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Author Topic: Bitcoin for all levels of society, without any difference  (Read 4338 times)
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August 11, 2017, 10:22:24 AM
 #101

Bitcoin is decentralized so that whoever you are from wherever you are rich or poor, you are free to use bitcoin for any purpose. Bitcoin is freely used for anyone. anywhere

What is your response with this opinion?

I would agree with this statement and also add:
"Bitcoin provides the chance to go from lower classes of society to higher classes of society"

Some people are not allowed to use Bitcoin though since some countries have banned them. Some people will not have access to the internet and therefore it is impossible for them to use bitcoin. We need to promote the use of crypto in 3rd world countries.


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August 11, 2017, 02:05:25 PM
 #102

Yes this is the era of financial modernization, it is time there is no limit and should be decentralized like bitcoin and cryptocurrency. Times change and financial intervention must be eliminated.

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August 11, 2017, 03:40:47 PM
 #103

Bitcoin is decentralized so that whoever you are from wherever you are rich or poor, you are free to use bitcoin for any purpose. Bitcoin is freely used for anyone. anywhere

What is your response with this opinion?

Sounds like words from a socialist and sounds like people can get bitcoin for free,which isn`t true.
Rich people have more bitcoins because they have more fiat money and they can buy more bitcoins.
I don`t like the term "for any purpose".What about illegal purposes?

Yes it was created for levels of society but since the rich person have more money and thus the buy bitcoins at low rates and because of their richness they keep it as an investment and when the value of bitcoins increases they sell creating a large profit
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August 13, 2017, 03:00:04 AM
 #104

Even knowing anybody can buy bitcoin its more easy for rich to invest and accumulate bitcoin then the poor people, that strugle to pay bills, and pray to be able to get some extra bitcoins. Bitcoin was created to all, based on low fees and plenty control over our money, those havent changed at all.


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August 15, 2017, 04:56:58 PM
 #105

True, bitcoin made for all levels society without restrictions of country's rules. Just, always need internet for every activity related to bitcoin. Whereas in this world there are still people or countries are poor internet, and this's one of causes bitcoin become less evenly spread.

Other than fiat being skewed towards special interests like banks, any currency is "for everyone".  They all need to be earned or acquired somehow.  But for people that are without an internet connection, Bitcoin isn't accessible to them, where fiat is.
That is a biggest problem if we talk about bitcoin for all levels of society nowadays, people without any internet connection were very hesitant to adopt this kind of system.

Bitcoin playing crypto currency is a currency for a certain circle of people who deal with crypto currency. But what is being discussed, there was such a simple person will use Bitcoin, I think it's Misha's delirium. Even the mini-footwear problem, it's definitely the lack of certain knowledge about the population. Although there are much bigger problems.
My response to whatever is said here is that the OP is accurate!
Bitcoin is decentralized, and is therefore meant for everyone, exception of nobody. Anyone, including both the rich and the poor can equally make use of Bitcoin. Because only with the time of various holding period, we can achieve what we need with it.

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August 15, 2017, 05:25:06 PM
 #106

You say both the right and wrong parts. Bitcoin is a free currency, for all walks of life because Bitcoin nature is decentralized, it's a digital electronic currency that uses blockchain technology, which provides a freedom for the user. Wherever you are, you can use Bitcoin whenever you have internet and a phone or computer. But, it is possible to use bitcoin for any purpose, I think this is not quite right, Bitcoin should only be used for legitimate purposes such as stabilizing the economy, making it convenient for users to trade , Connect, help people. Many people will use Bitcoin for bad things like extortion, money laundering, such as BTC-e and wannacry. I think many people do not like this because it worsens Bitcoin


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August 15, 2017, 06:14:04 PM
 #107

but different levels of people are holding the different amount of bitcoin. The richer people holding the more bitcoin than poor people and there are even some people do not even have bitcoinl. There is only 21 millions bitcoin existing on the world and it is not enough for a big world



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August 15, 2017, 06:40:22 PM
 #108

I actually don't see any discrimination on the use of bitcoin even judging by the people of the forum which cuts across several age groups from teens, to youth and then to adults there are no discrimination. The only discrimination between the users and non-users here is ignorance which something that can be broken with gathering the right information and asking the right question and then bitcoin can equally be available to every level of the society.
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August 15, 2017, 10:05:01 PM
 #109

True, bitcoin made for all levels society without restrictions of country's rules. Just, always need internet for every activity related to bitcoin. Whereas in this world there are still people or countries are poor internet, and this's one of causes bitcoin become less evenly spread.

Other than fiat being skewed towards special interests like banks, any currency is "for everyone".  They all need to be earned or acquired somehow.  But for people that are without an internet connection, Bitcoin isn't accessible to them, where fiat is.
That is a biggest problem if we talk about bitcoin for all levels of society nowadays, people without any internet connection were very hesitant to adopt this kind of system.

Bitcoin playing crypto currency is a currency for a certain circle of people who deal with crypto currency. But what is being discussed, there was such a simple person will use Bitcoin, I think it's Misha's delirium. Even the mini-footwear problem, it's definitely the lack of certain knowledge about the population. Although there are much bigger problems.
My response to whatever is said here is that the OP is accurate!
Bitcoin is decentralized, and is therefore meant for everyone, exception of nobody. Anyone, including both the rich and the poor can equally make use of Bitcoin. Because only with the time of various holding period, we can achieve what we need with it.
Yep! Bitcoins have been created for everyone without any distinction. Anyone belonging to any level of the society can invest into bitcoins and enjoy the profit. You can change your financial status with bitcoins. If you are poor, you can become rich and if you are rich you will become richer.

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August 15, 2017, 10:58:29 PM
 #110

Bitcoin is decentralized so that whoever you are from wherever you are rich or poor, you are free to use bitcoin for any purpose. Bitcoin is freely used for anyone. anywhere

What is your response with this opinion?
Indeed. I agree with you because bitcoin being decentralized also enables everyone and anyone to use bitcoin freely because it can be easily accessed through internet using gadgets or devices to effectively use bitcoin. Also there is no such requirement needed that you need to be on a middle class or upper class to use bitcoin. There is no boundary built in using bitcoin that exempt or prohibit lower class to use bitcoin so every levels of the society can use bitcoin effectively without difference because everyone is treated equally due to the reason that bitcoin is truly used same thing as it is.

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August 15, 2017, 11:07:28 PM
 #111

As Bitcoin can be used by all levels of society, not all levels of society have the power and current coin of exchange (USD mostly) to trade for Bitcoins.

In my opinion that phrase is a total oversimplification whom Bitcoin is made to.

Don't forget that the value of a coin is made up of pure speculation and that is what makes it so volatile.
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August 16, 2017, 12:14:25 AM
 #112

Bitcoin is decentralized so that whoever you are from wherever you are rich or poor, you are free to use bitcoin for any purpose. Bitcoin is freely used for anyone. anywhere

What is your response with this opinion?

I think it is good to set minds for social equity. Bitcoin is decentralized but frankly, I don't think that Bitcoin is free to be used. Firstly, it run thtugh internet. It is learned and done thrugh accessing PCs, maybe mobile phones. Secondly, accessing web/internet is not also free. How could a poor afford buying a PCs or mobile phone and maintain to access net rather than buying foods? Lastly, if poor possibly to have the two things I have said, investing is also a big factor because Bitcoin is valued more by Time.
For rich people, easy to access bitcoin. In Real sense, Not equally accessible and not free.

ajmapalo22
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August 16, 2017, 12:24:37 AM
 #113

Yes I agree, bitcoin doesn't require much of your information when transacting or using it, meaning it doesn't care what level of the society you belong as long as you have internet connection and you know how to use bitcoin you can use i and earn from it.

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August 16, 2017, 03:50:37 AM
 #114

It sounds as if you're oversimplifying.

"Free to use bitcoin for any purpose." That could be an oversimplification. Some would object to bitcoin being used for money laundering, terrorism or crime. The idea and spirit behind bitcoin isn't to create a currency that can be used for literally anything whether it be moral or immoral.
Whether you like it or not that is the spirit of bitcoin, the moment there is not a central authority telling you what you can do with your bitcoin then it is up to each individual to decide, I do not condone any of those practices but it was very obvious criminals were going to take advantage of bitcoin in that way.
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August 16, 2017, 07:59:20 AM
 #115

Bitcoin is decentralized so that whoever you are from wherever you are rich or poor, you are free to use bitcoin for any purpose. Bitcoin is freely used for anyone. anywhere

What is your response with this opinion?
I'm neutral. It benefit those who are earning through bitcoin. They can execute any kind of transaction conveniently. however, some will take advantage of this liberty. And because of the that liberty, it may also be used in bad activities if fall in wrong hands. Rumor is that deep in the internet, this is means of payment there to accomplish an illegal transaction

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winterland
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August 26, 2017, 08:38:08 PM
 #116

Yes this is the era of financial modernization, it is time there is no limit and should be decentralized like bitcoin and cryptocurrency. Times change and financial intervention must be eliminated.
I think that is the direction things are going towards decentralization, we no longer need a government administrating our currency since the people have found a way to do a better job than they could ever hope to do.
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August 26, 2017, 09:03:03 PM
 #117

Bitcoin is decentralized so that whoever you are from wherever you are rich or poor, you are free to use bitcoin for any purpose. Bitcoin is freely used for anyone. anywhere

What is your response with this opinion?
It is for everyone but then even fiat is for everyone, it's just centralized when compared to bitcoin . Taxes are not there for bitcoin but tax does exists for fiat . The reason why some one might be  rich or poor is themselves or their families, governments are not to be blamed, as a citizen of any country you have to pay taxes as a right. Bitcoin is better than fiat but governments are trying their best to keep their citizens satisfied, you have got to give it to them also.

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August 26, 2017, 09:04:58 PM
 #118

Truly bitcoin is for everyone and there is dought about it. I believe bitcoin is the only currency you can earn online easley as compared to other currency in the world. And the good aspects of it all is that, its value appreciate rapidly over time when compared to other currency. The only currency one can transfer worldwide without middle men like bank or government restrictions  on the minimum you can transfer in a day.

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August 26, 2017, 09:30:23 PM
 #119

Really poor people dont need bitcoin. For the truly poor, electricity and connectivity are non issues, behind food and water. They need fiat.

The truly rich also dont need bitcoin. They can invest in a business opportunity, and have way more growth potential as a function of time. They need fiat.

The moderates, already have fiat. They could benefit if they have enough disposable income to invest. Most of us don't, and when you are talking about your actually accrued wealth, this is a risky gamble.

Bitcoin only has benefits for the people that use it, online workers and sellers. Other than that, use fiat. its safer and more convenient, by a longshot.

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August 31, 2017, 07:59:07 AM
 #120

Bitcoin is decentralized so that whoever you are from wherever you are rich or poor, you are free to use bitcoin for any purpose. Bitcoin is freely used for anyone. anywhere

What is your response with this opinion?
Of course bitcoin is free to those who are willing to learn and earn from bitcoin. Bitcoin doesn't required gender, economic status and even how progressive your country is as long as you are willing therefore you've become successful. So we should always bear in our mind that bitcoin can decrease poverty to our country.

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