[Graphic] Bitcoin vs. The Government.

[bravehearth0319]

you problem is a bitcoin payment card ... not the bitcoin.
thinks must be paid with a plastic card ... for now.

so, you have Xapo and others solutions to have a plastic car linked to bitcoins.

This was a good example of illustration regarding that situation of the bitcoin users now and the non-bitcoin users outside of this industry. Very easy to understand and simple to get the catch of it. This is proven only where bitcoin now at the present are little by little adopting by the masses in the other places of the country.

[1715459184]

1715459184

[1715459184]

1715459184

[1715459184]

1715459184

[1715459184]

1715459184

[xypos]

cool and simple image.

Great image.

The fact is that bitcoin is not controlled by any single entity, its production is not controlled by anyone, the transactions confirmations are not controlled by anyone. All of that is done through competition through miners all across the globe, and mining companies that specialise in high tech equipment that provide them with the GH/s or even PH/s that they need for that competition.

This means that the inflation rate is relatively controlled, and can be relied on because nobody controls it. The decentralised system sets its own pace of creating coins.

Bitcoin should be a lot more relevant to Venezuelans as well, since their economy is in absolute crisis and the citizens are seeking somewhere where they can store their wealth in. Bitcoin seems like a great way to do that.

Thanks for sharing.

[Slark]

This image op presented is really thought provoking and it is so amazing. But tell me if that is that is really the case with Bitcoin,
then why we are now stuck with really bad, weak and detrimental fiat currency like Bolivar, and probably will be in the foreseeable future?
We can praise bitcoin all we can, but the truth is we need to include it in current legal framework - we can't create new world order with BTC!

[Victorycoin]

Nice graphic comparison/illustration, but it's not great if you're looking current condition of bitcoin. Lots of unconfirmed transaction because small block size limit, FUD everyday, lots of scam attempt, company/people who wants to make bitcoin centralized and SegWit vs BU drama
I seriously think it isn't best time to promote bitcoin since people would think they're fooled by those graphic comparison/frustration after they got hyped and found out current bitcoin condition.

Success anywhere is never a smooth ride and we are witnessing the lots of Bitcoin and there are many of them, but like the infographic depicts, Bitcoin is laden with so much more potentials, it would be near impossible to allow it to rot or thrown into the garbage, especially as we are worse off with the debt-ridden and worthless fiat currencies.

[serjent05]

Nice info and graphics there OP.  This is the simplest form of describing what Bitcoin is about.  It simply show the fiat currency and Bitcoin differences.  And even a gradeschooler can understand and point out the difference with your graphic presentation.

you problem is a bitcoin payment card ... not the bitcoin.
thinks must be paid with a plastic card ... for now.

so, you have Xapo and others solutions to have a plastic car linked to bitcoins.

This was a good example of illustration regarding that situation of the bitcoin users now and the non-bitcoin users outside of this industry. Very easy to understand and simple to get the catch of it. This is proven only where bitcoin now at the present are little by little adopting by the masses in the other places of the country.

Yeah it show how bitcoin works, and the advantage a user can have.  No middleman!

[Taki]

you problem is a bitcoin payment card ... not the bitcoin.
thinks must be paid with a plastic card ... for now.

so, you have Xapo and others solutions to have a plastic car linked to bitcoins.

This was a good example of illustration regarding that situation of the bitcoin users now and the non-bitcoin users outside of this industry. Very easy to understand and simple to get the catch of it. This is proven only where bitcoin now at the present are little by little adopting by the masses in the other places of the country.

The picture is really great. But in today's world it's not like that really. Today there are not too many bitcoin users among all people population. So, cause of that there is no so many places that work with bitcoin directly.
Today the schem looks like: you > bitcoin > PayPal/banks/WU/others < other side
I mean today we mostly still need to cash out our bitcoins to pay for our costs.

[Zadicar]

This image op presented is really thought provoking, but tell me if that is that is really the case with Bitcoin, and it is so amazing.
Then why we are stuck with really bad, weak and detrimental fiat money like Bolivar, and probably will be in the foreseeable future?
We can praise bitcoin all we can, but the truth is we need to include it in current legal framework - we can't create new world order with BTC!

This is absolutely right because no matter how we praise bitcoin compared to local fiat currency we cant make it to make people or government convinced to use it.This is the sad reality on bitcoin and i think we would really stuck on this situation on where bitcoin would remain on its place.

[Meuh6879]

  little UP for the peoples.

[webtricks]

little UP for the peoples.

Oh, thank you. Nice graphics.
Well, this image is coolest mean to drive curiosity in newcomers to Bitcoin. Someone new to Bitcoin will surely take a leap and fascinate about this commodity, Bitcoin!!
However, it is not self-satisfactory to clear all questions about Bitcoin but still interesting enough to induce people to type "Bitcoin" in Google.

[lemonade09]

So bitcoin cannot control by the government in many ways the price of the bitcoin is still sky rocketing to 2000dollars and bitcoin is also a great threat in the government but bitcoin cannot use why the government dont allow it in there country but still the bitcoin is has a power to do a transaction in many countries.

[olushakes]

That pictural representation is simply the right way to go about it in a very simple and easy to understand format without necessarily understanding the technicalities that surround either bitcoin or the blockchain technology. But the issue there is that its definetely campaigning against the fiat which government will frown with because abandoning fiat, simply means abandoning government which no sane governments will allow unless its ready to face the outcome of such.

[Meuh6879]

at the beginning, gov. control money : and it fail (Roma Empire)
at the second level, gov. allow corporates to create money : and they fail (FIAT history)

so now, money need to be restrain by mathematic rules : perhaps, a success (like P2P file sharing).

 

[U2]

at the beginning, gov. control money : and it fail (Roma Empire)
at the second level, gov. allow corporates to create money : and they fail (FIAT history)

so now, money need to be restrain by mathematic rules : perhaps, a success (like P2P file sharing).

 

It seems so logical like someone should have come up with it when the internet came out. It's kind of surprising you or I didn't come up with this idea. Not that I ever would have been able to implement it myself though. Could you.. Satoshi!?

[J9901]

Bitcoin is a decentralized currency and no government can control it and that is the reason they are not making any statement about bitcoins as they are well aware that if bitcoin gets on the mainstream then they will loose all their control that they have on fiat money at a moment.

[Meowth05]

The government is the one who will decide if the bitcoin will be allowed in there country or not or they will allow the risk and opportunities it will give in there country but the bitcoin it still have a specialities in many ways and when it come in money.

[Meuh6879]

cool and simple image.

You see ? It works.

http://www.zerohedge.com/news/2017-07-22/venezuelans-are-now-paying-1000-times-more-us-dollars-they-did-2010

[layoutph]

Hehe. Nice infographics design dude. Same with others I thought this post is about blood, killings due to Bitcoin or whatever. May I know what is Bolivar? Is this a fiat or another crypto coin?

[StarenseN]

cool and simple image.

You see ? It works.

http://www.zerohedge.com/news/2017-07-22/venezuelans-are-now-paying-1000-times-more-us-dollars-they-did-2010

This thread does not raise the right reasons and issues.

The problem at the source, the root cause of this devaluation is not necessarily fiat money but is a political problem. Venezuela is a very few still existing socialist / communist economy and refutes the market economy (which would solve a lot of issues... Venezuela is one of the largest petrol reserve of the planet (!)).

What is lacking in Venezuela is an openness to the world and a market economy (bitcoin is a only a slight solution to the social politic). It would be nice that the thread instead of worrying about an effect (devaluation, hyperinflation) is interested in the cause of this problem: communism and why it is so bad.

[andrei56]

I don't get the last comparison lol. I can buy literally anything with a Canadian Dollar but I can't buy anything at all with bitcoins where I am. I can buy things online, but so can anyone in the world.

Lol kind of random but by the title I was expecting this to be a graphic post as in blood / gore hahaha.

The op did not made the comparison of fiat vs bitcoin it was bitcoin vs the bolivar, the currency of Venezuela, and in Venezuela things are in a bad shape there are many products that are very scarce in the country and there is a black market for everyday products so I think that is what he is referring.

[Meuh6879]

the problem to trade oil, for example, is directly linked to the availability of the real dollar market (ie. banks channels like swift).

but, now, they can sell oil for bitcoins.  
and then, bitcoins can provide trade in the country for others assets like food, hospital, and ... store of value.