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Author Topic: Digital money or virtual currency?  (Read 4114 times)
dutchkay
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April 24, 2018, 06:35:33 PM
 #101

Some countries don't believe in bitcoin like you said and some are seeing it as a scam and a waste of time. Not worth putting their energy to it due to its volatile nature though I won't blame them. Few have seen beyond that and have already embrace the technology. Some don't like trying new technologies unless it's been proven successful and some prefer something they can hold on to not something virtual. Either way let's see how it will all pan out in the future. Keep doing what you are doing.
It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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April 24, 2018, 11:14:01 PM
 #102

Some countries don't believe in bitcoin like you said and some are seeing it as a scam and a waste of time. Not worth putting their energy to it due to its volatile nature though I won't blame them. Few have seen beyond that and have already embrace the technology. Some don't like trying new technologies unless it's been proven successful and some prefer something they can hold on to not something virtual. Either way let's see how it will all pan out in the future. Keep doing what you are doing.
Some people are still not ready to accept this truth that Bitcoin exist in real due to it's nature. As everyone here is supporting Bitcoin and other cryptocurrency but it is the biggest threat to the traditional banking system, where banks have a tight hold on the economy. They don't want the cryptocurrency to move to the front. Therefore, we listen from the government officials about it is that it is meant to facilitate the grey activities.
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April 25, 2018, 07:28:06 AM
 #103

Hello friends.
I have a problem to share.
My country is average. They are too familiar with outdated and old technologies.
In my country many people still understand Bitcoin as virtual currency. BTC does not bring anything to life. They just think Bitcoin investment is gambling, chance, black red.
Why?
Why do not they look at Bitcoin, ETH or blockchain technology for the present.
Blockchain minimizes transportation costs, intermediates and risks.
Personally, I always try to absorb and learn nonstop.
And you? How is your country?

It is good know that you learned non-stop. Bitcoin actually is a kind of currency which we use it as electronic payment transaction as virtual currency. Here in my country Bitcoin was already adapted into our BSP through the exchange we have it in here like Rebit.ph, Abra, Bitbit, and coins.ph
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April 25, 2018, 03:12:28 PM
 #104

Hello friends.
I have a problem to share.
My country is average. They are too familiar with outdated and old technologies.
In my country many people still understand Bitcoin as virtual currency. BTC does not bring anything to life. They just think Bitcoin investment is gambling, chance, black red.
Why?
Why do not they look at Bitcoin, ETH or blockchain technology for the present.
Blockchain minimizes transportation costs, intermediates and risks.
Personally, I always try to absorb and learn nonstop.
And you? How is your country?
The people aren't entirely wrong, don't be so quick to count the local people out. You, like most of us here, see Bitcoin as an investment, but less we forget, investment involves taking a chance. So in a way, it's a gamble. Many people are luddites by nature, unaware of the potential of technology, especially modern technology.
    Some people will never except the advancement of the new age, but our focus is on those who will. It takes time for people to get used to the idea of new technology. Think about the industrial revolution for a second, the fear of being replaced by an automaton is still in the air. Just give people their space, give them their time. They may come around!

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April 25, 2018, 03:39:06 PM
 #105

that happend on my country too
even my family not agree when i invest some money on crypto
they said bitcoin and crypto is gambling u will just lossing money
but i will prove to them if crypto is worth of $$$
Pemburu1
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April 25, 2018, 10:30:41 PM
 #106

Hello friends.
I have a problem to share.
My country is average. They are too familiar with outdated and old technologies.
In my country many people still understand Bitcoin as virtual currency. BTC does not bring anything to life. They just think Bitcoin investment is gambling, chance, black red.
Why?
Why do not they look at Bitcoin, ETH or blockchain technology for the present.
Blockchain minimizes transportation costs, intermediates and risks.
Personally, I always try to absorb and learn nonstop.
And you? How is your country?
this happens because there are too many negative issues about bitcoin. but you do not have to worry and worry if they do not believe it then you prove it with what you have produced from the world of crypto. when you can do it then the people around you will know what you say is true. so I do not think with words but with action alone.

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April 26, 2018, 09:56:37 AM
 #107

Digital money has a server so there is a publisher company and the person in charge while virtual money like Bitcoin entire system is based on chain block or blockchain. Digital money transactions system recorded on the central server. For virtual money starting from publishing, the way transactions and records are all recorded in the decentralized blockchain network.
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April 26, 2018, 10:29:57 AM
 #108

So they think that bitcoin is like an online game where you can obtain virtual money online and spend it online for virtual items. If you will give them some proofs then they will surely understand. To see is to believe i guess. They will understand soon.

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April 26, 2018, 10:37:04 AM
 #109

There's nothing wrong if your countrymen thinks and understand that bitcoin is a virtual currency. And if they are thinking it's a gamble let them believe it as long as you know what's the truth and you are the only person that has it while it's early. Bitcoin is good in my country as the community is accepting that bitcoin is something good for those who have enough knowledge with it but the back feed back of being used for scams is there.

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April 26, 2018, 05:08:59 PM
 #110

a lack of understanding about bitcoin blockchain technology must be fixed at once. so they can maximize the function that we can use.
in my country think bitcoin and crypto is just a place to invest and multiply their wealth. with gambling and trading. even they do not understand for mining technology.
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April 26, 2018, 06:08:20 PM
 #111

a lack of understanding about bitcoin blockchain technology must be fixed at once. so they can maximize the function that we can use.
in my country think bitcoin and crypto is just a place to invest and multiply their wealth. with gambling and trading. even they do not understand for mining technology.


Are they allowed bitcoin as a legal currency mate. I do not think except Japan government there is no one here to accepted the bitcoin so far. If you think bitcoin as a investment you just hodl the bitcoin in your wallet for more years.
You may find the 10 times positively changed for the bitcoin in future. Instead of that you people just investing on trading and gambling means finally you will not have any fund in your hand mate.

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April 27, 2018, 12:53:07 AM
 #112

Sometimes, we just need to dig dipper and understand the real purpose of a new tech, but most of us are unable due to our lifestyle, too busy to pay attention and must focus on the things that are more important (that's what the typical person's think in my country when there's a new trend in technology like cryptos). Let's just have to wait until the time comes for these cryptocurrencies and it's acceptance.

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April 27, 2018, 05:54:17 AM
 #113

Sometimes, we just need to dig dipper and understand the real purpose of a new tech, but most of us are unable due to our lifestyle, too busy to pay attention and must focus on the things that are more important (that's what the typical person's think in my country when there's a new trend in technology like cryptos). Let's just have to wait until the time comes for these cryptocurrencies and it's acceptance.
Just rare people dig dipper, just rare people see the difference between digital money and virtual currency. How many people knows how money is been made? I ask that question almost everyday, and just rare people give me some kind of answer, majority tells me they don`t know, they don`t care. When people start to learn more, and talk less it will be better for all human kind. We are not aware what we use, since we are kids they have been lying to us, giving us false informations, lying to us, and thats why I`m all for cryptocurrencies, we need fresh and new start if we wish to see better days for this world.



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April 27, 2018, 08:14:46 AM
 #114

Not only in your country there are conservative views on bitcoin. Most countries in the world do not perceive bitcoin, because they can not control it. Do not worry sooner or later everything will be fine.
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April 27, 2018, 10:49:12 AM
 #115

Not only in your country there are conservative views on bitcoin. Most countries in the world do not perceive bitcoin, because they can not control it. Do not worry sooner or later everything will be fine.

Every country has the same view of thoughts when it comes to Bitcoin because Governments don't have any control towards the Bitcoin. Mostly governments are forcing their people there to use fiat as digital money by paying them but sooner or later Virtual currency will also be accepted.
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April 27, 2018, 03:42:05 PM
 #116

Sometimes, we just need to dig dipper and understand the real purpose of a new tech, but most of us are unable due to our lifestyle, too busy to pay attention and must focus on the things that are more important (that's what the typical person's think in my country when there's a new trend in technology like cryptos). Let's just have to wait until the time comes for these cryptocurrencies and it's acceptance.


Some countries are not into cryptocurrency and digital technology. They are negative when it comes to digital currency/ virtual money  because they prefer the actual physical money that everybody is used to. There is always a right time for everything, in the coming years it will be known to then and slowly they become used to it and would surely accept it as the new trend in digital technology.
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April 27, 2018, 10:02:14 PM
 #117

Not only in your country there are conservative views on bitcoin. Most countries in the world do not perceive bitcoin, because they can not control it. Do not worry sooner or later everything will be fine.
I agree with you, Nowadays there is only few countries are legalized bitcoin to be used freely and without restrictions which it's very good for the bitcoin community and for bitcoin itself, because if one country will legalize cryptocurrencies, that's mean a lot of people will enrol this community and then this community will be larger, In result, bitcoin will be stronger and the price will increase.
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April 27, 2018, 10:30:21 PM
 #118

Sometimes, we just need to dig dipper and understand the real purpose of a new tech, but most of us are unable due to our lifestyle, too busy to pay attention and must focus on the things that are more important (that's what the typical person's think in my country when there's a new trend in technology like cryptos). Let's just have to wait until the time comes for these cryptocurrencies and it's acceptance.
Just rare people dig dipper, just rare people see the difference between digital money and virtual currency. How many people knows how money is been made? I ask that question almost everyday, and just rare people give me some kind of answer, majority tells me they don`t know, they don`t care. When people start to learn more, and talk less it will be better for all human kind. We are not aware what we use, since we are kids they have been lying to us, giving us false informations, lying to us, and thats why I`m all for cryptocurrencies, we need fresh and new start if we wish to see better days for this world.
But we cant really change the fact that we do still able to entrust our money or assets into traditional things that we know which is on banks and other related services attached to it. We do still trust them even we do aware on cryptocurrencies existence the good thing here is that we do have an another option which we can able to maximize or divert other way on how we do make transactions without too much involvement by 3rd parties on where some people would always prefer to stay or get away with the chain on the things we are get used to.

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April 27, 2018, 11:47:34 PM
 #119

in the country I now have started many who know and learn about bitcoin even beyond expectations, their enthusiasm very exceptional toward criptocurrency even has also made the main matapencaharian as bitcoin they are due to the exchange rate of the bitcoin now unusually high and very seductive.
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April 28, 2018, 04:03:46 AM
 #120

Hello friends.
I have a problem to share.
My country is average. They are too familiar with outdated and old technologies.
In my country many people still understand Bitcoin as virtual currency. BTC does not bring anything to life. They just think Bitcoin investment is gambling, chance, black red.
Why?
Why do not they look at Bitcoin, ETH or blockchain technology for the present.
Blockchain minimizes transportation costs, intermediates and risks.
Personally, I always try to absorb and learn nonstop.
And you? How is your country?

What is your demand for bitcoin?
You don't think that it is enough that we use bitcoin in investment, gambling and trading?
As you know it is virtual currency then it is enough for us even it is more than enough for us that we could use bitcoin in all online system and also earn from it then at least bitcoin can't cook so it is its fault, but we could earn money and buy food with it.    

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