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Author Topic: Bitcoin has no role in real world  (Read 2675 times)
Lintel
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October 13, 2017, 06:03:35 AM
 #201

Bitcoin has no role in the real world? So what is the meaning of "real world" for you? We will never be here in this forum if butcoin has no role. Considering that bitcoin is a cryptocurrency gives it a big role for us, for the real world. It helps our financial needs and our day to day business or any others transactions online. You can also use bitcoin as your investment for your future income.

I strongly agree with you. Bit coin haa a big role in the real world . I am here because it plays a big part in my life, it helps me financially. This is our real world, we can't live or survive without money so inordee.for.me to earn extra income. Iam here in bitcoin doing campaigns.  As of now bitcoin is part of my life and one of my sources of living.

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centralbanksequalsbombs
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Bitcoin :open immutable decentralized global fair


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October 13, 2017, 06:12:05 AM
 #202

LOL , hahahahhaaa

Don't you know what a database is? A non-decentralized "Blockchain" is a private database....Private databases has virtually no value!

BLOCKCHAIN without bitcoin = SCAMCHAINS, useless unsecure private databases
BLOCKCHAINS without bitcoin ARE SIMPLY PRIVATE DATABASES that every small business has even a coffee shop = NO VALUE, its like fiat currency, small minimal value!

BITCOIN BLOCKHAIN = SECURE IMMUTABLE VALUABLE OPEN-SOURCE DECENTRALIZED FAIR (scarce bitcoin supply). Globally people poured over $80Billion (USD) equivelent value into bitcoin and this will increase with time.

Luckily for your education, every and any government and bank sponsored attempts at blockchains are proving to be practically worthless, rightly so as they're private consortium blockchain private databases. Also many other blockchain altcoin failures have been continuous...
"Bitcoin Classic" failure
"Bitcoin XT" failure
"Bitcoin Unlimited" failure
"Bitcoin Cash" failure
coming soon..."Bitcoin Segwit2x" (BTC1) failure

Recommend reading post: "Hacks Puppets and Forks - How to destroy Bitcoin"
https://bitcointalk.org/index.php?topic=1834310.20

Bitcoin has the highest value because of the totality of what it is - if it lacked the features of what it is, then there would be no value.

If it can be shutdown, and have assets frozen by a bank or government, there would be no value
If it wasn't secure, there would be no value.
If it wasn't immutable, there would be no value.
If it wasn't globally distributed, there would be no value.
If it wasn't so strong, open-source decentralized and unstoppable, there would be no value.
If it wasn't so scarce, there would be no value.
If it was easy to spam transactions, there would be no value
If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value
If it was exactly like fiat and only did transactions, there would be no value.

Bitcoin has all these together to make the most value and increasing more than any other financial-asset option coming from the fiat central-banking debt-system.

hacks (these people may have been well-meaning previously...but people change...):
Mike Hearn : “the "Bitcoin experiment" has "failed." goes on to Ethereum an app coin.
Hearn - Big Bank Bitcoin Bully - https://medium.com/@tradertimm/hearn-big-bank-bitcoin-bully-c61531c082e#.okh9viyze
Craig Wright - desperately claimed to be Satoshi & then flees fraud trying to file a bunch of IP patents! LOL!
Mark Karpeles
Paul Vernon
Josh Garza
Roger Ver
Jeff Garzik (2017 recent; hard forking BTC1 / segwit2x)
"Jeff Garzik wants you to connect to his Bitcoin transaction analytics (spy) company Skry, by default, in the SegWit2x fork. Jeff is a sneaky snake!":https://www.reddit.com/r/Bitcoin/comments/6n9grc/jeff_garzik_wants_you_to_connect_to_his_bitcoin/
Barry Silbert (and his DCG portfolio of companies-ie Coinbase, Bitpay, sponsoring ilk of Jeff Garzik characters)


Though it is still very early adoption not even 1% adopted yet (most people everywhere don't know what it is)...
Bitcoin has freed, continuing to free, and tomorrow will still free many people globally from the centrally controlled debt-based fiat system that confiscates your wealth with inflation and tax. Bitcoin is a TRUE savings vehicle. Buying Real Estate, Hospital healthcare, Global traveling, College Education gets cheaper as you hold Bitcoin.

And it has become clear that...
Bitcoin CANNOT be controlled.

Bitcoin cannot be made legal. Governments may still attempt to do so. They can never have such domination on Bitcoin.

Bitcoin cannot be made illegal. Governments may still attempt to do so.


Central banks already control and manipulate Stocks, Real Estate, Gold, Interest Rates. Central banks will never have such domination on Bitcoin.

Bitcoin reached escape velocity 4-years ago in 2013 which means it cannot be stopped - cannot make it illegal or legal - governments/banks do not matter.

On the opposite end of the spectrum the global fiat (US Dollars, Indian Rupees, Chinese Yuan, etc) bubble system broke a couple of decades ago.

Fiat around the world is forced to inflate issuance as its heavily infested, burdened and broken with:
-regulatory burden on fiat banks & system (incredibly costly)
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-insurance fraud
-false claims and insurance loss-events
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-using enforcement labor to freeze accounts and assets and take away your money
-costs of auditors and budgetors and accountants to governments and businesses

Bitcoin, systemically, is free from these burdens.

Bitcoin is GLOBALLY held and sought after by people in almost every country - see global trade data by country or see this list:
https://bitcointalk.org/index.php?topic=1853019.0

CAN SOMEONE PLEASE STOP BLOWING BUBBLES OF EXTRA FIAT MONEY AROUND THE WORLD? (PLEASE NO MORE USD, EUROS, JAPANESE YENS, INDIAN RUPEES, CHINESE YUAN, MEXICAN PESOS - PLEASE STOP INFLATING AND MAKING BITCOIN SO VALUABLE)...stop this pumping

https://macromon.wordpress.com/2017/04/26/the-chart-that-floats-overvaluation/

Tips welcomed
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October 13, 2017, 07:00:26 AM
 #203

Bitcoin has no role in the real world? So what is the meaning of "real world" for you? We will never be here in this forum if butcoin has no role. Considering that bitcoin is a cryptocurrency gives it a big role for us, for the real world. It helps our financial needs and our day to day business or any others transactions online. You can also use bitcoin as your investment for your future income.

I strongly agree with you. Bit coin haa a big role in the real world . I am here because it plays a big part in my life, it helps me financially. This is our real world, we can't live or survive without money so inordee.for.me to earn extra income. Iam here in bitcoin doing campaigns.  As of now bitcoin is part of my life and one of my sources of living.

the role of bitcoin is so great for the economic changes of its users financially and I think with this fact it can prove that the role of bitcoin to the real world has been proven, for me now bitcoin has become a source of income which is certainly very helpful to meet the cost of my life.

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gurunanakji777
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October 13, 2017, 07:12:08 AM
 #204

I entirely disagree with your comment. It means alot in the real world. Even most of the forum member will also disagree with your comment. It has real value & its value is increasing at nice pace. I am using btc since 1+ year & I am happy I don't need to pay high fees as compare to bank charges & apart from this btc is giving me financial freedom too, for me it has a real role/value.
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October 13, 2017, 07:16:28 AM
 #205

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.
I strongly disagree with this title, because I feel that bitcoin is very influential in my life in the real world

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October 13, 2017, 07:17:47 AM
 #206

I definatly do NOT think so.
Just look what is happening in Venezuela: people is fearing of loosing his money with the local money because his government is collapsing. So they instead leaving their saving on bank account in local currency, they massively buy BTC. And so many other country are doing the same.

Only this aspect can change your vision and make you understand how important is a decentralised currency.

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October 13, 2017, 07:25:20 AM
 #207

Bitcoin has no role in the real world? So what is the meaning of "real world" for you? We will never be here in this forum if butcoin has no role. Considering that bitcoin is a cryptocurrency gives it a big role for us, for the real world. It helps our financial needs and our day to day business or any others transactions online. You can also use bitcoin as your investment for your future income.

I strongly agree with you. Bit coin haa a big role in the real world . I am here because it plays a big part in my life, it helps me financially. This is our real world, we can't live or survive without money so inordee.for.me to earn extra income. Iam here in bitcoin doing campaigns.  As of now bitcoin is part of my life and one of my sources of living.

the role of bitcoin is so great for the economic changes of its users financially and I think with this fact it can prove that the role of bitcoin to the real world has been proven, for me now bitcoin has become a source of income which is certainly very helpful to meet the cost of my life.

Yes.World economy is based on bitcoin now.Why because, many people are now quite their full time job and get into bitcoin fully.By involve in trading ,Mining ,you will get very huge dollar as income. Since Many people get income from bitcoin, world economy depend on bitcoin.

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October 13, 2017, 07:49:43 AM
 #208

It is your opinion, so we respect that. I guess you haven't earned yet in bitcoin and learn how to use it into the thing you said "real world". There are already a lot of opinions, experiences, and facts being said contrary to what you think, so my friendly advice to you is to do your research first before ranting. Look where bitcoin is right now considering its existence which is just only less than a decade.

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October 13, 2017, 07:56:28 AM
 #209

bitcoin in my opinion plays a role in the world because bitcoin gives many new hopes for the crypto and provides additional income for them. hopefully bitcoin continues to grow and provide many benefits for people who do not have a job.

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Md Saad
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October 13, 2017, 08:23:41 AM
 #210

Absolutely not, Bitcoin has brought a new dimensional business as well as virtual transaction platform. it is providing a low fee payment system and hassle less payment system so that a lot of online shopping platform already has accepted Bitcoin as a payment tool. I believe that Bitcoin already created a better platform for saving and investment so that people are becoming involved in this system day by day. in that case, I want o say that Bitcoin is obviously playing an important role in the real world.


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October 13, 2017, 08:36:47 AM
 #211

Bitcoin currently has such a big impact in the real world as it helps improve the financial situation of many people and in many places you can pay for purchases of goods. He's just starting to grow and he needs more time for everyone to feel his worth.

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October 13, 2017, 08:44:53 AM
 #212

Now Bitcoin is playing a huge rule in the market because many banks and many owners of the companies are seeing the potential in the Bitcoin. Now they are not any negativity about the Bitcoin because they are seeing huge support from the people.

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October 13, 2017, 08:51:03 AM
 #213

OP Sounds like Jamie Dimon , obviously mentally challenged and has no clue what he's talking about.

Probably thinks Mark Karpeles was Bitcoin CEO.

Nice troll bait indeed, but that's about it. You managed to slightly irritate me even though i just woke up to a $5700 Bitcoin.

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October 13, 2017, 08:51:55 AM
 #214

It does have a huge role in the world because the market is exploding because of bitcoin. And in the future Bitcoin will probably have its own coins so you can buy things in supermarkets for example. So bitcoin has definitely a huge role in the world.
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October 13, 2017, 09:02:25 AM
 #215

For me Bitcoin has a role in my life and I don't believe that it has no role in your life because if we look at it very closely I mean someone's life it give them hope and courage to go through the plbetter path that they wanted. Bitcoin is the who makes them satisfied everyday by making themselves happy in buying cloths, foods and also shelter.

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October 13, 2017, 09:26:50 AM
 #216

I don't think so. Look simple, when I lose money from bitcoin, I can't enough money to buy clothes, food and so on. It actually effects in my real life. Cry

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October 15, 2017, 07:24:37 AM
 #217

Bitcoin has no role in the real world? So what is the meaning of "real world" for you? We will never be here in this forum if butcoin has no role. Considering that bitcoin is a cryptocurrency gives it a big role for us, for the real world. It helps our financial needs and our day to day business or any others transactions online. You can also use bitcoin as your investment for your future income.

I strongly agree with you. Bit coin haa a big role in the real world . I am here because it plays a big part in my life, it helps me financially. This is our real world, we can't live or survive without money so inordee.for.me to earn extra income. Iam here in bitcoin doing campaigns.  As of now bitcoin is part of my life and one of my sources of living.
Yes I also agree bitcoin has big role in real world because bitcoin is a digital currency and money can play a role anywhere so it’s totally out of question that bitcoin has no role in real world bitcoin teach a lot of things to the people it change a life of thousands of people around the world and it also make a life easy of every single of his user.

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