Amph
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Activity: 3206
Merit: 1069
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July 07, 2015, 08:09:09 AM |
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Bitcoin is irreversible -- that's one thing I like. On the other hand, I also like how it can be accessible everywhere just using your smartphone. Although gaypal has the same option, bitcoin on the other hand has more value and as i said, irreversible. The technology behind bitcoin is also unique and good. Very secured too.
i also like the irreversible thing, and it's the reaosn why many hate paypal, but it depend because many other prefer it for security when dealing with unknown online merchants It's anonymous. But the problem is for example someone try to purchase drugs using bitcoin. This become a new era of transaction without being notice.
Why is buying drugs a problem? I think that's one of its benefits. If people want to buy drugs let them. The law should go after real criminals not criminals they themselves have created from their draconian policies. it is both a benefit and a problem at the same time! it is true that you can anonymously buy drugs and other illegal substances with bitcoin, and stay away from the law and getting caught. but at the same time this is an illegal activity that is being done by bitcoin, after a while if this grows, bitcoin will be advertised by the media as money for criminals. this is bad and will cause many people to stay away from bitcoin as a result. even countries might ban using bitcoin because of it. they should ban cash too, because it can be used for drug, and their currency is not free from this, basically many other thing can be used for buying drug, they are using this excuse only to throw more fud at bitcoin , as usual |
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I HATE TABLES I HATE TABLES I HA(╯°□°）╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
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pooya87
Legendary
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Activity: 3430
Merit: 10517
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July 07, 2015, 01:59:53 PM |
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Bitcoin is irreversible -- that's one thing I like. On the other hand, I also like how it can be accessible everywhere just using your smartphone. Although gaypal has the same option, bitcoin on the other hand has more value and as i said, irreversible. The technology behind bitcoin is also unique and good. Very secured too.
this feature of bitcoin is actually both a good and a bad thing. i love the fact that bitcoin transactions is not reversible and when you send bitcoin to someone there is nothing you can do about it anymore, this eliminates a lot of scamming which we can see happening with paypal. but the bad part is that when you send bitcoin like for buying something you have to trust the receiver or else you have lost your bitcoin with no way to take it back. they should ban cash too, because it can be used for drug, and their currency is not free from this, basically many other thing can be used for buying drug, they are using this excuse only to throw more fud at bitcoin , as usual
people are already using cash, so it doesn't matter , you don't need to convince people if fiat is good or bad. but it is different about bitcoin. when (if) media is advertising bitcoin as being associated with criminal activity like they do with some news, then new adopters might get scared and stay away. |
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bitsat alien
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July 07, 2015, 03:59:20 PM |
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you can be your own bank. this is one of the killer features of Bitcoin
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extrabyte
Legendary
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Activity: 840
Merit: 1000
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July 07, 2015, 04:41:36 PM |
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What do you like best about bitcoin? Decentralization, transparency or easier to move? Or just it makes you look cool?  Bitcoins are a way to instantly send money across the world with very low fees ,they are decentralized no authority can freeze or seize your assets and they are pseudo-anonymous contrary to traditional financial systems |
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ransomer
Newbie
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Activity: 56
Merit: 0
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July 07, 2015, 05:26:06 PM |
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Bitcoin is irreversible -- that's one thing I like. On the other hand, I also like how it can be accessible everywhere just using your smartphone. Although gaypal has the same option, bitcoin on the other hand has more value and as i said, irreversible. The technology behind bitcoin is also unique and good. Very secured too.
this feature of bitcoin is actually both a good and a bad thing. i love the fact that bitcoin transactions is not reversible and when you send bitcoin to someone there is nothing you can do about it anymore, this eliminates a lot of scamming which we can see happening with paypal. but the bad part is that when you send bitcoin like for buying something you have to trust the receiver or else you have lost your bitcoin with no way to take it back. they should ban cash too, because it can be used for drug, and their currency is not free from this, basically many other thing can be used for buying drug, they are using this excuse only to throw more fud at bitcoin , as usual
people are already using cash, so it doesn't matter , you don't need to convince people if fiat is good or bad. but it is different about bitcoin. when (if) media is advertising bitcoin as being associated with criminal activity like they do with some news, then new adopters might get scared and stay away. On the balance I consider irreversibility a negative. I would much prefer fairness over irrevesibility. In my opinion I would prefer that any transaction is settled as fairly as possible. In other words I don't want to pay for a broken product and have trouble because my payment for it is irreversible. Neither would I want to sell a product and receive money - and then hear from the buyer that he wasn't happy... and then argue that the sale is final... money is mine.... I can easily see how it can be abused, and irrevibility is a great thing for criminals. That money can be reversed from the account they were stolen from or defrauded from has been a headache for criminals.. and they had to empty the receiving account quickly and do all they can to ipen it under another name or otherwise try to hide their identity.. such a pain. So for criminals irrevesibility is a great thing. But I'm not a criminal and just want both parties to be happy with any transaction I'm involved in. |
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mark coins
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July 08, 2015, 12:30:12 AM |
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BTCitcoin the future of currency that is the main who make me like this one, transparency and anonymity is plus point of this innovation because it uses blockchain technology which is shared ledger and open for everyone so everything is clear, this will be top currency around the globe as it's going in right direction.
I agree Cryptocurrency has the potential to do this more efficiently than anything else, hence it is poised to become the most valuable asset in existence. |
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Soros Shorts
Donator
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Activity: 1616
Merit: 1003
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July 08, 2015, 12:45:59 AM |
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On the balance I consider irreversibility a negative.
I would much prefer fairness over irrevesibility.
Fairness means different things to different people under different circumstances. You can't build universal fairness into the protocol, so it is just as well that Bitcoin transactions are irreversible because there is no way you can fairly reverse a "bad" transaction using a decentralized scheme. You could always build third party escrow systems on top of Bitcoin wherever they are required, and there are many examples of these around. |
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jeffthebaker
Legendary
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Activity: 1526
Merit: 1034
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July 08, 2015, 12:47:14 AM |
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My favorite part of Bitcoin is how easy it is to send anywhere in the world. With Bitcoin, I can share my writing services with anyone in the world, which is something I couldn't do before.
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bornil267645
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July 08, 2015, 07:51:29 AM |
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The most important fact i like about the bitcoin is the freedom of my own wallet. I mean using a currency without being liable to any system. That's just Virtual Gold man !
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prodigy8
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July 08, 2015, 08:50:50 PM |
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manage my own wealth and not have my livelihood subject to whims of banks and government agencies
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zeraTunerse
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July 09, 2015, 06:12:56 PM |
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The most important fact i like about the bitcoin is the freedom of my own wallet. I mean using a currency without being liable to any system. That's just Virtual Gold man !
Yes that is true.And one more thing i luv about the bitcoin is the privacy. As nobody knows who is using it and who is sending it or receiving it and it also doesn't involve any paper work for money transfers and that makes it more special. |
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Nyau
Newbie
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Activity: 28
Merit: 0
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July 09, 2015, 06:48:29 PM |
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I like everything on Bitcoin, but I want really faaaaasteeeeer confirmations..
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wearepoor
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July 09, 2015, 08:03:35 PM |
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My favorite part of Bitcoin is how easy it is to send anywhere in the world. With Bitcoin, I can share my writing services with anyone in the world, which is something I couldn't do before.
Yeah bitcoin have made online transfers very easy, convinient and time saving with very less transaction fees I generally use my bitcoins for online transfers and online shopping as it is much quicker and very easy way to transfer funds. |
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intrader
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July 09, 2015, 08:05:45 PM |
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bitcoin make online transaction easier then any other payment method,i prefer to shop online at website that accept btc but at the current time not much websites supported yet
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neurotypical
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July 09, 2015, 09:58:42 PM |
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The most important fact i like about the bitcoin is the freedom of my own wallet. I mean using a currency without being liable to any system. That's just Virtual Gold man !
Yes, it's a very good feeling, it just feels good on yoru brain. I hope that more and more common non geek folk start getting that feeling as well. It just feels great to have value that can never be stolen from you unless you make a mistake yourself (not having your computer clean, not saving your paper wallet, lossing passwords..) but it's all you. You can never suffer from bailouts, goverment incompetence or whatever, it's your wealth, and it's worldwide, you can bring it with you, it's a very nice feeling, specially when the price goes up and up too  |
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izanami
Newbie
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Activity: 52
Merit: 0
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July 09, 2015, 10:07:55 PM |
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very easy to transactions (to purchase goods from abroad) or deal about something worth with people
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randy8777
Legendary
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Activity: 896
Merit: 1000
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July 10, 2015, 12:54:51 AM |
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I like everything on Bitcoin, but I want really faaaaasteeeeer confirmations..
i think at some point there will be faster confirmations. it would make bitcoin much better and interesting for making purchases in physical stores. for online payments it doesn't matter that much to me. |
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Scamc0p
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July 10, 2015, 01:01:45 AM |
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Not having my funds tied down in a bank. It is freedom baby and loving it.
But seriously, it is the future of currency and the way it should be handled.
If countries that are having a touch time with fiat currency transitions over towards it, they would be at the forefront of deeming it a viable alternative to what they have now.
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BIT-Sharon
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July 10, 2015, 03:32:32 AM |
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The possibility. Bitcoin has only it's future ahead of it and it can be wildly successful, I hope it is. I hope it's able to be a safe alternative for people. I hope it's able to keep some bad practices in control. Competition is a good thing and competition among currencies in a country doesn't exist.
I hope it become a real method of transaction in real life. |
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Erza
Legendary
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Activity: 1078
Merit: 1000
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July 10, 2015, 05:02:05 AM |
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The possibility. Bitcoin has only it's future ahead of it and it can be wildly successful, I hope it is. I hope it's able to be a safe alternative for people. I hope it's able to keep some bad practices in control. Competition is a good thing and competition among currencies in a country doesn't exist.
I hope it become a real method of transaction in real life. It already has become method of payment in our life, but it is just for some area only not wideworld. May be you can keep on hoping that bitcoin will attract more merchant to use bitcoin |
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