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Author Topic: Bitcoin must come back to its original use - currency !  (Read 1785 times)
Ucy
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March 15, 2019, 03:54:24 PM
 #261

Op,  your ideas especially the single Bitcoin address for each individual are extremely dangerous. I think some of guys do not take into account the disadvantages of your ideas on society.
What sort of society do you plan to run with this? A murderous fascist society?
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March 15, 2019, 07:37:36 PM
 #262

Why can't we make bitcoin a commodity asset for trading? Whereas fiat currencies can be traded in various markets. I think the use of bitcoin is returned back to its users because they have the freedom to use bitcoin either as a currency or as an asset as long as the bitcoin is not used for a variety of negative things.
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March 15, 2019, 08:31:22 PM
 #263

This will be a gradual process for Bitcoin to go back to it original use, as the adoption rate increase, there will be an increase in it's use as a currency for global transaction, when BTC become stable then we can be sure of  of it been accepted as a currency.
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March 16, 2019, 08:17:53 AM
 #264

In my opinion. at present, bitcoin cannot be a currency like a conventional currency. the majority of the whole world uses conventional currency to transact and users of crypto currencies only consist of certain groups or certain groups so that for now the use of crypto is only limited to trading commodities such as stocks. and all countries still prohibit using crytpo to transact.

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March 16, 2019, 09:56:31 PM
 #265

Bitcoin will comparing to the gold show the nature is always been more developed for Bitcoin so I could be a good comparison because the gold is more expensive than anything and it is more trustable that's why Bitcoin is also been more popular and it's compared to Gold I trust the value will definitely came to normal very easily.
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March 16, 2019, 10:25:59 PM
 #266

some people ready to use it as currency, but it have up date price, bitcoin dont have real price, so people will take the advantage from it, buy and sell bitcoin to gain real money. if it use as real currency that have stable price, i think they are not ready for it, because bitcoin is profitable.
It will be difficult to install the system to make payments through Bitcoin. Because, we need a separate device to calculate such volatile price every second. Also, as the price increases over time and becomes more stable, it will find its place.
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March 17, 2019, 07:57:25 PM
 #267

some people ready to use it as currency, but it have up date price, bitcoin dont have real price, so people will take the advantage from it, buy and sell bitcoin to gain real money. if it use as real currency that have stable price, i think they are not ready for it, because bitcoin is profitable.
It will be difficult to install the system to make payments through Bitcoin. Because, we need a separate device to calculate such volatile price every second. Also, as the price increases over time and becomes more stable, it will find its place.

Right, the main problem is still it's volatility nature of it. Well there is Bitpay (a bitcoin payment service provider) most merchants are using it so it's possible as well to accept bitcoin as mode of payment or as a currency.

But most merchants are still afraid to accept bitcoin though, they think they can lose in the end because the price is really unstable. But bitcoin is growing, every year, it could be a dilemma but in the next 2-3 years we may see more merchants accepting it, so it's going to be a win win situation for us.
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April 09, 2019, 03:49:22 AM
 #268

Bitcoin will comparing to the gold show the nature is always been more developed for Bitcoin so I could be a good comparison because the gold is more expensive than anything and it is more trustable that's why Bitcoin is also been more popular and it's compared to Gold I trust the value will definitely came to normal very easily.
Bitcoin is indeed a digital currency that can be used to pay for transactions in countries that legalize it. But it turns out there is another side of bitcoin that is attractive for investment because it provides a pretty good profit so that there are those who have it for investment, but there are also those that are used for financial transactions.
This condition is very good because it will attract many people to have bitcoin which will eventually become more popular and increasingly sought after, then the price will increase.

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April 09, 2019, 04:02:13 AM
 #269

As the Lightning Network gradually reaches its full development with the imminent Blockstream Satellite development which will facilitate Bitcoin offline transactions, Bitcoin will gradually enter the mainstream adoption as a currency. Every year, there is a record of new stores integrating Bitcoin into their payment systems. Gradually, Bitcoin will get there.

Adriano2010
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April 09, 2019, 03:45:07 PM
 #270

Bitcoin is indeed a currency, but i think we need more people and shops start using it and put the price on bitcoin, and more people will start using for payments, and in that way can be used like a currency.
BartS
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April 09, 2019, 09:35:30 PM
 #271

As the Lightning Network gradually reaches its full development with the imminent Blockstream Satellite development which will facilitate Bitcoin offline transactions, Bitcoin will gradually enter the mainstream adoption as a currency. Every year, there is a record of new stores integrating Bitcoin into their payment systems. Gradually, Bitcoin will get there.
I agree, bitcoin even at this point is not ready to be adopted by most people around the world, it is simply too slow if you want to make transactions that need a fast confirmation, however bitcoin is great as a way to send money from one side of the world to the other in a relatively short amount of time with low fees, but the lightning network will change all that and it will make possible for us to engage in micro transactions once again.
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April 10, 2019, 06:50:33 AM
 #272

Bitcoin is indeed a currency, but i think we need more people and shops start using it and put the price on bitcoin, and more people will start using for payments, and in that way can be used like a currency.
I think the highest role holder for bitcoin can be used as a currency is the government. by regulating it, it will certainly have a major impact on the use of BTC in stores or companies in the country

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April 10, 2019, 07:06:17 AM
 #273

Bitcoin is indeed a currency, but i think we need more people and shops start using it and put the price on bitcoin, and more people will start using for payments, and in that way can be used like a currency.
Bitcoin evolved as a token that doesn't have any big value. Earlier it was given to users as a giveaway. There are history regarding people not knowing the true value of bitcoin, someone bought a single pizza for 10000btc. Later slowly it termed as a value transfer system and further got used as a currency. This way bitcoin doesn't have anything specific, it has got multiple usage.

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April 10, 2019, 08:50:23 PM
 #274

Bitcoin is indeed a currency, but i think we need more people and shops start using it and put the price on bitcoin, and more people will start using for payments, and in that way can be used like a currency.
I think the highest role holder for bitcoin can be used as a currency is the government. by regulating it, it will certainly have a major impact on the use of BTC in stores or companies in the country
I don’t really think so. Even if it starts to be regulated, people will still be using as an investment. Being regulated can only make it, maybe, better than what it is or maybe not (the main purpose of Bitcoin is to be anonymous and not being controlled and a lot of people are against it being regulated.). But, being regulated means that institutions will start to invest in it.

Based on my experience, people don’t want to use Bitcoin/cryptocurrencies as currency or their main method of transaction. I have asked some people before on whether they would like to make use of cryptocurrency for making transaction, and their reply was that they can’t, because there’s already banks and other safe methods like PayPal that are meant for such purposes. They just prefer that cryptocurrency is an investment.
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April 10, 2019, 11:55:32 PM
 #275

some people ready to use it as currency, but it have up date price, bitcoin dont have real price, so people will take the advantage from it, buy and sell bitcoin to gain real money. if it use as real currency that have stable price, i think they are not ready for it, because bitcoin is profitable.
When does Bitcoin require and pay attention to their users to only use bitcoin on one thing. Isn't decentralization of bitcoin giving you the freedom to do whatever you like? So you and everyone do not have the right to limit the use of bitcoin for any purpose to someone #imo
nur rochid
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April 11, 2019, 01:45:48 AM
 #276

some people ready to use it as currency, but it have up date price, bitcoin dont have real price, so people will take the advantage from it, buy and sell bitcoin to gain real money. if it use as real currency that have stable price, i think they are not ready for it, because bitcoin is profitable.
When does Bitcoin require and pay attention to their users to only use bitcoin on one thing. Isn't decentralization of bitcoin giving you the freedom to do whatever you like? So you and everyone do not have the right to limit the use of bitcoin for any purpose to someone #imo
Bitcoin is profitable because the current conditions are few users and the government legalizes it. so that with increasing users and increasing demand make the price rise. maybe later after many countries legalize BTC it will be more stable
aditasetia123
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April 11, 2019, 02:57:24 AM
 #277

some people ready to use it as currency, but it have up date price, bitcoin dont have real price, so people will take the advantage from it, buy and sell bitcoin to gain real money. if it use as real currency that have stable price, i think they are not ready for it, because bitcoin is profitable.
When does Bitcoin require and pay attention to their users to only use bitcoin on one thing. Isn't decentralization of bitcoin giving you the freedom to do whatever you like? So you and everyone do not have the right to limit the use of bitcoin for any purpose to someone #imo
Bitcoin is profitable because the current conditions are few users and the government legalizes it. so that with increasing users and increasing demand make the price rise. maybe later after many countries legalize BTC it will be more stable
this moment will coming in near future.there will alot of government legalize bitcoin and take taxes from it as source income for their countries.investors will get certanity from it and maybe will put more their money here.
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April 11, 2019, 03:22:30 AM
 #278

Bitcoin should back above $20,000 and make many investor will be glad with bitcoin situation where could raised to higher price, its the only way how to stop bad news of bitcoin for all investor.
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April 11, 2019, 04:16:19 AM
 #279

Bitcoin has many uses and making payments is just one of them. Satoshi has never said that Bitcoin should be only used as a currency. If that was the case, then there would have been no limit on the maximum supply. Since Bitcoin is protected from inflation, it is natural to assume that it can also be used as an investment asset, or as a store value of money.

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April 11, 2019, 07:41:25 AM
 #280

Bitcoin has many uses and making payments is just one of them. Satoshi has never said that Bitcoin should be only used as a currency. If that was the case, then there would have been no limit on the maximum supply. Since Bitcoin is protected from inflation, it is natural to assume that it can also be used as an investment asset, or as a store value of money.
Agreed, also that is what most of us has been practiced for how many years, as an investment and you can't actually change them on how they think. All of us wants to earn money, and btc is one of those that can give us profit. Also, we are not setting aside btc as a currency, if there's a lot of store or online shopping in the near future that accept btc, we're gonna use it eventually.
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