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Question: Do you believe bitcoin is the invention of the century?
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cybersofts
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September 17, 2017, 11:22:10 AM
 #1

Bitcoin was invented to disrupt "PayPal" because paypal was built on an idea of centralization which is not helping people from other countries. Yet, bitcoin has restored that very stolen idea of decentralization and freedom to the people. People are now using bitcoin all over the world because it's fast, secure, decentralized, and low fees in-terms of transferring value between two parties. Finally, but not least... Bitcoins has changed many people lives more than anything since the invention of the internet!

What is your thought about this? Share with us what you think. Smiley


     
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September 17, 2017, 11:25:27 AM
 #2

Bitcoin is, at the moment, the best attempt to solve the Bizantine problem: none could come up with a better solution.
From my point of view, it also solves a big current issue: privacy. That said, maybe it won't be the inventory of the century but could change how we perceive our financials!  Wink

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September 17, 2017, 11:27:51 AM
 #3

bitcoin for me gives a lot of convenience, bitcoin very fast in transactions between countries and with low cost. because of the many advantages that make bitcoin so bitcoin as the best effort in this century

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September 17, 2017, 11:34:25 AM
 #4

What is your thought about this? Share with us what you think. Smiley

I am willing to bet that there is going to be a better invention this century.
Let's make a bet... if there is going to be something better this century you will pay me 1 BTC.If not I will pay you 2 BTC.
As a disclaimer I was born in 87. Wink.

Bitcoin is, at the moment, the best attempt to solve the Bizantine problem: none could come up with a better solution.

I've always argued that when speaking of the Byzantine problem the first thing that comes into my mind is a 51% attack rather coordination.


As for inventions...I could live without a mobile phone, a computer, facebook or paypal as I did in the past ... but a fridge? That would be a problem.
In the last century probably the greatest ones were vaccines but nobody talks about them while they did save millions from death.

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September 17, 2017, 11:34:47 AM
 #5

Bitcoin was invented to disrupt "PayPal" because paypal was built on an idea of centralization which is not helping people from other countries. Yet, bitcoin has restored that very stolen idea of decentralization and freedom to the people. People are now using bitcoin all over the world because it's fast, secure, decentralized, and low fees in-terms of transferring value between two parties. Finally, but not least... Bitcoins has changed many people lives more than anything since the invention of the internet!

What is your thought about this? Share with us what you think. Smiley


the decentralized cryptocurrency bitcoin are very helping to economy of every nation and to the people no how to use and understanding the bitcoin using the new currency powered by the new technology the internet connection for faster grow of the cryptocurrency. bitcoin gives new life by giving work of every people to change the life from worst to much better.

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September 17, 2017, 11:39:57 AM
 #6

It's impossible to tell what the "invention of the Century" is when we're less than a fifth of the way through it.  Unless of course you have a very good time machine.

By the time that it would be reasonable to have an opinion on the subject (83 years from now), most of the people commenting on this thread will be dead and their opinions will be long irrelevant.

Of course this is just another one of those "hey, you people are on a Bitcoin forum, I guess you like Bitcoin then?" kind of threads which will probably get 1000+ replies within a week because of how interesting the completely bullshit premise is.  I'd better give up having any reasonable discussion here.

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September 17, 2017, 11:46:01 AM
 #7

So far, maybe yes, but we are still at the initial stage of the century, and we can still see a lot of maybe, better invention in coming time. But bitcoin is a revolution, for sure. It has totally changed the face of online economics and the ways of transacting money from one place to another. People never thought it can be so easy for someone to send money to each other one day, but bitcoin made it possible.

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September 17, 2017, 11:47:11 AM
 #8

Bitcoin was invented to disrupt "PayPal" because paypal was built on an idea of centralization which is not helping people from other countries. Yet, bitcoin has restored that very stolen idea of decentralization and freedom to the people. People are now using bitcoin all over the world because it's fast, secure, decentralized, and low fees in-terms of transferring value between two parties. Finally, but not least... Bitcoins has changed many people lives more than anything since the invention of the internet!

What is your thought about this? Share with us what you think. Smiley


I do agree with the statement that "Bitcoin is the invention of the century!" but I feel it should be more proper if you call as an invention of the decade and not century. However, I don't agree with that thought that the idea of bitcoin is stolen from Paypal because is not a crypto currency and it doesn't have a inherent value. It is just a payment facilitator and nothing else.

Blockchain technology has taken the idea of a free world currency and it's how bitcoin was built. The decentralized and anonymous currency free from country restriction. However, there are few governments and specially banks are after bitcoin because they think bitcoin can destroy their business. So we are receiving organized attacks from them to bring the price down.

Thirdly, I do agree with the statement that, bitcoin has changed the lives of many and it indeed is. A lot of people are earning a decent living because of bitcoin. It is also a great investment asset to many people like me. It is indeed the innovation of the decade for me.

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September 17, 2017, 11:50:35 AM
 #9

Bitcoin is not the invention of this century but the blokchain is the invention of the century because of the blockchain bitcoin exist

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September 17, 2017, 11:54:50 AM
 #10

What is your thought about this? Share with us what you think. Smiley

I am willing to bet that there is going to be a better invention this century.
Let's make a bet... if there is going to be something better this century you will pay me 1 BTC.If not I will pay you 2 BTC.
As a disclaimer I was born in 87. Wink.

The problem is, the life is too short! Neither one of us can live to see the end of the century. Grin
But I believe so because if you look at the last seven years nothing grow so fast like bitcoin and it helps a lot people.
Bitcoin is like evolution it changes people thinking on ways of how to use and save money/asset in a more smarter way.


     
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September 17, 2017, 11:57:16 AM
 #11

Bitcoin was invented to disrupt "PayPal" because paypal was built on an idea of centralization which is not helping people from other countries. Yet, bitcoin has restored that very stolen idea of decentralization and freedom to the people. People are now using bitcoin all over the world because it's fast, secure, decentralized, and low fees in-terms of transferring value between two parties. Finally, but not least... Bitcoins has changed many people lives more than anything since the invention of the internet!

What is your thought about this? Share with us what you think. Smiley


It is indeed true that bitcoin is one of the best invention of the human mind in this century but I do not agree that bitcoin was made to disrupt paypal. Bitcoin was a decentralized currency which is made in revolution to the current situation of the centralized banking situation. So paypal was nothing to do with the creation of bitcoin in the first place.

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September 17, 2017, 11:59:38 AM
 #12

So far, maybe yes, but we are still at the initial stage of the century, and we can still see a lot of maybe, better invention in coming time. But bitcoin is a revolution, for sure. It has totally changed the face of online economics and the ways of transacting money from one place to another. People never thought it can be so easy for someone to send money to each other one day, but bitcoin made it possible.

There is a lot of technologies that can be made to send money from one country to the other country. I think the best thing bitcoin gave the people is the blockchain. The blockchain can be improved and developed to be used in a lot of things not only here in the digital currency. It is like a gate of possibilities where it can be made to open a new gate for the better future and purpose.


 
 
 
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September 17, 2017, 12:04:51 PM
 #13

So far, maybe yes, but we are still at the initial stage of the century, and we can still see a lot of maybe, better invention in coming time. But bitcoin is a revolution, for sure. It has totally changed the face of online economics and the ways of transacting money from one place to another. People never thought it can be so easy for someone to send money to each other one day, but bitcoin made it possible.

There is a lot of technologies that can be made to send money from one country to the other country. I think the best thing bitcoin gave the people is the blockchain. The blockchain can be improved and developed to be used in a lot of things not only here in the digital currency. It is like a gate of possibilities where it can be made to open a new gate for the better future and purpose.

Most of the big countrys and banks are mainly knowing about blockchain technology only, as they know that if they use blockchanin technology in their system will be very useful














 

 

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September 17, 2017, 12:05:51 PM
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Not sure about Bitcoin itself. Cryptocurrencies have now been around for 8 years and are definitely here to stay. As mentioned above, the blockchain technology might gain a massive foothold this century in our society while Bitcoin itself will probably get overtaken by better performing crypto. I believe this process is already set in motion: before 2017, BTC absolutely dominated the market with a market share of at least around 80%. This year, BTC has lost a lot of terrain to some emerging alts.

When aircrafts were invented, Biplanes were initially the way to go but those planes later got surpassed by better performing, jet-driven aircraft. You could compare BTC with a biplane and future emerging alts with jetplanes.
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September 17, 2017, 12:08:09 PM
 #15

Bitcoin can not compete with the payment system, but its creation has really changed the lives of many people for the better and they can now provide for their family.

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September 17, 2017, 12:09:13 PM
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yes i think its good thing that arrise..
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September 17, 2017, 12:09:29 PM
 #17

To truly be sure that its invention of the century, you must first understand Bitcoin completly. I mean if you don't understand technology how could you know its so unique invention that wasnt possible before.

I understand it, im 100% sure Bitcoin is break-through technology that will change world as we know it.

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September 17, 2017, 12:12:14 PM
 #18

Bitcoin can not compete with the payment system, but its creation has really changed the lives of many people for the better and they can now provide for their family.
i agree with that. bitcoin sure open many door to peoples that need a changes for his life. we support bitcoin and hopefully it stay forever..
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September 17, 2017, 12:14:45 PM
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Quite shocking, but not very surprising, to see so many enamored with Bitcoin, which is a great innovation of course, but no where near being the "invention of the century".

If you want to look for "inventions of the century", look elsewhere. Medical research, for instance, has been running faster than ever. Bitcoin is great fun, but to the world it's nothing.
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September 17, 2017, 12:27:33 PM
 #20

Bitcoin can not compete with the payment system, but its creation has really changed the lives of many people for the better and they can now provide for their family.
i agree with that. bitcoin sure open many door to peoples that need a changes for his life. we support bitcoin and hopefully it stay forever..
I'm also hoping that scenario on which Bitcoin stay for long years because it can help many people and also it can support everyone needs. Bitcoin community become strong as the years past and more investors are continuing to come that can cause to Bitcoin a high price.

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