer times are not that long, bigger threat is double spending. You dont need to wait for 6 confirmations you are fine after just 1.
Many people before said that bitcoin won't survive. They all were wrong.
To wait for 6 confirmations have to wait at least 1.5 hours. On the credit card does not appear after a Confirmed. This is for me a long time. Sometimes you need urgently money.
Size blockchain really for me does not matter. Memory for flash drives and hard drives grows all the time.

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hunkey600 (OP)
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June 07, 2015, 04:33:27 PM
 #47

Try to imagine the scenario that one day when you travel from a country to another, you don't even need to bring along different currencies and waste on the fees just to convert from one to another. You just need to have your bitcoins with you and practically buy just about almost anything. No worry about banks or credit cards anymore or giving away your private information. It's the freedom here we are talking about.

Well if you are moving from one country to another you can not buy all things from bitcoins, bitcoins are not popular in all countries and also if you need to convert that to fiat in different countries again its a long process.

It won't be soon. Think of it like this, we are paving the way for our grandkids to have a better world to live in. I don't think Martin Luther King or Malcolm X expected to see an end to racism in their lifetimes. I'm sure they were thinking of their children and grandchildren growing up in a better world.

Yeah i agree it won't be soon like you said but it could be better for future generations.

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