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Author Topic: So, why do we need to use Bitcoin?  (Read 21172 times)
jossiel
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May 12, 2016, 06:34:07 AM
 #141

Financial freedom   Cheesy
Really a genius reply, with bitcoin we really feel freedom , which with other currencies is unable to achieve , with other currencies we have to depend on banks and other third parties to keep it secure.

Yes exactly, by the use of bitcoin even we have different countries we have financial freedom and we can use it to exchange for different countries local currency. That is way better than using your local currency.

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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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May 12, 2016, 08:21:59 PM
 #142

I don't 'need' to use Bitcoin in the sense that someone is forcing me to. We are living in a free world and the good thing is that there are alternatives to everything so we are not stuck using only one service forever. I like to use Bitcoin because it has more advantages than fiat or other digital money processors in certain situations involving sending money abroad or getting paid online for services rendered. I am not saying that Bitcoin is better than fiat in all areas that's far from true. But I need to give credit to Bitcoin when credit is due.

Yea everything has its own advantages like bitcoin is fast , Easy and reliable what makes people to use it is Anonymity . However you are right that we cannot always use bitcoin .
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May 12, 2016, 08:27:23 PM
 #143

I don't 'need' to use Bitcoin in the sense that someone is forcing me to. We are living in a free world and the good thing is that there are alternatives to everything so we are not stuck using only one service forever. I like to use Bitcoin because it has more advantages than fiat or other digital money processors in certain situations involving sending money abroad or getting paid online for services rendered. I am not saying that Bitcoin is better than fiat in all areas that's far from true. But I need to give credit to Bitcoin when credit is due.

Yea everything has its own advantages like bitcoin is fast , Easy and reliable what makes people to use it is Anonymity . However you are right that we cannot always use bitcoin .

It depends on in which you country living in, if you are living in Brazil then you can very easily use bitcoin everywhere but it doesn't goes same with each country.
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May 12, 2016, 08:29:26 PM
 #144

We dont need it. We have e-banking and mobile banking.  Grin
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May 13, 2016, 10:38:24 AM
 #145

Nobody said we need to use it. It's just that BTC is a product with great potential that results in more people being converted into wanting it. Whatever your reason for using it, be it for trading or buying stuff or gambling, there's a motivation for doing so.
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May 13, 2016, 10:44:21 AM
 #146

The reasons are many which I'll list base on my situation:

1. It allows me to purchase stuff through online means (which I couldn't before due to the country I'm in).
2. The fee is little to nothing as compared to other options out there
3. Fast and easily could send money to someone other than my country (normal ways, I had to go through 2 banks in order to complete these kinds of transactions)
4. Pseudonymity
5. No government in control of it
6. No restriction on who uses it

I really agree with you when it comes to having been allowed to purchase some stuffs online globally. Not only that, the fee itself is really little compared to other peer-to-peer technology. That is why I am using bitcoin because of the benefits that I get from it.
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May 13, 2016, 11:26:34 AM
 #147

We dont need it. We have e-banking and mobile banking.  Grin
there are things that can not be done by internet banking can be done by bitcoin. other than that bitcoin is more purple than internet banking.
Internet banking is just another version of the atm. so you will still be wearing a big fee when making transactions with foreign banks or other banks
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May 13, 2016, 11:32:35 AM
 #148

Because we want to be free. we don't want to get ripped off, we don't want to pay taxes. We don't want to pay mad fees to the banks. We don't want to get tracked down.

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May 13, 2016, 11:54:04 AM
 #149

Because bitcoin provides us easier and more efficient global transaction, and it is more private rather than using credit card, and you can gamble with anonymity
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May 13, 2016, 12:26:16 PM
 #150

Because we want to be free. we don't want to get ripped off, we don't want to pay taxes. We don't want to pay mad fees to the banks. We don't want to get tracked down.

Yeah and you have your own bank in the form of bitcoin wallet which you can access anytime you want and you don't need to follow any rules and regulation when it comes to bitcoin transaction.
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May 13, 2016, 12:40:16 PM
 #151

Because bitcoin provides us easier and more efficient global transaction, and it is more private rather than using credit card, and you can gamble with anonymity

I don't have any objections, that features of bitcoin make the user of bitcoin more like to use bitcoin. For that benefit by using bitcoin is can called the reasons why we should use bitcoin.

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May 13, 2016, 12:57:23 PM
 #152

Because we want to be free. we don't want to get ripped off, we don't want to pay taxes. We don't want to pay mad fees to the banks. We don't want to get tracked down.

Yeah and you have your own bank in the form of bitcoin wallet which you can access anytime you want and you don't need to follow any rules and regulation when it comes to bitcoin transaction.

Indeed I also think because of the self controllable ability we should use it for sure without any doubts.
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May 13, 2016, 01:06:48 PM
 #153

We dont need it. We have e-banking and mobile banking.  Grin
e-banking and mobile banking both are operated by banks and they can shut their service down whenever they have problem in their server and also they can clean up or lock your money and you have to go really painfull process to make it unlocked. So bitcoin is more than better and work 24 hour, 7 days a week and 365 days a year without any downtime. I love using bitcoin.  Wink
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May 13, 2016, 01:30:21 PM
 #154

We need to use the bitcoin for the point its self controllable and also that it has such good features like it is global use able, you can pay in any country with it so long its accepted by the stores.
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May 13, 2016, 02:00:08 PM
 #155

I don't 'need' to use Bitcoin in the sense that someone is forcing me to. We are living in a free world and the good thing is that there are alternatives to everything so we are not stuck using only one service forever. I like to use Bitcoin because it has more advantages than fiat or other digital money processors in certain situations involving sending money abroad or getting paid online for services rendered. I am not saying that Bitcoin is better than fiat in all areas that's far from true. But I need to give credit to Bitcoin when credit is due.
Yes, bitcoin is going to be an alternative way of using money. And we are all going to have some extra options for saving/spending our wealth. But, when considering the advantages of bitcoin, we are all going to forget using fiats and going to stick only with bitcoins forever in future.

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May 13, 2016, 05:26:29 PM
 #156

We need to use the bitcoin for the point its self controllable and also that it has such good features like it is global use able, you can pay in any country with it so long its accepted by the stores.
Other than those, bitcoin is really needed for our own security as well. The payments done with fiat, you can be traced because banks/money handlers/payers track you for their record whilst with bitcoins, your anonimity is secured.

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May 13, 2016, 05:36:02 PM
 #157

You don't need to use bitcoin or cars or televisions or expressions like "at the end of the day..." or sporks or duct tape, etc. Yet despite the fact that you don't need to use them, you may well use them for the rest of your life.

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May 13, 2016, 06:07:13 PM
 #158

Because we want to be free. we don't want to get ripped off, we don't want to pay taxes. We don't want to pay mad fees to the banks. We don't want to get tracked down.
so if you use bitcoin it mean you are free from tax? I do not think there will be people who dared to exchange all of their money into bitcoin.

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May 13, 2016, 06:22:38 PM
 #159

Everyone have own reason why he is here and using bitcoin, it's can be everything from default to super unpredictable. But anyway nobody need to use bitcoin, everyone can make choise.

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May 14, 2016, 09:59:49 AM
 #160

I don't 'need' to use Bitcoin in the sense that someone is forcing me to. We are living in a free world and the good thing is that there are alternatives to everything so we are not stuck using only one service forever. I like to use Bitcoin because it has more advantages than fiat or other digital money processors in certain situations involving sending money abroad or getting paid online for services rendered. I am not saying that Bitcoin is better than fiat in all areas that's far from true. But I need to give credit to Bitcoin when credit is due.
But there is no wrong in my opinion, that bitcoin is better than fiat in all means. Because, fiats are highly centralized money and getting it's value lowered over time. But bitcoin is a complete freedom to one's financial needs. So, bitcoin better than fiats always.
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