Demanderoca
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August 10, 2018, 05:02:13 PM |
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It is really true that everyone is free to use bitcoin as they want but, they are not free from the consequences. Bitcoin has its own rules and regulations and if you violate it, you will have a punishment for it depending on the action that you have done. Every users of bitcoin has the responsibility on every action that they will do.
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RudeeTam
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August 10, 2018, 05:11:26 PM |
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Bitcoin is being used as an investment and at the same time mode of payment and transferring money to others all at the same time. You're on point that it is free to be used by anyone no matter how since doing that, bitcoin will flourish to others.
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Kprawn
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August 10, 2018, 05:12:57 PM Last edit: August 10, 2018, 06:45:41 PM by Kprawn |
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Bitcoin might have had a huge cypherpunk following in the early days, but the user demographic has changed a lot since then. The Bitcoin scene has now been infiltrated by a lot of speculators, since 2016 onwards, because people have recognized it's potential as a good Store of Value. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) It does not matter why you use Bitcoin, just as long as you support it as a Currency or Commodity. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) If you want to be rebellious, then you should use it to hedge against hyperinflation. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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bitcoindusts
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August 10, 2018, 05:26:17 PM |
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There's an ongoing debate in and outside of Bitcoin community regarding the economic nature of Bitcoin: is it a currency or an asset, a store of value, settlement layer and so on. The situation with ETF's also sparked some debates, as some argue that ETF's are bad and Bitcoin should stick to its cypherpunk roots and ignore the mainstream.
I think all sides kinda miss the point of Bitcoin. Bitcoin was created so people can send coins directly to others, without any mandatory middleman. Therefore, every use case is as legit as any other use case, it doesn't violate the freedom of any other user of the network. It doesn't even matter if Satoshi wanted Bitcoin to be a decentralized currency that will kill banks, because one of the principles of Bitcoin is censorship resistance, so if some people want to use centralized services, want regulated environments, speculation and so on, it's their right. All those things have no effect on people who want to use Bitcoin as an alternative currency.
So, I think there is no single answer to whether Bitcoin is an asset or a currency, everyone decides for themselves, because freedom is the ultimate point of Bitcoin.
ah, what a great table topic here hatshespsut!urpass The use of mandatory middleman and of course fiat money explains a lot of how other crowdfunding was able to surpass our doubts and fears. You see, with bitcoin's principle of resistance (how i feel we are inside the yellow bricks), anyone tasked to do something will remain loyal to his job to show how much the company means to us.
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Ailmand
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August 10, 2018, 05:33:32 PM |
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You have a point there but if Bitcoin losses its value, it will neither be an asset or a currency. I think the purpose of those issues with SEC is not to make Bitcoin centralized but to help it to stop market manipulation and scams. If you are a whale in cryptocurrency, it is very easy for you to control the market. Maybe that is one of the reasons why there are lots of debates regarding Bitcoin and its decentralization.
Well, right now, and for the foreseeable future, I think that Bitcoin would keep its value and keep on going further. It is just a good thing that turned out to be a good development that cryptocurrencies somewhat evolved to also be an investment medium and not just another plain currency. I think as more and more changes the cryptocurrency market would undergo, the more evolutions and uses as an asset it will gain.
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ExceedBlue012
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August 10, 2018, 05:59:31 PM |
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Everyone is free but it is not so good because only for this reason criminal choose bitcoin and they commit their criminal deeds through bitcoin and affect it very badly.
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tuturutmunding
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August 10, 2018, 11:18:38 PM |
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It's true like that, as I want freedom in taking advantage of bitcoin and also the freedom to use it, no one is able to limit or control the use of bitcoin, maybe that's why bitcoin can have high popularity in the crypto world.
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buternasek
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August 10, 2018, 11:52:32 PM |
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yeah, that's right with what you say. there is no single reason for that, you can think of bitcoin as a currency or an asset, it's up to your personal opinion.
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Rossy Akbar
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August 11, 2018, 01:04:12 AM |
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Well it's absolutely true, we can use bitcoin as we want but the fact that work is if we were a panic seller then the price will fall down it means all the long terms hodlers will be dissapointed.
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aizen10
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August 11, 2018, 01:50:32 AM |
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Even though there are tons of argument about bitcoin, we cannot hide the facts that bitcoin influence is widespread all over the globe, more people are having a conclusions about it, and some of them are decided to invest in bitcoin. The most important things is, every one has allowed to use bitcoin as long as your government didnt banned bitcoin in your country. Theres a lot of opportunity in bitcoin so for me i dont wanna miss that opportunity again.
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Naughty Princess
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August 11, 2018, 01:57:28 AM |
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It is really true that everyone is free to use bitcoin as they want but, they are not free from the consequences. Bitcoin has its own rules and regulations and if you violate it, you will have a punishment for it depending on the action that you have done. Every users of bitcoin has the responsibility on every action that they will do.
Everyone can own bitcoin depending on what way they used to have it. Bitcoin is free for everyone but only for those who want to take risk and having strong emotions to handle things. You can invest an trade to have something to use for payment. Bitcoin become acceptable everywhere and government should accepts it so that everyone can freely used it.
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gesdan
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August 11, 2018, 02:13:20 AM |
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I agree with you, as long the consumer of bitcoin happy and get the benefit by using bitcoin, why not? we don't think about the purpose of the bitcoin, at the first time bitcoin is introduced for currency but right now bitcoin is used for trading and investing, but as long the investor and trader get benefit from bitcoin why not?
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$9million
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August 12, 2018, 10:50:47 PM |
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Absolutely yes. Everyone is free to use bitcoin as they want because bitcoin is based on the decision of the investor, whether it is an asset or currency. As a result of this, I suggest everyone is free to use bitcoin as they want because bitcoin is financial freedom.
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wallstone
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August 12, 2018, 11:01:30 PM |
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Yes everyone is free to use bitcoin as they want because there is no restrictions. It just a matter on how you handle or manage your bitcoin in order to get high profit. It can also be use as mode of payment and as investment.
Everyone have right to use your bitcoin. For me I used my bitcoin to buy things that I really need in my daily life and also I spend it some of them to help my family needs. Most of my bitcoin I used to reinvest for my continuing earning of profit for my future.
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spadormie
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August 12, 2018, 11:03:51 PM |
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Of course, just like real currency, it is also acting like a real money in this world and you can use it as much as you wanted to. It is YOUR OWN money. And by means of your money, you're the user of it.
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jpnl0008
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August 12, 2018, 11:04:37 PM |
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the protocol behind the blockchain technology does not have any preferences and what or who it wishes to work with or not. it does not have respect for persons or locations or personality or skin colour or race. it only works as an independent system that only processes commands.
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godfredmanu
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August 12, 2018, 11:08:52 PM |
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Bitcoins is an investment and it shoudln't be treated as such. If it was a form investment, satoshi would have made it clear in his whitepaper. Bitcoins is a peer to peer form of payment and if that become priority to users, the FUD will stop and people will use it as a form of payment that it was meant for.
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bajingluncat
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August 12, 2018, 11:12:53 PM |
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Yes, I think it has become the basic right of every individual who has a BTC, uses it according to their own desires, there is no limit or no one can ban, there are no written rules that are binding on how or for what BTTC is used, I feel legitimate if we want using it as a transaction tool, at least we can reduce the transaction costs by ourselves, or make BTC as an asset that can be used as an investment as our income in the long run, all choices go back to you, remember only you know what is best, use BTTC as wise as possible so you can get the perfect benefit from btc,
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atetess
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August 12, 2018, 11:15:48 PM |
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Yes, everyone can used btc whenever we wanted. We can used it as investment and used it in online payments. Bitcoin is available anytime, we can buy it anytime.
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Shiro21
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August 12, 2018, 11:26:20 PM |
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There's an ongoing debate in and outside of Bitcoin community regarding the economic nature of Bitcoin: is it a currency or an asset, a store of value, settlement layer and so on. The situation with ETF's also sparked some debates, as some argue that ETF's are bad and Bitcoin should stick to its cypherpunk roots and ignore the mainstream.
I think all sides kinda miss the point of Bitcoin. Bitcoin was created so people can send coins directly to others, without any mandatory middleman. Therefore, every use case is as legit as any other use case, it doesn't violate the freedom of any other user of the network. It doesn't even matter if Satoshi wanted Bitcoin to be a decentralized currency that will kill banks, because one of the principles of Bitcoin is censorship resistance, so if some people want to use centralized services, want regulated environments, speculation and so on, it's their right. All those things have no effect on people who want to use Bitcoin as an alternative currency.
So, I think there is no single answer to whether Bitcoin is an asset or a currency, everyone decides for themselves, because freedom is the ultimate point of Bitcoin.
I think it's not a problem if bitcoin can be used as both. bitcoin will not be as popular now if its users only use it for payment transactions. Bitcoin investment is an attraction that can increase the number of large investors in bitcoin, the price explosion in 2017 proved able to attract the interest of many people to enter the market.
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