Bitcoin: "A Solution Looking for a Problem"

[Anon_7716]

"Bitcoin, a solution for many Fiat problems" It sounds more realistic.

Haha, that is certainly true. That bitcoin is the solution to the problem of fiat. because when we use the bitcoin, will not get a big enough piece to every single thing we do in the bitcoin. Bitcoin is also the best assets to make investments. because in the bitcoin we only wait as prices fall and high.

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[Arrakeen]

I was talking to someone about bitcoin one day and asked, 'why don't you have any?'

He said: 'All I hear are bad things - hacks, thefts...'

I said, 'Doesn't this happen with the dollar?  People steal and cheat trillions every day. I've never had any of my BTC taken from me.  If yours gets stolen, the blame lies on you - leaving it on exchanges, etc.'

His response (by his composure he thought he was winning the argument):  'So all my funds are going to be safe on a piece of paper or chip/USB?'


.................


I couldn't do it any more, HOW ARE PEOPLE SO CLUELESS TO THE FACT THAT FIAT IS JUST AS RISKY?  Are we going to keep arguing until we reach the subject of who places value on what and how it is determined? ARGH

[Zadicar]

"Bitcoin, a solution for many Fiat problems" It sounds more realistic.

I really dont  understand  on what he mean , as you said it more realistic and easy to understand compare to the topic title in my own opinion.  , Money is a very big problem  for some because  some  have a hard time on gaining it physically with bitcoin  you can earn without risking everything.

[JeffBrad12]

"Bitcoin, a solution for many Fiat problems" It sounds more realistic.

there is no a problem with fiat but in their system is having a lot of problems, starting from the institution is managing a fiat and until the goverment. too many a problem in fiat system is made the people is starting for finding an alternative way for that.

[chennan]

BTC is a solution to all the financial problem with centralized systems like banks and taxation as well as blockchain behind bitcoin can be used for several real life application. Therefore i think bitcoin/blockchain can be solution to problems in many fields.

It really isn't a "magic bullet" to fix the situation the world is in caused by central banks.  You can't just rely completely on bitcoins blockchain for everyone to use because there are limits to what bitcoins blocks can hold.  So to say "fuck fiat lets force everyone into bitcoin" isn't a real solution as of now (even though it would be nice on a theoretical level). 

There is some building devs need to do to fix issues of fungibility and block sizes... until then, we will continue having to rely on using fiat for everyday bills and stuff and have bitcoin as "fun internet money".

[chennan]

I was talking to someone about bitcoin one day and asked, 'why don't you have any?'

He said: 'All I hear are bad things - hacks, thefts...'

I said, 'Doesn't this happen with the dollar?  People steal and cheat trillions every day. I've never had any of my BTC taken from me.  If yours gets stolen, the blame lies on you - leaving it on exchanges, etc.'

His response (by his composure he thought he was winning the argument):  'So all my funds are going to be safe on a piece of paper or chip/USB?'


.................


I couldn't do it any more, HOW ARE PEOPLE SO CLUELESS TO THE FACT THAT FIAT IS JUST AS RISKY?  Are we going to keep arguing until we reach the subject of who places value on what and how it is determined? ARGH

I think what people have problems with understanding is that they are super reliant on banks, and that the fact that they are is a bad thing.  The world has gotten so "idiot-user friendly", that people can't seem to fathom being reliable for protecting your own wealth; because banks has things in place to protect customers from fraud/theft it makes them feel very secure.

[Xenophoto]

I was talking to someone about bitcoin one day and asked, 'why don't you have any?'

Because he belongs to the majority of people that only do things that are acceptable by the conformity and is too scared to try something new.

He said: 'All I hear are bad things - hacks, thefts...'

Can't actually argue with that. The social media has introduced bitcoin to people as something that is used in the "Deepweb" and the deepweb is something that you don't wanna explore. And because of that, all the positive things that you can get from using bitcoin is now shadowed by the negative and scary thing.

That person you're talking to is just a commoner in terms of IQ level. He's like all the other person that I've talked to about bitcoin that can never be able to adjust their perspective/PoV about a certain thing, in this case, bitcoin. When you try and encourage them to join this community, they'll be all like "Errrrrr. I don't know, man. Blah Blah *insert lame excuses here*"

[Hirose UK]

Some people have that view about BTC. Do you think BTC is a clever solution in search of a problem?

If bitcoin was a solution,the problem (fiat money) should be solved,but the problem still exists.

So what solution is bitcoin?

For me bitcoin isn`t a solution,bitcoin is an alternative.

I agree. Bitcoin is an alternative than solution. It needs time to solve money problem totally.

So, in other side, to decrease the problem, we have bitcoin to use as money like fiat even the problem is still there.

[goinmerry]

Some people have that view about BTC. Do you think BTC is a clever solution in search of a problem?

Not all can be solved by this currency. If what you meant is bitcoin looking for a problem to which it will also be solved by itself then than could be right. Bitcoin created it so it is also the one who can solve it.

[ImHash]

I have doubts bout it but most certainly bitcoins has created a lots of problems and still solved so many and changed people's lives in so many ways, only if bitcoin didn't need special machines for mining it would have be perfect.

[Herbert2020]

I have doubts bout it but most certainly bitcoins has created a lots of problems and still solved so many and changed people's lives in so many ways, only if bitcoin didn't need special machines for mining it would have be perfect.

yeah, it also would have been great if i had wings so i could fly and also if i could poop gold so i didn't need to work anymore and live happily ever after

[nisya]

"Bitcoin, a solution for many Fiat problems" It sounds more realistic.

Haha, that is certainly true. That bitcoin is the solution to the problem of fiat. because when we use the bitcoin, will not get a big enough piece to every single thing we do in the bitcoin. Bitcoin is also the best assets to make investments. because in the bitcoin we only wait as prices fall and high.

I am agree with this but unfortunately many government don't realize about this and they don't give their statement about bitcoin. in my opinion if the government wants to open minded about bitcoin and give a time to learning about bitcoin, then it will be another solution for their problem in economic especially in their bank economic.

and for now, I think bitcoin will be a solution to us when the rate is up and will be problem if the rate is down 

[lionheart78]

I don't agree with that statement. It would be similar to saying that all new technologies are solutions looking for a problem.

Did we need touch screen smarthpones? No, but now we cannot live without them. A need was created by the companies that created the products. It was not like we were aching to have touchscreen phones before they were released.

The same is happening here. A new technology was created and this technology has all sorts of potentials. Some users understand this and start building services and use cases on top of it. That doesn't mean that part is looking for a problem to solve.

Yeah pretty much this is the clever way of this company to play us in their hands.  We did not ask for anything advance but they give it to us and make us believe that we need them that much by simply making stuff that is accessible only thru their gadget. And yes that doesnt mean that part is looking for a problem to solve.  And if you read the history, Bitcoin is created because of this certain problem so the answer is No.

[severaldetails]

Maybe in some cases bitcoin  showed the people that they had a problem they did not even know about.
Like the lack of anonymity that comes with every online transaction.
And for that problem bitcoin even delivered the solution at the same time.

[Carlton Banks]

I was talking to someone about bitcoin one day and asked, 'why don't you have any?'

Because he belongs to the majority of people that only do things that are acceptable by the conformity and is too scared to try something new.

He said: 'All I hear are bad things - hacks, thefts...'

Can't actually argue with that. The social media has introduced bitcoin to people as something that is used in the "Deepweb" and the deepweb is something that you don't wanna explore. And because of that, all the positive things that you can get from using bitcoin is now shadowed by the negative and scary thing.

That person you're talking to is just a commoner in terms of IQ level. He's like all the other person that I've talked to about bitcoin that can never be able to adjust their perspective/PoV about a certain thing, in this case, bitcoin. When you try and encourage them to join this community, they'll be all like "Errrrrr. I don't know, man. Blah Blah *insert lame excuses here*"

Being confronted with "to Bitcoin or not to Bitcoin" forces people to think about the concept of money. That has a tendency to make said people try to come up with a rational argument for why they "choose" to use fiat, lol. This can quickly turn into the "I never asked to know who Santa Claus is/where babies com from/who shot JFK" style of reaction.

One day, they'll notice how wealthy all their Bitcoining friends are

[cpfreeplz]

I was talking to someone about bitcoin one day and asked, 'why don't you have any?'

Because he belongs to the majority of people that only do things that are acceptable by the conformity and is too scared to try something new.

He said: 'All I hear are bad things - hacks, thefts...'

Can't actually argue with that. The social media has introduced bitcoin to people as something that is used in the "Deepweb" and the deepweb is something that you don't wanna explore. And because of that, all the positive things that you can get from using bitcoin is now shadowed by the negative and scary thing.

That person you're talking to is just a commoner in terms of IQ level. He's like all the other person that I've talked to about bitcoin that can never be able to adjust their perspective/PoV about a certain thing, in this case, bitcoin. When you try and encourage them to join this community, they'll be all like "Errrrrr. I don't know, man. Blah Blah *insert lame excuses here*"

Being confronted with "to Bitcoin or not to Bitcoin" forces people to think about the concept of money. That has a tendency to make said people try to come up with a rational argument for why they "choose" to use fiat, lol. This can quickly turn into the "I never asked to know who Santa Claus is/where babies com from/who shot JFK" style of reaction.

One day, they'll notice how wealthy all their Bitcoining friends are

You bring up a great point here. People don't 'choose' to use fiat, it's something you're introduced to before you can even understand it (as a baby/toddler). If we introduce bitcoins as normal to the next generation then they'll just consider it normal money. It's kind of hard to explain to a 2 year old why decentralized cryptocurrency is better than fiat, but you have to start somewhere!

[thejaytiesto]

Revolutionary technology is often caught in the ironic position of solving a problem that is not really percieved by the masses. This is the case with Bitcoin.

Similarly, back in the day no one understood why the internet was huge, of course, except the smart people which where the small group of technical people/geeks/hackers that saw the potential since day one.

Sooner or later, Bitcoin will shine, be glad that you even know it exists today.

[cpfreeplz]

Revolutionary technology is often caught in the ironic position of solving a problem that is not really percieved by the masses. This is the case with Bitcoin.

Similarly, back in the day no one understood why the internet was huge, of course, except the smart people which where the small group of technical people/geeks/hackers that saw the potential since day one.

Sooner or later, Bitcoin will shine, be glad that you even know it exists today.

100% agree with everything you said. You always here the same thing from these sheep

"I can just walk down the post office anywhere between 9-4, buy a stamp and an envelope for $3.00 and send my friend a nice letter. Why would I want to email them? It's impersonal/cold/dumb/im too dumb/im computer illiterate/ I'm illiterate in general / I'm stuck in my run and that's the way I likes it ya dang hoodlum"

"Why would I use Bitcoins? It's just fake Internet money for nerds and criminals."

If you do 0 research on something it's very easy to have a misconstrued opinion on it.