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Author Topic: Why is Bitcoin important  (Read 4640 times)
darkangel
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January 20, 2018, 06:28:10 AM
 #41

Bitcoin is a name that has been mentioned a lot lately. The currency generated by computer algorithms has attracted a lot of attention from the world thanks to the constant increase in value, parallel to the legal issues involved. Bitcoin is a breakthrough in computer science. It was built on a 20-year foundation of cryptographic currency in particular, and 40 years of cryptography in general, by thousands of researchers around the world.
Bitcion is the first practical solution to a problem in the computing world, the problem is called the Byzantine Generals Problem.
jokowi
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January 20, 2018, 06:30:59 AM
 #42

Bitcoin is an electronic currency, its value is directly based on two things: the use of the payment system today, and the speculation / investment in the future use of the mechanism pay. Many people will find it difficult to understand. Not the Bitcoin currency has some kind of arbitrary value and people just start talking to it; But one can talk to Bitcoin (anywhere, no scam, no fees, or very low fees) and so it's worth it. So bitcoin is very important and it helps us in our present life
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January 20, 2018, 06:35:06 AM
 #43

In my opinion it's important because it allows money to become like air or the Ocean. Something that just naturally exists in our lives (without being owned by anyone) and allows us to value things in our world and store wealth.

I think in the future the value will not be determined by any government but by the world economy as a whole.



the other reason bitcoin is important because we have a new option to make money and we have a new type of investment in bitcoin and no matter if the government is banning bitcoin, bitcoin will still survive and the value is not determined by any government like you said. the world economy will see that bitcoin is something that could give more benefits to all people and I hope that they will open their eyes about bitcoin and will learn more in bitcoin.

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rext
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January 20, 2018, 06:35:16 AM
 #44

Bitcoin is the first global payment system where transactions take place either at no cost, or at very low cost (which can be as low as one cent). Existing payment mechanisms charge about 2 to 3 percent - which is talking about developed countries. In many other places, either there are no modern payment mechanisms or the fees are much higher. We will come back to this later. Add to that, there are no chargebacks *, this makes it become like cash, literally, if you have money, you can spend money, if you do not have, you can not. This has never existed in the electronic form before.
Rodeo02
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January 20, 2018, 06:35:35 AM
 #45

In my opinion it's important because it allows money to become like air or the Ocean. Something that just naturally exists in our lives (without being owned by anyone) and allows us to value things in our world and store wealth.

I think in the future the value will not be determined by any government but by the world economy as a whole.


Decentralized asset like Bitcoin is important to those who are seeking financial freedom like me because of it's high potential in the near future which fiat money can't give. Earning fiat money these days is very hard and salary is unfair. Bitcoin let everyone earn without any given requirements as long as one has an idea, internet connection and mobile or a computer. Some people don't make Bitcoin as a big deal or even important to them maybe because they already have everything they need like lots and lots of money.


most common thing that are may happen for cause they dont this currency for but for some people that wanted to have what they want for this is the best option for to earn more in a way wherein they can take this also while they have some job for , for me is see bitcoin really important.
lili song
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January 20, 2018, 08:44:12 AM
 #46

Bitcoin now important for me, in bitcoin I can invest for my future, bitcoin already give me profit and I enjoy it now.
In bitcoin we can make money and bitcoin also will help some people to get income and profit. For me bitcoin is positive altcoins.
Bitcoin also can do transactions online as payment. It easy and fast for online transactions. I hope one day bitcoin can help more people in their economic side.
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January 20, 2018, 08:57:00 AM
 #47

In my opinion it's important because it allows money to become like air or the Ocean. Something that just naturally exists in our lives (without being owned by anyone) and allows us to value things in our world and store wealth.

I think in the future the value will not be determined by any government but by the world economy as a whole.


Decentralized asset like Bitcoin is important to those who are seeking financial freedom like me because of it's high potential in the near future which fiat money can't give. Earning fiat money these days is very hard and salary is unfair. Bitcoin let everyone earn without any given requirements as long as one has an idea, internet connection and mobile or a computer. Some people don't make Bitcoin as a big deal or even important to them maybe because they already have everything they need like lots and lots of money.


most common thing that are may happen for cause they dont this currency for but for some people that wanted to have what they want for this is the best option for to earn more in a way wherein they can take this also while they have some job for , for me is see bitcoin really important.
from an early age we understand that money is something good. We want them. We are happy when we have them, and sad when they do not reach us. We learn that in order to get money we have to work for them.It's a good idea for me to work with a bitcoin and make money
Ciscopro2000
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January 20, 2018, 08:59:30 AM
 #48

Bitcoin is important because it is the first crypto currency to be widely accepted my many people all over the world.  Bitcoin and and it’s underlying blockchain technology has solved the double spending problem.  Now we can send money or other store of value to each other without a a third party trusted source.  This was a huge breakthrough in technology.  
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January 20, 2018, 09:05:58 AM
 #49

having a bitcoin is very important 1 bitcoin is worth a hundred thousand for having a bitcoin is very important. you might have a better privacy to hide in bank or what you want, bitcoin is important for those who have that very expensive coin please do your best to hold and not to stole #bitcoin  Smiley
sdas90
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January 20, 2018, 09:37:21 AM
 #50

Because Bitcoin is Decentralized and first digital currency all over the world that's why bitcoin is important.you say bitcoin is a asset and it is financial freedom and high potential. another thing is bitcoin we can easily transaction .


 

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January 20, 2018, 10:07:36 AM
 #51

Bitcoin is important because it is the first currency in the cryptocurrency space, a revloutionary piece of technology which is INTEGRAL in pushing for innovation in banking and finance. As people are going to be able to get more easily involved in banking if bitcoin, and other cryptos, go mainstream this is really going to be an amazing thing to see.



Yes bitcoin play important role in the life of many people..helps financially economically to all people..gives extra source of income..a big opportunity awaits you..no requirements at all..no fees required easy transaction instant payment and trustworthy..thanks BITCOIN
Baimovic
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January 20, 2018, 10:52:03 AM
 #52

why bitcoin is important? because for me bitcoin is a part of my life. with bitcoin I can buy whatever I want. we know that bitcoin is a currency innovation that has a very high value, and its development is very good.
so everyone says that bitcoin is important because its value is very high. and bitcoin have a good future for world economic recovery.

sunita01
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January 20, 2018, 11:26:20 AM
 #53

Bitcoin is therefore important, it is a worldwide payment system. There is no control over pricing of bitcoin, bank system has no effect on this. Bitcoin can easily be used by anybody.
Golubhargava
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January 20, 2018, 11:28:42 AM
 #54

Bitcoin is therefore important, it is a worldwide payment system. There is no control over pricing of bitcoin, bank system has no effect on this. Bitcoin can easily be used by anybody.

It is a worldwide payment system Bitcoin can easily used by anybody
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January 20, 2018, 11:30:20 AM
 #55

Bitcoin is important nowadays because in our new generation bitcoin is most useful in terms of digital currency. There are many people interested on bitcoin because they see the good feedback and result of using bitcoin in different transaction. It is important because many countries adapt it.
Eternu
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January 20, 2018, 11:49:32 AM
 #56

Story tells us that Adam and Eve were first humans, that is something that will stay with us no matter if we believe in it or not. It is similar with Bitcoin... Bitcoin as well was first of its kind and that is one thing why it is so special to us. Bitcoin opened new door for us, with view on the world of currency, which we could not see before. It showed us what currency could become one day... decentralized currency that belongs to no one and everyone. Bitcoin is the way for reducing scams with currency, it provide security on many levels. It's goal is noble one, to be world's currency for people to use it no matter where they are and where they from. Developers of Blockchain and Bitcoin brought new dawn for us. Now it is up to us if we will see the potential of Bitcoin and start using it, or we will stay ignorant and let something beautiful dies.
Pinoyfan
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January 20, 2018, 11:54:57 AM
 #57

In my opinion it's important because it allows money to become like air or the Ocean. Something that just naturally exists in our lives (without being owned by anyone) and allows us to value things in our world and store wealth.

I think in the future the value will not be determined by any government but by the world economy as a whole.


Bitcoin is verry important because it gives work to those who are not employed.Especially those person that loosen hope to be employed because many company has many createria in order for you to be employed.Like you must graduate of 4years college or take masteral.Meaning bitcoin is not only for graduated people.It is for everyone.
Ziomuro27
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January 20, 2018, 12:00:00 PM
 #58

In my opinion it's important because it allows money to become like air or the Ocean. Something that just naturally exists in our lives (without being owned by anyone) and allows us to value things in our world and store wealth.

I think in the future the value will not be determined by any government but by the world economy as a whole.


Everyone knows about Bitcoin, it is a virtual money that can be converted into a real money with the use of your virtual wallet you can invest in a long term which you can earn more, you can also store it there will be no problem. Yes it is helping to sustain my everyday needs and everyone knows and experience that.

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vionas
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January 20, 2018, 12:06:29 PM
 #59

In my opinion it's important because it allows money to become like air or the Ocean. Something that just naturally exists in our lives (without being owned by anyone) and allows us to value things in our world and store wealth.

I think in the future the value will not be determined by any government but by the world economy as a whole.



Bitcoin is important because it is a virtual currency that supports freedom, the rising bitcoin value is great for investment. Bitcoin has also created many rich people because it has bitcoin.
Miles123
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January 20, 2018, 12:08:40 PM
 #60

Bitcoin is important because it is my part of my daily do's and teach us to earn or invest more for our future. Actually, the value of Bitcoin here is unbelievable because every day it's getting higher.
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