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Author Topic: The BitCoin Cause  (Read 2314 times)
shamzblueworld (OP)
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February 20, 2017, 04:44:59 AM
 #1

So I saw many threads on will bitcoin be used by common people or when it will be used by all over the world and for buying groceries etc.
But I wonder, was bitcoin actually meant to be used like that? What was the actual cause for creating bitcoin? And for whom it was meant to be?
Any facts or thoughts?
xIIImaL
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February 20, 2017, 05:27:50 AM
 #2

So I saw many threads on will bitcoin be used by common people or when it will be used by all over the world and for buying groceries etc.
But I wonder, was bitcoin actually meant to be used like that? What was the actual cause for creating bitcoin? And for whom it was meant to be?
Any facts or thoughts?

Many online stores and businesses were start accepting bitcoins as payment for buying goods or rendering services. Please check the sites cheapair.com, bitrefill.com, purse.io and etc. These kind of many sites are there in online you could find when browsing it. Offline stores, I don't think anyone accepting in offline stores. It need to be initialize everywhere.
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February 20, 2017, 05:42:17 AM
 #3

What was the actual cause for creating bitcoin? And for whom it was meant to be?
Any facts or thoughts?
Bitcoin was created to give financial freedom or to start p2p (peer to peer) payment gateway with very low fee and without any central body to process, block, investigate the transaction. Privacy on paying online is the main feature bitcoin have so it is built to giva a way for the people to spend their money whenever and wherever they want to spend it.  Wink
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February 20, 2017, 05:44:49 AM
 #4

So I saw many threads on will bitcoin be used by common people or when it will be used by all over the world and for buying groceries etc.
But I wonder, was bitcoin actually meant to be used like that? What was the actual cause for creating bitcoin? And for whom it was meant to be?
Any facts or thoughts?

Bitcoin was meant to be a censorship resistant, decentralized, value transfer network. I means we could take the banks out of the whole process and we could live our lives in freedom from the banks. Does that also mean we could use it for buying and selling regular stuff? Sure it can but there are complications. It is slow and it takes a little learning process to use properly. But I know where it can be used well and where the people are using it in the proper way. The Dark Markets. Those markets are online and they are very inefficient and Bitcoin is filling the cracks very well.

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digaran
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February 20, 2017, 05:51:53 AM
 #5

What do you see when you look at bitcoin and it's network and the community behind it? what is bitcoin for anyone really? it's not like we could say God created human kind for something other than being human, I'm not comparing Satoshi to God though.

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February 20, 2017, 06:12:05 AM
 #6

What do you see when you look at bitcoin and it's network and the community behind it? what is bitcoin for anyone really? it's not like we could say God created human kind for something other than being human, I'm not comparing Satoshi to God though.

Community in bitcoin, including Satoshi enlightened clear at beginning of bitcoin formed, they consider bitcoin has a value that can be mined by anyone without government interference, and if everyone has the same right means it will have economic value in future.

Satoshi is not a god, he is symbol of economic freedom of the world, if indeed he is a recognizable identity, then he is entitled to enter ranks of most influential people in the world today. Bitcoin was created by an independent community, until now there is no organization that claims to be the creator of bitcoin, including Illuminati, government, and even terrorists.



 

 

 

 

 

 


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mummybtc
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February 20, 2017, 08:06:49 AM
 #7

I don't think Bitcoin was designed for every one daily use, I know Satoshi designed to show that they is a way to get out of the rigged financial system we are in and it has proved through. It would be good for anyone to use it for daily transaction but with the increase in transaction fee  and congested transaction for me I don't think that would happen that is why most of use see Bitcoin now as an asset rather than currency 
Herbert2020
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February 20, 2017, 08:16:11 AM
 #8

So I saw many threads on will bitcoin be used by common people or when it will be used by all over the world and for buying groceries etc.
But I wonder, was bitcoin actually meant to be used like that? What was the actual cause for creating bitcoin? And for whom it was meant to be?
Any facts or thoughts?

well from the beginning (as you can also see in the bitcoin white paper) bitcoin is called a digital peer to peer cash. so it was meant to be used as a currency and as a decentralized one without any central authority like banks.

also in the beginning there were no limitation on block size. which means bitcoin could potentially handle limitless number of transactions but there limit of 1 MB was put there to prevent spam attacks.
but in my opinion this doesn't mean bitcoin was supposed to be used to buy groceries! you can use fiat for that.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
dunfida
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February 20, 2017, 08:27:35 AM
 #9

So I saw many threads on will bitcoin be used by common people or when it will be used by all over the world and for buying groceries etc.
But I wonder, was bitcoin actually meant to be used like that? What was the actual cause for creating bitcoin? And for whom it was meant to be?
Any facts or thoughts?
If you would able to read the whitepaper of bitcoin you will definitely answer your own question which is bitcoin being created for making peer to peer transactions without any 3rd party involved.Which means this could really be used by anybody.

stomachgrowls
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February 20, 2017, 08:34:00 AM
 #10

So I saw many threads on will bitcoin be used by common people or when it will be used by all over the world and for buying groceries etc.
But I wonder, was bitcoin actually meant to be used like that? What was the actual cause for creating bitcoin? And for whom it was meant to be?
Any facts or thoughts?
If you would able to read the whitepaper of bitcoin you will definitely answer your own question which is bitcoin being created for making peer to peer transactions without any 3rd party involved.Which means this could really be used by anybody.
I agree on this one because i am able to read the whitepaper of bitcoin on which satoshi wrote about bitcoins creation and speaking of this one people would definitely use it and as we saw on the progress of bitcoins usage it extent to the points on where its already being used on many services.

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February 20, 2017, 10:12:57 AM
 #11

Bitcoin was design to give you and I freedom from the financial system that has been rigged to favour the selected few, with Bitcoin, you are your own bank

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February 20, 2017, 10:23:10 AM
 #12

Bitcoin was design to give you and I freedom from the financial system that has been rigged to favour the selected few, with Bitcoin, you are your own bank
You are right you would be your own bank since you do have the full control of your bitcoin or money and thats the thing why many people tend to use it not only on having full control but on money transfers it does require too less fee compared on casual money remitances.

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February 20, 2017, 12:52:08 PM
 #13

Whether bitcoin use would become widespread we can never tell but people surely are taking notice of some benefits when compared to how thing are traditionally done. One niche where bitcoin shines would be foreign remittance. Even with the problem of possible increasing transaction time and fees, it's still cheaper and faster than sending through remittance companies or banks. And speaking of banks, I'm expecting it could spread through Africa. The countries there are known for leapfrogging techs, since many people there are unbanked, bitcoin might come to fill the gap there. All you'd need is a phone with internet connection and you're good to go. Even before bitcoin, they've been using mobile for sending money.
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February 20, 2017, 12:56:14 PM
 #14

So I saw many threads on will bitcoin be used by common people or when it will be used by all over the world and for buying groceries etc.
But I wonder, was bitcoin actually meant to be used like that? What was the actual cause for creating bitcoin? And for whom it was meant to be?
Any facts or thoughts?

Bitcoin's exit aim was to replace existing payment systems. Everyone can control their own money. For me, that's the reason. But over time it was discovered in other positive features.
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February 20, 2017, 01:02:30 PM
 #15

Bitcoin was just design as payment system, it's not a currency as it will never be considered as one in the eyes of the government. As payment system, we rely solely on fiat to determine it's value and with it's system that could give us fast and cheap transaction, it would help the humanity who would adopt to get the experience of convenience and cheap transaction fee.

The investment side is just an extra since it's based on a limited supply, we can take advantage of the huge demand in the future if we will invest now.

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February 20, 2017, 01:06:43 PM
 #16

So I saw many threads on will bitcoin be used by common people or when it will be used by all over the world and for buying groceries etc.
But I wonder, was bitcoin actually meant to be used like that? What was the actual cause for creating bitcoin? And for whom it was meant to be?
Any facts or thoughts?

Many online stores and businesses were start accepting bitcoins as payment for buying goods or rendering services. Please check the sites cheapair.com, bitrefill.com, purse.io and etc. These kind of many sites are there in online you could find when browsing it. Offline stores, I don't think anyone accepting in offline stores. It need to be initialize everywhere.
yeah I think the main reason of creating Bitcoin is that to make it easy for online shopping. You don't have to exchange your fait money all the time you need for online shopping. You just have your Bitcoin in your wallet. You can use it for online shopping which makes things easier.
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February 20, 2017, 01:20:52 PM
 #17

I think the cause of creating bitcoin is Satoshi Nakamoto want a new type of currency which is reliable and it is very easy to use and also have a great foundation and value and now, his creation is being noticed everywhere by internet geeks because it is all in one package, Secure,Stable and also Profitable and i think that is why bitcoin is created because it is all about trying something new.
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February 20, 2017, 01:24:31 PM
 #18

maybe you should find out where the cause appears Bitcoin, which is when the global economic crisis occurs, people have created Bitcoin to put a large amount of assets into it. thus, they were able to minimize the extent of the financial damage. and since then, Bitcoin is known as the king of the virtual currency. Putting it in everyday life is just a matter of time. it will definitely happen
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February 20, 2017, 01:31:27 PM
 #19

So I saw many threads on will bitcoin be used by common people or when it will be used by all over the world and for buying groceries etc.
But I wonder, was bitcoin actually meant to be used like that? What was the actual cause for creating bitcoin? And for whom it was meant to be?
Any facts or thoughts?

Indeed it can be use by just common people but the number of people using it doesn't surpass people who does not use or know bitcoin, and I think there are certain sites that lets you buy goods using bitcoin and on physical stores there are certainly a few and mostly in the USA or china that has a high percentage on people using and knowing bitcoin, and your last question I think bitcoin is not really intended to be this big, but bitcoin just like other currency that utilizes in transaction payments it is a peer to peer transaction or payment and a freedom for users that enjoys it.
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February 20, 2017, 01:36:01 PM
 #20

Bitcoin is really just the reward for the hard work done by the miners. It became so valuable because of that.
So the real cause here is the miners work to make transactions complete and the anonymity and security of our transactions.
That is how valuable bitcoin is and I think it is just right to make it expensive for without them there would be nothing to talk by now.
The sad thing is, it is being used illegally and that will be a problem if it continues.

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