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Author Topic: Bitcoin for all levels of society, without any difference  (Read 4336 times)
icecube45
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May 23, 2017, 04:41:27 AM
 #41

In fact I am still questioning whether bitcoin can be used for all levels of society or not, this is still disturbing my mind. I agree it is true, bitcoins are decentralized so everyone is free to use. But is it true that the poor people could use bitcoin? Because in fact the price of bitcoin is very high and I'm not sure they can afford it, and I'm sure they have not known and used this technology. So I think bitcoin still can not reach all levels of society, and only a few who use it.
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May 23, 2017, 04:54:11 AM
 #42

In fact I am still questioning whether bitcoin can be used for all levels of society or not, this is still disturbing my mind. I agree it is true, bitcoins are decentralized so everyone is free to use. But is it true that the poor people could use bitcoin? Because in fact the price of bitcoin is very high and I'm not sure they can afford it, and I'm sure they have not known and used this technology. So I think bitcoin still can not reach all levels of society, and only a few who use it.
The thing with bitcoin is that you don't really need a huge amount to even own a little because it can be bought in small fractions. Even the poor can have some of it if they just set aside a small portion of what they earn. Being that it must be done online is the real challenge for them but since mobile phones are now everywhere and data charges aren't that expensive anymore, this also isn't too big an obstacle anymore.
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May 23, 2017, 07:46:34 AM
 #43

In fact I am still questioning whether bitcoin can be used for all levels of society or not, this is still disturbing my mind. I agree it is true, bitcoins are decentralized so everyone is free to use. But is it true that the poor people could use bitcoin? Because in fact the price of bitcoin is very high and I'm not sure they can afford it, and I'm sure they have not known and used this technology. So I think bitcoin still can not reach all levels of society, and only a few who use it.
The thing with bitcoin is that you don't really need a huge amount to even own a little because it can be bought in small fractions. Even the poor can have some of it if they just set aside a small portion of what they earn. Being that it must be done online is the real challenge for them but since mobile phones are now everywhere and data charges aren't that expensive anymore, this also isn't too big an obstacle anymore.

This is not applicable with very poor people. Those who barely sustain there daily needs and don't have any means to access it since they need money to a much important purpose and that might be food, education, and etc. Bitcoin sees no boundaries regarding your social class as long as you have a gadget that can have an access to the internet so thus to Bitcoin then you're good to go.
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May 23, 2017, 02:37:23 PM
 #44

Bitcoin started out as a way for everyone and for every levels of society but things have changed a lot now,the money coming into bitcoin now is really huge,i guess big investment firms involved in trading are spending their time and investment in bitcoin and other alt coin market and so is the only reason we are having these sort of big rallies.
icecube45
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May 24, 2017, 06:08:21 AM
 #45

In fact I am still questioning whether bitcoin can be used for all levels of society or not, this is still disturbing my mind. I agree it is true, bitcoins are decentralized so everyone is free to use. But is it true that the poor people could use bitcoin? Because in fact the price of bitcoin is very high and I'm not sure they can afford it, and I'm sure they have not known and used this technology. So I think bitcoin still can not reach all levels of society, and only a few who use it.
The thing with bitcoin is that you don't really need a huge amount to even own a little because it can be bought in small fractions. Even the poor can have some of it if they just set aside a small portion of what they earn. Being that it must be done online is the real challenge for them but since mobile phones are now everywhere and data charges aren't that expensive anymore, this also isn't too big an obstacle anymore.
Yes indeed buy bitcoin can be done with small fractions, but whether the poor can afford and want to buy bitcoin? I am sure if people are really in a poor state they will think better to buy the main needs (such as food and education). And I'm sure they are still not familiar with this technology, this may be due to their limitations. Perhaps more precisely if bitcoin reaches all levels of society if they can.
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May 24, 2017, 06:28:49 AM
 #46

Bitcoin started out as a way for everyone and for every levels of society but things have changed a lot now,the money coming into bitcoin now is really huge,i guess big investment firms involved in trading are spending their time and investment in bitcoin and other alt coin market and so is the only reason we are having these sort of big rallies.

That is right, I was first introdiced to bitcoin, if I am not mistaken, June last year. I've started to earn bitcoin through faucets, Freebitco.in which is really fun for me, I can also gamble there which is really good. And the price of bitcoin that time is at $600 as I can remember. Until I've searched another way to earn them because I've had enough of it unil I met these forum at october, though I can't focus at the forum because of my work.

I can afford bitcoin that time, and it is really good, nowadays it is really pricey,and I can't afford one, but I think I am glad that I invested earlier here.


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skorupi17
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May 24, 2017, 07:58:48 PM
 #47

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?

Regardless of the social standing of a person, he/she can use bitcoin. Pointing out that rich people have more bitcoin does not remove the fact that it is still accessible to a lower class in the society. Yes rich people have more bitcoin, that is obvious because they have more money and if we apply the logic for the middle class, they have fewer bitcoin (compared to rich people) because they have less money that the rich ones. The main idea of this thread is that Bitcoin is open for anyone or can be used by anyone regardless of his/her social standing. Well the consideration of affording bitcoin is still in the picture. Simply saying, Bitcoin is for anyone because no one owns Bitcoin.

Bitcoin can be used for any purpose the user wants, legal/illegal, it does not matter. Just like fiat, we cannot control how the people use them. It is just like minding your own business.

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BitcoinPanther
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May 24, 2017, 08:50:10 PM
 #48

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 agree, everyone can have access to bitcoin but to be able to use it, we need to buy them.  Bitcoin is not free since it needs a lot of resources to acquire it.  Though all walks of life have right to buy and use bitcoin, if they have it, in any way they wanted.

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grim007
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May 24, 2017, 10:44:38 PM
 #49

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 agree, everyone can have access to bitcoin but to be able to use it, we need to buy them.  Bitcoin is not free since it needs a lot of resources to acquire it.  Though all walks of life have right to buy and use bitcoin, if they have it, in any way they wanted.

We can work here to earn bitcoin, bitcoin is for everyone ,its value is given same to anyone. Its just for us if we will buy or will work to earn it.
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May 25, 2017, 12:33:53 AM
 #50

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 agree, everyone can have access to bitcoin but to be able to use it, we need to buy them.  Bitcoin is not free since it needs a lot of resources to acquire it.  Though all walks of life have right to buy and use bitcoin, if they have it, in any way they wanted.

We can work here to earn bitcoin, bitcoin is for everyone ,its value is given same to anyone. Its just for us if we will buy or will work to earn it.

It is for all since it can help a lot us, in doesnt require any amount of value to learn or to have it ,theres no boundary for rich and not so rich user so its for everyone.

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May 25, 2017, 12:56:49 AM
 #51

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 agree, everyone can have access to bitcoin but to be able to use it, we need to buy them.  Bitcoin is not free since it needs a lot of resources to acquire it.  Though all walks of life have right to buy and use bitcoin, if they have it, in any way they wanted.

We can work here to earn bitcoin, bitcoin is for everyone ,its value is given same to anyone. Its just for us if we will buy or will work to earn it.

It is for all since it can help a lot us, in doesnt require any amount of value to learn or to have it ,theres no boundary for rich and not so rich user so its for everyone.
That is right, bitcoin doesn't require any financial status to use it, as long as you know how to use bitcoin and how it works then you are really welcome to the bitcoin world. It doesn't matter if you don't have money to buy a whole bitcoin because you can buy it from decimal or earn it thru online tasks that will pay you bitcoin like signature campaigns and freelance jobs.

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May 25, 2017, 02:07:33 AM
 #52

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?

Well, if the poor have $100 worth of Bitcoin, they wouldn't want to shell out close to a $ before they can move their money.
For true universalization, bitcoin fees should be negligible. Right now, they aren't.

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June 01, 2017, 06:43:01 AM
 #53

Of course, bitcoin can get into all walks of life, for example, I myself belong to the lower middle class, but I can find additional income through bitcoin, so I do not think there is any social limitation in bitcoin

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June 01, 2017, 06:53:37 AM
 #54

Bitcoin is an alternative transaction tool in the form of digital currency which aims to the users can feel easy to transact anytime anywhere, Bitcoin can also be used by anyone either rich or poor as we make payments using paper money and it can be used by the general public.

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June 01, 2017, 07:09:12 AM
 #55

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?

Well, if the poor have $100 worth of Bitcoin, they wouldn't want to shell out close to a $ before they can move their money.
For true universalization, bitcoin fees should be negligible. Right now, they aren't.
We can have faith on consensus of bitcoin ecosystem to restore all the aspects of universalization as what we have some one year back. When bitcoin supports quick and cheaper transacting mode, we can be sure all levels of society will start adopting bitcoins. Right now, bitcoin is already doing so, still fees are costlier than before and confirmations take delays.

Other than these, infinitely divisible nature of bitcoin will support any poor country people also able to have some bitcoins. This is still possible regardless of bitcoin prices may reach value in millions.
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June 01, 2017, 01:55:04 PM
 #56

Bitcoin is for all levels of the society and all of the levels of the society are using bitcoin for their investment because like us and i think bitcoin will have more availability if the people and country will accept bitcoin as a currency or even legalize it to their country like the other countries already do.

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Omega Weapon
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June 02, 2017, 03:09:13 AM
 #57

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?
In theory bitcoin can be used by everyone, but when we take into account the fees of confirming a transaction then something different comes to my mind, while the fess may not seem that high if you live in a first world country, for someone living in the third world the fees can mean several hours of work so for them bitcoin is not a very effective way to move their money around.

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ariie
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June 02, 2017, 07:59:46 AM
 #58

I really agree, everyone can use it. Not looking up-high, old-young, rich-poor, not even looking at the tribe, race and class ...
deisik
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June 02, 2017, 08:38:15 AM
 #59

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?

Well, I'm not quite sure about anywhere

For example, in Venezuela some dudes got arrested when they had tried to mine bitcoins (and I've never heard any news about them since then). Anyway, this is certainly not Bitcoin's fault. In general, it is the same in respect to any money, i.e. there are no limits on who is allowed to use, say, the US dollar. Some countries may indeed restrict the circulation of foreign currencies but other than that, money doesn't distinguish between the poor and the rich (in the sense of usage, at least). One dollar (Bitcoin) will remain the same dollar in whoever hands it may turn up to be   

panzerdeni
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June 02, 2017, 12:00:36 PM
 #60

Bitcoin is a Currency a Virtual Currency.
The biggest difference is that Bitcoin haves total supply of 21M and Dollars well Trump is in charge so the total supply * Trump = Infinite.
You can obtain Bitcoin more easy then USD. You can get it from Faucets if you want and if you spend enough time you can make some profit. When working for money in some countries you will work for less then 1 dollar an hour.
So yeah it is more for all levels of society in my opinion. You need PC, energy and internet and you are good to go.
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