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Author Topic: Bitcoin impacts?  (Read 7362 times)
data1
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October 24, 2015, 05:41:02 AM
 #21

Bitcoins have certain impacts which are influencing today's world.
Positive impacts ↓↓
(1) Making world cashless-- It online transaction system, no need of physical cash.
(2) Easy money transfer-- Going banks to deposit money is a history now, send money right to your loved ones, sitting at home..!!
Negative impact ↓↓
(1) Makes people less physically active-- Harmful for your health, though!
(2) Carelessness Is harmful--If you lost your device and forgot your PIN, it can become a big problem!! (Except the offline private key backup)

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dothebeats
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October 24, 2015, 05:51:39 AM
 #22

For you which could be the most important impact that bitcoin have made, will make or has been making to our society?

For the time being, its greatest impact in my view is opening new money-earning opportunities for people who earn money online. Faucets, forum posting, microjobs, investments etc. have multiplied due to bitcoin.

Aside from that, it  opened a new world wherein we can be our own banks without the need for any authority to control our spending. Also put pseudoanonymous spending into account, and bitcoin haa definitely changed the way we view money today.

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October 24, 2015, 06:10:04 AM
 #23

For you which could be the most important impact that bitcoin have made, will make or has been making to our society?
In few countries where the governments control its currency and prevent it or limit its exchange with the other fiat, bitcoin is a great alternative that can't be controlled or limited  Wink
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October 24, 2015, 06:18:47 AM
 #24

Gave us the freedom how and what we decide to do with our money. In the future I see it functioning as a full fledge payment option although right now the impact wasn't that great but in the future things will be very much improved.

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October 24, 2015, 07:00:12 AM
 #25

With Bitcoin, banking is an option, not a must when we want to transfer money, save money. It will reduce the total financial costs.
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October 24, 2015, 08:12:50 AM
 #26

The biggest impact is the small fee when transfering large sums of Bitcoins(money).
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November 13, 2015, 02:15:06 AM
 #27

Fast payments, secure account and a developing future for bitcoins. That is the probable future
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November 14, 2015, 11:56:41 PM
 #28

For you which could be the most important impact that bitcoin have made, will make or has been making to our society?

For the time being, its greatest impact in my view is opening new money-earning opportunities for people who earn money online. Faucets, forum posting, microjobs, investments etc. have multiplied due to bitcoin.

Aside from that, it  opened a new world wherein we can be our own banks without the need for any authority to control our spending. Also put pseudoanonymous spending into account, and bitcoin haa definitely changed the way we view money today.


Government will not control our personal spending. It is not its intention or task. It just wants to extract tax from us and spend at its own will. When we are paid with bitcoin, as it is more traceable than cash, it can tax us more effectively. We will end up paying more tax.
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November 15, 2015, 06:17:32 AM
 #29

The most amazing thing about the technology behind bitcoin is its potential to include less fortunate people in parts of the world that do not have access to centralized banking systems.  The technology has the potential to stop oppressive banking and labor practices and that is revolutionary in and of itself.
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November 15, 2015, 06:30:19 AM
 #30

Reliable and fast payments,easy to use,easy to transfer and send,that are some of the bitcoin's best qualities that really stand out.

~Bitcoin~
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November 15, 2015, 06:38:34 AM
 #31

Bitcoin has already started to impact world financial system. Banks are thinking to implement blockchain technology. Lots of countries government already started to get fear from bitcoin because they will be unable to track financial transaction and get tax from those.

But for people like us, bitcoin is a way of freedom to do financial transaction with low fee, I think bitcoin will never die and it will keep other forcing to adapt it.

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November 15, 2015, 08:08:58 AM
 #32

I should think, the biggest impact it has made, was to introduce a more reliable direct person to person payment method for online transactions. The traditional online payment

methods are all centralized and not suitable for the internet anymore. Bitcoin has made eCommerce more streamlined with the introduction of micro payments and direct transfer

between buyers and sellers of services and goods. Bitcoin is cheap and decentralized and for that reason more effective for online use.  Wink

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November 15, 2015, 08:18:36 AM
 #33

Bitcoin absolutely revolutionised payment methods when it hit the market. A fast and secure way of paying online. And people definitely like it as the demand for Bitcoin has been increasing, hence the fact the price of Bitcoin is rising. It is definitely making a positive impact on society.
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November 15, 2015, 08:27:41 AM
 #34

Decentralisation. Unlike most other online payment methods, users doesn't have to trust any third party when making payments and thus reduce the chances of it getting frozen. It also give the idea of storing verifiable data on a public ledger and gave many companies the idea of using blockchain for storing stuff.

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November 15, 2015, 10:55:30 AM
 #35

We might recognize in the future that bitcoin's biggest impact in the current years has been to slowly enter people's minds as a safe haven alternative; one which is immunized against governments (taxes, embargoes, border controls, capital controls, surveillance ...), etc.
It might suddenly go viral at some major government move or economic crisis.
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November 15, 2015, 11:07:00 AM
 #36

Being boss over your own money has made the biggest impact on me personally. That's why I love Bitcoin so much. I don't have to let third parties take control over my money and hope they don't mess up. Because you simply don't know if they will mess up. It's a scary thought that your money is not in your control.

The blockchain technology as well. It has made banks, governments and others aware of the fact that their current systems are old fashion compared to the blockchain. They are testing and will probably replace their old systems once they feel 100% comfortable to do so.
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November 15, 2015, 02:01:56 PM
 #37

It has impact in online industry. They can buy anything available online , transfer bitcoin(money) to another person. They can do that all without knowing their identity and without using physical money.
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November 15, 2015, 02:46:30 PM
 #38

it will have a bigger impact than the internet. what is more powerful than money?
(and it is even more than "just" money)


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December 02, 2015, 10:50:49 PM
 #39

IMO, Bitcoin has largely allowed users to use their coins without restrictions or getting it frozen. It countered the effort of governments to try to freeze the money of it's citizen. It also allowed near instant settlement which is great for goods, compared to other reversible methods.

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December 09, 2015, 01:03:08 AM
 #40

Bitcoin is going to make a big impact in our lives especially in technology and economic

As you can see now is very easy to do global transaction through bitcoin and to set up bitcoin wallet is even easier..so in future bitcoin can becone one of the world currency
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