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Author Topic: Is now Bitcoin being that was supposed to be?  (Read 396 times)
smartbitcoininvestor
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December 31, 2018, 10:42:05 AM
 #21

Bitcoin is becoming one of the most popular assets to carry for investors and will soon join an entire class of cryptoasset portfolios.
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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December 31, 2018, 10:49:40 AM
 #22

Bitcoin is becoming one of the most popular assets to carry for investors and will soon join an entire class of cryptoasset portfolios.

Until now, bitcoin is still popular, because bitcoin is still growing well, although the price sometimes goes up and down, but so far, bitcoin will still develop.
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December 31, 2018, 10:58:53 AM
 #23

When I read original White Paper, there is only mention one purpose Bticoin to be "Electronic Cash System", "Electronic Payment System" no words as "Electronic Currency", "Cryptocurrency", "Be like own bank". When I am reading White Paper it is obvious to me that Bitcoin was to be something like PayPal but works without censorship and permission-less. But in some time narration were changed to "be like own bank", "global currency" and so on, this sounds like fraud from people that was bag holders in early time of Bitcoin

For me, Bitcoin is only used for some people to gain a lot of money in a easy way and also for manipulating everything that is inside this market. A lot of people already took advantage of this and we also need to do that.
cybernetik7
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December 31, 2018, 12:25:20 PM
 #24

Everything is evolved after its creation. Look airplanes that we have now and Wright Brothers' plane. Basical properties of bitcoin may not change so much but we'll see totally functional and flexible BTC.

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cryptomaster420
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December 31, 2018, 02:42:30 PM
 #25

Everything is evolved after its creation. Look airplanes that we have now and Wright Brothers' plane. Basical properties of bitcoin may not change so much but we'll see totally functional and flexible BTC.
Airplanes today are significantly more functional than Wright Brothers' plane.
Bitcoin is completely crippled compared to earlier versions.
It hasn't evolved, it has devolved, you comparison doesn't work.
If this continues to be the case, Bitcoin itself will become the Wright Brothers Plane of crypto and get replaced.

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December 31, 2018, 09:56:15 PM
 #26

For me, Bitcoin is only used for some people to gain a lot of money in a easy way and also for manipulating everything that is inside this market. A lot of people already took advantage of this and we also need to do that.
You should not think of Bitcoin as a shitcoin. Millions of money are not enough to direct price of Bitcoin that even with the current price market value is worth of 65 billion. As a matter of fact we can influence the price of all tradable assets, but not so easy as you said.
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December 31, 2018, 10:03:17 PM
 #27

Well cryptocurtency means its written in cryptograpic bar code. And yes when you say be your own boss mean you are doing business or home based jon same like be your own bank mean you dont need to go anywhere to send receive funds cheers

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December 31, 2018, 11:19:44 PM
 #28

in my opinion bitcoin can now be said as a necessity because many people get jobs or income from bitcoin, many people who get convenience by transacting with bitcoin, the technology will really change the world later

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January 01, 2019, 10:20:34 AM
 #29

Is now Bitcoin being that was supposed to be?

Of course it is. Bitcoin was started by the energy and power companies, so that they could sell more electricity.

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January 01, 2019, 12:08:41 PM
 #30

Do you think that Morgan and Co. will not have enough intelligence, experience, patience, money, time, resources to bend cancer with a good mood for a hamster-hodler to extract the required volume of cue ball? Ideological hodler 1% + -, and all the rest of the convent craves for profit, mega X, lambo, yachts, islands ...

The rest of the pampas that would end up with most of the mined poured into the cue ball and Fiat. And the remaining manipulated on fear and greed of hamsters, again making their X's.
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January 01, 2019, 04:48:27 PM
 #31

When I read original White Paper, there is only mention one purpose Bticoin to be "Electronic Cash System", "Electronic Payment System" no words as "Electronic Currency", "Cryptocurrency", "Be like own bank". When I am reading White Paper it is obvious to me that Bitcoin was to be something like PayPal but works without censorship and permission-less. But in some time narration were changed to "be like own bank", "global currency" and so on, this sounds like fraud from people that was bag holders in early time of Bitcoin

yes indeed, this is what really makes us all a dilemma. caught between profit and the desire to achieve the most up-to-date technology. Unfortunately people prefer to join the "Profit" group compared to the "Technology" group. So that whatever things are made just to attract the attention of others to put the money into their pockets. The whitepaper cannot be fully used as a reference, because what is written there cannot always be realized at the development stage
kelz1
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January 01, 2019, 05:10:55 PM
 #32

Bitcoin is being used as an electronic cash system, you can use it to buy stuff online from various merchants or peer to peer. It is being used as it's intended purpose and much more

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January 03, 2019, 04:03:01 PM
 #33

Bitcoin was developed by Satoshi to serve as an alternative payment network to the centralized solutions that are being exploited in the past. The Banks and centralized payment networks abused their monopoly and Bitcoin was supposed to replace them, but it did not work out exactly like it was planned.

These centralized entities has managed to infiltrate Bitcoin too and it destroys Satoshi's vision for this technology.  Wink

Yes, the centralized entities does managed to infiltrate bitcoin but I dont see the banks and all centralized payment networks destroyed the planned and vision which Satoshi had when he implemented the bitcoin network because it just 10years old and all this centralized network have be around for ages and we shouldn't expect bitcoin to take over just like that.

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