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Author Topic: Which Bitcoin Features Are Still True?  (Read 1528 times)
coynedterm
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April 05, 2017, 09:39:15 AM
 #21

I saw this post on an advertising site and I think it reflects the Bitcoin we know when it just started. Please tell me which of the features talked by the quote can still be true...here it is:

"Have you ever heard of cryptocurrency? In short, it is a digital currency. At the moment, the most popular cryptocurrency is BitCoin. It is more advantaged than common currencies and bank accounts. BitCoin is not controlled by anybody. It does not have an owner, which means that no one is able to freeze or to take away your capital. You can send money anonymously halfway around the world for free in the blink of an eye. You can use BitCoins to pay for your online shopping, you can withdraw them from a cash machine, you can even buy a car with BitCoins! More and more companies decide to make BitCoins a fully acceptable form of payment. "


As the number one cryptocurrency is evolving fast, it is growing by leaps and bounds and is changing its colors and features along the way.
Here the best thing that I liked about the bitcoin feature is it's value in market is going flutuation speedly that gives us opportunities to make earning and buy/sell bitcoin for future profit .
And the second thing that I like most about the bitcoin is decentralisation , here  I can say that if the bitcoin get banned in my country then surely I will use bitcoin in other countries Because it is centralised and no one can stop me to makes deals outside of my country .


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April 05, 2017, 09:42:02 AM
 #22

BitCoin is not controlled by anybody. It does not have an owner, which means that no one is able to freeze or to take away your capital.
True, although mining is somewhat centralised it's still free from control.
Quote
You can send money anonymously halfway around the world for free in the blink of an eye.
Most people never actually claimed it was free, there was always a miner's fee.  This has been growing significantly as Bitcoin is supposed to, but arguably the fee market has gone too far due to the need for more transactions.  It is pretty fast if you pay a high fee (so not fully true).
Quote
You can use BitCoins to pay for your online shopping, you can withdraw them from a cash machine, you can even buy a car with BitCoins! More and more companies decide to make BitCoins a fully acceptable form of payment. "
Also was never the case - you could use it for these things but most major retailers are yet to accept it.  To be fair, it is true that the numbers were increasing more around 2013 (now Fiverr, for example, has stopped) so this is perhaps less true, but possible.

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April 05, 2017, 11:08:12 AM
 #23

Some features are still true, Bitcoin not controlled by anyone and its transaction cannot be tracked and we cannot track the users behind any transaction with any means, so it is mainly used by gambling and adult users. other then that now a days lot of users are getting online income through Bitcoin by doing skill work and other means of tasks.














 

 

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April 05, 2017, 01:59:54 PM
 #24

I saw this post on an advertising site and I think it reflects the Bitcoin we know when it just started. Please tell me which of the features talked by the quote can still be true...here it is:

"Have you ever heard of cryptocurrency? In short, it is a digital currency. At the moment, the most popular cryptocurrency is BitCoin. It is more advantaged than common currencies and bank accounts. BitCoin is not controlled by anybody. It does not have an owner, which means that no one is able to freeze or to take away your capital. You can send money anonymously halfway around the world for free in the blink of an eye. You can use BitCoins to pay for your online shopping, you can withdraw them from a cash machine, you can even buy a car with BitCoins! More and more companies decide to make BitCoins a fully acceptable form of payment. "


As the number one cryptocurrency is evolving fast, it is growing by leaps and bounds and is changing its colors and features along the way.
BitCoin is not controlled by anybody, it is because of being decentralized.
Bitcoin not just only popular but because bitcoin is the mother of all cryptocurrencies.
Bitcoin is really secured.
Bitcoin is electronically being used as payment.
Bitcoin can be use anywhere in the world through Money transfer.


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April 05, 2017, 02:11:07 PM
 #25

I would say that literally any features that were "true" of Bitcoin since it began are still true to Bitcoin today, all we experience in a different way is the volume Bitcoin moves at and the vibrant community that adds on things occasionally. Beyond that, I don't think anything significant has been taken away from Bitcoin.














 

 

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April 05, 2017, 02:47:24 PM
 #26

Of course the reason why we still in this is that bitcoins features and characteristics is true.
-Decentralize
 This is one of the most important feature of Bitcoin. The freedom it gives is enough reason why people choose it.
-Security
 When talking about private treasure and belongings, we always seek for the security it gives because we don't want to lost what we hard earned for years.
-Travel
 Because of being a digital currency, being digital means travelling through the spectrum space which has the same speed as light. Transactions are just a few clicks and it's there.


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April 05, 2017, 02:59:08 PM
 #27

many features:
-bitcoin is the first digital cryptocurrency with more people around
-bitcoin is not controlled by anyone ( but some team can change it)
-bitcoin can be send to any where for people have a adress
An price over $1000 at this times

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April 05, 2017, 03:01:05 PM
 #28

I saw this post on an advertising site and I think it reflects the Bitcoin we know when it just started. Please tell me which of the features talked by the quote can still be true...here it is:

"Have you ever heard of cryptocurrency? In short, it is a digital currency. At the moment, the most popular cryptocurrency is BitCoin. It is more advantaged than common currencies and bank accounts. BitCoin is not controlled by anybody. It does not have an owner, which means that no one is able to freeze or to take away your capital. You can send money anonymously halfway around the world for free in the blink of an eye. You can use BitCoins to pay for your online shopping, you can withdraw them from a cash machine, you can even buy a car with BitCoins! More and more companies decide to make BitCoins a fully acceptable form of payment. "


As the number one cryptocurrency is evolving fast, it is growing by leaps and bounds and is changing its colors and features along the way.

I don't know why are you asking such thing if you already know the answer, I mean you are a Full Member, and I know that obviously it is not the first time you heard about bitcoin and you earning bitcoins. So, until now, bitcoin is still decentralized like the way it is before, and it is not going to change, because it was programmed to be like this for a lifetime.

And that is what we like the most about bitcoin, because the corrupt government officials can't steal or touch it, that is why maybe the reason why they rejected the bitcoin ETF, well who cares, bitcoin is still going to go to the moon without their supports.


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April 05, 2017, 03:15:34 PM
 #29

Bitcoin holds many of its features. Like anonymity and decentralisation. One thing that I like about Bitcoins is that all transactions are transparent in the ledger, i.e. any transaction made by Bitcoin is recorded for all to see. You may not know the identity behind the transaction, but the transaction detail in itself is recorded for all to verify and view.
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April 05, 2017, 03:29:11 PM
 #30

I saw this post on an advertising site and I think it reflects the Bitcoin we know when it just started. Please tell me which of the features talked by the quote can still be true...here it is:

"Have you ever heard of cryptocurrency? In short, it is a digital currency. At the moment, the most popular cryptocurrency is BitCoin. It is more advantaged than common currencies and bank accounts. BitCoin is not controlled by anybody. It does not have an owner, which means that no one is able to freeze or to take away your capital. You can send money anonymously halfway around the world for free in the blink of an eye. You can use BitCoins to pay for your online shopping, you can withdraw them from a cash machine, you can even buy a car with BitCoins! More and more companies decide to make BitCoins a fully acceptable form of payment. "


As the number one cryptocurrency is evolving fast, it is growing by leaps and bounds and is changing its colors and features along the way.

Yep most of the features stated are true. It is still decentralized, still the most popular among all other coins. It is not controlled by the government so no is controlling them. And yes you can send money around the world for free for some wallets of course. In our country we don't have the cash machine to withdraw them but you can claim them at certain banks and money transfers affiliated with the wallet you have and my partner told me that his friend is buying a 2nd hand car from profiting bitcoins.
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April 05, 2017, 03:52:09 PM
 #31

I saw this post on an advertising site and I think it reflects the Bitcoin we know when it just started. Please tell me which of the features talked by the quote can still be true...here it is:

"Have you ever heard of cryptocurrency? In short, it is a digital currency. At the moment, the most popular cryptocurrency is BitCoin. It is more advantaged than common currencies and bank accounts. BitCoin is not controlled by anybody. It does not have an owner, which means that no one is able to freeze or to take away your capital. You can send money anonymously halfway around the world for free in the blink of an eye. You can use BitCoins to pay for your online shopping, you can withdraw them from a cash machine, you can even buy a car with BitCoins! More and more companies decide to make BitCoins a fully acceptable form of payment. "


As the number one cryptocurrency is evolving fast, it is growing by leaps and bounds and is changing its colors and features along the way.

On closely analysis the statement i found few mistakes. First Bitcoin can be send in the whole world   ;and not just the half way of the world. and it dont take a blink of an eye for the receiver to receive.It may tale 20 to 30 mins to be confirmed. 
Second bitcoin cannot be withdraw directly from cash machine. Cash machine will convert the coins into fiat and give you the relevant local currency as bitcoins are virtual (not touchable).
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April 05, 2017, 04:08:47 PM
 #32

many  of the features are sure to be true like
-bitcoin is the first digital cryptocurrency.
-bitcoin is not controlled by anyone
-bitcoin can be send to any part of the universe without the permission of anyone.
I would put "bitcoin is not controlled by anyone" under the question sign. Bitcoin's control is that thing that can bring a lot of money and many organisations are already trying to make bitcoin controlled. Even in the case if government will block bitcoin it also will be some for of control.
But I hope bitcoin will stay free as it is now.
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April 05, 2017, 04:11:35 PM
 #33

I saw this post on an advertising site and I think it reflects the Bitcoin we know when it just started. Please tell me which of the features talked by the quote can still be true...here it is:

"Have you ever heard of cryptocurrency? In short, it is a digital currency. At the moment, the most popular cryptocurrency is BitCoin. It is more advantaged than common currencies and bank accounts. BitCoin is not controlled by anybody. It does not have an owner, which means that no one is able to freeze or to take away your capital. You can send money anonymously halfway around the world for free in the blink of an eye. You can use BitCoins to pay for your online shopping, you can withdraw them from a cash machine, you can even buy a car with BitCoins! More and more companies decide to make BitCoins a fully acceptable form of payment. "


As the number one cryptocurrency is evolving fast, it is growing by leaps and bounds and is changing its colors and features along the way.

From the way I see it and based on my own evaluation, I still believe the characteristics still holds still even though there are arguments in other quarters against it especially the anonymity aspect. Also on the free sending aspect, I know there is a controversy concerning that as we have seen several increase in the amount of transaction fees but still comparing that with what will be incurred if to go the way of Fiat, then I will say, its still literally free...
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April 05, 2017, 10:13:09 PM
 #34

I saw this post on an advertising site and I think it reflects the Bitcoin we know when it just started. Please tell me which of the features talked by the quote can still be true...here it is:

"Have you ever heard of cryptocurrency? In short, it is a digital currency. At the moment, the most popular cryptocurrency is BitCoin. It is more advantaged than common currencies and bank accounts. BitCoin is not controlled by anybody. It does not have an owner, which means that no one is able to freeze or to take away your capital. You can send money anonymously halfway around the world for free in the blink of an eye. You can use BitCoins to pay for your online shopping, you can withdraw them from a cash machine, you can even buy a car with BitCoins! More and more companies decide to make BitCoins a fully acceptable form of payment. "


As the number one cryptocurrency is evolving fast, it is growing by leaps and bounds and is changing its colors and features along the way.
The most effective features of bitcoin was not controlled by anybody, this is the most strong features of bitcoin. which is very in favored to us too, that is why because of this unique features of bitcoin, many are trying to copy it but they can't due to only bitcoin has it and can never been copy ever.



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April 06, 2017, 04:03:46 PM
 #35

I saw this post on an advertising site and I think it reflects the Bitcoin we know when it just started. Please tell me which of the features talked by the quote can still be true...here it is:

"Have you ever heard of cryptocurrency? In short, it is a digital currency. At the moment, the most popular cryptocurrency is BitCoin. It is more advantaged than common currencies and bank accounts. BitCoin is not controlled by anybody. It does not have an owner, which means that no one is able to freeze or to take away your capital. You can send money anonymously halfway around the world for free in the blink of an eye. You can use BitCoins to pay for your online shopping, you can withdraw them from a cash machine, you can even buy a car with BitCoins! More and more companies decide to make BitCoins a fully acceptable form of payment. "


As the number one cryptocurrency is evolving fast, it is growing by leaps and bounds and is changing its colors and features along the way.

From the way I see it and based on my own evaluation, I still believe the characteristics still holds still even though there are arguments in other quarters against it especially the anonymity aspect. Also on the free sending aspect, I know there is a controversy concerning that as we have seen several increase in the amount of transaction fees but still comparing that with what will be incurred if to go the way of Fiat, then I will say, its still literally free...
A lot has been changed when it comes to bitcoin, throughout the time the use and the ideas that we had when the bitcoin started have been filliped, take for instance the idea of bitcoin becoming a currency that people use on internet payments, that is the idea that the developers had for bitcoin in the first place.

But then people started treating it like gold buying it and saving it, and that made it a way for investment therefor it is no longer a currency, the only thing that is still there when it comes to bitcoin’s feature is decentralization.

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April 06, 2017, 05:46:38 PM
 #36

It still lets you, and only you, have control of your BTC, when you have a secure wallet. This is an excellent feature, that won't be gone in the near future. As an online currency, it also allows you carry money almost everywhere (you just need internet connection and a few hours)

▂▃▅▆█ https://boscoin.io █▆▅▃▂
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April 06, 2017, 09:23:55 PM
 #37


"Have you ever heard of cryptocurrency? In short, it is a digital currency. At the moment, the most popular cryptocurrency is BitCoin. It is more advantaged than common currencies and bank accounts. BitCoin is not controlled by anybody. It does not have an owner, which means that no one is able to freeze or to take away your capital. You can send money anonymously halfway around the world for free in the blink of an eye. You can use BitCoins to pay for your online shopping, you can withdraw them from a cash machine, you can even buy a car with BitCoins! More and more companies decide to make BitCoins a fully acceptable form of payment. "

It's not right that bitcoin isn't controlled by anybody. Just one example: We pay bitcoin network fees to get transaction confirmed. Miners confirm transactions and get fee. If there would be no miners who confirm transaction, what we would do? So, we can't say that bitcoin isn't controlled by anyone.
We can't send bitcoins for free, we have to pay fees which have increased in recent years. Theorical, we can send bitcoins for free, but it will take ages to get transaction confirmations.
Other statements is right more or less.

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April 07, 2017, 10:20:50 AM
 #38

Bitcoin is still decentralized with no central control and that still holds true today. It's a global usage is still possible and access to your funds 24/7 is still possible so I can conclude that there aren't much of a change but a few challenges.



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Rainbot
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April 07, 2017, 11:57:44 AM
 #39

all of bitcoin features are still true and none of them have changed.
- it is still decentralized
- secure
- cheap
- not anonymous but keeps your privacy to some extent.
- and you can still use it for payment even more so than before since there are much more places that accept bitcoin.
I agree with you, bitcoin didnt lose any of its features through years, the only really significant change is raise of transaction fees, which went up a lot: but bitcoin is not a tool for sending 1-2$ but more.

I think we might call bitcoin an anonymous currency, the reason of this is that we dont have any kind of colleration between the wallet address and the user identity.
You can track bitcoins, but if you stay cautious and do everything alright, nobody will get your sensitive data, such as name,surname, place of birth, address, etc.














 

 

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April 07, 2017, 12:16:32 PM
 #40

It is the sending for free thing that is not true anymore.
They made a fee for that and it grew more since the event of heavy traffic from transaction that are made.
It is not bitcoin fault though. It is US the users.
Spam transactions which didn't stop made the miners work harder and maybe it gets to their nerve and wants more payment for the effort.
3 bitcoin wallets that I have bitcoin accounts all suddenly went high when it comes to sending transaction. So you can cross that out.

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