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Question: Do you believe bitcoin is the invention of the century?
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September 17, 2017, 10:09:23 PM
 #41

In my opinion not the invention of the century. But Satoshi Nakamoto certainly deserves a Nobel Prize.
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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September 17, 2017, 10:38:33 PM
 #42

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.
a good opinion and I agree with you too, if this bitcoin was discovered in the past but may not develop as it is today and could be a bitcoin die or can not develop as it is now. The discovery of the bitcoin is now really changing the face of the online economy and how to transact money from one place to another so that it can change the lifestyle of individuals.

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September 17, 2017, 10:39:48 PM
 #43

Bitcoin is not the invention of the century, actually that would be Blockchain, which Bitcoin is based on.

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September 17, 2017, 10:42:20 PM
 #44

You don't say?

Surely, Bitcoin will change the world for the better. I can't wait til everyone uses it. Smiley

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September 17, 2017, 11:16:09 PM
 #45

The blockchain is the invention of the century. Bitcoin is just a product of the blockchain, which is the underlying revolutionary technology.


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September 17, 2017, 11:27:12 PM
 #46

More accurately, the true invention is the Blockchain.

But yes, Bitcoin has to be one of the greatest inventions ever considering what utility it is disrupting - money. And ultimately money is a synonym for control. In essence, the true benefit of Bitcoin is economic freedom. And since it is opportunity for all - no matter whether you are green, yellow, blue or pink - you can participate in Bitcoin and the Blockchain. Most people in first world countries are blind to how poor and disadvantaged 3rd world countries are when it comes to the current economic system and Central Banks. With Bitcoin, most everyone can be a winner.

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September 18, 2017, 03:51:38 AM
 #47

There is no such thing as the best in technology, the technology has to constantly renew itself, the bitcoin has to be renewed in the same way, there are many deficiencies, it will be stronger as it is renewed.



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September 19, 2017, 06:48:57 PM
 #48

Yes it is invention of the century until something new happen in technology world.
Many many thanks to satoshi nakamoto who gave us bitcoins.


Exactly we must thankful to Mr. Satoshi who gave such an amazing piece of technology. Bitcoin is definitely the need of time and we must say the technological world have been changed so much. The hundreds and thousands people have been benefitted in their life.

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September 19, 2017, 06:50:52 PM
 #49

Maybe you are right, but there have been a  lot of inventions in this century (2000-at the moment) i dont know if do you remember, but smartphones were a good invention too, almost all technologies were created in the last 17 years, so i dont think that bitcoin was the best of them, since without the pc's technologies then it would be impossible for bitcoin to be created.

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September 21, 2017, 09:25:06 PM
 #50

It is funny those who don't understand bitcoin are bashing it the most and when they do understand, they are turned into the most hardcore fans. Cheesy
I must say that Bitcoin is the biggest investment of the century and I think there is hardly any reason to disagree with it. The way Bitcoin is making its name in the international market, this thing is for sure that Bitcoin is going to rule the international market one day.



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September 21, 2017, 09:44:51 PM
 #51

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 agree with what you say. but in fact it is not easy to bring bitcoin deeper into the world community anymore. because in some countries has banned the use of bitcoin. this is the politics of banks that fear their customers.

I really agree bitcoin is the most sophisticated invention of this century digital money money.

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September 21, 2017, 09:54:12 PM
 #52

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




really what you say, they have taken the right we have to receive, they dont want us to be independent and have a more prosperous life.

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September 21, 2017, 10:11:28 PM
 #53

It is funny those who don't understand bitcoin are bashing it the most and when they do understand, they are turned into the most hardcore fans. Cheesy
I must say that Bitcoin is the biggest investment of the century and I think there is hardly any reason to disagree with it. The way Bitcoin is making its name in the international market, this thing is for sure that Bitcoin is going to rule the international market one day.

Agree bitcoin is the biggest investment in the century those who believed in it became rich in just a span of time. Blockchain in the other hand is by far one of the best invention made.

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September 22, 2017, 01:40:02 PM
 #54

Only time will tell... who knows what's coming next?
Blockchain technology though and the possibilities it brings along with it and not Bitcoin itself could prove to be the invention of the century.
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September 22, 2017, 01:57:35 PM
 #55

It is funny those who don't understand bitcoin are bashing it the most and when they do understand, they are turned into the most hardcore fans. Cheesy
I must say that Bitcoin is the biggest investment of the century and I think there is hardly any reason to disagree with it. The way Bitcoin is making its name in the international market, this thing is for sure that Bitcoin is going to rule the international market one day.

Agree bitcoin is the biggest investment in the century those who believed in it became rich in just a span of time. Blockchain in the other hand is by far one of the best invention made.
Exactly that would be the essence of bitcoin that is the biggest investment that created in the century and yet for who believe and trust for the bitcoin crypto currency become rich in the near future. I dont say that don't believe here can be poor but look for what changes bitcoin can be in our life since we know about this currency all of us had been changed because for what we believe.

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September 22, 2017, 02:04:14 PM
 #56

Yes, exactly, Bitcoin is real invention of the century. But Bitcoin users are ~200 000 per 24 hours, according to Blockchain website info, this is not too much for the whole world. Mastercard have around 174 millions users in 2012, so you see the difference, check link here - https://wallethub.com/edu/number-of-credit-cards/25532/
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September 22, 2017, 02:14:27 PM
 #57



It's true that Bitcoin is the revolution in both money, banking and finance. But there are still many many decades left in this century with a plethora of new inventions and concepts that haven't even been invented yet, or improved upon. We haven't even reached Moore's law of escape velocity where the exponential growth in technological innovation is doubled every month and then to every week and then to every day.

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September 22, 2017, 02:41:03 PM
 #58

Indeed, bitcoin was an invention of the century because no electronic coin ever produced before bitcoin
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September 22, 2017, 02:50:12 PM
 #59

We all here can say that bitcoin is the greatest invention of the century, but guys, here actually not so many people and many people who don't know bitcoin at all or just hear about it, but don't take a part in it (the biggest mass of the society) would argue about that. Bitcoin is definitely a good thing and it gave to us a lot of financial opportunities, but in fact it's just money or form it, and I believe that our life is not just money and there is much important invention than bitcoin.

   
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radhekrishna
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September 22, 2017, 03:12:08 PM
 #60

of course it is since it invented it totally change the way people use their money as well as it make transaction so easy and secure.
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