Positive attitude of bitcoin

[steve_rogers]

   I was thinking about current situation. Couple days ago there were news that binance is under the pressure, and their CEO immediately told that they would open an office in Malta. And blockstream immediately told that they have an office there
As I understand, serious people from crypto-world, at thegoverment level with officials make laws for themselves. Miners, meanwhile, are sitting in Canada with their farms and somewhere else. It turns out that the entire bitcoin infrastructure is safe: devs can still code, investors still could invest, miningfarms are also under protection with a reliable guarantor. So technically now there are no critical threats for bitcoin.

   But with bitcoin we have an interesting situation. Firstly, it was just digital currency, then it became "the store of value", and now it converts into programmable platform. Honestly, nobody will pay for beer or coffee with bitcoin, people are too greedy, and buy something big is still a problem, also because of high volatility. I cannot say that it won't work, but the time hasn't become for it, nevertheless there are already things like houses and cars that you can buy for bitcoin, but this position is till too weak. We have a couple really strong positions : corruption, black market, semi-legal schemes for taxes and guys that buy everything if it is in trend. I think it is pretty cool, but still not enough for full common life integration, cause crypto-hipsters don't have enough financial volumes, and illegal world has its own structure, that could increase the volume, but not to the moon.

   And and seemed like there is no light at the end of tunnel, if bitcoin hasn't started to transform in programmable platform. Recently there was an announcement from FileBazaar
   And today the new word appeared LApps - applications on lightning. FileBazaar is the first one LApp - in couple of words, it is a platform for digital content, for which authors are paid in bitcoin via the lightning channels. And it is undeniably cool, because recently were invested 1.5m$ in lightning.And it is not a funny project like crypto-kittens. And as you understand, there are no tokens given in exchange for anyone or anything. Those, this is a really considered decision.

   Bitcoin is almost completed technically, some issues are still remaining, but there is a much strong need in marketing, promoters and sales managers. We need to adapt it for common people, we need contracts for use, paying terminals, possibility to buy everyday products. In this way bitcoin cash has higher rates and possibilities. But today it seems to be almost impossible due to unpredictable laws, and inconvenient transactions. With value storage we also have problems, because different officials and event mass media can drop the bitcoin´s exchange rate, hamsters and dummy investors start panic sell. Centralized exchanges the only place where the rate is established - are under the pressure of whales and big corporations, the real liquidity of the market under big question. Hence we have problems with bitcoin´s usability, hamsters cannot continue provide the fuel for bitcoin, and other population of  our planet is still too uneducated in cryptoworld a lot of people still think that it is a kind of pyramid or soap bubble), they cannot understand it and sometimes even hate it. And the new breath of bitcoin is a wonderful way around all these problems - the programmable platform does not let developers to go down (their investment is invaluable), at the same time, as we noted above, at the levels of closed meetings with the heads of some countries, new economic zones are opened for the further work of firms. Devs have something to work on , companies still receive their benefits,  conservative investors can invest in real propety, miners are in safe position also. It could be real the second breath of cryptocurrencies , and much stronger, binance at the state level reveals an economic zone with the size of the country. Lets see what will be on Malta in next couple of years.

   Let's not forget that bad guys can also help survive the cryptocurrencies. After all, this is a great way to "launder money", from illegal sources, which sinful high officials of all heads of state. So I would not be afraid of special sanctions, because there is someone to resist and fight. And if you say that bitcoin is not so anonymous, then there are still anonymous altcoins, and if there will be a strong need, there will be guys who will sponsor completely anonymous protocols that can be defeated only by disabling the Internet.

   All in all I think that lightning with proper marketing can give the second breath for bitcoin. What´s your opinion guys?

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[Bolt Brownie]

I actually liked reading your post, and I think you made some good points. I don't want to repeat what you said, so I will just focus on those that I consider to be crucial for the discussion. I also believe that BTC liquidity is very small right now, and it's price is easily manipulated. I also agree that most people don't really understand what BTC is, and it's purpose or true potential are, and got into it just because of the it's price rising. Of course those guys, that are not aware of the fundamentals behind bitcoin, panic sell to often, and then start spreading bad words about bitcoin, and that it's a bubble or a pyramid scheme.

Bitcoin has real usability, but it needs adoption. Lightning network will open the doors for adoption, but true education about what bitcoin is, must take place. This is an open source project, and anyone can use it. So my hopes are, that big companies that will not buy bitcoin based on it's price, will probably do the trick here. They will probably see that BTC has a use case, and that it could be a good thing for them, to avoid high bank and Visa fees for example. If services that accept bitcoin are offered, people will start using it, and see that it's a quite convenient payment method. With that adoption might follow. Once adoption grows, the liquidity will rise, and price manipulation will be harder to do.

This will take a lot of time though, but it is possible.

[steve_rogers]

I actually liked reading your post, and I think you made some good points. I don't want to repeat what you said, so I will just focus on those that I consider to be crucial for the discussion. I also believe that BTC liquidity is very small right now, and it's price is easily manipulated. I also agree that most people don't really understand what BTC is, and it's purpose or true potential are, and got into it just because of the it's price rising. Of course those guys, that are not aware of the fundamentals behind bitcoin, panic sell to often, and then start spreading bad words about bitcoin, and that it's a bubble or a pyramid scheme.

Bitcoin has real usability, but it needs adoption. Lightning network will open the doors for adoption, but true education about what bitcoin is, must take place. This is an open source project, and anyone can use it. So my hopes are, that big companies that will not buy bitcoin based on it's price, will probably do the trick here. They will probably see that BTC has a use case, and that it could be a good thing for them, to avoid high bank and Visa fees for example. If services that accept bitcoin are offered, people will start using it, and see that it's a quite convenient payment method. With that adoption might follow. Once adoption grows, the liquidity will rise, and price manipulation will be harder to do.

This will take a lot of time though, but it is possible.

Thank you, man! I highly appreciate your opinion. And yeah, you are right concerning the problem of poorly educated people, but I believe that every day there are more and more people that become familiar with bitcoin and cryptoworld. I think that we can also improve the situation by spreading a knowledge about blockchain to common people. But everyone should do their job, developers should try to make soft more usable, because they are an "engine of progress". Sales managers should implement it to business world.  But the idea of decentralization is so simple and so cool that even regular people can understand it(my favorite example are torrents). And at least bitcoin will always be cryptogold, wich maybe be not really usable in common life(nowadays), but it always could stay as guarantee.

[steve_rogers]

People just don´t wanna learn ....

[dimplit]

Why we should adapt bitcoin for common uses instead of using more perfect alts? Bitcoin could be just like a gold and nothing more, I think this ideas is ridiculous. But all in all very interesting judgments, nice view!

[Sumo]

Lightning has already proved itself in practice on the good side. Mempool discharged, the prices Commission minimum transaction rate staggers the mind. What else is needed for success?

[cabalism13]

I guess no need for me to read your long post. As Bolt Brownie have given his appreciation to your perception already. I'll watch this post and give this a Merit after I gather some... For now I can only do this... I LIKE THIS THREAD.

[dark1234]

this is the bitcoin the harder the day the wind hit him but bitcoin will make small roots that spread to better systems and technology
and as we know they make a storm wind for bitcoin because they are scared and misperception because they do not know and understand bitcoin

[kenelmark]

People just don´t wanna learn ....

~ snip

This is very true. businessmen only see profit. very less of them really care about the technology that facilitates them what they are doing.
No cryptocurrencies without blockchain. Blockchain's development means a survival cryptocurrencies. We should recognize the wind to sail fishing.

[Nerman]

People just don´t wanna learn ....

This is a perfect illustration.

People just want to earn money without knowing what they are getting in to. Some just heard it in the news that Bitcoin is rising and right away they put money on it, even though they do not know what is the technology is all about. This type of people are the first one to panic sell once the prices goes down a little bit.

[steve_rogers]

People just want to earn money without knowing what they are getting in to. Some just heard it in the news that Bitcoin is rising and right away they put money on it, even though they do not know what is the technology is all about. This type of people are the first one to panic sell once the prices goes down a little bit.

Easy money will always be in trend and history proves it 

[yrrehc16]

People just don´t wanna learn ....

People want to learn, this is 100% sure.
but newcomers even me if i will be in their shoes, i would rather choose the old thing.
not all beginner is in good hand especially if they entered cryptocurrency in January this year
they will be sure on panic as they don't understand the volatility of this. i can't blame them but if there will be a chance i will be willing to give hand on them,.

[Mister1k]

Copied post from the medium.com website. Please check the below link guys.
https://medium.com/@jorjegarcia/positive-attitude-of-bitcoin-dcd6d628e9a7


I am not sure that you have created a thread for getting merits or whatever else but if you do this while you are participating on any campaign. You will be in a SMAS blacklist or elsewhere.
However the shared is a good one mate. Please do take repeat it again mate.

update: author seems just deleted it.

[steve_rogers]

Copied post from the medium.com website. Please check the below link guys.
https://medium.com/@jorjegarcia/positive-attitude-of-bitcoin-dcd6d628e9a7


I am not sure that you have created a thread for getting merits or whatever else but if you do this while you are participating on any campaign. You will be in a SMAS blacklist or elsewhere.
However the shared is a good one mate. Please do take repeat it again mate.

update: author seems just deleted it.

Before posting it, be sure that that is not my medium account, okay? Also you had to check the dates of posting (I´ve posted it on BTT firstly and then on medium only)! I have posted the same article on my steemit account and it is not a crime!!!

[jenny_hanna]

Oh dude, I think it will take a lot of time until people will start use cryptocurrencies in common life, may be young people will get used much sooner, but for the major part of world's population it will be a great challange. But it allows us to catch the wave

[laryillary]

Bitcoin is a highly volatile speculative instrument with signs of both a pyramid and a bubble bubble.

[THATBTC]

People just don´t wanna learn ....

https://pp.userapi.com/c847020/v847020070/ef8c/JowUJz9_O9I.jpg

Yep lol

[Ranly123]

People just don´t wanna learn ....

~ snip

This is very true. businessmen only see profit. very less of them really care about the technology that facilitates them what they are doing.
No cryptocurrencies without blockchain. Blockchain's development means a survival cryptocurrencies. We should recognize the wind to sail fishing.

Well said, in business profit is the top priority and second will be the technology which is the main factor for their growth. It should be a lesson for us that cryptocurrency is a technology and not just a profit giving investment overnight. We should know the real use of technology for every crypto and use it according to it's usage.

[cryp24x]

People just want to earn money without knowing what they are getting in to. Some just heard it in the news that Bitcoin is rising and right away they put money on it, even though they do not know what is the technology is all about. This type of people are the first one to panic sell once the prices goes down a little bit.

Easy money will always be in trend and history proves it 

I agree with you but still, we need to understand what we need to know about Bitcoin. Doing something you don't understand is too dangerous to you or to the whole community involved in that certain something. For example, nowadays that there is a hype to own and buy some Bitcoins because it is on it's lower value but when the FUD comes, how can they surpassed it without understanding that this is just a part of the process.

[CrystalPham]

After a sharp decline in the past few months, the electronic money market has begun to rebound after US market regulators showed a positive outlook for electronic money on Tuesday. Positive predictions about Blockchain technology, electronic money and ICO projects have been made by the Futures Commodity Futures Trading Commission and the US Securities and Exchange Commission on Tuesday. These predictions are made when Bitcoin prices have fallen to $ 7,000. Following the recent volatility, people are concerned that these agencies may have a negative outlook on Bitcoin. Electronic money and this will cause the electronic money market to collapse. Instead, both US market regulators have taken a positive view of electronic money and blockchain technology, which has created a balance for the current situation.