Bitcoin has no role in real world

[getreal]

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.

[rodskee]

i don't believe this speculation about bitcoin are no role in real world, if put on your mind bitcoin helping to people giving hope in the daily routine in lives because bitcoin giving a lot of benefits for the people and helping to economy of every nation accept the bitcoin as currency using the volatile, example the role of bitcoin in world giving decent job for the jobless and if the nation or country are in troubles to provide the great job for his people bitcoin giving this and give good income.

[Pursuer]

accepting change has always been hard. whenever something new comes along that changes a lot of things about the old ways that people are used to, they are known to go out of their ways to defy it. to bring so much logic and argument to try and convince (most of all) themselves that this change is not good. call the change "buzz words" just because they can not see the revolution.

but the change happens no matter if some people accept it or not.

[DaMut]

BTC has no role in the real world for now in your opinion,
but in the reality? a lot of people using this as a tool to send their money across the world,
which mean it help a lot of people for doing their daily activity or daily business.
you have no respect to satoshi nakamoto beause they ignored the goverment and authorities ?
well i can understand it because you're pro with them,but this is the reason why Bitcoin is very popular because of the freedom.
in some country you will see them as an authorities surpressing their citizen for their own,
and in return they did not give anything to the country,while they're taking the 'expenses' from their citizen.
i do not say paying the 'expenses' is a bad idea,but they should understand how to do it and how to use it.
most of them did not care about it at all that is why the reason Bitcoin created(it might be).

so no role in the real world ? i totally do not agree with it,
for me it has a role for me.

[Thekool1s]

I don't agree with you, Bitcoin is playing its role for everyone, Take me for example, i can now pay with bitcoins where i had to give my personal info like credit cards etc, Its protecting my privacy. Almost every major retailer accepts it, yeah the fees are a bit on the high side these days, but a fix is coming soon. Also to me my privacy is everything, So i won't mind paying an extra $2 here there if it can protect me in the long run, So when you say bitcoin isn't playing its role its just plain BS. It's serving the Elite Group, Helping them to move money from one country to another without paying the Extortion(tax) along with people like us who don't own much but Definitely use in our day to day life. Bitcoin is exactly doing what it was made to do.

[Kronos21]

Bitcoin really is still too weak to have a big impact on our lives but we are only at the beginning of the path. The dollar took a world war and half a century to take over the world. We still have everything ahead. The main thing that in the world there is a demand for the replacement of the dollar. There is demand there will be supply.

[inanilujimi]

You write too much in your mind It seems like you have a lot to learn about what bitcoin is You already misunderstood what bitcoin is.

[jmigdlc99]

What a short-sighted tool.

1. Bitcoin is not recognized by governments TODAY, but slowly and eventually bitcoin's value will shine through and adoption will increase. With this, will come stability in terms value which will make it viable as a global currency.

2. Fees are rooted in the design yes, thats basic and I doubt any legitimate statements declare bitcoin as zero-free. The key to understanding this is that the fees are LOWER than what your traditional blood-sucking financial institutions are charging.

Come on, open your eyes bro.

[Prettyme]

i don't believe this speculation about bitcoin are no role in real world, if put on your mind bitcoin helping to people giving hope in the daily routine in lives because bitcoin giving a lot of benefits for the people and helping to economy of every nation accept the bitcoin as currency using the volatile, example the role of bitcoin in world giving decent job for the jobless and if the nation or country are in troubles to provide the great job for his people bitcoin giving this and give good income.

Yes im agree with you man. If you are going to discover the true essence of bitcoin you must realize that bitcoin has a great impact to human life. Bitcoin is not just for a fast transaction online such as buying things in the virtual world and even investing but this is not the only benefit that we must enjoy with bitcoin but rather it can give us a job to support our daily needs. Indeed that bitcoin will give you financial freedom.

[JefLiber]

Bitcoin today already has a huge role in the real world as it helps improve the financial situation of many people and in many places you can pay for purchases with it. He has just started to develop and he needs even more time for everyone to feel his importance.

[GideonGono]

I've read and understand your sentiment. You should not confuse Bitcoin and altcoins or any other cryptocurrency. The industry built in Bitcoin, of course, has a touch of real life despite that it is located in the cyberworld or online world. People had used bitcoin as a mode of payment in exchange or virtual or "real" things. Also, people who are unemployed had came to earn thru bitcoin which affects their lives and it "can" affect the economy -- it might not be in a direct way but indirectly it does.

It's kinda hard to accept new things or change(s) but let us be open minded and view it in a small and larger perspective "wholely."

[Chanock]

Maybe your speculation have a point but the reality bitcoin have a big role in the society were it belong and also uplift the economy of people believing in bitcoin. Some of your opinion is wright and have a point but from your opinion bitcoin used in virtual transaction meaning that bitcoin have a role in the society and it help them to make it easy the transaction in digital transaction.

[Juggy777]

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.

Another newbie ranting about Bitcoins is not accepted in the real world. It is quite evident op that you did not buy Bitcoins at a low price, and you're jealous of Bitcoins, so it's really sad to see that you hardly know anything about come to this forum and start, saying stuff that it should not exist, and your analogy by comparing with android only shows how bad your knowledge is, newbies come and think they know it all.

[Delicat]

coming here hoping to find some quality debate, got to say, this is weak. maybe you should do some research before laying out the claims like the one calling btc a fraud.

[coinjack1337]

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.

Another newbie ranting about Bitcoins is not accepted in the real world. It is quite evident op that you did not buy Bitcoins at a low price, and you're jealous of Bitcoins, so it's really sad to see that you hardly know anything about come to this forum and start, saying stuff that it should not exist, and your analogy by comparing with android only shows how bad your knowledge is, newbies come and think they know it all.

Tolerance, bro.

Let him have his perspective. I read a thread earlier today that Newbies here always get treated like scammers, and this is a nice example.

[GrayFullbuster]

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.

It seems that you are wrong because you don't understand well how the bitcoin works. Bitcoin has a role in the real word. Many people are now depending to the bitcoin because bitcoin is their source of money and income.

[Theb]

It is really hard for us to define what the words "role in the world" really mean. A role for what? A better economy? A better standard of living? Because Bitcoin definitely has a role in our society and it depends on how the world views what it is, just by browsing and reading through the pages of this forum you will see that Bitcoin's role to the majority of the users is to become an investment which is doing good for us people who are really investing to it as it is giving us profit.

[13abyknight]

The same Bitcoin which you believe 'has no role in the real world' began from $0.01 and look where it is priced at today? It is simply because it has been extensively used in daily trade in the real world as well as the virtual world. Its one's stupidity to calling it a failure in the real world, seeing all the glory it has achieved across the years.

[mondobitcoin]

For me bitcoin has a good role in the real world, because the criptocurrencies are the future
You need to trust more on them

[Persiville]

It really don't have a certain role in real life for some people, but think on how much is it being adopted to the society, about its purpose and its importance to the future generations. It is really sure hard to adopt from changes, but what else can we do, people will really choose to find more easy way in life rather than those old conventional ways we've grew up with.