Bitcoin is a new phenomenal innovation

[Al-e_x]

bitcoin and fiat are not the same, but both have very important values and functions as a transaction tool.

people who understand technology are getting attracted to bitcoin, and only primitive people still use fiat, but in the future fiat and bitcoin will go according to their rack.

[1714613727]

1714613727

[1714613727]

1714613727

[1714613727]

1714613727

[ardibimbim]

Bitcoin is more than just phenomenal, bitcoin will be noted as the greatest history in technological advancement developed by humans. With the bitcoin of the world economy entering a far farther step forward than before.And no doubt, bitcoin is a successful financial product, technically, BTC every tech point, for example: asymmetric cryptography, P2P networks, consensus mechanisms, smart scripts, etc., is not innovation, but the combination of currency forms is a great innovation.

[Shamie1002]

It is not technically new. It is almost a decade old and maybe some people are just saying it is new because they just happen to hear it just recently.

I heard it last year and when I learned that it started on 2009, I felt regretful that I haven't heard it before.

Until now, it is in the process of acceptance and maybe the fact that bitcoin promotes no third parties in transactions, it is contrast with the government.
It makes harder for bitcoin to be easily accessible and convenient because the government does not agree about less to zero fees.

There are countries that legally accepts but we are nit safe from transaction fees. Yet I see bitcoin as good innovation.

[Gdra467]

Undoubtedly, I agree with you. Bitcoin has reshaped how we look at financial transactions, investment and currency as whole.  We are currently enjoying extremely magnificent speed of transaction and transparency being led by bitcoin.

[Redhead5]

Blockchain the bulk of the bitcoins have been called future technologies for many years. Adapting this technology will bring a huge difference in the technical and money world

Yes, it was discovered by many countries that bitcoin is a new phenomenal innovation that brings good future in technology of digital currencies. Adapting this innovation will probably engaging the technology that make difference in the platforms of digital currencies with great money movements.

[Dread Pirate Roberts]

Bitcoin a revolution from the internet. as the beginning of the internet began to boom. so is the blockchain system platform is a revolution of technology that I believe will be the main cross-border payment later. anonymous payment transactions may be many who say it becomes an excess of this blockchain. but for many governments a country becomes an obstacle

[indodaks]

I do not think the bitcoin works as an innovation of fiat money, but the bitcoin serves as another option for making payments. The fiat money and the digital money have their own flaws and advantages, so I'd rather agree fiat money and digital money to live side by side without having to beat each other.

[amih]

New inovations in anything including digital currencies such as bitcoin usually lead to a goal that is to be able to provide ease of doing in the conduct of activities in terms of financial. so I think bitcoin as a digital currency is certainly very easy for every user. so I think it is not impossible if bitcoin in the future will be an option that is used for the means of transactions are widely used.

[sarul]

Not just as they say above, but bitcoin is more than that. Imagine the effect of bitcoin in this time is so deep. Crypto is not only to advance technology, but also help in the economy of the country.

[btcluisdiki]

I believe and agree that bitcoin is a phenomenal innovation as a currency and as a service payment system of being the first ever digital currency. It's blockchain technology has been very effective and convenient to the users and more emerging cryptocurrency are now in the crypto market using the blockchain technology where others had modified and improved further to make it more faster in it's service and much affordable transaction fees.

[Sarah Reiss]

In my view, Bitcoin has many advantages over paper money and it's innovative. However, it's concerned with so many problems that it fails to get government's acceptance as a currency. Governments' negative attitude towards Bitcoin has hampered it from increasing popularity.

[bce]

Today as we modernize some of the aspects in the economy like in the production wherein pneumatic machinery are being introduce. Thus, innovation has already prove its efficiency in the production which lowered the production cost. In the areas of transportation, there are cars also being introduced that run by a battery and efficient also and economy in terms of expenses maintenance compared to gasoline powered cars. Other than that there are already other inventions that promote the comfort of living in life. Thus, digital currency is another innovations. Could you consider bitcoin as the new innovations for fiat money? The answer will be used in my research term paper for the adaptation of unified digital currency that could be used by the people around the world.

your opinion is very precise and true because bitcoin is a currency that uses the advancement of technology era because it is needed in the future

[Hazir]

Bitcoin is probably the most important invention of the 21st century so far - yet so many people are failing to understand its significance.
We are all praising how amazing BTC is - but at the same time, almost none of us believes in it to the point of focusing only on BTC and switch over from FIAT economy to cryptocurrency.

[mekusproj]

Today as we modernize some of the aspects in the economy like in the production wherein pneumatic machinery are being introduce. Thus, innovation has already prove its efficiency in the production which lowered the production cost. In the areas of transportation, there are cars also being introduced that run by a battery and efficient also and economy in terms of expenses maintenance compared to gasoline powered cars. Other than that there are already other inventions that promote the comfort of living in life. Thus, digital currency is another innovations. Could you consider bitcoin as the new innovations for fiat money? The answer will be used in my research term paper for the adaptation of unified digital currency that could be used by the people around the world.

Bitcoin is based on the beautiful blockchain technology. The blockchain network lives in a state of consensus, one that automatically checks in with itself every ten minutes.  A kind of self-auditing ecosystem of a digital value. The network reconciles every transaction that happens in ten-minute intervals. Each group of these transactions is referred to as a “block”. This means transparency data is embedded within the network as a whole, by definition it is public. Also, it cannot be corrupted by altering any unit of information on the blockchain which cab only happen through using a huge amount of computing power to override the entire network. These attributes make makes bitcoin phenominal.
 

[iMark]

Bitcoin a revolution from the internet. as the beginning of the internet began to boom. so is the blockchain system platform is a revolution of technology that I believe will be the main cross-border payment later. anonymous payment transactions may be many who say it becomes an excess of this blockchain. but for many governments a country becomes an obstacle

The blockchain financial system is still very new in the world, by offering anonymous and decentralized transactions, which have never been such a financial system like this before, so bitcoin comes with bringing this system then into a very booming and popular, because the innovations that are brought in, are very new and well liked by many people

[Mia Wallace]

       Bitcoin is the new phenomenal innovation  Bitcoin helps its users to have complete control over their money since Bitcoin is proceeded with the help of internet so the transactions done with safe and secure .Bitcoin transaction are done without an interference of a third party .Bitcoin allows to send and buy goods and services anywhere at anytime . Bitcoin increases global access and helps international trades to flourish .Bitcoin secure payment is possible by using cryptography. Bitcoin also reduces poverty  to many countries by reducing the charge for transactions.

[Pyr3x]

Thanks to the author of the topic for his observation. I want to add that Bitcoin really is entering gradually in the life of mankind. And the methods of implementation in various infrastructures are very striking. For example, many projects related to medicine, with virtual reality, with computer games, have already begun to appear in various areas for analytics and investment, and all these projects are connected with digital technologies.

[Vika99siombiwi]

Some aspects of the economy are like in production where pneumatic machinery is being introduced. Thus, where innovation has proven efficiency in production that lowers production costs. In the field of transportation there are also cars being introduced that are run by batteries and are economically efficient in terms of cost maintenance compared to battery-powered cars or gasoline. Likewise with bitcoin is an amazing environment that enables not only new ways of transacting but also fantastic innovation. Blockchain technology, web wallets and block companies are explorers where we are an innovative part of the ecosystem that secures and alters activities around the currency. The liberal nature of bitcoin is not regulated or enables rapid innovation in applications that are useful to all those who feel it.

[ultra insting]

with the high bitcoin prices many people have it but many are also doubtful even afraid to start. the talk about bitcoin is very phenomenal neither old nor young view

[HalseyBert]

Today as we modernize some of the aspects in the economy like in the production wherein pneumatic machinery are being introduce. Thus, innovation has already prove its efficiency in the production which lowered the production cost. In the areas of transportation, there are cars also being introduced that run by a battery and efficient also and economy in terms of expenses maintenance compared to gasoline powered cars. Other than that there are already other inventions that promote the comfort of living in life. Thus, digital currency is another innovations. Could you consider bitcoin as the new innovations for fiat money? The answer will be used in my research term paper for the adaptation of unified digital currency that could be used by the people around the world.

Well, obviously it is. Bitcoin is an innovation in the market that can even replace fiat money as predicted by some investors. Let’s talk about prg. Did you ever imagine a coin letting you start a cannabis business via its Paragon Space or that provides us an opportunity to track our cannabis plants? No. Therefore, bitcoin is indeed an innovation.