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Author Topic: Why should people use Bitcoin?  (Read 122103 times)
richardsNY
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March 25, 2017, 11:25:14 PM
 #741

But the problem is the fees are getting higher higher and many people dont want that, also the transactions are getting slower and slower.

I see a lot people are mixing things up, transactions aren't getting slower -- transactions speeds are almost instant. You are referring to the confirmation times as transactions take longer to confim due to people including poor fees. I can agree that fees are too high, but we can't do much about it other than to make the most out of every situation. You either include proper fees and see your transactions confirm (generally) within 2 blocks, or you stay stringy and keep waiting many hours for a single confirmation to come through.
The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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March 25, 2017, 11:25:38 PM
 #742

The main that why i think people should use bitcoins is because you can buy whatever you want and no one can trace you or your transaction.
If people start using bitcoins then it will inspire shopkeepers to accept bitcoins online and in local.
Another misconception here that no one is able to trace your transaction when it comes to bitcoin when ever transaction has a public ledger  Smiley If a shop keeper plans to accept bitcoin he has to have the ability to convert it to the local currency as soon as possible and with the current situation it is not possible .
Actually, bitcoin is more transparent than ordinary fiat when it comes to tracing or such. As you can see that the transactions always saved and can be traced by simply using blockchain explorer, but, people keep repeating that bitcoin is untraceable. Such a bad misconception that's get people wrong about bitcoin.
Bitcoin is highly transparent than the fiat or other transaction source that we use. Only the end to end user identity is not known by the user viewing the transaction. So misconception need to be resolved making users understand the reality.
yeah what they understand about untraceable is that people can not trace the bitcoin sender / receiver ,
but actually what makes important is when the whole transaction recorded publicly in blockchain network ,
when in the bank you can not do that right?
that is what people called bitcoin as a freedom and you should use it when you want a real financial freedom.
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March 26, 2017, 07:05:16 AM
 #743

We can't force some people to use bitcoin because we have different mindset.. But if they just know how convenient it is to use than fiat and its continues increase in value they will surely like the benefits of it.

 
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March 26, 2017, 10:06:02 AM
 #744

I think bitcoin can provide answers to all the needs that they expect from the financial system, which is easy, safe use is not complicated, the transparency of this is what makes people want to always use bitcoin.
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March 26, 2017, 10:21:28 AM
 #745

We can't force some people to use bitcoin because we have different mindset.. But if they just know how convenient it is to use than fiat and its continues increase in value they will surely like the benefits of it.

That is why the onus lies on us the community to spread the news to the untold so that they will come on board and support us to grow. We have to explain to them to know how convenient it is to use Bitcoin right from the comfort of your home or your phone at relatively low fees globally.
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March 26, 2017, 10:26:16 AM
 #746

I think bitcoin can provide answers to all the needs that they expect from the financial system, which is easy, safe use is not complicated, the transparency of this is what makes people want to always use bitcoin.
Transparency in the transaction is a must and now it is much satisfied with the bitcoin and other digital currency. Also it is very user friendly and doesn't have big complications. To make bitcoin more popular and a better source for all needs every people need to use it.

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March 26, 2017, 10:32:43 AM
 #747

Bitcoin is the future of money, or so they say.


I would like to hear your opinions on Why should people use Bitcoin?



It is easier to transfer from one to another, it does not have a transaction fee and it is a good investment too, even without doing anything but saving, you're getting some income when the bitcoin price is getting higher than the day you brought it. Even it have some limitations in buying things still it has a good potential, and in some certain countries they can even convert bitcoin into fiat.



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March 26, 2017, 12:06:29 PM
 #748

This current era of technology has developed rapidly. bitcoin is one part of the current technology. bitcoin is one form of replacement for real money at this time. lot owned by bitcoin, such as speed and ease in every transaction. especially in the future most people have mobiles properties that should be fast paced to perform various actions.
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March 26, 2017, 12:37:24 PM
 #749

But the problem is the fees are getting higher higher and many people dont want that, also the transactions are getting slower and slower.

I see a lot people are mixing things up, transactions aren't getting slower -- transactions speeds are almost instant. You are referring to the confirmation times as transactions take longer to confim due to people including poor fees. I can agree that fees are too high, but we can't do much about it other than to make the most out of every situation. You either include proper fees and see your transactions confirm (generally) within 2 blocks, or you stay stringy and keep waiting many hours for a single confirmation to come through.

Actually what you are saying is totally false i remember , 2 weeks ago i made a few transactions like 0.8 and 0.5 with a fee of 25k satoshi but it took 2 hours to get a single confirmation on the 0.8 'th one and after that i was in the middle of sending 0.5 btc with same fee as well.
But when 40 mins got over and i didn't got a single confirmation then i made another transaction of a small amount like 0.0003 but this time i included fee 0.001.
Surprisingly tx for confirmed within 20 min plus that 0.5 'th aswell.
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March 26, 2017, 01:05:49 PM
 #750

I use bitcoin for a lot of reasons, in addition, to making online transaction easier and flexible can also for exchange these values which mean control a bigger especially can be used for investment in a not too long

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March 26, 2017, 01:23:16 PM
 #751

Bitcoin is the future of money, or so they say.


I would like to hear your opinions on Why should people use Bitcoin?


In my opinion it is only the ease of the use of bitcoin to make deals with your own money without came across any types of the Midway agents and secondly here in bitcoin we get the privacy to make transfer our bitcoin and use it in any ways Anonymously .
So it is just like a source of money or a treasure of the internet money that can't be destroyed by anyone in anyway because its algorithm at which is operating is highly secure than any other altcoins or coin .
So here use of bitcoin prefer by us more then any Fiat or other .
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March 26, 2017, 01:26:08 PM
 #752

We can't force some people to use bitcoin because we have different mindset.. But if they just know how convenient it is to use than fiat and its continues increase in value they will surely like the benefits of it.
it never hurts to tell someone about bitcoin. if they are interested on bitcoin. it's a good thing if they are not interested it's not a problem right ?  at least you've tried to tell them
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March 26, 2017, 01:30:02 PM
 #753

Be honest, Bitcoin is a good payment for me
fast transaction and I always use bitcoin to buy something on the internet.
Thi is my reason why I use bitcoin.

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March 26, 2017, 01:42:01 PM
 #754

I don't think common people "should" use Bitcoin right now, it's very complicated for most, specially women and not tech savvy people. I don't want to sound harsh but that's my experience. Also to be honest everything can be done via credit cards or paypal, there's not an actual need for Bitcoin for them. Privacy is an illusion and credit cards have insurance, there's no risk and they are instant.

Bitcoin strengths are other things, like its unique technology, disruptive ideas that can be applied or used in the future but because of price volatility and difficult to get a hold of it hasn't found a niche yet.
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March 26, 2017, 02:15:08 PM
 #755

Bitcoin is the future of money, or so they say.


I would like to hear your opinions on Why should people use Bitcoin?


Bitcoin will be a good future money im earning money because of bitcoin people should start using bitcoin as their own purposes investment if they knew how bitcoin will help and change their belief on this digital currencies there always people who are againts with bitcoin and you can't change that.

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March 26, 2017, 02:26:49 PM
 #756

Personal comfort if for me.

Bitcoin is a currency that is relatively private. On the one hand, the process is transparent thanks to Bitcoin trasaksi blockchain, everyone knows how much certain Bitcoin address holding transaction.

They knew where the transaction originated, and where they are shipped. On the other hand, unlike conventional bank accounts, no one knows who the Bitcoin address specific holder.
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March 26, 2017, 06:27:35 PM
 #757

There are many benefits attached with bitcoins which cannot be seen with any other currency, bitcoin is a unique currency which can be earned in different ways and it can be also an good form of investment if you can hold it for a long term and the best thing is that its value keeps on increasing over a period of time.
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March 26, 2017, 09:57:05 PM
 #758

as for as i know no one can trace you ? right ?
yes that is the best feature of bitcoin and you know because of that feature many of gambling sites are successful because with that feature people from all over the world are able to gamble and before bitcoin many of the people were not able to deposit to gambling sites from their bank card due to their bank rules.
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March 27, 2017, 03:53:33 AM
 #759

as for as i know no one can trace you ? right ?
yes that is the best feature of bitcoin and you know because of that feature many of gambling sites are successful because with that feature people from all over the world are able to gamble and before bitcoin many of the people were not able to deposit to gambling sites from their bank card due to their bank rules.

Yes people love bitcoins because they can gamble very easily with which was hard before the existence of bitcoins and now with bitcoins they get total privacy to gamble and no one would be aware about that they are actually in the world of gambling.
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March 27, 2017, 04:08:56 AM
 #760

There are many benefits attached with bitcoins which cannot be seen with any other currency, bitcoin is a unique currency which can be earned in different ways and it can be also an good form of investment if you can hold it for a long term and the best thing is that its value keeps on increasing over a period of time.

Yeah this is what most of us thinks about bitcoin, as the time goes by the price seems to be increasing. And though there is a falling down on it's price we really can see that bitcoin is going to be on that way up. People should realize that we are in the modern days and technology is upgrading just like what bitcoin is beig used.



 

 

 

 

 

 


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