Bitcoin has no role in real world

[leigh2k14]

Do not worry friends, this is just the beginning; the bitcoin has several years in front of him and we are only at the starting point, you will see in a few years, full of people like you underneath the bitcoin

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[gentlemand]

Schooled by a noob again. I must've sold up thirty times this week alone.

Bitcoin has been of use to me plenty of times already for international transfers and there are use cases that haven't even been guessed yet which'll be utterly ubiquitous some day. In the meantime I'll ignore the know nothings and stay put.

[Cacaparg]

I dont agree with this sentance, the capitalization of bitcoin several billions, and this amount is bigger than GDP of many countries, and also bitcoin has huge community, it also makes world influence.

[Firefox07]

How can you say that bitcoin has no role in real world? In fact bitcoin play a big role in this world. Bitcoin can change anybody's life. Before, many people can't produce money for their family but now they are earning money from bitcoin.

[hypersonic1]

BTC has no role to play in the real world affairs. People who try to create such a role are confused between asset and currency. The design itself only considers pure virtual activity with no touch with real world. People also mistake the buzz words such as "peer-to-peer", "border-less", "decentralised" etc as the problems to be solved. But sadly these are not real problems. The insignificant problems (speed and fees) are hardly enough to sell and these problems are going away anyway. I have no respect to Nakamoto because he ignored the most important element (govt and authorities) in social situation and still want to sell it as some solution to social situations. Hardly any country has regulatory framework that deals with btc.

The problems are rooted in the philosophy of crypto, not in the code. So, the beauty of blockchain tech is irrelevant for btc. It is like selling a bad app by showing how great Android is.

1) Bitcoin does not provide controlled visibility, because it doesn't recognise the existence of governments. Now if you make changes to provide visibility to authorities, ALL privacy is gone. If you don't, then ALL visibility is gone.

2) Fees are rooted in the design. Whatever consensus you invent for a public blockchain, you can't escape rewarding the work of validating transactions. So zero fees are not possible.

Public blockchains sacrifice all good qualities of a business application for the sake of trust-less environment which is not even actually a problem to solve in many contexts. Also they make it extremely costly to run small amount of code or small storage. Who wants their business code to be validated by all arbitrary people in the world?

Most ICOs are sharing economy concepts similar to uber model. Lack of a responsible intermediary and costs will make these "innovations" to fail, if they ever have to touch real-world activities.

Bulk of the blockchain activity will move to business collaborations which might not even look like a blockchain. Crypto coins will be used in most business blockchains, but these coins will be value-less tokens and very specific to the business or institutional activity.

You understand that most if not all of your arguments are the fuel for why bitcoin has and is becoming more popular right? Bitcoin is both a commodity and a currency just like light is a wave and a particle. You don't need a government and a federal reserve when this is a literal mathematical protocol neutral to all things with no bias in a closed system that can not inflate. people take the risk of zero visibility so they can't be manipulated by our "controlled" fiat money. Most people who are smart and simply holding or holding wit interest don't pay any attention to ICO's.

Bitcoin already touches the real world. You can grab a Bitcoin Debit card today, Amazon will be accepting it soon AND the same wall street big wigs criticizing the currency have bought up bitcoin themselves.

let go and jump into the ocean or you'll be stuck on the lonely island.

[Gotomoon]

How can you say that bitcoin has no role in real world? In fact bitcoin play a big role in this world. Bitcoin can change anybody's life. Before, many people can't produce money for their family but now they are earning money from bitcoin.

Bitcoin has a big impact in our daily lives. It helps many users to earn money online infact even students use bitcoin as this is one of their source of income. So I dont think bitcoin has no role in reality.

[FrayDigger]

I do not know about the changes in life, but the fact that Bitcoin has already begun to change our ideas about money and opportunities,it is true

[krafa]

Who says? I totally disagree with you.
Here the reasons:

* Bitcoin is commonly used as first currency in many places.
* Its also called Digital Gold, so you can save it for future.
* You can use Bitcoin for Trading & Shopping.
* Bitcoins are commonly used in Online Gambling.
* Very Low Fees while paying payments.
* Bitcoin is really very secure and secret.

Thanks

[cryptofraction]

Back in the day, naysayers like yourself, were saying that Internet/Facebook/etc. is BS and will not be useful. Let that sink it. Changes are coming whether you like it or not. Nobody has the power to stop it, not even governments.

[chip211]

No one cares about its role in the real world, which people care about as the value of it affects the real world.

[Jose21]

Lets agree to disagree , i dont believe that bitcoin has no role in the real world because when people knows that bitcoin has a rising price they become attracted in using it as theyre source of income and not only that, they also used it for earning more profits and its like a win-win to everyone.

[FoxTheHuman]

BTC has no role to play in the real world affairs. People who try to create such a role are confused between asset and currency. The design itself only considers pure virtual activity with no touch with real world. People also mistake the buzz words such as "peer-to-peer", "border-less", "decentralised" etc as the problems to be solved. But sadly these are not real problems. The insignificant problems (speed and fees) are hardly enough to sell and these problems are going away anyway. I have no respect to Nakamoto because he ignored the most important element (govt and authorities) in social situation and still want to sell it as some solution to social situations. Hardly any country has regulatory framework that deals with btc.

The problems are rooted in the philosophy of crypto, not in the code. So, the beauty of blockchain tech is irrelevant for btc. It is like selling a bad app by showing how great Android is.

1) Bitcoin does not provide controlled visibility, because it doesn't recognise the existence of governments. Now if you make changes to provide visibility to authorities, ALL privacy is gone. If you don't, then ALL visibility is gone.

2) Fees are rooted in the design. Whatever consensus you invent for a public blockchain, you can't escape rewarding the work of validating transactions. So zero fees are not possible.

Public blockchains sacrifice all good qualities of a business application for the sake of trust-less environment which is not even actually a problem to solve in many contexts. Also they make it extremely costly to run small amount of code or small storage. Who wants their business code to be validated by all arbitrary people in the world?

Most ICOs are sharing economy concepts similar to uber model. Lack of a responsible intermediary and costs will make these "innovations" to fail, if they ever have to touch real-world activities.

Bulk of the blockchain activity will move to business collaborations which might not even look like a blockchain. Crypto coins will be used in most business blockchains, but these coins will be value-less tokens and very specific to the business or institutional activity.

You have been thinking too much about it and in the negative direction I don't like this, It has no role in the real world, but its influence on the real world is so great that investors are interested in. No one investor wants to invest in something that does not affect the reality.

[pixie85]

Lets agree to disagree , i dont believe that bitcoin has no role in the real world because when people knows that bitcoin has a rising price they become attracted in using it as theyre source of income and not only that, they also used it for earning more profits and its like a win-win to everyone.

If you wrote that a bit slower and actually thought before writing, your post might actually be readable.

No one cares about its role in the real world, which people care about as the value of it affects the real world.

And same to you...

[KingdomHearts]

read this article and tell me again that bitcoin has no value in the real world thanks
https://futurism.com/bitcoin-was-just-used-to-pay-for-a-new-home-in-texas/

Whoever says that there is no role of bitcoin in real world may be retarded, Bitcoin made people millionaire, so many lives are depending on bitcoin a lot of people are doing it as their business and many had invested in it due to its benefit, bitcoin is most powerful coin of this time and no one can’t say this easily that there is no role just explore and then say.

[Best Dreams]

I can't agree with such statement because it's simply not true. Bitcoin has developed a lot and passed a very long way from the begining until this role it has now. It's getting more and more accepted, it has practical use in real life, more and more governments are taking into consideration the decision for regulation and it's becoming the normal part of peoples' finances.

Yes its true bitcoin has a role and value in world although its decentralized but there are a lot of users and followers of bitcoin and it’s going to increase day by day but most important thing is its money and money by itself play a role because from money you can buy things you can use it on your education .

[GoodLuck2]

I dont agree with this sentance, the capitalization of bitcoin several billions, and this amount is bigger than GDP of many countries, and also bitcoin has huge community, it also makes world influence.

I am also against the statement. Bitcoin is a revolution in the history of mankind. It is not only a new currency but also an asset that can give us a good amount of profit with time. It is a savior; many people have found employment in this digital currency. A few years ago, this statement could have affected us but now we all can rely on bitcoin for our futures blindly.

[Rinaze]

That's not so true in my opinion. Even without Bitcoin, the world is trying its' best to move on to become a cashless society. Look at China, you can leave your house without any fiat and pay for almost anything on WeChat. The main problem with that is that the virtual currency that they are using is still centralized.

[cipher-x_09]

People are not fond of getting off getting their comfort zone they are used to getting want they at the easiest way as much as possible. They tend to avoid getting worked on. They won't be a role the people make's one it depends upon the decision of people.

[Shamie1002]

I disagree with you Sir, the first reason why Philippines accepted bitcoins is for our OFWs transactions and remittances. Yes we do have taxes for it but it has its purpose in reality.
Secondly, bitcoin is an daily, weekly, monthly and even yearly profit. I think you are just saying it does nothing because you are not yet earning for now Sir. There are so many users here that earned more than what an average employee earns in a month ( with respect ).
And as soon as adaption is in wide range there will be a greater purposes for bitcoins.

[knightmairesaint]

BTC has no role to play in the real world affairs. People who try to create such a role are confused between asset and currency. The design itself only considers pure virtual activity with no touch with real world. People also mistake the buzz words such as "peer-to-peer", "border-less", "decentralised" etc as the problems to be solved. But sadly these are not real problems. The insignificant problems (speed and fees) are hardly enough to sell and these problems are going away anyway. I have no respect to Nakamoto because he ignored the most important element (govt and authorities) in social situation and still want to sell it as some solution to social situations. Hardly any country has regulatory framework that deals with btc.

The problems are rooted in the philosophy of crypto, not in the code. So, the beauty of blockchain tech is irrelevant for btc. It is like selling a bad app by showing how great Android is.

1) Bitcoin does not provide controlled visibility, because it doesn't recognise the existence of governments. Now if you make changes to provide visibility to authorities, ALL privacy is gone. If you don't, then ALL visibility is gone.

2) Fees are rooted in the design. Whatever consensus you invent for a public blockchain, you can't escape rewarding the work of validating transactions. So zero fees are not possible.

Public blockchains sacrifice all good qualities of a business application for the sake of trust-less environment which is not even actually a problem to solve in many contexts. Also they make it extremely costly to run small amount of code or small storage. Who wants their business code to be validated by all arbitrary people in the world?

Most ICOs are sharing economy concepts similar to uber model. Lack of a responsible intermediary and costs will make these "innovations" to fail, if they ever have to touch real-world activities.

Bulk of the blockchain activity will move to business collaborations which might not even look like a blockchain. Crypto coins will be used in most business blockchains, but these coins will be value-less tokens and very specific to the business or institutional activity.

Maybe only on your perspective. In mine, bitcoin has role in the real world even it just a virtual coin. It is true that it is only data, intangible and inexistent in the real work, but still it affects lives of its patrons. Meaning, it has indirect role in the real world through its users. And also, if it has no role, why people don't stop using it ? It is still the most popular cryptocurrency till now, they even call it king of cryptocurrency. You might never heard of it if it has no role.