Bitcoin has no role in real world

[yyui]

I disagree with your view that Bitcoin is a type of cyber virtual currency that is limited in quantity but can be used to cash out: it can be exchanged for most countries’ currencies. You can use Bitcoin to buy some virtual items, such as clothes, hats, and equipment in online games. If someone accepts it, you can use Bitcoin to buy items in real life.

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[kauban2018]

Bitcoin has no role in this world as what oher people think but actually bitcoin can also help others especially when sending money. Bitcoin exist not just for hackers or to steal your money or even a scamming your accounts. It has a big impact to the countries who believe in it. Like paying their bills, loads, or even paying their credit cards because fot them this will make their account safer than the other transactions that they will going to have. All we need to do, is to accept that bitcoin does exist nowadays that even how this exit, who are the people behind this just open your hand to accept that this really exist.

[kirisakidaichi]

But I think bitcoin plays a big role in the real world. for example is work. rising bitcoin makes people get new jobs and finances besides their main job, does not that play a big part in real life

[jeepuerit]

There is, every cryptocurrency has rules, rules of Bitcoin here on earth are used for people, benefiting many citizens, developing other countries, such as the rules of Bitcoin, and enriching people.

[Core.BUSTER]

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.

The roles of any innovation is yet to be determined in my opinion. And whether bitcoin and cryptocurrency itself has a role in the "real world", is subjective. Because for me, if the online communities are not part of the "real world" then what is? Does the economy only circles in the physical assets? We all have views whether we accept or deny the part of this online market to the society depends on how integrated we are in this part of the world. And everything is yet to be determined in the future years.

[pantheraio]

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.

I agree with your statement that bitcoin has a huge role in this world. Because bitcoin is growing day by day. How can bitcoin not have a role in this world. I see the bitcoin will be at the top in time.

[Jay Jay crypto]

Bitcoin Has No Role Yet for Institutional Investors: Bernstein
By
January 22, 2018, 8:09 AM GMT+1

BitBull CEO DiPasquale Says Crypto Assets Are Here to Stay
BitBull CEO DiPasquale Says Crypto Assets Are Here to Stay

Taken on its own, Bitcoin’s eye-popping 1,400 percent rally last year would put most other investments to shame. But even such a monster gain might not be enough to put the cryptocurrency on the radar for institutional investors, according to Sanford C. Bernstein Ltd.

The sheer volatility, liquidity, and even environmental concern -- the electricity requirements for Bitcoin mining are enormous -- associated with the still-nascent cryptocurrency space means Bitcoin doesn’t yet have a real role to play for asset allocators, according to Inigo Fraser-Jenkins, the brokerage’s head of global quantitative and European equity strategy.

[pandanpanda]

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 have never held bitcoin in the real world, what form do I not know?
for my knowledge bitcoin is based solely on digital technology, but existence can be felt in the real world even more in cyberspace, like mirages that can only be seen but can not hold. Positive thinking about bitcoin is a good thing

[FUD Expert]

Bitcoin Has No Role Yet for Institutional Investors: Bernstein
By
January 22, 2018, 8:09 AM GMT+1

BitBull CEO DiPasquale Says Crypto Assets Are Here to Stay
BitBull CEO DiPasquale Says Crypto Assets Are Here to Stay

Taken on its own, Bitcoin’s eye-popping 1,400 percent rally last year would put most other investments to shame. But even such a monster gain might not be enough to put the cryptocurrency on the radar for institutional investors, according to Sanford C. Bernstein Ltd.

The sheer volatility, liquidity, and even environmental concern -- the electricity requirements for Bitcoin mining are enormous -- associated with the still-nascent cryptocurrency space means Bitcoin doesn’t yet have a real role to play for asset allocators, according to Inigo Fraser-Jenkins, the brokerage’s head of global quantitative and European equity strategy.

"Yet" is really the word that really fits on OP title. It's a technology guys and sometimes it needs years just to see its full potential or to be fully developed. A good example is the latest graphics in gaming, it's so amazing but few years back it was very awful.

[NYONYG175]

In my opinion, bottom Bitcoin now has a big role in the real world as it helps improve the financial situation of many people, even if it is located in cyberspace or online world.

[RodeoX]

A guy with no experience is here to tell us what's wrong with bitcoin. TRADITION!

[gadimbrut]

indeed most bitcoin roles are online, but we can exchange bitcoins and make cash, and cash can be used for the real world, bitcoin also gives a lot of convenience in transactions because many ofline stores are receiving payments using bitcoin

[Krillin61]

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.

the bitcoin is a digital currency so maybe that is the reason why some people think that the bitcoin has no such role in real world. The bitcoin can be converted in cash and by that way the bitcoin helps to improve the financial situtation of many people.

[money1122]

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.

[Gheka]

I don't think how can you say that bitcoin has no role in real word that in fact other users have been getting benefits and advantages on it
You shoul know what is the true purpose and essence of having Bitcoin. It is not just a payment system but it is a great opportunity to have a extra income or job to fulfill your needs.

Yeah, there is no evidence that bitcoin is useless and has no role in real life, the reality is quite the opposite when bitcoins really bring too many positive signals to the economy of many people. This evidence is extremely clear when many people own a life as in a dream and this only takes a very short time to happen when they work with bitcoin, Bitcoin has shown an important role in real life, improving the lives and raising the knowledge for many people, we should understand simply that something that has no role, it will not need to exist and vice versa

[virendarnagpal]

We can not claim that bitcoin has no role in real world.  It's the stage of transformation.  Form of currency is being changed.  Physical (fiat) currency being replaced by digital currency i.e. bitcoin.  Though it is in it's primary stage but we can not call it fail. 
In developed world, majority of people, know and transact in bitcoin.  Though in third world most of the people do not know about bitcoin.  But I am sure seeing the spread of bitcoin in developing countries, most of the people  will be transacting in btc in year  future.
So as it is start, it may be seen having no role but I say it is growing and soon it will replace 95% of fiat currency.

[felmitof]

Right now there is 2X more negative news than positive news about crypto in general. This applies to btc as well. This happens because now authorities are slowly able to separate the anarchy-vision of the bitcoin from its innovation fame.

[Minionnn]

I do not think so. Bitcoins are becoming increasingly popular and it is becoming increasingly important to human life. Bitcoins have been approved in many countries. Bitcoin is used in many companies. Moreover, bitcoin is used to pay bills in everyday life.

[fotosonics]

Why did you come to this opinion? If bitcoin played nothing in the rest of the world and did not mean anything, why does it try to ban so many countries and want to control it? Bitcoin has a huge potential, which we can hardly even imagine!

[Morticio]

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

Yes, I agree with you! Some say that the most popular point was the crypto currency in December 2017, when everybody was talking about bitkoin! But I think that the main development will come not earlier than 2019-2020, when everything will start to use it.