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Author Topic: Bitcoin is a new phenomenal innovation  (Read 2830 times)
Impulseboy
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September 07, 2018, 02:59:33 PM
 #201

Of course it is. Even though bitcoin is very unpredictable and the prices fluctuate often, it is still a great innovation. But I think that the blockchain technology is a better innovation because without it, where would bitcoin run on? So while I agree that bitcoin is a phenomenal innovation, the blockchain technology deserves all the credit as well.
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September 13, 2018, 09:38:44 AM
 #202

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.
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September 13, 2018, 02:22:32 PM
 #203

Well ... in my opinion this is some exaggeration ... I would say that bitcoin is the next stage in the evolution of money (possibly). Or else not bitcoin, and another decentralized crypto currency ... there is no big role in the world that this will not play. There is nothing incredible about this ... progress is going on all over the world and everything is changing ... exactly like the money's background.
CrimBit
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September 13, 2018, 02:46:34 PM
 #204

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.
Yes, you are right, new innovations greatly reduce production costs, but every new innovation will encounter obstacles from its competitors, because everything in this world will compete, because they fear they will be replaced, as well as bitcoin as a new innovation for fiat money, fiat will try to thwart this new innovation. because fiat doesn't want to be replaced by crypto.
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September 20, 2018, 10:31:56 AM
 #205

I agree that bitcoin is a phenomenal innovation. The popularity of the cryptocurrency caused the trading of bitcoin as a financial asset. At this moment it became the phenomenon and it is at the top request in the Google search in the world. But in my opinion blockchain technology deserves even more attention as an innovation of the future.
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September 20, 2018, 10:36:37 AM
 #206

Yeah obviously it is. The best thing about technology is, there’s always scope for something better to take place the existing. It gets better. Blockchain, the backbone of Bitcoin, is already called as the future technology by many people. Adaptation of this technology will bring huge difference in tech world, I believe.


And i believe with this too. This kind of innovation or changes is a good way or a good transformation for everyone. This implies that these are made to improve our living. To make things in an instant. So then people will accept this change they want to have a better life.
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September 22, 2018, 07:07:56 AM
 #207

bitcoin is still an innovation in the field of money, because it is a way to equate values to another level
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September 22, 2018, 07:36:47 AM
 #208

Recently, people have often praised Bitcoin's glamor in the e-commerce market. However, look at the reality that Bitcoin is displaying. And objectively.
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September 22, 2018, 08:38:16 AM
 #209

yes you are true bitcoin this is a phenomenon and innovation that is very new and there are so many who don't know about the circulation of bitcoin, so that this bitcoin becomes very new and very few know bitcoin, imagine if many people know bitcin then the price can be very expensive.

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September 22, 2018, 09:16:10 AM
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 #210

With a certain amount of fantasy, one may get the impression that bitcoin belongs to the class of so-called "Giffen goods".  This term describes a product, the demand for which increases as its price rises.  This is the goods, the demand curve for which is tilted up.  The prehistory of the origin of the term is as follows.  English economist Robert Giffen in the second half of the 19 century drew attention to an interesting fact - during the famine in Ireland, the demand for potatoes, the price of which was constantly growing, increased significantly, which looked frankly illogical.  However, such a paradoxical effect was observed extremely rarely, and only with respect to the goods, without which it is absolutely impossible to do without.  This was in the case described with the "potato famine" in Ireland, similar to rice in China.  Obviously, bitcoin does not belong to the vital goods.  Rather, "Giffen's goods" is an entertaining anomaly, mainly useful in verifying students' understanding of the subtleties of income and replacement effects.  But why the dynamics of the course and the volumes of bitcoin trade correspond to the way prices and sales volumes of "Giffen's goods" behave?  Perhaps, because in the world the point of view is increasingly popular: bitcoin is an excellent option to save and increase savings.  While everything says about the correctness of this thesis.  However, it is not known how long the present situation will last.
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September 22, 2018, 02:29:05 PM
 #211

I like the term " phenomenal innovation" and truly it is! Bitcoin is a big leap on our technology, since the world is moving forward, not backward nor steady. This is a remarkable idea of the founder of Bitcoin. Kudos!
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September 25, 2018, 09:14:58 AM
 #212

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 a unique innovation but Bitcoin it has a big difference with fiat currency. In order to make a bitcoin you have to mine it using a computer that consumers electricity. It will cost you thousands of $ to create 1 Bitcoin while fiat money only cost few cents to create it.
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September 25, 2018, 06:56:44 PM
 #213

The level of development of cryptocurrency from year to year is considered quite significant. The development of one type of cryptocurrency that has the greatest value today is bitcoin. The development of bitcoin's popularity is marked by the increasing number of people who own bitcoin and use bitcoin in their transactions. Not only bitcoin, but other types of cryptocurrency also experience the same increase if the coin shows a sharp increase in value. Just like the way the internet changes the monopoly of the mobile industry, digital currencies will change the money monopoly by the government.
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September 25, 2018, 07:08:52 PM
 #214

It is the distributed character that makes Bitcoin unique and innovative. It gives people the opportunity to control their own finances independently, and hence all spheres of life related to money.
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September 25, 2018, 07:18:06 PM
 #215

yes you are true bitcoin this is a phenomenon and innovation that is very new and there are so many who don't know about the circulation of bitcoin, so that this bitcoin becomes very new and very few know bitcoin, imagine if many people know bitcin then the price can be very expensive.
therefore now what we have to do so that bitcoin can be known to people in this world is that we must always keep the good name of bitcoin so that the future of bitcoin will be more and more interested and the price will also become more expensive



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September 25, 2018, 08:17:18 PM
 #216

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.
I think bitcoin should be considered as one of the new innovations in the future that can replace cash, because the understanding of it will bring great potential and allow people to trade safely. We are not afraid of the risks, but there are restrictions that make many people do not like btc
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September 25, 2018, 08:33:18 PM
 #217

We can say that it is true about bitcoin, who never know that ,when it was launched ,it could reach this far until today, it overcame many odds and trials but the best it was a success in its own , as a digital crypto currency which are now been used around the world,and it is very popular and phenominal in the digital technology that can be use as a currency and investments.

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September 25, 2018, 09:10:07 PM
 #218

Of course, bitcoin and the technology behind it is a new, extraordinary innovation. And I believe, it will dominate the payment system in the future

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September 25, 2018, 09:11:40 PM
 #219

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.
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September 25, 2018, 09:29:07 PM
 #220

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.

In General, of course cryptocurrency and bitcoin itself is a huge step forward in the development of the financial industry. But there is one key difference: solar panels and other similar innovations do not use oil or gas for their work. They are completely Autonomous from their old predecessors. And bitcoin, in turn, is tied to the cost of Fiat money and thus depends on them directly. Perhaps in the future the situation will change, but so far it is not quite the development in the usual sense of the word.

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