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Author Topic: Why some people prefer Bitcoin over fiat ?  (Read 58453 times)
ace4549
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November 16, 2017, 10:42:41 AM
 #1361

Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ?
nope. I think satoshi did not make bitcoin for that bad use.

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.
yeah, actually it will make people who do not use bitcoin will think that bitcoin is for criminals. and I ever read someone made a thread who said that his father did not agree his job to earn bitcoin. it was reallt bad.

It depends upon the person on how they will use bitcoins but i dont think that this is being developed in the bad side.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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RealityClash
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November 16, 2017, 11:08:24 AM
 #1362

The code decides what happens.
stellgod
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November 16, 2017, 11:23:11 AM
 #1363

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.

It's because bitcoin is convenient to use, it's easy to pay or send money through bitcoin compared when sending or paying with fiat money. Not just that bitcoin is convenient, it is also profitable because it's price is volatile, it can multiply multiple times depending on it's market demand.
Because they all know that expiry time of cash has arrived and bitcoin will take over the current currency method soon and those who say this are the true believer of bitcoin and they earned a lot of profit through this coin and most probably they want that everyone use bitcoin and get maximum benefits from it and the best thing of bitcoin is that it can be used as investment then why we support a piece of paper to use.

DoublerHunter
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November 16, 2017, 11:25:22 AM
 #1364

Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ?
nope. I think satoshi did not make bitcoin for that bad use.

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.
yeah, actually it will make people who do not use bitcoin will think that bitcoin is for criminals. and I ever read someone made a thread who said that his father did not agree his job to earn bitcoin. it was reallt bad.

It depends upon the person on how they will use bitcoins but i dont think that this is being developed in the bad side.
I agree with you. It is always depend on the person or to the people if how they will use bitcoin because bitcoin is a total freedom so there will be no problem for them on where they are going to use it but for almost of the people in the bitcoin community, they are using it for good and the future of bitcoin will be good because the bad side of bitcoin is just so low and for me, it will be solved in the future with the right regulation of the authorities.
NoNetwork
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November 16, 2017, 12:25:45 PM
 #1365

Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ?
nope. I think satoshi did not make bitcoin for that bad use.

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.
yeah, actually it will make people who do not use bitcoin will think that bitcoin is for criminals. and I ever read someone made a thread who said that his father did not agree his job to earn bitcoin. it was reallt bad.

It depends upon the person on how they will use bitcoins but i dont think that this is being developed in the bad side.
Let me enlighten you guys. Satoshi don't have a single intention for Bitcoin to be used in such manner. Its just that, the concept of Bitcoin itself dragged it down to this lewd and illegal contents. You see, porn sites and the 'black market' are all illegal, therefore if a currency (let's say Dollar) is being used in this kind of platform, it will easily going to be tracked by that government (those transactions) and eventually caught these people that are behind all of these.

But, what if they use a currency that are free to its utilization? Free from crime, and free from recognition. Here comes the concept of cryptocurrency, decentralization. By this people who're using this kind of currency to that platform will just going to easily slip through any illegal acts. They can pay for the Porn, buy weapons, drugs etc. and won't be caught by the government, because they are incognito.

Also this is one of the reasons why some country bans cryptocurrencies.
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November 17, 2017, 07:38:08 AM
 #1366

It was before bitkoin and will be after. Do not need to blame the technology in these actions
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November 17, 2017, 03:28:44 PM
 #1367

To be brief, cryptocurrency is the future and bitcoin is the most common type of cryptocurrency.
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November 17, 2017, 03:33:22 PM
 #1368

Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ?
nope. I think satoshi did not make bitcoin for that bad use.

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.
yeah, actually it will make people who do not use bitcoin will think that bitcoin is for criminals. and I ever read someone made a thread who said that his father did not agree his job to earn bitcoin. it was reallt bad.

It depends upon the person on how they will use bitcoins but i dont think that this is being developed in the bad side.
I agree with you. It is always depend on the person or to the people if how they will use bitcoin because bitcoin is a total freedom so there will be no problem for them on where they are going to use it but for almost of the people in the bitcoin community, they are using it for good and the future of bitcoin will be good because the bad side of bitcoin is just so low and for me, it will be solved in the future with the right regulation of the authorities.
Yes that was right if the person are think that bitcoin can help by him in the future then he will you use it for the best not for something that cant help by him so if some are choose bitcoin over fiat may he has some personal reason why. For me i may choose bitcoin over fiat cause i know that bitcoin are more good than fiat because of its ability to have the huge of profit.
siddu1
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November 18, 2017, 05:22:53 AM
 #1369

From my opinion bitcoin is consuming or yes it totally manages to with 0% risk. it is so trusted worth for anyone. iits ttotally controled user and bitcoin holder.for this reason  some people prefer bitcoin over fiat.

Nissan-GTR
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November 19, 2017, 04:19:27 PM
 #1370

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.

Well yes I think it is, in fiat the money that you have will stay in its amount no matter what happened, unlike in bitcoin the chances of having a double amount of profit more than you hold is feasible , you can expect that sooner your money will be more than what its amount today, well this is one of the reason I think.
xBitHodler
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November 19, 2017, 04:41:06 PM
 #1371

I'm not really surprised that some people prefer to use Bitcoin over fiat. Bitcoin is much faster, safer and more anonymous when it comes to international transfers and the most important: such transactions are available 24 hours a day unlike conventional banking in my country. I wouldn't use Bitcoin for small payments because they are too slow for that.
8Habits
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November 20, 2017, 11:58:22 PM
 #1372

I'm not really surprised that some people prefer to use Bitcoin over fiat. Bitcoin is much faster, safer and more anonymous when it comes to international transfers and the most important: such transactions are available 24 hours a day unlike conventional banking in my country. I wouldn't use Bitcoin for small payments because they are too slow for that.

Yes, don't use bitcoin for small payment because the fee is still the same whether small or big transaction. Better hold and invest only to accumulate more bitcoin than use it to pay for your little errands and stuff like that that fiat money can handle.
Monanaredenn
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November 21, 2017, 12:09:55 AM
 #1373

All people want easy money. Investing in bitcoin brings a high income. I am among such people
darefreads
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November 21, 2017, 03:45:54 AM
 #1374

I think that is the way they now how to earn more money, the more it's illegal the more they will earn money and many people always wanted to earn a lot of money even the way of getting it is by gambling they will try it and who suppose to know that can track them, bitcoin is decentralized so they gonna pursue what/where they want use it.
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November 21, 2017, 03:48:02 AM
 #1375

Features like anonymity, security, control, faster transactions, availability, universal nature makes Bitcoin popular among people.
putlink
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November 21, 2017, 03:55:19 AM
 #1376

In some countries, the devaluation of the currency is very strong, and even worthless, and the good use of bitcoin can help the country.
Gategold
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November 21, 2017, 04:19:11 AM
 #1377

Probably the inflation is one of the best reason why people prefer bitcoin over fiat. The reason is doesn't matter, the most important thing is the price that increase.

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November 21, 2017, 04:30:47 AM
 #1378

I don't think so, you don't need to possess a college degree to use Bitcoin. You just need to be technically inclined to be able to transact using your Bitcoin pocket book. Also when it comes to buying and selling even educated people generate losses with Bitcoin, understanding is not enough that you should revenue in trading occasionally you need other things such as persistence to have the profit you want.

Actually nobody really 100% use Bitcoin and never use Flat. You imagine, in this world not all places of sale and purchase know Bitcoin and if you shop at traditional markets, you still have to use Flat. For some people who have a lot of money, aka the rich, choose to use Bitcoin as a transaction tool because it is easy and only need to scan the existing QR-code. For example like in restaurants, hotels, supermarkets, and even now there is Bitcoin ATM.

For some people again, the poor and the middle class, will use Bitcoin as an investment tool only. That's because Bitcoin's price is rising and we need to take advantage of it to improve our economy.
markleal
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November 21, 2017, 04:46:51 AM
 #1379

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.

Hi there malekbaba! Indeed some people use the bitcoin as a currency for purchasing illegal stuff. But I think that market fuel the bitcoin which bring it to the people and government spotlight, I’m referring to the Silk Road marketplace. Based on my readings, Satoshi aim to make the currency uncontrollable by the government or private company thus freedom to use it in an unlawful way takes its place. This is the curse of freedom just like what happen to the internet, it is also developed for the good and advancement of humanity, but evil works always take their place.  Wink
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November 21, 2017, 06:14:18 AM
 #1380

for me i prefer bitcoin rather than fiat.
because it is a better form of savings.
despite being volatile bitcoin is very beneficial if you will invest on it for a long time.
youre money will yield something through bitcoin...
unlike with saving purely money....

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