Markistrue
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Activity: 74
Merit: 0
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August 18, 2017, 07:47:56 AM |
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Lots of places to spend your bitcoins on. You don't have to spend it on those subjects you mentioned
It depends. Maybe in your place there are lot of places but not in mine. It is hard to see a stall with a sign that accepts bitcoin. It is always changing it to hard cash first before you can even spend it. Now, I have just been doing online buying instead of going to the mall. The same thing with me either there are only few places here in my country where I can use bitcoins and there is no physical store that accepts it. Good thing that the exchange here is capable for accepting bitcoins by using their service that we are able to buy prepaid load cards. And as well as paying our monthly dues. Here in my country also i cannot use bitcoin on any physical store , only thing i can do is convert to fiat currency and use it or i can only recharge my mobile phone, data card and some online services because that is carried on by individual person who wants btc Do not worry about the progress and acceptance of bitcoin as a means of payment for all the things we need need the process, because the shopkeepers would have much more use of the means of payment that provides many advantages and convenience to them. It may be that your country is still in the stage of recognition so that you get is the unavailability of bitcoin acceptance as a means of payment, so now it would be much better to use bitcoin for investment. Because it is the most profitable than wanting bitcoin can be used for means of payment |
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The block chain is the main innovation of Bitcoin. It is the
first distributed timestamping system.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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wellsontheja
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August 18, 2017, 07:48:18 AM |
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I think it's because some people think (especially for newbie) they can get it free on internet and they dreaming want to be rich by that
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Rinaze
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August 18, 2017, 07:57:37 AM |
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This is exactly why crypto or even BTC is still young despite 7 years in. BTC has not achieve what it has set out to achieve as a currency coin yet. You might think that majority of the world population might know BTC but that is just not true. Although more and more people per day are definitely gaining awareness of the crypto industry.
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greatr
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August 18, 2017, 08:00:38 AM |
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I think 2 reasons for that are that they think that bitcoin is safer, and of course that they can earn more money from bitcoins by trading or just buying them while they are cheap and selling them later. Of course some think of bitcoins as of gold and just keeps their money in bitcoins.
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David Hoggs
Member
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Activity: 67
Merit: 10
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August 18, 2017, 08:01:40 AM |
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People prefer bitcoin over fiat because many people are interested in online transaction(like paypal) rather then paper money as it is fast, reliable and safe.
It is also decentralized and transit charges are not much in compare to fiat.
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Aventhe
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August 18, 2017, 08:13:02 AM |
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I would say that people want to have bitcoin over fiat as it is more anonymous and transactions are much, much faster.
However, its anonymity also has money downsides, the biggest being that it is encouraging the expansion of the black market and dark-net. But, as an average consumer, it is a huge bonus.
Also, another big advantage of using bitcoin over fiat is that the value is harder to manipulate, in a certain way. Bitcoin's value is tied to its user, and is completely decentralised.
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serjent05
Legendary
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Activity: 2842
Merit: 1253
Cashback 15%
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August 18, 2017, 08:52:20 AM |
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I would say that people want to have bitcoin over fiat as it is more anonymous and transactions are much, much faster.
However, its anonymity also has money downsides, the biggest being that it is encouraging the expansion of the black market and dark-net. But, as an average consumer, it is a huge bonus.
Also, another big advantage of using bitcoin over fiat is that the value is harder to manipulate, in a certain way. Bitcoin's value is tied to its user, and is completely decentralised.
Money is more anonymous than bitcoin, and bitcoin is not actually anonymous isnce transaction can be tracked through blockchain. Probably people are holding bitcoin than fiat because it can be moved from wallet to wallet without the hassle of transacting in banks. It has no boarder so it can be transfer anywhere in the world. And most of all it is far from the regulation of the government. |
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blue_dragon
Full Member
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Activity: 251
Merit: 100
Powered by Artificial Intelligence & Human Experts
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August 19, 2017, 11:15:14 AM |
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Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ? I have seen a lot of members in this forum discussing about buying drugs, gambling and enjoying porn with bitcoin. Is not it a misuse of a currency ? Block chain tech is a awesome tech and btc is getting popular. I hate these misuses of precious btc. It hurts me. This will lead into unhealthy society along with unhealthy future generation.
Man make different technologies and things such as Bitcoin to make our lives easier and safer. But in the end human abuse it and used in some illegal things. Hence, it depends on the person on how he or she use it. |
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NoNetwork
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August 21, 2017, 09:49:09 PM |
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That's why they choose bitcoin and misuse can't be avoided. Some people do not want to be tracked when transacting. For example buying goods / commodities online where they ask you to enter your confidential or credit card information that is too risky
Well not all countries have already accepted Bitcoin as a mean of payment so you will still need to convert it to fiat to whatever country you're in. That's true using credit cards is a bit risky, but having this fact above Bitcoin is risky as well. |
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Japinat
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August 21, 2017, 10:23:31 PM |
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That's why they choose bitcoin and misuse can't be avoided. Some people do not want to be tracked when transacting. For example buying goods / commodities online where they ask you to enter your confidential or credit card information that is too risky
Well not all countries have already accepted Bitcoin as a mean of payment so you will still need to convert it to fiat to whatever country you're in. That's true using credit cards is a bit risky, but having this fact above Bitcoin is risky as well. You don't need a credit card if you have bitcoin in your balance, you can simply but a debit card because nowadays there are a lot of it and we should be delighted with that since that means they are giving us comfort. When I will start my travel soon, I would try to use my debit which is funded with bitcoin, but since I am still in my country now which bitcoin is supported, I don't need that yet. |
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unknown-user
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August 21, 2017, 10:34:00 PM |
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Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ? I have seen a lot of members in this forum discussing about buying drugs, gambling and enjoying porn with bitcoin. Is not it a misuse of a currency ? Block chain tech is a awesome tech and btc is getting popular. I hate these misuses of precious btc. It hurts me. This will lead into unhealthy society along with unhealthy future generation.
Unfortunately, due to Bitcoin's anonymity of its users, they can use it on things as they like whether it is good or not. There are lots of advantages of Bitcoin compared to fist. Its price increases from time to time because of its volatility. It is also decentralized so as I've said, you may use it freely and also, it is tax free to most of the places where it is used. |
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Ewinsane
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August 22, 2017, 05:15:44 AM |
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Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ? I have seen a lot of members in this forum discussing about buying drugs, gambling and enjoying porn with bitcoin. Is not it a misuse of a currency ? Block chain tech is a awesome tech and btc is getting popular. I hate these misuses of precious btc. It hurts me. This will lead into unhealthy society along with unhealthy future generation.
Unfortunately, due to Bitcoin's anonymity of its users, they can use it on things as they like whether it is good or not. There are lots of advantages of Bitcoin compared to fist. Its price increases from time to time because of its volatility. It is also decentralized so as I've said, you may use it freely and also, it is tax free to most of the places where it is used. From my own experience, Bitcoin is not fully anonymous. I believe someone can be traced in some ways when they’re using Bitcoin. The crypto with full anonymity is Ethereum. Though people prefers Bitcoin more than that. Another thing that makes people accept bitcoin is because of easy transaction, full control over their money, smart investment, well…I think I should add “anonymity? |
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Anonaneadone
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August 22, 2017, 05:25:51 AM |
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When i first sighted the bitcoin, i see that bitcoin use for drugs, herbal plants that rare to found and other illegal and for me it is not new
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Sanitough
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August 22, 2017, 06:15:44 AM |
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When i first sighted the bitcoin, i see that bitcoin use for drugs, herbal plants that rare to found and other illegal and for me it is not new
Maybe before but as it's adoption is growing people does not only view this for illegal activities only. In fact big country like japan are already accepting bitcoin for different type of business industry, that's how popular bitcoin now and it has change the way people transact from centralized to decentralized. |
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Magic Sarap
Member
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Activity: 350
Merit: 14
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August 22, 2017, 06:21:46 AM |
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Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ? I have seen a lot of members in this forum discussing about buying drugs, gambling and enjoying porn with bitcoin. Is not it a misuse of a currency ? Block chain tech is a awesome tech and btc is getting popular. I hate these misuses of precious btc. It hurts me. This will lead into unhealthy society along with unhealthy future generation.
Bitcoin is decentralized, and is the reason why more people are being hooked up into it. They may use Bitcoin as they like, sadly there are people that uses their Bitcoin in illegal activities since Bitcoin and other cryptocurrency are opensource system. And I hope, in the future, there'll be restrictions on using Butcoin in illegal activities in order to preserve its good reputation. |
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BenjaminPeacock
Newbie
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Activity: 15
Merit: 0
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August 22, 2017, 06:35:41 AM |
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You don't have to exchange currency with bitcoin. If I have 1 BTC and send it to you, you now have 1 BTC. We didn't have to go through an intermediary and didn't have to exchange GBP for JPY. It is also not tied to any government and is free from political risk, or central bank policies. There is a limited supply vs. fiat where a treasury department could just print more money.
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ivrynx
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August 22, 2017, 06:41:09 AM |
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people prefer bitcoin over fiat, one reason being that bitcoin is decentralized, there is no national bank that is dictating the price of goods you can purchase when using bitcoin, also everyone can have bitcoin, as long as you have a secured wallet you can make transactions online with anonymity, unlike with banks, people can view your transactions, if they asked the bank or of they can have in to the banks system. Fiat is also good, however since that fiat is no longer backed up by gold, having fiat money seems to be worthless, you can say you have a million of your country's currency in your hand, if you go to a place where in the exchange rate for your money has a lower value, you will not be happy owning that million, take Zimbabwe's currency for example, if you have a 100 trillion note it can only be exchange to 40 US cents, and that is due to overprinting of their money, not being backed up by gold, or any other commodity, unlike Saudi's currency, i believe it is still back up by their oil up until today, bitcoin however is backed up by digital information, like block chains, which in turn, has been used for transactions during its first years that has value of not higher than a 1 USD, and now bitcoin's price has moved upward, giving the holders a much higher capital gain, than fiat. I believe the value of bitcoin also contributes, to why people prefer bitcoin over fiat.
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Baby Dragon
Sr. Member
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Activity: 896
Merit: 272
OWNR - Store all crypto in one app.
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August 22, 2017, 06:42:24 AM |
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Some people prefer bitcoin over fiat because on some places bitcoin is tax free. I guess it's not bad to use bitcoin for something as long as you're not breaking any law/rules from your place. There's much more misuses of btc but if we continue this discussion it's getting kinda off topic when the title is about bitcoin and fiat.
Actually, some people prefer to use bitcoin than fiat because using bitcoin is tax free and you can use it in different kind of transaction like paying bills and many more. In addition to that, bitcoin is very easy to use and you can also use it in gambling sites. Lastly, I think bitcoin is will become our future money. |
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BitcoinPC
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August 22, 2017, 06:46:37 AM |
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Some people prefer bitcoin over fiat because on some places bitcoin is tax free. I guess it's not bad to use bitcoin for something as long as you're not breaking any law/rules from your place. There's much more misuses of btc but if we continue this discussion it's getting kinda off topic when the title is about bitcoin and fiat.
Actually, some people prefer to use bitcoin than fiat because using bitcoin is tax free and you can use it in different kind of transaction like paying bills and many more. In addition to that, bitcoin is very easy to use and you can also use it in gambling sites. Lastly, I think bitcoin is will become our future money. These all are valid reasons that we could prefer bitcoin over to fiat. But i am sure majority of the people want to use both of them, because without fiat bitcoin is useless and in real world, we need fiat more than bitcoin. No doubt bitcoin give us a lot of facilities, but all these facilities are belong to only online world. Then i will go in this way, where i get bitcoin and also fiat currency. |
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Ilegendph
Full Member
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Activity: 434
Merit: 103
Thinking on the higher plane of existence.
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August 22, 2017, 07:49:17 AM |
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Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ? I have seen a lot of members in this forum discussing about buying drugs, gambling and enjoying porn with bitcoin. Is not it a misuse of a currency ? Block chain tech is a awesome tech and btc is getting popular. I hate these misuses of precious btc. It hurts me. This will lead into unhealthy society along with unhealthy future generation.
The reason why some people prefer bitcoin is that buyers and sellers can transact without having there profiles revealed, for this reason why bitcoin is used in illegal activities but more people use bitcoin to pay for their services needed. For example in this forum, advertiser pays bitcoin for campaign signitures which is more convinient rather than using paypal or credit card, See , not all people uses bitcoin for illegal purposes and these people are increasing as they found it more convinient. |
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